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What's best in the long run ?
Hi, This is my first post so be gentle with me lol
I have a Cahoot loan of £1700 with 11 months to go before it's paid off. :T
I have manaaged to save about £1000 and I have an overdraft facility of £800.
Would it be better for me to use my savings and overdraft to pay off this loan or would the overdraft interest make it an unwise decision ?
I'm also worried about trying to close it after reading all the threads about Cahoot !!
Any comments are much appreciated....
aaroneave
I have a Cahoot loan of £1700 with 11 months to go before it's paid off. :T
I have manaaged to save about £1000 and I have an overdraft facility of £800.
Would it be better for me to use my savings and overdraft to pay off this loan or would the overdraft interest make it an unwise decision ?
I'm also worried about trying to close it after reading all the threads about Cahoot !!
Any comments are much appreciated....
aaroneave
0
Comments
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Whats the APR on the loan? Bigger than the overdraft? Could you pay off the overdraft quickly?
Why not just pay the £1000 savings to the loan then you wont have much longer to go anyway?:staradmin:staradmin:staradmin:staradmin:staradmin0
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