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Mooregate / Egg Loan break
stretchandgrow
Posts: 1 Newbie
in Loans
I have just called Mooregate who Egg sold my loan to and asked for a 3 month break from my loan which is about 3000, I usually pay 200 per month, they said I could but it will cost me 600 as they add the payments onto the loan…. Is this correct as it sounds a bit expensive to me… thanks 
0
Comments
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Yes that is correct, it is the same when you ask for a payment break on your mortgage, the monthly payment is added to your total outstanding so your monthly payment increases and you pay interest on this as well.0
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I did that a while ago. Increased my payments by a bit each month so sounds about right:beer:0
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