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Which is better????
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just to clarify the terminology.
a F&F (full&final) usually occurs if a loan has been defaulted, reduced payments are being made...and after a year or more and if the loan has been sold on to a DCA, then the DCA may accept a reduced offer to pay off the loan hence F&F.
however, here that's not the case.
if you wanted to pay off your loan early then you would ask for a settlement figure...which means you should pay less interest as you are repaying the loan early. In depends upon the T&Cs of the loan whether its worthwhile however.
in your case you only have two loans and an overdraft.
you would need to check the T&Cs of the loans to see whether its worth while paying increased installments or even of repaying the whole loan early.0
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