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Loan help please!!
Comments
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Lloyds loans amongst many others allow overpayments - they only reduce the term of the loan, not the repayment, Never pay off in full, as you incure 2 months interest as a penalty, but nothing to stop paying off ALMOST the whole balance, leaving only 1 or 2 more payments, therefore you only get charged a few quid interest.
If I was in your position, I would want my parents to have full visibility of my financial affairs - i.e. bank statements credit reports etc , until you have paid off the loan, as these things can spiral out of controlUnless it is damaged or discontinued - ignore any discount of over 25%0 -
Phill_Anderson wrote: »Before applying for a loan, you should have good credit rating.
O_Rly..............0
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