We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Paying of a Loan

I would like to pay of my loan this year and was just wondering if anyone knows the best way to save to do it, or any way they found to do it. The best way or tips for paying it off and making some money to get it paid off quicker....

like would i be able to transfer the loan to a 0% credit card and still pay it off as i would usually do...?

any help would be good... its not alot to pay of, about £5,000

Cheers in advance

Comments

  • I would call and get a settlement figure, and then work from there.
    There may be redemption costs etc involved which you would need to factor in :)
  • I would call and get a settlement figure, and then work from there.
    There may be redemption costs etc involved which you would need to factor in :)

    Not really relevant to the question posed, but, does anyone know if late
    payment charges can be reclaimed on a Bank Loan as for credit card late
    fees and other default charges imposed by Banks.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.4K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.2K Work, Benefits & Business
  • 603.9K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.4K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.