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Loan with no early settlement fee

krazyk
krazyk Posts: 265 Forumite
Hello,

I would like a loan to consolidate all my credit card debts (£25k) but would like the option to pay it off early if I can or change my monthly payments.

I've had a quick search on MoneySuperMarket.com, it listed only a few firms that provided a £24k loan and all have early settlement fees.

Do any exist? Is the loan I require too high?

K

Comments

  • mountainofdebt
    mountainofdebt Posts: 7,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Don't know if they would do a loan for that amount but Cahoot's flexiable loan can be paid off early without any early settlement charges and you only pay interest on the outatanding amount each month.
    2014 Target;
    To overpay CC by £1,000.
    Overpayment to date : £310

    2nd Purse Challenge:
    £15.88 saved to date
  • DJ1UK
    DJ1UK Posts: 373 Forumite
    Part of the Furniture 100 Posts Photogenic Combo Breaker
    You can get an egg loan and pay it off early without any extra charges. Their maximum limit is £25,000 so not sure how easy it is to get accepted.

    Have a look at http://www.egg.com/loans

    DJ
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