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
Advice re T&C's
Can anyone advise me what this means? It sounds like an early payment penalty but it is the first time I had known anything about it.
In the key information, it says:
Early settlement of this agreement - If you choose to settle this agreement early on the dates below the amount you will pay, per £1,000 borrowed will be:
When a quarter of the term has elapsed £786.31, when half of the term has elapsed £543.43, when three quarters of the term has elapsed £281.76.
In calculating these amounts, no account has been taken of any variation which might occur under this agreement and amounts shown are accordingly only illustrative.
gobbyash
In the key information, it says:
Early settlement of this agreement - If you choose to settle this agreement early on the dates below the amount you will pay, per £1,000 borrowed will be:
When a quarter of the term has elapsed £786.31, when half of the term has elapsed £543.43, when three quarters of the term has elapsed £281.76.
In calculating these amounts, no account has been taken of any variation which might occur under this agreement and amounts shown are accordingly only illustrative.
gobbyash
0
Comments
-
Updated.
gobby0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards