We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 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!
Can't pay extra off loan unless I pay for all of it!
Options
samuurai_2
Posts: 4 Newbie
in Loans
Hi,
I got a loan for a car a while ago and i've now sold the car. The selling price didn't cover the cost of the loan.
I rang my bank saying I wanted to pay off my loan and they said I can't pay off chunks of the loan, I have to keep paying monthly OR I have to pay it out in it's entirety.
Can you please give me some ideas about what I should do? I'll accrue about £1000 in interest in the next 2.5 years if I don't pay it off... what would you do?
I got a loan for a car a while ago and i've now sold the car. The selling price didn't cover the cost of the loan.
I rang my bank saying I wanted to pay off my loan and they said I can't pay off chunks of the loan, I have to keep paying monthly OR I have to pay it out in it's entirety.
Can you please give me some ideas about what I should do? I'll accrue about £1000 in interest in the next 2.5 years if I don't pay it off... what would you do?
0
Comments
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.9K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.9K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards