Lloyds TSB Early Settlement Help

SAMPleGuy

Hi folks, I read some tips on here about Lloyds TSB early settlement and perhaps in my haste I made a one off repayment that brought my loan balance right down to a negligible amount of approx £1.50.

The repayment was credited to the loan account approximately 10 days after my last repayment date so am I right in thinking a settlement amount should be 10 days interest on the old balance, plus however many days until I ask for the quote on the latest balance + 56 days extra interest on that balance? The reason I ask is that I apparently asked for a settlement figure about a month ago, and if my maths are correct it's a little on the high side for what it should be so I'm tempted to let that offer expire (2 days to go) and call up again in a few days time for another quote.

Finally my monthly repayment is about £220 and more than covers whatever the final figure is going to be. If I allow the direct debit to run through as normal I don't think I have to pay the interest penalty (?) but how long will it take for them to reimburse me the balance?

Thanks all.