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Loan - final payment

Puddylove
Puddylove Posts: 507 Forumite
Eighth Anniversary Combo Breaker
in Loans
Hi
I'm gradually paying back my debts, and today made the final payment on a bank loan. :beer:

The loan was from my own bank - and when I looked for the DD to delete it, it seems to have already disappeared - would this be correct?

Thanks. :D

Comments

  • [Deleted User]
    [Deleted User] Posts: 35,383 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Yes. DD are controlled by the bank.
  • Puddylove
    Puddylove Posts: 507 Forumite
    Eighth Anniversary Combo Breaker
    Deleted_User wrote: »
    Yes. DD are controlled by the bank.

    Thank you.

    It feels good to have one less debt to worry about. .
  • heartbreak_star
    heartbreak_star Posts: 8,287 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Rampant Recycler
    Congratulations :)

    HBS x
    "I believe in ordinary acts of bravery, in the courage that drives one person to stand up for another."

    "It's easy to know what you're against, quite another to know what you're for."

    #Bremainer
  • fozmcfc
    fozmcfc Posts: 3,098 Forumite
    Part of the Furniture Combo Breaker PPI Party Pooper Debt-free and Proud!
    Well done on paying it off.

    My Natwest online banking, always had a loan showing on it, for about 10 years or more (2 or 3 consolidation loans).

    When I finally had my lightbulb moment, I cleared it after another 3 years or so.

    I logged in on the day after it was due out and thought, that looks different and the loan account had just disappeared, as if it never existed.

    I expected it to show £0 on the balance and then for it to clear a while after, but no it was like the last payment was snatched out of the account and I was told, ok paid, now go away lol.
  • garfield1983
    garfield1983 Posts: 48 Forumite
    Congratulations! Feels so good to have removed some of the debt doesn't it. Onwards and upwards :) xx
    Starting Debt: £51,657.46 :eek: Current Debt £31,297.83 (39.41% paid off)
    L1(6.5%):13,345.20/5,115.66, L2(5.6%):15,955.80/11,434.99, L3(0%):1,800/1,700, L4(0%):5,000/5,000, CC(0%):4,800/800, Sofas(0%):2,417.50/1,068.22, SL:c.£108pm
    Paid off :j: SB: £1,188.00, CC(0%): 1,121.94
    Loose Change Pot £101.12 Nectar Points £89.01 Savings £1,900
  • Puddylove
    Puddylove Posts: 507 Forumite
    Eighth Anniversary Combo Breaker
    garfield1983 wrote: »
    Congratulations! Feels so good to have removed some of the debt doesn't it. Onwards and upwards :) xx

    It does, thank you.
    :D

    (Although I feel a little cheated that I don't get the satisfaction of deleting the DD! :rotfl:)
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