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Loan settlement
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yellowlawn
Posts: 349 Forumite
in Loans
Can someone please explain how you get to your settlement figure. I have 2 years left on a 5 year loan and am looking to pay it off. So 23 months of payments works out £50 greater than what we would get with a settlement figure today. Is that correct?
Yellowlawn
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If a man says something in the woods and there are no women there, is he still wrong?
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If a man says something in the woods and there are no women there, is he still wrong?
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Depends on the amount and rates.0
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Hi yellowlawn
Could well be, but as zx81 says it's impossible for us to confirm without knowing the full details of the loan. There are numerous online calculators you can use to determine loan settlement figures.
Dennis
@natdebtlineWe work as money advisers for National Debtline and have specific permission from MSE to post to try to help those in debt. Read more information on National Debtline in MSE's Debt Problems: What to do and where to get help guide. If you find you're struggling with debt and need further help try our online advice tool My Money Steps0 -
If you have the details of your loan, Google "Guardian loan calculator" put your figures in and it will show the amount outstanding at each month, then just add 2X the interest the table says you would pay in the next month and that'll be more or less your settlement figure - if it turns out less because your lender doesn't charge 2 months interest on early settlement it's a bonus.0
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That's what I was looking for. ThanksYellowlawn
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If a man says something in the woods and there are no women there, is he still wrong?0
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