Loans2go

Sandyjmc

Hello, I would just like some advice please. I took a loan with loans to go of £1150 last January. I am up to date with payments and have so far paid back £1995. The loan has another 2 years to run.
Although I am keeping up payments it does leave me short every month. I have looked on their website and if the loan had been set up over 12 months the total to repay would be £2700.
I am wondering that if I pay four more payments, by which time I will have paid over £2700, if I would be able to write to Loans2go and ask if they would accept what I have paid as full & final offer?
I know I shouldn't have taken the loan in the first place but 12 months later I am in a very different place & trying to get sorted out. So would appreciate some advice & thoughts. Thank you

Pixie5740

As long as you are making the repayments Loans2Go are unlikely to accept a full and final settlement offer. Credits usually accept F&F when you are in arrears and have defaulted on the account.

If you are struggling to make ends meet then the Debt Free Wannabe board is a good place to go for advice. There are 3 debt charities who could advise you as well, CAP UK, National Debtline and Step Change.

Sandyjmc

Thank you, I will have a look

-taff

You can look for a cheaper loan apr and pay off the loan with that.