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Paying off Barclays loan
Daniellexxx23
Posts: 14 Forumite
in Loans
I owe £5200 on a Barclays loan. Would they accept £4500 to settle it now?
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Comments
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How far in arrears are you? Have you defaulted or just behind with payments?0
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I've been making the payments but want to pay the loan off before I apply for a mortgage. I thought I only had a certain amount left so saved up that, then found out I owed more.0
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So you think a mortgage company would lend you money, after you just stiffed Barclays out of £700? Is this a joke?0
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Daniellexxx23 wrote: »I've been making the payments but want to pay the loan off before I apply for a mortgage. I thought I only had a certain amount left so saved up that, then found out I owed more.
Defaulting on a loan just before applying for a mortgage would be spectacularly bad.0 -
I'm sorry no it's not. I was just asking a question. I obviously don't know, hence me asking on here.0
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Deleted_User wrote: »Defaulting on a loan just before applying for a mortgage would be spectacularly bad.
Ah right ok, sorry I didn't know that's what it was called. Thanks though.0 -
It won't go against me if I pay the full amount back will it?0
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No. That's what you're supposed to do with loans.0
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I know, I just meant in a lump sum rather than the monthly repayments.0
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Nothing wrong with it at all.0
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