Paying off Barclays loan

Daniellexxx23

I owe £5200 on a Barclays loan. Would they accept £4500 to settle it now?

[Deleted User]

How far in arrears are you? Have you defaulted or just behind with payments?

Daniellexxx23

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.

Timbosaurus

So you think a mortgage company would lend you money, after you just stiffed Barclays out of £700? Is this a joke?

[Deleted User]

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.

Daniellexxx23

I'm sorry no it's not. I was just asking a question. I obviously don't know, hence me asking on here.

Daniellexxx23

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.

Daniellexxx23

It won't go against me if I pay the full amount back will it?

[Deleted User]

No. That's what you're supposed to do with loans.

Daniellexxx23

I know, I just meant in a lump sum rather than the monthly repayments.

[Deleted User]

Nothing wrong with it at all.