We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Paying off a loan early?
Hi all
I have a 3yr loan, originally £8k now down to £2.5k or thereabouts, at 3.4%. I plan to apply for a mortgage in the next year or so.
I want to pay the car loan off - but will doing so adversely affect my credit history?
I have no other debt, and enough savings to pay it off, but if it's better to leave it for the term, I will.
Advice, oh wise people?
I have a 3yr loan, originally £8k now down to £2.5k or thereabouts, at 3.4%. I plan to apply for a mortgage in the next year or so.
I want to pay the car loan off - but will doing so adversely affect my credit history?
I have no other debt, and enough savings to pay it off, but if it's better to leave it for the term, I will.
Advice, oh wise people?
0
Comments
-
Lenders will view you more positively, as you will be carrying less debt.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.7K Work, Benefits & Business
- 603.1K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards