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Paying off a loan early?
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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
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Lenders will view you more positively, as you will be carrying less debt.0
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