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Paying off a loan
restless6
Posts: 472 Forumite
Hi
i was in the process of applying for a mortgage before corona but now it is all on hold .
going through my finances and trying to make them better.
i have a loan no interest loan with Barclays - there is another year left of repayments (£445) total
would it help to pay off all of this loan now and get rid of it or because it is zero interest would it make no difference ?
i was in the process of applying for a mortgage before corona but now it is all on hold .
going through my finances and trying to make them better.
i have a loan no interest loan with Barclays - there is another year left of repayments (£445) total
would it help to pay off all of this loan now and get rid of it or because it is zero interest would it make no difference ?
0
Comments
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Might as well. If you've the money to hand. Tidies up your credit file. Not as if you are going to earn very much interest by not paying it off quicker.0
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