Advice please

teaandcupcakesplease

Good morning. I wonder if I could ask for help please. I have a loan outstanding for just over £3K to pay it off will cost me £20 should I bother paying it off in full or just leave until payments end (nov  2022) I just don’t know what to do.

I have savings hence I can pay it off if I wanted to . Any help would be very appreciated thanks again xx 

[Deleted User]

If you're paying interest on it, pay it off.

If you want your credit files to look better, pay it off.

If neither of the above apply, you may as well leave it.

teaandcupcakesplease

Hi yes I would like my credit files to look better xx 

ZaSa1418

Pay it off 

Little_Miss_Winner

If your paying interest on it - over 3 k that would amount to much more than £20. Work it out based on the interest you have already paid then I would seriously think about paying it off if you have the means too 

Sncjw

I would pay it off. It will be less stress in the future if your financial circumstances change. You won't having that hanging over your head and finding the money to pay for it. 

Paddington75

If you have the means to pay it off I would do that, especially if you're paying interest on it.

Supertryer

Definitely pay it off!
Savings will soon rebuild again 😉