How to avoid the 58 days interest being added to the early settlement of a loan???

jamesbenjamin

Bar2020 said:

Yes that works. I’ve done it. 

Pay the majority off and leave leave less than your monthly payment still to pay. The remainder will be paid on your next monthly installment without incurring interest for the full amount.

Of course check your personal tcs first so there’s no hidden clauses. But I have never been charged the added interest doing it this way.

Excellent...  I'm just waiting for the money to hit my account and I'll be paying off 95% of the high interest loan.  Ill pay off the other 5% with the set monthly payments. 

Cheers!

The_GC

@jamesbenjamin did this work? I'm in a similar position and I wanted to make a partial payment. 

Nasqueron

The_GC said:

@jamesbenjamin did this work? I'm in a similar position and I wanted to make a partial payment. 

This user was Last Active Apr 30, 2024

They may not return, make your own thread with details of the lender and so on rather than bumping old threads which is against forum rules