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  • FIRST POST
    • later
    • By later 13th Jun 18, 10:39 PM
    • 24Posts
    • 4Thanks
    later
    Question regarding payment end
    • #1
    • 13th Jun 18, 10:39 PM
    Question regarding payment end 13th Jun 18 at 10:39 PM
    Hi

    I was wondering if you could answer something. I took out a Barclay loan on 9th January 2017, for 36 months.

    My first payment was 9th February 17.

    Will my last payment be on 9th January or 9th February 2020?

    Thanks
Page 1
    • zx81
    • By zx81 13th Jun 18, 10:57 PM
    • 17,256 Posts
    • 18,348 Thanks
    zx81
    • #2
    • 13th Jun 18, 10:57 PM
    • #2
    • 13th Jun 18, 10:57 PM
    You need to make 36 payments. That gives you the answer...
    • sourcrates
    • By sourcrates 13th Jun 18, 11:00 PM
    • 14,322 Posts
    • 13,524 Thanks
    sourcrates
    • #3
    • 13th Jun 18, 11:00 PM
    • #3
    • 13th Jun 18, 11:00 PM
    36 payments from 9th feb 2017, is 9th feb 2020........or is it !!
    Last edited by sourcrates; 14-06-2018 at 12:26 PM.
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
    • Tarambor
    • By Tarambor 14th Jun 18, 1:46 AM
    • 3,039 Posts
    • 2,199 Thanks
    Tarambor
    • #4
    • 14th Jun 18, 1:46 AM
    • #4
    • 14th Jun 18, 1:46 AM
    What does it say on the loan agreement?
    • On-the-coast
    • By On-the-coast 14th Jun 18, 7:15 AM
    • 17 Posts
    • 4 Thanks
    On-the-coast
    • #5
    • 14th Jun 18, 7:15 AM
    • #5
    • 14th Jun 18, 7:15 AM
    For definitive answer,
    - read loan paperwork
    - or phone loan company
    But from your brief summary 36 payments clearly end with last payment 9th jan
    • bspm1
    • By bspm1 14th Jun 18, 7:33 AM
    • 74 Posts
    • 156 Thanks
    bspm1
    • #6
    • 14th Jun 18, 7:33 AM
    • #6
    • 14th Jun 18, 7:33 AM
    36 payments from 9th feb 2017, is 9th feb 2020.
    Originally posted by sourcrates
    I make it 9th Feb 2017 - 9th January 2020 makes 36 payments

    No wonder the OP asked
    • sourcrates
    • By sourcrates 14th Jun 18, 12:22 PM
    • 14,322 Posts
    • 13,524 Thanks
    sourcrates
    • #7
    • 14th Jun 18, 12:22 PM
    • #7
    • 14th Jun 18, 12:22 PM
    I make it 9th Feb 2017 - 9th January 2020 makes 36 payments

    No wonder the OP asked
    Originally posted by bspm1
    Congratulations you passed the test!!
    I'm a Board Guide on the Debt-Free Wannabe, Credit File And Ratings, and
    Bankruptcy And Living With It, boards. "I volunteer to help get your forum questions answered and keep the forum running smoothly".
    Board guides are not moderators and don't read every post. If you spot an abusive or illegal post then please report it to forumteam@moneysavingexpert.com. Any views are mine and not the official line of MoneySavingExpert.com.

    For free debt advice, contact either : Stepchange, National Debtline, or, CAB.
    For Free Legal advice see : http://legalbeagles.info/
    • bspm1
    • By bspm1 14th Jun 18, 8:31 PM
    • 74 Posts
    • 156 Thanks
    bspm1
    • #8
    • 14th Jun 18, 8:31 PM
    • #8
    • 14th Jun 18, 8:31 PM
    Congratulations you passed the test!!
    Originally posted by sourcrates
    Yes, all I did was add up correctly.
    • later
    • By later 19th Jun 18, 3:44 PM
    • 24 Posts
    • 4 Thanks
    later
    • #9
    • 19th Jun 18, 3:44 PM
    • #9
    • 19th Jun 18, 3:44 PM
    Thank you. I wasn't being silly - I thought it was 9th January and my OH had me self-doubting, swearing it's February!
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