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jackg1

Question About Paying Loans Early

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Hi, sorry if this isn't the correct section, I had a look but couldn't find any other relevant section.

 

Last month I was in pretty bad debt with PDL's so i went to Every Day Loans and they gave me the £4000 I needed to clear them at 85% APR over 3 years so I am paying £310 per month. Since the interest is quite high I am hoping to work enough overtime at my job to try and pay the loan off after 1 year but I was wondering if I have to pay the initial £4000 or do i need to pay the £11,000 (total with all interest over 3 years) to clear it early? I googled it before hand but couldn't find the information I was looking for. 

 

Thanks a lot

 

Jack

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Check the terms and conditions of your Every Day agreement.....look for early settlement

 

Andy 


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