What Would The Settlement Figure Be?

[chrissa1]

I still owe £269.00 on a double bed I bought last year. I pay, £26.69 per month. What does anybody think an early settlement figure might be?

[bednobs]

you might find if you bought it on finance an early settlement figure might actually be more. Youll have to read your paperwork.

[chrissa1]

I received a letter last week with my statement. It said to give them a ring for an early settlement figure. Was I feeling optimistic?

[woofgang]

it depends. Some places don't mind if you settle early...others will charge you all the interest you would have paid if you had paid it off over time, some fall in the middle. You would really need to check your agreement or ask the company who hold your agreement, who may not be the shop.

[chrissa1]

Thanks both of you. They did say when I bought my bed on finance that I could pay more each month if I wanted to. I’ll give them a ring on, Monday. Cheers.