Bassicaly , i brought a car ( well i took over the finance payments ) and i would like to pay it all off , theres like 12 months left which comes to about 1300 pound over the 12 months , but 700 pound of that is intrest on the loan
i got the guy whos car it was , to phone up the people who gave him the finance to say he would pay it all off it one go , but he recently lost his job a couple of months ago and he told the finance company and there now letting him pay smaller amounts back untill he finds another job , on a loan he took out from them and another car he got finance on
they bassicaly told him they wouldnt accept the one off payment becuase there bassicaly doing him a favour by letting him pay less on the other car and loan
where do i stand ? what can i do ?
surely they have to take the payment ? at a lesser rate of intrest ?