Repaying Career Development Loan

3
Found 26th Jul 2009
Hi there,
A couple of years ago I took out a Career Development Loan of £1140 at 9.9% interest, today I have £750 left to pay, but I want to pay this off in full. In the T&C it says for early settlements:

An early settlement fee equal to one additional months interest calculated on the balance outstanding will be payable.

This goes straight over my head, please could someone explain it to me?

Thanks =]
Community Updates
3 Comments
So it would be £750 + one months interest on that amount that you would have to pay...i think
it means that you pay an extra month but i would look into it further
I don't understand whether that's £75 or £6.25... sounds confusing to me! Shall give them a call tomorrow =]
Post a comment
Avatar
@
    Text

    Top Discussions

    Top Discussions

    Top Merchants