hp

[leroyboi22]

if you could afford to pay off your hp early would you do it,or would you let it run the full term? :slm:

 

[Craig]

Work out how much it will cost you to pay it early vs how much it wuld cost you to let it run its course, if they're both the same, I'd pay it off early.

 

[tse_adam]

i second that, if both works out the same of course you should hold out until the end. its always better to have a bit of cash in hand and since the finance is not going to charge you extra in interest then why blow all the cash?

IF they give you a discount for settling the bill early then pay now.

 

[leroyboi22]

works out bout 200 cheaper

 

[Alienfish360]

I guess it's not like loans then, most bank loans if ended early your settlement figure is normally more than letting it run.

That's why when you start paying the loan back, you pay the intrest first not the actual borrowed money.

 

[leroyboi22]

nah it says if i pay early i dont pay sum of the interest,but it only works out at bout 200