Post by clay on Jan 18, 2016 8:50:56 GMT
I had an early repayment this morning on one of my 5 Year contracts. It was only a "partial" repayment, which I've never had before, so I logged in to have a look.
There had been a balance of around £200 and 2 years ish left to repay it. The borrower has made a one-off payment today of 11p (!) then the rest of the payments are to continue as normal (about £6.70pm) until August/September this year, when the entire remaining balance of £150 is to be paid off in just two payments.
Any ideas what's going on here? Is it possible for borrowers to schedule different payment amounts months in advance?
There had been a balance of around £200 and 2 years ish left to repay it. The borrower has made a one-off payment today of 11p (!) then the rest of the payments are to continue as normal (about £6.70pm) until August/September this year, when the entire remaining balance of £150 is to be paid off in just two payments.
Any ideas what's going on here? Is it possible for borrowers to schedule different payment amounts months in advance?
