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Posted: Tue Feb 05, 2008 10:09 am
by anais743
for the purpose of calculating your total debt do you take the loan balance figure or the redemption figure? my redemption figure is 5K less than my current balance
Posted: Tue Feb 05, 2008 10:10 am
by pbeck
Take the loan balance figure, the redemption figure is a discounted early settlement figure, the balance is the number of payments you have left multiplied by the payment amount.
Posted: Tue Feb 05, 2008 10:17 am
by Adam Davies
Hi
Always best to look at the worse case scenario,take Philips advice and quote the balance figure
Regards