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What should I ask about a partial early repayment?
The agreement and provider process determine which effect occurs.
Ask about instructions, charges and a revised schedule before relying on a particular outcome. Sending extra money without clarification does not necessarily create the repayment change you intended.
Details
- Identify the amount received and the opening balance
- Read fee treatment in the written offer
- Compare the dated repayment schedule
Before preparing an application
Prepare your application document list
Put the proposed payment beside income dates and essential bills before discussing the schedule with a provider.