Posted on

Just exactly exactly What should take place aided by the final loan is that you ought to have only to settle the total amount you borrowed less any payments you earn compared to that loan. Some situations

Just exactly exactly What should take place aided by the final loan is that you ought to have only to settle the total amount you borrowed less any payments you earn compared to that loan. Some situations

Example 1 – you have got currently compensated a great deal towards the loan that is defaulted

You ought to be finding a reimbursement of ВЈ700 in the earlier in the day loans. The loan that is last for ВЈ250, you have got currently compensated ВЈ280 and there is nevertheless a balance of ВЈ90.

While you have compensated more than you borrowed in the final loan, it ought to be written down therefore the extra ВЈ30 you have got compensated to it really is included with your reimbursement. And so the loan that is last cleaned and you receive a reimbursement of ВЈ730.

Example 2 – you have actuallyn’t completely paid back the final loan

You ought to be getting a refund of ВЈ700 in the earlier in the day loans while the final loan had been for ВЈ250, but right here you have got just repaid ВЈ100 plus the stability is ВЈ290.

Right right Here you’ve still got to pay for 250 – 100 = ВЈ150 into the final loan to repay most of the quantity you borrowed, without any interest. Therefore ВЈ150 of the reimbursement regarding the earlier in the day loans can be used to cover this balance that is reduced. The effect may be the last loan is cleaned and you will get a reimbursement of ВЈ550.

Example 3 – you have actuallyn’t compensated any such thing towards the final loan

You need to be getting a reimbursement of £700 regarding the previous loans while the final loan ended up being for £250, however you didn’t make any re re payments plus the stability has become £470 with a financial obligation collector. Continue reading Just exactly exactly What should take place aided by the final loan is that you ought to have only to settle the total amount you borrowed less any payments you earn compared to that loan. Some situations