On the statement it shows the loan balance but it shows it with all of the interest added in already and says *Not a payoff balance call for details. So I was wondering how to figure it out myself? It shows total balance of 1100 at 24% interest with 6 mos left. So if I wanted to pay if off right now what would it be?
2007-12-11 05:19:08 · 4 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
874.77!!!
2007-12-15 01:09:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
rule of thumb is to add 1 payment to it. But with that having been said a written pay off is required with a per diem with a good through date to properly figure. Also understand this some companies report the total of payments with principal and interest and the pay off could be much much less.
2007-12-11 13:25:16 · answer #2 · answered by golferwhoworks 7 · 0⤊ 0⤋
They aren't counting the days of interest til your next statement. Best to call so you can be sure of the exact amount.
2007-12-19 13:12:00 · answer #3 · answered by likeAdove 2 · 0⤊ 0⤋
It would be around $1450-1520.
sorry dont have calculator with me and its an educated guess.
2007-12-11 13:34:24 · answer #4 · answered by its_me_farhan2005 2 · 0⤊ 0⤋