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Why does a settlement figure have a date?
It is not always identical to the principal balance displayed on a statement.
Use the provider's instructions and confirm the figure if payment will occur later. Keep evidence of receipt and account closure rather than assuming that an old estimate remains correct indefinitely.
Details
- Identify the amount received and the opening balance
- Read fee treatment in the written offer
- Compare the dated repayment schedule
Understand the loan structure
Compare secured and unsecured structures
Read the security and responsibility questions before comparing the price of different loan types.