bit of a question for you if you know yours banks/how to "con" them
my g/f mum has just been accepted for a consolidation load at a better apr than the other two loans that she has, the problem is that if she goes in and paays them up straight away she gets charged with the "early redemption penalty"
The question is: Is there a way round this system?
if so what is it?
i thought of this: If she goes into the bank and pays off everything bar 1 payment and then she lets the last payment go out as it does every month, would that work?
please help, just trying to save her a little bit of money as she is part time at work and widowed(heart strings strumming) ops: