Originally Posted by
JayKay
Does it have any adverse affect on your credit rating?
Basically i'm cutting my hours down at work and trying to save a bit of cash monthly, i've been offered a good trade in price for my Vectra which is over and above the settlement figure, but I was wondering does it affect my credit rating for future credit?
I've had mixed opinions when i've asked other people that's all!
Cheers
If you settle any outstanding credit wether its earlier than agreed there is no Penalty for doing so. Sometimes it will improve your borrowing limit. Credit file will show that you have settled the finance agreement and thats it!