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Unless you get the lender to agree to an offer, you will pay the balance due for payoff(repo fees, late charges,ect. have likely devoured any reduction in interest you would have seen for early payoff)

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โˆ™ 2015-07-16 19:23:00
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Q: If you pay off the balance on your repossessed car to get it back do you have to pay the balance owed with interest based on the original 5 yr loan?
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The amount of money in a checking or a savings account is the balance. The interest is usually based on the balance.


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What is the function of a money market savings account?

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Are personal loans offered on reducing balance interest?

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What is the principal of a loan?

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