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    mamma's Avatar
    mamma Posts: 1, Reputation: 1
    New Member
     
    #1

    Oct 29, 2007, 04:06 AM
    I'm paying a loan off 3years erly
    I'm paying a loan off 3 years early can I claim any money back off the interest that I have paid please help
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
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    #2

    Oct 29, 2007, 06:15 AM
    Yes and no. What you should be doing is requesting a payoff balance from the lender. That balance will not include any future interest due. However, such balances are often estimates because of timing. When the payment is received, the actual principal balance is calculated and you should have any overpayment refunded. But you can't get a refund on regular interest already accrued.

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