You will receive a notice that your loan has been paid off and the lock related to the loan is removed from your savings account when you have paid your loan off in-full.
It is possible to keep your cash in your family savings making interest or request a transfer associated with funds.
Yes. There isn’t any prepayment or very early withdrawal penalty for reducing, or paying down, your Credit Strong account loan early.
You should know that payment history is one of important aspect for your FICO credit history and also by settling your loan early you can expect to decrease the amount of payments reported into the credit agencies, potentially reducing the good effect regarding the Credit intense account loan in your credit rating. (more…)