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The loan was taken out last july and was for £2000. we have been making monthly payments of £95 for 6 months, and have now decided to try and clear it this month. we have phoned welcome and they have told us that we will have to write to them asking for a settlement figure, does anyone know roughly how much we will be looking to pay back as they will not tell us over the phone. the apr on the loan was 46.7% over 3 years. thanks in advance to any replies x to who ever this concerned what i meant was the interest is 46.7% per annum and it was spread over 3 years

Not sure they all differ, have you looked at the small print on the agreement it may tell you a percentage amount if you settle early. i disagree with them charging you for paying it back early anyway but thats life. if you are not sure if the amount they give you is correct try confirming it with consumer credit advice or citizens advice, even though you are about to repay the loan it may be worth ringing someone like national debtline as they know all the ins and outs and will tell you if welcome finance are trying to rip you off, have had friends use them before and they were shortchanged badly. sorry cannot give you an exact figure.