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Paying loan back early - impact on credit rating

  • 06-02-2017 12:39pm
    #1
    Veloce
    Registered Users Posts: 1,289 ✭✭✭


    I am just wondering what is the effect, if any, on my credit rating if I were to pay back a variable rate loan early?


Comments

  • #2
    listermint
    Registered Users, Registered Users 2 Posts: 34,048 ✭✭✭✭listermint


    Veloce wrote: »
    I am just wondering what is the effect, if any, on my credit rating if I were to pay back a variable rate loan early?

    The effect would be nil.

    You may owe the lender an early closure fee on the loan though have you checked that out


  • #3
    Veloce
    Registered Users Posts: 1,289 ✭✭✭Veloce


    listermint wrote: »
    The effect would be nil.

    You may owe the lender an early closure fee on the loan though have you checked that out

    Thank you Listermint.


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