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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31768
Experience:  Over 5 years in practice
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Is a consumer credit agreement loan terminated on full

Customer Question

is a consumer credit agreement for a loan terminated on full and final settlement?
Submitted: 1 year ago.
Category: Law
Expert:  Alice H replied 1 year ago.
Good morning. If the principal sum plus all charges and interest due under the agreement then the agreement is discharged. However, the agreement will not come to an end if any further sums are withdrawn or there is any money outstanding under the agreement. Happy to discuss further if needed.