It really is worth emphasising because you borrowed more that month from the same doorstep lender if you repaid some loans early. This will be often called вЂњrefinancingвЂќ your loan.
In cases like this you have compensated more in interest than you will have in the event that you had simply been offered an additional loan due to the method the вЂњearly settlement calculationвЂќ ended up being done. If it wasnвЂ™t explained to you personally by the representative (and I also bet it absolutely wasnвЂ™t!) you then paid more interest than you need to have installment loans Connecticut. Read more