Credit Agreement

[JoBurns1]

Can I pay off the balance of a credit agreement without penalties before end of contract?

[caesarome]

@JoBurns1 

This might help:

https://www.sky.com/help/articles/make-a-payment-credit-agreement-payment

Any extra payments you make will go towards paying off your final monthly instalments first. This means, the credit agreement repayment furthest in the future, not necessarily next month’s instalment.

For example, if you've got 6 months left of a 36-month agreement, the payment will go towards the 36th repayment, then the 35th repayment and so on, not the 30th repayment.

So you can make extra payments if you want but you do need to be careful when doing so as it is quite easy to add a credit to your billing in error instead of making a payment against your credit agreement.

[JoBurns1]

So paying off the full balance is ok and no penalties?

[caesarome]

It should be but to do so you would need to call Sky on 150 as this is the only way to do it.