Discussion topic: Upgrade/Swap
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Message posted on 11 Dec 2024 08:53 PM
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Upgrade/Swap
I am considering an upgrade. Can I pay a one off payment up front to reduce the monthly payments?
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Message posted on 11 Dec 2024 10:09 PM
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Re: Upgrade/Swap
@Tyebomber wrote:
Can I pay a one off payment up front to reduce the monthly payments?
Taken from here:
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.
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