Guest Posted June 14, 2010 Report Share Posted June 14, 2010 Right now loans stay forever even after you have paid them off to zero. For instance I took out 40k worth of loan, paid it off a while ago but if I were to take out a new 50k loan the payments would be calculated off a total loan amount of 90k instead of 50k. Not a game killer but very aggravating since it up the monthly cost of sucessive loans rather quickly. I would very much like to see this bug get knocked out. Link to comment Share on other sites More sharing options...
Guest Posted June 14, 2010 Report Share Posted June 14, 2010 I'm in favor of this as well. I paid off all my loans a long time ago but for some reason the numbers are still hanging around. Link to comment Share on other sites More sharing options...
Guest Posted June 15, 2010 Report Share Posted June 15, 2010 This also affect your finacial stats... How can I be - 50 000$ if I get it and spend it, but later get some revenue and pay the loan... So in fact I will be 0 not still -50 000 because I lost the loan money I pay! Maybe I'm not clear! if I get 50 000$ buy stuff and make profit, pay the loan... why I'm at - 50 000$ in my financial... and not 0 Link to comment Share on other sites More sharing options...
Guest Posted June 15, 2010 Report Share Posted June 15, 2010 Would be nice, I'm up to $9,000 payments a week. Not a deal breaker, but would make things easier. Link to comment Share on other sites More sharing options...
Guest Posted June 15, 2010 Report Share Posted June 15, 2010 I agree, it makes things a bit more difficult as it stands at the moment. Link to comment Share on other sites More sharing options...
Guest Posted June 26, 2010 Report Share Posted June 26, 2010 Is there any sign of this happening? I bought a gym which had already paid off $85000 in loans but needed some work. I took out another $50000 loan and the repayments are almost $3000 per week! So I am having to pay for the fact that the previous owner took out loans. Surely this is something which needs to be changed ASAP. Link to comment Share on other sites More sharing options...
mrj2020 Posted June 26, 2010 Report Share Posted June 26, 2010 this would definitely improve things for company owners Link to comment Share on other sites More sharing options...
thegroovemonkey Posted June 26, 2010 Report Share Posted June 26, 2010 I like this as well. If you add to a loan then payments should go up the way they already do, but it you are taking a completely new loan it should be at the original rate. Link to comment Share on other sites More sharing options...
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