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lbatiste3
New Member

If I pay off my Installment plan early, Will I still get charged interest and penalty fees. I've been on the plan for about 2 months now

If I pay off my Installment plan early, Will I still get charged interest and penalty fees. Or will the interest be prorated ? I owed about 2500 but with the interest and fees for the installment agreement, I owe about 3800.

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1 Reply
MargaretL
Expert Alumni

If I pay off my Installment plan early, Will I still get charged interest and penalty fees. I've been on the plan for about 2 months now

No - you won't be charged any interest/penalties.  The interest and penalties continue to accrue UNTIL your liability is paid in full. 

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