my husband's family took out a loan 1.5 years ago for a period of 3 years for 150,000 pesos for a total sum of 400some thousand pesos (a crime). now they would like to pay it in full, after 17 payments. The remaining capital is less than 80000 pesos.
When we try to talk to the banco de credito y desarrollo, however, they talk about "bajando lo que se debe" and not "paying what's left of the capital".
My question is, is that legal? Here in the US if you get a car loan for 20k and later on you want to pay it off early, you dont owe ANYTHING for the time you arent paying interest. I was told that we are allowed by law to pay it off plus 3% of the remaining amount to close the account. Is this true?
I tried talking to the manager and he told me "we have a business here". I asked him to fax me the contract and said he'd have to "find it".
please help. thanks!
When we try to talk to the banco de credito y desarrollo, however, they talk about "bajando lo que se debe" and not "paying what's left of the capital".
My question is, is that legal? Here in the US if you get a car loan for 20k and later on you want to pay it off early, you dont owe ANYTHING for the time you arent paying interest. I was told that we are allowed by law to pay it off plus 3% of the remaining amount to close the account. Is this true?
I tried talking to the manager and he told me "we have a business here". I asked him to fax me the contract and said he'd have to "find it".
please help. thanks!