Paying off a debt

[RobertRaw]

If you have a monthly agreement to pay off a debt and you have NEVER defaulted, can they demand the balance left immediately ?

[Oneeyedvic]

This is a depends question:

If you have taken out a loan or HP agreement in a normal way, then no, it can not usually be repayed on demand - if you break any of the terms of the agreement (eg on a HP if they asked for fully comp insurnace and you are not insuring it) then they may be able to class this as a default and demand repayment - bit of a grey area

If you have defaulted on something previously, and as a gesture they are allowing you to play monthly (but there is no formal agreement) then I believe that they can demand payment in full.

If you want a specific yes or no, post back full details of your case.

[kazza12345]

depends on who "they" are .. is it a person or a company? If a company, do you have terms and conditions?

[dzug]

It's possible - for example if you have lied on the application form

[ava_viktoria]

I think you are complying with the payment terms so I don't think they should ask for the balance anymore.