Hi, I'm hoping someone else has experience with this and can help! I entered a 24 month credit agreement with Apple via PayPal Credit. I decided to pay off a chunk (about 1/4) of what I owed early, to reduce my monthly payments and take some of the pressure off as we were about to move.
Even though my amount owed is reduced by several hundred £, the monthly repayment value is still the same as when I set up the agreement. Whenever I've had credit before, paying off a chunk of the balance reduces the monthly repayments. Does this mean I just pay the same amount over less months (+interest)?
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