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SETTLE MY FINANCE FAQS

  1. Can I settle my loan before the end of the agreement?
  2. Can I settle my agreement in part?
  3. Are there any penalties for settling my agreement fully or in part?
  4. How is my settlement calculated?

Can I settle my loan before the end of the agreement? 

Yes, you can settle your account at any time once your account has been set up. 

You can request a settlement quotation and settle your account online by clicking here

Alternatively please call us on 03457 125490*. Please have your account details ready.

You can also request a settlement figure and settle your account online via the FordPass App. 

Simply:

  1. Download the new FordPass app via the App Store or Google Play
  2. Once set up, select ‘Ford Credit’ on your dashboard
  3. Follow the step by step instructions provided to get registered

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Can I settle my agreement in part? 

You will be entitled to partially settle your agreement at any time, providing you give us notice. Please call 03457 125490* if you wish to partially settle your agreement. 

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Are there any penalties for settling my agreement fully or in part?

Ford Credit settlement figures are calculated according to the Consumer Credit Act for regulated agreements.

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How is my settlement calculated?

Ford Credit Settlements are calculated using the Actuarial Method as permitted under the Consumer Credit Act.  A minimum of one months' interest is included in the settlement calculation.

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*Calls to 0345 numbers are charged at the same rate as a standard 01 or 02 geographic number, even when calling from a mobile. Calls may be monitored or recorded.

Ford Credit is a trading Style of FCE Bank plc. Registered in England: No 772784. Registered Office: FCE Bank plc, Arterial Road, Laindon, Essex, SS15 6EE. FCE Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under firm reference number 204469.

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