Paying down the Tab with some extra cash. Is it possible to make a payment on the Tab balance , and if so will this shorten the time left on the tab and keep monthly payments the same , or will it keep the time the same and lessen the monthly payment?
There is currently no way to make a bulk partial payment against your tab or alter the monthly payment sort of paying it off 100%.
I have done the math/arithmetic, and generally the Koodo folks have done their homework in terms of cash flow.
If you were theoretically able to throw an extra $100 at your $300 tab (on the old plan), you might end up paying about $20 less TOTAL after two years. Sounds like Koodo should be listed on the bond exchange, but you would have disbursed over $1300 over 2 years to earn your $20 on an extra $100.