What does it mean when it says payoff good through?

+1 vote
asked May 23, 2018 in Other-Finance by Sabelie98 (1,560 points)
What does it mean when it says payoff good through?

When a loan says payoff good through what is the meaning of that?

1 Answer

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answered May 24, 2018 by Larry S (42,350 points)
When your loan says payoff good through it means that the current balance on your loan can be paid off in one lump sum until that date specified on the good through portion on your loan agreement.

After that date the balance will likely change due to interest charges so you'll have to pay more and then the payoff good through amount would change after that date.

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