amethbrilliant

Thanks for an interesting thread to read. There is a lot to take into consideration about this topic. I have not had a lot of time to deal with loans, but I can say for sure I would like to choose the one with a lower interest rate. Unfortunately, my credit score is not that good, and I don’t get to choose from many options. Thankfully there are nonbank financial organizations that can still lend me money with good interest rates. According to greedyrates.ca, they are more flexible than regular banks. They have more to offer to a regular person with not-so-good credit scores.

Well, at least you won, and now you have money to pay your lawyer. Lawyers usually include lawyer fees reimbursement by default. If you didn’t get anything, then it’s a “no” from the judge. I had to take cases to court several times, too, and I won every time because I had a good civil lawyer. But I got the lawyer fees reimbursement only once or twice, and I don’t understand how that works. Maybe the judge looks at how much money you get in the end and decides that you can pay the fees yourself, or there is a law that talks about it. Anyways, I will probably ask my lawyer about it next time I see them.

As far as I know, in most cases (and in my case, too), prepayment is allowed only when you want to repay the entire loan. Otherwise, it’s prohibited, and that’s convenient. It helps me ensure I paid as much as I should have. I am a regular bank customer and don’t know all the peculiarities of this case. I just did some reading on https://www.youngandthrifty.ca/, and it seems to me that I read this about prepayment. It is not often used because it would lead to a constant re-evaluation of the loan or something like that. Also, thanks for the answers. It makes things clearer for me.