I am confused. Your new love, is it a bank? Do you have any paperwork you read through that may define "duration".
As a guess I would think "duration" implies for the duration or the loan until it is repaid in full.
How to know what duration means, I would ask the lender to review all of the terms with you so you can make an informed decision.
GL
As a guess I would think "duration" implies for the duration or the loan until it is repaid in full.
How to know what duration means, I would ask the lender to review all of the terms with you so you can make an informed decision.
GL
I'm confused, too! 
"The duration" just means the length of a term or period. For example, if your loan's term is 36 months, then "the duration" would mean the time from when you open the loan until the loan is paid off in 36 months (or less). Now, if you don't pay it off within its term, you could get slapped with higher interest, but that's not the question. Its duration is 36 months.
What term did the loan you're actually referring to have?
@Creditin wrote:Duration not specified.
I'm sure I'm not the only one who received this thing.
HELPP!!!!.
In your OP you worried about jeopardizing a loan by calling to ask questions. First of all, that shouldn't happen. You should always be able to call a bank and ask questions about your account(s). Second, if you were already approved for this loan, it *HAD* to include its terms. If this was an offer you received via e-mail or snail mail, go back to the offer and re-read it. If it was something you initiated online, did you take screenshots? Did you read all the fine print? It should've all been spelled out before you accepted anything.
Is this actually a BT (balance transfer) offer? The figures you noted in your OP sound like a BT, i.e., a 2% fee and 3.99% interest. Balance transfer offers always include their duration, e.g., 12 months or 21 months. Please give us more details--or you might just want to call the bank and ask!
@Creditin wrote:It is a balance transfer offer thru checks.
I can do anything I want with them. Even deposit in my BA.
I swear on my dogs grave that it doesn't say anything else.
Althought they insinuate to call them. 1-800-696-4902.
I'm not calling. Until someone with the same offer replies.
Thank you for your replies.
Cheers.
I can understand that... because to me this is starting to sound like so kind of a scam!
If you do not need to take advantage of any BT offer thwm just disregard anything related to this off (new love of yours)!
