What is the difference between my settlement figure and my outstanding balance?

This can be a confusing issue, but basically your total outstanding balance is the entire amount you have left to pay (Total Amount Payable – Paid to Date) whereas your settlement figure is calculated to include a rebate for paying early, which reduces the total. If want to find out more, you can always drop us an email at customerservices@oodlefinance.com and we’ll be happy to explain this further.