2006-10-08 09:08:23 · 4 answers · asked by i3iggi3oi 1 in Business & Finance ➔ Personal Finance
Either way works, but it's easier to send one check than two.
2006-10-08 09:36:37 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Either way, anything over the minimum payment will go toward the principle. The loan is structured in such a way that if you balance is 0 before the payment schedule is complete, that translates into the amount of intrest payments that you arent making.
2006-10-08 16:27:55 · answer #2 · answered by Joe K 6 · 0⤊ 0⤋
check out your terms first, as some load penalties on for early closure. Ask for redeption figures, then you can see if they are adding more on to finnish early, if they do it might not be worth doing. By rights they should reduce the interest if you pay early.
2006-10-08 16:21:03 · answer #3 · answered by leigha 5 · 0⤊ 0⤋
Pay more on your loan every month and you will get ahead. Most places will not allow you to pay on principal unless you are paying it off. They want their intrest..
2006-10-08 16:11:19 · answer #4 · answered by Niecy 3 · 0⤊ 0⤋