I have the money to pay off my car. I have a loan on it that lasts to august, should i pay it off early, or wait till august, or does it matter?
2007-02-11 13:50:50 · 5 answers · asked by ninethirteen81 2 in Business & Finance ➔ Credit
Pay it off early if you've been paying in a timely manner & you have good credit. You'll save some money in interest that way. . If you've been late on payments, use this time to make payments on time for a little more than the required payment. It will help build your credit with several months of on time/over minimum payments.
2007-02-11 13:56:34 · answer #1 · answered by Deb C 2 · 2⤊ 0⤋
It depends on the loan. It depends on the amount that is still outstanding. I say if you have until August, pay it off early. Especially if you have made all the payments regularly until now.
2007-02-11 13:59:16 · answer #2 · answered by hcps_boxer 3 · 0⤊ 0⤋
Pay it early.
2007-02-11 13:54:14 · answer #3 · answered by kb 2 · 0⤊ 0⤋
Deb C is on the money perfect answer!
2007-02-11 13:59:45 · answer #4 · answered by renzbenton 3 · 0⤊ 0⤋
pay off early--save interest..
as long as acct is open--credit is reflect--good...
if pmts were made timely...
2007-02-11 14:01:24 · answer #5 · answered by cork 7 · 0⤊ 0⤋