Get Started for a Free Consultation!


Debt Destroy

A Question About A Personal Loan


beautyqueen26 Rep Points: 6,185
Posted on March 26, 2009 at 11:41 am
I'm going to second the answer above and say check into to seeing if there are any pre-pay penalties. If you find that you can effectively prepay your loan then do so. You can simply send an extra $10 payment weekly and you'll keep the interest from adding up too quickly.  

aizjane Rep Points: 1,290
Posted on March 27, 2009 at 11:32 pm
I have just loan a personal loan last year and I still have @ years and half to complete the payment of the said amount. But if I have the money to fully paid my loan there is a rebates. The interst would be lesser. The only amount that I will pay is for example at the end of April I will complete the full payment there would be rebates, the intire interest for the other year is not included.

beautyqueen26 Rep Points: 6,185
Posted on March 28, 2009 at 9:57 am
Awhile back, I paid extra on our car loan every month and paid it off a few months early.  That was good timing cause my spouse lost his job around the same time.

woolford16 Rep Points: 2,160
Posted on April 1, 2009 at 5:12 am
i didn't know anything about this but now i know everything thanks guys