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As much as possible as soon as possible. Really, the more you pay above and beyond the required monthly amount should come directly off the balance without interest. If your loan is not structured in this way, then you should refinance with a new loan that lets you pay additional amounts toward the premium whenever you want.
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∙ 15y ago
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What is the fastest way to pay off payday loans before they gain too much interest?
The fastest way to pay off a payday loan so the loan does not gain too much interest is to pay the loan in full before the due date. If you wait till the due date youll pay for every day it takes to pay the loan back youll pay intrest on that day.
Can you pay off a car loan without paying interest-?
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
If you moved to another country but still have a car loan can you refinance that loan in someone else's name?
The "someone else" needs to apply for a loan to pay off your car loan. With your loan paid off, you can sign the title over showing it free & clear. Don't sign off on the title until you know the loan is paid--or you could find that you no longer own the car but still have a loan to pay.
Car was charged off and repoed will you still have to pay the loan?
Yes.
Should you use your home equity loan to pay off your car loan?
I would need more details but in general, the answer is no. If you don't pay your car loan, you lose the car. If you get a home equity loan and can't repay it, you lose the house - big difference.
How do you get out of a used car loan?
To get out of a used car loan, pay off the loan or find someone else who will do that.
What is the fastest way to pay off payday loans before they gain too much interest?
The fastest way to pay off a payday loan so the loan does not gain too much interest is to pay the loan in full before the due date. If you wait till the due date youll pay for every day it takes to pay the loan back youll pay intrest on that day.
How do you get out of a car loan that you don't want anymore?
Pay it off, voluntary repossession, sell the car and pay it off.
Can you pay off a car loan without paying interest-?
If the total interest expense is included in the loan balance, they you'can't pay off the car without paying interest.
Do you have to pay off the car loan if you have totaled the car?
Yes, if your insurance company will not pay it all.
Can you trade in a loan car?
Yes. You must pay off the loan with the proceeds, and pay the difference if the proceeds are less than the loan.
What happens if you don't pay off your car title loan?
they take your car
How long does it take to pay off a car loan at average interest rate?
The time it takes to pay off a car loan with an average interest rate depends on many factors such as the type, cost, and mileage of the car. The average to pay off a car loan for a new car is generally about 5 years, give or take the model of the vehicle.
How can I take my name off a straw purchase on a car loan?
If you co-signed a car loan you can't take your name off the loan. If you co-sign for someone with no credit or poor credit you are promising to pay off the loan if they don't. The only way to get your name off the loan is to pay it off or have the borrower refinance the loan in their own name.
How do you get out of a car loan?
You must know that it is legal obligation to pay off a car loan. To get out of a car loan, make regular payments. If doing so is becoming difficult for you, then you can sell your car and pay off your loan. Here, there would be problem if you have upside down loan. If your higher monthly payments are making things difficult for you, you can refinance your car.
Do you have to pay off the car loan if you total the car?
Yes. Hopefully the car is insured, and the insurance money recieved will cover the loan of the car.
Does a car loan go away after time?
Yes. When you pay off the loan, then it goes away.
