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Which is the fastest way to pay off a loan?

Updated: 8/16/2019
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16y ago

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The more money you pay to principle, the less interest you pay on the remaining amount. So, you want to add a few dollars to each payment against the principle. Make sure that the lender is applying the extra amount correctly. Other than that, try to reduce expenses in any areas where the bills aren't fixed amounts and send that money toward what is owed.

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16y ago
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Q: Which is the fastest way to pay off a loan?
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