Which loan should you try to pay off the most quickly?

Which loan should you try to pay off the most quickly?

TechTablets Forums General General Discussion Which loan should you try to pay off the most quickly?

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  • #224785
    KUPLINOV11
    Participant
    • Posts: 42

    From a pure numbers perspective, the one with the highest interest or finance charges should be paid off first. This allows you to ultimately pay things off quicker and save the most money.

    #225140
    Karl Bond
    Participant
    • Posts: 71

    In fact, it’s better to have a maximum of one or two loans simultaneously. In general, if it still happened that you have several of them, then I agree with the user above. Pay first with the one that has the highest interest or other special terms to save yourself from overspending. However, if you are still overdue for the loan (this, unfortunately, also happens) or don’t have the possibility to pay all loans on time, then don’t despair. Fortunately, today there are companies that can help you with a small loan even with a bad credit history. You can read more at https://www.first-federal.com/bad-credit-loans-in-michigan. However, always be careful, choose only reliable companies, and read the contract and conditions before signing.

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