Can I payoff my loan via principal only payment? I have a 2020 Toyota Camry SE with 8,416.53 remaining as the payoff. I have my regular payment 418.16 due 7/9 but wanted to know if I can do the principal only payment for 8,416.35 online right now to avoid making the regular monthly payment? Im not excited about mailing in the cashier’s check express because last time I mailed a payoff, it got …

Auto Loan Refinance help Hi all and thanks in advance, Im younger currently have a 765 FICO have a car loan at a %9.60 and $489 payment since last June. I’ve paid every payment above the minimum and on time. Should also be principal only. I had a 700 score when I got the car but light history. Recently I’ve gotten different offers to refinance. I think something around…

Should I pay off car loan? I owe about 17k on the loan. The interest costs $3.66/day. I will have the cash to pay it off soon. Have an emergency fund already. What’s the wise move here? It seems the interest rate is 7.59% which is higher than what the money earns in a HYSA, so seems like I should pay it off and own the car free and clear. Am I missing something? su…

Is it worth is to refinance my car loan at a rate 2.9% lower? Current loan status: 36 monthly payments left and interest is 8.39%. Current monthly payments are $445, but I’m two years ahead of schedule. Amount left on loan is $10,530.84 Terms offered for refinanced loan: 37 month loan at 5.49%. Monthly payments would be $314.88 and the new loan amount is $10,690.19. The catch here is that either way I plan…

When should I pay off Car Loan I recently bought a new car with $23k financed at 3.9% over 4 years. I recently came into a chunk of money that I could put towards this. Should I? Or should this money be invested in the market? submitted by /u/Spare-Instruction-81

3.3% 14k student loan – pay it off or invest? I recently graduated from college with 14k in federal unsub student loans, with only $350 in interest thanks to the 0% interest rate for most of my time at college. I will soon start a well paying job and I could use the sign on bonus to immediately pay off my loans. Here’s a detailed breakdown of them: Federal direct unsub 1: IR: 2.75% Princi…

First ever car loan and I’m afraid I got a precomputed loan thru chase So I bought my first first ever car and I read the federal truth in lending and it mentions the finance charge and number of months.does that mean I have a precomputed interest loan? Or would that be under a different document? I financed thru chase and was paying off car early but I’m afraid I got a precomputed interest. How rare are precompute…

Student loan collections debt My wife had a small student loan go to collections. Around $2,700. They wanted her to pay a certain amount monthly but she can’t afford to do it. She has been giving them $25 a month for a few months. Are there any negative effects from only giving $25 a month? submitted by /u/Ruthlessness8

Paying car loan early What is the pros and cons of paying off my car loan ? Interest rate is at 2.7% and 6k left to pay 12 months left. submitted by /u/Hot-Link-3063

Pay off home loan and vehicle or choose between Hello, short and sweet, I have a home loan from last year that is approx 105,000 dollars and a truck loan that is 16500 dollars. These loans are at 8.3 and 5.3 percent interest. Next year I will have around 120k in a CD account that is at 4.8 percent interest. What should I do to maximize my future savings ? I was thinking about just paying the …

Should I go for the vehicle loan – no credit Here’s the situation – I have never had a credit card or any other form of a loan so my credit score is 0. I am 23 years old and starting a new job on 7/8 and will be making $79,000 in central illinois. The car that I have is a 2011 ford fusion with about 165k miles on it. Problem is the AC doesn’t really work all that well. Right now I have 40k…

Should We Pay Off Car Loan? I’ve been thinking of paying off entire car loan and can’t really see why not. My wife and I owe about $30K on a car loan at 6.69% over 2.5 years. We have no other debt worth paying off and sitting on $70k of cash in a hysa planned to use for down payment on a house we plan to buy in ~4 years. The house down payment goal was only $100k and we ha…

Can’t refinance personal loan In the US, with a 760 credit but I can’t find any lender to refinance a 30k unsecured loan at 17% – what gives? Is this the standard rate for unsecured personal loans these days? Thanks! submitted by /u/Sensitive-Hope3472

Car loan unpaided (not mine) Reddit users I need advice. It’s not my loan but someone else’s. Basically she paided some on the car loan then quit paying. She still has the car they haven’t repossessed it. Hasn’t paided in over 6 months. She wants to just pay the loan off in full without penalties. Is the possible? Also I know this is not something anyone should do. Just adv…

Short term loan for home sale prep? Prepping to sell home (550K est sale w/450K+ equity). Looking for best loan options to finance about $25K in updates/repairs prior to listing. HELOC rates high (prime+); so is 36-60 month personal loan best option (6-7%) if there’s no penalty for early payoff which I’ll do immediately after closing. Credit score 843. submitted by /u/cinc…

How much faster can I pay off this personal loan? I’m young and new to loans and stuff, I tried doing the math myself but I don’t think I did it right lol. Any help is appreciated. Personal loan: $4,500 APR % rate: 16.35% Term length: 36 months Comes out to me paying $5,767.02 after the 36 months. Paying an extra $1,267.02 doesn’t sound appealing to me, I had no choice but to pull out the loan …

Auto loan at 6.5% or pay cash My wife and I are new to the US and were given a pre-approval for a 6.5% auto loan rate. While we have enough to pay cash (the loan is $25k), I’ve also read that for short term auto loans, you essentially pay half the interest over its lifetime for short (

Taking out a bank loan to pay off multiple debts? My fiancee and I are about $8300 in debt from various things. Some interest rates are rather high interest rates (lowest is 28%, highest is 36%). I am approved for a $9000 loan from my credit union, 48 months, $253 a month at 15.49%. I make $52,1000/yr and she makes $45,500. Take home is around $1500 for me every two weeks and $1300ish for her e…

Auto loan payments not reflected in remaining balance I have never in my life financed a vehicle. After an accident totaling my last vehicle last year, I finally had to make that step. Unfortunately, interest rates were incredibly high and I ended up with an 8.32% rate. I’ve paid for a year on a $22K loan. My payments are set at $395 a month. After checking on the amount I still owe, I’m told $19,…

Where to get a loan for 4k My dog swallowed a bone (neighbor) and the vet is recommending surgery. I have terrible credit (510) and need a loan very soon otherwise my dog risks internal injury. I maxed out on my care credit and don’t qualify for scratch pay. What can I do? submitted by /u/Mundane-Wall7220