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Paying off loan early
Post Body
I'm tryna get my finances together in order to get a loan for a home. I have two personal loans out, that I can afford to pay off entirely. I'm not sure how much time I have left on both, but I do know that neither has a prepayment fee for finishing the loan early.
I also have about 12,000 in credit card debt that I don't have enough to close out early. I'm curious if paying off my two loans is more beneficial to me or paying off my credit card debt instead.
Interest rates are Credit Cards all higher usually around 22-24%. I have a loan at 29% and one at 8%.
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4 years
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Profile updated: 17 hours ago
Posts updated: 1 year ago
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- Posted
- 4 years ago
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- reddit.com/r/personalfin...