Question about paying off a personal loan early

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Re: Question about paying off a personal loan early

Postby TXviking » Wed May 17, 2017 12:20 am

At this point, credit-wise, it won't make much of a difference. August 2017 is not that far away. Waiting until August will cost you a little bit of interest and will add a few more months of history to your credit. Paying it off immediately is the opposite compromise. Either way, with merely a few months, neither the difference in interest nor the difference in credit score impact is likely to be significant.

In short, don't overthink it.

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