Question about paying off a personal loan early

A place to discuss anything... except credit cards!
11 posts
TXviking
Centurion Member
Centurion Member
 
Posts: 431
Joined: Fri Apr 15, 2016 5:46 pm
Location: Palm Beach, Florida

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.


Return to “The Lounge”

Who is online

Users browsing this forum: No registered users and 3 guests