Tips for Rapidly Paying Off Personal Loans

Reported 2 days ago

To pay off a personal loan faster, consider making extra payments, finding a side job, tightening your budget, or refinancing. Before committing funds, check for any prepayment penalties and assess your financial situation. Strategies like bi-weekly payments or allocating bonuses/tax refunds can significantly reduce interest costs. Each method has its own benefits and challenges, so choose based on your established budget and savings.

Source: YAHOO

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