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+--- Thread: Do you try to pay your loans back as soon as possible? (/showthread.php?tid=122)
Do you try to pay your loans back as soon as possible? - Shortie - 01-27-2023
There will always be a time when someone has to take out a loan whether it be to pay for something, to start up a business or for other reasons, you will more than likely take out a loan at some point in your life.
When you take out a loan, do you try and pay back the loan as fast as you can or do you pay it off at the minimum payment everytime you owe a payment?
RE: Do you try to pay your loans back as soon as possible? - Ravenfreak - 04-28-2023
Any time I would have to take a loan out, I would definitely try my hardest to pay it back immediately. If you put it off, the interest rates will continue to go up and you'll eventually be paying more than what you asked for in the loan. However, when I was taking out personal loans I was struggling with money and could only pay it in small increments... It took my spouse and I a few years to pay them all off and this was with the help of my in laws.