04-28-2023, 01:54 AM
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.