case: (Default)
Case ([personal profile] case) wrote in [community profile] fandomsecrets2017-01-23 06:40 pm

[ SECRET POST #3674 ]


⌈ Secret Post #3673 ⌋

Warning: Some secrets are NOT worksafe and may contain SPOILERS.

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Notes:

Secrets Left to Post: 02 pages, 32 secrets from Secret Submission Post #525.
Secrets Not Posted: [ 0 - broken links ], [ 0 - not!secrets ], [ 0 - not!fandom ], [ 0 - too big ], [ 0 - repeat ].
Current Secret Submissions Post: here.
Suggestions, comments, and concerns should go here.

Re: Advice Thread

(Anonymous) 2017-01-24 12:27 am (UTC)(link)
Can you calculate the savings of one vs the other? It sounds like paying towards the one with the higher interest rate might be the better option but it might not be. The smaller interest rate loan could continue to follow you for longer than it needs to while you you're still chipping away at the big one. Getting rid of one altogether might save you in the long run.
kaijinscendre: (Default)

Re: Advice Thread

[personal profile] kaijinscendre 2017-01-24 12:39 am (UTC)(link)
I am going to do that this weekend! But I hate math so it won't be fun.

Re: Advice Thread

(Anonymous) 2017-01-24 12:56 am (UTC)(link)
I feel your pain. If paying towards the higher interest rate loan would significantly reduce the time you carry the loan, go for that one. If it's only a few months, kill the smaller loan entirely. It will make a greater impact on the other loan overall and boost your credit.

Re: Advice Thread

(Anonymous) 2017-01-24 02:30 am (UTC)(link)
This: http://www.bankrate.com/calculators/auto/early-payment-payoff-calculator.aspx or a similar calculator might help you.
kaijinscendre: (Default)

Re: Advice Thread

[personal profile] kaijinscendre 2017-01-24 02:32 am (UTC)(link)
Thank you!