Top 4 Tips for Early Payoff
If you’re like most Americans, you owe money on a large loan. Whether that’s credit card debt, a mortgage and/or a car loan, loan debt is part of your life. And that means you’re typically looking at hundreds of dollars in interest over the life of the loan, plus the mental load of knowing you’ll be paying on the debt for years to come.
Did you know there are simple tricks you can employ to lighten the load? With a carefully applied technique, you can pay off your mortgage, auto loan, credit card debt or any other debt you’re carrying sooner than you may have thought possible.
These tricks are light on your finances, but they can make a big impact in the total interest you’ll pay over the life of the loan and get you debt-free faster.
1. Make bi-weekly payments
2. Round up your payments
3. Make one extra payment each year
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