2 replies to this topic

[diane.jsmith]

so ive got about 10k in the bank so far, im trying to get to 20k by next april to put a down payment on some property. i took out a car loan about 3 years ago with a high interest(something like 15%). i owe 5780.80 with payments of 289.26 a month(220 in principal, 70 in interest). ive got about 2 more years and 3 months before its payed off. should i pay off my car loan or should i just make the minimum monthly payments and continue to save? right now im saving 1k a month and putting it into saving, if i were able to pay off the car i would be able to have 1300 a month to save.

[Goldrush]

how was your car loan now? I would suggest that you pay it in full. I think there's going to be a rebate. Try to ask also the company who approved your car loan if there's a rebate.

[creditguard]

@diane.jsmith: get help from credit counseling company, credit counseling company provide help to customer to negotiation with creditors to reduce the monthly payment, credit counseling company also provide financial educational help to the customer how to manage your debt and some company also provide free tools for budgeting your monthly earning. For saving money open emergency account and submit some money every month