The Age Old Question: Should You Pay Off Debt or Save?
Penny Pinchin' Mom
DECEMBER 17, 2023
When Your Loan Terms Include Prepayment Penalties Before you decide to pay off the loan early, you should review your loan contract with a fine tooth comb. If there is such a clause, you should compare the amount payable to what you are about to save from interest to determine if paying off the debt is an overall gain or loss.
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