Quote:
Originally Posted by AaliyahLove
LOL! Why didn't I think of that?! 
It's not that I don't HAVE the $5k, I'd just be really sad to hand over that much of my hard earned $ to these douchebags.. But I guess in the long run if I paid it all off at once I would be paying them a lot less.. sigh.. |
If you have the spare money it really doesn't make sense to not pay off the loan. The loan is costing you money, close to double its initial worth through its lifetime. If you have the money, and your money isn't making you a higher percentage of interest elsewhere, pay it off. Of course this doesn't include your emergency fund... don't dip into that.
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