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Paying off loan too early right or wrong?
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[QUOTE="Augusta, post: 250387, member: 25283"] You got the point exactly, paying back a loan earlier than expected is a good one as you would doing yourself good than bad. There are some great benefits that comes with this action especially if you were given the promise of leaser interest rate when you make your repayment as swift as possible. The truth is even getting some dollars off your initial payment repayment amount is a good saving strategy. You would be getting free money that you would have still paid off if you take the step of making your repayment available as early as possible. Another good thing is that you would have your peace of mind in no time. There's always something about owing anybody let alone an institution that wouldn't spare you if you can't pay back your Owings. So finishing on time means enjoying your peace as early as possible too. Like you rightly stated when one is able to do the needful as early as possible then you are showing some good level of credibility and integrity for future help without delay. Financial institutions especially banks keep records of this perfectly so that the next one will either be tough or very mild for a customer. if you had comply as early as possible you would get swift help. [/QUOTE]
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Paying off loan too early right or wrong?
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