again, I don't mind as long as I'm not getting shafted by interest. I plan to refi next year when my reports are clean.Īs far as CC's go the vast majority of my revolving debt is 0% 18-24 month promotions. I'd rather get GAP insurance and keep the $5k. To me it didn't make much sense to put $5k down on a new vehicle to save $50 a month in payments. My car loan is 4.49% which isn't bad considering I got a $40k vehicle for $0 down with my credit profile in the upper 600's. Getting shafted by interest is something I do mind however. I don't mind being in debt as I am still in credit rebuild mode for the next year til my BK13 falls off. I just took a new auto loan and will pay on it for 12 months and come month 13 will just pay it off. While this goes against what many here tout (and correctly) on maxmizing FICO scores I subscribe to this.
#WHEN IS QUICKEN 2015 SUPPORT TERMINATION FREE#
There are differing opinions on this and they're all valid but my view is to pay debt off as fast as I can.īeing debt free is always my #1 goal with scoring a distant second. So while i want to knock down my balance quickly to avoid large amounts of interest over the life of the loan, could paying it off too soon sink my fico score since its a loan rather than a credit card?
I have been making some large payments a few times of $600 and $700 to knock it down and then sticking to around $425 a month, when i put everything into quicken it told me my loan pay off would be July 2019, now with my payments its down to $16,300.22 and its only been like 8 months and quicken now predicts my pay off date would be August 2018 assuming min payments. What will happen if i pay my auto loan off way early?