what is the smartest way to pay off a

iVillage Member
Registered: 10-25-2008
what is the smartest way to pay off a
3
Sat, 01-17-2009 - 3:03pm

debt?


“Consider calling it a challenge rather than calling it a crisis.”
iVillage Member
Registered: 11-17-2007
Sat, 01-17-2009 - 3:49pm

I am going by what my bank told me. My accounts interest is figured on the daily balance of a bill.

iVillage Member
Registered: 10-25-2008
Thu, 01-22-2009 - 11:23am

Thanks Mary Ann.

“Consider calling it a challenge rather than calling it a crisis.”
Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Thu, 01-22-2009 - 3:47pm
On a signature loan, any additional money above the $180 will go toward the principal. So if you pay $200, for example, the extra $20 will be applied to the principal, not the interest.

All my best,
Danni
cl-phocid, Debt Support Group



All my best,
Danni