What are the cost and benefits of taking longer to pay off a loan ?

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asked Feb 4, 2019 113k views

2 Answers

Sean Newell · Answer 1 · 2019-02-06T17:24:31+0000

Answer:

The main plus to paying off debt early is that you no longer have to fork over money to a lender; you'll now have extra money to spend on other things. You can also potentially save a lot in interest payments.

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Ekta · Answer 2 · 2019-02-09T23:57:29+0000

The main plus to paying off debt early is that you no longer have to fork over money to a lender; you'll now have extra money to spend on other things. You can also potentially save a lot in interest payments.

What are the cost and benefits of taking longer to pay off a loan ?

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