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3 benefits of paying off my car loan I didn’t see coming

laura dunn car loan

  • After I totaled my car in 2014, I entered into a $16,000, six-year loan on a used Honda Civic with a $259.26 payment and 5.59% interest.
  • I paid it off a year ahead of schedule, and immediately noticed three benefits I hadn’t expected.
  • I was able to put more money toward my credit card debt every month, I wasn’t tied to my car insurance any longer and could opt for another plan with a lower rate, and I saw my credit score tick up.
  • personal finance coverage.

For the first eight months of my job in Palm Beach, I commuted read more >>>

Source:: BusinessInsider.Com