3 benefits of paying off my car loan I didn’t see coming
|10/18/2019||Posted by BusinessMediaguide.Com under General World News||
- 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.