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re: Need advice re: car payment with high interest rate**UPDATE on page 3**

Posted on 7/18/13 at 8:27 am to
Posted by King of New Orleans
In front of The Hungry Tiger
Member since Jul 2011
9946 posts
Posted on 7/18/13 at 8:27 am to
Bubbz, YGM
Posted by MTG325
Shreveport, LA.
Member since Oct 2011
406 posts
Posted on 7/18/13 at 5:02 pm to
I think if it is a simple interest loan, after you pay a full note, two weeks later pay half the note, the interest will apply to that payment. Two weeks later pay the other half or more and that one applies to the principal. I hear this cuts the interest in half and you pay it off quicker. I have not tried this, only heard about it, anyone know if this is true.
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