Saturday, February 15, 2014

Loan Repayments

With the news that interest rates are not to go up for a while it can be tempting to not worry much about your debts. However, while the interest on debts is low, it is an ideal opportunity to start paying back more than you have to, while you can afford it. If you can repay a significant chunk of what you owe before the rates go up, then you will not have to be so worried when they do. It is better to do this than treat yourself as you may regret it when the rates rise and you struggle to meet the repayments.

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