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  2. How to pay off a personal loan faster - AOL

    www.aol.com/finance/pay-off-personal-loan-faster...

    Key takeaways. Making extra payments or picking up a side job are effective ways to pay off a personal loan faster. Tightening your budget or refinancing your loan can also help with early payoff.

  3. 5 Strategies for Paying Off Car Loan Early - AOL

    www.aol.com/5-strategies-paying-off-car...

    Here are some other reasons not to pay off your car loan early: Lack of emergency savings. Bankrate reported early in 2021 that most Americans could not afford a $1,000 emergency.

  4. Paying off debt early: Advantages and disadvantages - AOL

    www.aol.com/finance/paying-off-debt-early...

    For example, if you have a $20,000 personal loan with a five-year term and 7.5 percent APR, the monthly payment would be $401. Over the entire course of the loan, you’d pay a total of $4,046 in ...

  5. Rule of 78s - Wikipedia

    en.wikipedia.org/wiki/Rule_of_78s

    Also known as the "Sum of the Digits" method, the Rule of 78s is a term used in lending that refers to a method of yearly interest calculation. The name comes from the total number of months' interest that is being calculated in a year (the first month is 1 month's interest, whereas the second month contains 2 months' interest, etc.).

  6. Should you pay off your car loan early? - AOL

    www.aol.com/finance/pay-off-car-loan-early...

    That extra amount should go directly toward the principal, especially if you specify that intention when you make your payment. Use an auto loan early payoff calculator to find out how much you ...

  7. 4 Ways To Pay Off Your Car Loan in 12 Months - AOL

    www.aol.com/pay-off-car-loan-12-220011538.html

    One strategy for paying off your loan early is to cut your payment in half and pay 50% of your monthly tab every two weeks. This will give you 26 half-payments per year, which is 13 monthly ...