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2. 5 Strategies for Paying Off Car Loan Early - AOL

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

   You can pay off your car loan early using several effective strategies, but before you do, consider any potential penalties and effects to your credit score. ... (five-year) loans. Car Loan ...

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

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

   However, if you can afford to consistently pay $200 more per month, your total interest for the loan would come out to $2,493 — an overall savings of $1,553. 4. Improve your credit score

4. What is Rule of 78 and how can it impact loans? - AOL

   www.aol.com/finance/rule-78-impact-loans...

   Using the Rule of 78, a $5,000 personal loan with an interest rate of 11 percent over 48 months and a $150/mo payment would incur an interest charge of $89.80 in the first month.

5. Rule of 78s - Wikipedia

   en.wikipedia.org/wiki/Rule_of_78s

   A loan of $3000 can be broken into three $1000 payments, and a total interest of $60 into six. During the first month of the loan, the borrower has use of all three $1000 (3/3) amounts. Hence the borrower should pay three of the $10 interest fees. At the end of the month, the borrower pays back one $1000 and the $30 interest.

6. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   Prepayment is the early repayment of a loan by a borrower, in part (commonly known as a curtailment) or in full, often as a result of optional refinancing to take advantage of lower interest rates. [ 1 ]

7. Mortgage acceleration - Wikipedia

   en.wikipedia.org/wiki/Mortgage_acceleration

   Mortgage acceleration is the practice of paying off a mortgage loan faster than required by terms of the mortgage agreement. As interest on mortgages is compounded, early payments diminish the period needed to pay off the mortgage, and avoid a quotient of compounded interest. [1]