ConfusedToo Posted May 23, 2007 Report Share Posted May 23, 2007 I got a personal signature loan for $1000, at 9.9% for 12 months. I am curious as how to handle repayment. I can pay it off quickly, pay it down to half and let the rest ride on monthly payments, or just pay it monthly.Which would look better on CR? Or does it really make any difference? Link to comment Share on other sites More sharing options...
UNCForest Posted May 23, 2007 Report Share Posted May 23, 2007 Ive heard pay half, then rest monthly. Ive also heard it doesnt matter. Link to comment Share on other sites More sharing options...
bigjohnstud4200 Posted May 24, 2007 Report Share Posted May 24, 2007 I think ideally, paying off 70% of it would be idea, but I'm not sure if that rule is just for revolving accounts or what.. Hopefully someone can chime in. Link to comment Share on other sites More sharing options...
ConfusedToo Posted May 24, 2007 Author Report Share Posted May 24, 2007 I was thinking of repaying $200 with the rebates I'm getting from the item I bought, then paying around $40 a month extra, which would mean I am paying $120/mo. and paid off in 7-8 mo. Link to comment Share on other sites More sharing options...
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