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  • Mortgage & Loan Payment Guide: A Valuable Reference Book for Anyone Who Borrows Money


    Book (Diane Books Publishing Company)


    List Price:
    $7.00

    Price: $7.00


  • Handbook of Loan Payment Tables


    Book (McGraw-Hill Inc.,US)



  • loan payment FAQ


    It all depends on what kind of a loan you have. You could make arrangments with the bank for first payment due in 30,60,90 days six months or even one full year. You really need to look at your loan agreement and find out when or even better if you do


    It depends on the terms of the loan, usually you start making payments within 30-45 days.
    Some loans are written for annual payments, some have a delayed start date.
    You need to negotiate that as part of the loan package.


    Modern car loans from reputable financial institutions should be made with simple interest - you pay a portion of your payment is interest and a portion is principal each month. That being said, EVERY DAY THAT YOU HAVE MONEY BORROWED AT A HIGHER INTEREST


    As long as you are current on your loan, i would do as you say. once you are into the new loan pay it down if you want or better yet, just double up on your payment if the difference is enough


    paying it off early won't hurt or benefit your credit rating. if your goal with the loan is to establish or improve your credit rating it's probably better to make the monthly payments as agreed (on time!)

    the only benefit you have to paying

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