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Many loans you have to be careful that you don't pay them like that. If you don't specify that you're paying down principal with the extra, it just goes toward
by bluedino 7y ago
Many loans you have to be careful that you don't pay them like that. If you don't specify that you're paying down principal with the extra, it just goes toward next month's payment. So next month you might only owe $50 instead of $500.