I owe about $15k principal on a horrible 19% APR car loan.
I plan on paying $2k/month on top of my normal payments to pay it off in 6 months.
My credit score has recently improved so I have decent hopes of refinancing. Is it worth it if I do pay the car off in 6-12 months?
All I’d really be saving on is interest for those months for a credit score hit right? Is that worth it?
original posted by test123456plz to r/personalfinance on Mon, 15 Apr 2024 13:28:28 GMT.