I am halfway through a 72-month auto loan with an interest rate of 2.49%. I have enough money to pay it off while protecting my emergency fund, in a credit union savings account whose interest rate is currently 2.667%. For purely psychological reasons I'd love to pay this off and be 100% debt-free.
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Auto loan with interest rate below savings account. Am I a bank now? | Forum
max
Jan 25 '23
I was in a new relationship. My girlfriend was a stylist and dreamed of opening her own beauty salon. I decided to support my beloved and together with her I took a loan to rent and repair the premises. From there it all escalated: we decided that since things were going well, we could take out several more loans and buy new phones of the latest models. Our lifestyle called for a lot of spending. We started living the high life. We ate out in restaurants, bought cooked food, went on vacations. I had a whole list of loans, the monthly payments were getting bigger and bigger, and it was getting harder and harder to pay them off. So I had to go to Credit Associates to at least sort out my debts. At first I didn't believe they weren't fraudulent and wondered www.credit9.com But then I became convinced that all was well with them. I recommend them to everyone!
The Forum post is edited by max Jan 25 '23
