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n. Illinois | The Dave Ramsey method would have you pay off the smaller loan at 3.5% and then take the payment you were paying on it and adding it to the regular payment on the 6.8% rate loan and paying the loan off quicker.
I would caution you to make sure your liquidity is solid before you do either one. If your borrowing short term operating funds look at the interest rate on it and compare it to the 3.5% rate. | |
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mysterious question
