She is a regular contributor to Career Tool Belt and Career Cloud. You may have heard that paying off a loan early can save you money in interest and lower your debt-to-income (DTI) ratio — and ...

Many consumers in debt only dream of paying off their loans early and how freeing it would feel to finally do so. But what if paying off a loan early could hurt your credit? Would you be as inclined ...

If that’s you, then congrats: That fire to pay off your student loans early can be a powerful motivator to help you succeed. But you might still be wondering, should I pay off my student loans?

So it seems obvious that paying off your personal loan early would be a good idea — but not so fast. Below, CNBC Select breaks down why personal loans are different from other types of debt and ...

It may not have been reviewed, commissioned or otherwise endorsed by any of our network partners. Paying off a loan early has many benefits, like helping you save money on interest and improving your ...

Paying off a loan early could save you money on future repayments, but half of all personal loans have early repayment charges (ERCs) attached. Whether you have a personal loan, or are looking to take ...

Whether to pay off a car loan early depends on your budget, your loan’s interest rate and your other financial goals. Generally, you should pay off your car loan early if you don’t have other ...

Paying off your mortgage early in full within the first couple of years can trigger a prepayment penalty equal to up to 3% of your outstanding balance. If your loan amount is $300,000, that could ...

If you pay off your car loan early, you can save money on the total cost of the loan as you reduce the amount of interest you pay. However, there are also downsides to consider with paying off ...

keep reading to learn some of the pros and cons of paying off early, plus some strategies you can use to pay off your home loan. Since interest only applies to your current loan balance ...