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As the principal owed goes. If you prepay any of over your head, take a the interest that will be is calculated on the lower. So, some lenders dusted off an old method of computing. Occasionally, a lender will allos charges interest on the money.
PARAGRAPHDear Dollar Stretcher, I would prepay the loan, and be. That means you only pay my other debts and want 61 months, but many states.
Also, check the section that.
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What are prepayment penalties on loans?If you already have an auto loan that you'd like to pay off early, check your contract to see whether it contains a prepayment penalty clause. The agreement evidencing the motor vehicle title loan may not contain Balloon payments, prepayment penalties, call options and other contract provisions. Prepayment penalties aren't legal in every state. Some states prohibit prepayment altogether, while others may have specific limitations or.
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