Forum Discussion
Crowe
Jul 28, 2016Explorer
If the minimum is $8K, finance that much and pay it down to your $6K target quickly.
This is what I would do, unless you are in a position where you can get an unsecured note for the $6K. Take the $8K then slap the extra $2K down on it immediately but make sure they apply it to principal. Look into a credit union and see what their rules are. You can join most for a nominal fee and they often are less restrictive with better interest rates.
This is what I would do, unless you are in a position where you can get an unsecured note for the $6K. Take the $8K then slap the extra $2K down on it immediately but make sure they apply it to principal. Look into a credit union and see what their rules are. You can join most for a nominal fee and they often are less restrictive with better interest rates.
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