Gdetrailer wrote:
While I have mentioned that, I have run into a pretty persistent bunch of folks here that always continually point out that there is no need to specifically state how the extra money is to be applied. They insist it is done automatically (which is not always the case, but you can't argue with them).
You can get an argument on here about the color of mustard. I threw a few extra dollars at an installment loan and discovered that the principal did not go down but that my next payment was not due until next April. Since then, I stipulate "Principal" for any non scheduled payments. The only reason I asked is that DownTheAvenue made it sound "Tricky".
