Are You Overpaying on Your Installment Loan?
Are You Overpaying on Your Installment Loan? It’s rarely obvious that you’re overpaying on an installment loan, as the payment deducts each month automatically. Unless you compare it to what else is out there, nothing tells you to check. A 1- to 2-percentage-point difference in APR sounds small. But on a $1,000 to $2,000 loan …