Should I pay off the installment loan early?

I have an installment loan. I have received some extra funds. Should I use the funds to pay off the installment loan early? Will it affect my score in a negative way?

4 Answers

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Plain Green is an illegal tribal lender!!  You owe principal only.  Follow the link in my signature line for information on how to deal with them!!!

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

Thanks. The loan is with Plain Green. Will this affect my credit score in a negative way? 


Of course you should pay more on it!!  It will save you money!!!

Who is the lender and what state do you live in???

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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