Any time I sign up for a loan the first thing I ask is if there is an early pay off penalty. If there is then I won't sign. That's a big deal for me. It's kind of hard to believe there are loans out there that do penalize you. The rich just find ways to get richer I guess.
You are viewing a single comment's thread from:
It is a strange concept really. They should be wanting you to try to pay the loan early, knowing most will fail and they will make more. Plus, paying off one loan can lead to the next loan.
Yeah for sure. It's been pretty rare that I have come across one that has a penalty, but like I said, if it does that is a deal breaker for me.