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		<title>BDC: Paying the Principal</title>
		<link>https://bahua.com/a/fAja</link>
		<description>All responses and updates to "Paying the Principal"</description>
		<pubDate>Thu, 17 May 2007 13:45:56 -0600</pubDate>
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			<title>ck at Thu, 17 May 2007 14:38:16 -0600</title>
			<link>https://bahua.com/a/fAja</link>
			<description><![CDATA[Were you charged any fees bc you skipped a month of car payments? How much did your overall balance increase due to interest that accrued during the month you didn't make your car payment? Further discussion - http://www.consumerist.com/consumer/lending/volkswagen-why-not-skip-a-payment-217946.php<br><br>
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			<pubDate>Thu, 17 May 2007 14:38:16 -0600</pubDate>
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			<title>bahua at Thu, 17 May 2007 15:28:27 -0600</title>
			<link>https://bahua.com/a/fAja</link>
			<description><![CDATA[As a matter of course, I pay my car payment almost a month early, so when the two-month payment was remitted, it was always received in time to avoid penalties. That has worked out well.<br><br>
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			<pubDate>Thu, 17 May 2007 15:28:27 -0600</pubDate>
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			<title>TEEN at Thu, 17 May 2007 21:49:46 -0600</title>
			<link>https://bahua.com/a/fAja</link>
			<description><![CDATA[BORING<br><br>
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			<pubDate>Thu, 17 May 2007 21:49:46 -0600</pubDate>
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			<title>Brian at Fri, 18 May 2007 08:33:13 -0600</title>
			<link>https://bahua.com/a/fAja</link>
			<description><![CDATA[For pretty much any loan payment (student loans work differently sometimes), the first dollars of each payment go towards accrued interest. Interest accrues every day, so there's always interest to pay off. Anything else, of course, go straight to the principal. Usually loan payment schedules are designed so that you're paying just a little over the accrued interest at first, so you're barely attacking the principal early in the payoff. You pay just enough so that they get all that interest payment. Paying more is usually a very wise financial decision, because you get quite the bang/buck ratio on your overpayment dollars.<br><br>

Mortgages can be different, or so I hear. I've heard of mortgages where you are penalized for overpaying. They want you to pay the minimum and no more, thank you very much. Before you start overpaying your mortgage, be sure you don't have one of those. Otherwise, dump the money on, as you see fit. :)<br><br>
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			<pubDate>Fri, 18 May 2007 08:33:13 -0600</pubDate>
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			<title>Jeff at Fri, 18 May 2007 09:48:51 -0600</title>
			<link>https://bahua.com/a/fAja</link>
			<description><![CDATA[Brian is right--check on that before paying more.<br><br>

If that's the case, just dump more in to your 401(k), IRA, brewery or whatever.<br><br>
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			<pubDate>Fri, 18 May 2007 09:48:51 -0600</pubDate>
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			<title>bahua at Fri, 18 May 2007 14:31:57 -0600</title>
			<link>https://bahua.com/a/fAja</link>
			<description><![CDATA[I talked to the dude at the bank. All is well, and I can downpay all I want.<br><br>
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			<pubDate>Fri, 18 May 2007 14:31:57 -0600</pubDate>
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