Where does the interest go if you pay off a loan early?

Would someone loan me $2000 to pay off a debt to a person? I would pay back with interest and make monthly payments. Banks just go by your credit score, but I'm giving my word, which I think is more valueable.

  • Answer:

    Why don't you just tell the person you already owe the money to that you will make monthly payments with interest? Problem solved!

Samantha at Answerbag.com Visit the source

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Other answers

i will forward you a application form to complete return it with a $25.00 non refundale fee,i will have a reply within 15 min.

Ron-T

LOL Yup cause a bank really cares about people :P. No I wont lend you money.

yummy_mummy

Hey it was worth a shot on my end. the worst that you guys could have said is no. And I am an honest person, just have been messed around with financial by friends. Which is why I am now the one in trouble.

Samantha

Sorry, but money talks and BS walks. You may be the most reliable person on the planet, but only a Loan Shark would loan you this money. This is way it only works in todays world.

john pennington

Someone will loan you the money. On a legal pad, explain why you owe the money, show your sources of income, make a list of personal effects you can use as collateral, write out a repayment schedule, show the interest rate you are willing to pay. Take the sheet to your best friend and they will help you get the loan.

Lucky

LOL, I hope you have a plan B.

August West

LMAO ROTFL!!!

scorpiolove

No.

slothmister

Depends honestly, how well can i trust you? how do i know you pay me back? I would hate to drive across country to find you, and demand payments. Depends though, i would if i knew you better honestly

trps1001

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