Jump to content
Sign in to follow this  
  • entries
    48
  • comments
    6
  • views
    252

Starting on the Car!

Chérie

63 views

I called my lender for the car to see what the process is for applying a payment to the principal amount (since I'll be doing that A LOT moving forward). 

Apparently, I have to call them 2 days after making the payment so that it posts to the account and they can apply the amount I want to the principal. I guess I'll be calling them every two weeks! 

We are on AutoPay that just pulls the regular monthly total, no matter what ($284.98). I guess we must've paid extra a while back because the amount due was only $184.86. So, I requested that the extra $100.02 go to Principal and it was done!! That's the first time I've ever requested that. 

Before starting this journey, we used to just send in extra payments without realizing that the money was going towards the next month's payment instead of to the principal. Thank God we've learned!!!

Cheers to more principal-only payments! 

  • Like 1


0 Comments


Recommended Comments

There are no comments to display.

Guest
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...