So when it comes to car loans I’ve been told paying twice a month is better than opposed to making one large payment in the begging of the month but I’m confused as to why? If my min is let’s say 300 and I pay 500 in the first day of the billing cycle is the bank receiving the payment sooner compared to paying 250 in the begging and 250 at the end. They say it offsets interest too but I’m still confused as to how it offsets interest too?
Submitted July 20, 2024 at 02:40AM by melloroll2 https://ift.tt/UFZ2NGQ
