contestada

5. The infographic suggests making small payments on your student loans even before they’re due, yet that won’t automatically get you a credit card. What would be the benefit of making these early loan payments?

Respuesta :

The more early a loan payment is done, the less extra interest amount we will have to pay. Plus, we can take additional loan and stay stress free.

What are the benefits of early loan payments?

The benefits of early loan payments are:

  • The more you delay loan payment, the more interest accumulates, making you pay more.
  • The earliar you complete your loan, the better for your financial status.
  • You can then take up additional loans once you get free from the previous loan.
  • The credit score will improve too.

Thus, the more early a loan payment is done, the less extra interest amount we will have to pay. Plus, we can take additional loan and stay stress free.

Learn more about early loan payments here:

https://brainly.com/question/26130436

Otras preguntas