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Originally Posted by Big G
I'm already paying more then is currently due each month on the loans. My loan amounts per month are:
1. $150 (should only be paying $140)
2. $155 (should only be paying $150)
3. $325 (should only be paying $320) This one is a variable rate so the amount due keeps changing.
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What are the interest rates on these loans? Instead of paying a little extra on each loan, why not focus all of the extra money on the loan with the highest interest rate?