Because your emergency fund is low and it will take two months to replenish if you paid the loan off, I would leave the EF alone and pay on the loan when you can. The interest rate is high, but doesn't accumulate to much on that balance.
It's exciting that you are so close to paying it off! Congratulations!
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Should I wait to pay off or use part of my EF?
Hello!
I got some extra monies and I applied to my personal loan which has a monthly payment of $350 and it is 16.50%.
That brought the balance down to $500.53!!!!
ok, ok
I have $1500 on my EF.... Would you pay it off from there?
The other option is to wait two more months and leave my little EF alone.
What do you think?
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