What would you do?

[jamesong5]

We have a $2900 personal loan and have the money to pay it off $3800 would you pay it all off or just pay some and then make big payments and know it out? We are going to refinance our house in about 4 months and want that out of the way but I'm afraid to be cutting it too close without a savings of very much.

Tina

[Izzy's Mom]

If you have $3800 I would pay off the $2900 loan - good luck!

[daniedb]

I'd absolutely pay it off and use the rest as your emergency fund, and replenish the emer. fund in the next few months with whatever you can put aside from your income.

[Ruthiegirl]

:

[Attila the Honey]

I am with them, dump that debt and then you can focus the money you'd have to pay monthly on building your savings.

[ollineeba]

I agree with the others. It will feel great to pay it off!! Good luck

[cjanelles]

I'd pay it off...lose the additional interest you're paying for every day you keep that loan "open".

[annethcz]

Yup, I'd pay it off.