What is your favorite way to repay multiple loans?

nomad

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• #1

Do you have multiple loans, how are you paying your multiple loans? Currently, I do not have multiple loans, however, when I had multiple loans my best strategy was to consolidate loan for easy repayment.

 

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Bisolami

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• Jun 14, 2024

• #2

Firstly, having multiple loans is bad because you may want to pay all of them maybe after you get your salary and your money will be finished once you make the payments

 

cherry123

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• #3

if you have multiple loans to pay. You can start with paying the old debts first or you start with the ones that the interest are high

 

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Springtime

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• #4

I have never borrowed money except I took out a mortgage loan when I bought my apartment. I cannot imagine myself having multiple loans. That would be a headache to me.

 

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Passiveearner

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• #5

cherry123 said:

if you have multiple loans to pay. You can start with paying the old debts first or you start with the ones that the interest are high

Click to expand...

It can be a pretty hard thing to pay the loan back,especially when hou tend to have multiple loans. Loan management strategies may help a lot. You can always rollover loans.

 

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Stardom22

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• #6

For me l don't prefer the multiple loans. I like taking one loan at a time.

 

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Ratine

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• #7

For now l am not in the position to repay multiple loans and l only take one loan at a time.

 

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Stardom22

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• #8

For me l would start by repaying back of the smaller loans onwards. I would clear all of them promptly.

 

eldavis

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• #9

I don't have multiple loans to pay so I can't really say, but I think the best way would be to pay the oldest or the largest first.

 

Starmix

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• #10

I don't have a loan It's very crucial to have it the more if multiple. How can you pay such?

 

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King Belieal

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• #11

From where I look, getting multiple loans can be very depressing. I even think that one would not have anything to survive on if they have to payback multiple loans.

 

Shavkat

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• Jun 27, 2024

• #12

Luckily, I only had loaned from an e-wallet. As much as possible, I do not want to have multiple loans.

 

cherry123

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• #13

Passiveearner said:

It can be a pretty hard thing to pay the loan back,especially when hou tend to have multiple loans. Loan management strategies may help a lot. You can always rollover loans.

Click to expand...

Yes, it is not easy to pay back multiple loans. This is eh5 it is always good to be careful of any loans you are taking. you need to remember repayment

 

You

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• #14

I don't have multiple loans, and I'm not interested in taking on debt. Instead of juggling loan payments, I focus on building savings, investing in myself, and creating a safety net for the future.

 

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Ratine

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• #15

I would try all my level best to avoid loans at all costs for sure.

 

Cam

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• Jul 27, 2024

• #16

I would avoid having multiple loans if possible. If it's a must, then I'm prioritizing whatever loan has the higher interest rate.

 

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Sawe

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• Jul 29, 2024

• #17

I don't have multiple loans right now. If I had them, I would go for debt consolidation too. Then focus on paying back the one huge loan that I have consolidated.

 

freelancermaria

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• Aug 8, 2024

• #18

I currently do not have multiple loans. Previously, I had some credit card debt and borrowed money from my sister for my thesis. I made sure to clear the old debts first.

 

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timewo

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• #19

I have never taken any loan since I lead a frugal life, though liar government employees spread fake loan rumors to justify theft of retirement savings of private citizens without a court order.

 

Hate2Wait

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• #20

The best would be to not take any loan and in case we have for some urgent thing then we should make arrangements to pay for that without fail