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 i got 1 million of debt, what shall i do?, debt& financial planning

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jack2
post Nov 11 2014, 08:47 AM

Mr
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15,192 posts

Joined: Oct 2004
QUOTE(Bonescythe @ Nov 10 2014, 11:17 PM)
Never go for prepayment for bank. It is a stupid idea because you earn no interest and bank earn your interest while holding your money.
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Yes. Never go for prepayment. You earn nothing.

Better put such money into FD or the highest yield short term deposit.

Tiger suggested to pay for prepayments so no need to worry about future instalments. doh.gif doh.gif

This post has been edited by jack2: Nov 11 2014, 09:09 AM

 

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