Have you had a High Interest Personal Loan? What was your pay off strategy?
I have a high interest personal loan from Citibank due to bad credit. No matter what amount i make in payments it seems that most of it goes to interest. What is the best payment strategy to get it payed off the quickest? One big payment every month? Or multiple small payments. There is no pre payment penalty. The loan balance is around 10K with a 23% interest rate.
Thanks in advance!