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payment method

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oliry Guest 0.10 Dollars($)	Posted: Fri May 26, 2006 12:43 pm    Post subject: payment method Is it beneficial to send half the monthly payment at the beginning of the month and the other half at the end ? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
new-guest Guest 0.10 Dollars($)	Posted: Fri May 26, 2006 1:13 pm    Post subject: Hi, In my opinion it is not beneficial to send the lender the payment in two halves, first the lender will not accept your payment since it is not the full amount, second they are not set up to accept payments in that manner.
oliry Guest 0.10 Dollars($)	Posted: Fri May 26, 2006 1:35 pm    Post subject: Hi, Another thing, some companies say for a fee they will arrange a double payment program for me, is it good ?
jameshogg Joined: 20 Dec 2005 Posts: 1514 Location: nevada 210.98 Dollars($)	Posted: Fri May 26, 2006 2:17 pm    Post subject: Hi Oliry, I do not think it is a good option. Companies that charge to do this, often keep the extra amount that would be applied to your principal and earn interest on it then at the end of the year send it to the lender to apply it to your loan. No guarantees they are not some fly by night company that won't be there at the end of the year to make that payment.

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