Paying Car Note

[Anonymous]

Every month I pay my car note online on the due date but have read where some pay the note as early as two weeks before. Does it look better to pay it earlier or does it only matter if you pay it late?

If it makes any difference I have a new loan through Americredit.

[pizzadude]

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@Anonymous wrote:

Every month I pay my car note online on the due date but have read where some pay the note as early as two weeks before. Does it look better to pay it earlier or does it only matter if you pay it late?

If it makes any difference I have a new loan through Americredit.

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There won't be any difference on your credit reports / FICO score unless you pay 30 days late, or worse.

Paying early can sometimes be beneficial on certain loans depending on how interest is calculated.

[RushXTC]

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@Anonymous wrote:

Every month I pay my car note online on the due date but have read where some pay the note as early as two weeks before. Does it look better to pay it earlier or does it only matter if you pay it late?

If it makes any difference I have a new loan through Americredit.

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I'm not 100% Sure, But my due date is on the 24th and ever since I got my car, I've been paying pretty early.

Why? I don't know, Maybe I just want to get it over with, Does it affect my payment? Probably not, Because the interest isn't going to change if you plan on paying the whole loan throughout the agreed payments and not paying it earlier.