Extra payments need specific instructions to ensure they go toward the principal, not future interest. Lenders might automatically apply extra payments to future bills unless directed otherwise.

The School Principal Certification program was designed to produce school leaders who are knowledgeable about current theories and strategies in leadership and change. Principal certification is ...

Unfortunately, when a lender receives a payment beyond the minimum due each month, they may simply apply it to next month's bill rather than use that money to lower your principal. This means ...