I have a 00 balance on my car loan at about 6% and 24 payments remaining. I have a 000 balance on my supplemental student loan at %11 and 10 years remaining. I currently have a 00 surplus I am planning on putting towards my loans. I am having trouble figuring where my money is best spent? Pay off the car loan now, and then put the extra monthly savings to the student loan, or pay down the student loan a little and continue on business as usual? Thanks.

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A person had borrowed 0 from his cousin. When the cousin pressed for payment, the borrower issued a check for 0 and wrote in bigg letters that it was full and final payment for the 0 loan. The cousin accepted the check and cash it. When he demanded for the rest of the loan, the borrower said that he has already paid his obligation. Can he do this? Is it legal? If the cousin will sue, will he win? Thanks so much.

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I need a ,000 loan to pay off credit card debt. However, I will need time to find a job after I graduate from college this summer. Therefore, how soon will Prosper.com ask me to start making payments? Do I have to pay a fee to register myself on the website? Also how will the amount of my monthly payments be determined? And will all the money be due in 3 years? What about interest? Can someone please explain all of this to me? Thank you in advance.

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Around 75% of my salary is spent on loan repayment, I have investment in shares, I am planning to sell shares and close all loans and live debt free but without much investment, is it a wise decision?

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