If you have a 30-year loan and are looking for a way to pay it off in less than 30 years, you might be considering making your payments on a bi-weekly basis instead of monthly. While there are times and reasons when this can be beneficial; however, there are also times when this method doesn't really work out that well. Here are a few things to know about this.
The point of making bi-weekly payments
If you have been trying to become debt-free and are not having any luck doing it the old-fashioned way, it might be time for you to get creative. There are a lot of debt solutions available for you to use, but you might be able to become debt-free on your own. To do this, you will have to build up the confidence to begin negotiating with your creditors, and here are some tips to help you successfully create a plan that will help you get rid of every debt you owe.