Not being so good with money, I need some advice on how to pay off a debt faster.?

I have a terrible double-digit interest line of credit with HFC. I am not bad-mouthing them, since they gave me a loan when no one else would right after I got divorced. But, fast-forward 2 years, I am now happier and doing better finacially as well, so I can make extra payments on this thing. How is the best way to do this so that ALL of the extra payments go directly to the principal and not to paying more interest? Should I just send one big check, should I send 2 seperate checks, should I pay every two weeks... Any advice would be appreciated..thanks!


LesleNot being so good with money, I need some advice on how to pay off a debt faster.?
Send two checks one for your regular payment and another for additional principal. In the memo line of the second check write ';Apply to principal'; and list your account number.Not being so good with money, I need some advice on how to pay off a debt faster.?
If your credit is better and you are doing better financially, how come you have not consolidated this loan into a lower interest loan. It might be something to consider.


If it a loan with collateral try refinancing. if it is a credit card, call them and so long as you are paying timely payments they can lower the apr for you.





I would try to get the interest rate down as well as making extra payments to principal.
consolidate to lower interest rates and pay more money every month to lower debt.