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    4 tips for managing long-term loans

    Sep 10, 2021 3 minutes
    BY LETITIA WATSON

    Send suggestions for topics and requests for info to yourmoney@you.co.za. We may answer your questions in this column but won’t reply personally.

    LONG-TERM loans are usually loans with a term of five years or more. Sometimes it can seem as if your long-loan just isn’t decreasing or will never come to an end.

    Fortunately there are a few ways to pay it off sooner.

    1 PAY ANY EXTRA MONEY YOU MIGHT HAVE INTO THE LOAN

    Try to pay more than your minimum loan-repayment amount every month. Even if

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