Quote:
Originally Posted by WiMiMc
hmm thats good to know, as for additional payment, can i verbally tell them that i want it applied to the prinicipal? because i'm looking at my bill now and there is a spot for 'Additional Amount' however nowhere does it have room to write where it will be applied
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If you write what you are adding to the payment in that spot, it should then automatically be applied to your principal. Normally that's how it works. I have an auto loan with Bank of America and there is a separate box on the payment stub for "Additional Principal," which in your case I'm sure is the same as "Additional Amount." But I would strongly suggest calling them to double check.