Forscher identifizieren ein kostspieliges Muster bei der Rückzahlung von Verbraucherschulden. Kreditnehmer mit mehreren Ratenkrediten tendieren dazu, den ältesten Kredit zuerst im Voraus zurückzuzahlen, auch wenn die Rückzahlung eines neueren Kredits mehr Zinsen sparen würde.
Researchers identify a costly pattern in consumer debt repayment
8 Kommentare
I get the tenancy to focus on the pure math of the situation, but paying down loans seems to be just as much of an emotional game as a mathematical one. Getting the ball rolling, paying off a smaller loan, and paying off an older loan that’s been hanging over your head for longer are all perfectly acceptable ways of mitigating debt. I would love to see data showing how effective these strategies are in practice, taking into account the human aspect of how aggressively you actually contribute to your loans.
If you’ve got multiple loans going simultaneously, and you’re picking which to pay back I suspect they either have no choice, or aren’t the brightest – more than likely the former.
Paying back the oldest buys you the most time, a new loan isn’t going to repo/foreclose on you first. This may come down to extending the clock more than a misguided or uneducated choice.
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Maybe they are taking out the new loan to pay the old loan?
Isn’t the best strategy to put extra money into the loan with the highest interest rate regardless of the balance, start date, or term of the loan?
I get that a higher percentage of payments on a new, large, longterm loan goes toward interest instead of principle, and paying it down early saves quite a bit, but in the long run, I’m pretty sure it’s always mathematically best to pay down the high interest stuff first.
Newsflash: People who need to take loans might not have the best financial literacy.
This is not a slight against them, but rather the system.
You can blame Dave Ramsey for this. More of a motivation thing, even though the math is wrong.