15 Smart Things To Do With Your Stimulus Check

- By
12 of 15

stimulus check application

Source: Moyo Studio / Getty

Negotiate with a lender

If interest rates with a lender have been bleeding you dry, and you have enough cash coming in to pay for immediate needs, you could buy down your rate. Some lenders, like mortgage or car lenders, will accept a one-time cash payment that lowers your rate. So, say you’re paying seven percent on a car loan. Maybe you can negotiate with the lender, give them $1,000 now and have them drop your rate to 5.5 percent. If you have a long loan and a large principal, those long-term savings could equate to way more than $1,000 in the end.

Comment Disclaimer: Comments that contain profane or derogatory language, video links or exceed 200 words will require approval by a moderator before appearing in the comment section. XOXO-MN