The trick to saving money on your high interest rate car loan is not hard. It involves some effort and a bit of planing but everyone can do it.
Most people with bad credit assume that high interest is the price of doing business, and for most, it is. But, there is a little used method to reducing the interest rate on your car loan. This will reduce the interest you pay dramatically. The best part is that it takes very little effort on your part.
So what’s the trick?
In the mortgage industry, there is a well known savings strategy to pay your monthly payment every two weeks instead of once a month. This adds a full payment to your house payment every year. [...]