Skip to content

Rethink extra loan payments

The bot compares your loan interest rates with what your savings earn and tells you whether paying extra makes sense.

Starting prompt (adapted)

Log into my loan accounts and list each loan with its balance, interest rate, minimum payment, and any extra amount I pay through autopay. Compare those rates with what my savings account earns now and explain, in plain numbers, what paying extra costs or saves me over a year. Don't change any autopay or payment amount until I approve it. If I approve a change, save the servicer's confirmation and tell me the new payment and the date it starts.

Written for this site from what the cases below did. It is a starting point, not a prompt anyone posted. Fill in the parts in brackets.

What you still do

  • Decide whether to keep paying extra
  • Approve any change to the autopay
  • Check the next statement for the new payment

Where it tends to fail

  • Paying less each month frees cash; it isn't a saving
  • The comparison depends on your savings rate staying higher than the loan rate
  • The screenshot cuts off before the servicer confirms the change

How well it's backed up

So far this is a single post with the bot's own screenshot. It shows a smaller monthly payment, which frees cash but doesn't lower what you owe.

Bot's own report: 1.

How we label cases

Cases

Reported done

1 case Show

The provider agreed or the change is reported done. Biggest saving first. Each case says what backs it.