<prompt> Human: I 25 bought an engagement ring the other day and took out an 18 month, 0 interest loan. I had to buy the stone and the ring itself independently because the stone was in stock and the ring had to be custom ordered. My loan for the stone started yesterday and is 3,926. The loan for the ring will start sometime in January when I am able to pick the ring up. The ring will be 1,471.50, bringing the total of both loans to 5,397.50.A little financial background - I have been saving for this for a while now. I hate the idea of being in debt and could pay it off immediately, but am open to other solutions if it is better for me longer term. In a savings account with a 1.09 interest rate - I receive an interest credit to my account every month - I have approximately 15.5K. I get paid monthly and try to contribute between 500 and 1,000 to the savings account depending on expenses that month. The account is primarily my emergency fund, but I also keep the things I am saving for throughout the year this engagement ring, Christmas gifts, Travel, etc. in this account to try to maximize the interest I am receiving.What strategy would you suggest for paying off this loan? Would it be beneficial from a credit score standpoint currently around 750 to close the accounts as soon as I can, or keep them open and pay them off gradually before the 18 months is up?  <response>: I dont like the idea to complicate finances for a paltry gain in interest unless you have some other use for that 5K immediately. If you have the money, just pay it off. 