<prompt> Human: I bought a truck back in October of 2015. I borrowed 7K at 5.5 interest. Minimum payments are 165.00 per month, Ive been paying around 500 per month as this is the highest interest loan I have. I currently owe 3,841.00 on the note right now. I have 19K in my savings and 1.5K in checking right now. Should I just pay the loan off now, or continue to make the 500month payments? Once I have this paid off I plan to add the 500month I had been spending on the auto loan to my mortgage. EDITWow, this got a lot more response than I anticipated. I really appreciate it!TL;DRIt depends. By paying it off now Im only going to save a couple hundred dollars in the long run since the principal is so low already. If I would rather have liquid savings, just keep paying the minimum or the 500 a month I currently pay. If Im highly debt averse, pay it off. Some are saying paying it off may actually hurt my credit.  <response>: Unless you have a savings account that gives you more than 5.5 APY, youre better off paying it off now. You definitely have more than enough to do so and still have a comfortable cushion. 