Pay Extra On Debt With Separate Check?

Scotty wants to know if you write a separate check when paying extra on a debt.

QUESTION: Scotty on Facebook wants to know if you write a separate check when paying extra on a debt.

ANSWER: Pay with a separate check and write "principal only" in big letters on the notation line of the check. Some payment books have a place where you can enter that principal amount as an extra amount, and that’s all right to do. Otherwise, put a separate amount on a separate check in a separate envelope. Make sure you don’t have it go toward prepayments.