About Cabling Installation & Maintenance

Our mission: Bringing practical business and technical intelligence to today's structured cabling professionals

For more than 30 years, Cabling Installation & Maintenance has provided useful, practical information to professionals responsible for the specification, design, installation and management of structured cabling systems serving enterprise, data center and other environments. These professionals are challenged to stay informed of constantly evolving standards, system-design and installation approaches, product and system capabilities, technologies, as well as applications that rely on high-performance structured cabling systems. Our editors synthesize these complex issues into multiple information products. This portfolio of information products provides concrete detail that improves the efficiency of day-to-day operations, and equips cabling professionals with the perspective that enables strategic planning for networks’ optimum long-term performance.

Throughout our annual magazine, weekly email newsletters and 24/7/365 website, Cabling Installation & Maintenance digs into the essential topics our audience focuses on.

  • Design, Installation and Testing: We explain the bottom-up design of cabling systems, from case histories of actual projects to solutions for specific problems or aspects of the design process. We also look at specific installations using a case-history approach to highlight challenging problems, solutions and unique features. Additionally, we examine evolving test-and-measurement technologies and techniques designed to address the standards-governed and practical-use performance requirements of cabling systems.
  • Technology: We evaluate product innovations and technology trends as they impact a particular product class through interviews with manufacturers, installers and users, as well as contributed articles from subject-matter experts.
  • Data Center: Cabling Installation & Maintenance takes an in-depth look at design and installation workmanship issues as well as the unique technology being deployed specifically for data centers.
  • Physical Security: Focusing on the areas in which security and IT—and the infrastructure for both—interlock and overlap, we pay specific attention to Internet Protocol’s influence over the development of security applications.
  • Standards: Tracking the activities of North American and international standards-making organizations, we provide updates on specifications that are in-progress, looking forward to how they will affect cabling-system design and installation. We also produce articles explaining the practical aspects of designing and installing cabling systems in accordance with the specifications of established standards.

Cabling Installation & Maintenance is published by Endeavor Business Media, a division of EndeavorB2B.

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Can You Pay Off an Installment Loan Early?

An installment loan allows a person to borrow a lump sum of money upfront. They then repay the principal plus interest every month. When they take out an installment loan, they can follow the repayment schedule they agreed to in their loan agreement and pay it off at the end of their loan term. Or they can repay the loan early.

Is it a good idea to pay off an installment loan early?

While it’s possible to pay off the loan early, the borrower should weigh the pros and cons before they do so.

Pros of an early payoff

The most important benefits of paying off an installment loan early include:

  • Save money on interest: The faster a person repays an installment loan, the less they’ll pay in interest charges. Depending on the loan terms and how quickly they pay it off, they can save hundreds or even thousands of dollars.
  • Free up a monthly budget: Once a monthly loan payment is gone, the borrower will have the extra money in their budget to allocate toward other needs. They may use it to cover everyday expenses or work towards financial goals like building an emergency fund or investing.
  • Lower debt-to-income ratio: A person’s debt-to-income ratio is all their monthly debt payments divided by their gross monthly income. Paying off an installment loan will lower the ratio and, in turn, boost their credit score, making it easier to qualify for loans with excellent terms in the future.
  • Have peace of mind: When someone pays off their loan early, they’ll free themselves of a debt obligation. This can make them feel less stressed about their finances.

Cons of an early payoff

These are the major drawbacks of repaying an installment loan ahead of schedule:

  • May be on the hook for a prepayment penalty: Some lenders charge a prepayment penalty to recover the interest they’d lose if borrowers repay their loan early. In most cases, it’s a set percentage of the unpaid principal balance at the time of the payoff. It’s helpful for borrowers to check their loan agreement carefully to determine if they’ll owe a prepayment penalty. If so, they should do the math to determine if it’s worth paying off the loan early.
  • May have more important financial needs: If the rate on the installment loan is lower than the rates a person has on other debts, they may want to put their money elsewhere. For example, they may focus on paying off their high-interest credit card debt.
  • Will have less cash at disposal: Since borrowers have to put a lot of their extra money toward the loan, they may face a cash shortage. This can be an issue if a financial emergency or other situation that requires ample cash flow strikes.

The Bottom Line

An installment loan is a convenient and affordable way to cover various expenses. But paying it off early isn’t always the best choice. That’s why it’s always best for a person to weigh the pros and cons of doing so before pursuing an early payoff and do what works best for their budget.

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Contact Information:

Name: Michael Bertini
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Job Title: Consultant

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