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NO - STILL COMPLAINING 2 Well buddy, there’s a peace of mind in paying incrementally, in paying in small chunks. There’s no burden on you because you don’t have to save all the money up front. You are making small payments everyday. This means that even if you miss one payment God forbid, there won’t be a problem. But on the other hand, if you miss one monthly payment, that’s equivalent to defaulting. Because it’s a huge percentage of your overall loan. A daily payment isn't.