Tag Archives: paying off loans

 

Nov30

How to Determine the Cost of a Loan

Posted: November 30, 2017 by Ashley Dull

In a perfect world, everyone would have the cash necessary to self-finance important purchases, and debt would be a thing of the past. Unfortunately, we live in the real world, where borrowing is often a necessary part of everyday financial life.

With that being the case, it’s important to understand as much about the borrowing process as possible, not only to avoid the inevitable credit damage from bad financial decisions, but to also avoid paying far more for financial products than you really should. This is especially important for borrowers with poor credit who are already looking at higher-than-average financing costs.

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Jul22

Tips for Paying a Bad Credit Loan Off — on TimeOn-Schedule Repayment Is Critical for the Sake of Your Credit

Tips for Paying a Bad Credit Loan Off — on Time

Posted: July 22, 2013 by Rachel Shepard

In the current economic climate more and more people are being affected by growing debts. Many of these individuals are experiencing difficulty paying off these debts, and this unfortunately is making a bad situation worse, with penalties and fees only adding to the amount owed and consumers seeing their credit rating, which often is already somewhat low, take a hard hit.

For some people, a bad credit loan is among the debts they see piling up, and this is problematic. It is important to remember that the point of a bad credit loan ultimately is not only to provide you with much-needed money when you have poor credit and few other financial options, but also to help you improve your credit. Therefore, if you have taken out this type of loan, it is critical that you pay it off on time for your credit’s sake, as well to avoid any extra charges that may come with late payment. Thankfully, there are a few simple tips for paying a bad credit loan off in a timely fashion.

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