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Credit

What Are Interest Rates And Why Do You Pay Interest?

Unless you pay cash for every single purchase that you make; Interest affects every single part of our financial lives. Interest is charged on home purchase, auto loans, credit cards, home equity loans, personal loans, student loans, and all other loans. Interest is paid on savings accounts, interest bearing checking accounts, money market accounts, bonds, […]

What is Debt Consolidation?

With people opting for different types of loans each day, it can be tough to manage monthly payments. The situation gets way more complicated when you have more than one credit card, because you will have multiple payments due each month. If you miss one payment or are late making one; it can adversely affect […]

How Do Car Loans Work?

A car loan is the second largest expense that you will ever have right after a mortgage. That is why it is so essential that you ensure that you get a great loan. A good car loan will have you rapidly paying down principal and saving thousands of dollars in interest payments while a bad […]