Credit Card
Where does the money come from when using a credit card?
Is it better to take out a auto loan from the dealer or a bank?
What is you need to explore many options and get a rate from the bank before buying a vehicle and seeing what the dealer will offer. Choosing what is best for you.
Why do many people need a mortgage loan to purchase a home?
What is many people don't have the amount of cash laying around needed to buy a home right away so they need a loan.
Who loans out student loans?
What is the federal government or private institutions.
When is interest applied to your credit card payment?
How does having a high credit score affect the loan interest rates you can get?
What is having a higher interest rates means you can get lower interest rates for your loan.
Is a fixed or variable mortgage better?
What is a variable rate is risky as rate could rise very quickly at random times. While a fixed rate can allow you to budget and always be able to make the payments as they stay the same always.
How do you determine the total amount needed for a student loan?
What is the type of loan being private or federal, the type of degree you are going to earn, the year you will graduate, and your need for financial assistance.
What are possible fees associated with a credit card?
What is there could be an annual fee, late fee, intrest for late payments, or even foreign transaction fees?
Is a longer term or shorter term loan better to have?
What is this also depends on your situation. A short loan will have less interest paid but higher monthly payments. While a longer loan will have more interest paid overall but less paid per month.
How are the mortgage interest rates controlled?
What is the intrest rates are government controlled and will fluctuate over time with market conditions.
What happens if you don't pay back your student loans?
Your credit score will take a large drop and if it is a private secured loan you could have different assets taken by the bank.
How much interest is paid if you have 5,000 dollars in credit card debt with 25% interest rate and you pay 350 dollars per month toward the total?
What is 997 dollars paid extra in interest.
How much overall interest is paid when you take out a 14,000 dollar loan for 6 years at a 7% intrest rates?
What is 3,185.40 dollars of total interest will be paid.
What is the monthly payment for a 500,000 dollar home with a 5% interest rate for 30 months and a 75,000 dollar down payment?
What is 2,676 dollars per month payment.
Why is student debt such a large problem in the U.S.?
Student loans are a lot of debt for students to take on and can drop credit scores and even make getting different loans harder when you currently have such a large loan.
How many months does it take to pay off a 10,000 dollar credit card debt with 23% intrest rate and a 250 dollar payment each month?
What is 77 months to pay of this pay off this debt.
What is the monthly payment when your total principal is 20,000 dollars paid of in 5 years at 6% interest.
What is 386.66 dollars paid every month.
The question above had a total of 396,337 dollars of interest paid. If you raise the down payment to 85,000 dollars, only 10 thousand more, how much total interest will be paid then?
What is 363,300 dollars in total interest saving a total of 30,000 dollars with just an extra 10 thousand down payment.
How much interest will be paid with a 30 year 30,000 dollar student loan that has a 6% interest rates?
What is the total interest will be 34,751.46 dollars paid.