Debt Management

How Loan Amortization Works

Anyone who has ever had a loan has seen the statements that come updating you on your progress. Early on, it is often disheartening to see that the bulk of your payment went to just the interest, and a small amount went to the outstanding loan balance. If you ever wondered why and how it works, read on. If not, read on anyway, you could still learn something.

How Loan Amortization Works Read More »

Why Banks Sell Loans and How It Impacts You

I just got a letter in the mail from my student loan company saying that my loan has been sold to the US government and will now be processed by a federal payment processing center. This is common in the student loan and mortgage loan business. I figure that if it is happening to me, it is happening to other people to. And if a bank does it, it is probably confusing. Here is how it works.

Why Banks Sell Loans and How It Impacts You Read More »

How to Shop for a Car Loan

Someone I know is in the market for her first car loan. I was flattered that she asked me about how car loans work. She is pretty smart. If she had questions, I am sure many of you might have the same questions. This post will discuss what you should think about if you are a twenty-something (or a “real live adult”) looking for a car loan.

How to Shop for a Car Loan Read More »

Scroll to Top