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How do I understand how much I need to pay on a loan?
Right now banks have so many different credit products. Loans, credit cards, installment plans. I get really confused between them. I don’t want this to turn into a problem for me.
Posts: 78
Re: How do I understand how much I need to pay on a loan?
If you don’t understand this stuff, there is a solution, just don’t use it. Credit is not a joke. It’s the bank’s money that you have to give back. It’s better to first study everything, break it all down, and only then get into debt obligations.
Posts: 97
Re: How do I understand how much I need to pay on a loan?
Being financially literate is really important here, that’s true. Otherwise, you can very easily create big problems for yourself. In general, I like using the now. Everything there is simple and clear, all my credit products are visible right away, mainly installment plans, and it’s clear when and for which product I need to make a payment. The main thing is to actually make those payments and avoid delays.
Posts: 1298
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