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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: 96
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 salmon credit app 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: 1277
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