All Questions
41
questions
-1
votes
2
answers
1k
views
How come more interest than principal is paid at the start of repayment? [duplicate]
How come more interest than principal is paid at the start of home loan repayment? What's the rationale?
- 115
1
vote
1
answer
76
views
Are there any regulations regards end of loan payment procedures?
When I was a student, one of my student loans was a Federal Perkins Loan. I was done paying the loan fully about 5 months ago. Since then I called couple times to the university asking about it, and ...
- 742
2
votes
1
answer
647
views
Term loan overpayment options: applied to principal, or...?
Twice in my life now (as of yesterday) I've found myself in a very confusion situation after having made higher-than-scheduled payments on a term loan for an extended period of time.
The first time, ...
- 390
3
votes
1
answer
533
views
Student Loans: Income-based repayment & income tax bomb
Situation: I have a pretty sizable student loan burden ($150,000 with 6% interest), where I can't afford the regular payments (about $2000/month) with my current salary ($60,000) at job I'm starting ...
- 31
3
votes
1
answer
10k
views
Paying off loan early: Apply overpayment toward balance vs advance payment due date?
I want to pay off half of my high interest student loan with a lump sum.
I have 2 options when applying the payment: to apply the amount to my balance or to advance the due date (i.e. to apply ...
- 123
3
votes
2
answers
1k
views
Tackling an obscene amount of student loans
So, in my journey to get to where I am today, I spent a good 7 years getting a Master's degree. This, of course, led me down the path of student loans.
Currently I sit at just over 100k in student ...
- 1,594
2
votes
2
answers
12k
views
Repayment of loan I made to my own LLC
I loaned $60,000 to my own single owner LLC over the past 6 moths to pay for start up, salaries, rent and business expenses to get it started.
It is now moving towards profit and can afford to start ...
- 31
0
votes
2
answers
140
views
Calculate money owed on shared loan
I am in an interesting situation that I am looking for help with.
I went to college a number of years ago, as did my brother. My mother had two student loans (one for each of us) and a few years ago,...
3
votes
1
answer
109
views
Fixing Credit With Several Small Debts
I am a recent graduate from the U.S. with a checkered credit history. I have a few items in collection now totaling about $750 or so. Previously, my attitude would have been to let these slide until ...
- 153
1
vote
1
answer
156
views
Ask rebate in loan repayment
The interest rate made my loan to a very large amount from the one which i borrowed since I could not pay it for some time(I missed some EMI).
Now I have money to pay it full, Can I ask bank to allow ...
- 11
0
votes
1
answer
60
views
How do investments on projects work
I am a newbie with loans and investments. I really want to know the difference between loans and investments on a project. I have a solar project for which I am looking for investments. I heard that ...
- 39
3
votes
3
answers
505
views
Can anyone help me understand my loan payment?
My loan was $40500 for five years with 9% interest per year. I do not understand the total I would have to pay. I have been paying 700 per month since 2006 and it feels like I've been paying forever. ...
- 31
4
votes
1
answer
2k
views
Is the repayment of monies loaned to my company considered income?
I have been working diligently for years to get my business off the ground. I have been funding its monthly operation via my personal funds, each month lending the company (an LLC) just enough to pay ...
- 41
0
votes
1
answer
3k
views
Are 401K loan repayments considered tax deductible?
I took out a 401k loan 1.5 years back for a home down payment. The loan had a 36 month term, and I was making payments thro' payroll deductions from my employer. I recently quit that job, and I am ...
- 1
26
votes
8
answers
11k
views
To pay off a student loan, should I save up a lump sum payoff payment or pay extra each month?
I am a new college graduate with a student loan of $17k at 6.8% interest. The monthly minimum payment due is $193. I have been paying the minimum amount, and then taking that same amount and placing ...
- 363