All Questions
4
questions
2
votes
5
answers
419
views
Downside of having a zero-interest loan for long time
I am able to get a zero interest loan (APR 0%) of €10k for my small business and I have to decide the debt repayment period (12-60 months).
Mathematically, because interest rate is zero I should ...
- 121
4
votes
4
answers
428
views
What to do with this cash- pay off ONE card, or pay down a few?
I've got a $5k payment coming through with about $12k in CC debt, over 4 cards. 1 card is at $3000 (total line is $4k), 14.8% interest rate, another at $3450(total line is 4.5k), 19.3% interest rate, ...
- 41
14
votes
4
answers
3k
views
Can someone help me understand my student loans?
I have more loans than these but I am wondering how to handle these three (all with the same bank):
3%, last payment ~$36, current balance $6153, original amount $5500, payoff balance $6170
2.5%, ...
- 719
1
vote
2
answers
910
views
How to structure a loan for my owner-financed business sale, so we are paid sooner than later?
My wife and I are in the process of selling our business to a buyer. We have agreed on an amount to sell the business for, and to owner-finance the balance.
The buyer has already taken over day-to-...
- 173