All Questions
3
questions
16
votes
10
answers
9k
views
Fair interest rate on $2k personal loan to a friend
A friend wanted to borrow $2,000 from me and he promised that he would pay it back in a month. I'm about to lend him the money. How much interest should I charge that would be fair? I am not expert ...
- 161
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
5
votes
2
answers
911
views
Should I attempt to consolidate my own debt, or hire a professional? (Are there caveats to consolidating your own debt?)
I have some credit card debt across 3 accounts. Currently they're all at 0 APR, but the promotional rates are set to end soon, and I don't want to open any more accounts. In this situation, I'm aware ...
- 873