Questions tagged [loans]
This tag is a generic tag to be used when asking a question on Loans / lending. If there is a specific question the other related tags like home-loan, student-loans, etc should be used.
1,138
questions
40
votes
13
answers
12k
views
Is there a price point beyond which it no longer makes sense to buy an apartment or house?
I am in a very frustrating situation right now. I have accumulated a decent amount of value in cash and stocks. My wife and I however are still living in a rented small flat in our town in Austria ...
- 563
39
votes
4
answers
18k
views
How do I lend money to a friend for a car and put the car as collateral?
A friend of mine wants to buy a car, but does not have the money for it.
Instead of him going to a bank and borrowing the money to buy the car, I was thinking of maybe taking some cash from my bank ...
- 415
39
votes
10
answers
75k
views
Why do governments borrow money instead of printing it?
This question is raised in the movie Money as Debt (at time index 29:00).
The answer that immediately pops to my head is "because printing money causes inflation".
However, according to this movie, ...
- 2,400
38
votes
8
answers
4k
views
Optimal way to use a credit card to build better credit?
I have a credit card with a $700 limit and I am curious how to optimize credit gain with it. Right now, I use it once a month (usually on something small like a drink from a convenience store or ...
- 719
38
votes
5
answers
9k
views
Should I dump my savings into my student debt?
I've got about $5000 saved up in my savings account.
At the same time, I've got about $8500 left to pay off on my student loan, with all the interest that includes (6%/year, compounded monthly).
...
- 4,374
36
votes
7
answers
3k
views
How does a bank lend your money while you have constant access to it?
How do banks / fintechs lend your money while you have constant access to it, ie. can withdraw at any moment? I assume there is some kind of liquidation pool, but how exactly is that managed with ...
- 477
35
votes
4
answers
17k
views
Why is the car dealer insisting on a loan instead of cash?
I saw a question that said "He (dealer) knocked down the price quite a bit" but my experience is different. The dealership says that they have a US$1500 incentive if I take a loan from their financing ...
- 3,492
32
votes
11
answers
12k
views
Should I charge my children interest when they borrow money? [closed]
My children (both male, ages 25, soon to be married, & 32, married) have borrowed money from me and my wife on several occasions. They have yet to pay us back what they borrowed. We have never ...
32
votes
6
answers
13k
views
Is it legal to mortgage a property twice or more?
I was talking to one loan agent lately about getting an investment loan, she was trying to convince me to mortgage my house but my house has been mortgaged already.
She was saying "let us not worry ...
- 573
31
votes
13
answers
9k
views
Do I pay a zero % loan before another to clear both loans faster?
I have $11,000 to put toward one of my three loans. I think I should pay off the 0% car loan and then in two months it will be zero and I can apply that $635 to the 2.5 % car loan and pay it down ...
- 335
31
votes
9
answers
14k
views
Is asking to pay off principal first a placebo?
Some people say that in order to pay off a loan sooner, you should ask the lender to "apply your payment towards the principal", so that they won't "apply your payment towards the interest".
From my ...
31
votes
9
answers
12k
views
Is it a good idea, to buy a flat with a loan, whilst using the rent to pay it off? [closed]
I have been thinking about taking a loan to buy a flat which I would rent out. My reasoning is that the loan would be paid off over time by the renters. After perhaps 30 years, I'd be left with a ...
- 484
31
votes
11
answers
11k
views
Is it a good time to replace my used car?
We have a 2005 Chevy Impala with 105,000 miles that we purchased in 2011. We have made many repairs such as replacing the transmission, repairing the radiator, heating and AC system, thermostat, belt,...
- 413
31
votes
3
answers
3k
views
What are the pitfalls of loaning money to friends or family? Is there a right way to do it?
What are the pitfalls of loaning money to friends or family? Is there a right way to do it?
unknown
29
votes
7
answers
21k
views
Making a big purchase over $2500. I have the money to cover it. Should I get a loan or just place it on credit?
I am planning to make a big purchase. I have the money in savings to cover it, but I don't want to drop $2500 all at once if I can avoid it.
I have a credit card with a $9000 limit, but I know that ...
- 1,199