Category Archives: Debt

How to Avoid Debt – A Guide

Unfortunately, for a lot of people, debt is – or is becoming – a fact of life. It’s all too easy to borrow money in the firm knowledge that you can and will repay it in time… only to see your circumstances change and your ability to repay the money you owe taken away fromContinue Reading

How to Tackle Your Debts in 2011

How to Tackle Your Debts in 2011

Many people set themselves financial objectives, and I think it’s a great way to keep you financially motivated and focused. It’s a harsh fact of life that getting in debt is so much easier than getting out of it, however with a correct plan of action you can make it easier. Before you can everContinue Reading

What Happens When you Make an Extra Payment on a Loan?

What Happens When you Make an Extra Payment on a Loan?

It is really interesting to see the results of making an extra payment to a mortgage, auto loan or any other amortized loan.  I think there is some confusion as to  what exactly happens, mathematically, when you make the extra payment.  To understand what happens when you make an extra payment you first have toContinue Reading