Loathed Financial Products

Купить ссылку здесь за руб.
Поставить к себе на сайт
3 Просмотры

  • Спасибо! Поделитесь с друзьями!

    Вам не понравилось видео. Спасибо за то что поделились своим мнением!

alexnet
Издатель
A $100 payday loan with a $15 fee sounds like 15%. Here’s what each product on this list actually costs.

1. Payday loans: the typical two-week loan carries a $15 fee per $100, which works out to a 391% APR. A credit card at 30% costs about $1.25 on the same $100 over the same two weeks.

2. Auto title loans: the car is the collateral. In a CFPB analysis of title loans from 2010 to 2013, about 1 in 5 borrowers eventually lost their vehicle to repossession.

3. Credit card cash advances: these typically carry a fee at the start, and interest begins right away, with no grace period like purchases get.

4. Rent-to-own: payments look small per week, but ownership comes only after the full term, and the total paid typically lands well above the sticker price.

5. Timeshares: annual maintenance fees continue whether or not the unit gets used, and resale can be difficult.

For anyone who has ever skimmed a fee schedule.

More stuff like this at SimpleMoneyAdvice.com

*This site is for general informational and educational purposes only. It does not constitute financial, investment, tax, or legal advice, and is not tailored to any individual’s situation. Consult a licensed financial advisor, CPA, or attorney before making financial decisions.

#wealthbuilding #financialfreedom #passiveincome #financialliteracy #debtfreecommunity
Категория
Пассивный доход
Комментариев нет.