Browsing Tag

high interest

How Are Auto Loans Amortized?

Auto loans use simple interest, which means your auto loan balance determines your interest costs. An amortization schedule describes how your interest and principal is paid in a simple interest loan. Here's how simple…

What would you like to know

As much as we would like to be financially prepared for unexpected circumstances, the truth is, it doesn't always happen. You may have a small emergency fund, but you've used it up on top of what's left in your checking account. Now the…

How risky are cash advances?

It's no secret that small businesses are looking for alternative sources of funding. A Pepperdine University report released in July found that 61% of banks said they were refusing traditional loans they might otherwise have given due to…