By Lionel Garcia
Is that the costumer can obtain goods before payment based on trust.
Interest payable only on the interest
some tips and (or) myths
Make sure your eligible. Do research. Gather the necessary information you need. 1 myth is the more you ask for the worse your chances.
An amortization schedule
is a table detailing each periodic payment.
your principal is a sum of money lent or invested in which interest is paid.
according to a particular scale in which you pay a certain amount.
a plan or schedule or arrange when something is supposed to happen.
5 c's of credit
character, capacity, capital, collateral, conditions.
helps you understand how much credit you can afford.
fixed interest vs variable interest rates
one is steady so you know what your paying for the other you wont always know.
fraud what to look for
make sure all documentation is correct.
advantages and disadvantages of borrowing
it helps when you have no money but it sucks more money out.