When you apply for loans, it can be a very scary endeavor. And why would it not be? You are asking for a large sum of money that needs to be paid back with interest. It is not like borrowing $20 from a friend and saying “I’ll get you back one day.” No. Failing to do so, in a worst case scenario, can leave one bankrupt if an individual does not manage their money well or overestimated what they could handle or they were unfortunately enough to be left without a way to pay it. But it does not have to be scary! Here is what you can do.

What Is A Loan?

Like mentioned before, let us say you borrow from a friend, like the aforementioned $20. However, your friend says they will lend you the money but you must give it back to them, plus 10 percent interest. Interest is an amount of money that needs to be paid for borrowing the money, it is generally a percentage of the full amount. In this sce Continue reading Loans Don’t Have To Be Scary! Here’s Some Tips! →