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Which Loans Bear Interest and How to Make the Most of Them

When it comes to financing your college education, it's important to understand the different types of loans available...

Understanding Credit, Loans, and Debt Repayment

When it comes to managing your finances, understanding credit, loans, and debt repayment is essential. Credit is a form...

Understanding Prepayment Penalty Rules for Loans

A prepayment penalty is a fee that a lender charges a borrower if they pay off all or part of the principal of the loan...

Can Loans Garnish Wages? A Comprehensive Guide

Wage garnishment is a process that can be used to force loan holders to pay overdue student loan balances. When a loan...

Can Loans Be Taxed? A Comprehensive Guide

When it comes to taxes, not all loans are created equal. While most loans are not considered income and are usually not...

How Loans Impact Your Credit Score

If yours is, it could be taken into account when calculating your credit ratings. Personal loans could be reported to...

Are Loans Considered Financial Aid?

Financial aid is money to help pay for college or career school. Grants, study and work, loans and scholarships help make ...

Understanding How Commercial Banks Repay Loans

When a bank creates a loan, it also creates a verifiable deposit of the same amount. Banks make money from the interest...