Category: Debt Management
-
Loan Options When You Need Cash Fast
We’ve all been there—unexpected expenses pop up, and you’re short on cash. This time, though, you don’t want to ask your familia, especially that one tía who always bails you out. So, what are your options? Depending on how fast you need the money, here are some solutions you can try. Need Cash in 1-2…
-
The Challenge of Compound Interest When Borrowing
Historically, we tend to talk about “compound interest” as a positive concept when saving money. This post focuses on the other side – the negative power of compound interest. We will speak to the crippling impact of compound interest when taking on debt, using credit cards as an example. How Credit Card Debt Works Imagine…
-
What is Annual Percentage Rate (APR)?
What does annual percentage rate (APR) mean? It represents the yearly rate charged for a loan, like a credit card. When you apply for a credit card, you’ll see a section called the Schumer Box, which outlines key terms and details about the card. The box, named after a congressman, was created to ensure transparency…