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Image source: Getty Images The type of loan Zuckerberg took out could cause financial problems for the average person. Key points Billionaire Mark Zuckerberg took out an adjustable-rate mortgage (ARM). He was offered a competitive rate and can easily handle any payment increase that occurs. ARMs are a dangerous type of loan for most buyers […]

I took out loans for professional/graduate school during the years 1993 to 1996. I took out about $54,000 in loans. In 2002, I consolidated all my federal loans. The balance is approximately $167,000. I have been paying between $350 and $1,100 per month for the last 20 years.  I believed that I was under an […]

Financial stress or exigencies can force many borrowers to miss loan repayments. As missing EMI repayments can attract hefty penalties on the unpaid dues, it can further worsen the borrower’s debt burden. Non-payment of EMIs by the due date also adversely impacts the borrower’s credit score and future credit card and loan eligibility. Here are […]

* Digital lending apps mushroom in the East African nation * Scant regulation seen permitting data abuse, debt shaming * Government moves to regulate loan apps to curb data violations By Nita Bhalla and Dominic Kirui The 14 days given to John Bigingi to repay a loan of 8,200 Kenyan Shillings ($72) had barely lapsed […]

Business Loan: Top 5 Crucial Questions Before Applying A business loan is the first thing that crosses one’s mind to take; after one tries sincerely and long in assembling a feasible marketable strategy, the last component to get the tasks moving is subsidizing. Despite the fact that there’s nothing bad about this idea, there are different issues […]