What exactly is the meaning of credit?

Most banking and financing institutions offer different kinds of credit and loan products. From credit cards, signature loans, to mortgage and business loan, consumers are becoming more aware in the world of credit. However, some people still lack of financial information and discipline before they can get any credit from the banks. The first thing…

Determine why you borrow money

There will come a time that you will run out of a fund to pay all your financial obligations. It may be from a lot of reason why you are left with insufficient funds and you may need a plan on how you can fulfill all your financial obligations in time. Borrowing money can be…

Basic principles of borrowing money

One of the basic principles in borrowing money is that the interest and other costs of obtaining the loan are less than the value that is created by borrowing the money. As an example, if one borrows money at 4% and creates a 7% return, all else being equal, then there is a 3% profit…

Is borrowing money the right decision?

Every time I need a money and doesn’t have enough funds, I always thought of borrowing money. Borrowing money can be the best solution for people who run out of funds but you still need to consider if borrowing is the right decision. Remember that borrowing money means that you have a commitment to repay…