We've had a few loans over the years. A car, furniture and most recently our home. We are down to only our mortgage. We are trying to pay that off as fast as we can, but it will be some time before we are done. I think we are done on loans for anything else. I can't see us borrowing money again, maybe for a car. I would still try to put as much down as I could.
The largest loan I have ever taken out to date was $72,000 for my house. The sad part is that I am preparing to take out a much larger loan for a new house...after I figure out how to sell this one in such a bad market...guess it's time to start hitting up friends and family to see who's in the market for a starter home. The next mortgage will most likely top $200,000.
payday loan freedom! Grabbing a short term loan is a great way to boost your credits and build a good credit profile. Just be responsible and knowledgeable in terms of your payments, do balancing and oftentimes monitor interest charges. Be responsible to avoid trouble in paying the monthly payments every month. Be positive in life.
I took a loan so I can pay all my credit cards at once. They I paid my loan in a year. I saved a lot of money after that as I'm not paying any interest for all the debts in credit cards.
As a student in college, I once took out a student loan for about $4,000 just in case I would need the money later for school. I fell victim to the old-if money is there it gets spent trick. Sure enough, I did not have enough discipline to leave it in the bank. I bought a car. Oh well, I guess. I have since payed of that and any other student loans. Now that is a good feeling!
