(EP9) Never Pay Off This Type of Loan Early
School of Wealth
English - December 12, 2018 20:07 - 44 minutes - 40.8 MB - ★★★★★ - 141 ratingsInvesting Business Education banking credit financial invest rich bank business debit debt entrepreneur Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Forget everything you think you know about loans. Rondi is here to tell explain to real way to build your credit, pay minimum interest, and benefit from your purchases. He explains how he has managed to save $14,000 on his $70,000 car -- and how he plans to finance it for years to come to earn the benefit for his credit score, paying under $100 in interest.
Covered in this episode:
Why you don’t want to pay off an installment loan early, and ways to work this system to your advantage Ways to take out a loan to maximize your credit and “break even” with FICO Why paying cash for cars (or any large installment loan purchase) is a bad idea And more!
The Business Credit page Rondi mentioned is here.
Find the full show notes for this episode here.
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