Archive for the ‘Borrowing’ Category

Bank Loans

Types of Bank Loans Bank credit for consumers falls into two general categories, closed-ended and open-ended. A mortgage, for example, is considered a closed-ended loan because it is for a specific amount and must be paid off over a specified period. A bank credit card provides an open-ended loan: it gives the cardholder a specific […]

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Credit cards As A Mean Of Borrowing

The most common fallacy : Cheap credit cards is an easy way to borrow money. At the first glance, inexpensive credit cards seem to be an easy way of borrowing. But for some people they can be a far too easy way to get money and, in despite of common sence, a very costly one. […]

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