Tips by FDIC

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Focus on the long-term cost of the loan, not the monthly payment. "Many car dealers or even mortgage lenders will entice borrowers by asking how much...
Youth is no excuse for defaulting on a loan. At some point, perhaps after graduation, the loan payments will begin. How a young person manages student...
For loans and credit cards, avoid or limit interest charges. While it may sound like a bargain to pay the minimum due on your credit card so you have...
When you need money urgently, comparison shop for loans by looking at both total dollar costs and the Annual Percentage Rate (APR). Payday lenders,...
Build your own rainy-day fund and borrow from yourself. The best way to avoid a cash crunch is to put money into an emergency savings account that you...
When buying a house, look into government incentives for first-time homebuyers, low- or moderate-income families and other borrowers. Eligible...
Tags: mortgages, FHA
Avoid late-payment fees. These are penalties, typically $30 or more, charged by your lender when you don't make a loan or credit card payment on time....
Borrowing money from your home's value can be low-cost but also risky. Many people take out low-cost loans based on their equity in the house. The...
When choosing a credit card, ask yourself if you plan to pay the balance in full each month. Many people don't pay their bill each month -- they...
Know your credit limit and stay below it. There are two problems with going over your card's credit limit. One is that your card issuer will charge...
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