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Tag Archives: Credit Unions

Differences Between Banks and Credit Unions

Friday, January 23, 2009

Banks are in the business of lending money to consumers and businesses. They are very much for profit lending institutions. The banks loan the money to consumers in return for the repayment of the principal with interest over a set period.

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The Art of The Compounded Interest Rate

Saturday, December 20, 2008

Many lenders in California like to discuss a loan with both husband and wife because the wife often sets the family budget. Besides, many creditors believe both parties should acknowledge how loan payments will affect their lifestyles. As a rule of thumb, bank managers are reluctant to grant loans where repayments may necessitate a cutting [...]

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