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gurubest
Wysłany: Śro 23:40, 02 Wrz 2015
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Some of the different variables associated with the installment loans are the length of time, the amount of money obtained and the credit of the borrower. The credit score is often the most important variable associated with the loan. The better an individuals credit score is the lower the interest payment is, which means not only do they have to pay less when it comes to the monthly fees but it is also going to save them a good amount of money over the course of the loan. A loan interest for a mortgage that is one percent lower can eventually save the person thousands of dollars in the long run. The amount of time agreed upon is also going to have an impact on the loan. Usually, a shorter loan amount is going to have a smaller interest rate attached to it as well. If an individual is able to pay back their mortgage over a 10 year span instead of a 30 year span, they are going to be able to cut down drastically on the amount of money they have to pay, which should help them save a good amount, especially when paired with an improved credit score.
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A: The best option for students who have a bad credit history and need to borrow money for educational needs is to approach the Federal Student Aid Program. Federal Student Aid is available from the schools financial aid office or you can apply for it directly on the Department of Education's website. This is the most viable options since taking out a private loan under these circumstances could be extremely costly. Frankly, the product offered by Greenline Loans is just a little too greedy. If the repayment amount remained at $90 then perhaps it could be considered a more valuable option. But with those bubbled (increased) repayment amounts in the middle of the loan it just takes away any incentive to take out this loan.
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