Author: Gary Hickey

What does it cost in kronor to borrow money?

When it comes to loans, people often talk about interest here and interest there. Sure, it’s a good way to see the difference in cost between two different comparable loans, but sometimes it can be interesting to know what a loan actually costs in exact USD. In the calculations here I have calculated the interest…

Is Consolidation Loan Profitable?

TOTAL AMOUNT OF CREDIT – maximum amount of all cash not involving credited credit costs, which the lender provides to the consumer under a credit agreement (…) 1. TOTAL LOAN COST – all costs that the consumer is obliged to incur in connection with the credit agreement, in particular: (a) interest, fees, commissions, taxes and…

Requirements for Borrowers

Very often, borrowers check exactly what company they want to cooperate with, so they can avoid contact with cheaters, but it should not come as a surprise that lenders also have their own requirements. Unlike banks, loan companies risk losing their own capital, and this can have painful consequences for them. It is not easy…