3 ms·
Well, the $900 is a big assumption. You could have just as easily lost all that money. To be clear: I'm not saying your wrong, I'm saying I don't understand. It
by CaptSpify 11y ago
Well, the $900 is a big assumption. You could have just as easily lost all that money. To be clear: I'm not saying your wrong, I'm saying I don't understand. It seems like there's just an assumption that you'll end up with more money, despite there being a risk that you won't?
- coldpie 11y agoWell, you have a job, right? That's where the money comes from. Lenders use your credit rating, income, length of employment, age, and other factors in determining a loan's risk. You budget $X per month for your loan repayment, and you repay it. Three years later, you have repaid the entire loan, plus the $900 interest, and everything is square.