Stringing a car loan out is not healthy. Four years on an auto loan is normal. Seven years is not. Your loan shouldn't last longer than the car.
More Quotes from Greg McBride:
If you have a 30-year investment horizon, you should be pursuing higher returns than you can get on a Treasury.Greg McBride
Fee income is the great stabilizer of bank earnings, particularly in unfavorable interest rate environments such as the one we're currently experiencing.
Greg McBride
One thing is evident looking at the different bank fees and rates. They maximize revenue and minimize risk, and that's what the institutions are geared toward, that's what they're in business for, like it or not.
Greg McBride
In a rising interest rate environment, there's very little justification for holding on to credit card debt. It should almost always be the primary focus of your debt reduction efforts.
Greg McBride
Even if someone pays the balance in full, that 2.5 percent fee they're going to pay for the convenience outweighs the rewards they're going to earn, especially on frequent flier miles.
Greg McBride
Bouncing a check results in a punitive fee from your bank, and the punishment is growing increasingly harsh.
Greg McBride
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I am always easy of belief when the creed pleases me.
Charlotte Bronte
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Raymond Queneau