If you are lending money to a family member or friend, you go in with the presumption you will be paid back. To increase those odds, it is important to critically look at every aspect of the loan and treat it as a business decision, not a personal one.
Credit card debt is a total bummer. Not only do you have to pay back the principle, each month the credit card companies charge interest, sometimes as high as 20% or 30%, on your outstanding balance. As long as the terms are right, a debt consolidation loan can make a lot of sense. Here are times when it makes sense to consolidate credit card debt through a new loan.
Hi. Welcome to Money Mola. Welcome. We’re excited to have you here.
As we start our journey to help people manage loans with family and friends, I wanted to take a moment to introduce our team and share our goals and dreams here at Money Mola.