Savings Corner

APRIL 4, 2024

DSCR = annual net operating income / total annual debt, including principal and interest Many lenders won’t consider any business with a DSCR below 1.25, and the higher the number, the stronger you look. Your lender should have a full list of required documents for the business loan when you apply. Legal documents.

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Bank Banking Credit Finance 40

Savings Corner

DECEMBER 27, 2023

Ideally, getting one positively impacts your overall financial health, by helping you pay off debt faster, for example, or adding to the value of your home. It also provides an apples-to-apples comparison across financial products, so you can compare the cost of a personal loan to a credit card, for example.

Debt 40

Debt Home Improvement Consumer Credit 40

Savings Corner

DECEMBER 24, 2023

Working to improve your credit score and reduce your debt-to-income ratio before applying can help get you the best loan terms. Common reasons include paying off debt, financing a large purchase such as a vehicle or a boat, or covering the cost of a major expense like a wedding or a home renovation.

Debt 52

Debt Credit Cards Credit College Tuition 52

Prairie Eco-Thrifter

OCTOBER 15, 2011

Darwin’s Money: Better Off Unemployed Than Working Amazingly, even high paid workers can be better off unemployed than working due to certain common circumstances. Here is a real life example.

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October 2011 Finance Personal Finance 200