Savings Corner

APRIL 4, 2024

To find out whether your business can afford a loan, many lenders will use something called a debt service coverage ratio (DSCR). Brick-and-mortar banks tend to work with businesses that have a strong financial profile. For the best interest rates, most banks will look for a score of 680 or higher. Some lenders require both.

Bank 40

Bank Banking Credit Finance 40

Savings Corner

DECEMBER 24, 2023

Key takeaways A personal loan is money you can borrow to finance large purchases, consolidate debt, invest in yourself or cover emergency expenses. 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

Family Balance Sheet

AUGUST 11, 2016

” Her comment was echoed by another (in real life) conversation I was having with a different friend who is sending a child off to college this fall. The cost of college education is crushing and many parents feel compelled to assist or pay for the entire tuition. This leaves not much left to save for retirement.

Emergency Fund 100

Emergency Fund Money Finance Debt 100

Prairie Eco-Thrifter

JANUARY 6, 2011

This savings can be directly applied towards your smaller debts such as credit and store cards in order to clear them more quickly. Trying to manage your finances and prioritize on paying off debt is impossible if you don’t keep a proper track of your income and outgoing’s.

Debt 113

Debt Finance Pay Off Debt Credit 113