College Tuition Making Pay Off Debt Wedding 
Savings Corner
DECEMBER 24, 2023
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. Once you receive the cash, you must make recurring, monthly payments until the debt has been fully repaid.
Savings Corner
APRIL 4, 2024
You’ll receive the funds in a lump sum, then make regular monthly repayments amortized over the term of the loan, typically as long as 30 years. If that happens, it can cause serious damage to your credit score, making it harder for you to qualify for future loans. You also don’t have to host a wedding (go to the courthouse).
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