Tag Archives: interest payments

Credit card statement balance vs. current balance

Swiping a credit card to pay for everyday things is so easy and so frictionless. Swipe here for a smoothie, swipe there for a new pair of shoes.

When you buy on credit, it’s easy to forget that you’re paying for that item with money that doesn’t belong to you. In essence, it’s almost like taking out a short-term loan to make a purchase. Depending on how long…

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What are mortgage bonds?

A mortgage bond is a bond in which holders have a claim on the real estate assets put up as its collateral. A lender might sell a collection of mortgage bonds to an investor, who then collects the interest payments on each mortgage until it’s paid off. If the mortgage owner defaults…

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