Loans Loans - A smart person will avoid loans if at all possible. Even though loans are a way of life in American society, the interest you pay in loans can eat you alive if you are not careful. Credit card debt is burying us, because the interest in these loans can be so high that unless you pay significantly more than the minimum amount that is due with every payment, you will never pay off the loans. In fact, this is what the lenders want you to do with your loans. If you pay off your loans, you will not give the lenders any more money. The lenders do not like to lose you as a source of income, so they hope you will just pay the minimum payment every month so that you will never erase the debts from your loans. If you are smart, you will pay off your credit cards down to zero every month, and only buy cars when you do not have to get loans for them. Then you will not have any loans except for the ubiquitous home loans, and if you pay those ahead of schedule you may not have home loans either. Quelle "Loans" : General Main page for "Loans"