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CONSUMER LOANS. PERSONAL FINANCIAL PLANNING DR. AA NEIDERMEYER. TYPES OF LOANS. AUTO DURABLE GOODS EDUCATION PERSONAL CONSOLIDATION. EDUCATION LOANS. STAFFORD PERKINS SUPPLEMENTAL PARENT WWW.FASTWEB.COM. SOURCES OF CONSUMER LOANS. COMMERCIAL BANKS CONSUMER FINANCE COMPANIES
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CONSUMER LOANS PERSONAL FINANCIAL PLANNING DR. AA NEIDERMEYER
TYPES OF LOANS • AUTO • DURABLE GOODS • EDUCATION • PERSONAL • CONSOLIDATION
EDUCATION LOANS • STAFFORD • PERKINS • SUPPLEMENTAL • PARENT • WWW.FASTWEB.COM
SOURCES OF CONSUMER LOANS • COMMERCIAL BANKS • CONSUMER FINANCE COMPANIES • CREDIT UNIONS • SAVINGS AND LOAN ASSOCIATIONS • SALES FINANCE COMPANY • LIFE INSURANCE COMPANIES • FRIENDS AND RELATIVES
MANAGING YOUR CREDIT • FINANCE CHARGES • LOAN MATURITY • TRANSACTION COSTS • COLLATERAL • TIMING OF PAYMENTS
FINANCE CHARGE OPTIONS • SIMPLE INTEREST METHOD • DISCOUNT METHOD
INSTALLMENT LOAN PROFILE • SECURITY AGREEMENT PROVIDES COLLATERAL ARRANGEMENT FOR SELLER • NOTE BINDS THE PARTIES • CREDIT LIFE INSURANCE?? • ?? ACCELERATION CLAUSE, REPOSSESSION, BALLOON PAYMENT
INTEREST COMPUTATION • SIMPLE • ADD-ON • NOTICE THE “APR” DISCLOSURE • ?? PREPAYMENT PENALTY