Finance: Loans

When comparing offers, don't just look at the monthly payment. Experts from First Alliance Credit Union emphasize focusing on the .

: Beware of "quick loans" or payday options . With interest rates often ranging from 20% to 40%, they can trap you in a cycle of debt where most of your paycheck goes toward interest rather than the principal. 3. Credit: Your Financial Passport LOANS FINANCE

: New tools like Buy Now, Pay Later (BNPL) loans can hurt your score if you open too many at once, as they lower the average age of your credit history. When comparing offers, don't just look at the