Why you don’t want to pay off an installment loan early, and ways to work this system to your advantage? How should you take out a loan to maximize your credit and “break even” with FICO?

(EP9) Never Pay Off This Type of Loan Early

Click on the link type in the search the title below listen to the podcast and answer the following questions below.

https://rondilambeth.com/school-of-wealth/

Forget everything you think you know about loans. Rondi is here to tell explain to real way to build your credit, pay minimum interest, and benefit from your purchases. He explains how he has managed to save $14,000 on his $70,000 car — and how he plans to finance it for years to come to earn the benefit for his credit score, paying under $100 in interest.

• Why you don’t want to pay off an installment loan early, and ways to work this system to your advantage?
• How should you take out a loan to maximize your credit and “break even” with FICO?
• Why paying cash for cars (or any large installment loan purchase) is a bad idea?

Your paper should be a 1-3 page paper title page, reference page, page numbers and in APA or MLA format