Loan Payments facts
While investigating facts about Loan Payments Calculator and Loan Payments Formula, I found out little known, but curios details like:
Britain incurred so much debt fighting World War II that it didn't make its final loan payment until 2006.
how loan payments work?
Cinco de Mayo is in celebration of the day Mexico defeated the French, at the Battle of Puebla. Where France were trying to collect on previous loans Mexico stopped making payments on.
What are payments on a home equity loan?
In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what are payments on a 10000 loan. Here are 14 of the best facts about Loan Payments Calculator Car and Loan Payments Tax Deductible I managed to collect.
what is monthly home equity loan payments?
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Student loans that are "forgiven" after 25 years of payments, are treated as TAXABLE INCOME; meaning huge taxes due IMMEDIATELY, and could be 5 + figures.
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Some debts are not erased when an individual files for bankruptcy. These debts can include child support payments, legal fines, some student debts, car loans, mortgages, and alimony payments, depending on where the individual lives.
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In the USA, 1 in 4 of the more than 41 million people with student loans is in default or struggling to make payments.
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Germany made its final payment of loans debts related to WWI reparations on October 3rd, 2010.
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Even though it has some of the most reasonable housing costs in Europe, rising rents mean that 1/5 of households in Austria have taken out loans to cover rent payments.
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The US government has never missed a payment on its loans
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In 1997 a businessman purchased the New York Islanders NHL team for $165 million despite not having the money to pay for it. He forged letters declaring overseas assets, got a loan for $80 million via fraud, and delayed the payment process via 'processing errors' ($17 k instead of $17 mil).
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In 1970, median income=$6186, median home=$23,000, interest rate=7.5%, payments (P&I) were $209/mo. In 2018, median income=$61,000 (10X 1970), median home=$226,800 (10X 1970), interest rate=4%, payments were $1296/mo. 2018 av student loan payment $351. $1296+$351x2=$1998 (10X 1970).
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You can pay Student Loans off faster by specifying that any additional payments you make go towards the principle only.
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China requires women to submit nude photos along with contact information as collateral when receiving a loan which will be sold online to potential customers of prostitution or human traffickers, should the woman fall behind in payments.
Loan Payments data charts
For your convenience take a look at Loan Payments figures with stats and charts presented as graphic.
Why defer student loan payments?
You can easily fact check it by examining the linked well-known sources.
Mitsubishi once offered "0-0-0" to customers. 0% interest, 0% down, and 0 payments (deferred) for one year. Initial sales rose, but many customers defaulted on their loans, leaving them with used vehicles for which they received no money and worth less than they cost to manufacture.
Fine art can be traded for student loan payments using PaintCoin. - source
Loan payments infographics
Beautiful visual representation of Loan Payments numbers and stats to get perspecive of the whole story.
$67k of student loan payments over 3.5 years of grad school
