How much debt do you have? I have about $50,000, including a car loan and consumer. (not including mortgage)?
Please tell me what your total debt figure is and what does that debt include. (student loan, car loan, credit card, etc) I’m really curious as to what kind and how much debt others have in comparison to mine.
I really appreciate people who take the time to answer questions. Just want to point out though, that I’m not in financial trouble and don’t need a loan! I’m just curious about average debt loads.
Would you expect a private consumer loan to have a higher or lower interest rate than a home mortgage? (In your answer be sure to use one of the core principles of money and banking)
A. Mortgage rates are always higher
B. Interest rates are roughly equivalent
C. Private loans rates are generally higher
D. none of the above