It’s Crucial to Understand the Terms of a Loan

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If you’re going to borrow money in the form of a loan, you’ll need to be aware of the loan terms – and have a solid understanding of each one. Loan terms dictate many things, including how long you have to pay the money back and how much interest you’ll pay over the life of the loan. Read on to learn how to ensure you understand all the terms of a loan before you sign on the dotted line.

Image via Flickr/zwenzini

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