Some lenders use a tricky strategy known as the Rule of 78 to ensure you pay more for your loan up front, thanks to pre-calculated interest charges. Though this practice is banned in some states, ...
The Rule of 78 can be used by lenders to calculate interest that could significantly impact how much you end up paying over the life of a loan. Unlike the standard amortization method, the Rule of 78 ...
Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. Thomas J Catalano is a CFP and Registered Investment Adviser ...
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