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You may have gone through the blogs here but may feel that since you paid off your loan already or closed your loan account already or became bankrupt already. So you may feel you cant do anything. This is not true, if this happened in less than 6 years before…

A place with lots of mice (plural of Mouse) found their killer cat, coming silently and eating away some of the mice. This was happening everyday. So the mice had a meeting and decided, if they get the warning sound that the cat is coming, it will help all mice…

Sure, the problem of interest happened/happens/will happen only to people who borrow! It cannot happen to those who live on savings than borrowing! My parents taught me to live in my means and not to borrow, so why should i bother about Interest Problem? Let people who are affected, deal…

Out of many names of expenses of investors and business owners, Cost of goods sold, Rent, Wages are usually the most huge expense. Usually these are negotiable by Investors and business owners. So they are determined by equal position for the investor/business owners – supplier/landlors/employees. Constantly the investors/Business owners are…

Even the politicians can understand, how the Bank interest excel i placed here 2 days back to work out the savings on interest by adding the word Principal, saves more than $115K for a loan of $500K at 4% for 30 years! This is NOT limited ONLY to individuals buying…

In terms of repayment amount, on a variable loan, when interest rate is increased, Banks are legally given the authority to increase the amount of repayment, using this reference rate. This is like a table, where for a given percentage of increase in interest rate, given percentage of increase in…

Yesterday i placed the excel here to show how the majic word ‘Principal’ between the words ‘Balance” and ‘Owing’ WILL SAVE more than $115K on a $500K loan of 25 years at 4% Interest p.a., In the excel you will notice that Column B shows that total interest currently taken…

Here is the link for an excel for you to see for yourselves, currently at what point of interest rate increase your contract is invalid https://1800eaudit.com.au/wp-content/uploads/2019/11/LoanCanNEVERbePAIDOFF-1.xls

The link here will help download Excel 1997-2003 pre formatted, will help you to put your loan amount, interest rate you signed in for, number of years loan it was. Once these keyed in, you will the the result of how much you can save and in how many years…

If the Interest Amount in the loan statement IS MORE THAN the total of your repayment amounts in that month (for eg Interest on 30 April should be compared with the repayments in April), this means the CONTRACT IS FRUSTRATED. NO ONE IN THE WORLD can PERFORM this kind of…