Consolidation marketing outpaces consolidation arithmetic
One payment instead of five is a real benefit. It is an administrative benefit, and it is routinely sold as a financial one.
No. 01 Lead story
Hardship and forbearance programmes, assessed
Every major lender has one. Assessed on what they actually offer, what they cost in interest and credit-file terms, and why they are so hard to find before you need them.
Story index
04 stories on file Debt consolidation, assessed with the arithmetic shown
The product's benefit is real and its cost is arithmetic. Here is a worked illustration, with every assumption stated, showing exactly where a lower monthly payment gets expensive.
Early-settlement rules are the least-read clause in consumer credit
Paying a loan off ahead of schedule is a right in many markets, and it rarely works the way borrowers expect. The clause governing it is in every agreement and read by almost nobody.
About Repay Desk
Repay Desk — Loans and repayment, explained plainly. Every story indexed, numbered, and timestamped.
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