Best installment loans
Loans should be prioritized by their ability to improve human capital, says an ASU finance expert.
In this story published Nov. 21, 2024, on WalletHub:
Any loan that improves one's human capital or helps build one's human capital is good: mortgages, auto loans, student loans. Any loan that is purely consumption-driven (e.g., payday loans, buy-now-pay-later loans, upgrading to the latest car, travel, etc.) is best addressed by saving for it and purchasing in cash or not taking the loan at all. Sometimes getting an installment loan to consolidate and pay off all credit card debt and doing emergency repairs (again best addressed by saving for it in advance) might make sense.
– Sreedhar Bharath, Richard C. Kraemer Professor of Finance
Latest news
- Big gains for small firms
The SMB Lab is a first-of-its-kind initiative that has generated over $15M for Arizona's small…
- Full-time MBA program helps Gina Larson transition from Peace Corps to running cross-cultural venture
Returning from serving in the Peace Corps in Kosovo, Gina Larson (Full-time MBA '26) has found a…
- The subscription trap and how it impacts students' budgets
Monthly subscriptions can reinforce behaviors like the sunk-cost fallacy and loss aversion,…