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
- Best first credit cards
An ASU management expert shares how first-time cardholders can build credit wisely and avoid…
- Vanguard's S&P 500 index fund changed how we invest — but there may be a smarter way to get a piece of the market
An ASU finance expert's research investigates whether equal-weight or value-based index funds…
- Why employees with working-class roots are better at getting their ideas heard
An ASU management expert's research found that upwardly mobile employees tend to demonstrate an…