Debt management 3

How to calculate your interest rate?

Debt is expensive! something said to be expensive if we give more than usual. Do you know how much excess that is given? can not deny that humans generally if you want to give more then it should get more than that is given. To know that we have to calculate the wear rate of interest, usually the debtor does not know too much of his debt matters, such as interest rate, penalties, grace
period, and others.
Debt (which in the mean productive debt) will be leveraged if we can manage it well. there are some questions you should consider before you analyze the sources of debt that you use, are as follows:

1.  Whether you like it or tend not owe this debt?
2.  Where do you buy an asset by way of debt?
3.  How much the interest rate on the wear on any debts?
4.  How long the debt payment deadline?
5. What resources are available to pay debt? salary. commission, fee. to borrow a new loan to pay off the old one, or sell assets?
6. Hhat happened between debt and your income? when income increases, whether the proportion of debt will also increase as well or even smaller?

    
Commonly used to determine the interest rate of our debt is the effective interest rate (effective annual rate / EAR), and the annual interest rate (annual percentage rate / APR).