(EP9) Never Pay Off This Type of Loan Early

Forget everything you think you know about loans. Rondi is here to tell explain to real way to build your credit, pay minimum interest, and benefit from your purchases. He explains how he has managed to save $14,000 on his $70,000 car -- and how he plans to finance it for years to come to earn the benefit for his credit score, paying under $100 in interest.   Covered in this episode: Why you don’t want to pay off an installment loan early, and ways to work this system to your advantage Ways to take out a loan to maximize your credit and “break even” with FICO Why paying cash for cars (or any large installment loan purchase) is a bad idea And more!   The Business Credit page Rondi mentioned is here. Find the full show notes for this episode here.   #AskRondi your question   Please rate & review us on your app of choice, so we can build the show and get on top-tier guests for YOU to enjoy! Pass on the gift of financial freedom: tell a friend about the School of Wealth. And don't forget: Subscribe! It's "School of Wealth" on your podcast app, or wherever you listen. Follow @RondiLambeth on Facebook, Instagram, and Twitter.   Sign up to manage all your money in one place on CreditMojo.com!   Subscribe on iTunes Follow on Spotify Subscribe on Stitcher Listen on SoundCloud