Late fees can eat into your debt repayment plan, but having a high interest rate is even worse. Yet, most of us are more likely to call and ask to have a late fee waived. Try calling your card issuer and asking for a lower interest rate.
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Dear Lifehacker, My fiancé and I recently moved back with our parents to save money for a house. We currently have a car on finance, and a personal loan for wedding deposits. My parents are advising us to pay off our loan FIRST before even looking at a house, however my fiancé’s parents are simply advising us to save up a deposit for a mortgage and then roll the loan into that mortgage so it's only one payment.
What if a bank's interest rates were so low, they actually charged you to keep your money there? And what if you could take out a loan without paying any interest at all? That's the idea behind negative interest rates. We're sort of in uncharted territory with this concept, which is why it's making headlines lately. Here's a quick rundown of what negative interest rates are and what we can expect from them.