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    You Can Now Skip Car Loan Payments: Don’t Skip Car Loan Payments!: Financial Freedom, #116
    You Can Now Skip Car Loan Payments: Don’t Skip Car Loan Payments!: Financial Freedom, #116
    You Can Now Skip Car Loan Payments: Don’t Skip Car Loan Payments!: Financial Freedom, #116
    Ebook84 pages55 minutes

    You Can Now Skip Car Loan Payments: Don’t Skip Car Loan Payments!: Financial Freedom, #116

    By Joshua King

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    About this ebook

    It is a new age, and it comes with a new financial product. I logged in to pay my car note, and I had the offer to skip a payment.

     

    Wow, for a $25 fee, I can be in the same financial position as last month. Make no mistake; this is a dangerous proposition.

     

    It is essentially a payday loan to yourself—putting a bandaid on the problem. Instead, finding the source of your financial trouble is much more challenging.

     

    Prepare yourself because it will only get worse. Student loan payments will return soon, and you best believe they will arrive with a skip button (for $25, of course). Be careful out here!

     

    LanguageEnglish
    PublisherJoshua King
    Release dateFeb 23, 2023
    ISBN9798215618899
    You Can Now Skip Car Loan Payments: Don’t Skip Car Loan Payments!: Financial Freedom, #116

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      Book preview

      You Can Now Skip Car Loan Payments - Joshua King

      Table of Contents

      MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF

      You Can Now Skip Car Loan Payments

      Monthly Dividend Tracker Template: Buy on Etsy

      All Right Reserved Military Family Investing | 01  You Can Now Skip Auto Loan Payments

      02  Credit Card Users Beware

      03  Debt-Free Society: Beat Automobile Debt

      04  Debt-Free Society: Beat Student Loan Debt

      05  Mortgage-Backed Securities vs. Treasury Bonds

      06  I Love Paying Bills

      07  The Magic of Cash Flow

      08  Small City. Passive Income. Great Retirement.

      09  Find Your People

      10  I live Paycheck to Paycheck 4

      Try Something New -Free PDF Download

      MILITARY FAMILY INVESTING

      Sign up for Joshua King's Mailing List

      Also By Joshua King

      MILITARY FAMILY INVESTING

      Joshua King

      Home of the Free PDF

      www.militaryfamilyinvesting.com

      You Can Now Skip Car Loan Payments

      Don’t Skip Your Car Loan Payments!

      01  You Can Now Skip Auto Loan Payments

      02  Credit Card Users Beware

      03  Debt-Free Society: Beat Automobile Debt

      04  Debt-Free Society: Beat Student Loan Debt

      05  Mortgage-Backed Securities vs. Treasury Bonds

      06  I Love Paying Bills

      07  The Magic of Cash Flow

      08  Small City. Passive Income. Great Retirement.

      09  Find Your People

      10  I live Paycheck to Paycheck 4

      Free PDF Download

      1)  PDF of the Month: Don’t Gamble with Retirement 9 (Free 394-Page PDF)

      2)  Free PDF Downloads: Download FREE PDF LIST here

      3)  Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)

      4)  Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)

      5)  Investing: How We Plan to Retire on Dividends 4 (Free 139-Page PDF)

      6)  Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)

      7)  Real Estate: Financial Independence through Real Estate 4 (Free 112-Page PDF)

      8)  Business: Retire Rich, Retire Comfortable with a Business 4 (Free 149-Page PDF)

      9)  Latest DGWR: Don’t Gamble with Retirement 9 (Free 394-Page PDF)

      10) Everything!: The Biggest Book on Passive Income Ever 3! (book)(Web Edition)(Art Edition)

      11) I bought a Kindle Oasis: Check it out on Amazon

      12) Read My Books for Free: Free Kindle Books Schedule

      13) Book Design: Design Tips on YouTube

      14) Kindle Unlimited: Why I Finally Subscribed Kindle Unlimited (learn more)

      15) Book Reviews: 505 Takeaways from 101 Books (pdf)

      16) Writing: The Publishing Chronicles (Part 1, Part 2, Part 3, Part 4, Part 5)

      17) Best REIT- Fundrise: REITs vs. Homeownership (Join Fundrise)

      18) Follow us: On our Facebook Page and Join our Facebook Group

      19) Support the Channel on Cash App: $Kingmarine1981

      20) For more detailed analysis, join my Youtube: MFI YouTube Channel

      ––––––––

      Monthly Dividend Tracker Template: Buy on Etsy

      Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article.

      All Right Reserved Military Family Investing

      01  You Can Now Skip Auto Loan Payments

      I logged in to pay my monthly car payment and received a strange notification. I could now skip my car payment for a $25 fee.

      The implications of this type of program are far-reaching. In essence, it’s a payday loan. Keep in mind that this came from a Federal Credit Union—the supposed good guys.

      The sneaky lenders. I wrote an article about some shady dealings I had with credit card companies recently ("Credit Card Users Beware").

      While this one isn’t shady, it is sneaky. While postponing your auto loan won’t change your loan stats, it will change your APR.

      Staying Debt-Free in Your 40s

      Your Annual Percentage Rate is different from your interest rate. Your APR is your interest rate plus any fees you incur.

      If you assess $100 in skipped auto payments, your APR will shoot through the roof. However, this is a license to print money for lenders.

      The facts of auto loans. I am not a huge fan of car payments. I only bought this car because the Marine Corps stationed me in San Diego.  I wanted to ensure my wife had two cars in Florida.

      I don’t think lenders will let you skip car payments indefinitely because the value of your car will continue to drop over time.

      The Publishing Chronicles

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