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Liz Weston: 4 financial 'experts' who could steer you wrong

Liz Weston: 4 financial ‘experts’ who could steer you wrong
Liz Weston NerdWallet
None of us knows everything we need to know about money, so we may turn to experts for help. But some money professionals who offer advice are not qualified to do so – nor are they required to put our interests ahead of theirs.
Be cautious when accepting advice from the following sources.
Dealerships and auto loans
The dealership wants to sell you a car. To make the payments more affordable, you may be offered a loan that lasts six, seven or even eight years.
Longer loans can get you smaller monthly payments, but they cost more overall, since you’ll pay more interest. You’ll also likely spend several years “upside down,” or owing more than your vehicle is worth. As the car ages, you could easily face big repair bills while still making payments. If you needed to sell the car, you would have to come up with money to pay off the loan. ....

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Don't let these 'financial experts' steer you wrong

Some money professionals who offer advice are not really qualified to do so nor are they required to put our interests ahead of theirs. ....

Liz Weston , Security Administration , Security Solutions , Social Security , Social Security Administration , Social Security Solutions , Maximize My Social , லிஸ் வெஸ்டன் , பாதுகாப்பு தீர்வுகள் , சமூக பாதுகாப்பு , சமூக பாதுகாப்பு தீர்வுகள் , பெரிதாக்கு என் சமூக ,

4 Financial 'Experts' Who Could Steer You Wrong

KXLY
January 14, 2021 7:00 AM
Liz Weston
Posted:
Updated:
Getty Images
None of us knows everything we need to know about money, so we may turn to experts for help. But some money professionals who offer advice are not qualified to do so nor are they required to put our interests ahead of theirs.
Be cautious when accepting advice from the following sources.
The dealership about how long your auto loan should be
The dealership wants to sell you a car. To make the payments more affordable, you may be offered a loan that lasts six, seven or even eight years.
Longer loans can get you smaller monthly payments, but they cost more overall, since you’ll pay more interest. You’ll also likely spend several years “upside down,” or owing more than your vehicle is worth. As the car ages, you could easily face big repair bills while still making payments. If you needed to sell the car, you would have to come up with money to pay off the ....

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4 financial 'experts' who could steer you wrong | News, Sports, Jobs

Liz Weston
Metro photo
Not all financial advice should be heeded. For example, dealerships arenât a great place to get advice about how long your auto loan should be.
None of us knows everything we need to know about money, so we may turn to experts for help. But some money professionals who offer advice are not qualified to do so nor are they required to put our interests ahead of theirs.
Be cautious when accepting advice from the following sources.
THE DEALERSHIP ABOUT HOW LONG YOUR AUTO LOAN SHOULD BE
The dealership wants to sell you a car. To make the payments more affordable, you may be offered a loan that lasts six, seven or even eight years. ....

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Liz Weston: 4 financial 'experts' who could steer you wrong | iNFOnews | Thompson-Okanagan's News Source

None of us knows everything we need to know about money, so we may turn to experts for help. But some money professionals who offer advice are not qualified ....

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