Step 3 of 6
Clean-up: Debt
From good credit to financial freedom
Not all debt is the same. You learn to tell credit that helps you from credit that costs you, how to choose a repayment strategy and how to avoid expensive traps.
Lessons
0/4 completed- 7 min
Good credit vs. bad credit, and what DAE is
Not every debt is a problem. See how to tell credit that helps you from credit that costs you, and why DAE is the figure that really counts.
- 6 min
Snowball vs. avalanche: two repayment strategies
One optimises the maths, the other optimises motivation. See which one suits your situation.
- 5 min
Early repayment and your legal right (OUG 50/2010)
You have a legal right to repay a consumer loan early in Romania. See what that means in practice and when it is really worth it.
- 6 min
The traps: IFNs, shopping cards, BNPL
“Buy now, pay in 4 interest-free instalments” sounds harmless. See why these products can quickly become expensive if you don't understand them fully.
Action checklist
What you do concretely this week, for step 3.