When you make a series of monthly payments to pay back a car or home loan, a portion of the payment goes to interest and a portion pays down the principal balance.
The personal finance channel at Bright Hub wants to help you make the most of your dollar. From the basics of budgeting to how to use online technology to track your expenses, you’ll discover a wealth of articles devoted to helping you understand the ins and outs of growing your personal finance. A team of financial professionals and technical writers will provide FAQs and tips as well as honest and detailed software reviews of the latest personal finance and tax software programs such as Quicken and Turbo Tax.
Imagine this scenario: You embark on the search for your ideal car or home. Upon finding it, you excitedly go through negotiations and financing only to discover the monthly payments are well beyond your reach.
An Explanation of Benefits or EOB is a document you’ll receive from your health insurance provider after processing a claim on your behalf. It is not a bill. Here we’ll walk you through a sample EOB.