Loans and Debt

Written by

in

Debt is a tool with a cost. MoneyCQ tracks every loan as a real product with weekly payments and interest — and debt drags on your CQ.

What it is

A loan system covering student loans, vehicle finance, and general borrowing, each with its own terms.

What it does

  • Charges interest and a fixed or income-scaled weekly payment.
  • Counts every loan as debt in net worth.
  • Adds to your weekly payment load — the money that can’t go anywhere else.
  • Settles vehicle loans automatically when you sell the car.

How to use it

  1. Review all loans on the Money screen.
  2. Pay more than the minimum when you can — interest compounds against you.
  3. Watch your weekly payment load: too much debt squeezes your buffer.

Good to know

CQ perks help here: Preferred Rates and Mogul Touch lower your loan interest margins.

Ready to try it? Start a life at app.moneycq.com — your first week takes about two minutes.