#CFPB
Related posts · 6 posts
Pay Down the Loan or Keep the Deposit — 4.74m Won Over Five Years (2026)
A deposit rate above your loan rate still loses after tax. Breaking even needs 1.182 times the loan rate, and no such pairing exists in today's market.
Korea's Exchange Fee — 2,500 Won per $100, Where It Goes, and How to Pay Less (2026)
About 25 won per dollar on US cash. That is 75,000 won on $3,000, or 7,500 with a preferential rate. The rate printed large at the top of the app already had the fee in it.
Sending Money Abroad — The Question Isn't “What's the Fee?”
Scattered costs collapse into one line: exactly how much will they receive. And you still have thirty minutes after sending.
Refinancing — The First Question Is Not the Rate Gap but How Long You'll Hold It
Halve the rate gap and the payback period doubles. The CFPB handout has no break-even formula, so we ran one.
Foreign Payment Fees — Paying in Your Home Currency Doesn't Remove Them
The wording reads “foreign currency, or outside the country, or with a foreign merchant.” Switching currency leaves nowhere to escape to.
Compounding and the Saving/Investing Line — CFPB's Example Ends at Year Two, Worth $2.50
Run the same conditions for thirty years and it becomes $1,821. Tax takes close to half of that.