Mmastodon BusinessPersonal Finance first seen 1 d ago, last 44 min ago, peak #2

Know the Goalpost Rule before signing any loan agreement

Original: Before you sign the next one — Know Rule iv. The Goalpost Rule. Classification is fixed at origination. Asset stays Asse

A personal finance tip is circulating warning borrowers about 'the Goalpost Rule': once a financial contract is signed, the classification of an item as an asset or a liability is fixed at origination and cannot be changed afterwards. The advice urges people to read the full terms carefully before putting pen to paper, as cited in rule RM144.

Why now: People are sharing practical contract-signing advice to help others avoid unexpected loan terms.

6CircleSociety

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Evidence

• Before you sign the next one — Know Rule iv. The Goalpost Rule. Classification is fixed at origination. Asset stays Asset. Liability stays Liability. The goalpost doesn't move after you sign. Read the rules before the pen. RM144 Read it yourself:… · 6CircleSociety · 2

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