Are there any disadvantages to getting a consolidation loan?

YES, there could be. Consolidation is used as a debt management tool and is ideal for those who are having difficulty making their monthly payments ... market at the wrong time. If you happen to consolidate your federal loans when the interest rate is high than you are stuck with that rate. You can not consolidate your loans again at a later date [more...]

Date: 2008-12-29 21:46:40

Blog posts (107) | Videos (156)
 

How You Will Spot a Worthy Car Loan

by Sandy Maseko You should attain and keep a good credit rating ... know when you begin your search online for a new or used car loan is that you are going to see interest rate ... a higher interest rate on the lending amount. If a borrower gets a car loan at low annual percentage [more...]

Date: 2008-09-23 07:26:45

Breakaway from Bad Credit!

No more bad credit! Outtadebt.com has helped thousands of people just like yourself get out of high interest rate credit card debt and other high interest monthly payment loans through their bill consolidation loans. One type is through ... type of loan , in a sense, compared with the popular credit card that everyone seems to have nowadays [more...]

Date: 2008-11-27 17:51:51

Illinois Regulators Take Aim At Car Title Lenders

As you might remember, efforts in the General Assembly to crack down on predatory "payday" ... loans is the combination of exorbitant interest rates and meager regulation. Indeed, title loan ... these proposed rule changes: - Restrict loans to $4,000 or less. - Limit the number of times a loan [more...]

Date: 2008-07-23 16:57:45

Refis

On the eve of the closing for my refinancing, I notice this from the W$J: ... ). Now I understand why: Only about a third of U.S. mortgage debt outstanding is likely to qualify ... Interest rates on fixed-rate mortgage loans for prime borrowers have fallen to below [more...]

Date: 2009-01-15 16:42:15

Are mortgage rates heading lower

As the stock market gains new ground investors are looking to short rates as a marker for future interest rates ... . As applications for home loans have actually seen an increase. This is a good sign for those who provide debt consolidation loans, as more people are now getting back into the market to look to lower [more...]

Date: 2009-01-10 13:42:54

When Banks Increase Profits In A Falling Market

While we have all seen the headlines about debt problems in the UK, falling house prices, etc, you would have thought that the banks would be struggling to make money.  Think again! The only real way in which banks can lose money, from their traditional banking operations, is by writing off bad debts.  You may find this a little curious because surely as interest rates fall, their profit from each loan, each mortgage  and other instruments will fall – not always. [more...]

Date: 2009-09-25 02:04:09

One in Ten Mortgages in Crisis: How To Make Smart Real Estate Decisions in Today’s Market

I couldn’t believe my eyes this weekend. I was watching CNN (no surprise), and as I was listening to the live coverage of O ... rate. I researched different mortgage loans. Plus, I was freelancing for a mortgage and loan website ... with an interest only home loan, we chose predictability over payment shock. Don’t “Splurge” [more...]

Date: 2008-12-15 18:18:27

Re: Edwards to speak publicly again

Senator John has been a modern day Paul Revere. I remember his July 2007 Coopers Union speech where he tried, oh so gently, ... national laws protecting us against the worst abuses in credit markets predatory mortgages,abusive credit card terms, and payday loans with interest rates of 300 percent or higher. Finally [more...]

Date: 2008-11-11 06:22:53

Arizonians Fight Payday Lending Virally

Arizonians Fight Payday Lending Virally by Adam Doster on September 11, 2008 - 1:06pm In 2000, Arizona Governor Jane Hull (R) offered payday loan organizations a 10-year exemption from the state's Consumer Loan Act, which caps the interest rates attached to payday loans at 36 percent. With that exemption set to expire [more...]

Date: 2008-09-11 18:06:56

HOUSING PUSH FOR HISPANICS SPAWNS WAVE OF FORECLOSURES

For years, immigrants to the U.S. have viewed buying a home as the ultimate benchmark of success ... loans, which carry high interest rates and are tailored to borrowers with low credit scores or few ... multiple cash jobs, but had no savings or established credit history to allow them to qualify [more...]

Date: 2009-01-06 13:19:54

Is Fiscal Policy the Magic Bullet?

Last February I wrote to you about how mistaken it was to see monetary policy and Fed intervention as magical cures for structural and solvency ... , permanently high home prices and endlessly expanding equity multiple bubbles. Why? Can't ... that terrified investors - many from overseas - will loan to us at shockingly low rates of interest [more...]

Date: 2009-01-06 16:22:32

Why do we take unnecessary risks?

Watching the news, 40% of Galveston residents chose not to evacuate in advance of a storm that was rated, on an intensity energy scale, ... on this student loan (because interest rates represent a blend of profit-making and risk-taking [more...]

Date: 2008-09-13 14:47:40

Handling Your Debt - What Tax Implications Are There?

by William Blake Sometimes when considering different ways to handle debt some fail to consider how some options may have a better tax benefit than ... to finance just about anything - an auto purchase, repayment of credit card debt… you name it. Even if your home equity loan has the same interest rate as your credit card it is still the better [more...]

Date: 2008-09-18 18:16:28

LendingClub.com Could Not Help Me Refinance My Car Loan. – Erik

Rollover USA-401K Rollover to IRA is a post from: Rollover USA-401K Rollover to IRA “Dear Steve, My situation revolves around my car loan. I got my loan back in July 2006, and the interest rate was high, understandably because I had bad credit. Now two and a half years later, it seems that it still is horrible, because NO ONE will refinance me. I tried LendingClub.com (I googled my problem, [more...]

Date: 2009-09-29 19:01:13

Finding the Right Lender

by Mary Bush Often when people think of applying for a loan, they consider only the terms of the loan, such as the interest rate that they will pay ... has a record of frequent complaints against them. If they have, or are a company that is not in good [more...]

Date: 2008-12-26 14:13:37

How To Process Your Pay Day Loans UK

by Rashel Dan Pay day loans UK have become quite popular these days. These short-term loans allow for immediate cash solution ... of proof that one is able to pay the loan in full plus the interest rates. This can be proven ... entering any legal agreements with any loan stores or financial institutions. Here are a couple [more...]

Date: 2009-01-16 03:15:04

Property expert: Can I lend or donate money to my children?

Q I am over 70 and have at least £100,000 in an e-savings account, as well as £35,000 in fixed-rate bonds ... to reduce their outstanding debts, but would it be better to concentrate on the fixed-term loan ... at a rate of interest that is lower than that they are being charged by their mortgage lenders [more...]

Date: 2009-01-14 00:10:01

Fast Cash

Many people nowadays, especially because its the holidays, find themselves strapped for cash. My friend John had to take payday loans in order to pay off his debts. What he did ... track of his payable and its charging lesser interest rates than the bank. Anyway, loans or fast cash [more...]

Date: 2008-12-07 08:07:39

How the Recession Affecting the Loans Market

If you are looking for a loan or line of credit be ready to be depressed. The fact is that even if you have a perfect credit history, you’re likely to be offered a smaller loan than you applied for at an interest rate far higher than you’d ever expected. And there are likely to be onerous conditions attached. Take homebuyers for example. Over the last 18 months, the number of mortgage packages on the market has fallen from 30,000 to just over 2,500. [more...]

Date: 2009-09-11 01:49:24

Best Credit Repair - Outdated Credit Fixing Techniques

Having bad credit report affects you in all financial aspects of your life, there is strongest reasons then, justifying a credit fixing as soon as you can, you will get the benefits of lower interest rates on all kind of loans you apply for. However, there some important points to take in consideration when you ... [more...]

Date: 2008-12-27 19:00:59

How A Consolidation Loan Can Help You

by Mike Carbeck Misusing credit cards is the main reason people run into uncontrollable spending and find themselves facing large payments combined ... cards, however this is where the similarities end. These loans will roll all of your credit card debt into one lump loan and will eliminate the individual interest rates that some credit card companie [more...]

Date: 2008-12-03 10:44:44

A Consolidation Loan Is Not For Everyone - Is It For You?

by Jeffery Williams If you are among the many individual struggling with debt there are a lot of companies who provide consolidation services ... is better then credit card debt negotiation however each situation is different. ... , debt consolidation can also provide a lower interest rate plus the length of the loan may [more...]

Date: 2008-09-23 17:16:24

A Cause for Celebration

To celebrate Independence Day, Higher Ed Watch will be going on hiatus next week ... that have occurred in the Federal Family Education Loan (FFEL) program in recent years. Most of these changes ... substantial changes are to the federal student loan programs and the interest rates charged [more...]

Date: 2008-06-26 15:20:31

3 Ways To Consolidate Debt and Avoid Bankruptcy

If you’ve racked up a little more debt than you can handle, you’re not alone ... , that promise to erase or consolidate your debt for an outrageous fee. Although you will have to pay for debt ... want to consider consolidating your debt into a home equity loan. The interest rate is usually [more...]

Date: 2009-01-10 15:42:12

Loan Calculator Tips To Save You Money

by Kimberly Eaves This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-19 23:08:59

5 Fixes for Financial Woes Get Out of Debt Fast

This year we are not in a good shape when we talk about financial status. We expect too much of our farm crop ... and every debt. Include the debtor’s name, the amount of the debt, the interest rate, and the minimum ... . Put “bad” debts, such as unpaid high-interest credit card balances and payday loans – cash loans [more...]

Date: 2008-12-10 04:04:12

Is a reverse mortgage a good thing??

by Doc Schmyz If you have already heard the term reverse mortgage, it still sounds a little odd ... s age, equity of the house, interest rate on the loan, closing fees, and a few other factors ... is so these questions can be answered. The name is somewhat confusing. A reverse mortgage is a loan [more...]

Date: 2009-01-06 22:24:09

Loan Calculator Tips To Save You Money

by Robyn Eagan This article explains a few things about simple loan calculators, and if you’re interested, then this is worth reading, because you can never tell what you don’t know. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-24 17:59:37

Weighted Average Cost of Capital Doesn't Include Everything

Or: Figures don't lie, but Liars Sure do Figure! We've got a lot of people with loans in the low fives, interest rate wise, ... : $350,000 first at 5.25% $100,000 second at 8.5% $50,000 consumer debt at 12% This person then used ... that there's enough equity in the property to absorb the full amount of excess debt without PMI. Robert [more...]

Date: 2009-01-11 17:50:23

How To Get Home Equity Loan Without Income Verification

A fixed loan option is perfect for individuals who know exactly how much money is needed and only want to borrow up to 125% of the property value and usually offers a fixed interest rate. The 125% loan allows the borrowers to borrow at any time, such as for home improvements or sending children to college. [more...]

Date: 2009-09-28 02:40:09

Subprime Containment Theory Was a Lie

Conventional wisdom (or market spin) was that the risk of default from subprime would not spill over into Alt-A and Prime loans ... was the negative amortization loan. The loan balance can grow each month as the deferred interest is added ... they have not been widely exposed to these loan types. An adjustable rate mortgage resets to a different [more...]

Date: 2009-01-14 03:59:54

Home Prices May Be Nearing Bottom, Bank Equities to Follow?

I remain optimistic that housing is nearing a bottom ... traffic. Add to the fall in prices, the recent sharp reduction in 15 and 30 year mortgage interest rates ... news about loan losses. In my judgment, most banks in the US have been trying to get out ahead [more...]

Date: 2009-01-14 07:24:00

Consolidation Loan Choices Make Choosing Easier

by Daniel Atolben Debt consolidation loans were created solely as a means for putting all the debt together, or consolidating it, ... takes your debt total, and through many different types of loans, can, with the appropriate credit ... with the highest credit rates. Home equity loans are also valuable to a consumer interested in debt [more...]

Date: 2008-12-25 14:11:33

Automaker Bailout? Sure. Bank Bailout? Let Us Get Back to You.

In America, everyone is equal. But some bailouts are apparently more equal than others ... industry at below-market prices. The $25 billion bailout loan to the automakers was signed ... interest rates, which intensifies the cash shortage. Still, every student of finance is familiar [more...]

Date: 2008-10-01 16:04:45

Passin’ the Buck

My morning ritual combines breakfast and channel surfing, to get a flavor of what we used to call the “mass media” considers newsworthy ... administrators of the federal student loan program. ASA has put forth a proposal for federal student loan reform ... is on the up and up, interest rates are high, repayment options are limited, and students face the [more...]

Date: 2009-01-13 14:15:10

RV Loan Calculator

Different lending institutions offer varying RV interest rates. It is easy to understand the purpose of RV loan calculator by checking online. Almost all financial companies have RV loan calculators. Using a calculator helps determine ... concern. A RV loan calculator ... [more...]

Date: 2009-01-15 15:05:40

A Brand New Mortgage Calculator Widget

For the real estate professionals and web publishers out there — we now have another widget that you can utilize to quickly and easily add great ... visit Zillow Mortgage Calculators to see this content. Get custom loan quotes — anonymously Zillow ... current rate to plug in. Most mortgage calculators list 6% as the default interest rate, but mortgage [more...]

Date: 2008-10-03 19:13:56

Keeping Your Mortgage Interest to a Minimum

When it comes to buying a home and taking out a mortgage, the fact is that the interest you pay will likely be your biggest expense ... things you may not have thought of. Before applying for a loan, many people close credit card ... their lowest interest rates for those with the very best credit scores and credit histories [more...]

Date: 2009-01-15 02:50:33

Help a Reader: Funding College

Here's a question I recently received from a reader: Should I take a new Stafford Loan for school, or just put it on a credit card? CC rate is 5.9% Student Loan is 6.8% Each 6 month term will be around 3k. I'm looking at 4 terms to finish. The tax benefits of the Student Loan are interesting, but I'm not sure how great they will really [more...]

Date: 2008-08-26 19:46:10

Debt relief Deals “attack on the confidence of consumers”

How’d you to your monthly credit card payments and loans - guaranteed? ... said Carol creditors can lower their interest rates. Carol, who can pay their credit card, mortgages ... rate or reduce the amount you are liable. But beware! Some of these programs are debt relief Scams [more...]

Date: 2008-07-18 10:38:03

Mortgage Refinance – Tips and Ideas to Help You Apply For Mortgage

Mortgage refinance is one of the best ways to save money and increase savings. Doing your homework in terms of research will definitely help you to avoid the hidden cost and other expenditures. It not only lowers the monthly payment as the interest rate drops but also shortens the tenure of the loan period which is anytime beneficial to clear the debt as soon as possible. [more...]

Date: 2009-09-29 18:16:17

?

Finding the Perfect House with Foreclosure Home Listings Many first time home buyers want to buy a home for less than market price, ... , so you can make an informed choice. If you are a veteran you may be able to get a VA loan with zero ... for you to afford the home, but the interest rate will be from 0.5 to 1.0 percent higher than a loan [more...]

Date: 2009-01-10 06:17:03

Six Fed Banks Sought Sharp Rate Cut

The size of the Federal Reserve’s interest-rate reduction last month surprised markets ... banks, which make direct loans to commercial banks in their districts, vote periodically on where ... , Minneapolis and San Francisco — voted December 11 to lower the discount rate (for direct Fed lending [more...]

Date: 2009-01-13 11:24:00

Fed Slashes U.S. Interest Rate To Basically Zero

Wasn’t the Fed supposed to cut rates in half today, from 1 percent to 0 ... income” no-doc teaser-rate reverse-equity 105% loans that enabled Juan Drywallhanger and his old lady ... $40,000 per year and already buried in credit-card and SUV debt. So, now that grand era can return again [more...]

Date: 2008-12-16 20:54:35

Loan Calculator Tips To Save You Money

Imagine the next time you join a discussion about simple loan calculators. When you start sharing the fascinating loan calculator facts below, your friends will be absolutely amazed. Interest only refinance loans offer the flexibility of lower monthly payments and increased cash flow along with providing tax benefits. If you want the best rates when mortgage refinancing you, nothing beats knowing that you can compare offers from lenders or get different brokers. [more...]

Date: 2009-09-18 09:47:43

Peer to Peer Lending Offers High Returns In Low Rate Environment

One of the side effects of the atrocious market we have endured in recent months is incredibly low interest rates on deposit accounts ... your $10,000 debt consolidation loan, but I can pitch in $100 along with dozens of other investors ... the current loan listings at Lending Club I see a variety of loan requests from debt consolidation [more...]

Date: 2008-12-15 11:00:20

Setting Long-Term Goals and Getting There after College

by Landon McGehee I had a relative graduate from college recently, ... you can receive a loan and what your interest rate will be. Others - including your landlord [more...]

Date: 2008-11-05 19:53:11

Does It Pay to Re-Finance?

Does It Pay to Re-Finance? Refinancing your mortgage can be an excellent opportunity to save money and get better terms on your home loan ... of re-financing. These situations include when rates of interest drop, when the householders credit ... t be longer than the householder plans to retain the property. Credit Score Improvements [more...]

Date: 2009-01-08 14:49:52

Interest Rates Drop Again…

Everyone keeps saying that it’s the perfect time to buy, home values are dropping, rates are low, the time is now. I have people that call every week for mortgage rates, they keep hoping the rates will continue to drop. Remember, banks make money off loans, there is a point where banks cannot lower rates any [more...]

Date: 2009-01-16 01:53:45

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