The University of Missouri has some good publications online that talk about managing debt with some good tips on debt consolidation. They point out that debt consolidation may make things easier for you, but it isn’t a fix all and you should consider all your other options before taking any type of consolidation action.
They [...]
The Guardian has some tips for people considering debt consolidation. It is written for people in the UK, but the advice is relevant for people in the US as well. The bottom line is that debt consolidation should only be considered after investigating all other possible options.
With promises of financial freedom and spare [...]
Credit card debt is one of the most expensive types of debt. Because of this credit card companies make it extremely easy to get credit cards and very convenient to use them. Often the rates charged by credit card companies are over 20%.
If you are making the minimum payment on your [...]
While getting out of debt is always a good thing, there are several things to consider when looking at paying off your house early. The most important part of your decision is your mortgage rate.
In most situations you want to pay off the debt that has the highest interest rate first. By [...]
Take a look at the storage areas of your house. How much stuff have your purchased over the last year that you don’t really need or use? In a recent move I was amazed at how many things I have purchased over the past few years, that I don’t really need. I [...]
Right now interest rates are very low. While this makes it very easy to get loans, it is easy to forget that interest rates aren’t likely to stay this low forever. In the last 20 years prime (the rate that is set by the government for bank to bank lending) has fluctuated between [...]
I am glad that I no longer work for a finance company. If they want to keep their jobs, finance company employees must flip and pack loans. They are under enormous pressure to meet quotas regarding loan volume, repeat business and insurance sales. In fact, the pressure to produce loan volume and insurance sales [...]
The FBI website has some information on a scheme to defraud people looking for consolidation loans.
On 10/17, the manager of Amansco Credit Services was found guilty of conspiracy to commit wire fraud… that is, of conspiring to commit a massive telemarketing fraud between two companies — Franklin Credit and Amansco Credit, which billed customers for [...]
Debt consolidation is a good move for people in debt. If you aren’t in debt here are a few tips to help avoid debt altogether.
Never buy something that depreciates on credit. Electronics, computers, and automobiles are examples of things that depreciate. Things that appreciate are houses and businesses.
If you use a credit [...]
You are currently browsing the ø Debt Consolidation ø weblog archives for September, 2005.
