Bankruptcy is not a cure all for debt relief. To start with some debts cant be dispatched by bankruptcy, back child support being one. Secondly, bankruptcy reform has made it more difficult to clear your debts by this means. Thirdly bankruptcy leaves long term scars on your credit. This can make it very difficult to [...]
What is debt consolidation? When you have multiple debts from various banks and lending institutions you will most likely be paying a high interest rate on some if not all of these outstanding debts. Credit cards, in house retail credit extension, car loans and even back child support.
Do any of these sound familiar? All of [...]
Americans are carrying more debt and bad credit than ever today. With easy to get credit and the buy now pay later plans offered by so many retailers its easier than ever to find yourself financially smothered by credit debt. Now, more than ever so much of that debt carries a high interest rate making [...]
Debt consolidation is more and more becoming the way out for people who have overextended themselves with credit. Even if you’ve got bad credit lingering over your head, debt consolidation is a quick and easy technique that leaves your credit undamaged. It completely stops the cash shortage from late fees, penalties, and high interest rates [...]
For more and more people debt has become a major obstacle to achieving their financial goals in life. Credit card debt is a common cause of this debt. Credit card companies offer a low interest rate to get you signed up then after you have borrowed and accrued some debt the interest rate seems to [...]
The holidays were great. Santa gave generously and all the elves were busy at work. Now you are left to contend with the bills, but don’t panic. There are solutions to the mess you’ve created. Borrowing more from your credit cards is only going to be a short term solution that will dig you deeper [...]
Anyone can find themselves overburdened by debt in this day and age. Rich or poor it happens to everyone. Credit card contracts are written in such fine print that they are impossible for anyone without a law degree to comprehend. The print is so fine that you need a magnifying glass to read them. There [...]
Debt consolidation loans come in two types. The first would be a secured loan. With a secured loan the borrower is asked to place an asset in collateral against the loan amount. This collateral in fact guarantees the amount of the loan. If the loan goes bad. That is, the borrower fails to make payments, [...]
Having a huge mortgage debt could really take a toll on you and your family. If you are weighed down by this problem and have no idea how to manage it, you should begin by facing it and accepting the realities it bring.
As soon as you realize that you are in over your head, you [...]
Buying a home for the first time can be very exciting but most homeowners do not realize that purchasing a house under a mortgage plan will actually be more costly in the long term. Studies have indicated that if you purchase a home by availing of a mortgage loan, you end up paying for the [...]
| 30 Year Fixed | 6.26% |
| 15 Year Fixed | 5.91% |
| 30 Year Jumbo | 6.12% |
| 5/1 ARM | 6.12% |
| 5/1 Jumbo ARM | 6.54% |
| $30K Home Equity | 8.29% |
| $50K Home Equity | 8.28% |
| $75K Home Equity | 8.22% |
| $30K HELOC | 7.87% |
| $50K HELOC | 7.67% |
| 1 Year CD | 4.81% |
| 6 Month CD | 4.57% |
| 5 Year IRA CD | 4.65% |
| 10K MMA | 3.98% |
| 25K MMA | 4.57% |
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