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Tip of the Day Have An Emergency Fund

Have An Emergency Fund - In life, things happen that we don't expect, car breaks down or an appliance dies, and unless you have an emergency fund tucked away you...

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Debt Consolidation Quote

What is in a debt consolidation quote?  Is there a reason you want to get a debt consolidation quote?  All of these questions and others are very important if you are experiencing debt problems.  A quote is simply a starting point for you to research your situation.  The quote will not give you the whole story because quotes can change as your situation is examined more closely.  However, it will give you a starting point on which lending companies you might want to pursue for a consolidation loan

There are literally hundreds of online companies and local companies that offer debt consolidation loans.  A debt consolidation quote, especially when free is one way these companies will get your attention.  They are advertising a great product, one you might give due consideration, but how do they arrive at this quote?  This question is highly imperative to choosing the right company.  An instant quote is always going to be less than the debt consolidation quote that took a few days to garner. 

You are probably asking yourself why that is.  The answer is simple. An instant quote is hoping to gain your attention.  The company that gives you an instant answer with a great debt consolidation quote looks like the best that there is.  Looks can be deceiving.  After you research the company you might find there are additional fees and closing costs on the loan that were not part of the quote.  Suddenly you are paying twice the quoted amount of the high quote you received. 

Understanding the little nuances that can affect your debt consolidation quote will help you find the company that is right for you.  The quote should give you a couple of things.  It should tell you what the monthly payment is, the APR, the closing costs and the final amount of the prospective loan.  These numbers will differ slightly in the end, but they should be accurate enough for you to make an opinion about that company.  If you just receive a quote on the monthly payment you do not have enough information to work with.

 

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Definition of the Day Appraisal Ratio

Appraisal ratio - An appraisal ratio is a ratio used to study a mutual funds managers performance with the mutual funds investments that he chooses. They higher the ratio, the better the performance of the manager. The job of the mutual funds manager is to pick the investments that will...

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