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Tip of the Day Stocks are High Risk, High Reward

Stocks are High Risk, High Reward - Stocks when used properly and taken out on a long-term basis usually return more than more investments in dividends, although are really risky...

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Loan Debt Consolidation Loan

If you have loans and other debts like credit cards you need a loan debt consolidation loan.  Basically, this is just fancy language for saying that you need some type of loan that can consolidate all of the debts you currently have.  A loan debt consolidation loan allows you to ease your financial burdens with one payment instead of many. 

You have undoubtedly read about debt consolidation or at least heard of it.  In the last three years the global economy has suffered.  A majority of individuals who had jobs lost them and their debts spiraled out of control.  Mortgage companies are trying to repossess homes because of extreme defaults.  The point is simple- people need a loan debt consolidation loan.  We will discuss how this type of loan debt consolidation loan will work. 

You may have an auto loan, home loan, credit cards, medical bills, and student loans.  Combined you may have a debt of $200,000.  You earn about $35,000 in a year.  As you can see you debt to income ratio is showing a heavy favorite towards your debt.  Each month you have to pay out $3,000 and you only make $2500.  In your current situation you are using credit cards to make up the $500 difference, thus incurring more debt.  With a loan debt consolidation loan you combine all of your debts into one payment. 

With one payment you are able to handle the debts a little better.  First you will see a slight decrease in the amount paid each month.  Second you will find a lower interest rate.  There is one caution we can give you about debt consolidation loans.  You should not include any debt that has a lower interest rate or no interest rate.  Medical bills do not charge you interest as long as you pay a monthly installment.  You do not want to pay more on any bill than you have to.  If your student loan is at 2.5 percent and your debt consolidation loan is at 8.5 percent you end up paying more on the student loan amount. 

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Leveraged Investment Company - Leveraged Investment Company is a company whose charter allows it to borrow money for investing activities. A venture company or mutual fund entitled to borrow capital for its operations. It is an investment company that issues both income shares and capital shares. It is an investment...

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