Home     About Us    Contact Us     Contribute     Privacy
Investing
Stocks
Bonds
Mutual Funds
Biz
Credit
Career
College
Economics
Tax
More
 
 
Marketplace
Related Articles
More
Related Categories
Tip of the Day

Tip of the Day Use a Mortgage Broker

Use a Mortgage Broker - When purchasing a home, why not use a mortgage broker as he can shop around all the financial institutions and generally find you a much...

read entire tip

Related Podcasts
Recently Added
Other Great Sites
 

Unsecured Debt Consolidation

Unsecured debt consolidation loans are financial resolutions to getting out of debt much earlier than those who are buried in debt and are trying to dig their way out on their own. Unsecured debt consolidation reduces debt by interest reductions, eliminating late fees and multiple penalties for late payments as well as allowing a smaller monthly payment. This can be a lifesaver for those who are drowning in debt. Reputable unsecured debt consolidation loan companies have networked with thousands of credit holders across the nation. Creditors are very willing to work with the debt consolidation companies. The success in assisting debtors to resolve their credit problems are the reason the credit holders are willing to work with the debt consolidation companies.  

An unsecured debt consolidation loan is the answer for many individuals who have a wide variety of debit or credit cards or accounts. This debt consolidation can be done by taking a long term loan at a higher interest rate than a secured loan , but by using an unsecured debt consolidation loan the burden of the loan is lifted somewhat because no collateral is involved.  

An unsecured debt consolidation loan can save you quite a large lump sum in interest if several companies are charging higher rates than the debt consolidation loan. The savings in the interest alone could make two or three payments.  

One single monthly payment is much more convenient than making ten or twelve various payments at various interest rates and fees. The companies that offer you the credit in the first place are not only making money off of the merchandise you purchase with credit, but also in the interest rates and fees that are charged for your account on a monthly basis. This does not include the interest on the "loan" of the purchase price of your purchases on credit. Taking all this into consideration, sometimes the best answer is to consolidate all of the little bills into an unsecured debt consolidation loan and get your finances running smoothly once again. The relief of one monthly payment is well worth the paperwork!

Discuss It!
Most Popular Articles
Most Popular Definitions
 
Daily Definition

Definition of the Day Face Value

Face Value - The face value is a securities nominal dollar value assigned by the issuer. If it is a equity security, face value is generally a tiny amount that bears no relationship of any kind to its market price, except when they are preferred stock, which in this case,...

read entire definition

 
 

 

 

Home     About Us    Contact Us     Contribute     Sitemap

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Copyright © 2009 TeenAnalyst.com