Are You A Student Who Needs Debt Help?
photo credit: Vincent Boiteau
A common question asked by people looking for student debt help is “Should I pay off my credit cards or my student loans first?”
This is a tricky question, and the answer depends upon a number of factors, including;
* The rate of APR on your credit card and your student debt
* The repayment terms
So lets look at a typical student debt help example. Let’s say your credit card debt costs you 7.9% APR, while your student loan costs perhaps 3% APR. Read more
Big Savings To Be Had By Comparing Car Loans
There are an increasing number of new cars on the road every year and as a result the second hand market is also expanding. Many people now change their car regularly, so the car finance industry is now huge and can be confusing. When you start looking at cars, whether used or brand new, you should also think about how you will finance your purchase. The key to finding car finance appropriate for your circumstances is to do your research thoroughly and shop around. While it may seem easier to accept the car loan offer from the dealer, this may not be the best option. It is best to make sure you get a written quote from the dealer then you can then look at other sources, such as internet companies, for competitive deals. When comparing loan offers check that you are looking at similar loan products. Headline interest rate or monthly repayment figures do not always tell the whole story when it comes to getting a loan. Read more
Understanding Debt Consolidation
photo credit: Medmoiselle T
If you’re in debt, you may find that one of your problems right now is not so much lack of information as it is too much information! There are tons of sites online offering all kinds of debt solutions. Many of them call themselves debt consolidation, but that term is used so loosely it sounds like it could mean almost anything. Maybe you don’t care about terminology. After all, a debt plan that works is all that matters, right?
The fact is that you need to know all about these things in order to choose the right option for your situation. Picking the wrong one can cost you money (the last thing you need right now), hurt your credit, and keep you stuck in debt. Picking the right one can get you out of debt.
Let’s start with the one not on the list: bankruptcy. Believe it or not, Americans have a Constitutional right to go bankrupt. Read more
