Debt consolidation with Home Equity Loan is no doubt the easier and lower cost solution to consolidate your debts. As you have the equity of your home to fall back on, you can usually enjoy lower interest rate and better repayment schemes…
Debt Consolidation Solutions Ways to consolidate your debts yourself
There are many options for a debtor to consolidate his debts in this day and age. The most common ones you have heard or seen so far are probably those commercials on late night television from debt consolidation companies that promise to help you fight and win over your debts…
When Your Credit Score Isn’t Really Your Credit Score
Potential home buyers are often told to “check your credit score” before applying for a mortgage. That’s a great idea, but many buyers don’t realize that not all scores are the same. What they should be checking is their FICO credit score.
Time to Consider Your Home Equity Line of Credit?
Interest rates are rising, and that will increase the payments on your home equity line of credit. Is it time to consider exchanging that useful financial tool for something else?
Smart Uses For A Home Equity Line Of Credit
For decades, homeowners across the country have reaped the benefits of a variety of home equity loans. In general, interest rates on these loans are lower than those attached to most credit cards and unsecured personal loans. At tax time, home equity borrowers often enjoy a substantial break by deducting the interest paid on their loans, up to $100,000.
Home Equity Loan Basics
There are two types of home equity loans. The most conventional (sometimes called a second mo…
New Credit Score System Supposed to Simplify, Not Confuse
The three main credit bureaus, Experian, Trans Union, and Equifax, have finally come up with a unified credit scoring system. It is supposed to simplify credit scoring, but so far, not everyone gets it.
Free Credit Card Bonuses Are Pricey if You Fail to Pay Your Bill
Many credit cards offer all kinds of bonuses that may make it worth your while to choose one card over another. Just remember that if you fail to pay your bill in full, you are paying more than the bonuses are worth.
Credit Counseling Clients Hurt by New Bankruptcy Requirements
The new bankruptcy law, while well-intentioned, is probably harming indebted consumers by requiring credit counseling. The result is a counseling system that is helping no one.
Credit Repair Scheme Promises Fast Score Increases But May Be Illegal
A well-advertised scheme to increase the credit scores of consumers with bad credit may work, but it is expensive and probably illegal. Those with bad credit should probably avoid this one.
Credit Reports and Scores Often Confuse Consumers
Most people realize that the credit bureaus maintain a credit report on them. But there are many misconceptions about what sorts of things can affect their reports.
Credit Score Improves by Paying on Time
It may seem obvious, but one of the easiest things you can do to improve your credit score is to start paying your bills on time.
Credit Cards From Oil Companies Are No Bargain
The interest rates charged by oil companies on their gasoline credit cards are much higher than those charged by bankcards. You should use those instead.