Q&A: Bank loan or debt consolidation program for credit card payoff?
Question by honhill: Bank loan or debt consolidation program for credit card payoff?
Due to a family tragedy, my husband and I are currently in $ 26,000 of credit card debt. All of the payments are current and the cards are paid on time with the accounts still open (we are not still charging, though). We are looking to seriously pay this down before the interest eats us alive. My husband wants to take out a bank loan and pay the cards off that way, but I am wondering about the debt consolidation programs you hear about (I know some of those are scams and some are real). Any advice or experience?
Best answer:
Answer by dakeen forx
If a person has accumulated a large amount of credit card debt due to multiple credit cards, the need for a proper counseling for credit card debt consolidation can’t be understated. Credit card debt consolidation counseling helps a person get vital insights into the facts that can help him get control over the credit card debt.
Credit card debt consolidation counselors are experts with a good knowledge of debt management, budgeting and behavioral patterns of credit card holders. These services are vital for those struggling to manage their credit card debts. Also called credit counseling or debt counseling the credit card debt consolidation counseling brings immediate relief to a credit card holder.
A person seeking credit counseling can get it from two types of organizations. The professional or commercial organizations, and the non-profit organizations. As depicted by its name or categorization, the commercial organizations charge money for their credit counseling sessions and consolidation help on the other hand the non-profit organizations offer free of charge services. Just because the non-profit organizations are free, it doesn’t undermine their quality of service. The persons associated with such organizations are thorough experts and have lived the trauma of being under credit card debt themselves and hence bring their vital experience to the credit card holder.
What do you think? Answer below!
Categories: Loan Questions Tags: consolidation, Credit, Debt, loan, payoff
Quick Payday Loans – How-To Series (Part 5) – “How-To Apply Successfully For An Online Payday Cash Advance Loan”
Quick Payday Loans – How-To Series (Part 5) – “How-To Apply Successfully For An Online Payday Cash Advance Loan”
Frustrated over struggling to apply for an online Payday cash advance loan or making the right choice of a competent cash advance lender?… Here’s a solution. This “Quick Payday Loans – How-To series – PART 5” eBook can show you;
– How-To Apply Successfully For an Online Payday Cash Advance Loan
– 6 Ways on How-To Get Extra Cash to Tide You Over Till The Next Payday
– Cash Advance Company – How-To Choose a Competent Cash Advance Lender
These eBooks in series have been condensed in such a way as to make it very easy to assimilate and quickly apply in order to benefit from the results that will be produced. This completely eliminates complacency and forgetfulness of important and relevant information.
Get access to the money you need today! Take action and instantly download this eBook to your Kindle so you can overcome your financial pressures in the next 30 days.
Price:
Find More Cash Advance Products
Auto Loan; Find The Best Auto Loan For Your New Car As You Learn About Low Interest Rates, Online Auto Loans, Bad Credit Auto Loans, Loans After Bankruptcy And More!
Auto Loan; Find The Best Auto Loan For Your New Car As You Learn About Low Interest Rates, Online Auto Loans, Bad Credit Auto Loans, Loans After Bankruptcy And More!
Are you ready to buy a new or used car and need to find the best auto loan? Would you like to learn the strategies to find low interest rate loans and negotiate for yourself? Do you want to learn how to calculate your monthly payments and length of payments, so you get an accurate picture of what you’re committing to? As you read this book, Auto Loan, you will learn the answers to these questions and more. Auto Loan teaches you how to take charge of finding auto finance for your new car, so you are prepared ahead of time before going to the car lot. This will empower you to make an educated decision about what car payment you can afford. You will also not automatically take the financing offer of the car lot, which may have higher interest rates and a longer payment plan than you could find elsewhere. By learning about auto and car loans, and the available possibilities, you will save money and end up paying off your new car sooner.
Auto Loan begins by introducing you to the basics of auto loans and the application process. Then it shows you things you need to know before even applying for a loan, so you can find the best interest rate. Furthermore, it explains the different types of auto loans available; for those with bad credit, refinancing auto loans, online auto loans, instant approval auto loans, and how to find loans after bankruptcy. With this book, you will be better equipped when you purchase your new vehicle to get the best loan so you can own your car outright sooner and having paid less interest.
Take a look at the information included in this book! Here is a list of the chapter titles:
Chapter 1: Auto Finance Introduction
Chapter 2: Auto Loan Basics
Chapter 3: Know The Basic Features Of Personal Auto Loans
Chapter 4: Things To Know Before Getting An Auto Loan In The USA
Chapter 5: 5 Things You Should Know Before Applying For Auto Loan
Chapter 6: How To Refinance An Auto Loan
Chapter 7: Automotive Financing – Benefits To Applying Online
Chapter 8: Reach Out To Everyone With The Auto Loans
Chapter 9: Auto Loans: Top 5 Tips For The Best Rate
Chapter 10: Auto Loans For Fast Moving World – Instant Approval Auto Loans
Chapter 11: Take Dream Vehicle At Cheaper Finance Through Instant Auto Loans
Chapter 12: Look Before You Buy – Auto Loan Quotes
Chapter 13: Lets You Drive Your Way – Secured Auto Loan
Chapter 14: What You Should Know Before You Get An Online Auto Loan
Chapter 15: Auto Financing Online
Chapter 16: Comparing Auto Lenders Online
Chapter 17: The Advantages of an Online Auto Loan
Chapter 18: Auto Refinance Secrets: Refinance Your Car Loan And Save Every Month
Chapter 19: Automobile Financing – Know Your Options
Chapter 20: Poor Credit Auto Loans – Working With An Auto Loan Broker
Chapter 21: All You Need To Know About Bad Credit Auto Loans
Chapter 22: Auto Loans After Bankruptcy – Getting Approved With Bad Credit
Chapter 23: Auto Loan After Bankruptcy – Restoring Credit With An Auto Loan
Chapter 24: All You Need To Know About Commercial Vehicle Loan
Chapter 25: Sub Prime Auto Financing – How To Get Approved
Find the best auto loan for your new car today! Take action and instantly download this book to your Kindle so you can make a smart decision about an auto loan.
Price:
Can I take out a school loan from a bank with a co-signer if I haven’t paid off a pay day loan?
Question by GG87: Can I take out a school loan from a bank with a co-signer if I haven’t paid off a pay day loan?
I am preparing to go back to school in the spring and will be applying for a school loan through a bank with a co-signer. I have a delinquent pay day loan that I haven’t paid off yet and has been sent to a collections agency. I need to know if this in any way will hinder my chances of receiving my school loan.
Best answer:
Answer by Shania
Student loans are meant to help students who are unable to bear their educational expenses. Student loans are different in different countries in the way they are devised, but then the common types of student loans available are the undergraduate loans, college student loans, private student loans and federal family educational loans.
Student loan repayments are not made until the student completes his graduation. This facility helps him to concentrate on his studies and earn some little amount of money while he is studying, but repayment has to start once he finishes his education.
Give your answer to this question below!
What will happen to unsecured personal loan if i file bankruptcy? Will it stay or disappear?
Question by Pozko: What will happen to unsecured personal loan if i file bankruptcy? Will it stay or disappear?
I am not sure if i file for bankruptcy or not? I have about 20,000$ credit cards debts, and i have also 20,000 unsecured personal loan.
Best answer:
Answer by sfuller94
To be a candidate for Bankruptcy, your debts need to exceed your assets by a certain amount. It varies with each state. But, just because you declare bankruptcy, does not mean your debts disappear.
The courts can mandate a payment plan that you must follow. Remember that bankruptcy may stop the bill collectors from calling but it’s not without cost. A bankruptcy will stay on your credit for around 10 years.
What do you think? Answer below!
Categories: Loan Questions Tags: Bankruptcy, disapear, file, happen, loan, Personal, stay, unsercured
Privatizing Fannie Mae, Freddie Mac and the Federal Home Loan Banks: Why and How
Privatizing Fannie Mae, Freddie Mac and the Federal Home Loan Banks: Why and How
Many people want to tighten federal regulations governing the government-sponsored enterprises (GSEs)-Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. But better regulations will not do much to reduce the real risks that the GSEs create for U.S. taxpayers and the economy, and aren’t likely to have real force. Fannie and Freddie are the most politically powerful companies in America. The S&L debacle of the late 1980s showed that politically powerful organizations can intimidate regulators and stave off tough regulation. Under these circumstances, privatization-the elimination of government backing-is the only viable way to protect the taxpayers and the economy against the consequences of major financial difficulties at one or more of the GSEs. Opponents of privatization believe that Fannie Mae and Freddie Mac would be even more powerful as privatized entities. Fannie and Freddie would be able to obtain better financing than their competitors, according to this line of thinking. Concerns have also been raised about whether the privatization of Fannie and Freddie would disrupt the residential finance market or raise mortgage rates for home buyers. The plans in this book together address these concerns. Thomas H. Stanton demonstrates that it is possible to cut the ties between the government and the GSEs-and to create a fully competitive private mortgage market-without disrupting the current system of residential mortgage finance. Financial consultant Bert Ely shows that it would be possible to obtain lower mortgage rates than currently offered by Fannie and Freddie, without any government involvement. The book presents a complete legislative proposal to enact these plans, along with a detailed section-by-section analysis of the bill. Peter J. Wallison is a resident fellow at AEI and the codirector of AEI’s program on financial market deregulation. Thomas H. Stanton is a Washington, D.C.-based attorney. Bert Ely is a financial institutions and monetary policy consultant.
List Price: $ 20.00
Price:
More Bank Loan Products
Categories: Loan Products Tags: Banks, Fannie, federal, Freddie, home, loan, Privatizing
International Loan Documentation (Finance and Capital Markets)
International Loan Documentation (Finance and Capital Markets)
A detailed study of the terms of international loan documentation with comprehensive explanations of the purpose of the provisions and of areas which may require negotiation and with an emphasis on the wording of the Loan Market Association documents. The book provides a highly practical and comprehensive resource for bankers and lawyers, at all levels of experience, involved in international lending.
List Price: $ 278.00
Price:
Categories: Loan Products Tags: Capital, Documentation, Finance, International, loan, Markets
Document Delivery and Interlibrary Loan on a Shoestring
Document Delivery and Interlibrary Loan on a Shoestring
Written specifically for libraries facing budgetary constraints, limited resources and inadequate training, this invaluable guide outlines the time-management skills and technical ingenuity that will help transform Interlibrary Loan (ILL) and document delivery service into an efficient and organized operation. Author Emily Knox considers the unique challenges of ILL for the librarian juggling multiple roles, and provides a comprehensive overview of best practices, policies and service guidelines that can be easily and practically applied no matter how busy you are. Document Delivery and Interlibrary Loan on a Shoestring provides a jargon-free breakdown of the laws, codes and regulations that govern ILL and document delivery policy decisions. There is guidance to help you develop compliant and cost effective policies, streamline borrowing and lending procedures, and optimize workflow. While there is a thorough overview of the field’s newest time-saving technologies, Knox also explains the many ways in which smaller institutions can go paperless for less, with practical tips for using widely available office technology and free open source products to receive and track ILL and document delivery transactions. The book also includes helpful illustrations and appendices with templates for easily reproducible forms, as well as examples of best practices and real life policies used in both public and academic libraries.
List Price: $ 70.00
Price:
Categories: Loan Products Tags: Delivery, Document, Interlibrary, loan, Shoestring
High Rollers: Inside the Savings and Loan Debacle
High Rollers: Inside the Savings and Loan Debacle
Market forces, not scoundrels, destroyed the savings and loan business. So says Martin Lowy in what is truly an inside look at the savings and loan crisis. Drawing upon his experience as a practicing attorney, bank officer, and savings and loan director, Lowy provides an expert account of the problems that have overwhelmed the nation’s savings institutions and their government regulators. High Rollers is the first book on the S&L crisis that provides an analytical groundwork for technical and nontechnical readers–so that both can comprehend what happened. Lowy’s clear, readable style allows him to quickly describe the origins of the problems in new market forces and new technologies, and how the problems grew out of control as a result of regulatory mistakes and congressional inaction. Even his discussions of real estate lending practices and accounting issues are, in the words of Professor Horvitz, “both clear to the novice and instructive to the professional.”
List Price: $ 117.95
Price:
Related Installment Loan Products
How does a secure bank loan work?
Question by tampabay5400: How does a secure bank loan work?
What do you do, what do you gain from doing a secure bank loan?
Best answer:
Answer by Smart1
It’s a loan with something as collateral. Sometimes cash, sometimes a car, house, or land.
Example:
I have $ 1,000 in my savings account that I don’t want to spend, but I need to buy school books which total $ 500. I can ask the bank for a secured loan on my savings account. They will then freeze the $ 500 and extend the loan. Once the loan is paid off, they will unfreeze the funds.
It will most likeley cost you some fees to apply and some interest, but secured loans have much lower interest rates and build your credit.
They are benefitial because you can keep your money in savings. They are also helpful for people with bad credit or no credit. When you pay on time, it increases your credit score.
Most of the time though, people use secured loans to buy houses/real estate, cars, or to get business loans.
If you use something besides cash, If you can’t pay, the bank will seize the property and sell it to try to get enough to pay the balance of the loan. If it is not worth enough, you will still owe the difference. If it sells for more that what you owe, the bank will usually pay you the difference.
Add your own answer in the comments!
Categories: Loan Questions Tags: bank, loan, secure, work