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Differences Between Debt Consolidation and Debt Settlement

As the economy continues to struggle and people with it, I have seen more and more commercials advertising debt consolidation or debt settlement.  Sometimes these phrases are used interchangeably, which generally confuses the average person into thinking that they are one and the same.  Since you read this blog, you are not the average person, but just in case you’re unsure about the difference, let’s cover  a few basic  differences between debt consolidation and debt settlement. […]

Foregoing Insurance To Make A Loan Cheaper

Foregoing Insurance To Make A Loan Cheaper

With the economic outlook still looking decidedly shaky, many households across the U.S. are endeavoring to keep their spending to a minimum and are cutting back where possible.  However, for those taking out loans, is it a mistake to refuse the insurance that lenders provide, commonly known as PPI (Payment Protection Insurance)?

There is no denying that PPI can add a significant chunk to the monthly premium.  Those taking out loans without the coverage can save themselves a fair bit of cash, however, some lenders will try to  persuade applicants purchase PPI.  Some lenders may even imply that without the insurance, the loan  might be denied. […]

How to Save 20 Percent On Car Expenses

How to Save 20 Percent On Car Expenses

The average person will spend over a half a million dollars in procuring transportation for him or herself over a lifetime. That’s a serious amount of money!  What many people do not know is that many of these expenses can be saved – up to around $100,000 for the average person. That is correct:  the average person can spend about 20% less on car expenses over a lifetime than he or she thinks.   If you want to keep an extra $100,000 in your pockets, here are some to save on car expenses: […]

Debt Consolidation and Debt Consolidation Companies

Debt Consolidation and Debt Consolidation Companies

Debt consolidation is by no means a big mystery. In fact, it is, at least on paper, an exceedingly simple concept. With the help of a debt consolidation company, the debt consolidation procedure essentially renegotiates and then combines all of your obligations into a lump sum handled by the company. As a result, you will have cleaned up and simplified your obligations and the structure of your debt will most likely have improved – in many cases changing from comparatively high short-term repayments to smaller amounts payable on a more long-term timeline. […]

Who Are You? A Guide To Protecting Your Identity Online

Who Are You? A Guide To Protecting Your Identity Online

The most rapidly growing crime in the U.S. is identity fraud. It might take you up to a year to realize that you have been targeted buy identity thieves. By then, it is much harder to undo the damage that would undoubtedly have been done to your credit record; track all the fraudulent purchases that have been made; and even worse, persuade all the lenders who have provided credit to someone in your name that you really didn’t receive a cent of the money. In the last year, an estimated 10 million U.S. citizens became victims of identity fraud with the total cost in the region of $5 billion; a lot of money. In some cases, there were steps that could have been taken in order to keep personal data more secure whilst online. […]

Shield Yourself With a Credit Card

Shield Yourself With a Credit Card

Credit cards are a great short term method of borrowing money and can bring with them lots of benefits and flexibility for the cardholder, but this can depend on choosing the best card to suit your needs.  Credit cards can be used in a variety of ways, from making payments for purchases and services to withdrawing cash to a balance transfer from one card to another. […]

broke - being cheap - credit card companies

Can The Unemployed Get A Credit Card ?

Anything is possible in this day and age, and if you are unemployed there are certainly options for you as far as getting a credit card. The real question is, if you are unemployed, should you be getting a credit card? It might not be the opportune time, but in all actuality for some vital functions you really do need one. The trick is to find the right kind of card and to manage its use responsibly. […]

Balance Transfer Credit Card at Face Value

Don’t Take Balance Transfer Credit Cards at Face Value

Transferring the balance from one credit card to a lower interest rate card is a smart move, but watch out for any hidden fees in the process. First of all, consider your credit score. If you have proven to be a responsible consumer, applying for a balance transfer offer should be simple enough. If you have poor credit, qualifying for a 0% interest rate credit card may not be possible. In that instance, look for the lowest interest rate possible for which you can still qualify. […]

Good Easy Ways to Get Rid of Tough Bad Credit

Good Easy Ways to Get Rid of Tough Bad Credit

The catch-22 about bad credit is that making it better requires loyal payments towards loans and credit that are almost impossible to get when your credit is poor. You might be well on your way to better financial days and have learned from your borrowing mistakes, but putting those lessons to practice is difficult when nobody wants to lend to you. You’re options are very limited. In worse situations, this could be alarming. You could be bobbing bait for loan sharks and predatory credit card companies. But if you’re financially secure and have become a responsible borrower, then consider these things to be a frigate of protection on the high seas of high interest loans and credit that can help you re-establish a strong financial record. […]

Is A Cheap Credit Card A Good Credit Card?0

Is A Cheap Credit Card A Good Credit Card?

For consumers considering a credit card, there is a great variety of cards available on the market being offered and many of these are often enticingly advertised as being cheap. This raises the question for many consumers, who might be inundated with choice, as to whether a cheap card can really be a good card.

One of the keys things to note when considering the true cost of a card is that there is a difference between just interest rates and the annual percentage rates, otherwise known as APR. It is also important to note other fees that may be incurred with the possession of a card. […]

The Battle Over a Fiduciary Standard for Financial Advisors

The Battle Over a Fiduciary Standard for Financial Advisors

When the Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law by President Barack Obama on July 21, 2010, few people expected the heated debate that would ensue over applying a regulatory uniform standard for professional financial advisors .

The Securities and Exchange Commission (SEC) is the agency tasked with drafting a fiduciary or uniform standard to ensure that financial advisors are indeed placing the interests of their clients before their own. The proposed rule has the support from the White House and particularly from Neal Wolin, Obama’s Deputy Treasury Secretary. […]