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Student Loan Debt, student loan options.#Student #loan #options


Student Loan Debt

Whether you are shopping for student loans, repaying your student loans, or in default on your student loans, here’s what you need to know. Learn about types of student loans, repayment plans, loan forgiveness programs, getting out of default, and how to cancel loans.

Student Loans and Taxes

If you are married and have an IBR, ICR, or PAYE student loan payment plan, your tax filing status can affect the amount of your monthly student loan payment.

With some limitations, you can deduct student loan interest on your federal tax return.

Come tax time, be aware of tax deductions for student loan interest, how filing status affects your student loan payment, and a potential tax bill for forgiven student loan debt.

Questions on Student Loan Debt

Find the answer here.

Find the answer here.

Student Loans and Taxes

If you are married and have an IBR, ICR, or PAYE student loan payment plan, your tax filing status can affect the amount of your monthly student loan payment.

With some limitations, you can deduct student loan interest on your federal tax return.

Come tax time, be aware of tax deductions for student loan interest, how filing status affects your student loan payment, and a potential tax bill for forgiven student loan debt.

When You Have Trouble Paying Your Student Loans

Most people can t eliminate student loan debt, but many can get better payment plans.

Depending on whether you are current or behind on your student loan payments, your student loan debt could increase or decrease your credit score.

Find out how you might be able to discharge the federal student loans you took out to attend Corinthian Colleges.

Defaulted Student Loans, Collection Lawsuits

Here are some ways you can get out of default on your student loans.

Financial Aid for College Graduate School

Paying for college — your financial aid options and how to get started.

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5 Options for Student Loan Forgiveness, student loan options.#Student #loan #options


5 Ways to Get Your Student Loans Forgiven

Student loan options

In certain situations, you can eliminate some or all of your student loans through a student loan forgiveness program. Depending on your degree and your current occupation, you may qualify for one of many student loan forgiveness programs. If you re wondering whether you can have your student loans forgiven through your job, ask someone in your human resources department. Here are 5 ways to get your student loans forgiven:

1. Volunteer

Certain volunteer organizations offer student loan forgiveness in exchange for a certain amount of your time. If you volunteer for AmeriCorps, Peace Corps, or Volunteers in Service to America (VISTA) you can have up to 70 percent of your student loans forgiven. Visit their websites to find out more information about student loan forgiveness programs.

2. Become a Full-Time Teacher

If you have a Perkins loan, you can have part of it forgiven by working full-time in an elementary, middle, or junior high school that serves children from low-income families. The more years you teach, the more you can have forgiven. Your local school board will have additional information about which schools in your district offer student loan forgiveness under the National Defense Education Act.

Other states have additional student loan forgiveness programs that allow you to have student loans forgiven in additional situations.

You can always contact your loan board of education for information about having your student loans forgiven.

3. Join the Military

One of the benefits of joining the military is student loan repayment. Currently, the Army, Army National Guard, Air Force, Air Force National Guard, and the Navy offer student loan repayment programs up to $20,000 depending on the branch.

Unfortunately, the Marine Corps, Coast Guard, and Air Force Reserves do not offer student loan forgiveness. For more information about military student loan forgiveness, visit this article on Military College Loan Repayment Program.

4. Become a Doctor or Lawyer

Medical and legal professionals can end up with six-figure student loan debt. Fortunately for these Ph.D holders, there are several student loan forgiveness programs that can reduce their student loan burden.

  • The National Institutes of Health forgives some student loan debt for medical students who complete certain types of medical research including clinical, medical disparities, and contraception research.
  • Certain health professionals can receive up to $50,000 of student loans forgiven through the National Health Service Corps Loan Repayment Program in exchange for two years of volunteer service at a clinic that has a shortage of health professionals. You may be able to receive additional forgiveness for additional service.
  • Law school graduates may have some of their student loans forgiven by doing some non-profit work. Equal Justice Works has a list of law schools that have a loan repayment assistance program. If your school is on the list, contact your financial aid department to learn how you can have your student loans forgiven.

5. Wait 25 Years or (20 Years for New Loans)

If you have a federal loan and you re on an income-based repayment (IBR) plan, you can have the balance of your student loan forgiven after 25 years, or 10 years if you work in public service. All Federal student loans are eligible except, student loans in default, Parent PLUS loans, and Parent PLUS consolidation loans. Your monthly student loan payments are capped based on your income and family size. For example, a family of 3 with an annual income of $45,000 would only pay $157 a month on an IBR plan. You can apply for IBR by contacting the lender servicing your loan. Loans taken out after July 22, 2014 on the IBR plan will be forgiven after 20 years instead of 25 years. President Obama recently announced plans to speed up that date to 2012. Visit the Federal Student Aid website and IBR Info for more information.

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Who Pays for Student Loan Forgiveness

Many people, especially those who ve worked hard to repay their loans, oppose student loan forgiveness (at least Federal loans) because it s funded by taxpayers. If the Federal government forgives your student loans, that means taxpayers have paid for your college education. In that sense, it s the same as using government grants to fund your education. Private student loan forgiveness is pretty much nonexistent, but if lenders offered these types of programs, the banks other customers would end up funding them through fees and interest.

Drawbacks of Student Loan Forgiveness

In certain situations, you re required to report forgiven loans as taxable income. This may increase your tax liability that year and could result in a tax bill when you file in April. Not all student loan forgiveness programs require you to pay taxes on the forgiven debt. Consult your tax preparer for more information.


Student Loan Help, student loan options.#Student #loan #options


student loan options

Goodbye, student loan debt. Hello, future!

Student loan options

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A nonprofit NFCC Certified Student Loan Counselor will review all of your finances and help you develop a personal debt repayment plan, all for a nominal fee.*

What s in it for you

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  • An audit of your current loans and their terms.
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Here s what comes next

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*Nonprofit, student loan counseling fees vary by NFCC member agency.

I made the call. 1

Student loan options

None of this was my fault, but it was my problem. Years ago, I co-signed a student loan with my then-husband. After we divorced, it stayed in his name. I made payments until the bank notified me the debt was forgiven. It wasn’t.

Julie K Minnesota

I didn’t leave school by choice. Two major health issues made the decision for me. By then, I had about $14,500 in federal student loans. Given my circumstances, I defaulted.

1 Stories above represent actual NFCC client experiences.

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review of your financial situation, including current income, living expenses, all debt and your long-term goals.

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game plan that doesn’t undermine your personal short- and long-term goals by just directing you to a plan with the lowest current payment.

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assessment that looks beyond income-based programs and consolidation to see if other avenues for retiring your debt might be available and make more sense for you.

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Gain access to over 60 years of experience helping borrowers like you get answers to all of their debt-related concerns, including student debt solutions.

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We are experts on the ins and outs of student borrowing and repayment and on how to minimize its impact on your overall financial health. We work with you every step along the way until your issues are resolved.

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You always know where you stand and who to call with questions about your student loans and any other financial issues that arise over time.

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Local to you

NFCC member agencies have office locations in all 50 states and Puerto Rico, which are staffed by NFCC Certified Credit Counselors.

Be informed.

Knowledge is power. To help you make the best decisions possible for your future, we keep you updated with access to a wealth of useful tools and resources.

Get the latest insights on recent news regarding student loans and your personal finances.

From calculators to definitions, find what you need to make better financing and repayment decisions here.

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling (NFCC ) is the nation’s first and largest nonprofit dedicated to improving people’s financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Member agencies are able to offer their services for nominal fees based on their current funding status. Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit www.NFCC.org

Thank you to our funders.

The Sharpen Your Financial Focus program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony Financial, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit www.SharpenToday.org.

National Foundation for Credit Counseling


FinAid, Loans, Student Loans, student loan options.#Student #loan #options


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Student loan options can be overwhelming at first glance. But when it comes to federal student loans, there are just a few options.

The first step in getting one of the federal student loans listed below is to fill out the Free Application for Federal Student Aid, or FAFSA. While the FAFSA does determine eligibility for need-based aid, it also acts as an application for student loan options, both for need-based and non-need-based loans. It supplies students who need financial aid with that help as well as provides financing options for those students that would like to borrow with low-interest federal loans but don’t necessarily qualify for need-based aid.

Subsidized Stafford Loan

The subsidized Stafford Loan is available to students who qualify for need as determined by the FAFSA. Students must be a U.S. citizen or eligible non-citizen as well as have a high school diploma or GED. Like most federal student loans, interest does not accrue while the student is in school. If students qualify for a subsidized Stafford Loan, it will be stated on their award letter notification along with the amount for which they can borrow.

The Perkins Loan is another federal loan option that is for needy students. Again, students must be a U.S. citizen or eligible non-citizen as well as hold a high school diploma or GED. Again, interest does not accrue with the Perkins Loan, and students will find out whether or not they qualify as well as for how much when they receive their award letters from colleges.

Unsubsidized Stafford Loan

Finally, the unsubsidized Stafford Loan is a little different from the other federal loans. For both the subsidized Stafford and Perkins Loans, students must qualify for need as determined by the FAFSA. However, the unsubsidized Stafford Loan is available to any student, regardless of need. Also, unlike the other federal loans, interest accrues while the student is attending school. Again, if students want to apply for the unsubsidized Stafford Loan, they must complete the FAFSA.

Students can also qualify for a federal student loan consolidation after graduating from college or graduate school.


Home Financing Options – How to Finance a Home Purchase #boat #loans


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Home Financing Options

By Brandon Cornett | 2015, all rights reserved | Duplication prohibited

to see how much you can afford.

This article explains the financing options that are available to a first-time home buyer. We will talk about the different ways to finance a home, the pros and cons of each method, and other important topics for buyers.

Home Financing Defined

Within the context of this article, home financing refers to the mortgage loans people use to buy a house. This is one of the most important topics a first-time buyer must understand. It’s also where a lot of people make big mistakes, by choosing the wrong kind of loan for their situation.

With that basic definition out of the way, let’s talk about the different types of loans you can use to finance your home purchase.

Different Ways to Finance a Home

Understanding your home financing options is the first step to making a smart choice. So before we go any further, we need to talk about the different kinds of mortgage loans that are available to you. These days, most home loans fall into one of two categories. They are either fixed- or adjustable-rate mortgages. The primary difference between them has to do with the interest rate, and how it behaves over time.

With a fixed-rate mortgage loan, the interest rate you have at the beginning of the loan is the same rate you’ll have at the end of the loan (when you either sell the house, refinance the mortgage, or pay the loan off entirely). This is the primary benefit of this financing option — there are no surprises later on down the road. The initial rate you obtain follows you for the entire life or term of the loan.

Here are some related articles to help you learn more about this topic:

As the name implies, an adjustable-rate mortgage loan (ARM) works much differently. With this home financing strategy, the rate will change at a specific interval — usually every one to five years. When used properly, an ARM loan can save you money in the short-term. When used incorrectly, they can bring a lot of risk into the equation. Adjustable mortgages are rarely a smart option if you plan to stay in the home for a long time. In that kind of long-term scenario, a fixed rate loan is a better financing option for you.

Most of the adjustable mortgages in use today start off with a fixed rate for a certain period of time. After that introductory stage, however, the rate will begin to adjust or reset at specific intervals. Because of this, they are also referred to as hybrid loans. A person who only plans to live in a home for a few years might use an ARM loan to save money in the short-term. But once you get past the fixed stage of the loan, you have no idea what the rate will do (aside from changing in some way). If the rate adjusts upward by several percentage points, it could significantly increase the size of your monthly payment.

Remember, the interest rate is part of your overall mortgage payment. So when it goes up, your payment goes up as well. Depending on how much the payment increases, this could make the loan unaffordable for you. This is a very real risk that comes with this particular home financing option, so it’s a risk you need to take seriously.

If you think you might use an ARM loan to finance your home purchase, you have plenty of homework ahead of you. Here are some related articles to get you started:

Many first-time home buyers use FHA home loans as a financing option, and there are several key reasons for this. For one thing, a home buyer who uses an FHA loan can make a smaller down payment (when compared to someone who uses a conventional loan). Generally speaking, FHA mortgages are easier to qualify for, as well. This makes them popular among people with less-than-perfect credit. These two factors combined to make the FHA loan one of the most popular home financing options for first-time buyers.

If you want to finance your house with this type of loan (or simply learn more about it), you’ll find the following articles helpful:

Choosing the Best Option

These are some of the different ways you can finance a home purchase. So which option is right for you? In reality, there is no way I can answer this question for you, because I simply don’t know your situation. Depending on (A) your long-term plans, (B) your financial situation, and (C) your level of qualification, one financing option may be better than another. What you must do, as a home buyer, is learn about the pros and cons of each strategy. Once you do that, one option should emerge as the obvious choice for you.

For example, we talked about the primary differences between fixed and adjustable-rate mortgage loans. If you plan to stay in the home for many years, the fixed-rate loan is probably the best option for you. This method of home financing gives you the most predictability over the long term. No matter what happens with the economy, you’ll know that your interest rate will always stay the same. On the contrary, the interest rate on an ARM loan will change periodically. So it might not be the best finance strategy for a long-term stay. This is a prime example of choosing the best type of mortgage based on your particular situation .

This is obviously a top-level guide to home financing options, and that was my purpose. I wanted to give you a brief overview of the various ways to finance a home, and then provide you with some links to related information. I’ve hand-picked a few articles that will make a good follow-up to this one, and I highly recommend you read those as well. You can find these articles through the hyperlinks spread throughout this lesson.

I hope you’ve found this guide to home financing options helpful, and I wish you well in your future real estate endeavors.


Student Loan Options For Repayment #1 #hour #loans


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Student Loans Options For Students with Poor Credit #direct #lender #payday #loans


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Student Loans and Poor Credit

Student Loans and Bad Credit

From the prospect of campus life to the thrill of higher education, getting ready to enter college or planning a continuing education program should be an exciting time. Unfortunately, though, money matters such as getting a student loan can often overshadow the excitement. Deciding how that financial burden will be shouldered can be stressful for both parent and student, and you’ll have to do some homework before filling out the student loan application.

That’s why it’s critical for you to understand how your credit can affect your ability to get a student loan. Having “bad” credit can mean the difference between celebrating a college graduation and lamenting what might have been.

Student loan options for students with poor credit

For students with a poor credit history, obtaining a student loan is still possible. Through the U.S. federal government, there are two types of loans for students with bad credit, the Federal Perkins Loan and the Subsidized Stafford Loan. The Federal Stafford Loan is available as both a subsidized and unsubsidized loan, depending on the student’s needs. These recognized types of federal student loans are available through the Federal Family Education Loan Progam (FFELP). And it is important to remember that the money you borrow through this and many other educational loan programs must be used for school costs, including tuition, room and board, books and supplies.

The four most common federal education loans are:

  1. Subsidized Stafford Loans are made directly to the student, with interest rates available as low as 3.6%. You do not need to start paying back this loan until six months after you graduate (the government will pay any interest on the loan before that) or until six months after you decide not to continue your course of study on at least a part-time basis (“part-time” meaning at least half of a regular course load, as determined by your school).
  2. Unsubsidized Stafford Loans are made directly to the parents of dependent undergraduates, but at slightly higher interest rates, which can still be as low as 4.2%. These loans are not based on need or income. The difference (as compared to subsidized loans) is that you must pay interest on the loan while you are in school.
  3. Federal PLUS Loans are made directly to the parents of a dependent undergraduate student, and are primarily geared towards parents who do not have bad credit. In fact, you are very unlikely to get a federal PLUS loan if you have an adverse credit history .
  4. Federal Perkins Loans also offer low interest rates (about 5%). They are designed, however, for students with “exceptional” financial needs.

Private loans for students with bad credit

Unlike with most federal loans, when obtaining personal loans, your credit rating will be scrutinized during the application process to obtain a private student loan. And if your credit score is determined to be potentially “bad” (usually somewhere below 700), your application will simply be denied, or you will have to pay the loan back at a much higher interest rate as high as 10% in some cases, depending on the amount and duration of the educational loan.

So what’s a student to do?

How do you get a personal student loan if your credit rating is “bad”? Since it’s difficult to find a definitive measure of “good” and “bad” credit (although a score of 700 and over is generally considered “good”), the more appropriate question might be, “How quickly do you need a student loan?”

If, for example, you need to secure an education loan ASAP, you are likely to pay a higher interest rate, although you can try to refinance the loan down the road at a lower rate. In any case, it’s probably a good idea to assess your overall credit status and check your credit score .

In the end, while the journey to secure a student loan may prove challenging, the reward of a college degree can be well worth the effort. To help reach your educational goals, start by safeguarding your financial ones. And take steps towards maintaining good credit today.


Debt Consolidation Loan Options #personal #loans #for #bad #credit


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Debt Consolidation Loans

Thinking about making a fresh start? Discover everything you need to know about the different types of personal bankruptcy and small business bankruptcy.

If you’re faced with making multiple payments to multiple creditors, chances are you are finding it harder and harder to put money into savings or even to afford simple daily expenses. Are you struggling to make your minimum payments each month? Are you looking for a way to make only one payment to a company each month, as opposed to struggling to keep up with several different bills? If you are a small business owner, have your creditors lowered your credit limits, reducing your ability to grow or fund your company? Have they raised the interest rates on your business credit cards?

Whether you need the money for personal or business use, there is a better way for you to manage your debts and take back control of your finances. An unsecured debt consolidation loan can help you to pay off your existing debt and improve your cash flow.

When most people hear about a debt consolidation loan, their first thought is usually a secured debt consolidation loan, like one that is taken out using the equity in your home as security. This type of loan may be viable if you own a home that is worth more than you owe on the mortgage or if you have other property to use as collateral, but an unsecured debt consolidation loan can be a better alternative if you have good to excellent credit.

Unsecured Debt Consolidation Loans

Unsecured loans are a solution that does not require you to risk an asset in order to obtain financing. You don’t have to put your home or your car at risk in order to get the loan. As an unsecured loan can generally be used for any purpose, it can be a perfect fit for your personal debt consolidation – or, if you own a business, your small business debt consolidation needs.

With a debt consolidation loan, you may instantly improve your cash flow each month. Your potential savings can range from hundreds to thousands of dollars on interest over the life span of a loan. Consolidating existing debt into a single loan can be one of the best ways to get out of debt quickly without damaging your credit.

It’s important to remember that, regardless of the personal or business purpose, unsecured debt consolidation loans typically have a higher interest rate than secured loans. The trade off in risking your home, car, or business equipment as collateral comes in the form of a lower interest rate, but if you can’t make the new payments, you could lose your asset. With an unsecured loan the lender basing the approval decision solely on your credit history and your ability to repay the money. This is why it’s critical to not only find the right loan to consolidate your debts, but also a knowledgeable resource to guide you through that process.

Which Debt Consolidation Loan Is Right For You?

This is where AmOne can help. We’re the leading debt consolidation loan website for individuals and small business owners in the United States. Our experience since 1999 in assisting millions of people consolidate billions of dollars means that we’re in a position to help match you with the highest rated and trusted lenders available. We take your unique personal or business debt situation into account and work with you to find the right debt consolidation loan solution for you.

Our financial search specialists are able to help save you time when it comes to searching for the best options for consolidating debt. Our clients – people and small business owners just like you – have provided their feedback on our partners, enabling us to ensure that the loan solutions we offer are from the most trustworthy and reputable lenders.

If you’re the type of person that values your time and wants to give your debt consolidation loan request the best chance for success, then we highly recommend you contact us to learn about your best loan options. You can either complete our easy-to-use loan solutions form or you can call us toll-free at 1-800-781-5187 to speak with one of our knowledgeable and experienced financial search specialists. From there our free service will put you in touch with safe, reliable, and trustworthy debt consolidation loan providers that fit your unique situation.


Consolidate Your Credit – Top 10 Options #federal #school #loans


#consolidate debt
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Consolidate Credit

10 Ways to Consolidate Credit Card Debt

Readers often ask Bill, the Bills.com advice columnist, how to consolidate their credit card debt. Here is a summary of Bill s top 10 suggestions for you to consolidate credit card debt.

1. Apply for a Home Equity Loan

A home equity loan is money you borrow that is secured by your ownership stake in your home. Home equity loans are similar, in some ways, to standard primary mortgage loans. Both have fixed principal amounts disbursed when the loan closes, pre-set payment schedules, and either adjustable or fixed interest rates. Home equity loans also share similarities with Home Equity Lines of Credit (HELOCs).

2. Consider a Cash-Out Refinance

In a cash-out mortgage refinance, the home s value is estimated by an appraiser. The house s value is compared to the balance on the home loan. Any equity available can be borrowed against by the homeowner. If the homeowner refinances for amount larger than the balance of the mortgage, this is called a cash-out refinance.

3. Open a Line of Credit

A line of credit is a form of revolving credit where the borrower is approved for a specific amount of credit. Banks and credit unions typically offer consumers lines of credit secured by a home. They may also offer an unsecured line of credit to high net-worth customers with perfect credit history.

4. Transfer to a Card with 0% Interest Balance Transfer

0% balance transfer offers are available only on certain credit cards, and only well-qualified people are offered these cards. However, if you qualify, the 0% rate is for a limited period of time. If you do not pay off the debt you transferred onto the new card within the promotional period, the creditor will begin charging interest on the remaining balance.

5. Apply for a Personal Loan

Personal loans have fixed monthly payments and must be paid-off in-full within a set amount of time (typically over 36 or 60 months). You can find personal loans at your local bank, credit union, Prosper or Lending Club .

6. Get a 401(k) Loan

A 401(k) loan, if allowed by the rules of your 401(k) plan, is a withdrawal from your account that you repay with a modest interest rate. The interest paid goes to your account. You pay yourself the interest. There is no tax consequence for a 401(k) loan that is repaid. The risk of a 401(K) loan is the costs involved if something prevents you person from repaying the loan as agreed.

7. Borrow From a Rich Family Member

It probably will save interest charges, but personal loans create the potential for damaged personal relationships, the expectation that you ll return the favor years down the road, and even legal action by someone who was previously a good friend or close family member. If you are asked to lend money to a relative, consider instead gifting the person the money.

8. Consult With a Credit Counselor

Consumer Credit Counseling Service (CCCS) companies help people with financial counseling, budget planning, and Debt Management Plans (DMPs). In a DMP, the CCCS arranges a new payment amount with each of your creditors that is based on a lower interest rate. You then make a monthly payment to the CCCS, which distributes the funds to creditors. CCCS has negatives, though. First, depending on your creditors, the CCCS may not be able to reduce monthly payments enough to improve your financial situation. Second, it may have a negative impact on your ability to obtain a loan, so you may not wish to enter into a DMP if you anticipate any large purchases, such as home or an auto, soon. Third, the average DMP takes 5 years to complete, so you must be able to commit to a long-term repayment plan.

9. Hire a Debt Settlement Company

Debt settlement companies also offer credit consolidation services. Rather than making monthly payments to your creditors, these programs negotiate lump-sum settlements with creditors, often reducing debts substantially. Debt settlement programs usually take 3 to 4 years to complete, so this is a good option for many people to rid themselves of debt in a speedy manner. In many cases, they set up a low monthly program payment. However you make special savings deposits in lieu of minimum monthly payments. You are not making payments to creditors, which has negative consequences. First, debt settlement programs, will significantly damage your credit score while in the program. You will also be exposed to your creditor s collection efforts, including letters calls and possible lawsuits. However, if you are unable to afford to pay your creditors, the hit to your credit and the negatives may be worth the benefit of ridding yourself of credit card debt.

10. Create a Budget and Change Your Spending Habits

One of the first steps toward financial freedom is to understand how much money comes in and goes out of your household every month, what is called your cash flow. Your cash flow is a factor of how much comes in as income and how much goes out as expenses. Hopefully, you have much more coming in than is going out and if you don t you may need to make some quick changes. Start by creating a budget that breaks down your income and expenses by financial categories, providing you with a snapshot of your entire cash flow picture.

Conclusion

As you can see, you have many options to consolidate your credit card debt. Which you choose depends on your goals, circumstances, and the amount of your debt.


Car Loans 4 U – Your Options #fha #home #loan


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Car Loans 4 U Your Options

If you are having bad credit, are unemployed or generally do not qualify for the typical bank loans for automobiles, then you are probably going to have a bad time. However, the good news is that this will happen only when you are ignorant of the different options available for car loans 4 U. There are a number of places where you will be able to get a great car loan without bothering about the extensive paperwork of the banks and the delay in getting your vehicle. Doesn’t that sound like a cool idea to get car loans 4 U. Certainly. Let us have a look at all the options that are available to you.

Home Equity Loan

This is one of the smartest ways in which you will be able to finance your car, regardless of your credit status. The interest rates of the home equity loan are quite less. You will be able to find a really great financing opportunity in this case. The best thing about these loans is that they are tax deductible under the mortgage interest. Therefore, you will not only getting a great financing opportunity, but also be a le to mitigate your expenses to the best possible extent. You don’t even have to think about the higher rates of interest of the bad credit car loan companies. Just go ahead and find the best way to get a home equity loan for yourself.

Buy Here Pay Here Car Dealerships

If you do not own a house or do not stand eligible for this kind of loan because of any reason, then you can get car loans 4 u from the Buy Here Pay Here car dealerships. They will be providing you an excellent opportunity to get an old car with the minimum hassles. Some of these dealerships will be providing sub-prime car loans 4 U. However, most of them believe in in-house financing. The rates of interest are really very high when it comes to such dealerships. However, it is all because of the risk involved. You just go and select a car, make a down payment and take the car home. You must always try to get in-housing car loans 4 U in order to get the best rates. In this case no third parties are involved and it helps in lowering down the interest rates. One more thing needs to be understood here. Instead of monthly bank transfers or checks, you will have to make weekly payments in cash. No other means of payment are accepted here.