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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Loans"

Credit Card Debt Consolidation Loans: An Easy Way to Manage Your Debts

Credit Card Debt Consolidation Loans: An Introduction In the modern world the use of credit card has increased exponentially. The credit cards issued by various banks and financial institutions are of immense help for daily financial need as the transactions can be incurred by the credit card. The repayment of money to the concerning institution can be handled smoothly when you use only a single card, but gets troublesome when a variety of card is used. We often forget the high interest rate charged by the banks and find ourselves entrapped in vicious circle of debt. It is in these testing times that credit card debt consolidation loans smoothen our whole process of handling the multiple credit card debts. Advantages of Credit Card Debt Consolidation Loans Credit card debt consolidation loansmerge all your … Read entire article »

Filed under: Credit Card Consolidation

Caution! If You Are Not Careful You May Have to Pay Taxes on Your Cancelled or Reduced Loans

Article by Seomul Evans If you are neck deep in debt and are constantly trying to make ends meet, you may get the biggest reprieve if the bank or lending institution that you are dealing with agrees to cancel or reduce your debts. Now, don’t be under the impression that this is going to be easy; however, it is not impossible either. Getting your debts cancelled or reduced is a wonderful way to start on clean slate; all your records will be cleaned and you will be free from the pesky monthly payments that were giving you sleepless nights. But if you are not careful, this boon may turn into a curse faster than you know. You may have to pay taxes on any debt reduction or cancellation if you don’t … Read entire article »

Filed under: Debt Relief, Insolvency

HARP Loans For Underwater Homeowners To Refinance Into Lower Mortgage Rates

Article by Karan Agarwal For much of the past year, mortgage rates have been at or near record low points. Unfortunately, many homeowners have been unable to take advantage of these rates due to declining home equity. Many homes have lost significant amounts of value since the housing market peaked in 2006. As a result, many homeowners now owe more on their mortgage than their home is worth (this condition is known as being “underwater” or “upside-down” on one’s mortgage). Homeowners who lack equity in their homes are frequently unable to meet the loan-to-value (LTV) ratios required by lenders in order to refinance their mortgages. These borrowers may be missing out on thousands of dollars worth of savings. In response to this situation, the government created the Home Affordable Refinance Program (HARP). … Read entire article »

Filed under: Mortgage Refinancing

Modification Mortgage Loans: Modifies Your Mortgage

The modification mortgage loans are those loans which are being applied by the borrowers in those particular situations when it gets tough for them to pay off their loans or mortgages. It may happen to you as well that you find it really tough at times to maintain regularity of installments or arranging cash further gets difficult and in such situations; you can opt for a settlement with the lender. Through a certain negotiation and settlement between the borrower and the lender, the amount to be paid off can be lowered together with the rate of interest to be paid every month. It is this process only that is known as modification. There are generally, several reasons that encourage one to get the modification mortgage loans. Some of the noteworthy grounds … Read entire article »

Filed under: Foreclosure Help

Debt consolidation and student loans question?

I’m trying to repay my debt but I am having a very hard time. I have about 40k in debt including interest I’ve accumulated (over estimate, to be safe) most of which is 1 private and 1 federal student loan (probably 35k worth) and the rest are utility bills that are years past due. I’m in my twenties, not a home owner, and currently not a student. Most all of, if not all of, these debts have already gone to collections. I work a job with unsteady hours so I’m never sure how much my pay check will actually be for, this makes it very difficult to budget. Not to mention, I simply don’t make much money. I’ve been actively looking for a higher paying and steadier job but haven’t … Read entire article »

Filed under: Student Loan Help

Is it possible to consolidate both federal and private student loans into one consolidation, or do I have to?

do it separately? … Read entire article »

Filed under: Student Loan Help

debt-consolidation loans [student loans]?

i need some info about “debt-consolidation loans”. im trying to get a loan and i’ve heard that these are have low and fixed rate of intrest. but i don’t know if they are staffurd loan or not.[federal pays the intrest while im at school?] btw if anybody know a good student loan let me know, so i can apply… … Read entire article »

Filed under: Student Loan Help

Is it futile to search for lenders that do “true” Debt Consolidation LOANS??

I have been searching for almost two months to no avail. Are there no legitimate lenders that perform Debt Consolidation Loans? I am not looking for a Home Equity Loan, I mean a loan to “replace” my high interest loans and credit cards with one affordable monthly payment? … Read entire article »

Filed under: Debt Consolidation and Refinancing

Can I put private education loans in my federal consolidation loan?

I was just called by Sally Mae; the very rude collection agent was demanding that I make payment immediately for my loan that is 60 days overdue. I am currently doing the paperwork for a William D. Ford Federal Direct Loan to consolidate all of my student loans together. The agent told me that would not take care of this loan because it is a private student loan not a federal. Is this true? What options do I have if any to get all of my loans consolidated together? … Read entire article »

Filed under: Student Loan Help

Student Consolidation Loans: Good or Bad idea?

Recently the reality stick has hit me hard: with the current set up i have, i’d owe about 400$ a month in student loans (both federal and private). That sucks pretty much. But this is also because i’m not exactly full time in my career-type job. I’m lucky in that i get to go back to school and happy deferment land, but it gets me thinking that a consolidation would be kinda awesome. They warn that it’ll fix the rate at the average, and if i’m not paying so much against principle i’ll be paying back longer, but if have the one interest rate, and pay back as if they were split (say i’d only owe 65$/mo consolidated, but around 200$/mo for just the federal) Wouldn’t i be applying more … Read entire article »

Filed under: Student Loan Help

Student Loans Consolidation?

From what I understand, loans consolidation means to stabilize the interest rate from going up right? What if the government cut the interest rate? I mean when I consolidated my student loans last year it was 6.25%, now I just heard that the government cut down the rate to nearly half. So do I have to pay back my loans with 6.25% interest rate due to the consolidation or the new low rate? Thanks … Read entire article »

Filed under: Student Loan Help

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