Archive for March, 2009
Lesson One: Reduce Your Debt
With the American economy, along with many of the major world economies, on a downward spiral, money worries and stress are at an all-time high. Thus, it is no surprise that millions of people are turning to ways to reduce their debt at an accelerated rate.
Lesson Two: Consolidate Your Payments
One of the popular terms in today’s climate of debt and financial stress is debt consolidation. Before we take any action when it comes to our finances, we need to make sure we understand precisely what it is we are considering. So if you are interested in the strategy of consolidating your debt and payments, [...]
Lesson Three: Modify Your Home Loan
Loan Modifications are changes to your loan agreement. Your payments get more affordable, and you don’t have to default on your loan. Banks choose to offer loan modification programs because it is easier to work with you than to go after you.
Lesson Four: Pay Off Your Home in 7-10 Years
home payoff
Lesson Five: Lower Your Interest Rates
A major consumer group conducted a study to find out how easy it is to get a lower credit card interest rate. Fifty-seven percent (57%) of those who simply telephoned their credit card company and asked for a lower interest rate got one instantly. This rate was anywhere from 7 to 10 points lower than their current rate.