Tell the World About You
You have a new website, or a new business, or both - or your site isn't getting the kind of traffic you want a...
Are You Just a Shadow of the Person That You Could Really Be?
Next time you go outside during the day I want you to look at your shadow. Let's now use this analogy to defin...
Blessing The Money You Spend
A young girl opens a birthday card from her grand mother and folded inside the card is a crisp $100 bill along...
Articles Tutorial
Articles on advertising, sales
management, business, stock market, hobbies, health, lifestyle, family relationships, online
business, money, stock trading and m...
Exchange links with our website.
|
|
Author: Charles Essmeier Article source: http://www.reliefloans.com/. Used with author's permission.
Studies show that Americans are now saving less than ever before. Along with that, Americans are carrying a heavier debt load than ever. It's easy for a home loan, a car loan and a few credit card bills to get out of hand, and many people are struggling with more debt than they can easily pay. To make matters worse, new bankruptcy legislation will make it harder than ever to file bankruptcy for those who simply cannot pay their bills.
There are a number of solutions available that allow most people to reduce their interest rate on their debt, reduce their total monthly payment, or both:
Ask for a lower rate on your credit card. If you have been making payments regularly, and you haven't had a history of late payment, you may be able to lower your interest rate on your credit cards simply by calling your credit card company and asking them! It doesn't always work, but the market for credit cards is pretty competitive these days, and many lenders would rather lower your interest rate than lose you as a customer. It's worth asking.
Get a new credit card. If your lender isn't willing to lower your rate, shop around for a credit card with a better interest rate. There is no reason to be paying 20% or more in credit card interest if you don't have to. The interest on credit cards is not tax deductible, but if you can get a credit card with a lower interest rate and you move balances from other cards to that one, you can save quite a bit.
Take out a traditional bank loan with collateral. You can probably obtain a simple installment loan from your bank by putting up cash or investments as collateral for the loan. Like credit cards, the interest isn't tax deductible, but the interest rate may be better than credit cards, and if you consolidate several payments into one with a bank loan, you will lower your monthly payment.
Take out a home equity loan or home equity line of credit. If you have equity in your home, you can borrow up to 80% of your equity in either a lump sum or a revolving line of credit. Interest rates are still quite low on home loans, so this one could be a good way to consolidate your debt. As a bonus, the interest is tax deductible. A minor downside is the fact that these loans usually have application fees and/or closing costs.
Most people can utilize one of the ideas above to help them reduce their debt. If none of these options work for you, you should consider speaking to a credit counselor, who can outline other options that may work for you. Many credit-counseling agencies are non-profit, so it may be worth your while to talk to a credit counselor if nothing else will work. ©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a site devoted to debt consolidation and credit counseling, and HomeEquityHelp.net, a site devoted to information regarding home equity loans.
Strongly Scented Candles: Use your mouth, nose and eyes to tell
Candles are made with so many different wax blends, it can be difficult to know for sure how well a cold candle will perform until it is lit. That means, in mo...
Setting Clearer Performance Expectations
The annual performance review. The concept behind the performance review or evaluation is a good one. Unfortunately these meetings are ineffective at best and...
Advertising Made Easy, and Cost Effective
Stop wasting your time and money on uneffective advertiseing, Read this article and find out how to make advertising easy, and cost effective.
Three Easy Garden Designs You Can Create
Creative garden design is one hobby that knows no limits. Here are three garden designs that you can easily create.
The 10 Cornerstone Principles of Marketing
Marketing results are only as powerful as your marketing
systems. To build your marketing system you need to be able
to do four things: attract, convert, leve...
Three Way Linking - Webmaster Strategy
Three way linking and concerns. For many years SEO experts were happy with two way linking or reciprocal linking but in due time researchers anticipated a chang...
Communicating Our Attitude
Long lasting relationships with your prospect is the goal of successful marketing. When you are not excited about what you are doing, it makes a successful mar...
Business Center on the Internet
The Universal sales market, your own presence, office, or magazine on the Internet that operates around-the-clock, which you can control from anywhere!
Why Angels, Why Now?
The Angelic realms have been very active throughout the human experience. They—as brilliant aspects of our Source—have been offered as protectors and teachers f...
Cash Advance Payday Loans: Yes The Rates Are Higher!
Cash Advances, also know as Payday Loans, also called Paycheck Loans are exactly as their name sounds. They are short-term cash advances intended for the purpos...
The Magic of Annual Vines
For the cost of a packet of seeds, you can quickly create a show stopping garden accent or a living hideaway for children, hide a rusty chain link fence or an u...
On Sunsets and Telecom
Another perfect sunset seen from Redondo Beach, California. Since arriving here in June I've had the pleasure of watching many sunsets while jogging or walking...
Bigger than the Baby Blues - Signs of Postpartum Depression?
Article about depression, anxiety, stress...
Low Interest Rate Credit Cards – Understanding The APR
It's important to understand how APR with credit cards to make sure you understand how much interest you are paying.
Online Website Promotion: How To Expand Your Business By Staying In Touch With Your Customers
If you want your customers to keep coming back
To buy from you, then keep in touch with
them.
San Diego Home Evaluation
Having trouble formulating a fair asking price that will attract potential buyers to your home? Selling your home can be done much more quickly if you have a S...
LapBand Surgery: The Rules of the Road, Part 2
LapBand Surgery patients have many rules to follow to be successful in their Weight Loss. We also have to know and understand terms like "restriction" and being...
Get More Referrals Using Your Email Signature
Are you wondering why you're not getting referrals? In less than 3 minutes, you can use your email signature to get more ezine subscribers, and visitors to your...
Wisdom Quotes Point - Arguments Just Explain
What are "wisdom quotes?" They're not arguments or philosophies. They are simple statements that point at the truth.
Seven Fatal Errors in Online Marketing Demos
This article talks about some of the fallacies about creating online demos so thatyou can market your products effectively.
Bad Luck, Bad Choices, and Bad Habits
We were at some friend's house the other day and the wife mentioned some other acquaintances of ours. "It sure is too bad, all the bad luck they have," she said...
Finding Delicious Cookie Recipes
Many of us have an inner baker inside us that loves to find new cookie recipes to try. But, where do you find new, tried and true, cookie recipes that your fami...
The Most Important Question To Ask About Your Web Site!
When you design a website how do you start? Do you start with the banner graphics at the top, or the order page or maybe the sales letter? All of those are ar...
The Right Exercise Intensity
We've all heard the exercise guidelines that recommend we participate in 30 minutes of moderate intensity physical activity 3-5 times per week. That seems easy ...
|
|
Print this page