Guide to Debt Consolidation LoansWritten by John Mussi
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Debt Consolidation Loan rates are variable, depending on status. Your monthly repayments will depend on amount borrowed and term. Consolidating debt can be an effective solution if you have accumulated a lot of high-interest debt through an assortment of credit cards, store cards, personal loans, in fact any type of debt that you are struggling to pay back. Debt consolidation will combine and repay all existing debt with one single loan, usually at a better interest rate, which means that monthly repayments are reduced and you are able to pay back money you owe sooner. Spend time researching different lenders and get quote from a handful before deciding on whom to take your debt consolidation loan from. Shopping around will give you means to decide on one that best suits your circumstances and budget. The benefits of a Debt Consolidation loan is that you will only have one monthly bill to pay and depending on rate of interest, size of monthly repayment compared with what you were paying to your creditors each month, is likely to be reduced. The drawbacks to a Debt Consolidation loan are that you are likely to have to repay loan over a longer period and as debt is secured, your home is at risk if you do not keep up with payments being made on it. You may freely reprint this article provided author's biography remains intact:
John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the www.directonlineloans.co.uk website.
| | Home Refinancing Scam – Thieves Use Identity Theft to Steal Your EquityWritten by Charles Essmeier
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in essence, “I don’t want this property anymore.” The property can then be transferred to anyone thief chooses. Once transfer has taken place, thief applies for a home equity loan, takes money, and simply walks away. In an alternate scenario, thief simply sells house and pockets money. As most agencies involved in real estate transactions are quite busy these days, property transfers of this type can often be accomplished without drawing undue attention.
This is just one of many scams that have sprung up in recent years involving real estate. While authorities are certainly interested in catching thieves, such cases quickly become rather complicated and few police departments have necessary expertise required to deal with these cases, since they are fairly new. More often than not, homeowner has little recourse other than to sue mortgage company involved in transaction. The best defense against a possible identity theft/equity theft scam is to protect your identity carefully and to avoid giving anyone your Social Security number if you can possibly avoid it. Failing to do so could cost you your home.
©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 Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.
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