Guide to Debt Consolidation Loans

Written by John Mussi


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Debt Consolidation Loan rates are variable, depending on status. Your monthly repayments will depend onrepparttar 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 backrepparttar 143388 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 yourepparttar 143389 means to decide onrepparttar 143390 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 onrepparttar 143391 rate of interest,repparttar 143392 size ofrepparttar 143393 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 repayrepparttar 143394 loan over a longer period and asrepparttar 143395 debt is secured, your home is at risk if you do not keep up withrepparttar 143396 payments being made on it.

You may freely reprint this article providedrepparttar 143397 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 Equity

Written by Charles Essmeier


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in essence, “I don’t want this property anymore.” The property can then be transferred to anyonerepparttar thief chooses. Oncerepparttar 143387 transfer has taken place,repparttar 143388 thief applies for a home equity loan, takesrepparttar 143389 money, and simply walks away. In an alternate scenario,repparttar 143390 thief simply sellsrepparttar 143391 house and pocketsrepparttar 143392 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. Whilerepparttar 143393 authorities are certainly interested in catchingrepparttar 143394 thieves, such cases quickly become rather complicated and few police departments haverepparttar 143395 necessary expertise required to deal with these cases, since they are fairly new. More often than not,repparttar 143396 homeowner has little recourse other than to suerepparttar 143397 mortgage company involved inrepparttar 143398 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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