Debt Management

Written by Tony Forster


Debt management. To be sure,repparttar phrase has been in use for some time now andrepparttar 111828 Federal Trade Commission reports that there is a fast growing area of complaint involvingrepparttar 111829 so-called Credit Management or Debt Management industry. But what is debt management anyway? And why do people consider it as either potentially lucrative or downright hazardous path to follow?

Introduction

The term debt management is actually an umbrella for a large group of debt-environment functions and activities. Debt management involves one or all ofrepparttar 111830 following: debt reduction, consolidation, negotiation, settlement, bankruptcy, credit repair clinics, and even deciphering credit reports. To have some inkling as to what debt management really is, let's first define these few terms:

  • Credit Repair Clinics - These are services offered by institutions that are said to help you fix your credit. Nolo Press and other notable consumer groups for debt management issues strongly advise against credit repair clinics. They say that a lot of these clinics are illegal. Some of their actions include stealingrepparttar 111831 credit files of folks underrepparttar 111832 age of 18 orrepparttar 111833 credit files of those who have died or live in far away places. Some have also been said to break into credit bureaus and change files. Still, others suggest you to start a new IRS Employer Identification Number (EIN) which is illegal and prevents you from earning Social Security benefits. Butrepparttar 111834 bottom line of

How to Refinance Your Home

Written by Tony Forster


How to Refinance Your Home

Refinance Your Home

- There are several reasons why you should consider a refinance mortgage on your home loan. When you refinance your home, you can cut your monthly mortgage payments. In addition, you can tap into your equity, or your home value, in order to pay off other loans and credit cards. This in turn helps you to deduct your mortgage interest from your taxes.

How to Refinance Your Home

Now that you knowrepparttar benefits with home refinance, let us now go torepparttar 111827 steps. The first thing you need to consider when you refinance your home isrepparttar 111828 current trend in interest rates. Most major Sunday newspapers feature this type of information in their real estate section. Find outrepparttar 111829 current interest rates from local dailies or online quotes. You can also contact a mortgage broker and speak with a real person about your home refinance questions.

If this is not your first attempt at getting financing for your home, then you probably known that there are actually several types of loans. The second step therefore is to identifyrepparttar 111830 type of mortgage you want - whether it is fixed, adjustable, or a combination ofrepparttar 111831 two. Remember that each type may mean a different set of advantages and disadvantages for your home refinance venture.

The third step is comparison shopping. Comparerepparttar 111832 new interest rates to that of your current mortgage. To do this, find out what possible monthly payments are being spoken of with your new loan.

Cont'd on page 2 ==>
 
ImproveHomeLife.com © 2005
Terms of Use