Understanding Student Loans Deferment and Forbearance

What is Student Loans Deferment? Student loans deferment or forbearance is the arrangement that allows you to temporarily suspend the repayment of your student loans with or without interest being accrued for a specified period. Student loans deferment and forbearance are applicable to Federal Student Loans. Some people use the terms “student loans deferment” and “student loans forbearance” interchangeably. But unfortunately, the two terms are not the same. While the two arrangements help you to postpone the payments of your student loans for a specified period, student loans deferment may not accrue interest during this period while forbearance will definitely Continue ReadingUnderstanding Student Loans Deferment and Forbearance

Student Loan Consolidation Facts You Need to Know

How to Consolidate Student Loans Are you considering student loan consolidation as a solution to your student debts challenge? You need to first find out whether it will help you achieve your objective. What is student loan consolidation? I will define this with explanation. As you know that it is possible for a student to obtain student loans from different loan servicers before he finally graduates from school. Let’s assumes that you accumulated total debts of $34,000 from eight different loan servicers in order to pay for your tuition fees and other expenses while at college. The implication of this Continue ReadingStudent Loan Consolidation Facts You Need to Know

How to close credit card in proper way

If you want to close credit card, you should be aware that it is more than cutting the card into two. There are certain procedures you need to take so that you don’t get your fingers burnt. Of course, you may have your own genuine reason that propels you to want to close the card. You should endeavour to evaluate the decision before you finally cancel the card. I may not know why you want to cancel your credit card. Generally, people close credit card for some reasons which may be similar to the ones discussed below. Reasons that can Continue ReadingHow to close credit card in proper way