“What should I do after paying off debt?” This question is common among those people who are about finishing or have just finished paying off their debts. If you have been in debt and have been paying it down gradually, you must have been looking towards to a date when you will completely be out of debts. By now, you will agree with me that it is easy to get into debts but it is not easy to get out of debt. One thing about debt is that, you will end up paying more than the amount you borrowed as Continue ReadingAfter Paying Off Debt, What Next Must I Do?
What is 4 Cs of credit? Are you planning to apply for credit very soon? Definitely you will like to put things in order before you apply so that your application will not be rejected. Whether you are applying for personal loans or credit card, no financial institution will just grant you the loan or credit without assessing your credit worthiness. No matter your relationship with a bank, it is not automatic that your application for loan will be granted. Before your application is granted, the bank or credit card company will like to look at certain criteria. The criteria Continue Reading4 Cs of Credit You Need to Know Before Applying for Credit
It is not a good experience being in debt. If you are in debt, it is likely that you will be using sizeable part of your income to pay off the debt thereby leaving you with little money to meet your obligations. Besides, the thought of having debts hanging on your neck could be devastating. The situation can become worse if the case has been transferred to a debt collector. If you should have a review of how your debts have remained at that levels, you will realise that it is not because you have not been making payment towards Continue ReadingIf You Are in Debt, Have You Tried This Option?
What is Debt Consolidation? Debt consolidation is actually a financial management strategy whereby a debtor takes one loan to pay off two or more loans. This strategy is usually adopted by people having different loans with varying high interest rates thereby making it difficult for them to meet their monthly obligations. Debt consolidation loan covers different types of loans such as personal loan, car loans, student loans, medical bills, credit card balances and even payday loans. It has to be noted that debt consolidation loan does not cover your mortgage loan. If you have difficulty in meeting up with your Continue ReadingImportant Facts about Debt Consolidation Loan
Is it possible to be debt free in this era of credit economy? The answer can be both ‘yes’ and ‘no’. If you believe that you can be debt free, I will say it is possible. On the other hand, if you think that living debt free life is impossible, then it may be really impossible. However, the essence of this article is to help people that desire debt free living to see clearly how they can easily reach the goal. At the same time, maybe this article will be an eye opener to the category of people who believe Continue ReadingDebt Free Living-How to Live a Debt Free Life