Prepaid Cards: Essential Features to Watch Out for

For people shopping for prepaid cards, it is important to know that even though their names may be the same, they usually come with different features. Another thing you may need to know is that prepaid cards are quite different from debit cards and credit cards. Therefore, in this article, I will like to point out the following: What is prepaid card? Difference between prepaid cards and debit cards Difference between prepaid cards and credit cards How to shop for prepaid cards Advantages of prepaid cards Disadvantages of prepaid cards What is prepaid card? Prepaid cards are means of payment Continue ReadingPrepaid Cards: Essential Features to Watch Out for

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