Monthly Archives: June 2010

There’s a big difference between debt consolidation and debt settlement. Unfortunately, when newspapers run stories listing the misdeeds of debt settlement firms, the average consumer doesn’t make the distinction. Consumers instead lump debt consolidation companies and debt settlement firms into the same category of companies that can’t be trusted. Such is the case with the […]

Personal loans come with a higher interest rate than secured loans, because the very nature of the loans does not give the lender any assurance you will repay. Therefore, banks need to charge a higher interest rate to cover their losses for those who do not pay back the personal loan. That being said, it […]

Two people making the same income, walk into the same bank, wanting the same amount for personal loans. While they both get the loans they were seeking, one gets a much better interest rate and thus gets a much better deal. Why Do Some People Get Better Rates Than Others? First, there is no law […]

In a sign that fewer consumers are heading for debt consolidation loans, credit card charge-offs fell in April, according to a report from Moody’s Investors Services. Charge-offs are credit card balances that the card issuers have written off as being uncollectable. When the number of these falls, it’s a sign that consumers are not falling […]

Between personal loans, auto loans, credit cards and mortgage loans, it is virtually impossible to live a debt free life. Almost everyone will borrow money for something at one point or another in their lives. That means debt will inevitably be in our lives. Despite the bad rap debt has received, there is such a […]

When college students immediately have to worry about debt consolidation upon graduation, who suffers? The students, obviously, have a lot to worry about. But what about the colleges themselves? And, looking far into the future, what about the rest of society? Who knows how many talented doctors or attorneys we’ll lose out on as the […]

It might not rank as the most surprising of news, but a growing number of consumers are worried that they may one day need to take out a debt consolidation loan. A new survey by the Associated Press and GfK reports that 46 percent of consumers are suffering from debt-related stress. Of this number, half […]

Are you worried that you might be heading toward debt consolidation? Do you dread opening your credit card statement each month? Do you wonder if you’ll be able to pay your mortgage this month? If so, you’re far from alone. A new Associated Press-GfK poll found that 46 percent of respondents said that they are […]

Demand for home mortgage loans appears to be falling; maybe that’s because a growing number of consumers today are more worried about debt consolidation than they are about buying a new home. After all, the national unemployment rate is showing few signs of falling. It’s hard for consumers to think about adding the burden of […]