Loans

What Is Home Equity?

Home equity is the difference betwеen the market vаlue оf а house аnd the amount borrowed оr owed оn it. Most people thіnk оf equity аs thе difference bеtween thе mortgage аnd thе vаluе оf thе home, whіch іs accurately inaccurate. Equity iѕ determined by subtracting thе amounts оf аll debts оr obligations secured wіth …

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Three Solutions to Credit Card Debt

Credit card debt can be terrifying. For customers facing debt, there are many solutions that are available – but not all solutions are applicable to each consumer. When choosing a solution to credit card debt, consumers need to ensure they consider the amount of the debt, the type of debt, the interest rate of the …

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Budgeting Your Way out of Debt

One of the most effective tools that customers can use to become debt free is to learn to manage the money, create a budget and include a repayment plan that is adhered to every single month. For many customers, debt becomes out of hand because the spending is unbalanced in the budget, the expenses are …

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Avoid the Consolidation Loan Trap

For customers that are trying to keep their head above water in debt, a consolidation loan may seem like the best option that is available at the time. Using a consolidation loan, the customer is able to take all of the existing debt with multiple credit card interest rates, multiple debt amounts and create one …

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