Making the Most of Cash Advances

June 23, 2012 by  | Leave a Comment Filed under: Loans 

There has been a lot of discussion as to the pros and cons of the cash advance industry, but let us try to look at the issue objectively. There is no arguing the fact that cash advances can be both a curse and a blessing. Essentially, it all depends on who is taking the loan and why. There is a (read on...)

5 Ways to Avoid Filing for Bankruptcy

June 16, 2012 by  | Leave a Comment Filed under: Bankruptcy 

According to Dave Ramsey, bankruptcy is in the top five worse things that can happen to you in a life time. It stands near divorce, illness, disability and loss of a loved one. After all bankruptcy can also be considered the loss of love one called money. People who go bankrupt suffer depression (read on...)

How to Get a Secured Loan With Bad Credit

May 16, 2012 by  | Leave a Comment Filed under: Loans 

In today’s economy most of us have had a financial hick up at one point in time. Did you know that 60% of all the daily personal loan applications in the UK are being declined? So what to do when you’re in this situation? There are a view options that you could consider: If you are (read on...)

How a Letter of Credit Works

May 12, 2012 by  | Leave a Comment Filed under: Credit 

Letters of credit are mainly used for large transactions between customers in one country and suppliers in another. Because of the nature of international trade, the specifics of different transactions, and factors such as national legislation, distance, and difficulty knowing all trade partners (read on...)

Do All Payday Loans Offer the Same APR Rate?

May 4, 2012 by  | Leave a Comment Filed under: Loans 

Whilst the actual cost of borrowing is reasonably standardised, the APR charged by lenders within the payday loan industry can be markedly different. Whilst this can confuse some consumers, it shouldn’t be cause for concern. One of the major reasons that the representative APR differs is (read on...)

Consolidating Home Loans and Other Debts

May 1, 2012 by  | Leave a Comment Filed under: Loans 

If you are in debt and trying to get yourself out of it, then there are various options available to you. Among these is loan consolidation which is a way to reduce your debt at the same time as making it easier to manage and a lot less stressful – and it can even help you to improve your (read on...)

Should Seniors Take Advantage of Today’s Low Reverse Mortgage Rates?

May 1, 2012 by  | Leave a Comment Filed under: Loans 

On a forward mortgage loan, a borrower’s interest rate will impact the size of his or her monthly payment. Since reverse mortgages do not make monthly payments to their lenders, interest rates may seem unimportant. Reverse mortgage rates, however, actually do play a very important role in (read on...)

Thinking About a Loan? Try a Reverse Mortgage Calculator

April 27, 2012 by  | Leave a Comment Filed under: Loans 

Home Equity Conversion Mortgages (HECMs) remain popular with seniors interested in making the most of their home equity during retirement. While many of the requirements necessary to qualify for an HECM are clear, others are somewhat hazy. Seniors who are interested in these loans often wonder if (read on...)

How Does a Reverse Mortgage Work? Understanding Servicing, Refinancing and Payoffs

April 27, 2012 by  | Leave a Comment Filed under: Loans 

When most seniors ask, “How does a reverse mortgage work?” they are really asking how to apply and qualify for a loan. For many seniors, qualifying is the simple part. To qualify for a federally-insured reverse mortgage, or Home Equity Conversion Mortgage, seniors must be 62 years of (read on...)

Help For Homeowners From the Obama Mortgage Relief Plan

April 25, 2012 by  | Leave a Comment Filed under: Loans 

The Obama Mortgage Relief Plan offers hope to millions of American homeowners. Nine million homeowners are estimated to potentially benefit from this program. It was originally introduced in 2009 and is designed to help people keep their homes and avoid foreclosure. This will be accomplished by (read on...)