What is a Debt Consolidation Loan?

What is a Debt Consolidation Loan?
Do you sit down at the end of the month only to stress
about the shear number of bills you have? Are most of your
bills in the form of credit card payments or other debt
obligations? Are you noticing that your interest rates vary
for each different debt.? Would you like to potentially
save money? Would you benefit by having all of your debt on
one single account and by having only one bill to pay? If
you answered, yes, to any of these questions, then a debt
consolidation loan might be for you. Find out exactly what
a debt consolidation loan is in this article.

A debt consolidation loan is a type of loan that takes all
of your debt and consolidates it into a single loan. The
main advantage is that you have only a single payment to
make towards your debt each month. If you've had student
loans and have consolidated them into a single
consolidation loan, then you know the benefit already.
However, there are a couple different types of
consolidation loans that you need to consider. These are
secured and unsecured consolidation loans.

Secured consolidation loans are loans that you put up
collateral for such as real estate. There are several
advantages of a secured consolidation loan over an
unsecured consolidation loan. The main advantages include
having generally lower interest rates, lower monthly
payments and overall better loan terms. The major
disadvantage is that if you default on your loan, you will
lose whatever you put up as collateral.

The second type of debt consolidation loan is an unsecured
loan that puts all of your debt into a single loan. While
these generally have higher interest rates and less
favorable loan terms than a secured loan, if you have no
assets or are afraid of losing your real property, then the
unsecured loan might be for you.

Remember, taking out a debt consolidation loan should not
be a used to overcome poor debt management skills. If you
are having serious financial trouble because of your debt,
then you need to seek professional debt counseling in order
to find more long-term solutions such as learning how to
manage your money and your credit. If you don't learn to
manage your credit and money and minimize your debt, a
consolidation loan will not help you in the long run. In
fact, a consolidation loan has the potential to make your
debt situation worse if you are not practicing good
management skills.

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For more ways on how to save money and manage your debt, go
to http://www.creditmanagement101.com
The author runs http://www.creditmanagement101.com - a
website dedicated to issues concerning debt and credit
management. Learn about responsible credit management, your
credit score, debt management plans and credit counseling.
Also find ways to save your money by maintaining a livable
budget that reflects your means.

Apply Online for a Credit Card: It's Safer than Ever

Apply Online for a Credit Card: It's Safer than Ever
Applying for a credit card has never been easier. Thanks to
the Internet, you can look through a wide variety of credit
cards, choose the right one, and fill out an application
right away. With today's security features, you don't have
to worry about your information falling into the wrong
hands. Here's what companies are doing to make applying
online for a credit card safer than ever.

Online Security Features

Protecting your privacy is essential for credit card
websites and issuers. Secure credit card websites use
Secure Sockets Layer (SSL). This technology involves a
complicated encryption program. It protects your
information as it travels to the right place. SSL has been
improved over the years; today's version makes it virtually
impossible for the information to be intercepted.

To check for SSL, look carefully at your online credit card
application page. The site's web address on the top of the
page should begin with the letters https (as opposed to
http ' the s indicates the security measures). Also, you
should see a closed padlock on the screen. Many websites
offer detailed information on their security plan. Click on
the padlock or appropriate link to learn more about their
safety features.

In many ways, it's actually safer to send in a credit card
application through the Internet rather than the postal
mail. Consider this: your personal data travels through
cyberspace at lightning-speed. It lands, safely, in its
appropriate destination in less than a second. If you send
an application through the postal mail, it travels for days
between places. Numerous hands handle the envelope. Every
time it gets passed on, there are chances for identity
theft or fraud to occur. For these reasons, you might be
better off with an online credit card application.

Additional Online Benefits

Besides being safe, you'll enjoy other benefits when you
apply online for a credit card. First, you'll have the
chance to view many different offers. Credit card websites
are organized into categories such as "low interest,"
"balance transfer," and "rewards." All you need to do is
click on the type of card you're interested in and the
various options will appear. You'll be able to see
different credit cards right next to each other, making it
easy to compare their features.

For many credit cards, after you send in the application,
you'll get an email response. You'll know within minutes
whether or not you've been approved. This is much faster
than waiting weeks for the postal mail to arrive. It also
lets you start planning how you'll use the credit card
right away.

Filling out an application is just the beginning of what
you can do online with your new credit card. You can sign
up to receive your statements online. You'll also have the
option of accessing your account online. Making payments,
checking your balance, and redeeming your rewards can all
be done with a few simple clicks of the mouse.

Applying online for a credit card is another convenient
tool of today's society. With the safety features credit
card sites use, you won't have to worry about your
application falling into the wrong hands. And once the card
is in your wallet, you can continue to manage the account
through the Internet. It's safe, fast, and convenient.

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To Apply For A Credit Card Today click the following link:
http://www.credit-card-surplus.com . Ed Vegliante runs
http://www.credit-card-surplus.com , a directory helping
consumers to compare and apply for credit cards.

Mortgage Refinancing Scams

Mortgage Refinancing Scams
Social, cultural, commercial and political integration have
created dramatic changes in all aspects of our life. As a
result, privatization became a reality and transformed
itself as the keyword to development. The real estate wing
of the commercial sector is all set for the major leap. The
money lending market, which is growing at tremendous speed,
is utilizing this opportunity to channel their resources to
the real estate field with all its might and distinct
marketing strategies.

In order to cope with the changing trends, the mortgage
refinancing companies penetrate the market by all means.
Mortgage refinancing scams also develop in parallel to the
above strategies. The mortgage refinancing scams result in
misleading the customers, way ward. This causes negative
impacts on the real business. Due to these scams people
lose their trust in the mortgage refinance system, thereby
giving a heavy blow to it.

Since mortgage refinancing is very widespread nowadays,
people have got different choices to deal with before
availing the service. The reasons for attracting people to
refinancing their mortgage is the financial gain coupled
with the service a person could get. And it is a fact that
the mortgage refinancing scams developers spread their
illusion- webs on the common people to thwart the intention
of the real mortgage refinancing companies, and to misguide
the people, and to make them prey to their swindles
unending.

People all over are on the look out for changes. They may
be attracted to anything that offers unique features. As
such the mortgage refinancing scams initiators will never
sit idle and invoke the facilities of the media, including
the Internet, print and electronic media to throw their
magic spell. The gimmicks they show will be taken as
granted by the customers and become prone to their whims
and fancies.

A certain extent of these mortgage refinancing scams could
be avoided if the customers are vigil on these scams and
possess a will not to be carried away by the dream filled
offers they spread before us. People opt for a particular
mortgage refinancing company considering different aspects
like promptness, performance, reliability,
customer-oriented service together with the interaction of
the companies and their application of the latest
infrastructure that streamlines the process of financing.

As the number of companies that are engaged in mortgage
refinancing is swelling day by day it is quite a task to
select a convenient company. Mortgage refinancing scam
developers intrude here with their tactics. It should be
kept in mind that the swindlers would never fail in making
us believe them and we follow their line like the children
moving under a magic wand.

The victims to mortgage refinancing scams are elderly and
minority people. Also, people of low-income group and bad
credit lines are affected by the scams. Most of the
refinancing scams are connected with home equities. Before
signing up a contact with any companies, one should be
vigil, otherwise you can lose your home.

Most of these mortgage refinancing scams penetrate the
people who are in dire need of money. In order to gain
some money they do whatever the scammers direct them to do.
Subsequently, they may land up in trouble and may lose
their dear home forever, and fall in more debt. So, beware
of these mortgage refinancing scams and the scammers.

Bear in mind not to lose your head and make a wrong
financial decision that is going to affect you for the rest
of your life.

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Moses Wright likes to help home owners with refinancing
their house whenever he is free. He provides more info and
guide on mortgage refinancing on his site:
http://www.bulletpedia.com/refinance.htm

Why Choose A Secured Loan Over Remortgage

Why Choose A Secured Loan Over Remortgage
A remortgage is not always an appropriate recommendation,
as you may want to keep further borrowing secured on the
property separate from the main mortgage account.

There might be a number of good reasons. For example, there
could be a large redemption penalty when remortgaging, or
you may have secured a fixed rate in the past that is still
highly competitive compared to current interest rates.

By using a secured loan, the redemption penalties are
avoided and the current fixed rate will be protected, as
the original first mortgage will remain in place.

If you want to consolidate debt then a mortgage can work
fine. However, the majority of people are likely to want to
repay earlier than their existing mortgage term. By using a
secured loan you can select a realistic timescale to repay
the loan, and the original mortgage can stay in place for
the selected term.

Many people's circumstances change after arranging a
mortgage. If you no longer fit normal mortgage income
multiples, or have had some credit problems since taking
your mortgage, you might have to pay a high price for the
new mortgage, whereas a secured loan can mean receiving the
funds you need without losing the prime rate he has on your
existing mortgage.

Secured loans can be processed from initial enquiry to
completion a lot quicker than a traditional first charge
mortgage. Depending on the loan amount, the case could be
completed and paid out iine less than a week. This can be
advantageous if you have to raise funds quickly.

Secured loans can be used for many different purposes.
Typically, if the purpose is legal then the loan can be
processed. Many first charge lenders can be difficult when
it comes to the purpose of refinancing.

When you have made the decison to take on a secured loan,
you will need to search and comapre all the available
offers on the market to the find the best deal that suits
your unique requirements. Interest rates and repayment
periods will differ from lender to lender as well as the
borrowing levels and terms of the loan regarding early
redemption penalties.

It is wise to choose a broker who has the ability to search
the whole market for the best deal and not one who is tied
to a narrow group of lenders. Also there will be
limitations to the options available depending upon your
credit history so it is advisable to shop around to find
the optimum secured loan for your needs

----------------------------------------------------
Graham Bradlington is the marketing manager for Quickly
Finance Limited, a company which specialise in Fast track
Secured Loan & Remortgage applications for homeowners.
Quickly Finance is 100% independent & can search the whole
market for the best deals... quickly! For more info:
http://www.quicklyfinance.com

Boom in Foreclosures Is Some Investors Opportunity For Profit

Boom in Foreclosures Is Some Investors Opportunity For Profit
Across North America and the world, the market correction
has caused the biggest increase in Foreclosures in Real
Estate History, but is there any way for us, as Investors,
to profit?

The rate of Homeowners who are more than 90 days behind on
their payments has increased 164% from last year, and
experts say the worst is yet to come.

But can we as Investors save these homes and their owners
from Foreclosure and still be profitable? The short
answer... yes, we can.

While most Investors are still reeling from the blow the
market has dealt them, smart Insiders are cleaning up.

Insiders know that, especially in this current market,
banks DO NOT WANT Real Estate. They want money. And that
simple fact means banks will bend over backward to work
with anyone smart enough to know their simple formulas.

There are three Options to consider when buying
Foreclosures, and these factors will determine the exit
strategy. (And if you understand the House Business, you
know that the Exit Strategy determines the Buying Strategy,
right!!??)

Technique 1: Repayment Schedule or Loan Modification

In this simple strategy, if you come across a property that
has some equity, but may also have a TON of back payments
and attorney's fees, all you need to ask yourself is, "Will
it cashflow?"

If it will, simply contact the bank and ask for a Loan
Modification Agreement- which simply means that the bank
will add the missed payments to the back of the loan, and
structure a new debt, often without even increasing the
payments.

They add the additional monies owed as additional payments
to be made, lengthening the time of the original mortgage
by several months.

Technique 2: Short Sales

A Short Sale is simply contacting the bank and offering
less than what they are owed as full payoff of the
underlying financing. This technique works on properties in
foreclosure.

To decide if a property is a candidate for a Short Sale,
you need only ask yourself, "Do they owe more than it will
sell for quickly?" If so, a Short Sale is your only choice,
because there's no point in making up the payments if they
owe too much to make a profit anyway!

Technique 3: Just Sell The Darned Thing!

Since most Homeowners and Investors are struggling o sell,
it's an easy process to pick up houses at good discounts.
But can you make a profit?

See, an Outsider, who doesn't know what we do, has too many
costs, fees, risks, and BS to make any money off of a
so-called "Marginal" or "skinny" deal. But we have much
more to offer the Seller than they do!

Here's a Perfect Example:

Beautiful Laura, my wife, spoke with a Motivated seller
about a home just 2 miles from where we live, in a High-End
gated neighborhood.

The Property was in excellent condition, and worth
$575,000. The seller owed $490,000 on this 5 Bedroom 4
Bathroom house, was three months behind, and wanted $20,000
out of the sale to pay their back payments and closing
costs.

So what can we do? How could we possibly make a Profit?
Well, it's straightforward- Just Sell The Darned Thing!

Laura simply Optioned the property for the $510,000 price,
and Marketed it through a 7-Day Sale. At a sales price to
the End Buyer of $560,000, it's a fat $50,000 Profit.

See, most people get so caught up in fees, costs, carrying
costs, etc., that they can't move fast enough to capitalize
on a deal. This wasn't even a great deal, but $50,000 is a
nice paycheck!

In this Property, We paid the Seller 89% of Full Market
Value and still made $50,000! And by the way, the Seller
pays the customary Seller closing costs, and the Buyer pays
the customary Buyers' closing costs, so we pay... NONE!

Most people are so concerned about stupid little stuff that
they skip right over this 3rd technique, and walk away from
a HUGE source of CASH PROFITS!!

The current BOOM in Foreclosures is without a doubt THE
biggest opportunity to make a fortune in the history of
Real Estate, and smart Insiders are raking in profits by
the truckload in Markets where Outsiders are complaining
because they can't make any money!

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Jason Loucks has mastered the art and science of retailing
properties through his "7 Day Sale" system. To get your
Free "Secrets of the 7 Day Sale" Audio, that explains how
you can sell houses in just 7 Days, just visit:
http://www.7daysaleguy.com