Tag Archives: payments
Student Loans Consolidation – Easy Debts Payments
Are you a student looking for ways to bring your educational student debts under control, the best way is to go for student consolidation loans? Using this way is the best and easier way that a student that has huge student debt can quickly ease out and enjoy is future.
Student debt consolidation is not rocket science. It is the only practical and convenience way to all student debt consolidation stress like payments delay, fund mismanaged, payments default and others.
Student consolidation will surely help one to start taking debt control and be relief.
LOANS REPAYMENT
Student loan consolidation has its own benefit that is favorable to all students. The first benefit is that your interest rate reduces to half after the debt consolidation.
This happen as a result of the average weighted interest rate. As a student you take loans when you are still in school and you never notice the interest charges n the money loaned.
His also happen with those that have credit card loans.
The interest on the loan keeps on piling on the principal and become a big stress by the time you are on your own.
After Student consolidation of loans, the amount will average the interest rate which is now calculated after all interest rates.
The interest is divided and the fixed installments will be decided, this amount must be paid every month.
You will make a huge saving on your earlier payments and also will pay less in all terms.
Another benefit of studentsÂ’ loans consolidation, your installment monthly payments will become less.
Paying your installment in a wrong way will surely make you start living like a pauper, begging before you can afford to eat. You must try and revisit and revise your loan budget every time until you finish paying. After your student loan is consolidated, your principal amount will be spread over a period of 20 to 30, which will tend to reduce your monthly installment.
The debt consolidation company is mandated to bring your monthly installment within your reach; this will make you easily pay off your monthly installment every month.
Every student still under student loan debt always dream of qualifying for the student federal loan consolidation. The student federal loan consolidation has a huge advantage over any other student loans consolidation. When a student qualify for the federal loan consolidation, he or she gets to benefit from prepayments without penalties, repayment plans will be flexible, no credit checks, duration of loan will be longer, no charge fee and a student need not send proof of any income before loan can be approved.
Student loans consolidation gives quick relief from loans accumulated during study.
Always try to first get student federal loan consolidation if possible due to its many advantages.
In any case, student debt consolidation is beneficial for all students under any form of student loans debt consolidation.
If You Are Behind on Mortgage Payments, Take Action NOW!
I have gotten some emails from people who have wanted me to buy their house. The only problem is that they have waited too late. You see when faced with a problem like losing your home, many people get very nervous and scared.
In fact many families feel paralyzed with fear. They are so scared of what could happen to them with losing their home and their security that they aren’t sure what move to make. It is a very tough situation because you have one person telling you to file bankruptcy. You have another person telling you to talk to the bank (and you don’t want to talk to the bank because you don’t have the money that they want anyway). You have yet another person telling you to sell the house while you still can.
Well, I’m here to give you the most unbiased opinion I can. Your first option is probably the easiest. Do Nothing! If you are paralyzed with fear or angry about the situation then you can simply do nothing and hope that somehow the situation works itself out. Well more often than not the situation will NOT work itself out. People who help themselves in life do much better than those who just let life hit them. Take some action now. The longer you wait the less options you have.
If nothing else, sit down and right out your options so that you can see them on paper. Once you visually see them they won’t seem so confusing. Your next option is bankruptcy, well regardless of what any attorney may tell you here is a fact about bankruptcy. If you cannot afford your house then bankruptcy is only a temporary fix. It is like putting a band-aid on a gunshot wound. In some cases it may hurt your credit worse than the foreclosure.
For example, you can usually get a mortgage on a house after you are 2 years out of foreclosure. If you have a bankruptcy you may have to wait longer. Also, bankruptcy cost money. In many cases several thousands of dollars. You might be better off putting that money toward a workout plan with your bank. I have seen people say that many times before.
Your final option (in general) is to sell your house. The way I think about this is by this logic: If you can’t afford the house and you are going to have to move anyway, why not sell it and try and make a couple of bucks to help you along in your move. After all we are not really attached to any particular piece of property. Wherever we lay our head is our home. So stop all the unnecessary stress and move to a place you can better afford, if this is your only option. So please be proactive in your situation. The outcome has a better chance of being something that you control.
Till next time, Good luck and God Bless and remember… If you have any questions about saving or selling your home or any topics on real estate that you would like to know more about please email me and I will answer your questions in this column.