The Pros and Cons of Social Lending
Share This Photo: quaziefoto With faith in banks and credit card companies on the decline, more consumers are turning to social lending as an alternative to existing financial institutions for their borrowing needs. The worst offenders, credit card companies, have been lowering credit limits and increasing penalty fees and interest rates on even their most loyal customers. For this reason, frustrated credit card holders comprise one of the largest sectors looking into lending sites to refinance credit card debt. With interest rates as low as 7.8%… Read the whole article...Categories: Uncategorized Tags: Baby On The Way, Better Chance, Borrowers, Brick And Mortar, Credit Card Debt, Credit Card Holders, Credit History, Credit Scores, Decline, Financial Institutions, Lenders, Low Interest Rates, Medical Bills, Necessities, Paying Off Student Loans, Person To Person, Pros And Cons
Seven New Years Financial Resolutions for 2010
This is a guest post from the National Endowment for Financial Education (NEFE), a non-profit dedicated to improving the financial literacy of all Americans. NEFE operates the site Smart About Money and have developed a series of articles filled with tips to help you make 2010 the year of financial freedom. You can also find Economic Survival Tips, worksheets and articles focused on financial education related to housing, spending, credit and job change. Follow NEFE on Twitter at @nefe_org Control Spending. If you spend less you'll have more money available to pay down debt and save for the future. Write… Read the whole article...Categories: Uncategorized Tags: Checking Account, Credit Card Debt, Debt Repayment Plan, Financial Freedom, Financial Institution, Financial Literacy, Job, Nbsp, Resolutions, Twitter
The Bondage of a Debt Financed Lifestyle
Categories: Uncategorized Tags: Banking System, Bankruptcy, Banks, Borrowing Money, Cars Boats, Credit Card Debt, Food On The Table, Inflated Prices, Necessities, Nice Cars, Student Loans, Vacations
Borrow Money With Prosper & Lending Club
Earlier this year, I hosted a guest post by Jonathan sharing his experiences with borrowing money from peer to peer lending network Prosper. Just recently, I received the following email from a reader singing their praises: I’ve borrowed twice now from Prosper and I love it. The first loan was $7000 at 8.65% for three years and the most recent was $8000 at 9.65% for three years. I got the 2nd in response to the credit cards jacking up my interest rate and slashing my credit limit no reason. I was so angry about the… Read the whole article...Categories: Uncategorized Tags: Borrowers, Borrowing Money, Credit Card Debt, Credit Cards, Debt Loans, Debts, Direct Deposit, Email, Hassle, Interest Rate Hikes, Lenders, Lending Networks, Peer To Peer Lending, Sources Of Funding
How To Get A Low Interest Rate APR on Credit Card Debt
Categories: Uncategorized Tags: Amp, Budget, Credit Card Debt, Credit Card Interest, Credit Card Interest Rates, Credit Card Issuer, Debt Collector, Debt Collectors, Debtors, Debts, Double Digits, Financial Situation, Interest Rate, Mortgage Rates, Phone Call, Rate Credit Card, Time Payments
How to Go Into Debt to Get Out of Debt
Categories: Uncategorized Tags: Bad Debt, Consolidation Loan, Credit Card Debt, Credit Cards, Credit Score, Decades, Declaring Bankruptcy, Enough Money, Invest, Little Bit, Minimum Payments, Retirement, Sounds, Stock
Accelerating Your Mortgage Payoff = Debt Free Euphoria
Becoming financial debt totally free can be a euphoric feeling that brings on a freer, less complicated way of life. Becoming financial debt totally free can be very difficult to achieve completely, particularly in this credit score large world we live in. You want it? You got it-just signal here. Appear around your house at all the issues you have bought more than the previous three many years. Flat panel Television, new smart phone, tons of footwear (tons), shiny automobile and a few sunny weekends in Bermuda. Wow, I bet you truly did not need all that stuff and probably… Read the whole article...Categories: Money Tags: 30 Year Mortgage, Assets, Credit Card Debt, Income Tax, Leverage, Lifestyle, Monthly Expenses, Nbsp, Payoff Debt, Schools Of Thought, Shiny Car, Shoes, Smart Phone