loans
Debt consolidation – how it works
The concept of a debt consolidation loan is simple; it’s a big loan to pay off several smaller debts. It may seem to be an ideal answer if you’ve got lots of credit card debts for example, but there are pitfalls to consolidating. The biggest is that once you’ve paid off all your credit cards, [...]
Home loans to avoid – Option ARM
Many Americans have unwisely chosen what is called an Option ARM (Adjustable Rate Mortgage) home loan. It appears to be a very attractive and flexible home loan that allows you to choose the amount of your repayments and even offers an interest only payment choice. However, although this might be great to get you through [...]
Payday loans explained
What is a payday loan?
They are usually small loans that you take out until your next pay is due. The lender exchanges cash for a post-dated check and a fee for borrowing the money. On the date you specified on the check, the lender deposits your check and gets his money back. [...]