Blog: February 2017

Reverse MortgagesAdvertisements for reverse mortgage loans are a staple of late night television, direct mailings, and telephone “robocalls.” While such loans can be beneficial to senior citizens when used for paying off debt or as a means of supplemental income in a homeowner’s retirement years, many homeowners do not have a complete understanding of how such loans work and have found themselves in danger of losing their homes at a later time.

low interest loans

What is a Loan? A loan is a sum of borrowed money. Before you take out a loan, it is important for you to have a thorough understanding of how they work. You will be able to save money and make better decisions if you understand how a low interest loan works.

Not only are many people in America struggling to get out of debt, but they are also struggling to make ends meet. It is estimated that one out of four Americans are living paycheck to paycheck. This means that if they were suddenly faced with an emergency expense, they would struggle to pay for it.

Unfortunately for many consumers, it is far too easy to fall into debt. When you have difficulty paying off your credit card debt on time or even at all, it can really take its toll on you both mentally and financially. Fortunately, you have assistance toward becoming debt free in the form of credit card consolidation. However, you will want to be smart when you seek this service. Here are a few debt consolidation traps to avoid.