Archive for the ‘Debt Management’

  • Debt Consolidation Pros and Cons: A Brief Study>
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    Debt Consolidation Pros and Cons: A Brief Study
    Many people are buried under debts because repaying credit card balance, mortgages, consumer loans, and car loans quickly is quite difficult. Paying merely the minimum amount is not the solution to your debts. Hence, many people turn toward debt consolidation companies to get rid of their debts. You will find debt consolidation loan ads everywhere: on the radio, television, your mailbox and also your inbox. It seems like these people are just waiting to help you to solve all your financial problems. However, it’s very important to know debt consolidation pros and cons before you seek help from such companies. It’s not necessary what worked for your friend might work for you. Pros One payment instead of many payments A recent study says, an average US citizen pays around 11 different creditors  [...]
    at February 19th, 2010 at 12:02 am
  • Debt To Your Heart’s Content And Blame Your Genes For That!>
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    Debt To Your Heart’s Content And Blame Your Genes For That!
    Ever since Jan Emmanuel De Nave of London School of Economics and James Fowler of the University of California have identified the MAOA gene as the culprit behind your debiting activity, a serious debate is going on in the financial circles about how much the debt gene is responsible for this debiting behavior and if its spells the end of crediting for people who are found to have this gene actively working towards that end? The low efficiency alleles of the MAOA (mono amine oxidase) gene are said to be responsible for this behavior. When a person is under stress they create imbalances in serotonin ( a brain neurochemical) metabolism which results in increased impulsivity, lowered cognitive control and addictive behavior. As one can see, all these factors can make a person vulnerable to act  [...]
    at November 9th, 2009 at 01:11 am
  • High Course Fees Make Student Loans Meaningless!>
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    High Course Fees Make Student Loans Meaningless!
    Are you just out of high school and all enthusiastic about taking the plunge into college education? Congratulations! You must be very enthusiastic about Uncle Obama coming in with a $ 6 billion student loan package for funding your higher studies. Well, I don’t want to dampen your enthusiasm, but let me tell you that though the Federal money aid is well intentioned to help you out with your academics, it might prove to be a costly affair for you. These days, professional education comes with skyrocketed prices and you might be spending most of your initial earnings on repaying the loans. According to a Mint Student loans infographic, in collaboration with College Scholarships.org, this year, a college fresher is expected to pay $148,454 including your public and private tuition fee, boarding  [...]
    at September 30th, 2009 at 06:09 am
  • Should Personal Debts Be Restricted?>
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    Should Personal Debts Be Restricted?
    Most of us have borrowed money for some reason or the other. There’s nothing wrong with debts as such because it helps in economic growth. You take a loan, invest it wisely, get returns and then repay the loan. There’s no healthier system than that. But when your loan goes beyond your repayment capacity, real problems crop up, for you. Surprisingly, many of us don’t see the logic that we shouldn’t borrow more than what we can repay or our calculations go wrong! This is the reason that its felt by financial experts that the loan sanctioned should be restricted or based on a number of categories like your salary, your savings, your credit history and other loans etc. These days with credit cards and store cards in abundance, taking debt has become so easy that it has become an indulgence.  [...]
    at September 23rd, 2009 at 01:09 am
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