Ten Loan Consolidation Questions All Students Should Pose!

By David T. Lightcomb

Unfortunately, no college is in a position to offer help when you are faced with the challenge of choosing a suitable loan consolidation company. This is something you'll have to deal with yourself, but by asking a few questions, you'll have laid a solid foundation on which to build your success.

The good news however, is that you can simply by asking some questions. Here are 10 questions every student should ask:

1 - Why do you want to consolidate your student loans? The most common reasons for student loan consolidation are (1) to reduce the dollar amount of monthly payments, and (2) to ease repayment by turning many loans into one.

2 - At what stage should I apply for this consolidated loan? The simple answer here is that you should do so if you find yourself to be under considerable stress due to your obligation to multiple loans.

3 - Do I qualify for a student consolidation loan? Generally speaking, it is during your period of grace after graduation that one would normally apply.

4 - Are there any incentives? Some financial institutions do offer special bonuses or some other form of incentive but it is imperative that you get all related details in writing. Also, don't be afraid to ask question you feel are relevant to your situation.

5 - Does the company have a proven track record in the field of student loan consolidation? It simply cannot be stressed enough just how important it is that you choose a reputable company with a solid track record.

6 - Will my loan be serviced? You really need to be on your guard here because there some lenders who are in fact, only brokers. In this case, they'll simply sell your loan on at a later stage for a profit. Make sure you determine this before putting your signature on that dotted line.

7 - What kind of loan must I get? - Exercise caution when it comes to this because if your current student loans are federal loans, only federal consolidation loans will be recognized. If you opt for a consolidation loan which is not federal, you'll loose all federal benefits you may be getting.

8 - What are the terms of my student loan consolidation? Don't agree to or sign anything you don't understand. You are borrowing a boatload of money and will be repaying it for years to come. Make sure you know the details.

9 - What features does the lender offer? Some lenders offer features to make loan repayment easier and more convenient, like online applications and account access.

10 - What will happen if I miss payments? Ideally you should do everything in your power to prevent this but of course one can never predict the future. If you find yourself in financial difficulty, contact your lender immediately. Also, before agreeing to the loan conditions, discuss such a scenario with the lender, if only for your own peace of mind.

About the Author:

Are personal student loans a great way to pay for college? Discover how it works and ifstudent loans with bad credit may possibly be a superior choice for you @ http://www.studentloan-i.com

Judgments - Remove from Your Credit

By John Cooper

A judgment, default judgment, and credit card judgment all mean the same thing.

You have been found to be legally responsible for a debt. This will happen in a court of law.

The creditor has sued you and won their case. This gives the creditor legal grounds to have your wages garnished to pay back the debt.

This is a very bad mark to have on your credit and will cause your credit score to be lowered. Often collection agencies will try and win a judgment. Judgments can happen with any form of unsecured debt.

This mark will stay on your credit for 7 - 10 years dependent upon the state that court was held in, and the statute of limitations in that state. However it is common for creditors to renew judgments.

This makes it very difficult to ever remove a judgment from your credit. However it can be done and with a little luck you may not even have to pay it.

I suggest the first step you take is to dispute the judgment. This is done by writing a dispute letter in which you explain why the judgment is inaccurate and then you mail this letter to each credit bureau.

The bureaus will then conduct an investigation into the listing. They will try to verify that it is real and the amounts are accurate.

If the debt is inaccurate or is not verified then the bureaus must remove it from your credit. Frequently investigations result in a negative listing being removed.

However a judgment is such a severe mark that it doesn't have as good of chances of being removed. This often means you are stuck with the listing.

However in some instances a judgment is wrong and inaccurate. Thus it should legally be removed from your credit.

This is when I would suggest a credit repair law firm. They can use their knowledge and expertise and if necessary a court of law to prove that this judgment is not correct and not accurate.

You can actually hire a credit attorney at a reasonable rate. Lexington Law has 22 credit attorneys on their staff and they can be hired at under $80 a month for the top of the line service.

About the Author:

To learn more about how to remove judgments or for a free credit repair letter or for more information on how you can dispute equifax or dispute experian visit us.

Finding The Right Credit Card, And Using It Responsibly

By John Brennan

For many consumers, finding the right card can be hard. With all the cards available with differing rates, features, and options, it can be a difficult process of finding the right one for you. However, with proper guidance, you can find a credit card that identifies with your needs and will keep you free from debt issues.

The best option is to find a card with fixed, low rates. These cards keep consumers from being surprised with hidden fees and costs down the road. Repayment can be easier with these cards as well, because they can offer more flexible spending terms.

In addition, its important to find a card that helps with bill paying each month. Online bill pay or automatic checking account withdraws are often an option. Other cards offer flexible repayment plans such as biweekly payments to coincide with consumer earnings.

To have a good credit life, it is vital to use cards responsibily. If used unwisely, you can find yourself in a credit pinch. If you find yourself in over your head in credit debt, the consequences may last for years.

Hard work and using spending decretion can help in pulling you out of any bad credit situation you may be in. Its also important to seek outside help if you find yourself in this type of crisis. There are many services that can provide help in getting consumers out of debt quicker.

Having guidance and the right tools from a service is the best route to take. Service providers such as Free in Five can facilitate in dealing with credit counseling, lower payments, and create better repayment agreements. With these tools available, getting out of debt can be much easier.

Credit service counselors provide consumers with good spending habits and teach proper use of credit. Many consumers find this beneficial because they lack the knowledge on how to properly use cards. With the right know how, consumers can use credit properly without falling into unmanagable debt.

When looking for a credit card be fully aware of rates, potential fees that may arise, and one that fits your ultimate needs as a responsible consumer. Always use discretion when making purchases and ensure you can repay the expense when due. If you fail to do this, credit counseling services may be necessary when a little spending common sense is all you needed.

About the Author:

To find out exactly how you can get credit consolidation help visit my debt solutions website.

Finding The Best Holiday Deals For Laptop Computers

By Chris Channing

How much do you want to spend on your notebook or laptop? You can be impulsive and purchase a laptop at regular price but others like to wait until the time is right. This can help to save a ton of money on electronics such as laptop pc's. This is even greater when you wait for the fall and winter holiday seasons.

You can get a great deal on a Dell laptop from many sources. Many retailers are carrying more Dell laptops as they often have some of the best options in upgradeability. Many people enjoy the great price that stores generally list them at, but when the holiday season comes many stores go out of stock because they are very popular.

Finding various deals can make it cheaper for you especially if you are used to spending a lot on electronics. This can save you loads of money towards something else you might really want in the future. This can get you accessories to use towards your computer, maybe even a printer that you can print your photos.

Many retailers have special rewards programs that earn you points when you make a purchase on their sites or even through their physical locations. You can get a great deal of extras when joining one of these types of programs. You can even get gift cards or coupons to severely reduce the total amount of your order or cart online and offline.

Auction type sites have great deals available if you make the time to look for them. You can get deals that may seem dirt cheap. That is good for you right? There is nothing better than getting a laptop in good condition for a fraction of the cost. This is a little more risky than other methods because there are lots of people that want the same deals as you! So you may have to have a bid war.

You can get some of the best deals around by waiting until the holiday seasons. Right at the end of fall, black Friday is one of the most anticipated days as almost everything you could want in a retailer store is reduced in price to near clearance prices. This is to get people to buy for the following Christmas rush and make room for other stock.

Closing Comments

You can get some of the greatest deals on laptops through special means or events. Always make sure to try and look for those deals that you cannot pass up and save some money when the holiday season comes around and clearance pricing is your friend.

About the Author:

Learn more on Dell Inspiron Notebooks Deals and Dell Studio Computers.

5 Great Ways To Get Debt Free

By Bob Hobson

When you suddenly find yourself in a world of debt there is a good deal of negativity to deal with. Do you feel helpless or scared? Take heart as there are various businesses that can provide you with debt assistance.

Yes, there are firms and organizations that are ready to help people be free of their debts. It is just a matter of choosing which one of them could help you best. Here are the most common strategies they use to help.

1. Debt counseling. This involves working with a real professional debt advisor. They can show you various means and possible methods you can take to become debt free. An advisor can guide you while lending their knowledge of each step of the process. You will be able to choose the one most suitable for you.

2. Debt Consolidation. This is consolidating all of your debts with a loan so that there is only one, usually lower interest loan to repay. This can be a lot easier than trying to manage multiple debts with varying interest rates.

3. Loans for debt repayment. There are organizations that are willing to secure you a loan for you to be able repay all your outstanding debts and balances. Then you would need to pay back that company instead. This is in a form of a loan, and it doesn't necessarily mean it will be interest-free. But the interest, for sure, is relatively lower that than of your previous ones.

4. Debt monitoring. You will observe you activities of debt to find out how it happened when using this process. Checking for instances of identity theft and other fraudulent acts are included in this method.

5. Debt investigation. This entails deeper inquiry on each of your debt situations and looking further if there is anything in there that is worthy of being reported and sent back over to your creditor for further analysis. Here, you will be able to find out if all credit computations are accurately done.

These are just some of the services offered by companies who help people to become debt free. One or more of these methods could work for you; the important thing is to seek out help when you need it and to find exactly the right kind of help.

About the Author:

If "consolidate my debt" is your favorite saying you can learn about the best debt consolidation plan by visiting our site LivingOutOfDebt.com

How to Raise Credit Score in 5 Easy Ways

By Marcus Duke

If your credit score is low and you need to purchase a home or buy a car or open a credit account you may find that these privileges are extremely difficult with less than perfect credit scores.

A bad credit score does not have to be a permanent fixture on your credit report. You can greatly improve your credit score by making simple changes to your credit report which in turn will improve your credit score in the long term.

Here are some steps you can use to improve your credit score and get your credit history back on the right track:

1. Pay every bill before it is due. If you make it a habit to pay your bills on time you can improve your credit rating and credit score.

You don't want to miss paying any of your bills. When you pay late, this goes on your credit history and it can lower it. However, the more you pay on time, the better your credit score will be.

This step is extremely important in raising your credit scores and will help to improve your score as well.

The only way to be current on your bills is to first make arrangement to pay off outstanding debt.

Tip #3 - Talk to Your Creditors if You Have Financial Problems - Are you having financial problems? Well, this happens to many people. However, if you want to know how to raise credit score, talking to your creditors is going to be important.

Every on paid bill does not go away, those companies still expect to get paid. Most companies will be happy to make arrangements with you to make payments towards paying off the debt owe.

4. Making your creditors aware of your current situation is helpful in finding out how to raise your credit scores under these specials circumstances.

The higher your debt is compared to the credit available, the lower your credit score is going to be. So, keep the balance on those credit cards as low as possible.

5. Although the company still needs to receive their payments, in many instances they would be willing to work with you in making minimal payments toward paying off your debt.

About the Author:

Would you like to improve your credit rating?, Marcus teaches how to raise your credit score in thirty days time on his website at Credit Score Rating Guide, You will Learn Getting a higher credit rating

Federal Student Loan: Get the Funds Necessary for College

By William Blake

When many students go to school they do not have the money to pay for their higher education, resulting in the need for loans and grants to pay the tuition, living expenses and associated costs. Many take out a federal student loan or two, or three in order to make ends meet while they also pay for their education.

Federal student loans are good for students because the interest rates that they are charged tend to be quite low. This is because the fixed interest rate is established by the government, who also guarantees the loan, despite the fact that private lenders tend to care for the details of taking out the loan.

Many students who would not be able to get a loan from most traditional lending agencies are able to do so by means of a federal student loan, which makes them quite attractive, as do the government's guarantee and low interest rate.

A grace period of six months is often given to individuals right after they graduate from college during which they do not have to make any payments on their student loans. The government actually pays the interest on subsidized loans during this time period.

Any money the student pays on the loan during the deferment period will be applied to the principal reducing the overall amount due on the loan. At the end of the deferment period, the student will be responsible to make the full payment, including interest on the federal student loan. For non-subsidized loans, interest will begin to accrue immediately upon graduation, added to the total amount of the federal student loan.

Portions Of Federal Student Loan May Be Forgiven

Fortunately for people who have recently graduated from college, the federal government wants to help them to pay off their student loans successfully. To that end, they allow some loan portions to be forgiven. For example, serving as a volunteer with organizations like VISTA and the Peace Corps will reduce the total cost of your loan.

New graduates who will be working as teachers can also get a break on their student loan debt. By working at certain schools for a period of generally five years, teachers can have up to 85% of their federal student loans forgiven.

About the Author:

Are you looking for safe debt reduction? Stop by the Debt Reduction Academy website, where you can sign up to receive your free 5 day mini course "Operation Money-Find: How To Find Money To Start Paying Off Your Debt This Month". Grab your copy now at http://www.debtreductionacademy.com/minicourse.php