Bill consolidation can be a tempting alternative because it offers borrowers the ability to combine their loans into a lump sum payment. However, financial experts warn that bill consolidation could be risky, and could play a key role in increasing debt instead of mitigating it. Many people who take up bill consolidation without considering other…
What you need to consider before taking a homeowner loan
When you are applying for a line of credit, it is important to understand your options and to make a decision on a loan option that is comfortable, affordable and flexible. A homeowner loan, also known as a secured loan or a second charge mortgage, is secured against your equity. In this type of loan,…
WHAT TO LOOK FOR WHILE TAKING A P2P LOAN
Starting up a new business demands a lot of things. Apart from essential aspects like office space, setups and interiors, getting loans often seem to be a tiring task. The strict fiscal policies and surety principles act as significant hurdles in securing finances. Since they are not established in the market, they face hard times…
Ways to build good credit
Young people who started leaving the house should know how to maintain their credit. This becomes very important at this age. If they do not know this, they will definitely face obstacles when it comes to buying a car, an apartment, and even a credit card. If they do not know how to maintain a…
5 simple things you can do to settle your debts
You might have a small debt. You might have a big one. You might have a couple. In all cases, it’s never a good feeling and it’s never a good place to be in financially. There are a couple of simple ways you can make a dent on your debt, however big or small –…
5 Common Investment Mistakes that Can Wreck you
Investment is a sure way to achieve wealth accumulation. However, if you pursue any investment strategy, you’re bound to make investment mistakes. Whether you are a total rookie or a seasoned investor, there is a possibility that you may end up screwing up your investment plans. To maximize your returns, it is crucial that you…
Debt to Income Ratio
In every family income is the necessary fuel to run it, and if you start taking credits, this fuel is divided between household needs and repayment obligations. To manage both the requirements, proper balance between these two must be maintained. So, there is a strict need to keep the debts at a manageable level, because…
Home loan linking to market
RBI or reserve bank of India is redirecting the banks from December 5 to link the lending rates with the external lending benchmark for the April 1. This will result in home loan borrowers soon will not have anything to complain about opacity which will be surrounding the interest rates. There is a status quo…
HOW TO DEAL WITH SMALL BUSINESS LOANS
Any business comes with lot of financial challenges. The owner has to pool up lot of resources to make sure that his business requirements are fulfilled. Just like how entrepreneur looks for a reliable institution for his/her financial needs, lenders also look for security against their loans. The fact that lenders give approval to loans…
10 money mistakes to avoid in 2019
There are many money mistakes which we always to and think of avoiding. For example spending too much for cell phone, cable, or overspending on trips. There are many in number and let’s try to list some of them and aim to avoid these mistakes in 2019. Money Mistake #1: Paying extra on cell phone…