Use Home Equity Loan Method

This is one worse way you can make and try if you want..

Use a home equity loan to pay off credit-card debt

Lenders love to tout home equity loans and lines of credit as a way to pay off your plastic. You'll even see some personal finance journalists parroting the company line that such loans make sense, because home equity rates are typically lower than the interest rates you'd pay on your cards -- and the interest is usually tax deductible.

Americans have been taking this advice with a vengeance, cashing out more than $2 trillion of the equity in their homes between 2002 and 2005, according to SMR Research and Freddie Mac. Comparatively low home-equity rates, and stubbornly high credit-card rates, have convinced millions that this is the way to go.

The only way this maneuver really helps you, however, is if you stop using your credit cards to run up debt. Otherwise, you're just digging yourself a deeper hole.

Unfortunately, the ability to live within their means is beyond many people. Nearly two-thirds of the people who borrowed against their home equity to pay off credit cards had run up more card debt within two years, according to a study by Atlanta research firm Brittain Associates.

Oh, sure, you can borrow more against your home to pay off the new debt -- thus whittling away the amount of equity that's available to you in an emergency, and ensuring that you continue to pay hundreds or thousands of dollars a year in interest to your lender. The credit-card balances you should be paying off every month instead get stretched out for years, ultimately costing you more in interest -- even with the tax savings.

Ps: Its risky. But its up to you want to try or not.

Advantages and Disadvantages of Debt Consolidation

What do you know about Advantages and Disadvantages of Debt Consoludion?

Debt Consolidation:

Consolidating your existing debts is another viable option to get out of debt. Prior to taking the debt consolidation route take a look at its pros and cons.

Advantages:

* You have to make just one payment at the end of each month. It has been noticed that the average citizen pays 12 different creditors every month. Therefore, it becomes very difficult for the individuals to figure out whom to pay. With the help of debt consolidation all your debts are being combined, this makes managing your finances much easier.
* Debt consolidation can significantly reduce high interest rates.
* With reduced interest rate and one monthly payment, the amount you have to shell out each month is decreased significantly.
* If you are planning to use a first or second mortgage as a debt consolidation loan then the interest is tax-deductible.


Disadvantages:

* Reduced monthly payment indicates easier load to bear and more money left over at the end of the month. This might tempt you to take on more debt.
* Even though the interest rate is reduced, the repayment period is extended. Thus, you may end up spending more money than what you would have if you had kept each individual loan.
* You can lose everything. If you take out a secured consolidation loan against your home and you miss two to three payments, in that case you might even lose your home.

Ps: I believe, my husband now about this one.

How To Get Out from Having Debt?

Did you know how my Husband manage to get out of debt until today? Looks this. Even its not all his method. But this some method really works to him.

1. Avoid new debts

When you are already in debt, do not involve into more debts. This will increase your debt burden and lead you to more trouble. While you are already missing your regular payments yet taking newer debts, debt handling becomes a difficult task. Sometimes the situation can even go beyond control. It might be so critical that you end up declaring yourself as a bankrupt.

2. Spend less

Each penny counts; save every dollar. If you are seriously planning to pay off your pending debts, start to become frugal. But, do not change your way of life suddenly, it might create an adverse effect. Read as many frugal tips you can, and try to follow them effectively. Efficient budgeting can save you some bucks to reduce your debts faster.

3. Increase your earning

Earn more. If required, take up part time jobs or try other ways, for extra earning. Add itional inflow of money can help you to clear off your debts quickly, and become financially free.

4. Extend your learning

Finance, is the most important part in your day to day life. Try to know about it as much as you can. Researching on finance, reading good financial books and magazines will make you more experienced and well-versed in managing finances. This will help you to handle your pending debts proficiently.

You just need to get a good understanding of the 3 step formulae, and apply it effectively. This will help you to accumulate sufficient money to clear your pending debts. The process will be effective when you are determined and confident in following the three steps.

Ps: Worth to try. But the result is in your hand.

Did you ver know about Private Mortgage?

Private mortgage notes, also referred to as owner financed mortgage notes, have become more prevalent because they offer three distinct advantages. Conversely, as the situation changes there are three very powerful reason to sell a note.

There are three primary reason that a private mortgage note is established:

1. The buyer was not able to obtain traditional financing.
A little more than half of all applicants, and the numbers is going up, do not qualify for the full amount of the loan that they seek.

2. The owner wants to save time and money.
Utilizing owner financing the owner and buyer can save on the extraneous fees associated with the closing, such as origination fees, closing cost and survey fees.

3. An investment opportunity for the seller. Depending on the sellers circumstances, it may make sense to self-finance for tax purposes.
After the note has seasoned the seller's motives may have changed, resulting in the desire to sell the note. For whatever reason, the seller may want to sell the note for a lump-sum payment. This is very common and these types of transactions occur daily.

Transaction like these are available for residential notes, business notes and vacant land notes. But not all funding sources support all three. One can visit www.divergentgroup.com to find more information about selling a private mortgage note.

The benefits of selling a private mortgage note are numerous but the top three are:
1. It provides immediate cash;
2. The seller no longer has to collect payments on the note;
3. The seller no longer has the risk of non-payment.

Divergent Capital Group represents over 200 institutional investors that purchase private mortgage notes for immediate cash. This creates competition, allowing the most competitive deals available. Visit http://www.divergentgroup.com for more information.

Greg Meares is the principal of Divergent Capital Group and a certified cash flow consultant. Helping others achieve their goals, get out of an adverse financial situation or just trade in payments for a lump-sum is good business. Divergent Capital Group facilitates (no cost to you) the best deal for your situation. Over 200 funding groups are utilized and they compete for your business. Other helpful information regarding private mortgage notes can be found at: http://www.divergentgroup.com

Did you survive when economy downturn?

Surviving an Economic Downturn

The unemployment rate is on the rise, the stock market has been giving investors a scary ride, the American homeowners' biggest asset has been devalued, inflation is pushing up the price of everything, and we still have a family to feed...

It's easy to get careless about finances when times are good and credit is easy, but the recent problems in the U.S. have forced many of us to take a harder look at how we're earning and spending our money. There may be a lot of money-related problems in our nation right now, but the individual consumer really has most of the control over what happens with their personal financial situation, no matter what's going on with the economy.

Improve your job security. Some industries, such as manufacturing and construction and certain service-provider positions, have already lost many jobs due to the mortgage mess and the general state of the economy. If you feel your job is at risk, do what you can to be more valuable to your employer so they can't afford to lose you. Job cuts always start with the least productive or least necessary employees, and you'll increase your chance of keeping your job if you can do what others can't or won't do. Even if you don't feel like you may lose your job, it's always a good policy to outshine the other employees at least a little; you may even get a promotion because you stood out from the rest.

Searching for a job? Search harder. It's easy to get stuck in your comfort zone and only apply for jobs that you have the education or experience for. And it's logical to only want a job that will pay you for your education or experience. But if your industry has been hit hard by job loss, you may need to be more flexible in your job search. Looking outside your chosen field and being willing to learn something new will increase your chances of finding work. This may be the perfect time for a career change.

You can see full articles at this site first : Go here!

Ps: I really hope my hubby will not have problem with his business. I know its really hard. But i want he survive. If not, how can i will be with him forever? I don't want to live with one man who lost in his way..

10 Great Reasons to Switch your Supplier

10 Great Reasons to Switch your Supplier

What’s stopping you from switching your energy supplier? Here are 10 great reasons why you should switch today:

1) If you’ve never switched from your incumbent energy suppliers (British Gas and your local electricity board) you could be paying 20% more than you would be by switching to your cheapest supplier.

2) Switching energy supplier does not cost you a penny.

3) Switching energy supplier is as simple as changing the name on your bill. Your new supplier will use the same meters, wires and supply lines etc. as your previous supplier. They will also contact your old supplier to move your supply.

4) Switching is not just about saving money. uSwitch.com uses an impartial service rating where each gas & electricity supplier is measured on their range of services, current and past complaints and their record with the watchdog (energywatch).

5) Switch providers are independent and impartial. No gas or electricity supplier has a share in them and our results are ranked to show the best supplier for you.

6) You get the whole picture .You see details of all suppliers available in your local area.

7) All suppliers are monitored to ensure only the latest tariffs are shown.

8) If you care about the environment local green electricity suppliers are available.

9) You keep saving your money each year. Your previous best deal may now be costing you money due to price rises. Carry out a regular MOT on your energy supplier and keep on top of price rises.

10) Switching is simple and can take just five minutes - all you need to do is follow these four steps:

• Give your postcode so we can find your local suppliers.
• Tell them what you want from your gas & electricity supplier.
• They’ll show you all the suppliers for your area that are right for you.
• You choose your new gas & electricity supplier.

You also can see more here if want more knowledge : Tips for you

Ps: So, what do you think? I don't know what he think. But i hope he make money for me. :)

Did you know how to Credit Repair?

In this tough economy, when every dollar counts, it is crucial to learn how to do credit repair yourself. Each and every day, thousands of desperate people are needlessly running to credit repair agencies spending hundreds, even thousands of dollars trying to get their credit up to par.

But it really isn't that difficult at all to repair credit yourself if you know the basic things that most credit repair services would otherwise do for you for a fee.

If you aren't aware of those simple actions, here are 5 quick and easy steps to do credit repair yourself.

1. Access a copy of your credit report - you are entitled to a copy of your credit report for free once a year. You can access it in the mail, by phone, or even online. Although you get this free credit report, be sure to also get your credit scores along with your report, as this is the foundation for doing credit repair for yourself.

2. Check your credit report for errors - this is one of the biggest factors that credit repair agencies bank on - the mistakes that can you easy remove yourself while you're in the process of credit repair. Look for wrong addresses, wrong social security numbers, accounts with balances that you've already paid off, and even accounts with late payments that were actually made on time.

3. Negotiate account payoffs - here's another area that you are typically charged for by credit repair agencies which you can avoid by doing the credit repair yourself. All you have to do is call your creditors on collection or past due accounts and ask them to settle with you. Just let them know that you will pay off the balance, but that you are only able to pay a certain amount. If the creditor agrees, you have just saved a few hundred dollars and you now have a zero balance on that account.

4. Raise your credit limits - you may be asking yourself, "How can raising your credit limits help when you are doing credit repair yourself?" The magic about this is that 30 percent of your credit score is directly impacted by the balance on your account compared to the limit on that account. So there is only two ways to change this aspect of your credit score. Either you pay down the balance or you raise up the credit limit. Either can give you an equal result when doing credit repair yourself.

5. Continue monitoring your credit score - here's where most people miss it big time. They take the initial actions to repair their credit themselves, but then they never follow up to be certain that those actions really helped their credit scores. That's the pitfall of doing credit repair yourself; you may not have a good system for following through until you get the results in your credit that you are looking for. The best tool to use here is a calendar and simply putting reminders every one to two months to check your credit report and credit scores again.

As you can see, these are all simple steps that will guide you along the way to do the credit repair yourself. If you can do these 5 simple steps, then you have just saved yourself hundreds of dollars by not having others do it for you

Author by Alex Navas

Ps: We still have no problem with our credit. So, my husband no need to do credit repair. So, we are save!

Credit Card Debt Problem

But the options seem limited; you probably think that it's almost impossible to make your paycheck stretch enough to get a handle on all of your debt. It can be easy to let credit card debt take over your life - don't let it! Whether you had an accident and had to live off of your credit cards for a few months, or just weren't smart with your debt, there are ways that you can control your debt and pay it down - without asking your boss for a 50% pay raise! Here are the best tips for credit card debt consolidation:

* Put down the credit card: It may seem like common sense, but if you're still charging purchases, you will never escape your credit card debt. Hide your credit cards and use your debit card to make your everyday purchases - you'll soon spend well within your budget!

It's no secret that credit card debt has become a major problem facing our economy today. If you're one of the millions of consumers suffering from major credit card debt, then you're probably desperate to get your massive bills under control.

* Cut down on luxuries: Do you eat out for lunch everyday? Do you absolutely have to have that four dollar latte every morning? Luxuries like these are exactly that - luxuries. When you're trying to get rid of credit card debt, you have to give up a few unnecessary luxuries. Try bringing your own coffee to work, or make lunch at home. The peace of mind you'll have once your debt is gone will definitely be worth it.

* Look into a balance transfer: If you've been carrying a hefty balance on your credit cards, you may as well be flushing fistfuls of cash down the toilet. When you carry over a balance on your card month after month, your interest rate skyrockets, which puts even more pressure on your wallet. Consider a balance transfer to a low interest rate credit card, which will help save you hundreds of dollars in interest; not to mention make it much easier to pay down your credit card debt.

A balance transfer is a viable option for many individuals, but a warning about low interest rate cards: make sure that you're not buying into an introductory offer. The worst thing that can happen is watching your credit card bill skyrocket once the incentive period is over!

* Try consolidation loans: Many banks will offer you private debt consolidation loans to help you pay off that credit card debt. But make sure you're not charging anything to your cards while paying off the consolidation loans, as you'll just be digging a deeper financial hole.

* Make extra payments: Many people pay only the minimum payments on their credit cards, but this prolongs the life of your debt - not to mention the hundreds of dollars that you're throwing away on interest alone. Make sure you pay above the minimum repayment and if possible make small extra repayments during the month when you can afford it. You'll see your debt shrink in no time.

Here's another tip for making extra payments: use the money you previously spent on unnecessary luxuries towards your credit card debt. For example, if you spent four dollars a day on your large coffee for a month, that's $120...for some people, that's like another credit card payment! If you budget your monthly expenses based on what you need - not what you want - you'll find the money to make those extra payments.

* Dip into your savings account: This suggestion may seem a little shocking, but if you're drowning in credit card debt, it's worth dipping into your savings to alleviate the debt. However, if you can possible avoid it, try not to cash out your 401(k) or any other retirement savings you may have.

* Borrow funds against the value of your life insurance: If your life insurance has cash value, borrow against the policy. Again, this suggestion may seem a bit shocking, but you need to get rid of that credit card debt! However, make sure you pay back the loan, as any leftover debt will paid off by using part of your policy. This may seem insignificant now, but your grieving family will thank you for it.

* Get a home equity loan: If you're a homeowner, and have accumulated equity over the years, consider a home equity loan (HEL) in the amount needed to pay off your credit card debt. Home equity loans often have lower interest rates than those of credit cards, so you'll be trading off your debt at 18% interest rate for one at 6%. Just using this method you'll find you have extra cash to pay your debts off.

But before you take out a home equity loan, make sure you've learned your lesson regarding credit card debt. Don't take out a loan, and then continue to use your credit card to make purchases - you'll only further bury yourself with debt.

* Talk to the credit card companies: After all, they're human too! If it seems like you've tried everything to get your debt under control, with no success, try taking your case to the credit card companies. Let your creditors know your situation. Maybe you still haven't recovered from that accident, or you had a huge unexpected purchase to make; regardless, ensure you mention the word bankruptcy in the conversation. The last thing credit card companies want to lose is their money, so they'll often renegotiate your interest rates and debt balance in order to protect their assets.

* Go to credit counseling: Credit counselors can be an invaluable help if you have major credit card debt, they can often help cut your debt balance in half. This is often the last step taken by individuals before declaring bankruptcy, and one of the most successful.

If your stressed out and it seems like you are up to your eyeballs in debt then don't panic, it is possible to get yourself out of debt without working 3 jobs or going bankrupt. Just follow these tips, and you'll be debt-free in no time; but beware! Make sure you've learned your lesson, or else you'll repeat the debt cycle again and again.

Want to know more about finance? You can see more articles here soon.

PS: I hope my husband will find a good money this month. Its because i want him to buy me some bag. Its really good and i like it. Where a re you hunny..

What is 125 Second Mortgage?

Home values across the country have begun to taper off. Some areas in California are reporting depreciation, and some areas in Florida, Virginia and Maryland are reporting slight appreciation. Most of the country is reporting flat home sales, and many people are concerned that home values may actually begin to decrease in value. Critics call this a housing bubble, and some anticipate the bubble will burst, as the interest rates continue to climb.

How will people get cash out of their home?

As many of you already know, consumer debt is at an all-time high, and if you have credit card bills mounting each month it may be time to consider a 125% second mortgage. This 2nd loan, requires no equity, and the loans can even exceed the value of your home.

- Debt consolidation to 125%
- Home improvement financing
- Access cash without refinancing

125% home equity loans can help transform eight high rate credit card accounts into one reduced monthly payment that can save you hundreds of dollars in interest each month. For example, if you are paying out $840 a month for $35,000 in credit card debt, a 2nd mortgage could cut your payments in half with a fixed monthly payment of $410.

Critics will tell you that the interest rates are higher for 125% mortgages than traditional home equity loans. These people are right, but if it save you money, and you don't plan on moving for a few years, this could still be a great loan for you. Jason Pizzinat, an experienced loan officer says,"125 loans have saved my clients money, and in some cases have helped them avoid bankruptcy."

By: Lynda Nelms

Ps: you still burden with your debt? Maybe you need to read this articles too - Finance

10-step Guide to Financial Stability

Nobody likes to think about losing a loved one, and often when it occurs, we have no idea where to turn.

If you are not prepared, the paperwork will hit you after your spouse's death in an apparently overhwelming deluge. It is tough to get through it even when you are prepared. A to-do list is prepared for you here.

1. Get a grip on your assets. Find out what you have to work with by gathering copies of your joint tax records for the past five years, records of both your husband's and your own retirement plans, all insurance policies, bank and brokerage accounts, and the deed to your house and any other property the two of you might own, jointly or seperately. Bundle the documents in one big file that you keep in a safe but accessible place, such as a locked drawer.

2. Obtain death certificates. You'll have to send nearly two dozen copies of your husband's death certificate to credit card companies, the company that holds the mortgage on your home, insurers and various other companies and agengies to verify his death. At this time, they are not requiring the copies be certified by the state.

3. File for benefits. Notify your husband's employer and file for any benefits owed you, such as pension income, life insurance and health insurance coverage. Do this by talking to the person in charge of employee benefits (ask the human resource department to direct you). Find out about settlement options - does the plan want you to choose between a lump-sum payment or annuitized payments, which are made every year.

4. File insurance claims. Alert your husband's life insurance company and file a claim. Your insurance agent will have all the policy information you will need and will be able to help you obtain the necessary forms.

5. Notify government offices. The Social Security Administration will need to be notified. You must have been married a minimum of nine months before your spouse's death to be eligible for benefits, except in the case of death resulting from accident or military service. Don't forget to contact the motor vehicles bureau in your state to change all vehicle registrations to your name.

6. Contact financial services providers. Any joint accounts should be transferred to an account in your name only. (You will need to use one of those death certificate copies for this.) In many instances, you will be able to renegotiate the terms of outstanding loans with your banker if your financial status is shaky. If your husband had a brokerage account, ask his broker to give you a value on his account at the time of his death. Estate taxes will be based on the evaluation of assets in all his accounts.

7. Update your insurance policies. If your spouse worked for a company that has a health plan covering 20 or more employees, the law requires the plan to offer you and any dependents coverage for at least 18 months but can be stretched up o three years if you have dependent children. Also update any life or disability insurance policies.

8. Put your money someplace safe. Do not even think about making any major financial decisions at this time. It is recommend that you refrain from investing any lump-sum insurance or pension payout for at least six months, and if you can wait this long, a full year after your husband's death. Stash cash into liquid money market funds, or short-term certificates of deposit or Treasury bills.

9. Work out a spending plan. You have already assembled the important documents. Now you need to allocate your new income to satisfy your needs as well as investing your money for retirement, for your children's education, and so forth. Subtract what you owe on your mortgage, credit cards and outstanding loans as well as any tax obligations from your total assets. How much income do you have? How much do you spend each month? Determine which bills must be paid and which are optional. There's your spending priorities.

10.Take it slow. After you navigated the must-do list and found the crucial documents, take a break. Don't be pressured to make big financial decisions. When you are ready, it's a good idea to set up an appointment with a financial adviser to help you make wise decisions.

By: Roger Sorensen

Ps: I like roger idea. Its good and i believe i also can do that. What i need is to be patient and follow my plan. We need to do that slowly and no need to rush. By the way, i'm girl. My men need to know this i think. Hihi..

Pss: If you want to know about investmet. YOu need to read this. It might be a great help!