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) Family Finances: Consolidate debts only as a last resort
There are a number of ways to consolidate debt and possibly lower monthly payments. Our advice: Consider debt consolidation only as a last resort. Generally, it comes with several drawbacks.Among those: Possibly a host of extra fees -- charged either upfront, annually or if you terminate the loan. Plus, you have another very real threat. You could consolidate all your debt and lower monthly payments only to accumulate even more debt if you still can't stop spending.
Nevertheless, if you're strong-willed and if lower monthly payments provide a viable way out of a financial bind, debt consolidation could be worth considering. Here are your loan options:
Home equity loan or home equity credit line. It's possible that interest on some of these loans may serve as an itemized deduction on your income taxes. More>>
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) Online Mortgage Portal Receives Spike in Refinance Applications after the Fed Cut Rates
LendingGateway.com receives hundreds of online enquires to get into a fixed rate despite the interest rate drop.San Diego, CA (PRWEB) September 28, 2007 -- Over the last week, after the Federal Reserve cut interest rates by 0.5 percentage points, LendingGateway.com received an increase in online enquires and phone calls about how this will affect the home loan market. Despite the Federal Reserve's intentions of alleviating the "sub-prime" home loan chaos through the rate cut mortgage rates continued to increase.
"The most common thing we see is people that have adjustable rate mortgages worried about their interest rate increasing and affecting their ability to meet their monthly loan payment," explains Scott Olson, COO at LendingGateway.com, "the best advice our loan consultants give is to look into re-financing their existing home loan from an ARM to a safer fixed rate."
In addition to an increase in online mortgage applications, LendingGateway.com, also saw a jump in several debt consolidation enquiries on their online form at https://apply.lendinggateway.com/forms/debt.php
"Although we advise consumers to get into a safer fixed rate not everyone qualifies," says Alexander Capio, Owner and CEO of LendingGateway.com. More>>
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) Debtbang.com now Offers Do-it-yourself Debt Consolidation
Debtbang.com, a new counseling web site about debt consolidation, provides an honest alternative to commercial debt consolidation firms.Seattle, WA (PRWEB) September 15, 2007 -- Debtbang.com, a new counseling web site about debt consolidation, provides an honest alternative to commercial debt consolidation firms.
"If you're considering steps towards debt consolidation, the real truth is that you're better off handling it yourself, instead of paying an arm and a leg to another company to do it for you," says Kevin Dunham of Debtbang.com. "Debtbang.com offers you the knowledge and advice you need, so that you can get out of debt by yourself."
Debtbang.com (available online at http://www.debtbang.com) is the most practical and affordable debt settlement solution, tailored to give ordinary people debt advice that they can understand and follow. More>>
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) 16.10.2007 - DJ DGAP-Adhoc: UniCredito Italiano S.p.A.: CONSOLIDATED RESULTS FOR FIRST HALF 2007 APPROVED
Release of an Ad hoc announcement according to ยง 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. =-------------------------------------------------------------------------- CONSOLIDATED RESULTS FOR FIRST HALF 2007 APPROVED NET PROFIT OF EUR3,607 MILLION, AN INCREASE OF 16.6% YoY OPERATING PROFIT RISES 20.9% YoY TO EUR6,531 MILLION Today UniCredito Italiano (UniCredit)'s Board of Directors approved consolidated results for first half 2007 (1) which confirm the second quarter 2007 results announced and presented to the market on August 3, 2007. The first half results show a net profit of EUR3,607 million (mn), an increase of 16.6% on the first six months of 2006. The ROE (2) is 19.8% (compared to 19.0% in the first six months of 2006). More>>