My Finance Magazine

Credit

A Cure for an Ailing Credit

Credit has become a much-used word, thanks to the various connotations that it is being used in. Transactions in which the payment is deferred to the near future are termed as credit transactions. Ever thought why the grocer sells goods on deferred payment- because of a good credit that you enjoy. Credit is the reputation or standing that a person has in the society. Though credit includes various non-financial aspects, our study primarily includes... 

Debt Consolidation

Perks and Pitfalls of Debt Consolidation

Whether you want to pursue debt consolidation in order to make a good financial situation better or to pull yourself back from the brink of bankruptcy you will want to consider the good and bad things that may result from the choices you make. Perks and Potential Benefits of Debt Consolidation 1. Debt consolidation should lower your monthly payments, and preferably your interest rates as well. This will lower the long term cost of your debt. 2. Debt... 

Debt Relief

Credit Card Debt Freedom is Possible

Credit card debt have you drowning financially? You’re not alone. The average American household carries $9,205 in credit card debt, according to CardWeb, an online industry tracker. Not managed properly, this debt can come to eat up all of your disposable income leaving little or nothing for bare necessities. Some people in this situation respond by charging more but that will only get you further in trouble. Fail to plan and you plan to fail There... 

Loans

What is a Secured Personal Loan?

A secured personal loan is the generic term for a loan. Essentially, a secured personal loan is one that is secured against your property. It is a low interest loan designed exclusively for homeowners. What this means is that, by taking out a secured loan, you are using your house to guarantee the loan repayments. A Secured Personal Loan enables you to make use of this asset which will provide security for your loan. Secured personal loans are the... 

Mortgage Refinance

Refinance Your Second Mortgage

A 2nd mortgage is a secured loan on your property, with your home serving as collateral. Depending on the particular terms of your second mortgage, you could be able to refinance if you wish to reduce your monthly payments or are in need of extra cash. Refinancing a 2nd mortgage can be an option for those who want to pay off their mortgage (excluding any home equity lines of credit), reduce the interest rate they currently pay on their second mortgage,... 

Personal Refinance

Are You Sick of the Financial Insecurity of Fluctuating Seasons and Income?

Finding a stable and secure income that will come year in, year out, no matter what happens on the farm, will give you real peace of mind. By investing off farm, you are not only providing a secure income now, but also preparing for retirement. This IS attainable by all levels of income earners and people of all ages. I am a farmer’s wife and have lived through some good and bad seasons on the farm. If farming was all about money, then we wouldn’t...