Archive for December, 2007

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Home Equity Loans: Pros and Cons

Friday, December 7th, 2007

For many people looking for a loan, obtaining a home equity loan is the option to go for.  However there are few things you should be aware of before committing yourself to any decision.
Before explaining the pros and cons, let’s look at what a home equity loan actually is.  Basically it is a way to [...]

Debt Reduction - Snowball Method

Monday, December 3rd, 2007

So you’re looking to reduce you total/monthly re-payments? The initial thought is to pay down the debts. This is not easy and some find the situation hopeless. One method that can be used in the “snowball method”, a term coined by Dave Ramsey.
On the whole this technique is pretty simple. List [...]

Are Low Interest Credit Cards Worth It?

Monday, December 3rd, 2007

It may seem that credit cards can be both saviour and destroyer but ultimately you should view them purely as a tool. Of course, how you choose to use them is up to you.
Handy Tool - If used properly they can come in very handy, they can be used for online shopping where you [...]

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