Comments for Personal Debt Solutions

Comment on Student Loans : Student Loan Consolidation by MoldytoasterMedia

MoldytoasterMedia — Thu, 01 Sep 2011 08:34:13 +0000

good video. thanks
good video. thanks

Comment on Student Loans : Student Loan Consolidation by eHow

eHow — Thu, 01 Sep 2011 08:34:13 +0000

@MoldytoasterMedia …
@MoldytoasterMedia No prob. Glad you like the video. If you liked this one there are others in this series that you may find helpful.

Comment on 9. Debt Consolidation – savingandinvesting.com by edris88

edris88 — Thu, 01 Sep 2011 08:34:12 +0000

Many thanks
Many thanks

Comment on 9. Debt Consolidation – savingandinvesting.com by DebtCures

DebtCures — Thu, 01 Sep 2011 08:34:12 +0000

Thanks for the …
Thanks for the great words on the principles behind lending. The higher the risk, the higher the required rate of return! In real estate loans, the higher the LTV, the higher the rate of return required by the lender. Debt consolidation can be a great thing under the right circumstances. Here’s link to a video that talks about how the baning and credit card industries operate. Check it out… /watch?v=0bGjYAL2Jds

Comment on 9. Debt Consolidation – savingandinvesting.com by shakaama

shakaama — Thu, 01 Sep 2011 08:34:12 +0000

you skirted around …
you skirted around the issue, not in a bad way, but you never said, “refinance your house to include all your credit card debts, car loans, childrens school” i would have like a solid example.

Comment on 9. Debt Consolidation – savingandinvesting.com by biffmctavish

biffmctavish — Thu, 01 Sep 2011 08:34:12 +0000

Why would you want …
Why would you want to get out of debt? Why did you get in debt in the first place? Ask yourself these questions. If you have no intention of destroying your credit cards after you consolidate the debt, then why bother? If youre not going to change the person in the mirror, then why would your risk your house? Dont do it. Cut spending and pay off your debts smallest to largest. Never pay a credit card before you pay your house, food, lights and transportation cost.

Comment on 9. Debt Consolidation – savingandinvesting.com by biffmctavish

biffmctavish — Thu, 01 Sep 2011 08:34:12 +0000

If you still owe …
If you still owe money on your house. The argument is dont pay it off because you can write off the interest. Consider this:

If you make 100,000/year in salary at 25% thats 25,000 dollars. If you pay 10,000/year in interest on a mortgage and deduct it from your taxable income. Thats 90,000 on 22,500 in tax. It reduces your taxes by 2,500/year. Would you send a bank 10,000 to not send the government 2,500? If you didnt like having your house paid off, you could always get a loan.

Comment on 9. Debt Consolidation – savingandinvesting.com by TonyTellsItStraight

TonyTellsItStraight — Thu, 01 Sep 2011 08:34:12 +0000

Sigh…..
Borrowing …
Sigh…..
Borrowing against your home to pay your unsecured and credit card debts = FAIL. Period. This was understood as common knowledge until just recently, when the banks then sucked the equity out of everyone’s homes while bankrupting them in a million other ways. By 2011, they estimate more than half of mortgage owners will be upside down on their mortgages, meaning they owe more than the property is worth.

Comment on 9. Debt Consolidation – savingandinvesting.com by muchomuscle

muchomuscle — Thu, 01 Sep 2011 08:34:12 +0000

…
canadadebtconsolidationnow(.)com I noticed offers 7 more ways to immediately get out of debt for Canadians

Comment on 9. Debt Consolidation – savingandinvesting.com by nancyllang

nancyllang — Thu, 01 Sep 2011 08:34:12 +0000

Due to the …
Due to the recession, credit card companies are now offering bail-out programs. To see if you qualify, visit us at debt-freesolutions.blogspot.com