Debt Consolidation Services Explained

Posted by Rick Munster on February 3, 2010 · 3 Comments

Debt Consolidation Definition

Wikepedia Definition: Debt consolidation entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed rate or for the convenience of servicing only one loan. Continue reading “Debt Consolidation Services Explained” »

Credit Definitions, Basic Terms and Concepts

Posted by Todd Christensen on November 9, 2009 · Leave a Comment

Here are some basic terms to know, especially when building or rebuilding your credit score.

APR: Total cost of loan on an annual basis, including interest charges, annual fees, points, and other finance charges.

Asset: Anything of monetary value, commercial or exchange value that is owned by a person or entity. Continue reading “Credit Definitions, Basic Terms and Concepts” »