Most people have taken out plenty of loans and other forms of credit, from various sources over the years. These could include student loans, credit cards, store cards, a bank overdraft, car loan, goods bought on a buy now pay later basis. All of these sources of credit will have different terms depending on who you borrowed from and how much. One important factor with all these loans is that they will all have different rates.

Rates and APR

The rate you repay your loans at is vitally important. Many people underestimate the influence the APR will have on how much they repay for a loan; the difference can be astounding. The bottom line is that you want your interest rates to be as low as possible. (more…)

This is the season when every day seems to bring new invitations for graduation of class 2006 in the mail. I began to wonder what it must be like to finally leave school with all that energy and excitement only to discover that they are now going to spend years paying for student loans that seemed such a good idea at the time.

The Center for Economic and Policy Research recently reported that nearly 65% of all students use loans to pay for their education. With many students transferring debts of $ 90,000 or more you start to wonder what it must be like to live under such pressure. How can we manage to pay these loans and still have a life? There are many areas outside of Southern California where you could buy a nice house for that amount of money. (more…)