Debt Consolidation Loans: Identify the SCAM Websites
By: John Lee
Submitted by: John Lee
WorldWideReviews
http://moneyemployment.worldwidereviews.com/DebtConsolidationRefinance.htm
Online Debt Consolidation Loans Companies.
You've probably heard the advertisements on the radio or seen them on the television or in the newspaper:
Be Debt Free in just Days.
Easy Debt Consolidation Loans.
Erase your Debt Now!
Whether known as "Online Debt Consolidation Loans Companies" or "Online Debt Consolidation Financing Companies" or "Online Debt Consolidation Mortgage Companies", they are all part of a relatively new type of online debt consolidation network. And they are Hot.
Recent popularity.
Millions of Americans have a wallet full of credit cards--plus expensive personal loans, auto loans, second mortgages and more. They're tired of paying 15%, 21%, 29% and more on credit cards, auto loans, personal loans and other types of credit. With a debt consolidation loan people can wipe the slate clean and start over. A debt consolidation loan can lower your interest rate, combine all your accounts into just one convenient monthly payment and give you some extra breathing room in your budget. In many cases you can net an extra $300, $400, $500 or more per month just by consolidating your debt at a lower interest rate. You'll save money now - and at tax time too (be sure to consult your tax advisor for specific laws in your area.)
How they work.
Most of the online debt consolidation loans companies work something like this:
• You fill out a brief 1 or 2 page online form. This can normally be done in just a few minutes.
• The online debt consolidation loan company sends this form to its network of banks.
• You receive back a return email. This contains the best offers from the network of banks.
• You select the loan offer you like best (normally the one with the lowest interest rate).
It is really that easy. If you like any of the offers you just reply to the email, indicating which offer you want to accept or to request more information. And all of this costs you nothing! There should never be an application fee.
Not all debt consolidation loans are the same.
There are 3 bits of information about your loan that are very important:
Amount Financed: The amount of credit provided to you. This will normally be the amount of the loan you will receive from the lender.
Finance Charge: The dollar amount the loan will cost you. This is the interest you will pay on the loan.
Total Payments: The total amount you will have paid after you have made all payments as scheduled.
These figures can vary wildly between lenders. You should treat these debt consolidation offers as you would a new car ... shop around for the best deal! Someone looking to secure a great debt consolidation loan should fill out applications for several different Online Home Mortgage Refinance Companies, and then accept the one with the lowest interest rate. Why pay more than you have to?
Debt consolidation loans at your fingertips.
It used to be that to get quotes to consolidate your debt you had to go to several banks and sit in a lobby with many others. Fortunately this is no longer the case. There are now entire online companies that exist solely to administer these loans. Now the entire process can be completed quickly and easily from the privacy of your computer.
Fraudulent websites & Potential Pitfalls.
Unfortunately, as with any innovative idea come the scammers. Hundreds of "debt consolidation loans" websites have popped up, claiming to offer the best deals. Many charge excessive interest rates for even the smallest of loans. Other problems are:
1. Charging application fees (NEVER pay a fee to apply)
2. Excessive loan fees
3. Hidden charges
4. Zero help or customer service
Many of these SCAM sites won't even respond to customer requests. Eventually they get shut down due to too many complaints, or the State Attorney General forces them out of business. But the borrower is already locked into a bad deal, and the SCAMMERS just open another site under a different name in a different state. It's definitely "buyer beware".
Yes, your house can get you out of crippling debt!
If you can stay away from the SCAM websites, getting a debt consolidation loan online through one of these companies can be a great way to get the best possible deal with the least amount of work.
Before applying online for a debt consolidation loan, you should be sure that the website satisfies the following minimum requirements:
• Well organized, easy to navigate sites.
• Helpful resources available for newcomers.
• Short application form that can be completed in minutes.
• No application fees.
• No obligation.
• No hidden charges.
• Bad credit not a problem.
For more information or resources pertaining to this article, please visit WorldWideReviews Debt Consolidation Loans at http://moneyemployment.worldwidereviews.com/DebtConsolidationRefinance.htm
Copyright © by John Lee
Staff@WORLDWIDEREVIEWS.COM
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
John Lee is owner and publisher of the acclaimed
consumer reporting website WorldWideReviews.
A free product review and watchdog service.
Debt Consolidation Loans
http://moneyemployment.worldwidereviews.com/DebtConsolidationRefinance.htm
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
This article is free for republishing
|
|
Why is a US account important for NRA's?
Why is a US account important for NRA's?NRA or Non Residents Alien is a widely used term, which refers to the non-US citizens, having no residential base in the country. It is generally put in to the use by the country’s banking sector. Why does a NRA require a US account? Let’s try and analyze the various benefits that everyone around the globe can extract from a US account. With emerging tren. . .
Return to Index
UK
Financial Services
Sub-categories: Accounting
| Banks
| Building
Societies | Corporate
Finance | Credit
Services | Currency
Services | Debt
Collection | Directories
| Factoring
| Financial
Consultants | Fund
Management | Independent
Financial Advisors | Information
Services | Insurance
| Leasing
| Merchant
Services | Offshore
Services | Organisations
| Personal
Finance | Publications
| Regulation
| Socially
Responsible Investment | Stockbrokers
| Taxation
Article Index: 1
- 2 - 3
- 4 - 5
- 6 - 7
- 8
World
Financial Services
Sub-categories: Associations
| Automobile
Buying and Financing | Banking
Services | By
Region | Cash
Flow | College
Financing | Commercial
Lending | Computer
Financing | Cooperatives
| Credit
and Collection | Directories
| Education
and Training | Employment
| Field
Service Companies | Financial
Consultants | Financial
Planning | Freelancer-Contractor
Services | Holding
Companies | Information
Services | Insurance
| Investment
Banks | Investment
Services | Leasing
Services | Loans
| Marketing
and Advertising | Medical
Billing | Merchant
Services | Mortgages
| News
and Media | Offshore
Services | Payroll
Services | Surety
Bonds | US
Government Financial Sites | Venture
Capital | World
War II Dormant Accounts
Get "IN TO" Vicky's
"rr-tit-calls" (Vicky's a Yorkshire Lass)
Latest News & Previews
Inexpensively
Protect Your Automotive Investment with a C...
You’ve just purchased your dream car. After many months (or
even years) of saving, you are now driving home from the car dealership and
you suddenly realize, “How am I going to protect my new investment”. If
you don’t have the luxury of keeping your car inside of a garage, a car
cover will help protect your automobile, both the exterior and interior of
your vehicle. Even if you do keep your car in a garage, but don’t drive it
very often, a car cover is still quite beneficial. It will keep dust particles
from sticking to you vehicle and potentially damaging your car’s paint job.
A car cover . . .
It's
Not My Fault....Whose Responsibility Is It Anyway?
It amazes me, how often during a week, I hear "It's not
my fault, it's not my responsibility". It seems that in today's society
no one wants to take responsibility for anything. Parents don't or won't take
the responsibility of how their children turn out. It's the daycare's fault,
the school's fault, the college's fault, the cop's fault, ... you get the
picture. As far as children go today, newsflash parents, "It is your
fault." They are your children, not the daycare's or the schools. It is
your responsibility to be sure that they get to school, that they learn in
school, and what they d. . .
Mischievous
Imp: Baby's Eleventh Month Guide
Believe it or not, your baby is just one month short of being
a year old!Bubbling with energyIn baby's eleventh month, he is discovering a
whole new exciting universe at a frantic pace. He can roll, sit, stand and
even walk a few steps. He has a mind of his own now and you might be shocked
to see him assert himself! If he seems to be quiet for a while it could
signals some mischief he is up to. He could creating havoc in the restroom or
might be busy chewing your new lipstick!MilestonesYour eleven month-old baby
can now stand alone and can expertly cruise around furniture. He can wave and
. . .
|
|
|
