Why is it Important to Know About Debt Consolidation?

Debt consolidation compiles all your debts and creditor dues into a single loan with one easy payment.  This makes it easier for the borrower as it is less time consuming, less interest paid, it strengthens their credit score, and simplifies their repayment process.  A debt consolidation loan’s terms will depend on your credit score (the better your credit score, the better the interest rate), amount of debt, and type of loan taken.

Debt consolidation loans cover many types of loans, some of which could be credit card loans, medical bills, personal loans, mortgages, payday loans and more. ​

How to Get a Debt Consolidation Loan?

Buying Property under a Corporation Name

When you incorporate your business, you can protect your personal finances and personal property in the event of a legal action being filed against you as the only assets liable would be those that belong to the corporation specifically.  Incorporating your business also allows you to purchase assets under that company which lets you increase your business assets, credit rating and enter into real estate investment’s.

Steps to buying a property under a corporate name (more…)

Mortgage Co-Signor vs. Guarantor: What is the Difference?

If you are a borrower who is perhaps self-employed, have questionable income stability or employment history or mediocre credit, it’s likely that your lender will need a guarantor or cosigner for your mortgage. In their eyes, this will ensure them that someone will be held responsible if you areunable to make your mortgage payments.

Are you the person who is considering becoming the guarantor or cosigner, then you should understand the difference between the two, they are very different, as each comes with certain rights and responsibilities. (more…)