Debt Consolidation Lowdown

–By Sagar Satapathy

Greetings! Welcome to the 11th edition of the Carnival of Debt Management. We have selected 10 blog posts for this edition. Without further ado, here are the posts in the order they were received.

Henry Bagdasarian presents Food And Credit Products Are Not Very Different From Each Other posted at Free Identity Theft Prevention, Detection and Fraud Solutions. Excess food and credit are both bad for us because they lead to serious problems. Excess food kills people and excess debt destroys lives. There is no doubt that obesity, bankruptcies and identity theft are the results of excess food and credit consumption, and have reached dangerously high levels.

Abdulrasool Sumar presents Types of Debt Consolidation Loans posted at Debt Consolidation. Chris Viale, GM at Cambridge Credit Corp. in Massachussets, USA. He says 70% of American citizens who take out home equity or debt consolidation loans to pay off their existing credit card debt end up with similar debt loads (if not higher) almost within 2 years!

Aibek presents 15 Cool Tools for easy Expense Tracking and Budgeting posted at MakeUseOf.com. From simple, personal and shared expense tracker to feature-filled, budget tracking tools. All free, enjoy!

Dan Melson presents Property Cash Flow Versus Balance Sheet Accounting posted at Searchlight Crusade. The loan on the apartment building would be bumped all the way to 7.375% because it’s non-conforming, and so that the yield spread covers the adjustments for investment property and 4 units.

Paula presents Being Debt-Free is Not Always What It?s Cracked Up to Be posted at Queercents. Next time you’re building a head of gray hair or freaking out over having to carry a small amount of debt on a temporary basis, remember that being intentional with your money pays far more dividends than obsessing over being entirely debt-free.

Jeremy Reeves presents Financial Independence Series #4 - How To Get Started posted at The Road To A Perfect Life. Getting started is possibly the most important step in becoming financially independent. Here are Jeremy’s suggestions on how to get started.

Brian Brady presents What’s my rate? It looks like I gotta WACC you ! posted at The Most Opinionated Mortgage Broker. Stop shopping online for loans. Rather, look for a mortgage advisor who has had some real financial planning experience or training.

Matthew Paulson presents How to Eat on $20.00 a Month. posted at Getting Green. When you are at the grocery store, don’t buy prepackaged and pre-prepared meals. This is the most expensive way to shop when you’re at a grocery store. Instead focus on the essentials. Get things which will give you lots of good fat, protein, and nutrients for a little amount of money.

Matthew Stevenson presents The price of credit posted at Food for thought, by archangelG. If we borrow on a credit card, how much are we actually paying for the privilege? We all see the various APR’s advertised, but what does it actually mean? And are we paying far too much?

Steve Faber presents - Some Bad Credit Loan Scams and How to Avoid Them posted at Debt Free. If you’re going after a bad credit loan, here are some bad credit loan scams you should be aware of. It’s unfortunate, but a fact of life that your credit may be in the dumpster.

That concludes the 11th edition of the Carnival of Debt Management. Keep submitting your posts to the future editions of this carnival. Thank you for your participation.

This entry was posted on Wednesday, May 9th, 2007 at 11:51 am and is filed under Carnival. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.