April 18, 2006, 11:20 pm : Financial extend hand into pupils

Filed Under: Consolidate Student Loans
Discussion: C[0]mments

Yesterday, I heard a bad new from my neighbor. He has a daughter study in a grade school. Now the teachers are indoctrinating financial knowledge to the pupils and even setting up credit unions. It’s horrible. Finance companies are extending their dark hand into unwary students.

April 15, 2006, 8:33 am : interest rates rise

Filed Under: Interest Rates
Discussion: C[0]mments

Last month, the Federal Reserve Board pushed up short-term interest rates for the 15th time since June 2004 and suggested it will do it again in May. Banks responded by raising the prime rate, the benchmark for most consumer loans to 7.75%.

It involved home equity lines of credit, car loans and credit cards. If you are doing this business, you will pay more money and get more debts.

I write a few tip about how to cope this financial situation.

Lease replace auto loans

Obviously the auto loans is expensive, the average interest rate is mainly 8%. However dealers continue to offer some preferential interest rate to attract buyers. This preferential have some conditions. For example, 36-month loans term and excellent credit.

Now leasing is become wise and popular, nearly 20% new cars were leased instead of purchased. The consumers are know which method is best when the loan interest rates rise.