Archive for March, 2010

Can I get a debt consolidation loan as a home loan but with no equity?

Posted in 10 Years on 03/12/2010 04:52 am by
Cassidy S asked:


I am trying to consolidate my credit card debt because the payments are too high each month. If I could get a home loan this would be perfect. I am having difficulty making all the payments and I don’t want to completely ruin my credit. Any reliable consolidation advice would be apprecitated!

Robin
 

Is it better for a new grad to pay off loan debt or invest with their money?

Posted in Investing on 03/03/2010 09:59 pm by
johnlert22 asked:


I just finished grad school and I’m in debt about $80,000. I make about $65,000 per year. I got a letter from my loan company saying that in 2005, I paid $1700 just in interest. Seems like so much. I was wondering what is better long term: reduced loan debt or investing and taking the tax deduction from student loan interest?
I think my interest rate on
Stafford loan is about 2.5% and private loan at Great Lakes is 6%. I never got around to refinancing but I think I will now

Frances
 
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