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Debt Management / Credit Counseling Links - The Credit Source
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Nationwide Free Online Credit Consolidation Counseling Locations - The Credit Source - Bad Credit Loans
Orlando, Florida Credit Counseling and Debt Management
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What is debt? - Credit Counseling and Debt Management Education : Links
Credit Card Calculator - Minimum Monthly Payment - Lower your Interest Rates
Lease Calculator - Calculate Monthly Lease Repayments - Lower your Interest Rates
Loan Calculator Tool - Calculate Monthly Payment, Interest Rate, and more - Lower your Interest Rates
Amortization
Loan Reduction Calculator Tool - Calculate Reduced Term and Save in Interest! - Lower your Interest Rates
Elements of Financial Planning - You need a financial plan and blueprint!!!
Identity Theft - How does identity theft take place? How can I protect myself from Identity Theft?
How is credit granted? Capacity Character Collateral
What is a budget? Learn how to make Financial Goals - Lower your Interest Rates!
Are you trying to decide between cable and a satellite dish? Consider the pros and cons of each.
Having Fun Without Spending a Fortune
Using Consumer Reports to offer answers on your best deal!
Reduce your food costs! Save a lot of money on your food bills.
Protect yourself while shopping online - Solve your Credit Problems
How To Get A Deal Bargain Shopping
Streach your Money! Here's a list of suggested ideas on how to streach your money.
Ways to Lower Your Auto Expenses - Save some money in your car!
Are you paying too much for Cellular Phone Service? Cut your cellular phone bill.
Everything you've ever wanted to know about celluar phone service!
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Sites1. Revolving Credit -
Credit cards are considered revolving credit. They allow you to pay for
all or part of your debt balance (purchase). They are considered
unsecured and require no collateral when purchasing items and services.
Issuing revolving credit can be very risky for the lender because they
have little recourse if you fail to pay. They cannot seize property
from you as a consequence for default and because of this risk credit
cards usually carry a high interest rate.
2. Installment Credit
- Installment credit is used when you purchase automobiles, furniture,
household appliances, education, etc. Installment credit is considered
"closed-end" credit because the borrower and the lender have outlined
the specific amount of money needed, a specific monthly payment, and a
specific time in which the loan will be repaid.
3. Open Charge Credit
- This type of credit is usually issued from small retailers. It's an
open-end line of credit for 30 days. It's also referred to as "30 days
same as cash." If you have this type of credit set-up you can purchase
a specific item, sign a sales slip (merchant agreement) and go home
with that item the same day. At the end of 30 days, the retailer will
send you a bill. This bill is due and must be paid in full. They do not
offer any payment terms.
4. Service Credit
- This type of credit is issued by utility companies. In most cases you
have already used the credit during the month… like telephone,
electricity, gas and water before you have paid for it. Service credit
usually requires payment in full and is issued without finance charges,
but you could receive a late fee if payment is not received by the due
date. These fees are usually much lower than fees issued by other
credit lenders.
5. Mortgage Credit
- Banks, credit unions and other financial institutions issue this type
of credit. People obtain this type credit for the purchase of a home,
condo or other real property. Mortgage credit is more complex than the
other types of credit. Mortgage credit works in a way similar to
installment credit but approval can be more difficult to obtain.
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