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Be aware that student loans are very different than any other type of consumer loan product.  Here are some of the more significant differences between the loan types;

• Multiple Loans Many times student loans are reported to the credit bureaus on a disbursement basis, which means if you took out six loans to pay for college, then youll have six unpaid loans on your credit reports.  If you can consolidate those loans into one then youll likely eliminate the damage of having multiple loans on your credit reports, which is good for your credit scores.

• Missed Payments Sting A missed payment on a student is just as damaging as any other.  Just because your loans have been in deferment for months or years doesn’t mean that the new due dates are suggestions. Stud

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Tags: Loans, Student Loans

All those daunted by their poor credit due to County Court Judgement, defaults on payment, mortgage arrears, Individual Voluntary Arrangement or any other reason can now have a breather with bad credit mortgage loans.

A homeowner can now raise loans regardless of his less than perfect credit scores, if he pledges his collateral against the loan lent to him. A mortgage loan can be secured against home for a fixed long period of 25 years.

The various types of mortgages a homeowner with bad credit can consider are fixed, capped, variable, tracker, buy to let, flexible mortgages. Whether a borrower is looking out to refinance an existing loan, get a loan to purchase a new home, borrow to buy home and then let it out on rent or borrow against the equity in his home.

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Tags: Mortgage, Mortgage Loan

“How could I have been so stupid? I should have known better.”

That was the lament of a friend who was snookered by a “romantic” conman online in 2011.

She and many others: Dating and social media scams made the list of the Better Business Bureau’s top scams of 2011.

There seems to be no shortage of scammers out there thinking up ways to help us part with our money. The BBB identified nine categories of scams that made the rounds in 2011. Among them: job scams that conned unemployed workers out of their personal information and bad check scams that used Craigslist ads to find sellers of merchandise. And if you get an email from Facebook founder Mark Zuckerberg inviting you to claim your $1 million prize, don’t take the bait. Read more…

Tags: 2011