DebtSmart Email Newsletter: 2/12/03
by DebtSmart Email Newsletter
In This Issue; Cool Quote,s Letter from the Publisher; Living Within Your Means--The Easy Way; by Terry Rigg Tricky Insurance Pays Off; Household Math™: Home Equity vs. Credit Card; Survey: Health Insurance How Do You Want To Live? Refinancing And Your Credit Score; DebtSmart Resources; Subscribe/Disclaimer Information
Survey Results: Health Insurance
by Scott Bilker
Since the cost of health care and health insurance continues to increase every year, many companies have dropped health coverage and many families have found themselves without full coverage or any coverage at all. If you are in this group you're not alone, as 41-million Americans have no health coverage whatsoever. At DebtSmart we continue to look for ways for our readers to cut costs. To that end, we have been researching alternatives to expensive health insurance. By filling out the following survey you will help us get a better grasp on what your needs are, allowing us to look for the ideal solution for you and your family.
Refinancing And Your Credit Score
by Gary Foreman
I purchased a 1999 Buick Regal right before Thanksgiving. The loan was for a 14.5% interest rate. I was told that I should wait at least one year before refinancing. If I did otherwise it would look bad in my credit for not staying with this company for at least a year. I am interested in shopping around to see if I can get a lower interest rate, but am uncertain due to the information that was given. Should I shop around or wait until a year has been completed?
An Upset is an Opportunity to See the Truth
by Michael Angier
A few days ago my wife and I found ourselves in a dilemma. We rarely have arguments, and I wouldn't characterize this as one. It was, however, an upset. Hurt feelings, frustration, misunderstandings and ego all played their negative roles. We've been together for almost ten years and have worked through many of the challenges of any marriage including...
So Far In Debt; Can't Seem To Breathe
by Scott Bilker
Help please! I am so far in debt and can't seem to breathe. I have 6 credit cards and I am $25,000 in debt. I know you hear this all the time, I have been paying for over 2 years not charging anything and still can't get anywhere. I cut them 2 years ago, and called the companies to ask for a lower rate. They gave me like a year with low interest, and lower payments so my credit reports would not be hurt.
Survey Results: Late Payments
by Scott Bilker
The greatest sin in debt repayment is late payments. The penalties include raising your interest rates, large fees, or denial of new credit lines or mortgages. Please take this survey and let us know about your experience with late payments.
7 Tips For Giving Allowance
by Womens-Finance.com
An allowance will help your child learn money management, responsibility, values, goal setting, planning, and saving. These are valuable lessons in life and ones that will make your child a much happier, productive adult.
DebtSmart Email Newsletter: 1/29/03
by DebtSmart Email Newsletter
In This Issue; Cool Quote,s Letter from the Publisher; The 30-Year Loan Amortization and Analysis Worksheet So Far In Debt; Can't Seem To Breathe; Household Math™: Home Refinance Late Payment Survey And Upset Is An Opportunity To See The Truth 7 Tips For Giving Allowances; DebtSmart Resources; Subscribe/Disclaimer Information
Household Math™: Home Refinance
by Scott Bilker
Brooke wants to refinance the balance on her home mortgage. She still owes $125,000 at 7% after paying 36 monthly payments of $859.77 on her 30-year loan. She gets approved for a refinance at 5.5% for a 20-year loan with 2 points and $2,000 of closing costs. Brooke rolls the cost of all the refinancing into the new loan. How many months with the new refinance must pass before Brooke starts saving money with the new loan?
Make Payments For Son's Car
by Scott Bilker
My son purchased a car for $15,000 at a high rate of interest. He's been paying for 32 months and he still owes $11,000. He has just been laid off and to top it off the car has blown the engine. I would like to help him pay the loan off to keep his credit rating but would like to negotiate the amount down. What are the chances? Would he be better off to let it be repossessed? This would be to nobody's advantage. Please advise.
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