|
|
|
Debt Consolidation Solution - How To Know What Your Solution Is
If you're struggling with debt, you may find that debt
consolidation could be your solution. There are a few basic
types of debt consolidation, and familiarizing yourself with
their primary features will help to choose the best...
Debt Facts
In 2003, almost one and a third percent of US househoulds (about 1,650,000) filed for bankruptcy, indicating that bankruptcy may not have quite the stigma attached to it as in other parts of the world. Somehow, the USA, with a population of about...
Home Equity Loan – Beware of the lingering lien!
A problem that often arises when people try to refinance their home is the discovery of a pre-existing lien from a previous loan that was not removed by the lending company. The cost of removing a lien and returning the title to the homeowner, a...
Personal finance - have consumers had a belly full of personal debt?
For months, we were trigger-swipe happy, putting our groceries, clothes, holidays and service charges on our credit cards. We wanted mortgages, we took out loans, we watched Property Ladder and What Not To Wear. Whether you were born middle class,...
Repair Credit Rating - There Is No Quick Fix
Trying to repair credit rating scores is not something you can
do overnight. Neither is it something that someone else can do
for you. There are ways to help you repair credit ratings, but
you really do have to want to improve your rating to...
|
|
| |
|
|
|
|
A penny saved is a penny earned by www.debtconsolidationconnection.com
Paras Shah
www.debtconsoli
dationconnection.com : Debt Consolidation Loans - Consolidate
Debts
This old adage is not true! The reason is is not true is due to
the effect of marginal income taxes. Marginal meaning the amount
of tax you would pay on the next dollar you earn. We have all
experienced receiving a raise or a bonus only to be disappointed
with the size after taxes. Assuming a marginal tax rate of 30%,
you would need to earn an extra $142.86 to come out with an
extra $100 after taxes! Keep in mind that if you plan on
spending that $100 on an item with 8% sales tax, you could only
buy something that costs $92.60. To purchase an item that costs
$100 assuming 8% sales tax and 30% marginal tax rate, you would
need to earn an extra $154.29!
A $100 saved is worth at least $150 earned
This fact adds to the power to using credit counseling to lower
your debt payments. By reducing your monthly expenses up to
several hundred dollars per month, debt consolidation can offer
a fresh start on the road to more healthy personal finances.
About the author:
Paras Shah
www.debtconsoli
dationconnection.com : Debt Consolidation Loans - Debt
Consolidation - Consolidate Debts - Credit Card Debt
|
|
|
|
|
|
