Debt consolidation loans – the facts
A debt consolidation loan needs to be large enough to cover all the debts you want to consolidate, leaving you with one simple monthly repayment. However, not every debt is really suitable for inclusion in a debt consolidation loan. Here’s a few to consider:
Mortgage
Your mortgage is secured against your property – and mortgages are generally too big to be included in a consolidation loan anyway. You might be able to take out a debt...
Disability Insurance, Know the Risks
What is the greatest threat to your family and your financial well-being? That threat would be that you became disabled and not able to work, if you are the primary breadwinner. If you were to die as the result of a serious illness or accident, you might have life insurance so that your family would have some sort of financial protection. If you didn’t die, and cannot work, are you financially protected?
The consequences can be devastating,...