Debt Consolidation Loan – Consolidate Your Existing High Interest Rate Debt

Debt consolidation is one of the debt relief methods that can help you fight your debt problems. But before you commit to this method of debt relief you will need to know two things.

1. What is the extent of your debt problem?
2. How much can consolidation of debt help you tackle your financial problem?

In order to answer the first question you will need to do an analysis of your current financial condition. For this you will need to know where you stand as far as your debts are concerned. Your credit report can help you find out your current debt condition. You can also pull out all your recent bills to get an exact figure. Now you will need to know how much are you spending each month on your personal up keep this would not include your debt payments. Next you need to make a list of all your sources of income which should include your savings and investments as well. When i started working on my lists, this was the shortest one. With these figures in hand you will know exactly how much you have in your hand every month to pay off your debts.

How debt consolidation works is simple. It combines all your loans and takes out one loan with a lower rate of interest. This program is more useful if the debtor has many loans charging high rate of interest like credit card loans. By taking a new loan with a lower rate of interest brings down the monthly payment amount. Many customers opt for this option for a lower or a fixed rate of interest and some for the mere convenience of serving one loan rather than tracking the payments of their numerous loans.

Loans For Property Investment

The main topic for this article is property investment. As we know, banks have progressively tightened their lending criteria in the wake of the GFC, investors are getting frustrated because they can’t source finance for their next purchase. In this article, I will discuss about ways to break through the credit ceiling and increase our serviceability limit.

The first step which is consolidates unsecured debts into your mortgage. Typically, unsecured debts such as credit cards and personal loan have short repayment period. This method is use to force us to reduce our debts with high cost monthly repayments. These high repayment levels will cause the bank’s ability to repay calculation for our mortgage. The reason is because unsafe debt will limits the amount of uncommitted funds we have available to repay the proposed mortgage. Rolling our personal loan and other debts into our mortgage can help us because they won’t show as other financial commitments. Anyway, it will stretch the debt over the life of your home in loan term, creating more interest in the long run.

The second step is by reducing excess credit, especially credit cards. It is believe to say that if we have any credit cards with limits that exceed our need for credit, action that will be received either cancel the limits or reduce the limits down to a manageable level. When there are lenders assess our ability to repay a mortgage, they might assume that our credit card will be fully drawn up to its limit.

For knowledge that most credit card supplier make a statement that three percent of the debt amount be repaid every month, the unused limits can be detrimental to your mortgage borrowing capacity. Every $100 in credit card limits adds $3 per month to our monthly expenses and reduces our ability to borrow.

It may sound very good but all the lenders will look at the credit limit on our card or cards as a liability that we may have in the future, even if we don’t owe a solitary cent currently.

Currently, if we have a card with an $800 limit and another with a $400 limit, a lender will write down $1200 as a debt under our name. Reducing our credit card limit by $1000 may increase your calculated monthly disposable income by $30, which has the effect of having a net pay rise of $360 per annum.”

Continuing Education for Nurses

The following article relates not only to nurses but also to those aspiring to enter the noble profession of nursing. We hope you will get some insight into this field.

Although we have used the female reference for nurses throughout this article (“she”, “her”), this is done purely for convenience and in no way reflects the gender status of nurses in today’s society.

Most people assume that once a nurse has completed her education and has become registered, that is the “end” and that no more learning or education is required. This couldn’t be further from the truth. There’s more to nursing then just tending and looking after patients.

It is highly critical that a nurse maintain and continue her ongoing education and is kept current on her profession. This is an integral part of maintaining her registration.

A nurse’s life in the 21st century is extremely fast paced. There are medical advances in precedures almost on a daily basis and it is essential that a nurse is kept abreast and is at the forefront of these improvements. This requires a high level of time management and dedication to improve oneself in addition to spending long hours in clinics and hospitals. Of course this is much easier said than done.

It is in the best interests of a good hospital to provide everything needed for nurses to continue their education. A good hospital will also more than likely pay for the education of their nurses. A lack of funds should not be a deterrent to a nurse continuing her education.

Many nurses regularly subscribe to nursing periodicals and magazines to keep up to date with their ongoing education.. Nurses are encouraged to go through the relavent published journals on a regular basis.

Of course let’s not forget that just as important to success is the keeping of portfolios and timely documentation detailing all the training and education received throughout the nursing career. This written journal also serves as a method of organizing in an orderly manner, all the continuing education undertaken.

Admittedly, there exists a challenge with regards to access to this education for nurses, namely the expense, since nursing is still not considered to be among the better paid professions. This challenge to accessibility can perhaps be met by employers coming forward and funding the continuing education of registered nurses.

Please be sure to check out the many additional resources available on this topic online.