Category: Credit Cards

Does Refinancing Make A Difference?

In this article we answer the question “does refinancing make a difference?” More importantly, we illustrate how much of a difference it can make. We will use a physical therapist (we will call her Rachel) who recently graduated with her D.P.T. as an example. Rachel has a $50,000 private loan that has an interest rate of Read More …

Refinance, What Does That Mean? Part 2

Does My Rate Always Drop If I Refinance Student Loans? Refinancing your student loans is always encouraged by financial “professionals.”  However, three circumstances have to happen for you to have the ability to refinance. Your financial situation has to improve.  In finance, we say that “you are now more credit worthy.”  When you initially received Read More …

Debt Consolidation, What is it?

We recently went to a conference where attendees were between the ages of 20 and 35.  We asked them, “What words do you often hear associated with debt that you are the most confused about?” The answer: What is debt consolidation, what is refinancing, and what is the difference between the two?  This age demographic Read More …