Changes

{{Infobox_Company  

{{Infobox_Company Share

|  company_name  = [[Company_Name:=Loan Consolidation]]

|  company_name  = [[Company_Name:=Loan Consolidation]]

|  company_logo  =  

|  company_logo  =  

|  foundation    = [[Year_Started:=2007|[[2007]]]] |

|  foundation    = [[Year_Started:=2007|[[2007]]]] |

   founder = [[Directory:garrett Minks|Garrett Minks]] |

   founder = [[Directory:garrett Minks|Garrett Minks]] |

  location    = {{flagicon|US}} [[City:=Houston|[[Directory:Houston, Texas|Houston]]]], [[State_Name:=Texas|[[Directory:Texas|Texas]]]], [[Country_Name:=United States|[[Directory:United States|USA]]]] |

  location    = {{flagicon|US}} [[City:=Houston|[[Directory:Houston, Texas|Houston]]]],  

[[State_Name:=Texas|[[Directory:Texas|Texas]]]], [[Country_Name:=United States|[[Directory:United States|USA]]]] |

  key_people  = [[Key_Person1:=Garrett Minks|[[Directory:Garrett Minks|Garrett Minks]]]], [[Key_Person1_Title:=CEO]]<br> |  

  key_people  = [[Key_Person1:=Garrett Minks|[[Directory:Garrett Minks|Garrett Minks]]]], [[Key_Person1_Title:=CEO]]<br> |  

industry    = [[NAICS_Code1_Title:=Loan Consolidation|Loan Consolidation]]|

industry    = [[NAICS_Code1_Title:=Loan Consolidation|Loan Consolidation]]|

  footnotes =

  footnotes =

}}

}}

 

'''[[keyword:=Loan Consolidation|Loan Consolidation]]''' [[keyword:=Student Loan Consolidation|is]] [[keyword:=Collegeg Loan Consolidation|the]] [[keyword:=school consolidation|definitive]] listing on the internet for all of your loan consolidation needs. If you would like to advertise with ''Loan Consolidation'' and <adsense>

google_ad_client = "pub-3695520715701375";

google_ad_output = "textlink";

google_ad_format = "ref_text";

'''[[keyword:=Loan Consolidation|Loan Consolidation]] [[keyword:=Student Loan Consolidation|is]] [[keyword:=Collegeg Loan Consolidation|the]] [[keyword:=school consolidation|definitive]] listing on the internet for all of your loan consolidation needs to helpy you quickly and intelligent get out of debt and start on the path to [[keyword:=financial indepedence|financial independence]].'''

google_cpa_choice = "CAAQhOSQ_QEaCJ0mn-838cQbKKjntoQB";

google_ad_channel = "7158149505";

{| width="60%" cellpadding="5" cellspacing="10" style="background:#FFFFCC; border-style:solid; border-width:2px; border-color: #cccccc"

</adsense>

| width="55%" valign="top" style="padding: 0; margin:0;" |

 

<div style="float:right; width:100%">

==Sponsored Resources==

==Sponsored Resources==

<center>

<center>

<adsense>

<embed>

google_ad_client = "pub-3695520715701375";

google_ad_width = 336;

<script type="text/javascript">

google_ad_height = 280;

  var AdBrite_Title_Color = '000000';

google_ad_format = "336x280_as";

  var AdBrite_Text_Color = '000000';

google_ad_type = "text_image";

  var AdBrite_Background_Color = 'FFFFFF';

//2007-03-06: Centiare

  var AdBrite_Border_Color = 'FFFFFF';

google_ad_channel = "0332613634+9342341772";

</script>

google_color_border = "336699";

<script src="http://ads.adbrite.com/mb/text_group.php?sid=329285&zs=3330305f323530" type="text/javascript"></script>

google_color_bg = "FFFFFF";

<div><a target="_top" href="http://www.adbrite.com/mb/commerce/purchase_form.php?opid=329285&afsid=1" style="font-weight:bold;font-family:Arial;font-size:13px;">Your Ad Here</a></div>

google_color_link = "0000FF";

google_color_text = "000000";

</embed>

</adsense>

</center>

</center>

 

==Debt Consolidation==

==Debt Consolidation==

'''Debt consolidation''' entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house. In this case, a mortgage is secured against the house. The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.

'''Debt consolidation''' entails taking out one loan to pay off many others. This is often done to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house. In this case, a mortgage is secured against the house. The collateralization of the loan allows a lower interest rate than without it, because by collateralizing, the asset owner agrees to allow the forced sale (foreclosure) of the asset to pay back the loan. The risk to the lender is reduced so the interest rate offered is lower.

Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.

Sometimes, debt consolidation companies can discount the amount of the loan. When the debtor is in danger of bankruptcy, the debt consolidator will buy the loan at a discount. A prudent debtor can shop around for consolidators who will pass along some of the savings. Consolidation can affect the ability of the debtor to discharge debts in bankruptcy, so the decision to consolidate must be weighed carefully.

 

==Student Loan Consolidation==

==Student Loan Consolidation==

 

In the [[Directory:United States of America|United States]], federal student loans are consolidated somewhat differently, as federal student loans are guaranteed by the U.S. government. In a federal student loan consolidation, existing loans are purchased and closed by a loan consolidation company or by the Department of Education (depending on what type of federal student loan the borrower holds). Interest rates for the consolidation are based on that year's student loan rate, which is in turn based on the 91-day Treasury bill rate at the last auction in May of each calendar year.

In the [[Directory:United States of America|United States]], federal student loans are consolidated somewhat differently, as federal student loans are guaranteed by the U.S. government. In a federal student loan consolidation, existing loans are purchased and closed by a loan consolidation company or by the Department of Education (depending on what type of federal student loan the borrower holds). Interest rates for the consolidation are based on that year's student loan rate, which is in turn based on the 91-day Treasury bill rate at the last auction in May of each calendar year.

Because of the theoretical advantage that debt consolidation offers a consumer that has high interest debt balances, companies can take advantage of that benefit of refinancing to charge very high fees in the debt consolidation loan. Sometimes these fees are near the state maximum for mortgage fees. In addition, some unscrupulous companies will knowingly wait until a client has backed themselves into a corner and must refinance in order to consolidate and pay off bills that they are behind on the payments. If the client does not refinance they may lose their house, so they are willing to pay any allowable fee to complete the debt consolidation. In some cases the situation is that the client does not have enough time to shop for another lender with lower fees and may not even be fully aware of them. This practice is known as predatory lending. Certainly many, if not most, debt consolidation transactions do not involve predatory lending.

Because of the theoretical advantage that debt consolidation offers a consumer that has high interest debt balances, companies can take advantage of that benefit of refinancing to charge very high fees in the debt consolidation loan. Sometimes these fees are near the state maximum for mortgage fees. In addition, some unscrupulous companies will knowingly wait until a client has backed themselves into a corner and must refinance in order to consolidate and pay off bills that they are behind on the payments. If the client does not refinance they may lose their house, so they are willing to pay any allowable fee to complete the debt consolidation. In some cases the situation is that the client does not have enough time to shop for another lender with lower fees and may not even be fully aware of them. This practice is known as predatory lending. Certainly many, if not most, debt consolidation transactions do not involve predatory lending.

[[Category:Houston Area Business]]

[[Category:Houston Area Business]]