Not exact matches
A lot
of credit card debt,
of course, has in the last
few years been shifted
over to lower -
interest lines
of credit, usually unsecured.
Even the earnings you make
over the
course of a
year using a money market account with a two or three percent
interest rate can be wiped out with a
few bad fees.
Over the last
few years they have trickled away, being bought,
of course, by those who have an
interest in this particular subject.
Finally, to avoid committing all your funds when
interest rates (and annuity payments) are at or near a low point, consider investing smaller amounts
over the
course of a
few years rather than one large sum all at once.
A lot
of credit card debt,
of course, has in the last
few years been shifted
over to lower -
interest lines
of credit, usually unsecured.
Given that
interest rates are currently pretty low, that means that
over the
course of your five - or 10 -
year consolidation loan, your APR could increase significantly and negate the
few percent in
interest that you would have saved by refinancing.
As the end
of December, my weighted average
interest rates were 17.95 % and 15.35 % in my Roth IRA and taxable accounts, respectively, giving me the potential for high returns
over the
course of the next
few years.
true, credit counseling services can do a little harm on your credit report and you won't be able to get new credit and all
of your accounts will be closed HOWEVER, if you are on
of the millions
of people who last
year had their
interest rates jacked up to 29 - 30 % for no reason what so ever, then a credit counseling program will get your
interest rates to a MUCH lower more manageable rate and you WILL see your balances drop
over the
course of a
few months whereas you don't see your balances drop with the 29 % rate before credit counseling.
During the
course of The Lost Girls»
year - long adventure around the world, Amanda, Holly and I tallied numerous brag - worthy adventures (hiking the Inca Trail; sandboarding down mountain - sized dunes; rafting
over a 21 foot waterfall), unique cultural experiences (capoeira classes in a world - renowned Mestre Bimba academy; initiation into the Kenyan Maasai tribe; a homestay in a Hmong village) and a
few near - misses to keep things
interesting (getting stranded in Peruvian desert / hitchhiking a ride from a priest in a minivan; foiling the dastardly attempts
of bag - slashers in Vietnam and Thailand; breaking embassy records for successfully begging for last minute visas).
The most exciting thing is we'll get a chance to see the relative strength
of all
of these
over the next
few years, and it will most
interesting to compare the total decade
of 2010 - 2019 to previous decades in terms
of the trends in Arctic Sea ice, Global Temps, and
of course, OHC.
So
over the
course of a
year, for that $ 10k LOC, assuming $ 4k income and $ 3k expenses, for a $ 250k mortgage at 5.25 %, you pay about $ 13k in
interest on the mortgage payments (first
year of mortgage) vs only a
few hundred dollars on the LOC.