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October 3, 2011

3000 loan - How to pay off your student loan with ease

The first thing you have to realize is that having debt is not bad; it’s having too much debt that’s really stressful.  First of all, let me say off the bat, that expression “robbing Peter to pay Paul” is the worst thing you could do.  All that means is that you’re using credit to pay your loans, thereby increasing, not decreasing your debt.  A 3000 loan that you pay with your credit card is what I mean.  This will look like having bad credit overall to banks.  One book I would recommend as a general guide on money is; “Multiple Streams of Income” by Robert Allen.  He explains that there are 7 essential money skills, they are; value money, control it, save it, invest it, make it, shield it, and finally share it.  Now in order to realistically pay off what seems insurmountable, you must have a realistic action plan in place to attack the problem (I emphasize on “realistic”).  First, be aware of how much you owe; don’t complain or worry about this as you’re just wasting energy doing that rather put your anger or anxiety to work to empower you to action.  Next, decide on how long you want it to take you to pay it off entirely.  Lastly provide the income to make it happen.  Now I know many people have problems with producing income, be it layoffs, or unemployment, just remember as long as you’re alive, you have all the power you need to make as much money as you want.  All you have to do is make a decision, believe in yourself, and take action.

3000 loan - Fixed rate secured loans




There are all types of loans out there that provide all types of functions for specific needs.  While there is a difference between personal loans and commercial loans, fundamentally they are the same.  There are payday loans; which is basically a very short-term loan that you can use to pay bills until you get your paycheck from work to repay.  There are auto loans specifically to purchase a vehicle, and then there are different concepts within the world of credit in general.  Cash advance is a term that provides fast cash to the individual, what that means is that you are specifically borrowing from your credit (most common example are certain credit cards).  If you’re in need of a 3000 loan for any reason at all, a fixed rate secured loan could be good for you.  The most common fixed rate secured loans are home mortgages.  The loan is referred to as a “secured” loan because the bank uses the value of the property you are using as collateral against the loans.  Many people choose to take advantage of this type of loan because they are able to purchase a home that they would otherwise not be able to afford by paying a reasonable amount each month over the course of years.  Secured loans are great, you can put up an item that your purchasing with the 3000 loan and use it as collateral or put up your own; like money in your savings account for example.  As with any form of debt do not abuse this power; use it wisely after all when you mortgage your home your using leverage.  This is the same thing with mostly all credit.  If you use it to its advantage you can really grow wealth.