Personal Finance

Find expanded definitions and learn about commonly used financial terminology in this section.

Commonly Searched Topics:

• What is Credit Counseling? Learn about this type of debt consolidation / relief program, as well as the positive and negative aspects of enrolling in a debt management plan - 9/01/2012.
• What is a Secured Loan? Find out what makes these kinds of loans different from others, the pros and cons, the different types and some basic things to consider before applying for one. - 3/24/2012.

Utilities and Financial Tools:

• Mortgage Interest Savings / Amortization Calculator - Download our spreadsheet-based mortgage calculator (works with any simple interest loan) that calculates payments and savings on interest costs made possible by making extra payments over the life of your loan. Also provides monthly interest costs and principal reduction and monthly updated payoff amounts. Added on: 9/24/2012.

Content Provided by Other Sites:

The Federal Deposit Insurance Corporation (as defined by the FDIC web site) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $100,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails (Complete information about the FDIC can be found at its website: fdic.gov) They offer a quarterly newsletter that focuses on a wide range of financial topics and money management issues. Information on the FDIC Newsletters.

OneMain Financial (formerly Citifinancial) has more than 1,300 local branch offices in neighborhoods across the U.S. and Canada. Review credit management tips that help you answer the questions of when and if you should use credit and what to do in case you are having trouble making your payments.

Debt Consolidation Loan's Contributing Authors:

Jonathan Kolanowski - Co-founder of Infinamic, Inc. and editor / author of the Debt Consolidation Loan Directory, Jonathan Kolanowski has a history in mortgage finance and banking with experience dealing with Internet-related issues, such as consumer protection and fraud prevention.
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Roy C. Bodinus - A principal at CBG & Company, Inc. Roy C. Bodinus, specializes in offering investment advisory services to dentists seeking to maximize their return potential while controlling the risk in their investment portfolios. He serves as a guest columnist for the Debt Consolidation Loan Directory on investing, personal saving and finance related topics.