Definition Of Terms
Term In Months
Number of months with lowered interest rate which comes with a consolidation loanTerm In Months
Loan Payment
Monthly payment for your loan
Loan Amount Owed
Aggregate remaining loan balance not yet paid
Interest Rate
Yearly rate of interest for the consolidation loan
Up Front Costs
Fees needed to be paid to the debt consolidation firm before any action is taken by them, including appraisal fees...
Income Tax Rate
The addition of both state and federal income tax, for the purposes of calculating income tax savings when under a home equity loan.
Credit Card Rate
Yearly interest rate to be paid on the remaining credit card balance
Credit Card Balance
Outstanding balance not withstanding finance charges