New Loan Tips and Advice Center

The latest addition to the constantly expanding e-wisdom.com knowledge base is our loan tips and advice center. This comprehensive area has answers to common questions about various types of mortgage loans, home equity loans, auto loans, and more.

Topics include:
· About Auto Loans
· About New Mortgage Loans
· About Refinance Mortgage Loans
· About Home Equity Loans
· Loan Terminology
· The Loan Process Explained

This new tips and advice center, along with our easy-to-use loan calculators and other useful tools and resources can help you in your loan decision-making process. Make your next loan decision a knowledgeable one.

Posted in Site Updates, Loans, Personal Finance | Permalink

Three New Auto Loan Calculators

We just added three new auto loan calculators to help out with the decision-making processes that will go along with your next automotive purchase or lease. With these tools, you can easily analyze your different auto loan options and find out what might be the best decision for your specific financial situation before visiting the car lot.

Monthly Auto Loan Payment Calculator
How much will your monthly auto loan payment be with different cars?

Auto Rebate vs. Low Interest Financing Calculator
Should you go for the cash back rebate offer or the low interest financing offer?

Auto Lease vs. Buy Calculator
Is buying or leasing the wisest choice?

And once you have determined what might be the best route to take, you can always compare auto loan providers to find out what options might be available in your state. Make your next auto purchase or lease a knowledgeable one and drive away happy.

Posted in Site Updates, Loans, Personal Finance | Permalink

FICO credit score uses a new scoring model

A recent article detailed changes that Fair Isaac Corporation, the creator of the well-known FICO credit score, made to it’s credit scoring model. The article talks about how the new scoring model for the FICO credit score, which is used by many lenders to judge applicant quality, will attempt to better predict those who are more likely to default on a loan.

Full article: FICO Credit Score Gets Makeover

The new scoring model should be in use by Spring of 2008, and, once the new model is in place, some consumers could feel the changes when applying for a credit card or a new loan.

It’s always wise to stay on top of your finances and be fully aware what is and is not listed on your credit report. Keeping tabs on the overall state of your credit as well as your current credit score can greatly benefit you when the time comes to apply for a new loan. If there is an error or mistake you can correct it before it has a chance to affect your next loan terms.

Did you know that once per year, consumers can request a free copy of their credit report? Read this for more information about this guaranteed right.

Posted in News, Credit Cards, Loans, Miscellaneous, Insurance, Personal Finance | Permalink

Credit Cards That Give Home Improvement Rewards

We have introduced a new category of credit cards to make your credit card search as quick and easy as possible. Home improvement reward credit cards offer reward programs to cardholders that are geared toward home improvement rewards and rebates.

There are two main “types” of home improvment credit cards:

1. Credit cards that allow cardholders to accumulate reward points that can be used to redeem home-improvement related rewards. For example, a credit card may have a reward program in which cardholders accumulate points that can be redeemed for home improvement store gift cards, actual physical home improvement goods or home mortgage rebates. This example is purely hypothetical.

2. Credit cards that allow cardholders to earn additional rewards or rebates for “home improvement” purchases. For example, a cash back credit card may offer 1% cash back on all purchases, while offering an additional 1% cash back (for a total of 2%) on purchases made at home improvement stores. Again, this example is purely hypothetical.

Make your next credit card decision a knowledgeable one. A well-picked credit card reward program can be very valuable to a cardholder, as long as that cardholder uses the card responsibly and makes all payments on time. See our rewards categories breakdown for more information about different types of credit card reward programs or visit our credit card tips and advice for answers to common questions about credit card reward programs.

Posted in Site Updates, Credit Cards, Personal Finance | Permalink

Analyze Your Budget as a Full-Time Student

Our new student budget calculator allows students to determine a reasonable budget as a full-time student. This calculator is specifically designed to help students understand their expenses and income while attending a university, college or other educational institution.

To begin, students input estimated expenses and income for an eight-month school year running from September through April. This calculator allows students to estimate the cost of school expenses, food, entertainment, travel, clothing, and other miscellaneous personal expenses.

These expenses are then measured up against the total of all expected income and contributions. This will allow the student to see if he/she needs to make any adjustments to estimated expenses or seek additional funds via student loans or other sources.

See also:
· Student Loan Consolidation and Debt Payoff Calculator
· Student Loans: Compare Lenders
· Student Loan Tips and Advice
· Credit Card Offers for Students

We have a variety of resources available to students. For additional information about any topic, visit our knowledge center, where you will find various tools and resources to help in the decision-making process.

Posted in Credit Cards, Loans, Miscellaneous, Personal Finance | Permalink

Lenders are Making Some Student Loans Harder to Obtain

A recent article touched on the current state of the student loan industry and how overall market conditions are affecting it. Due to recent changes in overall market conditions, some have lenders are raising rates and fees on some student loans. In addition to raising rates and fees, some lenders are simply making certain student loans more difficult to obtain.

The article also focused on the difficulties that those with less-than-perfect credit may encounter when applying for new student loans and how fears over loan defaults may be contributing to what seems to be a general tightening of standards.

» Read the full article here

Have a question about new student loans or student loan consolidation? Visit our student loan tips center or check out our knowledge center for many more loan-related tools and resources. Make your next loan decision a knowledgeable one.

Posted in News, Loans, Personal Finance | Permalink

Latest In-Depth Expert Cell Phone Reviews

Staying on top of all of the changes with the latest cell phone models and wireless trends overall can be a difficult task. Our cell phone reviews can make this process much easier.

Our in-depth reviews cover a wide variety of cell phone manufacturers, including Apple, LG, Motorola, Nokia, Palm, Samsung, and many more.

With each cell phone review, you’ll get ratings and information about:
- Design and Features
- Display and Audio
- Messaging, Internet and Connectivity
- Battery Life and Durability
- And more

Make your next cell phone purchase a knowledgeable one. View the latest cell phone reviews now, and once you have picked out a couple of possible cell phone choices, be sure to compare the phones side-by-side and find out which cell phone may best suit your specific needs.

Posted in Cell Phones | Permalink