Finance, Loan, Debt and Credit.

March 31, 2017

Need A Student Loan? Three Kinds Of Student Loan For You

Filed under: Student — Tags: , , — admin @ 12:46 pm
Students and parents who must deal with the high cost of a college education have available to them a wide range of student loans. This article offers details on three general types of student loans.

Federal Stafford Loans

Unlike other student loans, application for a specific Stafford Loan should be preceded by the filing of a Free Application for Federal Student Aid (FAFSA). The FAFSA application should be made in the name of the aspiring student.

The process of applying for a Stafford Loan differs in a second way from the application process for other student loans – and application for a Stafford Loan does not require a credit check.

There is no uniform method for the delivery of money from a Stafford Loan. Some students get the money directly from their school; other Loan recipients get the money from a bank or other lender.

Signature Student Loans

In order to get a Signature Loan, a student must attend a four year or two year school on at least a half time basis. That student must also meet certain credit criteria. Like some other student loans, application for the Signature Loan permits the use of a co-signer.

In fact, there is a real advantage to applying for a Signature Loan with a co-signer. That process can lead to a reduction in the interest on the loan. And, if after graduation, the student then makes 24 successive payments, the co-signer is removed from responsibility for covering the loan expenses.

If a students plans to go to a community college, then he or she ought to consider getting a Signature Loan. Unlike other student loans, the Signature Loan rewards student applicants who have a good credit rating. Those applicants can get a lower interest rate or a lower application fee.

Tuition Answer Loans

While the student loans discussed so far have all been Federal Loans, the Tuition Answer Loans involve the loaning of private money. Money from Tuition Answer Loans normally goes to credit-worthy parents or students. The providers of Tuition Answer Loans do not feel that every student at a U.S. college is entitled to such a loan.

So, in order to get a Tuition Answer Loan, both the borrower and the student must have a Social Security number. Both the borrower and the student must be U.S. citizens, or be permanent residents. And finally, both the borrower and the student must have good credit.

Other Private Loans

A student planning to pursue a particular career should study the Career Training Loans. Like the student loans discussed in the above section, Career Training Loans are private and credit-based loans.

They allow a student to get money for either classes at a trade school, or classes taken online. The school attended by the student must, however, have a license from the state in which it operates.

Students who want to go after training in cosmetology or massage therapy do not have to forgo the chance to get a student loan. For them Career Training Loans are perfect. Those loans can also help a student who wants to become an MRI technician.

They are the sort of student loans that are ideal for anyone who wants to study on the job.

Alternative Student Loans – For When Funding Is Difficult

Such loans can fill a funding “gap.” Often such a “gap” is created when a student is awarded a Stafford or Perkins loan, and then realizes that the amount in the loan does not fully cover all of the student’s expenses.

The Lenders of Alternative Student Loans

Most lenders have put their loan applications online. Those applications are for secured loans. The lenders thus seek some “security” when providing a student with loan money.

Students can easily download an application for one of the many loans available. Once downloaded, the application can be filled out and sent to the prospective lender. One word of warning: Students should study the details of any loans before submitting any application.

The lenders of the private, alternative student loans hope to profit from their ability and their willingness to loan money to college students. As a result, they often attach stiff fees to the loan.

Those fees are sometimes paid at the time of the loan application. In other instances, lenders have added those fees to the interest rate for the student loan.

Comparing Different Alternative Student Loans

Students who want to compare the offering of the various lenders might feel like they are comparing “apples and oranges.”

Students might wonder how a high fee and lower interest compares to a low fee and a higher interest rate. Students should remember this: a 3% fee is equal to a 1% rise in the interest rate. When keeping those facts in mind, students can better compare the various types of student loan.

Students might also consider how quickly they can obtain the loan. The Act private loans are fast, and they do no require the completion of a FAFSA. Still, students should take note of the fact that awarding of the Act private loans is based on the applicant’s credit.

Different lenders have different repayment options. The student in need of a loan should study those options. An ideal lender is willing to defer payment until after the student has graduated.

Some lenders, such as Astrive, give student loan recipients an opportunity to refinance any of their loans.

The Best Time to Go After Alternative Student Loans

Unlike a lot of student financing, the money for the alternative student loans is sent directly to the student, not the institution that he or she is attending.

Students are not encouraged to look at an alternative student loan as a “first choice,” when searching for a way to pay for a college education.

Not infrequently, a student with a Stafford Loan will “max out” on that loan while still in school. If he or she hopes to continue and finish his or her education, then that student needs to look at the alternative to the loan they first thought of.

The same student might also want to consider getting a PLUS loan.

March 30, 2017

Federal Stafford Student Loans From Nextstudent Have Great Incentives On Already Low Rates

Filed under: Student — Tags: , , , , — admin @ 12:46 pm
After exhausting all forms of “free money” for college, such as scholarships and federal grants, the next best thing for students are federal student loans (http://www.nextstudent.com) to help them pay for school. Federal Stafford student loans have low interest rates and are more appealing when they feature benefits and incentives, according to NextStudent, the Phoenix-based premier education funding company.

It is becoming much more difficult for some students to imagine their dream of a higher education, as college costs increasingly are on the rise along with the cost of tuition and other expenses. NextStudent believes that student loans (http://www.nextstudent.com/student-loans/student-loans.asp) should not be an extra burden to already cash-strapped college students, so the company offers incentives to make payments easier and more manageable.

. Federal Stafford loans do not require collateral or a credit check and payment is postponed until after graduation. There are no guarantee fees and students do not need a co-signer, these student loans have a low interest rate of 6.8 percent and are secured by the government.

NextStudent’s Stafford Student Loan Incentives

NextStudent has professionally trained Education Finance Advisers who know all the ins and outs of the numerous student loan programs offered. They are available to assist student borrowers with all their questions about the Federal Stafford Student Loan program. Through NextStudent’s Student Loan program, student borrowers receive:

·A .375 percent reduction on their interest rate when they make payments through Auto-Debit

·A 2 percent interest rate reduction: 1 percent after the first 12 months of consecutive on-time payments, with an additional 1 percent rate reduction after 24 months of consecutive on-time payments

·A 2 percent upfront cash rebate, whereby borrowers receive the full amount they qualify for at disbursement. Borrowers must participate in Auto-Debit and make one on-time monthly payment to qualify.

Types of Stafford Student Loans

There are two types of Stafford student loans: subsidized and unsubsidized. To qualify for a subsidized Stafford student loan a student must show financial need. The government pays the interest while a student is in school and during grace periods and deferment. With unsubsidized Stafford student loans, students are responsible for the interest; however, payment is deferred until after graduation. All students are eligible for unsubsidized Stafford loans.

Eligibility

Federal Stafford loans are eligible for federal student loan consolidation (http://www.nextstudent.com/) . There are no prepayment penalties. Repayment typically starts six months after graduation. In addition, there are alternate available repayment options, including deferment and forbearance.

In order to be eligible for a federal Stafford student loan, borrowers must either be enrolled at least half time in a degree or certificate program, a citizen of the United States or an eligible noncitizen, current on existing federal education loans, and a high school graduate or have an equivalency diploma.

Federal Stafford student loans are affordable and can help students get through college without the worry of paying back student loans until after graduation. NextStudent’s program offers a variety of incentives to make these student loans even more affordable and manageable. There is no reason not to take advantage of a great deal that helps students obtain their dream of a college education.

NextStudent offers one-on-one education finance counseling and has a portfolio of highly competitive education lending products and services including an online scholarship search engine, low and no-cost federal student loans ( http://www.nextstudent.com/ ), parent loans, private loans, student loan consolidation programs (http://www.nextstudent.com/consolidation_loans/consolidation_loans.asp) and college savings plans.

The NextStudent Scholarship Search Engine, one of the nation’s oldest and largest scholarship search engines, is updated daily, available free of charge, completely private and represents 2.4 million scholarships worth $3.4 billion.

For more information about NextStudent and its student loan programs, please visit the company’s Web site at http://www.nextstudent.com/.

Nonprofit Debt Consolidation

Nonprofit Debt Consolidation

Seeking the help of nonprofit debt consolidation companies can certainly help you dig your way out of debt.  In this article we’re going to explain what nonprofit debt help is really all about and what you can expect from any company offering debt consolidation services.

So what exactly is prompting so many Americans to seek the help of a nonprofit debt consolidator?  Well for one, personal debt for many Americans continues to rise.  In fact, according to recently published debt statistics, about 4% of Americans carry more than $10,000 in credit card debt and all Americans owe an astounding $832 billion on their credit cards.

And while not everyone agrees that this kind of debt is necessarily a bad thing from a macroeconomic level, at an individual level things are different.  In fact, the sudden loss of a job or other source of family income can mean the difference between debt that is manageable and debt that’s out of control.

So as people find themselves faced with difficult choices, they are seeking out the help of debt consolidators.  These same individuals have a sense of security that those helping them with their debt problems are associated with a not-for-profit organization.

In order to find out if an organization is considered a nonprofit debt consolidation service provider, the first thing you should look for is a statement concerning its nonprofit status.  Specifically, the organization should be making some reference to achieving IRS 501(c) (3) non-profit charitable organization status.  Most online websites would typically have this kind of information in their “About” section.

This is an important piece of information to start with.  If a company is claiming to offer a nonprofit debt service, then at the very least they should demonstrate that the federal government recognizes their nonprofit status.

There are a number of warnings we gave out in that article that are worth talking about here.  We’re going to talk about this as we are walking through the steps a typical nonprofit organization might take you through.

If any debt consolidator claims that they can restore your credit ratings immediately you need to be very skeptical of this claim.  Credit reports are based on past payment habits which is referred to as your credit history.  There are basically three credit reporting agencies that gather information from creditors and compile a report for individuals.  Credit reports contain credit scores which are a measure of how well an individual pays their bills.

Since credit reporting agencies use automated mathematical equations to calculate credit scores, there is very little anyone can do to help with an individual’s score – except to help find errors on the report.  Nonprofit debt consolidation companies will help you to understand the credit scoring process, they can coach you on how to improve your credit score in the future, and they can help you to get errors cleaned up.

But fixing errors appearing on your report is the only way that you can restore credit in the short term.  If a debt consolidation company claims to be able to do more than that, you need to be skeptical of their services.

Most nonprofit companies will offer debt or credit counseling for free.  This is an important step in staying debt-free in the long term.  Often times families fall on hard times as a result of an emotional event that someone has experienced.  Debt counseling can help figure out if the family needs help that goes beyond financial planning.  If that is true, then the counselor will often make a referral to a local social services organization.

If you are seeking the help of a nonprofit debt consolidation company, then their services should go beyond just finding you a consolidation loan.  Their goal should be that same as yours – getting debt under control in the short term and staying out of debt over the long term. That’s why most good debt counseling will also introduce the concept of budgeting.  They’ll also help you to put together what’s called a debt management plan.

The most important service offered by the nonprofit organization should be to find you a debt consolidation loan that you can live with.  Here is where some more serious warnings come into play.  You need to understand if or how much of your monthly debt consolidation loan is acting like a donation to the nonprofit organization.

True nonprofits will ask individuals to pay very low fees or none at all.  Just because the company claims to be nonprofit does not mean you should not shop around to make sure you are getting the best deal on your consolidation loan.

Finally, remember that debt consolidation often involved turning an unsecured loan – such as credit card debt – into a secured loan.  That means you will need to supply collateral with your loan and that will most likely be your home.  So while the payment terms may be much more to your liking with a consolidation loan, it also means that you carry a much larger risk if you default on your loan – you could lose your house.

March 29, 2017

Online Application | Kansas City Royals® Extra Bases® Credit Card

Filed under: Credit — Tags: , , — admin @ 12:46 pm
The Kansas City Royals® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America.    (www.royalscreditcard.com).   This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country.  Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards.  These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty —  are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball.  Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times.   With the MLB™ Extra Bases™ credit card, Royals fans can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card with pride.  Visit www.royalscreditcard.com to complete the credit card application online in a few short minutes.

Best Credit Repair Services

Filed under: Credit — Tags: , , , — admin @ 12:47 am
Best Credit Repair Services | The 7 Unrevealed Secrets to Radically Raising Your Credit In 17 Days

One thing that many people do that is stupid in the credit world is to trash credit card offers. The reason is that this is a method of raising the credit limit of the person overall and can also give a credit history a boost in the arm. This can also tempt more preferred credit companies and also in turn raise the overall limit of the person as much. So, this way people are improving their finance with best credit repair services.

The main reason that many people trash credit card offers is that they are afraid that they will put themselves into an even bigger dilemma than they are in or might fall into. The answer with this is to get the cards and to put them somewhere they will not get any use. This will ensure that there is no possibility in the eyes of the person and that the boundary persists.

Some have used the cards for small purchases as this shows that they are willing to use best credit repair services, and will only use amounts they know they can pay withina month. This way they can use the card and also pay off the amount before it becomes an issue. Others have used the cards for smaller amounts and just paid the minimum to show that they can have a balance and are able to afford it. Both are good methods of ensuring good credit as long as the payments are made on time. Ideally, if there is any doubt if the amount can be paid, then the person should refrain from making a purchase with the card. Along the way, they can benefit from best credit repair services.

Credit is a paramount standard that impacts most areas of people’s lives and as such should be dealt with accordingly. The ceiling of the overall credit amount is a good way of raising one’s credit, but be sure that you know exactly what you are getting into. Also, make sure to store all the records for each one in an organized fashion so that you recognize what you have and where you stand with each card that you may have. It is a setback to get many cards with high limits if you can’t afford payments or are not taking the responsibility seriously. This is where self restraint can play a bigger role in raising the credit limit roof and also your credit background.

To learn more about The 7 Unrevealed Secrets to Radically Raising Your Credit In 17 Days read this article right now: www.CreditScoreMakeover.com – Best Credit Repair Services

March 28, 2017

Tips for Improving Your Credit Score

Filed under: Credit — Tags: , , — admin @ 12:48 pm
The first thing you need to do in order to improve your credit score is to find out what information the credit companies have in your account. Once you have all the information you can devise a plan on what to do to increase your score. There is no better place to find out the information from the credit companies than www.creditscoremonster.com.

There is no sure fire way to increase your score quickly but there are things that you can start doing immediately that will help in the long run. One of the main things that you need to do to increase your score is to start paying your bills on time, every time. Remember that some companies have grace periods but they vary and they may report a late payment even though it was only a day late. This is why it is critical to get your payments there on time.

Keeping your account balances low will also help increase your score. One trick that you can do is to move your balances around and spread the debit among all your credit cards. It does not help to have one card almost maxed out and several cards with no balance at all. Evening out your usage is beneficial when calculating your credit score. You are not spending less just spreading the debit out.

There are some common sense ways to improve your credit score. One for instance is to pay down your debt. This does not mean closing out accounts. You do not want to close your accounts, just pay them down. When the score is calculated it looks at how much available credit do you have compared to how much credit you are carrying. If you close accounts it reduces the amount of available credit to you so the same amount of debt effects the calculations differently.

Fix the errors you have found on your credit reports. Look for accounts that aren’t yours, late payments that are not late and debts that you have paid off that were not removed from your account. Some companies are quick to report deficiencies to the credit companies but take their time removing bad marks from your record. It is up to you to watch this and ensure that your information is kept up to date and clean. You do not need to hire a company to help remove bad items from your accounts. Credit Score Monster has links available to start the process of contesting items on your reports.

Remember the first thing you have to do in order to clean up your credit reports is to get that information in your hand. Without know what your scores are there really is no sense in trying to clean up your records. Purchase your three credit reports from Credit Score Monster to get you on your way of increasing your credit scores and ultimately saving you thousands of dollars on your next major purchase.

Good Student Credit Card Offers | Apply Online

Filed under: Credit — Tags: , , — admin @ 12:47 am
Visit www.goodstudentcreditcard.com where students can compare and apply for student credit cards online.  Conscientious credit card usage can result in decades of low-interest rate loan opportunities.  In spite of their minimal income and limited credit history, good students enrolled in colleges and universities from state to state are regularly given the valuable opportunity to receive a credit card to start building a strong credit history.  This is a valuable opportunity that should be taken seriously, particularly in light of the enduring credit crisis which has made it difficult for many working people with established credit records to receive new credit cards, auto loans and mortgages.  

Student credit cards issued by Discover and Capital One are specifically tailored for student applicants.  Some of the features offered by these credit card issuers include:

•           No Annual Fee

•           0% Interest for a fixed period of time

•           Cashback Bonuses

•           $0 Fraud Liability Guarantee

During this period of economic recession, erratic swings in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – students should be given an opportunity to build a strong credit history early.  Responsibility is essential.  It is important to remember that if you do not have enough saved to pay cash for something you want, you should consider saving until you do.  Credit cards are most beneficial when you can afford to pay your balance in full every month.  In these uncertain economic times, where credit is getting more difficult to come by, it is important to create a strong credit profile by establishing credit early and maintaining a consistent payment history.  Student credit cards issued by Discover and Capital One are tailored for student applicants. 

Visit www.goodstudentcreditcard.com to apply online in a few short minutes.

March 27, 2017

Online Application | Chicago Cubs® Extra Bases® Credit Card

Filed under: Credit — Tags: , , — admin @ 12:46 pm
The Chicago Cubs® team logo can now be featured on the Major League Baseball™ Extra Bases™ Credit Card issued by Bank of America. (www.cubscreditcard.com).   This rewards credit card is scoring big with avid baseball fans and credit card consumers across the country.  Like many department stores, colleges and airlines have done for decades, Major League Baseball™ teams are now being displayed on consumer credit cards.  These sports oriented rewards credit cards — a great way for fans to express their undying team loyalty —  are proving to be a home run in the credit card industry.

Features offered by the Major League Baseball™ Extra Bases™ Credit Card from Bank of America include:

•           No annual fee.

•           0% introductory Annual Percentage Rate (APR) on balance transfers and cash advance checks for your first 12 billing cycles.

•           Earn 1 point for every net retail dollar spent redeemable for MLB™ autographed memorabilia, once-in-a-lifetime MLB™ experiences, cash rewards and travel with no blackout dates.

•           Get an official MLB™ licensed jersey after your first qualifying transaction(s) using your MLB™ Extra Bases™ credit card.

During a period of economic instability, uncertainty in the stock market, illiquidity in the credit markets and the softening real estate market, one thing remains constant – sports fans are crazy about Major League Baseball.  Historically, baseball has given the public something to believe in and something to hope for, particularly during difficult economic times.   With the MLB™ Extra Bases™ credit card, Cubs fans can be reminded of their favorite team every time they take out their wallets.  Real fans carry the card with pride.  Visit www.cubscreditcard.com to complete the credit card application online in a few short minutes.

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