Finance, Loan, Debt and Credit.

February 12, 2018

Credit Card Debt Help From Government – Is It Real?

With so many government programs being passed in recent months, it’s quite likely that you’ve started to hear about credit card debt help from the government.

However, you may be wondering if it is real. People who are in significant debt have probably received solicitations encouraging them to use a particular debt relief program. What exactly is being offered and can it help your situation?

Hector Milla Editor of the “Credit Card Debt Counseling” website — – pointed out;

The Scoop on Government Programs

“…There are definitely government sponsored programs that are being put into place to help Americans get out of debt. While you can probably feel confident that these systems will do what they claim for the average user, they really don’t offer a lot more than what you can do for yourself. By calling your credit card companies yourself, you can usually receive an offer to settle credit card debt for about 40% of what you owe. Because there is no middle man, you will not have to pay any fees or accompanying costs. With government options, they will take their cut like any other company would…”

Is It Any Different Than Other Settlement Programs?

Using a government sponsored program doesn’t really offer you any advantages over standard debt settlement companies. The creditors are being encouraged to balance books in any way that they can and they will talk with the settlement company of your choice just as readily as a government agency. Also, most consumers are well aware that the government isn’t known for efficiency. A dedicated business, on the other hand, can not function unless it does things right.

What Other Help is There?

Besides using a credit card debt help that is directly sponsored by the government, there are several hidden advantages to the central involvement in financial affairs. First, because of bail out plans, every creditor has a distinct incentive to cut you a deal by the government’s encouragement. There also may be grants that are available that can be used to pay off consumer debt. However, they aren’t listed as such and you’ll need to search deep to find those opportunities. Finally, the government is attempting to invest in the economy and create jobs and that may lead to less consumer debt overall, if the plan is effective.

What Can I Do On My Own?

The good news is that you aren’t at all limited to the options that are being put forth by the federal government. You can still create and implement your own plan. This may include using your own middle man to negotiate payments and settlements. With enough persistence, you can also deal directly with the credit card companies and get good results from those efforts.

“…There are definitely real options that the government is offering for credit card debt help. However, they aren’t necessarily better or more lucrative than other readily available methods that you can take advantage of…” added H. Milla.

Further information about trusted and reputable companies for credit card debt settlement by visiting;

Hector Milla runs his corporate website at where you can see all his articles and press releases.

September 5, 2016

Government Debt Consolidation Loans – Consolidate Your Federal Student Loan Debts

Filed under: Loan — Tags: , , , , , , , , — admin @ 12:48 am

Government Debt Consolidation Loans – Consolidate Your Federal Student Loan Debts

Are your debts becoming too much of a burden for you? Well, your country can help you deal with this crisis in the form of government debt consolidation loans.

Although, there are many debt consolidation loans that you can consider to can help pay multiple creditors through a single monthly payment. Your best option still may be the several government backed debt consolidation loans that the federal government offers its citizens due to various reasons.

What are Government Debt Consolidation Loans?

These loans are made available by the federal government to help you pay multiple loans and creditors using similar principles of debt consolidation like any other private program. The loan allows you to consolidate multiple loans into one. This way you only need to make one single payment each month rather than three or four.

As you already know, in most cases the loans are high-interest unsecured ones; therefore converting them in to secured loans is bound to be beneficial for the borrower as it leads to low interest rates. They save you money and make your financial planning and budgeting easier.

Debt Consolidation for Federal Student Loans

Students who have multiple federal student loans to fund their educational expenses can benefit from government backed debt consolidation loans. Government backed loans help make repayment of the loans feasible for student or parents – without the hassle of having to deal with multiple loan payments every month.

There are many loans offered by the government that are designed to help out students. There are two programs under the Higher Education Act (HEA) which can allow consolidation loans. One program is Direct Consolidation Loan Program and the other is FFEL or Federal Family Education Loan program.

In the program, the Direct Consolidation Loan program, the US Department of Education helps students through debt consolidation loans to pay off education loans. After that, a new loan is issued to the student which contains the consolidated amount of all the old loans.

In case of the FFEL or Federal Family Education Loan Program, the borrower is provided with a new consolidation loan which can be used to pay off any loan that the student might have and not just educational loans.

Government Student Loan Repayment Plans

The government debt consolidation loan programs offer four different plans to the borrower, they are:

1. ICR or Income Contingent Repayment plan
2. Extended payment plan
3. Graduated payment plan and
4. Standard plan

Each plan provides the borrower with different features to meet the requirements of the individual. This provides flexibility which is a key factor in any debt consolidation program.

Consolidating your debts can help simplify your repayment process, as all of your existing loans may not have similar payment dates and terms. You pay back different types of loans with the help of one single loan. The amount that you would need to pay every month should be lower and the pay-back may also get stretched to ease the repayment process. At the end of it all, getting a government debt consolidation loan also increases the chances of paying back
For more information on Debt Consolidation you can visit: Debt Consolidation Headquarters

For more information on Debt Consolidation you can visit: Debt Consolidation Headquarters

June 2, 2016

FHA Loans Backed by the Government and insured by HUD, the FHA mortgage loans is a safe secure way to buy a Florida home!

Filed under: Mortgage — Tags: , , , , , , , , , — admin @ 12:46 pm

Florida home buyers are learning the many advantages of the FHA loan programs. FHA loans were created to help increase Florida home ownership. For the Florida home buyer the FHA program can simplify the purchase of a Florida home, making financing easier and less expensive than a conventional mortgage loan product. Some highlights of the Florida FHA loan program include:

Minimal Down Payment and Closing costs.

Easier Credit Qualifying Guidelines such as:

To take advantage of the FHA program in Florida, give us a call 1-800-570-0448 begin_of_the_skype_highlighting or use our quick application to find out more about the many FL mortgage programs we can make available. Or Apply now for a FL FHA home loan.

FHA Loan Program To Buy A Florida Loan Overview

Florida home buyers can make the dream of home ownership a reality for many people who would never have thought they would qualify for the purchase of a Florida home. If you’re in the market to purchase a new or existing Florida home, the FHA home loan is a great program choice to consider.

Still not convinced? Take a look the full range of benefits you receive as a Florida home buyer just for using the FHA loan program:

We are experts in the government backed HUD insured Florida FHA mortgage program and can help guide you through the process of becoming a homeowner! Contact us today to get started!

This government mortgage program is insured by HUD and designed to make home ownership more affordable for everyone. The FHA mortgage program has underwriting guidelines that are designed to make it easier to qualify for than conventional loans. Since the the FHA home loan is government backed and insured, is comes with low interest rates and terms that are designed to protect you.

One of the most important features of the FHA loan program is the fact it does not ask that you have a great credit score to get the best rate and maximum amount financed. In fact, HUD guidelines state that a credit score should not be used as a factor in underwriting an FHA loan. What does this mean? People with lower credit scores can use the Florida FHA mortgage program to attain 96.5% financing and a great low interest rate! Have great credit? That’s OK, you’ll still get a great low interest rate and you’ll be able to finance up to 96.5% of the purchase price or appraised value, whichever is less. Try doing that with a conventional home purchase!

So what types of properties may be purchased using an Florida FHA mortgage? Almost any – single family homes, mobile & modular homes, condominiums, town homes and more. To learn more about properties you can finance with our many Florida mortgage programs.

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January 18, 2016

Credit Card Debt Help – Government Can Be Your Trusted Source

Filed under: Credit — Tags: , , , , , , , — admin @ 12:46 pm

If you happen to be looking around for sources that can help you get out of debt, then you owe it to yourself to do homework on the government’s role. For people who have racked up some consumer debt, the government is a really nice resource in this current market.

New laws have been passed recently that make it very difficult for creditors to drop the hammer on debtors and this shows what kind of commitment the government has to making sure people have options. In addition to this indirect help with getting out of debt, the government has proven to be a trusted source for direct help, as well.

Hector Milla Editor of the “Credit Card Debt Free” website — — pointed out;

Direct promotion of certain programs

“…If you visit the FTC’s website, you will find that they not only talk about ways to get out of debt, but they go so far as to promote various means of debt relief. This is a big step for an organization of that caliber and it is all listed under their consumer help section. There, the federal government lists things like debt settlement, repayment plans, and consolidation loans as viable options for people who want to get themselves out of debt more quickly than not. This is supplemented even more by the government assistance programs that have been popping up recently…”

Direct government assistance

For those consumers who have hit rock bottom, the government assistance programs are there to help. This might seem like the best and more reliable option for many and that makes a lot of sense. When you qualify for one of these programs, a government consultant will sit down with you to talk about your debt. These people are assigned to your specific case and they help you figure out the best option for your needs. As has been mentioned, the federal government wants to see people get out of debt, so they are not just sitting on the sidelines and hoping that it happens. They are out there making it happen.

“…Ultimately, you will be bombarded with many options when you are looking for debt help. The government is quite reliable and if you can manage to get on with their debt relief programs, you will be in good shape in terms of paying off those loans in a reasonable time frame. It should be obvious that not everyone will have this as an option, but concerned consumers should make an attempt none the less…” added H. Milla.

Further information about trusted and reputable companies for credit card debt settlement by visiting;

May 2, 2015

Government College Loans Canada Offers Great Opportunities For Students

Filed under: Loan — Tags: , , , , , , , — admin @ 12:46 am

If you are resident of Canada and want to continue your education, you don’t need to worry. You can avail benefits from government college loans provided by the government of Canada. These loans are offered by Canadian government in order to arrange the education of such students who are unable to meet their educational expenses due to their poor financial status. The good thing about the government college loans is that they are offered with checking your credit score and so the people of bad credit score can also apply for the government loans with ease.The government college loans are easy to avail and the whole process takes no more times because you don’t need to give any documentation proof in order to avail loans. Now you may ask me where you can apply for the government college loans. Well, the Human Resources and Social Development of Canada is a government body, which takes care of all student loans. Apart from this, you can also apply for your loans with various government and private banks and other financial institute in Canada that offer students loans. The data shows that the demand of government college loans is increasing day by day because it has plenty of advantages of students and their parents as well. Some of its great advantages are mentioned below:• The government college student loans are easy and fast in availing.• These loans need to be repaid after finishing education and getting a job.• Moreover, the government repays the interest of these loans and so you don’t have to suffer for money.• During your educational course, you are never asked to repay the loan that is really amazing.Hence, government college loans are good ways to avail education with comfort. Some particularly designed Canadian student loans have mainly low interest rates and have been made with definite groups of students in mind. Loans presented by the Canadian government are available for all who desire to acquire a Bachelor’s degree. As an alternative, loans for inhabitants functioning to find their master’s or doctorate degree are also obtainable. You can search the best option for you making a sincere research for various online lenders. Hence, apply for the government college loans at once!

February 20, 2015

Government Helps Homeowners With New Mortgage Support | Mortgage News

Filed under: Mortgage — Tags: , , , , , , — admin @ 12:46 pm

Latest forecast by the British Chamber of Commerce suggests that unemployment figures could rise to ten percent or around 3.1 million people during this year 2009. According to Credit Action personal debt in Britain today stands at almost £1.5 trillion in November and the amount of debt has surged ahead of the country’s gross domestic product (GDP) last year 2008. The Council of Mortgage Lenders had forecasted up to 75,000 homes could be repossessed in 2009 if something was not done by the government to help.

With the above in mind it is little wonder that government help is urgently required. That’s why during the last Pre-Budget report on the 2nd September, Alistair Darling announced that his Government would be providing a package to help homeowners who found themselves unemployed and struggling to pay their mortgage. He said that he was determined to support people during these difficult economic times.

The package Alistair Darling was referring to was the extension to the Support Mortgage Interest which came into effect today the 5th January 2009. This included shortening the waiting time for Support Mortgage Interest (SMI) from 39 weeks to 13 weeks and increasing the capital limit to £200,000. Today the Government is announcing that this new rule will also apply to people who are waiting now.

According to the Secretary of State for Work and Pensions, Mr. James Purnell the government has decided that they do not want a person who is unemployed through redundancy to worry about paying their mortgage. They want people who have already served 13 weeks or more of their waiting period by today the 5th January 2009 to be entitled to claim Support Mortgage Interest.

So what does all this actually mean to you and me? Well if you are unemployed through redundancy then instead of waiting 39 weeks for the government to pay just the interest on your monthly mortgage payment you would now only have to wait 13 weeks for Support Mortgage Interest to be paid by the government.

Previously Support Mortgage Interest would only have covered up to £100,000 and then on the 2nd September 2008 the government increased it to £175,000. Now under the new instructions issued by Alistair Darling at his pre-budget report he increased it to cover your mortgage up to £200,000. The standard rate of interest which is used as the basis to calculate Support Mortgage Interest has been frozen at 6.08% for the next six months.

The above scheme works well as long as your mortgage is less than £200,000 and your wife does not work or you are single. But if you are a couple where the main bread winner has been made redundant and your partner continues to work and you still cannot afford your mortgage payments then what? Also how would this ruling affect a couple who had a mortgage and a secured loan under £200,000? Previously, you would not have qualified for Support Mortgage Interest for either of these circumstances mentioned. It might be possible now to apply for Gordon Browns’ latest government incentive below.

Let’s not forget Gordon Brown recently announcement for “middle income households”. He said his government would underwrite a £1 billion scheme which he had agreed with eight of the largest mortgage lenders in principle. This scheme will be available to anyone who loses their job or suffers from a loss of income. For example: a couple where the main bread winner has been made redundant and their partner continues to work, but are struggling to pay their mortgage.

Under this scheme any household with a mortgage of up to £400,000 will be able to defer some or all of their interest only payments on their mortgage for a period of no more than two years. To further qualify for this scheme you should have less than £16,000 in savings. The terms of suspension of mortgage payments will need to be agreed between the mortgage borrowers and their Mortgage Company or bank. More information and details are required and the devil may well be in the detail.

September 2, 2014

Federal Government Student Loan Consolidation – Advantages of Getting Federal Student Consolidation Loans

Filed under: Loan — Tags: , , , , , , , , — admin @ 12:46 pm

In order to live a decent life a person needs food, employment and also education. The latter is very important because it supports the other two by facilitating their needs. That’s why students must be constantly encouraged to pursue an education program despite the costs.

To support all that, the US Government decided to offer the students a consolidated loan also known as the “federal government student loan consolidation” that will comprise other existing loans into a single one.

The Federal government student loan consolidation program was recently launched by the US Government in order to help students to graduate and to continue with higher study programs.

The consolidated loan offers nominal interest rate and will support the student with financial problems. In many families the parents or guardians cannot afford to spend that much money on education and that should not affect the child.

After graduation the student finds a job and will start paying the federal government student loan using easy instalments. This is the best option because otherwise the student would have to repay different interest rates to several lenders a few times per month.

The loan can be repaid in a certain period of time established by the student. Even if the period can go up to 30 years, it’s important to understand that longer the time period greater the amount to be reimbursed.

The Federal government student loan involves no hefty loan processing fee and the student can pay the monthly instalments using flexible schedules. The fixed interest rate is the average of the total interest rates of all previous loans rounded off to only 1/8th of the percentage.

Even if a student has a bad history with default payments, he will still be eligible for the consolidated federal loan. Last but not least, there is no minimum limit for the loan amount.

So if you are having difficult repaying your various student loans, why not consider consolidating them into one government student loan.

September 1, 2014

Government Approved Mortgage Loans

Filed under: Mortgage — Tags: , , , , — admin @ 12:47 am

What kinds of government approved mortgage loan programs are available for the lender today? There are actually more programs available today than any other time in recorded mortgage history; and the ability to qualify for these programs is an all-time high.
In this article were going to take a look at FHA, VA, Fannie Mae, Freddie Mac, the HECM, and the SNAP programs available thanks to government regulation of funding.
And FHA mortgage is the term used to describe a direct primary market lending product. What are FHA loans and how do you apply? Your options for application now are through an approved lender, or via the Internet.
FHA, or the Federal Housing Authority was established in 1934 as a part of Franklin D. Roosevelt’s ‘New Deal’. It was the president’s plan to help the country get back on its feet at the end of the Great Depression. FHA loans with a way to provide the funds needed to construct low income housing and provide Americans with the dream of home ownership.
It worked, tremendously well and in 1965, the FHA became a part of the Department of Housing and Urban Development. In the decade since its inception, the FHA has become the largest insurer of home mortgages and has allowed more Americans to live the dream of home ownership at a rate that is in comparable to that of any other country.
The VA loan is simply a spin-off of the FHA loan open only to veterans having served in the Armed Forces. The VA loan was conceived in order to provide returning veterans with the opportunity to purchase homes and start their lives again.
Fannie Mae, or the Federal National Mortgage Association, was established to provide a secondary market for the FHA mortgage loans. In 1938, when President Roosevelt established the Federal National Mortgage Association it was intended to provide a secondary market for lenders to sell mortgages in order to originate new ones.
Freddie Mac, followed in a few years, and was implemented to serve a broader base of mortgages. Although Fannie Mae and Freddie Mac are not direct lenders, our current mortgage system would not be in operation nor would we have experienced the success with homeownership we enjoy today.
The home equity conversion mortgage or HECM is a HUD supervised program that works with FHA homeowners who are over the age of 62 to remain in their homes by allowing them to access their home’s equity, sometimes referred to as the reverse mortgage.
The safe neighbourhood action plan or SNAP is an FHA supervised effort to improve urban communities. The problem focuses own illuminating drug abuse and cry him in urban areas by providing education, school activities, and assistance for project residents.
Now that we’ve covered all the government approved mortgage loan programs, let’s take a look at the FHA mortgage options available. FHA offers adjustable rate mortgages, fixed rate mortgages, energy-efficient mortgages, graduated payment mortgages, mortgages for condominium units and growing equity mortgages.
The more commonly used mortgage products by the individual residential homeowner are the adjustable rate mortgage the fixed rate mortgage and the energy-efficient mortgages.
As we move closer to a more energy efficient energy conscious nation, I believe we will see an increase in the energy-efficient mortgages at a greater concern on the part of HUD that will make room for an increase in energy-efficient mortgages.
The graduated payment mortgage is an option for FHA homeowners who currently have low to moderate incomes but expected to increase substantially over the next few years; this can be compared to a balloon note or the adjustable rate mortgages in use today.
As you can see, the government has played a tremendous role in making possible the dream of homeownership in this country.
Yes, I believe we can say today more Americans live the dream of home ownership than any other nation in the world thanks in great part to the fact that President Roosevelt stepped in at the end of the Great Depression and provided a way to restore faith in the American way of life.

August 25, 2014

Get Rid of Your Student Debt Faster: Government Student Loan Consolidation

Filed under: Loan — Tags: , , , , , , , , — admin @ 12:47 pm

The main problem students and graduates have to face today is the repayment of their student debt. In order to pay their way through college almost everyone resorts to student loans. But when the loan payments pile up and due to interest rate variations they became an unbearable burden, the risk of default becomes present and Debt Consolidation ought to be considered.

Moreover, due to the high costs of education, studying material, rent, everyday expenses, etc. student loans are usually paid over long periods of time. Long after graduation most people continue to have a significant amount of student debt. Of course, this doesn’t have to be your case. You can consolidate your debt, pay off sooner and move on with your life without worrying about owing student debt long after joining the workforce.

Government Student Loan Consolidation

These programs offer consolidation loans for people who have more than two outstanding student loans and want to unify their debt, reprogram their repayment schedule and reduce the interest rate they pay for finance. Loans are provided by financial institutions and organizations with few requirements to meet. If you can prove you have been paying the loans about to be consolidated on time, there won’t be much problem obtaining the consolidation loan.

Another side benefit of Government Student Loan consolidation is that your financial life will become a lot easier. You won’t have to remember lots of due dates, you won’t have to write tons of checks every month and you won’t have to worry about missing payments or paying late. You’ll have a single payment every month with which you’ll pay off your debt.

Where To Find It

There are many financial institutions providing this kind of loans. You can consult with local student associations or you can search online for a lender. There are many sites providing information about consolidation loans that will be able to direct you to the right lender. Nevertheless, you should be precise when searching online; Always remember you are seeking a Government Student Consolidation Loan and pay special attention to the following specifications when requesting loan quotes:

Loan Interest Rate

Interest rate can be fixed or variable. If you choose a fixed rate you can be sure you won’t have to pay more if market conditions worsen. However, variable interest rates are usually lower. You need to make sure that the new loan interest rate is similar or lower than the average interest rate of the outstanding loans.

Loan Duration

You should always select a loan length that will let you go through your daily life without huge sacrifices. But don’t rush in to accept extremely long loans that you will finish paying when your kids start college. As with every other aspect of a loan you should be moderate and balance your future needs with your current needs.

Loan Amount

When it comes to loan amounts there is a general and simple rule you should always follow: Borrow the exact amount that you specifically need and not a cent more. Otherwise you will end up spending money buying things you don’t need with money that you don’t have. Finance should be used wisely, remember you are consolidating your debt because you can’t meet your monthly payments. Otherwise, if you can’t meet your consolidation loan installments, the next step might be bankruptcy.

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