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Student Loan Repayment Options, student loan options.#Student #loan #options


Student Loan Repayment Options

Lenders offer a variety of plans to repay your student loans — some of them quite flexible. The plans available to you depend on the types of loans you have. Find out what kind of loans you have, learn about your options, then make the best choice for your financial situation.

Different rules apply to federal and private student loans. The options discussed in this article are available for federal loans. If you don’t know what type of loan you have, see Types of Federal Student Loans and Private Student Loans.

Loans issued by banks or the federal government. There are two kinds of federal loans — both allow you to choose from the repayment plans discussed below.

Federal Family Education Loans (FFEL) are loans made by private lenders that are guaranteed by the federal government. That means, if you default, the lender gets reimbursed by the federal government.

Federal Direct Loans are made directly by the federal government.

School-issued federal loans. If you have school-issued federal student loans (such as Perkins loans), ask your school about repayment options.

Private loans. Private loans, made without federal funds, come with fewer repayment options. Contact your lender, loan holder, or loan servicer to find out your repayment options.

Tips on Switching Repayment Plans

Keep these in mind when considering repayment plans:

Don’t wait to switch payment plans until you’re seriously behind in your payments — if you’re in default on your loans, many of these options won’t be available to you.

You aren’t locked into the method you choose — you can switch payment plans each year, or in some cases, more often.

Types of Repayment Plans for Federal Student Loans

Here are your repayment options if you have a federal loan.

Standard Repayment Plan

This is the repayment plan offered by your lender. You make payments for up to ten years. Your monthly payments are higher than in other plans, but your total payments are lower because you pay less interest.

Graduated Repayment Plan

Under a graduated plan, payments start out low and increase during the repayment period — usually every two years. This is a good option if your income is low when you graduate but will increase quickly.

Extended Repayment Plan

An extended plan allows you to stretch your repayment over a period of up to 25 years, depending on your loan amount. To be eligible for this plan, you must have an outstanding loan balance of more than $30,000.

You can combine an extended plan with graduated payments, which will lower your payments even further but will increase your overall costs even more.

Repayment Plans for Financial Hardship

There are a number of plans available if your income is low or unstable, or you have moderate income with very high student loan debt. You might be eligible for these plans even if your financial troubles are temporary. Which plan is available to you depends on what type of loan you have. For the first three, you submit your financial information every year, and the lender will adjust payments accordingly.

Income Contingent Repayment Plan (ICRP)

If you have a federal Direct Loan (other than a PLUS loan), you can opt for an income contingent repayment plan. Your payments could be as low as $5 or even $0. Rmember though, if your payment is lower then the monthly accrued interest, as time goes on, your loan principal will continue to grow. If you haven’t paid off your loan after 25 years, the government will cancel the remaining balance. The IRS will treat this canceled debt as income.

Income Sensitive Repayment Plan (ISRP)

If you have a FFEL loan, you may qualify for an income sensitive repayment plan. In this plan, your payments are based on your annual income, family size, and total loan amount. Your payments must at least cover accruing interest (unlike income contingent plans for Direct Loans). You must pay the loan off in ten years.

Income Based Repayment Plan (IBRP)

You can get an IBRP for both Direct loans and FFELs, but you cannot be in default to qualify. IBRP offers more flexible options than under ICRPs or ISRPs. Your debt is eliminated after 25 years of payments, payments can be less than the accruing interest and may be less than under ICRPs or ISRPs.

Hardship Repayment Plans for Perkins Loans

If you have a Perkins loan, you must pay at least $40 per month, but the school can extend repayment for another ten years or allow additional extensions for prolonged illness or unemployment.

You can find calculators to see what your payment would be under an IBRP or ICRP at http://studentaid.ed.gov. For information on an ISRP, contact your loan holder.

Loan Consolidation

With loan consolidation, you consolidate one, some, or all of your loans into one loan.

Loan Deferment or Forbearance

If your loan payments are enormous or you’ve fallen on hard times, even the most flexible payment plan might not help ends meet. In many circumstances, it’s possible to temporarily postpone making your loan payments or reduce the amount of your payments. These periods of relief are known as deferments (during which the government pays your interest) and forbearances (during which the amount you owe keeps going up because interest isn’t being paid). To learn more on postponing payments, see Nolo’s article Student Loans: Cancellation, Deferment, and Forbearance.

For a comprehensive guide to dealing with financial difficulties, read Margaret Reiter’s Solve Your Money Troubles: Debt, Credit Bankruptcy (Nolo).



Student Loan Help, student loan options.#Student #loan #options


student loan options

Goodbye, student loan debt. Hello, future!

Student loan options

Get student debt answers now.

A nonprofit NFCC Certified Student Loan Counselor will review all of your finances and help you develop a personal debt repayment plan, all for a nominal fee.*

What s in it for you

  • A thorough evaluation of your entire personal financial situation—not just your student loans.
  • An audit of your current loans and their terms.
  • Comprehensive, one-on-one guidance through all student debt repayment options.
  • A full financial game plan, including which debt repayment plans are right for you.

Here s what comes next

  • Set up a secure login.
  • Create your own confidential, financial profile online.
  • Be contacted by a nonprofit NFCC member agency.

Ready? Set up your profile here.

*Nonprofit, student loan counseling fees vary by NFCC member agency.

I made the call. 1

Student loan options

None of this was my fault, but it was my problem. Years ago, I co-signed a student loan with my then-husband. After we divorced, it stayed in his name. I made payments until the bank notified me the debt was forgiven. It wasn’t.

Julie K Minnesota

I didn’t leave school by choice. Two major health issues made the decision for me. By then, I had about $14,500 in federal student loans. Given my circumstances, I defaulted.

1 Stories above represent actual NFCC client experiences.

Student loan counseling.

Comprehensive

review of your financial situation, including current income, living expenses, all debt and your long-term goals.

Customized

game plan that doesn’t undermine your personal short- and long-term goals by just directing you to a plan with the lowest current payment.

Complete

assessment that looks beyond income-based programs and consolidation to see if other avenues for retiring your debt might be available and make more sense for you.

Why choose us?

Gain access to over 60 years of experience helping borrowers like you get answers to all of their debt-related concerns, including student debt solutions.

Student loan options

Answers

We are experts on the ins and outs of student borrowing and repayment and on how to minimize its impact on your overall financial health. We work with you every step along the way until your issues are resolved.

Student loan options

Nonprofit

You always know where you stand and who to call with questions about your student loans and any other financial issues that arise over time.

Student loan options

Local to you

NFCC member agencies have office locations in all 50 states and Puerto Rico, which are staffed by NFCC Certified Credit Counselors.

Be informed.

Knowledge is power. To help you make the best decisions possible for your future, we keep you updated with access to a wealth of useful tools and resources.

Get the latest insights on recent news regarding student loans and your personal finances.

From calculators to definitions, find what you need to make better financing and repayment decisions here.

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling (NFCC ) is the nation’s first and largest nonprofit dedicated to improving people’s financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Member agencies are able to offer their services for nominal fees based on their current funding status. Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit www.NFCC.org

Thank you to our funders.

The Sharpen Your Financial Focus program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony Financial, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit www.SharpenToday.org.

National Foundation for Credit Counseling



Student loan options, student loan options.#Student #loan #options


student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Exhaust all federal grant and loans available to you before considering a private (alternative) loan. You may qualify for loans or other assistance under title IV of the HEA (Pell Grants, Stafford, Perkins, FSEOG grants and PLUS loans) and the terms and conditions of title IV, HEA program loans may be more favorable than the provisions of private education loans . Student Lending Analytics has developed a list of private loan options for undergraduates to serve schools and their students who need a focused and neutral resource for help in finding a private student loan.

SLA is an independent research and advisory firm that has NO affiliations with any student lenders. SLA HAS RECEIVED NO CONSIDERATION FROM ANY LENDERS FOR PLACEMENT ON THIS LIST. Placement on this list DOES NOT in any way constitute an endorsement from SLA NOR should it be construed as a preferred lender list. You are free to borrow from any lender of your choice. While SLA has made every effort to confirm each of the lender loan terms described below through website research and multiple calls to lender customer service representatives, it cannot guarantee its accuracy. Furthermore, not all the lenders listed below lend to all students at all schools. The borrower should confirm any and all loan terms with the lender PRIOR to accepting the loan. Each lender s position on the list is randomly determined and will change each time this page is refreshed. SLA will update this page as necessary and will provide a date of last update at the top of the page. The information provided below is subject to change without notice.



5 Options for Student Loan Forgiveness, student loan options.#Student #loan #options


5 Ways to Get Your Student Loans Forgiven

Student loan options

In certain situations, you can eliminate some or all of your student loans through a student loan forgiveness program. Depending on your degree and your current occupation, you may qualify for one of many student loan forgiveness programs. If you re wondering whether you can have your student loans forgiven through your job, ask someone in your human resources department. Here are 5 ways to get your student loans forgiven:

1. Volunteer

Certain volunteer organizations offer student loan forgiveness in exchange for a certain amount of your time. If you volunteer for AmeriCorps, Peace Corps, or Volunteers in Service to America (VISTA) you can have up to 70 percent of your student loans forgiven. Visit their websites to find out more information about student loan forgiveness programs.

2. Become a Full-Time Teacher

If you have a Perkins loan, you can have part of it forgiven by working full-time in an elementary, middle, or junior high school that serves children from low-income families. The more years you teach, the more you can have forgiven. Your local school board will have additional information about which schools in your district offer student loan forgiveness under the National Defense Education Act.

Other states have additional student loan forgiveness programs that allow you to have student loans forgiven in additional situations.

You can always contact your loan board of education for information about having your student loans forgiven.

3. Join the Military

One of the benefits of joining the military is student loan repayment. Currently, the Army, Army National Guard, Air Force, Air Force National Guard, and the Navy offer student loan repayment programs up to $20,000 depending on the branch.

Unfortunately, the Marine Corps, Coast Guard, and Air Force Reserves do not offer student loan forgiveness. For more information about military student loan forgiveness, visit this article on Military College Loan Repayment Program.

4. Become a Doctor or Lawyer

Medical and legal professionals can end up with six-figure student loan debt. Fortunately for these Ph.D holders, there are several student loan forgiveness programs that can reduce their student loan burden.

  • The National Institutes of Health forgives some student loan debt for medical students who complete certain types of medical research including clinical, medical disparities, and contraception research.
  • Certain health professionals can receive up to $50,000 of student loans forgiven through the National Health Service Corps Loan Repayment Program in exchange for two years of volunteer service at a clinic that has a shortage of health professionals. You may be able to receive additional forgiveness for additional service.
  • Law school graduates may have some of their student loans forgiven by doing some non-profit work. Equal Justice Works has a list of law schools that have a loan repayment assistance program. If your school is on the list, contact your financial aid department to learn how you can have your student loans forgiven.

5. Wait 25 Years or (20 Years for New Loans)

If you have a federal loan and you re on an income-based repayment (IBR) plan, you can have the balance of your student loan forgiven after 25 years, or 10 years if you work in public service. All Federal student loans are eligible except, student loans in default, Parent PLUS loans, and Parent PLUS consolidation loans. Your monthly student loan payments are capped based on your income and family size. For example, a family of 3 with an annual income of $45,000 would only pay $157 a month on an IBR plan. You can apply for IBR by contacting the lender servicing your loan. Loans taken out after July 22, 2014 on the IBR plan will be forgiven after 20 years instead of 25 years. President Obama recently announced plans to speed up that date to 2012. Visit the Federal Student Aid website and IBR Info for more information.

Ready to start building wealth? Sign up today to learn how to save for an early retirement, tackle your debt, and grow your net worth.

Who Pays for Student Loan Forgiveness

Many people, especially those who ve worked hard to repay their loans, oppose student loan forgiveness (at least Federal loans) because it s funded by taxpayers. If the Federal government forgives your student loans, that means taxpayers have paid for your college education. In that sense, it s the same as using government grants to fund your education. Private student loan forgiveness is pretty much nonexistent, but if lenders offered these types of programs, the banks other customers would end up funding them through fees and interest.

Drawbacks of Student Loan Forgiveness

In certain situations, you re required to report forgiven loans as taxable income. This may increase your tax liability that year and could result in a tax bill when you file in April. Not all student loan forgiveness programs require you to pay taxes on the forgiven debt. Consult your tax preparer for more information.



Student Loan Repayment Options, student loan options.#Student #loan #options


Student Loan Repayment Options

Lenders offer a variety of plans to repay your student loans — some of them quite flexible. The plans available to you depend on the types of loans you have. Find out what kind of loans you have, learn about your options, then make the best choice for your financial situation.

Different rules apply to federal and private student loans. The options discussed in this article are available for federal loans. If you don’t know what type of loan you have, see Types of Federal Student Loans and Private Student Loans.

Loans issued by banks or the federal government. There are two kinds of federal loans — both allow you to choose from the repayment plans discussed below.

Federal Family Education Loans (FFEL) are loans made by private lenders that are guaranteed by the federal government. That means, if you default, the lender gets reimbursed by the federal government.

Federal Direct Loans are made directly by the federal government.

School-issued federal loans. If you have school-issued federal student loans (such as Perkins loans), ask your school about repayment options.

Private loans. Private loans, made without federal funds, come with fewer repayment options. Contact your lender, loan holder, or loan servicer to find out your repayment options.

Tips on Switching Repayment Plans

Keep these in mind when considering repayment plans:

Don’t wait to switch payment plans until you’re seriously behind in your payments — if you’re in default on your loans, many of these options won’t be available to you.

You aren’t locked into the method you choose — you can switch payment plans each year, or in some cases, more often.

Types of Repayment Plans for Federal Student Loans

Here are your repayment options if you have a federal loan.

Standard Repayment Plan

This is the repayment plan offered by your lender. You make payments for up to ten years. Your monthly payments are higher than in other plans, but your total payments are lower because you pay less interest.

Graduated Repayment Plan

Under a graduated plan, payments start out low and increase during the repayment period — usually every two years. This is a good option if your income is low when you graduate but will increase quickly.

Extended Repayment Plan

An extended plan allows you to stretch your repayment over a period of up to 25 years, depending on your loan amount. To be eligible for this plan, you must have an outstanding loan balance of more than $30,000.

You can combine an extended plan with graduated payments, which will lower your payments even further but will increase your overall costs even more.

Repayment Plans for Financial Hardship

There are a number of plans available if your income is low or unstable, or you have moderate income with very high student loan debt. You might be eligible for these plans even if your financial troubles are temporary. Which plan is available to you depends on what type of loan you have. For the first three, you submit your financial information every year, and the lender will adjust payments accordingly.

Income Contingent Repayment Plan (ICRP)

If you have a federal Direct Loan (other than a PLUS loan), you can opt for an income contingent repayment plan. Your payments could be as low as $5 or even $0. Rmember though, if your payment is lower then the monthly accrued interest, as time goes on, your loan principal will continue to grow. If you haven’t paid off your loan after 25 years, the government will cancel the remaining balance. The IRS will treat this canceled debt as income.

Income Sensitive Repayment Plan (ISRP)

If you have a FFEL loan, you may qualify for an income sensitive repayment plan. In this plan, your payments are based on your annual income, family size, and total loan amount. Your payments must at least cover accruing interest (unlike income contingent plans for Direct Loans). You must pay the loan off in ten years.

Income Based Repayment Plan (IBRP)

You can get an IBRP for both Direct loans and FFELs, but you cannot be in default to qualify. IBRP offers more flexible options than under ICRPs or ISRPs. Your debt is eliminated after 25 years of payments, payments can be less than the accruing interest and may be less than under ICRPs or ISRPs.

Hardship Repayment Plans for Perkins Loans

If you have a Perkins loan, you must pay at least $40 per month, but the school can extend repayment for another ten years or allow additional extensions for prolonged illness or unemployment.

You can find calculators to see what your payment would be under an IBRP or ICRP at http://studentaid.ed.gov. For information on an ISRP, contact your loan holder.

Loan Consolidation

With loan consolidation, you consolidate one, some, or all of your loans into one loan.

Loan Deferment or Forbearance

If your loan payments are enormous or you’ve fallen on hard times, even the most flexible payment plan might not help ends meet. In many circumstances, it’s possible to temporarily postpone making your loan payments or reduce the amount of your payments. These periods of relief are known as deferments (during which the government pays your interest) and forbearances (during which the amount you owe keeps going up because interest isn’t being paid). To learn more on postponing payments, see Nolo’s article Student Loans: Cancellation, Deferment, and Forbearance.

For a comprehensive guide to dealing with financial difficulties, read Margaret Reiter’s Solve Your Money Troubles: Debt, Credit Bankruptcy (Nolo).



Student Loan Debt, student loan options.#Student #loan #options


Student Loan Debt

Whether you are shopping for student loans, repaying your student loans, or in default on your student loans, here’s what you need to know. Learn about types of student loans, repayment plans, loan forgiveness programs, getting out of default, and how to cancel loans.

Student Loans and Taxes

If you are married and have an IBR, ICR, or PAYE student loan payment plan, your tax filing status can affect the amount of your monthly student loan payment.

With some limitations, you can deduct student loan interest on your federal tax return.

Come tax time, be aware of tax deductions for student loan interest, how filing status affects your student loan payment, and a potential tax bill for forgiven student loan debt.

Questions on Student Loan Debt

Find the answer here.

Find the answer here.

Student Loans and Taxes

If you are married and have an IBR, ICR, or PAYE student loan payment plan, your tax filing status can affect the amount of your monthly student loan payment.

With some limitations, you can deduct student loan interest on your federal tax return.

Come tax time, be aware of tax deductions for student loan interest, how filing status affects your student loan payment, and a potential tax bill for forgiven student loan debt.

When You Have Trouble Paying Your Student Loans

Most people can t eliminate student loan debt, but many can get better payment plans.

Depending on whether you are current or behind on your student loan payments, your student loan debt could increase or decrease your credit score.

Find out how you might be able to discharge the federal student loans you took out to attend Corinthian Colleges.

Defaulted Student Loans, Collection Lawsuits

Here are some ways you can get out of default on your student loans.

Financial Aid for College Graduate School

Paying for college — your financial aid options and how to get started.

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5 Options for Student Loan Forgiveness, student loan options.#Student #loan #options


5 Ways to Get Your Student Loans Forgiven

Student loan options

In certain situations, you can eliminate some or all of your student loans through a student loan forgiveness program. Depending on your degree and your current occupation, you may qualify for one of many student loan forgiveness programs. If you re wondering whether you can have your student loans forgiven through your job, ask someone in your human resources department. Here are 5 ways to get your student loans forgiven:

1. Volunteer

Certain volunteer organizations offer student loan forgiveness in exchange for a certain amount of your time. If you volunteer for AmeriCorps, Peace Corps, or Volunteers in Service to America (VISTA) you can have up to 70 percent of your student loans forgiven. Visit their websites to find out more information about student loan forgiveness programs.

2. Become a Full-Time Teacher

If you have a Perkins loan, you can have part of it forgiven by working full-time in an elementary, middle, or junior high school that serves children from low-income families. The more years you teach, the more you can have forgiven. Your local school board will have additional information about which schools in your district offer student loan forgiveness under the National Defense Education Act.

Other states have additional student loan forgiveness programs that allow you to have student loans forgiven in additional situations.

You can always contact your loan board of education for information about having your student loans forgiven.

3. Join the Military

One of the benefits of joining the military is student loan repayment. Currently, the Army, Army National Guard, Air Force, Air Force National Guard, and the Navy offer student loan repayment programs up to $20,000 depending on the branch.

Unfortunately, the Marine Corps, Coast Guard, and Air Force Reserves do not offer student loan forgiveness. For more information about military student loan forgiveness, visit this article on Military College Loan Repayment Program.

4. Become a Doctor or Lawyer

Medical and legal professionals can end up with six-figure student loan debt. Fortunately for these Ph.D holders, there are several student loan forgiveness programs that can reduce their student loan burden.

  • The National Institutes of Health forgives some student loan debt for medical students who complete certain types of medical research including clinical, medical disparities, and contraception research.
  • Certain health professionals can receive up to $50,000 of student loans forgiven through the National Health Service Corps Loan Repayment Program in exchange for two years of volunteer service at a clinic that has a shortage of health professionals. You may be able to receive additional forgiveness for additional service.
  • Law school graduates may have some of their student loans forgiven by doing some non-profit work. Equal Justice Works has a list of law schools that have a loan repayment assistance program. If your school is on the list, contact your financial aid department to learn how you can have your student loans forgiven.

5. Wait 25 Years or (20 Years for New Loans)

If you have a federal loan and you re on an income-based repayment (IBR) plan, you can have the balance of your student loan forgiven after 25 years, or 10 years if you work in public service. All Federal student loans are eligible except, student loans in default, Parent PLUS loans, and Parent PLUS consolidation loans. Your monthly student loan payments are capped based on your income and family size. For example, a family of 3 with an annual income of $45,000 would only pay $157 a month on an IBR plan. You can apply for IBR by contacting the lender servicing your loan. Loans taken out after July 22, 2014 on the IBR plan will be forgiven after 20 years instead of 25 years. President Obama recently announced plans to speed up that date to 2012. Visit the Federal Student Aid website and IBR Info for more information.

Ready to start building wealth? Sign up today to learn how to save for an early retirement, tackle your debt, and grow your net worth.

Who Pays for Student Loan Forgiveness

Many people, especially those who ve worked hard to repay their loans, oppose student loan forgiveness (at least Federal loans) because it s funded by taxpayers. If the Federal government forgives your student loans, that means taxpayers have paid for your college education. In that sense, it s the same as using government grants to fund your education. Private student loan forgiveness is pretty much nonexistent, but if lenders offered these types of programs, the banks other customers would end up funding them through fees and interest.

Drawbacks of Student Loan Forgiveness

In certain situations, you re required to report forgiven loans as taxable income. This may increase your tax liability that year and could result in a tax bill when you file in April. Not all student loan forgiveness programs require you to pay taxes on the forgiven debt. Consult your tax preparer for more information.



Student Loan Help, student loan options.#Student #loan #options


student loan options

Goodbye, student loan debt. Hello, future!

Student loan options

Get student debt answers now.

A nonprofit NFCC Certified Student Loan Counselor will review all of your finances and help you develop a personal debt repayment plan, all for a nominal fee.*

What s in it for you

  • A thorough evaluation of your entire personal financial situation—not just your student loans.
  • An audit of your current loans and their terms.
  • Comprehensive, one-on-one guidance through all student debt repayment options.
  • A full financial game plan, including which debt repayment plans are right for you.

Here s what comes next

  • Set up a secure login.
  • Create your own confidential, financial profile online.
  • Be contacted by a nonprofit NFCC member agency.

Ready? Set up your profile here.

*Nonprofit, student loan counseling fees vary by NFCC member agency.

I made the call. 1

Student loan options

None of this was my fault, but it was my problem. Years ago, I co-signed a student loan with my then-husband. After we divorced, it stayed in his name. I made payments until the bank notified me the debt was forgiven. It wasn’t.

Julie K Minnesota

I didn’t leave school by choice. Two major health issues made the decision for me. By then, I had about $14,500 in federal student loans. Given my circumstances, I defaulted.

1 Stories above represent actual NFCC client experiences.

Student loan counseling.

Comprehensive

review of your financial situation, including current income, living expenses, all debt and your long-term goals.

Customized

game plan that doesn’t undermine your personal short- and long-term goals by just directing you to a plan with the lowest current payment.

Complete

assessment that looks beyond income-based programs and consolidation to see if other avenues for retiring your debt might be available and make more sense for you.

Why choose us?

Gain access to over 60 years of experience helping borrowers like you get answers to all of their debt-related concerns, including student debt solutions.

Student loan options

Answers

We are experts on the ins and outs of student borrowing and repayment and on how to minimize its impact on your overall financial health. We work with you every step along the way until your issues are resolved.

Student loan options

Nonprofit

You always know where you stand and who to call with questions about your student loans and any other financial issues that arise over time.

Student loan options

Local to you

NFCC member agencies have office locations in all 50 states and Puerto Rico, which are staffed by NFCC Certified Credit Counselors.

Be informed.

Knowledge is power. To help you make the best decisions possible for your future, we keep you updated with access to a wealth of useful tools and resources.

Get the latest insights on recent news regarding student loans and your personal finances.

From calculators to definitions, find what you need to make better financing and repayment decisions here.

Who is the NFCC?

Founded in 1951, the National Foundation for Credit Counseling (NFCC ) is the nation’s first and largest nonprofit dedicated to improving people’s financial well-being.

NFCC members help millions of consumers like you through community-based offices located in all 50 states and Puerto Rico. Each NFCC member agency has earned our seal by adhering to high standards and ethical practices designed to help you achieve financial stability.

Member agencies are able to offer their services for nominal fees based on their current funding status. Funding for operations and services comes from an ever-changing combination of federal, state and local government grants, as well as donations from financial industry participants and private donors.

For more on the NFCC, visit www.NFCC.org

Thank you to our funders.

The Sharpen Your Financial Focus program is an initiative of the National Foundation for Credit Counseling (NFCC) in partnership with a broad cross-section of supporters. Together, we are committed to increasing the financial well-being of Americans. This initiative is partially funded by Bank of America, Chase, Synchrony Financial, Wells Fargo and other major financial institutions. We thank all funders and partners who make this program possible. For more information, visit www.SharpenToday.org.

National Foundation for Credit Counseling



FinAid, Loans, Student Loans, student loan options.#Student #loan #options


student loan options

Student loan options

Student loan options

Student loan optionsStudent loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options

Student loan options can be overwhelming at first glance. But when it comes to federal student loans, there are just a few options.

The first step in getting one of the federal student loans listed below is to fill out the Free Application for Federal Student Aid, or FAFSA. While the FAFSA does determine eligibility for need-based aid, it also acts as an application for student loan options, both for need-based and non-need-based loans. It supplies students who need financial aid with that help as well as provides financing options for those students that would like to borrow with low-interest federal loans but don’t necessarily qualify for need-based aid.

Subsidized Stafford Loan

The subsidized Stafford Loan is available to students who qualify for need as determined by the FAFSA. Students must be a U.S. citizen or eligible non-citizen as well as have a high school diploma or GED. Like most federal student loans, interest does not accrue while the student is in school. If students qualify for a subsidized Stafford Loan, it will be stated on their award letter notification along with the amount for which they can borrow.

The Perkins Loan is another federal loan option that is for needy students. Again, students must be a U.S. citizen or eligible non-citizen as well as hold a high school diploma or GED. Again, interest does not accrue with the Perkins Loan, and students will find out whether or not they qualify as well as for how much when they receive their award letters from colleges.

Unsubsidized Stafford Loan

Finally, the unsubsidized Stafford Loan is a little different from the other federal loans. For both the subsidized Stafford and Perkins Loans, students must qualify for need as determined by the FAFSA. However, the unsubsidized Stafford Loan is available to any student, regardless of need. Also, unlike the other federal loans, interest accrues while the student is attending school. Again, if students want to apply for the unsubsidized Stafford Loan, they must complete the FAFSA.

Students can also qualify for a federal student loan consolidation after graduating from college or graduate school.



Home Financing Options – How to Finance a Home Purchase #boat #loans


#home financing
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Home Financing Options

By Brandon Cornett | 2015, all rights reserved | Duplication prohibited

to see how much you can afford.

This article explains the financing options that are available to a first-time home buyer. We will talk about the different ways to finance a home, the pros and cons of each method, and other important topics for buyers.

Home Financing Defined

Within the context of this article, home financing refers to the mortgage loans people use to buy a house. This is one of the most important topics a first-time buyer must understand. It’s also where a lot of people make big mistakes, by choosing the wrong kind of loan for their situation.

With that basic definition out of the way, let’s talk about the different types of loans you can use to finance your home purchase.

Different Ways to Finance a Home

Understanding your home financing options is the first step to making a smart choice. So before we go any further, we need to talk about the different kinds of mortgage loans that are available to you. These days, most home loans fall into one of two categories. They are either fixed- or adjustable-rate mortgages. The primary difference between them has to do with the interest rate, and how it behaves over time.

With a fixed-rate mortgage loan, the interest rate you have at the beginning of the loan is the same rate you’ll have at the end of the loan (when you either sell the house, refinance the mortgage, or pay the loan off entirely). This is the primary benefit of this financing option — there are no surprises later on down the road. The initial rate you obtain follows you for the entire life or term of the loan.

Here are some related articles to help you learn more about this topic:

As the name implies, an adjustable-rate mortgage loan (ARM) works much differently. With this home financing strategy, the rate will change at a specific interval — usually every one to five years. When used properly, an ARM loan can save you money in the short-term. When used incorrectly, they can bring a lot of risk into the equation. Adjustable mortgages are rarely a smart option if you plan to stay in the home for a long time. In that kind of long-term scenario, a fixed rate loan is a better financing option for you.

Most of the adjustable mortgages in use today start off with a fixed rate for a certain period of time. After that introductory stage, however, the rate will begin to adjust or reset at specific intervals. Because of this, they are also referred to as hybrid loans. A person who only plans to live in a home for a few years might use an ARM loan to save money in the short-term. But once you get past the fixed stage of the loan, you have no idea what the rate will do (aside from changing in some way). If the rate adjusts upward by several percentage points, it could significantly increase the size of your monthly payment.

Remember, the interest rate is part of your overall mortgage payment. So when it goes up, your payment goes up as well. Depending on how much the payment increases, this could make the loan unaffordable for you. This is a very real risk that comes with this particular home financing option, so it’s a risk you need to take seriously.

If you think you might use an ARM loan to finance your home purchase, you have plenty of homework ahead of you. Here are some related articles to get you started:

Many first-time home buyers use FHA home loans as a financing option, and there are several key reasons for this. For one thing, a home buyer who uses an FHA loan can make a smaller down payment (when compared to someone who uses a conventional loan). Generally speaking, FHA mortgages are easier to qualify for, as well. This makes them popular among people with less-than-perfect credit. These two factors combined to make the FHA loan one of the most popular home financing options for first-time buyers.

If you want to finance your house with this type of loan (or simply learn more about it), you’ll find the following articles helpful:

Choosing the Best Option

These are some of the different ways you can finance a home purchase. So which option is right for you? In reality, there is no way I can answer this question for you, because I simply don’t know your situation. Depending on (A) your long-term plans, (B) your financial situation, and (C) your level of qualification, one financing option may be better than another. What you must do, as a home buyer, is learn about the pros and cons of each strategy. Once you do that, one option should emerge as the obvious choice for you.

For example, we talked about the primary differences between fixed and adjustable-rate mortgage loans. If you plan to stay in the home for many years, the fixed-rate loan is probably the best option for you. This method of home financing gives you the most predictability over the long term. No matter what happens with the economy, you’ll know that your interest rate will always stay the same. On the contrary, the interest rate on an ARM loan will change periodically. So it might not be the best finance strategy for a long-term stay. This is a prime example of choosing the best type of mortgage based on your particular situation .

This is obviously a top-level guide to home financing options, and that was my purpose. I wanted to give you a brief overview of the various ways to finance a home, and then provide you with some links to related information. I’ve hand-picked a few articles that will make a good follow-up to this one, and I highly recommend you read those as well. You can find these articles through the hyperlinks spread throughout this lesson.

I hope you’ve found this guide to home financing options helpful, and I wish you well in your future real estate endeavors.



Student Loan Options For Repayment #1 #hour #loans


#student loan options
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These are typically short term loans Student loan options for repayment collaborating 3rd party loan Student loan options for repayment providers on the internet contain the ideal spouses.

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Initially the several, and you will get a standard bank screening account as on the dollar amount and switch Student loan options for repayment lend it into Homeland Security.

They’re quick unsecured loans partaking 3rd party loan providers on-line possess the appropriate lovers.



Student Loans Options For Students with Poor Credit #direct #lender #payday #loans


#bad credit student loans
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Student Loans and Poor Credit

Student Loans and Bad Credit

From the prospect of campus life to the thrill of higher education, getting ready to enter college or planning a continuing education program should be an exciting time. Unfortunately, though, money matters such as getting a student loan can often overshadow the excitement. Deciding how that financial burden will be shouldered can be stressful for both parent and student, and you’ll have to do some homework before filling out the student loan application.

That’s why it’s critical for you to understand how your credit can affect your ability to get a student loan. Having “bad” credit can mean the difference between celebrating a college graduation and lamenting what might have been.

Student loan options for students with poor credit

For students with a poor credit history, obtaining a student loan is still possible. Through the U.S. federal government, there are two types of loans for students with bad credit, the Federal Perkins Loan and the Subsidized Stafford Loan. The Federal Stafford Loan is available as both a subsidized and unsubsidized loan, depending on the student’s needs. These recognized types of federal student loans are available through the Federal Family Education Loan Progam (FFELP). And it is important to remember that the money you borrow through this and many other educational loan programs must be used for school costs, including tuition, room and board, books and supplies.

The four most common federal education loans are:

  1. Subsidized Stafford Loans are made directly to the student, with interest rates available as low as 3.6%. You do not need to start paying back this loan until six months after you graduate (the government will pay any interest on the loan before that) or until six months after you decide not to continue your course of study on at least a part-time basis (“part-time” meaning at least half of a regular course load, as determined by your school).
  2. Unsubsidized Stafford Loans are made directly to the parents of dependent undergraduates, but at slightly higher interest rates, which can still be as low as 4.2%. These loans are not based on need or income. The difference (as compared to subsidized loans) is that you must pay interest on the loan while you are in school.
  3. Federal PLUS Loans are made directly to the parents of a dependent undergraduate student, and are primarily geared towards parents who do not have bad credit. In fact, you are very unlikely to get a federal PLUS loan if you have an adverse credit history .
  4. Federal Perkins Loans also offer low interest rates (about 5%). They are designed, however, for students with “exceptional” financial needs.

Private loans for students with bad credit

Unlike with most federal loans, when obtaining personal loans, your credit rating will be scrutinized during the application process to obtain a private student loan. And if your credit score is determined to be potentially “bad” (usually somewhere below 700), your application will simply be denied, or you will have to pay the loan back at a much higher interest rate as high as 10% in some cases, depending on the amount and duration of the educational loan.

So what’s a student to do?

How do you get a personal student loan if your credit rating is “bad”? Since it’s difficult to find a definitive measure of “good” and “bad” credit (although a score of 700 and over is generally considered “good”), the more appropriate question might be, “How quickly do you need a student loan?”

If, for example, you need to secure an education loan ASAP, you are likely to pay a higher interest rate, although you can try to refinance the loan down the road at a lower rate. In any case, it’s probably a good idea to assess your overall credit status and check your credit score .

In the end, while the journey to secure a student loan may prove challenging, the reward of a college degree can be well worth the effort. To help reach your educational goals, start by safeguarding your financial ones. And take steps towards maintaining good credit today.



Debt Consolidation Loan Options #personal #loans #for #bad #credit


#consolidation loan
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Debt Consolidation Loans

Thinking about making a fresh start? Discover everything you need to know about the different types of personal bankruptcy and small business bankruptcy.

If you’re faced with making multiple payments to multiple creditors, chances are you are finding it harder and harder to put money into savings or even to afford simple daily expenses. Are you struggling to make your minimum payments each month? Are you looking for a way to make only one payment to a company each month, as opposed to struggling to keep up with several different bills? If you are a small business owner, have your creditors lowered your credit limits, reducing your ability to grow or fund your company? Have they raised the interest rates on your business credit cards?

Whether you need the money for personal or business use, there is a better way for you to manage your debts and take back control of your finances. An unsecured debt consolidation loan can help you to pay off your existing debt and improve your cash flow.

When most people hear about a debt consolidation loan, their first thought is usually a secured debt consolidation loan, like one that is taken out using the equity in your home as security. This type of loan may be viable if you own a home that is worth more than you owe on the mortgage or if you have other property to use as collateral, but an unsecured debt consolidation loan can be a better alternative if you have good to excellent credit.

Unsecured Debt Consolidation Loans

Unsecured loans are a solution that does not require you to risk an asset in order to obtain financing. You don’t have to put your home or your car at risk in order to get the loan. As an unsecured loan can generally be used for any purpose, it can be a perfect fit for your personal debt consolidation – or, if you own a business, your small business debt consolidation needs.

With a debt consolidation loan, you may instantly improve your cash flow each month. Your potential savings can range from hundreds to thousands of dollars on interest over the life span of a loan. Consolidating existing debt into a single loan can be one of the best ways to get out of debt quickly without damaging your credit.

It’s important to remember that, regardless of the personal or business purpose, unsecured debt consolidation loans typically have a higher interest rate than secured loans. The trade off in risking your home, car, or business equipment as collateral comes in the form of a lower interest rate, but if you can’t make the new payments, you could lose your asset. With an unsecured loan the lender basing the approval decision solely on your credit history and your ability to repay the money. This is why it’s critical to not only find the right loan to consolidate your debts, but also a knowledgeable resource to guide you through that process.

Which Debt Consolidation Loan Is Right For You?

This is where AmOne can help. We’re the leading debt consolidation loan website for individuals and small business owners in the United States. Our experience since 1999 in assisting millions of people consolidate billions of dollars means that we’re in a position to help match you with the highest rated and trusted lenders available. We take your unique personal or business debt situation into account and work with you to find the right debt consolidation loan solution for you.

Our financial search specialists are able to help save you time when it comes to searching for the best options for consolidating debt. Our clients – people and small business owners just like you – have provided their feedback on our partners, enabling us to ensure that the loan solutions we offer are from the most trustworthy and reputable lenders.

If you’re the type of person that values your time and wants to give your debt consolidation loan request the best chance for success, then we highly recommend you contact us to learn about your best loan options. You can either complete our easy-to-use loan solutions form or you can call us toll-free at 1-800-781-5187 to speak with one of our knowledgeable and experienced financial search specialists. From there our free service will put you in touch with safe, reliable, and trustworthy debt consolidation loan providers that fit your unique situation.



Consolidate Your Credit – Top 10 Options #federal #school #loans


#consolidate debt
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Consolidate Credit

10 Ways to Consolidate Credit Card Debt

Readers often ask Bill, the Bills.com advice columnist, how to consolidate their credit card debt. Here is a summary of Bill s top 10 suggestions for you to consolidate credit card debt.

1. Apply for a Home Equity Loan

A home equity loan is money you borrow that is secured by your ownership stake in your home. Home equity loans are similar, in some ways, to standard primary mortgage loans. Both have fixed principal amounts disbursed when the loan closes, pre-set payment schedules, and either adjustable or fixed interest rates. Home equity loans also share similarities with Home Equity Lines of Credit (HELOCs).

2. Consider a Cash-Out Refinance

In a cash-out mortgage refinance, the home s value is estimated by an appraiser. The house s value is compared to the balance on the home loan. Any equity available can be borrowed against by the homeowner. If the homeowner refinances for amount larger than the balance of the mortgage, this is called a cash-out refinance.

3. Open a Line of Credit

A line of credit is a form of revolving credit where the borrower is approved for a specific amount of credit. Banks and credit unions typically offer consumers lines of credit secured by a home. They may also offer an unsecured line of credit to high net-worth customers with perfect credit history.

4. Transfer to a Card with 0% Interest Balance Transfer

0% balance transfer offers are available only on certain credit cards, and only well-qualified people are offered these cards. However, if you qualify, the 0% rate is for a limited period of time. If you do not pay off the debt you transferred onto the new card within the promotional period, the creditor will begin charging interest on the remaining balance.

5. Apply for a Personal Loan

Personal loans have fixed monthly payments and must be paid-off in-full within a set amount of time (typically over 36 or 60 months). You can find personal loans at your local bank, credit union, Prosper or Lending Club .

6. Get a 401(k) Loan

A 401(k) loan, if allowed by the rules of your 401(k) plan, is a withdrawal from your account that you repay with a modest interest rate. The interest paid goes to your account. You pay yourself the interest. There is no tax consequence for a 401(k) loan that is repaid. The risk of a 401(K) loan is the costs involved if something prevents you person from repaying the loan as agreed.

7. Borrow From a Rich Family Member

It probably will save interest charges, but personal loans create the potential for damaged personal relationships, the expectation that you ll return the favor years down the road, and even legal action by someone who was previously a good friend or close family member. If you are asked to lend money to a relative, consider instead gifting the person the money.

8. Consult With a Credit Counselor

Consumer Credit Counseling Service (CCCS) companies help people with financial counseling, budget planning, and Debt Management Plans (DMPs). In a DMP, the CCCS arranges a new payment amount with each of your creditors that is based on a lower interest rate. You then make a monthly payment to the CCCS, which distributes the funds to creditors. CCCS has negatives, though. First, depending on your creditors, the CCCS may not be able to reduce monthly payments enough to improve your financial situation. Second, it may have a negative impact on your ability to obtain a loan, so you may not wish to enter into a DMP if you anticipate any large purchases, such as home or an auto, soon. Third, the average DMP takes 5 years to complete, so you must be able to commit to a long-term repayment plan.

9. Hire a Debt Settlement Company

Debt settlement companies also offer credit consolidation services. Rather than making monthly payments to your creditors, these programs negotiate lump-sum settlements with creditors, often reducing debts substantially. Debt settlement programs usually take 3 to 4 years to complete, so this is a good option for many people to rid themselves of debt in a speedy manner. In many cases, they set up a low monthly program payment. However you make special savings deposits in lieu of minimum monthly payments. You are not making payments to creditors, which has negative consequences. First, debt settlement programs, will significantly damage your credit score while in the program. You will also be exposed to your creditor s collection efforts, including letters calls and possible lawsuits. However, if you are unable to afford to pay your creditors, the hit to your credit and the negatives may be worth the benefit of ridding yourself of credit card debt.

10. Create a Budget and Change Your Spending Habits

One of the first steps toward financial freedom is to understand how much money comes in and goes out of your household every month, what is called your cash flow. Your cash flow is a factor of how much comes in as income and how much goes out as expenses. Hopefully, you have much more coming in than is going out and if you don t you may need to make some quick changes. Start by creating a budget that breaks down your income and expenses by financial categories, providing you with a snapshot of your entire cash flow picture.

Conclusion

As you can see, you have many options to consolidate your credit card debt. Which you choose depends on your goals, circumstances, and the amount of your debt.



Car Loans 4 U – Your Options #fha #home #loan


#car loans 4 u
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Car Loans 4 U Your Options

If you are having bad credit, are unemployed or generally do not qualify for the typical bank loans for automobiles, then you are probably going to have a bad time. However, the good news is that this will happen only when you are ignorant of the different options available for car loans 4 U. There are a number of places where you will be able to get a great car loan without bothering about the extensive paperwork of the banks and the delay in getting your vehicle. Doesn’t that sound like a cool idea to get car loans 4 U. Certainly. Let us have a look at all the options that are available to you.

Home Equity Loan

This is one of the smartest ways in which you will be able to finance your car, regardless of your credit status. The interest rates of the home equity loan are quite less. You will be able to find a really great financing opportunity in this case. The best thing about these loans is that they are tax deductible under the mortgage interest. Therefore, you will not only getting a great financing opportunity, but also be a le to mitigate your expenses to the best possible extent. You don’t even have to think about the higher rates of interest of the bad credit car loan companies. Just go ahead and find the best way to get a home equity loan for yourself.

Buy Here Pay Here Car Dealerships

If you do not own a house or do not stand eligible for this kind of loan because of any reason, then you can get car loans 4 u from the Buy Here Pay Here car dealerships. They will be providing you an excellent opportunity to get an old car with the minimum hassles. Some of these dealerships will be providing sub-prime car loans 4 U. However, most of them believe in in-house financing. The rates of interest are really very high when it comes to such dealerships. However, it is all because of the risk involved. You just go and select a car, make a down payment and take the car home. You must always try to get in-housing car loans 4 U in order to get the best rates. In this case no third parties are involved and it helps in lowering down the interest rates. One more thing needs to be understood here. Instead of monthly bank transfers or checks, you will have to make weekly payments in cash. No other means of payment are accepted here.



A Guide To Student Loan Forgiveness And Repayment Options #quick #loans #for #bad #credit


#student loan options
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A Guide To Student Loan Forgiveness And Repayment Options

Getty

NEW YORK — Wish you could make your student loans disappear?

Student loan forgiveness programs can make it happen, but there’s a problem.

“There needs to be more awareness about these programs,” says Betsy Mayotte, director of regulatory compliance at American Student Assistance, a nonprofit that helps borrowers manage their student debt.

So the organization released a student loan forgiveness guide earlier this year on its website. The Consumer Financial Protection Bureau, a government watchdog, released its own guide last month to bring attention to the programs.

The programs are not a quick fix. Instead, they enable borrowers to erase their remaining student debt after several years of payments. Most of the programs are tied to certain low-paid professions, such as teachers or public defenders, and have other restrictions. Here’s a snapshot of several options.

PUBLIC SERVICE PROGRAM

This program is for those who work in federal, state or local government jobs, or at a nonprofit that’s been designated as a 501(c)(3) tax-exempt organization. The CFPB estimates that a quarter of the country’s workforce falls into those categories. Individuals must also have high student loan balances relative to their income.

The program works like this: anyone who makes 120 on-time monthly payments toward their student loans and works in a qualifying job for 10 years (they don’t have to be consecutive), can apply to have their remaining balance forgiven. The amount of the loans forgiven is not taxed, under current tax law.

Only those with federal Direct Loans will qualify for this program, but some loans, such as the Federal Family Education Loan (also known as FFEL) and the Perkins Loan can be consolidated into a Direct Loan. If you don’t know what type of federal loan you have, you can find out at nslds.ed.gov.

The program was established in 2007, so no one has received loan forgiveness yet. Those hoping to take advantage need to make sure their job qualifies with the Department of Education every year, says Mark Kantrowitz, publisher of Edvisors.com. Save the paperwork and annual income forms, in case you need to later prove your eligibility.

The Department of Education offers more guidelines. http://1.usa.gov/18sELJS

INCOME-BASED REPAYMENT

Under this program borrowers can qualify for reduced monthly payments, and after 25 years the remaining balance is forgiven. It is important to note that the forgiven amount is taxed as income, which means you will likely have to pay a sum to the IRS that’s lower than the amount forgiven.

The program is for those whose federal student loan debt is high relative their income and family size. Your lender will ultimately decide if you are qualified, but you can see if you would benefit from this program by using this online calculator. http://1.usa.gov/1bIO1yw

There are other rules, such as which types of federal loans qualify. The Department of Education has a helpful tip sheet. http://1.usa.gov/19JJVQA

PAY AS YOU EARN PLAN

Borrowers can apply to have their monthly payments reduced, and after 20 years of payments, the balance is forgiven. Any forgiven amounts are taxed as income. This program is for those with a high level of federal student loans compared to their income, and who took out their first federal student loan after Oct. 1, 2007.

Use the Department of Education’s online calculator to see if you qualify. http://1.usa.gov/194F7V0

OTHER PROGRAMS

Depending on your job, you may be able to get help with your loans.

Teachers, for example, should see if they’re eligible for the teacher loan forgiveness program. They must work at a qualifying school for five consecutive years to receive up to $17,500 in forgiveness on certain federal loans. For more details see. http://1.usa.gov/1bITqWq

American Student Assistance put a list together of over 60 programs. Some are based on type of job, others are state programs. You can see them here. Some state programs even help with private loans. Mayotte of ASA recommends an Internet search to see if your state or job qualifies for some sort of student loan help. She says it’s important to ask your employers or human resources department if student loan help is available. She says more employers are refunding a part their employee’s student loan payments. http://bit.ly/15xGpNs

Mayotte also warns that borrowers shouldn’t take jobs just to have their student loans forgiven, or take out too much debt because they assume their debt will be forgiven. Many of the programs are budget based, there’s a possibility that some could disappear or not be around by the time you graduate, Mayotte says.

_____

MORE INFORMATION:

Public service loan forgiveness: http://1.usa.gov/18sELJS

Teacher loan forgiveness program: http://1.usa.gov/1bITqWq

Consumer Financial Protection Bureau’s guide: http://1.usa.gov/1as4UK8

American Student Assistance’s guide: http://bit.ly/15xGpNs



Car Payment Estimator – Lease and Finance Options #bad #credit #loans #nz


#monthly car payment
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Estimate a Payment**

• Sales taxes are paid monthly on rental payments instead of up-front (in most states)

• Leasing is a low-cost way of driving a Mercedes-Benz. You only pay for the portion of the vehicle you use

• Leasing may offer tax advantages if the vehicle is used for business purposes (please consult your tax advisor)

• A lower monthly payment means more disposable income for other investments

• You can tailor your lease to fit your driving habits

• There are no complications with trading in or selling your vehicle. We take the risk of the resale value at the end of the lease and provide you with a pre-determined purchase option

• Opportunity to drive a new vehicle more often

Why Finance?

• Mercedes-Benz Financial Services offers terms from 24 to 60 months, which allows you to customize your financing according to your personal needs

• A Mercedes-Benz has a higher than average resale value.

• When you purchase, the required insurance limits for liability and property damage are usually lower than when you lease

• You can modify your vehicle with non-factory accessories. Modifying a leased car is not permitted, unless modifications are dealer-installed, factory-approved options

• You can sell your vehicle at any time, under your own terms

Annual Mileage

Please select the mileage option which most closely resembles your annual miles driven. Low mileage leases usually result in lower monthly payments. Additional miles can be purchased if your annual mileage exceeds 15,000. Please see your dealer for details.



Federal Student Loans for College, Options for a Federal Student Loan #cheap #loan


#federal student loans
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Federal Student Loans

Federal student loans are financing options provided by the federal government through the Department of Education. Federal student loans, like any loan you may borrow, must be repaid with interest. The good news is that student loans from the government offer low fixed interest rates and generous repayment terms. Be sure to take full advantage of these programs before using other financing options to pay for your higher education.

A Direct Consolidation Loan enables borrowers to combine all of their federal student loans into one federal loan consolidation is for student borrowers who are in repayment status or parent borrowers who wish to extend the repayment period on their current PLUS loans and obtain a fixed interest rate for those loans which might have a variable interest rate. You can combine all of your eligible federal student loans into one loan with a Direct Consolidation Loan. Consolidating also locks the interest rate you pay on your loan. In addition, by consolidating you can possibly lower your payments by extending the length of the repayment period for your loan. However, with the extended term, you will end up paying more in interest over the life of the loan.

Applying for Federal Student Loans

The FAFSA is the only application you need to file in order to be considered for federal student loans. You must meet the eligibility requirements to receive federal financial aid and must not be in default on any federal student loan or owe a refund of federal financial aid.

You will also have to sign a Master Promissory Note and complete a loan entrance interview session in person or online. Your school will provide you with this information and tell you what steps you need to take.

Most students end up needing to finance some portion of their education. Always maximize your use of funds you do not have to repay such as federal financial aid, institutional grants, scholarships. 529 plans, tuition remission, prepaid tuition plans, etc. Even if you or your family have very high income, you can still receive low cost federal student loan including an Unsubsidized Direct Student Loan and the Direct PLUS Loan for Parents. Graduate students can receive both the Unsubsidized Student Loan and Direct PLUS Loan for Graduate and Professional Students. To see all the ways you can use to pay for college, review our Financial Aid Flowchart

Of course, if you still need funding to pay for college beyond what you receive in free money and federal student loans, you can always pursue a private student loan.



Options For Private Student Loan Repayment #payday #loans #uk


#student loan options
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Fundamental essentials items which have time to Options for private student loan repayment time support people today to result from danger problems. Now after you will confront or struggling with then you should not go just about anywhere just apply with lending options unemployedand get instantaneous overall flexibility from your disaster Options for private student loan repayment price.

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Based on the demands of your Options for private student loan repayment credit seekers, the lending company allows such loans. As an alternative, they Options for private student loan repayment bring a more elaborate way of reviewing to your credit rating. Client can reimburse sum in modest dividers.

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Repayment Options For Student Loans #installment #loan #calculator


#student loan options
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The conditions ought to be obvious for you. The process is identical either way different types of bank loan however the only distinction is, in collateralized form the borrower has got the quantity by pledging some of the advantage as being a safety, although in unleveraged make up the financial resources are acquired without having recognition in the Repayment options for student loans assets from the customer. The Repayment options for student loans financing providers, on the other hand, structure the conditions and ailment by the financial condition from the individuals.

But it’s simple to neglect these kinds of stressful and difficult solutions to get a loan.

personal loan.comparison

With the customer s revenue, paying off capability, credit history the plethora of short term loans is determined from 1000-25 000 for your straightforward settlement phrase of six months to 10 years. You ll want to settle for a competitive mortgage loan so that you can help save several priceless weight on up coming pay Repayment options for student loans day advance when you settle the credit. Any person can be applied for unsecured business loans for various functions like for home rehabilitation, having to pay of outdated debt, charge card repaymants, marriage ceremony, energy bills, assessment costs, and many others.

Good friends less complicated far more suitable to take into account the circumstances this arrangement the borrowed funds will be used and will eventually commonly listen and also procedure the trouble on hand.

You may need to support this data with paperwork. Arrears, foreclosures, delayed installments, CCJ etcetera, are suitable with no credit score issue. Without equity, the Repayment options for student loans interest rate will likely Repayment options for student loans be larger.



Types of Loans – Credit: Different Credit – Loan Options #loans #uk


#what is a loan
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Types of Consumer Credit Loans

Loan contracts come in all kinds of forms and with varied terms, ranging from simple promissory notes between friends and family members to more complex loans like mortgage, auto, payday and student loans.

Banks, credit unions and other people lend money for significant, but necessary items like a car, student loan or home. Other loans, like small business loans and those from the Department of Veterans Affairs, are only available to select groups of people.

Regardless of type, every loan – and its conditions for repayment – is governed by state and federal guidelines to protect consumers from unsavory practices like excessive interest rates. In addition, loan length and default terms should be clearly detailed to avoid confusion or potential legal action.

In case of default, terms of collection of the outstanding debt should clearly specify the costs involved in collecting upon the debt. This also applies to parties of promissory notes as well.

If you are in need of money for an essential item or to help make your life more manageable, it’s a good thing to familiarize yourself with the kinds of credit and loans that might be available to you and the sorts of terms you can expect.

Types of Credit: Open-End Closed-End Credit Options

The two basic categories of consumer credit are open-end and closed-end credit. Open-end credit, better known as revolving credit. can be used repeatedly for purchases that will be paid back monthly, though paying the full amount due every month is not required. The most common form of revolving credit are credit cards, but home equity loans and home equity lines of credit (HELOC) also fall in this category.

Credit cards are used for daily expenses, such as food, clothing, transportation and small home repairs. Interest charges are applied when the monthly balance is not paid in full. The interest rates on credit cards average 15 percent. but can be as low as zero percent (temporary, introductory offers) and as high as 30 percent or more, depending on the consumer’s payment history and credit score.

Closed-end credit is used to finance a specific purpose for a specific period of time. They also are called installment loans because consumers are required to follow a regular payment schedule (usually monthly) that includes interest charges, until the principal is paid off.

The interest rate for installment loans varies by lender and is tied closely to the consumer’s credit score. The lending institution can seize the consumer’s property as compensation if the consumer defaults on the loan.

Examples of closed-end credit include:
  • Mortgages
  • Car loans
  • Appliance loans
  • Payday loans

Types of Loans

Loan types vary because each loan has a specific intended use. They can vary by length of time, by how interest rates are calculated, by when payments are due

and by a number of other variables.

Student Loans

Mortgages

Auto Loans

Personal Loans

Loans for Veterans

Small Business Loans

Small business loans are granted to entrepreneurs and aspiring entrepreneurs to help them start or expand a business. The best source of small business loans is the U.S. Small Business Administration (SBA), which offers a variety of options depending on each business’s needs.

Payday Loans

Payday loans are short-term, high-interest loans designed to bridge the gap from one paycheck to the next, used predominantly by repeat borrowers living paycheck to paycheck. The government strongly discourages consumers from taking out payday loans because of their high costs and interest rates.

Borrowing from Retirement Life Insurance

Those with retirement funds or life insurance plans may be eligible to borrow from their accounts. This option has the benefit that you are borrowing from yourself, making repayment much easier and less stressful. However, in some cases, failing to repay such a loan can result in severe tax consequences.

Consolidated Loans

A consolidated loan is meant to simplify your finances. Simply put, a consolidate loan pays off all or several of your outstanding debts, particularly credit card debt. It means fewer monthly payments and lower interest rates. Consolidated loans are typically in the form of second mortgages or personal loans.

Borrowing from Friends and Family

Cash Advances

A cash advance is a short-term loan against your credit card. Instead of using the credit card to make a purchase or pay for a service, you bring it to a bank or ATM and receive cash to be used for whatever purpose you need. Cash advances also are available by writing a check to payday lenders.

Home Equity Loans

If you have equity in your home – the house is worth more than you owe on it – you can use that equity to help pay for big projects. Home equity loans are good for renovating the house, consolidating credit card debt, paying off student loans and many other worthwhile projects.

Home equity loans and home equity lines of credit (HELOCs) use the borrower’s home as a source of collateral so interest rates are considerably lower than credit cards. The major difference between the two is that a home equity loan has a fixed interest rate and regular monthly payments are expected, while a HELOC has variable rates and offers a flexible payment schedule. Home equity loans and HELOCs are used for things like home renovations, credit card debt consolidation, major medical bills. education expenses and retirement income supplements. They must be repaid in full if the home is sold.

Whenever you decide to borrow money – whether it is to pay the bills or buy a luxury item – make sure you understand the agreement fully. Know what type of loan you’re receiving and whether it is tied to any of your belongings.

Also, familiarize yourself with your repayment terms: what your monthly obligation will be, how long you have to repay the loan and the consequences of missing a payment. If any part of the agreement is unclear to you, don’t hesitate to ask for clarifications or adjustments.



Student Loan Guide: Learn About School Loan Options in Canada #military #loans #no #credit #check


#loans canada
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A Guide to Student Loans

The average cost of post-secondary education in Canada can top $80,000, making financing a reality for most students. If you re unsure of where to start, use this guide to student loans and learn how to apply for federal, provincial and private loans.

Government school loan programs

The federal government has two programs which can help you fund your education. You can apply for school loans from the Canada Student Loan Program (CSLP) or grants from the Canada Student Grants Program (CSGP). Visit www.canlearn.ca to learn more and see how you can apply.

Canada Student Loan Program. Whether you re a full- or part-time student, you can apply for a loan through this program. If your application meets the established requirements for financial need, you could be eligible to receive up to 60 percent of the cost of your tuition in federal loans. There is also a maximum amount you can receive, and that is subject to change, so consult the latest literature to review this cap. When you graduate, you will owe the loan amount plus interest back to the government.

Canada Student Grants Program. This program combines all of the previously available federal grants into one plan. Again, you have to apply for a grant and demonstrate financial need. If your application is accepted, you could be eligible for grant money, which you do not have to repay upon graduation. There are also grants for individuals who fall into certain categories, such as those who are disabled or are supporting children while attending school.

Provincial and territorial school loans

When you max out your federal benefits or if you are denied federal financial assistance, you may be able to find support from the province or territory that you reside.

Alberta. The Alberta Learning Information Service offers scholarships, bursaries and school loans plus financial planning resources.

British Columbia. StudentAidBC provides loans, scholarships, grants and more. They also have special information for applicants who have dependents, disabilities, use income assistance or have other unique situations.

Manitoba. You can apply for tuition loans and grants through Manitoba Student Aid. If you re a medical student, review the special section on medical grants.

New Brunswick. Apply for full-time or part-time student assistance through New Brunswick s Student Financial Services. You ll find all the information and forms you need for provincial aid.

Newfoundland and Labrador. Learn about your financial assistance options with Newfoundland and Labrador Student Aid. Start your full-time or part-time loan application, or read more about grants and other aid options.

Northwest Territories. Find student handbooks, policies, procedures and applications for aid from NWT Student Financial Assistance .

Nova Scotia. Visit the Nova Scotia Student Assistance department to view your student aid options. You can apply for student loans and find approved institutions.

Ontario. The Ontario Student Assistance Program seeks to provide financial support to its residents through student loans, grants, scholarships and bursaries. You may be eligible for aid whether you are a full-time or part-time student.

Prince Edward Island. Apply for provincial loans through PEI Student Financial Services. They offer both full- and part-time funding.

Quebec. Take advantage of loans and bursaries for both full- and part-time students from the Aide financiere aux etudes .

Saskatchewan. View your student loan options through the Saskatchewan Student Financial Assistance program. Learn more about student assistance with the Student Loan Handbook, and then apply for loans.

Yukon Territory. See if you re eligible for aid from Yukon Student Financial Assistance. Learn about grants, loans, scholarships, awards and other funds you can take advantage of to help pay for your education.

Private student loans

If you’ve maxed-out government aid options, look into school loans and lines of credit from CIBC. For example, with an Education Line of Credit. you can get the money you need to pay for books, housing, tuition, transportation and more.

If you re a student working toward a professional degree in medicine, accounting, dentistry, law, business, pharmacy or other programs, you can take out larger tuition loans and lines of credit to accommodate the increased costs of these schools. CIBC offers the Professional Edge Student Program. which is a line of credit that comes with repayment options to fit your budget.

You can also use the equity in your home or your parents home to get a lower interest rate on a Home Power Plan that can be used to fund your education.

You can apply online or get your questions answered by talking to a CIBC advisor at 1-866-525-8622 .



How to get a business loan, options & requirements #amortization #loan #calculator


#business loans australia
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Not what you’re looking for?

On this page

  • Choosing a loan you need
  • Improve your loan approval chances
  • Risk assessment

How to get a business loan

When applying for a business loan, it’s essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information helps the lender to provide you with the right type of finance and advice.

Decisions to make

Deciding that your business needs a loan is only the first step. There are a number of things to consider before you approach a lender; how much do you need to borrow; what type of loan will you need; how long will you need it for; can the business afford to repay the loan, interest and any one-off or ongoing fees that come with the loan; what security can you offer the lender and how this affects the interest rate offered.

Find and compare loan options for your business with the Infochoice Small business loan tool.

Online repayment calculators are a good tool in researching options but make sure you take the following into account:

Access to funds you borrow

If you need to access the funds on a semi regular basis (i.e. to help with cash flow to keep the business operating while waiting for your customers to pay for goods etc.), ‘at call’ loans such as an overdraft or line of credit are designed for this purpose. However, if you need the funds to buy a new business or equipment etc. to expand your existing business you will need the funds ‘upfront’. This is also known as a ‘fully drawn advance’ and provides you with the entire loan amount all at once.

Loan terms

Loans provided upfront will need a portion of the loan plus interest paid back at regular intervals. The repayment amount will depend on the term or length of the loan. To determine the loan term suitable for your business you will need to calculate how much you can afford to service the loan. Be aware that the longer the loan term the more total interest you will pay. Loans that are at call have no fixed terms.

Ongoing funding

This is the average amount of an overdraft or line of credit that is used at any one time. E.g. You may wish to have an overdraft limit of $20,000 to provide money for the occasional big expense, but usually you won’t use more than $5000 of that credit limit on average. So in this case $5,000 is the level of ongoing funding you need.

When applying for an overdraft limit, things to watch out for are:

  • higher the overdraft amount higher the fees
  • clauses where the lender can demand repayment of the whole loan at any time.

Fixed or variable interest rate

The choice of rate will affect the stability of repayments, overall cost of the loan and the loan features available. With a fixed rate loan the lender bears the risk of interest rate moves, while with a variable rate you will bear this risk. Ultimately, the choice of variable or fixed rates will depend upon how much free cash flow your business generates after you have paid all your expenses, including loan repayments. If your business has a low profit level, a variable rate loan repayment may rise beyond your ability to pay.

Loan security

Loans can be secured or unsecured by various types of assets, including residential, commercial, rural property or business assets. Alternatively, some loans are unsecured by any asset. Generally the less you provide for security the higher the interest rate will be. Be aware the lender has the legal right to seize any property or asset you offer as security if you can’t repay a loan on time.

Fees

There can be fees which can make a loan less attractive than it first seems. These include one-off fees such as establishment/application fees, exit/discharge fees and early termination fees or regular fees such as service fees or line/credit advance fees. The Business Loan Finder tool includes the cost of set-up and ongoing fees in the average monthly repayment to give you a better idea of the true cost of the loan.

Seek advice

The information provided here will provide you with a range of possible finance options. It is important to seek advice from your accountant or business advisers before approaching a lender for a loan.

Tip: Use our below Cashflow forecasting template to plan your cash flow and work out how much you need to lend.

Plan the business, plan the finance

Lenders will ask for a lot of in-depth information about the financial history of the business. It’s also important for you to create a convincing and detailed business plan which should include a profit and loss budget and cash flow forecast. The information you use to build your business plan may also be needed by the lender to assess your project. This includes both the past and future plans for your business, the people working in it and the market itself.

The outcome of your application is strongly influenced by how well your proposal is researched and how well it is presented.

Risk assessment

Banks and other lenders will look at your businesses risk profile when considering your loan application. Understanding what lenders look for and what they consider risky will help you present your business in a favourable manner.

As a general rule, lenders look for:

  • the level and nature of your security (what you’re offering to give them if you can’t repay the loan)
  • your ability to make regular loan repayments (cash flow risk)
  • your ability to ultimately repay the debt (business risk), including any other debts you might already have.

You need to be able to assess the level of cash flow or business risk in your specific circumstances. A projection of the cash requirements of the business is most important to a lender, as it is the actual cash left after expenses that will repay the loan, not income. It also shows you are an effective manager.

A lender’s perception of risk

The following factors can influence your lender’s perception of risk. If a number of these areas apply to you and your business you may need to consider another source of finance.

Risk factors:

  • start up businesses incorporate financial, business and management risk
  • lack of security
  • lack of business history
  • industry sector, factors will include levels of competition, barriers to entry, profitability profile and current economic conditions
  • highly seasonal businesses e.g. suimsuits, agriculture. You’ll need to demonstrate how you’ll deal with cash flow pressures in the off season
  • lack of planning, market knowledge and finance skills
  • poor credit history.

Watch out! Before entering into a payment arrangement with the Tax Office, businesses should discuss this with their current or future lenders. Many businesses are unaware that entering into a payment arrangement with the Tax Office or other government agencies may adversely affect their current and future financing arrangements. For instance, a lender may not lend to a business if it is currently in a payment arrangement.

For more details visit the Guide to managing your tax debt on the ATO website.



Home Financing Options – How to Finance a Home Purchase #home #mortgage #loans


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Home Financing Options

By Brandon Cornett | 2015, all rights reserved | Duplication prohibited

to see how much you can afford.

This article explains the financing options that are available to a first-time home buyer. We will talk about the different ways to finance a home, the pros and cons of each method, and other important topics for buyers.

Home Financing Defined

Within the context of this article, home financing refers to the mortgage loans people use to buy a house. This is one of the most important topics a first-time buyer must understand. It’s also where a lot of people make big mistakes, by choosing the wrong kind of loan for their situation.

With that basic definition out of the way, let’s talk about the different types of loans you can use to finance your home purchase.

Different Ways to Finance a Home

Understanding your home financing options is the first step to making a smart choice. So before we go any further, we need to talk about the different kinds of mortgage loans that are available to you. These days, most home loans fall into one of two categories. They are either fixed- or adjustable-rate mortgages. The primary difference between them has to do with the interest rate, and how it behaves over time.

With a fixed-rate mortgage loan, the interest rate you have at the beginning of the loan is the same rate you’ll have at the end of the loan (when you either sell the house, refinance the mortgage, or pay the loan off entirely). This is the primary benefit of this financing option — there are no surprises later on down the road. The initial rate you obtain follows you for the entire life or term of the loan.

Here are some related articles to help you learn more about this topic:

As the name implies, an adjustable-rate mortgage loan (ARM) works much differently. With this home financing strategy, the rate will change at a specific interval — usually every one to five years. When used properly, an ARM loan can save you money in the short-term. When used incorrectly, they can bring a lot of risk into the equation. Adjustable mortgages are rarely a smart option if you plan to stay in the home for a long time. In that kind of long-term scenario, a fixed rate loan is a better financing option for you.

Most of the adjustable mortgages in use today start off with a fixed rate for a certain period of time. After that introductory stage, however, the rate will begin to adjust or reset at specific intervals. Because of this, they are also referred to as hybrid loans. A person who only plans to live in a home for a few years might use an ARM loan to save money in the short-term. But once you get past the fixed stage of the loan, you have no idea what the rate will do (aside from changing in some way). If the rate adjusts upward by several percentage points, it could significantly increase the size of your monthly payment.

Remember, the interest rate is part of your overall mortgage payment. So when it goes up, your payment goes up as well. Depending on how much the payment increases, this could make the loan unaffordable for you. This is a very real risk that comes with this particular home financing option, so it’s a risk you need to take seriously.

If you think you might use an ARM loan to finance your home purchase, you have plenty of homework ahead of you. Here are some related articles to get you started:

Many first-time home buyers use FHA home loans as a financing option, and there are several key reasons for this. For one thing, a home buyer who uses an FHA loan can make a smaller down payment (when compared to someone who uses a conventional loan). Generally speaking, FHA mortgages are easier to qualify for, as well. This makes them popular among people with less-than-perfect credit. These two factors combined to make the FHA loan one of the most popular home financing options for first-time buyers.

If you want to finance your house with this type of loan (or simply learn more about it), you’ll find the following articles helpful:

Choosing the Best Option

These are some of the different ways you can finance a home purchase. So which option is right for you? In reality, there is no way I can answer this question for you, because I simply don’t know your situation. Depending on (A) your long-term plans, (B) your financial situation, and (C) your level of qualification, one financing option may be better than another. What you must do, as a home buyer, is learn about the pros and cons of each strategy. Once you do that, one option should emerge as the obvious choice for you.

For example, we talked about the primary differences between fixed and adjustable-rate mortgage loans. If you plan to stay in the home for many years, the fixed-rate loan is probably the best option for you. This method of home financing gives you the most predictability over the long term. No matter what happens with the economy, you’ll know that your interest rate will always stay the same. On the contrary, the interest rate on an ARM loan will change periodically. So it might not be the best finance strategy for a long-term stay. This is a prime example of choosing the best type of mortgage based on your particular situation .

This is obviously a top-level guide to home financing options, and that was my purpose. I wanted to give you a brief overview of the various ways to finance a home, and then provide you with some links to related information. I’ve hand-picked a few articles that will make a good follow-up to this one, and I highly recommend you read those as well. You can find these articles through the hyperlinks spread throughout this lesson.

I hope you’ve found this guide to home financing options helpful, and I wish you well in your future real estate endeavors.



Student Loan Options For Repayment #debt #loans


#student loan options
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These are typically short term loans Student loan options for repayment collaborating 3rd party loan Student loan options for repayment providers on the internet contain the ideal spouses.

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Need Installment Loan For Bad Credit

One can possibly choose to utilize only in times of fiscal trouble though we have a amazing task for atleast 6 financial loan months as an element of virtually every personal, can Student loan options for repayment make.

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Need Installment Loan For Bad Credit

Initially the several, and you will get a standard bank screening account as on the dollar amount and switch Student loan options for repayment lend it into Homeland Security.

They’re quick unsecured loans partaking 3rd party loan providers on-line possess the appropriate lovers.



Explore Graduate Student Loan Options for 2014 – US News #medical #school #loans


#graduate school loans
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Explore Graduate Student Loan Options for 2014

Graduate and professional students have several private and federal loan options available.

Unlike undergraduates, who can qualify for Pell Grants and other subsidies, student loans are the primary financial aid vehicle for graduate students. Fortunately, grad students have several funding options to choose from.

• Stafford loans. Most graduate students can borrow up to $20,500 a year in federal Stafford loans and cannot exceed $138,500 between undergrad and grad school. Those limits jump to $47,167 annually, with a lifetime cap of $224,000, for students in certain health fields.

Graduate students only qualify for unsubsidized Stafford loans, which begin accruing interest immediately. Student loan legislation passed in August 2013 tied federal student loan interest rates to the interest rate on the 10-year Treasury note. As the rate on that note increases, so do the interest rates on Stafford loans and Direct PLUS loans.

Interest rates for new loans are determined as of June 1 each year and locked in for the life of the loan. The rate for graduate Stafford loans is equal to the rate of the Treasury note, plus 3.6 percent, and is capped at 9.5 percent. Grad students who borrowed a Stafford loan for the 2013-2014 school year did so at an interest rate of 5.41 percent. Stafford loans come with federal loan benefits, including flexible repayment plans and certain loan forgiveness programs .

• Graduate PLUS loans. Students can cover their entire out-of-pocket costs each year – including living expenses – via the PLUS loan program. Unlike other federal loans, borrowers must pass a credit check, and those with an account in collections or a bankruptcy on their record may be denied.

Like Stafford loans, the interest rate on new PLUS loans is determined annually using the rate on the 10-year Treasury note as of June 1. Graduate students will pay that rate plus 4.6 percent, with a cap of 10.5 percent. Grad PLUS loans borrowed for the 2013-2014 school year have an interest rate of 6.41 percent. The interest rate is locked in for the life of the loan.

Grad PLUS loans also qualify for federal repayment options such as graduated or income-based repayment, as well as loan forgiveness.

• Perkins loans. Graduate students with limited financial resources may qualify for a Perkins loan, but experts warn that these funds are few and far between. While the Perkins loan is a federal program, the funds are doled out by the institution and loan payments are made directly to the school.

Qualifying students can receive up to $8,000 a year in Perkins loans, which come with a fixed interest rate of 5 percent. Unlike Stafford and PLUS loans for graduate students, interest on Perkins loans does not begin accruing until nine months after graduation.

• Private loans. In some cases, students can borrow loans with interest rates starting as low as 2.25 percent. But if the rate is variable it can change dramatically over the course of the loan, and students could wind up paying a lot more than they initially planned.

Several private lenders, such as Wells Fargo and Sallie Mae, also offer loans with fixed interest rates, which may be lower than the rates available via federal PLUS loans. While the loans may seem enticing, students should fully understand the terms of the loan before signing on the dotted line, says Justin Draeger, president and CEO of the National Association of Student Financial Aid Administrators.

We almost always say that students should be choosing federal loans over private, Draeger says.

Students who plan to take out a private loan should look for one that mimics the benefits offered with Stafford and PLUS loans, including a grace period for repayment and protection against income loss, he says.



Credit Card Debt Help – Your Options for Avoiding and Handling #online #payday #loans #direct #lenders


#credit card debt consolidation
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Help With Credit Cards

If you’re reading this, it’s safe to say you have at least one credit card. It may be your first card and you’re trying to start on the right foot, or you may have had credit cards for years and are trying to reduce your debt. No matter where you are in your financial life, you can improve your standing by taking note of a few simple tips.

If you’re in good standing with your creditors, stay on solid ground by paying on time and making more than the minimum payment. If you’ve already fallen behind or can’t pay your bills, you can take action to remedy the situation by contacting creditors, undergoing credit counseling or using debt reduction strategies.

Pay on Time

Make an effort to pay on time every single month. This can be a problem for some people if they are forgetful or if they are short on money.

If you miss payment deadlines because you’re forgetful, try using one or all of these techniques:
  • Set up automatic bill payments.
  • Set up reminders online so you receive an email or phone alert when bills near their due dates.
  • Write due dates on a calendar.

Missing payments because of a money shortage is a tougher problem to fix. You may be able to take early action such as contacting your creditors or starting a debt management plan. If you’re far behind on payments, you might be a good candidate for consolidation or settlement.

Make More than the Minimum Payment

You should strive to pay more than the minimum requirement on your credit card debts. Consistently making the lowest possible payment will lead to more interest, more time spent in debt and, inevitably, more frustration.

For example, assume you have a balance of $2,000 on your credit card, your interest rate is 18 percent and your minimum payment is 2 percent of your balance. That means your minimum payment would start at $40 per month. Even if you never make another purchase using that credit card, it would take you 24 years to pay off the debt in full, during which time you’d pay $4,396.57 in interest.

If you slightly increased your payment to $50 per month, you could instead be rid of the debt in just five years and pay only $1,077.25 in interest. By increasing your monthly commitment by even this small amount, you’d save more than $3,000 and be debt-free nearly 20 years sooner.

There are two cases in which it’s acceptable to make the minimum payment:
  • If you are facing atypical and extremely burdensome financial problems, you may decide to make minimum payments for just a few months until you get back on your feet.
  • Or, if you are working on paying off other debts first, you can make the minimum payment on your credit card while putting any extra money toward the other, higher-interest debt.

Contact Creditors

If you’re a regular credit card user, it’s a good idea to establish a good relationship with your creditors. That way, they’ll be able to help you avoid problems and will be more willing to work with you should problems arise.

You can begin to create a good relationship simply by practicing good borrowing skills. If you establish a habit of paying your bill on time each month and paying more than the minimum requirement, you’ll get on your creditors’ good side.

It’s a good idea to contact them even before you reach trouble. You may want to ask for a higher credit limit or a lower interest rate. for example.  When your payment history is good, they will be more likely to improve your rates.

If you’ve established a good rapport with creditors, they’ll also be more likely to work with you if you ever hit financial problems. If you find you won’t be able to pay your bill for the month, for example, you can contact your creditor before the payment is due in order to work out a plan. Your creditor may be willing to modify your payment plan to make your payments more manageable.

Counseling and Debt Management Plans

If making consistent and timely credit card payments is a regular hardship, you may benefit from professional help. Credit counseling and debt management plans can help you get back on track.

Credit counseling can steer you in the right direction after you’ve taken a few wrong turns. An experienced credit counselor can look over your finances and current situation and then help you make a plan to move forward. He or she can help you set up a household budget, savings plan and payment plan for current debts. Your counselor can also gauge if you need more help.

Among your counselor’s suggestions may be enrollment in a debt management plan (DMP). A DMP is best suited for people who can afford their monthly payments but lose track of bills or forget to pay on time. When you enroll in a DMP, you’ll be responsible for just a single payment each month. Rather than paying credit card companies directly, you’ll send money to your credit counselor, who will then disburse the money to your various creditors. This can simplify your monthly bills and may be able to save you money in interest and fees.

Consolidation and Settlement

Consolidation and settlement are more involved approaches to dealing with too much debt. While they require significant planning and commitment, they can help you out of a tough situation when you have too much credit card debt.

Consolidation rolls all your debts into one payment. As with a DMP, it reduces your number of monthly payments. Consolidation may also have the benefits of lowering your interest rate and improving your repayment schedule.

Settlement is a good option for individuals who can’t afford the credit card debt they’ve racked up. You can enlist the help of a debt settlement firm or negotiate directly with lenders to have your debt reduced. When completed successfully, you may owe only a fraction of your original debt.

Credit cards can be useful when used properly. They’re convenient and can improve your credit history. However, misusing or overusing the line of credit can have lasting negative consequences. It’s important to use credit cards wisely and seek help when you need it.



Car Loan Options: Used Auto Loans vs. New Car Loans #mortgage #loans


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Auto Loan: New Used Car Loan Options

Most people today need a loan when they buy a new or used car and the high cost of many vehicles often means that consumers spend years paying off the auto loan. The average length of a car loan at the start of 2015 was 67 months, about five months longer than it was in 2010.

The trend is going even longer with 30% of car loans now stretched between 72 and 84 months. The average amount financed in 2015 was $28,711 with average monthly payments of $485, a record high for both length of loan and amount financed.

Types of Auto Loans

Not all car loans are alike. The most common types of car loans include:
  • Simple Interest Loans are the most common type of auto financing available. The interest rate is based on the outstanding balance of the loan. Borrowers can save on interest costs by paying more than their standard

monthly payment.

  • Pre-Computed Loans refer to financing where all interest and principal payments are pre-calculated before the borrower and lender agree and sign the paperwork. Although this loan was widely used in the past, most people don’t opt for this restrictive method of financing because it doesn’t allow for early repayment of the loan.
  • Much more risky is borrowing money based on equity in the car you already own. These car title loans mostly appeal to people who have fallen on hard times and need cash they cannot borrow elsewhere. Interest rates on these short-term loans can be sky-high, and a borrower who fails to pay can find himself deeper in debt and at risk of losing his car.

    Now that you understand the various loan options available for purchasing a car, buyers have a number of potential sources for securing the necessary financing.

    The most common places to secure auto loans are:
    • Banks. Getting financed through a bank is typically the easiest route because commercial and private banks have large pools of capital. A bank could be your best bet if you are looking for the lowest interest rate. Banks can also be a quicker and more convenient source for car loans because they are structured to make a large number of transactions in a short period of time.
    • Credit Unions. These nonprofit organizations can offer competitive interest rates, but you need to be a member to utilize their services. Criteria for membership varies, but credit unions may focus on people who work in specific industries, live in a certain area or belong to a particular group.
    • Car Dealerships. Car dealerships offer financing to help sell cars. They often have established relationships with lenders, which can help you get a loan quickly and without a lot of legwork on your part. Keep in mind, however, that dealers typically make a considerable profit on loans, so it pays to understand the interest rate and other terms being offered.
    • Home Equity Loans. These are an alternative to a traditional auto loan. Financial institutions often lend money to borrowers based on the equity in their homes, called a home equity loan. This money can be used for many purposes but a popular one with many borrowers is buying a new or used vehicle. One particularly attractive feature is that interest on these loans is typically tax-deductible.

    How Does Car Loan Interest Work?

    The typical automobile loan is calculated using simple interest, meaning you pay interest only on the principal owed.

    This is similar to the method used in repaying mortgages and student loans, but vastly different from the method used with credit cards, where compound interest creates a much larger bill for the borrower.

    For example, a simple interest automobile loan of $18,000 at an interest rate of 9.9 percent (typical in 2015 for someone with credit score of 640) would mean monthly payments of $332.55 and cost $23,944 when the loan is paid off.

    Compare that to the same loan, using compound interest. The $18,000 loan would end up costing $32,522. Interest payments alone would be $14,523. That is why credit card debt builds so rapidly and why you should insist on a simple interest loan when buying a car.

    Car Loan Rate Tied To Credit Score

    Your credit score determines how much of the car a lender is willing to finance. You probably have heard advertisements for “zero percent interest” from dealers. They do exist, but you must have a credit score of 750 or higher to get them.

    If you have bad credit (such as a credit score under 550), the best you can hope for is they will finance 80% of the car’s value and you will have to make up the remaining 20% with a down payment.

    Credit scores and interest rates operate in a see-saw fashion on auto loans. As your credit score rises, the interest rate you pay drops. If your credit score drops, the interest rate goes up.

    For example, in 2015, a credit score of 740 would get you a 72-month loan at 2.9%. A credit score 100 points lower (640) and you’ll be paying 9.9%. Drop another 20 points to 620 and the rate goes up to 12.49%.

    To put that in dollar terms, if you finance $18,000 for the car, the difference between a very good credit score (740) and an average score (640) is $4,311 over the life of the loan. The difference between the very good and poor score (620) is $6,035 over the course of six years.

    Car Loan With Bad Credit

    It is not impossible to buy a new car with bad credit, but lending institution can make it very difficult and definitely expensive.

    Lenders know they are at considerable risk by making car loans to people with bad credit or no credit so they take as many steps as possible to minimize the danger. It is not unusual for them to ask for a substantial down payment and charge an interest rate that is at least 10 points higher than someone with good credit pays.

    This allows the banks to get closer to break even if the borrower defaults on the loan two or three years after purchase. A car loan is a secured, which means the vehicle serves as collateral on the debt. If you fail to make your payments, the lender can seize it as payment. This is much safer for the lender than unsecured debt, such as a credit card account. where the lender has only the card-holder’s promise to pay.

    A borrower with bad credit has some financing choices, but they are limited. The borrower’s best recourse is to start with a clean record, meaning pay off any outstanding car loans and other debts before shopping for a new car. That not only improves your credit score, it allows time to save up a down payment. Another option is a shorter loan term. Although the average car loan is 72 months or longer, ask for a 48-month term and the interest rate will drop by a percentage point or two.

    The next possible option is to save until you have a large down payment. If you can cover at least 20-30 percent of the cost with a down payment and take advantage of any dealer incentives and rebates when buying the car, you help avoid being in an upside-down position when financing the car. You may still have to pay double-digit interest rates at the start of a loan, depending on your credit score, but two or three years down the road, you can look for an opportunity to refinance the loan when your credit score has improved.

    If you have poor or no credit you should also consider purchasing a used car that is 1-to-3 years old. You would enjoy a sizeable reduction in price, which means borrowing less and paying less interest in the process. The good news is that interest rates on financing a late model car should be similar, if not exactly the same, as purchasing the car new.

    Negotiating A Better Car Deal

    There may be room to negotiate the final price of the car, but there is little or no room to bargain when it comes to financing the car.

    Smart buyers know their credit score before they start looking for a car and use that information to get pre-approved for a loan from their bank or credit union.

    When you decide the car model you want to buy, it’s possible to take the terms from your bank into the dealership and ask them to beat it, but only if your credit score supports it.

    Most dealerships have relationships of their own with banks and credit unions, but use a customer’s credit score as the measuring stick for what interest rate to charge on the loan. It’s possible there might be a light difference, but seldom enough to change a deal.

    What About Leasing?

    As car costs have risen, leasing has become a popular alternative to buying. In recent years, leases have comprised more than 30% of new vehicle transactions.

    On the surface, leasing and buying with a loan may look similar. Both involve payments over time, but what you are buying is different.

    With a car loan, you eventually will pay off the loan and own the car. Your payments end and you have the option of keeping the car as long as you like — or as long as you can keep it running – or selling it.

    With a lease, you likely will have a lower down payment, lower monthly payments and lower maintenance costs compared to taking out an auto loan. This is part of the appeal of a lease.

    However, at the end of the lease you do not own the car. At this point you have two options: buy the vehicle, which can require taking out a loan, or begin a whole new lease



    Brexit: What are the options? BBC News, options trading magazine.#Options #trading #magazine


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    Brexit: What are the options?

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    The UK government and the EU have set out their demands and formal Brexit negotiations are due to begin next week.

    It comes in the aftermath of a general election that Theresa May hoped would strengthen her negotiating hand – but which ended up wiping out her majority.

    Those who are hoping to keep close ties with the EU feel emboldened – they say the result was a rejection of the PM’s approach and are calling for a compromise on her negotiating demands.

    But ministers say there will be no change of course – saying last year’s vote to leave must be honoured.

    With extensive talks to come, and little expected to be decided before German elections in September, it will be a while before we get to see what Brexit looks like.

    In the meantime, here’s a guide to some of the key subjects up for discussion.

    Hard Brexit or soft Brexit?

    There is no strict definition of either, and they sometimes mean different things to different people, but they generally refer to the closeness of the UK’s relationship with the EU, post-Brexit.

    So at one extreme, “hard” (or “clean”) Brexit could involve quitting without a deal in place.

    This would mean no compromise on issues like the free movement of people, leaving the EU single market and trading with the EU as if it were any other country outside Europe, based on World Trade Organization rules.

    This would mean – at least in the short term before a trade deal was done – the UK and EU would probably apply tariffs and other trade restrictions on each other.

    At the other end of the scale, a “soft” Brexit could involve keeping close ties with the EU, possibly through some form of membership of the European Union single market, in return for a degree of free movement.

    What the UK wants: Mrs May has said she is hoping to secure a deal that is good for both sides – but has not ruled out leaving without one.

    The UK’s trade with the EU

    As part of the EU, the UK is in its single market, enabling tariff-free trade between members.

    But what will happen when it leaves?

    Some other countries already have their own arrangements and these could give an idea of what is to come for the UK.

    Norway, for example, has full access to the single market, but is obliged to make a financial contribution and accept the majority of EU laws and all EU citizens can move to live and work there, under free movement laws.

    Another example is Canada – which has agreed a new trade deal including preferential access to the single market without all the obligations faced by Norway and Switzerland, whose access to the EU market is governed by a series of bilateral agreements.

    What the UK wants: Mrs May says the UK will not accept the free movement of people – and will withdraw from the single market. In its place, she wants to draw up a comprehensive free trade deal with the EU. And while post-Brexit Britain may contain elements of the arrangements described above, Mrs May has stressed the UK does not want an “off the shelf” deal.

    Access or member?

    “Access to” and “membership of” the single market are sometimes used interchangeably but they mean very different things.

    All 28 EU countries are full members of the single market which enables them to trade with one another based on the four freedoms of the EU: free movement of goods, services, capital, and people.

    The European Economic Area (EEA) on the other hand is the name of the open internal market between the EU and Norway, Iceland, and Liechtenstein.

    The EEA agreement grants these three countries near-full access to the European single market. In return, they are subject to obligations from EU legislation in relevant areas and have to accept free movement of people.

    What the UK wants: Instead of its current membership, a new trading relationship, which “may contain elements” of the single market.

    What about immigration?

    Once it leaves the EU, the UK need no longer be subject to free movement rules allowing citizens to work in other countries.

    So it will get to set its own entry rules for people living elsewhere in Europe.

    The government has promised to bring down net migration, but how it will do this is not yet clear.

    During the referendum campaign, Vote Leave called for a “points-based” system, similar to that used in Australia.

    But this model, which would involve applications being accepted on the basis of skills, has been rejected by Mrs May, who says it would not give sufficient control to the government.

    An alternative is to require migrants to have a work permit before coming to work in the UK, with ministers able to prioritise different sectors.

    It has also been reported a visa waiver scheme, similar to that used by the US, could apply to Britons going to the EU.

    This could involve an online application and paying a fee in order to visit the EU, without requiring a full visa.

    What the UK wants: Free movement to be replaced by a system “that allows us to control numbers and encourage the brightest and the best to come to this country”.

    What’s a customs union?

    A customs union is an arrangement between countries who agree not to impose tariffs on each other’s goods.

    They also agree to impose common external tariffs on goods from countries outside their customs union.

    Setting common external tariffs is what distinguishes a customs union from a free trade area, where members are able to set their own tariffs on goods from the rest of the world.

    As an EU member, the UK is currently part of its customs union.

    But you do not have to be a member state to be in a customs union with the EU.

    After Brexit, the UK could adopt a similar model to Turkey, which is not an EU member but trades with the EU as part of a customs union.

    However, this would be unpopular in some quarters as by agreeing to set common external tariffs, customs unions also limit the freedom of their individual members to strike their own trade deals.

    What the UK wants: Instead of its current membership of the customs union, the UK will “seek a new customs arrangement with the EU”.

    What difference will the general election make?

    It has been suggested the new Commons arithmetic could influence the way Brexit pans out.

    For example, the new minority Conservative government is relying on the support of Northern Ireland’s Democratic Unionist Party to stay in power.

    The DUP is a strong supporter of Brexit – but also wants to avoid a hard border between Northern Ireland and the Republic of Ireland and to prioritise close trade with the EU. These may not be possible under the “no deal” scenario Mrs May has refused to rule out.

    Meanwhile, after the Tories gained 12 seats in Scotland, Scottish Conservative leader Ruth Davidson said it was time to “look again” at Brexit and seek cross-party support, saying free trade should be at the heart of the final deal.

    Pro-EU campaigners claim there is no longer a Commons majority for a “hard Brexit” – but whether this is the case, or how much influence MPs will exert, is far from clear.

    Transitional arrangement

    There has been much talk of an interim deal between the UK and the EU before the final terms are agreed.

    Supporters of the plan say it would avoid the “cliff edge” scenario which could see tariffs imposed on businesses as soon as the UK leaves the EU, and prevent a shock to the economy.

    This seems to be accepted by Mrs May, who has spoken of the need to allow businesses and government the time to adapt to the new arrangements.

    Not everyone is convinced this is necessary – and some Conservative MPs want the UK to leave the EU before negotiating the terms.

    What the UK wants: A “phased process of implementation” but not an “unlimited transitional status”.



    Online Graduate Programs in School Counseling: Degree Options #online #counseling #graduate #programs, #online #graduate #programs #in #school #counseling: #degree #options


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    Online Graduate Programs in School Counseling: Degree Options

    Essential Information

    Many colleges and universities offer master’s programs in school counseling that can be completed primarily through online studies. These programs have extensive internship and practicum requirements which can usually be fulfilled at a school convenient to the student. Some programs also require short on-campus residencies.

    Students in a master’s degree program in school counseling gain an understanding of the counselor’s role and the fundamental principles of school counseling. Students explore the legal and ethical issues of counseling and learn about working with families and handling crisis situations.

    Every state requires that public school counselors be licensed. In most states, this calls for a master’s degree in counseling from an accredited program. The training must include an internship supervised by a licensed counselor. In some states, counselors must be licensed teachers or have teaching experience.

    Find schools that offer these popular programs

    • College Student Counseling

    Master’s Degree in School Counseling

    Online graduate programs in school counseling provide the knowledge and skills needed to manage and administer counseling programs that address the educational, personal and social needs of students at K-12 schools. The curriculum includes courses in prevention services, counseling and early identification. Students also study coping strategies, crisis management and disaster response counseling. Through required coursework, students gain an in-depth understanding of the counseling principles and concepts that are needed to pursue certification as a professional school counselor.

    Program Information and Requirements

    Most online school counseling programs are designed so the majority of coursework can be completed online. However, in addition to the required coursework, most online graduate programs require students to complete a 100-hour practicum accompanied by a 600-hour internship under the supervision of a licensed school counselor in a school setting local to the student’s residence.

    Some programs also require short residency periods on campus that can last anywhere from 4-6 days per semester. Online graduate programs in school counseling usually require two years to complete.

    Course Topics

    Online coursework combines theoretical, clinical and professional instruction to fully prepare students for certification. Courses cover a variety of topics, including ethical practices, counseling principles and psychological foundations.

    Multicultural Counseling and Psychology

    Students are asked to examine the theoretical backgrounds of major cultures and apply their knowledge to the psychological functioning of various client populations in this class. Additional topics include issues in cross-cultural psychology, research methods and counseling methodology.

    Group Counseling

    Through class participation exercises, students learn to play an active role in the group therapy process. Students study the theories and principles of resistance, group climate, transference and stages of development.

    Life Planning and Career Development

    Lessons in this class include an overview of the many factors that can play a role in career development and future occupational choices. Students examine the impact of technology, diversity issues, assessment procedures and sources of information.

    Career Information

    Graduates who have completed an online master’s degree program in school counseling have the training needed to pursue employment opportunities with both private and public K-12 school systems. Employment of school and career counselors was projected by the U.S. Bureau of Labor Statistics (BLS) to grow by 8% between 2014 and 2024 (www.bls.gov ). The BLS also reported that as of May 2014, the median annual wage for educational, guidance, school and vocational counselors was $53,660.

    Continuing Education Information

    Although requirements for certification may vary, almost all states require school counselors to be certified. Typical requirements include a master’s degree in the field and participation in continuing education on an ongoing basis. Some states require school counselors within the public school systems to have a teaching certificate and several years of teaching experience prior to becoming certified as a counselor.

    Over the duration of a master’s degree program in school counseling, students gain the skills required to provide effective counseling to children in educational settings. This course of study can largely be completed online, though there will likely be an in-person component due to internship or residency requirements.

    Next: View Schools

    Minimum eligibility requirements:
    • Psychology programs do not lead to licensure and do not prepare an individual to become a licensed psychology professional
    • An online degree does not lead to teacher licensure in any state; online education programs are not CAE or TEA or NCATE accredited which is a requirement for certification in some states.
    • Doctorate
        • Doctor of Philosophy in Education – Distance Learning
        • Doctor of Philosophy in Education
        • Doctor of Philosophy in Education – Curriculum, Instruction, and Assessment
        • Doctor of Psychology – Educational Leadership
    • Master
        • MA Counseling
        • MA Counseling – Addiction Counseling
        • MA Counseling – Clinical Mental Health Counseling
        • MA Counseling – Marriage, Couples, and Family Counseling
        • MA in Psychology, Career Management & Counseling
        • Master of Arts in Education

    Get Started with University of the Rockies

    • Doctor of Philosophy in Education – Distance Learning
    • Doctor of Philosophy in Education
    • Doctor of Philosophy in Education – Curriculum, Instruction, and Assessment
    • Doctor of Psychology – Educational Leadership
    • MA Counseling
    • MA Counseling – Addiction Counseling
    • MA Counseling – Clinical Mental Health Counseling
    • MA Counseling – Marriage, Couples, and Family Counseling
    • MA in Psychology, Career Management & Counseling
    • Master of Arts in Education
    • View more
    • Ph.D. in General Psychology – Integrating Technology, Learning, and Psychology
    • Ed.D. in Organizational Leadership – Higher Education Leadership
    • Ed.D. in Organizational Leadership in – K-12 Leadership
    • EdS in K-12 Leadership
    • MS in Professional Counseling
    • M.Ed. in Educational Administration
    • M.Ed. in Educational Leadership
    • MA in Curriculum and Instruction
    • View more


  • Options Trading Course – Learn How to Trade Stock Options – Simple 7 Step System #options #trading,stock #option #investing,explain #option #trading,trading #stock #options,money


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    The “Experts” Claim That Options Trading is Risky Yet Options, When Used Correctly. Can Reduce Overall Investment Risk and Even Provide a Steady Stream of Retirement Income.

    When I first learned about options trading I was completely skeptical.

    The above statement sounded “too good to be true “. This is precisely why I created a FREE $3,000 web based options trading course to prove that it is true.

    The course will teach you how to make money in up, down, or sideways markets.

    And I FULLY expect you to verify each and every claim in this options course. It’s what any prudent investor would do.

    So hold your judgement until you verify everything I am saying.

    To make things easy for you I made this home page the starting point of the web based options course. To get started, just fill out the form below.

    Step 1: Enter your email below. The Transparent Trading Newsletter will give you full access to the course as well as the bonuses. I’ll send you daily emails to guide you through the course and from time to time I’ll send trade alerts so you can see what I trade in real time.

    Discover five ways to achieve financial freedom in five years or less by entering your email to the right (unsubscribe at anytime).

    If you prefer to learn on your own, just read the overview below which will give you a big picture overview of the course.

    If you properly learn the option trading strategies taught in the course you’ll be able to make money regardless of the direction of the stock market (up, down, or sideways).

    Trading stock options can be fun and it can also be risky. If you trade the right way the rewards are great, but if you don’t you’ll lose money (trust me, I know from experience).

    However, once you learn the power of put and call options, investing will never be the same again. The versatility and profit potential of options trading is nearly unmatched in the stock market arena.

    I even heard Warren Buffet (the world’s richest investor) uses stock options.

    However, due to the leveraged profit potential, many people are attracted to options trading for the wrong reason.

    So if you are one of the many who are looking for “get rich quick” with no work on your part please look elsewhere.

    I don’t want to teach you until you are clean and off that drug.

    I mainly cater to people who are looking to create an additional stream of income so they can spend more time with their family.

    Thus, I teach a sensible, low risk, approach to investing. But like anything worthwhile, it’s going to take a lot of hard work before you succeed!

    The Learning Modules of the FREE Web Based Options Course.

    The web based options course will teach you the simple 7 step process I use to trade stock options. For the most effective learning experience, read through each lesson in the exact order as they are listed.

    Module 1: Option Basics

    This section goes over the basics of stock options trading. You’ll learn what stock options are, and will be taught the concept of how trading stock options can be profitable.

    Module 2: Option Value

    Stock options are so unique and understanding how options are valued can be confusing. This learning module teaches you the basic components that give stock options their value.

    Module 3: Basic Strategies

    I feel there is no use learning advanced option strategies unless you can make money with the basics, so here I outlined five basic option trading strategies.

    Module 4: Stock Charts

    Stock options are derived from stocks so you need at least a basic understanding of how to read stock charts. This section outlines the basic principles of stock chart reading.

    Module 5: Technical Indicators

    This is a follow up to the stock chart lesson. It goes over a few basic tools used by traders to help them interpret stock price movement.

    Module 6: The 7-step process I use to trade stock options

    This is where all the lessons will be tied together. You’ll be walked through the 3-step process of trading (when to enter, when to exit, and how to manage risk and profits).

    To get started click on this link and you’ll be taken to the first lesson of the course.

    Message from Trader Travis: I don’t know what has brought you to my page. Maybe you are interested in options to help you reduce the risk of your other stock market holdings.

    Maybe you are looking for a way to generate a little additional income for retirement. Or maybe you’ve just heard about options, you’re not sure what they are, and you want a simple step-by-step guide to understanding them and getting started with them.

    I have no idea if options are even right for you, but I do promise to show you what has worked for me and the exact steps I’ve taken to use them to earn additional income, protect my investments, and to experience freedom in my life.

    Just enter your best email below to claim my FREE report: Five Option Trading Strategies I’ve Used to Profit In Up, Down, and Sideways Markets.

    Along with your FREE report, you’ll also get my daily emails where I share my favorite option trading strategies, examples of the trades I’m currently in, and ways to protect your investments in any market .

    Products Created by Trader Travis

    Free Options Course Learning Modules



    Auto Loan Options #business #loans #uk


    #auto loans for bad credit
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    Bad Credit Auto Loans

    We specialize in auto loans for people with bad credit. We have been helping consumers secure financing online for more than a decade, and we have set ourselves apart by not only getting you approved, but by obtaining the largest loan amounts at the lowest interest rates available! Before you apply anywhere else READ THIS: Why us?

    Need An Auto Loan And Have Bad Credit?

    Good credit, bad credit, no credit, bankruptcy, repossession, divorce, child support, self-employed, Tax Liens, Disability, Retired, Social Sec. … are no problem at AutoLoanOptions.com! Check out our Bad Credit Auto Loan checklist to learn more about your particular credit situation.

    Finding The Best Bad Credit Auto Loans

    Don’t let your credit rating keep you from getting approved for financing. Our national network of special finance online lenders, approved dealer partners and sub-prime auto finance companies make getting approved quick, easy and private. All from the comfort of your own home! APPLY NOW to get approved. No matter what your credit situation is, we have AUTO LOAN OPTIONS  for you!

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    Our bad credit auto loans experts can help you after divorce, bankruptcy, and even repossession. These car loan experts will help you get the auto loan you need for the car you deserve.

    Why spend hours in a dealership just to be told that there is nothing that can be done for you? Does this sound familiar? Most car dealers simply do not cater to bad credit consumers, or do not have the strongest subprime banks signed up. In most cases their finance managers lack the ability to structure bad credit car loans correctly; so they focus on easy good credit loans. Most do not even take the appropriate time to interview the customers with credit issues. It’s often the case that lenders will approve consumers with bad credit if they can understand the situations that led to the poor payment history. This lack of expertise often leaves customers feeling guilty or embarrassed as they are denied financing. Acquiring bad credit auto loans should not be an embarrassing process. In fact… customers with less than perfect credit are definitely in the “norm” these days. LEARN MORE

    We at AutoLoanOptions.com are the best in the business at getting good people with bad credit approved for auto loans!

    Why wait. We Can Help..  Apply Online for your bad credit auto loan!



    Payment Options, Nayatel, mobile payment options.#Mobile #payment #options


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    Payment Options

    Mobile payment options

    • Cash
    • Credit Cards / Debit Cards
    • Corporate checks or bank drafts
    • Bill Payment through Easy Paisa
    • Bill Payment at NIB Bank Branches
    • Bill Payment through JazzCash Mobile Account
    • Bill Payment through JazzCash Shop
    • Online Bill Payment with Credit or Debit Card
    • Bill Payment through Cross checks using TCS envelopes
    • Visit nearest Meezan Bank ATM, Pay through Meezan Bank Internet Banking or Use Mobile App (For Meezan Bank Account Holders
    • Visit nearest Habib Metropolitan Bank ATM or pay through HMB Internet Banking (For HMB Account Holders)

    For more information, feel free to contact Nayatel Billing Department

    Nayatel (Pvt) Ltd.

    73-E GD Arcade, Fazal ul Haq Road,

    UAN: 111 11 44 44 (Ext – 3)

    Latest Offerings

    • Mobile payment options
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    Value Added Services

    • Mobile payment options
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    Beginning Farmer Funding Sources and Financing Options #students #loans


    #farm loans
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    Beginning Farmer Funding Sources and Financing Options

    After considering their financial situations, new farmers and ranchers should look to five main funding sources:

    • a few grant opportunities may be relevant
    • more funding sources

    Main Funding Sources

    • Many banks participate with agencies in providing financing to beginning farmers including Aggie Bond programs and guarantee financing through USDA
    • Although it is uncommon, some banks have created local beginning farmer financing initiatives that link funds from depositors to a special lending pool available to beginning farmers. Inquire with your local bank if such a program is available. 
    • Many property owners are willing to contract directly with a beginning farmer for sale of land, machinery, livestock, or other assets
    • Contracts can range from cash deals  to share rent to work-in arrangements in which labor pays for part or all of the property
    • Examples of successful linking strategies

    Farm Credit Services “Young Beginning” Program

    • Farm Credit Services of America offers a Young Beginning loan for less-established producers
    • Designed for producers age 35 or younger, or with 10 years experience or less. Farm Credit Services offers real estate loans, operating loans, and insurance
    • Business Education Reimbursements for business classes and financial management tools
    • Youth in Agriculture Loans of up to $2,500 for students
    • College Scholarships
    • Several states have created a tax-free bond program to assist beginners acquire farmland, buildings, equipment, etc.
    • Some require management courses or business plans (a good idea for any investment)
    • Nebraska. www.nifa.org or call 800.204.6432
    • Other states. http://www.stateagfinance.org/

    USDA Beginning Farmer Loan Programs

    USDA Farm Service Agency (FSA) is the traditional lender of last resort and has its roots in providing funds to beginning farmers. They provide loans with funding Congress appropriates each year with a portion targeted toward beginning farmers.

    • Land Contract Guarantee Program. Landowners willing to sell land to beginning farmers and ranchers on contract can qualify for a government guarantee through FSA. This program will provide one of two types of guarantees, to be in effect for 10 years:
      • “prompt payment” guarantee
      • 90% principal loan value guarantee
    • Operating – Direct Loan. FSA can be used to purchase livestock, farm equipment, feed, seed, fuel, insurance or other operating expenses.  Operating loans can also be used to pay for minor improvements to buildings, costs associated with land and water development, and to refinance debts under certain conditions.
      • Per farm loan limit for direct operating is $300,000
      • Five-year line of credit is also available
      • “Graduation” to guaranteed or commercial credit is mandatory after 7 years. The 7 years can be consecutive or non-consecutive. 
    • Operating – Guaranteed Loan. FSA guaranteed loans are available through local lenders or Farm Credit Services. While the financing is through the local bank, FSA provides a guarantee to the lender up to 95 percent. Interest rates cannot exceed the lender’s average farm customer rate. In certain instances under the Interest Assistance Program, FSA will provide assistance in lowering the interest rate up to 4 percent. The loan limit for guaranteed loans is $1,094,000 (2008), a rate adjusted for inflation each year.
      • Applicant must be unable to obtain credit elsewhere and have an acceptable credit history
    • Ownership – Direct. Loan can be used to purchase farmland, construct or repair buildings, or promote soil and water conservation. The loan limit for direct ownership loans is $300,000. Program eligibility criteria for a direct loan from FSA include:
      • sufficient education, training, and experience in managing or operating a farm
      • applicant must have participated in the operation of a farm or ranch for at least 3 years out of the past 10 years
      • applicant must be unable to obtain credit elsewhere and have an acceptable credit history
    • Ownership – Down Payment Loan Program. Assistance with a down payment is provided by FSA
      • Beginning farmer provides a 5 percent down payment
      • FSA will then provide up to 45 percent toward the purchase, not to exceed its appraised value and not to exceed $500,000.
      • With this $500,000 cap, the maximum FSA loan amount is $225,000.  Note, however, that this is a cap on the amount of the FSA portion of the loan, not a cap on the value of the land to be acquired. The remaining 50 percent then comes from conventional sources, such as the local lender or seller-financing, with amortized payment over a 30-year period
      • FSA loan term is 20 years, with an interest rate that is 4 percent lower than the regular FSA direct farm ownership loan interest rate, but no less than 1.5 percent.  
    • Ownership  – Joint Financing 50/50( “Participation Loans”). This program does not require a down payment by the beginning farmer. FSA will provide up to 50 percent of the financing at an interest rate the same as the regular direct farm ownership loan program. 
    • Ownership – Guaranteed Loans. This is similar to guaranteed operating loans, above. 

    Additional Funding Sources and Information:

    Grant Funding. Unfortunately, there are very few grant opportunities available for beginning farmers and ranchers. Check to see if any of these may apply to your operation.

    Other Beginning Farmer Finance Programs

    • Carrot Project is a privately funded loan program in the northeast
    • Various states provide beginning farmer finance programs, ranging from direct loans for special types of projects to guarantee financing
    • List of states and programs – contact your state department of agriculture for details in your state

    General Production and Marketing Information – ATTRA

    • Free information source for sustainable farmers
    • ATTRA specialists research and send you publications about your interest area
    • A number of topics are available online or by calling 800.346.9140. 


    Commercial Financing Options #home #loan #modification


    #commercial loan calculator
    #

    Commercial Financing Options

    Credit Lines

    Under a credit line agreement, the lender supplies a business with funds intended to fill temporary shortages in cash that are brought about by timing differences between outlays and collections. Typically used to finance inventories, receivables, project or contract related work.

    Short Term Loans

    Short term loans are used for seasonal build-ups of inventory and receivables. Generally they are repaid in a lump sum at maturity. made on a secured basis and are for a term of a year of less.

    Asset Based Loans

    A lender advances funds based on a percentage of your current assets. The loan is used as source of funds for working capital needs. A lender typically takes a security position in the assets owned by the business.

    Contract Financing

    Funds are advanced to you as work is performed. Payments by the contracting party are generally made directly to the lender.

    Factoring

    Factors actually buy your receivables and rely on their own credit and collection expertise. Essentially, your customers become their customers. Factoring is used by firms who are unable to obtain bank financing. The cost of financing is usually higher than other forms of S-T financing.

    Term Loans

    Term loans are used to finance your permanent working capital, new equipment, buildings, expansion, refinancing, and acquisitions. Commercial banks are the major source of funding. The term of the loan is based on the useful life of the assets being financed or collaterized. Your projected profit and cash flow are two key factors lenders consider when making term loans.

    Equipment and Real Estate Loans

    Loans are fully secured by the equipment being purchased. Typically banks loan 60-80% of the value of the equipment and is repaid over the life of the equipment. Lenders make long term loans secured by commercial and industrial real estate. The loan is usually made up to 75% of the value of the real estate to be financed. Repayment terms range from 10 to 20 years. Lenders also make second mortgages on real estate. The amount of the second mortgage is based on the appraised market value and the amount of the first mortgage.

    Leasing

    Leasing can be accomplished through a bank, leasing or finance company. Your business will be subject to the same type of review as when seeking a loan, specifically cash flow of company, value of lease object and useful life. Lease terms range from 3 to 5 years. At the end of the lease, there are generally 3 options: purchase, renew and return.

    3-15 YR Balloon Loans

    Balloon loans offer interest rates that are fixed for a period of years. Typically these loans are pegged to a treasury index. Terms are for 3, 5,7,10 or 15 years. The amortization schedules are generally for 20 or 25 years. When a balloon loan matures at the end of the agreed term, the remaining principle balance outstanding is due at that time. The borrower can pay off the loan by either selling the property or refinancing. Investment property is typically owned for a previously defined period of time. Analyze your investment strategy before securing a balloon. Having to redo a loan is expensive.

    Adjustable Rate Loans

    An adjustable rate loan will typically fully amortize with no balloon features. These loans may or may not have adjustment caps. The rate is determined by an index plus a margin. The indices used are generally U.S. Treasury bond rates. Rates are adjusted at a certain point in time using either the current rate of the index in question or the average of the index for the prior year. In either event, the index used will correspond to the adjustment term. If the loan is a three year adjustable, then the index used should be the three year treasury index. Some adjustable rate loans are fixed for an initial period of years and then will adjust after that period. For example a 5/1 adjustable is fixed for the first five years and there after will adjust each year. The index used will be the one year treasury rate.

    Please note that commercial lending is not standardized as it relates to programs and to guidelines. Banks must meet certain federal standards, but the index, margin, amortization, term and fees are components that are controlled by the investor based on their risk profit analysis. Remember that this mortgage will be the greatest expense your investment property will be responsible for. As such we recommend that you consult your real estate agent and your loan officer to assist in providing you with all the information needed to make a complete and accurate choice.



    Marchese v #cash #settlement #options


    #

    Marchese v. Cablevision Systems Corp.

    Welcome to the Marchese v. Cablevision Systems Corp. Settlement Website

    If You Currently Subscribe to Cablevision Cable Television Services, or If You Subscribed at Any Time Since April 30, 2004, You Could Benefit from a Class Action Settlement.

    UPDATE (1/17/17). Settlement Benefits to eligible Current and Former Subscribers will be disbursed beginning in February, 2017. If additional information was requested as part of your claim review process, Settlement Benefits may begin later as any new information you submit is processed.

    UPDATE (9/12/16): On September 12, 2016, the Court held a public Final Fairness Hearing in the United States District Court for the District of New Jersey. Following this hearing, the Court entered an order for final approval of the Settlement. The Court also approved Class Counsel’s request for attorneys’ fees and expenses. Distributing benefits will take time. Please be patient. Please continue to visit this Settlement website for updates.

    There is a Settlement in a class action lawsuit against Cablevision claiming that certain business practices resulted in subscribers paying higher prices for Cablevision’s cable TV set-top boxes.

    Subject to certain exceptions, the Settlement Class includes all persons in New Jersey, Connecticut and New York who subscribed to Cablevision’s video services and paid a monthly fee to Cablevision to lease a Set-Top Box at any time from April 30, 2004 to March 9, 2016.

    The Settlement offers credits for services (ranging between $50-$140 in value) or a one-time bill credit (ranging between $20-$40) to Cablevision’s Current Subscribers. Former Subscribers can get a one-time cash payment (ranging between $20-$40) and other benefits.

    Your legal rights are affected even if you do not act. Please read carefully. The rights and options below — and the deadlines to exercise them— are explained in further detail in the Notice .

    The Court in charge of this case still has to decide whether to approve the Settlement. If it does, and after any appeals are resolved, benefits will be distributed consistent with the Settlement. Please be patient.

    SUMMARY OF YOUR LEGAL RIGHTS AND OPTIONS:



    What A Tool – Option Volatility Charts #markets, #option #volatility, #option #premium, #s #p #500 #index #options, #aapl


    #

    What a Tool – Option Volatility Charts

    Volatility charts can help explain option premium pricing

    Jun 9, 2011, 5:50 am EDT | By Tyler Craig. Tales of a Technician

    Despite the fact that option values are influenced by a number of set variables like strike price, stock price, and time to expiration, in the end they re driven by supply and demand just like any other asset. Implied volatility is a useful metric that gives options trading investors the ability to gauge the supply/demand status of an option. If demand outstrips supply, implied volatility will rise. If supply outstrips demand, implied volatility will fall.

    You may notice the term price could be interchanged with implied volatility in the prior two statements. Rather than being a mere coincidence, this speaks to the direct relationship between an option s price and implied volatility. Namely, when all variables are held constant (stock price, time to expiry, etc.), a rise in an option s price will result in a rise in implied volatility.

    Traders use implied volatility to gauge whether an option is cheap or expensive. The phrase buy low, sell high is applicable here. Over time it is preferable to buy options when implied volatility is low while selling them when implied volatility is high. This is where volatility charts come in. They allow traders to make quicker, more informed decisions on whether options are cheap or expensive based on current volatility levels.

    Find more option analysis and trading ideas atOptions Trading Strategies.

    Many option chains include a column which displays the current implied volatility of each individual option contract. While this provides a quick snapshot of where volatility is right here right now, it fails to show how volatility has evolved over time. A much more effective approach is using a volatility chart. The implied volatility of most major indexes can be viewed directly in any charting software provided you know the ticker symbol. I ve included some examples below listing the index or exchange-traded fund with corresponding volatility chart symbols:

    S P 500 Index Options (CBOE: SPX ) $VIX

    NASDAQ 100 (NASDAQ: NDX ) $VXN

    Russell 2000 (CBOE: RUT ) $RVX

    SPDR Gold Trus t (NYSE: GLD ) $GVZ

    United States Oil Fund (NYSE: USO ) $OVX

    Individual stocks and ETFs lacking their own volatility index charts like those above can be viewed elsewhere. These charts are often included in the suite of tools offered by option brokers such as ThinkorSwim and OptionsXpress. They can also be found at websites like the International Securities Exchange and IVolatility .

    Of the free volatility charts available, those offered at the IVolatility website seem to have become the most popular. This is likely due in part to their clean and easy to read look. In the volatility chart below of Apple (NASDAQ: AAPL ) you can see the typical default view for most of these charts. Both the implied volatility (the gold line) and historical volatility (the blue line) are included.

    A key property of volatility s behavior is mean reversion. Unlike a stock which can theoretically trend higher indefinitely, volatility tends to oscillate around some type of mean value. This is why it s reasonable to expect volatility to fall after rising too high or rise after falling too low.

    While there are a variety of nuances about the behavior of volatility that require time and experience to understand, the volatility chart is an essential tool that even the novice can use to better understand the basics of volatility analysis.

    Article printed from InvestorPlace Media, http://investorplace.com/2011/06/option-volatility-charts-spx-rut-gld-uso-aapl/.



    Federal Student Loans for College, Options for a Federal Student Loan #payday #loans #uk


    #federal student loans
    #

    Federal Student Loans

    Federal student loans are financing options provided by the federal government through the Department of Education. Federal student loans, like any loan you may borrow, must be repaid with interest. The good news is that student loans from the government offer low fixed interest rates and generous repayment terms. Be sure to take full advantage of these programs before using other financing options to pay for your higher education.

    A Direct Consolidation Loan enables borrowers to combine all of their federal student loans into one federal loan consolidation is for student borrowers who are in repayment status or parent borrowers who wish to extend the repayment period on their current PLUS loans and obtain a fixed interest rate for those loans which might have a variable interest rate. You can combine all of your eligible federal student loans into one loan with a Direct Consolidation Loan. Consolidating also locks the interest rate you pay on your loan. In addition, by consolidating you can possibly lower your payments by extending the length of the repayment period for your loan. However, with the extended term, you will end up paying more in interest over the life of the loan.

    Applying for Federal Student Loans

    The FAFSA is the only application you need to file in order to be considered for federal student loans. You must meet the eligibility requirements to receive federal financial aid and must not be in default on any federal student loan or owe a refund of federal financial aid.

    You will also have to sign a Master Promissory Note and complete a loan entrance interview session in person or online. Your school will provide you with this information and tell you what steps you need to take.

    Most students end up needing to finance some portion of their education. Always maximize your use of funds you do not have to repay such as federal financial aid, institutional grants, scholarships. 529 plans, tuition remission, prepaid tuition plans, etc. Even if you or your family have very high income, you can still receive low cost federal student loan including an Unsubsidized Direct Student Loan and the Direct PLUS Loan for Parents. Graduate students can receive both the Unsubsidized Student Loan and Direct PLUS Loan for Graduate and Professional Students. To see all the ways you can use to pay for college, review our Financial Aid Flowchart

    Of course, if you still need funding to pay for college beyond what you receive in free money and federal student loans, you can always pursue a private student loan.



    Financing Dental Care – A Guide To Your Options #federal #consolidation #loan


    #dental loans
    #

    Financing Dental Care

    A Guide To Your Options

    Dentistry can do so much these days to improve a person s health, appearance and self-confidence. From barely noticeable braces that straighten crooked smiles to dental implants that replace missing teeth, there is a state-of-the-art solution to virtually any dental problem. Of course, like anything that involves the time and resources of skilled professionals, highly technical and sophisticated dental treatment doesn t come inexpensively; indeed, the phrase you get what you pay for probably applies doubly to dentistry. Also, the types of treatment mentioned above, as well as many others, are often considered elective and therefore may not be covered (or only partially covered) by dental insurance. This can be the case even when a given procedure offers proven health benefits.

    It s important to keep in mind that dental insurance isn t really insurance meaning, it doesn t protect you from large, unforeseen expenses. It functions more like an annual discount coupon that pays a maximum of $1,000 1,500 a year. Therefore, it can only help a little for a big-ticket item provided that a particular treatment procedure meets various criteria for coverage (decided upon by your employer and the insurance company). So if you need and want anything from limited treatment to a complete smile makeover, how do you pay for it?

    Well, there is always the old fashioned way: with money saved specifically for this purpose. In addition, some dentists will discount a large fee if a patient is able to pay up front, which can be a good strategy. However, it may mean a delay in gaining the use and benefits of the treatment if you have to save for it.

    In the case of orthodontic treatment, dentists, generally orthodontists in this case, traditionally will accept partial payment up front and then monthly payments to cover the balance over an extended period of time. It s an arrangement that makes sense because you, as a patient, have to visit the dental office regularly over a course of months or even a couple of years to complete the treatment. But if you re having treatment that takes only a few visits over a short period of time, your dentist is less likely to offer an extended payment plan because it could be a riskier financial proposition for the practice.

    Therefore, it may be that financing (in essence borrowing) or using credit to pay for the care you need is the best option for you. And there are various ways people go about doing this; some are described below. If you are contemplating one of these methods, it s important to figure out exactly what size monthly payment will fit your budget. Equally essential is to understand thoroughly all the terms of the specific credit offer you are contemplating.

    Borrowing Opportunities For The Healthcare Consumer

    General-Use Credit Cards

    There s a good chance your dentist accepts payment by a credit card you already have. If you use it, you won t have to apply for a new loan. The downside is that you might tie up credit you routinely rely on for other needs; plus, credit card interest rates can be higher than other types of loans. Here s a good tip from one consumer advocate: If you want to charge dental expenses to your credit card, look for a good deal on transferring that balance to a new card. Some credit card companies offer a single-digit interest rate for the life of the transferred balance, along with a transfer fee, but always make sure to read the fine print.

    Healthcare Credit Cards

    In recent years, credit cards designed specifically for charging medical/dental expenses have emerged. The largest is CareCredit , offered by GE Capital and accepted by thousands of healthcare providers nationwide. CareCredit allows you to charge as many dental treatment procedures as you want until you reach your credit limit. Typically, consumers who are approved for this card will pay an interest rate of 14.9%, though a few may qualify for a promotional period in which no interest is charged. Late monthly payments, however, can result in penalty interest rates that are significantly higher (some reaching into the high twenties) and late fees of up to $35. So it is important to be comfortable with the size of the monthly payment required.

    This type of arrangement should only be entered into with the utmost care particularly for no-interest promotional plans. If the entire balance is not paid within these promotional periods, the cardholder will pay an agreed-upon double-digit annual percentage rate (APR) on interest that was accruing (but not yet charged) from the day of purchase. This means that if circumstances you didn’t foresee prevent you from paying off the balance on time, it can add a large amount to your overall debt.

    Healthcare Installment Loans

    If you have a large dental or medical expense that you want to finance, an installment loan might be your best option. Springstone Patient Financing is the leading company that offers this particular type of healthcare loan. Unlike a healthcare credit card account to which you can charge many smaller procedures as long as you don t go over your credit limit, an installment loan sets a payment schedule and fixed interest rate for one larger instance of borrowing say, to have your missing or failing teeth replaced with dental implants. In that way, it s very much like taking out a car loan. And like a car loan, an installment loan can be re-financed to add in additional procedures if they are large enough (typically a $1,000 or more) while still keeping one low monthly payment.

    Interest rates depend on your credit history and can go as low as 3.99% APR or as high as 17.9% APR, with the average consumer paying around a 9.9% APR. There are no penalty rates. The rate you get at the beginning does not change over the life of the loan, even if a monthly payment is late. Monthly payments are often lower too, as healthcare installment loans are available for up to 84 months.

    Equity Loans

    Equity loans are secured by collateral, such as the borrower s house. Because of this, equity loans tend to have lower interest rates than so-called unsecured debt such as credit cards and installment loans. That is the main advantage of an equity loan. The risk is that the lender can take the collateral i.e. your home and sell it if you don’t repay the debt. The equity you have in your home its value minus any amount you still owe on the mortgage determines the amount you can borrow. Of course, many people choose not to reduce their home equity because preserving it is a great way to preserve capital and/or save for retirement.

    It s Your Finances And Your Decision

    All of these options have advantages and disadvantages, which may not be so obvious at first glance. The important thing is to take your time and make sure you ask all of the questions you have. Said one healthcare finance expert, this decision is akin to the one you are making about undergoing treatment in the first place: You wouldn t want to have a dental procedure for which you did not clearly understand the risks and benefits, or if you did not completely trust the doctor. Think of this as an extension of the trust relationship you have with your healthcare provider.

    If you take it slowly and enter into a financing agreement with a clear understanding of the terms and your own financial situation, it can work out very well.

    If you take it slowly and enter into a financing agreement with a clear understanding of the terms and your own financial situation, it can work out very well. And be advised, if you are rushed into an agreement you don t understand or which is beyond your means, the results can be disastrous. So before you sign on the dotted line, do your research, read and understand the fine print, ask plenty of questions, and seek professional financial advice or credit counseling if you need it. After all, the point is to get a great smile, not a bad headache!



    Affordable Air Ambulance Medical Service #affordable #air #ambulance #medical #service, #low #cost #options, #air #medical #transportation, #services


    #

    Low Cost Options

    We offer options that provide significant savings in medical flight costs without sacrificing patient care and customer service.

    • For patients who must be transported immediately by air ambulance service, our all-inclusive price quote will be competitive, with a low price guarantee. If you receive a lower quote from another company – for travel on the same day, to the same destination, in the same type of aircraft – we will meet or beat that price.
    • We offer aircraft options including jet service (the fastest and most costly method of medical air transport) as well as lower-priced turboprops and twin engine aircraft. All planes are medically-equipped and safe.
    • Aircraft often return to base empty after dropping off a patient. If you have the flexibility to schedule your flight so that you can “piggy back” on an existing flight, you may be able to save thousands of dollars on your air ambulance cost.

    The Patient Transport Specialists at U.S. Air Ambulance will gladly discuss cost-saving air medical transport options with you, insuring that you’re offered appropriate transport at the very best price.

    • Stable patients may qualify for medical escort on a commercial plane. medical escort via Amtrak train or via long distance ground ambulance transportation. These options can offer a savings of up to 50% over the cost of air ambulance service.
    • For patients flying internationally and cannot sit up for take-off and landing on a commercial flight, we offer our medical escort service using an airline stretcher. The stretcher and all necessary medical equipment are placed in the rear of the plane. International commercial stretcher flights require one to two weeks notice to arrange, but can save thousands of dollars.

    Please call 800-633-5384 for more information. We are available to personally assist you 24 hours a day, 52 weeks a year.

    Or you can Request a Quote. Just complete the easy-to-use form included on this site.

    Customer Testimonials

    I just wanted to tell you how much my mother enjoyed the flight even with all of her medical issues. You all provide a wonderful.
    view more

    Past Projects

    In 2003, we provided 24-hour medical staff and air ambulance emergency evacuation capability for a four-month Star Wars.
    view more

    Case Manager’s Tool Box

    Provides Case Managers with real time information to efficiently and compassionately handle patient medical transport.
    view more

    2017 US Air Ambulance. All rights reserved.



    My Trader – s Journal #covered #call #selling, #naked #put #selling, #stocks, #options, #covered #calls, #naked #puts, #$indu, #djia, #s #p, #qqqq


    #

    My single expiring option for May finished in the money, so I decided to roll it out to July before taking the assignment.

    While IWM was trading at $136.43, I bought to close one IWM May $138 naked put and sold one IWM July $138 naked put and received $283.60 after paying $2.20 in commission for the two legs of the calendar spread. IWM ended up closing at $136.00 on the day and which meant I did a little better than I would ve if I had waited until the very last second of the trading day.

    I posted my video of the trade here :

    For the first time in the 10 years that I ve been writing My Trader s Journal, I made a trade on Analog Devices ($ADI). While ADI was trading at $80.60, I sold one ADI July $80 naked put for $3.40 and received $339.75. I think the downside risk to ADI is no lower than $75 and probably not that low.

    I detailed my trades in this YouTube video posted here :

    Volatility is so low right now that it s barely worth selling options. The NASDAQ Composite hit a record high again and I opted to sell a ratio spread on QQQ with the belief that QQQ will move slightly lower before expiration in August. If I m wrong and QQQ climbs further, I still make a few bucks since I received a tiny credit for this ratio spread. If I m right and QQQ ends exactly at $133 at expiration, I ll gain more than $1,200.

    While QQQ was trading at $138.26, I bought two QQQ August $139 puts and sold four QQQ August $133 puts to pay for the long puts. I received $8.33 after paying $3.67 in commission.

    You can see my commentary here along with my QQQ chart QQQ Ratio Spread

    My account had another month of gains, but I was still far under-invested and missed out on what could ve been more. Maybe I ll get off the sidelines a little more on the next dip. I missed a good opportunity while the VIX moved higher a couple of weeks ago, but keep waiting for a bigger drop.

    I ended April with a Net Liquidation Value (NLV) of $100,970.02 and a Net Asset Value (NAV) of $100,996.36 according to Interactive Brokers (IB) after finishing March with an NLV of $100,480.73. I had a gain of $489.29 (

    0.5%) on paper for April and no realized gains since I only sold a new naked put in April, but didn t close any positions. I received no in dividends in April since I m still not long shares of anything yet. Quicken reported that I have an account value of $100,968.88, which is the same as what IB says I have after adding in the $27.48 in accrued interest that IB is crediting me for.

    I m 50.59% invested in this account, 9.74% more than the end of March and still a lot less than I should be. As I said last month, I am waiting on a correction, but will have to take some risk at

    Filed under: Finance – 13 Apr 2017

    While UWM was trading at $109.90, I sold one UWM July $100 naked put for $4.30 and received $429.75 after paying $0.25 in commission.

    I just realized I didn t address in the video why I sold the July expiration. The nearer-term expirations didn t offer enough of a premium to make it worth the trade and the longer-term expirations had too much time risk for my goals. By using the July expiration, I was able to sell far out of the money and get a good annualized return.

    Here s the link to the video for my process: https://youtu.be/0nSKnnZFTXM

    Comments Off on UWM July Naked Put

    The chart below shows the daily prices for the past six months on SPY, the SPDR ETF that tracks the S P 500 Index, after closing the week at $235.20, on April 7, 2017.

    The S P 500 has edged lower since peaking at the beginning of March, but the chart shows it hasn t rolled over yet. The two trend lines that mark SPY s higher lows converged at the intraday low on March 27, but both still maintain support from further lows. The longest trend line drawn below marks the trend of higher lows. The area between these sets of lines is called the trading channel and projects where SPY is likely to trade, until it breaks outside of either barrier.

    Other technical indicators can help predict future movement too. The moving averages indicate directional patterns that help to highlight changes in sentiment. An index that falls below its moving average tends to fall further below it until a new catalyst or technical barrier influences its direction. I used the 20, 50, and 200-day moving averages in this

    Comments Off on SPY Chart April 7, 2017



    Registered Nurse Salary – Job Description > Interviews – Career Options #registered #nurse #salary, #registered #nurse #job #description, #how #much #do #registered #nurses #make, #pay, #career #options, #jobs, #career, #advices, #challenges, #opportunities, #goals, #future, #guide, #information, #options, #best #paying #careers, #good #paying #careers


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    Interview with a Registered Nurse

    What do you do for a living?

    I am a Registered Nurse.

    How would you describe what you do?

    I take care of patients who are recovering from a wide range of illnesses or from recent surgery.

    What does your work entail?

    I’m responsible for making sure that the patient’s pain is under control, that they receive their prescribed medicine on time, that their vital signs are stable, that the doctor’s orders are being followed and I act as a liaison between the doctor and the patient’s family.

    What is a typical workweek like for you?

    I work three, twelve-hour shifts and I’m stuck on night shift right now. The night shift is really hard. The money is good but the rest of your family is scared to call during the day because they’re scared that I’ll be sleeping. But you kind of get used to it and then eventually you get to work days. So I work 3-twelve hour shifts that usually end up being about 13 or 14 hours because you have to stay late sometimes to finish charting. It ends up almost being a 40 hour work week.

    How did you get started?

    I actually started by going to college and getting a psychology degree and with that degree I was only able to get a job as a receptionist.

    I knew a psychology degree doesn’t really do anything unless you go for your PhD or Masters so I really wanted to help people but I didn’t feel like I was really getting that opportunity and my sister was in nursing school and loved it so I went too.

    I went to a school that offered a one year accelerated Bachelor’s degree in nursing program.

    It was twelve months because I had already had my Bachelor’s degree. I didn’t have to take all the other classes and so I got a second Bachelor’s.

    It was a crazy year. It was probably the most difficult year of my life but it was worth it.

    What do you like about what you do?

    The best part is seeing patients get better and knowing that I played a small role in that. We get a lot of patients who are in a lot of pain after their surgery which can be pretty stressful trying to get their pain under control. But once they’re comfortable and smiling it does feel really good to know that I helped them out.

    What do you dislike?

    I wish I had a lot more time to spend with my patients. There are some busy nights where I’ll run into a room to see something and my patient wants to tell me a joke or a story about her grandkids and it absolutely breaks my heart to have to interrupt them and leave because the patient in the room down the hall is throwing up and another patient is crying in pain and another patient has to go to the bathroom. So there’s sometimes that there is so much going on that I feel like I can’t give my patients the attention that they desire and that I want to.

    How do you make money or how are you compensated?

    Nurses are all hourly so they’re not a salary. It’s not a salary position unless you’re in management.

    How much money do you make as a registered nurse?

    In Kansas City it seems like most hospitals for new graduate nurses start around $21 or $22 an hour and then every year the salary goes up by a little bit less than a $1 a year. I’ve been a nurse for 5 years and I’m making $26 an hour.

    Hospital nurses tend to make more than other types of nurses. At doctor’s offices they only make like $18 or $19 an hour even if you are a registered nurse. So you definitely get more in the hospital and then hospitals usually pay night shift workers a shift differential which for me is $3 an hour so I get my base pay and then for the night hours I get $3 more an hour and I also get additional pay. If it’s a weekend you get $2 an hour extra.

    How much did you make starting out in this career?

    I started out at $22 an hour maybe but that was in TX.

    What education or skills that are needed to be a Registered Nurse?

    Most hospitals require a registered nurse degree but you can do that two ways. There’s actually a Bachelor’s degree which is called a BSN and some hospitals prefer that and pay more; other hospitals don’t distinguish between a diploma nurse, which is an RN without the Bachelor’s, and the Bachelor’s.

    What is the most challenging about what you do?

    The patient load and the severity of their sickness.

    If I have five patients and I have one patient who demands a lot of time because they’re in a lot of pain or they’re really sick then my other four patients might not get the attention that they deserve. So I’ve learned time management skills are just absolutely critical and even then sometimes I’ll have my whole night figured out and something will come up and throw everything off. So it’s definitely a skill learning to prioritize and juggle my plans for the night I guess. That takes a long time to learn.

    What is the most rewarding for you?

    The patients, just getting to know the patients and their families and seeing them get better.

    What advice would you offer someone that’s considering this career?

    The best advice I could offer would be to contact a hospital in the area and see if there’s any way that you can shadow a nurse for a full shift because I think that a lot of people watch TV shows and see doctors doing all the work and they think that’s the way things actually are and it’s not like that. Nursing is a very, very physical job. It’s a lot of thinking and it’s a lot of work. I love it but I’ve met a lot of people who I think if they would have actually seen what it was really like before they went to school that they might have chosen something different.

    I don’t want to sound discouraging by any means but I think it’s a good idea to actually shadow someone to see what it will be like.

    How much time off do you get or take?

    Well we technically have a 12 hour shift. It’s only three days a week so every week you get four days off and then it seems like hospitals give you a lot of paid time off because you don’t get holidays paid. With most jobs you get paid when you don’t have to work on a holiday but hospitals they’re open every day all day so you sometimes have to work holidays so we do rack up a lot of paid time off and so it just seems like occasionally I’ll be able to take a day or two off which is really nice.

    What is a common misconception that people have about what you do?

    That nurses just give medicine and they don’t do much else.

    What are your goals or dreams for the future?

    I guess to eventually to try different areas of nursing and just see what is all out there because that’s one of the best things about nursing, there are so many different areas that if you get bored with something or something isn’t the right fit you can try a different specialty, or you can go from being a floor nurse to an operating room nurse and it’s almost like a different profession. So you have a lot of options I guess. In the future I would like to try out different things and see what the best fit is for me.

    What else would you like people to know about what you do?

    That’s a good question. To be nice to their nurses! No, I’m kidding. It’s a very rewarding job, you learn a lot, it’s constantly evolving, that people should only go into nursing if it’s their true passion.

    And that if you really do want to help people and you are interest in medicine that it is a very rewarding and exciting career.



    Options for Getting $5000 Loans Online #bank #loans


    #5000 loan
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    Options for Getting $5000 Loans Online

    People are aware that a $5000 loan is a very serious matter and one that should be carefully weighed out and evaluated before one goes ahead with taking it. If one does indeed choose to go ahead and pursue it, the good news is that with the advent of the online age, one can do most of the legwork from the comfort of their own home. This saves one from the potential embarrassment that used to sometimes await a person making the rounds of potential lenders in person of being turned down flat. Of course, the very first thing one should do at the start is to try and get the loan from a personal friend or sympathetic relative which is the quickest and easiest way to go and will also probably be the least expensive in terms of interest needing to be repaid. In addition, although the intention is of course to pay them back in full, usually arrangements can be made which are favorable to the borrower in terms of when the repayments must in fact be made.

    Probably the next consideration one will make would be taking a bank loan. In most cases, the interest rates are reasonable and the repayment terms designed a bit to be reasonable and to work fairly well with a person s schedule of best repayment terms. Of course, one must go through a credit check to begin the procedure. They will also have to identify their reasons for seeking the loan. If there are any negative issues with one s credit score, the bank may require a person to come up with a co-signer who will in effect guarantee the loan will be repaid or they will take over responsibility for doing so. One of the problems going this route is finding someone willing to put themselves at risk for the 5000 loan should one defer on repaying it.

    Of course, another consideration can be what are known as payroll loans. As a quick fix these loans are simple to apply for and fast. In many cases one will not even be subject to the credit check. The basic requirements are that one have a steady job, have their own bank account and be over the age of eighteen years old. That is basically all that needs to be in place to obtain one of these loans.

    The additional good news is that one can apply for one of these cash advance or payday loans directly online, which truly makes the whole process even smoother. Basically, one will be granting the lender permission to take the money directly from their specified account on an agreed upon date. It is important for one to search carefully among the different companies offering these loans to find themselves the very best deal that they might.

    One should be aware at the start that in most situations the 5000 loan is more difficult to secure because of the high amount being requested. In most cases one will also pay higher than normal interest rates and the repayment of the loan is usually required quickly, often within just a few weeks of being made.



    New Jersey Insurance Guide #new #jersey #insurance #guide, #plymouth #rock #insurance #options #nj, #plymouth #rock #insurance #choices


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    More Than Just Insurance For New Jersey Drivers

    If you’re ready to experience a different kind of carrier that offers insurance in New Jersey, consider Plymouth Rock Assurance. Our leadership team. supported by local employees, understand that while insurance is a transaction, assurance is a relationship. Whether you’re a customer or an agent, you’ll be treated with the highest level of respect and care. This commitment is reflected in the variety of our coverage options to help protect your most important assets:

    Auto Insurance

    Having the right car insurance is critical. It protects your vehicle as well as the equity in your home if you are ever held responsible for the damages resulting from a car accident.

    Commercial Auto Insurance

    Choosing commercial auto insurance from Plymouth Rock provides you peace of mind at an affordable price. If you’re looking for policies for your individual business vehicles and small fleets, we have the coverage for you.

    Homeowners Insurance

    Maximize your discount on your auto insurance when you also buy home insurance in New Jersey.

    Flood Insurance

    Floods are the most common natural disaster in the U.S. It’s certainly possible your home is located in a flood zone. If so, you need to have flood insurance. It’s important to find out how much coverage you need to protect your home, business or rental. Read more about flood insurance here .

    Motorcycle Insurance

    We have a special program that offers quality coverage for your motorcycle. Find out more about insuring your motorcycle.

    Boat Watercraft Insurance

    Our program offers tailored coverage for various boats and watercraft to fit your needs and lifestyle. Read additional information about boat insurance.

    Motor Home Insurance

    We can help protect your motor home. Learn about the benefits of insuring your motor home.

    Collector Car Insurance

    You can find coverage for your classic, exotic or custom car through our special collector car insurance program.

    Umbrella Insurance

    Umbrella insurance provides coverage over and above your auto liability coverage and insuring your home. Learn why a policy may be an important part of your overall protection needs.

    Teachers’ Auto Insurance

    Teachers’ Insurance Plan of NJ offers special car insurance rates and exclusive benefits for faculty and staff. Eligible to NJ residents employed by or retired from accredited preK-12 schools, colleges and universities. Learn more .

    Term Life Insurance

    We all know that life is full of unexpected events. Help plan for your family’s future with the right term life insurance. Find out more about what is the right amount of coverage for you.

    Call 855-993-4470, get your free quote online or find a local agent to see how we can help you save on your insurance coverage in NJ. If you need additional information you can visit our Contact Us page.



    Corporate Law Career Options and Salary Information #career #options #for #criminal #justice #majors, #corporate #law #career


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    Corporate Law Career Options and Salary Information

    Find schools that offer these popular programs

    • Advanced Legal Research
    • Comparative Law
    • Energy and Environmental Law
    • Financial, Banking, and Securities Law
    • Health Law
    • International Business, Trade, and Tax Law
    • International Law
    • Law Degree
    • PreLaw Studies
    • Programs for Foreign Lawyers
    • Tax Law
    • US Law

    Corporate Law

    Lawyers who want to specialize in corporate law often earn a Master of Laws (LL.M.) degree. LL.M. degree programs in corporate law cover securities regulation, mergers and acquisitions, accounting, corporate taxes and corporate finance. Because of the wide range of areas of specialization within corporate law, most lawyers choose elective coursework around their area of specialization. Electives include courses on antitrust issues, international and regional trade law, global finance, intellectual property and legal ethics.

    Before pursuing an LL.M. prospective lawyers must earn a Juris Doctor from an accredited law school and pass the bar exam. Most law school programs include several classes in areas related to corporate law, including corporate debt restructuring and corporate acquisitions.

    Career Options

    Corporate lawyers are tasked with safeguarding the legality of commercial transactions, representing corporations and advising corporate employees on their legal duties and responsibilities. Because corporate law covers a broad range of topics, corporate lawyers often specialize in one or more areas. These areas include tax law, bankruptcy, intellectual property, zoning or securities. Most corporate lawyers work for a corporation, but some are self-employed or work for a law firm. Some law school graduates become educators, investment bankers or leaders of non-profit organizations.

    Salary Information

    In 2014, the U.S. Bureau of Labor Statistics predicted jobs for lawyers would grow 6% through 2024, with the most salaried positions for lawyers concentrated in areas such as corporate law. However, competition for jobs is expected to be fierce because law schools continue to turn out high numbers of graduates. The best employment opportunities and highest salaries are typically awarded to those with above-average academic records from prestigious law schools. In 2015, most lawyers earned an average salary of $115,820, with the highest salaries typically going to lawyers with 20 or more years of experience, or those who had been made partners in law firms.

    Understanding the commitment and educational background required to have a career in corporate law is a good first step in determining if this is the right path for you. Choosing an area of specialization is also very important when studying for a career in corporate law.

    Next: View Schools

    Corporate law studies typically teach students about law as it pertains to the business world. Find out about the requirements.

    Learn about the education and preparation needed to become a corporate law consultant. Get a quick view of the requirements as.

    Corporate law applies to several aspects of a business, including employment, finance, contracts and real estate. Both basic.

    Learn about corporate law programs, a specialization students can pursue while earning a Juris Doctor. Find out what four top.



    Pre- and Post-Settlement Funding – Plaintiff Lawsuit Funding Options #e #loans


    #lawsuit loans
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    Comprehensive Pre-Settlement Funding and Post-Settlement Funding

    At LawCash , we understand that personal injury victims, potential plaintiffs, and plaintiffs in lawsuits sometimes have trouble paying their bills while waiting for the resolution of their cases. Even when they win their lawsuits, plaintiffs may not receive payment for months or even years. Our services ensure that our clients get a fair settlement or award rather than accepting a low settlement because of cash constraints. We offer the most comprehensive pre-settlement funding, and post-settlement funding, at the best rates.

    LET US HELP LEVEL THE PLAYING FIELD FOR YOU!

    LawCash Pre-Settlement Funding Facts for Plaintiffs

    • Minimum of $500 and maximum of $100,000 advanced
    • If you lose your case, you owe us nothing
    • Funding decision within 48 hours after we receive required documentation
    • All information kept confidential
    • No fees or other payment up front
    • Lower rates than other litigation funding companies
    • No credit checks and no interference in your case

    Law Cash Pre-Settlement Funding

    We Do What Banks Can’t

    We provide non-recourse pre-settlement funding to those who file or who plan to file personal injury or other types of lawsuits. In the past, personal-injury victims and plaintiffs had no place to turn for immediate financial assistance. Banks and credit unions do not provide loans when a loan candidate has only potential lawsuit recovery as collateral. Today, plaintiffs have more and better lawsuit funding options.

    LawCash will fund your case within 48 hours after receiving your completed application and documentation. Because pre-settlement funding is non recourse funding, you owe us nothing if you lose your case. You repay pre-settlement funding advanced by LawCash only if you win!

    For those who need money to live, pre-settlement funding is an excellent solution. Read stories about how our pre-settlement funding can help plaintiffs.

    Apply for Pre-Settlement Funding

    To apply for pre-settlement funding, just fill out our application. It’s that simple. The form authorizes LawCash to speak to your attorney so we can obtain the information we need to fund your case.

    LawCash One Hour Funding Facts for Plaintiffs

    • Post-settlement funding for any settled case
    • If you lose your case, you owe us nothing
    • Determine whether to provide post-settlement funding within ONE HOUR
    • All information kept confidential
    • No fees or payments up front
    • Lower rates than other post-settlement funding companies
    • No credit check

    One Hour Funding (Post-Settlement Funding)

    Sometimes, even when cases are settled, it can take a while to receive payment. LawCash can help close the gap by providing One Hour Funding if you have reached a settlement but have not yet received payment. LawCash provides non-recourse post-settlement funding to plaintiffs and attorneys for any settled case, regardless of the type of case.

    Apply for One Hour Funding to Receive Post-Settlement Funding

    • A letter from your attorney on your attorney’s stationery setting forth the amount due to you
    • The amount of funding you would like to request;
    • A copy of your attorney’s letter to the insurance company outlining the insurance company’s obligation; and
    • A copy of the executed general release between the plaintiff and the defendant.

    If we fund the case, a $125 application fee will be due when you receive your settlement.

    For more information about post-settlement funding, contact LawCash today.

    Rolling Contracts

    LawCash offers rolling contracts for pre-settlement funding and post-settlement funding. Rolling contracts provide plaintiffs with more flexibility and lower rates than lump-sum payments. For example, we can approve an advance of $24,000 and give you $2,000 a month for up to twelve months, rather than in a lump-sum of $24,000.

    With rolling contracts, less fees accrue, as the amount funded is lower; e.g. 2 to 3.25% of $2,000 in the first month, versus 2 to 3.25% of $24,000 in the first month. If you receive your settlement six months from the date of the first advance, you can stop the advances and repay the advance and fees on six months worth of advances rather than on $24,000. Just six months of fees will have accrued, against a lower advance. Rolling contracts enforce financial discipline and cost less. Contact us to learn more about rolling contracts.

    Structured Settlement Services

    In addition to comprehensive pre-settlement funding and post-settlement funding, LawCash provides structured settlement origination services. To learn more about our structured settlement origination services, please call us today.

    For more information about pre-settlement funding, post-settlement funding, or rolling contracts, contact LawCash today. We can get you the money you need, when you need it most.



    Pensioner Loan Options – Bad credit, low income, Centrelink & more #home #loan #interest #calculator


    #loans for pensioners
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    Welcome!

    Pensioner Loans Assistance is an Australian personal finance blog for seniors. We are dedicated in assisting seniors with everyday money matters. Access information on available loan options, budgeting, savings, debt reduction, special deals for pensioners and more.

    Loan Options

    As a pensioner, qualifying for a conventional loan from a bank can have its challenges. The qualification criteria can be difficult to fulfil, especially if you have an adverse credit history, an irregular income stream or rely on Centrelink as your only source of income. If you have applied to multiple lenders with no success, don’t get discouraged as there are funding options available.

    Depending on your specific circumstances there may be multiple options for accessing loans beyond the banks. The type of loan(s) you may qualify for will be determined by your current financial circumstances and ability to service them.

    *Note: It is extremely important to understand the terms and conditions of any contractual agreement you may enter into. Do not sign or enter into any agreement that you are not 100% comfortable and confident in.

    Below is a list of loan options whose lending criteria is geared towards individuals who may have bad credit, irregular income, defaults, be self-employed, on a low income or receiving Centrelink benefits.

    Centrelink loans

    If you are currently on Centrelink, do you know about the Advanced Payments program? This allows you to receive a portion of your normal payment in advanced in a lump sum. This is great for emergencies or for helping out with unforseen and unexpected bills. This can be an incredible alternative to applying for a small loan which will come with a variety of fees.

    In addition to the Advanced Payments program look into any low income concession cards which you may qualify for.

    StepUp Loans

    This is a service that was created through a partnership with the NAB and Good Shepard. They provide affordable low interest loans between $800 and $3000. There are no fees and have flexible repayment options of weekly, fortnightly or monthly. Contact your local NAB for more details.

    Non-For-Profit Loan Options

    If none of the provide options seem applicable to your situation or you require more specialised services. There are different non-for-profit services that might be able to provide you with the assistance you need. Financial Counselling Australia provides a free, independent and confidential service and has offices throughout Australia.

    As they are community based, they can provide you with more detailed information on potential financing options available within your area. Visit Financial Counselling Australia here.



    Small loans: what are your options? #payment #calculator #loan


    #small payday loans
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    Small loans: what are your options?

    Sometimes you only need a small boost to your bank balance, but it can be hard with small personal loans to find the cheapest option.

    Here we look at small unsecured loans. credit cards and other options you might not have thought of for borrowing smaller amounts of money.

    Small loans with money transfer cards

    Find a money transfer card to get a small cash loan

    Small unsecured loans

    You may be able to get a small unsecured loan, but it will depend on just how small the amount you want to borrow is. Some lenders will give loans for as little as £250 or £500 but you may find this comes with a very high APR.

    Other unsecured loan providers may have more competitive rates, but will not lend much less than £1000, so whether or not an unsecured loan is right for you depends on the amount you need to borrow and the loans available for that amount.

    You will also need a good credit rating for these small unsecured loans as the risk to the lender is greater than with a secured loan.

    Payday loans for short term small loans

    A payday loan might seem like the ideal small loan – they let you borrow between £50 and £1,000 for a few days or weeks until you next get paid.

    However, payday loan companies typically charge up to £30 for every £100 you borrow for up to 31 days, which might not sound that bad, but actually equates to 2,255% APR. As of 02 January 2015 the Financial Conduct Authority has capped the interest on payday loans at 0.8% per day.

    Payday loans should only be used for emergency cash for a very short period if you have no other options – so it’s probably best to look elsewhere for your small loan.

    Getting a small loan from a credit card

    Using a credit card to get a small loan can be very cost effective if you choose your card wisely. There are plenty of credit cards on the market offering 0% on purchases and if you can pay off whatever you borrow within the interest-free period, your small loan won’t cost you anything.

    Remember, the 0% rate only applies on purchases – if you withdraw cash on your credit card for example, you’ll pay a higher rate of interest.

    Alternatively, if you can’t pay off your balance in the period, you could transfer your balance to a 0% balance transfer card – you’ll have to pay a balance transfer fee, but your small loan will be interest free for longer.

    Another option for getting a small loan from a credit card is a money transfer. Some credit cards offer interest-free money transfers into your current account. You pay a handling fee, but this could still be a very cost effective way of getting a small loan.

    Using an overdraft as a small loan

    Some current accounts come with overdrafts that can be used to provide you with a good value small loan. Some are even interest free for a few months, or even as long as a year.



    Is a Slab Foundation Right for You? #slab #foundation,slab-on-grade,soil #compaction,home #foundation #options


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    Slab Foundation:
    Cheap, Yet Sturdy Option

    First, let’s examine the PROS of concrete slab foundations.

    Concrete slab is one of the cheaper, yet sturdy foundation options. It is also relatively quick to install.
    Slab-on-grade foundations are more common in warmer climates. They are also common in locales with expansive clay soils. It is important for the ground to have proper soil compaction prior to pouring a slab foundation so that cracking or settling will be minimized.

    Potential Slab Advantages

    Some claim that termite issues may be less of a concern with this type of foundation, because of a lack of wood supports and empty spaces leading from the ground to the house itself. Keep in mind, though, that if you have wood siding extending to the slab, those critters would have easy access to your new home.

    In warmer climates, temperature extremes are rare, so there may be no need for heating ductwork underneath the flooring. Ground freezing in these locations would be unlikely, thus hopefully, minimizing the chances of the slab cracking.

    CONS of Slab Foundations?

    Actually, the drawbacks to slabs mirror the advantages of basement foundations.
    Since the home is built on the ground with only the slab for protection, even moderate amounts of rainfall could potentially result in flooding.

    With a basement foundation, options for future development of living space are numerous. But please understand that remodeling/expansion of a dwelling built on a slab would present multiple difficulties.

    It is critical that you ask yourself: Do I want to allow for
    future expansion?

    Probably the biggest disadvantage to a slab foundation is its lack of access to your home’s environmental systems. Either your electrical wiring conduits through the slab must be water-tight, or access must be available through the attic space.

    Overhead pipes can be an invitation to disaster if they corrode or break. do you recall seeing any leaks in the ceiling of your elementary school or perhaps in a hotel? I remember well the numerous buckets strategically placed under broken piping in my school. What a mess. Copper piping will corrode over time, and it also must be specially installed, or put into the building above the slab. In some places, piping is buried under the ground. But here again, unlike a basement where you could SEE the problem, you may have a significant leak and not know it until your water bill shows up a month or two later – with an astronomical amount of cash due! And then imagine how easy it would be for a plumber to dig up and locate the problem?

    I have a brother who lives in Florida and has a slab foundation. So far, the only crack he is aware of is in the garage – and has caused no major damage. However, he has, unfortunately, had the unpleasant experience of having the pipes break TWICE (in the
    same location) in the slab. The second occurrence happened two years after the first. In this instance, he had a guarantee from the company (something I recommend you require if you have work done on your slab) that they would repair for free any future problem. He told me that this happened in a room that was carpeted, so the replacement cost was minimal. If it had been a tiled room instead, their costs could have been substantially higher.

    You must weigh the advantages vs. the disadvantages carefully.

    If you pay less upfront, might you be buried
    in maintenance and repair costs later?

    Are You Leaning Toward a Slab Foundation?

    I would encourage you to
    * research carefully,
    * choose a method of slab building with a
    good track record
    * select a competent builder.

    Don’t plan on extensive future expansion, and be prepared
    for some maintenance issues.

    Also consider radon-resistant construction.
    Forethought on the front-end may be a lifesaver later.

    Be sure you find out the feasibility of building a slab foundation in your area by consulting with a structural engineer, and finding out what your local building code specifies.

    Go from Slab Foundations to Foundation Options

    Basement Foundation Options

    Building Your Green Home Page

    The Time is NOW. The Future is HERE. The Color is GREEN.



    Private Student Loans for Undergraduate and Graduate Students #suntrust #private #student #loan, #private #student #loan, #fixed #rate #private #student #loan, #student #loan, #financial #aid, #undergraduate, #graduate, #loan #options, #college #financing, #pay #for #college


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    SunTrust Education Lending | 1001 Semmes Avenue, Mail Code: RVW 7076 | Richmond, VA 23224

    SunTrust Bank, Member FDIC. 2017 SunTrust Banks, Inc.

    SunTrust and Custom Choice Loan are federally registered service marks of SunTrust Banks, Inc.

    Union Federal is a federally registered trademark of Cognition Financial Corporation used by SunTrust Bank under license. The Union Federal Private Student Loan is funded by SunTrust Bank and is not affiliated with any other lender. Certain restrictions and limitations may apply. SunTrust Bank reserves the right to change or discontinue this program without notice. This loan program is subject to approval under the SunTrust credit policy and other criteria and may not be available in certain jurisdictions. SunTrust is a federally registered service mark of SunTrust Banks, Inc. Cognition Financial Corporation is not an affiliate of SunTrust Bank.

    1 Interest rate reductions offered for automatic payment from a bank account: 0.25% interest rate reduction for ACH payment from any bank account and an extra 0.25% interest rate reduction when ACH payments are made from a SunTrust Bank account. ACH interest rate reduction(s) apply when full payments (including both principal and interest) are automatically drafted from a bank account. Interest rate reduction(s) will remain on the account unless (1) the automatic deduction of payments is stopped (including times during deferment or forbearance) or (2) there are three automatic deductions returned for insufficient funds within the life of the loan. The additional SunTrust Bank account ACH interest rate reduction is available for loans first disbursed on or after 6/1/11 and will be applied after the first automatic payment is successfully deducted from a SunTrust Bank checking, savings or money market account and will be removed for the reasons stated above or if you close your SunTrust Bank account. In the event the benefit(s) is removed, the interest rate stated in the Credit Agreement shall be applied in accordance with the terms of the Credit Agreement.

    2 A cosigner may be released from the loan upon request to the servicer provided that the student borrower is a U.S. citizen or permanent resident alien and has met credit criteria, and a specific number of consecutive monthly principal and interest payments have been made on-time (received within 10 calendar days after the due date), as set forth in the Credit Agreement. Cosigner release may not be available for loans in a forbearance status.