Article On Respecting Your Credit Card

Video is someone getting harrassed by a credit card company, and the article is about how to avoid that happening to you.

Credit cards are really powerful tools when used properly and with respect. Customers can usually start out with a credit limit of $500. Once they establish a record of making their payments on time and paying their balances off when required, the credit card companies will usually increase these limits.

It is quite common to have a $5000 dollar limit on a credit card, while some business accounts will have much larger limits to account for higher transactions. Movie stars have been known to have an unlimited balance on their cards.

The trick to all credit cards, regardless of the limit you have and the other features you have with the card, is to pay your balance off each and every month. If you run an unpaid balance at any time, most credit card companies are going to charge interest on the unpaid balance and the interest rate will be much higher than normal personal loan rates.

In some cases the credit card company will charge you interest from the time that the item was charged to the card. Consumers can end up paying a great deal of interest. If you have only paid the minimum payment, you may find that the majority of this payment went towards the interest charged for the month and very little actually reduced the balance on your credit card.

When you receive your statement, among other information on your statement will be the due date. This is the date the credit card company must receive payment and credit it to your account, otherwise interest will be charged. Notice that they must receive it before or on this date.

If you make your payment on the due date and send it by mail or send it electronically, they will not receive the funds for a few days and the funds will not be credited to your account. Technically you are over due and you will be charged interest on the unpaid balance. Always try to send the payment a few business days in advance of the due date, taking into account weekends and holidays.

If for some reason you are unable to make your payments on time or you need to only pay the minimum payment for a few months due to cash flow issues, consumers may want to consider a small personal loan. Personal loan interest rates are usually much lower so more of your money will go towards reducing the loan when you make a payment.

Often the same lender that provided the credit card to you will be happy to provide you with a personal loan as well. Consumers will find this approach quite convenient since payments are processed more quickly.

In summary try to pay the full balance off on your credit card on or before the due date to avoid high interest rate charges. If you will not be able to pay the full amount for a few months, consumers can also consider a small personal loan at a lower interest rate as an alternative to paying high interest rates on their credit card.

When You Default On Payments….

 

Getting a Student Loan Privately

This is just a small article on private student loans. You can see the video on student loans at the bottom of the article as well. 

Private loans for students who need to fund their studies is an important educational loan product.

The advantage of a private student loan is that you can see banks and lending institutions compete for your student loan by making your interest rates and payment terms at competitive levels.

Private lenders can often disperse you your university education money sooner than Government student aid programs. Getting your college degree funding privately may be the best option for you.

Learning what line of study to embark on is one concern but where to get tuition money is stressful.

Common eligibility criteria for Private Student Funding includes:

- you have to prove that the student is a U.S. citizen or that you have been living in the states for over two years.

- you have to able to show you have a steady income and if you are self employed show business records for over 2 years

- proof of enrollment at college or university

Depending on which private loan provider you use the above lending criteria will apply to all students including graduates and undergraduates. Government financial aid for students often does not provide enough money to cover all on campus and off campus expenses.

The constant rise of tuition and school fees has made it very expensive for students hoping conclude all their studies in peace. What I like about getting a student loan privately is you can negotiate payment schedules and payment term with more ease.

Related Video on Student Loans

Online Car Loans

Online car loans are promoted with extreme vigor. The competition is stiff and the webmasters of the world are all working feverishly to compete for the first page results of the major search engines.

There are many different finance merchants pitching online car loans who grapple to sign super affiliates all over the world. Most of you reading this are probably not interested in the world of online affiliate marketing but I want touch on this industry. Without the affiliate marketing world of savvy webmasters the online auto finance companies would be making far less profit.

One of the amazing things about this industry is how internet savvy hobbyist have entered the arena of big business and online car loans. The relationships built between the affiliate marketers and the banks are strong as both parties have so much to gain together.

This symbiotic relationship continues to grow. When anyone is considering the prospect of online car loans, they are well served to do some reading on the subject. The best place to start is your favorite search engine. See what the rates are at all the merchant websites for online car loans.

You'll want to see which online car loans come the easiest and with reasonable interest rates. Reading an article or two like this one is also good. People are now starting to learn that the internet is safe for making large transactions and giving personal information.

There will be many more people going to internet for their online car loans in the future. In fact I have never even heard of a scam that was involving online finance companies. The only information I have seen that is questionable for online car loans is the promise of guaranteed car finance.

Related Video – Borrowing Online

 

 

 

 

More On Federal Student Loans and Sallie Mae

Another article on Student loans, and in particular, Sallie Mae student loan. You might dig the video as well. 

Little piece here in Sallie Mae student loans, plus an acompaning video called,”Get The Hell Away From Sallie Mae”, in which a girl is trying to get rid of her financial burden to Sallie Mae. Sorta interesting.   

College students today are lucky. When scholarships savings aren't enough students today can get various types of student loans.

As students proceed through college student loans do not have to be paid until the student graduates from college or quits.

Using a private loan can be extremely expensive to pay back at a high interest rate. To ease the burden on students upon graduation Federal student loans are available.

Private Student Loans vs. Federal Student Loans

The best thing to do is get a Federal student loan. Federal loans have lower interest rates and are readily available to students. Private loans are more expensive to pay back and are not recommended if they can be avoided.

The reason Federal student loans are so available is because graduates of college will usually make a lot more money than other people.

This gives the lenders confidence that their money will be repaid. The top education student loans are available through Sallie Mae.

Sallie Mae Student Loan

Sallie Mae is a financial institution than handles Federal student loans. Student loans given are from the government or Federal sources have more favorable terms than private loans.

Sallie Mae offers a combination of student loan options that can meet the type of financing needs of a student all in one place.

For example, the Federal Stafford loans are the most common. They have a fixed rate and low interest. These student loans are very available to undergraduate students.

To receive this loan the student must be attending an accredited school at least half time. The Stafford loan is the most common student loan used today

Generally speaking, student loans are easy for students to receive. Because of their fixed rates and low interest, the Federal Stafford Loan is the recommended one first.

A student loan can make the difference for students to graduate from college so more students are able to complete college today than anytime in the past

Janie Jenkins is the "Easy To Do" instruction expert. Discover how easy it is to do what seemed like your most complicated ambition. Easy To Do Student Loans

Related Video…Escape from Sallie Mae

 

Finding Auto Loans for People with Bad Credit

Finding auto loans for people with bad credit is practically an art form. What I mean is that, times change. Practises and policies of US finance companies change like the wind and you need a crystal ball if you want to be on your game.......if you ever want to find REASONABLE auto loans for people with bad credit.

I have found a website that came as a life-saver to say the least. Not only can they find you the loan you need, they can keep the interest rates still reasonable. Quite a feat, if I don't say to myself. ;-)

One of the common issues when finding auto loans for people with bad credit, is the constant need to be up to date. As I mentioned above, the ongoing task for me is to make sure the links I provide go to finance companies (and brokers) that are constantly at the industry edge.

 I have found a few online sites that are invaluable in this matter. Right now we are featuring a broker style site that charges a very small fee and they find the best interest rates on auto loans for people with bad credit.

I encourage you to apply through this site. There is no middle man cost to my visitors. As in zero, nota, nill, zilch, none. That is worth repeating. No middle man cost if you apply for an auto loan here.

I pride myself on providing the most reasonable, hassle free finance companies and their user friendly websites, that deliver auto loans for people with bad credit. Times have changed in a biq way since the days of the sweaty meeting with the intimidating banker. You can apply online now and get an answer back in just minutes.

I have used many resources in tracking down (and keeping track) of resources regarding auto loans for people with bad credit. You may want to click to our home page and bookmark this site for future reference. Many visitors like to surf around for awhile, before they make a decision on the best place to get their auto loan.

Student Loans Information - Video To Pay Off Student Loans

Good article on student loan re-print rules, and the changing industry of student loans. Great video of a guy trying to pay off some of his student loan using You Tube.  

Allot is changing in the student loan market this past year, and college lending companies are having restrictions put upon them. This piece regards pre-printing rules of student loan applications.

Story…

Borrowers looking to take advantage of the Student Loan Consolidation Program are finding it more difficult to complete the application as lenders no longer have the ability to pre-print the loan information.

 Cut your monthly student loan payment by up to 60%

The National Student Loan Data System (NSLDS) is the US Department of Education's central database for student aid. It houses data received from schools, guaranty agencies, the Direct Loan program, the Pell Grant program, and others. Due to some recent policy changes, access to the system has been suspended for all lenders and NSLDS can no longer be used to determine the eligibility of a consolidation loan borrower.

Therefore, unless you already know all of your loan information, lenders can no longer check on your behalf. Fortunately, there is another option.

By using the FAFSA pin number assigned by the Department of Education, you can create an account in NSLDS, where you will have viewing rights of your own Title IV Federal loans. This information will help you complete the loan section on the application and affirm your eligibility for the Federal Consolidation Program.

The process has become more in depth for the borrower, but the benefits far outweigh the additional work involved. The Federal Consolidation Program offers a low, fixed interest rate, with additional interest rate reductions available.

Click here if you forgot your FAFSA pin number.

Click here to retrieve your loan information in NSLDS.

Student Lending Corporation is available to answer any questions you may have pertaining to this free, federal program. Our highly trained loan counselors are available to assist you from 10 am to 9 PM Eastern Time, Monday thru Friday and can be reached toll free at (800) 982-3588 for your convenience.

Student Lending Corporation site http://www.studentlendingcorp.com

 

Semi-Related Video…Creative Way to Pay Off Student Loan
Note: Loanspoke is, in no way, related to this young student. 

 

Columbia University Settles On Student Loans

Columbia University has reached a settlement with New York State's attorney general over student loan practices that will require the school to pay $1.1 million into an educational fund and submit to monitoring of its financial aid procedures.

Columbia and the financial aid officers' national association also have agreed to abide by New York's code of conduct for lending practices, New York Attorney General Andrew Cuomo said Thursday.
 
Two more lenders have agreed to abide by a code of conduct designed to protect students. (April 25)
 
Separately, the Federal Trade Commission is looking into student loan company marketing tactics, according to a letter released Thursday by the chairman of the House education committee.

Loan sharks on campus
"We are actively assessing whether lenders are making deceptive claims," FTC Chairman Deborah Majoras said in the May 31 letter. "In addition, we are evaluating whether other laws that the FTC enforces are being violated."

Congressional and state officials have been examining the $85 billion student loan industry for months, with investigators alleging conflicts of interest and payment by lenders of kickbacks to curry favor with college officials.

New York has now struck agreements with at least 25 schools and five student loan companies as part of its investigation.

The FTC has formed an intra-agency working group focused on concerns about private student loans, according to the letter, which was addressed to committee Chairman George Miller, a California Democrat.

Under Columbia's settlement, the school will pay $1.1 million into a borrowers' education fund, and submit its financial aid procedures to monitoring by Cuomo's office.

"The agreement signed with the attorney general specifically states that Columbia University does not admit, and expressly denies, that it has violated any law in connection with its student loan practices," New York-based Columbia said in a statement.

Columbia also said it "has moved quickly on a number of reforms now contained in the agreement with the attorney general."

The National Association of Student Financial Aid Administrators (NASFAA) also agreed to abide by the code and to submit to five years of oversight measures, Cuomo said.

Columbia said last week that it had dismissed its director of financial aid, David Charlow, after regulatory filings showed he promoted a student loan company in which he had a financial stake.

Those filings showed that Charlow sold shares in Education Lending Group, the former parent of Student Loan Xpress, for a gain of more than $100,000. Student Loan Xpress is now a unit of CIT Group Inc. (up $1.00 to $60.93, Charts, Fortune 500)

At a news conference in Manhattan, announcing Thursday's settlement, Cuomo said his office's probe of the aid official was continuing.

"There is an ongoing investigation still with the individual at Columbia University," Cuomo said. "This individual is not part of this settlement."

Charlow's attorney, Harvey Kurzweil, declined to comment Thursday.

[Source College Savings Advice]