Bad debt loans- Get rid of your hassled debts without any fuss
Article by miketom
www.goldsilver.com Mike Maloney is the author of the world's best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his 'most likely' scenario for the global economy over the next deacde...short term deflation, followed by big or even hyperinflation. Here you will learn the true definitions of inflation the difference between currency and money, price vs value, 'Wealth Cycles', gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today's bull market and that of the 1970s, The Debt Collapse, and more. If you would like to know more check out Mike's websites www.GoldSilver.com and http Mike sends out a free weekly newsletter from each of the above sites each with valuable information on the economy and gold & silver, see you there. Default Greek Greece Debt Crisis Debt Debt Ceiling Ron Paul Newt Gingrich Video Rating: 4 / 5
Bad debt loans- Get rid of your hassled debts without any fuss Â
The zero down home loan is obtainable for a lot of people today. This no money down mortgage loan provides for a way of funding buying a property when there exists no money readily available to use as a deposit.
In case you've lately been attempting to get together some money for a deposit for your very first property and do not appear to be having much success you might consider trying to acquire a zero down home loan.
These types of home loans help people to get a home owner loan to purchase their brand new ideal home even though they may not have a sufficient amount of finances in order to meet the down payment prerequisites of a traditional home loan.
Once you begin to go looking into zero down home loan, you'll realize that there are quite a few alternatives to decide on. Precisely what you have to be conscious of whilst agreeing to a zero down home loan is that you will be subject to an increased interest rate than if a deposit had been made. This is because these loans can be a greater risk for lenders.
Locating a loan provider for zero down house loans is actually not a huge job, because there are a number of loan providers offering these financing options. Mortgage brokers have accessibility to an enormous variety of zero down loans which usually are offered from personal money providers, federal government plans, and other forms of loan providers. Despite the risk for the lenders the no money down loan has its benefits, such as giving them access to a wider homeowner market.
Receiving an authentic zero down home loan is when you do not need to provide any resources of your own. However you will find that most loan providers will demand that at the very least the customer contributes the settlement costs associated with the loan.
Even if the prospective homeowner has access to funds they could use for a deposit the zero down mortgages can still be a smart instrument to take advantage of. These personal funds can be used to immediately improve the prope! rty, cov er moving costs or used for other worthwhile purposes like having a backup financial disaster fund etc.
Many families and individuals would have no hope of owning their own home if they did not have access to the zero down home loan. As long as they meet the basic criteria for borrowing these would be homeowners can be in their own home quicker than they think.
To learn much more about the zero down home loan and different types of home and mortgage loans, visit http://homeloansandmortgageinfo.com where you'll find this and much more, including access to one of the best Loan Modification resources available..
About the Author
Greg is a small businessman who has spent a number of years working online with an interest knowledge in a variety of siubjects.
When I started Aussie 20 years ago it was based on one simple question. Why should the banks have things all their own way? Every Australian deserved a better deal on their home loan. And by asking the banks some tough questions we've helped thousands of families save money. That doesn't make us any bank, it makes us pro you. It's why we're still questioning the banking industry today. Whether it's fighting for lower interest rates or just making it easier for every customer. We know, if you don't ask you don't get. We offer free advise about hundreds of different loans from different vendors. And we've been voted Australia's best mortgage broker four years running. But the fact is the banks still thrive on peoples' lack of understanding. It gets confusing and the banks like to keep it that way. Aussie's here to question that. Because we know the right questions can change things for the better. Which is why we say 'it's smart to ask'. Visit the Aussie website now to ask us a question: www.aussie.com.au Video Rating: 0 / 5
The Zero Down Home Loan - It is Possible to Get Â
Consumer Law Report Blasts For-Profit Colleges for Private-Label Student Loans
Article by Jeff Mictabor
A new report issued in January by the National Consumer Law Center accuses for-profit colleges of saddling their students with unregulated private-label student loans that force these students into high interest rates, excessive debt, and predatory lending terms that make it difficult for these students to succeed.
The report, entitled "Piling It On: The Growth of Proprietary School Loans and the Consequences for Students," discusses the boom over the past three years in private student loan programs offered directly by schools rather than by third-party lenders.
These institutional loans are offered by so-called "proprietary schools" -- for-profit colleges, career schools, and vocational training programs.
Federal vs. Private Education Loans
Most loans for students will be one of two types: government-funded federal student loans, guaranteed and overseen by the U.S. Department of Education; or non-federal private student loans, issued by banks, credit unions, and other private-sector lenders. (Some students may also be able to take advantage of state-funded college loans available in some states for resident students.)
Private student loans, unlike federal undergraduate loans, are credit-based loans, requiring the student borrower to have adequate credit history and income, or else a creditworthy co-signer.
The Beginnings of Proprietary School Loans
Following the financial crisis in 2008 that was spurred, in part, by the lax lending practices that drove the subprime mortgage boom, lenders across all industries instituted more stringent credit requirements for private consumer loans and lines of credit.
Many private student loan companies stopped offering their loans to students who attend for-profit colleges, as these students have historically had weaker credit profiles and higher default rates than students at nonprofit colleges and universities.
These moves made it difficult for proprietary schools to comply with federal fina! ncial ai d regulations that require colleges and universities to receive at least 10 percent of their revenue from sources other than federal student aid.
To compensate for the withdrawal of private student loan companies from their campuses, some for-profit colleges began to offer proprietary school loans to their students. Proprietary school loans are essentially private-label student loans, issued and funded by the school itself rather than by a third-party lender.
Proprietary Loans as Default Traps
The NCLC report charges that these proprietary school loans contain predatory lending terms, charge high interest rates and large loan origination fees, and have low underwriting standards, which allow students with poor credit histories and insufficient income to borrow significant sums of money that they're in little position to be able to repay.
In addition, these proprietary loans often require students to make payments while they're still in school, and the loans can carry very sensitive default provisions. A single late payment can result in a loan default, along with the student's expulsion from the academic program. Several for-profit schools will withhold transcripts from borrowers whose proprietary loans are in default, making it nearly impossible for these students to resume their studies elsewhere without starting over.
The NCLC report notes that more than half of proprietary college loans go into default and are never repaid.
Recommendations for Reform
Currently, consumers are afforded few protections from proprietary lenders. Proprietary school loans aren't subject to the federal oversight that regulates credit products originated by most banks and credit unions.
Moreover, some proprietary schools claim that their private student loans aren't "loans" at all, but rather a form of "consumer financing" -- a distinction, NCLC charges, that's "presumably an effort to evade disclosure requirements such as the federal Truth in Lending Act" as well! as a se mantic maneuver meant to skirt state banking regulations.
The authors of the NCLC report make a series of recommendations for reforming proprietary school loans. The recommendations advocate for tough federal oversight of both proprietary and private student loans.
Among the NCLC's favored reforms are requirements that private student loan companies and proprietary lenders adhere to federal truth-in-lending laws; regulations that prohibit proprietary loans from counting toward a school's required percentage of non-federal revenue; implementing tracking of private and proprietary loan debt and default rates in the National Student Loan Data System, which currently tracks only federal education loans; and centralized oversight to ensure that for-profit schools can't disguise their true default rates on their private-label student loans.
Other proposed reforms the NCLC supports include modification of federal bankruptcy laws and expansion of federal college loan debt relief programs.
The NCLC argues for a modification of current bankruptcy laws that would allow student borrowers to discharge onerous student loan debts in a bankruptcy petition without having to meet the current, nearly-impossible-to-satisfy "undue hardship" tests. Amidst more relaxed bankruptcy rules and strengthened non-bankruptcy alternatives, the NCLC maintains, fewer borrowers would find themselves hopelessly mired in student loan debt.
private student loans, debt relief
About the Author
Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.
A SWAT team broke into a home at the request of the US Department of Education to arrest and collect on a defaulted student loan. Kenneth Wright was dragged from his Stockton California home in his underwear while his children were in held police custody for several hours as they searched for his estranged wife. We bring you coverage of the unfolding story with remarks from Sheriff Richard Mack on the increased use of SWAT teams nationwide and Congressman Ron Paul's remarks on the Department of Education. Video Rating: 5 / 5
Consumer Law Report Blasts For-Profit Colleges for Private-Label Student Loans Â
Consolidate Your Student Loans with Low Interest Rates
Article by Cameron Taylor-Dill
It is wise to consolidate your student loans before it's too late! That's what I did. After attending three colleges and accepting federally funded student loans, I knew that I had to do something, quickly, before graduating. I researched the Internet one day for the lowest possible consolidation rate and found that I qualified for a very low rate and was able to extend my repayment period to 25 years. Yes, the lender allowed me to take a longer time to pay back the loan and at a low interest rate, which means my monthly repayment is low.
Don't Wait to consolidate! Most federal student loans are usually due for repayment only six months after graduating, and believe me, that is not long. If you don't take immediate action, you will be contacted by your lender before your first payment is due. And don't expect it to be a small amount if you have quite a few loans hanging over your head.
Many people end up defaulting on their student loans due to fear that they will never be able to make payments. Fear no more. What these people don't realize is that financial help is available by most banking institutions. They exist to help bring all the 'financial pieces' together - under one roof. This allows you to make only one payment instead of a few monthly payments to different lenders.
Just bringing your student loans to one lender may not be enough. Find a lending institution that will benefit your current needs. Look for the lowest consolidation rate possible. Yes, shop around. Before you buy a car, you want to make sure it is a car that suits your needs, is affordable, and will benefit you for many years. Consolidating your loans is no different.
Student loan repayment rates are now at a record low in 2009. This means that it is a great time to consolidate.
But here are some things to consider before you consolidate your student loans:
Your multiple loans will be grouped together into a single loan at a fixed rate.
If interest rates go up, yours won't. Hooray!!
I f interest rates go down, yours won't - this is definitely something to think about before consolidating.
Rigorous rules to play by - Some lenders allow discounts if you play by their strict rules. That is, a bank could offer you.25 -.50 discount off of your loan if you pay through ACH and are on time for 24 consecutive months. If you default or are late in paying them within that period, you will lose your discount. Ouch, that hurts.
Considering the length of time you have to pay back your consolidated student loans, you may not actually be saving at all as your loans would be extended over additional years and not the normal 10 year loan period.
About the Author
Cameron Taylor-Dill is senior editor for http://beststudentloan-consolidation.com/ Best Student Loan Consolidation provides information and guidance on Student Loan Consolidation.
DEBT CONSOLIDATION LOANS Bad Credit Debt Consolidation Bills and debts getting a little out of hand? Lower your monthly payments by consolidating them into one low payment. You can consolidate anything. Credit cards, car loans, personal loans, second mortgages anything and everything! We...
Consolidate Your Student Loans with Low Interest Rates  Â
If you have taken out several student loans then the time to consolidate could be now. There are several great debt consolidation loan programs available to help you pull all of your loans together into one easy to make monthly payment. Stay tuned for some helpful information!
Upon completing college, your first job probably paid little while your expenses have been sky high. It is not unusual for grads to have student debt in the neighborhood of -100,000 in school loans. New auto payments, credit cards, and living expenses can jack up your debt levels tremendously. You need help and help is available to you in form of a student loan consolidation loan.
So what is student loan consolidation loan anyway? It is one type of a loan that permits you to take two or more student loans, pay them off, and make one single monthly payment to one lender. Specifically, if you have three loans owed to three separate lenders, you may always feel that all that you are doing is righting out checks, week in and week out. So, why not combine all three payments into one loan?
One more helpful part about a student loan consolidation loan is that you could possibly reduce your interest rate, stretch out your repayment time, and even borrow a small amount of additional money to pay back other creditors including credit card companies.So, how do you apply for a student loan consolidation loan? Several ways including: searching online, responding to television advertisements, jotting down a number you hear announced over the radio, etc. Top lending companies are continuously advertising their offerings to consumers and are highly desirous for your business. Simply comparison shop to find the consolidation loan plan that is right for you.
Before applying for a consolidation loan, there are some things for you to keep in mind:
1. Loan Amount. Will the loan you secure enable you to pay off all of your student debt or only a portion of what you owe? Your lender will likely want to see a proof o! f income before extending a favorable loan rate to you. Expect copies of your credit reports to be pulled by the lender as well.
2. Loan Rate. Will the loan rate be for a fixed amount or will it be an adjustable rate loan? Consider locking in for a long term fixed rate consolidation loan to ensure your monthly payments remain fixed.
3. Loan Term. Are you able to stand paying back your student loan consolidation loan for 15 or 20 years? If you pay the loan back early will there be any prepayment penalties? What if you were to default on your loan?
Your options to obtain a student loan consolidation loan has never been better so take full advantage of one additional way for you to consolidate your debt through a student loan consolidation loan.
About the Author
Jeff is the owner of Homeowner Loan Guide one of the Uk's leading secured loan quote providers. If you are searching for that low rate on a secured loan then visit our site today for a free no obligation quote. We provide great rates that compate to leading lenders like Abey National
