Thursday, January 25, 2007
Student loan consolidation, credit card consolidation, consolidate loans w/ low rates bad credit loans college student loan rates are up B debt FREE
College student loan consolidation, Time 2 Consolidate college student loans, Get the best rates for student loan repayment, eliminate credit card debt, try to get out of debt- bad credit loans, refinance to save money on interest- WHATEVER IT TAKES!!
Time 2 look @ Consolidating student loans, consolidating credit card debt, become informed about federal student loan repayment options & rates, and start out ahead of the game by eliminating debt, no matter if it is from student loans, credit card debt, mortgage loans, or debt from medical bills etc.. Time to learn about Equity Mortgages, Consolidation of debt, Mortgage loan rates & terms, rates for consolidating student loans, and much more from the basic of just how to fill out a mortgage application to apply for a mortgage, fill out credit card applications (or how to NOT fill them out), understand the terms of credit cards & rates.
This may sound just plain silly & dumb, but the fact of life today is that we, especially younger people are falling father in debt than ever due to student loans, which derives from the rising cost of college tuition, credit cards that are targeted at young college students that usually lack the understanding of credit card rates, the negative effects of bad credit, & apply for a credit card by filling out the credit card application on the college campus and the cycle starts. Plus many more things in today's world that has caused more young people to go into huge debt before they can even legally buy liquor.
Here's an small portion from the press release announcing the Single-Lender Rule Repealed; NextStudent Offers Low Student Loan Consolidation Rates:
"The single-lender rule that prohibited student borrowers from consolidating their student loans with the lender of their choice was repealed June 15, 2006 when President Bush signed into law the emergency supplemental spending package, H.R. 4939. This has paved the way for student borrowers to consolidate their federal student loans with the lender of their choice at low interest rates before the July 1, 2006 rate increase of 1.84 percentage points.
In order to take advantage of the low interest rates, student borrowers now are urged to consolidate before the July 1 deadline, according to NextStudent, the Phoenix-based premier education funding company. The well-established company offers low rates and unmatched benefits and incentives to all student borrowers.
By consolidating before the deadline, student borrowers will avoid an interest rate hike that is the second-largest rate increase in the history of the federal student loan program. Some of the expected new rates include: a 6.8 fixed rate for Stafford loans disbursed on or after July 1, 2006, and an 8.5 percent fixed rate for PLUS loans disbursed on or after July 1, 2006.
With consolidation, a borrower’s various loans are combined into one loan and one monthly payment at a low interest rate that is locked for the loan’s life. Repayment terms can be extended and thousands saved over the long term.
NextStudent’s offerings of low rates, aggressive benefits and discounts along with top-notch customer service are unrivaled in the student loan industry. The company offers a 2.5 percent interest rate for qualified borrowers, when benefits are applied: 0.60 percent reduction for students who consolidate after graduation; 0.25 percent reduction with use of Auto Debit; and an additional 1 percent for making 36 consecutive on-time payments.
Student borrowers now can consolidate their loans through the lender of their choice. With less than two weeks until the July 1 deadline, student borrowers are urged to consolidate their loans to get the best rate and incentives before the rate increase.
NextStudent offers one-on-one education finance counseling and has a portfolio of highly competitive education finance products and services including a free online scholarship search engine, federally guaranteed parent and student loans, private student loans, both federal and private student loan consolidation programs, and college savings plans.
The NextStudent Scholarship Search Engine, one of the nation’s oldest and largest scholarship search engines, is updated daily, available free of charge, completely private – and represents 2.4 million scholarships worth $3.4 billion."
We just touched a very little on student loans, consolidation of student loans, etc.. but more information to come VERY soon..
Just to touch on CREDIT CARDS VERY QUICKLY...
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A credit card debt financially means paying thousands of dollars as compared to a mortgage. The reason being the interest you pay on a credit card is high and not tax deductible, thus you pay a higher rate than you would on your mortgage. These debts are rated as "bad debt" whereas your mortgage is considered "good debt". THINK here, you can use mortgage refinancing or other refinancing options to pay off your high-interest credit card debt can save you money in the long run. That means refinancing and using that money to pay off credit card debt, or avoid huge credit card debt altogether, is a very financially sound decision for both short-term & long-term.
CREDIT CARD CONSOLIDATION, Refinancing Mortgage Loan VS Credit Card purchases, Credit Card Debt VS Debt from refinancing and/or debt from mortgage...
There are many good reasons to consolidate your credit cards, the most obvious of which is to get out of debt. Credit card companies have made it too easy to get credit and society has made us feel if we don’t have a certain amount of material goods we are lacking in some way so off we go to the store to run up more debt we can’t afford.
To consolidate your credit cards the first thing you need to do it to research the companies. There are many disreputable companies out there that will take your money and run. Or they just want to get hold of your personal information and steal you identity.
The first consideration for a credit card consolidating company is the fees. If they charge a large fee it should make you wonder about their motives. There are some non-profit debt relief services out there that can help.
Then there is the negotiation for lower interest rates to help pay off the cards. Most credit card companies are more interested in getting their money than all the extra fees they tack on. Some will wave over the limit and late fees to get their initial money returned. A good consolidating company will work with them to get the best deal for you.
The lower monthly payment may not seem so low at first. But when you look at all the smaller bills you are not paying and the hassle of paying several different bills, it is better. They will often do a direct deposit from your savings or checking account so you never have to bother with mailing them money.
The down side to consolidation is that they cancel all your credit cards. That means in an emergency you will have to find money some other way. And with some companies that wave their fees, the put it in the pay off contract that you can not apply or use another companies credit card until they have been paid. This does seem fair to the company you are trying to pay off but then you lose the security of having that extra credit when you need it.
There are also credit card consolidation companies that will help you learn how to take care of your personal finances to avoid getting in to debt. When we go to school it is the one thing that is not taught well. And that leaves us swimming in the unknown. Many people don’t really know how to budget their money and stick with it. Living within an affordable budget takes commitment and work and a lot of people don’t want to work on their own time and feel their personal finances will take care of themselves. That is where the trouble starts.
Gregg Hall is an author living in Navarre Florida. Find more about this as well as credit restoration at http://www.creditrestorationfirm.com
MORE TO COME SOON!!!!
Labels: debt managment, Financial Tips, Student loan consolidation
