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by James Berdhof Federal student loan programs are set up to offer students federal aid to pursue a higher education. Most school expenses such as tuition, books, room and board, supplies and even transportation are covered in the federal student loan program. Different Types Of Federal Student Loan Programs Stafford loans are the federal student loans programs that are made available directly to the student, and are used to supplement scholarships, work-study, grants, personal, and family
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National Mortgage News reports: The House Financial Services Committee has postponed a markup of a mortgage reform bill that bans certain types of yield-spread premium payments and requires lenders to retain 5% of the credit risk on subprime loans that are sold to investors. The committee had scheduled a Tuesday (March 31) markup session, but canceled it without explanation. Lenders that sell subprime loans will not be allowed to “directly or indirectly transfer the credit risk it retains,”
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by Garrison Galbraithe

If you have a good credit rating or an excellent credit rating, you are usually able to obtain a personal loan or business loan fairly easily during good economic times. These loans are typically obtained from traditional lending institutions, such as banks. However, during difficult economic times, you may find it much more difficult to secure a personal loan, or any loan for that matter, from a traditional lending institution.


If banks are unwilling to give you a loan, and you have a reasonable credit rating, there are alternatives. A new idea i

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s to borrow from other individuals that you likely do not know. There are new services available called peer-to-peer lenders. These new person-to-person lending sources allow borrowers who need money to request, and hopefully obtain the money they need from other people.


Why would you use one of these peer-to-peer lending sites? For starters, you are more apt to have your loan filled at a social lending website than from a traditional lender, like a bank. Banks may be less inclined to loan you money than other individuals might be. Both borrowers and lenders can take advantage of better lending terms at social lending sites. The interest rate that the borrower will pay for their loan is likely going to be lower at a social lending site than at a bank. For those people who are lending money, they will likely be able to get more favorable terms lending money to other individuals than they will by just keeping the money in a certificate of deposit in a bank. Of course, there is some added risk for the lender, as the borrower is more likely to default on the loan than the bank is to not pay the interest and principal on your FDIC deposits.


In order to make sure than you are eligible to obtain a loan through a peer-to-peer lending site, you should know your FICO score. Your FICO score tells you what your credit rating happens to be at that moment in time. Peer-to-peer lending websites like to deal with people who they feel confident will be ready, willing, and able to repay their loans. As such, they place restrictions on who is able to borrow money on their site. In order to borrow money on these peer-to-peer lending websites, you will need to have a good credit rating. Usually in order to qualify for a personal loan through one of these social lending sites, you need to have a credit score of at least 640. Some of the sites require even higher scores. Some are as high as 680.


If you have a good credit score, you can apply for a peer-to-peer loan through one of the several social lending sites. In the United States, some of the more noted social lending sites are Lending Club, Zopa, and Prosper. Zopa is also available to residents of the United Kingdom.


Peer-to-peer lending is a great way to get a loan. You can obtain a loan, probably more easily than through a bank, and probably at a better interest rate. It is a win-win situation for all people involved.



About the Author:
Garrison Galbraithe, who has been passionate about personal financial matters for more than three decades, has written a practical guide to peer-to-peer lending companies. You can obtain information about various borrowing options, including how to get a signature loan at his site.
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A second charge is often taken out for the purpose of debt consolidation or home improvements. There is also a possibility of borrowing money with a home owner loan for those with a bad credit rating. A second charge is an easy way of borrowing money when an unsecured loan isn’t available, it may be due to bad credit rating. Consumers often take out a second charge for debt consolidation and home improvements. All second charges are registered with the Land Registry. The registration is done t
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FAP904: FFEL, student credit cards, making money with Amazon, free stuff Listen now: Weekly Financial Aid Roundup The consequences of eliminating FFEL - some predictions . Eliminating FFEL - more commentary . Scholarship Update Our $10,000 scholarship… next week ! Scholarship Points Instructions Are you a Scholarship Points member? In today’s show, get a Points code for 20 Scholarship Points by subscribing to the podcast and listening to the episode . Subscribing i
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by Gregory Wills

Nowadays, female drivers are luckier as compared to male drivers. And the reason for that because of female car insurance, where female drivers can easily get lower car insurance rates as compared to their male counterparts.


Yes, being a female driver means having the privileged of getting cheaper car insurance as compared to male drivers. As compared to male drivers, female drivers are said to be better when it comes to driving. This is not hearsay. In fact, several reports have already supported this account. It’s been established that between male

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and female drivers, females are the ones who drive safer. They are not usually involved in traffic accidents but if they are, in most cases, it’s a bender fender. Plus, not to mention, whenever they ask for car insurance claims, it often involves lower claims as compared to male drivers.


However, bear in mind that being a female driver does not mean one could automatically get affordable car insurance premiums. Being a woman affects one’s auto insurance rates to some extent but it does not completely depend on it. To find your low cost car insurance, go to the Internet and shop around. You may wish to get several car insurance quotes so you could possibly get the cheapest vehicle insurance for yourself.


Before you buying the cheapest vehicle insurance rate that you can find, consider one more thing - the auto insurance provider itself. You may be attracted with its low auto insurance rates but the bigger picture should be - is it a trustworthy company? Are you spending your money on something that could eventually help you in the future?


Also, aside from getting lower car insurance rates because of your gender, you can also ask for numerous car insurance discounts like if you drive less, you get good grades from school, you have multiple vehicles under one auto insurance provider, you have safety devices in your car etc. Make sure you ask your car insurance agent if you can take advantage of those discounts.



About the Author:
Start saving more on your car insurance premiums. Get your Female Car Insurance now. Start your savings here: Female Car Insurance. Click here to submit article.
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Daily Aid 101: Step by step affiliate marketing setup for Amazon.com Student Financial Aid News From the Chronicle : Enrollment at many community colleges is rising so fast that the colleges have run out of space for classes. A number of the institutions have seen double-digit increases as the economy has imploded, and their administrators have converted conference rooms, lounges, and computer labs into classrooms, in addition to scheduling courses on Friday nights, on weekends, and as
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Loan for Bad Credit: For Unemployed People, Is It Possible? People who are unemployed and have a bad credit history may face some obstacles in applying loan. You can find loan for bad credit for unemployed people in such instances in spite of a credit. The fact that people are unemployed becomes very complicated to fulfill their responsibilities. When you are unemployed, applying such a loan is not an easy talk. No financial institutions provide fund for unemployed people on
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Daily Aid 103: Should students have credit cards? Student Financial Aid News From NASFAA: “Student-loan companies, faced with the threat of extinction, are finding a glimmer of hope in the Senate’s budget blueprint for the 2010 fiscal year,” The Chronicle of Higher Education reports. “The spending plan, which will be unveiled later today or tomorrow, will not instruct the education committees in Congress to undertake the deficit-cutting process known as budget reconciliation. The omissio
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by James Drake

Now, let’s take a look at some ways to increase the chances of obtaining a loan modification You can increase your chances of success by using some of these little known secrets Let’s see a couple of these tips.


If you want to get your mortgage loan modification approved, you have to prove financial hardship. First, write a financial hardship letter to your lender. In this letter, you explain your financial problems. Also, make sure you tell your bank what measures you will take to improve your state of affairs. Finally, write that you are committ

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ed to staying a home owner.


If you set up a new home budget and free up some money, this gives you more space for monthly payments. You have to be aware of your available income to be able to determine an affordable monthly payment. Reassure the banking company that you’re able to pay that monthly amount now and will be able to keep it up in the future.


Inform your lender about your financial situation by filling out the necessary financial statements. Never try to omit information and be meticulous when filling out the forms. Make the lenders job easy by submitting a complete financial statement including a financial offer for the future.


If you’re applying for mortgage loan modification, plan ahead and do your research. If you know the approval criteria, you drastically step-up your chances of success. Know that time is not your ally when doing mortgage loan modification. You’re responsible for doing the necessary steps in order to save your home!



About the Author:
James is a broker writing about loans and mortgages. He also writes about mini lening and goedkope mini lening in Dutch.