Fast Presettlement Funding

When you are in the middle of a nasty court battle with say….and insurance company, you need to find an expert in fast presettlement funding.

Finding a lawsuit loan in a hurry is a big big challenge. You have to be excepted on the merits of your case as – as mentioned below. Finding a lawsuit loan in 24 hours is nect to impossible.

Presettlement loans are not as easily procurable these days as they once were. You have to have a pretty good legal case before you will be approved for a lawsuit loan.

Your best bet is to talk to your lawyer in detail before going further in your search for presettlement lawsuit funding. Your lawyer(s) may have a financing option for you…….and please – read carefully before you agree to anything on paper.

Free Blogs That Are Easy

INteresting, as I have been using Blogger mostly in the past, but I’m looking for alternatives to Blogger and Wordpress. Some free blog service with no advertising would be best.

een doing some research into free blog services. But more than that, I’ve been looking for some blog services that are free And easy to use. Blogger and Wordpress, but I want a free blog service that allows my advertising on it.

I’ll be posting a list of these free blog services in the posts coming up before the new year.

Watstat Site Like Wikipedia

You can see there are allot of other webmasters who are trying to build their own Wiki sites these days. My favorite Wiki platform is DokuWiki, and there are others using exactly the same software as Wikipedia.

A good example is this site, called Watstat. They use the Wikipedia software platform for their site. Interesting to me anyway.

I think Watstat is supposed to mean “What’s That?” Hmmm…

HELOC Interest Rates In Canada

HELOC interest rates in Canada are lower than ever as the Loonie rises. As a result, HELOCs are being applied for en masse. Canadian banks, like all American banks, are eager to provide home equity line of credit financing. There is no risk to the banks in Canada, and they make nothing but money with their interest rates.      

Canadian HELOC rates have been staying pretty low at the variable home equity loan rate and the fixed HELOC rate. You must shop around a little to ensure you don't get hosed with a bad rate. Found a good article on Canadian HELOC interest rates over at Zulit.com. Goes into depth on HELOC in Canada and what borrowers can expect with a home equity loan. 

 

Searching for Guaranteed Student Loans in Texas

Had an email the other day from someone regarding a student looking for a guaranteed student loan program in Texas. Finding a guarantee is a pretty tough call you know. I would think that there are not that many banks in New Mexico that provide for such a deal.  

Why this is such a brutal loan to track down in Texas?  Easy. The banks are really clamping down officers approving bad student loans, and the Federal government has slapped some new laws down in regards to predatory lending practices in the student loan arena.

Provided here is a site that gives guarantees student loans in Texas. This is what they provide for you

“If for some reason you don’t find the student loan you need, you get your money back for their service. It doesn’t cost allot anyway, but at least you can check it out for yourself.   

Hope this helps! 

Bad Credit Applicants Needing Auto Financing

Bad credit auto loans are hunted for online more than any other kind of bad credit loan. Due to the fact that owning a reliable vehicle is paramount many Americans need bad credit auto loans. If you or someone you know has ever experienced bad credit or bankruptcy you understand the frustration of trying to acquire reasonable financing.

 As the creditors and lenders in the United States begin to compete even more aggressively they are opening doors for people with bad credit. We have been online for some time now and pride ourselves on providing solid information to our visitors.

Being a writer for www.auto-loan-4u.com has forced me to research bad credit auto loans online and contact banks via phone. I have implemented my own methodology sift through the online finance businesses one by one. What I found was a handful of time tested merchants who come across with the funds more than their competitors.

Key to us recommending the lender, (credibility given), is their web site has to have a quick and painless form to fill out. The shorter the better. I use a program called roboform for all my form filling tasks. Do a search on Google for Roboform and you'll find it straight away.

Bad credit auto loans permeate the landscape of online finance but this does not mean off-line. Most borrowers look at their hometown bricks and mortar banks and car dealers first. If they can't get help from these people then they hit the online world for their bad credit auto financing.

Up Side Down Motorcycle Loans

If a buyer wants to sell or trade in the motorcycle within a bad payment plan they will likely find themselves owing more than the motorcycle is worth.

This is especially true if a down payment is not made. The reason this occurs is that the motorcycle depreciates faster than the principal is paid; leaving the balance owed to the lender to be more than the bike can be sold for.

Simple interest on the other hand, is much more favorable for buyers since interest accrues on the balance of the loan.

However, buyers that extend their loans for greater than 48 months can still find themselves up side down with simple interest.

A common view that many people have is that they will just surrender their motorcycle to the lender if they are caught in an “up side down” position. If you are considering this option don’t! Your worries do not just end after your motorcycle is surrendered or repossessed; in fact they are just beginning. The lender will sell your bike at an auction for much less than it is worth. You will still owe the difference between the amount you owed on your loan and the amount the motorcycle sold for at auction.

So if you owe $5000 and the bike sells for $1500, you still are responsible for owing the lender $3500. To make it worse lenders may tack on hefty auction fees which you will owe as well. So the net result is that you are now responsible for making monthly payments on a bike you can no longer ride.

Student Loan Consolidation In General Form

Here is my quick bit for today on student loan consolidation. We’re in summer mode this week, so the posts won’t be as long. Enjoy.

You want to compare the lending policies from many student loan consolidation lenders, and pick the one who will garnish you the most savings, and has an exemplary customer service desk. It can be hard to compare different types of repayment incentives programs so ask for the bottom line – how much will you be paying in total interest.

When you’ve finally realized that you can be eligible for student loan forgiveness (or perhaps not), it is time to begin making scheduled payments. Federal student loan consolidation can help you do that more affordably by extending your repayment term and lowering your payment and interest rate.

The company should have actual people available to answer your questions and they should be courteous and knowledgeable. You have many choices in lenders pick one that will deliver for you. You must give up what is left of your grace period when you consolidate so if you aren’t ready to start making the payments time it so your consolidation is funded right at the end.

Usually, student loan consolidation takes 3-5 business weeks, so you should have your lender chosen, and an application enroute by about 3 months after you have graduated.

Loans on an Installment Basis with No Backer

No backer (co-looker-on) or security needed.
A bad credit personal installment loan does not require a backer or need another asset as security. You can apply for a line of credit quickly and handily. The max. credit limit is TWD800,000. * With this bonus funding, you can make your dreams do better true and spice up your life.

Whether it is for a new car or new furniture, for a vacation, a study-abroad, or even to get married, bad credit can help. 

Installment loans can look like thishamper your fexibility. Low interest rates, no credit insurance charge and a low revolving credit management fee.

Many Lenders charge a low interest rate however requires on additional credit insurance charges and revolving credit management fees of TWD6,000 - 7,000. bad credit Personal Installment Loan, in addition to low interest rates, has no credit insurance charge and a very low account management fee.

Benefit from other bad credit financial services
When you become a bad credit installment loan customer, you can also benefit from our other pro financial services such as cash mastery, credit card, investment and mortgage provided with your bad credit money management account.

 

Student Loans - The Culture of Debt

The culture of debt is perpetuated with the ongoing growth of debt by young Americans. 

Actually, this problem is all over the developing world now, in places like Canada, and United Kingdom.

Student loans are once again a topic of disgust, as millions of young Americans grow their debt further. Found this good little piece on student loans yesterday. Very good point made here.

As undergraduate students across the country sit their final exams, they are preparing to emerge into the working world with an average debt burden of around $26,000, a debt charity has warned.

The debt incurred in their student years may not impede their finances in later years, Credit Action's spokesperson Chris Tapp said, but it does embed a "culture of debt" which students can find hard to shake off.

Financial experts stress that debt per se is not necessarily a problem and well-managed borrowing teaches individuals good financial management.

But, as "government-endorsed debt on a massive scale", taking out a student loan is "feeding into debt culture", Chris Tapp warned.

What is more, a "rising percentage" of graduates may be falling into insolvency after finding their accumulating debt impossible to manage, he stressed.

A damaged credit rating can affect graduates' ability to obtain a mortgage or loan for the next six years, as well as limiting their employment options, with a history of insolvency barring candidates from professions such as law or accountancy, he noted.

Bad Credit Loans - What To Do and Not To Do

If you are searching for a bad credit loan it could pay you to shop around and compare quotes for bad credit loans.

Lenders all have their own assessment routines for assessing applications for bad credit personal loans and they also perceive risk levels differently. In addition competition is fierce for customers and even if you have a bad credit rating, lenders may still perceive you as a low risk and offer rates that are quite competitive.

Most consumers will start with the bank or lender that they are accustom to dealing with and will fill in an application for a bad credit loan or they will meet with the loan manager at their local bank. Unfortunately this can be stressful as well as inconvenient especially if you have to take time off work to meet with the loan manager. It is stressful because you are sitting across from someone who will look you in the eye and perhaps say yes to your application for a bad credit loan.

Comparing bad credit loans is much easier and convenient if you do this over the Internet. Most lenders have automatic loan assessment tools and those that don’t will just review your application during normal business or extended business hours and then either send you an email or give you a call to confirm details. Applications for a bad credit loan can be filled in during the evening or when ever you are off work.

Within an hour or two, consumers can apply at several lenders for a bad credit loan and then relax until the answer is returned. In some cases lenders will provide quotes to you online within minutes and they even provide a small discount for applying online compared to other traditional lenders.

The really important message here is that you can apply online for a bad credit loan from the comfort of your home and compare the bad credit loan quotes you receive. Consumers should always compare all details of the quote to ensure that they are accurately comparing all aspects. One bad credit loan quote may have the lowest interest rate, but then add processing fees and other administration fees that increase the overall cost of the bad credit loan.

The variables that consumers should consider when assessing a bad credit loan application are: the interest rate charged and how it is calculated; the term; monthly payment; processing fees; administration fees; any penalty fees for early payment; any discharge fees at the end of the loan and the reputation of the company that you are dealing with. All of these factors should be considered when comparing the results of your online quotes for bad credit loans or for any personal loans and mortgages that you are considering.

Consumers who are unfamiliar with these variables or uncomfortable with these terms should seek out an expert who can assist them in evaluating the different quotes and help them select the best bad credit loan for their needs.

The Kind of Loan To Avoid

 

Online Boat and Yacht Loans

Many consumers will take advantage of the financing offered by the various yacht dealers when they purchase their new or even a used boat.

The dealers know that if they can interest you in a boat, and arrange for financing you are more likely to purchase the boat than if you walk away, find a lender and have time to think about whether you can really afford the boat in the first place. Boat dealers can offer a one-stop shop, the boat of your dreams, financing in terms of a boat loan, sometimes even dry-docking as well as maintenance.

There are many other lenders who have boat loans available for all types of boats and if you are contemplating the purchase of, for example a 36 Doral, that sleeps 8 and costs half a million dollars etc., you might be able to find a better boat loan by surfing the net and filling in a few applications to see what type of boat loan offers are available.

Generally, you can submit an application online, however some lenders will want to have you send the application by fax or speak to you over the phone. Keep your requirements the same for every application and then you can compare the quotations when they arrive that much easier.

There are all types of boats and also depending on whether you are purchasing a new boat or a used boat the lender may want to have an appraisal completed as well as be show the appropriate insurance documentation.

All of this is required to really manage the risk and ensure that the lender loans you what the boat is worth and that it is also insured in case it is damaged in some manner. Every boat is different so you will need to be sure to read the fine print on both your boat loan as well as the insurance for the boat that you purchase.

Some lenders specialize in marine financing, while others will treat the loan like a personal loan with a short term. If you are purchasing an expensive boat this can really increase the monthly payments, so you may want to consider a longer time to make the monthly payments more manageable.

As mentioned earlier there are many different types of boats that consumers will consider purchasing and as a result need a boat loan. Sail boat loans, house boat loans, yacht loans, motor boat loans, fishing boat loans, speed boat loans and many more different types of boats will require specialized financing.

You will probably want a lender who is familiar with all different types of boats as well as the gear they require to run them. The larger boats will have depth sounders and marine radar, as well as marine radios that are required for safety purposes. Dealing with a lender that is familiar with boats will make it that much easier to negotiate a boat loan that will include the various electronic gear that you will need.

Some Nice Boat Work in This Video

Bankruptcy and Neglecting Student Loan Payments

I actually like the video at the bottom of this article on students, more then than the article itself.

Students just can’t afford to walk away from their student loans anymore. Read on…  

At one time students could declare bankruptcy and just walk away from their student loan.

So many students did this, that governments started taking action to prevent situations like this - by passing laws, and going after delinquent students who did not pay their loans or tried to claim bankruptcy.

Before you decide to claim bankruptcy, in fact well before you get to the stage were bankruptcy is a really a factor, sit down with your financial advisor or bank manager and discuss what you can do to solve some of the financial issues that are taking you in the direction of bankruptcy.

This is true at any age, but even more important for students since a bankruptcy claim can affect you for the major part of your early years in your career. Early in your career you need money for homes and cars and furniture, even to get married. Having a good credit rating can make a big difference.

If you think you may benefit from some counseling or assistance, most loan agencies that provide student loans have information on their web sites that you might find worth reading.

Subjects such as budgeting, scholarship applications, consolidating loans, deferred loans and low interest rate loans are some of that you might consider before declaring bankruptcy.

Consider that by consolidating all of your debt into one low interest rate loan, you might find that your monthly payments actually decrease giving you that breathing room you need to get by and avoid bankruptcy. Lowering your monthly payments and paying less interest will make it much easier to deal with your financial challenges.

Related Video – Neglecting Student Loans – Must Watch!

Payment Calculator Article

Car loan calculators are easily found online in present day. Nothing to be impressed with really. Some companies offer easy to use car loan calculators on their sites and some provide extremely crude and   calculators.

Auto loan 4u has three main calculators they recommend as of late. One of them is a "home made" general amortorization calculator that can be used for any kind loan. There are some specific traits that car financing has with terms and rates so specific car loan calculators can be handy. (and handy is good right)

Capital one auto finance has a good car loan calculator and so does Eloan. You can find many more out their in cyberland if you do a little bit of surfing. I recommend you do a search online car loan calculator or auto loan calculator. If you are on this page then you have probably already done this. 

Just click the "calculator" link at the top or bottom of this page. And you can use any of the ones found in the directory. You can check back periodically to see which car loan calculators Terry is providing on this site. I'm not involved personally with what this site provides but I did see the amortorization calculators provided recently and I can whole heartily recommend them to you.

The only way we can plan our future cash flow is if we know the true cost of the monthly or weekly installments (payments) This is where the importance of having a reliable online car loan calculator comes in to play. I'm always surprised at what consumers pay in interest by the time their auto loan is paid.

Scary to say the least. You want to take a look at how much interest you are actually paying on your car loan. The wake up call can be sobering to be sure. Try to get that down payment up as high as can to avoid nasty interest costs.

 

When is Your Student Loan Debt Over the Top?

Good post from Janet, at the Kip, on student/college loan debts. She has some good points, and some raw data on borrowing money for school. 

Despite all the attention being paid to student loans, only a small percentage of students say they choose a school based on affordability, according to a survey by Key Bank. Of the students polled, 36% said curriculum was the most important factor when selecting a school; only 12% selected a school based on affordability.

Of course, choosing a school is an educational decision. But economics also plays a big part -- as the students themselves discovered. Once kids got to college, making ends meet financially was the number-one concern of students in the Key Bank study -- cited by 25% -- ahead of keeping up with the workload (20%) and getting good grades (16%). But it's a little late to find that out after you've sent in the deposit.

To get an idea of how much debt is reasonable, start with the Student Loan Advisor calculator at www.finaid.com. Students plug in their field of study, expected graduation date and loan interest rate. The site gives them the maximum loan amount they can safely handle, assuming they want to limit their monthly payments to between 10% and 15% of their income.

Say your future brother-in-law plans to major in education. As a teacher, he can anticipate a starting salary of $35,100, according to the calculator. To limit his payment to 10% of his income, he could borrow about $25,500 at a 6.8% interest rate (the rate on new government-sponsored Stafford loans) with a ten-year repayment schedule.

If he's planning to be a chemical engineer, with a projected starting salary of $60,300, he can borrow $43,700, given the same assumptions.

That's more manageable than $100,000, but it's still a lot of debt. Which brings me back to where I started my series of columns: If money is an issue, consider going to school in-state at a public college or university, or start at a local community college and then transfer. If you still decide to borrow more money to attend an expensive school, do it with eyes wide open and have a plan to pay off the debt.

[Source Kiplinger.com]

Imagined Credit Card Offer

This is sort of a silly article on credit cards. The writer imagines a mailbox credit card offer that trys to get the reader/customer excited about ruining their credit rating.

Like I said, sort of silly, but I got a chuckle or two. 

The amount of credit cards offered through the mail, on t.v., the radio and magazines is astounding. They offer no fees, 0% APR, frequently flyer miles, education funds etc. etc.

They all offer you the best credit card on the planet. You have to have your financing, accountant, and lawyer's cap on to wade through all the terms and conditions of each and every card offering.

The most realistic credit card offer should sound something like this:

"Hello friend! Would you be interested in having a little plastic card that will allow you to pay compounding interest. We are offering the highest interest rate to date at a grand 35% interest rate compounded daily. We charge 20% APR and and a $100 annual fee.

We have offered this amazing credit card to millions of financially ruined Americans. Well - if they weren't financially ruined before we will be sure to leave them financially ruined.

After you can no longer make the payments on your house, car and your children's education we will come and offer to take some equity out of your house"

Wow...sign me up! Sounds promising right. That is a card offer I don't want thanks very much. It sounds ridiculous I know but in some ways it is accurate.

I would be very wary of offers in the mailbox that read "you have been approved and you just won a ham". Any creditor that uses these kinds of marketing tactics is one you should look close at before running off to the mailbox with their easy to fill out, pre-application form.

Financial Security Upgrades To Fight Fraud

Financial security against fraud is on-going, and hopefully the crooks and the scum-bags will be caught, and beaten with hard, wet noodles. 

Found this at the Wof (World of Financing).

Story…

Memorizing a password just does not cut it anymore. Before you access a Bank of America account online, you'll be asked to verify an identifying image (say, a chess piece or some other object) and a phrase that pop up when you log in.

E*Trade Financial offers a gadget that works like a digital decoder ring to unlock your account information. Wachovia might ask you for the name of your high school mascot before letting you pull up your bank statement. And some financial firms are experimenting with anti-fraud devices that will take your fingerprint or scan your iris to protect your identity and your money.

Blame financial regulators for the added inconvenience. It's part of an effort to combat identity fraud, which cost the economy a total of $49 billion last year, according to Javelin Strategy & Research.

About 3.7% of U.S. adults were victims of identity fraud in 2006. That percentage was actually down a bit from 2005, perhaps because regulators have required banks to improve online security to make sure you are who you say you are when you log in. And many other financial firms are beefing up their defenses as well. "By the end of the year, the security process will be very different," says Gwenn Bézard, a research director at Aite Group, which studies online security.

Cyber armor. Companies can select the kind of cyber armor they wear, and Bank of America, ING Direct and Vanguard are up front about their choice: They require you to select an image and a phrase that will appear on your computer screen before you type in your password. If you log on and the image and phrase aren't the ones you chose, you may have been directed to a fake Web site designed to steal your personal information.

Wachovia's security is more subtle. Each time you log on to a Wachovia account, bank software rates the risk that you could be a crook. Use your home computer and you're likely to get hassle-free access. Log on from an Internet café in Hoboken, N.J., then from one in Boston, and you'll probably have to cough up some personal details, such as the name of a favorite childhood pet.

A number of sites call on your people-watching skills. Web-security company Passfaces created an authentication system, adopted by Midwest Independent Bank, that features Brady Bunch-like groups of nine faces. You select three of the faces when you register your account, and you must recognize them in sequence each time you sign on.

Sometimes extra protection comes in small packages. E*Trade customers can request a device called a Digital Security ID, which is small enough to attach to your key chain and spits out a six-digit code when you log on. The number sequence changes every 60 seconds to prevent thieves from stealing your code. Customers who trade more than 30 times every three months get a free Digital Security ID; otherwise, the device costs $25.

Biometric identification -- the scanning of eyes or fingerprints -- is also in use. At a dozen branches in Utah and Idaho, Zions Bank is testing a system that lets customers cash checks if they are willing to use their fingerprints to identify themselves.

Will it work? All the extra fuss may not make our money any safer. When researchers at Harvard University and the Massachusetts Institute of Technology studied the anti-fraud image system used by Bank of America, they found that 58 out of 60 users still logged on to a phony Web site that did not display the images that the users had selected. The system raises the bar for criminals, says Rachna Dhamija, one of the researchers who conducted the study, but "if users don't comply, it's entirely ineffective. They are going to be giving out their credentials to the wrong Web sites."

But let's face it: It's tough to remember images in addition to multiple codes and user names. To help, a number of software programs -- Password Agent ($25), Handy Password ($30) and RoboForm Pro ($30) -- track all your passwords and stow them in a protected file on your computer or hand-held device. Of course, you'll have to create yet another password and user name to access their protected files.

No matter how sophisticated it is, no single online-security measure is scam-proof. Even biometric gadgets and high-tech code keys can be thwarted. David Cowan, co-founder of VeriSign, an Internet-security firm, says that many crimes could be prevented if banks simply made phone calls to account holders to confirm unusual or suspicious online activity -- such as transfers of large sums of money to other accounts or changes to mailing addresses for accounts.

[Source Kiplinger.com]

Related Video…NY Credit Card Identity Theft Bust

Bad Credit Auto Loans and Cool Video

I like this post over Lazerloan.com. Bad credit auto loans is the article title, but the video is a cool smart-car advertising bit. Love this cars! I want one! 

This is a little trifle on car loans, and bad credit ratings. Fairly short, but some good point made along the way. Some talk on the subject of finding auto financing online as well. Online borrowing has become common - place in the new century.

Often online financing (like Capital One) is the only option for people who have bad credit, and their local bricks & mortar banks won’t help with a car loan.

Auto Loans With A Bad Credit History

While you are on the lookout for a car, try to do an extensive research on the car loans available in your city. However, before applying for what you think is the best auto loan, look out for your credit ratings. If you are planning to buy a car and have a bad credit rating, you are in for tough times! Anything below 600 can spell trouble for you! Yes, a bad credit rating can mean HIGH interest rates and low amount approvals. All the time that you spent on loan research will go down the drain. You would not want your poor credit ratings to interfere with your dreams, would you? So, go ahead, look around for a company that offers “poor credit auto loans”.

Wait a minute – do you know how to calculate your credit score? No problem, the Internet is a boon for for all borrowers. Do an intelligent search and your screen will be flooded with numerous web sites, which can assist you in this matter. Moreover, they are free! Once you get your credit report, it is advised that you repair the damage you have afflicted on your credit ratings before you apply for a car loan. Alternatively, you can look for financial institutes that approve car loans to people with poor credit. Again, there are bound to be loopholes which, if ignored, can weaken your credit report for a long time.

Online Car Loans

Keep an eye out for low interest rates offered by online car loan providers. Online loan? Yes, there are reliable financial companies who cater to the needs of people who require fast auto loans. Enquire about their offers for people with bad credit history. They take your details via a simple online form and send you a blank check valid up to the maximum limit of the amount of loan they think you are eligible for. You know the amount you can afford as a down payment, just fill in the balance amount while you are at the dealers. It’s as simple as that. These online companies are sheer competition for the dealers and several others who claim to offer the best auto loan you can get. Whatever may be the situation, try not to take a loan from car dealers. They usually charge high interest and the price you pay at the end of the loan tenure is usually 3-4% higher than what you would have paid if you had opted for an online loan.

Keep sometime in hand before you go to the car showroom and buy that dream machine. Surf the net extensively and get in touch with as many auto loan providers as possible. Match the quotes, which each company offers and select what you think, is the best car loan quote.

Are you planning to buy a car with a bad credit history? Look around for the best car loan rates quotes. It is OK if you have a bad credit rating because with bad credit auto loans you can buy a car with buy a car with bad credit program. Semi-Related Video…..Smart Cars Ad.

BioDefense Retains Equity Solutions for Business Development

Defense industry news provided by Financial News USA (OTC: FNWU). U.S. BioDefense, Inc. (OTC BB:UBDE) announces Equity Solutions, Inc. has been retained to provide business development services. David Chin, CEO of U.S. BioDefense, stated, "Our company possesses a solid base to grow and is confident Equity Solutions will assist us with future development and acquisition of customers in new market segments." U.S. BioDefense is a Department of Defense Central Contractor that researches, develops, and commercializes homeland security and leading-edge biotechnologies.

Raytheon Company (NYSE: RTN) has delivered its first Joint Standoff Weapon (JSOW) Block II -- a new variant offering significantly lower unit costs and an additional payload option. "This delivery is the culmination of an effort that began three years ago to significantly reduce the cost of this weapon," said John O'Brien, Raytheon's JSOW Block II program director.

Ryanair Holdings Plc, Europe's largest low-cost airline, recently said it has placed an order for 27 Boeing (NYSE:BA) 737-800s worth $1.9 billion at list price. This brings Ryanair's total firm orders for B737-800s to 308. The airline expects to receive the first aircraft in September 2009. The Boeing Company engages in the design, development, manufacture, sale, and support of commercial jetliners, military aircraft, satellites, missile defense, and human space flight.

Northrop Grumman Corporation (NYSE:NOC) has been awarded a task order from the Centers for Medicare and Medicaid Services (CMS) to develop and implement a Web-based application that will help Medicare providers develop comprehensive assessments of patients discharged from post-acute care. Northrop Grumman is a trusted integrator of advanced health solutions, including health and benefits management systems and information security.

[Source Financial News]

Debt Consolidation - Student Loan Scandal

This post was on Financing-Usa.com today, regarding the on-going student loan scandal in the United States – predatory lending and loan brokerage schemes.

Included is a video outlining the student loan problem. Basically, illegal kick-backs are being given to financial aid officers from unscrupulous lenders. Seriously nasty business.  

This is a superb piece on the student loan debacle going this year. The bit was written by Jeanne Sahadi, who is a senior writer for CnnMoney. (link at bottom of article)

The unscrupulous lenders in the student loan market are getting the rocks lifted from above their heads, and they’re scattering like the greasy bugs they are.

Unfortunately, this looks bad for the reputable student loan lenders. In the article below, you can learn about the “legitimate student loan lenders”

Story Here….

Deciding whether to consolidate federal student loans is never easy. Here's what you need to know.

It's a good thing you got that college education. You can put it to good use navigating the complex maze that is the student loan industry as you consider whether to consolidate your federal student loans.

For those who have never done it, it's a question that comes up every year in anticipation of the rate change on July 1 of the variable federal student loans.

But this year, there's a twist. News of student lenders offering perks and kickbacks to colleges and alumni associations to include them on preferred lender lists have, understandably, made consumers wary.

But that actually may be one good thing to come out of the scandal. The advice about deciding whether and with whom to consolidate hasn't changed. It's just become even more relevant.

"The current scandal reinforces the need to be a savvy consumer and examine carefully any offer you receive no matter where it comes from," said Lauren Asher, associate director of Project Student Debt and the Institute for College Access and Success.

Indeed, said Mark Kantrowitz, publisher of FinAid.org, "even when a school's preferred lender list is unbiased, you still have to identify which loans are best for you."

The question of whether to consolidate your federal loans depends on the type of loans you have, their rate (variable or fixed) and your goal: Do you want to reduce the interest you pay long-term? Lower your monthly payment? Pay just one bill instead of several? Get better discounts?

It also depends on whether you've already consolidated the loans in question before. By law, you may not consolidate the same loans twice.

Here's what to consider if you have:

Stafford loans
If your Stafford loans were issued before July 1, 2006 they are variable-rate loans.

What determines the change in the variable rate every July is the yield on the 3-month Treasury bill during the last T-bill auction in May. This year that yield was only .076 percentage points above where it was during the same auction in 2006. So payments on your Stafford loans are not likely to go up much at all after July 1, and the rate for consolidation won't change at all.

So there's little reason to consolidate if your sole goal is to lock in a lower rate this year.

But there is one exception: if you're still in your so-called grace period, defined as up to six months after your graduation. That's because you still are enjoying the "in-school" rate, which is about 0.6 percentage points less than it will be when your grace period ends and you go into repayment. Consolidating before your grace period ends lets you to lock in that lower rate. Technically, you may lose out on some of your grace period because you will need to begin repayment within 60 days of consolidating. But if you apply for consolidation before July 1, a lot of lenders can set it up so that the clock on that 60 days doesn't start until close to the last two months of your grace period, Kantrowitz said.

There's also little reason to consolidate if you want to lock in a lower rate and you got your Stafford loan after July 1, 2006. That's because those loans are fixed rate loans at 6.8 percent and won't change.

Whether you have variable or fixed rate Staffords, however, you might consider consolidating if you want to reduce your monthly payments. You can do so by combining your loans into one loan and extending the repayment term. But by doing so you greatly increase the amount of interest you'll pay. By changing your repayment term from 10 years to 20, you'll cut your monthly payment by a third, but you'll double the amount of interest you pay long-term, Kantrowitz said.

A 30-year term is even more expensive. Say you have $20,000 in fixed-rate Stafford loans. Asher notes that you'll pay $7,619 in interest on them over 10 years. But if you consolidate and extend the repayment term to 30 years, you'll lower your monthly payment by $100 but you'll end up paying $26,935 in interest.

Besides rates and monthly payments, weigh discount incentives when considering consolidation. Many lenders offer breaks if, say, you direct debit your payments or pay on-time for 36 consecutive months. Compare not only consolidation discounts offered by different lenders, compare them to the discounts you're currently enjoying. Sometimes, Kantrowitz said, "discounts for consolidated loans are inferior to those on unconsolidated loans."

(Here's a good table for comparing specific discounts at FinAid.org. For a more general look at which discounts are more valuable than others, see this table from the Project on Student Debt.)

Once you have loan consolidation offers in hand, you can see which offers the better deal by using FinAid.org's loan consolidation calculator.

Perkins Student Loans
These are fixed-rate federal loans at 5 percent. Student loan experts caution against consolidating them because doing so makes you ineligible for loan forgiveness programs. (Here's more information on the types of loan forgiveness programs available.)

Private Student Loans
Private student loans are much costlier loans than those guaranteed by the federal government and borrowers don't enjoy the same protections as with federal student loans.

If you're among the minority of borrowers who have taken out private loans, and lenders send you offers to refinance your private loans, Asher's best advice: "Be even more careful (than you'd be with federal loan consolidation offers)." That's in part because the rates on these loans are based on your credit and can be as volatile as credit card rates.

Here are good questions to ask before taking out or re financing private student loans.

And for both federal and private student-loan related questions, Kantrowitz's FinAid.org student loan page is an excellent resource.

[Source – CNNMoney.com]

Related Video – College Loans Hearing

 

Why New Boats Loans Are Easier To Get Approved

New boat loans as apposed to used boat loans article. Originally posted @ Loanspoke.

New boat loans are much easier to secure than a used boat loan. The banks are more inclined to invest in a new boat due to the depreciation factor. Finance companies have done their homework on this matter and they have added up the beans too. The bean counters have concluded that banks make more money in the long run if they provide financing on brand new marine products. They lower their interest rates for new boat loans and in the same breath encourage borrowers to buy brand new. I don't think it takes alot of convincing to move some towards a new boat instead.

What I have done in my research of new boat loans is three fold. I've used the internet to search for information. I've used the phone to contact different banks and enquire about their practices. I also take every opportunity to pick the brains of bank staff regarding their policies and procedures. Sounds a little "out there" ...I know. It's not fanatical or anything. I just keep my eyes and ears open. When developing an article regarding new boat loans I wanted to make sure I was educated somewhat before I started spilling out my words on the internet.

New boat loans vary as far as interest rates are concerned but there is a rule of thumb you can follow. New boat loan interest rate are approximately 1 point higher than new car financing. That is about as simple as I can put it. At the time of this writing boat loan rates were averaged at 4.5%. Now there are many factors that come in to play here. The amount your down payment is, the length of your financing term, your credit rating and of course your collateral. Many advertisements online and off will claim low interest rates even with bad credit but it all varies depending on the above factors.

Video of My Favorite Boat Leaving Harbor

Rv Loans For Bad Credit Tourists

Bad credit rv loans......now I'm repeating myself. When it comes to rv loans you can follow the same guide lines I use in any of the other bad credit articles found on this site. Basically all the same rule apply for rv loans as for auto loans, motorcycle loans, and boat loans. Your best bet is to use my recommended web site for an online loans broker. If you click through to my rv loans web site you will find a banner for bad credit loans. Which ever merchant is giving the lowest fees and interest rates on bad credit rv loans will have the banner spot on my page. As soon as they start charging more than their competition they will be replaced on a daily basis.

I new a fine gentleman who enjoyed touring so much that he sold his house and bought an Rv. This is extreme no doubt, but it's what he wanted obviously. He had very bad credit so he got a home equity loan to finance his new rv. That's one way to get a bad credit rv loans. I would suggest it but for him it worked. His wife loved traveling in the RV so much that she had no problem with this arrangement. He got himself a digital satellite tv and pulled around a small Chevy Chevette so they always had a car to get around at what ever destination they were staying.

Bad credit rv loans are becoming common place in America since the big scare of September 11, 2002. Many people have chosen to quit flying and start driving. I'm one who loves diving long distances so I would be looking for a bad credit rv loan long before the average guy. (yes...I have had bad credit problems in the past hence the large amount information regarding it bad credit) A bad credit rv loan would also be very difficult to handle if you can't lay down a large down payment. If you are lucky enough to have enough money put away for a down payment on a bad credit rv loan this is the way to go. You don't need to have to deal with large monthly payments when you are out on a tour right.

Related Video…..Don’t let your kids grow up to be Rv Killers

Small Business Loan When You Have Bad Credit

We found this article for bad credit small business loans at Sir Loan Allot. It’s a super resource on credit scores, small business funding ideas, and sites. I found it to be a very good read. There’s also a video at the end.

Your credit score has become your "SAT score" when it comes to financing. If you have a high score, you'll have a pretty easy time getting credit offers from a wide variety of funding sources. If your score is low or nonexistent, however, you won't.

But a low score isn't something you can run away from, and even if you avoid it, it won't go away. The trick is to fund your business in ways that actually get your score back on track so when you're ready to move your business to the next stage, your score will start opening doors rather than getting them slammed in your face.

Here are some ideas for entrepreneurs with low scores who are faced with funding challenges:

I. Investigate microlenders and web-based lenders. There are several nonbank lenders on the internet that now offer microloans to entrepreneurs. These loans are typically in the $5,000 to $25,000 range. Some of these sites are excellent sources of capital for those with poor credit and will also report your payments to credit bureaus which can help raise your credit score if you make timely payments. Be sure to shop around and compare rates since each site offers a twist on how they price loans and spread risk to their lenders/investors. These sites include:

www.accion.com
www.prosper.com
www.zopa.com
www.count-me-in.org (for women business owners)
www.americaonefunding.com

For borrowers who don't have strong credit scores, the interest rates on loans from these sources will tend to be high. For a comparison, the average rate on business loans from relatives and friends is currently at 7.6 percent, according to CircleLending's Business Private Loan Index, whereas the rate was more than 12 percent at Accion and more than 20 percent at Prosper for individuals with poor credit.

If you're accustomed to credit-card-level interest rates, these rates may seem affordable, but remember this: You can make partial payments on credit card debt whereas installment loan agreements may restrict you from making partial payments.

There may be subsidized microlenders in your state that offer more flexible terms; since they're small, they may not have a website or web-based loan application form, however, and may be hard to find. Check www.microenterpriseworks.org to search for nonprofit organizations in your community that have programs for business owners with poor credit. Most states now have at least one microlender. For some business owners, flexibility of repayment is more important than getting a slightly lower rate.

II. Don't overlook gifts and grants. If you need to avoid making debt payments, focus on getting "free" money in the form of gifts and grants. Your search will be long and hard--despite what you read on the internet, there is no silver bullet here. Be wary of services that promise to locate government grant programs for you. You'll need to do your homework to locate programs that are available for your type of business. Health-care businesses, technology companies, and retail businesses in low-income areas tend to qualify for grant money. Other forms of "free" money include gifts from relatives, free office space from former employers, and free services from friends or business associates. If you're creative, you can reduce your startup costs by brainstorming a list of people who would be willing to provide you with gifts and subsidized loans.

III. Look beyond credit cards and bank loans for financing. Studies show that credit card and bank financing account for just 25 percent of the total funding needs of early-stage entrepreneurs. This statistic should provide you some comfort, because it implies that 75 percent of the money you need can come from other sources that rely less on your credit rating.

While there are credit cards and lending programs designed for individuals with poor credit, these options will typically charge a higher interest rate to compensate for the credit risk posed by a sub-prime borrower. One bank option for those with poor credit scores is a home equity line of credit, though I'd be wary of putting your home on the line to finance a risky early-stage venture.

IV. Seek loans from your relatives and friends. Everyone likes the idea of entrepreneurship, which may be why, at some point, more than 50 percent of all business owners get financing help from friends and relatives. Chances are, your relatives and friends want to see you succeed and may be able to help make your business dream a reality. They also may not dwell on your poor credit score because they trust you, or they believe your business concept to be sound. (Banks used to evaluate your character and business conditions the way family and friends still do, but credit scoring models have made lending decisions more automated, resulting in the critical power your credit score holds over you.)

If you follow the advice I have shared in previous columns on identifying private lenders and understanding their risk profile, you should be able to get access to cheap, quick and patient business capital. Also, you can now use private loans from relatives, friends and business associates to rebuild your credit score if you use a loan management company to service the loan and report payments to credit bureaus.

Related Video…”The Little Guy”

Artricle on Bankruptcy Auto Loans

Little ditty on bankruptcy and auto loans. Some decent points on the ordeal of getting a loan. 

Auto financing after bankruptcy can be a nasty proposition and the founders of this site have invested alot of time, money and energy researching the options left for people in this situation. The normal channels used for getting an automobile are not going to work. When it comes to auto finance after you go bankrupt your best bet is to find a good online financial broker. Someone who will get finance companies bidding on your business. This will ensure you get the lowest interest rate possible.

Without a qualified outfit hunting down the best interest rate possible you will be seeing some very ugly numbers thrown your way. Luckily in the last few years there has been a large . Bankruptcy statistics have proven most people pay back their loans and don't default if they have gone bankrupt. The financing companies really win because they have an excuse to crank up the interest rate and at the same time get loyal and solid borrowers. For the few clients that fail to make payments the vast majority make up for it.

As long as these new trends continue for borrowers who have been through a bankruptcy, the automobile dealerships will be busy moving vehicles off their lots. Great for the economy. Great the bank, the borrower and the dealerships. My only advice to the visitors looking for auto loans is to keep the payments low by any means necessary. Use this new opportunity to built your credit back AND drive your new car. A true win win situation if you play your cards right. I know from personal experience how difficult it can be to rebuild good credit. When you get a new chance to start over it's worth making every move to secure it.

Used Boats Financed From Los Angeles to New Orleans

Used boat financing in America is responsible for hundreds of thousands of boats sold every year. The popularity of all outdoor water sporting has never waned and the fact is it's grown. The standard banks and the online lenders all compete in the used boat financing industry. From L.A. to New Orleans to New York people flock to the lakes and and oceans with brand new boats and used boats alike. The passion of people who enjoy boating is still growing in leaps and bounds as the baby boomers invest in water toys. And some of the boats are spectacular friends.

Used boat financing is a challenge to secure if the bank can't see value in the used boat you want to buy. They will likely look at the year of the boat and it's condition and approach approval with straight mathematics. This is unfortunate because there some special boats out there that have been cared for to perfection and are very rare. The owners selling them know their value and so do the buyers. This is not a black and white case. There is some room for flexibility with some loan providers and these outfits will take a chance on used boat financing.

It is much easier to secure financing on a new boat than a used one. The majority of people tend to go for the new boat. The bank is easier to deal with and the new owner gets a brand spanking' new boat. Used boat financing will cost more in interest and it is only a worthy endeavor if the used boat is in really good shape and holds it's value. All pretty basic stuff right. Well it really is. If you did not want to read my simple minded ramblings and just came here to secure used boat financing just click the blue navigation button at the top of the screen or the link at the bottom of the page.

Motorcycle Loan Article Picture With Flair

This came from Lazerloan.com. Interesting choice of picture for an article on financing motorcycles.

Consumers are always looking for the best deal when they are planning to purchase a brand new motorcycle or even a used motorcycle. They will spend hours figuring out which dealer has the best deal for them with the features and extras they can negotiate into the deal when they are purchasing their new motorcycle. Many consumers do not spend nearly as much time on the loan they will need to pay the dealer for the motorcycle. When you purchase something as significant as a motorcycle, you are actually negotiating two deals. One is obviously for the motorcycle that you are buying ant the other is the motorcycle loan that you will negotiate with the dealer or a lender that you have chosen. In both cases, consumers can save a lot of money!

Most people consider personal loans as being pretty straightforward, however there are ways to manage your costs and save interest over the life of the motorcycle loan. This article will deal with the process of finding the best deal for your motorcycle loan. The dealer, were you are purchasing your motorcycle, scooter or moped may have arranged financing to assist purchasers in finding financing and completing the sale of the motorcycle. Sometimes these motorcycle loans can be quite attractive while other times they are not.

One way to find out is to go to other lenders and compare the rates and terms for the loan you will need to purchase your motorcycle. The variables that you will need to review include the interest rate, the length of the loan, the monthly payment and the total cost of the loan in terms of interest you will pay and any fees that may be included. Your objective is to compare all of these and keep the total interest and fee’s as low as possible for your motorcycle loan. The lower all these costs are, the more money that will be in your pocket.

Check with your local bank, visit several lenders on the Internet that offer online applications and quotes and compare rates that may be available. One way to make the job of comparing motorcycle loan quotes easier is to keep as many of the variables the same for all quotes. Consumers looking for a motorcycle loan can maintain the total amount of money that will be borrowed the same for each application. Also keep the term of the loan the same as well. The only other major variables are the interest rate and any admin or other fees that may apply. Assess the total interest that you will pay and you will be able to decide who is giving the best motorcycle loan deal. You can even use this information to negotiate a better deal with your local bank or the motorcycle dealer who is trying to sell you a motorcycle loan in addition to the motorcycle that you are buying. Sometimes you can save more money on your motorcycle loan than you can on your motorcycle deal, just be negotiating a lower interest rate!

Bad Credit - Zero Down - Sub-Prime Loans

Carry Reeder wrote this piece on subprime/bad credit loans. She hits on a few good point regarding zero down loans.

This kind of lending is a bad idea, unless you have a serious and viable plan for repayment, and house-hold income.

Sub-prime lenders now offer financing packages with zero down. Interest rates are higher on these types of loans, but they make purchasing a house easier. And unlike a conventional loan, there is no private mortgage insurance required. There are two types of zero-down mortgage packages, each with their own requirements.

Types Of Zero-Down Loans

100% financing, as it names implies, offers complete financing of your property. The other option, 80/20, finances your mortgage with two loans. Both loans may be carried by your lender, but sometimes the seller or a second lender is required to carry the 20% mortgage.

100% financing is easier to deal with, but not all lenders will offer this type of home loan. 80/20 financing is more common, but takes some negotiation if the seller is involved.

Qualifications For Zero-Down

Each lender has their own criteria for determining who will qualify for a zero-down loan. Most sub-prime lenders require any bankruptcies or foreclosures to have been at least twelve months ago. A conventional loan requires these to be discharged two to four years ago.

While a credit score of 600 or higher is best, large cash reserves can also qualify you. Six to twelve month’s worth of cash reserves in the form of savings, money market, or other liquid assets are considered ideal.

If you choose 80/20 financing with the seller carrying the second mortgage, you can qualify with sub-prime lenders with a score of 560.

Zero-Down Sub-prime Lenders

You can find zero-down sub-prime mortgages with both conventional and niche sub-prime lenders. Make sure that you request quotes from as many mortgage lenders has possible to be sure you find the lowest rate and best terms.

You will also want to decide what type of mortgage you want. An ARM is easier to qualify for and has lower rates. A fixed rate mortgage offers the security of a constant interest rate over the life of your loan.

Typically an ARM will be a better deal if you plan to refinance within a couple of years. After you have improved your credit history, you can refinance for a conventional mortgage with low interest rates.

To view our list of recommended subprime mortgage lenders online, visit this page: Recommended Bad Credit Mortgage Lenders Online.

Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans. Related Video…

Oregon Payday Loan Bills Pass Wednesday

More good news in the Payday loan world, as two more bills are passed. These bills were in Oregon.

Story…

A Senate committee Wednesday afternoon approved two bills to prevent payday cash advance and car title lenders from charging triple-digit interest rates.

The bills, already approved by the House, were sent for a vote on the Senate floor with minor amendments.

They expand a bill passed by the Legislature last year, though it does not go into effect until July 1. That bill limited payday lenders to charging a one-time fee of $10 per $100 loaned and no more than 36 percent annual interest on loans that are renewed or rolled-over. Payday cash loan lenders are limited to two rollovers. Oregon’s 360 payday lending stores make loans averaging about $300 for two weeks and charge an average 528 percent annual interest.

 One of the bills passed by the Senate Commerce Committee, House Bill 2204, would extend the 36 percent cap approved last year to car title lenders, which use a car title rather than an upcoming paycheck as collateral in making small, short-term loans. Car title lenders also charge triple-digit interest rates.

A second bill approved Wednesday, House Bill 2203, would make out-of-state online payday loan and car title lenders subject to the 36 percent cap for loans made in Oregon. It also gives the state authority to create an electronic tracking system that would enable lenders to see if a person seeking money had loans outstanding with other lenders.

Everyone on the five-member committee, chaired by Sen. Floyd Prozanski, D-Eugene, supported the two bills except for Sen. Roger Beyer, R-Molalla, who said the bills restrict consumer choice.

The committee approved an amendment to the car title bill at the request of Rep. Tina Kotek, D-Portland, to prevent car title lenders from circumventing the 36 percent limit through sell-lease deals. Through such agreements, car title lenders buy a car from a borrower, who then leases the car and makes monthly payments to buy it back. The amendment puts such leasing agreements under the 36 percent cap that applies to cash loans, as well.

Bill supporters say the restrictions are necessary to prevent payday and car title lenders from taking advantage of vulnerable and desperate low-income Oregonians. Borrowers often roll over their personal loans repeatedly, paying high interest each time.

Lenders typically charge a total $240 for a $300 loan after three roll overs. Desperate borrowers also sometimes turn to a second lender to pay the first, and a third to pay the second, in a downward spiral of debt.

Payday and car title lenders say the regulations will put them out of business. Most borrowers like their services, they say, and those with poor credit will have nowhere to turn for money if the check cash advance lenders are forced to leave.

(more…)

[Via Payday Loan Times]

Payday Loans Video - Why Payday Loans Hurt Consumers

Short video from Mark Huffman at ConsumerAffairs.com – “Payday loans
are a bad idea for consumers”

Payday lenders can charge up to 800 percent interest, and their business model is designed to keep you in debt.

Are You A Trigger Lead?

It’s really getting stupid now with all the “information sharing” going between lending istitutions, and credit bureaus. Read this interesting piece about becoming a “trigger lead”.

Looks like America needs to clean up it’s lending and loans industry. Looks like the legislation is coming every month now, from Student loans, to Payday loans, to subprime loans, there’s new laws being made every few months. 

It's a surprise for many would-be home buyers: On Monday you sign a loan application with the mortgage broker of your choice and by Tuesday your phone is ringing off the hook with calls from other lenders offering you deals. Congratulations! You've become a "trigger lead."

When you, as a potential borrower, sign a loan application, the lender or broker pulls your credit report, often getting a report that includes information from all three major credit bureaus.

The lender's request for your credit report "triggers" an alert informing the credit bureaus that you are a "hot lead" looking to purchase a home or refinance your loan.

The credit bureaus sell these trigger leads to lenders and brokers, presenting these industry subscribers with a list of candidates who are looking for a loan and meet their ideal criteria for loan products.

Experian, for example, has a monitoring service that lenders and brokers can subscribe to called Prospect Triggers. Experian spokeswoman Susan Henson says the company can pull out all of the consumers that fit a lender's credit criteria from the consumer database.

"They could say they want consumers who have never claimed bankruptcy. They could say they want consumers that have two open credit cards and an auto loan," says Henson.

Henson says federal law limits the type of information provided to clients. Therefore, no specific information is delivered, only aggregated information such as the total number of bank cards a consumer has.

Credit bureaus also provide contact information, such as the applicant's name, address and telephone number, to their clients, says Stuart Pratt, president of the Consumer Data Industry Association, or CDIA, which lobbies for credit bureaus.

Questionable tactics
Trigger lead products have been around for more than a year and a half and are facing scrutiny in the home lending industry.

Many consumers complain it's a violation of their privacy. Some bankers and mortgage brokers also oppose the practice, claiming borrowers are blaming them for the flood of calls. In some states, lawmakers are calling for legislation to prohibit or regulate trigger leads.

Mathew Street, deputy general counsel at the American Bankers Association, says that since Jan. 1, 2007, Massachusetts, Minnesota, Connecticut, Maine, Rhode Island and Alabama have bills that "limit or prohibit the use of information about a specific loan by someone trying to compete with that loan or sell a product without acknowledging they are not affiliated with the bank that made the original loan."

New Mexico recently enacted a bill that bars solicitors from using certain loan information.

In Congress, House Financial Services Chairman Barney Frank reportedly plans to restrict the credit bureaus' ability to sell lists of prospective home buyers.

[Source Bankrate.com]