How to Qualify Yourself for Stafford Loans

Mickey | Financial Services | Monday, January 24th, 2011

Everyone who ever tried applying for a loan knows it isn’t the easiest thing in the world. There are several factors that you have to qualify in order to get the loan that you want. If you’re looking for just any type of loan, you want to make sure you have some type of steady income and have a decent credit score in order to increase your chances of getting the loan. For any students who are looking for instant student loans, there are Stafford loans that are available for students.

In order to qualify for Stafford loans, you have to fill out the financial aid form first. This form will allow the federal government knows that you aren’t financially stabled. Getting approved by financial aid is probably one of the best financial help that is offered. The great thing about this aid is that you don’t have to pay back the amount. At this point, going for a Stafford loan is pretty simple.

You can apply for the Stafford loan online or through the school. I found that the Stafford loan was the easiest to apply from the school. The offer for the loan was already created on paper. The only thing that I needed to do is sign the paper to agree that I wanted to take out the loan and it was approved fairly quickly. Fast student loans are available utilizing this way. The thing to understand is that the loan is made for students. As far as being qualify is fairly easy. With the information that you provided while filling out the financial aid is all the information that they will store in the system. That’s why going for a Stafford loan is very fast because all you have to do is agree to it and you pretty much get approved.

Budget Car Insurance Facts

Mickey | Financial Services | Sunday, January 23rd, 2011

The last one year has seen a significant increase in Budget car insurance. On average, the insurance increased by 40 percent with younger drivers experiencing the highest increase of 50 percent.

This means that a lot of time should be spent in trying to find the best budget car insurance quote. The following are some pointers you could use to reduce the cost of insuring your car.

Most insurance companies revise their budget car insurance quotes regularly in order to remain competitive in the market and attract new customers. You should take advantage of this fact and apply for a new policy instead of renewing the old one which most probably costs more. This is true even when searching for cheap short term car insurance.

Every product in the market has a rating so before you take on a new policy check how it is rated. The rating of a product will give you a good idea of the quality of the product. If you are looking for a basic cover for your car, then a two star rating will provide sufficient cover. However, if you need and advanced insurance product which offers 24 hour helplines and loss recovery for any uninsured loss, then a four or five star rating will offer the desired cover.

You can get cheap budget car insurance without having to compromise on the quality of the policy.

Insuring your vehicle with a third party is more expensive since the insurance company may assume that you don’t care much about your vehicle and so it is more likely to be involved in an accident. On the other hand, a comprehensive cover is more affordable.

Paying for the insurance using monthly installments is more convenient compared to paying a lump sum amount but it will add around 10 to 20 percent on the principal cost of the cover. Most drives opt for paying in monthly installments.

Make sure your car is covered for any use you may use it for. If you only use the vehicle for commuting or for social purposes the make sure these uses are covered within your policy. Vehicles used for business purposes cost a little more to insure.

Mileage is an important determinant of the premium you will pay so make sure the insurance company has record of your annual mileage and uses it to calculate the cost of the policy.

You can shop for budget car insurance online for the best quotes. You can also get advice on how to get the best deals on budget car insurance.

Why Payday Advances Have High APR And Why That’s Not ‘Bad’

Mickey | Financial Services | Sunday, January 23rd, 2011

Instant cash online is a great way to get money when you need it, and you aren’t limited to just the handful of payday loan offices through your neighborhood. Instant cash advance loans for your payday can be a great way to get you out of a lot of trouble very quickly.  Simply get online, type in a few words in the search engine, and click around until you find a website company you like the reviews for.  If you check information on them, you’ll often hear that their interest rates are very high.

Very high compared to what?  The average APR for banks is very low–they make their money over a very long period of time.  A credit card loan for five hundred dollars that only requires fifteen dollars a month for the minimum payment at an 18% interest, which is a very common interest rate, will mean you have to pay the bank $198.34 in interest.  It will take you nearly four years to pay off the bank, and they will walk away with $198.34 dollars of interest, meaning you will have paid them nearly seven hundred dollars for a five hundred dollar expense. They don’t need to charge a high APR to make a lot of money.

On the other side of the scale, a loan from a pay day location that charges a ‘whopping’ $228.25% of the APR for a five hundred dollar loan that is supposed to be paid off in fifteen days will mean if you pay it off, your end fees will be $546.88. It will only be about fifty dollars on top of the five hundred dollars, as opposed to nearly two hundred dollars on top of the five hundred dollars.  The reason people freak out about the pay day loan payments is they expect the money back quickly so both you and they can get on with their lives.

Inexpensive Full Coverage Auto Insurance

Mickey | Financial Services | Tuesday, January 18th, 2011

Auto insurance is a requirement to drive a vehicle in every single state. There are many different types of penalties for driving without auto insurance depending on which state you live in. These can range from a simple fine all the way up to losing your driving privileges. It can be relatively easy to find an insurance rate to fit into your budget and keep you safe and legal on the road.

Full coverage auto insurance is a form of insurance that has more coverage than liability only. Full coverage means that no matter what happens to your car your insurance should cover most of the costs to repair the damage. This can be anything from a fender bender on the highway to a tree branch falling on your car in a storm. All of that is covered with this form of insurance. It is typically more expensive than the liability only insurance because your company is taking on more risks than they do with someone who has only the basics. Basic insurance will cover costs of repairs of the other person’s vehicle only in a car accident. This means the company is taking on less risk than those with full coverage. Full coverage is great if the additional cost fits into your budget and its something you feel you could benefit from.

Finding cheap high risk auto insurance is another tricky matter. You are considered high risk if you have excessive speeding tickets, DUI’s, or other marks on your driving record. All of these things raise your insurance rates. In order to find inexpensive insurance if you are high risk, you will need to shop around. It also would benefit you to take a defensive driving class and see if any of the tickets are more than three years old. After three years they no longer count for some companies and a class could help reduce your rates also. If you stay with the same company for more than a year you can also qualify for cheaper rates. Auto insurance is mandatory in all states, but it should not break the bank. Finding inexpensive insurance is all about comparing rates to find what is best for you.

Bad Credit Personal Loans—Fix Your Credit and Meet Your Needs

Mickey | Financial Services | Wednesday, January 5th, 2011

Are you finding it difficult to meet your needs and expenses because of lack of funds? Is your history of bad credit keeping you away from making a loan? Are you concerned that you won’t be able to deal with an emergency or unexpected situation wherein money is needed? Stop worrying as there are loans for people with bad credit that allow you to get the money you need even if you have poor credit ratings. Many lenders offer bad credit loans and you can find one with a reasonable interest rate.

Bad credit loans can be secured or unsecured. Secured personal loans require collateral such as a house, car, or jewelry while unsecured personal loans do not. Unsecured loans have higher interest rates since there is no collateral involved. Don’t worry though as the rates are still manageable since the competition in the lending business is tough and lenders cannot afford to charge exorbitant interest rates.

If you have different credit problems like payment defaults, late payments, foreclosures, and insolvency, these are most likely to give you a poor credit rating. Getting a personal loan for bad credit will enable you to get the money you need and improve your credit score at the same time.

Unsecured personal loans typically take a shorter period of time before they get approved. The reason for this is there are no property documents to verify, making the process much faster. However, the loan amount is smaller compared to what you would get from a secured loan. The loan amount usually ranges from about £100 to £1500. The repayment period is also shorter and lenders will allot about 2 weeks to a month for loan payment. Make sure that you make timely payments on your loan. This will get reflected on your credit history and will definitely help improve your credit score.

Online loan application is easy and simple. All you have to do is fill out an application form online. When you get an unsecured loan online, you will find the money in your bank account in just a few hours.

Cheap Bankruptcy Options Available

Mickey | Financial Services,General | Wednesday, January 5th, 2011

Cheap bankruptcy options are fast becoming a popular choice amongst people faced with bankruptcy. The cost of filing has forced people to look for cheap bankruptcy filing alternatives that eliminate the need to pay high Attorney fees.

Look for an affordable bankruptcy lawyer when claiming bankruptcy and don’t not allow your thoughts to be swayed by the incorrect misconception that bankruptcy proceedings never come cheap. After all, you are broke already. An understanding lawyer will carry out both Chapter 13 and 7 bankruptcies at rates lower than $500. Normally cheap lawyers are available from state legal departments for free or at a very low cost. This is in line with governmental recommendations aimed at easing the financial burdens of those of society who are in massive debt.

Explain your financial situation clearly. A number of attorneys might be misled by the misunderstanding that you have a few valuable assets somewhere, regardless of your indebtedness. They will therefore try to siphon you of a portion of your remaining estate with no mercy or pardon. Rather than trying to maintain an aura of financial confidence, be honest enough to expose your financial position, as embarrassing as it might seem. This will result in you being charged a fee lower than the standard rates.

Do it yourself. In as much as this might appear time consuming and complicatedly knotty, it isn’t. With good research you can find out what you need to include for your file so that you can do it yourself. In addition to including information and income and expenses, new laws issued in 2005 have necessitated the addition of an Attorney’s signature of reasonable inspection, one you can get at no real cost. It is also now required that you give evidence of having consulted with an approved credit counseling agency.

Facing the High Cost of Living

Mickey | Financial Services | Wednesday, January 5th, 2011

Payday loans online are now as much a part of everyday life as having to check on your facebook status or some celebrities twitter. Almost 80% of transactions in the US alone revolve around credits, checks or loans. Cash purchases are less than a quarter of the equation when it used to be the other way around. The fastest way to have cash nowadays is thru payday loan lenders which are found anywhere from the internet to advertisements on tv, radios and any media possible.

Due to competition and a high demand of consumers applying for loans, there is a wide market of payday loan lenders no credit check policies being offered to attract more applicants. It helps people with bad credit standings that, as much as possible, refuse going through an embarrassing check on their credit score. Due to the high cost of living nowadays, a minimum income doesn’t cover all our necessities anymore and a low credit standing doesn’t prohibit anyone anymore from having the much needed cash to cover debts, bill payments, school fee payments or even shopping expenses.

Payday loans -also known as paycheck advances, is a short-term loan that compensates for expenses while waiting for the next payday. It’s a convenient way of being able to make payments or purchases during an economic crisis or even for emergencies. Interest charges apply for loans not paid on time and the interest rates applied for carried over balances are being set by payday loan lenders upon application. For credit history not being a factor for payday loans application has a disadvantage to both the borrower and broker. A broker of a payday loan would not be able to say if the applicant has the ability to make the payment for a ne credit check policy and solely relies on lien provided as collateral. The borrower on the other hand wouldn’t have much right to contest the interest being applied to the amount loaned. Borrowers have the option of scouting for a lending company who could give better offers though. The only hindrance would be the availability of time to scout and the time the cash is needed. Searching for the payday loan lender with the best no credit check offer is made easier due to advances on modern technology. Who knows, maybe your facebook account already has a shout-out for some offers that might help you with your financial needs today?

Car Insurance That’s Easy on The Budget

Mickey | Financial Services | Tuesday, January 4th, 2011

Car insurance is a necessity nowadays. You should know how important it is, but with how our economy is performing we can’t help but think that it is not possible to get one. The good thing about the modern times is that car insurance is practically everywhere. You just have to know where and where to look, with research and of course, effort, your search for a cheap car insurance would be as A, B, C.

The best place for you to start your search is through the word wide web, going online can make everything easy for you. Begin by comparing quotes online, there are hundreds of car insurance providers online that is more than willing to put you on their list. Remember that you have to money that can make their business a success, in other words, you hold the key. So take your time and analyze the details of each offer they give you. Concentrate on every policy so that you’ll be able to separate the ripe from the rotten. The web is also a great way to take your first step if you’re looking for the cheapest car insurance for teenagers.

Getting yourself an expert to lead the way for you would probably be the best option for you. If going online doesn’t work for you, then calling a hired expert might do the trick. An agent’s job is to provide services by pointing you in the right direction. It can accurately inform you on things like cheap car insurance for young people or any type of insurance in the industry. But be careful not to trust that much, you might end up with a headache in the future. Keep in mind that you doing business and you have to keep your distance in a more professional manner.

Dealing with Too Much Credit Card Debt

Mickey | Financial Services | Thursday, December 30th, 2010

Don’t ever think that it is impossible for you to reduce credit card debt because you can. While the process is more complicated that you ever imagined, it is not impossible at all to eliminate your debts. Thousands and even millions of people who used to have debts are now living good and financially stable lives. Now is the right time to be encouraged, instead of discouraged.

The strategies that you have to think about should be able to free you from your debts. Things like saving money, debt consolidation, credit card debt negotiation, and more should your top considerations. Filing for bankruptcy should never be an option, unless there is no other way and that you have exhausted all possible means.

Dealing with your own finances

Before you go and canvass how much a debt negotiation service will cost, you can try doing the basic money saving tricks that will help you at least lessen your debts or prevent you from accumulating more. Below are just few of these tips and tricks:

  1. Have a list of main concerns. In other words, have a steady budget that you will follow. The reason why most or some budget plans do not work is because of the fact that some consumers are very lenient with their budget. Instead of saving what is just allotted to certain things, they do not follow it. If you have listed down 20 percent for groceries and clothes, stick with it.
  2. Creating a savings account will teach you a lot about the importance of saving or setting aside money. If you are faced in a certain situation wherein you do not have any other means to get cash, you can use your savings instead of your credit cards.
  3. It all boils down to saving – save money at all times. It is not just enough to make your pay checks meet.

Seek the opinion and advice of the experts

If you think that you cannot deal with your debts on your own, then the next best thing that you can do is to consult and get the services of debt relief companies to reduce credit card debt. The reason for this is that most of these companies can easily settle with your creditors because they are affiliated with them. So if you want to have a strong path towards debt reduction then this is a sensible decision that you should consider making.

Reloadable Debit Cards and Credit Scores

Mickey | Financial Services | Wednesday, December 29th, 2010

Let’s face it, there’s been a whole lot of credit shredding in our recent past. Lots of people have watched their credit scores topple from lofty heights down to levels that are downright embarrassing. That’s made it harder to take out loans, harder to consolidate debt, and harder to just keep ahead of the bill collector.

Then there are the credit newbies. They’re brand new to the game and have no credit history to speak of. And so lenders are hesitant to extend them even the smallest amount of credit.

But all of these people still need access to some set of financial tools to navigate their way through life. What can they use when their credit scores don’t allow them that access? Well, the answer to that question is reloadable debit cards.

Reloadable prepaid debit cards don’t require a stellar credit score – in fact, they don’t require a credit score at all. All you need is a little cash to buy one with and a little more cash to loan onto it. Then voila, you have a genuine MasterCard or Visa that’s good just about anywhere a credit card can be used.

These cards can be used at stores, they can be used for online purchases, and they can be used at ATM’s for cash withdrawals. About the only thing that these little numbers can’t do is get you deeper into debt. That’s because you have to add cash to your prepaid account before you can use the card so you never spend money you don’t already have.

So if your credit scores are a problem and you’re trying to get your debt under control, go out and get a reloadable debit card. Load it up with some cash and take it for a test spin. It will help you manage your money much more wisely without putting you deeper into debt.

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