United States Plus Student Loans

The Plus Student loan, and the advantage for parents and students in the United States. 

This is a quick description of what a Plus Student Loan is all about. This is the most popular way to get funding for your education.

Administered by the college or university your child attends, the OSL PLUS Loan is one of the most competitive PLUS Loan products currently offered in the U.S.

PLUS loans are not need-based; however, the parent just needs to meet minimal credit requirements to qualify. Unlike other Federal student loans, repayment of the parent PLUS loan is the responsibility of the parent, not the student.

The Parent Loan for Undergraduate Students, or PLUS loan, is a federally-backed loan that enables parents to borrow funds to cover your child's (or children's) cost of attending college, less any financial aid.

A PLUS Loan is more flexible, and less expensive than Conventional Consumer Loans.

Many parents opt to take out a parents PLUS Loan because it offers many advantages over other forms of consumer loans such as a home equity loan or line of credit, credit cards, bank loans, or other private loans.

When Getting a Student Loan

Student loan information is paramount this time of year, and it looks like there are more students needing some kind of financing than ever before.

The issue being that most university students don't have any real estate and many don't even own a new automobile.

If you're one of those students who doesn't have property, a vehicle, or some kind of decent collateral, consider asking your gaurdians or parents to procure financing for you.

If a bank is certain that you have a steady income, it increases your odds of acquiring a loan. If need low interest student financing, take a look at federal student loans like the Perkins or Stafford loans.

Stafford college loans provide lower interest rates than private loans, but somewhat higher than Perkins loans. Stafford student loans can be obtained by students who are attending college at least half-time and the loan an interest rate that changes once a year.

On the other hand, if a different college student gets the same loan for the same time period (5 years) with 6% interest his monthly payment will be only $116. The difference is more than $10 a month! When 5 years is up, the guy who had the 10% interest rate will have forked out $688.86 more than the guy with the 6% interest rate. That's a lot of money, especially for college students.

Perkins Student Loans offer an interest rate of merely 5%, and the rate is fixed. However, these are available only to students who have extremely bad credit. These payments are scheduled over a 10 year period and can be canceled under particular circumstances.

If you are going to apply for a student loan you'll want to find one with low interest. It makes a big difference particularly with student loans, which tend to be large.

Proof of successfully closing loans: If you've successfully paid off a past loan, bring proof of that to your lender. High credit score: Lenders will be more inclined to give you a loan if you have past experience that shows you are a reliable bill-payer. Offer Collateral: Generally lenders will approve loans faster if you pledge your house or car as collateral.

Pro Travel Network Advantages

Here is a quick post on the advantages of working with the Pro Travel Network.

1^st advantage of being a Pro Travel Network member: You get to set your own hours and work out of your home. No boss, no alarm clocks, no hassles.

2^nd advantage of being a Pro Travel Network member: You get to travel like the pros with all the perks and discount travel fares. You get to take fam trips because you are a Pro Travel Network Agent.

3^rd advantage of being a Pro Travel Network member: You are self-employed so you get to write-off any travel expenses you have, a portion of your bills, your mortgage or rent, or almost anything under the sun 

4^th advantage of being a Pro Travel Network member: You have no cap, or limit, to how much money you can make. You can make ALLOT of money with PTN, and the sky really is the limit.  

5^th advantage of being a Pro Travel Network member: Your Pro Travel Network is EASY to grow quickly as the benefits are easy for people to see. Creating a team is not a problem becuase it’s still a new revelolution in the travel industry.

See the Pro Travel Network Blog (PTN FREEDOM) for more information. 

PTN members launch blog and forum this week

Found this post about the launch of the Pro Travel Network blog and forum. Thought you might want to know about this two-man team.

Well there is a Pro Travel Network Forum, and Pro Travel Network blog launching. Brent Truitt, and Anil Anil Ramcharitar are heading up the domain, @ www.ptnfreedom.com.

I’ve personally joined the Pro Travel Network ranks, and will be taking part in their online community. I’ve never been much for MLM businesses, but this is a good gig. Nothing like Amway! Look into it and you’ll see what I mean.

I recommend new-comers actually go to the PTN blog and use the phone number (Anil’s). Give him a call, and he’ll explain the whole PTN business –how it works, how you get paid, and how to join Pro Travel Network through him.

If you are smart, which I assume you are, cause you are reading my blog, you’ll join Anil and Brent, cause their team is going to make allot of money.

I signed up with these guys yesterday…

 

 

  

Motorcycles Around The World - Replaced by Electric Scooters?

Here is a little article regarding electric motor scooters, and there pros & cons.

Riders around the world are now choosing scooters over motorcycles for different reasons. First off, motorcycles cost more to run, and cost more to by, due to the need for a motorcycle loan.   

The electric motorscooters are primarily preferred by the young children for local errands for quick and easy work with fun. The electric scooters are the most cheap and convenient mode of transport. They can be nailed* anywhere and can pass through the narrow lanes with minimum of inconveniences.

There are many types of electric scooters counterfeit all over. Some scooters have a seat and clip activated with motor. Some scooters do not have bottom or slow down and are controlled with throttle.

These types of scooters are specially for young children who have to prevail against on the put on* rest and vehicle. Also there are scooters categorically made for physically flabby people. The electric scooter is a pandect gift for seniors or disabled nation who rely on others for their care and holiday, as the electric scooters have now helped them gain their freedom again. These kinds of motorscooters make them feel sound they actually have their legs working again.

They can now get a glass of water from them and go out and get the morning newspaper or even take the dog for a walk. These types of scooters are totally jumper lead operated and can be get started by pressing a sort. But, the current of such motorscooters is very low.

From amongst populous types of other electric scramblers available in the market, there are some scooters made for power riding. Such scooters can go up to 7-8 kms at exactly 18-20 kph up to speed* limit. Some scooters looks occur a moped with features like moving access, quick-reverse jump leads packs and state-of-charge indicators in different models.

 Besides these, there are also foldable motorscooters available. These scooters can be crumpled and can be either carried in the car, bus and strew when you do not want to ride or can be dragged by their wheels if the jump leads runs down. These folding motorbikes are very compact and so can be stored in a corner of your room in folding position.

Other electric minibikes available are the ones quasi- occur the Italy made Vespa scooters that run with gasoline station. These scooters can actually be called as dying photocopy of Vespa scooters. However, there is spread oneself too thin estrangement judge these two scooters. The electric scooters are much light weight compared to motor scooter because the electric scooters have no fuel activated implement like sensuality scooter. The body of electric scooter is plight troth than that of the awareness scooter. The electric scooter can run up to the max. abreast of of 30kmph. The electric minibikes possess all the Lord's day of the features like of perceiving scrambler; headlight, horn, throttle, braking through control cables etc..

Purchasing a Motor-Home (RV loans)

There are a few things to look at before you actually buy an RV, or motorhome. You need think without emotion on this, and don’t just jump into a purchase.

We recommend doing a test-run by renting an RV for a short trip, so you can really decide if it’s the ride and abode for you.  

Coming to a decision on which motor-home or recreational vehicle to purchase is only part of the buying process. In contrast, more money can be lost on making the financing arrangements than almost anywhere else in the deal.

If you have the money to pay cash for a motorhome, then financing isn't even an issue, but with the rising cost of new and even used RVs, motorhome loans are a necessary part of the sale for many.

There are some mistakes that are commonly made that can cost you dearly if you don't take steps to avoid them and here they are:

I. Don't focus on the monthly payment figure alone to determine if you can afford a particular motorhome model.

This is often done by car buyers too, but the monthly payment is only part of the whole loan picture. You need to take that monthly payment figure and multiply it by the number of months that the loan contract is in force. Once you have that figure, then compare the final cost of the loan contract with the cost of just buying the rig itself.

Usually this will be an eye-opening exercise and can help you see if exhorbitant interest is being charged on this loan. If you find that you are paying almost as much in interest as you are for the motorhome itself, you may be better served to either look at something much less expensive, or make different financing arrangements.

II. Avoid any financing that is not a simple interest loan. Lenders have all kinds of tricks up their sleeve to get more money from lending to you and one of the ways that has been most detrimental to consumers is by writing a contract that doesn't allow you to start paying down the principal amount of the loan in any meaningful way until the loan is in it's final stages.

It's known as front-loading the interest and what it means is that most, if not all, of the money that you pay for the first half or so of the loan only goes toward the interest, not the principal. So when you decide to sell, you will still owe them a huge chuck of money and they make a lot more profit with this kind of loan.

It's best to avoid any loan that is not based on a simple interest process. In other words, the interest is a set part of the monthly payment from the very first payment all the way through to the end of the loan period.

If a lender tells you that you can't qualify for a loan like that, never take their word about that. Always shop around and get other loan quotes on your own. Most often you can come up with a better financing arrangement by doing that anyway.

Getting a motor-home loan doesn't have to be costly or mysterious if you just watch what is going on and keep your eye on the bottom line.

Consolidation Loans for Students

It’s definitely that time of year again, when students (graduate or otherwise) need to look at cleaning up their debt.

There has been allot of information come out lately regarding the student loan industry in the United States, and if you are in the market for student loan consolidation, be careful!

Here is a bit on student loan consolidation

When you have several education debts building interest it is time to consolidate your student loan. You may have campus aid and other federal education grants available so look around for the best possible financial solution before you make a decision regarding a student loan dilemma.

The education we all get when graduating from college is the lesson of debt. Consolidation is essential when your higher education is costing you massive interest payment. Consolidating student loan arrears is paramount if you want a fresh start for the rest of your life.

No matter what you call it; student loan consolidation, college finance consolidation, etc it is no fun leaving college and dealing with a bad interest rate and starting professional world in the hole.

Many students before you have been in the same boat and the only true way to clear off your consolidated debt is by working it off. Try to search all public information sources and education resources before heading off to the bank. If you were not lucky enough to afford your college education up front, get a government grant or win a full scholarship then you learn the hard way when it comes to bad debt.

Graduate college with a bachelor of arts and starting learning how to survive in the world of financing and commerce. I suppose a masters in commerce would be the ideal degree to have when it comes to paying of all your student loan debt.

The student aid organizations on campus and off campus can help you during your schooling so that you are prepared for graduation. Take advantage of their aid when you leave school also as they know the finance game down pat.

Hey...ask your professors for advice too. Many professors taught thousands of students and can give sound financial advice for your future after graduation.

Loans For Non-Homeowners

Here are two financing companies that provide financing solutions for Americans that don’t own a home, property, or anything for that matter. I’m sure you’ll need to at least have a steady and secure job.  

There are options for people needing financing, if they don’t own their own home. Most financing sites don’t show this offer, but I found a couple that do.

I. Credit.com lends money to people who need financing without home ownership. They do provide non-homeowners financing if their credit is in rough shape. Here is blurb from their site.

Loan options with or without credit checks. We have programs for good credit, bad credit, homeowners and military personnel.

Read more…

II. Direct Lending Solutions also gives loans without home ownership. They do insist on a pretty darn good credit rating though. Here is a blurb from their site.

This is a highly recommended debt settlement and negotiation service, that offers a very short sign up form. Credit Solutions has been featured on NBC for their excellent debt reduction program. With them, you can easily reduce your obligated debt by as much as 60%, reduce your monthly payments into one single, affordable payment, and stop harrassing creditor calls.

This is the most successful and efficient way of dealing with your debt problems. You do not need to a homeowner. Just fill out the form, and someone will contact you today about eliminating your debt. Not many other programs are so easy. If you are behind on your bills, or are about to be, please fill out our short form and speak with a certified debt counselor to see what your options may be.

Do Not need to be a homeowner Reduce Total Balances 40-60% One Simple, Low Monthly Payment Avoid Bankruptcy No Credit Checks Home Ownership Not Required Consolidate Debt Payments Get Out of Debt in 12-36 Months

Read more…

Atv Loans

Here’s a piece on ATV loans. Basically four good point to be made regarding the purchase of an all terrain vehicle. This founded via Squiddo and Financing USA. 

I. Manufacturer ATV Financing

It is likely that if you have spent any time looking at ATV magazines you have seen an advertisement or two highlighting atv financing from top brands like Honda, Kawasaki, Suzuki and Yamaha. Usually these advertisements have a very low minimum payment like $49. While the payment may look attractive you should consider if this is the best ATV loan for you.

In deciding if a manufacturer loan is best, you need to consider the terms. For instance, look at how long the promotional term lasts. If it is 24 months will you have enough to payoff your outstanding loan on the 25th month because making the $49 payment does not pay off the loan? If not your interest rate will increase to the standard rate of 17%-22% and your minimum payment will also increase.

If you have the cash to pay off your loan at the end of 24 months than the promotion may be a good thing for you, if not then you should probably opt for a fixed rate installment loan that is offered by most online lenders and has a fixed rate for a long term.

Manufacturer ATV financing is typically more suitable for those with good credit rather than bad credit applicants.

II. Online Atv Financing

With online ATV financing you will get fixed rate ATV financing for a specific term. These loans are normally called personal loans meaning that they can be used for a variety of personal reasons such as buying an ATV, furniture, home improvements and a variety of other things. Terms on ATV personal loans will normally be up to 60 months and for excellent credit rates can be as low as the 5% - 8% range. Bad credit applicants can also get approved for online personal ATV loans, but the interest rate may be a bit higher.

III. Credit Card ATV Financing

If you are looking for a short term loan for your ATV purchase, a credit card may be a good option if it has a good promotion. For instance some Visa, Mastercard and discover cards offer 12 months no interest for new accounts. If you can afford to pay off your ATV purchase at the end of 12 months this could be a great option for you to use.

IV. Hybrid Atv Financing

The hybrid Atv financing method typically uses a combination of financing options. One popular method is to use a short term manufacturer financing promotion and then when the promotion period ends you transfer your loan to another promotion on a Visa, Mastercard or Discover card.

For instance, you could get Honda Financing for 24 months on a Honda promotion and then transfer that loan to a Discover card promotion and get 0% interest for 12 month.

Hybrid Atv Financing is a bit complicated and requires some planning. It is also a bit risky because you are betting that companies will be running the same promotion in 24 months that they are today.

This type of financing is typically not recommended for those with poor credit or that are not very financially savvy.

In the end, the fact that the average ATV is less costly than a motorcycle will allow you more options to finance your purchase. You just have to think creatively and look at all the offers in the market for financing everyday purchases.

If you want to know how to get great interest rates for Good and Bad Credit ATV loans check out: ATV Financing Made Easy Great ATV Video From Youtube

Auto Financing Article and Catch 22 Analogy (cool video)

One of the misconceptions regarding car finance company choices is that the advertised interest rate is what you get. The truth is that all factors must be taken in to account to arrive at your deal. In another article I describe the details of credit ratings and the company that tracks consumers behavior.

See www.fairisaac.com for details on their products and services. When you see a car finance company offer at 3.5% that is the "ideal" situation. This is a client with strong collateral, good credit rating and solid income. A person needs to shop around and find that finance company that wants their business the most.

Competition is truly the most important factor when it comes to business and car finance company viability. This competition has created an environment in the United States where borrowers are getting low interest rates.

The unfortunate thing about pursuing loans is that the banks make more personal interest of the lower income brackets. The borrowers who have a weak credit rating and little in the way of collateral will suffer the highest rates.

The positive aspect is that we get second chances with car finance company guidelines in this country and people can turn it all around if they work hard.

Car finance company options include length of term, frequency of payments, size of payments, and amount of the down payment. It defeats the purpose of a loan for some people because if they had the money to make a large down payment and make large payments often they would not need the loan. It's the Catch-22 syndrome.

There are times when taking on a high interest loan is frugal. When you have suffered a bankruptcy you can build your credit by borrowing money and faithfully paying it back. There are times when you can benefit from an investment in real estate that will bring profits.

Scene From Catch 22 – Alan Arkin