Floating interest rate

Even some students that are able to get into university may not be able to afford the yearly attendance rates within those schools, or can’t pay off their loans after graduating. The expenses of college, such as tuition and boarding, should be lowered so students who are not very wealthy are more able to afford college and pay off loans with less difficulty…

Blemished credit score ratings are very costly and stressful since they affect almost every aspect of an individual's life. Most financial experts agree that credit is very important since it is what makes the world go around. Without good credit rating it is almost impossible to make any meaningful progress including getting a decent job. Getting a loan from conventional lenders is unheard of as long as your credit ratings are in the red. The good news is that credit scores can be improved…

In Suze Orman’s “how to take control of your credit cards” she explains how to reduce credit card debt no matter who you are or the amount of debt you have. Her target audience is any individual who is trying to reduce their debt, but has no idea how to even start. As she states in paragraph two, “If you have the desire to take control of your credit card mess, you can”, anyone can use her book to reduce their debt. Suze’s thesis is best expressed I the following sentence, “I am not saying it…

Secured Debt vs. Unsecured Debt - Debt Settlement Help By USA Debt Settlement Jul 18, 2011 Many Americans don't understand the difference between secured and unsecured debt. In fact, few Americans even know either secured or unsecured debt exists. * Secured debt - Debt backed or secured by collateral to reduce the risk associated with lending. An example would be a mortgage, your house is considered collateral towards the debt. If you default on repayment, the bank seizes your house, sells it…

Good FICO® scores make it easier, and less expensive, to finance large-ticket items like cars or houses. That is why it’s so important to understand how your FICO score is calculated and what you can do to make it better. There are five different elements that make up your score, and they take into account both positive and negative information in your credit file. Another important thing is that some are weighted more heavily than others. Let’s take a look at each: 35% payment history…

FirstBank is fortunate because the top four banks in its market are not local community banks. This gives the Bank an advantage in local relationship-based banking and customer loyalty for being a local business. The same customer base also relies on a local bank to provide quality products and services like the big national banks. FirstBank stays on the leading edge of technology which helps portray a big bank environment and provides all the products and services offered by the big banks.…

Is the Government Fixing the Student Loan Crisis? ; Who is on First, and What is on Second An author for the America Press wrote an article called “The Student Debt Crisis”. He argues that student loans are hurting the economy and causing college students to drop out because they can’t afford to payback student loans. The author states that “60 percent” of the Graduating class, college students use loans to pay for college (para. 2). Even worse, the students that struggle the most use the money…

houses and cars” (para. 4). The problem is that students miss payments because they have low paying jobs. The interest rates are too high, and put the students into a financial hole (“Para. 1-4”). To fight this, the government is trying to propose new a series of taxes, bills, and budget cuts to fix the problem. One of these being the Bipartisan Student Loan Certainty Act, to lower interest rates for student loans down to 3.86 percent, but it was rejected in 2014 (para. 5).…

Through this option, the buyer has to make a costly down payment, varying with the cost of the home, and the bank would finance the rest, adding on an obligation to pay the bank the funded amount plus accrued interest over the life of the loan. Through Rent-to-own, the outcome of owning the home is the same, but the steps leading up to this commitment makes all the difference! Renting to own allow these victims to save money during the duration of the Rent-to-own…

in Forbes magazine written by contributors by Trulia, they discuss the pros and cons of taking the credit union mortgage option. The first point made in this article is that credit unions have historically offered lower mortgage rates. This means that your interest rate is going to be lower and you will be saving thousands of dollars over the life of the loan. To put it in perspective, if you took a mortgage loan that was for $200,000 with a 15-year loan at 5 percent, your monthly payment would…