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How to Decide Which Student Loans to Take Out

Now it is time to think about taking out a student loan, but which type of loan do you choose? You will have the option of a federal student loan or private loan. There are different reasons to choose each type of loan and each one offers a different set of pros and cons. Below, we will cover these pluses and minuses to help you make the right decision.

Pros of Federal Student Loans

hggsasa73sdsWhen it comes to federal student loans, there are many different pros and benefits that are extended to you as a borrower. For starters, the interest rate is fixed, which means it will not fluctuate throughout the life of the loan and you will always know what interest rate you are paying.

The next benefit is that you are extended a variety of flexible payment plan options. If you have trouble affording your student loan payments, you will find that you can have your loan payments deferred, which puts the payments on hold for up to a year. You can also apply for income-based repayment plans, which base the amount of your loan payment on your income.

If something tragic happens to you and you are either killed or you become disabled, your student loans are cancelled out and forgiven.

Lastly, federal student loans do not base whether or not you can borrow on your creditworthiness. You do not have to have a credit check performed and you will not be denied, even if you do have bad credit.

Pros of Private Student Loans

There are some pros to private student loans and the first pro is that you will likely receive a lower interest rate on your loans. In fact, if you choose the variable rate option, your loan rate could be as low as two percent. You do need to make sure that you understand this rate can go up at any time though.

Another plus is that private student loans will cover the cost of your attendance and pay for your education. You may not receive any additional funds and you may not be able to purchase everything you want with your loan, but you won’t have to worry about tuition or books.

Lastly, private student loans can be customized to meet your needs. Therefore, if you only need a $500 loan, you can apply for that specific amount.

Cons of Federal Student Loans

There are some cons to federal student loans, which should be addressed. The first con is that if you do not pay your student loans, you can end up in some serious debt. In fact, the government will not allow you to just not pay your loans and they can garnish your wages, ruin your credit score, and demand payment by placing liens on the things you own and your tax returns.

Another downside is that you cannot consolidate both private and federal loans together, so if you take out both, you will be responsible for two individual loans.

Cons of Private Student Loans

gfaasy523sagsThere are some cons to private student loans that we will cover as well and you should pay attention to them, as they are noteworthy.

The first con is that it is difficult to qualify for a student loan. In fact, most students will not qualify to receive one unless they have a co-signer, which can be hard to get. You do need to have a good credit score, a good credit history, and a job. Oh and maybe some references.

The next downside to a private student loan is that you must start making payments while you are still in school. This can place an unnecessary burden on you, especially if you did not plan on working while in school.

Lastly, you do not have as many protections as you do with a federal student loan. In fact, you will find that your repayment options are nearly non-existent. Even if you lose your job, you are responsible for the monthly amount.

Final Thoughts on Student Loan Choices

Federal student loans are the best option for students because they do offer protection and they have your best interests in mind. While a private student loan is not a bad idea, you just may not be ready for one right away.

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5 Signs That the Financial Crisis Was Just Years In The Making

The world is facing economic challenges on multiple platforms in 2016. Many similar patterns preceded the 2008 financial crisis happening all over again history is indeed repeating itself, but most people are oblivious to what is going on. In case you do not believe that we are already in another global financial crisis, below are five signs that the financial crisis was just years in the making. These signs are similar to what happened before:

Signs

Stock market bubblejmkb2we5dr25ed6y27u28

In the years 2013 and 2014, the stock markets all over the world went back to an average of 18%, unlike a normal year when the stock market average is 30%. However, most companies that announced their results in 2014, the stock market had made an adverse impact on their annual earnings. This was as a result of lack of alternative opportunities and excess liquidity in the market. According to Robert Shiller, an economist at Yale University, the gap between corporate earnings and stock prices is larger that it was in the 2008 financial crisis, and if the markets are to return to the normal level, the stock market will have to fall by up to 30%.

Energy crisis

Scarcity of energy sources does not cause the current energy crisis, on the contrary, the growing gas supply in the US and the development of fracking techniques have turned the natural gas into a powerful geopolitical weapon. If the US allows gas exports, then there would be a significant fall in the prices of gas all over the world which would be great to companies, but it would lead to geopolitical problems in West Asia and Russia.

Real estate bubble

The conditions that had led to the 2005-2007 real estate bubble are back; increasing prices of real estate in the stock market, low interest rates, and growing demand.

According to jmkb23wedr52t6data that was released by the Bank for International Settlement in 2013, residential property prices increased by 60% in China, 80% in Brail and 15% in Canada. Similar to other bubbles, it will only affect the economy when it bursts but unlike in 2008, the Central Bank now has tools to prevent it.

Poverty crisis

The world has become more prosperous and richer in the recent decades. While the percentage of the living in abject poverty has reduced, the number of poor people has continued to rise due to income inequality.

Cash crisis

There is just too much money concentrated in financial and non-financial firms. As of 2013, Apple has over $150 billion and Citigroup has more than 487 billion dollars in cash. If the corporate sector attempts to unload the huge financial resources, it would certainly lead to hyperinflation hence a financial crisis.

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Top Four Amazing Ways of A College Student To Building Good Credit

Ever thought that becoming financially independent play is a big and exciting part while growing up? Or perhaps you are a college student, and you are looking for Ways to make you qualify for loans with real interest rates? Want a new phone or even looking for a job opportunity and naturally can’t get one? Could it be also you are having plans of consolidating your student’s loans after your graduation? Why don’t you try building good credit!

But picking the best way to build a good credit can be quite challenging. Fortunately, I did all the footwork to bring you a rundown of top 4 ways to build a good credit for you!

Avoid several credit card at one timjmknbwed5t63eyd72u82ie

A good credit has several benefits. Thus, college students need to start building credit before they graduate. Hence applying more credit card will contribute to your credit score reducing significantly.One credit card is usually efficient in helping you to build a good credit since it will contribute to maintaining your credit score high.

Monitor Your Credit Report

Monitoring your credit report will greatly help you to solve and mistake in your credit report this will be possible by following the right criteria. Solving problems related to your credit card will help you to maintain a higher credit score.

Pay all your other bills on time

Having in mind that college students need to start building credit you should make sure that all your bill are cleared on time. Credit bureaus are developing a great alternative for credit scores which ranges from rental reports which are later included in credit reports. Paying bills such a library fee and traffic fine will help you to avoid ruining your credit report.

Find a good co-signer for your credit

When you arkmnb2w5srx5twe6dy72u28e looking for a co-signer, you should avoid a friend. Make sure that your credit cosigner has a good credit history. A good cosigner should have demonstrated a good a good relationship with you since.co-signing of credit means that both of you are responsible for timely payments of the credit. A good co-signer should help you to get a good credit score.

Now, with the above information count all your desires to build a good credit catered. If you are a college student and need to start making credit read on the above information on how to create good credit. Consider all the above top 4 ways to build a good credit for you and you will attain a good credit score!

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Learn More About Capital One Checking Accounts

Capital One has served millions of their clients with credit facilities and other financial services for more than two decades now. They offer credit cards to their clients at different levels ranging from fair credit to those with platinum benefits. Here we shall learn more about Capital One Checking Accounts. Moreover, you will understand some of the benefits that come with it.

Capital one 360 tech toolsjmkb235edr52tweu27u82

Capital one makes use of 360 technology tools that are probably one of the very best in the banking sector. These have helped them to maintain consistent banking system integrity. They have also assisted them to be paid per click and therefore waive subscription costs to their clients. This is because they receive compensation when people click on links to products from their partners.

Simplicity of operation

These accounts are simple to maintain. The bank does not give complex tiered options when one is opening an account. Their fee is low and constant worldwide. They also have online services for the checking account with an online deposit, savings and investment options. Their website has all sorts of banking tools and applications with a simple interface to help you enjoy their services.

Equipped and customized for clients interest

Capital One Checking Accounts are equipped for people who want to earn money when doing online transactions such as checking account balance and grow on their savings. One can also do a majority of their operations online using smartphone applications without necessary having to physically move around.

Flexible services

Capital onjmkb235edt6y27ui282i9e offers their client with the option of opening multiple accounts for one individual. One can use these accounts for a different purpose as they wish to range from savings to loan services. They also have over 38,000 free ATMs to help in withdrawal that help them network with their clients. Even with their limited branches they are well able to reach their clients worldwide. They are a digitally-oriented bank that is focused on giving their clients a unique experience in the banking sector.

No monthly charges and minimum balance

This is one of the factors that makes capital one a viable choice in the banking industry. Their enrolment is free; they do not charge their clients overdraft fees and only 11.5% annual rate interest on the overdraft.

If you have an interest in online banking, then take some time to learn more about Capital One Checking Accounts so as to make an informed choice. This account has unique packages that are more convenient than many options in the market today.

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College Ave Student Loans Review

If you want to learn more about student loans, then you have come to the right place. This article helps you learn more about College Ave Student Loans. You will know what they are and how you can use them to cover up to 100% of your school expenses.

What are College Ave Student Loans?

College Ave Student Loans is a private student loan lendjmkn3ed5t36edy72u38eer launched in 2014 to help college and university students finance their education. Just like other private loan lenders such as Discover Student Loans, Wells Fargo, and Iowa Student Loan, College Ave provides student loans products that are subject to student’s approval and adherence to stipulated guidelines. Loans from this lender are made available through various banks such as Liberty Bank, Firstrust Bank and more.

Educational loan options

The lender offers private student loans to undergraduate students, graduate students and the parents of students who wish to commence or advance in their studies. Below are some of the options available to applicants.

Undergraduate loans

For students who enroll for undergraduate studies, the variable rates of loans offered start at 2.20 percent and go up to 9.29 percent. For fixed rates, it ranges from 4.99 percent to 11.24 percent.

Graduate Loans

For students who enroll for graduate or postgraduate studies, their fixed rates of the loan offered start at 6.35 percent while variable rates start at 4.03 percent while.

Parent Loan

For parents of students who wish to commence studies at university or college, their fixed rates start at 6.54 percent while variable rates start at 4.03 percent.

Repayment options

College Ave offers a wide range of repayment options that borrowers can use to repay the loans offered such as flat payment, interest only, interest payments, deferred and full principal. The interest rate may change depending on the repayment plan selected. Payments that are made while one is in school attract much lower interest rates.

Repayment Period

The company offjmknb23e5dt6edy72u8edi9ers flexible repayment term lengths such as 8-year term, 10-year term, 12-year term, and a 15-year term. Shorter term lengths mean that the loans offered attract much lower interest rates. However, loans provided to parents have repayment terms of between 5 and 12 years.

How to get approved Loans

To get approved for a private student loan from College Ave, you must fill out an online application and submit the required paperwork. The application takes at least 3 minutes to complete. Once your application is complete, you will get a credit decision instantly. Cosigners are also added to the online application directly.

First American Equipment Finance

First American Equipment Finance (2)

First American Equipment Finance is a company in the finance industry that is fully owned by City National Bank.

This is one of the US largest banks that has over 30 billion in assets only.

It was named among the top one hundred commercial leasing finance companies.

Its headquarters is in Fairport, New York.

  • Mission and goals

The mission of this company is to make their business grow in a in a professional and a passionate way.

They have always strived to meet the needs of their clients and ensure they are fully satisfied.

They have done this by maintaining long term relationships with other existing banking institutions and customers.

  • Company size

The company has grown over the decades in wealth creation and number of employees.

They currently have over 175 employees who work in different departments.

The employees are dedicated professionals who take pride in bringing new ideas to the developing industry.

They still hire top students from different universities and offer them professional training and responsibilities. The company still has prospects and room for further growth.

  • History

This company was founded in 1994 as a subsidiary of city national bank.

Their idea was simply to finance the biggest businesses in the US that are credit worthy.

They have since built a legacy as an organized and performing institution that has given credit even to the most sophisticated borrowers.

This has made them to grow and become successful every year.

  • Services and client base

Their services have entailed financing businesses in various sectors such as healthcare, legal, insurance, media, food and beverage.

Many of their clients have acknowledged their services and termed them to beyond expectations. They have also strived to build a long lasting rapport with their clients.

This has made them to grow their client base over the years in all the 50 states.

  • Financial StabilityFirst American Equipment Finance (1)

This company has enjoyed financial stability even in the most turbulent economic times.

Whether the economy is contracting or unstable First American’s have been consistent in their lending. This has been associated with well laid down strategies and transparency in their operation.

This is one of the factors that has helped build trust in their clients and created dependability.

First American Equipment Finance Company pioneered the use Rapid Turnaround Process a simplified paperwork package that is used for leasing, billing and asset management.

They have also taken part in many community development projects and won several awards including best for millennial and best in New York

The Secret to Success for Some Women in Finance

Finance is one of the most demanding careers today.

Success in the finance industry means that one has to invest a lot of time and hard work.

Sometimes one has to stay late in the office so as to beat tight deadlines. This is even more challenging for women in this industry who try to balance between family and work.

The secret to success for some women in finance has been associated to sharing responsibilities with their spouses.

Here are some of the tips for women who want to be successful in the finance industry.

The Secret to Success for Some Women in Finance (1)

  • Work smart

Every career has its own unique challenges.

However, we can always learn something from all the different professionals in different departments.

Always be a team player, learn to share responsibilities with your colleagues. Be kind to coworkers and those who are around you.

If you are collaborative in your career and share ideas freely with your colleagues then you increase the chances of being successful.

  • Be proactive and look out for opportunities

The Secret to Success for Some Women in Finance (3)Being aggressive is not only meant for men.

Many women who have been successful have talked about how they sort for these opportunities and had to undergo competitive process so as to achieve.

Being hard working does not guarantee anyone a successful career.

One has to be on the lookout for any window of opportunity.

Favorable circumstances make the best recipe for success, this means that one has to eliminate any form of obstacle that is on the way of success.

  • There is no perfect time to make a move

There is never a perfect time to make a move in career advancement.

There will always be obstacles that will pull you down and undermine your efforts.

Success comes with the will power and determination to move forward. One has to be a risk taker and be willing to take the next step even when the circumstances are unfavorable.

For women, balancing family responsibilities and career can be challenging. However, this should not be the set back that holds you from the next move.

Always remember there is no perfect time for the next move.

  • Keep the right company

The right mindset is crucial for success.The Secret to Success for Some Women in Finance (2)

The secret to success for some women in finance has been associated with surrounding themselves with other women who have succeeded in different areas of their career.

Keeping such a company is good for motivation and encouragement.

Nobody has ever made it by themselves.

Everyone needs a mentor in order to grow.