Counseling Earnings – Yes I Can Succeed http://yesicansucceed.com/ Tue, 24 May 2022 04:33:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://yesicansucceed.com/wp-content/uploads/2021/09/icon-1.png Counseling Earnings – Yes I Can Succeed http://yesicansucceed.com/ 32 32 What to Avoid When You Need Money Quickly: Interest on Emergency Loans https://yesicansucceed.com/what-to-avoid-when-you-need-money-quickly-interest-on-emergency-loans/ Tue, 24 May 2022 04:33:15 +0000 https://yesicansucceed.com/?p=4484 Your pet is in need of urgent surgery to save its life. Someone you have known suddenly passed away and you need to make a trip for the burial. Your car has issues and requires repair. Whatever the circumstance an unexpected and unplanned unexpected cost could be devastating to your financial position. Based on a study in 2021 by […]]]>

Your pet is in need of urgent surgery to save its life. Someone you have known suddenly passed away and you need to make a trip for the burial. Your car has issues and requires repair.

Whatever the circumstance an unexpected and unplanned unexpected cost could be devastating to your financial position.

Based on a study in 2021 by the TIAA Institute the TIAA Institute 30 % of Americans were unable to manage the unexpected cost of $2000 in a single month. Black and Hispanic Americans are disproportionately affected by the long-standing inequality that is present in the economic system and financial systems. The TIAA Institute revealed that 41 percent of Black Americans, as well as 40 percent of Hispanic Americans, said they would “certainly not” or “probably not” be in the position to afford the expense when compared with 27 percent of the white Americans.

While emergency loans may provide quick access to credit, however, certain types of loans, including payday loans or car title loans may have high rates of interest and fees that could result in higher costs ultimately. This article will inform you about the most popular types of loans that are emerging, as well as the types to stay clear of and the other alternatives that are accessible.

What Is an Emergency Loan?

Emergency loans can be described as private loans specifically designed to pay for unexpected expenses. They can be used to pay for emergencies like urgent repairs, medical costs funeral expenses, and other immediate fixes. If you’re experiencing an emergency expense, there’s a good possibility that you will not have to wait for several days before your loan is paid, therefore you must search for lenders that offer quick loans for payment.

The loans are secured or non-secure. For secured loans, you’ll require the use of your home, generally the vehicle you own or a different one as collateral to guarantee the loans. Unsecured loans are based on creditworthiness and don’t have collateral requirements.

Certain kinds of loans designed for emergencies like payday loans and vehicle title loans can be very expensive in both interest and expenses. “When you’re in a tough spot and need funds fast, the ease of access on payday loans can make it very tempting,” claims Jeff Arevalo, a financial counselor at Greenpath Financial Wellness which is a non-profit nationwide credit consulting business. “Once you get into those loans, getting out is difficult,” the expert recommends.

6 Types of Emergency Loans

There are a variety of emergency loans. They vary from traditional installment loans to more predatory types that have higher rates of interest. Before you make a loan application make sure you know the procedure of each type and the fees you will have for.

1. Personal Loans

They’re offered by banks and other institutions such as credit unions, as well as online lenders, personal credit is installment loans, which means that they’re repaid in installments, over a specific period of time. They are generally not secured and can be repaid over a lengthy time. The interest rates and fees vary from lender to lender, but the rates are usually dependent on your credit score, income, and any other debts that you have. The time frame for the disbursement generally ranges from the moment you apply to a few working days. To determine the most affordable rate, look at rates from a number of personal loan lenders.

2. Payday Loans

If people need cash quickly to pay for bad credit, they often prefer payday loans. Payday loans are loans that are short-term and have very little amount. “What we traditionally see is between $300 to $1,000,” says Kim Cole, community engagement manager at Navicore Solutions, an organization that is a non-profit credit company for counseling.

“However, where they become ugly is the interest rate and fees,” Cole declares. With APRs of as high as 400% and they could reach 400% and higher, and getting payday loans for emergencies can cause a spiral that can lead to a tangle of credit. “It’s probably the most expensive, least-consumer friendly product out there,” Cole says.

If you take out a payday loan, you have to repay this loan with one payment prior to the next payment date usually between two and four weeks from the moment the loan is accepted. The lender usually requires that you submit a post-dated check to the lender for the amount you owe and then pay the check on the date of due regardless of the sum you have on the account. checking account. If you are unable to repay the loan fully, then you might be able to convert the loan into a loan, which could result in you being more in the debt.

3. Car Title Loans

Another alternative for those looking for loans that are fast and simple and suitable for those with bad credit is to take the loan of a vehicle title. Similar to payday loans, car title loans are short-term loans that are tiny amounts, but with higher fees and charges. In contrast, payday loans are unsecured and car title loans take advantage of the worth of your vehicle for collateral.

“If you default on a title loan, you are in danger of surrendering your title and car,” Arevalo warns. Arevalo. “It’s your vehicle, the way to get to work or doctor’s appointments. There’s certainly risk involved,” he says.

4. Cash Advances

In the event that you have a credit card, one way to get funds quickly is to utilize a cash advance. This is a method that allows you to utilize your credit card to obtain money from your banking institution or ATM. You can make any cash advances a part of the credit payment.

However, keep in mind that it’s the case it is the case that credit card companies generally offer higher APRs for cash advances than they do on purchases. In addition, there’s usually an advance fee on cash, which is usually proportional to the amount that is utilized.

“[Credit card cash advances] aren’t my first choice,” Cole says. Cole. “But a credit card or cash advance at 25% interest is a lot better than a payday loan at 400%,” she says.

5. Payday Alternative Loans

If you need urgent cash but wish to avoid the dangers associated with payday loans or car title loans, you may be suitable for a payday loans alternative (PAL).

It is a PAL program provided by a handful of credit unions, which offer their members the possibility to obtain funds quickly without having to resort to payday loans. The typical PAL loan ranges between $200 and $1000, and you can be repaid in as little as six months. pay back your loan in installments. The highest interest rate that federal credit unions are permitted to offer on loans to PALs could be up to 28% as stipulated to be set by the National Credit Union Administration (NCUA). However, that’s rather high it’s a lot less than what you’d pay on payday loans or a title of your car loan.

6. Pawn Shop Loans

In the pawnshop, you can use items to use as collateral. Everything from games equipment to jewelry can be used to obtain an advance. The pawnshop can offer you cash as a way to pay in exchange for an object. If you repay the loan by the due date and get the item back. If you do not pay the loan to the store, it holds the item and can sell it to collect its money.

The rates of interest on loans at pawnshops tend to be less than the rates you’d find in other loan forms. You should be aware of the fact that you may lose the property you borrowed in the event that you’re not capable of making the monthly payment. “Pawnshops wouldn’t be my first recommendation, but they’re not nearly as bad as car title loans or payday loans,” Cole states. Cole. “The aspect of the pawn loan is that you’ll never receive the value of what the item you are selling is worth. However, the pawn industry is highly regulated compared to other lending practices that are predatory,” she claims.

How to Choose an Emergency Loan

If you’re considering the type of emergency loan that is the best fit for your needs be sure to consider the following factors:

  • Annual Percentage Rate (APR): An APR is an interest rate that takes care of all the expenses and charges of the loan product. For certain types of loans for emergency situations, such as auto title loans or payday loans, APRs can be as high as triple-digits. The potential exists that interest rates to increase rapidly, which means that you could end up paying three times or more than the amount you initially borrowed. It is important to review the loan’s disclosure to find out which APR is paying and how it affects the total amount of the loan. According to what is recommended by the National Consumer Law Center 36percent is the most recommended rate for loans with small amounts because it allows the borrower to pay for loans that are assured that you can afford.
  • Payment Time: Depending upon the kind of loan that you get it could take months or even years to repay it back. For payday loans and car title loans, typically you require between two and 4 weeks. Personal loans such as PALs, and advance cash, you can pay them back over months, or even over a period of time, which allows your repayments to be easier for you to handle.
  • Prices: Emergency loans may come with many fees, including the cost of the loan’s origination. These charges can add to the loan’s value and make it difficult to repay the loan.
  • Collateral: While individual loans, cash advances, as well as PALs, are all not secured, some emergency loans can be secured and will require collateral. If you’re in default on your payments you could lose the belongings you have to the lender. Prior to making a decision on a loan that requires collateral, ensure that you’ve got a repayment strategy in place, and you’ve created a budget.
  • The time it takes to pay: Part of the reason why payday loans are so heavily utilized is that you can get cash in a matter of minutes. This is an advantage over other loans for personal use that could take several days to take to process. However, certain personal loan lenders and PALs are able to pay loan installments within a short period of time take your time and search until you locate the most suitable choice for your needs.
  • It is the amount you will receive: Most urgent loans are generally small, typically between $200-$1,000. If you need more than that, personal loans may be the best option as they generally have a greater limit for loan amounts.
  • Criteria for Credit: If your credit score is excellent, or outstanding credit and you’re in a position to have more choices than someone who has bad credit. If you are blessed with good credit scores, you might be able to get personal loans at extremely low rates of interest and you’ll be able to pay back this credit. However, loans for emergencies for people who have bad credit tend to have more expensive interest rates and shorter time frames.

How do you get an emergency loan despite having bad credit

If you’re someone with very low credit or zero credit background whatsoever, it could be difficult to find a lender who is willing to work with you. There are several strategies to boost the odds of being able to get loans:

  • Add cosigner: If you have a family member or friend who has outstanding credit and a steady source of income, adding them as a cosigner to a loan could help you get approval even in the event that you’re credit isn’t as strong. Cosigners will be guarantors of the loan, meaning the lender might be obliged to make payments when you’re in financial trouble.
  • Collateral Utilization: If you cannot qualify for an emergency loan that is not secured or a secured loan you may be able to get a secured credit in the event that you have any kind of property could use for collateral. You can use your motorbike, vehicle, or even a boat be used as collateral to guarantee your loan.
  • Visit the Credit Union: As non-profit institutions, credit unions serve their members. They generally have fewer credit standards than lenders. They can also provide free financial guidance.
]]> Counseling for Student Loans https://yesicansucceed.com/counseling-for-student-loans/ Tue, 12 Apr 2022 10:10:47 +0000 https://yesicansucceed.com/?p=3888 College is supposed to be a positive learning experience. Moreover, your college degree is meant to result in an attractive job that pays well and a life of leisure. However, for a lot of individuals, it doesn’t happen. Millions of Americans struggle with the burden of student loans. Many feel overwhelmed by their debt pile and many are […]]]>

College is supposed to be a positive learning experience. Moreover, your college degree is meant to result in an attractive job that pays well and a life of leisure. However, for a lot of individuals, it doesn’t happen. Millions of Americans struggle with the burden of student loans. Many feel overwhelmed by their debt pile and many are confused as to how to start. If this is you, don’t lose hope. If you’re an incoming graduate who is not able to get a full-time job or you completed your college but have a popular Payday Loan notes in your account We at the student loan counseling service can assist and guide you in the correct direction.

How It Works

The student loan assistance offered by Clearpoint services begins with a thorough review of how your finances are. When we look over your “big picture” we are in a position to provide the most effective recommendations for you. This may include a thorough review of your current housing situation and credit cards. We may even recommend a program to manage debt to assist you with managing your credit cards if you’re struggling with that aspect. However, the main focus of the session will be on your credit card debt from your student loans.

In your student loan counseling session the counselor will determine the level of difficulty you’re facing with your loan repayment. The options you have are contingent on whether you’re in default or are paying on time. Then, your counselor will go over the options for repayment of federal student loans:

  • Repayment of student loans from the traditional way
  • Programs for loan rehabilitation
  • Consolidation of student loan
  • Repayment plans based on income
  • Programs to forgive student loans
  • Other programs for repayment of student loans

In your student loan counseling session the counselor will discuss the options and programs in great detail and outline the advantages and disadvantages of each repayment option. The counselor can also help to determine whether you could possibly be eligible for these programs.

For individual loans, your loan counselor will be able to suggest ways to speak with your service providers for student loans for the possibility of enrolling in a more efficient repayment program.

Benefits of Non-profit Student Loan Counseling

The student loan counseling we offer many unique benefits for our clients. If you opt to take part in a loan counseling session through Clearpoint and Clearpoint, you can be prepared to receive:

  • Professional advice from a non-profit organization
  • Simple explanations that can help you understand the options available
  • Details about eligibility for repayment programs that could save you hundreds or even thousands of dollars in the course of your repayment of student loans.
]]> P151B of loans disbursed in 2021 │ GMA News Online https://yesicansucceed.com/p151b-of-loans-disbursed-in-2021-%e2%94%82-gma-news-online/ Sat, 19 Mar 2022 03:45:44 +0000 https://yesicansucceed.com/p151b-of-loans-disbursed-in-2021-%e2%94%82-gma-news-online/ The state workers’ pension fund, the Government Service Insurance System (GSIS), disbursed a total of 151 billion pesos in loans to more than one million members and retirees in 2021. Total loans disbursed last year were 4% higher than the 2020 total of 145 billion pesos. “Through our various Ginhawa For All (GFAL) Loan Programs, […]]]>

The state workers’ pension fund, the Government Service Insurance System (GSIS), disbursed a total of 151 billion pesos in loans to more than one million members and retirees in 2021.

Total loans disbursed last year were 4% higher than the 2020 total of 145 billion pesos.

“Through our various Ginhawa For All (GFAL) Loan Programs, GSIS has extended its financial assistance at a time when our members and retirees were in dire need of assistance,” said GSIS President and CEO Rolando Ledesma. Macasaet.

GSIS said that of the total amount granted, 106 billion pesos was under GFAL Multipurpose Loans (MPL).

This loan is intended to help active members, especially those who have reached their borrowing limit and are unable to repay their loans. It consolidates members’ existing loans, except for home loans and policies, and removes surcharges on defaulted accounts.

Through GFAL MPL, members can apply for up to 14 times their basic monthly salary, but not to exceed 3 million pesos. It has an interest rate of 7% or 8% depending on members’ premium payments.

In March, GSIS announced that it would launch GFAL GSIS MPL Plus, an enhanced version of its current MPL program.

Under the loan window, the pension fund said it would increase the credit limit to P5 million; extending the maximum payment period to 10 years; and relaxing borrower eligibility requirements.

The pension fund also released 27 billion pesos to 62,974 beneficiaries of the GSIS financial assistance loan, through which members were able to borrow up to 500,000 pesos, consolidate their loans with approved credit institutions in their branches and transfer the remaining balance to GSIS.

For those whose total loan is less than P500,000, they also had the option of applying for the top-up loan to cover the cost of their other needs.

Under the GFAL computer loan program, GSIS said it has disbursed more than 7 billion pesos in gross proceeds, benefiting more than 230,205 borrowers.

The GFAL Computer Loan is a loan window that grants P30,000 assistance to GSIS members to purchase a computer unit for their work from home or their children’s online lessons. GSIS intends to expand the implementation of this program this year.

Similarly, the pension fund granted 6 billion pesos to 269,440 regular and optional borrowers; 1 billion pesos to 38,980 GFAL emergency loan borrowers; and 89 million pesos to 2,035 members through Ginhawa’s educational loan program.

For retirees, 3.03 billion pesos and 96 million pesos were released as GFAL Enhanced Retirement Loan to 38,144 retirees and Retirees Emergency Loan to 4,415 retirees, respectively.

GSIS said it has also made loan transactions safer and more convenient for its members and retirees by making them accessible through online channels such as GSIS Wireless Automated Processing System (GWAPS) kiosks, the member Electronic GSIS Online (eGSISMO) and the new and improved GSIS Touch Mobile App. Loan proceeds are credited directly to the borrower’s GSIS e-card or Unified Multi-Purpose Identification (UMID) card.

The pension fund added that it has also implemented technology-driven initiatives such as the Annual Revalidation of Retiree Information Online (APIR) and a partnership with Bayad.

“Our members can settle their underpaid or unpaid loans through 2,836 active Bayad outlets nationwide and online through UnionBank of the Philippines and Land Bank of the Philippines payment facilities. Very soon, payment solution providers will be able to be supported by alternative payment providers on online collection channels,” Macasaet said. —Ted Cordero/KG, GMA News


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]]> 5 banks that refinance student loans https://yesicansucceed.com/5-banks-that-refinance-student-loans/ Wed, 16 Mar 2022 22:38:14 +0000 https://yesicansucceed.com/5-banks-that-refinance-student-loans/ Student loan refinancing offers the ability to lower your interest rate, get more flexibility with your monthly payments, and more. Before applying with a lender, however, it’s important to shop around and compare multiple offers. In your search, you will come across banks, credit unions, and online lenders that offer refinance loans. There are several […]]]>

Student loan refinancing offers the ability to lower your interest rate, get more flexibility with your monthly payments, and more. Before applying with a lender, however, it’s important to shop around and compare multiple offers.

In your search, you will come across banks, credit unions, and online lenders that offer refinance loans. There are several reasons why a bank might be the best choice for you; for one, you may be able to get a discount if you have other products from the bank, and you can also benefit from the convenience of a local branch for personalized assistance.

What is student loan refinancing?

Student loan refinancing involves paying off one or more existing student loans with a new loan through a private lender. Refinancing may have some advantages, including the possibility of getting a lower interest rate, but refinancing federal student loans will cause you to lose access to benefits offered by the US Department of Education.

As such, it’s crucial that you take the time to understand both the pros and cons of refinancing before making the decision. Refinancing is a good idea if you have private student loans and can qualify for a lower interest rate than what you are currently paying. If you have federal student loans or can’t qualify for a lower interest rate, it’s probably best to wait for now.

5 banks that refinance student loans

If you’re thinking about refinancing your student loans, here are five banks to get you started on your search.

Citizens Bank

Citizens Bank is one of the few student loan refinance companies that will allow you to refinance your debt even if you haven’t graduated. The bank offers loans ranging from $10,000 to $750,000 (the limit is $300,000 for bachelor’s degrees and below).

The repayment options are five, seven, 10, 15 and 20 years. The bank’s interest rates are competitive and you can choose between fixed and variable rates. In addition to an automatic payment discount, Citizens Bank offers an interest rate discount of 0.25% if you or your co-signer have an eligible bank account with the lender at the time of your application.

Citizens Bank does not disclose a minimum credit score, but it does indicate that you need good credit. You will also need to earn an annual income of at least $24,000 and not have defaulted on your student loans in the past. The Citizens Bank co-signer release period is also relatively long at 36 months.

SoFi

SoFi started strictly as a student loan refinancing company, but received approval from federal regulators in early 2022 to become a national bank. The online bank offers loans as low as $5,000 with no cap. The repayment terms are five, seven, 10, 15 or 20 years.

The lender’s interest rates, both fixed and variable, are competitive. If you find a better rate elsewhere, SoFi will match it and give you $100 when you complete the funding process. What really sets SoFi apart from other lenders, however, are its member benefits. You’ll get interest rate discounts on other SoFi loans, 10% off an estate plan, professional resources, an unemployment protection program and more.

You can refinance with SoFi if you have at least an associate’s degree, but the lender does not publicly disclose any minimum credit or income requirements. You are also not eligible if your loans were taken out for bar studies or residency.

NCP Bank

PNC Bank’s student loan refinance program may be worth considering if you don’t have a ton of debt, don’t have a degree, or aren’t likely to get the best rates. of market interest.

PNC Bank’s lowest interest rates aren’t as impressive as those of other major student loan refinance lenders. However, its interest rate ceiling is quite low. You can also get a 0.5% discount on your interest rate if you set up automatic payments. Autopay rebate is not unique, but most lenders only offer 0.25%.

The lender does not provide concrete eligibility criteria, but if you need a co-signer to be approved, you can release them from their obligation after making 48 consecutive payments on time and passing a credit check – a period of much longer wait. than with other lenders.

Road of laurels

Laurel Road is an online banking brand for KeyBank, with student refinance loans ranging from $5,000 up to your full outstanding loan balance. The repayment terms are five, seven, 10, 15 and 20 years.

The lender’s interest rates are competitive and you may qualify for a discount if you have a checking account with Laurel Road and meet direct deposit and savings balance requirements. This is in addition to the 0.25% autopay discount.

You must have an associate’s degree or higher to qualify. And if you have an associate’s degree, you must have completed a degree in a healthcare field.

Student loan financing

Education Loan Finance (ELFI) is the student loan refinancing division of SouthEast Bank. The minimum loan amount is a bit high at $15,000, with the limit varying based on eligibility. Repayment terms include five, seven, 10, 15, and 20 years, although parents are limited to a 10-year repayment period. The lender offers competitive fixed and variable interest rates.

ELFI has some drawbacks. Namely, there is no co-signer release program and a bachelor’s degree is required to refinance. On the plus side, however, ELFI is more transparent than other lenders about its eligibility criteria. To qualify, you must have a minimum income of $35,000, a minimum credit score of 680, and a minimum credit history of 36 months.

Advantages and disadvantages of refinancing a student loan with a bank

If you’re considering going with a bank to refinance your student loan, consider the pros and cons.

Benefits

  • Some discounts for existing customers.
  • Potentially more personalized terms.
  • Network of branches for in-person assistance.

The inconvenients

  • Often higher interest rates.
  • May not offer the unique benefits of online lenders.

How to refinance with a bank

To refinance student loans with a bank, you will follow a similar process as you would with an online lender:

  1. Compare the prices. You’ll start by comparing interest rates from several companies, which should include both banks and other types of lenders. Most student loan refinance companies allow you to get a quote with a simple credit check, making the comparison process easy and risk-free.
  2. Apply online. Once you have chosen a lender, you apply directly through their website. You will need to provide information about yourself, your school, and your student loans. After you submit your application, the lender will perform a credit check and ask you to provide documents, such as pay stubs and a copy of your driver’s license.
  3. Accept the loan. If the lender approves your loan, you will receive a final offer, which may or may not be the same as the original quote. At this point you can decide whether or not to accept the loan. If you don’t, you can repeat the process with other lenders, but if you want to go ahead with this particular lender, read the agreement and sign the documents. The lender will repay your existing loans directly, but you will need to continue making payments until this is confirmed.

Learn more:


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]]> Lenders who refinance non-degree student loans https://yesicansucceed.com/lenders-who-refinance-non-degree-student-loans/ Tue, 15 Mar 2022 23:33:18 +0000 https://yesicansucceed.com/lenders-who-refinance-non-degree-student-loans/ If you have student loans but no degree, managing your repayment can be more difficult, especially if you’re hoping to refinance. Most lenders require a degree for refinancing, but there are a few exceptions. Here’s where to start if you’re trying to refinance your student loans without a degree. What is student loan refinancing? Student […]]]>

If you have student loans but no degree, managing your repayment can be more difficult, especially if you’re hoping to refinance. Most lenders require a degree for refinancing, but there are a few exceptions. Here’s where to start if you’re trying to refinance your student loans without a degree.

What is student loan refinancing?

Student loan refinancing is the process of consolidating current student loans into a single new loan with a private lender. This gives you an interest rate determined by your credit rating and history (and those of your co-signer, if you have one).

Although you can refinance federal and private loans, you lose all of your federal protections when you refinance loans you got from the US Department of Education. For example, you are no longer eligible for income-based repayment plans, federal deferment, or civil service loan forgiveness. But you might qualify for a lower interest rate than you’re currently paying, which might make refinancing worthwhile.

Can you refinance student loans without a degree?

Most lenders require borrowers to have a college degree in order to refinance student loans. However, each lender has different eligibility criteria, so the lack of a degree does not automatically exclude you from the possibility of refinancing. Lenders usually require a bachelor’s degree, but they may accept associate’s degrees or no degree as long as you are employed or have a regular source of income.

4 Lenders Who Will Refinance Student Loans For Borrowers Without A Degree

If you’re exploring refinancing options, compare a few different lenders to gauge where you qualify and what interest rates and terms are available to you. The lenders below don’t require a degree to refinance, so they’re good places to start your search.

Citizens Bank

As long as you have made at least 12 consecutive payments on your student loans and have at least $10,000 in eligible loans to refinance, you may qualify for a Citizens Bank refinance loan.

Citizens Bank has relatively low rates and five term options available. However, there are a few downsides to keep in mind: you can’t release a co-signer until you’ve made 36 payments on your new loan, and the minimum loan of $10,000 is quite high.

ANC

Although you may not need a degree to refinance your student loans with PNC, you will need to have at least $10,000 in student loans and 24 months of consecutive payments before you qualify for refinancing. A stable employment and income history is also required.

PNC offers a generous 0.5% discount for setting up autopay. However, borrowers without a degree are subject to high interest rates and a maximum loan of $25,000.

Discover

Discover will refinance as little as $5,000 and up to $150,000, making it one of the most flexible refinance lenders around. There are also no fees, not even late fees, and the cap rates are relatively low.

Keep in mind that Discover only has two repayment options – 10 or 20 years – which can be limiting. Additionally, postgraduate loans and loans taken out while you were enrolled less than half the time cannot be refinanced.

Massachusetts Education Finance Authority (MEFA)

MEFA refinance loans require you to have made at least six consecutive payments on time on the loans you wish to refinance, but this does not require a degree. This means you may qualify for refinancing sooner than with other lenders. Rates are low and you can find out if you prequalify without a credit check.

That said, MEFA doesn’t offer variable interest rates, so it’s not the right choice if you want the lowest interest rates on the market. You will also need to have at least $10,000 in eligible loans to qualify for refinancing with MEFA.

Other ways to repay your student loans

Refinancing is one way to pay off your student loans, but it’s not always the best option for everyone. Consider other repayment options, including:

  • Income Oriented Repayment Plans: Available for federal student loans, income-based repayment plans base your monthly payments on your income and household size. So if you’re not working right now, your payments can be as low as $0 per month. The remaining balance on your loans is canceled after 20 or 25 years, depending on the plan you choose.
  • Debt avalanche method: If you have a lot of student loans, the debt avalanche method can help you organize your debt. With this method, you’ll make regular payments on all of your loans, but put all the extra money into the loan with the highest interest rate. Do this until the loan is paid off, then switch to the loan with the highest interest rate until all of your loans are paid off in full. This strategy will reduce the amount you end up paying in interest on your loans.
  • Federal Loan Consolidation: If you only have federal loans, consider getting a direct consolidation loan. Like refinancing, this combines all of your loans into one manageable payment, but it won’t cause you to lose access to federal benefits. You won’t save any money with this method, but it might be worth it if you don’t want to risk switching to a private lender.

Learn more:


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]]> FSA agricultural loans available | Community News https://yesicansucceed.com/fsa-agricultural-loans-available-community-news/ Tue, 15 Mar 2022 04:00:00 +0000 https://yesicansucceed.com/fsa-agricultural-loans-available-community-news/ Frank Urbanick, Agricultural Lending Manager for the USDA Farm Service Agency serving Allegheny, Armstrong, Beaver, Butler, Clarion, Elk, Indiana, Jefferson, Lawrence, Mercer and Washington counties, recently reminded growers that the FSA has funding earmarked specifically for use by targeted underserved groups and loans to beginning farmers. These loan programs are designed to help farmers purchase […]]]>

Frank Urbanick, Agricultural Lending Manager for the USDA Farm Service Agency serving Allegheny, Armstrong, Beaver, Butler, Clarion, Elk, Indiana, Jefferson, Lawrence, Mercer and Washington counties, recently reminded growers that the FSA has funding earmarked specifically for use by targeted underserved groups and loans to beginning farmers.

These loan programs are designed to help farmers purchase and operate family farms.

“With these loan programs, the FSA hopes to help reverse the declining number of farmers and ranchers across the United States and especially here in our region,” Urbanick said. “These loans encourage and help them own and operate their own farms and ranches, participate in agricultural programs, and become an integral part of the farming community.”

According to Urbanick, the FSA sets aside a portion of its loan funds each year for targeted underserved groups. The USDA defines a targeted underserved farmer as part of a group whose members have been subjected to racial, ethnic, or gender bias based on their identity as members of the group, regardless of their individual qualities. For the purposes of this program, the targeted underserved groups are women, African Americans, Native Americans and Alaska Natives, Hispanics, Asians, and Pacific Islanders.

Direct loans are made to applicants by the FSA and include both operating and farm property loans. Repayment terms for direct operating loans depend on the collateral backing the loan and generally range from one to seven years.

Frank Urbanick says the repayment terms for home direct loans can be up to 40 years. Interest rates for direct loans are set periodically based on the government’s cost of borrowing. The Down Payment Loan Program requires the applicant to provide a minimum 5% cash down payment, then the loan cannot exceed 45% of the lesser of the purchase price, the appraised value of the farm to be acquired, or 667,000 $.00 and for a term not to exceed 20 years. Subject to $600,000.00 direct farm property loan limit. Down payment loans provided in the form of micro-loans for PO purchases cannot exceed $50,000.00.

Farm property loan funds can be used to purchase or expand a farm, purchase easements or rights of way necessary to operate the farm, erect or improve buildings such as a dwelling or barn, promote soil and water conservation and development and pay closing costs.

Funds from farm business loans can be used to purchase livestock, poultry, farm and household equipment, feed, seeds, fuel, fertilizers, chemicals, refinance debts, hail and other crop insurance, food, clothing, medical care and hired labor. Funds may also be used to install or improve water supply systems for domestic use, livestock or irrigation, and other improvements.

Individuals, partnerships, joint ventures, societies and cooperatives whose main and direct activity is agriculture and animal husbandry on family-sized farms can apply. A family-sized farm is considered a farm that a family can operate and manage on their own.

Secured loans can also be made for ownership or operating purposes and can be made by a lending institution subject to federal or state supervision (banks, savings and loan companies, insurance companies and units of the agricultural credit system). Typically, the FSA guarantees 90 or 95% of a loan against any loss that might be incurred if the loan fails. The terms of the secured loan are set by the lender. Interest rates for secured loans are set by the lender.

Applicants must meet the eligibility criteria for a given program before the FSA can extend program benefits. For additional information or inquiries for all FSA direct loan programs, contact your local FSA office at 24 Avalon Court, Suite 200, Mercer, PA 16137 or by telephone (724) 662-2890.


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]]> Online Lending Market 2022 Recent Trends and Growth Forecast to 2030 | Upstart, Funding Circle, Prosper, CircleBack Lending, etc. https://yesicansucceed.com/online-lending-market-2022-recent-trends-and-growth-forecast-to-2030-upstart-funding-circle-prosper-circleback-lending-etc/ Sat, 12 Mar 2022 10:24:17 +0000 https://yesicansucceed.com/online-lending-market-2022-recent-trends-and-growth-forecast-to-2030-upstart-funding-circle-prosper-circleback-lending-etc/ online-loan-market Online lending market: key insights The latest research report, titled “Global Online loan market Insights 2022 and Forecast 2030, this includes an overview and an in-depth study of the factors which are considered to have a greater influence on the future development of the market, such as Market size, market share, various industry dynamics, […]]]>

online-loan-market

Online lending market: key insights

The latest research report, titled “Global Online loan market Insights 2022 and Forecast 2030, this includes an overview and an in-depth study of the factors which are considered to have a greater influence on the future development of the market, such as Market size, market share, various industry dynamics, Online Loans market companies, country markets regional analysis, value chain analysis, consumption, demand, key application areas and more. The study also talks about crucial pockets of the industry such as products or services offered, downstream domains, end users, historical data regarding revenue and sales, market background and more.

Online Lending Market: Competition Landscape and Key Developments Upstart, Funding Circle, Prosper, CircleBack Lending, Peerform, Lending Club, Zopa, Daric, Pave, Mintos, Lendix, RateSetter, Canstar, Faircent and more…

Get exclusive sample pages of the Online Loans Market – COVID-19 Impact and Global Analysis with strategic insights on: https://www.globmarketreports.com/request-sample/200876

Our research analyst has put together a free copy of a sample PDF report to suit your research needs, also including an impact analysis of COVID-19 on the size of the online loans market

The COVID-19 outbreak:The Global Online Lending Market study covers Current Status, Percentage Share, Future Patterns, Development Rate, SWOT Examination, Sales Channels, to anticipate Growth Scenarios for 2022s -2030. It aims to recommend market analysis with respect to growth trends, prospects, and the contribution of players to the development of the market.

Market segment by Type, the product can be split into: On-premises cloud-basedMarket segment by Application, split into: Individuals Companies

Global Online Lending Market by Geography:

• Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)• North America (United States, Mexico and Canada.)• South America (Brazil, etc.)• The Middle East and Africa (GCC countries and Egypt.)

Years considered to estimate the market size:Historical year: 2015-2022Year of reference : 2022Estimated year: 2022Forecast year: 2022-2030

Direct purchase of a copy of the Functional Protein Market Research at:https://www.globmarketreports.com/buynow/200876/global-Online Loans-market

Reasons to buy:

  • Acquire strategically important competitor information, analysis and intelligence to formulate effective R&D strategies.
  • Recognize emerging players with a potentially strong product pipeline and create effective counter-strategies to gain competitive advantage.
  • Classify potential new customers or partners into the target demographic.
  • Develop tactical initiatives by understanding the focus areas of leading companies.
  • Plan mergers and acquisitions meritoriously by identifying the best manufacturer.
  • Formulate corrective actions for pipeline projects by understanding the depth of the online lending pipeline.
  • Develop and design licensing and out-licensing strategies by identifying potential partners with the most attractive projects to enhance and expand business potential and reach.
  • The report will be updated with the latest data and delivered to you within 2-4 business days of ordering.
  • Suitable to support your internal and external presentations with reliable high quality data and analysis.
  • Create regional and national strategies based on local data and analysis.

Some highlights from the table of contents:

1. Online Loans Market Overview1.1 Introduction1.2 Scope1.3 Assumptions1.4 Players Covered1.5 Market Analysis by Type1.5.1 Global Online Lending Market Size Growth Rate by Type (2022-2030)1.5.2…1.6 Market by Application1. 6.1 Global Online Lending Market Share by Application (2022-2030) 1.6.2 Application 12. Executive Summary3. Online Lending Market Analysis by Type (History 2016-2022)3.1 Global Online Lending Market Size (Million USD) Analysis 2016-2022 3.1.1 Type 13.1.2 …3.2 Global Online Lending Market Share Analysis by Type (%) 2016-20224. Online Lending Market Analysis by Application (History 2016-2022)4.1 Global Nanoscale Smart Materials Market Size (Million USD) Analysis 2016-20225. Online Lending Market Analysis by Regions (Historical 2016-2022)5.1 Global Online Lending Market Size (Million USD) Analysis 2016-20225.1.1 Online Lending Market Share by Region (2016-2022)5.1.2 United States5.1.3 Europe5.1.4 China5.1.5 Japan5.1.6 India5.1.7 Rest of the world6. Analysis of Key Companies/Company ProfileContinued………..

For more information with full table of contents: https://www.globmarketreports.com/industry-reports/200876/online-loans-market

Report customization: Global Market Reports provides customization of reports according to your needs. This report can be customized to meet your needs. Get in touch with our sales team, who will guarantee you get a report tailored to your needs.

Get Customization [email protected]: https://www.globmarketreports.com/request-customization/200876

Contact us:Glob Market Reports17224 S. Figueroa Street, Gardena, CA (CA) 90248, United StatesCall: +1 915 229 3004 (WE)+44 7452 242832 (UK)Website: www.globmarketreports.com


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]]> Business News | Stock and Equity Market News | Financial news https://yesicansucceed.com/business-news-stock-and-equity-market-news-financial-news/ Fri, 11 Mar 2022 03:05:57 +0000 https://yesicansucceed.com/business-news-stock-and-equity-market-news-financial-news/ Search mutual fund quotes, news, net asset values Tata Motors INE155A01022, TATA MOTORS, 500570 ICICI Bank INE090A01021, ICICIBANK, 532174 CDS INE467B01029, SDC, 532540 Brightcom Group INE425B01027, BCG, 532368 BSE limited INE118H01025, BSE, 0 […]]]>

























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Although the stock market retreated amid rising COVID-19 cases, the majority of stocks saw an impressive rebound from their March 2020 lows. Investors continued to take advantage of the market correction to invest in Indian stocks. Domestic mutual funds have followed suit. Most equity-focused funds have generated commendable returns over the past two years.

How Equity Funds Became an Unlikely Balm for COVID-Induced Financial Struggles


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