Monthly Archives: May 2018

A Complete Guide to Banking

Perhaps you have just started your first career, or perhaps you have had a job for a while and want your checks cashed without the obnoxious 3 dollar fee, your coworkers or parents might tell you consider using a bank. But you’ve heard things about evil banks, predatory loans, and high credit card fees. So you are unsure and wondering, how do you find a safe bank that is right for you? Here we’ll explain how to find a bank, how to open your first account, how to use debit cards, and how to establish safe lines of credit.

The first thing you’ll notice when looking for services that banks offer is that they are very hard to find. Most banks expect you to ‘as if by magic’ know what kind of account you want to open and what bank to use. For first time bankers, you generally want to go to a bank that is close to where you live and work. Think about ATM locations that are close to you and will be easy to use. You can cash checks and withdraw money from an ATM for free, if it is with your bank. Otherwise banks will charge … Read the rest

Best School Loan Consolidation Options

School loan consolidation provides you an opportunity to merge all your loans and pay only once for all of them. There are a number of options catering to almost everyone’s needs. These options are divided into the following two major categories:

  1. Federal loan consolidation
  2. Private loan consolidation

1. Federal:

This type of school loan consolidation provides financial help to those who are enrolled at schools that participate in federal aid programs. By school we mean a two-year or four-year degree awarding public or private college, university or trade school.

Consolidation can help reduce your student loan debt by fixing and reducing the interest rate on your loans. This loan option will also combine your separate loan debts into one package thus managing your debt paying options.

Eligibility for federal loan:

In order to qualify for federal consolidation, one should check out the following things before applying for it.

  • The candidate should no longer be enrolled in school (defined as being enrolled less than half-time)
  • You must be in the ‘grace period’ of the loan or must be actively repaying your loan.
  • Most consolidation companies require a minimum loan amount i.e. $10,000 is typical.

Types of Federal Loan:

  1. Federal Family Education
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Tips for a Stress Free Moving Day

Moving day is stressful, whether you’re relocating across town or across the country. Preserving your sanity and busting your stress to make moving day a breeze is a matter of staying organized, focused, and calm, and these tips will help you do just that.

The Day Before the Movers Arrive

Go to the store and stock up on everything you’ll need for moving day so that you won’t have to stop what you’re doing to make quick store runs. Buy some bottled water and snacks for your helpers and the movers, and make sure you have all the last-minute cleaning and packing supplies you need.

Make a detailed list, and check it twice. Having a list builds a foundation for the process, and makes dealing with any unforeseen issues pass much smoother.

The night before the movers come, go through the house and pack up any last-minute items, toss any leftover trash, and make a point to organize your packing supplies, cleaning supplies, and other important items that you’ll need on moving day.

Charge your cell phone and other devices fully so that they’re ready for the day.

You’ll need to be alert and energetic tomorrow, so eat a … Read the rest

Know What It Takes to Borrow a Loan With a Less Than Perfect Score

It is well known that a “good” credit score drives the loan eligibility. Whether you need an urgent loan to fund a home improvement plan or to work on a great business idea, a credit score above 750 points would play a crucial role in making you eligible for the same. In contrast having a moderate score from 600 to 700 points can put you into a difficult situation.

Having a score less than 700 points makes you ineligible to borrow at the best of interest rates. You would either need a loan security to borrow or you would need a credit improvement plan. Let’s explore each aspect of improving your score step by step below:

Understand how credit check works

Every time you apply for a loan or a credit card, the lender makes a query regarding your past credit history and score to any of the top credit bureaus. Based on your past credit rating, the lender would qualify you for the loan. Higher is the score, the less risky is your profile for loan.

This credit check is hard credit check and makes a footprint in your credit report. Multiple credit checks in a short duration hurts … Read the rest

5 Ways Refinancing Your Home Loan Can Help You

We take a look at 5 ways refinancing your home loan could help you:

1. Your lender’s rate is no longer competitive

We’ll start with the popular one first. One of the main reasons people choose to refinance their loan is to get a lower interest rate, and put more money back into their pockets instead of paying the banks.

When done correctly, refinancing your home loan could save you thousands over the life of your loan, and free up cash now.

2. You could switch between variable & fixed rates

Another popular reason to refinance your home loan is to switch between a variable rate and a fixed rate. With a fixed rate, some want peace of mind. That is, knowing exactly how much their monthly repayments will be without the possibility of it changing for a set period is worth a slight increase in rate.

Conversely, you may decide you’d like to take advantage of a lower variable rate as you can accept the risk that rates may rise in future.

3. You could be eligible for a home loan with better features

There are some great home loan features around at the moment, and refinancing could offer

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Low Interest Auto Loans

Cars buyers know the benefit of a loan. A loan can help you get a vehicle you want at a monthly payment that fits their budget. What you may not know is that in the case of an auto loan, you can avoid travel and apply for the car loan from your computer! The availability of online auto loans comes from the emergence of online financial institutions. Banks and several other businesses have become comfortable operating online, with some banks even performing loan interviews over the internet. In the case of online auto loans, banks and other financial aids can operate via online lenders to help people receive their loans through online transactions.

One of the benefits of applying for a car loan online is that the car loan application takes no time at all to finish. Whereas you would have to commute to the bank and then the dealership to fill out the paperwork involved with applying for a loan, you will not have to leave the house to fill out an online auto loan application! The streamlined service involved in applying for an online auto loan comes from the plethora of online loan lenders that will work with

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How to Reduce Your Credit Card Rate?

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Credit cards are a boon in many ways for it has features and benefits unlike any other form of plastic money. In fact they are the best devices to handle emergencies and also times wherein you need a loan to make your dreams come true. This is because the proper use of credit cards helps you build a good credit history thereby positively affecting your standing with the bank.

Interest rates charged by the bank

Credit cards offer the facility for deferred payments for which an interest is generally charged. There are two ways in which a customer can avail of this facility:

  1. Wherein the customer is unable to pay the total outstanding on his credit card and
  2. Instances where the customer makes a lump sum single amount transaction.

In the first instance the customer is just required to pay a minimum amount. Interest is charged on the balance remaining amount as well as on any further transactions taking place.

In the second instance the customer has to pay an interest rate only on the single amount he wants converted into flexible pay. No interest is charged on his other transactions if he pays them off within the due date.… Read the rest

Instant Loans – Prompt Response to Unforeseen Financial Fiasco

Loan market is flooded with loan types that cater to specific needs of loan borrowers – car loans, education loans, mortgage, home loan etc. But what if a requirement of £250 springs up and you don’t have the needful cash and neither can postpone the payment. For this specific cash constraint, there are instant loans. The word ‘instant’ is self explanatory in reference to instant loans. Instant loans are formulated to cover financial emergencies. If borrowers are looking for a source to provide them small amount of money quickly then instant loans are what they need.

Money crisis can spring up at any time. Someone in the family might fall ill and the doctor’s bill amounts to 200 pounds. Death in the family might require you to travel at some other place and bring £400 of expense. Emergency car repair can invite a bill of £250. There are so many things and so many reasons that can extend your monthly budget beyond your capacity.

Instant loans are a rather recent loan type and therefore quite isolated from traditional loans which are meant for larger amounts and require good credit history for approval. Instant loans negate all such cumbersome procedure and

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