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All Posts Tagged Tag: ‘Loans’

Payday Loans Could Be Changing Soon

If you have ever had to use a payday loan to get you from one week to the next, you know how stressful it can be to worry about fees and interest. Although payday loans were designed to be helpful, many people have a hard time paying them back and often suffer from credit problems as a result. A recent …

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Rewards Programs: Grads Do Good While Making Good On Debt

Typically, a rewards program is about “getting back what you give”. You might hear “loyalty program” and immediately think of forking over your credit card anyplace from the airport kiosk to a retail queue. Indeed, there’s much to be said for stretching our hard earned money as far as we humanly can when we dole it out – whether it’s …

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FAFSA Student Aid Application Is Here

It is that time of year again for college students that are seeking financial assistance…time to fill out your FAFSA. For those of you who do not know what the FAFSA is, it is a Free Application for Federal Student Aid. FAFSA is part of the U.S. Department of education and is one of the largest providers of financial aid …

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Student Loans- Being Smart About Your Credit

If you are planning to go to college, a student loan may be inevitable. While many students are able to get scholarships or can afford to pay for college on their own, this is not the case for many. There are many horror stories about student loans ruining credit or keeping the borrower in debt for most of their life, …

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Wendy Davis Says Official Should Resign for Lending Views

On Monday, State Sen. Wendy Davis suggested to Gov. Rick Perry the resignation of William J. White, chairman of the Texas Finance Commission. White was appointed by Gov. Perry in 2011 to chair the Office of the Consumer Credit Commissioner, an agency built on the bases of protecting loan borrowers from the rapacious and faulty practices of lenders. Oddly enough, White …

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Occupy Wall Street Buys Debt at 50-1, Abolishes It

Reuters and the Guardian both report one of Occupy Wall Street’s spinoff groups, the Rolling Jubilee Project, announcing this week that they have successfully bought $14.7 million in healthcare debt accumulated by Americans for roughly $400,000. Rolling Jubilee was set up by the OWS debt group Strike Debt! after the widespread financial protests in 2011. Andrew Ross, a member of …

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Student Loans With Fixed Rates Could Help Lenders

The Fitch Group announced this week that it believes fixed-rate private student loans just might be the answer to kick-starting the loan industry. The company, though, does temper this advice with the warning that competition from variable-rate private loans and fixed-rate government loans could be a stumbling block. The Fitch Group is one of the “big three” credit rating agencies …

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Payday Loans Reform : ZestCash by Ex CIO Merrill Helps Americans

Did you know that high interest loans, like payday loans are typically doing more harm than good for American Borrowers? Many of these loans have annual percentage rates equivalent to 350% ! Low income families who don’t meet requirements for a conventionally backed bank loan or home equity line of credit are forced to take these loans when crisis arise. …

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