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December 15, 2005

Editorial: Shoring up student loans

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Editorial: Shoring up student loans
Las Vegas Sun - Lockhart never graduated, never subsequently landed steady employment and never paid back the loans. Heart problems and diabetes had befallen him by 1999, saddling him with enormous bills for medications. Editorial: Shoring up student loans Decision will help keep this popular federal program secure for colleges with $80,000 in federal student loans. Lockhart never graduated, never

Group Holds Prayer Vigil On Federal Budget
The Iowa Channel - DES MOINES, Iowa — Local activists are calling on the U.S. they fear proposed cuts in Medicaid, food stamps and student loans.They believe the wealthy will benefit and those who

GOP wants student-loan funding cut
KTVB.com - more ambitious savings $14.3 billion over five years from student loans. The proposal doesn’t call for any cutback to 5.9 million. Unlike student loans, Pell Grants do not have to

Supreme Court: Unpaid student loans can be withheld from Social Security
Pittsburgh Post-Gazette - Thursday, December 08, 2005 WASHINGTON — Retirees and other Social Security recipients who still haven’t paid off their college loans may find that some of that debt is being deducted from their monthly checks. government acted unlawfully in trying to recover $87,000 in federally insured student loans he took out in the 1980s

Owe Student Loans? Court Says Feds Can Take Social Security
16 WAPT - The Supreme Court ruled Wednesday that the government can seize Social Security benefits to pay old student loans. Student LoansBush Administration Says Outstanding Student Loans Total $33 BillionPOSTED: 10:29

Justices Agree Benefits May Be Cut to Cover College Debts
New York Times - Filed at 12:23 p.m. ETWASHINGTON (AP) — The Supreme Court ruled unanimously Wednesday that the government can seize a person’s Social Security benefits to pay old student loans. to seek repayment on defaulted student loans by seizing payments, including Social

Payback time: Stay on top of student loans
East Valley Tribune - By MADLEN READ Student loans: Stay on top of ‘em. ( AP Art) Mismanaging your student loans is so 2004. Avoiding these five financial faux pas can keep you from flushing money down the drain. 1. DON’T stretch it.

Court: Disabled Can’t Escape Student Loans
AP via New York Post - WASHINGTON (AP) — America’s seniors and disabled cannot escape debts from old student loans, the Supreme Court ruled Wednesday, freeing the government to pursue Social Security benefits as part of an effort to collect billions in delinquent loans. right to seek repayment on defaulted student loans by seizing Social Security

December 14, 2005

Credit report navy federal credit union, business opportunities loan calculator. 

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Credit report navy federal credit union, business opportunities loan calculator. 
Algeria Interface - Nov 15 10:52 PM
Credit report navy federal credit union, business opportunities loan calculator.Save to My Web

Fitch Rates SLM Student Loan Trust 2005-9 Issue 
FinanzNachrichten - Nov 15 9:38 AM
:: Fitch Rates SLM Student Loan Trust 2005-9 Issue:: Fitch rates the following notes issued by SLM Student Loan Trust 2005-9: — $233,000,000 class A-1 floating-rate student loan-backed notes, ‘AAA’; — $446,000,000 …Save to My Web

YourLendingSources.com Unveils it’s Own Online Newswire Focused on Mortgage-Related Articles and Press Releases 
[Press Release] PR Web - Dec 10 12:14 AM
YourLendingSources.com, a Sacramento, California-based company specializing in connecting borrowers to mortgage brokers for home purchase, refinance and debt consolidation loans, has unveiled it’;s own mortgage newswire web site (HomeLoanMortgageNews.com) focused on providing informative industry-related articles and press releases. [PRWEB Dec 10, 2005]Save to My Web

Dangers of debt consolidation 
Bankrate.com - Nov 25 4:27 AM
It sounds tempting to consumers in debt: Take out one big loan to consolidate various balances into one, easier-to-handle and less-costly package. But be careful of what looks to be a quick fix.Save to My Web

New Day Trust Mortgage Finds Ways to Give Back This Holiday Season 
[Press Release] PR Web via Yahoo! News - Dec 07 4:00 AM
Irvine, CA(PRWEB) December 7, 2005 — New Day Trust Mortgage, an Irvine-based mortgage brokerage firm specializing in home purchasing, refinance and debt consolidation loans has teamed up with the U.Save to My Web

Thomforde urges opposition to proposed cuts in student aid 
St. Olaf news - 34 minutes ago
In an open letter to the St. Olaf community, President Christopher Thomforde addressed the recently proposed cuts to federal student aid, noting the potential impact they could have at St. Olaf. “If passed into law, many of our students will be affected by these cuts, especially students who rely on federally supported student loans to pay for their education.”Save to My Web

EU energy trade has serious faults 

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EU energy trade has serious faults 
India Daily - Nov 15 7:29 AM
The European Commission has discovered serious problems in the functioning of Europe’s energy markets and threatened action against any companies found to be acting in an anti-competitive manner.Save to My Web

New Fed chairman favours inflation targeting 
India Daily - Nov 15 9:28 PM
India to repay old debts to Russia Special Correspondent Moscow and Delhi have reached an agreement on the problem of 2bn-dollar Indian debt…. READ MORE>>Save to My Web

Gold targets $500/oz as trade remains bullish 
India Daily - Nov 18 7:27 AM
The metals markets were bullish on Friday as both gold and copper gained on speculative buying and broke their earlier long-term highs reached on Thursday.Save to My Web

Consumer Loan And Savings Rates 
San Jose Mercury News - Dec 10 3:43 AM
A sampling of financial institutions was asked to quote the most recent lowest annual percentage rates they would charge a new loan customer with an annual income from $30,000 to $35,000 and good credit standing. Qualifications for borrowing and finance charges vary among institutions. Rates may differ from branch to branch. Some institutions provide lower rates to existing customers.Save to My Web

New Cars Get Pricier 
Smart Money - Nov 29 2:14 PM
Consumers are paying more than ever for cars. Here are seven ways to avoid sticker shock.Save to My Web

Hedge fund presses McDonalds 
India Daily - Nov 16 7:00 AM
Pershing Capital, a hedge fund pushing for a sweeping restructuring of McDonalds, on Tuesday warned the fast food company that we are not the most patient people in the world as it pledged to submit a revised proposal within weeks.Save to My Web

December 13, 2005

GMAC to sell $20 billion in auto loans

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GMAC to sell $20 billion in auto loans
San Jose Mercury News,  USA - Dec 5, 2005 DETROIT - General Motors Corp.'s GMAC financial services unit said Monday it has agreed to sell up to $20 billion in US auto loans to Scotia Capital, the

Money News For Dec. 6
KOMO, WA - Dec 6, 2005 GMAC, the financial services unit of General Motors, has agreed to sell up to $20 billion in US auto loans to the corporate and investment banking arm of The

(AFX UK Focus) 2005-12-08 15:25 GMT: London shares lower midafternoon as sombre Wall St adds to weak banking sector 

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(AFX UK Focus) 2005-12-08 15:25 GMT: London shares lower midafternoon as sombre Wall St adds to weak banking sector 
Interactive Investor - Dec 08 7:50 AM
LONDON (AFX) - Leading shares remained lower in midafternoon deals as a negative start on Wall Street added to an already weak financial sector following an uninspiring trading update from Royal Bank of Scotland, dealers said.Save to My Web

Bruning to impanel grand jury in Hergert case 
Lincoln Journal Star - Dec 12 10:16 AM
A grand jury will be convened to further investigate potential criminal violations related to the campaign last year by University of Nebraska Regent Dave Hergert, Attorney General Jon Bruning said Monday.Save to My Web

Muslim party ready to talk to US 
Herald Sun - Dec 09 10:17 AM
EGYPT’S Muslim Brothers, who control one in five parliamentary seats after spectacular gains in recent polls, say they are ready to break a long-standing taboo and engage in contacts with Washington.Save to My Web

December 12, 2005

Supreme Court sides with government in delinquent loans case 

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Supreme Court sides with government in delinquent loans case 
Omaha World-Herald - Dec 07 7:48 AM
The Supreme Court rules that the government can seize a person’s Social Security benefits to pay old student loans. The Omaha World-Herald story you have requested is available only to registered members.Save to My Web

Knowing where they stand 
Baltimore Sun - Dec 11 4:46 AM
For a financial turnaround, family should get facts of the situation If the McCue family were a corporation, it would need a turnaround artist. Save to My Web

Send college applications soon 
The Olympian - Dec 11 9:07 AM
Between homework, final exams and almost daily cheerleading practices and performances, it’s been tough for Brianne Boyd to find time to apply for college.Save to My Web

Social Security not off-limits for debt, Supreme Court rules 
Seattle Times - Dec 08 12:16 AM
America’s seniors and disabled people cannot escape debts from old student loans, the Supreme Court ruled Wednesday in a case involving…Save to My Web

Supreme Court says Social Security can pay off student loans 
Daily Vidette - Dec 07 8:52 PM
WASHINGTON, D.C. (AP) - America’s seniors and disabled cannot escape debts from old student loans, the Supreme Court ruled Wednesday, freeing the government to pursue Social Security benefits as part of an effort to collect billions in delinquent loans. The Bush administration had argued that the ability to withhold Social Security benefits is an important tool in the pursuit of $5.7 billion in Save to My Web

Limit cost hike for college loans. 
Wisconsin State Journal - Dec 12 7:48 AM
Educating the next generation is the smartest investment the United States can make to maintain its standard of living and leadership position in the world.Save to My Web

Senior citizens must pay back student loans 
Houston Chronicle - Dec 07 10:58 PM
WASHINGTON - America’s seniors and disabled cannot escape old student loan debts, the Supreme Court ruled Wednesday, freeing the government to pursue Social Security benefits as part of an effort to collect billions in delinquent loans. Save to My Web

Student-loan hike may help lenders 
Northwest Herald - Dec 10 12:28 AM
Congress might force the U.S. government to raise fees on loans it makes to students, benefiting private lenders such as SLM Corp. and Citigroup Inc. that compete with the less-costly federal program.Save to My Web

What to Do Next 
The Motley Fool via Yahoo! News - Dec 08 12:02 PM
Dear Dayana: I have no idea what my financial picture looks like, other than I’m in the bottom half of the income curve. I’m really worried that I’m doing the wrong things with the little that I have.Save to My Web

Interest rate refinancing on student loans overlooked

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Interest rate refinancing on student loans overlooked
Arizona Daily Sun, AZ - Dec 5, 2005 At the same time, the government shields lenders from bad student loans by denying borrowers the right to write them off by declaring bankruptcy. The Nov.

AES Extends Innovative Relationship with Upromise; Exclusive AES
Yahoo! News (press release) - Dec 8, 2005 today that it is extending its exclusive relationship with Upromise, allowing borrowers to continue repaying their AES-serviced student loans faster via

Ruling allows seizure of Social Security to repay loans
The UCLA Daily Bruin, CA - Dec 8, 2005 Justice Sandra Day O'Connor upheld a 1996 federal law that states the federal government can seize payments in order to repay student loans that are older

The Real Price of Student Loans
AACRAO Transcript, DC - Nov 9, 2005 Business Week reports that today many 30-year-olds are enduring financial burdens from their student loans that are often putting their dreams on hold.

National exposes 'loophole' in interest-free student loans
Radio New Zealand, New Zealand - Nov 22, 2005 National has exposed a loophole it says could see people exploiting Labour's new interest-free student loans. In Parliament, National's

Most student loans less than $200,000
News.gov.hk, Hong Kong - Nov 16, 2005 Few borrowers seek large loans under the Student Financial Assistance Agency's schemes, Secretary for Education & Manpower Professor Arthur Li says, adding an

Banks stiff on student loans
Indian Express, India - Nov 23, 2005 crore. In the first quarter of this year alone, 42,797 fresh student loans amounting to Rs 733.68 crore were sanctioned by 27 PSBs.

Gov t wants loans repaid
Central Michican Life, MI - 2 hours ago A United States Supreme Court s ruling makes it easier for the federal government to collect the more than $7 million owed from delinquent student loans.

Consolidate Student Loans to Protect Against Future Rate Increases
PR Web (press release), WA - Dec 7, 2005 Two potential developments in student loans are being eyed by college graduates across the United States as 2005 winds down — Congressional legislation that

Cuts to student loans harm access to education
Albany Times Union, NY - Dec 4, 2005 Earlier in November, when the House voted 217-215 to cut funding for the student loan programs by $14.3 billion, two New York Republicans — US Reps.

December 11, 2005

Accepted.co.uk Searches Homeowner Loans from Multiple Institutions

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Accepted.co.uk Searches Homeowner Loans from Multiple Institutions
PR Leap - Secondly, Accepted.co.uk searches 100 different personal loan plans offered by 12 of the leading finance house

ECB poised to raise interest rates across euro zone
eircom net - Interest rates are set to rise across Europe from today. The move coincides with evidence that Irish people now owe a total of 247 billion. will prompt Irish banks to raise mortgage and personal loan rates. The expected rate increases have prompted strong

You lost
hellopeter.com - Gone DATE SUBMITTED 8 Dec 2005 THE INCIDENT I needed a personal loan and I was even honest to mention it will be for

Use line of credit, home equity loan to pay off costly timeshare
Indianapolis Star - IndyStar.com Business December 3, 2005 Real Estate Q&A: Ilyce R. own home, you need to look into taking out a personal loan. Unfortunately, I think you wouldn’t do much better interest

Don’t fall for Xmas loan tricks
This Is Money - The average PPI policy on a personal loan generates income in year one equivalent to about 6% of the loan

‘Tis the season to be canny
Telegraph - E-POLL Do you think Sainsbury’s is a better place to shop than a year ago? people will be tempted to take out a personal loan to meet the cost of Christmas, but, warns people will take out a personal loan to help tide them over

Copper volatile as China rumours swirl 

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Copper volatile as China rumours swirl 
India Daily - Nov 16 2:42 PM
The copper market remained nervous and volatile on Wednesday as rumours continued to circulate. Three-month copper prices swung in a $100 range, ending near record highs as speculation on Chinas State Reserve Bureaus plans to buy copper continued.Save to My Web

December 10, 2005

Consumer borrowing down by $7.2B in Oct

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Consumer borrowing down by $7.2B in Oct
AP via Seattle Post Intelligencer - WASHINGTON — Consumer borrowing plunged at a record annual rate of $7.2 billion in October, reflecting a big drop in auto loans. in the category that includes auto loans, the biggest percentage drop in

Record decline in auto loans
SGV Tribune - The Federal Reserve reported Wednesday that the decline was the biggest amount ever in dollar terms, and included a record drop of $5.6 billion rate of decline in the category that includes car loans. 15 years, and a decline of 4.9 percent in the category that includes auto loans, the biggest percentage drop in 13 years

Consumer Borrowing Takes Record Plunge
New Mexico Channel - By Record AmountAnalysts Had Predicted Increase In Consumer SpendingWASHINGTON — Consumer borrowing plunged in October by a record amount in dollar terms, reflecting a big drop in demand for auto loans. rate, in the category that includes auto loans. The declines were a

E-Loan charts a new path offline
SiliconValley.com - which originates $5 billion in mortgage, home-equity and auto loans annually. Q Was it a necessity to sell E-Loan at

Consumer borrowing shows big Oct. drop
Kentucky Post - in October, reflecting a big drop in auto loans.The Federal Reserve reported Wednesday that the decline in the category that includes auto loans, the biggest percentage drop in

Auto loans sold to Nova Scotia
Casa Grande Valley Newspaper - DETROIT (AP) - General Motors Corp.’s GMAC financial services unit said Monday it has agreed to sell up to $20 billion in U.S. auto loans to Scotia Capital, the corporate and investment banking arm of The Bank of Nova Scotia.

GMAC to sell $20B in auto loans
SignOn San Diego - By Dee-Ann Durbin ASSOCIATED PRESS 1:56 p.m. December 5, 2005 DETROIT General Motors Corp.’s GMAC financial services unit said Monday it has agreed to sell up to $20 billion in U.S. up to $20 billion in U.S. auto loans to Scotia Capital, the corporate and investment banking arm pay a premium to obtain auto loans because of their higher-than

Consumer borrowing plunged in October
MSNBC - Business WASHINGTON - Consumer borrowing plunged in October by a record amount, reflecting a big drop in auto loans.The Federal Reserve reported Wednesday that Americans’ borrowing fell by $7.2 in the category that includes auto loans, the biggest percentage drop in

Oct Debt
CardTrak - Revolving consumer credit dipped below the $800 billion mark in October, falling 2.4% on an annual basis. after rising in September, driven by low demand for auto loans. During October, consumers cut-off $1.6 billion in

Wall Street rally loses luster
Chicago Sun-Times - NEW YORK — Stocks fell moderately Wednesday as investors found little reason to extend a year-end buying spree. 7.2 billion in October, reflecting a big drop in auto loans. The Fed said the decline was the in the category that includes auto loans, the biggest percentage drop in

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