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May 25, 2007

Student Loan Industry Moves to Keep Subsidies

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Student Loan Industry Moves to Keep Subsidies
NPR News - All Things Considered , May 24, 2007 Critics of proposals to cut subsidies to the student loan industry say that they could hurt low-income and black students the most. But at least some of the criticism seems to be orchestrated by private lending

Barack Obama s unrealistic loan program attempts to nab college
Post Online - In a telephone interview with college newspapers across the country, senator and Democratic presidential candidate Barack Obama announced his plan to eliminate all private lenders from the student loan process. This plan would save taxpayers roughly

May 22, 2007

Partners confident in opportunity for employee growth

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Partners confident in opportunity for employee growth
News-Star - Now, as partners, the pair is poised to compete for a federal contract that would make them one of the top collectors of defaulted student loans in the country. “We’re in a good position to compete for this award,” said Stagg, who said that the

Young couple has plenty of time to lighten their load of heavy debt
Nashville Tennessean - That includes $26,000 in student loans, car loans totaling $16,000, credit card obligations over $14,000 and a $3,150 loan from a grandmother. The couple also recently purchased a $136,800 home in east Nashville with zero money down. In addition, the

My big fat American gas tax
CNN Money - It could also go towards improvements in mass transit, expanded student loans or lower health insurance premiums. Lower gasoline consumption would also reduce greenhouse gas emissions, a growing concern in the face of global warming. “We still don’t

Look beyond ‘preferred lender’ status for student loans
Lansing State Journal - f you’re a high school senior headed for college this fall, you’re probably getting advice about which college to attend. People will tell you that it’s one of the most important decisions you’ll ever make. If you plan to borrow money to pay for

Ex-Gov. Warner addresses grads
Hampton Roads Daily Press - The price is not, he joked, the interest on their student loans. Rather, the price is the obligations and responsibilities they have to their communities. (Warner received his bachelor’s degree from George Washington University and a law degree from

May 14, 2007

Thank you, Thank you, Thank You

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Thank you, Thank you, Thank You
PRWeb - Loan-Tulsa.com Website Now Matches Loan Lenders to Those Seeking Car Loans, Home Loans, Payday Loans, Personal Loans and Business Loans Home Mortgage rates are at an all time low, and Car Dealers are looking to sell their inventory at Employee Prices

Capitol Crooks
US News and World Report - Wade then often sweetened the pot with fat signing bonuses and inflated titles, personal loans, or student loan payoffs. Wade usually demanded an immediate answer-it was usually a “yes”-and would then throw a binder containing MZM’s highly

Who owns Great Hunter?
Louisville Courier-Journal - Reddam, whose cashcall.com advertises unsecured personal loans, says he owns Great Hunter outright after buying him for $550,000 last June after the colt won a maiden race in Texas. Fifth Third contends that Great Hunter is part of the collateral

Banco Macro ups Q1 earnings 69% - Argentina
Business News Americas - Loans to the private sector doubled to 2.93bn pesos at end-March on the same time in 2006 fueled by personal loans, which soared 200%, Scarinci said. Scarinci said Macro expects the Argentine loan market to grow 35% in 2007 and for the bank to grow

Investment options that avoid record-high sharemarkets
Age - If you have inefficient private debt, such as credit cards or personal loans, you should use your cash to pay them off and borrow for investing. The cash previously used to pay off the private debt can now be used to pay interest only on the

Ex-lawmaker Smith ruled competent for trial
Charleston Daily Mail - They also are charged with taking large sums from the two companies to repay personal loans, finance her 2002 Senate campaign and pay off debts. While Evans said Smith is competent to stand trial, he declined to call her mentally healthy. She will

Online Press Release
PRWeb - The recognized leader in online news and press release distribution service for small and medium-sized businesses and corporate communications. PRWeb pioneered Free Press Release Distribution and continues to set the standard for online news

May 7, 2007

Redo auto loan, help budget

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Redo auto loan, help budget
Cincinnati Enquirer - You’ve forsaken digital cable, stopped eating out so much and turned the thermostat down. You’ve even refinanced your house to get the monthly mortgage payments down. But if you still need a little more money every month to get by, how about

Are Extended Warranties Warranted?
Smart Money - For an upfront fee of, say, $900 (that you could roll into your auto loan) you won’t have to reopen your wallet for the next seven years or 100,000 miles. Sounds like a pretty good deal, right? Maybe not. Extended warranties (also known as service

CHRISTINE JENNINGS:IA TIME LINE
Herald Tribune - The bank’s one big stumble came when it got more aggressive, financing thousands of car loans with auto-loan producer First Florida Financial. Many of First Florida’s customers were “sub-prime” borrowers with bad or no credit histories who would not

IMF Warns Subprime Woes May Spread, Dollar Falls
CNBC - In addition, there could be losses in other consumer credit markets, including credit card and subprime auto loan asset-backed securities, it said. “Financial supervisors need to identify the potential for spillovers from the cooling of the housing

Online Press Release
PRWeb - Dealer Program Car dealers wishing to find car sale leads can connect to customers by joining the Preferred Dealer Program on myAutoloan.com, a direct-to-customer, Internet-based auto financing marketplace that helps consumers obtain auto loan

LendingTree.com Provides the Top Ways to Save on a Car
PRWeb - Check your credit report - Your credit score is a major factor in determining what interest rate you get on an auto loan. The first thing to do is to get a copy of your credit report and look for any inaccuracies or mistakes. If you do find a

Online Press Release
PRWeb - But fewer people think to refinance their auto loan if they’re unhappy with it. - 2007-02-08 Silanis and Geneva Partners Join Forces in the UK to Present World’s Premier Electronic Signature Solution An exciting new partnership will see Silanis

Limits on loans to military
Baltimore Sun - He says he heard that service members can’t be charged more than 12 percent on an auto loan. Is it true? he asks. “If it is not, is there something out there for service members?” Officials with the Federal Depos it Insurance Corp. and the bank ing

A watchful eye
Baton Rouge Business Report - While mortgages are paid off over the course of decades, the average auto loan pays out in about 27 months. This gives lenders less exposure to interest rate risk and negates the need for adjustable rates. “Lending institutions have a pretty good

GM profit falls 90%; mortgage unit cited
Seattle Times - I think that some of the weakness in the home-mortgage market will bleed out into the auto-loan market as people start running late on car payments as they juggle funds to keep their home mortgage payments current.” The housing situation adds to the

May 5, 2007

Sharp rise in number of Scots claiming insolvency

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Sharp rise in number of Scots claiming insolvency
Herald - He said that, thanks to the ubiquitous availability of credit, record numbers had an impossible debt burden and were choosing bankruptcy or Trust Deeds to escape. Mr Henderson also urged caution on the use of consolidation loans: “Try to strike an

Curing a Credit Card Hangover
ABC News - Beware of debt consolidation loans You could also look for a debt consolidation loan, but don’t count on it. Reputable banks don’t make debt consolidation loans to people with no collateral. Crooked lenders may offer you a consolidation loan, but

Pell Grants Down, Tuition Up
Inside Higher Ed - An earlier comment suggested that consolidation loans aren t available anymore. That is not correct, borrowers are still able to consolidate their Stafford loans and take advantage of additional repayment options, usually at a better rate. Scott , at

May 3, 2007

Yield Documents, Lawmaker Tells White House

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Yield Documents, Lawmaker Tells White House
New York Times - The chairman of the House education committee asked the White House yesterday to turn over all its communications about the scandal-tarred student loan program and also Reading First, the administration s $1-billion-a-year reading initiative, which

Preemptive Strike on Student Loans
Inside Higher Ed - When a House of Representatives panel holds its much-awaited hearing today on the ever-expanding student loan investigation, the spotlight will be on the sole witness, New York Attorney General Andrew M. Cuomo, whose inquiry into the relationships

Pennsylvania’s KeystoneBEST(SM) Student Loan Program Gets Even Better
Forbes - New repayment benefit will save borrowers millions of dollars HARRISBURG, Pa., May 2 /PRNewswire-USNewswire/ — American Education Services (AES) today announced a new benefit for Pennsylvania students, families, and schools participating in the

Arcuri to speak at SUCO commencement
Daily Star - Since taking office in January, Arcuri has co-sponsored the College Student Relief Act that lowers interest rates on subsidized student loans and voted to cut student-loan rates in half and increase Pell Grants. He also has co-sponsored legislation to

College Loan Consolidation - Quick Tips for Finding Easy Payment Plans
Oswego Palladium-Times - Moving out into the real world and trying to secure a new career are hard enough without having to deal with a stack of student loan bills. According to the National Center for Education Statistics, the average college graduate leaves school with $19

Kids will reap benefits of financial education
Seattle Post Intelligencer - Just 21 percent of his peers do this, according to 2005 research by student loan provider Nellie Mae. The average balance for undergrads is about $2,000. While the method worked with barely a hiccup, there was a time when he bounced a check for a high

For many, loans for college pay off in trouble
Chicago Tribune - A national student loan survey by Nellie Mae in 2003 found that 54 percent of graduates said they wished they would have borrowed less for college. If they had known in high school what they experienced after college graduation, they would not have

Call center work rewarding, former supervisor says
Star-Press - Sallie Mae’s Muncie center is an example of an outbound call center, where employees make student loan collection calls. Many of those skeptical about the call center as a place to work cite the task of calling people who are usually not happy to hear

Student Lending Kickback Scandal Spreads To Rancho Bernardo Lender
San Diego Business Journal - The scandal involving kickbacks to college financial aid officials by student loan companies that surfaced last month has affected a second San Diego lender that specializes in providing government guaranteed student loans. College Loan Corp., based

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