Student Loan Consolidation Corporations

Most students that graduate from high school have dreams of attending college. Those dreams are becoming less of a reality with the rising costs of tuition and other educational expenses. Recently, tuition spikes have been rising faster than inflation; states are footing less of the education bill and students are left holding the bag. Nearly all students will have to take out at least one loan to cover their educational needs. Upon graduation, these students are stuck with several different loans from various lenders – each with differing terms, conditions, fees, repayment schedules, interest rates, etc. These borrowers end up drowning in a river of loan debt by the student before they realize it has started to rain. It’s difficult to prevent loan debt, but borrowers can control their educational finances by employing the use of student loan consolidation corporations.

Two Types of Student Loans

Generally speaking, there are two types of student loans: federal and private loans. Federal student loans are issued by the US Treasury and are controlled by mandates issued by the US Congress. Until recently, this loans could be merged using any student loan consolidation corporation, but no longer. Federal loans may only be combined with other types of federal loans and may only do so using the federal consolidation programs.

Private student loans are a little more flexible in regards to the consolidation process. Regardless of the issuing company, private loans may be combined with nearly any other type of private student loan. Using a student loan consolidation corporation will allow all the individual loans from each to lender to be merged under on lender.

How do Student Loan Consolidation Corporations Work?

All consolidation programs differ according to lender, but there are some rudimentary guidelines that most companies follow. Basically what happens is a borrower contacts a consolidation company to express interest in receiving its services. Once the borrower consults with loan specialist, he decides which loans he wants to merge and begins the paperwork. If the consolidation corporation approves the borrower’s application, the company will then purchase the loans for the student from the current lenders and close those accounts. A new account will then be issued by the purchasing consolidation corporation and the amounts of the previous loans are combined under one loan with a single set of terms and conditions.

What Services do Consolidation Corporations Provide?

Student loan consolidation corporations usually provide more services than to just private loan borrowers. Certain consolidation companies also provide services related to personal and business banking, investment opportunities, retirement plans, general credit issuance, and insurance needs. Having multiple accounts with one company often has incentives such as relationship and automatic payment discounts. Having a trusted business relationship with a reputable company is something of which many borrowers dream. Loyal customers with repeat business ventures often receive special rates and incentives to remain with their chosen financial corporation. If a borrower elects to have any special financial services, he is smart to consider holding all his accounts within one lender.

Student loan consolidation corporations offer a myriad of amenities to help borrowers control their private educational loans and manage their personal finances. Regardless of the type or number of loans an individual has, most borrowers will benefit from the services provided by these lenders.

Top Budget and Personal Finance Apps

Let’s face it, there are some extreme couponers, thrifters, and smart consumers out there always trying to save money and get the best deals. With budgets that much more tight in these tough economic times, it’s okay to get a little help from none other than our smartphone apps. I mean, why not, right? We have our smartphones with us nearly every minute of the day, so this kind of smart budgeting is accessible to anyone. Keep track of your monthly spending, set limits on each category of goodies you purchase, save money, and look up investment ideas and accounts has never been easier. Read on to see how you can always control and be on top of your personal finances. We’ll reveal the top budgeting and smart spending apps for you thrifty shoppers out there!

For one, there are so many budget tracking apps out there, but a really useful one would come with a budget tracker tool that will allow you to view your yearly, monthly, weekly, and daily purchases. You can further categorize them and see visually and through charts and notifications how much you spend exactly in each category. There is also a rollover option for you to transfer leftover funds from previous months or weeks to roll over and won’t mess up your budgeting. Of course, you can always opt out of this option and have a set number of expenses every month.

Another useful app gives you control to add new transactions over your allotted sum of money and spending finances. Pre-setting an overall budget for the entire month, and thereby deducing every time you make a purchase gives you instant updates on the money you have and the money you are losing. These transactions are totally customizable. Currency converters may also be useful if you plan on spending your money in a foreign country. We all get carried away when we travel, but this app makes it easy to stay focused on the budget, even when you’re not familiar with the currency exchange.

Another great app gives you total control over importing your finances onto your phone from an external memory device – your laptop, desktop, or anything with wireless. You can also set a password to manage your personal finances with utmost privacy. Charts and graphs give you short and easy to read summaries of your account activity. You can share these things in the form of PDF, Excel spreadsheet, or import to Google Documents in order to share with your family, business collegiate, execs, or co-workers.

If you are comfortable, some apps may even connect directly to your bank account and give you automatic categorized notifications of your spending. It will constantly update your spending profile and read instant in depth overviews. Any suspicious activity will be announced. Budget tracking is that easy!

In fact, budget tracking has made it easier to keep track of your credit scores, and credit score reports. Why not try to improve your credit score while you are managing your personal finances? If you use the right app, your personal finances will be in a much better place.

5 Best Android Tablet Finance Apps

For Android tablets, the common reason for buying them may be for entertainment and leisure. Did you know that Android tablets are also proven useful in the financial world? Android has offered so many finance apps in the market which are very much relevant and useful to your every day financial needs. Whether you want the latest finance news or you need to make monetary computations, finance-related Android apps have got it all for you. Here is a list of the five best Android finance apps in the market:

1. Finance

Ever wanted to have a personal financial planner but you just can’t afford to pay for one? Simply called Finance, Android has come up with a powerful app which strips you of the need to hire a personal planner. Finance is an app which is capable of providing you with the most recent updates about the stock market. The best feature of this app is that it provides you with stock quotes which are very much reliable because they are quoted real-time. This app also syncs well with your stock portfolios which are loaded in Google Finance.

2. Real Estate Droid

If it is your dream to be a real-estate businessman someday or to be a licensed real estate broker, then this finance app is the best deal for you. Real Estate Droid comes with features which can, for one, search houses for sale. Once you find a catch, you can search information about its neighborhood with real-time updates. With this app, you can also check out mortgage quotes made by real lenders and compute for mortgage loans. You can always take advantage of the built-in loan calculator.

3. Financisto

Financisto is a finance app that is very much capable of doing many things. For one, it lets you add multiple types of bank accounts and even a multiple number of accounts per type. This means that you can add checking and savings accounts together into your file manager. For both types, you can add more than one account. With Financisto, you can also monitor which among your payments are recurring. Once you see the pattern, you can schedule them to make sure you don’t lag with your payments. This app can also help you create either a short-term or long-term budget.

4. Karl’s Mortgage Calculator

If Real Estate Droid is not enough for your mortgage needs, then you can always opt for a more specialized finance app, which is Karl’s Mortgage Calculator. By using this app, you can calculate how much mortgage you should be paying in the future and you can even visually see the results with its easy-to-read charts and graphs. This app can help you compute for your future payments, given the principal loan amounts, interest rate and terms. Karl’s Mortgage Calculator, however, is limited to supporting interest-only amortization and Canadian computations.

5. PayPal

Almost everybody knows of PayPal now. With the PayPal Android app offered in the market, you can do all things you normally do on your PayPal account. The bonus point here is that apart from being able to pay an item, you can also help hasten its delivery process. So, if you’re dying to take hold of that most recent Victoria Secret scent, then you don’t have to wait for the normal number of shipping days just to have it. You can always make it two or three days earlier with this app. With PayPal app at your reach, you can always access your PayPal account anytime you want.

Student Loan Consolidation

Student loans are one of the necessities for college students these days. It doesn’t seem to matter how much a person saves up, what kind of scholarships they get, in the end most college students have at least one student loan if not three or four for a four year education program. Student loans allow college students to borrow money for education purposes whether it is just for tuition and books or for the entire college expenses they will incur. At the end of four, six or more years the time to pay these borrowed amounts back arrives. Generally you are given six months before the repayment will begin as the loans are looking to see that you have a sound job and that you are truly done with school. If you have deferred the loans before you will see them enter repayment status within a month or two. So when you have several loans you also have the option of student loan consolidation. There are several companies out their including one called the Student Loan Consolidation company. These companies are designed to help you combine all of your loans into one low monthly payment and lock in an interest rate.

If you are interested in student loan consolidation there are a few things you should know. Federal student loans can be consolidated through the borrower. In other words if you have loans through Student Loan Finance Corporation, which is a federal Stafford loan, you can consolidate all of those loans into one monthly payment with a great interest rate.

Other companies like the Student Loan Consolidation Company may try and get all of your student loans consolidated with them, but you have to be aware of the interest rate. The government loans are always going to offer a better interest rate than privately funded companies with student loans. This means that when you are consolidating your student loans you want the best interest rate you can have rather than combining everything together for one interest rate. If you just have private student loans consolidating them all together is a great thing. You will have one loan company to pay to and you can have one interest rate. Again you may want to shop around for a student loan consolidation plan that will work best for you. If you can find a fixed interest rate for the life of the loan through consolidation and automatic payments you will want to take that deal as long as the interest rate is in line.

What you don’t want to do is seek a loan company that may be found on the internet or calls you up without you giving them the information. There are reputable student loan consolidation companies; however with the good also, comes the ones that just want your business and the fine print is really scary. It is best to research a few companies from the internet, asking others in the same situation, and of course choosing the best deal even with the fine print.

Be Prepared for the Problems in Used Car Financing With Solutions Before You Start

Financing properly is more important in financing a used car than when buying a new car. Most problems that occur in buying a used car are due to there being a problem connected with the financing. Getting the used car financing worked out properly is the key to a successful used car purchase.

Most buyers aren’t aware of how important the paper work is to making the deal a successful one or a failure. They view it as paperwork that should be completed as quickly as possible so they can drive away in their new car.

To start with, it’s very important to get the deal agreed upon by the salesman to be put in writing in the contract. This often involves determining monthly auto loan payments based on an interest rate. Sometimes, the interest rate a customer qualifies for is inflated so the dealership can make extra profit.

This headache can easily be avoided by obtaining independent vehicle financing before going to the dealership. This means the consumer can proceed as a “cash buyer” and negotiate only the price of the car. Car salesmen prefer customers to be “monthly payment” buyers because, in this way, it is easier to obscure the total cost of the vehicle.

Independent car financing can be obtained from a bank, credit union or on-line lender. With the popularity of the internet, applying for used car refinance is proving to be simple and very easy to do. Many on line lenders respond very quickly – sometimes as short as 15 minutes by email or telephone. If the application is approved, the borrower is given a credit limit at an established interest rate. Sometimes a blank bank check is issued with no obligation to use it.

“For the majority of consumers, even if you know you have good credit, there is a little apprehension and tension around applying,” one lender said. “So instead of going into a dealership and giving them your information and being sent to the coffee machine to wait for an answer, you can apply on-line, 24/7.”

Most people familiar with how used car dealerships operate confirm that obtaining independent car financing is beneficial to most consumers. .

The most common problems that have a negative impact on a person trying to finance a used car –and their solutions – to ensure that things go smoothly are the following:

Problem #1: Many consumers don’t know what their credit rating is when they apply for an auto loan. The strength of their credit score largely determines what kind of interest rate they will receive. Therefore, it’s critical to make sure your credit report is in the best shape possible before shopping for a car.

SOLUTION: Order a copy of your credit report and look for items that may stand in the way of you getting a good rate. Correct any issues or errors promptly. Are all of your lines of credit in good standing? Are there any signs of identity theft? The credit bureaus will tell you how to correct errors when they send you the report. The following numbers and Web site addresses will assist you in checking your credit.