Graduation Debt: How to Manage Student Loans and Live Your Life (CliffsNotes)
Graduation Debt: How to Manage Student Loans and Live Your Life (CliffsNotes)
Graduation Debtis different from the competition because it provides a step-by-step road map for effectively managing student loan debt and having a successful financial life. Yet, it’s completely positive. The focus is less on sacrifice and more on not wasting money, so readers can live better lives while paying off debt.
The book’s content is divided into small subsections geared toward those neck-deep in student debt. The brevity of each section makes the book digestible to those who aren’t inclined to focus on their finances. Readers are encouraged to take action steps such as finding long lost student loans that may have gone into default, discovering payment plans they can afford, consolidating loans when it makes sense to do so, saving money on eating out and groceries, improving credit scores, tweaking their debt-to-income ratios that’s needed to buy a home, discussing their student loan and non-student loan debt with their significant others.
By the end of the book readers will be on the road to managing all their debt and having extra money for vacations and other fun stuff, too.
How to Miss Student Loan Payments Without Hurting Your Credit
Amazon-exclusive content from the author
Worried your credit will take a nose dive if you miss federal student loan payments? Your credit won’t be dinged if you call your loan servicer and qualify for a temporary payment reprieve.
What steps do you need to get approval for an excused absence from making payments?
1. Write down your monthly expenses and your monthly income on a piece of paper. Your loan servicer is going to want to know why you need a break from student loan payments.
2. Peruse the Department of Education’s or your servicer’s Web site to see if there are special reasons you might qualify for a payment break such as military service or you’re returning to school. You’ll find the words forbearance and deferment. These are the terms used for an approved temporary break from payment. The difference between the two is that in deferment the government will pay the interest charged until your deferment expires.
3. Write down circumstances that apply to you that you found on the same piece of paper as your finances.
4. Find the contact information for all your student loans. If you don’t have your paperwork for all your loan servicers, contact the department of Education or pull up your loan list by logging in to the National Student Loan Data System Web site.
5. Click on each loan that shows a balance in the Outstanding Principal column. Scroll down to the contact chart and write down the name of your servicer and the contact number. Repeat for each loan on which you still have a balance.
6. When you call each of your servicers, tell them you need either a deferment or forbearance. Then tell them your circumstances as to why you need a payment break. There may be a brand new type of forbearance or deferment that may work better for you.
7. Don’t accept more time than the maximum you could need at once, especially if you qualify for forbearance instead of a deferment. Why? Your interest still accrues if you are granted forbearance. For example, let’s say you have ,000 in student debt at a rate of 5 percent. You decide to take a six-month payment break. Six months later, your loan has grown to ,500 because of accrued interest and no payments made.
8. Fill out any necessary paperwork asked for by your servicer (s). Wait a week after you submit paperwork to call and verify paperwork has been received.
9. To protect your credit, wait to stop making payments until you’ve received a notice in writing from each servicer with the exact date your deferment or forbearance will begin and end. Call each servicer to verify this date and the date you should start making payments when your deferment or forbearance ends.
10. Keep your loan information in a folder in a place where you will be able to easily find the information later.
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Categories: Loan Products Tags: CliffsNotes, Debt, Graduation, life, live, loans, Manage, Student
No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money
No Cash No Fear: Entrepreneurial Secrets to Starting Any Business with No Money
- ISBN13: 9780471415329
- Condition: New
- Notes: BRAND NEW FROM PUBLISHER! 100% Satisfaction Guarantee. Tracking provided on most orders. Buy with Confidence! Millions of books sold!
If you’ve got big ideas and little or no cash–congratulations!
You’re just the person Terry Allen speaks to in No Cash, No Fear–a powerful guide to start-up success bursting with invaluable lessons for the aspiring or struggling entrepreneur. Allen, who has started more than 20 businesses in his long and illustrious career, reveals exactly how he did it with none or very little of his own money–and how you can, too! He gives you his foolproof strategies for obtaining cash from a variety of surprisingly accessible sources. You’ll discover ways to sell your product before it even exists and how to get someone to give you million to invest (and a Rolls Royce to boot)! Allen also reveals:
* The four ingredients you need to cook up a business
* Why being short of cash should never be a problem
* How to start a business with ,000 and make ,000 profit in the first week
* Why you don’t need a business degree to be successful
* Four commandments for running a solid, profitable company
“I love this book.”–Andrew Tobias, author of the million-copy bestselling classic, The Only Investment Guide You Will Ever Need
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Categories: Loan Products Tags: Business, cash, Entrepreneurial, Fear, money, Secrets, Starting
How To Buy A Home Using A Va Loan: What Every Home Buyer Should Know
How To Buy A Home Using A Va Loan: What Every Home Buyer Should Know
Almost everybody has a dream home. A place they like to stroll through in their thoughts, choosing make-believe paint colors for the walls and putting pretend curtains up. But for too many people, dream homes remain just that-dreams, but it doesn’t have to be like that at all. The dreams of owning a home has become a reality for millions of Americans by using VA loans to help purchase their home. Our eBook, “How to Buy a Home Using a VA Loan,” contains valuable educational information, tips, techniques and guidelines for buying a home using a VA Loan. This eBook describes the tools and techniques that will teach you how to prepare, qualify and purchase your home successfully using a VA Loan. This eBook includes plenty of examples, guidelines and instructions to make buying your home with a VA Loan a smooth, easy and quick process.
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Save Karyn: One Shopaholic’s Journey to Debt and Back
Save Karyn: One Shopaholic’s Journey to Debt and Back
Drowning in ,000 of credit card debt, shopaholic Karyn Bosnak asked strangers for money online — and it worked!
What would you do if you owed ,000? Would you: A) not tell your parents? B) start your own website that asked for money without apology? or C) stop coloring your hair, getting pedicures, and buying Gucci? If you were Karyn Bosnak, you’d do all three.
Karyn started a funny yet honest website, www.savekaryn.com, on which she asked for donations to help her get out of debt. Karyn received e-mails from people all over the world, either confessing their own debt-ridden lives, or criticizing hers. But after four months of Internet panhandling and selling her prized possessions on eBay, her debt was gone!
In Save Karyn: One Shopaholic’s Journey to Debt and Back, Karyn details the bumpy road her financial — and personal — life has traveled to get her where she is today: happy, grateful, and completely debt-free. In this charming cautionary tale, Karyn chronicles her glamorous rise, her embarrassing fall, and how the kindness of strangers in cyberia really can make a difference.
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Categories: Loan Products Tags: Back, Debt, Journey, Karyn, Save, Shopaholic's
Consumer Credit in the United States: A Sociological Perspective from the 19th Century to the Present
Consumer Credit in the United States: A Sociological Perspective from the 19th Century to the Present
It is commonly imagined that in recent years the rampant growth of consumer credit has lured American consumers into a crippling state of indebtedness, a state that has upended old cultural values of Puritan thrift and stimulated a frenzy of consumption. Drawing on the sociological concept of ‘government’ and informed by a historical perspective, Marron presents a much more complex and nuanced reality. From its early antecedents in nineteenth century salary lending and instalment selling, she shows how the emergence and growth of consumer credit in the United States have always been subject to shifting regimes of control and regulation.
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Categories: Loan Products Tags: 19th, Century, Consumer, Credit, from, Perspective, Present, Sociological, states, United
Fair Lending Compliance: Intelligence and Implications for Credit Risk Management (Wiley and SAS Business Series) Reviews
Fair Lending Compliance: Intelligence and Implications for Credit Risk Management (Wiley and SAS Business Series)
Praise for
Fair Lending ComplianceIntelligence and Implications for Credit Risk Management
“Brilliant and informative. An in-depth look at innovative approaches to credit risk management written by industry practitioners. This publication will serve as an essential reference text for those who wish to make credit accessible to underserved consumers. It is comprehensive and clearly written.”
–The Honorable Rodney E. Hood
“Abrahams and Zhang’s timely treatise is a must-read for all those interested in the critical role of credit in the economy. They ably explore the intersection of credit access and credit risk, suggesting a hybrid approach of human judgment and computer models as the necessary path to balanced and fair lending. In an environment of rapidly changing consumer demographics, as well as regulatory reform initiatives, this book suggests new analytical models by which to provide credit to ensure compliance and to manage enterprise risk.”
–Frank A. Hirsch Jr., Nelson Mullins Riley & Scarborough LLP Financial Services Attorney and former general counsel for Centura Banks, Inc.
“This book tackles head on the market failures that our current risk management systems need to address. Not only do Abrahams and Zhang adeptly articulate why we can and should improve our systems, they provide the analytic evidence, and the steps toward implementations. Fair Lending Compliance fills a much-needed gap in the field. If implemented systematically, this thought leadership will lead to improvements in fair lending practices for all Americans.”
–Alyssa Stewart Lee, Deputy Director, Urban Markets Initiative The Brookings Institution
“[Fair Lending Compliance]…provides a unique blend of qualitative and quantitative guidance to two kinds of financial institutions: those that just need a little help in staying on the right side of complex fair housing regulations; and those that aspire to industry leadership in profitably and responsibly serving the unmet credit needs of diverse businesses and consumers in America’s emerging domestic markets.”
–Michael A. Stegman, PhD, The John D. and Catherine T. MacArthur Foundation, Duncan MacRae ’09 and Rebecca Kyle MacRae Professor of Public Policy Emeritus, University of North Carolina at Chapel Hill
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Categories: Loan Products Tags: Business, Compliance, Credit, fair, Implications, Intelligence, Lending, Management, Reviews, Risk, series, Wiley
The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps
The Subprime Virus: Reckless Credit, Regulatory Failure, and Next Steps
The subprime crisis shook the American economy to its core. How did it happen? Where was the government? Did anyone see the crisis coming? Will the new financial reforms avoid a repeat performance?
In this lively new book, Kathleen C. Engel and Patricia A. McCoy answer these questions as they tell the story behind the subprime crisis. The authors, experts in the law and the economics of financial regulation and consumer lending, offer a sharply reasoned, but accessible account of the actions that produced the greatest economic collapse since the Great Depression. The Subprime Virus reveals how consumer abuses in a once obscure corner of the home mortgage market led to the near meltdown of the world’s financial system. The authors also delve into the roles of federal banking and securities regulators, who knew of lenders’ hazardous mortgages and of Wall Street’s addiction to high stakes financing, but did nothing until the crisis erupted. This is the first book to offer a comprehensive description of the government’s failure to act and to analyze the financial reform legislation of 2010.
Blending expert analysis, vivid examples, and clear prose, Engel and McCoy offer an informed portrait of the political and financial failures that led to the crisis. Equally important, they show how we can draw lessons from the crisis to inform the building of a new, more stable, prosperous, and just financial order.
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Categories: Loan Products Tags: Credit, Failure, Next, Reckless, regulatory, Steps, Subprime, Virus
Consumer Credit Models: Pricing, Profit and Portfolios
Consumer Credit Models: Pricing, Profit and Portfolios
The use of credit scoring–the quantitative and statistical techniques to assess the credit risks involved in lending to consumers–has been one of the most successful if unsung applications of mathematics in business for the last fifty years. Now with lenders changing their objectives from minimising defaults to maximising profits, the saturation of the consumer credit market allowing borrowers to be more discriminating in their choice of which loans, mortgages and credit cards to use, and the Basel Accord banking regulations raising the profile of credit scoring within banks there are a number of challenges that require new models that use credit scores as inputs and extensions of the ideas in credit scoring. This book reviews the current methodology and measures used in credit scoring and then looks at the models that can be used to address these new challenges.
The first chapter describes what a credit score is and how a scorecard is built which gives credit scores and models how the score is used in the lending decision. The second chapter describes the different ways the quality of a scorecard can be measured and points out how some of these measure the discrimination of the score, some the probability prediction of the score, and some the categorical predictions that are made using the score.
The remaining three chapters address how to use risk and response scoring to model the new problems in consumer lending. Chapter three looks at models that assist in deciding how to vary the loan terms made to different potential borrowers depending on their individual characteristics. Risk based pricing is the most common approach being introduced. Chapter four describes how one can use Markov chains and survival analysis to model the dynamics of a borrower’s repayment and ordering behavior. These models allow one to make decisions that maximize the profitability of the borrower to the lender and can be considered as part of a customer relationship management strategy. The last chapter looks at how the new banking regulations in the Basel Accord apply to consumer lending. It develops models that show how they will change the operating decisions used in consumer lending and how their need for stress testing requires the development of new models to assess the credit risk of portfolios of consumer loans rather than a models of the credit risks of individual loans.
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Categories: Loan Products Tags: Consumer, Credit, Models, Portfolios, pricing, Profit
Mission Expansion in the Federal Home Loan Bank System Reviews
Mission Expansion in the Federal Home Loan Bank System
Studies how the Federal Home Loan Bank System has changed over time and why.
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Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time
Chapter 13 Bankruptcy: Keep Your Property & Repay Debts Over Time
Reduce your debts, save your property — and start over!
If you’re considering bankruptcy, your resources are undoubtedly already stretched thin. Use the plain-English information and instructions in Nolo’s Chapter 13 Bankruptcy to help you use your income to repay your debts over time and keep valuable property from going to your creditors.
And now you can avoid attorney fees and do it yourself — let Nolo’s Chapter 13 Bankruptcy show you how to:
– determine whether you qualify for Chapter 13
– stop a house foreclosure
– estimate monthly payments
– devise an acceptable repayment plan
– complete and file forms
– make up missed mortgage payments
– pay off other debts
– represent yourself before a bankruptcy judge or trusteeThis edition includes recent court decisions interpreting federal bankruptcy law, the latest changes to official forms and dollar amounts, as well as the latest bankruptcy exemption laws of your state. Plus, you can start your bankruptcy filing right away with up-to-date legal documents and all the instructions you need to fill them out.
– stop a house foreclosure
– estimate monthly payments
– devise an acceptable repayment plan
– complete and file forms
– make up missed mortgage payments
– pay off other debts
– represent yourself before a bankruptcy judge or trusteeThis edition includes recent court decisions interpreting federal bankruptcy law, the latest changes to official forms and dollar amounts, as well as the latest bankruptcy exemption laws of your state. Plus, you can start your bankruptcy filing right away with up-to-date legal documents and all the instructions you need to fill them out.
Whether you work with a lawyer or file on your own, you’ll find everything you need to take charge of your debts in Chapter 13 Bankruptcy.
Please note: This book does not cover business bankruptcies, farm reorganizations, or Chapter 7 personal bankruptcy. For Chapter 7 bankruptcy, see Nolo’s How to File for Chapter 7 Bankruptcy. If you own your own business and are considering Chapter 7 bankruptcy, see Nolo’s Bankruptcy for Small Business Owners.
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Categories: Loan Products Tags: Bankruptcy, Chapter, Debt's, Keep, over, property, repay, Time