Save A Home With Poor Credit Refinance Loan
Being family oriented is a good thing. You have close family ties and you would do whatever it takes to provide for them. The most important factor for a family is to have a home. If all they could afford is to rent a space then they would give all their might to make it as homey as possible. But for each family, the very dream is to have a home of their own. The kind where you have a front porch that you can lawn, a backyard where you can have afternoon barbecue and an inside with walls that stand as witnesses as you create happy moments together. You can still make this dream come true you know. Despite of a poor credit history, there is someone out there willing to lend a helping hand.
A bad credit mortgage lender is a person who acts as a middle man between the poor credit holder which in this case is you and a lender who finds gold in a pot of your poor credit history. This middle man will aid you in finding the best bad credit lender. A lot of these lenders are already present in the market who are on standby and waiting to give out assistance. These two are your ticket towards processing your loan in order to refinance an old home or buying your first one. Doing so, you can be able to save up hundreds and thousands of money which you can keep and use for later purposes. You just got to find the rate that will be most suitable for you.
In the process of choosing a lender, there are sub prime and prime ones. The prime ones are the leaders of the band. They have established a credibility. They are trusted and reliable. You can go directly there if you have made up your mind. If not, you can also run to sub prime lenders. The catch is that, you have to do a background check on them. You can ask people around who have had an experience with them. It is inevitable to have people out there who are taking advantage of others even if it means jeopardizing lives of others. Do not let your bad credit allow you to go blind when it comes to abusive lenders.
The key here is to know what is it exactly that you want. Settle for what is right for you and your family. Give them the best home that they deserve but not forgetting to use your brain when it comes to choosing the right lender for your poor credit refinance loan.
Categories: Loan Articles Tags: give, home, poor, poor credit, Poor Credit Refinance Loan, refinance loan
Banker to the Poor: Micro-Lending and the Battle Against World Poverty
Banker to the Poor: Micro-Lending and the Battle Against World Poverty
The remarkable life story of one visionary economist and his simple but revolutionary tool to end world poverty: micro-credit. In 1983, against the advice of banking and government officials, Yunus established Grameen, a bank devoted to providing the poorest of Bangladesh with miniscule loans. Grameen Bank, based on the belief that credit is a basic human right, not the privilege of a fortunate few, now provides over 2.5 billion dollars of micro-loans to more than two million families in rural Bangladesh. Ninety-four percent of Yunus’s clients are women, and repayment rates are near 100 percent. Around the world, micro-lending programs inspired by Grameen are blossoming, with more than three hundred programs established in the United States alone.
Banker to the Poor is Muhammad Yunus’s memoir of how he decided to change his life in order to help the world’s poor. In it he traces the intellectual and spiritual journey that led him to fundamentally rethink the economic relationship between rich and poor, and the challenges he and his colleagues faced in founding Grameen. He also provides wise, hopeful guidance for anyone who would like to join him in “putting homelessness and destitution in a museum so that one day our children will visit it and ask how we could have allowed such a terrible thing to go on for so long.” The definitive history of micro-credit direct from the man that conceived of it, Banker to the Poor is necessary and inspirational reading for anyone interested in economics, public policy, philanthropy, social history, and business. 8 pp. photos.It began with a simple loan. After witnessing the cycle of poverty that kept many poor women enslaved to high-interest loan sharks in Bangladesh, Dr. Muhammad Yunus lent money to 42 women so they could purchase bamboo to make and sell stools. In a short time, the women were able to repay the loans while continuing to support themselves and their families. With that initial eye-opening success, the seeds of the Grameen Bank, and the concept of microcredit, were planted.
After earning a Ph.D. in economics at Vanderbilt University, Dr. Yunus returned to Bangladesh to settle into a life as a professor. But a famine in 1974 ravaged the country, leading Dr. Yunus to alter his thinking and his life profoundly: “What good were all my complex theories when people were dying of starvation on the sidewalks and porches across from my lecture hall?…. Nothing in the economic theories I taught reflected the life around me.” Armed with little more than a lofty dream to end the suffering around him, he started an experimental microcredit enterprise in 1977; by 1983 the Grameen Bank was officially formed.
The idea behind the Grameen Bank is ingeniously simple: extend credit to poor people and they will help themselves. This concept strikes at the root of poverty by specifically targeting the poorest of the poor, providing small loans (usually less than 0) to those unable to obtain credit from traditional banks. At Grameen, loans are administered to groups of five people, with only two receiving their money up front. As soon as these two make a few regular payments, loans are gradually extended to the rest of the group. In this way, the program builds a sense of community as well as individual self-reliance. Most of the Grameen Bank’s loans are to women, and since its inception, there has been an astonishing loan repayment rate of over 98 percent.
Banker to the Poor is an inspiring memoir of the birth of microcredit, written in a conversational tone that makes it both moving and enjoyable to read. The Grameen Bank is now a .5 billion banking enterprise in Bangladesh, while the microcredit model has spread to over 50 countries worldwide, from the U.S. to Papua New Guinea, Norway to Nepal. Ever optimistic, Yunus travels the globe spreading the belief that poverty can be eliminated: “…the poor, once economically empowered, are the most determined fighters in the battle to solve the population problem; end illiteracy; and live healthier, better lives. When policy makers finally realize that the poor are their partners, rather than bystanders or enemies, we will progress much faster that we do today.” Dr. Yunus’s efforts prove that hope is a global currency. –Shawn Carkonen
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Categories: Loan Products Tags: against, Banker, Battle, loans, MicroLending, poor, Poverty, Price, World
Money Management : Credit Card Balance Transfers With Poor Credit
When you have poor credit and you do transfer your balance to the last known credit card that you had with good credit, such process is called consolidation.
What’s it all about? Watch this video and be enlightened.
Categories: Loan Videos Tags: balance, Card., Credit, last, Management, money, poor, poor credit, transfer, transfers
Poor Credit Car Financing – Sure Ways to Get Guaranteed Approval and Low Rates in an Instant!
Are you tired of constant-unending rejection from auto lenders because of bad credit history?
Online auto lenders are able to offer very competitive loans for those with good and bad credit. Are they any good?
Poor Credit Refinance Loans
There may come a time when your credit rating will no longer be a good as it was before. It could be that you’ve been delaying payments or it could be due to bankruptcy. At the same time, you want to refinance your home. Then again, you don’t have money! Do you know that there are many lenders in the market today that specialize in Poor credit Refinance loans and are standing by all set to advise you and assist you in finding out the best rate for you.
Bankruptcy and bad credit does not need to get in your way, you can benefit from the help that’s out there. You can refinance even with poor credit.
A bad credit mortgage lender is that which helps borrowers obtain a poor credit refinance loan, they are basically the mediator and will work to search for the best bad credit lender available to begin with the refinancing process, or loan process if you’re trying to buy your first home.
Trying to refinance your home even with poor credit can make you save hundreds, and = even thousands of dollars over the entire term of the loan. Saving even a little always makes us happy!
If one of the options you’re looking at is using a sub-prime lender for your bad credit refinance loan, it is a must that you get references and see to it that do your research before using them. You need to be aware that for every legitimate sub-prime lender in the industry, there are those that will take advantage of people with adverse credit. Be always mindful of those.
Categories: Loan Articles Tags: home, Home Refinancing, loan, poor, poor credit, Poor Credit Refinance Loans, Refinance Loans
The Working Poor: Invisible in America
The Working Poor: Invisible in America
- hard fact and personal testimony
“Nobody who works hard should be poor in America,” writes Pulitzer Prize winner David Shipler. Clear-headed, rigorous, and compassionate, he journeys deeply into the lives of individual store clerks and factory workers, farm laborers and sweat-shop seamstresses, illegal immigrants in menial jobs and Americans saddled with immense student loans and paltry wages. They are known as the working poor.
They perform labor essential to America’s comfort. They are white and black, Latino and Asian–men and women in small towns and city slums trapped near the poverty line, where the margins are so tight that even minor setbacks can cause devastating chain reactions. Shipler shows how liberals and conservatives are both partly right–that practically every life story contains failure by both the society and the individual. Braced by hard fact and personal testimony, he unravels the forces that confine people in the quagmire of low wages. And unlike most works on poverty, this book also offers compelling portraits of employers struggling against razor-thin profits and competition from abroad. With pointed recommendations for change that challenge Republicans and Democrats alike, The Working Poor stands to make a difference.The Working Poor examines the “forgotten America” where “millions live in the shadow of prosperity, in the twilight between poverty and well-being.” These are citizens for whom the American Dream is out of reach despite their willingness to work hard. Struggling to simply survive, they live so close to the edge of poverty that a minor obstacle, such as a car breakdown or a temporary illness, can lead to a downward financial spiral that can prove impossible to reverse. David Shipler interviewed many such working people for this book and his profiles offer an intimate look at what it is like to be trapped in a cycle of dead-end jobs without benefits or opportunities for advancement. He shows how some negotiate a broken welfare system that is designed to help yet often does not, while others proudly refuse any sort of government assistance, even to their detriment. Still others have no idea that help is available at all.
“As a culture, the United States is not quite sure about the causes of poverty, and is therefore uncertain about the solutions,” he writes. Though he details many ways in which current assistance programs could be more effective and rational, he does not believe that government alone, nor any other single variable, can solve the problem. Instead, a combination of things are required, beginning with the political will needed to create a relief system “that recognizes both the society’s obligation through government and business, and the individual’s obligation through labor and family.” He does propose some specific steps in the right direction such as altering the current wage structure, creating more vocational programs (in both the public and private sectors), developing a fairer way to distribute school funding, and implementing basic national health care.
Prepare to have any preconceived notions about those living in poverty in America challenged by this affecting book. —Shawn Carkonen
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Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty
Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two practical visionaries working toward ending world poverty, answer these questions from the ground. In a book the Wall Street Journal called marvelous, rewarding,” the authors tell how the stress of living on less than 99 cents per day encourages the poor to make questionable decisions that feednot fightpoverty. The result is a radical rethinking of the economics of poverty that offers a ringside view of the lives of the world’s poorest, and shows that creating a world without poverty begins with understanding the daily decisions facing the poor.
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Categories: Loan Products Tags: Economics, fight, global, less, poor, Poor Economics, Poverty, Price, Radical, Rethinking
Confessions of a Microfinance Heretic: How Microlending Lost Its Way and Betrayed the Poor
Confessions of a Microfinance Heretic: How Microlending Lost Its Way and Betrayed the Poor
Very little solid evidence exists that microloans make a dent in long-term poverty. Sadly, evidence does exist for negligence, corruption, and methods that border on extortion. Part exposé, part memoir, and part financial detective story, this is the account of a one-time true believer whose decade in the industry turned him into a heretic.
Hugh Sinclair worked with several microfinance institutions around the world. He couldn’t help but notice that even with a booming billion industry on their side, the poor didn’t seem any better off. Exorbitant interest rates led borrowers into never-ending debt spirals, and aggressive collection practices resulted in cases of forced prostitution, child labor, suicide, and nationwide revolts against the microfinance community.
Sinclair weaves a shocking tale of a system increasingly focused on maximizing profits—particularly once large banks got involved. He details his discovery of several scandals, one of the most disturbing involving a large African microfinance institution of questionable legality that charged interest rates in excess of 100 percent per year, and whose investors and supporters included some of the most celebrated leaders of the microfinance sector. Sinclair’s objections were first met with silence, then threats, attempted bribery, and a court case, and eventually led him to become a principle whistleblower in a sector that had lost its soul.
Microfinance can work—Sinclair describes moving experiences with several ethical and effective organizations and explains what made them different. But without the fundamental reforms that Sinclair recommends here, microfinance will remain an “investment opportunity” that will leave the poor with hollow promises and empty pockets.
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Categories: Loan Products Tags: Betrayed, Confessions, Heretic, lost, Microfinance, MicroLending, poor, Price, several
Bad Credit Car Lenders
We all have our dreams. Some dream to be working in a prestigious company, some dream to have every high-end gadget available in the market, and others dream of owning a car. However, a dream could be just a dream for some reason. That’s not always the case, though.
Even if you have a credit score lower than 480, there are still bad credit car lenders out there that can help you. You will no longer have to give down payment given that the loan value of the car of your choice is somewhere near the purchase price. To be able to take advantage of this, see to it that you’re getting a good price on the car that you’re eying.
One great thing about this type of lender is that you have a lot of choices with cars. Also, you can do this in many different places. There are different ways you can avail of this, too. It could be online, or a physical dealer. A lot of opportunities are available for you to grab. You no longer need to go from car lot to car lot trying to get approved at a reasonable rate.
However, majority of the car dealers don’t have access to the best bad credit car lenders. The reason for this is because they don’t get a sizeable amount of profit through selling a car to a person who has a poor credit rating as compared to one that has a good credit standing. Why, you may ask. This is because bad credit car lenders don’t allow dealer fees and related stuff to be added to the car’s price. They prefer that the amount you will be driving away owing on the car will not be too much beyond its true price. This will be a benefit on your part, considering you’ll dodge making a poor decision.
Categories: Loan Articles Tags: auto loan, Bad Credit, car lender, car lenders, dealer, give, poor
Q&A: Where I can get a home loan with poor credit?
Question by Christina K: Where I can get a home loan with poor credit?
I have poor credit and I am on a time crunch. I have money for a down payment and the income for monthly payments, but my credit score is in the 500 range. The house that I am wanting is asking $ 95,000. Is it even remotely possible for me to get a loan?
Best answer:
Answer by bdancer222
Maybe, if your downpayment is big enough. Your score will really work against you and I assume you have at least some derogatory items in your credit file that cause that poor score. Those deroagtory items will also be a problem as most mortgage companies will insist those all be settled before you are approved.
You will also need at least a 2 year stable work history and sufficient income. Your monthly payment should be not more than 25% of your monthly income.
Know better? Leave your own answer in the comments!
Categories: Loan Questions Tags: Credit, home, loan, poor