Posts tagged "things"

The Student Loan Crisis

Student loans for college are largely a creature of federal intervention. Student loan debt repayment can’t be dodged just like that, but there are so many things you can do to take the sting out of the bill you will receive monthly.

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Posted by Cathy Miller - November 19, 2013 at 10:13 am

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Handling Personal Loans

Personal loan is described as a simple and practical way to avoid being penniless during tough times. With it, you have access to quick cash since you need not put your property on the line. Even though it can only give you a little bit of cash, it’s still pretty good.

The lenders will be able to assess your credibility to pay as well as your financial standing before they approve you for a personal loan. To be easily approved, you have to assure them that you are going to pay back. To pay, you must have money to begin with. Here are some tips you need to heed to save some moolah:

First is to establish a budget plan. You must always have visibility on how your cash flows. This is the quickest way that you can save cash. A budget plan will you in identifying areas that will help you save some funds.

Spending less will also matter. You must have a long term plan so you can handle your debts. Get rid of unnecessary items in your life. When buying stuff, you can look for bargain stores. Saving requires some sort of sacrifice. This tip will be useless when you don’t have commitment. Zero in on the more important stuff that you can’t live without so you are then able to spend less.
Check your old stuff to try to recycle. You only have to be creative to see the usefulness of old things. You need not spend just to have something, you just need to play with your imagination and improvise on the things that you already have on hand.

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Posted by Cathy Miller - June 12, 2013 at 1:55 pm

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Things to Remember Before Applying For a Loan

It was not until recently that people started to enjoy the convenience of borrowing cash sitting in the comfort of their homes. This validates the fact that the world today is more financially inclined than in the last couple of decades. An online consumer research and feedback survey states that people don’t like to carry on with financial blockades and often tend to apply for online loans immediately.

Technology advancement is yet another major factor that has leveraged easy access to funds. However before applying for a loan it is important to take a vital stance to decide whether you should borrow, since it’s a fact that at some point of time the loan will have to be repaid, either in months or years. While some are well aware of their limits and know what they are up to, a majority of people get caught in debts without proper planning. It is not a bad idea to borrow short term installment loans for temporary shortages but getting the perfect deal which matches your needs makes it all the more profitable and feasible for you.

It is a widely accepted fact that everybody cannot stand to claim that he/she is self sufficient to meet the over shooting monthly expenses. But they can make sure the borrowed amount adds value to the burden of repaying on time. The most preferred are the short term monthly installment loans that help over come a sudden unexpected expenses. However before applying for a loan it is important to question yourself based on the following parameters.

Ask yourself if there is a desperate need to borrow? – If the answer to this is a genuine yes, then ask yourself whether you need it in cash, when would you require it on hand and when it would be possible for you to repay. There are plenty of loans with different usages, figuring out the one you need can be critical. These questions would actually help you zero-in on the loan product that best fits your need.

Honestly ask yourself if the need to borrow is worth the pain. If you feel its worth borrowing then go ahead, apply and get it processed but always try to maintain it to a minimum.

Do you need it in cash? Many a times we think of paper money and forget other options like writing out a post dated check, bank overdraft or using a credit card to make payments. If all the other options go blank on you then try getting a loan. This helps avoid paying interest unnecessarily.

For how long should you have to borrow it for? Most of us miss out on this; we fix-up a long term loan for a short term need; think twice before choosing the loan product. A long term product wrongly chosen for a temporary shortage remains a burden until it’s completely paid off.

Amongst the different kinds of loan products that are available in the market short term loans are the most popular and the most preferred. There is no better way to take control of a temporary shortage of funds than by applying for a short term installment loan. Decide on the correct action plan so that you will not regret later.

Brian Matthews works with Lending Stream, an short term loans provider in the UK. We are a responsible online lender for short term installment loans in UK and believe in transparent and quick loan transactions. Please visit us for further details.

Written by seeyan

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Posted by getloans - October 17, 2011 at 9:31 am

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Important things to consider before buying a flat/house by home loan

Buying a flat or independent house is a dream and goal for a majority of working employees & self-employed. Many people after getting settled in a good job or business, plan to buy a home. Making a perfect decision is an important and responsible step for all the people who plan to buy a residential property, because now a days the high ratio of employees are buying homes by getting the loans from national and commercial banks.

We should concentrate on certain parameters before purchasing a residential property through a housing loan. Let’s discuss on those one by one.

Firstly, consider your current net salary; Banks will approve the loan based on your net take home salary and deduct the regular monthly installment amount based on the loan amount taken. Hence based on your capability of paying monthly installments, you decide the loan amount to be taken i.e. the budget you are planning to apply. You should be able to manage you normal livelihood expenditures even after salary deduction for loan installments.  Loan amount will be given maximum upto 20 years tenure based on your age and monthly deduction amounts decided based on the tenure of the loan. Better idea is you can put a maximum possible tenure for the housing loan repayments and whenever you have a good amount of money like 1 lakh, 5o thousands or whatever. Just pay the cash at the bank against the repayment of your loan so that your loan amount and deductions will reduce accordingly. You can complete the loan bit faster

Secondly, search for a flat or other residential property within your budget amount. Also note that you may get the loan amount of 80% to 90% of the total property cost, so you should be in a position to manage to pay remaining 10% to 20% of amount plus registration cost of property by cash at your end. If you are purchasing a newly constructed flat, builder may charge extra cost for amenities such as development of flat or house and for vehicle parking space as well. So discuss end to end cost, negotiate the final amount then only go for purchase.

Thirdly, check the past 20 years history of the property thoroughly such as encumbrance certificate, link documents and registration documents etc. of the property.

It is a good idea to buy a home, but need to estimate the things proactively before finalizing it. People living in rural areas can easily manage all these compared to the employees living in cities because of cost of living and cost of property. If you take a home loan, before approving the loan, banks will also analyze the legal proceedings and engineering plan of the property; if all the conditions are satisfied then only they approve the loan. If someone who is looking to buy home with cash and without the intervention of bank loan, should also consider all the above parameters before buying except the first topic. Hence if we can manage all the above, can surely fulfill the dream of owning a sweet home

The income tax exemption advantage also available for home loan installment amount paid in every financial year (till the closure of the loan amount), which can be done by submitting investment declaration form to your employer

Written by sreenivas

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Posted by getloans - September 21, 2011 at 8:46 am

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