My company will reimburse up to $5250/year for tuition. Would I be also be able to take out a student loan or do I have to pay the tuition with out-of-pocket money? I didn't have to go through the student loan process during my undergrad years so I am unfamiliar with the process.
Can I get a student loan in addition to my company tuition reimbursement?
Yes. Anyone can get student loans. Just apply and fill it out and go to Fa office and they will help you out.
You have to take a test to make sure you understand the terms. Then you set. Good luck.
Reply:Calm your fears and relax. You will not have to pay for college out of pocket. I know that paying for college can be difficult and many people have the same worries and fears about financial and college too. So be happy that you're not the only one.
You are eligible for a loan no matter if you're receiving a tuition reimbursement or not. If you don't qualify for grants then you're probably qualify for loans. You might want to look into scholarships too and at least with scholarships you won't have to pay them back!
*Cheers*
Reply:There are two sources for student loans -- the federal government and private lenders. In order to obtain most federal student loans, you will first need to file the Free Application for Federal Student Aid (FAFSA). In most%26lt;!--instances the FAFSA is required for all federal financial aid including federal student loans. Deferment options are available while you are still attending school at least half-time. There are four main federal loan programs.
http://best-loans.awardspace.com/student...
Federal loan consolidation is for students who are in repayment status or parents who wish to extend the repayment period on their current PLUS and obtain a fixed interest rate for the life of the loan--%26gt;you can combine all of your eligible federal student loans into one loan with a Federal Consolidation Loan. Consolidating also locks the interest rate you pay on your loan.
Reply:You may still be able to get a student loan depending on what school you attend. You can only be funded up to the cost of attendance. So if your school is 13000.00 a year and your job pays $5250 a year then you have a need of $7750 remaining. You should also check with your employer since there are some companies that will not allow you to get a reimbursement if you are getting aid, it's stupid but I have had some students that found that it was better to use the federal aid then deal with the paperwork hassles from their employer. Check with your Human Resources Dept and then with your Financial Aid office at your school. You will then have all the right tools to decide what is in your best interest. Good luck!
Reply:Check with the financial aid office at whatever school you plan to attend.
Saturday, October 24, 2009
What is a good amount to borrow when applying for an car loan?
I am applying for an car loan and am new to this. I am not sure what amount to ask for or loan term. I can afford $250-$300 a month.
What is a good amount to borrow when applying for an car loan?
The smallest amount possible ,
I've bookmarked this site to go back to next time I need a loan...
http://www.knowledged.info/go.php?link=a...
Take care.
Reply:First, buy an inexpensive car. Get a car that you will own atleast 6-10 years. The price of the car is half of the battle.
A good amount is to try to pay 1/3 or 1/2 down on the car (if you trade in your old car). Just because you can afford $300 doesn't mean you have to spend that. There are some car payments for reasonable cars or used certified (with a long warranty) with a $180 payment.
People are losing their houses because rates are going up and they can't pay the increase. Think of the people who say "I can afford 1500 per month". They go get a house that has a payment of $1500 per month. A year later rates go up and the price goes to $2000. The person loses their home.
Just don't spread yourself too thin.
Reply:The answer depends on several variables such as what interest rate you qualify for, and how long you intend to finance. On a 5 year note with the average interest rate, you could finance 15k and be just under 300 per month. 4 years brings you down to around 12k. 3 years would be around 9k. Again, all of this assumes you have decent credit.
Reply:There are many things to consider. First, how fast do you want to pay the car off ? the longer the term (4-5 years) the more interest you will pay but the payment will be lower. Second, your credit? If your credit is good the interest rate will be lower allowing you to buy a more expensive car. Third, how old are you? insurance rates can vary greatly depending on your age and type of vehicle. Good Luck.
Reply:By your question, I was afraid you were looking at this wrong. Your details show you're not. You've figured out what you can afford. GOOD FOR YOU!!!!! Car dealerships make their money off financing. Do you belong to a credit union? Can you join one? Credit unions are non-profit, so they usually have much better deals. I urge you NOT to finance through a car dealership. I don't know your credit history, and that makes a difference for the kind of interest you will be charged. The correct amount of loan to ask for is the amount that allows you to stick to your monthly budgeted payment. Honestly, honestly, if you remember this simple rule, life will be much better for you.
Reply:Borrow only what you can afford and if you have some money spare use this instead of borrowing the full amount.Always borrow the minimum amount.
What is a good amount to borrow when applying for an car loan?
The smallest amount possible ,
I've bookmarked this site to go back to next time I need a loan...
http://www.knowledged.info/go.php?link=a...
Take care.
Reply:First, buy an inexpensive car. Get a car that you will own atleast 6-10 years. The price of the car is half of the battle.
A good amount is to try to pay 1/3 or 1/2 down on the car (if you trade in your old car). Just because you can afford $300 doesn't mean you have to spend that. There are some car payments for reasonable cars or used certified (with a long warranty) with a $180 payment.
People are losing their houses because rates are going up and they can't pay the increase. Think of the people who say "I can afford 1500 per month". They go get a house that has a payment of $1500 per month. A year later rates go up and the price goes to $2000. The person loses their home.
Just don't spread yourself too thin.
Reply:The answer depends on several variables such as what interest rate you qualify for, and how long you intend to finance. On a 5 year note with the average interest rate, you could finance 15k and be just under 300 per month. 4 years brings you down to around 12k. 3 years would be around 9k. Again, all of this assumes you have decent credit.
Reply:There are many things to consider. First, how fast do you want to pay the car off ? the longer the term (4-5 years) the more interest you will pay but the payment will be lower. Second, your credit? If your credit is good the interest rate will be lower allowing you to buy a more expensive car. Third, how old are you? insurance rates can vary greatly depending on your age and type of vehicle. Good Luck.
Reply:By your question, I was afraid you were looking at this wrong. Your details show you're not. You've figured out what you can afford. GOOD FOR YOU!!!!! Car dealerships make their money off financing. Do you belong to a credit union? Can you join one? Credit unions are non-profit, so they usually have much better deals. I urge you NOT to finance through a car dealership. I don't know your credit history, and that makes a difference for the kind of interest you will be charged. The correct amount of loan to ask for is the amount that allows you to stick to your monthly budgeted payment. Honestly, honestly, if you remember this simple rule, life will be much better for you.
Reply:Borrow only what you can afford and if you have some money spare use this instead of borrowing the full amount.Always borrow the minimum amount.
What are my chances of getting a personal loan?
I have about 4 credit cards that have too high interest rates. My credit rating has gone from very good to poor due to a credit card company that basically screwed me over. I am hoping to get a loan of about $15,000 in order to pay them all off. I make more than enough each month to pay the loan back, I am just concerned that with my now credit rating that I won't be able to. Does anyone have any experience with this sort of situation or does anyone know what my chances of getting a personal loan would be?
What are my chances of getting a personal loan?
With bad credit it would be hard to get a loan, but more importantly you would need collateral to get a loan of that size. Most banks will not willingly issue an unsecured loan, particularly if your credit is not that good.
Reply:may be you ned a co-signer, but a small loan consolidation with low interest is the best I found interesting information about your answer %26amp; options here. Goodhttp://all-debt-consolidation-loan.blogs... luck!
Reply:It's hard to imagine anyone giving you a personal loan of that amount.
I'd instead reccommend goign to a non-profit organization who will help you consolidate those credit cards and get them paid off.
Reply:I don't know if a personal loan would be what you would need. Maybe a debt consolidation type of loan would be better.
Have you tried calling your credit card companies and asked them to maybe set up a payment arrangement so they would lower the interest rates for like 6 months to help you pay down the debt. I had a Citicard and they did this with me and they charged zero interest while I paid the debt but i also wasn't able to use the card while this arrangement was happening.
Reply:Slim to none to get a loan of that much with poor credit rating. Especially these days.
If you make enough to pay the loan back then you should be able to pay more on your cards. Call the card companies and negotiate a lower interest rate.
Go to a local non-profit credit counselling place and see if they can help you.
Get a 2nd job. Sell your plasma to earn extra money. Cut out all unnecessary items in your life and put that money towards paying down your debt.
Reply:Hi There! I Got This For Your... As Always, Its Always Better That You Get The Info Firsthand. So Check It Out Yourself, Im Pretty Sure You'll Discover Something...
Reply:Hi.
This site is well recommended for bad credit loans:
http://1lo.info/1519/
What are my chances of getting a personal loan?
With bad credit it would be hard to get a loan, but more importantly you would need collateral to get a loan of that size. Most banks will not willingly issue an unsecured loan, particularly if your credit is not that good.
Reply:may be you ned a co-signer, but a small loan consolidation with low interest is the best I found interesting information about your answer %26amp; options here. Goodhttp://all-debt-consolidation-loan.blogs... luck!
Reply:It's hard to imagine anyone giving you a personal loan of that amount.
I'd instead reccommend goign to a non-profit organization who will help you consolidate those credit cards and get them paid off.
Reply:I don't know if a personal loan would be what you would need. Maybe a debt consolidation type of loan would be better.
Have you tried calling your credit card companies and asked them to maybe set up a payment arrangement so they would lower the interest rates for like 6 months to help you pay down the debt. I had a Citicard and they did this with me and they charged zero interest while I paid the debt but i also wasn't able to use the card while this arrangement was happening.
Reply:Slim to none to get a loan of that much with poor credit rating. Especially these days.
If you make enough to pay the loan back then you should be able to pay more on your cards. Call the card companies and negotiate a lower interest rate.
Go to a local non-profit credit counselling place and see if they can help you.
Get a 2nd job. Sell your plasma to earn extra money. Cut out all unnecessary items in your life and put that money towards paying down your debt.
Reply:Hi There! I Got This For Your... As Always, Its Always Better That You Get The Info Firsthand. So Check It Out Yourself, Im Pretty Sure You'll Discover Something...
Reply:Hi.
This site is well recommended for bad credit loans:
http://1lo.info/1519/
What are some creative marketing tips for a new loan officer?
I am a new loan officer and I need help with marketing. What are some creative ways to get your name out to the public? I heard visiting real estate offices is a good way to find business and putting flyers on people's doors is another. Does anyone have any other tips I can try?
What are some creative marketing tips for a new loan officer?
Radio advertising - very affordable at small stations.
10 second TV spot at off hours.
Direct mail - affordable in bulk, especially effective if you buy a targeted list and know a good designer and ad mind who can help you with a concept.
Reply:tattoo your business card on your rear end and start a side career as an exotic dancer. even if you don't get much loan business, you'll make a fortune dancing.
tanning
What are some creative marketing tips for a new loan officer?
Radio advertising - very affordable at small stations.
10 second TV spot at off hours.
Direct mail - affordable in bulk, especially effective if you buy a targeted list and know a good designer and ad mind who can help you with a concept.
Reply:tattoo your business card on your rear end and start a side career as an exotic dancer. even if you don't get much loan business, you'll make a fortune dancing.
tanning
How to obtain an auto loan from a bank/credit union?
I am planning on buying a new car from a dealer in the near future. I would rather take a loan from my credit union. What are the steps in obtaining the loan? Do I just go to the CU and get a approved for a certain ammount, find a car in that range, then have the a dealer draft the bank or do you need to have a fixed price and car when you go to the CU? Any help on the correct process is appreciated!
How to obtain an auto loan from a bank/credit union?
Financing through your credit union can be a blessing, or a curse. A lot will vary depending on the size of your credit union. Interest rates at smaller credit unions can vary dramatically depending on the amount of money they have available to lend. One day they can be considerably cheaper than the marketplace, and next week be 1-2% higher. Check your rates in advance.
Larger credit union's rates tend to be more stable with the marketplace, but frequently are less that market. It is good to be prequalified for that reason and use that information to go shopping. Find out what rate the dealer can get for you. If it is more than the credit union, then (and only then) tell them what rate you can get from your credit union and ask them to beat it. If you tell them the rate before they show their hand, they will only drop it enough to beat the rate (if they can), but if their rate can be even lower the dealer will not drop it any more than they have too.
Know under what terms your credit union will finance. If it is new them may finance MSRP (sticker price), plus taxes, license, title, fees, etc. However, if it used, they may only cover what a certain book says it is worth plus some extra and that may not be enough. That is when running back and forth to the credit union to find what they will loan on the car can take place and the vehicle can get sold.
However, some larger credit unions have indirect lending already set up at the dealership and the dealer can handle the loan processing right there saving you time and money.
But always, always check terms and conditions, and maybe preapproval, with your credit union first.
Reply:There are a couple ways to go about this. You can go in ahead of time and get pre-approved for a certain amount. That way you will know what range of vehicle to look at. However, the approval will still be contingent on the value of the vehicle (the collateral) that you purchase.
You can also find the car and then go and get your funding. This way is a little more dangerous, because I have seen cars sold out from under people when they go to get funding. So I recommend the first way. Then just ask your financial institution what they prefer you do when you get the car.
Reply:The easiest way is to go into your Credit Union and tell them approximately how much you want to spend, and they will give you a preapproval, tell you what the rate will be, etc. Then go buy the car. After you have negotiated a price, they will want to try to finance the car for you at the dealership. I'd tell them you have a great rate at your credit union, but let them check for you anyway- you never know, they might come back with something cheaper, knowing that you've done your homework. But the preapproval route is the way to go at the CU.
Reply:i just the same thing 5minutes ago
haha
go into your CU, apply for a loanm, or do it over the internet.
Put all your info in, and within 24hrs, they give you a call to verify the info.
Then you give them the make, options and etc from the car you want.
they run the KBB price on it, and they process it again, and give you a call back to come in and finsh the paperwork.
then they need the title etc..
and BADA BING.. your on you way
hope that helps
yea, CU are better than banks
Reply:It might really save you a lot of running around to just get a car loan price online to see what the going rates are. You might be pleasantly suprised. Also if your credit is not so great, a lot of them are more able to work with people.
What I always tell folks is that an internet quote at http://auto.lowratetoday.com is worthwhile.
Reply:Finding a bad credit auto lender take a little bit of work to find the right one. When looking to buy a new or used car, the dealer may offer bad credit financing, or refer you to a lender. Car buyers should consider arranging their own financing. Bad credit auto loans are simple yet complicated and some lenders will try to take%26lt;!--advantage of you. It helps to know your available options.Before applying for a car loan, try to get a copy of your personal credit report. Lenders base approval on your credit score and credit history. Some lenders classify sub prime borrowers as persons with scores below say 700. On the other hand, another lender may qualify a borrower with the same score for prime rates.
http://best-loans.awardspace.com/autoloa...
http://best-loans.awardspace.com/auto.ht...
Unless you have a 700 or higher credit score, it might be a good idea to look at your credit report and see what you can do to improve your credit score. A 700 score will get you the best rates at the best loan terms. Any credit score higher will not change what a lender can offer you, since you will already qualify for the best loan deal. Where you will start having trouble is if you fall below a credit score of 700. When you fall below--%26gt;lenders see you as a risk and will start charging higher interest rates in order to offset the risk.At this point your only options are to seek a bad credit lender or get to work on fixing your credit score. There are a number of quick things to do to improve your credit rating and get the loan you need at the rate you want.
How to obtain an auto loan from a bank/credit union?
Financing through your credit union can be a blessing, or a curse. A lot will vary depending on the size of your credit union. Interest rates at smaller credit unions can vary dramatically depending on the amount of money they have available to lend. One day they can be considerably cheaper than the marketplace, and next week be 1-2% higher. Check your rates in advance.
Larger credit union's rates tend to be more stable with the marketplace, but frequently are less that market. It is good to be prequalified for that reason and use that information to go shopping. Find out what rate the dealer can get for you. If it is more than the credit union, then (and only then) tell them what rate you can get from your credit union and ask them to beat it. If you tell them the rate before they show their hand, they will only drop it enough to beat the rate (if they can), but if their rate can be even lower the dealer will not drop it any more than they have too.
Know under what terms your credit union will finance. If it is new them may finance MSRP (sticker price), plus taxes, license, title, fees, etc. However, if it used, they may only cover what a certain book says it is worth plus some extra and that may not be enough. That is when running back and forth to the credit union to find what they will loan on the car can take place and the vehicle can get sold.
However, some larger credit unions have indirect lending already set up at the dealership and the dealer can handle the loan processing right there saving you time and money.
But always, always check terms and conditions, and maybe preapproval, with your credit union first.
Reply:There are a couple ways to go about this. You can go in ahead of time and get pre-approved for a certain amount. That way you will know what range of vehicle to look at. However, the approval will still be contingent on the value of the vehicle (the collateral) that you purchase.
You can also find the car and then go and get your funding. This way is a little more dangerous, because I have seen cars sold out from under people when they go to get funding. So I recommend the first way. Then just ask your financial institution what they prefer you do when you get the car.
Reply:The easiest way is to go into your Credit Union and tell them approximately how much you want to spend, and they will give you a preapproval, tell you what the rate will be, etc. Then go buy the car. After you have negotiated a price, they will want to try to finance the car for you at the dealership. I'd tell them you have a great rate at your credit union, but let them check for you anyway- you never know, they might come back with something cheaper, knowing that you've done your homework. But the preapproval route is the way to go at the CU.
Reply:i just the same thing 5minutes ago
haha
go into your CU, apply for a loanm, or do it over the internet.
Put all your info in, and within 24hrs, they give you a call to verify the info.
Then you give them the make, options and etc from the car you want.
they run the KBB price on it, and they process it again, and give you a call back to come in and finsh the paperwork.
then they need the title etc..
and BADA BING.. your on you way
hope that helps
yea, CU are better than banks
Reply:It might really save you a lot of running around to just get a car loan price online to see what the going rates are. You might be pleasantly suprised. Also if your credit is not so great, a lot of them are more able to work with people.
What I always tell folks is that an internet quote at http://auto.lowratetoday.com is worthwhile.
Reply:Finding a bad credit auto lender take a little bit of work to find the right one. When looking to buy a new or used car, the dealer may offer bad credit financing, or refer you to a lender. Car buyers should consider arranging their own financing. Bad credit auto loans are simple yet complicated and some lenders will try to take%26lt;!--advantage of you. It helps to know your available options.Before applying for a car loan, try to get a copy of your personal credit report. Lenders base approval on your credit score and credit history. Some lenders classify sub prime borrowers as persons with scores below say 700. On the other hand, another lender may qualify a borrower with the same score for prime rates.
http://best-loans.awardspace.com/autoloa...
http://best-loans.awardspace.com/auto.ht...
Unless you have a 700 or higher credit score, it might be a good idea to look at your credit report and see what you can do to improve your credit score. A 700 score will get you the best rates at the best loan terms. Any credit score higher will not change what a lender can offer you, since you will already qualify for the best loan deal. Where you will start having trouble is if you fall below a credit score of 700. When you fall below--%26gt;lenders see you as a risk and will start charging higher interest rates in order to offset the risk.At this point your only options are to seek a bad credit lender or get to work on fixing your credit score. There are a number of quick things to do to improve your credit rating and get the loan you need at the rate you want.
Can a title loan office refuse to sign a satisfaction of lien before title is received back from DMV?
After realizing the loan company was charging 300% intrest, I paid the loan off and now the loan company says it will take 6 to 8 weeks for them to get the title back.Another loan company advised me to get a "satisfaction of lien" form filled out but the lady says she cant do this. What should I do?
Can a title loan office refuse to sign a satisfaction of lien before title is received back from DMV?
Check with your governmental office that handles title transfers. They can tell you what is possible and legal.
If there is any way you can get by without borrowing again, please try to do so. It is like quicksand....
Can a title loan office refuse to sign a satisfaction of lien before title is received back from DMV?
Check with your governmental office that handles title transfers. They can tell you what is possible and legal.
If there is any way you can get by without borrowing again, please try to do so. It is like quicksand....
Wednesday, October 21, 2009
What are the steps to buying a home via a va home loan?
We're a military family, and I believe eligible for a VA home loan. We have about 30K in credit card debt, but are hoping to pay it off before applying for the loan. Just wanted some info on what to expect.
What are the steps to buying a home via a va home loan?
Got to get your VA certificate first, then apply like any other mortgage. I wouldn't use a VA home loan if you don't have to. You have to pay a funding fee ontop of your regular closing cost. But good luck.
Reply:Using your VA eligibility is best when purchasing a home. A lot less money is needed than an FHA loan (3% of purchase price) or a Conventional loan (5% of the purchase price is needed).
If you already know that you have a lot of debt you might as well wait til you have some paid off and are closer to buying a home. Only because they will pull your credit.
Once you are ready though go to a bank to see about getting pre-approved. Never use a broker. They charge WAY too much. After you go thru that process they will tell you how much you are eligible for then you can start looking =)
Good luck!!
What are the steps to buying a home via a va home loan?
Got to get your VA certificate first, then apply like any other mortgage. I wouldn't use a VA home loan if you don't have to. You have to pay a funding fee ontop of your regular closing cost. But good luck.
Reply:Using your VA eligibility is best when purchasing a home. A lot less money is needed than an FHA loan (3% of purchase price) or a Conventional loan (5% of the purchase price is needed).
If you already know that you have a lot of debt you might as well wait til you have some paid off and are closer to buying a home. Only because they will pull your credit.
Once you are ready though go to a bank to see about getting pre-approved. Never use a broker. They charge WAY too much. After you go thru that process they will tell you how much you are eligible for then you can start looking =)
Good luck!!
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