24 Jul 14

Can I Live Without Credit?

By Mike Goldstein, Content Writer at Credit Karma I spend a lot of my time writing credit-related content. I havent always been a credit expert, but write a few dozen articles about any one topic and you start getting there. Since I spend so much of my time thinking about credit, I usually take the credit system for granted. I dont question its necessity or wonder how it got there in the first place. Instead, » read more.


Link Category: Secured Credit Cards



24 Jul 14

MICROCAPITAL BRIEF: India-based Ujjivan Financial Services Disburses …

Ujjivan Financial Services, a Bangalore-based microfinance institution, has disbursed local currency loans totaling the equivalent of USD 166 million, approximately 50 percent of its total loan disbursements this year, directly to customer’s bank accounts. This was facilitated by helping clients open bank accounts, activating dormant accounts and training customers to use the accounts, as well through the use of automated teller machines (ATMs). During 2013, 780,000 customers in semi-urban and rural areas and 510,000 customers » read more.


Link Category: Educational Loans



23 Jul 14

Check your credit rating – interest rates may soon be rising

Of course, we know interest rates are definitely going to rise, so the question is when. To be honest, conflicting signals seem to be fairly common for example Robert Peston discusses this in Beware the Carney premium on the BBC news website. If youre concerned about when these rises do start, it makes good sense to check your credit rating and score. The higher it is, the greater the likelihood of your achieving better deals » read more.


Link Category: Understanding Your Credit Report



23 Jul 14

Everyday Cheapskate: Consolidating debts a tricky business

To the person drowning in debt, a debt-consolidation loan looks a lot like a lifesaver. But reaching for it without knowing exactly what its made of could be a serious mistake. The way its supposed to work: You pay off all your small high-interest consumer debts with the proceeds of a new low-interest loan whose payment is less than the total of the smaller payments. In theory, consolidation is a terrific solution for a burdensome » read more.


Link Category: Debt Consolidation



22 Jul 14

Preparing your college student to make good financial decisions

Proquest LLC You have figured out how you will pay for your childs college education. In a few weeks, they will be heading off to school. They will be required to make many decisions, including financial ones without consulting with you. Have you sat them down and had the talk, the one about budgeting their money, about you not being their ATM. Once the basics of tuition, food, housing and books are taken care of, » read more.


Link Category: Establishing Good Credit



22 Jul 14

Gov. Nixon vetoes payday loans bill, saying it won’t protect borrowers from …

KANSAS CITY, Mo. – Missouri Governor Jay Nixon vetoed Senate Bill 694 on Thursday, saying it was false hope for true reform of payday loan company policies. The bill would, in some cases, cap the interest rate at 35 percent for borrowers. However, on short-term loans the interest rate would skyrocket. On a 14-day loan, the interest rate would be allowed to increase to more than 900 percent if its stretched out over one year. » read more.


Link Category: Payday Loans



21 Jul 14

Activists for and against Payday Loans already rallying lawmakers

Every year, more than 5% of all Americans take out a payday loan. Payday lenders say they provide a valuable service. Others call the product rotten. Alabamas legislature failed earlier this year to pass statewide regulations. However, many cities in our area have imposed their own local ordinances on payday loans. The Alliance for Responsible Lending in Alabama , ARLA, believes lawmakers need to try again to toughen state laws against these businesses. It sounds » read more.


Link Category: Payday Loans



21 Jul 14

Payday loans worry consumers, regulators and lawmakers alike

It seems that Richard Cordray, the director of Consumer Financial Protection Bureau, CFPB, just couldnt catch a break this week. As hes been trying to get people talking about mobile banking technology, his speeches have been overrun by feisty debates and challenges on the issue of payday loans. Payday loans are short-term loans, often available in lower-income areas, that feature punishingly high interest rates and put users on a cycle of heavy indebtedness. In 2010, » read more.


Link Category: Payday Loans



20 Jul 14

Ambitious Uzbeks strive for college education

Seventy-five universities stand ready to enrol freshmen this year. The most capable students are eligible for government scholarships, while the rest will have to pay their own way. Young Uzbeks awaiting the entrance exams – which all universities hold August 1 – have stiff competition from their peers. And this year, familiarity with past exams wont help as a commission overhauled the exams. Uzbekistan is a young country, with 65% of its population 30 or » read more.


Link Category: Educational Loans



20 Jul 14

Back home, offers pour in for nurses’ rehab

Both Govt and NGOs are offering jobs and financial aid to nurses; rehab package will also be extended to other Keralites stranded in Iraq Thiruvananthapuram :¬†After ensuring the safe return of the nurses trapped in war-torn Iraq, Kerala’s Congress-led United Democratic Front (UDF) government has started focusing on the rehabilitation of the returnees. Chief Minister Oommen Chandy has called all 46 nurses, including one from Tuticorin in Tamil Nadu who returned on Saturday, and representatives » read more.


Link Category: Educational Loans




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