Monday, January 23rd, 2012
How FICO scores are determined A FICO score is derived from a complex algorithm that weighs different aspects of your past and present financial situation in order to predict how good of a credit risk you are likely to be in the future. Each factor is weighted differently depending on …
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Sunday, January 22nd, 2012
For this situation, the student loans were invented. These loans allow students to spend money that they do not have. The money has to be returned after graduation. And there is an interest rate too. Sometimes many fresh graduates find it hard, if not impossible to pay these loans. But …
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Sunday, January 22nd, 2012
When it comes to student loans, the biggest question is whether to consolidate your loans or not. In some cases, consolidating your loans can lower your monthly payments and help you avoid high interest rates which is a winning combination that can save you money in the short term and …
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Wednesday, January 18th, 2012
However, be advised that if you already have accumulated bad credit, you’re most likely going to only find loans that come with high interest rates attached. The good news is that you won’t have to start paying back that student loan until you’re finished with school, so you can start …
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Tuesday, January 17th, 2012
Ease the Pressure on Your Monthly Budget By consolidating loans, students will be able to ease the pressure on their monthly budget by 10 to 60 per cent reduction in their monthly budget. In fact, students could also save money by using their student loan payment savings to pay off …
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Friday, January 13th, 2012
Have you ever considered the possibility of consolidating your student loans? When you consolidate, you take all your student loan payments and combine them into one new consolidated student loan, one with a much lower payment total than what you had been paying. The most common reason graduates choose to …
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Thursday, January 12th, 2012
These costs are spread over a variety of areas. Accommodation and other living expenses represent the largest portion of the expenditure. Added to this is travel to and from university, holiday and summer travel expenses, and entertainment. While students are generally financially responsible and not as out of control as …
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Sunday, January 8th, 2012
Applying for an individual student loan can lower the interest rate because places offer incentives to use them for the loan. Some companies offer a lower rate for having the monthly payment automatically deducted from your account. There is also a benefit by making so many consecutive payments, on time, …
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Friday, January 6th, 2012
Loan consolidation entails taking out a single loan in order to pay off several others. This is done for convenience, as you can often get a lower interest rate, and you only have 1 monthly loan payment to keep track of. It is also good for your credit history. Often, …
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Monday, January 2nd, 2012
A student loan is simply a form of financial aid to help pay for the costs of attending a college or university. This money must be repaid (with interest) which is why it is a loan and not a grant or a scholarship. Grants and scholarships usually do not have …
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