Question by redemption99: How long do you have to pay off a student loan?
I am going to be getting a student loan very soon for college preferably from the federal government and am wondering how long they give you to pay it off.

Also how do you pay it off is it a monthly payment or something?

Also what is the best place to get a loan from a bank, private company or the government? Thanks for any help.

Best answer:

Answer by rives
1
Budget your finances. It is essential to create a budget so you can keep track of how much money is coming into your bank account, and how much money you are paying to cover expenses.

2
Identify areas in which you can cut back on spending. Look at your budget and focus on areas in which you spend a lot of money. Consider ways to spend less. For example, if you spend most of your money on groceries, find ways to spend less (e.g. shopping at a farmers’ market or buying a Costco membership to buy food in bulk). Money saved through restricting unnecessary shopping can be devoted to paying off your college student loans.

3
Consolidate your student loans. Contact your loan provider, financial institution or bank (e.g. Sallie Mae) and ask if you are eligible to consolidate multiple student loans. Streamlining your student loans makes payments easier. It also helps to combine interest rates to take advantage of lower rates and save money in loan payments in the long run.

4
Ask for student loan payment deferrals if you are unable to make your student loan payments on time. Individuals who have lost their job or are undergoing economic hardship can sometimes defer student loan payments. This is especially true for student recipients of U.S. federal government loans, such as the Perkins or Stafford loan program.

5
Focus on paying off your student loan sooner than later. The longer you plan to pay off your student loan, the more you end up paying in interest. You may be paying less per month in student loan repayments, but an extended loan repayment plan means you end up paying much more in interest.

6
Check to see what tax benefits you can get from paying your student loan. This can help you save more money and devote more of your budget to getting rid of student loan debt. Depending on your tax bracket and job, you may be able to deduct your student loan payments from your income. Consult a financial adviser or tax preparer to determine your eligibility.

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The Rock and Roll Hall of Fame and Museum Announces its Newest Featured Exhibit: Grateful Dead: The Long, Strange Trip

Cleveland, OH (PRWEB) January 19, 2012

The Rock and Roll Hall of Fame and Museum is proud to present a major exhibition devoted to a truly unique American rock and roll band, Grateful Dead: The Long, Strange Trip. The exhibit will open to the public on Thursday, April 12, as a part of the 2012 Rock and Roll Hall of Fame Induction Week events. The Mickey Hart Band, featuring the Grateful Dead drummer, will perform on the Rock Hall’s Main Stage for an exhibit opening event on Wednesday, April 11.

“The Grateful Dead is a band that is identified with a remarkable era in American history, and, inasmuch as they embody that era, their work is timeless,” says Jim Henke, vice president of Exhibits and Curatorial Affairs. “They’ve inspired many performers and bands, but none has exhibited their musical depth and cultural resonance. In a 30-year career, this group wrote their own rules and created a community unlike any band before or since.”

Grateful Dead: The Long, Strange Trip explores the band from a non-linear point of view. Individual sections within the exhibit will be devoted to Grateful Dead as a recording group and a touring band, the fans who devotedly followed them, tapers and fellow travelers (people who were important to the band). It will include finished and working manuscripts for classic songs, handwritten notes from legendary taper Dick Latvala, artifacts from original sound designer Owsley “Bear” Stanley, and promoter Bill Graham’s Father Time robe and Grateful Dead Hotline answering machine.

Art and design have always been closely associated with Grateful Dead, and this exhibit will include an unprecedented collection of original artwork that is immediately recognizable from the band’s album covers and posters. It will feature numerous instruments used by the Grateful Dead over the years, including keyboards, drums, percussion, guitars and elements from the legendary Wall of Sound PA system. The Grateful Dead Archive at the University of California-Santa Cruz has loaned a significant number of items from their extraordinary collection, which will open to the public in Spring 2012.

Additional highlights include:

        Five Jerry Garcia guitars, including his Travis Bean TB5
     Mickey Hart’s custom-painted drum kit
     Two Bob Weir guitars, including his first Ibanez “cowboy” custom guitar
     Several original lyric manuscripts, including “Truckin’,” “Box of Rain” and “Sugaree”
     Several original Grateful Dead-related artworks, including images from Workingman’s Dead, Without a Net and Fillmore Auditorium poster art
     Bill Graham’s “Father Time” robe

Formed in Palo Alto, California, in 1965 from a previous incarnation as a bar band called the Warlocks, the Grateful Dead were at the epicenter of the sweeping cultural event that was San Francisco in the Sixties. Their music was informed by a diverse set of influences – contemporary classical composition, bluegrass, rhythm & blues, free jazz, rock and roll and the blues. Fueled by a cultural underground of writers, poets and bohemians that stretched from Oakland and Berkeley in the East Bay to Palo Alto on the peninsula, the Grateful Dead developed an ethos that embraced true artistic pursuits over commercial concerns, improvisation over rote arrangements and mind expansion through the use of psychedelic drugs.

At the exhibit opening event on the 11th, Mickey Hart Band will perform new songs from his forthcoming album to be released this spring as well as Grateful Dead classics. Hart will be touring this spring in support of his new album which he told Rolling Stone features samples of “light waves from the cosmos, starting 13.7 billion years ago with the Big Bang.”        

This exhibit will be open through December 2012.

About the Rock and Roll Hall of Fame and Museum

The Rock and Roll Hall of Fame and Museum, Inc. is the nonprofit organization that exists to educate visitors, fans and scholars from around the world about the history and continuing significance of rock and roll music. It carries out this mission through its operation of a world-class museum that collects, preserves, exhibits and interprets this art form and through its library and archives as well as its educational programs.

The Museum is open seven days a week from 10 a.m. to 5:30 p.m. On Wednesdays (and Saturdays through Labor Day), the Museum is open until 9 p.m. Museum admission is $ 22 for adults, $ 18 for adult residents of Greater Cleveland, $ 17 for seniors (65+), $ 13 for youth (9-12). Children under eight (8) and museum members always free, for information or to join the membership program call 216. 515.8425. For general inquiries, please call 216.781.ROCK (7625) or visit http://www.rockhall.com. The Museum is generously funded by Cuyahoga County residents through Cuyahoga Arts and Culture.

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Question by erin: How is it different to take a loan from your 401k versus cashing it out?
If I take what is called a loan from my 401k when do I pay the tax burden?

Best answer:

Answer by Russ B
You don’t have to. That’s a difference between the loan and cashing it out. With the loan, all you have to do is pay it back, generally at an interest rate of prime plus 1 or 2.

Give your answer to this question below!

Escape Plastic City hostess with the mostess, Loan Mas talks to Dustin Dollin about love, life and skating as art. for more, take a look at www.thevine.com.au
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Question by ☆skyblue: How do I choose a bank for pre-approval on a home loan?
I’m currently renting an apartment and want to purchase a home. I first need to get pre-approved for a home loan so I know what type of house I can afford. What should I look for in a bank when considering a home loan? Should I stay with the bank I currently have a bank account with or look at other banks also? If I contact a bank, are there specific questions I should ask to know if they’ll give me the best loan offer?

Best answer:

Answer by Harley
I purchased a home in the states several years ago. First off, I researched and found the average intrest rates (at the time, 5 percent). I then took this information and refused to accept anything but the average and naturally anything below it.

My relator had several lending agencies lined up. Perhaps you arent using a relator? No problem! Simply call up lending agencies… honestly, it was as easy as calling them up and asking what the going rates are, seriously. I dealt directly with the owner/leader of a lending company and even later saw him on local commercials advertising their buisness. They WANT to work with you, they WANT your buisness. Contact them.

Know better? Leave your own answer in the comments!

Loan at The Ambassador Hotel


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FinancialSuccessInstitute.org Announces New Training Enabling Investors to Take Full Control of Their Financial Future With A Self Directed IRA Checkbook

Richard Geller CEO and managing director of Financial Success Institute

Fairfax, VA (PRWEB) January 19, 2012

Richard Geller, CEO and managing director of FinancialSuccessInstitute.org, stated today, “Readers can immediately learn the tremendous advantages of owning a self directed IRA checkbook account by reading this article describing the many alternative wealth building investments enabled by opening a Self Directed IRA Checkbook Account.

Geller asserts, “It’s only through self directed IRA checkbook control that investors actually have physical possession of their investment assets. The new training offered by Financial Success Institute shows investors how they can open a self directed IRA checkbook account. The main objective of the new training is educating our subscribers about how important it is that they be able to write checks directly from their retirement accounts. When investors control a self directed IRA checkbook, they take control away from third party custodians that have been known to abscond with the assets owned by the investor. Evidence that investors can lose their assets to a custodian if they don’t have physical control can be found in this article about the MF Global scandal – Self Directed IRA Checkbook Control.”

Geller continues, “Besides the additional level of security provided by the self directed IRA checkbook, it enables investors to move quickly when an exceptional investment opportunity presents itself. For instance, investing is distressed real estate is something else taught by Financial Success Institute. When a seller needs to sell a distressed property, they often must do it very fast. The owner of a self directed IRA checkbook might offer 60% of market value for the property. Another investor might offer 85% of market value. If the self directed IRA checkbook investor can write a check on the spot he or she has a good chance of convincing the seller to take their offer rather than waiting weeks to see if the higher offer can obtain financing in today’s tight loan market. Being able to move instantly is a big advantage for owners of a self directed IRA checkbook.”

Geller concludes, “FinancialSuccessInstitute.org subscribers learn from the new self directed IRA checkbook training that there are many highly profitable investments that are only available when an investor can take advantage of a fleeting opportunity by having a self directed IRA checkbook. Foreclosure sales and tax liens are other examples where an investor must have the ability to immediately write a check from their self directed IRA checkbook.”

About FinancialSuccessInstitute.org. The Institute is devoted to educating readers and subscribes about investing alternatives and safeguarding wealth once acquired. Information regarding the self directed IRA checkbook is only a small sample of resources available to subscribers. Besides details about the self directed IRA checkbook, other information readers can access includes the real estate IRA LLC, self directed 401K, debt settlement, legally minimizing taxes, tax lien investing, asset protection, and precious metal investing.

Disclaimer: Information here and at FinancialSuccessInstitute.org is not legal or professional advice regarding the self directed IRA checkbook account or any other retirement account activity. It’s intended only as general information sharing. Seek professional assistance regarding your specific circumstances and applicable laws to assure you fully understand how the self directed IRA checkbook can put you in control of your financial future or before taking any other retirement account action.

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Question by ionic_mind: How can a student with bad credit go about getting a good student loan for University college?
I am a student going to a community college on full scholarships. However, next fall I am planning to go to Mississippi State University. My problem is, even though I am only 19, I have already defaulted on a loan and stopped payments on a cellular phone contract. My credit isn’t even good enough to get a Wal-Mart card anymore. I am trying to get a hefty student loan to pay for my school expenses in my quest for higher learning. I would get a co-signer but no-one in my family has a good credit score either. So how would someone in my position go about getting a good loan for college?

Best answer:

Answer by Texan
Having bad credit means you’re a bad risk. You should try to clean up your credit first. Would you loan money to someone that has a proven track record of not paying you back? I don’t think so.

Know better? Leave your own answer in the comments!

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Question by …: Take out a loan to study abroad during the summer?
Basically paying for college myself without any family help. I work while I go to school and each semester have enough at the end to pay for the next one. Depending on how much I can put away the loan will be from 1000-2900. Probably be the only loan that I would take out during college (I’m doing my last two years). Worth it? The study abroad is something I really want to do but I was always taught by my family that debt is something that I do not want.

Best answer:

Answer by Lisa C
If you’ve been this hard working while you’ve been in school, supporting yourself without loans, I commend you! Paying as you go isn’t easy, and you’re way ahead of where most of your peers are.

If this is something you’re really passionate about, taking out a small loan will probably be worth it. Usually I advocate against our students taking out a lot of debt, but this is a fairly small amount of money, and it sounds like you have a solid head on your shoulders. Keep up with the hard work, and pay off the loan as quickly as possible, and you’ll be fine!

Give your answer to this question below!

offto.net GOHERE to get 00 the EASY AND CHRISTIAN way ( Do you need an advance before your next paycheck? Do you want to invest in a Christian small business? We’re the people you’re looking for! )
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Feline Non-Profit FixNation Asks For a Helping Paw

Fix Nation

Los Angeles, CA (PRWEB) January 19, 2012

FixNation, a Los Angeles-based non-profit group devoted to ending feline homelessness by offering free spay and neuter services to caregivers of community cats, announced today that operations will be drastically reduced if a fundraising goal of $ 500,000 is not met by March 2012.

FixNation is the only feral feline spay and neuter organization of this magnitude in the country. Through this program, which promotes and furthers the community based method of homeless cat population control known as Trap-Neuter-Return or “TNR”, FixNation sterilizes more than 70 cats each day and will have successfully trapped, neutered and returned 80,000 cats by the summer of 2012. To date, there are 7,076 volunteer trappers and caregivers that have embraced FixNation and contributed to these results.

With financial support from a major donor, FixNation launched in July 2007, but after this year that five year start-up grant has ended and officials with the organization say they’re on the verge of having to dramatically cut back operations in 2012.

“The shame of this is that we are making a huge impact, yet still have so much more work to do,” said Karn Myers, co-founder of FixNation. “Our charity needs charity in order to continue. Assembling all known TNR resources under one roof and applying them to the problem on a massive, full-time scale is something very few other organizations can do.”

Often referred to as “ground zero” for advancements in the feral feline community, FixNation hopes to serve as a working model for other organizations to follow by demonstrating the effectiveness of TNR in a large urban environment. Through the free feral program, FixNation provides the community with information about the trap, neuter, return method including loaning traps, how to trap, colony management, and community outreach. In addition, FixNation provides services above and beyond the typical homeless feline spay and neuter clinic such as antibiotics, fluids, pain medication, vaccines and flea treatments, all of which are performed free of charge for animals with no caregivers. The organization also provides reduced rate spay and neuter surgery for tame cats and kittens of low-income families which is a critical component to reducing homeless cat populations.

FixNation remains booked with spay and neuter appointments and volunteer trap training for weeks in advance. While performing surgery on nearly 18,000 cats each year, there continues to be a critical need for this service. With an estimated one million homeless cats in Los Angeles alone, FixNation and the communities committed to helping these cats through TNR need the time and support to show its effectiveness in dramatically reducing the feral feline population. Slowing operations due to a financial shortfall will have a negative impact in Los Angeles and the progress made so far.

About FixNation

FixNation is a non-profit organization based in Los Angeles that supports Trap-Neuter-Return. The group, founded in 2007, provides a free, full-time spay and neuter clinic for homeless stray and feral cats, plus low-cost, spay and neuter services for tame pet cats. The group loans out humane traps to the public free of charge, provides training on how to humanely trap feral cats and kittens, offers guidance and information on long-term care and management for feral colonies and engages in extensive community outreach activities. For more information, visit http://fixnation.org/.

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Question by : How can I use my VA home loan Certificate with bad credit and my wife has good credit?
We found a great deal on a great dream home. My wife has been pre-approved for a 150k home. The home we are attempting to buy has been countered at 165k We are prepared to put down 6k. That leaves a 9k gap.I am a veteran and would like to use my VA garantee on the loan if possible to either cover this gap or get 100% financing.

Best answer:

Answer by LinkTheWorld
As far as I know VA doesnt really care about credit. You should be doing a JOINT application with you and your wife, so you can use your VA status for 100% financing.

I am sure with your income you would be able to get approved for the 165k or higher even depending on what you bring in.

It should not be that hard to add you to the application so call your mortgage person monday morning and tell them what you want to do!

Good luck.

What do you think? Answer below!

Los Angeles Area Debt Settlement Company Launches Debt Relief Blog

Simi Valley, California (PRWEB) January 19, 2012

ACI-Solutions (http://www.aci-solutions.com) has launched a blog called The Debt Pro. The Debt Pro blog will focus on educating consumers about their options for debt relief, explaining the difference between debt consolidation, debt settlement, filing for bankruptcy and other debt relief activities. The Debt Pro blog will also publish information about debt settlement companies that are being sanctioned by the Federal Trade Commission (FTC) because they continue to use unfair or fraudulent business practices that hurt consumers seeking debt relief.

“I’ve been working in the debt relief industry for eight years,” said The Debt Pro author and President of ACI-Solutions, Darrell Warner. “ACI has never charged our customers up-front fees for debt settlement services and have always delivered debt settlement results to the best of our abilities given our clients’ situations. I am writing The Debt Pro blog to expose the bad guys that continue to take advantage of consumers, and to give consumers the information they need to get help.” ACI, Inc. has an A-rating with the Better Business Bureau. Debt settlement is the only service ACI-Solutions provides.

Founded in 2004, ACI, Inc. helps consumers become debt free using settlement programs tailored to fit their personal needs and their ability to repay. ACI, Inc. negotiates and finalizes debt settlements prior to calculating and charging a fee to the consumer, a practice that became a law by the Federal Trade Commission as of October 2010. The company provides budget analysis and savings and debt management tips to its customers, so that once their debt is settled they have more of a chance to maintain their financial freedom in the future. ACI’s process includes a free consultation when consumers call in to assess each situation and evaluate all viable options. If debt settlement is the best program for the consumer, ACI develops a payment plan for debt management tailored to each person’s budget and decides on an appropriate time frame for the consumer to get out of debt as quickly as possible. Unsecured debts that are eligible for settlement are Credit Card/ Department Store debt, Medical Bills, Personal Loans (unsecured), Repossessions, Past Due Utility Bills, Overdue Rents, and 2nd Mortgage Deficiencies (from foreclosure or short sale). For more information about ACI, Inc., call 1-888-420-4791 or email info(at)aci-solutions(dot)com, and visit ACI’s website.

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Question by : Is it possible to have my loan money disbursed 3 weeks earlier than the actually disbursement date?
I need to pay my quarterly university fees and I am short unless the loan money comes in early (payment date is 3 weeks before disbursement date). The lender is Citibank btw.

Best answer:

Answer by Lizzy
probly. if you have good credit, and if you tell them whats going on.

What do you think? Answer below!

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Question by John H: Can I get a student loan while paying a current car loan?
I have a little less than $ 5000 more to pay off on my car loan. I am trying to get accepted to a good 4 year college (one that is going to cost me about $ 36,000 a year). I am currently entering my second year of community college. I want to get a $ 40,000 loan. My credit score is about 730. Would getting a $ 40,000 loan for my junior year and another $ 40,000 loan for my senior year be a problem? Also, is it legal for me to use $ 5000 of the first loan to pay of my car loan?

Best answer:

Answer by ladybug
Yes you can.. It is possible. I did it. The money left over after your school fees are paid you get to keep. I use it to pay bills or to live off of. It doesn’t matter what you do with it because in the long run you will have to pay it off anyway.

Add your own answer in the comments!

Sainsbury’s Finance announces new personal loan rate of 6.1% APR representative on loans between £7.5K and £14,999

(PRWEB UK) 19 January 2012

Sainsbury’s Finance has reduced its Standard personal loan rate to a best buy 6.1% APR(1) Representative for loans between £7,500 and £14,999. Available to Sainsbury’s shoppers applying with a Nectar card, those seeking a loan can apply via Sainsbury’s Finance’s website and a number of aggregator sites.

For those who more regularly shop in Sainsbury’s and enjoy the benefits of earning Nectar points, the supermarket bank has also increased the customer reward available on its Shopper Reward Loan, between £7,500 and £15,000. In addition to a competitive 6.9% APR Representative, Sainsbury’s shoppers will benefit from a £100 Sainsbury’s gift card and a double Nectar point reward for two years. The total package is a market leading offer for the Sainsbury’s shopper(2).

Indeed, when combining the benefit of the £100 gift card, the competitive rate and double Nectar reward, based on a £50 weekly shop, shoppers could reduce their total repayment by up to £152. Shoppers spending £100 a week in store could reduce their repayment by up to £204(3).

Steven Baillie, Head of Loans at Sainsbury’s Finance said: “We continually offer competitive rates for our customers and reward them for their custom, so the new rate is great news for Sainsbury’s shoppers.

“For those who spend around £50 or more in store, it’s worth considering our Shopper Reward Loan – when taking into account the Nectar points earned and our gift card, it can make a significant difference to the total repayment.

“Plus the more Nectar points earned in store, online and in Sainsbury’s petrol filling stations, the greater the benefit.”

Based on loans of £7,500 taken out over 4 years. Calculated by looking at the total repayment for 6.9% then subtracting the benefit of the combined reward – conditional to collecting Double Nectar over two years and redemption of the £100 gift card. Tesco/ Nationwide/Santander/ information sourced from Moneysupermarket.com 13/01/12

Note: Sainsbury’s new reduced rate on Standard loan at 6.1%.

Notes to editors:

(1) Rate competitive and correct at time of going to press 13/01/12

(2) Analysis of Moneysupermarket data and provider sites 13/01/12

(3) Based on loans of £7,500 taken out over 4 years. It assumes a weekly £50 shop over the course of the two year Double Nectar point offer and redemption of the £100 gift card. Applicants will have to be Nectar card users and will have to supply their Nectar card number on applying for the loan. Full terms and conditions are available at http://www.sainsburysfinance.co.uk

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Question by Mortgage Specialist Veronica: How can I get a 00 loan to make a late mortgage payment current, right before the refinancing?
I have a client that needs to make his late mortgage payment; up to date before we can process his loan and close it. He only needs $ 3000. What options do we have?

Best answer:

Answer by asajous
Find a Hard Money Lender to borrow it and place it as a payoff for the refi through the attorney, HURRY!

Give your answer to this question below!

Well I think the title will sum this one up. Yes, I did loan my car to my brother the other day only to get it back with a bad distributor, luckily I had one in a box, not the correct one but one that worked. This also covers firing order and a few other tips should you have to replace the igniter or coil. In my opinion the only things you should automatically replace a distributor on a Honda or Acura for are the bearing going bad like in this video or oil leaking inside the assembly. I don’t think they should ever be automatically replaced for a no start. I also highly recommend using Honda ignition parts, if not you may be sorry. There will be a “sequel” to this covering setting the ignition timing, click the link below. www.youtube.com Visit me at EricTheCarGuy.com www.ericthecarguy.com As always, stay dirty ETCG Disclaimer:Due to factors beyond the control of EricTheCarGuy, it cannot guarantee against unauthorized modifications of this information, or improper use of this information. EricTheCarGuy assumes no liability for property damage or injury incurred as a result of any of the information contained in this video. EricTheCarGuy recommends safe practices when working with power tools, automotive lifts, lifting tools, jack stands, electrical equipment, blunt instruments, chemicals, lubricants, or any other tools or equipment seen or implied in this video. Due to factors beyond the control of EricTheCarGuy, no information contained in this video shall create any …
Video Rating: 4 / 5

Ohio’s AgriPOWER Institute Receives Farm Credit Services of Mid-America Gift

Louisville, KY (PRWEB) January 19, 2012

Ohio Farm Bureau Federation’s AgriPOWER Institute trains promising young farmers and agribusiness professionals to become strong leaders and advocates for Ohio agriculture. David Benavides, northeast Ohio regional vice president for Farm Credit Services of Mid-America, is a 2010 AgriPOWER grad who found his yearlong experience in the program to be a real eye opener.

“It was very much like ‘taking the blinders off,’” said Benavides. “Not only did I learn about diverse types of farming operations across the state, I got to know many young leaders whose passion for agriculture and abilities are absolutely amazing. It also really helped me see a different side of farmers, and how policy changes can directly affect their lives and livelihoods.”

Benavides was so impressed with his experience that when he had the opportunity to give something back, he responded by helping AgriPOWER secure a $ 4,500 Farm Credit corporate stewardship donation. The gift was presented recently and will fund the tuition for a future member of the Institute.

“We’re extremely appreciative of Farm Credit’s gift,” said Sandy Kuhn, AgriPOWER director. “It seems like agriculture is constantly finding itself on the defensive about any number of issues these days, and AgriPOWER is developing future leaders and current advocates to be better able to tell agriculture’s story—like how important it is for each of us to eat on a daily basis, and how Ohio farmers are doing the right things, at the right times, for the right reasons. This gift helps us accomplish those kinds of objectives.”

Farm Credit’s David Benavides secured the recent donation to AgriPower. He is pictured here (standing far right) with his 2010 Class during a breakfast at the Ohio Governor’s Residence and Heritage Garden.

The AgriPOWER Institute was launched in 2008 by the Ohio Farm Bureau Federation as an elite program for highly-motivated young farm leaders and agribusiness professionals. The yearlong program focuses on public policy issues confronting agriculture and the food industry such as animal activists, climate change and trade policies. It helps participants develop the skills necessary to become effective leaders and advocates for agriculture by learning from experts in these fields.

The program consists of seven multi-day institutes (17 days total) and covers public policy matters facing local communities, the state of Ohio, the nation and the world. One of the sessions is held in Washington, D.C., to help class members gain a better understanding of national and global issues. To date there have been three classes of the AgriPOWER Institute, with 62 alumni. Class IV is currently in progress with 19 participants.

Kuhn said that follow-up studies have shown that AgriPOWER has been effective in preparing participants to move into leadership positions in local boards, churches, Farm Bureaus, and chambers of commerce, as well as some state organizations. Benavides feels that the training he received gave him a much greater appreciation for the need for people to speak up about agriculture.

“It helps participants understand that we have a voice and that we need to be telling the stories of what farming really is, rather than the perceptions many people today have,” he said. “It’s our job to educate consumers what farmers do, why they do it, and where their food comes from. That’s why I wanted to help Farm Credit give something back (to AgriPOWER). For things that are important to agriculture, we need to be engaged.”

About Farm Credit Services of Mid-America

Farm Credit Services of Mid-America is a $ 17.1 billion financial services cooperative serving over 92,500 farmers, agribusinesses and rural residents in Kentucky, Ohio, Indiana and Tennessee. The association provides loans for all farm and rural living purposes including including real estate, operating loans,equipment loans, and housing loans. FCS also provides an array of financial services, including crop insurance and leases. For more information about Farm Credit, call 1-800-444-FARM or visit them on the web at http://www.e-farmcredit.com.

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Question by Amorican: What are the risks associated to an UNsecured small business loan?
I am working on starting a small business soon. I am financing a big chunk myself but need a small business loan for more than half of the start-up cost.
I have been told by different professionals out there that with my age, credit score, and years of established credit I would easily qualify for an unsecured business loan, meaning that I don’t have to put my house and other assets on the line. This is obviously a huge benefit, but aside from an APR higher than one on a secured loan, and expensive loan fees, what are the risks and downsides of an unsecured loan? Also, do you know of any financial company who offer such loans fee-free?

Serious answers only please, and thanks in advance for your help.

Best answer:

Answer by luckyaz128
I cannot believe that any legititate lending institution is going to make an un-secured loan to a start-up business. There are thousands of small business professionals out there with established businesses would kill for a un-secured loan.

But anyway, good luck with your new business.

What do you think? Answer below!

U.S. Consumer Debt Highest in 10 Years: ConsolidatedCredit.Org Proposes Halt on Credit Card Spending

FT. LAUDERDALE, Fla. (PRWEB) January 18, 2012

According to the Federal Reserve, consumer borrowing surged in November by $ 20.4 billion raising the consumer debt total to $ 2.48 trillion. Financial experts at Consolidated Credit Counseling Services, Inc. advise consumers to reexamine spending habits.

With more consumers turning to credit for purchases, revolving debt showed an 8.5 percent increase. Credit card debt accounts for almost all of revolving debt, which rose by $ 5.6 billion to $ 798.3 billion. This was the largest percentage jump since March 2008.

Howard Dvorkin, CPA and founder of ConsolidatedCredit.org warns consumers to be fiscally conservative as the recession is not over. “American households are feeling better about the economy, but in reality unemployment is still high. Now more than ever families need to work at saving and paying off any outstanding debts,” says Dvorkin.

Non-revolving debt significantly increased 10.7 percent landing at $ 1.68 trillion. Non-revolving debt includes auto loans and student loans, as well as loans for mobile homes, boats, and trailers.

“November kicks off the holiday shopping craze with Black Friday and Cyber Monday falling towards the end of the month. Consumers turned to credit for purchases they couldn’t otherwise afford.” says Dvorkin. “As the bills begin to roll in, consumers may find themselves unable to pay them off. It’s good to see an increase in consumer spending but never is it worth going into debt.”

Consolidated Credit’s Tips for Paying Off Credit Card Debt:

List all debts: Make a list of all credit card accounts include the account number, interest rate, outstanding balance, payment due date, credit limit and the minimum payment. Not only does this keep things organized but it better prevents bills from being late or unaccounted for.

Pay more than monthly minimum: Try to pay more the than just the minimum amount due. Any amount paid over the minimum goes directly towards the balance owed. This allows debt to be paid off faster reducing overall interest.

Make payments on-time: Falling behind on payments only causes unnecessary fees. Set up automatic payment plans to avoid late fee charges.

Avoid accumulating new debt: Now is not the time to apply for new credit cards or loans. Focus on paying off debt already established. It’s difficult to get out of debt when new debt is mounting. Use cash for purchases rather than credit.

Pay off high interest rate debts first. The most efficient way to resolve debt is by paying down the highest interest rate balances first. Once high-interest debt is paid down, tackle the next highest, and so on. Continue paying the minimum due on all other debts.

Don’t hesitate to ask for help. There are reputable debt-counseling agencies that consolidate debt and teach individuals to manage their finances better. Consolidated Credit conducts a free debt analysis and dispenses free advice on a daily basis. If someone needs help they can speak with a counselor with no obligation or visit ConsolidatedCredit.org.

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About:

Consolidated Credit Counseling Services, Inc., founded in 1993, is one of the nation’s largest credit counseling organizations in the country and has helped over 5 million people with financial issues. Their mission is to assist families throughout the United States in ending financial crisis and solving money management problems through education and professional counseling.

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