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Bad Credit Automobile Loans - Tips On Finding A Good Lender
Much like the bad credit home loan market, the bad credit
automobile loan market is a crowded and competitive arena. If
you find yourself in the position of needing a bad credit
automobile loan use caution in selecting your lender. While...
Interest Only Loans
These days, as people scramble for new and more creative ways to finance buying a home, the interest only mortgage is becoming more common and well known. An interest only mortgage is one in which you have the option of paying only the interest (or...
Is The Use Of "Pay Day" Loans Wise?
Could pay day loans be the answer consumers with low bank accounts have been looking for? Is there any harm in using these services? Aren't they better than using credit cards or going hungry?
You've seen the commercials. Cute characters promise...
The Ins And Outs Of Bad Credit Home Loans
Owning a home is part of the American dream. It's also the biggest purchase that most of us will ever make, and because of that, almost everyone will be borrowing money to do it. Unfortunately, for many people that means a bad credit home loan, and...
What are Personal Loans?
As the term implies, Personal loans are simply loans for any personal use. They're known as personal loans because the money is for personal use, such as buying a car or home improvements. Most lenders do not stipulate what you can spend your...
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Student and Graduate Loans
Student and graduate loans are becoming more popular as student
debt continues to rise and students seek alternative ways of
dealing with it. The good news is that student or graduate loans
are generally available without the need to show steady income
or offer security. This is extremely helpful, as most students
will not have either of these. Student and graduate loans also
come at relatively good interest rates, particularly having
regard to the fact that they are completely unsecured. The thing
to be wary of is that such loans may lock the student into a
long-term relationship with the lender that may not be the most
advantageous one.
Student Debt
Students leaving college today average about £14,000 in debt.
More than two thirds of all students must borrow and the vast
majority of this debt takes comes from special loans provided by
the Student Loan Company. Once the student begins working, the
loans will be repaid, but the interest rates are capped at the
highly attractive rate of 1% above base rate. This is very low
compared to most sources of credit available.
The rules for repayment are simple. Beginning in the April after
graduation, 9% of all earnings above £15,000 are automatically
taken to repay the Student Loan Company. The loans are therefore
very safe, as they are only due once you join the workforce and
begin to earn a steady salary.
Graduate Loans
Graduate loans on the other hand, are far more expensive than
student loans. These loans are generally offered on graduation,
when student loans are no longer available, to cover the costs
of transition from student life to working life. This may
include finding a new place to live, buying work clothes etc.
Graduate loans will also be used to pay off student overdrafts,
which are offered to all
students as standard features of their
bank accounts. The point to remember is that while graduate
loans are relatively cheap when compared to personal loans, they
are far more expensive than student loans.
Employment
If you have a job lined up, you may be able to borrow money from
your new employer at a far better rate. This is one alternative
to graduate loans. Another alternative is career development
loans, which are available to those studying for certain
professional qualifications such as medicine or law. Many high
street lenders offer these.
It can be very easy to lose control of debt while studying. The
credit is very easy to obtain and repayments so far into the
future that they don't seem real. However, high student debt can
seriously hamper attempts to buy a home once you enter the
workforce, or save for a pension. The trends show that while
student debt continues to increase, graduates are faring better,
relying less on borrowing and more on salaries, to meet their
needs.
Joseph Kenny is the webmaster of the loan information sites http://www.selectloans.co.uk
/ and also http://www.ukpersona
lloanstore.co.uk. At the Personal Loan Store you can find
all the different loan
types explained.
About the author:
Joseph Kenny is the webmaster of the loan information sites http://www.selectloans.co.uk
/ and also http://www.ukpersona
lloanstore.co.uk. At the Personal Loan Store you can find
all the different loan
types explained.
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| Personal Any Purpose Loans : Loans.co.uk : Personal Loans UK |
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| FinAid | Student Loans |
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| Online lender offers simplified residential loans and competitive mortgage rates. Headquarters in Livonia, MI. |
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| Mortgage Loans - Compare Mortgage Rates - MSN Money |
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| moneycentral.msn.com |
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| The Student Loans Company Ltd. |
| Provides details of the Student Loans system which is part of the Government's financial support package for students. |
| www.slc.co.uk |
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| Sallie Mae - Private Student Loans, Stafford, PLUS, Student Loan ... |
| Apply online for federal and private student loans, consolidate student loans; financial aid and scholarship information for college, graduate school and ... |
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| Loan Guaranty Service, Home Page (U.S. Department of Veterans Affairs) |
| This page provides content and information related to the Loan Guaranty Home Loan Program. |
| www.homeloans.va.gov |
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| Fool.co.uk - Compare Loans - Personal Loans and Unsecured Loans |
| Compare over 200 UK loans including personal loans, secured loans, and unsecured loans. Search all loans and apply online. |
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| LendingTree Home Loans | Refinance | Home Equity | Mortgage Refinance |
| Service network of lenders that enables consumers to compare rates, apply for and get approval for competitive auto loans online. |
| www.lendingtree.com |
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| Direct Loan Home Page |
| The US Department of Education's lending arm for students in participating schools and student loan consolidation. |
| www.ed.gov |
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| Personal, home equity loans for union members at Union Plus |
| Union Privilege offers Union Plus benefits -- including credit card, mortgage, loans, insurance, scholarships, health care savings and other discounts -- to ... |
| www.unionplus.org |
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| Countrywide Financial - Home Loans - Equity Loan Mortgages ... |
| Countrywide Home Loans is the nations largest independent mortgage lender offering home equity, HELOC, refinance, mortgages, debt consolidation and other ... |
| my.countrywide.com |
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| Secured Loans UK - Secured Personal Loans - accepted.co.uk |
| We search over 200 secured loan plans to find the best deal from our lenders - accepted.co.uk. |
| www.accepted.co.uk |
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| UK Loans : Personal Loans, Secured Loans, Cheap Loan Quotes |
| The UK Personal Loan Store offers comparisons of the UK loans, personal and secured loans. Also offers tips, articles and latest loan news section. |
| www.ukpersonalloanstore.co.uk |
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