Students Emergency Loan Refinancing Act

Democratic U.S. Senator. Elizabeth Warren, of Massachusetts is trying every effort which will benefit the students in long run. She initiated and debated on  the loan refinancing act but the bill failed as only four more votes were needed according to the rule as to have minimum of 60 votes and the bill has 56 votes in its favor.This is in fact a positive response and a debate will still be continued as to get this enacted again. According to the base point it is harsh that students pay higher rates on loans they have availed as to study while other people do not have that much liability on their shoulders. Though this bill is considered as political stunt by the oppositions but Warren is always at the front line in welfare work  and as well as  favoring the students. She is trying every way to persuade the Senate for making this bill to pass and get acted. Continue reading


McCaskill Stands: Demands Fair Rates on Student Loans

Elizabeth Warren, the senior United States Senator from Massachusetts proposed a bill about lowering the  interest rate on student loan reasoning it as a burden on students shoulders as the debt amount is risen very high, but this bill is taken as a political propaganda by the republicans. Their point of view was as how to meet up the decreased loan rate and it is not offering any assistance to the college graduates. Same point of view was given by  the banks as they will be at a total lost situation too. New happenings  has arisen to this debate as McCaskill  (U.S Senator from Missouri) has also backed the, Students Emergency Loan Refinancing Act, to lower student loans. Sharing her personal experiences of using the student loan for pursuing her law degree. She  said students are in so much debt if the loan rate is lowered it will cut off a large debt amount which can be alternatively used in some other fruitful manner by the students. She is sure standing up for the Missouri students who are suffering and lagging behind due to the debt monster. Fact sheet about the crisis depicts it as  huge block in the economical growth road. This debt is stopping a growing proportion of families from buying homes, saving for retirement, and making purchases that are needed for stable  economy .



Should You Borrow money to payoff student loans?

Higher Education is one of the mandatory part of life cycle. It involves a cost factor which should be analyzed for better achievements. Many financial assistant ships  are available which follow some rules and procedures. Student loans are best described as giving money to needy student as to fulfill the basic needs of education like buying textbooks, availing transport facility  and for paying  accommodation charges till the completion of program being enrolled. But these student loans continue to be part of life even after the completion of studies and make pupil so much in debt that no matter how much repayment is made loan is still there to be paid. To get rid of it is to avail some better plan in timely manner. Continue reading

Bad Credit Home Loans for Consumers

Home loans for people with bad credit are available in different varieties for financing a home purchase. These home loans for people with bad credit can be categorized according to the needs of the consumer as well.

There are home loans for those who don’t want to pay down payments, loan amount requested, schedule of repayment and the interest rate. Home loans for people with bad credit do not have a higher interest rate than 12% in most cases.

Home Loans for Consumers with Bad Credit History

Fixed interest rates on home loans for people with bad credit carry a high interest rate. It is best for consumers avoiding high interest rates to reject such loan offers. Apart from this, consumers may be able to save a lot of money if they make higher monthly installment each month.

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Personal Loans Against Home Equity

Personal loans for homeowners have made it easier to finance the different necessities of life. It is important for consumers to realize that remaining equity of their house is still useful. It can be used to obtain a grant for personal loans. These personal loans come in various forms and differ in terms and interest rates.


Individuals who apply for personal loans have already obtained a mortgage approval. Mortgage approval is itself a mark of credibility on consumer`s credit report.

Personal Loans for Homeowners – Loans Against Equity

There are certain benefits which the homeowner receives when personal loans are granted. Personal loans are mostly unsecured loans and they do not require collateral or guarantee. Individuals who cannot afford to secure a loan benefit the most from this facility. Having no problems regarding collateral can be a huge financial relief from economically distressed people.

Amount of Personal Loan Granted to Homeowners

The amount of personal loan an individual receives upon application depends on home equity. Apart from this, the other factor is the loan applicant`s credit report. Individuals who have a strong financial past and impressive credit scores are likely to receive as much as US$25,000. This amount of funds is high enough to pay for emergencies or for utilizing money on luxuries.

Interest Rates on Personal Loans for Homeowners

The interest rates on personal loans for homeowners depend on two factors. These factors are the reliability of the consumer him/herself and the lender. If individuals have a positive credit report, they are likely to receive very low interest rates.

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