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Understanding the basics of student loan forgiveness

Understanding the basics of student loan forgiveness

A student loan is one of the most important reasons behind an increasing financial crisis. A lot of students end up in debt and are unable to make the repayment of their loans. The debt keeps piling on and there is no better way to solve the financial crisis than to offer a student loan forgiveness. There are special programs which have specific eligibility requirements and benefits. These programs allow for complete forgiveness on the outstanding loan amount, which includes the principal as well as the interest. It is important to understand how the program works and how you may be eligible for the same. How to apply for the program You cannot directly apply for forgiveness of the entire loan amount. In order to be eligible for the program, you will have to prove that you have made the required number of monthly payments. You will be required to fill up the necessary forms and ensure that your loan is in the Direct Loan Program. Not many people are aware that they should be a part of the Direct Loan program in order to qualify for the student loan forgiveness program. Benefits of a student loan forgiveness program When you apply for a student loan forgiveness program, you could qualify for a complete forgiveness of the loan after a certain number of years or payments.
Benefits of availing personal loans from LendingClub

Benefits of availing personal loans from LendingClub

Based in California, LendingClub is one of the biggest peer-to-peer lending platforms for loans. Getting a personal loan from LendingClub has many advantages, some of which have been discussed below: Borrow high amounts with great annual percentage rates (APR) LendingClub personal loans provide a funding of up to $40,000. You may borrow up to this amount for any purpose that you want. Depending upon your eligibility such as credit score, debts, salary, age, etc., your APR will be decided. The rates vary between 6.16% and 35.89%. You may check the best rates for yourself on their online portal, without letting it affect your credit score. Make monthly payments Just like an equated monthly installment (EMI), you may pay off your loan in the form of fixed monthly payments. By knowing a fixed duration of paying off your loan and the fixed amount going out from your account every month, repaying a personal loan from LendingClub becomes simple. It also helps you plan ahead and be financially disciplined. Get your money sooner than most loan providers through an easy process The process of getting a LendingClub person loan is incredibly simple and quick. You can apply online within a matter of minutes, see the available APR options, and select an offer that suits you the best.
All you need to know about 401k contribution limits

All you need to know about 401k contribution limits

The 401k is an employer-sponsored savings plan for eligible employees to save for their retirement through deferred salary contributions, which go towards an employee’s 401k account. These are all pre-tax contributions. However, there are certain 401k contribution limits to keep in mind. These have been mentioned below: Basic contribution cap for the year 2017–2018 The limit for basic employee contribution for the year 2017 was around $18,000 per year. It has, however, been increased to around $18,500 for the year 2018. This includes all the contributions made after tax and salary deferrals to a 401k account. In case you have more than one 401k accounts, your contribution limits cannot exceed the limits mentioned above. However, any contributions made to other types of retirement accounts would not come under this limitation. Contribution cap for people aged above 50 The primary purpose of a 401k account is to encourage savings towards a financially-stable future for participants. While young employees need to stay under the limits set by the Internal Revenue Service (IRS), employees aged above 50 years have different 401k contribution limits so that they can save more as they are nearing their retirement age. Apart from adhering to the limit of $18,500 in 2018, they may also contribute a catch-up amount of around $6,000 towards their 401k account to take more benefit of it when they retire.
10 best savings accounts that you should know about

10 best savings accounts that you should know about

It is never a good idea to settle for a savings account without conducting thorough market research. You may compare the benefits that are offered by different banks and make a decision based on your preferences. It is advisable to choose an account that pays a higher interest so as to make the most of your selection. Following are the top ten savings accounts you may consider. Salem Five This bank offers a savings account which is known for the best yield, which is available at a rate of 2.05% APY. Customers Bank The savings account from this bank is also acclaimed for a high yield, which stands at 2.03% APY. Northpointe Bank The savings account offered by the bank is one of the 10 best savings accounts due to the high yield rate of 1.95% APY, which has made it ideal for savers. You can also open a savings account online. Utah First Federal Credit Union This savings account from this credit union is ideal for credit union customers and it offers a yield of 2% APY. CIBC Bank USA This bank offers a savings account with a competitive yield, which stands at 1.90% APY. Citizens Access With a 2% APY, the savings account from Citizen Access is one of the 10 best savings account based on the yield.
Things you need to know about bad credit personal loans

Things you need to know about bad credit personal loans

Every year, thousands of people in the country apply for personal loans to meet their financial requirements. Personal loans may be utilized for any purpose and are straightforward and simple in application. Borrowers with a good credit score will have no issues with regard to the application and approval of their personal loan. However, the story is entirely different if you have a bad credit. Nonetheless, it is not impossible. It is possible to get a bad credit personal loan from various lenders in the market. A score of 550 or lesser than that means a bad credit and most banks and financial institutions will not be willing to lend you money. Tips to build a credit score Here are certain steps that you may follow so that you are eligible for a bad credit personal loan. Rebuild your credit A credit score of 580 is considered to be fair. Hence, if your score is below that, you need to make efforts to reach the fair score. You will still have to pay a higher interest rate, but you will get access to the funds. You will have to collect your credit report and understand how the score is calculated. Report any errors you notice in the report and take small but consistent steps to improve your credit rating.
4 Companies You May Check Out to Buy Gold Bullion Online

4 Companies You May Check Out to Buy Gold Bullion Online

With the advent of the Internet, it is possible to invest in gold and silver from the comfort of your home. However, this does not mean that you do not conduct a thorough research before investing in it. Many investors dive into the gold market without much inquiry or research, which often costs them thousands of dollars. It is important to choose the right company in order to make a secure investment. It might be the most important decision you make before becoming a gold bullion owner. Given below is a list of companies you may choose to buy gold bullion online. J M Bullion A trusted name in the gold bullion market, J M Bullion offers numerous alternatives for you to invest in. You may choose to invest in gold bars or coins based on your preference. The cost will mainly depend on the type or brand you choose and the quantity you decide to invest in. They also offer free shipping for an investment of over $99. GoldCore GoldCore offers gold coins and bars which are easy to purchase. You may buy gold bullion online and have it delivered to you. The options include one-ounce, ten-ounce, and one kilogram of gold bars.
All You Need to Know about Cash Loans

All You Need to Know about Cash Loans

There are numerous reasons why you might need financing. Whether it is for your personal needs or for business needs, financing options are always available for you. As you explore your options, you need to understand the features and the terms of the same. A cash loan is one such option that you should be aware of. What is a cash loan? Cash loan is a short-term loan, which is taken against the credit card line. It will allow you to use your credit card and get a loan. It is different from a cash withdrawal because a cash advance has to be paid back. Basically, you are using your credit card to buy cash instead of goods and services. It is a convenient form of borrowing money instantly. How can you get a cash loan? If you are someone who uses a credit card extensively, you might find it difficult to manage a “cash only” situation. In this case, a cash loan might help you. Many people apply for a loan against their credit card if they do not have enough money in their bank account. You can use the credit card PIN for the purpose of the loan or you can take your card to the bank, which offers advances on the payment network of the card.
An Overview of Installment Loans

An Overview of Installment Loans

There are various types of loans available in the market. All the loans usually fall into two categories—one is an installment loan and the other is a revolving line of credit. Read on to know everything about installment loans. What is an installment loan? An installment loan is where you borrow a certain amount from the lender and you pay the amount and the interest over the tenure of the loan in the form of equal monthly payments. In order to determine whether you qualify for a loan, the lender will look at your credit score and your income to determine your ability to repay the loan. You might have to answer a few questions about your current employment status which will help the lender determine your financial health. How do you get an installment loan? The credit score is a crucial aspect for any loan application process. You need to keep a check on your credit score for a few months before you apply for an installment loan. You might have to take a few steps to improve the credit score if it is not up to the mark. Lenders will also take a look at the debt to income ratio you have.
The Four Elements Of Medicare Insurance

The Four Elements Of Medicare Insurance

A brief overview of the four parts of Medicare insurance Medicare is one of the prominent insurances in the United States’ federal medical insurance policy. It is suitable and approved for people who are above 65 years, younger individuals with certain specific disabilities, and those affected with end-stage renal failure. There are four parts to a Medicare insurance policy with each one catering to specific needs. There is original Medicare and Medicare Advantage plan. Parts A and B belong to the original Medicare plan, Part C comprises the benefits offered by private insurance providers which are approved by Medicare, and Part D covers prescription drugs. There are many rules, appropriate costs, and special coverage restrictions for all the categories. Part A of the Medicare insurance covers hospital costs. 80% of expenses incurred for hospitalization for two months, or hospice, or skilled nursing care is taken care of by this. This is an assured, free-of-cost service for all citizens of the United States and their spouses who have worked and paid taxes to the Federal Government for at least ten years. And for the rest, Part A of the Medicare insurance can be availed for a monthly premium. Part B includes doctor’s fees, outpatient services, preventive and rehabilitative care, medical supplies, mental health care, etc.
Understanding the car insurance market

Understanding the car insurance market

If you own a car, you must know that to maintain a car with is very costly. To add to this is the car insurance. But there is good news for all the car owners that the car insurance premiums have started to come down in recent times. However, this does not cut down on your expenses. It will surely give you a big bite as usual. So, it is necessary for you to learn a few things about the different policies on offer. Legal requirement and risk factors: Do not run your vehicle without insurance as it is illegal. If you get caught with an uninsured car, you will have to give a penalty and eventually your vehicle will be seized and destroyed. As car insurance is all about risks, the more risk it covers, the more expensive it will get. Insurance companies look into various aspects before quoting a premium. Among those, your age plays a significant role as if you are an older person you are less accident prone than the younger people. Types of car insurance: There are three types of car insurances. One is third party car insurance which is the most basic and minimum legal requirement.
How to invest in crude oil futures

How to invest in crude oil futures

Crude oil futures, as a trade, have offered an excellent profit opportunity for many years. It has an active price range and action which makes it a part of the dynamic market. They are traded on the New York Mercantile Exchange (NYMEX). Every contract is standardized, and each contract comprises 1,000 barrels. The price of the crude oil futures changes by a single tick increment. You may handle the crude oil price risks by strategically trading in crude oil futures. The manufacturers of crude oil may choose a strategy of a short hedge in order to fix a specific selling price for the oil. Businesses that use crude oil as a raw material may opt for a long hedge to set a purchase price for the oil. In addition, speculators trade crude oil futures, who purchase them with an expectation that the prices will rise in future. When the price increases, they sell the futures and generate profit on the same. The global market cannot be timed and is impacted by a number of factors in the industry and global economy. Investing in crude oil futures The idea behind crude oil futures is to build a connection between the producers and the consumers of crude oil.