Monthly Archives: December 2016

Nine Ways To Save with Student Loans

When it comes to student loans there can be a number of ways that you can actually save money. In a lot of cases, many students often have multiple loans and many of these may all have different interest rate and terms.

Having many loans against your name can have a detrimental effect to your overall credit score.

Let’s look at some ways in which you can save both financially and monetarily with your student loans.

Tips to Save With Student Loans

  1. Consolidation. You can save several ways when you consolidate all your loans, you will save money over the long term and you will save your credit rating by only having one loan, this will give you a better long term score also which will help you well into the future.
  2. By consolidating, you will also have a greatly improved Debt-Income ratio which will make a significant impact on your ability to obtain a housing or vehicle loan later in life.
  3. When you consolidate your loans, you will not have to depend on using credit cards as much which means that you will have even more savings on interest charges.
  4. Develop a financial management plan that will help you keep a track of your finances this will also help to keep you more aware of your payments.
  5. When you consolidate now, you will be locked into the interest rate right now and so you will save money from increasing interest rates in the future because yours will stay the same.
  6. When you consolidate, you will be in a position to obtain even more discounts, many companies offer more discounts you just need to find the ones that do.
  7. When you arrange to have your payments deducted automatically then you will also be eligible for a more favorable interest rate on your loan and even more when you always make your payments in a timely manner.
  8. Choose the right time when you need to have your loan deferred when necessary because your accruing interest will stop also saving you a little more.
  9. Think about setting up some sort of passive income while you are studying. There are many different low cost or no cost businesses that you can set up online and this way you will building for your future as well.

I hope that this article about student loans has been of help and I wish you well with your studies.

Facts about Student Loans

One of the questions that most students are asking today is that of ‘how can I get student loans?’, it seems to be at the top of everyone’s hot list and rightly so. Because once you have worked out a financing plan with a student loan or even multiple loans if needed then everything else will fall into place. There will also be a lot less stress because you would have overcome the first major hurdle to your education and indeed it will help to make a massive impact on your future after your schooling.

Below we will look at a few facts that may help you understand your options. I have simplified the answers somewhat so as not to confuse you with masses of needless ramblings and I have stuck to what Detective Friday used to say years ago, in that T.V. show Dragnet “Just give me the facts ma’am!”

Just The facts

Below is a list of tips and facts that are not in any specific order, it is just a collection of useful tips that you can store away, keep a note of the ones that resonate with you and throw the others away.

1. Before you decide to commit to any loan it is advisable to talk to your school counselor. They have their finger on the pulse and will have the latest information about student loans that will be applicable to you and have the experience to help you narrow down your search for the perfect loan. Although, not all loans are perfect but the trick is to find the one that is perfect for you.

2. Lots of educational institutions are starting to go paperless these days with many applications forms readily available for you to fill out online in the comfort of your home.

3. The first option you should consider when getting a loan is to always look at the Government loans first. They normally have much lower interest rates and you can have longer terms also.

4. Government loans were set up to provide those students that may be financially challenged and/or have some other challenging situations affecting them in their lives so as to provide as many people as possible with their right to a good education.

5. You can find the Federal Student Aid application form online and can apply online when needed.

6. Quote “For every human on Earth there are 1.6 million ants” (this has absolutely nothing to do with student loans, I just wanted to see if you were still awake).

7. After you have completed your FASA form after it is evaluated, you will receive a Student Aid Report that will show what loans you are eligible for.

8. Once you are granted a loan, you do not have to accept it.

9. It is possible to only use a part of your loan, this will depend on the specific loan provider’s conditions of course, but it is possible.

10. Private loans normally have a higher interest rate but can be more flexible with the amount of money they can provide.

11. It is a real buyers’ market, in other words, you, as a borrower, are eagerly sought after by all these loan companies who are competing. This can give you even more of an advantage because you could think about negotiating and even better deal with them.

12. Most lenders will have an online portal where you can submit a loan application.

13. The Government PLUS loan system was set up to help parents seek out the best type of Government aid for their children.

14. When you fill out the Government loan application it will probably be required that you have your parents with you as some of the information needed will have to be furnished by them.

15. When filling out any loan applications, you will have to supply detailed information about your current finances including and loans, credit cards and any other relevant information.

16. You will also need to provide all you cosigners details if you have one.

And last but not least…

17. “The total weight of those ant, however, is about the same as all the humans”

I hope that this has been of some assistance in helping you decide what type of student loans will best suit you, good, luck with your studies.

Ways to Pick The Ideal Online Trading Broker

Technology has made it easier and simpler for anyone who wants to go into stock and commodity trading. Newbies can read various resources online so that they can acquire some knowledge about trading and do not go into this area blindly. In addition, you can also trade online today; you don’t have to go a formal business area to start trading as well.

If you are new to the world of stock and commodity trading, even if you decide to do so online, you will benefit greatly by working with an online trading broker. A broker will work with and assist you when you are ready to buy and sell stocks, commodities or securities. There is no doubt that when you choose a trustworthy broker, your foray into the world of online trading will be easier and successful.

It is important to choose the right broker to work because the last thing you want to happen is to lose money when you start trading. A good rule of the thumb is to make sure you know you broker well. You can start by asking him or her directly and doing some research to find out if the broker you are interested to work with is licensed within your state. Keep in mind that you will be entering the game of trading which could give you great earnings; not being diligent though will cause you to lose a great amount of money.

It is also essential that you understand all the risks and advantages that come with employing an online broker as compared to having a trained pro. This is because a trained and seasoned stock broker can give you sound advices and could present different investment scenarios on the movements of stocks. An online one, however, will be using various investment tools to help you decide on when to buy and sell stocks or commodities. This is mainly the reason why the fees of online brokers are practically lower than the fees of investment advisors.

Lastly, the ideal online broker needs to have access to and knows how to use the right essential investment tools. These should include research tools, investment products, financial services, and various mobile and online apps and sites. They should also be knowledgeable in various aspects as well such as the required minimum opening balance, the reasonable or average rate or percentage of commissions they will deduct, use of technology or features for international trading and other important special features and services.

You Should Learning About the Nadex Binary Options Marketplace

I wrote an article many years ago about how unscrupulous and deceptive Binary Options had been and why not to use them. Well everything has changed for the better in the past few years and that is no longer the case. Binary Options are now being regulated and an honest entity for making and investing your money. Why? Solely because of one factor and that factor is NADEX which stands for North American Derivatives Exchange. This one American based company has transformed a once “shady and unscrupulous” way that unregulated Binary Options businesses manipulated and bet against its own customers. But that is no more, thank goodness.

Now the Binary Options marketplace is better than regular Options and much better than Futures also. The simple fact that it costs so much less just to have the necessary financial margins required to make an initial wager is reason enough. Some futures markets require you to have a $25,000 minimum deposit before you can start wagering in their markets. Others require a minimum deposit of $5,000, but what about the individual investor that does not have that kind of capital but still wishes to invest and wager like the big boys in the markets? Well now you can invest and wager in the Binary Options marketplace known as the Nadex. Nadex is a regulated American Exchange that is both secure and honest meaning it is based on a “level Playing field”. Unlike many unregulated Binary Options companies in Europe and other countries where they are not overseen and therefore can manipulate and actually bet against their own clients. Absolutely despicable behavior and where it should be illegal it is not because they are not regulated. Nadex is regulated and overseen!

Nadex is regulated and is for individuals that want to trade spreads, Currencies and Binary Options with a small beginning balance without all of the other cumbersome margin requirements needed to begin your limited risk entry into multiple markets. It is a beneficial situation for anyone starting out wanting to wager and invest in the marketplace. That coupled with low commissions by the Nadex Exchange and your limited risk, which is guaranteed.

The Nadex exchange is based on time elements meaning you have a choice to wager on whether you want the market to go up or down and the amount of time in which that takes place. You have time limitations from as short as 5 minutes to as long as one week (5 ½ days) and all you have to do is wager the correct way the market goes, either buy or sell, nothing else. And remember you can never lose or win more than you wager. One contract is between $1-$100. Let’s use for example you wager $50 on the market to go up or buy and you are right, then you win $100, minus the commissions. It is all or nothing. If you were to wager the market going down, or sell, and you lost, you would have lost $50 plus the commissions which are now $1 each way or $2 in total which equals $52 loss. It is all or nothing in Binary Options. Either you win or you lose nothing in the middle like all other markets which makes this so easy to understand and anyone can learn and profit if you have the right software and education.

I have been trading on the Nadex Exchange for years now and have had absolutely no problems with any winning trades being credited to my account and when asking for a withdrawal it has been processed and credited to my banking account in just a few days. You can start trading on Nadex with a minimum of $100 and no margin requirements. The Nadex marketplace is open from 6 pm EST on Sunday to 4:15 pm EST on Friday. You can wager on your PC or your phone if you like as long as you have an internet connection. If you want to sign up it is Free and they have hours and hours of Free education on their website for anyone interested in learning more about this marketplace. And you can get started in just a few minutes by using your credit or debit card. I can only tell you about my experience using Nadex and it has been both profitable and a great rewarding way of learning about the different marketplaces available to the ordinary investor.

I encourage anyone wanting to know more about Binary Options and the pros and cons to contact me. Thank you.

JJ McGuire has written many articles on many different subjects and is considered an expert author and writer in his fields. A man that has seen a great deal of this world shares his insights and views for all who will read. His new Article reviewing Learning About the Nadex Binary Options Marketplace will be both informative and beneficial to all Binary Options, Futures, Commodities, Forex and Currency Traders.