Reveals Top Two Student Debt Relief …

Des Moines, IA (PRWEB) August 14, 2014

How much does student debt matter? The short answer to this is a lot – for people who are having a hard time repaying their student loans. For one thing, defaulting on student loans has a significant impact on credit scores just as does defaulting on an auto loan or a credit card debt. What makes this issue even more significant is the fact that Iowa students graduate owing an average student debt of $29,456, ranking it sixth worst in the nation. In addition, 71% of Iowa students are required to borrow money to finance their educations, which makes the state third worst in this category. On a brighter note, unemployment in Iowa as of June...

Aussie Personal Finance Startup Pocketbook Hits 100000 Users

Most people usually neglect keeping track of their personal finances. With multiple bank and credit card accounts, bank fees get all too much for us to handle. To put us back in control of our money, Aussie FinTech startup, Pocketbook has come to the rescue with an intuitive mobile app.

By syncing with all your financial accounts, Pocketbook users are able to monitor how their money is being used or even misused. By automatically categorizing your daily spending habits into areas like food, groceries and fuel – budgeting and goal tracking becomes much easier. Its clever notification system tells you when a bill is due or when a bank fee is charged, which can often be a surprise...

How Banks Can Help Young Homebuyers Manage Student Debt

Many younger college graduates have postponed life decisions like marriage and homeownership as they cope with student loan debt and limited well-paying job prospects. In fact, Mortgage Bankers Association chief David Stevens says his own 27-year-old daughter is personally experiencing the quandary of whether to take the risk of becoming a homeowner — despite having a good job, solid and stable income, parental support for a down payment and a rent payment of over $2,100 per month.

Student debt will continue to have “an extraordinary dampening effect on young people’s ability and willingness to borrow for a home,” Stevens says, “and that’s going to impact the housing market and the economy...

Personal Finance: How can I pay off credit cards faster?

Personal Finance: How can I pay off credit cards faster?

Veteran personal finance journalist Robert Powell answers your questions for USA WEEKEND.

H&R Block offers college scholarship rewards through personal finance game

Who says playing video games doesnt pay? HR Block thinks they should. The tax prep company, in an effort to educate young people on the importance of personal finance, has launched their own game, the HR Block Budget Challenge, with $3M worth of scholarships and grants set as prizes.

We think personal finance education is so important, were paying people to learn, the Budget Challenge site exclaims, and indeed, HR Block is willing to back up that promise – namely, with a $100,000 grand prize going to the Challenges top student and 132 more awards for teachers and classrooms participating in the event.

The Challenge was created as part of raising economic self-sufficiency...

Business lunch offers expert advice on raising business finance

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Clayton Euro Risk scoops top award

Speaking about the awards, coordinator, Siobhan Hanley said: “Finance is without a doubt one of the biggest and most widespread sectors we cover at Acquisition International, making competition for these awards particularly strong. Not just any business can be nominated for one of these awards and only the most forward-thinking, committed and results-driven firms, who have consistently produced standout work walk away with one of our prestigious trophies.”

Clayton Euro Risk is part of the global Clayton business and gives its clients insight into the quality of most types of asset, including performing and non-performing, first and second charge residential, commercial, consumer loans,...

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Westwood woman receives probation for role in mortgage scam

A Westwood woman was spared a prison sentence on Wednesday for her role in a scheme to fraudulently obtain mortgage loans in 2006.

Fatima Muller, 50, faced from 21 to 27 months in prison, but US District Judge Esther Salas sentenced her to three years probation, citing her cooperation with the US Attorney’s Office. Muller will also have to make $180,800 in restitution.

Muller has admitted that she prepared false documents with the assistance of an accountant who processed mortgage loans through the Residential Mortgage Corp., a Ridgewood company owned by the former head of the Bergen County Improvement Authority. Ronald J. O’Malley, the former head of the agency,...

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Student Debt and Consolidation

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Debt consolidation on the rise

Remortgaging, or its bigger cousin, debt consolidation, is becoming more prevalent in the UAE as regulations that protect the customer are put into place. Financial advisers have reported a dramatic increase in refinancing in the last quarter.
Sam Wani, General Manager of Mortgage Advisory at Independent Finance tells GN Focus, “Last month during Ramadan, which is traditionally a slow month, 60 per cent of our business was remortgaging. It was also the best month we have seen in the past three to four years.”
Detailed credit reports
Market watchers say debt consolidation activity, which means combining several loans into a single new loan, will be further boosted...