Person-to-person lending is rising in popularity among Americans looking for a new way to get personal loans, business loans and student loans. Part of the appeal of p2p lending is that it doesn't need to involved a bank--p2p loans are made on the Internet. When dealing with the web, whether you are…
Person-to-Person Lending: Top Lending Sites
Person-to-person or peer to peer loans are becoming more popular, but since the whole process of p2p lending happens online you have to make sure you are on the right sites to ensure that your money is protected. “The Complete Idiot’s Guide to Person-to-Person Lending” mentions nearly a dozen of the…
New Book Review for P2P Lending
If someone asked me last week what P2P stood for I would've guessed they were talking about a video game. But now, with the help of "The Complete Idiot's Guide to Person-to-Person lending," I know better. The book explains the increasingly popular loaning practice of P2P while providing other useful…
Book Review: Alternative Loans, P2P Lending Made Easy
Person-to-person lending, or p2p lending, is becoming a popular way to finance loans. As people are having trouble with traditional banking institutions they are turning to online p2p lending as an alternative for personal loans and college loans. Borrowers and lenders alike are using p2p lending…
Beginning The Student Loan Process
There are a few resources when embarking on the student loan process. When applying for student loans, you’ll want to start with the FAFSA form. You may also be eligible for scholarships in addition to student loans.
Better To Take Student Loan Or Mortgage Loan?
A husband and wife are ready to buy a home, but the husband is entering graduate school and isn't sure if he'd be better off taking out student loans or a mortgage loan. While mortgage rates are low, student loan rates are even lower. Plus, the interest paid on student loans is deductible on your…
Student Loans May Delay Ability To Buy Home
When you have a lot of student loan debt you may be debating when to buy a home. If you try to buy a home at the same time that you're repaying your student loans you may be spending a significant amount of your income on repaying debt. Aggressively paying down student loan debt and paying a…
Federal Government Issues Student Loan Announcement
Continuing constraints in our capital markets have posed challenges for students and student lenders throughout the last year. We recognize that education is the foundation of a strong American workforce and we must not let challenges in our capital markets hinder our students' opportunities. Given…
ThinkGlink Radio Show for Jul 29, 2008
Today on the Clark Howard Show, Ilyce Glink filled in. She discussed whether creditors may reveal personal information to others, why seller-financed third-party down payment programs (like Nehemiah) have been eliminated under the new housing bill, how much housing prices fell in the past month…
More Americans File For Bankruptcy In First Half Of 2008
More Americans filed for bankruptcy in the first half of 2008 compared to the first half of 2007.
The American Bankruptcy Institute announced that filings increased 30 percent during that time.
In June alone, more than 82,700 people filed for bankruptcy. Last year at the same time, 68,559 people…
Top 10 Best Cities For New College Grads
As someone whose student loan repayments just started I can understand the dilemma facing many new college grads. How can you balance a good quality of life with repaying your bills? Or how can you live in the big city on a very small income?
A new survey may help a little bit. Apartments.com and…
Avoid Student Loans At A Junior College
A parent asks about the cost of college tuition and about having a student start at a community college. Because the cost of college tuition is so high it's a good idea to start out at a less well known school and transfer. When a student goes to a big name school, she may be taking on $50,000 to…
Become Landlord Or Sell Home After Quit Claim Deed?
When you get a home via a quit claim deed and then have to move out of state for work you're faced with a decision. Should you sell the home you received through a quit claim deed or should you try to keep it as a rental property? The decision to be come a landlord or to sell a home depends on…
ThinkGlink Radio Show for Dec 27, 2007
Ilyce Glink filled in today on the Clark Howard Show. As we move closer to the end of the year, it's important to make sure you've done everything you can to minimize what you'll pay in taxes. Make sure you've taken all of the deductions to which you're entitled, and opened up (and funded, if you…
For love or money..... According to a new study, three-quarters of young women would marry for money, but the guy better have plenty of bucks -- $2.5 million bucks.
Does life imitate art? It might. "Dirty Sexy Money" has this storyline going on right now. And then there's real life.
Meanwhile, if…
It's Becoming More Difficult To Borrow Home Equity
While it's getting more difficult to qualify for home equity loans, Americans borrowed more of their home equity lines of credit than last year.
Consumers' average credit score rose to 737, from 730 in 2006, according to the Consumer Bankers Association. Home equity lenders use credit scores in…
Buying Property After Graduation
A soon-to-be college graduate is planning on buying a condo with some of his student loan money for the down payment. Interest rates on student loans aren't that low, and the money will need to start being paid back six months after graduation. This grad needs to calculate his debt, income and…
Following Up From The Clark Howard Show Last Week
A number of people, like Susan, have written in about the show:
Ilyce was filling in for Clark Howard on Friday Oct 27th on 750 WSB. She mentioned a new website that was started by they guy that started e-loan.com (or similar site). This new website connects private investors with consumers that need…
On today's show, we talked about the Wisconsin man who went to a state park and found a 5.47 carat perfect canary yellow diamond. You can read the story here www.cleveland.com/news/plaindealer/index.ssf?/base/news/1161514533285400.xml&coll=2
Of course, I suggested on-air that if you couldn't afford a…
Use Caution When Co-Signing Loan
When you co-sign a student loan, auto loan, or mortgage, you become entirely responsible for this debt if your co-borrower stops making loan payments for any reason. So if the borrower stops making payments, your credit will suffer even if no one told you there was a delinquency on the loan. In…
If you're looking to consolidate before July 1st, you might find these websites to be helpful:
National Student Loan Data System www.nslds.ed.gov
Simple Tuition Inc. www.consolidationcomparison.com
Salle Mae www.salliemae.com
Student Loan Corp www.collegeloancorp.com
If you want to add to the list, you…
Debt Reduction By Paying Off Higher Interest Loans
The best way to decide which loans to pay off first and reduce debt is to look at the interest rates. Student loans usually have lower interest rates than car loans and are partially tax-deductible. If you have extra money at the end of each month, pay off the highest interest loans first and pay as…
Student Loans Affect Preapproval For Mortgage
After you graduate from college, or drop below half-time enrollment, you will need to start repaying your college student loans. If you have a Federal (FEEL) or Direct Stafford Loan, you'll need to begin repaying your loans after 6 months. If you have a Federal Perkins Loan, you'll have to begin…
Co-Signing Student Loan Spells Trouble For Dad
A helpful parent has co-signed student and auto loans for his daughter. The daughter has not been making payments and now he would like to refinance his home. The daughter has effectively trashed her father's credit score and there is little he can do about it except explain to her the facts of a…
Automobile Lease Affects Mortgage Loan
When you apply for a mortgage loan, the mortgage lender will look at all of your debt, including student loans and credit card debt. If you lease a company automobile and it's in your name, that could also affect your mortgage loan application. Aside from the way the company automobile may be…
