Steve Richardson

Rank: 857 / 5440

5 selected videos

Car Title and Pay Day Loans Are a Bad Idea!

http://www.richardsonlawoffices.com If you are desperate for money and need it now, car title loans, payday loans, and loans from outfits like Western Sky are a bad idea. Here's why.

The problem with this type of loan is th exorbitant interest. Don't do it! Lots of legitimate banks in New Jersey will make a secured loan to you with your car as collateral. Even if your credit rating isn't all that good, you will not pay rates approaching anywhere near what these companies charge. If you are...

Is It True That I Can't Get Out of Default on My Student Loan?

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http://bit.ly/17ERhED Debt collectors may tell you that you can't get out of default on your student loans. This is incorrect when it comes to federal student loans. College graduates with these loans have the right to get out of default through the rehabilitation or consolidation of the loan. If you ask to get out of default to relieve student loan burdens and stop intimidating phone calls from bill collectors, they have to work with you.

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Public Service Loan Forgiveness Program for Federal Student Loans

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http://bit.ly/ZsYDrh PSLF is a program created by Congress in 2007 in order to encourage people to enter and continue to work full-time in public service jobs. If you qualify for an income based repayment program (IBR or ICR) that allows you to extend your loan payment term past ten (10) years, it allows you to make 120 monthly payments on your loans and then discharge any unpaid balance!

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What is the National Student Loan Data System?

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http://bit.ly/11TbTrj The National Student Loan Data System (NSLDS) is the U.S. Department of Education's central database for student aid. It provides a centralized, integrated view of your loans and grants, from aid approval through closure. The site is available 24/7, except for periodic maintenance of the database which can occur on the weekends or after hours.

Related topics : national loan student data system

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Income Based Repayment (IBR) Plans for Federal Student Loans

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http://bit.ly/ZrwL5f This is a federal government plan for repayment of your student loans based on your income. However, you must have a partial financial hardship to qualify. In essence, that your monthly loan payment exceeds 15% of your monthly disposable income. Overall, IBR is designed to cap your required monthly payment at an amount that is affordable based on your adjusted gross income (AGI) and family size.