Over the years, millions of Americans have obtained students loans to go back to school. Regardless of the degree that they’re getting, they’ll have to pay thousands of dollars. Unfortunately, most students won’t receive enough scholarships to pay for their educations. Instead, they’ll have to obtain a student loan and pay it back once they’ve graduated. Although it sounds simple, it isn’t. Most Americans remain in student debt long after they’ve graduated. Many will never get out of student debt even if they get a good job later.

Recently, there have been talks of a possible student loan forgiveness program. More about this topic and other student loan news will be provided below.

Current Statistics

Unfortunately, millions of Americans have taken on student loan debt over the years. In November 2021, it was revealed that more than 43 million students had accumulated nearly $40,000 in debt. In total, Americans own more than $1.59 trillion in student debts. Suffice to say, it is crippling the nation. Instead of buying a home and starting a family, these individuals are struggling to survive. Their student debts are crippling them and stopping them from achieving the American dream.

Another issue is the fact that most students will never repay their loans. The Federal Government believes that a quarter of all present full-time undergraduates who’ve received student loans will repay them. As a result, three-quarters of Americans in student debt will never repay their loans. Instead, money is lost along the way. Alternatively, Americans may die with hefty student debt bills hanging over their heads.

President Biden’s Promises

During the runup of the recent presidential election, Presidential hopeful Joe Biden made a lot of promises. Many of those promises involved the government giving money to Americans. First, he said he would give all Americans $2,000 in pandemic relief. When he took office, the amount was quickly slashed. In total, each American only received $1,400 during Biden’s time in office. Suffice to say, it has been a sign of things to come. Recently, the president has continued to fail to live up to his promises.

Before the election, Biden pledged that he would forgive at least $10,000 in student loan debt. Although many argued that it wasn’t enough, most will agree that it was better than nothing. Most graduates still in debt from student loans have received no assistance whatsoever. Some believe this will change in February.

President Biden Ignores Fellow Democrats

Democrats have called on the President to extend pandemic relief benefits. They also encouraged Biden to do more to help people struggling with student debts. Nevertheless, Biden is going in the opposite direction. While many Americans are still struggling and living paycheck to paycheck, President Biden will likely restart all federal student loan payments beginning in February. Despite pressure from many Democrats, Biden has not backed down from the decision.

For nearly two years, the balances of federal student loan borrowers have been frozen. Borrowers did not need to pay. Most haven’t paid since March 2020. In addition to this, the Federal Government prevented interest from accumulating on these student debts.

Former President Trump and President Biden helped ensure that American borrowers wouldn’t need to pay during this time. The restart date was previously on September 30, 2021. However, Biden pushed the restart date back until January 31, 2022. President Biden and members of his administration have repeatedly said that this will be the last extension. Borrowers will need to save money to ensure they can start paying their debts again.

They’ll have to be careful when wagering money on เว็บตรงสล็อต and buying nonessentials.

Biden Waiting For Bill

Finally, readers should realize that President Biden previously promised to cancel student debt. In total, the President claimed he would cancel $10,000 for each borrower. Again, the President has not fulfilled that promise. Furthermore, many progressives have urged the Democratic President to cancel up to $50,000 of student debt per borrower. Biden is not going to support that idea. Many do not believe he will cancel any student debt since he hasn’t tried to do so.

Earlier this week, Jen Psaki claimed President Biden would cancel student debt if Congress sent him a bill to sign. The only problem is that she knows this will never happen since Democrats would have to work with Republicans to achieve this goal.

A Car Loan, also called an Auto Loan is a service under which lenders such as banks and NBFCs (Non-Banking Financial Companies) agree to give credit to the borrower, with the primary purpose being to allow the customer to buy a car.

The advantages of taking a Car Loan are:

•       Ability to buy a brand-new or second-hand car even if the total amount is not paid at once
•       Fast approval
•       The choice among fixed or floating rate interest
•       Facility to choose the loan tenure of up to 7 years
•       There is no need for collateral because the vehicle itself is the security.
•       You can decide the payment method at your convenience.

If you want to take a loan, then it is advisable to check many offers from many banks. If some offer low interest on a loan, some may offer small EMIs, with others may discount the processing fee. However if many such offers confuse you. Here’s a simplified example:

Loans are usually 3-5 years, but some lending institutions or banks can also give up to 7 years. If the loan repayment tenure is longer, its EMI will be smaller, making you find the car more affordable, but you pay more in the form of interest.

You must not forget that a car is a depreciating asset, so it may not be sensible to take a bigger loan for it, but you can take a car loan for a short tenure.

What is the eligibility criteria to apply for a new car loan?

Commonly, the bank or lender institution will require to study the following to specify your new car loan eligibility:

•       Your credit history
•       Your income
•       Your age and citizenship status
•       Other debts and monthly financial obligations
•       Your employment status

Is it necessary to take insurance while purchasing a new car?

Yes. Car insurance is compulsory in case of any accidental calamity. The government has made third-party insurance mandatory for all car and two-wheeler companies. You can get more details on this from your car dealer.

How can you know your credit score?

Before taking a loan, you can know your credit score by visiting the websites for credit information companies such as CIBIL (www.cibil.com), here you will need to fill in an online form to receive your credit score. Generally, you can receive a free credit score once in 12 months, however a charge of approximately 550 rupees would be applicable for additional requests.

What is a Car Loan EMI Calculator?

The Car Loan EMI Calculator tells you in a quick and easy way what the EMIs you need to pay at regular intervals will amount to if you take a car loan. Taking a car loan is a great financial option for those who want to get a car but do not want to spend all their money on it in one go or do not have a lump sum amount to buy it.

How to use Car Loan EMI Calculator?

Simply key in the amount, rate, and tenure for which you aim to take the car loan, the Car Loan EMI Calculator will automatically reveal the approximate EMI’s acceptable for the loan tenure.

Also, refer to the amortization schedule which reveals a break-up of the interest and principal paid back each year during the loan tenure.

What do you get from the EMI calculation?

EMI calculation gives you an accurate idea of ​​how much money you need to set aside to pay as EMI every month after taking the loan. In this way, you can make a conscious decision to take a loan. That is why if you use the EMI calculator to know how much you will have to withdraw every month to buy a car, you can plan it well.

Why is it important to check EMI?

Knowing your EMI out-go helps you:

•       Check your loan taking ability
•       Check total loan amount and tenure.
•       Plan loan repayment
•       Go in for prepayment of part-payment for your loan

While you do this, remember to check additional conditions that may apply to the amount of the car loan. For example, some lending companies offer loans for the total ex-showroom value of the car, while others provide loans up to 80%. That is, you will have to pay the remaining 20 percent amount yourself. Apart from this, companies also charge processing fees and some other charges like prepayment or documentation.

Achieving financial freedom isn’t easy. Regardless of how old you are or how much money you make, managing your money can be challenging. But that’s where technology can help.

Are you struggling to keep track of your expenses? From helping you create a budget to automatically saving money, there are apps you can use to better manage your finances. Just sync your accounts and in no time you’ll have the insight you need to monitor your wallet.

Here are eight apps that will help you create a budget, stay on budget, and work toward achieving financial freedom:

1. PocketGuard

PocketGuard is a money management app that can help monitor your spending. First, simply connect your debit and credit card to the PocketGuard app. Once connected, it will carefully analyze your finances and check for recurring bills and your overall month-to-month spending.

What’s nice about PocketGuard is it allows you to view all your accounts in one, central place. Not to mention, the In My Pocket feature provides users with an easy-to-follow budget. This feature takes a deep dive into your income and expenses. From there, it shows exactly how much money you can safely spend.

In My Pocket also finds ways for users to save money based on their specific spending habits. What does this mean? The budget PocketGaurd gives you won’t necessarily be identical to the budget they give your friend, or another user.

2. Chime

Unlike other banks and financial institutions, Chime is designed to be used primarily through its mobile app. This is mainly due to the fact that Chime doesn’t have a physical bank. But that doesn’t make Chime any less competitive. Users can access a checking account, savings account, and a secured credit card that’s connected to the user-friendly mobile app.

The Chime app offers several unique features. For example, the app will send users their account balance and even transaction alerts on a daily basis. Not only does this help users stay accountable for their spending, but it allows them to catch any fraudulent activity.

The Chime app also offers automated savings tools to help users track their spending and find ways to put money aside.

3.  Mint

Mint offers several features, but one of the most popular is its budgeting tools. With this app, users can create categories and allocate a certain budget to each category. For instance, let’s say you’re shopping at the mall and you buy a new pillow. Once that transaction goes through, you can categorize it. For example, a new pillow might fall under your “decor” category. Or, maybe even your “non-essential” category.

But the app doesn’t stop there. Mint also analyzes how much money you’re spending in each category. It will share that information with you so you can clearly see where your money is going. To get the most out of this app, make sure you connect all your accounts, including your investments.

4. Empower

Empower is a money management app that does it all. From creating a realistic budget to helping users save money, Empower takes the guesswork out of achieving financial freedom. Once connected to your accounts, the app will track your spending habits against your income. From there, you can categorize your spending and allocate a certain amount to each category.

For example, one category might be “rent” and you might allocate $1,400 a month to that category. If you have a category labeled “groceries,” you might allocate $200 a month to that category. Regardless of the amount, Empower will monitor each category and send alerts so you know whether you’re staying on budget.

With Empower’s AutoSave feature, you can even have funds automatically pulled from your checking account and moved into your savings account.

5. Dollarbird

Dollarbird is the ideal financial app for those who want an overview of their finances. Once logged into the app, you simply add your upcoming expenses. For example, you might add your recurring expenses (rent, utilities, student loans, etc.). Once added, you’ll see all of these expenses in calendar form. Then you’ll have a better idea of exactly how much you can spend on non-essential items like dinner with friends.

With that said, unlike other apps, this one doesn’t connect to your accounts. Meaning, you’ll have to enter your expenses yourself.

6. Albert

Albert isn’t just a money management app — it’s also a financial assistant. The app shows users an up-and-close look at their finances. Users can also reach out to financial experts for advice via the app. Whether they need budget help or tips for getting out of debt, Albert is ready to lend a helping hand.

Once users download the app and sync their accounts, Albert automatically creates a tailored budget based on your income and expenses. The app will even help you save money by letting you know when other, less expensive options are available. For example, if you’re paying $100 a month for a gym membership, Albert might flag it. It will then show you a cheaper alternative.

7. Wally

Wally is a budgeting app that keeps things simple. How? By focusing primarily on one thing — budgeting. Once your accounts are connected to this app, Wally will monitor your expenses and income and create a budget. Wally will send you real-time alerts for your remaining budget, so you don’t accidentally (or on purpose) spend over your means.

8. You Need A Budget

You Need A Budget, better known as YNAB, syncs to all your accounts and shows users how to manage their money. What’s unique about this money management app is that it assigns every dollar in your budget a job. Instead of keeping your expenses together, YNAB wants every dollar to have a purpose. For example, a certain dollar amount will go toward rent, student loans, groceries, etc. By categorizing your expenses this way, you’ll be less likely to spend money frivolously.

According to a report from The Pew Charitable Trusts, about 80% of Americans are in debt. If you’re struggling, don’t worry. Financial freedom is accessible. All you have to do is keep track of your money and make smart decisions. Unfortunately, that’s not always easy to do. The good news is, the apps above will help you monitor your expenses and hold you accountable.

Why does one always have money, although he goes on vacation, buys expensive clothes, quality products, and the other has debts and lives from paycheck to paycheck? The reason is their financial habits. And these are not some challenging ways, like constantly looking for hours for Amazon coupons, TonyBet CA bonuses, free memberships, or discounts. Here are the easiest ways for saving more.

Set Financial Goals

You can dream your whole life about interesting trips, an apartment, a car, getting additional education and much more, if there is no free money. To make the dream a reality, you need to turn it into a concrete financial goal. To do this, you need to take a blank sheet of paper and ask yourself questions about money:

• What do you need it for?
• When are we needed?
• How much does it all take?
• How many are there already?

Know How to Save

Those who know how to save a priori become wealthy, without savings there is no material stability. Modern technology helps to form a good financial habit without any effort. To transfer 10-20% of all income received to a savings account, use autopay services.

Plan Your Budget

Money likes counting, so the basis of financial stability is a systematic accounting of income and expenses. Those who plan a family budget always know where the money goes and where it can be taken. You don’t have to waste time on calculations because there are specialized programs that help automate the accounting of income and expenses.

Don’t Make Rash Purchases

Lovers of spontaneous purchases live from paycheck to paycheck. They never have any money, but they always have debts. In order not to spend too much money on food, you should go to the supermarket full and with a list, giving preference to products on sale. Expensive purchases should be planned by analyzing prices.

Don’t Skimp on Quality

It will not be possible to gain financial stability if you buy cheap goods. Imaginary savings turn out badly, inexpensive clothes, dishes, appliances, shoes quickly fail. It is better to buy one expensive pair of jeans from a proven manufacturer than several cheap ones.

Invest in Your Health

A healthy lifestyle requires an investment. You can’t skimp on the quality of food and sports. These expenses can be considered an investment in health. With this approach, the formula works: you earn more money less often.

Summary

There are so many temptations around that it is possible to undermine the family budget without leaving home, the Internet takes care of that. To find financial stability, you need to spend your money wisely, live within your means, and educate yourself.

For decades, student loans have mostly been prohibited from being discharged through bankruptcy proceedings. That could change under the FRESH START through Bankruptcy Act. Here, public policy scholars Brent Evans and Matthew Patrick Shaw, both of Vanderbilt University, explain why student loan debt cannot usually be cleared through bankruptcy and how that might change if the proposed bill becomes law.

Why can’t people get rid of student loans through bankruptcy now?

Although not impossible, discharging student loans in bankruptcy is difficult. Due to a 1976 law, student loans are not treated during bankruptcy proceedings like other forms of debt, such as credit card debt or auto loans. This policy stems from a federal commission on bankruptcy laws, which heard testimony that claimed the easy discharge of educational loans in bankruptcy could undermine federal student loan programs. Congress was concerned that students might borrow thousands of dollars from the federal government, graduate, declare bankruptcy to have their student loans discharged, and never repay their educational debt.

In an extension of the Higher Education Act of 1965, Congress passed the 1976 law, which made borrowers wait five years after the first student loan payment was due before they could have the loan discharged through bankruptcy. Congress created an exception that allowed for discharge within that five-year period if the loan caused “undue hardship.”

Congress extended the five-year bankruptcy ban to seven years in 1990. Then Congress extended it to the borrower’s lifetime in 1998.

Currently, the “undue hardship” exemption is the only way to have student loans discharged in bankruptcy – that is a much higher threshold than many other common forms of debt. This higher threshold includes both federal student loans and, since 2005, most forms of private student loans.

Haven’t there been cases where people still got rid of their students’ loans through bankruptcy?

Absolutely. Though difficult, it is still possible to have student loans discharged through bankruptcy by meeting the undue hardship requirement. A 2011 study found that only 1 in 1,000 student loan borrowers who declared bankruptcy even tried to have their student loans discharged. However, those that did succeed at a rate of 40%.

Section 523 of the Bankruptcy Code does not set out a specific test to determine what qualifies as undue hardship. The federal courts are split on what the appropriate standard should be for discharging student loan debt. The Second Circuit case, Brunner v. New York State Higher Education Services Corporation, established three requirements that determine whether undue hardship applies.

First, the borrower must demonstrate that if forced to repay the student loans, they will be unable to meet a minimal standard of living based on income and bills.

Second, the borrower must be unable to repay for a “significant portion of the repayment period.”

Third, they must have made good-faith efforts to repay the student loan.

If a bankruptcy court agrees that a borrower meets these three requirements, the court can discharge the student loan debt.

But bankruptcy courts in the Eighth Circuit (in the Upper Midwest) — and occasionally courts in the First Circuit (in Puerto Rico and parts of New England) — reject Brunner and examine the “totality of the circumstances” instead.

For example, the 2003 case In re Long states that a borrower can meet the undue hardship requirement in a different way from Brunner. The borrower must establish that they cannot meet a minimum standard of living given financial resources, necessary living expenses, and other circumstances.

This test is considered less difficult to meet than Brunner because it does not require a borrower to establish “certainty of hopelessness” or “total incapacitation.”

Explain the proposed law to allow bankruptcy for student loans

If enacted, the bipartisan FRESH START through Bankruptcy Act would change the current law to remove the lifetime ban on student loan discharge in bankruptcy and replace it with a 10-year ban.

Under the proposed law, if borrowers can show that paying their student loans caused undue hardship during the first 10 years, then they can get it discharged after that 10-year period is over without having to prove that it would be an undue hardship from that point forward.

This change would only apply to federal student loans, not private student loans. Any discharge of private student loans, regardless of the repayment timeline, would still require proving undue hardship.

To help shoulder some of the financial cost to the federal government of this proposed change, the bill also includes an accountability measure for colleges and universities. The schools would have to reimburse the government for a portion (either 50%, 30%, or 20%) of the discharged student loan amount depending on the cohort default rate and a repayment rate of the institution at the time the first loan payment comes due.

Would bankruptcy become an attractive way to get rid of student loans?

Declaring bankruptcy is not an ideal option to deal with student loans because it comes with substantial immediate and long-term consequences. The immediate consequence is that bankruptcy can result in the sale of the property to pay off debts. The longer-term consequence is that, depending on the type, Chapter 7 or 13, a bankruptcy stays on credit reports for seven to 10 years. The substantial negative mark on credit reports means it will be more difficult to obtain a credit card, auto loan, and mortgage. When any form of credit is obtained, the interest rates are likely to be much higher with a bankruptcy on record.

Another solution to a large student loan debt is to enroll in an income-driven repayment plan, such as Revised Pay As You Earn. These plans limit the amount of the monthly payment on federal student loans to a percentage of your discretionary income, which is the difference between your income and 150% of the state poverty guideline, adjusted for family size.

After 20 years of repayment for undergraduate loans (only 10 years if the borrower is in a public service job), the remaining balance is forgiven. If the new bill becomes law, borrowers in income-driven repayment plans will have a choice. They can either pursue bankruptcy after 10 years and suffer the consequences, or continue paying through loan forgiveness.

Brent Evans, Assistant Professor of Public Policy & Higher Education, Vanderbilt University and Matthew Patrick Shaw, Assistant Professor of Public Policy, Education and Law, Vanderbilt University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

If you’re a homeowner, our little guide will help you avoid the newest types of a foreclosure scam.

Foreclosure & Scam Exposure

According to the Debtstoppers, foreclosure scam has become extremely popular during the pandemic days. So, what is it all about?

Scammers advertise themselves as a “foreclosure rescue” service on TV, radio, Facebook, and so on. Or they can take a more active approach and dig through the news, searching for foreclosure notices.

When they get in contact with the victim, they follow two scenarios:

1. Loan modification. They ask you to pay upfront a substantial sum promising to legally lower your mortgage by 20-30%. This never happens, of course.
2. A helping hand. Fraudsters promise to pay for your mortgage, allowing you to rent the house until you can buy it back. In reality, you’ll be paying them monthly rent drawing your property into extra debt.

Scammers create new schemes, but they always promise one thing: save your house.

Avoiding Foreclosure Scams

Okay, let’s see how you can protect your home from these mortgage vultures.

1. Identify threat

As we’ve said, scammers give false promises of saving your house. Here are a few more signs to identify them:

• They want you to sign the title to your home to them.
• They ask you to put your signature on some dodgy documents.
• They demand your and your family’s personal info.

Often, they don’t show up on your porch. Scammers prefer to work remotely these days. So, if you get a call from someone who offers “mortgage solution” but is not your mortgage servicer, it’s definitely a red flag.

2. Loan modification

As you already know, in this scheme, fraudsters promise to reduce the loan percentage of your mortgage. For that, they want a handsome financial reward.

In reality, you can get such a service plus counseling about your mortgage for free from the U.S. Department of Housing and Urban Development.

3. Disguise

Con artists are also picky when it comes to their disguise. If they choose to contact you,  they will use high-brow titles, names, and abbreviations to make the deal sound official. This is a classic trick to gain someone’s trust.

Often, they’ll inform you that they contact you at your servicer’s request. In reality, the mortgage servicer would contact you personally, without involving some 3d party agency. This is another red flag, and you should consult your servicer right away if that happens.

4. Bankruptcy

Scammers can try to persuade you that filing for bankruptcy is the only way out. And they’ll be glad to arrange the entire procedure for you, also “eliminating” your possible mortgage debt.

While bankruptcy does put an “automatic stay” on debt-collection, it is a temporary effect. Sooner or later, you’ll have to resume paying the mortgage, and your credit history will be soiled with a 10-year bankruptcy record.

P.S. Filing for bankruptcy is free. Learn more here.

5. Don’t buy into “debt elimination”

Another favorite scam tactic is to tell you about non-existent “secret” laws, according to which you can eliminate your mortgage debts fully.

In reality, it’s a bag of lies and illusions. Scammers will again ask you for a substantial fee, and you will never hear from them again.

If you really want to know more about mortgage laws, check this official page. And if you’ve been financially affected by the pandemic, you can claim some mortgage relief absolutely for free.

Down with the Scam

Follow our tips, check the government’s pages and never give your mortgage money to anyone except your servicer. This simple guide will fly to protect your family’s home.

Have you been studying your electricity and gas bills to be startled by how high these monthly bills are? Have you finally realized that you are wasting more energy trying to make sure that your house is filled with energy than spending time finding a more cost-effective energy provider? Perhaps a solution would be to simply switch to a new energy provider. The idea of switching is always extremely daunting. If you want to see what you should actually be paying on electrical appliances, you can always use an electricity cost calculator that is available online.

You could read up on how to save electricity or you could simply make the switch.

Simply Switch

To decrease your tariffs, you need to look at other suppliers. To find the best possible supplier for you, you need to visit simplyswitch.com. On this website, you only need to enter your postcode. You will have to provide the necessary details of your current tariff. Just by filling in that information, you will be given a list of possible options from the various supplier options. This sure does sound like an easy and effective way to find a supplier who will get you to save some money while still having your home well lit.

Various Options Available

There are more options available for you than you may think. In fact, if you are a home that makes use of both electricity and gas, you have a simpler option available at your disposal. A dual fuel tariff allows you to pay a single bill to a certain supplier instead of paying a gas bill and an electricity bill. It makes more sense to pay a single bill and be affiliated to a single supplier than paying two separate suppliers. In order to see if you could be saving quite a bit by using a dual fuel tariff, you have to ascertain the tariffs from a variety of suppliers. You must first ensure that a certain supplier does provide the service in your area.

Always Stay Alert

Understandably it is difficult to make the switch from a tried and tested supplier to an entirely new one but at some point or the other you may just have to do so. If you do want to save a few pennies and also reassess the various options available for you, it’s important that you frequently check the new deals that suppliers are offering. In that way, you can determine whether you are losing out or whether there are other options far more feasible for you.

Fixed or Variable Tariff?

Have you realized that you can choose between one of two tariff options? There is a fixed tariff option where the price of electricity is fixed and never varies in any way. With this option, you know exactly how much you will be spending on power every month. The other option is the variable tariff option. With this option, the tariffs vary based on wholesalers’ prices. So think carefully about which tariff option suits your needs best. Thereafter, you need to determine what your exit fees are. When simply making the switch, you need to know tariff prices and you need to keep an open mind.

Every individual who wants to get quick cash should know the cycle for applying for it. If it’s your first ideal opportunity to apply for a quick cash loan, you will be glad to discover that it is online interaction. It implies that you will not need to stress over going to the company or the moneylenders straightforwardly. Ask professionals for quick cash loans and get approval without any doubts. It is advised to always go through professionals for fast cash loans.

You can contact the specialists as there is a helpline number if you’re confronting issues. You can find out how you can round out the transient loan application. This way, you can get freed of different complexities and anticipate an incredible result with the momentary loan. Thus, it will improve successfully as you can anticipate an extraordinary outcome.

Apply online

The primary thing you need to do is start by applying for a quick loan on the web. You need to begin with one thing to guarantee that you can undoubtedly do it with no difficulty. You need to get data about the quick cash loans to dodge any issues with them. So it is something that will give viably and give a greatly improved result.

Find the experts who offer loan

Whenever you have applied, then the specialists will send your applications to specific moneylenders. The moneylenders keen on giving a loan will look at your data and do exhaustive exploration. It can guarantee that they can be sure that they are prepared to give a loan. In this way, these are a portion of the things that the company will oversee.

Sign contract

When the evaluation is done, you can see that the professionals will shape a loan contract. The agreement will consist of a multitude of terms and conditions and the loan cost to guarantee that you will consent to take care of them on a specific condition. So the Quick Payday Loans will have a higher financing cost as compared to the ordinary ones. You will get quick endorsement and other related services, which consist of specific landers’ risks.

Send all details

When you have the agreement finished the agreement and marked it, you can see that the money will be shipped off your record. It will be quick as the moneylenders will quickly send you the money to use for any earnest cash need. This will be very helpful as you can expect an incredible outcome when applying for no credit check loans.

You need to follow these cycles if you wish to apply for Payday Loans Centrelink. This way, you can undoubtedly finish it appropriately and guarantee that you get a quick cash loan. So you should not burn through your time and quest for these subtleties before you start to search for the specialists. All the work will be done appropriately as you can see that the services are very quick. It will guarantee that you can oversee everything with no concerns.

With the funeral prices soaring every year faster than inflation, it’s no surprise that people look for alternative and more affordable ways to say goodbye. Nowadays, a simple funeral in the UK could set you back more than £4,000. A burial funeral is even more expensive costing more than £5,000 on average. The biggest expense is funeral director fees, which make up around 65% of the overall cost. They take care of most the arrangements and provide a coffin, hearse and limousines.

When you’re struck with a big funeral bill unexpectedly, it can cause notable financial stress. However, these days many people are realising they don’t need to spend more than they can afford on fancy ceremonial elements. The perfect send-off may not be a traditional funeral with all the bells and whistles, but it could be a simple gathering of family and friends to talk about old memories and raise a glass to their loved one.

Whether arranging a funeral for a loved one or thinking about your own funeral in the future, and want to keep costs to a minimum, then you may consider direct cremation.

What is direct cremation?

Direct cremation means that the person who’s died is cremated without having a funeral service beforehand. A funeral director can collect and care for them until the cremation, but they won’t be able to offer a viewing at the chapel of rest. The cremation takes place at a date and time that’s convenient for the crematorium.

How does it save money?

It saves money because there’s no service at all. This means no hearse, no limousines, no ceremony, no flowers and no wake. You only need to pay for the basic cremation services. The ashes can be collected afterwards for you to scatter or keep wherever you wish. You might like to arrange an informal gathering with family and friends to celebrate the life of your loved one with their ashes present.

Where can I organise a direct cremation?

95% of funeral directors in the UK offer direct cremation services. Just ask your local funeral director about their low-funeral options. Although it’s important to bear in mind you won’t be able to choose the crematorium.

Why have a direct cremation?

There are many reasons why you may choose direct cremation over a traditional funeral with full-length service. Some reasons may include:

1. It’s cheap. Prices start from around £1,000 which is around 75% less than the average cost of a cremation funeral.
2. It’s simple and fuss-free. For some people, all the frills that come with a traditional funeral seem extravagant and unnecessary.
3. It protects loved ones from the additional stress of planning a funeral service
4. It allows loved ones to grieve in private, away from a funeral setting which may be too upsetting for them.
5. Some people prefer that their family and friends have a celebration of life, which could be a gathering at an informal venue after the cremation.

I want a direct cremation, how do I make sure this happens?

It’s really important to make your final wishes known. Even more so if you’re specific about how you want your family and friends to commemorate your life.

You could record final wishes by writing them into your Will, writing them down and keeping them with important documents (that your loved ones can easily find), or documenting them online. The other option is to take out a prepaid funeral plan. A funeral plan is a sure-fire way of ensuring you get the send-off you want, as you pay for all your funeral services in advance. It ensures that when the time comes, everything has already been taken care of. Your loved ones wouldn’t need to worry about any funeral arrangements, they just need to make a single phone call. A funeral plan also locks-in today’s rates, protecting your loved ones from higher prices in the future. Life insurance is another good option if you would rather a lump sum payout.

To compare direct cremation funeral plans quickly and easily, you could use the expertise of a funeral plan broker, such as Reassured. They don’t charge for their service, as they work on your behalf to find you the best funeral plan at the best price. It’s much less hassle than going to each plan provider website to compare information.

By Elias Marat | TheMindUnleashed.com

A formerly homeless man is now enjoying his advanced years in a comfortable, entirely 3D-printed tiny home – the very first of its kind in the entire U.S.

Tim Shea, 70, has struggled for much of his life with substance abuse, addiction, and homelessness.

However, the previously unhoused man is now the first person to live in a 3D-printed tiny home, which is now being touted as a model of engineering and sustainability, reports Green Matters.

The 400-square-foot 3D-printed tiny home was printed by nonprofit New Story and construction technology company ICON in the Austin, Texas, area in March 2018 before Shea moved into the location in September.

In 2019, New Story and ICON have also printed a similar community of tiny homes in Mexico, hoping to make good on the use of the technology as a tool to provide homes to the extremely poor.

According to Shea, his new domicile has made all the difference in the world.

“When I found out I’d be the first person in America to move into a 3D-printed home, I thought it was pretty awesome,” Shea told NY Post. “The very people I used to run away from, I’m running to. If you’ve been on both sides of the fence, you know some people just need a little encouragement and support.”

From start to finish, the process of printing and assembling these homes takes only 48 hours and relies on only 70 to 80 percent of the raw building material that conventional housing requires.

Mumbai, the city of dreams and the financial capital of India, is famous for its many historical monuments, but that is not all. If you have been thinking about getting a personal loan for some time now and you are a Mumbaikar, you are in luck, as in today’s post, we will be sharing with you the top lenders in the city for getting a personal loan.

So without further ado, let’s get started.

What Is a Personal Loan?

Before we dive deep into the intricacies of the various lenders who render personal loans, it is important to understand the meaning of a personal loan.

At its essence, a personal loan is a financial instrument through which you, the borrower, can borrow a certain amount of money, usually in the range of ₹10,000 to ₹40,00,000, and use it to meet your urgent expenses. One of the most striking features of a personal loan that distinguishes it from all other financial instruments is the fact that you do not need to share with the lender the exact avenue where you will be spending the loan amount.

For example, if you are taking a home loan, then the lender will mandate you by contract only to spend the money in either buying a new home or renovating an existing one, and the same mandate stands for others such as automobile loans, education loans, etc.

But for a personal loan, you are free to spend the loan amount anywhere you fancy, making it an attractive option for many borrowers.

Personal Loan Banks in Mumbai

Now that you understand the meaning of a personal loan, our two favorite banks for getting a personal loan in Mumbai are ICICI and HDFC. Mentioned below are the details of the same.

1. ICICI Bank Personal Loan

ICICI is a well-recognized player in the Indian banking sector, and it regularly offers personal loans with attractive features to its customers. A personal loan from ICICI can help you meet your urgent financial needs at a moment’s notice while at the same time ensuring that you don’t burn a hole in your pocket.

ICICI bank extends personal loans up to ₹25 lakhs, and if you are an existing customer of the bank, you can get the money in your account in less than 3 seconds.

In order to avail a personal loan from ICICI, you need to be a salaried employee, be 23 years of age or above, and have a minimum monthly salary of ₹30,000 in hand. Along with this, since this is an unsecured offering, ICICI will check both your credit history as well as past debts to determine your repayment capacity.

2. HDFC Bank Personal Loan

Next to ICICI Bank, if there is any financial institution suited to meet your urgent financial needs, it is HDFC. By far, the largest private bank in HDFC, the institution is known across the country for its consumer-friendly lending options and more. You can avail of an instant personal loan from HDFC bank for up to ₹40 lakhs and also have the option of checking your eligibility either at their official website or by visiting any of their branches.

In order to avail of a personal loan from HDFC, you need to be a salaried employee with any private or public sector employer and have a minimum in-hand monthly salary of ₹25,000 in case you have a salary account with HDFC or ₹50,000 if your salary account is elsewhere.

Private Lending Apps

Now that you know of the banks that give out personal loans in Mumbai let us explore some of the most popular private lenders. In the case of private lenders, all you need to do is download their smartphone application, enter your eKYC details, and in no time, you will have the money in your bank account if you meet all the prerequisites.

1.    Money View Loans

By far, the most favorite lending application among both Gen Z as well as Millennials is MoneyView, a private lender based out of Bangalore. Known for its intuitive features and consumer-friendly lending options, the MoneyView application is available both on the Playstore as well as AppStore.

MoneyView gives out personal loans starting all the way from ₹10,000 to ₹500,000, and the best part is, their lending options are available to both salaried as well as self-employed professionals. In order to avail a personal loan from MoneyView, you need to have a credit score of above 750 on a scale of 900, have a minimum monthly income of ₹13,500 in case of salaried, and ₹20,000 in case of self-employed professional. Along with this, it is also advisable that you keep both your latest ITR returns as well as bank statements handy to get your application approved quickly.

2.    Dhani by IndiaBulls

Last but not least is Dhani by IndiaBulls. A new offering by IndiaBulls, Dhani is quickly catching pace among borrowers for their consumer-friendly lending options packaged with features such as constant availability of doctors, discounts, cashback, and much more.

Similar to other private lenders, if you want to avail of a loan from Dhani, you need to download their official application either from the Playstore or the AppStore and start the application process by sharing your eKYC information. In order to become eligible for their offerings, you need to have a minimum credit score of 750 on a scale of 900 and preferably be a salaried employee at either a public or private sector company.

Conclusion

Getting a personal loan when you need it the most can mean the difference between meeting your financial needs or succumbing to their pressure. We hope that this post has been helpful in assisting you to decide on the lender of your choice to get a personal loan in Mumbai. Now all that remains is for you to go ahead, learn about the terms and conditions of each lender and then choose one that suits your needs the most.

Apparently, in today’s competitive world, borrowers have to face the double whammy of inflation, be it soaring regular expenditures or the rising interest rates of home loan. Certainly, the previous is out of hand however the latter is managed through a good live. So, as a receiver, does one assume that your consumer credit interest rates and charges are getting a lot of and a lot of burdensome? area unit high EMIs hampering your monthly budget? If it’s therefore, then, it’s time you look out for balance transfer of your consumer credit to a different loaner. This refinancing possibility will certainly assist you lower your rate of interest and create your EMIs relatively reasonable. And, there are probabilities wherever you would possibly conjointly get bound further edges, like no defrayment penalty, further indefinite quantity, insurance cowl, and more. Here’s a short guide regarding what all you must think about before transferring your consumer credit.

1. Risk of consumer credit Balance Transfer

First of all, before you begin trying to find new lenders to transfer your consumer credit, you must rigorously scan the terms and conditions provided by your current loaner, as bound banks and monetary establishments have a clause that restricts the transfer of consumer credit to a different loaner. So, if your loaner has such a clause that prevents you from identical, then you’re solely left with the choice to renegotiate your consumer credit rate of interest with this loaner.

2. Negotiating for a Lower consumer credit rate of interest

Another probability that you just ought to most likely take before choosing Balance Transfer is negotiating for a lower consumer credit rate of interest along with your current loaner. this could be done on the grounds of excellent credit history and on-time reimbursement record. it’s price a ANd} think about negotiation as an possibility as some banks may conform to lower the interest rates within the concern of not losing customers. Also, if it turns in to your favour, it’ll save loads of your time, cash and energy. there’ll be no ought to romp for brand new formalities and documentation procedures.

3. Checking the marketplace for reasonable Interest Rates

If the higher than 2 choices don’t total, it becomes necessary for you to avail the Balance Transfer facility. to begin therewith, glide by checking for lower interest rates offered by numerous lenders obtainable within the market. you’ll conjointly attempt reaching resolute bound most popular lenders to debate higher regarding your desires and acquire a customized quote, that you will not notice on-line.

4. Assembling data regarding the loaner

Once you order many lenders, another parameter of comparison amongst them ought to be the advantages and services offered with Balance Transfer facility. Moreover, it’s extremely suggested to travel through lenders’ reviews and testimonials on many real-estate platforms before incoming at a choice.

5. The value of Transfer of Loan

Transferring your consumer credit involves many charges like process fee, application fee, examination charges, body charges, and more. In most of the cases, banks charge transfer fees which can be charged by each existing moreover because the new loaner. Calculate if the full prices concerned in your transfer area unit but the interest quantity that you just can save by creating the transfer or not. If not, you must look out for one more loaner or settle with this one.

6. Examine the Terms and Conditions rigorously

It is crucial to remember that when you transfer your consumer credit to a brand new loaner, you may be guaranteed to their terms and conditions. whereas a lower rate of interest could appear tempting, it’s conjointly essential to remember of all the conditions related to your loan. This may embody data regarding bound hidden charges moreover. Therefore, you need to scan all the terms and conditions completely to determine what proportion you may profit by transferring your consumer credit.

Process for consumer credit Balance Transfer

Close the contend with your existing bank: Before setting out with the Balance Transfer method, it’s necessary for you to induce approval from the present loaner by causing a letter to your existing loaner requesting consumer credit transfer. Once confirmed, you may get a No Objection Certificate (NOC) alongside the loan statement mentioning the outstanding quantity.

Provide NOC to the new loan provider: Provide No Objection Certificate to your new lender to induce approval on the loan quantity.

Transfer documents: once the completion of the group action, your property documents are going to be two-handed over to the new loaner. The leftover post-dated cheques stand off. Also, confirm that you just don’t leave any document from being transferred.

Key Takeaway

It is essential to completely gauge the benefits and downsides of the transfer method before creating the ultimate decision. In precise words, unless Balance Transfer brings long run edges, you must think about sticking out along with your current consumer credit supplier.

After nearly a year, the global coronavirus pandemic continues to affect our daily lives and finances worldwide. Almost every facet of life has had to change to accommodate the safety measures to keep people safe from illness. There is nothing ordinary about this new landscape, from at-home quarantines and social distancing to children learning from home and job layoffs.

Millions of people are struggling to keep up with their monthly expenses. As the world changes, your budget likely needs to be adjusted so that you can stay afloat. Your primary expenses like mortgage payments, rent, utilities, and groceries can be tough to budget for if you have unexpectedly lost your job. The good news is that as vaccines begin to roll out through every country, the loss of work won’t last forever.

Buckling down on your expenses is just part of the process of surviving a financial downturn. With many people living outside their means, there are often many places where budgets can be cut. Emergency funds can be found through short term loans at https://paydayloanspro.com/, and you can follow some of these frugal tips to help make ends meet during the pandemic.

REVIEW YOUR BUDGET

The most important place to start your savings journey is to track your expenses and create a budget. Track your spending habits for a month by writing down where your money is going and keeping receipts. You will have a much clearer picture of the areas where you can afford to make cuts to your budget when it is all down on paper. It’s essential to place your primary expenses, including housing, utilities, and groceries, at the top of your budget. 

RENEGOTIATE WITH CREDITORS

If you are facing unemployment during the pandemic, it can seem impossible to continue paying your debts. Your current repayment schedule may not be possible when you are trying to scrape together funds just to pay your mortgage. Many credit card companies, student loan holders, and other creditors have adopted temporary relief solutions during the crisis. Talk to each of your creditors and let them know that you have the desire to continue paying down your debt and ask if you can renegotiate your repayment terms temporarily until you get back to work.

TITLE LOANS

If your finances are tight, now is the time to take advantage of your assets’ value. If you own a car, boat, or RV that is just sitting in your driveway costing you money, you should consider finding a title loan to get the cash you need. A title loan is a unique way to get a secured loan, even if you have poor credit or are not currently working. The value of your title vehicle acts as collateral, and you can borrow against its value. You don’t have to forfeit your asset unless you are unable to meet your payments.

CANCEL SUBSCRIPTIONS

Once you record all of your expenses on your budget, you may be surprised at how much money you are paying out each month on subscriptions. Things like your extra cable package, a book of the month club membership, and magazine subscription prices can add up. Review all of your subscriptions and decide which ones are a priority and what you can live without. Cancel unnecessary subscriptions and put others on hold until you are back in financial shape.

SIDE GIGS

With so many job layoffs, you may need to look for some side jobs to help make ends meet. There are still work opportunities out there if you know where to look. Take advantage of your car to make some money by signing up with a ride-sharing program like Uber or Lyft. Use your job skills as a consultant for another company or look for freelancing jobs on sites like Craigslist or Upwork.

These are unprecedented times that have been tough on everyone. If you are struggling to make ends meet, try some of these tips to help you survive until the end of the pandemic, when things begin to return to normal. We are all in this together.

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As we head into the new year, many of us will be thinking about setting new goals and deciding on a New Year’s resolution. For some, this may be to drink more water, do more exercise, or to learn a new language. For others, they’ll want to spend 2021 getting their finances in order.

If you’re one of these people, then you may be wondering where to start and how to make sure that you stick to your resolution.

There are many different ways you can save cash, but the trick to making your steps to frugality a success is to make small and easy changes first. Don’t stop spending altogether as you’ll eventually cave and want to start splurging for things you enjoy again.

Instead, you want to find a balance between things that you enjoy and making cost savings. Here are some quick and easy ways to do that.

Ditch Cable TV

When was the last time you watched a traditional TV channel? Chances are, if you’re under 35 and live in the United States, it may have been quite a while ago. According to research conducted by Nielsen, 29% of Americans between 18 and 34 didn’t watch any live or time-delay television during the first quarter of 2020. This is significantly more than the rest of the adult population.

Instead, more and more people are switching to streaming services to get their entertainment. Platforms like Netflix, Hulu, and Amazon Prime are offering a cheaper alternative to cable TV, while also providing the convenience and flexibility to be able to watch content whenever you want and on almost any device.

The average US household spends more on their cable bill than they do on the rest of their utilities combined, so it slashing this expense will make a huge impact on how much you save each month.

You aren’t restricted to just the big streaming services either. There are plenty of niche platforms that offer a range of unique and interesting content too. For example, poker fans will find a wealth of live-action, interviews, and other programming through services like PokerStars TV and Twitch. Meanwhile, those who enjoy learning from documentaries will find hours of interesting content on services like Nebula, Curiosity Stream, and even YouTube.

Quit the Gym

Many of us like to head to the gym to work on ourselves and for the social aspects. However, depending on the one you’ve joined, you may be spending a considerable sum each month.

If you can get out of your contract and still maintain the motivation to keep working out elsewhere, then this may be a great way to save money. You can get your cardio in by heading for a run, power walking, using a custom gym cable for building up your chest, or by cycling in the fresh air.

You can also do much of your resistance training without the need for special equipment, using your body weight instead of heavy pieces of metal.

If you’re one of the 6.3% of Americans that has a gym membership that goes unused, then you definitely need to cut this expense. Combined, $1.8 billion is spent on unused memberships each year, so you could save yourself hundreds of dollars each year.

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Learn to Cook

Each year, the average US household spends more than $3,000 on dining out. That’s a lot of money that you could be squirreling away for your future.

Of course, no one is saying you should stop eating out or ordering delivery from your favorite restaurant entirely. But if you can cut down to just one or two meals a month, you’ll be keeping hold of a lot of cash.

Some people head to a restaurant because they’re meeting friends and socializing. But not dining out doesn’t mean you have to go without seeing your friends. Instead, you can just host a dinner party or arrange a picnic in the park instead.

If you’re often reaching for your phone to order an Uber Eats because you’re too tired to cook, then the solution could be to cook in batches. When you are rustling something up in the kitchen, instead of making enough for one sitting, make several more.

You can store these in the fridge or the freezer to have another time and then heat them up like you would with a ready meal that you bought from the store.

These are just three ways that you can have an effect on your budget, but they are all easy to implement and will make a big difference to how much you spend. When done right, they needn’t feel like chores as you can still enjoy all the things you love doing, but at a much lower price.

The festive season is understandably one of the most expensive times of the year. From buying gifts to traveling, holidaying, and budgeting for the festivities, the holiday expenditure list is almost endless. We sometimes splurge on expensive stuff as we unwind and refresh for the year ahead. Therefore, finding yourself cash trapped during this holiday or early next year is not far fetched.

Pixabay – CC0 License

The need for a little extra cash during the holidays is undeniable. The festive season comes with unique opportunities to earn top dollars. However, you will need a measured level of savviness and willingness to utilize the opportunities that come your way. The following proven ways will help you make extra cash and build a financial safety net this holiday:

Offer Rental Services

Holidays are peak seasons for traveling. However, not all travelers can afford or fancy accommodation in fancy hotels. An inexpensive yet comfortable apartment or room can do the trick for many holidaymakers. List the extra room in your home or rent out the whole house if you are holidaying away from home. Listing your property on winter renting websites will ensure you earn some extra dollars to sustain your holiday needs and beyond.

Take up Casual Retail Work

Retail shops are always overwhelmed by the large number of customers streaming in for Christmas shopping. Casual retail workers are in demand during the holidays as stores seek extra pairs of hands. For up to 12 weeks, you can earn extra money by working as a temporary, casual employee at your local retail store.

Invest in Digital Currency Trading

Digital currencies offer unique opportunities to earn money from the comfort of your home. However, a return on investment requires knowledge of the inner workings of the industry. Therefore, learn how to trade crypto during this holiday season and avoid being cash strapped.

De-clutter and Sell Junk

If you have old shoes, toys, or even a bicycle in your store or garage for a year, earn extra money by selling them at the flea market or backyard. What you may consider junk can be a treasure to someone. When de-cluttering and selling junk, consider those unused and unwanted items in your home.

Work as an Assistant

Most people are busy preparing for the holidays or enjoying the festive season. Therefore, work-related activities and errands are relegated to the back burner. Work as a virtual or in-person assistant during this holiday and earn extra money. You can run errands for your friends and colleagues at a fee.

Offer Home Care Services

Many people will leave their pets behind during this holiday. Additionally, many parents want additional hands to care for the kids, especially during special events and parties. Offering home care services, including pet walking and caring and babysitting, can earn you additional money during this holiday.

Work Overtime          

With everyone scrambling for leave, this holiday is ideal for working overtime for extra money. The office will be quieter, and the pay is higher.

This holiday is an excellent opportunity to earn extra dollars. Use the Internet and make some additional cash. You can make a passive income online by trading in digital currencies or serving as a virtual assistant.