figurines net – The Dreamsicles http://thedreamsicles.com/ Mon, 03 Jan 2022 18:08:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://thedreamsicles.com/wp-content/uploads/2021/06/favicon-12-150x150.png figurines net – The Dreamsicles http://thedreamsicles.com/ 32 32 What can you use a personal loan for? https://thedreamsicles.com/what-can-you-use-a-personal-loan-for/ Mon, 03 Jan 2022 18:08:14 +0000 https://thedreamsicles.com/what-can-you-use-a-personal-loan-for/ Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and the confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. Find out what a personal loan […]]]>

Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and the confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours.

Find out what a personal loan is, how to get one, and some common uses for personal loans. (iStock)

If you need to borrow money to cover a large purchase or emergency expense, you may want to consider a personal loan. Personal loans are quite flexible and you can use them for a variety of purposes, unlike loans designed for a specific purchase (like an auto loan).

Here’s what you need to know about what a personal loan is, what you can and can’t use it for, and how to get one.

Credible, it’s easy to compare personal loan rates from various lenders.

How does a personal loan work?

A personal loan is a type of loan that is usually unsecured (meaning it doesn’t require collateral), and you can use it for almost anything. Banks, credit unions, and online lenders offer personal loans.

Personal loans have a fixed repayment term, with monthly payments and interest. When you apply for a personal loan, the lender will examine your credit history, as well as your income, to determine if you qualify for a loan and at what interest rate.

Personal loans vary in size and the amount you can borrow depends on the lender and your personal financial situation. Usually, you can find personal loans ranging from $ 100 to $ 100,000.

What can you use a personal loan for?

One of the main attractions of personal loans is that you can use them for a variety of financial purposes. Here are some examples of common uses for personal loans:

Debt consolidation

If you have multiple sources of debt with variable interest rates, consolidating all of your debts into one personal loan can make management easier. In some cases, you may qualify for a lower interest rate, which can save you money and allow you to pay off debt faster.

Emergency expenses

Life often throws curveballs that cause financial stress. Between emergency vet visits, unforeseen travel needs, and job loss, you may need to borrow money with a personal loan to cover a large expense or to make sure you can get your bills under control. .

Home Improvements

Whether you need a new water heater or want to update your kitchen, you can use a personal loan to cover many major home renovation expenses. A personal loan can help you pay for needed repairs and improvements.

Big purchases

Whether your child needs a new computer for school or it’s time to upgrade your old mattress, a personal loan can be a way to finance a major purchase. Paying off your personal loan in installments can make it easier to finance a large purchase.

The great events of life

From weddings to moving houses, some of life’s greatest moments come at a cost. Whether you saw this major event in your life coming or surprised you, a personal loan can help cover associated expenses, such as hiring movers or purchasing new furniture.

Start a business

While some loan products are designed specifically for business owners, you can also use a personal loan to cover certain business expenses and operating costs. Just be sure to confirm with the lender that you can use the funds for your business before signing on the dotted line.

Medical bills

If you find yourself with medical bills that you can’t pay, a personal loan can help you break those expenses down into manageable monthly payments. It’s worth checking whether the health care provider will negotiate some of your debt or allow you to pay in installments before you take out a personal loan.

Vehicle repairs

Car on the fritz? Since you can’t always wait until you can save for a needed vehicle repair, you can take out a personal loan to help get the repairs done as soon as possible.

As you can see, you can use personal loans for various purposes. It’s up to you to decide whether paying interest to borrow money with a personal loan is worth it.

With Credible you can compare personal loan rates from several lenders in one place.

What can’t you use a personal loan for?

Personal loans have certain limits on how you can use the borrowed funds. During the application process, lenders will usually ask you what you plan to use the personal loan for. As a general rule, you can’t use a personal loan to:

  • Tuition fees – You generally cannot use a personal loan to pay for your tuition. Lenders see this as a risk, as students who do not have a significant source of income may not be able to repay their personal loan.
  • Illegal activities – It might sound like common sense, but you can’t use a personal loan to finance illegal activities.
  • Gambling – Even though gambling is legal where you live, you cannot take out a personal loan for gambling or betting purposes.

How to get a personal loan

Each lender has their own application process, but you will usually need to follow these steps to get a personal loan:

Things to consider before getting a personal loan

Before applying for a personal loan, keep the following points in mind:

  • Interest rate – Lenders charge interest when you borrow money, and you’ll pay it monthly as part of your loan repayment. The lower your interest rate, the less you will spend on interest.
  • term of the loan – The term of your loan is the time you have to repay your personal loan, and it affects the amount of interest you will pay over the term of the loan. As a general rule, the shorter your repayment term, the less interest you will pay.
  • Costs – Personal loans often come with fees, such as origination fees and late fees. Ask lenders in advance what types of fees they charge and when they charge them – these are on top of the cost of your loan.
  • Monthly payment – Each month you will make a payment on the principal balance and part of the interest you owe.

You can easily compare personal loan rates with Credible.

Should you take out a personal loan?

Taking out a personal loan makes perfect sense when you benefit from a favorable interest rate and you can adapt the monthly payments to your budget. For example, if you need money quickly to cover an emergency expense, and you have good credit, a personal loan may be a good option.

But a personal loan does not make sense in some cases. If you don’t have a strong credit history, it may be difficult for you to get a great interest rate. Sometimes using a credit card with a low interest rate can be a better bet (again, only if you can afford your monthly payments). Using a travel rewards credit card to purchase a trip that you know you can pay off by the end of the month will save you the hassle of applying for a loan, and you’ll earn reward points at the same time.

Before taking out a personal loan, it is important to determine if the expense is really necessary and worth paying the interest.


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Five Chelsea loaned stars wish they had availability amid injury crisis https://thedreamsicles.com/five-chelsea-loaned-stars-wish-they-had-availability-amid-injury-crisis/ Sat, 01 Jan 2022 16:37:36 +0000 https://thedreamsicles.com/five-chelsea-loaned-stars-wish-they-had-availability-amid-injury-crisis/ The busy festive period of meetings has taken its toll on most sides, and Chelsea are starting to rack up a host of issues that could be resolved by bringing back stars on loan. Video upload Video unavailable The video will play automatically soon8to cancel Play now Thomas Tuchel reacts to the interview with Romelu […]]]>

The busy festive period of meetings has taken its toll on most sides, and Chelsea are starting to rack up a host of issues that could be resolved by bringing back stars on loan.

Video upload

Video unavailable

Thomas Tuchel reacts to the interview with Romelu Lukaku

Chelsea are in the midst of an injury crisis, and manager Thomas Tuchel may be tempted to call back those on his side who are on loan to cope.

The German boss was furious earlier this week after his side drew 1-1 at home with Brighton and Hove Albion, pointing to the loaded fixture list as the reason for his side’s poor performance.

Ben Chilwell, Thiago Silva, Reece James, Andreas Christensen and Ruben Loftus-Cheek have all been injured recently, while other members of the team have been absent due to a contract with Covid.

But who might Tuchel be looking to remember to deal with his squad selection issues?

Emerson palmieri






Tuchel plans to recall Emerson from Lyon

With Chilwell and James, who played on the left on Wednesday, it makes sense that the ex-PSG boss is considering bringing back a left-back.

Marcos Alonso has thrived as a left-back under Antonio Conte, but Tuchel could look to Italy defender Emerson for cover.

The 27-year-old has made 15 appearances for Lyon so far this season, scoring and assisting once, and is expected to add to his 33 Premier League appearances for the Blues.

Speaking about the prospect of Emerson’s return, Tuchel said: “One of the possibilities is a player that we know and love as a person, Emerson. But we have to check the details, we discuss and reflect and that will continue for the next few days, maybe weeks. ”

Ian maatsen

Have your say! Should Thomas Tuchel remind players of their loans? Comment here.







Ian Maatsen flourished in Coventry City
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Picture:

Matt West / REX / Shutterstock)

With Emerson obviously being considered, Tuchel could also consider bringing back Ian Maatsen’s more attacking full-back to Stamford Bridge.

The 19-year-old has never made a league appearance for Chelsea but enjoys the regular playing time he has at Coventry City in the league.

Maatsen played as the Sky Blues left-back in a 3-4-3, a setup similar to Tuchel’s side at Chelsea.

If the manager has his eye on the future, it could be a great opportunity to bring the academy product into the first team ready for the seasons to come.

Conor gallagher







Conor Gallagher has been a star player on loan at Crystal Palace
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Picture:

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The most talked about possible lender return this season has been Conor Gallagher, who has been superb for Crystal Palace so far this campaign.

The Englishman has scored six goals and assisted three in 17 appearances for the Eagles, and those numbers don’t tell the whole story of his influence due to his excellent work off the ball and the liaison between the game.

Gallagher’s good form at Selhurst Park got him his England debut and a lot has been done of the impact he could have working under Tuchel.

While the 21-year-old won’t solve Chelsea’s defensive woes, he will provide something different down the middle of the midfield – where the second team had previously struggled with injury.

Dujon Sterling

With James now on the sidelines with a hamstring problem, the Blues don’t have a quick and energetic right-back option – given that Cesar Azpilicueta is the most likely replacement as it stands. .

Another academy graduate who might get the chance to show his worth is Dujon Sterling, who is currently on loan at Blackpool.

The 22-year-old has only made nine appearances for the Championship squad and hasn’t really set the league on fire there, but he could provide a good level of cover at the right-back.

Michy Batshuayi






Batshuayi could replace Lukaku, who is in Tuchel’s “bad books” in the short term

Romelu Lukaku revealing to Sky Italia that he was unhappy at Chelsea and that he had never wanted to leave Inter Milan this summer raised serious questions about the Belgian.

It remains to be seen how Tuchel handles his summer signing of £ 97.5million after the comments, but if he chooses to freeze the team’s target man until the case is settled he could then seek to bring Michy Batshuayi back from his loan to Besiktas.

The 28-year-old has scored six goals and assisted three in Super Lig but also has Premier League know-how and could be a good short-term replacement for Lukaku until he reclaims the lead.

Of course, Timo Werner is also an option as a No.9, but he’s always been better as a winger playing against the target man.

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What to know about PA’s student loan relief programs next month https://thedreamsicles.com/what-to-know-about-pas-student-loan-relief-programs-next-month/ Thu, 30 Dec 2021 22:52:05 +0000 https://thedreamsicles.com/what-to-know-about-pas-student-loan-relief-programs-next-month/ HARRISBURG, Pa .– (WTAJ) Governor Tom Wolf issued a reminder regarding Pennsylvania’s student aid programs, which will begin accepting applications in January. The Pennsylvania Higher Education Assistance Agency will begin supporting applications from students eligible for Pennsylvania Student Loan Relief or the Pennsylvania Student Loan Relief Program for Nurses. The Nursing Program was developed for […]]]>

HARRISBURG, Pa .– (WTAJ) Governor Tom Wolf issued a reminder regarding Pennsylvania’s student aid programs, which will begin accepting applications in January.

The Pennsylvania Higher Education Assistance Agency will begin supporting applications from students eligible for Pennsylvania Student Loan Relief or the Pennsylvania Student Loan Relief Program for Nurses. The Nursing Program was developed for nurses who work tirelessly to help fight the COVID-19 pandemic.

“These programs are a way to thank individuals for their tireless efforts and encourage more students to pursue these career paths. Loan cancellation opportunities are available now, and we need to get the word out so that eligible Pennsylvanians can take advantage of these critical programs, ”Governor Wolf said.

Fellows will receive student loan relief of $ 2,500 for each year of work in the field, for a maximum of three years or a maximum of $ 7,500. For more information on the program, click on here.

“As a nurse, I was proud to champion this funding and I am delighted to work with Governor Wolf and the PHEAA to launch this student loan relief program,” said Senator Maria Collett. “For nurses in Pennsylvania, COVID-19 has made an already difficult and stressful job exponentially; this program is an excellent first step to better support them and keep them in the profession.

In addition, Governor Wolf announced on Dec. 17 that Pennsylvania will not tax student loan forgiveness for the nurses’ program and the civil service loan forgiveness program. Pennsylvaia joins the federal government and several other states in making loan forgiveness tax-free.

“The past 22 months of battling the pandemic have put a strain on public sector workers here in Pennsylvania and across the country,” Governor Wolf said. “By supporting our compatriots in Pennsylvania, we are keeping the Commonwealth competitive with other states and further prospering by ensuring that the best and brightest minds come to Pennsylvania.”


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Freddie Mac’s New Renovation Loan https://thedreamsicles.com/freddie-macs-new-renovation-loan/ Wed, 29 Dec 2021 12:40:16 +0000 https://thedreamsicles.com/freddie-macs-new-renovation-loan/ Freddie Mac’s New Renovation Loan Freddie Mac’s CHOICEReno eXpress program can provide you with the cash you need badly if you’re buying or refinancing a home in need of upgrades. This one-time closing loan finances your mortgage and home renovations with just one loan. This means only one set of documents, one closing, and one […]]]>

Freddie Mac’s New Renovation Loan

Freddie Mac’s CHOICEReno eXpress program can provide you with the cash you need badly if you’re buying or refinancing a home in need of upgrades.

This one-time closing loan finances your mortgage and home renovations with just one loan. This means only one set of documents, one closing, and one set of closing costs.

Like other single-closing home improvement loans, CHOICEReno eXpress can save people time and money when they want to finance renovations to a new or existing home.

Check your mortgage options. Start here (December 29, 2021)


In this article (Skip to …)


What is the CHOICEReno eXpress renovation loan?

Home renovations can update a property to your style and taste. And some projects will even increase the value of your home. But renovations can be expensive.

Freddie Mac’s CHOICEReno eXpress is designed for small-scale projects and works by combining housing finance with a home improvement loan. So rather than getting separate financing to cover your real estate projects, you can get an all-in-one single-close loan.

This streamlined home improvement loan program is an alternative to using your personal savings, a credit card, or home equity to finance real estate projects.

Keep in mind, however, that this program is not for newly built properties. And it’s limited to certain types of loans and units.

Freddie Mac’s CHOICEReno eXpress differs from construction loans in that you are allowed to advance to a contractor or home improvement store 100% of the cost of materials once you have received the funds. However, you must provide an estimate from a home improvement store or licensed contractor.

The good news, however, is that you are allowed to do home improvement projects on your own if you are a licensed contractor. But the program does not pay you for labor.

What renovations can you do with Freddie’s Mac CHOICEReno eXpress?

Freddie Mac’s new Home Improvement Loan program funds small-scale cosmetic upgrades, such as:

  • Small interior and exterior renovation
  • Interior and exterior painting
  • New windows and doors
  • Purchase of energy-efficient appliances
  • Repair or replace your roof

You can get mortgage financing, as well as an additional 10% of the property’s value for improvements (or 15% in a community in need).

To illustrate, let’s say you buy a home for $ 300,000 with a 5% down payment of $ 15,000. Since you can get 10% of the property’s completion value, under this program you could receive up to $ 30,000 for home improvement projects.

Freddie Mac CHOICE Reno eXpress Loan Requirements

In addition to using the CHOICEReno eXpress loan for small-scale projects, you can only use this program with certain mortgage products.

It is available with Freddie Mac Fixed and Variable Rate Mortgages, such as Freddie Mac Home Possible Mortgages, Freddie Mac HomeOne Mortgages, Freddie Mac HFA Advantage Mortgages, and Super Compliant Mortgages.

Properties eligible for the Freddie Mac CHOICEReno eXpress loan include:

  • Main residences with 1 to 4 apartments
  • 1-unit secondary residences
  • 1 unit investment properties
  • Prefabricated houses

Keep in mind that the program’s maximum loan-to-value (LTV) ratio depends on the type of unit and program.

  • 95 to 97% for properties with 1 unit *
  • 105% for 1 unit properties with Affordable Seconds down payment assistance
  • 85% LTV for main residences with 2 units
  • 80% LTV for main residences with 3 to 4 apartments
  • 90% LTV for second homes with 1 unit
  • 85% LTV for investment properties with 1 unit
  • 95% LTV for prefabricated houses

* Varies depending on the loan program. Qualifying LTVs are higher for first-time homebuyers using Freddie Mac HomeOne or Freddie Mac Home mortgages

Typically, owner-occupied mortgages require you to move into the property within 60 days of closing. However, this program does not require occupancy during the renovation, and you have up to 180 days to complete the renovations.

Other Freddie Mac Home Improvement Loans

While Freddie Mac’s CHOICEReno eXpress is an option for some borrowers, it is not an option for everyone.

For example, this program allows only small-scale renovations. If your home improvements do not qualify for funding from the eXpress program, they may be eligible for the Freddie’s CHOICERenovation loan, which is the parent loan program.

Similar to the Xpress renovation loan, the CHOICERénovation is a one-time mortgage that covers the costs of the renovation with the financing. You can also use this loan for a new purchase or refinancing.

The difference, however, is that this program funds large home improvement projects, including renovations and repairs needed after a natural disaster.

This parent program has the same maximum LTV as Freddie Mac CHOICEReno eXpress. And you can advance a licensed contractor or home improvement store 100% of the cost of materials. You have 365 days to complete the upgrades.

Check your mortgage options. Start here (December 29, 2021)

Alternative renovation loan programs

Freddie Mac home improvement loans aren’t the only alternative for small (or large) scale projects. Other options include:

Fannie Mae HomeStyle

Another option for financing renovations with a conventional loan purchase is Fannie Mae’s HomeStyle. Whether you are buying or refinancing, you can use funds for home improvement projects, including landscaping projects and luxury upgrades.

FHA 203 (k)

When buying or refinancing with the 203 (k) mortgage guaranteed by the FHA, you can borrow up to 110% of a property’s quoted value for renovations. However, you cannot use this loan for investment property, nor for luxury upgrades like a swimming pool or outdoor kitchen.

Refinancing of collections

Another option, if you already own your home, is to cash out some of your equity with a cash refinance. This involves borrowing more than the original loan amount and then getting the difference in cash. Refinancing with cash can be a great idea if you plan to lower your mortgage interest rate at the same time as you leverage your home equity.

Home equity loan

Or, you can apply for a home equity loan. This involves borrowing against the equity in your home and receiving a lump sum payment, typically up to 80% to 85% of the value of your home.

Unlike a cash refinance, this is a “second mortgage” meaning you take out a separate loan. above your existing mortgage. This will leave you with two loans and two monthly payments. But it may be better than refinancing if you already have a good rate on your current mortgage – or if you’re almost done paying off the house.

Home Equity Line of Credit (HELOC)

A HELOC also allows you to borrow against the available equity in your home. But rather than getting a lump sum, you’ll have access to a line of credit that you can use as needed.

Choose a renovation loan

Freddie Mac’s CHOICEReno eXpress program is just one of many options for financing home renovations. The type of loan that’s right for you will depend on your finances, your current homeownership status, and the type of renovations you want to do.

Contact a mortgage lender when you are ready to discuss your options. A loan officer can help you determine what types of loans are available, what you are eligible for, and what will be best for your situation.

Show me today’s rates (December 29, 2021)

The information on The Mortgage Reports website is provided for informational purposes only and does not constitute an advertisement for any products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, its parent company or its affiliates.


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forgive student loan debt would increase black wealth https://thedreamsicles.com/forgive-student-loan-debt-would-increase-black-wealth/ Mon, 27 Dec 2021 18:37:41 +0000 https://thedreamsicles.com/forgive-student-loan-debt-would-increase-black-wealth/ If President Joe Biden lives up to his campaign pledge to write off student loan debt, black families stand to benefit the most, a new study finds. Without the burden of student loans, the Roosevelt Institute estimates Black wealth could increase up to 40%. Meanwhile, despite growing calls from Congress to write off student loan […]]]>

If President Joe Biden lives up to his campaign pledge to write off student loan debt, black families stand to benefit the most, a new study finds. Without the burden of student loans, the Roosevelt Institute estimates Black wealth could increase up to 40%.

Meanwhile, despite growing calls from Congress to write off student loan debt of up to $ 50,000, the Biden administration has refused to adopt such a plan. During his campaign, Biden has pledged to forgive up to $ 10,000, although that has yet to materialize either.

However, some student loan debts have already been canceled. Borrowers from now-defunct predatory schools – like Trump University – have already had their loans canceled. In addition, borrowers with permanent disabilities have obtained a forgiveness of their student loan debt.

But such actions are not directed at the millions of students who have borrowed money to pay for college and university education, with student debt now rising to over $ 1,000 billion nationwide. This particularly affects black families, who have more debt than their white counterparts, and are more likely to have defaulted on their loans.

Recently the Roosevelt Institute, a progressive think tank, conducted a study on student loan borrowers. The study noted that forgiving student loans “would provide more benefits to those with fewer economic resources and could play a critical role in closing the racial wealth gap and building the black middle class.” The reason for this escalation is simple: people from wealthy backgrounds (and their parents) rarely use student loans to pay for their studies.

See also

Black Girl Magic: Elle Smith crowned Miss USA

In fact, black borrowers would benefit from greater debt relief if the Biden administration enacted a $ 50,000 forgiveness program, as demanded by progressive Democrats like Senator Elizabeth Warren (D-Mass.). Black student loan borrowers would receive on average about $ 5,000 more in remission than white borrowers.

Additionally, black families in the United States have seven times less wealth than white families, making the burden of debt repayment a barrier to increasing wealth through home ownership and income. other financial means.

According to Senator Warren, “It is time for the administration to write off $ 50,000 in student debt and give relief to those who are being crushed. Representative Alexandria Ocasio-Cortez (D-NY) endorsed the view, pressuring President Biden to use his executive powers to write off student loan debt.

In the meantime, the Biden administration has agreed to extend the school loan repayment break until May 2022 due to the ongoing Covid19 pandemic, which has affected students across the country.


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Patent, Corporate Champions, Galion Bâtiment et Prêt https://thedreamsicles.com/patent-corporate-champions-galion-batiment-et-pret/ Sat, 25 Dec 2021 15:44:10 +0000 https://thedreamsicles.com/patent-corporate-champions-galion-batiment-et-pret/ Residents of the region are the co-inventors of a new patent Step2 Co. of Streetsboro, has been awarded a patent developed by three co-inventors for “Rotary molding systems and their components”. The co-inventors are Matthew C. Brokaw of Bellville, Eric Jay Miller of Loudonville and Richard Howard Goff Jr., Hartville. According to the patent, conventional […]]]>

Residents of the region are the co-inventors of a new patent

Step2 Co. of Streetsboro, has been awarded a patent developed by three co-inventors for “Rotary molding systems and their components”. The co-inventors are Matthew C. Brokaw of Bellville, Eric Jay Miller of Loudonville and Richard Howard Goff Jr., Hartville.

According to the patent, conventional rotary molding systems include a spider which surrounds at least one mold housing and is attached to a spindle which is rotated and heated in an oven during a molding process. The inventors have created a method to facilitate the disassembly of the spider.

Local lawmakers named Champions of Business by the Ohio Chamber

COLUMBUS – State Representative Marilyn John (R-Shelby) and Senator Mark Romanchuk (R-Ontario) are among more than six dozen lawmakers named 2021 Champions of Business by the Ohio Chamber of Commerce.

Lawmakers who have achieved this honor have done so by scoring at least 80% on the Ohio Chamber 2021 scorecard, which is made up of the key votes taken by lawmakers that impact the business world and the sponsorship of laws that hinder or strengthen Ohio’s business climate.

Of the 132 members of the Ohio Legislature, 75 members got at least 80 percent, of which 32 got 100 percent.

The Ohio Chamber is the premier advocate for state affairs and represents thousands of companies doing business in Ohio.

Galion Building and Loan Donates Calculators to Sixth Grade Galion Students

Galion Building and Loan Bank representatives Jody Fraley (back, second from left) and Stan Gregory (back, second from right) introduced new calculators to all sixth graders at Galion Middle School for the 30th consecutive year. The sixth graders pictured showing their new calculators include (front, left to right) Ramon Hawk, Lily Hall, Summer Stephenson, Tim Miller, Ethan Craft and Cullen Hart. The directors of GMS, Mr. Wheeler (back left) and Mr. Kinnard (back right) were also present for the presentation.

GALION – Galion Building and Loan Bank continued its support for education in the Galion community with its donation of calculators to Galion Middle School on December 7th. This is the 30th year that the bank has donated to sixth-graders.

The Board of Directors, along with Bank President Don Barr, chose to form a partnership with Galion Middle School in 1992. The goal has been to have a positive impact on the education of every GMS student.

The students received a Texas Instruments TI-30X IIS calculator, which is the official calculator for the Ohio Graduation Test.

The calculators were distributed to the students at a brief GMS introductory assembly. Each calculator is engraved with the student’s name and is affixed with a sticker that includes the name of the bank and a statement declaring the bank’s concern for the education of our youth.

Galion Building and Loan Bank has distributed 6,180 calculators to students in Galion since 1992.

In addition to the annual donation of calculators, Galion Building and Loan Bank also does an annual presentation to all first graders in Galion on “Teach Children to Save Day”. Students receive a Billy Buck Piggy Bank and learn the importance of saving money during the presentation. The bank also supported Junior Achievement in schools in Galion City by sending volunteers to classrooms to teach children about business.

Firelands Electric Co-Op Announces Team A December Winners

Firelands Electric Cooperative has announced the winners of the Team A draw for December.

Haley McNaull is an eighth grader at Ashland Middle School and the daughter of Greg and Julie McNaull. Alexandra Cutlip is the daughter of Bill and Connie Cutlip and is a sixth grader at Crestview Middle School. Abbie Bores, a sixth grade student at Monroeville schools, is the daughter of Paul and Jamie Bores.

Sponsored by Firelands Electric, Team A recognizes students in Grades 6-8 who scored at least three A’s on their most recent report card. Applicants must also reside in a household served by the cooperative. Students who submit a qualifying report are entered into a draw held at the end of each grading period.

Three winners are randomly selected from each draw to receive an Amazon gift card and are recognized in Ohio Cooperative Living magazine and on the Firelands website and social media.

Full guidelines are available on the co-op’s website at firelandsec.com/team. The next draw will take place on February 10.

This article originally appeared in the Mansfield News Journal: Business records: patent for local inventors, recognition from the Ohio Chamber


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“Can insurance help me pay off my Dh 2.7 million loan?” “ https://thedreamsicles.com/can-insurance-help-me-pay-off-my-dh-2-7-million-loan/ Wed, 22 Dec 2021 05:01:20 +0000 https://thedreamsicles.com/can-insurance-help-me-pay-off-my-dh-2-7-million-loan/ I have had a loan since the late 1990s, as well as credit cards in addition to another loan I took out a few years ago. However, I was unable to pay regular installments as I lost my job in 2015. The two loans have been restructured several times. One loan is 2 million Dh […]]]>

I have had a loan since the late 1990s, as well as credit cards in addition to another loan I took out a few years ago. However, I was unable to pay regular installments as I lost my job in 2015.

The two loans have been restructured several times. One loan is 2 million Dh and the other 700,000 Dh, and I was paying monthly installments of 50,000 Dh. At the time, I was running a business and could afford the payments.

Since I lost my job, I was working as a consultant on an ad hoc basis and paying smaller amounts for loans.

However, I realized that I could not continue with this approach due to the accrued interest and penalties that were piling up.

A few months ago, a court froze my bank account and banned me from traveling. I currently have a lawyer discussing my situation with the bank’s legal team, but I still have no job and no way to pay the loan or support my family.

I am desperate to find a job and to be able to negotiate and resolve this issue.

My question is, if the loans are insured, can they be settled through the insurance companies? Or is there something else you advise me to do to resolve my issue? SM, Dubai

Debt Panelist 1: R Sivaram, Executive Vice President and Head of Retail Banking Products at Emirates NBD

I am sorry to hear about your situation and it is commendable that you are trying to find a workable solution so that you are able to meet your commitments.

As a first step, please continue to speak with the bank, either directly or through your lawyer, to reiterate your current situation and seek assistance in reaching a viable settlement plan.

Request for review of accumulated penalties and other charges, taking into account the age of the loan. Evaluate, if you haven’t already, whether there are assets that you can liquidate in the UAE or at home that you can use to settle some of the outstanding amount.

While loan insurance normally covers any unfortunate event, please ask the bank for a copy of the relevant terms and conditions to see if there are other coverages available.

I wish you the best of luck in coming to a good settlement plan with the bank and also in quickly finding a new job that can help you make the required regular payments while taking care of your daily needs.

Panelist on Debt 2: Jaya Ratnani, Managing Partner at Freed Financial Services

Many people need loans and debt to make business investments or take on other responsibilities. While these are justifiable, it’s important that you don’t let them turn into bad debt.

Restructuring a loan is a short-term solution and is usually done over one or two years. There are guidelines from the Central Bank on the maximum number of restructurings that can be carried out. In addition, one must have a source of fixed income, namely a salary or business income. As you do not have a fixed job, this option is not possible.

While loan insurance normally covers any unfortunate event, please ask the bank for a copy of the relevant terms and conditions to understand if there are other coverages available.

R Sivaram, Executive Vice President and Head of Retail Banking Products, Emirates NBD

There are debt settlement options that can be discussed with the bank. Since your loan is over 20 years old, you would have already paid a substantial amount of interest to the bank. Sometimes banks are willing to negotiate debt settlement when they get an amount that is less than what is owed.

You can also seek help from professional negotiators who can help you choose the program that is right for your needs.

If you make one-off payments without an agreed solution from the bank, it will be considered a default and the bank is within its rights to take legal action. You can explore the possibility of taking your plea to court and filing an insolvency claim.

Under this law, borrowers have repayment methods that offer protection against criminal prosecution. A forensic expert is appointed who will coordinate and draw up a plan to settle financial debts and fulfill all obligations under the stipulated plan.

When it comes to personal loan insurance, you’ll need to check whether the monthly premium you pay covers job loss or whether it’s comprehensive coverage that only covers death or disability. This will be mentioned in your original loan agreement, a copy of which you should have kept when you take out the loan.

To improve your current financial situation and seek stability, you need to look for a suitable job instead of taking it on a piecemeal basis. If necessary, seek help from your peer groups to find the right job opportunity. Hope you will be able to get through this difficult situation.

Debt Panelist 3: Nathan McFarlane, Founder of AskHelpWith.com

It seems to be an extremely difficult situation. The loans are substantial amounts and they pose additional difficulties.

To have loans of this level, my assumption would be that you would have other assets? If so, I would start to consider selling other assets you own, including properties, and downgrading your lifestyle in the meantime to address these issues.

In the event that you don’t own any properties or other assets, this makes your situation much more difficult.

Loan insurance policies often cover interim job loss payments, but I find it unlikely that they will cover such a long period of unemployment.

Getting legal advice at this point is definitely a smart move if you have access to it.

I think it’s always important to remember that banks want to collect funds and are ready to negotiate, especially when it comes to larger sums of money.

As I always advise, keep constant contact with the bank to minimize further problems. Good luck.

Update: December 22, 2021, 5:06 am


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Ending Student Loan Repayment Pause Won’t Cause Crisis Among Borrowers https://thedreamsicles.com/ending-student-loan-repayment-pause-wont-cause-crisis-among-borrowers/ Mon, 20 Dec 2021 09:00:00 +0000 https://thedreamsicles.com/ending-student-loan-repayment-pause-wont-cause-crisis-among-borrowers/ After nearly two years of a payment hiatus and interest relief, more than 20 million borrowers will need to start repaying their federal student loans in February. Some Democrats have urged the Biden administration to further extend the payment break and the interest waiver, amid concerns about the Delta and Omicron variants and the economy. […]]]>

After nearly two years of a payment hiatus and interest relief, more than 20 million borrowers will need to start repaying their federal student loans in February.

Some Democrats have urged the Biden administration to further extend the payment break and the interest waiver, amid concerns about the Delta and Omicron variants and the economy. They call the restart of reimbursement a “reimbursement cliff”.

These fears are exaggerated. Most borrowers will start repaying again without any problem. There will be no massive collapse of the student loan system. The return to reimbursement will not be the start of the zombie apocalypse.

The US Department of Education identified the current extension as “final extension” in August. Administration officials recently confirmed that there would be no further delay in restarting reimbursement. The US Department of Education has already started sending emails to borrowers regarding the restart of repayment in February and is planning targeted outreach to at-risk borrowers.

There will undoubtedly be some start-up pains with the reboot of the repayment. Call centers can be clogged despite extended hours and additional staff. But it will be a problem in the short term, and borrowers can send secure email messages through the loan service’s online portal.

A handful of surveys of borrowers have called the restart of the repayment a doomsday scenario. Investigation reported that 89% of borrowers say they are not financially secure enough to resume payments in February. This survey seems to suffer from a selection bias. A different survey, which is based on a random sample of student loan borrowers, reports that only 29% of borrowers are unwilling to repay.

Of course, what people say and do are two totally different things.

Some borrowers may indeed find it difficult to repay their student loans, just as they did before the pandemic. Excluding borrowers in education or in grace period, 28% of borrowers in the direct loan program were in deferral, forbearance or default and 9% were in serious default as of December 31, 2019 , based on an analysis of government data.

Meanwhile, unemployment rates for college graduates have normalized, from a peak of 8.2% in April 2020 to 2.1% in November 2021, according to the data of the Bureau of Labor Statistics. Most of the new jobs created in 2021 went to college graduates.

Deferral and forbearance rates on federal student loans that were not eligible for the payment break and interest waiver also returned to pre-pandemic standards. As of June 30, 2021, based on the most recent government data, 75.5% of loans held by Federal Family Study Loan Program are in the process of being repaid, compared to 73.5% as of December 31, 2019 and 1.2% of borrowers eligible for the payment break and the interest exemption. Only 6.5% of borrowers are in abstention and 2.4% in deferment, against 6.5% in abstention and 3.7% in deferment before the pandemic.

There are similar results for private student loans, which were also not eligible for the payment break and interest waiver. Based on Sallie Mae’s SEC 10-Q and 10-K files, 2.26% of Sallie Mae’s private student loans were in forbearance and 2.42% were in arrears, as of September 30, 2021, up from 3.62% in abstention and 2.77% in delinquency. as of September 30, 2019.

Thus, there is no need to further extend the payment break and the interest waiver.

To ensure that they are aware of the new payment due date, all borrowers should ensure that their loan officers have up-to-date contact information. They should also update their contact details at StudentAid.gov. Borrowers will receive at least half a dozen notices before repayments restart.

Monthly loan payments and interest rates will be the same in February as before the pandemic, although payment due dates may change. The payment break and the interest relief put loans into hibernation. (Although the Federal Reserve plans to raise interest rates in 2022, 2023, and 2024, this will not affect existing federal student loans, most of which have fixed interest rates.)

Borrowers who use AutoPay to automatically transfer payments from their bank account to the loan manager may need to confirm that their bank account information has not changed. Do not assume that the payments will automatically transfer when the refund is restarted.

Other borrowers may wish to enroll in AutoPay. Those who do are much less likely to be late on their payments, thus avoiding late fees and collection costs. Most lenders offer a small reduction in interest rates, typically 0.25 or 0.50 percentage points, as an incentive.

If a borrower’s spending increased during the pandemic, they should revisit their budgets to free up money to start paying off their student loans. Reduce discretionary spending. Borrowers can also increase their income by asking for a raise, working part-time evenings and weekends, or opting for a higher paying job.

More than a third of borrowers in the direct lending program experience a change of loan manager, due to the departure of four student loan officers from the student loan program. A change in student loan manager can be confusing as the payment address and service portal will change. Loans and payment history are sometimes lost and payments can be misdirected. This disruption would have occurred regardless of the restart of reimbursement. Borrowers whose loan manager changes should save or print a copy of their loan information now, before the transition, and confirm that their loans were transferred correctly afterwards. They may need to re-register for AutoPay with the new loan manager.

For borrowers who are still struggling financially, there are other options for financial relief. One is postponements and tolerances. Borrowers can use deferral of unemployment, deferral of economic hardship, or blanket abstentions to suspend payments on their federal student loans. Each of them has a 3-year limit. Another is the income-based repayment. If a borrower’s income is below 150% of the poverty line, their monthly student loan payment is zero under income-based repayment, pay-as-you-go, and pay-as-you-go repayment. revised distribution. Interest can continue to accrue under these options, unlike pausing payment and interest relief. If the borrower’s income has decreased, they can ask the loan manager to recertify their income earlier to qualify for a lower monthly loan payment.

One prediction: Deferment, abstention and delinquency rates will be lower than they were before the pandemic, due to higher wages and lower unemployment.

Guest comments like this are written by authors outside of the Barron’s and MarketWatch newsroom. They reflect the views and opinions of the authors. Submit comments and other comments to ideas@barrons.com.


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How Student Loans Will Work When Student Loan Payments Start Again https://thedreamsicles.com/how-student-loans-will-work-when-student-loan-payments-start-again/ Sat, 18 Dec 2021 13:30:00 +0000 https://thedreamsicles.com/how-student-loans-will-work-when-student-loan-payments-start-again/ President Joe Biden (Photo by Drew Angerer / Getty Images) Getty Images Here’s what student loan repayment means for your student loans. Here is what you need to know. Student loans After 22 months of unprecedented student loan relief, federal student loan repayments will resume as of February 1. Since March 2020, student loan borrowers […]]]>

Here’s what student loan repayment means for your student loans.

Here is what you need to know.

Student loans

After 22 months of unprecedented student loan relief, federal student loan repayments will resume as of February 1. Since March 2020, student loan borrowers have received several student loan benefits, including:

  • no mandatory federal student loan payments;
  • 0% interest on federal student loans;
  • no collection of defaulted student loans.

As of January 31, 2022, this temporary student loan forbearance will end and more than 40 million student loan borrowers will resume student loan repayments. (No, Biden will no longer extend the student loan relief). Here are 7 things you should know:


1. Which student loans are affected by the end of student loan relief?

This student loan relief only impacted federal student loans. Therefore, effective February 1, 2022, you will again need to make monthly payments for your Federal Student Loan. Temporary student loan relief due to the Covid-19 pandemic did not apply to private loans. As of February 1, 2022, you will be making private and federal student loan repayments as you did before the Covid-19 pandemic. (Why Biden Ended Student Loan Relief).


2. What is my new interest rate?

As of March 2020, Federal Student Loans temporarily had an interest rate of 0%. This means that no new interest has been accrued on your federal student loans during the student loan forbearance period. Private loans did not have this advantage. As of February 1, 2022, your student loans will include the usual interest rate you had before the Covid-19 pandemic. (Don’t expect Biden to write off student loans until student loan relief ends.) Since federal student loans today have a fixed interest rate, you should have the same interest rate as in March 2020. That said, some older federal student loans had a variable interest rate, so if you have an older federal student loan, your interest rate may have changed.


3. When is my student loan payment due?

Your student loan payment is not necessarily due on February 1, 2022. On the contrary, your federal student loan payments will be due. departure February 1st. Therefore, each borrower will have a specific due date. Check your student loan statement to confirm the due date or contact your student loan manager for more details.


4. Who is my student loan manager?

Your student loan manager is the company to which you make the student loan payments. Most student loan borrowers will have the same federal student loan manager as before the Covid-19 pandemic. Your private student loan manager may be the same company or a different company. That said, about 16 million student loan borrowers will have a new federal student loan service in 2022. That includes Navient, one of the major student loan services, leaving the federal student loan service. If your federal student loan manager changes, the US Department of Education will send you written correspondence detailing the change and informing you of your new student loan manager. You can also check your Federal Student Aid (FSA) account to confirm your student loan manager. (Here’s a list of everyone who wants Biden to extend student loan relief.)


5. Does the end of student loan relief affect the cancellation of student loans?

Yes, the termination of student loan relief may affect the cancellation of the student loan. (How to qualify for the automatic student loan exemption). The good news is that student loan waivers and waivers are still available. This includes the cancellation of the student loan through the cancellation of the civil service loan, for example, or the cancellation of the student loan by the defense of the borrower to the repayment of the student loan, for example. That said, during the 22-month student loan forbearance period, the US Department of Education “counted” federal student loan defaults for the purposes of student loan cancellation. This includes both income-driven repayment plans, which require 20 to 25 years of monthly student loan payments, and civil service loan cancellation, which requires 120 monthly student loan payments. As of February 1, 2022, student loan borrowers will be required to make federal student loan repayments to obtain “credit” for these monthly payment requirements.


6. What if I can’t afford my student loan repayments?

If you can’t afford to pay off your student loan, there are several options available to you. Contact your student loan manager for more details. For federal student loans, you can explore forbearance or deferral. However, interest can accrue on your student loan balance even if you don’t make a repayment. A better alternative is an income-based repayment plan such as IBR, PAYE, REPAYE, or REPAYE, which will set your monthly student loan payment based on your discretionary income, family size and condition. residence.


7. How can I get a lower interest rate on my student loans?

The best way to get a lower interest rate on your student loans is to student loan refinancing. Refinancing a student loan helps you get a lower rate for private and federal loans, and can lower your monthly student loan payment as well. Rates start at 1.74% now, and you can choose a fixed or variable interest rate.

To qualify, you must be employed or have a signed job offer, have a stable monthly income to pay for student loans and other living expenses, and at least a credit score of 650. When you refinance student loans, the resulting loan is a private loan. So, if you are pursuing repayment plans or federal benefits such as income-tested or civil service remission, for example, you may want to refinance only your private loans. However, some borrowers prefer to refinance both private and federal loans. It depends on your particular situation.

The end of temporary student loan relief doesn’t have to be scary. The most important part is understanding all of your options and having a clear strategy. Here are some popular ways to save money and pay off student loans faster:


Student loans: related reading

Biden confirms end of student loan relief

Biden won’t cancel student loans until student loan relief ends

How to qualify for the automatic student loan exemption

Education Department to Cancel $ 2 Billion in Student Loans


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Improving Credit Outlook, Mergers and Acquisitions, Rising Interest Rates, and Lending Growth Spur Modernization of U.S. Regional Banks https://thedreamsicles.com/improving-credit-outlook-mergers-and-acquisitions-rising-interest-rates-and-lending-growth-spur-modernization-of-u-s-regional-banks/ Thu, 16 Dec 2021 19:14:00 +0000 https://thedreamsicles.com/improving-credit-outlook-mergers-and-acquisitions-rising-interest-rates-and-lending-growth-spur-modernization-of-u-s-regional-banks/ Raymond James analyst Micahael Rose on Thursday raised three regional banks and reduced his opinion on one in anticipation of a rather positive outlook for the sector by 2022. “We have become increasingly optimistic about the banking industry over the past year,” said Rose. The main catalysts include improving credit, accelerating the pace of mergers […]]]>

Raymond James analyst Micahael Rose on Thursday raised three regional banks and reduced his opinion on one in anticipation of a rather positive outlook for the sector by 2022.

“We have become increasingly optimistic about the banking industry over the past year,” said Rose.

The main catalysts include improving credit, accelerating the pace of mergers and acquisitions, higher interest rates and a return to loan growth.

In total, 77 of the 139 banks covered by Raymond James are rated as strong or outperforming buyers.

“We are seeing similar catalysts for the industry in 2022 as we did in 2021 which we believe will likely lead to positive BPA revisions throughout 2022,” Rose said.

Net interest margins are expected to increase as banks deploy excess liquidity and demand from commercial and industrial borrowers improves.

See also: Why the recent wave of regional bank mergers is far from over – and you could benefit from it

Raymond James improved CrossFirst Bankshares CFB,
+ 3.52%
to buy solidly to outperform, with a target price of $ 18 per share.

“Loan growth will be supported by continued recruitment efforts across its footprint, its recent entry into Phoenix and the deepening of its presence in Texas, which we believe will support single-digit loan growth through 2023. “Rose said. “In addition, we see the recent appointment of Ben Clouse as CFO as an additional positive given his experience in a larger company (former CFO of Waddell & Reed Financial Inc.”

SouthState Corp. SSB,
+ 0.15%
and Atlantic Capital Bancshares Inc. ACBI,
+ 0.18%
were revalued to outperform market performance, before the merger of the two banks which should be finalized by the end of the first quarter. Raymond James has set a price target of $ 90 for SouthState.

Positive winds from SouthState include its “solid” loan growth potential in mid to high numbers, the benefits of its June merger with CenterState Bank and a boost from its ongoing acquisition of Atlantic Capital Bancshares, a- he declared.

Read: Mid-cap banks are healthy but see downward pressure on overdraft fees and increased regulatory oversight

On the negative side, Raymond James downgraded Prosperity Bancshares Inc. PB,
-0.33%
for the market to perform to outperform. “We see few material catalysts to improve its relative valuation against its peers in the near term,” Rose said.

Raymond James’ rating changes come after a strong year for bank stocks, with the KBW Nasdaq Bank Index BKX,
+ 1.11%
up 36% in 2021, including Thursday’s gains.

Read: Mid-cap banks are healthy but see downward pressure on overdraft fees and increased regulatory oversight

CrossFirst Bankshares stock gained 41% in 2021, including a nearly 5% jump on Thursday. SouthState is up about 11% this year, including a 2% rise on Thursday. Prosperity Bancshares rose 4.3% this year.

See also: UBS names Bank of America as first choice in glowing outlook for banking stocks


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