Published: Monday, February 20, 2012

Updated: Friday, February 17, 2012

Student loan debt is gradually presenting itself as the next big financial hurdle nationwide.

The average debt students faced from loans exceeded $25,000 in 2010, the highest yet, according to the Project of Student Debt in Oakland.

In a report by the National Association of Consumer Bankruptcy Attorneys, a quarter of the attorneys said that the number of student loan clients has increased 50 – 100 percent.

Students in financial need depend on either federal or private loans to pay for their degree. Federal loans include subsidized and unsubsidized loans. Many students will opt for the unsubsidized federal loan for its lower rate. However, obstacles are making the process harder on students.

“You need to have very good credit to get a good rate,” said Mirna Valenzuela, a financial aid counselor at DePaul University. “Students have to shop around.”

While federal loans are the preferred method, undergraduate students cannot rely on them for all their financial aid.

“Federal government only allows you to borrow so much as an undergraduate,” said Valenzuela, who explained that undergraduates are limited to $5,000-$12,000 in federal loans.

Many undergraduate students must apply for private loans, which have a greater interest rate, and often require cosigners. Parents are commonly the cosigners to private loans, but parents prefer the loans be on the student’s account, so that the debt is not shared, according to Valenzuela.

Stef Gray, 23, a recent college graduate on the East Coast, began a petition against private loan distributor, Sally Mae, after being required to pay a $300 fee for needing to delay her payments because she was unemployed, a process called forbearance. On top of that, she pays a 9.75 percent interest rate because she did not have someone to cosign her loan.

“As an unemployed person desperately looking for work, I need every extra dollar I have to pay for rent, electricity and groceries,” Gray said on her petition website. “But Sallie Mae is preying on people like me and cashing in on the fact that we need more time to find work before we can repay our student loans.”

Gray said that none of the fees went to paying her loan down and her debt continues to grow by approximately $1,200.

Students and staff at DePaul are looking for answers to the situation, but students argue that they need the loans to earn a higher degree to get them the job that they will need to pay off their loans.

“I assume that I will deal with them for the next 20-30 years. However, I think it’s worth it because I had no other options,” said Kelson Fagan, a graduate student at DePaul. “I moved to a new city for school, had no job and even now I can only work part time so I can focus on school.”

DePaul University offers some guidance to students who are completing their degrees and nearing the repayment stage of their loans.

“Every time a student completes their degree, we send out information on exit counseling,” said Karen LeVeque, director of Financial and Student Services at DePaul.

LeVeque urges students to look at DePaul’s Financial Fitness Program, a free service to students that provides money management workshops, one-on-one financial counseling and online resources for making financial choices after college.

On a national scale, President Obama proposed a $10 billion increase in campus-based funds that are aimed to support more financial aid for students. He is also proposing greater aid to colleges that can keep tuition down.

Article Sources: Student loans go on long after graduation

CLINTON — More Iowa residents are buying new cars, a sign that the economy is getting better. In 2011, Iowans registered 118,653 new vehicles, up 14 percent from 2010, marking the best year since 2007, according to the Iowa Automobile Dealers Association. “Those tough days of hard‐to‐get car loans and a limited supply of new vehicles seem to be behind us,” Bruce Anderson, president of IADA, said. “The advances in automobile technology, including fuel efficiency and passenger safety are astounding, and Iowans are taking advantage of these great new features by purchasing new cars.” Registrations in 2011 boasted double‐digit gains for both cars and trucks, bringing the numbers back to pre‐recession levels, despite what many thought would be a challenging year for auto sales, according to IADA. This, plus an aging fleet, bodes well for the industry — and the economy —in 2012. Clinton County has seen an increase in new car sales as well. In 2011, there were 520 new cars sold along with 910 new trucks compared with 500 cars and 885 trucks in 2010. The total new cars sold in 2011 were 1,430 up from 1,385 in 2010. However, the new car sales in Clinton County in 2011 did not come close to the 1,623 new car sales in 2007. New car sales in Clinton County were higher in 2008 with 1,734 new car sales. Clinton dealership McEleney Chevrolet Buick GMC Toyota has also seen a strong increase in sales, according to owner John McEleney. He said there has been a significant increase in sales of the General Motors vehicles over 2011 and it has continued into 2012. General Motors sales were up 15 percent in 2011 from sales in 2010. McEleney says most of the increase occurred during the last six months of 2011, in which there was an increase in sales each month. In January, the sales have been 10 percent ahead of January 2011. The company is expecting to see another increase of 15 percent in 2012 from 2011 sales. Toyota sales at McEleneys did not have such a significant increase, due to manufacturing issues related to natural disasters. This caused the dealership to not be able to have their usual stock of Toyota cars during part of 2011. The dealership has returned to normal in their stock of Toyota cars and expects to see an increase in sales in 2012 as well, according to McEleney. McEleney says the increase in new car sales is a result of people delaying purchases and keeping their vehicles longer. “People are getting back in the market,” McEleney said. “The average age of a car now is 11 years. People have held onto their cars longer and now with interest rates extremely low, they are finding that it’s a great time to buy a car.”

Article Sources: New car sales rise in state, county » Local News » The Clinton Herald, Clinton, Iowa

This is a continuation of our previous report, Line Between Megachurch and Eddie Long’s Estate is Blurry, Part 1, we revealed alleged report regarding Bishop Eddie Long’s empire.   Channel 2 in Atlanta also shared how his ministry refuses to reveal annual audits of New Birth Missionary Baptist Church’s financial records, which could also reveal how much money has been spent for Bishop Eddie Long’s lavish lifestyle.    His financial records may be known to the public, when and if he and First Lady Vanessa Long get a divorce.Now, we pray for Bishop Eddie Long, but if he has not been doing right in his ministry, we must reveal the truth, because God is against those whom preach His Word for fame and fortune.   Here is our updated video from WSBTV in Atlanta.Watch VideoSource and photo courtesy: wsbtv.comSource: MSNBC

Article Sources: Watch Video: Line Between Megachurch and Eddie Long’s Estate is Blurry, Part 2 ~ Sanctified Church Revolution

The Joint Budget Committee today referred to a subcommittee an amendment to the state Department of Education’s budget that would increase from two years to five the time the department can maintain control over a fiscally distressed school districts taken over by the state.

The panel referred Senate Bill 52 to its Special Language Subcommittee after some lawmakers expressed concern the proposal would weaken local control.

“This gives me pause,” said Sen. Linda Chesterfield, D-Little Rock, noting that the proposal would give the Education Department too much authority.

“I think we should be very thoughtful about the precedent we’re about to set,” added Sen. Joyce Elliott, D-Little Rock.

The subcommittee is scheduled to meet Wednesday.

Last month, state Education Commissioner Tom Kimbrell told the Legislative Joint Auditing Committee the state needs more time to correct the financial problems of a school district over which it takes control.Kimbrell’s comments came as the committee was reviewing an audit of the Helena-West Helena School District, which for the second time since 2005 is under state control because of fiscal distress.

Lawmakers reject funds for lignite studyThe Joint Budget Committee today rejected a lawmaker’s request to use $2.5 million from the state’s surplus to fund a study on the feasibility of using lignite from South Arkansas to make liquefied petroleum.

Rep. Garry Smith, D-Camden, said the study could be used to entice companies to Arkansas to mine the lignite, a low-grade coal.

“What this amounts to is a feasibility (study) to reveal how well this mineral, lignite, will actually convert to liquid crude oil,” he said, adding the study also would allow property owners to know how much lignite they have under their land.

“Other states are doing coal-to-lignite technology and we can attract more companies to come into Arkansas if we venture into this statement of economic development,” Smith said.

Rep. Buddy Lovell, D-Marked Tree, questioned using tax dollars to entice lignite prospects.

“The Legislature didn’t have to spend tax dollars to get the Fayetteville Shale started,” Lovell said.

Richard Weiss, director of the Arkansas Department of Finance and Administration, said the governor opposed the idea.

Senate OKs two supplemental funding billsThe state Senate today approved two bills to supplement state agency funding for the current fiscal year.

The Forestry Commission supplement would boost agency funding through June 30 and pay back federal grant funds the agency improperly borrowed for ongoing expenses.

The bills go to the House.

Panel endorses $125,000 settlement in choking caseThe Claims Subcommittee of the Joint Budget Committee today accepted a $125,000 negotiated settlement between the state and the family of a 25-year-old mentally retarded man who died in 2010 after choking on a sandwich at the Booneville Human Development Center.

The Arkansas Claims Commission approved the settlement last week.Michael Fornell died in May 2010 after choking on a sandwich he had found in the kitchen of the human development center.

Fornell had a documented history of choking on food and a doctor had ordered that his feed be chopped into small pieces that he always be supervised.

The employee who had been responsible for keeping track of Fornell’s whereabouts was later fired.

Former legislator rememberedThe House speaker paid tribute today to a former state legislator who died Monday.

“Our former colleague here in the House of Representatives, Myra Jones, passed away yesterday,” Rep. Robert S. Moore Jr., D-Arkansas City, told House members. “Myra was a founding member of the legislative Women’s Caucus. She graciously hosted the Women’s Caucus in her home in the past and was preparing to do that again. Those of us who knew her will certainly miss her.”

Jones was elected to the House in 1984 and served there for 14 years.

Before serving in the Legislature, Jones was the first woman elected to a full term on the Little Rock Board of Directors. She died at the age of 75.

A memorial services is set for Thursday at 3 p.m. at Christ Episcopal Church in Little Rock.

Article Sources: Capitol briefs: Budget panel refers school takeover to subcommittee 

Finance Minister Pravin Gordhan has proposed personal income tax relief of R9.5 billion for 2012/13, as well as a number of other tax proposals.

Tabling his budget in the National Assembly on Wednesday, Gordhan said that as from March 1, a tax credit for contributions to medical schemes would be introduced at a rate of R230 a month for the first two beneficiaries and R154 each for additional beneficiaries.

Taxpayers 65 years and older and people with disabilities would be included in the second phase of this reform, which would be implemented in 2014.

“These reforms will significantly improve the fairness of the personal income tax system,” he said.

Reform of the tax treatment of contributions to retirement funds was also envisaged, to take effect in 2014.

To encourage voluntary savings, consideration was being given to introducing tax-exempt short- and medium-term savings products.

“The proposal is that individuals should be permitted to save up to R30,000 a year, with a lifetime limit of R500,000, in registered savings or investment products that would be free of tax on interest, dividends, or capital gains.”

The current tax-free interest income thresholds would be reviewed and possibly phased out as part of this reform.

Gordhan said the secondary tax on companies would be terminated on March 31, and a withholding tax on dividends implemented on April 1.

This would align South Africa’s tax treatment of dividends with that in most other countries. Pension funds would benefit from this transition as they would receive tax-free dividends.

The dividend tax would be introduced at 15 percent.

On capital gains tax (CGT), he said that to reduce the scope for tax arbitrage and broaden the tax base further, the CGT inclusion rate for individuals and special trusts would be increased, with effect from March 1, from 25 percent to 33.3 percent; and for companies and other trusts, from 50 percent to 66.6 percent.

To mitigate the impact on middle-income earners, the various exclusion thresholds were increased.

The tax-free threshold for small businesses was increased to R63,556; the 10 percent rate reduced to seven percent; and, the threshold up to which this rate applied increased to R350,000.

For taxable income above R350,000, the normal 28 percent corporate rate applied.

With effect from next month, qualifying micro-businesses (within the R1 million turnover limit) would be able to pay turnover tax, VAT and employees’ tax twice a year.

This meant the number of returns and payments a year would be reduced from about 18 to just two.

Measures to improve the corporate tax environment included further steps to limit excessive debt financing; phased-in amendments to the mark-to-market taxation of foreign currency and other financial instruments; and, alignment of the governance and tax treatment of property loan stock entities with the present treatment of regulated property unit trusts.

Tax relief was also proposed for housing developers and employers who provided housing below R300,000 a unit, he said.

The levy on electricity generated from non-renewable sources would increase by one cent per kWh from July 1, and would replace the current funding mechanism for energy efficiency initiatives such as the solar water geyser programme.

The general fuel levy on petrol and diesel would be increased by 20 cents with effect from April 4, and the Road Accident Fund levy would increase by eight cents, to 88 cents a litre.

With effect from October this year, an ad valorem excise duty at a rate of seven percent would apply to small aeroplanes and helicopters with a mass below 5000kg.

A duty of 10 percent would apply to motorboats and sailboats longer than 10 metres. – Sapa

Article Sources: Gordhan proposes R9.5bn income tax relief

Eventually you will always be in the market for a new car. The absolute best method to ensure car financing is actually to save the money before you can spend for the car. However, few folks have adequate cash on side to find the money for the downright obtain of any car, particularly when the car is a lot required. This is the reason you may need to know that additional guaranteed car finance option is obtainable to you.

While you analysis the type of car you wish you get, a person may consider getting an elderly car, made by a trusted company who has developed car right after car that stays dependable since the years complete. Elderly cars can be obtained for less money, that enables a person to save or perhaps finance significantly less. While you are looking into the car you plan to buy, anyone would always be wise to study how we plan to pay for the idea.

The credit score will often be an element in your economic possibilities. Find out of the credit credit score before you decide to endeavor to finance the purchase of a car. Should your credit rating is considered excellent (at least 680 or maybe more), and you’ve got evidence of a regular cash flow, most finance companies will be happy to ensure car financing along. A decrease credit rating may not really affect what you can do to protected a car loan, your charges are not most likely to end up being just like you would like.

In case, even so, your credit report can be below ideal, (about 619 or even lower) you can still find approaches to promise car financing. For illustration, a college student with low revenue, or someone who has not too long ago announced bankruptcy can still be eligible for an vehicle loan. That they will require a co-signer on the new car loan. The co-signer tends to make the loan customer much less of a threat, simply because the co-signer will need to pay for the car should the new proprietor be unable to pay out.

One other way an individual can find guaranteed car finance is actually to obtain the car by means of a loan company that is certainly willing to work with individuals that have low credit results. In certain instances, a person may find a car dealership that fits your needs.

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Article Sources: Locating Guaranteed Car Finance In Modern day Economic system

International Finance Corporation (IFC) is looking to invest up to $5 million in the housing finance unit of Jaipur-based AU Financiers (India) Pvt Ltd. The World Bank arm is looking to invest between $4 million and $5 million in Au Housing Finance Pvt Ltd, which will be a public-private partnership (PPP), with National Housing Bank (NHB) and the Rajasthan government also being investors. A leading housing finance company is also expected to invest in the venture.

AU Financiers, a privately held non-banking finance company (NBFC), is closing a $50 million round from private equity major Warburg Pincus. IFC, too, has invested in AU Financiers, which counts Motilal Oswal’s private equity fund as it first institutional investor. IFC has also backed Aadhar Housing, a unit of Dewan Housing Finance Corporation Ltd that focuses on low-cost housing finance.

Au Housing Finance may require $27 million or Rs 135 crore in equity funding for the first 12-24 months of its operations.

Initially, the firm is likely to focus on unserved and under-served markets, mostly in Rajasthan and other states where AU operates. Au Housing Finance will use AU Financiers’ distribution network of 70 branches, 70 per cent of which are located in rural and semi-urban areas of Rajasthan.

Promoted by first-generation entrepreneur Sanjay Agarwal, AU Financiers is primarily involved in commercial vehicles loans, loans against property and SME loans. It had $395 million of assets under management as of September 2011. Currently, AU Financiers mainly operates in Rajasthan and is expanding into other states like Maharashtra, Gujarat, Punjab, Goa and Madhya Pradesh.

For FY11, revenues and profit after tax (PAT) of AU Financiers jumped over three times to Rs 159 crore and Rs 42 crore, respectively. During Q1 FY12, the company reported PAT of Rs 7 crore on a total income of Rs 49 crore as compared to PAT of Rs 3 crore on total income of Rs 19 crore in Q1 FY11, according to report by credit rating agency Care.

AU Financiers raised Rs 55 crore in equity funding from IFC and Motilal Oswal’s India Business Excellence Fund (IBEF) in 2010. It had also raised Rs 20 crore from Motilal Oswal in 2008.

Article Sources: IFC May Invest $5M In Au Housing Finance

PARK RIDGE, N.J., Jan. 31, 2012 /PRNewswire via COMTEX/ –On January 10, 2012, Hertz Global Holdings, Inc. /quotes/zigman/439823/quotes/nls/htz HTZ -1.81% participated in the Deutsche Bank Global Auto Industry Conference, and presented a web cast overview of the business and investment considerations. The Company also provided certain 2012 revenue assumptions at the conference, which included 9% to 10% worldwide revenue growth for its equipment rental business. Today, it clarified that the 9-10% growth will be driven by an estimated 14% increase in its U.S. operations. Additionally, on January 17, 2012, the Company announced the acquisition of Cinelease, the U.S. market leader in lighting and grip rentals for television production. At that time, Hertz estimated the acquisition would add an incremental 3% to global equipment rental revenue this year, which equates to at least 17% U.S. growth.

The Company intends to provide 2012 full year guidance in late February, during its fourth quarter and year-end earnings conference call.

The Company is issuing this clarification on a one-time basis only and undertakes no duty to update or revise any forward-looking assumptions for its equipment rental business.

Hertz is the world’s largest general use car rental brand, operating from approximately 8,500 locations in approximately 150 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 94 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, Sirius XM Satellite Radio, and unique cars and SUVs offered through the Company’s Adrenaline, and Green Traveler Collections, set Hertz apart from the competition. In 2008, the Company entered the global car sharing market and now operates in Berlin, London, Madrid, Miami Beach, New York City and Paris. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, offering a diverse line of equipment, including tools and supplies, as well as new and used equipment for sale, to customers ranging from major industrial companies to local contractors and consumers from approximately 320 branches in the United States, Canada, China, France, Spain, Italy and Saudi Arabia, as well as through its international licensees. Hertz also owns Donlen Corporation, based in Northbrook, Illinois, which is a leader in fleet leasing and management services.

CAUTIONARY NOTE CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release and in related comments by our management include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Examples of forward-looking statements include information concerning the Company’s outlook, anticipated revenues and results of operations, as well as any other statement that does not directly relate to any historical or current fact. These forward-looking statements often include words such as “believe,” “expect,” “project,” “anticipate,” “intend,” “plan,” “estimate,” “seek,” “will,” “may,” “would,” “should,” “could,” “forecasts” or similar expressions. These statements are based on certain assumptions that the Company has made in light of its experience in the industry as well as its perceptions of historical trends, current conditions, expected future developments and other factors that the Company believes are appropriate in these circumstances. We believe these judgments are reasonable, but you should understand that these statements are not guarantees of performance or results, and our actual results could differ materially from those expressed in the forward-looking statements due to a variety of important factors, both positive and negative.

Among other items, such factors could include: significant changes in the competitive environment, including as a result of industry consolidation, and the effect of competition in our markets, including on our pricing policies or use of incentives; occurrences that disrupt rental activity during our peak periods; our ability to achieve cost savings and efficiencies and realize opportunities to increase productivity and profitability; our ability to accurately estimate future levels of rental activity and adjust the size of our fleet accordingly; our ability to maintain sufficient liquidity and the availability to us of additional or continued sources of financing for our revenue earning equipment and to refinance our existing indebtedness; a major disruption in our communication or centralized information networks; financial instability of the manufacturers of our equipment; our ability to maintain profitability during adverse economic cycles and unfavorable external events (including war, terrorist acts, natural disasters and epidemic disease); shortages of fuel and increases or volatility in fuel costs; our ability to successfully integrate acquisitions and complete dispositions; our ability to maintain favorable brand recognition; costs and risks associated with litigation; risks related to our indebtedness, including our substantial amount of debt and our ability to incur substantially more debt and increases in interest rates or in our borrowing margins; our ability to meet the financial and other covenants contained in our senior credit facilities, our outstanding unsecured senior notes and certain asset-backed and asset-based funding arrangements; changes in accounting principles, or their application or interpretation, and our ability to make accurate estimates and the assumptions underlying the estimates, which could have an effect on earnings; changes in the existing, or the adoption of new laws, regulations, policies or other activities of governments, agencies and similar organizations where such actions may affect our operations, the cost thereof or applicable tax rates; changes to our senior management team; the effect of tangible and intangible asset impairment charges; the impact of our derivative instruments, which can be affected by fluctuations in interest rates and commodity prices; and our exposure to fluctuations in foreign exchange rates. Additional information concerning these and other factors can be found in our filings with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

The Company therefore cautions you against relying on these forward-looking statements. All forward-looking statements attributable to the Company or persons acting on the Company’s behalf are expressly qualified in their entirety by the foregoing cautionary statements. All such statements speak only as of the date made, and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Hertz Corporation

Copyright (C) 2012 PR Newswire. All rights reserved

Article Sources: Hertz Clarifies 2012 Projected Revenue for Its Equipment Rental Business Unit

The home loan refinance boondoggle

The latest method to buy votes just hit the airwaves. I’m talking about $25 billion being taken from the tax payers to give to the 49 percent who don’t pay income taxes.

Mr. Obama was the teacher who taught his radical group, you know who I’m talking about here, from Chicago how to force, through sit ins and marching around their front doors, banks to give loans to people who could not afford them.

The people who took the loans out knew that they could not afford them over the long haul but they also knew that with the liberals in Washington, D.C., there would also be a bail out coming along for them.

I would be willing to make a bet that there will be another bailout for another group in the very near future. God, I’m sorry, it is already in the works. They are working at continuing to take 4 percent out of the money that is supposed to go in the Social Security Trust Fund. We already know that there will be other little pork packages in there for other things. The Senate after all belongs to the Democrats so they will be putting their little extras for their base.

This same base will be singing a different tune when 2014 rolls around. That’s when an expected 1 percent fee for the government will go forward. This is a fee on every transaction that you do at your bank.

You cash your paycheck, they will take 1 percent. You use your debit card in a store or at an ATM, they will take 1 percent. Seniors on Social Security can expect a letter that will inform you that you have to give them a bank number so they can auto deposit your check. Oh, guess what, they are going to take 1 percent of that check. The same will apply to military retirement checks. Anybody that gets a check auto deposited will feel this.

Isn’t this administration doing great things for you? Wait until 2014 when the Obamacare boondoggle goes to work. One of the little things in there I’m told is an automatic removal of funds from your bank to pay your fine if you don’t buy insurance.

You think the prices are going to go down? Think about this before you start to yell, “Yah!” The insurance companies will have a captive group to take money from.

You “have to buy insurance” even if you don’t want to. I think that if I was running a business and you had to buy from me because the law said so, I would be hiking my price as much as I could get away with.

Does the auto insurance industry ring a little bell, or the home insurance industry, and also the Medicare supplement insurance companies? What kind of deals are you getting from them?

There are some real foolish people in this country. Most of them belong to the liberal Democratic base. I can’t wait to hear the screaming.

Policy might do more harm than good

I am writing in regards to the article titled “Advocate sees red flags” written in November 2011.

The thought of adding a new teen dating violence prevention policy to the school system has me concerned.

More victims will fail to report abuse if they feel like everyone is going to judge them. It is hard enough for them to stand up for themselves now and go forth in contacting the Dawn Center.

I agree with Michelle Rio when she states that “they should keep victims information private.” I think Michelle is completely right for bringing this new policy problem to everyone’s attention.

I believe that once the victim gets in contact with the Dawn Center then they will be able to keep the victim safe from that point on with all of their resources and training available.

Therefore, I am just writing this letter to state that I do not agree with this new policy as it will decrease the numbers of teens reporting violence.

Big oil regulations needed

The recent columns about how the new pipeline will mean lower gas prices made the hair on my neck stand up.

Where have we heard that before? How about if you let us drill in Alaska or drilling in the gulf will bring the prices down and lessen our imports.

Well were still waiting and gas is $3.50 a gallon and on the rise. All the conservation we Americans have bought into, like the 40 mpg shoe boxes we drive, electric cars and trucks, driving less and what do the oil companies do to thank us? They take all that saved oil and sell it out of the country adding billions to there bottom line and keeping are prices at record levels.

I’m tired of scraping together gas money to drive my car so big oil can make record profits. If there ever was an industry that needed strict guidelines and regulation this is the prime candidate. We as a country should be rewarded for our conservation and sacrifice not exploited and lied to. Take care of the people who trusted you to live up to your promises.

Some things never change

Have you ever doubted your beliefs? How about second guessing your decisions or political opinions?

If you’re as old as I am, I guess you could say that you’re from the old America and not the new and improved.

As hard as it would be for my kids and grand kids to believe there was a time when I was a rebellious teen. Once while I was in the Army one of my sergeants said that I was the only person he ever knew who could be walking past a demonstration and end up on the platform. Yes, that was me.

I think back then, a good majority of teenagers were the same. Enough so that they could probably relate to a line Marlon Brando spoke in the movie, “Rebel without a Cause.” Someone asked him what he was rebelling against, and he said, “What do ya got.”

We all swore that we’d never grow up to be like the two prison guards we thought our parents were. We rebelled at every turn. We even thought rebellious thoughts. Thoughts our parents never knew. Thoughts that reassured us of our dedication to the cause. And if nothing else, made us feel good about ourselves. 

Then, a funny thing happened and for the day or two it took us to get over it, maybe not so funny. One morning each of us climbed out of bed and in utter terror found that we’d joined the society we’d been so strongly rebelling against.

Then to make life a bit more realistic, even discouraging, we’d look in the bathroom mirror each morning and little by little we began to see how much we were beginning to resemble our mom or dad. How did it happen, what happened?

We were the 60s generation! We were young and we were strong, and we were moving on. We were going to change the world. But I guess as hard as we tried the world and the time that rules us all did to us, what it has done to each and every generation.

So here we are men and women in our golden years worn by time, and the trials and tribulations that life heaps upon all of us.

The same trials and tribulations that today’s young rebels are going to have to face. Then one day, they too will look in that bathroom mirror and on that day as hard as they try to rebel against it they too will join the same society all of us rebelled against. 

It won’t be an easy road. It never has been. But I do wish them luck.

Article Sources: Letters to the editor, Feb. 15

Sometimes the easiest thing to do is research online while sitting in the comfort of your own home. Thanks to the internet, this can easily be done. Sure, you could go to your bank, but sometimes it is easier to find a bunch of quotes online. If you still aren’t satisfied, then go check out your bank.

If you are interested in getting your auto loan refinanced keep reading because by the end of this article you will better understand how to do so. First, let’s do an overview of the potential benefits you may expect to receive as part of your new refinance. There is the potential to save a lot each month by lowering your monthly payments, if you can secure a lower interest rate. There is the potential of getting your loan cut down to a shorter amount of time, if you would prefer.

Purchasing a car is a very important decision. In fact, it is one of the biggest decisions anyone can make in his life. If you are thinking of buying a car, then you also have to look into refinancing auto loans, just as you have to be very wary on how to refinance bad credit auto loans, just in case you find yourself in that situation.

When selecting to refinance an auto loan, car buyers essentially choose a new auto loan to replace the old. The new loan typically has better rates and terms. Many lenders offer auto loan refinancing. Furthermore, creating a new auto loan is a quick process. On average, auto loan refinancing is completed within two days. Thus, it may be possible to pay a lower monthly payment by your next due date.

If the factors that required you to seek out a bad credit car loan have “faded away” then your credit may currently be improved. For example, if you had collections marks on your credit that have faded away after 7 years, such actions will no longer have a bearing on your current credit rating. Similarly, if you previously had high balances on your credit cards and those balances are no longer there.

The majority of people refinance an auto loan to acquire a lower interest rate or shorten the length of a loan. However, if you have bad credit, getting a low rate auto refinance may be challenging. For the most part, lenders only offer prime rates to prime applicants. In other words, if your credit rating is good, the likelihood of getting a good refi loan is high.

Car loans for people with bad credit score are mainly given as two options i.e. secured and unsecured. Under a secured loan, the car or any other collateral needs to be pledged as security with the lender. Secured loans often carry a lower rate of interest and are also easily approved due to the collateral being placed. Unsecured loans for cars generally have a higher rate of interest as there is no collateral and hence the risk to the lender is more.

You can get your car financed through the dealership where you purchase it, but most auto dealers will charge you exorbitant rates and will treat you like beggars too! Banks and credit unions will also probably not be willing to lend you money because of your low credit rating.

Usually people with a bad credit record find it difficult to get an auto loan. Most loan providers are reluctant to release a huge amount to people with poor credit rating. In addition, automobile loans for applicants with bad credit will have much higher interest rates compared to normal auto loan interest rates. This is due to the risk of repayment by people with bad credit is much higher.

It is by researching and comparing different auto loans lenders that you will get the best alternatives available, by using internet this can be done in no time, plus you have the option to check if you are dealing with a direct bad credit auto loan lender, by going direct you save money because you are not paying commissions and generally direct car loan lenders offer lower interest rates than non-direct sub prime lenders.

With the above said details and before going to fill up the application, there are a couple of things to be aware of. Bad credit auto loans are normally given as short term loans which means you will have to shell out extra money in paying the monthly payments promptly. The usual period of the loan is 5 years which is a great time to repay the loan.

Read About finance guide and also read about online cash advances and get a personal loan

Tagged with: AUTO • credit • LOAN • Refinance

Filed under: Car Refinance Bad Credit

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Article Sources: Bad Credit Auto Loan Refinance