Student Loan Defaulted

By Justin Hutto

A defaulted student loan will put you in a complicated situation. You will likely have to repay the loan and your credit will be ruined.

When your student loan goes into default, your account is turned over to collection agencies and various collection procedures begin. In addition, the government can garnish your social security benefits, your wages, and more.

These debts can be collected upon for life! However you can only have a negative mark on your credit report for a maximum of seven years. This is according to a law that Congress created called the Fair Credit Reporting Act.

If you have a defaulted student loan on your report, more often than not you will be turned away for a new line of credit. You are likely to have to pay interest rates of roughly 25% and place large down payments just to be approved.

There is a possibility that this mark can be removed from your report and a chance that you may be able to remove the debt entirely. To do this, you should dispute the collection marks on your report.

A dispute letter to each bureau containing an explanation as to why the mark is not accurate should be sent. For instance, the mark has been reported for seven years already, account is paid in full, not my account, and the like.

This is the most difficult item on a credit report to negotiate. As a benefit to you, we suggest that you hire a credit repair service to dispute it on your behalf. This will give you a licensed attorney fighting for you which will be knowledgeable of the new laws constantly passed by congress to help protect consumers.

We feel hiring an expert is worth the money since your credit score impacts every aspect of your life. This is a good idea since, compared to the high cost of a low credit score, hiring an expert can be done at very reasonable rates.

Understand that government loans, such as a Stafford loan or the Perkins loan, will be much harder to eliminate from your report. A private loan, such as Sallie Mae, will be easier to remove than a federal loan, but still difficult.

When the bureaus receive your dispute letter they will contact the creator of the negative mark and ask them to verify the debt. They will verify that the account is yours, the dates are correct, and the balance of the account.

Due to the Fair Credit Reporting Act stating that any unverifiable mark on your credit report must be removed, the negative mark must be removed from your credit report if the account can not be verified.

It is estimated that 1 in every 4 people have an error on the report that is costing them money in higher interest rates. The bureaus and lenders make errors all the time, but your credit is the one that will suffer. If this mark is in error, be sure to send any documentation that you have with your dispute letter to prove it is in error.

In sum we suggest you dispute this mark with the credit bureaus. Defaulted student loans are removed every day from credit reports and if you have it, it does not mean you will have a low credit score for the rest of your life.

About the Author:

For a free credit consultation call 1-866-246-7311. Additionally visit us for more about Student Loan Default or to learn how to remove a mark from NCO Financial a popular collection agency.

5 Sure Fire Ways To Repair Your Credit Score

By Bart Icles

One of the major factors that makes up your credit score is your debt to credit ratio. It actually makes up about 30% of your score. You can easily calculate that ratio by yourself by taking your existing credit card balances and divide it by the total amount of credit that is available to you. Even though this is a very simple calculation, it does provide valuable information as to how easy it is to manipulate your credit score.

So, what if you have a low credit score and want to improve it? You can take advantage of any of the following strategies to push your debt to credit ratio to a more favorable position. There is no magic ratio that you are trying to stay under, but it has been said that under 45% is the safest.

1- The first thing you can do to increase your credit score and lower your debt to credit ratio is to increase your credit limits. The more credit you have available the lower your ratio will be. You should get in the practice of calling all the lenders with whom you have made on time payments for the last 6 months and ask for a credit limit increase. Do this every six months!

2- Take time to review your credit report and reactivate all old accounts. Did you know that most lenders will deactivate your credit card if it is not used for 3-6 months? Inactive card limits are not counted towards your debt to credit ratio. You need to make sure to use every one of your cards to make small purchases over 3-6 months to keep the card active and counting toward your ratio.

3- You can raise your available credit by applying for a new credit card (if you can stay in control of your spending). By adding another card, you are adding available credit without adding to your credit balance. The more credit you are issued and have available, the better your debt to credit ratio will be.

4- Have you ever heard of an authorized user? Most of us havent. Sometimes, due to our lack of credit history, it is hard to build a large available credit limit. If you ask a friend or family member, who has excellent credit and a long credit history to add you to their account, you will immediately receive the benefit of their history and credit limit without the responsibility of making payments.

5- The last and probably the hardest for most individuals is to pay down your balances. As I said above, you should try to get your debt to credit ratio below 45% for the maximum benefit to your credit score.

About the Author:

Bart Icles helps people by giving them credit repair tips scores. He strives on a regular basis to assist clients with strategies and tactics to improve their credit scores and help them have a greater peace of mind. Visit CreditScoresRevealed.com for more information about our credit repair guide.

Tips on Sending Money to the Dominican Republic

By Chloe Banks

There are many different ways to send money to the Dominican Republic. The amount of time it takes, along with cost and level of security vary for each service.

In case of an emergency you may need to know how to send money as quickly as possible. It is important to know your options when sending money to the Dominican Republic. The most pressing thing to remember is don't panic. Prepare now to have everything in place to initiate a transfer when necessary.

In instances like this it may be easiest to send money using an online service such as ATM Cash, which allows you to send money 24/7 from your computer.

Another way to insure that the recipient in the Dominican Republic will have access to money quickly is to make sure that they have an ATM or debit card in their possession. If the recipient is a member of your family or someone trustworthy, it may be useful for them to have a bank card linked to your savings or checking account.

As long as your are comfortable with the cardholder having access to your account at all times, they could have a card and PIN number so that they could have access to cash through an ATM machine. For situations where you do not want the recipient to have unlimited access to the money, a pre-paid debit card is another way to go. It works just like an ATM card except that it is loaded with a specific amount of money.

The cardholder will have no access to funds until you have refilled the pre-paid debit card. At this time you could notify the recipient via phone that money has been added to the card.

Opening an account with a bank that has branches in both the Dominican Republic and the U.S. will also help facilitate easier transfers.

The above steps are some ways that will help ensure that money arrives quickly when you need it.

About the Author:

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Inexpensive Dental Insurance for Families

By Jim Gatton

Dental insurance in the U.S. is designed to help with costs related to your good dental care. Remember that dental insurance is not designed to pay 100% of your dental health expenses. It most certainly does make taking care of your dental health more affordable.

Dental Insurance Plan Quotes If you are looking for a flexible dental plan that is tailored to your specific needs, you have to go to the right website. Some dental plans are dairy rigid and back you can only use a participating provider while indemnity plans provide much greater flexibility.

Dental Insurance Plan Choices: Indemnity Plan: An indemnity dental insurance plan allows you to select your own dentist. As long as that dentist has a license in the state in which he or she is practicing your indemnity policy will consider any work that that dentist does to be valid dental work.

It is very important for you to remember that the various dental plans will have greatly different amounts of reimbursement limits for a wide variety of procedures. There is also typically a maximum amount that the insurance company is willing to reimburse you either for the calendar year or for the lifetime of the policy.

Most of us looking for dental insurance are hoping to find one that provides free checkups, cleanings, x-rays, and sometimes even more. Those benefits are not likely to be found in any individual dental insurance plan. You are more likely to find these items covered in a discount fee for service program.

Your best opportunity for obtaining comprehensive dental insurance is to be part of an employer group. Many more insurance companies provide many more types of insurance policies two groups than they do individuals. This is purely and economic decision by the insurance company. They hesitate to sell insurance policies directly to consumers because any consumer as an individual would not purchase a policy unless he or she fully intends to utilize its benefits.

The vast majority of discount dental plans and indemnity policies are broad enough that the usually cover some kind of routine treatment including dental checks and preventive dentistry. While in general this is true if these types of coverage are important then do verify that they are available before you purchase the policy.

Dental insurance will usually cover your visits to the dentist and help to pay for any dental care you receive. The important thing, once again, is to remember that insurance is seldom these nine to pay 100% of your expenses. Most insurance is designed simply to lessen the burden on you financially.

About the Author:

The writer of this article has been in the dental industry for 20 years. Review individual dental insurance polcies from California to Florida. Jim's expertise includes explaining the difference in policies. Visit now and receive some shocking information on dental insurance policies.

Taking Out Guaranteed High Risk Personal Loans

By Trinity Manning

People that have really bad credit often believe that they arent going to be able to borrow extra money. When their car breaks down, or when their kids get sick, panic sets in. They dont believe that they have any options.

If you had great credit, you would definitely have plenty of options. Even though your credit may be poor, there are still plenty of ways that you can borrow money.

A loan type that is available to almost everything is often referred to as the guaranteed high risk personal loan, otherwise known as the payday loan. Payday loans are available to almost anyone, regardless of their credit history. In fact, credit history isn't part of the approval process for this type of loan.

These loans are also sometimes referred to as cash advance loans. Usually you can take out an amount up to what you normally get paid. The lender will often want to know exactly how much you make so that he can lessen his risk somewhat.

Loans of this type are very high risk for the lender. They are often lending to people that struggle to pay their bills and for this reason, the interest rates on these loans is quite high. You can expect to pay up to 15% of the loan amount, and you will usually have to pay the loan back quickly.

Before you sign on the dotted line, make sure to calculate how much you can reasonable pay back before the loan is due. Failure to pay back these loans on time will result in extreme fees and that can put you in a very bad position.

The bottom line with high risk personal loans is to borrow small and pay back quickly. Then save some money so you dont make this kind of borrowing a habit.

About the Author:

Trinity helps people to learn about loans, how to find guaranteed high risk personal loans, and about no credit check personal loans.

Learning How to Use a Civil Service Retirement Calculator

By William Blake

When retiring from the civil service there is a system for figuring what your retirement benefits will be. The Civil Service Retirement System can be complicated to understand. There is a program available that allows you to plug in your personal information, such as total number of years service and your pay rank and it will calculate what you can expect in retirement benefits.

Just as with any retirement calculator, the civil service retirement calculator can not determine precisely what you annuity payments will be. But it can give you a close estimate on what you can expect and can give you information on survivor benefits and annuity with survivor benefits that may apply in your case.

How Civil Service Retirement is Calculated

There is a method of determining retirement benefits for those in civil service. The government has a formula that they follow called the CSRS. The formula is complex and not very easy to follow. A civil service retirement calculator can be a big help. This calculator simplifies the figures and gives a very close estimate of what retirement benefits will be. The calculator even takes into consideration any unused leave you may have and adds that to your years served. The calculations are based on a work year of 261 days not on the standard calendar year.

If you are married your spouse has benefits under the Civil Service Retirement System as well. These survivor benefits are just over half of the annuity payments received by the retiree. This program is designed to care well for the spouse of those in Civil Service. The goal is to offer the best survivor benefits possible to the spouses.

The figures in the civil service retirement calculator are based on the average of the highest earnings over 3 years - normally your last three years of employment. Your highest 3 rates of pay are totaled together and averaged out for a basis of your retirement calculations in the civil service retirement calculator.

The most important information you need to have for proper civil service retirement calculator results is your expected age of retirement, your high-3 salary, your unused sick days and years of service. As long as you have these four details, then your calculations will be perfect. When you finally have these four items, you can go to an online calculator and input the information and you will be given a calculation immediately.

Civil Service employees are urged to look to age 60 as their year for retirement. If you are nearing that age start looking into what your retirement will be. The government has provided a calculator online so that you can easily plug in your information and see where you stand.

About the Author:

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What Are Prepaid Credit Cards?

By Steven J. Talrechi

Credit can be a touchy subject for many individuals. Often it can be quite difficult to be approved for a traditional credit card. Perhaps you have had a poor credit history in the past, or perhaps your problem is that you just haven't had any credit history yet. Whatever your circumstances are it can feel downright degrading to get rejected for a credit card. However, there is a way that you can start building your credit rating and give you the flexibility that a credit card affords you, and that is by getting yourself a prepaid credit card.

So, what exactly is a prepaid credit card? Well, it's basically an account that can be reloaded that is accepted any place that you might use a traditional credit card. The individual card holder will deposit money into their account before making any purchases. If you have money in your account then you are free to spend with your prepaid card. Like a traditional charge card your prepaid card will have a spending limit set which is determined by how much you have deposited into your account, and how often you are able to deposit money.

There are a number of benefits to having a prepaid credit card. You'll have the same freedom that you would with any credit card. Your prepaid card can be used anywhere that credit cards of any kind are accepted.

A prepaid credit card is also a very useful tool for you to control your spending. By only purchasing items when you have already dedicated money for them you are ensuring that you are not going to fall down the slippery slope to major credit debt. With your prepaid credit card you will learn how to handle your finances effectively. That education will be something that you can take with you through the years.

A prepaid credit card also has the advantage of being protected from identity theft. If you are buying online or by phone, you can have the peace of mind that comes from knowing that your other accounts are insulated from this card.

So how to you set up a prepaid credit card. Well you will incur a fee to set up your credit account. Typically it is quite small. Anywhere from $5-$10. Additionally, there are usually fees that accompany any deposit that you are making into your account. Though there are some slight fees for those who have been struggling with their credit or merely want to keep a tight handle on their spending it really might be a viable solution for you.

There's no escaping it; our society runs on credit. You need a credit card to do just about anything these days. You need a credit card just to function these days. If you are working with bad credit, an insufficient credit history or just trying to manage your spending, then a prepaid credit card may be the answer for you.

About the Author:

Steven J. Talrechi is an expert on credit reporting for more than 10 years. He authors various topics on said field, including applying for a credit card, and different credit card offers.

Foreclosure Auctions Invite Home Bargain Hunters

By Michael Geoffrey

Buying a home at a foreclosure auction could be perfect for you if you are interested in purchasing a home for the lowest price possible. The courts will determine the price of foreclosure homes, which is most commonly below the market valued price of the home. If the lending agency that forecloses on the home requests that they do so, the court can use three different appraisals to determine the value of foreclosed property. These appraisals can be appealed by the lender, however.

However, once the value has been determined, the foreclosure auctions will be advertised for several weeks prior to the date of the auction and most states stipulate the house cannot be sold for less that two-third of the appraised value. If you attend foreclosure auctions do not expect to find a huge crowd of people vying for the right to own a cheap house.

Foreclosure auctions tend to be very simple events and the only people in attendance are often the lender who started the foreclosure process and one or two people who are thinking about buying the property. A foreclosure auction where lots of people attend and more than two or three separate bids are made would be a rare occurrence.

Be Prepared To Buy The House

The person who wins the bid on a foreclosure home is expected to present 10% of the price that was bid when the auction is over with. That payment can be made by cash, money order, or a certified cashier's check.

Most auctions will not accept these payments by credit card or personal check. The house will be resold immediately if the winning bidder is unable to make the 10% payment in an accepted form at the end of the auction.

The winning bidder will need to get a loan to cover the rest of the price of the foreclosure home they purchased at the auction within a predetermined period of time, usually thirty days. If they cannot get a loan to pay for the balance of the home price they will lose the right to purchase the home. They will also lose the 10% payment they made on the day of the auction. In order to prevent such unpleasant occurrences, most people set up the financing they will need before they bid on a home.

If a home is auctioned a second time due to the winner's inability to secure funding, if it sells for less than the first auction, the first auction winner may be responsible for the difference, as well as losing their 10 percent deposit. It is important to remember that sales through foreclosure auctions are final and the winning bid is considered a contract, promising to make the purchase.

About the Author:

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Making a Budget: The Basic Steps

By William Blake

If you want to start living a more frugal life, you will need to start the process by doing some important planning. The most important part of planning for your finances is making a solid budget. Regardless of how much you make, how you make it, and how much you have now, you can make a budget that will work for you. Consider the following steps that will help you take the first step to a thriftier lifestyle: making a budget.

1. Keep track of your spending. You need to know what your current spending habits are before you can adjust them by means of a budget. Bring a small notepad with you wherever you go and note how much you spend every time you make a purchase. That way you can track your spending.

2. List out your expenses. This will include monthly bills as well as the money spent that has been written down in your notepad. Organize the purchases you have made into categories and then total them up to see how much you have spent.

3. Write down how much money you make and how often you receive it, whether that be on a weekly, bi-weekly, or monthly basis. Then total up how much you earn.

4. Based off of the information you have gathered during the last month, make a budget. Once you have it written out, compare it to your total income and make any necessary adjustments so that your income is more than your budget is, either spending less or making more money.

5. Study your budget and even take a few days to really think about the items you have listed there. Make better choices. If you only watch your television once a week then cancel your cable. Save that money for something else. If you have so many clothes that you can't open your closet then determine to pass on the shopping for a while. Decide to choose a future instead of a fleeting present.

6. After you have cut all that you can cut, review your budget balances. If there is still a deficit, it's time to consider a second job (or a job change). The only way to balance a budget (and start saving money) is to bring in more than you spend.

7. Review your budget regularly. Your situation will continue to change and so should your budget. As you learn to live a frugal life, you may well find that items on your budget are no longer important to you and can be removed.

Having a keen understanding of your own spending habits will enable you to live frugally, successfully. Making a budget and sticking to it is an essential first step.

About the Author:

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