How do they figure up how much you will receive in student loans?

Question by Looking forward to my Rainbow: How do they figure up how much you will receive in student loans?
I am getting a pell grant, but it only covers a portion of the cost. I was also told that I may qualify for student loans. How do they determine how much money you will receive in student loans?
What is subsidized and unsubsidized?

Best answer:

Answer by swhiting2006
Student loans depend on the year of school you are in, freshman, sophomore, junior, senior. They are not credit or income based.

Freshman 0-25 credits $ 3,500 in subsidizes $ 6,000 unsubsidized

Sophomore 24-47 credits $ 4,500 in sub $ 6,00 unsub

Junior- 48+ credits $ 5,500 in sub $ 7,000 unsub

BA degree $ 8,500 sub and 12,000 unsub.

What do you think? Answer below!

Is student loan debt taken into consideration when a landlord approves a tenant for leasing an apartment?

Question by Fiona432: Is student loan debt taken into consideration when a landlord approves a tenant for leasing an apartment?
I’m a recent college graduate with a steady income and a student loan that is not in default. I’m looking to lease an apartment, and I heard that landlords are not allowed to count student loan debt against a person when evaluating their credit and debt. Is this true?

Best answer:

Answer by Alex
I’ve never heard of this, but it doesn’t make common sense. Landlords are checking credit to see if a potential tenant will be able to uphold the financial obligations of a lease (i.e. pay rent). Having a loan, any loan, will mean obligations to another company and dip into the amount of money you have available for rent.

Know better? Leave your own answer in the comments!

What do mortgage lenders look for when reviewing loan modifications?

Question by Lisa: What do mortgage lenders look for when reviewing loan modifications?
I recently applied for homeowners’ assistance with my mortgagor, and am currently in the foreclosure process. I’m not sure if I’m going to get the loan mod or not. What do banks look for when a homeowner applies for loan modification? I realize that lender practices vary; I’m just looking for general guidelines, because I don’t want to lose my home.

Best answer:

Answer by Gaspode the wonder dog
1. Payment history and risk potential
2. Payment potential (how will you pay in the future)
3. House value against money borrowed (is the house in a state of negative equity)

Add your own answer in the comments!

How should I pay off my credit card debt when I just received a lump sum of money?

Question by Saul Santana: How should I pay off my credit card debt when I just received a lump sum of money?
I recently received a good amount of money from a work related injury and now have the opportunity to pay off the $ 20,000 of credit card debt I now have in collections. Should I just pay the complete amount I owe or should I settle with the credit card company to pay only 25% of what I owe. This debt has been in collections for two years. What option would be better in the long run? I figure I’m already so late on payments how much worst can my credit get if I settle.

Best answer:

Answer by David Z
good idea to try and settle. if they would settle for 25-50% that would be a nice break for you.

the settlement will be a ding on credit report but probably not much worse than has already occurred.

Know better? Leave your own answer in the comments!

Mortgage banking. What are the job prospects in your country? Any good marketing ideas?

Question by Sam S: Mortgage banking. What are the job prospects in your country? Any good marketing ideas?
I live in South Africa (we call this type of business Mortgage Origination) and have been in the business since 1995 and am now running my own business.It is highly competitive.We are always looking for new marketing ideas, if you have any I would love to hear from you.I now specialise in homeloans where the clients have a credit problem.This is quite new here and very successful. We are a mix between a first world and a third world country and look up to our overseas counterparts as you seem to be extremely progressive when it comes to marketing.

Best answer:

Answer by Reinaldo M
Try going to this site, they have lots of information about this sort of stuff.

Add your own answer in the comments!

How do you get a court to garnish wages for debt collection?

Question by drf2684: How do you get a court to garnish wages for debt collection?
I have judgement against an individual and his company for close to $ 10K. I know that his company is still solvent, yet few debt collection agencies could be found in my area (Lehigh Valley, PA). Is there a way to have the court garnish wages to collect debt?

Best answer:

Answer by annazzz1966
http://www.enforcemyjudgment.com/

Know better? Leave your own answer in the comments!

Where do I get good quality mortgage leads?

Question by Alexis: Where do I get good quality mortgage leads?
For anyone that is currently a loan officer, broker, AE, etc. Where do I get quality mortgage leads from? Can I get some good referrals? Exclusive leads that are not over priced. Many of the lead suppliers are big ripoffs and I hear too many bad stories. I need leads!!! Cold calling doesn’t work for me. I personally do not buy anything from a telemarketer PERIOD so I do not want to do business as a telemarketer myself. Personally I do not think that cold calls are professional no matter how people swear it’s the best way to go. I prefer speaking to people who has requested to speak with me. Please help! Thanks!

Best answer:

Answer by Miklo
juicyleads
e leadz
lead2net
These are the three my company uses… Right now its a bad time for newcomers, hit the streets, get referrals, and make some friends in the realty industry!

Add your own answer in the comments!

Mortgage Approved, How long it takes to show in the credit reports?

Question by Fgng: Mortgage Approved, How long it takes to show in the credit reports?
If I get approve today for a mortgage loan, how long does it take to show up in a credit report?

Or If get approve for an Auto loan, how long does it take to post in the credit report.

The credit report that the lenders can see.

Best answer:

Answer by gina w
that should be at least by the next business day. it takes no time at all.

Know better? Leave your own answer in the comments!

How can I find a good debt counselor in my area?

Question by Aleshia: How can I find a good debt counselor in my area?
My wife and I are really struggling with our credit card debt and
two car payments. We are falling behind further and further. One of our friends suggested that we go to a debt counselor to try to lower our monthly payments and combine some of our bills. Where do I find a local debt settlement counselor in my area?

Best answer:

Answer by Susie T
Find the local Consumer Credit Counseling agency. It’s a nonprofit set up to handle problems like yours. You should not have to pay a huge fee to get help. Go now!

Here’s a page from their web site:

“What We Do

For 44 years, families have turned to Consumer Credit Counseling Service of Greater Atlanta for help with money problems. CCCS is a non-profit, community service agency dedicated to empowering consumers to achieve a lifetime of economic freedom. A United Way partner and a member of the National Foundation for Credit Counseling (NFCC), CCCS provides confidential budget counseling, money management education, debt management programs, bankruptcy counseling and education, and comprehensive housing counseling.

CCCS Atlanta is the headquarters for the CredAbility Network, a family of agencies serving consumers in North Georgia, South Florida, Central Mississippi and East Tennessee as well as nationally via telephone and Internet.

We are dedicated to seeing you succeed.”

Of course, this is in Atlanta and FLA, but there are affiliations all over the country. Good luck!

What do you think? Answer below!

How to delay finance charges on a credit card?

Question by working gal: How to delay finance charges on a credit card?
I have a discover card, and I had an 18 month period with no finance charges. My time is up and finance charges started this month. I was told by someone that if you call them and ask for an extended time with no finance charges they usually will because they don’t want you to transfer to another card. Has anyone ever done this? How do I go about it?

Best answer:

Answer by Elsie
I tried it with a Citibank card, and it didn’t work. I ended up transferring the balance to a different card with 0%. Hope you have better luck with Discover. The funny thing was once I transferred the entire balance, Citibank sent me checks for a promotional 6 month transfer offer at 0.99%. They want to get you one way or another, and remember, you can only juggle for so long before you have to pay it back anyway.

Add your own answer in the comments!