Most discounts for Auto Insurance are hidden. You can either call several Auto Insurance companies to get quotes and ask them about their discounts, or you can do some online research and searching to find discounts and best quotes on your auto insurance depending on your state or location. When you're talking to an agent they may ask you how far is your job that you travel to from your home, or how far is your school if you're a student. If it's far like over 100 miles and you're a student you could get a student discount on your auto insurance. Some agencies have discounts for homeowners, some even have discounts for newly weds.
You shoud also ask if there's any new discounts available when it's time to renew your car insurance. You might see a car insurance commercial and they advertise that you can save money, and that their company have discounts and great benefits. There could be other companies that also could have these benefits but they didn't advertise it so you may have to ask them over the phone about their discounts. You should also mention "well, state farm advertised on their commercial that their price is this, and i could save that" other companies don't want to lose customers to their competition which could result in them giving you a discount. If you have a anti theft device for your car you could also get a discount, you would have to mention this to the agent. If you're a member of U.S Military you could get a discount on your car insurance as well.
There are so many auto insurance companies to choose from so you will have to do some shopping around to find the best price that works best for you. Don't forget to mention about the discounts and the key things that could get you a discount on your auto instrance. After all, all the money you paid for the car and gas prices going up, YOU DESERVE A DISCOUNT ON YOUR AUTO INSURANCE.
Tuesday, October 12, 2010
Friday, October 1, 2010
Student Loan Consolidation
College students take out more than one student loan when trying to pay for school. These student loans have to be paid back, so some people choose to consolidate their loans to make their monthly payments and finances lower. When choosing this method to lower your monthly payments, or refinancing for a lower intrest rate it will make the amount of time you have to pay monthly longer. This method isn't a good method for everybody. Federal loans cannot be consolidated with private loans. Now, every federal student loan will carry a fixed intrest rate. But before, federal student loans was issued with variable rates and if a borrower wanted to consolidate their federal loan they could lock in a rate that could be lower then the rate they was paying. And now, you can't benefit from student loan consolidation unless you have a single monthly payment with the ability to have a variety of repayment plans.
Student Loan Consolidation isn't going to help you if you can afford to make your monthly payments, but if you can't afford to make your monthly payments or you think that somewhere down the line you will have trouble making your monthly payments then consolidation can help you becaus it will lower your monthly payments. But it will make the amount of time you'll be paying back longer, and it also will add on extra thousands of dollars in interest. If you decide to consolidate a 5 year student loan to a 10 year, it will reduce your monthly payments, but you could end up paying double the amount of interest if you decide to consolidate your student loan or loans. You should wait some years to consolidate because it is predicted that the interest rate on student loans will drop by two percent. The borrowers who consolidated on their student loans already won't be able to consolidate again when the interest rate gets dropped to the new rate.
You can now consolidate for a new income based repayment plan when the interest rate gets dropped to something you can afford. Waiting for the interest rate to drop can be a good idea if you're entering a field that pays a low salary. Student Loan Consolidation is good for anyone with federal loans and it will base your monthly payments at a certain percentage of your income. This rate will be your adjusted gross income that shows up on your federal taxes and 150 percent of federal poverty level which is $16,245 for a single person with no kids. Single individuals with no kids if your gross income is $40,000 then your monthly payments would be $365. If your salary increses then your monthly payments will increase as well. After 25 years if you still have a balance left on your student loan it will be wiped away.
If you have already started repaying your student loan you still can opt for the income based repayment plan, but by doing so will restart your 25 years of repaying back all over with an additional 25 years. Private loans are better than student loans because with private loans you can choose what interest rate you would like while federal loans interest rates are fixed by the amount of yor income. Consolidating private loans can save you money. If you take out a loan with limited credit history and if you make your payments on time, within 4 years it can increase your credit score by 100 points. If you get your credit score increased, then a student loan lender could lower your interest rate.
If you decide to get a lower rate now, then your rate my not increase as high in the future. Another good reason to student loan consolidation is that it could remove a co-signer if you have one, this would help your co-signer so that they won't be liable anymore with your loan and payments. Co-signers can be removed after two to four years of you making your payments on your loan. The best companies to choose to consolidate private student loans is Wells Farge, Chase, Student Loan Network, and NextStudent. Of course they all will have different terms, but they all have a cap on the amount of debt you can consolidate with them. Some charge origination fees, prepayment penalties, different interest rates, and longer loan payment time periods so you should ask if this concerns you.
Make sure you read the terms and conditions carefully, let someone else read the terms as well incase there's anything you don't understand. Ask questions if there's something you don't understand. Keep in mind that this is your life that you're dealing with and signing the loan contract will be 25 years of your life. I suggest you stay away from lenders if they charge a prepayment fee because you might want to pay off the loan sooner and not get charged for it. Most people take out student loans for thousands of dollars without thinking about soon they will have to start paying back on the loans. This includes paying back on the loans even if you don't graduate and drop out of college. Almost every college student graduates or drop out of school with this big debt hanging over their heads. Over $22,000 in debt for student loans. Student Loan Consolidation is great if you want to lower your monthly payments to something you can afford and don't mind paying extra in the interest rates.
Student Loan Consolidation isn't going to help you if you can afford to make your monthly payments, but if you can't afford to make your monthly payments or you think that somewhere down the line you will have trouble making your monthly payments then consolidation can help you becaus it will lower your monthly payments. But it will make the amount of time you'll be paying back longer, and it also will add on extra thousands of dollars in interest. If you decide to consolidate a 5 year student loan to a 10 year, it will reduce your monthly payments, but you could end up paying double the amount of interest if you decide to consolidate your student loan or loans. You should wait some years to consolidate because it is predicted that the interest rate on student loans will drop by two percent. The borrowers who consolidated on their student loans already won't be able to consolidate again when the interest rate gets dropped to the new rate.
You can now consolidate for a new income based repayment plan when the interest rate gets dropped to something you can afford. Waiting for the interest rate to drop can be a good idea if you're entering a field that pays a low salary. Student Loan Consolidation is good for anyone with federal loans and it will base your monthly payments at a certain percentage of your income. This rate will be your adjusted gross income that shows up on your federal taxes and 150 percent of federal poverty level which is $16,245 for a single person with no kids. Single individuals with no kids if your gross income is $40,000 then your monthly payments would be $365. If your salary increses then your monthly payments will increase as well. After 25 years if you still have a balance left on your student loan it will be wiped away.
If you have already started repaying your student loan you still can opt for the income based repayment plan, but by doing so will restart your 25 years of repaying back all over with an additional 25 years. Private loans are better than student loans because with private loans you can choose what interest rate you would like while federal loans interest rates are fixed by the amount of yor income. Consolidating private loans can save you money. If you take out a loan with limited credit history and if you make your payments on time, within 4 years it can increase your credit score by 100 points. If you get your credit score increased, then a student loan lender could lower your interest rate.
If you decide to get a lower rate now, then your rate my not increase as high in the future. Another good reason to student loan consolidation is that it could remove a co-signer if you have one, this would help your co-signer so that they won't be liable anymore with your loan and payments. Co-signers can be removed after two to four years of you making your payments on your loan. The best companies to choose to consolidate private student loans is Wells Farge, Chase, Student Loan Network, and NextStudent. Of course they all will have different terms, but they all have a cap on the amount of debt you can consolidate with them. Some charge origination fees, prepayment penalties, different interest rates, and longer loan payment time periods so you should ask if this concerns you.
Make sure you read the terms and conditions carefully, let someone else read the terms as well incase there's anything you don't understand. Ask questions if there's something you don't understand. Keep in mind that this is your life that you're dealing with and signing the loan contract will be 25 years of your life. I suggest you stay away from lenders if they charge a prepayment fee because you might want to pay off the loan sooner and not get charged for it. Most people take out student loans for thousands of dollars without thinking about soon they will have to start paying back on the loans. This includes paying back on the loans even if you don't graduate and drop out of college. Almost every college student graduates or drop out of school with this big debt hanging over their heads. Over $22,000 in debt for student loans. Student Loan Consolidation is great if you want to lower your monthly payments to something you can afford and don't mind paying extra in the interest rates.
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