| Few takers for National Insurance Fund (NIF) loan
There is no apparent eagerness on the part of small businesses to access funding from the billion-dollar loan scheme being offered by the Government through a drawdown from the National Insurance Fund (NIF). Last year, Prime Minister Portia Simpson Miller announced that $1 billion would be made available through the NIF to assist small companies with capital. But checks made by The Gleaner with participating financial institutions, which are disbursing the funds, indicate that not many persons are capitalising on the opportunity. At least two participating financial institutions told The Gleaner that the scheme has been "slow" in taking off. According to Pamela McLean, head of the National Export-Import Bank of Jamaica (Ex-Im Bank), the institution had only used up $5 million of its first tranche, approving only four applicants.
Peter Boutell, Lending a Hand: This loan pays off sooner without ...
A new loan program introduced in the United States two years ago is revolutionizing the way homeowners are paying off their mortgages. It combines the flexibility of a home equity line of credit with the idle cash that sits in your checking account to pay off your loan sooner without changing your spending habits. The loan is called the "home ownership accelerator" As we all know, you can pay off your mortgage faster and save tens of thousands of dollars by simply increasing your payment each month with a conventional mortgage. However, that requires discipline and a tightening of your personal budget. Also on a conventional loan, once you have made extra payments your money is locked up permanently unless you refinance. By using the cash that sits in your checking account, the home ownership accelerator will automatically lower your principal due on your mortgage.
Instant Payday loan - Quickest Possible Method To Get Cash For An ...
Instant payday loan is becoming more popular these days because it is the quickest possible way of getting money in times of short-term financial trouble. Besides the fact that lenders of this type of payday loan process the loan rapidly, faxless online payday loan is easier to obtain and the application process is also very simple. Loans Are Easy To Avail This easy availability of cash advance payday loan has made it the popular choice of people. Every week transaction of thousands of dollars takes place at various payday loan stores. You can imagine how popular instant payday loan has become that in US alone this industry is doing a business of over twenty-five billion dollars. You may come across some people who do not have a good opinion about the instant payday loan.
500 SSS members get home loan amnesty
The Social Security System said 500 of its members from Bacolod City availed of the home loan amnesty and restructuring program that ended June 15. Corazon de la Paz, SSS president and chief executive officer, said in a press statement that more than 6,400 members nationwide benefited from the program - either in full payment or installment basis. SSS recovered close to P269 million in back payments from delinquent housing loans, she said. Members who availed of the amnesty retained ownership of their homes after a restructuring of their accounts at a longer payment scheme and at lower interest. The amnesty program allowed members to settle their loans by paying in installment or full without penalties and half of the continuing interest. Members could also restructure their remaining balance for a maximum 10-year term at lower interest, the press release said.
Drive down your car costs
DRIVERS thinking of buying a new car next month should start doing their homework now if they don't want to end up out of pocket. UK-wide it is estimated that new car owners could collectively save £228m simply by shopping around for the best finance deal for their chosen car. Being savvy about what and where they buy, as well as thinking green, could help shave thousands more off the price of a new vehicle this August. .
Get $CASH$ 4 Real Estate Notes - Trust Deed & Mortgage Note!
Do you have an unwanted cash flow note? We buy seller financed trust deeds, mortgages, land contracts, vacant land, commercial, business, and other types of privately held cash flow notes across the USA. Perhaps, you wanted all cash when you sold your property. However, in order to close, you had to provide seller financing to the buyer. Now, you may find that you are faced with waiting years to receive your money. Life is full of little surprises! Maybe times are tough and you need the money for medical emergencies, pay off tax debt, credit card debt, funding education, buying a new home, or early retirement; or worse yet, there are late payments or no payments from the borrower; unexpected record keeping: IRS reporting, year-end accounting, calculating an extra payment; possibly even having to foreclose or deal with bankruptcy.
College aid legislation is needed
Annual increases in the cost of higher education are cutting deeply into Americans' pocketbooks. A majority of students are being left with post-graduate debt they carry for years. The situation grows more dire.The U.S. Congress wants to change that. This past week, the U.S. House passed the College Cost Reduction Act of 2007.S.C. Congressman John Spratt calls the bill "the largest single investment in college financial aid since the GI Bill, and one of the best decisions we can make.'' We agree.The College Cost Reduction Act was provided for in the Budget Resolution for 2008, which Spratt, as Budget Committee chairman, prepared.The legislation would boost college financial aid by about $18 billion over the next five years. It pays for itself by reducing federal subsidies paid to lenders in the college loan industry by about $19 billion, thus reducing the federal budget deficit by more than $1 billion.
Sallie deal may yet go ahead, but price could fall
NEW YORK (Reuters) - The threatened buyout of student lender Sallie Mae may still go ahead -- but the $25 billion price tag could be negotiated down. Sallie Mae said on Wednesday a group of private equity firms and banks threatened to scuttle their buyout of the company, blaming proposed legislation to cut government subsidies to student lenders. The deal has a break-up fee of $900 million, but if the buyers could prove the legislation has a "material adverse impact" on the transaction, they would not have to pay the fee. .
Invest in time to learn about finances
Should I invest in mutual funds, the stock market or variable funds, and where do I get help? I will be receiving a rather large settlement in a few months, and I would like some guidance. -- Reader, via e-mail Dear Reader: You didn't indicate what you do for a living, but most of us in our vocational lives have either studied or worked on the job to learn the craft, which took an investment of time and effort. The same thing is true of financial investments. It requires time and effort. .
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