Nov 19th, 2015 Posted in Credit Card Comparison | Comments Off on Why Holiday Shoppers Should Beware Store Credit Cards and High Interest Rates
High Interest Rates Increase Debt Levels
Many shoppers are faced with carrying a balance each month because of other existing debt, and store-branded credit cards charge a hefty average interest rate of 23.43% making this an uneconomical option, according to a new report by CreditCards.com, the Austin, Texas-based credit card comparison company. The report examined the retail credit card terms and condition agreements of 64 cards from 42 different retailers.There are two stores in particular to steer clear of because their credit cards charge the highest APRs: Zales at 28.99% and Staples at 27.99%.
By contrast, the national average for all credit cards remains at 15.0%, much...
Nov 19th, 2015 Posted in Education Loans | Comments Off on Navient Corp (NAVI) to Issue Quarterly Dividend of $0.16
Navient Corp (NASDAQ:NAVI) last released its earnings results on Tuesday, October 20th. The company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, equities analysts forecast that Navient Corp will post $1.84 earnings per share for the current fiscal year.
Navient Corporation is a loan management, servicing and asset recovery company. The Firm holds the portfolio of education loans insured or guaranteed under the Federal Family Education Loan Program (NASDAQ:NAVI), along with the portfolio of Private Education Loans. FFELP Loans are insured...
Nov 18th, 2015 Posted in Credit Card Comparison | Comments Off on Shoppers: Beware of Store Credit Cards, High Interest Rates
By Ellen Chang
As the holiday shopping season commences, stores will ramp up offers for shoppers to obtain their credit cards. Retail store credit cards are often very alluring with lucrative discounts on purchases, but the hidden costs can outweigh the benefits.
Retail credit cards often carry high interest rates, which can quickly rise toward 30 percent. While the offers are tempting for consumers to chase special discounts, the higher interest rates pose a risk and can undo any savings if the balance isnt paid off quickly enough, said Bruce McClary, spokesman...
Nov 18th, 2015 Posted in Education Loans | Comments Off on Lower the risk of investing in college with Income Share Agreements
College tuition is high, but degrees are still worth it. Debt is growing, but the largest debts are held by people with the highest income. So whats the problem? The really troubling trend is the growing risk associated with investing in higher education.
Paying for college: A riskier investment
Historically, making a bad investment in higher education was not a catastrophe. Wasting tuition dollars on a degree that didnt pay off was like buying a car that turned out to be a lemon. There were financial consequences, but they werent ruinous. That has changed. The high price tag of higher education means that investing in a college degree means putting all (or at least many) of your...
Nov 17th, 2015 Posted in Education Loans | Comments Off on ‘Ease process of granting education loans’
Activists of the National Students Union of India (NSUI) staged a protest here on Friday urging the government to initiate measures to remove the hassles in the way of sanctioning educational loans by banks for students.
Addressing the protest meet, CG Madhusudan, State convener of NSUI, said that according to the guidelines issued by the Ministry of Finance, surety or guarantee could not be insisted upon for sanctioning educational loans of up to Rs. 4 lakh by the public sector and commercial banks for poor students desirous of pursuing professional courses or higher education. Even the payment of interest and repayment of the principal amount should be deferred till the completion...
Nov 16th, 2015 Posted in Education Loans | Comments Off on Brokerages Set Navient Corp Price Target at $19.25 (NASDAQ:NAVI)
Navient Corp (NASDAQ:NAVI) last announced its quarterly earnings data on Tuesday, October 20th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.48 by $0.01. During the same quarter last year, the business posted $0.52 EPS. On average, equities analysts expect that Navient Corp will post $1.84 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a dividend of $0.16 per share. The ex-dividend date is Wednesday, December 2nd. This represents a $0.64 dividend on an annualized basis and a dividend yield...
Nov 15th, 2015 Posted in Cash Management | Comments Off on US Could Run Out of Cash After Nov. 3, Treasury Secretary Lew Says
The US government will exhaust its emergency cash-management measures by Nov. 3 and risks running out of cash shortly thereafter if the federal borrowing limit isn’t raised by Congress, Treasury Secretary Jacob Lew said Thursday.
The latest estimate moves forward by two days the point at which the Treasury Department says it would be left to fund the government’s operations only on daily cash flow, the equivalent of driving a car…
Nov 14th, 2015 Posted in Education Loans | Comments Off on Generous GI Bill Isn’t Keeping Veterans Out of Student Loan Debt
Despite the generous benefits of the latest GI Bill, military veterans attending college are taking out substantial student loans, raising concerns among veterans organizations that they are unnecessarily diving into debt.
For most veterans, the GI Bill covers four academic years of tuition at public colleges and universities, and has programs to cover the vast majority of expenses at many private institutions. Veterans also receive a monthly living allowance — averaging about $1,300, depending on where they live — to help cover expenses while they attend school.
But data compiled for The Times by the Department of Education show that in one academic year —...
Nov 13th, 2015 Posted in Education Loans | Comments Off on CDB gives education in Barbados US$7.75m boost
BRIDGETOWN, Barbados, Thursday October 29, 2015 – The Caribbean Development Bank (CDB) Board of Directors has approved US$7.75 million in financing to improve access to tertiary education in Barbados and to strengthen the business operations of the country’s Student Revolving Loan Fund (SRLF).
The loan will assist the SRLF, the principal source of student loan financing in Barbados, in providing tertiary education loans for new and continuing students.
Included in the loan is provision for the financing of consulting services to carry out a review of the operations of SRLF to improve the Fund’s sustainability and help facilitate the efficient delivery of student...
Nov 13th, 2015 Posted in Cash Management | Comments Off on Onpex launches Payment Account Management..
ONPEX Payment Account Management allows customers to manage technical transaction information in relation to the real payment streams with any connected payment method. These Payment Accounts offer easy access and a wide selection from payment methods, cash management and fraud prevention solutions.
The Payment Account Management has five key features:
bull; Virtual Accounts – allowing customers to create and manage customisable individual virtual accounts for their merchants or wallets.
bull; Collection – Collect payments from all connected payment methods globally in many currencies in one place.
bull; Settlements – Create settlements through multiple...