Whiz Kid's Book Raises Concern About Student Loans Crisis Economists and business commentators are increasingly concerned about the high levels of debts carried by Americans. Danny Singh "Financial Whiz Kid" is not taking this issue lightly.

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Whiz Kid's Book Raises Concern About Student
Loans Crisis
Economists and business commentators are increasingly concerned about
the high levels of debts carried by Americans. Danny Singh "Financial Whiz
Kid" is not taking this issue lightly.
December 22, 2012 (Newswire.com) - "The amount of Americans in debt seems to be increasing
every year and that is a huge issue. We need to focus on spreading nancial literacy," says 19-year-
old Danny Singh . But this self-taught nancial guru is making it his goal to prevent an emerging
student loans crisis in America by educating students on how to best manage their nances. And
he should know. Singh has re nanced a house and a car at age 14, paid the family bills on time
each month for eight years and achieved a pristine credit score for his mother - all before he turned
19. He also raises concerns that the student loans crisis will cause a recession in America which
could possibly be worse than the housing crisis, because unlike home loans, student loans are not
dischargeable in bankruptcy and they have exceeded 1 trillion dollars. Singh is now providing expert
advice in his nance book, Finance 101: The Whiz Kid's Perfect Credit Guide.
He is also running his own independent and non-pro t credit advisory agency called "Students'
Finance Success" from his home in East Orlando, helping families save homes from foreclosure,
save cars from repossession, manage student loans, and helping them x their credit reports.
Singh's own story started when he took over his mother's nances, at just 11 years old. "My mother
began working more than 60 hours a week, and she was working long hours too. She was
overwhelmed by our nancial situation and turned to me for help," said Singh.
Rita Singh added her 11-year-old son as an authorized user on all of her accounts so the companies
would release her information to him. A nance whiz kid, Singh was dedicated to the cause,
learning everything he could by talking to the customer service representatives on the phone,
diligently researching information on the internet, scrutinizing the ne print on account
statements and quizzing his mother.
As a result, for the past eight years he has been successfully managing his mother's IRA, paying all
her bills and making sure the deposit accounts do not pass into the red. Singh established perfect
credit record for his mother - all the while maintaining his own strong academic record. "I worked
with more than 30 different banks, who have each contributed to my skills. One major
accomplishment was getting the interest rates reduced and the annual fees removed on several of
my mother's credit cards," Singh said. He didn't stop there.
Singh increased the credit limits on his mother's credit cards, linking them to checking accounts to
prevent overdraft fees, which achieved increased credit scores. The 14-year-old ' nance whiz kid'
was then able to re nance the mortgage. "The mortgage interest rate was reduced to 4.86 percent
xed with a 30-year loan term. Then I set to work re nancing the car. I asked my mother to open a
new credit card, which meant I could transfer her 7 percent interest rate car loan onto it and obtain
a xed interest rate of 3.99 percent for life," he said.
PRESS RELEASE DEC 22, 2012

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To reduce the expenses of the car and house further, Singh negotiated cheaper premiums with the
insurance companies, using his mother's new high credit scores. While proactively reducing his
mother's debt, Singh's nancial diligence has also prevented some anomalies that might otherwise
have gone unnoticed. "When I was 18, I discovered my mother was being charged the wrong
interest rate by a credit card company, so I simply contacted the corporate of ce. The bank
con rmed it was their mistake and we were refunded over $1,300 in interest and fees," Singh said.
When a fraudulent company was found stealing money from his mother's bank accounts, Singh
reported the issue to the Better Business Bureau and the Internet Complaints Board, and then
worked with the bank to return all her money. Friends and family have also bene ted from Singh's
help with their mortgage problems. He solved a credit issue for his grandmother, ensuring she was
approved for credit after rst being denied.
Now aged 19, Danny Singh is working to raise awareness of credit issues amongst his fellow
students at Seminole State College of Florida and further a eld. His nancial seminars at the
college educate the students on the most effective plans to pay off their loans and other debts. "I
recommend students do the maximum number of classes at a community or state college to get
into the least amount of student loan debt, and reduce nancial stress," he said. Singh is donating
all the royalties he receives from his book, Finance 101: The Whiz Kid's Perfect Credit Guide, to the
Children's National Medical Center in Washington DC to support HIV research.
And while he is helping others with their nancial dreams, Danny has his own goal to achieve. "I'm
planning on having a role at Chase Bank as a nancial adviser when I nish my MBA and Ph.D. in
two years. But above all, I want to ensure my mother is mortgage-free," he said.
About Danny Singh
Singh is the grandson of late Narendra Singh , more popularly known as Bachcha Babu, famous for
plying steamers between Palheja Ghat in Patna and Hajipur prior to the construction of Gandhi
Setu. He has been taking care of his mother's nances since he was 11 years old, is a rst generation
college student, and 2011 graduate of University High School's International Baccalaureate program
and is part of the Art and Phyllis Grindle Honors Institute at Seminole State College of Florida. His
nancial genius has attracted several news stations, Governor Rick Perry , Seminole County
Commissioner Bob Dallari , Florida State Representative Jason Brodeur, and Senator Marco Rubio -
who have all recognized him as the ' nancial whiz kid'. It took 7 months to nish his book, Finance
101: The Whiz Kid's Perfect Credit Guide, which is available to buy on Amazon.com and other online
booksellers.
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Categories: Business
Tags: credit, nance, students
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