Able Planet Case

Able Planet Case
Running head: Case 2 Able Planet
Case 2 Able Planet
Kelly Raines
Devry University
SBE 560 Contents
Abstract3
The difficulties entrepreneurs face when raising between over $100,000 for their businesses4
Ways Kevin Semcken can raise $1.5 million in capital5
Memo to Kevin Semcken7
References9
Abstract
This paper will analyze Case Study 2 Able Planet. In this case study, Kevin Semcken, Able Planet's CEO and chairman is seeking capital to finance
existing operations for its current products, build a prototype for a new product and market both products to new and current customers (Scarborough,
2012). Furthermore, Able Planet is unable to secure financing from a bank due to a predicament in the economic ... Show more content on
Helpwriting.net ...
Carrying too much debt is a problem because it raises the supposed risk associated with businesses, making them unappealing to investors and thereby
lowering their capacity to rise future additional funding (Rath, 2012).
The other option Mr. Semcken can use is equity financing. Equity financing refers to money attained from investors in exchange for an ownership
share in the business. Such funds may come from friends and family members of the business owner, wealthy angel investors, or venture capital firms
(Rath, 2012).The main advantage of equity financing is that the business is not required to repay the money. Instead, the investors expect to recover
their investment out of future profits. The participation of high–profile investors may also help raise the credibility of a new business. The main
disadvantage to this type of financing is that the investors become partial owners of the business, and therefore have a say in business decisions. As
ownership interests become blurry, managers face a probable loss of independence or control (Rath, 2012). As well, an undue dependence on equity
financing may signify that a business is not using its capital in the most constructive way. Memo to Kevin Semcken

Memorandum
To:Kevin Semcken, CEO and Chairman of Able Planet
From:Kelly Raines
Date:3/24/2013
Re:Steps to take before Approaching Potential Lenders and Investors
Money is the livelihood of any business, and at
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Hard Money Loans
Over the years, hard money loans have emerged as an effective financing alternative among real estate investors and business owners in the
Washington, DC area. If a bank has deemed you unqualified for a loan because of a low credit rating or for other reasons, hard money lenders in
Virginia, Maryland, and DC may be the answer to funding your project quickly and efficiently. Choosing the right lender, however, can be a daunting
task, considering the fact that you have to take into account a number of factors before making a final decision. Add to that, there are a plethora of
hard money lenders in Maryland, Virginia and DC flooding the market today. By carefully selecting the ideal hard money lender, you can rest assured
that you are that much... Show more content on Helpwriting.net ...
Knowledge is power. When it comes to choosing the right hard money lender, you need to make sure that they are qualified and knowledgeable in
the industry. Moreover, you increase the benefit and chances of a profitable fix and flip if you team up with a hard money lender who has extensive
building and development experience. In case you run into a development snag, the lender will be able to provide quality insight and helpful
recommendations on how to keep the rehab project moving. 3. Responsiveness. Let's face it, hard money loans can be very complicated and difficult
to properly structure, so it is vital that you work with a hard money lender that has a proven track record and can answer questions you have in a timely
manner. You should have a contact at the lending company that can provide guidance on matters along with your lending journey– from property
acquisition to the sale of your newly rehabbed fixer–upper. 4. Transparency. One of the major factors that you need to consider before choosing a hard
money lender is transparency. The term sheet, contracts, and closing documents should have all fees and payment schedules listed so there are no
surprises. 5. References. Before choosing a hard money lender, make sure that you ask for past client references and customer reviews. This will give
you a sense of their business model and customer satisfaction

Internal And External Stakeholders Of Apple
Stakeholders of Apple:
A stakeholder are anyone with an interest in the actions of the business. Apple is a business that has both internal and external stakeholders. These
stakeholders are really important within the business as they help to keep the business running and also help the Apple to be successful overall. The
best way in which Apple can have really good relationships with their stakeholders is by communicating effectively. There are many ways in which
Apple as a business can dothis. Onemethodis the way they approach their stakeholders. This is important because if they (the company) approach their
stakeholders in a positive way then they will get a positive outcome.
Internal stakeholders:
Managers (internal): The managers ... Show more content on Helpwriting.net ...
Alsofor Applethey make sure their products such Iphone 6 etc are working andnot faulty. In addition to this the employees working in the Apple
business bring success in the business as without them the business cant co–operate as much because the employees help the business to sell their
products in order to increase the amount of money coming into the business. The one way they help is by matching the customers by the product. This
means that the staff within the business shouldn't be selling really expensive products to the customers but instead the staff should try and meet the
needs of customers by giving them those products that they want not just because they are expensive and they want more money to come into the
business.Employees are really key stakeholders for Apple as they make sure all the area within the business is controlled by professionals. Alsothe
employee's job is to sell the product to the customers making sure that the products are in good state and also they help the customers if they have
difficulties in finding the best possible product for that individual.
Owner (internal): The owners are really important for Apple. The reason for this is because they make sure the entire business is running well and
gaining the national support from the customers around the world that are using the Apple products. Similarly, the owners also

The American Dream Of Homeownership
For many years, the idea that ones' home being the largest investment was said as a complete sentence when in fact, it was only an incomplete
sentence. Any duly licensed financial planner would finish that sentence by saying all investments are subject to market conditions, the value that
investment could increase or decrease and other similar cautionary statements that their attorneys wrote to protect them. The American public only
heard that their home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like
they did in the past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and
are ready to jump right back into homeownership. Why would these Boomerang Buyers want to jump back into homeownership and at what cost
would they "buy" another home? It's understood that the American Dream of homeownership runs deep in the American belief system. Even people
who have experienced foreclosure in the past, still dream of owning another home of their own even BEFORE they move from the foreclosed home.
Why is this so important to Americans? The answer is partly based on marketing and myths that have been around for many years. The ability for one
to create a pathway back to homeownership is varied and like many things, has potholes along the road. From predatory lenders to landlords who
participate in rent to own or owner financing

How Wall St. Greed Caused The Mortgage Foreclosure Crisis
How Wall St. Greed Caused the Mortgage Foreclosure Crisis
It is obvious that the increase in mortgage foreclosures is hurting the U.S. economy. Mortgage foreclosure rates in the beginning of this year were up
89%, and that number is climbing (Heavens). All of these foreclosures are putting a heavy burden on our economy, leaving lenders out of business
and destroying the value of hedge funds, but what attributed to the spike in foreclosures (Ferguson 38)? Who is at fault here? It may seem easier to
blame homeowners who took out loans that they could not afford. After all, people should be fiscally responsible, have a good budget, and should
only buy what they can afford. However, further research tends to blame Wall St. greed. Wall St.... Show more content on Helpwriting.net ...
A CDO is created when mortgage loans are grouped together, divided by risk, and sold to investors from the banks that hold them. The banks, when
doing so, pass the risk of a loan defaulting onto the investor. However, they do not make as much money on the loan, as the investor has to make
their profit as well (Kiviat 30). These CDO's initially appeared as a sound investment, but when the demand for CDO's exceeded supply for
investment, artificial CDOs were created by dividing up other CDOs. This allowed people to be deceitful of the quality of their investments.
Investments are rated on a scale from AAA to A and BBB to B, with AAA being the least risky, and B being the most. What these artificial CDOs
did was carefully chop up grade BBB or even grade BB legitimate CDOs and repackaged as AAA investments even though they contained things
like subprime mortgages and no documentation loans in the mix (Kiviat 30). Because some holding groups invested heavily in CDOs, losses in the
subprime market caused hedge funds to become nearly worthless. One of the hardest hit companies was BearStearns, who had two hedge funds go
from over $1.5 billion to practically nothing (Kiviat 30).The artificial CDOs created by greed on Wall St. has also caused international banks, like
BNP Paribas SA, France's biggest bank to freeze funds because the bank couldn't " 'fairly' value their holdings after

The Mortgage Crisis Of 2007
The mortgage crisis of 2007 marked catastrophe for millions of homeowners who suffered from foreclosure and short sales. Most of the problems
involving the foreclosing of families' homes could boil down to risky borrowing and lending. Lenders were pushed to ensure families would be
eligible for a loan, when in previous years the same families would have been deemed too high–risk to obtain any kind of loan. With the increase in
high–risk families obtaining loans, there was a huge increase in home buyers and subsequently a rapid increase in home prices. As a result, prices
peaked and then began falling just as fast as they rose. Soon after families began to default on their mortgages forcing them either into foreclosure or
short sales. Who was to blame for the risky lending and borrowing that caused the mortgage meltdown? Many might blame the company Fannie Mae
and Freddie Mac, but in reality the entire system of buying and selling and free market failed home owners and the housing economy. However,
hope might be on the horizon for the victims of the mortgage disaster of 2007/2008. Home buyers who were foreclosed upon years ago, or
boomerang buyers, are beginning to be eligible to buy homes again. While some feel hope after feeling bamboozled by lenders and Fannie Mae and
Freddie Mac, some feel anxious and fearful of the thought of buying again. Yet there are lessons that have been learned by the mortgage meltdown.
Fannie Mae and Freddie Mac provided a lesson for the

Personal Loan Research Paper
Personal loans are those that can be used for a variety of applications, including vehicles, home repairs, vacations, education and many other endless
possibilities. Personal loans can be obtained from banks, financial investors and other financial institutions, including those on the Internet. It can be
difficult to decide which business with. There are a number of questions that your potential lenders ask before making any kind of obligation a
personal loan.
First, it's important for you to understand that as a customer or potential customer, you have the right to ask questions to suppliers. Do not do business
with a lender who is willing to respond in detail to your questions. Beware of lenders who tell you not to worry about the details or try to rush ... Show
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This way, you can know if the lender is able to meet your needs based on the amount of money you are looking for. Many questions about the gates
under personal loan. This will help you determine if the payment is your monthly budget.
Most personal loans are decided within a few days. Ask the lender to provide some checks as soon as possible and make a decision after providing all
the required documents. The tests vary, but must also include ID, income tax and paid application.
Many personal loans lenders will push the loan rate for you, especially if they offer that is lower than the competition. However, you should ask them
to show exactly how much the loan will cost. Lenders can provide details of all costs of loans. You want the information to compare it to other
information providers.
Do not forget to ask your lender about prepayment. If possible, you want to save the loan early on the interest that you pay on the loan term to
repay. Some lenders will give you a fee for early payment. If you plan to repay the loan before maturity, it does not work with a lender that requires
early repayment fines as part of personal

The New Real Estate Investor
Great Starting Ideas For the New Real Estate Investor
By David Neese | Submitted On February 08, 2006
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In his interview with me, John Paul Moses, who is the founder of our Local Memphis Investors Group, was willing to give us some tips about how to
start as a real estate investor. After reading "Rich Dad, Poor Dead" by Robert Kiyosaki he decided to start as a real estate investor. The book says to
do this you need some preparation, so he went to the Internet and stocked every bit of information from the articles, news groups and discussion
forums. By that time he started a long term friendship with Matt Scott who runs a great website called dealmakerscafe.com. That 's how he learned
the meaning of the word "escrow" and what the difference was between a mortgage and a trust and real estate basic terminology. The Internet might
be one learning ground. If you buy a real estate course you have to be very careful. The first course John Paul bought was in his opinion the worst
real estate course and never did a deal from knowledge gained in that course. But at least he learned real estate terminology and spending $400 on that
course proved to him that he

Mortgages in the Brink of Meltdown
Ethics Essay:
"The Subprime Mortgage Market Meltdown"
"What were the responsibilities of the mortgage broker to borrowers? To lenders?
To investors? How well did they fulfill their responsibilities? Why?"
The responsibilities of the mortgage brokers to the borrowers, lenders, and investors were to promote the subprime mortgages to these groups of
people in order for them to take out a loan. Although they did fulfill their responsibilities of promoting and having people sign up for it, they
mishandled on how people should be granted for a mortgage loan. These brokers were to desperate about earning huge amount of money due to the
expanding market that they ignored the proper precaution that they should have taken when they ... Show more content on Helpwriting.net ...
It's a risk that these investors took where in the end, they were financially hurt by it due to the part of the subprime lenders acting unethically. Not only
the subprime lenders, but also the investors because they started to loose their standards once the subprime mortgages were booming and becoming
more profitable. The investors were blinded by the profit and not paying attention to the qualities of business and the loans. Once the investors started
to loose their standards, that's when the subprime mortgages were being overlooked in which they were hurt by it.
"Should the borrowers (homeowners) share in the blame? If so, how?"
Yes, the borrowers (homeowners) should share the blame because they were getting loans where they didn't have the sufficient income to pay it back.
This is the reason why people shouldn't lie on their income information when investing into getting a mortgage or financing a car because it can hurt
the lender and the borrower. They might be able to pay payments at first, but once the interest rate starts to increase, it can be difficult to make the
payments because it might be higher that they intended to me. That's when you start to have people file for foreclosure and end up filing for
bankruptcy. The lender will also end up being hurt from it because they won't anyone to pay off thedebt and can ruin them financially. Especially when
they have

Essay on Payday Lending
Would you pay 390% for a $400 loan? Most people would say no. Many, however, are saying yes. In the industry of payday loans or cash advances
this is just the case. A payday advance or cash advance works like this. A borrower has a need arise, whether from bills or Christmas shopping, and
they need a small amount of money. Now, their payday has just past and their credit it less then perfect. They do not have a savings account, and
due to their credit they do not have a credit card either. So they stop in to a payday lender. The borrower writes a check for $460, and they get $400 in
cash. The $60 is the fee for the loan. The lender gives the loan for 14 days, which is until their next payday. In 14 days the borrower has a couple of...
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A person could go the credit union and get a signature loan for just under 13%. Yet, payday lending is still one of the fastest growing businesses. May
people believe that is because they prey on the financially uneducated.
A good deal of borrowers is those on fixed income or in the lower income bracket. Their credit worthiness is not go, and they may not have any
savings accounts. In fact some may have no financial assets whatsoever. The borrowers are apart of a segment of society that the Center for
Responsible Lending have dubbed "unbanked," According to Payday Lending:Serving the Unbanked by Mike Foley. This segment is primary
comprise of the poor. So, when many of these loans are taken out the borrowers can not afford them in the first place. The borrowers only see the
small fee for the loan and the fact the company just holds the check, so they see not risk in taking the loan.
Most borrowers do not thing about interest rate or just do not care. They have their wants or needs and that is all they can see at the time. The
lenders do not really care if the borrower can pay the loan back. Most of these payday stores are open near or in poor communities. Julian Bond,
chairman of the Board of the NAACP said, "visits to day lending stores–which open their doors in low–income communities at a rate equal to
Starbucks in affluent ones–are threatening the livelihoods of hard working families and stripping equity form entire communities (Foley). Many

Personal Loan Fraud
Personal loans are a great way to generate the income you need for a large number of needs. These loans can be secured by banks, loan companies,
private investors and online lenders. It is important to be aware of personal loan scams and avoid them. This type of scam was in the United States for
the year 2000, number 5 in the United States. On average, each fraud amounted to $ 464. Therefore, the federal government has worked hard to inform
the public about this scam.
Advanced personal warming is the most common method of taking money and execution. Most victims of such scammers never report to the
authorities because they are ashamed to feel like a mess. Even the victims feel angry. Of course, they needed money, or they had not asked for a loan.
They now have less money than before. Those who report fraud are often frustrated because the perpetrators rarely are captured and justified. It is very
... Show more content on Helpwriting.net ...
More than half of the victims of advanced personal loans are under 30 years old. The lender tells the plaintiff that it guarantees that they can work
with their situation, but there is a compensation for the processing of the loan. This can be a tax of one hundred dollars or more. With the technology
now available, it's not uncommon for operators of this scam to have websites and even 800 numbers to call. They will send you letters that seem so
official that you do not give them a second.
The stories of those who are victims of such personal loan scams to a personal loan put your heart at risk. A woman was fired and was deported. He
has found another job and asked for a personal loan to get permission to rent. He paid the lender almost all his first wallet for the so–called processing
fees on that loan that secured him fitness. He was understandably upset when he was deported and discovered that the lender had reduced his earned

Pay Day Research Paper
Sometimes life throws a really expensive and unexpected problem at you that makes it difficult to make ends meet. You work hard to take care of
your family and all of your financial obligations, but sometimes it can be a real struggle to make it from one paycheck to the next. Pay day advances
can help you out of a bind.
In Lincoln, NE, Moore Pawn & Furniture is here to help with pay day advances you can depend on. They want to see you succeed, so they're
providing some great tips on the right way to use pay day advances to get you back on your feet:
Use Pay Day Advances For Important Living Expenses Only: To savemoney in the long run, don't be tempted to take out pay day advances for
unnecessary purchases. They should be used for groceries

Research Paper On Capital Loaning
While operating in the ever–growing healthcare industry, it's important to stay competitive. Whether you're planning on acquiring a new practice or
improving your current one, a working capital loan can secure you the funding you'll need to reach your goals.
The New York Federal Reserve reports that 45% of U.S. small business owners applied for financing in 2016. If you're projecting a need for
additional funding for business purposes, there are a few questions worth asking before you sign off on any loan application.
1.What's my purpose & timeframe?
Identifying the purpose for your loan can help you better pinpoint the right amount of funds to borrow. Do you need to cover a one–time payment for
new equipment, or something ongoing, ... Show more content on Helpwriting.net ...
3.How will it impact my credit score?
In my two decades of working in finance, I have yet to find a lender who doesn't check a credit score. That being said, the type of credit inquiry
performed and the number of bureaus checked varies from lender to lender.
It's difficult to say exactly how every individual's score will be affected since credit–reporting bureaus hold their algorithms close to chest and there
may be various credit events happening at once. For example, if a borrower uses a broker to look for a loan, they may review the credit themselves
before submitting to lenders to review the loan for credit decision. Each lender reviewing the file will likely perform their own credit check as well.
Credit inquiries, or checks to your credit report, can be made as either soft or hard inquiries. A soft inquiry is designed to be used for a background
check, not affecting your credit score, where as a hard inquiry, which happens when you actually apply for something, will dock your score a few points.
When it comes to actually applying for loans, do so scantily, as multiple hard inquires will cause a drop in your credit score. Ask your lender if it will
affect your score; some (including Bankers Healthcare Group) often simply make a soft inquiry, not hurting your score.
4.What kind of payments can I make?
While negotiating your loan details, work to find the right payment model for your needs. Different loans have

The Role of the Central Bank
Role of A Central Bank as Lender of Last Resort
Introduction
Nowadays, monetary and central bank policy become more and more important. Besides, many references are regularly made to the function of central
bank as lender of last resort(LOLR). LOLR contributes a lot to solve the financial crises. As central banks are independent from government, they seem
to have strong priorities. In modern society, with the growth of the global economy, central banks have been playing especially important roles in
finance systems of modern society(Goodhart& Illing,2002) . The main responsibility of a central bank is to manage the monetary policy in order to keep
the economy as well as currency stable. Then, the central banks can manage inflation ... Show more content on Helpwriting.net ...
A lender of last resort can not only protect depositors but also prevent withdrawal caused by widespread panic. Thus, it can prevent the entire
economy from being collapsing. Commercial banks don't borrow from the lender of last resort ordinarily. Only when a financial crisis happen will they
use this life–saving straw. This phenomenon exits because if a institute borrows from a central bank, it means a suffering from too much risk and
financial difficulties(David, 2002).
In the United Kingdom, the role of LOLR is acted by the Bank of England. In the same way, this role is undertaken by the Bank of Japan in Japan
and by the Swiss National Bank in Switzerland. Similarly, inRussia, the role of LOLR is played by the Central Bank of Russia.
When a financial institution is experiencing financial difficulties and is not able to fund money from everywhere else, a central bank may be the one
which will offer it an credit. The central banks' main task is to protect the commercial banks from getting into a liquidity problem. It should protect
the individuals' funds as well. In addition, the central bank have the ability to keep the banks from over withdraws in order to maintain their liquidity
and remain stable. It is the central banks who have been acting as lenders of last resort hence to avoid great

Disadvantages Of Credit Cards
Credit cards are used as a foundation for setting college students up financial future. Although this may be true, it can also bring you down every time
you swipe. The purpose of this paper is to illustrate that credit cards can be dangerous because it can lead to debt and the toll it could take on the
future financially. College graduates in their late 20s can face three major issues such as overspending, high interest rates, and possibly low credit
scores when dealing with credit card debt. Strategic recommendations include not only being careful when using credit cards, but also limiting
yourself to what you can afford so that you will be able to look forward to other possibilities in your financial future. These possibilities include, but
are not limited to, buying a car, a house, a boat, vacation, etc.
Many college students and graduate students need money for school or other needs because they do not work but just go to school. A credit card
is a great opportunity for them to purchase what they need to get through each and every day. Although this can be very helpful it can cause
problems because some students' needs are different than others but you can also look into different ways to overcome these habits. "Perhaps the
greatest disadvantage of using credit is the temptation to overspend, especially during periods of inflation. Buying today and paying tomorrow,
using cheaper dollars, seems ideal. But continual overspending can lead to serious trouble" (Focus on Personal Finance Edition 5, 2015). Some
needs college students have can range anywhere from toiletries and clothes to partying in your dorm or buying drinks for friends. Using a credit
card is a great opportunity to "borrow" money without having to spend what you have at the time and can be risky throughout every day purchases.
"The problem with credit cards is that it's easy to abuse them. That is what makes them a very popular sinkhole." (Credit Card Debt What You Need
to Know, n.d.) Overspending on a credit card can not only create stress as to how you will pay them back but will also create a financial whole for
your future.
Jose Cesneros is a loving partner who works hard to provide for his family. He had some great uses for credit

Payday Lending Research Paper
Apocalyptic Thinking on Payday Lending Apocalyptic thinking has been going on for centuries. Perhaps surprisingly, many manifestations of
apocalyptic thinking derive from biblical texts. In fact, several prominent theologians have argued that apocalyptic thought is the cornerstone of
Christian theology. However, the apocalypse isn't what you might think it is. It's real definition is a revealing, or bringing forth of the truth. Really
different than that thought of the general populace. In this paper I hope to further look and reveal a truth about payday lenders, or at least convince
you to do so. Payday lending, or predatory lending is a business that is similar to what loan sharks do. Definition of 'Payday Loan' A type of
short–term borrowing where an individual borrows a small amount at a very high rate of... Show more content on Helpwriting.net ...
In this story, we are met with imagery of a woman wearing a red and purple dress, sitting on a monster with seven heads, which is sitting on seven
mountains in Babylon. In Revelation 17:9 the "seven mountains" is typically understood as the seven hills of Rome, this is because on some
Roman coins, minted under the Emperor Vespasian, depicts Rome as a woman sitting on seven hills. Many Biblical scholars believe that
"Babylon" is a metaphor for the pagan Roman Empire at the time it persecuted Christians, before the Edict of Milan in 313: possibly referencing
some aspect of Rome's rule (brutality, greed, paganism). Some of these experts have interpreted the passage as a severe critique to the people in
Rome who do the Emperor's bidding, interpreting that the author of Revelation was speaking of the Herodians, and later, corrupt Hasmoneans, where
the ruler of Jerusalem or Roman Judea exercised his power given to him by the Emperor, and was dependent on Roman wealth and power, like Herod
the Great in the Gospel according to

A Good Credit Profile Can Improve Your Credit Score Essay
For some, there are just goods that they consider absolutely essential to their existence, often to the point of spending every cent just to have these.
In turn, they rely on loans, and survive from paycheck to paycheck. But living on credit will then lead to a lifetime of hardship to pay off all their
loans. If worse comes to worst, some may even default on these loans. But don 't blame the loans. In fact, a good credit profile can improve your credit
score. Before applying for a loan, you must first learn all about loans. That is the first component in good personal money management. And during
this time, when we are all being hit hard by the worldwide financial crisis, we all need to be astute when it comes to handling money. Here 's the
scoop on loans. Basically, loans are quantities of money that you borrow from a lender, which can be repaid over a set period of time with the
inclusion of interest. Interest is a percentage of the loan which the bank earns in return extending credit to the borrower. Loans can be secured, or
where the borrower stakes a piece of his property to acquire the loan, also known as a collateral; or unsecured, where no collateral or tangible asset is
pledged. One particular example of loan that many need to learn more about are bad credit loans. Those with good credit scores have a history of
paying on time, and satisfying their debt obligations, while those with bad credit scores have a penchant towards late payments and neglected loans. This

Private Student Loan Case Study
There are a number of different ways to fund a college education. The federal government offers a few loan options and an array of financial aid
services for students in different situations, and there are many different grants and scholarships available. The financial aid office at your school
can help you find out which of these may be available to you. After federal funding, if you still need more money to pay for your education, you
need to start looking into private loans. Many different companies offer many different services, but let's take Chase student loans as a case study.
One service Chase and many other lenders offer is to help you through the process of applying for federal Stafford and PLUS loans, for undergraduate
and graduate... Show more content on Helpwriting.net ...
A number of students after graduating from college have difficulty earning much money in the beginning. Yet what to do with student loans is
confusing. And then there's just the unexpected curve balls life itself can throw you. An older person with kids could lose their high paying
employment and never go back to making what they were making before. Or one could get permanently disabled. Yet those holding student loan
debts are often told nothing can be done. This is far from the truth. If you're having difficulty paying student loans, the first thing to do is call the
issuer of the student loans and explain. You can apply for a student loan deferment or forbearance . Deferment or forbearance is especially useful for
recent college graduates who have yet to find gainful employment, or for those who were working and lost their employment. Your student loan issuer
may need proof of economic hard times such as proof that you're on unemployment or on a welfare program. Deferment lasts one year at a time,
depending on the type of deferment. Once you start earning enough money again, you should notify your loan issuer and work out payments with them.
Certain types of professions, such as working for the government, education or non profit sectors never pay much money. In these cases the government
doesn't want to saddle borrowers with debt for the rest of their lives. If one has worked in education,

Personal Loans
Personal loans are a good way to make money you have to pay for various financial commitments, such as vehicles, home repairs, vacations and
education. It is important to repay the personal loan as specified in the terms of the loan. If you do not, you might hear a personal loan collectors.
The task of collecting personal loan is not easy. They are human beings, they feel bad position many borrowers are present. It is their hard work to
ensure that the lending institution will refund the money paid. It is in the interest of the borrower in the work from the start with a personal loan
collectors. They are ready to help you find a solution that works for both parties. However, if you refuse to answer their questions or return calls to
discuss ... Show more content on Helpwriting.net ...
There are only attached to the loan that the loan is secured. After the bond is committed, it will be sold to repay the loan. If there are outstanding
balances, personal loans company can continue to accept the proposal to use collection agencies or the debtor in court.
In case there is no guarantee on the loan because it is a personal loan without pay, the lender will follow the procedure as above. account will be sent
or given to the game for inspection. If the borrower has a co–signer on the account, they will be informed before it is processed. If the receiver will not
be responsible for the loan, they also are subject to collection or charged.
The lack of willing for a personal loan is a serious problem. It can seriously affect your credit, your ability to get credit in the future influence. A
personal loan collectors will try to work with those who fail to find a logical solution. If you do not, you will need to do more. To avoid this, you
only need to borrow money when you need to. Allocated a personal loan payment every month and save. If you can not make a payment, please
immediately contact the lender. They are more likely to work with you if they find out about the situation when it

Business For New Heights With The Correct Business Loan Essay
Take your business to new heights with the correct business loan
Entrepreneurs and business owners know that a business runs on working capital. Capital
required to take your business to the next level is available through a business loan. As a Small
and Medium Enterprise (SME) owner in India, you can take advantage of various options
through th different types of the business loans in India targeted specifically to your particular
industry and type of business. Whether your goal is to increase working capital or expand your
business or start an export division or you would like to upgrade your machinery and equipment,
introduce a new division or product line, or build a new factory – help is at hand with a robust
business loan to fund your venture with the following types of business loans:
Types of Business Loans in India:
SBA Business Loan: The SBA loan is a loan offered by banks or other lenders who have been
guaranteed by the SBA (Small Business Association). The lenders are usually in the private
sector and help finance small businesses. The SBA does not have the funds to finance long
term businesses, thus it works with these lenders to help give fixed rate financing for lands and

buildings and other equipment that may be required.
Working Capital Loans: Working Capital Loans are usually loans taken in order to finance
activities that are categorized as daily activities in order to keep the business running. These
loans are of two types,

Types Of Business Loans : An Article On A Business And The...
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When it comes to the different types of business loans available in the marketplace, owners and entrepreneurs can be forgiven if they sometimes get a
little confused. Borrowing money for your company isn 't as simple as just walking into a bank and saying you need a small business loan.
What will be the purpose of the loan? How and when will the loan be repaid? And what kind of collateral can be pledged to support ... Show more
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And the raising of venture capital or mezzanine financing can be time–consuming and expensive. Also, both of these options involve giving up equity
in your company and perhaps even a controlling interest. Sometimes this equity can be substantial, which can end up being very costly in the long run.
Asset–based lending (or ABL), however, is often an attractive financing alternative for companies that don 't qualify for a traditional bank loan or line
of credit. To understand why, you need to understand the main differences between bank loans and ABL– their different structures and the different
ways banks and asset–based lenders look at business lending.
Cash Flow vs. Balance Sheet Lending
Banks lend money based on cash flow, looking primarily at a business ' income statement to determine if it can generate sufficient cash flow in the
future to service the debt. In this way, banks lend primarily based on what a business has done financially in the past, using this to gauge what it can
realistically be expected to do in the future. It 's what we call "looking in the rearview mirror."
In contrast, commercial finance asset–based lenders look at a business ' balance sheet and assets – primarily, its accounts receivable and inventory. They
lend money based on the liquidity of the inventory and quality of the receivables, carefully

The Problem Of The Foreclosure Crisis
The burst of the housing bubble in 2006 left millions of homeowners helpless to inevitable foreclosure. Current lending practices make it difficult for
potential borrowers with tarnished credit histories (like foreclosure) to qualify for a loan. Since traditional sources of home financing are unavailable to
so many people, alternatives have begun to flourish in the economy to meet the demand of people wishing to purchase homes with less–than–perfect
credit histories. The primary options boomerang buyers have at their disposals to obtain home ownership again are: lease–to–own, seller–financing,
hard money, and sub–prime. Each of these paths toward home ownership comes with unique sets of benefits and costs. This paper will explore each.
It ... Show more content on Helpwriting.net ...
The implementation of Consumer Financial Protection Bureau (CFPB) regulations has removed a lot of the abuse that helped spur the housing crisis
of 2006. With increased oversight and regulation, borrowers can now safely navigate sub–prime lending options which usually come at a higher cost
than traditional mortgages. Typically these options are available to borrowers that have a large down payment, or equity position, which gives the
investor more security in their investment. These loans may also come with higher interest rates and additional origination charges or "points."
It may be difficult for many borrowers to seriously consider sub–prime lending options given their high cost and high capital requirements. Many
homeowners are dependent on low down payment options like FHA loans because they are unable to save enough for a twenty percent down payment.
This is the largest barrier to obtaining a sub–prime mortgage product. Also, because higher interest rates tend to mean higher monthly payments, there
are a lot of borrowers who are unable to qualify to make the monthly payment.
Many of the benefits to obtaining a sub–prime lending product are shared with the other options discussed below. First and foremost is the ability to
obtain amortgage and purchase a home when a conventional loan program is not an option. It is less common for loan programs to have prepayment
penalties after CFPB

Should Online Payday Lending Be Regulated?
Should Online Payday Lending Be More Closely Regulated?
Should Online Payday Lending Be More Closely Regulated?
Payday loans generate lots of controversy because they 're offered to people who have bad credit or limited credit histories, which makes them
high–risk borrowers. Traditional lenders seldom approve loans for these types of borrowers and never quickly enough when a cash emergency occurs.
Unfortunately, many of these same people don 't use payday loans as intended –– as short–term emergency loans just until their next paydays –– so
they become trapped in a cycle of debt. Well–meaning consumer activists, politically motivated legislators and establishment figures from the
traditional banking industry band together to push for reforms to regulate payday and other short–term loans more closely.
Both sides of the controversy make some valid points, according to an LA Times article. Some short–term lenders do use deceptive advertising and
target financially unsophisticated borrowers to trap them in debt cycles where interest rates average annual percentage rates of 400 percent or more.
Of course, traditional lenders also target people who have the best credit and offer them introductory deals on credit cards. Check any middle–class
group in the United States, and the chances are that most of these families juggle a mountain of debt for mortgages, credit cards, car loans and student
educational loans. Even though these loans carry lower interest rates, they can be just

How to Solve the Foreclosure Crisis Essay
The solution to the Foreclosure Crisis is the implementation of continual, mandatory education classes that must be attended and passed, or penalties
will be applied to the homeowners. A little tough love from the lender and the government is necessary. Just as our parents follow through and continue
to teach us throughout our lives, so must the lenders and the government take the time to "sit" every homeowner down to make them learn and realize
that being a homeowner comes with big responsibilities. Whether people are just on the verge of purchasing their homes or their foot is already close
to stepping into the state of foreclosure, lenders and the government must take the time to really educate people about the responsibilities and ... Show
Had homeowners been educated of the fact that even though the trend of decreasing property values is inevitable, they would find that money is lost
only if they sold their houses during these trends. Through continual classes, they can be properly taught on the benefits of buckling down and riding
out the trend until property values start to rise again.
Another benefit to offering such classes is the potential for homeowners to have an advocate on their side. According to the Harris Interactive poll, fear
is the number one reaction that homeowners attested to when they were asked how they would feel if they were to face home foreclosure. However, if
the lenders or the government took the initiative to clarify to the homeowners that their goal is to help them understand the procedures and steps that
they can take to prevent foreclosure and be their beacon in helping them save their homes, it would drastically alleviate their fears of the lenders or the
government trying to take their homes away from them. By taking the time to explain to homeowners how it would benefit all of the parties if they all
worked together in keeping their homes, the homeowners, the lenders, and the government can proactively find solutions to prevent more foreclosures
from transpiring.
Having an advocate approach will further help homeowners who are at risk of foreclosure be more open minded to the lender's and government's
advances. By illustrating that they are working for the

The Unethical Traders Are Not The Only Factor For Causes...
The unethical traders are not the only factor to causes the financial crisis. They are playing an important role along with other factors and further
encourage the financial crisis to arise. The unethical traders exist in the asymmetric information problems, and their unethical activities cause the
asymmetric information problems even worse in the financial market. Once the asymmetric information problems is severe enough in those
factors, the financial market collapse. For the 6 main factors of causing the financial crisis are the followings: 1) Asset markets effects on balance
sheets; 2) Deterioration in financial institutions' balance sheets; 3) Banking crisis; 4) Increases in uncertainty; 5) Increases in interest rates; 6)
Government fiscal imbalances. For the first factor, asset markets effects on balance sheets; it explains how the assets in the financial market affect
the economy in four different aspects. In one hand, the stock market declines cause an increase in liabilities of borrowing firms and decrease in the
borrowing firms' net worth, which directly affect the firms' balance sheets. Once the borrowing firm's net worth decreases, in the lenders' point of
view, the collateral of the lending declines. However, in the borrowers' point of view, they have less to lose so they would like to take on risky
projects and bet on those projects will give them a higher return. As the result, the increase in adverse selection and moral hazard problems makes the
lenders are

Land, Stocks and Shares in the UK Essay
Land, Stocks and Shares in the UK
The UK is well known within the EU of having a high percentage of homeowners. With this, financial institutions have to cater for a widespread of
people in order to provide mortgages. As this will involve large amounts of money, lenders have to access the risk and take the necessary precautions.
These precautions tend to be taken in the form of a security. The two main forms of security that are generally taken are land, stocks and shares. Land
being the most common within the UK.
Firstly, we have to define what a mortgage is. A mortgage is simply a transaction whereby property, either land or personal property is given as a
security for the repayment for the ... Show more content on Helpwriting.net ...
The borrower might find it increasing difficult to persuade anyone to lend him money, on the basis that the rights of a second mortgagee would
be secondary to those of a first mortgagee. Secondly, by way of a charge by deed expressed to be by way of legal mortgage; this is governed by
s87 of the 1925 Act. Under the form of mortgage there is no conveyance of any estate in the property to the lender. The lender merely gets a charge
over the land giving him rights which attach to the property. The charge gives the lender rights over the property as if he had an interest in it. The
lender had the right to enforce covenants and he is able to create tenancies. This became the main way of creating mortgages and the demise was
rarely used. The main advantage of using the legal charge is that it is short and expressed in simple terms.
Finally, with the creation Post–Land Registration Act 2002, under s2391) a: – of the Land Registration Act 2002 the only way a mortgage of registered
land can be created is by registered charge. The law on the creation of mortgages will be substantially affected by the introduction of electronic
conveyance. This is because the mortgage will come into legal effect at the same time it is created. The present law allows a gap between creation of
the mortgage and it taking effect at law. Under the 2002 Act it will only take effect in law

Raising Capital For Any Startup
Raising capital for any startup in Nigeria is hard, and it is discouraging to invest in a business idea that is not easy for some entrepreneurs.
Applying for secured personal loan or even a loan without collateral is not promising to anyone too.
So, if you are looking for a business loan without collateral, you have to understand that getting a small business loan without collateral is certainly
tough in today's economy.
That's why you find a lot of searches on internet about "how to get loan without collateral" and it is commonly asked by many people from all parts of
the country.
When you visit a forum like Nairaland where entrepreneurs meet often to discuss about cash loan without collateral, you 'll find discussions threads
talking about start up business loans, simply because their businesses are either established through a loan or personal investment.
There is no doubt that it 's difficult to find money to start a brand new business. In fact, as mentioned earlier, this is one tough hurdle you have to
cross if you are business owner and you're trying to raise a startup capital.
There are many problems confronting entrepreneurs, though, the main one is how you can raise venture capital. If you have an excellent idea, the only
thing that could hold you up putting that idea into reality is how you can finance such idea and get started with angel investors.
Almost everyone in business today has one story or another to tell regarding how difficult it turned out for the

Argumentative Essay On Payday Loans
Paying back is hard
There is a guy that is going down the sidewalk thinking wat to do with his payment of his car but he also needs money to pay his rent of his
apartment ,he falls back with his payment and he doesn't get paid enough to pay back the payments that he needs. People are in depth with loans
because they can't pay them back in time witch how much they borrow there is a percentage that they add on your due date but when it passes they
would charge you more than you actually payed. Payday loans are very useful to pay a car, house or rent, but hard to pay back and they shouldn't have
payday loans because they are hard to pay back, people are desperate for money, and payday lenders are taking money out of your pocket to pay them
back. ... Show more content on Helpwriting.net ...
Americans who need a short term loan to repair a car, fly quickly to a stick relative beside or catch up on child care payments even find themselves
going to payday lenders ether online or trough one of the thousands of payday lending store fronts. (Wherry) using online is a way to pay or catch
up with your due date of the payment that you owe. Having someone that can help you with a payment is a payday lender that can help you with a
car payment also paying your rent or buying food or also buying a new sofa. Nationally borrowers spend roughly 8.7 billion per year on payday
loans fees and what might start as a 500 lifetime can become a heavily burden. (Wherry) having a borrower that lend you a loan can be easy but it's
time to payback that is when it became complicated. Also having a fee is very complicated because they pressure you to pay back when you miss your
due date. Annual interest rates for payday loans typically run between 391 and 351 percent a cording to the center for responsible lending and most
people who use them end up paying more in fees over the course of the year than they originally received credit. (Wherry) annual rates are very high
in percentage because of lending tem money and not paying back on the due date. Having these huge percentages are too much but when you borrow
more than you need the more you ending up paying than the last

Buying A Home Essay
Buying a home is a huge responsibility and must take a lot of careful consideration. Once the hard work is out of the way, the buyer finally gets the
home they have been wanting. Getting a mortgage is necessary when it comes to buying a house, because they are very expensive. Applying for a
mortgage means the buyer is agreeing to pay back the debt in full, with interest. Before applying, the buyer needs to know if they are capable of
paying back a mortgage. The article "Opening the Door to a Home of Your Own," from the Fannie Mae Foundation helps a person decide whether or
not they are ready to own a home. The buyer must insure themselves and the lender that they are ready to buy a home. To do this, there are many things
to take into consideration. ... Show more content on Helpwriting.net ...
The Fannie Mae Foundation explains that the buyer must have at least a portion of money set aside for these payments. If they cannot show proof to the
lender that they have this money, they have less of a chance of getting a mortgage approved. Also, a lender will look at a buyer's income and what they
are doing with the money. The Fannie Mae Foundation exclaims that the buyer's monthly housing costs and other long term debt should not add up to
be more than thirty–six percent of their total gross income. Now, the buyer should have an idea of whether they are ready to buy a home or not. If
the buyer has decided that they are ready to purchase a home, they need a copy of their credit report. The Fannie Mae Foundation says this is the
time to talk to a mortgage lender. To find a house, they can talk to a real estate agent. The process of finding a house, applying, evaluating, and
getting a mortgage approved will take some time. If the buyer decides that they are not ready to own a home, the Fannie Mae Foundation suggests that
they should work with a consumer credit consulter. This process may take a little longer, but it is still possible for them to buy a

How Open Houses Influence A Buyer 's Decision
Joey Pickle
Zorn
British Lit
12/10/2015
How Open Houses Influence a Buyer 's Decision In the world of the housing market, there are what we call real estate agents. They are the people
who find people their own dream home to live forever happily with no problems to come for their home hopefully. Well, what some people don 't
know is what it takes and how hard it is to make it into the real estate world. More and more people that venture into the market business have quit,
because they can 't afford it. While open houses are excellent on a buyer 's decision for any house, the most helpful way to really catch peoples eye
about an open house is a property website that is well created, but most listings on a Facebook page, or team up with other agents to help out as well
as they would want you to for them.
Rule number 1 in real estate is to start off part time. Starting off part time will ensure that no cash will be wasted into. If someone starts off full time
they will have to put all of their money into the gas, building, and property. Most people start part time because they can have another job in which
they can have money for real estate and some for them. If anyone was to start full time, they would put all of their money into it and have no money
for them after. Being smart with money in real estate is what generates more cash and the most important thing "experience". Experience in any job is
the key to success. Most jobs want people that feel comfortable

Assignment 1: Cliffedge Business Plan
1.0 Executive Summary
The purpose of this business plan is to raise $2,650,000 to launch the operations of CliffEdge Funding. CliffEdge Funding is a private hard money
lending company. The company is a California based business that will provide hard money loans (loans based on qualifying collateral of real
property) to real estate investors in the targeted market. This company was founded by Luther Rufus who has done due diligent research in identifying
a profitable market.
This business plan will summarize key aspects about the business, its operations, expected revenues, and need for funding.
Services and Product Description:
CliffEdge Funding provides hard money loans to real estate investors. Loans can be up to 75% LTV as long... Show more content on Helpwriting.net ...
Once capital has been acquired to fund the venture and profits are made, investors will receive cash flow payments quarterly and dividend yearly.
2.5 Exit Strategy
Once CliffEdge Funding is in a position to consider an exit strategy, Mr. Rufus will attempt to sell the company to a larger entity for a significant
price. The hard money lending and mortgage industry has a history of sustaining a modest risk profile once operations are established; Mr. Rufus
believes the Company could be sold for more than 6 times earnings. CliffEdge Funding's value will depend largely on the performance of the
outstanding of loans held by the company, the value of assets held by the company, and the forecasted economic environment for the lending industry.
3.0 Lending Operations
CliffEdge Funding will offer credit products to investors for residential loans. The funds and the title to credit loans will be placed in a Specialized
Lending Trust (SLT). This will allow multiple investors (CliffEdge Funding, borrower, private capital raised by borrower) to pool their money
together to prevent Escrow errors since Escrow only allows for a lump sum payment instead of multiple. The SLT will be managed by a trustee to track
each party's investment and prevent mixing

Building A Home Again After Foreclosure
Trying to own a home again after foreclosure can be scary, not only to the prospective applicant, but also to the creditor. We all know that bad things
happen to good people from losing a job due to a company relocation or an unexpected illness or accident that causes excessive absences. Fortunately,
there are people (ie: creditors, loan officers, etc.) that understand and will assist someone to regain home ownership. Now, a little about me before I go
any further into this subject. I am Deborah Valentine and currently, I am about to go into my last semester at Motlow State Community College in
Tullahoma, TN, in which I will have an Associate's Degree in Pre–Physical Therapy, May, 2015. I plan to transfer to either Chattanooga State... Show
If a job was lost due to lack of work, sudden illness or accident, job relocation (company moved out of the country), or company closed, some
creditors or loan officers may be able to work on your behalf to get you back into home ownership. There are current homeowners that may have had
their house on the market longer than they would have wanted and they may offer to finance the amount of the loan for a potential serious buyer.
Second, build a nest egg or cushion that will have at least six months of living expenses in it. This will show stability to a potential loan officer in
case of another possible job loss and tells the loan officer that you are serious about owning a home again. The third rule is the most time consuming,
which is raising your credit score. House Logic states to be diligent in this endeavor. Usually a credit score falls at least 150 points when there is a
foreclosure. This is detrimental to a credit score, but can be regained with hard work and money management skills improving. It is recommended that
a person with a foreclosure in their credit history needs to schedule an appointment with a housing counselor. Those that seek education on money
management and budgeting will typically raise their borrowing power by $4,500 per family.(House). Number four says you can shorten the waiting
timeon applying for a mortgage after foreclosure if extenuating circumstances are proven. These can include divorce, job loss

Designing A New Construction Loan Essay
If you are thinking about starting your own business you may also be considering building from scratch. When it comes to building your own
business you really do have a lot of options available to you. Most people will get a loan in order to cover the cost of building the new business. Since
you are not building a home a regular mortgage will not be an option for you in this case. You will basically want to look into a new constructionloan.
New construction loans are basically short term loans that will help you to build your business literally from the ground up. You should keep in mind
that these types of loans do carry a very high interest rebate, although in some cases you may be able to get a good deal which would lower the
interest rate for. One thing that some people fail to take into consideration is the fact that you will have to make some payments during the
construction phase. Some people fail to do their research and find this out the hard way. So don 't think that once your business is up and running
then you will have to start payments. You will have to start making the payments even before the materials for your building arrive. One thing that
you will want to avoid is getting a new construction loan online. Of course by doing this you will be making the process easier, but you will not have
the opportunity to ask as many questions as you should. Remember building your own business is a big step so you want to make sure that you are
clear on everything

Advantages And Disadvantages Of Hard Money Loans
Top 5 Mistakes to Avoid When Choosing a Hard Money Lender
Over the years, hard money loans have become immensely popular among business owners and real estate investors. Also known as equity–based or
private money loans, hard money loans are a specific type of asset–based loans. Moreover, getting a hard money loan can prove to be extremely
beneficial to people of investing skill levels, if they find the right lender and investment, at the right time. However, while you can find a plethora of
companies offering hard money loans in Maryland, choosing the right one is not easy as it sounds.
Not to mention, you have to take into account a number of factors before making the final decision. Nonetheless, selecting the right hard money lender
is vital, taking into account the fact that hard money loans have numerous advantages compared to conventional loans such as simpler application
process, faster and easier to access money among many others. Besides, hard money loans can help you make a fortune in real estate investing and
whether you are just starting out or have years of experience in investing, you can definitely take advantage of the enormous leverage these loans
provide. Without any prepayment penalty, this loan has become one of the most reliable and profitable solutions for the needy. Add to that, hard
money loans are not only limited to the purchase of real estate but can also be used for the repair of distressed property. Furthermore, for finding the
best hard money

Microfinance Is The Best Option Help People Out Of Poverty
Microfinance is grown to one of the biggest areas in fighting again poverty, it can be discussed, if microcredits are the best option to help people out
of poverty. In the past it was almost impossible for the poor population of the world to get a loan with acceptable conditions. Banks would not lend to
the poor, because the risk of losing the money was too high for them, which meant poor people in Africa had no chance of getting aloan from big
banks. The so called "money lenders" would take advantage of this situation, and give the poor an opportunity to receive a loan. The "money lenders"
were not trying to help the poor, they just wanted to earn money, thinking on their own personal benefit. That's why their loans have insane conditions
with interest payments of a couple hundred percent. If someone could not pay back the loan in time, they would take everything from the customers,
and maybe even kill them. This was the only opportunity for poor people to get a loan until microfinance was born. Another problem is, that women
have been excluded from the banking system in general in some regions of the world, because that was nothing women would do in their culture. In
most cultures it was implemented, that women are staying at home, taking care of the house, children, and food. Men would go to work and earn the
money for the family needed for the cost of living. It would also be more complicated for women to get a loan, because they traditionally work less
than men, and

The American Dream Of Homeownership
For many years, the idea that ones' home being the largest investment was said as a complete sentence when in fact, it was only an incomplete sentence.
Any duly licensed financial planner would finish that sentence by saying all investments are subject to market conditions, the value that investment
could increase or decrease and other similar cautionary statements that their attorneys wrote to protect them. The American public only heard that their
home was the largest investment and had never experienced, nor had their parents seen the value of their personal homes drop like they did in the
past few years. They had never experienced the financial pain and although only a few years have passed, many have forgotten and are ready to... Show
While rent to own went widely unregulated on a national level for many years, Washington D.C. bureaucrats have created additional agencies with
broad authority and additional oversight to protect consumers. The Consumer Financial Protection Bureau, commonly referred to as the CFPB, has
placed fear in some while others haven't felt the wrath of this agency just yet. Their website is http://www.consumerfinance.gov/ . The CFPB deals with
a much more than just foreclosures. In fact, they are defining what a qualified mortgage is and who should be considered a predatory lender. Many
didn't fear them at first but now, have stepped back and are examining their business practices and most expect changes in the coming days.
Although The Dodd Frank Wall Street Reform and Consumer Protection Act was passed and signed into law in 2010, it only went into effect on
January 10, 2014. It's raised a number of compliance issued for those in the lending industry as well as landlords doing owner financing. The CFPB
has issued the definition of Qualified Mortgage. This type of loan is what some will say lead to the housing bust we experienced over the past few years.
Today, loans cannot be written that are interest only. Loan payments must include a principal payment along with the interest payment. Negative
amortization, which allow your loan

Fannie Mae
Table of Contents
Introduction.....................................................................................................3
History...........................................................................................................3
Business Method and Philosophy...........................................................................4
Corporate Growth and Diversity............................................................................6
Conclusion......................................................................................................7
References......................................................................................................8
Figure Chart 1................................................................................................10 Fannie Mae Fannie Mae is a leading mortgage company and one of the
most financially successful businesses within its industry. Given the salient features of the organization that has culminated into its current standing,
this report offers a brief but concise overview of the corporation. The organization began as a part of Roosevelt's New Deal, a program ... Show more
content on Helpwriting.net ...
A community credit union is a financial cooperative operating to lend money to its members. The constituents of a mutual organization put money into
a collective, where it may then be disbursed to members in need of loans, at agreeable rates and with good terms. By eliminating the need to turn a
profit, mutual organizations are able to give lower rates on loans than traditional banking organizations. The sub–prime lenders are considered, in some
instances, as a last resort since they tend to give loans to people with a very low credit scores or an otherwise extremely high risk of default. This
type of lender offers loans at exorbitant interest rates as a way of covering losses from the high default rate they experience with their borrowers.
Fannie Mae does not hold onto all of the purchased mortgages. It will take the individual loans and package them up with hundreds of others and
market them as mortgage–backed securities (MBS) that it then sells to investors (for example, insurance companies, pension funds). Fannie Mae
provides a guarantee to these investors that they will receive timely principal and interest payments, no matter what happens with the underlying
mortgages. If there are large numbers of defaults, Fannie Mae will have to make the investors whole, utilizing tax dollars. Investors can also buy shares

Why I Was The Teacher Unhappy?
My middle daughter came home in the 9th grade, crying because her teacher was unhappy with her. Why was the teacher unhappy? Because my
14–year–old daughter did not know what she what she planned to major in when she went to college. What the heck? I was (at the time) 38–years–old
and didn 't know what I wanted to do with the rest of my life. How on earth is a 14–year–old supposed to know that? Three years later she came home
angry (progress, I think) because her counselor was pushing her towards a $38,000 a year college, rather than the $11,000 a year college that she had
chosen. Because she felt that her counselor was not terribly bright, she did the math for him. The $38,000 a year college had offered her an $18,000 a
year scholarship,... Show more content on Helpwriting.net ...
We made too much money to qualify for any sort of help– such as college grants – but way too little money to pay for three kids to go to college. And
I do not believe that any parent should be paying their children 's college debts until they are ready to retire. How the heck is that an investment for us?
Anyway – back to my daughter 's venting. "You can 't believe how many of my friends are jumping into these high–dollar schools! And their parents
aren 't any better off than you and dad! How the heck are they going to pay for that? Do they know something that I don 't?" So here 's the thing. My
daughter – much like her older sister, and her younger sister to follow – would have dearly loved to attend one of the more expensive colleges. Lovely
campuses, smaller class sizes – and they could have lived in the dorms, rather than commuting to save some money. I could not, in all good conscience,
encourage this. That money, the seemingly magical student loan, has to be repaid. I do not know why so many children and their parents alike do not
seem to grasp that concept. So now daughter #1 is 23. She, much like her younger sister, kept her student debt to an absolute dull roar. Most of her
friends, on the other hand, did not. And now she 's seeing the benefit. Her friends are crying the 'how the heck am I supposed to pay all that back? '
blues. Their four–year degrees, in many instances, do not

Fast Payday Loan
There needs to be additional help for people who fall to a fast payday loan online in order to put food on the table. Direct lenders do not ask what the
loan is for; the quick cash opportunity is a loan of discretion. No one is going to ask why or what the money is for. If you meet the qualification
guidelines, that is enough to get an approved loan.
It isn't always about not having a job. Low–income workers do have a monthly income but are not capable of living within their means. State and
county aid programs offer some relief, but this help is not always enough to make it work. There are many who work very hard to make ends meet
where there are others who spend carelessly and realize their wrong when there is not enough food to feed their families. A quick online payday loan
transaction will buy enough groceries to get by to the next paycheck, but what happens after that?
Maybe there needs to be some budget assistance which comes with government help. Show that the money or food assistance is being to make
finances work. There will always be arguments on either side of the fence as to regulation of assistance. In the meantime, people who look to these
direct payday loan lenders for ... Show more content on Helpwriting.net ...
Direct lenders do not favor one or the other. They favor applicants who have the income capable of handling the short–term debt. Since there is no
credit check, these lenders are unaware of what other bills you have and this factor can in turn cause problems for both borrower and lender. As
easy as it is to blame a direct payday loan lender for taking advantage of the vulnerable, the borrower must also be blamed for not accepting a
rejection from a responsible lender. If you keep trying, eventually you will find a predatory lender willing to accept your application. Think twice
before you run out of food money, maybe there are some other costs you can cut back on so you don't hurt your financial situation

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