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Do you sometimes feel like you’re not making progress on your debt? There’s probably a reason for that: A good chunk of each monthly payment goes toward interest. If you want to get off the debt treadmill, one strategy is to consolidate your credit cards into a single payment. Personal loan companies can help you lower your interest rate, ensuring more of your monthly payment goes toward reducing your principal. You get out of debt faster and save money doing it. Best personal loan companies to help you pay off debt As you research debt consolidation companies, it’s important to look at the terms and determine what will work best for you. “You’ll have more choices for favorable loan terms when you have good credit and income,” said Tom Drake, a financial analyst and the founder of  MapleMoney . “You’ll have a better chance at the lowest interest rate when you prove that you aren’t a default risk.” Here are seven personal loan companies that offer favorable rates for well

Oftentimes people have no idea they are about to be sued when they learn that they have a student loan debt lawsuit filed against them. Receiving the actual lawsuit can be very intimidating. The attorney (or team of attorneys) for your student loan lender is well versed in debt collection laws. Once a suit is filed against you, it is rare for the problem to just simply disappear. Your best defense in winning a private student loan lawsuit is to be well informed, whether that is through educating yourself or hiring a debt relief attorney to fight back and possibly save you thousands of dollars. And, as I will explain further, you can also try to settle your student debt lawsuit before it goes to trial. If you do decide to handle your student loan lawsuit on your own, you need to be aware of how the process works: File a proper response to the lawsuit.  The first notice you receive about a  student loan debt  collection lawsuit is likely to be the “Summons and Complaint,” which o

It is understandable to feel overwhelmed by student debt – you certainly aren’t the only person. Total student debt in the United States is upwards of $1 trillion, only second behind mortgage debt, so it’s easy to see why so many people feel overwhelmed when dealing with their student debt. Dealing with student debt makes other things in life that much tougher, especially getting financing for other purchases such as a mortgage. Feeling like there is no end to your student debt and have no idea what to do? Then follow these 5 tips: 1. Work Out Total Debt Like with any type of debt, it’s important to take stock of how much you owe. Most students have debt from various sources accumulated after each year of college, so it’s easy to get lost in all the numbers. It may feel daunting but sit down and work out how much your debt totals, after which you can begin to formalize a strategy for paying it back. This process is difficult as it can feel stressful to see how much you owe

Tips for Borrowers Negotiating a Loan: Part 5 Closing Documents Banking and Finance, Business Transactions & Corporate Governance Clint M. Hanni Loan transactions are document intensive. When the agreements have all been drafted and agreed, it’s time for the lender and borrower to sign the documents and fund the loan. Closings can be easy or hard. Here are some tips to make them as smooth as possible.  1.  Authorizing resolutions . After the main transaction documents are complete, there may remain other documents to be drafted, agreed and signed. For example, the lender wants assurance that the borrower’s board of directors has authorized the loan. To that end, the lender may provide its own form of board resolution for the borrower. It can take time to organize a meeting or pass around resolutions for signatures. Borrowers should plan to remain involved and put in extra time even after the documents are finalized. 2.  Closing certificates.  Most loans in excess of

Project Overview:    you one of the 43 million Americans with student loan debt? Do you know others affected by student loan debt? Would you like to get rid of this burden quickly and efficiently? If you answered yes to any of those questions, you are not alone and this project is for you! This project consists of an interactive e-reader friendly book called  BYE Student Debt  that outlines a simple and easy to follow action plan to eliminate your student loan debt, no matter what the circumstances. The book is linked to an interactive online website ( http://student.byeloandebt.com/ ) which will consist of tools and educational materials designed to assist with the action plan outlined in the book. Together, this interactive website and book will give you the tools to say BYE to your student loan debt!   Of the students in advanced or secondary degrees, like doctors, more than half have over $100,000 in student loan debt and more than 30% have over $200,000 in debt!

There are other business loan options available in Canada for small businesses. In our last post we explored the different kinds of small business loans in Canada. To recap briefly, there are 3 types of commercial lenders providing loans to businesses: Canadian government Commercial banks Online lenders The Scenario (a common one):  the bank denied your application for a small business loan, so what are your options? Online lenders like Evolocity are part of an emerging sector in the financial marketplace called  FinTech .  Our growing propensity to have access to services online, and more importantly on our mobile devices has caused tangible shift across a multitude of industries, including finance. Couple that with increased lending restrictions faced by many small businesses and it’s not hard to see why Fintech lenders are gaining widespread  momentum . Does Evolocity provide  small business loans in Canada ? Yes, we do. We offer both the traditional Small Bu