Unbanked Financial Service Innovation: Public and Private Initiatives

June 11th, 2011 by Bank Loan | No Comments | Filed in News

(PRWEB) July 18, 2005

Financial DNA, LLC’s Sept 14th Conference on Unbanked Financial Service Innovation is designed for investors, industry officials, bankers, card association members and public officials interested in how technological change and innovation is driving down prices and increasing availability of financial services for the unbanked and underbanked consumer segments.

It brings together a representative cross section of technology innovators, service providers, public officials and consultants all of whom are helping reshape the financial service landscape for lower income classes.

Major Topics


???? Automated kiosks: Will the unbanked community bite?

???? Money Remittance: Major changes afoot in pricing and delivery

???? Pawnshop and PayDay Lending: Critical distribution points to the unbanked community

???? Prepaid Card Services: The touchpoint of unbanked financial services

???? Remittance Processing: Why fee structures are falling and who might displace the giants of industry?

Speaker Participants

???????? * Dr Manuel Orozco, Remittances and Rural Development Program

???????? * American Cash Exchange

???????? * C-Sam

???????? * Celent

???????? * Dollar Financial

???????? * Euronet

???????? * Fair Isaac

???????? * Federal Reserve Bank – International Remittance Division

???????? * IDT

???????? * InfoTouch

???????? * In Person Payments: IPP

???????? * NextEstate

???????? * Net Spend

???????? * No Borders

???????? * PayPal

???????? * PayQuik

???????? * Skylight Financial

???????? * Source Technologies

???????? * SVC FInancial

???????? * Unicache

???????? * Wildcard Systems

???????? * Many More!

See http://www.financialdna.com to learn more

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CU Student Lending, LLC Unveils New Private Student Loan with Zero Origination Fees

May 26th, 2011 by Bank Loan | No Comments | Filed in Loans

CU Student Lending, LLC Unveils New Private Student Loan with Zero Origination Fees










Clark, NJ (PRWEB) May 18, 2011

CU Student Lending, LLC, a credit union service organization (CUSO) that developed and manages the cuStudentLoans private student loan program, today announced the launch of its 2011 EdAccess Private Student Loan that features zero origination fees to the borrower.

The new loan product, which debuted officially on May 1st, will be available to all qualified student borrowers for the 2011-2012 academic year. The CUSO’s decision to remove the origination fee comes at a time when student borrowers are faced with escalating tuition costs nationwide, creating a widening funding gap in order to finance their education.

“Providing credit union members and their families a private student loan product with zero origination fees, especially during a time with dramatic increases in tuition costs, is something that is extremely important to us,” said Tom O’Shea, Chairman of CU Student Lending, LLC. “This is just another borrower benefit that makes the cuStudentLoans program, and in particular the EdAccess Private Student Loan, among the best in the industry for students seeking assistance in their education financing.”

The cuStudentLoans program, which currently serves more than 100 participating credit unions, uses common underwriting and pricing in its EdAccess Private Student Loan.

About CU Student Lending, LLC

CU Student Lending, LLC is a leading network of credit unions offering private student lending options to students and families nationwide. Formed in 2010, CU Student Lending, LLC is comprised of over 100 progressive credit unions that built a member-responsive private student loan program using a common underwriting and pricing platform. The program, which consists of both the EdAccess Private Student Loan and EdSucceed Private Student Loan Consolidation, includes loan participations to enhance and mitigate risk.

Media Contact

Thomas J. O’Shea, Chairman

CU Student Lending, LLC

Thomas.oshea(at)aspirefcu(dot)org

732-388-0477 ext 8117

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Fundthatdeal.com — A New Site Offering Up to 100% Private Funding for Real Estate

May 14th, 2011 by Bank Loan | No Comments | Filed in Loans

Fundthatdeal.com — A New Site Offering Up to 100% Private Funding for Real Estate











fundthatdeal.com


(PRWEB) March 10, 2011

fundthatdeal.com was created to bring together two sets of people. On one side are private investors who are disillusioned with the low rates of return their money is achieving and the current volatility of the stock markets. On the other side are people who make it their business to identify the best residential and commercial real estate deals in the market but struggle to borrow money from banks and mortgage companies.

“We help create great partnerships.” said Austin Awadzi, CEO of fundthatdeal.com “Real estate entrepreneurs find the best property deals in the market, and then private investors make secured investments on those deals. This keeps the real estate inventory moving – it’s a win-win situation!”

Generally, private investors take a more holistic view than banks and mortgage companies when assessing loan requests. They don’t base their decision purely on an individual’s credit rating. This coupled with the fact that some investors will lend up to and above 100% of the value of the property often makes them a preferred option to institutional lenders.

fundthatdeal.com is very simple to use. Real estate entrepreneurs provide basic information on their deal, and then pay a fixed fee to publish it to the network of private investors. Investors receive email alerts when new proposals matching their requirements are submitted. The investors then connect to the entrepreneurs to fund suitable deals. Fundthatdeal.com earns a 1% success fee on the amount that is loaned or funded on each deal. So everyone has an interest to get deals funded!

Fundthatdeal.com aims to become the global “go-to” site for anyone looking to finance their real estate deal and for investors looking for an alternative channel to generate returns on their money.

About Fundthatdeal.com

Fundthatdeal.com is a new innovative platform that connects private investors to real estate entrepreneurs so that deals get funded.

The entrepreneurs pay a fixed fee to publish their deals on the site. Investors register on the site for free and connect with the entrepreneurs whose deals interest them. When a deal is successfully funded by one of the registered investors, the entrepreneurs pay fundthatdeal.com a success fee of 1% of the amount loaned or invested.

A brief overview of the business concept can be found on the video on the website’s homepage – http://www.fundthatdeal.com

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Private Student Loans Bad Credit, your score notwithstanding

April 28th, 2011 by Bank Loan | No Comments | Filed in Loans

Private Student Loans Bad Credit, your score notwithstanding

Article by Private Student Loans With No Credit Check Are Best Option For You

Thankfully students can now be able to avail loans without having their credit score being checked if they applied for a private student loans bad credit. Their bad credit score or a poor credit standing is no longer a hindrance to being availed with money the student may requires. Previously, it was quite difficult for a student to apply and be availed with a loan amount irrespective of their credit standing. It was especially difficult for student whose credit score was red flagged, meaning they had already had too many loans which they were not servicing. However, nowadays every thing has charged. Although some private lenders may refuse to advance a student with a loan because of their poor credit scores, the federal government loans don’t use the student’s credit score report to avail the student with a loan amount. This means that having bad credit issues, and other financial issues do not exclude a student for qualifying for a loan.

There are numerous types of public and private student loans bad credit that don’t require a credit check for them to be availed to the loan applicants. These includes, Stafford and Perkins federal loans, Pell grants, school based loans, Private grants, and government or private grants that are offered outside the standard loan programs. Students that want to apply for these loans, good or bad credit history in their sleeves can apply and be availed with these types of a loan product. Normally, there is no checking of the applicant’s credit history.

To increase the chances of being availed with the loan amounts needed, the applicant should ask a co-signer to assist in signing up of the loan product. Even though this is not compulsory, the good credit standing of the co-signer determines the amount of money that can be availed by the lender without compromising on their lending capabilities. The better the credit score, the more a borrower can be advanced with and the opposite is true. Before taking out the private student loans bad credit, the borrower should ensure that they read the fine points as laid down by the lender to the letter, otherwise they may fail to notice a hidden condition that increase the cost of the loan to unmanageable levels in the long run.

The biggest issue on returning mature students is that they could have mismanaged their earlier private loan provisions, thus they find it hard to be availed with the money they requires. If you are a student and wants to be availed with private student’s loans bad credit, first of all work with a financial consultant or an expert professional credit counselor to ensure your credit issues have been settled. This means clearing the secured credit cards bills that shows up in your monthly or periodic statements. It also means consolidation all your outstanding students’ loans into one, solving bad credit issues.

About the Author

Harry Taker is an author for this article. For more information about student loans no credit check,Private Student Loans bad Credit visit http://www.studentloansdebtconsolidation.net

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Private Student Loans Help Fight Rising 2009 Tuition

April 23rd, 2011 by Bank Loan | No Comments | Filed in Loans

Private Student Loans Help Fight Rising 2009 Tuition











Quincy, MA (PRWEB) December 23, 2008

Do you have an extra $ 1,700 to spare? That’s the question some colleges are asking students, parents, and families with projected 5-9% tuition increases in 2009, and more families facing tighter budgets will need to investigate private student loans just to keep up.

“Private student loans have a more important role to fill in the financial aid process than ever before,” said Jonathan Rudy, Director of Lending at Student Loan Network, a Boston-based student loan company. “Families should still explore all scholarship and Federal aid options before considering private student loans, but with tuition increases coming in between 5-9% just for next year and 4-year private colleges averaging $ 25,143 per year this year, private student loans may be the only way for some students to keep up with the cost of college.” (1)

Student Loan Network recently launched a new website, PrivateStudentLoans.com, dedicated to helping potential borrowers and parents understand the different types of private student loans and how they compare to other funding options. “PrivateStudentLoans.com is our way of offering the latest information and fair comparisons of the different funding options available for families to make informed decisions,” said Rudy.

In addition to maintaining access to private student loans throughout these challenging times, Student Loan Network offers private loans aimed to increase affordability for families by providing a 2% balance reduction at graduation. Students will need a cosigner to apply for the loan; to ensure that students’ best interests are protected, school approval of the loan will be required so that students do not over borrow.

For more information and to apply for the loan, visit:

http://www.privatestudentloans.com

Contact Jonathan Rudy at 617-328-1565 for more information.

About Student Loan Network

The Student Loan Network, an Edvisors company, is one of the nation’s fastest growing providers of student loans and related information. Since 1998, we have helped approximately 25 million students and parents access over $ 1 billion in federal and private student loans, scholarships and consolidation funding for undergraduate, graduate and continuing education. Learn more about the Student Loan Network at http://www.StudentLoanNetwork.com.

[1] University of Maryland, Sault St. Marie College, UT, and College Board 2008-2009 tuition survey

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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New Tools Help Families Find Private Student Loans, Estimate Financial Aid

February 5th, 2011 by Bank Loan | No Comments | Filed in Loans

New Tools Help Families Find Private Student Loans, Estimate Financial Aid

Determining the cost of attending college is about to get easier. Thanks in part to federal legislation passed in 2008, students will soon have access to a new set of online tools that can help them determine how well they can afford the college of their choice. Additionally, these tools can help students calculate their estimated financial aid package, the cost of their student loans, the need for private student loans, and where to find private student loan providers.

Helping Students Shop for the Best Private Student Loans

Colleges in 12 states have joined forces with Overture Technologies to create an online search tool for locating private student loans. Private colleges in Alabama, California, Indiana, Kentucky, Maryland, Michigan, Mississippi, New York, Ohio, Oregon, Pennsylvania, and Tennessee developed the Student Loan Marketplace website as a way to help students locate college loans and compare student loan costs without having to submit multiple loan applications that may lower their credit score.

When students apply for multiple private student loans as they comparison shop for the best student loan deal, each loan application is a “ding” on their credit report, since each application is counted as a credit inquiry in response to the student’s request to receive credit. Multiple requests to receive credit within a short timeframe could substantially drop a student’s credit score in the immediate term.

Currently, the Student Loan Marketplace works with about 10 student loan companies that issue private student loans. In addition, the site provides more general information on student loans, including the federal student loan application process, lists of resources that provide national student loan data, links to the College Board, links to the Department of Education, and links to student loan information and advocacy projects.

Estimating Financial Aid to Calculate the Cost of College

The College Board is also getting into the act with its recently announced new tool called the Net Price Calculator. Like the Student Loan Marketplace, the goal of the Net Price Calculator is to make the cost of college loans more transparent to students and their families. The Net Price Calculator makes quick calculations that estimate a family’s eligibility for federal financial aid — federal student loans and grants — and assesses the need for other financial resources like scholarships, savings, and private student loans before a student applies for admission to a particular institution.

By enabling students to compare the overall cost of college and see how government grants and student loans are likely to be awarded, the College Board is opening the door for students and their families to make more informed decisions about which colleges and universities they can afford, given their unique financial situations. Families can also better assess the need for supplemental financial assistance like scholarships and private student loans.

The Net Price Calculator is an online tool hosted by the College Board but can be integrated into the websites of participating colleges and universities. Currently, about 20 pilot institutions are testing the calculator and providing final feedback. The College Board expects its Net Price Calculator to be fully available to interested schools by October, ahead of the 2011–12 application period for student loans and financial aid.

The Net Price Calculator requires the student to enter some family financial data, which is kept confidential. The system then makes calculations based on the College Board’s Institutional Need Analysis System, a standard measure for estimating financial aid. The tool also takes into account financial aid award practices that are unique to each participating school. Institutions that subscribe to the service can also customize the calculator to offer custom messages and additional information about school programs, campus tours, and application requirements.

The Net Price Calculator was developed in part to meet the requirements of the Higher Education Opportunity Act (HEOA) of 2008, which requires colleges and universities to provide prospective applicants with tools that combine actual institutional costs with student and family financial data to estimate the “true” cost of attendance. Higher education institutions are required to comply with the provisions of the HEOA by October 29, 2011.

Jeff Mictabor is an enthusiast on the topic of student loan issues in the news. He has been writing for the past 10 years for a variety of education publications. He now offers his writing services on a freelance basis.


Article from articlesbase.com

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StudentFirst now Offers Private Student Loans to Undergraduates and Graduates

January 25th, 2011 by Bank Loan | No Comments | Filed in Loans

Los Angeles, CA (PRWEB) August 26, 2007

StudentFirst commenced origination of private student loans for undergraduate and graduate students. StudentFirst’s alternative education loans can cover up to 100% of the cost of education. The loans are tailored specifically for undergraduate and graduate students. It is hoped that the availability of these loans will greater the chance a student has of getting financial aid.

The advantages of a StudentFirst private loan include low rates, no payments while enrolled in school, and the ability to pay for education-related expenses incurred up to 6 months in the past. It is expected that college costs will increase, making student loans more likely a form of payment. The availability of private student loans offers an alternative for students.

Students can opt to roll any loan origination fees into the total loan amount to get a loan with no out-of-pocket expenses. The loans also include a 6-month grace period after graduation, and offer other borrower benefits such as interest rate reductions.

Students (or students with a qualified co borrower) may qualify for a StudentFirst private loan with their own credit, so there are no federal forms required. The company has also developed an online application process that renders an immediate credit decision so borrowers can quickly determine their status.

About StudentFirst

StudentFirst is a specialized student loan consolidation service that provides information and help for loan consolidation. Expanding the business, student loans are now available through StudentFirst. Soon, private student loan consolidation will also be available.

For more information on private student loans and loan consolidation, visit www.studentfirst.com.

Contact:

Logan Landers

StudentFirst

loganl(at)studentfirst.com

(818) 995-7645

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Consolidating Private Student Loans with Bad Credit History

December 15th, 2010 by Bank Loan | No Comments | Filed in Loans

Consolidating Private Student Loans with Bad Credit History

In general, a student is not allowed to get a private education loan if he hasn’t maxed out the Federal Stafford Loan yet, either a Stafford Loan or a Perkins Loans. However, since college fees are getting higher, the need to obtain loans by students is also rising. As a result, students become helpless over multiple loans even before graduating.

Why do student opt to consolidate their private student loans?

Many students decide to consolidate their private student loans, primarily because these are likely to have higher interest rates, shorter payback periods, and is deficient in security compared to federal loans.

Private student loan consolidation

Fortunately, there are available solutions to fix such adversity. Students may opt to consolidate their loans. Private student loan consolidation is a great way to notably lower your periodic payments by combining all your private student loans into one manageable loan. The main advantage of consolidating private loans is obtaining a single periodic payment to one lender.

However, students ought to know that private student loans cannot, in most cases, be consolidated with federal student loans. The low interest rates on federal consolidation loans are not available to private education loans. Furthermore, given that the financial institutions did grant your consolidation requests, automatically the term of the loan changes, it will surely reduce the stress of multiple payments. On the other hand, it allows you to budget your finances more effectively.

Is it possible to consolidate private student loans even with bad credit history?

It is given fact that studying is difficult but adding the stress of managing your finances is a real headache. That is why many are faced with bad credit records because they are unable to make payments due to varying reasons. A bad credit student loan consolidation is a great way to help students manage their finances effectively. Bad credit is the term used whenever a student cannot repay his loans. In order to solve their debts, student loan consolidation is a good financing solution accessible to students. A student loan consolidation would greatly improve the student’s credit standing, thus making his loans easier to repay.

Although, bad credit loan consolidation is more expensive for the reason that the student’s bad credit history marked his credibility to make payments and what creditors do is to increase the interest rates for that person. Nonetheless, it is still a great choice considering the repayment terms are convenient and stress free.

Before you consolidate your private student loans…

Choose only the best financing institution that will handle your private student loan consolidation. It is best that you know what type of loans you have and how much money you owe before you see these firms. Government lenders may offer the best repayment terms and interest rates, but may only allow you to consolidate federal loans and not private loans. So, before you actually make your mind up on student loan consolidation, you should equipped yourself with the right information on the terms and conditions that will apply, should you wish to continue with consolidation. A piece of advice: Plan first before you act!

Do you need assistance with student financial aid and student loans application? Learn more about if this financial solution is for you and visit us online.


Article from articlesbase.com

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Java Distribution, Inc. Announces Partnership with Filmmaker David Lynch to Distribute Private Label Organic Coffee

October 19th, 2010 by Bank Loan | No Comments | Filed in News

Java Distribution, Inc. Announces Partnership with Filmmaker David Lynch to Distribute Private Label Organic Coffee












Java Distribution


Boulder, CO (PRWEB) October 19, 2010

Java Distribution, Inc. announces their partnership with Filmmaker David Lynch to bring David Lynch Signature Cup Coffees, his private label organic coffee, to theatres, fans and those seeking good organic coffee nationwide. Java Distribution represents Allegro Coffee Company, which will be producing this line of coffees for Lynch.

The announcement of this partnership comes on the heels of the Allegro Kenya Grand Cru named the #1 Kenya in the September 2010 issue of Consumer Reports. It was also lauded as the only excellent Kenyan available.

“We have a passion for serving the customer well and developing long term relationships with them,” points out Holly McGee, who owns Java Distribution with her husband, Scott. “We’re here for the long haul and look forward to accumulating new coffee friends across the country.”

Java Distribution is the national distributor for Allegro Coffee Company, serving corporate customers and through the website, individuals who want in-home delivery of specialty coffee. A section of the website will now be dedicated to offering the David Lynch coffees.

“This is a great service for those who want home delivery of coffee—specialty coffee, premium brands—and don’t live near a Whole Foods Market or specialty grocer who carries them,” states McGee. “We’re fortunate to have a winning formula: serving the customer in a ‘small business way’ and representing a coffee line that consistently delivers.”

Businesses that wish to provide quality coffee for their employees, patrons, and partners turn to Java Distribution for value pricing of these specialty coffees, delivered with excellent service. Individuals that want the same caliber of coffee for their homes can make full use of the Java Distribution website and have home delivery of great coffee along with the comfort of secure online ordering. Customers outside of Colorado can also avoid sales tax with online orders.

“Many coffee drinkers first experience Allegro Coffee at a Whole Foods Market. But, often, customers may move to an area that has no specialty market or their favorite Allegro brand is no longer offered at the retail outlet. Their selection can also be limited. That’s where we come in!” explains McGee. “These customers can simply turn to the Java website and see the complete list of offerings and keep a steady supply on hand.”

To learn more about the David Lynch Signature Cup Coffees or to purchase a favorite Allegro Coffee selection, visit the Java Distribution website.

About Java Distribution, Inc:

Java Distribution opened for business in 1992 with Scott McGee at the helm. After working as an accountant, he decided that he wanted to start his own business. Holly McGee, his wife, supported the idea but continued to work outside of Java Distribution while Scott built the business. In the beginning, the new company operated as an office coffee service and wholesale coffee distributor to the Boulder/Denver metro area. After Java Distribution had grown to a profitable level, Holly was able to join Scott and the staff at the thriving company. Her marketing background has been a successful complement to Scott’s finance skills.

The relationship with Allegro Coffee Co., now owned by Whole Foods Market, provided the opportunity to service markets in which they were not competing, such as offices. The combination of Java Distribution’s attentive service and Allegro’s prized coffee offerings have served both parties well over the years.

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