Category Archives: Financial News

Financial news covers things like mortgage brokers, credit scams, pnzi schemes, pyramids and legit things such as credit counseling and debt consolidation.

The Runaway Student Loan Debt-Economic Recovery Threatened by This

When the federal student loan program was first introduced years back (1965), it was considered by all to be a really good idea. You would have had the option to borrow so as to complete your college and then pay back the money after you get a job. But, today the scenario has changed a lot and this has happened mainly because, most of the borrowers are held back by the immense amount of debt that has built up due to the lack of various other complex financial situations. Majority of the people are so deep into debt that sometimes getting assistance seems to be not enough for handling the debt complexities. The student loan debt and economic recovery; The student loan debt in America has reached to such limits that it is said to have surpassed even the amount of credit card debt and also the auto-loan amounts. The little signs of recovery that were seen is said to have been jeopardized by the immense amount of student loan debt that have piled up over all other kinds of debts.

The job market is still not stable and so most of the students who have passed out has still not been able to get any proper jobs. As a result, it has become increasingly problematic for them to make the payments on the student loans along with the other debt payments and in addition the other expenditures too.

Moreover, now the situation continuously is becoming more and more worse. This is because, with time and with no job in hand, most of the students are returning to school. Thereby, this again is resulting in higher indebtedness for almost all of them. According to the recent reports, the student loan debt on an average has topped over $25,000. This is said to have upped the percentage by quite a considerable amount in the last ten years. It has increased by 25% in the recent years. This constantly growing student debt is said to have a direct impact with regards to the taxpayers.

This is because, almost all of the student loan debts in the ratio of 8:10 are government guaranteed. The President has proposed various techniques and plans which are mainly aimed so as to fine-tune the whole loan system and the payments – so as to make it easier. However, there seems to be no immediate relief from the circumstances of the former students who have failed to pay off the students loans and are burdened with other debts too. The GOP presidential candidates too have given no such importance to this issue and rather are said to have dismissed the whole of this issue.

Some have also labeled the now president as “a snob” urging all of the people to get more and more of the higher studies which can help them get better jobs and thus higher salary. This again is supposed to help them do away with the problem of the debt load resulting from educational loans. The growing student debt has mainly resulted from the escalating cost of school fees too. but, according to Newt Gingrich the student loans is more of a type of tax. According to a research by the Federal Government, it has been found that most of the people who are 60 years and even older still now owe around $36 billion under the banner of the student loans.

Are Lawsuit Loans a Hassle?

Lawsuit loans are not a hassle at all; in fact, the process is simple, and not at all like what you may have been through before when applying for a bank or conventional loan. If you are involved in one and fear that you are facing financial disaster or even bankruptcy, settlement loans are something you should consider. You can continue to fight for all that you deserve, and live comfortably while doing so.

You may be thinking, “This sounds great, but if I’m already having trouble paying my bills how can I possibly add another payment for a loan to the mix?” With lawsuit loans, there are no monthly payments. You only repay the money when you win your lawsuit and have your money in hand. Settlement funding companies offer this money as a sort of “cash advance” against your pending settlement.

The money is yours and you need it right now. That’s what we do.
But what if you do not win, how will you repay the money?  You owe nothing in the event that you do not win. Whether you need a few hundred dollars or $250,000, you can get the funds you need to pay household bills, car repairs, medical expenses, attorney fees and other costs. Settlement funding companies are in business to help litigants in personal injury lawsuits avoid settling with insurance companies, who will offer you only a small portion of what you are really entitled to.

With lawsuit loans, the process is easy. Your lawyer simply submits an application that is based on the details of your lawsuit – no credit checks or any other of the red tape you go through with conventional loans. The settlement funding company will then review this application, and determine if you qualify that same day. If you do, you will have the money you need the very next morning, so that you can pay your bills, rest easy and focus on winning your lawsuit.

Don’t let insurance companies or those who have caused your injuries due to their negligence get away with it. You deserve every penny for what you have been put through! Lawsuit loans are a solution that will help you live a normal life while focusing on winning all that you deserve. Talk to your attorney about settlement funding, or learn more online today.