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Unique business opportunity in a form of credit repair with no recession & competition



Jun 08, 2021 13:19 IST

New Delhi [India], June 8 (ANI/SRV Media): If you have a poor credit score or a poorly maintained credit history, you would not be allowed credit. Do you have a question in mind then what to do? Is there a Credit Repair in India? Is there any law related to it? Is it worth seeking help for Credit Repair?
The Answer for all is yes and positive. Though you can do Credit Repair by yourself, seeking help from a Credit Repair Company will provide you a way better benefit as Credit Repair involves lots of processes, lots of paperwork, knowledge, time, and patience to get a positive result.
There are some myths surrounding Credit Repair due to unawareness about it such as there is no concept like credit repair in India, those who do this are fraud, Credit Repair Companies are a scam, it is better to do credit fix by yourself, etc. but these are just myths without any sense.
Credit Repair is a process of fixing poor credit standing that may have deteriorated for a variety of reasons. Consumer’s credit scores are based on a number of factors, including whether they pay bills on time or not as missing payments can hurt their credit score and, in turn, make it more difficult for them to obtain other credit such as home loans or car loans, etc.
In India, all banks have different terms and condition for offering loan and credit card but the common thing every financial institution is looking for a neat-o-clean Credit History and error-free Credit Report with 750 plus Credit Score, and they rely heavily on this to make lending decision hence, it is absolutely necessary that you maintain it and when you fail in the above conditions, start mending it and take help of Credit Repair Service.
Credit Repair is not just only to help individuals to improve Credit Score but also to help the economy of the country as the economy relies on the responsible behavior of citizens in maintaining credit liability. The more debt every citizen holds, the more it can damage the economy of the country as well.
Apoorvaa Foundation is the pioneer in this unique concept of Credit Repair in India thus, giving a new financial line in the banking and finance field. Credit Repair experts are knowledgeable about laws that banks and credit bureaus follow. They understand how the Credit Information Companies (Regulation) Act, 2005 work. They can use law in a better way by understanding the actual problem and help you with legal solutions.

Apoorvaa is also a pioneer of Credit Awareness Seminar with an aim to help society and banks to know the depth of Credit Report and Credit Bureaus which mean more and more people will be financially educated to handle their own credit.
Apurva Bhagat, Founder and President of Apoorvaa Foundation, himself conducting the Credit Awareness Seminars and extending his skill of Credit Analysis to people who need to work on their credit issue.
“Our motive behind Credit Repair is to build credit healthy nation and with this, we are moving ahead to extend our services in PAN India Level and to fulfill this at present we have 108 branches in 90 cities of 21 States,” said Apurva Bhagat, Founder and President of Apoorvaa Foundation.
Credit Repair is also important when it comes to dealing or negotiating with banks or collection agencies as not everybody is professional to tackle the situation but the company that deals with Credit Repairs; they have professionals with the skills and knowledge to handle customers, banks, and collection agencies. Furthermore, Credit Repair is needed for those who are facing a bad credit score, poor credit history, victim of identity theft, and inaccurate data loaded in the credit report.
One must know that the recent ongoing pandemic has taken a toll on everyone’s financial situation. At the same time, it has also affected credit score. The current scenario is different from earlier times, as in earlier times personal judgment was part of checking creditworthiness while today it is thoroughly based on Credit Report and Credit History. Nowadays the job hiring process also involves credit report scrutiny to judge the creditworthiness of candidates.
The agony is that people are not aware about the importance of Credit Repair and at the same time the business opportunity is also untouched here in this field. The door for Credit Repair Business is open to all, due to skyrocketing credit requirements in day-to-day life to maintain the need for individual and business expansion for entrepreneurs, we can say it is recession-free, and no more competition to handle and expand it.
Moreover, you can have ease of involvement in this with minimum investment and high return if you pursue it with due diligence and perseverance.
To know more visit
This story is provided by SRV Media. ANI will not be responsible in any way for the content of this article. (ANI/SRV Media)

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Are Sallie Mae Student Loans Federal or Private?



When you hear the name Sallie Mae, you probably think of student loans. There’s a good reason for that; Sallie Mae has a long history, during which time it has provided both federal and private student loans.

However, as of 2014, all of Sallie Mae’s student loans are private, and its federal loans have been sold to another servicer. Here’s what to know if you have a Sallie Mae loan or are considering taking one out.

What is Sallie Mae?

Sallie Mae is a company that currently offers private student loans. But it has taken a few forms over the years.

In 1972, Congress first created the Student Loan Marketing Association (SLMA) as a private, for-profit corporation. Congress gave SLMA, commonly called “Sallie Mae,” the status of a government-sponsored enterprise (GSE) to support the company in its mission to provide stability and liquidity to the student loan market as a warehouse for student loans.

However, in 2004, the structure and purpose of the company began to change. SLMA dissolved in late December of that year, and the SLM Corporation, or “Sallie Mae,” was formed in its place as a fully private-sector company without GSE status.

In 2014, the company underwent another big adjustment when Sallie Mae split to form Navient and Sallie Mae. Navient is a federal student loan servicer that manages existing student loan accounts. Meanwhile, Sallie Mae continues to offer private student loans and other financial products to consumers. If you took out a student loan with Sallie Mae prior to 2014, there’s a chance that it was a federal student loan under the now-defunct Federal Family Education Loan Program (FFELP).

At present, Sallie Mae owns 1.4 percent of student loans in the United States. In addition to private student loans, the bank also offers credit cards, personal loans and savings accounts to its customers, many of whom are college students.

What is the difference between private and federal student loans?

When you’re seeking financing to pay for college, you’ll have a big choice to make: federal versus private student loans. Both types of loans offer some benefits and drawbacks.

Federal student loans are educational loans that come from the U.S. government. Under the William D. Ford Federal Direct Loan Program, there are four types of federal student loans available to qualified borrowers.

With federal student loans, you typically do not need a co-signer or even a credit check. The loans also come with numerous benefits, such as the ability to adjust your repayment plan based on your income. You may also be able to pause payments with a forbearance or deferment and perhaps even qualify for some level of student loan forgiveness.

On the negative side, most federal student loans feature borrowing limits, so you might need to find supplemental funding or scholarships if your educational costs exceed federal loan maximums.

Private student loans are educational loans you can access from private lenders, such as banks, credit unions and online lenders. On the plus side, private student loans often feature higher loan amounts than you can access through federal funding. And if you or your co-signer has excellent credit, you may be able to secure a competitive interest rate as well.

As for drawbacks, private student loans don’t offer the valuable benefits that federal student borrowers can enjoy. You may also face higher interest rates or have a harder time qualifying for financing if you have bad credit.

Are Sallie Mae loans better than federal student loans?

In general, federal loans are the best first choice for student borrowers. Federal student loans offer numerous benefits that private loans do not. You’ll generally want to complete the Free Application for Federal Student Aid (FAFSA) and review federal funding options before applying for any type of private student loan — Sallie Mae loans included.

However, private student loans, like those offered by Sallie Mae, do have their place. In some cases, federal student aid, grants, scholarships, work-study programs and savings might not be enough to cover educational expenses. In these situations, private student loans may provide you with another way to pay for college.

If you do need to take out private student loans, Sallie Mae is a lender worth considering. It offers loans for a variety of needs, including undergrad, MBA school, medical school, dental school and law school. Its loans also feature 100 percent coverage, so you can find funding for all of your certified school expenses.

With that said, it’s always best to compare a few lenders before committing. All lenders evaluate income and credit score differently, so it’s possible that another lender could give you lower interest rates or more favorable terms.

The bottom line

Sallie Mae may be a good choice if you’re in the market for private student loans and other financial products. Just be sure to do your research upfront, as you should before you take out any form of financing. Comparing multiple offers always gives you the best chance of saving money.

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Tips to do some fall cleaning on your finances



Wealth manager, Harry Abrahamsen, has five simple ways to stay on top of the big financial picture.

PORTLAND, Maine — Keeping track of our financial stability is something we can all do, whether we have IRAs or 401ks or just a checking account. Harry J. Abrahamsen is the Founder of Abrahamsen Financial Group. He works with clients to create and grow their own wealth. Abrahamsen shares five financial tips, starting with knowing what you have. 

1. Analyze Your Finances Quarterly or Biannually

You want to make sure that your long-term strategy is congruent with your short-term strategy. If the short-term is not working out, you may need to adjust what you are doing to make sure your outcome produces the desired results you are looking to accomplish. It is just like setting sail on a voyage across the Atlantic Ocean. You know where you want to go and plot your course, but there are many factors that need to be considered to actually get you across and across safely. Your finances behave the exact same way. Check your current situation and make sure you are taking into consideration all of the various wealth-eroding factors that can take you completely off course.

With interest rates very low, now might be a good time to consider refinancing student loans or mortgages, or consolidating credit card debt. However, do so only if you need to or if you can create a positive cash flow. To ensure that you are saving the most by doing so, you must look at current payments, excluding taxes and insurance costs. This way you can do an apples-to-apples comparison.

The most important things to look for when reviewing your credit report is accuracy. Make sure the reporting agencies are reporting things actuary. If it doesn’t appear to be reporting correct and accurate information, you should consult with a reputable credit repair company to help you fix the incorrect information.

4. Savings and Retirement Accounts

The most important thing to consider when reviewing your savings and retirement accounts is to make sure the strategies match your short-term and long-term investment objectives. All too often people end up making decisions one at a time, at different times in their lives, with different people, under different circumstances. Having a sound strategy in place will allow you to view your finances with a macro-economic lens vs a micro-economic view. Stay the course and adjust accordingly from a risk and tax standpoint.

RELATED: Financial lessons learned through the pandemic

A great tip for lowering utility bills or car insurance premiums: Simply ask! There may be things you are not aware of that could save you hundreds of dollars every month. You just need to call all of the companies that you do business with to find out about cost-cutting strategies. 

RELATED: Overcome your fear of finances

To learn more about Abrahamsen Financial, click here

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How to Get a Loan Even with Bad Credit



Sana pwedeng mabura ang bad credit history as quickly and easily as paying off your utility bills, ‘no? Unfortunately, it takes time. And bago mo pa maayos ang bad credit mo, more often than not, kailangan mo na namang mag-avail ng panibagong loan. 

Good thing you can still get a loan even with bad credit, kahit na medyo limited ang options. How do you get a loan if you have bad credit? Alamin sa short guide na ito. 

For more finance tips, visit Moneymax.



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