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Young’s Motorsports BrakeBest Brake Pads 159 Team Preview

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No. 20 Young’s Motorsports Team:

 

Driver: Spencer Boyd

 

Primary Partner(s): Credit MRI

 

Manufacturer: Chevrolet Silverado

 

Crew Chief: Joe Lax

 

2021 Driver Points Position: 20th

 

2021 Owner Points Position: 26th

 

BrakeBest Brake Pads 159 Starting Position: 10th (Based on event formula)

 

Chassis Intel: YMS Chassis No. 05 

 

Engine: Ilmor Racing Technologies

 

Notes of Interest:

 

Daytona Road Course Return: Fan favorite Spencer Boyd will make his second NASCAR Camping World Truck Series (NCWTS) start at the Daytona International Speedway Road Course on Feb. 19, 2021.

 

Last August, the former Truck Series winner improved seven spots from his 24th place qualifying position to finish 17th and on the lead lap in his No. 20 Young’s Motorsports Chevrolet Silverado.

 

Daytona International Speedway Race Recap: When the white flag waved last Friday night in the NextEra Energy Resources 250 at Daytona, Spencer Boyd appeared all but assured a top-10 finish, but as the trucks came screaming towards the start | finish line, chaos ensued with a multi-truck accident that collected Boyd and teammate Kris Wright seconds before the checkered flag.

 

Boyd’s battered No. 20 American Pavement | Raised On Blacktop Chevrolet claimed 13th after starting 24th.

 

Fix Now, Pay Later: This weekend at Daytona, Boyd’s No. 20 Young’s Motorsports Chevrolet Silverado will adorn the primary colors of Credit MRI.

 

For more than a decade Credit MRI has delivered professional credit repair services with its industry-first and only 30 DAY NO FEE GUARANTEE. Simply put if they do not deliver results then you pay nothing. 

 

Whether you are looking to purchase a home, car, RV, jet ski, motorcycle, or simply looking to improve your credit score to lower your current interest rates, Credit MRI is your one stop credit repair partner.

 

Chasing That W: Boyd is eyeing his second career NASCAR Camping World Truck Series victory for himself and Young’s Motorsports.

 

In 2019 at Talladega (Ala.) Superspeedway, Boyd pulled an upset during the Truck Series Playoffs by winning the Sugarland Shines 250 at the 2.66-mile superspeedway edging Todd Gilliland by 0.027 seconds.

 

Truck Series Rundown: In five years of Truck Series competition, Boyd has 48 career Truck Series starts with one win, two top-five and two top-10 finishes and a championship best of 17th in 2019. 

 

Follow on Social Media: For more on Spencer Boyd, please like him on Facebook (Spencer Boyd Racing) and follow him on Instagram (SpencerBoydpr) and Twitter (@SpencerBoyd).

 

 

Spencer Boyd Pre-Race Quotes:

 

On Daytona (Fla.) International Speedway Road Course: “I am excited for the road course. I grew up racing road courses and look forward to getting back for round two at Daytona this weekend.”

 

On Daytona (Fla.) International Speedway: “My guys brought a great truck to Daytona and we fought in the top-10 coming to the checkered flag. It was an unfortunate outcome, but we put ourselves in position to be at the front when it counted.”  

 

On Partnering With Credit MRI: I used to sell cars back in my part-time NASCAR days. “I would see many hard-working people unable to get approved for a car because of simple strikes on their credit reports. 

 

“Credit MRI is helping those folks, without charging them upfront, navigate the confusing path of credit recovery. Anything that helps hard-working Americans is high on my list!”

 

Race Information:

 

The BrakeBest Brake Pads 159 (44 laps | 158.85 miles) is the second of 22 NASCAR Camping World Truck Series races on the 2021 schedule. The 40-truck field will take the green flag on Fri., Feb. 19, 2021, shortly after 7:30 p.m. with live coverage on FOX Sports 1, the Motor Racing Network (Radio) and SiriusXM NASCAR Channel 90.  

 

Young’s Motorsports PR



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Are Sallie Mae Student Loans Federal or Private?

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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

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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

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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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