HomeAid Launches Month-Long Homelessness Awareness Campaign
Learn, Act, and Share to Join the Fight Against Homelessness
IRVINE, Calif. – November 1, 2022 …
Credello: Student Loan Forgiveness Scams Are Rampant. Here’s How to Spot Them
NEW YORK – November 1, 2022 – (Newswire.com)
Now that President Biden’s student loan forgiveness option is available, many people are wondering if it’s worth pursuing it, as working with bureaucracies like the federal government can seem like a headache.
Unfortunately, there are many scams out there trying to take advantage of people who are thinking about this option. Here’s what you need to know and how to prevent yourself from getting scammed.
Why would scammers target student loans?
Unlike other student loan alternatives, education loans are one of the toughest debts to get rid of. They rarely qualify for outright forgiveness and cannot be written off with bankruptcy.
Consequently, many scammers see this as an opportunity to take advantage of desperate people. Now with student loan forgiveness available for a limited time, people looking to rip off well-intentioned but naive debt holders are at a critical level.
Common student loan scams
There are a few scams that you may run into when looking into student loan forgiveness.
The most common is the “loan forgiveness scam.” This is when someone tells you that you can get your entire student loan forgiven quickly, usually within a couple of months. However, this is almost never true. To get your loan forgiven, traditionally, you must go through a process that can take many years and require a lot of paperwork.
President Biden’s student loan forgiveness program removes these barriers for a limited time. Once his forgiveness program is over, getting your student loan debt absolved will go back to the complicated process it once was.
Another common scam is the “secret student loan forgiveness program.” This is where someone will contact you and tell you that they work for a secret program that can immediately forgive your entire student loans.
How can I avoid being scammed?
Here are some tips to help you identify and avoid student loan forgiveness scams:
1. Refer to government websites for the most up-to-date information – Many scammers will offer information that is not officially sanctioned by the government and will direct you to sales pages set up just to take your money. Legitimate organizations like the Department of Education (DOE) will always have the most up-to-date information.
3. Avoid extraordinarily long and complicated contracts – Many scammers will try to get you to sign an agreement that is overly long and difficult to understand. Contracts like this often contain hidden terms that can lead to unexpected financial obligations later.
4. Be suspicious of anyone who offers a free trial, or money-back guarantee – These are common signs that a scammer is trying to take advantage of you.
5. Don’t pay for advice – Many schemes involve paying a consultant or “debt advisor” in order to get started on the forgiveness process. Legitimate credit counseling services are often not-for-profit and can provide impartial advice that’s low-cost or even free. Don’t let anyone pressure you into making any payments before you know anything about the options available to you.
6. Be wary of offers that seem too good to be true – Many schemes promise student loan forgiveness in just a few short months or even weeks, but don’t fall for promises that are too good to be true.
The bottom line
Although student loan forgiveness scams are rare, they are becoming more popular thanks to the federal student loan forgiveness program happening now. Being aware of the warning signs and taking preventative measures can help you avoid being scammed and get the relief you deserve.
Contact Information:
Keyonda Goosby
Public Relations Specialist
(201) 633-2125
Carolina d’Arbelles-Valle
+1 305 849 8443
Press Release Service
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Newswire.com
Original Source:
Credello: Student Loan Forgiveness Scams Are Rampant. Here’s How to Spot Them
Credello: Loan Payments for Cars Are Rising
NEW YORK – November 1, 2022 – (Newswire.com)
Many individuals and families trying to take out car loans have noticed that the monthly payments for those loans are rising in 2022’s latter half. This seems true for gas-powered cars, hybrid vehicles, and electric ones as well.
Anyone looking to get a loan to buy a car probably has questions in light of these monthly payment increases. For instance, you might wonder whether you’re better off waiting a while for the rates to become more favorable. Can you pay off a car loan early? This is what other consumers want to know.
The following article will discuss the best strategies to cope with rising car loan payments.
How Do Car Loans Work?
If you want a loan to pay for a new, used, or certified pre-owned vehicle, you usually get one by approaching a bank or credit union and applying for the loan by filling out the necessary paperwork. Some lending entities allow you to do so online rather than in person.
You’ll show proof of income and whatever else the lending entity requires. If you accept the loan terms, they’ll give you a lump sum of money to buy the vehicle. You’ll then pay back that amount over an agreed-upon period, along with interest. That interest is how the lending entity makes money on the deal.
You can also avoid borrowing money from a lending entity if you have enough for a down payment on the vehicle without one. Some car sellers will even let you drive off the lot with no money down. If you don’t pay anything down at the time of purchase, though, you can expect to pay more every month until you’ve fully paid off the vehicle.
Monthly Loan Payment Amounts Are Rising
As we progress into the 21st century, hybrid and electric cars are becoming more desirable than gas-powered ones. That makes sense since they’re better for the planet, and you don’t have to spend as much on gas when you drive one.
However, hybrid and electric vehicle owners are now paying more each month for the car loans they took out. Many of them are paying $1,000 or more per month. Meanwhile, the average price of a brand-new car in 2022’s third quarter was $45,971, according to J.D. Power and LMC Automotive.
What Are Some Possible Solutions?
You might ponder how to combat higher car loan payments this year. If you haven’t bought a new vehicle yet, you can consider waiting a few weeks till dealerships have their end-of-the-year holiday sales. At that time, the price for this year’s models should drop somewhat.
You can avoid buying a car for now in the hopes that these high loan payment rates will drop. That might be a viable option if you can take public transportation or rideshares to get to your job or anywhere else you need to go.
Maybe you already bought a car, and you’re dealing with high monthly loan payments. If so, you can consider paying back the loan quicker by scraping the money together or borrowing the bulk from a friend or relative. If you pay back the remainder of the loan early, though, you might have to come up with an early payment penalty as well. Check the loan’s fine print to see if that’s applicable.
Choose the Best Available Option
Each consumer must decide what to do in the face of rising car loan payments. You can wait for end-of-the-year sales to see if you can get a better deal on the vehicle you want. You might hold off on buying a car if you can use public transportation or rideshares instead.
Paying off the remainder of your car’s loan is only an option if you can come up with that money. Before you do, check to see whether your loan comes with an early payment penalty.
Be aware of rising car loan payments, and figure out the strategy to combat them that makes the most sense for you.
Contact Information:
Keyonda Goosby
Public Relations Specialist
(201) 633-2125
Carolina d’Arbelles-Valle
+1 305 849 8443
Press Release Service
by
Newswire.com
Original Source:
Credello: Loan Payments for Cars Are Rising
Should You Get a Line of Credit or a Loan?
NEW YORK – November 1, 2022 – (Newswire.com)
iQuanti: Deciding where to …
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Santa Jim’s New Book ‘And What About Mrs. Claus?’ is the Riveting Tale of How Santa and the Future Mrs. Claus Met and Their Adventures Together Before Marriage
NEW YORK – November 1, 2022 – (Newswire.com)
Fulton Books author Santa Jim, who worked in education and now in retirement has become Santa, has completed his most recent book “And What about Mrs. Claus?”: a charming story of how a young woman from a poor upbringing captured Santa Claus’s heart and became the princess of the North Pole.
“Ever wonder about Mrs. Claus?” writes Santa Jim. “Where did she come from? What was her real name? And how did Santa and Mrs. Claus really fall in love? Who started the dating or was it instigated by Cupid? This book tells it all; the romance, the courtship, the love story of Mr. and Mrs. Claus. How they met, where they got engaged and their quiet ceremony of marriage. Read about the mystery of their wedding rings and if Mrs. Claus now has any magic of her own.”
Published by Fulton Books, Santa Jim’s book is a delightful tale that gives a backstory and personality to an often-forgotten-about Christmas character. “And What about Mrs. Claus?” weaves a beautiful story that readers of all ages will connect with and enlightens readers on the mysteries and magic surrounding Santa Claus and his friends at the North Pole.
Readers who wish to experience this enthralling work can purchase “And What about Mrs. Claus?” at bookstores everywhere, or online at the Apple iTunes store, Amazon, Google Play, or Barnes and Noble.
Please direct all media inquiries to Author Support via email at [email protected] or via telephone at 877-210-0816.
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Kaitlin Jones’ New Book ‘A Friend From an Angel’ Follows a Young Angel Who’s Assigned a Very Important Mission by God: To Create an Animal to Be a Child’s Best Friend
LIBERTY HILL, Texas – November 1, 2022 – (Newswire.com)
Fulton Books author Kaitlin Jones, who currently works in a children’s hospital and holds a lifelong passion for books, has completed her most recent book “A Friend from an Angel”: a heartwarming tale that centers around a group of angels who are told by God to design every animal that inhabits the Earth. When one isn’t sure of what to create, God gives her an important assignment that no other angel can fulfill.
“Do you have a favorite animal? Have you ever thought about what makes you love that animal so much?” asks Jones. “If we look at the world around us, we might just be amazed about how many different types of animals can be found. Some look silly, some look scary, and some animals end up being some of our best friends. ‘A Friend from an Angel’ shares a story about how animals came to be created so differently from one another and how one special animal was given a very important job.”
Published by Fulton Books, Kaitlin Jones’ book was inspired by the author’s desire to pass on her love of reading to her daughter, for whom she wrote “A Friend from an Angel.” Young readers will connect with this beautiful tale through its vibrant artwork and stirring message of the important place that one special animal holds within one’s heart, and to this day is known as “man’s best friend.”
Readers who wish to experience this captivating work can purchase “A Friend from an Angel” at bookstores everywhere, or online at the Apple iTunes Store, Amazon, Google Play, or Barnes & Noble.
Please direct all media inquiries to Author Support via email at [email protected] or via telephone at 877-210-0816.
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Author Lizette Ezrre Pohlmeyer’s New Book ‘Who Loves You the Most?’ is Written to Help Children Understand the Loving Relationship That Can Be Had With God
Recent release “Who Loves You the Most?” from Covenant Books author Lizette Ezrre Pohlmeyer is a sweet story for children that helps them learn that no matter what happens in life, they are never truly alone when they accept God into their hearts.
MARANA, Ariz. – November 1, 2022 – (Newswire.com)
Lizette Ezrre Pohlmeyer has completed her new book, “Who Loves You the Most?”: a sweet and simple tale with a powerful, life-affirming message. She resides in Tucson, Arizona, with her two daughters and two pugs. Her hope is to help young children learn about self-love and to rely on the voice within them that will guide them in making good decisions.
Published by Covenant Books of Murrells Inlet, South Carolina, Pohlmeyer’s new book aims to give parents a way to introduce God’s love to children so that they don’t seek approval from others, but rather from inside themselves.
“As parents, we unknowingly teach our children at a young age to rely on us for love,” Pohlmeyer writes. “We say things like ‘Who loves you the most?’ and the answer is typically ‘us’. Then as children grow up and go to school, they seek the approval and acceptance of classmates and later in life get into relationships that may sometimes fail or be toxic. When this happens, they question their existence and feel unloved. This can lead to self-esteem issues, self-medicating with medications, drugs and/or alcohol, or even worse, suicide.”
“Who Loves You the Most?” is a book written for children to understand the wonderful relationship they can have with themselves and with God when they listen to what’s inside their hearts, teaching children at an early age that, ultimately, no matter what happens or what life brings, they are never truly alone when they believe and accept God as their savior.
Readers can purchase “Who Loves You the Most?” at bookstores everywhere, or online at the Apple iTunes Store, Amazon or Barnes & Noble.
Covenant Books is an international Christian-owned and -operated publishing house based in Murrells Inlet, South Carolina. Covenant Books specializes in all genres of work that appeal to the Christian market. For additional information or media inquiries, contact Covenant Books at 843-507-8373.
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Covenant Books Media Department
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