05 juin 2014 ~ 0 Commentaire

Loan Company Demands Payment, Family Has Proof They Already Paid – Abc News

Loan Company Demands Payment, Family Has Proof They Already Paid - Abc News 11117128-immediate-cash-personal-loan

Dear Jennifer: If Franz Kafka were alive today, we’re thinking this Ocwen story would make a nice plotline: You had your loan servicer unwittingly switched, but you paid your bills. Ocwen’s own account statements said you paid your bills, and your bank said you paid your bills and then Ocwen said you didn’t pay your bills. And then Ocwen said they could see that you did pay your bills, but they couldn’t make their computer say you paid your bills. What a headache. Seriously, though, your account was pretty screwed up. When the ABC News Fixer contacted them about the problem, Ocwen told us they had escalated the case and were urgently trying to fix it. The good news is you had plenty of documentation showing you had made your loan payments on time. It took about a month, but eventually Ocwen was able to get your account properly credited and remove the threat of foreclosure. Robert Kaltenbach, director of Ocwen’s office of the ombudsman, told us that everything should be fine going forward, though the company never gave us an explanation for why this happened.
Puedes ver la version sin traducir en http://abcnews.go.com/Blotter/loan-company-demands-payment-family-proof-paid/story?id=23991963

Warren: Student loans are a ‘one-two punch’ for women – UPI.com

loan

Follow Comments Following Comments Unfollow Comments Many student loan borrowers dont realize that, even though their loan was issued by the government through the Department of Education, its actually serviced by a variety of companies known collectively as student loan servicing companies . These companies have the names students know: Sallie Mae , NelNet , FedLoan , and more. These companies are paid by the government to manage your student loan. The government doesnt have the resources and tools to easily manage all of these loans, so they contract it out to financial companies that are better suited to do it. However, thats where students can run into trouble. Since the government has passed the buck, what is a student to do if the company handling the loan messes up? You need to be vigilant What Student Loan Servicers Do The student loan servicing companies are designated by the Department of Education to collects payments, responds to customer service inquiries, and perform other administrative tasks associated with maintaining a federal student loan. Once you apply for a Federal Student loan, the Department of Education assigns your loan to one of its designated loan servicing companies. These companies will disperse the loan to your school, send your statements, and then collect your payments once you graduate. These companies are also the ones that can help with different student loan repayment plans, as well as deferment and forbearance needs. Finally, they are also the ones that will try to collect on loans that havent been paid, including reporting borrowers to the credit bureaus and seeking wage garnishments.
Puedes ver la version sin traducir en http://www.forbes.com/sites/robertfarrington/2014/06/03/is-your-student-loan-servicer-ruining-your-credit/

Is Your Student Loan Servicer Ruining Your Credit? – Forbes

loan-calculator

it is whether we will replace the mandated lead arranger roles, » a banker close to the deal said. Rosneft and London-based BP, via a specially created company, are trying to complete the financing which is backed by the Russian group’s future oil production. Rosneft, BP and Lloyds declined to comment while HSBC could not immediately be reached for comment. Lloyds is 25 percent-owned by the British government, which has repeatedly condemned Russia over its annexation of Crimea in March and accused it of involvement in a separatist rebellion in eastern Ukraine. Moscow denies the charges but Rosneft chief Igor Sechin has been hit by U.S. sanctions as part of a broader move to punish Russia for its seizure of Crimea from Ukraine. The loan was launched to banks in late November at $5 billion but progress has been slow and it was reduced to up to $2 billion in April. Bankers said the deal still has enough support from lenders to go ahead despite the loss of Lloyds, which walked away this week followed by HSBC. « All the other banks are still in the deal, I don’t think it will have any impact, we are surprised they were there in the first place, » a second banker said.
Puedes ver la version sin traducir en http://www.reuters.com/article/2014/06/05/idUSL6N0OM3HS20140605

Cov-lite Loan Controversy Fades To Whisper While Portfolio Managers Chase Yield – Forbes

English: The door to the walk-in vault in the ...

Elizabeth Warren , the bill’s sponsor , positioned the measure as key to reducing a drag on the national economy caused by the $1.2 trillion in student debt held by Americans. « It is a drag on our economy, » Warren said. « It’s harder for young people to buy homes, to start businesses, and to begin their economic lives. » Warren, flanked by fellow Democrats Barbara Mikulski of Maryland, who sponsored the equal pay legislation blocked by Republicans last month , Dianne Feinstein of California, Patty Murray of Washington, Debbie Stabenow of Michigan, Tammy Baldwin of Wisconsin, and Maisie Hirono of Hawaii, called the combination of soaring student loans and paycheck inequality a « one-two punch for women. » Although the number varies depending on how it is measured, most studies find women earn between 15 and 33 cents less than men when equally qualified to do the same work. The number for college-educated women, the senators said, is $0.82. « Young women are working hard to build an economic future for themselves, » she said. « Right now, they face an extra tax. » The Banking on Students Emergency Loan Refinancing Act would allow student borrowers to refinance their loans to 3.86 percent interest — the level matching the level set by Congress last year for new borrowers and would be paid for by enacting the so-called Buffett Rule that eliminates a tax loophole allowing millionaires to pay low tax rates. « Young women are hit by a double whammy by ever-increasingly high student debt, » Mikulski said. « They deserve a fair shot at higher education they can afford. » Research has showed that, despite the continued value of holding a college degree, the rising costs have weighed increasingly heavily on America’s young people. Rohit Chopra, the student loan ombudsman at the Consumer Financial Protection Bureau, testified before the Budget Committee Wednesday that multiple studies have found student debt has kept an entire generation from buying homes, starting businesses and saving for retirement. Richard Vedder, the director for the Center of College Affordability and Productivity, argued the problem was not mounting debt — at least not directly. Vedder, who was invited by the ranking member to testify, said the student loan programs have caused college tuitions to skyrocket beyond the pace of inflation as schools happily collect federal dollars to build expensive facilities and court donors.
Puedes ver la version sin traducir en http://www.upi.com/Top_News/US/2014/06/04/Female-senators-tie-college-loan-push-to-equal-pay/2071401890697/

Everyone has role in fighting loan sharks

homemortgageloan

During the last cycle, cov-lite was largely the province of borrowers with better credit ratings that investors could justify didnt even really need the looser structures, sources agreed. Now cov-lite loans are accessible for most levered issuers. In 2006 and 2007, only 24.5 percent and 32.7% percent of cov-lite issuers were rated single-B or below, compared with 57% last year, said the DDJ report. Cov-lite loans also represented a much smaller percentage of the whole during the last cycle 7.4 percent of new issuance in 2006 and 25 percent in 2007, the report said. What few argue with is the fact that cov-lite contributes to the erosion of total returns since holders lose the ability to reprice a loan when its risk profile deteriorates. Those loans in turn trade poorly and create paper losses for mark-to-market portfolios. Despite potential pitfalls, avoiding cov-lite deals altogether doesnt make sense now, especially with no near-term default catalyst, sources said. The low default expectation is in part because so few covenants are out there to trip up borrowers, and also because hardly any corporate issuers have maturities over the next few years courtesy of the flood of refinancings over the last several years. For some, the takeaway is that if youre basing your decisions on covenants, rather than credit analysis, youre going to lose, one portfolio manager said. This post is brought to you by Debtwire, a Mergermarket company and the leading provider of real-time intelligence, analysis and data on distressed debt, leveraged finance and asset-backed markets.
Puedes ver la version sin traducir en http://www.forbes.com/sites/mergermarket/2014/06/03/cov-lite-loan-controversy-fades-to-whisper-while-portfolio-managers-chase-yield/

RLPC-Rosneft loan going ahead despite UK banks’ exit – bankers
| Reuters

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Making borrowing a crime may discourage borrowers from reporting loan-shark harassment or coming forward to seek help. In turn, this may result in an increase in loan-shark harassment. A better approach would be to partner family service centres and voluntary welfare organisations to educate the public on the dangers of borrowing from loan sharks. In Britain, some primary and secondary schools include this topic in their character and citizenship syllabus. Children are also taught the difference between debt and credit, and how to manage their money wisely. The hope is that the children can share what they have learnt with their parents, who can then make better financial decisions. Of course, parents too have a role to play in educating their children not to take part in loan-sharking activities. They can remind their children of the severity of the offences and intervene if their children display signs of involvement. TV advertisements can serve a similar warning role. Perhaps there could be a documentary where former loan-shark borrowers talk about their experiences. A lighter sentence should be considered for those who call the « X Ah Long » hotline (« Sentence lightened for loan shark runner who called hotline »; Oct 31, 2012).
Puedes ver la version sin traducir en http://www.straitstimes.com/premium/forum-letters/story/everyone-has-role-fighting-loan-sharks-20140606

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