Astrology - Your Date of Birth Holds the Key to Your Future

Astrology - Your Date of Birth Holds the Key to Your Future


The Chinese Four Pillars of Destiny is a system of Chinese astrology that can foretell a person's destiny from cradle to grave. This amazingly accurate system make use of a person's date and time of birth to chart a set of eight characters comprising of four heavenly stems and four earthly branches (which equals eight characters). These eight characters are known in Chinese as Ba Zi.

The year, month, date and hour of a person's astrology by date of birth are expressed as a set comprising of a heavenly stem on top and an earthly branch at the bottom which result in four columns of two characters each. This is how the Four Pillars of Destiny (also commonly referred to as the natal chart) are derived.

By analyzing your Four Pillars, an experienced and skilled practitioner will know your strength and weaknesses, your characteristic traits, your talents, your desires, your career, your relationship, your health, your fortune etc. Your Four Pillars can also reveal future events that will take place along your life path. By knowing what and when an event will happen, you can then be forewarned in order to be forearmed. Whether an event will turn out to be auspicious or inauspicious, is partly ependent on how prepared you are for it and what proactive measures you can take to tweak the outcome in your favor.

Timing adds an important facet in the analysis of a person's Four Pillars without which the predictive value of fortune telling is lost on the person.

To determine your luck cycle or life path, have to see lal kitab in hindi the Four Pillars are read in conjunction with an additional set of pillars known as the luck pillars, each of which represents a decade in your life. They are known as

Decade Luck Pillars. The Four Pillars are like forerunners of our destiny and the luck pillars are like guideposts in the journey of our lives.

You can decode your destiny and find out the timing of your luck.

Article Source: http://EzineArticles.com/756842

Unsecured Loans. Anyone ?

 

Unsecured Loan

An unsecured personal loan is simply a fixed-rate loan that you can receive without collateral to guarantee it. With secured loans, you’re allowing the lender to use one of your assets — for instance, your car or house — to recoup their losses if you fall behind on payments. When your loan is unsecured, the lender has no such recourse if you don’t pay up.
Of course, that doesn’t mean there are no consequences if you default on an unsecured loan. Your credit will take a nosedive, and your lender could sue or send its very unpleasant collections department after you. However, the lack of collateral ultimately means unsecured loans are riskier for the lender.
Unsecured personal loans are available at certain banks and credit unions, as well as online through startups including peer-to-peer lenders. Though the lender may ask why you’re borrowing, you can generally use these loans for any purpose: debt consolidation, home improvement, business expenses, new cars, a budget-busting wedding, or even a trip around the world. Credit cards and student loans are also unsecured loans, though with more specific purposes.

A personal loan can get you the money you need in short order if you qualify. Personal loans are a popular tool for consolidating and eliminating high interest credit card debt. Just like credit cards, these personal loans don’t require collateral, they are unsecured. But unlike most credit cards, most personal loans offer fixed interest rates and payments, making payments easier to budget for. You’ll also probably be able to borrow a greater chunk of change than you could cover with a credit card, possibly at a lower rate.

When and When Not to Use a Personal Loan

Before you get an unsecured personal loan, there may be other options to explore first depending on your situation and goals. Personal loans are great if you do not want to pledge anything as collateral, or you don’t have any collateral to pledge. However, unsecured loans probably won’t get you the best rate. For instance, a home equity loan will net you much better terms because it’s less risky for the lender. Also, some lenders have tailored loans for people with bad credit, which may or may not require collateral.
It’s not a wise idea to use a personal loan for a discretionary purchase because of potentially high interest rates. However, personal loans have their place. For instance, you may be a small business owner who needs to cover your quarterly taxes until a major supplier pays their invoice. Or perhaps you want to consolidate high-interest debt and can better manage a single payment.

The Simple Dollar’s Best Personal Loan Picks

The personal loan space is growing with a number of online lenders challenging credit-card companies and traditional banks. In 2016, the trend toward a streamlined lending process, better interest rates and more transparent lending criteria will continue.
In fact, some brick-and-mortar banks are only recently returning to this kind of lending after the subprime mortgage crisis. So if you’re in the market for an unsecured personal loan, you’ll have plenty of options, especially if you have good credit.
Here are the best personal loan options
If you want to get started on your search right now, here are a few lenders that stood out as I looked for the best personal loans:

• Best personal loans overall: Lending Club, Wells Fargo, and Prosper
• Best personal loans for excellent credit: LightStream, Sofi, and Earnest
• Best personal loans for average credit: Avant, Peerform, and Vouch

Read on to find out why these companies and others stood out among the competition. I’ll also discuss unsecured personal loans in greater detail, why they’re difficult to obtain with bad credit, and strategies you can use while shopping to make sure you find a loan that’s right for you.

Best Personal Loans Overall

The companies below are among the biggest names in personal lending, targeting borrowers who have solid credit (and better). They’re worth considering for anyone who needs an unsecured personal loan. However, if your credit is top-notch — or not so hot — make sure you keep reading for some lenders that target excellent- and average-credit borrowers.

Lending Club

One of the two biggest peer-to-peer lenders, Lending Club makes loans up to $40,000. Though very similar to other peer-to-peer lenders in many ways, it is a bit more lenient with credit scores, requiring a minimum of 600, but a bit stricter with other criteria such as debt-to-income data. APRs range from 5.99% to 35.89%* APR. Best APR is available to borrowers with excellent credit.
Lending Club does business in 48 states (right now, you’re out of luck in Iowa and West Virginia). Lending Club also charges a loan origination fee up to 5% and charges a check-processing fee. Terms are three or five years, though Lending Club makes two-year loans to its most credit-worthy borrowers.
Why it’s a solid bet: Lending Club is a major player and pioneer in the peer-to-peer lending business. They also have the same strengths: competitive interest rates, wide availability, and transparency. If you’re thinking of seeing what kind of rate you can wrangle with one of these companies, it’s absolutely worth checking with the other at the same time — neither company uses a “hard pull” that will impact your credit score.

Wells Fargo

If you have good credit and would rather keep your business with a long-established bank, Wells Fargo could be a good option. With advertised APRs of 6.25% to 19.75% and loans from $3,000 to $100,000, this brick-and-mortar lender could be worth a look for any borrower with solid credit.
Repayment terms can range from 12 to 60 months and there are no prepayment or origination fees. The main downside here is convenience: You can’t apply online unless you’re an existing Wells Fargo customer, so you’ll need to be near one of their branches. Wells Fargo also doesn’t fare as well as many competitors in customer service ratings, and they aren’t as transparent about lending criteria as many online competitors.
Why it’s a solid bet: When it comes to a loan, some people prefer doing business face to face. If you’re among them, Wells Fargo offers competitive rates, the comfort of a big name, and the convenience of a huge branch network — there are more than 6,000 locations nationwide. Wells Fargo also offers a couple other options that aren’t as common with online lenders: A more flexible personal line of credit as well as a loan that you can secure with a savings account or CD in order to get a lower rate.

Prosper

Second in size compared to Lending Club, Prosper is slightly more liberal with its lending criteria than major competitors. It requires a minimum Experian credit score of 640, but Prosper will look at several other factors to give you a shot at a better interest rate. You can borrow from $2,000 to $35,000 at APRs ranging from 5.99% to 35.97%.
Interest rates and fees are easy to find and evaluate, and Prosper can make loans in 47 states (loans aren’t available in Iowa, Maine, and North Dakota). As with all peer-to-peer lenders, you could be waiting a week or more for your loan to be funded, however. Prosper also only allows you to choose between three- and five-year repayment terms.
Why it’s a solid bet: Along with Lending Club, Prosper is one of the biggest names in peer-to-peer lending, which should inspire confidence in anyone who is leery of dipping a toe into online lending. It is impressively transparent, widely available, and a bit looser with lending criteria such as debt-to-income ratio and the number of recent credit inquiries on your credit report.

Best Personal Loans for Excellent Credit

If you have great credit, good news: You may qualify for personal loans with impressively low interest rates. However, keep in mind that lenders who offer these low rates will also want to see other markers of financial health, such as steady employment and a low debt-to-income ratio.

LightStream

LightStream, an offshoot of SunTrust Bank, offers excellent rates for creditworthy borrowers, currently 5.99% to 11.99% for non-home and auto-related personal loans. Another pro: There are no fees for loan origination, prepayment, or anything else.
The main downside here is the high threshold you’ll have to meet to qualify. Your credit score will have to be great, but you’ll also need to prove “stable and sufficient” income and assets as well as a solid savings history, among other requirements.
Why it’s a solid bet: LightStream’s flexible terms and high borrowing limits make it a good choice for prospective borrowers who need a hefty amount and a longer time to pay it back. Loans of $5,000 to $100,000 are available, and terms can be anywhere from 24 to 84 months. If you need money fast, LightStream is also speedier than peer-to-peer competitors — you can have your money in as little as a day.

SoFi

Sofi may be best known for student loan refinancing, but it also offers extremely competitive personal loans from $5,000 to a whopping $100,000. There are fixed- and variable-rate options ranging from 5.50%-9.99% and 4.04%-8.04%, respectively. You also won’t pay any fees for loan origination or anything else.
Choose from three-, five-, or seven-year repayment terms. You’ll need to meet a high threshold to qualify, with a favorable debt-to-income ratio, dependable employment, and a high credit score. Loans are available in 47 states.
Why it’s a solid bet: If you’re a rate hawk, SoFi offers some of the lowest rates I saw, and its variable-rate option offers a chance for even more savings if you’re willing to accept the risk that rates will rise. (Variable rates are capped at 10.99%.) SoFi also sets itself apart with its hefty loan amounts of up to $100,000 and a unique unemployment protection program that allows you to suspend loan payments.

Earnest

Earnest, a relatively recent startup, bills itself as “low-cost loans for the financially responsible.” Indeed, this online lender offers very low rates from 4.25% to 9.25% on loans up to $50,000. It also looks beyond your credit score to evaluate other criteria including education, career, and savings.
On the downside, Earnest only offers one-, two-, and three-year loans, but the company will work with you to match repayment terms to your budget. Loans are available in 36 states and Washington, D.C.
Why it’s a solid bet: Earnest could be a great option for younger borrowers who may not have a long credit history. Keep in mind that whatever history you do have will need to be mostly blemish-free, and you’ll also have to show that you have a healthy savings account and income that can easily support living expenses and a loan.

Best Unsecured Loans for Average Credit

It can be hard to find a personal loan with a reasonable interest rate if your credit isn’t top-notch. The lenders below will still consider you if you have less-than-sterling credit, with rates that are much better and practices that are much more reputable than payday lenders and the like.

• Related: What Is a Good Credit Score?

Avant

Avant can help you with loans from $1,000 to $35,000 if your credit isn’t good enough to nab the lowest rates, but you don’t want to look into secured loans. This online lender targets borrowers with credit scores of roughly 580 to 700, offering APRs of 9.95% to 36% for its WebBank-backed loans. Avant is available in 46 states (you’re out of luck in Iowa, Maine, North Dakota, and West Virginia). There are no origination fees.
Why it’s a solid bet: Loans of as much as $35,000 are hard to come by if your credit isn’t top-notch, and while the APRs aren’t the lowest around, they’re still fair for an unsecured loan at that level. Since Avant isn’t a peer-to-peer lender, you can have your money more quickly since you don’t have to wait around for investors to fund your loan. Terms are also relatively flexible, ranging from 24 to 60 months.

Peerform

While most peer-to-peer lenders focus on borrowers with good or excellent credit, Peerform is an option for borrowers with credit scores as low as 600. Its APRs are competitive (7.12% to 28.09%), and its fees are clearly disclosed.
However, this lender is only available in 37 states, and you may need to wait up to two weeks to get your money as investors decide whether to fund your loan. Peerform also charges several fees, including up to 5% for loan origination and a less-common collection fee and service charge.
Why it’s a solid bet: Peerform’s rates are among the best you’ll find with average credit, and the website is impressively transparent about exactly what you’ll need to qualify for a loan. Peerform also lends up to $25,000, a generous amount for average-credit borrowers. Just be aware that you won’t be able to choose a repayment term with Peerform — all loans require a three-year term.

Vouch

Vouch is an interesting new company that, as its name implies, requires at least one person to “vouch” for you in order for you to get a loan. Essentially, you can get friends or family to pledge a certain amount of money ($100 and up) in case you don’t pay back your loan, lessening the lender’s risk and leading to a lower interest rate than you might get otherwise.
Vouch makes loans from $500 to $15,000. APRs range from 7.35% to 29.99%, with loan origination fees from 1% to 5%. You’ll need a credit score of at least 600. Terms are relatively short at one to three years.
Why it’s a solid bet: Vouch has essentially made the traditional idea of co-signing a lot less threatening by allowing friends to back you with smaller, manageable amounts instead of being on the hook for an entire loan if you don’t pay. So if you have a big network to lean on, your interest rate will go down and the amount of money you can borrow may go up. Vouch also may be a good option for someone who is looking for a smaller loan that they can pay back quickly, since lower amounts and shorter terms are on offer.

PersonalLoans.com

PersonalLoans.com offers several types of loans from traditional bank personal loans, peer-to-peer loans, and installment loans. This service is available in all 50 states and loan amounts go up to $35,000 with APRs ranging from from 5% to 36%.
Keep in mind, PersonalLoans.com is only a referral site and not a direct lender. This makes it hard to know in advance critical information that might be easier to understand with a direct lender like which fees will be attached to your loan or which APR rates will be offered.
Why it’s a solid bet: PersonalLoans.com is a great option for borrowers looking for a quick turnaround on their loan. Just a three-step application process and you can have loan approval in minutes. Not only is it a well designed and informative website, since PersonalLoans.com is a referral resource, they can find you multiple offers with competitive interest rates, which is a huge timesaver when shopping around.

How I Picked the Best Personal Loans

You’ll want a competitive rate from your unsecured loan, but you’ll also want the flexibility to pick a term that works for you, low or no extra fees, and a lender with whom you’re comfortable doing business. Here are the factors I considered when picking the best unsecured loans:

• Low APRs: The lender’s advertised interest rates are in line with or better than those advertised by the competition.
• Low or no fees: Some lenders don’t charge fees other than interest; others may charge origination fees, late payment fees, or prepayment fees. If fees are present, they must not be significantly higher than its competitors’.
• Higher loan limits: Though you want to be careful not to borrow more than you can afford, the best lenders won’t cap their loans at low amounts, letting you borrow what you need.
• Flexible terms: Some lenders only allow you to pick from a couple of terms, such as three or five years. Lenders earned points for flexibility for allowing shorter or longer terms to accommodate a wider range of needs.
• Serves most of the country: While most major banks have national reach (or close to it), online lenders may only be able to do business in a limited number of states. Bonus points went to lenders with a wider reach.
• Transparent, informative website: The best lenders are transparent about APRs, loan limits, terms, fees, and other crucial information. It should be clear where to get these details, and you shouldn’t have to give your personal information in order to see it.
• Reputation: I considered each lender’s longevity, online reviews, and status with the Better Business Bureau. BBB accreditation is a plus, not a necessity, especially for newer companies. I also considered customer service ratings from the 2014 J.D. Power Retail Banking Study when applicable. I gave individual reviews less weight, as many negative reviews are from prospective borrowers unhappy about being denied.

Of course, before you decide to take out any loan, it’s always wise to educate yourself. Keep reading to make sure you know exactly what you’re getting with an unsecured loan and how to score the best deal.

Do I need good credit for a personal loan?

For the most part, yes. It’s possible that you’ll find a willing lender even with poor credit, but you’ll likely be paying an astronomical interest rate in order to lessen that lender’s risk.
Major peer-to-peer lenders typically won’t lend to borrowers with credit scores lower than roughly 640-660, and if your score is that low, your APR will be well into the double digits. For instance, peer-to-peer lender Prosper offers APRs as low as 5.99% for borrowers with the best credit. Borrowers with the lowest scores could be paying 35.97%.
If your credit isn’t great, experts advise starting with your existing bank, which may have a better idea of your finances. You may also want to try a credit union, which may be more flexible with its lending criteria. But a secured loan will almost certainly get you a better APR if you’re willing to put up the collateral. So will a co-signer with better credit, but that person will be on the hook for repayment if you default — a tremendous financial risk that could certainly ruin your relationship.
A word of caution: You may run across lenders who say they’ll give you an unsecured personal loan without even checking your credit. This is a common proclamation among payday lenders, who only require proof of income to make you a small, short-term loan. But the APR could be in the triple digits, and you may end up rolling over the loan from one month to the next when you have no real ability to repay. As a rule, be wary of any no-credit-check loan.
If you’re searching for a loan with bad credit, be sure to check out my post on the best bad-credit loans for some more reputable options.

Online Manglik dosh puja

Mangal dosh puja

Mangal dosh puja is mainly to appease the furious planet and position it at peace in the Navgrahas. The devotee must opt for Mangal Puja to eliminate Mangal dosha or observe smoothness during Mangal Mahadasha from in one’s planetary.

About this puja:

Even in its most basic form Mangal (Mars) planet depicts energy, motivation, will-power, self-confidence and ego. It is related to Tuesday and is usually considered as a very angry and furious planet.

Even in the Hindu marriage system, the Mangal Dosh is seen as a cause of many major problems in the married and homely life.

Its fury may affect and destroy:

    Ego and Self-confidence
    Will power, energy and motivation in life
    Inflammatory ailments, diseases, burns and other hazardous conditions
    Skin diseases
    The understanding of right and wrong
    Fortitude of strength
    Upheld or sour marriage

Why should you do this puja?

The puja is mainly to appease the furious planet and position it at peace in the Navgrahas. The devotee must opt for Mangal Puja not only to eliminate Mangal dosha or observe smoothness during Mangal Mahadasha from in one’s planetary cycle but also to reap the following benefits:

This puja also provides remedies over:

    Withheld motivation to achieve something big.
    Cures Skin diseases.
    Clarifies the conscience mind and soul.
    Eases the married life.
    Peace in homely affairs.
    Takes off the Mangal Dosh.
    Counters the effect of Kuja Dosh.
    Helps liberate one of debt, and so on.

Shubhpuja services

If you are unaware of the position of Mangal (Mars) in your planetary chart, we at Shubhpuja.com are here to your rescue.

We at Shubhpuja.com understand the value of a strong Mangal in one’s life. Our Pandits have been selected after a rigorous procedure of selection and are known to help relieve people of their problems. We understand that it is difficult to conduct pujas in such a busy lifestyle and we at Shubhpuja.com help you to diagnose these issues followed by suggesting remedies to cure these problems.

We will send you a qualified pandit trained in Hindu Shastras to conduct Online Manglik dosh puja at Devotees preferred location (home, office etc.) and time (or muhurat time suggested by Shubhpuja).

In this package, the puja will be conducted by one brahmin in 5 days.

If you live outside we can conduct Online Live Pujas and offer blessings to the god on your behalf.

New drugs and driving laws could have an unexpected side effect for many motorists

The new laws recommend legal limits for driving with 16 different drugs in the body – including eight common prescription drugs.

However, we found out that any driver in a road accident faces a routine test for driving while under the influence of drink or drugs – and unknowingly they could have traces of prescription drugs in their bodies days after taking a dose.

For instance, one of the prescription drugs on the list is clonazepam, which is routinely taken to treat epilepsy. The legal dose for driving is 500 micrograms, which is one tablet.

However, the average dose is between 500 micrograms and 1500 micrograms and the tablet’s ‘half-life’ – the time it remains active in the body – is between 20 hours and 40 hours

That means a driver on a high dose of clonazepam regularly taking tablets every day would soon build up a residual half-life of 500 micrograms which would see them fail a drugs test in the event of an accident.

The new rules make driving over the generally prescribed limits for each drug an offence, like drink driving.

Motorists convicted while driving under the influence of drugs can expect disqualification and problems finding car insurance once they are allowed back on the roads.

The 16 drugs named in the rules and their advised driving limits are:

Illicit drugs
Benzoylecgonine, 50 micrograms
Cocaine, 10 micrograms
Delta–9–Tetrahydrocannabinol (Cannabis and Cannabinol), 2 micrograms
Ketamine, 20 micrograms
Lysergic Acid Diethylamide (LSD), 1 micrograms
Methylamphetamine – 10 micrograms
Methylenedioxymethaphetamine (MDMA – Ecstasy), 10 micrograms
6-Monoacetylmorphine (6-MAM – Heroin and Morphine), 5 micrograms

Prescription drugs
Clonazepam, 50 micrograms
Diazepam, 550 micrograms
Flunitrazepam, 300 micrograms
Lorazepam, 100 micrograms
Methadone, 500 micrograms
Morphine, 80 micrograms
Oxazepam, 300 micrograms
Temazepam, 1000 micrograms

Road Safety Minister Robert Goodwill said: The result of the consultation is sending the strongest possible message that you cannot take illegal drugs and drive. This new offence will make our roads safer for everyone by making it easier for the police to tackle those who drive after taking illegal drugs. It will also clarify the limits for those who take medication.

“The limits to be included in the new regulations are not set at 0 as drugs taken for medical conditions can be absorbed in the body to produce trace effects.

“It is also important to recognise that different drugs are broken down at different speeds and that is reflected in the disparities between the limits.”

Read more: http://theinsuranceblogger.co.uk/new-drugs-and-driving-laws-could-have-an-unexpected-side-effect-for-many-motorists/#ixzz49JmpIneA

Student loans undermine the US mortgage market

Student loans undermine the US mortgage market
 Get a mortgage in the US, many citizens are still very difficult, despite record low interest rates to buy housing. The reason for this was the accumulated debts for education loans.
Americans aged 40 years still can not be made to pay for debts to banks. Recent data from the Federal Reserve Bank of New York, says that in this age group accounts for up to 2/3 of the student loans.
This situation slows down the recovery of the mortgage market: the number of homeowners in the age of 40 has decreased in the last quarter of last year by 4.6%, which was a record drop since 1982
Luke Nichter, professor of history, University of Texas, whose student debt is $ 125 thousand., Has no hope of obtaining a mortgage loan. Nichter pays $ 1,500 a month on student loans after obtaining a degree at Bowling Green State University in Ohio. He is one of the millions of students who, after graduating from university, burdened with debt.
“Student debt has a significant impact on the ability to buy a house, which means that reduced sales of washing machines and dishwashers, lawn mowers and other household goods”, - says Diana Swank, chief economist at Mesirow Financial.
This problem is exacerbated as a result of a bubble in the student loan market, the volume of which exceeds $ 150 billion, while interest rates for some existing loans exceeded 12%. Unlike mortgage loans from student borrowers with little hope of refinancing of debt at lower rates.


Private and federal debt of students in 2012 has already exceeded $ 1 trillion“I think we need to see more buyers in the housing market, because now in many places cheaper to buy a house than to rent it - Swank says, recalling the record low mortgage rates and housing prices, which are now 25% lower than in during its peak in 2006 - their absence does not only prevent the occurrence of buyers who want to improve their living conditions, but in general slows down recovery of the entire economy. ”
According to the Bureau of Consumer Financial Protection (CFPB) The main reason for this jump is the lack of many parents’ ability to finance their children’s education after the 2008 crisis
“Many families are faced with a significant reduction in the value of their homes, unemployment and a decrease in assets in their pension funds, in connection with which the parents had to cut spending on higher education of their children, which meant the growth of student debt,” - says Rohit Chopra, Commissioner for Human student borrowers in the CFPB, a supervisory body established as a result of the credit crisis.
Without significant changes in this area, many graduates of the United States will never be able to become owners of property that, according to research by the bank JPMorgan Chase & Co, will lead to the collapse of real estate market and a record seizure of the mortgaged property under the mortgage loan. During the March survey 9 out of 10 people said they want to have their own house. Nevertheless, the demand for rental housing is now at a ten-year maximum.
Those who find jobs after graduation in the labor market, which is now in the US is not at its best, ruin their credit history, prosrochivaya payment more than 90 days. According to the Federal Reserve Bank of New York, nearly a third of student borrowers overstay their payments.
About 60% of bank risk managers are expected to repay the student loan growth in a period of the next six months, according to a recent report by Fair Isaac, the company that created the FICO credit scoring system. Those respondents stated that non-payment of other types of consumer loans are likely to remain at the same level or decrease.
The problem lies in the fact that most of the students of the debtor can not file for bankruptcy. And if the bankruptcy of the borrower takes a mortgage payment and credit card debts, then this procedure will not help in the case of a student loan. Due to changes in US law in 2005, the student can not be freed from debt, except in the case of his disability. In return for the loan the lender may require the debtor to reimbursement of income tax, payroll and even pension benefits.
“You have more chances to die in a car accident than say goodbye to debts in case of bankruptcy, - says Mark Kantrowitz, the head of the FinAid.org website dedicated to student grants and loans -. You can not escape payment of the loan.”
Megan Lilborn, after graduating from Texas Christian University in Fort Worth with a master’s degree in the field of social issues and religion, regret that not spending money at the university more economically. By the time Megan got a degree, she got into debt by $ 40 thousand. As a result, Lilborn having one child is still forced to rent an apartment and do not even dream to buy a home.
“If I knew that it happened, I would have never picked up a student loan - Lilborn says -. I have learned to live on my money and stayed at his parents’ house.”
According to data obtained from the Federal Reserve Bank of New York, about 37 million people have the public and private student loans. Almost half of these loans in deferment, that is, borrowers should not have to pay during their studies at university or facing unemployment. Nevertheless, in many cases, these percentages increased duty periods are added to the principal amount of the loan.
Meanwhile, despite the weak demand for home purchase by students of the debtor, property prices in the US continue to grow. Only at the beginning of this year, housing became more expensive by almost 10% year on year. This jump was not observed since April 2006 In this case, the figure is continuously growing for 10 months. This situation may be indicative of an unhealthy state of the US mortgage market.

Student loans - the most serious risk to the US

Student loans - the most serious risk to the US
 Billionaire Bill Ackman believes that the biggest risk to the credit market are student loans. This writes Bloomberg.
“The volume of student loans more than a trillion dollars, and there is no chance that the students are going to pay for it”, - said the head of Pershing Square Capital Management, Bill Ackman on Investment Summit in New York.
The volume of such loans in the second half of last year reached $ 1.3 trillion. This figure also includes private loans without government guarantees. Equally impressive volumes led experts to draw parallels the mortgage crisis that began in 2006 also reported that now student loans in the amount of $ 100 billion is the default, that is, the order of 9%. Such data are the Treasury Borrowing Advisory Committee.

Bill Ackman notes that young people have a special character and, in his opinion, they will be glad that or another authority they forgive these debts. By the way, Akman, who last year showed one of the best results, said he does not like fixed income is largely due to the extremely low interest rates. He also warned about the significant credit risks associated just with student loans.
We have already received information that the White House is considering options for bankruptcy on student loans. Some economists have already dubbed the bubble of student lenders as one of the largest, and the following capital injections have to do it in this segment.

Student Loans - The Cause of Inequality

Student Loans - The Cause of Inequality
A huge number of Americans are paying each month on their loans for education, while the cost of debt service do not allow them to invest money in your retirement account, that is, they can not save for the future.
Most of them wants to get rid of debt and start saving. But even when they are being paid for their studies, they will not be able to catch up with his wealthy peers who do not have a student loan and all their earned money sent immediately to the treasury.
Such debtors in the US, according to various estimates, about 37 million people, and the total debt for education is estimated at $ 1 trillion.

This student loan is the cause of social inequality between the rich and the rest of the United States.
If the graduate just starting to do their welfare, beginning to invest in stocks, bonds or real estate, then he just has more time to see how his investment grow. At the same ones who are burdened by student debt, this is not possible, and the average loan for education, by the way, is paid 10 years, and sometimes longer.
But the figures for comparison. As of 2009, the state of the average household, not burdened with student loans was $ 118 thousand. And households state that has such a loan in liabilities, only $ 43 thousand. The difference, as they say, is obvious.
According to the research company Pew Research Center in 2012, among the households with family members under the age of 35 years have a 40% student loan.
Associated Press cites an example. There is a certain Mr. Ashton, who was lucky enough to get an education, without resorting to credit. He was 22 years old, and he is already making to 6% of their salary to the pension fund.
“We earn the same money, but my peers have to pay the loan, and I’m not This is a very big difference.”, - He says.
Student loans in the United States took a tremendous interest in the structure of household debt. According to the Federal Reserve Bank of New York, the total amount of these loans is greater than auto loans and credit card debt. The amount of leverage on them has increased in the period from 2004 to 2012. 70%.
US authorities have recognized the problem. They also believe that inequality in society has reached a critical point and the need to take action.
-So What initiatives are already proposed by President Barack Obama and Congress discussed the possibility of refinancing student loans with a high rate under lower.