Short sale tax break on verge of being extended until 2017 #reverse #mortgage #lenders


#mortgage relief act

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Short sale tax break on verge of being extended until 2017

Homeowners who had short sales in 2015 are about to get big break on their taxes, thanks for a massive federal spending bill that s about to be signed into law by President Obama.

The Mortgage Debt Forgiveness Act was set to expire at the end of 2015, and without an extension, any mortgage forgiveness achieved in a short sale would have been counted as income for homeowners whom banks allowed to sell their homes for less than the amount of their mortgage during 2015.

But an extension to the Mortgage Debt Forgiveness Act was included in the fiscal 2016 federal appropriations and tax relief bill, which passed both the House of Representatives and the Senate on Friday.

The bill is now awaiting the signature of President Obama, who reportedly will sign the bill into law on Friday, meaning that borrowers who had short sales in 2015 are about to be able to breath a little easier.

This is not the first year that the extension of the short sale tax break has come right down to the wire. Last year, President Obama signed the 2014 version of the short sale tax break on Dec. 29.

But what s different in this year s version of the short sale tax break applies not only to short sales that took place in 2015, but it also extends the short sale tax break to cover any short sales that take place in 2016 as well.

Previous extensions of the short sale tax break only covered short sales during the previous year, leaving many homeowners wondering if they were going to get stuck with a massive tax bill.

While last year s short sale tax break was in Congressional limbo, a report from RealtyTrac estimated that in the first three quarters of 2014, there were more than 170,000 short sales representing a mortgage debt forgiveness of $8.1 billion total.

The average short sale has a mortgage forgiveness of about $75,000, which if the tax break expired would be counted as income.

RealtyTrac also estimated that the potential taxes on the average short sale to be $22,114, which would have brought the total tax liability to $2.7 billion.

But that didn t happen last year, and it s now one step away from not happening in 2015 or 2016.

This month in
Housing Wire magazine

The winners of our Insiders award are people who get things done, who are known throughout their companies as the “go-to” person in their department or division. They provide expertise in areas as diverse as operations, compliance and client services, but also have a reputation for going above and beyond their assigned roles to help out their colleagues, their companies and their clients.

Feature

In May of 2016 Airbnb had almost 1.4 listings on the site and raised its revenue projection for this year to more than $900 million. But the site impacts more than just hotel chains. As more investors, not just homeowners, use the site to rent out spare rooms — and even spare couches — it strains the supply of rental houses.

Commentary

A funny thing happened while the mortgage process became more automated. Rather than reduce human interaction, which some skeptics anticipated, automation technology is in fact having the opposite effect. It is enabling mortgage lending to become a people-first business once again.

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Company

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When Can I Get a Mortgage After Short Sale? #best #home #mortgage #lenders


#can i get a home loan

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When Can I Get a Mortgage After Short Sale?

If you have lost your home through a short sale and want to get another mortgage loan, you may be wondering how long you’ll have to wait. Your credit will take a hit after a short sale, although possibly not as much as it would if you had lost your home through foreclosure. Nevertheless, a short sale will likely prevent you from getting another mortgage right away. The amount of time you must wait before applying for a new mortgage loan depends on the type of lender and your financial circumstances. Read on to learn more.

(For more articles on rebuilding credit after foreclosure, visit our Improving Credit After Foreclosure and Bankruptcy topic area.)

Getting an FHA Loan After a Short Sale

The amount of time you must wait to obtain a new FHA mortgage varies, depending on your credit history and the reasons for the short sale.

No Waiting Period

You may not have to wait to apply for a FHA-insured mortgage loan following the short sale if:

you were not in default on the prior mortgage at the time of the short sale, and

you made all of your old mortgage and other installment debt payments on time for at least 12 months leading up to the short sale.

Three Year Waiting Period

If you were in default on the old mortgage loan at the time of the short sale, then you must wait at least three years before applying for another FHA loan. The three-year waiting period starts to run from:

the date of the short sale, or

if the prior mortgage was also an FHA-insured loan, from the date that FHA paid the claim on the short sale.

Exceptions to the Three Year Waiting Period

You may be able to qualify sooner than three years if you can show that extenuating circumstances caused the mortgage default. Extenuating circumstances might include:

serious illness or death in the family, usually involving a primary wage earner

divorce (in limited situations), or

You must also show that you had good credit prior to the event that caused you to default on the old mortgage. That means you should make all of your debt payments on time following the short sale.

When You Will Not Be Eligible for a New FHA Loan

Notwithstanding whether or not you defaulted on the old mortgage loan, you are not eligible for a new FHA loan if you were using the short sale simply to take advantage of cheaper housing prices. That means you cannot use the short sale as a way to get rid your old house in a declining housing market and buy a comparable house for a lower price.

Getting an Fannie Mae/Freddie Mac Loan After Short Sale

Waiting periods for a Fannie Mae or Freddie Mac mortgage loan following a short sale vary, depending on the circumstances. It depends in large part on how much money you are able to put down as a down payment. Your waiting period will be:

two years, if the maximum loan-to-value (LTV) ratio of the loan is 80%

four years, if the maximum LTV is 90%

In other words, you’ll have to make a 20% down payment to wait two years, 10% down payment to wait four years, or the minimum down payment if you wait seven years.

Exceptions to the Normal Waiting Periods

You may be able to shorten the waiting period to two years for a Fannie or Freddie loan if you can also meet the following requirements:

prove in writing that the short sale was the result of extenuating circumstances, and

the maximum loan-to-value (LTV) ratio of the new mortgage is 90%.

Also, the seven-year waiting period only applies to conventional loans that are sold to Fannie Mae or Freddie Mac. This rule does not apply to Fannie or Freddie loans that are FHA-insured.

Conventional, Private Lenders

For most other types of lenders, the waiting periods can vary. Most lenders tend to follow Fannie Mae’s guidelines for post-short sale mortgages. Other lenders may shorten the post-short sale waiting period, provided that you make a larger down payment (sometimes 25% or more) and agree to a higher interest rate. You will also need to have good credit.

Your FICO Score

Notwithstanding the waiting periods, for each type of lender, you must still establish good credit following the short sale. That means your FICO score must meet the lender’s minimal requirements to qualify for a post-short sale mortgage loan. Alternatively, while you may be able to obtain a new mortgage with a low FICO score, you may have to make a larger down payment or pay a higher interest rate.

Short sales can damage FICO scores. And the higher your credit score, the bigger the FICO drop with a short sale. You may fare slightly better if the short sale resulted in no deficiency (meaning you sold the house for more than what you owed on the mortgage loan) than if the short sale did result in a deficiency. To learn more see, FICO Provides Insight Into the Impact of Foreclosure, Bankruptcy, and Short-Sale on Your FICO Score .

To re-establish good credit and boost your FICO score, you should:

always pay your bills on time

keep your credit account balances low

monitor your credit report for errors and inaccuracies, and

maintain a small number of credit accounts.

Monitor and Correct Your Credit Report

It is essential that you review your credit report immediately if you anticipate applying for a new mortgage following a short sale. That is because short sales are frequently reported as “foreclosures” on credit reports. If your short sale is reported as a foreclosure on your credit report, you may be erroneously denied a new mortgage loan because:

your FICO score is lower than it should be (foreclosures are more damaging to FICO scores than short sales)

the lender mistakenly applied a longer post-foreclosure waiting period against you when you would have otherwise qualified, or

the lender required you to make a higher down payment than what you would have been required to make if the short sale were properly reported.

(To learn about the impact of foreclosure on your ability to get a new mortgage, see When Can I Get a Mortgage After Foreclosure? )

You should contact all three major credit reporting agencies to correct the error and be prepared to supply documentation of the short sale to your lender.

For more information on how to correct your credit report, visit Nolo’s Credit Repair section .


Short sale tax break on verge of being extended until 2017 #tila #mortgage


#mortgage relief act

#

Short sale tax break on verge of being extended until 2017

Homeowners who had short sales in 2015 are about to get big break on their taxes, thanks for a massive federal spending bill that s about to be signed into law by President Obama.

The Mortgage Debt Forgiveness Act was set to expire at the end of 2015, and without an extension, any mortgage forgiveness achieved in a short sale would have been counted as income for homeowners whom banks allowed to sell their homes for less than the amount of their mortgage during 2015.

But an extension to the Mortgage Debt Forgiveness Act was included in the fiscal 2016 federal appropriations and tax relief bill, which passed both the House of Representatives and the Senate on Friday.

The bill is now awaiting the signature of President Obama, who reportedly will sign the bill into law on Friday, meaning that borrowers who had short sales in 2015 are about to be able to breath a little easier.

This is not the first year that the extension of the short sale tax break has come right down to the wire. Last year, President Obama signed the 2014 version of the short sale tax break on Dec. 29.

But what s different in this year s version of the short sale tax break applies not only to short sales that took place in 2015, but it also extends the short sale tax break to cover any short sales that take place in 2016 as well.

Previous extensions of the short sale tax break only covered short sales during the previous year, leaving many homeowners wondering if they were going to get stuck with a massive tax bill.

While last year s short sale tax break was in Congressional limbo, a report from RealtyTrac estimated that in the first three quarters of 2014, there were more than 170,000 short sales representing a mortgage debt forgiveness of $8.1 billion total.

The average short sale has a mortgage forgiveness of about $75,000, which if the tax break expired would be counted as income.

RealtyTrac also estimated that the potential taxes on the average short sale to be $22,114, which would have brought the total tax liability to $2.7 billion.

But that didn t happen last year, and it s now one step away from not happening in 2015 or 2016.

This month in
Housing Wire magazine

The winners of our Insiders award are people who get things done, who are known throughout their companies as the “go-to” person in their department or division. They provide expertise in areas as diverse as operations, compliance and client services, but also have a reputation for going above and beyond their assigned roles to help out their colleagues, their companies and their clients.

Feature

In May of 2016 Airbnb had almost 1.4 listings on the site and raised its revenue projection for this year to more than $900 million. But the site impacts more than just hotel chains. As more investors, not just homeowners, use the site to rent out spare rooms — and even spare couches — it strains the supply of rental houses.

Commentary

A funny thing happened while the mortgage process became more automated. Rather than reduce human interaction, which some skeptics anticipated, automation technology is in fact having the opposite effect. It is enabling mortgage lending to become a people-first business once again.

HousingWire.com

HW Community

Company

Connect With Us


E trade is the second lender on a short sale #mortgage #rates #houston


#etrade mortgage

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E trade is the second lender on a short sale. Anyone have any experience with them agreeing?

I am representing the seller and his first is with Citimortgage, He recieved his NOD while I was at the open house this past Sunday so now we’re trying to beat the clock and have about 2 months.

I just sent the letter of autho. to both Citi and Etrade (HELOC) and today we received an offer. I’m wondering if anyone has heard of Etrade Bank agreeing to a short sale.

I also heard that second position is starting to require 10% minimum. Does anyone have any direct experience with either of these.

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71 answers

E-trades requires 10% of the loan amount. I just got approvel from the 1st lien holder which is LItton Loan Services and E-trade is the 2nd, both approved. Make sure that you ask you’re negotiatorto post pond the trustee sale. If you’re in the process of negotiation a short sale they well post pond.

I’ve had the same thing happen with etrade. They had the First on a short sale in which i represented the buyers. In the short sale acceptance they stated they would allow the short sale to proceed and release the lien on the property but declined to accept the minimum net proceeds in full satisfaction of the amount due under the loan. After consulting two RE attorneys the decision was to foreclose on the property. We tried to have the language changed in the short sale acceptance time an again to no avail. 7 months of hard work a distraught buyer and not to mention seller! Be very carful taking Short sales where etrade is the lender. Gd luck

If it wasn’t purchase money then the one action rule exists. The second may have been wiped off of the title to the property through trustee sale but they have up to 4 years to seek a judgement from the homeowner. This would then be their “one action”.
They will usually sell off this paper to a recovery or collection agency for pennies on the dollar. These folks can be VERY difficult to deal with.

Etrade said in the approval the note holder reserves the right provided in the note will remain enforcable if allowable by law, including but not limited to the collection of any deficiency balances.

My client did his due diligence and after a few days gave me the o.k. to continue and close the deal.

I guess you never know what a client is going to decide.

Our loan is with PNC/National City as the servicer but ETrade as the investor. HELOC 2nd (non purchase money recourse loan in California) with a balance of $350K.

We are having a hell of a time. Six months ago, they agreed to a lien release if we got them 40% or a full release if we got them 60%. At the time we had perfect credit and some money in the bank and an offer on the table. That buyer walked.

After the buyers walked we requested that the bank approve a slightly lower short sale since, in the high end market, an unapproved short sale sells way low. They would not.

Now six months down the road we have been late the last 3 months (30 days) and have no money in the bank (husband unemployed). We finally got another offer that nets them $38K. Furthermore, their BPO is now $200K less AND less than our first so they would net nothing in a foreclosure sale.

We just got the answer back and they said their offer remains the same as six months ago i.e. $215K for settled in full or $150K for a lien release.

Since our loan balance is $350K, I’m assuming they think we will make up the difference of $175K or that the buyer might be willing to pay as much as $350K more than their BPO.

Are they crazy? They are allowing us no alternative but to let the house go into foreclosure. We asked them to come back with something more reasonable as that settlement was based on a different market and a different financial picture and they said they would not. I asked to speak with Etrade directly and PNC said I could not.

We are beyond frustrated in large part because we could have had the house sold for only a minor loss a year ago but that would have required a short sale negotiation and those buyers were not interested in the short sale process. So our offers are low because of the short sale process yet the bank wants us to make up the huge shortfall that they caused.


The basics of long-term disability insurance #long #term #disability #insurance, #short #term #disability


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The basics of long-term disability insurance

By Insure.com – Last updated: June 3, 2016

You might think your risk of becoming disabled is nil, unless you have a dangerous job or you re a daredevil on weekends.

But about one in four of today s 20-year-olds have a chance of becoming disabled sometime before they retire. The average long-term disability absence from work lasts 34.6 months almost three years, according to the Council for Disability Awareness. That’s a long time to survive without a steady income.

Musculoskeletal and connective tissue disorders — including neck and back pain, joint, muscle and tendon disorders and foot, ankle and hand disorders — were the leading cause of new long-term disability claims in 2013, according to the council s review of claims data. Cancer ranked second among the primary causes.

A disability can strip you of your ability to make a living. While some people can tap into their savings to get by without working for a few months, few people can afford to stop working altogether for a longer period of time.

That’s where long-term disability insurance can help. Long-term disability policies provide you with income for an extended period. Most people who have long-term disability insurance get it through their employers, although you can buy individual long-term disability insurance on your own.

Long-term disability insurance explained

Long-term disability coverage picks up where short-term disability insurance leaves off. See these basics of short-term disability insurance for an overview.

Once the short-term benefits expire (generally after three to six months), long-term disability insurance pays a percentage of your salary, usually 50 to 60 percent, depending on the policy. The benefits last until you can go back to work or for the number of years stated in the policy.

Some policies pay out as long as you are disabled until age 65. The average annual premium for a new group long-term disability policy in 2013 was $226 per person, according to Gen Re s 2013 U.S. Group Disability and Group Term Life Market Survey.

If you pay your own premiums with after-tax dollars, your disability benefits will be tax-free. If your employer pays for the policy, most likely with pre-tax dollars, you ll have to pay income taxes on the benefits.

Most disability insurers will work with employers to help you return to work as quickly and safely as possible. While disability insurers want to see people healthy and rehabilitated, they also save money if a claimant quickly returns to work.

You’ll most likely find your disability insurer managing the claim if you are “partially disabled” — meaning you can still work but only in a job that pays substantially less. In cases where you re only able to earn less than 20 percent of what you previously made, you ll likely get full disability benefits that are based on your pre-disability income.

For example, if you worked in a warehouse and earned $40,000 annually, then hurt your back and had to take a part-time desk job that paid less than $8,000 a year, your long-term disability policy likely would pay you full benefits based on your pre-disability wages of $40,000. If the full benefit was 60 percent, you would get 60 percent of $40,000, or $24,000.

If, however, you were able to earn between 20 and 80 percent of your pre-disability income, you d get a proportionate amount of income based on the percent you could earn. If you can earn more than 80 percent of your pre-disability income, most insurers do not consider you disabled.

Causes of new long-term disability claims

Musculoskeletal/connective tissue disorders: 28.6 percent

Cancer: 15.1 percent

Injuries and poisoning: 10.3 percent

Cardiovascular/circulatory: 8.7 percent

Mental disorders: 8.3 percent

Nervous system-related: 7.7 percent

Pregnancy and childbirth complications: 5.9 percent

Other: 15.4 percent

Source: 2014 Council for Disability Awareness Long-Term Disability Claims Review, based on 2013 claims.

A few insurers offer a dependent care reimbursement benefit, meaning they also reimburse the employee for child care expenses if the employee’s spouse must go back to work as a result of the disability.

If you become disabled and begin receiving benefits, you will no longer have to pay premiums. Most policies contain a “waiver of premium” provision that states you can stop paying premiums if you are disabled for 90 days or longer.

Buying individual disability insurance

If your employer does not offer group disability insurance, or if you think your group policy does not provide adequate coverage, you may want to consider buying an individual long-term disability policy. You can buy this through financial planners, the same agents who sell you life insurance or annuities, or sometimes through your mortgage company.

Most policies are sold on a “non-cancellable” or a “guaranteed renewable” basis, according to the Insurance Information Institute (III). With a non-cancellable policy (which requires an initial medical exam), the insurer cannot cancel the coverage or raise your premiums. If you buy a policy on a guaranteed renewable basis, the insurer cannot cancel the coverage as long as you pay premiums, but it can raise rates on a class or group of insured people who have the same policy, work at the same place or share another, non-risk-associated characteristic.

According to the III, most individual policies also have features that allow benefits to keep pace with inflation or gradual salary increases, such as a cost of living adjustment, which adds a percentage to your benefit each year.

Disability insurance is an important piece of your insurance portfolio that will help protect you during life’s unexpected events. If you are dependent on your working income, make sure it is protected.

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Short Term Business Loans, Caveat Loans in Australia – Basic Finance #short #term #loans #business


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Short Term Business Loans

About Finance

Basic Finance is Australia’s leaders in short term business loans. short term commercial loans and asset funding. We have the experience to work with clients to tailor a suitable short term loan for all business needs. It is an ideal way to obtain quick borrowings for a large variety of reasons.

Apply now and see why Basic Finance is most experienced and reputable business and investment finance specialists in the industry.

We are now happy to introduce our new secured loan product which lends money against cars, boats, art and anything of value with a less than a 24 hour tum around time. Our main objective is to service our client’s with the upmost professionalism and discreetness.

At Basic Finance we understand what it is to be in business in today’s financial climate and therefore have introduced the Secured Business Loan Product so you can discreetly borrow some funds for a short time to get you through the little hurdles which have been put in front of us all.

Basic Finance is a specialized firm that offers short-term and long Term business and investment finance solutions to companies that are facing financial difficulties. Our solutions focus on the injection of working capital and/or equity restructure.

Why Basic Finance?

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NO CREDIT CHECKS

MONEY WITHIN 24 HOURS

NO FINANCIALS REQUIRED

24/7 AVAILABILITY

FAQs

Is Basic Finance a lender?

Basic Finance is a lender and a Loan originator, We trust that we can offer best rates and settle transactions in timely manner with no hassle to you and on your terms. We have close business relationships with over 100 private equity firms and private investors which allow us to settle transactions up to $50 Million

Will Basic Finance charge me anything for the service?

No. The service is completely free of charge and can be used anytime. Please tell your friends about us!

Is Basic Finance independent?

Yes. We are not owned fully or partly by a Lender so our system delivers 100% unbiased results based purely on your needs.

Do we have direct relationships with Australian lenders?

Yes. Our relationships are only direct with Australian non-bank business lenders. This is to ensure the best possible experience for you. We’ve done the hard work to ensure you can navigate your way to the best options all delivered within minutes.


Tour Operators – German Christmas Market Holidays #tour #operator, #operator, #uk #tour #operator, #directory, #christmas


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Christmas Market Tours Tour Operators

UK Tour Operators

Angela Holidays Ltd

Applegates Coaches

Archers Direct

Caledonian Travel

DFDS Seaways

Door2Tour.com

Edwards Coaches

German Travel Centre

Glenton Holidays

Gold Crest Holidays

Great Rail Journeys

Harry Shaw City Cruiser Holidays

Insight Vacations

Just You

Kirker Holidays

Leger Holidays

Martin Randall Travel

National Holidays

Palmers Travel

Phoenix Holidays

PS Travel

Railbookers

Russell Hafter Holidays

Shearings Holidays

Travallen Travel

Travel Without Borders

Travelsphere Ltd

Treyn Holidays

Group Tour Operators

Adaptable Travel

Adelanta Travel Services

Destinations Group Travel

Dragons International

European Connoisseurs Travel

Galina International Study Tours

Greatdays Travel Group

Halsbury Travel

NST Travel Group plc

Rondo Travel Ltd

Schools into Europe

Simply Groups

The School Travel Company

Tours Designed

Travelbound Educational Tours

If you are planning to take your students on a school trip abroad to experience the festive delights of the European Christmas Markets then look no further. With over 28 years experience arranging exciting, educational tours, we know how to make it hassle free. School trips are what students remember most about their school lives & we work with our school trip organisers to ensure you get the best price & the best experience possible! *

Tel. 01273 265265 – Brighton

Wyvern Schooltours Ltd

Wyvern Schooltours is a reputable, respected and long-established ABTA bonded, independent specialist school tour operator. We specialise in tailor-made, high quality, educational Christmas market tours to Cologne, Aachen and the Rhineland. Our flexible, friendly service is designed to accommodate your precise need.*

Tel. 01225 766 346 – Trowbridge, Wilts


Payday Loans up to $1, 000 Personal Loans up to $3, 000 #payday #loans, #cash


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Simple Online Form Fast Access to Funds

1041 4th Avenue, Suite 302, Oakland, CA 94606
USA Owned Operated

Representative APR Range

LoanSolo.com is not a lender and does not provide short term or online personal loans but refers consumers to the lenders who may provide such loans. LoanSolo.com is unable to supply you with an exact APR (Annual Percentage Rate) that you will be charged if you are approved for a loan. APRs depend on multiple factors, including the lender’s requirements and offers, your credit worthiness, your state of residence, and the type and term of the loan you request. You will be given the details on the APR, loan fees, and other terms by your lender when you are redirected to your loan agreement during the loan request process.

The APR on a short term loan can range from 200% to 2,290% depending on how the APR is calculated (nominal vs. effective), the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan renewal actions, and other factors. Keep in mind that the APR range is not your finance charge and your finance charge will be disclosed later on. See a Representative Example

Borrow $200 for 14 days with a $30 to $60 lender fee. Your estimated APR is 391% to 782%
Calculation: (lender fee / loan amount) x (amount of days in a year / duration of the loan) x 100
Low End of Range: ($30 / $200) * (365 days / 14 days) x 100 = 391.07%
High End of Range: ($60 / $200) * (365 days / 14 days) x 100 = 782.14%
Payday loans are relatively expensive when compared with other loan products. Payday loans are not recommended as a long term financial solution and they should only be taken for emergency financial needs.

The APR on online personal loans can reach up to 1,386% depending on the lender’s terms, borrower’s residence state, the duration of the loan, loan fees incurred, late payment fees, non-payment fees, loan extension plan, and other factors. Some states cap APR and the amounts of charges for online personal loan.

Implications of Late Payment

You are encouraged to contact your lender as soon as possible if you are unable to repay your loan on the scheduled repayment date or make regular installment payment on time. Your lender may set late payment fees in accordance with state regulations, and your lender has several courses of action to deal with late payment. For more information about your lender’s specific procedures as they apply to late payments, please review your loan agreement or contact your lender directly. Origination, documentation and other additional fees may apply to your online personal loan deal. Late payment, non-payment fees and other penalties may apply to both short term and online personal loan deals in case of missed payments. Please review your loan agreement carefully for information about the financial implications before you provide your electronic signature.

Implications of Non-Payment

The costs associated with loans of up to $500 can range from 15% to 40% of the entire loan amount, and the charges associated with loans of more than $500 can be even more. Your lender may also charge you late fees as well as fees for non-sufficient funds. As an example, your lender may charge you a $20 nonsufficient funds fee as well as 15% of the loan balance as a late fee. Please review your loan agreement carefully for information about the financial implications of non-payment before you provide your electronic signature.

Non-payment may involve debt collection practices as it is set by applicable law. The majority of the lenders in our network do not intend to sell your debt to outside collection agencies. Instead, they will attempt to collect the debt in-house via telephone, email, postal mail or even text message. Similarly, they will not threaten criminal charges or sue borrowers; they will generally offer debt settlements over time instead. Every lender in our network is required to adhere to the Fair Debt Collection Practices Act, which protects consumers from being abused or harassed by debt collectors.

Impact on Credit Score +

Lenders are within their rights to report your failure to repay a loan to one or all of the major credit reporting agencies — Experian, Equifax and Transunion. This negative record can be reflected on your credit history indefinitely until the loan is repaid in full. After the lenders receive payment in full, they can report it to the credit reporting agencies. We remind that late payment or non-payment of your loan can have negative impact on your credit history.

Some of the lenders in our network may automatically renew your short term loan if it becomes past due. This term is clearly identified in your loan agreement. You should check your loan agreement for your lender’s policy on automatic loan renewal prior to e-signing it. If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.

Legal Disclaimer: This website does not constitute an offer or solicitation to lend. LoanSolo.com is not a lender and does not make loans or credit decisions. Loansolo.com provides a matching service only and is not acting as a representative, agent, or correspondent for any of the lenders we contract with. Loansolo.com does not charge a service fee. Loansolo.com does not control and is not responsible for the actions or inactions of any lender. Loansolo.com does not endorse any particular lender or loan product. You are under no obligation to use the service, initiate contact, or request credit with any of the lenders. This service is not available in all states. The residents of Arkansas, New York, Vermont and West Virginia will not be able to use the service of the website. Service availability and scope are subject to change without notice.
Subject to our privacy policy, loansolo.com will transfer your information to lenders in our program and other service providers and marketing companies with which we do business who may or may not offer payday loans up to $1,000 and online personal loans up to $3,000. Loansolo.com does not guarantee that completing an online form will result in your being matched with a lender, being offered a loan product with satisfactory rates or terms, or a loan product of the requested sum or desirable terms, or receiving any approval from a lender in the first place.

Credit Check: Participating lenders may verify your social security number, driver license number, national id, or any other state or federal identifications and review your information against national databases, including but not limited to Equifax, TransUnion, and Experian, to determine your credit worthiness, credit standing and/or credit capacity. By submitting your information via our online form on this website, you agree to allow any and all participating lenders to verify your information and check your credit.
Not all the lenders in our network can provide up to $1,000 in payday loans and $3,000 in online personal loans. The limits and regulations vary from state to state. Cash transfer times and terms may vary from lender to lender.

Consumer Notice: We remind that payday loans and online personal loans for small dollar amounts are not a long term financial solution. These credit options imply relatively high interest rates and become a very costly solution if used improperly. Consumers that seek funds for longer terms or debt relief should consult credit advisor prior to making credit decisions of taking a short term or an online personal loan for small dollar amount.


Short-term Disability Insurance #short #term #disability #mn


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Short-term Disability Insurance

Short-term disability provides income replacement benefits when an injury, sickness, or pregnancy results in your continuous disability for up to 180 days. It is an optional product offered by the University and provided by Life Insurance Company of North America, a Cigna company.

Eligibility and Enrollment

As a newly eligible employee, you may enroll online in MyU within 30 days of employment without providing medical evidence of insurability. Coverage becomes effective the first day of the month following your first day of employment.

You may select an amount to replace up to 66.67% of your salary, in increments of $100, but no more than $5,000 per month.

You have another opportunity during Open Enrollment in November to add coverage without evidence of insurability if you have an existing amount of short-term disability coverage. You can add up to $200 of coverage provided that you do not exceed 66.67% of your salary. Your new coverage will be effective on January 1 of the new plan year.

Coverage Benefits

Benefits are paid from the first day of a disability due to an accident, or the eighth day of a disability due to sickness or pregnancy, if your claim is approved. The maximum duration of benefits for a disability is 26 weeks.

Partial Disability Benefits

You may be eligible for a partial disability benefit when you return to work and are able to perform some, but not all, of the essential duties of your occupation, and your work earnings are 80% or less of your covered weekly earnings. If your work earnings are equal to or exceed 80%, you are not eligible for a partial disability benefit.

You may receive your unreduced short-term disability benefit plus your work earnings while you are working part-time; however, the combination cannot exceed 100% of your pre-disability earnings.

Making a Coverage Change

You may decrease the amount of coverage or cancel coverage at any time during the year. However, if you wish to enroll again at a later date, you will need to provide medical evidence of insurability.

Making a Claim

Rates

For this benefit you pay 100% of the cost of the coverage. Because you pay the premium with after-tax payroll contributions, the benefits you receive are not subject to FICA, federal and state taxes.

The cost of coverage depends on the amount of monthly benefit you select. Calculate your Maximum Monthly Benefit Amount by taking your annual salary multiplied by 66.67%; divide by 12 (months), then round down to the nearest $100.

You may select any benefit amount shown up to the lesser of your Maximum Monthly Benefit Amount or $5,000.

2017
Rate per Pay Period


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HOW CAN WE HELP YOU

XCELSIOR is a privately owned registered credit provider in South Africa – providing short-term loans when you need cash flow fast.

Our private-equity funded business is revolutionising the loans industry, as we do not require credibility from our loan applicants. The only requirement is collateral in the form of motor vehicles (cars, bakkies SUVs, trucks, motorbikes, caravans and even motorised sports vehicles, like jet skis), where the value of your vehicle determines the loan amount you qualify for.

Unlike banks and other credit providers, we do not conduct any affordability assessments. Our unique approach is particularly beneficial to clients who are not considered credible by mainstream financial institutions in South Africa. We thus even welcome clients who are blacklisted.

The application process is quick, easy and paperless. You can have the cash transferred to the bank account of your choice within 45 minutes. There is no lengthy administrative process and no red tape. Loans are available from a minimum of R5 000 to a maximum of R500 000 and only limited to the value of assets offered as security.

XCELSIOR’S unique loan model makes us the preferred short term credit provider in South Africa. We believe in doing well by doing good .

(XCELSIOR Financial Services is a Registered Credit Provider NCRCP4752)

I want to thank you for the wonderful service that you are able to render. It is quick and trouble free, and your interests are amazing. I am going to recommend people to come and get help from you.I received my money within twenty minutes of starting the process and trust me, I was desperate. Now I have a company that I can rely on. What really impressed me most was your warmth and respect for your clients. Keep up the good work!
Reginah

I liked the reception XCELSIOR gave me and I am going to refer friends who are stranded. The other thing is that XCELSIOR showed a lot of patience and one will always feel relaxed. Thank you!
Martha

Hiermee word u firma hartlik bedank vir die korttermynlening wat u vir ons gereël het en die spoedige wyse waarop die fondse oorbetaal is. Wees verseker dat ons, as die geleentheid sou opduik, u firma beslis sal aanbeveel.
Johan

To the staff and members of XCELSIOR, I say keep up the good work and I promise that I am going to send you a lot of referrals and I am already telling people how helpful and friendly you people are. Even during the loan period, I liked the service I received from you. Keep up the good service.
Gladys

I would like to thank XCELSIOR for the short term loan that you arranged for me and for the quick payment that was received. Thank you very much for the professional way in which you dealt with me and the needs I had at that point in time. Please be assured that if the need arise in the future, I will make use of your services again and would gladly recommend you to family and friends.
Cathy