MLM Training – The Secret to Being an MLM “Natural”

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Jun 042023
 

Saying the right thing at the right time with prospects can either make you a lot of money or cause you to lose money in your network marketing business. Continue reading to learn the MLM training techniques I teach my downline of 56,000 people so they know how to become a “natural” when talking with prospects.

In this article I am going to take your MLM training to the next level when it comes to effectively communicating with your prospects. That next level is for it to become “natural” to you as you speak with people about your MLM business opportunity.

There are several definitions for the word natural and it is very important that you know which natural I’m referring to.

1. Not acquired; inherent; born with. THIS IS NOT THE NATURAL I’M TALKING ABOUT.

2. Free from artificiality, or inhibitions. THIS IS THE CORRECT ONE.

Definition one is referring to something that one is born with such as blue eyes, seven feet tall, etc.

Definition two is that you can rattle off your address without thinking about it. Natural, as in the way you know a favorite song. Or something you’ve said or sung many times.

Okay – so how is it you know your address? My guess is, you moved in, you got your address and you had to do an address change with the post office. You pulled out the piece of paper your new address was written on and you reference it several times to make sure you wrote your new address correctly. Then you wrote it on a FedEx envelope and remembered it all accept the zip code – hmm, is it 92105 or 92150? You find out and now you have it.
If you never wrote it again you’d perhaps forget it again, but if you use it frequently you “just know it” – and you are certain you know it.

By the way…how is it that you know that the name goes on the first line, street address on the second and city, state, zip on the third line? That’s the formula it goes in…right?

For inviting, to be natural and sound natural you must smoothly and correctly transition from one part of the “Inviting Formula” to the next. By the way, the “Inviting Formula” is taught in great detail in a CD set I authored called “Professional Inviter,” but for reference in this article the Inviting Formula is:

Greet
Qualify
Invite
Handle any Questions/Objections
Close to Action
Follow-up or Follow through

So when you’re talking about your MLM business or a product you offer, the trick to being a “natural” is to know exactly when to transition to the next step in the “Inviting Formula.” Like from Greeting to Qualify.

When you don’t greet long enough, you don’t get a prospect who will give you their need/want. Greet too long and your prospect feels you’re wasting his time and will hastily get off the phone with you.

You have to recognize the exact moment when the prospect qualifies for your MLM business opportunity. Example: When the prospect says, “I’m sort of sick working for someone else.” When I hear this I know they qualify to be in my business.

Or, if you’re listening to see if the prospect qualifies for your MLM business and the prospect says, “I don’t remember signing up for anything; why are you calling me !$&+$!” – then I know they just disqualified themselves from being in my network marketing business.

To truly be an MLM natural, you have to know the rest of the Inviting Formula and know when to make the transitions, but the good news is that the others are much easier to recognize compared to “Greet” and “Qualify.”

If you can master learning when to transition for “Greet” and “Qualify” you will really be able to tell a difference in your ability to have meaningful conversations with prospects about both your network marketing business or your products or services.

So just how do you get good at these transitions?

Two ways I know of:

1) Invite over and over until you can “sense” it. Like letting the clutch out on your car – the first few times are rough. I recommend you drill the “Invite” for MLM business prospects and then drill the “Invite” separately for product or service sales. I don’t recommend you invite your prospect to look at your business and your product/service in the same conversation.

2) Another way is to listen to someone else do it and then model what they do because very often prospect’s responses are similar.

To help you learn how to make the transitions and what to listen for I have provided some sample transitions below, along with each step of the Inviting Formula. These are transitions I especially listen for when I’m trying to determine if the person qualifies as an MLM business prospect.

1) Greet – Get someone who will talk freely and openly to you.

Example transition: “Yeah, I requested more information because I’m looking to open my own business and I’m just looking around to see what’s out there.”

2) Qualify – Find out their needs/wants/don’t-wants (as it relates to you business).

Example transition: “Well, I just know there’s more out there. I’m sort of sick of working for someone else. I just want to be able to enjoy my life without always having to punch the clock.”

3) Invite – Based on relevant information gathered in Qualify.

Your prospect doesn’t have to give you any information here. But, depending on how they respond to your invite will decide if you move straight to “Close to Action” or if you do Step 4.

4) Handle any Questions/Objections – Handle the things that are stopping them from getting what they’ve stated they need/want/don’t-want. Remember, your business or product/service MUST be a solution to the person’s need/want/don’t-want.

Example transitions: After you’ve handled an objection and they use words like, “Yeah, I can see that.” “Yeah, that makes sense.” “Hmm, I’ve never thought of it that way.” “Well, it’s really not a big deal to me…I’ve just heard that.”

5) Close to Action – Create agreeable steps to move them towards getting them what they’ve stated they need/want/don’t-want.

Example transitions: Anything that indicates they need to get off the phone. “I need to be hitting the sack.” A child trying to talk to them. “It’s been good talking to you.”

6) Follow-up – Re-contact them to determine their interest level as it pertains to your MLM business or product/service.

Example transitions: Anytime they suggest that they can’t talk right now. Or if you’ve closed to action. “Now’s not a good time.” “You’ve caught me at a bad time.”

Doing The Math on Credit Card Rewards

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Jun 032023
 

With the increasing popularity of credit cards in America, it’s no surprise that credit card companies and banks continue to flood the market with all manner of cards–rewards credit cards, cash back credit cards, 0% APR credit cards–all in an effort to appeal to as many potential cardholders as possible by offering a wide variety of incentives for use. The major problem with the strategy, however, is that there’s often little explanation of exactly how credit card rewards work in their respective programs: what’s the difference, for example, between cash back cards and rewards credit cards? And which card will, in the end, save you more? The variety and sheer number of rewards programs leaves some potential cardholders confused about the actual market value of their “points” values.





The most prevalent credit card rewards plans out there today fall into two different categories — percentage-based rewards and points-based systems. The former offers a percentage of your money back on purchases in certain targeted categories, most commonly gas, travel, and in some cases entertainment. The latter offers a series of “points” for all purchases made, which can eventually be redeemed for reimbursements on various expenses, most commonly travel. The percentage rewards plans are fairly straightforward (except for a few obscure snags, such as how your cash actually gets back to you and how much you can earn in any given year through credit card rewards), but in the case of “points”, it’s often difficult to determine exactly what you’re getting for your purchases using a points-based rewards credit card.





But in the end, it all comes down to the numbers, specifically the math formula used to calculate the rewards. A good percentage-based rewards credit card will offer anywhere from 3-5% back on targeted purchases (again, commonly gas and travel.) If you spend $1,000 at the pump in a given year (which, with current gas prices, is a pretty low amount to spend on gas in a year), you’ll earn $50 back in rewards at a 5% rate. For a year’s worth of gas purchases, $50 isn’t a huge amount of money, but it’ll fill you up twice and it’s certainly better than nothing.





Compare this to “points” systems. One points system (from Chase’s Free Cash Rewards Visa) offers a rewards rate of 2,500 points for $25, with one point earned for every dollar of purchases. That’s only a 1% rate of return on the money you put into the card. Certain airline credit cards offer a slightly better deal, such as American Express’s Blue Sky, which allows you to redeem points (again, one dollar per point) in 7,500 increments for a $100 reimbursement on travel expenses, meaning about a 1.3% rate of return. Again, even a low rate of return can help to offset any expenses you may incur, and can make certain purchases essentially free. But 1.3% versus 5% — you do the math.





On non-targeted purchases, points systems and percentage rewards credit cards even out, since most percentage reward cards offer a 1% rate of return on the majority of non-targeted purchases you make. And the “points” cards can offer a few incentives that a percentage rewards credit card can’t, such as bonus points on sign-up, anywhere from 1,000 to 15,000 and up (depending on the value of a given points system, of course.) But, assuming that you frequently purchase the targeted items on a percentage rewards credit card (and who doesn’t make frequent gas, travel, and entertainment purchases?), you’ve got a slight edge with percentage-based rewards programs.





Check all of the fine print and consider your specific purchasing needs, of course, but remember one of the first rules of finance: when dealing with credit card rewards, always look at the long term and make sure to do the math.

Specific vs. Generic Airline Miles Credit Cards

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Jun 022023
 

Many potential cardholders are confused about the differences between the variety of airline miles credit cards available today. Miles credit cards can be divided into two mostly neat categories: airline-specific cards and generic cards. Each set has its own advantages, but it’s often advisable for a frequent traveler to go with a specific card, and a less-frequent traveler to go with a generic card, in order to minimize interest fees and to maximize earned mileage of the former, and in the latter case to have the flexibility to search for the least expensive flights while still earning rewards.





Anyone who’s ever considered getting an airline mileage credit card has probably balked, at least once, at the massive number of options out there. Additionally confusing is the dual terminology at work in the airline industry: there are frequent-flier miles, yes, but how do those relate to miles credit cards? And where do “points” come in to the equation? It’s a bewildering array of terms, few of whose definitions are readily available, and the lack of clear explanations cause many people to just give up on mileage cards altogether. Which is a shame, because mileage cards–assuming that they’re properly and carefully used–can be an easy way to save money on travel expenses, up to and including free flights around the globe.





Most of the differences between the varieties of miles credit cards boil down to two basic categories: airline-specific mileage cards and generic mileage cards. The airline-specific mileage cards allow you to accrue mileage that often applies directly to a specific airline’s frequent flier program mileage (for example, American Airlines’ AAdvantage Cards from Citi apply miles directly to your AAdvantage account, one mile for every dollar spent), miles which can then be turned around into actual airline seats and in some cases a discount or outright free travel. The advantage of these is that occasionally flights can be cheaper through a “loyalty” miles card than without. JetBlue, in particular, offers the standard deal of about 25,000 Award Dollars (points) for one plane ticket, but offers a 3:1 point to dollars ratio when making travel arrangements exclusively with JetBlue, which is an extremely good deal in the mileage card world, assuming that you fly JetBlue on an exclusive basis.





The generic mileage cards, by contrast, allow you to redeem your miles on whatever airline you choose (assuming that they participate in that mileage card’s specific rewards program.) You won’t usually find loyalty deals here, but there are some additional benefits. For one, in some cases a generic mileage card can offer the cardholder a much wider array of hotels to stay at to accrue additional mileage points (another key in the miles credit card world.)





Knowing a little bit about the airline dynamics in your region is also helpful in making your decision, such as the predominate carrier in your region and the availability of domestic and international flights from your local airports. Even still, it may be a difficult choice. To help make that decision, consider the following. As a rule (and there are exceptions), airline-specific cards generally will charge cardholders a pretty hefty annual fee and tend to have a higher ongoing APR. Generic miles credit cards typically won’t stick you with an annual fee but also tend to have higher ongoing APR’s than traditional non-reward credit card offers.





So really, to ask which mileage card is right for you is to ask how frequently you travel, and how many travel expenses will start to show up on your budget. If you do a great deal of traveling, consider an airline-specific card. The annual fee is fixed, and as long as you pay down your balances every month, should not be much of a consideration because of the benefits that you will derive from the reward program. But if you’re a more infrequent traveler, go for the generic mileage card and shop around to find the best flight from whatever airline offers it. Chances are that if you take just one or two flights a year, the generic card offer is the better bet for you. You can plan ahead to find some excellent discount flights in advance while enjoying all of the potential travel rewards that airline miles credit cards have to offer.

How To Make The Most Out Of Your Low APR Credit Cards

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Jun 012023
 

You have decided that you need a new credit card and you already know that you want a low APR credit card. You have made a good choice, but you probably also know that there are quite a variety of cards available with that option. Here are some tips that will help you make the choice is best for you.





Choose As Low Of An APR As You Can Get





If you have a tendency to allow a balance to remain on the credit card, then you will need to acquire as low of an APR as you can get in a card. This feature alone can save you a lot of money over the life of the card – but will not save you nearly as much if you simply paid it off each month. Low APR credit cards will usually have an introductory offer of either 0% APR for up to 15 months, or, a very low APR for the life of the card.





Look For Balance Transfes Time Limits





In addition to the low APR, try to find a card that will give you 0% interest on balance transfers as well. As you look the various cards over, though, note that the time length on this option may not be the same as for the 0% APR. Some of these credit cards may only give you the benefit of a 3 month balance transfer period at 0% interest, but may give you up to 15 months 0% APR on your purchases, or vice versa. So, if you want to take advantage of both options, read the fine print carefully.





Another thing about balance transfers is that some companies definitely will limit the time as to when you can actually make the transfers. Some will only permit you to make a transfer to your new low APR credit card at the time you apply for the card with all details of what you are planning to transfer on the application itself. Other credit card companies will allow for balance transfers to made over the introductory time period, not making such a restriction.





Consider Your Own Needs





Part of getting the best deal on a low interest credit card depends on how you normally will use it. If you regularly pay off the monthly balance, then the interest rate is not that much of a concern. You will want to focus rather on the other benefits that are available. Here are some of the options that are more commonly offered.





•Travel Benefits





If you are a frequent traveler, then there are two ways you might be able to benefit. If you normally travel by air, then you will want to be able to get air miles benefits on your low APR credit card. These often come with bonus miles, some as high as 25,000, just for signing up and making your first purchase. Some card offers will give you the choice of using those miles to go toward your hotel room, meals, or other options. Other benefits include free gas rebates, a rebate toward the purchase of another car, and rewards if you travel by car.





•Cash Back Or Rewards





Some of the low APR credit cards currently available will provide a system where you can get a refund of a percentage of your purchases. These rewards allow you to get as much as a 5% reward for various types of purchases. The highest percentage cash back is typically for your purchases at the food, gas, and pharmacy stores. Most cards will offer a 1% up to 3% reward on all other purchases.





Another thing you need to look for is whether or not there are any annual fees. These vary from card to card but could go as high as $150 or more. If you do carry a balance on your credit card, this kind of fee could render the other potential benefits almost meaningless.

Getting The Most Cash Back From Cash Back Credit Cards

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May 312023
 

These days many of us are feeling the financial pinch. From rising inflation to sky-rocketing gas prices, everyone has been effected. If you are looking for another way to save some money, you can do it with cash back credit cards. Here are some things you need to look for when you apply for your card.





Not All Cards Are Equal





Credit card companies have a policy to always advertise only the best features in their ads, which is typical of most people selling anything from used cars to bridges in Brooklyn. The problem is not usually in what is out in the open, but it is what is in the small print that matters. Just because you see a 0% interest on their ad does not mean that everything is good with the rest of the card offer. Look it over carefully – or you may not be getting quite the deal you think.





0% Interest





This feature contains three things that you need to look into. First, there are the balance transfers. If you are serious about saving money, and you have credit card debt, then you need to know what you can transfer and for how long can you transfer it. Some credit cards will only give you this option if you make the transfer when you apply for the card – any other transfers do not get the same 0% treatment. A good cash back credit card will enable you to receive 0% balance transfers for up to one year after you get the card. Also, check whether or not there are any balance transfer fees, since some cards can charge up to 4%.





Another thing you should look at is to determine what it is that comes under the 0% APR. For some cards it applies only to balance transfers, and for others (the better ones), it applies to both balance transfers and purchases.





Then, be sure to look at the time period that applies for the 0% interest. Some companies make this a real short teaser offer knowing that people will either not read the fine print, or not compare cards. For some cards, this period of time can be as short as 90 days. The best cash back credit cards, however, will allow you to enjoy that benefit for between 12 and 15 months.





Cash Back Rewards





Once again, there is quite a variety in what is offered in cash back rewards. The percentage of what is offered as cash back can vary between 1% on the low side to upwards of 6% on the high side. Almost no card will give you 6% on all purchases, but will differentiate between the types of purchases. Nearly all cash back credit cards will give you a better percentage for your purchases made at gas stations, grocery stores, and drugstores. Lower percentages, usually 1% to 3%, apply to all other purchases. You need to know, however, that some cards will require you to maintain a balance, or to make a certain amount of purchases before you get the benefit.





Reward Options





You have a number of ways that you get to use your cash back rewards. They can come to you either as discounts, points which can be used toward purchases at select stores (selected by the card company), or air miles. Some travel cards will also reward you with free hotel stays, discounts toward car rentals, and even credit toward buying a new car.





Interest Rate





For some, this may be the most important consideration. Your cash back credit card will give you special benefits for up to one year – after that, the regular rate kicks in. You will want to choose a card that has as low an interest rate as possible – for as long as possible. After that, you may want to get a new card.





Weigh your options carefully when comparing each particular offer. Cash back credit cards usually have a little higher interest in order to offset the freebies the company gives to you. If you are a traveler, then you certainly want either a card that gives you air miles, or rebates on your gas purchases – depending on which you use the most. Watch out for late payments, too, as this can kick your intro APR back up to the regular rate of interest – early.

Boot Camps for Troubled Teens

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May 302023
 

Boot camps are designed after basic army training boot camp. Similar to military schools for boys, the purpose of a boot camp for troubled teens is to break down the struggling youth who attend and instill some discipline and attitude change within.

It is a last ditch attempt to scare your child straight. Boot camps, specialty boarding schools, therapists, military schools, group homes are all established to help troubled teens. If your child is out of control, he may be headed down a dead-end street in life: trouble with the law, a criminal record, an inability to get a good job, etc

Today, many parents find the idea of short-term alternative of military-style juvenile boot camps appealing. Before you send your child to a juvenile boot camp, ask yourself if this is truly the treatment your struggling teen needs.

There is more than one type of boot camp. Some are state-run substitutes for juvenile jail. Some are privately run “get tough” camps where the “guards” enforce strict rules, some of them simply there for no other reason than to challenge the student to follow the rules or break them, force physical exertion and generally shake up the child’s perception of reality.

The purpose is to attempt to regain control of your teen’s life before desperate measures are needed (like sending your teen to Boot Camp).

Boot Camps are often short-term; however, long-term boot camps have increased in popularity for their ability to help defiant adolescents improve their behavior at home and school.

These juvenile boot camps usually have a military type structure with a lot of screaming from big men with of marching and exercising. This appeals to a lot of parents with troubled teens because they have done a lot of screaming at their teen and it doesn’t seem to work, so they think that someone bigger and meaner looking will force their teen to straighten up.

Whether a child is able to handle this type of environment is actually a question that must be considered before a parent puts a struggling teen in the midst of these intense drill instructors and within the environment that does not permit any outside contact for a prescribed period of time.

These types of programs are designed as a quick fix and may help a struggling teen with respect, obedience and appreciation. However, they are not a good long term option for teens that need help. Recidivism rates suggest that they are not a good solution for long term change

The most important thing that you can do as the parent is decide which type of program, facility, or organization is best suited to deal with the issues facing your teen.

Many parents know they have a troubled teen on there hands, as these warning signs will help tell. The question many parents have is “What do I do!” or “what are my options? If you have any troubled teens related problems please feel free to go:

http://www.abundantlifeacademy.com/

http://www.troubledteensguide.com/

http://www.restoretroubledteens.com/


They can be of great help. They are user-friendly guide for professionals who supervise, manage, teach, or treat teenagers who get into trouble.

My Worst Real Estate Investments and What I Learned From Them

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May 292023
 

In doing wholesale deals there are certainly a lot of things that can go wrong. One example is a house that was bought and taken over subject to the existing financing (where the sellers mortgage remains in place and the seller deeds over the property). At first the seller seemed like a nice guy having good intentions, but he didn’t pay his bills. Soon began the problems of getting the guy out of the house. The guy had come into a real hard situation, his daughter had been shot and he was given a lot of grace, basically he was allowed to live rent for free for quite some time. But eventually the guy left owing a $700 bill. It would have cost more money to try to collect from him legally than we could collect from pursuing legal action. We consider that we did two mistakes in this case: first, we didn’t set appropriate boundaries with the seller and the second one, we trusted people a little bit too far. So, everybody should keep in mind what former President Ronald Reagan said: “…trust but verify!”

The next big mistake was on another subject to transaction. This guy said that all he wanted was $5,000 and he had a pay off statement that indicated his pay was off was $22,000 and that number worked, 22 plus 5 is 27. At $27k this is a good deal so we went to a money partner and said pull out the $5,000 and let the sign over the deed right and then we would go and pay the mortgage for a couple of months and then would pay off the house when we wholesale in the next 30 or 60 days. So, we gave the seller the $5,000, but we forgot to do the title search. What the guy didn’t tell us was that the $22k mortgage was not the only mortgage, but he had a 2nd short term mortgage loaned from a mortgage company and he was already in the process of foreclosure on it too. Now we would have to pay off another $6k and so the deal was no longer any good. We felt it wasn’t a good deal anymore as we had already given $5,000 and now we would have to give a $28,000 pay off and be in the house at $33k. The guy didn’t give the money back and again trying to persuade him legally would have cost more than we had to collect. That’s the way we lost $5,000. So, when you start a deal check the title first before giving the seller any money! You don’t want to lose your money! This is also a reason to avoid kitchen table closings as opposed to spending the money with a title company or closing attorney, because in the long run doing it the right way will save you money and let you sleep better at night.

The Emergency Assistance Industry

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May 282023
 

If you’ve ever needed roadside assistance in South Africa, chances are you’ve come away from the experience disappointed. It’s not like the towing services aren’t out there – just look around and you’ll see them all over the place: Sitting under a tree, parked at a busy intersection, just waiting for you to have an accident.


Sadly however, when your car breaks down and you urgently need help, they all seem to have disappeared. Call any of the assistance services that seem to come free with everything these days (and of course are not free at all), and you will find that delays of an hour plus are quite common. Would you believe that even the occasional 24-hour delay is not unheard of.


Picture the scene: You’re standing next to the road worried about your car, or your family’s safety, or your next appointment, and the operator’s saying “Don’t worry sir, our service provider will be there tomorrow!”


In fact if your car broke down it would probably be better if you drove into a ditch just before you came to a standstill – as ridiculous as that may sound you would have several tow truck operators all over you like a rash before you could reach for your phone!


Over 40 million people in South Africa have to deal with emergencies on a daily basis, whether it is medical, home-related, motor-related, mental trauma or pertaining to various legal issues. Most of them do not always know where to turn to for help, or how to handle basic health issues and personal trauma. There is no doubt that the assistance industry deserves to change.


The motoring public are still not exactly spoilt for choice; apart from the AA and a few lesser known groups such as McCarthy Club there is not much else. Apart from the AA, other reputable assistance companies like Europ Assistance concentrate on corporate assistance. However, the level of crime on the roads keeps increasing so we need better roadside assistance, more reliable response times and most of all accountability.


Roadside Assistance: Where it all began


According to the AA the first motoring organisation was the Automobile Club of SA, formed in Cape Town in 1901. This body began to lobby for improved roads and amenities for cars. The effect was a mere ripple in the pond for the motoring numbers grew slowly. The Anglo Boer War ended in 1902, the first car in Johannesburg was registered in 1904, the first American imports arrived in 1906, and the first motor show was held in 1908. The local motor assembly commenced in 1923. In January of 1930 the Federation of Clubs was liquidated and reconstituted as the Automobile Association of SA.


Roadside Assistance: The situation at present


There are many examples of corporate assistance schemes, including those offered on a compulsory basis by several motor manufacturers and insurance companies. If your vehicle is covered by an assistance product from the manufacturer (while under warranty) and/or your insurance company, an AA membership is sometimes considered necessary.


But, it is an accepted fact that owners of (especially new) vehicles may now be covered many times over by various different assistance schemes, with the result that an AA member could also be a member of BMW-on-Call, or Delta Assist, or Santam Assist.


While this holds true, it is also a fact that the average age of the over 6 million vehicles in South Africa today is approximately 13 years (as reported by the RMI). Most of these are no longer under warranty and many of them are not even insured, so does that imply that they do not need access to a reliable assistance service? Obviously not – in fact the most vulnerable of individuals may own vehicles that fall into this category, including students and the aged.


While price is a factor, clearly service levels are even more important. Moreover, what makes the assistance industry so different that guarantees of some kind are not in order! Surely, services that are promised should be backed up – at least to the extent that there is an offer on the table to repay the member should the service not be satisfactory.

Federal Stafford Student Loans from NextStudent Have Great Incentives on Already Low Rates

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May 272023
 

After exhausting all forms of “free money” for college, such as scholarships and federal grants, the next best thing for students are federal student loans (http://www.nextstudent.com) to help them pay for school. Federal Stafford student loans have low interest rates and are more appealing when they feature benefits and incentives, according to NextStudent, the Phoenix-based premier education funding company.

It is becoming much more difficult for some students to imagine their dream of a higher education, as college costs increasingly are on the rise along with the cost of tuition and other expenses. NextStudent believes that student loans (http://www.nextstudent.com/student-loans/student-loans.asp) should not be an extra burden to already cash-strapped college students, so the company offers incentives to make payments easier and more manageable.

. Federal Stafford loans do not require collateral or a credit check and payment is postponed until after graduation. There are no guarantee fees and students do not need a co-signer, these student loans have a low interest rate of 6.8 percent and are secured by the government.

NextStudent’s Stafford Student Loan Incentives

NextStudent has professionally trained Education Finance Advisers who know all the ins and outs of the numerous student loan programs offered. They are available to assist student borrowers with all their questions about the Federal Stafford Student Loan program. Through NextStudent’s Student Loan program, student borrowers receive:

· A .375 percent reduction on their interest rate when they make payments through Auto-Debit
· A 2 percent interest rate reduction: 1 percent after the first 12 months of consecutive on-time payments, with an additional 1 percent rate reduction after 24 months of consecutive on-time payments
· A 2 percent upfront cash rebate, whereby borrowers receive the full amount they qualify for at disbursement. Borrowers must participate in Auto-Debit and make one on-time monthly payment to qualify.

Types of Stafford Student Loans

There are two types of Stafford student loans: subsidized and unsubsidized. To qualify for a subsidized Stafford student loan a student must show financial need. The government pays the interest while a student is in school and during grace periods and deferment. With unsubsidized Stafford student loans, students are responsible for the interest; however, payment is deferred until after graduation. All students are eligible for unsubsidized Stafford loans.

Eligibility

Federal Stafford loans are eligible for federal student loan consolidation (http://www.nextstudent.com/) . There are no prepayment penalties. Repayment typically starts six months after graduation. In addition, there are alternate available repayment options, including deferment and forbearance.

In order to be eligible for a federal Stafford student loan, borrowers must either be enrolled at least half time in a degree or certificate program, a citizen of the United States or an eligible noncitizen, current on existing federal education loans, and a high school graduate or have an equivalency diploma.

Federal Stafford student loans are affordable and can help students get through college without the worry of paying back student loans until after graduation. NextStudent’s program offers a variety of incentives to make these student loans even more affordable and manageable. There is no reason not to take advantage of a great deal that helps students obtain their dream of a college education.

NextStudent offers one-on-one education finance counseling and has a portfolio of highly competitive education lending products and services including an online scholarship search engine, low and no-cost federal student loans ( http://www.nextstudent.com/ ), parent loans, private loans, student loan consolidation programs (http://www.nextstudent.com/consolidation_loans/consolidation_loans.asp) and college savings plans.

The NextStudent Scholarship Search Engine, one of the nation’s oldest and largest scholarship search engines, is updated daily, available free of charge, completely private – and represents 2.4 million scholarships worth $3.4 billion.

For more information about NextStudent and its student loan programs, please visit the company’s Web site at http://www.nextstudent.com/.

Simple, Easy and Cheap Way to Own an Automobile- Fast Auto Loan

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May 262023
 

If you want to buy an automobile but you need financial assistance within short span of time, what you will do in such condition? Fortunately, financial market has provided with fast auto loan. But, the next question arises that why the lender will approve an auto loan amount within short span of time. It’s just the presence of three factors which enables the lender to approve the loan amount faster. They are:


• Internet


• Collateral


• Credit score


Today information technology has made it possible the task of availing fast auto loan simpler and easier. Internet has a massive number of online lenders offering fast auto loan. It’s just a game of couple of minutes. You are only obliged to enter in the fast auto loan site and fill an application asking various personal and financial details. Once the application is filled and online lender feels satisfied with the information provided then he approves an auto loan amount. And, finally the amount gets transferred in the account, electronically.


Second factor which is responsible for the faster approval of fast auto loan is the collateral placed. As collateral placed by the borrower let the lender feel secure on the part of any non payment of installment of the auto loan.


Generally, auto loan can be availed with or without security that is secured auto loan and unsecured auto loan. But, the secured form is always suggested in order to get the faster approval of the loan amount and also to avail low interest rate.


Thirdly, the credit score of the borrower puts the great impact on the lender. The borrower with good credit score always takes over the advantage of low interest rate and faster approval. The reason is that the lender also prefers dealing with the person with good credit score.


The borrower always tries to get the most competitive deal of the fast auto loan. But, it’s not so difficult it seems as the borrower is recommended to search and locate on the internet, various lender offering fast auto loan. After locating, he should ask for the loan quote which is provided free of cost by the lenders. Loan quote gives an idea of the total cost involved in the fast auto loan deal. With the help of the loan quote the borrower can also compare the various offers made to him. In this way the task of choosing the most competitive deal becomes very simpler.


So, don’t wait just go and buy your dream automobile with fast auto loan.

Simple Ways to Get Low Interest Rate Auto Loans

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May 252023
 

If we thoroughly go through the concept of auto loan, what exactly are the factors which make an initial auto loan as low interest rate auto loans? Surprisingly, we came across those factors which we generally ignore and don’t give much importance to them. But, eventually they are only responsible for making an auto loan as low interest rate auto loans. These factors are:


• Collateral


• Credit score


• Online


• Credit worthiness


Collateral placed makes the lender feel secure in regard to missing any payment of installment. The lender always prefers dealing with that person who places security. But, this doesn’t mean that the person who can’t place security will not be able to avail low interest rate auto loans. They can also avail but with little higher interest rate as compared to the person who places collateral.


Second point which matters is the credit score. Good credit scorer always gives the lender a sense of security that he will not miss any payment. In other words lender feels that good credit scorers are trustworthy and his good credit score is an assurance for him. In this situation it is absolutely right to say that our past defines our future. On the other hand, the lender charges a bit high interest rate from the bad credit scorer in order to balance his risk.


Thirdly, information technology has made the task of applying a low interest rate auto loan as simpler and easier. The best part of applying low interest rate auto loans is that it doesn’t involve processing and other overhead cost. This further enables the lender to offer low interest rate auto loan. Applying through online mode is beneficial for both lender and the borrower.


Lastly, the credit worthiness, in other words the ability to meet all the repayments of the low interest rate auto loan. Bank account, past credit history, all of them plays a crucial role in determining the credit worthiness of the person.


It is true that all the factors lower the interest rate but if these factors combine then it automatically results in cheap, best and competitive deal.


While locating the lender of the low interest rate auto loan, the person is required to ask for the loan quote which is provided at free of cost by the lender. Loan quote helps in comparing the various offers being made and this comparison further helps in choosing the most appropriate offer.

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