Hotel discounts – Sunset Reef Hotel http://sunsetreefhotel.com/ Tue, 22 Nov 2022 21:15:51 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sunsetreefhotel.com/wp-content/uploads/2021/10/icon-120x120.jpg Hotel discounts – Sunset Reef Hotel http://sunsetreefhotel.com/ 32 32 Edmunds report says 1 in 4 Americans shell out more than US$1,000 in monthly payments for electric vehicles https://sunsetreefhotel.com/edmunds-report-says-1-in-4-americans-shell-out-more-than-us1000-in-monthly-payments-for-electric-vehicles/ Tue, 22 Nov 2022 21:15:51 +0000 https://sunsetreefhotel.com/edmunds-report-says-1-in-4-americans-shell-out-more-than-us1000-in-monthly-payments-for-electric-vehicles/ Undoubtedly, the number of electric vehicles sold in the United States is on the rise. We believe there is a mix of buyers who buy for environmental reasons and those who buy for status reasons. However, among these buyers, a growing number commit to paying more than US$1,000 per month. A New Edmunds report indicates […]]]>

Undoubtedly, the number of electric vehicles sold in the United States is on the rise. We believe there is a mix of buyers who buy for environmental reasons and those who buy for status reasons. However, among these buyers, a growing number commit to paying more than US$1,000 per month. A New Edmunds report indicates that monthly payments for new cars exceeded $1,000 for a record 14.3% of American consumers in the third quarter of 2022.

Estimated reading time: 3 minutes

Edmunds took a close look at the share of monthly payments over $1,000, and here’s what their findings revealed. The results also include non-electric vehicles.

  • More than 1 in 4 consumers who have financed an EV have committed to a monthly payment over $1,000. 26% of consumers who financed an electric vehicle committed to paying more than $1,000 per month, compared to 24% of consumers who financed a plug-in hybrid, 14% who financed a gasoline-only vehicle, and 4% who financed a hybrid vehicle. .
  • Two mainstream brands known for their popular truck deals ranked among the top 10 brands that commanded the largest share of monthly payments over $1,000. Although luxury brands dominate the list, GMC took seventh place with 41% of its buyer base committing to a monthly payment of more than $1,000 and Ram took 10th place with 36% of its base of buyers committing to a monthly payment of more than $1,000. . The full list of brands ranked by share of monthly payments of $1,000+ can be found below.
  • Large trucks and large SUVs dominated the list of top 10 models that commanded the largest share of monthly payments over $1,000. The Ford F-150, Ram 1500 and Chevrolet Tahoe had the highest percentage of monthly payments over $1,000. The Ford F-150 accounted for 5.6% of all new vehicle loans made in the third quarter with a monthly payment over $1,000. The list of the top 10 models ranked by share of monthly payments of $1,000 and above can be found below.
  • States whose consumers prefer large truck purchases lead the nation in the largest share of monthly payments over $1,000 (infographic available). Wyoming, Texas and Utah had the highest percentage of new car buyers who accepted a monthly payment over $1,000 (25.7%, 20.8% and 19.1%, respectively). The full list of states ranked by share of monthly payments of $1,000 and above can be found at an infographic about Edmunds.

“Despite worrisome macroeconomic conditions, Americans are spending more money than ever on the purchase of new vehicles,” said Jessica Caldwell, executive director of Edmunds. “Continued stock-outs are partly to blame, but this trend also reflects consumer preferences. Over the past decade, we’ve seen Americans adopt a bigger-is-better mindset, turning to bigger vehicles with more comfort, tech-heavy features, and more recently, electrified powertrains, but all of this comes at an additional cost. Rising interest rates combined with higher prices have pushed monthly payments to new heights. »

“A withdrawal of rental incentives is another contributing factor to these rising payments,” said Ivan Drury, Edmunds’ chief knowledge officer. “As leasing becomes more expensive, wealthier consumers are opting to finance luxury brands and large vehicles instead. And with little incentive to lease or finance expected from automakers in the months ahead, and another rate hike by the Fed expected in November, we expect monthly payments above $1,000 to become even more common.

Edmunds

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Last updated November 22, 2022.

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The New Reality: A Monthly Car Payment of $700 https://sunsetreefhotel.com/the-new-reality-a-monthly-car-payment-of-700/ Fri, 18 Nov 2022 01:23:05 +0000 https://sunsetreefhotel.com/the-new-reality-a-monthly-car-payment-of-700/ When average monthly payments for new cars topped $700 in May and car prices hit record highs, many would-be car buyers decided to stay away until the market returned to normal. the normal. Six months later, normal seems further away than ever. The Federal Reserve continues to raise the federal funds rate, driving interest rates […]]]>

When average monthly payments for new cars topped $700 in May and car prices hit record highs, many would-be car buyers decided to stay away until the market returned to normal. the normal.

Six months later, normal seems further away than ever. The Federal Reserve continues to raise the federal funds rate, driving interest rates on auto loans to a 20-year high, and the average transaction price for new cars remains above $48,000.

According to data firm Cox Automotive, the average monthly payment for a new car hit a new high of $748 in October. Average used car payments exceeded $550, based on a 70 month term loan and 10% down payment.

Automotive research firm Edmunds reports that the average October auto loan APR is 6.3% for new vehicles and 9.6% for used vehicles. Edmunds senior knowledge manager Ivan Drury says slight improvements in car supplies and prices are negated by the rate increase.

“Even if you save $500 on the purchase price of a car, it could be wiped off the interest rate if you don’t get the exact APR you need,” says Drury.

To illustrate Drury’s point, financing a $46,000 car for six years with an APR of 3.1% would result in a car payment of $700. Reduce the loan amount to $42,000 at 6.3% APR for the same term, and you still have a car payment of $700.

Matt Degen, Editor at Kelley Blue Book, says: “From what we’ve seen so far, it’s even harder to get even a used car. And I don’t know if that will change much. Even if inventory issues ease further, with rising interest rates and tougher lending standards, this could just be another struggle for people to overcome.

High payments for cars affect all car buying segments

During Cox Automotive’s quarterly auto industry call, senior economist Charlie Chesbrough said, “No buyer can escape these higher rates. They are passed on to everyone, which means the monthly payments will be even higher. »

On the same call, chief economist Jonathan Smoke said the “deadly combination” of high car prices and high interest rates were driving low-income, low-credit buyers out of the auto market.

At the other end of the spectrum, Edmunds recently reported that 14.3% of consumers commit to monthly car payments of $1,000 or more when financing a new vehicle. The report pointed to consumer preferences for luxury brands and large trucks and SUVs as one of the factors driving these car payments over $1,000.

Says Drury, “I tell people if a car payment of $1,000 makes sense for you mathematically and for your budget, that’s fine. But we see in our data where someone can pay $1,400 per month for a 72 month term at 10% APR. We are talking about nearly $30,000 in financing costs. What I can’t defend.

When waiting to buy a car is not an option

Twenty-six-year-old Tim Roeder of Westfield, Indiana and his wife had no car payments when 10-year-old Roeder’s car needed expensive repairs. Roeder says they weren’t “super excited” about accepting payment for a car in today’s market, but some planning and job promotion helped them get it done.

Roeder and his wife discussed the budget, used a car loan calculator set a maximum payment amount and trade-in values ​​sought. Roeder took the day off and drove to the dealership with hard numbers in mind, but ready to go. He says: “It helped me to feel comfortable with the decision and to pull the trigger, because I already knew in advance which numbers I was okay with.”

As Roeder discovered, managing the numbers up front puts guardrails around the purchase, giving buyers the power to say yes or no.

Even as interest rates and car payments rise, conventional car buying advice can still be helpful for those who can’t put off buying a car.

In a typical car market, the rule of thumb is to spend less than 10% of your take home pay on car payments. If it’s overkill, try reallocating other expenses. Avoid going for a long-term loan to lower the payment, as you could end up upside down and owe more than the value of the car.

Compare interest rates from different lenders. Many lenders offer pre-qualification, which gives you rate estimates without affecting your credit score. Then apply for a pre-approved loan and take it to the dealership, giving them a rate to beat. If you don’t do your homework and end up with a double-digit interest rate from a dealership, you may still be able to refinance at a lower rate and payment with another lender.

Another long standing tip is to make a down payment of at least 20% on a new car and 10% for used cars. If this is not possible, any down payment may help reduce your payment.

Says Drury, “You can get an older vehicle, and luckily some are good for easily 100,000 miles. I tell people you can buy older and deeper on the used market if you’re trying to save money or just to get a vehicle to hold you over for another year or two.

If you’re buying an older vehicle, look for models known for their longevity, check maintenance records, invest in a pre-purchase inspection, and avoid a long-term loan that could upset you as the car loses value.

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Apply before November 15 for student loan forgiveness. here’s why https://sunsetreefhotel.com/apply-before-november-15-for-student-loan-forgiveness-heres-why/ Sat, 12 Nov 2022 04:22:12 +0000 https://sunsetreefhotel.com/apply-before-november-15-for-student-loan-forgiveness-heres-why/ Editorial independence We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money. There are over 10,000 minutes left until November 15 to apply student […]]]>

We want to help you make more informed decisions. Certain links on this page – clearly marked – may direct you to a partner website and allow us to earn a referral commission. For more information, see How we make money.

There are over 10,000 minutes left until November 15 to apply student loan forgiveness and get some of your debt forgiven. You will only need five to apply.

Whatever happens with the current legal challenges at student loan debt forgivenessyou must submit your application before November 15 to receive up to $20,000 in relief before payments resume next year.

Borrowers technically have until the end of 2023 to file for forgiveness, but experts say applying earlier could reduce your loan repayments or wipe out your balance, putting you in a better financial position come January. The Biden administration is also urging borrowers to apply before the Nov. 15 deadline.

(Click on the image below to register for our Student Loan Forgiveness Webinar November 15 at 6 p.m. EST. Senior reporter Alex Gailey and student loan expert Robert Farrington will review Biden’s relief plan, where it stands legally – and answer questions)

student loan specialist Robert Farrington say it legal challenges surrounding loan forgiveness could continue for months, leading to potential stops and starts in the process. But if borrowers start getting debt relief, it will become much harder to get back, he says.

“The urgency is simple: the administration wants to cancel as much debt as possible as quickly as possible,” said Farrington, the founder of The College Investor, an online resource for student loans. “It’s really hard to put the cat back in the bag. Once forgiveness actually starts on loans, it would be very difficult for anyone to stop it.

President Joe Biden’s student loan relief was held in court for weeks after a series of lawsuits from Republican-run states and conservative groups. One of the lawsuits successfully blocked the plan in federal court, and it’s not yet clear whether the Biden administration will be able to deliver massive student loan forgiveness to millions of borrowers as promised.

“The biggest challenge for student loans is the appeal in the 8th Circuit Court right now,” Farrington said. “They’ve been sitting on the case for two weeks, and no one really knows why.”

Regardless of what happens in court, it’s worth setting aside a few minutes of your day to apply for that one-time debt relief. Applying is simple and easy – here’s a step-by-step guide on how to apply and what to expect next:

Step-by-step guide on how to apply for student loan forgiveness

The application Applying for student loan forgiveness is quick and easy. You do not need to log in or provide any documents. Borrowers can get between $10,000 and $20,000 in student loan repayment, depending on their type of loan and if they meet income requirements. Borrowers with Pell Grants are eligible for $20,000 in loan forgiveness, while borrowers with other federal loans are eligible for $10,000. To be eligible, people with federal student loans must earn less than $125,000 per year, and married couples or heads of households must earn less than $250,000 per year.

Beware of Student Loan Forgiveness Scams

If you get a call or email from someone saying they will help you get debt relief for a fee, it’s a scam. You never have to pay for aid with your federal student aid. look at this do’s and don’ts list regarding student loan forgiveness scams, according to the Department of Education.

To apply, first go to official candidacy. Then you will follow these steps:

1. Type your name, social security number, date of birth, phone number, and email address, in that exact order.

2. Review your application by typing your name again and checking the box at the end to certify that you are eligible for the rebate.

3. Click “submit”.

What is the next step after applying for student loan forgiveness?

After submitting your application, you will receive an email confirmation and the Department of Education will contact you if they need you to provide proof of income. Expect a wait time of four to six weeks after you submit your application for it to be reflected in your loan balance, though it could be longer if Biden’s pardon plan continues. be held in court. Your loan manager will let you know if and when your balance is forgiven. For borrowers with multiple different loans, the Ministry of Education will apply relief in the following order:

  • Loans held by the Ministry of Education in arrears
  • Defaulted FFEL program commercial loans
  • Non-defaulted direct loans and FFEL program loans held by the Ministry of Education
  • Perkins loans held by the Department of Education

For borrowers with multiple loans in the same loan category, the Ministry of Education will apply relief in the following order:

  • Loans with the highest interest rate
  • If interest rates are the same, unsubsidized loans will be canceled before subsidized loans
  • If the interest rate and grant status are the same, the most recent loans will be canceled
  • If the interest rate, grant status and disbursement date are the same, the loans with the lowest combined principal and interest balance will be cancelled.

While the forgiveness plan is pending, there is lots of things borrowers can do in the meantime to ease their financial situation. If you’ve made student loan repayments during the pandemic, experts recommend request a refund through your loan servicer if you have not already done so, especially if you have repaid your loans or your current balance is greater than the amount of debt relief you will receive.

The Department of Education will automatically refund the amount you paid during the payment break only if your current loan balance is less than the amount of debt relief you will receive. Let’s say you paid $1,000 for your federal student loans during the payment break. If you currently owe $9,500 and qualify for $10,000 assistance, then $10,000 will be applied to your loan(s) and you will automatically be reimbursed $500.

Also, you should expect payments to resume in 2023. The Biden administration has said the last student loan repayment extension the pause is the last to “ensure a smooth transition to reimbursement and avoid unnecessary defaults”. Even so, Farrington said he may see Biden extend the payment break at least once more due to ongoing legal challenges.

Even if payments are delayed again, they will eventually start and it is best to prepare in advance. Now might be a good time to adjust your monthly payment expectations, review your budget, and make sure you feel financially comfortable about starting repayments. To move forward, you could set aside a specific amount in a high yield savings account with a competitive interest rate. This way, you can earn interest on your savings until the end of December and then pay a lump sum on your student loans.

Other important dates to come

  • January 1, 2023: Resumption of student loan repayments
  • December 31, 2023: Student Loan Forgiveness Application Closed

Want to know more about student loan forgiveness?

The recommended application deadline for student loan forgiveness is November 15, and it’s important to put all your ducks in a row and take advantage of this one-time relief program, even if it’s in legal limbo. Join us at 6 p.m. EST on November 15 for a free webinar with student loan expert Robert Farrington to discuss Biden’s forgiveness plan. We’ll keep you up to date on what’s going on legally with the plan and answer any questions you have.

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Joe Faherty wins his first term on the Citrus County School Board https://sunsetreefhotel.com/joe-faherty-wins-his-first-term-on-the-citrus-county-school-board/ Wed, 09 Nov 2022 01:59:03 +0000 https://sunsetreefhotel.com/joe-faherty-wins-his-first-term-on-the-citrus-county-school-board/ Citrus County voters decided a change was needed at the school board, sending in a longtime school resource assistant Joe Faherty as Linda Powers, holder of four terms. With all precinct reportsFaherty won with 57% of the vote. The Citrus County School Board’s only race pitted an 18-year-old incumbent against a challenger who is no […]]]>

Citrus County voters decided a change was needed at the school board, sending in a longtime school resource assistant Joe Faherty as Linda Powers, holder of four terms.

With all precinct reportsFaherty won with 57% of the vote.

The Citrus County School Board’s only race pitted an 18-year-old incumbent against a challenger who is no stranger to schools himself.

The incumbent powers hoped to earn a fifth full term by overcoming his second-place finish in the District 5 primary in Faherty.

Faherty finished first with 31% of the vote in August, enough to top four people Main field but well below the 50% plus 1 needed to prevent runoff.

Faherty, who is retiring later this month after more than 20 years as Citrus County sheriff school resource assistantmade his first attempt at election.

He focused on school safety, saying that during his career in school law enforcement, he reported many issues to principals that led to safety improvements.

Powers, a retired school counselor, has focused on providing help for mental health issues among students, especially during their early elementary school years.

To avoid being the first incumbent in 10 years to lose reelection, Powers had to overcome a primary result that left her behind Faherty. She finished just 731 votes ahead of third place.

Four years ago, Powers won the election squarely with 55% of the vote on three primary challengers.

While their issues were similar, Faherty and Powers took different actions Fund raising paths.

Faherty shows $22,825 in collections, including $900 in candidate loans. Its contributors include former school board members Kevin Cunningham and Lou Mieleand former representative. Jimmie T. Smithwhose aid at the time, Dawn Fahertyis the wife of Joe Faherty.

Faherty also received a $1,000 post-primary check from the Citrus County Education Association (CAMC), the teachers’ union. The choice of the CCEA in the primary, Deborah Danielsfinishes third.

Faherty spent campaign funds on advertising, social media, signs and letters.

Powers’ fundraising total is similar — $21,190 — although she loaned $13,000 of it to the campaign.

While Faherty has eight individual $1,000 donations, Powers has none. The largest single check to Powers’ campaign was $400.

Powers also spent money on advertising and campaign signs.

The last Citrus County School Board incumbent to lose re-election was Bill Murray in 2012. The woman who defeated him, Susan Hale, resigned only two months in the office.

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Four-term incumbent and deputy face off in race for Citrus County school board https://sunsetreefhotel.com/four-term-incumbent-and-deputy-face-off-in-race-for-citrus-county-school-board/ Sun, 06 Nov 2022 17:01:25 +0000 https://sunsetreefhotel.com/four-term-incumbent-and-deputy-face-off-in-race-for-citrus-county-school-board/ The Citrus County School Board’s only race pits an 18-year-old incumbent against a challenger who is no stranger to schools himself. Incumbent Linda Powers hopes to earn a fifth full term by overcoming his second-place finish in the District 5 primary to Joe Faherty. Faherty finished first with 31% of the vote in August, enough […]]]>

The Citrus County School Board’s only race pits an 18-year-old incumbent against a challenger who is no stranger to schools himself.

Incumbent Linda Powers hopes to earn a fifth full term by overcoming his second-place finish in the District 5 primary to Joe Faherty.

Faherty finished first with 31% of the vote in August, enough to top four people Main field but well below the 50% plus 1 needed to avoid runoff.

Faherty, who is retiring later this month after more than 20 years as Citrus County sheriff school resource assistantmade his first attempt at election.

He focuses on school safety, saying that during his career in school law enforcement, he reported numerous issues to principals that led to safety improvements.

Powers, a retired school counselor, has focused on providing help for mental health issues among students, especially during their early elementary school years.

To avoid being the first incumbent in 10 years to lose reelection, Powers will have to overcome a primary result that left her behind Faherty. She finished just 731 votes ahead of third place.

Four years ago, Powers won the election squarely with 55% of the vote on three primary challengers.

Although their issues are similar, Faherty and Powers took different actions Fund raising paths.

Faherty shows $22,825 in collections, including $900 in candidate loans. Its contributors include former school board members Kevin Cunningham and Lou Mieleand former representative. Jimmie T. Smithwhose aid at the time, Dawn Fahertyis the wife of Joe Faherty.

Faherty also received a $1,000 post-primary check from the Citrus County Education Association (CAMC), the teachers’ union. The choice of the CCEA in the primary, Deborah Danielsfinishes third.

Faherty spent campaign funds on advertising, social media, signs and letters.

Powers’ fundraising total is similar — $21,190 — although she loaned $13,000 of it to the campaign.

While Faherty has eight individual $1,000 donations, Powers has none. The largest single check to Powers’ campaign was $400.

Powers also spent money on advertising and campaign signs.

The last Citrus County School Board incumbent to lose re-election was Bill Murray in 2012. The woman who defeated him, Susan Hale, resigned only two months in the office.

Post views: 0

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What is a payday loan and other types of predatory loans? https://sunsetreefhotel.com/what-is-a-payday-loan-and-other-types-of-predatory-loans/ Thu, 03 Nov 2022 09:01:17 +0000 https://sunsetreefhotel.com/what-is-a-payday-loan-and-other-types-of-predatory-loans/ Financial watchdog groups have raised concerns about predatory lenders taking advantage of low-income Americans who need cash fast as soaring inflation squeezes consumers. So what is predatory lending? Predatory lending imposes unfair or abusive loan terms on borrowers, including triple-digit interest rates and tight repayment terms. In the meantime, a “fair” loan guarantees the the […]]]>

Financial watchdog groups have raised concerns about predatory lenders taking advantage of low-income Americans who need cash fast as soaring inflation squeezes consumers.

So what is predatory lending?

Predatory lending imposes unfair or abusive loan terms on borrowers, including triple-digit interest rates and tight repayment terms. In the meantime, a “fair” loan guarantees the the same lending opportunities for all consumers, including low-cost loans for those with good credit ratings, in accordance with federal guidelines.

A predatory lender may also persuade a borrower to accept abusive terms through deceptive, coercive, exploitative or unscrupulous actions, according to Orlando-based debt.org, an online site that provides expert financial advice. An example is lenders targeting borrowers with credit problems or who have recently lost their jobs.

Predatory lending practices may also include fraudulent, deceptive and unfair tactics lenders use to ‘trick’ consumers into loans they cannot afford, according to the U.S. Attorney’s Office for Eastern Pennsylvania, citing mortgage costs high as contributing to borrowers who cannot keep their homes in good condition.

A person rides a scooter past a check cashing and payday <a class=loan store on March 11, 2022, in downtown Los Angeles.” height=”683″ width=”1024″ loading=”lazy” src=”https://www.gannett-cdn.com/presto/2022/10/27/USAT/ae365697-ce23-43da-a448-8deb6b014b56-GettyImages-1239112075.jpg”/>
A person rides a scooter past a check cashing and payday loan store on March 11, 2022, in downtown Los Angeles.
PATRICK T. FALLON/AFP via Getty Images

Responsible Credit Centera North Carolina-based nonprofit research organization working to end predatory lending, released a study in late September that examined the “persistent damage of high-cost installment loans”, a form of predatory lending that includes “rent-a-bank” loans. The group says it found that predatory lending had a greater impact on people of color and low-income people.

Published

Updated

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A FAQ on the Biden student loan forgiveness plan : NPR https://sunsetreefhotel.com/a-faq-on-the-biden-student-loan-forgiveness-plan-npr/ Fri, 28 Oct 2022 09:00:54 +0000 https://sunsetreefhotel.com/a-faq-on-the-biden-student-loan-forgiveness-plan-npr/ When Biden’s student loan relief application officially went live early last week, we asked readers what questions they were still struggling with. There have been some confusion which loans – and which borrowers – are eligible. And it makes sense that borrowers want to get it right — the plan has the potential to impact […]]]>
Where can I apply?  Who is eligible?  Can borrowers get a refund?  NPR has taken readers' most frequently asked questions about Biden's student loan relief plan and answered them.

When Biden’s student loan relief application officially went live early last week, we asked readers what questions they were still struggling with. There have been some confusion which loans – and which borrowers – are eligible. And it makes sense that borrowers want to get it right — the plan has the potential to impact the debt of more than 40 million Americans and completely wipe out the balances of about 20 million.

Some questions were easier than others, but NPR’s Education Desk answered a few of the most frequently submitted topics asked by readers.

How do I apply for student loan relief?

The app itself is simple. The US Department of Education has set up a dedicated website only to this one-time relief. Applicants just need to go there and fill out the form. It will ask for your name, date of birth, social security number, phone, and email. You won’t need to create an account or upload any additional documents.

There is a box that borrowers must check off to certify, under penalty of perjury, that they meet the program’s income requirements: $125,000 for individuals or $250,000 for couples. If you met these requirements in That is 2020 or 2021 you qualify for relief

I have completed the application – what happens next?

After submission, borrowers will receive a confirmation email from the Department of Education that basically says, “Hey, we got it. Time to wait.”

Senior Administration Officials let’s say the Department of Education will then verify your eligibility using the loan and income information they already have on file. It sounds vague because it is! The ministry revealed very few details about this process, but said it planned to report any discrepancies. Borrowers who are flagged may need to submit additional documents to verify their income.

But if you’re not reported, the department says you probably won’t hear from them until your application has been approved.

There’s no official timeline for when borrowers will find out if they’ve been approved or not, but Education Secretary Miguel Cardona says NPR in September, it hopes to process as many applications as possible before the federal student loan payment break ends on January 1.

There are lawsuits challenging the plan. Is it possible that any of them can prevent the Ministry of Education from canceling these debts?

It’s possible. Here’s what the scenery looks like on Friday morning:

The administration secured two court victories late last week. A case, filed by a group of Wisconsin taxpayers, was rejected by The Supreme Court. The other, which legal experts told NPR, was probably the strongest case against debt relief, was fired by a federal judge in Missouri. However, this decision was immediately appealed and within 24 hours a US appeals court ordered that the debt relief be temporarily suspended. It’s unclear how long it will take for this case, or any other that may arise, to resolve.

Legal experts who spoke to NPR have differing views on what would happen if the courts blocked the program after borrowers had already seen their debt reduced. Most agreed, however, that the administration would be highly unlikely to reinstate the debt.

What if I repaid part of my loans during the pandemic payment pause? Can I get this money back?

Advice from the Ministry of Education has been confusing. At first, the ministry suggested that borrowers should ask their service agents for a refund first and then ask for debt forgiveness. Now management says that borrowers whose loans are less than the relief to which they are entitled – either $10,000 or $20,000 – need only submit the relief application and the ministry says it will take care of the rest. These borrowers can expect an automatic refund of payments made during the pause up to the amount of relief to which they are entitled.

The Ministry of Education gave an example in its guidelines:

Let’s say you qualify for $10,000 in debt relief. If you currently owe $9,500, this relief amount will be applied to your loan(s). If you paid $1,000 during the payment break, you will automatically be refunded $500, which is the remaining amount of your debt relief of $10,000.

Can I choose which loans are reduced first? What if I want a loan with a higher interest rate to take priority?

The department says it will apply relief first to loans in default, then it will first target loans with the highest interest rate.

Officials say they are trying to prioritize loans that hurt borrowers the most.

What if I wait for the cancellation of the Public Service Loan, or PSLF? Should I just wait for this relief?

The short answer is don’t wait. Apply for relief even if you are still working towards PSLF.

And, while we’re on the subject, there’s an important deadline coming up for PSLF. Last year, the administration opened an exemption for borrowers working in the civil service to apply for the PSLF under new, more flexible regulations. This week, the Education Department made some of these changes permanent, but indicates that borrowers must still apply for the waiver. It expires on Monday and is unlikely to be renewed. So if you have the possibility of being eligible for the PSLF, apply here.

Are Federal Family Education Loans, or FFELs, eligible for relief under Biden’s plan?

FFEL loans held by private lenders are excluded under this loan relief plan. Not sure if your FFEL loans are eligible? A good litmus test is: did you have to keep making payments during the pandemic pause? Did your interest keep piling up? If the answer to either of these questions is yes, it is because your loans are still held by one of these private lenders and do not qualify. If your payments were suspended during the pandemic, you should be eligible. Only borrowers with loans administered by the Department of Education were eligible for the break.

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From workforce development to robots? ARPA money goes from worker training to automation – Daily Montanan https://sunsetreefhotel.com/from-workforce-development-to-robots-arpa-money-goes-from-worker-training-to-automation-daily-montanan/ Sat, 22 Oct 2022 16:31:02 +0000 https://sunsetreefhotel.com/from-workforce-development-to-robots-arpa-money-goes-from-worker-training-to-automation-daily-montanan/ Warren Smeltzer said he oversees the training of about 500 to 600 people per year. It received funding through the American Rescue Plan Act (ARPA) Workforce Training Grants, but last month lawmakers decided to reallocate that money to business automation. Smeltzer is director of training at the Helena branch of the Workers’ International Union of […]]]>

Warren Smeltzer said he oversees the training of about 500 to 600 people per year. It received funding through the American Rescue Plan Act (ARPA) Workforce Training Grants, but last month lawmakers decided to reallocate that money to business automation.

Smeltzer is director of training at the Helena branch of the Workers’ International Union of North America in Montana. He oversees the operation of the training center, sometimes instructor, sometimes toilet cleaner.

“I do a little bit of everything to make the formation work,” Smeltzer told the Daily Montanan.

Last month, American Rescue Plan Act Workforce Training Grant funds totaling $6 million were reassigned by lawmakers from an ARPA advisory panel on business automation lending. The Department of Commerce said the funds were unused, with only $128,000 scattered. Instead of funding workers and laborers, the funds will be funneled into ways for companies to automate or use machines to help boost production.

LIUNA Montana’s operation is funded by contractor contributions, Smeltzer said, and the loss of federal funding will only cost them more.

“I think it’s unfortunate that after nine months they’re going to discontinue the program,” Smeltzer said. “Really, it’s hard to even start something and then start having an impact and do all of that in nine months.”

Concrete pourers looking to change careers to Colstrip workers looking to train in a new industry will not receive training funding that has been allocated under the American Rescue Plan Act.

Smeltzer said it took a long time to decide if it was worth applying for the funds because there was a $3,000 cap per eligible intern. He said sometimes interviewing potential interns can cost upwards of $1,000 if there is a need to travel. He said they had to submit a plan outlining how they would add to the program’s capacity.

Smeltzer said he was not informed of the funding change and initially understood the program to be recurring, with the state accepting applications annually.

He also said that the skills taught in the program do not translate into automation.

“We’re out there stripping asbestos,” he said. “You can use water sprays and stuff like that, but you still have to bag it, that’s something a person is going to do. It really takes away from a person the opportunity to improve their skills or to change profession if she exercises a profession that she is no longer able to exercise.

Smeltzer said the majority of trainees come to him for refresher training, to renew their licenses or change specializations as they get older.

Liane Taylor of the Montana Department of Commerce said at the meeting of ARPA’s Advisory Commission on Economic Transformation and Stabilization and Workforce Development in September that companies are struggling to find employees and that people did not want to work in physically demanding manufacturing jobs.

“So this automation program, using ARPA funds, would help businesses in Montana looking to automate or modernize their existing operations. The program is not designed to reduce the number of jobs, but rather to retain jobs and improve the skills of the existing manufacturing workforce by updating or replacing production equipment,” said Taylor in September.

Commerce Department communications supervisor Anastasia Burton said in an email Wednesday that the Business MT division is working to automate the loan application process. available online At the end of the month.

“Companies that have been in business for at least three years and want to automate their processes would visit our Business MT division website for eligibility and application information,” Burton wrote. “We will announce details in the coming weeks via a press release and on social media.”

Rep. Mary Caferro, D-Helena, said she was one of the negotiators of House Bill 632, which appropriated federal dollars from the American Rescue Plan Act in the state and provided the funds for the training grant program.

“I negotiated in good faith to get that $10 million in manpower training,” she told the Daily Montanan. “Good faith and a handshake, like we do in Montana.”

She said those millions had been “wasted” and called it a “slap in the face,” saying bureaucracy in the process of applying for those funds had resulted in the state “hoarding” the funds, only for the devote to the study of the situation. economy.

“Then they sit down and say, ‘Hmm, nobody’s asking for money,'” she said. government working for the private sector? Obviously that’s a problem.”

She said the $3,000 grant cap was a product of the Gianforte administration, as the commission only produced recommendations.

“It was a clear intention of the legislature that this money be invested in working people,” Caferro said. “And at every turn the administration has failed to invest in the Montanans with that money, and it seems to me that they refuse to make taxpayers’ money work for taxpayers.”

Caferro said one of the targets for the funds is the people of Colstrip, known for the coal mine and coal-fired power plant, retooling their skills to prepare them for a new economy.

She said those funds could already be flowing into the community.

“Cybersecurity is very short-term training and they make $50,000 a year and they can work from anywhere in Montana,” she said, by way of example.

“You can’t automate pipe fitters. You can’t automate iron work, you can’t automate cement finishers. You can’t automate carpenters,” Caferro said. “How will automation help build Montana?”

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Companies, costs and coverage (2022) https://sunsetreefhotel.com/companies-costs-and-coverage-2022/ Wed, 19 Oct 2022 06:10:03 +0000 https://sunsetreefhotel.com/companies-costs-and-coverage-2022/ Since Honda is one of the largest automakers in the world, the company’s vehicles are also among the most widely insured. Home Media’s review team analyzed Honda’s insurance cost data for six of the company’s most popular models to help you know what to expect. We also compared country rate estimates best car insurance companies […]]]>

Since Honda is one of the largest automakers in the world, the company’s vehicles are also among the most widely insured. Home Media’s review team analyzed Honda’s insurance cost data for six of the company’s most popular models to help you know what to expect. We also compared country rate estimates best car insurance companies so you can find the right coverage for your Honda.

Honda insurance cost

The average cost to insure a 2022 Honda vehicle is $1,869 per year Where $156 per month. This is about 8% more expensive than the national average of $1,730 per year. These averages are based on the profile of a 35-year-old married driver with a clean driving record and good credit.

You can expect your rates to vary. Car insurance premiums take into account a number of variables, including your driving history, age, credit history, deductible, Honda model, and more.

The cheapest Honda cars to insure

Our research suggests that the HR-V is the cheapest Honda model to insure, with an average estimate of $1,680 per year Where $140 per month among national suppliers. The OK is generally the most expensive Honda vehicle to cover, with an average estimate of $2,078 per year Where $173 per month for the 2022 model.

Honda auto insurance rates by model

The table below contains the average monthly and annual car insurance rates for several of Honda’s most popular car models.

Honda car insurance quote

Getting quotes from multiple insurers is an important step in finding the cheapest coverage for your Honda. Most companies have easy-to-use tools on their websites that allow you to get quotes quickly. Some sites even let you compare car insurance quotations from several suppliers at the same time.

Honda Insurance Company Comparisons

USAA tends to offer the cheapest Honda insurance, with an average estimate of $1,033 per year Where $86 per month on all brand models. However, USAA is only available to service members and their families. Nationwide is the cheapest Honda insurance option for everyone else, with an average estimate of $1,269 per year Where $106 per month.

Below, we compare the insurance companies that offer the cheapest car insurance coverage on average for each Honda model.

Honda Accord Insurance Cost

The average domestic provider estimate to insure a 2022 Honda Accord is $2,078 per year Where $173 per month. USAA generally offers the lowest auto insurance cost for the 2022 Accord at an average estimate of $1,133 per year Where $94 per month.

Honda Civic Insurance Cost

Among domestic providers, the average cost of 2022 Honda Civic insurance is $1,950 per yearWhere $163 per month. USAA generally offers the cheapest fares for Civics, with an average estimate of $1,029 per year Where $86 per month.

Honda CR-V Insurance Cost

The average cost of car insurance for a 2022 Honda CR-V is approximately $1,808 per year Where $151 per month among national suppliers. According to our data, USAA generally offers the lowest rates on 2022 CR-V insurance with an average estimate of $980 per year Where $81 per month.

Honda HR-V Insurance Cost

Among domestic providers, the average cost to insure a 2022 Honda HR-V is $1,680 per year Where $140 per month. USAA tends to offer the lowest rates on 2022 HR-V insurance with an average estimate of $1,032 per yearWhere $86 per month.

Honda Odyssey Insurance Cost

The the average premium estimate for a 2022 Honda Odyssey is approximately $1,827 per year Where $152 per month. USAA tends to offer the lowest insurance rates on an Odyssey at an average estimate of $988 per year Where $82 per month.

Honda Driver Insurance Cost

The the average insurance estimate on a 2022 Honda Pilot is approximately $1,870 per yearWhere $156 per month among national suppliers. The USAA tends to offer the lowest premiums for pilots, with an average estimate of $1,035 per year Where $86 per month.

Other car insurance coverage for a Honda

The rates shown in the tables above are for full insurance. This term refers to an insurance policy that combines bodily injury and property damage Liability coverage with collision and full coverage.

It may also include other state-required policies such as uninsured motorist coverage or personal injury protection (PIP), depending on where you live. The result is a policy that covers your Honda in almost all scenarios – hence the term “full coverage”.

Many insurers offer policy top-ups to help cover other aspects of owning and driving a vehicle. Here are some of the most common:

  • Roadside assistance: Covers emergency road services such as towing, fuel delivery and tire repair or replacement
  • Reimbursement of rent: Covers the cost of a rental car if your Honda is repaired or replaced following a covered loss
  • Trip interruption: Covers food, accommodation and other travel expenses if your vehicle breaks down away from home
  • Mechanical breakdown insurance (MBI): Covers repair costs, such as a extended car warranty or a vehicle maintenance contract
  • Asset protection guarantee insurance: Also called insurance gapthis covers the difference between what a vehicle is worth and what you owe on it if totaled
  • New car replacement: Covers the cost of replacing your car with a new Honda if totaled within a certain time frame

Honda credit requirements

Honda is one of many automakers that offers its own vehicle purchase credit program. Generally, Honda Finance requires a credit score of 610 or higher to issue a loan. This does not mean that you will automatically be refused at the dealership with a lower score, but your chances of obtaining financing will be reduced. You will also likely face higher interest rates.

Honda Finance offers loan terms from 24 to 72 months and annual percentage rates (APR) as low as 0%. Be aware, however, that April 0% Car Deals can end up costing as much, if not more, than standard financing options.

Honda Insurance: Conclusion

In general, the cost of Honda insurance is similar to the national average. That means it shouldn’t be hard to find relatively affordable coverage, especially on cheaper-to-insure models like the CR-V and HR-V. Honda owners may have to spend a little more to insure their Accord or Civic.

Honda Insurance: Recommended Providers

We’ve found that USAA, Geico, and Auto-Owners Insurance tend to offer the lowest rates for most Honda models. But that does not guarantee that they will offer the lowest rates for your Honda. Our team recommends getting quotes from multiple providers to compare rates and find the best option for your needs. Checking with the following providers is a good way to start your search:

State Farm: Editor’s Choice

In addition to its generally affordable fares, State Farm offers such a wide range of discounts that most drivers can find a few ways to save. State Farm is an especially attractive choice for young drivers, as it offers special discounts and programs aimed at this age category.

Keep reading: State Farm Insurance Review

Geico: affordable for most drivers

Geico is among the cheapest insurers for many Honda models. That’s no surprise, as the provider is generally one of the cheapest options for drivers in most categories nationwide. Geico’s DriveEasy program, which monitors your driving habits and adjusts your rates accordingly, can help cautious drivers get even cheaper coverage.

Keep reading: Geico Insurance Review

Honda Insurance: FAQs

Below are frequently asked questions about Honda insurance.

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LendingUSA personal loans: 2022 balance sheet, rates https://sunsetreefhotel.com/lendingusa-personal-loans-2022-balance-sheet-rates/ Fri, 14 Oct 2022 15:25:23 +0000 https://sunsetreefhotel.com/lendingusa-personal-loans-2022-balance-sheet-rates/ Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page. The bottom line: LendingUSA is a great option for borrowers who […]]]>

Insider’s experts choose the best products and services to help you make informed decisions with your money (here’s how). In some cases, we receive a commission from our our partners, however, our opinions are our own. Terms apply to offers listed on this page.

LendingUSA Personal Loans

Costs

Set-up costs up to 8%

APR

up to 29.99% APR, no interest on principal if repaid within six months

LendingUSA LendingUSA Personal Loan

Costs

Set-up costs up to 8%

APR

up to 29.99% APR, no interest on principal if repaid within six months

APR

up to 29.99% APR, no interest on principal if repaid within six months

Costs

Set-up costs up to 8%

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Advantages and Disadvantages of LendingUSA Personal Loans

Compare personal loan rates

LendingUSA is best for borrowers who have the ability to repay their loans quickly. The lender has a unique advantage that allows you to pay no interest on the principal if you repay it within six months. Most other lenders will charge you interest on your loan no matter how quickly you pay it off.

On the other hand, borrowers who want to avoid losing some of their money to fees may seek to avoid the company. LendingUSA charges up to an 8% origination fee, which will take a portion of your overall loan proceeds.

LendingUSA Personal Loan Comparison

How LendingUSA Compares

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Editor’s note

3/5

A five pointed star

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Regular APR

up to 29.99% APR, no interest on principal if repaid within six months

Editor’s note

3.5/5

A five pointed star

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Regular APR

7.99% to 29.99% APR

Set-up fee of 0.00% to 4.99%, late fee of $15 or 5%, whichever is greater

Editor’s note

3.25/5

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Regular APR

5.60% to 35.99%

Set-up fee up to 8%, late fee 5% or $15, whichever is greater

FreedomPlus and Upstart allow borrowers with poor credit to be approved. While both of these lenders have clearly defined minimum credit scores for applying for a loan, LendingUSA is more vague about the requirements.

All three companies charge an assembly fee. Personal loans from Upstart and LendingUSA can have origination fees of up to 8%, while origination fees on FreedomPlus loans range from zero to 4.99%.

Frequently Asked Questions

LendingUSA is a Better Business Bureau accredited company with a A+ rating organisation. The BBB is a nonprofit organization focused on consumer protection and trust, measuring a company by its response to customer complaints, honesty in advertising, and transparency in business practices.

LendingUSA has had no controversies over the past few years. Between its spotlessly clean history and sparkling BBB rating, you might feel comfortable borrowing from the lender. Just be sure to ask other borrowers who have used the company before about their experience with the lender before signing on the dotted line.

LendingUSA will verify your rate in minutes and receive a pre-approval decision in seconds. It is not known how long it will take you to receive your money.

LendingUSA does not list a minimum credit score to qualify for its loans. But the better your credit score, the more likely you are to get a loan. A higher credit score is also more likely to get you a lower rate.

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