| Academic Financial Solutions Advises Recent Graduates Not to Delay on College Loan Consolidation
Leading student loan debt consolidation company, Academic Financial Solutions, recommends college loan consolidation before the six month grace period expires in November. Tampa, FL (PRWEB) November 5, 2007 -- Academic Financial Solutions, a leading student loan debt consolidation company based in Tampa, Florida, alerts college graduates who graduated last May or June not to delay on college loan consolidation. �Waiting to consolidate will be costly,� says Michael Babb, President of Academic Financial Solutions. �Many student loan borrowers don�t realize that their six-month grace period is expiring until it�s too late and lenders begin demanding repayment. It�s really an unfortunate situation. Many borrowers get caught up in transitioning from college life to finding a job, a place to live and other immediate necessities and lose track of the timing of their repayment obligations.
Guest column: Home equity loans should be used sparingly
The versatility of the home equity line of credit has many consumers tapping into their home's equity to pay for home improvement projects, college tuition, weddings, new vehicles and credit card consolidation. While there are no restrictions on how the proceeds can be used, using your home's equity as a temporary solution to a long-term problem could jeopardize your home and credit. For example, using a home equity line of credit to consolidate credit card debt can put you into further debt if you continue to use your plastic and carry a balance from month to month. Your home is usually your largest asset. If you choose to use your home for additional credit, be sure you have a plan and purpose for that credit, such as financing a home renovation to improve your asset and increase your home's value.
Credit card users hurt by squeeze
Nearly half of all shoppers seeking new credit cards are being refused, as a money squeeze begins to hit ordinary borrowers. The number of applications refused by card providers has risen by 17 per cent to an estimated 3.27 million in the past six months, figures released yesterday showed, while those who are granted a card are being forced to pay higher interest rates and charges. There have been 125 separate fee and rate increases over the past two months. Young people aged between 25 and 34 are most likely to be refused a card, according to Moneyexpert.com, the price comparison website. But financial experts said that people already struggling with debt would be hardest hit by the clampdown. Esther James, credit card analyst at Moneyfacts.co.uk, another financial website, said: "It seems as if the credit crunch is beginning to cause credit card chaos.
Zayo Bandwidth Completes $85 Million Round of Debt Financing
Zayo Bandwidth, a regional provider of fiber based bandwidth services, today announced it has secured an $85 million debt facility. The facility was led by CIT Group, Inc. with CoBank and Hercules Technology Growth Capital, Inc. as co-sponsors of the facility. .
Gaming N ews
ATLANTIC CITY, New Jersey -- (PRESS RELEASE) -- Trump Entertainment Resorts, Inc. (NASDAQ: TRMP) (the "Company") today reported its results for the quarter ended September 30, 2007 and other related news. In making the announcement, Mark Juliano, Chief Executive Officer of the Company, said, "We are pleased that we were able to achieve stable financial results during the quarter compared to last year despite the challenges the Atlantic City gaming market is currently facing, which led to a 6.2% marketplace decline in gross gaming revenue during the quarter. We are working diligently to further improve our business in this changing marketplace, and we are pleased with the positive results from the Taj Mahal and Plaza resulting from efforts under our strategic operating plan. The Marina has been disproportionately impacted by the increased competition and, as a result, we are currently taking aggressive steps by dedicating additional resources to improve the Marina's performance." CONSOLIDATED RESULTS Net revenues have been impacted by increased competition from new gaming facilities in Pennsylvania and New York, an aggressive promotional environment in Atlantic City and the partial smoking ban in Atlantic City effective on April 15, 2007.
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