Archive for 'General'
Best Way to Repay a Student Loan
Posted on 09. Mar, 2010 by admin.
If you apply for a student loan to pursue further education in a tertiary institution it is not unusual that you would incur student debts in the process. After graduating in a university being faced with a huge amount of student debt and looking for debt management solutions can be quite a difficult situation. Some people take out a loan and deposit some of it in a high interest account.
This is a good debt management strategy because they are earning interest income higher than the loan rates. The rule is student loans made before September 1998 needs to be repaid in 60 or 84 monthly installments. The number of months will depend on the number of loans you took. Whichever period is required, payment starts in April a year after graduation. Student loans made after September 1998 have different repayment terms. The repayment is required in April a year after you graduate or left the course. But you are only required to make payments once you are employed and are earning above £15,000 per year, £1,250 per month or £288 per week. If your income is beyond these amounts then 9% of the excess will be deducted from your salary by your employer using the PAYE system. The rate on all student loans changes every 1st of September each year. The rate is based on the inflation rate as provided by the Retail Prices Index (RPI).
From September 1, 2008 to August 31, 2009 the rate was pegged at 3.8% on the loan balance. If the debtor is not able to find work or earns less than the £15,000 minimal, then he or she need not repay the student loans after September 1998. After 25 years has lapsed since the loan was first granted or when one reaches the age of 65, whichever comes, the loan is written off. The rate of interest in student loans is often lower than commercial loans. There are a variety of options available for the debtor to be able to repay the debt. Interest is charged on the remaining capital balance of the loan so it is a good debt advice to pay the loan early. You can make payments even if your earnings are below £15,000. If you wish to reclaim the payments made you can ask for a rebate through the Student Loan Company. Refunds are made at the end of the Tax Year in April.
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Very.co.uk Sale Now On
Posted on 23. Dec, 2009 by admin.
Looking to save money this Christmas? Push your budget further with sale items from very.co.uk. Online department store Very is offering a great number of chances for its customers to save money this Christmas. With huge savings to be found on sale items in all departments across Very’s main website, it looks as though this online shop will be pulling in very large numbers of new fans over the next couple of weeks. Indeed, the success that Very has had in the build up to Christmas this year is expected to lead on into the New Year, and the site is expected to carry on doing very well in the January sale.
The sales offers in all departments of the site have been designed to pull in the January sale market, and there is no doubt that some of the offers are very generous. With prices of both male and female clothing slashed, as well as furniture, electricals and home appliances, people looking for a Christmas bargain are logging onto very.co.uk in their droves. Added to these reduced prices is the fact that shoppers at Very will not be required to pay anything until February next year, which is just another incentive to log and take advantage of the great offers that Very is giving away.
Another offer that Very is giving to its online customers is that they will pay no interest, even though they will not need to pay for their purchases until February next year. Not having to pay for all their Christmas presents all at once is likely to come as a huge relief to a large number of people, especially when the current economic problems that many people are facing are considered.
Added to this is the fact that much of the sale stock available has had its price halved, meaning reductions on top of reductions and huge savings for all customers concerned. Customers shopping at Very can look forward to next day delivery right up to the day before Christmas Eve, and free returns even on sale stock.