According to the Internal Revenue Service (IRS), you can deduct interest you paid on a qualified student loan if you meet all requirements, listed below.
- You paid interest on a qualified student loan in tax year 2010
- You are legally obligated to pay interest on a qualified student loan
- Your filing status is not married filing separately
- Your modified adjusted gross income is less than a specified amount which is set annually, and
- You and your spouse, if filing jointly, cannot be claimed as dependents on someone else’s return.
You cannot deduct interest if you do not meet all of the above requirements. Additionally, you cannot deduct…
Read This Article →An online signature loan is a type of loan you can apply for online that typically requires no collateral. Loans like these allow you to take out personal loans $5000 and under over the Internet as long as you can promise to pay the money back in accordance with the terms of the lender, and this promise is backed by your signature. New developments in technology have made it possible to sign documents online using just your mouse, although there are some companies that might require you to print out the loan documents, sign them, and fax them back in. Just as…
Read This Article →If you need 2000 dollars fast, your available options for getting this money depend directly on your credit score. It’s common knowledge that if your credit score is terrible, you can’t really just walk into a bank and get a low cost personal loan. Another bad thing about getting money from a bank through traditional means is that you might have to wait a while to get your money when you factor in loan processing times. Fortunately, there are a few ways to get your hands on a $2000 loan even if you have bad credit.
How to Get a $2000…
Read This Article →Do you need a $1500 loan? You may be surprised at how easy it could be to get this much money. The fact that the amount isn’t considered extremely high means that many lenders will work with you regardless of your past credit history. If your credit is good, you can probably get a guaranteed $1500 loan with no problem. With bad credit, it’s still possible to get this much money but the terms might not be as appealing. Payday loans might seem like a good idea for getting the money you need because they are fast and don’t normally do credit checks, but even the Read This Article →
Payday loans are a handy way to get money fast when it is needed, but people in Georgia can no longer take advantage of the easy cash. There are 19 states in the U.S. that do not allow payday lending in it’s most common form, and Georgia has been one of those states since the Payday Lending Act of 2004 went into effect. According to this act, charging in excess of 60 percent interest on loans under $3,000 is a felony, and this amount of interest and more is typical with most payday loans. Georgia residents who need fast cash are now forced to seek out other options.
Alternatives…
Read This Article →Reader Question: Daniel from Wisconsin asks: “Can you file bankruptcy on a student loan?”
School is hard. Paying for school is harder. In the National Postsecondary Student Aid Study (NPSAS) conducted by the U.S. Department of Education, 67% of students graduating from four-year colleges and universities had student loan debt, which represents 1.4 million students graduating with debt. This number has increased 27%, from 1.1 million students in 2004. Student loans for non accredited schools often come with less than desirable loan terms because they are harder to obtain, so it’s not unusual for many students to end up…
Read This Article →You may be under the impression that you will qualify for any type of payday loan no matter what as long as you are employed because payday loan companies give money to just about anyone. It’s common knowledge that these places don’t check credit reports, so why wouldn’t you be approved? What you might not know is that while payday loan companies don’t check credit, some of them still do use Teletrack. If your Teletrack report doesn’t look good, you might not get the money you need.
What is Teletrack?
Teletrack is similar to a credit reporting system, but instead of containing information about car payments, mortgages, and credit…
Read This Article →If you are on the verge of losing your home, you may have considered asking your mortgage lender about doing a loan modification. In the event that your loan modification goes through, the pressure will be off because you should have not only a lower payment, but also a lower interest rate. Unfortunately, home mortgage lenders do not always have your best interests at heart as they guide you through the modification process. If it would be to their benefit for you to lose your home, your modification might not go through. There are some people who want a successful modification but are afraid to trust their mortgage company with…
Read This Article →You can get Quick Payday Loans in a few different ways, including in person, over the phone, and online. The quickest payday loan you can get is definitely the kind you apply for online. The majority of payday loans do not require that you wait for more than a few hours at most to learn your approval status, but sometimes you can find out in five minutes or less if you have been approved for a loan online. There are a number of different online companies offering payday loans, but you should do some research before applying for the first one you…
When you’re unemployed and you need a loan, the situation looks pretty hopeless. After all, who is going to give you money when you don’t have a job? It might really seem like no one in their right mind would want to take a chance on you paying back a loan when you’re out of work. Before you totally give up on the idea of finding quick loans for unemployed people, explore all your options. You might be surprised to learn that there are actually a few things you can do.
20 Minute Payday Loans
Payday loans are normally approved for most people in 20 minutes or less, but it…
Read This Article →About The Editor
Maria Schubert is the editor of Instant-Loans.org. Originally from San Diego, Maria graduated from USC with a Bachelor's in Accounting, Certificate in Banking, and Certificate in Entreprenurship. Before joining our website, Maria spent time as a lender at a prominent Florida bank.In addition to working with our staff and contributing to Instant-Loans.org, Maria enjoys golfing, asian cuisine, thrifty shopping, the beach, and a great novel.