| Rein in spending and avoid credit-card debt
Question: I have credit-card debt at high interest rates on several cards, as well as student loans. Going into my last year in college and being wary of the future, carrying this debt scares me. I have been wondering if I should consider a debt-consolidation loan. What do you think? Answer: I am not a fan of consolidation loans. What attracts most people to consolidation loans is the potentially lower monthly payments. However, the main drawback of such loans is that they usually raise a person's average interest rate on his debt. .
Report: University of Nevada, Reno alumni group paid by loan firm
RENO, Nev. (AP) - The alumni association at the University of Nevada, Reno received money from a student loan consolidation company in exchange for names of alumni and exclusive rights to UNR's logo in promotional material, the Las Vegas Review-Journal reported. Over the past four years, UNR's alumni association received $88,400 from Nelnet Inc., the nation's second-largest student loan consolidation company, according to the New York Attorney General's Office, which has been investigating ties between student loan lenders, universities and administrators. On Wednesday, New York Attorney General Andrew Cuomo announced an expansion of the probe to include whether top college athletic departments steered athletes and other students to loan companies in exchange for kickbacks. No Nevada schools were among 39 nationwide served with subpoenas and requests for documents in that aspect.
For the record 19 July
Colt records another profitable quarter | 3V launches mobile top-up service There was a rash of financial results on Thursday, with Citrix, Colt and Iona all releasing quarterly figures. Citrix announced year-on-year quarterly revenue growth of 21 percent, and product licence growth of 16 percent in the second quarter of 2007. Revenue for the quarter reached USD334 million, a 21 percent improvement on USD275 million a year earlier. Revenue from licence updates grew 18 percent, while online services accounted for USD52 million of revenue -- a 47 percent rise. Technical services revenue, which includes consulting, education and technical support, rose 22 percent. Meanwhile, Colt registered its fourth consecutive quarter in profit. Although revenue at the telecoms group slipped 8.8 percent to USD410 million, profit before taxation did a U-turn from a EUR9 million loss a year earlier to a profit of EUR8.9 million.
Don't overlook credit unions
Consumers have a plethora of borrowing and saving options, from traditional banks to online-only banks to credit unions and investment brokerages. And while Internet-only banks can offer the most competitive rates for saving and borrowing, credit unions offer a mix of favorable rates and personal service. They're often a good alternative to traditional banks, which still dominate the market. Credit unions are affiliated groups of people who pool their money and lend it to each other. They don't have divided loyalties; they're not trying to serve a customer at the same time as boosting profits and the stock price for shareholders. .
TRX Integrates RESX Online Booking Site with TRAVELTRAX Data Reporting
TRX, Inc. , a global technology company that develops and hosts software applications to process data records and automate manual processes, today announced it is incorporating the innovative travel data reporting functionality of its TRAVELTRAX(SM) application into the RESX(R) corporate online booking engine. RESX is a leading online booking tool allowing corporate travelers to create policy-compliant and on-budget travel reservations via a hosted Web interface. TRAVELTRAX is a Web-based travel data reporting platform featuring simple and visual dashboard reporting. By integrating the two applications, RESX will provide agency distributors and corporate accounts with enhanced reporting. Travel managers and system administrators will improve their ability to monitor travel and expense trends through executive dashboards and detailed, traveler-level data.
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