| 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.
Garmin cuts mapping deal with Navteq, ends Tele Atlas bidding
Garmin Ltd. has cut a long-term deal with Navteq, the world's No. 1 digital mapping company, and will drop out of a multi-billion-dollar bidding war for the No. 2 mapmaker. The Olathe navigation company said today it has signed a contract with Navteq, based in Chicago, to supply maps to Garmin through 2015. Garmin has an option to extend the contract through 2019. The action ends a bidding war between Garmin and its chief competitor in the navigation market, Netherlands-based TomTom, for Tele Atlas. The two companies had bid up the price for Tele Atlas, a Netherlands company that has never had a profitable year, to $4.2 billion. News of the Garmin-Navteq deal sent shares of Garmin soaring. Shares closed at $97.51, up $13.51, or 16 percent.
Credit limits are set to lower
Existing credit card users are at risk of having their credit limits being cut as providers rein in their potential exposure to bad debts. Credit reference agencies say card providers are reducing limits for some existing customers, as well as taking a tougher approach to new lending. Even customers who have never defaulted could see their borrowing power reduced. .
THE SCRIPT THAT CAN SAVE YOU MONEY
Consumer Advocates claim one script can save you a lot of cash. They say if you call your credit card company and read it word for word you may get a lower Annual Percentage Rate. 7 News discovered the script worked for several people who used it, you lose nothing by trying so here it is:Hi, my name is ____________. I'm a good customer, but I have received several offers in the mail from other companies with lower annual percentage rates. I really want a lower rate on my card. Can you help me? .
Buyers of TXU see interest payments quadruple
The buyers of TXU Corp. took on billions in debt to finish the deal, nearly quadrupling annual interest payments to $3.6 billion. And as costs are set to rise, the company, now called Energy Future Holdings Corp., is bringing in less money, according to a filing on Wednesday with the Securities and Exchange Commission. Energy Future said net income in the third quarter dropped to $992 million from $1 billion a year ago as the company sold less electricity, lost customers and cut prices. Revenue for the company dropped to $3.4 billion from $3.5 billion. Energy Future is the new name for the company now that private equity firms have officially taken over. To pay for it, the buyers boosted the company's total debt to about $40 billion from the $10.6 billion in long-term debt TXU reported at the end of last year.
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