Government Money for Disaster Victims

[ Bookmark this page! ] [ get HTML Version ]

Instant Cash Loans
While most people consider it second nature to compare mortgage lenders and vehicle lenders, few people recognize the value of comparing cash advance lenders. Getting a cash advance loan is a life saver during emergencies. After completing a short application, you can have up to $3000 deposited into your checking account within 24 hours. However, before submitting an application, it would be wise ... Read loans article



How to Get a Bad Credit Loan Online
The prospects of obtaining a loan, credit card or bank account with adverse credit history is NOT impossible, especially if you're a homeowner. Tenants can also apply for loans from unsecured loan brokers - sometimes referred to as "Loan Sharks." It is estimated that, in 2006, over £32 billion of unsecured lending and £8.8 billion of secured loans will be used for debt consolidation. According to ... Read loans article



Government Money for Disaster Victims
It happened. Now it's time to rebuild. Get up! Do NOT let this break your spirit!

Whether it's Hurricane Katrina or a freak accident, the government stands ready right now to help you recover from the disaster that devastated your home and/or your business. It doesn't matter whether you ran a lemonade stand or a 100-employee company; whether you rented an apartment or own what used to be a nice house.

Money to rebuild is right in front of you.

Widespread mistaken belief: SBA only provides funds for businesses.

FACT: 80 percent of SBA low-interest disaster recovery loans go to renters and homeowners.

Renters and homeowners can borrow up to $40,000 for personal property losses. Homeowners may receive up to $200,000 for real property recovery (damage to their home). Business loans for disaster recovery can go as high as $1.5 million to repair property and/or be used as working capital.

The loan process is extremely fast after a declared disaster, according to Herbert Mitchell, associate administrator for SBA's disaster assistance program. "In most cases we are able to disburse funds in three to five days in 97 percent of the requests that we get," he says.

In Louisiana, recent SBA loans have ranged from a low of $600 to as high as $280,000. This illustrates the fact that no matter what you may have lost due to disaster, you have an immediate and effective option for money to get back on your feet and move on with your life - starting today.

Getting the money

1. Register with FEMA. The Federal Emergency Management Administration (FEMA) coordinates the overall federal response to a disaster. In order to be considered for SBA disaster loan assistance you must first register with FEMA in order to get into the system. Two ways to get rolling: 1) call 1-800-621-FEMA (3362); or 2) go to www.fema.gov and follow the online instructions.

FEMA will send you a package, or you can pick one up at a local disaster recovery center (call or check the website to find one near you).

2. Complete the package. If you have trouble, call customer service at 1-800-659-2955 or visit a disaster recovery center for help. The package contains FAQs and pointers to help you fast-track your application. At these offices, loan officers are on hand as well as customer service reps to help you complete your application quickly and get the help you need ASAP.

The SBA's role in disaster recovery is to help renters, homeowners, small businesses, and non-profit organizations to get back on their feet.

You need to know that SBA loans are intended to make up the difference between your actual assessed losses and what your insurance company covers. In other words, if you sustained $30,000 in losses and your insurance only covered $20,000, your SBA loan would be considered for up to $10,000. If you were uninsured, your SBA loan could cover your entire loss.

But the SBA recognizes that people need help fast, and insurance money often gets delayed.

"You don't have to wait until you settle with your insurance company," Mitchell points out. "You can apply, take an assignment in the insurance, and then we can settle up at the end."

Don't let a disaster take your life away. Get back on your feet and let SBA help you build a new life. And by the way ... you may also be eligible for FEMA grant money, depending on your circumstances!

For more information on SBA loans and direct links to money and services for helping you to recover your business and life after a disaster, please see the author's quick-read series on this topic. Michael Riley specializes in writing articles for business and personal development.

What do you want to do?
Bookmark this page before you lose it
Search this site for FREE information
Help spread the word. E-mail this page to a friend

Debt Management Plans To Get Out Of Debt

Debt management plans (DMP) consolidate your short term debts into one monthly payment. They also negotiate lower interest rates, enabling you to pay off your accounts usually in less than five years. Before you sign up with one of these companies, you want to investigate them to be sure they are legitimate.

Services Offered

A DMP company, also called debt consolidation, handles the accounting side of your bills. They work with your lenders to lower interest rates, pay your accounts, and then close accounts when appropriate.

DMP are for short term debt, like credit cards and bills. They cannot reduce student or mortgage rates. However, you can reduce rates on these types of loans by refinancing them on your own.

With a DBP company, all you do is make one payment to them and provide your financial information. Part of your monthly payment will include a small fee for each account handled by the debt consolidation company.

Questions To Ask

Before you submit your financial information to a DMP, investigate the company. One important question to ask is how long will it take to pay off your accounts. A reputable company will ask for lenders' names and account balances, but not account numbers to make an estimate.

They will then give you a specific date for each account. Since you have varying account balances, each account will have a different date. You should also know that rates are predetermined by creditors, so all DMP companies will get you the same low rate.

You should also ask about fees. Most companies charge a small fee for each account handled. Companies that require a large fee up front that is refundable in part are banking on the fact that most people do not follow through with these plans.

Other Credit Services

If you are not sure debt consolidation is for you, sign up for credit counseling. Through an appointment over the phone, internet, or in-person, you can work with a counselor to come up with a financial plan for debt payment. They may suggest a DMP or consolidation your credit into one loan, usually a second mortgage.

To view our list of recommended debt management companies online, visit this page: Recommended Debt Management Companies Online.

Carrie Reeder is the owner of ABC Loan Guide, an informational website about various types of loans.


Top rated articles for loans

1. Countrywide Home Loan
Mostly likely when you get ready to buy a home, you will not be able to just write a check or plop down a briefcase of cash to pay for it. You will want to borrow money and make monthly payments on it... Read loans article

2. Personal Loans Primer
Here is a useful guide to Personal loans. What is a personal loan? A personal loan is money lent to an individual by a financial institution for a specific personal purpose.

A personal loan... Read loans article

3. Bad Credit Loans and Your Options
If you are one of the millions of people walking around today with a bad credit rating, you may well be wondering how you'll ever be able to get a loan again in the future. Well wonder no longer. If y... Read loans article

4. Best Payday Loan Terms - How to Qualify
Your personal information will directly influence your acceptance for a payday loan. Although there are other options for individuals without documentation or who would like to obtain a payday loan an... Read loans article

5. Loan Insurance - What Is A Payment Protection Plan
A Payment Protection Plan is an insurance cover you would normally take out when you apply for a loan in order to have peace of mind because no matter how healthy you feel today, nobody knows what lie... Read loans article

6. Need Cheaper Finance - Try Secured Automobile Loans
The usual modus operandi in most automobile purchases is as follows:

Step 1: Recognize the urge for an automobile.

Step 2: Check the bank balances.

Step 3: Head for th... Read loans article

7. Unsecured Business Loans - How to Earn Finance Without a Collateral
Running a business is a risky task, filled with uncertainty. Despite of cautions taken by entrepreneurs, crisis may occur anytime. Entrepreneurs may need urgent cash at that time. How can they get tha... Read loans article

8. Fast Loans for Unemployed
Brad Hanks has been unemployed for the past three months. While finance does pose a problem with no fixed income in sight, it becomes especially difficult to make ends meet during times when there are... Read loans article

9. Auto Loans - 5 Tips For The Best Interest Rate
You've got your eye on that shiny new Lexus - okay, maybe it's a Kia, but it's perfect and you want it to be yours, all yours - as soon as possible. At the same time, you certainly don't want to be sa... Read loans article

10. Secured Loan or Unsecured Loan
Loans are part of life for most people. Maybe you dont realize it, but your credit card is a form of loan just like your home or your car. But there is one big difference! Your home loan and car loan ... Read loans article

1. Unsecured Consolidation Loans - Unlocking Your Doors to Freedom
2. Secured Loans Overview
3. Home Equity Line of Credit And Prepayment Penalty
4. Low Interest Rate Credit Cards - APR Secrets
5. Online Loans Made Easy
6. Cash Advances - Get Approved Fast and Easy
7. What Is A Secured Loan
8. Unsecured Loan With No Credit Check - Finding one
9. Homeowner Loan
10. Best Car Loan Rates - Prime and Sub Prime Auto Lenders

Mortgage loans and refinance loan in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi,



Government Money for Disaster Victims
Home loan, mortgage loan, refinance loan services in Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania,

Loan services in Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington DC, West Virginia, Wisconsin and Wyoming.