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Arit John Phone: 909-784-2468

Arit John received a degree in English Literature and creative writing from UCLA, where she worked as a writer and columnist for the Daily Bruin.

Following graduation, Arit spent a summer writing tweets and Facebook posts for a luxury housewares brand before heading to Iceland for three months. There she wrote news and feature stories for The Reykjavík Grapevine, the country’s largest English language weekly.

In addition to covering lending news, Arit also handles loans.org’s marketing. As a recent graduate saddled with student loans, she hopes to cover stories that directly impact people’s lives.

Latest Articles from Arit John Google Plus Email: arit@loans.org
Surburban Home
HARP 3.0 would be the second expansion in the Home Affordable Refinance Program, which was launched in March 2009 by the Federal Finance Housing Agency. The program is geared towards borrowers who are up-to-date on their Fannie Mae or Freddie Mac mortgages and would like to refinance their homes, but whose loan-to-value (LTV) ratios are above the 80 percent level. Prior to HARP, borrowers with LTVs above 80 percent would have been required to take on private mortgage insurance with their...
small business owner
The City of Oakland may team up with Kiva to offer micro-loans to small businesses. The City Council is considering a partnership with the San Francisco-based lending company that would allow three Oakland businesses to receive zero-percent interest business loans for $10,000. Under the deal, Oakland would become a “trustee” in Kiva’s new Zip program. During its first four years in operation, Kiva focused solely on allowing philanthropic individuals to fund projects around the world with small...
UK
A recent report argues that payday loan borrowers in the UK are tech-savvy and financially literate, countering reports that paint borrowers as vulnerable. The “Credit Crunched” report, the result of a survey conducted by the UK’s Consumer Finance Association, which represents short-term loan lenders, analyzed the finance needs of three age groups: millenials, middle-aged adults and retiring baby boomers. The report found that technology played a large role in borrowers’ financial knowledge...
female entrepreneur
There are a number of government and independent organizations devoted to assisting female entrepreneurs with funding new businesses. Women should also look into start-up incubators, venture capitalists, angel investors, crowdfunding and, of course, applying for traditional business loans. Government organizations The largest government organization geared towards helping women-owned businesses obtain funding is the Small Business Association’s Office of Women’s Business Ownership. The WBO...
Electricity will replace gasoline
Tesla Motors Inc. is planning to sell 2.7 million shares to raise money to pay off its Department of Energy loan early. The company, best known for its high-end, critically acclaimed electric cars, intends to offer up to 3.1 million common shares as well as $450 million in notes. In total, the company plans to make approximately $830 million. Elon Musk, Tesla’s billionaire owner, also plans to buy 1.08 million shares, valued at around $100 million. The news comes after a string of victories...
Rhode Island
Rhode Island may be the next state to dramatically lower their payday loan interest rate cap, depending on how the General Assembly votes on a new proposal. The bill, which was presented to the state’s General Assembly on Wednesday, would lower the payday loan interest rate cap to 36 percent. Under the current law, lenders can charge an APR of 260 percent, or $10 for every $100 borrowed. Supporters of the bill include Treasurer Gina Raimondo and the Rhode Island Payday Lending Reform Coalition...

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