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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
car loan denied
Before approving an auto loan, lenders use a set list of criteria to gauge a borrower’s credit worthiness. The criteria include a borrower’s credit score, repayment history and overall credit history. Borrowers with high credit scores and reliable sources of income can count on receiving money easily and usually at a low cost. Those with low credit scores will have to pay more in interest on their loans, but borrowers with poor credit histories often have no access to financing at all. Before...
counting money
An installment loan is a long-term loan, usually due in small installments spread out over several weeks. Under an installment loan, the lender gives the borrower a certain amount of credit. Unlike payday loans, which usually need to be repaid within 14-31 days, an installment loan is paid out in monthly installments over the course of several months. To avoid the interest rate caps set in place by several states, installment lenders employ two tactics: offering loan insurance packages and...
young woman examines debt
Consumers have more to worry about than high-interest, short-term loans. According to a new report from ProPublica, long-term installment loans carry similar interest charges to payday loans and trap borrowers in the same cycles of debt. Installment loans, which have existed for decades, allow borrowers to pay back their loans over several months or years. The lenders make their money by tacking on unnecessary insurance fees and by enticing borrowers to renew their loans. ProPublica...
calculator
To calculate the APR of your payday loan, use the formula   ((F/T) x 365)/(the term of the loan in days), where F represents your loan fees and T equals the total amount of the loan. For example, if you receive a total of $255 in credit from a lender for a 14 day payday loan and owe $45 in fees, your calculation would be: ((45/255) x 365)/(14) = (0.17647 x 365)/14 = 64.41156/14 = 4.6008, or 460.08 percent What is an APR? The annual percentage rate, or APR, of a loan describes the interest rate...
Tesla car
Consumer Reports has named the Tesla Model S the best car since 2007’s Lexus LS. This week has been especially good for Tesla, which announced its first quarterly profit yesterday. The company made 11 million dollars during the first quarter of 2013. The Model S scored 99 out of 100 points and is the first car to score that high since the publication reviewed the Lexus LS 460L six years ago. In its glowing review, Consumer Reports editors said the car “takes everything you know about cars and...
TV remote
The British Advertising Standards Authority has banned a payday loan advertisement for suggesting that short-term, high interest loans can be used to fund a celebrity lifestyle. The ad, which promoted payday loans offered by PDB UK’s Cash Lady, features media personality and former girl group member Kerry Katona. Katona, who filed for bankruptcy in 2008, references her own financial difficulties throughout the commercial. "We've all had money troubles at some point, I know I have,” she said in...

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