Forestar Announces Proposed Offering of $250 Million of Senior Secured Notes

by Shelton on May 10th, 2014

filed under Secured Credit

AUSTIN, Texas–(BUSINESS WIRE)–Forestar Group Inc. (Forestar) (NYSE: FOR) today
announced that its wholly-owned subsidiary, Forestar (USA) Real Estate
Group Inc. (Forestar USA), intends to offer, in a private transaction,
up to $250 million aggregate principal amount of senior secured notes
due 2022 (the Secured Notes), subject to market conditions and other

The Secured Notes will be unsubordinated obligations of Forestar USA and
will be guaranteed by Forestar and each of Forestar USAs existing and
future US subsidiaries that guarantee its senior secured credit
facility, subject to certain exceptions. The Secured Notes and related
guarantees will be secured by a second priority lien on Forestar USAs
and the guarantors existing and future assets, including pledges of
Forestar USAs equity interests and the equity interests of certain of
its subsidiaries, that also secure its senior secured credit facility.

Forestar intends to use the net proceeds of the offering to repay and
retire all of the amounts outstanding under the term loan portion of its
senior secured credit facility and to use the remaining proceeds for
general corporate purposes, which may include investments in strategic
growth opportunities.

This press release shall not constitute an offer to sell nor the
solicitation of an offer to buy the Secured Notes or any other
securities and shall not constitute an offer, solicitation or sale in
any jurisdiction in which, or to any person to whom, such an offer,
solicitation or sale is unlawful. Any offers of the Secured Notes will
be made only by means of a private offering circular to qualified
institutional buyers under Rule 144A and to persons outside of the
United States under Regulation S under the Securities Act of 1933, as
amended (the Securities Act).

The Secured Notes have not been registered under the Securities Act or
the securities laws of any other jurisdiction and may not be offered or
sold in the United States absent registration or an applicable exemption
from registration requirements.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of
the federal securities laws. Forward-looking statements are typically
identified by words or phrases such as will, anticipate, estimate,
expect, project, intend, plan, believe, target, forecast,
and other words and terms of similar meaning. These statements reflect
managements current views with respect to future events and are subject
to risk and uncertainties. We note that a variety of factors and
uncertainties could cause our actual results to differ significantly
from the results discussed in the forward-looking statements, including
but are not limited to: general economic, market, or business
conditions, and satisfaction of customary closing conditions related to
the private offering of Secured Notes. No assurance can be given that
the offering of Secured Notes discussed above will be consummated on the
terms described or at all. Except as required by law, we expressly
disclaim any obligation to publicly revise any forward-looking
statements contained in this news release to reflect the occurrence of
events after the date of this news release.

Best Debt Consolidation Loans Announces Delaware’s Top Three Debt …

by Shelton on May 10th, 2014

filed under Debt Consolidation

Best Debt Consolidation Loan identifies the top three consolidation companies in Delaware.

Wilmington, DE (PRWEB) April 29, 2014

Trying to cope with big debt can be a daunting task. As a result many residents of Delaware have chosen to use debt consolidation loan companies to help them become debt free. Unfortunately, there are many unethical debt settlement companies that have scammed their customers by charging big upfront fees and then not delivering on their promises. In some cases, Delawareans paid these companies substantial amounts of money only to find that they didn’t receive the services they had been promised.

The company recently surveyed the debt consolidation loan companies available to residents of Delaware to determine the best ones and those that could be trusted. They used six criteria in analyzing these companies: Customer service, fees, debt solution options, customer satisfaction, business ethics and financial standing.

What found is that there are honest debt consolidation loan companies available to residents of Delaware that can be trusted to deliver on their promises. Additionally, the company ranked the top three of these companies. They are National Debt Relief, CuraDebt and American Debt Enders.

It is fortunate that there are honest and ethical debt consolidation loan companies available to residents of Delaware as they are currently carrying credit card debt averaging $5,324 which is slightly higher than the US national average of $5,235 per borrower. Also, as of 2011, Delaware led the nation in average consumer debt at $20,233.

Why do residents of Delaware carry so much debt? It has an unemployment factor of just 6.5%, which is much better than the US as a whole with its unemployment rate of 7.3%. Delawareans have an average credit score of 680, which is slightly lower than the average FICO score for the US of 689. But this could be explained by the states median household income of $48,971 vs. the national median household income of $51,017.

In addition, the states largest city, Wilmington, has an unemployment rate of 10.7%, while Dovers unemployment rate is 9.1%. This suggests that the principal reasons why Delawareans are struggling with debt is the states unemployment rate coupled with high average debt per borrower. In addition, it is believed that many residents lack good personal financial management skills.

Delawares workforce is 405,750. Given its unemployment rate of 6.5%, there are approximately 27,000 Delawareans still out of work. It is likely that this also contributes to the problems Delaware residents have with debt.

National Debt Relief was given the top ranking by based on several factors. First, was the fact that the company provides its clients with custom-designed debt consolidation solutions and that it has maintained an A rating with the Better Business Bureau for the past several years. The analysts who did the survey also found that National Debt Relief is ethical in that it charges its customers no cancellation or upfront fees.

These analysts also found that the customers of National Debt Relief almost always ranked their satisfaction with its debt relief services as very satisfied. analysts also found National Debt Relief charged its customers nothing until it had satisfactorily settled their debts and provided them with payment plans that they approved.

CuraDebt was the debt consolidation loan company ranked second by It specializes in helping customers who have more than $10,000 in debt and is usually able to deliver on the promises it makes to its customers because of the strong working relationships it has with the credit card companies. CuraDebt has been able to successfully help its customers with student loan debts, tax debts and defaulted loans as well as credit card debts.

American Debt Enders was ranked third by The company has been in business for nearly 7 years. It specializes in working with customers that have more than $5,000 in debts. American Debt Enders reports that its counselors are able to help the company’s clients with virtually every type of credit problem even with improving their credit scores.

Sidewalk safety still a top priority

by Shelton on May 10th, 2014

filed under Personal Funding

COSHOCTON — Coshocton City Council continues to pursue grant funding to improve walking paths around the Coshocton City Schools campus.

The council is pursuing up to $500,000 in grant funding from the Ohio Department of Transportation Safe Routes to School program. It’s hoped all needed forms and information will be completed this fall for 2015 funding consideration.

Council members and city officials recently did a tour of the area looking at repairs and sidewalk installation recommended by TransSystems, which assists communities with the safe routes program. The next step is to prioritize needs and have an engineering firm draw up work estimates.

TransSystems had the total project targeted at about $1 million, with other funding to come from additional grants, donations and personal funding. Councilwoman Jackie Salmans said no matching funding is required for Safe Routes to School, and right now, the city and school district were just looking at what could be done with safe routes funding if awarded.

Main routes being looked at include Cambridge Road from the school campus to Walnut Street and Denman Avenue from the campus toward the Coshocton County Fairgrounds.

Foot traffic has increased in the area since the opening of the new Coshocton Elementary School in October. Elementary students and their parents are more likely to walk to and from school than junior high and high school students.

Salmans has been exploring the grant for almost two years, as she was the chairwoman of the council’s Grant and Economic Development Committee. ODOT representatives gave a presentation to the council and for the public last May. She said council members were waiting on ODOT to approve the TransSystems plan, which came late last year.

Safe Routes to School is a federal program managed in the state by ODOT. It focuses on removing barriers and improving conditions for students to walk or bike to and from school.

An additional $50,000 also could be obtained for non-infrastructure elements, such as promoting walking awareness and establishing school walking programs.

ODOT said the program is to complement, not replace, busing and that walking offers a healthful alternative when the weather is suitable. Walking also can eliminate possible traffic congestion from parents who live nearby dropping off or picking up students in cars.

That’s an issue Salmans can speak to, as she often picks up her daughter from school and knows how traffic can be. They live nearby on Marion Drive, but there isn’t a good way to get home, Salmans said.

“I think parents would want sidewalks so kids can be up out of the traffic and out of the grass,” she said. “Most parents feel safer knowing their kids are on sidewalks and not in the streets.”

The council meets at 7 pm Monday at City Hall.


Twitter: @llhayhurst

5 Best Credit Cards for Rebuilding Credit in Fort Worth

by Shelton on May 10th, 2014

filed under Secured Credit

Some financial mistakes are easy enough to bounce back from, while others might have left a bad credit score hanging over your head. No matter how bad your credit is, there is still hope for your financial future if you know how to act on it.

The best way to increase your credit score is with a secured credit card. These cards look and act just like traditional credit cards, though you usually have to pay an annual fee. However, many of these cards report monthly to the three major credit bureaus. Therefore, as long as you pay your bills and keep your spending moderate, your credit score will gradually go up each month.

Here are the four best cards for customers with poor credit in the Fort Worth area:

1. Fort Worth Community Credit Unions Share Secured Cards

Fort Worth Community Credit Union offers some of the most competitive rates for secured cards nationally. There is no annual fee for its Share Secured MasterCard and Visa, and the APR is lower than normal for an unsecured card, at just 9.90%.

Credit unions offer more than just low rates, they are also convenient to visit for member support.

2. USAAs Secured Cards

As far as a secured card goes, the USAA Secured card is a good pick. This card costs $35 per year and has a low APR of 9.90%. Unlike many other cards, there is no penalty APR, though you shouldnt be late on your payments if you want your credit score to go up!

There is a 3 percent charge for balance transfers and cash advances, but this card is designed to boost your credit rating, so you can use it confidently toward this objective.

3. US Banks LifeMiles Secured Visa Card

The LifeMiles Visa Secured credit card is one of the only of its kind, allowing you to earn rewards while you build up your credit. You will receive 5,000 bonus miles with your first purchase and one LifeMile for each dollar you spend.

The first year of card usage is free, and costs $25 annually after that. You can cash your LifeMiles in for amazing opportunities.

4. Bank Americard Secured Credit Card

The best thing about the Bank Americard Secure Card is that in twelve months, you can qualify to get your security deposit back and your secured card can become unsecured, allowing you to transition to a regular credit card in a short period of time without any hassle. The fee for this card is slightly higher, at $39 annually, and the APR is a variable 20.24%.

Secured cards are not always the most desirable credit cards in the market, but they are the best option for those with bad credit. Look for a secured card without any hidden fees or catches.

Cleansing the Yamuna of religious offerings

by Shelton on May 10th, 2014

filed under Personal Funding

Tired of Delhiites using religious rituals as an excuse to pollute the Yamuna, a non-government organisation has decided to intercept devotees before they fling their offerings into the river.

Four strategically-placed vessels, shaped like giant matkas (earthen pots), are placed on the ITO bridge from 7 am to 4 pm every day to collect flowers, earthen idols and other ceremonial offerings.

As vehicles slow down near the fenced boundary of the bridge, attendants approach them, asking if the occupants have anything to throw in the river. The offerings are then taken to Ghazipur and segregated for recycling.

Run by the Youth Fraternity Foundation, with help from the Delhi Government’s Environment Department, the initiative is aimed at reducing pollution in the Yamuna.

The ‘pushpanjali prawaha patras’ (offering collection boxes) are placed on cycle-carts along the bridge.

This project was first started in October last year, when these carts would go to popular temples across the city to collect offerings. Around a month ago, the NGO decided to focus on solid waste being dumped from the ITO bridge. Now, the carts make a round of temples in the morning before reaching the bridge.

You will not believe what all we have collected. From flowers to religious calendars, to even shoes have been collected by our kalash (vessel), said YFF president Guru Dutt Aakash.

Segregation of waste

In Ghazipur, the offerings are sorted into different piles like paper, flowers, plastics, earthenware, coconut husks etc. The biodegradable waste is turned into compost and the rest is recycled.

We haven’t been able to recycle the idols as of now as we don’t have the relevant machine, so we are collecting them and looking for alternatives. We have four truckloads of idols alone out of the 32 truckloads of material we have collected so far, he added.

The Environment Department, which sanctioned the project around three months ago, gave the foundation Rs.3 lakh to pay salaries and procure the vessels and carts.

We wanted to make the Yamuna less polluted and also respect people’s religious sentiments, said Environment Department Director Dr. Anil Kumar.

Manoj Misra of the Yamuna Jiye Abhiyaan welcomed the initiative. It is a step in the right direction, but it needs to be done on a sustained basis at all such bridges in the city, he said.

And that is exactly what the foundation hopes to do if this pilot project works out. We could provide employment to over 600 people all over Delhi and really make a dent in the pollution level of the river, said Mr. Aakash.

Currently, the foundation is using personal funding from members to run the pilot scheme in addition to government assistance, but it is hoping to get financial help to expand the project.

With a different kind of ‘divine intervention’, the foundation is hoping to restore the Yamuna to its past glory.

Florida’s Top 3 Credit Card Debt Consolidation Loan Providers Announced by …

by Shelton on May 10th, 2014

filed under Debt Consolidation

Jacksonville, FL (PRWEB) May 02, 2014

One of Americas top debt consolidation loan websites has identified Floridas three top debt consolidation loan providers. The website, did an exhaustive survey of the debt consolidation loan companies available to Floridians and concluded that the three best are National Debt Relief, CuraDebt and American Debt Enders.

The study done by ranked debt consolidation companies based on six criteria: Customer service, debt solution options, fees, business ethics, customer satisfaction and financial standing.

Floridians are carrying an average credit card debt of $4881, which is below that of the US as a whole. However, the states median household income is just $48,071 versus the countrys median household income of $51,017. In other words, Floridians have an average income thats nearly $300 less a year than Americans in general.

The unemployment rate for Florida is currently 7.1% or two points better than the US unemployment rate of 7.3%. Homes are owned by 68.4% of Floridas residents. This is somewhat better than US average homeownership rate of 65%.

Despite these somewhat positive numbers, many Floridians are still unemployed. For example, the unemployment rate in Miami is 9.3% and Tampa is 7.4%. Given Miamis total workforce of 433,143 and its unemployment rate of 9.3%, there are approximately 41,000 Miamians still out of work.

Why are some Floridians struggling with debt? Part of this is due to the states unemployment rate. Beyond this, its believed that many of the states residents are just not very good at personal financial management.

Fortunately, as found, there are trustworthy and ethical debt consolidation loan providers available to help debt-saddled Floridians become debt free. Based on its analysis of debt consolidation loan companies, gave its top ranking to National Debt Relief. The primary reasons for this were that the company provides its clients with debt consolidation solutions custom-tailored to their needs and that the company operates in a very ethical manner. For example, National Debt Relief charges its clients no cancellation or upfront fees. The National Debt Relief clients surveyed by reported that they were almost always very satisfied with the debt relief services they had received. These clients also liked the fact that National Debt Relief charged nothing until it had settled their debts to their satisfaction and provided them with payment plans that they approved. Plus, National Debt Relief has now maintained an A rating with the Better Business Bureau for several consecutive years. ranked the company CuraDebt second in its list of the top debt consolidation loan companies. CuraDebt specializes in helping people that have more than $10,000 in credit card debt and is almost always able to deliver on the promises it makes to its clients because of the strong working relationships it has with the credit card companies. In addition, CuraDebt is able to assist its customers with student loans, tax debts and defaulted loans as well as credit card debts.

The company that was ranked third by is American Debt Enders. This company provides debt relief to people that have more than $5000 in debts. It has been in business for nearly seven years and its debt counselors are able to solve almost all types of credit problems. In fact, the company reports that its even able to help its clients improve their credit scores.

Florida residents who would like to learn more about these three debt consolidation loan companies should go to http:///

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