Transfer 30000 Balance To New Card

IPL-4: IPL's brand value falls by 11% to $ 3.67 billion

NEW DELHI: When the Board of Control for Cricket in India (BCCI) sacked Lalit Modi as commissioner of the Indian Premier League (IPL) last April, the objective may have been to clean up the wildly successful Twenty20 tournament of its alleged ills ranging from money laundering to match fixing. A year down the line, however, the ghosts of the controversies and allegations have yet to be exorcised.

The latest Brand Finance study, which reveals a 11%, or $460 million drop in the value of the IPL, is evidence that all is still not well with the IPL. After two years of solid growth-the brand's value more than doubled last year-the IPL's worth is now pegged at $3.67 billion, down from a peak of $4.13 billion a year ago.

Opaque ownership patterns of many IPL franchisees coupled with allegations that funds for franchisees were coming from questionable investors have taken their toll on the marquee brand. "The honeymoon is over; the IPL juggernaut has sure hit a speed breaker," says M Unni Krishnan, MD of the India office of Brand Finance. "Now its sustainability will largely depend on infusing governance policies to align all the stakeholders towards win-win relationships, thereby preserving the value in the long run." Brand-Finance is a UK-headquartered firm that specialises in brand valuation.

At another, more tangible, level the IPL has been hit by a tornado of galloping costs. Team costs, which comprise largely of players salaries and auction spend, shot up to 40-45% of revenues in last year's IPL . The corresponding figure for IPL 2 was 30-33%.

There could be more pressure from costs in the years ahead on the IPL's valuation --- which considers future cash flows of both the BCCI and the franchisees and discounts them to their net present value. That's because existing franchisees, faced with the threat of new franchises keen to attract the stars, will step up spends in a bid to retain key players.

Rising player costs is a factor of each franchisee's purse size, which has been steadily gone up. For instance, in the first big auction in 2008, there was a cap of $ 5 million on each franchisee. Today that ceiling has gone up to $ 9 million. Result: More money to shower on the star players. Take the case of Yuvraj Singh . The 'icon' was picked for $ 1.1 million in the 2008 auction; his recent transfer to new team Pune Warriors fetched $ 1.8 million.

Q&A: Consolidate private student loans on lower interest credit ...

Here's the situation: I have about 000 (of 4,000 total) in 3 student loans to 7.5% (variable rate). These loans are private and therefore I could not consolidate them. I offer a balance transfer to 4.99% until paid to one of my credit cards and I am tempted to transfer more than 30,000 I can to that card. I do not use this particular credit card for anything else, then this is the only balance on this card that concerns me is that this will show up as consumer debt on my credit as opposed to a student debt. Anyone know what kind of impact this will have on my credit score?Worth the money saved in interest and centralized payment? Any other opinion or comment?

important issue.

I would say that in general exchange of debt for debt 7.5% to 5% is generally good, but I would not do that if you can repay the credit card quickily.

Why? There are other consequences of the debt conversion. First, unless you do a lot of money for your interest on the loan for education is tax deductible. So your interest of 7.5% is actually useful unless you are> 180K married or about half single.

Second, there are better ways to convert the credit card debt.If you own a home using an online mortgage can you get a lower interest rate. The advantage of this idea is something that can be deducted from your taxes if you detail.

Third, somethings change. I mean how many of us seek a job and 10 years later, we return to school for another life / occuptaion. If you have already returned to school you may find you may be eligible for financial assistance from others.

Finally, make sure the terms of credit cards are similar to your educational loan. Some loan rates change on intro balance transfers later (3 years down the line, for example).

I hope this helps!

Household borrowing has increased by nearly 60 percent to 6.5 trillion dollars over the past five years .* It is too easy to whip a credit card and buy items you really can not afford . While it is true that the overload is clearly the cause of the most credit, there are additional credit mistakes that can really cost you. Look in the top five mistakes listed below. Good credit is a valuable asset in today's economy. Bad credit, including bad credit, late payments, etc. can be a negative financial profile that can arise when you have a legitimate need to borrow.Buying a house is a use of credit required that few can avoid. Abuse of credit obligations in the short term or longer-that extends through the short-term debt may cause a lender to reject your application for a mortgage.