The new MSN Live Messenger

For nearly ten years, MSN Live Messenger was the place to be online. If you wanted to talk to your friends after school, then you would sign into MSN. It was the place to talk, it was free and really well designed.

Microsoft recently announced that they were fazing out the MSN Live Messenger and this was confirmed when they purchased Skype and wrapped the two products into one piece of software.

Skype had fast become on of the most used alternatives to Messenger. The increase in Internet connection speeds and with webcams becoming standard features of laptop, both meant that face-to-face video chatting was the future and most used format by MSN’s target audience. Being able to video chat, text chat, share files and even share computer screens, meant that Skype offered more than MSN did and consequently the audience soon transferred

Facebook launched a chat function which was designed to rival MSN’s system. The in-web based chat would allow any person who is friends with someone to type and talk to each other. When Facebook became the most visited website in the world, the chat function was at it’s peak. The complete integration of the function ensured that it was always going to be a success and this will continue until Facebook finally runs it’s course of time, which is not looking likely anytime soon.

When Twitter was launched in 2006, it allowed anybody in the world to see what you were saying and for friends to directly message each other. The short texts instantly became popular amongst the young generation and Twitter accounts now rival Facebook accounts. Twitter has now become the preferred online communication tool of nearly everyone under the age of 30.

When MSN Messenger was closed down, it left a void filled by Skype, Facebook Chat and Twitter. All three of these options allow users to talk to each other, but with a few modern additions and twists.

A way around credit checks for student loans

Most students have very little or no credit history therefore they often go searching for loans with no credit requirements. This may sound like a good strategy but the reality is that most private student loans companies require some sort of credit check – the companies will also more often than not require borrowers to have someone cosign their loan. If this is not the case you will still probably be subject to other terms and conditions and also much higher interest rates than someone who does have a cosigner. student loans

Private lenders often require credit checks for student loans because they can use your credit history to predict whether or not you will be able to repay the amount borrowed. A credit score is based on several factors regarding finances including acquiring and paying back debt. If you have a limited, nonexistent or negative credit history you are seen as a riskier investment, which is why students often have difficulty securing private loans without a cosigner.

A cosigner will usually have a better or more established credit history than you, this can help you qualify for a private student loan. There are serious legal implications with having a cosigner – they will be held responsible for the loan if you do not meet the repayment obligations. It doesn’t matter whether or not you are unable to make payments because of financial difficulties or because you simply don’t want to, the person who cosigned the loan will be expected to pay off your debt if you do not.

The US department of Education, offers The Direct Loan Program which is a student loan service that does not require a credit check or cosigner. The program is designed for students who have little or no credit history, which is why federal loans will have lower interest rates than private loans and offer more flexible repayment plans, especially if you suffer economic hardship after leaving school. In addition to typical 10 and 25 year repayments plans, federal loans allow you to base repayment on your income or let you defer pay repayment until your financial situation improves – borrowers can also consolidate their federal loans into one which could lower their monthly repayment.