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Credit card visionary Dee Hock dies at 93


Dee Hock, a college-educated banker who transformed the Visa credit card into a global financial giant, died July 16 at his home in Olympia, Washington. He was 93 years old.

His son David confirmed the death.

The credit card industry was in an early and difficult stage of development in 1967, when Mr. Hock was appointed to head the credit card department of the National Bank of Commerce in Seattle, which was licensed by Bank of America to issue its BankAmericard.

At the time, the company was plagued by bad debts and fraud, and the cards themselves were primitive: they lacked the magnetic stripes that would later encode customer information; transactions requiring bank authorizations took a long time; and the information embossed on it – customer name, card number, expiration date – was clumsily copied onto the receipts with a heavy printer.

“In 1968, I was extremely concerned that the industry might sink and our bank’s investment with it,” Mr. Hock told Plazma Portland, Oregon-based arts and politics magazine in 2013. “I was attending a meeting of all BofA licensees, which quickly became a shambles of arguments and accusations.”

He became the head of a committee of bankers whose institutions authorized the BankAmericard, which was first issued in 1958. The mission of the panel: to determine the future of the card. (The American Express card debuted the same year; eight years earlier, Diners Club had issued what is widely considered to be the first credit card.)

The committee’s solution was to create a new company, National BankAmericard, separate from Bank of America and controlled by the card-issuing banks. Mr. Hock was named President and Chief Executive Officer. In 1976, after an internal competition, the company was renamed Visa.

As Managing Director, he oversaw the development of the first electronic authorization system and the first interbank electronic clearing and settlement system. The banks would issue the cards, not Visa, and they were mandated to add the magnetic stripe to their cards.

“Dee Hock realized something in the late 1960s that few others really understood: computers and telecommunications would soon make it possible to build a global system of ‘electronic value exchange’ that would soon allow customers to pay goods and services “wherever you want to be”. ,” David Stearns, the author of “Electronic Value Exchange: Origins of the VISA Electronic Payment System” (2011), wrote in an email. (The company renders its name in all capital letters.)

In a tribute, Alfred Kelly Jr., CEO of Visawrote that Mr. Hock envisioned a “world of frictionless commerce where anyone, anywhere could trade value 24/7 with absolute reliability.” .

This vision, long realized, has made Visa the world’s leading credit card network, with 3.9 billion cards issued and a total purchase volume of $13 trillion.

“What he did was undeniable: he made credit cards work,” Joe Nocera, a former New York Times columnist who wrote about Mr. Hock in his book “A Piece of the Action: How the Middle Class Joined the Money Class” (1994), said in a telephone interview. “He took a system on the brink of collapse and said, ‘Follow me, I’ll take you to the promised land.'”

Dee Ward Hock was born on March 21, 1929 in North Ogden, Utah. His father, Alma, was a lineman. His mother, Cecil (Dawson) Hock, was a homemaker.

As a child, Dee fell in love with the biology and ecology that surrounded him in rural Utah, but he pursued a career in banking after graduating in 1949 from Weber State College (now University) in Ogden.

Over the next 17 years, Mr. Hock served as manager of two branches of Pacific Finance Bank; an assistant director of public relations and publicity for Pacific; managing director of the Columbia Investment Company; and supervisor at CIT Financial (now Group). He was hired by the National Bank of Commerce in 1966. But before joining it, he had “basically retired at work”, his son said in an interview.

“When people left him alone, he was usually the most successful part of the organization,” David Hock added. “But when they or they wanted to fix it, they usually screwed it up.

Boosted by his work at Visa, Mr Hock pushed the company to offer debit cards, which gave cardholders access to checking accounts, as well as a premium card and money market fund .

“Mr. Hock is a magnificent, perhaps even brilliant strategist,” electronic funds transfer consultant Helene Duffy told The Times in 1981. payment, and has not deviated from this fundamental objective.

In addition to his son David, Mr. Hock is survived by one daughter, Lynette Elze; seven grandchildren; and seven great-grandchildren. His wife, Ferol (Cragun) Hock, died in 2018. Another son, Steven, died in 2012.

At Visa, Mr. Hock encouraged innovation and experimentation – among his employees and among the banks that authorized the credit card. Rather than running the business through a traditional hierarchical management system, he sought input from the bottom up.

It was a fitting way to run a business whose member banks compete for customers but must at the same time cooperate for Visa to operate efficiently. But, he conceded to Fast Company magazine in 1996, Visa implemented only about 25% of what it called its “chaordic” management concept – a balance between chaos and order.

This concept, as he explained, applies to organizations and businesses where power is widely distributed. He wrote two books about it, “Birth of the Chaordic Age” (1999) and “One From Many: VISA and the Rise of Chaordic Organization” (1999).

Mr Hock resigned from Visa in 1984 to become a rancher, but eight years later began consulting organizations about his chaordic ideas.

In “One From Many”, he recalls talking to bands and asking them what they thought was a manager’s most important responsibility.

All of the answers, he wrote, were “pointed downwards – related to the exercise of authority, the selection of employees, their motivation, their training, their evaluation, their organization, under their direction and control.

He added: “This perception is completely wrong. In chaordic organizations it must be placed on its head, as it should be in all organizations.

How to Reduce Credit Card Debt Now, Before Interest Rates Go Up


With increasing credit card balances in the United States, you may want to rethink your credit card strategy ahead of a possible recession.

This is because credit card debt is up 13% from last yearand that debt will only get more expensive as interest rates rise are waiting Later this year. Here’s a look at what you can do, as recommended to CNBC Make It by certified financial planners:

1. Pay off your credit card debt now

“This should be a top priority wherever we are in an economic cycle, but very important during times of high inflation and potential economic downturns,” says Kendall Clayborne, Certified Financial Planner at SoFi.

Indeed, outstanding balances tend to increase with increases in interest rates. Over the past few months, credit card interest rates have fallen from just over 16% to 17.42%, but could be closer to 19% by the end of the year, according to Ted Rossman, senior industry analyst at Bankrate.com.

2. Call your credit card company and ask for a lower rate

One of the easiest ways to reduce credit card fees is to simply call your credit card provider and ask for a lower interest rate. They might say no, but if you’ve been a loyal customer with an improving credit score, they might say yes.

To help you, quote credit card offers from competing companies if they come with lower interest rates than what you’re paying on your existing card. You can also ask them to waive your annual fee.

3. Consider a credit card balance transfer

A balance transfer is the transfer of debt from one credit card account to another for a lower interest rate.

Credit card companies typically offer 0% interest for an introductory period of up to 21 months. This means lower payments, at least for a while. But you will still need to make regular payments after the 0% introductory period expires.

Lately there are fewer 0% for 21 months offers, but they can still be found. Just note that you generally need a good or excellent credit score to qualify and you may have to pay a balance transfer fee of approximately 3% – 5% of the total debt transferred.

4. Get a cashback card if you travel little

Travel card rewards usually have good redemption rates, but it might not be worth it if you don’t plan to travel much next year. Plus, they usually come with an annual fee.

If you focus on making ends meet, a the cash-back rewards card might be a better option. These cards don’t have many perks, but they typically offer 2-5% cash back on spending on essential shopping categories like groceries or gas. These cards are a great way to offset some of the costs of inflation.

5. Do a subscription audit of your credit card spending

Acquisition of GO: will repurchase its public shares and will not complete an initial business combination – Form 8-K

GO Acquisition Corp. will repurchase its public shares and will not complete a first business combination

NEW YORK, NY, August 5, 2022 — GO Acquisition Corp. (the “Company”) (NYSE: GOAC, GOAC.U, GOAC.WS), a special purpose acquisition company, today announced that it will repurchase all of its outstanding Class A common stock ( the “Public Shares”), effective after the close of business on August 17, 2022 (the “Redemption Date”), as the Company will not complete an initial business combination within the time period required by its amended certificate of incorporation and updated (the “Certificate of Incorporation”).

As set forth in the Company’s registration statement on Form S-1, effective as of August 4, 2020, and in the certificate of incorporation, if the Company has not completed an initial business combination within 24 months following the closing of the Company’s IPO, or on August 7, 2022, the Company: (i) will cease all operations, except for the purpose of liquidation; (ii) as promptly as reasonably practicable but not more than ten business days thereafter (subject to funds lawfully available therefor), redeem the public shares, at a price per share, payable in cash, equal to the total amount then on deposit in the trust account, including interest earned on funds held in the trust account and not previously released to the Company to pay its taxes, if any (less up to $100,000 of interest to pay expenses dissolution), divided by the number of public shares then outstanding, the redemption of which will completely extinguish the rights of public shareholders (including the right to receive further liquidation distributions, if any), subject to the applicable law ; and (iii) as promptly as reasonably practicable after such redemption, subject to the approval of the remaining shareholders of the Company and its Board of Directors, liquidate and dissolve, subject in each case to its obligations under the Delaware law to provide for the claims of creditors and the requirements of other applicable laws.

The redemption price per share for the Public Shares is expected to be approximately (but not less than) $10.01 (the “Redemption Amount”). Pursuant to the terms of the related trust agreement, the Company expects to retain interest earned on funds deposited in the trust account to pay the Company’s tax obligations and $100,000 of dissolution costs.

At the close of business on the Redemption Date, assuming that an amount sufficient to redeem the Public Shares has been irrevocably deposited or set aside to pay the Redemption Amount for each Public Share, such Public Shares will be deemed no longer to be outstanding and will represent only the right to receive the Redemption Amount for each such public share.

The Redemption Amount will be payable to holders of public shares upon presentation of their respective share or unit certificates or other delivery of their shares or units to the Company’s transfer agent, Continental Stock Transfer & Trust Company. However, beneficial owners of public shares held in “street name” will not need to take any action to receive the redemption amount.

There will be no redemption rights or liquidation distributions with respect to the Company’s Warrants, which will expire worthless.

The Company expects the last day for trading of its units and common stock on the NYSE to be August 16, 2022, after which the Company expects the NYSE to file a Form 25 with the United States Securities and Exchange Commission (the “Commission”) to delist its units and common stock on or about August 16, 2022. The Company then plans to file a Form 15 with the Commission to terminate the registration of its securities under the Securities Exchange Act of 1934, as amended.

About GO Acquisition Corp.

GO Acquisition Corp. is a blank check corporation incorporated for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities . The Company has focused its efforts on identifying a potential target business in travel-related and travel-adjacent businesses, with all or a substantial portion of its business in North America or Europe, although it has been authorized to pursue objectives in any sector.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used in this press release, the words “could”, “should”, “will”, “could”, “believe”, “anticipate”, “intend”, “estimate”, ” expect, “project”, the negative of these terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on current information and expectations, forecasts and assumptions, and involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing the views of the Company as of any subsequent date, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date on which they were made, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. You should not place undue reliance on these forward-looking statements. Due to a number of known and unknown risks and uncertainties, actual results or performance may differ materially from those expressed or implied by such forward-looking statements.

Media Contact:

Jonathan Greenspun

[email protected]


The CFPB is attentive to the limitation of late fees on credit cards | Credit Union Journal


Banks and credit unions are opposing an effort by the Consumer Financial Protection Bureau to halt a roughly 9% hike next year in inflation-indexed credit card late fees.

The question has been moot for years because inflation is so low. But with the consumer price index up 9% over the past year, the CFPB is questioning whether credit card late fees should be linked to inflation, a provision established by the Reserve. Federal in 2010.

Under the “safe harbor” provision, institutions can increase late fees due to inflation without any cost-benefit analysis as long as the fees charged are “reasonable and proportionate”. To qualify for Safe Harbor, credit card issuers can charge $30 for the first late payment and $41 for subsequent late payments within six billing cycles.

The Consumer Financial Protection Bureau is going after banks and credit unions over its proposal to limit increases in credit card late fees that would otherwise rise due to rising inflation.

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Under a complicated formulacredit card late fees are expected to increase next year to around $33 for the first late payment and $45 for subsequent late payments.

Consumer advocates and critics of the Fed’s safe harbor suggest that the CFPB step in and halt inflation adjustments. CFPB director Rohit Chopra wants to reduce credit card late fees in general and has already called financial institutions to charge consumers about $12 billion a year in late fees.

The CFPB received 42 comments to a prior notice proposed regulations in June which seeks to determine how credit card issuers set late fees. A critical part of the CFPB’s review is to determine whether late fees generate more revenue than is necessary to cover their cost, a requirement set by the Fed.

But Chopra also worried about whether the Fed originally set late fees too high more than a decade ago, and whether giving financial firms a safe harbor, with immunity from lawsuits. enforcement to set fees at the safe harbor level, incentivizes issuers to increase. late fees each year.

David Silberman, a former acting deputy director of the CFPB who is now a lecturer at Harvard Law School, said the bureau should issue an interim final rule to prevent late fees from rising in 2023. Silberman, who is also adjunct professor at the McCourt School at Georgetown University. of Public Policy, said inflation-indexed increases do not meet the Fed’s own standards.

“There is good reason to doubt that a safe harbor that increases with the current rise in the cost of living meets the reasonable and proportionate requirement,” Silberman wrote in a comment letter. “Although Safe Harbor levels were set correctly in 2010 to cover costs and deter breaches, there is no reason to assume that current levels are reasonable and commensurate with breaches (i.e. payment late or missed) that trigger the charge.”

Bankers, trade groups and others have taken the opposite route, raising a litany of defenses to block the CFPB from making changes to late fees.

“These late fees are calculated as a business judgment to establish a deterrent effect to mitigate credit granting risk,” said Ann Petros, vice president of regulatory affairs at the National Association of Federally-Insured Credit Unions. , or NAFCU. The Bureau should not question this business judgment or further limit fees across the board by reducing the Safe Harbor fee amounts. »

Of the 20 largest card issuers, 18 charge late fees at or near the maximum allowed. Many smaller banks and credit unions charge late fees of $25 or less, though Petros said credit card payment processors set most fee limits and then pass their costs on to credit unions. .

Bankers see late fees as a deterrent to consumers going into debt. (Late fees and interest are charged to cardholders who do not make the minimum payment by their credit card’s due date.)

“This is an example of regulation working as intended,” said Mickey Marshall, director of regulatory legal affairs at Independent Community Bankers of America. “The supply of US dollars has exploded dramatically, customer deposit account balances remain high, and the purchasing power of the dollar has declined. If late fees are not allowed to rise with inflation, the actual cost of late fees will decrease, causing them to lose their necessary deterrent effect.”

Some commentators said the CFPB should look elsewhere for culprits charging excessive fees such as fintechs and Buy Now Pay Later companies.

Others said that reducing late fees or eliminating the safe harbor would wreak havoc on the industry, forcing financial institutions to raise fees elsewhere or increase the cost of credit as a whole. that would impact small banks and credit unions.

“Any reduction in the safe harbor amount or the elimination of the safe harbor would impact the thousands of credit card issuers operating in this market, including smaller issuers,” wrote Paige Pidano Paridon, Senior Vice President and Senior Associate General Counsel at The Banking Policy Institute.

The CFPB has the authority to regulate late fees under the Truth in Lending Act and Regulation Z, the Cards Act Regulation.

Chi Chi Wu, an attorney at the National Consumer Law Center, said credit card late fees should be commensurate with the debt owed. She suggested that the CFPB create a sliding scale under the safe harbor so that late fees are proportional to account balance.

“Late fees should not exceed 1% of the balance and no more than 25% of the missed payment,” Wu wrote in a comment letter. “A fee collector card with a maximum credit limit of $300 cannot charge more than $3, and a subprime card with a balance of $1,000 cannot charge more than $10.”

The technology has also reduced the cost of collections, making it easier and cheaper for credit card issuers to use automated methods to collect overdue payments and overdue debts, Wu said.

Another issue concerns minimum credit card payments. Currently, late fees cannot exceed the minimum amount required. But if late fees increase, issuers will also have to raise the minimum payment floor, Silberman said.

Some commentators said the CFPB needed to spend more time studying the issue. Others suggested that vulnerable communities would be hit hardest if late fees were unable to rise with inflation.

“Any effort to reduce allowable fee amounts would result in a credit crunch, with tighter lending criteria making it difficult for consumers with lower credit scores to access credit,” Petros said.

The 10 Best Cities to Build Your Credit Score – and the 10 Worst


Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

Having a good credit score is the key to unlocking the lowest interest rates available on loans, the best credit cards with rewards, and even the next apartment you covet.

Many factors play a role in achieving a strong credit score, and while where you live won’t magically boost it, some cities stand out by providing their residents with better opportunities for credit. improve their finances, which, in turn, can help improve their credit. For example, a big part of building good credit is being able to pay off debt, which is easier to do in cities with lower unemployment rates and higher minimum wages than in others. cities.

A recent study by researchers from Enhanced Points™ looked at 60 of the largest cities in the United States, analyzed eight different factors – average credit scores, credit card debt, interest rates, cost of living, unemployment rate, minimum wage, personal income and number of financial advisors available – and used this information to reveal the best US cities to build your credit score.

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The 10 Best Cities to Build Your Credit Score

The study determined that the following 10 US cities were the best for building your credit score:

  1. Boston, MA
  2. San Jose, California
  3. Rochester, NY
  4. Albany, NY
  5. San Francisco, California
  6. Minneapolis, Minnesota
  7. Salt Lake City, UT
  8. Syracuse, NY
  9. Madison, Wis.
  10. San Diego, California

Boston, San Jose, and Rochester took first, second, and third place respectively as the best cities to boost your credit score. The minimum wage is higher in each of these cities, with Boston having an average minimum wage of $14.25 per hour, one of the highest in the United States. The relatively low unemployment rate of 3.7% also helped Boston earn the top spot, as did having interest rates of 3.81%, the lowest of any city analyzed.

In addition to a higher minimum wage, other commonalities of the top three cities include lower unemployment rates, lower cost of living, higher average credit scores, and an abundance of financial advisors.

Of the top 10 cities, Salt Lake City has the lowest cost of living index, while the three New York cities that made the list – Rochester, Albany, and Syracuse – reveal an average cost of living index. life which is 30% cheaper to live than the national average.

When it comes to the number of financial advisors available, Boston has 121 per capita, while some of the places on the list of worst cities for building credit, which we’ll get to next, have far fewer resources for their residents – Austin , for example, only has 70 available counselors per capita, while New Orleans and Oklahoma City each have 30 available counselors per capita.

If you’re looking for tools to build your credit score, consider getting one of the best card for building credit. Select ranked on Discover it® Secure credit card as one of the best credit cards to help boost your score.

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Instantly Boost Your Credit Score Today No Matter Where You Live

Experian Boost™ is a free feature that allows you to add your one-time payments to select phone, internet, cable, utilities (gas, electric, water) and streaming services such as Netflix®, HBO™, Hulu™ and Disney+™ to your Experian credit file. According to the website, users on average received a 13-point boost in their FICO® score.*

To obtain the ranking, each factor was assigned a certain numerical amount based on its relative importance in improving one’s credit score, which was then converted to a number between 0 and 5, calculated (click here to learn more about their methodology) and ranked accordingly to determine which cities are most conducive to improving its finances and, ultimately, its credit rating.

The worst cities to build your credit score

The study determined that the following 10 US cities were the worst places to build your credit score:

  1. Houston, TX
  2. El Paso, TX
  3. Dallas, TX
  4. New Orleans, LA
  5. San Antonio, TX
  6. Memphis, TN
  7. Austin, TX
  8. Atlanta, Georgia
  9. Oklahoma City, OK
  10. Nashville, TN

An obvious observation here is the prevalence of Texas cities appearing on the list – in fact, they make up half of the list.

Despite a low cost of living, Texas residents have a lot going for them — an average credit score of 674 (one of the lowest in the nation), the highest average credit card debt in the nation ( to $5,308) and a minimum wage of just $7.25. per hour, one of the lowest in the United States In Houston in particular, which ranks first as the worst city to build your credit score, the unemployment rate is currently 5.3%, down from 3.7 % in Boston.

In the worst 10 cities, the average credit score sits at 675, significantly lower than the average credit score in the top 10 cities, which is 713. In contrast, as the top best city overall, Boston has a high average. credit score of 720.

At the end of the line

While where you live will not directly send your credit score skyrockets, every major US city offers certain external variables such as minimum wage, unemployment rate, and cost of living, among others. These factors can end up playing a role in helping you build your finances, which, in turn, can help you build and manage your credit score.

The study really emphasizes this idea, showing that it’s easier to improve your credit score when the city you live in offers greater financial opportunities to its residents.

Check out Select’s in-depth coverage at personal finance, technology and tools, The well-being and more, and follow us on Facebook, instagram and Twitter to stay up to date.

*Results may vary. Some may not see an improvement in scores or approval ratings. Not all lenders use Experian credit reports, and not all lenders use scores impacted by Experian Boost.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

5 steps to get a car loan


If you’re looking for a new car, the financing process can be daunting. But if you arm yourself with knowledge and understand the different steps involved, you can make the process much less daunting.

1. Determine your car loan budget

The question of how much car you can afford is not simple, especially since buying a car can be a major investment. The best answer to this question, however, is based on your budget and your ability to repay the loan. Consider these three main steps.

  • Determine your current and future financial situation. Look at your current income and the likelihood of you continuing your current job. If you have a big change coming, consider it.
  • Consider the total cost of ownership. Maintenance costs, fuel costs and insurance costs that you will incur must be taken into account.
  • Assess other costs. In order to make a financially smart decision, you’ll want to keep a budget and understand what your costs are outside of the car, such as other debt repayments.

2. Check your credit report

The first step to getting approved for a car loan is to review your credit report for errors. Errors such as duplicate accounts, missing payment history, or misspelled names can all lower your credit score and result in a denial.

Check your credit score

A credit score can usually be obtained free of charge from your bank. This is usually your FICO credit score and is updated on a monthly basis.

However, not all credit scores are on the FICO scale. You will need to pay attention to the type of score assigned to you.

Review your credit report

Your credit report is more detailed than your credit score. It contains all the accounts you’ve had for the past seven years, including payment history, how much you owe, and whether you’ve been sued or declared bankrupt.

Credit reports come from the three major credit bureaus: Equifax, Experian and TransUnion. Although you can usually only pull these reports once a year for free, you can currently pull them for free weekly using AnnualCreditReport.com.

Check for errors

Mistakes, like accounts that are listed as paid when they aren’t, or late payments that were reported incorrectly, can all impact your credit score. Check your report to make sure everything is correct.

Make sure any changes are requested 30 days or more before applying. It may take up to 30 days to respond to your request.

Do not open new accounts

Opening a new credit account will temporarily lower your credit score. It’s best to delay opening additional accounts until you have your auto loan, if possible.

Limit the use of your credit card

A high credit card balance can significantly affect your credit score. If you can help it, avoid increasing revolving credit balances and stick to cash payments.

3. Apply for a car loan pre-approval

You can get the pre-approval process before heading to the dealership. In fact, chances are you’ll be offered a lower rate than the pre-approved rate when you walk into the dealership’s finance office. This is because dealerships add a commission to all the rates offered by the lenders they work with.

Pre-approval is also a great way to know exactly how much you can borrow. You can also bargain as if you were buying with cash once you get to the dealership.
It is recommended that you seek pre-approval from at least three lenders to ensure you get the best deal.

4. Buy your car

The next step is to shop. Research different vehicles that suit your needs and go to car dealerships to test drive them. Talk to sellers and compare your options to understand what’s out there, just keep your total buying power close to your chest as this is key in negotiations.

However, it is important to do your research before stepping onto the dealership’s lot. With sites like Edmunds and Kelley Blue Book, you can compare different vehicles and their cost based on make, model, finish, and even your location.

If you’re looking to trade in your current car – especially if you want to buy used – check out online services like Carvana and Vroom. You may get a better deal than you would from a dealership.

5. Finalize the car loan

Once you’ve found the right car loan, confirm the terms of the loan. The lender may ask you to send all the required documents, including proof of insurance, before you agree to the terms and sign the documents.

  • Sign the auto loan documents. Once you agree on the terms, sign the documents. If you have a co-applicant or co-signer, that person must also sign the auto loan documents. If you have an auto loan from the dealership, they will provide the auto loan agreement with the lender’s contact information.
  • Obtain the title and registration of the vehicle. You must send the title of your vehicle to the lender and update the vehicle registration in your name. The dealer will usually take care of this if you buy one. Otherwise, work with the seller and DMV to update the necessary documents. You will also need proof of insurance.
  • Take possession of the vehicle. After obtaining the car loan and closing the sale, you can take possession of the vehicle.

The bottom line

When you’re looking for a new car, the financing process can be daunting, so arm yourself with knowledge. And if you’re not sure how much you can afford, check your credit score before heading to the dealership.

Learn more

Beauty and the Geek star Jordan Finlayson convicted of credit card theft


A troubled former reality star and ex-NRL cheerleader with a ‘serious’ drug problem has admitted to stealing three credit cards from attendees at a party where she was a waitress.

Jordan Ray Finlayson, 31, faced Sydney Downing Center Local Court on Wednesday via audiovisual link, where she was dressed in her prison greens with her long blonde hair pulled back into a half ponytail.

The former Beauty and the Geek contestant has been charged with possessing identity information with intent to commit fraud after she was caught with the NSW driving licenses and debit cards of three men between January 29 and February 2 at Botany.

According to police, Finlayson had pictures of the cards on her phone, which she allegedly gave to someone else to defraud the three victims.

The Rosebery resident was working as a waitress at a private bachelor party when she took photos of men’s credit cards and licenses.

“Buck’s party was a pool party and the guests put their bags in the front room, leaving their wallets and possessions behind,” the court documents state.

Finlayson is currently battling drug addiction.
Instagram/Jordan Finlayson

She took the photos while using the front room to dress, according to court documents.

In the weeks following the male party, each of the three men noticed that their bank cards had been compromised and multiple transactions had been made without their knowledge.

One of the men received a notice from Centrelink that he had received $750 from NSW Pandemic Leave Disaster Payments, and a payment to the corporate bookmaking service Neds.com.au for 4 $900.

He also attempted to file a tax return in April this year and was told one had already been submitted and an ABN had been requested on his behalf.

The second victim had his bank details updated in Centrelink and noticed several fraudulent transactions, including coffee bought from Haymarket and Uber rides he did not take.

“He subsequently received notification from Centrelink that a $750 Covid Disaster Payment had been made and processed on his behalf,” the court documents state.

The third victim had five of his credit and debit cards used without his knowledge.

Finlayson was arrested on February 17, when police found images of the men’s licenses and ten of their bank cards on her phone.

She has remained in detention ever since.

Jordan Finlayson
Finlayson was sentenced to a 12-month community correction order, to be served in the community.
Instagram/Jordan Finlayson

The prosecution does not allege that Finlayson had anything to do with the fraudulent transactions, nor that she derived any benefit from possessing their licenses and bank card details.

The 31-year-old initially pleaded not guilty to the charge in March but quietly changed her plea in July when she was due to undergo a hearing.

Defense attorney Daniel Grippi told the court that Finlayson was on parole when she raped her with that offense in February.

He urged the magistrate not to sentence her to further custody, so that she could be taken to a residential rehabilitation center to work on her “serious” drug problems.

Jordan Finlayson
The offenses follow the reality TV star’s release from prison for drug-related offences.
Instagram/Jordan Finlayson

Magistrate Alison Viney admitted the guilty plea and granted a slight remission on the sentence.

“It’s not a trivial offence; it is punishable by up to seven years in prison,” Ms Viney told the former reality TV star.

“People steal identity information for all kinds of nefarious purposes…not saying that was your intention, but someone got their hands on that information you acquired and used it.

“It’s so disruptive to someone’s life.”

Ms Viney sentenced the 31-year-old to a community correction order to be served in the community for 12 months.

However, Finlayson will have to undergo a new parole hearing for the violation as a release offer.

“At that time, I hope you will have the opportunity to attend residential drug treatment,” the magistrate said.

“I sincerely hope that once admitted to a rehabilitation program, your path forward will be much more successful.”

Finlayson nodded and thanked the magistrate.

Her recent struggles with the law emerged just months after the former reality TV star pledged to turn her life around when she was released from prison for drug offenses stemming from her drug addiction. $5000 per day.

Finlayson will face a parole hearing in the coming months.

Citi Rewards+ Credit Card Review 2022: Round Up Your Rewards


GOBanking Rates Score

Quick take: The city® The Rewards+ credit card is a rewards card with no annual fee, primarily intended for use at grocery stores and gas stations. The card offers different ways to redeem points and is a great way to turn everyday purchases into usable rewards.

  • Costs
  • Redeem rewards
  • Interest rate
  • Sign-up bonus

How did we calculate this?


  • Two points for every dollar spent on gas and supermarkets
  • Rounds to the nearest 10 points for each purchase
  • Receive 10% points for the first 100,000 points
  • Generous bonus offer

The inconvenients

  • Foreign Transaction Commission
  • APR can be high

About the Citi Rewards+ Credit Card

The Citi Rewards+® credit card is one of many credit card offerings from Citi®, an advertising partner, that focuses on rewards through the purchases you make every day.

You can earn 2 Citi ThankYou® points for every dollar spent at gas stations and supermarkets nationwide, up to $6,000 in purchases, after which you earn 1 point per dollar. It also offers one point for every dollar spent on all other purchases. For a limited time, earn 5 points per $1 spent at restaurants, up to $6,000, within the first 12 months of account opening, then 1 point per $1 spent thereafter. Plus, all purchases are rounded up to the nearest 10 rewards points.

There is also no annual fee, which is the highlight of this rewards card. However, there is an initial balance transfer fee of 3% of the amount for each transfer during the first four months of account opening. After that, the fee increases to 5% on each balance transfer. The minimum charge is $5.

There are many ways to redeem your rewards, which makes this Citi credit card a good choice for many people. For example, if you travel frequently, you can redeem points for travel. If you already have other Citi credit cards with ThankYou® points, you can use this one to strategically earn more points.

Best Features

For this Citi Rewards+ review, the following four features were rated on a scale of five. Here’s everything you need to know:


As mentioned, the Citi Rewards+ card has no annual fee. However, you may have to pay other fees, including balance transfer fees and international transaction fees.

There is an introductory fee for four months on balance transfers of 3% or $5, whichever is greater. After the introductory period, the fee will increase to the greater of 5% or $5.

The international transaction fee is 3%, which applies to all foreign transactions, including purchases on foreign websites. That’s a bit higher than what you’ll find on other competing rewards cards. If you plan to use the card while traveling or buying things from websites outside the United States, you will have to pay this fee each time.

Redeem rewards

Although there are many ways to redeem rewards on your earned points, there is no simple system. The rewards vary according to the number of points. Here are some of the ways you can redeem Citi ThankYou® points:

  • Cash back: Cash back is paid via credit statement, direct deposit or mailed check. The minimum redemption amount for a check is $5.
  • Gift card: You can get gift cards at various ThankYou® Points Center stores and restaurants.
  • Purchases: Redeem your points at select merchants including Amazon.com, BestBuy.com, Live Nation, PayPal, and 1800Flowers.com.
  • Travel reservations: These points can be redeemed through the ThankYou® Travel Center. Charges may apply.
  • Check payable to charity: If you’re in the mood to give, you can also redeem points for a check made payable to $25, $50, or $100 to a charity listed on thankyou.com.
  • Pay with points: This option allows you to pay for recent purchases in eligible categories, such as utilities, entertainment, and clothing, with points.

The rewards are pretty decent, and anyone good at using points and rewards strategically can benefit.

Interest rate

One of the best things the Citi Rewards+ credit card offers is an introductory APR of 0% for 15 months, after which the APR will be , depending on the credit score. Some may consider this high, especially if you don’t have great credit, which means you’ll most likely pay something towards the upper limit.

For balance transfers, the 15-month introductory APR starts from the first transfer. For purchases, the 15 months begin when the account is opened. For balance transfers, the first transaction must be completed within four months.

Despite the potentially high regular APR, the initial 0% APR can be useful for balance transfers from other credit cards as long as you pay them off within the first 15 months.

Sign-up bonus

The sign-up bonus offer at Citi Rewards+ is pretty good, but it has a catch. You need to spend $1,500 in the first three months to get the 20,000 bonus points.

These are redeemable as $200 gift cards, while other card offers will give you real cash back.

Who is it best for?

The Citi Rewards+ card can be great for anyone, because points come from frequent purchases, like putting gas in your car or buying vegetables at the market. The absence of annual dues is also beneficial.

That said, it’s best for someone who has a little experience with credit cards and rewards. While the rewards are great, they have a learning curve if you want to get the most out of them. This is because points work differently for each reward.

Good to know

Like most Citi credit cards, you’ll need a good credit score, probably at least 670, to easily qualify. Even then, your eventual APR after the first 15 months will be based on creditworthiness. If you don’t have a good credit rating right now, you might want to get a credit card that can help you without a very high interest rate.

The Citi Rewards+ Credit Card vs. the Competition

Although several rewards cards offer similar functionality to the Citi Rewards+ credit card, none offer the point rounding feature. This is one of the biggest advantages of this card and gives it an edge over others.

Amex EveryDay Credit Card

Citi Rewards+’s most direct competitor is the Amex EveryDay® credit card, which has similar features, including a 0% APR on purchases for the first 15 months, followed by an APR of – and the possibility of earning points on purchases in American supermarkets.

The card does not extend the introductory rate to balance transfers, primarily because the card does not offer them. However, it offers 20% more bonus points every month, if the holder makes at least 20 transactions per month. Terms apply.

Chase unlimited freedom

Another competitor is Chase Freedom Unlimited, which has a tiered rewards system like Citi Rewards+. It offers 5% cash back on travel, 3% on restaurant and drugstore purchases, and 1.5% cash back on everything else.

And like Citi Rewards+, it offers 0% APR on purchases and balance transfers for the first 15 months. However, Chase Freedom Unlimited’s APR range after launch rate is slightly higher, at .

Final take

The Citi Rewards+ card can be profitable in the right hands, as there are many opportunities to earn and redeem rewards.

Even though the rewards are enticing, understanding them and taking advantage of them can take time and strategy. There are no annual fees, which is a huge plus. And the 0% introductory APR on balance transfers lets you transfer debt from another card without paying high interest as long as you pay it off on time.

Once the introductory APR for purchases is completed, the APR will be it is therefore important to pay your bill in full each month to avoid having to pay interest charges.


Here are answers to some of the most frequently asked questions about the Citi Rewards+ credit card.

  • How does the Citi Rewards+ card work?
    • The Citi Rewards+ card automatically rounds up to the nearest 10 points with every purchase. You earn double points in supermarkets and gas stations, up to $6,000 per year.
  • What credit score is needed for a Citi Rewards+ card?
    • The generally accepted minimum score to qualify for the card is 670.
  • Can I use my ThankYou points to pay my bill?
    • Yes. ThankYou members can redeem points for payment for online bill payment.
  • How do I redeem my ThankYou points?
    • Go to www.thankyou.com to see the rewards and add what you want to your cart. You can also redeem travel rewards online.

Cynthia Measom contributed reporting for this article.

Rates are subject to change; unless otherwise specified, prices are updated periodically. All other account information is accurate as of July 29, 2022.

Editorial Note: This content is not provided by Citi, Chase or American Express, a partner of GOBankingRates. Any opinions, analyses, criticisms, ratings, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by Citi, Chase, or American Express.

About the Author

Scott Jeffries is a seasoned technology professional based in Florida. He writes on the topics of business, technology, digital marketing, and personal finance.

After earning his bachelor’s degree in management information systems with a minor in business, Scott spent 15 years working in technology. He has helped startups to Fortune 100 companies bring software products to life. When he’s not writing or building software, Scott can be found reading or spending time outdoors with his children.

Emerging Alternative Data Technology Will Drive Credit Decision in Consumer Credit Market Report


A study observed that almost 65% of Indian loan companies surveyed said that a bad credit decision can lead to financial losses, while 44% said such decisions can put customers in difficult situations.

The study was conducted by Forrester Consulting on behalf of Experian. He stressed the need to focus on leveraging alternative data and emerging technologies for lenders. The study surveyed 164 senior risk decision makers from bank, fintech and non-bank credit organizations in India, Indonesia and Australia.

“As India’s economy recovers from the pandemic, businesses continue to be impacted and consumers continue to face the consequences of pay cuts and job losses. As consumers demand credit cards and loans to manage costs, lending institutions have the added responsibility of making accurate credit decisions,” the study said.

The Forrester study also highlighted several key trends in the Indian market for lenders:

Innovation and the use of data – the key to better loans

According to the study, approximately 82% of respondents believed their organization needed to improve the use of data and information in business decision-making. Additionally, about 71% wanted their organization to improve its ability to innovate. These figures highlight the fact that most respondents believed there was room for improvement in the use of data and analytics for credit decision-making.

According to a World Bank report, India has the second largest unbanked population in the world after China. Neeraj Dhawan, Country Manager, Experian India, said, “As banks, NBFCs and fintech companies attempt to drive financial inclusion, the use of alternative data can help lenders more effectively assess the creditworthiness of new customers. This can translate into better access to fast credit and help transform lives. »

Adopt new technologies and improve data analysis capabilities

The study found that approximately 82% of respondents believed their organization should leverage more data from traditional sources and 80% believed they should seek out other sources of data for more effective credit risk assessment. . These figures indicate that employees feel that their organization is not making optimal use of available data.

Additionally, around 82% of respondents felt they could improve data and analytics capabilities, and nearly 84% felt there was an urgent need to adopt emerging technologies such as artificial intelligence for business. credit risk assessment and management.

Unfortunately, only 36% of respondents felt that limited data standardization was a major barrier to increasing automation of credit decisions for lenders. Additionally, 66% felt that legacy systems and reliance on manual processes were preventing organizations from moving towards automation.

Mr. Dhawan adds, “Lenders need to have a more streamlined use of data between traditional credit data and alternative data sources while embracing emerging technologies throughout the credit lifecycle. This approach can help businesses to increase customer acquisition and provide a better overall digital experience.”

For effective credit decisions, choosing the right data is crucial

42% of respondents believe their organization uses alternative loan data to make effective credit decisions. While the use of alternative data in credit decision-making is still being gradually adopted, there are positive signs that this is accelerating, with around 67% of respondents believing that investing in real-time data and analytics will the top priority of their organization. over the next 1 to 3 years.

Automation – a long way to go

The study highlighted how automation is used in credit decision making for various lending products:

Credit card:

  • Full automation: 42%
  • Partial automation: 58%
  • Personal loans:
  • Full automation: 40%
  • Partial automation: 58%
  • Full automation in Other Loans:
  • Car loans: 31%
  • MSME loans: 22%
  • Home loans: 16%

Neeraj Dhawan, Country Manager, Experian India, said, “Automation can shorten the sales cycle and improve the quality of service provided to customers, and should be a priority for businesses to remain competitive in today’s credit landscape.

Canada increases funding for HIV testing, including $8 million for self-test kits

Federal Health Minister Jean-Yves Duclos on Monday announced nearly $18 million to expand HIV testing in Canada, with a substantial portion of the funding going to self-administered kits.

Of the $17.9 million, $8 million will go to purchasing HIV self-test kits and distributing them to community organizations, Duclos said at the 24th International AIDS Conference in Montreal.

The remaining $9.9 million will go to the National Microbiology Laboratory in Winnipeg for the expansion of HIV testing in northern, remote or isolated (NRI) communities.

“HIV self-testing kits offer people a safe, reliable and confidential way to test for HIV infection while significantly reducing barriers to care-seeking often created by stigma and discrimination,” a statement read. government press.

Health Canada approved the first HIV self-test in late 2020. It’s a one-minute finger-prick blood test from Richmond, BC, from bioLytical Laboratories Inc.

Duclos said the government was looking to apply lessons learned from the COVID-19 pandemic to HIV/AIDS.

“We know that HIV is preventable, but the rate of HIV infections remains high in Canada and other countries. Providing individuals with access to testing, treatment and care can help reverse this trend.

“Breaking down barriers is the key to ending the AIDS pandemic.”

Ottawa urged to increase spending on HIV-AIDS

In October 2020, the federal government began providing free rapid tests to provinces and territories. For many Canadians, rapid antigen testing was replacing large-scale polymerase chain reaction (PCR) testing, as fewer people qualified for it due to high demand during the Omicron wave.

In June, CBC learned that Ottawa was set to end the distribution of rapid COVID-19 tests to provinces and territories by the end of the year.

The government estimates that there are nearly 63,000 people living with HIV in Canada, and 1 in 10 of them do not know they have the virus.

Prior to the Montreal conference, a coalition of HIV/AIDS organizations called on the government to increase annual federal spending on HIV/AIDS from $73 million to $100 million.

The government last week pledged $15 million to the Joint United Nations Program on HIV/AIDS (UNAIDS).

The five-day AIDS conference 2022 ends on Tuesday.

Sunbit Rivals BNPL Companies with its own Pay Later credit card


Sunbit, the company that develops fintech for everyday spending, has expanded beyond point-of-sale lending with the introduction of its new credit card. The Sunbit card offers flexibility and a personalized APR for each approved consumer.

In addition to standard credit card functionality, cardholders can choose to pay in full or select a three-, six-, or 12-month payment plan at the individual transaction level, with no annual fees, no set-up fees, no late fees, no penalty fees, and no fees to add or remove a transaction from a payment plan at any time. This provides cardholders with an ideal way to manage their spending, all from a single card, managed through the MySunbit app.

“This is a continuation of our commitment to put the customer at the center of everything we do,” said Arad Levertov, CEO of Sunbit. “Customers know what’s best for their particular situation and they deserve to have complete control over how they pay for their day-to-day expenses. They already budget and make these transaction-based adjustments through various payment and funding methods; we make their job easier and more efficient.

With the Sunbit Card, consumers can add or remove individual transactions from a payment plan over time within a billing cycle – with no charges other than interest – providing budget flexibility and financial controls, all through a centralized app.

There are over 65,000 early access cardholders and already 400,000 more consumers are on the invite list. Additionally, the Sunbit Card is available to select retailers as a co-branded card program to enhance brand awareness and customer loyalty.

In 2016, Sunbit launched its first point-of-sale technology designed explicitly for in-person transactions, initially serving retailers, auto parts, and car dealerships. The company has already expanded to nearly 14,000 locations in 46 states, with consumers using the technology to pay for services such as dental care, eyeglasses and auto repair. Over 1.2 million point-of-sale transactions have been completed with Sunbit, which equates to over $1 billion in transactions.

Additionally, Sunbit has expanded its footprint through partnerships with communications management platforms, such as Weave, an all-in-one communication and customer engagement platform for small businesses. These partnerships enable Sunbit to reach millions of additional consumers, delivering pay-over-time technology at scale.

The development of the Sunbit card is a natural extension of the company’s commitment to helping consumers pay for what they need so they can focus on the important things in life.

A customer-focused philosophy runs through the company, which is reflected in the way it treats consumers. Sunbit does not charge customers any fees for any of its products. As such, it was essential to develop a true next-gen card that was truly free of any fees, other than a customer’s personalized APR.

“Sunbit uses cutting-edge technology, leveraging artificial intelligence and machine learning, to multiply the best parts of financial services products that have come before us by 10 times,” said Arad Levertov. “We believe that our customer-centric mindset will position us as the card of choice for consumers. When customers are happy, everyone wins.

  • Francis Bignel

    Francis is a journalist with a bachelor’s degree in classical civilization, he is particularly interested in North and South America.

How to handle phishing, smishing attacks


If you feel like more scammers and spammers are flooding your various inboxes, it’s probably because they are.

Fake text messages and emails carrying phishing attempts by virtual scammers have been on the rise since the start of the Covid-19 pandemic. And, one of the most prevalent methods scammers are using lately is fake messages claiming to be from an Amazon representative, who could claim to be checking suspicious activity on your account or even a delayed package.

Typically, these phishing or “smishing” attacks – aka SMS phishing – aim to trick you into believing that you are communicating with a legitimate representative of the e-commerce giant. If you’re not careful, you could use valuable personal information from your credit card information to log in to your online account credentials, or click on malware-infected links that infect your devices with viruses.

The Federal Trade Commission reports that American consumers collectively lost about $5.8 billion to fraud in 2021, up 70% from the previous year. About a third of that came from scams by imposters.

So what can you do to make sure you’re not fooled by one of these increasingly common spammer scams?

How to spot scams

Do not click on any links or share any personal information unless you are absolutely sure you are talking to a genuine representative of Amazon or any other legitimate business or organization.

The FTC notes that there are several telltale signs often associated with scammers, who can “use a variety of ever-changing stories to try to trick you.” These include:

  • Promise you’ve won a free prize
  • Offer a low-interest form of credit
  • Alert you to suspicious account activity
  • Say there’s a problem with your payment information
  • Send you a fake invoice

Amazon itself offers an online guide to help its customers identify suspicious messages posing as official communications from Amazon. The company says red flags include order confirmations for items you didn’t order and messages with grammatical errors or prompts to install software.

The company says that if you’re unsure about a message asking for updated payment information, you should go to the “Your Orders” page in your online Amazon account. “If you are not prompted to update your payment method on this screen, the message is not from Amazon,” the company says.

Many scammers rely on “spoofing,” a practice that tricks your phone’s caller ID into thinking you’re receiving a text or call from someone you trust. In some cases, they even mimic your own number, making it look like you’re calling or texting each other.

So, to be even more careful, the Federal Communications Commission (FCC) recommends that you “never share your personal or financial information via email, text, or phone.”

How to block and report spammers

If you have any doubts about the legitimacy of a particular text or email, the FTC advises you to contact the “verifiable customer service line” of the company or institution. Visit the company’s website to find a valid contact number or email address, rather than replying to the message you received.

The easiest way to stop receiving suspicious messages is to block phone numbers or email addresses that send you messages. You can also manage your phone’s filters to filter out calls or texts from unknown numbers.

Unfortunately, some scammers use different numbers or addresses for each message they send, leaving you to play a game of virtual Whack-a-Mole, constantly blocking suspicious numbers and emails while scammers scan through new ones. .

At this point, consider reporting spam and phishing attempts to your cellphone carrier or email service, as well as to government agencies, including the FTC’s Online Fraud Complaint Form and Internet Crime Complaint from the Federal Bureau of Investigation.

If the alleged scammer claims to represent a specific company like Amazon or a government entity, you can also try to report the attempt to the actual organization. Amazon suggests visiting the company’s “Report anything suspicious” page in its customer service section, where you can report any text messages, emails, or phone calls you’ve received that you suspect aren’t from Amazon. .

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Scammers are texting you from your own number now – here’s what to do if it happens

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Hot Sunday; The chance of showers/thunderstorms is highest in the afternoon/evening

Saturday was a good day to be on or near a lake.

Our Saturday high temperature in Minneapolis-St. Paul International Airport was 88 degrees. That’s five degrees warmer than our average July 30 high in the Twin Cities. Much of Minnesota and western Wisconsin saw highs in the 80s, and a few places in west-central Minnesota, including Appleton, Wheaton and Fergus Falls, reached 90 degrees.

Hot high temperatures will be with us again on Sunday, with many spots reaching the upper 80s and a few lower 90s in southwestern Minnesota:

Highs expected on Sunday

National Weather Service

I wouldn’t be surprised to see a 90 somewhere in the Twin Cities metro area on Sunday afternoon.

Dewpoints will be in the sticky 60s on Sunday afternoon:


Sunday 1 p.m. dew point forecast

National Weather Service

Back to the forecast highs, the Twin Cities metro area highs are expected to reach the low 80s on Monday, followed by the mid-90s on Tuesday then the low 90s on Wednesday, the high 80s on Thursday and the low 90s on Friday.

It looks like the warm temperatures will persist next weekend into the start of the following week. The NWS Climate Prediction Center shows a strong trend of above normal temperatures in the upper Midwest from August 5-9:


Temperature outlook for August 5 to August 9

NWS Climate Prediction Center

Chances of thunderstorm

A few locations in northern Minnesota and west-central Minnesota may see an isolated downpour or storm overnight Saturday evening.

A few scattered showers and an isolated storm will be possible Sunday morning in roughly the northwestern half of Minnesota. A cool front and disturbances at high altitude should generate a lot of showers and thunderstorms on Sunday afternoon and evening. Thunderstorm chance early Sunday afternoon is expected to be mostly in northern Minnesota and parts of central Minnesota, then scattered thunderstorms are possible throughout Minnesota and western Wisconsin later Sunday afternoon through to Sunday evening.

The National Oceanic and Atmospheric Administration’s North American Mesoscale (NAM) forecast model shows the potential rain pattern from noon Sunday through 11 p.m. Sunday:


NAM simulated radar Sunday noon to Sunday 11 p.m.

NOAA, via Tropicaltidbits.com

NOAA’s High-Resolution Rapid-Refresh (HRRR) model shows slightly different thunderstorm coverage over the same period:


HRRR simulated radar noon Sunday to 11 p.m. Sunday

NOAA, via Tropicaltidbits.com

You can hear updated weather information for Minnesota and western Wisconsin on the Minnesota Public Radio News Network, and you can see updated weather information on the MPR News live weather blog.

Severe Weather Outlook

The NWS Storm Prediction Center shows a slight risk (shaded in yellow) of severe weather Sunday afternoon and evening for significant portions of central and southern Minnesota and parts of west-central Wisconsin:


Outlook for severe weather Sunday and Sunday evening

NWS Storm Prediction Center

A marginal risk of severe weather (dark green) covers most of the rest of Minnesota and much of western Wisconsin.

Low risk means scattered severe thunderstorms are possible, while marginal risk means an isolated severe thunderstorm is possible:


Severe Weather Hazard Categories

NWS Storm Prediction Center

The Storm Prediction Center will update severe weather forecasts later in the evening and on Sunday.

Weather nugget

Through Friday, the July rainfall total at MSP Airport was 2.64 inches below normal. Since June 1, precipitation at MSP Airport has been 6.09 inches below normal.

What is yours, mine and ours | Company


The time for newly married couples to find out each other’s credit score shouldn’t come when they’re applying for a car loan or filling out mortgage paperwork when looking for a home for the first time.

Yet too often these money talks continue to get dismissed or don’t happen at all, which means the reveal isn’t usually good news.

With summer wedding season in full glory, it’s important for couples to remember that they need to be on the same page financially.

Are there golden rules that work best for keeping things separate or joint and similar issues?

No, but all new couples should talk about money regularly and, whether it’s weekly or quarterly, review account balances, cash flow, and big upcoming bills.

Keep in mind that the unexpected invariably happens, but tackling money issues as a couple will keep surprise bills to a minimum.

People also read…

“Whatever tactic you employ, you definitely need to communicate on the broad metrics – how much of each paycheck goes to that separate or ‘fun’ account versus what’s needed for shared essentials,” said said Ted Rossman, credit expert and senior industry analyst. at Bankrate.com and CreditCards.com. “Are you on track with monthly bills as well as future planning, like saving for a future home purchase, retirement, your kids’ college education?”

I asked Rossman to comment on some of the money issues new couples face before and after marriage. Here are his thoughts, edited for brevity:

Should couples merge their finances?

Rossman pointed to a recent Bankrate survey, which found that 57% of Americans who are married, in a civil partnership, or living with a partner have at least separate financial accounts. This includes 34% who have a mix of joint and separate accounts and 23% who keep their finances completely separate.

But separate shouldn’t mean secret. The Bankrate survey also found that 32% of people in relationships engage in deception ranging from secret spending to secret debts, secret credit cards and secret checking or savings accounts.

The bottom line: As long as you communicate and work together, I think it’s your personal preference to combine your money, keep it separate, or mix the two approaches, Rossman said.

Do couples have to open a credit card together?

I think each partner should be the primary (or sole) account holder on at least one credit card account. It’s important to establish a credit history in your name, and it’s beneficial to have an account that belongs to you in case your spouse dies or you get divorced. It might also be a good idea to add the other person as an authorized user on one or more accounts if you like the idea of ​​streamlining things and combining expenses and rewards.

Here’s another thing: you and your spouse could each get your own sign-up bonus if you apply for a card in your own name. This could be a great way to rack up twice the rewards points to fund a honeymoon, for example.

There are also impacts on credit rating. Primary account holder credit rating is proven to benefit more from positive payment habits.

But if one of the spouses goes into a lot of debt, it will lower the credit scores of both spouses.

Should couples have a prenuptial agreement?

It makes more sense when a partner has significant assets, such as a large inheritance, large investments, real estate, business, or even large debt, Rossman said.

Another likely scenario would be if someone has children from a previous relationship.

Questions, comments, column ideas? Email [email protected]

‘Hijrah’ moment: Coming out of the dark side of payday loans – Universities


Sri Rahayu Hijrah Hati (The Jakarta post)


Jakarta ●
Fri, July 29, 2022

Indonesia has become a promised land for the development of the mobile payday loan market (locally known as Pinjol). Based on data from the Financial Services Authority (OJK), as of April, 122 companies provide legal payday loan services online. But data from the Institute for Economic and Financial Development (INDEF) shows that 95% of payday loan services are illegal.

Many people today choose to borrow money on the payday loan because they (1) receive the money instantly, (2) face no restrictions on how to use the loan, (3) have a bad credit score, (4) don’t need any collateral, and so on.

From a marketing perspective, many Chinese companies are entering the Indonesian payday loan market due to the tightening industry regulations set by their government. As the Indonesian market is still in its infancy, foreign companies expect to take a chunk of the domestic market ahead of any potential regulatory changes.

read the full story


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Don’t be the “I don’t want to waste your time” consumer | Company


People looking to buy or refinance a home may have been turned down by another mortgage company because of their financial circumstances. If you’ve been turned down before and you think the odds are against it, don’t give up. The first step to failure is not to try. Simply put, don’t be that client who says, “I don’t want to apply because I don’t want to waste your time.” Here’s what you should consider.

Every mortgage company in America today has certain things they must do to be compliant. A compliance mortgage company must meet a federal threshold called ATR, which stands for Repayment Capacity. This means the mortgage company needs to pull a copy of your credit report, see proof of your income, and assess your ability to repay that loan. A mortgage company can’t make a credit decision or give you a correct quote for rates and fees without seeing all your documents: your tax returns if you’re self-employed, a credit report, and all the assets you have in the bank. If you’re like “well, I’m self-employed, I don’t have my income taxes. I don’t want to waste your time. Lose that thought and here’s why; a quality mortgage lender can explain where you are now and what it will take to help you succeed. Even if that means the process takes a bit longer.

If one mortgage company isn’t willing to do this, find another. Same thing if you think you have bad credit. If you think you have bad credit, the reality is that you probably do. However, that doesn’t mean the mortgage company can’t help you succeed when it comes to buying or refinancing a home. This means letting them pull a copy of your credit report. If your credit score is bad and you think getting a credit check will hurt your score even more, it probably won’t hurt your score any more than what made it bad in the first place. In other words, go to the lender. Let them do what they do well and when interviewing the right company to work with, choose one that has the forward-thinking approach in mind. Someone who will work with you and is willing to give you time and energy. Saying to the lender, “I don’t want to waste your time because I don’t think I qualify” is a big waste of everyone’s time, instead of just providing them with the documents and letting them go through the process. You know you have a good lender when they are more interested in connecting with you as a consumer than helping you immediately and committing to something you might not otherwise want. You want a forward-thinking lender who has a long-term approach in mind and who can work with you for as long as needed if your financial situation runs into trouble.

Scott Sheldon is a local mortgage lender, with a decade of experience helping consumers purchase and refinance primary homes, vacation homes and investment properties. Learn more at www.sonomacountymortgages.com.

▶️ New east side Bend bike park nearing completion

A new bike park is taking shape at Big Sky Park on the east side of Bend. The project will include a pump track, tot area, bike skills development area and a one-mile long trail around the perimeter of the park.

The bike park with riding challenges for all skill levels joins Big Sky’s multi-purpose sports fields that host soccer, football, lacrosse and baseball, an existing playground and picnic shelters. fuck.

A pumping track with hills, banked turns and jumps is the first of several new layouts.

RELATED: Big Sky Bike Park Innovates; riding opportunities for all ages

“We are still under construction and the bike park is not currently open,” said Jason Powell, construction manager for Bend Parks and Recreation. “We are still anticipating a fall opening. With the delivery of additional equipment, many contractors are working on different elements of the bike park as well as the picnic shelter.

The bike park is a small but important part of Big Sky Park’s $2.8 million in improvements, including new access roads, increased parking, and improved irrigation systems.

A $350,000 grant from the Visit Bend Sustainability Fund is accelerating construction of the bike park.

“Thanks to the grant we received, we were able to carry out part of the work on the bike park. Hopes are in the near future to be able to do the slope style course as well. It is not the total vision of the bike park but it is a substantial part of it.

The pump track is among the most visible of Big Sky Park’s many upgrades. Its steep slopes and banked turns still need to be covered in rubberized, porous asphalt to stabilize the earthwork so that it can withstand all the use it will likely receive when it opens to the public in a few months.


Instacart Mastercard debuts with $200 Instacart credit


Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

Grocery delivery has become a modern convenience that is favored by millions of Americans, with much of its popularity growing due to the Covid-19 pandemic. In fact, many are sticking to it even now – according to the Brick Meets Click/Mercatus Grocery Shopping Surveyin the second quarter of 2022, online grocery delivery sales reached $7.7 billion.

Throughout the pandemic, credit card issuers have been creative and pivoted to ensure their products meet consumer needs. Instead of offering more travel-related benefits at a time when people were staying home, for example, some issuers have instead added grocery delivery services to their rewards and spending categories.

Today, the first co-branded credit card for grocery delivery made its debut when Chase teamed up with Instacart to introduce the new Instacart Mastercard®, which rewards cardholders with 5% cash back for their Instacart purchases, as well as any travel purchased directly through the Chase Travel Center. New applicants can also take advantage of a solid welcome bonus and get a year of free shipping.

Here, Select details the perks and benefits of the new card — and how the first 10,000 applicants who apply before August 4 can get $200 in Instacart credit instead of the usual $100 credit.

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Introducing the new Instacart Mastercard

Instacart Mastercard®

  • Awards

    Earn 5% cash back on Instacart and Instacart.com app purchases, and trips purchased through the Chase Travel Center. Earn 2% cash back at restaurants, gas stations and on select streaming services. Earn 1% cash back on all other purchases.

  • welcome bonus

    Limited Time Offer: The first 10,000 to get the card by 8/4/22 will receive $200 Instacart credit plus 1 year free of Instacart+, after which the offer will change to $100 Instacart credit plus 1 free year of Instacart+. Membership renews automatically. Conditions apply.

  • Annual subscription

  • Introduction AVR

  • Regular APR

    16.49% to 25.24% variable

  • Balance Transfer Fee

    $5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fees

  • Credit needed

The Instacart Mastercard is a great credit card to use for all your Instacart purchases, as well as other everyday purchases, especially if you’re going out to eat or gas up your car. The card also has no annual fees or foreign transaction fees, making it a solid option for those on a budget.

By spending with the card, you will earn:

  • 5% cash back for Instacart purchases made at 800+ retail brands at 70,000+ stores, through the Instacart app or Instacart.com
  • 5% cash back for flights, hotels and other travel purchased directly through the Chase Travel Center
  • 2% cash back at restaurants, gas stations and for using certain streaming services
  • 1% cash back for all other purchases

As for the benefits, the card comes with a host of great features. First, there’s a solid welcome offer you can earn once you’re approved for the card – a free year of Instacart+ and a hefty $200 Instacart credit for the first 10,000 people who apply. before August 4. After that date, the host offer will revert to its usual free year of Instacart+ and $100 Instacart credit.

For reference, Instagram+ is the subscription portion of the grocery delivery service that includes benefits such as free delivery on any purchase over $35, reduced service fees, and a 5% discount on pickup orders.

In addition to these benefits, the Instacart Mastercard also comes with World Elite Mastercard benefits, including 24/7 access to World Elite concierge services, extended warranty and purchase protection, baggage delay and travel accident insurance, reimbursement for lost baggage, the ability to use the car, collision damage waiver for car rentals, roadside and other travel assistance and emergency assistance if needed during a trip.

For those who aren’t loyal to Instacart but want to earn more rewards on their grocery purchases, they should consider a grocery rewards card like the Blue Cash Preferred® Card from American Expresswhich offers 6% cash back at US supermarkets, up to $6,000 per year in spend (1% thereafter, conditions apply).

At the end of the line

The Instacart Mastercard worth considering if you are an Instacart loyal and want to enjoy a great cashback rate on your Instacart purchases, in addition to shopping benefits on the platform. As the grocery delivery market continues to grow, we may see more of these types of co-branded credit cards, aimed at those who enjoy using these types of delivery services.

It should be noted – before signing up for this card – that the prices you pay for items purchased through Instacart may not be the same as what you would pay in the actual store, as this service costs a bit of a premium . That said, if you regularly place orders with Instacart, this card could be a great option to help offset some of those extra fees.

Check out Select’s in-depth coverage at personal finance, technology and tools, The well-being and more, and follow us on Facebook, instagram and Twitter to stay up to date.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

DigiPen Institute of Technology Announces Data Breach | Console and Associates, PC


On July 26, 2022, the DigiPen Institute of Technology reported a data breach after an unauthorized party gained access to files on the DigiPen Network containing sensitive consumer information. However, DigiPen has neither posted a breach notice on its website nor publicly disclosed the types of data compromised as a result of the breach. Thus, it remains to be seen what risks the victims of the breach will face. However, after confirming the breach and identifying all affected parties, DigiPen Institute of Technology recently began sending data breach letters to all affected parties.

If you have received a data breach notification, it is essential that you understand what is at risk and what you can do about it. To learn more about how to protect yourself from fraud or identity theft and what your legal options are following the DigiPen Institute of Technology data breach, please see our recent article on the subject. here.

What we know about the DigiPen Institute of Technology data breach

Based on the limited information available, on May 1, 2022, DigiPen detected a data security incident after experiencing difficulty accessing its computer system. In response, DigiPen secured its systems, notified law enforcement, and worked with third-party cybersecurity professionals to investigate the incident.

On June 15, 2022, DigiPen learned that an unauthorized party had accessed certain files and data stored on its servers. After discovering that sensitive consumer data was accessible to an unauthorized party, DigiPen Institute of Technology reviewed all affected files to determine what information was compromised and which consumers were impacted by the incident.

On July 26, 2022, DigiPen Institute of Technology sent data breach letters to everyone whose information was compromised as a result of the recent data security incident.

More information about the DigiPen Institute of Technology

DigiPen Institute of Technology is a private, for-profit university based in Redmond, Washington, with branch campuses in Singapore and Bilbao, Spain. DigiPen offers students the opportunity to earn a bachelor’s or master’s degree in a variety of programs, including computer science, animation, video game development, game design, sound design, and computer engineering. DigiPen currently has approximately 2,500 students, the vast majority of whom are enrolled in the school’s undergraduate programs. DigiPen Institute of Technology employs over 329 people and generates approximately $94 million in annual revenue.

How can victims of a data breach protect themselves against identity theft and other fraud?

The biggest risk following a data breach is that a hacker will use your personal information to steal your identity or sell your information to someone else who intends to do the same. Unfortunately, there’s not much you can do to prevent a data breach because once you provide your information to an organization, you essentially trust them to keep your information secure. However, there are steps you can take after a data breach to limit the risk of a cybercriminal using your information to steal your identity.

Determine what data has been compromised

The first step after a data breach is to review the letter sent by the organization that suffered the breach, identifying what information about you has been compromised. Although the steps below apply to all breaches, you must follow some additional steps if a breach involves very sensitive information such as your social security number. Indeed, you can still close your bank and credit card accounts, preventing a hacker from doing further damage, but you’re stuck with your social security number, even if it falls into the hands of a criminal. .

Stay vigilant in verifying your online accounts

In most cases, hackers try to use the stolen information as quickly as possible. However, it may take a while for criminals to obtain other necessary information before attempting to steal your identity. Thus, it is imperative that you diligently check your online bank and credit card accounts, as well as your credit report.

Sign up for free credit monitoring

Credit monitoring usually costs between $20 and $40 per month. However, following a data breach, companies usually offer victims free credit monitoring for a period of time. Accepting a company on its free credit monitoring offer does not affect your rights to sue for a data breach in the event the company’s negligence was a cause of the violation.

Consider a fraud alert or credit freeze

By contacting one of the three major credit bureaus, you can place a fraud alert or a credit freeze on your credit accounts. A fraud alert informs potential creditors that your information has recently been leaked, warning them that it may not be you requesting a new line of credit. A credit freeze prevents any company from withdrawing your credit without your prior approval. The Identity Theft Resource Center notes that freezing credit on your credit account is the best way to prevent fraud following a data breach.

Those wishing to learn more about their options following a breach should contact an experienced data breach attorney for immediate assistance.

SONA 2022: Why Marcos Jr.’s economic plan will hurt the nation, ordinary people

Without a radical shift from the long-discredited neoliberal paradigm, the Filipino people are doomed to greater misery and exclusion under President Marcos Jr.



MANILA — In his first State of the Nation Address (SONA), President Ferdinand Marcos Jr. left no doubt that his regime would continue on the path of neoliberalism. The general direction of the economy described by Marcos Jr. will lead to further liberalization and privatization at the expense of genuine national development, Philippine industries, and local jobs and livelihoods.

He opened his SONA with this statement on the macroeconomic front that his administration will pursue: “Our country must become an investment destination, capitalizing on business turnaround and business tax incentives or the CREATE Act and economic liberalization laws such as the Civil Service Act and the Foreign Investment Act. “.

Marcos Jr.’s priority is to ensure that the neoliberal policies enacted by his predecessor, President Rodrigo Duterte, are maximized to create the most favorable environment for big business, including foreign capital. To become an investment destination, the administration will provide massive tax breaks to corporations through the CREATE Act and provide foreign companies with more money-making opportunities with amended utility and foreign investment laws.

According to research group IBON Foundation, the CREATE law would provide about 372 billion pesos in additional profits to companies from 2021 to 2023, an amount that also represents lost revenue for the government.

The Civil Service Act or Republic Act (RA) 11659, which Duterte signed into law just six weeks before national elections, paves the way for 100% foreign ownership in telecommunications, railroads, highways, airports and maritime industries.

These policies are linked to the infrastructure development program of the Marcos Jr. regime, which will be pursued through public-private partnerships (PPP) or privatization. As he said in his SONA, he will maintain the momentum of Duterte’s “Build, Build, Build” program with “Build Better More.”

Allowing greater corporate, let alone foreign, control over critical public infrastructure is bad development planning. More than anything else, infrastructure development aims to provide essential services that meet the economic and social needs of the country on the basis of a clearly defined national program. Entrusting the design, construction, management and operation of infrastructure to private and foreign interests primarily motivated by profit fundamentally distorts this orientation of an infrastructure development program.

The Philippines already has a long history of how privatized infrastructure has caused massive burdens on the population and the economy. Exorbitant user fees for using rail, toll roads, and electricity and water services, among others, have made the cost of a decent life increasingly unaffordable for many Filipinos. . Meanwhile, precious public resources are being diverted to guarantee the profit rates of private companies involved in PPP projects.

Moreover, complete foreign control over critical infrastructure such as telecommunications could compromise national sovereignty and security. A glaring example is China which has already established a strong presence in the country’s infrastructure development through Duterte’s Build, Build, Build program. Marcos Jr. announced his regime’s plan not only to continue this relationship with Beijing, but even to kick it into “a higher gear”. The expansion of Chinese participation in the global telecommunications industry, including in the Philippines, raises legitimate concerns about security risks and vulnerabilities such as espionage and the acquisition of vital information.

Marcos Jr.’s efforts in his SONA to make the country an investment destination through liberalization will further stifle the development of local capital and undermine our long-term industrialization. The Amended Foreign Investment Act or RA 11647 allows foreign nationals to own a business with a minimum contributed capital of just $100,000. This opens the floodgates to fierce and undue foreign competition that could bankrupt more Filipino micro, small and medium enterprises (MSMEs). It also exposes the local workforce to foreign competition, as 100% foreign-owned MSMEs are only required to hire a minimum of 15 out of 50 Filipino employees under the old law.

While potentially destroying more jobs with his favorite economic policies, Marcos Jr. also signaled in his SONA that his administration will continue to impose new consumer taxes, another neoliberal agenda. He cited, for example, the Value Added Tax (VAT) on digital service providers which will impose an additional 11.7 billion pesos on consumers in new taxes in 2023 alone.

All of these make Marcos Jr.’s SONA promises of prosperity for the people, including reaching single-digit (9%) poverty by 2028 and upper-middle income status with an income per capita of $4,256 by 2024, ultimately meaningless. Without a radical shift from the long-discredited neoliberal paradigm, the Filipino people are doomed to greater misery and exclusion under President Marcos Jr. Economic output may increase (i.e. SONA aims for a rate annual growth of up to 8% of our gross domestic product or GDP from 2023 to 2028), but income and wealth will remain heavily concentrated in the hands of the local and foreign elite. companies.

The President has made notable commitments to address the plight of landless farmers, such as the one-year moratorium on land amortization and Land Reform Beneficiary (ARB) interest payments via Executive Order, towards the exoneration of these debts by means of a new law. But in keeping with his neoliberal political bias, Marcos Jr. remained silent in his SONA on reversing decades of neoliberal agricultural restructuring that drove millions of farmers into landlessness and bankruptcy. Instead, he spoke of strengthening the value chain, which in the context of the country’s neoliberal agriculture means deepening ties to the global market and reinforcing the land monopoly that undermines local food security and destroys livelihoods. livelihood of farmers.

Marcos Jr. has spent a substantial part of his SONA outlining his regime’s plans for the economy amid the daunting global and domestic challenges facing the country. But what he has delivered, unfortunately, are hollow goals based on outdated and failed policies of liberalization and privatization. Like his predecessors, Marcos Jr. reveres irresponsible foreign capital as the engine of economic and national development instead of a greater role for government in providing public services and protecting national agriculture and local industries, especially MSMEs and small food producers.

The COVID-19 pandemic and its disastrous socio-economic impacts are teaching policy makers to be more introspective in terms of development planning. Marcos Jr. and his team of recycled neoliberal bureaucrats are not learning, or refusing to learn, the lesson.

Repayment holidays to hurt less as credit changes take effect


Australian credit ratings are steadily recovering after being hit by the pandemic, and new regulations on July 1 should help them rebuild further.

Credit reports are consulted by lenders when reviewing loan applicants, and credit scores calculated from them are playing an increasingly important role in securing financing.

Credit ratings are recovering from a pandemic.Credit:

Monthly payment histories on loans and credit cards are included and late payments of more than 14 days on cards, personal loans and mortgages can appear as black marks on credit reports and negatively affect scores.

Major credit reporting agencies calculate credit scores differently. If a report is rated out of 1200, then a score above 850 is generally considered ‘excellent’ while above 660 is rated as ‘good’. If the report is rated out of 1000, above 690 is considered “excellent” and above 540 “good”.

Analysis of millions of credit reports held by the world’s largest credit bureaus, Experian, shows gradual improvement in demographics of all ages.

Australians aged 18 to 24, who have borne the brunt of the extended closures in hospitality and tourism in 2020 and 2021, continue to have the lowest average credit scores, at 734 out of 1,000. is 13% below the highest working age. group, 55-65 years old, which averaged 843.

Retirees, who are no longer dependent on employment income and who mostly own their homes, fare the best with an average score of 866.

The repayment holidays offered for free during the pandemic appear to have hurt the credit scores of many Australians. Besides the fact that loans with suspended repayment continue to earn interest, they have had an almost institution-by-institution impact on borrower scores.

However, Tristan Taylor, managing director of credit services at Experian, said changes to regulations mean that, for the first time, information about financial hardship agreements can now be reported to credit reporting agencies.

This credit card-sized PC board can use an Intel Core i7 processor • The Register


There’s something satisfying about fitting a decent processor into a small form factor, and the latest example is a credit-card-sized single-board computer that uses an 11e-part generation Intel Core.

The single-board PC comes from Aaeon, Asus’ industrial computing-focused subsidiary, and it’s made alongside another board of the same size that uses an AMD Ryzen Embedded V2000 processor. According to CNX softwareAaeon expects the cards to go into mass production by the end of September.

These two little units go under the brand name “de next”, and they’re really close to the size of a credit card, with each board measuring 84 millimeters long and 55 millimeters wide.

Taiwan-based Aaeon even went so far as to say that the Intel-based board is the smallest to date with a Core processor. The company did not provide any superlatives for the AMD based cardalthough we wouldn’t be surprised if it’s one of the smaller options available with such processors.

When people read about a single board computer, they might think of the Raspberry Pi, which brought the form factor to the masses. The world is full of Arm-compatible single-board computers, and others with other architectures, such as RISC-V and MIPS. There is also SBC x86 although we’re talking about Aaeon’s hardware here today due to its choice of silicon.

A photo of Aaeon's upcoming single board PC with an 11th Gen Intel Core processor.

What the “next” single board PC looks like with an 11th Gen Intel Core chip…

These Aaeon cards are designed for industrial purposes, such as transportation, robotics, and other environments where data must be processed close to the source. However, we wouldn’t blame you if you justified a personal purchase so you could put one of these little things on your desk. We don’t know yet how much it would cost you.

With industrial focus, Intel and AMD cards support an operating temperature range of 32 to 140°F (0 to 60°C). What helps these cards withstand such high temperatures is the fact that they use embedded versions of processors from Intel and AMD.

Intel-based next-TGU8 supports three of Intel’s 11 optionse generation of Core embedded processors: the dual-core i3-1115G4E, the quad-core i5-1145G7E and the quad-core i7-1185G7E. The i3 has a base frequency of 2.2 GHz and a turbo frequency of 3.9 GHz while the i7 can run at a sustained speed of 1.8 GHz and burst at 4.4 GHz. Each processor has a dynamic thermal power (TDP) that ranges from 15 to 18 watts, and they all support hyperthreading.

The AMD-based Next-V2K8 supports two options of AMD’s Ryzen Embedded V2000 processors: the six-core V2516 and the eight-core V2718. The V2516 has a base frequency of 2.1 GHz and a turbo frequency of 3.95 GHz while the V2718 nominally operates at 1.7 GHz and bursts at 4.15 GHz. Both processors have a TDP range of 10 to 25 watts and both support hyperthreading.

A photo of Aaeon's upcoming single board PC with an AMD Ryzen Embedded V2000 processor.

…And here’s what the AMD-based card looks like

The Intel and AMD cards each support up to 16 GB of LPDDR4x memory, although the former has a memory bandwidth of 3,733 megatransfers per second (MT/s) while the latter has 3,200 MT/s.

They also both come with integrated graphics and support up to two simultaneous displays: one at 1080p resolution with an HDMI port and the other at 4K with an integrated DisplayPort.

Now, it should be clarified that the boards are not as thin as a credit card. But it’s for good reason. They come with a range of I/O options: the aforementioned integrated HDMI 1.4b and DisplayPort ports, as well as two Ethernet ports, two USB 3.2 Gen 2 ports and a DC power jack.

And the system will get even thicker if you apply the card’s specially designed heatsink and fan assembly, which appears to double the depth of the card, judging from an image provided to CNX.

Either way, these cards are still remarkably small for having the ability to offer computing power that’s probably on par with some laptops. We know there’s a good debate about whether Moore’s Law is coming to an end, but it still shows how far we’ve come from the mainframe era decades ago. ®

Biden’s visit to the Middle East: an alternative view | Marc J. Sievers

President Biden recently made his first visit to the Middle East as president. It included two days in Israel, as well as separate meetings with Palestinians in East Jerusalem and Bethlehem and two days in Saudi Arabia.

The Saudi leg has been politically controversial in the United States, mainly due to the murder of Saudi journalist Jamal Khashoggi in 2018 as well as criticism of the Saudi role in the war in Yemen. Unsurprisingly, much of the US media coverage of the trip, particularly the Saudi portion, was critical. I would like to suggest an alternative, more positive view.

The president’s visit to Israel was a welcome opportunity to show support for a beleaguered ally, but it broke new ground. Israelis hailed Biden’s public statements of solidarity with Israel and his appreciation for his achievements. The Jerusalem Declaration, while appreciated by Israelis, was largely a repackaging of existing US commitments and on the question of how to deal with the threat posed by Iran’s nuclear program, there was no convergence of views. between Biden and Israeli Prime Minister Lapid.

Biden refused to set a deadline for ending stalled nuclear talks with Iran and insisted on continuing to pursue the diplomatic route, while Lapid stressed the need for a credible threat of force if Iran continues to accelerate its march towards a nuclear weapons capability. Still, Biden’s visible displays of affection and reaffirmation of his longstanding sympathy for Israel have struck positive chord among Israelis across the political spectrum.

Even opposition leader Binyamin Netanyahu, whom Biden often argued with when he was President Obama’s vice president and Netanyahu was prime minister, appears to have had a friendly meeting with Biden despite their differences over Iran. and the Palestinians. And while Palestinian Authority President Mahmoud Abbas must have been pleased with his desire to resume direct dialogue with an American president, Abbas was reportedly disappointed by Biden’s outspoken statement that he had no intention of launch a new attempt to establish a Palestinian state under the current conditions. terms.

Moving on to Jeddah, Biden took on the challenge of how to rebuild the US-Saudi relationship, damaged in part by Biden’s statement when he ran for president in the 2020 election campaign that he would treat Saudis as “outcasts” because of their human rights record. . Once president, Biden quickly ended US military cooperation with the Saudi-led Arab coalition fighting the Iran-backed Houthis in Yemen, withdrew Patriot defensive missile batteries deployed to protect cities and Saudi airfields of the Houthis and even drones and ballistic missiles launched by Iran and reversed the Trump administration’s designation of the Houthis as a terrorist organization.

The president also said he would only deal with King Salman and not Crown Prince Mohammed bin Salman (MbS), even though the king is in poor health and the crown prince is the de facto ruler of the Saudi Arabia. Finally, he ordered the release of a CIA assessment concluding that MbS ordered Khashoggi’s murder.

Yet international politics does not stand still and changing circumstances may require substantial changes in policy. Russia’s invasion of Ukraine and the West’s subsequent efforts to restrict Russia’s oil sales, as well as the lack of progress towards a return to a nuclear deal with Iran and therefore the continuation sanctions against Iranian oil, have led to an increase in oil prices. Growing doubts on the part of traditional Gulf allies about the reliability of the United States as a security partner have increased following the chaotic withdrawal from Afghanistan and created new opportunities for Russia and China to presented as alternatives to America while Iran doubled its uranium enrichment. To his credit, Biden concluded he needed to rebuild a partnership with the Saudis.

Much of the media criticism of Biden’s visit to Jeddah has focused on his first encounter with MbS. But I believe much of the review has missed the point. Yes, the decision to go for a fist bump instead of a handshake seemed silly to Americans and Saudis and the arguments about how the president directly accused the crown prince of being responsible for the murder of Khashoggi may remain a matter of perception. However, the key point is that Biden has taken a relationship that was broken to the point where the crown prince last spring allegedly refused to take the president’s phone call, and has now made a serious effort to get it working again. .

Time will tell if the visit was a success. The Saudis largely got what they wanted in terms of Biden ending their ‘pariah’ status; for them, the meeting itself was a big part of the message. It is less clear that the United States got what it wanted. Oil markets remain tight and the Saudis still seem determined to work with Russia in the OPEC+ format.

Israeli expectations of meaningful progress towards normalization with Saudi Arabia have proven too high and probably too vocal for Saudi tastes. But new areas of cooperation are at least implied by decisions such as the opening of Saudi airspace to Israeli aircraft and the agreed transfer to Saudi control of the Red Sea islands of Tiran and Sanafir.

Perhaps more importantly, Biden has said clearly and concisely that the United States has no intention of leaving a vacuum in the Middle East to be filled by Russia, China and Iran. This statement should go a long way to restoring American credibility, even though many of our traditional friends are still waiting for a clear American position on a Plan B when the Iranian nuclear talks are finally declared dead.

Personal Finances: Credit Card Mistakes to Avoid Right Now


When times are tough, credit card debt can be unavoidable if you learn how to manage credit or are forced to make risky financial decisions due to hardship.

For Lydia Senn and her husband, this was their reality during the Great Recession of 2008 after she lost her job and he took a pay cut. They relied on credit cards to get by and racked up about $14,000 in debt.

“We paid off our debt in 2014 and decided to live without a credit card until 2019,” says Senn, who documents his financial journey on his YouTube channel. “We don’t want to rack up high-interest debt, so we’re very strategic and intentional in how we use our credit card.”

Having a plan can help you avoid debt or manage it when money is tight. If your situation allows it, consider alternatives before you make credit card mistakes that make it hard to bounce back.

Modify your budget if inflation or other circumstances compromise it. With today’s inflation, Senn has adjusted his budget to include rising gas, internet and cellphone charges on his credit card.

“Look at the budget and carefully consider those needs versus wants,” says Katie Bossler, quality assurance specialist at GreenPath, a nonprofit credit counseling agency.

Senn’s grocery bill has gone from $125 a week for a family of six to $225. Lowering that bill is not an option since her husband has lupus and requires an autoimmune protocol diet. “It’s the difference between him thriving and being in pain everyday,” Senn says.

To balance rising costs, it cut spending in other areas and opted for alternatives. Weekly family get-togethers at the local cafe have moved to its terrace. The family now dines out and travels less, and the kids attend a less expensive arts camp.

When reviewing your credit card statement, consider deleting unnecessary purchases or unused subscriptions. Prioritize essentials like rent, utilities, food, and expenses that help generate income. If you’re still struggling financially after making changes, consider other options like full-time or part-time work, or finding roommates, Bossler says.

Shrinking your budget can provide savings opportunities that prevent you from relying on credit cards. Save what you can, even just $5 a week. An emergency fund is foolproof, but a credit limit may eventually reach its maximum or be reduced at the issuer’s discretion.

Before that happens, request a higher credit limit from issuers when accounts are in good standing. This way, you have credit available as a last resort that supplements an emergency fund. Note that an issuer may perform a “thorough investigation” of your credit after making this request, an action that can temporarily lower credit scores.

Having a large balance on a high-interest credit card makes purchases more expensive. For credit card accounts rated for interest in 2021, the average rate was 16.45%, according to Federal Reserve data. Some credit card interest rates are even higher at 29.99%.

While a card’s interest rate depends on economic factors and your credit, some cards or institutions offer lower rates that can save you money on outstanding balances. For example, the national average rate on credit cards at credit unions was 11.21% in March 2022, according to data from the National Credit Union Administration.

If you need a debt repayment strategy, a good credit score (a FICO score of 690 or higher) may qualify you for a balance transfer credit card that lets you transfer a high-interest balance on a new card at a lower rate. Weigh the cost of balance transfer fees and ongoing interest charges to identify the best option. The ideal balance transfer card has no annual fee, a low balance transfer fee of 3% or less, and a long enough introductory APR period of 0% to progress on debt.

If you anticipate a late payment, promptly contact your credit card issuer. Late fees can cost up to $30 the first time and up to $41 after, according to a 2022 press release from the Consumer Financial Protection Bureau.

Some issuers may be able to change your due date, offer financial hardship programs, or refer you to a nonprofit credit counseling agency that provides a debt management plan, depending Bossler. These programs may waive fees or reduce interest rates for a certain period of time.

A credit card cash advance conveniently provides a short-term cash loan at a bank or ATM, but it’s expensive. Interest on the amount of money borrowed begins to accrue immediately and fees may apply.

Instead, consider a personal loan or targeted offers from issuers that turn available credit on a credit card into a less expensive installment loan that puts money in your bank account.

For this last option, no loan application or credit check is required.

How BNPL firm term loans now work


Buy Now Pay Later (BNPL) player Slice last week introduced “real-time” term loans to replace its previous line of credit offering. This change stems from the banking regulator banning fintech players from offering revolving lines of credit on prepaid cards and wallets.

Previously, customers were assigned a line of credit when they registered on the platform and could therefore tap into the pre-approved line of credit to make payments. Now customers will instantly take out a new loan (called a term loan) each time they make a payment. For example, if you choose Slice when paying on an online food delivery platform for a transaction of 600, you can borrow 600 from an NBFC partner of Slice. Once the NBFC partner approves the request, they will transfer the amount to the Slice card (issued in partnership with SBM bank). Axio (formerly CapitalFloat) also follows a similar lending method.

A line of credit is qualified as a loan in the accounting books. So when a consumer is assigned a line of credit, it appears as an active loan in their credit bureau, whether or not the consumer uses it.

Under the term loan model, only the amount the consumer borrows will show up in their credit bureau. In this regard, the term loan model is a step up from the earlier line of credit product. The repayment structure will remain the same wherein customers will be given a pre-determined interest-free window to repay the full amount, after which interest will begin to apply. Regular use of this feature for payments could cause problems for your credit score, as lenders may consider you a subprime borrower.

Adhil Shetty, CEO of BankBazaar.com, explained, “Any loan you take out with a regulated bank or NBFC will have a credit check. It is for the lender to understand your financial habits and your stability. Records of all open credits as well as those closed within the last 3-5 years will be detailed in the credit report, and this is one of the key checks any lender undertakes before approving a loan. Every serious inquiry about your credit score lowers your score by a few points.”

Slice, in a communication to customers, said the change did not negatively impact their credit score.

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What are the rights of a co-signer?


VSSigning a loan involves certain inherent risks. This is why you should only agree to co-sign a loan after you have exhausted all other options.

However, co-signing may be the only way to give a friend, family member, or other loved one the ability to access the financing they need. In this case, it is crucial to understand what rights you have as a co-signer and what responsibilities you will assume after signing the dotted line.

What is a co-signer?

Lenders look at a prospective borrower’s credit score, income and other factors to determine if they are a good candidate for a loan. If an applicant does not qualify on their own, they may be able to add a co-signer to the loan, depending on the lender.

A co-signer is someone who meets the lender’s qualification requirements and agrees to repay the debt if the primary borrower is unable to do so. Adding a qualified co-signer can help you qualify for many types of loans, including mortgages, auto loans, personal loans, and student loans. While almost anyone can co-sign a loan, most people ask a parent, spouse, relative, or friend.

When would you need a co-signer?

Many private student loan companies require students to add a cosigner because they don’t have the credit history to qualify on their own. If you’re self-employed and applying for a mortgage, getting a co-signer can help you get approved if you have less than two years of self-employment under your belt.

In some cases, having a co-signer can also help you get a lower interest rate than if you just had to apply on your own. In fact, you can’t get the lowest interest rates from the best personal loans unless you have a co-signer.

Not all lenders allow cosigners, so double check before applying. When you start a loan application, indicate that you will apply with a co-signer. The lender will then send them a request. They will likely need to include personal information such as income, work history, social security number, contact information, etc.

What does it mean to co-sign a loan?

Co-signing a loan is no small favor. This is a major request that has huge implications for the co-signer. When a person co-signs a loan, they agree to take responsibility for the loan if the original borrower stops making payments or defaults.

For example, if you co-sign a car loan for a friend and they stop making payments, the lender will sue you for the remaining balance. If you can’t afford to make the payments, you also risk defaulting and damaging your credit score. It will therefore be much more difficult for you to be approved for a loan, a line of credit or a credit card in the future.

Even if the borrower doesn’t default, co-signing can still impact your credit. Although you are not the primary person responsible for repayment, how quickly the borrower makes payments will affect your credit score.

Cosigner vs Coborrower

The main difference between a co-signer and a co-borrower is that a co-borrower is also responsible for repayment throughout the term of the loan and has access to the loan proceeds.

Co-signers, on the other hand, do not have access to assets related to the lending transaction and only have to make payments if the primary borrower defaults.

Rights of co-signers

Before you consider co-signing a loan, you should review your rights.

Co-signers do not have access to the assets attached to the loan

Co-signers are not entitled to loan proceeds or loan security. For example, if you co-sign a house, you are not on the deed and have no rights to the property. If you co-sign a personal loan, you cannot legally access these funds.

Co-signers can be removed from the loan

A co-signer release allows borrowers to remove the co-signer from the loan without refinancing it into a new loan.

Many lenders offer the release of the co-signer after a certain number of consecutive payments on time. The exact timeframe, however, will vary by lender. Some may only require 12 consecutive months of one-time payments while others require you to be halfway through the repayment term.

Only the borrower can request the release of the co-signer, not the co-signer. If you are interested in releasing the co-signer, read the loan agreement and review the requirements. Then contact the borrower and ask them to request the release of the co-signer.

Co-signers may face collections before the borrower

When you co-sign a loan, you legally agree to become liable for the debt should the primary borrower default. It also means you may face collections for the amount outstanding before the borrower, according to the Federal Trade Commission (FTC).

Responsibilities of the co-signer

Before you consider co-signing a loan, you need to make sure you know exactly what you will be responsible for.

Gather the information required to apply

Lenders require co-signers to submit their own individual applications. Make sure you have the required information and documentation at hand when you apply. Lenders typically require information such as a co-signer’s income, employment history, social security number, contact information, and more.

Potential debt repayment

The primary responsibility of a co-signer is to repay the debt in the event the borrower defaults. You may also become liable for penalties and late fees, depending on the borrower’s monthly payment history.

Monitor the loan transaction

The co-signer should monitor their credit report and ensure that the borrower makes payments on time and in full. If possible, see if you can get notifications from the lender, such as when a payment is overdue. This can help you stay on top of any issues before they snowball.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

UPI-credit card link likely in two months, NPCI in talks with SBI, BoB and other banks


The National Payments Corporation of India, or NPCI, which is the country’s retail payment entity, plans to implement the linking of credit cards to the Unified Payments Interface (UPI) network, the chief executive said. of the organization, Dilip Asbe. This comes more than a month after Reserve Bank of India Governor Shaktikanta Das announced permission to link credit cards to UPI to facilitate payments.

“We are talking with BoB Cards, SBI Cards, Axis Bank and Union Bank of India. We should be able to submit our proposal to the Reserve Bank of India (RBI) in ten days and once we get approval we should be able to start in two months,” Asbe said at an organized event. by the Bank of India. Baroda on Friday July 22.

On June 8, Shaktikanta Das, during his announcement at the Monetary Committee (MPC) meeting, said he was proposing to allow credit card linking on UPI platforms. This decision, however, was to test the Merchant Discount Rate (MDR) benefit available to UPI users. According to experts, zero-MDR benefits are one of the major reasons for the growth of UPI and its preference among merchants instead of using cards. On credit cards, banks and payment service providers divide the amount paid by the merchant for each card transaction made. This is around 2-3% of the total payment in case of credit cards. “Maybe we should have taken care of small merchants and protected them from MDR while existing merchants handling credit cards can continue to pay,” Asbe said.

RBI Deputy Governor T. Rabi had said in June that ‘going to the pricing structure is taking the leap’ and RBI ‘will see how it will be priced’, after being asked about the price difference between UPI and credit cards and how the two will be synchronized.

“The fundamental goal of linking credit cards to UPI is to provide customers with a wider choice of payments. Currently, UPI is only tied to debit cards and savings bank accounts, but now it will be tied to credit cards as well. We will introduce the credit card linking arrangement with UPI and see how prices develop,” he said.

In accordance with guidelines that came into effect on January 1, 2020, UPI and RuPay attract zero-MDR, which means that there are no fees on these transactions.

“Currently, UPI facilitates transactions by linking savings/checking accounts through users’ debit cards. It is now proposed to allow credit card linking on the UPI platform. To start with, Rupay credit cards will be linked to the UPI platform,” Shaktikanta Das said in June. The arrangement is expected to provide more opportunities and convenience for customers to make payments through the UPI platform, the RBI said in a statement.

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4 Things We Learned From The Comic-Con Panel

“Brooklyn Nine-Nine” star Terry Crews is among the guest stars of the show’s first season, and a brawny ball of energy brought his trademark enthusiasm to the panel (he literally took the stage ripping off his shirt and making his pectorals dance). He might as well have been a fan ripped from the crowd, as he spent a significant portion of the panel talking about the people who make the show and “The Walking Dead” himself, insisting he’s a super fan who would be in the crowd if he couldn’t be on stage.

But Crews’ love of zombie stories doesn’t start with “The Walking Dead.” He said he grew up watching George Romero’s iconic horror classic “Night of the Living Dead” (the godfather of all modern zombie stories) and was smitten by the film’s main man, Duane Jones. Here’s a horror movie with a black lead playing a character who takes control and proves to be the most heroic character in the film. Of course, things didn’t end well for Jones’ Ben (Romero’s cynical ending is timeless), but the film sparked a passion in Crews. Now, thanks to “Tales of the Walking Dead,” he’s able to live out one of his ultimate fanboy fantasies and star in a zombie story.

Why you should think twice before co-signing a loan, according to experts


shironosov / iStock.com

There are many scenarios in which co-signing a loan might seem like a good idea. For example, maybe one of your kids has just started college and you’re considering co-signing their student loan. Or maybe you have a family member or close friend who wants to take out a mortgage, but their credit is poor.

See: 9 bills you should never put on automatic payment
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College and homes are prohibitively expensive for some people these days, so it’s understandable that these situations can arise. However, co-signing a loan involves many risks. In fact, the pros almost always outweigh the cons.

Here’s why, according to experts, you should think twice before co-signing a loan.

You may be responsible for late/missed payments

The first thing to know about cosigner loans is that you are responsible for the payments on the loan. In other words, if the person whose loan you co-sign doesn’t make the payments, you can be held liable. “Unlike credit cards, where the authorized user is not responsible for payments, a co-signer is,” says Vashon Gonzales, chief operating officer at KAPED.

Gonzales says he’s a debt collector and can understand the benefits of adding an authorized user to a credit card. But he doesn’t see how co-signing a loan is a good idea. “With a co-signer, they sign a mutual agreement that they will bear all the consequences if the borrower doesn’t pay, including personal credit damage, lawsuits, and even liens or repos,” Gonzales says.

You may be harassed by debt collectors

You may think that since a loan you co-sign isn’t “your” loan, debt collectors won’t harass you for missed or late payments. Not so, experts say.

“If the primary borrower does not repay the loan as agreed, you are legally responsible for the debt,” says Leslie Tayne, founder and chief counsel of Tayne Legal Group. “Plus, you could be sued or have your wages garnished if the account defaults.” Unless you are prepared to face the consequences on behalf of the primary borrower, you may want to reconsider signing a legal document with them.

See our list: 100 Most Influential Money Experts

It can hurt your credit history

Loans are a form of credit and as a co-signer you are responsible for ensuring that the loan is repaid. “Any missed payment will cause your credit score to plummet,” says Tayne. “Also, co-signing a loan for someone else could make you ineligible for credit when you need it. This is because a lender may think you are already financially overburdened.

Credit is one of the most common ways most people pay for major purchases. If you’re planning to finance a new home or car in the near future, it might be best to avoid co-signing a loan. You might even have trouble opening a new credit card if you co-sign on a loan and it becomes a problem. Unless you’re paying with everything in cash, co-signing a loan can mess with your finances.

Escaping co-signer responsibility is difficult

If all goes well with the loan you co-sign, you will be released from liability when the primary borrower finishes repaying the loan. But what if things don’t go so well?

If the loan becomes a problem and you want to escape your cosigner responsibilities before the loan is paid off, it’s not that easy, says Tayne. “The primary borrower must qualify to refinance the debt in their own name only. Since they needed your signature to get loan approval, it will likely take them some time before they can refinance it.

It can ruin relationships

Here’s the thing about money: you can always make more of it. But when relationships break down, no amount of money can fix them. If you co-sign a loan for a friend or family member and they don’t repay, you might end up resenting them. Imagine being sued, having your wages garnished, or both. Experts have seen it ruin relationships, and it could make co-signing a non-starter, even more so than the financial risks.

“You might feel pressured to co-sign a loan because you don’t want to create a rift in your relationship,” says Howard Dvorkin, president of Debt.com. “Unfortunately, in three decades as a CPA and financial advisor, I’ve seen co-signing create even greater divisions. I saw him end those relationships.

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About the Author

Bob Haegele is a personal finance writer specializing in topics such as investing, banking, and credit cards. He quit his day job in 2019 to pursue his passion for helping people get out of debt and build wealth. You can find his work at outlets such as Business Insider, Forbes Advisor, and SoFi.

Beware of fake debt collectors!


The Department has seen an increase in complaints involving bogus debt collectors attempting to collect bogus debts. We have provided some simple steps to avoid falling victim to a debt collection scam.

How debt collection scams work

Fake debt collectors start by contacting you by phone, text, mail or email. The tax collector claims that you have a debt. The debt can be completely bogus, not even yours, canceled, discharged from bankruptcy, forgiven, or past the statute of limitations, or “time-barred,” which means a debt collector cannot sue you or threaten to sue you for it.

Before paying the collector, make sure the debt is a valid debt that you owe and not just a scam. The scammer will use various techniques (lies, intimidation, harassment) to make you pay. Use the following tips to help you recognize when you’ve been the target of a scam and what you need to do to protect yourself.

Red flags

You don’t recognize the debt

You may be right if you think the debt is entirely bogus or the amount is incorrect. The debt collector may attempt to collect a debt that is false, cancelled, discharged, forgiven, or past the statute of limitations.

The debt collector will not identify himself

Collection agents are required to disclose their identity when contacting you. A scammer may refuse to share this information with you.

The debt collector is threatening or lying to you

Debt collectors cannot threaten to report you to the police, pretend to be a lawyer or the government, use obscene or profane language, or threaten to tell your employer or family about your debt.

Debt collector demands immediate payment

Scammers are always looking for quick payment. Be very suspicious if the debt collector insists that you pay immediately.

The debt collector is willing to accept unusual forms of payment

Scammers may try to convince you to pay using hard-to-trace methods, such as a gift card, bank transfer, prepaid card, or cryptocurrency. Legitimate debt collectors will accept normal payments such as checks and credit cards.

How to protect yourself

Asking questions is your first line of defense. Debt collection scammers hope you pay them quickly, no questions asked. Do not hesitate to ask them for the following information:

  • The name of the caller and the name of the company they work for
  • Company name, address, phone number, website and email address
  • The debt collector’s license number
  • The amount of debt
  • The name of the current creditor trying to collect from you
  • The name and address of the original creditor

Ask the collector to confirm the debt in writing.

The law requires a debt collector to provide you with information such as the name of the creditor, the amount owed, and how to dispute the debt if you believe it is not correct. If a debt collector does not provide information on first contact, they are required to send you a written notice providing this information within five days of first contact.

Check your credit report for the account in question

You are entitled to a free credit report every 12 months from each of the three major consumer reporting companies. To get your free legally authorized credit report, go to AnnualCreditReport.com or call (877) 322-8228.

Contact the original creditor

If a debt collector claims to collect a debt on behalf of a creditor (such as a payday loan company or other type of lender), contact the creditor to validate the debt.

File a complaint

The DFPI regulates debt collection in the State of California. If a bogus debt collector contacts you or if a debt collector lies or threatens you, you can quickly and easily file a complaint on the DFPI’s File a Complaint webpage.

API Management Market Size, Share | Revenue, Trends, Price, Gross Margin and Forecast to 2027

“Google (US), IBM (US), Microsoft (US), Axway Software (US), Broadcom Inc. (US), MuleSoft (US), Oracle Corporation (US) United States), Software AG (Germany), Kong Inc. (United States), Red Hat (United States), SAP SE (Germany), TIBCO Software (United States), Amazon Web Services (United States), Boomi (USA), Postman (USA) »

API Management Market by Component (Solutions & Services), Deployment Type (On-Premise, Cloud), Organization Size (SMB & Large Enterprise), Vertical (BFSI, IT & Telecom, and Retail & Goods) consumption) and region – Global forecast to 2027

The global API Management market size is expected to grow at a compound annual growth rate (CAGR) of 25.1% during the forecast period, to reach USD 13.7 billion by 2027, from 4, 5 billion USD in 2022.

The major players have adopted various growth strategies to expand their global presence and increase their market reach to expand their customer base. Key players such as Google, IBM, Amazon Web Services, Microsoft and MuleSoft have mainly adopted strategies such as product launches and upgrades, partnerships, agreements, mergers and acquisitions to gain market presence and support the growth of the API management market.

Download the PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=178266736

The API platform segment will hold the largest API management platform market share in 2022.

The API Platform is a framework that enables the creation of web applications and services without affecting existing APIs. Thus, the API platform is a crucial part of a mature API strategy. The API platform is further segmented into API portal, API gateway, API administration, and API monetization.

Consulting services hold a major share of the API management market over the forecast period.

API Management market consulting services help in understanding the features and complexities associated with adopting an API Management solution. Consultants help understand problems in the business process and suggest ways to overcome them. These services are important for deploying API management solutions as they review budget and business requirements and reduce complexities.

Key players

Key Players of API Management Market include Google (US), IBM (US), Microsoft (US), Axway Software (US), Broadcom Inc. (US), MuleSoft (US), Oracle Corporation (US), Software AG (Germany), Kong Inc. (US), Red Hat (US), SAP SE (Germany), TIBCO Software (US) , Amazon Web Services (US), Boomi (US), Postman (US), etc.

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Google has been constantly innovating to provide solutions to improve the productivity and efficiency of its customers by providing tailor-made solutions to meet their specific demands. The company invests a significant part of its annual turnover in R&D activities. Its industry-leading API management solution enables API vendors to design, secure, deploy, monitor and scale APIs. Additionally, Google helps its enterprise customers manage API traffic and maintain API performance and usage. The company has a strong geographic presence with a strong focus on innovative initiatives. The company focuses on organic growth strategies to improve and innovate its offerings. It focuses on inorganic growth strategies to gain a competitive edge in the market. For example, Google Cloud’s announced Apigee API Management Platform supports GraphQL APIs to help developers manage the full lifecycle of GraphQL APIs for consumption, such as REST APIs. The company is increasingly investing in alliances and partnerships to gain market presence, and developments in cloud computing technology are driving demand.

IBM is one of the world’s leading providers of API management solutions. The company is recognized for its diversified product and service offerings. Its R&D spending has steadily increased over the past three years, focusing on high-growth, high-value opportunities. IBM’s API Management solution is designed to meet the wide variety of API policy management requirements. IBM has built strong brand value in technology, addressing its customer base across all industries. The company emphasizes innovation and stands out for the quality of its products. It also continuously invests in R&D activities to strengthen its solutions. IBM has a largely integrated supply chain and has optimized inventory over time, allowing IBM to reduce risk during market changes.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats that will impact 70%-80% of global business revenue. Currently serving 7,500 customers worldwide, including 80% of global Fortune 1000 companies as customers. Nearly 75,000 senior executives from eight industries around the world approach MarketsandMarkets™ for their revenue decision issues.

Our 850 full-time analysts and MarketsandMarkets™ SMEs track global high-growth markets by following the “Growth Commitment Model – GEM”. The GEM aims for proactive collaboration with customers to identify new opportunities, identify most important customers, write “Attack, Avoid and Defend” strategies, identify additional sources of revenue for the company and its competitors. MarketsandMarkets™ now offers 1,500 MicroQuadrants (positioning top performers among Leaders, Emerging Companies, Innovators, Strategic Players) each year in high-growth emerging segments. MarketsandMarkets™ is determined to benefit over 10,000 companies this year for their revenue planning and help them bring their innovations/disruptions to market by providing research ahead of the curve.

MarketsandMarkets’ flagship competitive intelligence and market research platform, “Knowledge Store”, connects over 200,000 markets and entire value chains for a deeper understanding of unmet information, as well as market sizing and niche market forecasts.

Contact:Mr. Aashish MehraMarketsandMarkets™ INC630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: [email protected]Visit our website: https://www.marketsandmarkets.com Content source: https://www.marketsandmarkets.com/PressReleases/api-management.asp

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Judge allows Voyager to pay off credit card debt


Key points to remember

  • Crypto exchange firm Voyager Digital has been authorized to refund $76,000 across 24 credit cards at Brex.
  • The bankruptcy judge, who reluctantly gave his approval, said the company did not seek credit from other card providers; nor had he explained why he even needed credit cards in the first place.
  • Voyager is currently in Chapter 11 bankruptcy proceedings following a liquidity crisis triggered by the collapse of crypto hedge fund Three Arrows Capital last month.

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Crypto exchange Voyager will be able to pay off $76,000 in credit card debt in Brex, a judge reluctantly ruled yesterday.

“Great Concerns” on Voyager

Voyager Digital will repay a portion of its credit card debt.

The crypto exchange yesterday received permission “with great trepidation” from bankruptcy judge Michael E. Wiles to pay off $76,000 in credit card debt to Brex, a company focused on providing card services credit to technology companies.

The approval was given reluctantly, as Judge Wiles questioned why the company had not first sought credit from other suppliers. “All I have are vague and generalized descriptions of why you need credit cards in general,” Judge said. “Not why you need those particular cards or have to pay those amounts.”

Voyager’s legal team argued that the company already had a relationship with Brex and that the exchange could continue to use all 24 credit cards after the $76,000 debt is paid off. Other card providers may be reluctant to provide trade-in credit given ongoing bankruptcy proceedings; switching to another card provider would also cause additional delays.

Voyager has suspended transactions, deposits and withdrawals on its platform following the collapse of crypto hedge fund Three Arrows Capital (3AC) last month. The exchange was exposed at the former multi-billion dollar facility for $350 million and 15,250 BTC, for a total of approximately $710 million at today’s prices.

The company recently deposit for Chapter 11 Bankruptcy to fulfill its obligations to creditors and investors. He claims to have approximately $110 million in cash and digital assets on hand, $1.3 billion in cryptocurrencies on the platform, $350 million in cash in an account at Metropolitan Commercial Bank and its claims against 3AC. The company has noted plans to return account balances to its customers.

Disclosure: At the time of writing this article, the author of this article owned ETH and several other cryptocurrencies.

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New scoring system for condo and homeowner associations



Various scoring systems impact the housing market, particularly FICO scores which provide a homebuyer’s credit rating and can mean the difference between approval or rejection of a mortgage and influence the mortgage rate offered to borrowers.

Shoppers may also be familiar with the Walk Score, which measures a neighborhood’s walkability, the Bike Score, which provides insight into how easily it is possible to get around on two wheels, and the Transit Score, which evaluates access to public transport.

Now, a new score, called “FiPHO”, has been introduced to help buyers and owners assess a condo, co-op or homeowners association. FiPHO, which stands for Financial, Physical and Operational Health, is a rating from 1 to 100 that provides insight into the association and its work. The higher the score, the stronger the association.

The score, developed by Association Reserves, an organization established in 1986 that has provided more than 70,000 reserve studies for associations, is part of a new database called Association Insights and Marketplace (AIM). The database has identified more than 400,000 associations.

First residents move into former Fannie Mae headquarters

The boards of these associations can upload the financial, physical and operational details of their associations to generate a FiPHO score. The financial health score is based on a review of documents to assess whether the association’s finances are sound. Additional records are needed to generate a physical health score, which reflects the quality of community maintenance, and an operational health score, which focuses on how well the association is functioning.

The board of an association must complete its profile on the AIM website (free of charge) to have a FiPHO score generated. Ideally, associations will want to be transparent with owners and potential buyers. While the FiPHO score and AIM reports are free until Labor Day, buyers eventually have to pay $49.99 for an in-depth report. The cost of the report is revenue for the board, which incentivizes associations to participate.

Buyers of condominiums, cooperatives and homeowners’ associations must receive the association documents free of charge after the acceptance of their offer to purchase. However, some buyers may want to review the documents and discuss them with their lender, real estate agent and lawyer before making an offer.

The idea for the FiPHO score began with the collapse of the Champlain Towers South condo in Surfside, Florida in 2021, which highlighted the potential danger of condo associations mismanaging funds and delaying maintenance.

“The tragic collapse of Champlain Towers South Condominium in Surfside, Florida last year is the most extreme example of what can happen when deferred maintenance is combined with an underfunded reserve account, and that the board and owners are working against the grain,” Robert Nordlund, co-founder of AIM and founder and CEO of Association Reserves, said in a statement.

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What a bullish Bank of America means for Wall Street and the economy


The Bank of America headquarters in Charlotte, North Carolina.

Joe Daniel Price | Getty Images

As banks reported second-quarter earnings, one thing stood out: Banks that focus on Wall Street were pessimistic about the outlook, and banks that primarily serve consumers and Main Street were much more optimistic.

The reasons for this aren’t hard to pinpoint, especially with a close look at Bank of America’s published numbers as well as its earnings – which actually missed Wall Street’s forecasts, a fact glossed over as investors focused on his optimistic view of the American consumer. . The bank painted a picture of a consumer in much better shape than before the Covid pandemic or the last recession of 2007-2009.

It starts with a single number that appears on page 23 of B of A’s supplemental charts accompanying their earnings report: 771. That’s the average credit score for new second-tier credit card and mortgage borrowers. largest U.S. bank (behind JPMorgan Chase), CFRA said. Research Analyst Ken Leon. The average new car loan in the quarter came in with a score of 791. The average home equity borrower was 797 and 800 in the first quarter.

In contrast, the average FICO score in the United States is 698, according to a mid-2021 study by credit reporting agency Equifax. And the subprime mortgage crisis of the late 2000s focused, at least initially, on people with scores below 620. Bank of America learned that the hard way when it bought out the mortgage lender focused on Countrywide Financial subprime in 2008.

“What didn’t kill Bank of America made it stronger,” said Mike Mayo, an often contrarian banking analyst at Wells Fargo who has long criticized Bank of America. “You have a history of win over loss here. They had a responsible growth plan, and that plan continues today.”

Bank of America has adopted a series of strategies to ensure that the next economic downturn does not lead to a near disaster, CEO Brian Moynihan said during the company’s conference call with analysts Monday. As another set of charts in the presentation shows, this is now a different bank.

The bank holds $29 billion less in mortgages than at the end of 2009, when the economy had just survived the worst of the financial crisis. That’s despite the median home price doubling, according to personal finance site DQYDJ, which mixes data from sources including the National Association of Realtors and the Case-Shiller Index. Its portfolio of home equity loans, a line of business blamed for many banks’ troubles with overstretched consumers, is just $27 billion, down from $154 billion.

And its overall consumer loan portfolio is both smaller than in 2009 and a smaller share of its lending business, as commercial loans have moved to the fore.

More remarkably, the average Bank of America mortgage is currently only about half the value of the home backing it, Mayo said. And his average credit card borrower only used 18% of his line of credit.

Big Banks and the American Consumer

From the bank’s perspective, the happy consequence of lending to financially stable consumers is that they can continue to spend, when much of Wall Street wonders whether a recession caused in part by lower spending consumption is close at hand. Total spending by Bank of America customers rose 13% this year to $2.1 trillion, the bank said.

“American consumers remain quite resilient,” Moynihan said. “Overall average deposit balances for most cohorts are higher than they were last quarter and even increased in June compared to May … and importantly, we see no deterioration in the quality of assets from our customers, and they have the ability to borrow.”

For the first two weeks of July, spending rose more than 10% on a stronger base, Moynihan said.

The bank’s long-standing conservative restructuring helped B of A’s consumer business gain $2.9 billion in the quarter. Adjusted for changes in credit reserves and taxes, this represents a 26% increase over last year.

One of the reasons the bank is so healthy is that high borrower credit ratings have translated into low default rates. Although Bank of America set aside $350 million in the quarter to manage future defaults in its consumer businesses — money it could claw back if defaults are lower than expected, or add if delinquencies accelerate – its consumer overdue ratio is just 1.2%, less than before the pandemic.

Higher interest rates will boost core earnings by $4 billion a year over the next two quarters, a development the market reaction to the earnings report failed to factor in, said Mayo. He said Bank of America would likely grow pretax profits faster than nearly all companies in the Standard & Poor’s 500 stock index over the next two years, also helped by a cost-containment campaign aimed at enticing consumers to use digital platforms more often and with low loan losses.

Banking stocks were higher in trade on Tuesday, with Bank of America among the leaders, and the sector outperformed broader market gains on a rally day on Wall Street.

Bank of America and JPMorgan are poised to be slower in their Wall Street-oriented activities, such as merger advice and initial public offerings of stock during the third quarter, Leon said. If that persists, cost cutting at those businesses is likely, even assuming consumer units continue to do well, he said.

JPMorgan CEO Jamie Dimon had positive things to say about the U.S. consumer and labor market, but was optimistic about risks to the economy in his outlook. Last week, JPMorgan built up larger reserves for bad debts and suspended its buyback program.

“Bank of America has a different sensitivity to rising interest rates than JPMorgan, and that makes them more exuberant,” Leon said. Loan growth at Bank of America was also stronger than at Chase, he said.

Assuming there is no recession that cuts growth and explodes credit losses, Bank of America is trading at 7 times likely earnings next year, says Mayo, who notes he called to the dismissal of Moynihan at the start of the bank’s post-crisis recovery.

“I didn’t think he grew into the role,” Mayo said. “He grew into the role. It’s the reward of a decade of work and the market has turned a blind eye to it.”

How the iGaming industry is driving the global economy

How the Igaming industry is driving the global economy

The iGaming industry is growing faster and faster and rising income leads to higher social security contributions. Learn how iGaming has become a key driver of global economic growth.

Every year, land-based casinos become less popular as more and more players choose to roll the dice or spin the slot machines online. Although the trend has been growing for a while, it was dramatically accelerated by the covid pandemic, when quarantines and other restrictions reduced land-based casino revenue streams to a trickle. Overall, modern users find online casinos to be more comfortable and convenient than their land-based counterparts, and particularly appreciate the incredible variety of gaming content available.

According to an exclusive report by Acumen Research and Consulting, the size of the online gambling market will reach approximately $172 billion by 2030, growing at an annual CAGR of 11.6% due to the boom in gambling. mobile game. Such dynamics may be due to the increase in the number of operators in different markets, since launching an online casino is much less expensive than opening a land-based gambling establishment. Online gaming platforms don’t need large staff, capital assets and heavy gaming equipment – only quality software. With good budget planning, online casino operators incur low maintenance costs. Therefore, more and more investors are diving into iGaming, and respectively, the market is growing.

Operators have a few tools at their disposal to scale their business. They can integrate new games adapted to the tastes of their target audience, offer bonuses and loyalty programs, develop their marketing activities, etc. Operators who make good use of these tools are often able to run a very competitive business.

Impact of the gambling industry on the economy

Almost all jurisdictions collect gambling taxes from casino operators. States use these taxes to fund crucial social programs. Although it often starts with gambling harm reduction programs, it doesn’t end there; public health and sports initiatives are common recipients of gambling tax revenue. In many countries, iGaming contributes a substantial share to overall tax revenue.

Online gambling also has other economic advantages. For example, with the development of the market, the number of related projects is increasing – sites offering gambling reviews, fintech startups, digital marketing agencies, etc. These in turn stimulate job creation and new tax contributions. This turns into a ripple effect with a positive impact on the global economy.

Software is necessary to start a game project. Most operators do not have sufficient knowledge to develop high-quality software, so they turn to outsourcers. The same goes for web hosting, creating more job opportunities for both segments.

The development of the iGaming industry contributes to an economic paradigm shift. Every year there are more and more online casino operators, especially in the emerging markets of Africa, Asia and Latin America. Everyone benefits – the state, businesses and consumers.

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Is it difficult to get approved for apartments in New York? – Harlem World Magazine


Finding an affordable apartment in New York has never been easy.

But, with rents around 40% higher than the same time last year – and still rising – it’s harder than ever.

According to the New York Times, rent increases are having a particularly hard impact on New Yorkers, as two-thirds of residents rent their homes. This percentage is twice the national average.

With those kinds of numbers, someone looking for an apartment in New York should be ready to jump on a place that meets their needs. And that means having all your paperwork in order.

But what is needed for a rental application in new york, and is it hard to get approved? Whether you’re a first-time renter or someone looking for better digs in the Big Apple, this article offers an overview of what you need for the New York City rental process.

Landlord Rules for Tenants in New York

Although the rules may vary for individual owners and different buildings, most New York City owners require the following:

proof of income. It’s standard policy for New York landlords to apply “the 40x rule” to determine a potential tenant’s ability to pay rent. This rule means that an applicant’s annual gross income must be at least 40 times the monthly rental price.

For a one-bedroom apartment at the Spring 2022 median price in Manhattan, the 40x rule means a renter must have an income of at least $159,800. In Brooklyn, where the average one-bedroom apartment rental was $2,900 per month in mid-2022, an income of more than $116,000 is needed to qualify.

Steady employment history. In addition to your three most recent payment stubs, the landlord will be looking for a secure employment record. An employment verification letter, along with employer references, will show that you will be a reliable tenant. The letter should be written and signed on company letterhead and include your job title, title, salary, and length of employment.

Good credit score. The landlord will obtain your credit score and history from a third-party credit service to help determine if you will pay on time and for the full term of the lease.

Most New York City landlords are looking for a minimum credit score between 650 and 700. If you don’t have established credit or have a low score, you can provide a guarantor on your application. This person agrees to pay your rent if you are unable to do so.

To learn more about credit scores and how you can find information about your score, visit freecreditreport.com Where usa.gov/credit-reports.

Social Security number. You will need to provide your social security number (or, in some cases, a copy of your social security card) on the rental application. If you don’t have one, you will need a guarantor for your lease.

  • Bank statements. As another way to check your ability to pay the rent, you will need to provide your last three bank statements.
  • Tax returns. Be prepared to provide the owner with copies of your latest IRS statement, including Form W2 or 1099.
  • ID photo. The owner may want copies of two pieces of photo ID. Your driver’s license, school or professional identity card or passport will suffice. However, by law, the landlord cannot require government-issued photo ID.
  • Registration fees. By law, a New York City landlord can charge a fee of no more than $20 to cover the cost of background and credit checks that are part of the application process.

What to do if you are approved

In the event that your application is approved quickly, it’s a good idea to have the first month’s rent and security deposit ready and available when you complete your application. New York landlords cannot charge more than one month’s rent as security deposit.

When you’re looking for an apartment in New York, the competition can be fierce. This is why it is essential that the elements of your request are ready to be offered to the owner at the time of the request. You don’t want to lose a great place to live because you forgot your photo ID or bank statements.

In many cases, you can complete the application process online. However, you still need to pay close attention to detail. For example, verify that all documents that require a signature are signed.

To protect yourself, confirm the identity of all recipients of your documents before sending them. You can remove your account number from your bank statements for added security.

What can’t a landlord ask for?

Finally, it is just as important to know what a landlord cannot ask you as what he can ask you on a rental application. According to New York’s fair housing laws, it is discriminatory for a landlord to inquire about any of the following issues:

  • Are you disabled?
  • How old are you?
  • What is your religion?
  • Where were you born?
  • What is your race?
  • What is your sexual identity?
  • Are you married?

If you suspect a violation of the right to fair housing in your application, you should contact the New York City Human Rights Commission.




Everything You Need to Rent an Apartment In NYC, From Paperwork to Fees



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“Dr. Harry Delany is a renowned surgeon born and raised in Harlem, the son of the great jurist and civil rights leader, Hubert Delany….” This monthly post is written in Partnership with Harlem Cultural Archives.

Poll: Most WA residents blame Trump for Jan. 6 attack, but many Republicans don’t

As congressional hearings reveal new testimony about how former President Donald Trump stoked the Jan. 6, 2021, assault on the U.S. Capitol, most Washingtonians say Trump bears heavy responsibility for the violence of that that day, according to a new statewide poll.

But deep partisan divisions persist, with many Republicans denying or downplaying the former president’s guilt and some even saying left-wing activists are more to blame.

In the WA poll of 825 adults, 40% said they followed the televised public hearings of the House Select Committee investigating the January 6 attack somewhat, while 57% said they did not follow very much. close or not at all.

The WA poll is sponsored by the Seattle Times, KING 5, the Center for an Informed Public at the University of Washington, and the Murrow College of Communication at Washington State University.

Conducted online July 6-10 by SurveyUSA, the WA poll reached 825 adults, including 731 registered voters and 596 likely voters, using a sample population provided by Lucid Holdings. Respondents were weighted according to US Census proportions for gender, age, race, education, and home ownership.

When asked to rank Trump’s responsibility for the Capitol attack on a scale of 1 to 10 — 10 meaning full responsibility and 1 meaning no responsibility — 56% gave Trump a score of 7 or higher. In contrast, 31% gave Trump a rating of 4 or less.

Those memos largely toed partisan lines, with Democrats and those describing themselves as “very liberal” giving Trump the bulk of the blame. Republicans and conservatives were more likely to attribute little or no responsibility to Trump.

A sizable portion of Republicans in the poll disagreed even that Trump supporters on Capitol Hill, who stormed the building that day, were largely responsible for the attack.

No more blame attributed to ‘left-wing activists who wanted to make Donald Trump look bad’. This sentiment mirrors false claims by some conservative activists and members of Congress, including Representatives Paul Gosar, R-Arizona, and Matt Gaetz, R-Florida, who in the aftermath of Jan. 6 suggested that disguised Antifa activists were infiltrated into the pro-Trump crowd.

The WA poll was conducted by Survey USA between July 6 and July 10. It was sponsored by the Seattle Times, KING 5, the Center for an Informed Public at the University of Washington, and the Murrow College of Communication at Washington State University. Additional polling results on topics such as top issues for voters and election misinformation will be released in the coming days.

National polls have shown growing partisan division over the Jan. 6 attack over time.

A recent Monmouth University poll found that a dwindling share of Republicans now described the events of January 6, 2021 as violent. In June 2021, 33% of Republicans said the attack was an “insurgency,” down from 13% today. And while 62% called it a “riot” last year, it’s now down to just 45%.

Mike Caulfield, a researcher at the UW Center for an Informed Public, said the WA poll results similarly suggest that public agreement about facts about major news events is fading over time as people withdraw into ideological silos.

“Most of the time we exist in a fragmented information environment and sometimes something breaks through, and for a moment or a day we all experience the same reality. This happened to some degree on January 6. May -to be January 7,” he said. “Looking at these numbers, what comes to mind is how quickly, outside of this urgent emergency, we are falling back into our environments of information and start living in these different realities again.”

An overwhelming majority of WA poll respondents — of all political stripes — agreed that the country should learn more about the causes and perpetrators of the Capitol attack and hold those responsible “fully accountable, including criminal prosecution.”

However, 72% of Republicans agreed with the statement that “the government is exaggerating the events of January 6 to justify political persecution of conservatives”. A majority of Democrats and independents disagreed.

In the weeks leading up to January 6, 2021, Trump annoyed his supporters with false claims that he had in fact won the 2020 election, and agitated publicly and behind the scenes in an attempt to derail the peaceful transfer. power to Joe Biden.

Thousands of Trump supporters swarmed the Capitol that day — some chanting to hang Vice President Mike Pence — crushing police and breaking into the building in an attempt to stop traditional voter certification, prompting a lockdown and a delay in voting.

The House Jan. 6 committee, led by Democrats and two Republicans who voted to impeach Trump, has in recent weeks provided dramatic testimony from former Trump White House aides and advisers, revealing Trump’s intent. ex-president to join the march to the Capitol.

It also featured moving testimonies from Georgia election workers whose lives were turned upside down by death threats after Trump and his allies, including Rudy Giuliani, falsely claimed to have inserted fraudulent ballots into the tally.

More detailed testimony has also emerged about Trump’s attempt to use tense legal arguments — rejected even by his White House lawyers — to seize state voting machines and pressure the vice president. Mike Pence to reject final election certification.

The evidence has led Democrats and anti-Trump Republicans to pressure the Justice Department to criminally investigate and indict Trump. The House Select Committee will meet again on July 21 at 8 p.m. EST.

But the revelations were mostly dismissed by Republican leaders and conservative media commentators like Fox News’ Tucker Carlson, who argued the Jan. 6 panel was engaged in a one-sided witch hunt.

That sentiment is shared by some Republican congressional candidates in Washington, including Joe Kent, who is challenging Rep. Jaime Herrera Beutler for his vote to impeach Trump over his role in the attack on Capitol Hill.

Kent called those charged in the January 6 attack “political prisoners” and suggested the FBI was behind the riot, promising to investigate if elected.

More than 800 people, including a dozen from Washington, have been charged in the Jan. 6 attack on suspicion of crimes ranging from unlawful entry to assault and seditious conspiracy. More than 300 have pleaded guilty.

Stock Week Ahead: Netflix’s Most Important Earnings Report Is Coming


A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber ? You can register here. You can listen to an audio version of the newsletter by clicking on the same link.

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Netflix, once a Wall Street darling, is suddenly on the ropes.

The streaming giant will release its second-quarter results on Tuesday, and it’s shaping up to be one of the most important moments in the company’s 25-year history.

Netflix is ​​having a terrible year. In April, the company announced that it had lost subscribers in the first quarter of 2022 – the first time this had happened in a quarter in over a decade. Netflix shares then caught fire (they are currently down about 70% so far this year), wiping out billions of dollars in market value, and the company has laid off hundreds of employees.

The loss of subscribers wasn’t the only issue that rocked the world of Netflix (NFLX) like the kids of “Stranger Things.” A weak outlook for the second quarter shocked investors: Netflix (NFLX) predicted it would lose another 2 million in the spring.

Whatever happens on Tuesday could reshape the future of the company as well as the entire streaming industry. Like Netflix, so does streaming.

“There will be hell to pay if they report a number significantly higher than the 2 million losses incurred,” Andrew Hare, senior vice president of research at Magid, told CNN Business.

The streaming market has matured and saturated, Hare noted. Investors will therefore ask themselves: “What is the next step and where will the growth come from?

Netflix is ​​pinning its hopes on a potential savior: advertising.

The company announced on Wednesday that it will partner with Microsoft on a new, cheaper, ad-supported subscription plan. Although Netflix CEO Reed Hastings has been allergic to the idea for years, advertising is now a major part of Netflix’s plans to increase revenue in the future. The new tier is reportedly coming before the end of 2022, but Netflix admits its fledgling advertising business is in its “very early days”.

The company is also focused on cracking down on password sharing and creating compelling content to help turn the tide.

But will that matter if Tuesday’s numbers are so lackluster that Wall Street is turning its back on Netflix altogether?

“Once Netflix becomes heavily undervalued by the market, all bets are off,” Hare said.

However, the streamer has some things working in its favor.

For starters, it’s still Netflix, the leader in streaming with 221.6 million subscribers worldwide. It also reports numbers in a market that has factors beyond Netflix’s control, such as soaring inflation. So he has those excuses he can count on to eventually soften the blow to investors.

“Investors will give them time to right the ship, but they need to hear more solid plans on the path to immediate growth,” Hare said. “It’s about communicating how they’re moving the business forward to make sure they continue to win in streaming…No one has the stomach for a company that’s losing millions of subscribers every quarter.”

Big banks kicked off earnings season last week, putting executives in front of investors and members of the media for questioning.

The report was quite predictable: Bank executives want to discuss things like net interest margin and building up credit reserves. Everyone else had one thing in mind: recession.

There is no denying that the economy is history and investors believe that the titans of banking are the co-authors. They want to know what will happen next.

So here’s what we’ve read so far about the state of the economy ahead.

JPMorgan CEO Jamie Dimon:

Geopolitical tensions, high inflation, declining consumer confidence, uncertainty over rising rates and unprecedented quantitative tightening and their effects on global liquidity, combined with the war in Ukraine and its adverse effects on global energy and food prices are very likely to have negative consequences for the global economy at some point.

Morgan Stanley CEO James Gorman:

We could be heading for some form of recession – and I, like many others, have tried to handicap it, but we’re frankly guessing at this point, but I think it’s unlikely to be of a deep and dramatic recession, at least in the United States. think Asia is a little behind. It depends on how COVID unfolds, and it reappears a bit in some countries. And then Europe is obviously – is fighting the hardest right now because of the war in Ukraine, because of the pressure on gas and gas prices and so on.

Jim Herbert, CEO and Founder of First Republic Bank:

The Fed needs to catch up. They’re late and they’re getting by – they’ll probably be doing it pretty quickly. So I think you’ll probably see that the recession is coming one way or another and it will stabilize a lot of the excesses. I don’t think it threatens us too much… I think we’re maybe in the second or third round of what it will take to bring inflation under control. That would be my personal opinion.

Robin Vince, President and CEO-elect of BNY Mellon:

You have all seen these paintings. The S&P 500 had its worst first-half performance in more than 50 years, the 10-year Treasury had the worst start to the year since the index began in the early 1970s. rate hikes, this is the fastest six-month tightening cycle since the Volcker era in the late 1970s. Beneath these headlines, what we’re seeing on our platforms is investors rebalancing and clearly reduce the risks. We are seeing a reallocation of assets from growth to value, higher than expected cash balances and relatively low market liquidity, making it harder for investors to shift risk.

Charles Scharf, CEO of Wells Fargo:

You really envision a number of scenarios that you need to think about and include in your modeling. And for several consecutive quarters, we have already had a significant weighting on the bearish scenario. And some of these scenarios are pretty serious, aren’t they? And so you have weights on what some might call a wild recession, more severe recessions, so you could create a lot of labels for them. But it’s a number of scenarios that have different drop severities.

Jane Fraser, CEO of Citigroup:

Although the sentiment has changed, little data I see tells me that the United States is on the verge of a recession. Consumer spending remains well above pre-Covid levels, with household savings providing a cushion for future stress. And as any employer will tell you, the labor market remains very tight.

I just came back from Europe, where it’s another story. We expect a very difficult winter to come, and this is due to disruptions in the energy supply. There is also growing concern about second-order effects on industrial production and how this will affect economic activity across the continent. And the mood is, of course, still clouded by the belief that the war in Ukraine will not end any time soon.

Monday: Bank of America and Goldman Sachs report second quarter results

Tuesday: June building permit; Netflix brings in revenue

Wednesday: June Sales of existing homes; Tesla reports earnings

Thursday: Philadelphia Fed Manufacturing Index

Friday: S&P Global Flash U.S. Compound PMI

Kiplinger’s Personal: Spending: Take home a credit card bonus | Economic news


You can rack up a slew of points by signing up for a new rewards card and spending big in the first few months.

The Chase Sapphire Preferred ($95 annual fee) recently increased its sign-up bonus to 80,000 points for new cardholders who spend $4,000 in the first three months. And those points are worth $1,000 if you redeem them for travel booked through the Chase Ultimate Rewards portal.

There are restrictions on who can access the bonus. For example, if you have already received a sign-up bonus linked to any Chase Sapphire card within the last 48 months, you are excluded from this new offer. Go to www.chase.com for more information.

The Capital One Venture X ($395 annual fee) offers a bonus of 75,000 miles to those who spend $4,000 in the first three months. Points are worth $750 when redeemed for travel purchases made through the Capital One Travel Portal. Plus, you can earn an extra 10,000 bonus miles (or $100 for travel) on every card anniversary. To see other cards with sign-up bonuses, go to www.thepointsguy.com.

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With some cards, you earn statement credit when you use the card at partner merchants. American Express, Bank of America, Capital One, and Chase all allow cardholders to earn statement credits — in addition to the rewards points they earn — if they use their cards at restaurants, stores, or agencies. travel, or to pay subscriptions. Capital One Shopping, for example, recently offered a 6% credit for renting a car from Hertz.

To access the offers, log in to your account and follow the instructions. Deals usually rotate, so it’s best to check back periodically.

Gas prices have been stubbornly north of $4 a gallon. A gas rewards credit card can help. The Abound Credit Union Platinum Visa offers 5% cash back on fuel purchases paid at the pump. Sam’s Club members should consider the Sam’s Club Mastercard; it offers a 5% cashback on up to $6,000 spent each year at eligible gas stations (membership starts at $45 per year). American Express Blue Cash Preferred ($95 annual fee, waived the first year) offers a 3% cashback on gas purchases.

Your local grocery store may also offer a discount on fuel. Giant, for example, offers 10 cents per gallon off for every 100 points you earn through its fuel program with Shell. You earn one point per dollar spent and you can redeem a maximum of 1,500 points per fill-up. Points expire 30 days after they are earned.

FPL Technologies News: FPL Technologies set to become the newest fintech unicorn

Credit card-based fintech company FPL Technologies, which operates the OneScore credit-scoring platform and issues credit cards under the OneCard brand, has received approval from its board of directors to raise 802 Rs.49 crore (about $100.5 million) in financing fees, regulatory documents filed with the Department of Corporate Affairs showed.

The funding is expected to value FPL Tech at approximately $1.4 billion, people familiar with the fundraising talks told ET on condition of anonymity.

That’s nearly double the $750 million valuation when it last raised $75 million in its Series C funding round in January.

At an Extraordinary General Meeting held on July 11, the Company’s Board of Directors passed a resolution to issue 10 shares and 2,68,891 cumulative, non-redeemable, compulsorily and fully convertible Series D Preferred Shares, each with a premium of 29,813.62 rupees per share.

The final round is expected to wrap up later this month, the sources said.

Singapore’s Temasek, through MacRitchie Investments, is leading the round and has invested around 375 crore rupees ($46.9 million) in the company, according to filings.

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Existing investors Sequoia Capital, Matrix Partners, Hummingbird Ventures and QED Investors also participated in the funding round.

The Entrackr news site was first to report the development on Wednesday.

The Reserve Bank of India (RBI) has sought to actively regulate the space and issued issuance and conduct guidelines for debit, credit and co-branded cards in April.

Founded in 2019, FPL Technologies operates the digital credit scoring platform, OneScore, and has a total of 10 million registered users using the solution. Its key offering includes a physical and virtual credit card, OneCard, which it issues in partnership with banks.

It launched OneCard in June 2020.

The startup has partnered with

SBM India as well as Bank and is looking to add four banking partners in the coming months.

In January, FPL Technologies had 250,000 OneCard customers and facilitated nearly Rs 450 crore in monthly spend on its user base. He planned to increase issuance to one million cards by October.

Unlike several other buy now, pay later (BNPL) card issuers such as Uni, Slice and LazyPay, FPL Technologies works directly with banks to issue these cards and disburse co-branded credit cards, instead of working with non-bank financial companies (NBFC).

Stay on top of tech news and startups that matter. Subscribe to our daily newsletter for the latest must-have tech news, delivered straight to your inbox.

Nearly 90% of Americans report inflation anxiety, poll finds

  • A new poll from the American Psychiatric Association (APA) shows that anxiety about inflation and loss of income is rising among Americans, especially Hispanic adults, mothers, millennials and Gen Z.
  • The survey indicates that COVID-related anxiety decreases as stress related to social determinants like income insecurity increases.
  • Experts suggest people can turn to community support organizations and that it is important to recognize the signs of stress and know when to seek help.

A new poll suggests the ongoing COVID-19 pandemic isn’t the biggest worry Americans face.

According to results from the American Psychiatric Association’s (APA) monthly Healthy Minds survey, nearly 90% of U.S. residents report feeling anxious or very anxious about inflation, an increase of 8 percentage points from compared to the previous month.

With inflation at its highest level in 40 years, the APA poll also found that more than 50% of Americans are worried about a possible loss of income.

“Healthy Minds Monthly shows us that the economy appears to have supplanted COVID as a major factor in Americans’ daily anxiety,” APA President Rebecca Brendel, MD, said in a statement.

The poll was conducted between June 18 and 20, 2022, and surveyed just over 2,000 American adults.

According to the APA survey, anxiety related to COVID-19 continues to decline.

COVID-related anxiety has risen from 49% to 47% among all Americans since May, and 16% (from 63% to 47%) among black Americans over the same period.

However, some groups were also more worried than average about the loss of income.

The poll found that 66% of Hispanic adults, 65% of mothers, and more than 60% of millennials and Gen Z were among the groups most likely to worry about losing income. (Nearly half of Gen Zers were also concerned about gun violence.)

“If you look at scientific measures of social stress or social vulnerability, the factors associated with increased risk of poor health are all affected by financial stress,” said Dr. Timothy B. Sullivan, chair of psychiatry. and behavioral sciences at Staten Island University. Hospital, which is part of Northwell Health in New York, told Healthline.

“We know that social vulnerability or the social determinants of health have a large and often invisible impact on physical and mental well-being,” he continued.

According to Sullivan, when people feel a loss of control over important things in their daily lives, it not only causes psychological distress, but over time it can also have detrimental effects on their physical health.

“The recent APA Stress in America study found that 72% of Americans said they felt stressed about money in at least the past month,” said Carmen Nicole Katsarov, LPCC, CCM, executive director of Behavioral Health Integration at CalOptima in Orange County, California.

She pointed out that as a low-income health plan, CalOptima sees the impact of financial stress on its members, both physically and psychologically, on a daily basis.

“When someone has a diminished ability to pay for the basic things of life, like food and shelter,” she said, “it can lead to feelings of hopelessness and hopelessness that can increase the likelihood of a serious mental health problem, especially when someone sees no way out of their situation.

Katsarov added that this has been associated with an increase in suicidal thoughts or actions. “Chronic stress can impact all areas of a person’s life, including self-esteem, work, and personal relationships,” she said.

“Psychiatrists, as well as other health professionals, need to be reminded to pay attention to the social determinants of health, which often receive less attention than what we consider to be typical psychological stressors,” said Sullivan.

He highlighted the benefits of building a support network to help manage stress.

“What’s important is understanding the signs and consequences of stress, working to build a support network at work and at home,” he said. “And ask for help when you feel you’re struggling.”

When distress becomes dangerous

Sullivan said if loved ones are worried about a friend or family member, they can encourage the person to seek help if they’re worried about their safety and well-being.

“Whether to speak to a mental health professional depends on whether a person is unable to cope with daily responsibilities or whether they are experiencing such mental distress that is dangerous,” a- he added.

There are several ways to deal with the stress and anxiety caused by financial strains due to inflation.

Lean on your friends and family

Sullivan said sharing concerns about financial stress with friends or family is often a good way to start.

“There’s nothing wrong with leaning on family and friends for support,” he said, adding that it’s important to let loved ones know you’re experiencing stress and that you need their support.

Seek professional help

Connecting with a mental health professional can also be helpful in managing financial stress. However, the decision to seek professional help depends on the severity of the impact of financial stress on a person.

Work with a financial planner

For those who can afford it, hiring a financial planner could pay off. Katsarov said some people might have access to a financial planner or credit counselor through their benefits.

Connect with the community

According to Katsarov, community organizations can help connect people to available government or state assistance programs, such as rental assistance, utility assistance and food resources.

“Community organizations can help people who don’t have access to traditional financial resources,” she added.

While it’s important to stay informed about what’s going on in the world, especially when it comes to the economy, the constant flow of negative information in the media can also increase anxiety and stress.

“It can be helpful for many to limit the amount of information by setting certain times of the day to absorb it,” Katsarov recommended. She said too much negative information can cause a range of physical and emotional reactions, including:

  • anxiety
  • headache
  • trouble sleeping or lethargy
  • sadness and sorrow
  • feelings of withdrawal

Although COVID-related anxiety in the United States seems to be waning, many Americans are worried about inflation and the potential loss of income.

If rising gas prices and the cost of living are making you anxious, remember that there are community organizations you can count on for support, in addition to your loved ones.

More importantly, it helps to know the signs of stress and anxiety and to seek help when you are experiencing emotional difficulties due to financial constraints.

8 Best Payday Loans No Credit Check: Get Loans No Credit Check Online With Same Day Approval

Payday loans and no credit checks are popular forms of financing. This type of financing remains both quick and accessible, although it is not always possible to find them because the majority of lenders in the United States follow regulatory guidelines and carry out credit checks. But what’s important to consider is that low FICO scores and a bad credit history don’t always prevent you from getting a loan. This article covers the best payday loans no credit check in detail, going through a selection of reputable loan brokers before outlining how to apply for the best payday loan for you.

8 Best Payday Loans No Credit Check – Quick Overview

  1. Viva Payday Loans – Overall best for payday loans no credit check
  2. Low Credit Financing – Best for Payday Loans No Credit Check Guaranteed Same Day
  3. Green Dollar Loans – Best for Quick Payday Loans
  4. Big Buck Loans – Instant loans without credit check
  5. Credit Clock – Ideal for same day loans with no credit history
  6. Money Lender Squad – Ideal for borrowing money online without a credit check
  7. Heart Paydays – Ideal for installment loans without a credit check
  8. Very happy loans – Best for No Credit Check Loan Alternatives

Best Payday Loans No Credit Check – 2022 (Top 5)

1. Viva Payday Loans – Best Broker Overall

Projector wire

Viva Payday Loans is one of the best choices for people looking for payday loans with no credit check. While this provider cannot guarantee these loans due to US regulations, they can help facilitate short-term financing up to $5,000 – with APRs starting at just 5.99%.

Another attractive factor of the Viva Payday Loans service is that repayment terms vary from 3 to 24 months – with no upfront fees or hidden costs.


  • Flexible repayment
  • No hidden fees
  • Offers loans up to $5,000

The inconvenients:

  • Loans are not available in New York

2. Low Credit Financing – Best for Bad Credit Loans

low credit financing (1)Projector wire

Low Credit Finance is another popular payday loan provider, accepting all types of credit and offering same-day decisions. What else? Funding can be sent in just 60 minutes if an application is successful. No paperwork is required to apply with Low Credit Finance, and no hidden fees are charged during the process.


  • Extensive network of lenders
  • No application fees
  • Same day decision

The inconvenients:

  • Online Payday Loans No Credit Check Might Not Be Possible

3. Green Dollar Loans – Best for Quick Payday Loans

Green dollar loansProjector wire

Green dollar loans are another go-to option for people looking to acquire small payday loans online with no credit check. Although lenders may perform credit checks according to US regulations, this provider can help you find what you’re looking for, as they offer fast loans with APRs starting at 5.99%.

Financing between $100 and $5,000 is available, all types of credit may apply.


  • All credit types supported
  • APRs start at 5.99%
  • Fast application process

The inconvenients:

  • Loans are unsecured

4. Big Buck Loans – Instant Loans No Credit Check

Big Bucks loan (1)Projector wire

Big Buck Loans is a popular payday loan provider because it supports all FICO scores. Successful applicants can have funds transferred in as little as 15 minutes – with loans of up to $5,000 available. This provider also features several customer testimonials, highlighting their positive experience when obtaining financing.


  • Several customer testimonials
  • All FICO scores are welcome
  • Wide range of financing

The inconvenients:

  • The decision is up to the final lender

Disclaimer: Although Big Buck Loans does not check your credit, your credit may be checked by one or more of their lending partners and third party credit bureaus when you submit your application or at a later date. Further information can be found in the terms and conditions.

5. Credit Clock – Best for Same Day Loan

Custom credit clock (2)Projector wire

The final participant in this discussion is Credit Clock. This provider connects borrowers and lenders through a convenient online portal, offering an application process that only takes two minutes. Credit Clock can facilitate up to $5,000 in financing and offers repayment periods of up to 24 months – with the possibility of same day decisions.


  • Quick requests
  • Repayment period up to 24 months
  • Same day decisions

The inconvenients:

  • Not available in some US states

What are no credit check payday loans and how do they work?

As the name suggests, fast, no credit check payday loans are an ideal form of accessible financing for people who need a quick payment. These loans can be applied for online using the providers listed above, with an all-digital application process that can take as little as two minutes.

Although payday loans without credit checks are not always possible in the United States due to current legislation, it is still quite easy to apply for short-term financing, regardless of credit history or FICO score. . As long as you’re over 18, a US resident, have a checking account, and can show a steady monthly income, these loans can be applied for – with some providers even offering same-day money transfers.

How to Apply for a Payday Loan No Credit Check in Quick Steps with Viva Payday Loans

  • Step 1: Choose your loan amount – Decide how much you want to borrow ($100 to $5,000) and choose your repayment period (2 to 24 months)
  • Step 2: Complete the application form – Complete the quick request form.
  • Step 3: Wait for a decision – A lender will provide a decision within minutes or suggest an alternative source of financing.
  • Step 4: Get your loan – Since same day online payday loans without credit checks may not be possible due to US regulations, the lender may perform a credit check. If all goes well, financing can be provided the same day.

Payday loans without credit check features and factors to consider

Here are some criteria to keep in mind when looking for payday loans without a credit check:

Flexible repayments: Many payday loan providers offer flexible repayment schedules, ranging from 2 to 24 months.

Quick Decisions: All of the payday loan brokers on our list offer quick decisions in as little as two minutes.

Built-in loan calculator: When searching for the best payday loans no credit check, many platforms offer an online loan calculator detailing possible repayments for a potential applicant.

How did we choose the best payday loans without credit check providers?

We used the following criteria in our review of online payday loans no credit check:

  • All FICO scores are welcome
  • Different repayment terms
  • Loan calculator on the site
  • No upfront/hidden fees


In summary, this article has discussed payday loans no credit check in detail, highlighting what they are and if they are possible in today’s market.

Borrowers looking to acquire a payday loan fast can do so by partnering with Viva Payday Loans. This provider works with a network of top quality lenders, ensuring a streamlined application process for everyone.


How do I apply for small payday loans online without a credit check?

Borrowers looking for payday loans no credit check can partner with any of the providers listed in this article – although they cannot be guaranteed due to current US regulations.

Are 1 hour payday loans without a credit check possible?

These types of loans may not be possible in the United States since regulatory guidelines, but a bad credit history isn’t always a barrier to getting a loan.

Can I get payday loans without credit check in the USA?

Lenders might ask for a credit check before making a decision, because in the United States it is mandatory to follow the guidelines, but people with bad credit or no credit history can still get a loan.

Disclaimer: The lending websites reviewed are correspondent lending services, not direct lenders. Therefore, they are not directly involved in the acceptance of your loan application. Applying for a loan with the websites does not guarantee acceptance of a loan. This article does not provide financial advice. Please seek the assistance of a financial advisor if you need financial assistance. Loans are available only to US residents.

So far, it’s been a bad year for municipal bonds

“Everyone expected state and local governments to suffer more from Covid than they did,” said Amanda Beck, an accounting professor at Georgia State University in Atlanta. “But they got a lot of federal relief money, and that made up for the revenue drops. Also, property values ​​have not fallen, so tax revenues have not fallen as much as expected. »

The higher yields mean that municipal bond funds and ETFs are generating better income than they have in some time.

“When you’re offering 2% yields, it’s no fun for anyone, and the market has been like that for a long time,” said Jim Murphy, municipal bond team leader and portfolio manager at T. Rowe. Price. “I haven’t seen great value in the market for a long time, but I think the market now, with higher rates, is healthy.”

By the end of June, T. Rowe Price’s oldest municipal bond fund, its tax-free income fund, was paying a 3% yield, down from 2.4% at the end of December. A fund that Mr. Murphy manages, a high-yield municipal offering that invests “a substantial portion of the assets” in junk bonds, was paying 3.4%.

Vanguard called the surge in municipal yields this spring a “renaissance of tax-exempt income.”

Paul Malloy, head of municipal investments at Vanguard, said rising yields should benefit patient investors over the long term.

“One of the things we frequently see in municipal markets is a herd effect and people are looking for yields going up and then down, saying, ‘Oh no, I better go. . This kind of market timing is something we constantly warn municipal investors about. »

Why You Should Be Careful With 0% Introductory Offers


Recently, a friend of mine bought a house and learned the hard way that owning a house means taking on a world of unexpected expenses. Through a series of immediate home repairs, she found herself in a situation where she had to finance the purchase of a piece of furniture or potentially spend her first few months in her new home without a kitchen table. (she does Is have money in it savings she can type, but she wants to reserve that money for emergencies.)

Just before buying her house, my friend decided to apply for a credit card with a 0% Introductory Financing Offer. She then used her new card to cover the cost of her furniture. Since she gets an 18-month reprieve from interest payments and saves money on every paycheck she receives, there’s a good chance her balance will be paid off in full at the end of the day. end of its introductory period.

But not everyone is able to repay their debts so quickly. And that’s why you have to be careful with 0% credit card introductory offers – especially these days with rising interest rates.

How to improve your credit score: Tell your card issuer if you got a raise.

Dealing with record inflation: Americans have opened a record number of credit cards

Don’t get stuck paying more

Calling the 0% introductory rate is simple, because it’s essentially a free pass to pay no interest for a certain period of time. You may decide to take advantage of one of these offers if money is tight right now but you expect a short-term windfall (like a work bonus or a tax refund). Or, you can decide to use a 0% introductory rate credit card for purchases you can pay for with your savings so you can leave your money alone and let it earn interest.

However, while jumping on a 0% financing offer may be a good decision for some people, for others it may be a dangerous thing – namely, because you could easily end up with high interest charges. if you do not pay your balance before the end of your introductory period. In fact, you may find that the interest rate you face on a card with a 0% introductory offer is higher than the interest rate on your other credit card.

Bad credit may not stop you from buying a home: But is it a good idea?

Additionally, credit card interest rates are currently on the rise due to interest rate hikes by the Federal Reserve. And so, if you charge spend on a 0% introductory rate card and don’t pay your balance in full when the introductory period expires, you could really end up losing a lot of money. in interest over time.

Don’t get in over your head

A 0% introductory offer may seem tempting. But resist the urge to finance a 0% interest purchase unless it’s absolutely necessary.

In my friend’s case, she charged her expenses to a credit card because she wanted to maintain better cash flow and because she knows she usually saves enough money each month to pay off her balance before the end of its 0% APR period. But if you can’t say the same, it’s better to avoid these offers, as tempting as they are.

Motley Fool Offer:Check out The Ascent’s best credit cards for 2022

We are firm believers in the Golden Rule, which is why editorial opinions are our own and have not been previously reviewed, approved or endorsed by the advertisers included. The Ascent does not cover all offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The Motley Fool is a USA TODAY content partner offering financial news, analysis and commentary designed to help people take control of their financial lives. Its content is produced independently of USA TODAY.

I learned the ethics of good value growing up, but I wish I had known more

  • I grew up working class and learned a good work ethic from my parents.
  • But I didn’t learn much else about money, because I’m sure my parents didn’t know anything about financial services.
  • Working for a personal finance startup opened my eyes to the ways I could use money to thrive.

When I was around 8 or 9 years old, my parents gave my sister and me our first allowance. We were each responsible for a rotating set of weekly chores, and we each received $3 a week to complete them.

When I was 10 or 11, they stopped the allowance program.

Our parents realized that using money as an incentive meant that we could lose the week’s pay if we didn’t want to do the housework on our list. We were primary school children with parents to feed us, clothe us and house us, so we didn’t need any money. The novelty of erasers and airheads from the school store wore off quickly, and the silver didn’t have much shine.

But the housework still had to be done.

So they withdrew the allowance and instituted a “You do chores because we told you to do chores” policy in its place.

This is the first time I can remember learning anything about money from my parents. Lesson? You work because the work must be done.

We are a rural working family from the Midwest. In our part of Wisconsin, with its German roots and farming families, the work ethic is our moral code.

My parents didn’t teach us much about our country’s financial systems – because, I guess, they were just as much in the dark about them. like most americans are. We haven’t talked about financial services, because they’re not designed for people like us, who weren’t born rich, like my parents said.

My parents taught us to work and that shaped everything I believed about money.

What a “good work ethic” means for your finances

Because it’s in my DNA, I can’t help but consider a strong work ethic a virtue. My efficiency, stoicism and perseverance have earned me the life my parents hoped to have – a life where I earn double what they earned at my age and have the adventures they delayed for us. raise.

But the glorification of the work ethic is insidious. It underpins the millennial hustle culture and ridiculous politics that has stuck us with a federal minimum wage that hasn’t budged in over a decade.

“You do the work because it needs to be done” is the attitude that silenced my mother when she knew she was making less money than her male colleagues while doing more work and honing more skills. to stand out. It motivated my stepfather to be promoted to supervisor in his manufacturing job, only to lose all his union protections — and to turn his bitterness against union workers instead of the system that pits him against them. This convinced my father not to pursue payments due for his construction work, even when his electricity was out.

Operating according to the work ethic means you get by with what you get.

Which does

money management

a matter of discipline. You don’t expect more, you don’t spend more than you earn, and you never ask for help.

(Because we are white and able-bodied, we were inherently trained to believe that paid work would be available as long as we were willing to do so.)

Overcoming the internalized budgetary culture

My parents’ disciplined approach to money is pretty much in line with the maxims of budget culture – the mindset that good money management means restriction and deprivation, and financial well-being is about hoarding what you have.

I internalized everything – work hard, ask for nothing, spend nothing, do it yourself. But I didn’t adopt the behaviors. Instead, I became an adult who was bad with money.

I took out student loans for college and quickly ignored them as soon as I left campus. I maxed out one credit card by 24 and stopped asking for more. I lived paycheck to paycheck – spending when I had it and cutting back when I didn’t. I didn’t know my

credit score

. I paid 11% interest on a seven-year loan for an $8,000 used car. I paid the maximum security deposit to move into new apartments.

I believed that being good with money meant being content with a boring job and giving up any luxuries or comforts until retirement, and I didn’t want to live that way. The other option seemed to be to throw everything out the window, put my head in the sand and hope for the best.

In 2015, I got my first full-time job as an editor at a personal finance media startup, and everything I believed about money changed. I made a solid living doing creative work that I loved. Also, because of the niche, I was gaining an understanding of financial systems and services that helped me make decisions about money that had nothing to do with discipline or restriction.

I figured out how to have a better relationship with money – on my own terms.

What I wish I had known about money sooner

I will always be grateful for the work ethic I learned from my parents… and I wish I had understood the nuances of money a little earlier in life.

I don’t blame my family or my community for this. Our education system is generally lacking, and it barely rated financial literacy until my generation was done with school. My parents taught me what it takes to thrive when you weren’t born rich.

As an adult, I fought against these lessons until I realized that I didn’t have to put my head in the sand to feel good about money. I could find easy ways to stay on top of my finances without working hard on a budget or sucking all the fun out of my life.

I learned to use my interests and skills to get paid well for a job I loved. I learned to be ambitious. In the world of startups, I’ve learned to expect a level of employee well-being and benefits, so I’ll know to ask for more in the future.

I learned to pay myself first, so I could work on financial goals and spend money for comfort and joy at the same time. I learned that online banking and finance apps can handle the most annoying parts of money management for me.

I learned that finance is a spectrum, and not everyone’s definition of “thrive” is my definition of thriving. I can manage my debt, my savings and my long-term planning as I see fit – and there is so many ways to do it without clashing with financial service providers.

I’ve learned to value my time and my sanity, so I don’t feel guilty when I eat out, pay someone to clean my house, or take a Lyft at the airport. I’ll be happy to rent forever so I’m not the one dealing with a broken washing machine. I will still fund my travel fund, but my IRA may have to wait.

Money shouldn’t be a barrier

When you weren’t born rich, the messages you receive from your community and the culture in general tell you that you don’t deserve it. You’re not meant to do exciting work, earn a living wage, create wealth, enjoy the good things, or live without financial stress. You will work hard and earn money; it’s just the hand that was dealt to you.

Through a bit of financial literacy, I learned that there are a ton of ways to be good with money.

I work hard and expect to be paid well. I spend money, because that’s what it’s for. I use credit cards and loans to ease financial burdens, and I pay them back in a way that matches the life I have designed.

I’m a product of my working-class roots, but I don’t have to follow the rules they taught me.

Child tax credit: Proposal calls for new monthly payments, but report cites ‘weaknesses’ in plan


(NEXSTAR) – Millions of families with children were able to benefit from the expanded child tax credit under last year’s pandemic relief bill, meaning they received a payment monthly up to $300 per child. Some lawmakers are now hoping to bring back those monthly child tax credit payments, despite concerns from a nonpartisan agency.

The child tax credit was expanded as part of President Joe Biden’s $1.9 trillion coronavirus relief package. Since the payments were first made in July 2021, about $93 billion in payments have been made to tens of millions of families, according to the Treasury.

A trio of senators — Mitt Romney (R-UT), Richard Burr (R-NC), and Steve Daines (R-MT) — recently proposed the Family Security Act 2.0 intended to provide some families with monthly checks, calling it a “pro-family, pro-life and pro-marriage.

Under the proposed plan, families would receive $350 per month for each child 5 and under, or $4,200 per year, and $250 per month for children ages 6 to 17, or $3,000 per year. Benefits would be limited to a maximum of six children each year, and families would need to earn $10,000 the previous year to qualify for full benefits.

Those earning less than $10,000 each year would receive a benefit commensurate with their earnings. For example, a family earning $5,000 would receive 50% of the maximum child tax credit, the CBPP explained.

The Center on Budget and Policy Priorities, a nonpartisan research and policy institute, called the Republican proposal a “welcome development” but noted that it “has significant weaknesses.”

“Specifically, while this would increase the credit for most children in low-income families, children in families with no income in a year would get no credit, while millions more children in low-income families very low income would only get partial credit,” says a report from the institute. “And, low- and middle-income families are expected to pay much of its cost through a major reduction in the Earned Income Tax Credit (EITC) and other offsets, leaving millions of children in dire straits. worse than they would be without the Romney plan. .”

The report adds that the Family Safety Act 2.0 “falls short of the bailout expansion” of 2021 because it does not make “full credit available to families with little or no income”. The reduced EITC and “head of household” status are also major downsides to the plan, according to the CBPP.

The CBPP estimated that about 7 million families earning less than $50,000 would be worse off under the proposed plan than under the current law. This would affect approximately 10 million children. Overall, due to reductions in EITC and head of household status, if the proposed plan were approved, the average family could lose more than $800, CBPP reported.

Still, the institute welcomes the plan to phase in credit after the family earns its first dollar — not the $2,500 required by current law — and the elimination of the cap on the amount a family can receive reimbursement.

As it stands, there are no advanced monthly payments and families can receive $2,000 per child under 17, CNBC explains.

The Associated Press contributed to this report.

Health First Colorado Releases Analysis of Emergency Department Utilization – State of Reform

New analysis provides key insights into access to care challenges and opportunities

Denver, CO – Today, the Department of Health Care Policy and Financing (Department) released a never-before-seen analysis of use of emergency services (ED) (sometimes called an emergency room) among members of Health First Colorado (Colorado’s Medicaid program). High rates of non-emergency emergency service use can be costly, but more importantly, it can also indicate that members may have difficulty accessing preventative care, facing challenges managing illnesses chronic conditions or experiencing unmet social and economic needs (eg, stable housing) that exacerbate health conditions.

Get the latest information on state-specific policies for the healthcare sector delivered to your inbox.

Identifying these problems allows the Department and its Responsible regional entities (RAE) to work with providers and members to find opportunities to improve health outcomes while saving Colorados money on health care.

“Reducing the use of non-emergency emergency services has been and will continue to be a Department priority. It requires a nuanced understanding of the complex reasons why people go to the ER,” said Department Executive Director Kim Bimestefer. “This report will help the Department and our partners better understand which members are using the ER, why they choose to go to the ER instead of their primary care physician, and what barriers to primary care they may be experiencing. This information will help us design more effective health access and improvement strategies in the future.

Since 2018, the Department has been tracking emergency service utilization at the RAE level, as RAEs are responsible for coordinating member care and ensuring members are connected to primary and behavioral health care. The RAEs are mandated to develop strategies that meet the needs of members in their region in collaboration with the Department.

According to the report, approximately 25% of Health First Colorado members rely on the emergency department for care at some point each year. The reasons members use the emergency department are as diverse as the population of Health First Colorado itself. Here are some of the main conclusions of the analysis:

  • Four percent of members visited the ED six or more times in a 12-month period and accounted for more than 20% of ED visits. A significant portion of this group was homeless.
  • Potentially preventable ED visits, such as uncontrolled diabetes, represent a small percentage of all ED visits (5%); however, these conditions can often be treated and managed more appropriately in primary care settings.
  • Other reasons why members end up in the emergency room for potentially avoidable visits include limited access to after-hours care, work and transportation challenges, cost and expense reasons. efficiency, and even the perception that the ED can provide better care.
  • Pregnant members tend to have higher rates of emergency department use on average, while children have some of the lowest rates of emergency department use.
  • The reasons members went to the ER changed during the pandemic
  • While respiratory infections dropped significantly in the first few months, emergency room visits for substance use issues became more common in the first year of the pandemic.
  • Mental health emergencies for adolescents and foster children are also featured in the ED, although further analysis is required.

The report outlines several challenges and opportunities for reducing emergency department use while promoting high-quality care in the appropriate setting. Examples include what RAEs, providers and community groups have done to implement targeted efforts, particularly for people with chronic conditions and unmet housing needs. The report also includes detailed appendices with emergency service usage for specific member groups. The Ministry will continue to monitor emergency department use to determine how trends may change over time.

This press release was provided by the Colorado Department of Health Care Policy and Funding.

Hyperface, Bangalore’s Credit Card-as-a-Service Platform, Raises $9M in Funding Round


Hyperface, a Bengaluru-based modern transaction lending platform, announced that it has closed a $9 million seed funding round led by 3one4Capital with participation from existing investors including Global Founders Capital and Better. Capital, and new investors Flipkart Ventures, Groww, and Rebalance the Angel Community.

In an official statement, Hyperface said it would use the funds to bolster its credit card-as-a-service product and build a strong team. The startup has already raised investments from top angel investors including Kunal Shah, Amaara Capital, GFC and Better Capital.

Founded in 2021 by Ramanathan RV (previously co-founder of Juspay) and Aishwarya Jaishankar, a seasoned banker who has led digital initiatives at multiple banks, Hyperface is designed to simplify the launch of credit cards and pay for subsequent issuances at scale. .

For businesses, launching a credit card program today takes up to 12 to 18 months for a brand. Hyperface claims to remove all technical work from backend API integrations and bureaucracy to cut launch time 10X. With Hyperface, brands can create their own bespoke credit program in “weeks”.

CEO of Hyperface Ramanathan RV said: “Hyperface is deeply committed to the idea of ​​integrated finance and accelerating credit inclusion in India. We feel very fortunate to have collaborated with 3one4 capital, Flipkart Ventures, Groww and others on a journey to the next big evolutionary shift in the financial services landscape.”

Speaking on the investment, Pranav Pai, Managing Partner of 3one4 Capital, the lead investor, said, “Credit Card Program Management is a uniquely valued fintech vertical that brings together multiple stakeholders to support differentiated user experiences. The Hyperface team channeled their deep domain expertise to build the definitive platform in space. We are thrilled to partner with Ram and Aishwarya on their journey to lead this evolution in digital financial services.

Hyperface recently launched the AU LIT Card, a customizable credit card in partnership with AU Bank. The LIT Card was powered by the Hyperface Smart Benefits Engine, an exclusive innovation that enables credit card issuers and co-brands to build the right value proposition for their customers.

From instant cash back to accelerated rewards points, from lounge access to stage-based voucher rewards, the Hyperface smart engine empowers customers to choose and manage the right credit card program. This product claims to have received an excellent response from the credit card industry.

Aishwarya Jaishankar, co-founder of Hyperface, said, “With less than 5% of customers in India having credit cards and the growing trend towards integrated finance, co-branded credit cards are here to stay and we aim to giving banks and brands the right and compliant technology to launch and scale them.

According to Ravi Iyer, Senior Vice President and Head of Business Development, Flipkart, Flipkart is committed to nurturing businesses with potential and supporting their growth to help grow the digital commerce industry in India.

“Hyperface’s capabilities are extremely relevant in the Indian context as digital businesses increasingly seek to improve credit offerings for customers. Backed by an experienced team, Hyperface’s offerings aim to reduce the time it takes for businesses to seamlessly integrate fintech offerings, and we’re excited to be able to support them as they grow,” said Ravi.

Edited by Teja Lele Desai

The difference between USDA and FHA loans


USDA vs. FHA Loans: What’s the Difference?

USDA and FHA loans are both government guaranteed loans, which means that instead of being purchased by Fannie Mae or Freddie Mac, your mortgage will be guaranteed by a government entity. The similarities between them, however, end there for the most part.

A USDA loan is a loan guaranteed by the United States Department of Agriculture (USDA). These loans are intended to help low to middle income people in rural areas access home ownership at an affordable cost. Because the USDA backs these loans, homebuyers can get lower interest rates and more favorable loan terms than they might get with a conventional mortgage.

An FHA loan is a loan guaranteed by the Federal Housing Administration (FHA). These loans are for aspiring low to median income homebuyers looking for an affordable loan for a primary residence. Although you don’t have to be a first-time home buyer to qualify, FHA loans are a popular choice with first-time home buyers.


To qualify for a USDA loan, most lenders require you to have a credit score of at least 640, although this number can vary. Since USDA loans are intended for low-income borrowers, there are income requirements: your adjusted gross income cannot exceed 115% of the median income in your area.

Beyond that, you must also live in an area eligible for a USDA loan in the first place. Only areas considered “rural” will be eligible. You can check if your region is eligible by visiting the USDA website.

To qualify for an FHA loan, you generally need a credit score of at least 580. Some lenders will allow a score of 500 with a down payment of at least 10%. There are no income requirements for an FHA loan, but you will need to prove that you have a stable source of income by providing W-2s, payslips, etc.

Approval process

To be approved for a USDA loan, you will need to provide all the usual documents to get a loan, such as your credit score, proof of income, monthly debts, etc. Before you can close, you will also need to get an appraisal to certify that your home is located in a USDA eligible area, is habitable, connected to roads, and is being sold for fair market value.

When approving a USDA loan, keep in mind that the process of obtaining your loan may take longer than obtaining an FHA loan. USDA loans are underwritten twice, once by your lender and then again by the USDA. Depending on the level of your credit score, your loan may go through manual or automatic underwriting. Manual subscription may take longer.

You can expect your loan to close in 30-45 days, typically. When you borrow your mortgage, the USDA 2022 loan limit in most areas is $336,500. However, this amount can vary by county, and in high-cost areas the limit can be as high as $970,800.

To be approved for an FHA loan, you will also need to provide your income, credit score, etc. As with a USDA loan, you will also need to get an appraisal. With an FHA loan, however, you will need a specialized appraisal known as an FHA appraisal. The purpose of this examination of your home is not only to determine the value of the home, but also to ensure that the home meets the health and safety standards of the United States Department of Housing and Urban Development (HUD) .

You can also expect your FHA loan to close in about 30-45 days, although it may take less time depending on your situation. As for how much you can borrow, the lowest FHA loan limit may be 65% of the national compliant loan limit. For 2022, it’s $420,680.

In high cost areas, however, the loan limit can be as high as $970,800. Lending limits vary from county to county, so in many areas the limit may be somewhere between these two numbers.

Payday Loans Market Report 2022-2027: Creditstar, Lending Stream, Myjar


payday loan

OREGAON, PORTLAND, USA, July 12, 2022 /EINPresswire.com/ — Allied Market Research has released a report titled, “Payday Loans Market by Type (Storefront Payday Loans and Online Payday Loans), Vital (Married, Single, and Others) and Client Age (Under 21, 21-30, 31-40, 41-50, and Over 50): Global Opportunity Analysis and Industry Forecast, 2021-2030 “.

The report offers an in-depth analysis of drivers and opportunities, key segments, major investment pockets, competitive landscape and value chain. These data, statistics and information will prove useful to market participants, shareholders, new entrants and investors to have market insights and adopt various growth strategies.

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The research provides a comprehensive analysis of drivers, restraints, and opportunities in the global payday loans market. This information is valuable for identifying driving factors, highlighting them and implementing strategies to help achieve sustainable growth. Additionally, market players, investors, and startups can use this information to determine new opportunities, explore market potential, and gain competitive advantage.

The report provides a detailed impact of the Covid-19 pandemic on the global payday loans market. This information will help market participants, investors and others to change their strategies accordingly to deal with the pandemic and stay in the market.

Key market segments include:

• By type
o Storefront Payday Loans
o Online payday loans

• By marital status
o Married
o Others

• By customer age
o Under 21
o 21 to 30
o 31 to 40
o 41 to 50
o More than 50

A detailed analysis of each segment and sub-segment is provided in the report. Tabular and graphical formats are used to allow better understanding. This analysis is valuable in identifying the most dynamic and revenue-generating segments. It will help market players adopt various strategies to achieve sustainable growth.

Customization Request @ https://www.alliedmarketresearch.com/request-for-customization/10377?reqfor=covid

The research offers a detailed analysis of the global payday loans market for each region. The regions analyzed in the study include North America (United States, Canada and Mexico), Europe (Germany, United Kingdom, Russia, Spain, France and Italy), Asia-Pacific (China, Japan, Korea, India and rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa). The data and statistics mentioned in the research are valuable in determining strategies such as expanding into specific regions and exploring untapped potential in different markets. AMR also offers customization services for specific region and segment as per customer requirements.

Main benefits for stakeholders
• This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the 20WW-20MM Operating Room Equipment market analysis to identify current opportunities in the equipment market of operating room.
• Market research is offered with information related to key drivers, restraints and opportunities.
• Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
• In-depth analysis of operating room equipment market segmentation helps to determine existing market opportunities.
• Major countries in each region are mapped according to their contribution to global market revenue.
• Positioning of market players facilitates benchmarking and provides a clear understanding of the current position of market players.
• The report includes analysis of regional and global operating room equipment market trends, key players, market segments, application areas and market growth strategies.

Interested potential key market players can inquire for purchase of the report at: https://www.alliedmarketresearch.com/purchase-enquiry/10377

The report offers a detailed analysis of key market players operating in the global Payday Loans Market. Key market players analyzed in the report are Cashfloat, CashNetUSA, Creditstar, Lending Stream, Myjar, Silver Cloud Financial, Inc., Speedy Cash, THL Direct, Titlemax, and TMG Loan Processing. They have implemented various strategies including new product launches, mergers and acquisitions, joint ventures, collaborations, expansions, partnerships and others to achieve growth and gain an international presence.

The adoption of the payday loan market is increasing significantly in recent years due to its usefulness and efficiency. With the rapid advancements in technology, the application areas of the payday loans market are expanding into various fields. The research offers a comprehensive analysis of drivers, restraints, and opportunities in the global payday loans market.

About Us:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All the data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the field concerned. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

David Correa
Allied Analytics LLP
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Research: Rating Action: Moody’s Assigns Aaa to Portland, OR, Series D Limited Tax Bonds 2022; stable outlook

No related data.

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Does Klarna affect your credit score?


Thinking of using Klarna for your next online purchase, but worried it might negatively impact your credit score? Let’s discover the dangers…

In your own mind, treating yourself to new things may be essential, but so is maintaining a good credit score, especially if you have long-term ambitions for loans and business. mortgages.

With Klarna, you can buy items from more than 200,000 online stores around the world that could cost a substantial amount of money without having to accumulate the funds first.

While using “buy now, pay later” services can be a great method of spreading out shopping expenses over a few weeks and months, there can also be downsides.

Since you’re technically borrowing money when using many online payment systems, it can impact your credit score. Maintaining your credit score is clearly vital, so understanding whether using Klarna for your next online purchase will impact your credit score is key.

Will using Klarna affect my credit score?

Although your credit score has not previously been affected by using Klarna, it may start to do so from June 1, 2022.

From June 1, 2022, Klarna will continue to report customers to credit bureaus if they use financing or skip payments, but it will also start sharing information with two major UK credit bureaus, Experian and TransUnion, about your transactions and your debts.

In its statement, Klarna said that for its “Pay in 30 days” and “Pay in 3” offers, information on “customer purchases paid on time, late payments and unpaid purchases” would be shared.

To determine your creditworthiness, credit card companies and lenders often use data collected by credit bureaus. The good news is that until the end of 2023, the change will not start to affect credit scores.

How will Klarna affect my credit score?

You should remember that, as with all kinds of financial loans, the fact that Klarna will now be reflected on your credit score doesn’t have to be a bad thing. If you borrow responsibly and stick to your part of the deal, Klarna could now have a positive impact on your credit score.

For example, using Klarna can boost your credit score if you borrow a small amount and make all your payments on time. This is because you will demonstrate to potential lenders that you have a habit of regularly repaying your debts.

However, failure to make timely payments may result in Klarna being reported to credit reference bureaus, which could hurt your credit score.

If you use Klarna and apply for financing or take a payment vacation, it could potentially hurt your credit score. These could affect your ability to get a mortgage or a new credit card.

It’s impossible to predict how using Klarna will affect your credit score because the method by which the company reports your debt and repayment information to the credit bureaus is new.

Why is my credit score important?

Your credit score is used by lenders, like Klarna, to assess your creditworthiness. Your credit score affects your eligibility for credit cards, loans, mortgages, and car loans, as well as the interest rate and terms that lenders may give you if you are accepted.

When you apply for a new policy, lease, or apartment, potential employers, landlords, and insurance companies can all check your credit report. In these situations, a high credit score can be a sign of your overall reliability and responsibility.

So before you commit to a £1000 ‘loan’ from Klarna, make sure you can afford the monthly repayments and make sure having that item right away is even worth the risk.

The benefits of using Klarna

For retailers, Klarna offers a number of benefits, such as selling more expensive items at a more affordable price. However, consumers also have many benefits, such as the following:


This is a really important question, despite the fact that it is obvious.

Your customers will be able to buy products they otherwise couldn’t afford in a single transaction if you provide them with a variety of payment choices as well as the ability to increase the cost.

This will result in an increase in your conversion rates as well as a reduction in the likelihood of transactions being canceled at the last minute.

No hidden fees

One of the many important benefits of using Klarna is that customers who choose Pay Later or Pay in 3 will not be subject to late penalties or interest charges.

When choosing from the many Klarna options available to you, it is essential to keep in mind that the Slice It payment option actually charges customers an interest rate.

Refunds are always available

If the customer changes their mind after receiving the items, they are free to return them and get a full refund. Klarna will refund the transaction and immediately stop any incoming payments after verifying that a customer has canceled or returned their purchase.

Customers will have a higher level of confidence when making a decision whether or not to make a purchase as a direct result of reduced risk.

Payment reminders

People are often discouraged from choosing deferred payment alternatives by the fact that they are not responsible for remembering due dates for each installment. Regular reminders will be sent to your consumers via Klarna in good time for each installment.

Financial aid

Klarna staff will help your customer find another form of reimbursement if they are unable to make payment on time for any reason.

While this won’t affect your business since Klarna will still pay you in full, you can rest easy knowing that the company supports its customers and helps them manage their money wisely.

Jake McEvoy

Jake is a lifelong professional writer, journalist, and tech enthusiast. It covers KnowYourMobile news and user guides.

Millions are due repayments on expensive credit cards and payday loans – are you owed cash?


MILLIONS of people who were wrongly sold unaffordable credit on cards, loans and overdrafts could be compensated.

Even those who have already repaid what they owed could claim thousands if they can prove that paying off the debt was difficult in addition to day-to-day life.


Millions who were wrongly sold unaffordable credit on cards, loans and overdrafts could be compensatedCredit: Getty

Lenders are responsible for verifying whether a borrower can afford to repay a loan before extending credit.

More than half of complaints about unaffordable loans are upheld by the Financial Ombudsman Service, which decides whether a customer owes a refund.

Debt counselor Sara Williams says, “Most people who have trouble with money worry it’s their fault, but lenders shouldn’t put big limits on it.”

This week, Rosie Murray-West explains who can recover — and how to do it.

I'm an Engine Expert - Beware of Stuff That Won't Save Gas Money
Millions miss pay rise - full list of those affected


ANY of the following could be worth checking out, according to Sara, who runs the debt collection website Debt Camel:

  • Personal loans intended for short-term credit
  • Auto Finance Loans
  • Guarantee loans that a relative or friend had to repay in the event of default
  • Standard personal loans whose monthly repayment was unsustainable given your financial situation
  • Bank overdrafts increased without financial control
  • Credit cards with high spending limits

Even if you have repaid the loan or closed the bank account, you can still claim.


YOU won’t get it all back, but the ombudsman usually orders companies to refund you the interest you paid, any additional costs, plus eight percent more interest.

You will always be expected to repay the amount you borrowed.

For example, a customer who borrowed £5,000 and repaid £250 over 36 months would receive £4,320, or £4,000 in fees and charges and 8% interest.

It usually requires that any black marks on your credit report due to debt be removed as well.


THERE IS NO WARRANTY. However, the financial ombudsman withholds more than half of loan complaints after lenders refuse to repay, so the odds are in your favour.

The mediator will issue a legally binding decision for the company. But it can take more than three months, so be prepared to wait.

If you still don’t agree after the ombudsman makes a decision, your only option is to sue the lender.

You should bear in mind that you will have to pay legal fees – and these could cost thousands of pounds. Again, there is no guarantee that you will win.


If the lender does not resolve your problem within eight weeks or if you are not satisfied with their response, you can report it to the Financial Ombudsman Service.

The countdown starts from the moment you file this complaint, whether you do so by phone, email or post.

You must do so within six months of the company’s response.

You can complain online at financial-ombudsman.org.uk. Or call 0800 023 4567.

Either way, your submission is free.


You should avoid companies that charge a fee to claim on your behalf as this will reduce any compensation and not speed up the process.


You should avoid companies that charge a fee to claim on your behalf as this will reduce any compensation and not speed up the process.Credit: Getty

COMPLAIN directly with your lender first. You can do this yourself or use a free dispute resolution service such as Resolver (resolver.co.uk).

You should avoid companies that charge a fee to claim on your behalf, as this will reduce any compensation and not speed up the process.

Debt Camel has free letter templates on its website if you choose to go it alone, as well as tips on how to customize them.

If your lender is bankrupt, the rules are somewhat different and in some cases you may not be able to claim at all.

Researching the company name on the Resolver website should show you what to do in your specific situation.

The lender can pay you back immediately. If not, it’s worth fighting for.

When you complain, include evidence that you shouldn’t have received the credit because the lender should have been able to see that you couldn’t afford it.

Evidence may include bank statements from when you took out the credit showing that you already had several loans or that you were a regular player.

You can also use your credit report from that time as proof.


% of complaints confirmed by the ombudsman

Guarantee loans: 68%

House credit: 66%

(Also known as home equity loan)

Logbook Loans: 62%

(Credit secured against your vehicle)

Personal loans: 45%

Payday Loans: 46%

Overdraft: 45%

Credit card: 37%

£442 Free groceries


Credit: Getty

THOUSANDS of cash-strapped families are missing out on supermarket vouchers worth up to £442 a year.

The Healthy Start program provides low-income parents with extra help to buy milk, vegetables, fruits, legumes and vitamins.

You must be at least ten weeks pregnant or have a child under the age of four and receive an eligible benefit to get support.

New applicants receive a prepaid card which is topped up with digital vouchers every four weeks. Parents can get between £4.25 and £8.50 per week, or up to £442 per year.

Data from the NationalWorld website suggests that 115,000 people do not get free support.

But with millions of people struggling with a crippling cost of living crisis, it is essential to seek all the help possible. For more information visit healthystart.nhs.uk.

I am mom of
Our garden fence has been broken for months - my children can't play outside


NEARLY 200,000 people have a savings pot worth around £2,000 that they don’t even know about.

The latest data reveals that £374m remains untouched in lost Children’s Trust Funds (CTFs).

CTFs were automatically opened by the then Labor government for children born between 1 September 2002 and 2 January 2011. They were later replaced by Junior ISAs.

Children with a CTF received a £250 voucher at birth. Low-income families could get £500.

Children born between 2002 and 2011 also received an additional £250 when they turned seven. Parents could decide whether the money would be invested in stocks and shares or saved in cash.

Savings were not accessible until the child reached the age of 18. But many young adults who have come of age don’t even know they have an account – and could lose thousands of pounds.

You can find a lost CTF using the government’s online search service at gov.uk. Parents can also contact HMRC to find an account for their child.

Why should you check your credit report


Despite rising interest rates and the rising cost of living, the National Credit Regulator (NCR) encourages consumers, especially young people who have already signed credit agreements, to consistently pay their monthly bills on time. and in full in order to maintain a good credit bureau record.

Young people are also encouraged to check their credit bureau reports regularly.

Checking credit bureau reports allows consumers to spot any incorrect information and/or fraudulent transactions, giving them the opportunity to remedy the situation.

Knowing what is contained in one’s credit report gives consumers the opportunity to improve their credit reports.

All consumer credit information held by the credit bureaus must be accurate. Incorrect credit information can harm a consumer’s chances of obtaining credit or employment when a company is considering a candidate for employment in a position that requires honesty in handling money or finances.

Therefore, it is very important to dispute incorrect information before it negatively affects you.

Under national credit law, every consumer has the right to challenge the accuracy of their information held by the credit bureaus free of charge. If a consumer has disputed the accuracy of the information, the credit bureaus should take reasonable steps to seek evidence supporting the disputed information.

The credit bureaus have 20 business days to do this. If the credit grantor and/or service provider fails to prove enrollment within 20 business days, the credit bureau must remove the disputed information from the consumer’s credit profile.

It is very important for consumers to know that inaccurate credit information will remain on the consumer’s credit profile, until it is corrected or until the end of its retention period.

A retention period refers to the length of time a credit reporting agency may keep a consumer’s information on their credit file. However, consumers should not waste time disputing accurate credit information, knowing full well that they have skipped payments or overdrawn the account.

Consumers are entitled to a free credit report once a year, in accordance with the national credit law.

The National Credit Regulator would like to see more consumers request their credit reports from the credit bureaus, as currently the number of those requesting their credit reports is low. According to the NCR Credit Bureau Monitor, at the end of December 2021, credit bureaus had records of 26.38 million active credit consumers. Of this total, only 648,280 credit reports were issued. Of this total, 35,919 consumers disputed the accuracy of the information held by the credit bureaus. Other disputes have been resolved in favor of the plaintiffs.

To clarify a persistent perception, credit bureaus do not decide whether or not to extend credit to consumers.

Credit bureaus are organizations that specialize in creating consumer credit profiles based on information received from a person who provides goods, services or utilities to consumers, whether in cash or on credit , a state body, a court, a judicial officer and a person providing long-term services. or short-term insurance. They keep valuable information about recent and past consumer accounts, payment history, defaults, judgments, follow-up alerts, collections, and inquiries.

Often, consumers ask how long their information will be reflected in the credit bureaus. It is important to note that under national credit law, there are different retention periods for consumer credit information held by credit bureaus.

Below is a table of the different retention periods:

Category The description Time kept
1. Complaint details and results Number and nature of complaints lodged and whether a complaint was dismissed; no information will be displayed on the complaints that have been retained
Note: WinCredit does not display this information
6 months
2. Requests Number of requests made on a consumer’s file, including the name of the entity/person who made the request and a contact person if available 1 year
3. Payment Profile Factual information about the consumer’s payment profile
Note: WinCredit does not display this information
5 years
4. Unfavorable qualification of enforcement measures Classification related to enforcement actions taken by a credit grantor 1 year or within the period prescribed in section 71A
5. Unfavorable classification of consumer behavior Subjective classification of consumer behavior 1 year or within the period prescribed in section 71A
6. Debt restructuring Pursuant to section 86 of the Act, an order made by the court or tribunal Within the time prescribed in subsection 71(1) of the Act or until a clearance certificate is issued
seven. Civil court judgments Civil court judgments, including default judgments At the earlier of 5 years or until the judgment is quashed by a court or waived by the credit provider under section 86 of the Magistrates’ Court Act 32 of 1944 or within the time prescribed in Section 71A of the Act
8. Judgments in maintenance matters within the meaning of the Maintenance Law According to the judgment of the court Until the judgment is overturned by a court
9. Sequestration According to court order 5 years or until rehabilitation order is granted
ten. Rehabilitation According to court order 5 years
11. Administrative order According to court order 5 years or until the order is overturned by a court
12 Liquidation Deleted – delete
13. Other information Deleted – delete

Young people are especially advised to maintain a good credit report, as this shows credit/service providers that you are making payments in accordance with your credit agreements, portraying you as trustworthy to potential credit/service providers and employers.

Below is the credit bureau and other important contact information:

Poppy Kweyama is responsible for the education and communication department of the NCR

WRD Seeks Funding for Feasibility Study to Lay Krishna Water Pipeline

“The question of the loss of a large volume of water during its flow in the KP channel has been discussed recently”

“The question of the loss of a large volume of water during its flow in the KP channel has been discussed recently”

The Department of Water Resources has sought funds to carry out a feasibility study to bring Krishna water through a pipeline from Andhra Pradesh. Officials said a preliminary report had been submitted aimed at transporting Krishna water through a pipeline to the Poondi Reservoir.

At present, the water released from Andhra Pradesh has traveled 152 km through the open Kandaleru Poondi channel to the state border at Uthukottai and then another 25 km to the Poondi reservoir. Released in two periods each year, Krishna water meets a substantial portion of the city’s growing drinking water needs and supports storage in reservoirs here.

Officials recalled that many options, including laying pipelines from various sites and reservoirs in Srisailam, Somasila and Kandaleru, had been proposed. One of the proposals was to lay a pipeline from the 75th km of the Kandaleru Canal to bring water to the Poondi Reservoir. This would prevent seepage, evaporation and theft. These issues were discussed at a recent meeting of the Krishna River Management Board where Andhra Pradesh officials said that a significant volume of water has been lost in the channel due to various reasons.

The feasibility study would help estimate the cost of the project, the extent of land required and the possibility of laying a pipeline from a specific site to Poondi. The study would take six months and a detailed project report would be prepared based on it, an official said.

Start of work on the locks

The department had begun construction of two locks in Poondi Reservoir. These would help channel water to the nearby Institute of Hydraulics and Hydrology where model studies were carried out. Additionally, these structures would ensure the stability of the existing Sathyamurthy Sagar dam.

The department forms a circular bund in the body of water to facilitate the work. “We would be able to step up stockpiling and prepare for a massive influx once the main parts of the ₹10 crore project are completed before the onset of the northeast monsoon,” an official said.

A gauge well on the Jones Tower lines in the Red Hills Reservoir would be constructed at Poondi to measure the water level. Embankments 150 meters long on either side of the masonry dam would be reinforced as part of the project.

This is the average credit card debt in South Africa


Consumer Credit Reporting Agency TransUnion’s latest industry reports indicate that the market remains in a mixed recovery growth phase with continued economic pressures that could hamper the pace of recovery in South Africa.

The country’s economy faces increasing risks of stagflation and real GDP forecasts have been revised to 1.5% for the year 2022 from 1.9%. Domestic inflation continues to climb, ending the first quarter at 5.9%, which is in the upper range of the South African Reserve Bank’s target range of 3-6%.

The conflict in Eastern Europe will have a negative impact on South Africa’s trade balances in the coming months, with high energy prices further aggravating domestic import costs. However, high prices for metals and precious metals can help offset these costs from increased value earned through exports, TransUnion noted.

“Consumer and lender appetite for new credit appears to have aligned over the past quarter for unsecured lending, with the exception of retail installments, as all other products saw an increase in volume. ‘origin,’ he said.

Home loan originations were relatively stable in the fourth quarter of 2021, and vehicle financing originations were lower than the prior year, primarily due to the new vehicle supply shock and high costs associated with used vehicles of quality that discourage demand. Overall, the number of consumers participating in the credit market remained relatively stable, up 0.3% from a year ago.

Average secured credit facility balances declined due to several factors, increased issuance of lower value homes and potential increase in prepayments by borrowers in anticipation of rising interest rates drove down average home loan balances.

Credit card summary

Credit card originations grew for the second straight quarter, TransUnion said.

“Card creations remain significantly below pre-pandemic levels despite the resurgence of new business volume. makes the fifth consecutive quarter of declining account volumes.

The average balance per account increased 3.6% year-on-year to R21,400with the current average balance per account being 21.9% higher than Q1 2019 (pre-pandemic) levels, indicating continued leverage behavior by existing cardholders.

Credit card creations rose 27.6% year-on-year to R131,000. Credit card issuance has now increased for the second consecutive quarter, with issuance volume in the fourth quarter of 2021 improving 8% from the prior quarter, TransUnion said.

Growth in origination was seen across all risk levels, but primarily driven by risk levels below primary risk, which accounted for over 68% of origination as of December 31, 2021 (up 4.5 % over one year).

Millennials (born between 1980 and 1994) and Gen Z (born between 1995 and 2010) contributed 63.6% of all creations from an age distribution perspective.

Average new credit lines were down 3.6% year-on-year due to increased origination volume from subprime borrowers who receive lower credit limits, the credit expert said.

Despite growth in new business through originations, total accounts decreased 7.7% year-over-year, outstanding balances (down 4.4%) and total lines of credit (down 14.0%). .1%) also decreased.

The decline in account volume was recorded across the risk spectrum, but not evenly distributed, with Prime accounts leading the way with a 12.2% year-over-year decline, followed by the quasi-prime (down 11.9%) and prime plus (down 7.0%), TransUnion said.

He said serious delinquencies in credit card accounts increased to 13.8% (up 170 basis points). Rising consumer inflation (5.9%) and interest rates (repo rate up 25 bps) will continue to put pressure on borrowers’ debt levels and hamper their ability to to service their debt in the coming months.

Personal Loan—Bank

Retail bank lending improved for the third consecutive quarter, driven mainly by younger borrowers, but remains well below pre-pandemic levels. For the fourth quarter, personal loan account volumes saw double-digit reductions from a year-on-year basis, TransUnion said.

Bank personal loan originations increased 8.5% year-on-year to just under 1 million in Q4 2021. At current levels, origination volumes remain 28.5% below pre-existing levels. the pandemic.

Growth in origination was mainly driven by the Subprime segment (+9.4% in December 2021), which represents 63% of total origination volume.

From an age breakdown perspective, contributions to origination volumes were primarily driven by Millennials (up 9%), accounting for 52% of total origination volume, and Gen Z borrowers ( up 29.2%), accounting for 11% of total origination volume and crossing the one hundred thousand mark for the first time.

The average size of new loans increased by 6.1% year over year, thanks to the main and top risk levels.

The average new loan size of R32,600 is the highest average amount since the second quarter of 2020 (R33,100), indicating that lenders are willing to extend credit to borrowers, but remain cautious in extending amounts much larger loans to low-risk borrowers to handle the spike in non-primary origins.

Outstanding balances fell 10%, due to the continued decline in total accounts outpacing growth in new business, TransUnion said. Average balances remained relatively stable for the period. Sub-premiums represented 60.5% of active account balances at the end of the first quarter of 2022, down 1.1% year-over-year.

Serious delinquencies in bank personal loan accounts rose 220 basis points year-over-year to 32.3%, driven primarily by millennial subprime consumers, who accounted for 52% of total accounts in serious outstanding payments at the end of the first quarter of 2022.

Deteriorating macroeconomic conditions coupled with the share of active account balances and weighted origination to non-privileged accounts, pressure on delinquency performance may continue in the coming months.

Read: Here’s how much credit-hungry South African consumers owe on their homes and cars

These Black Founders Launched a Credit Access Platform That Aims to ‘Save People From Themselves’


COO Carl Memnon, CEO Christian Joseph and CTO Patrick DeSuza.

In the United States, cash is not king. The credit is.

Credit is considered when applying for rental opportunities, mortgages, business loans, and vehicle purchases, among others, but much of the country struggles with credit issues. Specifically, African Americans.

54% of black Americans either do not have established credit or have a poor or fair credit score, which is below 640.

Conversely, only 37% of white Americans reported the same, and less than 20% of Asian Americans report similar creditworthiness.

It’s a problem that credit platform founders Grain were all too familiar.

Christian-Robert Joseph and Carl-Alain Memnon, longtime friends, knew how difficult it could be to establish credit. Originally from Haiti, they watched their families struggle to get lines of credit and make big purchases. when they arrived in the United States.

After years of working in finance and technology respectively, Joseph said he was inspired to do something about the disparity.

“About five or six years ago I was working in the Bay Area, where technology is very prevalent and so is gentrification,” Joseph said. “Usually the victims of gentrification are people who look like me. And I quickly realized that I was part of the problem,” said Joseph, who at the time worked in project management for Dropbox in San Francisco.

He said he wanted to find a way to fully democratize access to credit, but also allow people to build credit responsibly without falling into crippling debt, which is how Grain’s idea was born.

After joining forces with his Memnon, their friend and eventual third co-founder Patrick De Suza came on board soon after due to a common mission. He, too, might identify with difficulties with credit literacy.

“During the first one or two conversations[withChristianandCarl}Iwasprettymuchsoldontheideaof​​joiningthecompanyandhowitcorrelatedtotheirpersonalexperienceswithcredit”saidFromSusan“MinewasalittledifferentIdidn’tgetmyfirstcreditcarduntilaftercollegeandIhadajobahigh-payingjobatthetimeAndIthoughtthatsincethebankwaswillingtogivemea$10000lineofcreditIcouldtakeitandspenditallIttook10yearstorepayifoffSothisnotionofcreditcardsreallytakingadvantageofpeopleandputtingtheminasituationwhereyou’respendingwhatyouthinkisfreemoneyIwantedtohelpchangethat

Grain, a credit access platform, stands out because it determines credit allocation based on consumers’ cash flows rather than their scores. The founders say this is critically important because credit companies can often be predatory on those who don’t fully understand how credit works. In addition to the cash flow model, Grain has also implemented safeguards to help curb spending habits that may come back to bite the consumer later.

“We’ve implemented warnings and other educational components within the platforms that signal when users are overspending,” Memnon said. “We’re basically aiming to help save people from themselves.”

ECB stress test shows most banks are not including climate risk in credit models


Environmental protesters took to the streets during a Fridays for Future protest in the financial district of Frankfurt, Germany last August.

Bloomberg | Bloomberg | Getty Images

The results of the European Central Bank’s first climate risk stress test show that most banks in the euro area do not sufficiently integrate climate risk into their stress test frameworks and internal models.

In a report on Friday, the ECB said the findings reaffirm the view that banks need to focus more on climate risk.

It comes at a time of high heat and low rainfall in southern Europe, rising energy prices and the prospect of a retaliatory shutdown of gas supplies to the region from Russia. the sanctions imposed following the attack on the Kremlin in Ukraine.

Certainly, the world’s leading climate scientists have warned that humanity has reached “now or never” territory to avoid the worst of what the climate crisis has in store.

“Banks in the euro zone must urgently step up their efforts to measure and manage climate risk, close current data gaps and adopt good practices already present in the sector,” said Andrea Enria, chairman of the board. Supervisory Board of the ECB, in a press release.

A total of 104 banks took part in the test, which is the first of its kind, the ECB said, providing information on three modules, or categories. These included their own climate stress testing capabilities; their dependence on carbon-emitting sectors; and their performance under different scenarios over multiple time horizons.

The results of the first module revealed that around 60% of banks do not yet have a climate risk stress testing framework.

Similarly, the ECB said most banks do not include climate risk in their credit risk models and only 20% consider climate risk as a variable when making loans.

As for banks’ reliance on carbon-emitting sectors, the ECB said that globally almost two-thirds of banks’ revenues from non-financial corporate clients came from greenhouse gas-intensive industries. tight.

In many cases, the report found that banks’ “funded emissions” come from a small number of large counterparties, increasing their exposure to emissions-intensive sectors.

In the third module, the results were limited to 41 directly supervised banks to ensure proportionality towards small banks. It required lenders to project losses during extreme weather events under different transition scenarios.

The results warned that credit and market losses could amount to around 70 billion euros ($70.6 billion) in total this year for the 41 directly supervised banks.

The ECB noted, however, that this “significantly underestimates the real climate-related risk” because it reflects only a fraction of the real danger. This was due, in part, to the paucity of available data.

“This exercise is a crucial step on our way to making our financial system more resilient to climate risk,” said Frank Elderson, vice-chairman of the ECB’s supervisory board. “We expect banks to take decisive action and develop robust climate stress testing frameworks in the short to medium term.”

ECB President Christine Lagarde has previously said the central bank is taking steps to integrate climate change “into our monetary policy operations”.

Bloomberg | Bloomberg | Getty Images

The ECB said it collected qualitative and quantitative information, with a view to assessing the sector’s preparedness for climate risks and gathering best practices for addressing climate-related risks.

The report concluded that most banks should work more on improving the governance structure of their stress testing frameworks, data availability and modeling techniques.

Using alternative data — like on-time lease payments — could help borrowers improve their credit scores


Monique Drayton in Washington, DC, had been living with bad credit for years. When she lost her full-time job, she said everything fell apart.

“Not having a good credit score is like being empty inside,” she said. “I didn’t feel valued.

But Drayton had a plan. In 2016, she and her two children moved into public housing with the intention of saving money and paying off debt.

For Americans like Drayton, who resort to paying by credit card after job loss, it can be difficult to bounce back from a negative credit score, even when their financial situation improves.

The credit score, which is based on things like credit card applications and the total amount of debt owed, can provide a limited view of a person’s finances.

Some academics believe that more data should be added to the score.

“What I would like to see is that we explore alternatives,” said Lindsay Sain Jones, assistant professor of legal studies at the University of Georgia Terry College of Business.

Sain-Jones said a more inclusive credit score could weigh payments more logically associated with a borrower’s credit risk.

“Things like utility payments, checking and savings account balances, account histories, rent payment histories,” she said.

In the USA, 44 million households rent their homes. If they pay their rent reliably, they don’t always have the advantage that this is reflected in their credit scores.

In 2020, Monique Drayton joins a DC Housing Authority program which aims to change that. Drayton said the program helped her refocus her mindset, getting her back “on the path” to home ownership.

Paying rent on time improved its score with all three major credit bureaus, TransUnion, Equifax and Experian.

Drayton gradually increased his credit score into the 700s, using those rent payments and disputing errors on his report. In May 2021, Drayton moved into her newly purchased home.

“I am living my dream. I am living my dream now,” she said.

The practice of rent declaration is spreading. Last month, Freddie Mac said consumers could use one-time lease payments to qualify for a mortgage. VantageScore notes that it includes rental data when available.

But including alternative data is still unusual in credit scores, and it’s not a solution to discrimination within the credit scoring system, said Pamela Foohey, a law professor at the Cardozo School of Law. from Yeshiva University.

“Alternative credit scores are high as a way to solve this problem,” Foohey said, adding that building more data as a solution misses a bigger point.

“It distracts from thinking about the larger disparities, both historical and current, that drive the traditional credit scoring system. It’s kind of like putting a bandage on something that’s a huge gaping wound,” she said.

Foohey thinks we need new economic policies, like guaranteeing certain loans or utility bills, to give marginalized communities who lack generational wealth a “boost.”

“Set them on the path to credit success,” she said. “And then credit scores themselves will reflect more of people’s relative ability to pay in the future.”

National Consumer Law Center attorney Chi Chi Wu said there was a promise to include alternative data in credit scores – with safeguards.

“Reporting of rents and utilities should be done in such a way as to report only positive information, and that they are done only with the voluntary acceptance and informed consent of the tenant or consumers,” a- she declared.

Wu said it was important that adding more financial data did not endanger consumer privacy.

As we know, more data means more power.

Professor Pamela Foohey has an article on alternative data and its drawbacks. We must also credit The analysis of Sain Jones (co-author) on the use of “fringe” data, such as how someone uses social media, as a means of determining creditworthiness.

Sounds a bit like that episode of “Black Mirror”, doesn’t it?

And, as Sasha mentioned, Freddie Mac includes on-time lease payments for subscription, starting July 10, less than a year after Fannie Mae launched a similar proposal. These two government-sponsored companies, as they are called, underwrite most mortgages in the United States.

HousingWire has an article which recognizes the ability for Freddie Mac to “retrieve” proof of payment from apps like Zelle, Venmo, and PayPal, in case you pay your landlord on your phone, rather than by check.

Besides the added rent, most medical debt is erased from credit reports. CNBC Reports all three credit bureaus now allow waived paid medical debt. These debts accounted for 58% of debts in collection and lingered on credit reports for up to seven years.

With the change, some consumers may see their scores increase sooner than expected.

For more, check out the rest of our coverage of the algorithms behind credit scores and how they can shape your financial life.

Best short term personal loans with no prepayment penalty


Many traditional short-term loans offer quick cash in exchange for extremely high interest rates and fees. As an alternative, some people turn to a personal loan.

Personal loans are generally repayable in equal monthly installments over a long period. You also have the option of prepaying the loan to free up income in your spending plan and potentially save on interest. However, it could be a costly decision if the lender charges a prepayment penalty.

What to do when you want a short term loan

Many consumers are turning to personal loans over other forms of financing because they come with more competitive interest rates and loan terms of between one and seven years. The longer the loan term, the more affordable the monthly payment, keeping you on track and preserving your credit rating.

However, the short-term cost savings also mean you’ll spend more on interest over time. For example, if you get a $5,000 loan for 3 years with an interest rate of 9%, you will pay $159 per month and $5,723.95 over the life of the loan. But if you accept a 2-year term, your monthly payment will increase to $228, but you will only pay $5,482.17 for the term of the loan.

If you prefer to save on interest, you can opt for a shorter term personal loan. Or you can take out a longer-term loan to get a lower monthly payment that doesn’t drain your budget too much and pay it off sooner. However, it is essential that you choose a lender who allows you to repay the loan before the expiry of the term without incurring any penalty.

Online personal lenders with no prepayment penalties

If you’re looking for a short-term loan, it’s best to only consider lenders who don’t penalize borrowers for wanting to repay before the end of the loan term. Otherwise, you will have to pay a fee to close the loan within the time frame you prefer. Fortunately, many lenders do not charge a fee for prepaying your loan.

Lender Amount of the loan Terms APR range
happy money $5,000 – $40,000 2 to 5 years 5.99% – 24.99%
LightStream $5,000 – $100,000 2 to 7 years old 3.99% – 19.99% (with automatic payment)
SoFi $5,000 – $100,000 2 to 7 years old 6.99% – 22.23% (with automatic payment)
Reached $1,000 – $50,000 3 to 5 years 5.40% – 35.99%

happy money

Happy Money puts customers first with its innovative approach to lending. Its personal loans are ideal for consumers looking to consolidate high-interest debt to save money, and borrowers also get exclusive access to a variety of tools to help them manage their finances more efficiently.

While their funding times are a bit slower than you’ll find with other online lenders, the minimum credit score requirement is lower. And if you have impeccable credit, you could qualify for a loan with an attractive interest rate.

There are no prepayment penalties or late payment fees, but an origination fee of up to 5% may apply.


LightStream offers some of the lowest interest rates on personal loans. Although you need a good or excellent credit score and a long credit history to qualify, you may qualify for a flexible loan that doesn’t come with spending restrictions.

If you can find a comparable loan product elsewhere with a better rate, LightStream will offer you a 0.1 percentage point lower rate. Also, keep in mind that shorter loan terms usually come with lower interest rates, which means it’s in your best financial interest to opt for a shorter repayment period.

Same-day financing is available and there are no prepayment penalties or other fees.


If you have a credit score of at least 680, you may qualify for a personal loan with SoFi even with minimal credit history. Another important benefit of doing business with the online lender is the free access you will receive to financial advisors, career coaches, and other virtual experiences and events designed to help you improve your finances.

This online lender offers a seamless application experience, and you won’t pay any application, set-up, late payment, or prepayment fees. SoFi also allows joint applications if you are unable to qualify for a personal loan on your own.


Upstart is worth considering as it also offers competitive interest rates and quick financing options. Additionally, the lender looks beyond your credit score and examines your education and work history to determine if you are a good candidate for a personal loan.

If financing is approved, you will not pay a prepayment penalty if you repay the loan early. Yet, Upstart charges setup fees of up to 8%, as well as late payment and return payment fees. You will also pay a fee if you choose to receive paper statements by mail.

Personal loan alternatives for a short term loan

A short-term personal loan isn’t the only option to get the funds you need. Here are some alternatives:

  • Credit card: If you have a credit card with available credit, you can use it to meet your short-term financial needs. Be sure to repay what you spend before the due date to avoid accruing interest on those purchases. Or you can apply for a credit card that offers zero percent APR on purchases for a limited time and pay it off before the promotional period ends.
  • Car title loan: You can borrow up to 50% of the market value of your car (if you own it) with a car title loan. Perfect credit isn’t necessary, but here’s the catch: you can expect to pay high interest and your car is used as collateral. So this loan product can stretch your budget too much and you could lose your vehicle if you fall behind on your payments.
  • Payday loan: These loan products are aimed at consumers with poor credit and should only be used as a last resort as they come with a high APRS, sometimes as high as 600%. When you apply, the lender will ask for your pay stub and banking information to ensure that you are employed and know where to withdraw the funds from at the time of collection. Most loans are no more than $500 and are due the day of your next payday.

At the end of the line

A personal loan can help you overcome a short-term financial difficulty or cover a major expense. When researching your options, confirm that the lender does not charge prepayment penalties. Even if you get a long repayment period with a higher interest rate, your payment will be more affordable and you’ll have the option to pay off the balance in full sooner to save on interest.

If a personal loan isn’t right for you, other options are available. Be sure to consider the pros and cons of each to make an informed and smart financial decision.

Consumer Connection: How to freeze your credit to protect your identity – Oskaloosa News


By Sonya Sellmeyer, Consumer Advocacy Manager for the Iowa Division of Insurance

According to the Insurance Information Institute, more than 20,000 Iowans reported being victims of identity theft in 2021. Identity theft occurs when another person steals your financial or personal information such as credit card information, social security or insurance numbers. The information can be used to open or use credit, obtain medical services, or even steal your tax refund. Identity theft can occur through a data breach, stealing your wallet or purse, or “phishing” by sending emails or “smishing” with text messages that appear to be from an organization lawful to obtain your personal information. A credit freeze is a tool Iowans can use to protect themselves against identity theft.

Freezing your credit locks out access to your credit report and new lines of credit. Anyone can freeze their credit for free, and you don’t have to be a victim of identity theft.

To freeze your credit, you must initiate the freeze separately with all three credit bureaus. This can be done online, over the phone or by mail.

Equifax, PO Box 105788, Atlanta, GA 30348 or 800-685-1111

Experian, PO Box 9554, Allen, TX 75013 or 888-397-3742

TransUnion, PO Box 160, Woodlyn, PA 19094 or 888-909-8872

Each of the three can ask you different questions to verify your identity. Questions may include your address and financial history for the past two years.

If you need to use your credit to open a credit card or buy a car, unblock it with the office the lender uses. Once the request to temporarily “unfreeze” your credit is received, the office has three days to unfreeze it or 15 minutes if received via a secure internet connection. Credit already established with businesses will not be affected by this freeze and will have no impact on your credit score. When you make your credit accessible, be sure to freeze it again once the credit check is done.

Parents and legal guardians can also impose a credit freeze on anyone under the age of 16. Incapable adults and active duty military personnel may also have their credit frozen by an authorized person.

Plus, order a free credit report to ensure your credit history is correct and up-to-date. A free annual credit report can be made at annualcreditreport.com or at 877-322-8228, and request that the report be pulled from each of the three credit bureaus. Until the end of December 2022, you can request a free credit report each week. Normally, you can request a free credit report each year from each of the three bureaus.

If you have been the victim of identity theft, the Iowa Attorney General’s Office offers a free identity theft passport program. Freezing your credit doesn’t guarantee you won’t be a victim of identity theft, but it’s an easy and free way to protect access to credit.

Published by press release on July 5, 2022. Filed under State News. You can follow any responses to this entry through RSS 2.0. Comments and pings are currently closed.

Qorvo® will present at JP

GREENSBORO, NC, May 16, 2022 (GLOBE NEWSWIRE) — Qorvo® (QRVO), a leading provider of innovative RF solutions that connects the world, today announced that company executives will present at JP Morgan’s 50th Annual Global Technology Conference, Media & Communications Conference on Monday, May 23, 2022 at 1:50 p.m. EST.

A live webcast of the event will be available on the Company’s website at the following URL: http://www.qorvo.com (under “Investors”).

About Korvo
Qorvo (QRVO) makes a better world possible by providing innovative radio frequency (RF) solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves various high-growth segments of major global markets, including advanced wireless devices, wireline and wireless networking, and radar and defense communications. We are also leveraging our unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to find out how Qorvo connects the world.

Qorvo is a registered trademark of Qorvo, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding our plans, objectives, statements and assertions, and are not historical facts and are generally identified by the use of terms such as “may”, “shall”, “should”, “could”, “expect”, “plan”, “anticipate “, “believes”, “estimate”, “predict”, “potential”, “continue” and similar words, although certain forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent the judgment and management’s current expectations, but our actual results, events and performance could differ materially from those expressed or implied by the forward-looking statements. We do not intend to to update these forward-looking statements or to publicly announce the results of any revisions to these forward-looking statements, except as required by US federal securities laws. Our business is subject to numerous risks and uncertainties, including those related to fluctuations in our operating results; our substantial dependence on developing new products and securing design contracts; our dependence on several large customers for a substantial portion of our revenues; the COVID-19 pandemic materially and adversely affecting our financial condition and results of operations; loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks associated with sales through distributors; risks associated with operating our manufacturing facilities; business interruptions; low manufacturing yields; increased inventory risks and costs due to the timing of customer forecasts; our inability to effectively manage or maintain scalable relationships with platform providers; our ability to continue to innovate in a highly competitive industry; underutilization of manufacturing facilities due to industry overcapacity; adverse changes in interest rates, prices of certain precious metals, utility rates and foreign exchange rates; our acquisitions and other strategic investments do not achieve our financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes to our effective tax rate; changes in the favorable tax status of certain of our subsidiaries; the enactment of international or national tax legislation, or changes in regulatory guidance; risks associated with environmental, health and safety regulations and climate change; risks related to international sales and operations; economic regulation in China; changes in government trade policies, including the imposition of customs duties and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by agreements governing our indebtedness; our dependence on our intellectual property portfolio; claims for infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; the theft, loss or misuse of personal data by or about our employees, customers or third parties; the provisions of our governing documents and Delaware law may discourage takeovers and business combinations that our shareholders might consider to be in their best interests; and the volatility of the price of our common shares. These and other risks and uncertainties, which are described in more detail in Qorvo’s most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause results to and actual developments materially different from those expressed or implied by any of these forward-looking statements.

At Qorvo®
Doug DeLieto
Vice President, Investor Relations


Why your credit score may soon go up


Nearly half of all Americans could see their credit score increase, due to changes in the way medical debt is reported.

As of July 1, you have more time to pay medical debt before it appears on your credit report. And the medical debt you’ve already paid will be wiped off your report, instead of staying there for up to seven years.

RELATED: Car rental prices up 55%, money saving tips

Medical debt is a huge problem. According LendingTree.

Until now, even after paying medical debt, it could stay on your credit report, which could weigh on your score, for up to seven years. This changed on July 1. Paid medical debt is removed from the reports of the three credit bureaus: Equifax, Experience, and Trans Union.

Consumers now have one year, instead of six months, to pay medical debt that has been sent to collections before it even hits your credit report.


Another big change is coming in the first half of 2023. Credit bureaus will stop reporting debts under $500.

These changes will remove 70% of medical debt from credit reports, credit reporting agencies say, and lift that potential weight off the credit scores of millions of people.

These changes should happen automatically, but you should check your report with all three credit bureaus to make sure all paid medical debts have been removed. You can still get free reports every week until December 31. AnnualCreditReport.com.

RELATED: Should I change my electricity plan to save money?

If a paid medical debt is still on your report, or if a new medical debt is reported within a year, dispute it with the credit bureau. If it is not fixed, you can contact the Consumer Finance Protection Bureau.

By the way, you can ask a health care provider to reduce a medical debt that you are struggling to pay. LendingTree reports that 93% of those who ask, get a discount.

Here is the average down payment on a house in 2022


Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

Buying a home is probably one of the biggest purchases many Americans will make in their lifetime. But with the rising cost of housing, many are finding it increasingly difficult to save enough for the benchmark 20% down payment.

Luckily, there are still plenty of ways to buy the home you want without shelling out a large sum of money up front. Although there was a flurry of homebuyers buying homes with cash or a large down payment, it turns out that many Americans were betting much less than the usual 20% of the home’s value at advance – even in this difficult housing market.

Below, Select details the average down payment on a home these days, how you can tell if you have enough money to make a down payment, and the best ways to save for it.

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The average down payment on a home today

According a recent report from the National Association of Realtorsnearly half of consumers believe they should pay at least 16% of the home’s value or more for a down payment, while one in 10 believe they should pay more than 20%.

Fortunately, this is simply not the case. The report says the average down payment on a home in 2021 was just 7% for first-time home buyers and 17% for repeat buyers.

Among the many difficulties faced by potential buyers is the fact that for the past two years they have had to compete with cash buyers. The National Association of Realtors said in May 2022 that 25% of buyers had enough cash to buy a home without needing financing, essentially putting everyone else who hoped to buy at a disadvantage.

However, since the buying market has slowed significantly due to high interest rates, homebuyers in general now have a better chance of securing their dream home, no matter the size of their home. downpayment.

I bought my house in January 2022 with a conventional loan and a 5% down payment; I felt no setback after making a down payment of less than 20%. By paying a lower amount, I can continue to pay off other debts and invest for the future. That said, I’m still subject to the payment of private mortgage insurance, or PMI, which will eventually fall off my mortgage once I hit the 20% equity mark.

Select reviewed the best lenders for those looking to buy a home with a small down payment and ranked hunting bank as the best for flexible payment options, Allied bank as the best no-fee lenders, and Citi Mortgage as the best for no PMI.

hunting bank

  • Annual Percentage Rate (APR)

    Apply online for personalized rates; fixed and adjustable rate mortgages included

  • Types of loans

    Conventional Loans, FHA Loans, VA Loans, DreaMaker℠ Loans, and Jumbo Loans

  • Terms

  • Credit needed

  • Minimum deposit

    3% if you continue with a DreaMaker℠ loan

Allied bank

  • Annual Percentage Rate (APR)

    Apply online for personalized rates; fixed and adjustable rate mortgages included

  • Types of loans

    Conventional Loans, HomeReady Loan and Jumbo Loans

  • Terms

  • Credit needed

  • Minimum deposit

    3% if you continue with a HomeReady loan


  • The Ally HomeReady loan allows a down payment of just under 3%
  • Pre-approval in just three minutes
  • Submission of the application in less than 15 minutes
  • Online support available
  • Existing Ally customers are eligible for a discount that applies to closing costs
  • Does not charge lender fees

The inconvenients

  • Does not offer FHA, USDA, VA or HELOCs loans
  • Mortgages are not available in Hawaii, Nevada, New Hampshire or New York


  • Annual Percentage Rate (APR)

    Ask online for personalized rates

  • Types of loans

    Conventional Loans, FHA Loans, VA Loans, and Jumbo Loans

  • Terms

  • Credit needed

  • Minimum deposit


  • Citi’s HomeRun Mortgage program allows for a down payment as low as 3%
  • Citi’s Lender Assistance Program offers eligible homebuyers a credit of up to $5,000 to use for closing costs
  • Ability to choose between fixed rate and adjustable rate mortgages
  • New and existing Citi Bank customers are eligible for closing fee discounts based on their account balance
  • HomeRun Mortgage Program Allows Less Than 20% Down Payment Without PMI
  • Provides training and advice on home ownership

The inconvenients

  • No option for 0% down payment
  • Existing customers need high account balances to qualify for some of the highest interest rate reductions

How to know if you have enough money to buy a house

Regardless of the size of the down payment, there are many other costs that come with home ownership, including monthly mortgage payments, property taxes, and maintenance, among others. Before you make an offer on a home, there are a few financial benchmarks you might want to hit first.

The key metric to keep in mind, however, is that your monthly mortgage payment should always be less than 30% of your gross monthly income.

For example, if you wanted to buy a $400,000 house and put down $20,000 for your down payment, you should plan to set aside an additional $12,000 to $24,000 to cover the closing process. Assuming a 30-year fixed rate mortgage and an interest rate of 4.5%, your monthly mortgage payment with PMI will end up being around $2,400 – you would need to earn $8,000 a month in gross income to comfortably afford it.

Unfortunately, many Americans currently find themselves in a home that is simply too expensive and stretches their budget too much. This term is commonly referred to as “poor housing”, and a recent study by consumer affairs indicates that 69% of owners feel the same way.

The best way to avoid this is to check the numbers before you buy and make sure you can meet the above criteria to live comfortably in your new home.

How to Save Enough for a Down Payment on a Home

Although the process of saving for the purchase of a home can seem quite daunting, there are many ways to get started.

Create a budget

Once you break down your monthly income and expenses, you can determine how much you can set aside each month to pay for your future home.

Open a High Yield Savings Account

These accounts are designed for consumers looking to put money aside, either as an emergency fund or towards a long-term goal like buying a home. Some of our favorite high yield savings accounts include the American Express®* High Yield Savings Account and the Ally Bank Online Savings Account.

Increase your income

Saving is the first step, but there are only a few things you can reduce. If saving alone isn’t enough, maybe it’s time to consider asking for a raise at work or taking a side job – the side job that helped me save enough money for a house was l independent writing.

As your savings prepare in other ways

Simply having the down payment is not enough. While you’re saving, do your best to maximize your credit score, start researching where you want to buy and how much space you can reasonably afford. That way, once you find the home you want and buy it, you won’t end up with an investment you can’t afford.

At the end of the line

Home purchases can be quite expensive once all costs are taken into account. That said, having to pay 20% deposit as a hard and fast rule is nothing more than a fable at this point.

In fact, you might want to consider using as little as possible. Yes, your monthly mortgage payment will be higher, but you may find it beneficial to have a low-interest mortgage and continue to invest your money elsewhere – in the stock market or other real estate ventures – waiting.

Check out Select’s in-depth coverage at personal finance, technology and tools, The well-being and more, and follow us on Facebook, instagram and Twitter to stay up to date.

*National Bank American Express is a member of the FDIC

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

Texas economy generates more tax revenue, sparking talk of tax cuts

AUSTIN — The Texas economy is so hot that the state comptroller will soon raise its revenue forecast for the current cycle by a “significant” amount.

Already, Republican politicians are talking about more property tax cuts, though paying for them in the long run is always tricky.

On Friday, Comptroller Glenn Hegar said Texans are back in restaurants and live entertainment venues after the coronavirus pandemic subsides, and industrial sectors led by oil and gas are boosting revenue from sales tax with ever-increasing material purchases.

“State sales tax collections jumped in June, outpacing inflation, with strong revenue growth from all major economic sectors,” Hegar said in a written statement.

A decline in purchases of furniture, sporting goods and hobbies has been offset by an increase in spending on services, he pointed out in his last two monthly revenue-raising announcements.

“Restaurant and service sector receipts were again strong in June as consumers continue to spend more on live events with entertainment options becoming available that have not been available for the past two years,” Hegar said.

But the real driver of this positive revenue picture is business spending, with the mining sector which includes oil and gas nearly doubling its sales tax collections from a year ago. In addition, receipts from the manufacturing, wholesale trade and construction sectors rose sharply, he said.

When lawmakers meet in January, they could have as much as $30 billion in unspent government revenue, Hegar said recently.

That prompted Gov. Greg Abbott and GOP legislative leaders to talk optimistically about granting more school property tax cuts.

“We need to use a substantial portion of this money to reduce property taxes in Texas,” Abbott tweeted.

In October, state leaders pocketed $3 billion in fiscal stimulus assistance from President Joe Biden’s American Rescue Plan Act for future use to reduce school property taxes.

Federal COVID-19 assistance is a one-time boon. Hegar’s announcement, however, means there will be additional state discretionary income that lawmakers can apply to a range of pressing needs.

Budget guidelines

The property tax relief will compete with Republicans’ belief that the state should spend more on border security, as they attack Biden over his immigration policies and school safety, after the May 24 school shooting in Uvalde.

Border and school security are priorities, according to a “budget instruction” letter sent Thursday to state agencies.

“It is imperative that state agencies remain fiscally and operationally efficient with state resources,” wrote Sarah Hicks, Abbott’s senior budget and policy assistant, and Jerry McGinty, director of the Council of legislative budget, a 10-member panel of key legislators.

“Budget requests should reflect conservative values ​​and keep in mind that we are going through a period of global and national economic uncertainty that could impact our state.”

Perhaps because state GOP leaders are talking about tax cuts, the letter did not ask agency heads to submit possible ways to cut spending, as has often been the case.

For several months, it has been evident that sales tax revenue was well above Hegar’s conservative estimate last November.

Strong Texas economic rebound from COVID-19 will lead to $25 billion fiscal cushion in 2023, comptroller says

The state collected $35.3 billion in sales tax in the first 10 months of the current fiscal year, an increase of 20.6% over the same period a year earlier.

Through June, with two months remaining in the state’s fiscal year, Texas has raised more than $1 billion more than it raised in the entire fiscal year. 2020 – and just $800 million less than last year’s total.

At last month’s clip — the state brought in $3.7 billion — sales tax collections reported for July could easily push the year-to-date total past November’s estimate of Hegar for the full fiscal year 2022 ($38.6 billion). And that would leave the August loot in sauce.

From September to June, oil and gas severance tax collections increased over the same period of fiscal 2021 by 89.7% and 192.6%, respectively. However, 75% of any growth in tax revenue related to power generation goes to the rainy day fund and the state highway fund.

Total tax revenue increased by 27.1% over the comparable 10-month period of the previous year.

Hegar, the state’s Republican tax collector and revenue estimator, said later this month he will revise his “certification revenue estimate” from last fall.

Once the Legislative Assembly passes a budget or supplementary spending bills, as it has done several times in the past year, the Comptroller must certify that there will be enough revenue to pay for them.

Next January, Hegar will release its estimate for the next two-year budget cycle. It will govern how much lawmakers can spend when drafting the 2024-25 budget.

“Due to an extended period of historically high revenue, later this month, Hegar will provide an update to the certification revenue estimate released in November 2021,” his office’s press release reads. “This update will result in a significant increase in estimated respendable income for the 2022-23 biennium.”

In November, Hegar projected a final balance for this round of $11.99 billion in state discretionary income and a cushion of $12.62 billion in August 2023 in the “rainy day fund,” or savings account.

More property tax cuts?

At the recent state GOP convention in Houston, Hegar told conservative online news platform The Texan that the state’s general fund is expected to end at the end of the year with a balance between 15 and 16 billion dollars. By Aug. 31, 2023, the rainy day fund should have $13.5 billion, he said. The addition of these two figures gives us a surplus of up to $30 billion.

Former Comptroller’s Office Analyst Eva DeLuna Castro of the Every Texan group, however, warned that the state’s appearances of untold wealth can be deceiving.

“Basically there will be a lot of money, but a lot of it will be banned,” said DeLuna Castro, whose group is advocating for increased state spending on education and health care for Texans in low and middle income.

She noted that voters’ decision in May to approve an increase in the mandatory homestead exemption on school property taxes from $25,000 to $40,000 will burn $439.1 million in government revenue. State next year. Additionally, in next year’s session, lawmakers will need to address a $4.4 billion underfunding of Medicaid and the children’s health insurance program this cycle, she said.

Cost overruns from Abbott’s Lone Star operation totaled $975.8 million, she noted. Health care managed by the prison system for inmates is in deficit, and the state could face additional costs in the event of wildfires, hurricanes and other natural disasters. Even before exemptions on homesteads and border cost overruns, lawmakers had only $3.6 billion of “room” under a tax expenditure limit set in the Texas Constitution, a noted DeLuna Castro.

‘Booming’ Texas economy sets monthly high in sales tax collections for third straight month

Texas Public Policy Foundation chief economist Vance Ginn remains optimistic about tax cuts.

“There is a historic opportunity to significantly reduce Texans’ property tax bills next session,” said Ginn, who served in the Federal Office of Management and Budget under former President Donald Trump.

Property tax rates for school maintenance and operations can and should be reduced further than they were by the 2019 legislature, Ginn said. Rainy day funds and school district reserves can be tapped to support tax rate reductions, he said.

“Spending restraint and tax relief should be top priorities given the affordability crisis due to inflation and rising property taxes,” he said.

Settled Medical Debt Comes Out of Credit Reports: How to Check Yours


miodrag ignjatovic | E+ | Getty Images

If the medical debt you’ve already paid persists on your credit report, you may want to see if that has changed.

Starting Friday, the first phase of changes to when this debt will appear on credit reports will go into effect. Specifically, the big three credit reporting companies — Equifax, Experian and TransUnion — will no longer include medical debt after it’s paid off. According to past practice, it could stay on your file for seven years.

Additionally, consumers now have one year, instead of six months, before unpaid medical debt appears on credit reports once it is escalated to a collection agency. And more changes are coming: In the first half of 2023, the credit bureaus will stop including all outstanding debts under $500.

Learn more about Investing in You:
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Collectively, the changes “should have the effect of improving the credit scores of millions of Americans,” said Jeff Smedsrud, co-founder of HealthCare.com.

Medical debt can hurt your credit score

About $88 billion in medical debt appeared on consumer credit reports in June 2021, according to the Consumer Financial Protection Bureau. Additionally, 58% of bills in collections and appearing on credit reports were medical-related, and approximately 43 million credit reports showed such collections.

This can lower your score, making it harder to get loans or other credit, or get good interest rates if you’re approved.

“A little debt of $25…can really have a negative impact on a credit score — just the report of it,” said Leslie Tayne, founder of Tayne Law Group and attorney specializing in debt relief and settlement. consumer debt.

“It could make the difference between being able to borrow [from a lender] and not being able to borrow,” Tayne said.

Credit agencies say their new policies will eliminate about 70% of medical debt from credit reports.

Nevertheless, consumers may want to confirm that their paid medical debt no longer appears, according to US PIRG, an advocacy group.

How to check your credit report

You can get a free copy of your report from every Equifax, Experian and TransUnion at annualcreditreport.com. Until the end of 2022, you can get free weekly reports through this site instead of the usual once a year.

Look specifically for medical debts you’ve already paid in full, advises US PIRG.[That’sthedebtthatoughttodisappearunderthenewrulesCheckthesectionwherethereport”flags”newdebtaswellasthe”accountinformation”or”collections”sectionofthereport[C’estladettequidevraitdisparaîtreaveclesnouvellesrèglesVérifiezlasectionoùlerapport«signale»lanouvelledetteainsiquelasection«informationssurlecompte»ou«recouvrements»durapport[That’sthedebtthatoughttodisappearunderthenewrulesCheckthesectionwherethereport”flags”newdebtaswellasthe”accountinformation”or”collections”sectionofthereport

If you see a debt you’ve already repaid (or any other error), you can dispute it directly with the credit reporting company whose report contains the error. Each of the reports may contain different information, so it is worth checking all three.

Federal law requires credit bureaus to investigate disputes within 30 days (with some exceptions) and notify you within five days of the completion of the investigation.

If your dispute is denied or the error is not removed from your report, you can file a complaint with the Consumer Financial Protection Bureau, notes US PIRG.

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Disclosure: NBCUniversal and Comcast Ventures are investors in tassels.

How to Get a Free Amazon Prime Membership


Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

Amazon Prime Day takes place this year on July 12 and 13, which means the highly anticipated 48-hour sale is fast approaching.

Loyal Prime Day shoppers know the rules: To take advantage of the deep discounts offered during these two days, you must be a Amazon Premier member. At the start of this year, an annual Prime subscription costs $139 (a recent increase from $119) or $14.99 per month (a recent increase from $12.99 per month).

While we think Amazon Prime is worth being available year-round for avid online shoppers, here are some ways to get around paying membership fees in time to score. Prime Day Deals.

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Sign up for a 30 day free trial

If you just want to sign up to take advantage of Prime Day discounts (including first Prime Day deals that are already online) and that’s it, a 30-day free trial is the way to go.

Those who are totally new Amazon Prime Membership, or anyone who hasn’t been a member in the past 12 months, is eligible for a 30-day trial. Be sure to set a reminder for the end of your trial so you can cancel before it’s over and you’re charged for more time.

Note that you will need to use a credit card to set up your trial subscription.

If you’re eligible, sign up for a free trial of Prime Student

If you are a student, you are also in luck, because you can register for six months free Amazon Prime Student test. You must be enrolled in at least one course at an institution in the United States or Puerto Rico, have a working.edu email address, and be able to show proof of enrollment upon request.

While the same cancellation reminder as above applies here, the six-month period is significantly more generous than just 30 days. You may even find that you want to keep Amazon Prime during your student years, which in this case would be more affordable than when you are a Prime member in “adult life”. An Amazon Prime Student membership costs about half the price of a regular Amazon Prime membership, at $7.49 per month or $69 per year, and that rate lasts for four years.

You may also consider signing up for Deserve® EDU Mastercard for Studentswhich includes one year free Prime Student Membership among its benefits.

Deserve® EDU Mastercard for Students

  • Awards

    1% cash back on all purchases

  • welcome bonus

  • Annual subscription

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

    N/A, balance transfers are not available

  • Foreign transaction fees

  • Credit needed

“Borrow” a family member’s Amazon Prime account

Thanks to Household Amazon, you can share access to the Prime membership your spouse, sibling is already paying for. Hey, that’s what family is for, right? While shopping on July 12 and 13, you might also find a Prime Day deal they can take advantage of.

Amazon Household simply requires that two adults (aged 18 and over) each have their own Amazon account, although only one must have a Prime membership. With this benefit, household members, including teenagers and children, can share Amazon Prime benefits such as a free day Main delivery and First video.

Through Amazon Household, your Amazon account will be connected to give you access to, for example, your spouse’s Amazon Prime subscription benefits, but you will still have your own respective accounts.

Apply for the Amazon Prime Rewards Visa Signature Card in July

This month of July is the perfect time to apply for the Amazon Prime Rewards Visa Signature Card. In line with Prime Day, Chase has increased the welcome bonus for this specific Amazon credit card, so if you apply between July 1 and July 29, you’ll receive a $200 Amazon gift card instantly upon approval.

Although there is no minimum spend required to earn the bonus, you must be a Amazon Premium Member to get the credit card – the $200 bonus will more than support the first year of your Prime membership, which costs $139.

For new or returning cardholders, there’s also an increased cashback rate of 6% — it’s usually 5% — on Amazon.com and Whole Foods purchases during Prime Days July 12-13.

Some of our other favorite credit cards for Prime Day purchases include the Chase Sapphire Preferred® Card to earn travel rewards and the Citi® Dual Charge Card for cashback.

Amazon Prime Rewards Visa Signature Card

  • Awards

    5% cash back at Amazon.com and Whole Foods Market; 2% back at restaurants, gas stations and pharmacies; 1% cashback on all other purchases

  • welcome bonus

    $100 Amazon.com gift card upon approval

  • Annual subscription

    $0 (but Prime membership required)

  • Introduction AVR

  • Regular APR

    14.49% to 22.49% variable

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

Chase Sapphire Preferred® Card

  • Awards

    $50 annual Ultimate Rewards Resort Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 2X points on all other travel purchases and 1X points on all other purchases

  • welcome bonus

    Earn 60,000 bonus points after spending $4,000 on purchases within the first 3 months of account opening. It’s $750 when you redeem through Chase Ultimate Rewards®.

  • Annual subscription

  • Introduction AVR

  • Regular APR

    16.74% – 23.74% variable on purchases and balance transfers

  • Balance Transfer Fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fees

  • Credit needed

Or get a Prime membership discount with an EBT card

Information about the Amazon Prime Rewards Visa Signature Card was independently collected by Select and was not reviewed or provided by the issuer prior to publication; if you buy something through selected links, we may earn a commission.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.

CFPB Paves the Way for Increased State Regulation and Enforcement of Credit Reporting Practices | Cooley LLP


On June 28, 2022, the Consumer Financial Protection Bureau issued an interpretative rule under the Fair Credit Reporting Act (FCRA) clarifying that states have the ability to protect their residents by enacting their own fair credit reporting laws, notwithstanding existing federal law. Specifically, the interpretative rule underscores the bureau’s position that the FCRA prevails over state laws governing the conduct of consumer reporting agencies (CRAs), providers and users of consumer reports only in certain limited circumstances. and listed. The CFPB rule emphasizes that states can strengthen consumer protections by enacting stricter laws governing credit reporting practices where they are not expressly preempted by federal law.

Pre-emption under the FCRA

The interpretative rule states that:

  • State fair credit reporting laws that protect consumers more than the FCRA are generally not preempted unless they fall under one of the preemption categories listed in Section 1681t(b) of the FCRA.
  • The FCRA’s express preemptive categories are narrow and focused in scope, as they relate only to the specific conduct required or subject matter regulated under each preemptive provision. Thus, if a state law does not “relevant” to the subject matter or conduct regulated by an FCRA preemption category, it is not preempted.
  • The FCRA generally only regulates how long certain information (for example, bankruptcies) may continue to appear on a consumer report, but does not prejudge state requirements regarding whether – or when – certain information may initially be included in a consumer report.

The interpretative rule provides examples of state fair credit reporting laws that the bureau says would not be preempted by the FCRA — which, unsurprisingly, focus on many of the same issues the bureau has flagged in recent months. :

  • State laws prohibit credit rating agencies from including information about medical debts, eviction information, arrest records, or rent arrears in a consumer report (or from including such information only after a certain period of time).
  • State laws prohibiting providers from reporting certain information to CRAs, such as medical debts, or requiring providers to report certain information only after a certain period of time.
  • State laws requiring CRAs to provide, upon consumer request, disclosures and information covered by the FCRA in languages ​​other than English.

What to expect?

Most states have already enacted their own fair credit reporting laws, but only a handful, like California, provide additional protections beyond those provided by the FCRA. The interpretive rule paves the way for states to more strictly regulate local credit reporting practices. A state-by-state approach—tailored to the specific agenda and priorities of each state legislature—would require the credit reporting industry to comply with a patchwork of state laws, in addition to the FCRA.

In addition, the interpretative rule affects two recent CFPB initiatives. First, this is another example of the CFPB’s recent efforts to encourage states to become more active in a number of areas of consumer protection, including continued enforcement of consumer financial protection law. and state laws prohibiting unfair or deceptive acts and practices. Second, it reiterates the CFPB’s renewed focus on medical debt reporting, which has been the subject of three separate guidance documents issued by the office since the start of the year. Consistent with Director Rohit Chopra’s position that medical debt should not be included in consumer reporting due to its lower predictive value, CFPB pressure for states to regulate the provision and reporting of medical debt n isn’t a surprise. The interpretative rule takes a similar position with respect to rental history and eviction records, indicating that this information is essential to consumers’ access to housing and credit, but is often marred by errors. Providers of medical debt data or tenancy information should therefore expect more scrutiny from the bureau, as well as stricter regulations at the state level.

Finally, while the interpretive rule gives states the green light to enact tougher fair credit reporting laws, we also expect zealous state attorneys general and regulators to rely on the CFPB’s reasoning for limiting the scope of the FCRA’s preemption under their current credit reporting requirements. .

[View source.]

Credit scores and the biases behind them


Although your credit score is generated from data about you, the design of the algorithms behind the score is often based on broader financial trends.

“A lot of times credit scores are built on the history of all sorts of other aggregate data, so people who look like you,” said Safia NobleProfessor of Gender Studies and African American Studies at the University of California, Los Angeles.

Noble, who wrote the book “Algorithms of oppression”, investigates how algorithms can perpetuate racism and gender bias.

“And that’s where we start to get in trouble,” Noble said. “If you are part of a group that has traditionally been denied credit or offered predatory products, then your profile may, in fact, look more like those people and you will be knocked out.”

As a result, consumers may not have access to a loan, mortgage, or better insurance rates.

David Silberman, Principal Investigator at responsible credit centersaid it was part of a bigger problem.

“Credit scores reflect a lot of the history of discrimination in the country,” he said.

Silberman, who spent a decade at the Consumer Financial Protection Bureau and years in the financial services industry, reflected on how algorithms can reflect privilege, or lack thereof.

“If someone starts out with no wealth, with limited income prospects, the types of credit you can get will be affected,” he said.

For example, payday lenders are concentrated in African-American and Latino neighborhoods and tend to offer loans on less favorable termsso borrowers who use these lenders might be more likely to default.

“Your ability to repay that credit is going to be affected, and then that’s going to end up in credit scores,” Silberman said.

According to payment processor Shift, white Americans have an average FICO score of 734 – a relatively good score for most financial products. But for black Americans, it’s 677. A lower score can equate to higher interest rates or result in a loan being declined.

Since accurate historical data can always create biased algorithms, many researchers and companies are looking for new options to determine creditworthiness, but this can also be risky.

Nicholas Schmidt, CEO of SolasAI, checks the algorithms for disparate impact. He said prejudice can “seep” anywhere.

“Most people talk about bias in the data. And that’s kind of an obvious thing,” he said.

One example he shared was a lender’s algorithm for assessing the credit risk associated with people who failed to pay credit card debt. He said the best predictor was how often consumers shop at convenience stores.

Patron Convenience Store in southeast Washington, DC (Kimberly Adams/Marketplace)

At gas stations or malls, even stand-alone stores like Patron Convenience Store in southeast DC, it can get busy on Wednesday mornings, people buying lottery tickets and snacks.

“And I thought about it. What’s in a convenience store – cheap beer, cigarettes, bad candy and lottery tickets? Schmidt said. “These are probably all quite well correlated with risky behavior, which is probably well correlated with poor credit card performance.”

But then Schmidt and his team thought about it some more and realized there was a gaping hole in that analysis: food deserts. These are areas where residents are low income and do not have easy access to supermarkets or large grocery stores, according to the United States Department of Agriculture.

In 2021, about 13.5 million people lived in America’s food deserts — and many of them shopped at convenience stores.

Ekram Aman is a cashier at Penn Way Market, a mall convenience store located in a food desert in southeast Washington, D.C.

Ekram Aman poses next to a shelf of
Ekram Aman works as a cashier at Penn Way Market in southeast Washington, DC (Kimberly Adams/Marketplace)

She said most of her clients use eBenefits Transfer, a tool to access government food assistance programs, to buy groceries.

“They say because it’s convenient for them. And especially for people who don’t drive, it’s very convenient,” Aman said.

Most customers are from the neighborhood and walk to Penn Way, she said. Sometimes they send their children to fetch food for dinner or some household items packed from the shelves of the cramped store.

SolasAI’s Schmidt said using data generated in this way is a form of discrimination that could seep in when an algorithm lumps all these people together.

“What you’re going to do is capture the risky behavior of white people in the suburbs, going to convenience stores and buying lottery tickets and bad candy and bad beer,” he said.

But, Schmidt said, you’re also going to capture solvent people in cities, low-income people and people of color, but also wealthier people in dense cities who shop at bodegas.

Schmidt isn’t sure if this particular variable ended up in a lender’s final model, as financial services firms often adjust their models to account for built-in biases.

But, said David Silberman of the Center for Responsible Lending, these algorithms can’t do much.

“There may be adjustments that, at the margin, will bring more people into the system or give a more complete picture of their creditworthiness by looking at a richer data set,” he said. “But I think it’s marginal. It will not address the fundamental issues of inequality that we face.

What credit score do you need for an American Express card? | Credit card


If you are considering applying for an American Express card, you need to know if you have a good chance of being approved before applying. It starts with understanding the credit score you need for a card.

What credit score do you need for an American Express card?

Unlike some other issuers, American Express does not offer cards aimed at people who have poor credit or are rebuilding their credit. In other words, you’ll likely need a score at least in the “good” range to qualify for an AmEx card. Other American Express cards will generally require even higher scores.

According to FICO score ranges, this means American Express applicants typically have at least a score of 670:

  • Exceptional. 800 and more.
  • Very well. 740-799.
  • Good. 670-739.
  • Fair. 580-669.
  • Poor. 300 – 579.

Why are credit scores important to card issuers? “Consumers with lower credit scores are more likely to have a history of missed payments, high credit card balances, or more serious things like collections or bankruptcy,” says Rod Griffin, senior director of the education and consumer advocacy at Experian, one of the three major credit bureaus. “Consumers with higher credit scores are more likely to have a well-established history of on-time payments, as well as low utilization rates and no default history.”

As such, lenders will look at an applicant’s credit score to determine whether they will make an offer of credit and to determine appropriate credit limits, interest rates and other terms, Griffin adds.

Beyond scores, credit card companies also have a unique set of requirements that a consumer must meet in order for companies to extend a card offer, and these will differ by issuer and specific card. .

How to get your credit score

There are many ways to get your free credit score online. Here are three routes you can take:

  • Use a free service. Sign up for a service like MyCredit Guide from American Express or CreditWise from Capital One, both of which are open to everyone.
  • Check with your issuer. If you have a credit card, your issuer or bank probably allows you to view your credit score through your online account.
  • Sign up for Experian. The credit bureau includes a monthly credit report and FICO score for those who sign up.

American Express cards for different credit ratings

The specific credit score needed for a single American Express card is not made public, but you can make an educated guess. “In general, most card issuers offer many different types of credit cards with different features and terms and may have different risk thresholds depending on the features of the card,” says Tom Quinn, vice president of scores at FICO.

And your credit score is only part of the assessment made by American Express. “While the exact requirements vary between American Express products, we look at things like payment history and total number of cards with American Express, if any, overall debt, reported income, office scores and other information from credit bureau reports,” the company said in a statement.

In general, you will need to have good to excellent credit, with some cards being more difficult to obtain than others.

“You can assume the cards with the best benefits and rewards will require an average credit score of 700 or higher to qualify,” Griffin says. “Higher scores may be required to receive the best terms. Scores of 750 and above, as a rule of thumb, will usually result in receiving the best terms.”

Here are three American Express cards at different tiers to consider:

AmEx EveryDay Credit Card. It’s a no-fee rewards card that offers two points per dollar on groceries and one point per dollar on all other purchases. This is a solid entry-level rewards card that requires good credit, but since there are higher-end products, it would probably be easier to get.

Blue Cash Preferred card from American Express. This card offers a wider variety of benefits, including 6% cash back on groceries (on the first $6,000 spent annually) and 3% cash back on gas stations and public transit. common. It also charges an annual fee of $95.

The Platinum Card from American Express. Platinum Card rewards and benefits are aimed at high spenders and frequent travelers with excellent credit who are looking for a VIP-like experience. The card charges an annual fee of $695.

How to Get Pre-Approved for an American Express Card

First, you need to understand the difference between pre-approval and pre-qualification. Quinn says the terms are used interchangeably, even though they are different. “Pre-approval generally means that the credit card issuer has reviewed your information and, based on that review, has determined whether they will make a firm offer of credit to you. Pre-qualification generally means that the issuer has reviewed your financial information and makes a ‘best estimate’ if you’d be approved if you apply,” he says.

American Express encourages applicants who want to know which cards are best for them to check online prequalification offers with the issuer. After entering your basic information, you will receive personalized offers.

Alternatively, you may receive an unsolicited pre-approved credit card offer in the mail, which means the lender has performed an automated review of your credit history and other criteria and determined that you meet the terms of this offer, Griffin said. “Pre-approved offers are a good thing because they expand the market for consumers.”

Although these offers do not affect credit scores, when you accept an offer you are officially applying for the credit card, at which point the lender will remove your credit.

Of course, you don’t need a formal pre-approval offer to apply for a card. However, it’s wise to research the particular card you’re interested in to get an idea of ​​the requirements.

How to improve your credit score before applying

For most people, the two most important things they can do to improve their scores quickly are catch up on late payments and reduce existing credit card balances, says Griffin. In fact, the payment history and the amounts due represent respectively 35% and 30% of the calculation of the FICO score.

It’s also good to keep an eye on your progress. If you visit annualcreditreport.com, you can get a free copy of your credit report from each of the three credit reporting agencies once a week until the end of 2022. “Checking your credit report will help see where you stand from a credit perspective,” says Griffon.

Montgomery County will charge convenience fees to water customers for credit card use


“The scheduled convenience fee amount will offset credit card charges,” the manager said, adding that the fee will only apply to those who use a card to pay for sewer and water services.

ExploreCounty plans to spend more than $20 million on road construction projects

Montgomery County Environmental Services provides water and sewer services to 80,000 customers and serves 525,000 residents.

It’s time to implement an alternate form of payment, Hilliard said, including direct debit from a bank account where there will be no convenience fee. A person can make a cash payment in person or make a payment at five drop-off locations throughout the county.

Montgomery County Environmental Services will charge water and sewer customers a 2.3% convenience fee starting in August if they use a debit or credit card for payment. MARSHALL GORBYSTAFF

Montgomery County Environmental Services will charge water and sewer customers a 2.3% convenience fee starting in August if they use a debit or credit card for payment. MARSHALL GORBYSTAFF

News of the convenience fee was met with some concern.

Montgomery County Water Utilities customer Zyatrice Frost said some people are already struggling to pay their bills.

“I don’t think that’s fair. We are already going through enough with the pandemic,” she said. “It’s already hard for us.”

She said she would rather not have to carry cash to pay her water bill.

People also expressed concern about the fee on the county’s social media page when it was announced earlier this month.

Anyone with questions about the new policy can call 937-781-2688.

Safe deposit locations:

Montgomery County Water Services – 1850 Spaulding Road, Dayton

Montgomery County Administrative Building – 451 W Third St., Dayton.

Centerville Government Center – 100 W Spring Valley Pike, Centerville.

Township of Harrison. Government Center – 5949 N Dixie Drive, Dayton.

Moraine Government Center – 4200 Dryden Road, Moraine.

How to finance a boat


Buying a boat can be a fun investment, but it can also be expensive. Prices vary depending on the type of boat you are considering, but the average cost of a new boat is usually between $60,000 and $75,000. In addition to the cost of the boat itself, you also need to consider insurance, maintenance and fuel costs. If you are considering buying a boat, but need help financing it, there are several options available to you.

Taking out a boat loan can be an excellent way to finance the purchase of your boat without breaking the bank. There are several things to consider before choosing a boat lender, including loan terms, interest rates, and eligibility criteria. Your credit score will play a major role in determining what terms you qualify for.

What is a boat loan?

A boat loan is a type of personal installment loan offered by credit unions, banks, and online lenders. When you take out a boat loan, you start making fixed monthly payments until the loan is paid off. Monthly payments will include a fixed interest rate and any fees charged by the lender.

Lenders generally have the choice between several repayment methods. The term of the loan and the interest rate you qualify for depends on your credit score, debt-to-equity ratio, income, loan size, and whether you choose to take out a secured or unsecured loan.

Types of boat loan

If you want to finance your boat with a loan, you have several options.

Secured loans

Secured loans require you to provide collateral to ensure repayment of the loan. For a boat loan, you would place the boat as collateral, which means the lender could repossess the boat if you stop making payments or fail to repay the loan.

The advantage of secured loans is that they usually come with lower interest rates and higher loan limits because the lender poses less risk. However, you risk losing your boat if you are unable to make the payments.

Unsecured Loans

Unsecured loans do not require any collateral, which means you do not risk losing any physical assets when you apply for these loans. However, unsecured loans have higher interest rates and lower borrowing limits, especially if you don’t have good credit. For borrowers with good to excellent credit, unsecured loans are a great option.

Where to get a boat loan

If you decide to take out a loan to finance your boat, you have several options. A variety of lenders offer boat loans, including traditional brick-and-mortar banks, credit unions, and online lenders. Before choosing an individual lender, it is important to compare the best boat lenders and find the one that will best suit your needs.

Traditional banks

Many traditional banks offer loans. If you have a relationship with a bank that offers personal loans for boat financing, it may be a good idea to consider taking out a loan from that institution. It’s often easier to get the best rates if you’ve worked with a bank in the past, and some banks offer loyalty discounts to customers who have other accounts with them. Working with a bank may also be your best option if you prefer in-person service.

credit unions

Credit unions, like banks, usually include benefits for pre-existing customers. Credit unions are usually local institutions that must be members to access their products. If you are a member of a credit union or are considering joining one, you may benefit from lower interest rates and more flexible credit requirements.

Online lenders

Online lenders allow borrowers to apply for and receive a loan completely online. These lenders tend to have faster approval and funding processes than traditional institutions. If you prefer an entirely online experience or need your funds quickly, finding an online lender might be your best option.

What to consider before getting a boat loan

Before applying for a boat loan, there are several things to consider. Once you have chosen a boat and determined the amount of money you need to borrow, you need to check your credit score. Knowing your credit score will give you a better idea of ​​the rates and loan amounts you may qualify for from various lenders. The lowest advertised interest rate is never guaranteed. Make sure you have a good idea of ​​what your interest rate will be before signing with a lender, taking into account any fees charged by the lender.

Lenders offer a variety of loan amount ranges and loan repayment ranges. That’s why it’s so important to know how much you need to borrow before researching lenders. Be sure to factor things like maintenance costs and insurance into the total cost of your boat before deciding how much you need to borrow. Generally, larger loans have longer repayment terms, but the exact terms depend on the lender you choose.

It is essential that you do your research and read the fine print before signing up for a loan.

How to apply for a boat loan

If you decide that taking out a boat loan is the right decision, you can follow these steps:

  1. Calculate how much you need to borrow. Owning a boat costs more than the price of the boat itself. You should factor in boating insurance, maintenance costs, and other potential costs when calculating your expenses.
  2. Check your credit score. Knowing your credit score and having a good understanding of your financial situation will help you determine the loan terms you will qualify for with individual lenders.
  3. Choose your type of loan. Boat loans can be secured or unsecured. Secured loans require collateral. In this case, the warranty would be the boat you are buying. If you don’t want to run the risk of losing your boat, it may be a good idea to take out a loan without collateral.
  4. Research lenders. There are a variety of lenders to choose from. Be sure to review the terms and pricing offered by each, as well as any fees charged or additional perks such as auto-pay discounts and 7-day customer service.
  5. Choose a lender and apply. Once you have decided which lender you want to work with, you can apply online or in person if the institution has branches. If you’re deciding between lenders and want to see exactly what the terms will be, many lenders allow you to prequalify without hurting your credit score. This allows you to see exactly what you would qualify for with that lender.
  6. Prepare the necessary documents. During the application process, you will need to provide supporting documents such as pay stubs, W2s, proof of residency, driver’s license, and other documents that show your financial situation.

Alternatives to boat credit

If you don’t want to buy a boat with a personal loan, you can consider other options.

Pay in cash

If you have enough money saved up and are able to afford it, paying cash for your boat might be a smart move. Although taking out a loan allows you to build up credit, paying in cash allows you to avoid additional fees and interest. It also means that your debt ratio and credit score will remain unchanged since the purchase.

Rent a boat

Buying a boat is a commitment that requires regular maintenance, insurance and other expenses. If you want the experience of driving a boat without a long-term commitment and without additional costs, you can consider renting a boat. This would allow you to gain the experience without making any commitment.

Marine financing

Financing through the dealer you buy the boat from is probably the most convenient financing option. Working with the dealer’s finance office can reduce the time spent looking for loans. Sometimes dealers offer special perks like rebates and manufacturer offers. However, financing through a dealership tends to be more expensive, with higher interest rates and longer repayment terms that require you to pay more interest.

At the end of the line

If you want to buy a boat and are financially ready to commit, there are several ways to finance it. However, unless you can pay cash, taking out a boat loan is probably your best bet. Be sure to research the best boat lenders carefully and get quotes from a few different lenders before settling on one. It’s also important to know exactly how much you’ll be paying each month, so try using our boat loan calculator before applying for your loan.

In Indonesia, ‘pay later’ services leave some in debt | Debt News


Ubud, Indonesia – Nadhea Putri’s growing debt started with a single cell phone purchase.

Putri, who lives in Kuala Kapuas, Central Kalimantan, about 1,000 miles from Jakarta, had dreamed for months of upgrading to a newer model but didn’t have enough money.

Then, earlier this year, the 21-year-old university student noticed a buy now, pay later (BNPL) option offered on the checkout page of her favorite online shopping app. It took him less than 24 hours to activate the payment method, and the phone – which cost almost five times his monthly income – was finally his in February.

More than four months later, Putri is still struggling to repay the balance, with mounting interest.

“I’m even too scared to even use my new phone now,” Putri told Al Jazeera, asking to use a pseudonym to protect his anonymity. “Every day, debt collectors call me more than 20 times. I feel terrified, but I can’t tell my parents. I don’t want to overwhelm them.

BNPL, which allows customers to pay for goods in installments at variable interest rates, has helped fill a large lending gap in Indonesia. Credit card penetration in the country is notoriously low, standing at a meager 6% in 2021, with nearly 65% ​​of Indonesia’s 275 million people still unbanked.

As the country’s population has increasingly gone online in recent years, digital payment methods like BNPL have seen an increase in usage. Indonesia’s mobile internet penetration, at 68% in 2021, is now among the highest in the region and is expected to reach 79% by 2025.

Smartphone users like Putri were drawn to BNPL as a quick and easy way to purchase items they might not otherwise have been able to afford.

“I took a photo of my ID card and uploaded it to Shopee to activate my SPAylater,” Putri said, referring to the BNPL service offered by e-commerce platform Shopee.

“It’s very simple. Once verified, I could use the credit to make payments on the platform.”

Credit Barriers

Credit card applicants in Indonesia are generally required to provide proof of monthly income as well as a good credit score, excluding many low earners such as Putri, who between his studies earns between 95 and 300 dollars a month writing for a content provider website.

Shopee, headquartered in Singapore, where Putri regularly shops, is one of the most visited e-commerce platforms in Indonesia. The platform ranked second after Tokopedia, last year, with 126 million monthly visits in the third quarter of 2021.

Shopee’s in-app BNPL service, SPAylater, is one of the many most popular BNPL options in the country, ranking as the most searched deferred payment-related query subject on Google between 2018 and 2021, according to DSInnovate’s 2021 Indonesia Paylater Ecosystem Report. a fixed interest rate of 2.95%, with loan periods of one, two, three and six months.

Although there is no publicly available data on the socioeconomic makeup of SPaylater users, the service’s branding has been firmly targeted at low- and middle-income Indonesians.

In February, Shopee Indonesia released a series of advertisements featuring Nassar Sungkar, also known as King Nassar, a superstar of the dangdut folk music genre that is particularly popular among lower socioeconomic classes.

In one advertisement, a woman is seen standing in front of a family food stall selling food, looking at her phone with a worried expression on her face. “I want to shop, but I’m broke,” she says.

A split second later, Sungkar, dressed in a shiny superhero-like cape, appears, before breaking into song and dance. “Let’s use SPaylater. Buy now, pay later!

Shopee declined to comment when contacted by Al Jazeera.

Shopee used folk singer Nassar Sungkar, or King Nassar, to promote its BNPL service [Courtesy of Risyiana Muthia}

“I saw the commercial almost every day on television,”  Maisaroh, a Spaylater user, told Al Jazeera. “My 16-month-old likes it so much that she copies the dance whenever it is on.”

Like Putri, Maisaroh, who lives in Subang, West Java, is neck-deep in BNPL debt.

“I used the Shopee app very regularly,” Maisaroh, 30, said. “We live far away from the city, so online shopping makes it easier for me. I don’t even need to go outside to shop; the products will be delivered to my doorstep.”

Hoping to make extra money, Maisaroh then began using BNPL to purchase goods to resell to her neighbours.

“In the beginning, everything went well, and I could even make a little profit,” she said. “Then, a family member fell ill, and the money that was meant to pay for our monthly debt had to be used to pay for the medical treatment.”

When her husband’s monthly salary of about $200 proved inadequate to keep the family afloat and meet the BNPL repayments, Maisaroh purchased more items to resell in the hope of making enough money to pay back their debts, only to make the problem worse.

“We can’t even make ends meet,” Maisaroh said. “How could we pay for those? Then we downloaded many lending apps to try to borrow more money, to buy us some time. But it’s been almost six months since the whole thing started, and now I have more than 30 million Indonesian rupiah [$2,024] indebted.”

While Indonesia is expanding access to financial services, the majority of the population still suffers from low financial literacy. A 2019 survey by the Indonesian Financial Services Authority found that the country scored 38.03% on the Financial Literacy Index and 76.19% on the Financial Inclusion Index, highlighting a noticeable gap in the public’s understanding of the financial services available to them.

Ligwina Hananto, founder and CEO of QM Financials, which offers financial education programs across the region, said lack of knowledge puts people at risk.

“When not accompanied by proper financial education, financial inclusion can lead to predatory inclusion,” Hananto told Al Jazeera. “Lack of financial literacy among Indonesians, especially those living in rural areas, can put many of them in vulnerable positions. Especially when it comes to unsecured loans with high interest rates.

“Now people can get loans from various fintech apps. Without understanding the real risks and consequences, the cultural shame associated with debt can quickly fade,” Hananto added.

    Ligwina Hananto
Ligwina Hananto, Founder and CEO of QM Financials, Says Lack of Financial Literacy Puts Indonesians at Risk [Courtesy of Ligwina Hananto]

Sekar Putih Djarot, spokesman for the Indonesian Financial Services Authority, said that although lack of financial literacy is a problem, the country’s debt remains under control.

“The risk profile of financial services institutions in April 2022 was still relatively well maintained, with the gross non-performing loan ratio of banks recorded at 3% and the gross non-performing financing of financial companies at 2.7%,” said said Djarot. AlJazeera.

“Having said that, people need to understand that BNPL is a form of debt, so they need to be able to measure their financial capacity before deciding to use it.”

When asked if loan restructuring or other assistance was available for heavily indebted borrowers, Djarot said: “They can contact the lenders first, and if there is a dispute in the process, they can report it to us, and we can facilitate a mediation”.

For struggling borrowers like Maisaroh, it’s hard to see much hope.

“I often have suicidal thoughts,” she said. “They are on us every day. Tell me, what will happen to us if we don’t find a way to pay? »

Stay the course with a super salary sacrifice to close great deals

The relevant date for the CGT is the date of formation of the contract – even if the performance of the contract is subject to conditions not yet fulfilled.

Sometimes arguments are made that the terms preclude the formation of a contract (as opposed to its performance). However, these types of conditions are rare.

Usually, conditions relating to building and pest inspection, financing, etc. do not prevent the formation of a contract. Therefore, if the conditions are met and the contract ends, the relevant date for CGT purposes is the date the contract was formed – not the date the sale became unconditional.

I read your recent article about withdrawing superannuation money and then putting it back via a re-contribution strategy. My big question is, what (if any) would be the downsides of taking money out and putting it back, and what should I consider before doing so? For example, if I hand over the money immediately, will it make a big difference to my accumulation and interest?

Once you reach preservation age, you can make unlimited tax-free withdrawals from your super and, provided your overall super balance is less than $1.7 million, you can make non-concessional contributions of $330,000 using the three-year rollover rule with no head tax.

There is no downside to doing this, except that you should be aware that you cannot choose which super components you can opt out of. Therefore, if you withdrew $330,000 and re-contributed it, the amount you withdrew may have a substantial non-taxable portion. The non-concessional contribution would be entirely non-taxable.


There has been a lot of information regarding the great changes coming on July 1st. You recently wrote that anyone can contribute to the super until age 67 now but, from July 1, anyone can contribute until age 75 without taking the work test. My financial adviser confirmed to me that the work test is abolished from July 1st. Can you explain to me ?

From the emails I receive, it seems that a lot of misinformation is circulating.

However, the new federal legislation is clear: Starting July 1, anyone can make nonconcessional super contributions up to age 75, as long as their super balance does not exceed $1.7 million.

To make preferential (tax-deductible) contributions, you will need to pass the work test, which involves working 40 hours over 30 consecutive days.

  • The advice given in this article is of a general nature and is not intended to influence readers’ decisions regarding investments or financial products. Before making financial decisions, they should always seek their own professional advice that takes into account their personal circumstances.

Noel Whittaker is the author of Retirement Made Simple and many other personal finance books. Email: [email protected]

VantageScore® Introduces New Inclusion360™ Platform to Highlight Financial Inclusion Opportunities


Financial inclusion and its impact on wealth equality remain among the most important issues facing consumers, lenders and policy makers. To enable greater financial inclusion, VantageScore today announced the launch of Inclusion360. The revolutionary, open-access, interactive analytics platform uses comprehensive datasets to uncover previously underserved consumers by geographic market. VantageScore is an industry leader in predictive analytics and financially inclusive credit score results for traditionally underserved demographics.

Patent-pending Inclusion360 uses new analytical techniques to uniquely combine data from the three national credit bureaus (Equifax, Experian and TransUnion), VantageScore 4.0 credit scores and US survey information over 5 years of the US Census Bureau’s 2019 to generate unprecedented data insights into underserved communities across United States. Using predictive analytics, Inclusion360 identifies nearly 13 million creditworthy consumers who have excellent or close VantageScore credit scores to those who previously had no conventional credit scores. The data is intended to be used to enable lenders and policymakers to discover and identify opportunities for financial inclusion using VantageScore credit scores.

“Inclusion360 provides powerful open-source data and insights to help identify communities of credit-worthy consumers who were sometimes previously excluded from mainstream financial services and wealth-building opportunities,” said Silvio TavaresPresident and CEO of VantageScore.

“Being more inclusive is a win-win. Lenders can safely grow their business and positively impact the financial lives of consumers who were often left behind by outdated scoring models,” Tavares added.

Read also : Effectively manage demand volatility in the supply chain

Data from Inclusion360 helps consumer credit industry stakeholders gain the insights needed to reach creditworthy consumers in US geographies that conventional credit scores would likely limit. Ultimately, providing these underserved consumers with the ability to access credit can improve their financial lives and help close the credit and wealth equality gap.

All data and information provided in and by Inclusion360 are for informational purposes only. Users are responsible for compliance with all applicable laws and regulations when using such data and information, including Fair Lending Laws. Inclusion360 is used to identify potential opportunities for using VantageScore credit scoring models to expand access to credit in underserved communities. It is illegal for a lender to discriminate on a prohibited basis in any aspect of a credit transaction. Representations of VantageScore credit scores do not guarantee obtaining a VantageScore credit score or obtaining a score within a range described as lending. Inclusion360 uses data from the US Census Bureau, but neither Inclusion360 nor VantageScore are endorsed or certified by the US Census Bureau.

Discover the new Enterprisetalk Podcast. For more such updates, follow us on Google News Company news.

Sketchy ads on TikTok encourage high-interest payday loans


A group of secret TikTok advertisers are using sketchy tactics to push massive loans that experts say could violate misleading advertising laws, The Post has learned.

Some of the ads tease “almost instant” five-figure deposits despite bad credit, while others seem to imply that they are part of government “inflation programs” and use the logos of news organizations like CNN.

Cash-strapped borrowers who click on links in many advertisements are asked to provide sensitive personal information, including their social security and bank account numbers.

“At best, these videos are designed to make you give up information you shouldn’t be giving away, which will lead to more solicitations,” John Breyault, vice president of the National Consumer League advocacy group, told The Post. “At worst, this is a complete scam designed either to take your money or information for fraudulent purposes.”

A typical TikTok loan ad opens with a photo of the words “US Government Inflation Program 2022” on a video from the US Capitol.

Some advertisements appear to imply that they are part of the government’s “inflation programs”.

“The US government’s inflation program helps Americans get a loan, even with bad credit,” a voiceover says in somewhat broken English. “You can get up to $50,000 by filling out a simple form.”

The ad then cuts to a shot from the point of view of a person holding stacks of hundred dollar bills in a car.

“I use my money to cover my bills, fill up on gas for the rest of the year, and cover my medical needs,” the voiceover says. “Click the link below, fill out the form in as little as 60 seconds and see how much you can get. Thank me later.”

People who click on the link, which leads to a site called “Lavish Finances”, are asked to fill out forms with personal information, including bank details, social security numbers and addresses.

Lavish Finance says it then passes applicants’ information to lenders, who can respond with loan offers with annual interest rates of up to 35.99% for terms of up to four years. If someone were to take out a loan under the sites maximum terms – $50,000 repaid at 35.99% APR over four years – the user would ultimately be liable for more than $137,000.

Tik Tok Logo
Experts say the sketchy tactics of TikTok advertisers to push massive loans could run afoul of the law on misleading advertising.

Breyald said the loans advertised by Lavish Finance and similar sites are “terrible” for the vast majority of consumers.

“35.99% APR is higher than some of the highest credit card loans,” he said.

Breyault and Bartlett Naylor, a financial policy advocate with consumer rights group Public Citizen, said the ads risked violating Federal Trade Commission rules on misleading advertising.

@Loanssy TikTok announcement for a loan
Other advertisements use the logos of news organizations like CNN.

“If it is implied that it is a government program and you click on it and it is not a government program, my advice is: you are being scammed,” Naylor said, advising people to “stay away” and calling on TikTok to take a tougher line against people. loan announcements.

After The Post contacted TikTok to comment on the ads from Lavish Finances and other companies, the social media site removed them over violations of its advertising policies, which prohibit “misleading, inauthentic and deceptive behavior”.

“Advertisers and ad content must follow our Community Guidelines, Advertising Guidelines, and Terms of Service, and content that violates these guidelines will be removed,” a TikTok spokesperson told The Post.

When The Post emailed the only email address available on the Lavish Finances website for comment, messages bounced back. A phone number listed on the site went directly to a voicemail, which was full. The Lavish Finances site lists the address of a building in Dover, Del., which sells “virtual office services” for $50 per month.

The FTC said it does not comment “if it is investigating a specific company, individual, or business practice.” The agency has not announced any action against any of the sites mentioned in this article, but it frequently prosecutes companies that the agency believes falsely claim to be affiliated with the US government.

Lavish Finances is far from the only advertiser to use questionable techniques on TikTok. An ad that links to a site called PersonalLoanPro shows what appears to be a fake CNN segment. It flashes “BREAKING NEWS” that “AMERICANS CAN NOW CLAIM UP TO $50,000”.

“They’re showing it again,” a man says, pointing to a television showing the segment. “That’s how I got my money.”

The camera then pans to the man’s face as he says: ‘A new benefit was just released last week allowing Americans to claim up to $50,000. You don’t need a credit history at all — no bank requirements. I did it myself and made $8,000 in two days.

A similar Facebook version of the video was slapped with a ‘false information’ warning in May – but as of mid-June it was still being advertised on TikTok without any disclosure.

@Loanssy TikTok announcement for a loan
Some lending sites ask users to enter sensitive information, including their social security number.

Other advertisements related to PersonalLoanPro feature various narrators gushing about receiving money through the site. In one, the text “I got $45,000 almost instantly” appears onscreen as a female narrator walks up to a man and says, “Baby, where did you get all that money ? »

The man shows an online bank account on his phone and says, “That’s really crazy. I just got a $45,000 loan and it’s already in our bank account.

In another ad, a male narrator sitting in a car brandishes wads of hundred-dollar bills and raves that a loan is the “last-minute miracle I desperately needed.”

Like Lavish Finance, PersonalLoanPro asks people to enter sensitive information, including their social security numbers. He says he will then refer them to lenders who can offer them loans with interest rates of up to 35.99% APR on terms of up to 15 years.

“They basically say something like, ‘Nobody else knows, I wish I knew sooner’ — and they show you stacks of cash,” Breyault said. “It’s laughable at first glance, but it’s a common tactic.”

PersonalLoanPro’s site says it’s owned by a Durango, Colorado-based company called On The Barrelhead. Email inquiries sent to both PersonalLoanPro and On The Barrelhead went unanswered, while a call to an On The Barrelhead site phone number went straight to voicemail.

When did credit scores start? A brief overview of the long history


Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners.

Whether you’re getting your very first credit card or applying for a mortgage, your credit score plays an important role in determining whether or not you’ll be able to meet many of your financial goals. Your credit report and that three-digit credit score number can also make a big difference in how much interest you’ll pay on loans as well as the types of loans or credit cards you qualify for.

Credit reports and credit scores as we know them today are part of a long history of merchants and lenders collecting information and using it to assess whether a potential borrower would be able to repay their loans in fully and on time.

Select spoke with Josh Lauer, associate professor of communications at the University of New Hampshire and author of “Creditworthy: A History of Consumer Surveillance and Financial Identity in America,” to learn more about how scoring and Credit reports came into being, and how the two eventually became such an important part of our lives.

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The rise of credit reports

Before there was a credit score, there were commercial credit reports. Unlike consumer credit reports, where individuals are rated based on their level of credit risk, commercial credit reports were originally used by merchants to assess the creditworthiness of potential business customers.

In 1841, the Mercantile Agency was founded as one of the first commercial credit reporting agencies, using people known as correspondents to collect information on lenders and borrowers across the country. In a way, it worked much like a modern credit reporting agency, collecting information on a businessman’s marital status, ethnicity, credit history, and age, which were then entered into a centralized registry in one location, New York City.

This type of credit report relied on subjective evaluation methods – in other words, correspondents would provide ratings of people based on their racial background, gender, and moral character.

It wasn’t until the late 19th century, when department stores and mass retailers grew in popularity, that consumer credit reporting really took off.

Some mass retailers were installment houses, which sold items such as furniture and medicine to customers via installment loans. Retailers needed a way to attract consumers and ensure they would be reimbursed. So they gathered information about their customers and submitted it to a local credit bureau.

Although there are three major consumer credit bureaus today – Equifax, Experian and TransUnion – it would actually take hundreds of years to develop a centralized national credit bureau.

Credit rating settles

It wasn’t until credit reporting became computerized in the 1960s that the industry consolidated.

In the 1960s, there were over 2,000 credit bureaus in the United States. Over the next 20 years, that number would shrink to five and eventually to the three major credit bureaus that exist today, Lauer says.

“Before [the 1960s], all the files were in filing cabinets, on papers and cards,” says Lauer. “So we have these offices that have a lot of money. They come to a town and buy all the local credit bureaus with all [of] their information and then computerize it.”

However, it would take longer for the credit score to gain popularity in the United States, as lenders were reluctant to abandon their use of personality scores in assessing a person’s creditworthiness.

Today, FICO scores are considered the most widely used type of credit score.

According to Sally Taylor, vice president and general manager of FICO Scores, the company was founded in 1956 and initially worked with commercial clients to develop company-specific credit scoring models.

A company would engage FICO and then use its customer files to produce an individualized model, which would then be used to calculate the credit risk level of its customers, Lauer explains.

In 1989, FICO worked with the national credit bureaus to create a credit score model that could be used to rate all consumers – this is when the first generalizable credit score was born.

“The idea that there is a generic model means that many different businesses can use a credit score for the first time, which makes credit scoring much more accessible and popular among lenders,” Lauer says.

FICO scores were later cemented as a crucial part of the financial decision-making process when Fannie Mae and Freddie Mac began requiring mortgage applicants to submit them in the mid-1990s.

Credit Scores Today

Today, there are many types of credit reporting models used by various lenders. FICO, however, remains one of the most widely used – the company says its scores are used by 90% of major lenders.

FICO’s credit scoring models have evolved since 1989 to account for ever-changing consumer behaviors. Today, scores range from 300 to 850, with higher scores indicating a greater likelihood that a consumer will repay their loan in full and on time.

Unlike credit reporting and credit reporting methods of the past, factors such as race, age, gender, and marital status are no longer considered. Instead, the following five factors are used to calculate an individual’s FICO credit score:

  1. Payment history (35%): Whether or not you paid your old credit accounts on time
  2. Amounts due (30%): The total amount of credit and loans you are currently using compared to your total credit limit, also known as utilization rate.
  3. Length of credit history (15%): The length of time you have had credit
  4. New credit (10%): How often you request and open new accounts
  5. Composition of credit (10%): The variety of credit products available to you, including credit cards, installment loans, finance company accounts, and mortgages

In recent years, efforts have also been made to include data that is not typically used to calculate credit scores. *Experian Boost™ was launched in 2019, allowing users to include recurring payments such as utility bills and monthly subscription payments on their Experian credit report.

Experian Boost™

On Experian’s secure site

  • Cost

  • Average increase in credit score

    13 points, although results vary

  • Affected credit report

  • Credit score model used

In the United States, 26 million Americans are considered “invisible” when it comes to credit due to a lack of credit history, with the problem affecting black, Hispanic and low-income people more. Experian Boost can be a useful tool for those with poor credit scores – or no credit scores at all – as it allows information regarding on-time payments to be included on their credit reports, which can help increase it a bit.

For those who want more detailed information about their credit rating and monitor changes to their credit report, consider a credit monitoring service. Experian’s free credit monitoring and Experian IdentityWorks℠ provide you with warnings of potential fraud that can help protect you against identity theft.

Other free options for viewing your credit score include CreditWise from Capital One which shows you your VantageScore from TransUnion or Discover Credit Scorecard which shows your FICO score from Experian.

Experian Dark Web Scan + Credit Monitoring

On Experian’s secure site

  • Cost

  • Credit bureaus monitored

  • Credit score model used

  • Dark web analysis

  • Identity insurance

Experian IdentityWorks℠

On Experian’s secure site

  • Cost

    $9.99 to $29.99 per month

  • Credit bureaus monitored

    Experian for the Plus plan or Experian, Equifax and TransUnion for the Premium plan

  • Credit score model used

  • Dark web analysis

  • Identity insurance

    Yes, up to $500,000 for the Plus plan and up to $1 million for the Premium plan*

* Identity theft insurance underwritten by subsidiaries of insurance companies or affiliates of American International Group, Inc. (AIG). The description below is a summary and is intended for informational purposes only and does not include all of the terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions and coverage exclusions. Coverage may not be available in all jurisdictions.

*Results may vary. Some may not see an improvement in scores or approval ratings. Not all lenders use Experian credit reports, and not all lenders use scores impacted by Experian Boost.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff only and have not been reviewed, endorsed or otherwise endorsed by any third party.

America is losing faith in its justice system, with good reason

Faith in the courts is on life support in America.

On Thursday, we heard from Justice Department officials about election conspiracies being debunked in court across the country — decisions that a significant portion of our citizens on the right of the political spectrum reject.

Mario Nicolais

On the same day, the United States Supreme Court issued rulings undermining gun control rights and Miranda’s rights, angering left-wing activists.

And on Friday the most political decision in the history of our country, Dobbs vs. Jacksoncanceled Roe vs. Wade.

For decades, trust in the legislative and executive branches of government has seen confidence in their ability to govern erode. Bitter partisanship and political campaigning have taken their toll on America and its confidence in its government.

But the judiciary has long been the only branch above politics.

Throughout our country’s history, the courts have enjoyed a respect reserved for no other subset of government. They are the arbiters of truth, the hallowed halls of justice, a blindfolded statue holding scales and a sword.

Even their setting and attire conveyed a separation from the ugly politics in which other branches wallow. From the black-robed dais to the crest behind the bench.

Joseph Campbell, the eminent scholar of comparative mythology, noted that when a “judge walks into the room and everyone stands up, you don’t stand up to that guy, you stand up to the robe he door and the role he is going to play. What makes him worthy of this role is his integrity, as a representative of the principles of this role, and not a group of prejudices of his own.

But that’s exactly where we are now.

Americans on both sides of the political aisle believe judges are now entering courtrooms with preconceived outcomes. They believe that a fair and just trial is not possible. They believe that the courts, especially the highest courts of appeal, contain only political hacks isolated from elections and popular votes.

It’s hard to blame them.

For decades, Democrats and Republicans have used the courts as a political punching bag. Republicans in particular have decried “militant justices” while simultaneously working to appoint their own nationwide.

In four years, President Donald Trump has appointed two-thirds the number of justices in four years compared to either of his immediate predecessors during their eight-year term. Trump has appointed one fewer justice than Obama to the Court of Appeals and one more to the all-important Supreme Court. Of course, it was on this seat that things really took off.

When U.S. Senate Republicans refused to hold hearings, let alone vote to confirm, Merrick Garland (now U.S. Attorney General) on the Supreme Court several months before a presidential election, they put the imprimatur of partisanship on the nomination process. They etched it in steel when they reversed course to pass Judge Amy Coney Barrett days before the next presidential election.

READ: Colorado Sun Opinion Columnists.

Unfortunately, the judges seem to play right into the assumption. I argued that judges must respect Judge Antonin Scalia’s precept that “the judge who always likes the results he achieves is a bad judge”.

The decision of the current Supreme Court of the United States to overturn 50 years of precedent and remove a constitutional right, for the first time in its history, is nothing but politics. Whatever Judge Samuel Alito says, this is not a situation similar to Brown v. Board of Education. Rather, it is the political end he has been seeking for decades.

Alito’s decision will have a significant and lasting impact on our democracy regardless of its effect on abortion laws.

America is likely to rock political turmoil in the weeks, months, years and decades to come. Sadly, it seems that we will no longer have the unshakeable pillars of justice to keep us moored in the storm.

Mario Nicolais is a lawyer and columnist who writes about law enforcement, the justice system, health care and public policy. Follow him on Twitter: @MarioNicolaiEsq

The Colorado Sun is a nonpartisan news organization, and the opinions of columnists and editorial writers do not reflect the opinions of the editorial staff. Read our Ethics Policy to learn more about The Sun’s Opinion Policy and submit articles, suggest authors or give feedback to [email protected]

We believe vital information should be seen by those affected, whether it is a public health crisis, investigative reporting, or holding lawmakers accountable. This report depends on the support of readers like you.

High interest rates signal it’s time to tackle credit card debt


(NerdWallet) — Credit card debt can be difficult to manage, even at the best of times, but increasingly, high interest rates are adding to that challenge.

The Federal Reserve announced a 0.75% increase in the federal funds rate – its biggest hike in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating them into a fixed rate product like a personal loan, there are strategies that can help.

prioritize credit card debt

Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed-rate products like personal loans may not see as much of a change in interest rates when the federal funds rate rises, variable-rate products like credit cards likely will.

Higher rates on credit cards mean people will start paying more to have a balance at a time when household budgets are already stretched due to rising consumer costs, said property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

It can also mean that progress on other important goals, such as saving for a home, is being sidelined as more people focus on making ends meet. Arevalo, however, says there is still plenty of time to get ahead of a rising rate environment.

“When (the Federal Reserve raises) interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he said. . “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

First steps

Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

Then, she says, you can use an online tool, like a debt repayment calculator, to enter the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you might remember not using a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that surprise you.

“Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

Other Strategies

If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, Davis said, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

A 0% balance transfer card is one of the best ways to consolidate your debt if you have good or excellent credit (FICO score of 690 or higher). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

If you can’t qualify for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may be charged a start-up fee and monthly fee for using this service.

Rising interest rates mean it’s time to eliminate your credit card debt


(NerdWallet) – Credit card debt can be difficult to manage, even at the best of times, but ever-higher interest rates are adding to that challenge.

The Federal Reserve announced a 0.75% increase in the federal funds rate – its biggest hike in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

Why You Should Prioritize Credit Card Debt

Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed rate products like personal loans may not see as much change in interest rates when the fed funds rate rises, variable rate products like credit cards likely will.

Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

“When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

Tackling Your Credit Card Debt: First Steps

Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you might remember not using a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that surprise you.

“Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

Other Strategies to Fight Credit Card Debt

If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, says Davis, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

At 0% balance transfer card is one of the best ways to consolidate your debt if you have good or excellent credit (FICO score of 690 or higher). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may be charged a start-up fee and monthly fee for using this service.

Beyond the Rhetoric: Abortion Restrictions Will Affect the Poor and Minorities Unequally


As with so many aspects of the culture wars, the American abortion debate seems to devote little time to examining what the policies will actually do to the people they target.

Proponents of the restrictions – or outright bans – believe they are fighting to save unborn lives. But while the question of when an unborn fetus becomes a person is more a matter of faith than sciencethese restrictions can have a profound impact on many people who are undeniably people.

Of course, those who will be most deeply affected will be the women and families who have little or no money to leave the state for an abortion in the likely event that Ohio severely restricts or bans the procedure. after the cancellation of Roe v Wade. .

So it seems important to see what the data can say about who these women are and what restricting their ability to end unwanted pregnancies means for Ohio and the rest of the country.

Each year, the Ohio Department of Health compiles abortion statistics in the state, giving a partial picture of who receives them.

A striking fact is the number of fewer women from all walks of life who terminate their pregnancies. The number has dropped from just under 45,000 in 1977, the first year for which the state released statistics, to around 20,000 in 2020, the most recent year for which figures are available.

Not surprisingly, the largest group of women who had abortions in Ohio in 2020 were in their 20s — 59% — followed by women in their 30s, 29%. It’s also not surprising that 62% of women had an abortion before they were nine weeks pregnant, while less than 2% had it after 19 weeks of pregnancy.

And, while it’s no surprise that single women are more likely to have abortions, in 2020 they were much more so. Ohio health statistics indicated that 82% of the 20,605 women who have had abortions in the state have never been married, separated, divorced or widowed.

But perhaps most striking about Ohio’s statistics was just how overrepresented black women were.

Ohio is only 13% Black, but black women had 48% of all abortions in 2020, the largest group. Whites, on the other hand, make up 82% of the state’s population, but white women made up only 44% of the group receiving abortions.

The fact that so many single, black women abort might suggest they didn’t believe they had the emotional and financial support they needed to raise a child—often on top of the children they already have. Also, more than 27% of black people in Ohio lived in poverty in 2020, compared to only 10% of whites.

However, there is evidence that at least nationally, poorer women are less likely to have abortions than their wealthier counterparts.

A 2015 study by the Brookings Institution found that while women living below the poverty line were much less likely to use contraception and more likely to become pregnant unintentionally, those who did were less likely to have an abortion.

Between 2011 and 2013, 32% of women earning four times the federal poverty level who had inadvertently become pregnant had abortions, according to the study. This compares to less than 9% of women living below the poverty line during the same period.

The cost could be something that drives poorer women away from the abortion clinic.

Planned Parenthood reports its cheapest early pregnancy procedure in Ohio costs $650. If so, new restrictions seem likely to drive up the cost, particularly if they require women to travel out of state for the procedure.

It seems important – with the United States Supreme Court apparently set to overturn the 1973 decision – to consider the consequences this could have for women who will not be able to have abortions and for society in general.

A paper published in 2020 by the National Bureau of Economic Research attempted to do so.

In it, two economists and a demographer used credit data to build on 2016 data. Rejection study, which followed 1,000 women who had sought abortions at 30 clinics across the country. Through follow-up interviews, this study sought to compare women who turned away from abortion with those who received it.

In the follow-up analysis, “The Economic Consequences of Abortion Denial,” the research team compared credit information between women who were denied abortions due to state gestational limits to those women who had an abortion but were within two weeks of these limits. She sought to examine the financial stress caused not only by the costs of having and raising a child, but also by “a well-documented large and persistent decline in income (i.e. the ‘child penalty’ ) that women experience on average after the birth of a child. »

The three researchers detected a lot of financial stress.

“We find that abortion denial resulted in an increase in the amount of debt 30 days or more overdue by $1,750, a 78% increase over their pre-birth average, and negative ‘public records’ on the credit report, such as bankruptcy. , evictions and tax liens, by approximately 0.07 additional records, an increase of 81%,” the newspaper said.

He added: “These effects are persistent over time, with high rates of financial distress observed in the year of birth and for all of the following 5 years for which we observe women. Our point estimates also suggest that being denied an abortion may reduce access to credit and self-sufficiency, particularly in the years immediately following birth, although these estimates are not always statistically significant.

Of course, the worst economic outcomes for these mothers and their babies don’t just affect them. They also affect all other children and family members that the woman takes care of.

Being forced to carry a child to term can also increase the chances that a child will be unwanted and can lead to poor societal outcomes, such as increased crime.

In 2001, economists John J. Donohue III and Steven Levitt published “The impact of legalized abortion on crimein the Quarterly Journal of Economics. He tried to explain the dizzying fall in crime in the 1990s from historic highs in the 1960s, 1970s and 1980s.

After ruling out other decline theories, he concluded that the legalization of abortion in 1973 resulted in far fewer unwanted children and, as this cohort came of age, far less crime.

“Legalized abortion appears to account for up to 50% of the recent drop in crime,” he said.

The newspaper elicited a fierce response across the political spectrum. Some, including Supreme Court Justice Clarence Thomascompared it to the pseudo-science of eugenicswho advocated the sterilization of people with traits deemed “undesirable”.

In a Podcast 2019, Levitt said subsequent research has bolstered their earlier work. He also denied that his and Donohue’s research advocated forcing anyone to do anything.

“I actually think our article makes it very clear why this has nothing to do with eugenics,” Levitt said. “In our hypothesis, what happens is that abortion becomes legal, women have the right to choose and what the data suggests is that women are quite good at choosing when they can put on children in the world; when they can provide them with good environments.

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GGRAsia – SJM Confirms New $2.4 Billion Lending Facility

SJM confirms new $2.4 billion loan facility

Macau casino operator SJM Holdings Ltd said the group had reached an agreement for new syndicated credit facilities of up to HKD 19 billion ($2.42 billion), representing a term loan facility of HKD 9 billion and a revolving loan facility of HKD 10 billion.

The deal is with a syndicate of banks led by the Industrial and Commercial Bank of China (Macao) Ltd, the casino company said in a filing on the Hong Kong Stock Exchange on Thursday.

SJM Holdings opened its new HKD 39 billion Cotai resort, the Grand Lisboa Palace (pictured), in July last year.

A substantial portion of the new loan facilities “will be used to repay existing syndicated loan facilities” under SJM Resorts Ltd, the unit that owns the Macau gambling concession.

“After the refinancing, SJM Resorts will have HKD 6 billion of additional liquidity,” the parent company added.

The new loan facilities mature on June 20, 2028, with an effective interest rate equal to the Hong Kong Interbank Offered Rate (HIBOR) or Macau Interbank Offered Rate (MAIBOR), plus a range between 1.25 % and 2.25%.

“For the first six months, the effective interest rate will be HIBOR or MAIBOR plus 1.65%,” SJM Holdings said, adding that the refinancing plan “has been approved by the Macau government.”

SJM Holdings chairman and chief executive Daisy Ho Chiu Fung said earlier this month that the company should be able to draw on the new loan facility in the current month.

Meet the Austin finance company that partners with Spurs and helps people get credit


Starting next season for the San Antonio Spurs, you’ll see an Austin-based fintech company on team uniforms.

Self Financial announced a partnership with Spurs this week, in which a patch with their logo will replace where Frost’s was on the jersey.

RC Buford, chief executive of Spurs Sports & Entertainment, has released a statement on the partnership, which will involve community engagement. The organizations are launching an annual $10,000 award to be given to a leader of a local nonprofit or community impact organization.

“Self-creating credit, Spurs create talent and both build dreams,” Buford said.

“Our partnership will draw parallels between people looking to build credit and a talented young group on the basketball court determined to build a champion team. We believe the Self-branded Spurs jersey will become a symbol of this mission – self-improvement in pursuit of building dreams.

This follows another announcement made earlier this year by Self as the Moody Center’s Official Credit Sponsor.

Early in the year, the team of nearly 300 employees moved to a new office at 901 E. 6th St. to accommodate the growing team.

Priding itself on helping people build their credit, Self was launched in 2015 after CEO James Garvey went through his own credit mishap. Automatic payments on his credit card were not set up correctly. Months passed, causing his credit rating to plummet.

The Self team has credit plans in place to help people budget and reach their financial goals. Here’s how it works: Plans range from small to extra large, with the small requiring $25 per month for two years and the largest requiring $150 per month for one year. With this, users can track their credit score and automate payments with the ability to cancel at any time.

Currently, Self has over one million active customers and Texas is its primary market.

Self is working with Spurs guard Josh Primo as a brand ambassador. In 2021, at age 18, Primo moved from Canada to the United States and became the youngest San Antonio Spurs player ever.

“As a young international player, Josh has no credit history in the United States and represents millions of young people who need to build credit and work hard to achieve their dreams and goals,” Garvey told Austinia via email. “We are excited to work with him as he begins to build his credit and continues to build his career.”

On Thursday, Self will be the presenting partner for the Spurs 2022 NBA Draft festivities, which will include official watch parties in San Antonio and Austin.

Same Day Payday Loans Online – Fast Loans For 1 Hours


Same Day Payday Loans Online

Get 100% cash advance online even with bad credit. The best service for fast loans!

Eligibility criteria

The easiest way to find out if a payday loan is right for you is to talk to the person running it. If the person proposing it accepts. While these types of online same day payday loans can be useful in an emergency, they are also often used for other purposes that can see you paying thousands of dollars in interest in a short period of time. They involve a minimum payment of $300 or $500 to qualify.

This type of loan may have a fee or an interest rate and should be carefully considered before applying for a payday loan. However, payday loans are usually harder to repay because they don’t allow you to pay the loan directly by credit or debit card. This type of loan is a good choice for people who may be facing difficult economic circumstances or who are under a lot of stress.

Quick Payday Loans

Most payday lenders are structured as instant loans; therefore, you have less than a day to repay your loan. In most cases, you will need to pay an additional $100 or $200 as a deposit with your loan. Payday lenders are usually geared towards young people to get people off the hook and help them through unexpected hardships or economic situations. These same day online payday loans can be used for anything, including paying off a car loan, rent, utility bills, and even health insurance or student loan bills.

These types of loans require you to pay a fee to help repay your loan, but these can be prompt payments in addition to other base payments. If you prefer to have an instant cash advance, it is better to look for a quick cash advance, which is better than instant credit in addition to your other payments. Cash back credit and cash advances don’t require a deposit and will be easier to repay if you’ve made poor lending decisions.

Repay cash loans quickly

The lender will take charge of your personal credit report and immediately start applying for a loan based on your credit report. You will have to pay the lender within twenty days of receiving the request. The borrower must repay the loan within the same time frame as your existing credit card or loan. To ensure that the borrower will repay the loan, borrowers must show at least two weeks of income and a payment record that shows the consumer has used their funds as intended.

Quick Cash Loans are available to people interested in lending money at a pace that may be difficult or impossible in a real situation. The lender usually pays interest at a low rate (usually 3% or less per month) and is able to offer repayment in 10 monthly installments. The lender will make a deposit in your accounts and then pay off the balance over the next six months.

Eligibility for Fast Cash Loans Online

The ability to get instant payment is appealing, especially for those looking to use the funds to meet a personal emergency or help an elderly parent pay a monthly bill. But the reality is that people can use fast cash loans to get cash to make their payments from home. Some people don’t have access to credit and are unable to pay a mortgage at this time. With Quick Cash Loans Online, you can receive an approved quick cash loan online instantly. You won’t have to visit your local bank to get approved. The fast cash loan application is the same for individuals who have and have a credit history. And now it is possible to get money for almost everyone on the same day online payday loans on the most favorable terms, now you can’t search where to borrow money for their needs.

Cash advance companies may also ask you to provide proof of your income and use it to verify your income and verify your income. This type of payment means you don’t have to worry about how much you owe to get approved in the first place.

Flexible and affordable online loan

With the proliferation of alternative payment methods available online, you may be wondering how to get the most out of your current method of keeping your hands on cash. The solution, especially in recent years, is to create your own online bank account for your checking account. If you are serious about saving and investing for the long term, this may be the best decision you can make. You must remember that you can get money very quickly, literally, which allows you to benefit from it and solve your financial problems quickly.

Accept payments from your checking account through the same fast cash. Loans are one such product. Products have a minimum down payment of $500, no upfront fees, and no minimum monthly payment. The monthly payments are fixed at 2.9% in the case of a mobile cash advance, 3% for a cash advance and a cash advance on a bank card. You can also get same day payday loans online and as you can see it can be done on very favorable terms as the interest rate on the loan is lower than the banks.

Quick cash advances are best suited to small and medium businesses with a low percentage of customers who can afford cash advances. Many consumers prefer to use cash over a credit card, and online cash advance and online fast cash advances are good options for the business owner. These are great options for getting a quick cash advance without any of the upfront loan costs or interest rates that can be too high.

Money from loans or debts

There are a variety of lenders, but they generally charge high interest rates, just like payday loans. But now there is a way to get same day payday loans online at a very low interest rate which will help you solve all your financial difficulties and do it very quickly. If you make a monthly payment on a debt such as a rental deposit, car loan, or mortgage, you won’t use those funds for anything other than paying off your debt.

If your loans are repaid to some degree, you may want to consider borrowing money from a credit union. Unlike your payday loans, these types of loans are structured and guaranteed by a bank or thrift institution, giving you the protection of a bank.

Online loans cash in hand

One of the best ways to get easy cash is to borrow same day payday loans online and from online lenders. For example, if you are interested in buying a car, your car payment may not be made in a month. You need to pay off your loan in a short period of time, so it’s better to borrow a used vehicle than to make a new purchase. Borrowing on an online cash advance can be quick, convenient, and usually guaranteed.

Day 7, Kansas Wheat Harvest Report

By Julia Debes – Kansas Wheat

It’s Day 7 of the Kansas Wheat Harvest Reports, presented by the Kansas Wheat Commission, the Kansas Association of Wheat Growers and the Kansas Grain and Feed Association.

With an eye to the sky, Kansas growers are maintaining the rapid pace of the 2022 wheat harvest. In the weekly crop progress and status report, the USDA’s National Agricultural Statistics Service noted that 27% of the wheat crop had been harvested by June 19, compared to 11% last year and 18% for the five-year average. Statewide, the agency rated the condition of the wheat crop as 27% good to excellent, 33% fair and 40% poor to very poor.

Harvest is two-thirds complete in Cowley County, where the sun shone, keeping humidity levels low and combines moving fast. Yields in the region are between 80 and 85 percent of the five-year average, according to Kevin Kelly, general manager of Two Rivers Coop in Arkansas City. The quality is decent, with test weights close to normal at 60-61 pounds per bushel.

This growing season oscillated between adequate moisture in the fall, a dry spell in late winter, and then almost too much rain starting in late March before drying up just in time for the wheat harvest.

“We are very grateful for what we have received,” he said.

The moisture received has dried quickly, which means there is no disease pressure in the area, but farmers looking to double plant soybeans or with corn tassels in fields are watching for forecast for the next showers. The crop mix in Cowley County has changed in recent years, allowing Two Rivers Coop to harvest more soybeans than wheat. The dry weather means they can hold this year’s wheat crop a little longer than normal before clearing the bins to make way for the fall crop.

Further north and west, harvest got off to a brisk start in Ellis County late last week. Daren Fischer, general manager of the Golden Belt Coop Association in Ellis, said the wheat harvest was about a third complete, having harvested 350,000 to 400,000 bushels since the first load last Friday.

While the wheat is very dry – moisture between 9 and 10% – and the test weight is good, Fischer sees a mix of poor wheat and better than expected wheat. Yields range from 20 bushels per acre to 50 bushels per acre, depending on the variety, farming practices and whether or not people have caught erratic rains.

“Wheat was quite a surprise due to the lack of rain,” Fischer said. “We just had timely rain and wet snow that saved us. It’s just a matter of luck. »

Not all farmers were so lucky. The big white combine – hail – washed away a substantial part of Coop Grain & Supply’s draw area in Bazine, according to managing director Michael Kempke. The co-op is shooting within about 10 miles, and the last two hailstorms have affected nearly 5,000 acres in that area.

Despite storms that destroyed some fields, Kempke reported that the harvest was better than expected for such a dry year. Continuous wheat fields yield between 25 and 35 bushels per acre, while summerfallow fields yield about 45 bushels per acre. Test weights are good at 62 pounds per bushel and protein averages 11.3%.

Harvesting is progressing rapidly, about 40% complete after starting around June 13th. Kempke noted that the first fields caught people off guard by being so dry; humidity averages 10.8 percent. Harvest is moving in the region from the southwest to the northeast, so he expects the combines to work for another week as the easternmost fields continue to dry out.

Acres were already down in the region, with growers turning to more sorghum, driven by international demand. Kempke expects this trend to correct itself this fall with more people returning to their normal crop rotations.

The 2022 Harvest Report is brought to you by the Kansas Wheat Commission, the Kansas Association of Wheat Growers and the Kansas Grain and Feed Association. To follow harvest updates on Twitter, use #wheatharvest22. Tag us at @kansaswheat on Facebook, Instagram and Twitter to share your harvest story and photos.

64% of Americans want a credit card that reduces their environmental impact: study

A person's hands holding soil and a tree seedling

Sarayut Thaneerat/Moment/Getty Images

GreenPrint, a global environmental technology company, released the results of its 2022 Business of Sustainability Index on Tuesday. The study found that 64% of Americans are looking for a credit card that automatically offsets some of the environmental impact of their purchase. Additionally, 60% of Americans are more likely to buy stock in an environmentally conscious company than in one that is not.

The 2022 Business of Sustainability Index (which you can Download here — GreenPrint will plant a tree for every download) launched in March 2022 to 1,062 US adults ages 18 and older.

The index also found that 66% of Americans – and 80% of Americans between the ages of 18 and 34 – are willing to pay more for sustainable products, but 78% of American consumers don’t know how to identify whether a product is or not durable.

For consumers wondering if their credit card is sustainable, there are a handful of things to look out for.

According Experian, the first thing is the material. Some cards (including some Mastercards) are made with recycled plastics, metals or even wood. Other things to look for are if you can make charitable donations to eco-friendly charities or if you can offset your carbon footprint with every purchase. Consumers should also know the issuing bank and whether it is doing anything to protect the environment.

Additionally, according to GreenPrint’s index, only 38% of Americans believe a company says it’s environmentally friendly, up from 47% in last year’s index. Among the least reliable industries are airlines, fleet services, and gas and energy providers.

Also: Financially healthy consumers fell to 43%. Here’s how banks need to step up

“Over the past year, public confidence in the authenticity and effectiveness of corporate sustainability efforts has been significantly eroded,” said Pete Davis, CEO and co-founder of GreenPrint, in the press release.

“This puts companies that are making real progress in a bind because their actions are less likely to be recognized,” Davis added. “To regain trust, the data clearly shows that Americans want companies to validate their sustainability claims through independent sources, both at the company level and for their products.”

For brands looking to bridge the trust gap between consumers and their business, GreenPrint said it’s about transparency in messaging, meeting audiences where they are – for example, on social networks. for young consumers – and to make it clear that the company is working to reduce its carbon impact.

The study also found that, despite record gas prices, 64% of Americans would pay more for gas as long as the gas supplier offsets its carbon footprint from emissions through sustainability efforts. This percentage climbs to 75% for Americans aged 18 to 34.

According Search Yardenithe average U.S. household could spend more than $5,000 on gas in 2022. The average gas price so far in June, according to Statisticalis about $5 per gallon.

As gas prices continue to climb, many consumers are looking for a way to put money back in their pockets after filling up at the pump. Reward credit cards could be the solution.

However, despite promises of net zero, large banks (like Bank of America and Wells Fargo) continue to invest in environmentally harmful industries, including fossil fuels. According the Banking on Climate Chaos 2022 report — which monitors how much big banks invest in fossil fuels — the banking industry invested a total of $741.83 billion in fossil fuels in 2021.

JP Morgan Chase leads the list with $61.73 billion, followed by Citi with $41.35 billion and Wells Fargo with $46.22 billion. And despite Wells Fargo’s net zero promise, its investment in fossil fuels nearly doubled to $26.64 billion in 2020. Bank of America also invested $31.98 billion in fossil fuels in 2021 It should be noted, however, that the number of Bank of America has increased from $42.15 billion in 2020.

So are there any truly sustainable credit card options for consumers in 2022? There are a few to consider, but unfortunately they aren’t as rewarding as standard credit cards, especially for gas expenses.

That said, here are two sustainable credit cards that make money for gas while doing something for the environment:

  • Visa FutureCard: Earn 5% cash back for eco-friendly spending and 1% for everything else. It doesn’t require any fees or even a credit check, just a valid bank account. Purchases eligible for 5% include electric vehicle charging, public transport, thrift stores, new proteins, bicycles/scooters and plant-based food products. Consumers can even track their carbon footprint using the Future app. You can subscribe to the card here.
  • Zero Aspiration Credit Card: Earn unlimited 0.5% cash back for everything you buy. And for every purchase made with the card, Aspiration will plant a tree. You can track your carbon footprint in the Aspiration app; each month you achieve a zero carbon footprint, Aspiration will double the cash back you earn for purchases made during that billing cycle. There’s even a $300 welcome bonus for spending $3,000 in the first three months with the card. However, this requires good credit and there is an annual fee of $60. you can check it here.

3 in 4 online shoppers experience buyer’s remorse, survey finds


Shopping online can lead to impulse purchases and the temptation to overspend, preventing consumers from reaching their financial goals, according to a new survey. (iStock)

While online shopping is a convenient way to purchase the items you need and compare prices between retailers without leaving the comfort of your home, survey data indicates that it can also lead to bad shopping habits. consumption.

Nearly three-quarters (74%) of online shoppers have experienced buyer’s remorse, according to a recent study on the Slickdeals coupon search website.

The most common regret expressed was that the value of an item was less than expected for the price (39%), followed by not really using an item purchased online (34%). About a third (32%) of consumers said they regretted spending too much money when shopping online.

If you feel the need to splurge, keep reading for tips on how to curb overspending habits. Plus, learn more about how to manage your credit card debt. One strategy is credit card consolidation, which involves paying off high-interest credit card debt with a fixed-rate loan. You can read more about personal loans for debt consolidation on Credible.


How to Adopt Healthy Spending Habits When Shopping Online

One of the most common consumer regrets is that they spend too much money when shopping online, according to the survey. If you share this feeling, check out these tips from the credit reporting company, FICO, to help you stop overspending online:

  • Don’t shop online when you’re in a bad mood. Get yourself in a clear frame of mind before whipping out your credit card to avoid unnecessary spending. You might also want to stay away when you’ve been drinking – around six in 10 consumers have admitted to shopping online while intoxicated, according to Slickdeals.
  • Wait a day before making an online purchase. Move the item out of your cart and into a list to save it for later. If you still need the item in the next few days, think carefully if the purchase is worth it.
  • Avoid Buy Now, Pay Later (BNPL). Installment finance options like BNPL can tempt you into spending too much on a purchase you can’t really afford. And if you miss a BNPL payment, it could hurt your credit score.
  • Make a shopping list with spending limits. Just like at the grocery store, you should come prepared with a detailed list of the items you need, to avoid impulse buying those you don’t have. Also set a dollar limit for how much you’re willing to spend per item.
  • Put some money aside for a “splurge fund”. This separate account can come from birthday money, work bonuses or other cash receipts. If you need retail therapy, you can tap into that extra cash reserve instead of relying on credit or dipping into your emergency savings.

As a bonus, you can put your rainy day fund into a high yield savings account and watch the balance grow over time with interest. You can visit Credible’s online financial market to compare savings rates from multiple banks at once.


What to do if you’re struggling with credit card debt

Shopping online can be a gateway to overspending for consumers struggling to manage their credit card balances. If you’re having trouble keeping track of your spending behavior, learn more about common debt repayment methods in the sections below.

Consider meeting with a credit counselor

Non-profit credit counseling agencies offer free or low-cost debt management services to consumers struggling with financial planning.

A credit counselor can analyze your monthly income and expenses to help you establish a budget. In some cases, they might sign you up for a debt management plan (DMP) to pay off your creditors in fixed installments. Credit counselors may even be able to negotiate with creditors on your behalf to secure a lower interest rate or waive late fees.

You can find a licensed credit counseling agency in your area at the Department of Justice website.


Use a credit card with balance transfer

Credit card balance transfers allow you to transfer debt from one or more accounts to a new card with a lower interest rate. Applicants with excellent credit can even qualify for a 0% APR introductory offer, effectively giving them a period of up to 18 months to pay off their debt interest-free.

However, balance transfer cards are generally reserved for borrowers with a very good credit score, defined by the FICO model like 740 or higher. Therefore, debtors with good or bad credit may not qualify. Additionally, many credit card companies charge a balance transfer fee, usually between 3% and 5% of the transferred amount.

You can visit Credible to compare balance transfer credit cards for free without affecting your credit score.


Consolidate your credit card balances into a fixed rate loan

Credit card consolidation allows borrowers to consolidate multiple higher interest rate debts into one monthly payment with a personal loan. According to the Federal Reserve, personal loans typically offer lower rates than credit cards, which means you may be able to save money in interest charges, pay off debt faster, and lower your monthly payments. through debt consolidation.

Personal lenders determine interest rates and eligibility based on the length and amount of the loan, as well as the creditworthiness of the borrower. Applicants with good credit and a low debt-to-income ratio (DTI) will be eligible for the lowest interest rates available, while those with fair or worse credit may not be eligible at all.

Personal loan rate by credit score

Most lenders allow you to prequalify to see your estimated interest rate with a soft credit check, which won’t impact your credit score. You can prequalify with multiple lenders at once in Credible’s personal loan marketplace.


You have a financial question, but you don’t know who to contact? Email the Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.

Identity theft in Alabama increases dramatically in 2022


DOTHAN, Ala. (WTVY) – As costs rise with gas and inflation, identity theft is skyrocketing, especially in the state of Alabama.

It’s a growing national problem, with a new report from Lending Tree’s QuoteWizard detailing some of the rapid increases since 2019.

For Alabama, this is one of the 10 worst increases in the United States, with the state ranking 8th in the number of ID cases since the start of the decade.

From 1,630 reports in 2019 to 2022 so far with a total of 5,198, this equates to a 219% increase.

Alabama is not alone in dealing with the problem. Cases in Louisiana increased 396% over the same period, cases in Mississippi increased 252%, Florida increased 175%, and Georgia increased 122%.

The report, based on FTC data, says that 35 US states saw an increase of more than 100% in identity theft in 2022 compared to 2019. The only two states reporting an increase of less than 50% are the Maine (46%). and New Hampshire (32%).

These identity theft reports range from credit card fraud, loan/lease fraud, telephone/utility fraud, bank fraud, employment/tax fraud and government document/benefits fraud.

Most of the increases are directly related to government document/benefit fraud, with most related to measures taken during the pandemic. Criminals were able to take advantage of the global health event and the influx of more people online to easily obtain personal information. Most scammers use it to steal unemployment benefits, stimulus payments, and other newly formed government relief efforts.

Bank fraud has also seen significant increases, with 293% more cases in 2022 compared to 2019. For the government document or benefit fraud category, this is a 270% increase from 5,707 cases in 2019 to 21,444 in 2022.

While there are many steps you can take to further protect your own identity, such as identity theft insurance, here are some of the steps you should take if you think you may be a victim of identity theft. identify :

  1. Check your credit score with the three major credit reporting agencies (Equifax, Experian and TransUnion). The Fair and Accurate Credit Transactions Act allows you to get a free report once a year from one of three credit bureaus. There are other credit monitoring services, but their capabilities tend to be more limited.
  2. Get a free Federal Trade Commission (FTC) Identity Theft and Recovery Plan and Theft Report.
  3. Dispute any fraudulent information in your credit reports. If you provide your creditors with an official report of identity theft, debt collectors are generally prohibited from contacting you about debts related to the theft once you have sent them a discontinuance letter.
  4. Contact Equifax, Experian or TransUnion for a free fraud alert. You do not have to request an alert from the three agencies. If you alert one of them, they will alert the other two. A fraud alert can be active for up to seven years.
  5. Place a credit freeze. Since September 2018, consumers have been allowed to freeze and unfreeze their credit reports free of charge. Freezing your credit report prevents anyone, including you, from accessing your credit reports. This can help prevent identity thieves from opening fake accounts in your name.

And of course, contact local law enforcement who can help prevent any false actions on your behalf.

Copyright 2022 WTVY. All rights reserved.

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Qorvo expands its portfolio of highly efficient power amplifiers for radar applications

New S-Band and C-Band products deliver industry-leading performance

GREENSBORO, North Carolina – June 20, 2022 – Qorvo® (Nasdaq: QRVO), a leading provider of innovative RF solutions that connects the world, today introduced two market-leading power amplifiers that deliver superior added power efficiency for radar systems.

Qorvo’s new QPA2935 is a 2 watt S-band MMIC power amplifier and the QPA0506 is a 4 watt C-band MMIC power amplifier (PA). Both are compatible with previous devices, TGA2597-SM and TGA2599-SM, allowing a simple replacement option to instantly improve system performance in terms of power and efficiency. The devices offer flexible bias points, allowing customers to increase RF power as well.

Doug Cole, general manager of Qorvo’s defense and aerospace business, said, “These new PAs expand the broad range of applications served by Qorvo’s defense and aerospace portfolio. 4W and 4-5W amplifiers, offering a simple way to improve efficiency by 20 percentage points with instant pin compatibility.”

The characteristics of these new APs are:


  • Frequency range: 2.7 – 3.5 GHz

  • Output power: 33dBm

  • EPA: 52%

  • Large signal gain: 18 dB

  • Package dimensions: 4 x 4 mm


  • Frequency range: 5.0 – 6.0 GHz

  • Output Power: 36.5dBm

  • EPA: 53%

  • Large signal gain: 18 dB

  • Package size: 4 x 4 mm

Qorvo’s QPA2935 and QPA0506 are now available in production quantities.

Join us at IMS (#IMS2022), June 21-23. For more information on Qorvo solutions, announcements and meeting requests, visit our Qorvo IMS 2022 homepage.

Discover Qorvo’s RF solutions for critical applications here: https://www.qorvo.com/applications/defense-aerospace.

About Korvo
Qorvo (Nasdaq: QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise, and global manufacturing scale to quickly solve our customers’ most complex technical challenges. Qorvo serves various high-growth segments of major global markets, including advanced wireless devices, wireline and wireless networking, and radar and defense communications. We are also leveraging our unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things and other emerging applications that expand the global framework interconnecting people, places and things. Visit www.qorvo.com to find out how Qorvo connects the world.

Qorvo is a registered trademark of Qorvo, Inc. in the United States and other countries.

Media Contact:
Katie Caballero
Marketing Communications Manager
Qorvo Infrastructure and Defense Products
Telephone +1 972-994-8546
[email protected]

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements regarding our plans, objectives, statements and assertions, and are not historical facts and are generally identified by the use of terms such as “may”, “shall”, “should”, “could”, “expect”, “plan”, “anticipate “, “believes”, “estimate”, “predict”, “potential”, “continue” and similar words, although certain forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent the judgment and management’s current expectations, but our actual results, events and performance could differ materially from those expressed or implied by the forward-looking statements. We do not intend to update update these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, except to the extent required by US federal securities laws. Our business is subject to numerous risks and uncertainties, including those related to fluctuations in our operating results; our substantial dependence on developing new products and securing design contracts; our dependence on several large customers for a substantial portion of our revenues; the COVID-19 pandemic materially and adversely affecting our financial condition and results of operations; loss of revenue if defense and aerospace contracts are canceled or delayed; our dependence on third parties; risks associated with sales through distributors; risks associated with operating our manufacturing facilities; business interruptions; low manufacturing yields; increased inventory risks and costs due to the timing of customer forecasts; our inability to effectively manage or maintain scalable relationships with platform providers; our ability to continue to innovate in a highly competitive industry; underutilization of manufacturing facilities due to industry overcapacity; adverse changes in interest rates, prices of certain precious metals, utility rates and foreign exchange rates; our acquisitions and other strategic investments do not achieve our financial or strategic objectives; our ability to attract, retain and motivate key employees; warranty claims, product recalls and product liability; changes to our effective tax rate; changes in the favorable tax status of certain of our subsidiaries; the enactment of international or national tax legislation, or changes in regulatory guidance; risks associated with environmental, health and safety regulations and climate change; risks related to international sales and operations; economic regulation in China; changes in government trade policies, including the imposition of customs duties and export restrictions; we may not be able to generate sufficient cash to service all of our debt; restrictions imposed by agreements governing our indebtedness; our dependence on our intellectual property portfolio; claims for infringement of third-party intellectual property rights; security breaches and other similar disruptions compromising our information; the theft, loss or misuse of personal data by or about our employees, customers or third parties; the provisions of our governing documents and Delaware law may discourage takeovers and business combinations that our shareholders might consider to be in their best interests; and the volatility of the price of our common shares. These and other risks and uncertainties, which are described in more detail in Qorvo’s most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause results to and actual developments materially different from those expressed or implied by any of these forward-looking statements.

Irdai plans to link insurance fraud to personal credit score


Some studies show that globally, approximately 10% of premiums have been lost due to fraud.

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First published: Sunday, June 19, 2022. 7:14 PM IST