Solo Business – Thany http://thany.org/ Wed, 04 Aug 2021 07:17:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://thany.org/wp-content/uploads/2021/06/icon-2-150x150.png Solo Business – Thany http://thany.org/ 32 32 What to Know About Car Title Loans and How It Works https://thany.org/what-to-know-about-car-title-loans-and-how-it-works/ https://thany.org/what-to-know-about-car-title-loans-and-how-it-works/#respond Sun, 25 Jul 2021 20:08:00 +0000 https://thany.org/what-to-know-about-car-title-loans-and-how-it-works/ 212Loan Get to know what a car title loan is and how it works. NEW YORK, NEW YORK, UNITED STATES, July 25, 2021 /EINPresswire.com/ – Need money quickly to pay rent, bills or deal with emergencies? Then an auto title loan could be the answer to your money problems. A car title loan is a […]]]>

212Loan

Get to know what a car title loan is and how it works.

NEW YORK, NEW YORK, UNITED STATES, July 25, 2021 /EINPresswire.com/ – Need money quickly to pay rent, bills or deal with emergencies? Then an auto title loan could be the answer to your money problems.

A car title loan is a short term loan where the borrower uses the title of his car, truck, motorcycle, semi-truck or other vehicle as collateral. Simply put, a car title loan is where a borrower gives the lender title to their vehicle in exchange for quick funds. Just like payday loans, car title loans usually last for 15 to 30 days, and you can get up to $ 10,000 to deal with any unforeseen emergency you might have.

Car title loans are attractive because they are quick, don’t require a credit check, have less paperwork, and you can get the money in less than an hour of walking into the lender’s store. All you have to do is take your car to the lender, get their approval for the loan, give the lender title to your vehicle, get the money, and pay off the loan on the due date. ‘due date. But before you apply for an auto title loan, you need to make sure that your vehicle is clean, free from payment, and in good repair. A vehicle with past due payments or repair problems will reduce your chances of getting the loan.
The exact amount you get from a car title loan is based on the current market value of the vehicle used as collateral. And the loan limit is usually between 25% and 50% of the current market value of your vehicle.

Before getting an auto title loan, you should know that there are two types of auto title loans – and which one you get depends on the agreement between you and the lender. The types of auto title loans available to you are:

1. Single installment loans: This car title loan requires you to repay the money owed, including the 25% monthly finance charge (interest rate) and other charges, all at once after 30 days. . Multiple payments are not accepted in this type of auto title loan, and borrowers have to pay it all off in one large sum or risk losing their vehicle.

2. Installment loans: This auto title loan allows you to make several installments spread over 3 to 6 months. Most installment loans also have an annual percentage rate (APR) that tells you how much it costs to borrow money for a year. The APR is based on:

• The amount borrowed
• Monthly interest rate
• Term of the loan
• And how much you pay for the additional costs.

How it works
Getting a car title loan is very easy, as lenders don’t care about proof of your source of income or your credit score. They only need your car and a few documents to show that you are who you are and that you own the car. Your application can be completed on the lender’s website, but you will need to bring your car to the lender’s physical store for document verification and vehicle inspection.

Here’s how an auto title loan works:
Step 1: You complete the application form online or in the lender’s physical store.

Step 2: You show the lender your car and other necessary documents like your photo ID and proof of your car title, auto insurance, and driver’s license.

Step 3: The lender checks the condition of the vehicle, confirms the documents and approves the loan.

Step 4: You get the money and he keeps your car title

Step 5: You pay off the loan plus interest after 30 days and get title back to your car.
Additionally, a lender may also require a borrower to install a GPS tracker or device that turns off a car’s ignition in the vehicle in the event of a potential trade-in. This extra detail is put in place to protect the interest of the lender as there is an above average risk of default with this short term loan.

A real life example of how to get a car title loan
Travis is strapped for cash and cannot afford his daughter’s medical bills. He decides to borrow money from a lender using his vehicle as collateral for an auto title loan. He gives the lender the necessary documentation and he obtains a loan of up to 50% on the basis of the current market value of his vehicle. He reimburses after 30 days and recovers the title of his vehicle again.

How to find a trusted lender
If you are looking for a place to find a trusted lender, we suggest you give 212Pawn a try. 212Pawn is a research site that gives you access to the best lenders in your area. All you have to do is enter your vehicle details and they will put you in touch with the best lenders.

Now that you know how an auto title loan works, why not apply for one and take care of your emergencies!

Mr. Ready
212Loan
+1 2122035407
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Top 10 summer activities to do alone – Le Cavalier Quotidien https://thany.org/top-10-summer-activities-to-do-alone-le-cavalier-quotidien/ https://thany.org/top-10-summer-activities-to-do-alone-le-cavalier-quotidien/#respond Sun, 25 Jul 2021 20:02:05 +0000 https://thany.org/top-10-summer-activities-to-do-alone-le-cavalier-quotidien/ 1. Learn to use a grill Grilling is part of the idyllic American summer experience, so grab your propane, charcoal, or natural gas – if you’re feeling adventurous – and throw in whatever feels right for you. Lately I’ve seen people get more creative with their grilling techniques and push the boundaries of what you […]]]>

1. Learn to use a grill

Grilling is part of the idyllic American summer experience, so grab your propane, charcoal, or natural gas – if you’re feeling adventurous – and throw in whatever feels right for you. Lately I’ve seen people get more creative with their grilling techniques and push the boundaries of what you normally think can be grilled. From roasted kale pizza to French toast – I can’t lie when I say it’s surprisingly good – the possibilities are endless. Remember to turn off the grill when you’re done!

2. Go for a walk

My God, I look like my mom right now, but she makes a valid point. My three-week Netflix frenzy needs to be balanced with time outdoors, and there’s no better way to do that than with a leisurely stroll around the neighborhood. The walk is simply underestimated – the number of dogs I’ve petted has grown exponentially since March 2020, and I don’t plan on slowing that trend. And while petting dogs isn’t your thing, outdoor walks are scientifically proven to help brain function and reduce stress, so you may be able to reap some benefits anyway.

3. Do a summer cleaning

Summer cleanses come in many shapes and sizes, and they’re a great way to get away from the hot summer sun. Organize your files on your computer, rearrange your bedroom and detoxify your space. Now is the perfect time to build that Ikea piece of furniture that has been sitting in its box in the corner of your apartment for seven months, and you can finally rid the forgotten moldy fruit from the back of your fridge. A summer cleaning is a great way to feel rejuvenated – I can attest from personal experience that the satisfaction of having all the Cookout receipts removed from my car was simply heavenly.

4. Make a smoothie

Sometimes the best way to cool off on a hot summer day – and effectively use all the ingredients that are about to expire – is to simply mix a bunch of produce, ice, and your choice of liquid in a blender. . I am personally jealous of people whose smoothies always seem to reach the perfect consistency. Mine always end up tasting more fruit with an occasional sneaky piece of ice cream waiting to surprise me through my reusable straw. Either way, there are so many great recipes out there, leaving you with few excuses not to use up the extra fruit you and your roommates impulsively bought last week.

5. Read a book

Reading books seems pretty old fashioned these days, but it’s a great way to take a break from the technology that seems to be consuming more and more of our daily lives – I’m talking about TikTok. Escape to an adventure novel, feel the love with healthy romance, or discover how words alone can give you chills with classic horror. With so many options to choose from, it will be hard to decide what to read. Maybe the easiest thing to do is go back to those books you had to read in high school. And yes, I tell myself that too because maybe they were really good books.

6. Look at the stars – or fireflies

There is something magical about staring at the stars on a hot summer night. I can’t really explain the feeling, but it brings back memories of summer camp with my childhood friends. Sometimes the best way to gaze at the stars is to stretch out on a warm alley, which serves as a concrete cradle for the imagination. Summer campfires under the stars, with the chirping of cicadas, the soft twinkle of lightning and good music in the background – speak of a summer night to remember. Add “Fireflies” by Owl City, and here is your recipe for nostalgia!

7. Support your local businesses

As more and more people get vaccinated against COVID-19, we are starting to see the return of farmers’ markets and the reopening of convenience stores and boutiques. Show them some support! Supporting your local businesses not only helps foster a sense of community, but also encourages the growth of distinct local flavors that make each of our hometowns special. So buy local! It can reduce your environmental impact and make your hometown a more sustainable place.

8. Find a summer job or immerse yourself in your internship

Finding a job has always had its appeal to students when we repopulate our hometowns for the summer months, especially since it’s a great way to get out of the house and earn some much-needed cash. If you choose to do so, try working at a local business! Summer jobs are a great way to make new friendships and relationships, as the pandemic may have cut a lot of them. And if you’re lucky enough to have secured an ever-elusive internship, gain that experience, speak to senior management, and create change. You never know what life lesson the working world can teach you until you return to Grounds in the fall.

9. Watch a summer movie

Summer movies always leave me in a good mood, especially those movies that bring back childhood memories. Disney classics – like “Camp Rock” and “Teen Beach Movie” – and summer comedies – especially “Mamma Mia!” – are the perfect solo watch, and they remind us of simpler times. So grab the popcorn and turn on the TV because the movies are waiting for you. Personally, I would recommend watching these movies on those rainy summer afternoons as they are the best times to take a break and relax with a movie.

10. Enjoy a sunset

Cotton candy skies and sunny landscapes can be found almost anywhere, and the summer months make sunset watching an ideal activity. A summer sunset has a special place in human culture, and it is an experience that should be dearly cherished. Beaches, mountains and cityscapes are all perfect places to watch the soft glow of the summer sun fade and the crickets start their summer songs. Notably, however, our own Charlottesville has scenic spots to watch the sunset. So make yourself comfortable wherever you can and prepare to be amazed by the beauty of our skies.

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Tompkins Financial Corporation – Consensus Says Potential 12.7% Hike https://thany.org/tompkins-financial-corporation-consensus-says-potential-12-7-hike/ https://thany.org/tompkins-financial-corporation-consensus-says-potential-12-7-hike/#respond Sun, 25 Jul 2021 15:09:34 +0000 https://thany.org/tompkins-financial-corporation-consensus-says-potential-12-7-hike/ Tompkins Financial Corporation – Consensus Says Potential 12.7% HikeTompkins Financial Corporation with ticker code (TMP) now have 2 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price is between 87 and 80, with the average target price being 83.5. With the stock’s previous close at 74.07, this would indicate that there is a potential upside of 12.7%. The […]]]> Tompkins Financial Corporation – Consensus Says Potential 12.7% Hike

Tompkins Financial Corporation with ticker code (TMP) now have 2 analysts covering the stock. Analyst consensus indicates a rating of “Hold”. The target price is between 87 and 80, with the average target price being 83.5. With the stock’s previous close at 74.07, this would indicate that there is a potential upside of 12.7%. The 50-day moving average is now at 78.62 and the 200-day moving average is now at 79.34. The company’s market capitalization is $ 1,126 million. Visit the company’s website at: http://www.tompkinsfinancial.com

Tompkins Financial Corporation, a community-based financial services company, provides commercial and consumer banking, leasing, trust and investment management, financial planning and wealth management, as well as services insurance. The company operates in three segments: Banking, Insurance and Wealth Management. It accepts a variety of deposit products including checking accounts, savings accounts, term deposits, IRA products, negotiated term deposits, reciprocal deposits, and municipal money market accounts. The company also offers loans for a variety of business purposes, including real estate finance, construction, equipment finance, accounts receivable finance and commercial leasing; residential mortgage loans; personal loans; residential real estate loans; home equity loans; commercial and industrial loans; commercial real estate loans; agriculture-related loans; and consumer loans, such as personal installment loans, direct and indirect auto financing, and overdraft lines of credit. In addition, it provides letters of credit and sweep accounts; credit and debit cards; and deposit and cash management, internet account, remote deposit, secure deposit, voice response, ATM, and mobile and internet banking. In addition, the company offers investment, trust and estate management, as well as financial and tax planning services; property and casualty, life, disability and long-term care insurance services; employee benefit consultancy services; and insurance planning services. It is primarily aimed at individuals, business executives, small business owners and high net worth individuals. The company operates through a network of 64 bank offices, including 44 offices in New York City and 20 offices in Southeastern Pennsylvania. Tompkins Financial Corporation was founded in 1836 and is headquartered in Ithaca, New York.

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The rules for the payment of salaries, pensions and the EMI will change from August https://thany.org/the-rules-for-the-payment-of-salaries-pensions-and-the-emi-will-change-from-august/ https://thany.org/the-rules-for-the-payment-of-salaries-pensions-and-the-emi-will-change-from-august/#respond Sun, 25 Jul 2021 05:23:02 +0000 https://thany.org/the-rules-for-the-payment-of-salaries-pensions-and-the-emi-will-change-from-august/ People will no longer have to wait a business day for their salary to be credited to their accounts. From August 1, all major banking transactions such as salary, pension and equal monthly deposit (EMI) payments will take place 24X7, according to a report from Livemint on Sunday. Sometimes the first day of a month […]]]>

People will no longer have to wait a business day for their salary to be credited to their accounts. From August 1, all major banking transactions such as salary, pension and equal monthly deposit (EMI) payments will take place 24X7, according to a report from Livemint on Sunday.

Sometimes the first day of a month falls on a weekend and people have to wait until Monday to see the message on their phone that their salary has been credited to their accounts. And therefore, the above provision was introduced.

Reserve Bank of India (RBI) Governor Shaktikanta Das during the bimonthly monetary policy review last month said in a bid to further improve customer convenience and take advantage of 24-hour availability 24/7 Real Time Gross Settlement (RTGS), the National Automated Clearing House (NACH) will be available every day of the week starting August 1.

So far, NACH is only available on bank working days, typically Monday through Friday.

What is NACH?

NACH is a bulk payment system operated by the National Payments Corporation of India (NPCI). NACH facilitates one-to-many transfers such as the payment of dividends, interest, salaries and pensions, as the PTI news agency reported.

It also facilitates the collection of payments for gas, electricity, water, telephone, periodic loan payments, mutual fund investments and insurance premiums.

NACH has become an important direct benefit transfer (DBT) mode for a large number of beneficiaries. The Central Bank said this payment system is helping transfer government grants during the current coronavirus disease (Covid-19) pandemic in a timely and transparent manner.

(With PTI inputs)

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efforts across payday finance markets to Washington State prospects and committees, 2004-2021 https://thany.org/efforts-across-payday-finance-markets-to-washington-state-prospects-and-committees-2004-2021/ https://thany.org/efforts-across-payday-finance-markets-to-washington-state-prospects-and-committees-2004-2021/#respond Sun, 25 Jul 2021 02:11:15 +0000 https://thany.org/efforts-across-payday-finance-markets-to-washington-state-prospects-and-committees-2004-2021/ efforts across payday finance markets to Washington State prospects and committees, 2004-2021efforts across payday finance markets to Washington State prospects and committees, 2004-2021 Moneytree, a Seattle-based payday lender, recently lobbied the Washington state legislature to reduce the restrictions on payday advances passed in 2009. Two bills are introduced in the 2015 session that repeal the limit on two-week payment plans and allow installment loans. that could […]]]> efforts across payday finance markets to Washington State prospects and committees, 2004-2021

efforts across payday finance markets to Washington State prospects and committees, 2004-2021

Moneytree, a Seattle-based payday lender, recently lobbied the Washington state legislature to reduce the restrictions on payday advances passed in 2009. Two bills are introduced in the 2015 session that repeal the limit on two-week payment plans and allow installment loans. that could be repaid over a period of one year. Despite some initial triumphs, the momentum for this brand new payday financing legislation has stopped at home. While HB 1922 never escaped the House Directives committee, an alternative to SB 5899 which allowed six-month payout methods was authorized by the competent committees in both the Senate and the home, and offered the floor of the Senate. It had finally been introduced to another welcoming committee and it is now labeled “everything but it’s dead home”.

The Institute conducted its own analysis and found that contributions from Moneytree and its affiliated donors account for a significant majority of payday loan contributions in Washington over the past decade†“and much of that money has gone to Lawmakers in positions of considerable influence with media attention directed to the campaign contributions of the lender. The key lawmakers at the center of this debate are one of the primary targets of loan providers: not only are these lenders the sponsors of the bill, but some associated with the primary beneficiaries sit on the appropriate committees, especially the seating committee. The Institute’s My Legislature tool makes it almost effortless to review the efforts of individuals in particular committees. which are legislative.

The lion’s share of payday fundraising efforts in Washington go to Moneytree. Markets in general have added nearly $ 720,339 since 2004, 74% of which came from Moneytree, their workers, and Katsam, LLC, an entity professionally owned by Moneytree. This group of contributors (hereinafter referred to as “Moneytree donors”) has been mixed in the last three elections, providing $ 293,155 since 2009, 55% of the total donated by Moneytree donors since 2004.

Figure 1: Lion Loans That Are Payday

A dysfunction of the celebratory affiliate efforts associated with recipients suggests that while Moneytree donors favored the Republican outlook, the amount of money has often been directed to the partisan powers that benefit. The $ 33,025 provided to Democratic celebratory committees in Washington is paltry compared to the $ 174,930 provided to Republican committees in Washington. This imbalanced allocation of campaign funds from Moneytree donors, though, is barely representative of contributions made to prospects.

  • Local Democrats received $ 68,400, nearly 15% more than their Republican counterparts. Democrats have maintained much of this chamber for more than 10 years.
  • In circumstances that may not have seen a Republican governor since 1985, Democratic candidates for governor have won nearly three times as many as GOP candidates.
  • Moneytree donors gave Republican candidates for the state senate $ 79,875, “a chamber controlled by the GOP since the 2013 session,” more than double the amount of their Democratic counterparts.
  • Other statewide prospects racked up $ 18,138, of which 81% went to two-term Republican lawyer General Robert McKenna, who became the Republican candidate for governor of Washington in 2012.

Figure 2: Moneytree Donors’ Efforts to Washington State Strategies, by Party Affiliation, 2004-2014 *

Moneytree donors have generously contributed to lawmakers who helped pass payday funding legislation. Senator Marko Liias, the main Senate sponsor of SB 5899, has received $ 5,300 from Moneytree donors since 2004, including $ 3,800 for their 2014 reelection bid. In all, Liias had the twelfth highest total of Moneytree donors among all state nominees since 2004. Rep. Lawrence S. Springer, the main sponsor of the HB 1922 house, is certainly not far behind: he also got $ 3,800 in 2014, and has totaled $ 4,200 of effort during the period of their careers, the fifteenth largest amount to pass applicants.

SB 5899 had been assigned to chaired committees by lawmakers who have accumulated a lot of campaign money from the donors of Moneytree. Senator Donald Benton, seat of the Senate Committee on Banking Institutions, has received $ 16,175 in contributions from Moneytree donors since 2004, right next to the government. This is the former Christine in perspective since 2004. Much over 40 percent of the senator. The Benton ™ total of Moneytree donors came in when they last ran for re-election in 2012. Representative Steve Kirby, chair of this family business and financial services committee, raised $ 8,600 from Moneytree donors, the sixth-highest total among prospects in the state since 2004. Kirby†Moneytree’s Complete Donors’ Complete includes $ 3,800 in its 2014 campaign.


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Mentoring makes life’s hardships more manageable https://thany.org/mentoring-makes-lifes-hardships-more-manageable/ https://thany.org/mentoring-makes-lifes-hardships-more-manageable/#respond Sun, 25 Jul 2021 01:01:18 +0000 https://thany.org/mentoring-makes-lifes-hardships-more-manageable/ For those who grew up with positive adult role models, it’s easy to take for granted how much easier life is when you have someone to turn to for answers and advice. But what happens when no one is around to explain how to sign up for utilities or a bank account? Anyone to warn […]]]>

For those who grew up with positive adult role models, it’s easy to take for granted how much easier life is when you have someone to turn to for answers and advice.

But what happens when no one is around to explain how to sign up for utilities or a bank account? Anyone to warn about the effect compound interest can have on a loan, or to help put together the paperwork needed to apply for a job or for student loans? No one to help celebrate a birthday or think about the next step to chasing a dream?

This month’s episode of Find Your Cause focuses on the value of mentoring, both individually and to the community. As this month’s profiles and essays show, the needs are many, as well as many rewards for those who want to invest their time and attention.

If any of this month’s stories motivate you to get involved, we’ve got a list of ways to be a mentor, as well as resources for those who need a little guidance and support.

If you like what you’re reading or think of another story we should pursue, let us know via email at letters@news-leader.com. And be sure to catch up on previous Find Your Cause installments:

In March, the focus was literacy.

April’s theme was domestic violence.

May was a giant edition on Mental Health.

June watched (the lack of) affordable housing.

Amos Bridges is the editor of the News-Leader. He can be reached at 417-836-1170, abridges@news-leader.com or on Twitter @AmosBridgesNL.

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Get a credit limit increase with a Credit One Bank card https://thany.org/get-a-credit-limit-increase-with-a-credit-one-bank-card/ https://thany.org/get-a-credit-limit-increase-with-a-credit-one-bank-card/#respond Fri, 23 Jul 2021 21:08:45 +0000 https://thany.org/get-a-credit-limit-increase-with-a-credit-one-bank-card/ When your Credit One Bank credit card arrived, it had a credit limit based on your assessed creditworthiness of … When your Credit One Bank credit card arrived, it had a credit limit based on your assessed creditworthiness from the time you applied. If you’ve since used your credit card responsibly or increased your income, […]]]>

When your Credit One Bank credit card arrived, it had a credit limit based on your assessed creditworthiness of …

When your Credit One Bank credit card arrived, it had a credit limit based on your assessed creditworthiness from the time you applied. If you’ve since used your credit card responsibly or increased your income, you may be eligible for an increase in your credit limit.

“Getting a credit limit increase won’t hurt your credit score,” says Chuck Czajka, founder of Macro Money Concepts in Stuart, Florida.

In fact, an increase might even improve your score, as long as you don’t use the higher limit to spend beyond your means. Credit One is for clients with bad and less than perfect credit, so for those with credit problems, a credit rating increase is a welcome result of this demand.

Here’s what you need to know if you want to increase the credit limit on your Credit One Bank card.

Who is eligible for a credit limit increase with Credit One?

Issuers regularly assess borrowers for potential credit increases. In fact, if you’ve been a responsible credit card user or increased your income, Credit One can increase your credit limit for you. If Credit One has not done so, you may need to contact the issuer to request a raise.

“You don’t need a reason to increase your credit limit, although there are plenty of reasons you might ask,” Czajka explains. For example, “getting a raise can help you repair your credit or make big purchases more efficiently.” It can also help you consolidate your debt by allowing you to transfer a balance from a card with a higher interest rate to one with an increased limit.

[Read: Best Secured Credit Cards.]

“You should have had the card for at least six months and have a good history of paying off your debt on time for the credit card in question and any other cards and loans you may have,” says Lisa Fischer, Director of Growth and loans. at Mission Lane, which helps customers build credit.

Responsible use also applies to credit cards you have from other issuers. One Bank Credit assess your credit and payment history with him as well as with other creditors.

“You may also want to apply when you receive a raise or additional income, so that the credit card companies have more evidence that you can handle the increased expenses,” says Fischer. “On the other hand, you might want to wait to request a raise if your credit isn’t where you want it, if you’ve recently opened another line of credit, or if you’ve suffered a pay cut. ”

Credit card issuers also consider the length and stability of your employment history when determining credit limit increases.

“It’s important to only ask for a credit limit increase if you’re sure you’re not overspending and will be using your credit responsibly,” Czajka explains. “Receiving a credit limit increase means you can spend more on your credit card at the same time, which can be good for responsible users and potentially dangerous for those who don’t pay their bill in full each month. ”

What to do before asking for a raise?

“Before asking for a raise, make sure your credit is in tip top shape,” says Fischer. The best way to show you’re ready for a credit limit increase is to use your current cards responsibly. “Make all of your payments on time and try to contribute more than the minimum payment if possible given your financial situation,” she says.

This applies to all of your credit accounts, not just the card you want a raise on. Responsible use of your cards can help you maintain a low rate of credit usage, or the percentage of your available credit that you are using at any given time, which improves your chances of being approved.

Issuers also look at your income, Czajka says. They will likely assess your debt-to-income ratio. If your debt is too high or you’re struggling to pay off your obligations, getting approved for a credit increase is much more difficult, Czajka explains.

[Read: Best Credit Cards for Fair Credit.]

If you’ve nearly used up all of your current cards, the bank may consider you a high-risk borrower and be less willing to give you a larger line of credit.

“Also, avoid doing anything that could potentially lower your score, like opening a new credit card or take out a loan, or make a big purchase like a car or furniture that reduces your available funds, ”says Fischer. She also recommends taking a close look at your credit report to make sure everything is correct. “Sometimes there can be errors (on the report) that can take a long time to correct,” she says.

Skeff Bisset, managing partner at Bisset Financial Group, says don’t stress too much about your actual credit score. “Frequently, the rating agencies show you a number that may be higher than what is seen by credit card and loan providers,” he says. “If you have a solid score with a good stamp, you might feel comfortable applying.”

Ultimately, getting a credit line increase is about personal responsibility and consistency, Bisset adds. “Showing good behavior and managing what you spend (and) do with your credit is key. ”

How to request a credit limit increase with Credit One Bank

Credit One Bank automatically examines your account for eligibility for the increased credit limit and notifies you as soon as you qualify for a higher line of credit, but you can also request an increase by calling customer service at 877 -825-3242.

Credit One cardholders who have bounced back from potentially credit-damaging events, such as bankruptcy, divorce, or unemployment, should take note of any changes in their finances. When you request a credit limit increase, have these updates of your personal financial information handy, including annual income, employment status, and monthly rent or mortgage payments. The bank determines your debt ratio and assesses your financial stability using this information.

Bisset tells consumers who apply for a credit limit increase or a new credit card to also ask their provider for a lower interest rate. “Believe it or not, they can negotiate with you on this.”

What to do if your request is refused

“There are many reasons why banks deny people increases in credit,” Czajka says. High balances, late payments in the last 12 months, have too many credit cards or even going to too many credit card companies can all be reasons to deny a request for a credit limit increase.

“I have seen credit card issuers send letters if you were refused because of information on your credit file,” he says. “Some companies will even give you the option to correct this information and reapply. ”

[Read: Best Balance Transfer Credit Cards.]

You can also contact the bank directly for more information on the reasons why you were refused. Credit One cardholders who are denied a raise may need to show improvement by paying on time or staying on top of their balance before taking on more responsibility.

“Consumers should always want to know as much as possible about their financial situation so that they can make improvements where they can,” says Fischer. “This will help improve their chances of getting approved for increases in the future, as well as for other credit needs, such as a mortgage or installment loan. ”

Some common reasons include having a new account. The bank needs to see payments on time for several months before you become eligible for a raise. Setting up automatic payment can help you never miss a payment.

How Can Increasing Your Credit Limit Affect Your Finances?

Increases in your line of credit can have a positive impact on your finances if you use the increase responsibly. “If your financial situation has improved, an increase in the credit limit means more purchasing power and a lower use of credit it can lead to a better credit rating, ”says Abhi Chaudhary, general manager of consumer products at Green Dot Corp., a banking services company. However, “if you need a lifeline, looking for credit limit increases or taking on more and more debt might just be contributing to a hole you can’t get out of.” Before asking for a line of credit increase, weigh the pros and cons.

Benefits:

Increase flexibility. A higher credit limit allows you to buy more on credit, which can help you reap the rewards of credit cards.

Pay off debt at higher interest rates. You may be able to transfer higher interest credit card balances to your card after increasing the credit limit, which will help you consolidate your debt and lower its overall cost.

Improve your credit score. Increasing your credit limit can improve your credit score by lowering your credit utilization rate, as long as you don’t exceed your new limit.

The inconvenients:

Increased expenses. Being able to spend more doesn’t necessarily mean you should be spending more. If your income cannot cover your expenses, an increase can be a bad idea.

No more interest charges. If you spend more and can’t pay your bill on time each month, you could end up paying even more interest charges over time.

More American News

How to negotiate with your credit card company

Automatic credit card payments: what you need to know

How to rebuild your credit after a missed credit card payment

Get a credit limit increase with a Credit One Bank card originally appeared on usnews.com

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Meet the engineer behind @ChsWx> Charleston Business Journal https://thany.org/meet-the-engineer-behind-chswx-charleston-business-journal/ https://thany.org/meet-the-engineer-behind-chswx-charleston-business-journal/#respond Fri, 23 Jul 2021 17:26:15 +0000 https://thany.org/meet-the-engineer-behind-chswx-charleston-business-journal/ Jared Smith didn’t start Weather Charleston 13 years ago because he had too much free time. The long-time director of software engineering at BoomTown and the Weather-Ready Nation Ambassador of Excellence founded the Twitter account out of love, sharing his passion for the weather with his family and friends. The handful have now amassed over […]]]>

Jared Smith didn’t start Weather Charleston 13 years ago because he had too much free time.

The long-time director of software engineering at BoomTown and the Weather-Ready Nation Ambassador of Excellence founded the Twitter account out of love, sharing his passion for the weather with his family and friends. The handful have now amassed over 49,000 followers, including celebrities and politicians who vacation here, have homes here, or attend events.

“Jeff Burton of NASCAR contacted me to ask me how his home was on Kiawah during Hurricane Matthew,” Smith said.

Charleston Weather (@ChsWx) offers late-breaking weather content for the Charleston metro area only, including Charleston, Dorchester, and Berkeley counties, which sets it apart from TV stations that cater to a larger, sometimes unrelated audience, has Smith said. There will be no information about Columbia, Greenville, Georgetown or even Georgia on the username accessible on Twitter, Instagram and Facebook.

“The ultimate goal was to use this as a proof of concept to send warning information to the National Weather Service on Twitter just for Charleston,” Smith said. “With social media, we can target at a very local level. If it wasn’t Berkeley, Charleston, or Dorchester County, I wasn’t talking about it unless it suited us.

An engineer now, Smith went to journalism college, and his college skills were essential in conveying the message that discipline is essential, he said. Those looking to connect with him for his puns and quirky comments can head to his personal account, but he keeps his messages to Charleston Weather, a strictly tagged conversation.

“The only thing my journalism degree has helped me do is become confident in telling people stories,” he said. “I learned so much about the theory and the psychology behind it, which makes me an effective manager in my day-to-day work, but also an effective communicator when hell breaks loose.”

Smith’s message is disciplined, and his editorial stance is to be quiet when nothing is happening to cut the noise. This strategy emphasizes that when Smith publishes, something urgent happens.

While @ChsWx is a side project for Smith, he’s been a lifelong weather fanatic, writing about local storms, taking weather classes, and broadcasting speed cameras since the early 2000s.

“I can not only read a notice, but I can translate it to people,” he said. “I can take radar images and put them in context. “

Early in his social media days, Smith took some very technical warnings and posted them himself, joking that he was the original bot for his program.

Over time, however, social media gained ground, hashtags gained ground, and Smith’s reports gained momentum. Posting photos of neighbors in the ravages of time also bolstered both his presence and the community’s trust in Smith as a local and trusted source.

“One thing that was really cool was that we were able to take real-time reports, like photos of downtown flooding, and share them,” he said. “No one thought these photos would be useful, but it turns out they were valuable.”

Soon, subscribers began texting Smith about marriages, flight statuses, and even storm phobias.

In 2011, Smith reached critical mass and the #CHSWx hashtag took off. Ten years later, Smith still runs the account solo, funding it out of his own pocket. He has a Patreon counts if subscribers want to help with day-to-day costs, but Smith doesn’t market it or post donation requests.

“It’s deeply personal to me. It’s very informative,” he said. “Take my education, mix it with my weird interests and luckily I was able to do something useful for the community. . “

Contact Teri Errico Griffis at 843-849-3144.

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Wilmington jazz icon Joe Chambers releases album on Blue Note label https://thany.org/wilmington-jazz-icon-joe-chambers-releases-album-on-blue-note-label/ https://thany.org/wilmington-jazz-icon-joe-chambers-releases-album-on-blue-note-label/#respond Wed, 21 Jul 2021 10:06:07 +0000 https://thany.org/wilmington-jazz-icon-joe-chambers-releases-album-on-blue-note-label/ When it comes to jazz, the legendary Blue Note label has long represented the pinnacle of musical form, releasing albums by John Coltrane, Miles Davis, Herbie Hancock and many other jazz icons. Earlier this year, Wilmington-based composer and percussionist Joe Chambers – who has performed and recorded with Davis, Hancock, Dizzy Gillespie, Chick Corea and […]]]>

When it comes to jazz, the legendary Blue Note label has long represented the pinnacle of musical form, releasing albums by John Coltrane, Miles Davis, Herbie Hancock and many other jazz icons.

Earlier this year, Wilmington-based composer and percussionist Joe Chambers – who has performed and recorded with Davis, Hancock, Dizzy Gillespie, Chick Corea and many others over a career spanning nearly 60 years – released his own album for the world – renowned Blue Note label.

“Samba de Maracatu” was recorded last year in the Wilmington area with jazz musicians from North Carolina, possibly becoming Port City’s first product with a direct Blue Note connection.

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How to predict the impact of inflation on installment loans https://thany.org/how-to-predict-the-impact-of-inflation-on-installment-loans/ https://thany.org/how-to-predict-the-impact-of-inflation-on-installment-loans/#respond Wed, 21 Jul 2021 07:00:00 +0000 https://thany.org/how-to-predict-the-impact-of-inflation-on-installment-loans/ People who grew up during a time of dramatic economic change find it very difficult to adjust to today’s harsh reality. Inflation has raised prices at least by the dozen. It also drastically influenced the price of the loan application. In order to know the cost of a loan and the one-time down payments, borrowers […]]]>

People who grew up during a time of dramatic economic change find it very difficult to adjust to today’s harsh reality.

Inflation has raised prices at least by the dozen. It also drastically influenced the price of the loan application. In order to know the cost of a loan and the one-time down payments, borrowers need to know how inflation works when it comes to paying off the loan.

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What is an installment loan?

An installment loan is a financial contract between the lender and the borrower. The borrower applies for a loan, the lender offers the loan at a specified interest, and the borrower collects the loan and repays the loan amount over a specified period in fixed regular installments. The term of the loan varies from several months to over a year.

Predicting how the installments may increase in size is a task for the borrower. If the task is difficult, the borrower can seek help from a financial advisor or gather information online. The blog named Fit My Money Installment Loan Reviews with lenders and rates to compare for free.

How inflation interacts with interest

Some experts advise saving inflation-adjusted installment loan dollars in order to save money and pay off the loan faster. This strategy sometimes fails because the borrower does not take interest into account. To understand how inflation will affect loan payments, you need to know the rate of inflation and choose a variable or fixed interest rate.

Fixed payments are payments of the same amount each month over the life of the loan. The variable one can have interest changed accordingly with the changes in inflation.

If a person requests a personal loan with fixed payments this can have a good influence on their loan experience as they will know what the repayments will look like and the exact amount of money they will be paying back by the end of the loan term.

In this case, it also means that the inflation-adjusted fixed payment loans will cost less (when inflation rises, the payments are worthless). In addition, wages increase with inflation, so the borrower now has more money to cover the loan.

However, when inflation works to the advantage of the borrower, interest rates normally fall. And low interest rates can cause people to borrow more than they can afford and force them to borrow money irresponsibly. And really, in June 2020, 20% of Americans who took out personal loans were unsure of their resources to repay the loan.

People still need financial help. Figures for 2020 show that the number of personal loan applications has increased from 3.58% (April 2020) to 6.15% (May 2020). In terms of inflation, borrowers may find that personal loans are now allowed on larger amounts. the average personal loan debt has increased from $ 8,618 to $ 9,025 based on 2020 data.

Variable rate loans versus inflation

In the case of variable interest rates, when inflation rises, interest usually follows. Variable rate loans are more preferred by lenders because they can offset inflation. Lenders always take changes in inflation into account when issuing the loan in order to make a profit.

Borrowers should also consider what kind of money they will need to put down the down payment when inflation hits. If the terms of the loan do not provide for it, the borrower may default and not repay the loan.

In addition, most loans are not protected against inflation. On the other hand, once interest rates rise, they will not follow if inflation falls. In order to protect their assets, the borrower and the lender can agree on a limit of the height of the rate.

The borrower might be able to set a limit such as a certain amount of money on the principal interest or a percentage difference from the original interest rate. The national preferential rate will be adjusted for inflation, so the lender will also be protected.

How to calculate the effect of inflation on a loan

The impact of inflation on existing loans varies between fixed and variable rate loans.

Say you want to take out a loan to buy a car. The interest rate is fixed and amounts to 6.25%. This percentage, for example, translates into a monthly payment of $ 225. At the start of a loan, the national prime rate was 5%.

Inflation rises and the Federal Reserve cuts the prime rate to 6% over a two-year period. The loan is only 0.25% above the national prime rate. In reality, the borrower is spending a little less on maturities than before. The $ 225 of a year ago is no longer worth anything. The income has increased according to the inflation and the borrower even has money available for the repayment of the loan.

The low rate of inflation while the loan is still active makes $ 225 worth less than before and the borrower’s budget is now running out more than before. The lender gets the favor here because he earns more (the prime rate has come down to 4.5% and the borrower does not pay 2.25% above the average prime rate. If the same loan request were to occur. produce today, the lender would offer a lower interest rate.

To remedy the situation and repay the expected amount of money, the borrower can apply for a loan refinance and update it based on national averages. Refinancing will save money, but it must be agreed with the lender.

In reality, if the borrower asks for a thousand dollar loan, the real interest rate is 8% and the inflation rate is 3%, the loan interest rate is the sum of these two aspects. In the end, with the inflation rate influencing the loan, the interest rate will be 11%.

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The question of the influence of inflation on the borrowing rate is clear. The only question that remains is whether it is more lucrative to apply for a fixed installment loan or an adjustable installment loan and that is what the borrower must decide for himself.

Disclaimer: This is a sponsored article in conjunction with Fit My Money. The information we publish has been obtained or is based on sources which we believe to be accurate and complete. If you are unsure of an investment decision, you should consult a professional financial adviser.

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