Film festival sponsors – Carolina Film And Video Festival http://carolinafilmandvideofestival.org/ Thu, 24 Nov 2022 11:31:52 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://carolinafilmandvideofestival.org/wp-content/uploads/2021/10/icon-55.png Film festival sponsors – Carolina Film And Video Festival http://carolinafilmandvideofestival.org/ 32 32 US states where payday loans are legal https://carolinafilmandvideofestival.org/us-states-where-payday-loans-are-legal/ Thu, 24 Nov 2022 11:31:52 +0000 https://carolinafilmandvideofestival.org/us-states-where-payday-loans-are-legal/ Payday loans are legal in 37 US states. The most popular states for payday loans are California, Texas, and Nevada. Other locations include Alabama, Colorado and Ohio Payday Loans to name a few. Payday loans offer a quick and easy way to get extra cash before your payday. They can be extremely beneficial if you […]]]>

Payday loans are legal in 37 US states. The most popular states for payday loans are California, Texas, and Nevada. Other locations include Alabama, Colorado and Ohio Payday Loans to name a few.

Payday loans offer a quick and easy way to get extra cash before your payday. They can be extremely beneficial if you encounter a financial emergency or incur unexpected expenses. Currently, there are over 20,000 stores where you can physically request and receive funds on the same day, and it is also possible to apply for a payday loan online.

Payday lenders are coming under increasing media scrutiny for charging high interest rates. As a result, payday loans are currently illegal in 13 states due to rules and regulations that prohibit lenders from offering quick cash. States that ban payday loans include Georgia, New York, and West Virginia.

Other states, such as Colorado, Montana and South Dakota, have set caps on payday loan interest rates to prevent the exploitation of their residents, with key legislation in place to prevent predatory lending.

This article breaks down the states where payday loans are legal or illegal and the types of laws where citizens can borrow money.

What are payday loans?

Payday loans offer a helpful type of short-term financing for customers who need money but can’t wait to pay an urgent expense until they get their next paycheck. The cash advance is intended to help someone get by until the end of the month, with the intention that they pay it back as soon as possible. Common reasons for using payday loans include the need to pay emergency expenses such as medical bills, dental bills, rent, funeral expenses, car repairs, or home renovations.

Private companies offer payday loans, lenders, startups and apps, they are usually not from banks. Loans for bad credit are also generally available.

Payday loans typically last between 2 weeks and 1 month, with the entire loan and interest usually paid in full on the borrower’s next payment date. There’s also normally the option of repaying your loan early – it’s just important to check the terms and conditions of your loan agreement and contact the lender to arrange this.

Since payday loans are often criticized for carrying rates ranging from 300% to 600% APRto make it easier to compare the price with other financial products, the interest rate is multiplied as if it were an annual product, which makes it seem much higher even if it only lasts a few days or a few weeks.

In which US states are payday loans legal?

There are currently 37 US states that allow payday loans, which means getting a payday loan is legal. The states are:

  • Alabama
  • Alaska
  • California
  • Colorado
  • Delaware
  • District of Colombia
  • Florida
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Rhode Island
  • Caroline from the south
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin
  • Wyoming

What kinds of payday loan regulations exist?

Each state has its own laws regarding payday loans. For example, the maximum loan amount that can be borrowed at one time is $300 in California, $500 in states like Alabama, Alaska, Missouri, and New Hampshire, $1,000 in Delaware and $50,000 in Oregon.

Similarly, there is often a maximum loan term. For example, money cannot be borrowed for more than 13 days in Alaska, 31 days in Iowa, 32 days in Hawaii, and 60 days in Kentucky. Minimum loan terms also exist in states such as Alabama of at least 10 days and at least 14 days in Indiana.

Interest rate caps on payday loans have also been set in states like Colorado, Montana, New Hampshire and South Dakota. In these states, the annual interest rate limit on payday loans is 36% and all additional charges have been banned. On top of that, federal law also states that fees are capped at 36% for all service members, regardless of state.

In which US states are payday loans illegal?

There are currently 13 US states that ban payday loans, making it illegal to borrow money through a payday loan. These states are Arizona, Arkansas, Connecticut, District of Columbia, Georgia, Maryland, Massachusetts, New Jersey, New York, North Carolina, Pennsylvania, Vermont, and West Virginia. .

How do I know if a payday lender is legally licensed in a US state?

To check if a payday lender is legally licensed before taking out a payday loan, check to see if the lender or online payday loan companies have a state-issued license. The licenses should be visible in store or on the website, and if you can’t find them, ask to see them. If you are still unsure, you can check the license with your financial regulatory office or state attorney.


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NAB warns against payday loans before Christmas https://carolinafilmandvideofestival.org/nab-warns-against-payday-loans-before-christmas/ Sun, 20 Nov 2022 22:58:00 +0000 https://carolinafilmandvideofestival.org/nab-warns-against-payday-loans-before-christmas/ The NAB warns of the dangers of payday loans as more Aussies turn to ‘quick-take’ loans to meet the rising cost of living. A new NAB study released today finds that one in 10 Australians facing financial hardship have accessed a payday loan in the past three months. Payday loans were the third most common […]]]>

The NAB warns of the dangers of payday loans as more Aussies turn to ‘quick-take’ loans to meet the rising cost of living.

A new NAB study released today finds that one in 10 Australians facing financial hardship have accessed a payday loan in the past three months.

Payday loans were the third most common type of debt used to manage financial difficulties in the third quarter, behind credit cards and borrowing from friends and family (used by one in three people).

As Christmas approaches, NAB Customer Vulnerability Manager Mike Chambers has warned against using payday loans to manage the extra expenses people may face.

“Christmas can be a financially stressful time for many people and in the face of financial stress it can be tempting to try and find a quick fix to manage costs,” Chambers said.

“Payday loans can seem like an attractive option, as they are often instant and have low credit checks in place, making them more accessible to people in dire straits.

“What people don’t realize is that there are often many hidden costs associated with loans, in addition to higher interest and late payment fees.”

According to information from NAB Q3, payday loans are the most stressful of all debts for Australians (with a score of 64.2 pts), ahead of loans from family and friends (57.3 pts), personal loans (51.9 pts) and home loans (51.7 pts) . On average, Australians owed $6,200 in payday loans over the past three months.

Mr Chambers said an interest-free loan, through organizations like Good Shepherd, was a more sustainable option for people who need to finance things like basic necessities, cars or commodities whites.

NAB provides the capital for Good Shepherd’s interest-free loans and has supported over 68,000 low-income Australians with $47 million in loans over the past 12 months.

Mr Chambers recommended customers struggling with payday loans contact their bank.

“A call to your bank is the best first step to discuss the possibility of a loan payment break, a reduced payment plan, or access to an independent financial adviser,” Chambers said.

“Our NAB Assist team recently spoke with a client who had nine different payday loans and was struggling to keep up with debt repayments. We were able to tailor a solution and are confident we can help them pass to the other side.

“No matter how bad a situation may seem, there is help available that will put you in a stronger financial position in the long run.

“About 97% of clients who contact us early when facing financial hardship recover within 90 days.”

Further information:

  • Ask for help in case of financial difficulties by NAB-Assist.
  • To access independent financial advisers, contact Debt Helpline on 1800 007 007 or moneysmart.gov.au.
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How to Get a $500 Fixed Loan No Interest at Wells Fargo https://carolinafilmandvideofestival.org/how-to-get-a-500-fixed-loan-no-interest-at-wells-fargo/ Fri, 18 Nov 2022 10:45:00 +0000 https://carolinafilmandvideofestival.org/how-to-get-a-500-fixed-loan-no-interest-at-wells-fargo/ Wells Fargo has announced a new low-value, short-term loan for customers. Loans of $250 to $500 could help low-income customers avoid riskier ways to get short-term cash, one group says. DEVIN YALKIN NYT Wells Fargo has launched a new type of loan that offers customers short-term cash for a flat fee, adding to a slowly […]]]>

Wells Fargo has announced a new low-value, short-term loan for customers.  Loans of $250 to $500 could help low-income customers avoid riskier ways to get short-term cash, one group says.

Wells Fargo has announced a new low-value, short-term loan for customers. Loans of $250 to $500 could help low-income customers avoid riskier ways to get short-term cash, one group says.

NYT

Wells Fargo has launched a new type of loan that offers customers short-term cash for a flat fee, adding to a slowly growing list of cheaper, less risky financing options for customers short on cash. ‘silver.

The bank announced the new product, dubbed “Flex Loan,” on Wednesday. It’s a $250 or $500 digital loan that customers can apply for on their smartphones and comes with a flat rate of $12 or $20, respectively. Borrowers repay their amount in four monthly installments, without interest.

It is already available in select markets and will launch in all states within the next four to six weeks, bank spokesman Josh Dunn told the Charlotte Observer on Thursday. Flexible loans are only available to Wells Fargo customers – the bank uses factors such as account management practices, term and balances to determine eligibility, rather than using an independent credit bureau.

The loan is meant to be a quick and easy way for customers to directly access funds when they need it most, the bank said in a press release, with no demands, hidden fees, late fees or interest.

The Flex loan is similar to other small, short-term loans offered by US Bank or Charlotte-based Bank of America, sometimes marketed as a cheaper alternative to overdraft fees.

These loans also work as a good alternative to riskier methods of obtaining short-term cash, said Alex Horowitz, chief researcher at The Pew Charitable Trusts. He followed the ways these types of small loans can help low-income bank customers avoid turn to more harmful optionslike payday lenders who charge three-digit interest rates.

“Consumers have turned to (options like) payday lenders because they haven’t been able to borrow small amounts from their bank,” Horowitz said. “But (these loans) are faster, they cost at least 15 times less and they are more affordable. It is therefore a victory for consumers.

CLT_BuildingMugs1_4.JPG
Wells Fargo, one of Charlotte’s largest banks, isn’t the only bank offering small, short-term loans to its customers. Bank of America and US Bank have similar programs. Arthur H. Trickett-Wile atrickett-wile@charlotteobserver

An alternative to the personal loan

Horowitz is primarily interested in how small dollar loans like Wells Fargo’s new product contrast with payday loanswhich are short-term, high-interest loans that many consumers take out in hopes of paying it off with their next paycheck.

But those two-week loans often create more problems than they solve, Horowitz said. Exorbitant interest rates – some as high as 400% – can leave borrowers in debt for months.

“We know that when payday loan customers are in trouble, they don’t focus on price or affordability. They focus on speed, ease of access and certainty of approval,” he said.

Compared to these types of loans, Wells Fargo’s low-cost offering costs about 15 times less, he added.

The payday loan is banned in North Carolina, and about half of the states, but there are still a number of other risky, high-interest financing options, Horowitz said. Small dollar loans from big banks could help low-income customers avoid pawnshops or take out other small loans at five times the interest rate.

“All states have pawnbrokers. All states have rent-to-own stores,” he said. “Some customers have repeatedly overdrawn their checking account in order to borrow small amounts of money. These new loans are a more affordable option than that.

CLT_ALS_Wells_001.JPG
Wells Fargo is based in San Francisco but has its largest employment base in Charlotte, with some 27,000 workers here. Alex Slitz alslitz@charlotteobserver.com

Other banks offering small loans

Wells isn’t the only local bank to offer a small, low-cost loan.

In 2020, Bank of America launched a similar product called “Balance Aid”. It allows customers to borrow up to $500 for a fixed amount of $5, paid in three monthly installments.

Other banks offering small-dollar loan programs include Ohio-based Huntington Bank and Minneapolis-based US Bank, which has a handful of branches in Charlotte.

Loans are relatively low-risk products for banks, Horowitz said. “The bank lends to known customers,” he said. “There is a track record here. Even customers with poor credit scores succeed in repaying when they can do so in affordable installments at fair prices. »

Plus, the small size of the loans means they’re still a small liability for banks — compared to something like a mortgage, Horowitz noted, which is nearly 100,000 times larger.

He’s also confident that customers will use these types of loans: When Pew surveyed current payday loan borrowers, eight in 10 said they would switch to using small loans at their bank.

Reminder on overdraft fees

Bank of America and Wells Fargo have also marketed the loans as a friendlier alternative to overdraft fees.

Bank of America, Wells Fargo and other banks began offering more options to low-income customers after their practice of charging overdraft fees increased criticism from lawmakersespecially during the pandemic.

Critics argued that the fees boosted banks’ profits at the expense of customers who could least afford them. In response, several banks abandoned Expenses, reduced them or offered options such as no-overdraft checking accounts or small loans.

Horowitz hopes to see other banks offer similar products. The more banks that offer small, short-term loans, the more likely their customers will be to avoid the worst, he said.

“It can help them avoid other bad options: disconnecting their utilities or having their car repossessed or being evicted,” Horowitz said. “If a small, affordable loan from a bank can help someone avoid these adverse outcomes, that’s a win for consumers too.”

Charlotte Observer Related Stories

Hannah Lang covers banking, finance and economic equity for The Charlotte Observer. His work has appeared in The Wall Street Journal, Triangle Business Journal and Greensboro News & Record. She studied business journalism at the University of North Carolina at Chapel Hill and grew up in the same town as her alma mater.

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Here are the worst credit card tips we found on Twitter https://carolinafilmandvideofestival.org/here-are-the-worst-credit-card-tips-we-found-on-twitter/ Fri, 11 Nov 2022 12:00:00 +0000 https://carolinafilmandvideofestival.org/here-are-the-worst-credit-card-tips-we-found-on-twitter/ Image source: Getty Images We all know that social media isn’t always the best place to go for financial advice. But sometimes it’s hard to resist the urge to scroll through our Twitter feeds and see what people are saying about money. Here are some particularly bad credit card tips on Twitter. This should help […]]]>

Image source: Getty Images

We all know that social media isn’t always the best place to go for financial advice. But sometimes it’s hard to resist the urge to scroll through our Twitter feeds and see what people are saying about money. Here are some particularly bad credit card tips on Twitter. This should help you know what NOT to do with your credit cards.

Credit cards are bad

“The credit card is the cigarette of money. Everyone knows it’s bad and will kill you, but people still use it.”

Check it out: This card has one of the longest 0% interest intro periods.

More: Consolidate your debt with one of these top-rated balance transfer credit cards

Dave Ramsey is a well-known financial guru with bestselling books and millions of podcast listeners. He is firm in saying no to credit card and recommends his listeners to cut them out. This is good advice if you have no financial discipline and continue to use your cards with no way to pay them back. The problem is that a credit card is one of the main ways to get a credit score.

While it’s true that you shouldn’t use your credit card when you can’t pay it off, there’s nothing wrong with using it if you’re disciplined and pay it off every month. You can increase your credit score and earn great rewards along the way. I have personally earned enough credit card rewards to travel around the world multiple times. Having a credit card can also be a lifesaver in an emergency. Just make sure you have a plan to pay off the balance as soon as possible so you don’t pay interest on your balance.

We are committed to improving your credit score

When you type “credit cards” into the Twitter search bar, the vast majority are credit repair and debt relief companies promising to negotiate with creditors for reduce your debt or remove negative items from your credit file. Many also call themselves financial coaches, and they advertise services to help you manage your debt.

According to the Federal Trade Commission, the credit repair industry is full of scams. They target consumers with significant credit card debt and demand cash upfront. One person offers a “full credit repair service” for $199. If you need help, you can do the same for free. If there are false negatives on your credit report, you can contact the credit bureaus directly to have them review it.

Credit repair services are different from credit counseling agencies, which are usually a free resource of nonprofit financial education organizations. These organizations will review your finances, debts and credit reports and work with you to help manage your financial situation. It is important to research a credit repair organization before agreeing to work with them. Avoid any company that promises to do things that are too good to be true.

Use payday loans to pay off your credit card debt

Would you like to pay 400% interest on a loan? How about 1.950%? Well, that’s what a payday loan costs. There are many advertisements on Twitter offering you a payday loan with no credit check and instant approval. Payday loans are short-term, high-interest loans that are usually for less than $500. Many borrowers who run out of funds before receiving their next paycheck turn to a payday lender to fill the gap.

Many people get payday loans for small immediate expenses. These loans usually have to be repaid within a few weeks. Because fees and interest are high, many borrowers are unable to pay them off completely and roll them over to another loan, thus taking on more fees. Payday loans are also called cash advances or check advances. There are others alternatives to payday loans who can help you pay your bills if you are short on cash.

When it comes to financial advice, social media isn’t always the best place to look. This is some really bad credit card advice we found on Twitter, and we wanted to share it with you so you know what NOT to do with your cards. Careless use of your credit card can lead to serious debt problems.

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If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% for up to 21 months! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

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 posts and recommends Target. The Motley Fool has a disclosure policy.

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

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I applied for a $1,000 loan. Here is what happened. https://carolinafilmandvideofestival.org/i-applied-for-a-1000-loan-here-is-what-happened/ Tue, 01 Nov 2022 22:01:38 +0000 https://carolinafilmandvideofestival.org/i-applied-for-a-1000-loan-here-is-what-happened/ Disclaimer: This is sponsored content. All views and opinions are those of the advertiser and do not reflect the same of WTKR. When my car broke down a few months ago and I needed quick cash for repairs, my friend recommended a company called ZippyLoan. They say you can borrow between $100 and $15,000 and […]]]>

Disclaimer: This is sponsored content. All views and opinions are those of the advertiser and do not reflect the same of WTKR.

When my car broke down a few months ago and I needed quick cash for repairs, my friend recommended a company called ZippyLoan.

They say you can borrow between $100 and $15,000 and have the money in your account by tomorrow, even if you have bad credit.

But are they legit or just another scam?

Keep reading to find out what happened when I tried ZippyLoan and if you should ask them for a loan too.

What is ZippyLoan?

If you’ve searched online for a personal or payday loan company, you’ve probably heard of ZippyLoan.

This is a free, no-obligation service that helps connect you with potential lenders.

If you’re looking for quick access to a personal loan through a simple, secure, and transparent process, ZippyLoan may be able to help.

Its website states that borrowers can avail unsecured personal loans with just proof of identity and a regular source of income.

Whether you need a loan for personal or family use, like making a major purchase, renovating your home, consolidating debt, or just covering an unexpected expense, ZippyLoan can help.

How ZippyLoan Works

FinanceProject

When you use ZippyLoan, you are not borrowing directly from the company.

They are not lenders and are not involved in the loan approval process.

Instead, ZippyLoan helps connect you with potential lenders who can lend you the money you need.

Here is an overview of how ZippyLoan works.

  1. The first step is to complete an online form. ZippyLoan says it takes less than 5 minutes. You can fill out this form on a desktop or mobile device 24 hours a day, 7 days a week, so there are no queues or waiting.
  2. The second step is that ZippyLoan tries to put you in touch with a lender who will make you a non-binding offer. It shares your information with lenders on its platform to see who may be able to help you. If you receive an offer and are happy with the terms of the loan, you can electronically sign a loan agreement on the spot and have your money deposited in your bank account the next business day.
  3. The third and final step is to repay your loan. If you take out a payday loan, you can pay on your next pay date. You can also opt for a personal loan that offers monthly repayment for up to 60 months.

To apply for a loan from ZippyLoan lenders, all you need is proof of identity and a regular source of income.

There is no minimum credit score, so you may be able to get approved for a loan regardless of your credit history.

This makes ZippyLoan one of the best places to apply for a personal loan if you have a low credit score.

Is it safe to use the ZippyLoan website?

Plugging your personal information into a website can be daunting, but ZippyLoan is safe and secure.

They are members of the Online Lenders Alliance (OLA) and are committed to high standards of conduct. If you have any problems, you can call the OLA Consumer Helpline (1-866-299-7585) for assistance.

ZippyLoan OLA.png

FinanceProject

Credit checks?

As ZippyLoan is not a lender, it does not perform credit checks, so your credit score will not be affected.

If you accept an offer, the lender will tell you whether they will do a soft or hard credit check before electronically signing your agreement.

Is it easy to use?

ZippyLoan’s online form is fully optimized for mobile devices, so you can apply for a personal loan wherever you are.

The form takes less than 5 minutes to complete and you should start receiving offers from lenders immediately.

Quick approvals?

One of the best features of ZippyLoan is that everything is done online so you can get approved quickly.

If a lender makes you an offer that suits you, you can sign the agreement online and receive your money the next business day.

Rates and Fees

Network lenders offer between $100 and $15,000 and are flexible on rates and fees.

The exact terms you are offered will depend on your personal circumstances and credit history, but here are some representative examples:

  • Short-term or payday loans are usually due in full in 14 days and cost between $10 and $30 per $100 borrowed.
  • Personal loans can be repaid over 6 to 60 months and have an annual rate (APR) of between 7.04% and 35.89%.

To give a fair review of ZippyLoan, I also wanted to give my opinion on some of the downsides of using the website.

Disadvantages of ZippyLoan?

Unfortunately, ZippyLoan is not available to residents of New York, District of Columbia, Oregon, or West Virginia.

And because it’s not a direct lender, it makes no promises that you’ll be approved or qualify for a certain rate on your loan.

Another thing to remember is that ZippyLoan won’t do a credit check when you fill out their form, but all the lenders you work with will.

Most lenders will do a credit check through one of the big three credit bureaus, Experian, Equifax or TransUnion.

This type of check can show up on your credit report and can worsen your score, so be sure to check with lenders before applying.

My experience with ZippyLoan

When my car broke down and needed repairs, I had to borrow $1,000 and asked ZippyLoan for help.

Here’s how it went.

  • The application process was very simple and it took me less than 5 minutes to enter all my information.
  • Within minutes I had loan offers from lenders ready to lend me. The terms of the loans were all written down and I could see what credit checks they wanted to do before I accepted the loan.
  • I decided to choose a lender who offered me a 14 day loan with a fee of $15 per $100. This meant I could borrow $1,000 for two weeks and had to pay back $1,150, which I thought was reasonable.
  • After accepting the offer, I had the $1,000 in my account the next day.

I found the whole process very easy and was able to get the money I needed quickly, and will use them again if I ever need emergency money.

If you’re looking for a quick loan to get you out of trouble and you’re sure you can pay it back, then I 100% recommend ZippyLoan.

Click here to visit the ZippyLoan website and request the money you need today.

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Getting ‘stuck’ with payday loans https://carolinafilmandvideofestival.org/getting-stuck-with-payday-loans/ Sat, 29 Oct 2022 11:03:45 +0000 https://carolinafilmandvideofestival.org/getting-stuck-with-payday-loans/ Image courtesy of Pixabay By JESSICA LOVECourtesy of Indiana Capital Chronicle Have you ever had your car or truck stuck in the mud; and the harder you try to get out, the deeper your tires sink? I have. So, I know from experience: unless you have the luxury of waiting for things to dry, you’re […]]]>
Image courtesy of Pixabay

By JESSICA LOVE
Courtesy of Indiana Capital Chronicle

Have you ever had your car or truck stuck in the mud; and the harder you try to get out, the deeper your tires sink? I have.

So, I know from experience: unless you have the luxury of waiting for things to dry, you’re going to need some help – a push or a pull – to get unstuck.

And you’re probably going to feel a little embarrassed. I mean, technically, even if you had no intention of getting stuck, no one else was driving. Either you didn’t see the danger in front of you, or you thought it wouldn’t be so bad to go through it.

Even if you didn’t have a good way around it, or if you calculated the risk and thought you could get away with it, the fact remains that it happened and you were “at fault”. Thinking back on it, you wish you had done something other than the fix you were looking for – the one that caused your “tires to sink deep in mud and mud” (for others little blue truck fans).

Now imagine that the vehicle you are thinking of represents your family’s financial health and the process of “no longer stuck” as a result of choosing the option to solve your short-term problem yourself – instead of asking for help. or not to think of you had other options – represents a payday loan. The “solution” then becomes a bigger problem to solve than the original problem.

That’s about where the analogy ends, since muddy patches don’t have business models designed to keep you stuck like payday lenders do. It’s by locking people in more that the profits are really made, where the interest rate eventually hits 391% in Indiana. And you really need to find a solution to your solution.

This is why I often refer to the payday loan industry as one of the most subsidized markets in existence – because government and non-profit resources are so often needed to lift people out of disasters caused by payday loans.

What if it didn’t have to be like this?

One way forward is policy change. Right now, the burden is largely on Congress, and your legislative outreach will help make the Fair Credit Act for Veterans and Consumers
– to cap all personal loans at 36% – a reality. You can also ask your state legislators to impose a 36% cap. But until and even after the legislation is passed, many Hoosiers will still need a more responsible way to borrow.

What if there was another route?

What if most of the 88% of Hoosier voters polled who said they would like to see Indiana have a 36% wage rate cap — who are able to provide another way — have paved the way for a solution alternative for their employees and co-workers?

The impact, to reinforce my analogy, would be shattering for Hoosier families who lack the resources to weather a financial shock.

A specific “bypass” – previously available in only 23 counties – recently became available statewide. If you’re a business owner, or an HR representative, or just someone who wants to talk to your boss about providing a financially viable option to those in your workplace, the solution I present to you is the Community Loan Center program.

It is a small, affordable, employer-focused loan program. So what’s the problem ?

Well, as difficult as it may seem, there really isn’t. For companies registered in the program, the CLC program is offered as a benefit at no cost to the employer. Employers literally only have to: 1) confirm employment when a loan is requested and 2) set up a payroll deduction in accordance with the employee’s repayment plan. By doing so, they instantly gain employees who are less stressed and more present for their work.

Made available through non-profit organisations, this affordable 12 month loan is designed to get people into or out of debt instead of trapping them. (CLC loans can be used to repay payday loans.) The reason is simple: nonprofit providers offering this program would rather focus their resources on improving a family’s economic trajectory than on bail out from the earthquake that stems from a payday loan.

Just consider how you could bring this alternative to your workplace
— and actually help solve a co-worker’s short-term financial problem in a way that makes it manageable and gets people out of trouble without getting stuck.

Jessica Love is Executive Director of Prosperity Indiana, a statewide membership organization for individuals and organizations that strengthen Hoosier communities.

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Five Surprising Reasons Your Home Loan Could Be Denied https://carolinafilmandvideofestival.org/five-surprising-reasons-your-home-loan-could-be-denied/ Fri, 07 Oct 2022 03:35:49 +0000 https://carolinafilmandvideofestival.org/five-surprising-reasons-your-home-loan-could-be-denied/ Australians could face home loan rejections due to little-known issues that can greatly influence the outcome, with some unknown factors making it harder for brokers to be able to submit applications in the first place, according to mortgage brokers. Although the home loan application process can be complex and arduous, many buyers remain confident that […]]]>

Australians could face home loan rejections due to little-known issues that can greatly influence the outcome, with some unknown factors making it harder for brokers to be able to submit applications in the first place, according to mortgage brokers.

Although the home loan application process can be complex and arduous, many buyers remain confident that they understand the risks. But do they?

Here are some particularly surprising reasons for home loan denials, as well as ways prospective homeowners can improve their chances of approval.

1. You keep inactive credit cards

The average Aussie may not have given much thought to their unused credit cards, stuffed long ago in their wallet, paid for and forgotten about.

However, these cards can constitute a reason for refusing a mortgage, whether or not they are have been paid.

In the event of inactivity, the bank risks closing the account and banks are not required to inform their customers if this were to happen.

Whether a credit card is closed by the bank — rather than being actively closed by the customer — it could impact their credit rating, says Kareene Koh, managing director of Domain Home Loans.

“One way to improve your borrowing power is to close any old credit cards or other personal finances you may have,” she says. “Even if you’re not actively using it, it will still count when the bank assesses your working condition.”

2. You have a “high risk” credit history

When it comes to home loan rejections, poor credit doesn’t necessarily mean people have had bad debts like defaults.

Rather, it may mean they have demonstrated high-risk characteristics like excessive demands for unsecured debt in the form of credit cards, unsecured personal loans and reliance on payday lenders, says specialist Gregory Boustead. Domain home loans.

He cites many instances where applicants don’t actually need a credit card but like to get special offers without realizing the impact it will have on their credit history.

“That’s not to say people shouldn’t ask for credit cards and the like,” Boustead says. “They just need to beware that excessive demands for unsecured debt can negatively impact their credit score, as it can create the appearance of poor money management..”

3. You miss real savings

While it’s well known that people need big savings to buy a property, Marcus Russell, a mortgage expert on the estate, says that’s not necessarily well understood.

“Most people are told by family, or maybe another friend, [that] they require five percent of the purchase price. But it’s actually five percent plus costs – i.e. something closer to eight to nine percent to account for potential partial or full stamp duty and lender’s mortgage insurance .

If you’re not sure you have enough to cover all the hidden costs, it’s a good idea to budget and save an overage amount to cover all the bases and even access more options. , said Russell.

4. You are self-employed and have received government grants

Some companies receive government grants. However, many are unaware that these grants are deducted from their overall income, effectively reducing their ability to borrow. Russell describes him as a “fat guy” that a lot of people don’t know they might get rejected for.

“The solution is to make sure you mention this to your broker upfront. More and more banks are looking at this more constructively,” says Russell.

5. The bank doesn’t like the location or type of property you’re trying to get a loan for

Sometimes homeowners find themselves unable to get a new home loan approved because the property or location is too risky.

From the type of property to the likelihood of floods and fires, and even the suburb you want to buy in, everything can impact whether or not you get the green light from lenders, brokers say.

“The bank may have lent too much to buyers in a particular suburb, so if that suburb is experiencing a decline in property values, the bank is taking a significant risk,” Boustead says.

And that’s not all – homeowners can also find themselves turned down from refinancing their existing home.

“Earlier this year, a client was looking to refinance but was unable to because his property was rezoned to be in a bushfire risk area,” says Boustead. “As the property was not connected to the water network and only had access to water from the reservoir, no bank would refinance as it was considered too high a risk.”

Home loan logo

Domain Home Loans, Auscred Services Pty Ltd Credit Representative 500208, Australian Credit License 442372.

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Latest no credit check loan facility: Money Mutual does it https://carolinafilmandvideofestival.org/latest-no-credit-check-loan-facility-money-mutual-does-it/ Thu, 22 Sep 2022 06:03:53 +0000 https://carolinafilmandvideofestival.org/latest-no-credit-check-loan-facility-money-mutual-does-it/ GLENDALE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) — No credit check loans are a simple solution if you need a large sum of money for medical bills, student loans, car repairs or holidays. However, a bad credit history can make it difficult to obtain most traditional loans. Businesses generally consider a favorable credit score as […]]]>

GLENDALE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) — No credit check loans are a simple solution if you need a large sum of money for medical bills, student loans, car repairs or holidays. However, a bad credit history can make it difficult to obtain most traditional loans. Businesses generally consider a favorable credit score as a primary factor when determining an individual’s eligibility for a loan. There are, however, loan companies that offer unsecured loans to customers with bad credit. Since Money Mutual is one of the most famous financial brands, it has also made a name for itself for its no credit check loans.

People with poor credit usually receive loans with higher interest rates because lenders view them as a potential risk. Therefore, it is essential to ensure that you do not have too many credit checks on your credit file. Knowing your credit score can help you avoid this because you will already know if you will be approved or not. Even if you have a bad credit history, you may be able to apply for a bad credit loan from some lenders. Some of these bad credit loans are called no credit check loans. It just means that they don’t do credit checks or soft checks. Unlike traditional formal checks, many lenders now perform “soft checks” that have no effect on your credit.

If one is looking for the best emergency loans to suit his financial situation and budget, one should know which loan finder to use and what to expect when applying for financial assistance from emergency. Money Mutual is a household name in the lending industry. Although it is difficult to obtain a loan at a reasonable interest rate with a bad credit history, Money Mutual is one of those companies that considers it its responsibility to help its customers to alleviate their difficulties. financial. The company, which was founded in 2010, has more than a decade of experience and has successfully earned its place in the market. Money Mutual acts as a bridge between borrowers and lenders. However, the framework does not provide loans directly. The brand’s network includes more than 80 lenders, which increases the chances of finding a suitable lender at a low interest rate.

Money Mutual does not lend directly. Instead, it serves as a link to a network of lenders who are willing to work with people who have bad credit.

Mutual money loans:

Within minutes, you can prequalify for a Money Mutual loan. This is the time it takes to complete the brief online loan application form and receive a decision. To get pre-approved, you must do the following:

● You must be a US citizen or permanent resident.

● You must be 18 or older.

● Have a monthly income of at least $800

● Have an active checking account under your name.

● Have a valid phone number

● Have a working email address

If you are successful in pre-registering, Money Mutual will direct you to a potential lender who will gather additional information and make a quick decision on your loan. Before accepting a loan offer, read the fine print of the loan agreement.

The lender will deposit the loan proceeds into your bank account the next business day after you electronically sign the loan agreement. The repayment terms you accept are determined by the type of loan you accept.

Applying online for a no credit check loan is simple and you can apply online or in person with a local lender. When you work with a state-of-the-art lender, your loan proposal can be approved in hours or even minutes. Borrowers can apply for loans online in many cases, and if they need money immediately, they can often get it the same day. To be approved for a loan, you will need to provide employment and banking information (to verify your income). This information, along with recent payment history and overall credit usage, is used by online direct lenders to determine the amount and terms of the loan you file if they offer approval.

The main disadvantage of no credit check loans is the potential for higher costs. A no credit check loan may have a higher interest rate, so check your specific secured lender’s rates. There is also a restriction on how much you can borrow, which varies by lender and federal rules, so you may not be able to get the amount you want. It is essential to research the lender and the terms of any loan you are considering. In the long run, it could save you a lot of money.

There are many types of cash loans available, including payday loans, loans without credit checks, installment loans, same day loans and others. And they all have unique terms, conditions and interest rates. It is essential that you understand these terms before signing the contract. And there’s nothing wrong with turning down a loan or a lender if you’re unhappy with the terms and conditions. The most crucial thing to remember when looking for a loan in the market is to do your research. This rule applies whether you are looking for payday loans, no credit check loans or any other type of loan. Research is key when looking for a no credit check loan, home equity line of credit, peer-to-peer loan, or any other type of financing. It’s also a good idea to check your own credit score and credit history before you start shopping so you know what to expect. No borrower should enter into a loan agreement unprepared.

A low credit score can limit your ability to get many loans. However, this does not exclude all possibilities. On the other hand, several online lenders offer bad credit loans on reasonable terms. Nevertheless, it is essential that you weigh the pros and cons of all your available options and make the best decision by selecting the most affordable loan that can meet your needs.

Contact Details

Riya Tyagi

Riya@blueribbonmedia.com

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Using Same Day Installment Loans Online From Direct Lenders https://carolinafilmandvideofestival.org/using-same-day-installment-loans-online-from-direct-lenders/ Mon, 19 Sep 2022 21:19:49 +0000 https://carolinafilmandvideofestival.org/using-same-day-installment-loans-online-from-direct-lenders/ If you are looking for money, it means you are having some kind of difficulty. Have you ever considered taking out same day installment loans from online direct lenders? It can be a reasonable solution to the critical financial situation. You can refer to a direct lender or you can refer to the network of […]]]>


If you are looking for money, it means you are having some kind of difficulty. Have you ever considered taking out same day installment loans from online direct lenders? It can be a reasonable solution to the critical financial situation.

You can refer to a direct lender or you can refer to the network of lenders. The second option saves you tedious research. On Instantcashtime.com, you can access the best loan offers on the market.

These days, it’s easier than ever to get a loan. You just need to act with caution. And you should have as much information about the product as possible.

How do installment loans work?

With same day installment loans from online direct lenders, you can solve your financial problem for a while. This type of loan is issued for a longer period of time, while the repayment can be made in installments over a certain period of time. Unlike payday loans, you don’t have to repay the entire loan all at once.

Same day installment loans from online direct lenders can be issued in different amounts of money. This depends on lender policy and state law, as there may be certain restrictions and limitations. An average installment loan can reach $20,000. Interest rates ranging from 6% to 36% further increase the final debt of the loan.

Installment loans are usually unsecured, which means they don’t need collateral like a car or a house. Instead, the lender uses your credit and financial data to decide if you qualify for a loan.

Get an installment loan online with bad credit

Regardless of your credit history, you can get same day installment loans from online direct lenders. https://www.instantcashtime.com/debit-card-loans/ . If your credit score is bad, you still have a chance of getting loan approval. As mentioned above, lenders may take many aspects into consideration when deciding on your application – loan size, repayment period, and monthly income. The basic qualifications are that you must be at least the minimum legal age to contract in your state, have an active bank account, provide an active email address, and be a citizen of the United States.

As long as you can prove your ability to make full refund on time, you won’t have to go through a credit check. A “soft” credit check will however be carried out. Fortunately, this does not affect your credit score.

Get the fast financial help you need

Since you can get a loan online with quick approval, you don’t have to wait for your money to arrive in your bank account. If you need money right now, just fill out an online application. The whole process has been digitized.

With an online loan, you can get the financial help you need in no time. When working with network direct lenders like InstantCashAdvance, you borrow your money instantly. This type of loan service allows you to make your loan decision the same day!

What to do if you can’t repay your installment loan

Life can be tough from time to time. By getting same day online installment loans from direct lenders, you take responsibility for paying back. In fact, you sign the loan agreement to finalize the deal. Before doing so, you should read the terms and conditions.

The main thing lenders are interested in is some type of commitment on your part. Your lender wants to work with you to repay. Proactively working with your lender can minimize message severity and improve flexibility.

If you are unable to cover your debt, the lender may assign you to a collection agency. The main objective is to get you to repay your loan. If there are guarantees attached to the loan, you will have to say “Goodbye”. The lender will most likely contact you to repossess the collateral as stated in the agreement. Remember state law. Depending on your state of residence, you and the lender will have different laws to follow.

The impact of not reimbursing your installment loan can be bad to very bad. Your credit rating will be affected. You may have to pay additional fees and interest rates. It will be more difficult for you to take out loans in the future. Make sure you know your rights and the laws in your state. Do not borrow money if you are not sure of your financial capabilities!

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Cash On Your Mobile – Cash Loans Perth announces it offers accessible cash financial loan services https://carolinafilmandvideofestival.org/cash-on-your-mobile-cash-loans-perth-announces-it-offers-accessible-cash-financial-loan-services/ Sat, 17 Sep 2022 07:10:02 +0000 https://carolinafilmandvideofestival.org/cash-on-your-mobile-cash-loans-perth-announces-it-offers-accessible-cash-financial-loan-services/ Cash On Your Mobile – Cash Loans Perth is a premier financial lending company. In a recent update, the office said it offers accessible cash financial services. (Perth, WA, August 2022) In a website posting, Cash On Your Mobile – Cash Loans Perth said it offered accessible cash financial services. The team said they offer […]]]>

Cash On Your Mobile – Cash Loans Perth is a premier financial lending company. In a recent update, the office said it offers accessible cash financial services.

(Perth, WA, August 2022) In a website posting, Cash On Your Mobile – Cash Loans Perth said it offered accessible cash financial services.

The team said they offer a wide range of financial loans. Customers can now request Cash loans in Perth ranging from $400 to $2000. Their team works around the clock to ensure loan applications are approved.

The company revealed that it allows customers to access Perth payday loans even with bad credit. They claimed that credit rating does not play a significant role in most loan decisions. Additionally, they pointed out that electronic transfers are often completed within four hours of loan approval.

The agency concluded by assuring clients that they valued their privacy. Even though they claim to be the most reliable Perth business loans a, they do not compromise customer privacy. They use technologically advanced and up-to-date equipment and software to protect customer privacy.

About Cash On Your Mobile – Cash Loans Perth

Money on your Mobile – Cash Loans Perth is a leading cash lending company serving Perth and surrounding areas. They can help you with all loan requirements. The customer must complete an online application and submit it. They will be able to see the loan offer before accepting.

Media Contact
Company Name: Money on your Mobile – Cash Loans Perth
Contact person: james clark
E-mail: Send an email
Call: (186) 509-3384
Address:Level 25/108 St Georges terrace
Town: Perth
State: Washington
Country: Australia
Website: https://cashonyourmobile.net.au/cash-loans/perthwa-2/

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