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Committee discusses water bill problems for landlords



BUCYRUS — The issue of landlords being held responsible for tenants’ water bills is under review again by Bucyrus City Council’s service committee.

Bucyrus Water Utility Department Manager Mike Kalb said the issue comes up every few years and one of the problems is landlords who have multiple tenants in one building with one shut off valve.

“We can’t shut off the entire building because one person did not pay their bill,” Kalb said during council’s joint committee meeting Thursday evening at Bucyrus City Hall.

He said last year the city collected $40,000 through property taxes for unpaid water bills.

Landlord Bob Erwin said the deposit should be raised for water customers from the current $180 to $200 or $225.

Mayor Jeff Reser said there is an insurance program that was proposed to handle water leaks and other issues, but it was tabled due to the COVID-19 pandemic.

“I think it is time to revisit that,” Reser said.

Council member Lisa Alsept said she wants residents to pay a larger deposit or obtain a co-signer if they have bad credit.

Bucyrus landlord Paul Moser said Galion does not charge landlords for unpaid water bills and only has about a three-percent rate of non-payment.

“In the state of Ohio, it is not legal to burden someone with someone else’s burden but evidently the city of Bucyrus is special,” Moser said. “Galion does not stick the bills to the landlords so they must be more ethical. The gas company can’t stick me with the bill, the electric company can’t do it, the cable company can’t, so that should tell the city its wrong.”

Reser said the committee should get written suggestions of solutions from landlords and Kalb may provide the cost of implementation to present to the service committee.

“After July 10, the city will start doing shutoffs,” Reser said. “We will be working with people to get their bill caught up, roughly about 200 people. They won’t be shut off right away, we will be working with everyone. It’s not fair to put that one the landlords.”

Bruce Truka, chair of the service committee, wants a cost assessment of how much it will cost the city to send letters to landlords when tenants are behind on their utility bills. He also recommended the issue be tabled until it can be determined how much money was moved from a tenants’ bill to a landlords’ bill and what would it cost the city to run credit checks on people to determine the amount of deposit.

Also during the joint committee meeting, the finance committee approved legislation to go before council for a vote for the city to apply for a federal grant program through the CARES Act.

“I was on a conference call yesterday with the state and other mayors about the funding,” Reser said.

He said it may be used to help residents with utility bills but the city cannot pay itself which means the money would have to be given to the resident and that person would have to pay the bill. It can also be used for other things.

The current Crawford Partnership agreement also was discussed by the finance committee.

“Are we getting anything for the $50,000 per year we pay them,” committee chair James Mee asked.

Reser said the partnership provides several programs for leadership and job-seeking throughout the county, including in local schools, and currently is working with a builder for apartments to be built in the city.

“The partnership comes to council at least four times per year to update us,” Reser said.

He said the city does not have the money to support a city economic development department and the partnership brings a lot of business into the area.

Council president Kurt Fankhauser said he spoke a few weeks ago with Gary Frankhouse, director of the partnership, and asked why he is not a county employee and the partnership is a separate entity.

“He said they do not want to be set up for public records requests because if they are negotiating with a company and other counties are too, he doesn’t want them to be able to obtain the records of communications as to the details of a possible deal,” Fankhauser said.

Council member Myers said the partnership is a non-profit 501c organization allowing them to apply for more grant monies.

Alsept said the partnership seems to be putting more effort into Galion and promoting new businesses at their exits to U.S. 30 but not as much in Bucyrus.

“I have heard Galion residents say they wish Galion had the things we do so it’s all about perception,” Reser said. “We are competing against other counties throughout Ohio to bring industry to our county.”

Council member Doug Foght said Frankhouse was instrumental in assisting his committee to revamp the city’s CRA  and is working toward bringing more industry to the Crossroads Industrial Park.

Myers requested the partnership come to a meeting soon to explain the city’s financial return on the investment the city is making.

Reser will ask Frankhouse to come to the July 9 committee meeting to provide updates on the latest projects.

Acceptance of the SAFER grant was up for discussion and Myers said he would rather wait until the grant comes out to see what the details are within the grant before accepting.

The health and safety committee approved a resolution to be voted on by council in July to support the Bucyrus Police Department. Alsept said she will donate the $200 fee for the issue to be advertised with the local news media.

The committee tabled a discussion on creating a vacant building ordinance until more information can be obtained.

The next city council is July 7 at 7 p.m. in council chambers in Bucyrus City Hall.

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Loans Bad Credit Online – Loans Bad Credit Online – PNC Personal loan 2021 Review | Fintech Zoom | Fintech Zoom



Loans Bad Credit Online – Loans Bad Credit Online – PNC Personal loan 2021 Review | Fintech Zoom

Loans Bad Credit Online – PNC Personal loan 2021 Review

Top perks

Low minimum loan amount

Customers can borrow $1,000 to $20,000. That minimum loan amount of $1,000 is unusual in the personal loan industry. A low minimum threshold means you can get the cash you need to cover small emergencies without being tied down to a larger loan.

Wide range of repayment terms

You have between 6 and 60 months to repay the loan. There are pros and cons to longer repayment terms, so this flexibility allows you to customize your term to your situation.. With PNC, you have the option of designing a repayment plan that fits your monthly budget.

Joint applicants welcome

Whether you need a joint applicant’s high credit score to qualify for a lower loan interest rate or someone has decided to co-assume responsibility for a personal loan, PNC allows for joint applicants.

What could be improved

Terms depend on location

The first thing you will be asked is where you live. On its loan homepage, PNC states that “PNC product and feature availability varies by location.” While this may be good news for borrowers in some areas of the country, it could be bad for others. You’ll need to see what it means for you.

Lowest interest rate reserved

If you’re looking to borrow enough to make repairs to your roof or buy a new furnace, you might not borrow enough to qualify for PNC’s lowest advertised interest rate. That’s because that low interest rate is reserved for those borrowing more money. For example, PNC will automatically assign a $5,000 loan a higher interest rate than a $15,000 loan.

Loans Bad Credit Online – PNC Personal loan 2021 Review

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Loans Bad Credit Online – Loans Bad Credit Online – PNC Personal loan 2021 Review | Fintech Zoom

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Loans Bad Credit Online – Badger Advisors Gets Bad Review For Credit Card Refinancing | Fintech Zoom



Loans Bad Credit Online – Badger Advisors Gets Bad Review For Credit Card Refinancing

Editorial Credit: Djomas

Badger Advisors wants you to believe they are offering credit card refinancing and have begun flooding the market with debt consolidation and credit card relief offers. The problem is that the terms and conditions are at the very least confusing, and possibly even suspect. The interest rates are so low that you would have to have near-perfect credit to be approved for one of their offers. Best 2021 Reviews, the personal finance review site, has been following Badger Advisors, Rockville Advisors, Old Dominion Associates, Sooner Partners, Snowbird Partners, Gulf Street Advisors, Memphis Associates, Safe Path Advisors, Plymouth Associates, Tate Funding, Braidwood Capital, Tiffany Funding, Nickel Advisors, Coral Funding, Neon Funding, Polk Partners, Ladder Advisors (also known as Carina Advisors, Corey Advisors, Pennon Partners, Jayhawk Advisors, Clay Advisors, Colony Associates, and Pine Advisors, etc.).

Editorial Credit: Ollyy

Credit Card Refinancing

Credit card refinancing is a possibly feasible solution for your piling credit card debt. Under credit card refinancing, all of your credit card balances go into one account where a single interest rate is charged. If you have a good enough credit score, then you may be able to qualify for credit card refinancing at low-interest rates. Just like other refinance options, credit card refinancing also entails a loan offer to pay off your debts and improve your financial health. You will then have to focus on the credit card refinancing loan only and no other credit card balance.

Another major advantage of credit card refinancing is that the interest rate will not vary over the lifecycle of the loan. This will simplify your life a lot and make debt servicing much easier since you will know how long it will take for you to pay back your loan. With variable interest rates that you often find in credit cards, you can end up incurring higher interest expenses. But with a fixed interest rate that credit card refinancing purveys, you will not have to face this unwelcome possibility.

With the right kind of credit card refinancing loan, you can possibly save hundreds and even thousands of dollars on interest expenses this way. Of course, you will have to be punctual with your monthly repayments. If the terms and conditions of your credit card refinancing loan are favorable then you may very well embark on the road to financial freedom and get there before you know it.

Is There Any Difference Between Credit Card Refinancing and Debt Consolidation?

From the aforementioned discourse, you may have realized that credit card refinancing is very similar to debt consolidation and that indeed is the case. Both are about settling all debts with one favorable loan so that you can focus on this loan only and enjoy its lenient terms and conditions to rebuild your credit score and gradually work your way towards debt freedom.

Provided the terms and conditions of your credit card refinancing loans are suitable, this financial option represents a viable route for managing and paying off your outstanding liabilities in a better way.

Why Credit Card Refinancing loan May be Better

A credit card refinancing loan may be a better choice than a balance transfer card. The idea of a balance transfer card is to take advantage of the zero APR introductory period that usually lasts from 12 to 18 months. However, there are a few caveats due to which a balance transfer card may not exactly be a good idea.

The zero APR period may look tempting but it still may not be long enough to pay off your entire credit card debt. And that is unfortunate because once the zero APR limit expires then you will have to pay very high interest and you may even incur penalties. Then there is the question of balance transfer fees that can offset the advantages of the zero APR time frame.

Another problem is that the credit limit of the balance transfer credit card may not be big enough to accommodate all of your credit card balances. This is a real possibility since your credit card debt is high to begin with and it may not fit within the credit limit of the balance transfer card.

Then there is the danger of spending with the balance transfer credit card. The inability to control spending and use of credit cards is the very reason why people fall into credit card debt traps in the first place. This possibility is very much open and present with balance transfer cards. Instead of helping you, they may worsen your debt situation since they too are credit cards that are all too easy to misuse. What’s worse, they have exorbitant interest rates.

Such a scenario cannot transpire with a credit card refinancing loan since it is not a credit line – this loan immediately goes towards paying off your credit card balances due to which there is no peril of misuse. Instead of getting another credit card in the shape of a balance transfer card it is much safer to freeze all of your cards and repay your debts.

If you do your research on credit card refinancing then you might find that some people also include balance transfer credit cards under this heading. But due to the drawbacks mentioned above, you should try to steer clear of balance credit cards and instead take out a personal loan for the sole purpose of repaying your credit card debts.

The prime advantage of credit card refinancing is that they can provide you with a low interest rate if you have a good enough credit score.

How to Make Credit Card Refinancing a Success

While credit card refinancing provides good terms and conditions, it is not a magic elixir that will cure all of your financial woes.

To make your credit card refinancing a success, you will have to follow some good money habits and exercise discipline at the same time.

You should try to find extra sources of income. You can think about working overtime at your job if that is possible. If not, you can opt for freelancing gigs and projects. Even if you earn a few hundred dollars through this route each month, it will prove to be of great assistance in helping you become debt-free more quickly.

You should also think up ways of saving on expenses. A major reason why consumers incur enormous debts is that they do not track their spending. This is a habit that you must remedy forthwith if you wish to get out of your financial predicament quickly. No matter how little your expense, make sure you record it somewhere secure. You can utilize apps to record your transactions. Thus, you will know the areas on which your spending is inordinate. You will also be able to compare your spending with your planned budget.

You should get in touch with your financial advisor to find out whether credit card refinancing is right for you.

Loans Bad Credit Online – Badger Advisors Gets Bad Review For Credit Card Refinancing

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The Pros and Cons of Being an Authorized User on a Credit Card



Having friends has its perks, especially if that friend lets you be an authorized user on their credit card.

If you’re thinking of asking someone you trust to be added as an authorized user on one of their cards, it’s important to know what you’re getting into with this decision. Instead of getting your own credit card, you may be thinking of taking this step so that you have access to a card when you need it. There are advantages and disadvantages to being an authorized user. Keep reading to learn the pros and cons of being an authorized user on a credit card.

What is an authorized user?

An authorized user is someone who has permission to use a credit card account. While they’re legally able to use the credit card, they’re not responsible for paying off the credit card debt. Most top credit card issuers allow their cardholders to add an authorized user to their account.

Can anyone be added as an authorized user?

Most credit card issuers have age requirements in place for authorized users. Other than that, there aren’t restrictions.

The pros of being an authorized user

Being an authorized user on a credit card has its advantages:

  • This can help build credit. For someone with little or no credit, being added as an authorized user can help them build a good credit score. That’s because many credit card companies report the history of the account on an authorized user’s credit report. This can be helpful in the future when you attempt to open your own credit card account.
  • It gives a person access to a credit card. With poor credit history or a bad credit score, it can be challenging to get a credit card. Being added as an authorized user can give you access to a credit card, which can be especially helpful during an emergency.
  • You can learn how to manage money. Being an authorized user is a great way to learn how to manage money better. You can learn how to make smart financial decisions before opening your own credit account.

The cons of being an authorized user

Here’s what you need to look out for:

  • The account holder’s actions can negatively impact your credit. If the credit cardholder misses payments or racks up a lot of debt on the card, it could negatively impact your credit. Before being added as an authorized user, it’s a smart idea to consider whether the credit cardholder is financially responsible.
  • They can remove you at any time. The credit cardholder can remove you as an authorized user at any time. When this happens, that account will no longer appear on your credit report. This is something to consider if you want to build your credit.
  • It could cause relationship issues. If you and the cardholder disagree about which charges you’ve made or how much you owe them, this could cause added stress and could lead to relationship issues. Consider setting clear boundaries and ways to track purchases made so that you minimize disagreements or confusion.

The bottom line

Being added as an authorized user may be a good option for you. But, you need to be well aware of the positives and negatives. Talk with someone you trust about this opportunity and outline expectations and rules. Then you can both decide if it’s the right move to make.

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