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Mercedes-Benz USA and parent settle emissions cheating probes; Oracle-TikTok deal is shrouded in questions |

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Daimler to pay $1.5B for emissions cheating

WASHINGTON — Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Monday.

The U.S. Department of Justice, Environmental Protection Agency and the California attorney general’s office say Daimler violated environmental laws by using so-called “defeat device software” to circumvent emissions testing and sold about 250,000 cars and vans in the U.S. with diesel engines that didn’t comply with state and federal laws.

The settlement, which includes civil penalties, will also require Daimler to fix the vehicles, officials said.

The German automaker said on Aug. 13 that it had agreements with the Justice Department, Environmental Protection Agency, Customs and Border Protection, the California Air Resources Board and others over civil and environmental claims involving about 250,000 diesel cars and vans.

Daimler said the settlement would bring costs of about $1.5 billion, while the civil settlement will bring a one-off charge of about $700 million. It estimated that “further expenses” would be required to fulfill conditions of the settlements.

Details of Oracle deal with TikTok unclear

SAN FRANCISCO — The short-video app TikTok on Sunday chosen Oracle as its corporate savior to avoid a U.S. ban ordered by President Donald Trump. The U.S. government said Monday it will review the prospective deal.

That much is known. Everything else is confusion, at least to outsiders. For example, what does it mean that, as Oracle declared, it will become a “trusted technology provider” for TikTok? Is this a joint venture, a vendor agreement or something else? Oracle is pointedly not referring to its deal as a sale or acquisition.

“This whole process has been a mess,” said Martin Chorzempa, a research fellow at the Peterson Institute for International Economics.

U.S. Treasury Secretary Steven Mnuchin appeared to support the Oracle bid on CNBC Monday morning. Oracle’s proposal made “many representations for national security issues,” Mnuchin said. He also noted a new commitment — by whom, he didn’t say — to make TikTok’s global operations a U.S.-headquartered company with 20,000 new jobs. Neither TikTok nor Oracle mentioned that pledge Monday, although TikTok said in July that it would add 10,000 U.S. jobs

TikTok said in a statement Monday that its proposal to the Treasury Department should “resolve the Administration’s security concerns” and emphasized the importance of its app to the 100 million users it claims in the U.S.

Oracle and TikTok did not answer questions about the structure of the proposal on Monday. The Treasury Department didn’t return an emailed request for more information about the proposal.

Buyout sparks fears of chip dominance

LONDON — U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global powerhouse in the industry.

The deal, announced late Sunday by Nvidia and Arm’s parent, Japanese technology giant SoftBank, raises concerns about the independence of Arm, one of Europe’s most important technology companies.

Most of the world’s smartphones run on Arm’s chip designs and it’s a vital supplier for companies like Apple and Samsung. It’s also an innovator in chip technology that can power artificial intelligence for connected devices like medical sensors, known as the “Internet of Things.” The company’s business centers on designing chips and licensing the intellectual property to customers, rather than chip manufacturing, for which it relies on partners.

Being owned by a U.S. company could mean Arm is exposed to U.S. government export bans at a time when Washington is in a battle for tech supremacy with China.

Nvidia CEO Jensen Huang said the U.S. company still plans to keep Arm based at its headquarters in Cambridge, England. “Together we’re going to create the world’s premier computing company for the age of AI,” Huang said.

Verizon to buy mobile reseller Tracfone

NEW YORK — Verizon, the country’s largest phone company, is buying prepaid phone seller Tracfone for up to $6.9 billion, expanding its low-income customer business.

Tracfone, a subsidiary of Mexico telecom giant America Movil, is a mobile reseller, the largest in the U.S. It doesn’t build its own network, instead paying companies like Verizon, AT&T and T-Mobile a fee to use theirs. Nearly two-thirds of Tracfone’s 21 million U.S. customers get their service from Verizon via Tracfone renting Verizon’s network.

Most U.S. cellphone customers are “postpaid” rather than prepaid — they pay a monthly phone bill. Prepaid customers are more likely to be low-income or have bad credit. Tracfone is a major provider of the U.S. Lifeline service, which discounts phone and internet service for low-income customers. Verizon said Monday that it would continue to offer Lifeline through Tracfone.

Verizon said it expects the deal to close in the second half of 2021. Regulators must approve it.

Gilead buying maker of cancer drugs

NEW YORK — Shares of the cancer drug specialist Immunomedics more than doubled before the market opened Monday, a day after its sale to Gilead Sciences for $21 billion was announced.

Gilead said on Sunday that it will pay $88 per share in cash as it seeks to broaden its cancer treatments portfolio. Immunomedics’ drug Trodelvy was granted accelerated approval by the U.S. Food and Drug Administration in April for the treatment of adult patients with metastatic triple-negative breast cancer who have received at least two prior therapies for metastatic disease. The drug is also being studied for bladder cancer, lung cancer and other solid tumor types.

The deal is expected to close in the fourth quarter.

Delta to monetize its loyalty program

NEW YORK — Delta Air Lines will use its frequent flyer program to back up $6.5 billion in funding as the pandemic continues to buffet air travel.

A sharp drop in travel has left the airlines with tens of thousands more employees than they need to operate the vastly reduced number of flights. This spring, the airlines began receiving $25 billion in federal grants and loans to keep workers on their payrolls for six months. With that money ending Sept. 30, the three biggest U.S. carriers are expected to furlough or lay off about 40,000 workers.

Delta is only the latest to leverage its frequent flyer program to raise capital. United Airlines and American Airlines did the same in June.

Airline executives do not expect airline traffic to return to normal for some time, and that is raising pressure on lawmakers to step in and prevent mass job losses.

On Monday, Delta said the bonds and term loans linked to the funds will be secured by its SkyMiles program. SkyMiles IP plans to lend the net proceeds from the bonds and term loan to Delta after depositing a portion of the proceeds in a reserve account.

US halts some imports over forced labor

WASHINGTON — The U.S. has blocked imports from four companies and a manufacturing facility in northwestern China suspected of using forced labor from people detained as part of a sweeping crackdown on ethnic minorities in the region.

Companies that ship clothing and other cotton goods, computer parts and hair products from the Xinjiang region were named in the order issued by U.S. Customs and Border Protection.

VW completes monitoring in 2015 emissions scandal

FRANKFURT, Germany — Volkswagen said Monday that it has completed supervision by an independent monitor imposed as part of the company’s plea agreement with the U.S. Justice Department in its diesel emissions scandal.

The company said it worked with monitor Larry Thompson since 2017 to implement compliance programs aimed at preventing behavior like that evidenced by the scandal. The company made cars rigged to cheat on U.S. diesel emissions tests, and paid more than $33 billion in fines and settlements.

The carmaker said that steps taken during the monitoring period included a code of conduct across all its businesses, an expanded whistleblower system and establishing a top-level compliance committee.

Former CEO Martin Winterkorn faces a trial on criminal fraud charges in Germany in connection with the 2015 scandal and also has been charged in the U.S. along with other former VW executives.

Walmart, Zipline to test drone delivery

NEW YORK — Walmart is teaming up with a company called Zipline to launch drone delivery program early next year that will deliver health and wellness products close to the retailer’s headquarters in northwest Arkansas.

Walmart said Monday that it plans to eventually expand to general merchandise.

It’s the second delivery drone deal for Walmart within a week. It’s using drones from startup Flytrex to deliver groceries and household essentials from its Walmart stores in North Carolina.

Zipline, founded in 2014, has the world’s largest drone delivery network and began operating in late 2016 in Rwanda primarily focusing on-demand delivery of medical supplies. The company has now delivered more than 200,0000 medical items to thousands of health facilities in numerous countries.

NJ sets US sports betting record

ATLANTIC CITY, N.J. — New Jersey gamblers set a nationwide record for the most money bet on sports in a single month, plunking down almost $668 million in August on events including resurgent baseball, basketball and hockey seasons that had been interrupted by the coronavirus outbreak, figures released Monday showed.

That smashed the previous record of $614 million set in Nevada in Nov. 2019.

The extra money helped cushion the blow of months of losses incurred by New Jersey’s casinos and two racetracks that offer sports betting, helping them start to rebound financially.

The state Division of Gaming Enforcement shows the casinos and tracks collectively won $326.3 million from gamblers in August.

That figure was heartening to the casinos because it came in a month where they were restricted to operating at 25 percent of capacity, and it also included a doubling of internet gambling revenue compared to a year ago.

All told, the casinos and tracks saw their revenue decline by 7.5 percent compared to August 2019, when they were going full-blast and there was no pandemic.



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Budget, wise decisions key to students’ financial success

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Alliance Credit Union has a branch in the student union building. / VN file photo by Devonne Mccullough

BY BENJAMIN BLAZEVIC / VN STAFF WRITER

Students learned strategies on how to successfully manage and grow their personal wealth during an online, campus-sponsored Zoom call recently.

“The number one key to financial success is budgeting,” said Jessica McCullen, communications coordinator of Alliance Credit Union, which hosted the Nov. 19 Zoom call. The credit union has a branch on campus, which is managed by Christopher Frost.

McCullen described a budget as “a strategic plan to spend your income in such a way that meets your needs, fulfills your obligations, builds wealth and (allows you to) enjoy your life.”

She explained how to make a monthly budget.

Start by writing down your total income, then list all possible expenses. Prioritize your expenses, subtract your income minus your total expenses (including savings) and that should equal zero, according to McCullen.

“Essentially, every dollar amount that you get in should have a place to go, whether that be towards your rent payment or towards your savings. At the end the monthly budget should equal You should redo a budget every month, she said.

McCullen said that this strategy helped her better manage her income once she realized how much she was spending on fast food after checking her monthly budget.

At the online event, branch manager Christopher Frost covered a section comparing credit and debit cards.

Debit cards are used for spending money from your own checking account while credit cards allow you to borrow money instead of spending your own.

Credit cards can have higher annual fees, according to Frost.

He added that the key is to pay the credit card balance within 30 days, so you don’t have to pay interest.

“There are two types of interest – interest that you pay and interest that you can earn,” said Frost.

There is “simple” interest, which is a fixed percentage of a loan’s principal amount.

There is also compound interests, which is interest based on principal plus interest, he said.

Frost also detailed how credit scores are calculated.

“No score is not the same as a low score,” said Frost

Five categories help determined a credit score: payment history (35%), amount owed (30%), length of credit history (15%), credit mix (10%) and new credit (10%).

“The misconception is that ‘Hey, if I’m one day late, I’m going to get a bad mark on my credit report,’ ” said Frost. “That is not the case.”

For anything to be reported to your credit bureau it usually must be 30 days, 60 days or 90 days late.

You can be 29 days late and get a late fee, but it won’t be reported to the credit bureau, according to Frost.

A score of 300-629 points is considered bad credit, 630-689 fair credit, 690-719 good credit and 720-850 great credit.

Frost explained how people build credit.

“You really want to have two to three years of on-time payments and clean history,” said Frost.

The longer you can have a clean history, the better the credit score, he noted.

“One thing to help you with that is to dispute any information that you think is inaccurate on your credit report,” he said. “You also want to use your credit card.”

You don’t want to have a credit card you are not using, according to Frost.

Frost recommended using your credit card for something like gas if you need a way to start building credit.

Furthermore, Frost said a good mix of loans (like credit lines, student loans and auto loans) shows financial institutions that you can pay off different loans and that they can trust you.

He also suggested avoiding store credit cards since they usually have high interest rates compared to non-store credit cards.

Some store credit cards charged hefty fees for being a day late, he added.

One tip for managing debt, according to Frost, is to automatically put 10% of your income into your savings.

Other good ideas include saving for large purchases, planning on what you want to buy and negotiating on how to best pay off a loan.

Frost said students can make an appointment with him online to have their financial questions answered.

The credit union is a not-for-profit entity run by its members.

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How to Get a Personal Loan Fast

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Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”

If you’re facing a financial emergency and don’t have enough money set aside in savings to cover the expenses, emergency loans might help.

These are personal loans with quick funding times to quickly get you the money you need.

Here’s what you should know about emergency loans and how to get them:

Emergency loans

There are several lenders that offer emergency loans. Keep in mind that you’ll likely need good credit and verifiable income to qualify, though some lenders have less strict requirements than others.

Here are Credible’s partner lenders that provide emergency loans:

Avant

With Avant, you could get a personal loan up to $35,000 with funding as soon as the next business day. Avant could also be a good choice if you’re looking for a personal loan for bad credit.

  • Rates: 9.95% – 35.99% APR
  • Loan terms (years): 2, 3, 4, 5*
  • Loan amount: $2,000 to $35,000**
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except CO, CT, HI, IA, NV, NY, VT, and WV
  • Min. income: $24,000
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. credit score: 580
  • Time to get funds: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Loan uses: Debt consolidation, emergency expense, life event, home improvement, and other purposes

Avant personal loans review

*If approved, the actual loan terms that a customer qualifies for may vary based on credit determination, state law, and other factors. Minimum loan amounts vary by state.

**Example: A $5,700 loan with an administration fee of 4.75% and an amount financed of $5,429.25, repayable in 36 monthly installments, would have an APR of 29.95% and monthly payments of $230.33.

Axos

Axos offers personal loans for up to $35,000 with time to fund as soon as the next business day. To qualify for a personal loan with Axos, you’ll generally need good to excellent credit.

  • Rates: 6.49% – 29.99% APR
  • Loan terms (years): 1, 2, 3, 4, 5
  • Loan amount: $5,000 to $35,000
  • Fees: No prepayment penalty
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Min. income: Does not disclose
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. credit score: 740
  • Time to get funds: Next business day
  • Loan uses: Debt consolidation, home improvement, and other purposes

Axos Bank personal loans review

Best Egg

Best Egg loans are available for up to $35,000 and are typically funded in one to three business days after verification. You might also be able to qualify for a lower interest rate with Best Egg than you’d get with a traditional lender.

  • Rates: 5.99% – 29.99% APR
  • Loan terms (years): 3, 5
  • Loan amount: $5,000 – $35,000
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except DC, IA, VT, and WV
  • Min. income: None
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. credit score: 640
  • Time to get funds: As soon as 1 – 3 business days after successful verification
  • Loan uses: Credit card refinancing, debt consolidation, home improvement, and other purposes

Best Egg personal loans review

Discover

Discover offers several types of financial products, including personal loans ranging from $2,500 to $35,000. With a Discover personal loan, funds could be sent as soon as the next business day after acceptance.

  • Rates: 6.99% – 24.99% APR
  • Loan terms (years): 3, 4, 5, 6, 7
  • Loan amount: $2,500 – $35,000
  • Fees: None as long as you pay on time
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. credit score: 660
  • Time to get funds: Funds can be sent as soon as the next business day after acceptance
  • Loan uses: Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding

Discover personal loans review

LendingPoint

LendingPoint loans are generally geared toward borrowers with poor or fair credit, which could make it easier to get approved. With LendingPoint, you can borrow up to $25,000, with funding as soon as the next business day.

  • Rates: 15.49% – 35.99% APR
  • Loan terms (years): 2, 3, 4
  • Loan amount: $2,000 to $25,000
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except CO, CT, HI, MA, MD, NV, NY, VT, WV, and WY
  • Min. income: $35,000
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. credit score: 585
  • Time to get funds: As soon as the next business day
  • Loan uses: Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes

LendingPoint personal loans review

LightStream

If you need a larger personal loan, LightStream could be a good option. LightStream offers personal loans up to $100,000 and funding potentially as soon as the same business day.

  • Rates: 3.99% – 19.99% APR
  • Loan terms (years): 2, 3, 4, 5, 6, 7 (up to 12 years for home improvement loans)
  • Loan amount: $5,000 to $100,000
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except RI and VT
  • Min. income: Does not disclose
  • Customer service: Phone, email
  • Soft credit check: No
  • Min. credit score: 660
  • Time to get funds: As soon as the same business day
  • Loan uses: Credit card refinancing, debt consolidation, home improvement, and other purposes

LightStream personal loans review

LightStream disclosure

Upgrade

Upgrade is another lender willing to work with borrowers with less than stellar credit. You could get a loan up to $35,000 with Upgrade, with funding as fast as a day of clearing verifications.

  • Rates: 7.99% – 35.97% APR
  • Loan terms (years): 3, 5
  • Loan amount: $1,000 to $50,000 ($3,005 minimum in GA; $6,005 minimum in MA)
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except IA and WV
  • Min. income: Does not disclose
  • Customer service: Email
  • Soft credit check: Yes
  • Min. credit score: 580
  • Time to get funds: Within a day of clearing necessary verifications
  • Loan uses: Debt consolidation, credit card refinancing, home improvement, and other purposes

Upgrade personal loans review

Upstart

Loans from Upstart are available from $1,000 to $50,0005. With Upstart, you could get your funds within one to three business days.

  • Rates: 8.13% – 35.99% APR4
  • Loan terms (years): 3 to 5 years4
  • Loan amount: $1,000 to $50,0005
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except IA and WV
  • Min. income: $12,000
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. credit score: 600
    (in most states)
  • Time to get funds: As soon as 1 – 3 business days6
  • Loan uses: Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes

Upstart personal loans review

4The full range of available rates varies by state. The average 3-year loan offered across all lenders using the Upstart platform will have an APR of 15% and 36 monthly payments of $33 per $1,000 borrowed. There is no down payment and no prepayment penalty. Average APR is calculated based on 3-year rates offered in the last 1 month. Your APR will be determined based on your credit, income, and certain other information provided in your loan application. Not all applicants will be approved.

5This offer is conditioned on final approval based on our consideration and verification of financial and non-financial information. Rate and loan amount are subject to change based upon information received in your full application. This offer may be accepted only by the person identified in this offer, who is old enough to legally enter into contract for the extension of credit, a US citizen or permanent resident, and a current resident of the US. Duplicate offers received are void. Closing your loan is contingent on your meeting our eligibility requirements, our verification of your information, and your agreement to the terms and conditions on the www.upstart.com website.

6If you accept your loan by 5pm EST (not including weekends or holidays), loan funds will be sent to your designated bank account on the next business day, provided that such funds are not being used to directly pay off credit cards. Loans used to fund education related expenses are subject to a 3 business day wait period between loan acceptance and funding in accordance with federal law.

Learn More: Where to Get a Personal Loan

How to qualify for an emergency loan

Qualifying for a personal loan for emergencies is similar to getting approved for most other loans. The lender will typically consider your credit history, income, and ability to repay the loan in the future to determine if you’re eligible.

Here are a few ways you could improve your odds of loan approval:

  • Avoid taking out other new credit
  • Keep your credit card balances low
  • Make any existing loan payments on time
Tip: If you have bad credit or no credit, you might be able to qualify for a personal loan with a cosigner. Having a creditworthy cosigner could help you get approved or could get you a lower interest rate than you’d get on your own.

Not all lenders allow for a cosigner on personal loans though, so be sure to check.

Just keep in mind that a cosigner is legally responsible for the loan if you can’t make our payments.

Learn More: No Credit Check Personal Loan

How to compare emergency loan lenders

While personal loan lenders might look similar on the surface, it’s important to compare them to find a loan that fits your needs.

Be sure to consider as many lenders as possible when searching for an emergency loan. A few important factors to consider include:

  • Interest rates
  • Repayment terms
  • Any fees charged by the lender (such as origination fees)

Before you borrow, estimate how much you’ll pay for a loan using our personal loan calculator below.

Enter your loan information to calculate how much you could pay

Total Payment
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Total Interest
$

Monthly Payment
$

With a
$
loan, you will pay
$
monthly and a total of
$
in interest over the life of your loan. You will pay a total of
$
over the life of the
loan.


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Compare rates without affecting your credit score. 100% free!

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How to apply for an emergency loan

While emergencies are tough situations, getting an emergency loan doesn’t have to be. Follow these four steps to apply for an emergency loan:

  • Shop around and compare lenders: Start by looking for lenders that could meet your needs. Consider credit and income requirements as well as interest rates and loan limits. This way, you can likely narrow down your list of potential lenders.
  • Fill out the application: Once you decide which lender you like best, you’ll need to complete a full application for the loan. You might also need to submit documentation, such as proof of income.
  • Get your funds: If your loan is approved, the lender will send you your funds. The fastest way to get funds in many cases is through a direct deposit.

If you’re ready to find your loan, Credible can help you streamline the process. With Credible, you can see your prequalified rates from multiple lenders in just two minutes after filling out just a single form.

Ready to find your personal loan?
Credible makes it easy to find the right loan for you.

  • Free to use, no hidden fees
  • One simple form, easy to fill out and your info is protected
  • More options, pick the loan option that best fits your personal needs
  • Here for you. Our team is here to help you reach your financial goals

Find My Rate
Checking rates won’t affect your credit

Be careful with other types of emergency loans

If you’re facing an emergency, you might be tempted by other types of fast-access loans, such as:

  • Payday loans are unsecured, short-term loans designed to be paid back by the next payday. While they typically don’t require a credit check, they can come with interest rates ranging from 300% to 500%.
  • Pawn shop loans are a type of loan where you leave a valuable item with a pawn shop to borrow money. Like payday loans, pawn shop loans usually come with extremely high interest rates. If you pay the loan back as agreed, you’ll get your item back. But if you don’t, the pawn shop can sell it.
  • Title loans put your car’s title on the line as collateral. If you don’t pay the loan back as agreed, you might lose your vehicle.

Borrower beware: Payday, pawn shop, and title loans should be an absolute last resort if you need fast cash, as they can come with astronomically high interest rates and potentially predatory lending practices.

Check Out: Small Personal Loans

Alternatives to emergency loans

If an emergency loan doesn’t seem right for you, here are a few alternatives that you might consider:

  • Credit union loans: Because credit unions are nonprofit organizations, you might be able to get a lower interest on a credit union. However, you’ll need to be a member of the credit union to apply.
  • 0% APR credit card: Some credit cards offer 0% APR introductory periods. If you’re able to repay the balance by the end of this period, you won’t owe any interest. Keep in mind that if you can’t pay off the balance by this time, you might be stuck paying hefty interest charges.
  • Payment plan or hardship options: If you’re facing an emergency or hardship, your creditor might be willing to work out a payment plan. Some creditors also offer hardship options. Reach out to see what your options might be.
  • Ask family or friends for help: Temporarily borrowing money from family or friends could help you navigate a financial challenge. However, this could impact your relationships, so proceed with care.
  • Paycheck advance: If you have a steady job, your employer might be willing to offer a payroll advance in some circumstances.

Build an emergency fund

Having an emergency fund can help you cover unexpected expenses. Generally, an emergency fund should contain even money to cover three to six months’ worth of your expenses.

Having an emergency fund could help you avoid the need for an emergency loan in the future.

How do I start an emergency fund? To get started on your emergency fund, you might save as little as $5 or $10 per week. As you get used to the saving habit, you can add to your savings and watch your account grow.

Another option is to sign up for a high-yield savings account. These accounts offer higher interest rates compared to standard savings accounts, which could help you increase your savings more quickly.

Keep Reading: How Personal Loans Impact Your Credit Score


About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 4.99-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 8%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

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Need Cash for Holiday Gifts? Dan the Deal Man Offers Lease-To-Own with No Credit Needed for Electronics and Christmas Toys

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CAVE CREEK, Ariz., Nov. 30, 2020 /PRNewswire/ — DanTheDealMan.com, a nationwide e-commerce company, offers No Credit Needed lease-to-own with Progressive Leasing and Snap Finance for everything on your holiday shopping list.

Customers can shop for gifts almost anywhere on the Internet and Dan the Deal Man can put it on the lease-to-own program and even give their customers cash back for their initial payment within 24 hours. The gifts get delivered right to their customers’ homes with Free Shipping. Then customers are set up on payments based on their paydays for up to one year.

“Partnering with both Snap Finance and Progressive Leasing has helped our new and past customers to get approved even when most traditional lending institutions have made it more difficult to borrow money during the Covid-19 coronavirus pandemic,” said Dan Marsh, owner of Dan the Tire Man and Dan the Deal Man.

“Many people live paycheck to paycheck and they just don’t have the cash upfront to purchase new items when they need them, especially during the holidays,” said Katie Marsh, co-owner of Dan the Tire Man/Dan the Deal Man. “This program is great for those folks who may have bad credit or are short on cash and need and want things now.”

“With most kids on their iPhones and watching TikTok or scrolling on Instagram all day, we know parents are looking for other gifts to get their kids playing games again or back outside in nature. Our company can help achieve that goal for little to no money out of pocket up front,” said Dan Marsh.

Even this year’s hottest gifts can be put on the program such as Apple Airpods, iPhone 12 Pro, Nintendo Switch, Kindle, Sony Noise Canceling Headphones, Fitbit, STEM kits, Lego StarWars, LeapFrog, gaming computers and much more.

About Dan and Katie:

Dan Marsh has been in all aspects of the tire business for over 35 years. From owning a small tire shop and installing tires himself to exporting large containers of tires out of the US, he garnered the experience needed to create the e-commerce websites that today are danthetireman.com and danthedealman.com. Katie Marsh has a background in SEO and marketing and manages the business day to day. To learn more, please visit danthedealman.com. Or click here to directly apply for the Snap Finance Application or the Progressive Leasing Application.

SOURCE Dan the Deal Man

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