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Walmart filing tied to financial startup

Walmart Inc. has filed for a trademark on the name of the financial technology startup it created earlier this year to move further into the banking services arena.

The proposed name is Hazel by Walmart, according to an application filed March 29 with the U.S. Patent and Trademark Office.

The filing lists a slew of goods and services the new company will provide, most of which involve processing credit and debit card transactions and electronic fund transfers; issuing credit cards; and bill-paying services.

Other financial services listed include providing loans; financial consulting; credit repair; and portfolio analysis. Hazel by Walmart will not offer tax preparation or insurance services.

The Bentonville retailer said in January that it was working with global investment firm Ribbit Capital to offer “next-generation digital financial products” for employees and customers.

However, the company revealed little about the venture. A Walmart spokeswoman said at the time that exact projects and a timeline still were being developed, and Walmart had no additional details to share.

— Serenah McKay

Hospitality workers target of LR job fair

The Little Rock Convention and Visitors Bureau will host a job fair on May 4 targeting workers in the hospitality and tourism industry, which has been hit hard by the coronavirus pandemic.

The Big on Little Rock Hospitality Industry Job Fair will be held 10 a.m. to 6 p.m. at the Statehouse Convention Center.

Representatives from restaurants, hotels, attractions, event venues will be accepting applications for jobs for accountants, administrators, managers, salesmen, security, housekeepers, bartenders, cooks and more, according to a news release.

The job fair will start with a news conference to mark National Travel and Tourism Week and a celebration of the bureau’s 50th anniversary.

The fair “represents the best opportunity yet for workers who lost their jobs in 2020 as well those Arkansans looking to enter the hospitality workforce,” Gretchen Hall, the bureau’s president and chief executive officer, said in the release.

— Noel Oman

Arkansas Index falls 1.25, ends at 598.33

The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, closed Thursday at 598.33, down 1.25.

“Volume remains muted but equities closed near session highs as investors awaiting a pullback in prices continue to be drawn into the market as stocks grind higher ahead of first quarter earnings reports and continued accommodative monetary and fiscal policy,” said Leon Lants, managing director at Stephens Inc.

The index was developed by Bloomberg News and the Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.

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How Do the Best Credit Repair Companies Work to Clean Up Your Credit Score?

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 Credit repair companies promised to eliminate negative items in your individual credit standing report which can improve your credit score. A good credit score is the goal of many people especially if they are planning to venture into something which requires funding. On the other hand, if you are struggling with a bad credit standing, you can seek assistance from credit repair companies to help you rebuild your credit report. These companies are like auditors who review your credit report and check for matters that can be improved or removed. 

 

There are many credit repair companies out there and all of them are promising to do the work. These companies are trying to persuade people to seek them out if you are having a hard time rebuilding their credit score or simply if you want an expert to lay eyes on your credit report for assessment and improvement. A review at Observer.com has a list of the best credit repair companies wherein you can check out the top-rated credit repair companies that have been proven and tested through times that they can do what they are talking about. These companies have their own strategies on how they deliver exceptional results to their customers. 

So, How Does a Credit Repair Company Clean Up Your Credit Score? 

Credit Reports

First things first, credit repair companies communicate with credit bureaus, debt collectors, financial institutions on your behalf. You don’t have to show yourself to these organizations to have a negotiation, you just have to let it be done in the hands of credit repair companies. Credit Repair companies have their own strategy to convince a credit bureau on how to remove negative credit report entries, by doing this, those credit bureaus will certify that you are a responsible debtor. There are many ways credit repair companies do to help you level up your credit score. They can send emails through the internet but physical mail will do the math also, these companies adapt to the “jamming” method. In this method, credit repair companies will send out a large volume of mails, when credit bureaus know about this, they would eventually delete any negative information. 

Dispute Negative Entries

In this manner, your credit repair company will be able to let you breathe in. They will be notifying financial institutions about the items that need to be disputed. Some of the items that can be disputed are incorrect late payments. The importance of prompt payments will be reflected in your credit standing report, thus making it a ticket to a good credit report. Humans as we are, we are bound to making mistakes, and it can happen anytime. Payment history does not only show the figures, but it is a window to your personality. So, they are mainly communicating with financial institutions that you are connected to and evaluate your credit performance too, in order for them to come up with the best solution for you. 

Recommend Other Ways to Improve Credit Score

Some companies do credit counseling to their customers. This is to help you create a well-planned credit plan in the future. Some companies monitor your credit activities and identify certain areas to improve on. Aside from rebuilding your credit profile, credit repair companies teach also financial literacy to customers and even educate customers with better credit habits. This is to promote well-being to customers financially. The goal of a credit repair company is that their customers will be able to maximize their credit capabilities.

Credit repair companies do not guarantee fast results, but they’ll surely help you improve and rebuild your credit profiles. It’s all up to you to do your research and read reviews. As have been mentioned earlier, this is how credit repair companies can help you clean up your credit score. Solutions must be tailored-fit to a person’s needs. You’ll know their genuine care to help you in the consultation process. Consultation is where you talk your pain points to the credit repair company that you are working with, from there, the company will then be able to see a sneak peek of how does your profile look.

Now that you already know what a credit repair company can do to help you. You already have an idea how are they going to help you clean up your credit profile. So, before planning out to take a new loan or mortgage, have the time to have it check in a reputable credit repair company that you trusted. Sometimes hiring experts to evaluate your credit standing is more efficient than doing it on your own.

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Verizon bent on TracFone buy even as prepaid brand loses subs

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Verizon remains adamant that its nearly $7 billion acquisition of TracFone will close before the end of the year, yet lawmakers and consumer groups continue to push for conditions on a transaction they deem harmful to consumers.

This is all happening as the object of Verizon’s desire is losing subscribers. During its second-quarter earnings, TracFone owner América Móvil reported a loss of 549,000 prepaid customers at TracFone, which ended the quarter with 20.3 million subscribers compared with 20.9 million at the end of the first quarter.

TracFone’s Lifeline brand, called SafeLink, accounted for the majority of the losses, at 378,000. It’s also the brand most at the center of controversy. TracFone’s largest single brand, Straight Talk, reported losses of 106,000 for the quarter.

According to Wave7 Research, TracFone’s loss is a bad sign for the prepaid sector. Granted, AT&T reported a stellar second quarter, with 174,000 prepaid additions. At Verizon, second-quarter prepaid subscribership increased by 18,000 net adds.

But the management at América Móvil sees consumer activity swinging away from prepaid and toward postpaid, in part due to more Covid vaccinations and the expected changes in spending patterns.

“Contrary to what happened at the peak of the pandemic where wireless subscribers felt more comfortable taking prepaid plans, we are now seeing stronger demand for postpaid which has intensified due to the strong commercial activity and promotions in that segment,” América Móvil stated in its second-quarter report, noting that handset supply limitations was a contributing factor.

RELATED: Verizon ends big 5G upgrade promo

During Verizon’s second-quarter earnings call on Wednesday, Verizon CEO Hans Vestberg reiterated that the company expects to close its acquisition of TracFone by the end of this year. Under an MVNO agreement, Verizon’s network powers the majority of TracFone users, but TracFone uses other networks as well.

On Wednesday, a group of lawmakers sent a letter to FCC Acting Chairwoman Jessica Rosenworcel asking that the transaction, if approved, include conditions that ensure Lifeline subscribers still have a chance to get affordable service under the proposed new ownership. It’s a familiar ask, and Verizon repeated plans to serve those customers.

“The proposed Tracfone acquisition will bring value and benefits to value-conscious consumers in a myriad of ways,” Verizon said in a statement Wednesday after the lawmakers’ letter to the FCC. “As we continue to work through the regulatory review process, Verizon looks forward to providing current and potential TracFone customers with more choices, better plans at flexible prices, and access to our 5G network, all while we expand our offerings to value-conscious and low-income consumers. Lifeline is foundational to the acquisition, and in response to calls for time commitments, Verizon has committed to the Lifeline program for at least three years.”

Looking for growth 

Considering TracFone’s lower subscriber numbers and Verizon’s historically negative stance on prepaid, one has to wonder why Verizon is so intent on buying TracFone. Traditionally, Verizon has not only shied away from prepaid, it’s practically shunned it.  

Like any acquisition, the hopeful owners think they can do a better job making the company profitable. And part of it has to do with the changing of the guard in Verizon’s leadership, said Bill Ho, principal at 556 Ventures. Both CEO Vestberg and Ronan Dunne, EVP and Group CEO of Verizon Consumer, started their careers in Europe, where operators led the prepaid industry.  

Indeed, in talking about TracFone at an investor event last year, Dunne noted his experience in the U.K. market, where he was CEO of Telefónica UK (O2) before joining Verizon in 2016. The U.K. market was more than 70% prepaid when he first started in the business. Eventually, that swung to about 30% prepaid as consumers migrated to postpaid.

RELATED: Verizon gives a few more clues about Tracfone acquisition

Historically, U.S. prepaid plans were targeted at those with no credit or bad credit, and churn was notoriously high. That’s in contrast to postpaid, where operators like having the customer put their monthly bill on autopay; churn goes down because it’s automatically linked to that account or credit card.  

Nowadays, prepaid churn is more manageable and for Verizon, it can be a source of growth. “From a business standpoint, Verizon, which is really conservative, is going on a limb, going into prepaid,” where there’s lower ARPU than they’re used to, and they’re inheriting the Lifeline program, Ho said.

Surely, Verizon management believes they can make TracFone more profitable than the existing owners, leaning on their own “owner’s economics” to lower costs. Verizon often talks about its Networks as a Service platform, where it can drive down costs and therefore make a profit as the number of subscribers on its network grows.

RELATED: Verizon’s Dunne argues for TracFone purchase to FCC’s Rosenworcel

“The question is, can they drop the cost down to serve those customers and then make a decent profit,” Ho said. TracFone’s success historically has been in Straight Talk, the brand sold at Walmart and elsewhere, with attractive ARPUs in the mid-$30s. The other brands will need to contribute as well.

Broadly speaking, the demand for prepaid has gone back and forth over the years, and the line between postpaid and prepaid certainly has blurred. “To some extent, the blurring is the plan,” he said, referring to increasingly similar monthly plans offered to both post and prepaid customers.

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Global Credit Repair Services Market 2021

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Credit Repair Services

The worldwide Credit Repair Services market 2021 study is a comprehensive document that supports and facilitates the assessment of all aspects of the Credit Repair Services market. It provides a picture of the Credit Repair Services market’s foundation and framework, as well as the market’s positive and restrictive factors for global and regional growth. It examines numerous producers, syndicates, organisations, suppliers, and industries in the Credit Repair Services industry to determine the present state of the market.

In addition, the worldwide Credit Repair Services market 2021 research includes valuable data on segmentation, distribution networks, projected growth patterns, monetary and commercial terms, and a slew of other key aspects pertaining to the Credit Repair Services market. The research also contains detailed information on the two most important Credit Repair Services market segments: {Collections, Late Payments, Charge Offs, Liens, Bankruptcies, Judgments, Repossessions, Foreclosures, Others} and {Private, Enterprise}.

Get Exclusive Sample Report + To Know the Impact of COVID-19 on this Industryhttps://www.marketresearchstore.com/sample/credit-repair-services-market-786765

Furthermore, the study provides crucial information about the major Credit Repair Services market competitors who compete on a local and global scale. The following is a list of significant participants, as well as developing players, in terms of production sales, procurement, earnings, and after-sales services: Lexington Law, USA Credit Repair, MyCreditGroup, Veracity Credit Consultants, MSI Credit Solutions, CreditRepair.com, Better Credit Service, The Credit People, The Credit Pros, Ovation, TransUnion, Sky Blue Credit Repair

By segmenting the worldwide Credit Repair Services market, the global market research paper systematically describes the market evolution trend. Key elements on which market growth is expressly reliant are one of the most essential aspects addressed by the researchers in the Credit Repair Services market analysis. The factors affecting market actors vary by region, resulting in the study being segmented into several sectors.

The following aspects are given with full analysis from the Credit Repair Services market research reports:

Production Analysis – The beginning of this Credit Repair Services is examined based on the most important countries, types, and applications. The pricing analysis of various Credit Repair Services market main players will be completely covered in this study.

Profit and Sales Analysis – Earnings and sales for key components of the international Credit Repair Services market are validated. Another important factor, price, which has a significant impact on sales growth, can be evaluated in this section for many regions.

Segments and Benefits — Continuing with the profits theme, this paper examines the design and ingestion of its Credit Repair Services market. The differences between usage and supply, export and import data are also highlighted in this research.

Many global Credit Repair Services industry – leading players have been evaluated in this area based on their company profile, product portfolio, ability, pricing, cost, and revenue.

Other Analysis – In addition to the foregoing data, demand, and supply analysis for the Credit Repair Services economy, contact information for significant producers, suppliers, and consumers can be assigned.

Impact Analysis of COVID-19:

The impact of COVID on market growth and development is well illustrated in this research for a better understanding of the Credit Repair Services market based on financial and industrial analyses. The COVID-19 pandemic has impacted a variety of markets, including the worldwide Credit Repair Services market. The dominant companies in the worldwide Credit Repair Services market, on the other hand, are adamant about adopting new tactics and seeking new finance resources in order to overcome the rising barriers to market expansion.

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Report’s Purpose:

– The global Credit Repair Services market is highlighted in this study, with a focus on North America, South America, Africa, Europe, Asia-Pacific, and the Middle East. The market is segmented by producers, regions, type, and application in this report.

– According to the latest research, the international market for Credit Repair Services is predicted to grow at a CAGR of about Value in Percent percent over the next five years, from Value in Dollars million US$ in 2018 to Value in Dollars million US$ in 2028.

– Credit Repair Services will be in high demand in the near future, while the price may fluctuate due to constantly changing raw material and other resource availability.

The following is a list of the contents of the Credit Repair Services Market Report:

Chapter 1: The first section of the report introduces the market by providing definitions, taxonomies, and research scope.

Chapter 2: It includes an executive summary of the Credit Repair Services market, as well as significant findings by major segments and leading players’ top tactics.

Chapter 3: This chapter provides a comprehensive overview of the Credit Repair Services market, as well as market aspects such as Drivers, Restrictions, Opportunities, and Challenges. In addition, the section summarises the findings of various types of analyses, such as PESTLE analysis, Opportunity Map Analysis, Porter’s Five Forces Analysis, Market Competition Scenario Analysis, Product Life Cycle Analysis, Opportunity Orbits, Production Analysis by Region/Company, and Industry Chain Analysis. Last but not least, the segment effectively illuminates Marketing Strategy.

Chapters 4, 5, and 6 : Credit Repair Services Value & Volume ((US$ Mn & ‘000 Units)), Share ( percent ), and Growth Rate ( percent ) Comparison by Type, Application, and Region (2021-2028).

Chapter 7: focuses on the market’s competitive landscape, market share analysis, and leading company profiles.

Chapter 8: In this section, we’ve included a variety of research procedures and approaches that were utilised in the study.

Inquire To Know Additional List of Market Players Included, Request Here:: https://www.marketresearchstore.com/inquiry/credit-repair-services-market-786765

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Market Research Store is a single destination for all types of industries, global, and regional reports. We feature large repository of latest industry reports and market statistics published by reputed private publishers and public organizations.Market Research Store is the comprehensive collection of market intelligence products and services available. Our vast database of reports enables our clients to benefit from expert insights on global industries, products, and market trends.

Our Research Specialists have thorough knowledge about offerings from different publishers and different reports on respective industries. Our enabled team will help you refine search parameters and get desired results at your fingertips. Apart from the published market research reports, we also provide customized study on any topic to meet the varied and niche requirements of our clients. Whether you are looking for new product trends, competitive analysis or study on existing or emerging markets, Market Research Store has best offerings and expertise to get the critical information for you. You can also choose the option to purchase full reports or sections from the report to match your specific requirements.

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