Chandlery sales – Tysbvi http://tysbvi.com/ Mon, 18 Oct 2021 01:27:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tysbvi.com/wp-content/uploads/2021/10/icon-2021-10-18T084030.182-120x120.png Chandlery sales – Tysbvi http://tysbvi.com/ 32 32 Are payday loans bad? https://tysbvi.com/are-payday-loans-bad/ https://tysbvi.com/are-payday-loans-bad/#respond Mon, 18 Oct 2021 01:27:31 +0000 https://tysbvi.com/?p=75 Payday loan are bad because they have very high fees and interest rates. Borrowers can get into a vicious cycle of financial problems. Many payday lenders have predatory practices and people have trouble paying them off, which can lead to a vicious cycle of debt. Before you consider taking out this type or loan, assess the […]]]>

Payday loan are bad because they have very high fees and interest rates. Borrowers can get into a vicious cycle of financial problems. Many payday lenders have predatory practices and people have trouble paying them off, which can lead to a vicious cycle of debt.

Before you consider taking out this type or loan, assess the risk at Oak Park. Let’s discuss what a pay day loan is and the dangers of entering into one.

What is the payday loan?

A payday loan is a short-term loan that’s available for people who urgently need cash. Lenders usually offer payday loans through retail stores but they also can be obtained online. It is expected that the loan will be paid back within a short period, usually within 2 weeks.

A payday loan is the best option for emergency situations where you don’t have any savings or good credit. Unexpected expenses can arise, including medical bills and home repairs.

People with poor credit are more likely to turn to payday loan lenders. These types loans are easy to get and don’t usually require a credit report. They also have high-interest rates.

What does it take to get a payday loan?

Paydays work in 4 simple steps.

  1. Check your income and verify that you have a valid bank account. They check your income to confirm your ability repay.
  2. Use a postdated bank check: It is required that the lender issues a postdated loan amount and interest check. This ensures that the lender’s loan amount and interest are paid on the agreed date.
  3. Money deposit: Your loan approval will result in the money being deposited to your bank account.
  4. Payback the debt: Extra fees may be charged if you don’t pay the full amount at the end.

Payday loans can be expensive. High interest rates make it very difficult for you to pay it back on time.

This traps borrowers and makes it difficult for them to get out of debt. It allows borrowers to draw down the loan they have borrowed in the short-term. Often, this leads to another payday loan.

The average annual rate for payday loans is 400%. A payday loan borrower with less than $1,000 will most likely be unable to pay the interest for the next two weeks.

If you need money urgently and are in financial crisis, it may be worth borrowing money from a family member or friend. We also offer other options.

Alternatives to payday loan

There are other options available for you if there is an emergency. Be aware that your first priority should always be to repay the loan or money immediately. These are some useful alternatives to payday lenders to consider.

  • Make sure to contact your financial institution first
  • Locate a cosigner
  • You can use a cash advance or charge your credit card the amount
  • Borrow it from a close friend or family member
  • Ask your employer for a request for an advance
  • Apply for a loan
  • For more time, contact your creditor

How to avoid getting payday loans

Keep an eye out for unexpected situations

Save money each paycheck to be prepared in the case of an emergency.

A good way to have extra cash in case of an emergency is to start an emergency fund. Even if there are poor credit ratings, having an emergency account can give you financial security.

Fix bad credit

Bad credit is typically anything below 600. It all depends on the credit scoring system used. Find out your score to find out if you are likely to be approved. If approved, your interest rates and fees will be higher. Lenders regard you as a high threat or someone who can’t pay back the money.

An alternative way to prepare is to improve your credit. To do this, first check your credit report. Your credit score could be raised if you correct any errors in credit reports.

Bad credit is a reason to hold off on applying for loans. It is possible to get a better interest rate or qualify if you can improve your credit rating before applying. If you need money urgently, however, it is a good idea to shop around for interest rates and compare them.

OakPark Financial is here to help you if your credit score is low. Our dedicated team of lawyers and paralegals has more than 10 years of experience helping clients fight to get a fair, accurate credit report. We can help. Call us today for a confidential credit consultation.

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What are pay-on-demand apps? Here’s what to know before using one https://tysbvi.com/what-are-pay-on-demand-apps-heres-what-to-know-before-using-one/ https://tysbvi.com/what-are-pay-on-demand-apps-heres-what-to-know-before-using-one/#respond Mon, 18 Oct 2021 01:11:01 +0000 https://tysbvi.com/what-are-pay-on-demand-apps-heres-what-to-know-before-using-one/ Sharon * feels sick when she sees television commercials for on-demand products. * Name changed for more confidentiality. “They show how easy it is [to access an advance on your wage]: ‘click a button and here is your money’! “It’s your money, you just get it a little earlier!” “”, she says. “But what people […]]]>

Sharon * feels sick when she sees television commercials for on-demand products.

* Name changed for more confidentiality.

“They show how easy it is [to access an advance on your wage]: ‘click a button and here is your money’! “It’s your money, you just get it a little earlier!” “”, she says.

“But what people don’t understand is that it can get out of hand very quickly.”

She saw it with her own eyes when her son Tom *, in his early 20s, came to ask for help. He was using a pay-on-demand app to access part of his monthly salary earlier to fund his gambling and cover a patchwork of other loans he had taken out.

“He used these apps when he got into real trouble,” she says.

He would ask for some of his pay sooner, spend it almost immediately, run short on his next payday, and then start the cycle again.

With each claim adding to the growing stress, Sharon says, “You can’t spill blood from a stone.”

What are pay-on-demand apps?

These products are fairly new to Australia, but they are already very popular.

They are marketed as a quick fix for anyone facing an unexpected bill or expense; a simple way to advance your pay. But Rob Benton, a financial advisor at Uniting NSW, who works on the National Debt Helpline, doesn’t see it that way.

“You don’t have access to your salary; you have access to a loan, ”he says.

Mr. Benton says many of his financially struggling clients often don’t recognize it as debt.

It is important to note that there are key differences between this type of debt and more conventional types of debt (including payday loans, who have been in Australia for some time).

First, you usually don’t need to do a credit check. Rather, most applications require proof that you are regularly employed and meet a minimum income requirement. They then automatically set a limit to the amount you can access each payroll cycle.

And second: the majority of pay-on-demand apps don’t charge interest on late payments, instead opting for a flat fee (usually around 5%) on each advance.

Nevertheless these terms and conditions often vary whether the service is offered by your employer or a bank.

Why this can be a problem

“For occasional use, this seems like an acceptable expense,” Mr. Benton said. “But these products can be the start of a slippery slope.”

Getting regular advances on your paycheck creates a situation where you are always late, he notes, and – as the huge job losses during the pandemic have shown – no one’s continued income is ever gone. 100% guaranteed.

Rosylyn Russell, professor at RMIT’s School of Economics, Finance and Marketing and Research Director at Good Shepherd, a non-profit organization that provides services and support to financially insecure Australians, is also hesitant.

“For many low-income employees, it’s really hard to make ends meet. And so what worries me is that they need money for daily expenses, rather than [one-off occasions]. “

She says Good Shepherd has seen more and more people seek help during COVID, often after taking out a number of small loans (including buy now-pay later products) from businesses that make it “simple” and “brilliant”.

“I can certainly understand the temptation… [When you’re in a difficult situation] you’re just completely focused on solving this problem you’re in right now, ”she says.

“But the next month arrives and there are more bills and more expenses.

A young man looks at his phone in a dark room.
Feeling out of control? Mr. Benton said “the best decision you can make is to call the National Debt Helpline on 1800 007 007”.(Unsplash: Eddie Billard)

But isn’t getting money fast a good thing?

In theory, yes! But Mr Benton and Ms Russell suggest thinking about what you could trade for that convenience.

Many pay-on-demand apps are currently exempt from responsible lending laws, which means you don’t have some of the usual legal protections either.

Katherine Temple, Director of Policy and Campaigns at the Consumer Action Law Center, explains:

“Responsible lending laws require that lenders, like payday lenders or the banks that distribute credit cards, verify someone’s income and expenses, and make sure they can make repayments without endure significant hardship. And they also need to verify that information. “

She also notes that you are not guaranteed to have an external dispute resolution process if things go wrong.

Large companies have refuted suggestions that their products are contributing to financial hardship. Some apps offer budgeting features to help you manage your money, and a few explicitly state that they look at people’s bank statements for indications of problem gambling or other loans.

Sharon is currently trying to get answers as to how her son slipped through these stitches.

What are the other options?

If you’re in a really tough spot and considering using a pay-on-demand app, Benton says it’s worth exploring your other options first. This could include checking interest free loans and / or discuss with your utility companies about late payments.

But, he says, “the best decision you can make is to call the National Debt Helpline on 1800 007 007”.

“Consult a free financial advisor and take a look at your situation.

When Tom got into trouble, he turned to his family as well as professional rehabilitation services for his gambling addiction – and Sharon is delighted he did.

“Thank goodness he came to me and told me exactly what was going on.

“We feel very lucky. And I know he feels very lucky too.”

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5 money-saving tips you’ve probably never tried before – the Madison Leader Gazette https://tysbvi.com/5-money-saving-tips-youve-probably-never-tried-before-the-madison-leader-gazette/ https://tysbvi.com/5-money-saving-tips-youve-probably-never-tried-before-the-madison-leader-gazette/#respond Sun, 17 Oct 2021 22:09:57 +0000 https://tysbvi.com/5-money-saving-tips-youve-probably-never-tried-before-the-madison-leader-gazette/ The past 18 months have been a financial struggle like no other, and families are finding that typical money-saving tactics used in tough times aren’t enough. Cooking at home, canceling your Netflix subscription, spending your vacation days on the couch – for many people, that kind of move isn’t enough to balance their budget anymore. […]]]>

The past 18 months have been a financial struggle like no other, and families are finding that typical money-saving tactics used in tough times aren’t enough.

Cooking at home, canceling your Netflix subscription, spending your vacation days on the couch – for many people, that kind of move isn’t enough to balance their budget anymore.

So let 2021 be the year you go beyond the basics. Here are five ways to save big bucks that you’ve probably never tried before.

1. Take out a loan to beat your debt

stockfour / Shutterstock

It sounds counterintuitive, but taking out a loan could be a crucial first step in getting out of debt.

When the pandemic struck, many families relied on credit cards to get through the tough first months.

It’s a good short-term survival strategy, but brutal credit card interest rates – often exceeding 20% ​​of the APR – can bury you in the long run. Payday loans are even worse.

To consolidate your debt, you apply for a new low-interest loan and use the money to pay off all of your high-interest bills.

You’ll still owe the same amount, but your new rate will help you save money on interest and potentially free you from debt years earlier.

2. Ditch your traditional bank account

Shocked woman looking at her bank account balance

Kaspars Grinvalds / Shutterstock

If you have money to spend, you probably put it in a standard savings account at one of the big banks.

It may sound like a safe strategy, but with each passing day that money is losing its value.

Traditional bank accounts earn almost no interest; in september, the average interest rate on a savings account is 0.06% APY. Any meager income you see will be wiped out by inflation.

To give your money a chance to grow and maintain its purchasing power, look for a high yield savings account.

Some banks – especially digital banks that don’t have to pay for physical branches full of employees – offer interest rates as high as 0.55% APY. It is more than nine times more interest like a normal account.

3. Trading houses – or at least mortgages

Young mixed ethnic couple taking a break on moving day to a new home sitting on the floor in the living room drinking coffee surrounded by moving boxes

Southworks / Shutterstock

Moving may seem like a drastic step, but some of your neighbors are probably thinking about it. A LendingTree study late last year found that just under half of Americans were considering cutting their living expenses.

Living a little further from an urban center can make an extraordinary difference. Depending on where you live, a $ 500,000 home could be a gorgeous mansion or multi-family investment property – or a one-bedroom condo.

But if moving is out of the question, you can still save a ton by taking advantage of today’s insanely low mortgage rates.

Many homeowners have already refinanced in the past year, but about 13.9 million Americans who haven’t can still act quickly and save an average of $ 293 per month, according to the technology and data provider. Black Knight Mortgage.

4. Trade in your overpriced insurance policies

Car money and calculator.  Payments and fees.

Kurhan / Shutterstock

When it comes to insurance, people are eager to “define it and forget it”. It’s easy to stick with the same companies year after year, and a recent ValuePenguin poll showed that a quarter of Americans never bother to compare quotes.

To make sure you don’t get ripped off, experts recommend looking for better prices every six months.

It might sound a bit tedious, but it’s worth making sure you’re not overpaying for your policies of $ 2,000 a year or more.

Start by using a handy quote comparison site to check the best rate on your home insurance, then use the same strategy to save on your auto insurance.

5. Invest your “spare currency”

Pocket change, various coins on the old wooden surface

R. MACKAY PHOTOGRAPHY, LLC / Shutterstock

When your budget is tight, investing for the future is probably the last thing on your mind. But with enough time, even pocket change can become a source of wealth.

Take willpower out of the equation by using an app to automatically invest the change in your daily purchases. Suppose you buy a donut for $ 2.30 – the app will round the cost to $ 3.00 and invest the difference of 70 cents in a predefined wallet.

Saving a few pennies at a time might not seem like much, but $ 2.50 in daily roundups becomes $ 900 in a year – and that’s before you count the extra gains you might make in the market.

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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Auto repair loans: what to know and where to find one https://tysbvi.com/auto-repair-loans-what-to-know-and-where-to-find-one/ https://tysbvi.com/auto-repair-loans-what-to-know-and-where-to-find-one/#respond Fri, 15 Oct 2021 20:11:43 +0000 https://tysbvi.com/auto-repair-loans-what-to-know-and-where-to-find-one/ Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours. Need money to pay for unexpected repairs […]]]>

Our goal here at Credible Operations, Inc., NMLS number 1681276, referred to as “Credible” below, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are ours.

Need money to pay for unexpected repairs to your vehicle? An auto repair loan can be a solution to get you back on the road. (iStock)

If you own a car, you will eventually come across an auto repair that is not covered by your vehicle warranty or insurance. It could mean a big bill, or get stuck without wheels.

Without enough savings to cover repairs, you’ll have to find the funds to get your vehicle back on the road. An auto repair loan is a solution to have your vehicle repaired and restarted. Here’s everything you need to know about this financial product.

What is an auto repair loan?

An auto repair loan is any type of loan that can be used to pay for repairs to a vehicle – it is usually a personal installment loan.

With an auto repair loan, you will borrow a lump sum that you can use to cover your auto repair bills. You will be responsible for the monthly loan repayment for a specified period, including interest at the agreed rate.

You can compare personal loan rates from various lenders within minutes using Credible.

How Do Auto Repair Loans Work?

When you take out an auto repair loan, you can expect it to work the same as any other personal loan. Once approved, your lender will offer you personalized loan terms. These dictate how long you have to repay the loan, what your fixed monthly payments will be, the amount of interest you will be charged and whether you are allowed to repay the loan sooner than expected without prepayment penalties.

Personal loans are generally unsecured. This means that borrowers do not have to secure the loan with existing assets, also known as collateral. But borrowers generally need good credit and a stable source of income. in order to qualify.

Benefits of auto repair loans

If you are facing a high bill from your mechanic, taking out an auto repair loan has some advantages:

  • No guarantee is required. Unlike many other loan products, personal auto repair loans are unsecured. You won’t need to set up guarantees – like the title to your car, the equity in your home, or your savings account – in order to take out the loan.
  • You will receive the loan in a single payment. Your lender will provide you with the full loan amount all at once, so you can pay your repair shop and get started.
  • Funding is usually quite quick. Depending on the lender you choose, you may be able to get your auto repair loan funds as early as the next business day.
  • Interest rates are often lower than those of other products. The interest rates for personal loans are generally lower than those for credit cards or payday loans. Your actual rate will depend on your credit score, income, and loan terms.

How to apply for an auto repair loan

Borrowing money to pay for auto repairs can be a straightforward process. Depending on your unique situation and financial history, this can also be relatively quick.

1. Determine how much you need to cover your repair costs. Be sure to factor in things like parts, labor, and any towing costs you might have incurred.

2. Shop around for a lender. Apply for a car repair loan from multiple lenders or shop on a platform like Credible to get multiple offers in one place. It not only saves you time and allows you to shop without affecting your credit score, but also tells you how much you can claim and gives you the best possible deals.

3. Choose your loan. Choose your lender based on the best loan terms available to you (such as repayment period, monthly payments, and interest rate), and even how quickly you can receive your loan funds.

4. Apply. Submit a loan request involves a credit check, which will temporarily reduce your score by at least a few points.

5. Get your money’s worth. Your lender will deposit your loan funds into the account you specified. Depending on the lender you have chosen, you can receive your funds as early as the same day or the next business day.

Where to find an auto repair loan

Most banks, credit unions, and online lenders offer personal loans for auto repairs.

If you already have a relationship with a bank or credit union, you may want to know about the loan terms and rates they offer. Otherwise, shopping online can be a great way to get multiple deals at once without affecting your credit score.

Credible, it’s easy to compare personal loan rates from several lenders.

15 lenders to consider for auto repair loans

If you are in need of an auto repair loan, consider these 15 credible partner lenders.

Before

  • Loan amounts: $ 2,000 to $ 35,000
  • Minimum credit score: 550
  • Funding time: From the next working day

Axos

  • Loan amounts: $ 5,000 to $ 35,000
  • Minimum credit score: 740
  • Funding time: From the next working day

Best egg

  • Loan amounts: $ 2,000 to $ 50,000
  • Minimum credit score: 600
  • Funding time: From one to three working days after successful verification

Discover

  • Loan amounts: $ 2,500 to $ 35,000
  • Minimum credit score: 660
  • Funding time: From the working day following acceptance

Freedom Plus

  • Loan amounts: $ 10,000 to $ 35,000
  • Minimum credit score: Do not disclose
  • Funding time: From two working days

Loan Club

  • Loan amounts: $ 1,000 to $ 40,000
  • Minimum credit score: 600
  • Funding time: From two working days

Point Ready

  • Loan amounts: $ 2,000 to $ 36,000
  • Minimum credit score: 580
  • Funding time: From the next working day

LightStream

  • Loan amounts: $ 5,000 to $ 100,000
  • Minimum credit score: 660
  • Funding time: From the same working day

Marcus by Goldman Sachs

  • Loan amounts: $ 3,500 to $ 40,000
  • Minimum credit score: 660
  • Funding time: Usually three working days

OneMain Financial

  • Loan amounts: $ 1,500 to $ 20,000
  • Minimum credit score: Nothing
  • Funding time: From the same working day (but usually requires a visit to a branch)

PenFed

  • Loan amounts: $ 600 to $ 50,000 (depending on loan term)
  • Minimum credit score: 670
  • Funding time: From two to four working days after verification

Prosper

  • Loan amounts: $ 2,000 to $ 40,000
  • Minimum credit score: 640
  • Funding time: As soon as one working day

SoFi

  • Loan amounts: $ 5,000 to $ 100,000
  • Minimum credit score: Do not disclose
  • Funding time: Three working days

To improve

  • Loan amounts: $ 1,000 to $ 50,000
  • Minimum credit score: 560
  • Funding time: Within one working day after having carried out the necessary verifications

Reached

  • Loan amounts: $ 1,000 to $ 50,000
  • Minimum credit score: 580
  • Funding time: As soon as one working day

When you are ready to apply for an auto repair loan, use Credible to compare personal loan rates in a few minutes.

3 auto repair financing options to avoid

If you have to pay for an auto repair and can’t (or don’t want to) take out a personal loan, you have a few other financing options. But they can be expensive, and you should only consider them as a last resort.

Payday loans

  • Short repayment terms, often around two weeks
  • Very high fees, corresponding to an annual percentage ranging from 390% to 780%
  • Low loan limits ($ 100 to $ 1,000 depending on state regulations)

Car title loans

  • Loans are generally limited to 25% to 50% of the value of your vehicle
  • The title of your vehicle will be held as collateral
  • Average financial charges equivalent to an APR of around 300%
  • Usually must be repaid in as little as 15-30 days

Cash advance by credit card

  • typically have higher finance charges than regular credit card purchases
  • May also charge transaction fees
  • If you do not pay off the balance in full, interest will accrue with the next statement cycle.
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These 2 stocks under the radar have an incredibly bright future https://tysbvi.com/these-2-stocks-under-the-radar-have-an-incredibly-bright-future/ https://tysbvi.com/these-2-stocks-under-the-radar-have-an-incredibly-bright-future/#respond Fri, 15 Oct 2021 13:01:00 +0000 https://tysbvi.com/these-2-stocks-under-the-radar-have-an-incredibly-bright-future/ Even in a bull market, the market lets a few good companies slip through the cracks. While most seasoned investors understand the potential of well-known companies such as Facebook Where You’re here, many less familiar stocks are under the noses of the general public, but the gains they accumulate when the market catches up could […]]]>

Even in a bull market, the market lets a few good companies slip through the cracks. While most seasoned investors understand the potential of well-known companies such as Facebook Where You’re here, many less familiar stocks are under the noses of the general public, but the gains they accumulate when the market catches up could be greater.

You can sometimes find these stocks in places where key industries intersect. Therefore, investors looking for these “rough diamonds” before pulling higher should consider financial stocks such as OppFi (NYSE: OPFI) and Capital of Silvergate (NYSE: SI), companies that create new business opportunities through technology-based applications.

Image source: Getty Images.

OppFi

OppFi is filling a growing void for the roughly 60 million Americans who do not have access to traditional credit. It uses artificial intelligence (AI) to assess potential borrowers who are underserved or not served by the traditional credit system. Unlike the more familiar Holdings reached, which also uses AI to target borrowers excluded from the credit system, OppFi is focusing on the subprime market. The company has helped around 550,000 people find money through this system to cover unforeseen costs, such as car repairs or medical bills.

OppFi’s subprime loans carry an annual percentage rate (APR) of 160%, a seemingly odd level in a world of single-digit interest rates for home and auto loans. However, OppFi’s APR is lower than payday loans, which can be as high as 400%, according to the Federal Reserve in St. Louis. The company also offers transparency and does not charge any additional fees, such as overdraft fees or prepayment penalties.

In addition, the company is on a mission to help its clients achieve better credit and offers free financial literacy classes on its website. His approach won out Loan treethe customer satisfaction award for the three quarters in 2020.

In the first half of 2021, the company reported total revenue of $ 163 million. While this does not represent any significant change from the first six months of 2020, the change in the fair value of receivables fell to $ 34 million in the absence of widespread pandemic lockdowns. This helped net income of $ 129 million to rise 48%. In addition, despite an increase in total expenses of 33% during this period, net income increased by 133% to reach $ 42 million.

Despite this growth, the stock carries certain risks. Washington, DC, Attorney General Karl Racine sued OppFi in August over its high-interest loans because OppFi’s rate is higher than DC’s maximum interest rate of 24%. The company also faced an investigation related to military loans, although the Consumer Financial Protection Bureau decided not to press charges.

Still, a Federal Reserve study showed that consumer finance companies that offer cash loans would need to charge triple-digit interest rates on small loans to break even. This strengthens the business case for OppFi, as borrowers would likely not benefit from loans otherwise.

Analysts are forecasting consensus net earnings of $ 0.76 per share for 2021. At a share price of about $ 7.50 per share, that equates to about 10 times earnings for 2021. That not only dampens the risks to the business model, but also offers a low-cost transition to a potentially lucrative market.

Capital of Silvergate

Silvergate is not a household name for most Americans, but that could change soon. Despite holding a traditional banking charter, it has gained attention with its Silvergate exchange network, which facilitates instant cryptocurrency exchanges. It also offers lines of credit guaranteed by Bitcoin and provides secure storage for customers’ digital money.

It also acts as the sole issuer of Facebook’s stablecoins, helping to make Silvergate one of the leading cryptocurrency stocks. Stablecoins are digital coins indexed to government currencies. Facebook manages its stablecoins through the Diem Association, an organization created by Facebook to build its blockchain-based payment system.

In the second quarter of 2021, the number of Silvergate customers grew to 1,224, an increase of 39% over the previous 12-month period. Additionally, Silvergate reported $ 11.1 billion in cryptocurrency deposits, an increase of 640% from levels last year. By not having to pay interest on these deposits, the company has more capital on which it can make loans.

This advantage enabled its net profit to reach $ 33.6 million in the first half of 2021, an increase of 241% compared to the same period in 2020. The increase in interest income and a dramatic increase in Deposit-related fees were also responsible for the bulk of the revenue increase.

Investors have taken notice, pushing Silvergate stock up about 950% over the past 12 months at recent prices. The stock has recently risen more than 60% since September 20. Additionally, his price-to-earnings (P / E) ratio of nearly 75 may seem high given that his multiple remained in his teens for most of 2020.

Nonetheless, Silvergate’s market capitalization of just over $ 4 billion makes it still a relatively small company. Given its massive cryptocurrency-driven growth and the optimism surrounding cryptocurrencies, Silvergate’s rise to power may have barely started.

This article represents the opinion of the author, who may disagree with the “official” recommendation position of a premium Motley Fool consulting service. We are heterogeneous! Questioning an investment thesis – even one of our own – helps us all to think critically about investing and make decisions that help us become smarter, happier, and richer.

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TRAIL MIX | Colorado Voters Mark State and Country with Voting Measures | Chroniclers https://tysbvi.com/trail-mix-colorado-voters-mark-state-and-country-with-voting-measures-chroniclers/ https://tysbvi.com/trail-mix-colorado-voters-mark-state-and-country-with-voting-measures-chroniclers/#respond Fri, 15 Oct 2021 11:30:00 +0000 https://tysbvi.com/trail-mix-colorado-voters-mark-state-and-country-with-voting-measures-chroniclers/ The Colorados love their voting metrics. Since the state’s early years, Colorado voters have had a say in matters of politics and spending, able to vote for or against the voting measures. During the first decades, voters could only influence the measures referred, which are sent to the polls by the General Assembly. But at […]]]>

The Colorados love their voting metrics.

Since the state’s early years, Colorado voters have had a say in matters of politics and spending, able to vote for or against the voting measures.

During the first decades, voters could only influence the measures referred, which are sent to the polls by the General Assembly. But at the beginning of the last century, they had the chance to come up with their own questions.

A couple of passionate Colorado Direct Legislation League reformers spent years lobbying for the initiative process, and in 1910 Governor John Shafroth called a special session of the legislature to put the proposals on the ballot. , according to an article published by the Referendum Initiative & Institute and abstract on the Ballotpedia site.

In November, voters approved the creation of the initiative process – as well as the ability of residents to remove elected officials and prevent laws from coming into force – with 76 percent of the vote.

When the new procedure took effect with the 1912 election, the Coloradians went on a rampage, collecting enough signatures to place 20 questions on the ballot – then approved eight.

Since then, Colorado has ranked among the states that use the form of direct democracy to resolve thorny issues, deal with administrative matters, and tackle issues the legislature will not address.

It’s mostly a western thing, according to data compiled by Ballotpedia.

Oregon leads the pack with the most number of proposed statewide initiatives over the years, followed by California and then Colorado. North Dakota and Arizona round out the top five.

Of the 183 initiatives proposed since Colorado began using the method, 36% have gained approval – roughly the same percentage as the Oregon and California initiatives, although below 45% of voters in North Dakota and 42% in Arizona.

As Coloradians head to the polls ahead of the 2021 election – in most cases that means opening the mailed ballot, clearing a space on the kitchen table to fill it in, and then putting it through the mail. post or deliver it to a drop box – it seemed like a good time to take a look at some of the most significant voting measures approved by voters over the decades.

Most of the measures listed below have been adopted over the past 50 years, including the turbulent decade of the 1990s, the national height of citizens’ initiatives.

Not on the list are nearly all of the metrics that established or refined the rules state and local governments use to operate in Colorado, which make up the bulk of statewide voting matters.

From an amendment establishing the seat of state government in Denver to one limiting ordinary sessions of the General Assembly to 120 days, voters have participated in the functioning of the state since its inception.

For example, before voters approved Referendum 1 in 1968, the governor and lieutenant governor of Colorado were elected separately and could be from different parties, making travel out of state tense. when a governor had to worry that his No.2 might veto favorable legislation. or overturn the policies of the administration. (The Legislative Council of the General Assembly maintains a detailed and sortable list of Colorado statewide voting metrics and their fate here.)

It was not until 1966 that voters officially capped the number of state senators at 35 and the number of state representatives at 65 in Proposition 4, which simultaneously established procedures to redistribute legislative constituencies all every 10 years using new census data.

In 1956, voters agreed to increase the terms of state leaders from two to four years – including the governor, lieutenant governor, secretary of state, state treasurer, and attorney general. , as well as an additional office which was previously elected. at the state level, the auditor. (This office was converted to an administrative tenancy with a 1964 amendment.)

Federal constitutional amendments also made their way to the polls. State voters enacted a “dry” ban law in 1918 with 63% of the vote, then reversed in 1932, repealing the ban, although this vote garnered only 56% support .

In 1912, the first year the Coloradians could initiate voting measures – before that, they had relied on the General Assembly to send questions to the ballot – voters approved eight initiatives. Included in this harvest were measures which established an eight-hour working day for women and underground miners (in two separate proposals), allowed towns and villages to decide how to operate according to the “home regulations” , have strengthened the capacity of residents to recall elected national and local authorities, and created juvenile courts in towns and counties with more than 100,000 inhabitants.

Since the 1880s, when several administrative measures setting the rules of state government were each passed with 87% of the vote, few voting measures have been approved by overwhelming margins.

In 2018, Proposition 111, a limit on payday loans, was approved with 77% of the vote – the widest margin of the decade. In the 2006 election, the E referendum, granting disabled veterans land tax relief, was approved with 79% of the vote. Referendum 2 of 1982, which denies release on bail for certain offenses punishable by the death penalty in certain circumstances, was adopted with 82% of the vote.

But it wasn’t since 1918 that Colorado voters approved the voting measures with more than 4: 1 margins. That year, voters granted Referendum 2, which requires the printing of proposed voting measures in the form of public notices, 88% of the vote, while Initiative 3, which relieves blind adults, was adopted with 93% of the votes.

Here’s a look at 10 Colorado voting metrics that have marked the state – and, in some cases, the world at large.

1892: Women’s suffrage – Colorado became the first state in the country to grant women the right to vote in a statewide vote, with 55% of the all-male electorate approving the targeted constitutional amendment. The Wyoming territorial legislature had taken the same step 23 years earlier, but Colorado is unique in being the first government in the world to expand women’s suffrage by popular vote. Two years later, Colorado voters of both sexes elected three women to the General Assembly.

1972: rejection of the Winter Olympics – Technically, Proposition 8 did not prohibit Colorado from hosting the 1976 Winter Olympics, but the constitutional amendment proposed by a young Denver state lawmaker named Dick Lamm prevented the state from issuing bonds and otherwise fund the infrastructure needed to host the Olympics. It was the first time that a place awarded with the Olympic Games refused the games. The campaign helped propel Lamm, who died in July, into the governor’s mansion for three terms.

1972: The law of the sun – Colorado’s landmark Open Government Law required that the business of state and local governments be conducted in public and established the presumption that public records are accessible to the public. He also demanded that officials disclose their private interests and created a registration system for lobbyists.

1974: The Poundstone Amendment – Initiated by Republican lobbyist Freda Poundstone, who went on to be mayor of Greenwood Village, the amendment circled a ravenous Denver, which was in the process of annexing surrounding suburbs, with implications for subway governance that linger for decades longer. late.

1992: amendment 2 – The measure barred local governments from passing anti-discrimination laws to protect gay, lesbian or bisexual residents, sparking a furious backlash that spawned boycotts and called Colorado a “state of hate.” The amendment was ultimately overturned by the United States Supreme Court in a landmark decision.

1992: Taxpayer Bill of Rights – After decades of attempts to push through tax restraint measures similar to California’s Proposition 13, passed in 1978 to limit property taxes, Colorado’s Douglas Bruce succeeded in pushing through the complex amendment line known as by TABOR. The measure requires voter approval for tax increases, but also places a myriad of other hamstrings on state and local governments. For the Conservatives, this is the one thing that keeps Colorado sane, when it is the amendment most Liberals want to overturn.

1994: The GAVEL amendment – Short for “give every lawmaker a vote,” the amendment establishes rules that essentially accomplish this, distinguishing Colorado from many states where minority lawmakers are accustomed to having their proposals ignored. The measure requires that every bill be heard and prohibits legislative leaders from exercising “pocket veto”.

1996: Term limits – The national movement first came to fruition in Colorado with a measure that also placed term limits on members of Congress, though that was later overturned by a court.

2005: Referendum C – The measure that lifted TABOR restrictions for five years may be the last time Republicans and Democrats put aside their differences and came together to put a question to the ballot, albeit a complementary measure, the referendum D, which covered transport spending, failed by a narrow margin.

2012: Legalization of recreational marijuana – With the passage of Amendment 64, Colorado became one of the first states in the country to legalize pot, with Washington state passing a similar measure the same night. Although medical marijuana has been legal since 2000, the move has led to the creation of a regulated retail market, pot tourism, and ultimately widespread adoption across the country.

While the map of Congress isn’t set in stone until the state’s High Court gives a thumbs up, it’s not too early to identify winners, losers and a split decision.

TRAIL MIX |  Redistribution has been good for Colorado Congressional incumbents except once

TRAIL MIX |  Epic showdown between Neguse and Boebert is just a short-lived fantasy

TRAIL MIX |  Mary Estill Buchanan smashed glass ceilings in Colorado decades ago, with any luck

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Scrutiny Helps Accident Victims Get Better Deals When Selling Settlement Payments https://tysbvi.com/scrutiny-helps-accident-victims-get-better-deals-when-selling-settlement-payments/ https://tysbvi.com/scrutiny-helps-accident-victims-get-better-deals-when-selling-settlement-payments/#respond Fri, 15 Oct 2021 11:22:51 +0000 https://tysbvi.com/scrutiny-helps-accident-victims-get-better-deals-when-selling-settlement-payments/ There were a few exceptions. A former Chicago judge was so stingy with approvals that businesses began filing complaints in southern Illinois – a practice the state legislature trampled on by banning forum shopping in 2015. UNSTABLE Collect accident victims But Washington, DC, is perhaps the only other city that has fully embraced Albuquerque’s militant […]]]>

There were a few exceptions. A former Chicago judge was so stingy with approvals that businesses began filing complaints in southern Illinois – a practice the state legislature trampled on by banning forum shopping in 2015.

But Washington, DC, is perhaps the only other city that has fully embraced Albuquerque’s militant approach.

Since 2013, Washington judges have regularly referred people seeking permission to sell their payments to the local Legal Aid Society. Lawyer Tom Papson, who handles many of the cases, said around 50 people had followed the advice.

“It’s rare for someone doing any of these deals to seek us out on their own,” Papson said. “There is no easy way for them to find us.”

In about 10% of cases, Papson said, clients decided to forgo the agreements after spending a few hours with a volunteer lawyer. But most candidates want to go through with their business. Papson said that’s where his team’s experience comes in.

“Most people don’t even know these deals are negotiable,” Papson said.

Armed with industry knowledge and a database of past deals, Papson and his team generally know just how much leeway there is. Some customers, he said, end up doubling their money. Usually, he said, they keep at least 50% of their money, up from about 35% before Legal Aid intervened.

“The customers are very grateful,” Papson said. “Even if they don’t take our advice, they feel better because they understand the proposed transaction much better than they did before speaking to us.

The Star Tribune’s analysis of more than 1,700 cases in Minnesota showed that sellers typically keep 40% of their future payments. If transactions were treated as loans, most sellers would pay effective interest rates of 10-24% per year, according to court records.

“It reminds me of payday loans,” said Christi Fried, a settlement consultant in Boston who previously headed the structured settlement division of a large insurance company. Fried said companies that buy settlement payments “wouldn’t put in as much effort if it wasn’t for a big profit.”

Executives from the industry’s largest companies declined to comment. The National Association of Settlement Buyers, which represents leading companies in the industry, released a brief response to the newspaper’s findings.

“A fair secondary structured settlements market provides an option for beneficiaries – subject to review and approval by the courts – to meet urgent financial needs,” the organization said.

Papson said his legal aid lawyers typically spent around 10 hours working with clients on their transactions, although he said the agency spent up to 50 hours on a case. Clients paid nothing for this help because they were poor and had the right to free legal assistance.

“I think there is a policing function in what we do,” Papson said. “If the factoring companies know that there is an interested party here who is sophisticated about these kinds of cases, it naturally has a positive effect on their conduct. They know it can be scrutinized.

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the basics of Ipass loans – Film Daily https://tysbvi.com/the-basics-of-ipass-loans-film-daily/ https://tysbvi.com/the-basics-of-ipass-loans-film-daily/#respond Thu, 14 Oct 2021 11:33:06 +0000 https://tysbvi.com/the-basics-of-ipass-loans-film-daily/ If you are looking for a payday loan after bankruptcy, there are a lot of things you need to know. You might not realize it, but getting a payday loan after bankruptcy is indeed possible. However, it is important that you understand the basics of how these loans work and to whom they are available […]]]>

If you are looking for a payday loan after bankruptcy, there are a lot of things you need to know. You might not realize it, but getting a payday loan after bankruptcy is indeed possible. However, it is important that you understand the basics of how these loans work and to whom they are available before applying. This article will give you an overview of what they entail, so read on!

How to get one following bankruptcy?

You are in fact able to get a payday loan after bankruptcy if you have filed the proper documents with your court. If you have, there is no reason why it should not be possible as long as you follow certain guidelines when applying.

What do I need to qualify? There are a few things that all borrowers need to complete to apply and one of them is to be over the age of eighteen. You will also need an active checking account as well as identification documents such as your driver’s license or a state issued ID card which must match the person who claimed the debt (this should be you -same).

This information will be required by each individual lender before they can process any application form on your behalf; however, some companies may charge additional fees.

How do I know if I qualify for a payday loan following bankruptcy?

While there are some eligibility requirements for getting a payday loan after bankruptcy, these may not be as stringent as expected. In fact, it is possible for borrowers who have experienced financial difficulty to still qualify as long as they meet the basic criteria stated above.

In order to determine if your application will go smoothly and without any problems, all you need to do is ask yourself a question. am I over eighteen?

If the answer is yes, it means that you should be eligible for most types of loans (including payday loans), regardless of what type of credit history issues you may have currently on your file. like defaults, missed payments, etc. However, if the answer here is other than yes, you may not be able to apply for a payday loan at all after bankruptcy.

What is the difference between secured and unsecured loans?

In most cases, there isn’t much of a difference between the two and this can be one of your first questions to ask yourself before applying for a loan.

However, with payday loans after bankruptcy, it becomes a bit more complicated as each company will have their own requirements as to the type that they offer; However, in general terms (and especially if you are approved), you can expect an unsecured option to come with lower interest rates than secured loans.

That being said, many companies still require guarantees from borrowers who want quick access to cash, but if those guidelines do not match, the guarantee of some other form of security, such as the granting of a loan. power of attorney over certain properties or things, might allow you and / or others to access your bank accounts in an emergency.

How does the approval process work?

Different companies will approve these loans for different reasons and this can be one thing that you need to be careful about when applying; However, most lenders will ask you a series of questions before considering an application, so always keep that in mind. These may include: what type of loan have you applied for (secured or unsecured)? How much do you want to borrow?

What are you going to use it for? When do you expect to be able to repay it and how long will the repayment period last? With all of this information being collected from borrowers, every business should have no problem deciding whether or not you get the money you need.

What information do I need to provide to apply?

When applying for a payday loan after bankruptcy, it is important to organize everything and this will increase your chances of being approved by lenders; However, before anything else, make sure you have all the necessary documents on hand, such as identification documents (driver’s license / photo ID) which must be valid so that others can confirm who is responsible for repaying any debt.

This should also match the address listed on these forms when received so that there are no questions asked or problems later when attempting to collect amounts owed if necessary.

Where can I find companies offering payday loans after bankruptcy?

If you’ve ever applied for a loan before, you know that there are several different companies that offer these services and their websites will help connect borrowers with the right lenders.

These sites should be easy to navigate, so review them carefully to see which ones best suit your current needs; However, if this sounds intimidating or confusing, it may be best to speak to someone over the phone who can walk you through each step in more detail when filling out online forms (if necessary).

You can visit Ipass.net if you are looking for more information on how to apply for a payday loan after bankruptcy.

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DYK (Did you know?): Payday loans https://tysbvi.com/dyk-did-you-know-payday-loans/ https://tysbvi.com/dyk-did-you-know-payday-loans/#respond Wed, 13 Oct 2021 18:00:22 +0000 https://tysbvi.com/dyk-did-you-know-payday-loans/ Payday loans have become a way for some people to get money when they need it quickly, but it can come at a high cost and quickly recreate a ‘quicksand’ effect where borrowers take out additional loans to cover outstanding loans. WHello the demand for small dollar loans has plummeted 67percent during COVID-19 confinement, the […]]]>

Payday loans have become a way for some people to get money when they need it quickly, but it can come at a high cost and quickly recreate a ‘quicksand’ effect where borrowers take out additional loans to cover outstanding loans. WHello the demand for small dollar loans has plummeted 67percent during COVID-19 confinement, the commercial group Alliance of Online Lenders believe recoverYes at pre-Covid levels may not come for a while. Here are some facts about payday loans:

– 12 million Americans use payday loans each year.

– In 2017, there were 14,348 payday loan stores in the United States (there were only 14,027 McDonalds stores).

– The typical payday borrower is in debt five months a year and the average income of payday borrowers is $ 30,000 a year.

– 7 in 10 of those who take payday loans use them for regular recurring expenses such as utility bills and rent payments and average $ 375.

– Each year, $ 9 billion is paid in payday loan fees, with only 14% of borrowers able to repay their loans.

– The average annual interest rate (APR) for payday loans is 396%.

– Payday loans are used by all generations, but mainly by Millennials and Gen-Xers. Millennial use of payday loans (To win, Dave and Carillon) has led to an increase in online payday loans and cash advance applications.

– Seventeen states and the District of Columbia have banned payday loans or set interest rate caps.

– Many payday loans have maturities of just a few weeks and carry an astonishing annual interest rate of up to 300 percent.

– The Consumer Financial Protection Bureau report indicates that more than 80 percent payday loans are converted into new loans before they are fully repaid.

– Monthly borrowers are disproportionately likely to stay in debt for 11 months or more.

– The total outstanding personal debt in the United States is $ 143 billion.

– There are 21.1 million personal loans outstanding in the United States

– The Aaverage interest rates for personal loans vary between 10 percent and 28 percent.

– According to data compiled by TransUnion, the answer is Gen X’ers, which recorded an average loan balance of $ 9,522.

– On average, payday loan users spend $ 520 in fees to borrow $ 375.

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