Adventure series – Urban Art Adventures http://www.urbanartadventures.com/ Thu, 04 Aug 2022 08:10:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.urbanartadventures.com/wp-content/uploads/2021/11/icon-17.png Adventure series – Urban Art Adventures http://www.urbanartadventures.com/ 32 32 Tourists keen to travel using BNPL, says new report https://www.urbanartadventures.com/tourists-keen-to-travel-using-bnpl-says-new-report/ Thu, 04 Aug 2022 08:10:00 +0000 https://www.urbanartadventures.com/tourists-keen-to-travel-using-bnpl-says-new-report/ Spain-based IT provider for the global travel and tourism industry, Amedeecommissioned a new study, “Consumer Travel Spend Priorities”, surveying 4,500 consumers in Europe, the United States and Singapore, in June 2022, regarding their travel spending habits. The desire to explore new destinations According to the study, consumers said they aim to travel more despite economic […]]]>

Spain-based IT provider for the global travel and tourism industry, Amedeecommissioned a new study, “Consumer Travel Spend Priorities”, surveying 4,500 consumers in Europe, the United States and Singapore, in June 2022, regarding their travel spending habits.

The desire to explore new destinations

According to the study, consumers said they aim to travel more despite economic and geopolitical uncertainties, with international travel ranked as the highest priority among six categories of discretionary spending. 42% of respondents ranked international travel above domestic travel, restaurants, fashion, buying a new car or renovating the house, showing how COVID-19 impacted the collective desire to see new places and experience new cultures.

On average, consumers estimate they would spend just over $2,600 on international travel over the next 12 months, matching pre-pandemic budgets of around $2,700.

The digital future of mobile payments

The main difference between the 2022 estimates and the 2019 travel budgets is that customers will spend the same amount of money but not get what they pay for, given that worldwide travel costs, expenses, fuel, groceries and the entertainment industry have increased.

In the face of economic uncertainty, more and more tourists are adopting fintech solutions to finance their trips and want to find alternative solutions, including installment payments, to fuel their dreams of traveling abroad. In fact, research from Amadeus shows that a staggering 75% of respondents are more likely to opt for Buy Now, Pay Later (BNPL) plans to fund their travel, compared to just 44% who are more likely to put their expenses on their credit cards. , and 26% considering taking payday loans.

Additionally, nearly half of respondents (47%) say they will use loyalty points, tips, discounts and special offers to fund their trips, instead of continuing to collect them.

Besides BNPL payments, 48% of survey participants said they were more likely to try prepaid debit cards with room for different currencies to avoid huge FX trading fees when paying abroad, while 49% of them declared their interest in co-branded products. cards offering loyalty points.

Given the current environment, 73% of travelers will be cautious with their exchange rates, fees and additional costs associated with international travel, while more than half of respondents would prefer a travel provider that allows them to pay in their own currency, with seamless transparency. Exchange fee.

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Why Jordy Dwyer is passionate about improving Indigenous financial literacy https://www.urbanartadventures.com/why-jordy-dwyer-is-passionate-about-improving-indigenous-financial-literacy/ Tue, 02 Aug 2022 03:50:32 +0000 https://www.urbanartadventures.com/why-jordy-dwyer-is-passionate-about-improving-indigenous-financial-literacy/ Jordy Dwyer is passionate about helping Indigenous Australians improve their financial well-being. The 30-year-old Wiradjuri, who grew up on the NSW Central Coast, now works as a community engagement and projects officer at the First Nations Foundation. The registered charity provides financial education to Aboriginal and Torres Strait Islander people. It’s important and rewarding work […]]]>

Jordy Dwyer is passionate about helping Indigenous Australians improve their financial well-being.

The 30-year-old Wiradjuri, who grew up on the NSW Central Coast, now works as a community engagement and projects officer at the First Nations Foundation.

The registered charity provides financial education to Aboriginal and Torres Strait Islander people.

It’s important and rewarding work for Jordy, but it’s also helped him better understand his own relationship with money.

For ABC Everyday’s Money Q&A, we sat down with Jordy to hear her story.

What are some of the financial barriers faced by Aboriginal and Torres Strait Islander people?

What is lost are the economic injustices that have happened recently, to be honest.

Were [the] first or second generation Aboriginal and Torres Strait Islander people able to participate fully in the economy.

This is a result of increased access to education and recognition by the wider community of the value and knowledge that Aboriginal and Torres Strait Islander people can impart in their workplace.

But that only happened recently. My father was not classified as a citizen until he was five years old. It keeps it under control for me.

How has your relationship with money changed over the years?

I was a survivor of child sexual abuse. I kept that to myself for about 15 years.

Thinking about it now, you’re living a double life, I guess. You are trying to paint a false picture that everything is rosy. For me, that included some pretty generous spending.

Until I was sorted in terms of sanity, it was always going to be difficult to manage the money.

Even last year I had a bit of a reality check at the age of 30 and realized that I didn’t have a lot of money in the bank, even though I’ve worked steadily since I left school in decent jobs.

I’ve always had this kind of survival attitude with money, just to get through the next week. This is a widespread attitude in our communities because we are so used to it.

It’s really about trying to change that mindset now.

We now have the opportunity to set up the next generation as well as ourselves.

What problems do people face when it comes to money?

We have had the chance to travel to special places to lead workshops and be part of community initiatives.

The big thing is the lack of knowledge that has been imparted.

In communities across the country, we see people taking out payday loans, buy now pay later, or rent to buy programs that end up costing them twice as much as they should.

We look for ways to help people out of desperation, which likely exaggerates this cycle of financial disadvantage.

It’s really about trying to make sure everyone understands what they’re signing up for.

It’s also about trying to start those conversations around money. It’s hard to talk about it when you don’t have it.

What is the impact of financial hardship on people’s mental health?

We have such a big problem in our communities with men in particular dying at ridiculously young ages. Mental health is obviously a contributing factor.

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Beware of unregulated “quick fix” salary advances https://www.urbanartadventures.com/beware-of-unregulated-quick-fix-salary-advances/ Sat, 30 Jul 2022 19:01:00 +0000 https://www.urbanartadventures.com/beware-of-unregulated-quick-fix-salary-advances/ Australians have been warned about using increasingly popular ‘payday advance’ services because they fear exposing themselves to excessive debt and unregulated products. Payday advance services give workers access to their payday in advance, with users able to withdraw between $50 and $2,000, which they then repay – with a flat rate or percentage – to […]]]>

Australians have been warned about using increasingly popular ‘payday advance’ services because they fear exposing themselves to excessive debt and unregulated products.

Payday advance services give workers access to their payday in advance, with users able to withdraw between $50 and $2,000, which they then repay – with a flat rate or percentage – to the lender on the day. of pay. The services work similarly to payday loans, but with lower fees and shorter repayment times.

Deputy Treasurer Stephen Jones said Labor would seek to regulate buy now, pay for services later and pay industry up front.Credit:Alex Ellinghausen

A number of large payday advance companies have sprung up recently, including Commonwealth Bank’s Beforepay, MyPayNow and AdvancePay, listed on the Australian Securities Exchange. Their number of customers has increased, spurred by the soaring cost of living and rising interest rates.

However, despite their growing popularity, cash-strapped workers have been warned to avoid these services.

A spokesperson for the Australian Securities and Investments Commission’s financial regulator MoneySmart The financial advice division said that while they might seem like a “quick fix”, users should look for other options.

“If you need cash fast, a payday advance service might come in handy,” the spokesperson said. “[However]Using a payday advance service means you’ll have less money on your next payday, and if overused, it can be difficult to keep track of repayments when managing other financial commitments.

“Keep in mind that each time you use the service, you are charged a fee. Although payday advance providers have limits on what they can charge you, your bank may charge a fee if you do not have enough money in your account to cover your refund.

Borrowing money through a payday advance service can also affect your ability to borrow money, such as a home loan, in the future, as lenders often have a low opinion of it. payday advance and buy now, pay later services when assessing a borrower’s spending habits.

Another major ASIC concern is that payday advance services are unregulated, operating under a loophole in credit laws, which allows providers to circumvent the need for credit checks or verification processes. difficulties.

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Salary on demand! Get real-time employer salary before payday https://www.urbanartadventures.com/salary-on-demand-get-real-time-employer-salary-before-payday/ Thu, 28 Jul 2022 07:25:01 +0000 https://www.urbanartadventures.com/salary-on-demand-get-real-time-employer-salary-before-payday/ More than 80% of Indians exhausted their salary before the end of the month. Current inflation and uncertainty continue to add pressure to meet day-to-day financial needs. Lack of access to credit or formal loans, coupled with a poor understanding of financial products, drives many people to take out high interest loans, pushing them into […]]]>

More than 80% of Indians exhausted their salary before the end of the month. Current inflation and uncertainty continue to add pressure to meet day-to-day financial needs. Lack of access to credit or formal loans, coupled with a poor understanding of financial products, drives many people to take out high interest loans, pushing them into vicious cycles of debt and financial stress. .

Refyne, India’s leading on-demand salary platform, has announced the launch of its services on WhatsApp to provide employees with a fast, transparent and convenient way to access their salaries, in real time. With this, Refyne becomes the first financial wellness company in India to offer pay-on-demand on WhatsApp.

Refyne allows employers to pay their employees’ salaries between pay cycles, as they are earned, in real time. With the launch on Whatsapp, employees can simply enjoy their accrued salaries within seconds.

With the availability of Refyne on WhatsApp, Salary On-Demand is accessible to many other audiences who may be less tech-savvy but comfortable using WhatsApp. Users can get started by simply sending a Whatsapp to Refyne. They are guided through a few quick and easy steps to complete the required KYC and once complete they can start transacting instantly. The service is fully compliant with RBI laws and employee data is kept secure in accordance with Refyne’s privacy policy. Additionally, all transactions are secure and follow two-factor authentication.

Chitresh Sharma, CEO and Co-Founder of Refyne, said, “In India, 1 in 3 people live paycheck to paycheck and a significant portion have no or very limited access to credit. As a result, many are underserved or unserved for reasons ranging from financial literacy to credit data to geographic constraints. We believe that the combination of smart financial products and technology can be a great catalyst to foster financial inclusion. Considering the penetration of Whatsapp in India, we believe this is a step in the right direction to make Salary On-Demand accessible to a large number of Indians.

More and more companies in India are recognizing their role in promoting the financial well-being of employees and the impact this has on business. Salary On-Demand has enabled several employees to meet their daily needs without expensive payday loans, making them less stressed, motivated and engaged in the workplace.

Earned Wage Access (EWA) is a financial product that allows employees to access a portion of their earned wages anytime before their payday, with the remainder paid at the end of the pay period without disrupting payroll. This helps them better align their income and expenses and reduce their need for high interest credit programs. Unlike payday loans or payday loans, EWA does not involve borrowing on the part of the employee.

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Bridgepayday has been rebranded as Kashpilot https://www.urbanartadventures.com/bridgepayday-has-been-rebranded-as-kashpilot/ Mon, 25 Jul 2022 23:35:16 +0000 https://www.urbanartadventures.com/bridgepayday-has-been-rebranded-as-kashpilot/ To better serve its customers, BridgePayday.com has rebranded itself KashPilot.com. KashPilot is committed to providing consumers with a fast, easy, and convenient way to get online loans quickly. With over seven years of experience in the payday loan industry, KashPilot is well positioned to provide borrowers with competitive rates and excellent customer service. Borrowers can […]]]>

To better serve its customers, BridgePayday.com has rebranded itself KashPilot.com. KashPilot is committed to providing consumers with a fast, easy, and convenient way to get online loans quickly. With over seven years of experience in the payday loan industry, KashPilot is well positioned to provide borrowers with competitive rates and excellent customer service.

Borrowers can continue to apply for loans online in minutes and receive funds directly into their bank accounts within one business day. There is no need to fax any documents or submit to a credit check. The company offers payday loans and installment loans, among others. KashPilot contains clear and concise loan terms so borrowers know exactly what they are agreeing to.

To make KashPilot the ideal loan connection service of the future, the company is shifting into high gear. Its co-founders, Usman Konst and Holly Wayne Jackson came up with the name, aiming to continue dominating the lending industry. Usman is the CEO of KashPilot, formerly BridgePayday, and an experienced lending industry expert. With the sole purpose of helping borrowers find reputable lenders, Usman has brought together the best professionals in the industry to ensure borrowers get the best loan services. The website has also been redesigned with a new look and easy to use navigation.

Kashpilot’s editorial team is dedicated to providing accurate, comprehensive and useful content that motivates and helps all readers. Their current editorial standards and policies serve as a framework for how they obtain information, report it, write about it, and edit their stories. The company follows a thorough fact-checking process and corrects any inaccuracies immediately. A key feature is editorial impartiality. Business partners, internal or external, have no influence on Kashpilot’s editorial advice, suggestions, or product reviews.

Kashpilot will continue to welcome experiences and insights that will help them connect with their readers, respond to their inquiries, and earn their trust.

They are able to lend in all states that allow payday loans. This job is made a little easier by the fact that the company operates online and its program has many lenders in every state.

Kashpilot also consolidates payday loans. When you owe too much money or have taken too many loans, you should use this service. By repaying your obligations over a longer period with fewer installments, this program aims to reduce your interest costs.

Media Contact
Company Name: KashPilot Loans
Contact person: Usman Konst
E-mail: Send an email
Call: 800-522-9222
Address:111 West 10th Street
Town: Kansas City
State: MO 64105
Country: United States
Website: kashpilot.com

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CT consumers will get a refund from the payday loan collection agency https://www.urbanartadventures.com/ct-consumers-will-get-a-refund-from-the-payday-loan-collection-agency/ Sun, 24 Jul 2022 11:49:35 +0000 https://www.urbanartadventures.com/ct-consumers-will-get-a-refund-from-the-payday-loan-collection-agency/ CONNECTICUT — The state’s banking department has reached a settlement with a consumer collection agency trying to collect payday loans that can’t be enforced in Connecticut. Connecticut-licensed consumer collection agencies cannot collect on small loans (less than $15,000) from unlicensed non-exempt lenders, including those affiliated with tribes. Small loans made to Connecticut consumers by licensed […]]]>

CONNECTICUT — The state’s banking department has reached a settlement with a consumer collection agency trying to collect payday loans that can’t be enforced in Connecticut.

Connecticut-licensed consumer collection agencies cannot collect on small loans (less than $15,000) from unlicensed non-exempt lenders, including those affiliated with tribes. Small loans made to Connecticut consumers by licensed or exempt lenders that charge more than 12% interest are illegal.

Connecticut DOB has reached a consent order agreement with TruAccord Corp that will reimburse a total of $44,000 to 103 Connecticut consumers.

Tribal Sovereign Immunity protects tribes and federally recognized entities that are “arms of the tribe” from certain enforcement actions under state law, but it does not apply to law enforcement agencies. consumer recovery.

“While the Department has done a great job downplaying what is widely known as ‘payday lending’ here in Connecticut, we still see unlicensed out-of-state businesses engaging in this practice and consumer collection agencies attempt to collect this debt,” Banking Commissioner Jorge Perez said in a statement. “I want to be clear that any company originating loans in this state that violates Connecticut law with excessive interest rates and collection agencies trying to collect that debt will be investigated by the Department.”

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DFPI Bulletin Digest: July 2022 https://www.urbanartadventures.com/dfpi-bulletin-digest-july-2022/ Fri, 22 Jul 2022 16:17:09 +0000 https://www.urbanartadventures.com/dfpi-bulletin-digest-july-2022/ July 2022 DFPI Bulletin Focuses on Small Businesses funding disclosuresproposed rules on commercial financial productsand the Contribution rate 2022-2023 for financial institutions, among other topics. Editor’s Note – California Financial Protection and Innovation Department (DFPIformerly the Business Supervision Department) oversees, licenses and regulates a variety of financial institutions, including certain home mortgage originators (MLOs) holding […]]]>

July 2022 DFPI Bulletin Focuses on Small Businesses funding disclosuresproposed rules on commercial financial productsand the Contribution rate 2022-2023 for financial institutions, among other topics.

Editor’s Note – California Financial Protection and Innovation Department (DFPIformerly the Business Supervision Department) oversees, licenses and regulates a variety of financial institutions, including certain home mortgage originators (MLOs) holding a National Multi-State (or Mortgage) Licensing System and Registry (NMLS) Licence. Along with the California Department of Real Estate (DRE), the DFPI shares responsibility for overseeing MLOs based on their use of licenses.

Licensees, stay up to date with MLO July 2022 news and events below.

Extension of Commercial Finance Disclosure Regulations

On June 9, 2022, California Office of Administrative Law (OAL) approved the DFPI’s proposed regulation on trade finance disclosure. The regulations extend disclosure protections to California small businesses when those businesses seek commercial financing.

The disclosures will take effect on December 9, 2022. They are intended to provide small businesses in California with a better understanding of the costs and benefits of commercial financing offers. Armed with this information, small businesses will be better able to compare different offers to find the best financing solution for their needs. The final settlement and Final Statement of Reasons are posted on the DFPI website.

The DFPI’s work on these disclosures dates back to the passage of SB-1235 in 2018, which requires commercial finance providers to provide information to small businesses. The bill requires suppliers to disclose:

  • total funds provided;
  • total dollar cost of financing;
  • duration or estimated duration;
  • method, frequency and amount of payments;
  • a description of prepayment penalties; and
  • the total cost of financing at an annualized rate.

Related article:

The Future of Cryptocurrency in Real Estate Transactions

Proposed rules on commercial financial products and services

The DFPI filed a Notice of Proposed Action invite the public to comment on proposed regulations under the Consumer Financial Protection Act (CCFPL). The proposed regulations implement, interpret or establish specific provisions of the Financial Code relating to the commercial financing of small businesses, non-profit organizations and family farms.

Submit your comments by email to regulation@dfpi.ca.gov with a copy to Samuel.Park@dfpi.ca.gov. Please include “PRO 02-21” in the subject line.

Alternatively, comments can be mailed to:

Financial Protection and Innovation Department
Attention: Sandra Navarro
2101 Arena Blvd.
Sacramento, CA 95834

The Text of the draft regulation and the Initial statement of reasons are available on the DFPI website.

The 45-day public comment period ends on August 8, 2022.

Public comment period on oversight of financial services related to crypto assets

While public interest in cryptocurrencies has exploded since the pandemic, regulation remains thin. Regarding the oversight of financial products and services related to crypto-assets, the DFPI is currently seeking comments on:

  • regulatory priorities;
  • Regulation and supervision of CCFPL; and
  • market surveillance functions.

For any regulatory recommendation, commenters are encouraged to provide a description of any economic impact of the recommendation for California businesses and consumers.

Governor Gavin Newsom released Executive Order N-9-22 last May to create a transparent regulatory and commercial environment for web3 companies, to foster responsible innovation, support the Californian economy and, above all, protect consumers. As part of this strategy, the DFPI is seeking input to develop regulatory guidance, clarity, and oversight in the offering of financial products and services related to crypto assets in California.

The DFPI has posted topics and questions to help reviewers generate feedback. Find the formal Call for comments on the DFPI website.

Comments will be accepted until August 5, 2022, and can be submitted by email to regulation@dfpi.ca.gov. Include “Review Invitation – Financial Products and Services Related to Crypto Assets” in the subject line.

Comments can also be mailed to:

Financial Protection and Innovation Department, Legal Department
Attention: Sandra Navarro, Rules Coordinator
2101 Arena Blvd.
Sacramento, CA 95834

2022-23 contribution rates for financial institutions

On June 30, 2022, the 2022-23 Annual Assessment invoice was emailed to banks, credit unions, and money transmitters. Licensees who have not received their invoices should notify the Accounts Receivable Unit at AccountingAR@dfpi.ca.gov as soon as possible.

Invoices are payable no later than August 1, 2022 with more time allowed for payments made by Electronic Funds Transfer (EFT). EFT payments are due by August 8, 2022.

For commercial banks, foreign banksand trust companiesthe base rate was set at $1.39 per $1,000 of assets, down $0.05 from last year’s rate of $1.44.

For credit unionsthe 2021-22 contribution rate has been set at $1.01 per $1,000 of assets, the same rate as last year.

For industrial banksthe base rate was set at $1.39 per $1,000 of assets, down $0.05 from last year’s rate of $1.44.

Finally, for money transmitters, the 2021-2022 contribution rate has been set at $0.014 per $1,000 received for transmission by a holder during the 2021 calendar year, a decrease of $0.006 from the rate for the year last. The 2021-2022 assessment rate for issuers of payment and stored value instruments has been set at $0.63 per $1,000 of payment and stored value instruments sold by a licensee.

For valuation calculation questions, refer to “How to calculate your assessmentor contact Patrick Carroll at (415) 263-8559 or patrick.carroll@dfpi.ca.gov. Questions regarding the processing of assessment payments should be directed to the Accounts Receivable Unit at AccountingAR@dfpi.ca.gov.

Openings of the Escrow Advisory Committee

From September 2022, there will be three openings on the Escrow Advisory Committee.

The Committee is made up of eleven members, including the Statutory Auditor (or his delegate).

Appointed members sit for a period of two years without indemnity or reimbursement of expenses. The committee meets quarterly at the ministry office. The next meeting is tentatively scheduled for Wednesday, September 7, 2022.

The current vacancies on the committee are representatives of:

  • a small escrow company;
  • an escrow company that has a different type of business ownership; and
  • a CPA who has fiduciary clients.

Managers or corporate officers of independent escrow companies are eligible to serve. Examples of different business ownership include companies owned by title companies or brokers.

Chartered Trustees and qualified CPAs who meet any of the above criteria are encouraged to apply by sending a letter of qualifications and/or resume to Paul Liang at Paul.Liang@dfpi.ca.gov, or by post to:

Financial Protection and Innovation Department
320 West 4th Street, Suite 750
Los Angeles, California 90013

The deadline for submission is July 29, 2022. Direct your questions to Paul.Liang@dfpi.ca.gov or (213) 576-7535.

2021 report on increased access to responsible small loans and nonprofits

The DFPI published the Annual report 2021 of the Pilot program for increased access to responsible small loans (RSDL). The program is designed to provide an alternative to payday loans and other more expensive forms of consumer credit. This report contains detailed information collected earlier this year from participating lenders.

The pilot program aims to increase the availability of small responsible installment loans by at least $300 but less than $2,500. In 2018, the maximum loan amount increased to $7,500.

In addition, the DFPI published the 2021 Annual Report for Nonprofit Entities Offering Zero-Rate Loans. Senate Bill 896 was signed into law in 2015 to encourage nonprofit organizations (exempt organizations) to facilitate low-interest, low-cost loans. In part, small dollar loans are intended to allow consumers to establish, build and improve their credit ratings.

This is the end of the July 2022 DFPI Bulletin. For more on the topics mentioned here, read the full bulletin on the DFPI website.

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Experts urge avoiding payday loans https://www.urbanartadventures.com/experts-urge-avoiding-payday-loans/ Wed, 20 Jul 2022 19:42:00 +0000 https://www.urbanartadventures.com/experts-urge-avoiding-payday-loans/ BATON ROUGE, La. (WAFB) – As we see the highest inflation in four decades, you’re trying to stretch your budgets, but financial experts are encouraging any option to help pay the bills except a payday loan. A payday loan might sound great because it’s basically instant cash when you need it, but with an average […]]]>

BATON ROUGE, La. (WAFB) – As we see the highest inflation in four decades, you’re trying to stretch your budgets, but financial experts are encouraging any option to help pay the bills except a payday loan.

A payday loan might sound great because it’s basically instant cash when you need it, but with an average interest rate of 391%, that quick cash can take you down a heavy debt road.

For comparison, APRs on credit cards can range from around 12% to around 30%. If the loan is not repaid in full on the first payday, a fee is added and the cycle repeats.

So, within a few months, borrowers may end up owing more interest than the original loan amount.

“So you can really end up in a cycle of debt because there’s so much to pay back,” said Andy Mattingly of Forum Credit Union. “Then you constantly borrow every week or every two weeks. So you can just step into that cycle, and you can’t walk away from it.

Payday loans are generally short-term, high-interest loans that are usually due on your next payday. Experts say these should be your absolute last resort and even personal loans are a better decision.

Personal loans work for certain emergencies, like a car repair that costs a few thousand dollars. With personal loans, you may have 12 to 24 months to repay. Consider going through a credit union for low interest loans.

Or consider offering a side hustle or temporary second job. Every little bit counts when trying to manage your money and increase your income.

“There is a real problem that needs to be fixed and this extra income for two months, one month can actually solve that problem,” said Peter Dunn, CEO of Your MoneyLine.

To be proactive, try to keep your expenses to a minimum right now, especially if your budget is already quite tight. You might be tempted to make these impulse purchases at retail stores with decent deals on clothes and furniture. If you don’t need it, don’t buy it.

Click here to report a typo.

Copyright 2022 WAFB. All rights reserved.

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Installment Loans with BridgePayday: How They Help You Finance Big Purchases or Consolidate Debt https://www.urbanartadventures.com/installment-loans-with-bridgepayday-how-they-help-you-finance-big-purchases-or-consolidate-debt/ Mon, 18 Jul 2022 16:30:05 +0000 https://www.urbanartadventures.com/installment-loans-with-bridgepayday-how-they-help-you-finance-big-purchases-or-consolidate-debt/ When it comes to financing big purchases or consolidating debt, installment loans can be a great option. Unlike a payday loan, an installment loan is repaid over time in fixed monthly payments. This makes it more manageable for borrowers and can help them avoid costly penalties and interest rates. Installment loans are disbursed all at […]]]>

When it comes to financing big purchases or consolidating debt, installment loans can be a great option. Unlike a payday loan, an installment loan is repaid over time in fixed monthly payments. This makes it more manageable for borrowers and can help them avoid costly penalties and interest rates.

Installment loans are disbursed all at once, giving borrowers quick access to important expenses. Just make sure you’ll eventually pay off your debt and have a stable source of income to help pay your monthly payments. In this blog post, we will discuss the benefits of installment loans and how they can help you advance financially.

What are installment loans and what are their benefits?

Installment loans are a type of loan in which the borrower repays the loan in fixed monthly installments. The main advantage of installment loans is that they are easier for borrowers to manage than other types of loans, such as payday loans. Indeed, the borrower knows exactly how much he has to pay each month and can budget accordingly. Additionally, installment loans often have lower interest rates than other types of loans, which can save long-term borrowers money.

Another advantage is that installment loans can be used for a number of things. For example, consumers can use installment loans to pay for important acquisitions such as a car or a new house. Or, customers can combine their debts using installment loans. For borrowers who have multiple debts with different interest rates, this can be a viable solution. Borrowers could reduce their monthly payments by combining these obligations into a single loan with a reduced interest rate.

Be sure to browse and compare offers from several lenders if you are considering taking out an installment loan. Before signing a loan agreement, make sure you fully understand the terms and conditions. Before taking out an installment loan, like any other type of loan, make sure you can afford the monthly payments.

How to benefit from an installment loan?

To qualify for a BridgePayday installment loan, you will generally need to have a stable source of income and good credit. Lenders will also want to see that you have a history of making payments on time. If you don’t have perfect credit, you may still qualify for an installment loan with a co-signer. A co-signer is someone who agrees to repay the loan in the event of default.

If you’re not sure if an installment loan is right for you, there are a few other options to consider. For example, personal loans and lines of credit have their own advantages and can be used for various purposes. However, personal loans generally have higher interest rates than installment loans. Lines of credit, on the other hand, can be a good option for borrowers who need flexibility in how they repay their debt.

Whichever type of loan you choose, be sure to shop around and compare offers from multiple lenders. Make sure to read the terms and conditions carefully before signing any loan agreement. And, as with any type of loan, make sure you can afford the monthly payments before taking out a loan.

The different types of installment loans

There are several types of installment loans. The most common type is a mortgage, which is used to purchase a home. Mortgages are generally repaid over a period of 15 to 30 years. Other types of installment loans include auto loans, student loans, and personal loans.

  • The car loan is used to finance the purchase of a new or used vehicle. Auto loans are generally repaid over a period of two to seven years.
  • Student loans are used to finance the cost of college or higher education. Student loans are generally repaid over a period of five to 20 years.
  • Personal loans can be used for a variety of purposes, such as consolidating debt or financing a major purchase. Personal loans are generally repaid over a period of two to five years.

The borrower’s credit history will be a major factor in determining the interest rate and other parameters of the installment loan. Compared to alternative financing options, a borrower with a poor credit rating might not qualify for an installment loan with a favorable interest rate and payment size. However, a low credit score does not always prevent you from obtaining an installment loan. Never hesitate to check with a lender to determine if you are prequalified for a loan without it affecting your credit score.

If you’re considering an installment loan, be sure to shop around and compare offers from multiple lenders. Make sure to read the terms and conditions carefully before signing any loan agreement. And, as with any type of loan, make sure you can afford the monthly payments before taking out an installment loan.

What you need to know before taking out an installment loan

Before taking out an installment loan, there are a few things you need to know.

First, installment loans can be used for a variety of purposes, such as financing a major purchase or consolidating debt.

Second, when shopping for an installment loan, be sure to compare offers from multiple lenders. And third, make sure you can afford the monthly payments before taking out an installment loan.

When you are ready to apply for an installment loan, be sure to read the terms and conditions carefully before signing any loan agreement. And, as with any type of loan, make sure you can afford the monthly payments before taking out a loan.

By adding a history of on-time payments to your credit report, installment loans can boost your credit score. They can also diversify your credit mix, as the different forms of credit you’ve successfully managed affect your credit score.

If you are considering a BridgePayday installment loan, be sure to keep these things in mind. Installment loans can help you finance a major purchase or consolidate debt, but it’s important to compare offers from multiple lenders and make sure you can afford the monthly payments before taking out a loan.

Author Bio: Julie Snearl, Senior Personal Finance Writer at BridgePayday

An editor and writer for over a decade, writing and editing finance for the national technical and mainstream readership, Julia Snearl is the Personal Finance Editor at BridgePayday. Her background in business book publishing also includes working as the Graphics Editor of Ahead of the Curve. With over 3 years of experience editing content for finance on BridgePayday, Julie is interested in learning how to use digital content to help people make better financial choices.

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20 best ways to invest $100,000 – 24/7 Wall St. https://www.urbanartadventures.com/20-best-ways-to-invest-100000-24-7-wall-st/ Sun, 17 Jul 2022 15:00:05 +0000 https://www.urbanartadventures.com/20-best-ways-to-invest-100000-24-7-wall-st/ If you have $100,000 burning a hole in your pocket, you can spend lavishly on material goods or travel, try your luck at a casino or do online sports betting. Or you can invest the money. 24/7 Wall St. has created a list of 20 of the most common investment types along with explanations of […]]]>

If you have $100,000 burning a hole in your pocket, you can spend lavishly on material goods or travel, try your luck at a casino or do online sports betting. Or you can invest the money.

24/7 Wall St. has created a list of 20 of the most common investment types along with explanations of common successful investment strategies based on the report How to invest $100,000produced by financial technology company SmartAsset.

Before investing, take the time to determine what type of investor you are and what your level of risk tolerance is. This will help determine the types of investments you make and the services or companies you use. It might also be a good idea to engage the services of a financial adviser before you start investing.

There are many options available to you if you are looking to invest $100,000 – mutual funds, exchange traded funds, index funds, to name a few. Investing in real estate and its related funds is also part of the strategies of many investors. To help minimize risk, investors should consider strategies such as cost averaging, in which you invest a fixed amount at regular intervals, or other strategies. (These are cities where investors buy the most real estate.)

Investors should also look into employer-affiliated investment options such as 401(k) plans as well as individual retirement accounts. (Here is what it costs to retire comfortably in each state.)

Those looking for safer havens for their money should keep certificates of deposit, money market savings accounts, and high interest savings accounts in mind.

Click here to see the top 20 ways to invest $100,000.

Sponsored: Tips for Investing

A Financial Advisor can help you understand the pros and cons of investment properties. Finding a qualified financial advisor doesn’t have to be difficult. SmartAsset’s free tool connects you with up to three financial advisors who serve your area, and you can interview your advisors at no cost to decide which one is best for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate helps diversify your portfolio. But expanding your horizons can come with additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, which helps you maximize your profits.

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