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The Fifth Hope

The Fifth Hope

  • Home
  • Payday lending
  • Debt repayment
  • Credit scores
  • Debt relief
  • Lending

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  • Lending

    What does it take to qualify for a zero percent auto loan?

    By Paula Torr
    March 11, 2021

    As the auto industry continues to recover from the drop in sales caused by the COVID-19 pandemic, automakers have taken advantage of generous sales incentives and pushed online and contactless sales to help move the metal forward. . Several automakers are offering financing on many of their models at 0.0% interest this month for six or seven years. Taking advantage of low-rate or interest-free financing from an automaker is almost always a bigger saver than taking cash back, unless it’s particularly huge.


    With the average price of a new vehicle at around $ 38,000, the total cost to finance it for five years with $ 5,000 down payment and 5.0% interest would be $ 4,365. At 0.0%, it’s zero. And as you can imagine, the savings are even greater with more expensive luxury vehicles.

    But there is a catch in the auto manufacturer’s low rate loan promotions, and it refers to the familiar slogan, “for well-qualified buyers only.” This means that you will need to have a top notch credit score, among other favorable factors to qualify. Lenders consider applicants with lower credit scores to be riskier than those with better scores, meaning they will typically have to pay higher finance rates.

    Lenders, including captive financing divisions of automakers, assess an applicant’s creditworthiness largely based on their FICO score, which is created and hosted by Fair Issac Corp. FICO scores range from a low of 300 to a high of 850. Specifically, most auto lenders depend on an industry specific version of the FICO Score designed to be a better predictor of a borrower’s ability to pay a loan. car loan on time. While the standards may vary from one funding source to another, the higher your FICO score, the better the chances of receiving a promotional interest rate. Making a larger down payment can also help in this regard.

    According to FICO, top borrowers have a score of 720 and above, with those of 690-719 coming in second. Those with lower scores are considered subprime and will have to pay what could be a considerably higher interest rate. Those with the lowest credit scores may be refused a loan.

    FICO scores are largely based on a person’s payment history and unpaid balances. Other considerations include length of credit history, recently opened lines of credit, and credit mix, credit cards, retail accounts, small installments, etc. In addition to the FICO score, a credit report will disclose all open and closed sources of credit, credit applications / requests made, and information on overdue debts, bankruptcies and civil lawsuits. Lenders will also look at an applicant’s annual income to assess the amount of monthly car payment he can afford.

    Having late or missed payments, debt collections, bankruptcies, exceeded credit limits and / or outstanding tax liens will cause the FICO score to drop.

    Promotional loan programs aside, as of this writing, FICO says those with credit scores of 720 to 850 can expect to pay a nationwide average of 4.18% interest on a car loan of $ 22,000 with a term of 48 months. If your score is between 690 and 719, you will be charged an average of 5.53%. And it only goes up from there. Those with the lowest scores of 500-589 will face sky-high 16.1% rates. (If your FICO score is lower, you will probably have a hard time getting a loan at any cost.) Running the numbers means that someone with a FICO score in the range of 500 would pay $ 6,385 more in interest. over the life of the above loan someone with excellent credit.

    And on top of that, some auto insurance companies will charge higher premiums (where state regulations allow) to motorists with poor credit. Although some oppose this practice, insurance companies tend to believe that drivers with low credit scores are statistically more likely to file auto insurance claims than creditworthy motorists.

    It is always a good idea to periodically check your credit score, especially if you plan to take out a loan in the near future. Federal law allows consumers to get a free report each year from each of the three major credit bureaus, Equifax, Experian, and TransUnion. Banks and credit card providers often provide free credit scores to their customers. And despite what you may believe to the contrary, checking your report regularly will not affect your credit score.

    Read your reported credit history carefully, keeping an eye out for any inaccuracies or errors. A study by the Federal Trade Commission found that 28% of participants found at least one material error in their credit reports. If you find one or more, be sure to contact both the lender and the appraisal agency to have it corrected.

    If your credit score is low, you will want to work on improving it. Experts advise that you regularly pay off your existing debt, especially high-interest credit cards, and make all payments on time. Pay off or keep your balances minimal. But FICO recommends that you do not apply for additional credit cards or close unused accounts in an effort to increase your credit score. Likewise, avoid transferring debt from one source to another. Either of these tactics could backfire and lead to a lower credit score.

    Read more
  • Debt repayment

    Personal bankruptcies are on the rise

    By Paula Torr
    August 10, 2022
    At the same time, the cost of living continues to climb, as do the number of declarations of insolvency by Canadian consumers. Data released ...
    Read More
  • Credit scores

    Student loan freeze boosted credit scores, study finds

    By Paula Torr
    August 10, 2022
    Vice President Harris announces the U.S. Department of Education’s plan to forgive all remaining federal student loans for borrowers who attended Corinthian Colleges. Credit ...
    Read More
  • Debt relief

    1 million Californians are eligible for student debt relief

    By Paula Torr
    August 8, 2022
    Nearly one million Californians who work in government are eligible for student loan forgiveness, but only 10,000 have received it. Now they have until ...
    Read More
  • Debt repayment

    What happens if you don’t pay your energy bills? 91,000 pledge to stop paying in October | Personal finance | Finance

    By Paula Torr
    August 8, 2022
    Don’t Pay UK was created in June, and the aim of the movement is to stop Ofgem’s price cap being raised by threatening ‘mass ...
    Read More
  • Credit scores

    Unintended consequences: Credit law change led to intrusive inquiries and higher denial rates for creditworthy borrowers

    By Paula Torr
    August 7, 2022
    Trade and Consumer Finance Minister David Clark was forced to amend the CCCFA and then order an investigation after lending orders fell. Photo/Mark Mitchell ...
    Read More
  • Lending

    Eagle Bancorp, Inc. (NASDAQ:EGBN) shares sold by Royce & Associates LP

    By Paula Torr
    August 7, 2022
    Royce & Associates LP reduced its stake in Eagle Bancorp, Inc. (NASDAQ: EGBN – Get a rating) by 11.0% in the first quarter, according ...
    Read More
  • Debt relief

    Democrats add farm debt relief to climate finance as Senate move nears | 2022-08-06

    By Paula Torr
    August 7, 2022
    A revised climate finance package that Democrats are pushing through the Senate this weekend cancels a debt relief program for minority farmers that was ...
    Read More
  • Debt repayment

    Cancel Ukrainian debt to prevent winter from becoming a killer

    By Paula Torr
    August 6, 2022
    Winter is coming, and it will be deadly because the war in Ukraine will not be over by Christmas. While Putin may not have ...
    Read More
  • Payday lending

    Companies that take money directly from your salary

    By Paula Torr
    August 6, 2022
    At any given time, millions of workers are behind on at least one invoice. But it’s the rare employer who is slow to cut ...
    Read More
  • Payday lending

    Lone Democrat on Bradley County ballot defeats millionaire Allan Jones for Cleveland District 5 school board seat

    By Paula Torr
    August 5, 2022
    The lone Democrat on the local ballot in Bradley County, Jodi Riggins, won a school board seat on Thursday against Allan Jones, a millionaire ...
    Read More
  • Lending

    Georgia Amends Residential Mortgage and Installment Loan Laws | Alston and bird

    By Paula Torr
    August 5, 2022
    A&B Summary: On May 2, 2022, Georgia Governor Brian Kemp signed HB 891 and SB 470 in the law. HB 891, effective July 1, ...
    Read More
  • Debt relief

    Booming Global Consumer Debt Settlement Market Demand

    By Paula Torr
    August 5, 2022
    Consumer Debt Settlement “Consumer Debt Settlement Market” research report is a professional report containing quality information including company size, running patterns, drivers, imaginable outcomes ...
    Read More
  • Credit scores

    Equifax sued over erroneous credit scores sent to ‘millions’ of Americans

    By Paula Torr
    August 4, 2022
    Equifax has been slapped with a lawsuit over incorrect credit scores it sent millions of customers this spring. In a lawsuit filed Wednesday in ...
    Read More
  • Payday lending

    Payday Loans Market Size, Scope and Forecast | Key Players – Cashfloat, CashNetUSA

    By Paula Torr
    August 4, 2022
    Allied Market Research released a report titled, “Payday Loans Market by Type (Storefront Payday Loans and Online Payday Loans), Marital Status (Married, Single, and ...
    Read More
  • Debt repayment

    Getting out of the Chinese debt trap

    By Paula Torr
    August 3, 2022
    The world’s poorest countries – including many in Africa – will face $35 billion in debt service payments in 2022. According to the World ...
    Read More
  • Credit scores

    Build your credit by paying rent

    By Paula Torr
    August 3, 2022
    Eva Wong, co-founder and COO of Borrowell, says the program is a unique Canadian program that will help millions of tenants build credit histories ...
    Read More
  • Lending

    Third Quarter 2023 EPS Estimates for First Commonwealth Financial Co. (NYSE:FCF) Raised by Analyst

    By Paula Torr
    August 2, 2022
    First Commonwealth Financial Co. (NYSE: FCF – Get a rating) – B. Riley raised his earnings per share estimates for the third quarter of ...
    Read More
  • Debt relief

    Stock Commentary: SM Prime H1 net profit up 21% YoY on retail ‘recovery’

    By Paula Torr
    August 2, 2022
    SM first [SMPH 37.00 1.09%] [link] pushed back guidance on its second-quarter financial statements that said its first-half net profit rose 21% year-on-year to ...
    Read More
  • Credit scores

    Inflation prompts US consumers to spend more on credit cards

    By Paula Torr
    August 1, 2022
    A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni Join now ...
    Read More
  • Payday lending

    Unilever sees growth in B2B e-commerce segment

    By Paula Torr
    August 1, 2022
    Unilever saw e-commerce become a driving force in the second quarter, now accounting for 14% of revenue, up from 6% from 2019, according to ...
    Read More
  • Lending

    Nisa Investment Advisors LLC sells 8,930 shares of Waterstone Financial, Inc. (NASDAQ: WSBF)

    By Paula Torr
    July 31, 2022
    Nisa Investment Advisors LLC reduced its stake in Waterstone Financial, Inc. (NASDAQ: WSBF – Get a rating) by 72.6% in the 1st quarter, HoldingsChannel.com ...
    Read More
  • Debt repayment

    Getting out of a debt trap is easier said than done, but a good strategy can help

    By Paula Torr
    July 31, 2022
    One of the biggest misconceptions about money is that it’s all math. Nothing could be further from the truth. We each have our own ...
    Read More
  • Debt relief

    Zambia’s debt relief pledge paves the way for $1.4 billion, IMF says

    By Paula Torr
    July 30, 2022
    JAKARTA/LONDON — Zambia’s creditors on Saturday pledged to negotiate a restructuring of the country’s debt, a move that International Monetary Fund Managing Director Kristalina ...
    Read More
  • Credit scores

    How to shop for a mortgage without hurting your credit

    By Paula Torr
    July 30, 2022
    Select’s editorial team works independently to review financial products and write articles that we think our readers will find useful. We earn commission from ...
    Read More
  • Payday lending

    Pawnbroking rises in UK amid cost of living squeeze

    By Paula Torr
    July 29, 2022
    Customers who walk through the doors of Ramsdens pawnshops experience the loan service in very different ways. “We have a very good customer [with] ...
    Read More
  • Debt relief

    Dismal political action by global economic players – Opinion

    By Paula Torr
    July 29, 2022
    The International Monetary Fund (IMF) recently released the July 2022 update to one of its flagship World Economic Outlook (WEO) reports. The ‘Gloomier and ...
    Read More
  • Credit scores

    This One Move Could Stop Your Credit Score From Dropping

    By Paula Torr
    July 28, 2022
    Getty Images This may require a bit of calculation on your part. Key points The higher your credit score, the more borrowing options you ...
    Read More
  • Payday lending

    How Refyne is financially empowering employees with ‘pay-as-you-go’ in India

    By Paula Torr
    July 28, 2022
    An employee’s financial well-being plays a key role in their happiness, satisfaction, and job performance. Employees facing financial difficulties are less engaged, motivated and ...
    Read More
  • Debt relief

    Macron’s reform package tested as French MPs approve €20bn inflation-fighting package – POLITICO

    By Paula Torr
    July 27, 2022
    PARIS — France did what it does best: throw money at a problem. As the country grapples with soaring energy prices, 5.8% inflation and ...
    Read More
  • Debt repayment

    How to pay off your car loan faster (2022)

    By Paula Torr
    July 26, 2022
    Paying for your car is probably one of your biggest monthly expenses. Understanding how to pay off your auto loan faster can help you ...
    Read More
  • Credit scores

    CFPB orders Hyundai to pay $19 million over widespread credit report failures

    By Paula Torr
    July 26, 2022
    WASHINGTON DC – Today, the Consumer Financial Protection Bureau (CFPB) penalized Hyundai Capital America (Hyundai) for repeatedly providing inaccurate information to national credit reporting ...
    Read More
  • Payday lending

    Pay-as-you-go: 60% of American workers want daily access to earned wages

    By Paula Torr
    July 26, 2022
    By Christopher Wood, RPC. A new national study that analyzed the impact of same-day pay found that, among other things, more than 60% of ...
    Read More
  • Lending

    Dividend announcement PRK $1.0400/share 07/25/2022

    By Paula Torr
    July 26, 2022
    Park National Corp (Newark, OH) (AMEX:PRK) on 07/25/2022 declared a dividend of $1.0400 per share payable September 09, 2022 to shareholders of record as ...
    Read More
  • Debt relief

    7 simple and inexpensive water toys

    By Paula Torr
    July 25, 2022
    Max Topchii / Shutterstock.com Editor’s Note: This story originally appeared on Live on the cheap. If you associate outdoor play with water toys, you ...
    Read More
  • Debt repayment

    These 2 Anti-Inflation Stocks Pay Monthly Dividends

    By Paula Torr
    July 25, 2022
    Rising food and energy prices sent the consumer price index jumping 9.1% year over year in June, the fastest increase since November 1981. The ...
    Read More
  • Payday lending

    CT consumers will get a refund from the payday loan collection agency

    By Paula Torr
    July 24, 2022
    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 ...
    Read More
  • Lending

    Eagle Bancorp Inc (NASDAQ:EGBN) downgraded by StockNews.com to be sold

    By Paula Torr
    July 24, 2022
    Eagle Bancorp (NASDAQ:EGBN – Get a rating) was downgraded by investment analysts to StockNews.com from a “hold” rating to a “sell” rating in a ...
    Read More
  • Debt relief

    Student debt: can Parent PLUS loans be forgiven?

    By Paula Torr
    July 23, 2022
    (NEXSTAR) – As the conversation around federal student loan relief continues, some parents are wondering if the loans they have taken out on behalf ...
    Read More
  • Debt repayment

    Second mortgage: Loans soar as Britons struggle to pay off debt | Mortgages

    By Paula Torr
    July 23, 2022
    It may come as no surprise with the raging cost of living crisis, but a growing number of homeowners are opting to afford a ...
    Read More
  • Payday lending

    BREAKING: GOP Senate candidate Ted Budd sided with payday lenders as he took their PAC donations

    By Paula Torr
    July 22, 2022
    A new report published today reveals that Ted Budd “repeatedly sided with payday lendersand in return they “repeatedly filled his campaign coffers.” Despite North ...
    Read More
  • Lending

    M&T Bank Corporation – Consensus indicates 20.6% upside potential

    By Paula Torr
    July 22, 2022
    M&T Banking Corporation found using ticker (MTB) now have 19 analysts covering the stock. Analyst consensus points to a buy rating. The target price ...
    Read More
  • Debt relief

    Clear principles are needed for a debt relief program: The DONG-A ILBO

    By Paula Torr
    July 21, 2022
    The presidential office announced on Tuesday that the debt relief program that halves interest payments for young debtors by up to half is “not ...
    Read More
  • Debt repayment

    How do personal loans work?

    By Paula Torr
    July 21, 2022
    How to apply for a personal loan If you get a personal loan for yourself, you will need to apply for a loan and ...
    Read More
  • Credit scores

    UAE: Paying electricity and water bills late will affect credit scores – News

    By Paula Torr
    July 21, 2022
    Reports currently also consider monthly salary, check clearance rate Published: Thu 21 Jul 2022, 11:43 Al Etihad Credit Bureau (AECB) has added utility billing ...
    Read More
  • Payday lending

    Advocates call for restrictions on ‘predatory’ payday loans | Local News

    By Paula Torr
    July 21, 2022
    MANKATO — Advocates for local nonprofits are considering asking the Mankato City Council to impose interest rate caps on what they call “predatory” payday ...
    Read More
  • Debt relief

    The world is unprepared for a wave of sovereign debt defaults

    By Paula Torr
    July 20, 2022
    The World Bank is not often inclined to make definite prophesies of doom instead of wringing its hands and talking vaguely about risk. So ...
    Read More
  • Debt repayment

    Stocks as collateral for loans: are they an option?

    By Paula Torr
    July 19, 2022
    Chainarong Prasertthai/Getty Images/iStockphoto Accessing money to finance a business can be difficult for many reasons. Yet those who own high-value, publicly funded stocks may ...
    Read More
  • Credit scores

    State Bank of Vietnam considering online loan facility | Company

    By Paula Torr
    July 19, 2022
    Illustrative photo However, although it is still at the project stage, it could still face difficulties in opening the doors to electronic lending if ...
    Read More
  • Lending

    Comerica Bank acquires 4,942 shares of Synchrony Financial (NYSE:SYF)

    By Paula Torr
    July 18, 2022
    Comerica Bank increased its stake in the shares of Synchrony Financial (NYSE: SYF – Get a rating) by 4.3% in the first quarter, according ...
    Read More
  • Payday lending

    BNPL service to change in Australia

    By Paula Torr
    July 18, 2022
    Companies that buy now and pay later have been on a roller coaster since taking office at the start of the pandemic. After quickly ...
    Read More
  • Debt relief

    Cypriot parliament suspends seizures | eKathimerini.com

    By Paula Torr
    July 18, 2022
    The Cypriot parliament has passed a bill suspending seizures until the end of October. Finance Minister Constantinos Petrides expressed disappointment with the move, saying ...
    Read More
  • Debt repayment

    IMF chief describes Sri Lanka as ‘warning sign’ for countries with high debt and limited policy space

    By Paula Torr
    July 17, 2022
    NNA | Updated: Jul 17, 2022 11:30 PM STI bali [Indonesia]July 17 (ANI): Highlighting ongoing political unrest in Sri Lanka, International Monetary Fund Managing ...
    Read More
  • Credit scores

    Medical debt will now disappear from your credit report once paid off

    By Paula Torr
    July 17, 2022
    Image source: Getty Images Until recently, medical debt, even debt that has been paid off, could stay on a consumer’s credit file for years. ...
    Read More
  • Payday lending

    Attorney General candidate Jen Jordan makes stopover in Albany | New

    By Paula Torr
    July 16, 2022
    Country the United States of AmericaUS Virgin IslandsU.S. Minor Outlying IslandsCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ...
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  • Lending

    Salisbury Bancorp, Inc. (NASDAQ:SAL) Short Interest Up 89.2% in June

    By Paula Torr
    July 16, 2022
    Salisbury Bancorp, Inc. (NASDAQ: SAL – Get a rating) benefited from a sharp rise in short-term interest rates in June. As of June 30, ...
    Read More
  • Debt relief

    47 companies authorized to import 73,000 tons of rice

    By Paula Torr
    July 16, 2022
    The government has given the green light to 47 companies to import 73,000 tons of rice as part of its continued efforts to contain ...
    Read More
  • Debt repayment

    Chart of the month: Does student debt influence career choices?

    By Paula Torr
    July 16, 2022
    School debt continues to rise. In 2021, the average debt-ridden vet school graduate owed $186,430 in student loans, up 17% from 2011 when adjusted ...
    Read More
  • Credit scores

    What affects mortgage interest rates when buying a home?

    By Paula Torr
    July 15, 2022
    Once people have decided to buy a home, they want to know what interest rate they can expect on a mortgage. After all, buying ...
    Read More
  • Lending

    ALPIB Dividend announcement $0.1800/share 07/14/2022

    By Paula Torr
    July 14, 2022
    Cl B Com/Alpine Banks of Colorado (OTCBB:ALPIB) declared on 07/14/2022 a dividend of $0.1800 per share payable on August 01, 2022 to shareholders of ...
    Read More
  • Debt relief

    Keiser University and Lincoln Tech oppose debt relief for broke and ripped off students

    By Paula Torr
    July 14, 2022
    Three chains of career colleges with disturbing track records have become the first institutions to oppose a landmark legal settlement that would offer some ...
    Read More
  • Debt repayment

    Government of Kerala Provides Funds to KSRTC to Assist in Loan Repayment | Thiruvananthapuram

    By Paula Torr
    July 14, 2022
    Thiruvananthapuram: The Kerala government is providing funds to the indebted KSRTC for the repayment of loans it has taken out and would consider the ...
    Read More
  • Credit scores

    KarmaLife’s Digital Karma Provides Financial Services to Underserved Workers

    By Paula Torr
    July 14, 2022
    In 2017, when Rohit Rathi was looking for a house near his new office and negotiating the security deposit, he was surprised at how ...
    Read More
  • Lending

    Shares of First Foundation Inc. (NASDAQ:FFWM) acquired by Assenagon Asset Management SA

    By Paula Torr
    July 13, 2022
    Assenagon Asset Management SA increased its equity stake in First Foundation Inc. (NASDAQ: FFWM – Get a rating) by 257.7% in Q1, according to ...
    Read More
  • Debt relief

    Urgent multilateral action crucial to tackle growing climate emergency and global food crisis, Secretary-General tells Group of 20 Foreign Ministers meeting – World

    By Paula Torr
    July 12, 2022
    SG/SM/21369 Here is the message of United Nations Secretary-General António Guterres to the Group of 20 Foreign Ministers (G20) on strengthening multilateralism, in Bali, ...
    Read More
  • Debt repayment

    PureGold closes $6 million loan and progresses turnaround plan

    By Paula Torr
    July 12, 2022
    Canadian gold miner PureGold has entered into an additional $6 million credit facility with Sprott Resource Lending as part of several agreements reached with ...
    Read More
  • Credit scores

    Over-borrowing, a trap to avoid in personal finance

    By Paula Torr
    July 12, 2022
    We certainly live in uncertain and unpredictable times. Apart from the pandemic, the war in Ukraine and the floods, there is now a debt ...
    Read More
  • Payday lending

    Online Payday Loans – Cover Emergency Expenses Online – CryptoMode

    By Paula Torr
    July 11, 2022
    Where can you get money for emergency expenses? How can you do it? These are the questions most frequently asked by Americans in financial ...
    Read More
  • Lending

    African countries are three times more indebted to Western companies than to Chinese lenders

    By Paula Torr
    July 11, 2022
    The revelations challenged the long-held narrative/belief that many African countries are more indebted to the Chinese. Recall that this is the same excuse that ...
    Read More
  • Debt relief

    IMF’s Georgieva warns of ‘complacency’ over global debt problems

    By Paula Torr
    July 11, 2022
    July 10 (Reuters) – IMF Managing Director Kristalina Georgieva is pushing China and other Group of 20 economies to accelerate debt relief for a ...
    Read More
  • Debt repayment

    Sri Lankan protesters hold a mock Cabinet meeting at the Presidential House

    By Paula Torr
    July 10, 2022
    COLOMBO: Anti-government protesters occupying the residence of Sri Lankan President Gotabaya Rajapaksa here on Sunday staged a simulation Cabinet meeting and “IMF talks” to ...
    Read More
  • Credit scores

    Economic fallout from abortion bans will hit the poor hardest

    By Paula Torr
    July 10, 2022
    Abortion bans in the United States will put pressure on economically vulnerable women who are already struggling due to high inflation and recession fears, ...
    Read More
  • Lending

    Georgia Democratic gubernatorial candidate Stacey Abrams has raised $22 million in the past 2 months – surpassing GOP Governor Brian Kemp

    By Paula Torr
    July 9, 2022
    Georgia Democratic gubernatorial candidate Stacey Abrams raised more than $22 million in May and June, catapulting her to a huge financial lead over her ...
    Read More
  • Debt relief

    Finance ministers and central bank governors ask IMF and WB for debt relief

    By Paula Torr
    July 9, 2022
    comprehensive and substantial”, debt relief for Africa. The request, which was contained in what African finance ministers and central bank governors billed as the ...
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  • Debt repayment

    Pakistan repays $9.436 billion in debt service in nine months – Latest News – The Nation

    By Paula Torr
    July 9, 2022
    ISLAMABAD – Pakistan has massively repaid $9.436 billion in debt service from external government borrowings in the first nine months (July to March) ...
    Read More
  • Credit scores

    What to know about insurance ratings

    By Paula Torr
    July 8, 2022
    Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need ...
    Read More
  • Payday lending

    Online cash advance: what is it and what are the alternatives

    By Paula Torr
    July 7, 2022
    Whether your account is low or your credit cards are depleted, an online cash advance could be a convenient option to secure funds quickly. ...
    Read More
  • Lending

    Kuwait’s economy on the road to recovery; KD 2.5 billion loans granted in 5 months – ARAB TIMES

    By Paula Torr
    July 7, 2022
    WhatsApp Facebook Twitter E-mail Messenger This post has been read 3801 times! KUWAIT CITY, July 7: Credit extended by the Kuwaiti banking sector continued ...
    Read More
  • Debt relief

    France cannot face the inflation crisis with more debt – central bank

    By Paula Torr
    July 7, 2022
    PARIS, July 7 (Reuters) – The French state cannot afford to bear the economic fallout from the Ukraine crisis on its own, the governor ...
    Read More
  • Debt repayment

    Huge $900 billion debt – China’s once-profitable high-speed railways are now heading for a trillion-dollar disaster

    By Paula Torr
    July 7, 2022
    China’s long-distance high-speed rail (HSR) is hailed as the cornerstone of its initiatives to revive the country’s economy affected by the coronavirus. The government’s ...
    Read More
  • Payday lending

    US Bank Personal Loan Review

    By Paula Torr
    July 5, 2022
    Main advantages Loans as small as $1,000 If you’re hit with a small emergency, like a broken water heater, a larger loan could leave ...
    Read More
  • Lending

    De-stigmatizing debt at work

    By Paula Torr
    July 5, 2022
    US consumer debt continues to climb with no end in sight, average US household owe more than $155,000 — an increase of more than ...
    Read More
  • Debt relief

    Stalled debt relief for black farmers could mean the ‘next wave’ of land loss

    By Paula Torr
    July 5, 2022
    Legislation signed into law by President Joe Biden in the spring of 2021 was supposed to provide debt relief for socially disadvantaged farmers. Just ...
    Read More
  • Debt repayment

    South Korea’s June inflation hits 24-year high, sparking expectations of a big rate hike

    By Paula Torr
    July 5, 2022
    A picture shows workers installing scaffolding under the Bank of Korea logo at its headquarters in Seoul on January 14, 2022. South Korea’s June ...
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  • Credit scores

    Credit bureau Centrix finds growing numbers of people defaulting on debt and construction liquidations on the rise

    By Paula Torr
    July 4, 2022
    The number of people missing consumer debt payments rose for the third straight month in May, with the number of people in arrears rising ...
    Read More
  • Debt relief

    Temporary Student Loan Forgiveness Ends Soon: Are You Eligible?

    By Paula Torr
    July 3, 2022
    Addy Bink, Nexstar Media Wire Job : Jul 3, 2022 / 11:04 a.m. CDT | Updated: Jul 3, 2022 / 11:04 a.m. CDT Could ...
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  • Lending

    Opportun Completes $400 Million – GuruFocus.com

    By Paula Torr
    July 3, 2022
    SAN CARLOS, Calif., May 24, 2022 (GLOBE NEWSWIRE) — Oportun (OPRT), a mission-driven fintech and digital banking platform, today announced the issuance of $400 ...
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  • Debt repayment

    Cabinet relaxes rules for reimbursement of tax debt due to coronavirus

    By Paula Torr
    July 3, 2022
    The Cabinet wants to show some leniency towards “essentially sound companies” which are still struggling to repay a tax debt they have accumulated during ...
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  • Credit scores

    Data-as-a-Service: a new frontier for credit decision-making

    By Paula Torr
    July 2, 2022
    The fintech industry in the Philippines has steadily grown due to technological advancements and improved internet penetration in the country. Studies indicate that Internet ...
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  • Payday lending

    More UK households are turning to high-cost lenders, charity says | Borrowing & debt

    By Paula Torr
    July 2, 2022
    Struggling British households are increasingly turning to high-cost lenders as the cost of living crisis prevents them from paying their bills, anti-poverty charities have ...
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  • Payday lending

    A Day in the Life of BMTX’s CEO and Founder, and Using Payroll Data to Unlock Opportunities for Banks and Fintechs – Tearsheet

    By Paula Torr
    July 1, 2022
    Tearsheet provides daily summaries of top news and events, like this article, in a nifty, neat, and well-packaged daily email. Stay informed. Subscribe here. ...
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