Saving Investment – Q Ax Sat, 18 Sep 2021 07:17:37 +0000 en-US hourly 1 Saving Investment – Q Ax 32 32 financial situation, try to get one that will help you, currently there really is a quantity Sat, 18 Sep 2021 02:51:50 +0000 financial situation, try to get one that will help you, currently there really is a quantity

Let me be clear on Payday Advances and Zero Funding Assessments

Cyberspace unsecured debt financing is considered to be the fast growing loan options that women and men using accounts definitely need to come up with. Despite the use of people who are many, the country drops in individual bankruptcies and foreclosures of home investment real estate assets, the payday loan continues to be ideal below just to help. For this reason, whenever we introduce security into a global financial situation, you should find one that will help you, as there really are a lot of possibilities for your needs.

Most people find it hard to see this economy without a credit score. You will find what can be posted to make your overall credit score work, but no credit rating rating is provided by other people, make sure these people are willing to give. The main advantage is that you are likely to have little money from what the credit gets.

To know what improvement money is experienced, you get the rate which will definitely be generally useful, you have to know how fast you profit from the money. Normally you will afford to get. At other times, you might have to shell out increasing levels of fascination, but only get the cash you might need within a time frame that might be limited.

The home or home mortgage loan displays the latest debts and credit score to determine how much money this will indicate if someone is helping with financing advancement without a credit reliability assessment. The interest expense is just not the issue which is only the expense concern, in fact certainly one of those in particular. You can make you have to think about wanting to bring unsecured financing to a business, it will not check your credit rating if you yourself have a good credit score but demand the money afterwards.

You need to look for creditors who can return money without checking your credit score or providing a mark that is certainly destructive. But, you need to know what a financial payday company intends to do before trying to find this type of financing. It will allow you to identify whether or not it is recommended to take these funds from the company’s store.

The purpose of the salary needs men and women available, which happens to be dollars, it’s quick.

The goal of payday is to give men and women easy finances. Really it is considered to be in short term emergency income needs as well as dabei which turn out to be really repeating you resources that you appreciate within one. Generally legal advance payday loans while the basis of beds for those functional a lack of verification of obtaining financing is really because you will be using dollars that you will get exactly the same to you, despite this the interest is enough. big.

You will be charged from two hundred dollars to two thousand dollars, depending on the monthly interest if you want to get a payday loan without a credit check. Since salary funding requires someone to prove that you might find yourself in a high demand for money, you need to prove that you are done and that you are generally used up. Since these bonds are usually required for lending companies, you will need to get a home loan from everyone first.

There are many other productions among these loans looking for someone to express proof function and start receiving credit referrals, but payday debt without asset valuation is quick and easy. It is important to provide your own subject, the amount of cultural shields, the concept in your, a check or purchase stub as well as bank accounts so that a person needs the specific number of jingling coins. If it is filled out by someone and sends it to the loan company, it goes to mobile and validates the top destinations provided and finds the money placed for you personally.

These transfer bills certainly can’t think of getting any approaches to the money given to you. Visitors find that the loan options have a very reasonable desire since they actually could. Never the money you will need, you have to know what you are really doing if you want the finances to end up getting the real way which is the best to get the money.

We recognize that payday advances are not the answer once you have a credit rating that is undoubtedly affordable after that. Try to stop the capital of exactly what with an economic commitment for a while as they might cause a person to get an adverse credit report and get yours. It is better that they are sure than regrettable.

The most practical method to make sure that you are likely to get the maximum benefits contract which is a successful salary without consumer credit score assessment is to go online to review numerous services. that will help an individual. You may receive a significantly better deal and will almost certainly be quickly wandered off without having to focus on the need to reap the profits.

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Crypto investors pledge their assets for home loans and cars Fri, 17 Sep 2021 14:31:14 +0000

Crypto investors are pledging their digital assets to buy homes, cars and more in crypto by guaranteeing loans through crypto exchanges or crypto lending platforms which are fast becoming the new craze in cryptoverse.

Cryptocurrencies such as Bitcoin and Ether are used as loan collateral by investors who pledge part of their crypto assets as collateral for the money they borrow.

Lenders accept deposits in the form of cryptocurrencies, which earn higher than average interest rates. Crypto deposits are used to fund loans to borrowers who repay them over time.

Cryptocurrency lenders are taking an approach similar to traditional banks, but unlike banks, which are regulated by the government and are required to have deposit reserves to protect them from bad debt, crypto lenders are not regulated to the same standards.

Cryptocurrency-backed borrowers retain ownership of the assets they promise to the lender while repaying the loan. However, they risk losing a significant amount of their collateral if they fail to repay, as one would with a secured loan like a car loan or mortgage.

These new loans come in many forms. Borrowers can get dollars or other traditional currencies, or stablecoins – any cryptocurrency designed to have a relatively stable price – depending on the lender.

Some people go for crypto loans because they don’t want to use their crypto assets soon, aka hodl.

“The idea is to turn some of your digital assets into real profits so you can’t lose them” says Antoni Trentchev, co-founder and managing partner of crypto lender Nexo Capital Inc.

Listen to GHOGH with Jamarlin martin | Episode 74: Jamarlin Martin Jamarlin returns for a new season of the GHOGH podcast to discuss Bitcoin, Bubbles, and Biden. He talks about the risk factors for Bitcoin as an investment asset, including origin risk, speculative market structure, regulation, and environment. Are the financial markets at large in a massive speculative bubble?

Other people consider taking crypto loans because of the benefits they offer, such as low interest rates, quick funding, choice of loan currency, and no credit check. Crypto lending platforms rarely check the credit history of borrowers when they apply for a loan, which makes it attractive to people with a bad credit history.

Some lenders will ask their borrowers to get a loan with non-custodial crypto. These are assets held in a digital wallet that is not linked to an exchange. However, most lenders require borrowers to maintain their digital assets with the platform to be eligible.

Crypto loans are largely affected by margin calls, which occur when the value of the collateral falls below a certain threshold. When this happens, the lender requires the lender to increase their crypto holdings to maintain the loan.

Sometimes the lender may sell some of the crypto assets to reduce the borrower’s fees. loan to value ratio – the ratio between the amount of the loan and the value of the guarantee assessed by the lender. The likelihood of this happening is high due to the short-term volatility of cryptocurrencies.

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]]> 0 Lower Mortgage Loans: Some loan rates are actually getting cheaper. But for how long ? Thu, 16 Sep 2021 11:00:00 +0000

Welcome to Mortgage Rundown, a quick look at what’s happening in Canada’s mortgage rate landscape from a mortgage strategist Robert mclister.

Where are these higher rates?

Fixed mortgage rates were now supposed to be higher. The popular rhetoric was that a recovery-driven recovery would increase bond yields and mortgage costs by this fall. If you’re wondering why this hasn’t happened yet, blame it on the wave – the fourth wave of COVID.

But chances are the higher rates aren’t derailed, they’re just delayed. Expectations of average core inflation are influencing interest rates, and average core inflation has just climbed – again. The latest data shows it is up to 2.57% thanks to the biggest supply disruption in decades. Economists say it is near a high, but if it exceeds 2.73% it will be a 30-year high.

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It’s not the inflation we need to worry about today, however. It’s inflation in a year or two that will determine how much you have to pay to borrow. Indeed, bond yields – a leading indicator of mortgage rates – anticipate price increases. Yields always jump ahead if inflation looks threatening.

Here’s what that means in English: If you’re hoping today’s mortgage rates don’t rise further, you’re hoping the five-year Canadian bond yield stays below its peak of 1.07% in March.

But we also have to be real. As the recovery takes hold, rates should eventually rise – despite the Bank of Canada’s mantra that above-target inflation is “transient.”

Liberal Housing Commitment: What Makes No Sense, What Makes Sense and What Canadians Really Need

Mortgage rates are falling

As Canada waits for a sustained recovery that never seems to happen, banks are getting slightly more generous with their mortgage rates. The lowest five-year discretionary fixed rates have fallen 0.05 percentage points in recent weeks, to 2.09% or less.

“Discretionary Rates” are unannounced bank rates available to qualified borrowers, usually after some negotiation.

In contrast, the lowest discretionary variable rates are around 1.29%, which is prime minus 1.16%.

That initial 0.8 percentage point saving over five-year fixed rates is terribly tempting, especially if you believe that rising prices and rates will weigh on over-indebted consumers and slow the economy. If that happens, the variable rate hike could be limited to four or five rate hikes, which is exactly what the bond market is predicting for the next three years.

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Lowest mortgage rates announced nationwide

Term Insured Not insured
1 year fixed 2.09% 2.19%
2 years fixed 1.74% 1.74%
3 years fixed 1.87% 1.87%
4 years fixed 1.99% 1.99%
5 years fixed 1.99% 2.14%
7 years fixed 2.64% 2.64%
10 years fixed 2.74% 2.74%
variable over 5 years 0.99% 1.34%
HELOC N / A 2.35%


In the attached table, insured rates apply to those who buy with less than 20% down payment or to those who transfer a pre-existing insured mortgage to a new lender. Uninsured mortgage rates apply to all other owner-occupied finance for qualified borrowers.

Fix or float?

If the above scenario comes true and the overnight rate in Canada peaks at around 1.5%, the math is clear. Variable mortgages are the winners based on rate simulations. According to Bloomberg data, they will earn based on the projected interest costs over five years and they will earn penalties. Variable rate prepayment penalties are generally less expensive than fixed term penalties.

But assumptions rarely go as planned. Much could change before the second half of next year, when the Bank of Canada plans its first rate hike. Take the example of the inflation expectations of Canadian businesses. Currently, these expectations are the highest on record. If they get worse, the risk of rate hikes increases, especially if we get: consumption.

If this worries you, and it probably should if you’re less financially resilient, then five-year fixed rates of 1.99% or less are still a historic good deal, especially if you choose a fair penalty lender.

New switching option

Bank of Nova Scotia is killing big bank competitors with its “eHOME” online mortgage. It has the easiest app, free valuations, and the best bank rates I’ve seen on the web.

Note: You need to log in to purchase its tariffs, but no credit check is required, unlike other intrusive banking apps.

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Now, after two years, Scotiabank has opened eHOME to people transferring a mortgage from another lender. And as of this writing, his uninsured switch rate is 1.99% for uninsured five-year fixed rate mortgages, plus $ 500 cash back for switch fees. By comparison, the lowest five-year fixed rate reported by other major banks is 2.34%.

To switch to Scotiabank using eHome, you must be creditworthy, have 20% or more equity (i.e. 80% of the loan value or less) and the mortgage must relate to a house occupied by its owner. Unlike most banks, you can do it all online. The only in-person visit is when you sign the closing documents. If you need help, you can call or text your dedicated mortgage advisor, who doesn’t get paid on a commission like most mortgage specialists.

However, eHOME is not for everyone. On the one hand, you can only get an incidental mortgage, which some don’t like due to the additional transfer fees at maturity. (An incidental mortgage allows you to re-borrow without having to hire a lawyer to re-register the mortgage.) Second, the big banks – including Scotiabank – have potentially worse interest rate differential penalties than the major banks. other lenders. This is a serious factor if you go for a fixed solution and then cancel the mortgage early.

Robert McLister is a mortgage writer at DOTCA RATE. You can follow him on Twitter at @RobMcLister.

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How Afterpay becomes the king of “buy now, pay later” services Tue, 14 Sep 2021 15:30:25 +0000

Buy now, pay later: that sounds too good to be true.

Still, Nick Molnar, co-founder and co-CEO of Afterpay, has built an entire business around layaway financing – no credit checks, no interest, and no fees.

Anyone with a bank account in the US, UK, Australia, New Zealand, and Canada can use Afterpay to buy anything (and as much) from partner stores on the platform. Payments are divided into four installments, with an upfront payment due at the time of purchase and the remaining portions due over a six-week period. Think of Afterpay as a credit card service with none of the downsides.

After witnessing the setbacks of the 2008 financial crisis – and seeing many consumers (especially millennials) shift away from credit cards as a result – Molnar wanted to create a platform that made shopping more accessible while remaining fiscally responsible. “[The founders of Afterpay] decided early on that we never wanted our consumers to go into debt, ”said Molnar Grab in an interview. “We keep the interests of our consumers at heart. “

Nick molnarAfter payment

Molnar grew up in retail, with his family in the jewelry industry and later his own online jewelry business, based in his college room. “Growing up in retail gave me insight into business dynamics,” he says, noting that this dynamic changed after the 2008 financial crisis sparked a global wave of budget anxiety. Much like a phoenix, Afterpay was born out of the protest and tragedy that surrounded the economic crash, Molnar says.

“Our vision about justice and financial freedom is something that we are concentrated everyday.

Brainstorm with his neighbor, Anthony Isen – who lived opposite Molnar’s parents in Australia – Molnar started his layaway business in 2014, later securing a first round of investment in 2015. Afterpay went public at the Australian stock exchange the following year, he said, adding that “from that point on, [the company] scaled up pretty quickly.

A new way to shop

toondelamour / E + / Getty Images

Buy Now, Pay Later platforms have now grown into an industry of their own: Klarna, Affirm, and Zip some of the options available, while existing companies like PayPal have created their own layaway services and bought others. As one of the first platforms available, Afterpay has partnered with Millennial and Gen Z brands like Urban Outfitters, Sephora, Target, Foot Locker, REVOLVE, Bed Bath & Beyond and Following. Yet with the growing number of layaway services available – and the growing number of users – any store may soon offer an option to buy now, pay later.

Molnar is hoping that kind of growth will occur, especially as Afterpay will also expand from online shopping to in-store purchases. “The gap between income and prices is only widening,” he said, referring to the economic divide that many buyers, especially teenagers, are experiencing. “Our vision of fairness and financial freedom is something we focus on every day. Currently, Afterpay has a total of 20 million users in the United States alone, with an average consumer age of 33. Gen Z is the fastest growing layaway service consumer base, according to the company.

As Afterpay becomes available in stores, its accessibility factor will also bring shoppers to physical locations, which have seen a significant drop in foot traffic during the pandemic. The layaway service “compliments” retail stores, says Molnar, offering direct-to-consumer services like dressing rooms and vendors as well as feasible payment methods.

Drew Angerer / Getty Images News / Getty Images

Afterpay’s accessibility guarantees its retail partner more business, according to Molnar – but with trends increasingly rapid thanks to social media, such access can become unsustainable. Young consumers, influenced by Instagram and TikTok, buy fashions that last for weeks or even days; Afterpay makes these trendy pieces available. The endless and perhaps too accessible cycle encourages customers to overconsume.

” We dont do credit checks, and U.S never represent charge interest. ”

“We don’t do credit checks and we never advocate charging interest,” says Molnar, saying these user-friendly features also prevent consumers from abusing Afterpay. “The moment someone is late on a payment in installments,” he says, “he cannot continue to transact until he has paid.” By operating unlike a finance or credit card company, Afterpay minimizes losses while protecting consumers, Molnar adds.


NYFW Afterpay ConfigurationAfter payment

Most recently, Molnar’s inclusive layaway service made an appearance at one of the most exclusive gatherings in the world: New York Fashion Week. A series of live races and interactive events gave consumers the chance to purchase new collections (and pay later), style freshly launched pieces, and celebrate the accessibility of fashion.

On TikTok, Afterpay devotees joked about how the platform would provide even more opportunities, saying they could soon use the layaway to buy a mansion next to Kylie Jenner’s. At this, Molnar laughs, saying he likes the idea; Maybe Afterpay will expand to the real estate market as well. As of yet, there are no plans to do so – but for Molnar, nothing is out of the question.

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Limitless Tire Saves Customers 12 Months of Payments with No Credit Check Financing Fri, 10 Sep 2021 20:56:07 +0000

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Toronto, Ontario – (Newsfile Corp. – September 10, 2021) – Limitless Tire offers rim and tire financing anywhere in Ontario without any credit checks or down payments. Now you can get tires, custom wheels, full car wraps, lowering / raising vehicle suspensions and more without having to worry about it affecting your credit score. Low credit scores, new credit scores and bankruptcy are no longer a problem.

“Unfortunately, this industry thrives by taking advantage of the customer,” said Faisal Mohammad, vice president of operations at Limitless Tire. “We’re here to change that. We’ve partnered with several financial institutions to make sure customers receive the lowest monthly payment options.” Limitless Tire is one of the largest wheel and tire retailers in Canada and has been endorsed by several well-known Canadian personalities including Superfan Nav Bhatia, Drake OVOROXX’s personal trainer, rapper / philanthropist Kardinal Offishall and personality from the morning talk show Azalea Hart.

Limitless Tire has always offered options to customers that are not available in the mass market. They continue to follow this model by further exploring and creating options that will make it easier for consumers to purchase automotive products, including tires and rims. For this reason, Limitless Tire is also growing rapidly with the opening of several locations each year since 2018.

Automakers produce millions of cars every year, and many people want to make their vehicle unique and different by modifying and changing the vehicle as they see fit. Unfortunately, it is not within the capacity of every person to be able to afford these changes. Limitless Tire makes it all possible by offering unique financing services that make it easy for customers to make their dreams come true without having to worry about breaking the bank.

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About Limitless Tires:

With over 10 years in business and over 40,000 satisfied customers, Limitless Tire has become one of the most popular names in the wheel and tire industry. Our staff have extensive experience in tires and wheels, which makes problem solving very easy and helps customers meet even the most unique requests.

For more information, please visit

Contact :
Safer Qureshi
VP Investor Relations

To view the source version of this press release, please visit

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Get your hands on a PS5 as UK retailers FINALLY restock Fri, 27 Aug 2021 09:28:43 +0000

When Sony released the long-awaited PlayStation 5 in November of last year, avid gamers scrambled to get their hands on the console. But pre-orders quickly sold out and PS5 fans were stuck in long lines online, only to find that there were no more PS5s in stock.

To date, new inventory has been difficult to come by as Sony grapples with supply issues, a global semiconductor shortage and, of course, a global pandemic. That’s why it’s such big news when UK retailers restock, especially with a slew of new PS5 games expected in the coming months.

Jim Ryan, CEO of Sony, told the Financial Times: “The pace of supply chain improvement will accelerate throughout the year. By the time we come to the second half of [2021], you’re going to see some really decent numbers.

In August alone, 15 UK retailers released inventory, with an influx of units available including Game, John Lewis & Partners, Smyths Toys, Very, Asda, Amazon, ShopTo and Argos.

  • Very
  • Argos
  • To analyse
  • Game
  • Smyths Toys
  • Amazon
  • ShopTo
  • John Lewis & Associates
  • Asda
  • Currys PC World
  • Tesco
  • BT
  • EE
  • As Studio

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Recent PS5 restocking drops

Over the past few weeks, retailers have abandoned inventory, sometimes more than once. Recently, we saw Game join the resupply race with six drops in one week. Meanwhile, Currys posted on their website saying, “Want to bring home a brand new PS5 today? We currently have a bunch of PlayStation 5 disc packs in some stores.

“And to make it fair for everyone, we’re limiting ourselves to one PS5 per person. Plus, don’t forget to ask in store for our flexible PlayStation trade-in and credit offers.”

Unfortunately, there aren’t specific details on how to order just yet, but it’s important to remember that these units will only be available in specific stores, so check the full list here to avoid disappointment when rushing to your local store.

Earlier in the week, Amazon should have experienced a drop in PS5 stocks as well, but this has yet to be confirmed.

How to order a PS5

If you’re desperate to get your hands on a PlayStation 5, you’ll need to be diligent and pay close attention to news sites and dedicated accounts like @ PS5StockAlertUK on Twitter. Powered by @StockCheckerUK, this is one of the fastest and most trusted sources of PS5 drop stocks in the UK.

Did you manage to get your hands on a PS5? Let us know how you got it on Twitter.

And make sure you have the best broadband for the ultimate gaming experience, especially if you go for the PS5 digital edition. You don’t want to download games with a weak internet connection because it will take longer to get started.

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Low cost internet for the elderly Mon, 23 Aug 2021 20:44:00 +0000

These days, it’s not easy to get people to agree on anything. If I said the water is wet I’m sure you could find 3 out of 10 people to say I’m crazy – “Everyone knows the water is dry!” And you would definitely get a wide variety of opinions if you asked if the internet is good or bad. But what cannot be denied is the importance of being connected to the Internet.

According to surveys conducted by the Pew Research Center, 75% of people aged 65 and over use the Internet, and 64% of seniors use their broadband connection at home to do so. These numbers have steadily increased over the past decade, and they have become even more pronounced during the COVID-19 pandemic, as in-person gatherings have been avoided for FaceTime, Zoom, and other tools. video chat.

The need to be online is acute, but all too often the price to pay for being online can be high – and a particular problem if you’re a fixed income retiree. How to find a cheap internet for seniors? We’re glad you asked. Here are some ideas.

If you qualify for government assistance, you could save hundreds of dollars on the Internet from home each year.

Sarah Tew / CNET

Start with some useful government programs

Unlike your local restaurant, Internet service providers do not really offer discounts for seniors. There are certainly some ISP-specific offers worth exploring (and we’ll talk about them in a moment), but your best bet is to take advantage of federal programs first. Two come to mind: one has been in existence since 1985 and the other is a temporary policy that has just been put in place in 2021.

You should start your research with Safety rope, a program that has been around for decades and can help eligible customers with their phone or internet bills. While not specifically aimed at seniors, many of its qualifiers – including participation in Medicaid, Supplemental Security Income, and Veteran’s Pension and Survivor Benefits – apply to seniors. . Lifeline also aims to help low-income households, so retirees with particularly tight fixed incomes, including those on Federal Public Housing Assistance or those using the Supplemental Nutrition Assistance Program, could also to participate.

What do you get if you qualify? Seniors can get up to $ 9.25 per month on their Internet bill for a total of $ 111 per year on the cost of being connected at home.

Best of all, once you’re eligible for Lifeline, you’re also eligible for the government’s newest broadband emergency allowance, a grant program from the Federal Communications Commission. Again, this is not aimed specifically at the elderly, but those eligible for Lifeline assistance may also qualify for this temporary benefit, which offers a monthly rebate on the cost of broadband service as long as the funds remain. federals last. Provisions of the last infrastructure bill would make the benefit permanent, so if that language makes it to the president’s office, you might consider reliable delivery for the foreseeable future.

What’s interesting is that you can use EBB funds for the ISP specific programs we list below and you might find that this fully covers the cost of your monthly internet bill! Another option is to use the EBB to help pay for a faster plan to help you stream your favorite TV shows better or get a better connection on those video chats with family.

Finally, let me give you a word of caution: beware of “bargain” pages on some ISP sites. Many are just glorified advertisements masquerading as helpful advice. Instead of showing you legitimate discounts or showing you special offers, they try to sell you faster plans. Use your best judgment when shopping.

Best Internet offers and discounts for seniors

Ry Crist / CNET

If you receive SSI benefits in California or participate in SNAP in any of the 21 states in the AT&T service area, you are eligible for this program, which offers download speeds of up to 25 megabits per second for 5 to $ 10 per month. You won’t have to deal with setup fees, contracts or deposits. In addition, until December 31, AT&T waives all data overage charges.

Read our review of AT&T’s Home Internet.


This program includes eligibility for individuals 65 years of age and older who receive SSI and U.S. Army Veterans receiving state or federal assistance. The contract-free internet plan offers download speeds of up to 30 Mbps for $ 15 per month. It also includes a low cost installation, unlimited data, and a free modem / router combo.

Read our Optimum Home Internet review.

Ry Crist / CNET

This affordable internet plan costs $ 10 per month and offers download speeds of up to 25 Mbps. No contract or credit check is required. While not exclusively for seniors, it is open to eligible low-income households and SSI participants. In addition, RCN offers the first 60 days for free.

Learn more about the best cable Internet options.

Increase broadband


Sparklight offers help to low-income families and seniors. It will make its 15 Mbps plan available for $ 10 per month for the first three months of service. This will be in effect until December.

Read our Sparklight Home Internet review.

Ry Crist / CNET

People aged 65 and over benefiting from the SSI are eligible for this aid scheme. It offers download speeds of up to 30 Mbps for $ 15 per month and includes a free modem, no data limit, and no contracts.

Read our Spectrum Home Internet review.

Smith / Gado / Getty Images Collection

Ry Crist / CNET

If you’re a senior, participating in Medicaid or SSI, or receiving a VA pension, you may be eligible for this Internet plan, which offers download speeds of up to 50 Mbps for $ 10 per month. No credit check is required, and attendees also get free access to Xfinity Wi-Fi hotspots. Finally, until December 31, new eligible customers will receive 60 days of free service.

Read our Xfinity Home Internet review.

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4 ways businesses can avoid loan scams and predatory lenders Thu, 19 Aug 2021 11:16:34 +0000 “Approval of the secured loan; receive funds within 24 hours. “No credit check; interest rate from 0%; only low administrative fees …

“Approval of the secured loan; receive funds within 24 hours. “No credit check; interest rate from 0%; only a low administrative fee is required. These statements may sound good enough to a small business owner who is in desperate need of capital.

But, as the old saying goes, “If something sounds too good to be true, it probably is,” says Carolina Martinez, CEO of CAMEO, the statewide microenterprise network. from California. Just because it’s the most common attractive solution you hear doesn’t mean it’s the right solution, she says.

Many small businesses are still recovering from the financial impact of the COVID-19 pandemic, and with the end of the paycheck protection program and bank loan approvals below 20%, scammers and predatory lenders take the opportunity to settle on companies that are looking for financing.

Protect yourself from potential bad actors and find legitimate capital for your business with these four tips.


Speed ​​isn’t always better when looking for business financing. “Beware of quick selling,” says Tom McHale, president of Pursuit, a community lender operating in New Jersey, New York and Pennsylvania.

While some online lenders are great at being quick, predatory lenders can rush you through the loan process to push you into an expensive product without fully understanding the terms.

“You’re going to pay much higher rates and fees for this money than for traditional financing which might take a little longer,” says McHale.

He recommends that businesses look for lenders that allow them to speak directly to a representative – rather than just a bot or live chat – so you can ask questions and understand the terms and conditions of the loan.

And if a lender is unwilling to show you the terms and rates of the loan up front, that’s a red flag.


“Don’t pay money up front to be able to get a loan,” says Frank LaMonaca, president of the Southeastern Connecticut chapter of SCORE, a network of volunteer mentors that supports small businesses across the board. country. “You should never have to do this.”

A reputable online lender will not charge any fees unless you are approved for a loan. If a lender wants money just to watch your claim, that’s a dead giveaway, says La Monaca.

“No one should ask you $ 2,500 to apply for a loan. You should be able to apply for free, ”he says.

Likewise, don’t trust emails that appear to come from government agencies asking for personal information like your social security number, requesting an upfront payment, or guaranteeing loan approval. The US Small Business Administration recommends being on the lookout for these phishing scams, as well as other types of grant and loan frauds, especially those related to COVID-19 relief aid.


Businesses may have more financing options than they realize.

Understand your power in the market, says LaMonaca. There are a variety of loan programs to choose from, including those aimed at specific types of businesses, such as women-owned businesses, minority-owned businesses, and veteran-owned businesses.

Community development financial institutions known as CDFI, nonprofit lenders, and reliable online financial services companies can offer loans at affordable rates and on competitive terms, even for new or new businesses. who cannot claim bank financing.

Some of these lenders, like CDFIs, can help businesses burdened with predatory loans refinance into better products, Martinez says.

You can search for local CDFIs on the SBA website, as well as through organizations such as Opportunity Finance Network, the national association of CDFIs. Reading reviews and referring to resources like the Small Business Borrower Bill of Rights can also help you find reliable lenders online.


If you’re unsure of how to find the right financing for your business, or want to make sure you’re not signing a bad deal, turn to the experts. You can work with an accountant, lawyer, or other financial expert to help you through the process and even to review your loan application and agreement.

The majority of CDFIs come with a comprehensive support ecosystem to help small businesses assess their financial position, business models and strategies, as well as access capital, says Martinez.

In addition, organizations such as SCORE and the Small Business Development Centers administered by the SBA provide free business advisory services. You can search their websites to find experts in your area to work with your business and browse for additional online resources.

LaMonaca emphasizes the importance of building a team and nurturing relationships to help you run your business – the best business owners don’t go it alone. “The best have great people around them,” he says.


This article was provided to The Associated Press by the NerdWallet personal finance website. Randa Kriss is a writer at NerdWallet. Email:


NerdWallet: How to apply for an SME loan in 4 steps SBA programs scams and fraud alerts

Small Business Borrower Bill of Rights

Copyright © 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

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Analysis: Afghan Taliban have influential friend in China | Tom Roeder | Military Wed, 18 Aug 2021 19:14:45 +0000

The Taliban overthrew Afghanistan’s elected government on Monday. On Tuesday, armed Taliban leaders who assaulted cameras in the presidential palace in Kabul received warm greetings from Beijing.

Welcome to Belt and Road, China’s open foreign policy that traps the Third World. And Afghanistan, which shares a 50-mile border with China, is now a perfect target.

“The facts have proven once again that the military intervention of certain countries against a sovereign state in the name of democracy and human rights has seriously undermined the sovereignty and territorial integrity of the country concerned,” causing serious damage to its economic and social development and leading to massive civilian casualties. victims and displacement, “Chinese Foreign Ministry spokesman Zhao Lijian sang Tuesday.” These countries should immediately end illegal military interventions and make concrete efforts to safeguard world peace and security and promote and protect human rights. “

By hugging the Taliban, China is once again opening the world’s largest pawnshop. Impoverished countries like Afghanistan can put natural resources as collateral for infrastructure, no credit checks or human rights studies are required.

Lamborn calls on the Pentagon and intelligence agencies for the

Iran’s brutal regimes in Venezuela are getting economic growth, which helps them cling to power. China first gains bushels of influence, isolating Chinese President Xi Jinping who is viewed with suspicion by the West and in the capitals of Asian democracies.

As politics unfold, China gains unrestricted access to oil, mineral wealth, and other natural resources, and widely open markets for its industrial production.

In Congo, Belt and Road brought China 10.6 million tonnes of copper and 600,000 tonnes of cobalt.

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Zimbabwe pledged platinum. Kenya has established its coffee harvest and ceded title to the ports of Nairobi and Mombassa. Iran has pledged crude oil and natural gas.

Dictatorships often face economic problems. China is a friendly lender. Can’t pay? China will keep the pledged goods.

Afghanistan has a lot to do with it. A Pentagon study found it to have more than $ 1 trillion in untapped mineral wealth, including one of the richest lithium deposits on the planet. A key material in the production of batteries for everything from cellphones to Tesla automobiles, lithium trades at $ 7 a pound, nearly 90 times the price of iron ore.

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And Afghanistan offers much more to China than mineral wealth. Influence over the influential Taliban could help Beijing take control of Islamic militants in its far western provinces.

China has used the concentration camps and the power of the police to suppress Muslims, most of the Uyghur minority group, being looked down upon by the United Nations and Western powers. But China has remained in contact with the Taliban, prompting allegations that Beijing has helped militants thwart US efforts in Afghanistan.

If the Taliban said a good word, however, militancy could ebb. At the Ministry of Foreign Affairs in Beijing, Zhao Lijian is already smiling.

“China’s position on the Afghan issue is clear and consistent,” he said. “We hope that Afghanistan can form an open, inclusive and broadly representative government that echoes the widely shared aspirations of its own people and the international community.

Contact Tom Roeder: 636-0240

Twitter: @xroederx

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How will Brexit affect broadband? Thu, 11 Mar 2021 05:24:32 +0000

With the UK set to leave the EU by the end of January, we’re looking at how that will affect broadband.

Monday, January 6, 2020

What is Brexit?

I laugh. British citizens, EU citizens, people with internet access all over the world are fed up with this deadly contraction. Over the past 3 years ‘Brexit’ has been an abstract boredom and constant companion for everyone. Maybe once it’s done, we’ll miss it? Probably not.

Why could this affect broadband?

UK telecommunications are part of the EU’s ‘Communications Regulatory Framework’ (RFC). Part of the RFC’s mandate is to ensure that there is healthy competition among ISPs. It is about keeping prices relatively low for consumers and avoiding monopolies. It is unclear whether the UK will adopt the EU framework after Brexit.

However, Ofcom has made a huge contribution within the framework of the EU. It would therefore be reasonable to assume that Ofcom will continue to apply the framework. Ofcom’s recent emphasis on “fairness to customers,” so it appears consumers will remain immune to hostile regulations.

Without needing to negotiate with 27 countries, the post-Brexit freedom to make quick regulatory decisions could be beneficial. The UK could adjust the regulations and make them more specific to the UK telecommunications landscape. For example, they could tighten price regulation for broadband providers, which could mean a fairer deal for customers. With Ofcom’s recent focus on fairness to consumers, all signs point to positive changes for consumers.

Agree or disagree?

However, in terms of infrastructure, there could be negative effects for rural citizens. The London School of Economics conducted research on the possibility of a no-deal Brexit in 2018. Research has shown that rural areas may receive less money for advice following a no-deal Brexit. This would affect the amount available for FTTP upgrade programs. These programs are part of the government’s high-profile commitment to full fiber coverage by 2025.

Other potential effects of a no-deal are the lack of skilled workers. This could affect the number of engineers available for telecommunications. There is also the fact that a lot of equipment or materials used in telecommunications come from the EU. If a trade deal isn’t locked in, costs could skyrocket and availability could be an issue.

Less investment.

A major concern is the general reduction in investment in the UK. While investment in UK technology has reached an all-time high this year, a number of EU funding streams will be halted. For example, in 2018, the investment arm of the EU cut funding for British start-ups. This deprives new technology companies of a key source of support and will have repercussions in the future.

If new tech companies fail to get started, consumers will be at the mercy of the monopoly. This applies to all industries, but especially ISPs. Less choice almost always means less value for consumers.

Even three weeks before the Brexit deadline, no deal is yet set in stone. Crossed fingers!

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