Lender Offers – Win Win Lose http://winwinlose.net/ Thu, 24 Nov 2022 03:12:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://winwinlose.net/wp-content/uploads/2021/06/icon-9.png Lender Offers – Win Win Lose http://winwinlose.net/ 32 32 SaaS startup Taktile raises $20 million to expand its services https://winwinlose.net/saas-startup-taktile-raises-20-million-to-expand-its-services/ Thu, 24 Nov 2022 00:06:53 +0000 https://winwinlose.net/saas-startup-taktile-raises-20-million-to-expand-its-services/ Software as a Service (SaaS) startup Tactile has raised $20 million in Series A funding to expand its platform that helps insurance companies, lenders and others in the financial industry make automated decisions. The company will use the new capital to further develop its product’s capabilities and accelerate its expansion in the United States, Taktile […]]]>

Software as a Service (SaaS) startup Tactile has raised $20 million in Series A funding to expand its platform that helps insurance companies, lenders and others in the financial industry make automated decisions.

The company will use the new capital to further develop its product’s capabilities and accelerate its expansion in the United States, Taktile said Wednesday (Nov. 23) in a press release.

“Today, too many companies rely on automated decisions that they rarely review, leading them to overlook critical risks, reacting too late to market changes and leaving money on the table,” Taktile co-founder and CEO Maik Taro Wehmeyer said in the publication. “By enabling companies to quickly, easily and data-drivenly adapt their decision-making processes, we help them optimize decision-making accuracy, reduce risk and significantly improve their margins.”

Tactile enables organizations to create, run, and evaluate automated decision flows—without having to write complex code—and use them for tasks like determining which customers to extend credit to or the price to offer new customers , according to the press release.

Beyond the financial industry, the platform can be used by any company employing complex, automated decision-making, the press release states.

Founded in 2020, the startup has tripled its revenue in the past 12 months and quadrupled its customer base since lockdowns were lifted, the press release said.

A representative from one of the companies that led the funding round, index ventures partner Carlos Gonzales Cadenassaid in the press release: “Tactile’s platform fills a gaping void in the FinTech stack by unlocking risk teams and allowing them to rapidly build, test and evolve their risk models and rules without relying heavily on engineering.” .”

In related news, two-thirds of companies are currently upgrading their systems or planning to do so within the next 12 months automate routine accounts payable (AP) procedures in accordance with “ERP solutions in B2B payment transactions”, a PYMNTS and American Express Cooperation.

How consumers pay online with saved credentials
Convenience is prompting some consumers to store their payment information with merchants, while concerns about security are causing other customers to pause. For How We Pay Digitally: Stored Credentials Edition, a collaboration with Amazon Web Services, PYMNTS surveyed 2,102 US consumers to analyze the consumer dilemma and how merchants can overcome resistance.

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PNC Bank: Home Equity Review 2022 https://winwinlose.net/pnc-bank-home-equity-review-2022/ Mon, 21 Nov 2022 14:00:14 +0000 https://winwinlose.net/pnc-bank-home-equity-review-2022/ PNC Bank has been in business for more than 160 years, providing personal and commercial banking services to more than 12 million customers. The Pittsburgh-based financial institution is the sixth largest bank in the US. Its retail banking services include personal banking at its 2,500 branches, ATMs, on-line and mobile banking options. PNC bank Bank […]]]>

PNC Bank has been in business for more than 160 years, providing personal and commercial banking services to more than 12 million customers. The Pittsburgh-based financial institution is the sixth largest bank in the US. Its retail banking services include personal banking at its 2,500 branches, ATMs, on-line and mobile banking options.

PNC bank

Bank branches are located throughout the United States, Mid-Atlantic, Midwest, Southeast and Southwest. Home equity line of credit from PNC, or HELOCis available to real estate owners in all but six states: Alaska, Hawaii, Louisiana, Mississippi, Nevada and South Dakota.

PNC provides one HELOC, its Choice Home Equity Line of Credit, or CHELOC, but it offers two interest rate options: variable and fixed rates. The fixed rate option allows you to set a fixed rate on all or a portion of your floating rate balance during the drawing period, according to PNC.

PNC Bank: At a glance

Types of Loans Offered

Choice Home Equity Line of Credit

APR range

Not listed, call 833-353-0111 for current pricing

loan amounts

$5,000 to $2 million

Credit Requirements

N / A

Refund Policy

Ages 5 to 30 (Ages 5 to 20 in Tennessee)

Average time for approval

N / A

CHELOC by PNC is best suited for homeowners suffering from a HELOC and who reside in any of the 44 Eligible States that PNC serves.

what we like

  • Autopay rate reduction: If you set up automated payments from a PNC checking account during closing, you can receive a 0.25% interest reduction on your CHELOC.
  • No hidden fees: PNC doesn’t make customers fret about ambiguous charges. It promises to clearly disclose all fees for its CHELOC.
  • Services are easily accessible: PNC offers many customer service options, from digital and mobile banking to automated 24/7 phone support. If you prefer traditional methods of getting support, call the customer service team or visit any of PNC’s 2,500 locations.

What we don’t like

  • No Home Loan Option: PNC only offers bank customers its CHELOC, with no option a home loan.
  • Details are not clear to potential borrowers: While PNC’s home equity website offers general requirements for its CHELOC, it doesn’t provide specific details that consumers expect. PNC customers have to do more legwork to research details like maximum loan amount, specific interest rates, and detailed qualifying factors.
  • Not all states are eligible: Homeowners in most states are eligible for a PNC CHELOC. However, property owners in Alaska, Hawaii, Louisiana, Mississippi, Nevada and South Dakota are not eligible to apply.

Home loan options

You can use PNC’s CHELOC to get credits as low as $5,000 or as high as $2 million. And you only pay interest on the amount borrowed.

Most state PNC services allow you to rent up to 89.9% of your home’s market value. However, in Connecticut, Kansas, Minnesota, Massachusetts and Tennessee, the maximum rate drops to 85%. In the following states, the maximum rate drops to 80%: Arkansas, Colorado, Iowa, Idaho, Maine, Montana, North Dakota, Nebraska, New Hampshire, Oklahoma, Oregon. Rhode Island, Texas, Utah, Vermont, Washington and Wyoming.

PNC offers low interest rates on its CHELOC and you can switch from an adjustable rate to a fixed rate line of credit. CHELOC accounts at PNC all start with a floating rate, but when interest rates get low you have the option to lock in a fixed rate on any floating rate balance of $5,000 or more simply by paying a $100 transfer fee .

fees

While PNC promises no surprises or hidden fees, it does charge an annual fee of $50 on the anniversary of your account opening.

The only other fee you may have to pay is to use the fixed rate option. You will be charged a $100 referral fee each time you use the fixed rate option on your HELOC account. However, this fee does not apply if you specify the fixed interest rate when concluding the contract.

How to qualify

While PNC does not disclose specific requirements to qualify for its CHELOC, it does provide general criteria. The lender wants to make sure you have the income and budget to manage the amount of credit you are applying for.

PNC will examine a few factors. First it will look at your credit history by determining yours credit-worthiness and the value of your property and appraise it to ensure it is accurate. Finally, PNC verifies your income, employment, and ownership of the property. After the assessment, a decision will be made as to whether you qualify for the CHELOC.

Started

The application process for a CHELOC is fairly simple. You can apply online, by telephone or in a branch. PNC advertises that the application process usually takes about 15 minutes.

When applying, be prepared to provide some basic information about yourself, your financial history, and your property. Information to provide includes social security number, date of birth, contact information — phone number, email, property address — and the estimated real estate value of your home. You should also expect to provide documents such as payslips and tax records.

Once you have submitted your application, the bank will verify your details. Once approved, a PNC loan processor will contact you and guide you through the closing process.

Customer service

Current PNC customers can call 800-822-5626 with questions about home ownership. The automated service is available at the same phone number. To speak to a representative, call Monday through Friday between 4:00 a.m. and 10:00 p.m. PT or Saturday and Sunday between 5:00 a.m. and 2:00 p.m. PT.

You can also contact customer service via PNCs Twitter account. Representatives are available Monday through Sunday from 3:00 a.m. to 9:00 p.m. PT.

If you are not a PNC customer but still have questions, please contact a local office by phone or in person. You can also look at those Home loan help portal Visit PNC’s website for answers to frequently asked questions and tools to assist you with home equity information.

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Lending in Illinois vs. Missouri calls for a look at the loans that have not been processed https://winwinlose.net/lending-in-illinois-vs-missouri-calls-for-a-look-at-the-loans-that-have-not-been-processed/ Wed, 16 Nov 2022 19:00:00 +0000 https://winwinlose.net/lending-in-illinois-vs-missouri-calls-for-a-look-at-the-loans-that-have-not-been-processed/ When it comes to public policy, it is always wise to look beyond the visible impact. Specifically what is does not happen as a result of what superficially might read as helpful policy? Questions like these logically come to mind after the interest rate caps introduced by the state of Illinois in 2021. To protect […]]]>

When it comes to public policy, it is always wise to look beyond the visible impact. Specifically what is does not happen as a result of what superficially might read as helpful policy?

Questions like these logically come to mind after the interest rate caps introduced by the state of Illinois in 2021. To protect the poorest from paying nosebleed interest on unsecured cash advances, lawmakers passed legislation that put a 36% cap on the interest rate that could be charged on these loans.

On the surface, some might conclude that state legislatures have done the people good. Interest costs can add up, and the fact that they can add up is particularly distressing for the poor. A majority of Illinois residents supported the legislation, but their support arguably signaled a failure to look beyond the visible effects of price controls. Thankfully, economists J. Brandon Bolen (Mississippi College), Gregory Elliehausen (Board of Governors, Fed) and Thomas Miller (Mississippi State) have decided to dig a little deeper into the underbelly of what may be well-intentioned policy.

They set out to document the impact on subprime and deep-subprime borrowers with parallel tracking of lending in the finite state of Illinois versus the state of Missouri, a non-confinement neighbor, and as such “a reasonable counterfactual.” While assuming that “any price cap” would lead to shortages, the researchers tracked lending in neighboring states for four consecutive quarters to see if theory aligned with reality.

In the front, the theory did justice to reality. The imposition of the cap resulted in reduced lending in Illinois, particularly to deep subprime borrowers. At the same time, proponents of interest rate caps would no doubt find statistical evidence in research that at least “visibly” supports the caps.

First, Bolen et al. found that the average size of small-dollar loans in Illinois actually increased 37% after capitalization. This fact is not negligible given the initial suspicion that credit crunch would be the result of interest rate caps. At the same time, what isn’t being ignored urges readers not to be ignored either, potentially glossing over a significant increase in lending.

In fact, money is not just borrowed. All lenders incur administrative costs associated with screening potential borrowers. The researchers had to take this into account while considering the increase in loan size, just for the latter to make sense after the introduction of the interest rate cap. Bolen, Elliehausen, and Miller concluded that the documented increase in average loan size “consistent with the notion that larger loan size is required to make small loans profitable at a maximum rate of 36 percent.”

Stop and think about what this means, at least in theory, for subprime and deep subprime borrowers. It signals that the riskiest of them will not rate loans in a constrained environment, while lower-risk borrowers will receive larger loans. Ok, but does the theory agree with reality again? It turns out it does.

As loan size increased, Bolen et al. notes that the cap “reduced the number of loans to subprime borrowers by 30 percent.” Regarding Black and Hispanic borrowers, the economists found that 60 percent of Black borrowers and over 70 percent of Hispanics looking for a small-dollar loan later “were unable to borrow money when they needed it.” In other words, lending increased overall, albeit to a narrower group of borrowers.

To which proponents of the law might reply that Illinois lending has still increased, according to the study, challenging the overarching theory. And the questions wouldn’t just be about loan size. The researchers also found that Illinois credit growth increased 14 percent in the four quarters after the cap was introduced. 14 percent of his face may flash at first sight; that is, until we bring Missouri capless into the discussion. The Show Me state provides context.

Notably, credit growth was again 14 percent in Illinois, but 26 percent in Missouri. If we make the logical assumption that credit growth reflected economic growth, unsecured lending in rate-constrained Illinois lagged what was taking place in neighboring Missouri. And while lending that doesn’t happen is the proverbial invisible, it does stand out. Bolen, Elliehausen and Miller calculate that 19,176 loans that otherwise would have been granted without the interest rate cap were unissued.

Instead, as noted earlier, larger loans were made to fewer borrowers. In Illinois, the average unsecured loan size for the four quarters following the cap was $8,317, representing a 33% increase in loan size ($2,072). Compare that to Missouri, where the average loan size was $5,093, with an average increase of about 10%, or $478.

All of this supports the initial assumptions made by Bolen et al. They suspected that the rate caps would create congestion just for them to arise. In her words, “the imposition of the interest rate cap in Illinois restricted access to credit for high-risk borrowers.” And it did, as evidenced by a slower acceleration in loan growth coupled with significant increases in loan size to reflect the churn of high-risk borrowers.

All of this is a reminder of how crucial the invisible is in politics. Translated to Illinois was arguably the most devastating aspect of its rate cap, which was not in response.

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A closer look at Sam Bankman-Frieds Alameda Research and Caroline Ellison, CEO in her twenties https://winwinlose.net/a-closer-look-at-sam-bankman-frieds-alameda-research-and-caroline-ellison-ceo-in-her-twenties/ Sun, 13 Nov 2022 17:30:00 +0000 https://winwinlose.net/a-closer-look-at-sam-bankman-frieds-alameda-research-and-caroline-ellison-ceo-in-her-twenties/ The close ties between crypto exchange FTX and affiliated trading firm Alameda Research were well known across the industry, investors and industry executives said wealth. Alameda was a quantitative trading company founded in 2017 by Sam Bankman-Fried. Known for aggressive trading strategies, the company offered crypto trading across all markets and was led by CEO […]]]>

The close ties between crypto exchange FTX and affiliated trading firm Alameda Research were well known across the industry, investors and industry executives said wealth.

Alameda was a quantitative trading company founded in 2017 by Sam Bankman-Fried. Known for aggressive trading strategies, the company offered crypto trading across all markets and was led by CEO Caroline Ellison. In 2019, FTX spun off from Alameda and was backed by some of the biggest names in venture world including Tiger Global, SoftBank and Sequoia Capital. The exchange was valued at $32 billion in January, which is notable given that venture funding rounds were starting to decline at this point. FTX had about 1 million users and employed about 300 people, including US and international ones, a spokesman said Thursday.

Bankman-Fried, who owned a majority of FTX and Alameda, was a media star for much of 2022, appearing frequently on CNBC and Bloomberg and on the cover of wealth. The 30-year-old billionaire also became known as a crypto lender of last resort and bailout BlockFi and Voyager Digital to borrow money.

Who is Caroline Ellison?

In comparison, not much is known about Caroline Ellison, who hails from Boston, is the 20-year-old daughter of economists and received her math degree from Stanford University in 2016. ellison, in a podcast recorded when she was a retailer at Alameda (she became CEO in July 2021), spoke of her childhood love for Harry Potter. (She could not be reached for comment on this story.)

Her lack of experience was evident. Ellison said she had no intention of becoming a trader and didn’t know what to do with her life: “What do math students do? Guess I’ll apply for some internships at some trading firms, let’s see how that goes.” In September 2016, she got a job at Jane Street, a quant trading firm that Bankman-Fried also worked at after she completed two internships. Less than two years later, Ellison joined Alameda in March 2018 after meeting Bankman-Fried, who had just founded the company. “I decided it was too cool an opportunity to pass up,” she said at the time.

Ellison made the switch from trading stocks on Jane Street to crypto at Alameda, according to the two-year-old podcast. Her year and a half trading experience was actually more than many Alameda peers, but she also admitted that it took “a lot of adjustments,” with the “most obvious big thing being that stock markets are a lot more efficient than crypto markets.” Her new role required Ellison to hold capital in different wallets on 20 different exchanges, and she said she was concerned about “the likelihood of my money being stolen”. Ellison was used to making limited decisions, but after joining a small startup with a few people, she realized that “there are a bunch of decisions that have to be made and someone has to make all of them, a lot of which are really uncertain. ”

“Everyone in crypto knew”

Rumors of Alameda’s bankruptcy began circulating earlier this year after Terra’s LUNA, an algorithmic stablecoin, cryptobank Celsius, and Three Arrows Capital, the hedge fund, each failed, said Cory Klippsten, founder and CEO of Swan Bitcoin, a financial services firm Company. Klippsten is not an investor in FTX or Alameda, but has posted several tweets critical of Bankman-Fried and FTX since March.

FTX made loans to Alameda using funds customers deposited on the exchange for trading, according to The Wall Street Journal reported Thursday. Alameda currently owes FTX about $10 billion, which accounts for more than half of FTX’s $16 billion in client assets, the story says. Ellison said in a video meeting with FTX employees last week that she, Bankman-Fried and two other FTX executives were aware of the decision to send client funds to Alameda. This was announced by the WSJ. FTX declined to comment.

“There was no Great Wall of China between FTX and Alameda,” said Klippsten, who saw the balance sheet, which showed Alameda had more than $5.82 billion worth of FTT tokens, accounting for 40% of its total assets. The $5.82 billion included $3.66 billion that was “locked up” or totally illiquid, Klippsten explained. “Created out of thin air by FTX, these FTT tokens are extremely illiquid and inherently worthless.”

CoinDesk’s coverage of the balance sheet caused a bank run. FTX began to implode early last week after seeing about $5 billion in customer withdrawals. But FTX only had liquidity to fund 80% of it at 1.7x leverage, Bankman-Fried said in a tweet. On Wednesday rival Binance pulled out of plans to buy FTX. Two days later, FTX, Alameda Research and about 130 related companies submitted for Chapter 11 Bankruptcy protection in Delaware on Friday. Bankman-Fried stepped down as CEO while Ellison also appears to be out of a job.

It is not immediately clear which of the portfolio companies are affected by the bankruptcy. FTX and FTX US, the VC arm FTX Ventures and Alameda did more than 200 investments, wealth reported. Alameda has completed 184 deals, including investments in Solana and Stocktwits, while FTX Ventures’ 48 deals include SkyBridge Capital and Dave. FTX has 21 investments including Circle and Liquid Global.

“Everyone in crypto knew it [FTX and Alameda] were married at the hip. Anyone could see that,” said one FTX investor, who asked not to be identified wealth.

‘FTX/Alameda’

A private equity manager who declined to invest in FTX because its valuation made no sense noted that order flow payment (PFOF) is not typically used by crypto trading firms. This differs from stocks, where online brokers like Robinhood Markets aggregate trades from their partners and route them to market makers like Citadel Securities, Susquehanna International Group and Wolverine Holdings and charge a fee. pursuant to a regulatory filing dated November 3, 10Q. The process allows online brokers to offer to consumers ‘free’ trading but sometimes at a ‘cost’ for not getting the best price. regulators such as the Securities and Exchange Commission scrutinized the use of PFOF by online brokers due to potential conflicts of interest.

But firms trading crypto generally do not use PFOF. “It’s a spread or commission business,” notes Dan Dolev, a senior fintech equity research analyst at Mizuho Securities USA. For example, instead of PFOF, Kraken charges client trades fees calculated as a percentage of the listing’s trading currency volume, a spokeswoman said. coin base also does not use PFOF but charges commission for trading. But Robinhood champions the use of PFOF in crypto, claiming that it sends orders to trading venues offers competitive prices.

Alameda acted as a market maker and without PFOF may have had preferential access to FTX trades or other preferential access to FTX, the private equity executive said wealth. This could have included better visibility of what customers are doing. “Without PFOF in [crypto] The industry wonders about the market maker relationship with exchanges, and people have always wondered about the FTX/Alameda relationship, especially since it was co-owned by Sam,” the manager said. Could Alameda have seen orders piling up on FTX to sell a coin, allowing them to take that information and push the trades? “It’s definitely possible they had better access to see what’s happening,” the manager said. (No one at Alameda could be reached for comment and the website has been taken offline.)

Interestingly, at least in hindsight, this relationship was one of the reasons why some investors said they thought FTX was unlikely. “They had one of the biggest backstops – a super profitable crypto exchange linked to the #1 crypto trader,” said the investor. With the implosion of FTX, this investor’s once multi-million dollar stake was wiped out.

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Global Embedded Credit Market | Business and Investment Opportunities | Main Actors: Parafin, Kanmon, Lendflow, Vaya, Sivo, Jaris, https://winwinlose.net/global-embedded-credit-market-business-and-investment-opportunities-main-actors-parafin-kanmon-lendflow-vaya-sivo-jaris/ Thu, 10 Nov 2022 04:39:28 +0000 https://winwinlose.net/global-embedded-credit-market-business-and-investment-opportunities-main-actors-parafin-kanmon-lendflow-vaya-sivo-jaris/ The latest research report from 2030 Insights, called ‘Global Embedded Credit Market – Forecast to 2030’, contains a comprehensive overview of the current and future trends of the global embedded lending market. The study includes an in-depth analysis of this business segment, focusing on the overall reward of the market over the projected timeframe. Global […]]]>

The latest research report from 2030 Insights, called ‘Global Embedded Credit Market – Forecast to 2030’, contains a comprehensive overview of the current and future trends of the global embedded lending market. The study includes an in-depth analysis of this business segment, focusing on the overall reward of the market over the projected timeframe.

Global Embedded Lending Market Research Report provides key insights related to the current growth dynamics along with the key revenue generation elements available in Embedded Lending Industry along with various other factors during the forecast period 2022-2030. The Embedded Loan Market report focuses on a number of parameters including top manufacturing strategies, industry share, prime opportunities, industry channel, profit margin, etc. The research study of the global Embedded Loan market is likely to reveal the significant developments in the regions like the United States, Europe, Asia Pacific and China.

Request a sample copy of the report here @ https://www.stratagemmarketinsights.com/sample/135453

Market leader:

The constant efforts of prominent players to develop newer and modern technologies and product improvements are expected to drive the growth of the industry in the years to come. The report examines the extensive business expansion plans and advances in R&D activities and product portfolio. The report provides a clear understanding of the alliances in the market such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

Competitive Outlook:

The global embedded loans market is highly consolidated due to the presence of a large number of companies in this industry. These companies are known for investing heavily in research and development projects. They also control a significant part of the overall market share, thus limiting the entry of new players into the sector.

Some of the major players in this industry are:

❖ Paraffin
❖ Kanmon
❖ Credit Flow
❖ Vaja
❖Sivo
❖ Jaris
❖ Pleasure
❖ Qwil
❖ Symmetric.ai
❖ Railsbank technology
❖ Cardless
❖ Witack
❖ Earn
❖ Migo money
❖ Solution
❖ Vartana
❖ Hokodo Services

Embedded Loans Market Breakdown by Type:

❖ Embedded Business Loans
❖ Embedded payslips
❖ Embedded Credit Card

Embedded Loans Market Breakdown by Application:

❖ Consumer Goods
❖ Digital Products and Services
❖ Health and Wellbeing

For more information or questions or customizations prior to purchase, visit: https://www.stratagemmarketinsights.com/quiry/135453

Regional Analysis For Embedded Loans Market:

• North America (USA, Canada)
• Europe (UK, Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, rest of APAC)
• Latin America (Chile, Brazil, Argentina, rest of Latin America)
• Middle East and Africa (Saudi Arabia, UAE, South Africa, Rest of MEA)

Embedded Loans market insights will improve the revenue impact of companies across various verticals:

✔ To provide a framework tailored for understanding the attractiveness quotient of different products/solutions/technology in the embedded lending market
✔ Leading the stakeholders in identifying the key problem areas related to their consolidation strategies in the global embedded credit market and offering solutions
✔ Assess the impact of changing regulatory dynamics in the regions where companies are looking to expand their presence
✔ Provides an understanding of disruptive technology trends to help organizations make a smooth transition
✔ Helping leading companies realign their strategy ahead of their peers and rivals
✔ Provides insights into promising growth for top players who want to maintain their leadership position in the embedded lending market and supply-side analysis.

Table of Contents

Global Embedded Loans Market Research Report 2022 – 2030

Chapter 1 Overview of Embedded Lending Market
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price History by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industry Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Dealers
Chapter 11 Analysis of Market Effect Factors
Chapter 12 Global Embedded Loans Market Forecast

Lightning Deal!! Discount Up to 70% on direct purchase This premium research report @ https://www.stratagemmarketinsights.com/promobuy/135453

✤ Get in touch with us:

Lord Shah
Stratagem market insights
1001 4th Ave, #3200
Seattle, WA 98154
Tel: USA +1 415 871 0703 / JAPAN +81-50-5539-1737
E-mail: [email protected]

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Interest Rates UK Today: Lenders cut mortgage rates as banks rushed to act https://winwinlose.net/interest-rates-uk-today-lenders-cut-mortgage-rates-as-banks-rushed-to-act/ Fri, 04 Nov 2022 22:08:26 +0000 https://winwinlose.net/interest-rates-uk-today-lenders-cut-mortgage-rates-as-banks-rushed-to-act/ Jeremy Hunt is urging families to balance their books as the bank hikes interest rates Get the free morning headline email for breaking news from our reporters around the world Sign up for our free morning headline email Several major banks have cut mortgage rates after Bank of England Governor Andrew Bailey told lenders that […]]]>

Jeremy Hunt is urging families to balance their books as the bank hikes interest rates

Several major banks have cut mortgage rates after Bank of England Governor Andrew Bailey told lenders that costs “need not rise the way they have done”.

Despite the bank announcing the biggest hike in interest rates in 33 years, lending giant Halifax said it will cut several mortgage rates by as much as 0.24 percent starting next week, with rates now starting below the 6 percent threshold.

Clydesdale Bank, a unit of Virgin Money, has also cut interest rates on its two- and five-year mortgages by up to 0.3 percentage points, which will push some rates down to 5.44 percent. A number of smaller lenders have also lowered rates.

MoneySavingExpert founder Martin Lewis warned that mortgage holders could face a £500 shock as a result of the rise in interest rates and implored policymakers to look for ways to “repair the damage” from the cost of living crisis and recessionary shocks those most vulnerable to mitigate them.

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Hello, we are closing the live blog for tonight, thanks for following us.

Andy GregoryNovember 4, 2022 10:07 p.m

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Welcome to that of the independent blog about the cost of living crisis for Friday 4th November 2022 where we provide the latest updates on the economic situation in the UK in light of the Bank of England interest rate hike.

Namita SinghNov 4, 2022 3:47 am

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Jeremy Hunt ‘considers capital gains surge’ to bridge £50bn abyss

Chancellor Jeremy Hunt is considering raising taxes on the sale of assets like shares and property as he weighs “difficult decisions” to fix a £50billion black hole in public finances.

He’s also considering raising dividend taxes, which would come as a blow to entrepreneurs.

A source close to Mr Hunt confirmed the tax hikes were being considered but said no decisions had been made – stressing that “we are two weeks away from the much-anticipated autumn budget”.

my colleague Andy Gregory Reports:

Namita SinghNov 4, 2022 4:07 am

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Britain faces ‘persistent pain’ as recession could last into 2024, bank says

Poverty activists warn of a “prolonged period of pain” after the Bank of England said Britain is facing its longest recession since records beganstretching well into 2024.

The bank hiked interest rates 0.75 percent to 3 percent on Thursday, leaving homeowners with the biggest single shock to their mortgage bills in more than three decades.

Founder of Money Saving Expert martin lewis states that variable rate mortgage holders can expect an additional £480 a year for every £100,000 of their loan.

Read the details in this joint report Andrew Woodcock and Thomas Kingsley:

Namita SinghNovember 4, 2022 4:32 am

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Customer frequency is faltering in the face of rising prices and tighter wallets

Visitor numbers stumbled on their slow return to pre-pandemic levels as rising prices and tightening wallets meant fewer consumers went to stores, figures show.

Total visitor numbers in the UK fell 11.8 per cent from October three years ago – a comparison to iron out pandemic discrepancies – two percentage points worse than September, according to data British Retail Consortium (BRC)-Sensormatic IQ data.

High Street footfall fell by 11.6 per cent, although this was 0.3 percentage points better than last month and an improvement on the three-month average fall of 11.9 per cent.

Read the details in this report:

Namita SinghNov 4, 2022 4:49 am

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The pound falls after the Bank of England hiked interest rates

That lb has fallen after Bank of England‘s aggressive 0.75 percentage point rate hike and warnings of a recession that could last two years.

Sterling fell 1.4 percent against the US dollar to 1.123 and 0.8 percent against the euro to 1.15.

Namita SinghNovember 4, 2022 5:10 am

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Rates: Starmer warns of ‘Tory premium on mortgages’

Labor leader Sir Keir Starmer said families are now facing “a Tory premium on mortgages”, with the bank’s 0.75 point rise in the base rate to 3 per cent likely to be passed on in the form of more expensive home loans.

As chancellor Jeremy Hunt gave another signal of impending austerity measures in this month’s fall statement, there were warnings from business community not to repeat the mistakes of the early 2010s and cut government investment.

Our political editor Andrew Woodcock has more:

Namita SinghNovember 4, 2022 5:30 am

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Expand free school meals to combat ‘devastating’ impact on cost of living, health experts urge

The availability of free school meals Universal credit must be extended to all children in households to combat the “devastating effects” of the cost-of-living crisis, ministers have been told.

More than 35 health leaders and charities have written to Chancellor Jeremy Hunt and Education Secretary Gillian Keegan calling for an “urgent” expansion of the free school lunch program to “improve children’s nutrition and protect their health.”

Namita SinghNovember 4, 2022 5:50 am

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Editorial: The consequences of a rate hike will be huge for the weak

The consequences of 0.75 percent rate hike will be enormous for those who are exposed to them – especially for the relatively small number of people who are being persecuted mortgages, and those with businesses on tracker loans. Such an increase is likely to add £100 a month to a typical mortgage.

Namita SinghNovember 4, 2022 6:10 am

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ICYMI: UN envoy warns Sunak of ‘disturbing’ austerity measures

Olivier de Schutter, the UN rapporteur on extreme poverty, said he was “extremely concerned” at the prospect of public spending cuts – as the prime minister tries to balance the books after the disastrous mini-budget.

Mr Sunak is believed to be considering a 50-50 split of spending cuts and tax hikes for the November 17 budget as he and the Chancellor Jeremy Hunt address a black hole of up to £50bn.

my colleague adam woods has more:

Namita SinghNov 4, 2022 6:30 am

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I applied for a $1,000 loan. Here’s what happened. https://winwinlose.net/i-applied-for-a-1000-loan-heres-what-happened/ Tue, 01 Nov 2022 22:01:38 +0000 https://winwinlose.net/i-applied-for-a-1000-loan-heres-what-happened/ Disclaimer: This is sponsored content. All opinions and views are those of the advertiser and do not reflect those of WTKR. When my car broke down a few months ago and I needed quick money for repairs, my friend recommended a company to call ZippyLoan. They say you can borrow anywhere from $100 to $15,000 […]]]>

Disclaimer: This is sponsored content. All opinions and views are those of the advertiser and do not reflect those of WTKR.

When my car broke down a few months ago and I needed quick money for repairs, my friend recommended a company to call ZippyLoan.

They say you can borrow anywhere from $100 to $15,000 and have the money in your account by tomorrow, even if you have bad credit.

But are they legit or just another scam?

Read on to find out what happened when I tried ZippyLoan and whether or not you should apply for a loan there as well.

What is ZippyLoan?

If you’ve searched online for a personal loan or payday loan company, you’ve probably heard of ZippyLoan.

It’s a free, no-obligation service to help you match and connect with potential lenders.

If you are looking for quick access to a personal loan through a simple, secure and transparent process, ZippyLoan may be able to help.

Its website states that borrowers can qualify for unsecured personal loans if they only need proof of identity and a regular source of income.

Whether you need a loan for personal or family use, e.g. Whether it’s for a big purchase, renovating your home, consolidating debt, or just covering an unexpected expense, ZippyLoan can help.

How ZippyLoan works

financial project

When you use ZippyLoan, you are not borrowing money directly from the company.

They are not lenders and are not involved in the loan approval process.

Instead, ZippyLoan helps put you in touch with potential lenders who may be able to lend you the money you need.

Here’s a quick look at how ZippyLoan works.

  1. The first step is to fill out an online form. According to ZippyLoan, this takes less than 5 minutes. You can fill out this form 24/7 on a desktop or mobile device, so there’s no queues or waiting.
  2. In the second step, ZippyLoan tries to put you in touch with a lender who will provide you with a non-binding offer. It shares your information with lenders on its platform to see who might be able to help. When you receive an offer and are happy with the loan terms, you can sign a loan agreement via email on the spot and your money will be credited to your bank account the next working day.
  3. The third and final step is paying off your loan. If you take out a payday loan, you can cash it out on your next payday. You can also opt for a personal loan that offers monthly repayments of up to 60 months.

To apply for loans from ZippyLoan lenders, all you need is proof of identity and a regular source of income.

There is no minimum credit rating, so you may be eligible for a loan regardless of your credit history.

This makes ZippyLoan one of the best places to apply for a personal loan if you have a low credit score.

Is the ZippyLoan website safe to use?

Putting your personal information on a website can be daunting, but ZippyLoan is safe and secure.

They are a member of the Online Lenders Alliance (OLA) and are committed to high standards of conduct. If you have any problems, you can call the OLA Consumer Hotline (1-866-299-7585) for assistance.

ZippyLoan OLA.png

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credit checks?

Because ZippyLoan is not a lender, it does not perform credit checks, so your credit score will not be compromised.

When you accept an offer, the lender will tell you whether they will perform a soft or hard credit check before you electronically sign your agreement.

Is it easy to use?

ZippyLoan’s online form is fully mobile-friendly, so you can apply for a personal loan on the go, no matter where you are.

It takes less than 5 minutes to fill out the form and you should start receiving offers from lenders right away.

Fast Approvals?

One of ZippyLoan’s best features is that everything is done online, so you can get approved quickly.

If a lender makes you an offer that you’re happy with, you can sign the contract via email and receive your money the next business day.

Prices and Fees

Network lenders range from $100 to $15,000 and are flexible on interest rates and fees.

The exact terms and conditions offered to you will depend on your personal circumstances and credit rating, but here are some representative examples:

  • Short-term or payday loans are typically fully due in 14 days and range from $10 to $30 for every $100 borrowed.
  • Personal loans can be repaid over 6 to 60 months and have an annual rate (APR) between 7.04% and 35.89%.

In order to give ZippyLoan a fair review, I also wanted to give my opinion on some downsides of using the site.

Disadvantages of ZippyLoan?

Unfortunately, ZippyLoan is not available to residents of New York, the District of Columbia, Oregon, or West Virginia.

And since it’s not a direct lender, it doesn’t promise that you’ll be approved or qualify for a specific interest rate on your loan.

Another thing to remember is that ZippyLoan does not do a credit check when you fill out the form, but any lenders you work with will.

Most lenders do a hard credit check through one of the three major credit reporting agencies, Experian, Equifax, or TransUnion.

This type of review can appear on your credit file and lower your score, so be sure to check with lenders before applying.

My experience with ZippyLoan

When my car broke down and needed repairs, I needed to borrow $1,000 and turned to ZippyLoan for help.

That’s how it went.

  • The application process was super easy and it took me less than 5 minutes to fill in all my details.
  • Within minutes I had loan offers from lenders willing to lend me. The terms of the loans were all in writing and I could see what credit checks they wanted to do before I approved the loan.
  • I chose a lender who offered me a 14-day loan with a fee of $15 per $100. That meant I could borrow $1,000 for two weeks and pay back $1,150, which seemed reasonable to me.
  • After accepting the offer, I had the $1,000 in my account the next day.

I found the whole process very easy and was able to get the money I needed quickly and will use them again if I ever need some emergency money.

If you’re looking for a quick loan to get you out of a tight spot and you’re confident you can pay it back, then I 100% recommend ZippyLoan.

Click here to visit ZippyLoan’s website and apply for the money you need today.

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Phoenix offers wage incentives to solve the bulk garbage problem https://winwinlose.net/phoenix-offers-wage-incentives-to-solve-the-bulk-garbage-problem/ Sun, 30 Oct 2022 11:30:00 +0000 https://winwinlose.net/phoenix-offers-wage-incentives-to-solve-the-bulk-garbage-problem/ INDEPENDENT NEWS MEDIA Phoenix is ​​offering incentives to commercial driver’s license holders to help them deal with garbage collection delays. Beginning Monday, Nov. 28, city employees of all departments who are in the commercial driver position and have valid CDLs will be paid an additional $3 per hour, the city announced. Councilor Carlos Garcia said […]]]>

INDEPENDENT NEWS MEDIA

Phoenix is ​​offering incentives to commercial driver’s license holders to help them deal with garbage collection delays.

Beginning Monday, Nov. 28, city employees of all departments who are in the commercial driver position and have valid CDLs will be paid an additional $3 per hour, the city announced.

Councilor Carlos Garcia said the stimulus is “long overdue” as the city tries to deal with the garbage problem.

“By taking care of our city workers, we can also take care of our residents. We apologize for the inconvenience caused by the garbage collection delays and hope to have better systems in place to communicate with our residents in the future should problems arise.”

The additional $3 is in addition to the $2,500 hiring incentive for new solid waste facility operators and the $3,000 retention bonus for current operators.

The quarterly bulky waste plan 2022 is imminent Delays in pickup of up to several weeks in some areas, largely due to a statewide shortage of CDL operators, city officials said in a news release.

All customers will receive their bulky waste service for the fourth quarter, but the schedule has been updated and begins Monday, November 21, officials said.

In the meantime, the city has announced that there are other disposal options. Private customers can drop off a charge of up to 1 ton per month free of charge at a municipal reloading station.

Anyone making a charge must present their city service bill and matching ID.

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Home equity vs. personal loans: A guide https://winwinlose.net/home-equity-vs-personal-loans-a-guide/ Wed, 26 Oct 2022 21:41:03 +0000 https://winwinlose.net/home-equity-vs-personal-loans-a-guide/ Home Equity Vs. Personal Loan: Questions To Ask To Help You Decide What are your plans? There are many reasons to take out a loan, but what you need the money for can help you decide which loan is better. If you’re considering doing some home renovations, you might be able to deduct the interest […]]]>

Home Equity Vs. Personal Loan: Questions To Ask To Help You Decide

What are your plans?

There are many reasons to take out a loan, but what you need the money for can help you decide which loan is better. If you’re considering doing some home renovations, you might be able to deduct the interest on the loan with a home equity loan.

But if you don’t own a home or want to consolidate your debt, a personal loan may be a better solution for your needs. The timeliness of your plans could also affect which loan is a better fit for you, which we will discuss later.

How is your credit situation?

If you don’t know what your credit report looks like, be sure to check it before deciding on a loan. If you have good to excellent credit, you may qualify for a personal loan and take advantage of lower fees. However, if you have bad credit, a personal loan may not be an option.

If you own your own home and have equity, a home equity loan may be a better choice for you. Keep in mind that if you apply for a home equity loan and you have shaky credit, you may not qualify for better interest rates.

How badly do you need the money?

If the time it takes to get a loan is a major factor, personal loan is the clear winner. The process of a home equity loan involves determining the value of your home, which adds a few extra steps that a personal loan doesn’t require. A home equity loan requires an application, underwriting, and possibly an appraisal before the loan is approved.

So if you are not in a hurry and want to renovate your home in the future, a home equity loan is still a good option. However, if you need money for an emergency, a personal loan is a better option. With a personal loan, it can typically take a few days or a week for the borrower to receive the money, while with a home equity loan, it can take up to a month.

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Matalan’s lenders are preparing to take control of the deal https://winwinlose.net/matalans-lenders-are-preparing-to-take-control-of-the-deal/ Mon, 24 Oct 2022 07:11:20 +0000 https://winwinlose.net/matalans-lenders-are-preparing-to-take-control-of-the-deal/ // Matalan is poised to fall into the hands of lenders after the Friday deadline for bailouts // Matalan founder John Hargreaves tries to regain control of the company Lenders prepare to take control of Matalan, while investors start buying up retail chains amid rising inflation. Bailout bids were filed for the on Friday retailerswho […]]]>
// Matalan is poised to fall into the hands of lenders after the Friday deadline for bailouts
// Matalan founder John Hargreaves tries to regain control of the company

Lenders prepare to take control of Matalan, while investors start buying up retail chains amid rising inflation.

Bailout bids were filed for the on Friday retailerswho last week secured a six-month deadline extension for hers £350 million debt repayment.

Invesco’s credit arm is among a trio of senior bondholders who will decide the fate of the retailer. The Telegraph reported.


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Bids were considered on Friday after a 12pm deadline was extended to allow interested parties to finalize bids.

Matalan founder John Hargreaves is trying to regain control of the company and is set to bid alongside Wall Street fund Elliott Management.

He faces opposition from Sir Michael Hintze’s CQS and Napier Park. They are part of a separate group of hedge funds that have bought into Matalan’s subordinated debt and are looking to take control of the company.

The Flacks Group has also made a bid for Matalan, its chairman said. City sources said Asda, Morrisons and Next had been encouraged by their advisors to make bids for Matalan but had declined to make bids.

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