Lawyer consultation fees – Selagy Law http://selagylaw.com/ Thu, 29 Sep 2022 00:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://selagylaw.com/wp-content/uploads/2021/10/icon-1-120x120.png Lawyer consultation fees – Selagy Law http://selagylaw.com/ 32 32 $520,659 for Family and Small Business Loans: St. Helens Credit Union to Share Funding | New https://selagylaw.com/520659-for-family-and-small-business-loans-st-helens-credit-union-to-share-funding-new/ Thu, 29 Sep 2022 00:00:00 +0000 https://selagylaw.com/520659-for-family-and-small-business-loans-st-helens-credit-union-to-share-funding-new/ Three Oregon credit unions, including InRoads in St. Helens, will receive a total of $520,659 in federal dollars to support small loans to families and businesses. InRoads Credit Union can be reached at 503-397-2376 for more information on federal loan funds for families and small businesses. Metro Creative Connection According to US Senators Jeff Merkley […]]]>

Three Oregon credit unions, including InRoads in St. Helens, will receive a total of $520,659 in federal dollars to support small loans to families and businesses.






InRoads Credit Union can be reached at 503-397-2376 for more information on federal loan funds for families and small businesses.




According to US Senators Jeff Merkley and Ron Wyden, the funding comes from the Community Development Financial Institutions Fund (CDFI Fund) of the United States Department of Treasury under the FY22 program of the Small Dollar Loan (SDL) program.

“Whether it’s a mortgage, a car loan, or a line of credit to start a business, access to credit is crucial to the financial well-being of Oregonians,” Merkley said. “This funding provided to credit unions in St. Helens and Portland will help provide crucial services and support to Oregonians and provide an important alternative to expensive payday loans. I will continue to work hard to ensure that all Americans have access to vital financial services and resources. »

“The essential and manageable financial option that credit unions provide in Oregon communities takes on even greater importance when families and small businesses walk an economic tightrope,” Wyden said. “I am pleased that these credit unions have won this federal investment that helps them generate opportunity in their communities so Oregonians do not turn to exploitative financial services, and I will continue to fight for credit unions across our state are getting similar resources. ”

Through the SDL Program, the CDFI Fund offers loan loss reserve (LLR) premiums to enable CDFIs to establish a loan loss reserve fund to cover the costs of establishing or maintaining a loan loss reserve. a small loan program; and technical assistance (TA) grants to support technology, staffing, and other eligible activities to enable a CDFI to establish and maintain a small loan program.

The laureats :

  • $150,403 to InRoads Credit Union in St. Helens
  • $156,759 to Ironworkers USA Federal Credit Union in Portland
  • $213,497 at Point West Credit Union in Portland
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Predatory payday loan companies and fraudsters thrive amid uneven laws and stolen data, new BBB research finds https://selagylaw.com/predatory-payday-loan-companies-and-fraudsters-thrive-amid-uneven-laws-and-stolen-data-new-bbb-research-finds/ Sat, 24 Sep 2022 13:52:30 +0000 https://selagylaw.com/predatory-payday-loan-companies-and-fraudsters-thrive-amid-uneven-laws-and-stolen-data-new-bbb-research-finds/ As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many have turned to payday loans and other short-term solutions, with an increase in solutions in line. This has not only allowed predatory lenders to thrive – many borrowers still face exorbitant interest rates and opaque fees – but has […]]]>

As consumers lost their jobs and struggled to make ends meet during the COVID-19 pandemic, many have turned to payday loans and other short-term solutions, with an increase in solutions in line. This has not only allowed predatory lenders to thrive – many borrowers still face exorbitant interest rates and opaque fees – but has also created a fertile environment for scam artists, according to a new in-depth study from the Better Business Bureau. (BBB).

Payday loan laws are managed from state to state among the 32 states in which they are available, and a complex web of regulations makes the impact of the industry in the United States and Canada difficult to understand. follow. The BBB study, however, finds a common thread in the triple-digit interest rates that many of these loans carry – camouflaged by interest compounded weekly or monthly, rather than annually, as well as significant rollover fees.

From 2019 to July 2022, BBB received nearly 3,000 customer complaints about payday loan companies, with a disputed dollar amount of nearly $3 million. In addition, over 117,000 complaints have been filed against debt collection companies at BBB. Complainants often said they felt ill-informed about the terms of their loans. Many fall into what consumer advocates call a “debt trap” of racking up interest and fees that can force customers to pay double the amount originally borrowed.

The scammers haven’t missed an opportunity to take advantage of consumers either, with BBB Scam Tracker receiving over 7,000 reports of loan and debt collection scams representing around $4.1 million in losses.

Posing as payday loan companies and debt collectors, scammers use stolen information to trick consumers into handing over banking information and cash. In one case, BBB discovered that hackers had stolen and released detailed personal and financial data for more than 200,000 consumers. News reports indicate that this is not an isolated incident.

Regulators at the federal level have passed tougher laws to combat predatory lending, but those regulations have been rolled back in recent years, leaving states to set their own rules on interest rate caps and other aspects of lending. on salary. More than a dozen states introduced legislation last year to regulate payday loans, but the landscape of legally operating payday lenders remains inconsistent across states.

Currently, payday loans are not allowed in 18 states, according to Pew Charitable Trust. In addition, the Military Loans Act sets a rate of 36% on certain payday loans. When it comes to fraudulent behavior, law enforcement is limited in what they can do to prosecute payday loan scams. Some legal payday lenders have attempted to prevent scams by educating consumers about the ways in which they will or will not contact borrowers.

The BBB study advises consumers to thoroughly research all of their borrowing options — as well as the terms of a payday loan — before signing anything for a short-term loan. The study also includes recommendations for regulators:

  • Cap consumer loans at 36%
  • Educate more people about no-cost extended repayment plans
  • Require lenders to test whether consumers can repay their loans
  • Require Zelle, Venmo, and other payment services to offer refunds for fraud

Where to report a payday loan scam or file a complaint:

  • BBB.org/ScamTracker
  • Federal Trade Commission (FTC) – ReportFraud.ftc.gov
  • State attorneys general can often help. Find your state attorney general’s website to see if you can file online.
  • If you have an overdue payment on a payday loan, the Consumer Financial Protection Bureau may have resources to help you establish a payment plan.

Find more information about this study and other BBB scam studies at BBB.org/scamstudies.

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4 times a variable APR makes sense https://selagylaw.com/4-times-a-variable-apr-makes-sense/ Fri, 23 Sep 2022 12:00:28 +0000 https://selagylaw.com/4-times-a-variable-apr-makes-sense/ Image source: Getty Images When taking out a loan, it pays to weigh the pros and cons of a variable interest rate. Key points Variable interest rates make sense in specific situations, such as when you plan to buy and sell a home in a few years or want to pay off a loan early. […]]]>

Image source: Getty Images

When taking out a loan, it pays to weigh the pros and cons of a variable interest rate.


Key points

  • Variable interest rates make sense in specific situations, such as when you plan to buy and sell a home in a few years or want to pay off a loan early.
  • Variable rate loans, however, can be risky as interest rates can rise.
  • Fixed rate loans are almost always more reliable and easier to budget for.

When it comes to borrowing money, one of the decisions you will need to make is whether you want a variable rate or a fixed rate loan. A variable interest rate is a rate that goes up and down over time. Since floating rates are tied to an underlying benchmark interest rate, they mimic what happens with that underlying rate. For example, the variable interest rate increases if the reference rate increases.

Although fixed rate loans are more common, you might be surprised to learn that an adjustable rate loan is best for you in certain situations. Here are four.

1. You don’t expect to keep a loan for long

Let’s say you’re moving to a new city, but know that you’ll only be there for two or three years. You buy a house and find that the variable interest rate is lower than the fixed rate. The less you carry a variable interest rate mortgage, the less likely it is that the underlying benchmark will rise and your variable rate will rise. It may therefore be wise to opt for a variable rate when you know that you are not going to keep the loan for long.

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Another example would be if you are expecting funds from an annuity, life insurance, or work bonus. If you’re borrowing money in the months leading up to that big payday (and plan to pay off the loan with the money), a variable rate can save you money because of the lower interest rate.

2. You think interest rates will go down

Like the weather, interest rates can change from day to day. If you’re borrowing money and everything points to lower interest rates, taking out a variable rate loan means your monthly payment could go down as well. That said, if you’re wrong and the interest rate goes up, you’ll see your payments go up.

3. You use the monthly savings to repay the principal

Imagine you take out a $50,000 debt consolidation loan. The fixed interest rate is 6% and the variable rate starts at 4%. The term of the loan is 10 years. By opting for the variable interest rate, you will save approximately $50. If you plan to use those monthly savings to repay the principal (the original amount you borrow), you’ll not only prepay the loan, but you’ll also save over $1,200 in interest.

The catch is that this plan only works if the variable interest rate doesn’t increase before the loan is paid off. The longer you have a variable interest rate, the higher the rate will increase.

4. Accepting a variable rate is the only way to qualify for the loan

If you are making a major purchase, such as buying a house or land, and you don’t qualify for a fixed rate mortgage, you may qualify for a variable rate mortgage. lower interest and a monthly payment.

However, if what separates you from a loan is a slightly higher interest rate, you may want to reconsider the purchase, at least for now. The fact that you do not qualify for the fixed rate loan indicates that you may be taking on a larger obligation than you can comfortably afford.

The bottom line is this: A variable rate loan generally only makes sense in specific situations. A fixed rate loan allows you to budget knowing that your loan payments won’t increase over time. If you can get a low enough interest rate on a fixed rate loan, it’s almost always the most reliable choice.

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Debt troubles as UK public sector workers turn to buy now, pay later | Buy now, pay later https://selagylaw.com/debt-troubles-as-uk-public-sector-workers-turn-to-buy-now-pay-later-buy-now-pay-later/ Mon, 19 Sep 2022 21:57:00 +0000 https://selagylaw.com/debt-troubles-as-uk-public-sector-workers-turn-to-buy-now-pay-later-buy-now-pay-later/ Experts have raised concerns that cash-strapped public sector workers are turning to controversial purchases now, repaying loans later after being turned down by traditional lenders. An analysis by the University of Edinburgh found that one in 10 public sector and NHS staff, initially turned down for a more conventional loan on the grounds that they […]]]>

Experts have raised concerns that cash-strapped public sector workers are turning to controversial purchases now, repaying loans later after being turned down by traditional lenders.

An analysis by the University of Edinburgh found that one in 10 public sector and NHS staff, initially turned down for a more conventional loan on the grounds that they could not afford to repay it, went on to got a buy now, pay later (BPL) credit last year.

The researchers also found that the overall use of BNPL products among public sector employees had “significantly increased” compared to other credits and loans, and was beginning to supplant other non-traditional lenders such as those offering high interest payday loans.

Professor Tina Harrison, from the University of Edinburgh’s business school, warned that the growing use of BNPL – which is still unregulated in the UK – increases the risk that workers in the sector public are in arrears.

“The increase in the use of BNPL, particularly among those with very low financial resilience, is extremely concerning,” she said. “If left unchecked, BNPL has the potential to lead to an unmanageable debt burden very quickly.”

BNPL companies such as Klarna, Clearpay and Laybuy have grown rapidly during the pandemic as online shopping has exploded. Although buyers generally do not pay interest on their purchases, they are still at risk of becoming over-indebted and are not entitled to forbearance or compensation if things go wrong, as these companies are not yet regulated in the Kingdom. -United.

A study published by Barclays Bank and the charity Stepchange in June found that almost a third of BNPL borrowers said their loans had become unmanageable and had pushed them into debt. Shoppers who used these services refunded an average of 4.8 purchases, nearly double February’s 2.6 purchases.

The Edinburgh research analyzed the transactions of 104,661 NHS and public sector workers who applied for a loan from non-profit lender Salad Money but were rejected on the grounds that they were unable to repay .

Salad Money, which commissioned the survey, provides loans exclusively to public sector workers. Analysis of 174 million anonymized bank transactions by public sector workers found that 54% had experienced the return of direct debits – a key indicator of financial hardship.

The head of Responsible Finance – an industry body that oversees the UK’s not-for-profit lenders, known as Community Development Finance Institutions (CDFIs) – said it was “shocking” to see the BNPL approval rate among previous rejected loan applicants.

“How can it make sense that if a responsible lender says ‘no, this loan is not affordable,’ an under-regulated, well-funded tech darling can say yes?” said Theodora Hadjimichael.

The findings were released as part of a report showing many key workers would struggle to pay an unexpected £100 mid-month bill as staff whose transactions were analyzed had, on average, no only £79 in their account at that time. midpoint.

It also found that BNPL users spent more relative to their income and tended to have higher overdrafts, while a significant minority were heavily in debt. Although it is not possible to blame BNPL for these trends, the analysis revealed that its use tended to increase over time.

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Tips to save money on your groceries https://selagylaw.com/tips-to-save-money-on-your-groceries/ Thu, 15 Sep 2022 13:40:37 +0000 https://selagylaw.com/tips-to-save-money-on-your-groceries/ Saving money on groceries can be difficult, but it’s not impossible. This blog post will discuss tips to help you save money on your grocery bill and reduce your expenses without making major lifestyle changes. So if you want to save money on groceries, read on. 1. Make a realistic shopping list and stick to […]]]>

Saving money on groceries can be difficult, but it’s not impossible. This blog post will discuss tips to help you save money on your grocery bill and reduce your expenses without making major lifestyle changes. So if you want to save money on groceries, read on.

1. Make a realistic shopping list and stick to it

One of the best ways to save money on groceries is to make a realistic list and stick to it. It may seem logical, but it’s amazing how many people go grocery shopping without a list and spend more than they expected.

If you make a list of what you need before you go shopping, you’ll be less likely to make impulse purchases and more likely to stick to your budget. In addition, it will save you time in the store since you will know exactly what you need to buy.

2. Sign up for loyalty programs

Another tip for saving money on groceries is to sign up for loyalty programs at your local grocery store. It can help you save money in different ways. First, many stores offer discounts to loyal members on certain items each week.

Second, you can often earn points for free rides or other rewards just by shopping with your loyalty card. Finally, many stores also offer coupons and exclusive offers to loyal members. So if you’re not already a member, join the next time you’re grocery shopping.

3. Join a wholesale club

If you do a lot of cooking at home, joining a wholesale club like Costco or Sam’s Club can help you save money on groceries. You will be able to buy ingredients in bulk at a discount, and you can also take advantage of their members-only deals and coupons.

Don’t worry if the coupons come at the wrong time of the month because you can always opt for payday loans cover a grocery store. Viva Payday Loans is a great example of a trusted lender that you can find online. It offers instant loans with no hidden fees.

You can apply for a loan in minutes and the money you need will be deposited directly into your bank account.

4. Compare prices between stores

Another way to save money on groceries is to compare prices between different stores. It can be a bit complicated, but it’s worth it if you can save a lot of money.

To compare prices effectively, you need to know the regular prices of the items you buy at each store. Keep a price book or use your phone to track prices so you can quickly see which store has the best deal.

5. Buy items on sale

Buying items on sale can be especially helpful if you have a large family to support. You can find sales at your local grocery store or even online, but it’s best to shop around so you know you’re getting the best deal.

Remember, the end goal is to save money, so don’t be afraid to ask the store manager if there are any deals or promotions going on. They may be able to offer you a discount or even a coupon if the item is out of stock.

6. Take advantage of coupons

One of the best ways to save money on groceries is to take advantage of coupons. There are different ways to find coupons, such as online or in the Sunday paper. You can also find coupons in store flyers or at checkout.

To get the most out of coupons, pair them with sale items. Also, try to use coupons for items you normally buy, so you don’t spend money on items you don’t need just because a coupon is available.

7. Cook and freeze meals in batches

Batch cooking and freezing meals is another great way to save on grocery bills. This way you can cook larger amounts of food at once and then have meals ready to eat throughout the week or month.

Conclusion

Saving money on groceries is a great way to free up extra cash each month. Follow these tips and you’ll be well on your way to eating healthy while saving money. Also remember that you can always apply for a loan if you need additional help.

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Credit Karma agrees to pay $3 million | Editorial https://selagylaw.com/credit-karma-agrees-to-pay-3-million-editorial/ Fri, 09 Sep 2022 11:00:00 +0000 https://selagylaw.com/credit-karma-agrees-to-pay-3-million-editorial/ Did you apply for a credit card because Credit Karma said you were pre-approved, but were declined? If so, you may be entitled to compensation. No seriously. The Federal Trade Commission orders the credit monitoring service to pay users $3 million after shoving pre-approved fake credit cards on customers and damaging their credit. Nearly a […]]]>

Did you apply for a credit card because Credit Karma said you were pre-approved, but were declined? If so, you may be entitled to compensation. No seriously. The Federal Trade Commission orders the credit monitoring service to pay users $3 million after shoving pre-approved fake credit cards on customers and damaging their credit. Nearly a third of Credit Karma users who applied for the pre-approved credit cards were later denied, following a credit check. According to a complaint filed by the FTC, the marketing efforts wasted consumers’ time and negatively impacted their credit scores. When a business launches a marketing campaign designed to trick customers into doing certain things, like applying for a pre-approved credit card, for example, they’re engaging in what’s called a “dark pattern.” According to a news article, the FTC cracks down on predatory practices that “harm consumers and pollute online commerce.” Credit Karma allegedly violated the Federal Trade Commission Act between February 2018 and April 2021, promoting products that consumers had a 90% chance of being approved or pre-approved for, but were ultimately turned down. This is an accusation that Credit Karma denies. The company said in a statement that it disagrees with the FTC’s claims, but has reached an agreement so it can start helping customers again, according to a report. According to Credit Karma’s statement, the company only gets paid when users are approved for things like credit cards. However, the FTC’s allegations focus on Credit Karma’s historical use of the term “pre-approved” for a small subset of personal loan and credit card offerings that were available on their website prior to April. 2021 and do not challenge the language of the approval ratings. the company has been supplying its customers ever since. As a result, Credit Karma has agreed to pay $3 million to the FTC, which will be sent to customers who have been harmed by Credit Karma’s predatory practices. The company will also stop misleading customers about credit offer approvals, which will be documented by an order requiring Credit Karma to keep records of its marketing efforts, according to the report. It’s unclear how many customers were affected by the “pre-approved” offers that turned out to be false, or how many each customer can expect to receive as part of the settlement. What Credit Karma has done is really no better than the practices that payday loans have engaged in – although the big difference is that the customers actually didn’t pay anyone any money; they just applied for a “promised” credit card or loan that was declined.

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To marry? Here’s the best type of personal loan to cover the party https://selagylaw.com/to-marry-heres-the-best-type-of-personal-loan-to-cover-the-party/ Wed, 07 Sep 2022 11:00:27 +0000 https://selagylaw.com/to-marry-heres-the-best-type-of-personal-loan-to-cover-the-party/ Image source: Getty Images Avoid this type of loan for your wedding. Key points A whopping 45% of newlyweds have gone into debt for their weddings. Secured and unsecured personal loans are the most common ways to borrow for the cost of a wedding. Payday loans are the worst type of loan to get. To […]]]>

Image source: Getty Images

Avoid this type of loan for your wedding.


Key points

  • A whopping 45% of newlyweds have gone into debt for their weddings.
  • Secured and unsecured personal loans are the most common ways to borrow for the cost of a wedding.
  • Payday loans are the worst type of loan to get.

To marry? Congratulations on your big day! You’ll join 2.5 million other couples this year. That’s about 15% higher than the average year and a 30% jump from 2021. COVID-19 has put a damper on many wedding plans, and many couples have rescheduled their nuptials for this year. Unfortunately, the average cost of weddings has also increased.

The average cost of a wedding in 2019 was $24,700. For 2020, the number fell to $20,286 due to COVID, but the number increased by more than 33% for 2021, with the average cost of a wedding skyrocketing to $27,063.

According to LendingTree, 45% of newlyweds went into debt for their wedding. If you’re looking to take out a loan to cover your wedding, it’s important to understand the pros and cons of the different options available. This can save you from starting your marriage off on the wrong foot.

Can I get a wedding loan?

Although there are no wedding loans, many couples take out personal loans to pay for their weddings. Before getting a personal loan, it’s important to understand the different types of personal loans and find the right one for you. Personal loans fall into two categories: unsecured loans and secured loans.

Secured loans are secured by collateral such as property, cars, and other assets. Unsecured loans do not require collateral. Couples who take out a wedding loan usually take out an unsecured personal loan. You can get a personal loan for your wedding if you qualify.

Unsecured Personal Loans

An unsecured personal loan is not secured by any collateral. Therefore, unsecured loans pose a higher risk to financial lenders. Lenders generally require a higher credit score to qualify for an unsecured loan. Common examples are credit cards, student loans, and payday loans. Here are other types of unsecured loans that can be used for a wedding:

  1. Personal loans: A personal loan is money you borrow from a financial institution. You receive a one-time cash payment and must repay the loan in regular monthly installments.
  2. Credit card: A credit card is a line of credit that you can use to make purchases. You will need to make at least the minimum payment each month.
  3. Loan between peers: Peer-to-peer (P2P) loans, also known as “social loans” or “participatory loans”, are loans made by other people. Financial institutions are cut out as intermediaries. Many websites facilitate P2P lending between individual borrowers and lenders.
  4. Payday Loans: Payday loans are short-term, high-interest loans, usually due by your next payday in one lump sum. Currently, 37 states regulate payday loans due to high costs. A typical two-week payday loan can have annual percentage rates (APR) as high as 400%. By comparison, credit card APRs can range from 12% to 30%. Payday loans should be considered a last resort.

Secured Personal Loans

A secured personal loan is backed by collateral. Examples include car loans and home equity lines of credit. Secured loans generally have lower interest rates and are easier to obtain than unsecured loans. Financial institutions place a lien on your collateral, so they can seize assets used as collateral if payments are not made. Here are other types of secured loans that can be used for a wedding:

  1. Secured personal loan: With this type of loan, you deposit money into an account to use as collateral. The borrower will borrow against the collateral and repay the principal and interest to the lender.
  2. Secure credit card: Similar to a secured personal loan, you deposit money into an account to use as collateral. The borrower will obtain a line of credit equal to the amount deposited.
  3. Home equity lines of credit: A home equity line of credit (HELOC) is a revolving loan secured by the equity in your home. You can use the funds like a credit card, if needed.
  4. Home Equity Loans: Like a HELOC, a home equity loan is secured by the equity in your home. With a home equity loan, however, you receive a lump sum cash payment. You will have to repay the loan in regular monthly installments.
  5. Pawnbroker: Pawnbrokers are short-term loans secured by the value of an item that people get from pawnshops. As they are backed by the item, they are less expensive than payday loans but are more expensive than a conventional loan. Pawnbrokers are regulated by the government.

What is the best personal loan for a wedding?

According to LendingTree, nearly half (47%) of newlyweds who went into debt for their wedding say money made them consider divorce, compared to just 9% of couples who did not go into debt for their wedding. So ideally, it is better to avoid going into debt for a wedding.

If you decide to take out a loan, a secured loan such as a HELOC may be preferable as it will generally offer the lowest interest rate. If you don’t have the collateral to back it up, shop around to find an unsecured personal loan that offers the best interest rate and terms. Many physical and online banks allow you to prequalify on their websites.

Personal loans generally range between $500 and $50,000. For secured and unsecured loans, your credit score will be a big factor in the interest rate and loan terms you receive. Improve your credit and have your financial documents in order before applying. Avoid payday loans to avoid extremely high interest.

If you use a credit card, be careful not to exceed it. Credit agencies want you to keep your total credit utilization rate below 30%. This means that if your credit card limit is $10,000, don’t spend more than $3,000 on that card. A low credit utilization ratio indicates that you are managing your credit responsibilities well. A higher rate, however, signals to potential lenders or creditors that you are having trouble managing your money and could affect your credit score. If you need to make a big purchase like a wedding, call your credit card company to see if they’ll raise your limit and consider lowering your interest rate.

Your wedding is an important day in your life. You’ll want to balance the expense with your dream wedding. One in four couples said they wished they had spent less on their wedding. Keep a budget and prioritize the most important costs for you and your partner. This will help you keep your budget on track when you’re tempted to splurge. Keeping your costs reasonable and getting the right kind of personal loan can help you avoid some nasty money-related squabbles.

The Ascent’s Best Personal Loans for 2022

Our team of independent experts have pored over the fine print to find the select personal loans that offer competitive rates and low fees. Start by reviewing The Ascent’s best personal loans for 2022.

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Ex-Wonga boss dumps wife for Ukrainian refugee he took in https://selagylaw.com/ex-wonga-boss-dumps-wife-for-ukrainian-refugee-he-took-in/ Sat, 03 Sep 2022 22:33:52 +0000 https://selagylaw.com/ex-wonga-boss-dumps-wife-for-ukrainian-refugee-he-took-in/ A FORMER boss of defunct payday loan company Wonga left his wife for a Ukrainian refugee they took in. Millionaire Haakon Overli, 52, began weeks of lobbying Prime Minister Boris Johnson and Home Secretary Priti Patel in March to try to speed up the process of bringing the wife to Britain. 1 Former Wonga boss […]]]>

A FORMER boss of defunct payday loan company Wonga left his wife for a Ukrainian refugee they took in.

Millionaire Haakon Overli, 52, began weeks of lobbying Prime Minister Boris Johnson and Home Secretary Priti Patel in March to try to speed up the process of bringing the wife to Britain.

1

Former Wonga boss Haakon Overli left his wife for a Ukrainian refugee

But just months after receiving a visa, Overli left the main house at her Surrey estate and moved in with her in the pool house.

Overli had only recently been congratulated by former Foreign Secretary and former Health Secretary Jeremy Hunt after meeting at a local party.

The curator tweeted: “It was great to meet a Ukrainian hosted by a local family. . . nothing more English than the village festival to welcome them.

Overli founded online brokerage Self Trade, floating the business in April 2000 and selling it in October for over £900m.

Ukrainian family evicted by UK landlord 'to move into £180,000 rent-free home'
My ex says he's raising money for Ukraine's orphans but won't see his OWN kids

In 2008 he began a year-long stint as a director at Wonga – the controversial lender accused by MPs of using sky-high interest rates to prey on struggling customers.

It closed in 2018 after suffering huge losses and going into administration.

He has since co-founded Dawn Capital, which claims to be the largest B2B software specialist investor in Europe and is worth over £2m.

He first told his Twitter followers that his family wanted to help a Ukrainian refugee on March 9.

He later complained about difficulties in the sponsorship process – in April, calling it a “shame”.

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How advisors can protect their clients and their data online | Financial advisors https://selagylaw.com/how-advisors-can-protect-their-clients-and-their-data-online-financial-advisors/ Tue, 30 Aug 2022 19:57:00 +0000 https://selagylaw.com/how-advisors-can-protect-their-clients-and-their-data-online-financial-advisors/ With the anonymous and remote nature of the crime, cyberattacks are a growing problem for financial advisors. In 2021, there were more than 300 million victims of cyberattacks, according to a study by Harris Poll. Not surprisingly, the study also showed that nearly 80% of internet users are concerned about their online safety. Data from […]]]>

With the anonymous and remote nature of the crime, cyberattacks are a growing problem for financial advisors. In 2021, there were more than 300 million victims of cyberattacks, according to a study by Harris Poll. Not surprisingly, the study also showed that nearly 80% of internet users are concerned about their online safety.

Data from RiskSecurity also showed that 22 billion records were exposed to cyberattacks in 2021. And most breaches are motivated by financial reasons.

Financial advisors who handle client data and money must include cybersecurity as a top priority. Essentially, cybersecurity has become an essential part of providing objective financial planning advice. Helping clients plan to achieve their financial goals without worrying about how to protect their money is now inadequate.

Here are three categories of tools financial advisors can offer their clients to help keep them safe online so their hard-earned money is safe from cybercriminals:

  • General purpose data protection tools.
  • Finance-specific data protection tools.
  • Bank-specific data protection tools.

General purpose data protection tools

They are cybersecurity tools that protect users’ data, privacy and identity on the Internet. They do this by monitoring users’ activities on the Internet and alerting them to any possible data, privacy and identity breaches.

Examples

This software provided by Norton has three key components: identity, security and privacy. LifeLock detects and alerts users to potential identity theft, security threats and privacy breaches.

LifeLock’s system includes privacy and dark web monitoring, credit monitoring, data breach notifications, credit file locking, payday loan checks, and identity and phone number alerts. social Security.

In addition to notification, LifeLock also helps resolve any cyberattack and reimburses users up to $1 million for amounts lost due to the attack and any external costs incurred in its resolution, such as hiring lawyers and experts.

Identity Guard is integrated with IBM’s Watson, allowing it to predict which activities will expose a user to cyberattacks and provide real-time threat alerts. Like LifeLock, it crawls the internet and notifies users of any cyber threats. This includes social security number and credit monitoring, dark web monitoring, and account takeover detection.

Like LifeLock, it provides up to $1 million in reimbursement for cyberattacks. However, this reimbursement is limited to the money actually lost and not to the money paid for the services of lawyers and other experts.

Owned by Equifax, ID Watchdog also provides a wide range of cybersecurity services that include alerts for risky loans, social media account takeover, tampering with public records and addresses, and cyberbullying. It also has features specifically designed for child protection.

There is up to $1 million in insurance for identity theft, including 401(k) losses.

How Financial Advisors Can Use Them

Although financial advisors are primarily responsible for wealth management, they can also help clients understand the need for internet security and how data breaches can expose them to financial fraud.

Based on this, they can recommend any of these general purpose data protection software tools to their customers, especially those who are financial caregivers. Managing another person’s finances is a big trust, and financial caregivers need to make sure their loved ones’ data, privacy, and identity are safe.

Financial advisors themselves need to be protected on the Internet, and any of these tools can protect them from unscrupulous elements.

Finance-specific data protection tools

These programs are specifically designed to protect users from cyberattacks when performing various financial transactions. Simply put, these software tools allow users to perform their financial transactions with confidence.

Examples

In addition to financial management tools, Carefull provides identity protection; password and document management; and intelligent account monitoring to detect fraud, scams and errors. It also provides credit monitoring, credit freeze, spam opt-out and lost wallet support.

Additionally, Carefull supports live recovery assistance as well as identity theft insurance, as well as general purpose data protection tools.

More importantly, Carefull has a plan designed specifically for financial advisors. Through this platform, advisors can protect the data and finances of elderly clients and their financial caregivers.

Although Carefull has a bill payment feature that notifies users of upcoming bills, Silver Bills provides the most comprehensive bill payment service. Silver Bills is a janitorial bill management application that manages bills on behalf of users and sends them regular reports.

Its cybersecurity features include storing user data in IBM’s cloud, using a firewall network and encryption algorithm; provide 2-factor authentication; and ensure that every bill payment is reviewed by an AI-supported algorithm, human auditor and dedicated account manager.

How Financial Advisors Can Use Them

Financial advisors may recommend software like Carefull to financial caregivers of their elderly clients or to their clients who are financial caregivers. Alternatively, financial advisors can open their own Carefull account and directly onboard their older clients by collaborating with their caregivers.

Additionally, advisors can recommend a platform like Silver Bills to clients to pay their bills efficiently and securely. The range of data protection services on this platform can provide the confidence customers need when paying their bills online.

Bank-specific data protection tools

Bank accounts are popular targets for many hackers. Therefore, banks are also realizing the need to secure their own systems to protect customer data. They now use various data protection tools to achieve this goal.

Examples

Banks are using artificial intelligence, multi-factor authentication, biometrics, and encryption, among other strategies, in an effort to improve the security of data and money.

Additionally, they use comprehensive data protection services provided by companies such as IBM, NetGuardians, and Checkpoint.

How Financial Advisors Can Use Them

Although we live in a fintech revolution, banks are still a key part of the financial industry. Financial advisors should advise their clients on the type of banks they should choose based on the security architecture employed by the bank. This will help ensure that their money and data with these banks is safe.

In summary, as the need for cybersecurity grows, financial advisors will be required to do more to keep their clients’ data and money secure. This will include suggesting good cybersecurity services that will protect them online and ensuring that the banks and financial applications they use have sufficient internal security to protect them against security breaches, the identity theft and cyberattacks.

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Florida Digital Lending Market Report: Trends, Forecasts and Competitive Analysis 2022-2030 | Social finance https://selagylaw.com/florida-digital-lending-market-report-trends-forecasts-and-competitive-analysis-2022-2030-social-finance/ Fri, 26 Aug 2022 12:38:00 +0000 https://selagylaw.com/florida-digital-lending-market-report-trends-forecasts-and-competitive-analysis-2022-2030-social-finance/ Florida Digital Lending Market OREGAON, PORTLAND, USA, August 26, 2022 /EINPresswire.com/ — Allied Market Research released a report titled “Florida Digital Lending Market By loan type (payday loans, personal loans, and SME loans), provider type (banks, credit unions, FinTech institutions, and others), loan amount (less than $500, $500-$4,999, $5,000-$10,000 and 10,000+), End User (Individuals, Entrepreneurs, […]]]>

Florida Digital Lending Market

OREGAON, PORTLAND, USA, August 26, 2022 /EINPresswire.com/ — Allied Market Research released a report titled “Florida Digital Lending Market By loan type (payday loans, personal loans, and SME loans), provider type (banks, credit unions, FinTech institutions, and others), loan amount (less than $500, $500-$4,999, $5,000-$10,000 and 10,000+), End User (Individuals, Entrepreneurs, and SMEs): Opportunity Analysis and Industry Forecast, 2020-2027”.

The report offers an in-depth analysis of drivers and opportunities, key segments, major investment pockets, competitive landscape, and value chain. These data, statistics and information will prove useful to market participants, shareholders, new entrants and investors to have market insights and adopt various growth strategies.

@ https://www.alliedmarketresearch.com/request-sample/11457

The research provides a comprehensive analysis of the Florida Digital Lending Market drivers, restraints, and opportunities. This information is valuable for identifying driving factors, highlighting them and implementing strategies to help achieve sustainable growth. Additionally, market players, investors, and startups can use this information to determine new opportunities, explore market potential, and gain competitive advantage.

The report provides a detailed impact of the Covid-19 pandemic on the Florida digital loan market. This information will help market participants, investors and others to change their strategies accordingly to deal with the pandemic and stay in the market.

Key market segments include:

By type of loan
Payday loans
Personal loans
• Loans focused on SMEs

By type of supplier
• Banks
Credit unions
• FinTech Institutions
• Others

By loan amount
• Less than $500
• $500 to $4,999
• $5,000 to $10,000
• Over 10,000

Per end user
• People
• Contractors
• SMEs

A detailed analysis of each segment and sub-segment is provided in the report. Tabular and graphical formats are used to allow better understanding. This analysis is valuable in identifying the most dynamic and revenue-generating segments. It will help market players adopt various strategies to achieve sustainable growth.

Customization request @ https://www.alliedmarketresearch.com/request-for-customization/11457?reqfor=covid

Main benefits for stakeholders
• This report provides a quantitative analysis of market segments, current trends, estimates and dynamics of the 20WW-20MM Operating Room Equipment market analysis to identify current opportunities in the equipment market of operating room.
• Market research is offered with information related to key drivers, restraints and opportunities.
• Porter’s Five Forces analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer network.
• In-depth analysis of operating room equipment market segmentation helps to determine existing market opportunities.
• Major countries in each region are mapped according to their contribution to market revenue.
• Positioning of market players facilitates benchmarking and provides a clear understanding of the current position of players in the Florida digital loans market.
• The report includes analysis of regional and operating room equipment market trends, key players, market segments, application areas and growth strategies of the Florida digital lending market.

Interested potential key market players can inquire for purchase of the report at: https://www.alliedmarketresearch.com/purchase-enquiry/11457

The report offers a detailed analysis of key market players operating in the Florida digital lending market. Key market players analyzed in the report include Ally Financial Inc., Credible, Florida Credit Union, LendingPoint LLC, Navy Federal Credit Union, Social Finance, Inc., Suncoast Credit Union, TD Bank, NA, VyStar Credit Union, and WELLS FARGO . . They have implemented various strategies including new product launches, mergers and acquisitions, joint ventures, collaborations, expansions, partnerships and others to achieve growth and gain an international presence.

Adoption of the digital loan market in Florida has increased significantly in recent years due to its usefulness and efficiency. With the rapid advancements in technology, the application areas of the Florida digital loan market are expanding into various fields. The research offers a comprehensive analysis of the Florida Digital Lending market drivers, restraints, and opportunities.

About Us:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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Allied Analytics LLP
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