Women store – Soutiens http://soutiens.org/ Tue, 22 Nov 2022 16:57:21 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://soutiens.org/wp-content/uploads/2021/11/profile-120x120.png Women store – Soutiens http://soutiens.org/ 32 32 Best business loans for low-income businesses in 2022 – Forbes Advisor https://soutiens.org/best-business-loans-for-low-income-businesses-in-2022-forbes-advisor/ Tue, 22 Nov 2022 14:00:46 +0000 https://soutiens.org/best-business-loans-for-low-income-businesses-in-2022-forbes-advisor/ Kabbage by American Express launched Kabbage Funding™ in December 2021. With support from American Express, Kabbage is able to offer a broader set of cash flow management tools to small businesses. Business owners can apply for commercial lines of credit through Kabbage between $2,000 and $250,000. Repayment terms vary from six to 18 months. Line […]]]>

Kabbage by American Express launched Kabbage Funding™ in December 2021. With support from American Express, Kabbage is able to offer a broader set of cash flow management tools to small businesses.

Business owners can apply for commercial lines of credit through Kabbage between $2,000 and $250,000. Repayment terms vary from six to 18 months.

Line of credit customers incur loan fees for each month they have an outstanding balance. Total monthly fees incurred over the term of the loan range from 2% to 9% for six-month loans, 7.5% to 18% for 12-month loans, and 15.75% to 27% for of 18 months.

In addition to its line of credit, Kabbage provides other useful tools for small business owners, including its own mobile app that provides comprehensive cash flow information.

Eligibility: To be eligible for financing through Kabbage, applicants must have a minimum personal credit score of 640, be in business for at least one year, and have a valid checking account. There is a minimum monthly income requirement of $3,000.

Funding time: Once you have completed your loan application and signed the loan agreement, the funds are sent to your verified bank account. Funds can take up to three business days to appear in your account, depending on your bank.

* Become a Kabbage Funding customer and you could be eligible to win $250. Here’s how:

1. Apply for and get approved for a Kabbage Funding Line of Credit between 11/21/2022 and 2/28/2023 11:59 PM ET.

2. Once you have been approved and added and verified your primary funding account by 2/28/2023, $250 will be deposited into the verified account.

Terms and conditions

This offer is provided by Kabbage of American Express (“we”, “us” or “our”). Kabbage Funding™ loans are issued by American Express National Bank (AENB). To be eligible to earn the $250 associated with this offer, you must 1) apply and be approved for a Kabbage Funding line of credit between 11/21/2022 and 02/28/2023 11:59 PM ET and 2) add and verify your designated business bank account (hereinafter defined as “Primary Funding Account”) no later than 02/28/2023 11:59 PM ET. NBEA will deposit $250 into the Master Funding Account that you have successfully linked to Kabbage Funding within 30 calendar days from the date of account verification. Limit one offer per new Kabbage Funding account. This offer (i) is not available to existing Kabbage Funding customers, (ii) is not transferable, and (iii) cannot be combined with any other offer except as permitted by American Express. We reserve the right to modify or revoke this offer at any time. You may not receive the Offer if we determine, in our sole discretion, that your account is not in good standing, has a disconnected bank account and/or that you have engaged in abuse, misuse, fraudulent activity or gambling in connection with the offer. in any way or intend to do so. We may also cancel your Kabbage Funding account and other accounts you may have with us. The Offer may be taxable income to you and may be reported on IRS Form 1099. You are responsible for any federal or state taxes resulting from the Offer. Please consult your tax advisor if you have any questions about the tax treatment of the Offer. If you have any questions regarding this offer, please call 1-888-986-8263 Monday through Friday, 8 a.m. to 9 p.m. EST.

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JAMA Advocates for Reinstatement of Monthly Child Tax Credit Payments https://soutiens.org/jama-advocates-for-reinstatement-of-monthly-child-tax-credit-payments/ Thu, 17 Nov 2022 14:32:19 +0000 https://soutiens.org/jama-advocates-for-reinstatement-of-monthly-child-tax-credit-payments/ Image source: Getty Images Congress will have to turn a blind eye to reality if it refuses to reinstate monthly child tax credit payments. Key points In six months, the expansion of the child tax credit lifted 3.7 million children out of poverty. The month after the child tax credit expansion ended, food insecurity soared. […]]]>

Image source: Getty Images

Congress will have to turn a blind eye to reality if it refuses to reinstate monthly child tax credit payments.


Key points

  • In six months, the expansion of the child tax credit lifted 3.7 million children out of poverty.
  • The month after the child tax credit expansion ended, food insecurity soared.
  • JAMA urges Congress to reinstate the expanded child tax credit.

Last month’s edition of the Journal of the American Medical Association (JAMA) confirmed what dozens of other studies have found: food insecurity increased dramatically after Congress refused to extend tax credits children’s monthly federal.

A break for families

In 2021, as the country continued to battle COVID-related illnesses, the Biden administration successfully pushed the American Rescue Plan Act through Congress. The plan included three major changes to the Child Tax Credit:

  • Expanded eligibility to include families earning little or no income.
  • Increase in credit amounts from $2,000 per child annually to $3,600 per child under age 6 and $3,000 per child age 6 to 17.
  • A provision that allowed families to receive half of the credit as an advanced monthly payment in their Bank account between July and December 2021.

For reasons we’ll get to in a moment, it’s important to note that no Republicans in the Senate or House of Representatives voted in favor of this family support.

Impact of the US bailout

JAMA highlights research conducted by the nonpartisan research group at the Brookings Institution. According to Brookings, the temporary tax credit extension lifted 3.7 million children out of poverty in December 2021.

Brookings found that expanding the Child Tax Credit significantly improved food security and also supported healthy eating. In addition, families were better equipped to combat pandemic-related inflation.

According to the Brookings Institution, there were other benefits associated with expanding the Child Tax Credit, including:

  • A drop in credit card debt, as families no longer need to pull out plastic to pay for necessities.
  • Fewer families relied on payday loans and pawnbrokers to get by.
  • Fewer parents had to sell blood plasma to earn money.
  • Some families have been able to start or build a emergency fund.
  • There has been a significant drop in the number of evictions.
  • Non-white households — including blacks and Hispanics — had funds available to cover child care and education costs.

In other words, life just got easier for over 35 million American households with children.

Then it’s over

When President Biden first proposed expanding the Child Tax Credit, he wanted it to continue until 2025. This would give families time to get back on their feet financially. Instead, the program was only due to run between July and December 2021.

After the monthly child tax credit installments ended, Democrats in Congress failed to get any of their fellow Republicans across the aisle to vote for an extension.

JAMA reports that after the first missed payment, food insecurity immediately increased. And in July, there was an almost 25% increase in the number of families without enough food. The most affected are low-income, single-adult, black, Hispanic and Indigenous households.

The JAMA article recommended: “The results of this study suggest that there was an increase in food insufficiency among households with children after they stopped receiving monthly child tax credit payments. children. lifetime, Congress should consider prompt action to reinstate this policy.”

To advance

Despite recommendations from health officials, hunger advocates, racial justice organizations and civil rights groups, it looks like the House of Representatives will return to Republican hands. Unless several representatives break with their party to support the reinstatement of the program, millions of families will continue to struggle to put food on the table.

If you would like to see the return of child tax credit payments, this link will help you connect with your elected officials.

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Here are the worst credit card tips we found on Twitter https://soutiens.org/here-are-the-worst-credit-card-tips-we-found-on-twitter/ Fri, 11 Nov 2022 12:00:00 +0000 https://soutiens.org/here-are-the-worst-credit-card-tips-we-found-on-twitter/ Image source: Getty Images We all know that social media isn’t always the best place to go for financial advice. But sometimes it’s hard to resist the urge to scroll through our Twitter feeds and see what people are saying about money. Here are some particularly bad credit card tips on Twitter. This should help […]]]>

Image source: Getty Images

We all know that social media isn’t always the best place to go for financial advice. But sometimes it’s hard to resist the urge to scroll through our Twitter feeds and see what people are saying about money. Here are some particularly bad credit card tips on Twitter. This should help you know what NOT to do with your credit cards.

Credit cards are bad

“The credit card is the cigarette of money. Everyone knows it’s bad and will kill you, but people still use it.”

Check it out: This card has one of the longest 0% interest intro periods.

More: Consolidate your debt with one of these top-rated balance transfer credit cards

Dave Ramsey is a well-known financial guru with bestselling books and millions of podcast listeners. He is firm in saying no to credit card and recommends his listeners to cut them out. This is good advice if you have no financial discipline and continue to use your cards with no way to pay them back. The problem is that a credit card is one of the main ways to get a credit score.

While it’s true that you shouldn’t use your credit card when you can’t pay it off, there’s nothing wrong with using it if you’re disciplined and pay it off every month. You can increase your credit score and earn great rewards along the way. I have personally earned enough credit card rewards to travel around the world multiple times. Having a credit card can also be a lifesaver in an emergency. Just make sure you have a plan to pay off the balance as soon as possible so you don’t pay interest on your balance.

We are committed to improving your credit score

When you type “credit cards” into the Twitter search bar, the vast majority are credit repair and debt relief companies promising to negotiate with creditors for reduce your debt or remove negative items from your credit file. Many also call themselves financial coaches, and they advertise services to help you manage your debt.

According to the Federal Trade Commission, the credit repair industry is full of scams. They target consumers with significant credit card debt and demand cash up front. One person offers a “full credit repair service” for $199. If you need help, you can do the same for free. If there are false negatives on your credit report, you can contact the credit bureaus directly to have them review it.

Credit repair services are different from credit counseling agencies, which are usually a free resource of nonprofit financial education organizations. These organizations will review your finances, debts and credit reports and work with you to help manage your financial situation. It is important to research a credit repair organization before agreeing to work with them. Avoid any company that promises to do things that are too good to be true.

Use payday loans to pay off your credit card debt

Would you like to pay 400% interest on a loan? How about 1.950%? Well, that’s what a payday loan costs. There are many advertisements on Twitter offering you a payday loan with no credit check and instant approval. Payday loans are short-term, high-interest loans that are usually for less than $500. Many borrowers who run out of funds before receiving their next paycheck turn to a payday lender to fill the gap.

Many people get payday loans for small immediate expenses. These loans usually have to be repaid within a few weeks. Because fees and interest are high, many borrowers are unable to pay them off completely and roll them over to another loan, thus taking on more fees. Payday loans are also called cash advances or check advances. There are others alternatives to payday loans who can help you pay your bills if you are short on cash.

When it comes to financial advice, social media isn’t always the best place to look. This is some really bad credit card advice we found on Twitter, and we wanted to share it with you so you know what NOT to do with your cards. Careless use of your credit card can lead to serious debt problems.

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We are firm believers in the Golden Rule, which is why editorial opinions are our own and have not been previously reviewed, approved or endorsed by the advertisers included. The Ascent does not cover all offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has posts and recommends Target. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Looking for a budget bailout? A personal loan could be the answer https://soutiens.org/looking-for-a-budget-bailout-a-personal-loan-could-be-the-answer/ Sat, 22 Oct 2022 11:26:00 +0000 https://soutiens.org/looking-for-a-budget-bailout-a-personal-loan-could-be-the-answer/ Image source: Getty Images If you have high interest debt, you know how suffocating it can be. Worse still, when you have a wallet full of depleted credit cards, a payday loan, or any other type of debt with an exorbitant interest rate, it becomes harder to get out of under it. Debt Consolidation Most […]]]>

Image source: Getty Images

If you have high interest debt, you know how suffocating it can be. Worse still, when you have a wallet full of depleted credit cards, a payday loan, or any other type of debt with an exorbitant interest rate, it becomes harder to get out of under it.

Debt Consolidation

Most personal loans can be used for anything you desire, from installing a spa-like bathroom in your home to covering your child’s wedding expenses. One of the best forms of personal loan is a debt consolidation ready. Here’s how it works:

Discover: These personal loans are the best for debt consolidation

More: Prequalify for a personal loan without affecting your credit score

  • You add up how much you owe in high-interest loans, credit cards, and other debts.
  • You request a personal loan for this amount. If approved, most lenders will deposit the proceeds directly into your checking account. Some lenders will pay off high-interest debt directly on your behalf.
  • You make fixed monthly payments until the loan is paid off.

The advantage in real life

Let’s say you have four credit cards, each carrying a balance of $5,000. The average interest rate on each card is 17%. This means you owe a total of $20,000 at 17% interest. Between the four cards, your minimum monthly payment is probably around $600. If you continue to pay the full $600 per month, it will take you 46 months to pay off the entire debt and you will pay $7,259 in interest.

Now let’s say you have a good credit rating and you get a personal loan with a interest rate by 8%. If you continue to make a monthly payment of $600, it will take you 38 months to pay off the loan and you will pay a total of $2,694 in interest.

If you are having difficulty making the minimum monthly payment, you may consider a longer loan term. You’ll end up paying more interest over the life of the loan, but your monthly payment will be lower. For example, extending the term of the loan to 60 months will reduce your payment to $406 and you will pay a total of $4,332 in interest.

Compare the prices

It pays to shop around for the best interest rate and term. This means taking the time to contact at least three lenders. Most lenders will do a “soft” credit check before letting you know if you’re approved for a loan and what the rate and terms will be. A soft credit check means there will be no impact on your credit score. It is only when you decide to go with a specific lender that they run a rigorous credit check. Although a thorough check hurts your credit score a bit, it will bounce back after you make a few payments on time.

What to pay attention to

It may seem counter-intuitive, but the lowest interest rate doesn’t always mean the best loan. This is because some lenders charge high fees which only increase the price of the loan. For example, some lenders charge origination fees or administrative fees. If you have a good to excellent credit score, there is absolutely no reason to accept such a loan.

When a lender tells you that your application has been approved, be sure to ask about any fees included in the loan. And don’t just take someone’s word for it. Read the loan document carefully before signing it.

If you have a low credit score, your loan options may be more limited (and you may be required to pay origination fees). However, if you’re trying to get out of high-interest debt, like a payday loan, chances are you’ll get a lower interest rate with a personal loan.

If you find yourself spinning in circles as you try to get out of debt, a personal debt consolidation loan might just be the budget rescue you’ve been looking for.

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.

We are firm believers in the Golden Rule, which is why editorial opinions are our own and have not been previously reviewed, approved or endorsed by the advertisers included. The Ascent does not cover all offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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How to Get a $20,000 Personal Loan – Forbes Advisor https://soutiens.org/how-to-get-a-20000-personal-loan-forbes-advisor/ Mon, 17 Oct 2022 16:48:37 +0000 https://soutiens.org/how-to-get-a-20000-personal-loan-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Whether you’re looking to renovate your home, consolidate debt, or pay for another big expense, you may be looking for a personal loan. Many lenders offer $20,000 personal loans that you can […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Whether you’re looking to renovate your home, consolidate debt, or pay for another big expense, you may be looking for a personal loan. Many lenders offer $20,000 personal loans that you can use for almost any purpose; some lend up to $100,000. However, to borrow such a large sum, you may need good credit and a stable income.

Follow these five steps to get a $20,000 personal loan.

1. Consider qualification requirements

Before applying for a loan, it helps to understand the terms of the loan. Here are some factors that lenders typically consider when evaluating your $20,000 personal loan application:

  • credit history. Personal lenders review your credit history before approving you for a loan. Your credit history reveals your past and present accounts, including loans and credit cards. If you have negative ratings, a lender may consider you a subprime borrower and reject your application. You can view your credit reports for free via AnnualCreditReport.com. If you see any errors, try to dispute them before applying.
  • Credit score. A lender also considers your credit score, which is a numerical representation of your credit history. Credit scores range from 300 to 850, with good scores starting at 670. Requirements vary by lender for personal loans, with some requiring a score of 560 and others looking for 660 or higher. You can check your credit score for free with a credit monitoring service or with some credit card providers.
  • Revenue. Lenders look at your income to make sure you’ll be able to repay the loan on time and in full. When you apply, you’ll likely need to upload pay stubs, W-2 forms, or bank statements for the lender to review.
  • Debt-to-income ratio (DTI). Lenders are also concerned about your DTI ratio, or how your monthly debt compares to your monthly income. If your DTI is high, you can reduce it by paying off debt or increasing your income.
  • Collateral. Personal loans are generally unsecured, which means they do not require collateral. However, a secured, collateral-backed personal loan may be an option if you cannot qualify for an unsecured loan. Lenders often offer higher loan amounts and lower interest rates on secured loans. Some common types of collateral are your car title or a savings account. The risk of a secured loan is that you could lose your asset if you default on payment.

2. Prequalify with multiple lenders

A $20,000 personal loan is a significant sum of money, so it’s worth comparing several lenders before deciding on a loan. Many lenders allow you to check your rates online through prequalification. This allows you to view loan offers without any impact on your credit score. After providing a few personal details, you will be able to see what fares you may qualify for.

Note that prequalifying for a loan does not guarantee rates and terms. A lender will still need to review your documentation and perform a credit check. After you apply, your rates and terms may differ from what you initially saw. However, prequalifying can still give you a good idea of ​​what your rates might be and whether or not you will qualify for a $20,000 loan.

3. Compare your offers

Once you’ve researched rates from multiple lenders, take the time to compare the details of each loan offer. Use a personal loan calculator to estimate your monthly payment and long-term interest charges.

Don’t forget to consider monthly payments, interest rates and fees. Some ongoing fees include origination fees, disbursement fees and a prepayment penalty. High fees could offset the savings you get from a low interest rate.

The annual percentage rate (APR) measures both the interest rate and the fees, so it is a more inclusive rate than the interest rate alone. Focusing on the APR can therefore help you compare your loan offers on an apples-to-apples basis when looking for the most affordable.

4. Complete and submit your application

If you want to go ahead with a loan offer, complete and submit an application. The application will be more detailed than the pre-qualification form.

It will ask you for your personal details, including the amount and purpose of your loan. You will also need to upload verification documents, such as payslips or W-2s.

Finally, the lender will perform a rigorous credit check, which could temporarily reduce your credit score by a few points. As long as you make on-time payments on your loan, your score should recover within a few months.

5. Manage and repay your loan

Once you submit your application, you will wait for your $20,000 personal loan to be approved. Some lenders can approve loans in as little as one business day, while others take days or weeks.

Once your loan is approved, you will sign and submit your final loan agreement. Pay close attention to the terms of your loan, including how long you have to repay the loan and when your monthly payment is due.

The lender will deposit the loan proceeds into your bank account. Once you have the loan, you can use it to pay for home renovations, debt consolidation, or whatever else you need it for.

You’ll likely start making your monthly payment on the loan right away. Consider setting up automatic payment from your bank account to ensure you don’t miss any payments.

How to get a $20,000 loan with bad credit

Qualifying for a $20,000 loan with bad credit could be difficult. Lenders generally require good credit to borrow such a large sum.

However, every lender is different, so it’s worth shopping around to see if they’re willing to work with you. You can try checking with your bank or credit union, who may be more flexible with existing customers.

Some lenders allow you to apply with a cosigner, whose good credit might offset your limited credit and help you qualify or get better rates. You can also opt for a secured personal loan rather than an unsecured loan, which may have lower credit requirements. Make sure you don’t fall behind on your payments, though, or you risk losing your guarantee.

You can also look into peer-to-peer (P2P) lending, which is funded by individual investors rather than financial institutions and tends to have more flexible borrowing criteria. Another option for borrowers with bad credit is alternative borrower payday loans, although borrowing limits are set at $1,000 or $2,000.

If you don’t need a $20,000 personal loan right away, consider improving your credit before applying. Paying off your debts, making timely payments on your loans, and disputing errors on your credit report can all help. Reducing your credit utilization ratio, or the amount of credit you use compared to what’s available to you, can also increase your score.

Improving your credit score before you start the loan search process could make it easier to qualify and help you get better rates.

Where to get a $20,000 loan

Long term costs of a $20,000 loan

When you borrow a $20,000 personal loan, you end up paying a larger amount due to interest and fees. Your long-term costs will depend on your interest rate, fees, and repayment term. A lower rate and fewer (or no) fees can save you money, which is why comparing with multiple lenders is essential.

Opting for a shorter term can also save you money on interest, but it will mean higher monthly payments. On the other hand, a longer repayment term will seem more affordable from month to month, but will incur higher interest charges in the long run. Most lenders offer repayment terms between one and seven years.

Say, for example, you take out a $20,000 personal loan with an APR of 10%. This chart compares your monthly payment and long-term interest charges under various loan terms.

Our personal loan calculator can help you estimate your monthly payment and the cost of borrowing. When choosing a loan term, try to strike a balance between getting an affordable monthly payment and keeping interest charges to a minimum.

Compare personal loan rates from top lenders

Compare personal loan rates in 2 minutes with Credible.com

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How to Get a Business Loan for Insurance Agents https://soutiens.org/how-to-get-a-business-loan-for-insurance-agents/ Fri, 14 Oct 2022 20:40:22 +0000 https://soutiens.org/how-to-get-a-business-loan-for-insurance-agents/ An insurance business is attractive for a number of reasons, and one of them is the relatively low start-up cost. However, it is a competitive industry with more than 415,466 insurance agents and brokers in the United States, according to IBISWorld. To stand out, insurance agents and agency owners may need to invest heavily in […]]]>

An insurance business is attractive for a number of reasons, and one of them is the relatively low start-up cost. However, it is a competitive industry with more than 415,466 insurance agents and brokers in the United States, according to IBISWorld.

To stand out, insurance agents and agency owners may need to invest heavily in advertising and marketing, and you may need to hire staff to handle customer inquiries.

Perhaps you need funds to acquire the business volume of another insurance agency. You may need a working capital loan to cover day-to-day expenses such as payroll, rent or advertising. Or you might need a loan to purchase commercial real estate for your office.

Whatever your goals for your small business loan, it helps to understand your options so you can choose the best one for your insurance business.

What types of loans are available to insurance agencies?

Insurance brokers and insurance agencies can take advantage of various types of small business loan options.

Lines of credit: Having access to a business line of credit allows you to borrow an amount that you choose up to your available line of credit. Once you have repaid it, you can borrow again. It’s a great option for short-term needs, including working capital.

term loan: If you need to borrow a certain amount of money and want to repay it over a specific period of time with predictable repayments, a term loan is ideal.

SBA Loans: These include loans guaranteed by the US Small Business Administration and made by approved lenders such as banks. There are several types of SBA loans, including 7(a), 504, and export loans.

Credit card. Small business credit cards are great for making purchases, but they also give you access to a line of credit. A card with a low interest rate, including 0% APR credit card offers, will minimize interest charges.

Commercial real estate loans. If you want to buy your own office building, or perhaps rent out part of the building and rent out the rest, a commercial real estate loan will be the most likely choice.

How can I increase my chances of getting a business loan for my insurance agency?

Small business lenders want to make sure you can repay the loan they give you. To do this, they will typically look at the following factors:

  • Revenues. Many lenders will use business bank account statements to assess business income. They may also use this information to help analyze the company’s cash flow. Traditional lenders such as banks or credit unions may also require business tax returns. Insurance agencies may be able to obtain funding based in part on future cash flows.
  • Credit history. Commercial lenders can check the owner’s personal credit scores, although this is often a soft credit check that does not affect credit scores. Some lenders will also look at business credit scores or business credit reports.
  • Time spent in business. How long has the company been operational? Startups have a harder time getting funding because many lenders prefer to work with companies that are at least 1-2 years old.

Highly qualified companies are likely to qualify for the lowest rates and terms, but you may still have options even if not all of these criteria are strong.

As for the application process, it will vary greatly depending on where you are obtaining business funding. Online lenders often have fast online applications and can make a decision in one or two business days. Costs may be higher than loans from traditional financial institutions.

Bank loans often have more detailed applications and approval can take several weeks. However, the interest rates and repayment terms of traditional bank loans are often good. A business plan and tax returns may be required.

Can I use a business loan to pay my insurance agency leads?

After payroll, marketing is typically the largest expense for insurance agencies. Some agents will buy leads from potentially interested customers in order to generate business. These costs can add up, and as an agent, you may want to use the funding to pay leads.

Marketing is a working capital expense, so any type of working capital loan can be used to pay leads. This includes a line of credit, business cash advance, or even business credit cards.

Be careful when borrowing money to pay leads. Some listings are higher quality than others, and you want to make sure you don’t end up with a lot of debt and little or no income to pay it off.

What are alternative financing methods for insurance sales agents who cannot obtain commercial loans?

If you can’t qualify for a business loan and need relatively small financing for your short-term needs, consider business credit cards. With two or three cards, you can have access to $50,000 or more, depending on your qualifications.

Most small business credit cards have minimum income requirements, but that money doesn’t have to come from the particular business. This means you can qualify even if you have a brand new business. And most check personal credit scores, not business credit.

Other financing options may include personal loans or personal savings accounts, friends and family, or retirement accounts.

Are insurance agencies eligible for SBA loans?

Yes, insurance agencies may be eligible for SBA loans if they are otherwise eligible. SBA guidelines prohibit SBA loans to insurance companies, but that doesn’t mean agents aren’t able to get SBA-backed loans.

The US Small Business Administration does not provide loans; rather, it guarantees them. (There is one exception – the SBA issues SBA disaster loans directly.) There are several types of SBA loans, although the most popular is the 7(a) program. You will need to apply with an SBA approved lender.

Although these loans generally offer good rates and terms, you will need to have good credit and a personal guarantee is often required. You should expect the process to take at least a month and often several months to get approved.

What credit score is needed for an insurance agent to get an SBA loan?

Most SBA loan programs do not have a minimum credit score requirement; instead, the SBA requires “acceptable credit” and it is up to the lender to determine the minimum credit score they will need. For most lenders, a credit score of 680 to 700 or higher will be required.

Keep in mind that the SBA requires a personal credit check for all business owners with at least 20% ownership. A company credit check may be required in some cases.

For the financial services industry, how much collateral is needed for an SBA business loan?

The SBA will take collateral if it’s available, but generally you can’t be turned down for an SBA loan just because you don’t have collateral. It’s important to understand that SBA loans often require small business owners to sign a personal guarantee, and sometimes you’ll have to pledge the equity in your home (up to certain limits) if you have it and there is not enough guarantee from the company.

The Basics: Insurance Business Loans

If you need financing for your insurance business, you have several options. Be sure to compare loan options to find the one that best suits your business needs. Nav can help you identify financing options based on your data.

This article was originally written on October 14, 2022.

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Accredited Review of Debt Relief – Forbes Advisor https://soutiens.org/accredited-review-of-debt-relief-forbes-advisor/ Wed, 05 Oct 2022 14:20:26 +0000 https://soutiens.org/accredited-review-of-debt-relief-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Accredited Debt Relief is a company that helps people get out of debt. It offers various services, including debt consolidation, debt resolution and credit counseling. When you enroll in Accredited Debt Relief, […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Accredited Debt Relief is a company that helps people get out of debt. It offers various services, including debt consolidation, debt resolution and credit counseling. When you enroll in Accredited Debt Relief, a Certified Debt Specialist will work with you to create a personalized plan that fits your needs and budget. Accredited Debt Relief claims to have helped thousands of people reduce their debt by up to 50%.

But is Accredited Debt Relief the right company for you? Here’s a closer look.

What is approved debt relief?

Accredited Debt Relief is a debt relief company founded in 2011. It helps people get out of debt by negotiating with their creditors to reduce the total amount they owe.

The company, which currently has an A+ rating from the Better Business Bureau (BBB), claims to have helped more than 200,000 people resolve more than $1 billion in debt. If you’re struggling with debt, Accredited Debt Relief can help get you back on track.

What types of debts can you settle?

Accredited Debt Relief only helps settle unsecured debt, that is, debt that does not come with collateral. These include:

If you have any form of unsecured debt that is not listed above, you can speak with a debt relief specialist during your free consultation to see if it qualifies for listing. The Accredited Debt Relief website states that it does not adjust federal student loans or secured debt, including mortgages and auto loans.

How does approved debt relief work?

Expect to follow these steps if you enroll in the Accredited Debt Relief program:

  1. Sign up for a free consultation on the Accredited Debt Relief website.
  2. Meet with a Certified Debt Specialist to review your financial situation and create a personalized plan based on your goals, monthly budget and eligible debts. Your plan might include consolidating debt, getting lower interest rates, or reducing the principal you owe.
  3. Open an FDIC-insured savings account and make monthly deposits based on your personalized plan.
  4. Wait for your assigned debt specialist to work with your creditors to adjust the terms of your loan.
  5. If the specialist reaches an agreement, he will contact you for approval and use the money from your dedicated account to repay the loan.
  6. The specialist repeats this process until all of your debts are resolved or deemed ineligible for resolution.

The whole debt relief process can take anywhere from one to four years, and it can take six to nine months to see your first settlement. So don’t expect quick results.

How to Apply for Approved Debt Relief

If you have at least $10,000 in unsecured debt, you may qualify for Accredited Debt Relief services. To start the process, call 800-497-1965or follow these steps to complete the online form:

  1. Visit the Accredited Debt Relief website.
  2. Click “Start”.
  3. Enter the current amount of debt you owe.
  4. Provide your name, phone number, email address, and state of residence, then click to get your quote.
  5. Wait for a debt relief specialist to contact you.

Once you’ve completed your call, you can decide if you want to move forward based on your specialist’s recommendations.

Note that Accredited Debt Relief serves residents of 31 states and Washington, D.C. Visit the company’s website for an updated list of states where residents can register.

What are the fees charged by Accredited Debt Relief?

Accredited Debt Relief works on a “performance-based” structure, meaning you only pay a fee if the company is successful in reducing your debt. These fees range from 15% to 25% of your total settled debt.

For example, let’s say you have $20,000 in debt listed and Accredited Debt Relief successfully settles a quarter of it, or $5,000. If the company charges a 15% fee, you could end up owing $3,000 (15% of $20,000). If the fee is 25%, you could owe up to $5,000 (25% of $20,000).

The company deducts these fees from your dedicated account once you and your creditor(s) have agreed on a new resolution that is less than what you owe and you have made at least one payment for it. If the company is unable to reduce a specific debt, they will remove it from your dedicated account and adjust your fees accordingly.

Advantages and Disadvantages of Accredited Debt Relief

Here is a brief overview of the best and worst aspects of approved debt relief.

Advantages

  • A free consultation lets you decide if this is right for you
  • Only pay if the company is successful in reducing your debt
  • A+ accreditation with the BBB and extremely positive customer reviews
  • Can negotiate more favorable terms or get creditors to agree to lump sum settlements

The inconvenients

  • Must have at least $10,000 in unsecured debt to qualify
  • Not available in all states
  • No online portal or mobile app to track your progress
  • Fees are based on the total debt listed at the start of the program, not the amount saved

Will using approved debt relief affect my credit?

It is highly likely that your credit score will go down when you start using a debt relief company, including Accredited Debt Relief. This is because you are generally advised to stop making payments on your listed debts while they are being negotiated. This can temporarily drop your credit score, send some of your debts into collection and, in extreme cases, lead to lawsuits.

But over time, if Accredited Debt Relief is successful in reducing the total amount of debt you owe, your credit score should go up as you pay off your debts and make payments on time.

Customer Reviews

Accredited Debt Relief has good customer reviews on the BBB website and on Trustpilot.

  • BBB: The company has an accreditation rating of A+ based on its years in business and its willingness to resolve customer complaints. It also has an impressive customer rating of 4.81 out of 5. This is based on around 240 reviews, with most customers saying the team is helpful, patient and professional.
  • Trustpilot: Accredited Debt Relief is rated 4.9 out of 5 stars on Trustpilot, based on over 4,175 reviews. According to the site, 89% of people rated approved debt relief as “Excellent”, 9% rated it as “Excellent” or “Average” and less than 3% rated it as “Poor” or ” Bad “.

How to Contact Approved Debt Relief

There are two ways to contact Accredited Debt Relief customer service if you have any issues.

  • E-mail customerservice@acrelief.com
  • Call 877-201-2548 weekdays 5 a.m. to 9 p.m. PT and weekends 5 a.m. to 4 p.m. PT.

Conclusion

Accredited Debt Relief is best for anyone who has at least $10,000 in unsecured debt — think credit cards, medical bills, and payday loans — and wants to reduce the total amount they owe. . But fees range from 15% to 25% of the total amount listed, and the services aren’t available in at least 19 states.

If you are unsure about Accredited Debt Relief, see how it compares to the best debt relief companies before making a decision.

Find out if you qualify for debt relief

Free and non-binding estimate

Frequently Asked Questions (FAQ)

Is Accredited Debt Relief a legit company?

Yes. Accredited Debt Relief is a legitimate company that helps struggling individuals and families reduce the amount of their unsecured debt. The company has an A+ rating with the BBB and thousands of positive customer reviews online.

Is Accredited Debt Relief the same as Beyond Finance?

Yes, Accredited Debt Relief is a division of Beyond Finance, which is an Accredited Member of the American Fair Credit Council (AFCC).

How do I cancel approved debt relief?

You can opt out of the Accredited Debt Relief program at any time by contacting your debt specialist. You will get all the money back to your dedicated account minus any fees you owe.

Is Approved Debt Relief Right For Me?

You may want to sign up for a free consultation with Accredited Debt Relief if you have at least $10,000 in unsecured debt and are having trouble making payments, or if you have accounts in collections or feel that financial stress has an impact on your quality of life.


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iPaydayLoans Review: Best Loan Service for Your Financial Emergencies https://soutiens.org/ipaydayloans-review-best-loan-service-for-your-financial-emergencies/ Sat, 01 Oct 2022 12:38:05 +0000 https://soutiens.org/ipaydayloans-review-best-loan-service-for-your-financial-emergencies/ In this thing we call life, you cannot escape emergencies. Some of them meet us prepared, while others are quite unexpected. When money is at stake, you need the fastest way to get a loan and pay it back later. The problem is, you don’t know where you can get emergency funds faster than calling […]]]>


In this thing we call life, you cannot escape emergencies. Some of them meet us prepared, while others are quite unexpected. When money is at stake, you need the fastest way to get a loan and pay it back later.

The problem is, you don’t know where you can get emergency funds faster than calling friends. Finding this blog means getting the answer to solve such a problem. We’ll introduce you to the best platform to secure you a loan to settle the inevitable.

There are more categories for the loan you need, and they’re all in one place.

Let iPaydayLoans help you with your financial emergencies

You can quickly get loan services on your smartphone or computer. One of the effortlessly available platforms is . It is web-based, making it easy to access through any internet-connected device.

What else can I do? It will help you find the best lender in your deprivation situation more quickly. There are also different types, from same day loans to installment loans. To explain it better, let’s look at what you get from the platform when looking for emergency cash.

Why is iPaydayLoans the best loan service?

There are certain qualities that make this website the go-to choice. They have this in store to help you get a loan faster.

Quick loan approval

First, it is a platform that helps you find a lender quickly. Thus, it saves you from having to find the lender yourself. Once you submit your information, the representatives will review it.

After that, they will get lenders that match your details. For you, choosing and waiting for money in your bank account is what you need to do. Funds arrive within 24 hours and some loans arrive sooner.

If you compare this process to banks and other financial institutions, you know what to choose.

It’s good for bad credit

Some of us don’t have the best credit rating to approach the banks. Others don’t even have it. With iPaydayLoans, you can always secure a loan, regardless of the score shown.

There are loans with lousy credit considerations and those that don’t even require a credit score. It doesn’t matter where you lie. The platform will help you out and offer you competitive rates that you can work with as you repay.

Well connected to online lenders

It is a platform with various lenders that can work with different forms of information when presented. Your job is just to apply and choose the most suitable lender. All of these lenders have friendly terms and what you see is what you get.

No hidden fees or colorful schemes make you regret taking the loan.

Reinforced security throughout

No one sees your information except the competent authorities. There is military grade encryption when sending and the website is SSL certified. The interaction happens between the devices you use and the well-secured servers.

Any unauthorized access by a third party is never entertained.

How to apply for an emergency loan through iPaydayLoans

Do you want to access rapidly? Here are the steps you need to complete the process.

Step 1: Access iPaydayLoans

Start by searching for the website through your favorite browser. Once on the website, you can start by checking out the available loans. The interface is compatible with different screen sizes. So it won’t be difficult to get what you need.

Step 2: Access the emergency loan you need

You can use the top navigation to check the loan types available. There are different types of payday loans available and different amounts you can get instantly. You can also check loan types if you need more than just instant loans.

Step 3: Apply for the loan and receive the money

Once you have clicked on the chosen loan, select the amount you need and complete the online form. Representatives will receive information on the other end. They will verify this before matching you with the best lenders.

Choose the lender with the best terms and get your loan approved within the same day or even hours.

Types of emergency loans available on iPaydayLoans

There are several types of loans that you can acquire. We can’t discuss it here, so you have to visit the website. Here are some of the categories of emergency funds available on iPaydayLoans.

Personal loans

You might want to settle a few house bills or pull a stuck car off the road. Whatever that personal emergency, you can count on the personal loans page for help.

Quick loans

You can also get cash advances through the “Borrow Money” category. You can click on different amounts and apply quickly without any paperwork. Everything from submitting information to getting the loan will happen online.

Payday loans

This major category allows you to obtain loans that you can repay during your next payday. So, if that day is far away, you can get an emergency loan from iPaydayLoans. The terms are friendly, and once you’ve settled the loan, you’re guaranteed to have more next time.

Loans for bad credit

Even those with bad credit scores have emergencies. Thus, this platform can consider you if you are afraid to go to the bank with your file. What iPaydayLoans will see is your earnings and the bills you pay.

In short, they will be lenient with you and find you a lender who can take your credit score into account.

Installment loans

There are also quick loans for those who need more and pay later in installments. In some cases, you may require guarantees in this regard. The iPaydayLoans support team will help you find a lender with the best payment terms.

Short term loan

You can get a short-term loan quickly if you have a good credit score. If you have a long project that needs funding before completion, iPaydayLoans can help you get money for it.

Depending on the lender, you can get suitable repayment terms that give you enough time to cover the loan.

Securities lending

You can also acquire a title loan which requires you to have collateral. Those with good credit may not worry too much about receiving it. All you need is a decent warranty to make it work.

Those who have a bad one can also use high-value warranties to help them get the same.

Conclusion

This is what iPaydayLoans offers to those who need to solve financial emergencies. Whatever cash flow problem you are facing, this is a platform that has been proven to help you. As it is accessible online, you can apply for a quick loan anywhere.

All you need to remember are your contact details and you’re good to go. The support team is always there to help you get the best lenders on time.

The information on this page is provided by an independent third party content provider. Binary News Network and this site make no warranties or representations in this regard. If you are affiliated with this page and would like it removed, please contact [email protected]

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10 Best Online Loans for Bad Credit with Guaranteed Approval https://soutiens.org/10-best-online-loans-for-bad-credit-with-guaranteed-approval/ Thu, 29 Sep 2022 13:24:00 +0000 https://soutiens.org/10-best-online-loans-for-bad-credit-with-guaranteed-approval/ This is sponsored content. All views and opinions are those of the advertiser and do not reflect the same as WXYZ Channel 7. Are you unable to get a loan due to bad credit ratings and your background? We have what you need ! Loans are useful when you need to make a high-value purchase […]]]>


This is sponsored content. All views and opinions are those of the advertiser and do not reflect the same as WXYZ Channel 7.

Are you unable to get a loan due to bad credit ratings and your background? We have what you need !

Loans are useful when you need to make a high-value purchase or in an emergency. However, most institutions require a perfect credit history for loan approval, which is not always possible. Additionally, many have strict policies that are not feasible for ordinary people.

In times of financial need, you need lenders willing to give you loans without a month’s review period. Luckily, we’ve combined a list of services to connect you with reputable lenders who offer loans without credit check.

If you can’t get a loan due to bad credit and history, here are the top ten no credit check loans or bad credit loan services of 2022.

1: – No credit check loans for people with bad credit scores and background.

2. – The perfect personal loan near me for an emergency.

3: – One of the best online payday loans.

4. – Good value loans with same day financing.

5. – No background checks, same day financing loans.

6. – Good for consolidating debt.

seven. – Minimum documents required.

8. Loans for bad credit in UK – Good for getting loans with bad credit.

9. Payday Loans UK – 24 hour payday loans

ten. – Ideal loan for the unemployed.

Bad Credit Loans in USA – No Credit Check Loans for People

Are you having trouble getting a loan because of your bad credit history and credit ratings? is here to help! Without a credit check, you can get a loan immediately and get approval from their reliable lenders.

They offer the easiest borrowing route for those with bad credit history by connecting them with a panel of reputable lenders.

You can visit their website and follow these steps to get your loan.

Enter your information

To complete your online loan application, complete their form and answer a few short questions. You can submit anytime, from anywhere using a computer, smartphone or tablet.

Get approval from their lenders

Our panel of lenders will receive your application and review it to determine your eligibility based on the data you provided. Fortunately, our lenders will approve you as soon as possible.

Receive your loan amount

You can receive money immediately in your checking account on the same day or the next business day after agreeing to the lender’s policies and conditions.

Advantages

  • Short term loan;
  • Don’t demand a perfect credit history;
  • Quick and easy process;

The inconvenients

  • It is difficult for borrowers to resolve their queries due to complex homepage design.

CocoLoan – The Perfect Payday Loan Near Me For An Emergency

Quick Loans are small, temporary loans that can be used to meet unexpected expenses. These loans, which generally range in value from $50 to $5,000, can be beneficial in times of need when people do not have access to other resources.

Finding the right lender is crucial if you want a quick loan. As a trusted broker, allows you to get in touch with respectable fast lenders in the United States. They simplify the process and guarantee a favorable outcome so that you can receive the money without delay or inconvenience.

The types of loans that CocoLaon grants are:

When looking for loans on CocoLoan, a bad credit score is not a problem. Even if your credit rating is low, they will have lenders who will give you a loan. They will carefully review the data you have provided to them and your credit history before deciding how much to give you. However, don’t worry about credit history either, as there is no rigorous credit check.

Advantages

  • No prepayment fees;
  • Minimum credit report;
  • No setup fees;

The inconvenients

  • APR may seem like a lot compared to other options.

WeLoans – One of the Best Online Payday Loans

Apply online with for a safe and fast personal loan. Get payday loans quickly and effortlessly, even if your credit isn’t the best.

Payday loans, commonly called cash advances, are short-term loans that you must repay with your next paycheck. It offers cash-strapped people a safe and convenient way to cover cash shortages and urgent, unforeseen obligations, like medical bills.

Their lenders won’t take long to accept a payday loan because they do a soft credit check. In just 24 hours the money should be in your account.

Advantages

  • Flexible credit checks;
  • High approval rate;
  • Funding can take as little as a day;

The inconvenients

  • It is currently not available in all jurisdictions.

FAQs

Q1: How can I get fast money without credit check?

You can get fast loans without a credit check with You just have to follow these steps:

  1. Enter your information in their form;
  2. Wait for approval from a lender;
  3. See the terms and conditions given by the lender;
  4. Approve the agreement;
  5. Easily receive your loan amount even with bad credit ratings and background;

Q2: Is it possible to get a $5,000 loan with bad credit?

Yes, it is possible to obtain loans of up to $5,000 with Bad loans in the United States, CocoLoan, and WeLoans with a bad credit history. These services will connect you with lenders who will review your information with a soft credit check. Lenders will offer you offers. If you accept the terms and conditions, you can accept an offer and get financing the same day or the next business day.

One last word

A bad credit history or bad credit rating can kill your dream of getting a loan. However, don’t let that stop you from applying for the services mentioned here.

These services will connect you with excellent lenders who will approve your loan application despite poor credit scores and your background.

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Andrew Barnes: 14 years after the GFC, have we learned anything? https://soutiens.org/andrew-barnes-14-years-after-the-gfc-have-we-learned-anything/ Sun, 25 Sep 2022 02:00:34 +0000 https://soutiens.org/andrew-barnes-14-years-after-the-gfc-have-we-learned-anything/ In The Big Short, Christian Bale portrayed investor and doctor Michael Burry, one of the first to discover the US housing market bubble. Paramount Photo/Pictures OPINION: One of my favorite films is The Big Short, which chronicles the events leading up to the global financial crisis of 2008. The film shows how the big financial […]]]>

In The Big Short, Christian Bale portrayed investor and doctor Michael Burry, one of the first to discover the US housing market bubble. Paramount Photo/Pictures

OPINION:

One of my favorite films is The Big Short, which chronicles the events leading up to the global financial crisis of 2008.

The film shows how the big financial institutions played with the system and took

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