Cash loan – Condenetint Thu, 20 Jan 2022 14:21:01 +0000 en-US hourly 1 Cash loan – Condenetint 32 32 How to crush your vacation debt Thu, 20 Jan 2022 14:21:01 +0000

The holidays are gone without a trace. Well, almost. Long after the decorations have fallen, you still have debts lying around.

Don’t let this ruin your year. Here’s what you can do to take control of your vacation debt.


First, gather some important details about your debt. List your accounts for each type of debt you have. Maybe you’ve split your vacation purchases between two different credit cards and a “buy now, pay later” loan, for example.

For each debt, write down the amount you owe, the minimum payment amount, the interest rate, and the payment due date. Staying organized can keep bills from sneaking up on you.

Next, carefully review receipts for your vacation purchases, says Bruce McClary, senior vice president of communications for the National Foundation for Credit Counseling. “Compare it with what’s on your credit card statement to make sure you’re being charged accurately and that there are no mistakes that could prove costly,” says McClary.


Determine how much you can afford to repay each month. The 50/30/20 budget is a framework you can use to balance your debt with your income and other expenses. With this rule, 50% of your monthly income is spent on necessities, 30% on needs, and 20% on savings and debt repayment.

You can also use budget apps like Mint and You Need a Budget to automatically track your spending by category, says Jeff McDermott, a certified financial planner in Saint Johns, Florida.

“It just gives someone a baseline to get an idea of, ‘What do I normally spend? What kind of cash flow should I have to start paying off some of that debt? able to cut back a bit to free up some cash to tackle debt? says McDermott.


Once you have a good idea of ​​how much you owe and your budget, set up a repayment plan. You’ll pay off your vacation debt sooner if you make more than the minimum monthly payments.

McClary suggests using online debt calculators or tools to estimate your debt-free date. “You can test strategies of adding different amounts to the minimum payouts to see how quickly it would pay off.”

If you are unable to pay above the minimum on several debts at this time, you can take care of one at a time. There are two main methods for prioritizing repayment: debt snowball and avalanche.

With the debt snowball, you first pay extra on the debt with the smallest balance, while making the minimum payments on the others. Once you clear that debt, apply the amount you were paying to pay off the next smaller debt, and repeat. With Debt Avalanche, you focus on the account with the highest interest rate first.

“The avalanche, where you attack the debt with the highest interest rate first, usually makes the most sense. It’s mathematically the best,” McDermott said. “The only downside to that is that sometimes it can be hard to feel like you’re progressing if that particular card is really high.”

Which method is right for you? Pick the one you’ll feel most motivated to stay on track with, McDermott says.


Here’s what you can do to speed up the debt repayment process:

CONSIDER CONSOLIDATION. Consolidation combines multiple debts into one payment, usually through a personal loan or balance transfer card. This approach can make it easier to manage your debt and reduce the overall interest rate you pay on it. Usually you will need a good or excellent credit score. Before applying, McClary suggests getting a copy of your credit report and checking your credit scores to get an idea of ​​your eligibility.

NEGOTIATE WITH CREDITORS. Picking up the phone can also pay off. “If you think the interest rate you’re being charged isn’t the best rate you could qualify for right now, talk to your credit card company and see if there’s a lower rate than they can give you or better terms on the card,” McClary says.

EARN EXTRA MONEY. An increase in income gives you the opportunity to pay off your debts more quickly. You can earn money on the side (such as through a dog walking gig or a cash back app) or use a boon, like a tax refund.


This article was provided to The Associated Press by personal finance website NerdWallet. Lauren Schwahn is a writer at NerdWallet. Email: Twitter: @lauren_schwahn.

OVBC ANNOUNCES CASH DIVIDEND Tue, 18 Jan 2022 22:24:00 +0000 Can I take out a payday loan instantaneously?

When you need a fast loan, the lender might not be able to provide you with the funds you need in a matter of minutes, in person or online. If a lender is offering immediate loans, they are likely to try to defraud you. To examine your application and then transfer funds, lenders must wait at least a couple of hours. In general, you will receive cash within 24 hours when applying for one of the most rapid installment loans.

GALLIPOLIS Ohio GALLIPOLIS, Ohio 2022 /PRNewswire/About January 18 2022, Ohio Valley Bench Corp. (Nasdaq: OVBC]

The Board of Directors approved the cash dividend amounting to $0.21 for each common share, payable in February, 2022 to shareholders with a record date of the end to business January 28th 2022. OVBC keeps an ongoing annual quarterly dividend that is $0.21 for each ordinary share.

Chairman and President Tom Wiseman said: “Despite the uncertainty that has characterized the past two years because of this pandemic,” our dedication to remain an independently-owned community bank has never been as strong as ever. We ended 2021 with opening a branch in order that will better service our clients living in Mason County. Mason. We also launched Race Day Mortgage, Inc. as a new branch within Ohio Valley Bank. We were also successful in resuming the IMPACT programme for our employees. This lets our bankers leave their regular jobs to serve in the communities that we love to serve. The loyalty of our shareholders is very important in our efforts to advance, expand and continue to place our customers first.”

Ohio Valley Banc Corp. has its headquarters headquartered within Gallipolis, Ohio. The main companies that the Company has subsidiaries include: Ohio Valley Bank and Loan Central. Ohio Valley Bank is an FDIC insured Federal Reserve member state bank with 16 offices across Ohio in addition to W.Va. It also manages Race Day Mortgage, an online-only direct-to-consumer mortgage company. Loan Central, which specializes in tax preparation and lending, is a finance firm with six branches in the southern part of Ohio. The shares in Ohio Valley Banc Corp. are listed on the NASDAQ Global Market under the symbol OVBC. For more information, go to

Contact: Scott Shockey Where Bryna Butler, (740) 446-2631, 1-800-468-6682

SOURCEOhio Valley Bench Corp.

are controversial loans a financial savior or a debt trap? Mon, 17 Jan 2022 06:00:00 +0000

Turning your own home into an ATM without having to sell it can be a real boon for older homeowners – but freeing up capital can also be a “costly mistake” when used for the wrong reasons.

Freeing up cash can provide a lifeline for those who need to pay off existing mortgages that have come due or help family members who are trying to move up the housing ladder themselves.

Others choose it to improve their housing, pay for vacations or simply generate additional income to better enjoy their retirement.

But it can be costly in the long run, and many homeowners who have taken out capital release plans have lived to regret it. Should we take the leap? Telegraph Money spoke to two Equity Release users to find out what went right – and what went wrong.

‘Equity release saved my £1.1m home’

Robert Bicknell, 64, a singing teacher, said the stock release was key to saving his beloved £1.1million home in Brixton.

Mr Bicknell has worked from home all his life, using his large music room for the past 25 years, but feared he would have to sell when his £280,000 interest-only mortgage ended in September 2021.

“I have searched for three years trying to buy elsewhere but it is very difficult to find anything suitable to work in London’s travel zone 2. A new music room would cost me £50,000 to install “, did he declare. The private singing teacher has coached West End stars, rock bands and RnB big names.

He said: “I’m in my prime, I can still work and it was very important for me to stay here. I decided it was a good time to take out a lifetime mortgage when interest rates were low.

Mr Bicknell secured an equity release deal with an interest rate of 4.09% through provider Legal and General. He said he was told he could move out and defer the life mortgage if he decided to move in the future.

“I have no regrets, it was great. Why move and get new neighbors and change places of work when I can stay,” he said.

Claire Singleton of Legal and General said she expects using your home to fund retirement, in particular, will become more common.

The ideal candidate for equity release is someone over the age of 55 who has a definite need to borrow that cannot be met any other way, says equity release specialist Andy Wilson. at Andy Wilson Financial Services, a solidifier advisor.

“They will only take what is likely to be spent or used quickly, and may have a drawdown reserve for any additional borrowing needs that may arise. If they have sufficient income, they will be better advised to consider paying the interest charged to get the debt under control,” he added.

“The release of shares was a terrible mistake”

Lifetime mortgages may be the solution for some, but others have found themselves trapped under the weight of spiraling debt.

Craig Bannister*, 88, from Stockport, who is terminally ill, said he deeply regrets taking an equity release and it has become a ‘painful burden’ on him and his wife, who is suffering of dementia.

The octogenarian freed up £50,000 from his £350,000 home 20 years ago to fund home renovations and a cruise in retirement, intending to repay the loan on the move a few years later. However, the move never materialized and the amount owed has since soared to £260,000, thanks to a compound interest rate of 6.69pc.

“None of us can contemplate moving in our current fragile state of health. In the unlikely event that I live much longer, the remaining capital will be zero,” he said.

“There should be safeguards in place to cap these loans when they reach wildly unrealistic levels – or at least the ability to re-mortgage at a lower rate.”

The way interest is calculated on capital release loans means that debts accumulate much faster than on a traditional mortgage. Higher interest rates can have a devastating impact, as the owner’s stake in the property is reduced more quickly.

Lifetime mortgages arranged years ago were expensive, unregulated and caused regret for many borrowers, but today’s plans have far more protections in place, Wilson said.

The solution to increasing debt is to pay off some or all of the monthly interest charged, depending on the advisor. This prevents the debt from increasing, or at least allows it to increase more slowly, thereby preserving more of the property’s value.

However, repaying all the equity released can lead to huge penalties, as it is designed as a “lifetime loan”.

Older owners who want to access money from their property to give an early inheritance to family members can use capital release, but the long-term cost of doing so will be higher, Wilson warned.

“Releasing large sums as part of an estate tax mitigation exercise can be flawed, with compound interest potentially exceeding potential tax liability,” he said.

Life mortgages can also create problems in cases where one person in a couple is the sole owner of the property. In this situation, if the owner dies, the non-borrowing partner will not have the right to stay in the accommodation.

*Name has been changed

Woman gets 4 years in prison for stealing COVID funds and vacationing in Miami Sat, 15 Jan 2022 13:22:47 +0000

GEORGIA (WRBL) – A Georgia woman has been sentenced to four years in prison for her involvement in a pandemic fraud scheme in which she used false information to obtain $150,000 in economic disaster loans. The Jefferson County woman then cashed in on the loan and used the money in part to pay for a vacation in Miami.

On Friday, Whitney Adwan Mack, 34, was sentenced to 48 months in federal prison after pleading guilty to county wire fraud, according to officials from the U.S. Attorney’s Office, Southern District of Georgia.

U.S. Attorney David H. Estes said COVID relief funds have helped many people with struggling businesses during the pandemic, but also provided an opportunity for people who thought they could rob the government.

“Unfortunately, the lure of money has also attracted crooks who have tried to enrich themselves by defrauding taxpayers during a national emergency, and they are being held accountable,” Estes said.

Officials said Mack admitted that in July 2020, when applying for economic disaster loans related to COVID-19, she lied about the number of people her company employed and the company’s revenue. ‘business.

Additionally, Mack also used someone else’s Social Security number to apply for the loans, officials say.

Officials said that after receiving $150,000 in EIDL, Mack withdrew much of the funds in cash and used some of the proceeds for a Miami vacation.

“Mack stole critical funds intended for small businesses facing real economic hardship due to the pandemic and breached the integrity of the Social Security number,” said Gail S. Ennis, Inspector General of Social Security. Administration.

After his release from prison, Mack will have to pay a $5,000 fine and serve three years of probation.

Redfin pledges to buy Bay Equity home loans for roughly $ 135 million Tue, 11 Jan 2022 23:04:00 +0000
By Kimberly Chin

Redfin Corp. has agreed to acquire Bay Equity Home Loans in a cash and stock deal valued at approximately $ 135 million as the company aims to be a one-stop-shop for brokerage, lending and d ‘other services.

Seattle-based Redfin plans to pay two-thirds of the purchase price in cash and one-third in Redfin shares.

Founded in 2007, Bay Equity Home Loans is a national full-service lender in 42 states and is nearly 10 times the size of Redfin’s current lending business, Redfin said. The Corte Madera, Calif., Company had a total origination volume of $ 8.5 billion in 2021. Redfin’s origination volume was $ 985 million.

Bay Equity’s ladder will help Redfin produce loans more efficiently and secure better terms when those loans are sold to investors, Redfin said. Bay Equity’s lending system will also help the company reduce its spending on lending software, he added.

The Bay Equity management team will continue to be under the Bay Equity mantle. It will continue to provide mortgages for clients who work with Redfin agents or other brokerage firms, or for clients looking for refinancing.

Redfin’s revenue more than doubled in the third quarter as the company benefited from strong home purchase demand spurred by the pandemic. The company expanded its brokerage services and exceeded 100 markets served.

Redfin has said it will consolidate its mortgage operations under Bay Equity. As a result, it will cut around 121 employees of Redfin Mortgage, or less than 2% of its total workforce, mainly in the areas of sales support, capital markets and operations, the company said. Some employees, including Redfin’s loan officers, will be transferred to Bay Equity. The company has no plans to fire Bay Equity employees.

Redfin expects to incur a one-time charge of about $ 6-7 million related to downsizing, and about $ 3.5 million in transaction advisory fees. It will also incur an impairment charge of approximately $ 2-3 million on its in-house developed mortgage-focused software.

Nonetheless, Redfin expects the transaction to generate earnings per share in 2022, he said.

The deal is expected to be finalized in the second quarter.

Write to Kimberly Chin at

It is the most expensive real estate ad in the United States. Take a look inside. Mon, 10 Jan 2022 00:43:00 +0000

Mansion “The One” in the Bel-Air district of Los Angeles.

Courtesy Unlimited Style Real Estate Photography

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Newcastle transfer book: Magpies offered cash incentive to Barcelona star and recruiting dynamic explained Sat, 08 Jan 2022 10:00:00 +0000

Newcastle United recruiting manager Steve Nickson has so far played an important role in the club’s affairs in January.

No director of football has yet been appointed, former GM Lee Charnley left and Nick Hammond’s role mainly that of consultant on certain targets, Nickson has conducted most of the discussions with representatives of Kieran Trippier this week.

Former youth scout Blackburn Rovers has remained at Newcastle despite the changes at the top.

Go here for all the latest Newcastle United news

But Amanda Staveley and her husband Mehrdad Ghodoussi drove the transfer fee.

Asked about the dynamics of the window, Howe said, “We’re looking at a more collaborative effort.

“I was delighted with the way the relationship formed.

“At the end of the day, as a manager, I have to take full responsibility for everything that happens. I am ready to do it.

“I will take full responsibility for the players who enter.

“There is no way I can watch all the players that are offered to me.

“But by signing a player, I have to know everything about him, his strengths and weaknesses.

“Real details. And it takes time. That’s why I look slightly tired. This month is a big change.”

Barcelona defender remains an option

A loan offer from Barcelona to take Samuel Umtiti until the end of the season will include an incentive for Newcastle.

Eddie Howe said today that he does not have a “blank checkbook” at his disposal despite suggestions that there is a bottomless pit in St James’ Park.

Center-back Umtiti has plenty of money at Barca up to £ 16million a year.

But the financially struggling Nou Camp club are ready to pay a cut in their wages, something Newcastle might like if they close the deal.

Matty Longstaff’s future is still unclear

Eddie Howe has said he will wait a few weeks before deciding what to do next for Matty Longstaff.

The player is back at the club after a loan spell at Aberdeen.

The choice is straightforward for Howe to either loan him to an EFL club or use him in his squad.

With injury issues in midfield, one would think Longstaff would be close to having a chance, but Howe played down talks of an immediate return to the squad.

When asked if he would play against Cambridge, he replied: “You will have to wait for the squad sheet”.

There is a feeling Howe will go with a senior squad given Newcastle’s lack of playing time during the holiday season.

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Rangers issue 5 million new shares in January, Ibrox cash boost as Gers announces Dave King Thu, 06 Jan 2022 08:21:00 +0000

Another five million shares were issued in the Rangers holding company – at a cost of £ 1.25million.

The shares of Rangers International Football Club Ltd were allotted on December 23 and were bought at 25 pence per share.


5 million additional shares were issued.
The transaction, completed in December, was filed yesterday


The transaction, completed in December, was filed yesterday

It is not known exactly who made the purchase, but the shares were all sold for cash.

The news came in the form of a post on the Companies House website naming ex-chairman Dave King as someone who had ceased to exercise significant control, with a date on the register of June. 2021.

Match days and non-match days revenue for the fiscal year ended June 2021 fell by more than £ 12million and deficits have been blamed on the impact of the Covid pandemic.

Rangers announced in November that they had to borrow funds of £ 7.5million by the end of the season.

They msuffered heavy losses of £ 23.5million in the past fiscal year and cited the Covid-19 pandemic to have hit the club’s pockets hard – with chiefs also noting £ 5million in spending for Ibrox , the club’s training center and the ambitious Edmiston House renovation project.

The sale of Nathan Patterson has generated “hefty record transfer fees” for the club with the promise of more down the line.

?? Follow our LIVE transfer blog for all the latest updates in the window

The Gers also sanctioned the recent spending of new manager Giovanni van Bronckhorst and pledged to give him a budget to strengthen in January.

Yesterday, the Dutchman bought James Sands on an 18-month first loan from New York City FC, with an exclusive call option.

Retaining the title is crucial, with a guaranteed prize pool of £ 30million for the Scottish Premiership winners this season.

It was revealed last month that former Gers chairman King wants a sensational return to the Rangers board.

SunSport revealed that the former president had notified the Ranger hierarchy of his explosive intentions.

Former Gers president King voted AGAINST Graeme Park’s re-election to Ibrox’s board at the club’s AGM.

Former Ranger Chief Dave King


Former Ranger Chief Dave KingCredit: PA
Dave King ceased to be a person with significant control


Dave King ceased to be a person with significant control

President Douglas’ son returned to the club’s board of directors after securing the support of 81.1% of shareholders at the annual general meeting in December.

But he did so with far less support than Vice President John Bennett and Director Alastair Johnson, who were elected with 100% and 98.5% of the votes cast respectively.

And this is because, as the Glagow Times, King used his 15.45% stake in RIFC plc – held through New Oasis Asset Limited – to vote AGAINST the second resolution and Park’s election to the board of directors.

Keep up to date with ALL the latest news and transfers on the Scottish Sun football page

Rangers-linked James Sands replaces Italian legend Andrea Pirlo as local youngster makes MLS debut

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KBRA assigns preliminary ratings to BVINV 2022-1 – NMP Tue, 04 Jan 2022 14:27:14 +0000

The Kroll Bond rating agency (KBRA) has assigned preliminary ratings to 60 classes of Oceanview Mortgage Trust 2022-INV1 (BVINV 2022-1) mortgage transfer certificates.

The transaction is backed by prime mortgages, primarily agency-eligible, for investment purposes. The BVINV 2022-1 pool consists of 1,196 fixed rate first mortgages with a total principal balance of $ 393.4 million as of the deadline of December 1, 2021. The pool is characterized by significant equity capital. of the borrower in each mortgaged property, as evidenced by the weighted average loan to initial value (WA) ratio of 65.6%. The initial weighted average credit score is 769, which is well within the range for prime mortgages.

KBRA assigned the preliminary scores as follows:

  • A-6, A-15, A-18, AF, AX, A-21, A-IO1, A-IO6, A-IO7, A-IO15, A-IO16, A-IO18, A-IO19, A- IO22, A-IO23, A-IO24: AAA
  • B-1: AA +
  • B-2: A +
  • B-3A: BBB +
  • B-3B: BBB-
  • B-4: BB-
  • B-5: B-
  • B-6, A-IO-S, X, R, RL: not classified

KBRA’s scoring approach included a loan-level analysis of the mortgage pool through its RMBS credit model, a review of the results of due diligence of third-party loan files, a cash flow modeling analysis of the payment structure of the transaction, reviews of key parties to the transaction, and an assessment of the legal structure and documentation of the transaction.

BVINV 2022-1 is entirely made up of investment real estate loans. Investor properties have generally shown a greater propensity to default compared to owner-occupied homes and are generally more susceptible to speculation and potentially uncertain sources of income. T

BVINV 2022-1 is fully mortgage-backed for investment purposes with limited exposure to Qualified Mortgage (QM) / Repayment Ability (ATR) rules. The majority of mortgages for investment property are considered business loans and are therefore exempt from the QM, ATR and TILA-RESPA Integrated Disclosure (TRID) rules. Only 0.3% of the pool’s loans are non-QM loans.

For more information or to read the full report, visit (registration required).

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6 expert tips to become a self-made millionaire Sun, 02 Jan 2022 14:47:49 +0000

  • I asked financial advisors and accountants what trends they were seeing among their self-made millionaire clients.
  • They said these clients have emergency savings, take full advantage of employer benefits, and are playing the game long.
  • They also work hard and stick to a budget to make choices for their money.
  • Read more stories from Personal Finance Insider.

This year a few people I know have become self-made millionaires.

When they added up their net worth, from money in their savings accounts to their investment portfolios, they were worth seven digits. After hearing this, I became even more determined to sort out my own finances and aim for that millionaire status at some point in the future – maybe before I turned 40 (I’m currently 33).

To help stop financial mistakes and stay focused on smart strategies, I chatted with financial advisors and accountants, and asked them to share the best things their clients did in 2021 to become self-made millionaires. Here is what they had to say.

1. They have emergency funds

When we think of wealth creation, it is important to also think of risk management. This is why the financial planner Justin nabity says millionaire clients have emergency funds.

“Having a substantial financial reserve that you can access in an emergency is very helpful,” says Nabity. “A rainy day fund that’s instantly ready for withdrawals can help you deal with an unforeseen need, like an urgent auto repair or medical bills. You won’t have to put the cost on a high interest credit card or take out a personal loan that way. “

Nabity says most of their clients have monthly expenses of six to nine months, but you should do what works best for your cash flow.

2. They take advantage of employer offers

If you are working in a business, you might be missing out on opportunities that can help you increase your net worth. Nabity says it’s important to thoroughly examine your employer’s benefit options, as companies can offer more than just retirement plans; they can also help you save money and invest to increase your income.

Nabity says it might be worth checking to see if your employer offers programs like:

  • workplace retirement match
  • group life and disability insurance from your employer (purchasing these insurance policies separately can save you a lot of money)
  • Employer Health Savings Account (some employers will match your payments up to a specific amount if you qualify for an HSA)
  • Employee share purchase plans

3. They play the long game

While we might want to find ways to become self-made millionaires ASAP, Wesley botto, a financial planner and accountant, says many of his clients have built their wealth by driving the point home over a long period of time.

“Even some clients with more modest income throughout their lives have managed to become millionaires by saving regularly over a long period of time,” says Botto. “A lot of our clients pay into their company pension plans, but the wealthiest are finding a way to save beyond their retirement plans. “

4. They work more than the average person

If becoming a self-made millionaire is a priority in your life, Scott Hastings, a CFA, says you may have to work more than you think.

“For a few years you might have to work more than the average person and even work weekends and holidays,” Hastings explains. “That way you earn faster and you track your income better. I remember my client telling me that he isn’t really looking for money, but rather the freedom that comes with money.”

5. They have a budget

Getting rich isn’t just about making money, it’s also about being strategic with your finances. Accounting Andrew Lokenauth says customers who keep a budget track their money more efficiently.

“Not having a budget makes it difficult to know where you are spending your money, or difficult to have control over your spending in general,” says Lokenauth. “Once you have a feel for your financial situation, you can invest additional cash in the stock market.”

6. They find ways to earn more

If you are working towards becoming a millionaire, it helps if you have a plan to increase your income as well. Lokenauth says a great strategy is to work for a raise or promotion at work, find a new job with higher pay, or work on a “side crush.”

“The most effective way to get a raise is to keep a document and update it weekly with your accomplishments, the issues you solved, and the value you added to the job,” Lokenauth explains. “Then when it’s time for your annual review or to discuss a raise, you’ll have plenty of examples of why you deserve a raise. “

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