No credit check – Market DCD http://market-dcd.com/ Just another WordPress site Sat, 08 Jan 2022 10:08:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://market-dcd.com/wp-content/uploads/2021/06/icon-2021-06-29T174343.113.png No credit check – Market DCD http://market-dcd.com/ 32 32 Best Financial Stocks of January 2022 – Forbes Advisor https://market-dcd.com/best-financial-stocks-of-january-2022-forbes-advisor/ Sat, 08 Jan 2022 02:16:01 +0000 https://market-dcd.com/best-financial-stocks-of-january-2022-forbes-advisor/ Strong long-term performance. Over the past 30 years, financial sector profits have grown much faster than the economy as a whole, enabling financial companies to pay above-average dividends to their shareholders and create strong price-to-earnings ratios. While past performance is no guarantee of future success, it can be helpful to look back to assess investment […]]]>

Strong long-term performance. Over the past 30 years, financial sector profits have grown much faster than the economy as a whole, enabling financial companies to pay above-average dividends to their shareholders and create strong price-to-earnings ratios. While past performance is no guarantee of future success, it can be helpful to look back to assess investment opportunities.

No longer regulated after the Great Recession. The 2008 financial crisis exposed problems in the financial sector that governments around the world struggled to resolve through regulation. Today, financial companies are required to take more steps to avoid problems, such as holding higher minimum capital levels to protect against losses. This reduces their risk compared to the sector in the past.

Luck for government support in recessions. The health of the financial sector has a direct impact on the health of the global economy. As a result, financial firms can count on special support during a recession or financial crisis. When banks ran into financial difficulties during the Great Recession, for example, governments bailed out many of them.

Benefit from rising interest rates. Today, interest rates are close to their historic lows. However, when they increase, banks, credit card companies and other lenders could increase their income by charging higher rates. Insurance companies can also earn more from their fixed income investments as bond interest rates rise.

Fintech innovation. Financial sector stocks have benefited from innovations such as blockchain, mobile payment applications and robo-advisers, laying the groundwork for further growth in the sector.


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Rêv enters the US payments market with the launch of the super app X World Wallet ™ https://market-dcd.com/rev-enters-the-us-payments-market-with-the-launch-of-the-super-app-x-world-wallet/ Tue, 04 Jan 2022 20:45:00 +0000 https://market-dcd.com/rev-enters-the-us-payments-market-with-the-launch-of-the-super-app-x-world-wallet/ AUSTIN, Texas – (COMMERCIAL THREAD) –Today, Rêv USA, Inc. (“Rêv”), a payment product innovation company, announced the national availability of The X World Wallet, an application-based multi-currency debit account combining a program. loyalty program, a travel booking portal and discounts, with an integrated global sustainability initiative. The X World Wallet account is easy to load […]]]>

AUSTIN, Texas – (COMMERCIAL THREAD) –Today, Rêv USA, Inc. (“Rêv”), a payment product innovation company, announced the national availability of The X World Wallet, an application-based multi-currency debit account combining a program. loyalty program, a travel booking portal and discounts, with an integrated global sustainability initiative. The X World Wallet account is easy to load from a user’s existing bank account (s) and is linked to physical and digital Visa cards that can be easily added to Apple, Google, and Samsung Pay digital wallets for convenience.

“We are proud of the value that The X World Wallet provides to customers,” says Roy Sosa, CEO of Rêv USA’s parent company, Rêv Worldwide, Inc. “In a world of high interest rates, we have purposefully built an exclusive loyalty program on a debit platform so that customers can earn maximum rewards without the burden of the high annual fees and interest charges that too often accompany affinity credit cards ”, a- he added.

The X World Wallet will be marketed directly to consumers and through strategic partnerships that include community banks and credit unions, among others. Christopher C. Doyle, President of Texas First Bank, Member of the Board of Directors of the Independent Bankers Association of Texas (IBAT) and Member of the Payments and Technology Committee of the Independent Community Bankers of America (ICBA), said, “The X World Wallet offers a world-class digital experience and functionality. It offers a collaborative model where Rêv helps banking partners like us create new sources of revenue and respond quickly to our clients’ demand for robust and competitive fintech products in the market today.

Based on nationwide consumer spending reported by Visa and Mastercard, digital payments have skyrocketed during the pandemic and continue to gain popularity around the world, in part thanks to new fintech products offering easy services. to register, mobile-centric, plug and play. In the United States, Visa’s own research confirms that tap-to-pay transactions have increased 30% year-over-year, and a recent finder.com survey found that approximately 150 million Americans have used a digital wallet at some point, reflecting an increase in wallet adoption.

The availability of The X World Wallet in the United States is a homecoming for the founders of Rêv, Roy Sosa and Bertrand Sosa, who also founded Netspend, a leader in the prepaid debit industry. Rêv has focused in recent years primarily on providing payment products to overseas markets, including Europe, Australia, Brazil and the Middle East.

Non-Credit Check, No App Reloadable Visa X World Wallet ™ Debit Cards available on Account X are issued by Texas First Bank, under license from Visa Inc. and subject to cardholder’s terms and conditions. There are no offline or online purchase transaction fees, or foreign conversion fees when using the Visa X World Wallet card (s). Standard ATM fees and applicable exchange rates apply. For more information on The X World Wallet, visit xworldwallet.com.

About Rêv

Rêv is a fintech company, founded by prepaid debit industry pioneers Roy and Bertrand Sosa, dedicated to delivering innovative payment experiences to consumers around the world. Its solutions are based on the company’s proprietary multi-currency and multilingual payment processing platform. With extensive experience in developing a number of firsts in the payments industry, Rêv focuses on the general and international banking and travel sectors. Rêv has partnered with companies around the world to launch products in North America, Latin America, Europe, the Middle East and Asia-Pacific. Learn more at revworldwide.com.

About Texas First Bank

Texas First Bank, founded in 1973, operates along the Texas Gulf Coast and provides business and personal banking services, including checking, savings, insurance, investing, and treasury products. The bank provides a robust suite of cardholder services that encompass credit, debit and prepaid programs. For more information, visit texasfirst.bank.


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5 pandemic-friendly side activities you can do from home https://market-dcd.com/5-pandemic-friendly-side-activities-you-can-do-from-home/ Sun, 02 Jan 2022 13:32:35 +0000 https://market-dcd.com/5-pandemic-friendly-side-activities-you-can-do-from-home/ Here’s how to increase your income without leaving your home. You may have reached the point where rising gas and grocery prices are making it harder to stretch your paycheck. Or, you may have financial goals you want to achieve, like building up a $ 3,000 balance in your savings account or paying off a […]]]>

Here’s how to increase your income without leaving your home.

You may have reached the point where rising gas and grocery prices are making it harder to stretch your paycheck. Or, you may have financial goals you want to achieve, like building up a $ 3,000 balance in your savings account or paying off a $ 1,500 balance on a credit card.

A side activity could be exactly what gives you more purchasing power and helps you achieve your personal goals. There are plenty of side gigs to choose from in today’s economy.

But if you’ve taken a more cautious approach to the pandemic, you may not want a job that requires you to interact with others in person. If so, don’t worry, there are plenty of side jobs you can do without leaving your home. Here are five to consider.

1. Writing and editing content

If you are good at words, grammar, or attention to detail, you may be able to land a job writing or editing web content. This type of work can not only be done remotely, but you can, in fact, be more efficient if you do it from the comfort of your own home. The less background noise you have to deal with, the less likely you are to make mistakes.

2. Website design

Designing websites is not something that everyone can learn and do. But if you have the skills, you might be successful in securing a constant flow of customers whose websites need to be created and maintained. In addition, there is no need to meet these clients in person when Zoom does the trick discussing the details to guide you in your work.

3. Data entry

Entering data might not be the most exciting job there is, but it could be your ticket to a good extra paycheck. Equally important, it is work that can be done remotely. Plus, it can be quite easy to land a data entry contract, especially among companies looking to move their business online.

4. Telemarketing

Those annoying marketing calls that you kept getting over the lunch hour growing up? You could be the one who starts making them! While telemarketing might not be your ideal sideline, it is one that can most definitely be done from a distance. The job can be pretty easy – you just read a script, over and over, and try not to flinch when half the people you call hang up.

5. Tutoring

For younger students, in-person tutoring is probably a better bet than distance tutoring. But for high school or older students, a remote tutoring setup can work just fine. If you are proficient in a difficult academic subject, it helps to see if you can get tutoring gigs where you meet on Zoom and help clients develop their skills.

A lot of people are working remotely these days – and that extends to those with secondary difficulties. If you want to increase your income without taking risks from the pandemic, it pays to explore these options for work you can do from home.


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Churchill Mortgage Review | Ascension https://market-dcd.com/churchill-mortgage-review-ascension/ Fri, 31 Dec 2021 15:24:45 +0000 https://market-dcd.com/churchill-mortgage-review-ascension/ Best benefits A lender who helps you develop a strategy for paying off your debts Churchill is different from other lenders in a way that you may find very attractive. Its mission is to do what’s right for you. Churchill says, “We want to prepare you for financial success and ultimately set you free.” Churchill’s […]]]>

Best benefits

A lender who helps you develop a strategy for paying off your debts

Churchill is different from other lenders in a way that you may find very attractive.

Its mission is to do what’s right for you. Churchill says, “We want to prepare you for financial success and ultimately set you free.”

Churchill’s unusual approach is to focus on your financial well-being, not on getting the best bang for your buck. Churchill suggests loan options that get you out of debt faster and at lower cost. To get a faster repayment, you usually need to buy a home in a lower price range. If that’s not right for you, Churchill offers traditional 30-year mortgages.

Mortgage without score

Churchill Mortgage offers a home loan to borrowers with no credit score. This is because Churchill is for people who have worked hard to pay off their debt. Work really hard – some of those hopeful buyers closed all of their credit accounts and spent years paying them down to zero. Others are part of the cash lifestyle tribe and generally shy away from credit because of the cost and potential for financial pain. Either way, the absence of recently reported credit data can leave a person without a credit score. It does not mean that you are not creditworthy.

The No Score Mortgage could be a great option for you if you don’t have or don’t want credit accounts. It could also be a great choice if you are considering building credit but haven’t started yet.

Specialized mortgage options

Along with the usual choices, Churchill also offers a few mortgage options that can’t be found everywhere:

  • USDA loan: a no-down loan for low- to moderate-income borrowers who purchase a qualifying home, usually in a rural area
  • Bank statement loan: for independent borrowers who want to qualify on the basis of cash flow rather than tax returns and pay stubs
  • Doctor loan: a low down payment without mortgage insurance for high income healthcare professionals
  • Construction credit: for borrowers who buy a house that has not yet been built

Churchill says that in 2022 he will offer a piggyback loan option. Piggyback loans are typically used to help a borrower avoid mortgage insurance. For example, you put down a down payment equal to 10% of the purchase price, get an 80% mortgage, and get a piggyback loan (second mortgage) for the remaining 10%.

Low down payment mortgage

Churchill offers a number of home loan options that require a very low down payment. You can get a conventional mortgage in Churchill with a down payment of 3%. If you qualify for a VA loan or a USDA loan, the down payment requirement is zero.

Free rate cap

Churchill offers a free price cap. (Some lenders call this a rate freeze.) After your rate is approved, Churchill keeps it for you free of charge for 90 days. If mortgage rates drop before your loan closes, Churchill will lower your rate. If mortgage rates go up, yours stay the same. You can extend your price cap for an additional 90 days if necessary.

Note that the cap rate is not available on all loans.

Monitoring refinancing rates

If you want to keep an eye on interest rates and refinance your mortgage as soon as it is financially reasonable, you can sign up for Churchill’s Rate Watch. You are automatically notified when interest rates reach your target.

What could be improved

No home equity loan or HELOC

Churchill does not currently offer a Home Equity Loan or Home Equity Line of Credit (HELOC). If you want to access the equity in your home, you must apply for a cash refinance loan.

Lack of transparency

Churchill does not disclose its rates, fees, or specific qualifying criteria. There are application fees, but Churchill does not say how much they are or whether they are repayable when you close your loan. Likewise, the original fees are unknown until you apply.


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Less federal aid comes as Americans enter third year of pandemic https://market-dcd.com/less-federal-aid-comes-as-americans-enter-third-year-of-pandemic/ Wed, 29 Dec 2021 16:47:00 +0000 https://market-dcd.com/less-federal-aid-comes-as-americans-enter-third-year-of-pandemic/ With the rapid spread of the Omicron coronavirus variant, the start of 2022 promises to be uncertain. Experts warn that the Covid-19 outbreak cases will continue for at least a week, and some economists are lowering their forecasts for next year. Restaurants have slowed, thousands of flights have been canceled, and Broadway shows have been […]]]>
With the rapid spread of the Omicron coronavirus variant, the start of 2022 promises to be uncertain. Experts warn that the Covid-19 outbreak cases will continue for at least a week, and some economists are lowering their forecasts for next year. Restaurants have slowed, thousands of flights have been canceled, and Broadway shows have been canceled.
But there is good news. Although Omicron is highly contagious, early research indicates it will not cause serious illness for most people vaccinated and boosted. Before the new variant hit the United States, the unemployment rate fell to 4.2% in November, a new pandemic-era low, and early data shows Americans shopped more for the holidays this year.

Congress passed three major Covid-19 relief programs in 2020 and 2021, authorizing approximately $ 5.7 trillion in federal spending. Most of that money has already been spent.

Federal aid already expired

Stimulation controls: Low- and middle-income households have received an estimated $ 817 billion in federal stimulus payments sent directly to their homes or to their bank accounts since March 2020. The money has come in three rounds, the last of which was sent in the spring. 2021.

Each round had slightly different qualifying parameters, but lawmakers purposely did not place too many limitations on checks in order to withdraw the money as quickly as possible. Americans with the lowest incomes got the full amount, and the value gradually faded for those who earned more.

The first round of payments was worth up to $ 1,200 per person, the second round was worth up to $ 600 per person, and the third round of payments has been valued up to $ 1,400.

Increased unemployment benefits: Around the same time last year, the unemployed could expect several more months of improved pandemic unemployment benefits, including a $ 300 increase in their weekly payments.
Congressional Democrats renewed the three pandemic programs under the American Rescue Plan Act again in March, but increased federal aid expired across the country on Labor Day.

In addition to providing additional weekly payments, Congress had extended unemployment benefits to concert workers, freelancers, independent contractors, self-employed workers and some people affected by the coronavirus. It also extended the duration of payments for those who had exhausted their regular state benefits.

The surge in Covid-19 cases since then has not resulted in an increase in the unemployment rate or in the number of people filing initial unemployment claims.

Monthly payments of the enhanced child tax credit: Qualifying families received a total of nearly $ 93 billion in monthly payments this year under the enhanced child tax credit. But the final payments were distributed on December 15.

The extension, which is only effective for 2021, was part of the American Rescue Plan Act. Biden and lawmakers were hoping to extend it for a year in the Build Back Better package.

Parents received up to $ 300 for each child up to age 6 and $ 250 for each age 6 to 17 on a monthly basis between July and December, which was half the improved credit. Families will receive the other half when they file their 2021 tax returns next season.

In total, the extended credit offers up to $ 3,600 for each younger child and up to $ 3,000 for each older child.

Additionally, more low-income parents have become eligible for the full amount because lawmakers have made it fully refundable. It had only been partially repayable, leaving more than 26 million children unable to obtain full credit because their families’ incomes were too low, according to Treasury Department estimates.

Paid sick and family leave: In 2020, Congress guaranteed many workers two weeks’ pay if they contracted Covid-19 or were in quarantine. It also granted an additional 10 weeks of paid family leave to those staying at home with children whose schools were closed or caring for a sick family member. These benefits expired at the end of 2020, but the government continued to provide tax credits to employers who voluntarily chose to offer the benefit until October 1.

Money for small businesses: Three major federal small business assistance programs are no longer accepting new applications. The Paycheck Protection Program, which provided nearly $ 800 billion in forgivable loans, ran out of money in May.

A program that provided grants specifically to restaurants allocated its entire $ 28.6 billion prize pool in July, just two months after it opened. The grant program sent money to more than 100,000 restaurants but did not meet the demand. It had received at least 278,000 requests totaling over $ 72 billion in requested funds.
Site operators with shutters The grant program has also ceased to receive new applications, but remains open to grantees seeking a second grant. It has disbursed more than 21,300 grants, for a total of $ 13.5 billion.

Distressed small businesses can apply for loans through the Small Business Administration’s Economic Disaster Loan program until December 31.

Federal assistance always available

Student loan relief: Those with federal student loans have not had to make any payments since March 2020. Meanwhile, interest has stopped accumulating and collections on overdue debts have been suspended. Borrowers’ balances were effectively frozen if they chose not to continue making payments.

The break on payments has been extended several times. Payments are now expected to resume on May 1.

Rental assistance: Congress has authorized $ 47 billion for emergency rental assistance over the past year, and more than half of those funds remain available.

Households are eligible for the cash if they have experienced financial hardship as a result of the pandemic, have incomes equal to or less than 80% of their region’s median income, can demonstrate a risk of homelessness, or are already eligible unemployment benefits.

Hundreds of state, county, and city-run programs have been created to distribute the money. They have been successful in many communities, but some have been extremely slow in disbursing money. The Treasury Department is currently transferring unused funds to places that have run out of money and still have people in need.

A federal moratorium on evictions expired in August after being in place for almost a year. Evictions have increased since then, but remain well below the historic average before the pandemic, according to The Eviction Lab at Princeton University.

Health care subsidies: Americans can still access generous federal grants to purchase Affordable Care Act policies for 2022.

The enhanced aid, created under the American Rescue Plan Act, has helped attract a record number of consumers to Obamacare scholarships. So far, more than 13.6 million people have selected plans for next year. Open registrations end on January 15th.

The stepped up grants, which are only in place for this year and next, aim to address long-standing complaints that Obamacare plans are not affordable for many people, especially the middle class.

Enrollers pay no more than 8.5% of their income for coverage, compared to almost 10%. And low-income policyholders and the unemployed receive subsidies that essentially eliminate their premiums.

In addition, those earning more than 400% of the federal poverty line are now eligible for the first time.


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How do I get a life insurance loan? https://market-dcd.com/how-do-i-get-a-life-insurance-loan/ Tue, 28 Dec 2021 14:00:30 +0000 https://market-dcd.com/how-do-i-get-a-life-insurance-loan/ Can you borrow against life insurance? Yes. Should are you borrowing from life insurance? The answer depends on the cost of borrowing against life insurance. In short, a policyholder who takes out a loan on a life insurance policy and repays it quickly enough to avoid interest charges may be acceptable. But an insured who […]]]>

Can you borrow against life insurance? Yes. Should are you borrowing from life insurance? The answer depends on the cost of borrowing against life insurance.

In short, a policyholder who takes out a loan on a life insurance policy and repays it quickly enough to avoid interest charges may be acceptable. But an insured who takes money out of a life insurance policy without a plan may soon learn that life insurance loans can ultimately be more expensive than expected.

Life insurance loans can be tricky – terms vary widely depending on the company and the type of policy. When borrowing against life insurance, it is important to consider the downsides. For example, here are three of the financial consequences of borrowing a life insurance policy:

1. Aggravated debt

How interest works can be a bit tricky with a life insurance loan. Suppose an insured takes out a loan of $ 25,000 at an interest rate of 8%. Interest for the first year is $ 2,000. The policyholder can either pay the $ 2,000 out of pocket (with a principal payment if he wishes) or pay the $ 2,000 from the cash value remaining in his policy. If they choose to withdraw the cash value funds, that amount is added to their total debt, so they now owe $ 27,000. The following year they owe interest on $ 27,000, which adds another $ 2,160 to the debt, and so on.

There is a bit of “babysitting” that must go on after an insured borrows against life insurance, especially if it allows interest to accumulate. At some point, they can withdraw more money than they have in their policy, and the policy will expire. If the policy expires and is canceled, they lose everything they paid, no longer have the death benefit to bequeath to the heirs, and are likely to owe taxes on the money withdrawn.

2. Tax implications

As long as a policy is active, the accumulated funds are not taxable. However, it is considered a taxable gain when the cash value of the policy exceeds the premiums paid.

Here’s a simplified example: Suppose someone pays on a policy for 20 years. They pay a total of $ 20,000 in premiums and the cash value increases to $ 23,000. They borrow 85% of the cash value, or $ 19,550. They are in a difficult situation and stop paying the premiums. First, the insurance company accesses the remaining $ 3,450 in cash value to cover the premiums. Once those funds are gone, they cancel the policy. The IRS then says that the policyholder owes taxes on the difference between the cash value that was in the account ($ 23,000) and the total that he has paid over the years in premiums ($ 20,000 ), and sends him an invoice for $ 3,000.

3. Changes in death benefits

Any unpaid portion of a life insurance loan on the death of the policyholder is deducted from the death benefit. For example, if someone dies because of $ 60,000 on a life insurance policy valued at $ 500,000, beneficiaries receive $ 440,000.

An interesting note about permanent life insurance and death benefits is that insurance companies “absorb” any accumulated cash value. Let’s say a person has a $ 500,000 policy that has accumulated a cash value of $ 50,000. When they die, their beneficiaries receive $ 500,000, but the insurance company pockets the $ 50,000. The only workaround is if the insured has purchased a special rider that gives cash value to the estate.


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Avoid Scams When We Return Holiday Gifts Best Stories https://market-dcd.com/avoid-scams-when-we-return-holiday-gifts-best-stories/ Sun, 26 Dec 2021 20:55:00 +0000 https://market-dcd.com/avoid-scams-when-we-return-holiday-gifts-best-stories/ ROCKFORD (WREX) – With all the Christmas presents open, some ideas may not have gone well. The Better Business Bureau tries to make sure that the process for returning gifts can be as smooth as possible. BBB officials say the process can be easier if we keep a few things in mind. “Stores are not […]]]>

ROCKFORD (WREX) – With all the Christmas presents open, some ideas may not have gone well.

The Better Business Bureau tries to make sure that the process for returning gifts can be as smooth as possible. BBB officials say the process can be easier if we keep a few things in mind.

“Stores are not legally obligated to accept exchanges or refunds, unless the merchandise is faulty or warped,” said Dennis Horton, director of the BBB’s regional office in Rockford. “While most retailers offer refund and exchange programs, policies vary widely from store to store. “

The BBB says every customer should know the policies of any store, especially when it comes to returns when shopping online. You can also ask if there is a restocking fee, or if they offer a cash refund, exchange, or store credit. For online orders, check if there is a store nearby where you can return the gift in person rather than paying shipping costs.

Dennis Horton recommends, no matter what, to check any store’s return policies.

“Be sure to check the policies this holiday season, even if you know the brand, because stores can change their policies whenever they want,” Horton said.

The BBB indicates that some stores may have a limited period during which returns can be processed. If you are returning a gift, make sure you have the original receipt and packaging. Some stores may ask to see your ID to verify that you have paid for the gift, thus avoiding any scams.

Be sure to include the gift receipt with any gifts you give, and keep the receipt with any gifts you receive during the holidays.

With any electronic device or household appliance, a warranty could be included with the gift. Make sure you understand the details of warranty policies, such as where to bring the broken gift and how repairs are done.

When it comes to gift cards, the BBB advises buying gift cards from the relevant store or from a legitimate website. Some unfamiliar websites may offer gift cards with big discounts, only to steal card numbers or other information.

If you are purchasing a gift card from a physical store, check the packaging for tears or any activation or identification numbers on display, as the card may have been compromised. The BBB also recommends studying how any gift card can be used, how to register the card, and where to report a lost or stolen card.

The BBB says if you see a scam, regardless of whether you have been affected by it or not, to report it to their Scam tracker.


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Best business credit cards with no personal collateral requirement for December 2021 – Forbes Advisor https://market-dcd.com/best-business-credit-cards-with-no-personal-collateral-requirement-for-december-2021-forbes-advisor/ Fri, 24 Dec 2021 23:35:20 +0000 https://market-dcd.com/best-business-credit-cards-with-no-personal-collateral-requirement-for-december-2021-forbes-advisor/ The Brex 30 card does not require any collateral as it sets credit limits based on cash flow and determines a business’s eligibility for qualification based on spending habits and sales volume. This means that no credit check is required for business owners without strong or established credit. Businesses with at least $ 50,000 in […]]]>

The Brex 30 card does not require any collateral as it sets credit limits based on cash flow and determines a business’s eligibility for qualification based on spending habits and sales volume. This means that no credit check is required for business owners without strong or established credit. Businesses with at least $ 50,000 in professionally managed funds or at least $ 100,000 in cash in a bank account are usually able to get a Brex card.

Rewards: 8 points per dollar on carpooling, 5 points per dollar on trips booked through Brex Travel, 4 points per dollar on restaurants, 3 points per dollar on recurring software and 1 point per dollar on everything else

Welcome bonus: 30,000 points after spending $ 3,500, or 50,000 points after spending $ 9,000 within 30 days

Annual subscription : $ 0

Other advantages and disadvantages: The Brex 30 Card is a payment card, which means it must be paid off in full every month. Businesses looking to keep balances should look elsewhere, but for those who can pay a fee every month (or even every day), the Brex 30 Card offers a long list of benefits.

With no annual fees or overseas transaction fees, businesses using the Brex card exclusively and paying for it from a Brex Cash account will see the best points per dollar spent on rewards.

Carrying a Brex Card also comes with other rewards, like big discounts from a number of providers like Amazon Web Services, Slack, UPS, Quickbooks, Google Ads, Freshworks and more. The rewards of the card make it ideal for flushing businesses without the need for an introductory 0% APR, welcome bonus, and no desire for annual fees.

Read our Brex 30 Card review to find out more.


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Millennial Money: Time to Build Your Credit https://market-dcd.com/millennial-money-time-to-build-your-credit/ Tue, 21 Dec 2021 12:08:30 +0000 https://market-dcd.com/millennial-money-time-to-build-your-credit/ Sooner than you think, your credit score will start to count. A strong credit rating can make all the difference … Sooner than you think, your credit score will start to count. A good credit score can be the difference between qualifying for or missing out on a low-interest apartment or car loan. So, to […]]]>

Sooner than you think, your credit score will start to count. A strong credit rating can make all the difference …

Sooner than you think, your credit score will start to count.

A good credit score can be the difference between qualifying for or missing out on a low-interest apartment or car loan. So, to get credit ready when you need it, now is the time to start building a good, long credit history.

There is more than one way to get credit, and it can be as simple as reporting your current bill payments to the major credit bureaus. But keep in mind: building credit takes diligence, especially since missing payments can hurt your score for years to come.

WHAT IS CREDIT AND WHY IS IT IMPORTANT?

Your credit score is a number that typically ranges from 300 to 850 and is calculated based on how reliably you have paid off your past debts, such as credit card bills. Lenders use your credit score to predict the likelihood of you paying off your debt.

Your credit score helps determine what loans you can receive, what interest you will be charged, what credit cards you can qualify for, and what properties you can rent. An employer can even check your credit history. Having a good credit rating can save you money down the road, mainly through lower interest rates when you get a loan.

If you are starting out with no credit history, you are not alone. In the United States, nearly 40% of people aged 20 to 24 have little or no credit history to generate a score, according to the Consumer Finance and Protection Bureau. Unfortunately, the same is true for around 20% of the population.

Building up your credit can seem overwhelming if you haven’t thought about it before, but there are plenty of strategies you can employ even if you’re just getting started. Start by establishing good debt management habits, such as not taking on more debt than you can afford, says Brittany Mollica, a certified financial planner based in Chapel Hill, North Carolina. Missed payments will damage your score and can become a burden when you need to borrow money in the future.

“It’s really important to have good habits to always pay your bills,” says Mollica. “You don’t want to have to come out of a hole with all kinds of credit card debt you’ve racked up, especially by starting early.”

CREDIT CARDS –– AND ALTERNATIVE CARDS

Credit cards can be a great tool for building credit, but they can also hurt your score if you take on more debt than you can handle.

If a parent or other trusted person in your life has a high credit limit and a long history of timely payments, you could become an authorized user on their account and benefit from their good credit. It’s one of the easiest ways to lengthen your credit history, says Blaine Thiederman, a certified financial planner in Arvada, Colorado.

Becoming an authorized user will also affect your credit utilization rate, or the amount of money you owe lenders divided by the total credit you have, which can improve your credit score.

If you have your own income, you can apply for a credit card at the age of 18; otherwise, you have to wait until you are 21. A secured credit card is usually the best credit card to start with. A cash deposit secures these cards, and because the credit card company may accept this deposit if you miss payments, people with short or poor credit histories may be eligible.

The deposit you need to make for a secured credit card could be a burden, and if so, another card could be better for you. These cards use income and bank account information to determine your creditworthiness rather than your credit score.

MONTHLY INVOICES

If you live independently, payments for rent, utilities, and phone bills can all be reported to the credit bureaus. So paying those bills can boost your credit if they’re on time and you’ve reported them.

Unlike credit card payments, these payments are not flagged automatically and may require a third-party service, such as Experian Boost or UltraFICO, to notify the credit bureaus of your payments.

Keep in mind that these services sometimes require a fee and reporting your bill payments may not always affect your credit score; instead, they may just show up on your credit report.

LOANS

Making regular loan payments can also help build your credit. And even if you don’t have a credit history, some loans are available.

Loans to credit builders rely on income rather than credit for approval. If you are approved, the loan is in a bank account and becomes available after you have paid it off. Your monthly payments are reported to the major credit bureaus.

Student loans are another loan that you can use to build your credit when you are starting out. Federal student loans do not require credit to qualify, unlike most private student loans. Paying off your loans will help boost your credit history, and you can get started while you’re still in school by making interest-only payments.

_________________________

This column was provided to The Associated Press by the NerdWallet personal finance website. Colin Beresford is a writer at NerdWallet. Email: cberesford@nerdwallet.com. Twitter: @Colin_beresford.

RELATED LINKS:

Data point: Invisible credits https://files.consumerfinance.gov/f/201505_cfpb_data-point-credit-invisibles.pdf

NerdWallet: Does Paying Bills Increase Your Credit? https://bit.ly/nerdwallet-will-paying-bills-help-build-credit

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


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People must stop losing their minds to Joe Manchin and Biden’s stimulus bill https://market-dcd.com/people-must-stop-losing-their-minds-to-joe-manchin-and-bidens-stimulus-bill/ Sun, 19 Dec 2021 19:47:00 +0000 https://market-dcd.com/people-must-stop-losing-their-minds-to-joe-manchin-and-bidens-stimulus-bill/ Congressional Democrats spent this last Sunday before Christmas in a state of collective panic, against West Virginia Democratic Senator Joe Manchin finally and unequivocally President Biden’s Build Back Better spending plan. And that’s a shame – the Democrats’ response, that is. Here’s what’s going on, to let everyone know. The rest of Biden’s agenda is […]]]>

Congressional Democrats spent this last Sunday before Christmas in a state of collective panic, against West Virginia Democratic Senator Joe Manchin finally and unequivocally President Biden’s Build Back Better spending plan. And that’s a shame – the Democrats’ response, that is.

Here’s what’s going on, to let everyone know. The rest of Biden’s agenda is now essentially at the mercy of whatever happens in the midterm election year of 2022. That’s because the Senate has now adjourned for 2021. Without, of course, embracing Biden Build Back Better’s $ 1.7 trillion spending plan – the plan that, among other things, sought to extend the monthly child tax credit stimulus checks by one year. . Because Democrats barely control the Senate, and in fact only control it on a technical point, Manchin spoke out a ‘no’ on the bill in a Sunday interview that sent his outlook in the tubes for the moment. And there is no guarantee, at least not yet, that his chances of passing will be better in January.

Manchin middle finger in Biden

Of all places, Manchin – again, a Democrat – chose the Fox News Sunday aired on Sunday, December 19, as an opportunity to finally declare that he will not support the bill in its current form, and that’s it. Manchin’s “no” puts him in league with 50 Republicans against the bill, so there is a majority against.

Does that mean that the provisions of the bill, such as the extension of stimulus checks, will never see the light of day? Of course not. It is not Senator Manchin’s fault that the Biden administration decided to “mow the kitchen” of its national agenda, placing all the priorities the administration could think of in a staggering Frankenstein of a bill – and not even the first bill with a price tag over a billion dollars this year either. One trillion, of course, is one of those numbers that rarely occurs naturally in the real world. There aren’t even a trillion people on the planet. But once politicians win their local popularity contests and are sent to Washington DC to spend other people’s money, trillion-dollar legislation begins to fly.

Just blame the guy you can’t convince

One approach, now that the administration’s all-or-nothing legislative package has gone up in smoke, is to break it. The extension of the Child Tax Credit stimulus check, for example, is probably the most popular aspect of Build Back Better among voters. Instead, however, Democrats have for now chosen to do the same thing party members do whenever they are in power:

It’s a lot easier to get personal and blame the guy who doesn’t stand in line. Instead of doing something else – in fact, legislating. Convince others of the merits of their position, bargain, negotiate.

The same party that spent four years demonizing the Republican Senate for walking along with President Trump’s platform is now reading to tar and pluck Senator Manchin because it won’t do the same for theirs.

Obviously, none of you have read a history book. What you are witnessing now is actually one of the best things about American democracy. More precisely, it is the absence of a concentration of power built into the system. Interestingly, if you stop the average person on the street and ask them what they think makes America great? They are likely to tell you things like our freedom of the press. Or, perhaps, our right to free speech, to assemble peacefully. That sort of thing. Completely oblivious to the fact that even countries ruled by despots, like Russia, have a similar bill of rights.

White House: It’s all Manchin’s fault

The difference is that here, unlike there, power is not concentrated in one person or one branch of government.

It doesn’t matter whether Senator Manchin spoke against the bill today because he is some sort of independent-minded maverick, or completely in the pocket of a special interest group, or for another reason. This is the system, and these are the rules. It is certainly not the controversial West Virginia senator’s fault that Democrats failed to convince enough voters last year to give them more than a barely there Senate majority.

Meanwhile: If, like me, you think that this notion of control over power that the drafters have built into our system of governance is one of the best things about it, then you should also be appalled at the unfortunate inclination of two parts to change. the rules when they don’t like a result. All the rules, from court runaway to abandonment of filibuster. That’s the kind of thing kids do, changing the rules, when things don’t go as planned in the playground.

And give me a break with one Democrat after another yelling at the press today that Senator Manchin is the source of everything wrong with the world. Rather than taking an introspective look at what went wrong – to greet the failure with the determination to identify what happened and try something new next time – the White House released Sunday a long embarrassing screed attacking Manchin. It’s all his fault, in other words.

Focus on COVID-19

No wonder, in the first year of this president who has promised to “stop the virus” and restore courtesy and two-party politics to Washington, COVID-19 is more than ever out of control.

Inflation is at its highest level for three decades. Crime is skyrocketing (in the words of Speaker of the House Nancy Pelosi: “There is an attitude of anarchy in our country that comes from I do not know where”). The resentment between the parties still looks a lot like it was last year, under President Trump. As a result, Biden’s approval rating dropped.

“The thing we should all be focusing our attention on is (is) the variant… we have (COVID) coming back to us in so many different ways in different ways. It affects our lives again.

Absolutely right. Do you know who said those words on Sunday?

West Virginia Senator Joe Manchin.



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