Quebec Economy – Celenire http://celenire.com/ Fri, 21 Jan 2022 17:56:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://celenire.com/wp-content/uploads/2021/07/icon-1-150x150.png Quebec Economy – Celenire http://celenire.com/ 32 32 What’s up with… UK telecom pricing, EU Digital Services Act, Telenor in Myanmar, changing access https://celenire.com/whats-up-with-uk-telecom-pricing-eu-digital-services-act-telenor-in-myanmar-changing-access/ Fri, 21 Jan 2022 17:15:54 +0000 https://celenire.com/whats-up-with-uk-telecom-pricing-eu-digital-services-act-telenor-in-myanmar-changing-access/ Bad news for UK broadband customers, a move towards safer internet in Europe and the announcement of a revived M&A deal for Telenor topped today’s news. BT is facing heavy criticism for its decision to raise prices for consumer broadband and phone lines by an anti-inflation average of 9.3%, especially at a time when UK […]]]>

Bad news for UK broadband customers, a move towards safer internet in Europe and the announcement of a revived M&A deal for Telenor topped today’s news.

BT is facing heavy criticism for its decision to raise prices for consumer broadband and phone lines by an anti-inflation average of 9.3%, especially at a time when UK households are facing the prospect of a spike in domestic bills (particularly for utilities) in 2022. While BT notes that prices will not change for “financially vulnerable customers on BT Home Essentials, BT Home Phone Saver and BT Basic”, and attempts to justify the move with a list of reasons why it needs to charge more (retention of investor dividends was not mentioned), the operator drew criticism for the rise in the UK media, with a national newspaper ( The Telegraph) referring to the price increases as a “work from home tax” and estimates that 14 million customers will see their bills rise from the end of March. BT is not alone – Vodafone United Kingdom increases its broadband prices by 9.3% and speak speak by 9.1%.

In more positive news for BT, its mobile division, EE, is by far the best performing cellular service provider in the UK, based on extensive testing by RootMetrics (now owned by Ookla) during the second half of 2021. See this announcement for all shared results and statistics.

The European Parliament approved the Digital Services Act which aims to “tackle illegal content, ensure platforms are held accountable for their algorithms and improve content moderation”. Danish MEP Christel Schaldemose said: “Today’s vote shows that MEPs and European citizens want ambitious and future-proof digital regulation. Much has changed in the 20 years since the adoption of the e-commerce directive. Online platforms have become increasingly important in our daily lives, bringing new opportunities, but also new risks. It is our duty to ensure that what is illegal offline is illegal online. We must ensure that we put in place digital rules for the benefit of consumers and citizens. We can now start negotiations with the Council, and I believe we will be able to achieve results on these issues. You can read the European Parliament’s announcement here and also get more details on the late changes to the text of the law in this EurActive article.

TelenorThe sale of its Myanmar operating unit to Lebanese firm M1 Group is back on after the ruling military junta cleared the sale now that M1 has a local partner on board as part of the deal. In July 2021, keen to exit the market due to increasing restrictions, Telenor agreed to sell its Myanmar operations to M1 for $105 million, but the deal was blocked by the military in September. apparently due to lack of local involvement. Now Reuters is reporting that the junta is ready to approve the deal after M1 struck a partnership with local company Shwe Byain Phyu Group. Earlier this week, Telenor announced an agreement to sell its 51% stake in Digital Money Myanmar (aka Wave Money) for $53 million to Yoma MFS Holdings. (See Telenor Group agrees to sell its stake in Wave Money to Yoma Strategic.)

Soft Bank raises 30 billion Japanese yen (264 million US dollars) through the issuance of new bonds to develop its “High Altitude Platform Station (HAPS)” business which aims to provide extensive and stable telecommunications networks from the stratosphere” SoftBank highlighted its HAPS plans when it outlined key challenges facing the communications industry as it moves “beyond 5G” and into the 6G era.

The England cricket team may have just lost, miserably and miserably (again) to Australia in the all-important ‘Ashes’ biennial test match series, but the Brits and Australians remain good friends. and allies. Hence today’s announcement that the two countries will cooperate in a partnership on cyber and critical technologies to “deter cyberattacks before they happen.” Full details have yet to be revealed, but the underlying intent is “to increase deterrence by increasing the costs of hostile state activities in cyberspace, including through the strategic coordination of our cyber sanctions regimes.” /with Britain or Australia and the two countries will retaliate to attackers with coordinated technological responses, deterrents, sanctions and punishments.The two nations will also exchange cybersecurity personnel and work closely together in this so-called “cyber drills” developing “a global standard-setting action plan to ensure that global standards meet our security priorities, our economic interests and reflect our values”. The agreement is an integral part of the newly formed AUKUS partnership between Australia, the UK and the US in an alliance to counter aggressive Chinese expansionism in the Pacific and Indian Oceans. It “will focus on cyber capabilities, artificial intelligence, quantum technologies, and additional underwater capabilities.”

Here is another example of the shamelessness and arrogance of America’s “Big Tech” companies: for years they fought against regulation and tried to prevent the passage of any law that would reduce their power. excessive. Now, however, with Democrats and Republicans opposing Facebook, Amazon, Apple, Google, etc., in bilateral determination to clip each other’s wings, things are starting to move and anti-trust legislation is finally on the way. elaboration. In response to something that has already taken an unreasonable amount of time, the Silicon Valley behemoths and their ilk, along with the mighty phalanx of their highly paid lobbyists, are actually complaining that Capitol Hill is “rushing” bills designed to cut them down to size. And that from a group of companies whose responses to complaints about their monopolistic and anti-competitive tendencies have always been so deliberately slow that the movement of tectonic plates resembles a Formula 1 Grand Prix in comparison. In an effort to further delay the introduction of new laws, trade bodies representing Big Tech corporate interests are complaining that the Senate Judiciary Committee is going beyond itself by beginning to craft antitrust legislation without having a say. first held a series of hearings where Silicon Valley “experts” would be able, for weeks and months, to “criticize and give their opinion” on legislative proposals, while the companies they represent would blithely continue on their free and well-trodden way. It’s not like any of this is new to Facebook et al. US authorities have already conducted a 16-month investigation into Big Tech and released a 450-page report on their findings that Big Tech must be controlled and monitored through strict regulation and legislation – and, despite Cupertino’s new cries and Mountain View, it seems increasingly likely that they will.

News today from research you wouldn’t necessarily expect to be conducted by a payday loan company, but Cashfloat, a UK company that’s described as “a technology and data-driven lending company [that] develops and integrates technologies to enable affordable loans online” has just published a report on the relative longevity of UK start-ups in which telecommunications come in at the bottom of the Top 10. It seems that every month in the UK an average of 7,800 Google searches are made on “how to start a business”. Since one in five startups fail, Cashfloat set out to find out which industries have the most successful survival rate. It looked at the survival time of 3.2 million new businesses listed on Companies House’s UK register in various sectors, designated by standard industry classification code (SIC) and business number, then analyzed the period between the incorporation of a new company and its dissolution and closure. or acquisition. The data was collected in November 2021 and shows that start-ups in the water sector (including water engineering and the construction of water and wastewater plants) are the best performers , with an average survival rate of 2,718 days (approximately 7 years and 4 months). That’s 1,375 days (or roughly 3 years and 7 months) longer than the worst-performing start-up sector, namely telecoms. At number 2 on the list is the gambling sector, which has an average life expectancy of 2,315 days (6 years and 3 months), followed by specialized research companies created for a specific and limited purpose. They stay in the game for 2,061 days (5 years and 6 months) on average. Behind them comes the broadcasting industry with an average survival rate of 1,735 days (4 years and 7 months) and the financial services sector at 1,558 days (4 years and 2 months). Pulp and paper, transport, culture and electronics occupy places six to nine and poor old telecoms only squeak at number 10. Research, while interesting and valuable, is necessarily a general approach, so Without seriously digging into a mass of data, it’s not immediately obvious that telecoms should fare relatively badly, but the industry is notorious (or infamous) for its endless consolidation cycles. And that applies as much to retail outlets selling handsets and accessories as it does to manufacturers and infrastructure providers.

And finally, a quick update on Tonga, which is going through very difficult times after the underwater volcanic explosion and subsequent tsunami killed and injured islanders, destroyed and damaged property and infrastructure and left the Pacific island nation without any form of communication with the outside world. As we reported yesterday, limited 2G phone service covering 10% of the population has been restored and this morning came news that satellite company SES was able to restore services for Digital Tonga, the local telecom operator. Relief flights from Australia have also delivered much-needed supplies, but crew must remain on the plane and have no contact with anyone else while local ground staff unload cargo. Indeed, so far there have been no cases of Covid in Tonga, and the government wants that to continue. And there are more offers of help, including from Elon Musk, who made a tentative offer of Starlink satellite broadband terminals before noting how difficult it would be to actually offer service to those who need it in Tonga…

– Staff, TelecomTV

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Capitol Drive Loans offers payday loans in Milwaukee, WI https://celenire.com/capitol-drive-loans-offers-payday-loans-in-milwaukee-wi/ Wed, 19 Jan 2022 16:34:48 +0000 https://celenire.com/capitol-drive-loans-offers-payday-loans-in-milwaukee-wi/ Milwaukee, Wisconsin- The pandemic has created an environment of uncertainty and financial need, especially for people in Wisconsin who have lost their jobs and suffered pay cuts/reductions. As things slowly return to normal, individuals/families still need basic necessities, medical bills, and other urgent needs that cost money, a problem Capitol Drive Loans seeks to alleviate. […]]]>

Milwaukee, Wisconsin- The pandemic has created an environment of uncertainty and financial need, especially for people in Wisconsin who have lost their jobs and suffered pay cuts/reductions. As things slowly return to normal, individuals/families still need basic necessities, medical bills, and other urgent needs that cost money, a problem Capitol Drive Loans seeks to alleviate.

Since its inception, Capitol Drive Loans has helped local Milwaukee residents meet their short-term cash flow needs, allowing them to pay their emergency bills on time. The professional, friendly, helpful and knowledgeable team leverages their knowledge of the financial industry to help clients understand the process of taking out a payday loan and guide them through the process.

The payday loan company serves clients who may need loans for dental bills, unexpected medical bills, emergency home repair costs, house/rent payments, unexpectedly high utility bills , broken appliances, car repair costs or any other unforeseen expense. Applying for a loan at a bank takes time, requires a guarantee/co-signer, an individual’s credit review and other guidelines before the money is released. However, Capitol Drive Loans provides loans to people with good or bad credit within 24 hours, an approach that has contributed to its longevity as the best payday loan company in Milwaukee WI.

In addition to credit checks, the loan company serves customers who have filed for bankruptcy, those who do not have a paycheck directly deposited into their account, and those who have been approved by SSI. Knowing that finances are a sensitive issue, the team respects the privacy of its clients at all levels. They also keep confidential all personal information and information regarding transactions.

To apply for a payday loan from Capitol Drive Loans, a client needs a verifiable income and an open/active checking account. With this, they can start the application process over the phone, online, or at one of the company’s convenient locations. Once their request is received, they go through a quick approval stage before a customer can withdraw their money or check their bank account balance. During this process, the team offers advice on how to repay the loan and is available to answer any questions or concerns.

Capitol Drive Loans was founded over 20 years ago and has grown into a trusted loan provider with customer interests in mind. The managers and entire team of financial experts go above and beyond to make life easier for every client, regardless of their current situation, an approach that has earned them numerous 5-star reviews and positive testimonials.

To take advantage of these benefits, apply now for Milwaukee Payday Loans on the company’s website. Capitol Drive Loans is located at 6512 W Capitol Dr, Milwaukee, WI, 53216, USA. For any additional inquiries, call 414-240-2543 to speak to an expert.

Media Contact

Company Name
Capitol Drive Loans
Name of the contact
John McGregor
Call
414-240-2543
Address
6512W Capitol Drive
City
Milwaukee
State
Wi
Postal code
53216
Country
United States
Website
https://capitolddriveloans.com/

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Thousands of gambling addicted students ‘spend £30 a week on habit’ | Gambling https://celenire.com/thousands-of-gambling-addicted-students-spend-30-a-week-on-habit-gambling/ Tue, 18 Jan 2022 00:03:00 +0000 https://celenire.com/thousands-of-gambling-addicted-students-spend-30-a-week-on-habit-gambling/ Thousands of gambling addicted students are spending an average of £30 a week on bets, racking up debt and missing out on university life to fund their habit, research has found. In a survey of 2,000 students, 80% said they gambled, with 35% of those who did admitting to using their student loans, bank overdrafts, […]]]>

Thousands of gambling addicted students are spending an average of £30 a week on bets, racking up debt and missing out on university life to fund their habit, research has found.

In a survey of 2,000 students, 80% said they gambled, with 35% of those who did admitting to using their student loans, bank overdrafts, borrowing from friends or taking out payday loans.

Of those who gambled, 41% said it caused them to miss class, homework deadlines or social activities.

There are approximately 2.5 million students in the UK, indicating that hundreds of thousands suffer financial or social harm from gambling.

Students said they spent £31.52 on bets in a week on average, while almost 20% admitted to spending over £50. They were asked how much they spent to gamble, with no distinction made between deposits and losses.

The most popular product was the national lottery (32%), including smartphone instant casino games, followed by online sports betting (25%) and online bingo (18%).

The report, by the YGAM Youth Gambling charity and Gamstop, the national tool for gamblers who wish to ban themselves from online betting and gambling, builds on previous research which found that 88,000 students have a problem.

Martin Jones’ son Josh took his own life in 2015 after becoming addicted to gambling while in college and later struggling financially in college.

“He went to halls of residence and within 10 days he had exhausted his first term loan, which was around £1,200,” Jones said.

Jones and his wife, Kim, ended up having to manage their son’s finances for the duration of his maths studies at the University of Surrey.

He got a job at accounting firm PricewaterhouseCoopers shortly after leaving college, but couldn’t escape gambling addiction. He committed suicide at the age of 23 after running into debt of £30,000.

Bray Ash, 29, who is studying mental health nursing at King’s College London, having studied at the University of Leeds, also blew his student loan.

“It took over my life – I wasn’t studying, I was just sitting in my hallways playing,” he said.

“[During] my sophomore year of college, I ended up playing my student loan within the first 24 hours.

“It is important that students have access to organisations, such as YGAM, to educate them about the game and provide them with support and that they are aware of essential tools such as self-exclusion if they encounter any problems. with their game. I know it would have benefited me when I was at my lowest.

A spokesperson for the Betting & Gaming Council (BGC) said the majority of youth gambling was with scratch cards, lottery and private betting, not with BGC members.

“The BGC is also funding the £10million Youth Gambling Harm Prevention Programme, run by leading charities YGAM and GamCare, which is provided to all 11-19 year olds in the UK and to those who work with them,” a spokesperson said.

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Four million payday and home loan customers from Provident, Greenwood and Satsuma must request repayments NOW https://celenire.com/four-million-payday-and-home-loan-customers-from-provident-greenwood-and-satsuma-must-request-repayments-now/ Sat, 15 Jan 2022 07:00:00 +0000 https://celenire.com/four-million-payday-and-home-loan-customers-from-provident-greenwood-and-satsuma-must-request-repayments-now/ MORE than four million payday and home loan customers are being asked to request any repayments that may be owed to them. If you were mis-sold a loan by Provident, Greenwood, or Satsuma, you might be in line for compensation, even if you’ve already paid it back. 1 Provident, Greenwood and Satsuma customers receive small […]]]>

MORE than four million payday and home loan customers are being asked to request any repayments that may be owed to them.

If you were mis-sold a loan by Provident, Greenwood, or Satsuma, you might be in line for compensation, even if you’ve already paid it back.

1

Provident, Greenwood and Satsuma customers receive small payments as compensation

Some home loans from Provident and Greenwood, payday loans from Satsuma, and collateral loans from Glo were mis-sold to cash-strapped borrowers who couldn’t afford them.

Thousands of borrowers had their repayments written off late last year after Provident shut down its home loan business.

Now, lenders are offering payments under a borrower repayment program – even if they paid off their debts years ago.

Customers who mis-sold loans at unaffordable rates have just weeks left to claim a share of a £50million compensation pot.

The claims window closes at the end of February and it is best to apply as early as possible.

Here’s what you need to know:

What compensation can I get?

You’re unlikely to get back as much as the company owes you, but it could still be hundreds.

And you may also have bad marks on your credit report.

Debt Camel blogger Sara Williams told The Sun: “The provident loans were only meant to be used for short-term borrowing – that’s why the interest rate was so high.

“But Provident did not do proper checks on borrowers. Hundreds of thousands of people have borrowed continuously from Provident for years.

“They have a good chance of having their ‘unaffordable loan’ application confirmed – even if they made all the repayments on time.

“If you win, you’ll get some of the interest you paid back – it’s worth applying.”

If you took out a loan from Provident, Satsuma, Greenwood or Glo between April 6, 2007 and December 17, 2020, you may be eligible for a refund.

How much you get back will depend on how much you borrowed and for how long, as well as how many other people are asking for repayment.

The money will be distributed after the redemption program closes at 5 p.m. on February 28, 2022.

Payment will not be immediate, however, as each claim will be assessed individually.

Where can I request my refund?

If you think you have received an unaffordable loan from Provident, Satsuma, Greenwood or Glo, visit scheme.providentpersonalcredit.com.

You can submit a complaint online or by calling 08000 568 936 – or you can download a form to submit.

Filing a complaint is free.

But beware of claims companies that say they’ll do this on your behalf, as they’ll take some of the money you recover – and it’s easy to do it yourself anyway.

You will need a Program ID to submit your application, which should have been emailed or mailed to you.

Call the number above if you don’t have it.

You won’t need your loan details to make the claim, Sara says, but you may need to show proof of defaults or county court judgments.

These will be on your credit report if it’s within the last six years.

It’s best to make a claim as soon as possible – just in case there is a problem submitting information close to the deadline.

What else should I keep in mind?

Sara also advises you to file a claim again if you have already been refused for a refund or accepted a small amount.

This is because lenders have dismissed too many complaints before.

Its claims guide also points out that you can make a claim if you paid the loan on time, in default, or if the loan was sold to a debt collector.

None of the four companies are currently lending to new customers.

If you are a former customer of The Money Shop, Payday UK or Payday Express, you could be compensated today (January 14) or Monday.

And if you think one of the still-operating lenders may have wrongfully sold you an unaffordable loan, here’s how to file an affordability complaint.

Martin Lewis issues holiday warning for Britons booking trips abroad

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LIFE HACKS: Facing crippling debt doesn’t mean declaring bankruptcy https://celenire.com/life-hacks-facing-crippling-debt-doesnt-mean-declaring-bankruptcy/ Wed, 12 Jan 2022 17:33:49 +0000 https://celenire.com/life-hacks-facing-crippling-debt-doesnt-mean-declaring-bankruptcy/ Unfortunately, it is not difficult to find yourself in financial difficulty. Sometimes turning around just means getting help with budgeting or restructuring payments. Other times, however, additional help is needed. That’s when professionals like Dawn Golding come into the picture. Golding is a Licensed Insolvency Trustee with Golding & Associates Limited based in Kentville and […]]]>

Unfortunately, it is not difficult to find yourself in financial difficulty. Sometimes turning around just means getting help with budgeting or restructuring payments. Other times, however, additional help is needed.

That’s when professionals like Dawn Golding come into the picture.

Golding is a Licensed Insolvency Trustee with Golding & Associates Limited based in Kentville and Halifax. It helps debtors understand their rights and options.

“Unfortunately, people are often afraid to call us because they think if they do, they have to file for bankruptcy, which is not the case at all,” says Golding.

What does bankruptcy mean

If someone goes bankrupt, there are long-term consequences.

Deadlines for filing bankruptcy are determined by provincial law, Golding explains. A bankruptcy is declared for six years from your discharge, or seven years from the filing of a first bankruptcy. A second bankruptcy, however, has been reported for 14 years.

Bankruptcy is automatically removed from the credit report once the time period has elapsed. He can’t appear any longer than that, she said.

It’s important to clarify that there’s a difference between when a bankruptcy appears on your credit report and when a person can begin to repair their credit, Golding says. You don’t have to wait until the bankruptcy has passed from report to start restoring credit. You can begin to recover after being discharged from your bankruptcy, either in nine months or 21 months in the case of a first bankruptcy, depending on your situation.

Tips for Dealing with Debt and Avoiding Bankruptcy

To avoid having to declare bankruptcy in the first place, Golding offers several important tips for dealing with debt.

1. Budget.

A budget will not only help you pay off your debt faster, but more importantly, it will strengthen your overall financial security, says Golding.

People often make a plan for their money every month and yet the plan doesn’t work, Golding says. Then they get frustrated and stop trying to make it work. The problem, says Golding, is that they missed the first step in developing a budget.

It’s like trying to build a house without laying a foundation first – the house will collapse without a solid base, she says.

The first thing you need to do before making a plan is figure out where your money is going each month. You need to track your spending, not just the big stuff, because it’s the really small things that add up and are easy to forget, Golding says. This step is a big eye-opener for most people.

“There are lots of ways to track expenses, so find what’s right for you,” she says. “After tracking your expenses for a few months, you can then plan with real numbers.”

Compare what you planned with what actually happened, then make appropriate adjustments to your plan or spending, suggests Golding.

“It may seem like a lot of work, but once you get started and have a system, it becomes second nature and not as difficult or time-consuming as it seems,” says Golding.

2. Pay off the highest interest rates first

Keep track of who you owe and the interest rates on your debts. By paying off your debts with the highest interest rates first, your debt will be paid off sooner, Golding says. The snowball debt repayment system uses this method. You can find snowball debt calculators online that can help you with a plan, she says.

3. Get a consolidation loan.

A consolidation loan can be a good option for consolidating debts at a lower interest rate. Having one payment and a fixed term to pay off debt can be a solid solution in some situations, Golding says. The most important thing when getting a consolidation loan is to get rid of the credit cards you are consolidating so that they are no longer used and you end up in a worse situation.

4. Avoid payday loans.

Payday loans are something to avoid at all costs, warns Golding. The interest rate on them is extremely high and once someone starts with one it is nearly impossible to get rid of and they find themselves in a cycle of re-borrowing each payday and spending hundreds of dollars a months in interest to do so.

5. Call to save.

If you’re looking for services such as insurance, Golding recommends calling and checking quotes online when their insurance is due for renewal, as they may get better deals with a new company. A few calls can mean big savings, she says.

6. Don’t automatically think of bankruptcy.

Bankruptcy is not the only legal option for dealing with debt. A consumer proposal is a compromise between a debtor and their unsecured creditors where all debt is consolidated into one payment, usually without interest and for a percentage of the balance owing. A consumer proposal is unique to the individual’s situation and can be a good option for resolving debt issues and avoiding bankruptcy, Golding says.

7. Ask for help.

“Debt can be very stressful. Don’t be afraid to seek professional help with your debt if you feel overwhelmed,” says Golding.

Sometimes your creditors can help you. If the situation goes beyond that, you can speak to a Licensed Insolvency Trustee.

“As a debt professional, we can help you explore all options for resolving debt issues,” says Golding. “Unfortunately, there is a misconception that all a Licensed Insolvency Trustee does is bankruptcy.”

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Online loans via Ipass launch loan consolidation service https://celenire.com/online-loans-via-ipass-launch-loan-consolidation-service/ Mon, 10 Jan 2022 23:47:19 +0000 https://celenire.com/online-loans-via-ipass-launch-loan-consolidation-service/ Ipass Loans is a website dedicated to reducing the time and frustration of getting a short term loan, even if the borrower has bad credit references. The website contains links to a range of lenders who work with borrowers who may have difficulty securing a traditional loan. Ipass Loans is pleased to announce that its […]]]>

Ipass Loans is a website dedicated to reducing the time and frustration of getting a short term loan, even if the borrower has bad credit references. The website contains links to a range of lenders who work with borrowers who may have difficulty securing a traditional loan.

Ipass Loans is pleased to announce that its updated website contains information on several types of short term loans. The website offers all types of loans online with minimal application time and quick financing of the loan application. Depending on the time of day, there is even funding available on the same day. People who have been denied credit by traditional lenders will find Ipass’s services easy and convenient to use. Short-term loans include personal loans, payday loans, auto title loans, installment loans, cash advances, and loans for medical emergencies or other types of money-related emergencies. .

No matter how carefully a person budgets their income and expenses, urgent cash flow needs can arise. Examples include auto repairs, medical emergencies, and the like. Ipass helps match the specific needs of the borrower with the lender who can best meet those needs. The website aggregates loans for people with low credit and other short term cash borrowing needs.

The loan amount depends on the type and particular circumstances of the borrower. As little as $ 100 or up to $ 5,000 are available from different lenders. There are types of loans that don’t require collateral or co-signers, and many loans don’t go through credit checks, making them especially attractive to people with disputed credit histories.

More information about the company is available at https://ipass.net/

An Ipass loan is convenient for several reasons. It is done entirely online. There is no need to take time off work or school. There is no need to leave home or office. Approval is quick, often within minutes. The customer service team is courteous and knowledgeable, able to answer questions accurately. The site contains all the information necessary to understand and apply for the type of loan best suited to the borrower’s needs.

About the Site:

Ipass Loans offers payday loans and other types of loans to borrowers with credit problems. Because the application is submitted online, the whole process can be simplified and shortened. Lenders mainly work with these borrowers so the application process is simplified.

Media contact
Company Name: Ipass loans
Contact: Orville L. Bennett
E-mail: Send an email
Call: (+1) 369-258-147
Address:2711 N Haskell Ave # 1800
City: Dallas
State: TX 75204
Country: United States
Website: https://ipass.net/

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Native American lawyers push back attacks on tribal lenders – InsideSources https://celenire.com/native-american-lawyers-push-back-attacks-on-tribal-lenders-insidesources/ Thu, 23 Sep 2021 02:09:59 +0000 https://celenire.com/native-american-lawyers-push-back-attacks-on-tribal-lenders-insidesources/ Otoe-Missouria Indian Tribe Native Americans are taking a stand on behalf of tribal lenders amid an attack by special interest organizations trying to push these local businesses that serve an often overlooked community into bankruptcy. A Native American advocacy group says opponents of tribal loans are promoting a “false and often racist narrative.” For years, […]]]>

Otoe-Missouria Indian Tribe

Native Americans are taking a stand on behalf of tribal lenders amid an attack by special interest organizations trying to push these local businesses that serve an often overlooked community into bankruptcy. A Native American advocacy group says opponents of tribal loans are promoting a “false and often racist narrative.”

For years, the National Consumer Law Center (NCLC), a self-proclaimed watchdog organization without legal authority, has waged a public relations war against tribal lenders, accusing them of engaging in “payday loans” contrary to the law. ethical and demanding that they operate. according to non-tribal rules.

“None of my tribes engage in payday loans,” says Robert Rosette, a lawyer who exclusively represents Indian tribes. “They are always upset by this kind of negative connotation.”

And it seems the courts are on their side.

The state of Connecticut tried to fine the president of the Otoe-Missouria tribe, John R. Shotton, and their tribal lenders for violating state rules on short loan interest rates term. The NCLC supported the effort. They failed.

“We took this to the Connecticut Supreme Court where we won,” says Rosette. “We also had an important victory two years ago in the 4th Circuit, so we now have two important wins in federal courts and the Connecticut Supreme Court.”

According to Rosette, it is a question of sovereignty. So, for example, there are federal laws, state laws, and tribal laws. The laws that tribal lenders follow are federal laws. This is because of the supremacy clause, which means that federal law takes precedence over other laws.

“If you look at every federal loan law, every tribal loan law, and every tribal loan code, the tribes are complying with all of those applicable federal and tribal loan laws,” says Rosette. “It’s not that tribes don’t follow state law, it’s that those laws don’t apply to tribes.”

Meanwhile, the NCLC is lobbying against these rulings, using its widely read online digital library to promote legal theories contrary to these recent rulings. Their website is full of references to “bogus tribal loans” and legally questionable claims that tribal sovereign immunity is at issue in these cases.

The Native American Financial Services Association (NAFSA) attributes this to a lack of education on these issues.

“We are keenly aware of the lack of education that exists in much of mainstream America with respect to tribal financial services,” the Native American Financial Services Association (NAFSA) said in a statement. “As such, we continue to work to better educate the public, consumer groups, politicians and lawmakers to counter the bogus and often racist narrative and stigma that unfairly plagues tribal financial services and fintechs.

“Above all, NAFSA remains steadfast in its advocacy for tribes and their inherent rights as sovereign nations to determine what is best for themselves and for future generations of indigenous peoples,” said they stated.

Fintech refers to computer programs and other technologies used to support or activate banking and financial services.

Tribal lenders offer short term installment loans with higher interest rates which reflect higher risk, but they are not tied to a person’s salary.

“It’s an entirely different company that we don’t agree with and my clients ban this type of activity,” says Rosette. “These are installment loans with amortization periods, and borrowers have the right and the ability to prepay them much like a credit card, and I think most of our customers pay them off within a period of time. one to three months, so, I just want to make it clear that none of my tribal clients engage in payday loans. “

Rosette says it is “demoralizing for tribes to be beaten up by the mainstream media.”

“No one takes the time to examine how hard the tribes work in these businesses, how well they treat their customers, and most importantly, what the tribes do with the income they make from these businesses,” explains Rosette. “Tribes use this much needed income to provide essential government services to their constituents, like buying dialysis machines to treat diabetes or buying police cars or maybe using some of the money to send. their kids at university.

“It’s very disheartening and demoralizing, but the tribes are determined to continue to operate these businesses, to offer better products and to continue to be a market leader in the financial services arena,” said Rosette.

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Survey: For Americans with Unsecured Debt, Credit Cards Are Main to Blame https://celenire.com/survey-for-americans-with-unsecured-debt-credit-cards-are-main-to-blame/ Wed, 22 Sep 2021 15:37:25 +0000 https://celenire.com/survey-for-americans-with-unsecured-debt-credit-cards-are-main-to-blame/ A late-August 2021 US News & World Report survey shows that among Americans with unsecured debt, more … A late-August 2021 US News & World Report survey shows that among Americans with unsecured debt, more than 53% say it comes mostly from credit cards. Credit card debt is considered unsecured debt, which means it is […]]]>

A late-August 2021 US News & World Report survey shows that among Americans with unsecured debt, more …

A late-August 2021 US News & World Report survey shows that among Americans with unsecured debt, more than 53% say it comes mostly from credit cards.

Credit card debt is considered unsecured debt, which means it is not tied to any asset, such as a house or a car. Respondents were asked what types of debt make up most of their unsecured debt, and in addition to credit cards, they cite:

– Personal loans, at nearly 21%.

– Medical debt, 12%.

– Payday loans, more than 5%.

About 52% of respondents report having between $ 10,000 and just under $ 40,000 in unsecured debt.

[Read: Best Balance Transfer Credit Cards.]

What interest rates do they pay

Almost 8% of respondents say they don’t know what their highest interest rate is, which is worrying. Among those who know their rates, here are the conclusions:

– About 35% declare an interest rate of 10% or less.

– More than 20% have a rate between 11% and 15%.

– More than 19% have a rate between 16% and 20%.

– Almost 16% have a rate between 21% and 25%.

– Almost 7% have a rate between 26% and 30%.

– Almost 4% have a rate greater than 30%.

Your interest rate depends on the type of debt you contract as well as your creditworthiness. With debt comes interest charges. Some types of unsecured debt, like credit cards and payday loans, charge compound interest.

This means that you pay interest on a balance that includes the interest charges from the previous month. With compound interest, your debt can grow quickly. Once you have fallen into this dangerous spiral, it is difficult to get out of it.

Why Americans struggle to get out of debt

Almost 42% of respondents say they have more unsecured debt than a year ago. When asked what the biggest challenges are in paying off their debt, about 20% say they are unforeseen expenses.

Other findings:

– About 19% have problems paying their bills on time.

– More than 15% have problems budgeting for payments.

– More than 15% cite irregular income as the culprit.

– About 13% say rising interest charges are a big factor.

– More than 7% have difficulty following multiple accounts.

How to pay off your debt

The first step is to identify what is preventing you from facing your debt. And if you determine that you have room for improvement in several areas, that’s okay too. Be honest about your situation, then you can focus on one or more of these solutions:

– Automate your finances.

– Get a debt consolidation loan.

– Apply for a balance transfer credit card.

– Create an emergency fund.

– Get credit counseling.

Automate your finances

Almost one in five respondents say they do not pay their bills on time. If the problem is that you don’t have any money when the bill is due, you should contact your lender and explain your situation. Depending on the lender, it is possible to get into a hardship program while you catch up with your bills.

If it’s a timing issue, see if you can change the invoice due date. Move it over to a week when you have the cash to cover expenses.

But what if it was just a matter of forgetting? The simple solution is to automate your payments for as many invoices as you can. When you set up automatic payments with your bank or credit card, your lender deducts what you owe from your authorized bank account.

But make sure you have the funds in your bank account to cover the amount. Once you’re up to speed and pay your bills on time, you can start looking for ways to help you pay less interest on your debt.

[Read: Best Debt Consolidation Loans.]

Get a debt consolidation loan

When asked how to pay off their debts, about a quarter of respondents choose a debt consolidation loan as the most attractive option. With this type of loan, you consolidate your debts in order to reduce your number of creditors. And I hope you will get a lower interest rate and a lower monthly payment.

You need to make comparative purchases online. Compare rates and make sure you get the best deal you can qualify for.

It is important to note that it is not a good idea to consolidate medical debt. This can add interest charges to already heavy debt. Medical debt consolidation also removes consumer protections that apply to medical debt.

For other types of unsecured debt, however, a debt consolidation loan is a good option for those who do not have excellent credit scores. But if you have good credit, consider a balance transfer credit card.

Apply for a balance transfer credit card

With excellent credit, you should qualify for a credit card with balance transfer. These cards often come with an introductory annual percentage rate of 0% for a period of time, such as 12 to 18 months.

This gives you a chance to pay off (or at least decrease) the balance during the interest-free period. If you go this route, figure out what your monthly payment should be so that you have a zero balance before your regular APR starts.

[Read: Best Low-Interest Credit Cards.]

Build an emergency fund

If their debt was paid off, almost 23% of respondents said they would use the extra money to top up their emergency fund, which is a great choice. An emergency fund helps you survive a sudden financial crisis.

Even if you are in debt, try to allocate money from time to time to your emergency fund. Even a little bit helps.

Get credit counseling

If you think your debt is insurmountable, seek help. No matter how serious your situation, there is a solution. It may take a long time to repair, but starting today is the right decision.

You can contact the National Foundation for Credit Counseling to find a reputable credit counseling agency.

More American News

What is a delinquent credit card account?

Can I get a personal loan with bad credit?

What is a maximum credit card?

Survey: For Americans with Unsecured Debt, Credit Cards Are Main to Blame originally appeared on usnews.com

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The “pinjol” trap: the horrors of payday loans in pandemic-stricken Indonesia – Wed, September 22, 2021 https://celenire.com/the-pinjol-trap-the-horrors-of-payday-loans-in-pandemic-stricken-indonesia-wed-september-22-2021/ Tue, 21 Sep 2021 18:07:57 +0000 https://celenire.com/the-pinjol-trap-the-horrors-of-payday-loans-in-pandemic-stricken-indonesia-wed-september-22-2021/ JP Staff (The Jakarta Post) PREMIUM Jakarta ● Wed, September 22, 2021 Imagine the following situation: After being fired by your employer, you find yourself desperate for money, with barely enough for you and your family for the rest of the month. You have tried looking for another job, but the pandemic has made vacancies […]]]>

JP Staff (The Jakarta Post)

PREMIUM

Jakarta ●
Wed, September 22, 2021

Imagine the following situation: After being fired by your employer, you find yourself desperate for money, with barely enough for you and your family for the rest of the month. You have tried looking for another job, but the pandemic has made vacancies scarce. Your friends and family aren’t doing well either, so they can’t help you. You do not know what to do.

And then you see it, an ad online that says “Money fast and easy”. You just need to fill in a few details over the phone, and you will get the money to feed your family and maybe pay the bills. You give in. You download the application indicated on the ad and follow the necessary procedure. A few hours later, you receive a notification. A certain amount has been transferred to your account. You breathe a sigh of relief.

You spend your days. A few days later, someone claiming …

to read the full story

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How to buy now, pay later has become a $ 100 billion industry https://celenire.com/how-to-buy-now-pay-later-has-become-a-100-billion-industry/ Tue, 21 Sep 2021 08:50:37 +0000 https://celenire.com/how-to-buy-now-pay-later-has-become-a-100-billion-industry/ Klarna logos displayed on laptop and phone screen. Jakub Porzycki | NurPhoto via Getty Images Buying now, paying later is having a moment. Millions of buyers now use a buy now, pay later, or BNPL, service to finance their purchases. And the options are more varied than ever – Klarna, Affirm, and Afterpay are just […]]]>

Klarna logos displayed on laptop and phone screen.

Jakub Porzycki | NurPhoto via Getty Images

Buying now, paying later is having a moment.

Millions of buyers now use a buy now, pay later, or BNPL, service to finance their purchases. And the options are more varied than ever – Klarna, Affirm, and Afterpay are just a few of the many providers in the space.

Meanwhile, big business is getting on the bandwagon, with PayPal launching its own product, with Amazon and Apple teaming up with Affirm and Square agreeing to buy Afterpay in a $ 29 billion deal.

BNPL companies present their service as a better alternative to credit cards. But critics fear that many people are spending more than they can afford, and some may not even realize they are going into debt.

So, what is buy now, pay later? And why is it suddenly booming?

What is BNPL?

BNPL plans, also known as point-of-sale loans, allow buyers to pay for their items over a period of installments.

The concept is not new. Installment plans have been around for years, known as “layaway” in the United States or “lay-by” in Australia. These agreements allow people to spread the cost of the items over a certain period of time.

BNPL is similar in that consumers get the product up front and pay for it in incremental amounts, often without interest.

Buyers can choose to use a BNPL service while checking out online with just a few clicks. They then usually pay the first installment and are billed the remaining amount for a period of three to four months.

BNPL providers often add a payment button to a retailer’s website and then take a merchant’s share with each transaction. Experts say retailers have an incentive to accept this, as it often leads to higher average order value and better conversion rates.

Some BNPL companies also generate income from late fees and interest on longer term payment plans.

The advantage for buyers is that they can purchase an item for more than what they could normally afford at one time – for example, a $ 300 jacket – and spread the cost of their purchase over monthly installments.

Why is it so popular?

One word: coronavirus.

The pandemic has forced many physical retailers to shut down temporarily and has seen consumers spending much more time at home.

This has accelerated the growth of online shopping. According to a report by Worldpay, the payment processor owned by FIS, global e-commerce transactions totaled $ 4.6 trillion last year, up 19% from 2019.

BNPL accounted for 2.1% – or about $ 97 billion – of that amount. This figure is expected to double to 4.2% by 2024, according to Worldpay.

While BNPL plans had already gained in popularity before the pandemic, a shift in consumer spending habits and the growing adoption of e-commerce have given the market a significant boost.

This has been a boon for a number of companies in the space, with Klarna reaching a valuation of $ 46 billion in a recent private fundraiser, PayPal acquiring Japanese company Paidy for $ 2.7 billion and Square seizing Afterpay.

What are the risks ?

One of the main criticisms of BNPL is that it could cause buyers to spend more than they can afford. Later payment plans are especially popular with Millennials and Gen Z buyers.

Which ?, a consumer advocacy group in the UK, said it had conducted a survey which found that nearly a quarter of BNPL users were spending more than they initially expected because the service was available.

There are also fears about how easily people can get into debt, sometimes without even realizing it, since there is no serious credit check.

The industry has been likened to controversial payday loans that allow short-term borrowing, often at high interest rates. While BNPL is generally interest-free, some providers charge high late fees.

BNPL providers say they have safeguards in place to ensure users don’t overspend. Klarna, for example, sets spending limits on a case-by-case basis.

“For each transaction, we take a new position and look at how consumers use this product,” Sebastian Siemiatkowski, CEO of Klarna, told CNBC.

“If they use it in a positive way, we can expand their ability to use it. If not, we will restrict their ability to use it or stop their ability to use it altogether.”

But critics argue that BNPL needs regulations to sufficiently protect consumers. The UK government is looking to curb the industry with a range of proposals, including affordability checks for customers. A consultation on the rules is expected to be released in October.

For their part, Klarna and Clearpay – the UK arm of Afterpay – say they are in favor of the move towards regulation.

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