long term – Free Bassuk http://freebassuk.com/ Wed, 16 Mar 2022 17:02:06 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://freebassuk.com/wp-content/uploads/2021/07/icon.png long term – Free Bassuk http://freebassuk.com/ 32 32 Saudi-backed golf league to offer $255m in prize money https://freebassuk.com/saudi-backed-golf-league-to-offer-255m-in-prize-money/ Wed, 16 Mar 2022 16:41:48 +0000 https://freebassuk.com/saudi-backed-golf-league-to-offer-255m-in-prize-money/ Last month, Rory McIlroy was one of the game’s many biggest stars who have pledged allegiance to the PGA Tour flag and waved to play in a proposed golf league led by Greg Norman and supported by Saudi Arabia. “It’s dead in the water, in my opinion,” McIlroy said. Not so fast. Norman, aka the […]]]>

Last month, Rory McIlroy was one of the game’s many biggest stars who have pledged allegiance to the PGA Tour flag and waved to play in a proposed golf league led by Greg Norman and supported by Saudi Arabia.

“It’s dead in the water, in my opinion,” McIlroy said.

Not so fast.

Norman, aka the great white shark, reappeared on Tuesday by sending a letter to the players stating that the league backed by the Saudi sovereign wealth fund was not on its last breath. On Wednesday, Norman, the CEO and commissioner of Saudi-backed LIV Golf Investments, announced that the league that would rival the PGA Tour had some serious teeth.

Starting in June, the LIV Golf Invitational Series will begin and will feature eight events and consist of individual and team games with prize money reaching $255 million. The first tournament will take place June 9-11 at the Centurion Golf Club in London; the first seven events will have $20 million in prize money with an additional $5 million split among the top three teams each week.

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IX vs. BX: Which Stock Should Value Investors Buy Now? https://freebassuk.com/ix-vs-bx-which-stock-should-value-investors-buy-now/ Mon, 14 Mar 2022 17:02:04 +0000 https://freebassuk.com/ix-vs-bx-which-stock-should-value-investors-buy-now/ IInvestors looking for stocks in the financial services – miscellaneous services sector might consider Orix (IX) or Blackstone Inc. (BX). But which of these two stocks offers investors the best value opportunity right now? Let’s take a closer look. Everyone has their own methods for finding high-value opportunities, but our model includes pairing an impressive […]]]>

IInvestors looking for stocks in the financial services – miscellaneous services sector might consider Orix (IX) or Blackstone Inc. (BX). But which of these two stocks offers investors the best value opportunity right now? Let’s take a closer look.

Everyone has their own methods for finding high-value opportunities, but our model includes pairing an impressive score in the Value category of our Style Scores system with a strong Zacks ranking. The proven Zacks ranking emphasizes companies with positive estimate revision trends, and our style scores highlight stocks with specific characteristics.

Currently, Orix sports a Zacks rank of #2 (Buy), while Blackstone Inc. has a Zacks rank of #3 (Hold). Investors should feel comfortable knowing that IX has likely seen a stronger improvement in its earnings outlook than BX recently. However, value investors will care about much more than that.

Value investors analyze a variety of traditional and time-tested metrics to help find companies they believe are undervalued at their current stock price level.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company’s fair value.

IX currently has a forward P/E ratio of 8.32, while BX has a forward P/E of 21.30. We also note that IX has a PEG ratio of 0.33. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. BX currently has a PEG ratio of 0.89.

Another notable valuation metric for IX is its P/E ratio of 0.78. Investors use the P/E ratio to compare a stock’s market value to its book value, which is defined as total assets minus total liabilities. In comparison, BX has a P/B of 3.68.

These measures, and several others, help IX earn an A value rating, while BX received a C value rating.

IX ranks above BX thanks to its strong earnings outlook, and based on these valuation numbers, we also believe that IX is the superior value option at this time.

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

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What Is A Wealth Tax, And How Does It Work? https://freebassuk.com/what-is-a-wealth-tax-and-how-does-it-work/ Mon, 14 Mar 2022 09:39:30 +0000 https://freebassuk.com/?p=5087 The wealth of the wealthiest Americans continues to rise to new highs, prompting many journalists and politicians to contend that it is time for the United States to impose a wealth tax. This tax would be levied based on a person’s net worth and would only apply to the wealthiest residents. Because the United States […]]]>

The wealth of the wealthiest Americans continues to rise to new highs, prompting many journalists and politicians to contend that it is time for the United States to impose a wealth tax. This tax would be levied based on a person’s net worth and would only apply to the wealthiest residents. Because the United States now lacks a wealth tax, we spoke to economists about how a suggested wealth tax may look and how to get bad credit payday loans from Payday Champion.

What Is a Wealth Tax and How Does It Work?

The entire net worth is generally the basis for a wealth tax. Your net worth would be $500,000 if you had $1 million in assets and $500,000 in debt.

A wealth tax will levy a percentage of your entire net worth each year if your net worth puts you among the wealthiest residents in the United States. For example, a one-percentage-point wealth tax would cost you one-percentage-point of your entire net worth. You’d owe more as your net worth increased and less as it decreased.

People with substantial net worth would face wealth taxes even if they didn’t take any activities, such as generating money or selling assets, unlike many other types of taxes—income tax or capital gains tax, for example.

“We have a tax based on the realization principle in the United States,” said Jeff Hoopes, assistant professor at the University of North Carolina and UNC Tax Center research director. “In general, this implies that you must sell anything before paying income taxes on the profits from possession.”

You only owe capital gains taxes on stocks after you sell them, so owning stocks and not selling them may help you avoid paying the tax. Furthermore, in the United States, they are rewarded with reduced tax rates if they hang onto an asset for at least a year, thanks to the long-term capital gains rate.

What Is a Wealth Tax and How Does It Work?

A wealth tax would be similar to property taxes, in which you pay a surcharge depending on the market worth of your house each year. On the other hand, the wealth tax would apply to all assets, including real estate, cash, investments, company ownership, and other assets, minus whatever obligations you owe.

Dr. Tenpao Lee, full professor of economics at Niagara University, noted, “The wealth tax is static in nature.” “Other taxes are dynamic in nature, dependent on transactions such as earned earnings, capital gains, inheritances, and real estate ownership.”

Regardless of whether or not transactions were happening, the government would levy a wealth tax. A wealth tax is now imposed in France, Portugal, and Spain. They are generally progressive systems, which means that the more a person’s wealth, the higher their tax rate. In France, the wealth tax begins at 0.5 percent for those worth €1.3 million and rises to 1.5 percent each year for those above €10 million.

When someone owes a wealth tax, it is determined by the government’s system. For example, it might happen once a year or once in a lifetime. For example, certain European nations imposed one-time wealth taxes to fund their involvement in World Wars I and II.

A wealth tax does not have to be indiscriminate when it comes to asset kinds. To encourage specific behaviors, a government can exclude certain asset kinds. It might, for example, determine that company assets do not count to stimulate entrepreneurship. In the end, the shape of a wealth tax is determined by how a nation drafts its legislation.

Wealth Tax Proposal by Elizabeth Warren

While the United States does not presently have a wealth tax, Elizabeth Warren and Bernie Sanders have advocated one. The Ultra-Millionaire Tax Act is their most recent proposal.

“A wealth tax, like Elizabeth Warren’s plan, would tax extremely wealthy people’s net worth beyond a set level at escalating rates—the more money you have, the higher the rate.” “It is only designed to apply to the very, very affluent,” Hoopes said.

In its present version, the Elizabeth Warren wealth tax would levy a 2% annual tax on trusts and households with a net worth of $50 million to $1 billion and a 3% yearly tax on those with a net worth of $1 billion or more. According to Emmanuel Saez and Gabriel Zucman, economists at the University of Berkeley, these high limitations would only apply to a tiny portion of the nation, fewer than 1 in 1,000 households.

The Benefits of a Wealth Tax

A wealth tax may generate enormous income. Although Warren’s wealth tax would only apply to a tiny number of families, Saez and Zucman predict that it may generate $3 trillion in revenue over the next decade. This money might be used to fund other government initiatives, such as daycare and infrastructure.

Some people believe that a wealth tax is more equitable. Currently, a billionaire entrepreneur who owns their firm, such as Bezos or Zuckerberg, may defer paying taxes on their corporate fortune. “You will never have to pay capital gains taxes if you never sell the stock.” You will pay no individual income taxes due to holding that stock if you do not pay dividends. “Some find it disconcerting that those with tens of billions of dollars of wealth pay so little in taxes,” Hoopes added. They wouldn’t be able to escape a wealth tax in the same way.

Wealth taxes might encourage people to put their money to better use. Because a wealth tax eats away at a person’s assets year after year, Lee believes it will encourage people to spend or invest rather than hoard. “The wealth tax would motivate individuals to be more productive in the long run because otherwise, your money would progressively shrink for you and your descendants,” he added.

The Drawbacks of a Wealth Tax

A wealth tax might be challenging to implement. A wealth tax is predicated on determining a person’s net worth each year based on everything they possess, which is more challenging to perform than it seems. While certain assets have a clear, fair market value, such as cash and publicly traded shares, others, such as privately owned enterprises or artwork, do not. The IRS and taxpayers would both need a lot of time and money to figure out these figures.

The ultra-rich may attempt to avoid paying wealth taxes. The effluent may be enticed to acquire more sophisticated assets if the government imposes a wealth tax. “I hypothesize that the affluent would invest much more extensively in harder-to-value assets and that the difficulty in valuing the asset would become a desirable component of the asset (as intangible assets owned by multinational businesses are now),” Hoopes said. If this occurs, the tax may be less successful than proponents anticipate.

They may tempt wealthy taxpayers to flee the nation. Because a wealth tax is a significant annual burden, it may encourage the extremely affluent to relocate themselves and their possessions to other countries, leaving the United States with a smaller tax base.

Wealth Taxes: The Bottom Line

Congress will determine if the Warren wealth tax or a similar tax becomes a reality in the United States. Representatives are discussing wealth tax measures, and it’s difficult to predict which would succeed.

On the other hand, a wealth tax seems to be an excellent idea in principle for progressives like Warren and Sanders, who want more tax money to fund government services, but it may be more difficult in reality than it appears. Any statute would need to be supported by the Supreme Court, ruling that the tax is unconstitutional.

On the other hand, this tax is more of a hypothetical for the typical American. Unless you are wealthy tens of millions of dollars, you are unlikely to be subject to a wealth tax, regardless of whether one is enacted in the United States.

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Best Bad-Credit Loans for March 2022 https://freebassuk.com/best-bad-credit-loans-for-march-2022/ Mon, 14 Mar 2022 09:24:58 +0000 https://freebassuk.com/?p=5072 Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. Personal loans can be used for everything from debt consolidation to […]]]>

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

Personal loans can be used for everything from debt consolidation to major life expenses. 

The best rates and terms will only be available to people with the best credit, especially in a year that’s seen lenders tighten lending standards and requirements across the board. So if bestyour credit score is on the lower end, it’ll be more difficult to qualify for the best rates, if you qualify at all. 

Still, it isn’t impossible to qualify for a personal loan if you don’t have a great credit score.

Many lenders still offer personal loans to people with “fair” or “poor” credit — and some even specialize in offering loans and other financial products to those types of customers. But if you have debt, bad credit, or both, and you’re thinking about a personal loan, you should consider whether or not taking on new debt makes sense. 

You might be better off considering alternatives like credit cards with promotional rates or even a home equity line of credit (HELOC) if you own a home. Consider what it takes to make long-term financial improvements as well, such as rebuilding your credit or starting a debt management plan.

If you think a personal loan is your best option despite having a lower credit score, here’s what you should know:

Best Bad-Credit Loan Rates in February 2022

Institution Min. Credit Score Current APR Loan Term Range Min. Loan Amt. Max Loan Amt.
Payoff 640 5.99% to 24.99% 2 to 5 years $5,000 $40,000
Best Egg 640 5.99% to 35.99% 3 to 5 years $2,000 $50,000
Upgrade 620 5.94% to 35.97% 3 to 5 years $1,000 $50,000
Upstart 580 3.22% to 35.99% 3 to 5 years $1,000 $50,000
Rocket Loans 540 5.970% to 29.99% 3 to 5 years $2,000 $45,000
Prosper 640 7.95% to 35.99% 3 to 5 years $2,000 $40,000
LendingClub 600 8.05% to 35.89% 3 to 5 years $1,000 $40,000
Avant 580 9.95% to 35.99% 2 to 5 years $2,000 $35,000
LendingPoint 590 9.99% to 35.99% 2 to 5 years $2,000 $36,500

How we chose these lenders

This list does not represent the entire market. To rank the personal loan rates you’re most likely considering, we began by analyzing the 16 most commonly reviewed and searched-for personal loans that met NextAdvisor’s standards, as outlined in our Personal Loan Rates Guide. Each lender had to meet the following criteria to appear in this review:

Easy-to-access information

We eliminated lenders that make it difficult to find the above essential loan information on their websites without entering an email or other personal information. Many lenders prominently display this information on their sites, making it easy to compare to other lenders. If you’re in the market for a personal loan, we recommend a lender that’s transparent with its rates and approval requirements, and doesn’t require personal information for a rate comparison.

Reasonable APRs

We ruled out any lenders whose max APR exceeds 40%, which is well above the average APR you can find even if you have bad credit. A high APR will result in you paying more over the course of the loan.

Direct Lenders

Our list features only direct lenders, rather than intermediaries or loan marketplaces. We also ruled out credit unions, which have unique membership requirements and limit the number of people who could easily consider them for a loan. Credit unions can offer competitive rates to those who qualify; check your local area or use a credit union locator to compare rates.

No fees

None of these banks charge any fees or penalties for early payments or otherwise paying off your loan early. We don’t think you should ever have to pay a fee to get out of debt faster, so will never recommend a personal loan that includes such a fee or penalty.

Achievable credit score requirement

Each lender has a minimum FICO credit score that includes people in the “fair” credit score range, which includes scores between 580-669.

The above rates and loan information is accurate as of February 14, 2022. The NextAdvisor editorial team updates this information regularly, though it is possible APRs and other information has changed since it was last updated. Some of the lowest advertised rates might be for secured loans, which require collateral such as your home, car, or other asset. Also, some loan offerings may be specific to where you live.

Lender Overview

Avant

Overview: Avant is an online lender that serves customers with fair-to-excellent credit. It’s one of the only two lenders on this list that offers both secured and unsecured loans.

Pros: Avant’s bread-and-butter is unsecured loans, but it also provides secured loans for which you’d use your car as collateral. Avant doesn’t specify a minimum income, and the minimum credit score starts at 580, which FICO considers “fair” credit.

Cons: If you have a “fair” credit score, you won’t be eligible for the lowest APR available; you may get a rate as high as 35.99% so make sure to always make your monthly payments. You also can’t add a cosigner or co-borrower to your application to improve your chances of approval for a more favorable rate.

Avant
Current APR 9.95% to 35.99%
Loan Term Range 2 to 5 years
Loan Amount $2,000 to $35,000
Prepayment Penalty None
Origination Fee Up to 4.75% 
Minimum Credit Score 580
Minimum Annual Income None specified
Co-Borrower Allowed? No
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans Yes

Best Egg

Overview: The online lender Best Egg offers unsecured personal loans for everything from debt consolidation and home improvement to moving, child care expenses, and adoption.

Pros: Best Egg personal loans can range from $2,000 to $35,000, with repayment terms between three to five years. The minimum credit is 640, and you won’t be penalized if you want to pay off your loan early or make additional off-schedule payments.

Cons: You need a minimum 700 FICO score and a minimum individual annual income of $100,000 to get the lowest APR available. And if you have “fair” credit, you can’t boost your chances of approval through a co-borrower, cosigner, or collateral.

Best Egg
Current APR 5.99% to 35.99%
Loan Term Range 3 to 5 years
Loan Amount $2,000 to $50,000
Prepayment Penalty None
Origination Fee 0.99% to 5.99%; 4.99% for loan terms longer than four years
Minimum Credit Score 640; 700+ for the lowest APR
Minimum Annual Income $100,000 minimum individual annual income for the lowest APR
Co-Borrower Allowed? No
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans No

LendingClub

Overview: LendingClub is a peer-to-peer lender that offers unsecured personal loans through an online marketplace connecting borrowers and investors.

Pros: Personal loans range from $1,000 to $40,000, with repayment periods between three to five years. You can get a joint loan through LendingClub by adding a co-borrower to your application — something not all lenders offer.

Cons: You may have to undergo a more stringent verification process (i.e., providing more documentation to prove income, assets, and debt) due to pullbacks from the COVID-19 recession. If you have excellent credit, you may find better rates elsewhere as the lowest APR is higher than others on the list.

LendingClub
Current APR 8.05% to 35.89%
Loan Term Range 3 to 5 years
Loan Amount $1,000 to $40,000
Prepayment Penalty None
Origination Fee 2% to 6%
Minimum Credit Score 600
Minimum Annual Income None specified
Co-Borrower Allowed? Yes
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans No

LendingPoint

Overview: LendingPoint is an online-only lender that offers unsecured personal loans to borrowers with “fair” credit” and steady income or employment.

Pros: The minimum credit score is 590, and the loans range from $2,000 to $25,000 with repayment terms between two to five years. You won’t have to pay a prepayment penalty if you decide to pay off your personal loan earlier than scheduled.

Cons: LendingPoint would prefer you be at your job for at least 12 months before applying to a loan, though it’s not a requirement. You need to make at least $35,000 per year, and you can’t add a co-borrower, a cosigner, or collateral to your loan to improve your chances of approval.

LendingPoint
Current APR 9.99% to 35.99%
Loan Term Range 2 to 5 years
Loan Amount $2,000 to $36,500
Prepayment Penalty None
Origination Fee 0% to 6%, depending on your state
Minimum Credit Score 590
Minimum Annual Income $35,000 
Co-Borrower Allowed? No
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans No

Payoff

Overview: Payoff is an online lender that works only with borrowers who want to consolidate high-interest credit balances.

Pros: The APR range is lower than many of its competitors, you don’t get charged late fees if you’re accidentally late making a payment, and you can receive free FICO score updates. 

Cons: To qualify for a Payoff loan, you need at least three years of established credit and a 640+ credit score. You also wouldn’t qualify if you live in Massachusetts, Mississippi, Nebraska, or Nevada, or want to take out a personal loan for anything other than debt consolidation. 

Payoff
Current APR 5.99% to 24.99%
Loan Term Range 2 to 5 years
Loan Amount $5,000 to $40,000
Prepayment Penalty None
Origination Fee 0% to 5%, included in APR
Minimum Credit Score 640, and three years of established credit
Minimum Annual Income None specified
Co-Borrower Allowed? No
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans No

Prosper

Overview: Prosper, a peer-to-peer lender, lends to borrowers with fair-to-excellent credit scores who want to consolidate debt and take on home improvement projects.

Pros: Co-borrowers and cosigners are allowed and might help boost your chances of getting approved for a personal loan with a better rate. Prosper’s loans range from $2,000 to $40,000 with repayment terms of three or five years.

Cons: If you don’t have solid credit, you may be stuck with an interest rate at the high end of the spectrum (35.99% APR). Prosper also doesn’t offer secured loans.

Prosper
Current APR 7.95% to 35.99%
Loan Term Range 3 to 5 years
Loan Amount $2,000 to $40,000
Prepayment Penalty None
Origination Fee 2.41% to 5%
Minimum Credit Score 640
Minimum Annual Income None specified
Co-Borrower Allowed? Yes
Cosigner Allowed? Yes
Unsecured Personal Loans Yes
Secured Personal Loans No

Rocket Loans

Overview: Rocket Loans, a subsidiary of Quicken Loans, is a personal loan lender that serves borrowers looking to consolidate debt or finance home improvement projects or auto expenses.

Pros: Rocket offers the lowest minimum credit score (540) of any lenders we reviewed, so you may qualify for a personal loan with a “poor” credit score. You can also get instant decisions and same-day funding through Rocket.

Cons: You can’t boost your approval odds by applying with a co-borrower or cosigner, or by using an asset as collateral for a secured loan (Rocket doesn’t offer secured loans).

Rocket Loans
Current APR 5.970% to 29.99% with AutoPay (0.3% higher if invoiced)
Loan Term Range 3 to 5 years
Loan Amount $2,000 to $45,000
Prepayment Penalty None
Origination Fee 1% to 6%
Minimum Credit Score 540
Minimum Annual Income $24,000
Co-Borrower Allowed? No
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans No

Upgrade

Overview: Upgrade, an online-only lender, offers personal loans for debt consolidation and financing home improvement projects and major purchases.

Pros: Personal loans with Upgrade range from $1,000 to $50,000, with repayment terms between three to five years. You can apply for a joint loan if you want to better your chances of getting approved for a low rate.

Cons: If you have “fair” credit, you may end up with an APR as high as 35.97% and an origination fee as high as 8%. People who live in Hawaii and Washington, D.C., aren’t eligible for Upgrade personal loans.

Upgrade
Current APR 5.94% to 35.97%
Loan Term Range 3 to 5 years
Loan Amount $1,000 to $50,000
Prepayment Penalty None
Origination Fee 2.9% to 8%
Minimum Credit Score 620
Minimum Annual Income None specified
Co-Borrower Allowed? Yes
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans No

Upstart

Overview: Upstart is an online lender that uses AI technology to evaluate and approve borrowers with non-traditional financial backgrounds, which includes those who may not have strong credit scores but are considered creditworthy in other respects (e.g., having a steady income and employment history).

Pros: Upstart’s AI technology factors employment and education history into your application, so if you have a limited credit history or are self-employed, your odds of getting a personal loan may be higher with Upstart than other lenders. The minimum credit score is 580 (considered “fair”), and you may receive funds as soon as the day after approval.

Cons: Even if you get approved for a personal loan with a “fair” credit score, you may be paying a very high APR. And if you live in Iowa or West Virginia, you won’t be eligible for an Upstart personal loan.

Upstart
Current APR 3.22% to 35.99%
Loan Term Range 3 to 5 years
Loan Amount $1,000 to $50,000
Prepayment Penalty None
Origination Fee None
Minimum Credit Score 580
Minimum Annual Income None specified
Co-Borrower Allowed? Yes
Cosigner Allowed? No
Unsecured Personal Loans Yes
Secured Personal Loans No

Pro Tip

If you’re in need of a specialized debt payoff plan, we recommend looking at nonprofit credit counseling agencies. A credit counselor can help you create a budget and improve your credit score so that you won’t need to take out a personal loan designed for bad-credit borrowers.

What Are Bad-Credit Loans?

Bad-credit loans are for borrowers with low credit scores or a limited credit history. Oftentimes, people end up with low credit scores because of missed payments, bankruptcies, or heavy debt loads — or because they haven’t had enough time yet to establish a credit history. Personal loans are more difficult to get when you have bad credit. But many lenders do offer them — and some even specialize in bad-credit borrowing. 

What is a bad credit score?

Each credit scoring agency defines a bad credit score differently. But for our purposes, we’ll refer to FICO credit scores here. FICO scores are between 300 and 850; the better your credit, the higher your score.

A bad credit score falls within FICO’s “fair” or “poor” credit tiers:

  • Fair credit: 580 to 669
  • Poor credit: 300 to 579

What makes a bad credit score?

There are five factors that make up your FICO score. The percentages reflect how important each of them are:

  • Payment history (35%)
  • Amounts owed (30%)
  • Length of credit history (15%)
  • New credit (10%)
  • Credit mix (10%)

If your credit score is low, it’s likely because you haven’t consistently made payments or because you have substantial debt from multiple loans. Your credit score can also get dinged if you have a short credit history, if you have only had access to one type of loan or credit, and if you have recently gotten a new credit card or loan.

How to Get a Bad-Credit Loan

The process of getting a personal loan with bad credit may be more difficult than if you had excellent credit — but you can find one that’s flexible or affordable. You’ll just have to do a little more digging and consider how a loan payment may fit into your budget.

1. Figure out what your needs are

First, consider why you need a personal loan. Are you looking to consolidate credit card debt? Fund a wedding or vacation? Taking out a loan is a big responsibility and can damage your financial health if you’re not careful. We recommend taking out a loan only if it’s going to improve your financial health. Otherwise, you could be sinking yourself into unnecessary debt with unfavorable terms.

2. Shop around

Find out what banks, credit unions, and online lenders offer personal loans for people with “fair” or “poor” credit. With the COVID-19 pandemic, many lenders have tightened their qualification standards and limited lending to people with good-to-excellent credit, but there are still options out there for you. Just make sure the interest rates and fees aren’t too high and that the lender is reputable.

3. Get prequalified

Many lenders offer the option to apply for pre-qualification, where you can enter a limited amount of information about yourself on the website and see what type of APR and loan terms you’d potentially qualify for. It’s not an official offer, but it does give you a sense of your eligibility for the loan without the lender running a hard credit inquiry on you. A hard credit check (one or multiple) can lead to a temporary decrease in your credit score.

4. Apply

Qualifications and required information will differ between lenders, but you’ll likely need to provide the following details:

  • Permanent address
  • Social Security number
  • Employment history
  • Source(s) of income
  • Existing debts and assets
  • Purpose of the loan
  • Co-borrower or cosigner information

Lenders will also run a hard credit check to understand what your credit score and debt-to-income ratio are. 

5. Gather documentation, once approved

If you’re approved for a personal loan, the lender will need to verify the information you provided during the application process. So it’s helpful to keep the following documents on hand:

  • Driver’s license or other type of photo ID
  • Proof of Social Security number
  • Tax returns
  • Paystubs
  • W-2 forms
  • If paying off debt: account numbers and balances of loans, credit cards, or other debt

6. Withdraw funds 

Once the lender has verified your documentation, you’re ready to receive the loan amount — if you’re approved. Lenders will either mail you the check, direct deposit the cash, or send a wire transfer. And it can take anywhere from one day to a week to receive it. To mitigate any potential problems in the future, we recommend setting up autopay with your lender so you never miss a bill payment.

How to Avoid Scams

Scams are abundant in the world of bad-credit lending. Many predatory lenders will entice people with promises of quick cash, only to charge extremely high fees and interest rates. As a result, those who have low income or low credit scores can find themselves in a cycle of debt. Here are some ways you can avoid getting scammed by a predatory lender.

1. Avoid lenders that don’t ask for your credit

Even if they’re accepting of bad credit, a reputable lender should still ask for your credit history and sources of income. It’s a bad sign if a lender seems like it would accept anyone; it could mean it’s more interested in extracting fees from people than lending responsibly.

2. Check if the business is licensed and has good reviews

Any lender you work with should be licensed by the Federal Trade Commission in your state. You can find out this information through your state regulator or attorney general. We also recommend checking the lender’s letter-grade with the Better Business Bureau (BBB), which rates companies based on consumer complaints. If a prospective lender has been sued by a state attorney general, for example, you’ll be able to see those details on its BBB page.

3. Don’t pay cash upfront

It’s normal for origination, application, or appraisal fees to come out of the loan amount. But if a lender is charging you cash upfront, that is a major red flag.

4. Ignore the hard sell

Reputable lenders typically aren’t advertising to you over the phone or at your front door. If an ad or sales pitch seems like a scam, it probably is. Similarly, you shouldn’t work with any lender that tries to pressure you into applying or signing a contract.

5. Look for signs the lender is real

Your lender should have a robust and secure website (starting with “https” in the url in your browser and a padlock symbol), as well as a physical address. Online lenders may not have physical storefronts you can walk into, but they should still have an address that signifies an office staffed by employees.

Types of Bad Credit Loans

1. Secured and unsecured personal loans

Personal loans are either secured or unsecured. To get a secured loan, you need to put up an asset (such as your home or vehicle) as collateral for the loan. When you do this, the bank gets extra reassurance about your application and is more likely to approve you or give you a lower APR — but the risk is you could lose that asset if you fall behind on payments. Unsecured loans don’t require collateral and may come with higher interest rates and lower loan amounts, but they’re less risky for you as the borrower.

2. Payday loans

Payday loans are short-term, high-cost loans — often for $500 or less. You can get these loans quickly, but the fees and interest rates are exorbitantly high. Payday loans frequently land people in cycles of debt due to often-predatory lending terms. We recommend avoiding payday loans at all costs.

3. Cash advances

Cash advances are short-term cash loans borrowed from the available balance on your credit card. They can be an easy method for fast cash, but the interest rates are often much higher than a credit card’s standard purchase APR or a personal loan APR.

4. Bank agreements

Bank agreements are small loans given out by banks who have existing relationships with customers. If you’re in a bind, your bank may be able to loan you some cash — but keep in mind these policies are not official and the terms and requirements will differ depending on the lender and the applicant’s financial profile.

5. Home equity loans for bad credit

Home equity loans are fixed-term, fixed-rate loans taken out from the value of your home. These loans are secured by your home equity and may be available to you as a homeowner, even if you have “fair” or “poor” credit. But know that you are taking on additional risk — if you fall behind on payments, your home could go into foreclosure.

6. HELOCs for bad credit

Similar to home equity loans, a home equity line of credit (HELOC) is secured by the value of your home. But with HELOCs,  you’re borrowing from a revolving credit line (not unlike a credit card) and can withdraw cash any time you want within the draw period of the line of credit. After the draw period, you’ll enter a repayment period in which you cannot withdraw more cash and must pay back what was borrowed in a certain amount of time. Because of the COVID-19 pandemic, HELOCs have become extremely difficult to get for anyone with less than “good” credit.

7. Student loans for bad credit

Student loans are available to borrowers with “fair” or “poor” credit who are looking to pay for tuition, student living expenses, textbooks, and other learning essentials. You likely won’t be able to take out a personal loan for student expenses, so instead, you’ll need to shop around among specialized student loan lenders.

How to Choose the Best Bad-Credit Loan Company

Having a less-than-perfect credit score can limit your options when it comes to finding a lender, but you should still shop around for the best terms and do your research to make sure you’re working with a reputable lender. Here are some things to look out for:

The APR

In general, having a less-than-ideal credit score will disqualify you from getting the best rates, but you should still be mindful of what APRs (Annual Percentage Rate) you’re getting and shop around to get the best deal. Generally, APRs over 40% should be avoided. High APRs may be a sign of a predatory lender and taking loans with high APRs may make it more difficult for you to get out of debt. 

Fees

Besides the APR, fees are another important factor to watch out for, as they can quickly rack up. Common fees include application fees, origination fees, late payment fees, and prepayment penalties. Fees typically come out of the loan amount, so be wary of any lender charging money upfront. And it’s best to avoid lenders that charge prepayment penalties, which charge you a fee if you decide to pay off your loan early. 

Credit Score Requirements

Having a low credit score may rule out your ability to get a loan from certain lenders, but all the lenders we picked for this list have a minimum FICO credit score requirement in the “fair” credit score range, which is 580 – 669. Many lenders will list the recommended credit score ranges on their site, and some may even let you see if you pre-qualify without a hard credit inquiry. It’s important to keep in mind the credit score requirements and be strategic about applying so that you’re only applying to loans you have a good chance of qualifying for. 

Secured or Unsecured Loans

One factor to take into consideration when choosing a lender is if you want to get a secured or unsecured loan. With secured loans, you put down an asset — such as a house or a car — as collateral, which the lender can seize if you don’t make your payments. Since secured loans offer less risk to the lender, you may be able to get better rates or qualify with a lower credit score. However, you should weigh the pros and cons carefully and make a decision based on your individual financial situation. 

Transparency and Customer Service

A final thing to watch out for is the transparency of the lender and the quality of customer service. For this list, we at NextAdvisor ruled out lenders who did not make essential information easily accessible. A lender that is transparent about basic information does not guarantee they’ll be transparent about everything. And a lender that hides important information or appears misleading is never a good sign. 

Getting a sense of the quality of customer service before you sign with a lender can also be helpful. The lending and repayment process can be long and complicated, and working with a lender that’s helpful when issues arise can save you a lot of headache in the long run. You can check out customer reviews and complaints — as well as how the company responded to them — on consumer review websites like the Better Business Bureau (BBB).

Frequently Asked Questions About Bad-Credit Loans

How can I fix my credit to get a better loan?

If you want to increase your credit score to better your chances of getting a loan, here are some ways to do it:

  • Pay your bills on time. Payment history accounts for 35% of your FICO credit score, so the best way to increase your credit score is to pay your bills on time and in full every month.
  • Check your credit report for errors. You can check your credit report for free from the three major credit reporting agencies — Equifax, Experian, and TransUnion — every year. Report any errors to the credit bureau responsible so that your credit score isn’t harmed by inaccurate information. 
  • Don’t close old credit cards, even if you’ve paid them off. The average age of your credit history accounts for 15% of your FICO credit score. Even if you don’t intend on using a card regularly, it’s best to keep it open, especially if the card is your oldest card.
  • Avoid opening too many new cards at once. Recent activity accounts for 10% of your credit score, so you’ll get dinged if you open — or even apply for — too many credit cards and loans at once. 

What is an unsecured personal loan?

With a secured loan, you put down an asset — such as a house or a car — as collateral, and the lender can seize that asset if you don’t make your payments. An unsecured loan does not require putting down collateral. Unsecured loans are considered riskier for the lender, and because of this, unsecured loans will typically have higher interest rates, lower loan amounts, and stricter credit requirements than secured loans.

Even if you don’t have assets on the line, defaulting on an unsecured loan still has serious consequences. It will seriously damage your credit score, and lenders may take legal action against you. 

How much can I borrow?

The amount you can borrow will depend on the lender you choose and your credit application. The loan amount offered by the lenders we included here range from $1,000 to $50,000. In general, the higher your credit score, the larger the loan amount you’re likely to be approved for. The APR you pay on the loan will also vary depending on the loan amount. Larger loan amounts will also typically have longer loan terms. 

Can you get a small loan with bad credit?

Having bad credit will make it harder for you to get a loan, but it is possible. All the lenders we included on our list have minimum FICO credit score requirements in the “fair” range, which includes scores from 580 – 669. Keep in mind that the lower your credit score, the higher your APR will likely be. Be wary of payday loans or other predatory lenders who may offer loans to those with poor credit at the cost of extremely high APRs and fees.

If you have a bad credit score, here are some things you can do to improve your chances of getting approved:

  • Lowering your debt to income ratio (total debts divided by total income)
  • Demonstrating that you have a stable source of income
  • Getting a co-signer on the loan, if the lender allows it
  • Getting a secured loan instead of an unsecured loan

Can you get a loan if you’re unemployed?

It is possible to get a loan if you’re unemployed, but it may be harder, and there are certain considerations you’ll need to take in mind. Lenders ask for employment information because they want to make sure you can make the monthly payments. If you have a source of alternative income outside of a traditional job — unemployment benefits, social security benefits, a side hustle, or a spouse’s income — you may have better chances of getting approved for a loan.

Can you get a loan with no credit check?

Most reputable lenders, even ones that have lower credit score requirements, will require a credit check. Be wary of companies who promise to accept anyone; it may be that they’re more interested in making money off of high fees and APRs than lending responsibly.

What’s the easiest loan to get with poor credit?

In general, secured loans are easier to get than unsecured loans because they’re less risky for the lender. Secured loans also tend to come with lower interest rates than unsecured loans, even if you have poor credit. Secured loans are riskier for the borrower, however, because you could lose your collateral if you don’t make payments.

One type of loan you should avoid is payday loans, which may have low credit score requirements at the cost of high fees and APRs that could dig you deeper into debt. 

How will applying for a poor-credit loan impact my credit score?

When applying for any loan, the lender will run a “hard” credit inquiry on you, meaning they’re pulling your credit report from a credit bureau to assess your creditworthiness. A “hard” credit inquiry can temporarily harm your credit score and may stay on your credit report for two years. Because recent activity accounts for 10% of your credit score, it’s best not to apply for too many new credit accounts in a short period of time.

Sometimes lenders will offer a “soft” credit inquiry to allow you to check if you’re pre-qualified for a loan and what rates you’ll get before you formally apply. “Soft” inquiries will not affect your credit score. 

What documents are required to apply for a bad-credit loan?

Requirements will vary from lender to lender, but in general, here’s what you should have on hand when you apply for a loan:

  • Driver’s license or other type of photo ID
  • Proof of Social Security number
  • Tax returns
  • Paystubs
  • W-2 forms
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United Bankshares: asymmetric risk-reward with increased dividends (NASDAQ: UBSI) https://freebassuk.com/united-bankshares-asymmetric-risk-reward-with-increased-dividends-nasdaq-ubsi/ Sat, 12 Mar 2022 00:27:00 +0000 https://freebassuk.com/united-bankshares-asymmetric-risk-reward-with-increased-dividends-nasdaq-ubsi/ JHVEditorial photo/iStock via Getty Images United Bankshares (NASDAQ: UBSI) had humble beginnings in 1839 as a regional bank in West Virginia. Over the years, the company has taken advantage of several growth opportunities and has become one of the top fifty banks in the United States through numerous well-managed mergers and acquisitions. With dual headquarters […]]]>

JHVEditorial photo/iStock via Getty Images

United Bankshares (NASDAQ: UBSI) had humble beginnings in 1839 as a regional bank in West Virginia. Over the years, the company has taken advantage of several growth opportunities and has become one of the top fifty banks in the United States through numerous well-managed mergers and acquisitions. With dual headquarters located in Washington DC and Charleston, WV, United Bankshares holds over $29 billion in assets and continues to grow. It became a publicly traded company in 1987 and has since completed thirty-three acquisitions with 222 full-service banking offices and twenty-two loan origination offices in its footprint of Virginia, West Virginia, Maryland, Pennsylvania, Ohio, North Carolina, South Carolina and Washington DC

UBSI share price

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In this article, I will illustrate the strong foundation United Bankshares maintains to promote growth, increase profitability, minimize risk and why a bullish stance could provide benefits in the years to come with ever-increasing dividend increases for its investors. .

Reliable growth

UBSI price vs asset chart

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United Bankshares has a history of successful mergers and acquisitions. The acquisition of Virginia Commerce Bank took place in 2013 and Bank of Georgetown in 2016. 2017 saw the acquisition of Cardinal Financial Corporation, resulting in the company now owning over $19 billion in assets. In November 2019, the company announced that Carolina Financial Corporation, the parent company of CresCom Bank, had entered into a merger agreement increasing United Bankshares from approximately $19.8 billion in assets to approximately $25 billion, which was concluded in May 2020.

And finally, in June 2021, the company announced that Community Bankers Trust, the parent company of Essex Bank, had entered into a merger agreement, which was finalized in December 2021, resulting in it owning approximately $29 billion in assets, ranking it first. 41st largest banking company in the United States by market capitalization.

Through all the growth United Bankshares has achieved, it has consistently lived up to its investors, with forty-eight consecutive years of shareholder dividend increases. This despite several difficult periods for the financial sector, including the financial crisis of 2008. United Bankshares not only performed well, but declined funds offered by the US Treasury through the Troubled Asset Relief Program (TARP) following the financial crisis. of 2008 – a true indication of the quality of its assets.

As reported in the fiscal 2021 financial statements, the company holds $29.4 billion in assets and reported record profits for the year. Additionally, the bank’s asset quality remains cautious with NPA loans of just $90.8 million in 2021, compared to $132.2 million in 2021. It continues to be well capitalized, in line with regulatory guidelines.

UBSI Course vs Net Income Chart

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As its assets grew, United Bankshares improved its bottom line year-over-year. Net income for 2021 reached $368 million, increasing from $289 million in 2020, $260 million in 2019 and $256 million in 2018. The bank’s main revenue driver is interest income from all loans and leases with additional income from its brokerage. , trust, mortgage and custodial services.

The company’s mission is to provide “service excellence to our employees, customers, shareholders and communities”. This mission is manifested in the value they place on their employees. Each year, the main expenses reported relate to compensation and employee benefits. This commitment to its employees fosters dedication, a strong work ethic and employee retention – all leading to the growth and performance that United Bankshares has demonstrated over time.

UBSI price vs cash vs assets chart

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In fiscal 2021, United Bankshares held approximately $3.8 billion in cash and cash equivalents, which increased from $2.2 billion in fiscal 2020. Its largest current asset is related to interest-bearing deposit accounts reaching $3.5 billion. Total borrowings decreased by $60.4 million, or approximately 6%, from fiscal 2020, with short-term borrowings decreasing by 9.5% to $129 million. The most recent acquisition of Community Bankers Trust added $6.8 million in short-term borrowings.

However, everything was repaid at the end of the year. The most recent acquisition also added approximately $260 million in equity with more than seven million shares authorized but not issued. This resulted in an increase in retained earnings to $185 million or 15.4% since fiscal 2020. The company’s capital ratios also exceeded all regulatory requirements as of fiscal 2021.

To pass the baton

In February 2022, United Bankshares announced board approval of an executive leadership reorganization effective Q2 2022. Outgoing CEO Richard M. Adams will become executive chairman of the board with his son, Rick Adams, Jr., stepping up to become CEO. At the same time, Jim C. Consagra – currently COO – will become President. Rick Adams, Jr. joined the bank in 1994 after practicing law at Bowles Rice, LLP and most recently served as president. Jim Consagra joined the bank in 1998 following the acquisition of George Mason Bankshares, where he served as Chief Financial Officer and Treasurer.

In March 2022, the company announced the board’s approval of the promotion of Julie R. Gurtis to president. Julie Gurtis most recently served as Executive Vice President and Chief Commercial Banking Officer for the bank; however, his 31-year career included roles such as commercial lender, market president and regional president. The transition of a bank president, Michael P. Fitzgerald, to vice chairman of the board was also announced. Fitzgerald was the founder, president, president and chief executive officer of Bank of Georgetown, acquired by United Bankshares in 2016. Fitzgerald plans to continue to focus on business development and client relationships.

While changes do occur, the amount of experience gained in these vital roles is unparalleled and supports growth and continued performance.

Current events and future prospects

On March 8, 2022, Mark Tatterson, Chief Financial Officer, presented at the 43rd Raymond James Institutional Investor Conference. Tatterson discussed United Bankshares’ “high return/low risk” strategy and the vast experience of its management team. Loan growth is expected to be mid-range for 2022, and investment portfolio balances are expected to grow, benefiting from the recent rate hike.

Net interest income for 2022 is expected to be between $780 million and $800 million, which is a significant increase from $724 million in 2021, benefiting from higher market interest rates. Non-interest expenses are expected to reach $570-580 million, which is consistent with what was reported in 2021. These growing numbers of consistent revenue and expenses will prove lucrative for the bank’s bottom line in 2022.

The company’s investment thesis touts long-term growth prospects with an expanded market footprint. It offers a current income opportunity with a dividend yield of around 4% based on recent prices. Again, Tatterson reinforces the “performing bank with a low risk profile” strategy, citing United Bankshares’ performance throughout the financial crisis and beyond. It is evident that it has been and will remain profitable and will hold a substantial market share within the industry.

With a record of year-over-year dividend increases with proven performance during the darkest times, United Bankshares is a beacon of progress and prosperity. Its management team is experienced with long-serving employees taking on vital responsibilities. The company will likely continue to grow, capture more market share, increase profitability, and ultimately continue to improve dividends for investors who take a bullish stance with a buy-and-hold strategy. conservation.

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You don’t need perfect timing to build wealth with dividends https://freebassuk.com/you-dont-need-perfect-timing-to-build-wealth-with-dividends/ Fri, 11 Mar 2022 23:12:36 +0000 https://freebassuk.com/you-dont-need-perfect-timing-to-build-wealth-with-dividends/ I followed your pattern Yield Hog Dividend Growth Portfolio for a few years, but only now do I have the money to invest. I consider some of the stocks in your portfolio such as Enbridge Inc. (ENB), BCE Inc. (BCE), Telus Corp. (T), Fortis Inc. (FTS) and Emera Inc. (EMA). However, they are all trading […]]]>

I followed your pattern Yield Hog Dividend Growth Portfolio for a few years, but only now do I have the money to invest. I consider some of the stocks in your portfolio such as Enbridge Inc. (ENB), BCE Inc. (BCE), Telus Corp. (T), Fortis Inc. (FTS) and Emera Inc. (EMA). However, they are all trading at or near all-time highs. Should I wait for a better entry point to invest in these stocks?

The problem with “waiting for a better entry point” is that it might never come. If the stocks you’re watching continue to rise, you’ll pay more for them, not less. Plus, by waiting for prices to drop, you’ll be missing out on the attractive dividends these companies pay out.

Whether a stock is trading at or near an all-time high doesn’t in itself tell you anything about where the price will go next. Yet many investors tie themselves in knots because their biggest fear is buying right before a pullback and “losing money” on paper.

But would it really be so serious? If you have a long-term investment horizon – which is best if you’re considering stocks – a short-term drop in a stock’s price shouldn’t matter to you. Your goal as an investor should be to identify strong companies that are growing in revenue, earnings and dividends and that will pay you back over the long term, say five years or more. As the old saying goes, it is time in the market, not market timing, that creates wealth.

So instead of trying to pick your entry points perfectly – which no one can consistently do – I suggest you focus on building a well-diversified portfolio, keeping your costs low and reinvesting your dividends to get the most out of capitalization. These are things you can control. Instead of owning individual stocks, you can consider exchange-traded index funds. ETFs will give you instant diversification and help limit the regret and anxiety that some investors feel when the price of an individual company they own drops.

In a recent column, you said that when shares have lost value and are transferred to a tax-free savings account, the investor cannot claim a loss for tax purposes. What about a situation where stocks that have appreciated in value are transferred to a TFSA? Will capital gains taxes be avoided in such situations?

No. Capital gains tax still applies when you transfer a winning action from a non-registered account to a TFSA (or any other registered account). The CRA considers this a deemed disposition, and the tax treatment is the same as if you had sold the shares.

This might seem unfair to some investors. After all, if you transfer losing stocks to a registered account, the capital loss is denied for tax purposes. Similarly, if you sell a losing stock and you – or someone affiliated with you, such as a spouse or a company controlled by you or your spouse – buy back the same stock within 30 days (before or after the date of sale ), this is considered a “superficial loss” and cannot be used for tax purposes.

Unfortunately, the rules are different for capital gains.

As a blog post on adjustedcostbase.ca explains, “If you sell shares and realize a gain, but immediately buy the shares back, can you call that an ‘apparent gain’ and defer the gain? The answer is no: you cannot defer the capital gain and there is no “superficial gain”. The capital gain is taxable immediately in the current tax year, even if the shares are redeemed within 30 days.

I’m about to get quite a large sum of money, part of which I plan to donate to charity. To make a donation in the most tax-efficient way possible, I am thinking of donating shares that I already own and that generate a substantial capital gain. Can I immediately buy more shares of the same company or do I have to wait 30 days?

When you donate listed securities that have appreciated in value, you benefit in three ways. First, you get the satisfaction of helping a good cause. Second, you avoid capital gains tax. Third, you receive a charitable donation receipt for the market value of the securities. The only loser is the Canada Revenue Agency, which receives less tax revenue.

After donating your securities, you are free to buy back shares of the same company. There is no need to wait 30 days. The 30-day waiting period only applies if you sell shares for a capital loss and wish to redeem them without violating the superficial loss rule.

Email your questions to jheinzl@globeandmail.com. I am not able to answer emails personally but I choose certain questions to answer in my column.

Be smart with your money. Get the latest investing news straight to your inbox three times a week, with the Globe Investor newsletter. register today.

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Bail reform would make Ohio healthier and safer https://freebassuk.com/bail-reform-would-make-ohio-healthier-and-safer/ Thu, 10 Mar 2022 08:23:13 +0000 https://freebassuk.com/bail-reform-would-make-ohio-healthier-and-safer/ For years, Ohioans have watched states from Kentucky to New Jersey to Colorado and many of them have passed legislation to modernize their bail systems. While public conversation and stakeholder interest were high, Ohio did not cross the finish line. But that doesn’t mean we can’t, and it’s time to remember what bail reform would […]]]>

For years, Ohioans have watched states from Kentucky to New Jersey to Colorado and many of them have passed legislation to modernize their bail systems. While public conversation and stakeholder interest were high, Ohio did not cross the finish line. But that doesn’t mean we can’t, and it’s time to remember what bail reform would actually do for all Ohioans.

Every day, as much as 12,000 people, or about 60% in Ohio prisons, have not been sentenced. These legally innocent people largely remain behind bars simply because they cannot afford cash bail. This is the essence of wealth-based detention, and it does nothing to promote public safety. But it hurts families, communities and the fabric of Ohio.

Long prison wait times have devastating long-term consequences, even for those later found innocent. Our criminal justice system should not be set up to punish and create instability for any of us, but certainly not for those who are legally innocent and awaiting trial. Unfortunately, this is exactly how our pretrial system currently works. Fortunately, Senate Bill 182 and House Bill 315, Bipartisan bail reform companion legislation is making its way through the Ohio Statehouse.

Senators McColley and Steve Huffman, along with Representatives David Leland and Brett Hillyer and 46 co-sponsors are leading this effort. This legislation rightly focuses on key provisions to ensure that people do not languish in jail simply because they cannot pay cash bail while maintaining and prioritizing public safety.

The bills accomplish this by creating a release pathway so most people can go home within 24 hours, unless the judge or prosecutor is concerned that someone is missing a court date or s ‘it raises considerable public safety concerns. In this case, a hearing on detention or release conditions could be scheduled within 48 to 72 hours depending on the prosecution. These hearings would include access to counsel and if a cash bond is attached, the defendant’s ability to pay must be taken into account.

These common-sense policy solutions will greatly benefit Ohio communities and save the state hundreds of millions of dollars.

Under the proposed legislation, Ohio would be a healthier place. The size of his wallet should not determine his freedom, especially when we know that policies that reinforce the vicious cycle of criminalizing poverty hurt us all. Every day spent in prison puts a person’s job, home, family life and community ties at risk.

Policy Matter Ohio 2021 Report, Bail reform will improve Ohio’s health, Remarks that “one of the obvious effects of pre-trial incarceration is an increase in mental stressors, such as the threat of job loss, separation from family, and the trauma of incarceration. These and other environmental and personal factors can degrade the mental health of those incarcerated while awaiting trial.

This report also highlights the negative effects on the children of those who are incarcerated. The stress of not knowing when or if their parents will come home can even cause more stress compared to longer sentences after conviction.

The research in Ohio also mirrors what we’re seeing nationally. Persons detained before trial are more likely to be convicted than those charged with the same crime but released shortly after arrest, and they are more likely to be sentenced to jail or prison, and longer sentences.

Moreover, there is a big misconception about WHO is in our prisons and Why. A 2020 ACLU from Ohio study of four counties revealed that 63% of those detained before trial were charged with a misdemeanor or felony without a person. Most of these people should be at home with their families rather than in a jail cell. The cash bail system unfairly punishes people who don’t have money, just because they don’t.

Ohio’s overreliance on cash bail is costing our communities in ways we cannot quantify. Bail reform will undoubtedly help families and communities maintain stability. That’s why more than 70 organizations and individuals support these efforts across Ohio. It’s not just social justice advocates – religious people, scholars and even law enforcement have all taken their places at the table.

Meaningful bail reform, like that of Senate Bill 182 and House Bill 315, promotes public safety, ends wealth-based detention, and allows more people to be home with their family ahead of their trial date, strengthening the fabric of Ohio. The evidence is clear, bail reform is a win-win, and now is the time for bail reform.

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Tekmar Group (LON:TGP) makes moderate use of debt https://freebassuk.com/tekmar-group-lontgp-makes-moderate-use-of-debt/ Wed, 09 Mar 2022 07:47:08 +0000 https://freebassuk.com/tekmar-group-lontgp-makes-moderate-use-of-debt/ Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from synonymous with risk.” So it may be obvious that you need to take debt into account when thinking about the risk of a given stock, because too much debt can […]]]>

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett said “volatility is far from synonymous with risk.” So it may be obvious that you need to take debt into account when thinking about the risk of a given stock, because too much debt can sink a business. We can see that Tekmar Group plc (LON:TGP) uses debt in its business. But the real question is whether this debt makes the business risky.

What risk does debt carry?

Debt helps a business until the business struggles to pay it back, either with new capital or with free cash flow. In the worst case, a company can go bankrupt if it cannot pay its creditors. Although not too common, we often see companies in debt permanently diluting their shareholders because lenders force them to raise capital at a ridiculous price. Of course, the advantage of debt is that it often represents cheap capital, especially when it replaces dilution in a business with the ability to reinvest at high rates of return. When we think about a company’s use of debt, we first look at cash and debt together.

Discover our latest analysis for Tekmar Group

What is the net debt of the Tekmar group?

As you can see below, at the end of September 2021, the Tekmar Group had a debt of £6.05m, up from £3.00m a year ago. Click on the image for more details. On the other hand, he has £3.48m in cash, resulting in a net debt of around £2.57m.

AIM: TGP Debt to Equity History March 9, 2022

A look at the liabilities of the Tekmar group

We can see from the most recent balance sheet that the Tekmar group had liabilities of £12.5m due within a year, and liabilities of £3.65m due beyond . As compensation for these obligations, it had cash of £3.48 million as well as receivables valued at £17.4 million maturing within 12 months. Thus, he can boast that he has £4.68 million more in liquid assets than total Passives.

This excess liquidity suggests that the Tekmar group is taking a cautious approach to debt. Given that he has easily sufficient short-term cash, we don’t think he will have any problems with his lenders. There is no doubt that we learn the most about debt from the balance sheet. But ultimately, the company’s future profitability will decide whether the Tekmar Group can strengthen its balance sheet over time. So if you are focused on the future, you can check out this free report showing analyst earnings forecast.

Last year, the Tekmar Group recorded a loss before interest and tax and actually cut its revenue by 20%, to £31million. This is not what we hope to see.

Caveat Emptor

While Tekmar Group’s declining revenue is about as comforting as a wet blanket, arguably its loss of earnings before interest and taxes (EBIT) is even less appealing. Indeed, it lost a very considerable £3.6 million in EBIT. On the plus side, the company has adequate liquid assets, giving it time to grow and expand before its debt becomes a short-term issue. Still, we would be more encouraged to study the business in depth if it already had free cash flow. This one is a little too risky for our liking. There is no doubt that we learn the most about debt from the balance sheet. However, not all investment risks reside on the balance sheet, far from it. Know that Tekmar Group shows 2 warning signs in our investment analysis you should know…

In the end, sometimes it’s easier to focus on companies that don’t even need to take on debt. Readers can access a list of growth stocks with no net debt 100% freeat present.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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In Recognition of National Consumer Protection Week, Attorney General Bonta Highlights Consumer Resources and ACJDO Priorities | State of California – Department of Justice https://freebassuk.com/in-recognition-of-national-consumer-protection-week-attorney-general-bonta-highlights-consumer-resources-and-acjdo-priorities-state-of-california-department-of-justice/ Mon, 07 Mar 2022 15:13:51 +0000 https://freebassuk.com/in-recognition-of-national-consumer-protection-week-attorney-general-bonta-highlights-consumer-resources-and-acjdo-priorities-state-of-california-department-of-justice/ Urges consumers to report violations of law to the California Department of Justice at oag.ca.gov/report OAKLAND – In recognition of National Consumer Protection Week, California Attorney General Rob Bonta today highlighted ongoing efforts to protect California consumers and urged consumers to report misconduct or violations of laws of State Consumer Protection at the California Department […]]]>

Urges consumers to report violations of law to the California Department of Justice at oag.ca.gov/report

OAKLAND – In recognition of National Consumer Protection Week, California Attorney General Rob Bonta today highlighted ongoing efforts to protect California consumers and urged consumers to report misconduct or violations of laws of State Consumer Protection at the California Department of Justice (DOJ) at oag.ca.gov/report. Complaints filed by the public play a vital role in the Attorney General’s consumer protection efforts by providing DOJ with important information about potential wrongdoing to help determine whether a company or individual should be investigated. Enforcement priorities at the DOJ include housing, debt collection, data privacy, higher education, and consumer lending.

“Many in California are buried under a mountain of debt: whether it’s student loans, credit card debt, mortgage payments, or all of the above,” said Attorney General Bonta. “In California, we have strong consumer protection laws, but unfortunately there are still those who seek to take advantage of them. Our team works around the clock to protect consumers and hold bad actors accountable, but we have need your help.If you have been exploited by a predatory lender, are facing abusive debt collection practices, have been unlawfully evicted, or have information about other violations of the law, please file a complaint with my office.The leads we get from the public help us identify where companies are trying to circumvent the law – and help us hold companies accountable.

LODGING: California is facing a housing shortage and affordability crisis of epic proportions. In November, Attorney General Bonta announced the creation of a housing strike force within the California Department of Justice and launched a housing portal on the DOJ website with resources and information for landlords. and California tenants.

The Housing Strike Force encourages Californians to send housing-related complaints or advice to housing@doj.ca.gov. The Housing Strike Force is particularly interested in advice relating to illegal evictions and rent increases, housing discrimination, and the origination and servicing of mortgages. Information about legal aid in your area is available at www.lawhelpca.org.

DEBT RECOVERY: State law protects Californians from abusive, unfair, or deceptive debt collection practices. Attorney General Bonta is urging Californians who receive a notice from a debt collector to respond as soon as possible, even if they don’t owe the debt. If you don’t, the collector may continue to try to collect the debt, report negative information to credit reporting companies, and even sue you.

Collection agents may not contact you repeatedly over a short period of time to annoy or harass you, make false or misleading statements, or contact you at unusual or inconvenient times or places. If you think a debt collector is breaking the law, you can file a complaint at oag.ca.gov/report. For more information on debt collection, go to oag.ca.gov/consumers/general/debt-collectors.

DATA PRIVACY: The California Consumer Privacy Act (CCPA) grants consumers groundbreaking rights over their personal information, including:

  • The right to know – Consumers can ask a company to tell them what specific personal information they have collected, shared or sold about them, and why it was collected, shared or sold.
  • Right to deletion — Consumers can ask a business to delete the personal information it has collected from the consumer, subject to certain exceptions.
  • Right of withdrawal — If a business sells its personal information, consumers can ask that it stop doing so.
  • Rights of minors — A company cannot sell the personal information of minors under 16 without their permission and, for children under 13, without parental consent.
  • Right to non-discrimination — A company cannot discriminate against consumers who exercise their rights under the CCPA.

For more information about the CCPA, visit oag.ca.gov/ccpa. To report a CCPA violation to the Attorney General, submit a complaint at oag.ca.gov/report. You can also use the Consumer Privacy Tool to directly notify businesses that don’t have a clear, easy-to-find “Do Not Sell My Personal Information” link on their homepage.

HIGHER EDUCATION: There is a $1.7 trillion student debt crisis in the United States, and the DOJ is committed to holding bad actors accountable for defrauding California students. If you believe you have been the victim of predatory lending, deceived by a for-profit college, or otherwise exploited, you can file a complaint with our office at oag.ca.gov/report.

California students can also take advantage of recent developments resulting from the work of the DOJ. In January, Attorney General Bonta announced a settlement with student loan manager Navient to resolve allegations of misconduct in the servicing and collection of federal student loans. Californians do not need to take any action to receive the benefits required under the settlement. More information on the settlement is available at www.NavientAGSettlement.com.

After years of effort by state attorneys general and others, the Biden administration recently announced a sweeping overhaul of the broken Public Service Loan Forgiveness (PSLF) and Temporary Public Service Loan Forgiveness programs. the extended public service (TEPSLF). Attorney General Bonta encourages Californians working in the government or nonprofit sector to take advantage of the Department of Education’s limited time Limited Public Service Loan Forgiveness Opportunity Receive credit for past payments made on loans that would otherwise not qualify for the PSLF program. Borrowers requesting loan forgiveness under the recent changes must take action by October 31, 2022.

READY FOR CONSUMPTION: Attorney General Bonta pledged to protect vulnerable California borrowers from predatory lenders and others who seek to take advantage. To that end, the Attorney General is urging Californians to report predatory lenders at oag.ca.gov/report.

Californians should also try to avoid certain loans when possible. To avoid getting stuck in a debt trap, avoid payday loans if you can. Payday loans can turn a short-term need for emergency cash into a long-term, unaffordable cycle of high-interest loans you can’t repay. In California, payday lenders can lend up to $300 and charge a maximum of $45 in fees. Although these fees do not seem too high, the average annual rate of payday loans is 372%. This is a much higher rate than most other loans or credit cards. You can contact the Financial Protection and Innovation Department to verify a payday lender’s license, payday lender disciplinary action history, or to file a complaint. You can also file a complaint with our office.

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Sanlorenzo (BIT:SL) appears to be using debt sparingly https://freebassuk.com/sanlorenzo-bitsl-appears-to-be-using-debt-sparingly/ Sat, 05 Mar 2022 07:34:12 +0000 https://freebassuk.com/sanlorenzo-bitsl-appears-to-be-using-debt-sparingly/ Berkshire Hathaway’s Charlie Munger-backed outside fund manager Li Lu is quick to say, “The biggest risk in investing isn’t price volatility, but whether you’re going to suffer a permanent loss of capital “. It’s natural to consider a company’s balance sheet when looking at its riskiness, as debt is often involved when a company fails. […]]]>

Berkshire Hathaway’s Charlie Munger-backed outside fund manager Li Lu is quick to say, “The biggest risk in investing isn’t price volatility, but whether you’re going to suffer a permanent loss of capital “. It’s natural to consider a company’s balance sheet when looking at its riskiness, as debt is often involved when a company fails. We note that Sanlorenzo Spa (BIT:SL) has debt on its balance sheet. But should shareholders worry about its use of debt?

When is debt dangerous?

Debt and other liabilities become risky for a business when it cannot easily meet those obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company cannot meet its legal debt repayment obligations, shareholders could walk away with nothing. However, a more common (but still painful) scenario is that it has to raise new equity at a low price, thereby permanently diluting shareholders. Of course, debt can be an important tool in businesses, especially capital-intensive businesses. The first thing to do when considering how much debt a business has is to look at its cash and debt together.

See our latest analysis for Sanlorenzo

What is Sanlorenzo’s debt?

You can click on the chart below for historical figures, but it shows Sanlorenzo had €100.9m in debt in September 2021, up from €106.6m a year earlier. However, he has €139.1m in cash which offsets this, leading to a net cash of €38.3m.

BIT:SL Debt to Equity March 5, 2022

How strong is Sanlorenzo’s balance sheet?

According to the last published balance sheet, Sanlorenzo had liabilities of €265.5 million maturing within 12 months and liabilities of €76.3 million maturing beyond 12 months. In return for these obligations, it had cash of €139.1 million as well as receivables worth €125.6 million at less than 12 months. Thus, its liabilities outweigh the sum of its cash and (short-term) receivables by €77.1 million.

Given that Sanlorenzo has a market capitalization of €1.11 billion, it’s hard to believe that these liabilities pose a big threat. But there are enough liabilities that we certainly recommend that shareholders continue to monitor the balance sheet in the future. Despite its notable liabilities, Sanlorenzo has a net cash position, so it’s fair to say that it’s not heavily leveraged!

On top of that, we are pleased to report that Sanlorenzo increased its EBIT by 76%, reducing the specter of future debt repayments. The balance sheet is clearly the area to focus on when analyzing debt. But ultimately, the company’s future profitability will decide whether Sanlorenzo can strengthen its balance sheet over time. So if you are focused on the future, you can check out this free report showing analyst earnings forecast.

Finally, a business needs free cash flow to pay off its debts; book profits are not enough. Sanlorenzo may have net cash on the balance sheet, but it’s always interesting to see how well the company converts its earnings before interest and taxes (EBIT) into free cash flow, as this will influence both its need and its ability to manage debt. Over the past three years, Sanlorenzo has recorded a free cash flow of 47% of its EBIT, which is lower than expected. It’s not great when it comes to paying off debt.

Abstract

While it is always a good idea to look at a company’s total liabilities, it is very reassuring that Sanlorenzo has 38.3 million euros in net cash. And we liked the look of EBIT growth of 76% YoY last year. So is Sanlorenzo’s debt a risk? This does not seem to us to be the case. There is no doubt that we learn the most about debt from the balance sheet. However, not all investment risks reside on the balance sheet, far from it. Example: we have identified 2 warning signs for Sanlorenzo you should be aware.

If, after all that, you’re more interested in a fast-growing company with a strong balance sheet, check out our list of cash-neutral growth stocks right away.

This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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