Private banking – Chateau Langeais http://chateaulangeais.com/ Thu, 14 Oct 2021 02:02:30 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://chateaulangeais.com/wp-content/uploads/2021/10/icon-92-120x120.png Private banking – Chateau Langeais http://chateaulangeais.com/ 32 32 Tempted by a Payday Loan? First, Take a Closer Look https://chateaulangeais.com/tempted-by-a-payday-loan-first-take-a-closer-look/ Thu, 14 Oct 2021 02:02:28 +0000 https://chateaulangeais.com/?p=223 It happens to many people. Your finances are fine. You’re meeting all your obligations and paying all your bills. But then, something unexpected (and costly!) happens. It happens. Sometimes you may think you only need a little extra cash to get you through the next payday. How It Works Payday lenders enable borrowers to get short-term loans […]]]>

It happens to many people. Your finances are fine. You’re meeting all your obligations and paying all your bills. But then, something unexpected (and costly!) happens. It happens. Sometimes you may think you only need a little extra cash to get you through the next payday.

How It Works

Payday lenders enable borrowers to get short-term loans to pay for their next paycheck. These loans are also known as payday loans. When you apply for this type loan, you will be asked to send a post-dated cheque (dated when the loan payment is due), or you may agree to let the lender take the payment directly from the account. It is important to remember that there will not be any small payments. You will have to pay all of the loan and the interest/finance fee at once.

You don’t want to sign the dotted line and leave your finances in worse shape. Here’s some information about payday loans. You can visit Oak Park`s official website for more information.

Costs Can Mount Quickly

Payday lenders often charge a flat-fee, but they can offer loans that are significantly more expensive than the other types. A lender may charge $15 to borrow $100. For $100, a lender may charge $15. This sounds reasonable if you make your payments on time. But what if you don’t make the payments on time? You may choose to renew the loan. Another $15 fee will apply. Now you’ve spent $30 to borrow $100.

Every time you make additional payments on the loan, the fees will increase and it will be more difficult for you to repay. According to CNBC’s recent report, payday loans can charge you up to 700% in interest. This is more than you would pay on other types of loans. Credit card companies might charge you between 12 and 30 percent. How does that happen, you ask?

Let’s see a real-world example provided by NPR. A woman borrowed $600 through a payday loan lender. Then, she was charged $76.45 additional for a loan due 2 week later. The annual interest rate was 300 percent at $76.45. If she had held the loan at the same rate for a year, she would have owed $1800 interest at the end.

Arm Yourself With Information

It is important to understand the facts so you don’t make an impulsive or rash decision.

  • Be skeptical of false promises. Is it possible for a lender to say that no matter what your credit rating or credit history is, you will be approved for a loan? These offers that seem too good to be true often come with terms that could lead you to having more money problems than you originally thought.
  • Do your research. You should verify that the lender licensed in your state if you are looking to obtain a loan. The Consumer Financial Protection Bureau provides a list containing links to websites of state regulators. You can also search the National Association of Attorneys General website for contact information.
  • Talk to an expert. You can speak with a Oak Park Financial, or an on-base financial representative. They will help you to determine your options, and give other financial advice.
  • Search for alternatives to payday loans. This will help you avoid the high interest rates. These are your options.
    Take a look at a personal or share-secured loan.
    Apply for a Checking Line of Credit.
    A cash advance is a way to get cash on your credit card. But be sure you understand the terms and interest rate before you apply.
    If you can’t make a repayment, please contact creditors immediately. Many creditors will work with consumers they trust to be acting in good faith.
    You should have an emergency fund. If you are faced with unexpected expenses, even small deposits to a savings account can help provide some cushion.
  • Additional Protections for Servicemembers. Servicemembers and dependents are entitled to certain protections under The Military Lending Act when they get payday loans or any other form of financing. Payday loans are exempt from the 36 percent annual percentage limit. The rate covers most fees and charges. Credit agreements that are not in compliance with the protections are null.

There are many other options, besides payday loans. Oak Park Financial could be a better choice than payday loans. For more information, please contact us.

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Payday Loans Now Available For Pandemic Prepared Businesses – Film Daily https://chateaulangeais.com/payday-loans-now-available-for-pandemic-prepared-businesses-film-daily/ Wed, 13 Oct 2021 22:55:48 +0000 https://chateaulangeais.com/payday-loans-now-available-for-pandemic-prepared-businesses-film-daily/ It has been a difficult month for many Americans, with the pandemic sweeping the country. And while it seems that payday loans are no longer an option for those who need quick cash, what about other forms of credit? The Federal Reserve reports that credit card use has increased by more than 5% since the […]]]>

It has been a difficult month for many Americans, with the pandemic sweeping the country. And while it seems that payday loans are no longer an option for those who need quick cash, what about other forms of credit? The Federal Reserve reports that credit card use has increased by more than 5% since the first week of August. This number is expected to continue to rise as more people find themselves in financial difficulty during this time of crisis.

How to apply for your first personal loan?

It is easy to apply for a payday loan when you go through an online lender. All you need is proof of active employment, an open checking account, and no current credit issues. You can then qualify in minutes by providing your bank routing number or your social security number, whichever they ask for!

Upon successful completion of the application process, funds will be deposited into your checking account within 24 hours with full access to cash, whether by ACH transfer or direct deposit, whichever method works best for you!

All in all, if you are looking for quick access to cash in this time of pandemic crisis, applying for a payday loan online could provide you with exactly what you need to get back on track financially without having to to sacrifice too much personal information. According to Usman Konst of Bridgepayday.com actually declined during the pandemic due to government assistance. Now that many programs have ended, the volume is increasing again.

Why should you get a payday loan instead of credit card debt or other types of loans?

Credit cards are limited to specific stores, which means buying generic products becomes difficult. Also, if in doubt about your ability to pay it off immediately, expect large fees and high interest rates on top of the original balance.

Payday loans provide quick, no-questions-asked access to money for those who have been affected by the pandemic in one way or another, but still have a stable income in their household – even if they are. they don’t have a job right now! Best part? You can take out a payday loan and pay it off later, even after the pandemic is over!

What is a pandemic prepared company?

Businesses are susceptible to the pandemic just like individuals, but they are at additional risk of losing money. If your employees cannot come to work due to illness or quarantine, you are not making money! That’s why it’s important for profit-conscious businesses in this time of crisis that they take action now to protect themselves from future losses.

Business owners can prepare for a pandemic by registering with payday loan companies online, giving them access to on-demand cash when credit cards and other forms of financing are difficult or even impossible, due to widespread infection rates.

Another option? Consider adding pandemic preparedness insurance coverage in addition to your traditional insurance policy. This protects your business from financial losses due to the pandemic, such as downtime, missed income, and increased cleanup expenses. And because it’s an endorsement to your existing policy, you won’t need any additional underwriting or approval – meaning this insurance coverage can be added with relative ease!

How to get a personal loan?

To qualify for a payday loan, you need a stable income, an open checking account, and no ongoing credit issues. Additionally, if your bank account has been frozen or closed due to suspected pandemic fraud or theft, you may not be eligible – meaning the only way forward is to use a traditional form of financing such as a business line of credit.

Why Should You Use Payday Loans If You Are Prepared For A Pandemic?

If your employees cannot come to work due to illness or quarantine, you are not making money! That’s why it’s important for profit-conscious businesses in this time of crisis that they take action now to protect themselves from future losses.

Business owners can prepare for a pandemic by registering with payday loan companies online, giving them access to on-demand cash when credit cards and other forms of financing are difficult or even impossible, due to infection rates.

Payday loans provide quick access to cash without having to go through a thorough application or approval process; they’re perfect for borrowers who need quick access to cash to avoid falling behind on other bills.

And while the interest rates associated with online payday loans may be higher than traditional funding sources like commercial lines of credit and bank loans, when you consider the alternative (i.e. no money), that seems like a small price to pay!

Another great advantage of using payday loans is that they do not require you to have collateral or great credit. Instead, these loans are based on your ability to repay the loan instead of your payment history – which means if you’re ready for a pandemic and need quick access to cash now that is definitely an option to consider!

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Elevate Announces New Financing Facility for Today Card | Business https://chateaulangeais.com/elevate-announces-new-financing-facility-for-today-card-business/ Wed, 13 Oct 2021 20:17:16 +0000 https://chateaulangeais.com/elevate-announces-new-financing-facility-for-today-card-business/ FORT WORTH, Texas – (BUSINESS WIRE) – October 13, 2021– Elevate Credit, Inc. (NYSE: ELVT) (“Elevate”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced a $ 50 million financing facility. dollars, with the option of increasing the facility up to $ 100 million, to fund the continued […]]]>

FORT WORTH, Texas – (BUSINESS WIRE) – October 13, 2021–

Elevate Credit, Inc. (NYSE: ELVT) (“Elevate”), a leading technology provider of innovative and responsible online lending solutions for unprivileged consumers, today announced a $ 50 million financing facility. dollars, with the option of increasing the facility up to $ 100 million, to fund the continued growth of the Today Card product, a cheaper option for credit-strapped consumers. The Today Card funding facility is provided by Park Cities Asset Management LLC (“Park Cities”), an alternative investment firm focused on providing flexible debt solutions. The new financing facility will reduce Elevate’s overall cost of capital.

“The Today Card has seen tremendous demand and has been the fastest growing brand over the past 12 months,” said Jason Harvison, CEO of Elevate. “To continue this growth, we announced a new lower cost credit facility. Park Cities has demonstrated a deep understanding of our space. I’m happy to both diversify our funding and promote our platform’s ability to serve unprivileged consumers at even lower APRs.

“Elevate is a game-changer for unprivileged Americans. We are proud to partner with a mission-driven organization and to contribute to their growth, ”said Alex Dunev, Managing Partner of Park Cities. “This installation allows us to continue to strengthen the lower cost and user-friendly products on the Elevate platform. “

About the Today card

Today Card was designed with top-notch features to help expand access to credit for unprivileged consumers with a credit card product that promotes responsible use. The Today Card Mastercard offers benefits such as fraud control, family sharing, and flexible payment terms to unprivileged Americans. For more information see Aujourd’huicard.com.

About the elevation

Elevate (NYSE: ELVT), working with the banks that license its marketing and technology services, has to date granted $ 9.2 billion in unprivileged credit to more than 2.6 million non-privileged consumers. privileged customers and has saved its clients over $ 8.5 billion over the cost of payday loans. Its responsible and technological online lending solutions provide immediate relief to today’s customers and help them build a brighter financial future. The company is committed to rewarding borrowers for good financial behavior with features like interest rates that may drop over time, free financial education, and free credit monitoring. Elevate’s suite of revolutionary credit products include RISE, Elastic and Today Card. For more information, please visit http://corporate.elevate.com.

About park cities

Park Cities Asset Management, LLC is an alternative credit manager focused on deploying capital across all asset classes in the specialty finance and fintech industries. Park Cities and its predecessor have been investing for over a decade and are led by Alex Dunev and Andy Thomas. Park Cities provides investment advice through its SEC-registered investment advisor, Park Cities Advisors, LLC. For more information on Park Cities, please visit www.parkcitiesmgmt.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20211013006004/en/

CONTACT: Investor Relations:

Solebury Trout

Sloan Bohlen, 817-928-1646

investors@elevate.com

Where

Media inquiries:

Solebury Trout

Laurie Steinberg, 845-558-6370

lsteinberg@soleburytrout.com

KEYWORD: TEXAS UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: FINANCING OF PROFESSIONAL BANKING SERVICES

SOURCE: Elevate Credit, Inc.

Copyright Business Wire 2021.

PUB: 10/13/2021 4:15 PM / DISC: 10/13/2021 4:17 PM

http://www.businesswire.com/news/home/20211013006004/en

Copyright Business Wire 2021.

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How To Get A $ 400 Loan Right Now • Benzinga https://chateaulangeais.com/how-to-get-a-400-loan-right-now-benzinga/ Wed, 13 Oct 2021 14:02:31 +0000 https://chateaulangeais.com/how-to-get-a-400-loan-right-now-benzinga/ Sometimes you need a loan because of an unforeseen event such as a higher bill than you originally expected or a family emergency. Getting a loan can offer you a lifeline and help you meet your financial obligations. However, it is difficult to get a loan with bad credit because lenders are reluctant to take […]]]>

Sometimes you need a loan because of an unforeseen event such as a higher bill than you originally expected or a family emergency. Getting a loan can offer you a lifeline and help you meet your financial obligations. However, it is difficult to get a loan with bad credit because lenders are reluctant to take the risk that you will not pay back the loan. Borrowers with bad credit can obtain loans through other means, although the amounts they can borrow are limited.

Some lenders have less stringent standards for borrowers, and others use alternative data when assessing applications. These lenders tend to consider factors like utility bills and other bank account information. It is important to keep in mind that lenders who cater to borrowers with bad credit tend to charge higher interest rates.

Who Needs a $ 400 Loan?

There is no shame in needing funds, and millions of Americans find themselves in such situations. For example, if your utility has been cut, the refrigerator is empty, or you need to cover urgent health expenses, you may need to get a loan. Sometimes a small loan is all you need to cover your children’s back-to-school items.

Where can you get a $ 400 loan?

You can find several ways to get a loan, and the method you choose depends on your credit score as well as your relationship with financial institutions. Below, Benzinga provides a list of traditional ways to get $ 400 loan.

Personal Loans: Don’t count on a personal loan if you have bad credit. Some lenders offer personal loans to borrowers. These lenders may charge higher interest rates of up to 35.99%, but a rate in this range is much lower than payday loans. You’re also more likely to be able to make the payments without hurting your long-term bottom line.

The interest rate for personal loans tends to be fixed, which means you know exactly how much you will be paying over time. A constant rate allows you to plan effectively and ensure that the additional loan does not negatively impact your credit score.

Caisse populaire: only 36.2% of Americans are members of credit unions, which means that only 3 in 10 people can borrow from a credit union. If you are a member of a credit union, you are considered a member-owner. A credit union tends to be more flexible with its owners, especially if you’ve been a member for a while. You may be able to get a loan of $ 400 from your credit union.

Payday loan: Payday lenders are legal in 37 states, and in those states these lenders have many physical locations. If you are looking for a small loan and you don’t have a good credit rating, you can borrow from a payday lender, although it will be at a very high interest rate. It’s a fairly straightforward process, but it can add additional financial burden to your finances as interest rates are among the highest in the country.

Bank: You may be able to get a small loan from your local bank as it contains all of your financial information on past payments as well as information on past overdrafts. In addition, banks have vital information about your income, both income and dividends. This knowledge allows a bank to grant you a loan proportional to your total income.

How to get approved for a $ 400 loan

To get a loan of $ 400, it helps to have a good credit rating. Your credit score is calculated based on how and when you meet your financial commitments. If you haven’t missed any payments, you will be able to get a loan at a lower interest rate. As such, it is important to pay your bills on time and make sure you are not overdrawn on your account to benefit from loans at reduced rates at market rates. It is important to find a lender who meets your needs without charging excessively high interest rates.

To apply for a $ 400 loan, you must have some form of identification such as a driver’s license, social security card, or passport. The lender will likely ask for your employer’s information and proof of residency, including a utility bill or rental agreement.

Credit Score: Most lenders in the United States, including online lenders who are considering alternative credit data, perform a credit check to assess your ability to repay your loan. Most of the best and most affordable personal loans require you to have a fair credit score, while a good or excellent score increases your chances of getting your loan approved.

If you find any errors in your credit score, you can contact some of the major credit rating agencies such as Equifax (NYSE: EFX), TransUnion (NYSE: TRU) and Experiential (OTCMKTS: EXPGY) to correct your score. If your credit score is low for other reasons, you may still have a chance to get a loan. However, the interest charged on these loans can be high, so you may want to take some steps to improve your credit rating before applying for a loan from a lender. Some lenders, like Silver Lion (NYSE: ML), can lend you money while making sure you improve your credit rating over time.