Financial – Suedwestumfahrung Nein http://suedwestumfahrung-nein.ch/ Wed, 22 Sep 2021 01:56:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://suedwestumfahrung-nein.ch/wp-content/uploads/2021/05/suedwestumfahrung-nein-icon-150x150.png Financial – Suedwestumfahrung Nein http://suedwestumfahrung-nein.ch/ 32 32 Blue Bear Capital raises $ 150 million to finance climate, energy and infrastructure technologies http://suedwestumfahrung-nein.ch/blue-bear-capital-raises-150-million-to-finance-climate-energy-and-infrastructure-technologies/ http://suedwestumfahrung-nein.ch/blue-bear-capital-raises-150-million-to-finance-climate-energy-and-infrastructure-technologies/#respond Tue, 21 Sep 2021 11:00:40 +0000 http://suedwestumfahrung-nein.ch/blue-bear-capital-raises-150-million-to-finance-climate-energy-and-infrastructure-technologies/

Blue Bear Capital has raised a new $ 150 million fund that will be used to find and invest in startups developing technologies to accelerate the adoption and industrialization of renewable energy.

This is the venture capital firm’s second fund, which it says is oversubscribed. Blue Bear has already backed nine new businesses since 2020. The company said the new funds would be used to fund digital technologies “have a disproportionate impact” on markets such as wind, solar, grid, EV infrastructure, transport and energy-intensive industries.

“Billions of dollars will be spent to develop renewable energy, modernize infrastructure and secure sustainable supply chains,” Ernst Sack, partner of Blue Bear, said in a statement. “Meanwhile, artificial intelligence is redefining the way data is captured, decisions are crazy and relationships are building all around us. Where these two forces converge – by applying the power of AI-based technologies to the immense challenges of the energy transition – this is where Blue Bear sees the greatest opportunity for investment and impact of our lives. “

Blue Bear has a two-pronged investment strategy. The company’s investors are looking for those who “nail a vertical” – that is, the code of startups that have developed software-as-a-service solutions that help industries solve operational bottlenecks and manage niche use cases. Blue Bear is also looking for startups that have developed software that can scale horizontally in many markets.

Companies in Blue Bear’s ‘nail a vertical’ compartment include FreeWire Technologies, which has developed a suite of mobile charging products for EV and Omnidian, a distributed solar asset management company. The horizontal scale businesses that BlueBear has supported include Urbint, which focuses on infrastructure safety and Demex, a climate and weather risk management company.

As with Blue Bear’s first fund, this one aims to help start-ups grow – and not just by investing capital. The VC boasts the expertise of its partners, who have decades of experience in sustainable investments and hands-on work in climate, policy, business, cloud computing and other related technologies.

“As specialists, we believe in a high conviction and relatively focused approach to portfolio building,” said Vaughn Blake, partner of Blue Bear, in a statement, adding that the company selects companies in a spirit of partnership. long-term. Blake also said the company eschews the high-volume approach to business, where a handful of companies are expected to offset a fund’s returns while the bulk of it is left behind. “

Investors in the Blue Bear fund include AIMS Imprint of Goldman Sachs Asset Management, Rockefeller Brothers Fund and the McKnight Foundation, as well as leadership from other private equity firms and energy companies. Members of the advisory board include First Reserve Chairman Alex Krueger, former NASA astronaut Tim Kopra and former BP CEO Lord John Browne.

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UK MarketFinance Secures $ 383 Million To Power Its SME Online Lending Platform – TechCrunch http://suedwestumfahrung-nein.ch/uk-marketfinance-secures-383-million-to-power-its-sme-online-lending-platform-techcrunch/ http://suedwestumfahrung-nein.ch/uk-marketfinance-secures-383-million-to-power-its-sme-online-lending-platform-techcrunch/#respond Tue, 21 Sep 2021 10:13:33 +0000 http://suedwestumfahrung-nein.ch/uk-marketfinance-secures-383-million-to-power-its-sme-online-lending-platform-techcrunch/

Small and medium-sized businesses regularly face cash flow problems. But while this is an already embarrassing situation, it has been exacerbated to the breaking point for too many people during the COVID-19 pandemic. Now a British startup called MarketFinance – which has set up a lending platform to help SMEs stay afloat during these tougher times – announces a large infusion of £ 280m ($ 383m) in funding as it gears up to a new wave of loan requests.

“It’s a good time to lend, at the start of the business cycle,” CEO and founder Anil Stocker said in an interview.

Funding comes primarily in the form of debt – money loaned to MarketFinance to in turn lend to its clients as an authorized partner of the UK government. Recovery loan program; and £ 10million ($ 14million) is equity that MarketInvoice will use to continue improving its platform.

Italian bank Intesa Sanpaolo SpA and an unnamed “global investment firm” provide the debt, while the equity portion is led by Black River Ventures (which also backed Marqeta, Upgrade, Coursera and Digital Ocean) with the participation of the existing funder, Barclays Bank PLC. Barclays is a strategic investor: MarketFinance powers the bank’s online SME lending service. Other investors in the startup include Northzone.

We understand that the company’s valuation is somewhere in the region of less than $ 500 million, but over $ 250 million, although officially it doesn’t release any numbers.

Stocker said MarketFinance has been profitable since 2018, one of the reasons it hasn’t given up a lot of equity in this current funding tranche.

“We are building a sustainable business, and the equity we raised was aimed at unlocking better debt at better prices,” he said. “It can help show more equity on the balance sheet. He said the money would “go to our reserves” and be used for new product development, marketing and to further develop its API connectivity.

This latest development is important: it harnesses the great wave of ‘integrated finance’ games that we see today, where third parties are offering loans to clients on their own platforms – with the loan product powered by MarketFinance, similar to what Barclays is doing. currently. The range of companies that operate this is potentially as wide as the Internet itself. The promise of integrated financing is that any online brand that already does business with SMEs could potentially offer these SMEs loans to… do more business together.

MarketFinance came into being several years ago as MarketInvoice, with its basic business model focused on providing short-term loans to a given SME against the value of its unpaid invoices – a practice commonly described as invoice financing. The idea at the time was to solve the most immediate cash flow problem faced by SMEs by taking advantage of the thing (unpaid invoices, which would usually end up being paid, but not immediately) that caused the cash flow problem. in the first place.

Much of the financing that SMEs get against invoices, however, is primarily in the realm of working capital, helping businesses with their payroll and their own monthly bills. But Stocker said that over time, the startup could see a greater opportunity by providing funding in larger sums and covering more ambitious business expansion goals. That was two years ago, so after its last round of funding, MarketInvoice was renamed MarketFinance. (He still offers the product a lot based on the invoice.)

The timing turned out to be fortuitous, although the reason was certainly not lucky: COVID-19 has arrived and has completely changed the way the world works. SMEs have been at the edge of this corner, not least because of these cash flow issues and the fact that they are simply less oriented towards diversification and pivoting due to changing market forces due to their cut.

It turned out to be a great opportunity for MarketInvoice.

Stocker said the early part of the COVID-19 pandemic saw the bulk of loans taken out to handle business disruptions due to COVID-19. Interruptions can mean business closures, or simply customers who no longer come as before, and so on. “The big theme was frictionless access to finance,” he said, using technology to better and faster assess applications digitally without “any meeting with bank managers” and reducing response time to a few days compared to the 4 to 6 weeks typical of SMEs. traditionally expected.

If last year was more about ‘panic, bolstering or pivoting,’ in Stocker’s words, ‘we are now seeing a group of them struggling with supply chain issues, exacerbations of the Brexit and labor shortages. It’s really hard for them to deal with all of this.

He said the number of loan applications has exploded, so there is no shortage of demand. He estimates monthly loan requests to have reached $ 500 million, a huge sum for a small startup in the UK.

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5 documents to prove your income, even if you are self-employed or self-employed http://suedwestumfahrung-nein.ch/5-documents-to-prove-your-income-even-if-you-are-self-employed-or-self-employed/ http://suedwestumfahrung-nein.ch/5-documents-to-prove-your-income-even-if-you-are-self-employed-or-self-employed/#respond Mon, 20 Sep 2021 08:36:22 +0000 http://suedwestumfahrung-nein.ch/5-documents-to-prove-your-income-even-if-you-are-self-employed-or-self-employed/

This article was translated from our Spanish edition. Opinions expressed by Contractor the contributors are theirs. This article was updated on September 19, 2021

Proof of income is a document that confirms the salary or income received by an employee or a service provider, whether it is a company or a public body. In Mexico, people normally employed or not, need one of these vouchers to obtain A credit card Where bank loans , auto credit plans , the rental of real estate and, in some cases, as a requirement to process scholarships or other benefits such as insurance.

Depositphotos.com

This is to demonstrate to the credit institution that you have the financial solvency face payments month after month, explains Bernardo Prum, director of Coru.com . When you are an employee, your salary payment receipt serves as proof, but what happens when you have your own business, are self-employed or are self-employed? “Most likely, you will not generate this type of document, so it will be difficult to officially prove the income you receive, regardless of the amount,” he adds.

5 ways to officially prove your income

In order to guide people who do not have conventional proof of income, financial services comparator Coru.com, explains the following alternatives which may also work to cover this requirement before most banks and finance companies in Mexico.

1. Payroll receipt

It is the payment receipt that the company in which she works, whether public or private, issues detailing the salary, benefits, tax deductions and other concepts that are dealt with.

2. Bank account statements

Another good way to check a stable income is with the bank account statements where our money is managed. The ideal is to make frequent deposits into this account, so in addition to showing that there is constant income, the amount to be verified may even be greater than what a payroll receipt might indicate.

3. If you receive cash payments or if your professional activity is not registered in the SAT

In this case, it is better to open a basic savings account and deposit all your income, so the statement from this account will serve as proof. If you choose this option, keep in mind that the same amount of money must be deposited for at least three months in order to verify that you have a fixed income.

4. Annual tax declaration

For entrepreneurs or owners of their own business, traders or self-employed persons who carry out a professional activity registered with the SAT, the income can be verified with the annual tax return. Remember that the declaration must be made digitally.

5. Credit card statements

If you have a bank or departmental credit card, the statement that arrives month after month serves as proof to show that you have the capacity to pay and that you have constant cash flow. Keeping your payments up to date is important to maintaining a good credit history.

For some types of business credit, the business inventory report may be sufficient support for a financial institution to consider approving the loan product. Another financing alternative is the low demand online loan. In these cases, it is best to first verify that it is a company approved by the Financial Entities Bureau. Remember, you should never donate money to apply for a loan, as these types of requirements are a sign of fraud.

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5 documents to prove your income, even if you are self-employed or work alone http://suedwestumfahrung-nein.ch/5-documents-to-prove-your-income-even-if-you-are-self-employed-or-work-alone/ http://suedwestumfahrung-nein.ch/5-documents-to-prove-your-income-even-if-you-are-self-employed-or-work-alone/#respond Sun, 19 Sep 2021 23:07:10 +0000 http://suedwestumfahrung-nein.ch/5-documents-to-prove-your-income-even-if-you-are-self-employed-or-work-alone/ You are reading Entrepreneur United States, an international Entrepreneur Media franchise.

Proof of income is a document that confirms the salary or income received by an employee or a service provider, whether it is a company or a public body. In Mexico, people normally employed or not, need one of these vouchers to obtain A credit card Where bank loans , auto credit plans , the rental of real estate and, in some cases, as a requirement to process scholarships or other benefits such as insurance.

This is to demonstrate to the credit institution that you have the financial solvency face payments month after month, explains Bernardo Prum, director of Coru.com . When you are an employee, your salary payment receipt serves as proof, but what happens when you have your own business, are self-employed or are self-employed? “Most likely, you will not generate this type of document, so it will be difficult to officially prove the income you receive, regardless of the amount,” he adds.

5 ways to officially prove your income

In order to guide people who do not have conventional proof of income, financial services comparator Coru.com, explains the following alternatives which may also work to cover this requirement before most banks and finance companies in Mexico.

1. Payroll receipt

It is the payment receipt that the company in which she works, whether public or private, issues detailing the salary, benefits, tax deductions and other concepts that are dealt with.

2. Bank account statements

Another good way to check a stable income is with the bank account statements where our money is managed. The ideal is to make frequent deposits into this account, so in addition to showing that there is constant income, the amount to be verified may even be greater than what a payroll receipt might indicate.

3. If you receive cash payments or if your professional activity is not registered in the SAT

In this case, it is better to open a basic savings account and deposit all your income, so the statement from this account will serve as proof. If you choose this option, keep in mind that the same amount of money must be deposited for at least three months in order to verify that you have a fixed income.

4. Annual tax declaration

For entrepreneurs or owners of their own business, traders or self-employed persons who carry out a professional activity registered with the SAT, the income can be verified with the annual tax return. Remember that the declaration must be made digitally.

5. Credit card statements

If you have a bank or departmental credit card, the statement that arrives month after month serves as proof to show that you have the capacity to pay and that you have constant cash flow. Keeping your payments up to date is important to maintaining a good credit history.

For some types of business credit, the business inventory report may be sufficient support for a financial institution to consider approving the loan product. Another financing alternative is the low demand online loan. In these cases, it is best to first verify that it is a company approved by the Financial Entities Bureau. Remember, you should never donate money to apply for a loan, as these types of requirements are a sign of fraud.

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Points To Watch Out For While Availing Instant Online Loans http://suedwestumfahrung-nein.ch/points-to-watch-out-for-while-availing-instant-online-loans/ http://suedwestumfahrung-nein.ch/points-to-watch-out-for-while-availing-instant-online-loans/#respond Sun, 19 Sep 2021 01:56:43 +0000 http://suedwestumfahrung-nein.ch/points-to-watch-out-for-while-availing-instant-online-loans/

Points To Watch Out For While Availing Instant Online Loans

In today’s digital age, instant loan disbursements have become the new normal. Fintech brands have experienced significant growth in recent years, especially during the pandemic, when people have adapted faster than ever to digital money transactions. In addition, more and more people have trained and taken out loans from banks and NBFCs for one reason or another. The best part about online loans is that there is a vast plethora of options available and the borrower can easily assess the interest rates offered by different fintech companies.

Another major advantage of obtaining loans online is that the process is better streamlined with limited paperwork and offers the benefit of in-home service. Moreover, you can choose from a wide category of loans such as personal loans, medical loans, travel loans, home loans, car loans and more.

While the process of obtaining a loan has been made digital and simplified, it is also important to know some important guidelines so that you can get the most out of your loan provider.

Make sure the Fintech platform is genuine
A digital lending platform can take many forms. For example, it could be an independent lending platform registered as an NBFC, bank, or organization in partnership with a bank or NBFC. The key here is to verify and verify that the lending entity is registered as an NBFC. You can choose to get a loan from a bank, the NBFC, or an entity in partnership with one of the two. These are safe and secure options for a borrower.

If you come across a lending platform that does not display their NBFC license number on their website, it is best to stay away from such sites. No matter how attractive the loan offers or the interest rate, these are not safe options for you. Also make sure that your bank / NBFC is registered with the central bank or state level authorities as they are the ones who provide the license to offer digital loans to these entities. If you can’t find a genuine platform based on these two very crucial criteria, your best bet is to avoid sharing your personal information and bank details with them online.

Loan approval without KYC
With the Aadhaar introduced into the country, we have all been tied to an identity card that functions as an authentic document of our identity. Therefore, all credible lending platforms verify your Aadhaar information and perform KYC online to ensure transparency is maintained on both ends. Therefore, if a digital platform offers to give you a loan without KYC, it is inappropriate and there is a chance that it is a scam that can lead to identity theft or financial fraud. resulting in huge losses. It is better to strictly avoid such platforms which do not perform KYC before disbursing the loan.

Avoid hidden fees
Some digital lending platforms charge unnecessary hidden charges on your loan, such as late submission fees for late payment of installments. Some use a manipulative methodology with fluctuations in interest which are totally unethical and create unnecessary burden for the borrower. Late submission fees are a popular scam, where people end up paying 2-3% more for no reason. Therefore, be careful when taking out loans and read the documents carefully.

Read the documents carefully
As already suggested, it is very important to read the offer documents which include the duration of the plan, the interest rates and the terms and conditions of your loan policy. It’s the best way to stay safe from fraud, unnecessary hassle and fees

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CURO (CURO) drops 0.29% in active trading on September 17th http://suedwestumfahrung-nein.ch/curo-curo-drops-0-29-in-active-trading-on-september-17th/ http://suedwestumfahrung-nein.ch/curo-curo-drops-0-29-in-active-trading-on-september-17th/#respond Sat, 18 Sep 2021 01:39:00 +0000 http://suedwestumfahrung-nein.ch/curo-curo-drops-0-29-in-active-trading-on-september-17th/

CURO Group Holdings Corp (NYSE: CURO), a Wichita, Kansas company, fell to close at $ 16.95 on Friday after losing $ 0.05 (0.29%) on volume of 496,320 shares. The stock ranged from a high of $ 17.20 to a low of $ 16.86, while CURO’s market cap now stands at $ 702,232,415.

About CURO Group Holdings Corp

CURO Group Holdings Corp., operating in two countries and powered by its fully integrated technology platform, is a provider of unprivileged consumer credit. In 1997, the company was founded in Riverside, Calif., By three childhood friends from Wichita, Kansas, to meet growing consumer needs for short-term loans. Their success has led to the opening of stores across the United States and an expansion to offer online loans and financial services in two countries. Today, CURO combines its market expertise with a fully integrated technology platform, omnichannel approach and advanced credit decisions to deliver a range of credit products across all media. CURO operates under several brands, including Speedy Cash®, Rapid Cash®, Cash Money®, LendDirect®, Avío Credit®, Opt + ® and Revolve Finance®. With over 20 years of operating experience, CURO offers financial freedom to unprivileged consumers.

Visit the CURO Group Holdings Corp Profile for more information.

About the New York Stock Exchange

The New York Stock Exchange is the world’s largest stock exchange by market value with more than $ 26 trillion. It’s also the leader in initial public offerings, with $ 82 billion raised in 2020, including six of the seven biggest tech deals. 63% of PSPC proceeds in 2020 were raised on the NYSE, including the six biggest deals.

To get more information about CURO Group Holdings Corp and keep up with the latest company updates, you can visit the Company Profile page here: CURO Group Holdings Corp’s Profile. For more information on the financial markets, be sure to visit Equities News. Also, don’t forget to sign up for the Daily Fix to get the best stories delivered to your inbox 5 days a week.

Sources: The chart is provided by TradingView based on 15 minute lag prices. All other data is provided by IEX Cloud as of 8:05 p.m. ET on the day of publication.

DISCLOSURE:
The views and opinions expressed in this article are those of the authors and do not represent the views of equities.com. Readers should not take the author’s statements as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please visit: http://www.equities.com/disclaimer


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Alabama judge sends tribal Co. loan claim to arbitration http://suedwestumfahrung-nein.ch/alabama-judge-sends-tribal-co-loan-claim-to-arbitration/ http://suedwestumfahrung-nein.ch/alabama-judge-sends-tribal-co-loan-claim-to-arbitration/#respond Sat, 18 Sep 2021 01:12:00 +0000 http://suedwestumfahrung-nein.ch/alabama-judge-sends-tribal-co-loan-claim-to-arbitration/
By Andrew Westney (September 17, 2021, 9:12 p.m. EDT) – An Alabama federal judge has referred to arbitration a woman’s proposed class action claiming that a company owned by the Oglala Sioux tribe charged excessive interest for online loans, claiming that his own victory against the company did not allow him to pursue his broader claims in federal court.

U.S. District Chief Justice Kristi K. DuBose on Thursday approved in an order the decision of an American Arbitration Association panel that the loan contracts of Alabama resident Lillian Easley with the company WLCC II, which operates under the name of online lender Arrowhead Advance, were zero.

But Judge DuBose rejected Easley’s offer to file claims for a proposed class of Alabama loan clients who …

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Consider cash financing when your business needs capital http://suedwestumfahrung-nein.ch/consider-cash-financing-when-your-business-needs-capital/ http://suedwestumfahrung-nein.ch/consider-cash-financing-when-your-business-needs-capital/#respond Fri, 17 Sep 2021 13:00:00 +0000 http://suedwestumfahrung-nein.ch/consider-cash-financing-when-your-business-needs-capital/ Opinions expressed by Contractor the contributors are theirs.

What is cash flow financing? With cash flow financing, a business gets a loan, but that loan is backed by the expected cash flow of the business. A business’s cash flow is the amount of money that flows to and from a business, over a period of time. Cash flow financing, or cash loan, uses the generated cash flow to repay the loan.

If a business generates positive cash flow, it means that it is getting enough cash from its income to meet its financial obligations. Banks and credit providers check positive cash flow to determine how much credit they want to extend.

You can get short term or long term cash loans. Businesses can use this form of financing if they are looking to finance their operations, buy another business, or make other large purchases.

The idea is that companies borrow on a fraction of the future cash flow they hope to generate. Banks or creditors establish a payment schedule. They base this schedule on forecasts of future cash flows and analysis of historical cash flows.

Related: Tips for Managing Cash Flow Funding

Why seek treasury financing?

A business may have a temporary decrease in its cash flow. It could come from less than stellar seasonal sales. A business can be faced with unforeseen expenses. Starting an expensive new project could create a cash flow gap.

Decreased cash flow can also come from a time-limited opportunity, like purchasing equipment at a great price. Or, businesses can experience cash flow crashes when they need to make emergency repairs to vital equipment.

Related: Positive Cash Flow and Smart Financing Solutions

Cash flow statements

All cash flows are reported on what is called a company’s cash flow statement, or CFS. This statement records the income or net profit of a business, for the period covered by the statement. The report calculates the operating cash flow from the expenses related to the management of the business. These include supplier invoices paid by the company. It also includes the operating result from sales. The statement also records all investment activities.

Investing activities include investing in securities or in the business itself, such as the purchase of equipment. The statement records all fundraising activities, such as raising capital through loans or even issuing a bond. The bottom of the cash flow statement shows the net amount of cash generated or lost for the period.

Cash flow projections

Two critical areas in any cash flow projection will be a business’ debts and receivables. A bank must take account of accounts payable. These are short-term debt obligations, such as money owed to suppliers. The bank can use cash net of debts and receivables to forecast cash flow. Banks use this amount to determine the loan amount.

The bank will also have to take account of accounts receivable. Accounts receivable serve as future incoming cash flows for the goods and services that a business sells today. Banks or credit providers will use the anticipated amounts of receivables to help determine how much money will be generated in the future.

Banking guidelines

Banks may require a minimum credit rating for a company’s outstanding debt in the form of bonds. The companies issuing bonds are assigned credit ratings. This is how the level of risk associated with investing in corporate bonds is weighed.

Cash loans versus asset-backed loans

Asset-based financing helps businesses borrow money. However, an asset on the balance sheet serves as collateral for the loan. The bank places a lien on all assets used as collateral. Assets used as collateral can include inventory, machinery, real estate, company vehicles, etc.

If the business ends up defaulting on an asset-backed loan, the bank lien allows the lender to legally seize the assets. As a result, a business can lose its ability to function.

With cash flow financing, the cash generated is used as collateral for the loan. Collateral does not come in the form of physical or fixed assets. Typical businesses using cash financing often don’t have a lot of assets, such as service companies. See: investopedia.com/terms/c/cash-flow-financing.asp.

Advantages

Cash loans strike a balance between the loan amount, the APR and the length of the application process. Compare this with many online unsecured loans, which can have very quick approval but a limit on the loan amount. In addition, they tend to charge a very expensive APR.

Cash flow financing can also be an improvement over traditional financing. Traditional banks offer larger loans, often over $ 1 million, and lower APRs, but funding an account can take months.

Qualification

Often times, a business must have been in business for a few years. The borrower may have to meet a certain minimum credit score requirement. They must also prove cash flow history and present accounts receivable and payable, so that the lender can determine the amount to be made available.

Take away food

Cash flow financing allows entrepreneurs to borrow against future cash flows. It is generally used for temporary needs, such as the quick purchase of equipment or the start of a new project. This can be a good solution for service industries with few traditional guarantees.

Related: Outsmart Cash Flow Problems With The Right Financial Solution

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HOW DO I KNOW IF A CREDIT COMPANY IS RELIABLE? http://suedwestumfahrung-nein.ch/how-do-i-know-if-a-credit-company-is-reliable/ http://suedwestumfahrung-nein.ch/how-do-i-know-if-a-credit-company-is-reliable/#respond Fri, 17 Sep 2021 09:56:56 +0000 http://suedwestumfahrung-nein.ch/how-do-i-know-if-a-credit-company-is-reliable/

A financial company must become a reliable partner if you are considering borrowing from them.

The point is, there are enough scammers on either side of this financial transaction. People looking for a loan are very often in a difficult moral situation, and they do not need additional difficulties with unscrupulous partners. That is why you have to be very careful when choosing a company from which you can take out a loan. Where do you start to check?

Legal regulation of the online credit market

Despite the fact that online loans are received and repaid online, it is an equal financial relationship, as it is with bank loans. Obtaining instant loans on the card always involves signing an agreement. Because the interaction between customers and creditors takes place online, the physical signing of the contract does not take place. When applying for a loan, the client receives a loan agreement by email or it is registered in a personal account on the organization’s website, the signature is done with a one-time password that comes on a cellphone. Of course, first of all, this is all in the best interests of a financial institution, which is important to protect against the risk of default on loans. But what should bona fide borrowers do, who can also get caught by crooks on the network? How do you determine if the organization is reliable enough and if it is worth contacting it for a loan?

What company information should be verified first?

It is very important, when choosing a lending organization, to collect as much information as possible about it. Here’s where to start:

  • When the company was founded – how many years in the market;
  • Key financial metrics that are in the public domain – are there any reports for the last period, if the metrics are good enough, if the business has any issues that may then affect borrowers;
  • Does the company have all the necessary licenses, certificates, permits and certificates; it is important to check not only their presence, but also their period of validity, if they have been revoked. This will show whether the business is eligible to engage in such activities.
  • If there is publicly available information – how many clients were served by this company during the entire period of operation, and how many of them subsequently applied again. This information is very important, it confirms the loyalty of the customer.

Usually, all information can be found on the company’s website or on the website of official regulators. It is worth spending your time checking out a future counterparty, it can save you from more serious problems in the future.

How to choose the right MFI?

Of course, before entrusting your personal data to a company and requesting an online money loan transfer (vay tiền online chuyển khoản), it should be checked whether it is reliable enough. What you should pay attention to first:

  1. Check the information on the MFI you are interested in through the system of the national bank or other financial regulators. If there is no information about the organization, do not use its services, this company is illegal.
  2. Explore the official website of the IMF. Favor companies with authorization via BankID or PCI DSS certification. In addition, the site should have transparent loan terms. The site itself should be reasonably well protected against potential hacking and meet the highest security standards.
  3. Read the contract carefully. It must describe not only the fines and penalties for late payment, but also the conditions for calculating interest. For example, you can apply for a loan for one amount, while half will be given to you immediately, and the other half – in a few days, and the terms for the first and second loan will be different. Remember: you have the right to familiarize yourself with the agreement before signing.
  4. Ask for a loan repayment schedule. Please note that MFIs indicate interest rates per day, and the actual cost of the loan is hidden behind the designation APR (Annual Percentage Rate). Do not be lazy to independently calculate the accuracy of the accumulation of interest, especially if the organization has promised reduced promotional or bonus interest. The terms and conditions of all publicly advertised promotions must be fully adhered to. But it’s worth checking out.
  5. For loans in an amount exceeding the minimum, the financial institution is obliged to provide a passport for a consumer loan, where all the important nuances of obtaining and repaying a loan should be described in such detail as possible.
  6. Control the legality of the accumulation of fines and penalties. Even in the event of delay, all payments must be invoiced in strict accordance with the amounts and interest specified in the contract. Any violation is already a reason to contact this company and find out the reasons for the discrepancy in the amounts.

Should I consult the company’s reviews on the Internet?

Undoubtedly. And you should be on your guard if there is any information about this business on the internet (no contacts, no reviews). Or, on the contrary, very unflattering information about fraudulent activity may appear. In the second case, not a step towards the habitat of the deceivers. And in any case, you have to be extremely careful and attentive, because a new business always tries to get its details into business directories on the Internet as soon as possible. In the case of the crooks, they prefer to disseminate information about themselves through the media and advertisements on the street.

Of course, it’s quite difficult to just focus on reviews – a lot of times reviews can be personalized. Moreover, both positive – their own order, and negative – the order of competitors. Therefore, carefully read the review itself – what exactly was the customer satisfied or dissatisfied with, this will help determine how sincere the person who wrote it was.

How to choose a reliable company?

If several sources confirm at the same time that a financial institution is reliable, like oncredit.vn, if the information concerning it is in open sources, if several people you trust recommend it to you at the same time, you can conclude an agreement with this company .

By the way, a good tip – after making the first agreement with the company of your choice, do not forget to leave a detailed review of this experience, it will help customers in the future to choose a reliable financial partner .

Why is it very important that the company you are borrowing from is sufficiently reliable? The whole loan process is quite a lengthy procedure. In order for everything to run smoothly, it is very important that both partners focus on concluding a mutually beneficial contract. If only one partner has such a goal, problems are inevitable. It can be an unauthorized transfer of personal data to third parties, incorrect accumulation of interests and fines, and many other unpleasant moments that can be avoided if the choice of a partner is approached. in the most responsible way possible.

If you are lucky enough to find a good, reliable company, your best option is to remain a loyal customer and apply to the same company again for the next loan. This step has several positive aspects:

  • the reliability of the company has already been tested on our own experience and there is no doubt;
  • You know the entire loan granting procedure in great detail, and the company already has your personal data and it is not necessary to download it again;
  • You can find all the necessary information on the site, as well as use your personal account;
  • many MFIs have special loyalty programs for repeat clients, which may involve either accumulating bonuses, lowering the interest rate, or other nice little things;
  • such a step saves time when verifying the compliance of a new business with all reliability parameters.

You shouldn’t chase the ghostly perks depicted in the ad – a lot of times they just don’t correspond to reality. Trust your own experience – choose the best.

Find more information oncredit.vn

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FirstFT: US launches security pact to challenge China http://suedwestumfahrung-nein.ch/firstft-us-launches-security-pact-to-challenge-china/ http://suedwestumfahrung-nein.ch/firstft-us-launches-security-pact-to-challenge-china/#respond Thu, 16 Sep 2021 10:37:42 +0000 http://suedwestumfahrung-nein.ch/firstft-us-launches-security-pact-to-challenge-china/

Hello. This article is an on-site version of our FirstFT newsletter. Subscribe to our Asia, Europe / Africa Where Americas edition to get it delivered straight to your inbox every morning of the week. You can reach us at firstft@ft.com

The United States has launched a new trilateral security partnership with the United Kingdom and Australia that will allow Canberra to build a fleet of nuclear-powered submarines, an initiative that will strengthen the allies’ ability to counter China.

President Joe Biden announced the effort, which aims to strengthen alliances amid mounting tensions with Beijing over disputes ranging from the South China Sea to Taiwan, at a virtual event yesterday with British Prime Minister Boris Johnson and his Australian counterpart Scott Morrison.

Biden said the initiative was necessary to ensure countries have the best technology to “defend against rapidly evolving threats,” in rhetoric that appeared to be aimed at Beijing.

Morrison said it was a “partnership forever. . . between the oldest and most trusted friends ”. The pact, also known as AUSUK, “represents a substantial leap in capacity for the Royal Australian Navy,” the Australian government said. Learn more about how the deal will allow Australia to bring power to the Western Pacific.

The Chinese embassy in Washington denounced the decision. “They should get rid of their Cold War mentality and ideological prejudices,” said Liu Pengyu, embassy spokesperson.

But U.S. allies in the region have welcomed the new deal. Officials in Taipei, which is at the forefront of tensions between Washington and Beijing, said the alliance would help balance China’s growing military strength and assertiveness.

“The creation of AUKUS fills the most important gap in the security network in the entire Western Pacific,” said a Taiwanese official.

Taro Kono, former Japanese Minister of Foreign Affairs and Defense and leading candidate to succeed Yoshihide Suga as Prime Minister, said: “We are very pleased that the UK is once again looking to the South African region. Peaceful. “

As part of the pact, Australia will abandon a program to buy 12 conventional submarines from France that was signed in 2016. Instead, it will buy at least eight nuclear-powered submarines, which are faster, quieter and can operate over longer ranges.

France has reacted with fury to Canberra’s decision to cancel the $ 90 billion deal with Paris. “This decision is contrary to the letter and the spirit of the cooperation which prevailed between France and Australia”, declared Jean-Yves Le Drian, French Minister of Foreign Affairs, and Minister of Defense Florence Parly.

What are your thoughts? Do you think China poses a military threat in the Asia-Pacific region? Email me at gordon.smith@ft.com. Thanks for reading and here’s the rest of today’s news – Gordon

Five other articles in the news

1. Goldman acquires specialist lender GreenSky The Wall Street investment bank has agreed to buy online loan provider GreenSky for $ 2.2 billion as it continues to strengthen its presence in consumer lending. This is Goldman’s second multi-billion dollar acquisition in less than a month and highlights CEO David Solomon’s intention to transform the investment bank into a more consumer-oriented financial institution.

2. Biden-backed drug pricing proposal hits a roadblock Joe Biden’s hopes for legislation that would allow the US government to negotiate lower prices for drugs for the elderly were shaken yesterday. Three moderate presidential party members on the House of Commons Energy and Trade Committee voted against the measure, defeating the bill and offering a significant victory for pharmaceutical companies.

3. Dalio warns regulators could ‘kill’ bitcoin Ray Dalio, the founder of Bridgewater Associates, said regulators would shut down bitcoin if the cryptocurrency got too efficient and dismissed predictions from Cathie Wood of Ark Invest that its price would increase tenfold in five years. Do you agree with Wood’s prediction? Vote in our poll.

4. American envoy: Ghani’s escape derailed last-minute deal with the Taliban Afghan President Ashraf Ghani’s decision to flee the country last month thwarted a last-minute deal with the Taliban to keep Kabul out of Islamist hands and negotiate a political transition, the US talks diplomat said with the Taliban.

5. Macau casino stocks lose $ 20 billion The Macau government yesterday opened a 45-day public consultation on revising its gambling law, wiping out more than $ 20 billion from the market value of listed gambling operators. The news impacted the actions of many American parents in the group, including MGM Resorts International and Las Vegas Sands.

Coronavirus digest

  • Pfizer and Moderna said the protection of their vaccines may wane over time as the U.S. drug regulator prepares to consider whether to approve a booster program.

  • Los Angeles The county is set to expand its proof of Covid-19 vaccination requirements for indoor venues such as bars and nightclubs and outdoor “mega-events” such as concerts and sports matches.

  • from China the economic slowdown worsened in August as epidemics exposed continued weakness in consumer spending.

  • Vaccinated travelers will no longer need to take a Covid-19 test before entering England, ministers will announce later this week.

The day to come

Data August retail sales data is expected to be released and is expected to drop 0.8% from July. The state’s initial jobless claims for the week ended September 11 are also expected to be released.

Corporate events Ford is expected to make an announcement regarding an electric vehicle. Yesterday the autonomous start-up Argo AI revealed plans for an autonomous vehicle delivery service in Miami, Austin and Washington DC, in partnership with Ford and Walmart. (Reuters)

Macron-Merkel dinner Elysée Palace French President Emmanuel Macron and German Chancellor Angela Merkel meet today to discuss EU and Afghanistan policy.

Shanghai Cooperation Organization Annual Summit The foreign ministers of China, Russia, Iran and Pakistan will meet at the Tajikistan capital of Dushanbe. Virtual attendees, discussing how to deal with the new Taliban leadership in Kabul, include Vladimir Putin and Xi Jinping. (Bloomberg)

What else do we read and listen to

Russian elections: persecutions and distribution of money The outcome of Sunday’s Duma elections may have been decided in advance: United Russia should retain its constitutional majority. But as soaring food prices and falling real incomes have driven approval rates to record levels, Vladimir Putin is working hard to crack down on dissent.

Vladimir Putin in a montage with protesters and a Russian calendar marking September 19

The unprecedented crackdown on dissent has underscored the extent to which the Kremlin views perceived foreign threats as the crucial obstacle to its continued survival © FT montage; AP, Getty Images

Rise in sports betting fuels demand for data custodians The legalization of US sports betting is driving a new demand for statistics on players, games, teams and performances. Two sports data companies have established themselves as custodians of this wealth of information: Sportradar Group and Genius Sports. For more information on sports affairs, subscribe to the dashboard email.

The crackdown on financial bloggers in China Beijing has launched a crackdown on financial blogging and social media, a move that risks exacerbating a chronic problem plaguing the world’s second-largest economy: a dearth of reliable data.

Is Canada on the verge of a major political turn? Canadians go to the polls on Monday. The snap elections will be a verdict on Prime Minister Justin Trudeau’s handling of the coronavirus pandemic. Ahead of the vote, Gideon Rachman, chief foreign affairs columnist, is joined by Darrell Bricker, author of several books on Canadian politics, to discuss the elections in this week’s Rachman Review podcast.

Call to Find the Fastest Growing U.S. Companies 2022 The FT, in partnership with Statista, seeks to identify the 500 companies in the Americas with the highest revenue growth between 2017 and 2020. To apply for a place in the third annual FT ranking of companies in North America, Central and from the south here and to explore current rankings go here.

To travel

Yasuto Kamoshita, co-founder of Japanese clothing brand United Arrows, shares his insider’s guide to Tokyo. “A lot of the best stores are a mishmash of different things, both classic and street, creating a scrambled style,” he writes.

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