Monthly Archives: March 2021

Elevate Credit’s RISE grant promotes financial literacy

FORT WORTH, Texas – (BUSINESS WIRE) – Elevate Credit, Inc. (“Elevate”), a leading technology-driven provider of innovative and responsible online credit solutions for non-Prime consumers, today announced that its largest consumer brand, RISE, is the recipient of RISE Financial. named Progress Scholarship for the 2020 school year. The five selected …

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Fintech works to increase minority leaders as users diversify

“The isolation of financial services affects the ability of African-American majority neighborhoods to build wealth and is focused on poverty,” the NCRC study said. “This continues a disinvestment cycle and increases the likelihood that lenders will not invest there.” In a separate study in 2018, the US Federal Reserve found …

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Lifelock 2021 Review – Forbes Advisor

If hackers and thieves get their hands on your personal information, they can easily open accounts on your behalf, take out payday loans, or even file your tax returns before you have a chance. There are steps you can take to prevent some types of fraud – like freezing your …

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Why It’s Time to Review the Standard Wage Cycle | EBA

Now is a good time to ask if the best approach to paying employees is to be denied access to accrued wages until mid-month. There is a better alternative: employees have instant access to the wages they deserve through digital pay advances. In the current economic environment in particular, employees …

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What is a signature loan? | Personal finance

For example, if you apply for a $ 10,000 loan with a 3% processing fee, you will only get $ 9,700 from the lender because the commitment fee is $ 300. This must be taken into account when calculating the loan requirement. Other miscellaneous fees Most lenders charge a late …

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Payday loans trap consumers in “debt cobwebs”

Payday loans trap consumers in “debt cobwebs”

A payday loan can be a very attractive option when you need money quickly, regardless of your credit rating. To fill cash flow gaps, approximately 12 million Americans turn to a payday loan. These “cash advances”, or “check loan” are generally less than $ 500 and due back within two weeks. …

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What does a payday loan mean to me?

In February, I had the unlikely opportunity to testify before Congress about the small dollar loan rule proposed by the Consumer Financial Protection Bureau (CFPB). My testimony was unlikely because I grew up in public housing, spent some time in federal prison for drug sales – and I’m a happy …

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Trump administration would allow predatory lenders to put New Jersey residents in ruinous debt | opinion

By Beverly Brown Ruggia Imagine taking out a $ 500 loan to pay your bills while battling the pandemic, only to eventually owe $ 2,000 in loan repayments. Many New Jersey residents could find themselves trapped in this type of ruinous debt, if the Trump administration has its way. A …

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Everything you need to know about balance transfer checks

If you want to consolidate and settle your credit card debt quickly, a balance transfer credit card can help you get the job done. The best balance transfer cards offer an introductory APR of 0 percent on transferred balances for a year or more, giving you time to pay off …

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