Adult Club Profit – NKFAN http://nkfan.net/ Fri, 19 Nov 2021 15:35:16 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://nkfan.net/wp-content/uploads/2021/06/icon-150x150.png Adult Club Profit – NKFAN http://nkfan.net/ 32 32 OppLoans 2021 Personal Loan Review – Forbes Advisor https://nkfan.net/opploans-2021-personal-loan-review-forbes-advisor/ Thu, 18 Nov 2021 13:00:55 +0000 https://nkfan.net/opploans-2021-personal-loan-review-forbes-advisor/ The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how OppLoans personal loans compare to other popular lenders: OppLoans or upgrade OppLoans and Upgrade are for borrowers with damaged credit. If you qualify for an upgrade loan, you may be able to receive larger loan limits, up […]]]>

The best personal loans offer competitive rates, flexible loan amounts, and a wide range of terms. Here’s how OppLoans personal loans compare to other popular lenders:

OppLoans or upgrade

OppLoans and Upgrade are for borrowers with damaged credit. If you qualify for an upgrade loan, you may be able to receive larger loan limits, up to $ 35,000. Upgrade also offers longer terms, with loans ranging from two to seven years. How much money you need to borrow and how quickly you want to pay it back usually determines the best provider.

Related: Personal Loan Review Upgrade

OppLoans vs. Avant

Similar to OppLoans, Avant is designed for borrowers with low credit scores requiring a minimum credit score of 580. Additionally, Avant offers more repayment options compared to OppLoans. If you get a loan through Avant, you will have access to terms ranging from two to five years, depending on your credit score and other factors.

Related: Personal Loan Review Before

OppLoans vs Upstart

Upstart targets customers with a credit score of at least 600 and offers personal loans from $ 1,000 to $ 50,000. Upstart also offers longer terms (three and five years), while OppLoans only offers terms of six to 18 months. If you have a score of at least 600, we recommend Upstart as it is a more affordable option.

Related: Upstart Personal Loan Review

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Opportunity to participate in the next investor conferences | Your money https://nkfan.net/opportunity-to-participate-in-the-next-investor-conferences-your-money/ Wed, 17 Nov 2021 21:56:46 +0000 https://nkfan.net/opportunity-to-participate-in-the-next-investor-conferences-your-money/ SAN CARLOS, Calif., Nov. 17, 2021 (GLOBE NEWSWIRE) – Oportun (Nasdaq: OPRT), a mission-driven financial technology company, today announced that it will attend several upcoming investor conferences. Oportun CEO Raul Vazquez will participate in a lively fireside discussion on November 18, 2021 titled “Digital Lending Trends” at the JMP Financial Services and Real Estate Conference. […]]]>

SAN CARLOS, Calif., Nov. 17, 2021 (GLOBE NEWSWIRE) – Oportun (Nasdaq: OPRT), a mission-driven financial technology company, today announced that it will attend several upcoming investor conferences.

Oportun CEO Raul Vazquez will participate in a lively fireside discussion on November 18, 2021 titled “Digital Lending Trends” at the JMP Financial Services and Real Estate Conference.

Details for conference appearances are as follows:

JMP Securities Financial Services and Real Estate Conference Date: Thursday, November 18, 2021 Time: 1:00 p.m. ET Webcast: Digital Lending Trends

Jefferies’ Crossover Consumer Finance Summit Date: Thursday, December 9, 2021 Location: Jefferies Financial Group, 520 Madison, New York, NY

Links to the live webcasts will be available in the “Events and Presentations” section of the Oportun Investor Relations website at https://investor.oportun.com/. A replay will be accessible via the same links after the conference.

For more information about Oportun, visit www.oportun.com.

About Opportunity

Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to deliver responsible consumer credit to hardworking people. Using AI-powered models that leverage 15 years of proprietary customer information and billions of unique data points, Oportun has made over 4.5 million loans and over $ 11.1 billion affordable credit, offering its customers alternatives to payday loans and auto titles. In recognition of its responsibly designed products that help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

Investor contact Nils Erdmann 650-810-9074 ir@oportun.com

Copyright 2021 GlobeNewswire, Inc.

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Consumer Credit Market 2021-2029 Accurate Outlook – Experian https://nkfan.net/consumer-credit-market-2021-2029-accurate-outlook-experian/ Tue, 16 Nov 2021 05:55:00 +0000 https://nkfan.net/consumer-credit-market-2021-2029-accurate-outlook-experian/ Consumer credit market Consumer credit market The consumer credit market was valued at USD 6.8 trillion in 2019 and is expected to grow at a CAGR of 4.9%.Consumer credit is a loan taken out by a borrower to purchase goods and services. Any type of personal loan taken out to purchase everyday goods and services […]]]>

Consumer credit market

Consumer credit market

The consumer credit market was valued at USD 6.8 trillion in 2019 and is expected to grow at a CAGR of 4.9%.
Consumer credit is a loan taken out by a borrower to purchase goods and services. Any type of personal loan taken out to purchase everyday goods and services can be considered a consumer loan. Consumer credit is provided by banks, financial institutions, and non-bank financial corporations (NBFCs) which allow consumers to purchase goods immediately and pay off the cost over time with interest. It allows borrowers to get an advance on income based on their credit scores and transaction history. The growing adoption of cashless transactions, the growing demand for loans, due to an increase in disposable income, and the increasing adoption of automation across all verticals are fueling the growth of the market. However, cybercrime and operational failures, political uncertainties, and unpredictable lender behavior are hampering the growth of the market.

In recent years, there has been a significant increase in the adoption of cashless transactions among all industry verticals. The growth can be attributed to growing government initiatives to promote cashless transactions to improve productivity and efficiency. For example, in October 2018, the Indian government launched the Digital India initiative, which promotes cashless transactions. In addition, the increasing penetration rate of smartphones and ATMs is fueling the growth of the market.

Cloud or digital lending is the fastest growing segment and gaining popularity among corporations and financial institutions as they can afford the expense of installing sophisticated software. The rate of adoption of cloud / digital loans is expected to improve productivity and save billions of dollars by 2030. Online portals work even faster and can make decisions in minutes and deposit funds to an account in a matter of minutes. hours or a few days. There are no administration fees or early payment penalties. Integrating AI into banks and financial institutions with a programmable algorithm helps monitor consumer data and analyze credit scores with a high degree of accuracy before offering a loan. The growing number of fintech companies is expected to drive the growth of the consumer credit market as they can bring new assets to the cloud or digital credit offerings. In October 2018, US banking firm BBVA Compass Bancshares partnered with OnDeck, an online small business lending company.

The rapid evolution of the auto industry and the surge in disposable income are the main factors driving the demand for auto loans across the world. Auto loans are another form of liquidity loan permitted in some states. A short term vehicle title loan typically ranges from 30 days to a consecutive 12 month period. There is a growing trend for payday lenders to offer vehicle title loans and installment loans.
According to the US government survey, nearly 14.8% of US households used payday loans and vehicle title loans during 2017. About 41 municipalities in Texas have business regulations in place. on payday loans and vehicle title loans. Authorities in Dallas, El Paso, Houston and San Antonio have placed limits on the number of renewals and recurring loans, as well as other requirements. Vehicle lending agencies are regulated and subject to licensing, reporting, and must provide consumers with information on repayment and re-borrowing rates.

The burgeoning middle class in China and India is driving demand for consumer credit, wealth management services and insurance. Advances in technology and the growing penetration of smartphones have forced lenders and banks to focus on increasing access to and offerings of financial services. For example, PNB’s virtual reality platform MetLife India Insurance Company Limited provides a reliable ‘physical’ (physical + digital) experience by allowing the client to walk into an insurance expert’s office to talk around the issue. table.

Get a brochure on the latest technological advancements @
https://straitsresearch.com/report/consumer-credit-market/request-sample

The Top Leading Players Covered By This Report:
Information Solutions from Experian, Inc.
TransUnion LLC
Equifax, Inc.
Barclay
BNP Paribas
Construction Bank of China
Citigroup
German Bank
HSBC
Industrial and Commercial Bank of China (ICBC)
JPMorgan Chase
Mitsubishi UFJ Financial
Wells fargo

By type
Cloud
On the site

By application
Personal loan
Vehicle loan
Student loan

NOTE: Our analysts monitoring the situation around the world say the market will generate profitable prospects for producers after the COVID-19 crisis. The report aims to provide further illustration of the latter scenario, the economic downturn and the impact of COVID-19 on the entire industry.

Geographically, this report is segmented into several key regions, with Steerable Medical Devices sales, revenue, market share and growth rate in these regions, from 2021 to 2029, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

See this report with a detailed description and table of contents @
https://straitsresearch.com/report/consumer-credit-market/toc

Impact of COVID-19:
COVID-19 has had an unprecedented effect in all verticals around the world. The consumer credit market has seen a significant rise in the midst of the pandemic due to the growing demand for cashless transactions. Additionally, the increase in online shopping after the COVID-19 pandemic to maintain social distancing standards is increasing the demand for consumer credit day by day.

Key trends in the consumer credit market:
– The report identifies, determines, and forecasts the segments of the global consumer credit market on the basis of their type, sub-type, technology used, applications, end-users, and regions.
– Industry to Industry holds the largest share of the consumer credit market
– It examines the micro-markets according to their growth trends, their development models, their future prospects and their contribution to the global market.
– Regional / geographic demand is expected to drive growth
– Growing adoption of market segments in this growth
– North America, Europe is expected to experience higher growth rate during the forecast period
– He studies competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments and expansions in the global consumer credit market.

Key questions addressed in the report:
What will be the growth rate of the consumer credit market?
What are the key factors driving the global consumer credit market?
Who are the main manufacturers in the consumer credit market?
What are the market opportunities, market risk, and market overview of the Consumer Credit Market?
What are the sales, revenue, and price analyzes of the major manufacturers of the Consumer Credit market?
Who are the distributors, traders and resellers of the Consumer Credit market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Market?
What are the sales, revenue and price analyzes by types and applications of the Consumer Credit Industry?
What are the sales, revenue, and price analysis by regions of Consumer Credit industry?
What are the determinants of market growth in the short, medium and long term?

Browse the full report @
https://straitsresearch.com/report/consumer-credit-market/

Even if your business is a multinational corporation or a unique showcase, we believe innovation is the key to progress, both in what you build and how you promote your products and brands.

Buy the full report with detailed analysis with COVID-19 impact – https://straitsresearch.com/buy-now/consumer-credit-market/global/

So let’s put our minds together. We will make your vision a reality and help you grow.

For more details, please contact us –
Straits research
Email: sales@straitsresearch.com
Address: 825 3e Avenue, New York, NY 10022
Phone. : +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Whether you are looking at industries in the next city or across continents, we understand the importance of knowing what customers are buying. We overcome our clients’ problems by recognizing and deciphering only the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our clients to deliver a wide range of results through a mix of market research and business approaches. This approach of using a variety of search and analysis strategies allows us to determine better information while eliminating search costs.

This version was posted on openPR.

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Attorney General Josh Shapiro announces wins in cases against out-of-state car title lenders – PA Attorney General’s Office https://nkfan.net/attorney-general-josh-shapiro-announces-wins-in-cases-against-out-of-state-car-title-lenders-pa-attorney-generals-office/ https://nkfan.net/attorney-general-josh-shapiro-announces-wins-in-cases-against-out-of-state-car-title-lenders-pa-attorney-generals-office/#respond Wed, 10 Nov 2021 17:29:09 +0000 https://nkfan.net/attorney-general-josh-shapiro-announces-wins-in-cases-against-out-of-state-car-title-lenders-pa-attorney-generals-office/ Delaware-based CashPoint and Owner Sentenced to Pay $ 8.5 Million, Cancel $ 3.2 Million in Outstanding Loans HARRISBURG – Attorney General Josh Shapiro today announced victories in two separate lawsuits involving Delaware-based auto title lenders making loans to residents of Pennsylvania. These victories will help provide financial relief to consumers and hold companies doing business […]]]>

Delaware-based CashPoint and Owner Sentenced to Pay $ 8.5 Million, Cancel $ 3.2 Million in Outstanding Loans

HARRISBURG – Attorney General Josh Shapiro today announced victories in two separate lawsuits involving Delaware-based auto title lenders making loans to residents of Pennsylvania. These victories will help provide financial relief to consumers and hold companies doing business in Pennsylvania accountable under state law.

Victory of the State Court against Dominion Management d / b / a CashPoint

The Philadelphia Court of Common Pleas issued a judgment and order requiring Dominion Management of Delaware, Inc. and Dominion Management Services, Inc., which carried on business as CashPoint, and their owner and vice-president Kevin Williams, to pay over $ 8.5 million for illegally charging high interest rates on auto title loans.

“These defendants believed that because they were based in Delaware, they could go beyond Pennsylvania laws and exploit consumers by charging illegally high interest rates,” said Attorney General Josh Shapiro. “With today’s judgment, the court held Kevin Williams accountable and sent a clear message that Pennsylvania’s usury laws apply to car title loans made to Pennsylvanians, regardless of who. or the location of the lender. “

Of the $ 8.5 million, the court designated $ 5.3 million in restitution for consumers, in addition to $ 3.2 million in penalties and $ 41,000 in costs. CashPoint and Williams were also ordered to cancel $ 3.2 million in outstanding loans and release all remaining liens on 800 vehicles. The court also prohibited the defendants from participating in any business making loans to residents of Pennsylvania, and prohibited them from selling, assigning, collecting, or disclosing information regarding the remaining loans.

The Attorney General sued CashPoint, Williams and another owner who now died in October 2018. The court found that CashPoint and Williams had granted more than 3,200 car title loans to Pennsylvanians and placed liens on their vehicles. Pennsylvania between 2013 and 2018. These loans were all well above the 6% interest rate limit for unlicensed lenders: most had annual interest rates above 200%, and some were above 360%.

The court found that the defendants had violated the Unfair Commercial Practices and Consumer Protection Act, the Interest and Loan Protection Act and two provisions of the Corrupt Organizations Act.

The attorney general’s office has a related lawsuit against Kevin Williams’ brother and co-owner, Mark Williams, still pending in the Philadelphia Court of Common Pleas.

Federal Court wins against Delaware auto equity loans

Separately, the attorney general won a major court decision against another auto securities lender, Auto Equity Loans of Delaware, LLC (AEL), which sued the attorney general in an attempt to block a consumer protection investigation.

Three years ago, the OAG opened an investigation into AEL. As part of the investigation, investigators sent a request for documents and data to Auto Equity. In response, Auto Equity sued the OAG, asking a Federal Court to declare that, since AEL claims not to operate in Pennsylvania, the United States Constitution prohibits the OAG from investigating AEL.

After a lengthy litigation led by the Civil Litigation Section of the OAG, the United States District Court for the Central District of Pennsylvania allowed the OAG’s motion for judgment on the pleadings and dismissed the action in AEL justice, holding that “the attorney general has the right to investigate and test the plaintiff’s claim that no part of the company’s loan transactions took place in Pennsylvania.”

The Court ruled that Auto Equity “has no power of persuasion which would prevent the Attorney General from investigating the extent and extent of his conduct” and that “it would be inappropriate for the court to usurp the power. investigation of the Attorney General with the search for civil facts and injunction at this stage.

The federal case was argued by Deputy Attorney General Alexander Korn, and the OAG’s investigation into AEL and the lawsuit against CashPoint and Williams are being led by Deputy Director of Consumer Financial Protection Nicholas Smyth.

# # #

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Religious Leaders and Veterans Advocates Urge Congress to Set National Lending Rate Cap by Passing Fair Credit Act for Veterans and Consumers https://nkfan.net/religious-leaders-and-veterans-advocates-urge-congress-to-set-national-lending-rate-cap-by-passing-fair-credit-act-for-veterans-and-consumers/ https://nkfan.net/religious-leaders-and-veterans-advocates-urge-congress-to-set-national-lending-rate-cap-by-passing-fair-credit-act-for-veterans-and-consumers/#respond Tue, 09 Nov 2021 20:05:58 +0000 https://nkfan.net/religious-leaders-and-veterans-advocates-urge-congress-to-set-national-lending-rate-cap-by-passing-fair-credit-act-for-veterans-and-consumers/ VCFCA will protect veterans and working families from predatory loans WASHINGTON – On Monday, members of the Faith for Just Lending coalition and military family advocates called on the US Congress to protect working families, including veteran families, from abusive payments, car title and other expensive installment loans passing the Veterans and Consumers Fair Credit […]]]>

VCFCA will protect veterans and working families from predatory loans

WASHINGTON – On Monday, members of the Faith for Just Lending coalition and military family advocates called on the US Congress to protect working families, including veteran families, from abusive payments, car title and other expensive installment loans passing the Veterans and Consumers Fair Credit Act (VCFCA).

The legislation would expand the protections of the Military Loans Act, which caps payday loans, car title loans and installment loans at an annual percentage rate (APR) of 36% for members of the military service in active duty, their spouses and some dependents, to veterans and all Americans. Senators Jack Reed (D-RI), Sherrod Brown (D-OH) and Jeff Merkley (D-OR) introduced the Fair Credit Act for Veterans and Consumers in July.

Payday, Car Title and other shady lending practices are targeting military families, veterans, and vulnerable Ohio consumers with predatory high-interest loans designed to trap them in a cycle without end of debt, “said Senator Sherrod Brown, chairman of the Senate Committee on Banking, Housing and Urban Affairs. “We must end these abusive and immoral debt traps by extending the 36% cap on Military Lending Act interest rates to everyone, including veterans and surviving family members. I co-sponsored the Fair Credit for Veterans and Consumers Act to do just that.

Members of the Faith for Just Lending Coalition, which represents millions of Christians across the United States, joined military family advocates in urging Congress to act.

“As Congress continues to deliberate on the Build Back Better Act, we must not lose sight of the many families trapped in a cycle of predatory payday loan debt who are struggling to pay the bills, keep their money down. food on the table and save for the next emergency, ”said Katie Thompson, director of the shared justice program, an initiative of the Center for Public Justice. “As we honor veterans this week, there’s no better time to enact legislation that will protect veterans and all Americans from these harmful loan products.”

Taking advantage of loopholes and the weakening of traditional usury laws, payday lenders typically offer loans at 300% APR and above to the 12 million consumers who use payday loans each year. Researchers have found that four out of five payday loans are re-borrowed every two weeks, indicating that they are unaffordable.

“Congress knows that payday loans are nothing more than legalized loan fraud,” said Rev. Dr. Willie Gable, pastor of the Progressive Baptist Church, chair of the Housing and Housing Commission. Economic Development of the National Baptist Convention, USA, Inc., and a United States Air Force Veteran. “We ask Congress in good conscience to pass reforms that protect our military and all Americans from this predatory abuse.”

“Payday loans are an unfair business practice that benefits consumers and traps them in cycles of debt,” said Chelsea Sobolik, director of public policy at the Ethics and Religious Freedom Commission of the Southern Baptist Convention. “A just government has a responsibility to prohibit predatory lending behavior and to protect the ‘weak, poor and vulnerable’ under its authority.”

“It’s very close to home both as a grandson of veterans and pastor of veterans. And it’s a question about the nation’s moral ledger, not just the fiscal ledger, but the moral ledger, ”said Rev. Gabriel Salguero, president and founder of the National Latino Evangelical Coalition (NaLEC) and pastor. by The Gathering Place.

“What protections do we guarantee for those who are ready to make the greatest sacrifice of their lives and their families? And what does it mean that predatory lending is almost 400%, for some of the most vulnerable… now is the time to act, and without delay. “

“As we, as faith communities, do our part to ensure that our neighbors have the financial resources they need in times of crisis, we recognize that the government must do its part to ensure that the usury is prohibited, predatory and deceptive. lending practices are eliminated, ”said Reverend Sekinah Hamlin, Minister of Economic Justice at The United Church of Christ. “We are doing our part. We need the government to do its part now. “

The Military Loans Act (MLA) prohibits lenders from charging military service members and their families more than 36% APR. The limit was proposed by the Defense Ministry after finding that high-interest loans were devastating troops’ finances and hurting the readiness of the forces. It was enacted with strong bipartisan support in 2006. In a May 2021 report to Congress, the Defense Department confirmed that the military has benefited from the MLA, writing that the law “is working as intended.”

“The Military Loan Act is one of the most effective consumer protections our country has implemented,” said Cory Titus, director of veterans benefits and custody / reserve affairs at the Military Officers Association. of America and US Army veteran. “We have a good policy that works, we should be looking to extend it beyond those on active duty in the military. MOAA supports the VCFCA to extend loan protections for the reserve component, veterans, survivors and all Americans. “

The Fair Credit Act for Veterans and Consumers was introduced to Congress last in both houses and is expected to be introduced to the House later in this session of Congress.

###

Faith for the righteous loan is a coalition of faith-based institutions working to end predatory payday loans. The Faith for Just Lending Steering Committee includes Catholic Charities USA, Center for Public Justice, Cooperative Baptist Fellowship, Ecumenical Poverty Initiative, Ethics & Religious Liberty Commission of the Southern Baptist Convention, Faith in Action, National Association of Evangelicals, National Baptist Convention USA , National Latino Evangelical Coalition, The Episcopal Church, United Church of Christ, and United States Conference of Catholic Bishops.

Contact:
Jennifer P. Gore
Public justice center
202-695-2667
[email protected]

Disclaimer: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of Religion News Service or the Religion News Foundation.

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Westlake Capital Finance Now Offers Commercial Mortgage Rates As Low As 3.99% | Business https://nkfan.net/westlake-capital-finance-now-offers-commercial-mortgage-rates-as-low-as-3-99-business/ https://nkfan.net/westlake-capital-finance-now-offers-commercial-mortgage-rates-as-low-as-3-99-business/#respond Sat, 06 Nov 2021 08:55:37 +0000 https://nkfan.net/westlake-capital-finance-now-offers-commercial-mortgage-rates-as-low-as-3-99-business/ “We are delighted to announce this exciting new offering,” said Lauren Barnard, Director of Commercial Real Estate Lending at Westlake Capital Finance. “Our program continues to evolve in response to changing market and industry conditions, and we remain committed to providing our dealers with affordable, creative and customizable solutions designed to deliver tangible results and […]]]>

“We are delighted to announce this exciting new offering,” said Lauren Barnard, Director of Commercial Real Estate Lending at Westlake Capital Finance. “Our program continues to evolve in response to changing market and industry conditions, and we remain committed to providing our dealers with affordable, creative and customizable solutions designed to deliver tangible results and growth for their respective businesses. Westlake Capital Finance (WCF), a subsidiary of Westlake Technology Holdings, announces new commercial real estate loan rates as low as 3.99% for all qualified auto dealers.

“Westlake is always on the lookout for new and innovative ways to support our partner dealers. Said Todd Laruffa, vice president of Westlake Capital Finance. “This is a great opportunity to make Westlake a strategic partner in the business of our dealers. Not only can we offer commercial real estate financing, but our partners also have access to the full range of Westlake products and services. Finally, with our new low interest rate levels, our hope is to make it easier for our partner dealers to have access to a low cost of capital and the industry expertise needed to facilitate the growth of their business! “

These new rates will give existing Westlake dealers the opportunity to grow successfully much faster with a lower cost of capital. With rates as low as 3.99%, it’s now much more affordable for car dealers to buy, build, refinance and grow their business. Dealers can also leverage their real estate equity to invest in a new location or to tackle large renovation and maintenance projects that may have been put on the back burner.

WCF launched its commercial real estate loan program in late 2019 and currently offers rates as low as 3.99% to qualified Westlake dealers in the state of California. WCF intends to expand this new program to other states over the next year. Dealers interested in learning more about Westlake Capital Finance are encouraged to call 888.682.0166 or visit www.westlakefinancial.com/other-finance-solutions/wcf-commercial-real-estate.

About Westlake Technology Holdings

About Westlake Technology Holdings: Westlake Technology Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 15 billion in assets under management. Westlake Financial (“Westlake”) is the originator of indirect retail automobile payment contracts through a nationwide network of new and used automobile and powersports dealers. Westlake also offers portfolio loan purchases, credit facilities and portfolio services through its Advanced Lending & Portfolio Services (ALPS) division, www.WestlakeALPS.com; floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; the shared cash flow auto loan through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect auto leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); Dealer leads and direct-to-consumer auto loans are offered by Westlake Direct; consumer securities loans are offered through Westlake’s wholly owned subsidiary, Loan Center, www.loancenter.com; and commercial real estate loans are offered by Westlake Capital Finance. www.WestlakeFinancial.com

See the source version on businesswire.com: https://www.businesswire.com/news/home/20211105005779/en/

dgoff@westlakefinancial.com

CONTACT: David Goff, Vice-President, Marketing

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL AUTOMOTIVE SERVICES GENERALE AUTOMOBILE

SOURCE: Westlake Capital Finance

Copyright Business Wire 2021.

PUB: 05/11/2021 14:12 / DISC: 05/11/2021 14:12

http://www.businesswire.com/news/home/20211105005779/en

Copyright Business Wire 2021.

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Westlake Capital Finance Now Offers Commercial Home Loan Rates As Low As 3.99% https://nkfan.net/westlake-capital-finance-now-offers-commercial-home-loan-rates-as-low-as-3-99/ https://nkfan.net/westlake-capital-finance-now-offers-commercial-home-loan-rates-as-low-as-3-99/#respond Fri, 05 Nov 2021 18:12:00 +0000 https://nkfan.net/westlake-capital-finance-now-offers-commercial-home-loan-rates-as-low-as-3-99/ LOS ANGELES–(COMMERCIAL THREAD) – Westlake Capital Finance (WCF), a subsidiary of Westlake Technology Holdings, announces new commercial real estate loan rates as low as 3.99% for all qualified auto dealers. “We are delighted to announce this exciting new offering,” said Lauren Barnard, Director of Commercial Real Estate Lending at Westlake Capital Finance. “Our program continues […]]]>

LOS ANGELES–(COMMERCIAL THREAD) – Westlake Capital Finance (WCF), a subsidiary of Westlake Technology Holdings, announces new commercial real estate loan rates as low as 3.99% for all qualified auto dealers.

“We are delighted to announce this exciting new offering,” said Lauren Barnard, Director of Commercial Real Estate Lending at Westlake Capital Finance. “Our program continues to evolve in response to changing market and industry conditions, and we remain committed to providing our dealers with affordable, creative and customizable solutions designed to deliver tangible results and growth for their respective businesses. ”

These new rates will give existing Westlake dealers the opportunity to grow successfully much faster with a lower cost of capital. With rates as low as 3.99%, it’s now much more affordable for car dealers to buy, build, refinance and grow their business. Dealers can also leverage their real estate equity to invest in a new location or to tackle large renovation and maintenance projects that may have been put on the back burner.

“Westlake is always on the lookout for new and innovative ways to support our partner dealers. Said Todd Laruffa, vice president of Westlake Capital Finance. “This is a great opportunity to make Westlake a strategic partner in the business of our dealers. Not only can we offer commercial real estate financing, but our partners also have access to the full range of Westlake products and services. Finally, with our new low interest rate levels, our hope is to make it easier for our partner dealers to have access to a low cost of capital and the industry expertise needed to facilitate the growth of their business! ”

WCF launched its commercial real estate loan program in late 2019 and currently offers rates as low as 3.99% to qualified Westlake dealers in the state of California. WCF intends to expand this new program to other states over the next year. Dealers interested in learning more about Westlake Capital Finance are encouraged to call 888.682.0166 or visit www.westlakefinancial.com/other-finance-solutions/wcf-commercial-real-estate.

About Westlake Technology Holdings

About Westlake Technology Holdings: Westlake Technology Holdings is an automotive and financial technology company headquartered in Los Angeles, California with approximately $ 15 billion in assets under management. Westlake Financial (“Westlake”) is the originator of indirect retail automobile payment contracts through a nationwide network of new and used automobile and powersports dealers. Westlake also offers portfolio loan purchases, credit facilities and portfolio services through its Advanced Lending & Portfolio Services (ALPS) division, www.WestlakeALPS.com; floor plan lines of credit are provided through its Westlake Flooring Services division, www.WestlakeFlooringServices.com; the shared cash flow auto loan through Westlake’s wholly owned subsidiary, Western Funding Inc., a Nevada-based auto lender; indirect auto leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); Dealer leads and direct-to-consumer auto loans are offered by Westlake Direct; consumer securities loans are offered through Westlake’s wholly owned subsidiary, Loan Center, www.loancenter.com; and commercial real estate loans are offered by Westlake Capital Finance. www.WestlakeFinancial.com

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Startup Secrets Every Entrepreneur Should Know https://nkfan.net/startup-secrets-every-entrepreneur-should-know/ https://nkfan.net/startup-secrets-every-entrepreneur-should-know/#respond Tue, 02 Nov 2021 13:32:23 +0000 https://nkfan.net/startup-secrets-every-entrepreneur-should-know/ Many entrepreneurs aspire to own a billion dollar business, but very few ever reach this milestone. In fact, it’s so rare that private startups valued at over $ 1 billion are called unicorns. There is no roadmap to building a billion dollar business, but if others have, so are you. In 2021, there are more […]]]>

Many entrepreneurs aspire to own a billion dollar business, but very few ever reach this milestone. In fact, it’s so rare that private startups valued at over $ 1 billion are called unicorns. There is no roadmap to building a billion dollar business, but if others have, so are you.

In 2021, there are more than 800 unicorns at the World level. The majority are software companies in the United States and China. You too can put your business on this list. Here are the secrets any entrepreneur can use to start a billion dollar business.

1. Think global

If you want to propel your startup to success quickly, you need to put it in the global market. Aim to meet global needs and provide solutions. Many software startups and tech companies are unicorns because their solutions meet global needs. But you don’t have to be a techie to create a unicorn, even Facebook is a billion dollar business. The important thing is to make sure that your products or services offer total solutions.

2. Come up with a disruptive business idea

Your business idea should stand out from the crowd. It doesn’t have to be radical, it just needs to be simple and well thought out. Uber wasn’t based on a revolutionary idea, the founders just did something different, bringing safety and convenience to an already established industry.

Uber has become popular because it focused on people’s comfort. It was easy for people to order a ride. Before finding a business idea, find out what public demand is and what people are unhappy with, then create a solution that meets their needs.

3. Get financing

Funding is important for any startup. While you can start your business and bring it to unicorn status, it can take years for this to happen. Some of the best sources of funding for startups include community development finance institutions, venture capital firms, angel investors, crowdfunding, peer-to-peer loans and grants.

If you are open to other forms of financing, short term loans such as online securities lending and the financing of invoices as well offer a good way to solve sudden cash flow problems. They’re a great option for small businesses that can’t apply for a line of credit from a bank.

4. Adopt customer-centric marketing

You can dramatically increase conversion rates by putting your customers at the center of your sales and marketing efforts. Increase customer engagement rates by create great customer experiences, make your brand identifiable and meaningful, and use conversational marketing. Be too ready to change and adapt as customer behaviors evolve.

5. Get to work

There is no definite formula for building a unicorn. You have to be prepared to work really hard and keep changing your business strategy until you find what works for you. You’ll fail a few times along the way, but don’t give up. Use your failures to make adjustments and get better. All of today’s billionaire businesses have stories of failure to share. You are not immune to failure.

Startups have a 0.00006% chance to reach a valuation of $ 1 billion, but achieving unicorn status is not impossible. Think holistically, come up with disruptive ideas, get funding, and embrace customer-centric marketing. Get to work to make your unicorn dream come true.

About Author:

Aqib Ijaz is a digital marketing guru at Eyes on the solution. He is also good at computers. He enjoys writing on different subjects. In his spare time, he enjoys traveling and exploring different parts of the world.

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Small dollar loans are up to 24 times cheaper in Oportun, new study finds … | Your money https://nkfan.net/small-dollar-loans-are-up-to-24-times-cheaper-in-oportun-new-study-finds-your-money/ https://nkfan.net/small-dollar-loans-are-up-to-24-times-cheaper-in-oportun-new-study-finds-your-money/#respond Mon, 01 Nov 2021 12:05:00 +0000 https://nkfan.net/small-dollar-loans-are-up-to-24-times-cheaper-in-oportun-new-study-finds-your-money/ SAN CARLOS, Calif., November 01, 2021 (GLOBE NEWSWIRE) – Today, Oportun (Nasdaq: OPRT), an AI-powered fintech that gives hard workers access to responsible and affordable loans, released the findings of the True Cost of a Loan Analysis, conducted by the Financial Health Network. This new report demonstrates that there is a need for low cost, […]]]>

SAN CARLOS, Calif., November 01, 2021 (GLOBE NEWSWIRE) – Today, Oportun (Nasdaq: OPRT), an AI-powered fintech that gives hard workers access to responsible and affordable loans, released the findings of the True Cost of a Loan Analysis, conducted by the Financial Health Network. This new report demonstrates that there is a need for low cost, low value loans. One solution is the type of AI-powered underwriting offered by Oportun that could dramatically reduce the cost of small dollar loans for hard-working people.

Among its findings, the study found that a $ 500 online-only installment loan can cost someone with a poor credit history or no credit history more than $ 2,400 in interest and fees over the life of the loan. ‘a loan. By comparison, a responsibly structured loan taken out using artificial intelligence (AI) and machine learning would cost just $ 102 in interest and fees, a savings of over 24 times.

The analysis, conducted by the Financial Health Network and commissioned by Oportun, provides independent insight into the lifetime cost of the various dollar loan options most readily available to people with bad credit or no credit history. Importantly, these comparisons are generally not available to consumers who are looking for loan options and affordability.

“The reality is that the people who need affordable credit the most often pay the highest amount in interest and fees,” said Matt Jenkins, COO and general manager of personal loans for Oportun. “This rigorous examination of realistic credit options for these households shows that the loan structure and the use of advanced technology in underwriting are important. We hope these results inspire other vendors to embrace best practices in product design and AI to help maximize accessibility and impact for hardworking people.

In a separate study, the 2021 Health Expenditure Report found that low- and moderate-income families spent $ 127 billion in interest and fees on alternatives that include the four products used in the analysis of the true cost of living. ‘a loan: credit cards, installment loans, payday. , and hire purchase. The True Cost of a Loan study used a proprietary model developed by the Financial Health Network to analyze pricing data and household income across states to find out how much a typical Opportunity customer would pay for loans of $ 500, $ 1,500 and $ 3,500.

The main additional findings include:

Online-only installment and payday loans as well as traditional payday loans have all incurred interest and fees totaling over $ 3,000 on a $ 1,500 loan, while credit cards and opportunity loans cost both less than $ 500. A typical payday loan of $ 3,500 is the most expensive with $ 10,775 in interest and fees, while an opportunistic loan is the least expensive at $ 1,645. On average, Opportunity loans were 6 times more affordable than available alternative loans of equal amounts.

“It can be difficult for consumers to assess loan costs because credit products vary widely in their structures and fees,” said Marisa Walster, vice president of financial services solutions, Financial Health Network. “This rigorous analysis shows that responsible loan construction coupled with competitive interest rates can contribute to substantial savings for consumers. “

Oportun uses advanced data analytics, proprietary risk scoring, AI, and over 15 years of consumer insight to sustainably serve low and moderate income consumers responsibly, affordably, and at scale. Uniquely, this technology allows Oportun to score 100% of loan applicants with a high degree of accuracy.

Opportunity’s core product is a simple to understand, affordable, unsecured, fully amortizing personal installment loan with fixed payments and fixed interest rates throughout the life of the loan. Opportunity loans have no prepayment penalties or lump sum payments, are priced below 36% of APR, and range from $ 300 to $ 10,000 with terms of 12 to 48 months.

Since its founding, Oportun has successfully provided over 4.3 million loans and $ 10.5 billion in credit, mostly in the form of small dollar loans, saving clients over $ 1.9 billion in interest. and fees compared to other options generally available to people with little or no credit. the story. By reporting repayment performance to major credit bureaus, the company has also helped over 925,000 people begin to build credit histories.

Click here to download the report.

About Oportun Oportun (Nasdaq: OPRT) is a financial services company that leverages its digital platform to deliver responsible consumer credit to hardworking people. Using AI-powered models that are built on 15 years of proprietary customer information and billions of unique data points, Oportun has granted over 4 million loans and over $ 10 billion in affordable credit, providing its customers alternatives to payday loans and auto titles. In recognition of its responsibly designed products that help consumers build their credit history, Oportun has been certified as a Community Development Financial Institution (CDFI) since 2009.

Media contact George Gonzalez 650-769-0441 george.gonzalez@oportun.com

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Is it worth it or should you look elsewhere? https://nkfan.net/is-it-worth-it-or-should-you-look-elsewhere/ https://nkfan.net/is-it-worth-it-or-should-you-look-elsewhere/#respond Thu, 28 Oct 2021 23:01:36 +0000 https://nkfan.net/is-it-worth-it-or-should-you-look-elsewhere/ If you need money to cover an unexpected bill or need to borrow money but your credit is poor, you may want to consider installment loans or loans without a credit check. They can be a quick form of financing, especially if you choose loans online without a credit check. Used wisely, they could even […]]]>

If you need money to cover an unexpected bill or need to borrow money but your credit is poor, you may want to consider installment loans or loans without a credit check. They can be a quick form of financing, especially if you choose loans online without a credit check. Used wisely, they could even help you rebuild your credit.



a woman standing in front of a window: woman using a laptop computer considering taking out a personal loan


© iStock.com
woman using laptop computer considering taking out personal loan

Before signing on the dotted line, understand what the loan terms are, how they differ from Credit Check Loans with Credit Check or Hard Credit Check Loans, and what will happen if you choose to take out a loan. staff without a credit check.

What Are No Credit Check Loans?

A FICO score of 620 or less is considered below average, making it difficult to qualify for many conventional personal loans. You may already know that there are a variety of loan products that do not require a credit check. These loans often require payment within 15 to 30 days. Borrow with caution – interest rates can be called fees and can go as high as 400%.

Types of loans without a credit check include:

  • Payday loans
  • Securities lending
  • Online Loans Without Credit Check

Learn more about loans without a credit check to see if it is right for your financial situation.

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Payday Loans Without Credit Check

Payday loans are loans in which you write a check for the loan amount with a fee included and then the lender gives you the money for the loan. On your next payday or within a specified time, you must return the amount of money to the lender and you will receive your uncashed check. If you don’t bring the money back on time, your check, along with the high fees, will be cashed. You will always be paying a high amount in fees, so try to find an alternative to payday loan before choosing one.

Securities lending

Title loans use a car title as collateral for the loan. You may be able to borrow more money than with a payday loan, but payment is still due within 15 to 30 days. If you don’t pay back the money, you could lose ownership of your vehicle.

Online Loans Without Credit Check

Online installment loans require you to make monthly or weekly payments until the loan is paid off. Your payments can be interest only with a lump sum payment at the end for the remainder of the loan.

Benefits of personal loans without a credit check

One of the main advantages of a loan without a credit check is that the process can be done very quickly, often in a matter of minutes or hours, because the company will not do a check on your credit. The only requirements are your ID and proof of income. People often turn to these types of loans when they are in financial dire straits and have no other options left.

Disadvantages of personal loans without a credit check

One of the disadvantages of these types of loans is the higher interest rate that you end up paying. Interest could be as high as 400% APR, which is much higher than what you would pay if you borrowed money from a credit card or took out a personal loan.

Additionally, people can get trapped in a cycle of using payday loans as they have to keep using them to cover the bills for the next month as the full amount is due at the start of each pay period. No online credit check loan can require low monthly interest payments, with just one big lump sum payment at the end. If the borrower cannot repay it, then they can borrow money again and start the cycle again.

The example below shows how much more you might have to pay with a no credit check loan compared to other options. Imagine you take out a two-year $ 3,500 loan calculated with a standard amortization schedule. Loan Option A and Loan Option B are both offered by lenders who are considering credit; loan option C comes from a lender without a credit check.

Borrower’s credit APR Monthly payments Total payments
Excellent 6% $ 155.12 $ 3,722.93
Poor 36% $ 206.67 $ 4,959.98
No credit check required 400% $ 1,167.84 $ 28,028.12

Alternatives to loans without a credit check

While no credit check loan seems to be the best solution when you have an emergency, they should be avoided, especially if you need them periodically. Consider the following alternatives.

Personal installment loan

One option is to apply for a personal installment loan with a credit check at your bank or online. Even if your credit is poor, personal installment loans offer better rates than payday loans.

Loans from friends and family

You can also borrow money from friends or family. However, make sure you can repay a loved one to avoid putting them in a bad financial situation and straining the relationship.

Credit card

Having a credit card as a backup in a financial emergency can be a lifeline. Using a credit card could cost you less interest and allow you to make payments over time with less exorbitant interest rates.

Payment plans

Before taking out a loan, check to see if a payment plan option is available. Some companies and hospitals are willing to work out a payment plan with you so that you can cover unforeseen bills without taking out a payday loan.

Final take

If you decide to search for installment loan options online, look for a low interest rate. A credit check loan will carry a better interest rate than those that don’t require a credit check, making it easier for you to repay the loan and get the cash advance. Finally, set a budget to control your spending and try to put money aside each month to help cover emergencies.

Cynthia Bowman contributed to the writing of this article.

This article originally appeared on GOBankingRates.com: No Credit Check Loans: Are They Worth It Or Should You Look Elsewhere?

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