Tag Archives: interest rates

How to put your tax refund to work for you

March 08, 2022, 2:33 p.m.Updated 22 months ago By: Associated press If you’re looking forward to a tax refund in the coming weeks, you have good reason to be optimistic: the IRS reports that about 77% of tax returns filed last year generated a refund, and the average reimbursement was …

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Ballot proposal would cap ‘predatory’ interest rates for payday loans

LANSING, MI — A polling committee is busy asking a question about the November ballot that would prevent payday lenders from charging “predatory” interest rates if approved by voters. The Michiganders for Fair Lending campaign officially launched its petition-raising effort Wednesday to cap high interest rates on payday loans, payday …

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India is giving inflation room to grow, but it can bite

Indian politicians well understand that elections can be won or lost on onion prices. With only 83 million people in wage jobs in a country of 1.4 billion people, households don’t have much bargaining power over wages to cope with a higher cost of living. What is less appreciated is …

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Don’t let the price of college intimidate you – here are 5 ways to fund your education

NEWYou can now listen to Fox News articles! In February, higher education institutions across the country celebrate Financial Aid Awareness Month. The purpose of this commemoration is to educate students and their families on crucial information about federal, state, and institutional student aid. The basic cost of a college degree …

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Nigeria’s debt sustainability in jeopardy, cause for concern, says IMF – Arise News

The International Monetary Fund (IMF) has said that Nigeria’s debt sustainability is under threat and is causing much concern and long-term unease. The IMF reiterated the need for the Nigerian government to implement fiscal reforms in a timely manner. The IMF Mission Chief for Nigeria, Ms. Jesmin Rahman, said so …

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Iain Macwhirter: The cost of living crisis is stabilizing upside down

The default reaction to any initiative from this government is to reject it with contempt. Well, they are conservatives, aren’t they? As everyone knows, the Conservatives are looking after themselves, cutting public spending and lining the pockets of the rich. And so Michael Gove’s leveling program was dismissed by opposition …

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Sponsored Content: Personal Loans — Why Should You Get One?

A personal loan is usually an unsecured loan, which means you don’t have to post collateral. Thus, the lender will have nothing to seize in the event of default. However, we do not encourage you to default on your personal loans, as this has consequences. One of these consequences affects …

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What to know before borrowing

Payday loans usually come with very high interest rates and are often based on your income. Personal loans are long-term installment loans that generally have lower rates than payday loans. Payday loans are always a worse option than personal loans due to their high rates. Read more stories from Personal …

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Economy rebounds above pre-COVID levels for first time, but fears over Omicron hit | Economic news

The UK economy grew stronger than expected in November before the Omicron variant hit, rebounding above pre-pandemic levels for the first time. The Office for National Statistics (ONS) said gross domestic product (GDP) rose 0.9% in the month, compared to a rise of just 0.1% in October. Analysts had predicted …

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Advocates Again Call for Legislation Capping Payday Loan Rates

Angela Espada, executive director of the Indiana Catholic Conference, shares her group’s reasons for supporting legislation that would cap payday loan interest rates. Samantha Horton / IPB News Advocates are once again pushing lawmakers to pass legislation that would cap annual percentage rates for small loans. Hoosiers for Responsible Lending …

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‘There is no more money’: Covid crisis leaves Sri Lanka on the verge of bankruptcy | Sri Lanka

Sri Lanka faces a worsening financial and humanitarian crisis and fears bankruptcy in 2022 as inflation hits record highs, food prices skyrocket and its coffers run low. The collapse facing the government, led by the strongman of President Gotabaya Rajapaksa, is in part caused by the immediate impact of the …

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Households of color have more costly and riskier debt, which hurts their chances of creating wealth

Households of color have more costly and riskier debts getty Household debt is ubiquitous, but some forms of debt are riskier and more expensive than others. These include payday loans, credit cards, and auto loans. They can also include student loans. Households of color are often more likely to owe …

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Debt increases, increasing risks for many households

Debt increases, putting families at greater risk getty Households are getting more and more into debt. Part of this debt creates particularly significant financial risks for households. They still have to repay this debt, even if they lose their jobs or encounter a health emergency, among other unforeseen events. As …

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Survey: 69% of people with federal student loans can’t afford payments when forbearance ends

More than two-thirds of U.S. adults with federal student loans say they need to take extra steps to pay their student loan repayments when payments resume in February, according to a new survey from Bankrate and BestColleges. Federal borrowers have not had to make a student loan payment since March …

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Global stocks mostly rise despite growing concerns over Omicron variant

Global stocks were mostly higher on Wednesday amid nervous trading amid concerns over the latest variant of the coronavirus. The French CAC 40 rose 0.5% at the start of the session to 6,751.87, while the German DAX gained 0.7% to 15,206.89. The UK FTSE 100 jumped 1.1% to 7,137.60. US …

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3 people who shouldn’t invest in a retirement account

Saving for retirement is a big job, which is why most people work there as soon as they can. Even in the best-case scenario, it may take three to four decades to invest some of your paychecks to get the cash you need. Setting a monthly savings goal and putting …

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Late bill causes more pain and unnecessary suffering

Government grants awarded before the close of applications. Majority of high value grants awarded through “closed, non-competitive processes”. More than half of grants for rural Australia go to cities (“55% of regional grants go to big cities”, October 20). Voters’ anger at sports and the suburban parking lot campaign has …

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Your wallet is on the line: Washington must succeed this week

Prepare for a week of wide-eyed politics and process. But this DC sausage-making has implications for virtually every American family. What’s happening right now is nothing less than a one-time realignment of your kitchen table economy. President Joe Biden and Democrats want a cradle-to-grave remake of the American economy. Investments …

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Macro hedge funds find 2021 is not scripted

Hedge Fund Updates Sign up for myFT Daily Digest to be the first to know about hedge fund news. So far, 2021 has not gone quite as planned for macro hedge funds. They hope that a potential rise in inflation will soon begin to provide more attractive deals. Macro funds, …

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IFS’s new student finance calculator shows: no easy choice for student finance reform – Institute for Fiscal Studies

Find out how different reforms would affect student loans using our interactive tool >>> The student finance system in England is both unpopular among students and costly for the taxpayer. Reform now seems almost inevitable. Given the pressures on public finances from COVID-19, the Chancellor may want graduates themselves to …

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Basic requirements to qualify for a payday loan

Share Tweeter Share Share E-mail Payday loans, often referred to as cash advances, are short-term, low-balance, high-interest loans with exorbitant interest rates. They get their name because the money is usually borrowed on a post-dated check or account withdrawal authorization that takes effect on the borrower’s next payday. If the …

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As pandemic eases, businesses push Congress for another bailout

“We are still incredibly vulnerable,” said Sean Kennedy, executive vice president of public affairs for the National Restaurant Association. The lobbying effort is gaining traction, with Republicans signing bills to provide grants to restaurants and gyms even as the GOP balks at President Joe Biden’s multibillion-dollar infrastructure spending plans. Lawmakers …

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Michigan Small Business Loans Navigation

There are many reasons small businesses thrive in Michigan, including a skilled workforce in cities such as Detroit, Lansing, and Grand Rapids, as well as in rural areas; a strategic location that provides access to US and international markets; and a relatively low cost of living. Whether you’re an entrepreneur …

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Five fundamental principles of financial recovery

The COVID-19 public health crisis has triggered a financial crisis for many individuals and families. Whether their pain was caused by time off, layoffs or pay cuts, people have been held back from meeting their monthly obligations and progressing towards their long-term financial goals. Now that vaccines are helping the …

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Will your mortgage rate increase soon?

The Governor of the Reserve Bank may be telling us that he won’t raise interest rates until 2024, but what about the banks? According to the latest interest rate news, ACB has raised its three- and four-year fixed-term rates for homeowners by five basis points and 10 basis points on …

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Is there still room for export credit agencies?

Once a critical pillar in supporting commercial space projects around the world, export credit agencies have faded from the limelight in an industry awash with financing alternatives. But as an Indonesian satellite obtains ECA support and Canada’s Telesat explores the option for its LEO constellation, there is still a role …

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Behind Western Alliance’s $ 1 Billion Mortgage Bet

Western Alliance Bancorp’s planned purchase of major mortgage company fits a story planned for 2021 – banks buy remunerated companies to counter low interest rates and limited commercial lending opportunities. Western Alliance agreed on Tuesday to buy Aris Mortgage Holding, The Thousand Oaks, Calif., Parent company of AmeriHome Mortgage, in …

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