Script services – Mihalism Script http://mihalismscript.com/ Sat, 26 Mar 2022 14:13:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://mihalismscript.com/wp-content/uploads/2021/10/icon-2-120x120.png Script services – Mihalism Script http://mihalismscript.com/ 32 32 Loan Sales Scripts that are Ready to Use 2022 | Oak Park Financial https://mihalismscript.com/loan-sales-scripts-that-are-ready-to-use-2022-oak-park-financial/ Mon, 21 Mar 2022 14:56:25 +0000 https://mihalismscript.com/?p=742 As a mortgage broker or an expert in lending, there are plenty of possibilities to connect homebuyers with the ideal loan option like Oak Park Financial. In the month of January 2021 alone there were 93,000 new homes sold within the United States. In addition, there are more than 20 million homeowners who qualify for refinancing to refinance, and there […]]]>

As a mortgage broker or an expert in lending, there are plenty of possibilities to connect homebuyers with the ideal loan option like Oak Park Financial.

In the month of January 2021 alone there were 93,000 new homes sold within the United States. In addition, there are more than 20 million homeowners who qualify for refinancing to refinance, and there are plenty of leads to hunting around.

The million-dollar question is now being asked What’s your strategy to reach out to homeowners and buyers that require a mortgage or wish to refinance?

There’s no shortage of solutions and strategies that are popular, including:

  • The creation of a network of estate agents that can recommend your business
  • Purchasing Leads online
  • Cold calling

In this article, we concentrate on how you can build your business with cold-calling. Not just any kind of cold call. Cold calling was driven by mortgage scripts that are designed to assist you in closing more sales.

Traits of a Good Mortgage Sales Script

Simple and straightforward Simple and straightforward, a well-written mortgage sales plan yields positive results. It doesn’t matter what you’re saying, as long as it’s effective.

Of course, it’s figuring out what works, which can slow you down.

The most effective mortgage sales scripts possess these characteristics:

  • Concise and clear
  • Concentrate on the those areas that are causing you pain.
  • Emphasize your unique selling proposition (USP)

Loan Sales Scripts: Examples

There are no two cold calls identical, and you don’t know what you’re dealing with when someone calls you on the phone. But, with the correct sales pitch, you’ll be more confident in your abilities to entice the prospect.

Let’s take a look at a few mortgage sales scripts separated by the scenario.

1. First Contact: New Mortgage

When you buy mortgage leads, it is likely that you do not have any previous contacts with the prospective buyer. Therefore, you need an appropriate sales plan to rely on.

Hi, (first name). Hello, this is (your initials) dialing from (your company’s name).

I’m sure that you’re looking for a new house So I thought I’d get in touch to tell you more about our offerings. Are you available?

At (your company’s name) the focus of our company is to assist our clients to secure a favorable cost that will save their money. This is accomplished through the use of advanced technology to compare over 500 lending institutions across the country.

The script has all the characteristics mentioned previously. It’s concise and clear and addresses the most difficult points (finding the lowest rate) and makes sure you highlight the importance of your USP (technology along with a huge network).

2. First Contact: Refinance

The method you use with a new mortgage lead must not be similar to that of the refinance lead.

A person who is refinancing their mortgage is likely to be subject to an entirely different set of demands, which is why they require the use of a specific sales script.

Hi, (first name). Hello, this is (your initials) dialing from (your company’s name).

I got your details from a homeowner who is interested in refinancing their mortgage. A quick look at the information will show that we can not just offer you a better rate, but also help you save many thousands over the duration of your loan.

Do I need to confirm certain details with you in order to give an accurate estimate?

Although it is similar to the latest loan sales scripts, the main point in this script is the phrase that touches the lower rate and thousands of dollars of savings. Refinancing is a popular method in order to save money, and that should be the main topic of your discussion.

3. Follow-up: New Mortgage

Sometimes you’ll strike an agreement the first time you contact an opportunity, however, this isn’t the norm.

Here’s a guideline to follow up on the latest mortgage lead

Hi, (first name). The following message is (your first name) from (your company’s name) We are following up on our phone call from (date of call). ).

If you’re searching for a mortgage, I’ve got several lenders that can meet your needs. Are you interested in learning more?

Perhaps the potential customer wants to speak with you. Perhaps they don’t.

Or, if you prefer, quickly get straight to the point and let them know that you’re still able to assist them.

If the prospect doesn’t like you and again, make sure to remind them of the promise to follow up shortly. You must conduct at least a number of follow-ups before letting go of the lead.

If they do express a desire to discuss the matter, proceed to the next phase which is to gather the required information needed to provide an accurate rate estimate.

4. Follow-up: Refinance

A person who is considering refinancing their loan may not be on the move, because they already own a home and loans. Therefore, frequent follow-ups are crucial to keep them on track.

Hi, (first name). It’s (your initials) from (your company’s name) Following up our call from (date of the call). ).

Rates for refinancing is below the current rate, therefore I thought it would be a good idea to get in touch to help you be aware of where you are on your look for a mortgage.

If you focus on your capacity to negotiate a lower rate, you offer your potential client some incentive “hold onto.” If they’re still willing to refinance using this kind of word that will entice them.

Similar to taking action on an opportunity to purchase a mortgage and observing the prospective customer on what they’d like to do in the future.

5. Information Request

If you’re purchasing leads or making them on the internet You’ll often come confronted with information requests for emails or texts.

They are looking to secure the new loan or refinancing the existing loan. They have reached out to you in search of more details.

But here’s the problem It’s likely that they’ve also contacted other lenders and brokers as well.

Speed is of the greatest importance. The longer you sit, the less chance you have of acquiring a new client.

Hi, (first name). I am (your first name) and I am employed by (your company’s name). I found your contact information on our online form for request.

If you’re still looking for a mortgage, I’d be happy to talk about our procedure and how we’ve assisted people like you to save hundreds of thousands.

You’re talking to someone who asked for information You already are aware that they’re interested. As a warm lead, you don’t have to make very much convincing in the first phone call.

Introduce yourself, evaluate the needs of the person, proceed in the right direction.

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Bad Credit Payday Loans – How can I get one? https://mihalismscript.com/bad-credit-payday-loans-how-can-i-get-one/ Tue, 01 Feb 2022 06:23:23 +0000 https://mihalismscript.com/?p=379 Keep waiting until you receive the funds to repay the loan Once your loan is approved After approval, you’ll receive the money on the same day, or in 24 hours. If you’ve received the money, you’ll be required to repay the loan. This will likely happen when you get your next paycheck, typically in between 2 and […]]]>

Keep waiting until you receive the funds to repay the loan

Once your loan is approved After approval, you’ll receive the money on the same day, or in 24 hours. If you’ve received the money, you’ll be required to repay the loan. This will likely happen when you get your next paycheck, typically in between 2 and four weeks.

You can pay for your loan over the phone, via the internet, or at each Oak Park Financial location.

How do you improve your credit score

The better your credit score, the better rates, and conditions you’ll be eligible for. It’s, therefore, a fantastic strategy to improve your credit as much as you can. Before you do so, visit AnnualCreditReport.com to check your credit report. Once you’re aware of the state of your credit and what you are owed, apply these tips to improve the score of your credit.

Pay Your Bills On Time

Even one late payment can ding your credit. Make sure that you pay your mortgage, rent car loans, utilities, and other expenses punctually and in full each time. Automate payments or set reminders on your calendar using your phone to make sure you’re not unable to pay.

Keep your credit cards open

The length of your credit history has an impact on your credit score. If your history of credit is in good order and open and maintained, the higher scores you’ll be able to get. If you’re able to keep your old accounts, even if you prefer to avoid them or have no balances.

Reduce Your Credit Utilization Ratio

The amount of credit that you’ve divided by the credit limit you’re able to access is known as “credit utilization,” also known as. Since most lenders prefer a ratio less than 30 percent you must reduce the ratio by making payments earlier on balances and also spending less.

What can be used for?

People who have poor, good, and bad credit scores are low-cost, short-term loans that can be used to pay for various urgent expenses, like:

Car costs

If your vehicle breaks down abruptly and you need new tires or a repair that is only several hundred dollars, a payday loan may be able to help. If you don’t have it, you might not have an efficient transportation system to work, school, or other important places.

Groceries

If you’re in a bind for cash and aren’t able to pay for your next expense, you should consider payday loans. They can supply meals for the family as well as yourself until you get the next paycheck.

Rent/Mortgage

There are a few hundred bucks left over from your rent or mortgage? A payday loan could give you the cash you’ll need to pay it. Don’t rely on it to make every payment to your rent or mortgage.

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Writer opposes payday loan bill | Letters to the Editor https://mihalismscript.com/writer-opposes-payday-loan-bill-letters-to-the-editor/ Mon, 31 Jan 2022 17:47:00 +0000 https://mihalismscript.com/writer-opposes-payday-loan-bill-letters-to-the-editor/ Writer opposes payday loan bill Dear Editor: Recently, I was appalled to learn of a proposed bill at the Indiana Statehouse offering a “solution” to the payday loan industry. SB 352, dubbed the supervised consumer lending bill, claims to benefit the too many struggling Hoosiers who use these predatory services. Considering that the current legally […]]]>

Writer opposes payday loan bill

Dear Editor:

Recently, I was appalled to learn of a proposed bill at the Indiana Statehouse offering a “solution” to the payday loan industry.

SB 352, dubbed the supervised consumer lending bill, claims to benefit the too many struggling Hoosiers who use these predatory services. Considering that the current legally permitted interest rates for these loans stand at 391%, a fix is ​​definitely needed, but SB 352 right?

For anyone who has never needed to take out a payday loan, it can be easy to dismiss this problem and blame borrowers for their economic shortcomings. But it’s really not that simple. Banks often do not provide service to low-income people in many Hoosier communities.

These same people bear the greatest burden when the price of food, rent, utilities, gas and everything else goes up. Although there is help available through several sites, this information is not always readily available and the entry threshold into these programs can be too onerous.

So, with highly targeted marketing and easy accessibility, the payday loan industry is rushing to fill the void.

It was my experience as a young soldier in the US Army. Growing up in a fairly comfortable middle-class existence, I was lucky enough to fall back on my parents if I had an economic emergency. But for years, I’ve watched too many of my classmates take out payday loans to manage between their meager monthly paychecks. Especially those with families, who were often already receiving some form of government assistance.

After failing too many times myself, I jumped on the payday loan bandwagon. They were very easy to get, but not so profitable. Eventually, with more expense, I made it…with help.

Once again, I was lucky to have a family I could lean on. That’s just not the reality for many service members and veterans today, 25 years later. In addition to having some of the most daunting challenges of any cohort of people in our society (high rates of depression, PTSD, drug use, financial insecurity, homelessness and suicide), veterans are heavily targeted by the payday loan industry, along with these massive interest rates and fees.

Real change needs to happen now. Not just for veterans, but for everyone in Indiana.

Although SB 352 is touted as this change to payday loan laws, it is just a fig leaf to create more profit for the industry. That our Indiana legislature continues to allow the business model of this predatory industry to exist as is, on the backs of workers and Hoosiers on fixed incomes, amazes me.

Bolstering this industry with new legislation to take even greater advantage of the most vulnerable Hoosiers is maddening and unacceptable. You can’t draw blood from a stone, and it’s high time the Indiana state house understood that.

Please join me in reaching out to your state senator and representative to tell them to vote no on SB 352. Enough is enough!

Bryce Gustafson, organizer of the Citizens Action Coalition program

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Online Payday Loans Market Expected to Generate Explosive Revenues by 2026 https://mihalismscript.com/online-payday-loans-market-expected-to-generate-explosive-revenues-by-2026/ Mon, 31 Jan 2022 17:16:46 +0000 https://mihalismscript.com/online-payday-loans-market-expected-to-generate-explosive-revenues-by-2026/ Global Online Payday Loans Market Report – Professional Analysis of Production and Consumption (Impact of COVID-19) is the latest research study published by Market Intellix assessing the market, highlighting opportunities, risk analysis and supporting strategic and tactical decision making. The influencing factors of growth and regulations regarding the use of information, the availability of highly […]]]>

Global Online Payday Loans Market Report – Professional Analysis of Production and Consumption (Impact of COVID-19) is the latest research study published by Market Intellix assessing the market, highlighting opportunities, risk analysis and supporting strategic and tactical decision making. The influencing factors of growth and regulations regarding the use of information, the availability of highly reliable products in the market and the increase in operational efficiency of online payday loans players. The study provides insights into market trends and development, drivers, capabilities, technologies, and the Online payday loan market According to the study, key and emerging players in this market are EasyCash, Raffles Credit, Tangbull, GM Creditz, Cashwagon, Robocash, 365 Credit Solutions, UangTeman, TunaiKita, Tala, Fortune Credit, Amaze Credit, Bugis Credit, A1 Credit, PT InFin Tech Indonesia.

Apply here for the free copy of the report @: https://www.marketintellix.com/sample-request/global-online-payday-loans-market-148766

Key points covered in the report:

  • Detailed analysis of the global Flax Seeds market through an assessment of key market aspects such as technology, product type, application, end-use, and overall industry dynamics.
  • Qualitative and quantitative analysis of the market estimate from 2021 to 2028 and CAGR calculation for the forecast period.
  • Overall assessment of market dynamics with emphasis on drivers, restraints, opportunities, and limitations.
  • Detailed profiling of key companies operating in the market, including company overview, financial status, product offerings, product portfolio, recent product and technology advancements, and business expansion plans.

The global personalization software market segments and market data breakdown are illustrated below:

by Application (Individual, Large Company, SME)

Regions included are: North America, Europe, Asia-Pacific, Oceania, South America, Middle East and Africa

Country level breakdown: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), Netherlands, Spain, Italy, Belgium , Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand, etc.

Report Customization: This report can be customized to your needs for additional data https://www.marketintellix.com/enquiry-before-buy/global-online-payday-loans-market-148766

Main highlights of the table of contents:

Online Payday Loans Market Research Coverage:

– It includes major manufacturers, emerging player’s growth story and major business segments of Online Payday Loans market, years considered and research objectives. Further, segmentation based on product type, application, and technology.

– Executive Summary of Online Payday Loans Market: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, together with macroscopic pointers.

– Online Payday Loans Market Production by Region Online Payday Loans Market profile of manufacturers-players is studied based on SWOT, their products, production, value, financials and other vital factors.

Key Points Covered in the Online Payday Loans Market Report:

– Overview, Definition and Classification of Online Payday Loans Market Drivers and Barriers

– Online payday loans market competition by manufacturers

– Analysis of impact of COVID-19 on the online payday loans market

– Online Payday Loans capacity, production, revenue (value) by region (2021-2026)

– Online Payday Loan Supply (Production), Consumption, Export, Import by Region (2021-2026)

– Online Payday Loans Market Analysis by Application {Individual, Large Enterprise, SMB}

– Online Payday Loans Manufacturers Profiles/Analysis Online Payday Loans Manufacturing Cost Analysis, Supply Chain/Industry Analysis, Sourcing Strategy and Downstream Buyers, Marketing

– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Answers to key questions

  • How feasible is the online payday loan market for a long-term investment?
  • What are the factors influencing the demand for online payday loans in the near future?
  • What is the impact analysis of various factors on the growth of the Global Online Payday Loans Market?
  • What are the recent regional market trends and how successful are they?

To purchase the full report: https://www.marketintellix.com/buyReport?report=148766&format=1

About Market Intellix

Market Intellix provides comprehensive market research services and solutions across various industry verticals and helps businesses achieve exceptional performance. Attention to detail, consistency and quality are things we focus on. However, our pillar remains the knowledge, expertise and resources to make us players in the industry.

Our mission is to capture all aspects of the market and offer businesses a document that provides a solid foundation for crucial decision making.

Contact us

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Call: +1 (350) 908 1001

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Website: www.marketintellix.com

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PayDay Say Company Acquired Personal Money Services Company – Company https://mihalismscript.com/payday-say-company-acquired-personal-money-services-company-company/ Mon, 31 Jan 2022 16:57:00 +0000 https://mihalismscript.com/payday-say-company-acquired-personal-money-services-company-company/ PayDay Say Company has just acquired Personal Money Service, an online platform designed to connect borrowers with direct creditors across the United States. The acquisition will better meet the needs of PayDay Say customers across the country, as this company aims to help every borrower meet their urgent financial needs through its website. Consumers from […]]]>


PayDay Say Company has just acquired Personal Money Service, an online platform designed to connect borrowers with direct creditors across the United States. The acquisition will better meet the needs of PayDay Say customers across the country, as this company aims to help every borrower meet their urgent financial needs through its website.

Consumers from the United States can now apply for this digital and streamlined platform which is one of the highest rated sites available today. The purchase of Personal Money Service is part of PayDay Say Company’s strategy of supporting borrowers in their approach to establishing contact with the best service providers.

PayDay Say Company takes good care of its customers and is committed to delivering the highest level of loan connection services to help borrowers make informed financial decisions by choosing streamlined technology.

Now that say on salary owns Personal Money Service, this platform will not only better meet the needs of its borrowers, but also bring more value to every resident and US citizen who is willing to take out a loan to cover unexpected expenses using tools digital. By purchasing the Personal Money Service Company, PayDay Say will now offer loan matching services to its customers across the country.

Personal Money Service, as well as PayDay Say, are the two places where consumers can find the best loan deal. Since the acquisition of Personal Money Service, consumers will be able to benefit from all loan services in one place. PayDay Say has grown into a huge company with deep expertise and top professionals.

The company now cooperates with an extensive network of direct creditors. The growing demand for loan services has influenced the growth and rapid development of the company. Due to high demand, PayDay Say decided to acquire Personal Money Service to bring together its expertise and bring more value to customers.

The goal of expanding PayDay Say is to help consumers realize that their temporary financial disruptions can easily be resolved if they turn to professional assistance.

The company is dedicated to improving and updating its services by letting customers experience the best loan connection services to get rid of money troubles.

The application process has become simpler and takes less time. It takes minimal effort and time to reach many lenders and compare loan offers. PayDay Say acquired Personal Money Service to expand its database of direct lenders and partners to help each customer find the best deal for their individual financial needs.

The PayDay Say values ​​remained the same. The company helps borrowers with urgent cash flow issues by using the online platform to reach out to creditors. The company wants to provide qualified help to every consumer in need. The acquisition of Personal Money Service by PayDay Say Service aims to offer the highest level of loan matching services using its digital platform and two payday apps.

Borrowing recommendations

Following the success of the online platform, two payday apps were recently launched by PayDay Say to provide a faster and more convenient application process for customers. These apps are available on Google Play and App Store. Consumers can install salary advance app for their comfort and benefit from the speed and comfort of loan matchmaking services directly from their smartphone.

These payday loan apps are available 24/7 and provide more options and flexible features for customers.

PayDay Say recently announced the launch of these two applications to better meet the financial needs of its consumers. State borrowers who cannot obtain regular loan solutions can avail this short-term option by using the app or visiting the company’s website. Apps available on Google Play and App Store provide a modern and streamlined loan application process specific to the client’s state of residence.

PayDay Say Company has already helped thousands of customers across the United States resolve temporary financial issues and other money-related disruptions. The web platform is designed to help every borrower find the best loan deal with less effort. Due to the growing demand for such financial and lending services, it was announced that PayDay Say now owns Personal Money Service to expand the business and combine the two databases of direct lenders.

The benefits of such an acquisition are numerous, including:

  • A larger database of direct lenders
  • Better professional help
  • Important strategic opportunity
  • Expert customer support team
  • Faster financial help
  • Individual approach for each client

Three simple steps are enough to receive a quick loan offer via the PayDay Say platform or app. These steps include submitting a simple online application, connecting with the best creditors in minutes, and getting the money. It is free to use website or payday apps for borrowers. Creditors will contact borrowers to negotiate the terms and conditions of each loan agreement.

Offering fast loan options online is a great solution for thousands of borrowers across the United States today. Now that PayDay Say has acquired Personal Money Service, it has provided a fast connection between borrowers and lenders while the company charges no fees for its services. It has become available to apply on the web as well as using two troubleshooting apps suitable for every smartphone user. The application process has become simpler and more secure.

To learn more, visit https://paydaysay.com

About Payday Say services:

PayDay Say is a payday loan company. This service was recently expanded with the purchase of a personal money services company. Two mobile apps were also launched recently to help consumers meet their short-term financial needs. It is not a direct lender, but this company connects borrowers and creditors across the country.

Keywords: personal loans, $100 loan, ready now, credit assistance, money lending apps, Online loans, Personal finance, same day loans, money now, payday loan apps, PayDaySay, loan 2000, credit score, small online payday loans no credit check, money online

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All the financial changes coming in February and how they might affect you https://mihalismscript.com/all-the-financial-changes-coming-in-february-and-how-they-might-affect-you/ Mon, 31 Jan 2022 11:35:00 +0000 https://mihalismscript.com/all-the-financial-changes-coming-in-february-and-how-they-might-affect-you/ THERE are some big changes coming in February that could impact your bank balance. From interest rate hikes to rising energy bills, there are important dates for your diary next month. 1 There are several key financial changes coming in February 2022Credit: Getty Bills are expected to rise further this year and several key announcements […]]]>

THERE are some big changes coming in February that could impact your bank balance.

From interest rate hikes to rising energy bills, there are important dates for your diary next month.

1

There are several key financial changes coming in February 2022Credit: Getty

Bills are expected to rise further this year and several key announcements will be made in February.

This includes information about your energy bills going up this year and some mobile phone contract hikes.

Changes will also be made to Universal Credit for terminally ill claimants.

Meanwhile, an important deadline is approaching for consumers who have been wrongly sold payday or home loans.

They only have a few weeks to claim compensation that could be worth hundreds of pounds.

We explain what financial changes are coming in February and how they could affect your pocket.

Bank of England Interest Rate Decision – February 3

The Bank of England is preparing to raise interest rates at a meeting this week after voting for a hike in December.

The bank raised rates to 0.25% late last year, for the first time since August 2018.

Its monetary policy committee will meet on Thursday to vote on whether to raise rates for the second time.

Rate hikes are bad for anyone in debt, especially if you’re not locked into a fixed rate.

Credit cards, overdrafts and mortgage rates could all be affected.

However, a hike would be good for savers who can get improved rates on savings accounts and Isas.

Energy price capping – February 7

The energy price cap limits how much suppliers can charge for default rates, and it is expected to increase this year.

It is revised every six months, with the next update scheduled for February 7.

Millions of households ditched cheap fixed tariffs when their old providers went bankrupt, meaning they are protected by the price cap.

But the cap is set to rise from £1,277 to £1,900 for an average household.

It means millions of Britons will pay an extra £600 a year on energy bills when the new limit is introduced in April.

Universal Credit Rule Change – February 15

Universal Credit claimants must agree to take certain steps in order to receive their benefits – this is called the claimant’s undertaking.

From February 15, terminally ill claimants will no longer have to show that they are taking certain steps to get their payments.

Anyone currently receiving compensation under the special rules for terminal illness is exempt from seeking employment.

But they are not automatically exempt from the applicants’ other commitments.

This will change next month, meaning those nearing the end of their life won’t have to meet specific goals to get their payments.

It was also announced last year that terminally ill patients will get accelerated access to benefits.

Applicants in the last year of their life will have their applications prioritized.

Previously, these rules were only in place for people with six months or less to live.

O2 raises prices – February 17

The retail price index will be unveiled on February 17 – which might interest you if you are an O2 customer.

The network uses the index to set its prices by adding an additional 3.9% to the RPI rate announced in February.

Other companies have already revealed how much phone and broadband bills will rise from April.

BT, EE and Vodafone raise prices by up to 9.3% in April, which is up to £74 more each year.

These companies calculate their prices by adding 3.9% to the consumer price index (CPI) for January.

The CPI is a measure of inflation, and it hit 5.4% at the start of the month.

Loan mis-selling deadline – February 28

Consumers who were mis-sold by Satsuma or Provident have until the end of the month to file a claim.

More than four million payday and home loan customers could be eligible for a refund – even if they’ve already paid it back.

Some home loans from Provident and Greenwood, payday loans from Satsuma, and collateral loans from Glo were mis-sold to cash-strapped borrowers who couldn’t afford them.

If you took out a loan from one of these companies between April 6, 2007 and December 17, 2020, you could get a refund.

There are just a few weeks left to claim a share of a £50m compensation pot as the application window closes at the end of February.

You’re unlikely to get back the full amount owed to you, but your refund could still be worth hundreds of pounds.

Bad grades could also be erased from your credit report.

Submit your application by 5 p.m. on February 28.

Visit schema.providentpersonalcredit.com or call 08000 568 93 to make a complaint.

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Seth Brown: Seth Sleazy’s Rent to Buy Center | Columnists https://mihalismscript.com/seth-brown-seth-sleazys-rent-to-buy-center-columnists/ Mon, 31 Jan 2022 10:00:00 +0000 https://mihalismscript.com/seth-brown-seth-sleazys-rent-to-buy-center-columnists/ Friends, have you ever wanted to buy a sofa three times as expensive? Then I have good news for you! Sleazy Seth’s rent-to-own center offers a wide variety of appliances and furniture that you can buy for only three times their price, sometimes even more! A couch and loveseat that cost $850? How about $2,450! […]]]>

Friends, have you ever wanted to buy a sofa three times as expensive? Then I have good news for you! Sleazy Seth’s rent-to-own center offers a wide variety of appliances and furniture that you can buy for only three times their price, sometimes even more!

A couch and loveseat that cost $850? How about $2,450! A sectional sofa that sells for just under $1,000? Yours for only $3,200! We mark up the price for you and pass the savings on to our CEO! Pay just $30 a week now, and every week for the next two years. It’s like buying an expensive sofa and then paying for two more expensive sofas that you will never receive. Very practical if you don’t have room for three sofas!

People ask me how I got the idea, and it’s actually very simple. The stores with the best deals were offering “three for the price of one” sales, and I thought to myself, what would make the most money for me as a store owner?

Then it hit me: one for the price of three!

In six months you will have paid us the full price of the item, but then you will have to pay that full price again and then pay it again just for luck (ours, not yours) . And if you miss a few payments, even after paying more than the full cost, we’ll simply take the item back so you have nothing left, and resell it to someone else.

Now I know what you’re thinking, why should you incur a monthly debt to us that will ruin your finances by paying too much for furniture you can’t really afford? Well, that’s our business model! You pay the money, we still own the furniture! Can’t afford it? Of course you can’t! If you could, you’d buy it at a store where you only pay the list price or even less. But we’re happy to help you overpay for our furniture, by helping ourselves, with one of our many financial options!

Whether you need high-fee check cashing, high-fee cards, or expensive cash advances, anything that gets us all your money is a service we’re happy to provide! Don’t want to pay 12% APR (annual percentage rate) on your line of credit? Why not try our 400% APR payday loans? If you need to borrow $300, we’ll bill you $50 every two weeks until you owe us $1,200 by the end of the year.

Some critics have described Sleazy Seth’s Rent-To-Own Center as “a predatory lender that takes advantage of financially distressed customers by locking them into costly bonds that perpetuate a cycle of debt and prevent them from saving money. to improve their situation. .” But to these people, I say, “Nuh-uh! La la la la I can’t hear you!

And of course, you might be thinking, “If I can save some money, wouldn’t it be a lot cheaper to buy electronics somewhere else?” ” Probably! But for customers who have cash, we offer our special “Money Man” option, where you only pay TWICE the price of the item, as long as it’s paid off within a few months. Paying twice as much for something might not seem like a bargain, but keep in mind that compared to our regular contracts, it’s actually a lot!

So whether you’re looking to pay twice as much for a big-screen TV, three times as much for a recliner, or just want to borrow money at unethical fees, come to the rent-to-own center from Sleazy Seth, where we specialize in taking big bucks from the people who can least afford it.

Seth Brown is an award-winning humor author, the author of “My Toaster’s Disapproval”, and borrows issues. His website is RisingPun.com.

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Russians borrowed 3.9 trillion rubles from banks last year — RealnoeVremya.com https://mihalismscript.com/russians-borrowed-3-9-trillion-rubles-from-banks-last-year-realnoevremya-com/ Mon, 31 Jan 2022 06:00:00 +0000 https://mihalismscript.com/russians-borrowed-3-9-trillion-rubles-from-banks-last-year-realnoevremya-com/ The number of online loan applications increased 2.5 times and Kazan residents were the most interested in mortgages in the country Photo: Maksim Platonov About 3.86 trillion Russian rubles lent by banks last year, and this is only in the form of online applications, the number of which has increased dramatically — by 2.5 times. […]]]>

The number of online loan applications increased 2.5 times and Kazan residents were the most interested in mortgages in the country

Photo: Maksim Platonov

About 3.86 trillion Russian rubles lent by banks last year, and this is only in the form of online applications, the number of which has increased dramatically — by 2.5 times. Additionally, Kazan residents have shown an unprecedented increase in demand for mortgages and microloans – too many of them have become bogged down in lending. For what purposes the residents of the capital of Tatarstan and other cities most often asked for money, what housing they preferred to buy with borrowed funds and what insurance products they issued – read the details in the material from Realnoe Vremya.

Demand for mortgages has risen sharply among Kazan residents

In the conditions of the second year of the pandemic, high inflation and falling real incomes, Russians were 2.5 times more likely to apply online for credit assistance from banks. The total amount of money requested by the population was 3.86 trillion rubles. The average loan amount requested is 300,000 rubles. Most often, people borrowed money to make repairs, buy or change a car.

However, mortgages were also in high demand. The number of applications for the purchase of housing on credit increased by 23% over the year, and the residents of Kazan had no equal here. Residents of the capital of Tatarstan increased their interest in this service by up to 135%! The majority — 48% of users — preferred secondary housing, 22% — new constructions. Residents of Rostov-on-Don and Krasnodar were the least interested in the issue of housing in the country — here the number of those who wanted to take out a mortgage increased only by 27% and 20%, respectively. The average amount of a mortgage application in Russia averaged 2.8 million rubles.

The number of requests to purchase housing on credit increased by 23% over the year. Photo: Rinat Nazmetdinov

In their preferences for buying non-standard apartments, the residents of Kazan did not differ much from the average indicators of the country. Secondary housing was chosen by more than 46% of Russians, new — more than 22%, suburban — about 14%. But in the latter real estate segment, the interest of Kazan residents in a country house also rose sharply – by 138%, and in Russia as a whole – by 59%.

Explosive growth in interest in microloans

Additionally, residents of Kazan were 3.5 times more likely than other Russians to apply for microloans. The capital of Tatarstan is among the top 5 cities where in 2021 there was an increase in applications for micro loans. Thus, the number of residents of Kazan who applied to the bank for this service soared by 361%. But Novosibirsk is the leader in this rating – 395%, and Samara completes the top five – 330%.

Across the country, the number of people willing to take out fast credit increased by 170%. The amounts of microloans most frequently requested from Russians are 5,000 and 10,000 rubles, the so-called payday loans. In Kazan, these indicators are again several times higher than in the country. On average, residents of Kazan borrow from 25,000 to 31,000 rubles.

“That is, when people don’t have enough money at the end of the month, they take that loan and solve their problems. We have conducted extensive research on this audience, people just don’t have enough money for standard needs, to buy household items, and they solve their tasks in this way,” said Market CEO Sravni .ru, Sergey Leonidov, at a press conference. .

Cars of the VAZ, Toyota and Hyundai brands were most often insured in Russia

According to analysts, the pandemic has changed the financial habits of Russians — they have switched to an online format. “If a person lives in a small town, there are often few banks there. But he can apply for a loan or a deposit in a bank that is not even in his city – via the Internet, ”said Sergei Leonidov.

The experts also shared data on what has changed in the insurance market. The number of Kazan customers who have taken out mandatory liability insurance for vehicle owners increased by 173.3%. The number of comprehensive insurance policies purchased in the republic increased by 15.02%. The average age of an insured car in Russia is 10 years. VAZ, Toyota and Hyundai cars were most often insured. The average policy buyer age is 41.

Travel insurance was also requested. The number of travel insurances sold in Kazan increased by 135%. Most often, residents of Kazan bought policies for trips to Turkey, the United Arab Emirates and countries of the Schengen zone.

Emil Ziyangirov

Tatarstan

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Tired of loan sharks? Check out some CBN-approved payday loan offers https://mihalismscript.com/tired-of-loan-sharks-check-out-some-cbn-approved-payday-loan-offers/ Mon, 31 Jan 2022 05:09:33 +0000 https://mihalismscript.com/tired-of-loan-sharks-check-out-some-cbn-approved-payday-loan-offers/ Nigerians looking for a quick influx of cash to meet their expenses have various options to purchase the best loans according to their needs from licensed commercial banks.  Rather than going to loan sharks or borrowing from bad loans application sites, these payday loans offers can be great for you, especially if you are an […]]]>

Nigerians looking for a quick influx of cash to meet their expenses have various options to purchase the best loans according to their needs from licensed commercial banks.

Rather than going to loan sharks or borrowing from bad loans application sites, these payday loans offers can be great for you, especially if you are an employee.

Nairametrics reported that the Central Bank of Nigeria has told people in need of funds torefrain from borrowing from loan sharks and go to banks rather.

To access a loan for your business, the Governor of the Central Bank said that “you don’t need to know anyone, just go to the portal, fill in the form, submit your data. If your data is correct, you will be able to access the loans.

Read: Loan apps go gangster, send ‘shame’ messages to close contacts of defaulting debtors

Given Nigeria’s recent inflation figures of 15.63% (a riseohm 15.4% recorded in November 2021), it is understandable that the average salary can experience difficulty meeting day-to-day transitional obligations. Given the current economic situation situation, it would be prudent to look at loans that the average Nigerian can easily and affordably access rates.

Nairametrics reported that as many as 17 commercial bankshad approached the CBN seeking torestructure their loan portfolios due to adverse effects of the pandemic such as bank defaults. However, aAmid the risk, some banks are still giving out loans, especially payday loans.

Read: FCCPC to Investigate Illegal Practices and Violations of Rights in the Money Lending Industry

Here are some of the loan offers in Nigeria:

GTBank Quick Credit

Guaranty Trust Bank Plc offers the lowest monthly interest rate of 1.5%. There are no hidden fees associated with this financing. In other words, there are no costs associated with this loan in terms of management, legal or insurance. Another reason why working class Nigerians prefer GTBank loans is that they do not require collateral.

Also, GTBankit is ready fast insures salaried and self-employed customers up to N500,000 to N5 million at a monthly interest rate of 1.5%. Salaried customers can borrow between 10,000 and 5 million naira, while self-employed customers can borrow between 10,000 and 500,000 naira. Clients in both groups can repay their loans in 6 to 12 months. There are no hidden fees here.

Read: CBN on Watchlist for Recalcitrant Defaulters through GSI

UBA

United Bank for Africa Plc announced Click on Credit in February 2020, a term loan aimed at at to helping UBA clients meet their immediate financial demands. Customers eligible for this convenient loan facility can borrow up to N5 million. According to information on the bank’s website, the loan can be repaid in 12 months at a monthly interest rate of 2.5%. There are no hidden fees associated with this financing.

It is quite simple to apply for this loan. No paper is needed. You can use the bank’s USSD code or its online banking services to apply.

Zenith Bank Term Loan

Only salaried professionals with Tier 1 bank accounts are eligible for a Credit Zenith Bank Plcnm These consumers can borrow up to 60% of their monthly salary, but at a monthly interest rate of 2.16%. Borrowers must also pay a management fee of one percentage point.

Requirements include: account opening form, a photo ID of the authorized signatory, a letter of introduction from your employer on company letterhead and a staff ID card.

Access Bank Payday Loan

For payday loans, Access Bank Plc charges an interest rate of 4%, an administration fee of 1% (fixed) and a credit life insurance fee of 0.15% (fixed). Employees with Access Bank accounts can get up to 75% of their salary, or other amounts that Access Bank may authorize.

the payday Access Bank loan has a term of 30 days. Customers can use the bank’s electronic banking channels to apply, including their USSD code. The Borrower agrees to waive the 3 day cooling-off period to allow for disbursement.

Requirements:

  • Receipt of monthly salary (via payroll administration). Aat least 1 month’s salary must be received in the Borrower’s account at the Bank.
  • Complete the application via the banks electronic banking platforms including but not limited to USSD *901*11# chain, ATM, mobile banking app, online banking and QuickBucks app.
  • Automated confirmation of eligibility and visibility of last month’s payroll through a separate pre-approved customer database.
  • Acceptance of the offer via his electronic banking platforms including but not limited to *901*11#, ATM, mobile banking app, online banking and QuickBucks app.
  • Acceptance of the Terms and conditions.
  • Irrevocable domiciliation of salaries at the Bank.

FCMB Fast Cash

For Ccustomers of First City Monument Bank Ltd, fast loans of N100,000 and N200,000 are available. Loans can be accessed instantly via USSD code, according to information on the bank’s website, and no collateral is required. There is an interest rate of 8% monthly, plus a 1% management fee that would be paid upfront as soon as the loan is disbursed.

Fto eat

  • Instant access to funds
  • Up to N200,000 of loan amount
  • No paperwork required, just apply via mobile app or *329*11#
  • No collateral needed
  • Interest rate for employees is 8% while non-employees are 15% upfront fee
  • 30-day terms for new customers
  • Up to 90 days cleaning cycle for loyal customers
  • The client can apply as many times a year as he is qualified.

First bank

With First Bank’s Personal Loan Against Salary Service, you can repay your loan over a period of up to 36 months, subject to a retirement age of 60 and a flexible repayment plan. You are not required to provide a guarantor, and the processing time is fast. Minimal documentation is required, but no capital contribution is required. However, for the duration of the flexible repayment structure, your salary account must be domiciled with FirstBank.

To apply for a Personal Payday Loan, you will need the following documents:

  • Letter of application
  • Personal loan application form
  • Payslip
  • Balance sheet.
  • Letter from the candidate indicating the total emolument.
  • Confirmation of applicant’s employer on NBF approved list.
  • Irrevocable salary domiciliation letter for the duration of the facility.
  • Fill out the form and submit it to the nearestFirstBank branch.

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The Federal Reserve’s long-awaited CBDC report examines the pros and cons of state-backed digital currency https://mihalismscript.com/the-federal-reserves-long-awaited-cbdc-report-examines-the-pros-and-cons-of-state-backed-digital-currency/ Mon, 31 Jan 2022 04:01:07 +0000 https://mihalismscript.com/the-federal-reserves-long-awaited-cbdc-report-examines-the-pros-and-cons-of-state-backed-digital-currency/ The long-awaited report on the US Federal Reserve’s Central Bank Digital Currency (CBDC) has been released. With respect to a CBDC, the United States is proceeding with caution, explicitly stating that it is neutral on the subject and does not favor any particular outcome regarding the creation of a CBDC. However, the Fed recognizes the […]]]>

The long-awaited report on the US Federal Reserve’s Central Bank Digital Currency (CBDC) has been released.

With respect to a CBDC, the United States is proceeding with caution, explicitly stating that it is neutral on the subject and does not favor any particular outcome regarding the creation of a CBDC.

However, the Fed recognizes the benefits that a CBDC can bring to banking and payments settlement, as well as the hurdles that would need to be overcome before CBDC implementation becomes a reality.

Here are the key takeaways from the Fed’s “Money and Payments: The US Dollar in the Age of Digital Transformation” report. report.

The Federal Reserve recognizes that innovation in the banking and payment settlement space takes place periodically. There have been several advances in these markets that have been possible due to new technologies that have enabled innovation. The Fed believes that blockchain technology and digital currency can be one of those innovations that can improve the world of banking and payment settlement. The Fed has therefore explored the technology, its advantages and the disadvantages that come with it.

How a CBDC Can Improve America’s Banking and Payments Systems

The Fed knows that the banking and payment system can still be improved. Its report stated: “7 million, or more than 5% of American households, are still unbanked. [And] almost 20% more have bank accounts, but still rely on more expensive financial services such as money orders, check cashing services and payday loans.

The report notes that cross-border payments often come with high transaction fees as well as slow settlement times due to time zone differences.

“In the second quarter of 2021, the average cost to transfer funds from the United States to other countries was 5.41% of the notional value of the transaction. These high costs have a significant impact on households that carry out remittance transactions. The high costs of cross-border payments also affect small businesses that make infrequent global payments to suppliers. Reducing these costs could benefit economic growth, improve global trade, improve international remittances and reduce inequality,” he said.

Considering the native characteristics of most digital currencies, such as an almost instant payment settlement time, low transaction fees that are often less than a penny, the low barrier to entry given that most blockchain networks are public and the ability to program money, the Fed sees digital currency as a monetary tool that could reduce the number of unbanked or underbanked people in America while reducing the costs associated with sending money funds and cross-border payments.

“A US CBDC would provide the general public with broad access to digital currency without credit risk or liquidity risk. As such, it could provide a secure foundation for private sector innovations to meet current and future payment service needs and demands,” the Fed report said.

“A CBDC could generate new capabilities to meet the changing speed and efficiency demands of the digital economy. As noted above, for example, a CBDC could potentially be scheduled to make payments at certain times. Additionally, a CBDC could potentially be used to make micropayments — financial transactions that typically occur online and involve very small amounts of money — that traditional payment systems aren’t necessarily designed to facilitate.

the obstacles

Implementing a CBDC would create a whole new set of problems for both the central bank and residents of the United States. The creation of a CBDC would mean that a new form of currency would enter the economy, which would change the structure of the banking and payment settlement system. Experts at blockchain research firm nChain expect countries of all sizes and economic developments to now realize the benefits of blockchain technology and implement national digital currencies. Simit Naik, commercial and strategic director of nChain, noted: “Central banks have more clarity on their requirements and the benefits of using a public blockchain to provide a CBDC that is most like cash.”

For the Federal Reserve, the main concerns are that digital assets could worsen bank runs, reduce the availability of credit in financial markets, and have the potential to disrupt the current concentration of economic power.

“Because central bank money is the most secure form of money, a widely accessible CBDC would be particularly attractive to risk-averse users, especially during times of stress in the financial system. The ability to quickly convert other forms of money, including commercial bank deposits, into CBDCs could make runs on financial companies more likely or more severe. Traditional measures such as prudential supervision, government deposit insurance and access to central bank liquidity may be insufficient to prevent large outflows of deposits from commercial banks to the CBDC in the event of a financial panic,” did he declare.

“Banks currently rely (largely) on deposits to fund their loans. A widely available CBDC would serve as a close – or, in the case of an interest-bearing CBDC, almost perfect – substitute for commercial bank money. This substitution effect could reduce the overall amount of deposits in the banking system, which could in turn increase banks’ financing expenditures, and reduce the availability of credit or increase the cost of credit for households and businesses.

How to reduce the risks associated with CBDC

Fed references a paper from the President’s Working Group (PWG), which raises the same concerns about a CBDC as the Fed. The PWG report says the solution would be for Congress and lawmakers to create regulatory frameworks that would mitigate the risks associated with implementing a CBDC; however, the report acknowledges that there are currently gaps and uncertainty about who has the authority to regulate CBDCs.

The Fed seeks expert advice

Overall, the report indicates that the Federal Reserve has blockchain and digital currency on its radar and will continue to research these technologies until there is sufficient evidence that they are beneficial and ‘they should be implemented in the banking and payment system, or they are too risky and should not be implemented.

“The Federal Reserve will only take further steps to develop a CBDC if research indicates benefits to households, businesses, and the economy as a whole that outweigh the downside risks, and indicates that CBDC is superior to alternative methods. . Further, the Federal Reserve would only pursue a CBDC in the context of broad public and intergovernmental support,” the report found.

To catalyze this initiative and better understand CBDCs, The Fed seeks information of experts. It accepts comments on their specified set of questions until May 20, 2022.

Watch: US Congressman Bill Foster on Bitcoin Association Blockchain Policy Issues

New to Bitcoin? Discover CoinGeek bitcoin for beginners section, the ultimate resource guide to learn about bitcoin – as originally envisioned by Satoshi Nakamoto – and blockchain.

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