Finance – Aircraft Walkaround Fri, 27 May 2022 06:37:37 +0000 en-US hourly 1 Finance – Aircraft Walkaround 32 32 Oak Park Financial Guide: How To Get Installment Loans? Fri, 27 May 2022 06:37:37 +0000 We’ll take a look at different kinds of installment loans, how to obtain them, and the times the best time to use them to meet your borrowing requirements. Here’s what you should be aware of about installment loans.

What exactly is what is an installment loan?

The term “installment loan” refers to a specific amount of money borrowed that is returned with regular monthly installments over time. The interest is included in the payments, and the time it takes to repay the loan in full (the time period) could range between a few months and 30 years.

Many of the loans customers have the most experience with is installment loans. Here are some examples:

  • Mortgages
  • Auto loans
  • Personal loan
  • Student loans

Point-of-sale financing deals as well as “no credit check” emergency loans are usually made available in the form of installment loans as well.

How do you get an installment loan?

You can get the installment loan with just about any bank or credit union.

In certain instances, you might be able to obtain the installment loan directly from the firm you’re purchasing the product from, for example, your furniture or auto dealer retailer.

Then, they can avail short-term emergency installment loans. Payday lending shops are one of the most well-known places where borrowers can get quick cash. Payday loans are extremely costly and often charge interest rates of up to 400.

If you’re in need of emergency cash you might want to consider a Payday Alternative Loan (PAL) through the nearby credit bank first. PALs limit interest rates to 28% and do not take more than 20 dollars in fees.

What should you look for in an installment loan?

The first thing to consider when considering the installment loan is the interest rate that you’re given. Make sure you know if the rate is either fixed or variable. It is possible to obtain a lower initial rate with a variable rate loan, however, the rate may be increased in time.

If you are planning to repay the loan in a short time then a variable rate installment loan could save you money. If you’ll have to pay back for a long time you can lock in your interest rate using an interest-only loan could be the best route to move.

Check to see the charges for origination (if there are any) the lender is charging. Usually, origination fees are set at a certain percentage of the loan amount. However, loans for short-term duration may have an upfront fee instead. Look around to find lenders who charge reasonable rates, or perhaps no fees in any way.

Also, take into consideration the length of your term. The longer the period will mean more interest have to pay. However, a longer period is also likely to result in lower monthly payments. If you’re trying to save the most all-around, you should consider choosing the shorter term. If liquidity is the main goal, a longer term may be more appropriate.

How can you save money on an installment loan?

The interest rate you’re charged on your installment loan will be based on your credit score. Therefore, increasing your credit score prior to applying is among the most effective methods to cut down on the cost of an installment loan.

What can you do to increase the quality of your credit standing? Timely payment to all of the accounts on your credit account is a good beginning. In addition, lowering the credit utilization rate could help boost your score an immediate boost too. Also, regularly review your credit report for errors. If you spot errors, be sure to rectify the errors prior to applying to get the installment loan.

Another way to be eligible for better interest rates for installment loans is to improve your ratio of debt to income. For instance, paying off the balance on your credit cards or repaying your auto loan prior to when the time you make an application for a loan might affect the rate you’re being offered.

Another easiest way to save cash for the cost of an installment loan is to just pay it off quicker. Although installment loans have fixed monthly installments, the majority of lenders permit you to pay additional anytime you’d prefer. By repaying your loan prior to the date you agreed upon you can cut off some months or years of interest.

Are you a good candidate for the installment loan right for you?

If you’re interested in the notion of knowing precisely when the loan will be paid and when it will be paid off, the installment loan could be a good option. In addition, since they usually offer predictable monthly installments, installment loans can be more budget-friendly.

However, flexibility is the one aspect where installment loans fall short. After the funds are paid, you aren’t able to get any more money from an installment loan. So if you’re unsure of the amount of money you’ll require, a revolving line of credit might be the best option.

Citigroup announces new investment banking unit in green push Thu, 08 Apr 2021 02:38:38 +0000

(Reuters) – Citigroup Inc has announced that it will consolidate three of its investment banking groups into one in a bid to promote environmental sustainability, an area that has become critical for investors.

The new unit, which will be called Natural Resources and Clean Energy Transition Group, will be headed by Steve Trauber and Sandip Sen, according to a note seen by Reuters on Monday.

The unit will include the chemicals, energy and power franchises, the note from Tyler Dickson and Manuel Falcó, co-heads of Citi’s banking, capital markets and advisory business, showed.

Trauber will oversee the unit’s investment banking front, while Sen will be in charge of corporate banking, according to the memo.

In a March 1 blog post, Citigroup CEO Jane Fraser announced the bank’s commitment to achieve zero net greenhouse gas emissions by 2050. ( 3foQuVx)

The COVID-19 pandemic has sparked renewed interest in companies performing well on environmental, social and governance (ESG) goals.

Other leading institutional firms such as Mastercard Inc and HSBC have also pledged to achieve net zero issuance by 2050.

Last year, Citi launched a new business unit within its corporate and investment bank dedicated to ESG objectives.

(Reporting by Niket Nishant and Noor Zainab Hussain in Bangalore; editing by Shinjini Ganguli)

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TBS awards $ 25,000 to four TBS HBCU withdrawal grand prize winners Thu, 08 Apr 2021 02:38:26 +0000

Following Lance Big and Keshia Knight Pulliam’s exclusive revelation on “GMA 3: What you need to know Today, TBS is delighted to announce the winners of four grand prizes of $ 25,000. Impressed by the many innovative and thoughtful nominations, as well as the critical need to help black Americans alleviate student loans, TBS increased the number of recipients of three grand prizes from $ 25,000 to four – for a total of 100 $ 000.

Throughout Black History Month, TBS and Ambassadors Raw (“Star”, “MacGyver”) and Knight Pulliam (“The Cosby Show”, “House of Payne”), aims to empower recent historically black college and university graduates financially with its first ever interactive social media TBS HBCU Cash Out ™ competition. From February 8 to March 8, attendees creatively shared a 60-second video via Instagram, Twitter or YouTube on how attending an HBCU is helping them achieve their goals. White House Initiative on Educational Excellence for African Americans, “Black college graduates have almost $ 25,000 more in student loan debt: an average of $ 52,726 in student debt, compared to $ 28,006 for the typical white bachelor.”This year’s first TBS HBCU Cash Out ™ winners are:

  • Anastacia CC Davis: A self-proclaimed “multi-hyphenated creator” and filmmaker from East Chicago, Indiana, and a 2017 graduate with a Bachelor of Theater Arts degree from Alabama State University.
  • Emani nichols: Atlanta-based video director and multimedia reporter in Historically Black Newspaper and 2020 Morehouse College graduated with a bachelor’s degree in African studies.
  • Kevin Perry: Consultant for a global accounting firm based in Charlotte, North Carolina, and a graduate of Delaware State University Holder of a bachelor’s degree in accounting (2018) and an MBA in data analysis (2019).
  • Kalen Robinson: An aspiring Broadway star and a 2020 graduate of Howard University BFA in Musical Theater currently residing in Hyattsville, Maryland.

“I was moved, I laughed and I was inspired by the depth of these entries,” said Gross (Howard University). “These former HBCUs have gone above and beyond. I’m so proud of them!”

“I am so happy to have partnered with TBS for such an incredible opportunity, where we can continue to give back and make a difference in the lives of others,” said Knight Pulliam (Spelman College). “As an HBCU graduate, I understand the importance of education, as well as the importance of financial freedom and the TBS HBCU Cash Out ™ competition has been an opportunity to ensure both for those who will take over the torch and will lead our future. Congratulations to all of the winners. “To see the TBS HBCU Cash Out ™ winner reveal featuring Gross and Pulliam, please see below. To view all winning entries, please visit the Zoom Reveal TBS HBCU Cash Out ™ playlist.

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Irish unit of Bain Capital sues Greek bank over loans Thu, 08 Apr 2021 02:38:15 +0000

An Ireland-based unit of US investment giant Bain Capital sued Greek bank Piraeus in a € 34m action, claiming the Balkan institution breached guarantees when it sold a portfolio of loans unproductive to Irish society.

iraeus Bank defends the action in the High Court in London and insisted that the Irish company had no foundation and the Greek institution had no responsibility.

Bain entity, Dublin-based Amoeba Issuer, acquired a € 398 million portfolio of non-performing loans held by Piraeus in 2018. These loans had an original face value of € 1.95 billion. .

According to Piraeus, this sales contract included a clause that any complaint regarding loan guarantees must have been brought to Piraeus’ attention within 30 days of becoming aware of any alleged breaches. The Bain unit notified Piraeus of its claim in June of last year.

Amoeba Issuer claimed to have found errors in much of the loans he acquired under the Piraeus deal.

The Irish vehicle insisted that the guarantees given to it were false and inaccurate.

All of the loans acquired by Amoeba Issuer from Piraeus are real estate loans and all related to business assets in Greece. This was the first sale of nonperforming commercial property loans in Greece.

Amoeba Issuer’s 2019 accounts show that at the end of this year, the entity had € 368.6 million in financial assets at fair value and € 42.1 million in cash on its books.

At the end of 2019, there were 80 borrowers on all non-performing loans in the portfolio, up from 85 in 2018. There was one borrower who represented 25pc of the total portfolio value at the end of 2019, according to the accounts. , with no significant exposure of this type listed in 2018.

“The company mitigates the credit risk of issuers of financial assets through its investment manager, who continuously reviews and analyzes the company’s existing positions to attempt to negotiate repayments with borrowers, identifying issues as early as possible. start and take steps to liquidate the collateral and apply the proceeds of outstanding debt where applicable, ”the accounts note.

The accounts also show that of its € 42.1 million in cash held at the end of 2019, € 40.1 million was held with Ulster Bank and just under € 2 million with Piraeus Bank. .

Amoeba Issuer claimed in her case that she raised the alleged breaches of the guarantee twice with Piraeus Bank, and insisted that the Greek bank refused to respond to one of the claims, according to the legal information site Law360.

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Mobile payment options for your digital wallet Thu, 08 Apr 2021 02:38:03 +0000

Credit and debit cards have started a revolution. You no longer have to carry a checkbook or go to the appliance store with hundreds of dollars in cash to pay for that new washer. Yet they are not without problems.

We have become so used to giving our card to the waiter in a restaurant and having it brought back. This gives them ample opportunity to take your card on the back and steal your information if they choose. In other situations, machines can be compromised in order to give up your card numbers.

I am convinced that most of the employees are honest. Yet why take the risk?

New chip and pin technology makes things a little better. You need the card and your PIN code to complete a transaction. Things aren’t totally perfect when they can watch you type it, though.

New technology has made it possible to take the credit card out of the transaction altogether by taking advantage of something many of us would never let go of our hands: the modern smartphone.

Besides paying merchants, you can also pay your friends using a variety of services.

A modern store experience

Let’s start with a quick rundown of how it works before we go any further Although there is three major players in the mobile payment space, they all work pretty much the same from a user experience perspective.

Let’s say Joe brings his purchases to the counter. When they’ve been called and it’s time to pay, he pulls out his phone, selects the credit card he wants to use from his virtual wallet, and presses the phone against the terminal to pay, verifying the payment with a code. PIN or fingerprint.

How secure is it?

The short answer is very. Let’s start with the actual transaction mechanisms. In order to communicate between phones and registers, both Apple and Google use Near Field Communication (NFC). With Samsung, it supports both NFC and what’s known as Secure Magnetic Transmission (MST), which allows your phone to send a signal that emulates the passage of a physical credit card so that it is supported by the greatest number of cash registers.

Both technologies require the phone to be within an inch or two of the terminal, which helps prevent accidental transactions.

What does the merchant see at the time of the transaction? Not your credit card number.

In the case of Apple and Samsung, your card number is stored either in a secure location on the phone that is only used for payments, or securely in the cloud on a server where they are processed with providers. of payment. Tokenization creates a unique identifier for each specific transaction so that no one ever sees your card number.

Google’s Android Pay handles things a little differently. Your credit card information is stored in the cloud, but instead of using tokens, you have a virtual card number that the merchant sees. In order to make sure things are secure, Google sends a confirmation to the user that includes the amount you paid as well as the merchant’s name and number.

There is a fourth option that works regardless of which phone you have, but it’s a little less common. Some stores allow you to scan a QR code to use your PayPal account to pay for your purchase. If you use the PayPal service, you can pay in some stores by having them scan a QR code.

The inconvenients

This technology has certain drawbacks, mainly related to compatibility. Apple Pay only works on iPhone 6 and above. Android Pay only works on Android phones with KitKat 4.4 or higher. In addition, the phone must support NFC. Samsung Pay only works with Galaxy Note 5, Galaxy S6 and later.

Each of these is only supported by certain banks, but more are added all the time. Retailers are also slowly rolling out new point-of-sale terminals to take advantage of new technology, but by no means is that everywhere.

Pay your friends

Paying with your phone in a retail store might just be the start, but paying your friends on the go has really taken off. Let’s take a look at some of your options in this area.


While the following all do something similar, there is one pretty cool feature that Venmo provides.

The iOS and Android app has a social sharing feature that lets people see who you’ve paid and what the note line was. It’s optional and certainly not for all transactions, but I could see it useful among a group of friends.

I have a long and glorious history of never winning fantastic sports – rather, I’m in it for fun and companionship. Let’s say I want to pay my dues to Sean. My line of note to Sean and the league might say something about sacrifice money. Not only could this be a witty joke site, but it would be a great place to follow those who paid and encourage speed through peer pressure.

Let’s be social

Did you know that you can send money via Facebook and Gmail by clicking on the $ icon in messages? Enter the amount you want to send, and if your friend has a debit card connected to Google Wallet or Facebook, they can receive the money. There are no transaction fees.

PayPal and Square Cash

You can pay someone through PayPal using their cell phone number or email address. If they don’t have an account yet, they can create one to receive the money. It’s free if you link your bank account to PayPal.

Square Cash allows people to send money through their debit card at no cost. Businesses can also open an account and pay a 2.75% fee per transaction.


An interesting concept, Bitcoin is a fully digital currency. This means that if you convert your money to Bitcoin on one of its digital exchanges, the money can be used across borders no matter what country you are in without any additional conversions.

In practice, this has not been widely accepted by the general public. However, a guest on our recent podcast believes the encryption behind it might play a role in What’s next for FinTech.

What apps and systems do you use for mobile payments? Let us know in the comments.

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