Mechanical work – Morris Young Motors http://morrisyoungmotors.com/ Sat, 05 Nov 2022 00:38:44 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://morrisyoungmotors.com/wp-content/uploads/2021/10/icon-1.png Mechanical work – Morris Young Motors http://morrisyoungmotors.com/ 32 32 What disqualifies a candidate for a title loan? https://morrisyoungmotors.com/what-disqualifies-a-candidate-for-a-title-loan/ Sat, 05 Nov 2022 00:38:44 +0000 https://morrisyoungmotors.com/what-disqualifies-a-candidate-for-a-title-loan/ Why wouldn’t I qualify for a car title loan? There are two main requirements for a car title loan: First, applicants must have a certain amount of positive equity in their vehicle to borrow. Second, an applicant must demonstrate that they have the ability to afford a title loan and repay it. With these two […]]]>

Why wouldn’t I qualify for a car title loan?

There are two main requirements for a car title loan:

  1. First, applicants must have a certain amount of positive equity in their vehicle to borrow.
  2. Second, an applicant must demonstrate that they have the ability to afford a title loan and repay it.

With these two qualifications in mind, it is easy to understand what disqualifies a candidate for a title loan. The simple answer is that an applicant can be denied a car title loan if they don’t have enough equity in their vehicle to borrow, or if they can’t prove they can afford the loan. ready. If an applicant does not have a qualifying vehicle or income, they cannot receive the money they need through an online title loan.

But, what are the other reasons why an applicant may not be approved for a car title loan? Look more closely!

What can disqualify an applicant for a title loan?

So what disqualifies a candidate for a title loan? Before you can understand why a candidate may not be approved, it is important to understand how it works. Securities lending are short-term installment loans that allow you to use your car as collateral for financing. The car title is collateral for the loan, allowing you to access some of the equity in your car and turn it into cash.

Since the car is used as collateral for the loan, that is why the amount of equity is so important. The value of your car will determine your eligibility for the loan, as well as the potential loan amount. Typically, claimants can receive 25% to 50% of the value of their car, depending on:

  1. Their state of residence
  2. And their income/ability to repay the loan

Now that you know how title loans work, you may be able to understand how an applicant could be disqualified for a car title loan. Here are some of the main reasons a borrower could be disqualified:

  1. Their car does not have enough positive equity: Equity is the difference between the present value of the car and what is due. If you owe more than the car is worth, or if it is in poor condition, you may have negative equity and will not qualify for a car title loan.
  2. A lien is already placed on the car: If an applicant already has a lien on the car from an existing title loan, they may not be able to qualify for a title loan. However, if the applicant has only a few payments left, they may be able to get their current loan refinanced if they are not satisfied with their terms.
  3. Inability to repay the title loan: A borrower will need to have enough income for a lender to reasonably believe they can afford the loan. If a borrower is receiving disability benefits or is self-employed, they may still qualify for a car title loan, but they must have the confidence of the lender that they can afford it.

What do I need to qualify for a title loan?

If you are confident in your ability to repay a title loan, you may be wondering what you will need to qualify. Like any loan, you will need to provide some documents when you apply for the loan, which will notably prove your identity. Here’s what you’ll typically need to qualify for a car title loan:

  1. Proof of income through bank statements, pay stubs, etc.
  2. Proof of address by recent official mail, such as a utility bill

Now that I know what disqualifies a title loan applicant, how do I apply?

If you’re like most Americans, you appreciate the convenience of shopping online. You can do so much shopping online! Grocery shopping, buying clothes, and even buying a car can be done through your smartphone or computer. So why not apply for a car title loan online?

With some online securities lending options, it is possible to initiate your request via your smartphone or computer!

So why wait to see if you qualify for the financial assistance you need? With lending options like ChoiceCash Title Loans powered by LoanMart, you can access a convenient 3-step application process through your phone today. Just visit the website to get started and place your loan application online! Call 855-914-2945 to learn more about the title loan process and what you need to qualify.

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In a pinch? Here are the four loans you can get the fastest https://morrisyoungmotors.com/in-a-pinch-here-are-the-four-loans-you-can-get-the-fastest/ Sun, 23 Oct 2022 14:30:49 +0000 https://morrisyoungmotors.com/in-a-pinch-here-are-the-four-loans-you-can-get-the-fastest/ Image source: Getty Images When you’re in a bind and need cash fast, it’s important to know what your options are. There are different types of loans that you can get relatively quickly, depending on your needs. Before taking out a personal loan, it’s important to understand the different types of personal loans and find […]]]>

Image source: Getty Images

When you’re in a bind and need cash fast, it’s important to know what your options are. There are different types of loans that you can get relatively quickly, depending on your needs. Before taking out a personal loan, it’s important to understand the different types of personal loans and find the one that’s right for you. Here are four of the most common.

1. Credit cards

If you have good credit, you may be able to get a cash advance on your credit card. This is usually a quick and easy process, but it will come with high interest rates. So if you are able to repay the loan quickly, this could be a good option. Cash advances can be very useful in an emergency situation when you need money immediately.

Discover: These personal loans are the best for debt consolidation

More: Prequalify for a personal loan without affecting your credit score

Another benefit of using a credit card for a cash advance is that you may already have money available on your line of credit that you can use. This can be useful if you don’t want to take out a new loan or use other assets as collateral. However, using a credit card for a cash advance also has some drawbacks. First, as mentioned earlier, interest rates on cash advances are usually very high. This means that if you don’t repay the loan quickly, you could end up paying a lot of interest. Also, most credit cards have limits on how much you can borrow as a loan. So if you need a large sum of money, this might not be the best option.

2. Payday Loans

Payday loans are one of the fastest ways to get cash, but they come with high interest rates and fees. They’re usually only for small amounts of money, so if you need a lot of cash quickly, they’re probably not the best option. However, if you just need a little extra money to last you until your next paycheck, a payday loan might work. Payday loans are not ideal, Nevertheless. These are short-term, high-interest loans, usually due by your next payday in a single amount. Currently, 37 states regulate payday loans due to their high costs.

Payday loans are usually for $500 or less and are due on your next payday. Depending on state laws, people can get payday loans online or through a storefront lender. A typical two-week payday loan can have annual percentage rates (APR) as high as 400%. By comparison, credit card APRs can range from 12% to 30%. Payday loans should be considered an option of last resort.

3. Pawnbroker

Pawnbrokers are short-term loans secured by an object of value that people bring to a pawnbroker. As they are backed by the value of the object, they are cheaper than payday loans but are more expensive than a conventional loan. Pawnbrokers are regulated by the government. This type of loan is ideal for people who need cash quickly without a credit check.

Loan terms vary by pawnbroker. People can use valuables, such as jewelry or electronics, to get a loan based on the value of the item. No credit check is required. Those who may not qualify for a traditional loan can consider a pawnbroker. Once the loan amount is paid off, you will receive your items. If you don’t pay it back, the pawnbroker can seize the secured items.

4. Securities Lending

Title loans are another quick way to get cash. They are short lived secured personal loans supported by your car. Financial institutions put a lien on your car. If you are unable to repay the loan, they can seize your car, as it is used as collateral. Title loans generally do not consider your credit and can be approved quickly. However, a title loan is very expensive, with an APR of around 300%.

These are four of the most common types of loans that you can get relatively quickly. Consider which one best suits your needs and compare interest rates and fees before you apply. Understand how these personal loans work can help you make a smarter decision.

The Ascent’s Best Personal Loans for 2022

Our team of independent experts have pored over the fine print to find the select personal loans that offer competitive rates and low fees. Start by reviewing The Ascent’s best personal loans for 2022.

We are firm believers in the Golden Rule, which is why editorial opinions are our own and have not been previously reviewed, approved or endorsed by the advertisers included. The Ascent does not cover all offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

]]> Best loans without credit check in 2022 https://morrisyoungmotors.com/best-loans-without-credit-check-in-2022/ Fri, 14 Oct 2022 17:38:00 +0000 https://morrisyoungmotors.com/best-loans-without-credit-check-in-2022/ Financial emergencies can happen at any time. Certain financial problems can wipe out your accounts and leave you with huge debts. However, the best way to solve these financial problems is to take out a loan. Applying for loans from banks, credit unions, or microfinance can be a good idea, but you need a good […]]]>


Financial emergencies can happen at any time. Certain financial problems can wipe out your accounts and leave you with huge debts. However, the best way to solve these financial problems is to take out a loan.

Applying for loans from banks, credit unions, or microfinance can be a good idea, but you need a good to excellent credit score to get approved for credit. Also, conventional institutions have a lengthy loan application process.

However, with the help of reliable lending companies, you can get finance within 24 hours. Here is an overview of the 10 best lending platforms to consider whenever you need quick financial help;

  • WeLoans – Best loans without credit check overall.
  • CocoLoan – Best Loans No Credit Check with Fast Approvals.
  • iPaydayLoans – Best lending platform to work with trusted lenders.
  • Problematic loans in the United States – Best loans without credit check with competitive rates.
  • American Installment Loans – Best No Credit Check Loans with Swift Funding
  • US securities lending – Best unsecured loans no credit check.
  • Quick Securities Lending – Best lending platform for quick feedback.
  • Easy payday loan – Best platform with easy loan application.
  • UnityLoan – Best lending platform for data security and privacy.
  • honest loans – Ideal for loans without credit check with guaranteed approval.

WeLoans – Best Loans No Credit Check Overall

There are very few lenders that can process and fund your loan within 24 hours. It’s also difficult to qualify for loans from conventional lenders if you have a bad credit rating. However, choose WeLoans ensures you a quick financial solution. In addition, you also benefit from loans at competitive rates and reasonable repayment terms.

WeLoans works with a wide range of lenders who have friendly loan terms for applicants with bad credit scores. Moreover, the company has a simple loan application process with little paperwork. You can use an internet-connected device to apply for loans without credit checks at any time. Lenders on this platform make loan decisions quickly and you can get the funds even within the same day.

Advantages:

  • Simple loan application process.
  • Lending platform accessible on all internet-connected devices.
  • Competitive rates on loans without a credit check, even for applicants with poor credit scores.
  • No service fees for using the WeLoans platform.

The inconvenients:

  • Loans without a credit check can have a short repayment term and higher interest rates.

Apply for a no credit check loan with same day approval via WeLoans today!

CocoLoan – Best No Credit Check Loans with Fast Approvals

CocoLoan is one of the best loan companies with an excellent reputation for helping applicants with bad credit obtain financing. The company has partnered with US-based lenders to provide different types of no credit check loans to all applicants, including those with excellent, good, fair, and bad credit scores.

This company’s network leaders use soft credit checks to pre-qualify applicants for loans, which doesn’t hurt your credit scores. So even if you don’t qualify for loans, your credit ratings will be safe.

Applicants are not required to list any guarantors or assets to secure the loans. You can apply for a loan without a credit check even unemployed because lenders are mainly concerned with your ability to repay the money and the interest rates on time.

So, they will check your monthly income, income-to-debt ratio, and other key details to determine your credit eligibility. Loan amount, interest rates and loan repayment terms are determined by individual lenders based on your creditworthiness.

Advantages:

  • Lenders approve loan applications as quickly as minutes.
  • The loan company has excellent customer support services.
  • Funds are transferred to your bank account within 24 hours of signing the loan agreement.
  • Applicants with good credit scores may qualify for loans without credit checks.

The inconvenients:

  • Some lenders charge incredibly high APRs on no credit check loans.

Submit your loan application through CocoLoans today to enjoy instant approvals.

iPaydayLoans – Best Lending Platform with Trusted Lenders

With an easy-to-navigate lending platform, you can apply for no credit check loans in minutes via iPaydayLoans. There is no lengthy loan application process, you can complete the online loan application form in minutes. Plus, the easy-to-fill loan application form will guide you on what information to provide.

iPaydayLoans has an extensive network of lenders, so you may receive multiple credit offers. Compare offers to find the most reasonable no credit check loan offer. The loan company’s website has more than enough educational content to help you understand the no credit check loan products offered.

Additionally, iPaydayLoans uses next-generation technology to ensure maximum privacy and data privacy. No unauthorized company or person can access your personal or financial information.

Advantages:

  • Loan services are available 24 hours a day, 7 days a week. So you can submit your loan application at any time.
  • No loan origination or processing fees are charged.
  • Loans are approved quickly and funds are deposited into your bank account the next business day.
  • High approval rate for no credit check loans.
  • Competitive rates and friendly loan repayment terms.

The inconvenients:

  • Lending services are limited to certain states in the United States.

Take no credit check loans through iPaydayLoans for fast guaranteed funding.

FAQs

1. How easy is it to apply for no credit check loans?

It all depends on the choice of lender and your creditworthiness. If you apply for a loan without a credit check from the loan companies recommended in this article, it’s a piece of cake. However, some lending institutions have a long loan application process and difficult conditions to meet. It may take you weeks or a month to get your loan approved.

2. Will taking loans without a credit check hurt my credit rating?

More loan without credit check lenders perform a soft credit check, without affecting your credit scores. These lenders report to major credit bureaus. So, if you default on loans without credit checks or make late repayments, it will hurt your credit scores. Minimize your chances of accessing credit in the future.

3. What will prevent you from obtaining personal loans?

Different factors can cause lenders to refuse your personal loan application, such as;

  • Does not meet the set requirements.
  • Having too many active loans, a high income-to-debt ratio, or too low credit scores.
  • Low monthly income and a short credit history can also disqualify you from personal loans.

Conclusion

Loans without a credit check offer the best financial solution for applicants with credit scores ranging from fair to bad. These loans have easy to meet requirements, giving all applicants a fair chance of securing funding. With the best lending companies reviewed above, you can get instant approvals and funding within 1-3 business days. Visit the companies’ websites to learn more about no credit check loan products and how to apply.

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Should I take out a personal loan? 3 things to consider https://morrisyoungmotors.com/should-i-take-out-a-personal-loan-3-things-to-consider/ Mon, 03 Oct 2022 14:35:00 +0000 https://morrisyoungmotors.com/should-i-take-out-a-personal-loan-3-things-to-consider/ The advantages of taking out a personal loan are many. Getty Images As inflation continues to limit consumers’ purchasing power, many people are turning to credit to pay bills and emergencies. But while getting into debt is sometimes the only option, there are ways to limit the amount of interest you end up paying. One […]]]>
Personal loan
The advantages of taking out a personal loan are many.

Getty Images


As inflation continues to limit consumers’ purchasing power, many people are turning to credit to pay bills and emergencies. But while getting into debt is sometimes the only option, there are ways to limit the amount of interest you end up paying.

One of the best options is to take a Personal loan. Personal loan interest rates are lower than some other forms of credit. And they are a reliable way to cover certain expenses.

If this sounds like something you could benefit from, you can start the process now.

In this article, we explain what a personal loan is and why you might want to get one.

What is a personal loan?

A personal loan is an unsecured loan, which means there is no collateral behind the loan. You can use a personal loan for several different reasons, such as home improvement projects, emergency expenses, or debt consolidation.

Personal loan amounts range from $2,000 to $100,000, depending on the lender, your credit score and other factors. Repayment terms range from two to seven years.

3 reasons why you could take out a personal loan

The recent rise in interest rates has had a slight impact on personal loan interest rates. But if you have excellent credit, you may still qualify for a low rate. Read below to understand some of the best reasons to use a personal loan.

May be cheaper than other types of credit

Many borrowers resort to personal loans because they are often cheaper than using credit card. For example, the average credit card APR in 2022 is 16.17%. But if you have good credit, you might qualify for a personal loan with single-digit rates.

Here’s how much you could save using a personal loan. Let’s say you have a balance of $10,000 on a credit card with an APR of 16%. If you take out a personal loan with an interest rate of 7% and a term of five years, you could save $4,719 in total interest over the life of the loan.

Top lenders offer rates as low as 4.99% APR, but you’ll likely need a credit score of 760 or higher to qualify.

Plus, it’s easy to go through the application process. Some loans are even disbursed within days. Get money in a lump sum once in a while, then pay it back monthly.

Can repay other loans

A personal loan can be more flexible than short-term loans like payday loans and title loans. These loans have fast repayment terms, often in a month or less. However, if you opt for a personal loan, you can opt for a much longer repayment term with more manageable monthly payments.

If you have a large credit card balance, paying it off with a personal loan can also improve your credit. When you have a credit card, the credit bureaus calculate how much credit you are currently using. This is called your credit utilization rate, which is 30% of your credit score.

When you have a large balance on a credit card, you may have a high credit utilization rate which could hurt your credit score. However, if you can pay off that balance with a personal loan, you can improve your credit score while paying less total interest.

Can help you consolidate multiple loans

One of the main reasons consumers take out a personal loan is to consolidate multiple loans into one loan. This strategy allows borrowers to simplify their repayment process.

For example, if you had a balance on three different credit cards, you could pay them off with one personal loan. Then you would only have one monthly payment to worry about.

Having fewer monthly payments to manage could help you avoid late fees and additional interest charges.

There are three main advantages to debt consolidation loans:

  • You can potentially get a low rate. As mentioned above, personal loan rates are generally better than what you would get with a credit card. A debt consolidation loan could help you pay off your debt at a lower cost.
  • This can increase your credit score. After a series of one-time payments on the loan (and assuming you don’t accumulate debt elsewhere), you will begin to improve your credit.
  • There is an end date. With a debt consolidation loan (unlike credit cards), there is a fixed repayment date so the borrower knows exactly when they can stop paying. So even if the debt you have consolidated is significant, you will at least know exactly when it will be eliminated.

This is not an exhaustive list. There are many other benefits to taking out a personal loan, some of which are specific to your personal financial situation.

If you’re considering this unique opportunity, it’s best to speak with a lender to determine what you qualify for and how quickly you can get paid.

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Strange bedfellows call on CFPB to enact broader participation rule for personal loans https://morrisyoungmotors.com/strange-bedfellows-call-on-cfpb-to-enact-broader-participation-rule-for-personal-loans/ Tue, 27 Sep 2022 19:17:38 +0000 https://morrisyoungmotors.com/strange-bedfellows-call-on-cfpb-to-enact-broader-participation-rule-for-personal-loans/ The Center for Responsible Lending (CRL) and the Consumer Bankers Association (CBA) have filed a joint petition with the CFPB that urges the Bureau to engage in developing rules to define the biggest players in the personal loan market. In February 2022, the CFPB established a new procedure for members of the public to submit […]]]>

The Center for Responsible Lending (CRL) and the Consumer Bankers Association (CBA) have filed a joint petition with the CFPB that urges the Bureau to engage in developing rules to define the biggest players in the personal loan market. In February 2022, the CFPB established a new procedure for members of the public to submit petitions for rulemaking (including changes to or repeals of existing rules). The petition has been registered by the CFPB. Under the new CFPB procedure, registered requests will receive a final response from the CFPB. (The ABC previously sent a letter in October 2021 to incoming director Chopra in which it urged the CFPB to adopt a broader participation rule for fintech consumer lenders.)

In their petition, CRL and CBA describe the consumer credit market as consisting of five segments: mortgages (including home equity loans and HELOCs), credit cards, auto loans, students and “other personal loans“. They describe the category of “other personal loans” as encompassing three types of loans which may be secured (other than by real estate interest) or unsecured: short-term installment loans (generally lasting from three months to year), longer-term loans and revolving lines of credit. Secured loans in this category include loans intended to finance the purchase of durable goods (such as a household appliance or mobile home) and loans backed by security over an existing asset of the borrower (such as a vehicle).

CRL and CBA note that in 2015, the Bureau announced in its regulatory agenda that it planned to develop a proposed rule to define large non-bank participants in the personal loan market, including installment loans. consumer and vehicle title loans, and reported in its Spring 2017 Regulatory Agenda report that it was working on such a rule. However, as they also note, the Bureau under former acting director Mulvaney reclassified rulemaking as inactive in its spring 2018 regulatory agenda and has not spoken on the matter since.

Reasons set out in the petition why the Bureau should resume rulemaking for larger participants include:

  • A rapidly growing personal installment loan market, particularly as a result of changes in state law that effectively ban payday loans;
  • A significant portion of consumers who use other personal loans, especially consumers who obtain such loans from non-bank institutions, tend to be economically vulnerable consumers who cannot obtain credit through credit cards or HELOCs. , have exhausted their available credit or have incurred such debt that they need to refinance a credit card or HELOC;
  • Substantial growth in fintech targeting the subprime market and offering loans that consumers are struggling to repay;
  • The current regulatory regime creates an uneven playing field with CFPB-supervised banks and a significant risk that consumer protection issues affecting vulnerable consumers will go undetected; and
  • Risk-based supervision, because of the need for firm-specific findings, is not an adequate substitute for a higher participation rule in a market with a substantial number of significant participants.

In their petition, CRL and CBA recommend that the personal loan market be defined as follows:

Creation or management of closed or open lines of credit payable in installments and provided to consumers for personal, family, or household purposes other than loans secured by real estate, loans for post-secondary education as defined in 12 CFR 1090.106 (a), or automobile purchase or refinance loans as defined in 12 CFR 1090.108(a).

Regarding their recommendation that the Bureau cover both closed installment loans and open lines of credit, CRL and CBA state that “there is an ongoing debate as to whether [buy-now-pay-later (BNPL)] the loans are fixed principal loans or variable principal lines of credit” and state that “[g]Consolidating closed and open loans in the definition of a single market for personal loans will avoid potential inconsistencies with regard to the supervision of the Office and avoid potential uncertainties with regard to the coverage of BNPL loans.

Regarding their recommendation that the market be defined to cover both the origination and servicing of personal loans, CRL and CBA point to bank/fintech partnerships. Calling “questionable” the assertion that the bank in such partnerships is the true lender, they argue that it is clear that the non-bank partner is a covered person providing a consumer financial product or service in its role as loan manager. According to CRL and CBA, defining the market to cover services and origination “will ensure that these noncustodial fintechs, if large enough to meet the higher participation threshold, are subject to Bureau oversight at least relates to its service activities, including its billing activities, collection and provision of data to consumer reporting agencies. »

In August 2022, eight national trade groups filed a petition with the CFPB that urged the Bureau to engage in developing rules to define the largest participants in the data aggregation services market.

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How Students Can Spend Less and Save More | Ask the Experts https://morrisyoungmotors.com/how-students-can-spend-less-and-save-more-ask-the-experts/ Sat, 24 Sep 2022 03:09:00 +0000 https://morrisyoungmotors.com/how-students-can-spend-less-and-save-more-ask-the-experts/ Going to college is exciting. In fact, many people describe their undergraduate years as the best four years of their life. However, for some, it is also a difficult time financially. Even if you are able to hold a full-time or part-time job, you still have to pay for books, tuition, housing, and more. Fortunately, […]]]>

Going to college is exciting. In fact, many people describe their undergraduate years as the best four years of their life. However, for some, it is also a difficult time financially. Even if you are able to hold a full-time or part-time job, you still have to pay for books, tuition, housing, and more. Fortunately, however, there are plenty of strategies students can use to spend less and maybe even save a little too.

Don’t pay for things you don’t need

They say nothing is free in this world, but that’s not necessarily true. In fact, if you’re a student, there’s actually quite a bit you can get for free. And, if you are struggling financially, it is certainly wise to take advantage of these things. Whenever you buy something, always ask if there is a student discount and be prepared to show your student ID. You’ll often get discounted prices on everything from movie tickets to car insurance. Plus, there are plenty of things you could enjoy for free, such as:

Feel free to ask other students about free offers in your area or do a little research on your own. You will probably be surprised at the free and discounted products and services you are missing.

Ignore brand new textbooks

The exorbitant prices of textbooks have long been a major scourge for students. But, thankfully, many colleges are ditching textbooks or at least reducing their reliance on them. If you’re not sure where your school stands, at least wait until you buy your textbook after the first day of class. Your teacher might just tell you that textbooks aren’t strictly necessary. And, if they are, there are still ways to save. You can often buy used textbooks online or at a retail outlet for a fraction of the price. There are also services that offer textbook rental. Also, your college bookstore or other area stores might be willing to buy back your lightly used textbooks. So, if you are forced to shell out the full price, take care of those manuals so you can benefit from them later.

Consider a loan

While these money saving tips can certainly be helpful, they may not be enough for all students. If this applies to you, there are other options available, including a loan. In fact, if you own a car, you may qualify for a car title loan. These loans allow you to use your vehicle as collateral and usually provide quick financing when you need it most. If this sounds good to you, just do a quick search for car title loans near me. You can also research other types of loans, including those specifically for students and tuition.

If you’re struggling to make ends meet as a student, know that you’re not alone. But, at the same time, do your part to improve your financial situation. Also, if you manage to save some money, at least put some aside for a rainy day or just for the future in general. After all, the sooner you start saving, the sooner you can start down the road to financial security.

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Capital City Chamber conference focuses on financing challenges https://morrisyoungmotors.com/capital-city-chamber-conference-focuses-on-financing-challenges/ Fri, 23 Sep 2022 13:57:03 +0000 https://morrisyoungmotors.com/capital-city-chamber-conference-focuses-on-financing-challenges/ This year’s Advantage conference brought together many financial institutions under one roof to hear about the challenges faced by minority-owned businesses while raising capital. The Capital Chamber of Commerce hosted the two-day conference which included panel discussions on upcoming developments in Tallahassee and opportunities for entrepreneurship education. However, the central theme was funding and the […]]]>

This year’s Advantage conference brought together many financial institutions under one roof to hear about the challenges faced by minority-owned businesses while raising capital.

The Capital Chamber of Commerce hosted the two-day conference which included panel discussions on upcoming developments in Tallahassee and opportunities for entrepreneurship education.

However, the central theme was funding and the need to do more to bridge the gap that small businesses face while securing funds for their respective operations.

Katrina Tuggerson, President of the Capital Chamber of Commerce

Previously:Could ‘hidden workers’ help Tallahassee’s workforce woes? The chamber forum explores the subject

“Invest early”:Childcare, labor challenges spark discussion at Tallahassee chamber conference

It was also a call to action for banks and credit unions to review their practices and understand the limitations some potential customers may have and what can be done to reach 7% of households in the United States. States that are considered “unbanked” or “underbanked”. meaning no household member has a checking or savings account at a bank or credit union. These people use alternative financial services such as person-to-person apps like CashApp, payday lenders, car title loans, check cashing facilities, and pawnshops.

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Get Immediate Cash Flow with Vancouver Car Title Loans (855) https://morrisyoungmotors.com/get-immediate-cash-flow-with-vancouver-car-title-loans-855/ Tue, 20 Sep 2022 13:00:15 +0000 https://morrisyoungmotors.com/get-immediate-cash-flow-with-vancouver-car-title-loans-855/ Like most people, you don’t know when your next paycheck will come. Maybe your job is on the line, or maybe you just faced some emergency expenses that left you in a sticky situation. If you need cash fast, Car Title Loans Vancouver may be the answer! Car title loans offer an easy way to […]]]>

Like most people, you don’t know when your next paycheck will come. Maybe your job is on the line, or maybe you just faced some emergency expenses that left you in a sticky situation. If you need cash fast, Car Title Loans Vancouver may be the answer!

Car title loans offer an easy way to access cash; all it takes is a quick application, and it all happens quickly and easily.

What are the advantages of car title loans that Vancouver has to offer?

1. Prompt payment

Many people find that they need money ASAP. With Car Title Loans Canada, you get money fast. The process is smooth and effortless, and it’s quick cash you can use to help make ends meet in a snap!

2. Easy application process

Because the entire application process is online, it’s quick and easy. Filling out paperwork and queuing to apply at a bank or elsewhere is pointless, fair. Complete the online application. It’s quick and easy, hassle-free!

3. Fewer documents required

In most cases, you do not need to carry receipts or other documents. With Car Title Loans Canada, there are no unnecessary paper trails to follow. All you need are the documents related to the vehicle for which you are applying for a loan.

4. Easy loan process

If you get car title loans, the application processing will only take a few minutes. In most cases, you don’t need to queue – you can start your application from the comfort of your home and receive your receipt by email in just minutes!

5. No credit check required

Many people are denied loans because of their credit rating. With car title loans in Vancouver, BC, it doesn’t matter if you have great or bad credit. All you have to do is provide the necessary documents for financing and your car title loan is good to go!

6. Take advantage of low interest rates

When applying for car title loans in Vancouver, BC, you can choose from low and fixed interest rate options. The value of your vehicle determines the interest rate to choose the one that suits you best.

Documents Needed to Get Approved for Car Title Loans

1. Your legal age certificate must be 18 or older.
2. You must have a vehicle (car, truck, van, SUV or motorcycle) that is no more than TEN (10) years old.
3. Your vehicle’s clear title is registered in your name.
4. Collision and comprehensive insurance on your vehicle.
5. The vehicle must be registered and insured in your name.
6. Driving license.
7. Must be a resident of Vancouver, BC

Why should you consider car title loans online?

Car Title Loans BC is effectively a safe and quick way to get cash without having to go to a bank or lending company. Although you know how to get a loan from a bank, you don’t yet have the skills or experience to apply for a car title loan. The application process is also long and complex, and it can take weeks before you are approved.

Online car title loans, on the other hand, are easy to use and straightforward. There are no unnecessary complications and you will have your money just hours after applying. They’re ideal for anyone who needs cash fast, and you can use them to help make ends meet until your next paycheck arrives.

Get Your Money Easy with Vancouver BC Car Title Loans

All you need to get the money you need with Car Title Loans Online is an app and a vehicle with a clear title. Everything else can be taken care of easily online without hassle or hassle.

The application process is simple and there are no complicated forms or lengthy processes to complete. Everything you need to complete the application is available through a simple and user-friendly interface, allowing you to fill in all the required information.

All you have to do is fill in your vehicle information and choose your loan type. In most cases, you must provide a copy of your vehicle insurance. You will be asked to choose if you have a bad credit history. You can apply using a standard loan or choose a Bad Credit Car Title Loans Vancouver.

With no bureaucracy or cumbersome process to complete, car title loans in Vancouver, BC are quick and easy.

Conclusion:

Car title loans in Vancouver, BC can be a great way to get cash right away. The application process is simple and you won’t have to fill out unnecessary paperwork. In most cases, you will receive your money within 24 hours of requesting it.

Applying for a loan online is quick and easy, and you won’t have to spend a lot of time or endure long periods of waiting to get approved.

For more information
Car title loans: www.canadiancashsolutions.com

Auto Title Loans Ontario: www.canadiancashsolutions.com/area-served/ontario

Vancouver Car Title Loans: www.canadiancashsolutions.com/title-loan-vancouver

BC Car Title Loans: www.canadiancashsolutions.com/area-served/british-columbia

Kamloops Car Title Loans: www.canadiancashsolutions.com/area-served/kamloops

Auto Title Loans Ontario: www.canadiancashsolutions.com/area-served/ontario

Victoria Car Title Loans: www.canadiancashsolutions.com/area-served/victoria

Brampton Car Title Loans: www.canadiancashsolutions.com/area-served/brampton

8377 200-375 Water Street
Vancouver, BC V6B 0M9
604-359-1125

Canadian Cash Solutions works with various businesses across Canada to offer a variety of loans and financial options. We shop around to make sure you get the best deals and deals in Canada.

This press release was published on openPR.

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Banks and consumer advocates want CFPB to police non-bank personal lenders https://morrisyoungmotors.com/banks-and-consumer-advocates-want-cfpb-to-police-non-bank-personal-lenders/ Thu, 15 Sep 2022 22:24:00 +0000 https://morrisyoungmotors.com/banks-and-consumer-advocates-want-cfpb-to-police-non-bank-personal-lenders/ Two rare allies — a consumer group and a banking trade association — are urging the Consumer Financial Protection Bureau to begin regulating large fintech lenders that provide installment and other types of personal loans. Director of the Consumer Financial Protection Bureau Rohit ChopraCFPB The Center for Responsible Lending and the Consumer Bankers Association on […]]]>

Two rare allies — a consumer group and a banking trade association — are urging the Consumer Financial Protection Bureau to begin regulating large fintech lenders that provide installment and other types of personal loans.

Director of the Consumer Financial Protection Bureau Rohit Chopra

CFPB

The Center for Responsible Lending and the Consumer Bankers Association on Thursday asked CFPB Director Rohit Chopra to draft a rule that would expand the agency’s jurisdiction to include such lenders, which the groups say should be subject to to the same rules as the big banks and credit. unions.

“While our views on consumer financial regulatory issues often diverge, CRL and CBA share a common belief that the lack of a rule defining large participants in the personal loan market has created an uneven playing field. and a significant risk to consumers that the Bureau can and should resolve through broader participant regulation,” the letter states.

The CFPB had previously considered expanding its scope in 2017, when the agency said in its agenda that it was “currently working on a proposed rule that would define ‘large participants.’ non-banks in the personal loan market, including consumer installment loans and vehicle title loans.” In 2018, however, the agency under the Trump administration categorized the rulemaking as ” inactive”.

The groups have called on the CFPB to re-examine regulations as the number of fintech firms targeting subprime customers grows. Banks have long complained that non-fintech banks aren’t subject to the same kind of strict oversight as they are.

“The current regulatory regime creates both a level playing field and a significant risk that consumer protection issues affecting vulnerable consumers will go undetected,” according to the letter. “Banks with assets exceeding $10 billion are, of course, subject to CFPB oversight, while non-custodians offering the same products – or risky products – are not subject to oversight. This means that the Bureau does not have the same window into the practices of these non-custodians as it has with respect to custodians.”

The groups also call the buy now/pay later market, which they say is confusing because it is sometimes unclear whether BNPL companies offer closed-end loans. Chopra pledged to apply consumer protection laws to BNPL businesses at a press conference held earlier this week.

“We recommend that the Bureau cover both closed installment loans and open lines of credit,” the groups said. “In truth, the boundary between these two products is often indistinct: lenders who offer what, in form, are closed-end loans, generally encourage consumers, when repaying their loan, to re-borrow at least until up to the amount of the original loan, such as an open-ended line of credit, while open-ended loans can be structured so that each drawdown is repayable in fixed installments over a fixed term, thus closely resembling a loan to undetermined duration.”

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Quiet Confessions About Options Trading, Rental Real Estate, Crypto – My Money Blog https://morrisyoungmotors.com/quiet-confessions-about-options-trading-rental-real-estate-crypto-my-money-blog/ Thu, 15 Sep 2022 08:44:34 +0000 https://morrisyoungmotors.com/quiet-confessions-about-options-trading-rental-real-estate-crypto-my-money-blog/ People are usually very eager to share their stories of incredible wealth and wealth. If you bought Apple in the early years or Bitcoin at $40, why not mention it at a party? People are generally much more discreet about their failures. But you can find such admissions thanks to the anonymous nature of social […]]]>

People are usually very eager to share their stories of incredible wealth and wealth. If you bought Apple in the early years or Bitcoin at $40, why not mention it at a party? People are generally much more discreet about their failures. But you can find such admissions thanks to the anonymous nature of social media. Reading these confessions can hopefully provide a clearer perspective of the potential dangers.

Options trading. Meme stock mania was born when people learned about the power of leveraged positions, but others ended up being the joke instead.

How do you get $100,000? You start with $700,000 and do a bunch of aggressive options trades: My losses, your gains. My unhappy journey so far.

It’s not even the worst. The user admits in the comments (verified by his previous post history) that he ended up borrowing $200,000 at 10% interest:

Unfortunately I lost in the options. I borrowed money and now I’m paying 10% on 200k.

Assuming this is the full picture they are negative $100,000 and the juice is still flowing.

Rental real estate. Many people build wealth over time with rental real estate, but things can always go wrong. No landlord rents to a squatter whom he has to evict on purpose: Lessons from an accidental former owner…

While I’ve seen many topics about renting as part of a FIRE strategy, I’ve rarely seen comments from experienced landlords that describe the challenges or negative outcomes that can come with being a landlord.

I sold my rental property a few months ago, ending my 11 year tenure as an accidental landlord. I thought it would be a good time to contribute my experience. And before all the “rental tycoons” show up to shit on this post, let me make it clear that I don’t claim to be an expert. Looking back, there were a lot of things I would have done differently/better. However, I feel I can provide concrete examples of what a new owner may experience.

If done correctly, there can be a lot of financial benefits. However, being a landlord isn’t as hassle-free or risk-free as most people think – and there’s no guarantee you’ll make money.

Crypto. The Twitter account @coinfessions shares “anonymous crypto confessions”. These days, many people are afraid to tell even their spouses how much they have lost betting on crypto.

I thought of these stories while reading about the growing popularity of DraftKings and FanDuel: DraftKings come for your stupid money at Wrigley Field. This is not a net positive development for our society. The Chicago Cubs (and soon your favorite team as well) just can’t say no to easy money, but also prefer not to know where it will come from. My children will be told that gambling addiction is in their family history (it’s my little confession) and that the best way is never to bet, even casually (and never to marry someone who gambles) . Don’t be stupid money.

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