Monthly Archives: March 2021

Payday Loans Fast Money Comes At A High Price

Mary Love borrowed $ 400 from a payday loan store in Louisville to help cover her living expenses ten years ago. Charges were added to her debt every two weeks, and Love struggled to pay off the principal. “I never caught up enough time to pay them back,” she said. …

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Will your student finances add up? The Truth About Loans, Bursaries, and Jobs | Higher Education

Student finances might not be what you expect as we adjust to the changing post-covid landscape. As the tuition fees are expected to stay the same, there is always financial support for compensating students. It is especially important to think about your well-being first. The pandemic will mean that the …

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Emergency small business loans are just the start

As jobless claims skyrocket, attention has focused on helping workers. It is appropriate. But ensuring that businesses survive the coronavirus disruption will also protect workers. Last week, Governor Charlie Baker threw a lifeline to the restaurant and hotel sectors by announcing its intention to postpone the collection of sales, meal …

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Some small businesses received as little as $ 1 in upfront PPP loans

It’s been almost a year (since it’s been sinking) since the federal government approved its first wave of Paycheck Protection Program (PPP) funds to help small businesses in the pandemic. And it’s no secret that the initial deployment was flawed, with publicly traded companies exploiting loopholes and ultimately being in …

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Accounting body urges Treasury to write off legitimate rebound loans

An accounting body has asked the Treasury to cancel all legitimate rebound loans paid to small and medium enterprises (SMEs). The Association of Accounting Technicians (AAT) said these loans to genuine small businesses accounted for two-thirds of the £ 40bn loaned under the Bounce Loan Program (BBLS). The group said …

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Small businesses could get SBA loans as early as 2 weeks. Here’s who is eligible

President Donald Trump signing unprecedented deal $ 2 trillion economic stimulus plan aimed at supporting American businesses and individuals, you are probably wondering what this all means to you as a small business owner. Companies with less than 500 employees can qualify for loans which represent $ 350 billion in …

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CBA, NAB, Westpac Cut Interest On Home Loans Following RBA Rate Cut

Two big banks cut interest rates following the RBA cut. Photo: Joel Carrett / AAP. Three of Australia’s major banks have cut interest rates on fixed rate home loans, with some loan products now attracting a rate below 2%. Commonwealth Bank, Westpac and NAB took a stab in lending rates …

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Portugal extends moratorium on loans to avoid increase in bad debts, Centeno says

LISBON, May 13 (Reuters) – Portugal will extend its six-month suspension of debt repayments beyond September for as long as necessary to avoid jeopardizing the banking system with an increase in bad debts when the measure will be lifted, Finance Minister Mario Centeno said on Wednesday. The suspension, in force …

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