Music Industry – Northern Front http://northernfront.net/ Tue, 03 Aug 2021 17:19:32 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://northernfront.net/wp-content/uploads/2021/06/icon-5.png Music Industry – Northern Front http://northernfront.net/ 32 32 Can I make additional repayments on a personal loan? https://northernfront.net/can-i-make-additional-repayments-on-a-personal-loan/ https://northernfront.net/can-i-make-additional-repayments-on-a-personal-loan/#respond Sun, 01 Aug 2021 22:07:59 +0000 https://northernfront.net/can-i-make-additional-repayments-on-a-personal-loan/ Paying off your personal loan feels great, but paying it off sooner with additional payments is even better. If you have a personal loan, you might be wondering if you can make additional repayments and what the pros and cons, if any, might be. How the additional repayments of a personal loan work Some personal […]]]>

Paying off your personal loan feels great, but paying it off sooner with additional payments is even better.

If you have a personal loan, you might be wondering if you can make additional repayments and what the pros and cons, if any, might be.

How the additional repayments of a personal loan work

Some personal lenders will allow you to make additional repayments on top of your regular payments. This can help you reduce the loan principal much faster than making the required minimum payments. Plus, by reducing the principal amount, you will potentially pay less interest over the life of the loan.

For example, if you had a personal loan of $ 20,000 over 5 years at a 6% rate, if you only made the standard monthly repayments of $ 387, you would pay $ 3,199 in interest. However, if you only paid $ 50 more per month, you would gain 5 years on the loan and pay only $ 2,768 in interest.

Personal loan Monthly repayments Total interest charged Total cost of the loan
No additional reimbursement $ 387 $ 3,199 $ 23,199
Additional repayment of $ 50 per month $ 437 $ 2,768 $ 22,768

Source: RateCity.com.au. Note: Figures based on a hypothetical $ 20,000, 5 year 6% personal loan. Does not take into account fees or rate fluctuations. Assumes $ 50 in additional monthly repayments made from the inception of the loan.

However, what you pay in interest is how the lender makes their money, so not all lenders will allow you to do this. Some may even charge you a fee for making additional refunds. It is worth reading the product disclosure statement associated with the personal loan to verify this first.

What other features can a personal loan offer?

If your personal loan lender allows you to make additional repayments, chances are they also offer another potentially competitive feature: a withdrawal facility.

A withdrawal facility allows personal loan customers to withdraw some or all of the additional repayments they have made over the years while paying off their loan. This can come in handy when you’re under financial stress, like overdue or unexpected bills, or even if you just want to fund a family vacation.

Keep in mind that once you withdraw the additional funds that you put on your personal loan, you will increase the amount of principal owed. This in turn can increase the amount of interest you will be charged and may mean an increase in your regular repayments.

Some personal lenders may require you to pay a certain amount in additional repayments before you can access these funds. In addition, personal loan renewal facilities are generally reserved for variable rate loans. If you need a fixed rate personal loan, this feature may not be available to you.

What are the pros and cons of making additional personal loan repayments?

Making additional payments on your personal loan can go a long way in reducing otherwise daunting debt. But there are both risks and benefits that are worth weighing up.

Benefits of additional repayments on a personal loan:

  • Pay off your debt faster – The most important benefit of making additional repayments is that you may be able to save months over the life of your loan.
  • Pay less interest – The lower the amount of your principal owed, the less interest you will incur.
  • Access funds – If your lender offers a redemption facility, you may be able to access these funds when you need them.

Cons of additional repayments on a personal loan:

  • Your current lender may not offer it – If you’ve already taken out a personal loan and want to make additional payments, you may find that your lender doesn’t allow it. If this is something you really want for your personal loan, it might be worth considering refinancing.
  • Fees and limits – Some lenders may charge you a fee for making additional repayments. And some may cap how much you can pay, or even limit how much you can withdraw if you use a withdrawal feature.
  • Variable rate only – Generally speaking, additional repayments or the possibility of refinancing can be reserved for customers of variable rate loans. If you opt for a fixed rate loan, check to see if additional repayments are allowed before proceeding.
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Payday Advances: Alternatives and Why You Should Avoid Them https://northernfront.net/payday-advances-alternatives-and-why-you-should-avoid-them/ https://northernfront.net/payday-advances-alternatives-and-why-you-should-avoid-them/#respond Wed, 21 Jul 2021 12:57:02 +0000 https://northernfront.net/payday-advances-alternatives-and-why-you-should-avoid-them/ Payday Advances: Alternatives and Why You Should Avoid Them The problem with payday loans and what you can do If you’re struggling to make ends meet, it can be extremely stressful. You will probably need to find almost any solution that can help you spend your bills and meet your bills. One choice that will […]]]>

Payday Advances: Alternatives and Why You Should Avoid Them

The problem with payday loans and what you can do

If you’re struggling to make ends meet, it can be extremely stressful. You will probably need to find almost any solution that can help you spend your bills and meet your bills. One choice that will seem very attractive to many people is a payday loan.

A cash advance is a short term loan that is certainly designed to “get a payday”. These loans are generally fairly straightforward to obtain. More often than not, you won’t need to do a credit check to get one, and you certainly won’t have to wait long for your hard-earned money. In most cases, all a payday lender will need to see is proof that you are of the correct age and that you are used to it. Plus, payday lenders are very easy to find. In a few metropolitan areas, you can spot one on almost every block. The ease of a cash advance makes it a good idea when you are feeling a financial crisis.

But, payday advances can be extremely dangerous. Many people who take out a payday loan online quickly find themselves in serious financial difficulty.

Why payday loans are dangerous

The main reason that payday loans often trigger difficulties is that they don’t really solve your economic dilemmas. At best, they simply delay them, and at worst, they put you in even more debt.

Unfortunately, the truth is that many people who take out a payday loan online have to struggle to pay it off over time. These loans are incredibly short term, usually a day or two in total. Since you might have the most effective reasons once you delete the mortgage, and more than likely you will decide to do your best to pay it off on time, these reasons are not always practical. It is difficult to get the money you will need in just fourteen days.

If you want to borrow money quickly to get to payday, chances are you’ve been hit by an unexpected expense that you can’t handle. Needless to say, you might even be spending more money than you earn when you leave. In a choice of situation, the very fact remains that you need help because you don’t have any type of crisis fund. Life is definitely unpredictable. Even if you budget very carefully and do whatever you want to feel at home within your means, one thing could constantly pop up and derail you. And, it’s likely to happen again at some point in the future if it happens once. A quick payday loan does not solve this example.

Many people who have a quick payday loan find themselves unable to repay it over time. Many Canadians do not have adequate savings in an emergency and many people reside in Canada. So it will be extremely difficult to pay off a payday loan fast over time without hurting yourself economically.

Be honest with yourself before taking out a payday loan online. In the event that you don’t have the money now to fund your expenses, will you likely have it in two weeks? Yes, you will be compensated at that time, but since you have no savings, you probably live. This means that there is a good chance that you will need the income from your next check to cover other costs. Where is the money obtained by you to settle the payday loan? And, if you could spend the loan over time, how are you going to spend the money to sleep spending in the years to come?

While a payday lender just isn’t able to provide you with another loan to end up in a “revolving door” of debt until you’ve paid off the first loan, that doesn’t stop you. . You might be tempted to go to another lender – and maybe even another payday lender – for another loan if you can’t pay off your loan on time. When you do, it could make your financial obligation problem worse. Now you will have two loans to settle.

Even if you don’t have any savings and you are alive, how long before you need another loan to make ends meet if you pay off your loan on time?


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New Service by TransformanceUSA Matches You With the Best Bad Credit Loan Online https://northernfront.net/new-service-by-transformanceusa-matches-you-with-the-best-bad-credit-loan-online/ https://northernfront.net/new-service-by-transformanceusa-matches-you-with-the-best-bad-credit-loan-online/#respond Wed, 21 Jul 2021 09:27:04 +0000 https://northernfront.net/?p=518 Charlotte, NC, April 25, 2021 (GLOBE NEWSWIRE) — TransformanceUSA now offers a free service to match customers with bad credit loans based on a 10 question assessment. View loans with checking credit to qualify for using the tool here The quiz will ask you questions about the size of the loan you need, what you […]]]>

Charlotte, NC, April 25, 2021 (GLOBE NEWSWIRE) — TransformanceUSA now offers a free service to match customers with bad credit loans based on a 10 question assessment.

View loans with checking credit to qualify for using the tool here

The quiz will ask you questions about the size of the loan you need, what you need the loan for, your credit score, and how quick you need your loan.

The answers are then used to calculate a list of lenders that offer the best bad credit and no credit loans for your situation.

You may be matched with any of the following types of loans: bad credit loans, no credit loans, low-interest rate loans, cash advances, sofi, rocket loans, or more. Each of these are explained in more detail below.

Click here to see the loans you qualify for

Bad Credit Loans
It’s possible to get a loan with a bad credit score. A bad credit loan is meant to cater for individuals with a credit score below 575 or short credit history. They come at a higher interest rate than traditional loans, but they can be used to meet urgent financial needs and improve your credit score. These loans can either be secured (backed by collateral such as a car or home) or unsecured.

There are many online lenders who specialize in providing bad credit loans. Various credit unions, banks, and online lenders offer bad credit loans to people with poor credit, but their threshold for what they call “creditworthy borrower” varies from one institution to another. Some lenders are stricter than others, differ when it comes to accrued interest rates, and have different fees and terms of engagement. It’s thus essential to shop around for the most favorable terms and requirements before making a decision.

How To Get A Bad-Credit Loan
Securing a personal loan with bad credit requires diligent research to find the most suitable and affordable loan possible. Bad credit means you have limited options, but that doesn’t mean you’re completely helpless. Here are tips to ease the process of getting a bad credit loan:

Check your credit score: It’ll be best if you start by learning where your credit score stands. This can be done by requesting a free report from Experian (Everyone is entitled to one free credit report every year from each of the credit reporting agencies)

Have a reasonable repayment plan: When taking a loan, it’s vital to ensure that you can manage your home budget and still support an additional loan payment each month.

Compare bad-credit loans: If you already have an existing relationship with a bank or financial institution or your account is in good standing, they might have a loan option for you. You can also take your research online and check lenders’ independent reviews to ensure you’re getting the best deal.

Look into secured loans: Secured loans are easier to get if you have a below-average credit score. These loans require you to back them with collateral but have lower APRs.

Take advantage of prequalification: Many lenders will allow you to check whether you qualify for a loan before doing a hard credit check.

This is a good way to shop around for bad credit loans without affecting your credit score any further.

Add a co-signer if necessary: Adding a co-signer with a good credit history will increase your chances of qualifying for a loan and may also net you a lower interest. However, being a co-signer means assuming the responsibility to pay the loan if a borrower falls behind on payments.

Be prepared for hard credit checks: As mentioned earlier, many lenders will allow you to get prequalified without initiating a hard credit check. However, the actual application results in a credit inquiry that temporarily damages your credit, although you’ll eventually recover these points once you start paying the loan.

Cash Advance
A cash advance is one of those loans that you would want to familiarize yourself with terms and requirements so you aren’t hit with a nasty surprise. A cash advance is a short-term loan provided by your credit card issuer. Taking cash advance means that you are borrowing against your credit card’s line of credit. You can get a cash advance in different ways, including:

At an ATM: With a PIN for your credit card, it’s possible to get a cash advance at an ATM. If you’ve forgotten your PIN, be sure to request your card issuer for one. It’ll take a few business days to receive a new PIN, and there is a limit to the amount of money you can withdraw from an ATM.

Convenience check: There are credit cards that come with convenience checks, which you can use to write a check to yourself. Then, you can cash or deposit the money.

In-person: It entails visiting your bank to request a cash advance into your credit card.

Once your cash advance is approved, the card issuer charges a fee, which is usually 3% to 5% of the total amount you request. For example, if you request a cash advance of $250 with a 5% fee, that’ll cost you $12.50 interest. This is not to mention the fee you’ll be charged when taking out the money from an ATM and the overall credit limit, which means you’ll only be able to withdrawal a few hundred dollars.

Moreover, cash advances don’t come with a grace period. You’ll be charged interest from the day you withdraw the money. That is different from when you use your card to purchase goods because your insurer gives you a grace period of 21 days, where you’ll not pay interest if you make full payment within this period.

Loans Pioneer
This is a fully web-based company that connects potential borrowers with lenders. It’s situated in Houston, Texas, but they offer loans to residents in all 50 states through the website. They do not have a physical location but can be reached through email or their mailing address; 1321 Upland Dr. Ste 6458, Houston, TX, 77043.

You can borrow money to fund nearly any need, including debt consolidation, buying a car, home improvement, and other major expenses. They offer loans of up to $5,000. To qualify for a loan, you have to be employed or self-employed, at least 18 years, and U.S. citizen or a permanent resident with a valid SSN.

Lenders within LoanPioneer’s website can offer APRs ranging from 5.99% to 35.99%. Besides, fees for origination, administrative transactions, and applications depend on the loan you will be connected with.

Leap Credit
This is a type of loan that you can apply online and receive in a matter of days to pay for an exotic vacation, medical bills, your dream wedding, funeral expenses, auto repairs, new appliances for home or office, and more. You can borrow anything from $300 t- $3,500 for a start.

To qualify for this loan, you must be at least 18 years old, a resident in the U.S., and earns a minimum of $25,000 a year. You can apply online by submitting your personal information and explaining how you intend to use the loan. After undergoing a soft credit check, you’ll receive your quote in one business day. Once you accept the terms and requirements of the loan, funds will be deposited into your account the following business day.

Leap Credit rates vary by state, so to have clear information of what you will be offered, visit their site and enter your zip code. However, the average interest rates fall between 293% and 695%, and their payment period is eight months, but that’s also state-dependent. Moreover, there is a late fee penalty of $30 or 5% and a puzzling monthly managing fee.

Click here to see which loans you qualify for

Common questions we get asked about bad credit loans

Can I get a loan even if I have bad or no credit?

Yes, but your options will be more limited and the interest rates you’ll have to pay will be higher.

Those with poor or no credit are considered riskier investments than those with good credit, and the lenders will expect to be better-compensated as a result.

The good news is that some lenders are happy to work with “riskier” clients, and if you get a loan through them and are responsible about paying it back, you can begin to rebuild your credit — which will help you qualify for better loans in the future.

What types of loans are there?

There are a wide variety of loan options, including payday loans, home equity loans, and personal loans. Payday loans should generally be avoided, as they tend to charge outrageous interest rates.

The loans listed above are almost all personal loans. They’re ideal for making a big purchase, consolidating debt, or just keeping your head above water until you can get back on your feet.

Will applying for a loan affect my credit score?

That depends. Many lenders do something called a “soft pull” when you’re first applying to get an idea of what kind of loans they can offer you. Soft pulls usually don’t affect your credit score.

However, if you accept a loan offer, the lender usually performs a “hard pull” to verify the information you put on your application. Hard pulls will slightly damage your credit, but the impact will go away after a few months.

Some payday loan lenders don’t check credit scores at all. While this may sound good in theory, those lenders usually compensate by demanding collateral or charging exorbitant interest rates.

Do I need to have a job to get a loan?

It’s definitely helpful to be employed, but it’s still possible to get some loans without a job. Employment is only one factor that lenders look at; they’ll also consider other forms of income, such as alimony, Social Security, disability, and more.

If you have absolutely no income, though, you’ll be hard-pressed to find anyone willing to lend to you, as you won’t be able to prove you can pay them back.

What’s the difference between a secured and unsecured loan?

A secured loan means you’re offering the loan company security in exchange for cash. Usually, this is some form of collateral, like the title to your car.

An unsecured loan doesn’t require any collateral. If you fail to pay, nothing you own will get repossessed, but your loan could get sold to a debt collector. Your failure to pay will also be reported to the lending agencies, and if you get sued, your wages could be garnished until the loan is repaid.

What kind of interest rates and fees can I expect with a bad credit loan?

Your interest rates will be higher than they would if you had better credit — there’s just no way around it. Typically, most of these lenders will charge rates in the 8.99% to 35.99% range, but some can go much higher than that.

Different lenders charge different fees, but most will charge an origination fee or other administration fee. These are typically a percentage of the overall loan.

You’ll also be subject to fees if you miss a payment or have a payment returned for lack of funds. These can be a percentage of the payment or a flat fee, depending on the lender.

How much money can I borrow?

That will depend on your credit score and income level, among other things.

Most lenders have maximum amounts that they’re willing to lend out, though, and these can range from a few hundred bucks to tens of thousands of dollars.

Typically, lenders will use a pre-qualification process to determine how much you can borrow. This lets you know what you’re getting into before you sign up for anything.

What do I need to apply for a loan?

You’ll need paperwork documenting your identity and financial situation. These include your driver’s license, Social Security card, or other state-issued identification, and documents like your tax return, pay stubs, and proof of any other income you may have.

You may also need documentation proving your address, such as a utility bill or proof of insurance.

How long do I have to repay my loan?

This will vary depending on the lender, but the term could range from a few months to several years. As a general rule, the longer the term, the less your monthly payments will be, but you may pay more in interest as a result.

Is there a penalty for early repayment?

Sometimes. It depends on the lender, but this is something you should figure out before you sign any paperwork.

How can I improve my credit score?

Credit scores are based on a variety of factors.

The most important things you can do are to pay your bills on time and keep your debt levels low. Taking out any kind of loan will put you in more debt, which will most likely negatively affect your score, but if you pay the loan back on time your score should recover and possibly even improve (especially if you use the loan to pay off other debt).

Beyond that, simple things like not opening a bunch of credit cards at once, not allowing errors to stand on your credit report, and using secured credit cards can help as well.

Contact: contact@transformanceusa.org

Disclaimer: The information does not constitute financial advice or an offer to buy. Any purchase made from the above press release is made at your own risk. Consult an expert advisor or professional before any such purchase. Any purchase made from this link is subject to the final terms and conditions of the website’s selling mentioned in the source. The content publisher and its downstream distribution partners do not take any responsibility directly or indirectly. If you have any complaints or copyright issues related to this article, kindly contact the company this news is about. The links contained in this product review may result in a small commission to the author if you opt to purchase the product recommended at no additional cost to you.

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Asians are represented in classical music. But are they seen? https://northernfront.net/asians-are-represented-in-classical-music-but-are-they-seen/ https://northernfront.net/asians-are-represented-in-classical-music-but-are-they-seen/#respond Wed, 21 Jul 2021 09:00:22 +0000 https://northernfront.net/asians-are-represented-in-classical-music-but-are-they-seen/ Fight stereotypes Asian artists have long been the subject of racist tropes and slurs, dating back at least to the 1960s and 1970s, when musicians immigrated to the United States from Japan, Korea and others. regions of East Asia to study and perform. A 1967 report in Time magazine, titled “The Invasion from the East,” […]]]>

Asian artists have long been the subject of racist tropes and slurs, dating back at least to the 1960s and 1970s, when musicians immigrated to the United States from Japan, Korea and others. regions of East Asia to study and perform. A 1967 report in Time magazine, titled “The Invasion from the East,” reflected the thinking of the time.

“Stringed instruments were physically ideal for Orientals: their nimble fingers, so proficient in delicate calligraphy and other crafts, easily adapted to the demands of the fingerboard,” the article says.

Over time, Asian artists have gained a foothold in orchestras and the concert circuit. In 2014, the latest year for which data is available, musicians of Asian origin made up about 9% of large ensembles, according to the League of American Orchestras; in the United States, Asians make up about 6 percent of the population. In renowned groups like the New York Philharmonic, the number is even higher: Asians now represent a third of this orchestra. (In Europe, it’s often a different story: in the London Symphony Orchestra, for example, three of the 82 musicians, less than 4%, have Asian roots, while Asians make up over 18% of the population of London.)

Yet racist portrayals of Asian artists have persisted. Some have been told by conductors that they look like computer engineers, not classical musicians. Others were described by hearing panels as too weak and too young to be taken seriously. Still others were told their names were too foreign to say or remember.

“You are considered an automaton,” said Akiko Tarumoto, concertmaster of the Los Angeles Philharmonic.

Tarumoto, 44, who is of Japanese descent, said musicians of Asian descent in the Philharmonic are sometimes confused, and in other ensembles she had heard fellow musicians call new recruits simply of “Chinese girls”.

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GROOVE U School of Music students produce the Ohio Creatives Festival July 30-31 in Dublin https://northernfront.net/groove-u-school-of-music-students-produce-the-ohio-creatives-festival-july-30-31-in-dublin/ https://northernfront.net/groove-u-school-of-music-students-produce-the-ohio-creatives-festival-july-30-31-in-dublin/#respond Tue, 20 Jul 2021 20:58:27 +0000 https://northernfront.net/groove-u-school-of-music-students-produce-the-ohio-creatives-festival-july-30-31-in-dublin/ Music has been a part of Samm Taylor’s life for almost as long as he can remember. The 20-year-old, a 2019 graduate of Hilliard Darby High School, remembers singing on a car stereo when he was 5 years old. One of his favorites was “Mambo No. 5” by Lou Bega. At age 11, he started […]]]>

Music has been a part of Samm Taylor’s life for almost as long as he can remember.

The 20-year-old, a 2019 graduate of Hilliard Darby High School, remembers singing on a car stereo when he was 5 years old. One of his favorites was “Mambo No. 5” by Lou Bega.

At age 11, he started playing viola at Tharp High School in Hilliard.

“I remember the staff from Tharp coming to my elementary school and showing us the band and orchestra instruments,” Taylor said. “I chose the viola because one of the teachers said, ‘No one chooses this instrument, and it’s usually forgotten.

Taylor did not forget the viola and added the ukulele, electric bass, keyboards and drums to his repertoire of performing instruments.

He and many other musicians, filmmakers, producers, engineers and more will showcase their diverse skills at the first – and possibly the only – Ohio Creatives Festival July 30-31 in Dublin.

The Ohio Creatives Festival is the original idea and flagship project of the 11 graduates of the 2021 class of GROOVE U, a two-year music school located at 5030 Bradenton Ave. at Dublin.

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WonderStruck Festival to Kick Northeast Ohio’s Return to Big Live Music Events https://northernfront.net/wonderstruck-festival-to-kick-northeast-ohios-return-to-big-live-music-events/ https://northernfront.net/wonderstruck-festival-to-kick-northeast-ohios-return-to-big-live-music-events/#respond Tue, 20 Jul 2021 12:18:23 +0000 https://northernfront.net/wonderstruck-festival-to-kick-northeast-ohios-return-to-big-live-music-events/ KIRTLAND, Ohio – With the live music industry on hold for much of 2020 and into early 2021, the Elevation Festivals team was busy planning the WonderStruck Music Festival. Postponed and then canceled in 2020, the event was set for July 24 and 25, 2021 in the hope that coronavirus vaccines would be underway and […]]]>

KIRTLAND, Ohio – With the live music industry on hold for much of 2020 and into early 2021, the Elevation Festivals team was busy planning the WonderStruck Music Festival.

Postponed and then canceled in 2020, the event was set for July 24 and 25, 2021 in the hope that coronavirus vaccines would be underway and pandemic protocols would be lifted in time for the event.

That timing eventually worked, and WonderStruck established itself as one of the first major music events in Northeast Ohio after COVID-19 restrictions were lifted in May. So, face masks won’t be required for festival outfits – and social distancing won’t prevent crowds from gathering outside the stages of Lakeland Community College. And unlike some music festivals around the world, vaccines and negative COVID tests won’t be required for entry.

The global festival scene remains busy, even here in Ohio. Some festivals, like Nelsonville Music Festival and Sonic Temple, have completely canceled their 2021 events due to the pandemic, but others have decided to continue as planned.

Alive Music Festival was held July 15-18 at Atwood State Park without a face mask requirement, but a six-foot social distancing recommendation between the parties. The Country Fest also took place the same weekend, with no masks or social distancing requirements in place. Incarceration is scheduled for Sept. 10-12 in Mansfield, Ohio, with vague security measures outlined on its website.

  • 5 things to know before you go to the WonderStruck music festival

WonderStruck – and its sister September music festival in Columbus, WonderBus – is a big part of the 2021 music festival landscape in Ohio. And after a very abnormal year, WonderStruck aims to return to a normal festival before the pandemic, building on its first four years of existence as LaureLive at Laurel School’s Butler Campus, from 2016 to 2019.

Adjusting to ever-changing COVID-19 decisions, turbulent tour schedules and a new location have all created tight deadlines for the Elevation group, said Elevation chairman Denny Young.

“It’s busy. Not only are we doing 12 months of work in about four months, but we’re also entering a new site for the first time,” Young said. “So while everything is on schedule, sorted out and ready, it’s a really busy time for all of us at Groupe Elevation. ”

FROM LAUREL TO LAC COUNTRY

After separating from Laurel School in 2019, Elevation Group landed its new location for the festival at Lakeland Community College in 2020. The outdoor grounds, near an I-90 exit, provide easier access for drivers and on-site parking, as well as more space for festival crowds. .

“Where in Laurel we had a long, thin site from south to north when you came in, Lakeland is more of a square site,” Young said. “It’s not long and thin; it’s basically a big square. We had to reconfigure the way we position the scenes and make sure the lines of sight are good. The site is really comfortable.

It’s comfortable, but big. Lakeland Community College offers 400 acres of space for WonderStruck to use with three stages, a sales area, and food offerings from chef Fabio Salerno of Lago East Bank, who also designed LaureLive’s culinary options in 2019.

When it comes to COVID, attendees can primarily expect additional disinfection measures and a partnership with hand sanitizer company GermX – as well as a Lake County General Health District mobile clinic offering COVID-19 vaccines near the entrance to the festival grounds.

Young estimates that 25,000 attendees will attend the festival over its two days. (Tickets are still available for WonderStruck at wonderstruckfest.com.)

During these two days, 28 artists will perform on three stages, wearing some impressive headliners. On Saturday hit rock groups Walk the Moon and Third Eye Blind headlining, and Grammy-winning pop-rock group Portugal on Sunday. The Man and indie-pop stars AJR will close the festival.

But ahead of those shows, there are plenty of other eye-catching acts to perform on stage, including multi-instrumentalist showtopper Trombone Shorty, “You Broke Me First” singer Tate McRae and catchy pop artist Dayglow.

It will be the same for many artists in Cleveland.

LOCAL FOCUS

This year, Northeast Ohio artists make up a big part of the lineup: Detention, The Floorwalkers, The Vindys, Sarah Bailey, Jack Harris, .wavrunner, Jon Caryl, Brent Kirby and Londin Thompson are all set to happen. KennyHoopla, from Cleveland, was also a late addition to the festival lineup, after Noah Cyrus left due to a scheduling conflict.

For Bailey, WonderStruck marks his first big performance. The musician, who was recently selected to work as the Rock & Roll Hall of Fame’s resident rocker, also released her self-produced debut album “13” earlier this year. Bailey will perform at the festival on Saturday.

“It’s my first real performance, which is crazy to say,” Bailey said. “The first time I sing my own songs with a band that I train with, who have learned all of my songs – this is my first big performance with my own music.”

It’s a big moment for Bailey, especially after last year.

“It’s so amazing knowing that I’ve been locked up for the past 15 months,” Bailey said. “Everything is happening so fast, and I think people are very anxious to come back and do some live music, to go to shows. I think there is going to be a big comeback in the music industry.

Kirby, who also plays on Saturday, feels the same way.

“An important part of music and the music experience is the people around you and the people you connect with. To have that kind of connection with an audience and in such an important way as a music festival like this, I think it will be a wonderful experience, ”Kirby said. “The main thing is that I feel like I’m part of something special and unique. And I don’t take that for granted, especially after everything that happened last year. Being able to play an event like this is really something that is close to my heart. “

Kirby has performed at the festival once before, when his name was LaureLive. He performed in 2016, the event’s first year, both as a solo artist and with his 10×3 songwriter showcase.

Now he’s playing the festival’s first year as WonderStruck, after receiving a call from Young – whom he considers a close friend.

“I really feel special. I feel honored, ”Kirby said. “I think it’s really important, and they understand it too, that having local Cleveland bands on the bill is a really important thing to have.”

The Cleveland music community has played an important role in running WonderStruck over the past year. Young said many ticket holders kept their weekend passes from 2019, rolling them over to the 2021 festival. This helped the festival maintain some of its revenue from the canceled event.

Tickets are still available for purchase online, ranging from $ 115 for one-day general admission tickets to $ 499 for weekend VIP passes (with discounts available for children under 10 years).

The excitement for the festival has been palpable, Young said, especially after the lack of live music due to the pandemic.

“Postponing, canceling whatever you want to call it, which took place in 2020, was devastating on so many levels… It was mentally, physically and economically devastating. So we’re all thrilled to have the opportunity to present live events once again, ”said Young. “I think the thirst for live music and entertainment, given that we’ve all been effectively locked up for a year and a half, is at an all time high.”

You can find more information about WonderStruck at wonderstruckfest.com.

Get a good start on the weekend and Register now for the cleveland.com weekly “At the CLE” email newsletter, your essential guide to the best things to do in Greater Cleveland. It’ll arrive in your inbox on Friday morning – an exclusive to-do list, focusing on the best weekend fun. Restaurants, music, movies, the performing arts, family entertainment and more. Click here to subscribe. All cleveland.com newsletters are free.

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How to get a mortgage when you’re self-employed https://northernfront.net/how-to-get-a-mortgage-when-youre-self-employed/ https://northernfront.net/how-to-get-a-mortgage-when-youre-self-employed/#respond Tue, 20 Jul 2021 03:41:28 +0000 https://northernfront.net/how-to-get-a-mortgage-when-youre-self-employed/ VS Contrary to popular belief, there is no “special” category for self-employed mortgages. Freelancers, business owners and entrepreneurs can apply for the same mortgage products as everyone else. Where independent borrowers often take off is proving their income. While salaried borrowers can just show lenders their payslips, independent borrowers tend to have more irregular and […]]]>
VS

Contrary to popular belief, there is no “special” category for self-employed mortgages. Freelancers, business owners and entrepreneurs can apply for the same mortgage products as everyone else.

Where independent borrowers often take off is proving their income.

While salaried borrowers can just show lenders their payslips, independent borrowers tend to have more irregular and complex incomes, so they need a way to prove their income.

Before 2014, it was another world for independent borrowers. Back then, you could “self-certify” your income; but in reality, you hardly needed to prove your income.

However, so-called “self-certified” mortgages were banned by the Financial Conduct Authority in the 2014 Mortgage Market Review, and since then every borrower has to prove income to get a home loan.

Essential documents

What lenders require from independent mortgage applicants varies. Typically, you will need to present certified accounts for two or three years, although a handful of lenders will accept one-year accounts.

You will also need to present proof of your income from HMRC records, either your tax return or Form SA302.

When determining how much you earn each year, lenders typically calculate your average earnings for the past two or three years. As with mortgages for job seekers, most lenders base their mortgage affordability calculations on the applicant’s net income (before tax).

Lenders may ask some independent borrowers for additional evidence to show that in addition to making money now, they will continue to do so in the future. For example, if you are a business owner, you may need to show proof of payment of dividends or retained earnings. If you are an entrepreneur, you might need proof of upcoming contracts.

How Affordability Works

Once you’ve proven your income, the mortgage affordability assessment for an independent applicant is the same as for any other mortgage. The lender will look at your income and expenses to assess whether you can afford the amount you want to borrow.

The appraisal will look at your bank statements to see what you’re spending your money on, so it’s a good idea to avoid frivolous spending in the six months prior to your application.

And you absolutely must avoid expenses that might appear to be a “red flag” to a lender, such as online gambling or payday loans.

As with any mortgage, the higher the deposit you have, the better your chances of acceptance and the lower the interest rate you will be offered.

Be accepted after the pandemic

Unfortunately, Covid-19 has made it more difficult for independent borrowers to accept a mortgage.

Some banks, such as NatWest, do not offer mortgages to self-employed people who have received money from the Self-Employment Income Support program. This is the case, even though their revenues were stable before the pandemic and their business is viable after the pandemic.

HSBC says borrowers who have received grants can be accepted, but none of the grant income can be used to support the mortgage application. This means that independent borrowers who used grants to replace their income during the foreclosure risk failing the bank’s affordability checks.

Another problem is that lenders typically use income from the past two (or three) years to assess affordability. Self-employed workers affected by the pandemic will likely have earned less than usual in the 2020-2021 tax year. Thus, this drop in income could affect their mortgage loan applications until 2023.

Critical changes

However, a few lenders have changed their lending criteria to take into account the pandemic.

Santander’s credit policy now updates the 2020/21 set of accounts for independent borrowers who have experienced an unusual loss of income. So, affordability will be based on how much you earned in 2019-2020 and 2018-19.

Meanwhile, HSBC is requesting business bank statements for January, February or March 2020 and the past 60 days to provide a view of pre-pandemic and current business conditions.

Other lenders, such as Nationwide, refer the majority of self-employed cases to an insurer who decides on a case-by-case basis what documentation is required to support the claim.

Consider a mortgage broker

Lender criteria change all the time, so a good mortgage broker can be worth their weight in gold.

Brokers will be aware of the loan criteria of different providers, as well as have knowledge of and access to small lenders happy to lend to independent applicants.

A broker will also know the best lenders to approach depending on whether you operate as an individual entrepreneur, in partnership, or in a limited liability company. They should also know which lenders offer the cheapest self-employed interest rates.

Boost your chances

Mortgage lenders generally want independent applicants to provide accounts prepared by a qualified chartered accountant. So, it may be worthwhile to hire a professional to do your books and your tax return.

With any mortgage application, the larger your deposit, the more options you will have. The lower your loan-to-value ratio (LTV), the more lenders will accept your request.

The LTV is the ratio of your mortgage to the purchase price of the property. LTVs can reach 95%. But the lower the number, the better the mortgage rate and the cheaper the repayments should become for the borrower.

Potential borrowers can also increase their chances with a good credit score. Being registered on the electoral roll, having a history of paying bills and debts on time, and not taking out too many loans, each contributes to the success of a mortgage application.

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The cardless credit card revolution https://northernfront.net/the-cardless-credit-card-revolution/ https://northernfront.net/the-cardless-credit-card-revolution/#respond Tue, 20 Jul 2021 03:41:27 +0000 https://northernfront.net/the-cardless-credit-card-revolution/ This article is brought to you by Cardless, but the opinions expressed here are solely those of the author, and not those of the bank, credit card issuer, airline, hotel chain or manufacturer of products / service provider. Cardless could revolutionize the credit card industry, making co-branded credit cards accessible to more businesses and consumers […]]]>

This article is brought to you by Cardless, but the opinions expressed here are solely those of the author, and not those of the bank, credit card issuer, airline, hotel chain or manufacturer of products / service provider.

Cardless could revolutionize the credit card industry, making co-branded credit cards accessible to more businesses and consumers alike.

For those who love credit card rewards, there is an exciting new issuer to watch out for that has the potential to disrupt the space. In this article, I wanted to talk about how Cardless could revolutionize the credit card industry and help all kinds of small brands launch co-branded credit cards.

The credit card industry hasn’t seen much innovation

The credit card industry has basically not seen much innovation over the past two decades. At first glance, this may seem counterintuitive, as at least cash back and travel rewards credit cards have become much more rewarding over the past decade. Sign-up bonuses, bonus categories for spending and perks are all significantly improved. However, the same is not true of co-branded cards in most other industries, like department store cards, gas station cards, etc.

Although the credit card industry is extremely competitive, what has not fundamentally changed is the way card issuers operate. Just to give a few examples of areas where we haven’t seen much change:

  • Although new card products have been introduced, we haven’t seen a major new credit card issuer in the United States for over 25 years (Capital One was the last in 1994)
  • The credit card issuers that exist all have high costs and are not exactly lean transactions
  • For consumers, the requirements for obtaining credit card approval haven’t changed much; if your credit rating is not very good to excellent, you will probably have a hard time getting credit card approval from major issuers
  • For companies looking to partner with an issuer to create a co-branded card, this has mostly been limited to deals that would generate billions of dollars in annual spend; in other words, small businesses have not been able to partner with a card issuer to develop a co-branded credit card

The reasons for all of these things are pretty straightforward – there hasn’t been much incentive to innovate in these areas, as the major card issuers all have similar policies. Just as the big airlines don’t want to rock the boat, so are the major credit card issuers.

Why Cardless is unlike anything we’ve seen before

Cardless is a new credit card issuer that takes a different approach to credit card issuance than we’ve seen before. Cardless is basically trying to help more brands launch credit cards for their most important customers, and they’re doing it by reimagining how the whole process works.

It’s a win-win solution for both small brands and consumers alike, and it’s something to celebrate.

I recently had the chance to speak with Michael Spelfogel, who is the co-founder of Cardless. He’s a big connoisseur of miles and points, he applied for his first credit card at the age of 18 and has applied for well over 100 credit cards himself. It’s pretty impressive to see someone with that kind of experience and passion apply what they’ve learned to develop new concepts.

I wanted to share some of the things I learned about Cardless from Michael, and why there is reason to be excited.

Cardless takes a different approach to financing

Cardless takes a different approach to financing transactions. The major credit card issuers in the United States primarily fund their own transactions, and they’ve always been very cautious about this. In large part, this means that only those with an ideal credit profile have access to credit cards, thus locking out a large portion of the population.

Of course, at OMAAT we talk about all the ways to maintain a great credit rating while taking advantage of great credit card offers, although that is not necessarily knowledge of the average consumer.

Cardless takes a different approach from others – the company plans to bring together a consortium of lenders willing to fund different segments of the market. Cardless, working with a bank issuer, wants to facilitate its programs with the highest percentage of card approvals, and ideally wants to make credit card approval easier for more people, even those who don’t have perfect credit. .

Opening up reward credit cards to a wider consumer base is awesome – not only does it allow more people to accumulate their credit, but it also allows them to be rewarded in ways that wouldn’t be possible if you paid for purchases with debit cards or cash.

Cardless can create endless co-branded cards

While the major card issuers have co-branded credit card agreements (e.g. Amex works with Delta, Chase works with United, Citi works with American, etc.):

  • As a rule, they have only been established if there is a potential for the portfolio to represent 10 digits in annual expenditure.
  • In fact, creating a new card product is a very time consuming process, usually over a year; Sometimes brands spend years devising a co-branded credit card concept, so it never really gets launched.

This is another area where Cardless takes a very different approach.

Cardless speeds up the card creation and innovation process

Cardless can launch credit cards in about a month, and the economy works for Cardless to launch co-brand deals for much smaller brands, which creates endless opportunities. Cardless could work with everything from local restaurant groups and entertainment venues to nonprofits to create co-branded credit cards.

We’ve never really seen the concept of launching a credit card be so accessible and easy as it is with Cardless, so it’s pretty exciting.

For what it’s worth, so far Cardless has launched cards into the professional sports team space – in particular, Cardless has cards for the The Cleveland Cavaliers and Manchester United. This makes perfect sense, as these teams have loyal followers, although historically they probably haven’t had a large enough fan base for a co-brand deal to be valid for any of the other major transmitters. .

Cardless plans to expand its portfolio to all kinds of other industries, including the travel space (which is probably what the OMAAT community is most interested in).

Cardless can offer unique and valuable rewards

Ultimately, there are limits to the reward of credit cards in terms of rewards for spending, and in many ways, this is an area where existing card issuers are already doing a good job. However, this is also an area where Cardless has a lot of potential:

  • Cardless is expected to have a lower cost structure than most traditional issuers and therefore can invest more in rewards
  • Today’s credit card value propositions go far beyond return on expenses and include perks such as cardholder benefits and other unique experiences; by potentially having all kinds of partnerships, the possibilities here are endless
  • Later, Cardless even hopes to make it so that once you’re approved for a Cardless product, you can trade it in for virtually any other Cardless card, and maybe even do it multiple times (that would be a lot). more generous than the current product change policies that we see with other issuers)

Just to give another example, I’m sure I’m not the only one who has multiple cards with Global Entry or TSA Pre-Check fee credit, and I could never use as many of those credits as I have. This is a very attractive big benefit, and I understand why card issuers are doing it now, as they often have to take a “one size fits all” approach to the benefits of a particular card. Cardless has the potential to offer much more personalized rewards.

Likewise, let’s say Cardless has a co-branded deal with an airline. Most cards offer the same benefits whether or not you have elite status. Imagine if we saw Cardless offering personalized benefits based on your status or relationship with this airline. This is all that Cardless could do much more easily than other issuers, thanks to the agile approach taken by Cardless.

Cardless is technology driven

While many companies claim technology is a goal, Cardless actually backs it. Cardless has an iOS app (an Android app will be available soon), and through the app you can request cards and manage your account.

As soon as you are approved, you will receive an instant virtual card number, so you can start shopping immediately. To me the user experience and cardless technology seem the most comparable to the Apple card.

Why businesses should want a co-branded credit card

We know how much loyalty programs have changed the course of the airline industry, and the same could happen for small businesses too with co-branded credit card agreements. The potential is endless:

  • Co-branded partners could earn money from the partnership itself, depending on how many people get the card and how much money they spend on it.
  • Beyond that, those with a co-branded credit card are better customers for that brand – on average, they spend more money and are more engaged.
  • It’s easier for smaller brands to offer special benefits and experiences that can make cards worth buying and keeping
  • Thanks to Cardless’s flexible approach, the benefits could be even more customizable than what we’ve seen in the industry so far

I’ve written in the past about how loyalty programs make consumers often act irrationally, so what business wouldn’t want that? 😉

At the end of the line

Cardless is a new credit card issuer that has the potential to disrupt the consumer credit card space. The company wants to help smaller brands launch credit cards, while also approving more people than traditional card issuers have in the past. Cardless is essentially a reverse engineering of the process of building a credit card company.

For consumers, this is something to celebrate, as we’ve seen dozens of new credit cards launched for all kinds of small brands, with impressive rewards structures. Arguably it’s even more exciting for small businesses where the concept of co-branded cards was previously unattainable. Launching a credit card opens up a world of possibilities, both for generating income and for increasing brand loyalty.

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6 Best FreshBooks Alternatives for Small Business Owners https://northernfront.net/6-best-freshbooks-alternatives-for-small-business-owners/ https://northernfront.net/6-best-freshbooks-alternatives-for-small-business-owners/#respond Tue, 20 Jul 2021 03:41:26 +0000 https://northernfront.net/6-best-freshbooks-alternatives-for-small-business-owners/ For many small business owners and self-employed people, Fresh books stands out among others accounting software because of its useful features, mobile-friendly configuration and user-friendliness. But the cost and some limitations of the subscription plans can be a big deal for some. Here are some options to consider if you are looking for accounting software […]]]>

For many small business owners and self-employed people, Fresh books stands out among others accounting software because of its useful features, mobile-friendly configuration and user-friendliness. But the cost and some limitations of the subscription plans can be a big deal for some. Here are some options to consider if you are looking for accounting software with more features or lower prices.

FreshBooks Accounting

1. QuickBooks Online: More Comprehensive

Compared to FreshBooks, QuickBooks Online has more robust reporting capabilities. It is also one of the most popular small business accounting programs in the United States with millions of users. Plans for the cloud-based software range from the cheapest Simple Start plan ($ 25 per month) to the Advanced plan ($ 150 per month). With these plans, you’ll get income and expense tracking, check printing, basic reporting, organizing receipts, and importing data from Excel or QuickBooks Desktop.

QuickBooks Online makes it easy to view all of your business financial information in one place. Your billing records and tax information are quickly accessible from the dashboard. It’s also simple to add on QuickBooks Payroll and other add-ons for more functionality.

QuickBooks Online

2. Zoho Books: more features

Zoho Books allows you to include more customers, users, and automated workflows than FreshBooks, even with the most basic plan, which costs just $ 15 per month when billed annually, or $ 20 per month when ‘it is billed monthly.

Within each plan, Zoho Books also includes functionality for bank reconciliation, personalized invoices, expense tracking, recurring transactions, projects, and timesheets. One feature that sets Zoho Books apart from its competition is its multi-currency option. You will be able to invoice in several different currencies. If you are working abroad, this could be a great option for you.

3. Xero: More app integrations

While FreshBooks enables over 110 app integrations, Xero offers over 800 of them. Like FreshBooks, it also comes with an unlimited number of users, regardless of which plan you choose. You’ll also have access to a mobile app and basic tools to track inventory, pay bills, create invoices and more. Xero is also known as a very user-friendly platform that avoids the potentially confusing jargon that comes with bookkeeping.

The cheapest plan is the Early plan, which lets you send five invoices and quotes per month for $ 11 per month. The mid-level plan is the Growing plan, which costs $ 32 per month. This plan allows you to send an unlimited number of invoices and quotes and reconcile bank transactions. The established plan, which costs $ 62 per month, includes everything included in the other two, but you also get the added benefit of expense and project tracking and multi-currency capabilities. If you are doing business internationally, this could be a huge draw for you.

4. Wave: free option with many features

Unlike FreshBooks, Wave’s accounting software is completely free to use. Features include income and expense tracking, invoice and bill reminders, unlimited bank and credit card connections, and a dashboard showing cash balances and invoice statuses. It also offers tools to help you file your business taxes; the smart dashboard can organize your income, expenses, payments and more.

Wave offers paid add-ons for more functionality. For example, you can add payroll software for $ 20 to $ 35 per month, plus $ 6 per employee per month. Payments by Wave is another optional chargeable add-on feature, which allows you to accept customer payments by credit card or ACH payment for a fee per transaction.

5. CloudBooks: More affordable plans, free version

Compared to FreshBooks, CloudBooks is a much more affordable option. Unlike most of the competition, it comes with a free plan. There is also a team plan, which costs $ 10 per month, includes unlimited invoices and five staff users, and an agency plan, which costs $ 20 per month and includes unlimited invoices and an unlimited number of staff. staff users.

Keep in mind that the free version only allows one customer and five invoices per month. This is probably only suitable for freelancers or very small businesses that don’t send a lot of invoices. However, if this is right for your business, it can be a viable option.

6. ZipBooks: free version with unlimited invoices

While the Lite version of FreshBooks offers unlimited invoices, these can only be sent to a maximum of five customers. In contrast, the free version of ZipBooks allows unlimited invoices and an unlimited number of suppliers and customers.

Another great thing about ZipBooks is that you can upgrade when you need it, whether to Smarter ($ 15 per month) or Sophisticated ($ 35 per month) plans, when your business grows and you your accounting needs change. These paid plans include features like time tracking, unlimited users, and the ability to lock completed books.

A version of this article first appeared on Fundera, a subsidiary of NerdWallet.

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Banks plan to offer credit cards with no credit score https://northernfront.net/banks-plan-to-offer-credit-cards-with-no-credit-score/ https://northernfront.net/banks-plan-to-offer-credit-cards-with-no-credit-score/#respond Tue, 20 Jul 2021 03:41:26 +0000 https://northernfront.net/banks-plan-to-offer-credit-cards-with-no-credit-score/ Chase, US Bank, Wells Fargo and other major credit card issuers have announced a new pilot program to make credit card approval easier for consumers without a credit score. Banks plan to share information about checking and savings accounts in order to develop another way to assess applicants’ creditworthiness, according to a Wall Street Journal […]]]>

Chase, US Bank, Wells Fargo and other major credit card issuers have announced a new pilot program to make credit card approval easier for consumers without a credit score. Banks plan to share information about checking and savings accounts in order to develop another way to assess applicants’ creditworthiness, according to a Wall Street Journal Report.

  • Without a credit score, it is virtually impossible to get a credit card from a major issuer.
  • Several large banks are now considering bank account activity as another way to assess an applicant’s creditworthiness.
  • The program could offer historically disadvantaged communities significant opportunities to obtain credit at a reasonable price.

Banks help make credit cards more accessible

Historically, it has been extremely difficult to obtain approval for a credit card, even a secure credit card– without credit score. While some credit card companies allow co-signers, many large emitters do not.

Today, however, some of the largest banks in the United States are working under pressure from regulators to think about ways to assess financial accountability outside of the credit system. Instead of focusing on past transactions with creditors, card issuers would look to the applicant’s bank accounts to assess their financial responsibility.

If an applicant doesn’t have a credit score, for example, but doesn’t have an overdraft or returned checks on their checking account, it could improve their chances of being approved for a credit card.

It is not an entirely new concept. Petal caused a stir in the credit card industry in 2018 when it launched a new credit card that did not require a credit score for approval. Instead, the fintech company asked applicants to connect their financial accounts, and the company would develop a cash flow score based on how they handled their money.

That same year, FICO announced a new credit scoring system that includes how consumers manage their bank accounts. So far, no bank has used it.

However, some large banks have executed small scale initiatives with the concept. Chase, Bank of America, and others have tweaked their risk models for existing customers with little or no credit history to include bank account activity with the same bank.

The new pilot program, which should start later this year, goes further, with around ten banks agreeing to exchange data. Applicants are not required to have a bank account with the credit card issuer they are applying to.

The banks are also discussing potential partnerships with financial data aggregators like Plaid and Finicity to factor an applicant’s rental and utility payment history into credit applications.

Why access to credit is important

When it comes to consumer debt, credit card debt is far from ideal. But according to FICO, more than 50 million adults in the United States do not have a traditional credit score. Thus, when they need credit, they are forced to resort to much more expensive and sometimes predatory options, notably payday loans.

The Consumer Financial Protection Bureau highlighted the problem in a 2015 report, showing that black and Latino adults were more likely to have no credit rating than white and Asian adults.

Without a credit rating, it is virtually impossible to access other forms of credit, such as auto loans, mortgages, and even private student loans, especially at reasonable rates.

The upcoming pilot program takes its spark from the REACh project, short for Roundtable for Economic Access and Change. The effort was initiated by the Office of the Comptroller of the Currency and challenged bankers, fintech executives, and leaders of nonprofits to develop ideas on how to improve access to the currency. credit for disadvantaged communities.

An underwriting system that takes into account alternative credit data can make it easier for people in these communities to qualify for a credit card. And if they use the card to demonstrate good credit habits, it can help them build a credit history, opening up more opportunities for car loans, mortgages, and more at a reasonable price.

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