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Online lenders tighten up to face COVID storm

But some of their peers are. Typically, companies that provide unsecured loans to consumers at high interest rates, usually to cover sudden and unforeseen expenses, tighten their underwriting standards, which means that some consumers who would have qualified for credit before the pandemic takes hold in the United States now …

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What is debt and how to deal with it

In its simplest form, debt is defined as money owed by one party to another. But it can quickly get complicated. Depending on how much you have and how you manage it, debt can be a useful financial tool or complicating baggage. Know how manage your debt can be tricky, …

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Credit or Debit: What’s Better for Kids?

Every Monday, around 7:20 a.m., my family goes through a mad scramble to find $ 10 in cash. My 13 year old son needs exactly $ 9.90 to buy his weekly train ticket on his way to school. Sometimes we all forget that he left home, and one of his …

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Synchrony expands its arsenal of technological digital payment solutions for its partners; Provides contactless purchasing options for customers

Synchrony’s investments in tools and technology meet the needs of partners and consumers by developing secure digital payment solutions to provide transparent and socially distant transactions. Direct to Device is the latest tool in Synchrony’s arsenal of contactless payment options. About 70% of Synchrony’s second quarter credit applications were processed …

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Money management: 4 tips to take control of your finances

What exactly is money management? It’s a plan for your money so you can get the most out of it. This plan usually involves budgeting and saving money, avoiding or reducing debt, and investing in your future. If learning to manage your money seems daunting or stressful, take it one …

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9 types of COVID-19 relief for college students

Colleges across the country have switched to online learning only amid the coronavirus pandemic. If you are left embarrassed, the federal stimulus provides student loan relief, but you’ll also want to look to your university for answers. All students who have federal loans have the right to delay payments, without …

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Don’t be afraid to test your car salesman

If you work with a good car salesperson the buying process can be fun and you will be more confident than you are. Make a good deal. Unfortunately, most people think they should stick with the salesperson who catches them first, even if they start to feel pressured, intimidated, or …

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5 steps to take before consolidating your credit card debt

Although Americans hold more than $ 1 trillion in revolving debt, according to the Federal Reserve, many have never tried to consolidate what they owe. In our recent survey out of more than 1,000 credit card users, 48% of respondents indicated that they had never tried to consolidate their credit …

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How to live with the low limit on your first credit card

The thrill of being approved for your first credit card may subside – at least a little – when you see the news punctuate this congratulatory message: Your new credit limit is lower than you expected. Mental arithmetic therefore begins. Can you shop for a full month without flying too …

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