Catholic funding – Catholics Come Home Boston http://catholicscomehomeboston.org/ Fri, 11 Nov 2022 09:51:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://catholicscomehomeboston.org/wp-content/uploads/2021/07/icon-2021-07-05T154232.929.png Catholic funding – Catholics Come Home Boston http://catholicscomehomeboston.org/ 32 32 Wagestream shares tips for employees to move from financial stress to financial well-being https://catholicscomehomeboston.org/wagestream-shares-tips-for-employees-to-move-from-financial-stress-to-financial-well-being/ Fri, 11 Nov 2022 02:04:01 +0000 https://catholicscomehomeboston.org/wagestream-shares-tips-for-employees-to-move-from-financial-stress-to-financial-well-being/ SYDNEY, November 11, 2022 /PRNewswire/ — Fintech for financial well-being Wagestream urge employees to Australia to take a few simple steps to move from financial stress to financial well-being – and says that even with rising prices and hard-to-get pay raises, there are simple steps that can be taken. Josh Vernon, co-founder and CEO of […]]]>

SYDNEY, November 11, 2022 /PRNewswire/ — Fintech for financial well-being Wagestream urge employees to Australia to take a few simple steps to move from financial stress to financial well-being – and says that even with rising prices and hard-to-get pay raises, there are simple steps that can be taken.

Josh Vernon, co-founder and CEO of Wagestream Aus

Encouragement comes after a joint report between ASIC and Beyond Blue published last month has demonstrated substantial evidence that financial wellbeing and mental health are linked, and that Australians are suffering from increasing cost of living pressures.

The ASIC & Beyond Blue report revealed that financial stress can contribute to conflict, social isolation, guilt and shame, stress, low mood, low self-esteem, substance abuse, panic attacks, self-harm and even suicidal ideation and actual suicide.

On the other hand, financial well-being occurs when a person can meet their expenses with some money left over, are in control of their finances, and feel financially secure now and in the future.

According Josh VernonCEO of Wagestream Australia, there are a number of tactics Australians can implement immediately to start moving from financial stress to financial well-being.

Use your own money (if possible) to pay for unexpected cash shortfalls

Josh Vernon continues: “It’s essential to have an emergency fund that you can access if you suddenly find that your car needs fixing or a huge energy bill hits you. That’s where the automation of regular savings is so useful.

“But if you find yourself in a sudden cash crunch, the last thing you want to use is an outstanding credit facility like a credit card or payday loan with significant fees. Instead, you can use your own money to pay for an unexpected expense via an “access to earned wages” offer.

“Products such as ‘earned pay access’ allow employees to access a portion of their earned pay before the end of their pay cycle. Because they are offered by employers, the fee is often subsidized , making it an affordable and responsible option.

“Knowing that you can access this service anytime from an app on your phone can also create great financial peace of mind, even if you never use it.

“Wagestream charges an apartment $2.49 fees for its earned wage access product, regardless of the amount an individual accesses flexibly. So it’s $2.49 to access $200 Where $2,000 – nothing complicated here.

“In many cases, the employer covers this cost for their employees as a social benefit. When the employer does not cover the cost, the employee pays the fixed costs. There are no other costs for employees to use the app – no fees for using our Grow, Learn, Track or Coach features and no interest or late fees on access to earned pay.”

Real wages are falling, so get over your debts

Josh Vernon continues: “Real wages are at their lowest point since late 2011 and most experts believe that this trend will not subside until the middle or end of 2023. Inflation in Australia and globally continues to rise and we are unlikely to have inflation within the RBA’s target range until next year.

“Despite an intense labor shortage that is driving up wages, wage increases are not yet in line with inflation. It will take a few years for real wage growth to catch up with inflation once inflation will reach the RBA’s target range. Most experts expect us to reach 2015 real wage levels in 2025 to 2026.”

Banishing financial stress involves getting a handle on any debt by being realistic about how much you owe and how soon you can pay it off.

“If you have multiple forms of debt, it can be helpful to create a list that ranks the debts from most expensive to least expensive. Then you can focus on paying off the most expensive debt first.

“Debt consolidation is potentially an option as well, which helps to reduce the financial complexity in an individual’s life. This complexity can lead to anxiety which can then translate into poorer financial decisions and outcomes.

“Most people get into debt out of necessity and sometimes those debts can pile up. Debt consolidation can mean just one regular repayment schedule, giving you a clearer idea of ​​when and how you could finally free yourself from your debts.

“It can, however, cost more in interest if the interest rate is higher and/or the term of the loan is extended, so each individual must weigh what is best for their own situation.”

Case Study: Eliza Kiers

Eliza Kiers recently moved from London at sydney with her British partner and three children, to pursue their dream of buying a house in the hinterland of Byron Bay.

His current challenge is saving for a down payment on a house, while traveling the UK every few years, dealing with expensive rent in Byron Bay and dining at Byron Bay’s amazing restaurants (one of the reasons why they wanted to move there!).

When she discovered the financial wellness features of the Wagestream app, including “access to earned pay”, she was thrilled for the extra help in achieving this goal.

According to Eliza: “While I would like a pay rise, I don’t see how employers could make wages go up as fast as inflation! But any support or tools my employer can provide for me help with money management would be great, as I don’t think managing personal finances well comes naturally to everyone, helping employees learn these life skills would be a real benefit.

“A friend in the UK told me about Access to Earnings, and to be honest I didn’t quite believe it at first. I spent the first week telling all my friends : ‘Is this real?! They give you access to your money right away!’ It’s really crazy that more employers don’t offer it!

“When we moved to Byron Bay, I was short on funds because I hadn’t yet received my first Australian paycheck, so I used Earned Wage Access when we needed to pay a rental deposit on the property we now live in, same day we found it.It was much cheaper, smarter and easier than using a credit card or loan.

“Discipline is not my strong point! I have automatic transfers set up directly from my payroll, so I don’t even realize I’m putting money aside. On the Wagestream app, I can see how much I’ve earned each day, and watch it go up – I find it really motivating It’s like a Fitbit tracker except for my munited.”

salaryflow (www.wagestream.com/au/) is the financial wellness app founded by charities, designed for employees and built around compensation and making work more inclusive, fair and rewarding for one million people – giving them access to financial services fair based on their remuneration.

Workers use Wagestream to choose their own pay cycle, manage their budget, save for bad weather, chat with a personal financial coach, and get fairer deals on financial products – all in one app, with no changes to payroll.

Wagestream is guided by a social charter: every service it provides must measurably improve financial well-being. Over 70% of people using Wagestream feel more in control of their money, resulting in a happier, healthier and more productive workforce.

SOURCEWagestream

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Financing options for Lyft and Uber drivers https://catholicscomehomeboston.org/financing-options-for-lyft-and-uber-drivers/ Fri, 04 Nov 2022 16:14:13 +0000 https://catholicscomehomeboston.org/financing-options-for-lyft-and-uber-drivers/ A rapid increase in the use of ride-sharing apps like Lyft and Uber has provided many job opportunities for people who want to generate income on their own schedule. The best part? These people only need a valid driver’s license and a car to start making money! Unfortunately, there are a few expenses associated with […]]]>

A rapid increase in the use of ride-sharing apps like Lyft and Uber has provided many job opportunities for people who want to generate income on their own schedule.

The best part? These people only need a valid driver’s license and a car to start making money!

Unfortunately, there are a few expenses associated with the role, and maintaining a vehicle to company standards and policies can be a bit costly. This is when Lyft and Uber drivers can consider outside sources of income to supplement their work, such as a Lyft driver payday loan.

Here are some other financing options to consider.

Why Rideshare Drivers Need Funding

Here are three of the most common reasons a Lift or Uber driver may need additional financial assistance:

For emergency funds

Being a driver for Lyft or Uber usually comes with a good financial package, but the job doesn’t come without its own set of significant expenses. For example, owning a car that can then be used for commuting can be quite expensive.

If you consider the cost of car upgrades and maintenance, gas, parking fees and accessories, money can quickly add up and become an unmanageable sum!

Debt Consolidation

This is a common strategy for paying off debt with a single financing solution. It is an ideal solution that helps borrowers to repay a loan amount in full. For a rideshare driver who may have balances with interest rates, debt consolidation may be a good idea.

Buy a new car

Using a loan to buy a new car can be a good way to solve a pretty big problem. After all, having a quality car is an asset as a Lyft or Uber driver. Taking out a loan allows drivers to have a solid source of income without having to dip into their savings or shell out hefty up-front payments.

Are they eligible for loans?

The simple answer is yes, Lyft and Uber drivers are eligible for certain loans.

Unfortunately, unlike contractors, Lyft and Uber drivers may have a harder time qualifying for any type of loan. This is largely due to the unpredictability of the ridesharing industry, stringent documentation requirements, poor credit history, and even employment status.

Types of loans available

There are different types of loans available for Lyft and Uber drivers to choose from and apply for, depending on specific circumstances. We have described some of the most suitable options below.

Payday loans

One of the main buffers to ensure that a car stays in pristine condition is a payday loan. Although this can be a practical solution if they are in a difficult situation, it often comes with higher interest rates which can make repayments much more expensive than they should be.

Secured loans

These have lower interest rates in exchange for collateral types of items. It’s one of the best types of loan a Lyft or Uber driver can get, and it’s good for improving credit scores. Yet, if a loan is not repaid on time, the car may be lost as collateral.

Unsecured Loans

It’s another good option for Lyft and Uber drivers to consider, but it’s much harder to qualify than other types of loans. If they don’t want to put their car under warranty, this is a great alternative.

Loans for bad credit

If rideshare drivers have a bad credit history and are not eligible for secured loans, this is a good alternative. However, it has stricter repayment terms and much higher interest charges as they pose more risk to lenders.

Credit card

It’s the best option for Lyft and Uber drivers looking to fund some bills from time to time. It’s a pretty straightforward route to a line of credit that can be used to make purchases for the car, buy gas, and even pay for needed repairs. However, they must repay the minimum amount before the delegated due date.

Personal loans

Lyft and Uber drivers can apply for personal loans in any situation. If they have collateral or decent credit, they can receive much lower rates on whatever loan they get. Whether they want to finance car repairs or buy months worth of fuel for the car, a personal loan can be a very useful tool!

Other financing options to consider

Instead of resorting to quick cash loans or payday loans with high interest rates and fees, here we have listed the various alternative funds that drivers can apply for.

Credit line

Sometimes a borrower does not need to take out a loan but still does not have enough money should an emergency arise. This is where a strong line of credit will come in handy. It provides Lift and Uber drivers with a comfortable cushion of funds to cover maintenance costs and other relevant purchases.

Cash advance

If a Lyft or Uber driver has bad credit, a cash advance may be the answer. It is not a loan, but rather a calculated cash amount that is given to the driver based on all of their future earnings.

Alternative Small Business Lending Platforms

There are many companies that might be willing to offer more suitable loans for small businesses operating in the economy, such as Lift and Uber drivers.

Depending on which lender they choose to go with, drivers could receive a loan of $10,000 and an additional $15,000 in the form of a line of credit.

These lenders usually charge higher interest rates, which can put anyone in a more difficult financial situation.

Summary

There is no doubt that being a Lyft or Uber driver can sometimes be quite an expensive task. Fortunately, drivers no longer have to shell out money out of pocket to cover work-related expenses. This is because there are many suitable financial alternatives.

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Why Your Clients’ Benefits Package Needs an Element of Financial Wellness https://catholicscomehomeboston.org/why-your-clients-benefits-package-needs-an-element-of-financial-wellness/ Wed, 02 Nov 2022 11:17:57 +0000 https://catholicscomehomeboston.org/why-your-clients-benefits-package-needs-an-element-of-financial-wellness/ Let’s be honest, no matter how experts characterize the country’s current economic volatility, American employees are still feeling the painful pinch of the rising costs of major daily living expenses like food, gas and housing. And for some of them trying to make ends meet, financial insecurity has become a reality. As these financial concerns […]]]>

Let’s be honest, no matter how experts characterize the country’s current economic volatility, American employees are still feeling the painful pinch of the rising costs of major daily living expenses like food, gas and housing. And for some of them trying to make ends meet, financial insecurity has become a reality.

As these financial concerns increase, they can have a significant impact on employees’ work performance, personal life, and future plans. And almost all employees (93%) look to their employer for financial wellness support. The question then becomes: what inventive benefits – from education and financial resources to loan repayment assistance and financial counseling – can you offer customers to help employees meet these challenges and, more importantly, regain their financial footing?

In figures: the impact of inflation on employees

Let’s start by taking a closer look at some of the causes of these money problems – and the effect it has on employees. Unsurprisingly, Americans say their main concern is paying for housing and living expenses:

  • House prices are still up nearly 11% from a year ago, and rising interest rates are having a brutal effect on the housing market. This drives up the cost of buying a home by several hundred dollars each month and crushes demand.
  • Additionally, single-family home rent prices have ballooned in the first half of 2022, reaching a national average of $2,495 per month, a 13.4% increase from the same period in 2021.
  • While fuel prices have recently fallen nearly 20% from a US national average high of $5.08 per gallon in June, the current average ($4.08/gal) is nearly double what she was in 2020.
  • Food prices jumped 13.1% in July, the biggest year-on-year increase since March 1979.

As debt continues to mount, so do financial shocks, which Pew defines as a significant loss of income or a major unforeseen expense, such as a trip to the hospital or a major car repair. In fact, 60% of Americans experience financial shocks and one-third experience two or more per year. That puts more financial strain on American families, nearly 70% of whom don’t have emergency savings. These costs are typically around $2,000, which is half a month’s worth of income for the median household.

The impact on employees is obvious. A new survey from financial services provider SoFi has found that just over half of employees are more stressed about their finances today than they were at the height of the pandemic and spend around 25% of their working week dealing with financial problems. The irony behind this brewing concern? While the majority of employees feel financial pressure, only 13% of employees say they can talk openly about money at work and get the help they need.

Cynthia Campbell, Director of Experience at BALANCE, an organization that provides comprehensive financial counseling and education services, is one person who has helped employees fight this double-edged sword.

Campbell explains how this prolonged surge of inflation tripped people up. “We saw consumers using credit as a ‘safety net’ during the pandemic when job losses were high. Now, even though we are reporting low unemployment, the average family is still struggling as inflationary prices for gasoline, groceries, clothing, etc., weigh on household budgets. People are turning to credit again, but now interest rates have gone up, making that credit more expensive. The monthly minimum payment increases as the balance increases, but the budget has no room for it. »

According to an August 30 report from the Federal Reserve Bank of New York, the average credit card debt held by households in the United States jumped 13% in the second quarter, the largest increase in such debt since 1999.

Campbell says that for many, the main challenge is often admitting they need help. “It’s hard for some to reach out and ask for advice. But when people shine a light on these financial issues and share the burden of this stress with another person, there seems to be a relief that washes over them.

Financial advisors can then work with employees to co-create a plan to address the specific financial issues they face, from paying off debt and student loans to restoring their credit score and preparing for a future. financially more stable.

“Employers underestimate the impact of financial stress on their employees. If an employee is stressed about their financial situation, they will not be fully present at work. They may also think they need a better paying job,” she adds.

Campbell suggests that it is in employers’ best interests to care about the financial well-being of their staff, just as they do about their physical and mental well-being. “Today’s job seeker is looking for an employer who cares about their ‘whole person’ and allows them to bring their true selves to the workplace.”

On the front line of financial stress

For several years, I worked with Jeff LeMay, ARAG’s Director of Customer Service and Claims. He oversees a team of customer service specialists who are on the front line, so to speak, of responding to member concerns and requests for legal assistance – many of which actually start with financial issues.

LeMay notes, “Members with questions about filing for bankruptcy are quite common. Often they don’t know if filing for bankruptcy is the right option; but they are anxious because they are drowning in debt and don’t know what else to do.

“We also hear from employees who are having difficulty repaying their student loans. We expect this to be an even bigger issue in 2023, as federal student loan forbearance — essentially a pause in payments — is set to end on December 31.

Other catalysts for financial insecurity include housing problems and unforeseen health care costs. “The members want legal help because the landlords are increasing their monthly rent and the member can no longer afford the new rate,” LeMay said. “Some members are also dealing with unexpected medical bills that they cannot pay, which can eventually lead to debt collection.”

Employees considering major steps, such as debt consolidation or bankruptcy options, need a reputable financial and legal advisor to:

  • Understand what each option entails
  • Know their short-term and long-term implications, and,
  • Find budgeting strategies to keep moving towards financial health

“A lot of Americans are in a world of unknowns and there’s a lot of anxiety,” adds LeMay. “But once they have a resource to turn to – and they’re on the right track to help solve their problems – it’s a big relief because it takes the burden off them, financially and emotionally.”

Find out what’s hidden in the current benefits offers

Part of the solution to helping employees improve their financial well-being may be right in front of you. Start by reviewing your clients’ existing human resources and benefits programs that can be leveraged as part of your financial wellness program. For example, your organization’s financial, banking, or life insurance partners may have tools, programs, or websites designed for your employees that you may not be promoting. This could include opportunities for financial education through a retirement plan.

But think outside the box

Consider what benefits could complement your existing programs and help employees move up the financial wellness ladder. This could include offering benefits such as:

  • A student loan repayment plan. This is a program designed to help employees get out of college debt and focus more on their savings goals. A sad reality is that nearly 15 million millennials are in debt, more than any other generation, which means employer-sponsored loan assistance is greatly appreciated.
  • Emergency Savings Accounts (ESA). These “rainy day” accounts allow automatic deposits through payroll deductions and are designed to encourage healthy savings habits. Unlike 401(k) accounts, ESAs are taxed as income and can be accessed as needed without penalty. ESAs provide short-term liquidity that can help protect long-term savings in retirement accounts.
  • Payday advance. As the name suggests, payday advance benefits provide employees with access to the salary they earned prior to the regular payroll cycle. While they don’t address the underlying problem of living paycheck to paycheck, they can help employees avoid costly payday lenders, late fees, and bank overdraft fees.
  • Legal insurance. For employees struggling with significant debt or financial problems, a legal expenses insurance plan could also be a valuable asset, providing affordable access to legal counsel who helps them understand their options as well as the short- and long-term implications. long-term financial decisions. Like some insurers, legal insurance companies can offer their members access to a financial advisor for personalized advice.

By exploring new and existing avenues of financial wellness benefits, you’ll increase the overall value and appreciation of your customers’ offerings, which can be especially impactful in these times of economic volatility. Plus, the enhanced benefits will speak volumes for employees seeking help from their employer to meet their financial challenges. Reducing employee financial stress and insecurity and improving overall well-being is a win for them and, ultimately, your customers.

Denis Healy is a member of the ARAG® management team. He is a strong advocate for legal expenses insurance because he has seen firsthand how it helps people get the legal protection and help they need. He has over 30 years of experience in the insurance industry, with a particular focus on selling group voluntary benefits products to employer groups of all sizes through the broker community. and consultants.

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What is a bad credit personal loan? https://catholicscomehomeboston.org/what-is-a-bad-credit-personal-loan/ Wed, 26 Oct 2022 07:00:00 +0000 https://catholicscomehomeboston.org/what-is-a-bad-credit-personal-loan/ A bad credit loan is a type of personal loan that caters to borrowers with lower credit scores. They can be used for a variety of purposes, such as covering financial emergencies, consolidating debts or paying medical bills. Personal loans for bad credit work in the same way as other personal loans – they usually […]]]>

A bad credit loan is a type of personal loan that caters to borrowers with lower credit scores. They can be used for a variety of purposes, such as covering financial emergencies, consolidating debts or paying medical bills.

Personal loans for bad credit work in the same way as other personal loans – they usually have a fixed interest rate and are payable in fixed monthly installments. But here’s the main difference: they often come with higher interest rates and fees.

Where can you get a loan for bad credit?

You can get a bad credit personal loan from many places, such as:

  • credit unions. Since credit unions are member-owned institutions, they may be willing to offer you a loan even if you have less than stellar credit.
  • Online lenders. Many online lenders offer loans for bad credit. For example, Avant offers loans to consumers with credit scores as low as 580.
  • Traditional banks. You can also get one from a bank, although they tend to have stricter credit requirements. And if you have a relationship with the bank, you may be offered an interest rate reduction.

Who might want to consider a loan for bad credit?

A bad credit loan may be worth considering if you need money fast and can’t get approved for a traditional loan. You could pay several hundred or thousands of dollars more in interest. Still, the rate is usually much lower than what payday lenders charge, and some lenders offer same-day or next-day financing.

A secured loan is a good choice for borrowers who are confident they can make loan payments on time. These are ideal for people who have something to use as collateral and could benefit from lower rates.

An unsecured loan could be ideal if you prefer not to put an asset as collateral and don’t mind paying a higher cost to borrow the funds you need.

How much does a personal loan cost when you have bad credit?

It depends on the lender and your credit rating. You can expect an APR of up to 36% when you take out a bad credit loan.

A lower credit score means you’ll usually get a higher interest rate because there’s a higher risk of default. But if you opt for a secured loan, the lender might give you a slight reduction in interest because they will assume a little less risk.

How to avoid predatory bad loans?

Not all bad credit loans are the same. When weighing your options, consider these factors to assess whether the loan you’re considering is a safe and viable choice:

  • Is the lender trustworthy? The lender must be registered to do business in your state and have a physical address and a secure website.
  • Does the lender impose prepayment penalties? You may want to avoid bad loans with prepayment penalties. Otherwise, you will be charged a fee if you get back on track sooner rather than later and repay the loan sooner.
  • Is the interest rate excessive? Bad loans come with high interest rates. The quote from your preferred lender should be comparable to what other lenders offer. Otherwise, it may be a scam.
  • What are the refund conditions? Avoid bad loans with extended payment terms. The lender may extend the loan to make your monthly payment more affordable, but you’ll also pay a fortune in interest because they’ll have more time to cash you in.

Also look for lenders who guarantee approval before you apply or require an upfront payment to secure a loan. Both are signs of a scam, and these lenders should be avoided at all costs.

What are the alternatives to a loan for bad credit?

If you can’t get approved for a bad credit loan or would rather explore other options, here are some alternatives to consider:

  • Credit card: Some credit card companies offer products for consumers with past credit issues. Only consider options that don’t charge high annual fees or monthly maintenance fees if possible.
  • Payday Loans: These loans should only be used as a last resort as they often come with three-digit interest rates. Plus, they’re usually due within two weeks and can strain your finances if you can’t pay. You may incur additional interest and charges due to the rollover of the loan.
  • Family or friends: You can also ask a relative or friend to lend you money. Put an agreement in writing to avoid confusion, and only commit to a repayment schedule that you can comfortably afford and that suits your budget.

As you get back on track financially, consider improving your credit health and building an emergency fund. This way, you won’t have to resort to a bad credit loan if you run into financial difficulties in the future.

At the end of the line

If you need money quickly to meet various expenses, taking out a bad credit personal loan is a potential solution. But before you do that, ask yourself if you can afford higher borrowing costs and explore cheaper alternatives. For example, a friend or family member may be willing to lend you money at a much lower interest rate. Also watch out for potential scams – avoid lenders who guarantee approval or charge excessively high rates compared to other lenders.

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In a pinch? Here are the four loans you can get the fastest https://catholicscomehomeboston.org/in-a-pinch-here-are-the-four-loans-you-can-get-the-fastest/ Sun, 23 Oct 2022 14:00:26 +0000 https://catholicscomehomeboston.org/in-a-pinch-here-are-the-four-loans-you-can-get-the-fastest/ Image source: Getty Images Here are some quick ways to get cash ASAP. Key points You can use your credit card to pay, as well as to get a cash advance. Payday loans are a quick way to get cash, but have APRs of up to 400%. If you have valuables, you can get cash […]]]>

Image source: Getty Images

Here are some quick ways to get cash ASAP.


Key points

  • You can use your credit card to pay, as well as to get a cash advance.
  • Payday loans are a quick way to get cash, but have APRs of up to 400%.
  • If you have valuables, you can get cash through a pawnbroker, or you can use your car as collateral for a title loan.

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 getting a personal loan, it’s important to understand the different types of personal loans and find the right one 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.

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.

Discover: These personal loans are the best for debt consolidation

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

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, however. 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. These are short-term secured personal loans secured 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. Understanding 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.

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What is socially responsible investing? https://catholicscomehomeboston.org/what-is-socially-responsible-investing/ Wed, 19 Oct 2022 07:28:27 +0000 https://catholicscomehomeboston.org/what-is-socially-responsible-investing/ Alliance Images / Shutterstock.com Editor’s note: This story comes from Wealthramp. When you decide to invest in stocks, do you care whether your money is invested in stocks that are considered socially responsible? Do factors such as how the company treats its employees or its use of toxic chemicals in manufacturing influence your decision whether […]]]>
Alliance Images / Shutterstock.com

Editor’s note: This story comes from Wealthramp.

When you decide to invest in stocks, do you care whether your money is invested in stocks that are considered socially responsible?

Do factors such as how the company treats its employees or its use of toxic chemicals in manufacturing influence your decision whether or not to invest in the company?

Socially Responsible Investing, also known as Sustainable Investing, is investing your money in companies that actually contribute to the greater good of society, whether it’s helping their own employees, making an effort to clean up the planet or take action to solve the world. problems.

Here’s an overview of what that means and how to judge if it’s a good idea.

Socially responsible investing incorporates ESG factors

Julia Ardaran / Shutterstock.com

A successful investment requires a long-term commitment. It’s not just about avoiding owning stocks of tobacco companies or payday lenders, these investors consider three key factors when deciding where to put their money: environmental, social and governance (ESG) . If you are an ESG investor, you want to know:

  • Environment — What is the impact of the company on the environment? Does it implement green energy initiatives? How does it deal with carbon emissions, waste management and water pollution?
  • Social — How does the company treat its employees? Does it have policies on sexual harassment? Does it practice diversity and inclusion and fair labor practices? What is its human rights record?
  • Governance — How diverse is the company’s board and management team? What are the company’s political contributions? How do its existing shareholders feel?

Socially responsible investing is also making a difference

Krakenimages.com / Shutterstock.com

But socially responsible investing goes beyond a company’s ESG factors. Other strategies considered for sustainable investing include:

  • Impact Investing –Impact investing is when you invest in companies that focus on social and environmental impact. For example, investing in electric car companies like Tesla or sustainable agriculture companies like Bioceres Crop Solutions.
  • Activist investment — An activist investor buys a large amount of stock in an underperforming company to influence the company and its management to take specific actions to increase the value of its stock.

Socially responsible investing is not a fad

fizkes / Shutterstock.com

Once considered a niche investment strategy, socially responsible investing is now seen as more mainstream, especially among millennials and women.

According to Morningstar’s Sustainalytics, $70 billion was invested in ESG funds in 2021. That’s about 14 times more than three years ago. The number of sustainable funds and ETFs available to invest has also increased three times more than three years ago.

As this momentum builds, women continue to lead the socially responsible investing movement. A recent Cerulli Associates poll found that 52% of women preferred to invest according to their values ​​by owning shares in companies that have a positive track record for social or environmental impact, compared to 44% of men.

And the returns? You can earn money and make a difference

Equity investor
Viktoriia Hnatiuk / Shutterstock.com

You don’t have to be a hippie to jump on the socially responsible investing bandwagon. You also don’t have to sacrifice investment returns to invest sustainably.

Over the past two years, socially responsible funds have performed as well as, if not better than, conventional funds. S&P Global Market Intelligence analyzed the performance of 26 exchange-traded funds (ETFs) and ESG mutual funds during the first 12 months of the COVID-19 pandemic and found that 19 outperformed the S&P 500 .

Socially responsible investing is also becoming much more accessible to individuals. In fact, you might now find ESG funds added to your own 401(k) plan. The US Department of Labor has proposed regulations that would allow trustees to consider ESG factors when selecting investments for your employer’s retirement plan.

The number of opportunities to invest in shares of companies deemed to be socially responsible, and in an inexpensive way, is multiplying. These are just a few ETFs to consider if you’re interested in socially responsible investing.

  • iShares Global Clean Energy ETF (ICLN) — This ETF includes companies around the world that generate “clean energy” from solar, wind and other renewable sources. Holdings include Enphase Energy Inc., SolarEdge Technologies Inc, Vestas Wind Systems, Plug Power Inc. and First Solar Inc.
  • Shelton Green Alpha Fund (NEXTX) — Green economy enterprises that “improve human well-being and increase economic efficiency, while significantly reducing environmental risks and ecological scarcities” are included in this ETF. Holdings include Tesla, Moderna, Applied Materials, IBM and JinkoSolar Holding Co. Ltd.
  • AllianceBernstein Sustainable Global Thematic Fund (ATEYX) — This fund identifies sustainable investing themes that are broadly consistent with achieving the United Nations Sustainable Development Goals, such as health, climate and empowerment. He owns 30 to 60 stocks, including Waste Management Inc., Deere & Co., Microsoft Corp. and Apple Inc.
  • iShares ESG Aware MSCI EAFE ETF — This fund exposes you to large and mid-cap stocks from Europe, Australia, Asia and the Far East that have favorable ESG ratings. Holdings include Nestlé SA, Roche Holding Par Ag, Shell PLC, Novartis AG, AstraZeneca PLC and Toyota Motor Corp.
  • First Trust Global Wind Energy ETF (FAN) — This ETF focuses on wind energy companies around the world. Included companies are actively engaged in some aspect of the wind energy industry, such as developing or operating a wind farm, generating or distributing electricity generated by wind energy, or participating the design, manufacture or distribution of machinery or materials designed specifically for the wind energy industry. Holdings include Northland Power Inc., Vestas Wind Systems, Engie, Boralex and Innergex Renewable Energy Inc.
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How to Get a $20,000 Personal Loan – Forbes Advisor https://catholicscomehomeboston.org/how-to-get-a-20000-personal-loan-forbes-advisor/ Mon, 17 Oct 2022 16:48:37 +0000 https://catholicscomehomeboston.org/how-to-get-a-20000-personal-loan-forbes-advisor/ Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. Whether you’re looking to renovate your home, consolidate debt, or pay for another big expense, you may be looking for a personal loan. Many lenders offer $20,000 personal loans that you can […]]]>

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Whether you’re looking to renovate your home, consolidate debt, or pay for another big expense, you may be looking for a personal loan. Many lenders offer $20,000 personal loans that you can use for almost any purpose; some lend up to $100,000. However, to borrow such a large sum, you may need good credit and a stable income.

Follow these five steps to get a $20,000 personal loan.

1. Consider qualification requirements

Before applying for a loan, it helps to understand the terms of the loan. Here are some factors that lenders typically consider when evaluating your $20,000 personal loan application:

  • credit history. Personal lenders review your credit history before approving you for a loan. Your credit history reveals your past and present accounts, including loans and credit cards. If you have negative ratings, a lender may consider you a subprime borrower and reject your application. You can view your credit reports for free through AnnualCreditReport.com. If you see any errors, try to dispute them before applying.
  • Credit score. A lender also considers your credit score, which is a numerical representation of your credit history. Credit scores range from 300 to 850, with good scores starting at 670. Requirements vary by lender for personal loans, with some requiring a score of 560 and others looking for 660 or higher. You can check your credit score for free with a credit monitoring service or with some credit card providers.
  • Revenue. Lenders look at your income to make sure you’ll be able to repay the loan on time and in full. When you apply, you’ll likely need to upload pay stubs, W-2 forms, or bank statements for the lender to review.
  • Debt-to-income ratio (DTI). Lenders are also concerned about your DTI ratio, or how your monthly debt compares to your monthly income. If your DTI is high, you can reduce it by paying off debt or increasing your income.
  • Collateral. Personal loans are generally unsecured, which means they do not require collateral. However, a secured, collateral-backed personal loan may be an option if you cannot qualify for an unsecured loan. Lenders often offer higher loan amounts and lower interest rates on secured loans. Some common types of collateral are your car title or a savings account. The risk of a secured loan is that you could lose your asset if you default on payment.

2. Prequalify with multiple lenders

A $20,000 personal loan is a significant sum of money, so it’s worth comparing several lenders before deciding on a loan. Many lenders allow you to check your rates online through prequalification. This allows you to view loan offers without any impact on your credit score. After providing a few personal details, you will be able to see what fares you may qualify for.

Note that prequalifying for a loan does not guarantee rates and terms. A lender will still need to review your documentation and perform a credit check. After you apply, your rates and terms may differ from what you initially saw. However, prequalifying can still give you a good idea of ​​what your rates might be and whether or not you will qualify for a $20,000 loan.

3. Compare your offers

Once you’ve researched rates from multiple lenders, take the time to compare the details of each loan offer. Use a personal loan calculator to estimate your monthly payment and long-term interest charges.

Don’t forget to consider monthly payments, interest rates and fees. Some ongoing fees include origination fees, disbursement fees and a prepayment penalty. High fees could offset the savings you get from a low interest rate.

The annual percentage rate (APR) measures both the interest rate and the fees, so it is a more inclusive rate than the interest rate alone. Focusing on the APR can therefore help you compare your loan offers on an apples-to-apples basis when looking for the most affordable.

4. Complete and submit your application

If you want to go ahead with a loan offer, complete and submit an application. The application will be more detailed than the pre-qualification form.

It will ask you for your personal details, including the amount and purpose of your loan. You will also need to upload verification documents, such as payslips or W-2s.

Finally, the lender will perform a rigorous credit check, which could temporarily reduce your credit score by a few points. As long as you make on-time payments on your loan, your score should recover within a few months.

5. Manage and repay your loan

Once you submit your application, you will wait for your $20,000 personal loan to be approved. Some lenders can approve loans in as little as one business day, while others take days or weeks.

Once your loan is approved, you will sign and submit your final loan agreement. Pay close attention to the terms of your loan, including how long you have to repay the loan and when your monthly payment is due.

The lender will deposit the loan proceeds into your bank account. Once you have the loan, you can use it to pay for home renovations, debt consolidation, or whatever else you need it for.

You’ll likely start making your monthly payment on the loan right away. Consider setting up automatic payment from your bank account to ensure you don’t miss any payments.

How to get a $20,000 loan with bad credit

Qualifying for a $20,000 loan with bad credit could be difficult. Lenders generally require good credit to borrow such a large sum.

However, every lender is different, so it’s worth shopping around to see if they’re willing to work with you. You can try checking with your bank or credit union, who may be more flexible with existing customers.

Some lenders allow you to apply with a cosigner, whose good credit might offset your limited credit and help you qualify or get better rates. You can also opt for a secured personal loan rather than an unsecured loan, which may have lower credit requirements. Make sure you don’t fall behind on your payments, though, or you risk losing your guarantee.

You can also look into peer-to-peer (P2P) lending, which is funded by individual investors rather than financial institutions and tends to have more flexible borrowing criteria. Another option for borrowers with bad credit is alternative borrower payday loans, although borrowing limits are set at $1,000 or $2,000.

If you don’t need a $20,000 personal loan right away, consider improving your credit before applying. Paying off your debts, making timely payments on your loans, and disputing errors on your credit report can all help. Reducing your credit utilization ratio, or the amount of credit you use compared to what’s available to you, can also increase your score.

Improving your credit score before you start the loan search process could make it easier to qualify and help you get better rates.

Where to get a $20,000 loan

Long term costs of a $20,000 loan

When you borrow a $20,000 personal loan, you end up paying a larger amount due to interest and fees. Your long-term costs will depend on your interest rate, fees, and repayment term. A lower rate and fewer (or no) fees can save you money, which is why comparing with multiple lenders is essential.

Opting for a shorter term can also save you money on interest, but it will mean higher monthly payments. On the other hand, a longer repayment term will seem more affordable from month to month, but will incur higher interest charges in the long run. Most lenders offer repayment terms between one and seven years.

Say, for example, you take out a $20,000 personal loan with an APR of 10%. This chart compares your monthly payment and long-term interest charges under various loan terms.

Our personal loan calculator can help you estimate your monthly payment and the cost of borrowing. When choosing a loan term, try to strike a balance between getting an affordable monthly payment and keeping interest charges to a minimum.

Compare personal loan rates from top lenders

Compare personal loan rates in 2 minutes with Credible.com

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Cost of living crisis: do you lack the help of your employer? | Social advantages https://catholicscomehomeboston.org/cost-of-living-crisis-do-you-lack-the-help-of-your-employer-social-advantages/ Sat, 15 Oct 2022 09:00:00 +0000 https://catholicscomehomeboston.org/cost-of-living-crisis-do-you-lack-the-help-of-your-employer-social-advantages/ Many employers are stepping in to help workers cope with the rising cost of living, with some companies offering a one-time bonus or other assistance ranging from enhanced employee discounts to free food. Some big companies are giving lower-paid workers extra money to help combat the impact of soaring inflation and higher bills. In the […]]]>

Many employers are stepping in to help workers cope with the rising cost of living, with some companies offering a one-time bonus or other assistance ranging from enhanced employee discounts to free food.

Some big companies are giving lower-paid workers extra money to help combat the impact of soaring inflation and higher bills.

In the meantime, there may be benefits you haven’t used that could help you balance your budget even if your boss doesn’t give you a raise.

For example, many companies offer perks such as discounts at local businesses, bike-to-work programs, membership loans, free eye tests, and the ability to resell unused vacation time.

Jonathan Watts-Lay, director of Wealth at Work, a financial wellness and retirement specialist, says if you’re struggling with your finances, talk to your employer to find out what help they have. “Even if they’re not offering anything at the moment, sharing the challenges you’re facing can inspire them to build support.”

Likewise, your union – if you’re a member of one – will often offer offers and other help, so take the time to see what’s on offer.

Cost of living payments

Wealth at Work says if you’re having difficulty with your finances, talk to your employer. Photograph: Dominic Lipinski/PA

Major employers, including HSBC, John Lewis and Virgin Media O2, are paying some workers extra payments to help them cope with the rising cost of living.

Virgin Media O2 announced earlier this month that it would make payments totaling £1,400 to employees earning £35,000 and under.

The first payment of £400 will be issued next month, followed by another £400 in January 2023 and then six payments of £100 per month until July 2023.

Meanwhile, John Lewis recently revealed that full-time staff will receive a one-off £500 cost of living payment – with part-time staff eligible for a lower amount.

Banks including HSBC and Nationwide are offering the lowest paid staff bonuses of £1,500 and £1,200 respectively.

Wage increases

Other companies say they are giving staff a pay rise to combat the rising cost of living rather than making lump sum payments. However, there will often be different reasons why companies raise wages – for example, in sectors such as hospitality and retail, these are likely to be staff shortages and companies competing to recruit and retain workers who are the main factors behind some of the recent wage increases.

That said, some companies target salary increases towards the lowest paid staff members.

English breakfast: fried egg, bacon, beans and toast on a plate close-up.  horizontal top view
Some companies offer free food to workers during shifts.
Photography: Sergii Koval/Alamy

Free food and help with bills

Some employers are handing out free meals and snacks to help workers cope with the cost of living crisis, while others have hardship funds to support staff struggling to pay their bills.

For example, John Lewis and Waitrose will offer free food during the winter and will also double their financial aid fund to help workers pay their bills.

Sainsbury’s says it will give workers access to ‘basic groceries’ during their shifts from this month.

Hybrid work and expenses

Allowing staff to work flexibly between home and the office allows people to weigh the cost benefits, for example, saving money on your commute versus using more gas and electricity while working from home.

You must also ensure that you claim reimbursement for all expenses to which you are entitled. For example, your employer may agree to pay a certain amount for fuel costs or to cover food and beverages if you need to be out of the office.

Discounts

Check to see if your company offers discounts as part of your benefits package.

For example, they may have agreements with local stores or other businesses such as salons and gyms, to give money to employees.

Some supermarkets are increasing their employee discounts as part of their package to help workers cope with the cost of living crisis.

As well as a pay rise for staff, Tesco has increased its Clubcard discount allowance for employees from £1,000 to £1,500, meaning workers can get 10% off – rising to 15% off discount every pay weekend.

Asda has scrapped the 12-week qualification period for workers to access the 10% staff discount. The grocer says there is no cap on how much employees can spend with their card and it saves them around £400 a year.

Meanwhile, Iceland has increased its staff discount offer from 10% to 15% off.

Resell annual leave

Some companies give workers the option of buying or selling vacation days at a certain time of the year.

If you think you don’t need all of your vacation allowance, you may be able to sell some of it back to the company and get paid instead.

Debt help

You may be able to get debt help through your workplace. Many companies offer financial education seminars on debt management to help employees understand how to manage and repay debt, and what help is available, says Wealth at Work. Some also offer loan consolidation through payroll, to support those who need help paying off their debts.

Check with the human resources department to see what your company offers. If there is no specific debt support service available, they should direct you to the appropriate support. For example, a charity such as StepChange or the government service MoneyHelper.

Salary sacrifice, etc.

Someone rides along a cycle lane alongside heavy traffic in Birmingham.
Does your company offer a work-cycle program? Photograph: Jacob King/PA

Many companies offer “wage sacrifice” options like work-to-bike programs or things like loaner season tickets.

With wage sacrifice, payments for the bike, car, or whatever are deducted from your gross income.

These programs will often allow you to spread the cost of big-ticket items over several months and can help you manage your money.

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Over 40,000 Australians supported with interest-free loans https://catholicscomehomeboston.org/over-40000-australians-supported-with-interest-free-loans/ Mon, 03 Oct 2022 22:53:31 +0000 https://catholicscomehomeboston.org/over-40000-australians-supported-with-interest-free-loans/ NAB announced today that a record $27 million has been provided in interest-free loans to more than 40,000 low-income Australians since January this year. This figure compares to $23 million in the same period last year. To help low-income Australians with the cost of basic necessities, NAB partners with Good Shepherd, state and federal governments, […]]]>

NAB announced today that a record $27 million has been provided in interest-free loans to more than 40,000 low-income Australians since January this year. This figure compares to $23 million in the same period last year.

To help low-income Australians with the cost of basic necessities, NAB partners with Good Shepherd, state and federal governments, and a network of more than 30 community organizations across Australia, to provide interest-free loans. This supports the purchase of basic necessities such as refrigerators, medical bills, cars or computers, with customers repaying only the borrowed amount in small, regular installments.

NAB’s customer vulnerability manager Mike Chambers said “interest-free loans” were vital for people in financial difficulty.

“Interest-free loans are specifically designed for people who earn less than $70,000 or who have a health or retirement card,” Chambers said.

“They allow customers to borrow money for essentials without having to pay fees or interest.

“We also just launched interest-free vehicle loans, which allow people to borrow up to $5,000 for a car. This has transformed customers who need a means of transport they can rely on on a daily basis.

“The current cost of living challenge has certainly made initiatives like our interest-free loans even more essential for those on low incomes.”

Recent data from NAB revealed that one in 10 Australians have turned to a payday lender when under financial pressure.

“Often, in desperate times, people feel like they have no options and turn to payday lenders to help them solve their financial problems quickly,” Chambers said.

“An interest-free loan, on the other hand, is a more durable solution that won’t leave someone in a potentially worse situation.

“It’s important for anyone in financial difficulty to know that there is help available, whether through their bank or organizations like Good Shepherd.”

Rosetta Ianchello, a single mother of two, said she was thrilled when she found there were no interest-bearing loans available and it was the boost she needed to get back on her feet.

“I took out an interest-free loan earlier this year and it was easy for me to manage due to the lack of interest,” Ms Ianchello said.

“I also liked having someone walk me through the process.”

Although no interest loans are available for home loan repayments, customers concerned about their financial situation are encouraged to speak to NAB Assist. Through NAB Assist, clients can access repayment breaks, debt consolidation, financial counseling and other counseling services.

Customers can apply for financial support here.

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4 times a variable APR makes sense https://catholicscomehomeboston.org/4-times-a-variable-apr-makes-sense/ Fri, 23 Sep 2022 12:10:52 +0000 https://catholicscomehomeboston.org/4-times-a-variable-apr-makes-sense/ Image source: Getty Images When it comes to borrowing money, one of the decisions you will need to make is whether you want a variable rate or a fixed rate loan. A variable interest rate is a rate that goes up and down over time. Since floating rates are tied to an underlying benchmark interest […]]]>

Image source: Getty Images

When it comes to borrowing money, one of the decisions you will need to make is whether you want a variable rate or a fixed rate loan. A variable interest rate is a rate that goes up and down over time. Since floating rates are tied to an underlying benchmark interest rate, they mimic what happens with that underlying rate. For example, the variable interest rate increases if the reference rate increases.

Although fixed rate loans are more common, you might be surprised to learn that an adjustable rate loan is best for you in certain situations. Here are four.

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1. You don’t expect to keep a loan for long

Let’s say you’re moving to a new city, but know that you’ll only be there for two or three years. You buy a house and find that the variable interest rate is lower than the fixed rate. The less you carry a variable interest rate mortgage, the less likely it is that the underlying benchmark will rise and your variable rate will rise. It may therefore be wise to opt for a variable rate when you know that you are not going to keep the loan for long.

Another example would be if you are expecting funds from an annuity, life insurance, or a bonus at work. If you’re borrowing money in the months leading up to that big payday (and plan to pay off the loan with the money), a variable rate can save you money because of the lower interest rate.

2. You think interest rates will go down

Like the weather, interest rates can change from day to day. If you’re borrowing money and everything points to lower interest rates, taking out a variable rate loan means your monthly payment could go down as well. That said, if you’re wrong and the interest rate goes up, you’ll see your payments go up.

3. You use the monthly savings to repay the principal

Imagine you take out a $50,000 debt consolidation loan. The fixed interest rate is 6% and the variable rate starts at 4%. The term of the loan is 10 years. By opting for the variable interest rate, you will save approximately $50. If you plan to use those monthly savings to repay the principal (the original amount you borrow), you’ll not only prepay the loan, but you’ll also save over $1,200 in interest.

The catch is that this plan only works if the variable interest rate doesn’t increase before the loan is paid off. The longer you have a variable interest rate, the higher the rate will increase.

4. Accepting a variable rate is the only way to qualify for the loan

If you are making a major purchase, such as buying a house or land, and you don’t qualify for a fixed rate mortgage, you may qualify for a variable rate mortgage. lower interest and a monthly payment.

However, if what separates you from a loan is a slightly higher interest rate, you may want to reconsider the purchase, at least for now. The fact that you do not qualify for the fixed rate loan indicates that you may be taking on a larger obligation than you can comfortably afford.

The bottom line is this: A variable rate loan generally only makes sense in specific situations. A fixed rate loan allows you to budget knowing that your loan payments won’t increase over time. If you can get a low enough interest rate on a fixed rate loan, it’s almost always the most reliable choice.

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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.

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