Credit check – 100 CSKD http://100cskd.com/ Wed, 16 Nov 2022 20:33:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://100cskd.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Credit check – 100 CSKD http://100cskd.com/ 32 32 It has become cheaper and easier to get out of IAD airport https://100cskd.com/it-has-become-cheaper-and-easier-to-get-out-of-iad-airport/ Wed, 16 Nov 2022 20:33:35 +0000 https://100cskd.com/it-has-become-cheaper-and-easier-to-get-out-of-iad-airport/

Image source: Getty Images

DC travelers can now easily take the subway to Washington Dulles International Airport.


Key points

  • Until recently, you couldn’t take the Washington DC Metrorail to Washington Dulles International Airport (IAD).
  • The extension of the metro’s blue line now makes it easy and inexpensive to get to the airport.
  • A subway ride from Washington DC to IAD will cost at most $6.

For Washington DC residents, getting to Washington Dulles International Airport (IAD) can now be easier and cheaper. Metrorail’s Silver Line was expanded to extend rail service to IAD and other stations in Northern Virginia. For those who live near a metro station and travel frequently, this could translate into savings.

Silver Line’s long-awaited expansion is complete

The second phase of Metrorail’s 1.5-mile Silver Line expansion project has taken years to prepare. Despite many setbacks, the project is now complete, and it is possible to take the metro from DC to IAD.

Since November 15, 2022, passengers can now take the metro to and from the airport. In addition to connecting to the new Dulles Airport station, the line expansion has added more subway stops in northern Virginia, expanding transit options for many people. .

Check it out: This card has one of the longest 0% interest intro periods.

More: Consolidate your debt with one of these top-rated balance transfer credit cards

Previously, travelers had to make alternate arrangements to get to the airport. For those without a car, ride-sharing services like Uber and Lyft are a popular way to get to the airport. However, it was an expensive choice.

Now travelers can save money and get to and from IAD more easily. If you live in the area, this news could help keep your credit card balance low.

Calculation of cost savings

You might be wondering how much money this will save the average person.

The cost of using a ride-sharing service

Carpooling prices vary depending on the time of day, service demand and departure location. But it’s definitely not affordable to take an Uber or Lyft from DC to IAD.

We used two popular ride-sharing apps to calculate the estimated cost and travel time from the Dupont Circle area to IAD on a Wednesday afternoon, with an arrival time of around 3 p.m.

  • The lowest price for Uber is $62; the trip would take about 40 minutes.
  • The lowest price for Lyft is $57; the trip would take about 40 minutes.

Of course, this could cost significantly more during a busier time of day and when user demand is high.

The cost of the metro to IAD

So, is it cheaper to take the Metrorail? Subway travel costs are determined by travel time and time of day.

  • At peak times, a one-way ticket costs between $2.25 and $6.
  • When traveling during off-peak hours, a one-way ticket costs between $2.00 and $3.85.

This means that the highest possible one-way cost is $6 and the lowest possible price is $2. At these prices, you don’t have to give up your budget.

We used the subway trip calculator to calculate the costs for a similar trip.

Let’s say you are traveling from Dupont Circle station to the brand new Dulles Airport station. If you are traveling on a Wednesday and plan to arrive at the airport around 3 p.m., you will spend $3.85 and the total travel time will be approximately 75 minutes.

So, even if taking the metro to get to the airport will take longer, it is an economical solution.

Small lifestyle changes can add up to big savings

If you are a frequent traveler and usually travel to and from IAD, switching to the Metro could help you keep more money in your bank account.

Even if you don’t live in Washington, DC, you may be able to make small changes in your life to save more money. This may mean cutting down on your out-of-pocket expenses or checking out books at your local library instead of buying new books online.

Don’t be afraid to look for ways to change your routines and take advantage of money-saving opportunities to reach your personal financial goals faster.

The best credit card waives interest until 2024

If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% for up to 21 months! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

]]>
Check your credit score for free https://100cskd.com/check-your-credit-score-for-free/ Sat, 12 Nov 2022 17:13:08 +0000 https://100cskd.com/check-your-credit-score-for-free/

A data analytics company called Experian India has launched a program for Indian consumers to check their credit score for free via WhatsApp. This is the first time that a credit agency in India has made such a service available via messaging. A fast, safe and convenient way to acquire credit reports is provided by this new project. Customers can use it to track anomalies, quickly detect fraud, and rebuild their credit scores. Users have more control over their credit profile thanks to this.

There are 487.5 million WhatsApp users in India, which is a big market. With this program, Experian is giving Indian customers free access to their credit information on WhatsApp so they can make informed credit decisions, adopt responsible spending habits, and reap the benefits of having a high credit score. Financial institutions are increasingly using WhatsApp Business as a powerful tool as they expand communication with customers as they introduce new goods and services. Banks are deploying bots and agents to communicate with customers through this messaging channel. Reaching financial institutions via WhatsApp has made it surprisingly easy to get loans right away.

The messaging platform focuses on fintech-based credit, retirement and insurance products. Even though the financial sector has popular apps such as PhonePe, Google Pay, CRED and Paytm among others, WhatsApp is advancing in the country and moving towards a super fintech app.

Here’s how to check your credit score on WhatsApp for free

  • WhatsApp message “Hey” to +91 9920035444 to Experian India. The alternative is to click on this link https://wa.me/message/LBKHANJQNOUKF1 to open the chat.
  • Disclose important information like your name, phone number and email address now.
  • The Experian credit score will be immediately visible on WhatsApp.

A password-protected copy of the Experian Credit Report can be requested by users, and it will be delivered to the registered email address.

]]>
How to Get a $15,000 Personal Loan – Forbes Advisor https://100cskd.com/how-to-get-a-15000-personal-loan-forbes-advisor/ Thu, 10 Nov 2022 18:45:04 +0000 https://100cskd.com/how-to-get-a-15000-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.

If you’re looking to remodel your kitchen, consolidate debt, or pay for another major expense, you might be looking for a $15,000 personal loan. There are plenty of lenders out there that offer $15,000 loans, so it’s worth shopping around for the lowest rates and fees. Lenders generally offer the best rates to borrowers with strong credit and stable income.

Follow these five steps to get a $15,000 loan.

1. Consider qualification requirements

Before approving you for a $15,000 loan, lenders look at your credit, income, and other factors. Although loan criteria vary from institution to institution, some common qualification requirements for personal loans include:

  • Credit. Lenders examine your credit to assess your risk as a borrower. Borrowers with good credit (at least 670 on the FICO scoring model) tend to get the best rates. You can check your credit score for free with Experian and Equifax or buy it at myFICO.com. You can also review your credit history with a free annual report from AnnualCreditReport.com.
  • Revenue. You will also need a stable source of income to qualify for the loan. Lenders ask for pay stubs, W-2 forms, or other documents to make sure you have the funds to repay the amount you borrow.
  • Debt-to-income ratio (DTI). When reviewing your application, lenders also look at your DTI ratio, which shows your monthly debt payments compared to your gross monthly income. Aim for a DTI ratio of 35% or less.

2. Prequalify with multiple lenders

A loan of $15,000 is a considerable sum, so it’s worth shopping around for the best rate. Many lenders allow you to prequalify for a loan online, which means you can check the rates you might qualify for without impacting your credit score or your obligation to borrow.

Prequalification only takes a minute or two. You will enter some basic personal information and consent to an indirect credit inquiry. After you submit your details, the lender will let you know which offers you qualify for.

3. Compare your offers

Once you’ve collected some loan offers, take the time to compare the details of each. Pay close attention to interest rates and fees, including origination, disbursement, application and prepayment fees.

The annual percentage rate (APR) is a more inclusive rate than the interest rate alone, as it takes into account both interest and fees. The loan with the lowest APR will generally be the most affordable.

The repayment terms you choose also affect your borrowing costs. Lenders sometimes offer better rates on shorter loan terms and higher rates on longer terms.

4. Complete and submit your application

Once you have selected a loan offer, your next step is to complete and submit your application. This application will collect more details than the prequalification form.

You will fill in your personal information, such as your contact details and address, as well as the purpose of your loan. You’ll also upload verification documents, such as ID, proof of address, payslips, and W-2s.

Once you have signed and submitted your application, the lender will perform a credit check to review your credit profile. Unlike the soft credit application, this rigorous credit check could lower your credit score by a few points. However, your score should rebound quickly as long as you repay your loan on time.

5. Manage and repay your loan

After completing your application, the lender will review your information and check your credit. This process can take a few days or weeks, but some lenders can approve loans within 24-48 hours.

Once approved, the lender will deposit the proceeds into your bank account, which you can use to pay any approved expenses. Review your documents to find out when your first payment is due. You will repay the loan on a monthly basis.

Some lenders offer a rate reduction if you set up automatic payments from your bank account. Even if your lender doesn’t offer this rate reduction, it might be a good idea to set up automatic payment so you don’t miss any payments.

How to get a $15,000 loan with bad credit

Having bad credit can limit your options for a $15,000 loan. However, it’s still worth shopping around, as some lenders have more flexible credit requirements than others. Start with your current bank or credit union, as they may offer benefits to existing customers.

You can also look for a secured personal loan rather than an unsecured loan. Secured personal loans are backed by collateral, such as a car title or savings account. They tend to have more lax credit requirements, but you risk losing your asset if you fall behind on your payments.

Some lenders also allow you to apply to a co-signer or co-borrower to offset limited credit. Adding a creditworthy co-signer or co-borrower to your application could help you qualify for a $15,000 loan if you cannot meet a lender’s requirements on your own.

Finally, you can take steps to improve your credit score before you apply if you don’t need the loan right away. If you spot errors on your credit report, dispute them. Paying down current loan balances and lowering your credit utilization ratio can also improve your score.

Where to get a $15,000 loan

Long-term costs of a $15,000 loan

When you borrow a $15,000 loan, you end up paying back over $15,000. This is because interest charges and fees add to your borrowing costs.

Your long-term costs will vary depending on your rate, fee structure, and repayment terms. A higher interest rate will increase your costs while a lower rate will make your loan more affordable.

Let’s say you borrow a $15,000 loan with a repayment term of five years. If you get 10%, expect to pay $4,122.34 in interest over the life of your loan. If you can qualify for 6%, your total interest costs drop to $2,399.52.

The repayment term you choose also impacts your long-term costs. A shorter term generally means lower interest charges, while a longer term means you’ll pay more interest over the life of the loan.

Let’s go back to this example of a loan of $15,000 at a rate of 10%. As mentioned, a five-year term equates to just over $4,100 in interest charges. But your interest charges will only be $2,424.28 with a three-year term. Alternatively, a seven-year term would mean interest charges of $5,917.49.

Use a calculator to estimate your loan costs

The Forbes Advisor Personal Loan Calculator can help you estimate your long-term costs for borrowing a $15,000 loan under different repayment terms. As you crunch the numbers, try to find a term that makes your monthly payment affordable while reducing long-term interest costs.

]]>
Want to see Taylor Swift on tour? You might need a Capital One credit card https://100cskd.com/want-to-see-taylor-swift-on-tour-you-might-need-a-capital-one-credit-card/ Mon, 07 Nov 2022 21:36:44 +0000 https://100cskd.com/want-to-see-taylor-swift-on-tour-you-might-need-a-capital-one-credit-card/

Image source: Getty Images

If you want to see Taylor Swift in 2023, you’ll need to start planning today.


Key points

  • Having a Capital One credit or debit card can help you get Taylor Swift tickets up to three days in advance.
  • The competition will be tough and timing is everything if you want to score tickets.
  • Capital One offers a wide variety of cards, making it easy to choose the one that’s right for you.

Mark your calendars for March 18, 2023. It’s day one of Taylor Swift’s “The Eras Tour.” The 35-date tour marks the singer-songwriter’s first time on the road since 2018, and fans are already going wild. Here is an overview of the dates of ticket availability:

  • General public: Friday, November 18 at 10 a.m. local time
  • Capital One cardholders: Tuesday, November 15 at 2 p.m. local time
  • Fans verified by Ticketmaster: Tuesday, November 15 at 10 a.m. local time

You’ll want to get in fast because the presale window closes at 11 p.m. on November 17 or earlier, if tickets sell out.

How it works for Capital One cardholders

Although this pre-sale period does not guarantee that you will be able to buy a ticket, it does give you a head start on the competition. Here is what you will need to do:

Check it out: This card has one of the longest 0% interest intro periods.

More: Consolidate your debt with one of these top-rated balance transfer credit cards

  • Go to the Capital One ticketing website before 2 p.m. local time. You’ll want to get there early. While you won’t beat everyone, you’ll be more likely to head for the window.
  • When prompted, enter the first six digits of your card number as the promotional code. This will give you access to the presale.
  • Use your Capital One Visa or Mastercard credit card (or debit card) to purchase up to six tickets.

You’ll have access to everything from regular seats to VIP packages. Prices for regular tickets range from $49 to $449, while VIP packages cost between $199 and $899.

How it works for “verified fan” presales

On November 15, you’ll be competing against people who have signed up as “verified fans” with Ticketmaster. Ticketmaster’s goal in signing people up is to make sure the bots don’t take all the tickets.

You can double your chances of getting tickets by also trying to buy tickets through this presale. Here’s what you’ll need to do first:

  • If you don’t already have a Ticketmaster account, create one now. Although you can do this on presale day, it will be faster if you have already completed this step.
  • Sign up for the verified fan presale. It’s basically your way of letting Ticketmaster know you want to buy concert tickets early. This step must be completed by November 9 at 11:59 p.m. ET.
  • If you are selected to participate in the first round of ticket sales, you will receive an email on the evening of Monday, November 14. You will also receive a text message with a personal access code. Although tickets don’t go on sale until the next day at 10 a.m. local time, you can log into a “waiting room” 10 minutes before.

Recall: Having an access code only gives you the ability to purchase tickets. It is not a guarantee that they will be available.

Which card to use

As mentioned, you can use any Capital One credit card or debit card to take advantage of the presale opportunity. If you’re not sure which Capital One card is right for you, this list can help you narrow down your options.

Swift and Capital One first teamed up in 2019. Since then, Capital One cardholders have also received special access to exclusive merchandise ahead of album releases. If you’re interested, your Capital One card makes it easy to get the products you want.

It’s a nice bonus when the credit card in your wallet helps you manage your finances and score fun perks.

The best credit card waives interest until 2024

If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% for up to 21 months! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

]]>
What happens if you lose a cashier’s check? https://100cskd.com/what-happens-if-you-lose-a-cashiers-check/ Sat, 05 Nov 2022 13:00:01 +0000 https://100cskd.com/what-happens-if-you-lose-a-cashiers-check/

SmartAsset: lost cashier’s check

A cashier’s check is a type of official check drawn on the bank’s funds, rather than your own. You can get a cashier’s check if you need to pay something and you can’t or don’t want to use another payment method. But what if you lose a cashier’s check? Are you short of money? A lost cashier’s check can be a headache, but there are steps you can take to get those funds back. If you’re looking for help with all of your financial needs, consider working with a financial advisor who can help you navigate your unique situations.

How does a bank check work?

When you write a personal check, the person or entity to whom you write the check can then deposit or cash it. The amount of the check is debited from your bank account. Cashier’s checks, on the other hand, work a little differently. When you buy a cashier’s check from your bank, the bank deducts the money from your account and uses it to fund the check. But instead of withdrawing the check from your account, the bank issues the check from its own account.

The use of a cashier’s check may be preferable or necessary in situations where large sums change hands. For example, you can use a cashier’s check to pay if you buy a car. Or you can use a cashier’s check to cover the down payment and closing costs of a home you’re buying.

Cashier’s checks are an attractive form of payment because they are essentially guaranteed funds. The bank took money from your account to cover the check. As such, the person or entity receiving the check has the assurance that the cashier’s check will not bounce.

What happens to a lost bank check?

A cashier’s check is considered lost when it cannot be found. Banks may treat lost cashiers checks and stolen cashiers checks differently. If you buy a cashier’s check and lose it, there are a few possible solutions. The first thing you can do is report the lost check to the bank and request a stop payment.

A stop payment prevents the check from being cashed. The issuing bank may authorize a stop payment on a cashier’s check if you can demonstrate that a lost cashier’s check was in fact stolen or that there was some type of fraud involved in the transaction. However, you have to wait 90 days or more before you can request a stop payment, which could still give someone time to cash a lost cashier’s check.

Your bank may require you to file a statement of loss for the cashier’s check. Essentially, you will have to declare that you lost the check and have no hope of getting it back. Filing this statement allows you to make a claim for lost funds. But again, you may be subject to a 90 day waiting period before the money can be returned to you.

What if you lose a cashier’s check someone else gave you? You sell your car, for example, and the buyer gives you a cashier’s check to cover the amount, but you misplace it.

In this case, you can try asking the person who gave you the check to replace it. However, they are not obligated to do so if a lost check is the result of your own actions. If the person who gave you the check is unwilling to replace the check for you, the next step is to get a surety bond.

What is a Lost Cashier’s Check Bond?

SmartAsset: lost cashier's check

SmartAsset: lost cashier’s check

A surety bond is a type of bond that creates a binding agreement between two parties. The principal of an indemnity bond is the entity that has financial responsibility to the second party, known as the obligee.

If you lose a cashier’s check that you bought or someone else gave you, the issuing bank may ask you to buy a surety bond to replace it. The surety bond effectively protects the bank against any monetary loss if someone finds the lost cashier’s check and cashes it after having already replaced it for you.

Bonds are sold through insurance and surety companies. You will need to apply for a bond and you may need to accept a credit check and background check. If the bond is approved, you will need to pay a premium of between 1% and 5% of the amount of the bond for it to be issued.

Keep in mind that it may still take a while for a lost cashier’s check to be returned to you, even if you take the extra step of getting a bond. It can take 30 to 90 days, or even longer in some cases, for the bank to replace a lost cashier’s check once the bond has been issued.

Can you void an unused cashier’s check?

You may buy a cashier’s check only to find out later that you no longer need it. In this case, the check itself isn’t lost, but you may be wondering if the money you used to buy it is gone for good.

In this case, you can contact the bank to find out what you can do to have the cashier’s check money deposited into your bank account. You may need to deliver the check to the bank in person before the bank agrees to return the funds.

Keep in mind that the bank may not refund the fees you paid to buy a cashier’s check. Depending on the bank, this may only be a few dollars, but at some financial institutions the cashier’s check fee may be $30 or more.

The essential

SmartAsset: lost cashier's check

SmartAsset: lost cashier’s check

When it comes to cashier’s checks, it’s important to know when they are an appropriate choice for payment. Although cashier’s checks are a safe and secure method of payment, they can create unnecessary headaches if you end up losing one. Knowing what to do in the event of a lost cashier’s check can help you minimize your financial losses. Your options almost always involve contacting a bank to void the cashier’s check. Keep in mind that the bank is not likely to refund the fees paid to create the original cashier’s check.

Banking advice

  • Consider talking to your financial advisor about the implications of a lost bank check and how to handle large financial transactions. Wire transfers, for example, can be a faster way to transfer money from your account to someone else’s, although they can sometimes come with high fees. If you don’t already have a financial advisor, finding one shouldn’t be difficult. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your corresponding advisors for free to decide which one is best for you. If you’re ready to find an advisor who can help you reach your financial goalsstart now.

  • A cashier’s check should not be confused with a certified check. A certified check is drawn on your funds but is certified by the bank. Similar to cashier’s checks, they can be a secure way to make payments using your funds instead of the bank’s. If you lose a certified check, the replacement process reflects the steps required to replace a lost bank check.

Photo credit: ©iStock.com/MStudioImages, ©iStock.com/AndreyPopov, ©iStock.com/JuiceBros

What to do with a lost bank check? appeared first on SmartAsset Blog.

]]>
Navyist Rewards Credit Card Review – Forbes Advisor https://100cskd.com/navyist-rewards-credit-card-review-forbes-advisor/ Wed, 02 Nov 2022 13:00:14 +0000 https://100cskd.com/navyist-rewards-credit-card-review-forbes-advisor/

Navyist Rewards Credit Card* against Navyist Rewards Mastercard®*

The Navyist Rewards Mastercard is the almost identical network version of the Navyist Rewards credit card. Unlike the store card version, the Navyist Rewards Mastercard can be used anywhere Mastercard is accepted. The card earns an additional point for every dollar spent on the card outside of the Gap, Inc. family of brands.

The Navyist Rewards Mastercard®card details on this page have not been reviewed or approved by the card issuer.”>* features the same high variable regular APR of 28.99% as the Navyist Rewards Store card. With the exception of those Navyists determined to squeeze every dollar out of their purchases, neither card seems particularly noteworthy to us.

Navyist Rewards Credit Card* vs Amazon Prime Rewards Visa Signature Card*

On our list of the best store cards is the Amazon Prime Rewards Visa Signature Card*, which earns 5% cash back in rewards at Amazon.com and Whole Foods Market with an eligible Prime membership, 2% cash back at restaurants, gas stations and pharmacies, and 1% on all other purchases . As a Visa Signature network card, the Amazon Prime Rewards Card can be used anywhere Visa is accepted.

The Amazon Prime Rewards Visa Signature Card* also offers several additional benefits, including collision damage waiver for rental vehicles, extended warranty and purchase protections, lost and delayed baggage protection, travel accident insurance and more. Although the card does not charge any foreign transaction fees or annual fees, a Prime membership is required.

Navyist Rewards Credit Card* vs. Wells Fargo Active Cash® Card

For those who don’t want to track categories anywhere, the Wells Fargo Active Cash® Card sets the standard for flat-rate cash back. The card earns 2% cash rewards on purchases and charges no annual fee.

Unlike most co-branded store cards, Wells Fargo Active Cash® Card rewards can be redeemed for cash, providing ultimate flexibility in how you spend them. The card goes beyond its rewards and offers an introductory APR of 0% for 15 months from account opening on eligible purchases and balance transfers, then a variable APR of 17.99%, 22.99% or 27.99% applies. Balance transfers made within 120 days are eligible for the introductory rate and 3% fee, then a fee of up to 5%, with a $5 minimum applying and a welcome bonus: earn $200 in cash rewards after spending $1,000 on purchases in the first 3 months.

]]>
This is the most important thing to do in a recession https://100cskd.com/this-is-the-most-important-thing-to-do-in-a-recession/ Sun, 30 Oct 2022 18:00:44 +0000 https://100cskd.com/this-is-the-most-important-thing-to-do-in-a-recession/

Image source: Getty Images

Make sure your finances are recession ready.


Key points

  • Many experts predict that a recession is imminent.
  • A recession can have a negative impact on your finances.
  • In the event of a recession, make sure your emergency fund can cover up to 12 months of expenses.

It is an open question whether the United States is currently in a recession. Traditionally, recessions were often defined as two-quarters of negative gross domestic product. And based on that definition, the country went into recession last summer.

However, the National Bureau of Economic Research (NBER), which defines US business cycles, has yet to declare a recession, in part due to low unemployment.

Even though the country is not currently in a recession, there is reason to believe that we soon will be. The majority of CEOs worry about the arrival of just one. And the former US Treasury Secretary in the Clinton administration agrees.

Check Out: This Credit Card Offers a Rare $300 Welcome Bonus

More: These introductory 0% APR credit cards made our top list

Recessions are usually bad news for people’s finances. So what can you do to make sure you’re prepared for an economic downturn?

Do it now to get your finances ready for the recession

If you want to make sure you’re ready for a recession, there’s one key step you need to take: you need to increase your emergency fund. While most experts traditionally recommend that you have saved around three to six months of living expenses, you may want to increase this amount so that you have up to eight to 12 months of reserve.

Having more money saved can be invaluable during a recession, as you are more likely to have to rely on it.

You see, companies often lay off workers during a recession, and it can be harder to find a job during tough economic times. If your job is cut and it’s taking a long time to find another one, having a large emergency fund could be crucial to keeping bills paid and avoiding credit card debt.

Moreover, during a typical recession, the stock market also experiences declines. If the value of your investments falls, you don’t want to be forced to sell before an inevitable rally occurs. By doing so, you would get stuck in losses that you could have recovered from if you had waited longer.

A larger emergency fund will save you from having to sell investments to cover your living expenses. You can leave your investments alone until economic conditions improve and rely on your emergency savings for anything you may need to pay in the short term.

How to increase your emergency fund

Saving a larger emergency fund may seem difficult, but it’s definitely worth it to prepare for a recession.

The best thing you can do to increase the amount you put in your savings account is to look for ways to cut costs. You can do this by going through your budget to identify areas to cut spending. Remember that this is not necessarily a permanent reduction. If you can sacrifice a little more over the coming weeks and months, you can ensure that you are in good shape for an economic downturn.

If you don’t already have a budget, making and living with one could make a huge difference in how much you can save for a rainy day.

The good news is that the economy goes through cycles, so we will recover from a recession. But having your emergency cash available can help ensure the downturn doesn’t have a lasting negative effect on your financial life.

Alert: The highest cash back card we’ve seen now has 0% introductory APR through 2024

If you use the wrong credit or debit card, it could cost you dearly. Our expert loves this top pick, which features an introductory APR of 0% until 2024, an insane cashback rate of up to 5%, and all with no annual fee.

In fact, this map is so good that our expert even uses it personally. Click here to read our full review for free and apply in just 2 minutes.

Read our free review

]]>
The Definitive Range of the Web’s Best Business Calculators https://100cskd.com/the-definitive-range-of-the-webs-best-business-calculators/ Thu, 27 Oct 2022 22:52:10 +0000 https://100cskd.com/the-definitive-range-of-the-webs-best-business-calculators/

Small business owners and entrepreneurs can use the financing for start-up costs or to grow their business, but you need to know the exact cost you’ll pay lenders. Or maybe you want to gauge your return on investment on a potential project. That’s where a small business calculator comes in.

The experts at Nav have rounded up the best calculators for small businesses that are available to you for free. Keep reading to learn how to use business calculators to give you better control of your finances.

Business calculators

Running a small business is hard enough – using a business calculator takes a lot of the guesswork out of calculating some business operations. You can find a business calculator that can help you figure out exactly how much you’ll pay on small business loans you’re considering or decide which project to pursue.

Terminology is not always straightforward when using a business calculator. So here are some terms you might find useful to know:

  • Amortization: On a loan, an amortization schedule is basically the monthly payments you make on the loan to reduce its size over time. Most spreadsheets and accounting software can calculate depreciation for you.
  • Annual Percentage Rate (APR): APR is another way of saying interest rate. However, it is also generally more accurate than an interest rate because it includes the cost of fees.
  • Repayment period: A repayment term corresponds to the duration of a loan or the date on which it must be repaid. For example, you may have a two-year repayment period on a loan, which means it must be fully repaid after two years.
  • Capital expenditure: The cost of purchasing, upgrading or maintaining a physical business asset, such as equipment or property.
  • Weighted average cost of capital: When looking at the discounted cash flow calculator, the weighted average cost of capital is one way to determine how much it costs to invest in a business. Or, in other words, it’s a way of determining the value of a business.

You may not need to know all of these terms, as not all of them apply to every calculator. And while business calculators can help you with the calculations, turn to accounting software or a finance professional if you’re unsure. It’s best to be confident in the financial health of your business.

Business Financial Calculators

Here are the best business loan calculators you can use to make running your business smoother and more profitable.

Business Cash Calculator

Cash flow is the difference between money coming in and money going out. It is one of the most essential metrics to use to be able to run your business smoothly and understand the value of your business. Cash flow sounds very simple, but it can get complicated, which is why using a calculator can be so helpful.

Luckily, Nav has added some new features to its cash flow tool, like projected monthly net income and month-over-month net income change. Nav’s cash flow tool offers actionable insights you can’t get elsewhere – and all it takes is you signing up for Nav and connecting your business checking account. We will do the heavy lifting for you to calculate your cash flow details.

Total Interest Paid on Loan Calculator

The companies’ interest rate calculator you use to determine how much interest you’ll pay depends on the type of financing you take out. If you’re looking to get a loan from an alternative lender or online, check out OnDeck’s APR calculator. This calculator can help you with loans that require daily payments.

If you’re looking to try out invoice financing, you can also check out the helpful invoice financing calculator.

For more traditional term loans, Nav’s Term Loan APR Calculator may be helpful. Simply enter your loan amount, interest rate, fees, number of years or months of repayment period, and monthly service charge. The calculator will show you the total cost of funding, along with your APR. When applying for a small business loan, first make sure your credit is up to snuff. To get started, check out Nav’s guide on how to establish business credit.

loan repayment calculator

Nav’s Term Loan APR Calculator can also tell you what monthly payment to expect. Once you’ve entered the total amount borrowed and the interest rate, along with the fees and length of your repayment period, you can instantly see what you’d pay each month, as well as how much you’ll pay over time. time. This tool can be useful before you borrow to make sure you can pay your monthly payment before you apply. You can also use these calculators for personal loans, if that is helpful to you.

Discounted Cash Flow Calculator

Discounted cash flow is another way to measure the value of a business, and it’s mostly used by real estate or other investors to see if a potential investment is worth it. The calculations can get complicated, so Zion Bank offers a discounted cash flow calculator tool for just that reason. You will enter the expected annual growth of your business, the weighted average cost of capital and the number of years of cash flow you wish to include, as well as the cash flow you derive from operations and investments. It’s always a good idea to check with a financial advisor if these numbers are unclear to you.

Business Case Calculator

A break-even analysis can help you determine the volume of products or services you need to sell to “break even” with your expenses. It can also help you determine how much to charge per product. Financial services company Zoho provides a useful break-even calculator that will help you find the point where you will earn more than you spend.

Business Valuation Calculator

Knowing your business valuation helps you understand what your business is worth and how much you could sell it for, if that was something you wanted to do in the future. Nationwide has a free business valuation calculator where you enter your current operating profit, the percentage growth you expect each year, and the number of years you can expect to grow at that rate. .

ROI Calculator

You will use the ROI calculation in your business to determine the likelihood that an investment or project will earn you money. Real estate investors use this calculation before buying new investment properties, and managers can use it to see if a new project is worth pursuing.

Ameriprise Financial offers a free ROI calculator that can help you compare projects to determine which one you should pursue. You will enter the number of years, the expected rate of return, the amount you have invested since inception, and the expected inflation and tax rates. For any calculation that you are unsure of, do not hesitate to contact a financial professional.

Profit margin calculator

Profit margins tell you how much money you made on a product after removing the costs of selling your products. Gross profit margin tells you the percentage of each sale against the cost of goods sold. Figuring out profit margins can be tricky, so Shopify provides a helpful profit margin calculator that can help you price your products to maximize your profits.

Get a complete view of your company’s financial health

Business calculators can give you targeted insights into your business performance and insight into next steps. But Nav can help you get the big picture. Features like cash flow tool, actionable insights, and personalized funding recommendations – for business credit cards, business loans, and more. – allow you to analyze the overall financial health of your business and grow in a logical way. Sign up with Nav to get started today.

This article was originally written on October 27, 2022.

Rate this article

This article has no ratings yet.

class=”blarg”>

]]>
What credit score do you need? https://100cskd.com/what-credit-score-do-you-need/ Mon, 24 Oct 2022 21:12:35 +0000 https://100cskd.com/what-credit-score-do-you-need/

For avid Southwest Airlines travelers, there are three personal and two co-branded small business Chase credit cards that can help you earn rewards for your next trip. Each card offers higher rewards rates on your Southwest purchases, and the Rapid Rewards® points you earn can be redeemed for gift cards, travel, merchandise, and more.

Below, Select looks at the credit score you’ll need to qualify for each of the Southwest and Chase co-branded cards.

Subscribe to the Select newsletter!

Our top picks delivered to your inbox. Shopping recommendations that help you improve your life, delivered weekly. Register here.

Southwest Rapid Rewards® Credit Cards

All three Southwest Rapid Rewards® personal credit cards currently offer the same 50,000 point welcome bonus after spending $1,000 on purchases within the first three months of account opening. Where they differ is in their annual fees, reward structures, and benefits.

  • The Southwest Rapid Rewards® Plus credit card has an annual fee of $69 and allows you to earn 2X points per dollar spent on Southwest Airlines purchases, local transit, commuting, carpooling, Internet, cable, phone, and select streaming services, plus 1X points on other purchases made with the card. You will also receive 3,000 points each year after your card‘s anniversary.
  • The Southwest Rapid Rewards® Premier credit card has an annual fee of $99 and gives you 3X points per dollar spent on Southwest Airlines purchases; 2X points per dollar spent on local transit, commuting, carpooling, internet, cable, phone, and select streaming services; and 1X points on all other purchases. Other benefits include 6,000 points on your card’s anniversary and two EarlyBird check-ins per year.
  • The Southwest Rapid Rewards® priority credit card has an annual fee of $149 and allows you to earn 3X points per dollar spent on Southwest Airlines purchases; 2X points per dollar spent on local transit, commuting, carpooling, internet, cable, phone, and select streaming services; and 1X Points on all other purchases – and adds Unlimited Tier Qualifying Points (TQP) that can be used to earn Southwest Airlines List A elite status. It also offers perks like a $75 annual Southwest travel credit and four upgrade boardings per year (subject to availability).

Southwest Rapid Rewards® Plus Credit Card

  • Awards

    Earn 2X points on Southwest® purchases, 2X points on local transit and commuting, including carpooling; 2X points on internet, cable, phone services and select streaming; 1X points on all other purchases

  • welcome bonus

    New offer: Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months

  • Annual subscription

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

Southwest Rapid Rewards® Premier Credit Card

  • Awards

    Earn 3X Points on Southwest® purchases, 2X Points on local transit and commuting, including carpooling; 2X points on internet, cable, phone services and select streaming; 1X points on all other purchases

  • welcome bonus

    New offer: Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months

  • Annual subscription

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

Southwest Rapid Rewards® Priority Credit Card

  • Awards

    Earn 3X Points on Southwest® purchases, 2X Points on local transit and commuting, including carpooling; 2X points on internet, cable, phone services and select streaming; 1X points on all other purchases

  • welcome bonus

    New offer: Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months

  • Annual subscription

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

Southwest® Rapid Rewards® Performance Business Credit Card

  • Awards

    Earn 4X points on Southwest® purchases; 3X points on Rapid Rewards® hotel and automotive partners; 2X points on carpooling; 2X points on social media and advertising on search engines, Internet, cable and telephone services; 1X points on all other purchases

  • welcome bonus

    Earn 80,000 points after spending $5,000 on purchases within the first 3 months of account opening.

  • Annual subscription

    $199 applied to first billing statement

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

Southwest® Rapid Rewards® Premier Business Credit Card

  • Awards

    Earn 3X Points on Southwest® purchases; 2X points on local transit and commuting, including carpooling; 2X points on Rapid Rewards® hotel and automotive partners; 1X points on all other purchases

  • welcome bonus

    Earn 60,000 points after spending $3,000 on purchases within the first 3 months of account opening.

  • Annual subscription

  • Introduction AVR

  • Regular APR

  • Balance Transfer Fee

  • Foreign transaction fees

  • Credit needed

Pro Tip: From 2023, South West co-branded cardholders will receive a 10,000 point bonus each year for earning the Companion Pass.

Credit score required for a Southwest credit card

As with other travel rewards credit cards, you’ll likely need at least a good credit score to qualify for one of the Southwest Rapid Rewards cards. A good credit score, according to FICO®, is a score of 670 or higher. Note that cardholders can be approved or rejected for these cards even if they don’t have at least a score of 670.

FICO score ranges:

  • Very poor: 300 to 579
  • Fair: 580 to 669
  • Good: 670 to 739
  • Very well: 740 to 799
  • Excellent: 800 to 850

Most card issuers look at your FICO® 8 score when evaluating your creditworthiness. The FICO® 8 score ranges from 300 to 850, with higher scores indicating a greater likelihood that a cardholder will pay their bills on time and in full.

FICO scores are based on five factors:

  • Payment history (35%) — If you made your previous payments on time
  • Amounts due (30%) — Your credit utilization rate, or the ratio of the amount of credit you are using to the amount that has been extended and due on your accounts
  • Length of credit history (15%) — The time you have had credit
  • New Credit (10%) — How often you open new accounts
  • Composition of credit (10%) — Whether you have different types of credit, such as installment loans or revolving lines of credit

While credit scores aren’t the only factor considered by credit card issuers, it’s one of the most important. You’ll want to make sure you pay your bills on time and in full, keep credit utilization low, and limit the number of credit applications you submit in a short period of time.

Card issuers will also look at your income, the length of your credit history, and the number of credit cards you have recently acquired. Generally, you will be considered better if you have a longer credit history and higher income.

Chase also has a 5/24 rule for cardholders. This applies to most Chase credit cards and co-branded cards. This means that cardholders will be denied a Chase card if they have acquired five or more credit cards (all credit cards, not just Chase cards) in the past 24 months.

If you are declined for a card, issuers must let you know why they declined you within 60 days. You may be able to call Chase to negotiate your approval, but you will need to present a compelling case to justify your approval.

At the end of the line

To qualify for one of the Southwest Rapid Rewards® credit cards, you will likely need at least a FICO® score of 670. Since the card is a co-branded Chase credit card, applicants should also limit the total number of credit cards. they get – Chase’s 5/24 rule means applicants who have gotten five or more credit cards in the past 24 months will automatically be rejected for a new card.

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.

]]>
Should you take out a personal loan when you have savings you can count on? https://100cskd.com/should-you-take-out-a-personal-loan-when-you-have-savings-you-can-count-on/ Sun, 16 Oct 2022 14:00:41 +0000 https://100cskd.com/should-you-take-out-a-personal-loan-when-you-have-savings-you-can-count-on/

Image source: Getty Images

The quick answer? It depends.


Key points

  • Personal loans are a good option to consider when you need money.
  • Although you can turn to your savings in some situations, in other cases you are better off leaving your cash reserves alone.
  • If you have less money in savings and a higher credit score, you may want to take out a personal loan.

The advantage of personal loans is that they tend to be more flexible and affordable than other borrowing options. Granted, these days personal loan rates are on the rise due to interest rate hikes by the Federal Reserve. But when you compare the cost of borrowing through a personal loan to that of a credit card, it’s easy to see why the former might win out.

Now, a personal loan can be a good option to fall back on when an unexpected bill comes up and you need cash unexpectedly. But what if you have money in your savings account – enough to cover the expenses you face? Should you dip into your emergency fund? Or should you leave your cash reserves alone so the money will be there for another time and take out a personal loan instead?

It all depends on why you are borrowing and how much money you have

Some people take out personal loans for non-emergency situations, such as home renovations. If this is the scenario you find yourself in, you don’t want to dip into your emergency savings to pay for something like new kitchen appliances or an updated master bathroom. But if you’re considering getting a personal loan because an unexpected bill has come up, you might want to consider tapping into your emergency fund if it’s well stocked.

Discover: These personal loans are the best for debt consolidation

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

Although personal loans tend to have more competitive borrowing rates than other loan products, in the end you will still pay interest on the amount you borrow. And also, as mentioned, personal loan rates are up right now because everything consumer borrowing rates are higher. As such, you might end up finding that a personal loan isn’t as affordable as you think.

So let’s say you’ve had a problem with your car that you need to fix immediately, and you have a bill for $5,000. You might be inclined to borrow that money and leave your savings intact. But even if your credit score is great, you could easily, at today’s rates, pay 6% or 7% (or more) if you take out a personal loan to cover that cost. And so if you have, say, $20,000 in savings, you might want to dip into that instead, because you’ll still have a good amount of money left over after you make that withdrawal.

On the other hand, if you only have $5,000 in savings, you may not want to empty your bank account to cover your car repairs, leaving you vulnerable in the event of another unexpected expense. So, in this scenario, taking out a personal loan would be a reasonable thing to do.

Weigh Your Options Carefully

Sometimes it pays to get a personal loan even if you have money in the bank. If you do decide to get a personal loan, try shopping around with a few different lenders so you can compare their rates and closing costs. Doing a little research could make your personal loan more affordable at a time when rates are rising across the board.

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.

]]>