Credit cards – Blog Campcee http://blogcampcee.com/ Fri, 14 Jan 2022 23:31:33 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://blogcampcee.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Credit cards – Blog Campcee http://blogcampcee.com/ 32 32 7 On Your Side Tips for Getting Rid of Credit Card Debt https://blogcampcee.com/7-on-your-side-tips-for-getting-rid-of-credit-card-debt/ Fri, 14 Jan 2022 23:31:33 +0000 https://blogcampcee.com/7-on-your-side-tips-for-getting-rid-of-credit-card-debt/ Many vacation shoppers are just now waking up to spending hangovers, and figures just released by the Federal Reserve indicate credit card debt is rising to pre-pandemic levels.

So what is the best way to level this mountain of debt?

Studies show that a large majority of well-paid people get into debt by simply spending too much on plastic, and FOMO mixed with YOLO can be a dangerous combination.

This lifestyle has run up huge bills for Ryan Masajo, but he’s managed to clear $85,000 in debt in just 3½ years.

PLUS 7 AT YOUR SIDE | Fake home COVID tests exist – how to spot them

First, buzzing his own hair saved him $720 last year, while ironing his own shirts cut his expenses by $30 a month.

“I know it’s okay, but I don’t like ironing,” he said.

What the self-proclaimed jet-setter, the diva of Michelin-starred restaurants, loved was the good life.

“$85,000 in debt took time, travel, food, student loans, shopping, and YOLO,” he said. “Why would I save money? I work hard now. It was not the best choice. When I travel there is no budget, but I always said ‘yes’ so as not to be remains.”

He said things quickly got out of control.

“I got to a point where I had nine credit cards,” he said. “Six of them have been maxed out, up to 25% interest rate.”

Like many people carrying large balances, he was inundated with offers for loans and debt settlement. He chose SoFi randomly.

“SoFi is a one-stop-shop for personal finance through a digital platform,” said Senior Director of Financial Planning Brian Walsh.

He said that Masajo is the typical SoFi member.

“A huge segment of our population ignored by the financial industry, high achievers in education and careers who don’t have a lot of money,” he said. “They have been largely ignored.”

Free financial planners helped Masajo create — and stick to — a daily budget, while consolidating his credit card payments into one personal loan with a lower interest rate.

“Four or five from a range of 9% to 25%, so that was a big money saver in terms of interest as well,” he said. “And my credit rating has skyrocketed because when you have a personal loan, it’s better for your credit if you have one instead of six credit cards that run out.”

PLUS 7 AT YOUR SIDE | Tips for Safely Donating to Bronx Fire Victims Without Getting Scammed

But SoFi says loans aren’t for everyone. You must commit to stop spending on your credit cards and change your financial habits.

“Really make sure you can stop the behavior that got you into debt before you even think about getting out of debt,” Walsh said.

Masajo and his partner created a video blog to share the $85,000 journey to zero debt in less than four years.

The big point to remember is that with credit consolidation offers, watch out for the sharks. If an offer sounds too good to be true, it probably is.

Other red flags include promises of guaranteed approval, skipping the traditional loan process, and no offer-related review.

Finally, always research the reputation and read the fine print before signing up.

———-
SHARE YOUR STORY

Have a problem with a business that you can’t solve? If so, 7 On Your Side wants to help!

Fill out the form below or email your questions, issues or story ideas by filling out the form below or sending an email 7OnYourSideNina@abc.com. All emails MUST INCLUDE YOUR NAME AND CELL PHONE NUMBER. Without a phone number, 7 On Your Side will not be able to answer you.

Copyright © 2022 WABC-TV. All rights reserved.

]]>
Most analysts say ‘buy’, Goldman Sachs calls against the tide https://blogcampcee.com/most-analysts-say-buy-goldman-sachs-calls-against-the-tide/ Thu, 13 Jan 2022 02:45:03 +0000 https://blogcampcee.com/most-analysts-say-buy-goldman-sachs-calls-against-the-tide/

Analysts continue to trust SBI Cards & Payment Services Ltd. after a rare “sell” call last week.

Goldman Sachs kicked off the coverage with a “sell,” according to its Jan. 7 note. The brokerage firm expects structural challenges from new customers using credit cards and headwinds to growth to intensify due to regulation and competition. He sees earnings growth moderating.

Macquarie, however, sees the credit card segment as the fastest growing segment within Indian financial services between FY22 and FY26, according to its Jan. 11 memo. The research firm expects the cards unit of India’s largest lender to be a ‘story of strong volume growth in a very underpenetrated credit card market’.

Prabhudas Lilladher predicts that the company’s non-performing assets will be largely flat in the quarter ending December.

Of the 23 analysts who follow the SBI charts, 20 have a “buy” rating, one recommends a “hold” and two suggest a “sell”, according to Bloomberg data. Axis Research is the only other brokerage to have a “sell” rating.

On Wednesday, SBI Cards snapped a four-day losing streak to rise 1.55%, the biggest intraday gain in two weeks. The stock, however, pared most of the gains to close up 0.97%.

Shares of SBI Cards have fallen 38% since its October peak even as Nifty 50 erased nearly all of the losses during the period.

]]>
For Young Adults, Credit Building Begins Now https://blogcampcee.com/for-young-adults-credit-building-begins-now/ Sat, 08 Jan 2022 13:34:00 +0000 https://blogcampcee.com/for-young-adults-credit-building-begins-now/

Sooner than you think, your credit score will start to count.

A good credit score can be the difference between qualifying for or missing out on a low-interest apartment or car loan. So, to get credit ready when you need it, now is the time to start building a good, long credit history.

There is more than one way to get credit, and it can be as simple as reporting your current bill payments to the major credit bureaus. But keep in mind: building credit takes diligence, especially since missing payments can hurt your score for years to come.

What is credit and why is it important?

Your credit score is a number that typically ranges from 300 to 850 and is calculated based on how reliably you have paid off your past debts, such as credit card bills. Lenders use your credit score to predict the likelihood of you paying off your debt.

Your credit score helps determine what loans you can receive, what interest you will be charged, what credit cards you can qualify for, and what properties you can rent. An employer can even check your credit history. Having a good credit rating can save you money down the road, mainly through lower interest rates when you get a loan.

If you are starting out with no credit history, you are not alone. In the United States, nearly 40% of people aged 20 to 24 have little or no credit history to generate a score, according to the Consumer Finance and Protection Bureau. Unfortunately, the same is true for around 20% of the population.

Building up your credit can seem overwhelming if you haven’t thought about it before, but there are plenty of strategies you can employ even if you’re just getting started. Start by establishing good debt management habits, such as not taking on more debt than you can afford, says Brittany Mollica, a certified financial planner based in Chapel Hill, North Carolina. Missed payments will damage your score and can become a burden when you need to borrow money in the future.

“It’s really important to have good habits to always pay your bills,” says Mollica. “You don’t want to have to come out of a hole with all kinds of credit card debt you’ve racked up, especially by starting early.”

Credit cards – and alternative cards

Credit cards can be a great tool for building credit, but they can also hurt your score if you take on more debt than you can handle.

If a parent or other trusted person in your life has a high credit limit and a long history of timely payments, you could become an authorized user on their account and benefit from their good credit. It’s one of the easiest ways to lengthen your credit history, says Blaine Thiederman, a certified financial planner in Arvada, Colorado.

Becoming an authorized user will also affect your credit utilization rate, or the amount of money you owe lenders divided by the total credit you have, which can improve your credit score.

If you have your own income, you can apply for a credit card at the age of 18; otherwise, you have to wait until you are 21. A secured credit card is usually the best credit card to start with. A cash deposit secures these cards, and because the credit card company may accept this deposit if you miss payments, people with short or poor credit histories may be eligible.

The deposit you need to make for a secured credit card could be a burden, and if so, another card could be better for you. These cards use income and bank account information to determine your creditworthiness rather than your credit score.

Monthly invoices

If you live independently, payments for rent, utilities, and phone bills can all be reported to the credit bureaus. So paying those bills can boost your credit if they’re on time and you’ve reported them.

Unlike credit card payments, these payments are not flagged automatically and may require a third-party service, such as Experian Boost, to notify the credit bureaus of your payments.

Keep in mind that these services sometimes require a fee and reporting your bill payments may not always affect your credit score; instead, they may just show up on your credit report.

Loans

Making regular loan payments can also help build your credit. And even if you don’t have a credit history, some loans are available.

Loans to credit builders rely on income rather than credit for approval. If you are approved, the loan is in a bank account and becomes available after you have paid it off. Your monthly payments are reported to the major credit bureaus.

Student loans are another loan that you can use to build your credit when you are starting out. Federal student loans do not require credit to qualify, unlike most private student loans. Paying off your loans will help boost your credit history, and you can get started while you’re still in school by making interest-only payments.

This article was written by NerdWallet and was originally published by The Associated Press.

More from NerdWallet

Colin Beresford writes for NerdWallet. Email: cberesford@nerdwallet.com.

The article For Young Adults, Building Credit Starts Now originally appeared on NerdWallet.

Source link

]]>
Will Omicron Surge bring pacing controls back to the table in 2022? https://blogcampcee.com/will-omicron-surge-bring-pacing-controls-back-to-the-table-in-2022/ Mon, 03 Jan 2022 14:32:35 +0000 https://blogcampcee.com/will-omicron-surge-bring-pacing-controls-back-to-the-table-in-2022/

The COVID-19 situation has worsened. What does this mean for dunning checks?

Last year, as Americans across the country prepared to ring in 2021, there was an air of desperation that was hard to ignore. The COVID-19 epidemic was in full swing, and with vaccines for the most part unavailable, the winter was shaping up to be bleak.

Unfortunately, we don’t exactly start 2022 on a much better note from a COVID perspective. While vaccines are thankfully easy to find, the highly transmissible variant of omicron is currently wreaking havoc, causing outbreaks to explode across the country. And while early reports seem to indicate that omicron may produce milder symptoms than previous variants of COVID-19, many people begin 2022 in quarantine due to exposure to the virus or a confirmed case.

Now the good news is that if the pattern in the United States mimics that in South Africa, where omicron was first reported as a worrying variant, the current wave of infections could subside by now. at the end of January. But if it is prolonged, it could be a very difficult winter not only from a health point of view, but also from an economic point of view.

Will economic turmoil ensue?

By the end of 2021, the national unemployment rate had reached its lowest level since the start of the pandemic. And right now, the US economy looks generally strong.

But that could change in the coming weeks if omicron pulls a large chunk of the US workforce out. Additionally, if the situation does not improve, local closures and restrictions may need to be enforced, resulting in layoffs and loss of income, even if only temporarily. And that’s a scenario that could trigger a fourth stimulus check.

To be clear, President Biden has said he has no plans to implement widespread shutdowns similar to those imposed at the start of the pandemic. But if the omicron variant continues to fuel an increase in COVID-19 cases to the point where health systems are overwhelmed, some degree of government intervention may become necessary.

Should Americans Expect a Fourth Stimulus Check?

The economy has, at this point, come a long way since the start of the pandemic, when the unemployment rate hit an all-time high. If the COVID-19 situation worsens and negatively impacts the economy, it could justify sending another stimulus check to Americans’ bank accounts. But it is a step backwards that no one can hope for.

If anything, we should hope that the omicron surge indeed turns out to be relatively smooth and short-lived. And we must also hope that companies are not forced to temporarily close in its wake.

Many companies are still recovering from 2020. And at this point, we should be aiming for continued economic improvement instead of a setback.

It’s also worth noting that if too many restrictions are imposed due to the current outbreak, it could lead to more supply chain disruptions. And that could, in turn, produce even higher levels of inflation for American consumers.

Right now, many people are struggling to make ends meet due to the higher cost of living across the board. A fourth stimulus check could help in this regard, but if soaring inflation persists, it could easily erode this advantage.

Source link

]]>
Bengal government postpones ‘Duare Sarkar’ rollout of student credit cards https://blogcampcee.com/bengal-government-postpones-duare-sarkar-rollout-of-student-credit-cards/ Sat, 01 Jan 2022 22:18:00 +0000 https://blogcampcee.com/bengal-government-postpones-duare-sarkar-rollout-of-student-credit-cards/ With West Bengal experiencing an increase in Covid-19 cases, the state government has decided to postpone its “Duare Sarkar” program until further notice. The initiative, aimed at bringing government services to people’s doorsteps, was scheduled to be undertaken statewide from January 2.

The state government officially communicated on Saturday its decision to postpone the initiative indefinitely.

“(The) ‘Duare Sarkar’ program has been postponed for the time being and will be held thereafter. The dates of this will be communicated in due course, ”a notice published by the government indicated on Saturday.

Citing the rise in Covid cases, the government has also postponed the distribution of student credit cards which was due to start on January 3. Administration sources said parts of the state are moving towards a “mini-lockdown” thanks to the introduction of micro-containment zones.

Meanwhile, loudspeaker policemen were deployed to the city streets on New Year’s Day and warned revelers against dropping their masks. At the Kolkata Zoological Garden and the Victoria Memorial, which are popular with New Year’s crowds, police have been seen asking visitors to wear masks and maintain social distancing.

Until they were pressured by the men in uniform to wear masks, many were reluctant to do so.

Dealing with a sobering note about the city’s festive mood, the health department released a bulletin saying the state had recorded 4,51 new cases in the past 24 hours, up from 3,451 cases on Friday. Calcutta alone had 2,398 recorded cases on Saturday.

The state also reported nine new Covid-related deaths, bringing its overall toll to 19,773.

The state also recorded 1,913 new recoveries in the past 24 hours, bringing the cumulative number to 16 09,924, according to the health report. The recovery rate now stands at 97.99%, while the number of active cases is 13,300.

While Kolkata accounted for the bulk of the new cases on Saturday, five other districts – Kolkata, North and South 24 Parganas, Hooghly and Howrah – recorded 3,793 cases together.

A total of 37,542 swab samples were tested for Covid-19 on Saturday.

Aroop Biswas tested positive, stable

State Energy Minister Aroop Biswas was hospitalized on Saturday after testing positive for Covid-19, an official said. “He has mild symptoms and is being given antibodies. A doctor said. His condition was declared stable.

Source link

]]>
Commissioner Fried shares tips to protect against scams and skimmers | News, Sports, Jobs https://blogcampcee.com/commissioner-fried-shares-tips-to-protect-against-scams-and-skimmers-news-sports-jobs/ Fri, 31 Dec 2021 05:15:24 +0000 https://blogcampcee.com/commissioner-fried-shares-tips-to-protect-against-scams-and-skimmers-news-sports-jobs/

Florida Agriculture Commissioner Nikki Fried is giving Floridians advice on how to avoid travel scams and gasoline skimmers while on vacation.

“As many Floridians prepare to travel for the holidays, it’s important to take steps to protect yourself and your family from gasoline skimmers and other travel scams. “ Fried said.

“There are simple steps, like paying inside rather than at the pump and calling directly to confirm travel reservations, that can dramatically reduce your risk of falling victim to one of these scams.”

According to Commissioner Fried and the Florida Department of Agriculture and Consumer Services, here are five tips for consumers to avoid gasoline skimmer fraud:

• Pay inside rather than at the pump: It is much less likely that a skimmer was placed on the payment terminal in front of the clerk inside the gas station or convenience store. Take a few extra minutes to pay inside with cash or credit card to protect yourself against fraud.

• Examine the pump carefully: Avoid using pumps that are open or unlocked, have tamper-resistant security tape cut or removed, or that appear unusual. If anything looks cracked, loose, or weathered, use a different pump. Some newer pumps may also have encrypted credit card readers – look for an illuminated green padlock symbol near the credit card reader.

• Pay with a Credit Card: If a credit card number is skimmed, you are protected by the card issuer’s zero liability policy, but a stolen debit card number can be far more damaging. If you must use a debit card, choose to use it as credit, instead of selecting debit and entering your PIN. Use a chip credit card reader if available.

• Choose gas pumps that are closest to the physical building: Do not use gas pumps out of the attendant’s line of sight, such as those located on a street corner or behind a building. Thieves who place skimmers are less likely to put them in pumps where the store attendant can catch them red-handed.

• Check your card statements and sign up for fraud alerts: almost all credit card issuers offer fraud alerts, and many will email or text you when your card is used at a resort -service. Regularly check your credit and debit card transactions to ensure that no fraudulent activity has taken place. Consumers who suspect that their credit card number has been compromised should report it immediately to authorities and their credit card company.

When in doubt, consumers should contact the Florida Department of Agriculture and Consumer Services – all consumer complaints will be investigated. To file a consumer complaint, visit FloridaConsumerHelp.com or call 1-800-HELP-FLA.

Gasoline pump skimmers background

Skimmers – small electronic devices illegally installed inside gas pumps – began appearing in Florida in 2015 and have grown since. The Florida Department of Agriculture and Consumer Services Bureau of Standards routinely inspects gas pumps and analyzes petroleum product samples to ensure consumers are being offered quality products. Thanks to diligent efforts, the number of skimmers has increased from 1,309 in 2021 to 398 in 2021.

Skimmers can be undetectable to consumers due to their location inside gas pumps, and have a potential of $ 1 million in fraudulent credit card charges per skimmer. They range from simple devices that attach themselves to internal wiring that criminals must retrieve later, to sophisticated devices that deliver stolen credit card data via Bluetooth and automated text messaging.

For more information, visit FDACS.gov/skimmers.

The Florida Department of Agriculture and Consumer Services (FDACS) regulates travel sellers and most are required to register and post a deposit that can be used to make refunds. Visit www.FloridaConsumerHelp.com or call 800-HELP-FLA (435-7352).

The Federal Trade Commission (FTC) offers the following tips for planning a good trip:

Protect yourself against travel scams

Do business with companies you trust, get a copy of the company’s cancellation and refund policies. If someone says you won a “free” vacation but need to pay, just go.

Call to verify your reservations and arrangements: get details of everything “five stars” seaside resorts or “luxury” cruise ships they promise, including what other travelers have to say about them. Confirm all arrangements yourself. If you can’t get someone from the travel agency on the phone to answer your questions, consider taking your travel company elsewhere.

Consider using a travel app: Travel apps can help you find airline tickets and hotel rates, get real-time fare alerts and deals, and manage your itinerary.

Ask about “Subsistence costs”: When you book a room online, you expect the displayed rate to match the rate you will pay. But additional costs often called “Subsistence costs” – for services such as fitness facilities or internet access – may increase the cost per night of your stay. If you find out that a hotel hasn’t told you the whole story about mandatory fees, in addition to complaining to the company, file a complaint with the FTC.

Front Desk Scams: Travelers should be aware of a phishing scam that targets hotel and motel customers. Thieves call a hotel room from a number that cannot be found, pretending to be a front desk clerk. They’ll tell you that there appears to be a problem with your credit card information, and they need to re-verify all of your information or get another payment method. If the hotel you are staying at has a problem with your credit card information, they will explain the situation to you upon check-in. If there is a problem, they will then ask you for another payment method.

Here are some tips to keep in mind when staying at a hotel or motel:

• Make all payments in person.

Always book your hotel with a credit card instead of a debit card. Many credit cards are protected against fraud.

• Do not share your position on social networks.

• Never give out information over the phone if you receive a call in your hotel.

• Go directly to reception if you receive a call about a problem with your credit card.

Nikki Fried is Florida Commissioner of Agriculture

Source link

]]>
How much stimulus money will you get in 2022? https://blogcampcee.com/how-much-stimulus-money-will-you-get-in-2022/ Wed, 29 Dec 2021 14:32:21 +0000 https://blogcampcee.com/how-much-stimulus-money-will-you-get-in-2022/

Will more stimulus money be available next year?

Lawmakers have been hesitant to take action to deliver a fourth coronavirus relief check, despite repeated calls for another direct payment – and despite the rapid spread of COVID-19 as the virus mutates into different, more contagious variants.

Despite the fact that no fourth stimulus check has been enacted, some Americans will still see more money deposited into their bank accounts in 2022. Here’s what you need to know to determine how much money you may be entitled to next year.

Some Americans could get $ 1,400 (or more) in 2022

The American Rescue Plan Act was enacted by President Joe Biden in March 2021 to provide a third coronavirus relief payment. These payments were $ 1,400 per adult and per dependent. Most people have received this money so far, but some people have not received the full amount.

Specifically, people who added a new dependent to their family in 2021 should be entitled to the payment of $ 1,400 for that dependent (provided they meet other eligibility criteria, such as income. lower than the authorized limit).

This includes anyone who has had a baby or adopted a child. If you add multiple dependents to your family, you could get payments of $ 1,400 for each of them. So parents who had twins in 2021, for example, could receive a total of $ 2,800 in stimulus checks.

If you are in this group, you should make sure to file your 2021 taxes as early as possible towards the end of January to claim your money back.

Some Americans could get $ 1,800 (or more) in 2022

Those who added a dependent may not be the only ones getting another payment from the government. Many other parents may also be eligible for more funds.

See, the American Rescue Plan Act also temporarily extended the child tax credit for the 2021 tax year. Prior to 2021, the credit was a maximum of $ 2,000 per child and only $ 1,400 was. refundable. The credit had to be claimed on your taxes and you either lower your tax bill with that or could get back up to $ 1,400 even if you didn’t have at least $ 2,000 in tax payable.

The American Rescue Plan Act increased the credit amount to $ 3,600 for children under 6 and to $ 3,000 for children 6 to 17 years old. And it is now fully refundable. The IRS has also been ordered to provide half of this expanded credit at a rate of $ 300 or $ 250 per child deposited into bank accounts from July to December 2021.

This means that half of the extended credit has already been provided to most people. But eligible parents can claim the remainder of the credit they’re entitled to when they file their 2021 taxes. You may be eligible for a credit of up to $ 1,800 per child that reduces your tax bill or takes the form of a larger tax refund.

Parents who added a dependent to their family in 2021 may also have missed out on the expanded child tax credit of $ 3,600 or $ 3,000 they were entitled to last year. They could get this money with their stimulus check for $ 1,400 when filing their returns for the year.

Some Americans could get $ 3,600 (or more)

Finally, some lawmakers are hoping to make the expanded child tax credit permanent.

While there are issues that could prevent this from happening, if Democrats are successful in pushing through Build Back Better, every eligible parent could be entitled to the same expanded child tax credit they received in 2021.

This could mean that they again receive up to $ 3,600 for younger children and $ 3,000 for older children. If these payments are made monthly starting in January (or early in the year), that total amount could come in 2022.

Every American should make sure they know exactly how much they are entitled to and should make sure they receive the full amount of the COVID-19 stimulus money to help them meet the ongoing challenges the coronavirus continues to present. .

Source link

]]>
Credit card transactions hit record high in October https://blogcampcee.com/credit-card-transactions-hit-record-high-in-october/ Sat, 25 Dec 2021 19:13:00 +0000 https://blogcampcee.com/credit-card-transactions-hit-record-high-in-october/

A file photo shows a salesperson swiping a customer’s credit card through a point-of-sale machine in the capital, Dhaka. Credit card transactions hit an all-time high of Tk 1,964.3 crore in October amid growing reliance by part of the population on these cards amid economic shocks induced by Covid . – Photo New Age

Credit card transactions hit an all-time high of Tk 1,964.3 crore in October amid growing reliance by part of the population on these cards amid Covid-induced economic shocks.

Not only the use of credit cards but also the number of cards issued has grown tremendously since the Covid epidemic in the country.

In addition to the economic shocks induced by the pandemic, the adoption of digital payments has improved considerably since the Covid epidemic.

Data from a Bangladesh bank showed credit card transactions reached Tk 1,964.3 crore in October 2021, the highest after Tk 1,934.9 crore in June 2021.

Transactions in October were 41.21% or Tk 583.1 crore above the Tk 1,381.2 crore of transactions for the same month in 2020.

In January-October this year, credit card transactions increased 51%, or Tk 5,763 crore year-on-year.

In the first 10 months of 2021, credit card transactions reached Tk 17,014.8 crore compared to Tk 11,250.9 crore in the corresponding period of the previous year.

Besides the sharp increase in transactions, the number of cards issued increased by 36.08% or 8.49 lakh from October 2020 to October 2021.

The number of cards increased to 32.04 lakh in October 2021 compared to 23.54 lakh in the same month of the previous year.

Bankers said the growth in e-commerce business was the main reason for the significant growth in credit card transactions.

The country’s e-commerce businesses have seen significant growth after the coronavirus outbreak.

In October 2021, e-commerce transactions climbed to Tk 743 crore, 3.52 times higher than Tk 211 crore of transactions in October 2019.

Apart from credit cards, the number of debit and prepaid cards reached 2.57 crore and 4.54 lakh respectively in October.

In the month, debit card transactions reached Tk 23,126.3 crore, up 39.91% or Tk 6,597.1 crore from Tk 16,529.2 crore in the same month of the year last.

Transactions through prepaid cards reached 201.2 crore Tk in October 2021 compared to 179.4 crore Tk in the same month last year.

Source link

]]>
LOLC Finance named ‘The Finance Company for Credit Cards’ at the Next 100 Global Awards 2021 – The Island https://blogcampcee.com/lolc-finance-named-the-finance-company-for-credit-cards-at-the-next-100-global-awards-2021-the-island/ Thu, 23 Dec 2021 23:30:04 +0000 https://blogcampcee.com/lolc-finance-named-the-finance-company-for-credit-cards-at-the-next-100-global-awards-2021-the-island/

The next 100 global companies to watch highlights some of the most exciting, innovative and promising companies from around the world. At the Next 100 Global Awards 2021, LOLC Finance was named Financial Company for Credit Cards.

The Next 100 Global Companies list recognizes leading-edge companies whose strategies, accomplishments, dedication and leadership demonstrate exceptional achievement and are committed to delivering the products customers need and the results desired by customers act as a catalyst for the industry.

A wide range of criteria was used for the selection of these companies worldwide, including leadership and team experience, quality and track record, industrial footprint – regional / global, social contribution and the economic impact, the level of expertise, the growth rate, the technological advantages, the response and the engagement of the customers, the disruptive nature of the solution in their respective markets and the impact on their respective sectors.

Taking the largest segment of Sri Lanka on a journey to a cashless world, LOLC Finance – Sri Lanka’s largest non-bank financial institution (NBFI) launched its credit card operations at the end of 2018. Launched in Partnering with MasterCard ™, the main objective of the card proposal was to improve the value-added services offered to existing customers. LOLC Finance has issued eight types of cards catering to various customer segments and needs. A significant number of 70,000 cards have been issued after three years since the issuance of the first series of cards, despite unprecedented systematic shocks the industry has faced.

In early 2021, LOLC Finance introduced a new credit card named SAVI, exclusively designed for retirees and government sector employees across Sri Lanka. The card was introduced as part of LOLC Finance’s overall digitization strategy, which is in line with the Central Bank’s “2020 – Year of Digital Transactions” plan, aimed at promoting and publicizing digital payments nationwide. . SAVI has been awarded the “Best New Credit Card in Sri Lanka for 2021” by the Global Banking and Finance Review.

Speaking on the global recognition, Hasala Thilakaratne, Head of SMEs and Consumer Business at LOLC Finance PLC, said: “Despite the difficult operating environment that was experienced throughout 2020 and 2021, the Cards unit Credit has managed to reach a portfolio of over Rs. 2.2 billion. One of the key factors behind this impressive performance has been the continued investment and willingness to introduce new products and upgrade the functionality of existing credit cards and to invest in digital technologies, in order to be at the forefront. The introduction of continuous added values ​​and customer benefits has played a major role in achieving such global recognition and I believe we are on the right track as our customer centric approach is the reason for our success ”.

Senal Tharanga, Managing Director of LOLC Finance Credit Cards Business Development, added, “First of all, I am extremely grateful to our staff for their dedication and hard work, despite the many setbacks and challenges we have experienced in the past. in the midst of a global pandemic. An online credit card app has been launched to allow customers to apply for a credit card even during travel restrictions, only as an online app or via QR scan. In keeping with our customer-centric approach, cardholders have benefited from extended payments and fee waivers based on individual needs across the country, based on areas most affected by the pandemic.

LOLC Finance is the largest NBFI in the country with the largest fixed deposit and savings deposit base among registered financial companies in Sri Lanka.

Source link

]]>
Lincoln women’s credit cards stolen in apparent grocery store trick | Crime and courts https://blogcampcee.com/lincoln-womens-credit-cards-stolen-in-apparent-grocery-store-trick-crime-and-courts/ Mon, 20 Dec 2021 16:30:00 +0000 https://blogcampcee.com/lincoln-womens-credit-cards-stolen-in-apparent-grocery-store-trick-crime-and-courts/






Courtesy photo


My first idea of ​​this crime came when I was Deputy Chief Sheriff. One of my interns, a young man named Ron Boden (who became a veteran Deputy Sheriff), had researched the only known lynching in Lancaster County, in 1884. I came across a reference in the biography of the then sheriff, Sam Melick, to the murder of the Nebraska Penitentiary Director and the ensuing prison break. Melick had been appointed acting director after the murder and instituted several reforms.

Several years later, a colleague, Sgt. Geoff Marti, loaned me an excellent book, “Last Posse” by Gale Christianson, which told the story of the 1912 prison escape in gory, haunting and glorious detail.

Long story short, convict Shorty Gray and his co-conspirators took down Warden James Delahunty, a deputy warden and guard on Wednesday March 13, 1912. They then made their breakthrough – straight into the teeth of a brutal Nebraska blizzard of spring. Over the next few days, one group sued. During the pursuit, the escapees hijacked a young farmer with his team and cart. As the group got closer, a shootout erupted and the hostage was shot dead during the exchange, along with two of the three escapees.

There was a great deal of anger among residents of the Gretna-Springfield area over the death of their native son, and controversy raged over the law enforcement tactics that resulted in his demise. Lancaster County Sheriff Gus Hyers was not spared by the investigation, although it emerges from my perspective a century later that the fog of war led to tragedy.

Christianson, professor of history at Indiana State University who died earlier this year, notes the following on the cover page:

“For anyone living west of the Mississippi in 1912, the biggest news of that fateful year was a violent escape from the Nebraska State Penitentiary planned and carried out by a trio of notorious thieves and security blowers. “

Bigger news on half the continent than the sinking of the Titanic in the same year would certainly qualify this murder breakout as one of the most infamous Lincoln crimes in history.

Source link

]]>