Debt consolidation – Blog Campcee Wed, 22 Sep 2021 15:37:25 +0000 en-US hourly 1 Debt consolidation – Blog Campcee 32 32 Survey: For Americans with Unsecured Debt, Credit Cards Are Main to Blame Wed, 22 Sep 2021 15:37:25 +0000 A late-August 2021 US News & World Report survey shows that among Americans with unsecured debt, more …

A late-August 2021 US News & World Report survey shows that among Americans with unsecured debt, more than 53% say it’s mostly credit cards.

Credit card debt is considered unsecured debt, which means it is not tied to any asset, such as a house or a car. Respondents were asked what types of debt make up most of their unsecured debt, and in addition to credit cards, they cite:

– Personal loans, at nearly 21%.

– Medical debt, 12%.

– Payday loans, more than 5%.

About 52% of respondents report having between $ 10,000 and just under $ 40,000 in unsecured debt.

[Read: Best Balance Transfer Credit Cards.]

What interest rates do they pay

Almost 8% of respondents say they don’t know what their highest interest rate is, which is worrying. Among those who know their rates, here are the conclusions:

– About 35% declare an interest rate of 10% or less.

– More than 20% have a rate between 11% and 15%.

– More than 19% have a rate between 16% and 20%.

– Almost 16% have a rate between 21% and 25%.

– Almost 7% have a rate between 26% and 30%.

– Almost 4% have a rate greater than 30%.

Your interest rate depends on the type of debt you contract as well as your creditworthiness. With debt comes interest charges. Some types of unsecured debt, like credit cards and payday loans, charge compound interest.

This means that you pay interest on a balance that includes the interest charges from the previous month. With compound interest, your debt can grow quickly. Once you have fallen into this dangerous spiral, it is difficult to get out of it.

Why Americans struggle to get out of debt

Almost 42% of respondents say they have more unsecured debt than a year ago. When asked what the biggest challenges are in paying off their debt, about 20% say they are unforeseen expenses.

Other findings:

– About 19% have problems paying their bills on time.

– More than 15% have problems budgeting for payments.

– More than 15% cite irregular income as the culprit.

– About 13% say rising interest charges are a big factor.

– More than 7% have difficulty following multiple accounts.

How to pay off your debt

The first step is to identify what is preventing you from facing your debt. And if you determine that you have room for improvement in more than one area, that’s okay too. Be honest about your situation, then you can focus on one or more of these solutions:

– Automate your finances.

– Get a debt consolidation loan.

– Apply for a balance transfer credit card.

– Create an emergency fund.

– Get credit counseling.

Automate your finances

Almost one in five respondents say they do not pay their bills on time. If the problem is that you don’t have any money when the bill is due, you should contact your lender and explain your situation. Depending on the lender, it is possible to get into a hardship program while you catch up with your bills.

If it’s a timing issue, see if you can change the invoice due date. Move it over to a week when you have the cash to cover expenses.

But what if it was just a matter of forgetting? The simple solution is to automate your payments for as many invoices as you can. When you set up automatic payments with your bank or credit card, your lender deducts what you owe from your authorized bank account.

But make sure you have the funds in your bank account to cover the amount. Once you’re up to speed and pay your bills on time, you can start looking for ways to help you pay less interest on your debt.

[Read: Best Debt Consolidation Loans.]

Get a debt consolidation loan

When asked how to pay off their debts, about a quarter of respondents choose a debt consolidation loan as the most attractive option. With this type of loan, you consolidate your debts in order to reduce your number of creditors. And I hope you will get a lower interest rate and a lower monthly payment.

You need to make comparative purchases online. Compare rates and make sure you get the best deal you can qualify for.

It is important to note that it is not a good idea to consolidate medical debt. This can add interest charges to already heavy debt. Medical debt consolidation also removes consumer protections that apply to medical debt.

For other types of unsecured debt, however, a debt consolidation loan is a good option for those who do not have excellent credit scores. But if you have good credit, consider a balance transfer credit card.

Apply for a balance transfer credit card

With excellent credit, you should qualify for a credit card with balance transfer. These cards often come with an introductory annual percentage rate of 0% for a period of time, such as 12 to 18 months.

This gives you a chance to pay off (or at least decrease) the balance during the interest-free period. If you go this route, figure out what your monthly payment should be so that you have a zero balance before your regular APR starts.

[Read: Best Low-Interest Credit Cards.]

Build an emergency fund

If their debt was paid off, almost 23% of respondents said they would use the extra money to top up their emergency fund, which is a great choice. An emergency fund helps you survive a sudden financial crisis.

Even if you are in debt, try to allocate money from time to time to your emergency fund. Even a little bit helps.

Get credit counseling

If you think your debt is insurmountable, seek help. No matter how serious your situation, there is a solution. It may take a long time to repair, but starting today is the right decision.

You can contact the National Foundation for Credit Counseling to find a reputable credit counseling agency.

More American News

What is a delinquent credit card account?

Can I get a personal loan with bad credit?

What is a maximum credit card?

Survey: For Americans with Unsecured Debt, Credit Cards Are Main to Blame originally appeared on

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Mahomes Capital’s debt consolidation scam is back Tue, 21 Sep 2021 18:23:03 +0000

Is Mahomes Capital a scam? We will let you judge.

Mahomes Capital entices you by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3.04% to consolidate your high interest credit card debt. You will be directed to Mahomes Capital com or my Mahomes Capital com. More than likely, you will not qualify for any of their debt relief loans and they will try to turn you into a more expensive debt settlement product.

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This is nothing new. Many unscrupulous debt marketers have used it as a business model for years. They lure you in with the low interest rate, chain you in for a week, then let you know that you don’t qualify for a loan. They then offer you some very expensive debt settlement options.

Is Mahomes Capital legit or a scam? awarded Mahomes Capital 1 star (data collected and updated as of September 21, 2021). We hope the information below will help you make an informed decision on whether to do business with Coral Funding. We hope the information below will help you make an informed decision on whether to do business with Coral Funding.

  • Mahomes Capital operates two websites, Mahomes and myMahomes
  • Mahomes Capital is one of a collection of almost 50 websites that we have discovered. All of them are affiliated and listed below.
  • Our belief is that Mahomes Capital operates so many different websites in order to escape the huge amount of complaints and negative articles on the internet.
  • We advise you to exercise caution when working with Mahomes Capital. Affiliate websites have multiple negative reviews and scam complaints.
  • Mustang Advisors operates under the sovereign protection of the Mandan Nation, Hidatsa and Arikara (a / k / MHA Nation), a Native American tribe.

Mahomes Capital can probably be affiliated with the following websites:

  • Mustang Advisors
  • Hawkeye Associates
  • Dale Ready
  • Yellowhammer Partners
  • Big Apple Associates
  • Cornhusker advisers
  • Capital of the Bruins
  • Badger Advisors
  • Rockville Consultants
  • Snowbirds Partners
  • Gulf Street Advisors
  • Brice Capitale
  • Partners earlier
  • Associates of the Old Dominion
  • Harrison Financing
  • Johnson Funding
  • Taft Financial
  • Georgetown funding
  • Memphis Associates
  • Tate advisers
  • Patriot Funding
  • Malloy Loans
  • Plymouth Associates
  • Silvertail Associates
  • Safe Path Advisors
  • Coral funding
  • Neon financing
  • Cobalt Advisors
  • Saxton Partners
  • Hornet Partners
  • Associates of the colony
  • First state associates
  • Polk Partners
  • Scale advisers
  • Corey Advisors
  • Pennon Partners
  • Jayhawk Advisors
  • Clay Consultants
  • Great Lakes Associates
  • Pine Consultants
  • Alamo partners
  • Punching associates
  • Partners of the Montagne Blanche
  • Steele Advisors
  • Grand Canyon Advisors
  • Glider loan
  • Lucky Marketing
  • Golden State Partners
  • Pine Consultants
  • Derby Advisors
  • Graylock Advisors
  • Tuck Associates
  • Punching associates
  • Keel Partners
  • Ballast associates
  • Loan of tweed
  • Loan of competition
  • Graphite financing
  • August funding
  • Broadstar Financial
  • Financing Salvation
  • Loan of stallions
  • Pebblestone Financial
  • Sussex funding
  • Lafayette financing
  • Guardian Angel Funding
  • Bridgeline financing

Mahomes capital Reviews and ratings

Mahomes capital and its affiliate websites are not accredited by the BBB and have been the subject of numerous complaints and negative press under various names.

MEC Distribution SARL

At one point, Mahomes capital and its affiliate website operated as MEC Distribution, LLC. The Better Business Bureau launched its first alert on this company in February 2018:

In February 2018, BBB staff visited the Fargo ND addresses provided by MEC Distribution and found that all the locations were vacant and building management explained that although the rent was paid by MEC Distribution, the spaces offices were not in use. MEC Distribution LLC has provided BBB with a mailing address for handling complaints in Bloomfield Township Michigan. BBB mail to this address was returned as “undeliverable as addressed – cannot be forwarded”. BBB does not currently have a physical location for this business.

BBB has confirmed with the North Dakota Department of Financial Institutions that Lafayette Funding is not licensed in North Dakota as a debt settlement firm. In addition, BBB contacted the property management at Lafayette Funding claims in Bismarck, North Dakota, and learned that Lafayette is not located at this address. BBB advises extreme caution when dealing with this entity.

In February 2018, BBB staff visited the Fargo ND addresses provided by MEC Distribution and found that all the locations were vacant and the building management explained that although the rent was paid by MEC Distribution, the spaces offices were not in use. MEC Distribution LLC has provided BBB with a mailing address for handling complaints in Bloomfield Township Michigan. BBB mail to this address was returned as “undeliverable as addressed – cannot be forwarded”. BBB does not currently have a physical location for this business.

Mahomes capital BBB Reviews

You will not find a BBB file on Mahomes capital because the complaints have not yet started to flow. However, we have reviewed some complaints from its affiliate websites:

Cathy M. – 1 star reviewer

They changed their name to Salvation Funding. After seeing this note, I see why. I don’t know how they got my information, but they need to be stopped.

Terry W. – 1 Star Reviewer

Beware of bait and change mail. The conditions are “extremely different” from those advertised! It’s a waste of time.

My goal is to help others realize it’s a waste of time! Pebblestone Financial’s ad is certainly misleading in my opinion. After my conversation with Fred, his response was, “We can certainly help you… I’ll call you tomorrow morning with the details… prepare a pen and paper to jot down the numbers.” The sender understands in the fine print… This notice is not guaranteed if you do not meet selected criteria.

It also states, “This notice is based on information in your credit report indicating that you meet certain criteria. In my case, I’m not late on any payments, and neither will I. I am up to date on all unpaid debts and my credit history shows it. When Fred called the next morning… his terms were totally ridiculous and in my opinion “predatory loans”. When I ask Fred… are these the terms of the Pebblestone offer, he said yes. I replied, I am not interested in these terms and he immediately hung up the phone with no further conversation.

The reason I responded to Pebblestone Financial’s offer was to consolidate and simplify in one payment and take advantage of the low pre-approved rate averaging 3.67%. While I currently pay 10.9% to 12.9% to credit card companies… this offer was attractive. The sender said in BIG BOLD: You have been pre-approved for a debt consolidation loan with a rate as low as 3.67%. The pre-approved loan amount was actually $ 11,500 more than my total debt consolidation.

In summary… it’s definitely a “Bait and Switch” scheme in my opinion. I checked BBB comments before responding to this offer and did not see any negative comments. Now I see other very similar answers with the same “Bait and Switch” experience. Hopefully this will help others avoid wasting time in finding out about these unethical Pebblestone Financial practices.

The Rent-A-Tribe program

In recent years, hiding behind the protection of a Native American tribe has been made popular by internet payday lenders. In July 2018, Charles Hallinan, “The Godfather of Payday Loans” was sentenced to 14 years in prison for providing payday loans through the Mowachaht / Muchalaht First Nation in British Columbia. In January 2018, Scott Tucker was sentenced to more than 16 years in prison for running an illegal $ 3.5 billion payday loan business while operating under the “sovereign immunity” of the Modoc tribe. Oklahoma and the Santee Sioux tribe of Nebraska.

Why do we focus on Mahomes capitalNegative reviews of?

We urge you to do your own research and do your due diligence on any business, especially when it comes to your personal finances. We invite you to pay attention to what you find on the Internet. Compare the good and the bad and make an informed decision. In our experience, where there is smoke… there is fire. But you call.

Mahomes Capital Review

Mahomes Capital Review – Advise Caution

Mahomes Capital entices you by sending you a direct mail with a “personalized reservation code” and a low interest rate of 3-4% to consolidate your high interest credit card debt. You will be directed to Mahomes or my Mahomes More than likely, you will not qualify for any of their debt relief loans and they will try to turn you into a more expensive debt settlement product.

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Narrow focus on second mortgages Tue, 21 Sep 2021 10:36:26 +0000

James Rainbird is Managing Director of Pink Pig Loans

In this market, when we talk about second mortgages and their use, we tend to focus on a few key areas which is debt consolidation and / or home improvement.

Now, of course, there is a very understandable reason for this. It is a very clear fact from second charge life that most customers use seconds for one of these two things, or maybe both.

Pink Pig Loans hires a trio of directors

However, in doing so, we may be reducing the focus on using the second load and not really looking at a number of other reasons why a second load product might be suitable for a customer. And that could be particularly relevant in the type of housing market we have right now.

For example, ours has been a housing market dominated by buying activity for the past 12-18 months, and although this may decline slightly after the end of this month’s stamp duty holiday (although ‘it has already been and disappeared in Wales and Scotland), there is still a considerable amount of purchase demand based on a number of factors.

In looking at the buying industry, we have to accept that buying a home doesn’t come cheap. Just getting to the point of purchase requires a large deposit in most cases, and on top of that you will need money for the stamp duty (or its regional variations) you may have need money to renovate and refurbish when you move in, and you may also have to pay back family members who would have helped you get there but ultimately want to pay back.

There are also many other reasons why you would need additional cash immediately after completion but before that the question of stamp duty or Wales land deal tax or land and property tax Scotland is often a major consideration because I think a lot of people are surprised at how much money it takes.

In addition, it is a non-negotiable item and, while of course we welcome “vacation” periods, the chances of the government getting rid of it are non-existent given the revenue it generates.

In other words, you want the house, you kind of have to find the money to pay for it and the tax that goes with it.

Now, the simple recommendation might be to try and do all of this through a first mortgage, but again, that’s easier said than done. What if you hover around a certain LTV range and borrow more money on the first load is going to see you slip into a bunch of more expensive products? This could be costly in itself, especially since mortgages tend to be longer term.

However, there are options for using seconds here, and they basically allow the client to raise additional funds after the house is completed, which can then be used to fund whatever they need.

We tend to call this ‘ambitious borrowing’ and it is often required by those who might have larger mortgages, who perhaps have higher equity, and who have greater certainty about their income levels on a mortgage. longer period.

But, it can also be used, as mentioned, for those who quickly pay off family members – maybe they borrowed the money for the stamp duty payment – and those who wish to make changes to the stamp duty. home immediately.

The products that we can access to do this at Pink Pig are really flexible, with some lenders not working on income multiples, loans available up to 100% LTV, and a much faster “deal” as the customer has access to the money in a much shorter period.

Without such options, what we tend to see are clients who go looking for unsecured debt to finance their needs. And, in many cases, we then see the customer further down when, say, their 0% contract runs out and we’re trying to figure out how we might refinance that.

Ultimately, a second post-completion charge can work so much better on so many levels and, again, what tends to happen is that the debt incurred here is replenished in two / three / five years. under the remortgage, when the property’s value may well have gone up and the worry about slipping into a more expensive LTV isn’t there at all.

What we should be trying to do with seconds now is show the art of the possible. Of course, the vast majority of cases fit with a certain structure and need, but there are many other opportunities that may work much better for the client than a direct refinance or an additional advance.

Customers are savvy enough to recognize this and it is important that advisers don’t have their blinders on when it comes to seconds or else they will miss deals and the customer will miss the right option.

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Refinance Valuation: What To Expect Mon, 20 Sep 2021 21:54:57 +0000

Get a home appraisal for refinancing

First, let’s review the exact definition of an assessment. An appraisal refers to the estimated market value of your home. An appraiser determines the value of your home by inspecting your property and comparing it to recently sold homes in the area. When your home is the subject of a purchase appraisal, you cannot be present. Unlike a purchase appraisal, you can be present for the refinance appraisal.

Let’s learn more about why you might want to refinance and go through the steps to get a refinance appraisal.

Why Do Homeowners Refinance?

Why would you want to refinance your mortgage? Let’s take a look at some of the following reasons:

  • To get a lower interest rate or monthly payment through a rate and term refinancing: Interest rate and term refinancing allows you to replace your current mortgage with a new mortgage contract. You would probably do this to get a more attractive interest rate and financing terms.
  • To convert your equity into cash for home renovations or debt consolidation using a refinancing of collection: A cash-out refinance allows you to kill two birds with one stone: you convert your home equity into cash and refinance your mortgage at the same time.
  • To change your loan from one fixed rate has a variable rate mortgage (ARM) or vice versa: A fixed rate mortgage is a mortgage that pays the same interest rate for the life of your loan. In other words, you’ll keep the same interest rate for the life of your loan.

An ARM, on the other hand, refers to a home loan with a fixed interest rate for a period of time and then adjusted over time based on market conditions.

  • To get rid of private mortgage insurance (PMI): If you pay less than 20% down payment on a conventional mortgage, a mortgage guaranteed by Fannie Mae or Freddie Mac, two public companies, you will have to pay PMI. Most PMI payments are in addition to your monthly mortgage payment. A lender typically cancels the PMI once you reach 22% of your home’s equity or after your principal balance reaches 78% of your home’s original value. Refinancing can get you there faster.

Do any of these reasons encourage you to refinance? If so, let’s go deeper into a refinance appraisal.

Do you need an appraisal to refinance?

A lender almost always needs an appraisal when choosing to refinance because they want reassurance that they are not lending more than the value of your home. A refinance appraisal can determine if the home has depreciated at all since its purchase.

The main cases in which you may not need to take an appraisal include FHA, VA, or USDA loans.

What to do with a low rating

Sometimes a rating is low. This means that it could cause you problems – you may not be able to withdraw that much equity.

Yes your rating is too low and shows that you are under water, your lender will not allow you to refinance. Remember that the lender may not have had any influence or conversation with the appraiser regarding the appraisal of your property. By law, lenders cannot influence the value of a home.

If your home’s valuation is low, borrowers have several options:

  • You can dispute the appraisal and ask for a new one if it’s cheaper than expected, but be prepared to offer plenty of evidence that your home is actually worth more than the appraiser’s value.
  • You can pay the difference in your closing costs, but if the appraisal is much less than the loan amount, this may not be an affordable option.
  • You may have to wait to refinance until home values ​​in your neighborhood increase.
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HIG WhiteHorse Provides Funding to Avalon Mon, 20 Sep 2021 10:54:00 +0000

LONDON–(COMMERCIAL THREAD) – HIG WhiteHorse, a credit affiliate of global investment firm HIG Capital (“HIG”) is pleased to announce that it has set up a £ 55million unitranche financing for AnaCap Financial Partners (“AnaCap”) to support its industry growth and consolidation strategy in the UK wealth management platform industry. To date, AnaCap, one of Europe’s leading private equity firms specializing in financial services, has completed three platform acquisitions as part of its buy and build strategy: Wealthtime, Amber Financial Investments (“Amber ”) And Novia Financial (“ Novia ”), together“ Avalon ”or the“ Combined Group ”.

Of the three investments, AnaCap has now acquired nearly £ 11.0 billion from AuA and will continue to deploy its expertise in technology companies and operational commitment to strengthen the company’s organic expansion and identify business opportunities. ‘attractive targeted acquisitions.

Eric Verret, Head of Capital Markets at AnaCap, said: “The ability to secure funding through HIG WhiteHorse has enabled us to actively pursue our UK wealth management strategy while providing the comfort of working with a knowledgeable, professional and sophisticated counterpart. We thank HIG for working with us on this transaction.

Keith Green, Director of HIG WhiteHorse, said: “We are delighted to support AnaCap in its acquisitions and integration of leading wealth management platforms, with the Combined Group now ideally positioned for the opportunities to come. This transaction highlights HIG’s ability to support an attractive early stage buy and build strategy in a fragmented market. We look forward to providing additional financial support as the combined group moves into its next phase of growth. ”

About HIG Capital

HIG is a leading global alternative asset investment firm with $ 45 billion in equity under management. * Based in Miami and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco and Atlanta in the United States, as well as as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, HIG specializes in providing debt and equity capital to small and medium-sized enterprises, using an added approach:

  1. HIG’s equity funds invest in management buyouts, recapitalizations and company exclusions of profitable and underperforming manufacturing and service companies.

  2. HIG Debt Funds invest in senior, unitranche and junior debt financing to companies of all sizes, both on a primary basis (direct origination) as well as in secondary markets. HIG is also a primary manager of CLO, through its WhiteHorse family of vehicles, and operates a publicly traded BDC, WhiteHorse Finance.

  3. HIG’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

  4. HIG Infrastructure focuses on making value-added and core plus investments in the infrastructure sector.

Since its inception in 1993, HIG has invested and managed more than 300 companies around the world. The company’s current portfolio includes more than 100 companies with combined sales of over $ 30 billion. For more information, please visit HIG’s website at

* Based on total capital commitments managed by HIG Capital and its subsidiaries.

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]]> 0 Mitigating financial issues and when you can reapply for a security clearance Sat, 18 Sep 2021 12:30:41 +0000

Financial problems continue to reflect the number one reason American citizens are denied access to classified information. We had a ClearanceJobsBlog subscriber who was concerned that his case was a lost cause.

While complicated, SecretSquid’s chances of securing a security clearance are not completely hopeless. SecretSquid writes:

“I want to be transparent. I have no problem with criminal activity and my fingerprints were good. I struggled financially. When my credit was taken it was around 600 or so (higher on a report). I filed for bankruptcy 2 years ago. My student loans were in default about 7+ years ago, but only for a few months did I immediately get them out of default. I also owe federal tax arrears of about $ 3,500. I let them take my income tax refund and completely paid off the state’s tax debt. So my story shows financial problems that I worked to solve, but my fear is that there are too many problems.

Am I a lost cause? “

Financial mitigation techniques

SecretSquid has already deployed imperative mitigation tactics for people concerned about Directive F, Financial Problems. Get your student loan out of default through rehabilitation or loan consolidation? Good work. Pay off the state’s tax debt? To verify. Here are some other financial mitigation techniques that could be viewed positively by adjudicators:

  • Pay all bills – on time
  • Monitor your credit report
  • Register for financial workshops / credit courses
  • Don’t live beyond your means
  • Talk to a security officer / security clearance lawyer about your case

While the substantive investigators gather information, the adjudicators will make a decision based on the person as a whole. If you strive to get rid of your debt and do everything you can to avoid it in the future, your chances of getting clearance may not be completely reduced. The overdue student loan debt is the biggest problem so if the applicant can afford to pay it off in full rather than using repayments to pay off the debt.


If you find that your chances are reduced and you receive documents indicating that you have been refused (Statement of Reasons), however, don’t worry – you can request a security clearance from the same agency again after waiting for a full year. Each agency is different and may have other specific rules, but this timeline is the general guideline.

What’s the worst thing you can do? Try to cover up your financial problems early on instead of admitting fault.

Much of the customs clearance process is like the Pirate Code: “more what you would call guidelines than actual rules”. This case-by-case system aims to consider the whole person, increase the security of the process, and allow applicants with the lowest risks / highest needs to complete the process. However, it also creates a lot of questions for applicants. For this reason, ClearanceJobs maintains – a forum where permission seekers can ask the authorized community for advice on their specific security concerns. Ask CJ explores questions posted on the ClearanceJobs blog forum, emails received and comments from this site.

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Plan to expand the debt business with cutting edge products: Shantanu Sahai from Nomura Sat, 18 Sep 2021 11:27:01 +0000

MUMBAI : The private equity debt financing market has seen a significant shift in recent months, with private equity firms making larger acquisitions, with valuations steadily rising since last year. In an interaction with mint, Shantanu Sahai, Managing Director and Head of Debt at Nomura, explained how the Japanese investment bank is stepping up its debt business thanks to growing deals from private equity firms in India and new products emerging in this space. Private equity firms use debt in addition to equity to make acquisitions, as this lowers their overall cost of capital, thereby improving the potential return they can generate, while also allowing them to make larger acquisitions. . Edited excerpts:

What kind of growth has Nomura’s debt business seen in recent years?

In March 2016, when we had just started our debt business, we managed a single transaction with a single digit million dollar balance sheet rollout and revenues of a few thousand. But the business has grown considerably over the past five years and before Covid in March 2020 our balance sheet had grown 100 times and our revenues 125 times. Today, 8 out of 10 transactions executed in the Indian market by Global Tier I financial sponsors include Nomura. We’re also one of three or four shops across the street that offer the full line of debt financing and risk management products to the world of financial sponsors. The CAGR of rolling out our balance sheet and revenue over the past five years is over 100%. And despite this aggressive growth, the total cumulative delinquency, which corresponds either to delays or to defects over this entire period, is zero.

We closed six deals in the last quarter and we have a pipeline of nearly 17 more deals for this year. We had significant repayments in the first and second quarters of the previous fiscal year, mainly due to stock market volatility which triggered repayments in our margin loan portfolio which we then redeployed in several transactions concluded in the first quarter of fiscal year 21-22. We plan to double our balance sheet in the next 12 to 18 months.

Do you think buyout and M&A activity will increase significantly in the future?

We anticipate that over the next 12-18 months we are likely to see an unprecedented level of M&A activity due to both financial sponsors deploying more capital in the country as well as the theme of consolidation. in all sectors and therefore the financing of private equity fund activities in India through not only the old favored sectors but also an enlargement or enlargement of the sectors. So, for example, we find that private equity activity has traditionally remained in healthcare, consumer financial services, but now we also see industrial projects, automotive components, renewable energy and in a certain measurement of annuity projects.

Private equity firms have recently taken on larger debt to fund their buyouts. What is driving this trend?

Between November and March, there was a strong demand for financing acquisitions in the unlisted sector, as while listed valuations had risen significantly, valuation expectations on the unlisted side were still reasonable. But after March that changed and even on the unlisted side, promoters started looking for valuation multiples comparable to listed peers. So a private equity fund that previously paid, say, 20 times the valuation of EBITDA, now had to pay 25 times or 30 times. At 20 times the Ebitda, they borrowed 4-5 rounds of that of banks at 6.5-8.5% which would lower their weighted average cost of capital, but with increasing acquisition multiples, these 4- 5 rounds became less meaningful for funds and their borrowing demand increased proportionately to 6-7 rounds of Ebitda while paying higher returns.

How has this change impacted the acquisition finance market?

This change has resulted in a significant shift in the leverage market. Previously, acquisition financing was underwritten by banks like ours and placed in the commercial banking space in Taiwan, EMEA, Australian and Southeast Asian banks, etc. deferrals, higher operating leverage and higher subordination make commercial banks unable or unwilling to subscribe to this paper in accordance with their own risk / investment policies.

As a result, the entire universe for selling these types of loans has shifted from commercial banks to credit funds and other participating institutional investors. This is an institutionalization of the leveraged acquisition and financing space that has occurred across the board over the past three to four months. This change happened for the first time in India. This is a new product on the block called unitranche and currently very few banks are meeting this market need. There are only two to three banks in the market, including Nomura, that offer these unitranche loans to clients. This is explained by the ability of a bank to offer this product based on its ability to subscribe and then to spread this risk over the universe of non-bank institutional investors.

So at first glance it looks like a product, which is just a little different from the usual leveraged buyout and finance products in the sense that the leverage is maybe a bit more, the covenants are more flexible, yields are higher, duration is longer, etc., but the consequence is a product which is not likely to be sold in the commercial banking space. So it needs a whole new base of investors to sell it.

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2021 Accredited Debt Relief Review • Benzinga Fri, 17 Sep 2021 18:30:00 +0000

Manage Debt With Accredited Debt Relief

Having more money than you can pay back is an uncomfortable feeling. You could try not to think about it, but worry underlies every moment of your waking hours. You dread the idea of ​​bankruptcy, but it seems that no other alternative exists. In Accredited Debt Relief, you have found a prudent solution.

Accredited debt relief knows that debt relief is not universal. Each customer has a unique story that requires a personalized solution. By truly listening to clients and pairing them with personalized programs to reduce their unsecured debt, Accredited Debt Relief provides financial assistance to those in need.

Certified debt specialists, together with a dedicated client success team, provide support every step of the way. The process works like this:

Call us for a free consultation: Before explaining how the program works, a certified debt specialist takes the time to get to know you and your financial situation. Then you’ll work together to customize your monthly deposit amounts based on your goals, your total debt amount, and your budget.

Make your monthly deposits: You will open a savings account in your name which will be under your full control. This dedicated account is where you send your monthly program deposits, which will then be used to pay off your debts.

Stop using your credit cards: From now on, you will leave communications with your creditors at Accredited Debt Relief. You will also stop using any lines of credit or loans enrolled in your program.

Debt Resolution Negotiators Fight For You: Debt Relief Accredited Debt Resolution Negotiators will work to secure settlements that will help you increase your savings, reduce your total payments, and resolve your debt as quickly as possible. They will use their years of experience with creditors to create a negotiation strategy and decide which of your accounts to settle first.

The debts are settled: When a creditor accepts a settlement, you must approve it. The money you have accumulated in your dedicated account will be used to pay for each resolution. Once you have paid your creditor in full, this debt will be settled.

Accredited Debt Relief tailors its programs based on client needs. Clients have access to a client dashboard that tracks the progress of their program. Each program is designed to help clients feel confident in this partnership. Accredited Debt Relief is here to answer customer questions, listen to their needs and earn their trust through positive results.

Accredited debt relief gets its 5 star customer service rating. A call to 877-201-2548 is greeted with a friendly voice after just two automated touch responses and no waiting time. The nice voice on the other end of the phone, after hearing it was just a call to make sure the phone number was up and running, gave a brief rundown of how Accredited Debt Relief team members try to help consumers in debt.

In addition to calling, you can get help by email or through an online form. The FAQ section contains a lot of information on the specifics of working with accredited debt relief, as well as general financial information.

When you call, you can speak to a debt counselor without any obligation. They will patiently and encouragingly explain the process of the accredited debt relief program, the cost of its completion, and all the other things that revolve around relief like debt consolidation, bankruptcy, and credit reports.

Any service you buy comes at a cost, and a debt settlement company is no exception. Although Accredited Debt Relief does not charge an upfront fee for the work it performs, its fees are based on your personal circumstances and the amount of your debt. The fees are based on a percentage of your debt entered when you start the program, and they can range from 15% to 25% of that debt. Programs can last from 12 to 48 months.

On average, customers need to save about 40% to 50% of each debt owed to a registered creditor before a good faith settlement offer is made. On average, clients receive their first settlement within 4-6 months of enrollment and approximately every 3-6 months thereafter from the time the previous debt has been settled. Accredited Debt Relief fees are competitive within the industry. Because the company is able to negotiate some of your debt, the fees you have to pay are more acceptable than if you had to pay fees and cover all of your debt.

Debt settlement (also known as debt settlement, negotiated debt settlement, or debt negotiation) is a process by which a business works on behalf of its client to secure more favorable terms with creditors or debt collectors. Accredited debt relief is all about reducing the overall amount you owe and paying off debt faster than you would on your own.

While it may sound too good to be true, the debt resolution process is pretty standard for creditors. They know that customers facing difficulties may never pay the debt or decide to file for bankruptcy, so it is in the best interests of the creditor to agree to different terms rather than receiving no money at all.

When you work with Accredited Debt Relief, you pay off your debts for less than you owe, learn to save, and rely on their experienced guides to do the heavy lifting for you. A business that has solved the debt problems of 140,000 people and consolidated $ 500 million in debt has a lot to offer, too.

When you do something fun, you have a low bar for your user experience. So what if the ice cream lady is cranky? you’ll lick your twisty cone and laugh at its growls in two minutes. When working on a large, serious project, you need every aspect of the user experience to be fluid, clear, and positive. This is what you will get with accredited debt relief as confirmed by numerous customer reviews and a high rating from the Better Business Bureau (BBB). Accredited Debt Relief’s certified debt specialists guide clients through the options, providing them with the best program for their unique circumstances. It is a very personal experience made as pleasant as possible by a caring and well-trained team of debt partners.