Money – Blog Campcee Mon, 21 Nov 2022 23:35:28 +0000 en-US hourly 1 Money – Blog Campcee 32 32 Buy now, pay later with no credit check – Forbes Advisor Australia Mon, 21 Nov 2022 23:35:28 +0000

Usually, BNPL account processing is usually done electronically and no documents need to be submitted.

The BNPL sector in Australia currently operates under a voluntary code of conduct, which requires operators to undertake an assessment to ensure you can repay a BNPL loan. But exactly how these assessments are undertaken is open to interpretation.

Most BNPL providers undertake a ‘soft credit check’ when confirming your details and approving your registration, but this check is not recorded on your credit score. Others will approve you for a BNPL account without doing a credit history check.

For example, Afterpay will instantly approve you without performing a credit check if you are at least 18 years old, have a personal email address and mobile phone number, and have an active Australian credit or debit card. Splitit also doesn’t do a credit check, just insisting that you have an available balance on your credit card.

BNPL players that require a credit check before approving your account include Zip Money, Zip Pay, Openpay, Klarna, bundll, Laybuy and Latitude Pay. Humm will insist on a credit check in some cases, depending on the loan amount.

Although a soft credit check will not appear on your credit report and therefore will not impact your credit score, please be aware that if you miss a BNPL payment, it could end up on your credit report, which will impact your credit score.

In addition, the federal government has expressed an interest in closing the loophole that allows BNPL to escape regulation applied to other credit products under Australian law. This may involve more detailed credit checks, so watch this space.

Advantages of BNPL without credit check?

For starters, you can get approved very quickly. You can stand in your favorite store with this new dress in your hand and take it home without paying a dime 10 minutes later.

Not only is approval much faster, but the lender doesn’t know your financial history. Therefore, consumers who do not always meet their financial commitments may also have access to this form of credit, even if they cannot necessarily obtain a credit card.

It also means that consumers with a bad credit history are not punished for mistakes that may well be behind them.

Disadvantages of BNPL without credit check?

Count the paths.

Bear in mind that for now at least the BNPL is not covered by the same obligations that banks and other lenders are subject to, which means that BNPL lenders do not have to check if you can enable you to make payments.

Without needing to do a credit check to make sure you’ve handled your finances well so far, it’s easy to go over your head. This means you can get into financial trouble if you over-buy and can’t make payments on time.

If you have poor impulse control, it could mean you’re spending more than you can actually afford. If you don’t trust yourself with money or have a poor track record of managing your finances, be extra careful.

Some people now rely on BNPL to pay for day-to-day expenses such as groceries, which means reimbursements can arrive in droves and quickly, making it more difficult to track payment. It also means making sure you have enough funds on your credit or debit card to cover each payment.

And of course, if you miss a scheduled repayment, you may be subject to high fees and charges, which can affect your credit score.

CreditStrong Review 2022: Is It The Right Credit Building Option For You? Wed, 16 Nov 2022 23:21:47 +0000

GOBanking Rates Score

Quick take: CreditStrong works by taking out a loan, usually between $1,000 and $10,000, from Austin Capital Bank on your behalf. The funds for this loan are then secured in an FDIC-insured savings account. All loan repayments are reported to three major credit bureaus, and once the loan is fully paid off, you have now created credit that increases your credit score.
  • Costs
  • Rates
  • Plans
  • Security

How did we calculate this?


  • No credit check
  • No cancellation fees
  • Reports to the three credit bureaus

The inconvenients

  • High administrative costs
  • Can’t get it without bank account or debit card
  • No mobile app

CreditStrong Overview

The credit system can be tricky. How do you get approved for a line of credit when you don’t have a high credit score, but to improve your credit score you need a line of credit? The cycle continues, but it can be broken with CreditStrong because a CreditStrong account works for those with bad or no credit.

CreditStrong does pull hard credit check, in fact they do not require any credit check. This saves you from having to worry about affecting your credit score and information that you don’t have or won’t help you with your application.

CreditStrong Key Features

The consensus is that CreditStrong is better for those trying to build their credit or those with poor or no credit history. You can also secure the loan without getting a credit check. CreditStrong has competitive fees and rates and offers a wide variety of plan options.


Within the separate plans of CreditStrong, there are different options. Since some fees are monthly and others are upfront, the plan you choose may depend on your financial situation at the time of application. Below, the plans are broken down into tiers with variable fee information.

CreditStrong Plan Costs
Subscribe 100 Monthly cost: $15
Initial administration fee: $15
Subscribe 2500 Monthly cost: $30
Initial administration fee: $15
Build and save 1000 Monthly cost: $48
Initial administration fee: $15
Build and save 2000 Monthly cost: $96
Initial administration fee: $15
Build and save 1100 Monthly cost: $38
Initial administration fee: $15
MAGNUM® 5000 Monthly cost: $55
Initial administration fee: $25
MAGNUM® 10000 Monthly cost: $110
Initial administration fee: $25


Depending on the plan and loan amount, your interest rate or APR will vary. CreditStrong’s interest rates are competitive with some lenders, although some of their upfront administration fees seem high, but that’s not necessarily abnormal. One advantage is that many plans not only strengthen your credit, but also help you create a savings account. The interest you pay is determined by the amount of your loan and the length of the term in which you are paying it back.

CreditStrong Plan APR and Term
Subscribe 1000 APR: 13.50%
Duration: 10 years
Subscribe 2500 APR: 7.75%
Duration: 10 years
Build and save 1000 APR: 15.51%
Duration: 24 months
Build and save 2000 APR: 14.74%
Duration: 24 months
Build and save 1100 APR: 15.73%
Duration: 36 months
MAGNUM® 5000 APR: 5.91%
Duration: 10 years
MAGNUM® 10000 APR: 5.85%
Duration: 10 years


CreditStrong offers several plans at different levels that can make it more accessible to get the loan that’s right for you. They also design the types of plans for different needs such as plans that build your credit fast, build your payment history or build big credit. As mentioned above, there are different tiers within each plan, but below is a general breakdown of the plans offered by CreditStrong.

To plan Features
Round. -Best value for money plans and designed to build your credit fast
– Starts repairing bad credit immediately
Install. – Cheapest plan to get started and designed to build your payment history
-Low fees
MAGNUM -Largest amount of credit designed to show that you can handle large amounts of credit
-Good for those with more cash than credit


All CreditStrong accounts are through Austin Capital Bank, which is FDIC insured, so your money is safe. Because it’s FDIC insured, your deposit is protected up to $250,000 per account. You would only have to worry about loans above this amount that are not offered by CreditStrong.

How does CreditStrong compare?

When comparing lending options, it’s important to do your research and find the company and plans that best suit your needs. CreditStrong has a few companies it is often compared to such as SeedFi, MoneyLion or Self.


SeedFi is comparable to CreditStrong in that it works with a similar business model of lending, credit building and savings building.

  • Amount of the loan: $500 to $7,000
  • Credit check: None for the Credit Builder account. Credit check required for Borrow and Grow plan.
  • APR: 12.96% to 29.99%
  • Monthly fee: $1


Like CreditStrong, SilverLion is a credit building company, but they also provide more financial products and services.

  • Amount of the loan: $500 to $1,000
  • Credit check: Yes
  • APR: 11.99%
  • Monthly fee: $19.99


Although Self and CreditStrong are very similar, Self generally seems to offer lower costs on the plans.

  • Amount of the loan: $520 to $1,663
  • Credit check: Yes
  • APR: 12.44% to 15.97%
  • Monthly fee: $9

How to apply for CreditStrong

To create an account with CreditStrong, you can simply visit their website. Within minutes, you can apply without affecting your credit. When applying, you will need to have either a active prepaid card, current account Where debit card. The app doesn’t take long, but just in case you need to leave before you’re done, you can just log back in later and pick up where you left off as the information will have been saved under your login.

A minor drawback is that CreditStrong does not have a mobile app, which means that all applications and subsequent transactions made online would have to be done through the website. It’s not the end of the world, as you can still access the website through your phone, but it’s a little less user-friendly.

Who CreditStrong is best for

If you are unhappy with your current credit situation or have no credit to speak of, CreditStrong may be the right decision for you. You can build your credit fairly quickly as well as save money on your payments. There are fees and interest rates to consider, so be sure to research which plan and loan would be best for you. If you decide to go with CreditStrong, on-time payments will be the secret to building a successful credit history.

Final take

CreditStrong offers a good system with many advantages. Because it’s FDIC-insured, you can rest easy knowing your money is safe and your monthly payments will be reported to all three major credit bureaus. If you’re looking to get your credit back on track or start building your credit initially, CreditStrong might be worth checking out.

CreditStrong FAQs

  • Is CreditStrong legit?
    • A CreditStrong account is a legitimate secure consumer installment loan as well as an FDIC insured savings account.
  • Is CreditStrong pulling hard?
    • CreditStrong does not make any effort or investigation to open the account as it does not require an initial credit check. This means that opting for a CreditStrong account will not affect your credit.
  • What is a CreditStrong account?
    • A CreditStrong account is a consumer-secured installment loan as well as an FDIC-insured savings account.
  • How does CreditStrong help your credit?
    • All loan payments at CreditStrong are reported to three major credit bureaus, and once the loan is fully paid off, you have now established a credit history. By making these monthly payments and repaying the loan, you can significantly increase your credit score, which is helpful if you have little or no credit. This can benefit your overall FICO score, which is determined by payment history, amount of credit, length of history, and credit mix.
  • What other credit companies are there?
    • Many financial institutions offer lines of credit or credit building opportunities, companies with similar business models to CreditStrong are MoneyLion, Self or SeedFi. Fees, APRs, loan amounts, and length of terms vary by company and plan.
  • What is the difference between a soft pull credit application and a hard pull credit application?
    • Credit checks can be problematic because they can affect your credit whenever information is requested by an individual or institution. The difference between a hard draw request and a soft draw request is that a hard draw will affect your credit score, while a soft draw request will not.
  • How long will it take to apply for a CreditStrong account?
    • According to the CreditStrong website, the application process takes about five minutes. If for some reason you cannot complete the application in one sitting, your information will be saved under your username and you can complete the application at another time.

Information is accurate as of November 10, 2022.

Editorial note: This content is not provided by any entity covered by this article. Any opinions, analyses, criticisms, evaluations, or recommendations expressed in this article are those of the author alone and have not been reviewed, endorsed, or otherwise endorsed by any entity named in this article.

Our in-house research team and on-site financial experts work together to create accurate, unbiased and up-to-date content. We check every stat, quote and fact using trusted primary resources to ensure that the information we provide is correct. You can read more about GOBankingRates processes and standards in our editorial policy.

NOW Broadband DROPS 63Mb Super Fiber at £20 per month Thu, 10 Nov 2022 15:35:24 +0000

Dan Howdle | November 10, 2022

63Mb Super Fiber now just £20 per month!

There are a bunch of reasons why you might consider NOW Broadband, from its absolute value, Sky quality customer service or lack of credit checks. Right now, there’s an even more tempting reason to switch to NOW. For a limited time, its 63Mbps Super Fiber plan has been discounted to match its 40Mbps Fab Fiber offer – just £20 a month!

Incredibly cheap for such fast broadband

When you look at this NOW Broadband offer from the perspective of other offers right now, it’s incredibly impressive. To get an idea of ​​the price of this offer, we can say with absolute certainty that at the time of writing it is the cheapest offer in the UK in this speed category.

Of course, being the cheapest, you won’t get any rewards for new customers such as vouchers, cash back or freebies. Such is the nature of the beast. If you want these things, you will pay more. But if your only goal is to pay the lowest price for your broadband each month, this offer is the one for you. It should be noted that there is an initial £5 charge for postage of your new router.

The deal comes on a 12 month contract, so you won’t be tied down for as long as you are with some providers. And despite its low price, the NOW Broadband NOW Hub 2 Router offers next-generation Wi-Fi, intelligent channel selection, dual band, and five antennas. And if you’re not at all sure what all that geekspeak means, basically it’s a decent router!

NOW Broadband does not perform credit checks

This is quite an unusual feature. Broadband packages are essentially a credit agreement. You get a free router and broadband access, and in return you pay a total amount equal to the contract term multiplied by the monthly fee.

For this reason, most broadband providers will perform a credit check when you sign up, which means that if your credit rating is poor for any reason, you may be turned down as a new customer. This is not the case with NOW Broadband. Anyone who wishes to register can do so, regardless of their credit history.

Get this offer Visit NOW

You can add NOW TV Entertainment to your package

NOW TV Entertainment provides most Sky TV shows, available to watch at your convenience via the NOW TV app, which you can download to your streaming stick/box, mobile device or Smart TV operating system. You will need to check if there is a version of the app available for the device you have chosen.

However, unfortunately, there is no discount for bolting it onto your NOW Broadband deal. It’s £9.99 a month whether you’re a NOW Broadband customer or not. That’s to be expected when broadband is already this cheap, but it could be seen as a convenience in the sense that everything will go on one bill.

Installation takes about two weeks

Provided you have a landline in your home, NOW Broadband takes about two weeks to get up and running from the time you sign up. Most broadband providers are on the same network – Openreach – with Virgin Media being the exception. So if you’re on Virgin Media and switching to NOW Broadband, it may take a little longer depending on your situation.

Once you have the router in your hands, all you have to do is plug it in and follow the instructions in the box. In most cases, there should be no break in service between your old and new provider.

NOW Broadband ranks high among customers asked 6,000 broadband customers what they thought of their providers as part of our broadband customer survey. NOW Broadband placed third overall, with particularly high marks for installation/switchability and value for money.

Get this offer Visit NOW

4 reasons using a personal loan to pay off your credit card is a bad idea Fri, 04 Nov 2022 17:00:24 +0000

Image source: Getty Images

Should one debt be exchanged for another?

Key points

  • Personal loans are an easy way to borrow money for any purpose, including paying off credit card debt.
  • You could run into trouble with high interest rates, fees, and put your home or car at risk by getting a personal loan.
  • You can make getting out of debt easier by choosing a repayment technique, increasing your income, and honestly assessing your spending habits.

Personal loans are a way to borrow money that can be used for any purpose. This differentiates them from a mortgage or car loan, which must be used to purchase a house or a car, respectively. Getting a personal loan is quite simple and involves choosing a lender based on available interest rates (your credit score impact on the rates you will be offered, with the lowest interest rates going to borrowers with the highest credit scores), completing an application, undergoing a credit check, getting approved, receiving money from your loan and repay the loan over months or years, with interest.

Interest rates on personal loans can be lower than you’d get with a credit card, so if you’re struggling with credit card debt, you may be wondering if you should take out a loan. debt consolidation loan to get out from under. Is it a good financial move to make? Here are a few reasons why you might want to think twice.

1. You can’t get a lower interest rate

If you’re struggling with bad credit on top of your card balances, you may not qualify for a low interest rate. There are lenders who cater to those who have less than stellar credit, but you will pay a higher interest rate than if you had good or excellent credit. Depending on the interest rate attached to the credit card(s) you’re trying to pay off, you might not get a personal loan. One way to ensure you get the best deal possible, even with a lower score, is to shop around with multiple personal lenders. Many offer loan pre-approval, so you can get an idea of ​​what terms you’ll qualify for before you get started.

Another problem you might face using a personal loan to repay credit card debt is an additional charge. Some lenders may ask you to pay an origination fee for the loan, often equal to 1% to 8% of the total amount you borrow. Other charges you may face may include a loan prepayment penalty, processing fees, and if you are late with a payment, you may also incur late fees.

3. Secured loans can be risky

If you cannot qualify for an unsecured personal loan, you may need to take out a secured loan. These sometimes come with lower interest rates, but that’s because you’re risking collateral, like your house, car, or other valuables, that will be seized by the lender if you don’t. not refund. It’s a route you could take if you can’t get a loan otherwise, but providing collateral adds another layer of potential problems to using a loan to pay off credit cards.

4. It may not solve your spending problem

This last reason is important. If you can get approved for an unsecured personal loan at a reasonable interest rate, you’ll save money on your credit card debt payment. But unless you really want to dig deeper and get to the root of your spending problem, this won’t solve it. Let’s say you get the loan, pay off the credit cards, and run into trouble again – this time with $0 starting balances on all those credit cards.

Eliminating the credit card temptation altogether may seem like the safest route, but closing your cards once paid, it’s often not a good idea. Closing unused cards will negatively impact your credit score by reducing your total available credit limit and reducing the average age of your account.

In the end, only you know yourself. If you pay off your cards with a loan, can you avoid topping them up again and ending up in an even deeper hole than before? If the answer is no or you’re not sure, a personal loan to pay off your credit cards may not be the best solution for you.

Alternatives to debt repayment

I got rid of credit card debt myself this year, without resorting to a personal loan. There is a some ways to approach debt repayment. I relied on the debt snowball method, where you first invest more money into paying off your smaller balances, then move on to the next balance. By the time you reach your highest balance, all the money you put on your other credit cards goes towards that final balance. Another debt repayment method with a similar concept is called the debt avalanche method, in which you focus on paying off your highest-interest debt first. This way you will save money, but it may not be as psychologically satisfying as snowballing your debt. Watching your debts snowball away can be very motivating.

Many well-meaning people will tell you that you can simply budget your way of solving money problems, but that assumes you earn enough money to start with. Evaluate your expenses against your income to determine your own situation, but you will probably find that it will be more productive for your debt repayment if you can bring in some extra cash, perhaps by get a stampede or a better paying full-time job (or both).

Paying off debts is difficult. It’s hard to be honest with yourself about your finances, but I can tell you that the rewards (both financial and emotional) are huge. Getting a personal loan to help with your credit card debt might be a good fit for you, but be sure to consider all of the above angles before making a sure decision. Good luck – I’m rooting for you.

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.

Need a car? Follow these 4 steps before setting foot in a dealership Thu, 03 Nov 2022 12:00:31 +0000

Image source: Getty Images

It is definitely worth being prepared.

Key points

  • Car payments can be a huge strain on your budget.
  • It’s important to figure out what you can afford and research borrowing options before looking at cars in person.

Many of us need a car to function. But owning a vehicle can be an expensive prospect. You have to feed it, to assure and process monthly payments if you end up funding it.

And many car owners do end up financing vehicles because they don’t have a lot of cash lying around. If this is the boat you expect, don’t worry. But also, don’t just walk into a dealership unprepared. In fact, it pays to take these essential steps, as suggested by Your rich best friendbefore going to see the cars in person.

1. Check your credit score

Your credit score indicates how trustworthy or risky you are as a borrower. From now on, there is no longer a minimum credit score required to finance the purchase of an automobile. But the higher your credit score, the more the terms of your auto loan are likely to be. And a higher credit score can make you pay significantly less interest on your car loan, allowing you to better manage your monthly payments.

As such, it’s important to check your credit score before looking at cars. If you see that your score needs work, you can take a few steps to improve it before you apply for an auto loan – and end up with an unfavorable borrowing rate that drives up your costs.

2. Determine how much you can afford to borrow

It’s easy to get tempted by a car with great features. But if buying that car means signing a car loan with monthly payments of $750 and the maximum amount you can afford is $450 a month, then you’re taking a really big risk.

Before heading to a dealership, sit down and check your budget (or make one) to see how much car payment you can swing. Remember, you don’t want to mess with a car loan because then you might fall behind on other bills, like your mortgage or utility charges.

3. Shop around for financing

If you know you’ll need a car loan to finance a car purchase, don’t rely solely on the financing figures given to you by the dealership. Instead, shop around to see what options you might have. You can research different lenders online to see what their loan rates look like.

4. Ask for pre-approvals

Just like you can get pre-approved for a mortgage loan, you can also do it for a car loan. This will give you an idea of ​​how much you can afford to borrow.

Now, if you’re planning on shopping around for pre-approvals, be sure to do so within the same 14-day window. Each time a lender digs into your credit history, it counts as a thorough investigation of your credit file.

One serious inquiry can drop your credit score a few points, which is usually not that bad. But you don’t want multiple difficult requests in a short time. However, if you shop for the same type of loan within the same two-week period, these various difficult requests will only count as one.

The more you prepare before entering a car dealership, the more likely you are to land a good deal – and the less likely you are to make an auto purchase you will end up regretting.

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.

4 unsung benefits of robo-advisors Sun, 30 Oct 2022 16:00:35 +0000

Image source: Getty Images

These automated investment tools have several features that you should know about.

Key points

  • Robo-advisors can build and rebalance an investment portfolio for you.
  • Most of them also have other useful features, such as helping you save on taxes.
  • You can also choose socially responsible investments and get a line of credit on your portfolio.

For novice and hands-off investors, robo-advisors are a popular choice. Many online stock brokers have robo-advisors available, which determine how to invest your money based on the information you provide about your goals and risk tolerance. They also tend to cost a lot less than traditional human advisors.

Although many investors know the basics of this best robo-advisors offer, there are also advantages that are not known to everyone. If you’re not sure about using a robo-advisor, here are four little-known benefits they can offer.

1. Tax loss harvesting

Several robo-advisors offer tax-loss harvest to help you reduce your tax bill. The basic idea behind tax loss harvesting is that you sell losing investments to lock in capital losses that you can include on your tax return.

You then use those capital losses to offset your capital gains, and if you have any remaining losses, you can apply up to $3,000 a year against other forms of income. It is one of the few the silver linings of a falling market.

Robo-advisors with this feature manage the collection of tax losses for you. After selling a losing investment, the robo-advisor can also reinvest in a similar fund. This way, you can deduct the losses on your taxes, and since you have a similar investment, you can still profit from it if its value increases later.

2. Socially Responsible Investing

Socially responsible investing has become a hot topic in recent years. Many investors want to use their money to support companies that match their values.

To better serve these investors, some robo-advisors offer socially responsible portfolio options. These portfolios generally avoid companies considered irresponsible due to social or environmental issues. They focus on investing in companies known to have a positive impact.

3. A line of credit on your account

One of the most unique benefits available with some robo-advisors is the ability to borrow against your account. If you meet the minimum requirements with a platform that offers this feature, you can get a line of credit up to a certain percentage of your portfolio value. For example, if you have a $50,000 portfolio, you might be able to get a $10,000 or $15,000 line of credit.

If you need to borrow money, this can be a convenient option. There are a few advantages to borrowing from your investment account instead of getting a loan:

  • There is usually no Credit check borrow against your investments.
  • Interest rates tend to be lower than personal loan ratesince your investments serve as collateral.
  • You can borrow from a credit line several times if necessary.

4. Access to human advisors

Robo-advisors are useful for building and rebalancing an investment portfolio. They can handle many of the same things that human financial advisors do for you, and at a lower cost. But in some situations, you might need advice that a machine can’t give you.

Fortunately, it’s not always a situation or situation. There are many robo-advisors that also offer access to human financial advisors when needed. They usually charge a bit more for this, either through a premium plan or with consulting fees. If you have complex financial issues to manage, such as balancing short-term home savings goals with long-term goals retirement planningso talking to a financial adviser might be worth it.

Robo-advisors can do more than just create a portfolio with the right mix of stocks and bonds. If you don’t want to spend too much time managing your brokerage account, a robo-advisor could be a great way to achieve your investment goals.

The Best Ascent Stock Brokers for 2022

We looked at data and user reviews to find the select rare picks that landed a spot on our list of top stockbrokers. Some of these best-in-class picks offer valuable perks, including $0 stocks and ETF commissions. Start and review The Ascent’s best stockbrokers for 2022.

In a pinch? Here are the four loans you can get the fastest Sun, 23 Oct 2022 14:30:49 +0000

Image source: Getty Images

When you’re in a bind and need cash fast, it’s important to know what your options are. There are different types of loans that you can get relatively quickly, depending on your needs. Before taking out a personal loan, it’s important to understand the different types of personal loans and find the one that’s right for you. Here are four of the most common.

1. Credit cards

If you have good credit, you may be able to get a cash advance on your credit card. This is usually a quick and easy process, but it will come with high interest rates. So if you are able to repay the loan quickly, this could be a good option. Cash advances can be very useful in an emergency situation when you need money immediately.

Discover: These personal loans are the best for debt consolidation

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

Another advantage of using a credit card for a cash advance is that you may already have money available on your line of credit that you can use. This can be useful if you don’t want to take out a new loan or use other assets as collateral. However, using a credit card for a cash advance also has some drawbacks. First, as mentioned earlier, interest rates on cash advances are usually very high. This means that if you don’t repay the loan quickly, you could end up paying a lot of interest. Also, most credit cards have limits on how much you can borrow as a loan. So if you need a large sum of money, this might not be the best option.

2. Payday Loans

Payday loans are one of the fastest ways to get cash, but they come with high interest rates and fees. They’re usually only for small amounts of money, so if you need a lot of cash quickly, they’re probably not the best option. However, if you just need a little extra money to last you until your next paycheck, a payday loan might work. Payday loans are not ideal, Nevertheless. These are short-term, high-interest loans, usually due by your next payday in a single amount. Currently, 37 states regulate payday loans due to their high costs.

Payday loans are usually for $500 or less and are due on your next payday. Depending on state laws, people can get payday loans online or through a storefront lender. A typical two-week payday loan can have annual percentage rates (APR) as high as 400%. By comparison, credit card APRs can range from 12% to 30%. Payday loans should be considered an option of last resort.

3. Pawnbroker

Pawnbrokers are short-term loans secured by an object of value that people bring to a pawnbroker. As they are backed by the value of the object, they are cheaper than payday loans but are more expensive than a conventional loan. Pawnbrokers are regulated by the government. This type of loan is ideal for people who need cash quickly without a credit check.

Loan terms vary by pawnbroker. People can use valuables, such as jewelry or electronics, to get a loan based on the value of the item. No credit check is required. Those who may not qualify for a traditional loan can consider a pawnbroker. Once the loan amount is paid off, you will receive your items. If you don’t pay it back, the pawnbroker can seize the secured items.

4. Securities Lending

Title loans are another quick way to get cash. They are short lived secured personal loans supported by your car. Financial institutions put a lien on your car. If you are unable to repay the loan, they can seize your car, as it is used as collateral. Title loans generally do not consider your credit and can be approved quickly. However, a title loan is very expensive, with an APR of around 300%.

These are four of the most common types of loans that you can get relatively quickly. Consider which one best suits your needs and compare interest rates and fees before you apply. Understand how these personal loans work can help you make a smarter decision.

The Ascent’s Best Personal Loans for 2022

Our team of independent experts have pored over the fine print to find the select personal loans that offer competitive rates and low fees. Start by reviewing The Ascent’s best personal loans for 2022.

We are firm believers in the Golden Rule, which is why editorial opinions are our own and have not been previously reviewed, approved or endorsed by the advertisers included. The Ascent does not cover all offers on the market. The editorial content of The Ascent is separate from the editorial content of The Motley Fool and is created by a different team of analysts. The Motley Fool has a disclosure policy.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Snapcommerce Expands to Fintech, Launches SuperCash Leveraging $145M in Consumer Savings Tue, 18 Oct 2022 13:01:00 +0000

Company name change to Super encompasses multi-product savings ecosystem

SAN FRANCISCO, October 18, 2022 /PRNewswire/ — Super Cash, launched today, is the unique debt protection repayment card that allows users to accumulate credit without the barriers of the traditional financial sector. Low credit and credit that invisible individuals will spend $250,000 or more on interest and fees over their lifetime1. Democratizing access to savings, benefits and rewards, SuperCash cardholders earn an impressive 10% cashback at SuperTravel, 5% at SuperShop and 2% wherever Mastercard is accepted. No credit checks, minimums, fees or interest.

“The launch of SuperCash is not just creating incremental improvements, but rather incremental changes that can enable the tens of millions of underserved Americans to improve their credit scores and their lives. It’s time we leveled the rules of the game for all Americans who need access to credit just to participate in everyday life,” says Hussein Fazal, CEO, Great. “We know that 55% of people with low credit don’t have access to the goods and services they need to live the life they want. And that’s not acceptable.”

A poor credit score means more than just access to credit cards: it can mean no access to regular credit, higher interest rates, higher insurance premiums, a greater likelihood weak to be hired for certain jobs, difficulties in renting an apartment, etc. Armed with data indicating that 70% of existing Super consumers paid by debit and 54% requested access to credit, Super seized this opportunity with the launch of SuperCash.

SuperCash is launched by Great, formerly Snapcommerce, is issued by MRV Banks and powered by the Mastercard network. The rebrand, announced today, casts Super as the tech company at the intersection of fintech and commerce that empowers users to spend less, save more, and build credit so they can get the most out of life. The company’s additional offerings are rebranded into alignment under the new primary brand, living on Snaptravel becomes SuperTravel and DailySteals becomes SuperShop.

“We know that 57% of underserved Americans are ‘dreadful’ just thinking about their credit score. With the launch of SuperCash, we are building a whole new relationship with our users. We know, understand and design solutions specifically for everyday life As Super, we will continue to implement our vision of enabling everyone to enjoy more of what life has to offer, regardless of income or circumstances,” says Radhika DuggalChief Strategy Officer, Super.

“We are proud to power SuperCash, a product closely aligned with our long-standing commitment to inclusive growth,” says Sherri Haymond, Executive Vice President, Digital Partnerships at Mastercard. “SuperCash has the potential to make a difference in people’s lives with every purchase, and we look forward to working together to bring even more people into the digital economy.”

Greatformerly Snapcommerce, raised over $100 millionoutmoded $1 billion in sales, and saved consumers $145 million nowadays. For more information, visit

About Super

Super is the technology company at the intersection of fintech and commerce that empowers users to spend less, save more, and accumulate credit – so they can enjoy more of what life has to offer . Super offers the best prices on everything from everyday discounted items to great hotel deals, as well as the hub that enables rich cashback and credit on every transaction. Super’s product offerings include SuperCash (new product launch), SuperTravel (formerly SnapTravel), and SuperShop (formerly SnapShop). Super is trusted by over 5 million customers worldwide and has helped them save more than $145 million nowadays. Super is supported by Steph Curry and has raised over US$100 million and exceeded $1 billion in sales.

For more information, contact:
[email protected]



]]> Buy now, pay later Fri, 14 Oct 2022 21:03:13 +0000

If a retailer offers the option to pay using a “Buy Now, Pay Later” app, you may be able to buy more than you normally would. You will request it at the point of sale and, if approved, the purchase will be divided into equal installments. In some cases, the payments are minimal and do not include high fees or interest.

Buy Now, Pay Later apps provide an affordable and convenient way to shop. Some BNPL companies also report to credit bureaus to help you establish credit, assuming you make timely payments. Still, they might not be the best option for you, as you might be tempted to overspend and incur significant penalties if you fall behind on your payments.

Here are the best apps to buy now, pay later if you’re in dire financial straits and need to make a big purchase:

To affirm Affirm Pay in 4: No interest charges or late payment penalties

Monthly payments: APR up to 30%

4.7/5.0 4.9/5.0
After-payment Pay-in-4 orders: Late payment fee up to 25% of the purchase price 4.6/5.0 4.9/5.0
PayPal Pay in 4 No interest charges or late penalties 4.3/5.0 4.8/5.0
Perpay No interest charges or late penalties 3.4/5.0 4.7/5.0
Sezzle No interest charges

Rescheduled payment fees, failed payment fees and convenience fees may apply

$10.00 reactivation fee if your account is deactivated due to non-payment

4.7/5.0 4.9/5.0
Zip (formerly Quadpay) $4.00 payout fee per order (or $1.00 per payout)

Late penalty up to $7

4.3/5.0 4.9/5.0

To affirm

Affirm is a buy now, pay later option that avoids late penalties, making it a top choice for consumers. It’s accepted at over 29,000 retailers nationwide, and you can make purchases interest-free by selecting the four installment payment plan. But if you opt for the monthly payment option to get a longer repayment period and a credit limit of up to $17,500, your purchases could earn interest. There’s an upside, though, because Affirm charges simple interest that keeps your balance from growing over time.


  • Accessible online or via mobile app (for in-person purchases)
  • No interest charges on purchases made with Affirm Pay in 4
  • Create a credit with the monthly payment option
  • No late penalties

The inconvenients:

  • Purchases made with the monthly payment option may be subject to interest
  • Late payments could hurt chances of future approvals
  • Payments made on Affirm Pay in 4 cannot help build your credit


Afterpay is another buy now, pay later app that lets you shop now, but you’ll pay over six weeks in four interest-free installments. It can be used for online purchases or you can pay at participating outlets using the virtual card. Additionally, you can change the due date of an upcoming payment without incurring any penalties. You can get started with Afterpay without affecting your credit score, as the app only does simple credit extraction.


  • No interest on purchases
  • Soft pull when requesting an account
  • Buy online or in stores
  • Earn rewards by shopping with Afterpay and paying on time

The inconvenients:

  • Late payment penalty of up to 25% of the purchase amount
  • First payment required at point of sale
  • Does not help establish credit, as timely payments are not reported to credit bureaus

PayPal Pay in 4

You can use PayPay Pay in 4 to split purchases between $30 and $1,500 to make them more affordable. The first payment is due at the point of sale and the other three are due every two weeks. This payment option has no registration fees or interest charges, and you will not be subject to late payment penalties.


  • No interest charges or late payments on purchases
  • Accepted at millions of online retailers
  • No credit check required
  • Includes purchase protection to protect your information

The inconvenients:

  • Only available in certain states
  • Not accepted for in-store purchases
  • Purchases capped at $1,500


Perpay is a “Buy Now, Pay Later” app that gives consumers the best of both worlds: you can make daily purchases and pay over time while building your credit. You may be approved with less than perfect credit because there is no credit check. The average user sees a 39 point boost while using the app, and payments are automatically deducted from your paycheck to make managing your account easier. Payment history is reported to major credit bureaus to help improve your credit health.


  • No credit check
  • Interest-free purchases payable over time
  • Consumers with bad credit may qualify
  • Access higher spending limits and more affordable payments over time

The inconvenients:

  • Purchases must be made through Perpay’s marketplace
  • Reimbursement limited to direct deposits via payroll
  • Shipping delayed until first payment is received


Plus an interest-free buy now, pay later option, Sezzle is quite flexible as you can enjoy a generous credit limit of up to $2,500 and make four interest-free payments over six weeks. Plus, you’ll have the luxury of deferring one payment per purchase for up to two weeks without incurring additional fees. You can also defer later payments to meet your needs, but fees will apply.


  • Can be used online or in person at over 45,000 stores
  • Flexible credit check that won’t affect your credit score
  • No interest charges or late fees

The inconvenients:

  • 25% deposit requirement
  • $10 reactivation fee for deactivated accounts
  • May be subject to failed payment or convenience fees

Zip (formerly Quadpay)

Formerly known as Quadpay, Zip can be used online or in-store with a virtual card where Visa is accepted. You will repay what is due in four installments over six weeks, with the first installment due at checkout. There is no credit check when you apply, and account activity will not impact your credit score since Zip does not report to major credit bureaus.


  • Instant Approvals
  • No interest charges on purchase
  • Good credit is not necessary
  • No unfavorable credit reports for late payments

The inconvenients:

  • First payment due at checkout
  • $4 installment fee per order
  • Late fees up to $7

Be sure to weigh the pros and cons of buy now, pay later applications before applying for a loan.


Consumers often prefer this payment method over others because of its convenience. You will find that it is more readily available than a credit card or personal loan, especially if you have bad credit.

Plus, it’s relatively simple to apply, and you’ll know immediately if you’re approved, along with the terms of the payment plan. Another big plus is that many applications don’t do a thorough credit check — which could lower your credit score — when you apply.

The inconvenients

Despite their streamlined application process and simple payment plans, these apps have some downsides that are worth considering. For starters, you could easily become overburdened if you overspend and have trouble keeping up with payments, which can lead to late fees and unfavorable credit reports.

Some apps report on-time payments to credit bureaus, but others don’t. So even if you make timely payments or prepay the loan, your credit health might not reap the benefits.

When evaluating buy now, pay later apps to find the best option, consider these factors:

  • Availablity: Can the app be used online and in-store, or is it limited to one or the other?
  • APR and fees: Does the app charge interest or fees on purchases? Are there any late penalties or prepayment charges?
  • Interest rate: If so, are the interest rates comparable or lower than other paid apps?
  • Repayment Terms : How long are the repayment periods? Will you repay in equal installments, and how often?
  • Credit report: Are on-time payments reported to major credit bureaus to help you build your credit? If not, are late payments reported?

If you’d rather explore other options before deciding to buy now, pay later, here are a few worth considering:

  • Personal loan: This debt product gives you an extended repayment period and a more affordable monthly payment. However, you will probably pay a lot more interest. Also keep in mind that the longer the term of the loan, the higher the borrowing costs.
  • 0% Interest Credit Card: You can make interest-free purchases during the APR promotional period, usually between 12 and 24 months. Be sure to pay the balance in full before it expires or interest will start to accrue and be added to the outstanding balance.

At the end of the line

A buy now, pay later app can ease the financial stress if you need to make a purchase but don’t have the necessary funds. The application process is often transparent; you can start making purchases immediately if approved. Still, these apps aren’t without their downsides, so you should do your homework and compare options before deciding which app to use or whether a funding alternative, like a personal loan or a 0% interest credit card, would work. better suited.

Should you get a pet loan? – Forbes Advisor Wed, 12 Oct 2022 15:45:26 +0000 Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

Dogs, cats and other pets bring great joy to our lives, but caring for them can be expensive. Americans spent $123.6 billion on their pets in 2021, according to the American Pet Products Association.

From routine vet visits to medical treatments, the costs of caring for a pet can start to outrun your budget. If you can’t afford your pet’s expenses out of pocket, you might consider a pet loan, but watch out for interest charges and fees.

What is a pet loan?

A pet loan is a personal loan designed to cover pet-related expenses that you pay off over time with monthly payments. Banks, credit unions, and online lenders all offer personal loans, whether or not they can call them pet loans.

Personal loans are generally unsecured, which means that they do not require any collateral. Plus, they often come with a fixed interest rate that stays the same for the duration of your loan.

Let’s say you borrow a $4,000 pet loan with an annual percentage rate (APR) of 10%. If you choose a five-year term for your pet loan, you’ll make monthly payments of $84.99 and pay a total of $1,099 in interest charges.

It’s worth noting that personal loans can be used for just about any expense, so you don’t need to limit your search to pet loans. If you opt for a general personal loan, you can use it to cover your pet care costs.

How to apply for a pet loan

If you are interested in pet financing, here are the general steps you will need to follow.

  1. Check your credit. Since most pet loans are unsecured, a lender bases their approval decision on your credit and income. Before applying, check your credit score and review your credit report via so you know what you’re working with. The better your credit, the better the rate you could get on a pet loan.
  2. Compare the prices. Every lender is different, so it’s worth checking your rates with at least three to find the best deal. Some lenders allow you to prequalify online, which means you can check your rates without impacting your credit score.
  3. Compare offers. Once you’ve received loan offers, compare them to see which is the most affordable. Consider interest rates, fees, and repayment terms to see what best fits your budget. A personal loan calculator can show you monthly payments and long-term costs.
  4. Check with your budget. Before choosing a loan, make sure that you will be able to pay the monthly payments. Falling behind on a loan can have bad consequences, including damaging your credit, so check that you can afford to repay the money before borrowing.
  5. Submit your application. If you decide to go ahead, you will submit a complete application with your personal details and all required documents, such as payslips or bank account statements. At this point, the lender will conduct a rigorous credit check, which could temporarily affect your credit score.
  6. Receive your loan funds. Some personal lenders can review and approve your application in just one day, while others take a little longer. Once your application is approved, you should receive the funds directly to your bank account.
  7. Repay your loan on a monthly basis. You will likely start making payments on your loan immediately. It’s a good idea to set up automatic payment to make sure you don’t miss any payments.

Can you get a pet loan with bad credit?

Qualifying for pet financing can be difficult if you have bad credit, but it’s not impossible. Each lender sets their own credit and income requirements. Since some lenders are more flexible than others, it’s worth shopping around to see if one will work with you.

If you have bad credit, however, you may be subject to lower loan amounts and higher interest rates than someone with strong credit. Some veterinary clinics offer pet financing options, allowing you to spread out payments over time. Financing a pet through a veterinarian may not require a credit check.

If you come across other no credit check loans from online lenders, beware of borrowing one. These are probably payday loans with exorbitant interest rates and fees. Although you may have access to funds, you could be trapped in a cycle of debt that is difficult to pay off.

Average cost to care for a pet

Pet care costs vary depending on the animal and other factors. Dogs tend to be more expensive than cats, and these two popular pets cost more than birds, reptiles, and fish.


Dogs are both the most popular and expensive pets in the United States. The average cost of caring for a dog is $1,391 per year, including about $300 for food and $225 for routine medical visits.

Adopting your furry friend can cost an additional $1,030, including $300 for neutering or neutering and an additional $300 for medical checkups and vaccinations. Also expect additional costs such as toys, treats, dog beds, crates, and training materials.


Caring for a cat is generally less expensive than a dog. The American Society for the Prevention of Cruelty to Animals (ASPCA) puts a cat’s annual expenses at $1,149 per year, including $225 for food, $160 for medical care, and $140 for medication. preventive.

You could pay $455 when you first adopt a cat, including $150 for spaying or neutering, $175 for medical visits, and $40 for a carrier.


The average annual cost of care for a pet bird is $185, including $75 for food, $25 for toys and treats, and $85 for veterinary bills. A birdcage usually costs around $70, but you’ll likely pay more for bedding, perches, and toys.

The cost of adopting a bird can vary greatly. Some birds, like parakeets and finches, might cost just $10, while cockatoos and macaws might cost $5,000 or more.


Reptiles typically cost between $190 and $350 per year, with lizards on the lower end of that range and iguanas on the higher end. Pet snakes can cost up to $450 per year. These costs include veterinary care, food, cages, tanks, heat lamps and other supplies.


The cost of raising fish can vary greatly. A simple bowl setup can cost just $10 to $20 with fish ranging from $3 to $12. Aquariums, however, can cost $200 or more, with saltwater aquariums and fish much more expensive than freshwater ones. Kiplinger estimates the total lifetime cost of farming the fish to be between $270 and $410.

How to Use a Pet Loan

You can use a pet loan for all expenses associated with pet care, including veterinary treatment, surgery, and other medical expenses. Financing pet bills with a pet loan can be more affordable than charging them to a credit card.

You can also borrow a pet loan to cover the costs of a service, therapy or emotional support animal. Service dogs are highly trained and adopting one can cost between $15,000 and $30,000. If you adopt an emotional support animal, you may also need to pay a visit to a doctor or therapist who can attest to your need for a therapy pet.

Other Pet Financing Options and Considerations

Apart from pet loans, you can also explore other pet financing options. As mentioned, some vets will allow their clients to spread payments over time.

There are also a number of nonprofit organizations that offer assistance, such as the American Veterinary Medical Foundation, Bow Wow Buddies, Waggle Foundation, and Magic Bullet Fund. Research national and state organizations that could help fund pets.

You can also consider a credit card, but beware of high interest charges. The CareCredit healthcare credit card offers 0% interest if you pay off your balance within 24 months, but you’ll pay deferred interest if you still have a balance after that period.

Finally, it may be worth exploring your pet insurance options, which can help cover costs. Although pet insurance does not usually cover pre-existing conditions, it can cover a significant percentage of costs that arise in the future.

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