united states – Blog Campcee http://blogcampcee.com/ Tue, 29 Mar 2022 08:48:08 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://blogcampcee.com/wp-content/uploads/2021/05/cropped-icon-32x32.png united states – Blog Campcee http://blogcampcee.com/ 32 32 Small Business Loan Options in Wyoming https://blogcampcee.com/small-business-loan-options-in-wyoming/ Thu, 17 Mar 2022 01:14:19 +0000 https://blogcampcee.com/small-business-loan-options-in-wyoming/

Entrepreneurs in the state of Wyoming may not know that they have powerful partners and business resources in the state of Cowboy.

Whether you’re looking for working capital to help grow your business or need someone to brainstorm, there are plenty of resources to help.

How a Small Business Loan Can Help Your Wyoming Business

Let’s start by looking at small business loans, which can be used to cover any expenses you have for your business.

Want to hire staff? Invest in advertising? Buy real estate or equipment? A small business loan can provide you with the cash you need to cover these expenses.

You can also use a loan to bridge a gap if your business is seasonal. Really, there is little that a small business loan is not it blanket!

Types of small business loans to choose from

If you’re new to finding small business financing, you might be surprised at all the choices available to you. There is a loan option and a lender for every business and every type of credit profile.

Term loans

Whether you want a short, medium or long term loan, there are banks, credit unions and online lenders to help you with your Wyoming business. Loans from banks tend to have the strictest criteria to qualify, and you’ll need good to excellent credit to be approved. Online lenders may have more flexible settings.

SBA Loans

The United States Small Business Administration is a division of the federal government that supports several small business loan programs. Note that the SBA is not a lender; there are banks and online lenders that are authorized to lend through the 7(a), 504, and microloan programs offered by the SBA. To learn more, visit SBA.gov.

Equipment loans

Some loans have specific purposes, and equipment loans are one example. They are used to buy equipment like heavy machinery, company vehicles, computers, etc. The equipment you buy serves as collateral for the loan, which can help you get lower interest rates.

Commercial real estate loans

Another specific loan is that for the purchase of commercial real estate. It’s like a mortgage for your home, but it’s a business loan. The property serves as collateral, and generally these loans have a maximum term of 25 years.

Small Business Loan Options for Wyoming

Now that you know more about a few of your small business loan options, let’s take a look at the lenders that offer them in Wyoming.

Term loans

SBA Loans

Equipment loans

Commercial real estate loans

What it takes to get approved for a small business loan

So what do you need to qualify for a loan in Wyoming? Eligibility varies from lender to lender. To qualify for the lowest interest rate loans (SBA and bank loans), you will need good to excellent credit and have been in business for at least two years.

If you’re running a startup and don’t qualify for these loans, don’t worry. There are online lenders that look at other criteria like your annual or monthly sales to determine eligibility.

Banks may require you to visit a branch to apply and may ask for detailed financial statements and tax returns. Online lenders may only ask for a few details about your business before making a decision.

How to Choose the Right Loan for Your Wyoming Small Business

The right loan for some borrowers may not be the right loan for your business. Figure out how much you need to borrow and what you’re entitled to, then start shopping. Review the terms of the loan before signing anything. Often you can see what rate you qualify for before submitting a claim.

Small Business Grant Options for Wyoming

Another financial aid option in Wyoming comes from small business grants. This form of business financing does not have to be repaid like loans do. Nonprofits, local governments, and businesses all offer small business grants. Here are a few you might consider applying for:

Additional Resources for Wyoming Small Businesses

Wyoming small business owners also have a variety of small business resources that can provide mentorship, advice on obtaining government contracts, workshops, and networking:

Whether you are located in Casper, Laramie, Cheyenne, Jackson, or any other city or town in Wyoming, know that you are not alone as an entrepreneur and have many resources to support your business on its journey to growth and prosperity!

This article was originally written on March 16, 2022.

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A fragmented industry with 3,200 mostly small businesses https://blogcampcee.com/a-fragmented-industry-with-3200-mostly-small-businesses/ Wed, 16 Mar 2022 09:00:00 +0000 https://blogcampcee.com/a-fragmented-industry-with-3200-mostly-small-businesses/

DUBLIN, March 16, 2022 /PRNewswire/ — Marketdata LLC’s “US Debt Collection Agencies: An Industry Analysis” report has been added to from ResearchAndMarkets.com offer.

Research and Markets Logo

This recently updated bestseller by Marketdata examines the $15 billion activity of debt collection agencies. Consumer complaints about harassment by collectors still exist and top the list of complaints filed with the FTC. Federal and state regulations have reduced recovery rates, resulting in slow growth. However, the Covid-19 pandemic really didn’t hurt this business, as consumers used stimulus payments and enhanced unemployment benefits to pay off their debts in 2020.

Collections is a fragmented business of 3,200 mostly small companies. Industry consolidation continues and the company has become attractive to investors.

Technology such as artificial information makes businesses more efficient and skilled collectors are in high demand. Collections are moving overseas and the market for outsourced IRS debt has grown.

Main topics covered:

The study examines industry revenue/growth, consumer debt trends and industry issues, regulation, extended operating ratios, and more. industry operating ratios (national, state, city).

The study examines consumer debt trends, bankruptcy trends, debt buying market, outsourcing, major market segments and more.

Competitor profiles for: TransWorld Systems, Encore Capital, The Kaplan Group, Alorica Global Solutions and Portfolio Recovery Associates are included.

Report on the nature and state of the industry

  • Definition and characteristics of the enterprise: history and development, census NAICS codes, operation of services, no. nationwide services/recent consolidation/mergers

  • Status report: decline no. agencies in the United States, effects of the pandemic

  • Demand Factors

  • Industry Trends: Profit Margins, Offshoring, Consolidation, Adaptive Learning Systems:

  • Collection techniques: discussion of “traditional” collection techniques and how agencies operate (letters, phone calls, legal action, follow up on omissions, use of agents), which methods work best, current collection rates, contingent fees, client specializations.

Consumer Complaints, Industry Regulation

  • Discussion of major complaints regarding collection harassment and unethical/illegal practices, privacy issues.

  • Consumer Financial Protection Bureau Findings 2020: Number and Type of Complaints, Compared to 2018

  • Industry regulation, by: 1977 Fair Debt Collection Practices Act, Telephone Consumer Protection Act (1991), Fair Credit Reporting Act (1970), Health Insurance Portability and Accountability Act (1996).

  • Regulatory Agencies: FTC, FCC, CFPB

  • CFPB Annual Report 2021: Highlights of debt collection, new rules explained.

Key Industry Trends

  • Summary: Key Factors Influencing Industry Demand

  • Status of the industry in 2021: consolidation – number decreasing. of companies, declining profits, challenges for various aspects of the business (survey data from TransUnion)

  • Summary: Types of consumer debt held by type (amount in $: student loans, medical, credit cards, mortgages, car loans)

  • 2019 Major Debt Collection Trends: Compliance, Technology, Worker Skills, Company Cultures, Top 9 Collection Agency Trends for 2019

  • Discussion on: industry and customer consolidation, the emergence of artificial intelligence,

  • Impact of the Covid-19 pandemic on debt, by population segment (Millennials, Baby Boomers, Gen X, etc.)

  • Bankruptcy Trends: Personal vs. Business, Discussion of Chapter 7, 11, and 13 Types, Peak Levels and Reasons, Regional Differences

  • Growth of the debt buyback market.

  • Kaulkin Ginsberg Latest Research/Report Results

  • Emerging collection technologies – IT/Telecom systems integration, pre-authorized draft printing (large business, service operation, software vs. service desk approach), skip tracing, predictive dialing, check verification and computer databases.

Companies cited

  • Transworld Systems (including NCO Group, Altisource)

  • The Kaplan group

  • Encore Capital Group (including Midland Credit Management)

  • Portfolio Recovery Associates

  • Alorica Global Solutions (including Expert Global Solutions)

For more information about this report visit https://www.researchandmarkets.com/r/7jd70l

Source: Marketdata LLC

Media Contact:

Research and Markets
Laura Woodsenior
press@researchandmarkets.com

For EST office hours, call +1-917-300-0470
For USA/CAN call toll free +1-800-526-8630
For GMT office hours call +353-1-416-8900

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View original content: https://www.prnewswire.com/news-releases/united-states-debt-collection-agencies-market-report-2022-a-fragmented-industry-with-3200-mostly-small-firms – 301503362.html

SOURCE Research and Markets

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Cuentas donates $20,000 to Smile Train as part of social impact collaboration with Miss Universe https://blogcampcee.com/cuentas-donates-20000-to-smile-train-as-part-of-social-impact-collaboration-with-miss-universe/ Tue, 15 Mar 2022 12:04:46 +0000 https://blogcampcee.com/cuentas-donates-20000-to-smile-train-as-part-of-social-impact-collaboration-with-miss-universe/

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Miss Universe 2021, Andrea Meza and Miss Mexico 2021, Debora Hallal have teamed up with mobile banking app and debit card provider Cuentas to enable the donation

MIAMI, FL/ACCESSWIRE/March 15 2022 / Cuentas, Inc. (NASDAQ: CUEN)(NASDAQ: CUENW) (“Cuentas”), a leading financial technology provider of mobile banking and payment solutions, has donated $20,000 to Smile Train as part of of her social sponsorship with the Miss Universe Organization (MUO), Miss Universe 2021, Andrea Meza and Miss Mexico 2021, Debora Hallal.

The two titleholders and the Miss Universe organization ran a social media campaign in December around the 2021 show, to encourage subscribers to download the Cuentas mobile banking and payment app. For each download, Cuentas donated to MUO’s chosen charity. Smile Train, the non-profit and charitable organization that provides corrective surgeries for children with cleft lip and palate, is an important cause and a long-time partner of the Miss Universe Organization. The campaign resulted in a $20,000 donation from Cuentas, which will fund many cleft surgeries.

“At Smile Train, we are committed to ensuring that every child has access to safe, quality cleft care. This generous donation will change the lives of hundreds of people affected by a cleft lip and/or palate 100% free . and comprehensive fissure care,” said Troy Reinhart, Senior Vice President, Smile Train International Development. “Thank you to Cuentas and the Miss Universe Organization for partnering to not only raise funds, but to raise awareness to help advance Smile Train’s vision of supporting the global crack community.”

“The Cuentas team is especially proud to contribute to Smile Train, knowing that every surgery has such a significant and positive impact on children’s lives,” said Cuentas CEO Jeff Johnson. “We are grateful for the collaboration of the Miss Universe Organization, Ms. Andrea Meza and Ms. Debora Hallal in raising awareness to support this contribution.”

“Smile Train has been a long-time partner of the Miss Universe Organization,” said Paula M. Shugart, president of the Miss Universe Organization. “We are thrilled to partner with Cuentas, Andrea and Debora, to continue to shine a light on all the incredible work that Smile Train does, in Mexico and around the world. Promoting causes and organizations like Smile Train is a important part of the foundation of our organization and we hope to continue to work with Cluster for Change to be able to support as many good causes as possible.”

The program was facilitated by Cluster for Change, a social impact activation platform. “Working with a client like Cuentas, our partner the Miss Universe Organization, and a nonprofit like Smile Train is the perfect storm for what social impact media should be,” said Cluster for Founder/CEO. Change, CR Celona. “Brands and creators benefit from engagement; causes get the opportunity to do the work and consumers are the glue that holds it all together.”

Available on the Apple App Store and Google Play Store, the Cuentas app is the convenient mobile banking app that gives consumers access to their money, whenever they want. Cuentas Cardholders can send money to other Cuentas Cardholders at no cost, access exclusive cardholder discounts, and access their money up to two days faster when directly depositing their pay or their government benefit checks.

Anyone 18 or older can download Cuentas app and ask for a card. There is no credit check, background check, or bank account required, and cardholders can register with an Individual Tax Identification Number (ITIN) or Social Security Number (SSN) and the consular matrícula is also accepted as a form of secondary identification. It’s easy to load money to get started, learn more about https://cuentas.com.

About Cuentas

Cuentas, Inc. (NASDAQ: CUEN & CUENW) is a fintech banking and e-commerce provider with proprietary technology that provides digital financial services to underbanked and unbanked Hispanic, Latino, and immigrant populations, including mobile and online banking, prepaid debit, ACH and mobile deposits, remittance, peer-to-peer money transfer and other services. The Cuentas General Purpose Reloadable Card (GPR) includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content. For more information, visit https://cuentas.com.

About the Miss Universe Organization

The Miss Universe Organization (MUO) is a global community that empowers women to achieve their goals through experiences that build confidence and create opportunities for success. MISS UNIVERSE The programs provide the 10,000 women who participate each year with an international platform to effect positive change through influential humanitarian and professional efforts. Nominees and title holders are leaders and role models in their communities, develop personal and professional goals, and inspire others to do the same. The Miss Universe organization is an IMG company. To learn more, visit www.missuniverse.com.

About Cluster for Change

Cluster, a social impact app and impact creation agency, puts brands at the center of cause-based marketing campaigns. We turn words into action by co-hosting real events with brands that give back. This all works together to create greater brand affinity with measurable brand engagement. Cluster also has a venture capital studio that backs or builds lasting brands for a generation hungry for change. A better future starts with hello. Find Cluster online:

Website: ClusterForChange.com

LinkedIn: https://www.linkedin.com/company/wearecluster

Instagram: instagram.com/clusterforchange

Forward-looking statements

This press release contains “forward-looking statements”, as that term is defined in Section 27a of the United States Securities Act of 1933, as amended, and Section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this press release, which are not purely historical, are forward-looking statements and include all statements regarding beliefs, plans, expectations or intentions regarding the future. Except for historical information presented herein, the matters discussed in this press release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by these statements. Statements that are not historical facts, including statements that are preceded, followed or that include words such as “believe”, “plan” or “expect” or similar statements, are forward-looking statements.

Investor Relations
Cuentas, Inc.
800-611-3622
[email protected]

THE SOURCE: Cuentas, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/693076/Cuentas-Donates-20000-to-Smile-Train-as-Part-of-a-Social-Impact-Collaboration-with-Miss-Universe

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American Debt Enders Celebrates 15 Years of Helping Countless People Become Debt Free with Their Debt Management Program and Strategies https://blogcampcee.com/american-debt-enders-celebrates-15-years-of-helping-countless-people-become-debt-free-with-their-debt-management-program-and-strategies/ Sat, 12 Mar 2022 14:00:00 +0000 https://blogcampcee.com/american-debt-enders-celebrates-15-years-of-helping-countless-people-become-debt-free-with-their-debt-management-program-and-strategies/ New York, NY, March 12, 2022 –(PR.com)– American Debt Enders has been helping clients manage debt to avoid bankruptcy for over fifteen years.

The American Debt Enders team believes in earning trust by providing effective financial solutions. Their debt relief specialists analyze each client’s financial situation individually and offer tailored debt management strategies.

Eight million American citizens have been pushed below the poverty line because of the pandemic. Under these circumstances, managing finances and debts can be a huge challenge for most Americans. Many people fail to repay their debts in a timely manner because they do not have access to debt relief plans.

American Debt Enders is a US-based company that wants to help its clients effectively manage their debts. They want to ease the burden on their customers, and that’s why they offer free credit counseling. Their team of debt relief specialists has created three programs including Debt Settlement, Debt Settlement and Debt Consolidation Program to help customers deal with hard-nosed debt collectors.

Speaking about their debt management strategies, a company representative said, “Clients across the United States prefer to work with us because we strive to understand their financial issues. Our team empathizes with customers who find it difficult to make credit card payments and helps them get rid of their crippling debts. »

She further added, “Unfortunately, many customers are unaware of the FDCPA law and end up being pressured by their debt collectors. We protect our clients against aggressive debt collectors by providing extensive legal support. »

American Debt Enders team offers several debt services such as Debt Resolution, Debt Validation and Debt Settlement Services. Their team can help customers with poor credit to restore their credit by settling their debts.

More details of the debt counseling services offered by American Debt Enders can be found at the website listed below.

About the company
American Debt Enders is a company that provides debt resolution services to its clients, helping them solve their debt problems and credit repair with different options ranging from debt disputes, debt validation, etc. They have been helping customers in the United States deal with their financial problems since 2006. They have developed a dispute resolution program that helps customers deal with aggressive debt collectors.

Contact information
Website: https://americandebtenders.com/
Phone: (877) 766-2465
Email: help@americandebtenders.com

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What is an IBAN number? https://blogcampcee.com/what-is-an-iban-number/ Fri, 11 Mar 2022 19:50:23 +0000 https://blogcampcee.com/what-is-an-iban-number/
  • An International Bank Account Number (IBAN) is an identification number for sending money to international bank accounts.
  • An IBAN is used in more than 70 countries and mainly in Europe.
  • Ask the recipient for their bank details beforehand and verify them before sending money.
  • Read more stories from Personal Finance Insider.

Some countries require more detailed banking information to send money abroad. If you’re sending money to a relative in Europe, you may need their International Bank Account Number (IBAN).

What is an IBAN?

An IBAN is an identification number used in international banking to send money to certain international bank accounts. IBANs are used by more than 70 countries, including most European countries.

IBANs have a specific structure and can be between 15 and 32 characters. All IBANs must contain the following parts:

  • Postal code: This is the start of an IBAN. It will be two digits and will identify the country you plan to send money to.
  • Two-digit checker: This number helps to ensure that the transaction is completed.
  • Bank ID: This number should identify your recipient’s bank.
  • Beneficiary account number: This number is your recipient’s bank account number.

Shalin Peck, vice president of Scient Federal Credit Union, says IBANs are meant to make it easier to send funds since detailed information is provided.

How is an IBAN used?

IBANs are used to make international transfers. Most people use international wire transfers to send funds to family members overseas. However, an IBAN may also be required to carry out international business transactions.

There are several ways to send international bank transfers. The easiest way is to send money through your local bank or credit union. You can also send money internationally using online services such as Wise or Payoneer.

If you send money internationally through your bank, a banker can help you make an international bank transfer.

How to find an IBAN

The easiest way to find the correct IBAN is to ask your recipient for their bank details. They should be able to log in online or check their bank statement to tell you their IBAN.

Once you have your recipient’s bank account information, you’ll need to verify it with the institution you’re using. If you send an international bank transfer incorrectly, you may have to pay a fee.

You can also use this table to give you a general idea of ​​IBAN accuracy. The table below uses information from the IBAN registry published by SWIFT.

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T-Mobile Launches Transformative 5G Home Internet On The Metro Through T-Mobile Stores Nationwide https://blogcampcee.com/t-mobile-launches-transformative-5g-home-internet-on-the-metro-through-t-mobile-stores-nationwide/ Thu, 10 Mar 2022 14:00:00 +0000 https://blogcampcee.com/t-mobile-launches-transformative-5g-home-internet-on-the-metro-through-t-mobile-stores-nationwide/

The Un-carrier is the first to bring prepaid fixed wireless broadband to millions of customers, further expanding choice and competition in an industry that badly needs it.

BELLEVUE, Washington, March 10, 2022–(BUSINESS WIRE)–T-Mobile (NASDAQ: TMUS) is launching its groundbreaking 5G Home Internet service for Metro by T-Mobile customers in more than 7,000 Metro stores nationwide. The move makes Un-carrier the first to launch a fixed wireless home broadband service for prepaid customers, with no credit check and no annual contract. Metro by T-Mobile customers with an eligible address can now sign up for prepaid 5G home internet for just $50/month and a one-time gateway purchase, through their local Metro by T-Mobile retail store.

This press release is multimedia. See the full version here: https://www.businesswire.com/news/home/20220309006078/en/

T-Mobile launches transformative 5G home internet on the subway through T-Mobile stores nationwide. The Un-carrier is the first to bring prepaid fixed wireless broadband to millions of customers, further expanding choice and competition in an industry that badly needs it. (Graphic: Business Wire)

“We are once again bringing more choice and competition to the broadband industry, this time for our Metro by T-Mobile customers. Families across the country desperately need a new choice in home Internet,” said Jon Freier, President of T-Mobile’s Consumer Group. “In 2022, reliable broadband at home isn’t a luxury, it’s a necessity. So we’re doing our part to make broadband more accessible everywhere, with the power of our 5G network.”

About T-Mobile Home Internet for Metro by T-Mobile

T-Mobile Home Internet for Metro is no-BS home internet access for just $50/month. It’s fast, reliable, prepaid home broadband that runs on T-Mobile’s breakthrough 5G network. Metro by T-Mobile customers with an eligible address and one or more voice lines can now get:

  • Home Internet for a fixed price – it’s $50/month, with Autopay, plus a $99 one-time payment for the 5G gateway.

  • That’s it.

  • No annual contract, no data limit, no activation fee and no credit check.

  • Easy self-installation – forget about waiting for an installation. Simply plug in the gateway, download the app and you’re connected in less than 15 minutes.

  • Speeds that let you work, play, stream, chat, game and more.

  • A dedicated support team that’s just a call or a message away.

T-Mobile Home Internet Access

In most homes today, the internet is an absolute necessity. We rely on the Internet at home for work, school, entertainment, and to stay in touch with our loved ones. And yet, today, more than 40 million people in the United States do not have access to broadband at home at all. And almost 15% of American households have only one choice. This climbs to almost 35% in rural areas. This lack of competition means that millions of people are forced to do business with traditional BS ISPs. Yearly contracts, price hikes, data caps, complicated setup, extra monthly charges – you never know what old-fashioned tactic you’ll get from landline ISPs. It’s no wonder ISPs rank last in customer satisfaction according to ACSI.

But T-Mobile Home Internet is different. Fueled by the same customer-centric Un-carrier spirit that changed the wireless industry for the better, T-Mobile launched its nationwide 5G home internet service in 2021. And now, Un-carrier is launching fixed wireless for Metro by T-Mobile, too. 5G Home Internet for Metro has no hidden fees, no explosive promotions, and no annual contracts like many traditional ISPs. And because T-Mobile’s 5G network can deliver capacity and speeds fast enough to replace home broadband directly in millions of homes, you can get connected without complicated setup.

T-Mobile 5G Home Internet is currently available in more than 30 million homes nationwide, for prepaid and postpaid customers. And access has recently expanded across the South-East, Texas, Indiana, Kentucky and Ohio. Availability is based on network capacity, which is constantly increasing. To see if Home Internet is available for your home, visit your local Metro by T-Mobile store.

During congestion, Home Internet and Home Internet for Metro customers may experience slower speeds than other customers due to data prioritization. Available to many homes in most US cities. For use only with T-Mobile Gateway for home use at the location provided during activation. Gateway sold separately with Home Internet for Metro; cannot be unlocked for use on other networks. Credit approval required for Postpaid Home Internet. Automatic payment: $5/month. the discount may not be reflected on the 1st invoice. Regulatory fees included in the monthly service price for eligible accounts. If you are canceling postpaid Home Internet service (gateway included), return the gateway or pay up to $370.

About T-Mobile

T-Mobile US Inc. (NASDAQ: TMUS) is America’s supercharged carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will deliver reliable connectivity for everyone. T-Mobile customers benefit from its unmatched combination of value and quality, its unwavering obsession with providing them with the best possible service experience, and its unquestionable drive for disruption that creates competition and innovation in the wireless. thread and beyond. Headquartered in Bellevue, Washington, T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information, please visit: https://www.t-mobile.com.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220309006078/en/

contacts

T-Mobile US Media Relations
MediaRelations@T-Mobile.com
Where
Investor Relations
Investor.relations@t-mobile.com

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How to Get a Perkins Loan Forgiveness https://blogcampcee.com/how-to-get-a-perkins-loan-forgiveness/ Mon, 07 Mar 2022 23:58:53 +0000 https://blogcampcee.com/how-to-get-a-perkins-loan-forgiveness/

The Federal Perkins Student Loan Program is no longer active for new applicants, but if you have had old Perkins loans since your college days, you may be eligible for Perkins loan forgiveness. The option is available for borrowers who work in the civil service.

If you have Perkins student loans and think you might qualify for a rebate, here’s what you need to know.

What is a Federal Perkins Loan and how does Perkins Loan Forgiveness work?

Perkins Student Loans were low-interest student loans that schools could distribute to undergraduate and graduate students who were in financial need. Undergraduate students could borrow up to $27,500 and graduate students could borrow up to $32,500. The Perkins loan program ended on September 30, 2017, with final disbursements continuing through June 30, 2018.

Although no new Perkins loans are issued, student borrowers who still have Perkins student loans may be eligible to have up to 100% of their debt forgiven if they meet certain criteria. The amount of discount you are entitled to and the cancellation rate depend on your career choice and length of employment, but all eligible occupations fall within the civil service sector.

With few exceptions, forgiveness generally occurs over a five-year period in increments, rather than all at once. Here is the calendar of the most eligible jobs:

  • 15% of the original loan amount for each of the first and second years.
  • 20% of the original loan amount for each of the third and fourth years.
  • 30% of the original loan amount for the fifth year.

Note that Perkins loan forgiveness is not taxable, so you don’t have to worry about a large tax bill for the year in which you receive forgiveness.

Who is eligible for Perkins loan forgiveness?

Perkins Loan Forgiveness is available to borrowers who have taken out loans under the program and who work in one of the following areas of public service:

  • Teacher.
  • Nurse or medical technician.
  • Firefighter.
  • Qualified professional provider of early intervention services.
  • A member of the faculty of a tribal college or university.
  • Speech-language pathologist with a master’s degree working in a Title I eligible elementary or secondary school.
  • Librarian with a master’s degree working in a Title I eligible elementary or secondary school or in a public library.
  • Law enforcement officer or prison officer.
  • Lawyer employed in a federal public defense or community organization.
  • Employee of a public or private not-for-profit child or family services agency providing services to high-risk children and their families from low-income communities.
  • Staff member of the education component of a Head Start program.
  • A staff member of the education component of a state-licensed or regulated pre-kindergarten or child care program.
  • A member of the military service in the United States Armed Forces in an area of ​​hostile fire or imminent danger.
  • AmeriCorps VISTA or Peace Corps volunteer.

How to Apply for Perkins Loan Forgiveness

Because the Perkins student loan program is school-based, if you believe you may be eligible for Perkins loan forgiveness, you will need to contact the school that originally issued the loan or the student loan service that administers your college loan account.

Your school or student loan officer will have the forms required for your particular type of cancellation and can answer any questions you have about the process. You will need to provide proof that you have held qualifying employment during the period for which you are applying. Also keep in mind that most forms of Perkins loan forgiveness require full-time work, so you may not be eligible if you work part-time.

What to do if you don’t qualify for Perkins loan forgiveness

If you are not eligible for Perkins loan forgiveness because you do not meet the employment requirements, there are alternatives you can pursue.

To start, ask yourself if you might possibly qualify for a pardon based on your career path. For example, if you worked part-time at a qualifying job and are planning to switch to full-time, you might be able to start the clock on forgiving the Perkins loan, and it will make sense to keep your debt there. where is she.

If releasing the Perkins loan is out of the question, here are some potential options to consider:

  • Consolidate your credits: Perkins loans are not eligible for Public Service Loan Forgiveness (PSLF) or income-based repayment plans. But if you consolidate your loans through the direct consolidation loan program, you will be eligible for both. If you think you might qualify for PSLF or need a more affordable monthly payment, consolidation may do the trick.
  • Refinance your student loans: If you’re looking for ways to make your loan more affordable, it might be worth refinancing your student loans. Some private lenders may be able to offer you an interest rate below the standard rate of 5% on Perkins loans. Additionally, private refinance lenders may offer more flexible repayment options, giving you between five and 25 years to repay in some cases, which can give you more control over your repayment plan.

As you consider each of these options, think about your current financial situation and your goals with your Perkins loan debt. Keep in mind that to refinance your loans, you will generally need a high credit score and annual income, or at least have a co-signer who has these attributes.

But before you think about consolidating or refinancing your Perkins loans, both of which will exclude future Perkins loan forgiveness, do your due diligence with the federal programs available to you. Refinancing will cut you off from forgiving the Perkins loan entirely, even if you eventually meet the terms of employment.

Learn more:

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How Crypto Can Help Pay Off Credit Card Debt – Hometown Station | KHTS FM 98.1 & AM 1220 — Santa Clarita Radio https://blogcampcee.com/how-crypto-can-help-pay-off-credit-card-debt-hometown-station-khts-fm-98-1-am-1220-santa-clarita-radio/ Fri, 04 Mar 2022 21:24:39 +0000 https://blogcampcee.com/how-crypto-can-help-pay-off-credit-card-debt-hometown-station-khts-fm-98-1-am-1220-santa-clarita-radio/

Just a few years ago, cryptocurrency mining was considered just a hobby for computer geeks. But today, the crypto phenomenon has exploded into a modern gold rush attracting the interest of millions.

And, although digital currencies are still in their infancy, they are finding their way into many aspects of everyone’s life and finances. But is the potential of crypto big enough to solve one of America’s biggest financial problems? It certainly seems so – find out how crypto can help you pay off your credit card debt below.

Crypto and Your Credit Card Debt: An Overview

With an average outstanding balance of $5,525, credit card holders in the United States often see their household finances rocked by their credit card debt. At the same time, your credit card balance shouldn’t define your financial stability.

From debt consolidation to healthier spending habits, there are plenty of options for paying off credit card debt or reducing the financial burden that comes with it.

And, today, thanks to emerging technologies such as DeFi and digital currencies, there are new alternatives to consider.

Decentralized and based on blockchain technologies, cryptocurrencies allow fast and secure financial transactions. While initially the crypto world only seemed accessible to a few experts, today’s trading platforms are bringing the benefits of digital currencies within everyone’s reach.

In the case of Santa Clarita, the proof of the potential of cryptos is just around the corner. What in 2019 was the US city with the second highest debt ratio in the country, in 2021 is the one with the highest debt repayment. And it’s thanks to crypto!

Crypto-backed loans for debt consolidation

As more traditional investors take an interest in crypto, digital currencies are becoming easier to trade, buy, and use — and they’re transforming the entire financial industry. In turn, more and more institutions and retailers have started accepting this digital asset as a form of payment or collateral, in a way not unlike using cash.

In the case of credit card debt, owning cryptocurrencies such as Bitcoin or Ether can help you secure a loan, which you can use to consolidate your debt or pay off your outstanding balance.

In crypto loans, your assets are treated as collateral for the borrowed money, which means you could end up losing your principal if you are unable to keep up with repayments.

However, crypto loans have significant advantages, including:

  • High borrowing limits, up to 50%-90% of the value of your digital asset
  • Availability of funds within hours
  • Low interest rates
  • No or few credit checks
  • Wide range of repayment terms

Credit cards with cryptocurrency cashback features

Choosing your credit card wisely is always important in managing the financial burden of credit card debt. But this is especially the case if you plan to take advantage of the debt repayment options offered by crypto – now or in the future.

In this case, choosing a credit card with crypto rewards features is a suitable option for earning while spending. If you choose cards that offer crypto cashback features, such as the SoFi credit card, you will also be able to accumulate points that can be redeemed for fractions of Bitcoin or Ether.

In turn, with the right investment strategy, these can help you grow your portfolio, create additional revenue streams, and start paying off your credit card debt.

Using Your Crypto Wallet to Pay Off Credit Card Debt

In 2018, almost 20% of bitcoin investors surveyed purchased their digital assets through their credit cards, thus increasing their debt. At the same time, the majority of them planned to pay off their balances in the future – thanks to the capital gains realized on the sale of their assets.

And, if you had invested back then, you might have found that the value of your assets had increased more than sevenfold. In this case, you might consider using a portion of your capital gains to pay off your credit card debt.

Conclusion

Due to the high level of risk and volatility of digital assets, investing in cryptos is not for everyone.

However, if you have been interested in the unexplored potential of digital currencies for some time and have taken all the necessary considerations, using crypto to pay off your credit card debt may be a valid alternative. But make sure you always partner with an expert financial advisor and find a reputable credit card provider.

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Today’s Mortgage Rates Are Climbing | March 4, 2022 https://blogcampcee.com/todays-mortgage-rates-are-climbing-march-4-2022/ Fri, 04 Mar 2022 13:30:12 +0000 https://blogcampcee.com/todays-mortgage-rates-are-climbing-march-4-2022/

Interest rates for purchase and refinance loans are higher today, with some categories of loans seeing significant increases.

For buyers, the average rate for a 30-year fixed rate mortgage is 4.531%. That’s an increase of 0.149 percentage points from a day ago. Meanwhile, the rate for a 30-year refi is averaging 4.618%, up 0.155 percentage points.

The biggest change is in the average 30-year jumbo purchase loan rate, which jumped 0.446 percentage points to 4.299%.

  • The last rate on a 30-year fixed rate mortgage is 4.531%. ⇑
  • The final rate on a 15-year fixed rate mortgage is 3.494%. ⇑
  • The latest rate on a 5/1 ARM is 3.171%. ⇑
  • The latest rate on a 7/1 ARM is 3.445%. ⇑
  • The latest rate on a 10/1 ARM is 3.538%. ⇑

Money‘s daily mortgage rates reflect what a borrower with a 20% down payment and a credit score of 700 — roughly the national average score — could pay if he or she applied for a home loan right now. Each day’s rates are based on the average rate that 8,000 lenders offered applicants the previous business day. Freddie Mac’s weekly rates will generally be lower, as they measure the rates offered to borrowers with higher credit scores.

Are you looking for a loan? Check out Money’s lists of top mortgage lenders and top refinance lenders.

Today’s 30-Year Fixed Rate Mortgage Rates

  • The 30-year rate is 4.531%.
  • It’s a day infold by 0.149 percentage points.
  • It’s a month to augment by 0.395 percentage points.

The main advantage of a 30-year fixed rate mortgage is its long repayment term. By dividing the loan balance over several months, you pay less each time. The fixed rate also means that these payments will never change. The downside is that the interest rate is higher than on a short-term loan, so you’ll end up paying more over time.

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Average mortgage rates

Data based on US mortgages closed March 3, 2022

Type of loan 3rd of March Last week Change
15-year fixed conventional 3.49% 3.53% 0.04%
30-year fixed conventional 4.53% 4.49% 0.04%
ARM rate 7/1 3.45% 3.52% 0.07%
ARM rate 10/1 3.54% 3.64% 0.1%

Your actual rate may vary

15 years today fixed rate mortgage rates

  • The 15-year rate is 3.494%.
  • It’s a day infold by 0.132 percentage points.
  • It’s a month infold by 0.369 percentage points.

Some borrowers prefer 15-year fixed rate loans because interest rates tend to be low and the short payback period means you’ll pay less interest overall. However, the short term also means the monthly payments will be higher and may not be as manageable as a 30 year loan.

The latest rates of adjustable rate mortgages

  • The latest rate on a 5/1 ARM is 3.171%. ⇑
  • The latest rate on a 7/1 ARM is 3.445%. ⇑
  • The latest rate on a 10/1 ARM is 3.538%. ⇑

An adjustable rate mortgage can be an attractive option for borrowers who don’t plan to stay in a home for the long term. The interest rate will first be fixed and then begin to adjust periodically. For example, a 5/1 ARM will have a stable rate for five years before starting to adjust each year. Keep in mind, however, that once the rate begins to adjust, it could rise significantly.

The Latest VA, FHA, and Jumbo Loan Rates

The average rates for FHA, VA, and jumbo loans are:

  • The rate on a 30-year FHA mortgage is 4.282%. ⇑
  • The rate for a 30-year VA mortgage is 4.734%. ⇑
  • The rate for a 30-year jumbo mortgage is 4.299%. ⇑

The latest mortgage refinance rates

The average refinance rates for 30-year loans, 15-year loans and ARMs are:

  • The refinance rate on a 30-year fixed rate refinance is 4.618%. ⇑
  • The refinance rate on a 15-year fixed rate refinance is 3.599%. ⇑
  • The rollover rate on a 5/1 ARM is 3.22%. ⇑
  • The refinance rate on a 7/1 ARM is 3.495%. ⇑
  • The refinance rate on a 10/1 ARM is 3.602%. ⇑
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Average Mortgage Refinance Rates

Data based on US mortgages closed March 3, 2022

Type of loan 3rd of March Last week Change
15-year fixed conventional 3.6% 3.62% 0.02%
30-year fixed conventional 4.62% 4.57% 0.05%
ARM rate 7/1 3.5% 3.59% 0.09%
ARM rate 10/1 3.6% 3.72% 0.12%

Your actual rate may vary

Where are mortgage rates going this year?

Mortgage rates have fallen through 2020. Millions of homeowners have responded to low mortgage rates by refinancing existing loans and taking out new ones. Many people bought homes they might not have been able to afford if rates were higher. In January 2021, rates briefly dipped to the lowest levels on record, but rose slightly for the rest of the year.

Looking ahead, experts believe that interest rates will rise further in 2022, but also modestly. Factors that could affect rates include continued economic improvement and further labor market gains. The Federal Reserve has also started to scale back its purchases of mortgage-backed securities and said it plans to raise the federal funds rate three times in 2022 to combat rising inflation from March.

While mortgage rates are likely to rise, experts say the increase won’t happen overnight and it won’t be a dramatic jump. Rates are expected to remain near historic lows throughout the first half of the year, rising slightly later in the year. Even with rising rates, it will still be a good time to finance a new home or refinance a mortgage.

Factors that influence mortgage rates include:

  • The Federal Reserve. The Fed acted quickly when the pandemic hit the United States in March 2020. The Fed announced its intention to keep money flowing in the economy by lowering the Federal Fund short-term interest rate between 0% and 0.25%, which is also low as you go. The central bank also pledged to buy mortgage-backed securities and treasury bills, supporting the housing finance market, but began to scale back those purchases in November.
  • The 10-year Treasury bond. Mortgage rates keep pace with government 10-year Treasury bond yields. Yields first fell below 1% in March 2020 and have since risen. On average, there is typically a 1.8 point “spread” between Treasury yields and benchmark mortgage rates.
  • The wider economy. Unemployment rates and changes in gross domestic product are important indicators of the overall health of the economy. When employment and GDP growth are weak, it means the economy is weak, which can lower interest rates. Thanks to the pandemic, unemployment levels reached historic highs early last year and have yet to recover. GDP has also taken a hit, and although it has rebounded somewhat, there is still plenty of room for improvement.

Tips for getting the lowest possible mortgage rate

There is no universal mortgage rate that all borrowers receive. Qualifying for the lowest mortgage rates takes some work and will depend on both personal financial factors and market conditions.

Check your credit score and your credit report. Mistakes or other red flags can lower your credit score. Borrowers with the highest credit scores are the ones who will get the best rates, so it’s essential to check your credit report before you begin the home hunting process. Taking steps to correct mistakes will help increase your score. If you have high credit card balances, paying them off can also give you a quick boost.

Save money for a large down payment. This will lower your loan-to-value ratio, which is the share of the house price that the lender has to finance. A lower LTV usually translates to a lower mortgage rate. Lenders also like to see money that has been saved in an account for at least 60 days. It tells the lender that you have the money to finance the home purchase.

Shop around for the best rate. Don’t settle for the first interest rate a lender offers you. Check with at least three different lenders to see who offers the lowest interest rate. Also consider different types of lenders, such as credit unions and online lenders in addition to traditional banks.

Also, take the time to learn about the different types of loans. Although the 30-year fixed rate mortgage is the most common type of mortgage, consider a shorter-term loan such as a 15-year mortgage or an adjustable rate mortgage. These types of loans often come with a lower rate than a conventional 30-year mortgage. Compare the costs of all to see which best suits your needs and financial situation. Government loans — such as those backed by the Federal Housing Authority, Department of Veterans Affairs, and Department of Agriculture — may be more affordable options for those who qualify.

Finally, lock in your rate. Locking in your rate once you’ve found the right rate, the right loan product, and the right lender will help ensure that your mortgage rate doesn’t increase until the loan is closed.

Our mortgage rate methodology

Money’s Daily Mortgage Rates show the average rate offered by more than 8,000 lenders across the United States for which the most recent rates are available. Today we are posting rates for Thursday, March 3, 2022. Our rates reflect what a typical borrower with a credit score of 700 might expect to pay for a home loan right now. These rates were offered to people depositing 20% ​​deposit and include discount points.

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Home Refinance Options for 2022 https://blogcampcee.com/home-refinance-options-for-2022/ Wed, 02 Mar 2022 12:45:29 +0000 https://blogcampcee.com/home-refinance-options-for-2022/

Learn about your home refinancing options

Refinancing a home loan involves taking out a new mortgage to replace yours. Reasons for refinancing include getting a lower rate and payment, switching to a different loan program, dropping a name from a mortgage, or cashing in on home equity.

Your financial goals will help you determine which type of refinance is best for you. Refi options vary by loan program, purpose, and type of refinance. Here’s what you need to know before choosing.


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What are the two types of refinancing?

You have two main options when refinancing. You can opt for a cash-out refinance, which means you take some of the equity out of your home, or a no-cash refinance, which usually involves a new loan with a lower rate and a monthly payment.

In addition, there are various refinancing programs offered by government and private organizations. The type of refinance loan you choose will depend on your current loan type and your personal finances.

You and your loan officer will work together to decide on the best refinancing option for your situation. But if you want to do your research before you start the process, here’s a little more information on the top home mortgage refinance options for 2022.

Conventional Loan Refinance Options

A conventional mortgage is a loan that is not guaranteed by the government. These are issued by private banks and mortgage companies, and they generally comply with the lending rules set by Fannie Mae and Freddie Mac.

A conventional loan refinance typically requires a 620 credit score and some home equity.

Term rate refinancing

A rate and term refinance or a cashless refinance changes either the mortgage rate or the term of the loan, or both. This often results in a lower interest rate and monthly mortgage payment.

This is a simple refinance, so it does not include a cash-out option. You will need at least 3% equity for conventional rate and term refinancing.

Refinancing by collection

The main purpose of a cash refinance is to borrow money against the equity in your home. A conventional refinance can also lower your mortgage rate, although that is not the primary goal.

Cash refinancing involves borrowing more than your current mortgage balance and taking the difference in cash. You can use the money for any purpose; the most common reasons for a loan buy-out include home renovations, debt consolidation and the purchase of another property.

This type of refinance requires more than 20% equity to qualify, and you can usually borrow up to 80% of the value of your home. This number, minus the amount you currently owe on your home loan, determines the amount of cash back you can get.

High LTV refinance

In the past, Fannie Mae and Freddie Mac offered mortgage refinance options for underwater homeowners.

Thanks to rising property values, only 3% of homeowners are currently underwater. And these special programs have been suspended because so few people need them.

Fortunately, you can still refinance even if you have a high loan-to-value (LTV) ratio. Many lenders only require a 3% equity interest in the home to refinance, which most homeowners will have even if they have only put down a small down payment.

FHA Loan Refinance Options

An FHA loan is a mortgage backed by the Federal Housing Administration. The FHA does not create loans; rather, it insures loans originated by banks, credit unions, and mortgage companies.

Qualifying for an FHA refinance requires a minimum credit score between 500 and 580. In addition, borrowers who refinance an FHA loan will be required to pay mortgage insurance premiums (MIPs).

If you have at least 20% equity in your home when you refinance, you can avoid private mortgage insurance by refinancing a conventional loan instead of an FHA loan.

FHA streamline refinancing

If you’re looking to change your rate and/or term without cash back, an FHA Streamline refi lets you refinance with less time and paperwork. These refis do not require another assessment, and lenders sometimes waive a credit check.

You must have made at least six payments on your current FHA mortgage to qualify. And your existing mortgage must be an FHA loan.

FHA cash-out refinancing

An FHA refinance involves refinancing your FHA mortgage loan and borrowing money against your principal. To qualify, you will need at least 20% equity and you can borrow up to 80% of the value of your home. This number, minus the amount you currently owe on your home loan, determines the amount of cash back you can get.

Unlike a Streamline refinance, this refi requires a credit score and check, and you’ll pay mortgage insurance regardless of your equity level.

Refinance the FHA into a conventional loan

You can also refinance from an FHA loan to a conventional loan. This is an option if you have a higher credit score (at least 620) and at least 20% equity. Switching to a conventional loan can eliminate FHA mortgage insurance, which is usually on the loan for life.

VA Loan Refinance Options

VA loans are backed by the US Department of Veterans Affairs. Banks, credit unions, and private lenders provide these loans to military personnel, veterans, and their surviving spouses.

VA Streamline Refinance (IRRRL)

A VA Interest Rate Reduction Refinance Loan (IRRRL) is another option for simple rate and term refinance. You can switch from a variable rate mortgage to a fixed rate mortgage, lower your interest rate and lower your payments. However, you cannot cash out your principal with a VA Streamline refinance.

There is no minimum credit score for this type of refinance, nor a maximum loan-to-value ratio. However, some lenders will require a credit check despite the VA’s guideline that they don’t have to.

The VA financing fee for an IRRRL loan is equal to 0.5% of the loan amount.

VA Cash Refinance

With the VA cash-out refinance option, you can change the rate and term of your VA loan while cashing in your principal. There is no minimum credit score for a VA cash-out refinance, but you may need a minimum of 10% equity.

VA cash-out refinances do not require mortgage insurance. However, there is a one-time finance charge which typically amounts to 3.6% of the loan amount.

Jumbo Loan Refinance Options

A jumbo loan is a mortgage that exceeds the conforming loan limit set by Fannie Mae and Freddie Mac. Borrowers use these loans to finance high-end properties, and jumbo loans typically have higher credit scores and down payment requirements.

Refinancing of a jumbo rate and term loan

A rate and term jumbo refinance can lower your rate or change the terms of your mortgage. But since a jumbo loan is larger than an average mortgage, it’s a bit more difficult to refinance.

You will need a higher credit score (minimum of 680-700), a low debt-to-equity ratio, cash reserves, and often 10% or more equity.

Cash–out jumbo refinancing

A cash jumbo refinance also allows you to leverage the equity in your home. This type of refinancing also requires a higher credit rating and cash reserves. Lenders generally require more than 20% equity to qualify.

Refinance into conforming loan

There is also the option of refinancing a jumbo loan into a conventional (conforming) loan once you have paid off the loan balance.

The national conforming loan limit for 2022 is $ – from $548,250 in 2021. This change could put your jumbo mortgage within the conforming loan limit. And if so, refinancing a conventional loan could lower your interest rate and your monthly payments.

USDA Loan Refinance Options

A USDA loan is a mortgage guaranteed by the United States Department of Agriculture. To be eligible you will need a minimum credit score of 640 and you must own property in an eligible rural area.

USDA loans do not require a down payment, which means you can refinance through the USDA program if you have little or no equity in your home.

Streamlined USDA Refinance

USDA loans do not offer a withdrawal option. You can, however, get a Streamline refinance to change the rate and terms of your loan. You can refinance up to the full value of the property, sometimes without a new appraisal.

Your current USDA home loan must be at least one year old to qualify, and you must have made on-time payments within the past six months. You must also meet income and debt-to-income ratio requirements.

Refinance in conventional loan

One of the main advantages of a USDA loan is that this program does not require a down payment. The downside is that these loans charge an annual fee that works like mortgage insurance.

USDA Mortgage Insurance lasts for the life of the loan, regardless of your equity level. To remove the fee, you will need to refinance a USDA loan to a conventional loan once you have 20% or more equity.

How to Choose the Right Refinance Option for You

Refinancing is a great way to lower your interest rate and monthly payments, switch loan plans, or even switch from an adjustable rate mortgage to a fixed rate mortgage.

However, refinancing is not unique. It is therefore important to choose the right program.

The right refinance option will depend on your refinance goal, the amount of equity you have, and your current loan program. A simplified or rate and term refinance is ideal for a simple process, while a cash refinance allows you to leverage your capital.

Talk to a mortgage advisor. These experts can help you choose the best approach for your situation.

The information contained on The Mortgage Reports website is provided for informational purposes only and does not constitute advertising for products offered by Full Beaker. The views and opinions expressed herein are those of the author and do not reflect the policy or position of Full Beaker, its officers, parent company or affiliates.

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