Basketball market – Official Miami Heat http://www.officialmiamiheat.com/ Mon, 20 Jun 2022 22:56:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.officialmiamiheat.com/wp-content/uploads/2021/06/icon-2021-06-29T132712.248.png Basketball market – Official Miami Heat http://www.officialmiamiheat.com/ 32 32 🌱 Community College repays $1.4 million in outstanding loans + teen curfew https://www.officialmiamiheat.com/%f0%9f%8c%b1-community-college-repays-1-4-million-in-outstanding-loans-teen-curfew/ Mon, 20 Jun 2022 22:56:55 +0000 https://www.officialmiamiheat.com/%f0%9f%8c%b1-community-college-repays-1-4-million-in-outstanding-loans-teen-curfew/ Hello everyone! Dan Casarella here with your Tuesday edition of the Philadelphia Daily, filled with all the things you need to know about what’s happening locally. Keep reading for the latest news. First, today’s weather forecast: A few showers. High: 80 Low: 67. 🏡 Looking for more real estate leads in Philadelphia? Let us help […]]]>

Hello everyone! Dan Casarella here with your Tuesday edition of the Philadelphia Daily, filled with all the things you need to know about what’s happening locally. Keep reading for the latest news.


First, today’s weather forecast:

A few showers. High: 80 Low: 67.


🏡 Looking for more real estate leads in Philadelphia? Let us help you reach potential buyers and set you apart from the competition. Click here to find out more.


Here are the top three stories from today in Philadelphia:

  1. Community College of Philadelphia announced that it will repay more than $1.4 million in outstanding balances. The payment will help around 1,900 students who have struggled to repay their loans. The money comes from HEERF funds included in the US bailout. Last July, the College made a similar payment of $2.75 million in outstanding balances for nearly 3,500 students. (AL DIA News)
  2. City authorities are considering a 10 p.m. curfew for children aged 14 to 17. The bill was presented to city council on June 16 and would go into effect this summer until September 29. The measure was introduced in an effort to reduce gun violence in Philadelphia. As of June 19, about 230 people have died from gun violence in Philadelphia. (AL DIA News)
  3. A Philippine government lawyer was shot and killed on Sunday on his way to Philadelphia airport. Police say the victim was 36-year-old John Albert Laylo. Apparently, someone in a black vehicle fired multiple bullets into Laylo’s uber at a red light near the University of Pennsylvania. Laylo had previously worked as a legislative staffer for an opposition senator in the Philippines before undertaking graduate studies. (CBS News)

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Today in Philadelphia:

  • Chicken Alfredo Pizza with Cauliflower Crust Online (9:00 a.m.)
  • Little Yogis: Family Yoga Series at the Lovett Memorial Library (10:00 a.m.)
  • Exhibition “Gone and Forever” at the William Way LGBT Community Center (11:00 a.m.)
  • Amber Peirce presented by Make Music Philly at Portal Gardens Trolley (6:00 p.m.)
  • Tuesday evening meditation at the Kadampa Meditation Center (7:00 p.m.)

From my notebook:

  • The Philadelphia City Government wants you to know that garbage collection will be one day late this week. This is partly due to the closure of city offices for the June 19 holiday. (Philadelphia City Government via Facebook)
  • US National Weather Service Philadelphia/Mount Holly recorded a new low temperature record for Reading. The city’s record low on June 20 was previously 48 degrees and hit 47 degrees yesterday. Several other cities in the northeast were also at or near record highs. (US National Weather Service Philadelphia/Mount Holly via Facebook)
  • The Philadelphia Police Department is looking for a suspect involved in a shooting in the 24th Precinct. To view footage of the suspect and see if you can identify him, click on the link. (Philadelphia Police Department via Facebook)

More from our sponsors – please support the local news!

Events:

  • Come visit our annual Panama Jack warehouse sale from Wednesday June 22 to Saturday June 25 😎 (June 23)
  • Book signing with NYT bestselling author CJ Redwine (June 27)
  • Add your event

Concerts and services:


You’re all caught up for today. I will see you soon!

Dan Casarella

About me: Dan Casarella is a writer, podcast producer and small business development specialist who previously worked in late night television. He has produced numerous chat segments, including with President Joe Biden, Kobe Bryant and Chadwick Boseman. Dan studied Media Studies and Production at Temple University. He also enjoys running, painting, and learning about the ups and downs of Philadelphia sports teams.

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Fast Cash – $255 Payday Loans Online Same Day https://www.officialmiamiheat.com/fast-cash-255-payday-loans-online-same-day/ Sat, 18 Jun 2022 17:41:49 +0000 https://www.officialmiamiheat.com/fast-cash-255-payday-loans-online-same-day/ $255 payday loans online same day Get 100% cash advance online even with bad credit. The best service for fast loans! Payday loans Cash advances are easy to use and can be used for monthly rent, food, transportation costs, and other regular expenses. The cost of these cash advances can vary widely and is usually […]]]>

$255 payday loans online same day

Get 100% cash advance online even with bad credit. The best service for fast loans!

Payday loans

Cash advances are easy to use and can be used for monthly rent, food, transportation costs, and other regular expenses. The cost of these cash advances can vary widely and is usually between $300 and $1,000 up front, depending on how much and how much borrowed. Cash advances can also be used for short periods to cover some of your expenses to make ends meet. And you can get $255 payday loans online same day for example and get more benefits. It’s always beneficial for you anyway.

Cash advances are convenient, simple and are usually secured by a cash loan. Quick cash loans are another type of cash advance you can use. They’re not the most popular type of payday loan, but you can take advantage of them to cover urgent, daily, or urgent needs at rates ranging from 1.5% to 21% for 1 month. This type of debt is ideal for quick payday or to cover regular expenses. Fast cash loans online. Instant cash lenders, fast payments, credit and cash advance repayments. Some people will turn to cash loans in an emergency and they are relatively easy to use and quick to use. They are easy to process and payment is guaranteed on time.

While some cash advances are secured by a cash loan, others are not. These cash advances come from various methods including cash advances.

Benefits of Payday Loans

This is the best way to get quick cash even if you are only in your area. quick cash loans. Also you can get $255 payday loans online same day fast and easy, which means cash loans can be a quick and easy way to get cash to keep on hand. If you’re going on a trip for three weeks, quickcash loans are the best way to earn some quick cash. These loans give you access to any type of cash advance, short-term bank accounts or credit unions. These types of loans are usually used by people in need of large purchases and they are usually offered in the form of credit cards, debit cards or installment agreements. If you go on vacation, you might find yourself going over the limit. Quickcash fast loans.

With easy payments, you can also get instant financing if you need to make a big purchase, even if you don’t have the cash in the bank. Easy payments. Instant payments on easy loans are an easy way to get cash as quickly as you need without a long repayment period. You can get cash advances, mobile check cashing, money orders, money orders, and any kind of easy loan. If you are short on cash, you can get instant cash for some of these easy loans.

How to pay

Payday loans help keep your finances together while you pay off the balance of principal and interest on a small payday loan or credit card loan and $255 payday loans online same day , these are the main advantages. And how the bank knows to whom and how much to lend. Most lenders use a variable APR which is a percentage of the amount borrowed. In most cases, your monthly payment will be calculated based on the number of weeks you have to pay. Many companies offer instant payday loans online with guaranteed approval at a low interest rate and with a minimum amount. You can also research traditional loans and take advantage of cash advance financing. The best way to pay off your debt is to pay off existing debt.

Quick Cash Loans

Quick cash loans are convenient loans that come in a wide variety of forms on credit cards, debit cards or checks to individuals and businesses. These loans usually have to be repaid within a few weeks. Since quick cash loans come in a variety of forms, you need to know your options and what you need. These loans have fast repayment terms and can be secured with an interest-free loan to get you back on track quickly. These types of loans come with a cash advance. A $50 quick cash loan doesn’t include a $6 monthly interest rate or additional monthly fees that can add tens of dollars. You can also get $255 payday loans online same day and have it so easy for you. You should know that online fast cash loans are a faster form of finance.

They come with a guaranteed initial percentage of the loan, usually 2-6%. You pay the initial amount as a percentage based on how your credit score is calculated. Many companies also allow you to request cash advances while you apply for the credit card, debit card, or check. Once you have a loan approved, you can be on your way immediately. These quick cash loans can help you get started or save for a home, school, college, or retirement. Online fast cash loans are a great way to pay off your debt, or at least pay off existing principal debt quickly.

Online payday loans

Online payday loans are small types of loans that come in forms like payday loans. These loans have a fixed interest rate. With these quick return loans, you will receive a cash advance of $100 on top of your initial rate. You can also get $255 payday loans online same day and it often depends on your score. If you have a high score, you may qualify for a higher interest rate. Many companies will give you a “repayment rate” to pay off the original loan balance.

Check lenders offer a short term loan with a guaranteed rate. These loans come with a minimum payment of $24 and are usually due to payday loans to help keep the money moving, so it’s worth taking a look at the different loans available. We offer different types of loans suitable for a variety of situations and circumstances, from emergency needs to monthly bills. The type of payday loan you choose will largely depend on the type of interest rate you use and the amount of money you need to save to pay off the loan. This guide will help you choose the best offer for you.

Online credit card cash advances

A credit card cash advance offers a cheaper and more convenient way to pay for your in-store and online purchases. Many credit cards have some form of cash advance feature, and many shoppers have even found ways to purchase their favorite products online. Also get small payday loans online with no credit check on the same day and a cash advance often requires a deposit before the credit card statement is sent to the merchant. A cash advance allows you to use that money and earn interest while you continue to spend money on other purchases.

Payday loans are easy to use and convenient. Although there are many types of payday loans on the market, we are always adding new ones. These types of loans can come in many forms, such as auto and home loans, credit cards, mortgages, and even interest-free loans. Many different payday lenders offer these different types of loans, so be sure to see if you can use any of these payday loan types before deciding which one is right for you. Here are some of the best payday loans that can help you deal with your cash crisis.

If you’re struggling with the debt you have, or just need quick cash to pay your bills, you can take a look at one or more types of payday loans available to you. . These loans can be used to pay off debt and to save for financial emergencies.

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Auto repair chains could entice consumers to get 189% loans https://www.officialmiamiheat.com/auto-repair-chains-could-entice-consumers-to-get-189-loans/ Tue, 14 Jun 2022 21:14:12 +0000 https://www.officialmiamiheat.com/auto-repair-chains-could-entice-consumers-to-get-189-loans/ Several nationwide car repair chains and tire stores lure customers into “payment plans” that are actually loans that circumvent the law according to the National Consumer Law Center. The NCLC says a “rent-a-bank” locks consumers into loans with rates of up to 189%, leaving them unable to repay even small principal loans years after the […]]]>

Several nationwide car repair chains and tire stores lure customers into “payment plans” that are actually loans that circumvent the law according to the National Consumer Law Center. The NCLC says a “rent-a-bank” locks consumers into loans with rates of up to 189%, leaving them unable to repay even small principal loans years after the fact.

EasyPay Finance, in conjunction with TAB Bank of Ogden, Utah, is the subject of hundreds of complaints of “deceptive” lending practices that the NCLC says may violate certain state laws. Customers at furniture stores, pet stores, and auto and tire repair centers across the country are being offered what appear to be 90-day payment plans through EasyPay, with the promise of full interest refunds if the loan is repaid. However, these payment plans are actually loans supposed to hide staggering interest rates of up to 189%, sometimes disclosed only in fine print, and sometimes not mentioned at all until the deal is signed. And for many who sign on the dotted line, hidden interest rates are just the start of their financial nightmares.

Fixing a car can be expensive for many families who already don’t have “predatory lenders,” said Elyse Hicks, consumer policy adviser at Americans for Financial Reform. ABC 27 in Utah. “Easy Pay and its leasing partner TAB Bank are attacking people in a way that exploits the centrality of cars in American society.”

Complaints gathered from the BBB, the Consumer Financial Protection Bureau, and the NCLC’s Ripoff Reports describe a variety of unsavory practices, ranging from administrative errors to difficult or even unresponsive customer service. EasyPay is accused of making electronic withdrawals for amounts not approved in loan documents or continuing to make debits after a loan has been repaid in accordance with the agreement. Disputes or attempts to claim the advertised interest refund are then complicated by rude or unhelpful customer service if answered, which can lead to long-term problems resolving debts with EasyPay.

Customers also report being harassed by debt collectors over their EasyPay loans, as well as damage to their credit ratings. Not from the debt itself, but from late payment reports or reports issued to the wrong person. Veterans and active military members are among the indebted, and at least one complaint is whether the store that facilitated the loan (in their case AAMCO) was “in cahoots” with EasyPay. Other chains involved in the program according to the NCLC are Big O Tires, Grease Monkey, JiffyLube, Meineke, Midas and Precision Tune Auto Care.

Have a tip or question for the author? You can reach them here: james@thedrive.com

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How to budget for a wedding while paying off student loans https://www.officialmiamiheat.com/how-to-budget-for-a-wedding-while-paying-off-student-loans/ Tue, 07 Jun 2022 23:27:40 +0000 https://www.officialmiamiheat.com/how-to-budget-for-a-wedding-while-paying-off-student-loans/ Rawpixel / iStock.com If you’re planning a wedding and juggling student loan repayments, there are several ways to cut wedding-related expenses without sacrificing any of your dreams for the big day. Check out: 7 things every woman should know about Social SecurityMore: 15 beautiful, inexpensive places to retire Here’s what you need to know about […]]]>

Rawpixel / iStock.com

If you’re planning a wedding and juggling student loan repayments, there are several ways to cut wedding-related expenses without sacrificing any of your dreams for the big day.

Check out: 7 things every woman should know about Social Security
More: 15 beautiful, inexpensive places to retire

Here’s what you need to know about budgeting for a wedding while simultaneously working to pay off student loan debt.

Prioritize what you want

One of the first steps in planning a wedding is prioritizing what you want and staying within budget. Brittney Castro, Mint’s in-house certified financial expert and financial planner, recommends following these steps to ensure you don’t get carried away or overwhelmed with wedding expenses.

  • Start by establishing how much you’re willing to spend on the big day. Castro said you should also be able to determine if the money is coming from your family, your savings or other means.
  • Assess what you want to prioritize. Think about the areas you’re willing to splurge on that matter to you on the big day.
  • Make a list of all major expenses. This list will include location, attire, food, and photography, to name a few. Next, estimate how much you would be willing to spend in each area.

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Put more money to pay off your loan

Charles Moll is a wedding photographer at Charles Moll Photography. Moll has worked with a wide range of couples and a wide range of wedding budgets. He recommends spending more money on paying off your student debt than on your marriage.

Why should you focus on paying off student debt and not spend more money on your wedding day? Moll said it’s important to remember that a wedding isn’t the culmination of your marriage. On the contrary, a wedding is the beginning of your marriage.

Take our survey: Do you make a weekly meal plan or other regular family budget?

“It’s much wiser to invest in your future by reducing your debt,” Moll said. “It will give you enormous financial freedom in the future.”

If you’re receiving money for the wedding, Moll recommends talking to the person who gave it. See if they are open to you using the money for anything other than your wedding. If they agree, use as much money as you received on your wedding day to pay off your student debt.

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DIY Your Wedding Day

Cut corners by being cunning when it comes to paying wedding expenses. Castro recommends getting creative and making your own floral arrangements, creating a free wedding website to email all your date invitations, and dividing the wedding chores among friends and family (if they are able to step in and help) instead of hiring a wedding planner.

Amy McCord Jones, owner of Flower Moxie, said there are many ways to save money on weddings and the decision comes down to the couple’s priorities. As a seasoned wedding planner, McCord Jones says couples can easily cut their budget by DIYing their wedding flowers and invitations, hiring a solid photographer for a few hours instead of all day, sparing food and by having a wedding in the afternoon. with cake, champagne and punch before meeting friends that evening.

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“I’ve learned that it’s not the couture dress, the getaway car, or the open bar that makes a wedding spectacular, but planning a wedding that fits your budget, lifestyle, and personality. of the couple,” McCord Jones said.

Explore non-traditional wedding options

Amid the ongoing COVID-19 pandemic, the norms of traditional weddings have been turned upside down. Wedding days don’t have to be over the top or incredibly expensive. Many couples make the decision to marry in a courthouse, elope, or hold “minimonies” which are smaller, more intimate wedding ceremonies. Those who are paying off their student debt might consider heading into a non-traditional marriage to stick to their budget and stay focused on their love for each other.

“If you’re working on a tight budget, consider downsizing your wedding and opting for a smaller, more affordable ceremony. Downsizing a little can feel more intimate and special knowing that only your closest loved ones are in attendance. said Castro.

Consider Post-Wedding Considerations

As you budget for your upcoming wedding and work to pay off student debt, Castro said it’s important to keep the bigger picture in mind.

Don’t forget to anticipate your other long-term goals as a married couple, such as buying a house together, and be sure to allocate enough money to meet your financial goals after marriage. Your wedding may take place in one day, but you have the rest of your life to spend together.

More from GOBankingRates

About the Author

Heather Taylor is Senior Financial Writer for GOBankingRates. She is also the editor and brand mascot enthusiast for PopIcon, Advertising Week’s blog dedicated to brand mascots. She has been featured on HelloGiggles, Business Insider, The Story Exchange, Brit + Co, Thrive Global and other outlets.

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Government buy now, pay later loan dilemma https://www.officialmiamiheat.com/government-buy-now-pay-later-loan-dilemma/ Sat, 04 Jun 2022 17:00:00 +0000 https://www.officialmiamiheat.com/government-buy-now-pay-later-loan-dilemma/ EXPLANATION : Buy now, pay later has exploded into our lives. People, especially young people, loved it, preferring it to credit cards and hire purchase. Buy Now, Pay Later (BNPL) short-term consumer loans are interest-free, so people can use them to buy things they haven’t saved up for at no apparent cost. This cheapness is […]]]>

EXPLANATION : Buy now, pay later has exploded into our lives.

People, especially young people, loved it, preferring it to credit cards and hire purchase.

Buy Now, Pay Later (BNPL) short-term consumer loans are interest-free, so people can use them to buy things they haven’t saved up for at no apparent cost.

This cheapness is because retailers add the actual cost of loans to the price of their goods (we all bear this cost), and you can get a BNPL account online in minutes.

READ MORE:
* The secret “buy now, pay later” code of conduct that you are not allowed to see
* Government considers regulating ‘buy now, pay later’ lenders
* Minister spoke of buy now, pay later “a ticking time bomb”

BNPL was outside pesky responsible lending laws that require lenders to check borrowers can repay before extending credit.

What could go wrong?

A lot. So much so that BNPL could be the next industry to go unregulated, and the number of people missing payments from their accounts is growing rapidly.

This seems to confirm claims by financial mentors that many BNPL accounts were opened by people who could not afford to make repayments.

The Minister of Commerce and Consumer Affairs, David Clark, is indeed considering three options:

  • Let the industry regulate itself, with a voluntary code
  • Subject the BNPL to responsible lending laws
  • Creation of a “lighter touch” regulation especially for BNPL

But it’s not a simple matter for Clark, whose latest foray into regulation to protect vulnerable people from lenders, really seems to have led to some non-vulnerable borrowers realizing they no longer qualify for loans.

Data from credit bureau Centrix shows a surge in the number of buy now, pay later accounts that are overdue after people miss repayments.

provided

Data from credit bureau Centrix shows a surge in the number of buy now, pay later accounts that are overdue after people miss repayments.

Over 565,000 people have BNPL accounts, and many love them. Clark will be wary of upsetting them.

But what seemed so great, and was touted as allowing people to split payments for essential things like appliances and dentistry, is now down to the consumer.

A growing number of people are missing BNPL payments and paying late fees, but research in Australia shows that people sometimes skip meals or miss payments on rent and electricity bills, in order to make BNPL payments .

Models walk the runway during the Bondi Born show during Australia's Afterpay 2022 Fashion Week. It's no surprise the lender buy now, pay later is sponsoring a fashion event.

Mark Metcalfe/Getty Images

Models walk the runway during the Bondi Born show during Australia’s Afterpay 2022 Fashion Week. It’s no surprise the lender buy now, pay later is sponsoring a fashion event.

An unknown number of people are using debt to repay BNPL. One in five people use a credit card to make their BNPL repayments.

Financial mentors say people who cannot afford BNPL refunds get multiple accounts. Desperate people are “piling” BNPL accounts on loans they already have. More BNPL loans are ending up with debt collectors, they say.

Andrew Henderson of the Dunedin Budget Advisory Service told the government: ‘We are seeing many consumers with multiple BNPLs who cannot afford their essential costs because of this. Consumers are trapped in the cycle of debt with BNPL, which impacts their future and their mental health.

And to top it off, BNPL lenders openly claim to retailers that accepting BNPL makes people spend more. Young women are a particular target of BNPL lenders.

Buy now, pay later is often seen by people as a tool to spread out refunds on a purchase.  It is not seen for what it really is: consumer debt.

Laurent Delhourme/Stuff

Buy now, pay later is often seen by people as a tool to spread out refunds on a purchase. It is not seen for what it really is: consumer debt.

Calls for regulation frustrate people who use BNPL cautiously.

They don’t want to have to answer intrusive financial questions to open an account or have their credit limits lifted. Regulation adds costs. They want BNPL to remain interest-free.

As Adam Bright told the government in his brief on the bill, “I’ve used two different vendors and had excellent experiences with both.”

He appreciated that there were no account fees.

“I’ve never been behind on payments and I think it’s a great tool for buying items by spreading payments,” he said.

It was really useful at a time when his budget was squeezed by rising inflation, allowing him to make expensive purchases.

“It actually helped me save money while also stimulating the economy with my purchases,” he said.

A BNPL user said Things it had become more prominent since changes to Clark’s Responsible Lending Rule made it harder for low-income people to get loans.

“It seems that these responsible lending rules … do nothing to help those of us on the bottom aspire to anything beyond the usual meager existence that a benefit provides,” he said. .

“Since BNPL’s arrival in New Zealand, the facility has been a boon for those of us on low fixed incomes.”

Most BNPL account users manage their repayments well, he said.

While this is true, these days politicians are less willing to turn a blind eye to loan abuse.

We should know within a few weeks how Clark thinks BNPL should be regulated.

He has been fairly quiet, even refusing to publish a code of conduct drawn up by BNPL lenders, in which they hope he will let them operate.

It is now available on the Department for Business, Innovation and Jobs website, and it is weaker than it will be willing to accept.

Under the code, even checking a person’s credit report (which shows their credit score, recent payment history and loans they have) would be voluntary.

And, it’s not good enough for the difficulties. Financial mentors trying to help people struggling with debt find it difficult to deal with BNPL lenders.

If Clark goes there, this code will need a big rewrite.

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Millennials and Millennials are defaulting on auto loans at far higher rates than before the pandemic https://www.officialmiamiheat.com/millennials-and-millennials-are-defaulting-on-auto-loans-at-far-higher-rates-than-before-the-pandemic/ Sat, 04 Jun 2022 14:45:01 +0000 https://www.officialmiamiheat.com/millennials-and-millennials-are-defaulting-on-auto-loans-at-far-higher-rates-than-before-the-pandemic/ The finances of young Americans may have begun to crumble under the weight of auto loans – yet another worry to contend with in this precarious economic environment. According to new data from credit reporting agency TransUnion, Gen Z and Millennials now have auto loan default rates significantly higher than their pre-pandemic levels. Generation Z, […]]]>

The finances of young Americans may have begun to crumble under the weight of auto loans – yet another worry to contend with in this precarious economic environment.

According to new data from credit reporting agency TransUnion, Gen Z and Millennials now have auto loan default rates significantly higher than their pre-pandemic levels. Generation Z, which includes those born in 1995 and later, has a late payment rate of 2.21%, compared to 1.75% before the pandemic. Millennials, those born between 1980 and 1994, have fallen behind on car loans at a rate of 2.14%, compared to 1.66% before the pandemic.

The data comes against the backdrop of near-unprecedented auto costs. The average new car is now $46,526, just slightly below the record high of $47,000 set in January, according to Kelly Blue Book and its parent company, Cox Automotive.

The Cox Automotive/Moody’s Analytics Vehicle Affordability Index hit its worst mark on record in April, showing the median weeks of income needed to buy the average new vehicle now stands at 40.6 weeks, or almost a year’s salary, compared to a downward revision. 40.2 weeks in March.

“New vehicle affordability continues to be much worse now than it was a year ago, when prices were significantly lower and incentives were higher,” Cox said in a press release. “The estimated number of weeks of median household income needed to buy the average new vehicle in April increased 18% from last year.”

Amid these challenges, the total volume of auto loans has plummeted. In the last three months of 2021, according to TransUnion, the number of loans granted fell 3% to 6.5 million compared to the same period a year earlier.

This may be satisfactory enough for the Federal Reserve to conclude that financial conditions have tightened as hoped. Meanwhile, TransUnion said creditors appear to be responding to changing conditions by offering various types of forbearance to borrowers.

“Supply shortages have driven up vehicle prices, and the closure of international factories will lead to an increasing shortage of inventory throughout the year,” TransUnion said in a May 23 blog post. “In addition to the increase in vehicle prices, the rise in inflation will also have an impact on the purchasing power of consumers. To help control monthly payments, we anticipate that lenders may offer consumers options such as extended loan terms to offset affordability issues.

Still, defaults on auto loans are a sign amid the broader trend of a general rise in the cost of living. Although no generation is immune to this phenomenon, young consumers are the most affected, as they have fewer accumulated assets to act as a buffer.

Indeed, a new survey of Gen Z and Millennials by consulting group Deloitte found that the cost of living was the top overall concern for both groups, ahead of other issues such as climate change. , unemployment, mental health and personal safety.

“Financial anxiety is prevalent among Gen Z and Millennials,” Deloitte noted. “They worry about their day-to-day finances and fear they won’t be able to retire comfortably.”

Deloitte also found that nearly half of both generations were living on paycheck to paycheck and worried about not being able to cover their expenses, with 30% of both groups expressing general financial insecurity.

The consultancy also found that a third of millennials and 43% of Gen Zers have had side jobs in addition to their main job. Meanwhile, 26% of Gen Zers and 31% of Millennials said they weren’t confident they would be able to retire with financial comfort.

It’s possible that these younger generations have stretched their wallets, thanks to an otherwise healthy pay raise they recently received, especially compared to other generations. Data from Bank of America shows that between May 2021 and April 2022, Gen Z and Millennials received wage increases of 19.9% ​​and 11.3%, respectively.

“Some of the increase in Gen Z will simply reflect members of this group entering their careers after education, which inevitably involves significant salary changes,” according to Bank of America. “But it’s worth noting that Millennials seem to be seeing higher net pay increases than Gen X – it’s Gen X where the median salary is the highest, so it looks like Millennials are catching up .”

But the Deloitte survey indicates that the overall financial situation of younger generations is changing.

“Fast forward to 2022 and, unfortunately, economic conditions and quality of life have deteriorated in many parts of the world,” the survey said. “Now, in the third year of the pandemic, we are also facing alarming geopolitical conflicts, extreme weather events, inequality and a sharp rise in inflation. Rather than being a temporary condition, the disruptions seem to be part of the new normal.”

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Disaster Water Loans – Medford News, Weather, Sports, Breaking News https://www.officialmiamiheat.com/disaster-water-loans-medford-news-weather-sports-breaking-news/ Thu, 02 Jun 2022 17:40:00 +0000 https://www.officialmiamiheat.com/disaster-water-loans-medford-news-weather-sports-breaking-news/ The Medford Water Commission’s Robert A. Duff Treatment Plant, which treats water from the Rogue River before sending it to customers, is seeing a capacity increase from 45 million gallons per day to 65 million. Mail Tribune/Jamie Lusch The money will be used to strengthen earthquake facilities, build new reservoirs and improve water quality A […]]]>

The Medford Water Commission’s Robert A. Duff Treatment Plant, which treats water from the Rogue River before sending it to customers, is seeing a capacity increase from 45 million gallons per day to 65 million. Mail Tribune/Jamie Lusch

The money will be used to strengthen earthquake facilities, build new reservoirs and improve water quality

A $96.8 million federal loan announced this week will help keep taps flowing for Medford Water Commission customers if the area is rocked by an earthquake.

The money will be used to improve water quality, build new water storage reservoirs in East Medford and upgrade the Robert A. Duff water treatment plant in White City so that it can continue to operate in the event of a disaster or power failure.

“The biggest concern is a Cascadia subduction earthquake,” said Brad Taylor, chief executive of the water commission, which serves 140,000 residents of the valley.

The subduction zone is found off the Oregon coast, where two tectonic plates rub against each other, producing devastating earthquakes every 200 to 900 years, according to historical accounts. The last one occurred in 1701. Volcanoes such as Mount St. Helens and Crater Lake are connected to this tectonic zone.

Two low-interest loans are part of a federal effort to help local communities withstand an earthquake and will save the water commission $12 million in interest over the repayment period 30 years old.

One loan is $27.4 million at 2.1% and the second is $69.4 million at 3.2%. The water commission was not far enough along in an environmental assessment of some of the projects to lump it all together in the 2.1% loan.

Another advantage of the loans is that no principal repayments have to be made during the first five years.

“Access to clean, reliable water and a resilient water infrastructure system is essential to the health and strength of every family,” said U.S. Senator Jeff Merkley, D-OR, who authored the bill that helped create the Water Infrastructure Finance and Infrastructure Act.

The federal loans are part of a 10-year plan to invest about $200 million in the Medford area water system, which serves most communities in the valley.

As part of the improvements, the program will help better adjust pH to reduce lead and copper leaching from household plumbing.

The Duff plant, which treats water from the Rogue River before sending it to customers, is seeing an increase in capacity from 45 million gallons per day to 65 million.

Part of the plant will be seismically hardened with backup generators so it can continue to produce 26 million gallons per day in the event of a disaster. This upgrade will be paid for by federal loans.

Taylor said the 26 million gallons would be enough to ensure customers have adequate drinking water in the event of a disaster.

Over the next 50 years, the water commission plans to convert the entire Duff plant into a hardened facility to help withstand a natural disaster.

There are currently three reservoirs atop Capital Hill in East Medford with a capacity of 12 million gallons.

“It’s really the heart of the system,” Taylor said.

The loans will be used to pay for two replacement tanks which will also hold 12 million gallons, but the new tanks and pipes will be designed to better withstand an earthquake.

Taylor said the commission is developing plans to continue to maintain the water supply as the reservoirs are replaced over the next few years.

Additionally, a new 8 million gallon reservoir will be built somewhere near Foothill Road in east Medford, although the water commission is still working on securing a property for this project.

In 10 years or more, the water commission plans to build another 8 million gallon reservoir in South Medford to serve this rapidly growing area, although that project is still on the drawing board.

The earthquake-resistant reconstruction project also includes the improvement of water pipes and pumps.

Rates are expected to rise by 6% to 8% over the next few years to help defray some of the costs of the rebuilding effort, then reverting to more normal increases based on inflation.

In 2024 or 2025, the water commission expects to seek a revenue bond of approximately $22-25 million.

The city of Medford is directly served by the commission, but wholesale customers include White City, Ashland, Central Point, Eagle Point, Jacksonville, Phoenix and Talent. When the commission formed 100 years ago, it installed 30 miles of pipe from Big Butte Springs using a $1 million bond.

The springs have historically provided most of the water for area residents, but population growth has required additional water from the Rogue River.

An ongoing drought, which has seen some relief with spring rains this year, has resulted in lower spring flows, causing earlier than expected draws from the Rogue River.

The commission is authorized to extract up to 100 million gallons per day from the Rogue River, although it must make additional improvements to the Duff plant to do so.

Contact freelance writer Damian Mann at dmannnews@gmail.com.

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NJ graduate pays off $70,000 in student loans by starting a used book business https://www.officialmiamiheat.com/nj-graduate-pays-off-70000-in-student-loans-by-starting-a-used-book-business/ Tue, 31 May 2022 06:00:21 +0000 https://www.officialmiamiheat.com/nj-graduate-pays-off-70000-in-student-loans-by-starting-a-used-book-business/ NEWYou can now listen to Fox News articles! While President Biden has floated the idea of ​​canceling “some” student loan debt — an idea that has GOP and Democratic lawmakers worried, saying it would cost the government too much money and add to inflation — some university graduates with heavy debts don’t wait for someone […]]]>

NEWYou can now listen to Fox News articles!

While President Biden has floated the idea of ​​canceling “some” student loan debt — an idea that has GOP and Democratic lawmakers worried, saying it would cost the government too much money and add to inflation — some university graduates with heavy debts don’t wait for someone or something to bail them out.

They move on, do the right thing, and find a way to pay off their own debt.

And for a Rutgers University grad, that meant a novel idea.

A native of New Jersey, Pathik Oza earned a BA from Rutgers University in 2018 — he studied psychology and biology — with $70,000 in student loans, he told Fox News Digital in an interview.

OHIO COUPLE, PARENTS OF TWO, GET HUGE STUDENT LOAN DEBT BEHIND THEM

And while Oza began to pursue another degree before his plans to go to medical school, he also discovered a passion for repatriating used and discarded books.

“I was walking one day during the summer, and I saw some books lying around there, and I thought there would be an opportunity,” he said.

O3 Books founder Pathik Oza of North Brunswick, NJ, during a recent Zoom interview with Fox News Digital about paying off his student debt. “I just started this voluntary work where I was collecting unwanted books,” he said.
(Digital Fox News)

“Why would books be thrown away? They could be redistributed to someone who might need them. So I just started this volunteer work where I would collect unwanted books,” he told Fox News Digital .

What started as a kind gesture and a chance to give back to local libraries, schools, shelters and children’s hospitals has turned into a sparkling new business opportunity.

A growing number of book requests and high demand for his services became something far too big for Oza and his Toyota RAV4.

Pathik Oza made the decision to turn book reselling into a profitable business.

So Oza made the decision to turn book reselling into a business. He started by opening an Amazon account.

He called his business O3 Books.

FLORIDA-BASED MOM PAYS OFF $40,000 IN STUDENT DEBT AFTER EXPERIENCING ‘PAYCHECK TO PAYCHECK’

“The profits would keep coming in and they just kept growing,” he said. “[In about] about a month, I had about 1,000-2,000 books in Amazon’s warehouses. So it was pretty cool to see the growth of the business.”

Oza continued to grow, launching a website and opening an Etsy store, which “blew up” as the world went into lockdown during the coronavirus pandemic.

Original O3 Books dust jacket designs for JK Rowling

The original dust jacket designs from O3 Books for JK Rowling’s ‘Harry Potter’ book series are featured here. (Pathik Oza/O3 Books)

He also found that there was particularly high demand for his decorating book sets and redesigned dust jackets; he went in this direction to help spruce up work-from-home Zoom meeting backgrounds.

By the end of 2020, Oza had earned $115,000 from his side business — which covered his student loans in full, then some.

Oza has “learned a lot about finances,” he said, paying off his loans and fueling his own small business at the same time.

Oza said he “learned a lot about finance” paying off his loans and fueling his own business at the same time.

OHIO WRITER PAYED OFF $48,000 IN STUDENT LOANS IN 14 MONTHS: IT WAS ‘AN ADVENTURE’

Today, the 25-year-old said he would feel “more comfortable” taking out different forms of borrowing in the future based on the financial knowledge he has accumulated.

The success of O3 Books now pays Oza’s second degree in full, eliminating the burden of having to take out another loan.

NJ's Pathik Oza started O3 Books - and used the money he earned from his new venture to completely pay off his student loan debt.

NJ’s Pathik Oza started O3 Books – and used the money he earned from his new venture to completely pay off his student loan debt.
(Pathik Oza)

The small business owner has since changed careers.

He’s pursuing a degree in computer science, though the thought of big medical school loans possibly in his future gave him an extra boost to deal with the debt he already had.

“I felt it was urgent to pay them back,” he said.

HOW TO DECIDE WHICH STUDENT LOANS TO PAY FIRST

For other students in debt who are looking for a way to pay off their loans, Oza said it’s a good idea to weigh the option of starting a small business. He particularly recommended taking advantage of online marketplaces like Amazon and Etsy.

“Any passion you’ve started, there’s definitely a market for it,” he said.

“You only need a small portion [of the population] at [help] generate income in sales. As long as you have 1% of the customers, you have a full-fledged business,” he added. “There is always a market for something.

Growing his own business has given Oza a boost in financial literacy, so he also advised saving and investing his money is always the “best option”.

ROWE: THE IDEA OF CANCELLING STUDENT LOAN DEBT ‘DRIVES ME CRAZY’

“Make sure you understand the finances and the best way to split your income,” he said. “Loans are a burden no one wants – but you will get rid of them.”

O3 Books founder Pathik Oza shared ideas for other indebted students to repay their loans.

O3 Books founder Pathik Oza shared ideas for other indebted students to repay their loans. “Social media has opened up a lot of opportunities to market your skills and create a side or potentially full-time income,” he said.
(Pathik Oza)

Oza hopes to one day leave O3 Books to his parents – as an ongoing outlet for extra income. In other words, he wants it to stay in the family.

“It’s an amazing side income that I will keep forever,” he said. “I built a brand around it. I built a community around it. So that’s something I can’t let go of.”

“There is a market for your talent and there are many platforms you can use to showcase your skills.”

Oza also shared additional tips for anyone who needs extra income or money to pay off student debt.

“I would suggest getting a part-time job — and if you don’t have a lot of time, use those available hours to earn some money with a skill you have,” he said.

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“It could be anything like marketing, art, web design, app development or teaching… There is a market for your talent and there are many platforms you can use to showcase value your skills.”

“For example,” he added, “Instagram is a great place for artists to showcase their work…The best part about it is you can work when you’re available.”

CLICK HERE TO GET THE FOX NEWS APP

Says Oza, “Social media has opened up many opportunities to market your skills and allow you to create a side or potentially full-time income from a passion or skill you have. Again, if your situation allows you, try to reduce your expenses as much as possible.”

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Letters about Lee property, privacy rights, student loans, etc. https://www.officialmiamiheat.com/letters-about-lee-property-privacy-rights-student-loans-etc/ Sun, 29 May 2022 10:05:31 +0000 https://www.officialmiamiheat.com/letters-about-lee-property-privacy-rights-student-loans-etc/ Protect water resources Robert Knight is right in his column about the proposed development of the Lee property on Parker Road. Our local sources are polluted and depleted. These are symptoms of much larger problems in Florida. Among them are inadequate sewage treatment and over-pumping of the Florida Aquifer. While Gainesville Regional Utilities has always […]]]>

Protect water resources

Robert Knight is right in his column about the proposed development of the Lee property on Parker Road. Our local sources are polluted and depleted. These are symptoms of much larger problems in Florida. Among them are inadequate sewage treatment and over-pumping of the Florida Aquifer.

While Gainesville Regional Utilities has always demonstrated forward thinking in much of its capital planning, there is more that can be done and done to protect our water resources. The creation of a new wetland and wellfield for groundwater recharge on the Lee property would be an excellent opportunity to provide such protection.

And as Dr. Knight noted, there could also be excellent recreational opportunities available to the general public in a well-designed urban park, including hiking, wildlife viewing and photography.

Let’s do it right and protect our water resources for generations to come.

Jim Gross, Executive Director, Florida Defenders of the Environment

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Chinese loans to Africa could trigger crisis, warns Germany https://www.officialmiamiheat.com/chinese-loans-to-africa-could-trigger-crisis-warns-germany/ Fri, 27 May 2022 13:32:00 +0000 https://www.officialmiamiheat.com/chinese-loans-to-africa-could-trigger-crisis-warns-germany/ China’s years-long lending spree to poorer countries, particularly in Africa, poses a “grave danger” that could plunge the world into the next financial crisis, German Chancellor Olaf Scholz warned on Friday. “There is a very serious danger that the next big debt crisis in the Global South will come from China’s lending to all over […]]]>

China’s years-long lending spree to poorer countries, particularly in Africa, poses a “grave danger” that could plunge the world into the next financial crisis, German Chancellor Olaf Scholz warned on Friday.

“There is a very serious danger that the next big debt crisis in the Global South will come from China’s lending to all over the world that they don’t have a complete overview of because there are so many ‘actors involved,’ Scholz said.

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“It would then plunge China and the Global South into a major economic and financial crisis and, incidentally, would not leave the rest of the world unscathed, to put it politely. So it’s a serious concern.

The comment came during an onstage discussion at German Catholic Day in Stuttgart, where another panelist said Europe had stood idly by while Chinese money built African roads and universities and increased Beijing’s influence on the mainland.

Critics have long accused China of luring low-income countries into a debt trap by offering huge, unaffordable loans.

Beijing disputes the accusation, arguing that its loans are designed to alleviate poverty.

Scholz said he was pushing for China to join the Paris Club of creditors, which have common terms on how to handle troubled countries.

“One of our very, very big ambitions is to bring China in, as a country that lends a lot of new ways,” he said.

He also pointed to the recently unveiled Global Gateway initiative by the European Union, which aims in part to counter China’s influence.

Under this plan, the EU aims to invest more than €150 billion in Africa, in areas ranging from renewable energy and transport to vaccine production and education.

This ambitious program is widely seen as a response to China’s gigantic Belt and Road infrastructure project.

Read more:

China becomes wildcard in Sri Lanka’s debt crisis

China rejects claims it could seize Ugandan airport if country defaults

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