Business financial – Goodbye Pert Breasts http://goodbyepertbreasts.com/ Mon, 03 Jan 2022 10:07:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://goodbyepertbreasts.com/wp-content/uploads/2021/06/icon.png Business financial – Goodbye Pert Breasts http://goodbyepertbreasts.com/ 32 32 High Risk Personal Loans: All Borrowers Are Welcome https://goodbyepertbreasts.com/high-risk-personal-loans-all-borrowers-are-welcome/ Mon, 03 Jan 2022 10:05:18 +0000 https://goodbyepertbreasts.com/?p=1956 Although it might seem, extremely high risk loans from direct lenders such as Paydaychampion have zero risk and no application fee. You may be wondering how they can do this? As a direct personal loan provider we can provide up to $1,000 for people who do not have collateral. In this way, we are taking the risk […]]]>

Although it might seem, extremely high risk loans from direct lenders such as Paydaychampion have zero risk and no application fee. You may be wondering how they can do this? As a direct personal loan provider we can provide up to $1,000 for people who do not have collateral. In this way, we are taking the risk of taking a large risk. In contrast you, as a borrower you do not need to put up any assets to get cash from us to solve any financial need, whether it’s for vehicle repairs or for payment of outstanding bills. This is also true for those with low credit scores as well! In the same way, you can apply for a no-risk payday loan online and not pay any fees, and be funded (if you are eligible) within the next day.

Get high risk personal loans with guaranteed instant approval

As a reputable and sought-after financing provider we ensure that our customers are funded in the shortest time possible. In addition we make sure they immediately know that they will definitely receive the loan. So, following making the application for a high risk personal loan here https://www.paydaychampion.com/high-risk-personal-loans-guaranteed-approval-direct-lenders/ (which takes just 3 minutes). We verify whether the application is authentic. application and then proceed to lend you the loan, which is a high-risk personal loan. In an effort to be an extremely trustworthy Direct lender. We assure approval only if all is perfect! There isn’t any paperwork or faxing needed after approval you will receive the direct transfer of the requested amount into your checking account that same day! As stand-alone , legitimate high risk lenders, we’re also in a position to make payment of the loan extremely flexible in the event of need. Without additional costs or risking your credit score it is possible to repay the loan in multiple installments spread over three months instead of waiting for the next payday should you wish to be.

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How can we ensure that we are able to provide loans to those who don’t have a solid credit history? The answer is simple: we offer very short-term loans that don’t require credit history as a primary indicator of repayment capability. Being able to score a high credit score does not guarantee repayment even if the borrower is not making a steady income. In the same way, if a person is earning a regular income, it’s an indication of their capacity to pay back loans, regardless of a poor credit score. The bottom line is that we’re an extremely risky payday lender and lend money to people who have no judgment or partiality. Bad credit, no credit or a poor score isn’t a barrier for us. Furthermore, once you’re an ongoing client, we give additional benefits to you – you will can avail higher amounts of in cash as well as lower APR rates!

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The lending of money to any person is risky, however the ones who’ve had their loans refused by lenders elsewhere are considered as high-risk borrowers. Paydaychampion offers second chance loans, which is why we have an application process that allows us that allows us to offer loans with no credit checks. These are the essential conditions you must meet to apply for a loan with us:

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Prospering in the pandemic: how companies have fared in the Covid era https://goodbyepertbreasts.com/prospering-in-the-pandemic-how-companies-have-fared-in-the-covid-era/ Mon, 03 Jan 2022 09:05:35 +0000 https://goodbyepertbreasts.com/?p=1879 Two years after the emergence of Covid-19, a jarring disconnect has emerged between the human toll and the record valuations of many large companies. Silicon Valley dominates our list of companies whose market value grew the most in dollar terms since January 1 2020, headed by Apple, Alphabet and Microsoft. But non-tech companies were winners […]]]>

Two years after the emergence of Covid-19, a jarring disconnect has emerged between the human toll and the record valuations of many large companies.

Silicon Valley dominates our list of companies whose market value grew the most in dollar terms since January 1 2020, headed by Apple, Alphabet and Microsoft. But non-tech companies were winners too: consultants Accenture, diagnostics specialist Thermo Fisher and retailer Home Depot all made the top 20.

Nor is it purely a US list, with companies such as Canada’s Shopify and France’s LVMH included. Although China is represented — by battery maker CATL and spirits producer Kweichow Moutai — many of the country’s big companies had a rough ride in 2021, as they faced increasing regulatory pressure. Alibaba heads our list of biggest pandemic losers, which also includes battered property developer Evergrande.

We also highlight companies, such as Zoom Video and Peloton, that faded after an initial rush of excitement about their prospects. Finally come the bouncers, including energy groups such as Gazprom and banks such as BNP Paribas, which endured sharp sell-offs but recovered strongly. Tom Braithwaite

1. Apple

Sector: TECHNOLOGY HARDWARE / HQ: CUPERTINO, us


123%


change in market value


$2.9tn


end-2021 market value

Apple’s stock ended 2021 close to a record — not just for the company but for any company, ever. Despite facing supply chain challenges and its stores closing worldwide, the iPhone maker is on the cusp of a $3tn market value, almost triple its pandemic low in March 2020. Employees working from home are spending less on travel and restaurants but upgrading their iStuff. Meanwhile, Apple is fattening its margins with an ever increasing array of services. Patrick McGee in San Francisco

2. Microsoft

Sector: SOFTWARE / HQ: REDMOND, US


110%


change in market value


$2.5tn


end-2021 market value

With the pandemic accelerating the shift to cloud computing, Microsoft is firing on all cylinders — and it has more cylinders than most. Its Azure cloud platform and Office 365 tools have been a mainstay. But Microsoft has a finger in many digital pies, including the hiring market (LinkedIn), business applications (Dynamics) and gaming (Xbox). Growth is above 20 per cent for the first time in a decade. Richard Waters in San Francisco

3. Alphabet

SECTOR: INTERNET / HQ: MOUNTAIN VIEW, US


108%


change in market value


$1.9tn


end-2021 market value

Google’s parent went into the pandemic as a powerful advertising company. It is coming out of it as one of the main engines of a booming digital economy. Retailers’ much greater reliance on digital sales has fed its search and YouTube advertising, while its cloud computing division is finally justifying its billing as a third player in the market behind Amazon and Microsoft. Late in the year, growth jumped to an extraordinary 40 per cent. Regulators are circling but Wall Street sees no immediate threat. Richard Waters

4. Tesla

SECTOR: AUTOMOTIVE / HQ: AUSTIN, US


1311%


change in market value


$1.1tn


end-2021 market value

The electric car pioneer became the first $1tn automaker and made its co-founder and chief executive the richest man in the world. To many, the stock price seems absurd, but even looking five years out, it’s unlikely any of its much larger rivals will outpace Tesla in producing electric vehicles — and those are the only vehicles investors care about at the moment. Patrick McGee

5. Amazon

SECTOR: ECOMMERCE / HQ: SEATTLE, US


85%


change in market value


$1.7tn


end-2021 market value

With Jeff Bezos busy blasting himself to space, new chief Andy Jassy took over in July. Since then, the costs of doing business during Covid-19 have throttled growth and profits, with billions spent on keeping Amazon’s reputation for fast delivery intact. The company’s stock underperformed compared with most big tech groups but analysts are optimistic. Staffing costs should drop in 2022, while the company’s emerging advertising business is shaping up as a bona fide challenger to the Google and Facebook duopoly. Dave Lee in San Francisco

6. Nvidia

SECTOR: SEMICONDUCTORS / HQ: SANTA CLARA, US


411%


change in market value


$735bn


end-2021 market value

No other chip company has ridden the pandemic wave as well as Nvidia. Its graphics chips have become the main workhorse behind artificial intelligence and other data-intensive applications that are fuelling the rise of giant cloud datacentres. The high-end gaming market and a useful sideline in selling chips to cryptominers have been a bonus. Its next target: the metaverse, where it is building a platform for other companies that want to reach their customers in new virtual worlds. Richard Waters

7. Meta Platforms

SECTOR: INTERNET / HQ: MENLO PARK, US


60%


change in market value


$936bn


end-2021 market value

It has been a bruising year for Meta (formerly Facebook), battered by accusations that its poor moderation contributed to January’s Capitol riots, whistleblower allegations that it prioritises profits over safety and new regulatory investigations. Nevertheless, its share price has weathered the reputational hits, reaching a record $1tn for the first time in June. Its resilience is testimony to the booming digital advertising market. It is now in a headlong dash to build its version of the metaverse. Hannah Murphy in San Francisco

8. Taiwan Semiconductor Manufacturing Company

Sector: semiconductors / HQ: hsinchu, Taiwan


100%


change in market value


$575bn


end-2021 market value

The world’s largest manufacturer of made-to-order chips has not only been boosted by a leap in demand for electronics gadgets during the pandemic. It also expects to keep growing faster until 2025 as 5G and AI further push the use of semiconductors in everything from factories to cars to homes. TSMC is ratcheting up investment in new plants from an average 30 per cent of revenue to more than 40 per cent. The goal is to widen the lead it has over competitors such as Samsung and Intel. Kathrin Hille in Taipei

9. ASML

SECTOR: SEMICONDUCTOR EQUIPMENT / HQ: VELDHOVEN, NETHERLANDS


164%


change in market value


$327bn


end-2021 market value

Of the many businesses claiming to be “the most important tech company you have never heard of”, Dutch machine-maker ASML has perhaps the best case. A Philips spinout, it is the leading manufacturer of the enormous lithography systems used by virtually all chip producers, including Taiwan’s TSMC. The rush to expand semiconductor manufacturing capacity helped ASML sell a record number of its most advanced machines this year, boosting profits more than 60 per cent in its most recent quarter. Joe Miller in Frankfurt

10. The Home Depot

SECTOR: RETAIL / HQ: ATLANTA, US


82%


change in market value


$433bn


end-2021 market value

Consumers have spent more time at home than usual during the pandemic, prompting them to spruce up their living spaces with everything from a fresh coat of paint to new backyard furniture. The do-it-yourself frenzy has been a boon to Home Depot, the largest US home-improvement retailer. It has also benefited this year from an increase in sales to professional contractors and builders, while rising property prices have encouraged Americans to invest in bigger home renovations. Matthew Rocco in New York

11. UnitedHealth

Sector: HealtHCARE / HQ: Minnetonka, us


70%


change in market value


$473bn


end-2021 market value

America’s biggest health insurer has benefited from an uplift in healthcare spending and increased collaboration between its insurance and services divisions. It has added 2m health insurance customers since the end of 2020 and now has 50m customers. Its services arm, Optum, is growing fastest. accounting for more than half of group revenues. It owns a pharmacy benefit manager, surgical hospitals and other healthcare businesses. Jamie Smyth in New York

12. Kweichow Moutai

Sector: beverages/ HQ: zunyi, china


90%


change in market value


$405bn


end-2021 market value

State-backed Kweichow Moutai, the premium Chinese liquor maker, posted revenue growth of just 11 per cent in the first nine months. But the growth figure has never been the focus for Chinese stock pickers, who instead prize the company’s 90 per cent gross profit margins and Moutai’s place on the table at almost every business meeting and upper-class function. Its shares have been a sure bet for the past decade and do not look as though they will lose their shine any time soon. Ryan McMorrow in Beijing

13. LVMH

Sector: luxury goods/ HQ: Paris, France


79%


change in market value


$417bn


end-2021 market value

When Covid arrived, investors feared luxury conglomerate LVMH would be hard hit given its heavy reliance on affluent Chinese tourists taking shopping pilgrimages to Paris and Milan. Instead, the sector’s undisputed leader has gone from strength to strength. Consumers not only in China but also in the US kept buying despite the pandemic. Plus, when stores were closed, LVMH overcame its traditional wariness about ecommerce to turbocharge its online sales. Analysts expect its sales to be 15 per cent higher than 2019 this year, reaching roughly €61bn. Leila Abboud in Paris

14. Contemporary Amperex Technology Co Ltd

Sector: BATTERIES / HQ: NINGDE, CHINA


539%


change in market value


$216bn


end-2021 market value

China’s dominant maker of batteries for electric vehicles has boomed thanks to growing sales to global customers such as Tesla, Daimler and BMW and the country’s homegrown electric vehicle manufacturers. Hefty support from Beijing continues to boost electric vehicle sales in the world’s largest auto market and, with few competitors able to match its output, CATL has both pumped out more batteries and raised prices. It is working on a million-mile battery. Ryan McMorrow

15. Broadcom

Sector: semiconductors / HQ: San Jose, us


119%


change in market value


$275bn


end-2021 market value

Exposure to a wide range of chip markets — particularly smartphones, broadband and wireless networking — left Broadcom well placed for the network investment boom that has accompanied the growing reliance on digital services. Wall Street also grew more confident that the chip industry’s most acquisitive company would take a back seat on deals for a while, and instead reward shareholders with higher dividends and share buybacks. Richard Waters

16. Thermo Fisher

Sector: LIFE SCIENCES TOOLS / HQ: WALTHAM, us


102%


change in market value


$263bn


end-2021 market value

The scientific equipment maker enjoyed a $7bn revenue boost during the first three quarters of 2021 from the supply of pandemic-related products such as Covid tests and raw materials used in vaccines. It also expanded through mergers and acquisitions, closing a $17.4bn deal to acquire clinical research company PPD in December. It upgraded its 2022 sales and earnings forecasts in October and expects to generate $37.1bn in revenues next year, up 15 per cent on 2020. Jamie Smyth

17. Accenture

Sector: PROFESSIONAL SERVICES / HQ: New york, US


96%


change in market value


$262bn


end-2021 market value

The pandemic has forced companies to accelerate plans to operate digitally. Accenture and other technology consultants have gained mightily from the flurry of clients spending on digital transformations, cloud computing and cyber security. The consultancy reported record revenues of $50.5bn in the year to August 31. Sales continued to rise in the three months to November 30, new bookings hit record levels and Accenture added 50,000 people to its workforce to meet demand. Michael O’Dwyer in London

18. Shopify

Sector: ECOMMERCE / HQ: OTTAWA, CANADA


275%


change in market value


$173bn


end-2021 market value

Shopify had its first ever $1bn revenue quarter in July, with the Canadian ecommerce company’s chief financial officer telling analysts that online habits formed during 2020 would endure. While growth slowed in 2021 compared with that breakout first pandemic year, analysts see the company as being in prime position as a facilitator of “omnichannel” retail, a blend of online and in-store shopping. There are also high hopes for the company’s Shop app and its potential as a marketplace and advertising hub. Dave Lee

19. Netflix

SECTOR: MEDIA / HQ: LOS GATOS, US


88%


change in market value


$267bn


end-2021 market value

With people across the world staying at home during lockdowns, Netflix added a record 36m subscribers in 2020. That pace slowed in 2021 as some countries went back to more normal routines. But Netflix’s stock surged again this autumn thanks to a flood of fresh content, including its biggest hit ever: Squid Game. The South Korean drama series was viewed by 142m households across the globe, giving investors renewed confidence that Netflix can produce a smash hit. Anna Nicolaou in New York

20. Danaher

Sector: LIFE SCIENCES TOOLS / HQ: washington, us


113%


change in market value


$235bn


end-2021 market value

Danaher has a structure that fell further out of fashion in 2021: it is a conglomerate. But this constellation of 20 companies is not breaking up. Executives credit its rather cultish “Danaher Business System” (Motto 3: “Kaizen is our Way of Life”) for uniting the group and driving superior performance. Covid and the desire for cleaner, safer environments have been boons. Danaher provides ingredients for vaccines and antibody therapies; virus tests; and tools used in food manufacturing and water purification. Tom Braithwaite

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Losers category heading

1. Alibaba

Sector: ECOMMERCE / HQ: HANGZHOU, CHINA


-43%


change in market value


$322bn


end-2021 market value

Jack Ma’s ecommerce group has been buffeted by one challenge after another this year. Ma went missing. Alibaba was hit with a record fine for antitrust abuses. Chinese authorities stepped up their campaign to dismantle its fintech arm Ant Group after cancelling its blockbuster initial public offering. Rivals including Pinduoduo, JD.com and ByteDance’s Douyin have stolen away shoppers and its cloud unit lost marquee international customer TikTok. As the largest Chinese company listed in New York, its future is doubly uncertain. Ryan McMorrow

2. AT&T

Sector: telecoms / HQ: Dallas, us


-38%


change in market value


$176bn


end-2021 market value

With the announcement that it would spin off WarnerMedia and merge it with rival Discovery, AT&T conceded defeat on its high stakes Hollywood gamble. Slashing the dividend by almost 50 per cent sent its stock sinking. While exiting its costly media foray is welcomed by investors, the damage will take longer to undo. AT&T’s $80bn acquisition of Warner left the company saddled in debt, restricting its ability to invest in its core business: telecoms. Anna Nicolaou

3. Ping An

Sector: insurance / HQ: Shenzhen, China


-41%


change in market value


$138bn


end-2021 market value

The Chinese insurance group reported its first annual fall in net profits for more than a decade in 2020. Despite a rebound in profits in the first quarter of this year, it suffered from its exposure to indebted developer China Fortune Land Development, which defaulted on $530m of dollar-denominated debt in March. The group’s share price was later affected by the crisis surrounding real estate developer China Evergrande and fears of contagion to the wider Chinese economy. William Langley in Hong Kong

4. Royal Dutch Shell

Sector: OIL AND GAS / HQ: The Hague, NETHERLANDS


-32%


change in market value


$157bn


end-2021 market value

The Anglo-Dutch supermajor has struggled to fully recover from a devastating 2020 when Covid restrictions crushed crude demand, sending its shares to lows not seen since the 1990s. Oil prices have rebounded and with them profits, dividends and buybacks. But green headwinds have become stronger and a new strategy for the energy transition is yet to convince investors. With an activist shareholder pushing for a break-up, a Dutch court ruling to comply with and a possible leadership transition to manage, the months ahead will be challenging. Tom Wilson in London

5. The Boeing Company

Sector: aerospace / HQ: Chicago, US


-35%


change in market value


$118bn


end-2021 market value

Last year Boeing was still struggling from the fallout of two fatal crashes of the 737 Max when the pandemic crushed customers’ demand for aircraft. With governments restricting travel, airlines slashed flying schedules, parked jets and deferred orders for new ones. The aerospace manufacturer has also been hampered by production problems with the 787 Dreamliner that have prevented it from delivering the wide-body for most of the last year. Claire Bushey in Chicago

6. Anheuser-Busch InBev

Sector: BREWERS / HQ: Leuven, Belgium


-36%


change in market value


$103bn


end-2021 market value

The pandemic took the fizz out of drinks sales as lockdowns cut sharply into high-margin revenue at bars and restaurants. Shares in the world’s largest brewer suffered more than rivals Carlsberg and Heineken after it scrapped its interim dividend two years running and reduced its full-year payout. Investors have been worried about the group’s $83bn debt pile dating from its 2016 acquisition of SABMiller. But third-quarter sales surged past pre-pandemic levels and new chief executive Michel Doukeris has pledged a renewed focus on consumers. Judith Evans in London

7. Citigroup

Sector: bankS / HQ: new york, us


-31%


change in market value


$120bn


end-2021 market value

In her first earnings call as chief in April, Jane Fraser announced Citigroup was putting most of its Asia consumer business up for sale — which investors took as a sign it was applying a new sense of urgency to closing its longstanding profitability gap with megabank peers. But progress is slower than many would like. So far, the bank has only successfully exited three out of the 13 markets it highlighted and has booked more than $2bn in losses throughout the process. Imani Moise in New York

8. Intel

Sector: SEMICONDUCTORS / HQ: Santa Clara, us


-20%


change in market value


$209bn


end-2021 market value

Most chip companies have thrived as the pandemic stoked demand for all things digital. Not Intel. The arrival of a new chief raised hopes that the once impregnable semiconductor company would get back to competing with TSMC at the leading edge of advanced chip manufacturing. But with the chip industry’s long investment cycles, and with AMD eating into Intel’s PC and server markets, all investors can see ahead is heavier spending, with no recovery yet in sight. Richard Waters

9. China Mobile

Sector: TELECOMS / HQ: Beijing, china


-29%


change in market value


$123bn


end-2021 market value

US sanctions rolled out in 2020 by then US president Donald Trump against companies deemed to have links to the Chinese military hit China Mobile hard. The company’s share price jumped in January after the New York Stock Exchange backtracked twice on plans to delist the company to comply with the sanctions, leading to an appeal from China Mobile and two other telecoms companies. But they tumbled again when the appeal was rejected in May. William Langley

10. Industrial and Commercial Bank of China

Sector: BANKS / HQ: BEIJING, CHINA


-17%


change in market value


$245bn


end-2021 market value

The bank, one of China’s largest, had a better year in 2021 than it did in 2020. However, the role played by state lenders in supporting the Chinese economy in the early days of the pandemic, followed by exposure to failing distressed debt investor Huarong and China’s property sector dragged down their share prices. The string of difficulties took the shine off its proposed joint wealth management company with Goldman Sachs Asset Management, which won Chinese regulatory approval in May. William Langley

11. Itaú

Sector: banks / HQ: sao paulo, brazil


-58%


change in market value


$35bn


end-2021 market value

Brazilian banks profit even in bad times, so goes the saying — and Itaú was never an exception. At the height of the pandemic last year, Brazil’s largest lender reported R$19bn ($3.3bn) net profit. But the pandemic also accelerated structural changes that now threaten the longstanding dominance of traditional lenders. More and more customers are switching to fintechs or neobanks, such as Nubank, which offer much easier access to digital products and services. For banking analysts, the “age of competition” has finally arrived in Brazil. Bryan Harris in São Paulo

12. China Construction Bank

Sector: BANKS / HQ: BEIJING, CHINA


-19%


change in market value


$175bn


end-2021 market value

Chinese banks were enlisted to help extend cheap loans to struggling businesses during the early days of the pandemic, hitting their profits in 2020. Shares in China Construction Bank, like many other domestic rivals, were later hit by concerns over the health of the country’s banking sector after Huarong, the country’s largest distressed debt investor, delayed the release of its financial results in April. This led to fears that Beijing would allow a large state-backed institution to default. William Langley

13. Banco Bradesco

Sector: BANKS / HQ: SAO PAULO, BRAZIL


-56%


change in market value


$31bn


end-2021 market value

Like rival Itaú, Banco Bradesco’s performance was solid during the height of the pandemic, with the lender reporting R$16.5bn ($2.9bn) in net profits in 2020. But also like Itaú, the group has a new breed of digital banks snapping at its heels. Bradesco is considered particularly susceptible because its technology has often lagged that of its main competitors. Rising default rates and historically low interest rates in the first half of the year also hurt the bottom lines of Brazilian banks. Bryan Harris

14. BP

Sector: OIL AND GAS / HQ: london, UK


-30%


change in market value


$88bn


end-2021 market value

Chief executive Bernard Looney, who took the helm at BP just as the world was shutting down in February 2020, has had a bruising pandemic. First, the oil price collapsed. Then, days after outlining plans to invest heavily in clean energy, the stock fell to a 25-year low. Earnings rebounded this year thanks to rising commodity prices, but exclusion from the COP26 climate summit showed that neither politicians nor investors are quite ready to back Looney’s green vision for BP’s future. Tom Wilson

15. Merck

Sector: PHARMA / HQ: KENILWORTH, us


-16%


change in market value


$194bn


end-2021 market value

Merck faces a growth challenge because of the loss of exclusivity on its multibillion-dollar cancer drug Keytruda towards the end of the decade. It also lost the race to develop a Covid vaccine, and its much-touted antiviral treatment, molnupiravir, has failed to live up to its early promise. The company is chasing mergers and acquisitions to overcome the looming Keytruda patent cliff, and in November spent $11.5bn on Acceleron Pharma, a biotech company that develops therapies for rare disease. More deals are likely in 2022. Jamie Smyth

16. HSBC

Sector: BANKS / HQ: LONDON, uk


-23%


change in market value


$122bn


end-2021 market value

HSBC executives are fond of the quip that it is “the biggest international bank in China, as well as the most international Chinese bank”. Unfortunately, it has not been a good time to be either. HSBC’s shares have plunged 24 per cent since the start of 2020 as it has struggled to navigate US-China geopolitical tensions, Beijing’s crackdown on Hong Kong and questions over London’s future post-Brexit. Its $3tn balance sheet has also suffered disproportionately from years of ultra-low global interest rates. Stephen Morris in London

17. Wells Fargo

Sector: BANKS / HQ: SAN FRANCISCO, US


-16%


change in market value


$191bn


end-2021 market value

Wells Fargo hoped for a fresh start after years of scandals when it appointed Charlie Scharf as chief executive in late 2019, but turnround efforts took a back seat once the pandemic hit. Now, Wells looks poised to bounce back. Although Scharf’s strategy of cutting costs and investing in areas where the third-largest US bank punches below its weight is hardly novel, his blunt commentary about Wells’ shortcomings gives credibility to its comeback story. Imani Moise

18. ExxonMobil

Sector: OIL AND GAS / HQ: IRVING, US


-12%


change in market value


$259bn


end-2021 market value

The 2020 pandemic-induced oil crash exposed huge problems at heavily indebted ExxonMobil, the US’s biggest oil company, which by the end of the year had recorded its first annual loss, slashed planned spending and been ditched from the Dow index. In 2021, activist hedge fund Engine No 1 defeated Exxon’s management in a proxy shareholder war, installing three board directors with a mission to revamp the supermajor’s energy transition strategy. Exxon announced several low-carbon initiatives. Its shares regained value as oil prices recovered. Derek Brower in New York

19. Verizon Communications

Sector: TELECOMS / HQ: NEW YORK, US


-14%


change in market value


$218bn


end-2021 market value

The US telecoms sector has been in a price war for several years. In 2021, AT&T upped the ante with its “free phones for all” campaign, offering discounts even for existing customers, forcing rival Verizon to broaden its own offers. For decades, the group has held the best network in the US. But rival T-Mobile is increasingly viewed as offering superior 5G, further undercutting investor sentiment. Anna Nicolaou

20. China Evergrande Group

Sector: PROPERTY / HQ: Shenzhen, china


-93%


change in market value


$3bn


end-2021 market value

Some companies default suddenly. Others prefer to do it gradually. In August, the world’s most indebted real estate developer, China Evergrande, warned about stalled projects. But no official confirmation came in September, when angry retail investors descended on its headquarters and the group failed to pay international bondholders. No confirmation came in November, when Chinese high-yield bond markets endured their worst period since the financial crisis. At last, in December, rating agency Fitch declared a default. Evergrande declined to comment. Thomas Hale in Hong Kong

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1. China Evergrande New Energy Vehicle Group

Sector: AUTOMOTIVE / HQ: GUANGZHOU, CHINA


+$78bn


Jan 1 2020 to peak


-94%


decline from peak

Shares in Evergrande New Energy Vehicle Group took off at the start of 2021 after tycoons in the territory bought into a share placement, taking its market valuation to $63bn, eclipsing that of Ford without selling a single vehicle. The shares have since collapsed and the company, now worth just $4bn, is being closely watched by international investors in its indebted parent who believe they may have recourse to it as part of a restructuring process. Thomas Hale

2. Alibaba Health Information Technology

Sector: HEALTHCARE / HQ: HONG KONG


+$38bn


Jan 1 2020 to peak


-78%


decline from peak

The fortunes of Chinese ecommerce giant Alibaba’s healthcare arm have slid this year alongside those of its parent, as the group’s founder Jack Ma found himself in political trouble and Chinese authorities ramped up their scrutiny of Alibaba’s businesses. AliHealth’s online medical services have also lost some steam as the pandemic died down in China, and it swung to a loss in its latest half-year results to the end of September. Ryan McMorrow

3. Peloton

Sector: LEISURE PRODUCTS / HQ: NEW YORK, US


+$41bn


Jan 1 2020 to peak


-76%


decline from peak

Peloton’s initial public offering a few months before the pandemic was perfectly timed for investors: once the world locked down, home fitness boomed. The company’s value soared from $8bn to almost $50bn before the narrative cycled off-track in 2021. Waiting lists stretched to months as it struggled to build bikes. Executives botched a response to demands for a safety recall for its $4,295 bike. And the brand became the butt of jokes on the Sex and the City reboot. Patrick McGee

4. Pinduoduo

Sector: Sector: ecommerce / HQ: SHANGHAI, CHINA


+$201bn


Jan 1 2020 to peak


-71%


decline from peak

The young Chinese ecommerce group traded blistering growth for profitability this year — but rather than reinvesting those earnings or passing them to shareholders, it is donating much of the money to charity to get in the Communist party’s good books. China’s entire tech sector has been buffeted by a regulatory crackdown this year, and as the country’s shiniest start-up — listed only in geopolitical arch-rival the US, Pinduoduo’s fortunes have fallen fast. Ryan McMorrow

5. Bilibili

Sector: INTERACTIVE HOME ENTERTAINMENT / HQ: SHANGHAI, CHINA


+$47bn


Jan 1 2020 to peak


-67%


decline from peak

China’s Bilibili became a pandemic darling as users swarmed into its online world of video games, anime, livestreams and videos. But the Communist party’s tech crackdown has taken some of the wind out of its sails. Underage gamers, for instance, have had their online time cut to just three hours a week. Regulators have come to damp the fun for its livestreamers too, and revenue growth has ticked down as its losses accumulate. Ryan McMorrow

6. Zoom Video

Sector: APPLICATION SOFTWARE / HQ: SAN JOSE, US


+$143bn


Jan 1 2020 to peak


-66%


decline from peak

The company that became synonymous with working from home during the pandemic is facing a tougher second act. Its once-stratospheric growth is projected to fall below 20 per cent next year as the flow of new customers ebbs and many of the small businesses that signed up month-by-month during the crisis abandon the service. Wall Street still has high hopes that Zoom will break into new markets such as voice calling, but that will take time. Richard Waters

7. Pinterest

Sector: INTERNET / HQ: SAN FRANCISCO, US


+$46bn


Jan 1 2020 to peak


-58%


decline from peak

After a robust 2020, the wholesome social media site reported bumper revenues this year but struggled to pin down new users as the world began to reopen and competition rose from deep-pocketed rivals such as Meta and TikTok. The company’s shares enjoyed a brief uptick in October following reports of a potential takeover by PayPal but resumed their slide after the payments group said it was not pursuing a deal. Hannah Murphy

8. Baidu

Sector: internet / HQ: Beijing, CHINA


+$68bn


Jan 1 2020 to peak


-55%


decline from peak

China’s perennially underperforming tech giant disappointed investors again in 2021, despite starting the year with much hype for its rollout of an electric vehicle fitted with its autonomous driving technology. Progress on the EV project has been slow, while the company’s video unit iQiyi faces huge challenges including an investigation by the Securities and Exchange Commission in the US. The company has not been helped by the Chinese government’s sweeping crackdown on the tech sector. Ryan McMorrow

9. SoftBank

Sector: telecoms / HQ: Tokyo, Japan


+$91bn


Jan 1 2020 to peak


-55%


decline from peak

By November, Masayoshi Son was using blizzard images to describe the status of a directionless SoftBank near the end of a grim year. The conglomerate’s giant bets on China tech were hit by politics, the $40bn sale of Arm to Nvidia was hit by US regulators and the flagship Vision Fund reported large losses. SoftBank has always depended on investor faith in the risk-hungry genius of Son; he is famous for big comeback surprises, but in 2021 believers were not rewarded. Leo Lewis in Tokyo

10. Roku

Sector: MEDIA / HQ: SAN JOSE, US


+$47bn


Jan 1 2020 to peak


-52%


decline from peak

Roku had a standout year in 2020 when millions joined the television streaming platform. But as pandemic restrictions ease, streaming hours are down and account growth is at its slowest in two years — hitting the prospects of the advertising business that accounts for four-fifths of revenue. In response, the company plans to create 50 new shows in two years. Costs will be high, but so will margins: Roku takes 100 per cent of ad revenue on its own content. Patrick McGee

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1. ConocoPhillips

Sector: OIL AND GAS / HQ: Houston, US


-$47bn


Jan 1 2020 to trough


288%


increase from trough

The biggest independent oil producer in the US hunkered down and idled production as the crude price crash of 2020 ravaged the industry. Then prices surged and Conoco moved to take advantage, snapping up rival US producer Concho Resources and Shell’s shale assets to build a commanding position in Texas and New Mexico’s prolific Permian Basin. Investors liked the new scale, but also Conoco’s resumption of share buybacks, rising dividend and focus on capital discipline. Derek Brower

2. Reliance Industries

SECTOR: INDUSTRIAL CONGLOMERATE / HQ: MUMBAI, INDIA


-$57bn


Jan 1 2020 to trough


195%


increase from trough

Reliance chair and India’s richest man Mukesh Ambani is fond of big targets, and 2021 has been about trying to meet them. After raising billions a year earlier from investors such as Facebook and Google, the energy-to-telecoms conglomerate’s plans to launch a low-cost smartphone and take on Amazon in ecommerce have had limited success. But Reliance’s share price has been boosted by a rebound in demand for oil products, which remain its core business. Benjamin Parkin in New Delhi

3. Siemens

Sector: industrials / HQ: munich, Germany


-$55bn


Jan 1 2020 to trough


164%


increase from trough

Under new management after longstanding boss Joe Kaeser dismantled Germany’s largest conglomerate, a more agile Siemens has benefited from government and central bank responses to the pandemic. Flush with cash, Siemens’ clients, which include the world’s biggest chemicals and pharmaceutical companies, have been racing to procure its factory management services as they struggle to meet demand. Customers of its train-building unit have been increasing their investments in greener infrastructure too. Joe Miller

4. BNP Paribas

Sector: BANKS / HQ: Paris, France


-$42bn


Jan 1 2020 to trough


155%


increase from trough

When companies cancelled dividends at the onset of the pandemic, it caused an ugly blip for BNP Paribas, with losses on complex derivatives products in its equities division. But it has emerged as one of the strongest lenders of the health crisis, and stole a march on hesitant rivals in debt underwriting across Europe. BNP hopes that drive will help it win new corporate clients, and its earnings have rebounded this year thanks to a stronger equities performance. Sarah White in Paris

5. Schlumberger

Sector: energy services / HQ: Houston, US


-$39bn


Jan 1 2020 to trough


151%


increase from trough

The crude price plunge of 2020 and deep capital spending cuts by oil producers delivered a savage blow to the world’s oilfield services sector. Shares in Schlumberger, the biggest of them, fell more than 70 per cent as the pandemic hit. US shale patch bankruptcies hurt its customer base, and Schlumberger sold its North American fracking unit. The recovery since then in oil prices and drilling activity — especially internationally — has boosted revenue, cash flows and share prices. Derek Brower

6. Rosneft

Sector: oil and Gas / HQ: moscow, Russia


-$47bn


Jan 1 2020 to trough


151%


increase from trough

Russia’s top oil producer, responsible for 40 per cent of the country’s crude output, had a rough time at the start of the pandemic. Between January and early March 2020, it lost $47bn in market capitalisation as its share price halved following a collapse in global oil prices. The subsequent oil price recovery, along with a weakening rouble that boosted export revenues, more than doubled Rosneft’s share price from its pandemic low to the end of 2021, despite reduced oil production. Nastassia Astrasheuskaya in Moscow

7. Volkswagen

Sector: automotive / HQ: Wolfsburg, Germany


-$48bn


Jan 1 2020 to trough


146%


increase from trough

Anyone paying attention to the dispute between unions and bosses at Volkswagen’s headquarters over the past few weeks could be forgiven for thinking the German carmaker was on its uppers. But behind the scenes, the world’s second-largest auto manufacturer has benefited from the semiconductor shortage, which has allowed it to prioritise the production of high-end, and more profitable, Porsche and Audi models. Soaring used-car prices have also driven profits at VW’s financing arm to a record high. Joe Miller

8. Petrobras

Sector: OIL AND GAS / HQ: RIO DE JANEIRO, BRAZIL


-$75bn


Jan 1 2020 to trough


145%


increase from trough

The future of Petrobras looked bleak after the pandemic-induced oil market crash of 2020 and Brazilian president Jair Bolsonaro’s move last February to replace the company’s University of Chicago-educated chief with a reserve army general with no experience in oil and gas. Since then, however, the state-controlled group’s focus on exports has paid dividends as oil prices have surged. And the general, Joaquim Silva e Luna, has proved a steady pair of hands. Bryan Harris

9. Airbus

Sector: aerospace / HQ: Leiden, Netherlands


-$75bn


Jan 1 2020 to trough

The pandemic plunged Europe’s flagship aircraft maker into crisis. The collapse in air travel forced it to cut jobs and slash production rates as airlines cancelled and deferred orders. In January 2020, its shares were trading close to €140. By April that year, they were below €50.


141%


increase from trough

They have since recovered as travel has bounced back and amid signs that airlines are clamouring for new planes again. Airbus looks on course to retain its title as the world’s biggest plane maker in terms of aircraft built and delivered over US rival Boeing. Sylvia Pfeifer in London

10. Gazprom

Sector: Gas / HQ: St Petersburg, Russia


-$50bn


Jan 1 2020 to trough

The first two years of the pandemic have been polar opposites for Russia’s gas giant Gazprom, one of Europe’s main suppliers. Its share price first lost a third, then doubled and hit a record.


137%


share price rise from a 2020 low to a new historic high in Oct 2021

The 2020 drop reflected historic lows for European gas prices and company profits, after demand collapsed. A year later, a gas supply crunch and falls in renewable energy generation sent European gas prices — and Gazprom’s earnings — to all-time highs, with forecasts of a further bonanza. Nastassia Astrasheuskaya

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2021: A Year Of Memories – 12/31/21 https://goodbyepertbreasts.com/2021-a-year-of-memories-12-31-21/ Mon, 03 Jan 2022 09:05:32 +0000 https://goodbyepertbreasts.com/?p=1888 A History And Celebration Of The Greater Greenbrier COVID-19 Task Force EDITOR’S NOTE: This story originally appeared in The West Virginia Daily News on August 2, 2021. COVID-19 has had such a tremendous impact on our world that not a single one of us remain untouched by it. This story, as expertly written by Lyra […]]]>

A History And Celebration Of The Greater Greenbrier COVID-19 Task Force

EDITOR’S NOTE: This story originally appeared in The West Virginia Daily News on August 2, 2021. COVID-19 has had such a tremendous impact on our world that not a single one of us remain untouched by it. This story, as expertly written by Lyra Bordelon, provides an in-depth look into the character and heart of those heroes in our community who created the Greater Greenbrier COVID-19 Taskforce. We owe them all a debt of thanks, and I couldn’t be more proud of Lyra for telling this story.

– Matthew Young

The model-setting Greater Greenbrier COVID-19 Task Force gathered in person, in celebration of the hundreds of volunteers and hours put in by the Greenbrier Valley community.

The Task Force and the many volunteers who aid it have guided the Greenbrier Valley through the COVID-19 pandemic, keeping every organization in the loop with the latest news, transmission figures, coordination efforts, grant information, CARES and American Rescue Plan information, food drives, tutoring services, and whatever the community might need. On Wednesday, July 28, a volunteer celebration was held at The Clingman Center of Montwell Park in Lewisburg.

Senate Minority Leader Stephen Baldwin, who chairs and is a founder of the Task Force, kicked things off with an opening statement.

“Good evening! What a joy it is to see y’all here tonight,” said Baldwin. “Thank you for coming! On behalf of a grateful community, thank you for all you’ve done since March 2020 to protect public health in the Greenbrier Valley!” said Baldwin during opening statements. “[The 532 volunteers who helped with pandemic response in the Greenbrier Valley] have done so much together over the last 502 days, and we have so much more work ahead of us. But we pause tonight, while we can, to share our gratitude and catch our breath. And we would be remiss if we did not begin by remembering the 65 precious lives taken by COVID in Greenbrier County and the 2,939 lives across West Virginia taken during the pandemic.”

The goal was to honor the ample work of the volunteers throughout the Greenbrier Valley during the COVID-19 pandemic. Encouraging more of Greenbrier Valley to get involved, Keynote Speaker Tom Crabtree said “community exists because of volunteers” and “you are the someone you can help.”

The theme of the Wednesday night celebration was “TEAM” – “Together Everyone Achieves More,” something the history of the organization highlights.

“This snapshot in time shows the special nature of this area, when disaster strikes people not only rush to take care of their community, they rush to collaborate and work together,” said GGLTRC Board member Julian Levine on Wednesday. “This rush to collaboration is special, and it isn’t the norm everywhere. It’s something that makes me proud to be from the Greenbrier Valley, and proud to serve this community.”

In early March 2020, representatives from organizations across the region gathered at the West Virginia School of Osteopathic Medicine (WVSOM) to offer a preliminary response plan if the coronavirus broke out in Greenbrier County and offered advice for the public to monitor their own health. This meeting, packed with over 100 people, would be the last large gathering that many would attend until 2021 brought vaccination clinics, and helped form the backbone of the Task Force.

“We have been synthesizing information, … trying to decide what we’re going to do as a county,” said Greenbrier County Schools Head Nurse Paula McCoy during the meeting. “We are most concerned with our students and with their families. … Other factors, such as working parents who rely on schools to watch their children as they go to work and potential familial exposure, are also being considered by the Board of Education. We are very aware too of our grandfamilies. … [About] 70 percent of grandparents have at least some responsibilities, and many of them full responsibility, for raising their grandchildren and, as we know, that’s the high-risk group that could have a negative effect if they caught the coronavirus [Covid-19]. We’re considering all of those things as we put our plan together.”

Instead of individual organizations deciphering announcements from the state and federal governments on their own, the Greenbrier Valley came together into one organization – the Greater Greenbrier COVID-19 Task Force.

A few days later on March 17, Baldwin and Kayla McCoy, then the Greater Greenbrier Long Term Recovery Committee Executive Director, called a smaller, socially-distanced press conference.

“Kayla and I are here on behalf of the Greater Greenbrier COVID-19 Task Force,” Baldwin explained in March 2020. “After the June 2016 floods, it was our time and the community came together to make sure everybody was working together, and brought everyone to the table. That’s when the Greater Greenbrier Long Term Recovery Committee was formed and we wanted to try to translate that same idea, which has been successful … to this response. We’re not in the middle of a natural disaster, … but in some ways, I think, this public health crisis is similar to that. … We’re meeting every other day by conference call to try and coordinate all the efforts going on in the area. … The reason we’re here today is that folks are starting to ask how they can help. … Bottom line is we don’t need volunteers right now, but we think we’re going to be in a position pretty soon where we probably will need volunteers.”

The prediction was also accurate – in-person classes were suspended for local students and the first project was coordinating volunteers needed to get meals to the hundreds of kids now not coming to school. The Greenbrier County Commission declared a state of emergency, following the state-level declaration.

In March 2020, Kayla McCoy was coordinating these efforts, and spoke to The West Virginia Daily News between questions from community volunteers, teachers and other employees of Greenbrier County Schools, and the West Virginia National Guard in the cafeteria of Greenbrier East High School.

“We’ve had to get creative with what we serve – the milk truck crashed on I-64 on its way here, so we only had … about 12 milk cartons worth of the individual milk, so some of the dairies [are] yogurt, cheese sticks. We’re just doing what we can to get it out the door. The plans also include a special delivery currently planned for Wednesday, which should provide enough food through the following Sunday. On Wednesday, when we send out the multipack, we’re going to be looking at things like sending a pack of PopTarts, a whole box. Sending like five things of cereal. We may have an executive pastry chef coming to make a bunch of pepperoni rolls … because we’ve got pepperoni, we’ve got cheese, we’ve got flour.”

After a few weeks, Greenbrier County Schools was able to hire a contractor to provide more systematically prepared meals. At the same time, the Task Force tackled the lack of personal protective equipment, which was still hard to find in the early days of the pandemic.

“Bee Kind was a small yet significant response project funded by Volunteer WV and led by our CRCH Program and Outreach Coordinator, Joyce Martin,” said Courtney Hereford, Director of the WVSOM Center for Rural and Community Health. “WVSOM and community volunteers united to sew over 250 fun youth masks and instructional packets to deliver the ‘Be Safe, Be Healthy, Be Happy, and Be Kind’ training. Approximately 250 youth were served … from September to October, though masks and training materials continue to be circulated through youth outreach events. What touched me was the importance of teaching our youth that protecting our peers, families, and communities are acts of kindness; public health response (and prevention) is an act of kindness.”

During the early days of the pandemic, the Task Force used the Clingman Center as a base of operations.

“[We received a] $75,000 dollar COVID-19 response grant through the Claude Worthington Benedum Foundation to coordinate local response to get more ready-to-eat meals to families and seniors affected by the pandemic,” Levine said, this time as Executive Director of the Greenbrier County Health Alliance. “GCHA coordinated with amazing partners … to put more meals, created from as much local food as possible, into the hands of seniors and vulnerable folks who were asked to quarantine to protect their own safety and that of the community. Thousands of meals were provided through these organization’s network of volunteers, they also provided critical weekly, safely distanced connections to isolated seniors.”

The pandemic became real for many locally after an outbreak at the Graystone Baptist Church in Ronceverte in early June 2020. Dr. Bridgett Morrison of the Greenbrier County Health Department explained at the time, saying “we’ve had 28 total [new] cases … since last Thursday, which all seem to be associated with the outbreak. Once we were told of the first positive, [we] started doing contact tracing and getting the church’s roster and encouraging testing. … We have some [cases] that are completely asymptotic. We have quite a few of them that have mild to moderate symptoms. There is one that is hospitalized. … We’ve been very blessed with this outbreak so far, but obviously we’re still in it, so we have to continue to watch and monitor community spread.” Expanded free testing was offered at Dorie Miller Park that weekend.

The State Fair of West Virginia was not held for the first time in nearly a decade, with Executive Director Kelly Tuckwiller-Collins explaining that when the fair bird “when we first discussed moving forward with the 2020 State Fair, we knew it was a fluid situation that could change quickly. Unfortunately, the number of COVID-19 cases surged only hours after our initial announcement. After speaking with local and state health officials as well as community members, it was a hard decision, but the right decision to cancel.”

The Task Force and Jennifer Mason of the nonprofit Feeding Seniors, Saving Businesses, continued forward, coordinating food supplies and education assistance as the pandemic raged on. In June 2020, Mason called for assistance in refilling the food pantries, explaining that approximately 360 families were using the five food banks, many for the first time, having lost their job or income as a result of the pandemic.

“You see how they’re just spent – that’s the only way to say it, they just look spent,” said Mason. “They don’t know what to do and it’s hard for them because they’ve never had to accept help. These are hard working people and they just need our help. … I know our community, especially Alderson, has been hit with these floods so recently and I hate to ask people to do any more, but even if every family just gave one, can we’d be better off.”

In October 2020, Mason, alongside Dinsmore & Shohl, the law firm she is a part of, created a tutoring service and more Wi-Fi accessible locations for the students that were severely impacted by the remote learning in place due to the pandemic. During later review sessions, each Greenbrier County school saw massively increased rates of failed classes or reduced grades during the remote learning year during this time period. Superintendent of Schools Jeff Bryant later said the schools and the staff had “risen above. It validates how important a teacher in a classroom is.”

November and December were the height of the pandemic for Greenbrier County, with several City Halls, businesses, Greenbrier County schools, and more opened and closed multiple times as workers and students were exposed. Several iconic members of the community were lost, including long-time first responder Gary “Peanut” Bland and 2016 flood recovery expert Pat Church in Rainelle. Even the first-degree murder trial of 2017 Dorie Miller Park shooting suspect Edward Smith-Allen was pushed back in the Greenbrier County Circuit Court due to the risk of exposure.

As both the pandemic and 2020 election raged on, Seneca Health Services began to expand their program. Their crisis line saw a 140 percent increase in calls and the staff saw an uptick in mental health issues, such as depression, fear, hopelessness, and increased risk for substance abuse. Marcie Vaughan, president and CEO of Seneca Health Services, “both COVID and the election are very emotionally charged. It’s almost like a heightened state of anxiety for individuals because they’re attached to what their own personal belief is. The key is moderation. Limit the amount of time that is engaged in those activities and have that off switch so they can engage in healthier behaviors, like exercise or sleep.”

As of December 17, 2020, the Greenbrier County Health Department reported 685 confirmed COVID-19 cases, 26 in the hospital, and 25 deaths. However, that month also saw the first signs of light at the end of the tunnel – the first doses of the COVID-19 vaccine.

“I got it – it was elating and overwhelming and I can’t help but say it was a little bit tearful,” Morrison told the Mountain Messenger. “As exhausted as we are from the health department side, and I work at the hospital too, as tired as we all are, the healthcare workers, it was elating to get it, to have it, to get it administered, and that hope of eventually quiet this pandemic and literally put the pandemic behind us. … It’s always been here [in Greenbrier County] but it’s even more prevalent now – please buckle down, wear your masks, social distance, be extremely cautious over Christmas, and that’s one way you can help your healthcare providers in your community.”

By March 2021, vaccination had expanded, and transportation to get older West Virginians vaccinated was a high priority – Mason explained “there are some Greenbrier County residents [that] need help with either transporting people to the fairgrounds or there are some people who are homebound [that need help]. We’re working on a solution on how to get the vaccines to them.”

The county’s middle and high schools returned to a five-day-a-week schedule beginning March 1, per guidance from the West Virginia Department of Education. Board President Jeanie Wyatt said “I’m very proud of what all of our schools have gone through in the last year. We can see some failures going on, but hopefully with getting back we can take care of all of that and get our kids on the right track.”

Soon after, as vaccination accessibility expanded, the focus, size, and scope of the clinics also expanded, and moved to the State Fairgrounds. By April 2021, Morrison told the Mountain Messenger “we are well over 20,000 [people in Greenbrier County vaccinated with a first shot]. That’s not just what the health department has done, that’s all of our partnered community members. … We have vaccinated anywhere between 800 and 1,300 people during [each of] these vaccination clinics.”

Because of all of this, the Task Force became a model that was imitated by counties and areas across the state. It was also awarded several times over, including once as the 2020 Lewisburg Volunteer of the Year, which was read during Wednesday’s celebration.

“I, Beverly White, Mayor of the City of Lewisburg, by the authority vested in me, do hereby recognize the Greater Greenbrier Covid-19 Task Force as the Volunteer of the Year for the year 2020,” reads the proclamation. “… The City of Lewisburg is fortunate to have citizens who actively volunteer their time and effort in our community, especially in times of need, and … sometimes the services these volunteers provide are not highly visible but greatly enhance the quality of life in our community. … The Greater Greenbrier Covid-19 Task force has been monitoring the pandemic very closely since it was announced and has been collecting and disseminating information to help citizens of the Greater Greenbrier area during the pandemic, and … provided guidance and community outreach strategies to communities throughout the Greater Greenbrier area, [and] have helped Identify resources derived from the Coronavirus Aid, Relief, and Economic Security (CARES) Act, such as unemployment benefits, loans, business assistance, etc.”

These efforts were the central reason for the celebration, and Baldwin noted it was one of the first times since March 2020 that everyone was together in person. A candle was also lit for the lives lost and destroyed by COVID-19. The speakers included Baldwin, Mason, Levine, Bryant, Morrison, Hereford, Drema Mace-Hill, WVSOM President James Nemitz, State Fair of West Virginia Executive Director Kelly Tuckwiller Collins, Jeff Campbell, and the Keynote Speaker Tom Crabtree.

“About 25 years ago, my wife and I visited the Greenbrier Valley for the first time,” said Crabtree. “We stayed at The Greenbrier and loved it. We returned here many times over the next 10 years or so, and each time I would drive through White Sulphur Springs, I would shake my head and look at the abandoned storefronts on Main Street. [I would] sigh out loud, [and say] ‘somebody ought to do something in this town.’ One year, when I sighed out loud, my wife Lisa responded ‘you’re somebody, why don’t you do something in this town.’ I had to admit she was right. A few months later we opened 50 East and 15 new apartments.”

“Ten years later, a great flood inundated the Greenbrier Valley. I arrived in town the next day and toured the devastation with a friend. I caught myself mumbling, ‘oh my gosh, somebody needs to help re-build this town.’ I had to admit to myself that I am somebody.”

Crabtree ended by emphasizing that each member of the community can do something to help make life better.

“The manifestation of the spirit for the common good. What a powerful thing it is. … The reality is that volunteerism isn’t just important to our community, it is what makes us a community. It is what makes each of us somebody.”

The celebration bought a number of willing volunteers from other organizations – Hill and Holler, The Asylum, The Local, and Amy’s Cakes and Cones each donated refreshments, Greenbrier East High School’s (GEHS) Future Health Professionals (HOSA) help set up, while GEHS’s Second Block Rock performed, Greenbrier Printing and The Greenbrier donated banners and a sign, and WVSOM’s Clingman Center served as the venue.

“For 17 months now, the COVID Task Force has been meeting virtually. That’s one reason it’s so exciting to see you in person here today!” Baldwin said on Wednesday. “Being part of this task force has been one of the honors of my life, because it’s filled with such good people who all share the same simple goal–protecting public health together. No one requires us to meet. No one is mandated to be there. We are a volunteer group from all professions that chooses to work together for the good of the community. Basically, we were the umbrella group that coordinated specific efforts, and it’s been a beautiful thing! … We also thank the members of the media who worked diligently to help us spread news regularly via various mediums to ensure the people know what’s going on. … Last but not least, we want to recognize the lady who made tonight possible, who coordinated so many projects over the last year, who is the most organized leader any of us has ever seen…thank you Jennifer Mason for your thoughtful leadership!”

Lead by Baldwin, the Task Force is comprised of members from the following organizations:

– the Greenbrier County Health Department, Greenbrier County Board of Education, Communities in Schools, United Way 2-1-1, Access to Education/Dinsmore.

– the Greenbrier County Health Department, Rainelle Medical Center, Greenbrier Valley Medical Center, Robert C. Byrd Clinic.

– the Feeding Seniors/Saving Businesses Bimbo Coles & Company Program, the Committee on Aging, Lewisburg/Fairlea Food Locker, the Greater Greenbrier Long-Term Recovery Committee.

– the Greenbrier County Commission, City of Lewisburg, City of Ronceverte, City of Alderson.

– Former local delegates Cindy Lavender-Bowe and Jeff Campbell.

– Homeland Security & Emergency Management, Lewisburg Fire Department.

– the West Virginia School of Osteopathic Medicine, WVSOM Center for Rural & Community Health.

– Seneca Mental Health, High Rocks & the Hub, Family Resource Network and the Family Refuge Center.

“I also want to recognize several subgroups of the task force who worked on specific projects–Community Resource Guide (Cindy Lavender Bowe & Lisa Snedegar), Mask Messaging (Julian Levine & Kayla McCoy), Broadband, & Vaccination Clinics (Dr. Morrison & the Health Department),” Baldwin said.

Local organizations also contributed in various ways, including The Hub, Communities in Schools, State Fair of West Virginia, United Way of Greenbrier Valley, Greenbrier Valley Airport, Meadow River Valley Association, Aviagen, The Greenbrier, The Greenbrier Clinic, Greenbrier Physicians, Gateway Industries, Greenbrier CVB, Open Doors, Old Stone Presbyterian Church, and Greenbrier Valley Community Foundation.

Although not on the Task Force itself, Mason also acknowledged the efforts of Gateway Industries and Wellspring of Greenbrier for providing meals and helping with vaccine clinics.

The Greenbrier County Health Alliance also thanked more local organizations for help with stocking food pantries and feeding volunteers, such as Wellspring of Greenbrier, Greenbrier County Committee on Aging, Fruits of Labor, Marvel Center, WVU Extension, Western Greenbrier Farmer’s Market, First Baptist Church of Quinwood, First Baptist Church of Rainelle, Renick Community Center.

“The thing I love about this community more than anything else is that we like working together!” Baldwin said. “That’s what made the structure for this response pretty easy. We just got the band back together that led us through flood relief and redirected our efforts to pandemic relief. As Tom Crabtree talked about so passionately tonight, we are truly a community built on teamwork. This has been a team effort. At the same time, our clear community leaders are the members of the Greenbrier County Health Department! From the bottom of our hearts, thank you for caring enough to work together everyday for the greater good. We see you. We appreciate you. We thank you. We are inspired by you. We are grateful. Now, this is a celebration…but this is not over. We still have much work to do. Active cases are up 50% across the state over the last week. We must remain vigilant for the good of our neighbors. And we must remain committed to working together.”

“We continue meeting with health officials and state officials to make an informed decision for the start of school,” the Task Force reported in the July 27 Task Force update (in order to see these updates, follow “Senator Stephen Baldwin – WV” on Facebook). “As soon as we arrive at a conclusion, we will communicate it widely. … Statewide, cases are up about 50% just over the past seven days. Several of our surrounding counties (Nicholas & Webster) are in the gold and orange. This is not over yet. Nationwide, we are entering a fourth wave that is by and large affecting the unvaccinated.” Even now, the Task Force’s work is not over, with members coordinating a potential response to the Delta variant of the virus, which has been the reason for a recent case spike in West Virginia. Members of the Task Force are encouraging everyone to get vaccinated.


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NR’s Biggest Stories of 2021 https://goodbyepertbreasts.com/nrs-biggest-stories-of-2021/ Mon, 03 Jan 2022 09:05:30 +0000 https://goodbyepertbreasts.com/?p=1897 (Reuters/YouTube) An unavoidably incomplete compendium Dear Weekend Jolter, This is a risky endeavor, to compile a listicle of colleagues’ best, most influential, and/or most widely read work. Many excellent articles inevitably get omitted, feelings are bruised, professional relationships are frayed, debts are called in for spotted bar tabs, threats are issued by letter, mysterious accidents […]]]>

(Reuters/YouTube)

An unavoidably incomplete compendium

Dear Weekend Jolter,

This is a risky endeavor, to compile a listicle of colleagues’ best, most influential, and/or most widely read work. Many excellent articles inevitably get omitted, feelings are bruised, professional relationships are frayed, debts are called in for spotted bar tabs, threats are issued by letter, mysterious accidents befall relatives of the website’s managing editor, and no police reports are filed for fear of reprisal.

Still, this is a risk I’ll have to assume. The high-school yearbook editor’s burden of deciding the Senior Superlatives is not for the faint-hearted, and neither is this.

Without further prattle from me, the Weekend Jolt will ditch the customary format at year’s end to present this incomplete, but still impressive (we think), list of the biggest NR stories of 2021. It makes for great reading while nursing the repercussions of three too many French 75s:

The Rebekah Jones Affair

That’s “affair” as in controversy. The former Florida official courted it, with her wild fabrications about a Covid-data conspiracy, and Charles C. W. Cooke exposed it, with his epic exposé for the magazine back in May. But a taste:

Jones’s central claim is nothing less dramatic than that she has uncovered a massive conspiracy in the third most populous state in the nation, and that, having done so, she has been ruthlessly persecuted by the governor and his “Gestapo.” Specifically, Jones claims that, while she was working at the FDOH last year, she was instructed by her superiors to alter the “raw” data so that Florida’s COVID response would look better, and that, having refused, she was fired. Were this charge true, it would reflect one of the most breathtaking political scandals in all of American history.

But it’s not true. Indeed, it’s nonsense from start to finish. Jones isn’t a martyr; she’s a myth-peddler. She isn’t a scientist; she’s a fabulist. She’s not a whistleblower; she’s a good old-fashioned confidence trickster. And, like any confidence trickster, she understands her marks better than they understand themselves.

Eastman vs. Eastman

John McCormack conducted two phone interviews with Trump legal adviser John Eastman, discussing his memos outlining dubious strategies to boost Trump during the electoral-vote tally (turned riot) at the Capitol nearly one year ago. Significantly, in these interviews Eastman cast doubt on memo passages suggesting that Mike Pence had the ultimate authority to determine the validity of electoral votes:

The two-page memo written by Eastman proposed that Pence reject certified Electoral College votes and then either declare Trump the winner or invalidate enough votes to send the election to the House of Representatives, where Republicans controlled a majority of delegations. That memo was first published in September in Bob Woodward and Robert Costa’s book Peril.

The issue here is that Eastman says the Eastman memo does not accurately represent Eastman’s own views or legal advice to Pence or Trump, claiming that the two-page version published in Peril was preliminary and a final version presented various scenarios intended for internal discussion. . . .

The two-page memo published in Peril was drafted on Christmas Eve, and a final six-page memo was drafted on January 3, says Eastman. “They were internal discussion memos for the legal team. I had been asked to put together a memo of all the available scenarios that had been floated,” Eastman says. “I was asked to kind of outline how each of those scenarios would work and then orally present my views on whether I thought they were valid or not, so that’s what those memos did.” . . .

Eastman says he disagrees with some major points in the two-page memo. That version says that Trump would be reelected if Pence invalidated enough electoral votes to send the election to the House of Representatives: “Republicans currently control 26 of the state delegations, the bare majority needed to win that vote. President Trump is reelected there as well.”

Eastman’s final six-page memo says Trump would be reelected by the House “IF the Republicans in the State Delegations stand firm.” But Eastman says he told Trump at the January 4 meeting in the White House: “Look, I don’t think they would hold firm on this.” . . .

“So anybody who thinks that that’s a viable strategy is crazy,” Eastman tells National Review.

When it comes to the legal argument that the vice president is the only person with authority to count the electoral votes, Eastman says: “This is where I disagree. I don’t think that’s true.”

So Long, California

Something about David Bahnsen’s examination of “The Great California Exodus” — of why so many people are leaving the Golden State — struck a nerve. It was one of NR’s most widely read stories of the year. Insights like this likely helped explain the misgivings former and soon-to-be-former residents were having:

There is no one factor that has provoked the exodus. In fact, nearly every person I have ever talked to who has left the state was willing to swallow one of the major disadvantages of life there. Perhaps they didn’t like the heavy tax burden but were willing to bear it in exchange for the various advantages that life there gave them. The inexorable increase in cost of living was a bear but acceptable up to a point. The regulatory burdens were unwarranted but tolerable if one could just manage to do whatever it was one aspired to do.

No, what caused and continues to cause the exodus out of California is not tax burden, or regulation, or cost of living, or housing prices. Rather, it is the burden, and regulation, and cost of living, and housing prices, and more.

Moratorium Madness

Sometimes the “bad guys” aren’t actually the bad guys. Ryan Mills did a great job illustrating this in the context of the pandemic-prompted eviction moratorium here and here, interviewing small-time landlords getting crushed by the edict. An excerpt from one of the pieces:

One of Raj Sookram’s tenants stopped paying rent in December. Another man hasn’t paid him a cent in 20 months. He now owes Sookram over $20,000.

One woman stopped paying this spring, Sookram said, then demanded that he fix her hot water heater when it blew. That ended with city officials threatening Sookram with daily fines.

In all, Sookram said, about half of the tenants living in his 13 Rochester, N.Y., rental properties are behind on rent. Sookram said he’s struggling to pay his bills and taxes. He’s had to take out loans and work side handyman gigs to provide for his wife and three kids.

As the coronavirus pandemic drags on — and as the federal government continues to extend its legally dubious eviction moratorium — more and more people are “jumping on the bandwagon, like, ‘Oh, I don’t have to pay you,’” Sookram said.

Biden Exposed

There have been many “told ya so” moments in the Biden presidency, but Dan McLaughlin attempted to capture many of them in a single piece, “Joe Biden Is Who We Said He Was”:

What is slowly dawning on people is that Biden’s critics were right about him all along. . . .

Biden’s handling of Afghanistan has exposed all of that. Presidents can remain aloof from Capitol Hill. They can send out underlings to handle public-health guidance, lawsuits, or new regulations. But foreign crises demand active, personal leadership. That has gone badly. Everyone who said for decades that Biden was a lightweight ill-equipped to handle a major crisis has been vindicated.

The country has fallen rapidly into chaos, ruining the work of two decades of American soldiers in ways that cannot easily be repaired. Bagram Airfield was inexplicably abandoned to the Taliban without even informing the Afghan army commander. More than 10,000 Americans were caught behind the lines, and Biden’s national-security team had no plan to get them out. Biden had even eliminated a State Department program for evacuating Americans in danger overseas. Billions of dollars in weaponry we provided to the Afghan army fell into Taliban hands, to use or to barter to other enemies who can better deploy it. At a Pentagon briefing on Monday, General Hank Taylor admitted that he could not answer whether the United States was “taking any other sort of steps to prevent aircraft or other military equipment from falling into the hands of the Taliban.” . . .

It is long past time for people to notice who Joe Biden always was, and who he has become in his dotage. He is a hollow man, incapable of managing a picnic, let alone a war. His credibility, always unearned, is shot. His only real skill is his quick tongue, and it has deserted him. Even his onetime virtues — his old-timey patriotism, his faith in institutions, his empathy for others — are easily discarded as the old man reverts to his base instincts when cornered. Biden must hobble through the remainder of his presidency, if only because the alternative is Kamala Harris, his imprudent choice — or threat — of an heir. But nobody should, any longer, pretend that Joe Biden is fit to lead this nation.

Garland’s Messed-Up Memo

One of the big political stories of the year was the battle over critical race theory in the schools. Amid this heated debate, Attorney General Merrick Garland’s memo directing the FBI to collaborate with other agencies to probe violent threats against school officials aroused suspicion. So Caroline Downey dug into it. She found that the school-board association letter that had sought such an investigation cited a number of parent incidents that do not actually qualify as threats of physical violence:

Out of 24 incidents cited by the NSBA, 16 consisted of tense verbal exchanges between parents and school-board members that did not escalate to threats of physical violence. In many of these cases, the aggravated parents disrupted school-board meetings by angrily objecting to their districts’ mandatory masking policies and/or embrace of critical-race-theory curricula.

In other cases, parents picketed outside school-board meetings, wielding signs and chanting politically charged slogans. In some instances, the angry parents shouted over school-board members or exceeded their allotted speaking time during the meeting’s public-comment period. In some of these incidents, the police intervened to eject parents who refused to wear masks or were being otherwise unruly. In none of these cases was a threat of physical violence issued.

What ‘Equity’ Means, Really

Christopher Caldwell’s cover story, “The Inequality of ‘Equity,’” was and is a must-read on the flaws inherent in what is becoming the guiding policy principle of our day:

If you wanted to be blunt about it, you might call equity a no-excuses imperative to eliminate all collective racial inequalities. There are many such inequalities in our system, and blacks are on the unenviable side of most of them. They possess the fewest financial assets, fare the worst in school, have the hardest time finding work, live the shortest lives, commit the most violent crime, and spend the most time in jail. Equity’s proponents, most of them progressive Democrats, say their aim is to ensure that all races share equally in economic growth and get a fair shake in the justice system. Republicans say that Democrats are abandoning equality of opportunity for equality of result.

Put that way, “equity” sounds like a new name for something that Americans have been arguing about for two or three generations now. Affirmative action, after all, tips the playing field of opportunity in minorities’ favor. “Diversity” is all about managing results. Feminists’ equal-pay-for-equal-work campaigns might be considered a harbinger of these equity debates.

But in two ways the equity movement is radically new.

First is in the categorical simplicity of its diagnosis. It views all inequality across groups as illegitimate on its face — as evidence of white racism, in fact.

Second is in its tools. Equity doesn’t concern itself with more-traditional understandings of inequality — differences, say, between bosses and laborers. It is about equality for blacks, as laid out in the Civil Rights Act of 1964, and for the various groups, from immigrants to transgender people, that have come under the act’s protection in the decades since. The power of civil-rights law to punish employers and schools, to investigate those suspected of noncompliance, and even to silence detractors has been steadily strengthened by bureaucratic fiat and litigation. Race-conscious rather than race-blind, open to almost any kind of remedial discrimination, equity has brought us to a crossroads. Either our civil-rights laws are being overstretched to the point where they are growing intolerable to much of the country (though people remain frightened of saying so) or they are in the process of becoming the supreme law of the land, overriding even the Constitution. . . .

Perhaps equity is best thought of as diversity or affirmative action taken to its logical conclusion. We can expect it to function in ways similar to affirmative action, steadily entrenching itself as those who administer it forget the goals they began with. At that point, a temporary program turns into a permanent one, and a new goal enters: no longer to undo racism but to duck the arduous work that would have to be done if the problem turns out to be more complicated than that.

How Border Security Happened

Even before the migrant surge along the U.S.–Mexico border really intensified, Rich Lowry was out there warning about the damage that would be done by Biden’s unwinding of Trump’s border policies. He authored a deep dive on the matter all the way back in March:

Counter to the image of the administration taking a blunderbuss approach to everything related to immigration, the push at the border was a thoughtful, creative, and well-coordinated effort across government agencies and between sovereign countries.

It is worth revisiting because understanding how it came about and the reasons that it made such a difference underlines the mistakes that Biden is making now, no matter how much his officials and allies want to deny it and shift blame. . . .

The administration watched the border, which Trump had insisted he would secure, dissolve into a crisis with seemingly no end in sight. That’s when everyone serious about the border realized, if they hadn’t already, that “there were fundamental changes that had to be made in thinking, even within certain parts of the administration, about how to do things at the border,” in the words of the former DOJ official.

There was a belief that DHS under Kirstjen Nielsen, even though it had done some good work, lacked the requisite urgency and creativity in dealing with the new surge. Nielsen was pushed out, and a change in leadership began at DHS that coincided with a new approach.

Every practice was examined and every legal authority reviewed to see how to put the system on a more rational basis. An official familiar with the issue says that the administration was “looking at all of the various laws that are on the books and saying, ‘Look, we’ve only been giving out the sort of benefits and not using all aspects of the law. Why don’t we just fully utilize all of the law, and it will get us what we need?’”

Changes large and small added up to a new, multi-pronged approach that made a difference.

A Terrifying Covid Truth

One more from Charles. Back in August, he penned a piece whose thesis has held up given the Covid surge lately in northern states. With the stats to back it up, he argued that the spread of coronavirus strongly indicates that our myriad and complex Covid policies have little impact on Covid death rates:

It is much easier to believe that, if we put the people you like in charge of everything and make them say the right words on TV, the worst pandemic in a century will bend to their will than it is to accept that human beings are alarmingly susceptible to chaos.

The uncomfortable truth is that, beyond developing, encouraging, and providing inoculation, there’s not much that any government can do to guarantee success — and, even when it does what it can, a lot of people are going to resist for reasons bad and good.

Of course, there’s much, much more. But it’s time to truncate before this newsletter becomes far too unwieldy. More links of the year’s highlights follow — and, for those feeling nostalgic, the site has been featuring plenty of look-backs and best-ofs all week, from Brian Allen and Kyle Smith and others. Peruse freely:

Bing West: Who Will Trust Us after Afghanistan?

Manyin Li: What China Really Wants: A New World Order

Ramesh Ponnuru: Fighting for Life

H. R. McMaster: Preserving the Warrior Ethos

Dan McLaughlin: No American Military Leader Should Ever Say What Lloyd Austin Said

Editorial: The Wuhan Lab Cover-Up

Rich Lowry: How Southlake, Texas, Won Its Battle against Critical Race Theory

Andrew McCarthy: The Lab-Leak Theory: Evidence Beyond a Reasonable Doubt

Jim Geraghty: The Wuhan Lab-Leak Hypothesis Goes Mainstream

Jim Geraghty: Something Is Wrong with the President

Charles C. W. Cooke: The Democrats Have a Kamala Harris Problem

Michael Brendan Dougherty: The Fall of Saint Anthony Fauci

Michael Brendan Dougherty: Gone Too Far

Nate Hochman: The Tragedy of Portland

Ben Sasse: Worse Than Saigon

Kyle Smith: Cackling Kamala

Kyle Smith: The Dave Chappelle Problem Is Worse Than You Think

Brittany Bernstein: A Theater Professor Suggested Students Should Have Thicker Skins, So They Demanded He Be Fired

Kevin Williamson: The ORC Invasion

Kevin Williamson: The Mask Is an Outward Sign of Inward Things

Alexandra DeSanctis: Roe in the Public Mind

Daniel Tenreiro: Universities Are Complicit in Ballooning Student Debt 

Jason Lee Steorts: Xinjiang before the Genocide

David Harsanyi: How Jen Psaki Plays the Press

Brian Allen: The Story Behind Marble Masterpieces in Rome

Philip Klein: Virginia Shows Why a Credible Conservative Needs to Challenge Trump in 2024

Asra Nomani: Virginia Parents Have Had Enough of ‘Woke’ Lies at Their Schools

Joel Kotkin: Joe Biden, Nowhere Man

Andrew Roberts: The Baseless Attempt to Cancel Winston Churchill

We’re going to have to leave it there. Happy New Year, everyone.



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Risky Business: How carbon emissions are impacting lending behaviour and access to capital https://goodbyepertbreasts.com/risky-business-how-carbon-emissions-are-impacting-lending-behaviour-and-access-to-capital/ Mon, 03 Jan 2022 09:05:25 +0000 https://goodbyepertbreasts.com/?p=1903 In June 2021, the Bank for International Settlements released its working paper entitled “The pricing of carbon risk in syndicated loans: which risks are priced and why?” (the “Study”). A sample of syndicated loans was analyzed in order to answer the question of whether lead lenders price “carbon risk” (described below) into syndicated loans and, […]]]>

In June 2021, the Bank for International Settlements released its working paper entitled “The pricing of carbon risk in syndicated loans: which risks are priced and why?” (the “Study”). A sample of syndicated loans was analyzed in order to answer the question of whether lead lenders price “carbon risk” (described below) into syndicated loans and, if so, how.

The Study concluded that, while lenders have indeed been pricing carbon risk into syndicated loans since the Paris Agreement on climate change in 2015, the evidence suggest that lenders are not fully internalizing the full extent of carbon risk and are only pricing borrowers’ Scope 1 emissions,[1] thereby failing to price a borrower’s complete carbon footprint. These conclusions are noteworthy for the business community generally and, in particular, for the project finance industry. At the same time, they should be viewed in the context of a dynamic and developing field of risk assessment, especially in the field of climate impact analysis.

Carbon risk is a financially material consideration which may manifest directly through an array of regulatory instruments, and indirectly as a result of investor and consumer expectations. A survey of international regulatory developments suggests that increased carbon risk is on the horizon. As the true cost of carbon becomes increasingly clear, it is likely that risk premiums reflecting carbon risk will increase, and that they will capture Scope 2 and Scope 3 emissions,[2] including those in the supply chain. Some lenders may choose to avoid high risk firms and projects altogether, while regulators may increase their scrutiny.

For commercial actors, this means an increased focus on carbon risk (including in the supply chain) is imperative, as this risk may implicate everything from cost of borrowing, to access to capital more generally, to access to insurance, to social licence including regulatory barriers.

Carbon Risk: What is it and Why Does it Matter?

The Study broadly refers to carbon emissions that represent a source of financial risk as being “carbon risk”. The authors argue that carbon risk may be financially material, as demonstrated by the following example using two key variables:

  • Step 1: is to consider the carbon intensity of a firm, defined as an amount of emissions per $1 million of revenue.
  • Step 2: is to consider a potential cost of carbon. In this hypothetical, a direct price on carbon imposed through government policy (i.e. a carbon tax) is used.
  • Result: If a price of $100/tonne CO2 is imposed, then a firm with a carbon intensity of 100 tonnes of CO2 per $1 million of revenue results in a 1% loss of revenue margin (i.e. an increased cost of $10,000 per $1 million) – an amount that is potentially material when it comes to assessing the firm’s credit risk and pricing loans.

The example illustrates that even moderately carbon intensive firms face material financial risk where costs are imposed on emissions. Materiality is therefore premised on (a) firm behaviour; and (b) the imposition of a (direct or indirect) cost on carbon through government policy or otherwise. Each factor bears implications for both firms and lenders.

First, with respect to firm behaviour, carbon risk will be more material for firms who do not or cannot, depending on the nature of the project or service or overall business in question, reduce carbon intensity to a level where the effect of the cost of carbon is immaterial to the financial condition of that firm.

Second, a firm’s direct and indirect carbon emissions constitute a source of financial risk insofar as a cost is imposed on carbon. Such a cost could be imposed directly, such as through carbon pricing regimes or regulatory initiatives that make carbon-emitting projects otherwise more costly, or indirectly, should climate-conscious investors reallocate resources to less carbon intensive firms, resulting in an increased cost of capital for carbon intensive firms, for example.

A firm’s carbon intensity frequently falls into one of the following categories, which are neither exhaustive nor mutually exclusive:

  1. Ownership of “Stranded Assets”: Stranded assets are physical assets, in extractive industries for example, whose value declines substantially due to government policies enacted in respect of climate change.
  2. Direct Emissions: Firms with relatively high emissions are at a high risk of financial repercussions if environmental regulations tighten, or in the event of market responses independent of government, such as customers, suppliers, or other lenders refusing to do business with them. Direct loss can result from the imposition of a carbon tax on a firm’s emissions Scope 1 emissions, for example.
  3. Supply Chain Emissions: Carbon risk is not limited to heavy direct emitters. Even if a firm’s own Scope 1 emissions are relatively low, it may face material carbon risk if it has carbon intensive elements in its supply chain. Like other costs, it is reasonable to expect that the cost of carbon will be passed along the chain.

In each case the result is the same: carbon risk, no matter how it manifests, may be financially material to a firm. From a lender’s perspective, this financial risk could then be material in assessing the credit-worthiness of the project and the firm.

Contextualizing Carbon Risk: Real World Developments

As noted, the materiality of carbon risk hinges partly on the cost of carbon. An international survey of regulatory developments demonstrates that an increased cost of carbon is likely and, in some jurisdictions, already a reality.

Canada

In its highly anticipated March 2021 decision, References re Greenhouse Gas Pollution Pricing Act, 2021 SCC 11, the Supreme Court of Canada (the “SCC”) upheld the federal Greenhouse Gas Pollution Pricing Act (“GGPPA”), which sets national minimum standards of greenhouse gas pricing across the country. Pursuant to the GGPPA, the price of carbon emissions will progressively rise from CAD $40 per tonne in 2021 to CAD $170 per tonne by 2030, setting a clear floor on which carbon risk in Canada may be assessed. For more information on the SCC decision and Canada’s carbon pricing regime, see our previous update here.

European Union

The EU has a “cap and trade” system (the “EU ETS”), under which a cap is set on the total amount of certain greenhouse gases that can be emitted by the installations covered by the system. Within the cap, installations buy or receive emissions allowances, which they can trade with one another. In such a system, the price of carbon necessarily fluctuates according to supply and demand.

The market price for carbon under the EU ETS has steadily risen to its current 2021 level and a recent survey of industry participants indicates an expectation that prices will rise significantly in the next decade due to more aggressive EU emissions targets and a lower cap on total permitted emissions. This expectation aligns with a sweeping ETS reform package proposed by the EU Commission in July 2021 as part of the European Green Deal.[3]

Also in July 2021, the EU announced details regarding its proposed Carbon Border Adjustment Mechanism (“CBAM”), a tariff designed to target imports from countries with less stringent environmental standards. The CBAM can be expected to impose a carbon-related cost on firms (including Canadian businesses) which sell affected products in the EU. This is likely to include commodities like steel and aluminum, as well as specific manufactured products, with the idea of maintaining an even playing field for EU firms subject to higher input costs resulting from higher domestic carbon prices.

United States

Whether the United States will implement a price on carbon is less clear. Despite support from prominent Democrats including Janet Yellen, the Treasury Secretary, who stated during her Senate confirmation process that “[w]e cannot solve the climate crisis without effective carbon pricing”, the Biden administration has not expressed a clear position one way or the other.

Nevertheless, a direct carbon price is not the only mechanism through which carbon risk can materialize. Any regulatory mechanism which directly or indirectly makes carbon emissions more expensive would pose a similar risk for lenders and would likely be reflected in a firm’s cost of borrowing. For instance, vehicle emission standards impose an incremental cost of compliance. Another example is climate and other “ESG” disclosure, which is a current focus of the Securities and Exchange Commission (see our previous update on ESG and securities disclosures here).[4] By requiring firms to report more transparently on carbon-intensive activities, avoiding the risk of negative investor or lender response (for instance, by finding ways to lower emissions) may also impose carbon-related costs.

In each of the above surveyed jurisdictions, it appears inevitable that the cost of carbon will increase, which, in turn, is likely to impact borrowers’ carbon risk across industry sectors, and therefore the responses of lenders to these risks.

Carbon Risk as a Material Consideration in Syndicated Lending

Given that lead banks in a lending syndicate have an incentive to consider all relevant risks when pricing a loan, and given that carbon risk is expected to be financially material for many firms, lenders should be expected to price such risks. This hypothesis was tested by the authors of the Study.

Using carbon intensity as a proxy for carbon risk, the authors reviewed a sample of firms and analyzed the relationship between those firms’ carbon intensities and the margin (the difference between the amount borrowed and the value of the collateral offered as security) contained in its syndicated loans. Several notable conclusions are reached:

  • Carbon risk has been “priced in” to syndicated loans since the Paris Agreement: Since the Paris Agreement was signed in 2015, there is an observable and statistically significant positive relationship between a firm’s carbon intensity and the margin contained in its syndicated loans.
  • Premiums are not industry driven: The study suggests that lenders price carbon risk based on firms’ actual carbon emission intensities and not based on the perceived risk facing the industry in which those firms operate.
  • Current premiums are low relative to materiality of carbon risk: Current carbon risk premiums do not appear to fully internalize the risk of realistic carbon pricing regulations.
  • Premiums are Limited to Scope 1 Emissions: Potential financial risks from carbon emissions are not limited to a company’s direct emissions. For example, if a company uses carbon intensive inputs in its supply chain, then an increase in the cost of carbon and a resulting increase in the cost of a firm’s inputs would negatively impact the financial condition of that firm. Despite this fact, the Study suggests that carbon emissions indirectly caused by production inputs were not priced in the studied loans, implying that lenders have not yet internalized risks posed by firms’ overall carbon footprint.
  • “Green banks”[5] do not price differently: The authors of the Study found no evidence that “green banks” put a higher price on carbon, though they do suggest that there is evidence showing that green banks screen out companies with high carbon exposure.

Implications for Project Finance

Given the evidence that carbon risk is now being priced into syndicated loans across all sectors, any firm that utilizes syndicated lending for financing purposes should be cognizant of this development. Further, we would expect that this trend will apply to unsyndicated loans as well.

In terms of specific commercial implications, the evidence to date indicates that:

  • Because carbon risk is related to regulatory intervention, existing risk premiums reflect anticipated regulatory developments. In other words, the extent to which carbon risk is internalized reflects the firm’s and/or the market’s current expectation of what regulators will do; and
  • The risk premiums which lenders can realistically charge are constrained by the fact that the market for debt (i.e. attracting business from borrowers) is a competitive industry. Lenders cannot be expected to internalize significantly greater levels of risk than their competitors will. However, assuming lenders become increasingly sensitive to rising carbon risks, one might expect premiums to rise in the market generally.

When viewed through this lens, some further implications for business can be drawn:

As the price of carbon increases, risk premiums should increase: Lending is a competitive market. Competition drives down the cost of capital, and necessarily the risk premiums that may be charged. However, when carbon risk and its price increase, all lenders and syndicates can be expected to increase their associated risk premium floors.

Lenders may move to internalize the risk of Scope 2 and 3 emissions: Currently, it may be difficult for lenders to price Scope 2 and 3 emissions in a competitive market for debt, as the potential impact of these emissions on the bottom line is less clear. Nevertheless, the financial materiality of Scope 2 and 3 emissions will likely present itself as the cost of carbon rises, suggesting that firms with carbon intensive supply chains will face increased carbon risk moving forward, even if their own practices are carbon-light.

Lenders may choose to avoid high carbon risk projects entirely: The Study revealed that “green banks” sometimes screen out high-intensity borrowers altogether. Moving forward, some mainstream lenders may also decide that reputational risks and pressure from activist shareholders and other sources (e.g. government, employees, lawsuits) are not worth the premiums which can be obtained on the market with respect to certain carbon intensive projects and firms.

Hesitancy by lenders to finance environmentally harmful projects is increasingly observable in practice. For example, Industrial and Commercial Bank of China, China’s largest bank, recently abandoned a plan to finance a $3 billion coal-fired power plant in Zimbabwe, citing “environmental problems”. Chinese lenders had already been seen as the last resort to secure funding for coal-plants in the region, as South African and European banks have come under increasing pressure from shareholders not to fund such developments.

Similar instances have become increasingly prevalent in the insurance industry. In Canada, a number of insurers refused to insure the Trans Mountain pipeline altogether,[6] and those that had signed on to the project later opted to withdraw after pressure from climate activists.

As a result, even where firms may choose to absorb the cost of carbon through higher borrowing premiums, this will not compensate for scenarios where the project itself is deemed by lenders (and insurers) to be too risky.

Regulators may get (more) involved: Market forces constraining the ability of lenders to internalize material risks may be addressed by regulatory intervention. Should policymakers decide that lenders are not routinely pricing-in risks associated with the loans they originate, these regulators may seek to mitigate this potential risk to the financial system. Given that the risk is driven primarily by regulators themselves (i.e. through the imposition of carbon pricing and potential increases to the price), regulators may be eager to ensure that any resulting risk to the financial sector is alleviated. Should regulators act to mandate increased internalization of risk by lenders, borrowers will probably bear the associated increase in costs.

Arguably, the current widespread movement of requiring climate-related risk disclosures is one such intervention, albeit indirect. Greater disclosure allows the market, including lenders, to assess borrowers’ carbon risk, enabling better calculation and internalization of that risk.

Conclusion

Existing evidence suggests that carbon risk is a financially material consideration to many firms, and that the manifestation of this risk is largely a function of public policy. As the Study demonstrates, the Paris Agreement ushered in a new era of public awareness related to climate change which has not gone unnoticed by the market. In anticipation of a regulatory response to the ambitious goals set by the Paris Agreement, the market has begun to price carbon risk into syndicated loans. As public and regulatory awareness of this risk continues to grow, commercial entities should expect a further and stronger response from the market.

This means an increased focus on firms’ carbon risk (including in their supply chains) moving forward, which may implicate everything from cost of borrowing, to access to capital more generally, to access to insurance, to social licence for projects and investments. While the Study suggests that carbon risk is currently underpriced, businesses should bear in mind that carbon pricing in lending is a new development, and the ability to fully-price carbon risk is currently constrained by market forces along with regulatory uncertainty.

Market actors should not expect premiums to remain static, and should stay attuned to both regulatory developments and further shifts driven by changing consumer and investor expectations. As carbon risk is demonstrably not limited to firms in extractive industries with a number of “stranded assets”, it should be on the minds of firms across all sectors, especially those seeking significant project financing.


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Best No Credit Check Loans In 2022 – List Of Top Online Loan Lenders For The Best Installment Loans And Payday Loans With Low Credit Score|Best Bad Credit Loans With Guaranteed Approval https://goodbyepertbreasts.com/best-no-credit-check-loans-in-2022-list-of-top-online-loan-lenders-for-the-best-installment-loans-and-payday-loans-with-low-credit-scorebest-bad-credit-loans-with-guaranteed-approval/ Mon, 03 Jan 2022 09:05:22 +0000 https://goodbyepertbreasts.com/?p=1930 Do you have a low credit score but still urgently need a loan? You need payday lenders open to offering loans without the usual credit checks. And if that’s what you’re looking for, you’ve landed on the right article. In this blog, we will discuss the best no credit check loans companies that offer online […]]]>

Do you have a low credit score but still urgently need a loan? You need payday lenders open to offering loans without the usual credit checks.

And if that’s what you’re looking for, you’ve landed on the right article.

In this blog, we will discuss the best no credit check loans companies that offer online lenders that do not carry out the typical credit checks.

If you have a bad or poor credit score and still need a loan, there is no need to worry anymore. Quite a few money lending platforms can help you get loans quickly without going through your financial history.

When you urgently need money — be it a medical emergency, educational emergency, or any other need of money — your loan will not be easily approved. Personal loans cannot be treated as an option either. If you have a poor credit score, you will have to turn towards these financial supporters who will offer you a loan without checking your credit score.

These platforms will offer you a loan (and a lender) based on your ability to pay back the loan amount, along with interest. These companies do not value your credit score and will help you get your loan approved quickly. These lenders do not check your credit report but judge your ability to repay the loan by going through your bank statements. After taking a close look at your income, they will determine the interest rate on your loan.

And, voila! Your loan is approved!

Note: These loans are granted at high risks. Thus a high rate of interest and higher service charge is levied. Before taking no credit loans from anyone, you must find out more about the company and its services to avoid getting scammed.

Keeping the best interests of our readers in mind, we have made an effort to know more about money lending platforms to find the best, most effective, and safest platforms for you.

These websites have a huge network of moneylenders who will be contacted by the platform on your behalf. After only a short process of filling out an application form, you can be sure to be placed in touch with numerous lenders who are ready to offer a “no-credit-check” loan.

You must bear in mind, however, that the lenders you will be in put in touch with charge different interest rates and have varying repayment policies. So, you must choose carefully — and realistically.

We have done our due diligence while researching these platforms, read thousands of articles and reviews, and checked the veracity of all claims before compiling this list for you. But you, too, must do your due diligence while discussing your financial plans with the specific lenders.

List Of Top Direct Lenders For The Best Five No Credit Check Loans

#1. MoneyMutual — Overall Best No Credit Check Loans

#2. BadCreditLoans — Best Bad Credit Loans

#3. CashUSA — Easy Approval For Fast Cash Advance

#4. PersonalLoans.com — Low Interest Rates For Personal Loans

#5. Credit Loan — High Rated For Emergency Loans For Poor Credit Score

#1. MoneyMutual — Overall Best No Credit Check Loans

MoneyMutual is a US-based online commercial center that joins borrowers and cash loan specialists. You can apply for a loan here by filling up a simple form. This organization tops my list of monetary organizations. It has the best client surveys and is known for its fast transfers.

In MoneyMutual, you can get a credit of up to $5000 even with a bad credit score, and the interest rate varies from lender to lender. One good thing about this financial platform is even if you have low credit scores, they will grant your loan. You can take as much time as necessary before exploring the provisions of the loan.

Applying for a loan online in MoneyMutual is extremely simple. You simply need to fill an application form on their site, and the moneylenders will reach out to you in no time. You should apply for a base worth $200 as a loan amount. You can pick your creditor for taking loans, and the organization won’t interfere in your issues. They offer a month-to-month repayment procedure for their clients.

MoneyMutual is a third party that assists the borrowers in meeting the cash moneylenders without any problem. It is probably the quickest method for tracking down a moneylender in 24 hours. They don’t consider your credit points and offer you the loan amount at a low-interest rate. This method of getting a web-based loan is very secure, and many individuals utilize this site for in-stream and out-progression of money day in and day out.

Highlights

A low credit score does not matter: Even with a low credit score, you can avail loan from this financial institution. Your credit scores are not valued while approving your loan as they believe in serving people with financial needs.

A huge network of money lenders: MoneyMututal has many moneylenders who are ever ready to pay your loan. The interested money lenders will approach you when you apply for a loan. Moneylenders from different places will offer you loans at different interest rates and repayment terms.

No hidden costs: This financial platform charges no hidden or additional charges. Their website is free for use, and they do not charge any service costs. The application for the loan is also free of cost. Thus all the accounts are conveyed clearly to the clients.

Same-day loan approval: One takes a loan mostly when they are in a financial emergency and need the money urgently. This platform helps you to get your loan amount as soon as possible. It is an online process and thus is one of the fastest ways to transfer money. Your loan will be approved, and you will get the money transferred to your bank account within a day.

Pros

  • Connects borrowers with lenders
  • Free of cost application for the loan
  • Simple application process
  • No credit check
  • Easy to use website
  • A huge network of lenders allows multiple loan offers

Cons

  • Interest rates vary from lender to lender.

⇒ Visit the Official Website of MoneyMutual

#2. BadCreditLoans — Best Bad Credit Loans

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BadCreditLoans, as the name suggests, will give you a loan regardless of whether you have an exceptionally low credit score or not. Your credits are not in the slightest degree checked when you apply for cash on this site. We comprehend your crisis need for cash regardless of whether you earn satisfactorily or not. We believe in providing funds to every individual who requires it and trusts in reimbursing the loan amount. Even with a bad credit score, you can avail of loans from this website. They will connect you with money lenders willing to grant your loan.

BadCreditLoans began joining clients with money lenders in 1998. They have helped many families and provided them with financial assistance for their needs. This organization will consistently assist you with emergency funds when you require cash. They are not extremely severe in giving loans and approve your loan application within a day. Be it a health-related crisis or some other crisis. You will get the money you need in a day.

With this financial platform, you can pick an interest rate for yourself. The interest range fluctuates from 5.99% to 35.99%. You can take an advance of up to $10000 even with a low credit score. You are associated with interested loan lenders on the BadCreditLoans site with practically no charge. The application form is exceptionally basic, and you can top it off in practically no time. It is an internet-based commercial center with a huge network of cash moneylenders. This organization associates the borrowers with the lenders.

You will have your secured loan or unsecured loan endorsed within a day, and you will get the cash transferred to your account. It is a safe method of moving cash. They offer additional assistance with no additional charges, similar to credit restoration and debt relief. The repayment process of this organization is again month to month. If you have awful credit or are bankrupt and still need cash, then, at that point, BadCreditLoans is only for you.

Highlights

Flexible repayment procedure: Your moneylender can discuss repayment procedures according to your financial condition. Repayment procedures differ from lender to lender and are customizable.

Fast loan approval process: If you have a low credit score, the loan approval takes months or might not even be approved. But with BadCreditLoans, even with a low credit score, your loan is approved easily within a day.

Simple application form: Filling up the application form is very easy. It just takes a few minutes for you to fill up your basic details. The three-step application form is free of cost and will help you get several money lenders.

Funds are transferred easily: The online process of transfer of money is extremely secure and fast. After the loan is approved, your loan amount is transferred to your bank account within some minutes.

Pros

  • Funds transferred in 24 hours
  • Loan amount up to $5000
  • A good number of money lenders to choose from
  • The simple three-step online process
  • Credit requirements are customizable
  • Good for people with a low credit score
  • Very easy to use platform

Cons

  • Requires a lot of documents in the initial stage
  • Offers small amounts of loan

⇒ Visit the Official Website of BadCreditLoans

#3. CashUSA — Easy Approval For Fast Cash Advance

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CashUSA has an exceptionally simple and fast method of getting a loan. Visit our website and apply for the loan by filling up the simple form, which will take you five minutes. If you qualify for the loan, a moneylender interested will contact you.

CashUSA.com charges a loan fee from 5.99% to 35.99%, higher than different organizations referenced in this rundown. To get a loan from them, one should be somewhere around 18 years of age, a resident of the US, and should procure $1000 each month so that you can take care of the repayment of the loan.

They don’t do a detailed credit check to get a loan regardless of low credits. Top off the application form to check if you are qualified for a loan. CashUSA.com does not lend money directly, but they interface money lenders with borrowers. If you are in monetary need, you should apply for a loan now as the collaborators of CashUSA are ready to grant your loan.

Highlights

No credit check: Even with a low credit score, you can avail loan from this financial institution. Your credit scores are not valued while approving your loan as they believe in serving people with financial needs.

100% secure transaction: The transfer of funds from the lender to the borrower online is 100% secure. Though the transaction is online, the transfer is extremely secure.

Varying interest rate: The rate of interest differs from lender to lender. You can choose the moneylender who provides you with the lowest interest rate.

Simple application form: Filling up the application form is very easy. It just takes a few minutes for you to fill up your basic details. The three-step application form is free of cost and will help you get several money lenders.

Good privacy policy: The privacy terms of the clients are extremely safe with the website and along with their collaborators. The clients’ privacy is one important thing that is taken care of by CashUSA.

Pros

  • Allows you to select the moneylender with the best offer
  • Free of cost application
  • Great customer support
  • Best for borrowers with bad credit score
  • A good network of lenders from all 50 states
  • Simple application procedure
  • Transfer of funds is secure

Cons

  • The maximum loan amount is $10000
  • High rate of interest from the moneylenders

⇒ Visit the Official Website of CashUSA

#4. PersonalLoans — Low Interest Rates For Personal Loans

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PersonalLoans.com offers quick loans and is beneficial for clients. Our website can help you get a loan in the scope of $500 and $35,000, directly from your home or office, or even in a rush through your phone. We help individuals in an emergency. People with low credit scores will not get a loan from a bank or any traditional financial institution, but they do not check the scores.

Through the money lenders in the PersonalLoans.com association, you can get required funds quickly, in as little as just a single working day. The development repayment time frame generally goes from 90 days to 72 months, depending upon the specifics of the credit given by my money lender. PersonalLoans.com is a platform that unites money lenders to borrowers.

You need to fill a short and simple form to apply for the loan, and your subtleties will arrive at their network of moneylenders, who will reach out to you. If no moneylenders from the network offer loans, they will divert you to different lenders. Your credit score doesn’t make any difference, and your application is endorsed in a split second.

To get a loan from this financing organization, you should be at least 18 years old and have an account in a registered bank. The account must be active. If you are in a monetary crisis, you can investigate the site of PersonalLoans.com, and I am certain you will track down a potential money lender.

Highlights

Credit points are not considered: Even with a low credit score, you can avail loan from this financial institution. Your credit scores are not valued while approving your loan as they believe in serving people with financial needs.

Customized repayment policies: The repayment policies differ from lender to lender. The policies are discussed in the beginning. Repayment is usually made every month, along with the rate of interest.

A huge network of money lenders: PersonalLoans have a huge network of moneylenders who are ever ready to pay your loan. The interested money lenders will approach you when you apply for a loan. Moneylenders from different places will offer you loans at different interest rates and repayment terms.

Instantly approved loans: If you have a low credit score, the loan approval takes months or might not even be approved. But with PersonalLoans, even with a low credit score, your loan is approved easily within a day.

Pros

  • Good for people with all credit scores
  • In 24 hours, funds are transferred to your bank account
  • Provides loan services in all 50 states
  • Online approval is easy
  • Large network of moneylenders
  • A simple application form takes five minutes to fill
  • Personalized loans according to your financial situation

Cons

  • No late payment history is tolerated
  • Eligibility requirements are set difficult
  • Too many personal documents are required

⇒ Visit the Official Website of PersonalLoans.com

#5. Credit Loan — High Rated For Emergency Loans For Poor Credit Score

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This financial platform has the best customer reviews and ratings. They have a fast and secure process for transferring funds. They have two networks of money lenders, one offering loans with good credit and the other for loans with bad credit scores. Thus even if you have a bad credit score, there is no need to worry. Your loan application will be approved on your ability to repay the loan.

They have financially helped around 750000 customers and are in their good books. You can take a loan ranging from $250 to $5000. You can take a loan for your medical emergency or education loan. Our lenders are ready to give you a loan at the best interest rates. Visit their website and fill in the easy application form, and you will get the potential money lenders.

Your credit scores go through a soft check on this platform, but your need for money is prioritized. They have 20 years of experience in this field and solve your financial crisis. The funds are transferred to your account within a day as the loans are approved instantly.

But Credit Loan does not offer service for the people of New York or Connecticut. They have slightly difficult eligibility requirements, thus going through the requirements first and then applying for the loan.

Highlights

Secure transfer of funds: The transfer of funds from the lender to the borrower online is 100% secure. Though the transaction is online, the transfer is extremely secure, and your details are kept safe.

No credit checks: Even with a low credit score, you can avail loan from this financial institution. Your credit scores are not valued while approving your loan as they believe in serving people with financial needs.

Fast transfer of money: The online process of transfer of money is extremely secure and fast. After the loan is approved, your loan amount is transferred to your bank account within some minutes. Online transfer of money is very quick and easy.

Simple application process: Filling up the application form is very easy. It just takes a few minutes for you to fill up your basic details. The three-step application form is free of cost and will help you get many money lenders.

Pros

  • Within 24 hours, money is transferred to your account
  • Online money transfer is a fast process
  • Low credit scores are fine
  • The loan amount offered till $5000
  • Rated A+ by Better Business Bureau
  • No specific income guidelines are to be met

Cons

  • Some lenders charge high rates of interest
  • Service is not provided in all 50 states

⇒ Visit the Official Website of Credit Loan

How We Made This List

We tried to compile the best five no-credit-check loans to help our readers in their financial crisis. We got a number of no credit check loans, but we went a step further to verify their services and know about their policies, rate of interest, and customer services. We got a long list of companies initially but narrowed the list down to the best five so that in an emergency, our readers find this article crisp and handy.

We read customer reviews, read journals and magazines, saw the ratings of these companies, and then made this list of the best five no-credit-check loans. Even if you have a low credit score, you need not worry as these companies are ready to help you financially and plan your finances whenever you want. They grant you a loan based on your ability to repay the loan.

You should know some features of these loan-providing companies before trusting them. We have listed the features we looked into for making this list. These are the features you must also verify before taking a loan anywhere. These platforms make transactions online and are 100% secure. Your details are also protected by the organization and its partners and collaborators. These platforms have helped many clients and have good reviews of their services. Low credit scores of the clients do not matter when you need a loan from these financial institutions, unlike traditional institutions of taking loans.

Now let’s look into the important features for compiling this list of the best money lending platforms.

The Features We Looked For

From a long list of institutions that provide loans without a credit check, we have made a shorter list of which is the best and has all the features a loan-providing platform should have. We looked into the following criteria for compiling this list.

  • The amount of loan provided
  • Repayment policies
  • Rate of interest charged
  • Period of repayment
  • Importance of credit score
  • The speed of loan approval and money transfer
  • Annual percentage rate (APR)
  • Eligibility requirements
  • Privacy terms
  • Amount of security of the transfer of funds
  • The effect of taking the loan on your credit score
  • The legitimacy of the company
  • Ratings of the business bureau
  • The reputation of the company
  • Customer support services
  • Customer reviews

After closely looking into all these criteria, we came down to a small list of five loan providers without credit checks that are trustworthy and known for providing money at the earliest and in a secure manner.

A Buying Guide To Finding The Best No-Credit-Check Loans Or Payday loans

In an emergency when you need money at the earliest, your credit score might prevent you from getting loans from banks. If you have a bad credit score, you must not waste your time applying for a loan in a traditional loan-providing institution. You should directly go to the online platforms that connect borrowers with money lenders without a credit score check.

You simply have to know about the company and its reputation before filling up the simple application form. Your loan will soon be approved after money lenders willing to grant you the loan contact you and you select one of them according to their terms and policies. It is one of the fastest methods of online money transfer.

But there are numerous such companies which try to fool you. Thus, you must know a little about the company and how it works. We will list the features you must look for in a company before taking a loan from them. Go through the buyers’ guide to get the best loan packages without credit checks.

  • The maximum amount of loan

The first feature is if the institution provides the amount of money you require as a loan. Your loan amount has to be a minimum of $500 to $2000. Before applying for the loan, you should note the online platform’s minimum and maximum amounts. You must check if the loan amount you require is provided by them or not.

Borrowers usually get to choose their repayment policies. The repayment terms are discussed before the loan is granted based on the borrower’s income and the ability for repayment. If you want to pay off your loan quickly, you must choose a higher monthly payments, while if you want to delay, then a lower monthly payment is preferable.

The rate at which you repay the loan must not be very high. Interest rates can vary from 3.49% to 29.99%, depending on your credit score and repayment period. You must choose a moneylender who offers you the loan at the lowest interest rate.

  • Annual Percentage Rate (APR)

The APR is the rate of interest along with the additional charges charged by the moneylender, like the service charges or the lending charges. Some creditors may charge this origination fee, but most do not. You must look for a credit bureau where no or low APR is charged from you.

  • Time taken for loan approval

When you are in a financial crisis, the time taken for the loan approval and the transfer of money to your account must be quick. Within a day, most loans are approved, while some lenders might need documentation which leads to a delay in transferring funds. Choose an easy moneylender who lends money easily.

You must look for these features, although there are more features on which you can fall back, like the customer reviews and many more according to your service needs.

Frequently Asked Questions About No-Credit-Check Loan Providers

Q1: What are the alternatives to no credit check loans?

A: There are a few alternatives that you can fall back upon even if you have a low credit score. Here we will list some of them, but the no credit check loans are the best and easiest, which you can look for at times of need.

Credit builder cards: If you want to borrow a small amount of money and improve your credit score, this is a good alternative for you. It does not allow you to borrow a large amount, but it has a credit limit that you can use. It is a good option for people who want to increase their credit score for the future.

Short-term loans: If you want to borrow a small amount, this can be a good alternative for you, even with a bad credit score. It can be called a bad credit loan but smaller than a personal loan. If you need a few dollars, this is a good alternative for you, but you will have to fall back upon the no credit check loans if you require more than that.

Overdraft: Overdraft is one of the easiest ways of borrowing money as it does not require dealing with a new money lender. It is a loan from your current account where your provider provides you with an overdraft. But there are daily charges for using an overdraft. Thus, you have to pay back the money very quickly.

Secured loans: This loan is for people who want to borrow a large amount of money. But this type of loan has a higher risk as the loan is secured against your valuable assets such as your house or car. If you fail to repay the loan, your creditor will claim your assets. Even if you have a bad credit score, you can take secured loans, but doing so will involve a higher amount of risk.

Peer-to-peer lending: Peer-to-peer money lending is when individual investors pay you the loan amount instead of some financial institution. This method is better than payday loans, where you have to pay a higher interest rate. If you have a good credit score, your chances of getting the loan at a lower interest rate become higher.

Local credit unions: If you do not want to go for a payday loan, some local credit unions or credit bureaus offer payday alternative loans up to $2000. You can look for this alternative before going for a payday loan.

These are alternatives to no credit check loans where your credit scores are not given much importance, and your loan amount is sanctioned easily.

Q2: What are the requirements to get a no-credit-check loan?

A: Unsecured loans or secured loans that do not involve a credit check are easy to get, but the APR and interest rate depend on your credit score. Some points are considered before you get a no-credit-check loan. They are listed below:

Income: For a credit check loan, your credits are not considered, but your source of income is checked to understand your ability to repay the loan amount. You should have a steady inflow of cash to help you gain the lender’s confidence.

Credit score: The credit score is very important for a personal loan, but it helps determine your rate of interest and your APR for a no credit check loan. Better rates are offered to people with good credit scores. You can improve your credit score by paying your bills on time.

Past bank statements: Even when your credit scores are not considered, your past bank statements are important to determine your ability to repay the loan.

A cosigner: If you cannot guarantee to pay back the loan and meet the lender’s requirements, you can take a cosigner who will apply for the loan along with you and serve as a guarantee.

Fill out the application: One has to fill the application form as per the lender’s requirements. But the basic income details, identity documents, and social security is a must for all lenders.

Get an idea through multiple lenders: You can determine the interest rate around which you can get the loan and the chances of your no credit check loan being approved from a lender’s prequalification. You are less likely to get fooled with a higher interest rate when you know the lenders and their requirements.

You must keep in mind some points when applying for a no-credit-check loan.

Q3: What is the easiest type of loan to get with bad credit scores?

A: Even with a bad credit score, if you are in a financial emergency and need to take out a loan, no credit check loans are a good option. Within a day, your loan is approved, and funds are transferred to your bank account. Secured loans can also be taken into consideration as bad credit loans. It is the least expensive but involves a higher amount of risk. It involves collateral, taking a loan against keeping your assets as a security. If you fail to repay the loan, your assets may get seized. Thus, you do not have to pay any interest rate on this type of loan, but your assets might be at stake. We can conclude that no credit check loans are the best and involve less risk, and are easy to get approval at the fastest.

Q4: How long will it take to approve my loan?

A: There is no set approval time for loans, but the faster you submit your application, the faster your application can get processed. For the companies mentioned in this list, when you apply for a no-credit-check loan through one of these websites, your loan request gets immediately sent to various moneylenders registered on the website. Your application gets reviewed and accepted or rejected in a matter of minutes to a few hours, depending on the website and traffic. Certain companies even approve loans and give you the money on the same day that you apply. Keep in mind. These companies don’t provide loans themselves. The moneylender makes that decision, but their records show that applications are processed fast.

Q5: Is my loan approval guaranteed?

A: It is not guaranteed. If you have poor employment history, criminal records, or other similar issues, your application can get rejected. But since there is no cost for applying, it never hurts to try. Each application is treated differently based on many factors and circumstances.

Summing It Up

After going through this article, we hope you have a little idea about which money lending company to trust and which not to. Therefore even if you have a bad credit score, you can apply for a loan in these financial platforms that are ever ready to serve you. You must always choose companies or websites which are authentic and will not fool you. The platforms mentioned above are trustworthy, and you can easily rely on them for any financial crisis.

Credit unions and financial institutions like MoneyMutual and CashUSA are a few organizations that help people in need even with bad credit scores. In a financial emergency, you do not have to rely on payday loans offered at a higher interest with a low repayment time. You can lend money from these platforms, which are legitimate and trustable.

When you have a low credit score, you cannot request a loan from the banks or any traditional financial method, but you can still get a loan through these online platforms. They will approve your application quickly, and the loan amount will reach your account easily.



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Find The Best Loan – Forbes Advisor https://goodbyepertbreasts.com/find-the-best-loan-forbes-advisor/ Mon, 03 Jan 2022 09:05:18 +0000 https://goodbyepertbreasts.com/?p=1933 Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. There are many reasons why your business might want to borrow money, and there are many financing options available to get the job done. While having a lot of loan options can be good, […]]]>

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations.

There are many reasons why your business might want to borrow money, and there are many financing options available to get the job done. While having a lot of loan options can be good, numerous financing choices also makes it essential to conduct research prior to applying.

Before you can get financing for your business, you need to choose the right type of business loan. Factors like your qualification requirements, loan purpose and desired loan terms can all influence the type of business loan that’s best for you.

Here are the 13 most common types of business loans.

1. SBA Loans

SBA loans are business loans that are guaranteed by the U.S. Small Business Administration (SBA). Because the federal government guarantees to repay up to 85% of the loan amount if a borrower defaults, it reduces the level of risk involved for the lender.

Interest rates on SBA loans in 2021 can range from around 2.8% to 13%, though each SBA- approved lender determines the annual percentage rate (APR) it charges. Repayment terms may extend up to 25 years, depending on the specific loan program.

Three of the most popular SBA loans are:

  • SBA 7(a) loans. These are a good choice if you want to expand your business, secure working capital or acquire an existing company. Eligible businesses can borrow up to $5 million.
  • SBA 504 loans. 504 loans can help your company purchase fixed assets like equipment or real estate. You may also be able to apply these funds toward upgrades on existing property. Eligible businesses can borrow up to $5 million.
  • SBA microloans. Microloans can help your business meet working capital needs, purchase inventory and supplies or pay for equipment. If you qualify, you may be able to access up to $50,000.

Advantages and Disadvantages of SBA Loans

Aside from traditional bank loans, SBA loans can be one of the most affordable ways for a business to secure financing. However, borrowing requirements can be extensive, and you typically need a personal credit score of 680 to qualify. The loan process can also take several weeks or even months to complete.

2. Term Loans

Term loans are what many people think of when they search for small business loan options. With a term loan, your business borrows money from a traditional bank, credit union or online lender. Then, you repay the funds over a fixed period of time (and often at a fixed interest rate).

The terms and conditions of these loans vary, but a well-qualified business might be able to:

  • Borrow up to $500,000 or more
  • Secure an APR starting around 9%
  • Receive repayment terms of up to 10 years
  • Use the funds for a variety of purposes, such as working capital, inventory or equipment

Advantages and Disadvantages of Term Loans

If you have good personal and business credit scores, you may be able to get a competitive interest rate on a term loan—especially from a traditional lender. And with online lenders, term loans often feature faster application and funding processes. On the negative side, you may need to supply a personal guarantee—which is a legal agreement you make to repay the loan with your personal funds if the business fails to do so—and/or collateral for this type of funding.

3. Short-term Loans

If your business needs cash in a hurry and values repayment terms under three years, a short-term business loan might be worth considering. With some online lenders, qualifying businesses might be able to access funding in as little as one day.

Numerous factors can influence the details of your short-term loan. But a well-qualified business might be able to find loan offers to:

  • Borrow up to $500,000 (though often less)
  • Secure APRs starting as low as 8%
  • Receive repayment terms from six to 18 months

Advantages and Disadvantages of Short-term Loans

Fast funding speed and easier qualification terms are the key benefits of short-term loans. Yet these loans feature some disadvantages too. First, APRs can be high for some borrowers, and you might face expensive fees like origination, prepayment penalties, etc. You might also have to agree to daily or weekly payment drafts with some lenders.

4. Startup Loans

Your company may need to be established for at least one year before it can qualify for particular business funding options. For new businesses that need to borrow money sooner, a startup business loan might be a good fit.

Startup business financing comes in a variety of options—from SBA microloans to online loans to business credit cards. Because there’s a lot of variety here, interest rates, fees, loan amounts and repayment terms can vary. It’s important to compare multiple loan options whenever you’re seeking business financing for startups.

Advantages and Disadvantages of Startup Loans

Startup loans are often available to businesses with little-to-no established credit or time in business. Yet they can sometimes be an expensive way to borrow money. On a positive note, startup loans tend to be easier to qualify for, even as a new business. And a well-managed startup loan may help you build better business credit for the future.

5. Business Lines of Credit

A business line of credit is a type of financing that lets you borrow money on an as-needed basis and pay interest on only what you borrow. In some ways, it works like a credit card. The issuing bank approves you for a credit limit and as you use and repay the money you owe, you can access that same credit line again throughout the draw period.

However, eventually, the draw period may expire (often after 12-24 months), and you’ll no longer be able to access the credit line when that happens. At that point, the repayment period begins, which can last up to five years.

Advantages and Disadvantages of Business Lines of Credit

Business lines of credit can be a flexible way to borrow money if you need an open source of funding. They can also work well for projects with undetermined costs.

However, getting a business line of credit with the best borrowing terms usually requires good credit and sometimes collateral. You might also have to sign a personal guarantee, typically with unsecured credit lines. Additionally, interest fees typically kick in right away when you withdraw funds with no grace period like credit cards offer.

6. Microloans

Microloans are a financing option that features small loan amounts and short repayment terms. Interest rates tend to be low (or nonexistent in some cases), and the qualification criteria are often less stringent compared with other business loans.

Eligible businesses may be able to borrow up to $50,000, typically from nonprofit organizations. Most microlenders focus on underserved small business owners, such as women and minorities.

Advantages and Disadvantages of Microloans

Microloans can provide underserved small business owners with an infusion of cash to get a startup off the ground or to help an existing business grow. However, microlenders may ask for a personal guarantee and collateral in order to secure funding.

7. Invoice Factoring

If your business provides a product or service to other businesses and uses invoices to collect payments, it might be eligible for invoice factoring. With this type of financing your business sells its outstanding B2B invoices to a third party.

The factoring company buying your invoices might advance 70% to 95% of their total value upfront. From there, the company collects the outstanding payments from your customers, deducts a factor fee (typically 0.5% to 5% per month, per outstanding invoice), and returns the difference to you.

There are two types of invoice factoring—recourse and non-recourse.

  • Recourse factoring agreements can leave your business on the hook to buy back unpaid invoices.
  • Non-recourse factoring agreements have the factoring company accept liability for any invoices that aren’t paid.

Advantages and Disadvantages of Invoice Factoring

Invoice factoring can help your business access cash on outstanding invoices before they are due. Qualifying for this type of financing is often easier than qualifying for other types of business loans. However, the factoring company may review the credit of your customers during the application process to make sure those businesses are likely to pay as agreed. This fast cash flow solution can also be expensive, especially if your customers pay late often.

8. Invoice Financing

Invoice financing works a lot like invoice factoring. Yet with this business funding option, you don’t sell outstanding invoices to a third party. Instead, your invoices serve as collateral to help you secure a cash advance, often up to at least 80% of the value of your outstanding invoices.

With invoice financing, you stay in charge of collecting from your customers. When your customers pay you, you repay the lender that issued you the cash advance.

Advantages and Disadvantages of Invoice Financing

When you back a loan using your invoices as collateral, your customers aren’t aware. This may be preferable to working with a factoring company that will call your customers to collect, alerting them to the fact that your business is leveraging its accounts receivable for funding. Invoice financing can still cost a lot of money though, with lenders often charging 0.5% to 5% per week until you collect your invoices and repay the loan.

9. Working Capital Loans

Businesses that need help covering the costs of day-to-day operations might need a working capital loan. These short-term business loans can work for seasonal businesses and others that need access to capital until revenue picks back up in the future.

You can get a working capital loan from some online lenders and traditional financial institutions. These financing options may be available as SBA loans, term loans, lines of credit or invoice factoring. Due to the variety of options, your loan terms can vary widely too. For example, APRs may range anywhere from 3% to 99% with this type of financing.

Advantages and Disadvantages of Working Capital Loans

Some working capital loans feature qualification requirements that are easier to satisfy. (Though that’s not generally the case with SBA loans.) But your creditworthiness, loan type and other factors will influence the cost of the loan. If you have a FICO score of less than 600, you might still qualify for funding. But lenders may offer you less attractive borrowing terms.

10. Merchant Cash Advances

A merchant cash advance (MCA) is another way to access financing based on the promise of future revenue. When you apply for this funding option, a merchant services company may examine your daily credit card sales and the amount you wish to borrow. From there, the company can determine how much money it’s comfortable advancing your business.

If you qualify for this type of financing, the merchant services company may require you to make payments each day, often via automatic bank draft. The amount you repay is typically a percentage of your daily credit card sales. Fees can vary. But factor rates commonly range from 1.2 to 1.5.

Advantages and Disadvantages of Merchant Cash Advances

Merchant cash advances can help businesses with high credit card volume access cash fast. This type of financing can be easy to qualify for compared with alternative funding options. You might even qualify with bad credit.

Yet this convenience comes at a cost. Factor rates tend to be higher than the interest rates you’d pay on a business term loan and other types of financing. And letting a merchant services company take cash out of your account each day could create future cash flow problems.

11. Equipment Financing

If your business needs money to purchase equipment or machinery, equipment financing could be a good solution. The equipment you purchase serves as collateral for the loan. If you default, the lender can repossess and resell the equipment to recuperate some of its losses.

Because the presence of collateral lowers the lender’s investment risk, you may be able to lock in competitive interest rates. APRs often range from 8% to 30%, and the loan amount varies depending on the cost of the equipment your business needs and other factors. Lenders may offer repayment terms of up to 25 years on this type of loan.

Advantages and Disadvantages of Equipment Financing

Your credit can play a meaningful role in your business’ ability to secure equipment financing. With good credit, you have better approval odds and may be able to get better interest rates. Bad credit, meanwhile, is an obstacle that could make it difficult to find a competitive equipment loan offer.

12. Commercial Real Estate Loans

Businesses that need funding to buy commercial property might benefit from a commercial real estate loan. Like equipment loans, the asset you’re buying (the property) serves as collateral to secure the loan. In the event of a default, the lender can foreclose and sell the property to someone else, recovering at least some of its investment.

Your company’s ability to qualify, its APR and the amount it can borrow may depend on factors such as:

  • The value of the property versus the purchase price (loan-to-value ratio)
  • Your business’ revenue and debt
  • Creditworthiness
  • Cash flow
  • Down payment size
  • Lender and loan type

Advantages and Disadvantages of Commercial Real Estate Loans

If you have good credit and you’re purchasing an asset with a favorable loan-to-value (LTV) ratio, you might be able to secure a low APR. Some lenders offer commercial real estate loans with interest rates as low as 3%.

However, if you have bad credit and opt to go through a hard money lender, the world of commercial real estate loans can be a lot different, and a lot more expensive. Not only may you face higher interest rates, but there could be prepayment penalties, balloon payments and more attached to your loan.

13. Personal Loans for Business Use

Some business owners use personal loans for business expenses; however, not all lenders allow it. Small business owners who are trying to get a new business up and running might consider this option since approval relies only on their personal credit and not a business credit score they probably haven’t established yet.

Loan amounts on personal loans are typically smaller than you might be able to secure with business financing options. And the maximum amount you can borrow may hinge on your personal debt-to-income (DTI) ratio. The average interest rate on a personal loan was around 9% in August of 2021, according to the Federal Reserve.

Advantages and Disadvantages of Personal Loans for Business

Using a personal loan to fund your business can sometimes be an easy financing solution for certain business owners. Yet when you put your personal credit on the line, the decision could come back to haunt you. If your business cannot keep up with the payments, you’ll be personally liable and your credit scores might drop. Furthermore, some lenders won’t allow you to use personal loan funds for business purposes.


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2022’s Top 5 Best Credit Cards for Bad Credit With Guaranteed Approval | Paid Content | Cleveland https://goodbyepertbreasts.com/2022s-top-5-best-credit-cards-for-bad-credit-with-guaranteed-approval-paid-content-cleveland/ Mon, 03 Jan 2022 09:05:16 +0000 https://goodbyepertbreasts.com/?p=1936 click to enlarge Improving or repairing your credit score can help you gain access to renters, lenders, and potential future employers. If you have poor credit ratings between 300 and 579, you can benefit from a card made specifically for you. We have compiled a list of the best credit cards for bad credit to […]]]>

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Improving or repairing your credit score can help you gain access to renters, lenders, and potential future employers. If you have poor credit ratings between 300 and 579, you can benefit from a card made specifically for you.

We have compiled a list of the best credit cards for bad credit to make it easier to find one that meets your needs. While the number of credit cards available to you will be limited, there will still be plenty to select from.

The majority of these choices have low qualification requirements or are secured credit cards, making them available to nearly anyone. On-time payments and keeping a low balance with one of these cards can help improve a bad credit score.

Top 5 Best Credit Cards for Bad Credit in 2022:

  1. OpenSky: Overall Best Credit Card for Bad Credit; No Credit Check
  2. Surge Mastercard: Top Credit Card Lenders for Poor Credit Score
  3. First Access Card: Trusted Credit Card Lender for Personal Accounts
  4. FIT Mastercard: Secured Credit Card for Bad Credit
  5. Reflex Mastercard: Credit Card for Low Credit Scores

Here are the detailed reviews of our top picks:

#1. OpenSky: Overall Best Credit Card for Bad Credit; No Credit Check

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OpenSky is a well-known company that has been in operation since 2018. Despite the fact that they are new to the market, they are growing increasingly famous. Their primary purpose is to offer you the best online services as well as fantastic deals.

OpenSky might be of great assistance if you wish to grow your business. So, regardless of how big or small your business is, they can provide you with a wide range of services. Starting with their famous credit card, which can be used anywhere, it allows you to buy a variety of products such as clothing, food, household goods, and so on.

Furthermore, they aim to assist you in improving your credit score. So, when you apply for their credit card, you will gain the benefits of a higher credit score, and you can always get free of charge verification on your past and current record score.

⇒ Visit the Official Website of OpenSky

Highlights

  • They report to all three main credit agencies — TransUnion, Equifax, and Experian.
  • Customer Portal is specially designed to help you navigate your past and current credit history.
  • It is easy to fill out an application form that you can find on their official website. All you need to provide is some personal information, such as your name, date of birth, address, phone number, and so on.
  • It takes around 12 to 14 business days for your request to be processed.
  • Their great customer care team will contact you back as soon as possible to inform you if you have been approved.
  • They do not check your credit history. So even if you have a bad credit score, you can get one of their credit cards.
  • Their terms and conditions are completely transparent, and they do not have any hidden fees.
  • They use encryption to keep all of your personal information safe and out of the hands of scammers.
  • You can use the card to pay for items such as groceries, recurring bills such as your phone bill, or any other bills.
  • OpenSky does not require you to have a bank account before you can open an account with them.
  • They offer various significant perks, but they are mostly focused on account management to assist you in improving your credit score.

Pros

  • Legitimate company
  • Simple application process
  • No credit check
  • Fast approval
  • Many satisfied customers
  • High customer ratings
  • Transparent about their fees
  • 2% cashback guaranteed in specific shops

Cons

  • Many additional fees
  • Charges an annual fee
  • Must meet eligibility requirements

#2. Surge Mastercard: Top Credit Card Lender for Poor Credit Score

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This is a credit card for people with a bad or poor credit score. The card’s provider, Celtic Bank, considers applicants with poor credit. However, it is not a secured card, and they do not require an upfront security deposit upon approval, unlike most credit cards geared at the subprime market.

Continental Finance reports your payment history to all three major credit agencies, TransUnion, Experian, and Equifax, same as OpenSky. They are allowing cardholders and you to establish credit through responsible use.

The Surge card will help you improve your credit history, but it will cost you money. Depending on your creditworthiness, the card may come with a high annual cost.

⇒ Visit the Official Website of Surge Mastercard

In addition to the potential charge, the card has monthly maintenance fees that the company is completely transparent about. Before purchasing this card, you need to make sure you have all of your debts completely paid off so you can reap the benefits the card has to offer.

Highlights

  • The Surge Mastercard has an initial credit limit of $300 to $1,000. Also, you can extend your credit limit if you make your first six monthly payments before the due date.
  • You can always make an effort to pay your monthly debts on time and also inform your lender of any changes to your income to increase your credit.
  • This Mastercard has an initial credit limit that starts from $300 to $1,000. In six months, you could be qualified for a credit limit increase, which benefits your overall credit score.
  • They perform monthly credit bureau reporting to all three major bureaus.
  • The application process is quick and simple, with results in seconds. So, you do not have to wait for approval in 12 to 14 business days.
  • You can use your credit card at any store and location since Mastercard credit cards are accepted worldwide.
  • Zero Fraud Liability Protection means your personal information is completely secure from the hands of thieves.
  • You also get a free checking account; in this way, you will be able to check all of your payment histories and future payments.
  • You can also check your credit score for free, any time you like.
  • They have a great customer care service that is here to help you 24/7.

Pros

  • Great customer reviews
  • Simple application process
  • Build your credit score
  • Qualify for a higher credit limit in six months
  • Transparent about their fees
  • Great customer care service
  • No credit check

Cons

  • Annual fee up to $99
  • High APR when compared to other cards

#3. First Access Card: Trusted Credit Card Lender for Personal Accounts

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The Bank of Missouri issues the First Access Visa Card under license from Visa Inc. This card is famous among thousands of people who have bad credit, and now they are enjoying the benefits of using this card.

If you have had credit problems in the past or want to improve your credit, being approved for a new credit card can be challenging. In such cases, the First Access Visa Credit Card attempts to attract customers. The card features an easy application process and makes it plain on its website that you do not need a high credit score to apply.

The First Access Card is a genuine Visa credit card that does not require a flawless credit score to be approved. All you have to do is fill out a simple online application form and receive a response in less than 60 seconds. They offer a fast approval time, so you do not have to wait for days to get approved.

⇒ Visit the Official Website of First Access Credit Card

Highlights

  • They provide a simple online registration and application form. All you have to do is visit their official website and fill out the application form with personal information such as your phone number, SSN, email address, home address, and so on.
  • You must be at least 18 years of age or older if you would like to register for the card.
  • Once you fill out the form, you can expect approval in one minute. They have a fast approval time, so you do not have to wait a long period.
  • The credit limit of $300 might increase depending on your payments.
  • As long as you consistently make your payments before the due date or on the exact due date, you might see that your credit score is increasing with time.
  • The company is making monthly reports to the three major credit reporting agencies to help you improve your credit score.
  • They may accept you even if you have a bad credit score, while most other companies are not able to do the same for you.
  • You can request an increase in your credit limit after your second year.

Pros

  • Transparent about additional fees
  • Simple application process
  • User-friendly website
  • Credit limit of $300
  • Accept bad credit holders
  • Fast approval time

Cons

  • High annual fee
  • Additional fees are required

#4. FIT Mastercard: Secured Credit Card for Bad Credit

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The FIT Mastercard is for customers wanting to repair or create credit, and it provides monthly payment data to all three major financial bureaus. There is an initial credit limit of $400, and after six months, you may be eligible for a credit limit increase. This card is available for everyone who chooses online accounts and who would like to examine their score for free every month.

However, you will have to pay extra fees to use this card, and you will not get any points. This card can help you improve or develop your credit score, but it also comes with an annual percentage fee that you need to take into consideration before applying.

⇒ Visit the Official Website of FIT Mastercard

Highlights

  • You can always apply for a FIT Mastercard and get approved since they do not perform credit checks.
  • They are reporting to all three major credit agencies to help you improve your credit score.
  • The credit growth limit growth is as large as the original limit. So, your initial limit is $400, which doubles to $800 simply by making your six-month payments on your due date or any time before your due date.
  • You only need to be at least 18 years old and have a personal checking account to verify the card.
  • All you need to do is pull up their main website and fill out the application. It will take you only a few minutes, and all you need to enter is some of your personal information, such as your name, SSN, home address, and so on.
  • You will know in one minute if you are eligible and if you are approved for the card.
  • They provide free access to your Vantage 3.0 score.
  • You can use the FIT Mastercard worldwide and anywhere they accept Mastercard. This means you can do online shopping for home items, clothes, and much more.

Pros

  • Great customer ratings
  • Friendly and highly rated customer care representatives
  • Credit limit of $400
  • Mobile app for both Android and iOS
  • Free credit score

Cons

  • High APR
  • Many additional fees
  • Charges monthly free from the second year and on

#5. Reflex Mastercard: Credit Card for Low Credit Scores

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This card is issued by Celtic Bank and has a variable interest rate and a lower-than-average credit line. But with financial responsibility, this credit card can help you a lot.

For starters, if you have good credit, this card is not for you. Reflex designs this card exclusively for clients who want to improve their bad credit score without incurring a lot of debt. This unsecured credit card provider will disclose your payment and balance history to all three major credit agencies each month and will give you the possibility to double your credit limit within the first six months.

But, that is not the only thing this card has to offer you. Despite the bundle fees and high APR, this card can be perfect for people trying to improve their credit score in no time.

⇒ Visit the Official Website of Reflex Mastercard

Highlights

  • You get a credit limit of up to $1,000 that can double in six months for up to $2,000. All you have to do is make all of your first six payments on time.
  • You can check to see whether you are pre-qualified without affecting your credit score.
  • Even if you have a bad credit score or no score at all, you can still apply for a credit card.
  • Access to your Vantage Score is unrestricted, meaning you can always check your status without any additional fees.
  • They report monthly to the three major credit bureaus to help you increase your credit score.
  • The application process is easy and simple. All you have to do is visit their main website and fill out the simple application form with your personal information such as your name, home address, SSN, phone number, and so on.
  • The approval process takes around one minute up to a few minutes. Overall, you will be approved in a fast period of time, and you do not have to wait for a few days to get approved.
  • Many users are completely satisfied by the great customer service and their overall help with many credit card questions.

Pros

  • Transparent about additional fees and services
  • Fast approval
  • Great customer care service
  • Amazing reviews by their customers
  • You can use their card anywhere
  • Credit limit of up to $1,000

Cons

  • Many additional fees
  • High APR

How We Made This List

To create our list, we evaluated many options to identify the best credit cards for bad credit. The most important criteria we took into consideration includes:

The interest rate of a credit card is the cost of borrowing money. This is referred to as the annual percentage rate. Due to the fact that applicants with bad credit are more likely to default on their payments, credit cards for bad credit often have higher interest rates. We looked at whether a card’s APR was competitive and how it compared to the industry average.

Annual fees and security deposits are common on credit cards for people with low credit scores. They may also include some hidden fees for products such as replacement cards. We took into consideration the cards with low fees and those who are completely transparent regarding this issue.

Although you will not be able to gain top-tier rewards if you have a bad credit score, there are a few options that can allow you to earn money on your purchases. While rewards may not be the most crucial element to consider when looking for a credit card for low credit, we nonetheless prioritize cashback cards.

Many cards allow you to boost your credit limit, as well as provide tools to track your credit score for free. Also, many companies provide you with enhanced security and regular reporting to the major financial bureaus. Some of these advantages can significantly improve your credit score.

Buying Guide

There really is no single best credit card for rebuilding credit because, when used appropriately, any card can improve your credit score for free if it is fully repaid every month. In so many ways, having a good credit score can make your life easier.

It not only makes it easier to get approved for many popular credit cards, but it also means you will get better mortgage and car loan terms. Credit ratings can even influence whether or not you can rent an apartment, the insurance rates you pay, and whether or not you are hired for a new job.

  • Credit scores are divided into five categories, ranging anywhere from low to excellent. An outstanding score falls in the 800 to 850 range.
  • An excellent score varies from 740 to 799.
  • A very good credit score varies from 670 to 739.
  • A reasonable credit score varies from 580 to 669.
  • A poor or bad credit score varies from 300 to 579.

Factors That Have an Impact on Your Credit Score

  • Payment History: Paying your invoices on time each month establishes a good payment history with lenders. Also, it helps you demonstrate your ability to pay back your loans.
  • A Mix of Accounts: Lenders prefer to see a combination of loans and credit cards to demonstrate that you can appropriately manage both. Credit cards reflect your capacity to resist spending your credit limit, whereas loans demonstrate your ability to make regular payments.
  • New Credit Cards: The inquiry from each credit application might linger on your credit record for up to two years. When you apply for many credit accounts in a short period of time, lenders assume you are in financial problems.

What to Look for in the Best Credit Cards for Bad Credit

  • Fees that are not disclosed: While some credit cards have no annual fee, they may include an application fee or monthly fees.
  • A grace period: The grace period refers to the number of days you have after the statement credit closes to pay the debt without incurring interest. For this feature, the longer the grace period, the better. The best credit cards for bad credit offer more than a 25-day grace period.
  • Fees for international transactions: Banks might charge you up to 3% or more of the transaction value as a fee when you travel internationally or buy anything online from another country. This cost is fully waived with some of the credit cards that we have mentioned.
  • Fees for late payments: What is the penalty for paying late on a credit card? Late fees vary, although most charge around $30, with a few issuers waiving late costs entirely.
  • Fees for going over the limit: Many credit cards have low beginning limits, making it simple for customers to exceed them. Make sure you pay enough attention to the fees charged by your credit card and use it cautiously to prevent exceeding your credit limit.

Frequently Asked Questions

Q1. In terms of credit cards, what does “poor or bad credit” imply?

A credit score of less than 630 on a scale of 300 to 850 is considered bad credit. Credit scores indicate how hazardous or safe it is to lend money to someone. The lower the score, the larger the risk. Suppose you have made a series of credit blunders, such as missing payments or having invoices handed over to collection agencies.

Your credit score may fall into the bad credit score category. Also, if you are new to credit, you may not have a credit score at all, which is functionally identical to negative credit in many ways. So, you will be seen as a higher risk because you have not yet proven your ability to manage borrowed funds.

Q2. Is it possible to receive a credit card with poor credit?

There are credit cards specifically tailored for those with bad credit from several credit card companies. All of the above-mentioned companies are some of the best on the market. These are typically starter cards, meaning they do not offer any rewards or privileges, carry high-interest rates, and have hefty fees.

Secure credit cards involve a cash deposit that the card issuer holds as collateral in the event you fail to pay your payment. When you close your account in good standing or upgrade to a normal card, you will receive that money back.

Q3. Is it possible to repair my credit with a retail credit card?

A store credit card could be a good alternative for people with weak credit because it has a low entrance barrier and allows you to develop credit while earning rewards at your favorite store. However, retail credit cards have significant disadvantages, such as high APRs, limited acceptance, and so on. The benefits may sometimes tempt you to overspend.

Q4. Is it possible for a credit card company to put you on a blacklist?

While there is no official blacklist, if you have previously not paid your debts towards a credit company, they may be hesitant to extend you new credit for years. According to one consumer reporting organization that collects reports of fraud or checking account misuse, it may notify you if you have a history of failed checks or if you are refusing to settle a negative balance at your bank. They will keep track of your activity for years to make sure you are not misusing the credit card.

Q5. Should I expect rewards?

Many credit cards provide you incentives for your purchases, but the majority do not. While getting cashback is a big advantage, bear in mind that rewards are only useful if you do not go overboard with your shopping and do not carry a balance.

Q6. What does “pre-qualification” imply?

It is worth noting that certain credit cards for those with bad credit may pre-qualify you online without a formal credit investigation. Instead, pre-qualifying will result in a soft query on your credit report, which will not have the same impact as a hard inquiry.

Q7. What is the difference between secured and unsecured credit cards for bad credit?

Secured cards demand an initial deposit, which acts as an additional layer of protection for the card issuer if you fail to make payments. Your credit limit is frequently determined by the deposit that you make. However, you may be given a credit line that exceeds your original deposit.

Unsecured credit cards do not require a deposit, unlike secured credit cards. You can buy things, charge them to your account, and then pay off the balance. Unsecured credit cards for those with bad credit, on the other hand, are more likely to have hidden fees and higher than average interest rates.

Q8. Is it possible to be approved for a credit card without a bank account?

Obtaining a credit card without a bank account will be extremely tough. Even most deposit-backed cards require you to have a bank account.

Your bank account information is not shown on your credit report, and it has no bearing on your credit score. Lenders, on the other hand, look at your checking savings to see if you have the financial means to take on extra debt.

If you do not have a bank account but have a credit card, you can pay your security deposit with a money order or have someone submit a check on your behalf to the issuer.

Q9. Is a deposit required for all secured credit cards?

Regular “unsecured” cards do not require a cash security deposit. However, secured credit cards must. To establish your secured card account, you must deposit money first, often $200 or more. The deposit is meant to safeguard the issuer if you fail to pay your bill.

Q10. Is it possible to transfer a balance with bad credit?

Although a balance transfer with bad credit is technically conceivable, it is unlikely to be practical. The only balance transfer cards you are likely to qualify for are secured cards, so it is usually best to focus on paying your bill and developing your credit for a while until you get eligible for better balance transfer cards.

Q11. What is APR?

APR makes it easier to compare different cards. This is because every credit card APR is computed in the same way, using the same spending amounts and credit limits. All APRs are based on the same credit limit.

Furthermore, they always presume you would spend the entire amount on the first day and then repay it in equal, monthly installments for a year with no additional expenditure. Also, they do not take into account any other interest you might be paying on your card.

The APR is also determined by the sort of interest rate that applies to the majority of cardholders. Because many individuals use credit cards to make purchases, this is usually the Standard Purchase Rate.

Conclusion

The most crucial reason for someone with bad credit to use a credit card is to improve their minimum credit score and develop excellent financial habits. Any card on our list must report regular payments to the three major financial agencies as a general rule.

In our list, we have provided you with pre-qualification prior to application and credit-building tools to aid in the improvement of your credit score. We hope we have provided you with the most crucial features about each of the credit cards for bad credit for you to decide on which company to choose from our list of best credit cards for bad credit.


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7 Best Auto Refinance Companies of January 2022 https://goodbyepertbreasts.com/7-best-auto-refinance-companies-of-january-2022/ Mon, 03 Jan 2022 09:05:10 +0000 https://goodbyepertbreasts.com/?p=1939 The best auto refinance companies offer competitive interest rates and transparent, reliable service. According to RateGenius’ November Auto Refinance Rate Report, the current car refi interest rate has grown fractionally to 5.36%, many borrowers can still save an average of $100+ a month. Read on to see our top picks of January 2022 and learn […]]]>

The best auto refinance companies offer competitive interest rates and transparent, reliable service. According to RateGenius’ November Auto Refinance Rate Report, the current car refi interest rate has grown fractionally to 5.36%, many borrowers can still save an average of $100+ a month.

Read on to see our top picks of January 2022 and learn how to get the best loan terms that fit your needs.

Our Top Picks for Best Auto Refinance Companies

Best Auto Refinance Company Reviews


Pros

  • Offers in-depth reviews of their partner lenders, with comparison tables for competitor offers
  • Quote request form takes less than five minutes

Cons

  • You may not qualify for the advertised rates, as this depends on the lender
  • Offers may have some limits, depending on the lender


HIGHLIGHTS

Loan Amounts
Varies by lender
APR Rates
Starting at 2.99%
Loan Terms
36 to 72 months

LendingTree is a marketplace where you can compare rates for just about any financial product, including auto refinance loans.

We really liked the company’s Auto Refinance Rates comparison tool, which allows you to input your zip code, loan amount, and estimated credit score, and then get examples of potential offers for refis with terms between 36-72 months (with several offers for each term).

LendingTree also features individual reviews for lenders, a refi calculator, and educational resources to help determine whether a refi is the right choice for you.

Finally, it also has its own customer support team, so borrowers can get help regarding any questions they might have about their potential lenders.

Why we chose it: We chose LendingTree as the best marketplace thanks to its variety of tools and resources to help consumers. We particularly liked how easy it was to compare offers quickly without obligation.


Pros

  • Prequalify with a soft credit check
  • 150+ partnered auto refinance companies
  • Allows co-applicants

Cons

  • Requires a hard credit check
  • Approval can take up to 48 hours


HIGHLIGHTS

Loan Amounts
Varies by lender
APR Rates
Starting at 2.99%
Loan Terms
36 to 72 months

rateGenius

, another rate comparison site, offers refinancing options that match your existing term length so you don’t pay more over the life of the loan.

If you can get a better rate with one of their lenders, you’ll work directly with rateGenius’ lending specialists to complete your loan application process. The broker attempts to streamline this process, though borrowers with lower credit scores may find that their lender requires more paperwork.

rateGenius also handles back-end work, such as making sure your old loan gets paid off on time and that your new auto loan is set up correctly.

Be mindful that rateGenius is best suited to people who are serious about refinancing rather than looking around for rates, as the broker does require a hard credit pull. If rateGenius considers you ineligible for an offer from their partner lenders, they won’t perform the pull.

Why we chose it: We chose rateGenius as runner-up for best marketplace because of its large network of lenders, handling of back-end work, and acceptance of co-applicants.


Pros

  • Rates as low as 1.99% with no application fee
  • 94% loan approval rate
  • Allows co-applicants

Cons

  • Vehicle restrictions
  • May require a down payment
  • May charge a prepayment penalty


HIGHLIGHTS

Loan Amounts
$2,500 to $100,000
APR Rates
Rates start at 1.99%
Loan Terms
24 to 84 months

Online marketplace Autopay has a large variety of available offers, thanks to a wide lender network of credit unions, banks, and other financial institutions.

Autopay offers various loan options for refinancing your car, including industry rarities such as cash-out refinance loans and lease buyouts. The company also promises to work with borrowers with credit scores as low as 600 to help find them suitable rates.

Moreover, if you’ve improved your credit score since taking out your original loan, Autopay may offer you lower interest rates, lower monthly payments or shorter loan terms.

Note that accessing the lender comparison requires a soft credit check, which won’t affect your score. Once an offer is chosen, then they’ll perform a hard credit pull, which may change the quoted terms if there were any inaccuracies in the income or vehicle data.

Why we chose it: We chose Autopay as best for the largest variety of refinance options because its large network of lenders allows the company to access a wide array of loan options.


Pros

  • Ability to refinance 100% of your car loan balance
  • Provides rate discounts for using its car buying service
  • Easy online application takes less than five minutes
  • No prepayment penalties

Cons

  • Excellent credit required for best rates
  • Membership required
  • PenFed auto loans aren’t eligible
  • No cash-out refinance or lease buyout


HIGHLIGHTS

Loan Amounts
Up to $100,000
APR Rates
Starting at 1.79%
Loan Terms
36 to 84 months

Pentagon Federal Credit Union offers some of the lowest rates for auto loan refinance on the market, starting at 1.79% for a new car refinance and 2.39% for a used car refinance.

If you’re the vehicle’s original owner and the car is a 2020 model or newer, you could even qualify for a new car refinance loan. Optional add-ons include Guaranteed Asset Protection (GAP), an extended warranty and debt protection.

PenFed membership is open to everyone. To become a member you must:

  • Go online and enter your name, phone number and email address
  • Open a savings/share account with a $5 deposit

Why we chose it: We chose PenFed as best for low auto refinance rates because not only are they some of the lowest available, the credit union also offers good perks, such as rate discounts and zero prepayment penalties


Pros

  • No credit minimum
  • Specializes in borrowers with bad credit
  • Offers cash-out refinancing

Cons

  • Partner lenders may have high interest rates for low credit applicants
  • Requirements, rates and loan terms not available online
  • Options limited to the Auto Credit Express dealership network


HIGHLIGHTS

Loan Amounts
Not provided online
APR Rates
Not provided online
Loan Terms
Not provided online

Auto Credit Express specializes in helping applicants with poor to average credit get better loan rates — including those who owe more than their car is worth.

It does this by connecting you to one of its specialized indirect lenders from what they call “the largest selection of bad credit car dealers across the country” or via its finance department. However, a score of 580 is recommended.

Auto Credit Express also has excellent resources, including in-depth blogs and instructional videos for those looking to learn more about the lending industry.

Why we chose it: We chose Auto Credit Express as best for low credit because it’s one of the few companies that specializes in borrowers with poor credit scores.


Pros

  • 30 days to decide
  • No application fee
  • Minimum credit score requirement of 575

Cons

  • Not available in Alaska or Hawaii
  • Maximum vehicle mileage of 125,000 miles (or 120,000 miles for private party loans)
  • Maximum vehicle age: 10 years


HIGHLIGHTS

Loan Amounts
Minimum $8,000
APR Rates
APR as low as 1.99%
Loan Terms
24 to 84 months

MyAutoLoan.com connects borrowers with fair credit with lenders offering competitive rates and a wide variety of auto financing options.

The company’s main focus is low-interest loans, whether you’re buying from a private party, refinancing your car or purchasing a motorcycle.

Before submitting an online application, MyAutoLoan recommends having a minimum income of at least $1,800 per month and a credit score of 575 or higher.

MyAutoLoan.com’s partners don’t offer loans lower than $8,000, and the service will carry out a hard credit inquiry. With that in mind, don’t apply unless you’re serious about refinancing your loan.

Why we chose it: We chose MyAutoLoan.com as best for fair credit thanks to its competitive rates, range of financing choices, all of which are available to borrowers with a minimum credit score of 575.


Pros

  • No restrictions on car mileage or age
  • Lease buyout available
  • No fees or prepayment penalties

Cons

  • High credit requirement
  • Hard credit pull required to apply
  • No cash-out refinancing


HIGHLIGHTS

Loan Amounts
$5,000 to $100,000
APR Rates
Starting at 2.49%
Loan Terms
24 to 84 months

Lightstream is an online lender backed by Truist Bank, previously known as SunTrust Bank. It stands out for its low rates and flexible vehicle requirements on auto loans. The lack of car mileage or age restrictions means customers can refinance new, used and even classic cars.

Furthermore, its Loan Experience Guarantee features a $100 reimbursement if you’re not satisfied after finalizing the loan.

Applicants who meet the high credit requirements (good credit to excellent) can also enjoy same-day funding and fixed, low-interest loans.

Why we chose it: We chose Lighstream as best for great credit because of its low rates, lack of vehicle restrictions, and Loan Experience Guarantee — all of which are only available to applicants with good credit.

Other Auto Refinance Companies We Considered

RefiJet


Pros

  • The annual percentage rate (APR) starts at 2.49%
  • Offers lease buyout and cash-out refinance loans
  • Pre-qualify with soft credit pull

Cons

  • Vehicles must be less than 10 years old
  • Mileage must not exceed 150,000 miles
  • No consumer experience data on the CFPB database

While RefiJet considers a range of credit histories, the company’s requirements considerably limit the type of cars that can be refinanced.

Auto Approve


Pros

  • Low starting rate and no application fee
  • Terms range from 12 to 72 months
  • Offers lease buyout option
  • Pre-qualify with a soft credit check
  • No application fee

Cons

  • No standout features to rank in our top picks
  • Minimum monthly income requirement of $1,500
  • 2.25% APR only applies to vehicles from 2019 or newer
  • Vehicles must be less than 10 years old

Auto Approve didn’t make our top picks because it didn’t have any standout features that differentiated the company from its competition.

Lendingclub


Pros

  • Loan marketplace favorable to lower credit scores
  • Pre-qualify and compare rates from multiple lenders
  • Performs soft credit check for pre-qualification purposes

Cons

  • Vehicles must be less than 10 years old
  • Mileage must not exceed 120,000
  • Wide range of APR rates: 3.99% APR to 24.99%

Lendingclub did not make the cut due to its high APR rates and limiting requirements for refinancing cars.

Bank of America


Pros

  • Rates start at 3.19% APR
  • Loan terms range from 48 to 72 months
  • Offers lease buyouts
  • Car loan calculator to help determine savings

Cons

  • Vehicles must be less than 10 years old
  • Mileage must not exceed 125,000 miles
  • Your car must be valued at $6,000 or more

While Bank of America offers good starting terms, these are only for qualified applicants.

Capital One


Pros

  • Online pre-qualification and loan application
  • Soft credit inquiry
  • No prepayment penalties

Cons

  • Minimum monthly income requirement ranges from $1,500 to $1,800
  • Vehicle must be less than 7 years old
  • Late payments are met with fees

Capital One may require that borrowers pay down the balance of their current car loan if their payoff amount is higher than the company’s limits.

Tresl


Pros

  • 100% digital experience
  • Once you receive an offer, a Tresl financial advisor guides you through the process, according to your needs

Cons

  • Some partner lenders may charge an application fee
  • Requires an application to disclose partner lenders, sample terms and even minimum requirements
  • No 24-month terms

We didn’t like Tresl’s lack of transparency, as it requires potential borrowers to input their data to give any information on potential offers or requirements.

OpenRoad


Pros

  • Loan terms of up to 72 months
  • Co-applicants allowed

Cons

  • Best rates only for borrowers with good credit- if not, they can go as high as 24.00%APR
  • Maximum vehicle age of 8 years
  • Specific car makes are ineligible, including smart cars, Daewoo, and Isuzu among others

OpenRoad didn’t make our cut because of their limiting requirements – we also don’t recommend loan terms over 60 months.

Ally Clearlane


Pros

  • Prequalify with a soft credit pull
  • Allows cosigners
  • Provides auto refis through Ally Direct Lending

Cons

  • Vehicles must be less than ten years old
  • Not available in Nevada, Vermont, or Washington D.C.
  • Minimum monthly income of $2,000
  • Must fill out an online application to get info on terms

We didn’t include Ally Clearlane in our top list due to its lack of transparency, which requires potential borrowers to go through a pre-qualification to get any information.

Auto Refinancing Guide

Refinancing can give access to better interest rates when your credit history has improved since taking out your current auto loan. However, it’s not a decision to be made lightly, as it may mean additional fees and a hit to your credit score. Read on to learn more.

How does refinancing a car work?

There are two main ways to refinance your car: traditional and cash-out refinance.

Traditional auto refinance

Refinancing a car generally means taking out a new loan to pay off the balance on your existing auto loan, ideally for a lower rate. Since your original loan is replaced by a new financial obligation, you gain a new APR and new term length. As an added bonus, your car insurance premiums are likely to go down as well. If you’re looking to change insurers, you can also check out our list of the best car insurance companies of December 2021.

Cash-out auto refinance

A few auto refinance companies also offer cash-out auto refinances, in which your new loan covers your existing balance and provides an additional amount of money. While this may have lower interest rates than other options, such as personal loans or credit cards, your monthly payments will go up. This type of loan also has a higher risk of going upside-down.

Before beginning the process, make sure it’s the right solution for you and whether you meet the qualification requirements. Carefully consider the following:

– Does your existing loan have a prepayment penalty? If so, crunch the numbers to see whether an auto refi makes sense.

– Is your loan balance higher than the car’s market value? First, check your car’s value on Kelley Blue Book. If you’re underwater, or owe more than the car is worth, it’ll be very difficult to refinance.

– How old is your car and how much mileage does it have? Auto refinance lenders have restrictions you’ll have to meet. Many won’t offer loans for cars older than 10 years or that have over 120,000 miles.

– Are your loan payments up to date? If you’re behind on payments, many lenders won’t consider you a viable candidate.

– Do you meet the lender’s minimum balance requirements? Each lender has a maximum and a minimum loan amount they’ll refinance. If your loan’s current balance is too low or too high, you may not qualify. Many loan providers also have minimum loan amounts (and maximums) to consider.

– Is your car “branded”? Auto refinance companies won’t refinance cars that are branded, such as rebuilt, salvaged or commercial vehicles.


Pros

  • Refinancing with a longer term decreases your monthly car payments
  • Can save you money in the long run if you refinance to a shorter term
  • May obtain lower interest rates
  • No down payment necessary

Cons

  • Extending the loan repayment term will increase the total interest you’ll be paying
  • Shortening the loan term increases your monthly payments
  • Prepayment penalties and refinancing fees can offset any interest rate savings
  • Lenders may charge an origination fee on the new loan
  • Older cars or cars with high mileage may not be eligible
  • A “cash-out” refinance will result in higher payments over the next several years

When can you refinance a car loan?

Deciding when you should refinance your loan depends on a number of factors. While a refinance is technically possible even on a new loan, there are some conditions under which it makes the most sense.

  • Your current deal isn’t great: It’s currently the worst time to buy a car, thanks to global shipping issues and high demand, and if you didn’t do some careful comparison shopping between dealers when you bought your car, your loan may not have the best terms or rates. For instance, if your current APR is around 20-25%, you might be able to get a better offer by shopping around. This is particularly true if your loan is two years older or more, as many loans with high APRs charge most of the interest amount during that time period.
  • Your credit score has gone up: An improved credit score will likely give you access to much better terms and lower interest rates.
  • Your current loan payments are too high: Whether you’ve lost your job or your budget changed, a refinance can lower your monthly payment by extending the loan’s term length. This does mean you’ll pay more in interest over the long run, but sometimes that may be the least bad choice.

How to refinance a car loan

Once you’ve weighed your options and decided a refi is the way to go, follow these simple steps.

7 steps to apply for an auto refinance

  1. Check the health of your credit score – If you have good credit, you’ll likely get a better deal. This may be a good time to find and dispute any incorrect information in your credit report.
  2. Gather all the information about your current loan – Having all your information at hand will help speed the application process.
  3. Research new lenders and compare rates – While it may take some time, thoroughly researching your new lenders and loan offers to find the best auto loan can not only help you compare rates, but also identify any potential red flags. You can also see whether your current lender offers a competitive refinance option.
  4. File for prequalification – Getting a pre-approval, when available, presents you as a good candidate for a refinance.
  5. Submit an application – Once you’ve gathered all your documents and have chosen a lender, it’s time to apply.
  6. Evaluate the terms – Carefully read the loan’s fine print and terms. Check whether you can keep your current insurance policy under the new lender’s requirements.
  7. Finalize the loan – Remember to make sure to keep making your payments until the refinance is finalized.

Documents Needed To Refinance Your Auto Loan

To refinance any kind of loan, some documentation is required. These pertain to personally identifiable information, income, residence and your car’s specifications, among others.

Here’s a detailed list:

☑ Social security number
☑ Employment information
☑ Residence information
☑ Driver’s license
☑ Car registration and mileage information
☑ Proof of insurance

Auto refinance and your credit score

Refinance lenders typically conduct a soft pull on your credit for pre-qualification, and then a hard inquiry or hard pull on your credit when you actually apply. The former will have no effect on your score, but the latter will drag you down by a few points.

To minimize the drop, make sure to loan shop within a 14-45 day window, as credit bureaus and the VantageScore vs FICO Score systems will count these as one single pull.

Unauthorized hard inquiries aren’t unheard of, so make sure the lender is trustworthy. If you find unauthorized inquiries on your report, here are steps you can take to remove negative items on your credit report.

Your credit score will also drop slightly after finalizing the loan because a refinance counts as new debt. Since this new account is effectively replacing an older debt, the credit drop should be negligible.

In any case, remember to keep making your payments on your current loan until the refinance has gone through. Otherwise, your credit could be affected.

How to refinance a car loan with bad credit

Even if your credit score has gone up, if it’s still under 640, getting the best rates on an auto refinance is unlikely. There may be, however, some cases in which refinancing may be beneficial:

If auto loan rates have gone down – While new-car rates are different from refinance rates, you may have some wiggle room.
If your goal is a lower monthly payment – If your main refi driver is decreasing your monthly payment, this may mean extending your loan term. The downside is that this will extend the life of your debt, and you’ll therefore pay more in interest as well.

If you’re determined to refinance your car loan despite a spotty credit history, follow the steps outlined above. It may make sense to check out competing offers on a marketplace website such as LendingTree or rateGenius. You may also be able to get a better deal with a lender that allows you to add a co-signer to your loan.

Finally, if you can’t find a good deal, taking steps to fix your credit may end up your best move in the long run. An improved credit score will affect every area of your finances, not just your auto loan refinancing. While most credit repair strategies are possible to do yourself, if the time commitment is too high, you may want to check out our list of the best credit repair companies.

How to refinance a car lease

Refinancing a car lease can reduce the high rates on a leasing agreement. Before deciding, however, consider the pros and the cons:


Pros

  • Reduce high interest rates
  • Lower monthly payment

Cons

  • Lose out on the money that you already paid into the lease
  • Pay more in prepayment penalties

If refinancing isn’t the best option for you, speak with your lender about a lease replacement — swapping out your current lease for one with more favorable terms and rates.

Options for breaking your car lease include:

  • Transferring the lease
  • Selling your car back to the dealership
  • Selling the vehicle to another person

Each of these has associated costs, so evaluate each alternative thoroughly before deciding how to proceed.

Latest News in Auto Refinance

Two recent reports by ConsumerReports and the Consumer Finance Protection Bureau (CFPB) found that the lack of federal interest rate limits in the auto loan industry has left many consumers, particularly those with poor credit scores, prey to inflated interest rates. To find out more, check out “Auto Lenders May Offer High Rates Based on ‘What They Think They Can Get Away With’, New Study Says.”

One of the best ways to get a better deal on your refinance is to improve your credit score. Our article on How to Build Credit Fast can get you started.

We mentioned above that some lenders or marketplaces require hard credit pulls or soft credit pulls… but what’s the difference? If you’re not sure what each one does (and how each affects your credit, read our article Hard vs. Soft Credit Check: What’s the Difference, and What Do They Mean for Your Credit Score?


Auto Refinance Companies FAQ

How to refinance a car

To refinance an auto loan, gather all the necessary documents. Then, evaluate your credit profile, your car’s information to determine if refinancing is beneficial and if you qualify. Lenders will post their requirements online and some even allow you to file for pre-qualification.

Before starting the application process, shop around and compare offers from different lenders. When you settle on the best one, submit a formal application and wait for the lender’s formal offer. If accepted, you can finalize the document, settle the previous loan, and start your loan payments with the new lender.

When can I refinance my car?

You should refinance an auto loan if it helps you save money, when you have a good credit score or when your score has improved. Refinancing your car loan with better credit can get you better loan interest rates, and help you negotiate for a reduced loan term length.

You shouldn’t consider refinancing your car loan if you’re financially stressed or if your loan value goes underwater, meaning that the loan’s value is higher than what your car is worth. This type of loan will impact your loan to value ratio, and significantly reduce the chances of receiving favorable loan terms for a refinance.

Can I get a loan with bad credit?

You can get a car loan with bad credit, but it will be more challenging. Lenders use credit scores to evaluate a borrower’s risk, so the best car refinance rates tend to go to those with good-to-excellent credit. People with low credit will have higher rates than those with a good or excellent credit score. Some lenders do specialize in loans for customers with fair to poor credit, like MyAutoLoan.com and Auto Credit Express.

How many times can you refinance a car?

Legally, you can refinance a car as many times as you want if you find a lender willing to extend you a new loan. Auto lenders may be apprehensive about refinancing if they see multiple past refinances on your vehicle and even if you get approved, there are other financial risks to consider. Repeated refinances and loan term extensions increase the risk of going “upside-down” on your loan. You may also end up paying more than the original loan amount, just in interest rates.

How to transfer a car loan to another person

You can transfer your car loan to someone else if the new lender allows it. Loan transfers may come with a transferring and/or merchant fee and lenders always check that the transferee has good credit and income, to prevent loan defaults. The transfer won’t be approved if the person’s creditworthiness and income aren’t up to par.

What is auto refinance?

To refinance an auto loan, gather all the necessary documents. Then, evaluate your credit profile, your car’s information to determine if refinancing is beneficial and if you qualify. Lenders will post their requirements online and some even allow you to file for pre-qualification.

Before starting the application process, shop around and compare offers from different lenders. When you settle on the best one, submit a formal application and wait for the lender’s formal offer. If accepted, you can finalize the document, settle the previous loan, and start your loan payments with the new lender.


How We Chose the Best Auto Refinance Companies

When looking for the different auto refinance companies in the industry, we considered several criteria. First, we looked at each company’s financial stability to make sure they’d be able to meet their obligations. Then we looked at their privacy policies, valuing transparency and protection.

Loan options

We looked for companies that offered competitive interest rates, zero to no upfront fees, and flexible or reasonable vehicle restrictions.

Customer experience

We looked at each company’s complaints with the Consumer Financial Protection Bureau (CFPB) or the Federal Trade Commission (FTC). We also checked whether each company was transparent regarding its partners, underwriters and fees.

Summary of Money’s Best Auto Refinance Companies of January 2022

© Copyright 2021 Ad Practitioners, LLC. All Rights Reserved.
This article originally appeared on Money.com and may contain affiliate links for which Money receives compensation. Opinions expressed in this article are the author’s alone, not those of a third-party entity, and have not been reviewed, approved, or otherwise endorsed. Offers may be subject to change without notice. For more information, read Money’s full disclaimer.

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


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The curious case of Mother Teresa’s FCRA and Amit Shah’s MHA https://goodbyepertbreasts.com/the-curious-case-of-mother-teresas-fcra-and-amit-shahs-mha/ Mon, 03 Jan 2022 05:23:21 +0000 https://goodbyepertbreasts.com/the-curious-case-of-mother-teresas-fcra-and-amit-shahs-mha/ First came a note from Mother Superior Prema that said, among other things, “We would like to clarify that the FCRA registration has not been suspended or canceled. We have been informed that our FCRA renewal request has not been approved. Therefore, as a measure to ensure that there is no lapse, we have instructed […]]]>

First came a note from Mother Superior Prema that said, among other things, “We would like to clarify that the FCRA registration has not been suspended or canceled. We have been informed that our FCRA renewal request has not been approved. Therefore, as a measure to ensure that there is no lapse, we have instructed our centers not to operate any of the FCRA accounts until the issue is resolved. “

The Central Government Press Information Office issued a statement saying that the “State Bank of India has informed that the Missionaries of Charity themselves have sent a request to the SBI to freeze its accounts. No request / request for revision was received from Missionaries of Charity for the revision of the refusal of renewal.

It doesn’t take an Einstein’s brain to see how the two statements play out. TMC chief O’Brien was absolutely right in dismissing the government’s statement as a damage control exercise.

This refusal of the government to renew the FCRA citing “unfavorable remarks” stigmatizes not only the institutions of the Missionaries of Charity but the name of Mother Saint Thérèse, who is venerated not only by Catholics, but by a large number of people from all over. religious communities. , and even the Communists from his home state of West Bengal.

The Mother had been the target of defamation anyway from the Sangh Parivar, the ideological relative of the Bharatiya Janata party which is in power in India with Narendra Modi as Prime Minister. Even in the past, police and central organizations had attempted to arrest Missionary of Charity sisters on charges such as child trafficking. All the accusations were false.

The government and the ruling party are also apparently sending a message to the Christian community. Christians have made common cause with civil society and with Muslims, who bear the brunt of government and political pressure on violations of civil liberties, freedom of expression and freedom of religion.

On its own issues, the community has managed to rally civil society to vigorously protest against the anti-conversion law introduced in Karnataka.

The Vajpayee and Modi governments in the center and the BJP governments in the states have long wanted the church to stop all social outreach work that empowers people, especially the poor and Adivasis. The Adivasis resist their natural resources, including the primary ones where they inhabit, to be sold to businesses.

And what did these “unfavorable statements” presumably from the Intelligence Bureau, also under the aegis of the MHA, and the Execution Directorate of the Ministry of Finance have to say? Did they discover anti-national activities, acts of treason or plots to go and assassinate someone?

Mother Teresa’s sisters pose no threat to anyone in India or the world. The small Christian community, which represents only 2.3% of the population, also poses no threat to anyone.

Nuns and MC Brothers don’t run fancy schools or private universities that earn millions of dollars. They are also not funded by the government or its agencies. They run shelters for abandoned and left-behind newborns on the streets and landfills by our own young women and men. They run homes for afflicted youth that no government or charitable orphanage would gladly care for. And they care for the needy and the dying, lending a certain dignity to their passage.

Nuns and brothers don’t get any wages, but they do have staff – drivers, cooks and the like – who need to be paid, and there are medicine and food to buy. This FCRA ban is tantamount to starving them and torturing the children and the elderly in their care, to bring them into submission.

And yet they have often been targeted. In Jharkhand, the Missionaries of Charity were persecuted, and now another state is suing two sisters accused of conversion of such a false allegation.

Sisters faced physical violence in Kandhamal district of Orissa state in 2008 during the anti-Christian mass violence in which more than 390 churches and 5,600 or more homes were destroyed. Fortunately, no sister was injured, but several Catholic and Protestant priests were killed.


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