Competition – Tein Footworks Tue, 22 Nov 2022 22:02:00 +0000 en-US hourly 1 Competition – Tein Footworks 32 32 How to get a cash advance from a credit card. Tue, 22 Nov 2022 22:02:00 +0000 Using debit and credit cards is a quick and easy way to pay for things. But sometimes cash is preferred and when you need it on the fly, your cards can still come in handy. In particular, you can even use your credit card to get money through something called a cash advance. By tapping […]]]>

Using debit and credit cards is a quick and easy way to pay for things. But sometimes cash is preferred and when you need it on the fly, your cards can still come in handy. In particular, you can even use your credit card to get money through something called a cash advance.

By tapping into your line of credit, you can still have the benefit of borrowing money to cover an expense and still paying with physical cash if the merchant requires it.

What is a cash advance?

A cash advance is money you borrow with your credit card.

“Examples of cash advances include using your credit card at an ATM, using a cash advance check provided by a card issuer, or also using your credit card for certain cash transactions like gambling, deposits, wire transfers, travelers checks, money orders, etc.,” says Ted Rossman, senior credit card industry analyst at

Keep in mind that your credit provider may only allow you to withdraw money up to a percentage of your credit limit. For example, if your card limit is $12,000 and your cash advance limit is 20% of your line of credit, you can borrow a maximum of $2,400 for a cash advance.

How to get a cash advance with your credit card

If you need a cash advance, you can get cash out in no time in three easy steps.

1. Check your credit card agreement for cash advance details

If you must use a cash advance, you should expect high fees and interest rates. The first thing to do is therefore to read your credit card contract to understand the cost of borrowing on your line of credit.

It is also important to know that the refund will work. Typically, your monthly payments will go to your credit card balance first. Any amount in excess of your minimum payment will go to the account with the highest interest rate, which may be your cash advance balance. Consider paying the minimum amount on your credit card to ensure you reduce your cash advance balance. As a result, you can avoid these compound interest charges.

2. Determine how much funds you can withdraw

Check your credit statement to see how much you’ve already used. A good credit utilization rate is 30% or less of your total line of credit. Exceeding this limit could negatively affect your credit score. So, consider other options if you’ve exceeded 30% of your line of credit utilization ratio.

3. Get your cash advance

You don’t have to travel far or wait for approval to get a cash advance. There are three ways to get a cash advance in as little as a few minutes.

  • AT M: You can withdraw money from an ATM if your credit card has a personal identification number (PIN). Take your card to an ATM, select the cash advance option and withdraw cash. Keep in mind that you may have to pay ATM withdrawal fees which hovers around $4.72.
  • In person: You can get a cash advance from a physical bank if you don’t have a PIN. All you will need is your credit card and ID.
  • Convenience check. A convenience check works like a personal check. However, in this case, you will get a cash advance on your credit card in the form of a check. Call your credit card issuer to request a convenience check. You can then cash the check at your bank or pay directly to a third party.

Advantages and disadvantages of cash advances

Cash advances can be useful if you need cash immediately. However, its high interest rates and fees could end up costing you dearly.


  • A credit card cash advance is a convenient solution if you need cash: If you’re short on cash and your resources are limited, a credit card cash advance might be helpful. All you have to do is go to the nearest bank or ATM, and you can withdraw cash in minutes, no questions asked.
  • You don’t need to apply for a loan to borrow money: A loan usually requires you to fill out an application and wait for approval from your bank or lender. And most lenders will do a thorough investigation of your credit report, which can hurt your credit score. A credit card cash advance is a surefire way to get the money you need without the hassle.
  • The cash advance on credit card allows flexible repayments: Although an installment loan requires fixed payments, you will pay your cash advance like a credit card bill. You can pay in full, pay the minimum amount, or somewhere in between.

The inconvenients

  • A credit card cash advance usually has high fees: APR of your cash advance can range from 25% to 27%, says Mohr. Rossman also mentions that cash advances come with an additional fee of up to 5% of the advance or up to $10, whichever is greater. In contrast, the average APR for a 24-month personal loan is 10.16%, much cheaper than cash advance interest rates.
  • Credit cards usually have credit advance limits: Your credit company may only allow you to withdraw part of your line of credit in cash. If you’re buying something expensive, consider alternative options.
  • Your cash advance will start earning interest immediately: Credit cards generally have a 21-day grace period, but a credit card cash advance does not. Interest will begin to accrue on your cash advance as soon as you withdraw money. If you know it will be difficult to repay your borrowed money, you should avoid this option.

Other options to consider

A credit card cash advance may be necessary if you are in a hurry. However, alternatives are available if you want to avoid the risk of cash advances altogether.

Use your own funds: Dive into your current account Where savings account make a payment before taking a cash advance. If you don’t need the money right away, consider using the credit on your credit card instead. A cash advance should be your last resort. To avoid using cash advances in the future, create a rainy day fund in a secure, liquid savings account.

Apply for a loan: A personal loan often has lower interest rates and higher loan amounts than cash advance limits on a credit card. If you can wait to hear from your loan provider, consider applying for a personal loan.

Borrow from others. Your first instinct may be to avoid asking friends and family to lend you money. However, asking someone to help you may be cheaper than borrowing money from your credit card company. More often than not, you can avoid paying fees and interest rates as long as you promise to reimburse that person.

Booming segments of the payday loan market; Investors looking for stunning growth: Speedy Cash, OppLoans, Ace Cash Express, Money Mart Fri, 18 Nov 2022 06:44:14 +0000 This press release was originally issued by SBWire NJ New Jersey, United States — (SBWIRE) – 11/17/2022 – The latest published Payday Loans Market Research has assessed the future growth potential of the Payday Loans market and provides useful insights and statistics on the structure and size of the market. The report aims to provide […]]]>

This press release was originally issued by SBWire

NJ New Jersey, United States — (SBWIRE) – 11/17/2022 – The latest published Payday Loans Market Research has assessed the future growth potential of the Payday Loans market and provides useful insights and statistics on the structure and size of the market. The report aims to provide market insights and strategic insights to help decision makers make sound investment decisions and identify potential gaps and growth opportunities. Furthermore, the report also identifies and analyzes changing dynamics, emerging trends along with essential drivers, challenges, opportunities and restraints in the Payday Loans market. The study includes analysis of market shares and profiles of players such as CashNetUSA (USA), Speedy Cash (USA), Approved Cash Advance (USA), Check n’ Go (USA ), Ace Cash Express (US), Money Mart (US), LoanPig (UK), Street UK (UK), Peachy (UK), Satsuma Loans (UK), OppLoans (United States).

Download sample PDF report (including full TOC, table and figures) @

Definition: Payday loans are small, short-term, unsecured loans that borrowers promise to repay on their next paycheck or regular income. Loans are typically $500 or less than $1,000 and mature within two to four weeks of receiving the loan and are usually priced at a flat rate, which means finance charges for the borrower. These unsecured loans have a short repayment period and are called payday loans because the term of a loan generally matches the payday period of the borrower. According to the Federal Reserve Bank of St. Louis, in 2017 there were 14,348 payday loan storefronts in the United States. About. 80% of payday loan seekers borrow again to pay off a previous payday loan. Payday loan regulations are the strictest in the Netherlands.

Market opportunities:
Growing adoption of payday lending in developing countries

Market trends:
~43% use 6 or more installment loans per year and 16% use more than 12 small loan products per year
Payday loans are an attractive alternative to popular credit cards

Market factors:
A growing number of payday loan users in North America and payday loans are only legal in 36 US states
Growing use of Quick Cash for emergencies

The global payday loans market segments and market data breakdown are illustrated below:
by type (one hour, instant online, cash advance), request (mortgage or rent, food and groceries, regular expenses (utilities, car payment, credit card bill or prescription drugs), unexpected expenses (expenses emergency medical services), others), Reimbursement period (up to 14 days, 1-2 months, 3-4 months, more than 4 months), end user (men, women)

The Global Payday Loans Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make sound decisions that can help ensure the trajectory of earnings over the forecast years.

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Netherlands: Payday lenders must now acquire the appropriate license to operate and must comply with the maximum interest rate of the bank prime rate plus 12%. In 2013 and 2014, the Dutch government enforced this legislation in two landmark court cases in which it fined two companies found to be operating outside these regulations – this included a $2.2 million fine ( 2 million euros) to for failing to comply with tariff restrictions. and Canada: British Columbia has the strictest set of regulations: lenders cannot legally charge more than $15 per $100 for a two-week payday loan, and penalties for returned checks or debits pre-authorized are capped at $20.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
North America (United States, Mexico and Canada)
South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
-To carefully analyze and forecast the Payday Loans market size by value and volume.
-Estimating the market shares of the main payday loan segments
– To present the Payday Loans market development in different parts of the world.
To analyze and study the micro markets in terms of their contributions to the Payday Loans market, their prospects, and individual growth trends.
-Offer accurate and useful details on factors affecting Payday Loans growth
-To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Payday Loans market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

Buy a Full Payday Loans Market Review Now @

Main highlights of the table of contents:

Payday Loans Market Research Coverage:
It includes major manufacturers, emerging player’s growth story and major business segments of Payday Loans market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
Executive Summary of Payday Loans Market: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, along with macroscopic pointers.
Payday Loans Market Production by Region Payday Loans Market profile of manufacturers-players is studied based on SWOT, their products, production, value, financials and other vital factors .
Key points covered in the Payday Loans market report:
Overview, Definition and Classification of Payday Loans Market Drivers and Obstacles
Payday Loans Market Competition by Manufacturers
Analysis of the impact of COVID-19 on the payday loan market
Payday Loans Capacity, Production, Revenue (Value) by Region (2021-2027)
Payday Loan Supply (Production), Consumption, Export, Import by Region (2021-2027)
Payday Loan Production, Revenue (Value), Price Trend by Type {One Hour, Instant Online, Cash Advance}
Payday Loans Market Analysis by Application {Mortgage or Rent, Food and Groceries, Regular Expenses [Utilities, Car Payment, Credit Card Bill, or Prescription Drugs]Unforeseen expense [Emergency Medical Expense]Others}
Payday Loans Manufacturers Profiles/Analysis Payday Loans Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy & Downstream Buyers, Marketing
Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Browse Full Abstract & Table of Contents @

Answers to key questions
How feasible is the payday loan market for a long-term investment?
What are the factors influencing the demand for payday loans in the near future?
What is the impact analysis of various factors on the growth of the Global Payday Loans Market?
What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

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10 biggest mistakes to avoid Wed, 09 Nov 2022 10:35:00 +0000 Travel is expensive enough at the moment without increasing costs with poor financial decisions on your vacation money. Yet we fall into the same old traps year after year. We take out too much cash and pay too much for it. We use the wrong credit and debit cards, and get our calculations wrong when […]]]>

Travel is expensive enough at the moment without increasing costs with poor financial decisions on your vacation money. Yet we fall into the same old traps year after year. We take out too much cash and pay too much for it. We use the wrong credit and debit cards, and get our calculations wrong when trying to figure out how much things really cost. Sometimes we even fail to claim the substantial refunds to which we are entitled.

To help you avoid the pitfalls, we’ve put together a guide to the most important mistakes to avoid. Even though the amounts saved may seem relatively small with each purchase, in a few weeks of vacation, they can quickly add up.

1. Buy currency at the airport

You’ll almost always pay a premium on the exchange rate at an airport money changer – unless you order online in advance. And in any case, in many countries you simply don’t need cash on arrival anymore. I no longer travel with any paper money. It is true that in some countries cash still dominates – for example, in Malta 88% of payments are still made in cash, and in Spain and Cyprus this figure is around 84%. But you can normally still use your card and in places like Finland and the Netherlands most transactions are now done this way. If you think you want to take tickets with you, it’s best to pre-order them from your bank or, even better, just use your debit card at a vending machine when you arrive at your destination (see point six below).

2. Withdraw money with a credit card

Even if you pay off your balance each month, you’ll still have to pay an additional charge for a cash advance on a credit card (either a percentage of the amount — often two percent — or a flat fee). And, unlike the usual rules that apply to purchases made directly with the card, you will normally also pay interest on the amount withdrawn in cash from the day you make the withdrawal until the date it is refunded. Much, much better to make your purchase directly with the card – it will not only be cheaper, but also give you more legal protection.

3. Use a credit card already in debt

Not everyone is lucky enough to be able to pay off their credit card balance every month. If you’re one of those who don’t, using it on your vacation will be a very expensive way to pay for things. You are increasing your debt and almost certainly paying a very high interest rate each month. If you need to borrow money for a vacation, there are much cheaper ways to do it, especially, for example, if you have a flexible mortgage that allows you to easily withdraw or repay.

4. Choosing the wrong rate

It is increasingly common for shops, restaurants and ATMs abroad to offer the option of making a payment that has already been converted into sterling, as an alternative to the amount displayed in the local currency. Selecting the pre-converted rate will almost certainly cost you more. I have checked the comparison several times over the years and this option has always been more expensive. Always choose the local currency.

5. Fail the math test

The euro and the dollar are quite simple at the moment – since they are each worth around £1. But many countries require a much more complicated calculation and if you can’t easily convert a currency in your head, you’re much more likely to be overcharged. Avoid this with a currency converter app or your phone’s calculator. In countries with a high exchange rate for the pound, pay particular attention to extra zeros surreptitiously added to bills.

6. Choosing the wrong card issuer

The amount that different banks and other card issuers charge for overseas transactions varies greatly. Banks can extract money from you in different ways, including transaction fees (which can be 1.5-2%) and charging the exchange rate against you up to 3%. So you could easily lose four or five percent every time you pay something. I avoid this by using a Monzo card (, which incurs no such charge (although you do have to pay extra if you withdraw more than £200 per month from ATMs abroad). It simply passes on the current Mastercard exchange rate, which has a markup of just 0.33% above the European Central Bank rate. This is not the only card to offer such an offer. For use abroad, which one? also recommends debit cards issued by Starling Bank, Cumberland Building Society, Virgin Money and Chase. It also highlights a handful of good-value credit cards that offer similar rates, including the Halifax Clarity card, the Virgin Money Travel credit card and the Barclaycard Rewards credit card (see point three above).

7. Losing money on a closed currency

A closed currency is a currency that can (normally) only be purchased in the country where it is issued. So you need to change your money (or better yet, use an ATM) when you arrive, rather than before you get there. The biggest mistake is changing too much and forgetting to change it to British pounds before leaving the country. First, you probably won’t be able to change it in the UK and second, it’s almost always illegal to export it, so – at least in theory – you’ll be breaking the law if you take it out of the country with you. Here is an example of FDCO advice for Tunisia: “It is strictly forbidden to take Tunisian dinars out of the country. To exchange any remaining Tunisian Dinars at the end of your stay into British Pounds or another hard currency, you will need to show the receipt from the bank where you first withdrew the Dinars. Other countries with closed currencies include Sri Lanka, Cuba, Morocco and India.

8. Skip unofficial rates

In countries with closed or weak currencies, the Pound, Euro or US Dollar can also be so sought after that you can get a much better exchange rate on the black market. Obviously, dealing in this way can be risky both legally and due to a high risk of getting scammed. But in some countries, a parallel system for tourists operates semi-officially or even officially. If you don’t take advantage of it, you will lose. A good example is Argentina, where there is a black market rate for the US dollar called “Dolar Blue” and it is currently almost double the official rate. This summer, the Argentine government introduced a program that now allows tourists to exchange up to US$5,000 per person at a rate close to Dolar Blue.

9. Neglecting to claim VAT

Many countries allow tourists to reclaim VAT on goods they have purchased during their visit and the rewards can be attractive – usually a refund of up to 20% of the purchase price (although often a fee administrative costs are deducted). There will be hoops to jump through. You will need a receipt and you will need to make a claim – often at the airport when leaving the country. Systems vary from country to country and you will need to check your destination details. The rules for using the system when visiting the EU are here.

10. Arrive unprepared

Because they don’t know local costs and prices, travelers are always vulnerable to overcharges. Ironically, you’re probably more likely to overpay in countries where services are cheap rather than expensive: a price you’re offered may seem reasonable, but in local terms it’s a scam. Researching what things should cost will minimize risk. Take taxi fares – find out the typical (or often fixed) cost of a trip from the airport to the city center for example, if it is a legal requirement to use a meter. If you cannot find reliable advice online, a hotel concierge is normally a reliable source of advice.

How to reduce the cost of a cash advance Sat, 05 Nov 2022 14:05:58 +0000 If you already have a credit card, getting a cash advance is very easy. But it can also be super expensive. Before borrowing money from your credit card, make sure you understand how a cash advance works, how you can minimize cash advance fees, and whether there are better alternatives. How do cash advances work? […]]]>

If you already have a credit card, getting a cash advance is very easy.

But it can also be super expensive. Before borrowing money from your credit card, make sure you understand how a cash advance works, how you can minimize cash advance fees, and whether there are better alternatives.

How do cash advances work?

A cash advance is a way to borrow money from your credit card company. You can initiate your cash advance online, through cash advance checks sent with your credit card statement, or through an ATM.

To withdraw money from an ATM using a cash advance, you will need the PIN associated with your credit card. You will then need to agree to all cash advance fees before you can get your money. You may also incur ATM fees.

If you’re starting the cash advance online, you can set it up to be deposited directly into your checking account via an ACH transfer. You’ll also need to agree to any cash advance fees before you get your money this way.

Another way to get a cash advance is to use convenience checks that your credit card issuer sends with your statements. These may be provided with every statement, every few months, or once a year upon renewal, depending on your credit card issuer. As soon as you sign and submit the check, you agree to the terms of the cash advance.

Your cash advance limit may be lower than your credit card purchase limit. Check your documentation or contact your card issuer to find out your credit limit for a cash advance.

What makes credit card cash advances so expensive?

Cash advances are an extremely expensive way to borrow, even more expensive than using your credit card to make a purchase. Cash advances come with additional transaction fees and higher APR than regular credit card purchases. And that APR starts accumulating immediately unlike credit card purchases.

Transaction fees

The first expense to consider is transaction fees. These fees are usually between 3% and 5%. Typically, there is a minimum charge of around $10.

Let’s say you took out a $250 credit card cash advance with a 3% transaction fee, but a minimum transaction fee of $10. Three percent of $250 is $7.50, but that’s less than the minimum charge. You would therefore be charged a $10 transaction fee, even if it is higher than 3%.

But if you take out a $1,500 cash advance, 3% would be $45. Since 3% is more than the minimum transaction fee of $10, you would pay $45 in transaction fees.

High APR

Credit cards almost always have a high APR. But each card actually comes with at least two APRS: one for purchases, then another for cash advances. The cash advance APR is almost always higher.

This is true even if you sign up for a card with a 0% introductory APR. This 0% rate generally applies for a fixed period, say 12 months, and generally only applies to credit card purchases or balance transfers. It generally does not apply to the APR for cash advances.

Interest begins to accrue immediately

Not only do credit card cash advances come with a higher APR, but that interest starts accumulating immediately. With credit card purchases, you’ll enjoy a grace period and you won’t pay interest if you pay your balance in full by the due date on your first statement after purchase.

This is not the case with cash advances. There is no grace period. You start owing interest the moment the money comes out of the ATM (or is transferred to your bank account). Because interest starts accumulating immediately, it becomes much more expensive to pay off much faster.

What is the average cost of a cash advance?

The cost of your credit card cash advance varies depending on the amount you borrow. To simplify this analysis, let’s say you borrow $1,000. The average cash advance fees and interest rates on a cash advance are:

  • 3% to 5% transaction fees
  • 24.99% APR

On a balance of $1,000, your transaction fees can range from $30 to $50. With an APR of 24.99%, if you pay off your balance on the 30th day, you will owe approximately $20.83 in interest. If it only took a month to repay the money, the total financing costs would be between $50.83 and $70.83.

The longer it takes you to pay off the debt, the more it costs. Credit card interest is usually compounded daily. This means that what seems like a manageable amount of interest at first can quickly spiral out of control.

How to reduce the cost of a cash advance

A credit card cash advance is an expensive way to borrow, and one that you should avoid if possible. But if you find yourself in a situation where you absolutely need it, there are several ways to slow the bleeding. These are simple concepts, but they may not be easy to implement.

Minimize the amount you borrow

The fees and interest on your cash advance are a percentage of the amount you borrow. This means that one of the best ways to limit your interest and fees is to reduce the amount you borrow.

If you borrow this money to pay a down payment on a car loan so you have transportation to your place of work, maybe you don’t get the fanciest vehicle model. Instead, get something functional, safe and affordable without all the bells and whistles.

You can also try to negotiate with the dealer on the base price, which should reduce the amount required for a down payment by the bank.

Anything you can do to reduce the amount you borrow through a credit card cash advance is worth considering.

Repay your cash advance as soon as possible

Just trying to scrape together enough money to buy groceries until payday? Then be sure to repay your cash advance as soon as your paycheck hits your account.

Since interest is compounded daily, each day you owe money will significantly increase your amount owed, the longer it will take you to pay it off.

Cash Advance Alternatives

If you need cash fast, there are other products you might want to consider. Some are better than credit card cash advances – and some are worse.

Personal loan vs cash advance

Personal loans tend to be cheaper than cash advances if you have good credit. Unsecured personal loans don’t require any collateral, and you ideally want one with a fixed interest rate for predictable monthly payments.

If you have good to excellent credityou might expect these loans to come with a APR somewhere between 7% and 20%. If you have poor credit, however, interest rates could be even higher than cash advances.

Personal loans sometimes come with an origination fee, which is an additional fee, but is also already factored into the cost of the APR. If you take out one of these loans, the ideal is to find one without any prepayment penalty. That way, if you pay off the loan early to save money on interest, you won’t have to incur any additional expenses.

Also beware of personal loans with lump sum payments. With these loans, your monthly payment will be lower at the start, but you will only have one lump sum payment at the end. If you can’t afford the lump sum payment, you’re back to where you started – you need to borrow more money.

One downside to these loans is that they tend to have terms of at least one year, although you can find some with shorter terms. Another problem is that if you only need to borrow a few hundred dollars, most financial institutions offer a minimum amount between $500 and $1,000. So you might end up borrowing more than you need.

In many cases, a personal loan is preferable to a cash advance. But keep in mind that if you have bad credit or the interest rate offered to you is over 20%, this might not be the case. Run your own personal numbers with care.

Payday loan vs cash advance

The interest rate announced by payday loan lenders are rarely in terms of APR. If it did, it would often be over 100%.

Different states have different laws governing exactly how much payday lenders are allowed to charge, but even still, a cash advance will be considerably cheaper than a payday loan.

Borrowing money from family and friends versus a cash advance

If you are in a difficult financial situation, you can always ask a family member or friend for help. Depending on your relationship and the amount of money, they may keep the debt informal or draw up a formal contract with or without interest.

Before borrowing money from family or friends, make sure you can afford to pay them back in the near future. If you can’t, it can hurt your relationship. However, if you can find a favorable and realistic arrangement, this method is likely to be less expensive than taking out a cash advance.

Ask for help or cash advance

Take a cash advance to cover something like a utility bill? There may be a program to help you so you don’t have to borrow from your credit card company.

For utility bills in particular, there are usually two options: payment plans or charitable aid programs.

If your utility company offers you a payment plan, they may be willing to spread your current balance over several months, making repayment more achievable than paying it all in one lump sum. They can also set you up with a plan that estimates equal payments over the course of a year, so you don’t pay $20 for heat in July and $300 in January. Instead, you might get a more stable monthly bill of $150 or something.

If there is a state, government, or charitable program associated with your utility, it may have funds available to help people going through economic hardship. It may hurt your ego to apply for a program like this, but the amount of interest and main, it saves you money and helps you keep the lights on without going into unaffordable debt.

Brynne Conroy, a Pittsburgh-based writer, is the founder of the blog Femme Frugality and the author of “The Feminist Financial Handbook.” She is a regular contributor to The Penny Hoarder.

Scammers on the prowl for bumper stimulus money Tue, 01 Nov 2022 13:32:40 +0000 Image source: Getty Images Be suspicious whenever someone you don’t know contacts you. Key points The IRS will never cold call you, email you, or text you. Scammers are smooth. The goal is to extract your personal information and steal your identity. If a scammer fails to steal your identity, they will try to take […]]]>

Image source: Getty Images

Be suspicious whenever someone you don’t know contacts you.

Key points

  • The IRS will never cold call you, email you, or text you.
  • Scammers are smooth. The goal is to extract your personal information and steal your identity.
  • If a scammer fails to steal your identity, they will try to take your money.

Scammers are the worst. Rather than taking action to earn money legitimately, they prey on unsuspecting people. And here’s the problem with scammers: they’re always there, waiting for the next opportunity to manipulate them. They are like rats, hiding in a corner, waiting for someone to drop a piece of bread.

When the first stimulus checks were released in 2020, the scammers had their heyday. They dedicated themselves to emailing, making calls, texting and otherwise contacting the stimulus funds due. A few months after the first checks Bank accountsAmericans had lost more than $211 million to COVID-related scams.

Between rounds of stimulus checks, the scammers slowed down. But now that the IRS estimates that about 9 million Americans have not received stimulus paymentsyou can bet these scammers will be back in full force.

If you or someone you love is among the 9 million owed, here are some of the most common red flags to watch out for.

Technology has made it possible for scammers to impersonate someone else. In this case, they are likely to say they are from the IRS, the Treasury Department, or your state unemployment benefits agency.

Your best bet is to ignore any unsolicited contact. If you happen to hear a message or open an email, don’t engage. Instead, contact the agency the scammer claims to represent.

For example, if you receive a call or someone leaves a message claiming to be from the IRS, call the official IRS number (800-829-1040). Explain your situation to a customer service representative and ask if anyone from the IRS is actually trying to contact you.

The answer will probably be no. You might be wondering why you would even want to call. If nothing else, it lets the IRS know the scammers are back.

Someone suddenly wants to be your best friend

If you engage with a scammer in any way, they will attempt to break through your defenses, act as if they are trying to do you a favor. The goal is to get your personal information.

For example, the person may tell you that your check has been returned. They will explain to you that they are “verifying” your home address, bank account number, or social security number.

Once they have this information, they go shopping and can easily steal your identity.

When the stimulus payments started, scammers were sending emails and text messages. These messages encouraged recipients to click on a link regarding stimulus payments. Once a person clicked on the link, they were taken to a fake app. This useless app asked for all kinds of private information, including social security number, address, and bank account numbers.

For a “small fee” we’ll speed things up

In this scam, scammers tell future beneficiaries that for a small processing fee, they can get them stimulus money sooner. This scam works especially well on those who need funds to cover their living expenses.

However, there is no advance payment. What the scammer hopes is that enough people pay the fee to make it worthwhile.

The scams are endless, limited only by a fraudster’s imagination. For example, another approach is to offer a “cash advance” on the money. What the scammer fails to tell his victim is that he will have to pay an astronomical interest rate on the loan.

Scammers feed on our desire to trust others. It’s up to you to protect yourself and the funds still owed to you.

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5 financial scams beyond Facebook Thu, 27 Oct 2022 13:14:46 +0000 Silver / Financial planning Christopher Ames / If you have a Facebook account, then you are a target of scammers who use social networks to prowl in search of their next victims. The platform is well aware of the presence of this unsavory element within it, and it warns users to beware of common […]]]>

Christopher Ames /

If you have a Facebook account, then you are a target of scammers who use social networks to prowl in search of their next victims. The platform is well aware of the presence of this unsavory element within it, and it warns users to beware of common Facebook scams such as:

  • Lottery scams: Lottery scammers create Facebook pages that appear to come from a credible source, such as a government agency or even Facebook itself. They inform their targets that they have won a big cash prize, but have to pay an upfront fee to collect it.
  • Access token theft: Scammers pose as legitimate apps asking for access to your Facebook account or page.
  • Marketplace scams: Unlike eligible items purchased on Marketplace using Facebook Checkout, P2P Local Pickup transactions are not covered by Purchase Protection. Many victims have reported losing money to scams that exploit this exception.

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These are just a few of the many scams plaguing the world’s largest social media network – but even if you don’t have an account, you can still become a target, so stay safe no matter where you venture online.

Here’s an overview of the most common non-Facebook scams and how to protect yourself.

Cash advance app scams

Taking out short-term, high-interest payday loans has always been risky because a small loan can quickly become an unpayable debt. But the advent of cash advance apps like Earnin, Dave, Chime and Brigit has opened the door to scammers who use cleverly disguised impostor apps that prey on people when they can least afford to take a financial blow.

You will need to give critical personal data like your bank account information to get a legitimate payday loan, so be careful when shopping around.

According to the Better Business Bureau (BBB), you should never trust a payday loan app that claims to charge no fees or asks you to pay fees up front, which is illegal and a sure sign of a scam.

Take our poll : Are you struggling to keep track of your utility bills?

P2P payment app scams

P2P social payment apps like Venmo and Zelle have made it easier to split meal vouchers and send money to friends and family, but online thieves want to intercept every dollar of those transactions.

According to Capital One and the American Bankers Association, some scammers use P2P payment apps to pose as legitimate sellers offering a good deal. For example, they may claim that they are trying to recover only the face value they paid for high-demand and expensive tickets to concerts or sporting events they can no longer attend. The target pays and receives nothing in return. In other cases, the thief may pose as a representative of your financial institution and ask you to send money to “the bank” to confirm that your account is still active.

Never use a P2P payment app to send money to someone you don’t know and trust, never trust someone who pressures you to send money quickly without confirming identity and never reveal personal or financial information.

Crowdfunding scams

Charity scams aren’t new, but crowdfunding platforms like GoFundMe and Kickstarter have made it much easier for scammers to solicit money from well-meaning people. The scammers claim to be looking for donations to help care for a sick child, help injured veterans, disaster relief, and other sympathetic causes that cause honest people to dig deep.

There is of course no sick child — the crook takes the money and runs away.

Digital security company Okta says to research organizer information before entering and to perform a reverse image search on all photos affiliated with the account.

Romance scams

People looking for love can fall victim to romance scams on and off Facebook. According to the FTC, romance scammers often approach their marks on dating apps or sites like Instagram or Google Hangouts — and they usually follow the same MO

The scammer establishes a connection, establishes trust, sends messages frequently and makes nice promises. There’s always a reason they can’t meet in person – usually because of some noble endeavor like military service, serving as a doctor in an international organization, working in a secret government, or working to earn a lot of money. money on an oil rig.

Shortly after, the scammer asks for money for a plane ticket, to pay for a visa or similar request – but only until he can unlock an account that has been somehow frozen for that he was abroad. The first request for money is followed more and more until there is nothing more to take.

The FTC recommends researching the person’s name and the organization they claim to work for. If you can’t find her, expect her to say that her work is classified or otherwise kept secret for security reasons. Involve your family and friends for a second opinion and do a reverse image search of the person’s photo. Most importantly, take things slow at the beginning of the relationship – romantic scammers always profess love from the start.

Employment scams

Like romance scams, employment scams can appear on Facebook, but they also target victims on other social sites, job boards, and even TV and radio ads, according to the FTC. They often claim to be work-from-home jobs like reshipping and reselling, but fake nanny, caregiver, and virtual assistant jobs are also common.

They often solicit private data like your social security number and birthday as part of the application process and demand upfront payment for certification, training, or a starter kit that ends up being worthless.

The FTC advises you to always search online to verify company credentials, never pay for the promise of a job, and never agree to send your own money after receiving a check. from an employer.

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When to use a credit card or debit card Fri, 21 Oct 2022 23:00:11 +0000 Layla Bird/Getty Images Debit and credit cards allow you shop online and buy things in person without using cash. They are both the same size and shape, they both have 15 or 16 digit card numbers, and they can both sport the same logo from a service provider like Visa or Mastercard. Six of one, […]]]>

Layla Bird/Getty Images

Debit and credit cards allow you shop online and buy things in person without using cash. They are both the same size and shape, they both have 15 or 16 digit card numbers, and they can both sport the same logo from a service provider like Visa or Mastercard. Six of one, half a dozen of the other, right? Not even close.

Explore: GOBankingRates’ Best Credit Cards for 2023
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“While debit and credit cards may look alike, they are very different financial tools,” said Laura Adams, MBA, personal finance expert at “A credit card lets you make purchases with borrowed money that you have to repay with interest over time. A debit card allows you to make purchases using your money in a linked bank account.

Responsible credit card use can earn you points, miles, cash back and other valuable rewards. They also help you build your credit and impress future lenders, which makes credit cards the right choice in many cases. Many, but not all. According to experts, the following scenarios specifically call for one or the other.

Credit card: for small recurring expenses

If you have a few cards that you no longer use, but don’t want to lose the open credit they provide, you can keep them in good standing by using them to pay for small recurring expenses, like streaming subscriptions.

“These services don’t charge much and ensure your credit stays open and active, which can help boost your credit score, provided you make timely payments,” said Tom Koesternen, Chartered Financial Analyst (CFA ) and consultant for secured loans.

Take our poll : How long do you think it will take to pay off your credit card debt?

Debit card: for purchases that offer cashback

Some merchants will reimburse you for allowing them to avoid the fees associated with processing a credit card transaction.

“Sometimes paying with a debit card or cash can get you a discounted price,” said Freddie Huynh, vice president of data optimization at Debt Relief Freedom. “This is seen more often in the case of expensive items.”

It’s not just the expensive stuff. Some everyday purchases, like filling up at a gas station, also offer cash back rewards that you can earn with a debit card. In other cases, stores will reward you for previous credit cards. Target, for example, gives a 5% discount for linking your checking account to its RedCard debit card.

Credit card: to finance large purchases

It’s never a good idea to use a credit card to make purchases you can’t afford, but if you need to stretch an item that’s expensive in payments, strategic use of plastic can get you there. to help.

“If you need to finance a large purchase that needs time to pay off, a credit card is a good option,” said Lauren Davis, founder of the Project Moolah.

But don’t just throw this grand piano on a map with a 24% APR. Davis advises this strategy only with cards that offer a 0% interest introductory period so you can finance the purchase for free.

Debit Card: When You’re Trying to Control Yourself

If credit cards have enabled irresponsible spending, there’s nothing like seeing your bank balance shrink with every purchase to keep you in check.

“Because debit cards are directly linked to your checking account, it’s harder to overspend and get into debt,” said Lucas Solomon, personal and business finance consultant and founder of FX4Biz. “If you’re trying to avoid using credit cards or getting into debt, using a debit card can help you stay on track.”

Credit card: whenever a deposit is required

Some transactions require an initial deposit if the final invoice is uncertain at the time of purchase. In some cases, such as renting a car or a hotel room, a credit card is required. But even if the merchant accepts a debit card, credit is usually a safer alternative.

“When you need to pay a deposit for goods or services, such as equipment rentals or travel reservations, using a credit card allows you to dispute a charge and get your money back if necessary” , Adams said.

Debit card: to withdraw money

When you use your credit card for an ATM cash advance instead of your debit card, you’re not withdrawing money, you’re funding a very expensive short-term loan. Not only do cash advances typically come with higher APRs, they are not considered introductory APR purchases and may trigger interest to start accruing on balance transfers.

Cash advances should only be a last resort for the worst emergencies.

“If you use your credit card to withdraw money, not only are the fees charged high, but it’s also not a good decision from a credit score perspective,” said Damian Serwin, budgeting expert and co-founder of Why budget. “Lenders are looking at this because you’re not able to budget your money the right way.”

Credit card: online purchases

There are very few situations where it makes sense to use a debit card for e-commerce. In the case of online fraud – which is a very real risk – it is much easier to get a credit card company to reverse a purchase than to get a bank to refund the money. Fly.

“Having your debit card information on the internet is risky, which makes credit cards a better option when shopping online,” Koesternen said. “While debit cards are chip-enabled and help deter fraud in person, the chip is not very effective at protecting you online. So avoid saving your debit card information online or choose as your preferred payment method.

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This article originally appeared on Experts: When to use a credit or debit card

8 best places to make money right now Wed, 19 Oct 2022 22:33:13 +0000 Courtney Hale / There are times when an emergency or an unexpected expense arises. If you don’t have an emergency fund to fall back on, you’re probably thinking, “I need money now,” and you don’t know where to find it. When payday is too far away to be useful, there are options and strategies […]]]>

Courtney Hale /

There are times when an emergency or an unexpected expense arises. If you don’t have an emergency fund to fall back on, you’re probably thinking, “I need money now,” and you don’t know where to find it. When payday is too far away to be useful, there are options and strategies that could help you quickly find the money you need to solve your problem.

1. Sell items

When you realize that “I need money now”, the fastest way to get some quick cash is to look at what you currently have and sell it. Selling stuff is a good way to declutter your life, especially if you’re not using the goods you plan to sell.

Some of the most profitable items to sell and cash in quickly are:

  • Electronic devices such as mobile devices and video game consoles
  • Jewelry, especially gold
  • Designer items
  • Collectibles

Depending on the items you’re looking to sell, sources such as OfferUp, eBay, Craigslist, Facebook Marketplace, Swappa (for mobile/electronic devices), and Poshmark (for clothing and accessories) are good options. In most cases, all you need is to take clear photos of the items you are looking to sell and list them.

Do some research to determine the price of the item to sell quickly. And when you receive interest in your goods for sale, be sure to be careful when making a deal to avoid being scammed, especially on Craigslist, OfferUp, and Facebook Marketplace.

2. Take a side hustle

If you’ve exhausted your options to sell items, another good option is to take a side hustle to earn some quick cash. Some gigs don’t even require special skills to earn money now. The following platforms could help you increase your income quickly.

Food and grocery deliveries

You can earn money quickly by working as a delivery driver. In most cases, you will need a mobile phone and an app download, a driver’s license and an insured vehicle. If you meet the application requirements, you could start earning today. Some platforms worth trying include:


Uber and Lyft are the two most popular apps to work for as a rideshare driver. You could work in your spare time to raise the money you seek. In many cases, working after hours could help you earn more.

If you are unsure about driving passengers, an alternative is to work as a parcel delivery driver for Amazon Flex.

Earn rewards

Some websites work with brands that pay you to take surveys, watch ads and videos, play games, shop online, and more. Signing up is simple – in many cases, all you need to do is enter an email address to get started and a PayPal account to make a withdrawal. In other cases, you can cash out with e-gift cards. Cash reward websites worth checking out are:

Teach online

You don’t need to have any special skills to teach online. You can teach English to foreign students through websites such as VIPKid. Or you could be a homework tutor and advertise your services on Wyzant and TutorMe.

3. Rent your stuff

There are websites that allow you to list your property for rent. Why not make money from your existing assets, especially if you don’t use them all the time? Tools, spare parts, and vehicles are a few options. Some platforms worth checking out are:

4. Use your credit card

Having an open line of credit is a lifeline in an emergency. You can use your credit card to cover a last minute expense by using the card to make the purchase or get a cash advance.

keep in mind

A cash advance has higher fees than a regular purchase. And in both cases, you will have to pay off the balance on the card. Be sure to pay your installments on time to avoid damaging your credit and incurring additional fees and finance charges.

5. Take out a personal loan

If your credit card limit is not high enough to cover the expenses you need, a personal loan may be an alternative. However, personal loans often take time to apply for and be approved for – and require good credit.

For those who find it difficult to get a personal loan, payday loans or bad credit loans are available, but they come with very high interest rates which could create bigger problems later if you are not. not able to repay them quickly. Think of them as a last resort.

6. Look for public funding

Depending on the expenses you’re struggling with, you may be able to find government or community funding to help. There may be nonprofits or churches near you that could help. Some communities may offer short-term assistance that can help you with rent and utilities. Some hospitals offer subsidies or can write off hospital bills if you can’t afford it. The key is to research what is available in your city to find the help you need.

7. Pawned goods

If you have valuables that you are not ready to sell, you can pawn them. Wondering how a pawn works? You take your belongings to a pawn shop and the representative will appraise your items to determine what they are worth. They will lend you money based on the value of the item.

If you accept the loan, you will be paid, but you will have a certain period of time to repay the loan. If you do, your items are returned. If you are unable to repay the loan, the pawnbroker will keep your items and resell them to get their money back.

8. Ask for abstention

Forbearance basically means requesting a temporary deferral of your due payments. Although this option won’t put any money into your hand, it could free up some money that you would normally spend. Before choosing to delay any payments due, make sure you have your responsibilities clearly defined – you will need to make the payment in the future. Make sure you’ll be able to afford the payments later so you don’t find yourself in financial trouble.


Needing money now can happen to anyone. After all, life tends to throw the occasional curveball. You can walk through the situation with some knowledge of the types of options you might have. The options in this guide are some of the fastest ways to get money. Look for creative ways that help you avoid debt first.

Best Places to Earn Money FAQs

Many people have questions about ways to get money, the fastest way to do it, and where to start. Here are some answers to these questions.

  • How can I get money immediately?
    • One of the fastest ways to get money is to sell some of your possessions. It is also a good way to eliminate clutter from your life.
  • Who can give me free money?
    • Check with your local library or call 311 to find out if your community has programs that give you money for things like rent, groceries, or utilities.
  • Does Cash App allow you to borrow money?
  • How to make money in an hour?
    • You can earn money in an hour by selling goods, working as a delivery driver, or completing online surveys. This guide offers many ideas on how to get money fast.

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

FHFA releases report highlighting FHLBanks activities and performance – Mon, 17 Oct 2022 19:38:37 +0000 In a context of national inflation and economic uncertainty, the The Federal Housing Finance Agency (FHFA) released its annual report on the social housing and community development activities of the Federal Home Loan Banks (FHLBanks). The report highlights the activities and performance of FHLBanks in 2021 through the Affordable Housing Program (AHP), the Community Investment […]]]>

In a context of national inflation and economic uncertainty, the The Federal Housing Finance Agency (FHFA) released its annual report on the social housing and community development activities of the Federal Home Loan Banks (FHLBanks).

The report highlights the activities and performance of FHLBanks in 2021 through the Affordable Housing Program (AHP), the Community Investment Program (CIP) and the Community Investment Cash Advance Program (CICA). The report also covers the membership of Community Development Financial Institutions (CDFIs) in the FHLBank system, the affordable housing objectives of the FHLBanks and their purchases of Member Owned Assets (AMAs).

FHLBanks provide loans – called advances – or grants to their members or housing associates under these programs. These funds are then used to help very low, low and middle income households and communities.

“Federal Home Loan Banks provided more than $2.7 billion in 2021 for targeted economic development and housing advances,” said Federal Housing Finance Agency Director Sandra L. Thompson. “As the FHFA begins its comprehensive review of the Federal Home Lending System, we recognize its long-term importance in providing liquidity to the housing finance market and funding community investment projects.”

Key points to remember:

  • The FHLBanks gave approximately $352.4 million in total contributions to the AHP in 2021, which assisted more than 32,000 low- and middle-income households, of which more than 17,000 were very low-income households.
  • FHLBanks funded approximately $1.7 billion in targeted housing and economic development advances through CIP in 2021. These CIP housing advances assisted approximately 8,000 households in 2021.
  • In 2021, targeted advances in economic development from the CISC Program amounted to approximately $1 billion.
  • Ten FHLBanks purchased AMA mortgages in 2021, and each met the community AMA user and mortgage purchase targets.

​FHLBanks also supports financing for low-income housing and community development to non-custodial CDFI members. CDFIs also help underserved communities by promoting economic investment and affordable housing opportunities, and providing community development financial services.

To read the full release, including more details and methodology, Click here.

What Retailers Can Deal With Overseas Product Shipping Delays Fri, 14 Oct 2022 21:15:35 +0000 Small business owners in the e-commerce and retail sectors have faced delivery delays since the start of the pandemic. But you can take steps today to improve the process and ease the pressure on your business. In this article, we explain how long you can expect shipping to take, why so many shipments are delayed, […]]]>

Small business owners in the e-commerce and retail sectors have faced delivery delays since the start of the pandemic. But you can take steps today to improve the process and ease the pressure on your business. In this article, we explain how long you can expect shipping to take, why so many shipments are delayed, and what small business owners can do to address these challenges.

How long does international shipping take right now?

Overseas retail delays are still occurring compared to pre-pandemic days. Shipping from China Previously, this took 40 days on average, but increased to 70 days at the end of 2021. Flexport’s Ocean Timeliness Indicator recorded a top of a whopping 114 days.

According to Global Supply Chain Pressure Index, shipping companies aren’t off the hook just yet – shipping times from several parts of the world to the US are still lagging behind. Chinese and European ports are a major source of many delays, with China continuous locks greatly contributing. Also, the cost of sending air freight from the United States to Asia is more expensive, which means you can pay more to get the items you need to sell.

Why do overseas shipments take so long?

Many factors contribute to shipping delays, such as the fact that 95% of the transpacific maritime industry is controlled by three alliances, which allowed them to increase the shipping costs. But the COVID-19 pandemic has exacerbated other issues and made the situation worse. Global ports were closed and there were not enough workers due to the virus, so cargo ships were very congested.

Most of the world’s shipping is done over the ocean. Thus, cargo ship delays, shipping container backlogs, port closures and labor shortages have caused significant delays for many U.S. retailers trying to maintain inventory. Not to mention that it is now more expensive to ship new products. The the cost of shipping is seven times higher than before the pandemic, according to the International Monetary Fund.

Even Amazon isn’t immune to the impact of shipping delays. Between 15% and 23% of the company’s products were out of stock by the end of 2021, CNN reported. However, small retailers without the resources of a large company like Amazon are feeling the greatest impacts.

What happens when a supplier does not deliver?

If delivery is delayed, retailers must deal with the real-time consequences of supply chain disruptions and product shortages. A positive customer experience is key to maintaining brand loyalty. According to a recent Oracle survey, more than half of consumers would switch brands after wanted items were out of stock or delayed between one and three times. So, if a retail business encounters a late shipment, a single out-of-stock item may be enough to convince customers to go elsewhere.

How does a retail business handle shipping delays?

Here are several steps retailers can take to reduce the stresses associated with supply chain delays and shipping delays.

Adapt to new consumer habits

American shoppers have adapted to the long lead times by starting to buy more in bulk, pre-ordering and increasing in-person purchases. Businesses need to be mindful and manage these shifts in buying habits as the supply chain is disrupted. Also, if it makes sense for your products, consider adding a subscription service or same-day pickup for your customers.

Get visibility

One of the most important ways to manage supply chain issues is to gain insight into the current delivery status of your products. Use supply chain visibility software that works for retail businesses like Descartes Macropoint, EnvelopeWhere Revision to see where your products are at each step of the process. Some supply chain visibility software allows you to choose your shipping route to also get the fastest delivery option.

Automate your inventory management

Use inventory management software to stay on top of your inventory needs. Tracking which products you need to restock allows you to plan orders in advance. So even if you experience shipping delays, you won’t run out of stock and can continue to fulfill customer orders. This software can also give you details such as items that are not selling so you can avoid ordering them again.

Offer transparency

You can avoid a lot of headaches by being honest and clear with your customers. If you think there might be delivery delays, let your customers know as soon as possible. Plus, be as open as possible with your customers about where their orders are by sending shipping status updates. Offering your customers discounts or refunds upon request if there are shipping delays and the order arrived too late to be useful is also a good idea.

Plan ahead

Giving yourself more leeway is the easiest thing you can do to manage supply chain issues. As long as your produce is non-perishable, you can order ahead for this holiday season. Consider buying in bulk for products that sell out to avoid shipping the same product multiple times. Additionally, allowing customers to pre-order products can give you more latitude in terms of delivery times.

Can you get compensation for shipping delays?

Your company may be able to get compensated for late delivery, although the process can get complicated. If you placed an overseas shipping order, you may be able to file a freight claim, which is a claim made directly to the freight carrier. However, you will need to be able to prove that delivery did not take place within a “reasonable time”, or within a reasonable time, which caused damage to you. The term “reasonable” is subjective, however, so you are not guaranteed to obtain compensation by following this claims process.

Cash flow solutions for retail businesses

Retail businesses need to keep their inventory well stocked to maintain and increase customer satisfaction, but that may not be easy when cash flow is an issue. Luckily, you can log into Nav and connect your retail business’s cash flow to get real-time insights into its performance and your next best move.

You’ll also be able to identify the financing options you’re most likely to qualify for, such as business credit cards and small business loans. You can apply for funding in minutes using Nav. These financing options can provide the cash needed to ensure you avoid shipping delays and keep your customers happy.

Here are some of the retail business loans currently available:

This article was originally written on October 14, 2022.

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