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☆ Lawyer being sued, accused of creating fake clients to get loans and gamble '24/7', claims ex-husband manipulated her
▼ + stars: | 2023-03-29 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +7 min

A California lawyer allegedly spent $10 million in loans for fake clients to fund a Las Vegas lifestyle for six months. LDR International, the company claiming to have funded the loans, sued Sara Jacqueline King this month. King claims in a new court filing that her ex-husband manipulated her, and forced her to gamble. LDR claims this prevented it from ever knowing for sure whether their loans were actually given to the intended client. King allegedly served as an intermediary in the loan process separate from her law practice, King Reuben, starting when she formed the King Family Lending LLC in February 2020.

☆ This fund for socially conscious investors offers stability during volatile markets
▼ + stars: | 2023-03-23 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

There's a socially conscious fund that's providing some stability at a time when broader market volatility reigns supreme — and rates continue to rise. The Invesco Floating Rate ESG Fund (AFRYX) last year shed just 2.25% on a total return basis, per Morningstar. In other words, the lion's share of the fund is in short-term bonds that have floating interest rates. Relative stability Morningstar said the fund has returned mixed results during periods of market stress, though it has performed better in recent years. Many senior loans are illiquid, meaning they can't always be sold quickly or at a fair price.

See Insider's picks for the best private student loans >>What is student loan interest? See Insider's picks for the best tax software >>"Student loan interest is tax deductible," says Leslie Tayne, a financial attorney who specializes in student loan debt. Insider's Featured Student Loan Refinance Companies SoFi Student Loan RefinancingSplash Financial Student Loan RefinancingEarnest Student Loan Refinancing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. APR Variable: 5.09% - 8.99%, Fixed: 4.49% - 8.99% Editor's Rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Variable: 3.99% - 9.24% with AutoPay, Fixed: 4.39% - 9.24% with AutoPay Editor's Rating 3.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Actual rate and available repayment terms will vary based on your income. See Insider's picks for the best student loans without a cosigner >>Will my student loan interest rate change?

CNBC Select compared more than a dozen car loan lenders based on the types of loans offered, affordability, credit requirements and shopping experience they provide. Here are our top picks for car lenders that serve customers with bad or fair credit. It offers various types of loans, including used and new car loans, refinancing and lease buyouts. If you have bad credit, getting approved for a car loan without a co-signer can be more challenging — but it's still possible. The rates and fee structures advertised for car loans are subject to fluctuate in accordance with the Fed rate.

☆ Lawyer spent over $10 million in loans for fake clients to live in a Las Vegas hotel and gamble '24/7' for six months, lawsuit alleges
▼ + stars: | 2023-02-19 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +5 min

A California lawyer allegedly spent $10 million in loans for fake clients to fund a Las Vegas lifestyle for six months. LDR International, the company claiming to have funded the loans, sued Sara Jacqueline King this month. LDR claims King provided falsified documents to secure 97 loans in 2022. LDR claims this prevented them from ever knowing for sure whether the loans they thought they were funding were actually given to the intended client. King allegedly served as an intermediary in the loan process separate from her law practice, King Reuben, starting when she formed the King Family Lending LLC in February 2020.

☆ What Is an SBA Loan?
▼ + stars: | 2023-02-07 | by ( ) www.wsj.com time to read: +13 min

By Tanza LoudenbackEntrepreneurs without a ton of cash or access to affordable financing may want to consider an SBA loan. Types of SBA loansThe most common type of SBA loan is a 7(a) loan. SBA loan rates and repayment termsInterest rates on SBA loans are negotiated between the lender and the borrower, within the SBA’s minimums and maximums. “The big difference is SBA loans tend to have much more favorable terms,” says Chris Hurn, the founder and CEO of Fountainhead, an SBA lender. How to apply for an SBA loanHere are the steps to apply for an SBA loan.

Our experts answer readers' personal loan questions and write unbiased product reviews (here's how we assess personal loans). The average low rate on all personal loans is 10.04%, five basis points lower than last week. Average personal loan ratesWe've put together a database of 28 personal loan products and averaged their rates to help you get a handle on the current landscape. This week's rates Last week's rates Average overall rate 21.03% 21.04% Average low rate 10.04% 10.09% Average high rate 32.02% 32.42% Highest rate 155.00% 155.00% Lowest rate 5.91% 5.91%The lowest rate of the companies we track is from American Express, which has a minimum APR of 5.91%. Average personal loan rates by credit scoreThese rates are based on data from 150 borrowers who applied for loans and received rates.

☆ DOJ appointee releases new plan for ‘tenuous’ Jackson water
▼ + stars: | 2023-01-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +4 min

The plan would relieve the water system of its debt and introduce a new billing model that would become effective in the budget year that begins on Oct. 1. Jackson is struggling with access to safe drinking water after a disruption at the water processing facility. The plan would change the way Jackson issues fees for water use. The new rate structure would reduce the system’s dependence on city water meters, which have been mired in problems, Henifin said. The metering bill isn’t the only legislation advancing in the state legislature that would impact Jackson’s water system.

Average personal loan ratesWe've put together a database of 28 personal loan products and averaged their rates to help you get a handle on the current landscape. This week's rates Last week's rates Average overall rate 21.04% 21.04% Average low rate 10.09% 10.09% Average high rate 32.42% 32.42% Highest rate 155.00% 155.00% Lowest rate 5.91% 5.91%The lowest rate of the companies we track is from American Express, which has a minimum APR of 5.91%. Average personal loan rates by credit scoreThese rates are based on data from 182 borrowers who applied for loans and received rates. Home improvement loans are unsecured personal loans that have fixed rates and are usually repaid in monthly installments over several years. How quickly can you get your money from a personal loan?

The average overall personal loan rate this week is 21.04%, up one basis points from last week. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Fees 4.75/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. This week's rates Last week's rates Average overall rate 21.04% 21.05% Average low rate 10.09% 10.10% Average high rate 32.42% 32.42% Highest rate 155.00% 155.00% Lowest rate 5.91% 5.91%The lowest rate of the companies we track is from American Express, which has a minimum APR of 5.91%. Average personal loan rates by credit scoreThese rates are based on data from 146 borrowers who applied for loans and received rates.

To determine the best debt consolidation loan offers for bad credit, Select compared dozens of lenders by credit score requirements, interest rates, fees, repayment terms and other factors. The best debt consolidation loans for bad creditBest overall: AchieveAchieve Best for people without a credit history: UpstartUpstart Best for flexible repayment terms: UpgradeUpgrade Best for fast approval: LendingPointLendingPoint Best for low origination fees: AvantSubscribe to the Select Newsletter! Most debt consolidation loans for bad credit can charge interest of up to 36%, but Achieve's highest interest rate is considerably lower. It's possible to qualify for a debt consolidation loan with bad credit (a credit score of under 670). Our methodologyTo determine which debt consolidation loans are the best for consumers with bad credit, Select analyzed dozens of U.S. personal loans offered by both online and brick-and-mortar banks, including large credit unions.

The average overall personal loan rate this week is 21.05%, a slight uptick of two basis points from last week. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. This week's rates Last week's rates Average overall rate 21.05% 21.03% Average low rate 10.10% 10.07% Average high rate 32.42% 32.42% Highest rate 155.00% 155.00% Lowest rate 5.91% 5.91%The lowest rate of the companies we track is from American Express, which has a minimum APR of 5.91%. Average personal loan rates by credit scoreThese rates are based on data from 124 borrowers who applied for loans and received rates.

The average overall personal loan rate this week is 21.03%, an increase of nearly 1 percentage point from last week. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. Average personal loan rates by credit scoreThese rates are based on data from 108 borrowers who applied for loans and received rates. How is an personal loan different from a payday loan?

The average overall personal loan rate this week is 20.11%, a 10 basis-point increase from the beginning of December. You can get a personal loan for a variety of reasons. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. Average personal loan rates by credit scoreThese rates are based on data from 114 borrowers who applied for loans and received rates.

☆ Extreme bear sentiment over as investors buy stocks and bonds - BofA
▼ + stars: | 2022-12-16 | by ( Lucy Raitano | ) www.reuters.com time to read: +1 min

LONDON, Dec 16 (Reuters) - Investors ploughed cash into stocks and bonds and sold cash and gold in the week to Wednesday, BofA Global Research said on Friday, hailing the end of "extreme bear sentiment". Equity inflows totalled $18 billion and bond funds saw $2.3 billion of inflows while investors sold $0.2 billion of gold and shed cash at the highest rate in three months, selling $31.1 billion. U.S. equity value funds recorded their largest inflows ever, of $14.3 billion, and investors bought passive equities and sold active equities. BofA's "Bull & Bear" indicator jumped to its highest level since March 15 in the week to Wednesday. Investors sold $1.3 billion of bank loan funds, the largest outflow in three months.

The average overall personal loan rate this week is 20.05%, a four basis-point increase from last week. You can get a personal loan for many reasons. Insider's Featured Personal Loan Companies LightStream Personal LoanMarcus Personal LoanSoFi Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. Average personal loan rates by credit scoreThese rates are based on data from 150 borrowers who applied for loans and received rates.

More than 40 million borrowers like Morales-Bartlett were eligible to cancel up to $20,000 in federal student loan debt under President Joe Biden’s one-time student loan forgiveness plan. Meanwhile, the pandemic-era federal student loan repayment pause has been extended while the government awaits the court’s decision. The average federal student loan debt nears $30,000. Brown’s son still has about $50,000 in student debt despite being one of the thousands of North Carolinians who received some student loan relief as part of a multistate settlement with Navient, one of the nation’s largest student loan servicers, over allegations of unfair and deceptive student loan servicing and predatory lending practices, according to Pennsylvania Attorney General Josh Stein's office. He also applied to the currently blocked student loan forgiveness program and is waiting to hear back.

The average overall personal loan rate this week is 20.01%, a two basis-point increase from last week. While this week's increase is small, personal loan interest rates have been climbing steadily this year. Average personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. Average personal loan rates by credit scoreThese rates are based on data from 133 borrowers who applied for loans and received rates. Make sure to read the fine print of any personal loan you're applying for, and make sure that debt consolidation is an acceptable use of your loan.

The average overall personal loan rate this week has gone up slightly. The rates on personal loans have been climbing steadily. You can get a personal loan for many reasons. Today's personal loan ratesAverage personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. Average personal loan rates by credit scoreThese rates are based on data from 141 borrowers who applied for loans and received rates.

The average overall rate has increased, as well as the average low rate and high rate. Average personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. Average personal loan rates by credit scoreThese rates are based on data from 147 borrowers who applied for loans and received rates. You can use a personal loan for almost any purpose you can think of, although it does depend on the lender. For larger purchases that won't fit within a credit limit, a personal loan might be the right option.

Compare today's personal loan ratesWhile some personal loan rates went down over the past week, they've been trending higher overall. Average personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. Average personal loan rates by credit scoreThese rates are based on data from 150 borrowers who applied for loans and received rates. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. You can use a personal loan for almost any purpose you can think of, although it does depend on the lender.

While some personal loan rates decreased over the past week, they've been trending higher in general. Average personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. Average personal loan rates by credit scoreThese rates are based on data from 148 borrowers who applied for loans and received rates. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. You can use a personal loan for almost any purpose you can think of, although it does depend on the lender.

If you have a poor credit score and are looking for a personal loan this week, you'll be facing average rates that are almost double what they were two weeks ago. Average personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. Average personal loan rates by credit scoreThese rates are based on data from 157 borrowers who applied for loans and received rates. Fees 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 6.99% to 24.99% Fees 4.25/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR Fixed rates from 7.99% APR to 23.43% APR APR reflect the 0.25% autopay discount and a 0.25% direct deposit discount. For larger purchases that won't fit within a credit limit, a personal loan might be the right option.

Here are Insider's top picks for same-day or next-day funding:Best quick personal loans LightStream Personal LoanUpstart Personal LoanAvant Personal LoanBest Egg Personal LoanRocket Loans Personal LoanOppLoans Personal LoansLendingPoint Personal Loan Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Same day Editor's rating 4.5/5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star APR 5.99% to 21.49% with AutoPay (Rates as of 10/25/2022. This lender topped Insider's list of best personal loans in 2022, and quick funding is yet another bonus. Other fast personal loans we consideredNot all banks that offer personal loans will fund them quickly. Fast cash personal loan credit requirementsLender Minimum credit score LightStream 660 Upstart 600 Avant 600 Best Egg 640 LendingPoint 580 Rocket Loans 620 OppLoans No minimumThe best quick personal loan for you will largely depend on your credit score.

You can take out a personal loan for a variety of purposes, like covering the cost of a medical bill or financing a home improvement project. However, personal loan rates may stay relatively high given the current interest rate climate. Average personal loan ratesWe've compiled a database of 28 personal loan products and averaged their rates so you know the current landscape. This week's rates Average overall rate 19.65% Average low rate 9.76% Average high rate 29.95% Highest rate 99.99% Lowest rate 5.60%The lowest rate of the companies we track is from Upstart, which has a minimum APR of 5.60%. Average personal loan rates by credit scoreThese rates are based on data from 170 borrowers who applied for loans and received rates.

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