Debt – Rauchen Aufgeben http://rauchen-aufgeben.org/ Mon, 27 Jun 2022 18:30:36 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://rauchen-aufgeben.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Debt – Rauchen Aufgeben http://rauchen-aufgeben.org/ 32 32 Who should refinance at 6% rates? Five Examples (Podcast) https://rauchen-aufgeben.org/who-should-refinance-at-6-rates-five-examples-podcast/ Mon, 27 Jun 2022 18:30:36 +0000 https://rauchen-aufgeben.org/who-should-refinance-at-6-rates-five-examples-podcast/ Should You Refinance When Rates Rise? It’s no secret that mortgage rates are on the rise. In reality, according to the latest figures from Freddie Mac30-year rates recently saw their strongest rise since 1987 before reaching 5.81% on 23 June. If you are a homeowner, you may be wondering: did I miss the opportunity to […]]]>

Should You Refinance When Rates Rise?

It’s no secret that mortgage rates are on the rise. In reality, according to the latest figures from Freddie Mac30-year rates recently saw their strongest rise since 1987 before reaching 5.81% on 23 June.

If you are a homeowner, you may be wondering: did I miss the opportunity to refinance?

Mortgage expert Ivan Simental addressed the subject on a recent episode of The Mortgage Reports podcast — and what he says might surprise you.

Listen to Ivan on The Mortgage Reports podcast!

This image has an empty alt attribute

Should I refinance? It depends

To refinance or not to refinance? For some, Simental says, it’s probably not the best time. For others, though? It depends on their unique scenario.

“With interest rates on the rise, now is probably not the best time to refinance for many homeowners,” Simental says. “However, the calculation is not always as simple as comparing a new interest rate to the old one. Other factors must be taken into account. »

These factors include:

  • How long you plan to be in your home
  • The total cost of your refinance

Specifically, Simental says, you want to make sure you’re in the house long enough to recoup your refinance costs. “When you refinance your mortgage, it typically costs between 1.5% and 4% of the loan amount, although it depends on the state.”

That would be about $10,000 on a $500,000 mortgage. You want to be in the house long enough for your refinance to save you at least $10,000 to make this move worthwhile. This is called your “break even point”.

“Refinancing might not be the smartest idea if you’re planning on moving in the near future,” he says.

Five examples of when refinancing still makes sense

Despite rising interest rates, there are still scenarios where it makes sense for some homeowners to refinance. According to Simental, these reasons include:

1. Lower your interest rate

The main reason to refinance would be to reduce your interest charges.

“If rates have gone down since you bought, you can do a rate and term refinance and just get a lower rate and payment,” says Simental. “As a general rule, it’s better if you can lower your interest rate by 0.5 to 0.75 percentage points, so 6% to 5.5% or 5.25%.”

Even when rates hit 5%, there were still over a million borrowers who could lower their rates and save money through refinancing. This could be true if you bought your home before 2008 or if your finances have improved since you bought your home, allowing you to qualify for a lower rate now than you could initially.

You also want to make sure you’re in the house long enough for your new interest rate to save you more than the cost of refinancing you need to run.

While you can technically factor your closing costs into your loan amount, they add to your balance and interest charges over the long term, so it’s important to do the math and make sure it’s worth it. sadness. A good mortgage advisor can help you crunch the numbers and see if it would make financial sense in your scenario.

2. Consolidate Higher Interest Debts

Refinances can also be good debt consolidation options, as mortgages generally carry lower interest rates than other financial products, such as credit cards and personal loans, for example.

“You can use cash refinance to tap into your home’s equity and pay off higher-interest debt,” Simental says. “You can use the money to pay [those debts] down or completely.

This would lower your long-term interest costs and free up monthly cash flow, which you could then save or invest in other projects.

3. Get rid of mortgage insurance

If your current loan has mortgage insurance, refinancing can help you get rid of PMI and lower your monthly payment. You just have to wait until you have at least 20% equity in the property (when your mortgage balance is 80% or less than the appraised value of the house).

Getting rid of mortgage insurance could save you around $1,000 to $2,500 a year on a conventional $300,000 home loan.

“If over the last year or two your home has gone up in value and you now have that 20% equity, you can refinance and get rid of your private mortgage insurance,” says Simental.

On average, the PMI costs about $30 to $70 per month for every $100,000 borrowed on a conventional mortgage. This means that if you have a $300,000 home loan, removing the PMI could save you around $90-210 per month or $1,000-2,500 per year.

With those kinds of savings, it may not take long to recoup your refinance costs and see a net financial benefit.

4. Switch from an adjustable rate mortgage to a fixed rate mortgage

If you have an adjustable rate mortgage, refinancing might also make sense, especially if your fixed rate period is about to expire.

“Let’s say you got a seven-year variable rate mortgage, you’re in year 6.5, and your mortgage will soon adjust to a much higher interest rate,” says Simental. . “What you would do is refinance and turn it into a 15, 20, or 30 year fixed mortgage, and you don’t have to worry about the rate adjusting.”

Fixed rates are higher today than they have been for the past two years. But they could still rise – and homeowners who lock in interest rates today might be happy that their rate doesn’t adjust even higher later.

5. Shorten the term of your loan

Shortening the term of your loan can also be a good reason for a refi. While switching from a long-term loan to a short-term loan (such as a 30- to 15-year loan) will not reduce your payment, it will reduce your long-term interest costs. It may also entitle you to a lower interest rate, which will save you even more in the long run.

As Simental says, “It could save you thousands of dollars.”

When is refinancing a bad move?

Essentially, Simental says, if you’re planning to move soon and aren’t sure you’ll break even on your costs, it’s probably not a smart move to refinance.

If your credit is poor, refinancing might also be ill-advised. “It’s about your credit being good enough to qualify for the right refinance loan,” Simental says. “After all, the best rates and terms go to those with the best credit.”

If you’re unsure whether refinancing makes sense for you, contact a mortgage professional for expert advice. They can run the numbers and see if refinancing would work in your favor in the long run.

As Simental says, “In general, if refinancing saves you money, helps you build equity faster, or pay off your mortgage faster, it’s a good decision.”

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

]]>
Rising interest rates mean it’s time to eliminate your credit card debt https://rauchen-aufgeben.org/rising-interest-rates-mean-its-time-to-eliminate-your-credit-card-debt/ Sat, 25 Jun 2022 14:00:20 +0000 https://rauchen-aufgeben.org/rising-interest-rates-mean-its-time-to-eliminate-your-credit-card-debt/ (NerdWallet) – Credit card debt can be difficult to manage, even at the best of times, but ever-higher interest rates are adding to that challenge. The Federal Reserve announced a 0.75% increase in the federal funds rate – its biggest hike in nearly 30 years. Increases in this rate tend to make borrowing more expensive, […]]]>

(NerdWallet) – Credit card debt can be difficult to manage, even at the best of times, but ever-higher interest rates are adding to that challenge.

The Federal Reserve announced a 0.75% increase in the federal funds rate – its biggest hike in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

Why You Should Prioritize Credit Card Debt

Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed rate products like personal loans may not see as much change in interest rates when the fed funds rate rises, variable rate products like credit cards likely will.

Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

“When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

Tackling Your Credit Card Debt: First Steps

Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you might remember not using a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that surprise you.

“Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

Other Strategies to Fight Credit Card Debt

If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, says Davis, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

At 0% balance transfer card is one of the best ways to consolidate your debt if you have good or excellent credit (FICO score of 690 or higher). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may be charged a start-up fee and monthly fee for using this service.

]]>
Ally for exponential impact https://rauchen-aufgeben.org/ally-for-exponential-impact/ Thu, 23 Jun 2022 18:17:17 +0000 https://rauchen-aufgeben.org/ally-for-exponential-impact/ Bill Casher began attending UC Santa Cruz in 1996, studying biochemistry and molecular biology. He describes his undergraduate experience as tumultuous and difficult with the added caveat of feeling isolated as a black, Filipino man in Santa Cruz. With the help of on-campus organizations like the Filipino Student Association and especially the Black Men’s Alliance […]]]>

Bill Casher began attending UC Santa Cruz in 1996, studying biochemistry and molecular biology. He describes his undergraduate experience as tumultuous and difficult with the added caveat of feeling isolated as a black, Filipino man in Santa Cruz.

With the help of on-campus organizations like the Filipino Student Association and especially the Black Men’s Alliance (BMA)Kosher (Oakes ’00) was able to find his community as a student and now as an alumnus.

“Being a black science student is challenging and you start looking for community,” Casher said. “I think everyone gets into a college, but finding people who are more like you was a little hard to come by in Santa Cruz. So I’m grateful to the Black Men’s Alliance for helping to fill that emotional void and gap for myself.

The Black Men’s Alliance student group was formed in 1994 to support the black male student body at UCSC. The group held weekly meetings where they talked politics, discussed campus issues, and supported each other emotionally. Over the years, student participation in the BMA has gone up and down. It was primarily a student-focused organization, rather than hiring alumni, Casher said.

In September 2020, Kosher saw the need to bring his community together again and began informally hosting weekly BMA meetings for UCSC alumni. The group became a space for members to support each other following the killing of George Floyd at the hands of police in May 2020 and the subsequent wave of protests against racism and police brutality across the country.

UCSC alumnus and BMA director Patrick Chandler (Rachel Carson ’99, history and politics) said the Black Men’s Alliance was a place where people could speak openly about civil unrest without fear of reprisal .

“In the political nature of the time with uprisings and civil unrest across the country, some of the guys felt they wanted to have an avenue where they could just talk,” Chandler said. “Talk about the imagery of seeing a black man die on television, at the hands of his own government; it’s not something you see happening to people on the national news over and over and over and over again. So we wanted a place where we could just talk, rap, film dozens, laugh and share.

Soon after, BMA members reflected on their strong desire to make an impact and decided to start the alumni organization. Casher took the lead, making him a co-founder and president of the organization. The group currently has 60 active and committed alumni and hopes to gain more. Casher said he hopes BMA’s evolving presence will bridge the gap between students and alumni. In his words, the band is all about “black alumni serving black students.”

“There is an opportunity as alumni to reconnect, reunite and make an impact,” Casher said. “I think we are graduating and we tend to think our impact should now be felt in our workplaces or in our community. But there’s this amazing connectivity that we have as alumni who have been to Santa Cruz. To understand that there are students out there who have the same level of challenge, isolation, and discouragement that we had as undergraduates and to understand that we could really have a huge influence on their outcomes.

BMA alumni have set goals to support students and alumni, including networking opportunities and mentorship programs. Their plans also include providing educational programs such as financial literacy and debt consolidation classes, reinventing scholarships for students, hosting community networking events on campus, and generally a place where students and alumni can find a community.

The Black Men’s Alliance designed its most recent spring event on campus to reflect a traditional barber shop in the black community. Chandler used the example of LeBron James’ HBO show The shop: uninterrupted, where the NBA star welcomes other celebrities, politicians and athletes to have conversations and debates in a barbershop.

BMA’s version of The shop at UCSC included a catered barbecue, networking opportunities, black barbers giving students cool haircuts, and a photographer providing professional portraits.

“The idea was that people could come in and sit down and have them cut, and have their hair done and taken care of,” Chandler said. “Because when I was a student at UC Santa Cruz, there were no black barbers in town, and it’s important that people with curly, frizzy hair have someone who knows how to handle it. And so, we had barbers in the back at no cost to the students.

For Kwasi Addae, a UCSC alumnus and BMA (College Nine ’01, Molecular, Cellular, and Developmental Biology) member, the spring event was a great way for him to reconnect with his community and his alma. subdue.

“There were a lot of people I had never seen physically before. [because of the pandemic], so it was really great to catch up with these people,” Addae said. “I think it was really cool for the students to see that there’s a legacy at this university that reflects on them, that there are alumni walking around who look like them – and more importantly than their look like, have had similar experiences to them, and can potentially help them navigate or empathize.

Casher said the organization hopes to be involved in more campus events and expand its reach to more students and alumni.

“As alumni, we could really have a huge influence on student outcomes,” Casher said. “Their graduation rates, their retention rates, their financial solvency, helping them get into professions and leveraging our networks to get into them. So I just want to impress all the alumni to be encouraged to engage and network and get involved with the university and with the alumni groups that are organizing because the impact is exponential.

For more information on how to participate in the black men’s allianceemail Co-founder and President Bill Casher.


]]>
GetCash makes borrowing quick and easy https://rauchen-aufgeben.org/getcash-makes-borrowing-quick-and-easy/ Tue, 21 Jun 2022 15:00:00 +0000 https://rauchen-aufgeben.org/getcash-makes-borrowing-quick-and-easy/ New York –Direct News– Americans are no strangers to borrowing money. According to a recent report, 51.3% of Americans have taken out a personal loan. Plus, they don’t just take out personal loans for medical expenses and debt consolidation; demand for mortgages and car loans is also increasing. According to a January 2021 survey, the […]]]>

New York

–Direct News–

Americans are no strangers to borrowing money. According to a recent report, 51.3% of Americans have taken out a personal loan. Plus, they don’t just take out personal loans for medical expenses and debt consolidation; demand for mortgages and car loans is also increasing.

According to a January 2021 survey, the number one reason Americans took out a personal loan was to consolidate debt. Then Americans also took out loans to start a business or cover big medical expenses.

In 2019, the average FICO score in the United States was 706, down from 686 in 2009. This statistic shows an awareness of good lending habits and America’s love of lending. It is therefore not surprising that the loan market is booming. There are more lenders than ever, including banks, online lending platforms, direct lenders and peer-to-peer lenders.

The increase in lending has also led to the birth of online lending platforms like GetCash.com. These platforms provide security and convenience that physical lending companies cannot. For example, with GetCash, you can reach many lenders with one form and get cash quickly, so you won’t have to deal with many rejections, especially if you have a low credit score.

GetCash.com started in 2020 with a mission to help borrowers and lenders connect quickly. GetCash is not a lender, but is here to help you find approved lenders who work with people with varying credit scores.

With just one loan application form, you can access a network of lenders committed to helping borrowers get the money they need. Everything is also done online – the approval process, reviewing loan terms and signing documents.

Why choose GetCash?

In addition to ease of use, GetCash has major advantages in terms of quality of service.

The rapidity

The advantage we want to highlight with using GetCash is how quickly you can get the money you need. First of all, you can find lenders instantly after filling the form. Upon loan approval, you can also get your money the next business day. However, this greatly depends on the terms and conditions of each lender.

Convenience

GetCash.com has changed the way we process loans. Gone are the days when you had to personally go to banks or other lending companies and fill out numerous forms. Now, with GetCash.com, all you have to do is fill out an online form, and the site will take care of forwarding your request to its lending partners.

Security

Many threats are present in cyberspace today. Anyone would naturally be concerned about the security of their information when transacting online. However, the GetCash.com team takes privacy and security seriously. That’s why it uses 256-bit encryption to keep your information secure.

Who is eligible for a loan?

The process of obtaining a loan through GetCash.com is relatively simple. You need the following requirements to qualify:

  1. Be at least 18 years old
  2. Have a social security number
  3. Have a valid, government-issued ID
  4. Have a bank account in your name
  5. Have a legitimate source of income (employment, allowance, social benefits, disability benefits or other types of regular income)

Some lenders may require you to show ownership of the residence or proof of residence if you are self-employed. It should be noted that you do not need to be a US resident to obtain a loan.

What does the process of getting a loan look like

GetCash.com has simplified the process of getting a loan to make it easier for borrowers to get the money they need. Plus, you can get a loan for as little as $100 and up to $5,000. Of course, it always depends on the lender program you qualify for and your credit score.

The simple process of getting a loan includes:

1. Complete the online loan application form with approximately 30 personal questions.

2. Be directed to a lender’s page, where you can view the terms and conditions of the offer.

3. Click “Accept” if the terms of the loan suit you. If not, you can start over from step 1.

Note that GetCash is free for borrowers. With consumer satisfaction in mind, GetCash never forces you to accept a loan offer from a lender if you are not completely satisfied with the terms and conditions.

Loan repayment

You can pay off your loan manually or use ACH transfers that automatically debit payments from your bank account. The latter option is preferred because it reduces the likelihood of late fees when you forget to repay the loan.

Loan consolidation

Loan consolidation allows borrowers to consolidate small, high-interest loans into larger, lower-interest loans. This is especially useful if you need another loan while paying off an existing loan and your credit history is improving. Through loan consolidation, you can get easier control of your regular payments and reduce costs.

Loan extensions

The availability of this offer depends on state laws, so be sure to inquire about policies on this before accepting a loan offer.

Types of loans provided by GetCash

At GetCash.com, a loan is available for almost any financial need: emergency medical loans, wedding loans, and emergency eviction loans, among others.

Now take a look at the types of loans you can get through GetCash.com.

GetCash.com offers different types of loans to create flexible solutions

Collateral loans

A secured loan is a type of loan in which the borrower undertakes to use an asset as collateral for the loan. This type of loan is useful for borrowers who may not qualify for a traditional loan. The downside is that the lender can seize the collateral and sell it to recoup their losses if you can’t make the payments. GetCash also offers collateral loans – car or car title loans are available to you.

Unsecured or unsecured loans

Also called a “personal loan”, this type does not require collateral. Funds are generally available more quickly and borrowers with high credit ratings can usually get better rates and larger sums. On the contrary, those with poor credit ratings may have low borrowing limits.

Unsecured or personal loans are divided into three types:

Payday loans

This unsecured loan is short term, usually paid off in two weeks. Approval can be quick, and even those with poor credit ratings are accepted. With this loan, you can borrow between $100 and $1,000.

Installment loans

Getting an installment loan won’t be that difficult either. With this type of loan, you can borrow between $1,000 and $5,000, and the interest rates aren’t as high as payday loans, so it’s perfect for people with good credit scores.

Conclusion

If you’re like a lot of people, you probably have some things in your life that you could use a little extra money for. Whether it’s an emergency, a big-ticket item you want, or just some pocket money, GetCash can help you get the cash you need fast.

Even if you have bad credit, GetCash can help you get the money you need quickly and easily. The best part is finding a lender in minutes and getting the money you need the next business day!

So why wait? Get started today at GetCash.com!

Authors biography :

John is a financial analyst but also a man with different interests. He enjoys writing about money and giving financial advice, but he can also dive into relationships, sports, games and other topics. Lives in New York with his wife and a cat.

Contact details

John Brown

manager@getcash.com

Company Website

https://getcash.com/

See the source version on newsdirect.com: https://newsdirect.com/news/getcash-makes-borrowing-fast-and-easy-114893396

2022 News Direct Corp.

]]>
Consumer and Business Debt Consolidation Market Growth 2031 – Designer Women https://rauchen-aufgeben.org/consumer-and-business-debt-consolidation-market-growth-2031-designer-women/ Thu, 16 Jun 2022 12:11:56 +0000 https://rauchen-aufgeben.org/consumer-and-business-debt-consolidation-market-growth-2031-designer-women/ How about a well-documented study on the Consolidation of consumer and business debt which includes an in-depth examination of the various models, programs and assets that could cause a paradigm shift in the rate of growth? It’s a reality. Based on the latest changes in consumer and business debt consolidation, Market Reports is the answer […]]]>

How about a well-documented study on the Consolidation of consumer and business debt which includes an in-depth examination of the various models, programs and assets that could cause a paradigm shift in the rate of growth? It’s a reality. Based on the latest changes in consumer and business debt consolidation, Market Reports is the answer to all your questions! During the forecast era, the study provides a detailed overview of the most profitable opportunities around the various segments in terms of revenue and volume. By focusing on different criteria such as drivers, restraints, barriers, opportunities and assessment of the competitive environment, the study with bullseye analysis has the potential to shape the core performance of the organization.

The volatile COVID-19 pandemic has reduced revenues in a variety of industries around the world. It wreaked havoc on the economy and caused unprecedented losses. Policymakers, business players and participants in consumer and corporate debt consolidation are trying to combat the deadly pandemic of economic failure as the planet continues to grapple with the COVID-19 pandemic. Consumer and business debt consolidation stakeholders have taken commendable steps by implementing effective plans, making quick decisions and revamping the entire market framework. They are now able to sustain their businesses as a result of this.

Market Reports has been used to paint the development colors on the canvas of businesses impacted by COVID-19. With near-perfect visualization and in-depth knowledge retrieval, Market Reports provides comprehensive and informative consumer and business debt consolidation analysis. When the study is coupled with realistic implementation by stakeholders of consumer and corporate debt consolidation, they will undoubtedly light the lamp of progress.

Access a sample report – marketreports.info/sample/50789/Consumer-and-Corporate-Debt-Consolidation

The research also examines the effect of many government policies around the world on consumer and business debt consolidation. The study also includes regulatory approvals and regulations specific to consumer and business debt consolidation, allowing key stakeholders to tailor their business practices accordingly. Revolutionary developments in the consumer and corporate debt consolidation industry that have the ability to alter the competitive environment are also highlighted in the study. The article becomes a knight in shining armor for major consumer and business debt consolidation stakeholders by emphasizing these aspects.

Top Key Players Included in Consolidation of consumer and business debt Market Are: Goldman Sachs, OneMain Financial, Discover Personal Loans, Lending Club, Payoff, Freedom Debt Relief, National Debt Relief, Rescue One Financial, ClearOne Advantage, New Era Debt Solutions, Pacific Debt, Accredited Debt Relief, CuraDebt Systems, Guardian Debt Relief, Dette Trading Services, Premier Debt Help, Oak View Law Group

Consumer and Business Debt Consolidation Breakdown Data by TypeCredit Card DebtStudent Loan DebtMedical BillApartment LeasesOtherConsumer and Business Debt Consolidation Breakdown Data by ApplicationCompanyConsumer

What sets Market Reports apart from the rest?

A 360 degree research mechanism is used by Market Reports. The study was developed specifically to assess the effect of COVID-19 on consumer and corporate debt consolidation. This mechanism reflects on almost every aspect in a systematic way to produce the best research report for the business stakeholders.

Check Instant Discount- marketreports.info/discount/50789/Consumer-and-Corporate-Debt-Consolidation

Evaluate: It is a reality.

The Market Reports report analyzes every little detail that could prove to be a driving force behind the development of consumer and business debt consolidation, which makes it unique and distinct from other studies.

Visualize: Authors involved in research activities have created a visual representation of the post-COVID-19 era to help key consumer and business debt consolidation stakeholders better understand the situation and take action to ensure continued development over the forecast period.

Overcome: the study examines the points that can prove to be the Achilles heel of consumer and business debt consolidation and helps in the development of strategies to overcome the obstacles that can hinder the Personal and corporate debt consolidation progress.

Leverage: Consolidating consumer and business debt will help you take advantage of things that can help you maximize your rate of growth. It’s a reality. All the points that major stakeholders need to rely on are covered by Market Reports.

Verify: The research is done comprehensively to ensure that all parts of the study are accurate. To avoid errors and false facts, all points are carefully double-checked and validated.

Last but not least, this feature helps the major stakeholder to remove all the hurdles that are hampering the growth rate and consolidation of consumer and business debt.

Regional outlook:

At the regional level, the world Consolidation of consumer and business debt The market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In addition, market data classification and region to country analysis are covered in the market research report. Additionally, regions are separated into country and region groups:

– North America (USA and Canada)

– Europe (Germany, UK, France, Italy, Spain, Russia and rest of Europe)

– Asia-Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and rest of Asia-Pacific)

– Latin America (Brazil, Mexico and rest of Latin America)

– Middle East and Africa (GCC (Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and Rest of Middle East and Africa)

Buy the full report @ marketreports.info/checkout?buynow=50789/Consumer-and-Corporate-Debt-Consolidation

About Us:

Market Reports offers a comprehensive database of syndicated research studies, custom reports, and consulting services. These reports are created to help make smart, instant and crucial decisions based on detailed and in-depth quantitative information backed by in-depth analysis and industry insights.

Our dedicated in-house team ensures that reports meet client requirements. We aim to provide valuable service to our customers. Our reports are based on extensive industry coverage and ensure that we focus on the specific needs of our clients. The main idea is to enable our customers to make an informed decision, keeping them and ourselves informed of the latest market trends.

Contact us:

Carl Allison (Business Development Manager)

Market reports

phone: +44 141 628 5998

Email: sales@marketreports.info

Website: www.marketreports.info

]]>
Amid Rising Interest Rates and Inflation, the ClickStart Mortgage Emerges as the Most Affordable Option for Borrowers https://rauchen-aufgeben.org/amid-rising-interest-rates-and-inflation-the-clickstart-mortgage-emerges-as-the-most-affordable-option-for-borrowers/ Tue, 14 Jun 2022 08:04:04 +0000 https://rauchen-aufgeben.org/amid-rising-interest-rates-and-inflation-the-clickstart-mortgage-emerges-as-the-most-affordable-option-for-borrowers/ ClickStart Mortgage is a marketplace that offers wholesale mortgage prices from reputable mortgage companies. In today’s market, where interest rates are rising and inflation is making it harder for ordinary Americans to buy a home, ClickStart Mortgage emerges as an innovative marketplace that offers cheaper wholesale prices from top lenders. country mortgages. They are based […]]]>

ClickStart Mortgage is a marketplace that offers wholesale mortgage prices from reputable mortgage companies.

In today’s market, where interest rates are rising and inflation is making it harder for ordinary Americans to buy a home, ClickStart Mortgage emerges as an innovative marketplace that offers cheaper wholesale prices from top lenders. country mortgages. They are based on Scottsdale, AZ. Traditional retail loans no longer benefit the end consumer. This not only costs more, but also negatively impacts the customer experience.

ClickStart Mortgage discovered a way to solve this problem first hand. All it took was technology, time and effort to build a strategic relationship with the most reputable lenders in the country. Through these relationships, ClickStart Mortgage can offer its clients lower rates and better terms. Saving them thousands of dollars compared to traditional loans.

What is the difference between retail interest rates and wholesale interest rates?

Retail interest rates are what 90% of people get when applying for a mortgage. They are obtained when a normal consumer directly contacts a big box lender i.e. Rocket Mortgage, LoanDepositAmeriSave, Wells Fargo, Chase, Bank of America, etc. These companies have a lot of overhead. From employee payroll, executive salaries and office expenses to a multi-million dollar annual advertising budget, several contributing factors are costing the end consumer more and leaving them with higher interest rates.

Wholesale interest rates are the exact opposite. Cheaper, more convenient and easier to qualify. They are obtained when a consumer uses a third-party lender like ClickStart Mortgage to negotiate rates on behalf of their customer. ClickStart Mortgage has forged strategic relationships with these large lenders, allowing them to utilize a backdoor wholesale side that is not available to retail customers. Since ClickStart Mortgage finds its customers themselves and is not employed by these lenders, they are able to offer ClickStart Mortgage at a much better price and, in return, ClickStart passes those savings on to their customers.

The different types of loans available with ClickStart Mortgage are home purchase, home refinance, home equity lines of credit and debt consolidation.

The loan process is simple. It works as follows:

– Complete the mortgage pre-approval application first.

– Second, get options based on the criteria.

– Third, ClickStart Mortgage compares interest rates with their wholesale network of lenders.

– Then select the best offer that best suits your needs.

Some lenders that ClickStart Mortgage works with are AmeriSave MortgageRocket Mortgage, LoanDeposit, Caliber Home LoansHomepoint and many more.

Jack Humphres is the co-founder and CEO of ClickStart Mortgage. The other co-founders are Christopher Rutherford, Christopher Boczand Judge of Devon. All have decades of experience in the mortgage industry.

Jack Humphres has worked in the financial industry since 2012. He has held senior positions in renowned banking and mortgage companies such as Wells Fargo, Rocket Mortgage, AmeriSave Mortgage, and others. He, along with the other co-founders, saw the need for a mortgage marketplace to improve the customer experience and provide better pricing and transparency.

Jack Humphres said, “Customer experience is at the forefront of who we are and everything we do. We are nothing without our customers, and it’s our way of giving back and putting them first. I have seen a big disconnect from my years of experience in this industry, all the big companies I worked for were satisfying their bottom dollar instead of giving their customers the rates they deserved. why I decided to walk away and start this company. Consumers deserve better, and I will make it my mission to make sure they get it. Our plans are to continue to develop our ecosystem. We are building a business and a culture that will live on for decades. We are also currently working on a house search site Click Start Homes. This is where customers will be able to see new real estate listings as they come on the market, check current home values, sell their homes, and connect with top real estate agents in their area. It will also help real estate agents and brokers by leveraging our brand and connecting us with new clients.”

To get the best interest rates. To buy, refinance or withdraw cash, visit: https://clickstartmortgage.com, email contact@clickstartmortgage.com or call 800-701-7908.

For updates, follow ClickStart Mortgage, @clickstartmortgage on Instagram and Facebook.

About ClickStart Mortgage:

ClickStart Mortgage is a marketplace that offers wholesale mortgage rates from the nation’s top lenders. They have their headquarters at Scottsdale, AZ.

The organization has been able to utilize its wholesale side due to its experience working with major lenders in the industry. They have exclusive backdoor access to provide you with exceptionally low interest rates through these strategic connections.

Customers can use ClickStart Mortgage to compare and find the cheapest mortgages instead of acquiring expensive quotes directly from large lenders. ClickStart Mortgage takes advantage of these connections and passes the savings on to its customers.

ClickStart Mortgage is currently a partner of AmeriSave MortgageRocket Mortgage, Caliber Home Loans, LoanDepositHomepoint and several other companies.

Media Contact

Company Last name: Click Start Mortgage

Contact person: Support

Email: contact@clickstartmortgage.com

Town: Scottsdale

State: Arizona

Country: United States

Website: clickstartmortgage.com

Source: www.abnewswire.com

.

]]>
More than 9 million people are eligible for the Student Loan Forgiveness Program, according to the report: Are you eligible? https://rauchen-aufgeben.org/more-than-9-million-people-are-eligible-for-the-student-loan-forgiveness-program-according-to-the-report-are-you-eligible/ Sun, 12 Jun 2022 13:58:00 +0000 https://rauchen-aufgeben.org/more-than-9-million-people-are-eligible-for-the-student-loan-forgiveness-program-according-to-the-report-are-you-eligible/ (NEXSTAR) – More than nine million Americans could qualify for federal student loan forgiveness under a program already in place, according to a new estimate. The Center for the protection of student borrowers has published a new report Thursday which looked at government data and found that millions of public service workers are likely eligible […]]]>

(NEXSTAR) – More than nine million Americans could qualify for federal student loan forgiveness under a program already in place, according to a new estimate.

The Center for the protection of student borrowers has published a new report Thursday which looked at government data and found that millions of public service workers are likely eligible for debt cancellation through the Cancellation of civil service loans program, but have not yet filed the documents to start the process.

The Civil Service Loan Cancellation Program, or PSLF, was created in 2007 to help employees of non-profit and government organizations get their student loans forgiven after ten years of payments (120 payments in total). The overall approval rating among applicants was low – only 1 in 5 of the 1.3 million borrowers seeking to discharge their debts through PSLF were on track to see relief by 2026, according to a September 2021 report from The Washington Post.

In 2021, the U.S. Department of Education announced a change that temporarily waives some PSLF requirements to provide borrowers with credit toward loan forgiveness, regardless of their federal loan type or they had been enrolled in a specific payment plan. This waiver is currently due to expire after October 31, 2022.

As of early May 2022, the federal student aid office reports that only about 127,000 borrowers were eligible for a rebate under the PSLF’s limited waiver.

Of the nine million public service workers, according to the SBPC, who are eligible for a rebate under the PSLF, less than 15% have even filed paperwork to track their progress toward debt cancellation. California, Texas, Florida and New York have the most public service workers with student loan debt, according to SBPC.

The Department of Education has not yet responded to Nexstar’s request for comment regarding SBPC’s report.

What you need to know about qualifying for the PSLF

As explained above, the PSLF aims to grant eligible civil servants debt forgiveness after a certain number of payments.

Eligible borrowers to have to:

  • Be employed by a U.S. federal, state, local, or tribal government or nonprofit organization (federal service includes U.S. military service)
  • Work full-time for this agency or organization
  • Have direct loans (or consolidate other federal student loans into one direct loan)
  • Make 120 qualifying payments

Under the current PSLF exemption, eligible borrowers can receive credit for payments made on other types of loans, under any payment plan, before consolidation or after the due date. . Those who have received the teacher loan forgiveness can apply for the period of service that led to their PSLF eligibility, if they can certify PSLF employment for that period.

How to determine if you qualify

The first step in determining your eligibility is to visit the FSA website. website and logging into your account. You will be able to search for your employer in the FSA database and add information about your employment. Once you have found your employer, you will be able to see if they are eligible for the PSLF.

Then, according to SBPC Walkthrough Guide, you will need to determine the type of federal student loan you have. Direct loans are eligible for the PSLF while other loans must be consolidated into a Direct Consolidation Loan. Until the end of October 2022, previous eligible payments you have made on a non-direct loan will count towards the 120 necessary payments that PSLF requires for forgiveness.

Once you have completed the steps above, you will need to confirm your employment. You should then be able to submit your PSLF form.

The FSA has created a help tool to guide borrowers in filling out the form.

Who is eligible for already approved student loan forgiveness?

Although widespread student loan forgiveness has yet to become a reality, some US borrowers have already received debt relief. About 1.3 million borrowers have seen $25 billion in student debt forgiveness since President Biden took office.

So far, thousands of borrowers have received $6.8 billion in debt forgiveness “thanks to PSLF improvements”, according to the Department of Education. About 690,000 other borrowers saw a total of $7.9 billion in student loans forgiven through releases due to borrower defenses and school closures. More than 400,000 borrowers have received more than $8.5 billion in debt forgiveness through total and permanent disability release.

Biden will likely announce his plans for more widespread student debt forgiveness in July or August, The Wall Street Journal reported Monday.

WXIN’s Matt Adams contributed to this report.

]]>
What is a good debt ratio and why is it important? | Mortgages and advice https://rauchen-aufgeben.org/what-is-a-good-debt-ratio-and-why-is-it-important-mortgages-and-advice/ Fri, 10 Jun 2022 13:03:33 +0000 https://rauchen-aufgeben.org/what-is-a-good-debt-ratio-and-why-is-it-important-mortgages-and-advice/ A good debt-to-equity ratio is essential for loan approval, whether you’re looking for a mortgage, car loan or line of credit. This ratio shows lenders how much debt you have relative to the income you earn. “The DTI ratio is the relationship between your scheduled monthly payments and your gross monthly income, expressed as a […]]]>

A good debt-to-equity ratio is essential for loan approval, whether you’re looking for a mortgage, car loan or line of credit. This ratio shows lenders how much debt you have relative to the income you earn.

“The DTI ratio is the relationship between your scheduled monthly payments and your gross monthly income, expressed as a percentage,” says credit expert John Ulzheimer, formerly of FICO and Equifax.

The bottom line: Your DTI ratio helps a lender determine if you can afford a new loan payment.

Read on to learn more about how to calculate DTI, why you need a good DTI, and whether yours makes a difference.

What is a debt to income ratio?

Your DTI ratio is a snapshot of monthly debt to income.

Your debts include mortgages, car loans, and credit cards, but not expenses such as rent, utilities, daycare, and car insurance.

What counts as income in your DTI ratio? The DTI calculation uses your gross monthly income, or the amount you earn each month before taxes and other deductions. Sources of income can include wages, salaries, tips and bonuses, pensions and social security payments.

Child support and alimony are considered debts if you make these payments and income if you receive them.

Why is your debt ratio important?

Your DTI is important because it tells lenders if you’re managing your debt responsibly, and a low DTI ratio can put you in a good position to take on new debt.

Mortgage lenders use DTI to calculate how much home you can buy and whether to approve your loan, says Dave Krichmar, a Houston mortgage banker.

A lender may have concerns about your ability to repay a new loan if you’re struggling with debt repayments that are higher than you can comfortably afford. When your DTI ratio is too high, lenders are not likely to approve you for credit because they know you are overburdened and less likely to pay reliably.

How to Calculate the Debt-to-Income Ratio

You can calculate your DTI ratio in four steps:

1. Add up your monthly debt payments.
2. Calculate your gross monthly income. If your income varies, estimate the income for a typical month.
3. Divide your total monthly debt payments by your gross monthly income.
4. Multiply your answer by 100 to get your DTI ratio as a percentage.

Let’s say your gross monthly income is $7,000 and your debt is $3,000: $2,000 mortgage payments, $500 car loan, $300 student loan, and $200 credit card credit. Monthly debts of $3,000 divided by gross monthly income of $7,000 equals 0.429. Multiply by 100 to get 42.9%, or a DTI ratio of 43%.

If you’re looking for a mortgage, use your potential new mortgage payment to calculate your DTI. If you are replacing your mortgage with another loan, do not add your old payment to the new one.

The Consumer Financial Protection Bureau has a DTI calculator this can help simplify your calculations. If you’re not confident in calculating your DTI, you can also seek help from an expert, such as a mortgage broker or loan officer, Krichmar says.

Getting confused or looking at the wrong numbers is easy to do, he says. For example, clients incorrectly used their take-home pay instead of gross income to calculate DTI, Krichmar says.

What is a good debt to income ratio?

When it comes to DTI, the lower the ratio the better, says Ulzheimer. “It means you can take on new debt more easily because you have the ability to make the payments,” he says.

A good DTI ratio is 43% or less, Krichmar says. How do lenders see your DTI ratio?

  • 35% or less: Your score is solid. You probably have money left over after paying your bills.
  • 36% to 49%: You have room to improve. You manage your debt well, but a financial emergency could spell trouble. A lower DTI could put you in a better position to borrow or deal with unforeseen circumstances.
  • 50% or more: You have work to do. If more than half of your income is spent paying off your debts, money is scarce. Your borrowing options may be limited because you cannot afford new debt.

How to lower your DTI ratio

To lower your DTI ratio, “you reduce your monthly obligations, increase your gross monthly income, or a combination of the two,” Ulzheimer says.

The easiest way to reduce your monthly debt burden is to pay off high balances and pay off other balances, says Janice Horan, vice president, Fair Isaac Advisors Global Credit Lifecycle Practice at FICO. “The other way is to make sure you’ve included all sources of income or to make sure you’ve included all recent increases in income,” says Horan.

Krichmar says you can lower your DTI ratio by paying more for your credit card debt or by refinancing loans to lower your monthly payments.

Other actions that can move your DTI ratio in the right direction:

  • Avoid taking on more debt. New debt can increase your DTI ratio unless you increase your income.
  • Choose a strategy to pay off your debts. The snowball or debt avalanche methods can be helpful, but they are not your only choices. You might consider a debt consolidation loan, balance transfer card, or debt management plan, depending on your financial situation. Whatever you do, always pay more than the minimum on your credit cards.
  • Look for ways to increase your income. Ask for a raise if you’re running late or considering taking a side job.

Does your DTI ratio affect your credit?

Your DTI ratio never affects your credit report or credit score.

“The DTI ratio is not included in the FICO score because verified income is not an available field in the credit bureau files that form the basis of the FICO score calculation,” says Horan.

In general, lenders view borrowers with higher DTI ratios as riskier than their peers with lower DTIs, Horan says.

Lenders may reject your loan application if your DTI ratio is too high, or you could end up with a low loan limit and a high interest rate.

If you have maxed out credit cards or high balances, it affects your DTI ratio and credit score, Krichmar says. But “your credit score doesn’t know how much you earn,” he says.

]]>
World Bank says Philippines debt remains manageable, recommends fiscal consolidation │ GMA News Online https://rauchen-aufgeben.org/world-bank-says-philippines-debt-remains-manageable-recommends-fiscal-consolidation-%e2%94%82-gma-news-online/ Wed, 08 Jun 2022 05:38:01 +0000 https://rauchen-aufgeben.org/world-bank-says-philippines-debt-remains-manageable-recommends-fiscal-consolidation-%e2%94%82-gma-news-online/ The Philippines’ debt level is still manageable despite breaking an internationally comfortable ratio, the World Bank said on Wednesday. In the first quarter of 2022, the country’s debt-to-gross domestic product (GDP) ratio – the size of government debt relative to the size of the economy – swelled to 63.5%, the most high in 17 years […]]]>

The Philippines’ debt level is still manageable despite breaking an internationally comfortable ratio, the World Bank said on Wednesday.

In the first quarter of 2022, the country’s debt-to-gross domestic product (GDP) ratio – the size of government debt relative to the size of the economy – swelled to 63.5%, the most high in 17 years and well beyond the 60% threshold recommended at the international level.

Meanwhile, at the end of April 2022, outstanding government debt reached a new high of 12.763 billion pesos.

Despite skyrocketing debt levels, World Bank senior economist Kevin Chua still believes the country’s liabilities are manageable.

“We think the debt is still manageable. Most of our debt is long-term, domestic and denominated in pesos and it should protect us from risk,” Chua said during a virtual press briefing for the lender’s June 2022 Philippines economic update.

Of the total public debt of 12.76 trillion pesos, 70% was borrowed locally and 30% came from external sources.

The outgoing Duterte administration is expected to take on 3.2 trillion pesos in additional debt as a result of the COVID-19 pandemic, which could raise the debt level to over 13 trillion pesos by the end of 2022. , above the initial plan of only around 9.9 trillion pesos.

Although he said the country’s debt levels are manageable, the World Bank’s Chua said “debt will be a drag on growth.”

“That’s the reason [why] we recommend fiscal consolidation,” he said.

Similarly, the Ministry of Finance (DOF) unveiled a fiscal consolidation plan to raise an average of 284 billion pesos per year for the next 10 years to pay off the historic additional debt of 3.2 trillion pesos incurred due to of the COVID-19 pandemic.

But the fiscal consolidation plan involves introducing new taxes, postponing personal income tax cuts and broadening the value added tax base.

New finance chief Benjamin Diokno said he agreed with the last two tax reform packages left behind by the Duterte administration, namely the property valuation tax packages and passive taxes on income and finance.

“Other than that, we should stop looking at tax reform first…we are happy with the current tax structure,” Diokno said.

The task of managing the country’s fiscal situation will be in the hands of newly elected President Ferdinand Marcos Jr. and his economic team which will be led by the outgoing Governor of Bangko Sentral ng Pilipinas, Diokno.

“Announcement of a fiscal consolidation plan will signal fiscal discipline and seriousness to deal with shrinking policy space,” Chua said.

Apart from fiscal consolidation, the World Bank economist said the high level of debt can be solved through higher economic growth.

“Any time we see an increase in our growth rate, that would definitely help reduce the debt ratio,” Chua said.

Diokno also said the country’s debt level is “easily manageable” as long as the economy can grow by 6% to 7%.

“But beyond rapid economic growth, we also need to pursue fiscal consolidation, that way we can bring the debt ratio back to pre-pandemic levels,” Chua said.

Prior to the COVID-19 pandemic, the country’s debt-to-GDP ratio was at an all-time high of 39.6% in 2019.—AOL, GMA News

]]>
On the debt, we have a big problem https://rauchen-aufgeben.org/on-the-debt-we-have-a-big-problem/ Sun, 05 Jun 2022 21:01:48 +0000 https://rauchen-aufgeben.org/on-the-debt-we-have-a-big-problem/ Columnists On the debt, we have a big problem Monday 06 June 2022 Debt burden concept. FILE PHOTO | NMG President Uhuru Kenyatta used his Madaraka Day address to outline his administration’s achievements since 2013. He awarded himself an A based on the work he has done in several sectors including infrastructure, health, education and […]]]>

Columnists

On the debt, we have a big problem


Debt burden concept. FILE PHOTO | NMG

President Uhuru Kenyatta used his Madaraka Day address to outline his administration’s achievements since 2013. He awarded himself an A based on the work he has done in several sectors including infrastructure, health, education and water. There may be few quibbles with the president’s record and score.

There is, however, the small issue of debt. Justifying the amount of debt his administration has borrowed, the president said that as long as the borrowed amounts are in the hands of a visionary administration, that money is in fact a critical catalyst for development.

The problem is that the administration lacks scruples. The president’s statement is correct. The big question is whether the debt has been mismanaged.

By his own admission a few months ago, the country loses 2 billion shillings every day. Although the accuracy of these figures has been disputed by President Kenyatta, the fact is that corruption continues to be an endemic problem for this administration.

Therefore, the debt burden that the country continues to bear is only partly attributable to the development projects of the past nine years. Much of this money has been misused.

Therefore, instead of advising the next administration not to run away from debt and ignore opponents on this issue, it is important that the leading political parties take a more critical look at the issue of debt.

In real terms, the fiscal space available to the incoming administration is less than what the Jubilee administration inherited from President Mwai Kibaki. Therefore, the attitude towards debt must also be significantly different. We need consolidation and debt reduction, not more debt.

Although there is debate over whether Kenya’s debt situation has crossed the red line, the reality is that debt servicing is currently the single largest item of expenditure in the budget. It is therefore difficult for the government to invest in development after having paid its recurrent obligations.

It is essential that the next administration prioritize the gradual reduction of this ratio. Its main objective must be fiscal sustainability by reducing the country’s overall debt situation and not continuing the borrowing spree.

In the short term, this requires making drastic and painful decisions. First, many of the promises made during the election campaign will either be dropped after the election or postponed. With the current financial situation, their financing is almost impossible.

There are several urgent initiatives that require attention. First, overlaps in terms of functions and personnel between national and county governments need to be resolved.

The Intergovernmental Relations Technical Committee has its work cut out for it. It must accelerate the implementation of the unbundling of functions to avoid the permanent duplication of functions and personnel for similar tasks.

Schedule 4 of the Constitution must be respected and respected in its entirety. For functions that have been fully decentralised, the national government needs to free up resources and reduce its staff to align with reality. It doesn’t pay that agriculture continues to have huge numbers nationally 10 years after devolution.

Second, there is the restructuring of parastatals. Several years after Abidakir Mohamed’s task force, the global merger that was envisioned for the parastatals has yet to materialize. The consequence is that these agencies continue to be sources of revenue leakage.

Third, the issue of corruption. On this point, the president was at the rendezvous. The country must take deliberate action to slay the dragon of corruption.

The amount of money we lose to corrupt activities is such that if we seal the cracks of corruption, we can recover the economy and make it grow again, as happened during the NARC years. This is the sure way to ensure that you reduce the level of indebtedness and that you only borrow within acceptable limits.

]]>