Saving investment – Gran Logia Costa Rica http://granlogiacostarica.org/ Fri, 08 Oct 2021 19:18:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://granlogiacostarica.org/wp-content/uploads/2021/05/cropped-icon-1-32x32.png Saving investment – Gran Logia Costa Rica http://granlogiacostarica.org/ 32 32 Focus on consumer credit: Stakeholders say consumer credit financing can boost sales tenfold https://granlogiacostarica.org/focus-on-consumer-credit-stakeholders-say-consumer-credit-financing-can-boost-sales-tenfold/ https://granlogiacostarica.org/focus-on-consumer-credit-stakeholders-say-consumer-credit-financing-can-boost-sales-tenfold/#respond Fri, 08 Oct 2021 19:18:35 +0000 https://granlogiacostarica.org/focus-on-consumer-credit-stakeholders-say-consumer-credit-financing-can-boost-sales-tenfold/

By Jennifer Bardoner

The ‘buy now, pay later’ model has been shown to drive ticket sales, but the flooring industry has been slow to adopt financing programs that allow customers to share the cost of the purchase. in manageable monthly payments. Retailers without consumer finance could leave thousands of dollars on the table with every purchase, according to those who use these systems – and that was before home improvement spending jumped nearly 3%, to 420. billion, in 2020, according to Harvard University Joint Researchers at the Center for Housing Studies, who also note that another 4% growth is forecast for 2021.

BUILD SALES AND LOYALTY
“When it comes to home improvement, offering financing options can take consumers away from a ‘What can I afford? To “What do I want?” ”Said Jason Farmer, vice president of advertising, branding and payment solutions for Synchrony, which partners with retailers across the country to provide financing options to consumers. “In a recent survey, Synchrony found that 75% of home improvement dealers said that offering financing options increased their average sales tickets. And 65% said the average sale increased by around 10% to 30%.

Many, like retailers who are members of CCA’s buying groups, use revolving credit programs in the form of a branded credit card, offering an unsecured line of credit that can be used over and over again for purchases. , thus building store loyalty and long-term sales. . An article from national debt service provider Americor reports that over 60% of consumers shop more often from retailers with which they have a credit card in store, and they are also more receptive to communications about events and promotions. this retailer. And a 2019 article from global e-commerce provider Scalefast quantifies it as roughly four additional store visits per year per cardholder.

Whether short term or long term, branded credit cards are big business. Private label credit card payments, which account for a growing percentage of all credit card payments, according to the Federal Reserve, have grown 12.7% per year in number and 11% per year in value since 2015 The 2019 Federal Reserve Payments Study put a value of $ 340 billion in 2018, the latest data available.

“Our average ticket for funded purchases is up to three times the average purchase by credit card,” says Keith Spano, president of Flooring America at CCA, Flooring Canada, International Design Guild and The Floor Trader. “It’s not uncommon for consumers to take advantage of consumer finance to not only buy better products, but also to add a coin or two to their initial purchase.

Spano says 85% of CCA member retailers take advantage of Synchrony’s fundraising program on a monthly basis and that customers have come to trust it. “Consumer finance has been an integral part of the sales process for CCA members for as long as I can remember, but the pandemic has certainly increased the use of consumer finance by our members, as our consumer is. waiting there, ”he said. Farmer points to the Synchrony study which found that 40% of flooring customers surveyed are still looking for financing options for large purchases, and that about a third of Synchrony cardholders would forgo a purchase if the financing didn’t. was not available.

CONSUMER CREDIT STRATEGIES
The ability to pay the purchase price instead of being indebted for the amount in your bank account when you decide to buy often comes with high interest rates for the consumer, and retailers don’t get it either. the luxury of this option for free. While major brand partners like Shaw often reduce costs for retailers, whose combined volume can earn them competitive prices up front, it should be noted that “competitive” can be a nuanced term.

“As a manufacturer, we partner with a supplier to consolidate the volume of consumer finance for a large group of our customers, to provide our customers with access to a lower cost financing solution,” says Alan Hundley , vice president of corporate finance. for Shaw Industries. “The more volume we can add to the program, the more affordable it becomes for everyone. We have occasional promotional rates using our own funds [to supplement the cost]. “Hundley adds that Shaw’s brand-specific discounted rates as well as global purchases, as the cards can generally be used on any merchandise at a participating retailer,” have helped us promote acceptance and use of the program “.

The growing pool of financial partners has led to increased competitiveness overall, Hundley notes. “We noticed that flooring retailers really didn’t use this as other retailers, such as mattresses and furniture, were using it, and we thought cost was one of the reasons He said of Shaw’s decision to switch from Synchrony to Wells Fargo for its funding program starting in 2019. “There was only one major supplier in the industry at the time, and we didn’t really did not feel that this gave the industry enough rate competitiveness. So we introduced another competitor into the mix.

Dal-Tile’s sales manager Tony Wright also cites affordability as a potential barrier to using the program, but on the consumer side, which has led Dal-Tile to launch a new funding program through Service. Finance early in the year, increasing Dal-Tile’s (and parent company Mohawk) existing revolving credit option through Synchrony.

Modeled on installment loans, often used to buy a car, the new program offers a fairly low fixed interest rate (6.99% to 9.99%, depending on the program or loan product used) and a window longer repayment period. Common consumer revolving credit promotions like six- or 12-month deferred interest can still be unrealistic for many buyers, he says, and the cost to the retailer “increases dramatically” when revolving credit terms are reduced. stretched to make it affordable for the consumer.

“With revolving credit, what you typically see offered in the flooring industry is 12-month deferred interest,” says Wright. “But think about it, $ 10,000 divided by 12 months is $ 833 a month. Most homeowners don’t have this in their budget. By giving buyers up to ten years to pay off the cost, which can go up to $ 15,000 for tile – “the most expensive flooring option sold by retailers,” according to Wright, customers of Wright may be even more likely to spend more this time alone. purchase which, unlike a car loan, is not guaranteed, making it easier for buyers to qualify for financing.
Wright says customers often arrive on a budget that’s set too low for what they want, and end up cutting items or switching to low-end products in order to keep that budget.

“When given an affordable payment option, whether it’s revolving credit or long-term financing, customers are more likely to go ahead without compromising on that. they want, ”he says. “For some clients, a 12-month deferred interest plan is the right answer, and for others, it may be a 60-month equal payment plan. Being able to offer consumers affordable payment options that fit their particular budget is a key factor in closing the sale. “

In Dal-Tile’s new program pilot, ticket sales were up to ten times higher, although he expects the long-term effect to be on average three times higher than unfunded purchases. Currently limited to the brand’s 300 or so Statements Elite partners, but not Dal-Tile products, the program offers another tool to qualified retailers when combined with the company’s established revolving credit financing through Synchrony, potentially allowing a client to start with an installment loan. then transfer their balance to their Synchrony account. Synchrony’s promotional terms – with payment / deferred interest, equal payment / no interest, and fixed payment / with interest – can range from six to 60 months, Farmer says.

“It is proven in a great many studies that, given a longer payment term, consumers spend a lot more money,” said Wright.

To some extent, however, it will still depend on the seller and their pitch. Synchrony and Wells Fargo both offer onboard training and ongoing resources.

“We are working in partnership with the vendor to help with marketing materials, advertising, training and technology to enable the program as part of our customers’ sales process,” Hundley said. “I have been heavily involved in all of our retail customer incentive programs over the past five or six years and, from my perspective, this program is by far one of the best tools we offer to. our customers to grow their business and improve their profits. . “

Copyright 2021 Floor Focus

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Analysts Predict WesBanco, Inc. (NASDAQ: WSBC) to Report EPS of $ 0.74 https://granlogiacostarica.org/analysts-predict-wesbanco-inc-nasdaq-wsbc-to-report-eps-of-0-74/ https://granlogiacostarica.org/analysts-predict-wesbanco-inc-nasdaq-wsbc-to-report-eps-of-0-74/#respond Thu, 07 Oct 2021 09:11:07 +0000 https://granlogiacostarica.org/analysts-predict-wesbanco-inc-nasdaq-wsbc-to-report-eps-of-0-74/

Analysts predict that WesBanco, Inc. (NASDAQ: WSBC) will report earnings of $ 0.74 per share for the current quarter, Zack reports. Three analysts provided earnings estimates for WesBanco, with the lowest EPS estimate being $ 0.63 and the highest estimate being $ 0.80. WesBanco reported earnings of $ 0.66 per share in the same quarter last year, suggesting a positive year-over-year growth rate of 12.1%. The company is expected to release its next earnings report on Wednesday, October 20.

On average, analysts expect WesBanco to report annual earnings of $ 3.50 per share for the current year, with EPS estimates ranging from $ 3.30 to $ 3.60. For the next fiscal year, analysts predict the company will post earnings of $ 2.51 per share, with EPS estimates ranging from $ 2.35 to $ 2.73. Zacks’ earnings per share calculations are an average based on a survey of research companies that cover WesBanco.

WesBanco (NASDAQ: WSBC) last released its results on Tuesday, July 27. The financial services provider reported earnings per share (EPS) of $ 1.01 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.75 of $ 0.26. The company posted revenue of $ 151.97 million for the quarter, compared to analysts’ estimates of $ 149.17 million. WesBanco recorded a return on equity of 9.17% and a net margin of 36.64%. The company’s revenue grew 0.1% year-on-year. During the same period of the previous year, the company posted earnings per share of $ 0.07.

Several equity analysts recently weighed in on WSBC stocks. Boenning Scattergood reiterated a “neutral” rating on WesBanco shares in a research report on Wednesday, September 29. Royal Bank of Canada increased its target price on WesBanco from $ 36.00 to $ 38.00 and assigned the stock a “sector performance” rating in a research report published on Wednesday, September 29. B. Riley reaffirmed a “neutral” rating on WesBanco shares in a research report on Tuesday, July 27. Raymond James downgraded WesBanco from an “outperformance” rating to a “market performance” rating in a research report released on Thursday, July 8. Ultimately, Zacks investment research reduced WesBanco from a “buy” rating to a “conservation” rating in a research report released Tuesday. Seven equity research analysts rated the stock with a conservation rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $ 34.75.

(A d)

Investors – this rare earth miner may have a generational advantage.

Institutional investors and hedge funds recently bought and sold shares in the company. Capital Analysts LLC purchased a new position in WesBanco shares in Q1 valued at approximately $ 28,000. Nisa Investment Advisors LLC purchased a new position in WesBanco shares in the second quarter valued at approximately $ 36,000. Evermay Wealth Management LLC purchased a new position in WesBanco shares in the 2nd quarter valued at approximately $ 36,000. Federated Hermes Inc. bought a new position in WesBanco shares in the 2nd quarter valued at approximately $ 38,000. Finally, Captrust Financial Advisors purchased a new equity stake in WesBanco in the 1st quarter for a value of approximately $ 51,000. Hedge funds and other institutional investors hold 62.31% of the company’s shares.

WSBC shares opened at $ 35.54 on Thursday. The company has a market cap of $ 2.32 billion, a PE ratio of 10.39 and a beta of 1.09. The stock’s fifty-day moving average price is $ 33.16 and its two hundred-day moving average price is $ 35.32. The company has a leverage ratio of 0.19, a current ratio of 0.83, and a quick ratio of 0.83. WesBanco has a one-year low at $ 22.53 and a one-year high at $ 39.87.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 1. Shareholders of record on Friday September 10 received a dividend of $ 0.33. This represents a dividend of $ 1.32 on an annualized basis and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, September 9. WesBanco’s payout ratio is currently 70.21%.

WesBanco Company Profile

WesBanco, Inc is a banking holding company that provides financial services. It operates in the following segments: Community Banking and Trust and Investment Services. The Community Banking segment provides services traditionally offered by service commercial banks, including commercial sight, individual sight and term accounts, as well as commercial, mortgage and individual installment loans, and some non-traditional offerings, such as as insurance and securities brokerage. services.

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WesBanco earnings history and estimates (NASDAQ: WSBC)

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While WesBanco currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

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Affirm Stock signs deal with Target ahead of holiday shopping https://granlogiacostarica.org/affirm-stock-signs-deal-with-target-ahead-of-holiday-shopping/ https://granlogiacostarica.org/affirm-stock-signs-deal-with-target-ahead-of-holiday-shopping/#respond Wed, 06 Oct 2021 17:00:08 +0000 https://granlogiacostarica.org/affirm-stock-signs-deal-with-target-ahead-of-holiday-shopping/

A customer leaves a Target store in New York City, August 15, 2021.

Scott Mlyn | CNBC

Affirm shares jumped 20% on Wednesday after retail chain Target began offering customers the online lender’s installment loan service for purchases over $ 100.

Target stated in a blog post that he is teaming up with Affirm and his little rival Sezdle as consumers gear up for the holiday shopping season.

“We know our customers want easy, affordable payment options that stay within their family’s budget,” Gemma Kubat, President of Retail and Financial Services at Target, said in the post.

Buy Now, Pay Later or BNPL, which are often interest-free installment loans, have grown in popularity as retailers respond to consumer demands for easy ways to pay without going into debt. BNPL providers typically add a payment button to a retailer’s website and then take a merchant’s share with each transaction.

RBC Capital Markets estimates that a BNPL option increases retail conversion rates by 20-30% and increases average note size by 30-50%.

Affirm went public in January at $ 49 a share, and its price has since jumped more than 150% to $ 133.70 on Wednesday. The company’s market capitalization has exceeded $ 35 billion.

A spokesperson for Affirm confirmed Target’s deal and said in an email to CNBC that a recent survey conducted by the company showed that more than half of Americans “are interested in using ‘a pay-as-you-go solution during the holiday season “.

Affirmer’s most significant announcement came in late August, when the company said Amazon was offering its service for purchases of $ 50 or more on the site. Affirm shares soared 47% as the company became Amazon’s top third-party installment loan provider.

Earlier in August, Affirm partnered with Apple to financing offer for iPhone, iPad and Mac.

The BNPL market is taking off far beyond Affirm. Square agreed in August to buy Afterpay in Australia for $ 29 billion, the biggest tech deal of the year. And in June, Swedish fintech company Klarna raised funds at a valuation of $ 46 billion, following a partnership with Macy’s in late 2020.

Target said in their post that clients can apply with Affirm to get started. Then, after filling out a cart on Target’s website, a buyer can choose to pay with Affirm and decide on a monthly refund.

“You’ll never pay more than what you agreed to at checkout because Affirm doesn’t charge any late or hidden fees,” Target said.

LOOK: Affirm CEO says fintech has a long way to go

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Where to get a personal loan with bad credit https://granlogiacostarica.org/where-to-get-a-personal-loan-with-bad-credit/ https://granlogiacostarica.org/where-to-get-a-personal-loan-with-bad-credit/#respond Tue, 05 Oct 2021 16:23:17 +0000 https://granlogiacostarica.org/where-to-get-a-personal-loan-with-bad-credit/

LOS ANGELES – October 5, 2021 – (Newswire.com)

iQuanti: If you need the cash but your credit rating is bad or fair, you might not know that getting a personal loan is an option. Fortunately, there are many personal loans that do not require you to have good credit. These loans often come with straightforward applications and quick approval decisions, so you can get the cash you need fast. Here are three lenders you can get low credit loans if you are working to build a better credit rating:

Installment lenders

Installment loans are short term unsecured loans that give you a sum of money that you will pay back in fixed monthly installments. You can repay these loans over a few months or even a few years. Many lenders offer installment loans that you can apply for and get online from the comfort of your own home.

While installment lenders often take your credit score into account when approving you for a loan, many will also consider factors such as your income, employment history, and current debt. They don’t require a good credit score, so you can get approved with poor or average credit. Remember that you can get a higher interest rate than borrowers with good or excellent credit.

Cash advance lenders

Cash advances are small, short-term loans that can help cover expenses before your next paycheck. Cash advance lenders will take factors like your income into account when deciding whether to approve you because you will be paying off this loan on your next payday. For this reason, many lenders do not require you to have a good credit rating and may approve you with poor or average credit. But be careful with cash advances and make sure you can repay the loan with your next paycheck. Otherwise, you may face interest penalties until it gets paid.

Securities lenders

Securities lending are secured loans that allow you to use your vehicle as collateral and are a good option when your credit score is in trouble. With these loans, you can receive funds of 25-50% of the value of your vehicle and you can continue to drive your car while you pay off the loan.

Many title lenders are more flexible when it comes to your credit score since you let them keep title to your car. But like with a cash advance, you’ll want to make sure you have a plan in place to pay off the loan quickly. Otherwise, you risk penalties, interest, or repossession of the vehicle if you don’t pay it back.

How to find the right personal loan

Which personal loan is right for you depends on your financial situation and how quickly you need the money. Fortunately, many lenders for installment loans, cash advances, and title loans can get you the money you need on the same day you apply or within 24 hours.

A cash advance may make more sense if you have a stable income and an upcoming paycheck. If you own a car and its title blank, you can choose to use the car as collateral through a title loan instead. And if you want to get an unsecured loan with a larger amount of money, you can consider applying for an installment loan. Whichever option you choose, you’ll want to be sure it’s the right choice for your unique needs.

The bottom line

It is possible to get a personal loan if you have poor credit through installment lenders, cash advances, and securities. And these loans can give you quick access to the money you need for a reasonable price as long as you pay off the loan on time. But keep in mind that while you can get a loan with a bad credit rating, you should aim to build your credit score through on-time payments and responsible financial management. This can ensure that you have additional loan options at cheaper rates in the future.

Notice: The information provided in this article is for informational purposes only. Consult your financial advisor about your financial situation.

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Advance America: How to Apply for a Signature Loan https://granlogiacostarica.org/advance-america-how-to-apply-for-a-signature-loan/ https://granlogiacostarica.org/advance-america-how-to-apply-for-a-signature-loan/#respond Tue, 05 Oct 2021 13:19:32 +0000 https://granlogiacostarica.org/advance-america-how-to-apply-for-a-signature-loan/

LOS ANGELES – October 5, 2021 – (Newswire.com)

Signature loans, also known as “good faith” loans, are a good option when borrowers need cash quickly. These loans often only require the name, income, credit history and signature of the borrower to apply and get approval.

If a borrower is looking for a loan that they can get quickly without posting collateral, a signature loan may be a good choice. here’s how signature loans work and how borrowers can apply for it.

How Do Signature Loans Work?

Signature loans are unsecured personal loans that do not require borrowers to use an asset, such as their home or car, as collateral. Signature loans often come in the form of installment loans, which give borrowers a lump sum of money that they will repay in the form of fixed monthly payments. These loans offer the borrower a fixed amount, an interest rate and a repayment schedule.

Borrowers can use signature loans for a variety of purposes including:

  • Emergency expenses
  • Home renovations
  • Big purchases
  • Debt consolidation or refinancing
  • Vacations

Lenders look at information such as income, credit score and history, employment history, and current debts to decide whether or not to approve borrowers. Many lenders have less stringent requirements, so borrowers can get approval for a signature loan with a poor or fair credit rating.

Apply for a signature loan

Applying for a signature loan is quick and easy. Borrowers will need to have some basic information, including:

  • name
  • Address
  • Contact details (email address, phone number)
  • Social Security number
  • Proof of income (pay stubs, bank statements, tax returns or profit and loss statements for the self-employed)

If the lender conducts serious credit checks, the borrower may also need to authorize a credit check.

Here are the steps to apply for a signature loan:

  1. Gather all the information and documents needed to apply.
  2. Apply for a signature loan.
  3. If approved, review the conditions.
  4. Accept the loan terms by signing the documents.
  5. Receive the funds.

Many lenders who offer signature loans will give borrowers the funds quickly after they have been approved, sometimes on the same day of application or within 24 hours.

The bottom line

Signature loans can be a great option for borrowers who are in need of quick cash. Many of these loans only require a little basic information and take a few minutes to apply, and borrowers may be able to receive their funds on the same day. With that said, borrowers should always review their monthly budget to make sure they can accept a signature loan before completing an application.

Notice: The information provided in this article is for informational purposes only. Consult your financial advisor about your financial situation.

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Buy now, pay later loans put pressure on traditional consumer finance https://granlogiacostarica.org/buy-now-pay-later-loans-put-pressure-on-traditional-consumer-finance/ https://granlogiacostarica.org/buy-now-pay-later-loans-put-pressure-on-traditional-consumer-finance/#respond Mon, 04 Oct 2021 21:36:00 +0000 https://granlogiacostarica.org/buy-now-pay-later-loans-put-pressure-on-traditional-consumer-finance/

Posted: October 4, 2021 at 5:36 p.m. EDT|Update: 5 hours ago

ROCKVILLE, Maryland., October 4, 2021 / PRNewswire / – For finance companies and traditional banks, Buy Now, Pay Later (BNPL) or Point-of-Sale Install Loan (POSIL) financing requires adopting a next-generation mindset by innovation. Competition with fintechs for installment loan market share and customer retention is forcing traditional lenders, relying on decades of consistent revenue from the credit card unit, to rethink their business models from Consumer credit.

Packaged facts logo. (PRNewsFoto / Packaged Facts)

In his just released Buy now, pay later: point-of-sale installment loans (September 2021), Packaged Facts estimates that the BNPL installment loan market in the United States has grown to $ 250 billion in 2020, for a compound annual growth rate (CAGR) of 33% over the previous five years.

While there were concerns that the economic uncertainty associated with the global pandemic could negatively affect BNPL’s installment lending industry, it did not, according to the author of the report. Elizabeth rowe.

Instead, consumers shifted much of their retail spending to debit cards and BNPL installment loans as they paid off their credit card debts and curbed household spending, placing custodians. crazy around their budgets. The other main beneficiaries of changing consumer payment preferences have been debit card service providers.

An exclusive property Packaged Facts August-September 2021 An online survey conducted for this report shows that 34% of the sample of 2,000 American adults who are active on the Internet used Buy Now, Pay Later loans, almost double the figure of 18% recorded last February. .March 2020 investigation. Almost half (47%) of recent BNPL loan customers have used PayPal Credit as a provider. Affirm, Afterpay and Klarna also collect significant shares.

While “BNPL” and “POSIL” loans are terms used around the world, the products actually available in each country and / or geopolitical territory reflect their specific characteristics. Solutions in each market are tailored based on the wealth of consumers’ households, their experiences with consumer credit, their preferences for specific payment methods, and the overall uptake and usage of Internet by the population, especially mobile commerce.

In some less prosperous markets, BNPL finance is a mature pillar of consumer credit. In the wealthiest economies, dynamic levels of ingenuity and fintech competition have allowed BNPL’s installment loans to grow faster than any other consumer credit product and twice as fast as credit cards. . This is why this category of credit is hot.

About the packed facts

Packaged Facts, a division of MarketResearch.com, publishes market information on a wide range of consumer market topics, including consumer demographics and buyer information, food and beverage market, consumer financial products and services, consumer and retail goods, and pet products and services. Packaged Facts also offers a full range of personalized research services. Reports can be purchased from our company’s website and are also available on MarketResearch.com.

For more essential information on Packaged Facts, be sure to follow us on Twitter (@packaged_facts), LinkedIn and YouTube.

Press contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@packagedfacts.com

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The above press release has been provided courtesy of PRNewswire. The views, opinions and statements contained in the press release are not endorsed by Gray Media Group and do not necessarily state or reflect those of Gray Media Group, Inc.

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Yes, you can buy fashion now, pay later. But should you? https://granlogiacostarica.org/yes-you-can-buy-fashion-now-pay-later-but-should-you/ https://granlogiacostarica.org/yes-you-can-buy-fashion-now-pay-later-but-should-you/#respond Sun, 03 Oct 2021 06:40:25 +0000 https://granlogiacostarica.org/yes-you-can-buy-fashion-now-pay-later-but-should-you/

Go away. Credit card. Installment loans. We have adopted “buy now, pay later” practices for decades. The latest model actually bears the title. Dubbed the hottest thing in fintech, start-ups like Affirm Holdings Inc., Klarna, Afterpay Ltd, and even well-known names like PayPal Holdings Inc. are offering customers the ability to spread the cost of a purchase on smaller and affordable monthly payments. .

Millennials and young Gen X shoppers have flocked to buy now and pay later for apps with Gen Z not far behind. Is this just the next innovation in consumer culture? Or should we be worried?

Read also : How to save space, money and the environment

The knee-jerk reaction to elegant offers of “interest-free” and “no-charge” financing is skepticism. There is surely a catch.

Typically, when it comes to free services, you are the product, whether your data is used or you are directed to another business. Lots of Buy It Now, Pay Later, or BNPL services have partnerships and integrations with major retailers, such as Amazon.com Inc. and Walmart Inc. Why? Because buying now, paying later, tools encourage people to spend.

It’s the same behavioral economics proposition that we see with credit cards: you have the option to make the purchase now, even if you can’t afford it. Studies over the decades have shown that those who use credit cards are more likely to spend more than their counterparts who use cash. (Granted, the link between overspending and intangible money may change as money becomes more digital.)

In addition to partnerships and integrations, BNPL services can also earn a commission from partner merchants for each sale. And some BNPL models have loan offers that charge interest, so it’s important for consumers to know when interest and fees actually kick in (late payments, for example).

There are certainly some positives to the BNPL model. Those who want to make a large purchase without committing too much cash may benefit from the option of paying in installments.

What is concerning, however, is that these services are often not used for big ticket items. Electronics and clothing / fashion are the most common purchases made through a BNPL service, according to a survey by The Ascent. The Affirm website, for example, asks if you’re looking for an outfit that impresses. Afterpay’s claims fast fashion company SHEIN, Old Navy and Crocs among its most popular categories right now.

It doesn’t necessarily hurt to spread the occasional purchase over several installments or to postpone the payment until later. But it’s worth questioning the message and integrations aimed at younger generations to buy more of what they might not be able to afford. If these services are here to stay, which seems likely, it would be wise to consider the most responsible ways to use them.

For those who are going to use a BNPL loan, the behaviors should be the same as a good use of the credit card. Pay this bill on time and in full every month. Don’t buy something you couldn’t afford to pay when the bill is due. Just because you have access doesn’t mean you can actually afford the article. Even though the BNPL company says it sends SMS and email reminders when an invoice is due, you need to set up yours to make sure there is always enough money in your monthly budget to stay on top of your payments.

It probably makes more sense to use a BNPL service for occasional high-priced items rather than funding impulse or low-cost purchases.

If you plan to use BNPL for multiple purchases in a short period of time, be sure to track how much you have already allocated from your monthly budget for these installment loans to avoid overspending. Even though the service says “No Fees” in large print, make sure you read the fine print and understand what happens after a missed payment and what interest is charged on your purchase.

One of the biggest caveats: keep in mind what funds your BNPL purchase. If you choose to use a credit card as your payment method, you could end up with high interest credit card debt if you don’t make payments on time. You wouldn’t be better off if you put everything on the map from the start.

Basically the question becomes, just because you can buy now, pay later – should you? You can only answer on your own, but if you have a history of compulsive overspending or misuse of your credit card, be cautious about increasing these services.

Erin Lowry is the author of Broke Millennial, Broke Millennial Is Going Into Investing, and Broke Millennial Talks About Money: Stories, Scripts, and Tips for Navigating Sensitive Financial Conversations.

Read also : How Abraham and Thakore Create Glamor Out of Waste

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Yes, you can buy now and pay later, but should you? https://granlogiacostarica.org/yes-you-can-buy-now-and-pay-later-but-should-you/ https://granlogiacostarica.org/yes-you-can-buy-now-and-pay-later-but-should-you/#respond Sat, 02 Oct 2021 16:00:00 +0000 https://granlogiacostarica.org/yes-you-can-buy-now-and-pay-later-but-should-you/
  • By Erin Lowry / Bloomberg Opinion

Go away. Credit card. Installment loans. We have adopted “buy now, pay later” practices for decades. The latest model actually bears the title. Dubbed the hottest thing in fintech, startups like Affirm Holdings Inc, Klarna, Afterpay Ltd and even household names including PayPal Holdings Inc are giving customers the option to spread the cost of a purchase. on smaller, affordable monthly payments.

Millennials and younger Gen X shoppers have flocked to buy now and pay for apps later, with Gen Z not far behind. Is this just the next innovation in consumer culture? Or should we be worried?

My instinctive reaction to elegant “interest-free” and “no-charge” financing offers is skepticism. There is surely a catch.

Photo: Bloomberg

Typically, when it comes to free services, you are the product, whether your data is used or you are directed to another business. Many Buy It Now, Pay On Pay, or BNPL services have partnerships and integrations with major retailers, such as Amazon.com Inc, Walmart Inc, Macy’s Inc and Bed, Bath & Beyond Inc. Why? Because buying now, paying later, tools encourage people to spend.

It’s the same behavioral economics proposition that we see with credit cards: you have the option to make the purchase now, even if you can’t afford it. Studies over the decades have shown that those who use credit cards are more likely to spend more than their counterparts who use cash. Certainly, the link between overspending and intangible currency could change as money becomes more digital.

In addition to partnerships and integrations, BNPL services can also receive a commission from partner merchants for each sale. Some BNPL models have loan offers that charge interest, so it’s important for consumers to know when interest and fees come into play.

There are certainly some bright spots in the BNPL model. Those who want to make a large purchase without hogging too much cash may benefit from the option of paying in installments. A friend of mine mentioned using buy now, pay later to buy a crib. Could she have paid in advance? Yes. Did she want to shell out $ 1,200 all at once when she had a lot of other expenses? Nope.

What is concerning, however, is that these services are often not used for big ticket items. Electronics and clothing / fashion are the most common purchases made through a BNPL service, according to an Ascent survey. The Affirm website, for example, asks if you’re looking for an outfit that impresses. Afterpay’s claims fast fashion company Shein, Old Navy and Crocs among its most popular categories right now.

It doesn’t have to be bad to spread the occasional purchase over several installments or to postpone the payment until later.

However, it is worth questioning the message and integrations aimed at younger generations to buy more than they might not be able to afford.

If these services are here to stay, which seems likely, it would be wise to consider the most responsible ways to use them.

For those who are going to use a BNPL loan, the behaviors should be the same as the proper use of the credit card. Pay this bill on time and in full every month. Don’t buy something you can’t afford to pay when the bill is due. Just because you have access doesn’t mean you can actually afford the article.

Even though a BNPL company says they send SMS and email reminders when an invoice is due, you need to set up yours to make sure there is always enough money in your monthly budget to stay on top of your payments.

It probably makes more sense to use a BNPL service for occasional high-priced items rather than funding impulse or low-cost purchases.

If you plan to use BNPL for multiple purchases in a short period of time, be sure to track how much you have already allocated from your monthly budget for these installment loans to avoid overspending.

Even though the service says “no fees” in big letters, make sure you read the fine print and understand what happens after a missed payment and what interest is being charged on your purchase.

One of the biggest caveats: keep in mind what funds your BNPL purchase. If you choose to use a credit card as your payment method, you could end up with high interest credit card debt if you don’t make payments on time. You wouldn’t be better off than if you had put everything on the map from the start.

Basically the question becomes, just because you can buy now, pay later – should you? You can only answer on your own, but if you have a history of compulsive overspending or misuse of your credit card, be cautious about increasing these services.

Erin Lowry is the author of Broke Millennial, Broke Millennial embarks on investing and Broke Millennial Talks Money: Stories, Scripts, and Tips for Navigating Sensitive Financial Conversations.

This column does not necessarily reflect the opinion of the Editorial Board or of Bloomberg LP and its owners.

Comments will be moderated. Keep comments relevant to the article. Comments containing abusive and obscene language, personal attacks of any kind or promotion will be removed and the user banned. The final decision will be at the discretion of the Taipei Times.

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Tech Impact Unveils New ITWorks Training Center on Wilmington Riverfront | New https://granlogiacostarica.org/tech-impact-unveils-new-itworks-training-center-on-wilmington-riverfront-new/ https://granlogiacostarica.org/tech-impact-unveils-new-itworks-training-center-on-wilmington-riverfront-new/#respond Fri, 01 Oct 2021 17:38:00 +0000 https://granlogiacostarica.org/tech-impact-unveils-new-itworks-training-center-on-wilmington-riverfront-new/

PHILADELPHIA CREAM, October 1, 2021 / PRNewswire / – Technological impact, a 501 (c) (3) that empowers communities and nonprofits to use technology to better serve our world, today unveiled its new workforce training center, located in the Old B&O Station, a historic building in downtown Wilmington, Delaware. The association purchased the 3,400 square foot property with the support of a $ 1.25 million grant from Barclays US Consumer Bank. Located along the Riverfront, the new Barclays-Supported Tech Impact Opportunity Center will serve as a permanent training center for Tech Impact’s ITWorks program and serve as an administrative office for training staff.

“We are delighted to announce a new permanent home for ITWorks, a program that has helped over 700 people start their IT careers here in Wilmington and beyond for over a decade, ”said Patrick callihan, executive director of Tech Impact. “The Tech Impact Opportunity Center is an ideal location for the new hub with the train station, bus lines and the Riverfront all within walking distance. This provides our staff and students with convenient parking, restaurants and outdoor experiences. air. We appreciate the support of our long-time partner, Barclays, to make this a reality. “

A historic property

Tech Impact spent several months looking for a new location before choosing the B&O Station building. Originally designed by a renowned architect and leader of the Civil War Frank Furness in 1887, the property was vacant for much of the 20th century until ING Direct (Capital One) renovated it in 2004 to make it an executive conference center.

With support from the Barclays grant, Tech Impact invested in an interior refresh, outfitting the building with new carpet, new paint and signage, as well as new student desks and tables made by local interns from the Challenge program.

Technological impact in Delaware

Based at Philadelphia cream, Tech Impact serves over 300 organizations across the United States with managed IT support. Since 2012, its ITWorks workforce training program has been present in Wilmington at various temporary training sites. Tech Impact also offers training and services in two establishments in the south Nevada and in Philadelphia cream.

“We are proud to support ITWorks with the new ‘Tech Impact Opportunity Center’ in Wilmington,” noted Mona jantzi, Managing Director, Barclays US Consumer Bank and Member of the Tech Impact Board. “Since 2014, we have been working hand in hand with Tech Impact to support its workforce development programs in Delaware and Nevada and we are committed to continuing to work with organizations like these to provide pathways to employment. “

Tech Impact is a key partner in helping to implement Barclays’ citizenship strategy, aimed at empowering people to develop the skills and confidence to work. By 2022, Barclays community programs will help place 250,000 people around the world in the workforce. “We are proud to work alongside Barclays to diversify the pipeline of technology talent into Delaware. Through our program, ITWorks, we are working together to connect a diverse population of young people to career opportunities in technology, ”added Callihan.

On Technological impact

Tech Impact is a nonprofit organization with a mission to empower communities and nonprofits to use technology to better serve the world. The organization is a leading provider of training and technology solutions for not-for-profit organizations, and operates award-winning IT and customer experience training programs as well as workforce brokerage services. work designed to help individuals launch their careers. Tech Impact offers a comprehensive suite of technology services including managed IT support, data and strategy services, telecommunications, cybersecurity, and cloud computing integration and support. In 2018, it expanded its education and outreach capabilities by merging with Idealware, an authoritative source of independent and carefully researched technology resources for the social sector. Tech Impact’s ITWorks and CXWorks training programs have provided hundreds of young adults with the knowledge, skills and confidence they need to begin their careers in the technology and customer experience industries. The organization also operates PunchCode, a full-stack software development school based in Las Vegas, NV. More information can be found at https://techimpact.org/.

About Barclays

Barclays US Consumer Bank is a leading credit card issuer and co-branded financial services partner in the United States that creates highly personalized programs to retain and retain customers at some of the travel, entertainment, retail and retail institutions in the United States. best performing retail and affinity in the country. The bank offers co-branded credit cards, small business credit cards, installment loans, POS finance, online savings accounts, and CDs. For more information, please visit www.BarclaysUS.com.

Barclays is a British universal bank. We are diversified by activity, by different types of clients and clients, and by geography. Our businesses include global consumer banking and payments, as well as a leading, full-service global merchant and investment bank, all of which are backed by our services company that provides the technology. , operations and functional services across the Group. For more information on Barclays, please visit www.Barclays.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/tech-impact-unveils-new-itworks-training-hub-on-wilmington-riverfront-301389966.html

SOURCE Barclays

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LexinFintech Holdings Ltd. – Consensus indicates upside potential of 115.8% https://granlogiacostarica.org/lexinfintech-holdings-ltd-consensus-indicates-upside-potential-of-115-8/ https://granlogiacostarica.org/lexinfintech-holdings-ltd-consensus-indicates-upside-potential-of-115-8/#respond Thu, 30 Sep 2021 12:19:03 +0000 https://granlogiacostarica.org/lexinfintech-holdings-ltd-consensus-indicates-upside-potential-of-115-8/

LexinFintech Holdings Ltd. with the ticker code (LX) now have 13 analysts covering the stock with the consensus suggesting a rating of “Buy”. The target price ranges between 17.98 and 7.19 with an average TP of 12.45. Now, with the previous closing price of 5.77, that would imply a potential rise of 115.8%. The 50-day moving average is 6.65 and the 200-day MA is 9.19. The market capitalization of the company is $ 1,046 million. More information on: http://www.lexin.com

LexinFintech Holdings Ltd., through its subsidiaries, operates as an online consumer and consumer credit platform for young professionals in the People’s Republic of China. The company operates Fenqile.com, a consumer and consumer credit platform that offers installment purchase loans, personal installment loans and other loan products, as well as direct sales in line with installment payment terms; and Le Card, a membership platform, which offers savings, benefits and membership privileges to the food and beverage, apparel, hospitality and leisure industries. It also links user loans with diverse funding sources, including individual investors on its online investment platform Juzi Licai, third party commercial banks, consumer credit companies, institutional funding partners, investors. of its asset-backed securities and other licensed financial institutions. In addition, the company offers technical assistance and consulting services; Software development services; and financial technology services. The company was previously known as Staging Finance Holding Ltd. and changed its name to LexinFintech Holdings Ltd. in March 2017. LexinFintech Holdings Ltd. was incorporated in 2013 and is headquartered in Shenzhen, People’s Republic of China.

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