Borrowers May Get Some Relief From Coronavirus Crisis

Some relief may be on the way for business owners and individuals trying to find a way to repay their loans during the novel coronavirus crisis. The Federal Deposit Insurance Corp, which insures bank deposits, this week urged banks to “show understanding” and work with customers affected by COVID-19, whether …

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New Mexico Bank & Trust provides relief and support

Committed to protecting the health and well-being of employees, the customers and communities we call home ALBUQUERQUE, NM, March 30, 2020 (GLOBE NEWSWIRE) – New Mexico Bank & Trust has announced relief and support for employees, consumers and businesses facing challenges due to the economic impact of COVID-19. “We recognize …

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Definition of advance rate

What is an advance rate? A cash advance rate is the percentage of the value of the collateral one lender is ready to make a loan. The advance rate helps a borrower determine what type of collateral to bring to the table to secure the desired loan amount and helps …

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Try These Creative Strategies To Lower Your Debt Ratio

If you’re struggling to qualify for a personal loan, your debt-to-income ratio (DTI) could be to blame. Your DTI, often expressed as a percentage, compares your debt payments with your gross income each month. Loan companies carefully review your DTI before approving your application. If the ratio is high, lenders …

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How opening a CD can affect your credit

You take your money and your credit rating seriously. You probably know a thing or two about credit and how it works. You might think that saving your finances – like your savings account, certificate of deposit (CD), and other assets – isn’t affecting your credit. For the most part, …

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Beginner’s Guide ⋆ News from Costa Rica

The air smells of salt and your heart is glad to eat more fresh fish. If you’re obsessed with buying a beachfront property in Myrtle Beach, SC, there’s a good reason for it. Myrtle Beach (South Carolina) is one of the premier golf resorts in North America. However, it is …

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Beekeeping in Costa Rica: how UNDP protects bees

TACOMA, Washington – Costa Rica has one of the lowest poverty rates in Latin America. This is mainly the result of a proactive cooperation with wealthy nations willing to buy Costa Rican exports. Thanks to wise political decisions and social investments, the Central American country was also able to avoid …

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Tourism in a post-pandemic world

Tourist arrivals in Thailand – a top tourist destination – have dropped dramatically. In addition to providing moderate funding to tour operators, the country promotes domestic tourism and long-term stays. (photo: Preto Perola by Getty Images) Tourism in a post-pandemic world By Aleksandra Babii and Sanaa Nadeem February 26, 2021 …

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Chinese loans to Latin America are drying up

After years of lending billions of dollars to the region, China stopped lending to Latin America in 2020. It was the first time since 2006 that China had not granted any new loans to any country in the region, underscoring the concern of foreign banks over the current state of …

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