Consolidation – One Payday http://onepayday.com/ Wed, 12 Jan 2022 00:40:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.2 https://onepayday.com/wp-content/uploads/2021/11/icon-2-150x150.png Consolidation – One Payday http://onepayday.com/ 32 32 Struggling With Debt? Four Ways a Debt Consolidation Loan Can Help You https://onepayday.com/struggling-with-debt-four-ways-a-debt-consolidation-loan-can-help-you/ Tue, 11 Jan 2022 15:49:37 +0000 https://onepayday.com/struggling-with-debt-four-ways-a-debt-consolidation-loan-can-help-you/ Views of the publication: 110 Personal debt in the UK has risen by £ 63.7 billion since September 2020, with the average household owing nearly £ 63,000 according to Charity of money. While most people think they can balance their finances, many feel overwhelmed, Citizens Advice currently deals with nearly 2,000 debt issues every day. […]]]>

Views of the publication: 110

Personal debt in the UK has risen by £ 63.7 billion since September 2020, with the average household owing nearly £ 63,000 according to Charity of money. While most people think they can balance their finances, many feel overwhelmed, Citizens Advice currently deals with nearly 2,000 debt issues every day. So it’s no surprise that many are looking for a way to take control of their finances. This is where a debt consolidation loan could be the solution.

A debt consolidation loan involves taking out a larger loan to pay off all of your other debt, leaving you with one more manageable repayment each month. It is often used to simplify finances and get borrowers on the right track if they are struggling to get their debt under control. Here are four ways they can help.

1. Speed ​​up your way to free yourself from your debts

It can be easy to get into the habit of paying only the minimum monthly payment on credit cards, usually just five percent of the outstanding balance. This means that it will usually take decades to clear the balance, while still being charged a hefty amount of interest along the way. You’ll also always have access to whatever credit limit you have left, leaving you at risk of continuing to spend on the card and never actually reducing what you owe.

Likewise, a lot of people go so far with their overdraft that sometimes, even after getting paid, they don’t make it. In this situation, it can be difficult to justify asking your bank to lower your overdraft limit if that leaves you in trouble for the rest of the month. Also, if you accidentally go over your authorized overdraft limit, most banks charge a penalty and a higher interest rate, making it a costly situation.

Consolidating your debt into one loan means you’ll have a fixed end date in sight, so you’ll know exactly when you’re debt free. Provided you can follow the repayment schedule, knowing when your debts will be paid off can be a huge relief from financial stress.

The interest rate charged is usually much lower than that of a credit card, and spreading repayments over time can mean those payments are lower and more manageable. However, there are usually fees associated with these types of loans and different providers charge different rates, so it pays to shop around.

To get an idea of ​​how much you might need to borrow and for how long, the experts at Loan.co.uk have a very useful debt consolidation calculator.

2. Only process one refund

If you manage multiple lines of credit, one of the things you will need to manage is multiple amounts and repayment periods. While this is often facilitated by setting up a direct debit for the amount you need to pay, you still need to make sure you have enough funds in your bank account to cover each transaction.

This is where many run into problems: either they do not have enough money to meet all the direct debits they have set up, or they have so many repayments to make at different times that they it’s easy to forget what you owe where. The problem with missed or late payments is that they usually come with a fee, on top of the interest you would usually pay, which further increases debt. Add to that the damage this causes to your credit score, and it’s not hard to see why multiple repayments can quickly become a serious problem.

A debt consolidation loan benefits from only one repayment, for a fixed amount, at the same time each month until it is repaid. It is common for people to set up a direct debit so that this payment is taken automatically from their bank account shortly after payday. This means that they can be confident that they can repay the right amount, at the right time, month after month.

Another benefit of having only one refund is that it makes day-to-day life more manageable. Without having to keep track of so much, it should be a lot easier to see how much disposable income you have each month and a lot less stressful on you and your finances in general.

3. Potentially get lower interest rates

Most debt consolidation loans will fall under the umbrella of “homeowners” or “secured” loans, which means that your home will be used as collateral against the amount you borrow. Because of this security, there is less risk for the lender, who will therefore be more likely to offer you better interest rates.

This can be especially useful if your debt is spread across multiple lines of credit. In particular, payday loans, overdrafts and some credit cards carry some of the highest interest rates. If you have just enough money to pay off the bare minimum on this type of credit, and the interest rates are high, it could take you decades before you can pay them off completely.

By getting a debt consolidation loan with a lower interest rate, you will find that more of the repayment amount will go towards debt reduction, rather than interest.

Keep in mind that you usually take out a debt consolidation loan for a longer period of time than an unsecured loan. Although the interest rates may be lower, you may be able to pay off more interest overall. However, it is often worth it if it makes everyday life much easier.

4. Improve your credit score over time

If you’re struggling to manage your debt and you’re likely to be late, or worse, miss your payments altogether, it could really hurt your business. credit rating. Any missed or late payments will be recorded on your credit report for six years, which means that even if you’ve been paying off your debt for a long time, you could still suffer the effects for years to come.

Also, if you repeatedly fail to keep up with your repayments, you may find that your lenders are taking extra steps to get their money back. This could include legal action, which could end up with you with a CCJ (County Court Judgment) or IVA (Individual Voluntary Arrangement).

These will also stay on your credit report for six years, but can make it nearly impossible to approve new lines of credit. While it might be best not to borrow more money while you are paying off your debt, it could also affect much more ordinary, everyday things like renting out a property and getting a mortgage. mobile phone contract.

Paying off your creditors and closing your accounts with them using a debt consolidation loan is a great first step in improving your credit score. Then, provided you can keep track of your repayments on your debt consolidation loan, you will demonstrate to lenders that you are a responsible borrower who can manage credit well, which can go a long way in improving your credit score.

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BNPL Industry Consolidation: What Does It Mean? https://onepayday.com/bnpl-industry-consolidation-what-does-it-mean/ Tue, 11 Jan 2022 01:01:42 +0000 https://onepayday.com/bnpl-industry-consolidation-what-does-it-mean/ Buy Now, Pay Later (BNPL) services have grown significantly, especially since the onset of COVID-19, which has accelerated digitization, merchant adoption and consumer demand. Collaboration can be mutually beneficial for banks, financial institutions and fintechs As customers opt for new online payment methods, more and more online and in-store merchants are joining BNPL platforms. Additionally, […]]]>

Buy Now, Pay Later (BNPL) services have grown significantly, especially since the onset of COVID-19, which has accelerated digitization, merchant adoption and consumer demand.

Collaboration can be mutually beneficial for banks, financial institutions and fintechs

As customers opt for new online payment methods, more and more online and in-store merchants are joining BNPL platforms. Additionally, BNPL’s financial sector is heating up as more young people turn to these services, with 36% of 21-25 year olds using BNPL in the United States, according to Forbes.

With the growth of the largely unregulated BNPL sector and the accumulation of untraceable debt, the regulator sits down and takes notice. Regulation is inevitable and will displace the entire BNPL space, leaving a void in the market for compliant providers. There is a window of opportunity to fill that void, and that’s where collaboration comes in.

According to data from McKinsey’s consumer loan pools, fintechs currently hold the majority of BNPL’s market share and have already captured around $ 8 billion to $ 10 billion in annual consumer finance revenue.

However, banks have actively moved into space. Since they are already in compliance with financial regulations, they just need a way to bring their competitive consumer finance programs to the point of sale (POS) – that is, when looking to collaborate. with fintechs.

Therefore, consolidation will be driven by banks and financial institutions seeking to leverage fintech technology solutions to become powerful BNPL players, and not just fintechs rushing to partner with banks to get started. compliance.

Growing benefits for both parties result in consolidations and cross-sector partnerships. Successful partnerships are not only those that enable regulatory compliance, but also those that rely on aligning values ​​and enhancing each party’s core strengths.

The arrival of acquisitions

Mergers and acquisitions (M&A) typically involve one entity realizing that another company is bringing value and potential. The result is often that one company swallows another. In my opinion, however, the real power of consolidation lies in recognizing and conserving the true nature of each business to contribute to mutual growth.

For example, the acquisition can be restrictive since the entire mission of the secondary entity often serves the primary purpose of the business rather than serving its own objectives of innovation and growth.

Real partnerships are formed

On the other hand, in the case of partnerships, the collaborating companies also benefit from the audience and reach of the other. Instead of inhibiting the growth of the other, a true partnership stimulates the growth and encourages cross-pollination of the one to the other. I have always found that true collaboration is based on mutually beneficial partnerships and shared values.

An example of such a partnership is Klarna and Stripe, two of the world’s largest private fintech companies, which have teamed up while maintaining their own independent identities. Stripe has entered into a strategic partnership with Klarna to offer the Swedish company’s BNPL payment method to its merchants without acquiring the company.

Without these kind of mutually beneficial partnerships between banks and fintechs in the BNPL space, banks will lose not only lending volume but also consumers by turning to fintech companies. By partnering with FinTech providers, not necessarily through acquisition, banks can win back and keep customers close and strengthen customer relationships, value and experience.

Global expansion for victory

Recently, Global Processing Services raised over $ 300 million to accelerate the global revolution in technology and fintech, showing the important role of the fintech industry in the world.

While some may argue that the top performing fintechs retain a niche in terms of markets and products, others favor expansion.

Global expansion into different markets, through consolidations and partnerships, fuels innovation and original thinking as companies face new challenges and must find solutions to the demands of different markets. It also means that companies can apply fundamental lessons from one market to another and expand their customer base by partnering with entities with a global presence.

As traditional financial barriers fall and the world simultaneously becomes more interconnected, new cross-border collaborations and partnerships between fintech companies and banks will be essential for the future of the financial services industry and the tech sector.

COVID-19 has also proven that it is not just large corporations and financial institutions that can adapt to a “digital first” approach. In fact, their timeframes for new product introductions need to speed up dramatically, which can be achieved through partnerships forged overnight. Expect to see a lot more happening – very quickly.

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Research Firm Provides Advice For Planned Security Platform Consolidation – Virtualization Review https://onepayday.com/research-firm-provides-advice-for-planned-security-platform-consolidation-virtualization-review/ Mon, 10 Jan 2022 19:18:38 +0000 https://onepayday.com/research-firm-provides-advice-for-planned-security-platform-consolidation-virtualization-review/ Research Firm Provides Advice For Planned Security Platform Consolidation Research firm Gartner predicts a consolidation of security platforms as enterprise security and risk management (SRM) teams face a confluence of factors that make their jobs difficult. “Security and risk managers continue to be challenged to do more with less – in the face of increased […]]]>

Research Firm Provides Advice For Planned Security Platform Consolidation

Research firm Gartner predicts a consolidation of security platforms as enterprise security and risk management (SRM) teams face a confluence of factors that make their jobs difficult.

“Security and risk managers continue to be challenged to do more with less – in the face of increased demand for services, rapidly evolving threat landscapes and insufficient technical talent,” Gartner said in the last month’s report titled “”Predicted 2022: Consolidated Security Platforms Are The Future“This research predicts that platform consolidation will help SRM’s executive organizations thrive in hostile environments. ”

In precise figures, the company’s report is based on these strategic planning assumptions:

  • By 2025, 80% of organizations will have adopted a strategy to unify access to the web, cloud services and private applications from a single vendor’s Security Service Edge (SSE) platform.
  • By 2025, 30% of enterprises will have adopted a Data Security Platform (DSP), due to pent-up demand for higher levels of data security and rapidly increasing product capabilities.
  • By 2025, 70% of organizations will pool the number of vendors securing the lifecycle of cloud native applications to a maximum of three vendors.
  • By 2027, 50% of mid-market security buyers will leverage Extended Discovery and Response (XDR) to consolidate workplace security technologies, such as endpoints, cloud, and identity.

In fact, according to Gartner, the movement is already well underway, with a 2020 poll of 83% of organizations pursuing a vendor consolidation strategy indicating that efforts have been underway for at least a year.

A year of change
[Click on image for larger view.] A year of change (source: Gartner).

The company sees SRM vendors taking two different approaches to consolidation, a platform approach in which different systems and features are integrated, and a portfolio approach in which packaged products are delivered, requiring little integration with other computer systems.

  • Platform approach

    • Take advantage of interdependencies and commonalities between adjacent systems
    • Integration of consoles for common functions
    • Support the organization’s business goals at least as effectively as the best
    • Integration and operational simplicity also help meet security goals.
  • Portfolio approach

    • Leverage set of products not integrated or slightly integrated into a purchasing package
    • Several consoles with little or no integration and synergy
    • Legacy approach in a provider wrapper
    • Will not fulfill any of the promised benefits of consolidation

“The differentiation between these approaches is the key to the effectiveness of the suite, and vendor marketing will always say they are a platform,” the report says. “When you are evaluating the products, you should consider how well the consoles are integrated for the management and monitoring of the consolidated platform. Additionally, assess how security elements (such as data definitions, malware engines) and more can be reused without being redefined, or can be applied across multiple domains transparently. Multiple consoles and multiple definitions warn that this is a portfolio approach that needs to be carefully evaluated. ”

Merging Data Security Capabilities Into Data Security Platforms
[Click on image for larger view.] Merging Data Security Capabilities Into Data Security Platforms (source: Gartner).

The platform / portfolio bifurcation constitutes one of the main lessons of the report, the other three are:

  • Driven by the need to reduce complexity, exploit commonalities and minimize management overheads, the convergence of security technologies is accelerating in several disciplines.
  • Organizations are working or plan to work on vendor consolidation strategies; it is a long term project for most of them, as it is often a big architectural change.
  • Technological consolidation is not limited to one technological area or even to a set of closely related technologies; these consolidations occur in parallel in many security domains.

“Security technologies and mindsets have continually oscillated between best solutions and platform solutions (although the latter have too often been a marketing construct, more than an actual approach),” said Gartner. “This oscillation is driven by purchasing centers, supplier preferences and technical requirements. It has left organizations and security and risk management (SRM) leaders with massive technical debt and often fragmented and complicated infrastructure that does not help an organization’s mission to enable its digital. Such infrastructures are difficult to manage, limit visibility into the real state of security, and have created gaps between silos or inconsistent policies.

Report recommendations for businesses include:

  • Evaluate the security platforms where they share data and control plans; leverage this consolidation to define common policies and reduce the gaps and vulnerabilities between existing silos.
  • Assess your security needs for outbound communications and determine where cloud-managed solutions match your risk and business profiles.
  • Inventory data security controls to implement a multi-year phase-out of siled data security tools that hold you back when you need to leverage your data for the benefit of a modern data security platform.
  • Implement an integrated, converged security approach that spans the entire lifecycle of cloud native applications, from development to production. Evaluate the gathered workspace security packages by extensive detection and response as an effective way to reduce the complexity of security operations.

The report incorporated research (Gartner’s ‘2020 Security and IAM Solution Adoption Trend Survey’) that was conducted online in March and April 2020 with 405 respondents from North America, Western Europe and the Asia / Pacific (APAC).

About the Author

David Ramel is editor and writer for Converge360.

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2022: For India, a year of consolidation https://onepayday.com/2022-for-india-a-year-of-consolidation/ Sun, 09 Jan 2022 15:14:23 +0000 https://onepayday.com/2022-for-india-a-year-of-consolidation/ The Indian government has been financially prudent during the last two years of Covid-19, avoiding the expenses and the accumulation of debts of others. He preferred to attract the excess capital that circulates in the world by pushing major changes in green energy and the digital space, and by opening the door more to foreign […]]]>

The Indian government has been financially prudent during the last two years of Covid-19, avoiding the expenses and the accumulation of debts of others. He preferred to attract the excess capital that circulates in the world by pushing major changes in green energy and the digital space, and by opening the door more to foreign investors. He can claim some success. Investment flows have been large, foreign exchange reserves are overflowing and, in part as a result, the formal sector and start-up space appear healthy.

Assuming Omicron is a viral goodbye, this coming year will be one where rubber hits the road. The lapping is over. With inflation soaring globally, the world’s central banks will now end money printing. The largest source, the United States Federal Reserve (US), will do so by March. As this financial ebb continues throughout the year, many emerging economies will collapse. India will suffer, but Prime Minister (PM) Narendra Modi’s continued reforms during the pandemic should mean India will handle the tantrum better than most.

A recognition that Modi used his political capital to make tough economic choices that many world leaders have fled will be more evident as 2022 unfolds. Not that there won’t be bad news. India will be grappling with higher inflation and high oil prices even as it accumulates decent growth. His herd of unicorns will begin to thin out. But, after a quarter of waiting, investors, national and foreign, should start betting big on India again.

There are a few things that are likely to support this positive scenario.

The first is an expectation of geopolitical calm. India’s most dangerous strategic rival, China, awaits its year of consolidation. Xi Jinping wants to be confirmed for a third term next winter. He earned points for breaking down the tech and real estate oligopolies that have hampered China’s future growth. But, as Modi can attest, such actions are short-term economic brakes. Xi will seek to ease the Chinese economy until his re-election is confirmed later in the year. Border battles and the losing Belt and Road initiative are ill-suited.

Pakistan is essentially a danger to itself. He did exactly what an emerging economy shouldn’t have done in recent years. Prime Minister Imran Khan made no reforms and complicated business life. Its economy is an indicator of the high prices, low growth and debt problems that will affect many other developing countries. Pakistan’s great success in 2021, the resurrection of the Taliban regime, will be next door to hell: an exporter of refugees, heroin and terror.

The larger geopolitical landscape will be about turning language into action, especially in strategic technology. The two Quads, the Australian Submarine Triad, and the US-sponsored New Indo-Pacific Economic Framework have one feature in common: launching negotiations on future technology standards, investment, and development. Much of it has been described in documents, and the statements don’t mean much.

This year, it will be about filling in the details, figuring out how exactly the emerging camps of the United States and China can set up parallel networks for artificial intelligence, 5G, quantum computing and products. new generation pharmaceuticals. The result will be a year of silent buzz and minimal fireworks – except in parts of the world outside of these technological alliances. The nerds will dominate the bargaining tables, not the generals.

At home, the most important tasks Modi will face will be to avoid a setback in the Uttar Pradesh election and restore consumer confidence among the lower quintiles of the population.

The election, increasingly uncertain as it becomes a bipartisan contest, is necessary if he is to make any last-minute adjustments to the economy before the campaign begins for a third term. The electricity sector reforms stand out as they would provide external financing for India’s green transition. A much more difficult task will be to restart the urban informal sector, probably the one most ravaged by previous reforms and blockages. Again, the theme will be policy consolidation: less roller coasters and smoother navigation.

The icing on the cake of 2022 would be proof that the Modi government’s new trade policy exists. New Delhi hopes to complete its free trade agreements with the United Arab Emirates, Britain and Australia this year.

These will be new type of trade agreements – more focused on services, immigration and technology, less on agriculture and manufactured goods. The budget may need to signage with reduced rates.

These trade deals will be smaller and less ambitious, but will reflect what will likely be the new global standard for trade negotiations. If these merge successfully with the new manufacturing incentive programs, 2022 will be as much the start of India’s new growth story as the end of a pandemic.

Opinions expressed are personal

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What Is Debt Consolidation And Is It A Good Idea? https://onepayday.com/what-is-debt-consolidation-and-is-it-a-good-idea/ Fri, 07 Jan 2022 22:45:00 +0000 https://onepayday.com/what-is-debt-consolidation-and-is-it-a-good-idea/ CNN Underscored examines financial products like credit cards and bank accounts based on their aggregate value. We may receive a commission if you apply and are approved for a product, but our reports are always independent and objective. According to Experian 2021 Credit Report, US consumers with credit card debt have an average balance of […]]]>

CNN Underscored examines financial products like credit cards and bank accounts based on their aggregate value. We may receive a commission if you apply and are approved for a product, but our reports are always independent and objective.

According to Experian 2021 Credit Report, US consumers with credit card debt have an average balance of $ 5,525, while the average credit card interest rate is currently well above 16%.

For people in arrears, high debt and a high Annual Percentage Rate (APR) can combine in the worst possible way, often creating a cycle of high interest debt payments that consumers cannot escape. And, even for those who can Keeping up with monthly payments, too much credit card debt can prevent them from reaching other financial goals, like saving for the future.

Either way, debt consolidation offers a way out of credit card debt that is much less serious than bankruptcy. You just have to be prepared to create a plan and stick to it until you are debt free. If you want to get out of debt for good, read on to find out how debt consolidation can help.

If you’ve been trying to plan your way out of debt or make more money but nothing seems to be working, debt consolidation might be the answer you’re looking for. With debt consolidation, you will essentially be swapping out the loans and credit card balances you have for a new loan product with better rates and terms, thus reducing your monthly payments or making it easier to allocate more. from your money to reducing principal on debt, or both.

Essentially, with a debt consolidation, you take out a new loan and use the proceeds from that new loan to pay off all of your old debts, and then make monthly payments only on the new loan. Broadly speaking, there are three financial products that consumers use for debt consolidation:

  • Debt Consolidation Loans, also called personal loans, allow you to refinance your debts into a new loan with a fixed interest rate and fixed repayment term.
  • Balance Transfer Credit Cards allows you to consolidate your debt on a new credit card that offers 0% APR for a limited time.
  • Home equity loans can help you consolidate your debt into a new loan product backed by the value of your home.

Whichever product you decide to use, remember that debt consolidation only really works if you stop taking on more debt. If you consolidate debt with a personal loan or credit card with balance transfer and continue to charge more for purchases on other lines of credit, debt consolidation is probably a waste of time.

Debt consolidation may or may not be a good idea. It all depends on how seriously you take the process and whether you have the discipline to carry it out.

As an example, let’s say you currently have $ 5,525 in credit card debt at an APR of 19%. In this scenario, you could pay $ 100 per month for this debt for 133 months – or more than 11 years – before it is paid off. During this period, you would have paid more than $ 7,701 in interest.

But what if you consolidate that $ 5,525 of debt into one personal loan? Although personal loans vary, most allow you to borrow money for 2 to 7 years. Personal loans also come with fixed interest rates, fixed repayment terms, and fixed monthly payments.

In this example, you may qualify for a 60-month personal loan with an interest rate of 7%. In this case, you would pay off your balance with a monthly payment of $ 109 for five years (60 months). During that time, you would pay approximately $ 1,039 in interest payments. That’s a huge savings of over $ 6,000.

You can also consolidate your debt with a credit card. However, it’s important to note that while balance transfer credit cards offer an introductory 0% APR on transferred balances, the longest possible term currently offered is 21 months. After that, your interest rate will revert to the normal APR, which will always be high.

For this reason, a credit card balance transfer is only a good idea when you have an amount of debt that you can pay off during the card introduction period. If you need more time to get your debt under control than a balance transfer allows, you should consider a personal loan instead.

Finally, you can also consolidate your debt with a home equity loan that uses your home as collateral. In many cases, this can be a good idea, as home equity loans can come with low fixed rates, as well as a fixed monthly payment and a fixed repayment term. Remember, you need good credit to get a home equity loan, and you can lose your home if you default on your payment.

But, in any of these cases, if after consolidating your debt, you overspend and accumulate an additional $ 5,000 in debt on the same original credit card that you used before that you can’t afford to pay that $ 100 in monthly payments on this debt, you will end up paying $ 4,985 in additional interest. Add that interest to the extra $ 5,000 of debt and your situation will be worse than you started with. This is why it is so important to stay disciplined and not keep spending more than you have when pursuing debt consolidation.

There are other debt consolidation options you can consider, some of which offer help from third party companies. For example, you might consider signing up for a Debt Management Plan (DMP), which takes place when a credit repair agency helps you negotiate interest rates and pay off your debts over a period of time. determined.

Just note that DMPs are not for everyone, and there is nothing credit repair agencies that offer DMPs can do that you cannot do on your own. Additionally, a number of credit repair agencies have gotten a bad reputation, so be sure to do plenty of research before you embark on this route.

Another alternative is debt settlement, which is a process that helps you pay off your debts for less than you owe. However, it is essential to know that debt settlement companies ask you to stop paying your debts while they are working on your behalf. Not surprisingly, this can cause considerable damage to your credit score that can last for years.

Debt management becomes considerably easier when you have a reasonable interest rate and a monthly payment that matches your income. A big part of what debt consolidation does – it helps you transfer high-interest debt to a new financial product on better terms.

Another benefit of debt consolidation is that you can reduce the monthly payments you make. If you’re currently trying to cope with five or six credit card bills, consolidating debt with a personal loan company or peer-to-peer lender can help you make the jump to just one payment per month. .

With that in mind, several factors can determine if debt consolidation is right for you. These include:

  • Your solvency: You will need good credit or better to qualify for a personal loan at the best rates and conditions. If your credit is poor, you may not be eligible for a new loan with better rates than you currently have.
  • Your desire to repay debt: Debt management takes time and effort, and full debt repayment can take years. If you are not serious about debt consolidation, a debt consolidation loan may not leave you in the best position.
  • Your ability to avoid new debt: For your debt consolidation to be successful, you must stop accumulating more debt. While you are paying off your debt consolidation loan, you should only use cash or debit. At the very least, you should use credit sparingly.

So, should you consolidate your debts? If you pay credit cards with high APRs, debt consolidation may be just what you need. Remember, you will only pay off your debt if you make a plan, and most importantly, if you stick to it. If you take out a personal loan and continue to take on credit card debt, you could end up worse off in the long run.

Get all the latest personal finance offers, news and tips at CNN Underscored Money.

]]> Romania’s gross borrowing requirement increases this year, despite fiscal consolidation https://onepayday.com/romanias-gross-borrowing-requirement-increases-this-year-despite-fiscal-consolidation/ Fri, 07 Jan 2022 06:26:51 +0000 https://onepayday.com/romanias-gross-borrowing-requirement-increases-this-year-despite-fiscal-consolidation/ In 2022, the gross financing need of the Romanian government, respectively the total volume of funds to be raised by the Ministry of Finance from the internal and external markets, is around 145.4 billion RON (29 billion euros, 11 % of GDP), about RON 10 billion (€ 2 billion) more than last year, according to […]]]>

In 2022, the gross financing need of the Romanian government, respectively the total volume of funds to be raised by the Ministry of Finance from the internal and external markets, is around 145.4 billion RON (29 billion euros, 11 % of GDP), about RON 10 billion (€ 2 billion) more than last year, according to the ministry’s “Indicative program for the issuance of government bonds for 2022”.

And this despite the public cash deficit forecast at 5.84% of GDP this year, against 7.1% of GDP in 2021.

To secure the necessary resources, the ministry plans to borrow around 14 billion euros on international markets, in particular by issuing Eurobonds for a volume of around 10 billion euros, depending on developments, conditions and opportunities offered by these markets, according to Cursdeguvernare.ro. The government also expects a disbursement of around 3.7 billion euros by the EC under the Recovery and Resilience Facility.

The increase (by 7.7% compared to 2021) in financing needs comes against a background of rising interest rates, as Romania borrows at costs well above the regional average.

This is the highest rate since March 2020 (when it reached 4.89%) – a record the year the pandemic broke after falling to just 2.65% in February 2021.

In the first 11 months of 2021, interest on the public debt rose 18.8% year-on-year to RON 16.6 billion.

As part of the budget and budget strategy for the period 2021-2024, it appears that interest will increase by 26.2% year-on-year to reach RON 18.3 billion (€ 3.6 billion) lei 2022 .

According to the latest Eurostat data, Romania’s long-term interest rate rose again in November 2021 to reach 5.11%.

andrei@romania-insider.com

(Photo source: Dreamstime.com)

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Debt Consolidation Market to Experience Robust Expansion by 2028 – Major Key Players https://onepayday.com/debt-consolidation-market-to-experience-robust-expansion-by-2028-major-key-players/ Fri, 07 Jan 2022 04:41:51 +0000 https://onepayday.com/debt-consolidation-market-to-experience-robust-expansion-by-2028-major-key-players/ New Jersey, United States, – The Global Debt Consolidation Market report is one of the most comprehensive and significant additions to the market research archive of Market Research Intellect. Provides detailed research and analysis of the major aspects of the global Debt Consolidation market. The market analysts who produced the report have provided detailed information […]]]>

New Jersey, United States, – The Global Debt Consolidation Market report is one of the most comprehensive and significant additions to the market research archive of Market Research Intellect. Provides detailed research and analysis of the major aspects of the global Debt Consolidation market. The market analysts who produced the report have provided detailed information on key growth drivers, restraints, challenges, trends, and opportunities to provide a comprehensive analysis of the global debt consolidation market. Market players can use the analysis of market dynamics to plan effective growth strategies and prepare for future challenges in advance.

Each trend in the Global Debt Consolidation Market is carefully analyzed and researched by market analysts. Market analysts and researchers have performed an in-depth analysis of the global debt consolidation market using research methodologies such as Pestle and Porter’s Five Forces Analysis.

They have provided accurate and reliable market data and helpful recommendations with the aim of helping players gain insight into the overall current and future market scenario. The Debt Consolidation report includes in-depth research on potential segments including product types, applications, and end-users as well as their contribution to the overall market size.

Get | Download a sample copy with table of contents, graphics and list of [email protected] https://www.marketresearchintellect.com/download-sample/?rid=333893

The main players covered by the debt consolidation markets:

  • Marcus by Goldman Sachs (US)
  • OneMain Financial (United States)
  • Find out about personal loans (United States)
  • Loan Club (United States)
  • Payment (United States)

Market segmentation of automated drug delivery systems:

The Automated Drug Delivery Systems market report has categorized the market into segments comprising by product type and application. Each segment is evaluated based on share and growth rate. Meanwhile, analysts looked at potential areas that could prove rewarding for builders in the years to come. The regional analysis includes reliable forecast on value and volume, thereby helping market players to acquire in-depth insights into the entire industry.

Debt Consolidation Market Breakdown By Type:

  • Credit card debt
  • Overdrafts or loans

Debt Consolidation Market Breakdown by Application:

Based on geography: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina and Colombia, etc.), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa).

Get | Discount on purchasing this report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=333893

Scope of Debt Consolidation Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of reports (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of custom shopping options to meet your exact research needs. Explore purchasing options

Key questions answered in the report:

  • What is the growth potential of the debt consolidation markets?
  • Which product segment will take the lion’s share?
  • Which regional market will emerge as a precursor in the years to come?
  • Which application segment will grow at a sustained rate?
  • What are the growth opportunities that could emerge in the lock washer industry in the years to come?
  • What are the main challenges that the global debt consolidation markets could face in the future?
  • Who are the leading companies in the global debt consolidation market?
  • What are the main trends that are positively impacting the growth of the market?
  • What are the growth strategies considered by the players to maintain their grip on the global debt consolidation market?

For more information or a query or a personalization before purchasing, visit @ https://www.marketresearchintellect.com/product/global-debt-consolidation-market-size-and-forecast/

The study thoroughly explores the profiles of the major market players and their main financial aspects. This comprehensive business analyst report is useful for all existing and new entrants when designing their business strategies. This report covers the production, revenue, market share and growth rate of the Debt Consolidation market for each key company, and covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. Historical debt consolidation breakdown data from 2016 to 2020 and forecast to 2021-2029.

About Us: Market Research Intelligence

Market Research Intellect provides syndicated and personalized research reports to clients from various industries and organizations in addition to the goal of providing personalized and in-depth research studies. range of industries, including energy, technology, manufacturing and construction, chemicals and materials, food and beverage. Etc. Our research studies help our clients make more data-driven decisions, admit push predictions, grossly capitalize on opportunities, and maximize efficiency by acting as their criminal belt to adopt accurate mention and essential without compromise. clients, we have provided expertly-behaved affirmation research facilities to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:
Mr. Edwyne Fernandes
United States: +1 (650) -781-48080
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768

Website: –https://www.marketresearchintellect.com/

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2022 Consumer and Business Debt Consolidation Market Analysis by Latest Trends, Future Growth and Key Players https://onepayday.com/2022-consumer-and-business-debt-consolidation-market-analysis-by-latest-trends-future-growth-and-key-players/ Fri, 07 Jan 2022 03:18:21 +0000 https://onepayday.com/2022-consumer-and-business-debt-consolidation-market-analysis-by-latest-trends-future-growth-and-key-players/ New Jersey, United States, – The Global Consumer and Business Debt Consolidation Market report is one of the most comprehensive and significant additions to the market research archive of Market Research Intellect. Provides detailed research and analysis of the major aspects of the global Consumer and Business Debt Consolidation market. The market analysts who produced […]]]>

New Jersey, United States, – The Global Consumer and Business Debt Consolidation Market report is one of the most comprehensive and significant additions to the market research archive of Market Research Intellect. Provides detailed research and analysis of the major aspects of the global Consumer and Business Debt Consolidation market. The market analysts who produced the report have provided detailed information on key growth drivers, restraints, challenges, trends, and opportunities to provide a comprehensive analysis of the global Consumer and Business Debt Consolidation Market. Market players can use the analysis of market dynamics to plan effective growth strategies and prepare for future challenges in advance.

Each trend in the global Consumer and Business Debt Consolidation Market is carefully analyzed and researched by market analysts. Market analysts and researchers have performed an in-depth analysis of the global consumer and corporate debt consolidation market using research methodologies such as Pestle and Porter’s Five Forces Analysis.

They have provided accurate and reliable market data and helpful recommendations with the aim of helping players gain insight into the overall current and future market scenario. The Consumer and Business Debt Consolidation report includes in-depth research on potential segments including product types, applications, and end-users, along with their contribution to the overall market size.

Get | Download a sample copy with table of contents, graphics and list of [email protected] https://www.marketresearchintellect.com/download-sample/?rid=333933

Major Players Covered in Consumer and Business Debt Consolidation Markets:

  • Find out about personal loans (United States)
  • Loan Club (United States)
  • Payment (United States)
  • SoFi (United States)
  • FreedomPlus (United States)

Market segmentation of automated drug delivery systems:

The Automated Drug Delivery Systems market report has categorized the market into segments comprising product type and application. Each segment is evaluated based on share and growth rate. Meanwhile, analysts looked at potential areas that could prove rewarding for builders in the years to come. The regional analysis includes reliable forecast on value and volume, thereby helping market players to gain in-depth insights into the entire industry.

Consumer and Business Debt Consolidation Market Breakdown by Type:

  • Credit card debt
  • Overdrafts or loans

Consumer and Business Debt Consolidation Market Split By Application:

Based on geography: North America (United States, Canada and Mexico), Europe (Germany, France, United Kingdom, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina and Colombia, etc.), Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa).

Get | Discount on purchasing this report @ https://www.marketresearchintellect.com/ask-for-discount/?rid=333933

Scope of Consumer and Business Debt Consolidation Market Report

Report attribute Details
Market size available for years 2021 – 2028
Reference year considered 2021
Historical data 2015 – 2019
Forecast period 2021 – 2028
Quantitative units Revenue in millions of USD and CAGR from 2021 to 2027
Covered segments Types, applications, end users, etc.
Cover of the report Revenue forecast, company ranking, competitive landscape, growth factors and trends
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Scope of customization Free customization of reports (equivalent to 8 working days for analysts) with purchase. Add or change the scope of country, region and segment.
Price and purchase options Take advantage of custom shopping options to meet your exact research needs. Explore purchasing options

Key questions answered in the report:

  • What is the growth potential of the personal and corporate debt consolidation markets?
  • Which product segment will take the lion’s share?
  • Which regional market will emerge as a precursor in the years to come?
  • Which application segment will grow at a sustained rate?
  • What are the growth opportunities that could emerge in the lock washer industry in the years to come?
  • What are the main challenges that the global consumer and corporate debt consolidation markets may face in the future?
  • Who are the leading companies in the global consumer and corporate debt consolidation market?
  • What are the main trends that are positively impacting the growth of the market?
  • What are the growth strategies envisioned by the players to maintain their grip on the global personal and corporate debt consolidation market?

For more information or a query or a personalization before purchasing, visit @ https://www.marketresearchintellect.com/product/global-consumer-and-corporate-debt-consolidation-market-size-and-forecast/

The study thoroughly explores the profiles of the major market players and their main financial aspects. This comprehensive business analyst report is useful for all existing and new entrants when designing their business strategies. This report covers the production, revenue, market share, and growth rate of the Consumer and Corporate Debt Consolidation Market for each key company, and covers the breakdown data (production, consumption, revenue, and market share. ) by regions, type and applications. Historical breakdown data of consumer and business debt consolidation from 2016 to 2020 and forecast to 2021-2029.

About Us: Market Research Intelligence

Market Research Intellect provides syndicated and personalized research reports to clients from various industries and organizations in addition to the goal of providing personalized and in-depth research studies. range of industries, including energy, technology, manufacturing and construction, chemicals and materials, food and beverage. Etc. Our research studies help our clients make more data-driven decisions, admit push predictions, grossly capitalize on opportunities, and maximize efficiency by acting as their criminal belt to adopt accurate mention and essential without compromise. clients, we have provided expertly-behaved affirmation research facilities to over 100 Global Fortune 500 companies such as Amazon, Dell, IBM, Shell, Exxon Mobil, General Electric, Siemens, Microsoft, Sony and Hitachi.

Contact us:
Mr. Edwyne Fernandes
United States: +1 (650) -781-480
UK: +44 (753) -715-0008
APAC: +61 (488) -85-9400
US Toll Free: +1 (800) -782-1768

Website: –https://www.marketresearchintellect.com/

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clever: explained in 5 charts: will 2022 be a year of consolidation for the Indian stock markets? https://onepayday.com/clever-explained-in-5-charts-will-2022-be-a-year-of-consolidation-for-the-indian-stock-markets/ Thu, 06 Jan 2022 01:43:27 +0000 https://onepayday.com/clever-explained-in-5-charts-will-2022-be-a-year-of-consolidation-for-the-indian-stock-markets/ (This story originally appeared in January 05, 2022) NEW DELHI: Indian stocks emerged as the best performing market not only among its regional peers in Asia in 2021, but they also beat the developed market, although the market has seen some correction in the past month. 2021 has been a dream run with stock prices […]]]>
(This story originally appeared in January 05, 2022)

NEW DELHI: Indian stocks emerged as the best performing market not only among its regional peers in Asia in 2021, but they also beat the developed market, although the market has seen some correction in the past month.

2021 has been a dream run with stock prices hitting record highs and initial public offerings witnessing the highest payoff on record. However, the year 2022 could be a year of contrasting narratives – one with caution and one with continued optimism, brokerage firm HSBC said in a research report.

The 2021 rally

The market rally was largely led by abundant liquidity, favorable monetary policy, a better than expected pace of post-pandemic macroeconomic recovery and a strong vaccination campaign. But investors are now worried about whether recent market weakness, with Nifty down 7% since Oct. 18, is any indication that the market may be entering a bearish phase, said Amit Sachdeva, equity analyst at HSBC Securities.

Even the market width – which reached almost 100% in October – is now at 62%, the lowest in a year, highlighting broader consolidation in the recent market crash. “It also suggests to us that the market is no longer overheated and offers selective opportunities,” noted Sachdeva.

The strong recovery of 2021 was led by utilities, industrials, materials and real estate; while FMCGs, healthcare, automotive and the financial sector were the main laggards.

Who was the main rally driver?

Foreign Institutional Investors (FIIs) have clearly been a major driver of the post-pandemic stock market recovery, injecting more than $ 37 billion between April 2020 and March 2021.

However, the IFIs have since become cautious. India has recorded net outflows of $ 600 million since April 2021 due to a high market valuation, a forecast of rising US bond yields and an increase in primary market inflows. More importantly, mainland China is back on the FII’s radar, according to the HSBC report.

And what are the biggest concerns for 2022?

The rotation of flows to other markets in Asia is the biggest concern

But 2022 will see the opposite: According to analysts at HSBC, while 2021 saw money flowing from China to India, 2022 could see FII flows returning from India to China.

American sharpening: The United States has already started to shrink and is expected to double the pace of the reduction after December. HSBC expects a 25bp rate hike in June 2022, September 2022, March 2023 and September 2023, adding further uncertainty to FII flows to equities in emerging markets like India.

The last time, when the US QE tapering was announced in 2013, the Indian equity market lost 15% over a 3-month period, with a more marked drop in midcaps.

However, this time around such a sell-off is unlikely given that India’s foreign exchange reserves have grown 2.2 times since 2013 while the current account is in much better shape than in 2013. Even the India’s annual FDI rate has more than doubled since 2013.



Rising crude oil prices

While crude has corrected from its peak, prices are expected to remain elevated and this remains a key factor influencing volatility in the Indian market due to the country’s heavy reliance on crude oil (oil imports represent 28% of the total import bill).

Other big concerns include a costly assessment and headwinds in the form of anxieties over economic growth, and uncertainty over the spread of the new variant of Covid-19.

On the positive side, many macroeconomic indicators paint a positive picture of the economic recovery in 2022, including prospects for a new investment cycle, continued investment momentum in new generation companies, successful listings and earnings growth prospects for fiscal years 22 and 23..

A plethora of IPOs are coming: Deals worth $ 16 billion have already been announced in 2021, and several new-age companies are already ready for IPOs within the next two years.

“The market’s enthusiasm for new IPOs even increases the implicit pricing of the duration of other profitable listed companies. We believe IPO activity is likely to remain high in 2022 as well and will continue to add to the “risk in” momentum of the market despite successes and failures, ”Sachdeva said.

Building on historical performance, HSBC expects the market to decline another 6-8% from current levels and rebound thereafter.

“Overall, we don’t see a case for a deep correction; the market has already corrected 7% from its recent high, but we do not rule out another similar correction from current levels, before the market turns to its own structural bullish momentum, ”Sachdeva said.

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Consolidation could come calling for biotechnology in 2022 https://onepayday.com/consolidation-could-come-calling-for-biotechnology-in-2022/ Wed, 05 Jan 2022 17:42:42 +0000 https://onepayday.com/consolidation-could-come-calling-for-biotechnology-in-2022/ Eexpectations are in place for a sustained pace of consolidation in the biotech space this year, and this could benefit an assortment of exchange-traded funds, such as the ETF ALPS Medical Breakthroughs (SBIO). Like other ETFs targeting smaller biotech stocks, SBIO has just had a tough 2021, but if healthcare mergers and acquisitions come to […]]]>

Eexpectations are in place for a sustained pace of consolidation in the biotech space this year, and this could benefit an assortment of exchange-traded funds, such as the ETF ALPS Medical Breakthroughs (SBIO).

Like other ETFs targeting smaller biotech stocks, SBIO has just had a tough 2021, but if healthcare mergers and acquisitions come to life again this year, the ALPS fund could be a potential beneficiary.

Fortunately, the SBIO has something to build on as 2022 unfolds as some analysts are bullish on biotech stocks across different market cap segments.

“We are seeing a macro setup that is broadly positive across the industry’s entire market capitalization spectrum,” analysts at Raymond James said in a recent note to clients.

Some of the headwinds from last year are easing, and this is relevant to SBIO investors as ETF constituents could benefit from good news on the approval and regulatory fronts. Given the size of the SBIO member companies (they are capped at $ 5 billion market value upon inclusion) and the testing requirement imposed by the fund index (components must have at least treatment in Phase II or III trials), it is critical that FDA approvals run efficiently and regulators do not stand in the way of takeovers.

“Some of the big concerns that have scared investors, including political efforts to revise drug prices and questions about the Biden-era Food and Drug Administration’s regulatory approach, appear to be easing,” a- he added. reports Josh Nathan-Kazis for Barron’s.

As for mergers and acquisitions – a catalyst that has often lifted SBIO over its more than seven years in the market – Raymond James says the pieces of this puzzle come together, indicating that investors could get the biotech consolidation activity that ‘they had been waiting for a long time. . In addition, there might be rare value to be obtained with smaller shares in the group.

“With large caps trading at 12.4X consensus 2022 EPS, we see significant value ahead of what we postulated in November could be a 2022 generalist rotation back into biopharma,” notes Raymond James. “For small caps, we also see a value opportunity. “

The SBIO of $ 188.43 million tracks the S-Network Medical Breakthroughs Index.

Other biotech ETFs to consider include the VanEck Vectors Biotech FNB (BBH), the IShares Biotechnology ETFs (IBB), and the Virtus LifeSci Biotech Clinical Trials ETFs (BBC).

For more news, information and strategies, visit the website ETF building block channel.

Learn more at ETFtrends.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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