Beware of cash advances, they bite

by admin on September 1st, 2014

filed under Cash Advances

New Reserve Bank of Australia data shows credit card cash advance fees from ATMs jumped 3.4 per cent last year and are up 10 per cent over a five-year period, prompting lending experts to warn of the dangers of this type of borrowing.

Cash advance customers are charged 1.9 per cent of the value of the withdrawal, plus any other ATM and credit card fees, and are slugged with interest immediately rather than benefiting from the typical 55-day interest-free period for credit cards.

However, the RBA figures show Australians still fall for the lure of easy credit. In May alone there were almost two million cash advances made, worth $808 million.

Oracle Lending Solutions director...

On To-Do List: Deposit Cash in Bitcoin ATM

by admin on September 1st, 2014

filed under Business Loans

Welcome to the ATM. of the future, where customers insert cash and leave with nothing.

A cashless society is still a long way off, but automated machines that turn traditional money into virtual currency are cropping up across the globe. The trend has come to New York — Flat 128, a retailer that sells British jewelry and accessories in the West Village, is home to the first such machine in Manhattan and is becoming a destination for Bitcoin enthusiasts.

Yet this new Bitcoin ATM. is only a means for users to deposit cash and convert it to Bitcoins for their accounts; it does not offer cash withdrawals.

Still, virtual currency supporters see the growth of these machines...

Traffic stop nets 4.6 pounds of pot, $23K in cash

by admin on August 31st, 2014

filed under Business Loans

A traffic stop on I-20 ended with an arrest when a Rockdale County deputy found 4.6 pounds of marijuana and more than $23,000 cash inside the vehicle, the sheriff’s office said.

A deputy stopped a car on I-20 around 10:30 pm Tuesday and could smell raw marijuana, according to the sheriff’s office. Inside, the deputy found the marijuana and cash.

The driver, Michael Rashawn Preston, 35, of Conyers, was arrested for failure to maintain lane and possession of marijuana with intent to distribute. Preston was being held Tuesday afternoon in the Rockdale County Jail without bond.

Letter carrier busted for allegedly stealing cash, gift cards from mail

by admin on August 31st, 2014

filed under Business Loans

Investigators say an Indiana letter carrier, trusted with delivering the mail, was instead stealing money from peoples birthday cards.

The US Postal Service says it used special agents in a sting operation to catch the woman in the act in Mitchell in Lawrence County.

Mike Conley could hardly believe it happened, let alone three times.

You just dont expect that from somebody you trust, Conley said. You just feel like, Hey, Ive been cheated. Ive been robbed.

He discovered gifts and cash missing from his own mailbox in November, February and again in May.

First, one of our sons birthday cards showed up and it was ripped open...

WNBA star Swin Cash part of historic all-female sports show

by admin on August 30th, 2014

filed under Business Loans

USA Basketball released its official training-camp roster on Monday and a big name was curiously not included, three-time WNBA champion Swin Cash. But Cash said she retired from the national team after the London Olympics, winning her second gold medal.

And on Tuesday, Cash was part of a bigger press release.

CBS officially announced it will launch the first-ever, all-female national weekly sports show. We Need to Talk will debut on Sept. 30 at 7pm PT on CBS Sports Network. It should run every Tuesday thereafter.

The title is unsettling. Those four words are the most dreaded to hear in any relationship. But its about time the women whove been tucked on the sideline or squeezed...

Existing Home Sales Reach 10-Month Best; Low Mortgage Rates Boost …

by admin on August 30th, 2014

filed under Below Average Credit

Existing Home Sales Reach 10-Month Best; Low Mortgage Rates Boost Purchasing Power

  • Real Estate Sales

Low Mortgage Rates Boost Home Sales

Todays mortgage rates are the lowest theyve been in 61 weeks; and the effects of low rates may be trickling up to housing.

In July, home resales crossed five million on a seasonally-adjusted, annualized basis for the second consecutive month — despite a limited number of homes for sale nationwide. Purchasing power is high and todays home buyers are taking advantage.

Low mortgage rates wont likely last.

Click to see todays...

Smallest Startups Rely On Personal Funding Sources

by admin on August 29th, 2014

filed under Personal Funding

Rather than using traditional loans to fund their businesses, the majority of small business owners dig into their own bank accounts to keep their companies afloat.

More than 60 percent of microbusiness owners rely on non-retirement, personal savings as the lead source of funding for their businesses, according to the Sams Club/Gallup Microbusiness Tracker. Additionally, US microbusinesses defined as those with five or fewer employees started in the past year are 30 percent more likely than mature companies to use the owners personal savings to maintain the business.

Other popular sources of funding for microbusinesses include credit cards and money from family and friends....

Woman accused of trying to rob cash advance store arraigned

by admin on August 29th, 2014

filed under Business Loans

Police say Kiana Beard held up the Cash Advance in the 3400 block of Bardstown Road.

According to officers, after demanding $500, she assaulted a 67-year-old clerk with a doorknob and bit her face.

Beard is also accused of fighting with officers and hospital personnel while trying to escape custody at University Hospital.

Shes charged with assault and robbery.

Reassessing Nigeria’s Housing Deficit

by admin on August 28th, 2014

filed under Personal Funding

Shelter is the most important human need after food but ironically is not easily available to the low and middle class in Nigeria. However the housing sector according to expert could be a prime driver of socio-economic development in terms of employment creation if its potentials are fully harnessed.

Nigeria has a huge market for the housing sector. It has been estimated that 17million housing deficit exist in Nigeria. The huge deficit exist because of challenges plaguing the sector such as high cost of buying land and houses; the low and no-income earners are the highest hit by this factor, poor mortgage system, non availability of lands, double taxation, difficulty in getting titles,...

LLWS player has brother named Cash Money

by admin on August 28th, 2014

filed under Business Loans

More LLWS: MoNe Davis makes history | Fun pregame ritual

Well this is fun. As the Little League World Series moves on, take note of the profile of Tennessee player Blake Money:

Yep, Cash Money. And here he is, already embracing his roots.

Guys and gals, this is very important. Tell everyone...