Expensive payment – Les Couleurs De Luce http://lescouleursdeluce.com/ Mon, 26 Sep 2022 19:42:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lescouleursdeluce.com/wp-content/uploads/2021/08/icon.png Expensive payment – Les Couleurs De Luce http://lescouleursdeluce.com/ 32 32 Cost of Living Payment 2022: How to Apply and Claim at Leeds https://lescouleursdeluce.com/cost-of-living-payment-2022-how-to-apply-and-claim-at-leeds/ Mon, 26 Sep 2022 19:42:00 +0000 https://lescouleursdeluce.com/cost-of-living-payment-2022-how-to-apply-and-claim-at-leeds/

The current cost of living crisis has financially crippled millions of desperate low-income households across the UK, including in Leeds.

Petrol and diesel prices are skyrocketing to astronomical heights, groceries are getting more expensive, monthly energy bills are rising – all of this is putting enormous pressure on low-income households in Leeds.

With UK Inflation Ranking at 9.90% – which is its highest rate in 40 years – the government is trying to allay those concerns by delivering a £37billion support package.

Here’s everything you need to know about the second cost of living payment, like when it will be paid, the criteria you need to meet to be eligible and how to apply for and claim it in Leeds.

What is the cost of living payment?

Direct payments to help with the UK’s soaring cost of living will be made to all eight million eligible people at press time.

This involves two different payments which total £650.

The first payment to eligible households of £326 was made in July, while the second will be the remaining £324.

Who is eligible for the cost of living payment?

The £650 cost of living payment will support more than eight million eligible households across the country.

This includes all households in Leeds who are already entitled to payment of the following benefits:

  • Universal Credit
  • Income-Based Jobseeker’s Allowance
  • Employment and Income Support Benefit
  • Income support
  • Work Tax Credit
  • Child tax credit
  • Pension credit

To be eligible for the second installment of £324, you must have been entitled to one of the above benefits between 26 April 2022 and 25 May 2022.

How will the cost of living payment be paid?

Payment will be paid directly into the bank accounts of eligible households and individuals.

When will people in Leeds get the payment?

The first installment of the payment was issued on July 31, 2022.

Those who were eligible for the first installment and are claimants of the tax credit will receive the first installment this fall.

The final cost of living payment will appear in the bank accounts of eligible individuals by October 1, 2022.

What to know about online casino payment methods https://lescouleursdeluce.com/what-to-know-about-online-casino-payment-methods/ Thu, 22 Sep 2022 14:02:53 +0000 https://lescouleursdeluce.com/what-to-know-about-online-casino-payment-methods/

Moving businesses online has been the latest trend, and the gaming industry is never left behind, especially after the recent coronavirus pandemic caused a shift in the system as the world embraced social distancing. It is now possible to bet and play casino games at almost all online bookmakers. The online casino world has won thanks to the wide range of payment systems.

It’s not always easy to find the right casino to play at, but if you’re going to play online you should expect a certain level of security.

Payment methods are an important part of it. You will have to choose between bank transfers, credit cards or other methods. Bank transfers are generally faster than credit card payments, allowing you to receive your winnings immediately. You may need to know which online casinos accept cash applications to enjoy these benefits. However, they can be more expensive if you use a large sum of money.

You also have the option of choosing PayPal as the payment method. This is useful if you don’t have any other options available or if they don’t accept your preferred payment method.

Each of them is available in a range of different currencies around the world. For example, if you play at the online casino based in Canada, you will be able to use Canadian dollars (CAD) for all transactions. And if you’re playing at a US-based casino, you’ll be able to use USD for all your transactions etc.

We have provided eight basic facts below that you should know before venturing into an online casino.

1. Trust:

When it comes to online gambling, trust is the most critical factor. You need to be sure that the casino you choose has a good reputation and is reliable. You also want to make sure they have been in business for a while and have been around long enough to provide reliable services.

2. Security:

Another major issue for online gamblers is security. If a site isn’t safe, you can’t play with it! So make sure that the website you choose has a solid reputation and an excellent security system.

3. Quick Deposits:

You may be wondering what payment methods are available for your casino account. Once you have created an account, you can make deposits using a variety of methods. With a few simple steps, one can make deposits using different payment methods and make online deposits almost without a hitch – in stark contrast to withdrawals which take almost a day.

Several payment methods are available for online casinos, including credit cards, e-checks, bank transfers, debit cards, and prepaid cards like gift cards, and even cryptocurrency payments like Bitcoin or Ethereum! Some players prefer specific options because they offer more flexibility or better deals for their money.

Some even prefer one method over another because they feel it suits their needs better! It is essential to choose the one that best suits your situation and the types of games you want to play at the casino. Be sure to do your research in advance so

4. Casino bonuses may depend on deposit amount and other conditions

It is essential to always keep an eye on the terms and conditions attached to casino bonuses. Most casino bonuses depend on the deposit amount and the payment method used.

5. The speed of your withdrawal depends on the method used:

Cryptocurrencies alongside e-wallets often seem to be the fastest with withdrawals, followed by credit/debit cards. In comparison, bank transfers give the slowest response and can even take several days.

6. Cryptocurrency is making waves

Aware of its popularity among members of online casinos, most casino companies have approved transactions involving bitcoins, dogecoins and other cryptocurrencies. Most people love cryptocurrencies because of their security, privacy, and trust associated with their use.

7. Security should be a prerequisite:

No one wants to make deposits at an online casino, place bets, and then have trouble requesting a withdrawal. Security should be a requirement. This is why encryption is essential to protect your information.

8. You Can’t Debate the Popularity of Credit/Debit Cards:

Despite the effectiveness of e-wallets and cryptocurrencies, credit/debit cards remain the most popular way to transact on casino platforms. Credit/debit cards are convenient to use and have easy accessibility and acceptability, even when withdrawal takes significantly longer than e-wallets.


Here I have highlighted the eight essential things you need to know before entering an online casino. To have a smooth experience, you should follow these recommendations.

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and take action based on their own findings and not from any content written in this press release or in any sponsored post. Thecoinrepublic.com is not and will not be liable for any damage or loss caused directly or indirectly by the use of any content, product or service mentioned in this press release or sponsored post.

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Opinion: Reinventing healthcare payment models https://lescouleursdeluce.com/opinion-reinventing-healthcare-payment-models/ Tue, 20 Sep 2022 10:02:36 +0000 https://lescouleursdeluce.com/opinion-reinventing-healthcare-payment-models/

The two nonprofits we lead represent hundreds of large employers and other health care purchasers, who together provide health insurance to approximately half of all Americans. For over a decade, our members have demonstrated a keen interest in value-based payment strategies that lead to better quality and affordability. These provider payment models should be more widely implemented, for many reasons.

Health care costs continue to escalate at an unacceptable rate. More Americans are struggling to afford health care, and life expectancy has plummeted for two straight years.

The old fee-for-service approach to paying healthcare providers further increases costs by incentivizing providers to use more services, while discouraging them from investing in care delivery models that improve appropriateness care and avoid the need for medical services in the first place — keeping people healthy.

We know that a value-based system that aligns provider incentives with the best health goals for patients has the potential to improve both care experience and outcomes, and mitigate costs for all. the people involved: providers, health plans, patients and employers.

Although the past decade of experimenting with alternative payment models has yielded mixed results, there is cause for optimism. Many have demonstrated improvements for patients and providers, but there’s a growing consensus that it’s time to focus on fewer models and getting them right.

Leaders of health systems and other provider organizations should recognize that the search for value-based, coordinated care is growing among purchasers and adopt financial models that enable it. This means that negotiations on provider payment rates should start from a value-based lens of care, centered on improving quality and keeping care affordable. The examples that follow present elements of value-based care that more health care providers can certainly adopt.

A promising example is direct primary care, which eliminates fee-for-service payments and patient cost sharing by instituting monthly payments to patient care providers, often resulting in reduced emergency department visits and hospitalizations. and higher job satisfaction among providers. In other words, direct primary care providers are rewarded, financially and otherwise, when their patients remain healthy and satisfied with their care.

Accountable care organizations hold providers collectively accountable for overall costs, quality of health care, and outcomes for a group of patients. These organizations have been successful, especially when led by primary care physicians. For several years, providers who form physician-led ACOs have realized significant savings through the Medicare Shared Savings Program, including 85% of those who participate in 2020.

Bundled payments, which can be thought of as a one-time payment for an “episode” of care rather than ad hoc payments for services, have helped reduce cancer care costs for more than a decade. And now they are often used for surgical procedures. This approach rewards providers who effectively deliver higher quality care, often by coordinating patient care with other healthcare professionals. Today’s healthcare landscape would benefit from expanded bundled payment models, as they allow providers to succeed financially through relationships with other specialties. This is not the case in a fee-for-service environment.

Contactless payment penetration rate in Saudi Arabia is ‘94% of all digital transactions’ https://lescouleursdeluce.com/contactless-payment-penetration-rate-in-saudi-arabia-is-94-of-all-digital-transactions/ Sat, 17 Sep 2022 21:15:54 +0000 https://lescouleursdeluce.com/contactless-payment-penetration-rate-in-saudi-arabia-is-94-of-all-digital-transactions/

India and Saudi Arabia to focus on sustainability to boost bilateral ties: Indian Trade and Industry Minister

RIYADH: India and Saudi Arabia plan to strengthen their long-standing ties through enduring initiatives that will expand opportunities for both nations, Indian Trade and Industry Minister Piyush Goyal has said.

On an official visit to the Kingdom on September 18-19, the minister met with his Saudi counterpart, the Minister of Commerce, Dr. Majid bin Abdullah Alkassabi, to discuss economic ties between the Kingdom and India.

He is also expected to co-chair the inaugural ministerial meeting of the Economic and Investment Committee alongside Saudi Energy Minister Prince Abdul Aziz bin Salman.

Areas of collaboration between the two countries will include the West Coast Refinery Project, transoceanic grid connectivity and food security, in addition to encouraging green hydrogen trade, pharmaceutical and energy security.

“The economy and trade relations play a vital role in today’s world. My visit this time is aimed at creating this conducive environment, which will help businesses from both countries to engage with each other, Goyal told Arab News.

“This will help expand opportunities for our young boys and girls, especially in innovation,” he added.

Convergence of vision

With the Vision 2030 plan aimed at empowering small and medium enterprises by paving the way for greater opportunities, India is playing a big role in fostering startups in the Kingdom through the Make in India initiative.

The minister explained that Saudi Arabia could significantly benefit from India-Saudi partnerships between startups and finance companies, gaining a better understanding of the market development of one of the major economies.

India holds the third largest startup ecosystem in the world, with over 70,000 startups registered with the Ministry of Commerce and 107 unicorns in the country, each valued at over $1 billion and collectively at $340 billion. .

“This ecosystem can grow in India, given the strength of funding and the support that Saudi Arabia can provide in terms of capital… We are not in competition with each other; we complement each other,” the minister told Arab News.

A key objective of the meeting was to accelerate progress on the Kingdom’s $100 billion investment in the growth of various economic sectors in India, announced by Crown Prince Mohammad bin Salman in 2019.

The minister said: “Due to global uncertainties, some of our ambitious plans on investment flows from Saudi Arabia to India could not come to fruition, but given the commitment of both parties and of the huge opportunities in India, I now see him moving forward in mission mode.

Explore new synergies

Goyal highlighted the various sectors of opportunity for the fund, as discussed with his Saudi counterpart, including clean energy generation, startup ecosystem, food trading, semiconductors, pharmaceuticals and petrochemicals.

While India is one of the Kingdom’s biggest oil importers, Saudi Arabia’s economic diversification, including the transition to a non-oil economy and new paths, was hailed by the minister.

“At a time when fossil fuels are facing the challenges of climate change, efforts are being made to create alternative and renewable sources of energy. It is important that Saudi Arabia also engages in portfolio diversification to prepare the country for the future,” the minister said.

“[It] clearly shows that the leadership of Saudi Arabia is truly progressive, modern and visionary,” he added.

While the recent pandemic and the Russian-Ukrainian war have significantly affected most economies, India continues to be one of the fastest growing economies in the world, with a 7% growth in its domestic product. raw.

The nation has also mandated the Reserve Bank of India, its central bank, to closely monitor and rein in rising inflation rates.

“We showed a lot of resilience. Our handling of COVID has been widely appreciated. I must acknowledge and thank the Saudi government, the Crown Prince and the people of Saudi Arabia for their support during this time,” he said, thanking the Kingdom for providing critical supplies of medical oxygen to the nation.

Focus on sustainability

One of the greatest initiatives taken by Indian Prime Minister Narendra Modi is his dedication to protecting the environment, fighting climate change, creating sustainable lifestyles and creating sources of energy. renewable energy.

The minister said: “Intergenerational equity demands that we leave behind a better planet than the one we inherited, and I think Saudi Arabia and India are committed to that. We will work together and ensure that that both countries are working towards a better future for our children.

India aims to produce 25 million tons of green hydrogen per year by 2047 as a first step to reduce energy imports. The country has also developed the idea of ​​a transoceanic grid, designed to harness solar energy and potentially distribute electricity globally.

“We have already launched studies to see how we can connect the GCC (Gulf Cooperation Council) countries and India through submarine cables and perhaps create a transmission network between the two regions,” he said. he declared.

The Minister hopes that the trade relationship will also focus on the food and energy security of the two nations on a larger scale.

“We envision creating a bridge between India and Saudi Arabia, so that Saudi Arabia’s food security becomes a responsibility that India will shoulder. Just as we believe India’s energy security is the responsibility that our Saudi friends can shoulder,” he said.

“I see this partnership blossoming under the leadership of Prime Minister Modi and His Highness the Crown Prince of Saudi Arabia, to very high levels,” the beaming minister added.

“Buy now, pay later” plans are on the rise, as are late payments https://lescouleursdeluce.com/buy-now-pay-later-plans-are-on-the-rise-as-are-late-payments/ Fri, 16 Sep 2022 13:30:00 +0000 https://lescouleursdeluce.com/buy-now-pay-later-plans-are-on-the-rise-as-are-late-payments/

NEW YORK (AP) — Americans have become fond of “buy now, pay later” services, but the “pay later” part is becoming increasingly difficult for some borrowers.

Buy now, pay later loans allow users to pay for items such as new sneakers, electronics, or luxury goods in installments. Companies such as Affirm, Afterpay, Klarna, and PayPal have created popular financial products around these short-term loans, especially for young borrowers who fear endless credit card debt.

Now, as the industry accumulates customers, chargebacks are on the rise. Inflation squeezes consumers, making it harder to pay off debt. Some borrowers do not budget properly, especially if persuaded to take out multiple loans, while others may have been credit risks to begin with.

“You have an industry with a higher concentration of subprime borrowers in a market that hasn’t been effectively tested (that kind of economy), and you have a kind of toxic brew of worries, Michael Taiano said. , an analyst at Fitch Ratings, who co-authored a report in July highlighting some of the industry’s concerns.

The most popular type of buy now, pay later loan allows for four payments over six weeks – one payment at the time of purchase and three more that borrowers often try to synchronize with pay periods. Longer term loans for larger purchases are also available. Most short-term loans bear no interest. Companies that charge interest can clearly state in advance how much a borrower will pay in finance charges.

Given these characteristics, consumer advocates and financial advisors initially saw buy now, pay later plans as a potentially healthier form of consumer debt if used correctly. The main concern was late fees, which could be a heavy financial burden on a small purchase if a borrower was late on a payment. Fees can reach $34, plus interest. But now that chargebacks are on the rise and companies are more aggressive in marketing their products, advocates see the need for additional regulation.

The industry is growing rapidly, according to a report released Thursday by the Consumer Financial Protection Bureau. Americans took out about $24.2 billion in loans under buy now, pay later programs in 2021, up from just $2 billion in 2019. That industry-wide figure is only expected to climb. even more. Klarna customers purchased $41 billion worth of products on its service globally in the first six months of the year, up 21% from a year ago. PayPal processed more than $4.9 billion in buy now, pay later transactions in the second quarter, more than tripling from a year earlier.

Jasmine Francis, 29, a technology analyst based in Charlotte, North Carolina, said she first used a ‘buy now, pay later’ service in 2018 to buy clothes from the fast fashion brand Forever21.

“I remember I just got a cart,” she said. “At first I thought, ‘Something has to come back’, then I saw Afterpay at checkout – you don’t pay for everything now, but you get everything now. That was music to my ears.

It is unclear to what extent clients are using buy now, pay later loans healthily. Fitch found that chargebacks on these services rose sharply in the 12 months ended March 31, while chargebacks on credit cards remained flat. And according to the CFPB, a growing percentage of the loans the industry makes are being written off — or loans it considered so delinquent they were likely uncollectible. The industry charge rate was 2.39% in 2021, a figure that is now likely higher given the economic turmoil this year. In 2020, this figure was 1.83%.

“This upward trend in delinquencies continues,” CFPB director Rohit Chopra said on a call with reporters.

Credit reporting company TransUnion found that buy now, pay later borrowers are using the product just as much as credit cards, racking up debt on top of additional debt. A Morning Consult poll released this week found that 15% of buy now, pay later customers use the service for routine purchases, such as groceries and gas, a pattern of behavior that is ringing alarm bells at home. financial advisers. The CFPB report also found that a small but growing number of Americans also use these products for routine purchases.

“If these buy now, pay later plans aren’t budgeted properly, they can have a cascading impact on a person’s entire financial life,” said André Jean-Pierre, a former Morgan Stanley wealth adviser who now runs his own financial planning company focused on helping black Americans save and budget properly.

Another concern of consumer advisors and advocates, as well as lawmakers and regulators in Washington, is the ease with which consumers can layer on these installment loans.

Speaking at a Tuesday Senate Banking Committee hearing on new financial products, Sen. Sherrod Brown, D-Ohio, highlighted the benefits of plans that allow consumers to pay for things in installments. But he also criticized the way the industry promotes the plans.

“The ads encourage consumers to use these bundles for multiple purchases, across multiple online stores, racking up debt they can’t afford to repay,” Brown said.

Short-term loans are potentially problematic because they are not reported on a consumer’s credit profile with Transunion and Experian. Additionally, buy now, pay later, industry customers are young, which means they have little credit history. In theory, a borrower could take out multiple short-term loans across multiple buy-now, pay-later businesses — a practice known as “loan stacking” — and they would never show up on a credit report. If a person puts in too many buy now, pay later items, budgeting can be difficult.

“It’s a blind spot for the industry,” Fitch’s Taiano said.

In a statement, the industry trade group “buy now, pay later” pushed back on the characterization that its products could burden borrowers with too much debt.

“With zero to low interest rates, flexible payment terms and transparent terms and conditions, BNPL helps consumers manage their cash responsibly and live healthier financial lives,” said Penny Lee, CEO of the Financial Technology Association.

Meanwhile, providers of buy-it-pay-later services see rising chargebacks as a natural consequence of growth, but also an indication that inflation is hitting the Americans most likely to use these services the most. harder.

“We’ve seen some stress (among those with the lowest credit scores), and those are starting to struggle,” said Max Levchin, founder and CEO of Affirm, one of the largest businesses that buy now, pay later.

“I wouldn’t call it some sort of preamble to a potential slowdown, but it’s not the same kind of smooth sailing,” he said, adding that Affirm is taking a more conservative approach to loans.

Buy now, pay later took off in the United States after the Great Recession. Analysts said the product was largely untested during a large period of financial hardship, unlike mortgages, credit cards or car loans.

Despite these concerns, the consensus is buy now, pay later, companies are here to stay. Affirm, Klarna, Afterpay, which is owned by Block Inc., as well as PayPal and others are now widely integrated into internet commerce.

Moreover, the growth of the industry attracts more and more players. Tech titan Apple announced earlier this summer Apple Pay Later, where users can make purchases on a four-payment plan over six weeks.

“I usually schedule the purchases I make using PayPal ‘Pay in 4’ so that my due dates for purchases land on my payment dates because due dates are every two weeks” , said Desiree Moore, 35, of Georgia.

Moore said she tries to use buy-it-now, pay-later plans to cover purchases that aren’t part of her usual monthly budget, so as not to take money away from her children’s needs. She is increasingly using the plans with inflation making items more expensive and so far able to keep up with the payments.

Francis, the technical analyst, said it is now common for his friends to pay for trips with installment loans, so as not to completely empty their bank accounts in an emergency.

“If I come back from vacation and I have two flat tires, and I just spent all that money on plane tickets, that’s $400 that you don’t have right now,” he said. she declared. “Most people don’t have savings. They’ve got just enough for those flat tires.


This story has been corrected to show that PayPal’s buy-it-now and pay-later transaction volume was $4.9 billion. An earlier version incorrectly reported the $4.9 billion as revenue from these transactions.

Canyon adds Klarna to payment options – and 6 more ways to buy your next Canyon https://lescouleursdeluce.com/canyon-adds-klarna-to-payment-options-and-6-more-ways-to-buy-your-next-canyon/ Wed, 14 Sep 2022 08:15:21 +0000 https://lescouleursdeluce.com/canyon-adds-klarna-to-payment-options-and-6-more-ways-to-buy-your-next-canyon/

Buying a new bike can be an expensive proposition. However, Canyon aims to make it easier to buy their bikes by adding Klarna to their range of payment methods.

Klarna, which offers financing through a series of monthly installments, is one of seven ways to pay for your next bike, with other options including Cyclescheme, Splitit, Paypal, prepay and credit card .

By offering a range of payment methods, Canyon wants to make buying a bike simple, whether you’re taking the plunge with your first serious road bike, upgrading to a pro-level mountain bike, adding a gravel to the fleet, or anything in between.

Here are all the ways to buy one of Canyon’s road, gravel, mountain, hybrid or electric bikes.


You can buy the 2023 Canyon Ultimate CF SLX 8 eTap from £200.09 per month via Klarna.

Klarna is a financial service, founded in Sweden in 2005, which allows payment by monthly installments, over periods of 6, 12, 24 or 36 months.

If you pay for your bike over six months you pay no interest, but for longer periods interest is charged at 9.9%. There is a maximum purchase price of £10,000.

You can buy the new Canyon Ultimate road bike, for example, from £121.64 a month for 36 months, or a Canyon Spectral 29 CFR mountain bike for £206.50 a month, also for 36 months.

If you’re considering a hybrid like Canyon’s Commuter 5, you’d pay £36.79 per month over 36 months, or you could pay £191.50 per month over six months, interest free.

To see what’s available and check the monthly cost using Klarna, find the bike you’re interested in and click “Fund with Klarna Installments” in the right menu to compare terms in the pop-up window.

At the time of payment, Klarna will perform a credit check.

Once approved, the first payment will be taken when your bike is shipped, with additional payments at monthly intervals over the life of the loan. Klarna will notify you when each payment is due and when it is collected.

You can also pay the full amount at any time. Canyon has a comprehensive Klarna FAQ on its website. BikeRadar also has a guide to buying a finance bike.

Cycle diagram

Cyclescheme is a wage sacrifice initiative of the Cycle to Work scheme in the UK.

The advantage here is that you pay for your Canyon from your pre-tax gross salary, so you pay no taxes, national insurance, or interest charges.

At the end of the agreed duration, however, you must decide whether to return the bike or pay the ownership costs.

BikeRadar has more on buying a Canyon using Cyclescheme.

Separate it

Splitit is linked to a Visa or Mastercard credit card and allows payment in installments between two and six months.

Splitit is another installment payment option, in this case linked to your Visa or Mastercard credit card. You can pay via Splitit in instalments between two and six months.

Splitit offers zero percent interest and no credit checks, and there is no minimum order value. Simply select the “Interest-Free Installments” payment method at checkout.

The total amount due is held on your card, which must have a high enough credit limit for the entire transaction. The first monthly payment is debited when your Canyon ships and the amount held on your card will decrease each month until the full amount has been paid.


Canyon accepts payments via PayPal and there is no upper limit to the transaction value. The amount will be reserved in your PayPal account when you order, but only debited when Canyon ships.

You must, however, ensure that you have a sufficiently high PayPal account limit and that the credit limit on the payment method linked to your PayPal account is sufficient for the intended transaction.

PayPal Pay in 3

PayPal Pay in 3 allows you to spread the payment over three months.

If your transaction value is between £30 and £2,000, you can spread the PayPal payment to Canyon over three months using PayPal Pay in 3.

It is only available to individual UK residents and there is no additional charge.

Credit card

You can pay for a Canyon bike in full with a Visa or Mastercard credit card, online or over the phone.

If you call to pay, Canyon will email you a secure link to enter your card details.


Finally, you can prepay for your new Canyon. Once your order has been placed, Canyon will reserve your bike and send you an invoice with their German bank details.

Then, once payment has been received, Canyon will arrange shipment of your bike. There may be foreign transaction fees payable to your bank.

Why Dave Ramsey’s Recommended Minimum Down Payment Will Surprise You https://lescouleursdeluce.com/why-dave-ramseys-recommended-minimum-down-payment-will-surprise-you/ Thu, 08 Sep 2022 23:00:11 +0000 https://lescouleursdeluce.com/why-dave-ramseys-recommended-minimum-down-payment-will-surprise-you/

Image source: Getty Images

When you buy a house, you usually have to put a certain amount of money aside. Lenders require you to do this to reduce the risk that the home will no longer be worth enough to secure the entire mortgage.

It’s also a good idea to put some money aside so you don’t owe more than the house is worth (this is called being underwater). This could make it very difficult to sell if you needed to because you would have to find the remaining money to pay off the loan.

Although lenders require a down payment, you can usually choose to make a small payment or a large payment. This can be a tough decision because the bigger your down payment, the lower your mortgage costs, but the more you need to save before you can buy.

To help you make your choice, financial expert Dave Ramsey has some advice – and it’s actually quite surprising from the famous debt guru.

Here’s why Ramsey’s advice is so surprising

Ramsey’s recommended minimum down payment is much lower than you would expect, given that he recommends avoiding debt where possible and ideally suggests buying a house with cash if you have any. have the means.

So what does Ramsey suggest is the minimum you should deposit? “If you’re a first-time home buyer, a 5-10% down payment is fine,” said the Ramsey Solutions says the blog.

The fact that Ramsey says it’s okay to buy a house with so little down is truly surprising for several reasons.

First, as Ramsey acknowledges, if you deposit less than 20%, you’re going to end up with an extra payment for something called private mortgage insurance (PMI). “Anything below 20% is considered riskier for a lender, so to cover their butt, they make the mortgage more expensive for you by adding things like private mortgage insurance,” Ramsey said.

PMI protects the lender by covering any costs they cannot offset if they have to sell your home in foreclosure. But that doesn’t protect you – you can still be seized even if you’re the one paying for the protection. So, by suggesting that it’s okay to buy a home with just 5% down, Ramsey agrees to go ahead with a purchase that will come with higher monthly payments that will affect your ability to do something else with your money.

Ramsey also said, “Anything less than 5-10% is actually a very low down payment, not to mention a surefire way to end up upside down on a house. And you’ll be wasting a lot of money on interest and fees over the life of your mortgage. But this is also true if you make a down payment of less than 20%. You will likely be stuck with a higher interest rate loan, have fewer choices of lenders, and You will have to pay additional fees if you choose special low down payment loans, such as an FHA loan.

Now, to be fair, Ramsey says people who already own should definitely put down 20% because they can cash out their equity to come up with the down payment. And he points out that a larger down payment is better, even for first-time buyers.

But while he says a 5-10% down payment is fine for first-time homebuyers, the reality is that it’s going to be a risky and costly decision, especially if you’re down. end of this range.

How much should your down payment be?

In most cases, even if you’re a first-time buyer, you should try a 20% down payment to protect yourself and avoid making your mortgage more expensive. But, if that’s totally impossible for you, you should stick to a minimum of 10% – not go for a 5% down payment.

Anything less than 10% puts you at serious risk of not being able to sell your home enough to pay off the mortgage, as well as cover closing costs and real estate commission. You just don’t want to take that risk.

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Is bitcoin a viable payment alternative https://lescouleursdeluce.com/is-bitcoin-a-viable-payment-alternative/ Mon, 05 Sep 2022 07:00:00 +0000 https://lescouleursdeluce.com/is-bitcoin-a-viable-payment-alternative/

Most of the attention has focused on cryptocurrencies as an asset class dominated by Bitcoin and a few other tokens. Speculators buy, hold and sell. Cryptocurrencies have the potential to be used as a payment system.

A person can send money to another person using cryptocurrency registered on the blockchain.

Accordingly, the critical question is not whether people can use cryptocurrencies as a payment mechanism, but whether they can be a viable challenger to existing fiat currency payment systems.

Cryptocurrencies could be a game changer

Image: Pixabay

The latest launch of The Bank of London as a self-proclaimed disruptor of banking fundamentals, particularly end-to-end international banking (only the second clearing bank launched in the UK in the past 250 years), also indicates that the change is in progress. the air.

A revolutionary innovation that offers much simpler, faster and less expensive solutions is perhaps long overdue.

Some argue that virtual currencies, or the underlying blockchain, could underpin these solutions.

Forms of payment Bitcoin would be valuable for

The possibilities of international payments are unlimited. Current procedures are long and costly.

We are seeing widespread adoption of cryptocurrency-based international payments for legitimate purposes; however, the volume is low, which can hinder progress.

It’s unclear if emerging tech players are driving this shift or if current players can move fast enough to stay in the game.

There are many other hurdles to overcome for volume trading, but the market is huge. Undoubtedly, the technology has enormous potential.

Many players are vying to be the first to create truly scalable, secure, interoperable, robust and energy-efficient blockchains.

We believe they will succeed. Considering the potential that bitcoin holds, adding it to your portfolio would be a good move. The focus will shift from the cryptocurrency element to the usefulness of the mechanism.

The cryptocurrency itself can become invisible to sender and receiver, with the transaction initiated and completed in fiat currency. Cryptocurrency simply becomes part of the technology solution.

Who will be the future participants?

Crypto currency market with a bitcoin
Image: Unsplash

Will today’s payment processors be able to develop and adopt new technologies fast enough to avoid Kodak’s fate? Will their value-added services and market dominance ensure their survival, albeit in a very different form?

Although cryptocurrencies and blockchain technology provide the infrastructure, the end-to-end payment solution is more than just wire transfers.

The uses and interactions surrounding it will be critical, and existing players will have a competitive advantage in these areas.

The threat to existing players does not stop with infrastructure providers (eg Swift, Mastercard, CHIPS).

What happens to commercial banks advising and confirming payments if customers can make international payments quickly, cheaply and securely?

Regulatory challenges are key, but let’s assume for now that an appropriate international regulatory regime will emerge.

Undoubtedly, regulators will play a critical role in the widespread adoption of such a payment infrastructure. In the meantime, many governments are considering issuing central bank digital currencies (CBDCs).

While not about cryptocurrencies, we could see a convergence of technologies and concepts and central banks taking back control of the payments space.


Predicting the future of payment systems and the role of cryptocurrencies in their evolution is impossible. However, we believe that payments are about to undergo a fundamental change that has never happened before.

New entrants will replace many of the main incumbents. A few Holders may be adaptable enough to survive. As a result, payouts will appear drastically different.

Do you have any thoughts on this? Report the discussion to our Twitter or facebook.

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Chris has been blogging since the early days of the Internet. It mainly focuses on topics related to technology, business, marketing, and just about anything tech-related. When he’s not writing, you can find him playing guitar or cooking up a nasty storm for your friends and family.

Education Support Group Advocates Paying Tuition at Federal Universities https://lescouleursdeluce.com/education-support-group-advocates-paying-tuition-at-federal-universities/ Sat, 03 Sep 2022 09:37:33 +0000 https://lescouleursdeluce.com/education-support-group-advocates-paying-tuition-at-federal-universities/

A global non-governmental education support organization, Scholarship Aid Initiative (SAI), on Friday advised the management of federal universities in Nigeria to consider the possibility of charging tuition fees to enable them to meet their financial obligations in their respective institutions.

The organization’s African Regional Chairman, Dr. Oluwatosin Adebayo, gave advice during a speech in Abeokuta, the capital of Ogun State, during the 2022 Stakeholder Forum and the awarded scholarships to over 1,000 indigent student admission applicants from the South West. region of the country.

Adebayo specifically stated that free education, especially at the level of tertiary institutions, is no longer feasible in Nigeria, saying that all federally owned universities, as well as other tertiary institutions, have to charge tuition fees to increase subsidies from the government.

Returning to the theme: “Relentless strike action in tertiary institutions: the present and future effect on Nigeria’s education and economic system”, Adebayo lamented that the strike never had an impact positive but destroyed the education sector.
“We have never seen any positive impact that this strike method has brought out. I believe there should be other ways in which ASUU and the government come together and resolve their differences.
“The strike is not the best solution because it is killing our education system, the system is collapsing, our diplomas are no longer recognized anywhere and we continue to make mistakes.
“I am also a speaker and we suggested a lot of things to solve the crisis instead of the strike. Part of what we have suggested is that federal university students should pay tuition. Students at federal universities do not pay tuition fees.
“Education is expensive, the federal government must allow students at federal universities to pay tuition. The parents are ready to pay and the money generated by this school can be used to finance any problem”.

Explaining that the main objectives of the ISC are to facilitate the educational success of the less privileged in society, Adebayo however called on the government to always make realistic promises in order to avoid a confrontational position with any organized union in the future. .

U.S. dollar vehicle registrations converted at payment https://lescouleursdeluce.com/u-s-dollar-vehicle-registrations-converted-at-payment/ Fri, 02 Sep 2022 22:17:10 +0000 https://lescouleursdeluce.com/u-s-dollar-vehicle-registrations-converted-at-payment/

the herald

Herald Reporter

Vehicle registration fees are now set in US dollars converted at the interbank exchange rate on the day of payment for the majority who pay in local currency, with owners of vehicles under 1,500 kg paying $11,200 per installment of four month at yesterday’s exchange rate.

Under Statutory Instrument 156 of 2022, the 25th Amendment to the Vehicle Registration and Licensing Regulations issued by the Minister of Transport and Infrastructure Development Felix Mhona, the old Zimbabwe timetables have been superseded by new ones schedules denominated in US dollars.

However, the amendment clarifies that the charges shown “may be payable in local currency (Zimbabwean dollars) for locally registered vehicles at the prevailing exchange rate of the day”.

The new fees took effect yesterday, the day they were published in the Gazette.

The tables giving the rates now allow periods longer than a single term, with vehicle owners having the choice between: 4 months, 6 months, 8 months, 10 months and 12 months. The rates are identical per month regardless of the desired license duration, without discount or surcharge if longer or shorter durations are chosen.

The move to US dollars follows other changes to government fees, on the same condition that US dollar rates can be converted on the day of payment into local currency at the official rate, which is now set as the interbank rate for all government transactions. This can change every business day. The change means that the official rates will be valid for much longer because inflation adjustments will be much less frequent.

As well as fees for maintaining license cover, the regulations also list fees for first registration and change of ownership, with much higher fees when the change involves changing number plates.

For extended license coverage, the new fees for a four month term are as follows: Up to 1,500 kg $20, 1,501 kg to 2,250 kg $25, 2,251 kg to 3,000 kg $30 , 3001 kg to 3750 kg $60, 3751 kg to 4250 kg $75, 4251 kg to 5000 kg $90, 5001 kg to 5750 kg $100, 5751 kg to 6250 kg $105 , 6,251 kg to 7,000 kg 120 USD, 7,001 kg to 7,750 kg 130 USD, 7,751 kg to 9,25 kg 0 140 USD, 9,251 kg to 10,000 kg 150 USD, 10,001 kg to 10,750 kg 200 USD and 10,751 kg and over 300 USD.

Charges for six months are one and a half times the four month rates, for eight months are twice the four month rates, for 10 months are 2.5 times the four month rates and for one year are three times the rates four months. monthly rates.

The first time registration fee for a vehicle is $80 and for a motorcycle or trailer is $70. Change of ownership with new plates is $95 for one vehicle and $85 for a motorcycle or trailer, but $15 for all vehicles, motorcycles, or trailers if old plates are retained.

Replacement of lost plates is $85, a third duplicate plate is $15. Personalized plaques cost US$1,200. Garage plates or licenses cost US$50 and a temporary ID costs US$35.

Only 3 USD is charged for change of address, change of vehicle details, search fee, cancellation of registration or notice of sale. Change of ownership authorization costs $50, duplicate registration book costs $15, and vehicle registration book costs $50.