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Other tips for financially abused kids who want to leave:
Most banks will send you a credit card when you apply. You cannot opt out of it. See if you can get it sent somewhere that's not your home, or find a bank that allows you to opt out of getting one (try emailing them to check).
Also: here's a reddit article I found with banks that allow you to opt out of a credit card- (do your own research though-this information could be false or outdated) https://www.reddit.com/r/personalfinance/comments/deqlx6/how_to_open_a_bank_account_while_hiding_it_from/
(I hear Novo bank allows you to opt out of getting a card. And it's also a business bank. However, a good chunk of the reviews are bad).
Get an account at a bank your family doesn't use, and make sure they don't know about it. Otherwise they could get access to it.
Cashapp can be used as a bank (not recommended bc cashapp isn't as secure as a bank, but it is an option).
You can check how good a bank is by checking nerdwallet and reddit.
You'll need a business bank account-or an account that lets you do business-if you want to freelance (which includes things like transcription). There's an article on nerdwallet about the best business accounts, and another one about accounts you can open without an EIN.
Make sure your bank statements are emailed and not mailed.
There's a bank called Majority which allows people to get accounts without SSN. Most of the reviews I've seen are good, but I still recommend checking the reviews yourself.
Try to get a paypal if you're going to get an online job-a lot of them require a paypal to use their services.
If you don't have proof of address, look for an online-only bank.
^^^
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It is festive season in South Asia, and women are some of the most overworked among all social groups.
Suddenly, it is not just you, your partner/parents/siblings anymore - it is the entire extended clan, khandaan, their nosy relatives even with several degrees of separation.
The bulk of festive burden falls on women. From the cooking, an extensive menu that comprises unhealthy food which will not be fully consumed because everyone is diabetic or dieting, and the heartbroken woman has to finish what she painstakingly prepared or watch it go to the trash, to endless decor needs, shopping and gifting the extended family (a fine art which, god forbid you gift one relative something and another differently, tempers erupt) not to mention your own professional deadlines because your boss wants everything early so he can justify the 3-4-5 fay holidays.
Then comes the dieting because you KNOW you will be judged for your appearance, the clothing choices, the exhaustion of dealing with nasty relatives and the politics.
And if you're queer, in the closet or struggling or even simply wanting to be single or avoid marriage, suddenly your life is everyone's business, and this endless social nightmare, the bullying and the ostracism is the opposite of divine, it is debasing. God forbid if you are part of an inter-caste or inter-faith coupling, the negativity is worse.
Here are a few tips on how you can take care of yourself during this season.
You've gotta put yourself first. You cannot fight multiple battles on multiple fronts if you cannot take care of yourself first. FEED YOURSELF FIRST.
Look in the mirror ' and tell yourself - this festive season I am celebrating ME - I will feed myself first. You cannot fight big battles on an empty tank.
1. Food: eat before everyone else - get in the kitchen, make yourself something healthy in half an hour, cut a salad, a bunch of fruits and eat first. Cut up a few veggies at night, put it in a tiffin box and leave it in the fridge. When everyone is snoozing, have that. They will balance out all the junk that will go into your stomach. Don't start any ridiculous fast that will drain you. Get a doctor's note if you are being pressured and say - sorry maa ji. Health reasons I have to be careful.
2. Get a pre-festival health checkup. Go to the doctor and get your stats checked. Some labs offer full-body general health checkups at discounted rates. Grab a package and finish it. When you know where you are struggling, yiu can avoid making it worse.
3. Protect your money. Festive seasons have a pile of insidious stupid expenses that pile up and guess who pays ? The woman, the wife, the daughter in law. Do you think your Husband or inlaws will shell money out for that cute decor and diya set? No way. If you hold them accountable, they will probably give some money for all the gifts relatives give. Remove your credit cards and debit cards from online shopping sites. Pretend something is wrong with your card and it got blocked. Make your husband or In-laws pay instead.
So get realistic, set up a budget and empty your bank account into an FD. Congratulations, you only have a SMALL amount of money left for decorations - use that to get inventive and clever. Pull out old newspapers, and get into wealth-from-waste mode.
If you are even smarter, you will quietly set up an alternative savings account WITHOUT a debit card or credit card and squirrel away your Dussehra - Diwali bonus into it. If your husband asks, "Sorry yar, iss bar company mein bonus nahi de rahe hain, kaafi projects mein behind hue and they arent doing that well"
If you are still living with your parents make it a point to save every money gift you get. Take the cash, hide it safely and don't touch it. First opportunity - put it in the bank account (your own, not a shared one)
4. Secure your Jewelry. A pot of desi women are given gold and precipus jewelry during their marriage but this is often sneakily taken away by your mother in law in order to "safeguard it". It is usually in the bank or a locker you do not have access to.
So, this festive season, go FULL on TRADITIONAL. Wear that old saree, and ask mom in law for your jewelry because your extended family etc are mentioning seeing those pieces from your wedding, because they got sentimental. And then sneakily after the festivities, hide them in your own little locker (which you bought beforehand) and quietly head to the bank, and deposit it in a safe deposit box in YOUR name.
Remember, GOLD is one of the most secure available financial assets for a desi woman. But the gold you have is often controlled by your in-laws once you marry over. So make sure you take iy back bit by bit. And when they ask - make excuses like - the clasp is broken, need repairs, mom wants to upgrade it a little etc. And never give it back to your inlaws. Your gold is YOUR legal property. It should not go to your inlaws.
5. Mentally prepare for tough conversations.
Festive seasons are hard on women and they socially slaughter your dignity. Prepare snarky, sarcastic answers or don't hesitate to shut down what comes your way. But since many of you are raised to be docile, remember to anticipate all the tough topics someone will raise to criticize you, think of their personaliry and prepare some snarky answers beforehand. If a relative is asking abiut your marriage, ask them when their son is going to move out or if they're still a financial burden. Ask if their husbands have stopped ogling the maid. Don't be scared of going offensive. These guys are not your friends and won't hesitate to pull you down.
6. Prepare Me time. Make a set of activities, like groceries etc, that that can leave you alone and give you breathing space from the khandaan. Take longer to shop alone and take a break in the neighbourhood park. Use this time to meditate, check in with yourself and your goals and give youraelf a spiritual pat kn the back.
7. Prep an easy menu and donate the remaining. Plan a food menu that is not extensive. Order delicacies if possible, instead of Doing it Yourself. There is no BEST BAHU and BEST WIFE contest to win. Get the load of cooking off your back. If there is food leftover, call an orphanage and send it to them. Do not eat excessively out of guilt. Donate it to those who need it. When the burden of cooking is reduced the guilt of forced eating goes doen and you won't be putting junk in your body.
Remember - you are your own best friend. Festivals will take a lot out of you. They will cause families to get into unnecessary pissing contests and you have to bear the laborous brunt. So safeguard your time and energy.
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My grandmother (who cleaned the floors on her knees with a rag) would be so excited to hear that checks are being washed. She would have told me how dirty legal tender is, but she would have been so surprised by what is really going on. Have you heard of washing checks? Check washing scams occur when your physical check is intercepted. It may have been stolen from our personal mailbox or the scammer may have rigged a fishing line with a sticky substance, and stolen mail from a public mailbox. The scammers then clean the check, literally washing it with common household chemicals. It is then rewritten. The altered check is deposited into the scammer's account. Some scammers take check washing cons a step or two further. They may take the information from the check and create counterfeit checks or establish fake IDs, driver’s licenses, or passports. Scammees may not immediately know that they’ve been scammed. The discrepancy may not show up on the bank statement immediately or a creditor may call saying they’ve not received payment. For check washing, the scammer needs the physical check. Leave it to the scammers to kick it up a notch. (Why don’t these people do acts of good??) We now have check cooking. Those who cook checks (or “bake” them) don’t need the physical check. They use an image of the check to digitally alter it using software that is commercially available. The scammer can then “deposit” the check using a bank’s phone app or they can print a copy of the altered check. What can we do to protect ourselves? Here are some suggestions: Whenever possible, use mobile and online banking services Use black ink, preferably the gel kind, for checks. Blue ballpoint ink can be easily removed with acetone. Hand bill payments directly to your carrier or mail it from the post office. Do not drop it in the box outside the post office. Retrieve your mail daily and never leave the mailbox full overnight. If you’re away, arrange for the post office to hold your mail for up to 30 days or have a friend or trusted neighbor retrieve your mail. When mailing checks, use envelopes that have security tinting. Shred all canceled checks, checks deposited through your mobile app, credit card statements and bills. Review your checking account activity regularly. Ensure all checks have cleared for the correct amounts and to the correct payees. Store your checks in a secure place within your home. Avoid making checks out to “cash”. Instead, write out your checks to a specific person or business. Protect your personal information. You don’t want scammers to have access to information on the documents from your financial institution! Stay safe! Read the full article
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What if I just become an annoying ADHD money blogger sometimes
#adhd adult money liveblogging
If you have problems saving money (especially emergency savings money) because you always spend it on too many impulse purchases, or take money out of your savings to cover your fun money:
you need to open a savings account with a new bank. The more impulsive you are, the more I recommend a small credit union or online only bank, or a really local bank. Someone whose online fund transfers to other banks takes three whole business days, so you literally can't just instant transfer money from savings to your checking account to spur of the moment buy things. If you're afraid this defeats the point of an emergency savings fund in the case of, well, an emergency, set up a small checking account with a minimal amount at this bank too, and just set aside the debit card somewhere you won't frequently use because it won't have much money until you pull it from emergency savings and put it in the checking account.
Look for one with a high APY relative to having basically no deposit minimum (mine is like 3%) and no minimum deposit or monthly fees. The APY is basically when bank sometimes pays you money for not spending money. It will be like, cents at first. Change in the sofa cushions. But over time, it will be more. Don't worry about it. It's just surprise money for later. Not a lot, mind you. But you're a competitive winner and every cent they give you FREE is a success to zap your brain with dopamine. (Eventually if you have enough money you can do this by like, investing in shit or buying CDs and they just give you MORE MONEY. BUT!!! BABY STEPS.)
This is crucial: if you have some kind of direct deposit paycheck set up, see if you can SPLIT the direct deposit between multiple accounts. The company my job uses to pay people allows us to choose between depositing a fixed dollar amount to certain accounts (with "remainder of paycheck balance" being automatic for one account), OR depositing a percentage of my paycheck to certain accounts. (Percents of a paycheck tend to be higher to start). If you don't get paid this way, figure out a good date to set a recurring transfer from your checking to your savings for an amount so it won't sit in your spendy account long. The goal is to pretend like you just actually never had the savings money in that paycheck. Poof. Gone. Disappeared. It got saved before you became aware of the money.
Feel free to start with a small amount. It can be $5 or whatever. Once you start doing this for a few paychecks look at your money. If you're not genuinely struggling to stay afloat after 2-3 months and are still comfortable, try increasing the number a little. Repeat as needed.
Now you've saved money. 🎉
This is genuinely how I managed to save money more consistently than anything else I've ever tried. Savings money goes in the secret money account. 🤷🏽♀️ Incredibly silly but it works.
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Why Is Chase a Trusted Bank?
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Chase is over 200 years old. Many people see it as reliable. Its size also helps. Chase is one of the largest banks. Big banks often seem safe. For example, a friend of mine felt secure opening her first account. She said, “Chase feels stable.” People trust history and size.
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Branches are in many places.
Chase has thousands of branches. Their ATMs are everywhere. My cousin moved last year. She picked Chase for this reason. “I can always find an ATM,” she said. Access is key for trust. People feel better when banks are nearby.
Customer service matters too.
Chase helps when you need it. Their staff is polite and quick. For example, I lost my card once. Chase replaced it in two days. My neighbor had a fraud issue. Chase refunded her money fast. Good service makes people return.
In summary, Chase Bank earns trust. It has history, options, and convenience. Real-life stories prove its value. Many people feel safe banking with Chase. This trust helps it grow.
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How much time will it take to get the £1000 Short Term Loans UK Direct Lender?
We makes it easy and quick to apply for any kind of loan; you may quickly learn if you qualify in a matter of minutes. Subsequently, if your application is accepted and meets the requirements for a short term loans UK direct lender, we will attempt to deposit the funds into your bank account on the same day of approval. It could take up to five business days during peak periods.
With Payday Quid, applying for short term loans UK direct lender is quick and easy, and you may quickly learn if you qualify. The money could then be in your current account in a matter of hours if your application is accepted after undergoing the necessary verifications.
One item that everyone needs in their life is money. Nobody wants to have a financial catastrophe while moving through life. However, emergencies are uncontrollable and can arise in a variety of circumstances, such as when your car breaks down unexpectedly, your mother becomes ill, you have to pay off debt, and so on. At that point, you require extra cash assistance to cover these kinds of emergency bills. In the event that your loan application is turned down without a debit card, short term loans UK have shown to be an excellent source of additional funding for those who have fallen on hard times financially.
With short term loans UK, you are able to obtain an amount between £100 and £2,500; nevertheless, the amount that is offered is not secured by your assets. Your collateral won't be lost thanks to this kind of feature. Since they don't own a property, tenants and non-homeowners alike are welcome to take advantage of these financial services without hesitation and pay their bills on schedule. There is tight reimbursement with a short repayment period ranging from 14 to 30 days. Interest rates compared to regular loans could be a little higher at the specified fund.
The main benefit from short term loans direct lenders is that borrowers with poor credit histories—defaults, arrears, missed payments, foreclosure, CCJs, IVAs, or bankruptcy—can benefit from not having to worry about credit checks. In spite of the borrowers' dubious credit histories, the lender has consented to aid them as long as they meet the requirements before disbursing any funds. The customer must meet certain requirements in order to receive direct cash deposit: they must be over the age of 18, a resident of the UK, a full-time worker, and have an active bank account.
Same day loans are rapid and simple to obtain online, from the comfort of one's home or place of business. The advantage of applying for a same day loans UK is that all of the requirements are completed instantly, saving the consumer from having to complete time-consuming paperwork or faxing documents. All the customer needs to do is complete an easy, safe, and cost-free application form to provide the lender with the necessary loan details. The lender will then rapidly approve the funds and swiftly transfer the money into the designated bank account. Because of this, getting a loan during a financial crisis is never difficult for people.
https://paydayquid.co.uk/
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Before getting the £1000 Short Term Cash Loans, how long will it take?
You may quickly and easily apply for any type of loan with Classic Quid and find out in a matter of minutes if you qualify. After that, if you fulfill the requirements for short term cash loans approval and your application passes the necessary checks, we try to deposit the funds into your bank account on the same day that you are accepted. In peak periods, it could require up to five business days.
Have you ever been in a difficult financial situation? Looking for temporary assistance? If so, you should only apply for a short term cash loans. As the name implies, these are frequently made for those whose monthly expenses are met by their wages! If you find yourself short on funds between two consecutive paydays, these loans are an excellent option. You do not need to use a debit card to collect the required funds.
Borrowers who own homes and are tenants have no obstacles. The benefits of short term loans UK direct lender are most pleasant to them! However, you must be a resident of the UK and an adult over the age of 18 in order to submit a subsequent application for these financial products. Additionally, you must to have a steady work with a monthly salary of at least £750. In addition to meeting these requirements, you should be able to safely receive the funds deposited into your account by having an open checking account.
You can obtain quick cash through short term loans UK direct lender in the range of £100 to £1000, but you must repay the funds within 30 days. You must pay an interest rate that is somewhat higher due to the short-term borrowing. The greatest deal on these loans can be found from a number of lenders that are available online. Thus, it is advisable that you spend your time selecting the ideal lender.
The money you've obtained could go a long way toward helping you pay off a number of short-term obligations, such as minor vacation expenses, unpaid light, grocery, and phone bills, unpaid bank overdrafts, monthly loan installments, vehicle or computer repairs, and so forth.
You are not needed to submit to a credit check in order to borrow money with short term loans direct lenders in the UK. A sum is authorized based on the previously stated loan requirements! Therefore, in order to benefit from the money, bad credit concerns such as foreclosure, bankruptcy, arrears, CCJs, IVA, defaults, missed payments, etc. are also allowed.
When you need the short term loans UK immediately to pay your bills, there's no need to waste your valuable time. Taking financial support is just a few clicks away. You must provide the lender your information by filling out a brief application form. The lender will quickly send the funds directly into your bank account if he verifies that all of the entries are accurate. The fact that there are no documents you need to fax is the best news. It's also free of charge for you to use this service.
https://classicquid.co.uk/
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craft essay a day #10
i can't believe my highlighter ran out of ink. anyway, back to the sweet safety of a beginner essay.
“Research in Fiction” by Angela Barrett, The Writer’s Notebook II: Craft Essays from Tin House
beginner | intermediate | advanced | masterclass
filed under: process, research, meaning making
summary
Barrett begins the essay by recounting a situation she seems to think is widely experienced but has never once happened to me: falling so far down a well of research for a story that you lose sight of the project and/or fill the story with all the research you learned, neglecting the characters.
but i do know there are plenty of writers out there who basically live in research wells so i definitely get what she's saying.
"I hate how dangerous research can be for our work. It's always easier, and often more fun, to dive into books and photos and the shark-filled depths of the online world than to write."
again, i do not find research easier than writing. i would always rather be writing than researching. so, this essay is probably not for me, although i would love to read an essay whose point is "maybe at least read the wikipedia article? you fool?"
the very big point she is making (and a great point it is) is that when you research for fiction, you're not invoking the facts of a time or place or trade, but translating those facts into a lived experience that will shape and affect your characters.
"What is the research for? Think about it like this: research is simply a way of understanding what our characters understand."
she goes on to point out that Tolstoy started writing War and Peace when he was thirty-five. today, many of us assume he was writing about his own time, but actually he was writing from several decades later. Barrett points out that for those of us around his age, it would be like writing about World War II.
she concludes with an amendment to writing what you know:
"A more generous, more useful interpretation of the phrase ['write what you know'] is that we should write about what we know, however we come to know it, whether by vision or sensual experience or reading or conversation or passionate imagining."
why did the editor bother keeping the Johnston essay, when Barrett more or less said what he was trying to say in a single paragraph, and more cogently?
my thoughts
when it comes to research for fiction, the most helpful thing i can suggest is developing the skill to name what you don't yet know, but know could be known.
let's take banking, for example. because i worked at a bank for ten years, i know a lot about finance and therefore i know what kinds of conflicts can develop for characters in that setting, and how it might inform their perspectives or identities or choices. i know things that can't be researched because trade secret agreements keep anyone from writing nonfiction on the inner workings of a financial institution.
because i know banking so well, i can apply the framework of my knowledge to other topics and use that framework to begin my research.
for example:
at the bank, every morning i had to run the daily insufficient funds report. the NSF report exists to decide whether or not the bank will pay or bounce checks for funds that aren't available in someone's account. hence, insufficient funds report. when you write a check and you don't have enough money in your account to pay it, a real human person decides what to do about it.
twenty bucks? not a problem. you pay it, you move on. but i was in business and that meant i was paying sometimes thousands of payroll checks for a company that didn't have the funds to pay them. paying insufficient funds means giving the customer a line of credit that has no promissory note or collateral to secure it, which means there's no guarantee the bank will get back its funds.
and yet, if i don't pay it, thousands of people won't get their paycheck.
that's an external conflict that can only happen in this setting, with internal repercussions and potentially personal consequences for your character. (in reality, i had to obtain a lot of approvals, but that's less of an interesting conflict; fictionalizing means fudging things sometimes for the sake of being interesting.)
this has other implications, too. when you make a debit card transaction, for example, the process of the bank choosing to pay or not pay must happen automatically, without a real human person making that decision. before 2013ish, most banks had a policy that debit card transactions would always be paid, regardless of how much money was in the account.
this was a perfect storm: customers could either overdraw their account and accumulate a massive number of fees ($38 at the time for a single overdraw, even one penny over), or they could open an overdraft line of credit. most people don't have good enough credit to open an overdraft line of credit, which meant people had to overdraft. a few banks had the courtesy of allowing you to dip into your savings for overdrafting. but not many.
and banks could say this was a good thing: you'll never get your card declined! we'll pay any purchase! (evil laughter)
then during the Obama administration, somebody finally decided that was super shitty and developed Reg E which forced banks to allow customers to opt in or out of overdrafting on debit card transactions. so finally you could go into a bank and say, "i want to opt out of overdraft," which means that on one hand, if you don't have the funds in your account, your card will get declined, potentially leaving you in a bad situation with whatever you're trying to purchase; but you'll never have to pay $38 for overdrawing your account by a nickel.
whew. okay. so here, as myself, i have an annoying daily situation which has greater historical and social context. and as a researcher writing about, say, a mechanic, i can begin my research by asking, what's a mechanic's equivalent NSF report? what's the annoying thing they have to do every morning when they clock in? and maybe also, what's something they have to do that has greater personal, social, and maybe political consequences? a mechanic works on your car, and that means your safety as a driver is in their hands. that means there are regulations to consider, the history of the safety of motor vehicles and the ways cars have changed. how do all those much bigger things influence the work of your character? are they the type of mechanic who keeps that in mind, or maybe they used to but they're only going through the motions, allowing for the potential for error and therefore danger? or do they just not give a shit about that kind of thing?
i once gave a writer feedback on their story about a clown. and my question was, but what about the clown's clown friends? the writer didn't know what to say to that. i said, well i know clowns are very much about community. clowns are generally pretty proud of being clowns. so this clown would likely be affected by his status in the community of clowns in his area. he would either be in his community, and that would create a certain conflict; or he'd be an outsider of his community, and that would create a different conflict. but the point is, you the writer acknowledge an understanding of the greater life of clowns.
Barrett assumes an approach: a writer does research and then applies that research to the experience of their characters. i'm suggesting an alternative: a writer begins with the consideration of their characters and tailors their research to that experience.
good research begins with the understanding that the foundation of the human experience is that we are inwardly affected by our outward reality, and by acknowledging that, you can develop a framework in which to fill in the gaps of your knowledge by targeting what you know you don't know.
or, to put it more simply, you can always begin research with one question: what's the most annoying part of your character's day?
craft essay a day tag | cross-posted on AO3 | ask me something
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Pay Once You Go Phones Enjoy Communication Round Time
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Let's face it, paying bills is one of these things existence we can't dodge. It's really no fun, and that takes lots of time, but got end up being done steer clear of future stress. Even though we can't not pay bills doesn't mean it ought to be dreaded.
Late payment fees are costly - Typical late payment fees on credit cards can now top $39. If would you your unsecured debt late, it's like throwing $39 out the window.
Internet has developed into a part and parcel one's lives. We cannot even think of a day without the use of internet. Online connections are readily obtainable these days. Lots of mobile broadband companies have some easy deal.
Export Information - With online banking it makes tracking your money even more straight forward. With the mouse click your bookkeeper can now download transactions right in to the financial software.
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Once you're registered can certainly view your account statements online, make bill pay online payments, transfer funds or pay many online. All the things and more with extra convenience to be able to conduct this at any time on the bill pay online day, each day of all four.
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Finding the Right Loan: A Guide to Loan Options and Choosing the Best Fit for You
Introduction
Finding the right loan product to fit your needs can be a challenging process. With so many options like personal loans, home loans, and business loans, how do you know which is best suited for you? In this post, we'll provide an overview of the major loan products available and factors to consider when choosing one, as well as how Loans Mantri can help simplify the loan application process.
Loans Mantri is an online loan marketplace that partners with over 30 top financial institutions in India including names like HDFC Bank, ICICI Bank, and Axis Bank. No matter what type of loan you need, Loans Mantri aims to provide customized options and a seamless application experience through their digital platform.
Whether you need funds for personal expenses, purchasing real estate, business financing or any other purpose, Loans Mantri can match you with the ideal lending product for your requirements from their network. Their online eligibility calculators and tools remove the guesswork from determining what loans you can qualify for based on your income, credit score and other details.
This post will walk through the key loan products offered through Loans Mantri and outline the most important points to factor in when deciding which option works for your financial situation. We'll also provide tips on how to apply and what to expect when going through Loans Mantri for your financing needs. Let's get started!
Types of Loans Available
Here are some of the major loan products offered through Loans Mantri's platform:
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Home Loans - Also called mortgage loans, these are for purchasing, constructing or renovating a residential property. Home loans offer extended repayment tenures of up to 30 years and relatively lower interest rates. The property becomes collateral against the loan amount.
Business Loans - Loans Mantri offers financing for a wide range of business needs like working capital, equipment purchases, commercial vehicle loans, construction requirements and more. Loan amounts can be from ₹10 lakhs to multiple crores.
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Other Loan Products - Loans Mantri also facilitates other lending options like credit cards, line of credit, gold loans, insurance financing, merchant cash advance for businesses etc. as per eligibility.
Factors to Consider When Choosing a Loan
When looking at the various loan options, here are some key factors to take into account:
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- Your repayment capacity based on income and expenses
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- Prepayment and foreclosure charges, if any
Evaluating these parameters will help identify the loan that Aligns to your financial situation. Loansmantri's online tools also help estimate factors like eligibility amounts, EMIs, interest rates etc. to simplify decision making.
Applying for a Loan on Loans Mantri
The application process with Loans Mantri is quick, transparent and fully digital:
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- Compare personalized loan quotes from multiple partner banks and NBFCs.
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Conclusion
Loans Mantri aims to be a one-stop platform for all your lending needs. Their intuitive tools and partnerships with leading financial institutions help identify and apply for the ideal loan product for any purpose. Consider your requirements carefully and evaluate all options before choosing the right loan for your financial situation. With Loans Mantri, the entire process from application to disbursal can be completed digitally for an easier financing experience.
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Accepting Electronic Checks in Your Small Business: A Comprehensive Guide
Introduction:
In the ever-evolving landscape of business and finance, staying adaptable and responsive to emerging payment trends is crucial for the success of small businesses. One such trend that has gained traction and offers an array of benefits is the acceptance of electronic checks, commonly referred to as eChecks. If you're a small business owner looking to broaden your horizons and enhance your payment options, this comprehensive guide is here to demystify eChecks, providing insights into what they are and, most importantly, how to seamlessly integrate them into your business operations.
What is an eCheck?
An electronic check, or eCheck, is a digital version of a traditional paper check. It enables businesses and customers to conduct transactions electronically, making it a convenient and cost-effective payment method. Instead of writing a physical check, the payer enters their banking information online, and the funds are transferred directly from their bank account to the recipient's account.
Why Accept eChecks?
Cost-Effective: eChecks are often cheaper than credit card transactions because they have lower processing fees, making them an attractive option for small businesses.
Reduced Fraud Risk: Electronic checks are more secure than paper checks as they involve encryption and authentication processes, minimizing the risk of fraud.
Faster Settlement: eChecks typically clear faster than paper checks, improving your cash flow.
Convenience: eChecks are convenient for both you and your customers, as they can be processed online, reducing the need for physical paperwork.
How to Accept eChecks in Your Small Business:
Now that you understand the benefits of accepting eChecks, let's explore how to implement this payment method in your small business.
1. Choose an eCheck Service Provider:
Start by researching eCheck service providers. Look for companies that offer competitive pricing, robust security features, and user-friendly interfaces. Some popular eCheck service providers include:
Compare the fees, features, and compatibility with your existing systems to make an informed choice.
2. Set Up Your Business Account:
Once you've selected an eCheck service provider, create a business account. You'll need to provide your business information, banking details, and contact information.
3. Integrate eCheck Payment:
Depending on your chosen provider, you may need to integrate eCheck payment into your website or point-of-sale system. Many providers offer plugins or APIs to facilitate this integration. Ensure that the payment process is user-friendly and straightforward for your customers.
4. Educate Your Customers:
Inform your customers that you now accept eChecks as a payment option. Include this information on your website, invoices, and any other customer-facing materials. Provide clear instructions on how they can make payments using eChecks.
5. Test the Process:
Before fully launching eCheck payments, conduct a few test transactions to ensure everything is functioning correctly. Verify that funds are deposited into your business account as expected.
6. Monitor Transactions:
Regularly monitor your eCheck transactions and reconcile them with your accounting records. This will help you stay on top of your finances and quickly identify any discrepancies.
7. Maintain Security:
Security is paramount when dealing with electronic payments. Ensure that your eCheck service provider has robust security measures in place to protect sensitive customer data and financial information.
8. Provide Excellent Customer Support:
Offer reliable customer support for any payment-related inquiries or issues. Promptly address customer concerns to build trust and confidence in your eCheck payment process.
Conclusion:
Embracing eChecks as a payment option in your small business can enhance your payment processing capabilities, reduce costs, and improve customer satisfaction. By following these steps and choosing a reputable eCheck service provider, you can seamlessly integrate eCheck payments into your business operations and provide added convenience to your customers. Stay up to date with the latest payment
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$200 Emergency Loans Online. Request with Bad Credit, Fast Approval
If you find yourself in need of a $200 loan today, you've come to the right place. Payday loans for $200 are quite common, and they generally have lower fees compared to larger loans. This loan amount can provide you with the necessary funds to cover unexpected expenses, and the money can be deposited directly into your bank account.
While it's important to note that claims of "instant approval" for a $200 loan are not entirely accurate, fast approvals are possible. Typically, you can expect a decision on your loan request in less than two minutes after it is received. It's worth mentioning that not all applicants are approved, but we have an 80% success rate when referring loan requests to our extensive network of lenders.
If you are currently facing a financial crisis and require immediate funds, a $200 loan can be helpful, even if you have bad credit. Payday lenders are generally willing to approve loan requests without conducting a thorough credit check, and you can receive the money within one business day.
Before proceeding with a $200 payday loan, it's crucial to carefully consider the reason for borrowing and develop a plan for repayment. Additionally, it's important to thoroughly review all the terms and conditions outlined in the loan agreement before signing and submitting it. Furthermore, familiarize yourself with the payday loan regulations specific to your state to ensure compliance with the law.
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