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Does Wells Fargo Offer Personal Loans for Borrowers with Bad Credit

Wells Fargo allows you to obtain a secured loan by using your Wells Fargo Time Account (CD) as collateral. The Wells Fargo secured loan is ideal for people with bad credit and cannot get their loan applications approved by other banks. The amount of loan will be similar to the amount of deposit in the collateral account. For example, if you want to obtain a loan of $20,000, there must be at least $21,000 in the account. Once you are approved, you can expect to have access to the funds within 1 business day. The savings in your Wells Fargo CD account will continue to accumulate interest. It also help to prevent you from withdrawing the savings early so that you get charged with a penalty fee.

The interest rate is calculated based on several factors including the loan amount and credit score. If you want to get an estimate on how much interest rate you will be charged, you should use the rate and payment calculator. You can get discounts on the interest rate if you already have other types of accounts with Wells Fargo. For example, if you have a PMA Package account, you can enjoy a discount of 0.50%.

Because the interest rate is fixed, you will know the amount that you are expected to pay every month. Wells Fargo Time Account (CD) allows you to take out a loan in between $3,000 – $250,000. the loan amount is determined by several factors including location of your residence, and collateral type. The loan term is determined by the amount that you borrow and it usually range from 1 – 5 years. There is an origination fee of $75 that you have to pay. Wells Fargo secured loan is only worthwhile for those who have a big savings in their CD account.

You must have an existing checking or savings account with Wells Fargo in order to apply online. Otherwise, you will have to go to your nearest branch of Wells Fargo bank to apply for the secured personal loan. While at the local branch, you must obtain the correct application form and fill in your basic information. You must provide accurate information in the application form as Wells Fargo will be carrying out the investigation to confirm the details provided.

You will have to submit a few documents along with the application such as pay slip, income tax return, photo ID and utility bill. You can visit the Wells Fargo site to see the full checklist of documents that you need to bring to submit along with the secured loan application. They can let you know the outcome of your loan application within less than 30 minutes. It is also possible to obtain the funds for the unsecured loans within the same day.

Does Wells Fargo Offer Personal Loans for Borrowers with Bad Credit Wells Fargo allows you to obtain a secured loan by using your Wells Fargo Time Account (CD) as collateral. The Wells Fargo secured loan is ideal for people with bad credit and cannot get their loan applications approved by other banks. The amount of loan will be similar to the amount of deposit in the collateral account. For example, if you want to obtain a loan of $20,000, there must be at least $21,000 in the account. Once you are approved, you can expect to have access to the funds within 1 business day. The savings in your Wells Fargo CD account will continue to accumulate interest. It also help to prevent you from withdrawing the savings early so that you get charged with a penalty fee. The interest rate is calculated based on several factors including the loan amount and credit score. If you want to get an estimate on how much interest rate you will be charged, you should use the rate and payment calculator. You can get discounts on the interest rate if you already have other types of accounts with Wells Fargo. For example, if you have a PMA Package account, you can enjoy a discount of 0.50%. Because the interest rate is fixed, you will know the amount that you are expected to pay every month. Wells Fargo Time Account (CD) allows you to take out a loan in between $3,000 – $250,000. the loan amount is determined by several factors including location of your residence, and collateral type. The loan term is determined by the amount that you borrow and it usually range from 1 – 5 years. There is an origination fee of $75 that you have to pay. Wells Fargo secured loan is only worthwhile for those who have a big savings in their CD account. You must have an existing checking or savings account with Wells Fargo in order to apply online. Otherwise, you will have to go to your nearest branch of Wells Fargo bank to apply for the secured personal loan. While at the local branch, you must obtain the correct application form and fill in your basic information. You must provide accurate information in the application form as Wells Fargo will be carrying out the investigation to confirm the details provided. You will have to submit a few documents along with the application such as pay slip, income tax return, photo ID and utility bill. You can visit the Wells Fargo site to see the full checklist of documents that you need to bring to submit along with the secured loan application. They can let you know the outcome of your loan application within less than 30 minutes. It is also possible to obtain the funds for the unsecured loans within the same day.

Does Wells Fargo Offer Personal Loans for Borrowers with Bad Credit

Wells Fargo allows you to obtain a secured loan by using your Wells Fargo Time Account (CD) as collateral. The Wells Fargo secured loan is ideal for people with bad credit and cannot get their loan applications approved by other banks. The amount of loan will be similar to the amount of deposit in the collateral account. For example, if you want to obtain a loan of $20,000, there must be at least $21,000 in the account. Once you are approved, you can expect to have access to the funds within 1 business day. The savings in your Wells Fargo CD account will continue to accumulate interest. It also help to prevent you from withdrawing the savings early so that you get charged with a penalty fee.

The interest rate is calculated based on several factors including the loan amount and credit score. If you want to get an estimate on how much interest rate you will be charged, you should use the rate and payment calculator. You can get discounts on the interest rate if you already have other types of accounts with Wells Fargo. For example, if you have a PMA Package account, you can enjoy a discount of 0.50%.

Because the interest rate is fixed, you will know the amount that you are expected to pay every month. Wells Fargo Time Account (CD) allows you to take out a loan in between $3,000 – $250,000. the loan amount is determined by several factors including location of your residence, and collateral type. The loan term is determined by the amount that you borrow and it usually range from 1 – 5 years. There is an origination fee of $75 that you have to pay. Wells Fargo secured loan is only worthwhile for those who have a big savings in their CD account.

You must have an existing checking or savings account with Wells Fargo in order to apply online. Otherwise, you will have to go to your nearest branch of Wells Fargo bank to apply for the secured personal loan. While at the local branch, you must obtain the correct application form and fill in your basic information. You must provide accurate information in the application form as Wells Fargo will be carrying out the investigation to confirm the details provided.

You will have to submit a few documents along with the application such as pay slip, income tax return, photo ID and utility bill. You can visit the Wells Fargo site to see the full checklist of documents that you need to bring to submit along with the secured loan application. They can let you know the outcome of your loan application within less than 30 minutes. It is also possible to obtain the funds for the unsecured loans within the same day.

Why Whole Foods wants to change the way people buy fruits and vegetables

By Roberto A. Ferdman

These apples are the best. (Ha Lam/AP Photo)

These apples are the best. (Ha Lam/AP Photo)

Whole Foods’ new produce rating system is about transparency, sure. But let’s be clear: it’s also about marketing.

The program, which is called “Responsibly Grown” and was announced on Wednesday, will rate fruits, vegetables, and flowers “good,” “better,” and “best” based on suppliers’ farming practices. It’s meant to empower consumers with more information about the relative environmental impact of the tomatoes, avocados, and other organic goodies available at its stores, according to the company. And it will — shoppers purchasing produce will encounter a good deal more information about the difference between two otherwise indistinguishable fruits or vegetables. The rankings will speak to everything from air, energy, and climate impact, to waste reduction, water usage, and preservation of ecosystems and biodiversity (with a focus on dwindling bee populations).

Here’s the full list of qualifications Whole Foods has delineated for each ranking:

Whole foods

The move is consistent with other programs Whole Foods already operates that promote transparency, including a rating system for meat, which is based on animal welfare, and another for seafood, which is based on sustainability.

But it’s also borne from a growing need to distinguish the high-end supermarket from a quickly expanding pool of competitors, including the likes of Walmart, that allows consumers to buy eco-friendly foods at cheaperprices. So far this year, the company’s stock has dropped more than 35 percent, despite consistently impressive earnings.

Like any luxury brand, Whole Foods has to figure out how to balance the exclusiveness of its brand with its desire to expand. Earlier this year in an earnings call, co-CEO Walter Robb said the company was adding “high-grade conventional offerings” in addition to its organic food to give customers …read more

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The Pros and Cons of Debt Consolidation Loans From Real Lenders

Advertisements abound for getting out of debt, or lowering your monthly payments. Debt consolidation ads can promise the world, and some are quite outlandish, making rather remarkable claims. The truth about debt consolidation is that yes you will eliminate debt, but not right away, as the act of debt consolidation involves by its very nature making new debt. With debt consolidation you take your existing debts and roll them into a new loan to pay off the older loans. This can put the unwary in even worse financial straits afterwards. Care must be taken to examine the new loan contract and to make sure you can meet the monthly payment terms, else you simply end up owing more than you did before the debt consolidation loan. These loans are designed to make the lender money, so yes you will be increasing your overall debt.

These loans can work for you however if you can budget yourself to meet the monthly payments and incur no new debt in the meantime.
If the loan does indeed have lower interest rates and the lifetime of the loan as close to the original debts, meaning you do not have to make payments for much longer than you would have with the original debts, a debt consolidation loan may indeed be the answer your looking for. if a debt consolidation loan is entered into cautiously, debt consolidation can greatly help you regain control of your finances. The key to it is obtaining favorable interest rates, a monthly payment amount you can handle, with the least amount of time required to pay off the debt in total. The longer the loan, the more cash you will pay out in the long run. It is best to tighten down expenses and go for a loan with a shorter duration, but a higher monthly payment then to stretch the debt out longer than necessary, for example your current debts might be 1150.00 per month for a period of 4 years,totaling $55,200.00 over the life of the debt, and your debt consolidation loan might be 600.00 dollars per month, but for a period of 10 years, totaling $78,000.00 in total, which is $22,800.00 more than originally owed. Before taking out any debt consolation loan you need to factor in these facts to decide if it is worth it overall, or shop around for a better debt consolidation loan, as not all debt consolidation loans are equal.

When it comes to the actual debt consolation you have quite a few choices. You can do a balance transfer if your debts are mainly credit card debt. A balance transfer can be advantageous if you find a card with a zero percent introductory APR of 2 months or more, and zero balance transfer fee. Finding a card with a zero balance transfer fee is not as easy however as finding a card with an introductory zero percent APR on balance transfers. You can use a bank or a finance company to take out a debt consolation loan, but I would recommend talking to your local credit union. Your local credit union will have better interest rates, and as a plus credit unions are often willing to work with those of less than perfect credit, especially if someone is trying to repair their credit and consolidate their loans into one easy loan. Banks and finance companies are for profit, while a credit union is not, and credit unions have lower operating expenses, and these savings get passed onto the credit union members in the form of lower interest rates on loans.

Changing ones spending habits is vital, but so is another key to getting out of debt, one that many Americans fail to grasp. The second key to getting out of debt is to save some excess income in some form of savings or an investment. A good rule of the thumb if you own a house for example is to save taking 1.5% of the homes value per year into an account. You should also set aside 20% going straight to savings. If you apply the 50/30/20 rule this can greatly help you avoid debt. The 50/30/20 rule is simple, you take your income and apply half or 50% to fixed and essential expenses, the expenses you need to live. Then you allot 30% for discretionary spending such as dinners out and entertainment, and the last 20% going into savings. These savings can be called upon in times of need, in many cases saving one the need to ever take out a loan in the first place.

How To Find Short Term Loans With A Previous Bankruptcy

The burden that bankruptcy can place on an individual can be a heavy one and when a person tries to apply for something such as short-term loan they may often find themselves getting turned away. However, this may not always be the case if a person knows how to properly set their information up. A person can find short term loan with a previous bankruptcy by making sure that their bankruptcy has been removed with proof, knowing how much they can afford, talking to a loan officer, paying any bills that they have on time and reviewing their credit scores.

A short term loan can be retrieved from many different institutions but no matter which one a person may choose they will have a hard time trying to obtain said loan if their bankruptcy hasn’t been discharged yet. If they have the proof through paperwork that their bankruptcy has been discharged it will allow them to get their foot in the door.

Before a person gets their foot in the door it does pay to know how much they can actually afford when getting these types of loans. This involves carefully noting how much can be borrowed and paid back. Other things that should be taken into consideration include knowing how much it will cost to pay back the short term loan monthly and to always underestimate a short-term loan and never overestimate.

Applying for a short-term does require accurate planning and information, so it doesn’t hurt to talk to a loan officer before hand to get as much information as possible. Doing such gives a person a better understanding of what some lending institutions will most likely require in terms of paperwork.

It should be taken into consideration that people need to know that any bills that they currently have are paid on time. This is part of the credit building process and will shine a light on a person looking to borrow from any lending institution. Having proof that they pay their current bills on time will get their foot in the door just as quick also.

During the time a person is rebuilding their credit they should continue to monitor their credit report. This should be done before a person even tries to apply for a short-term loan because it serves as proof that a person’s bankruptcy has been discharged effectively.

Short-term loans can be obtained from many different places including banks, credit unions and even payday loan institutions, but before one can actually apply for these types of loans, they must ensure that the proper steps have been taken to allow them a better chance of getting one.

Tips To Help You Achieve Your 2014 Finance Goals

Whatever financial goals you may have for the year 2014, you will in all likelihood need to save money in order to achieve them. Here are the basic methods you have to apply in order to accumulate considerable savings for the coming year.
Supplement Your Income

With the economic climate as it is, you probably wish you had more sources of income than you currently have. A lot of people these days are actually working two jobs, although the employment landscape in many areas may make it difficult for some to have even just a single job.

However, there’s a way to easily supplement your income, and that is to sell some of your stuff you don’t really use or need. Take stock of what you own, and determine which of them you can live without. You can have a yard sale in your area, or you can go online and offer them for sale or for auction. Either way, you get rid of unnecessary stuff, gain some extra space in your home, and gain extra money.

Reduce Your Debt

Getting out of doubt is another effective way of amassing savings, because you have to pay interest for the balance of your debts. It may be best to pay more than the minimum payments required of you each month, and you should also consider transferring your debts to lenders or credit card companies offering lower interest rates. In the meantime, stop racking up more debts if you don’t have to. Your credit card is not a license for you to buy stuff you can’t really afford so use them only for emergencies.

Stop spending unnecessarily

You need to see the difference between stuff you would like or are “nice”, versus things you really need. Take stock of all your expenses, and categorize each one. You can save a lot of money by formulating a stricter definition of the word necessity, and foregoing all the rest of your normal expenses—which are, strictly speaking, luxuries.

For this step to work, you will have to develop some type of self-discipline. Make a list every time you go to the grocery or to the mall for everything you need to purchase; this should prevent you from making impulse purchases. If you see anything that isn’t on your list, don’t buy it.

Another unnecessary expense is when you pay more than you have to for a product. Try to apply for any discounts whenever you can, and go online and search for websites which offer significant price reduction for the items that you need to buy. Be warned, however, that discounts can be very dangerous—you may be tempted to avail of discounts for items you don’t really need. Again first check your list to see if an item is something that you need to buy. Then you can avail of discounts.

Brought to you by the finance team from installments loan lender, a leading authority on consumer financing and short term loans.