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Here’s What You Can’t Use A Personal Loan To Pay For
Select’s editorial team works independently to review financial products and write articles we think our readers will find useful. We may receive a commission when you click on links for products from our affiliate partners. When it comes to paying for large expenses like a costly home repair or a funeral, it can be tough to come up with all the money you’ll need to cover the bill — especially if your emergency fund can only get you so far. That’s where personal loans can come in. The money you borrow gets repaid to the lender in smaller, fixed monthly
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Here’s what a personal loan will cost you now, based on your credit score
Getty Images For those with excellent credit, the average personal loan APR for the week beginning October 25th dipped to 13.19% for a three-year loan (they were 13.47% a week prior), and 13.93% for a five-year loan (14.29% a week prior), according to data released Monday from Bankrate. And you might get a far lower rate than average, as a number of issuers are offering rates starting at around 5%, for qualified borrowers. But for those with just fair credit, APRs go up significantly, hitting 26.51% for a three-year loan and 26.91% for a five-year loan. (You can view
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Here’s what is driving up auto insurance costs, and how to keep yours low
Auto insurance costs are rising as fatal accidents increase. Here’s how you can save. (iStock) The average cost of car insurance in 2021 has been driven up by a variety of factors, but there are steps you can take to keep expenses for your insurance policy low. A rise in accident frequency and severity, as well as supply challenges amid higher demand for vehicles and parts, have accelerated the cost increase, according to a new white paper from the American Property Casualty Insurance Association (APCIA). “This new study highlights recent trends in the U.S. auto insurance market that
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Email marketing is bigger than ever, so here’s how your small business should do it
Email is a critical marketing tool. Research firm Statistica reports that, in 2020, about 306 billion emails were sent and received every day worldwide, and this figure is projected to increase to more than 376 billion daily emails within the next few years. That should not surprise anyone running a small business. According to recent research from Campaign Monitor, an email marketing platform, 64% of small businesses use email marketing to reach customers. Unfortunately, there is still a great deal of confusion among small-businesses owners about how to best deploy email marketing. For starters, you don’t want to send hundreds
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Here’s How Much a Speeding Ticket Affects Insurance Premiums
Speeding can increase the chances of an auto accident because it takes longer for a motorist to stop the vehicle when the car is going faster. It’s also harder for motorists to control the vehicle or to see obstacles in their path in time to swerve if they are going faster. And when a driver speeds, the added force of the car is more likely to cause an accident to be serious if it occurs. Because speeding is so dangerous, auto insurance companies view it as much more risky to insure a motorist known to drive too fast. Because of
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Here’s a look at business news from around the Mahoning Valley
Also among today’s business updates: ONE Health Ohio; Napa Grocery; CSL Plasma; Truth Fashion Boutique; Akron Children’s Hospital; and Ohio Small Business Development Center at YSU. NILES — The Cafaro Co. is inviting accounting students to its Night at the Scrappers event, an evening of “fun, food, baseball and good conversation” at Eastwood Field on Tuesday. There will be a picnic and meet and greet at 5:30 p.m. The game starts at 7:05 p.m. To learn more about upcoming internships and full-time accounting and tax opportunities, RSVP to Cafaro’s Human Resources Department at 330-747-2661, ext. 142. ONE Health Ohio to
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Freddie Mac launches new home renovation mortgage, here’s how to get one
Freddie Mac announced a new loan product to help homeowners and homebuyers pay for home renovations. (iStock) Freddie Mac on Thursday introduced its new mortgage product, the CHOICEReno eXPress mortgage, which will allow homebuyers and homeowners to pay for home renovations by funding the project through their mortgage purchase or refinance. Freddie Mac said this will save homebuyers and homeowners time and money, and give them the funds they need for home renovations at low cost with no extra fees and interest rates that mirror mortgage interest rates, which are currently at historic lows. The loan is
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Should you subscribe to India Pesticides IPO? Here’s what analysts say
India Pesticides’ Rs 800 crore initial public offer (IPO) will open for subscription on Wednesday. The IPO by one of the leading Indian agrochemical manufactures is priced in the range of Rs 290-296 per share, wherein the firm is looking to raise Rs 100 crore by fresh issue of shares of Rs 700 crore by the way of offer for sale (OFS). The IPO, analysts say, is priced at 25.3 times FY21 earnings, which looks to be attractive compared to the industry’s average multiple of 47 times. Its listed peers like Dhanuka Agritech, Bharat Rasayan
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