5 Best Money Market Accounts you Must Try in 2022

It seems that everyone is on the lookout for the Money Market Account rates in order to maximize their earnings. This is because more and more people are now working hard in order to save as much money as possible so as to secure their family’s future.

Money market accounts are one of the best places to save money if you want to earn a higher interest. However, like many other things, there are tons of options out there and it is hard to decide which one is best for you. In this article, I will walk you through my five favorites in 2022.

What Are The Benefits Of Money Market Accounts?

Before we start with the list of accounts, let’s understand what a money market account is. It’s a type of savings account that requires you to keep a minimum balance in your account and offers a higher interest rate than traditional savings accounts. Money market accounts usually aren’t insured by the Federal Deposit Insurance Corporation (FDIC) but are often covered by the National Credit Union Administration (NCUA), which is just as good.

There are three major benefits that come with money market accounts:

1. Higher Interest Rates – Money market accounts offer higher interest rates than traditional savings accounts. The median rate for money market accounts currently sits at 0.09%, whereas the average rate for savings accounts is 0.04%. While this may not seem like much, it can add up over time if you have a significant amount of cash in your account, especially when compound interest is taken into consideration.

2. Liquidity – You can withdraw money from your account at any time – even if it means closing out your entire balance. In fact, most banks will allow you to use your debit card and make withdrawals through ATMs as long as you keep enough money in your account to cover them.

3. Minimum Balance – The minimum balance required for these types of accounts is usually quite low – often just $100.

5 Best Money Market Accounts In 2022

1. Best Of Best: Patelco Credit Union

Patelco Credit Union is a popular and reliable credit union that offers a range of financial products and services to its members. The institution has an excellent reputation for being trustworthy and helpful to its customers.

They have an extensive list of products that you can choose from and the rates are great. The best part about them is that they offer the lowest rates on their highest interest rates. If you are looking for a good way to save some extra money, then Patelco Credit Union is definitely one of the best places to start your search.

The first thing to do when looking for a money market account at Patelco Credit Union is to visit their website. Here you will find all of the information that you need to know about their services and how much they charge for their services.

You should also take the time to read through all of their terms and conditions so that you know exactly what you are getting yourself into before signing up with them. This will ensure that you don’t get any surprises later down the road when it comes time to withdraw your funds.

After finding out all of the information that you need, then it’s time to decide if this is a place where you want to open an account with or not.

2. Best for Debit Card Users: Axos Bank

If you are looking for the best money market account, Axos Bank should be your first choice. Why? It is because Axos Bank has a history of offering one of the best rates that can beat most other banks. With Axos Bank, you will enjoy the ease of online banking, no monthly fees, and low minimum balance requirements. Moreover, Axos Bank also offers great customer service.

The bank has more than a decade of experience in the banking industry. As such, it commands one of the best rates for its money market account (MMA).

The Axos Money Market Account is an effective tool for building your savings. It combines a high annual percentage yield (APY) with a solid feature set. For example, this account comes with check-writing privileges and gives you access to an ATM debit card for withdrawals. You can use these features to make purchases or pay bills.

Furthermore, this MMA boasts no monthly maintenance fees and no minimum opening deposit requirements. This gives you the flexibility to open an account with any amount you have on hand or need to save up until you have enough to start.

Additionally, if you have at least $1 in your account at all times, Axos Bank waives the monthly service fee. The bank also reimburses up to $10 per statement period in ATM fees charged by other institutions when you use your debit card to withdraw cash from their machines.

3. Best for High Balances: Prime Alliance Bank

Prime Alliance Bank is one of the best money market accounts that you can try in 2022. Prime Alliance offers up to 1.45% APY and a free debit card. They also offer customers no minimum balance, no monthly service fees, and no overdraft fees. There are also no early withdrawal penalties.

The money market account has a minimum deposit of $1000 and requires you to have a valid US ID or driver’s license to open an account. You can open an account through any bank branch or online.

Prime Alliance Bank offers excellent money market accounts with great features and benefits. In the last few years, the company has been able to deliver exceptional services to its clients. As an investor, you will be able to enjoy a lot of rewards when you invest your money with this company.

When you open an account with Prime Alliance Bank, you will earn a higher rate of return compared to other banks. Compared to other banks, this company pays more interest on your investments.

4. Best for huge Flexibility: Ally Bank

Ally Bank is one of the most well-known online banks. Ally Bank has a high-interest rate on its money market accounts compared with other banks. This bank also offers a competitive interest rate of 0.05%. It is higher than the national average, which is only 0.03%. If you want to open an account at this bank, there are several things you should know first.

Ally Bank offers a high-yield savings account and an IRA money market account, which are two different options that can help you make more money from your savings. Both accounts offer higher interest rates than traditional savings accounts, but there are some differences between them.

The main one is that you can’t earn interest on your IRA money market account until you reach retirement age. This makes it a good option if you want to save for retirement but don’t want to worry about how much money will be available when you get there.

5. Best for Frequent Transactions: Synchrony Bank

Synchrony Bank is one of the best online banks you can find today. With a high-interest rate and a low minimum balance, this savings account is one of the best money market accounts in the country. The bank offers free online and mobile banking, ATM access, and 24/7 customer service. With its many benefits, it’s easy to see why Synchrony Bank has become a popular choice for those looking to save.

The bank is known for high-yield savings accounts and basic checking accounts. But many people do not know that it also has an excellent high-yield money market account. This article will give you an overview of what this kind of account is and its features.

The key features of Synchrony Bank’s Money Market Account: High yield – Annual percentage yield (APY) of 0.40% Minimum balance requirement – $0 Monthly maintenance fee – $0.

Bottom Line

Only time will tell if the above options are indeed the best money market accounts in 2022. But for now, you still have plenty of great options to choose from, so don’t be afraid to compare and look for what’s best for your individual financial situation. Hopefully, this list has helped you find your next money market account.

Your Absolute Guide to the get the Best Car Insurance

Are you looking to buy the best car insurance for your car?

If yes then you are at the correct address. Buying a car is not just taking it out of the showroom and to your home, there are a lot of crucial things to do in between. We are not only talking about the external appearance of the car, or fulfilling the rituals as per different religions, we are talking about one very important factor that can save you from unknown problems. Yes, we are talking about getting your car insured!

Beautifying your car with different accessories, its cleaning kit, keeping its engine in a good state to achieve the best average, etc, all sound very exciting and thrilling but do you have any idea that this thrill can be interrupted in a fraction of a second. Yes, anything and everything can happen to your beast in a matter of seconds.

Before you feel helpless and sad, we have come up with a detailed guide to educate you all about getting your car insured and associated aspects. Also, for Indian residents, it is mandatory that they buy vehicle insurance. Let’s move forward to understand motor vehicle insurance.

What are the different types of motor vehicle insurance?

On a broad scale, the different types of motor vehicle insurance are listed below.

  1. Own Damage(OD) or Collision Damage cover- If your car undergoes collision damage by any means, the cost of repairing its damaged parts is reimbursed. This is optional insurance and is completely the owner’s choice to buy it or not.
  2. Third-party liability cover- This insurance is aimed at reimbursing in situations where treatment and hospitalisation charges of the third parties are covered. Also, if the vehicle of the third party is damaged, then the replacement or repair cost of it is reimbursed. Furthermore, if any liabilities arise due to the death of a third party, it is covered under this type of insurance. It is absolutely mandatory for Indian citizens to buy this type of insurance when they buy a car.
  3. Personal Accident Cover- As suggested by the name this is to protect or pay the medical expenses of the owner(driver) after an accident.
  4. Comprehensive motor/car insurance- It is the highest level of protection offered as insurance. It generally includes all types of coverage such as the third party cover, collision damage cover, non-collision damage cover(like storm, theft), personal damage cover, etc.
  5. Zero Depreciation Cover- When the damaged parts of the car are to be replaced, the owner can get a full claim for the parts without any deduction or depreciation in the costs.

As per our suggestion, all types of insurance are healthy for a car owner but the one that is mandatory by the Indian Government is the Third-party liability cover. However, having comprehensive insurance will also be a wise choice.

What are the factors to consider when buying insurance for a car?

There are lots of benefits that the insurance companies offer to the owner of the car. Not every owner is aware of these benefits. When you are choosing to buy car insurance, discuss the following advantages with the insurance dealer.

  • If your car’s lock breaks due to any reason, a cover must be given to the owner. Also, if the car’s key is stolen or gets lost, there is a cover for the key replacement.
  • When your car has been gone for repair, the insurer is liable to pay you commuting charges for that duration.
  • If your car has undergone an accident and is not in a condition to be driven, the insurer is dutiful to offer a hotel stay for you on its behalf.
  • Sometimes when a claim is not filed, the client receives a NCB(No Claim Bonus). It is like a bonus for not filing even a single claim during the insurance period.
  • In the repair of parts that are made of plastic, rubber, or fibre, the repair happens without affecting NCB.
  • With depreciation of reimbursement feature, a full claim on the replaced parts is offered without any deduction.
  • If you don’t have an ARAI approved anti-theft device in your car and if by any chance, you lose your baggage and/or personal belongings, the insurance company gives you coverage for the same.

These are some of the benefits of advantageous factors offered to the customer when they purchase a car insurance. However, there are certain points that are not offered or covered by an insurance company. Let’s see what these points are in the following section of the article.

Which points are not covered in car’s insurance by the company?

  • When damage to the car is caused by a person who does not have a valid driving licence.
  • Damage caused while the person is driving under the influence of drugs or alcohol.
  • When a car’s value decreases,
  • Damage caused due to technical or electrical faults.
  • Damage caused due to ageing or normal depreciation of the vehicle.
  • Tyre and tube depreciation.

Conclusion

This guide suggests the basics of buying insurance for your car. By going through these points in detail, you will be able to get the maximum advantages of the insurance you are paying for. We hope this article will be helpful for your reference.

Apply For A Credit Card And Get Approved- All You Must Know!

Are you thinking of applying for a credit card? Or are you searching for the correct credit card for your need?

Whatever the case, if a credit card is on your mind, you are at the correct place. A credit card is always helpful in a number of situations. Many people find it safer and more advantageous than debit cards.

There are lots of benefits that are generally associated with a credit card. For instance, when you purchase groceries or use your credit card for traveling, you may get to earn some rewards. Even if you do not use it, it is like passive money that you can use in times of emergency.

There are lots of different credit cards with different limits, offers, etc, and selecting the right credit card can be a tedious task. And if we talk about applying for a credit card, it is again a hefty process. This is especially the case when you do not know how and where to start.

When you apply for a credit card, the credit card company or the issue of the card requires some information from your end. This generally is basic information about you, your income sources, etc.

This general information can accelerate the process of approval of a credit card. But before you go forward to apply for a credit card, there are a number of things that you must know. We have tried to explicitly explain everything you must know about a credit card and its application process. So without missing out on anything, read this whole article carefully.

Fill the Form in Just 5 Minutes and Get a Credit Card Online

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How To Apply For A Credit Card And Increase The Chances Of Its Approval?

Below we have shared some points that will help you apply for a credit card and also will increase the chances of its approval.

1. Credit score

A credit score is a very integral entity for a credit card. It helps to find out what your creditworthiness is or how easy is it for you to repay the loan. There are three major bureaus for credit reporting- Experian, TransUnion, and Equifax.

Every 12 months, you can ask for a free copy of your credit report and credit score from each of these bureaus. For free credit reports, the sole federally authorized source is AnnualCreditReport.com. You can generate or ask for the free report from here.

Another method to check for your credit score is by checking if the bank you have an account with lets you access your VantageScore or FICO score. Also, if you already have a credit card then you can even ask the issuer about the same. It can be confirmed easily by checking the bank or issuer’s website or by contacting their customer support or checking their app(if any).

Your credit score is based on your credit report this is why you must check your report meticulously for any errors. If there is any, make sure you dispute it as soon as possible. An error on your report can decrease your chances of quick approval.

The scoring systems to define score ranges by VantageScore and FICO are given below.

FICO VantageScore
Excellent- 800-850 Excellent- 781-850
Very Good- 740-799 Good- 661-780
Good- 670-739 Fair- 601-660
Fair- 580-669 Poor- 500-600
Poor- 300-579 Very Poor- 300-499

Applicants must fulfill the credit score requirements before getting their credit card approved. A poor credit score will not fetch an applicant a credit card. For instance, an applicant with a poor credit score will not be able to apply or get approved for a good to the excellent score card.

What can be done if an applicant does not have a credit score?

If you fall into this category then there are some credit cards that require no credit score or credit history. A secured credit card is one such example. Once you get these cards, they help you build your credit score so that later in the future, you can think of applying for and getting better credit cards.

1. Applicant’s needs

After finding out about the cards for which you can qualify on the basis of your credit score, the next step is to think about what you exactly need in a credit card. You can aim to get rewards or cashback or think about building your credit score. So let us move further to know more.

Things to consider when choosing a credit card

There are a number of terms and conditions attached to a credit card. It can be fees, interest rates, different benefits or offers, etc. But before blindly selecting just any credit card, you must check the following aspects.

  • Annual Fees- Some cards come with an annual fee and an applicant must decide if this annual fee is worth paying or not. For instance, if you apply for a credit card with rewards, it may have an average annual fee ranging from $95-$550 per year. The part that you must consider here is that will you be able to earn enough rewards to balance the fee that you are paying?. You must think about it.
  • Balance on the card- Think carefully if you want to pay for your purchases completely or wish to have a balance on your credit card. An interest rate on a card with a balance can be an important point to consider. Try to choose the cards with low-interest rates. Or, you can even choose the cards with 0% intro APR. But this offer is valid for a limited period only, generally, a few months.
  • Rewards- Are you applying for a credit card for the rewards? If you fall into the category of good to an excellent score of credit, you can qualify for different cards that reward you for your purchases. Some of these rewards may include mile points, cash back, sign-up bonuses, shopping credit, travel perks, etc. To earn these rewards, you can go with your everyday purchases with a specific brand, grocery store, restaurant, or gas station. For your purchases, you will be rewarded as per the terms and conditions.
  • Terms and conditions of a credit card – Before just applying for a credit card, it is imperative to know in detail its terms and conditions of it. Sometimes, there is an annual fee attached to a credit card, and sometimes there is an annual fee with rewards. Let’s try to understand some terms.
  • Annual Fee– This is a yearly fee that the card issuer charges from the cardholder. For the new cardholders, this fee can be waived off by the issuer. Credit cards with perks like rewards generally have an annual fee. This basically starts ar %95 annually and can vary depending upon the card type.

APR- when you choose to take a balance on your credit card or make late payments, you will have to pay interest. This interest is the annual percentage rate or APR. These APRs are variable.

Balance Transfer- When you transfer debt from one account to another, it is a balance transfer.

Cash Advance- It is a loan that a cardholder takes against the limit of its credit card. This comes with transaction fees and a high APR.

Penalty Fees- When a cardholder pays for its bills late or exceeds the maximum credit card limit, or when the payment is returned, this fee is imposed.

Welcome Bonus- It is for the new cardholders as a welcome offer that may include cash backs or other rewards.

  • Preapproval – Checking for preapproval before applying for a credit card can be helpful. However, there is no guarantee that you will get a credit card if you are preapproved.
  • Repayment – Credit card has a huge responsibility for repayment. Late payments or delayed payments can lead you to pay up high-interest rates and penalty fees. Hence, think about paying your credit card bills completely and on time.

 

  • Information – A credit card application requires a number of things that also include information about the cardholder. This ensures a smooth process of card application and approval. The following information must be known by the cardholder.
  • Full name
  • Address
  • Date of birth
  • Annual income
  • Social security number
  • Current employer or income source
  • Partner’s income

Conclusion Thoughts

Applying for a new credit card is always exciting but the application and approval process isn’t that easy. However, checking your credit report and credit score can help you to a great extent in this process.

Choosing the correct type of credit card as per your requirements is very important. If you are applying for a card with rewards, make sure you are able to earn the rewards and use them as well. Or else you will be paying high-interest rates for no good reason. Think carefully and apply for the cards that fit your needs.

All You Need To Know About Payday Loan

Not sure what a payday loan is? Or facing issues related to a payday loan?

Whatever your concern is, you are on the correct page. We will discuss almost everything one should know about a payday loan and related aspects. A payday loan can come to your rescue when you are in an immediate or sudden financial crisis and feel helpless about your situation. 

Anyone can get stuck in an unwanted situation where they get short of money. One finds no way out and feels depressed. However, to extend support to them, the facility of a payday loan or check advance loan, or cash advance loan is provided. If you want to borrow money immediately, a payday loan can help you. It is among the loans that are easiest to get approved. Let us know more about a payday loan.

Apply for Pay Day Loan – Get upto $1000 Instant Withdrawal in 30 Minutes

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Introduction- What is a Payday Loan?

A short-term loan with a very high-interest rate that is based on your income. The principal amount that you borrow is somewhat equivalent to a portion of your paycheck. This is why it is popularly known as a payday loan. A lender will charge a borrower a very high-interest rate for a short term making money available quickly to them.      

So basically, the amount of this payday loan for you depends on how much you earn per month. There are a number of laws that are drafted to regulate interest rates and high fees with payday loans. 

These payday loans are a type of unsecured personal loans because they do not need any collateral and charge very high-interest rates to the borrowers. These can be helpful but risky at the same time. It is because of super high-interest rates that, may have hidden provisions that can charge additional fees to the borrowers, and do not consider if the borrower will be able to pay back or not. This is why these loans are sometimes considered as predatory lending. If you want to go for a safer option, then you can consider thinking about knowing some personal loan alternatives. 

How To Get A Payday Loan?

There are a number of methods available for a borrower to get a payday loan. Some small credit merchants that own or sit on a physical store can provide you with a payday loan. They do let you fill credit applications on-site and get the approval for your loan. Also, there are some lenders available online and they can help you get a payday loan. There are some conditions that you must fulfill before getting a payday loan from any lender. This may typically include pay stubs that depict your current level of income from your employer. Some lenders may use a borrower’s wages or salary as collateral. After knowing your salary, a lender may draw a principal amount for you which is based on a percentage of your expected short-term income. It is not necessary that these lenders will fully check your credit or check whether you will be able to pay back the loan on time or not.

Interest Rates On A Payday Loan

As we have already discussed, a payday loan comes with a very high-interest rate. And to a borrower’s surprise, these can go as high as 780% in APR with a loan at an average of 400%. However, most states already have usury loans to limit interest rate charges from 5%- 30% but lenders that give payday loans are exempted and are allowed to charge high-interest rates to the borrowers.    

It is true that these payday loans fall in where there are many loopholes and so the borrower must stay careful with these loans. Individual states impose or govern the regulations imposed on payday loans. However, 16 states of the United States and the District of Columbia have called off payday loans.

For instance, for a $100 loan, an APR of 460% can be charged for 14 days. Also, there are finance charges or fees applicable on these loans. For $100, a fee of $15 is charged as an average. Many people overlook these costs. However, as per the federal Truth in Lending Act forces payday loan lenders to reveal their charges. People can use these loans to complete liabilities that are short-term.

Generally, the loan amount ranges from $100-$1000 and the most common amount for a payday loan is $500. After the 2008 financial crisis, lending laws have come into the picture. This has been done to ensure a fair and transparent market. The interest rates on a payday loan are generally fixed. These loans are repaid in a lump sum amount when the paycheck is received.      

What Is The Repayment Process For A Payday Loan?

Since the borrower does not give any collateral to the lender in a payday loan, the repayment can be done normally. The lender might ask for the borrower’s permission to take back money from a credit union, bank account, or prepaid card account. Or, in some cases, the lender might even ask the borrower to write a check in advance date so that it can get back the loaned amount whenever it is due.  

Which 16 states have called off payday loans?

  1. Arizona
  2. Arkansas
  3. Colorado
  4. Connecticut
  5. Georgia
  6. Maryland
  7. Massachusetts
  8. Montana
  9. New Hampshire
  10. New Jersey
  11. New York
  12. North Caroline
  13. Pennsylvania
  14. South Dakota
  15. Vermont
  16. West Virginia

Other than these states, the District of Columbia has also called off payday loans. 

Can I get a payday loan if I do not have a bank account?

Yes, it is possible. But in conditions where the borrower does not have a bank account, the lenders charge high-interest rates. 

The Bottom Line- Payday Loan

This was all that you should know about a payday loan. As we have explicitly explained that these loans are only for the short term and charge very high rates, it is in the best of the interest to avoid these loans. It can eventually lead you to a pothole of unwanted debt because the additional fees keep on joining the amount. However, if you are very sure about your abilities to repay these loans, you can definitely go ahead to get these from any lender. 

All About Debt Consolidation Loan- Benefits and Risks

Are you thinking to apply for a debt consolidation loan?

If yes then you are at the correct place! There are features of a consolidation loan that can assist in managing your debt. With debt consolidation, you can compile multiple high-interest rates into one payment.

Generally, the interest rates in debt consolidation loans are lower and this helps reorganize and reduce the total debt so that you are able to pay it as quickly as possible.

This approach comes in handy when there is a need to reorganize numerous bills that have different interest rates, due dates, or payments. Unsecured debts can be easily paid off by using a debt consolidation loan.

To make you understand it better, we have curated this article that will help you understand a number of ways of debt elimination. But before diving deep, let us first understand what is a debt consolidation loan.

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What Is Debt Consolidation Loan- Introduction

In simple words, it is a type of refinancing with which the borrowers can pay other debts. To get rid of the credit card balance, small loans, and other bills, one can use a debt consolidation loan.

The debt consolidation loan is a method to control or manage your finances in a better way. But you must be meticulous or else you will end up accumulating more debt.

How Does The Debt Consolidation Loan Work?

A debt consolidation loan will help you by simply turning the high-interest and small balance of your credit card into a single payment. When you are consolidating your debts, instead of multiple payments, you will have to make a single payment which is monthly.

In this financial strategy, the interest rate is much lower than the one compared to what you are paying on all of your debts. This means that you will have to pay lesser charges for interest and this way, your debts will be cleared quickly. Also, the interest rates in a debt consolidation loan are fixed and do not change often. So the amount you will pay each month is the same.

Let us try to understand it this way. Suppose you have two different credit cards with different balances and different interest rates. If you choose to take a debt consolidation loan, you will now have to pay an interest lower than the interest rate of these two credit cards and a single monthly amount.

Choosing The Best Debt Consolidation Loan Lender

One of the most important things before taking a debt consolidation loan is your credit score. And before selecting the lender, it is imperative you check your credit score. It can be checked in multiple ways. Websites like Credit Karma and Credit Sesame are good options.

However, you must know that the credit score calculated by these websites is not the actual value of your credit score, these values are nearest to your credit score which will be used by a bank to determine if you qualify for this or not. So you can take these values for reference but should not completely rely on them.

There are some factors that you must consider before finalizing a debt consolidation loan lender. These factors will help you choose the right lender.

Interest rate: Before concluding on one option, make sure you do some research and find out how much interest you will pay on your debt consolidation loan.

Loan amount: there are multiple places or purposes where you can implement a debt consolidation loan. In most cases, this loan is used to pay debts or credit card balances that have high-interest rates. Make sure that the loan amount your lender will pay you is sufficient enough to pay those balances and leaves some additional amount for emergency use.

Repayment term: Even when the interest rate you will pay seems fine to you, you must look for different terms when it comes to repayment terms. This will decide the monthly payment and cost of your loan.

Additional fees: In addition to the interest rate, find out in detail about any other penalties like late payment or other upfront fees.

What are the benefits of the debt consolidation loan?

We have known a number of things about debt consolidation loans and now let’s go on to the benefits of it.

  • Quick payment of debts- paying the minimum credit card balance can be an eternal process. Using the debt consolidation loan can speed up the process.
  • Saving interest cost- Saving money on the interest costs is possible with the debt consolidation loan. If you are able to qualify for a lower interest rate compared to the interest rate you are paying without a debt consolidation loan, you are likely to save money here.
  • Simple monthly payments- When you take a debt consolidation loan, you will pay a single payment each month instead of multiple payments which are with different due dates. This reduces the complexity and you will never forget paying this single amount hence our credit score will be not affected.
  • Sticking to a fixed schedule- Most of these loans have fixed installments. This means that you will stick to the fixed schedule until you pay off all your debt. And, you will know the exact time when you will be free of debt.

What Are The Risks Associated With A Debt Consolidation Loan?

Everything has its own pros and cons. The same is the case with the debt consolidation loan.

  • There are a number of additional or upfront costs attached to a debt consolidation loan. Not all lenders will educate you about these. It is important you ask for any additional or upfront fees like annual fees, balance transfer fees, origination fees, etc.
  • It is possible that you will again use your credit cards even when you have started paying your old debts with the debt consolidation loan. Instead of helping you resolve the financial issues, it will add up to more issues.
  • If you choose to pay smaller amounts in your monthly payments by extending the term of repayment, you may have to pay more interest in this extended term.

What are the alternatives to a debt consolidation loan?

Now that you are aware of the risks that are attached to the debt consolidation loan, you must also find out alternatives to a debt consolidation loans. Also these alternatives can turn out to be helpful when your credit score is not great. Let’s check them out.

  • Debt Management Program(DMP)- These are usually handled by a non-profit organization or credit counseling agency that negotiates with the creditors. The debts are repaid at a lower interest rate. The agency pays the loan amount to the creditors after charging you with an administrative fee.
  • Balance cards- These cards help you transit from the higher-interest card to a lower interest card or a card with a low APR.
  • By making a minimum payment- to stay away from bad credit and to stay away from further interest charges, simply pay the minimum amount each month on your debts.

With this, we have reached the culmination of debt consolidation loans. We have tried to cover all the important points here. There are many features and benefits but in the end, you must decide if the debt consolidation loan is the right choice for you or not.

How to Make Money on Amazon: Expert Approved Strategies

Amazon is not a new name in the arena of e-commerce giants. From A to Z, it has everything to offer and rightfully yes, there are lots of ways witch which you can make money on Amazon. 

You don’t need a bulky financial statement or a lot of time to begin earning money on Amazon. There are lots of people out there who make a lot of money through Amazon and they have left their jobs and now rely completely on their income from this e-commerce giant. 

As per the records, 50% of Amazon’s net sales were from third-party merchants in 2021. To open new avenues of income through Amazon, one can get into its loyal customer base by a number of methods. 

These methods may include book publishing, the Amazon associates program, private labeling products, etc. We tried to fish out the best information from the experts who are already picking up a huge chunk of profits through this platform. The strategies are discussed in detail in the upcoming sections of this article. 

Best Ways To Make Money On Amazon

As per research published for June 2021 by a data analytics company, Statista, each month, around 2.45 billion people visit Amazon. Let us now check out the methods to make money on this platform.

1.  By publishing digital or physical books

Many people believe that they have a workable idea for writing a book. If you love writing and have something in your mind but are confused about publishing, then Amazon is here for your rescue. 

Publishing a book on Amazon is a quick process. It lets the author self-publish the books and then you can start selling your creativity quickly through Amazon. Many people, including authors and self-publishers, while looking for a book, visit Amazon, at first. 

Testimonies of Amazon-published authors suggest that they make huge profits by selling their books on Amazon. Other than that, they use this platform as a marketing tool for their related ventures. They have accumulated bulky profits by selling their services and products on Amazon. 

It surely is a great way to start earning money and the profits can definitely rise depending upon the strategies you develop for selling your books and then other services. Some people like reading kindle, some like paperback, and some like audiobooks. This means that a proper listing of your books on various platforms can do the trick for you. 

2. By using Amazon Handmade

Founded in 2015 to spread the work of local craftsmen and artisans, Amazon Handmade now has sellers in around 80 countries. If you are the one who can make your own goods or know how to create something, Amazon Handmade is a great way to make money. You do not have to worry about shipping and other stuff, this e-cmmerce giant will take care of it really well. 

3. By using the Fulfillment by Amazon(FBA) network

Amazon offers services by using advanced technology and different warehouses so that it can process the orders seamlessly. In other words, you just decide to store the products you have listed for selling on Amazon in its warehouses and the further steps are taken care of by Amazon. 

The further steps include packing and delivering the orders to the customers or getting the returns and providing them with robust customer care services. This saves you from the additional burden of packing, shipping, and returns. To take advantage of this service, follow the steps given below. 

  • Look for Fulfillment by Amazon account and sign up for this. 
  • List the product you wish to sell.
  • Next ship the inventory to the nearest Amazon Fulfillment Center.
  • Finally, work to promote the products you are selling.
  • Amazon will handle the steps after the product is sold. 

4. By Retail Arbitrage

One of the most followed strategies sellers follows on e-commerce platforms is that they buy a product from a source and sell it for a higher price on e-commerce platforms. The same is followed by many dealers on Amazon. This process of buying a product from somewhere and selling it at a higher price to make profits is known as retail arbitrage. 

This strategy can be controversial at times, especially when goods that are in high demand but in low supply are sold at a much higher price. But in the end, this is a great way to make big profits using this e-commerce platform. This works best for bulk orders. 

5. By selling a Subscription Box

Amazon is utilized globally and subscription boxes have been known to make whooping profits in the last few years. A lot of people love the idea of it. It is a box that contains some items ranging from small items to big ones and these are delivered to the client monthly. They buy it either for themselves or for gifting it to others. 

If you wish to sell this through Amazon, you must have a seller’s account. You can avail the services of Amazon’s invite only program where sellers can list, sell, and manage the products of the subscription box directy without worrying about the delivery. 

Winding up: Best Ways To Make Money On Amazon

This brings us to the completion of the methods that are the best to make money through Amazon. You can use any or multiple of these to make some extra cash or even as your full-time business. 

In addition to the methods given above, Amazon can be used to introduce your company to a number of users, it can also be utilized as a platform for marketing of low-priced products, or to sell other professional services or offers. It offers a diverse range of options that can help you earn money. Do look for the options you can pick to make the best out of your professional life.     

Earn Money Playing Games With Opera GX

If you are an avid gamer and devote a lot of time to the games, then there is a piece of good news for you!

Earning and playing is not a dream now, it has turned into reality. There are now many options where one can play, play-to-earn games and win money. There are uncountable apps that offer this opportunity to its dedicated players but now Opera GX has joined the league and is offering ways to earn money by playing games. 

Such games have become widely popular among players as well as non-players. Everyone likes to get easy money and games as such are a ticket to lots of easy money. Hence, everyone ranging from kids to adults is now becoming experts in these money games.

Players on Opera GX can enter this kind of summer job offer that it is offering. Yes, with a one-time payment of $5000, one lucky player can get a chance to earn lots of money just by playing games. The amount is $700 a day and the player must play video games for a week on this platform. These games are nothing but video games that everyone plays.

This offer is here because Opera GX wants to promote its gaming platform among maximum users. They have released this summer job opportunity and the description of it reads “picking up their keyboard, playing games on the GX.games platform for one week and sharing their favorites with Opera GX team”.

The games on GX.games are loaded with lots of features and are already available for all the players. The majority of game genres are arcade and casual games. However, there are other games like Treasures of Tristen Wald available as well. 

One great benefit of using this platform for playing games is that players can create and upload their own games on it by using GameMaker. Opera has built this GX, especially for gamers. 

Hence, we can say that this is a game-oriented platform for all avid gamers. This is why there are features that are game-centric. The main aim of developing this browser is to offer fantastic gameplay without any lag to players. 

As of now, the games that are available on Opera GX can be played only here. Some of its notable features are RAM, CPU, Network limiters, twitch and discord are also provided in the sidebar for a better and smooth experience. 

How to Apply for the Opera GX Scheme?

A player must record a video of it playing any game of its choice on GX.games. Also, the applicant must explain the reason why he/she chose to play that particular game. The video should be in the English language.

Once the player is ready with a recorded video, they can share it on TikTok or Twitter with the hashtag #bestsummerjobever tagging @operaGXofficial. This should be done before 7th July 2022 or else the participation will not be considered. Opera GX team will decide on the final participant and it will be announced at the end of July month.

There is no need for the applicant to submit a CV. However, there are certain terms and conditions that the candidate or applicant must fulfill. One of which is that the person must be over 18 years of age to apply. 

Frequently Asked Questions(FAQs)

Is Opera GX good for gaming?

Opera GX browser is tailor-made for the games. This is the gaming browser the players have been waiting for. The features that it has are fantastic and are good enough to attract a lot of players. There are multiple games on this browser and these games are exclusively available on Opera GX as of now. Its user interface is very attractive. Hands down this is really a great browser for gaming.


Do we have to pay money to use Opera GX?

Designed especially for gamers, this is a very powerful browser. Opera GX is absolutely free to use. The features that it has will assist you in lag-free and advanced gaming. It works in a way to optimize your resources when you are playing games.


Can I expect high gaming speed with Opera GX?

Absolutely! Opera GX works best for gamers and is dedicated to giving high speed while the player enjoys playing games. There are multiple features that work in the best way to provide high-performance gameplay. Some of its other features that can be used to enjoy sheer gaming are VPN and a built-in ad blocker.


Is Opera GX better than other browsers like Firefox or Google Chrome?

Opera GX is definitely better than any other browsers in the market when it comes to RAM and CPU optimization and management. Its features are advanced and highly suitable for gaming and not all the browsers available have such features right now. 


Is there a VPN in Opera GX?

Yes. Opera GX has a built-in ad blocker and a VPN so that gamers can focus only on gaming rather than getting distracted by ads or other such things. 

So this was all about how you can make money by playing games on the Opera GX browser this summer. And playing games is definitely better than working for just any shady job this summer. It is a great option to test your gaming skills and make the most of it by earning some money.

Best Female Characters in Free Fire for Ranked Mode

Free Fire is undoubtedly a game full of thrill, full, and adventure. In this combat game, characters play a major role in deciding the winning factor. These characters possess different and multiple powers that can help a player win this game. The powers are of two types- active and passive.

It is interesting to know that the developers do alter the powers or capabilities of different characters hence the ones who wish to win must keep changing the possible character combinations they use in a game. 

There are more than 40 characters in this game and the developers also keep on launching new characters. Out of these, there are around 16 female characters you can play with. The payers can use the possible combinations of any four skills of the character in a Free Fire game. 

In this article, we will discuss the best female characters one can use in ranked mode to increase their chances of winning in the Free Fire game. 

List of the Best Female Characters in Free Fire

1. Olivia- Healing Touch Passive

Olivia gained popularity only after the debut of Dimitri and Thiva. She was not known by many before them. The main reason for her gaining popularity is because of her tuning with these two magnificent players. 

Their combination is fantastic. Other players can use Olivia’s passive healing touch to revive wounded gamers. They can be revived with an extra 80 HP which is pretty remarkable. 

Taking Dimitri’s help, users can acquire a good amount of HP by self-reviving themselves in the game. This can further be increased by taking help from Thiva’s abilities. 

This means that if you like playing in teams or crave a teambased gaming session, you can pick this marvelous combination. Olivia can be well-utilized in BR mode and Clash squad mode.        

2. Steffie- Painted Refuge Active

After the OB33 update, Steffie got a remarkable fan base. It is because her Painted Refuge active power increases the safety of the player from opponents and their deadly weapons. It creates a 4-meter safe area where the player will be safe from the opponent’s moves and throwables like smoke grenades, flash freezes, grenades, etc.

Other than this, they can restore armor durability by 10% every second. This power remains active for 25 seconds and if needed, the players can reactivate it every 60 seconds. Also, the damage caused by ammo can be decreased by 20% and that caused by explosives by 25%. 

She is helpful in short-range and long-range battles. She provides active protection from overpowered launchers in the game. Her aim is to reduce damage from the enemies. If used properly, Steffie is a great player and she is very efficient when it comes to intense or complex battle scenarios or cut-throat squad matches.

3. Clu- Tracing Steps

If you wish to play a battle where you can easily spot the opponents in the Free Fire game, then Clu can turn out to be helpful for you. She has a special ability of Tracing Steps which helps her locate the exact position of the opponents in the game. 

It does not matter if you are an active gamer or a passive gamer, Clu is the perfect choice for all types of gamers. Passive gamers can skip fights and can focus on knowing and attacking the opponents, surviving till the end while active gamers can get into clashes by spotting their opponents.  

Its tracing steps has a window of 10 seconds and when it is about to end, the information is shared with other teammates so that they can design and move with a strategy to win over complex situations. Opponents can be discovered in the range of 7 meters. But one thing to note here is that if the opponent is in a squat or prone position, Clu might not be able to spot it. 

4. Nikita- Firearms Expert Passive

If you are an avid player and love to maximize your killings then Nikita is the perfect pick for your Free Fire battle. She is a professional and has the Firearm Expert Passive ability.

With this power, the player can amplify the reload speed of its guns by a whopping 24%. This increase in the reload speed is applicable to all types of guns. Also, you can cause 20% more damage to your opponents with the last six bullets of your sub-machine gun(SMG). 

This means that if you take SMG as your weapon, you are making close and mid range opponent confrontation highly efficient. Nikita has keen senses, she is a fantastic bodyguard and she will help you move ahead of other players.

5. Xayne- Extreme Encounter

Ever since she has made her debut in the game, she has shown a lot of potential. In the game, her capabilities are commendable. She has astonished a lot of players by performing greatly in Garena Free Fire’s BR shooter. Her powers and skills remain at the apex in any game mode. She received some ability alterations in the latest update of the Free Fire game. 

The ability that you can use for Xayne is Extreme Encounter. With this, the players can get a 120 HP rise immediately. However, this rise in power keeps on decreasing with time. But still, this short interval plays a crucial role in complex situations in the battle and in healing battles. 

Furthermore, with this, you can increase the damage to gloo walls and shields by 100%. This ability of Extreme Encounter can last only up to 6 seconds but it can be reused after 100 seconds. Also, 6 seconds are enough if you are agile and active. If you wish to ace in providing healing aid to the gamers in the battle along with agile ability, then Xayne is the best choice for you. 

Concluding Thoughts: Best Female Characters in Free Fire for Ranked Mode

Free Fire is a widely played game and players are hooked to it. The reasons are many. Some of them are fantastic graphics, smooth gameplay, lots of characters and weapons to choose from, and rewards.

These female players withhold excellent capabilities and if used wisely can help you survive till the end. Some of these hold active powers while some hold passive powers. It all depends upon the player and how it utilizes these female players to extract the maximum advantage from them. So what are you waiting for? Go and choose your female character and win over the enemies!

Federal Housing Administration(FHA) Loan- How to Apply?

Are you looking forward to buying an affordable home?

If yes, then you have landed on the right page. Finding a home that is affordable to purchase sounds like a distant dream to many. But in reality, this is possible if you use the FHA loan program.

Are you wondering what the Federal Housing Administration(FHA) Loan program is?

Well, do not worry we will take you on a detailed tour which will explain everything you must know about FHA. so without wasting much time, let’s get started.

What is Federal Housing Administration(FHA) Loan- Introduction

FHA loan is a home mortgage loan. This loan is insured by the federal government and a bank or any other lender issues it. The lender cannot be just anyone, the agency approves the authentic lender.

The amount of minimum down payment for this loan is lower than other loans and applicants with a low credit score can easily apply for it. In fact, it does not require a higher credit score as it is required in other loans.

Families that survive on a low to moderate income can attain ownership of a home by using this loan. This type of loan is very much helpful for the ones buying a home for the first time ever. However, the ones that are planning to buy a house again can also avail of benefits from this loan.

Apply for FHA Loan – Get Instant Approval in Just 15 Minutes

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What are the Eligibility Criteria for an FHA Loan?

There are some lending guidelines and to get an FHA loan, the borrower must fulfill these. The requirements are given below.

  • Employment history that must be verifiable for the last 2 years.
  • A FICO score of 500-579 with a 10% down payment or if the FICO score is more than or equal to 580 then the down payment reduces to 3.5%.
  • Income sources which must be verifiable through bank statements, federal tax returns, and pay stubs.
  • Legal residential proof.
  • The front-end ratio of the gross monthly income should be less than 31%. The front-end ratio is property taxes, HOA fees, homeowners insurance, and mortgage insurance.
  • The back-end ratio of the gross monthly income should be less than 43%. The back-end ratio is mortgage payments and other monthly consumer debts.
  • The property must be evaluated by an appraiser approved by FHA and it must meet HUD(Department of Housing and Urban Development) guidelines.
  • If the borrower is bankrupt, they must wait for 1-2 years before applying for this loan. The period is 3 years in case of foreclosure. However, in extenuating circumstances, the lenders can alter the waiting period making it an exceptional case.

How Does an FHA Loan Work?

The HUD offers a search tool online which helps you find a lender in your area who is FHA approved. Based on the basic information provided by you, the lenders will decide if they wish to approve your application for an FHA loan.

Once you have some lenders on your list, look for the ones that can pre-approve your loan application. For this, you must present all your documents that are required for the process and complete the application process they follow. These may include bank statements, income proof, etc.

The interest rates in FHA loans are fixed and there are 2 terms- 15 years and 30 years. These flexible measurements are kept in mind, especially for financially weaker segments who find affording a private mortgage a distant dream. With FHA loans, people who fall in this segment can own a house.

However, there is one condition here. To protect banks or other lenders from the case where a borrower defaults, borrowers are liable to pay an FHA mortgage insurance. It is mandatory on almost all the loans where the borrower’s down payment is less than 20%.

The borrower must pay two premiums for mortgage insurance in all FHA loans. These are as follows

  • Upfront mortgage insurance premium: Right when the borrower gets the amount of the loan, 1.75% of the loan amount is to be paid. The premium paid can be combined into the financed loan money.
  • Annual mortgage insurance premium: Depending on the term of the loan, the loan amount and the initial loan-to-value(LTV) ratio is decided. It is 0.45%(15 years) and 1.05%(30 years). This premium amount is paid every month. The amount is divided by 12 to know the exact value.

Let us try to understand this with an example. For instance, if you are borrowing $100,000, then $1750 will be the upfront premium and the annual premium will be $450($37.5 per month) for 15 years term. While it will be $1050($87.5 per month) for 30 years term.

For the buyers who can manage to pay a 10% down payment of the property’s value and keep up in paying the monthly mortgage amount, their mortgage insurance premium gets canceled after 11 years. In the case of the borrowers with an initial LTV ratio of more than 90%, they will have to pay the full mortgage insurance premium.

Things to Remember Before Applying for FHA Loans

  • Before submitting the loan application have a rough estimate of your budget and how much you can easily afford.
  • Get all the required documents together so that it is easier for you to go with the approval process.
  • After getting approved by a number of lenders in your area, compare their deals and try to get the best offer.

What are the different types of FHA Loans?

  • Home Equity Conversion Mortgage(HECM)
  • Traditional Mortage
  • FHA 203(K) Improvement Loan
  • Section 245(a) Loan
  • FHA Energy Efficient Mortgage

Pros and Cons of FHA Loans

Pros of FHA

  • Low down payment.
  • Easy approval with a low credit score.
  • One can use gift funds for the down payment.

Cons of FHA

  • Mortgage insurance is needed.
  • The maximum loan amount is fixed and restrictive.
  • Less attractive offers when compared to conventional loans.

Concluding Thoughts

If you are the one with not much money for the down payment or do not have a fantastic credit score then this FHA loan is the best option for you. However, there are some conditions attached to it like mortgage cost which is long-term and is mandatory.

This piece of write-up has all the necessary information required by an applicant for a Federal Housing Administration loan. Hope this will help you take a step ahead in your decision-making.

Get Instant Loans with Amazon Pay Later- Apply Now!

Amazon is not a new name when it comes to providing e-commerce services to users globally. There are uncountable items one can get on Amazon. It has now established its roots in India as well and it is equally popular here.

Amazon has gradually expanded its areas of operation and it has now created a community of buyers and sellers. Lots of local merchants or sellers have collaborated with the e-commerce platform and they are making good money through it.

Other than e-commerce retail, Amazon has started operations as Amazon Prime for quick deliveries, Amazon Prime Videos for streaming different movies or web series, and stuff like this. Not only this, authors can even publish their books on Amazon easily. Amazon is now providing loan services to its customers through the Amazon shopping app.

The brand logo of Amazon suggests an arrow of A to Z which means that everything from A to Z is available on the Amazon platform. It can be kitchen essentials or books or electronics, fashion, or furnishing, everything is available on Amazon.

Amazon has one more service namely Amazon Pay Later that helps users to avail loan facilities through the app. The process of loan happens in collaboration with a third-party lending partner of the app. This is an NBFC(non-banking financial company) namely CapFloat Financial Services Private Limited.

The process incited by the company is absolutely online and there is no need for you to go to a bank or fill out bulky forms to get loans. Now, anyone can live a smooth life by using this service. The process is convenient and swift. The credit is given instantly and for the purchase, a user makes on Amazon, they can get EMI. This EMI is basically for your purchases through the Amazon app or website.

When a user uses this service for the first time, they must go through some formalities. The process is easy and does not ask for the details of the credit card. The details generally include name, address, city, state, etc.

The services offered at Amazon Pay later are the best if you don’t have a credit card or do not wish to use it for your purchase. Also, for the buyers who find it difficult to pay for their purchases instantly, this service is a great option.

There are a couple of options with which you can complete the payment of your purchase. One can choose to pay for the commodity they buy the next month or they can pay for it in EMIs. however, if someone opts to pay in EMI, they must make a purchase above RS.3000. The range of EMI is 3 to 12 months. The whole process is flawless and any details like CVV or PIN or OTP are not asked.

Apply for Amazon Pay Later Now – Get Instant Loan within 5 Minutes

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What Are the Basic Requirements to Use Amazon Pay Later?

  • Active account on the Amazon app or website.
  • Credit history
  • Registered mobile number
  • Bank account in any of the partner banks
  • Documents that present proof of permanent address like Aadhar card, driving license, voter ID card, passport, utility bills(must be the latest ones or the ones that are just 2 months or 60 days old)
  • Your age must be above 23 years

The lending partner will decide if you are the right fit to use this service after checking all these points.

What is the Process To Register on Amazon Pay Later?

There are a number of ways with which you can register on Amazon Pay Later.

1. KYC

  • Go to the Amazon app and click on Amazon Pay Later registration banner.
  • Enter the missing digits. This will verify your identity on the app or website.
  • The next screen will pop up a loan agreement. This will contain all the necessary information, terms and conditions, including Amazon Pay Later’s approved limit.
  • Carefully read each point and if you are okay with it, agree to it.
  • Once you are done with this. The approval will take some time.

2. eKYC

  • On Amazon’s homepage, find out Amazon Pay Later registration banner and click on it.
  • Enter your Aadhar number and PAN card number to verify your identity. After this, click on the continue button.
  • An OTP will come on our registered mobile number. Enter this and tap on the continue button again.
  • Carefully read the terms and conditions and accept it if you wish to register.

When this process is done, the executives or the partnered organization will scrutinize your application. Once this is done, the loan limit will be proposed and then you will be able to access the Amazon Pay Later services.

What is excluded from Amazon Pay Later’s Services?

There are some limitations to using this service. It is not applicable in some conditions.

  • Goods that are in the exchange offer.
  • Jewelry of any kind.
  • Gold or silver bullion.
  • Paying from a credit card
  • A gift card.
  • Products purchased from Amazon’s global store or that from outside the country store.

These were laid down so as to cut off any further complications between the seller and/or the borrower and/or the company Amazon.

What is the Interest in Amazon Pay Later Services?

There are no interest rates applicable to the user that pays the whole amount of the commodity the next month of its purchase. Also, when an offer of no-cost EMI is running, the user is not liable to pay any interest

However, if the user chooses to pay for it in the form of EMI, it will have to pay the interest. This interest depends on the EMI the user chooses in 3,6,9, or 12 months. The interest amount is calculated and displayed on the payment page after the user chooses its EMI plan.

Amazon is a great way to choose and live the lifestyle you need. Amazon Pay Later is a fantastic service offered to the users if utilized properly. s

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