Day: September 13, 2020

How a short-term personal loan could save you money

So is this just another type of risk-based pricing? 

In recent years, a bunch of Aussie personal loan lenders have adopted risk-based pricing. It’s a tiered system of pricing whereby a lender offers an interest rate based on a customer’s credit rating.  

However, offering a rate based on a borrowing term is a lot less common. In fact, according to the Mozo database only three lenders have this system in place: SocietyOne, Teachers Mutual Bank and Queensland Country Bank.

Mozo Banking Expert, Peter Marshall explains that this type of tiered system is just another version of risk-based pricing. 

“In this instance, lenders are looking at customers opting to borrow for longer terms as higher-risk,” he said. 

“This is possibly based on their own experience. These lenders may have found that people with longer loans are more likely to have problems over the life of the loan.”  

He also

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International Bancshares Corporation Announces Cash Dividend

International Bancshares Corporation (“IBC”) announced today that on Sept. 4, 2020, IBC’s Board of Directors approved the declaration of a .55 cents per share cash dividend for shareholders of record of Common Stock, $1.00 par value, as of the close of business on Sept. 21, 2020, payable on Oct. 5, 2020. “This cash dividend was made possible because of our company’s strong earnings performance, augmented by the benefits of the 2017 Tax Cut and Jobs Act, and the company’s exceptionally strong capital position,” said Dennis E. Nixon, president and CEO of IBC.

IBC (NASDAQ:IBOC) is a multi-bank financial holding company headquartered in Laredo, Texas, with over $13.3 billion in total assets and 187 facilities and 282 ATMs serving 88 communities in Texas and Oklahoma.

“Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release which are not historical facts contain forward-looking information

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‘The numbers are going to slow’ but we’re in a ‘durable recovery’

After the Labor Department released the August jobs report on Friday, White House advisors fanned out to argue that the V-shaped recovery was still happening.

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“I think we’re in a V-shaped recovery,” White House economic advisor Larry Kudlow told reporters.

Joseph LaVorgna, chief economist of the National Economic Council, described it on Yahoo Finance as “a super V-shaped recovery,” and suggested the White House believes an economic recovery could last well into 2021.

“Sure, the numbers are going to slow,” LaVorgna said in an interview with Yahoo Finance, but he quickly ticked off positive trends he sees in the home, retail, autos, housing, and manufacturing markets. The collective data indicates that “the economy is undergoing a durable recovery that will last, provided the proper policies are in place,” he said.

That last part was a clear reference to the presidential election, now just 59 days away, where President

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Drones Help Insurance Companies Check Windstorm Damage in Iowa

Insurance adjusters who descended on Cedar Rapids, Iowa, after the Aug. 10 derecho storm are using drones to check roofs and asking homeowners with less severe damage to take their own photos.

Some of this is due to the COVID-19 pandemic, which has reduced the number of experienced adjusters willing to travel. But the changes also help speed up claims and get repairs done sooner, company representatives said.

“Drones or aerial imaging helps them estimate the claims,” said Scott Hauptman, vice president for claims for Grange Insurance, of Columbus, Ohio, which is working with Integrity Insurance, of Appleton, Wis., to handle at least 500 storm-related claims in Cedar Rapids. “It’s as efficient as possible and helps them (adjusters) safeguard their health.”

Cedar Rapids officials told The Gazette that 140 buildings are too damaged to be occupied. Several hundred more have non-structural or cosmetic damage.

Before buildings can be fixed and

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WWE’s Miz and Morrison Steal the Money in the Bank Briefcase on SmackDown

Miz and Morrison took on Heavy Machinery on tonight’s episode of WWE SmackDown, and while Miz and Morrison got off to a hot start, Tucker and Otis would eventually get the upper hand, and they kept the offense coming. Morrison would eventually ground Otis a bit, but Morrison tagged in Miz to keep him down, but that didn’t work, as Otis sent Morrison over the ropes. Morrison would counter though and send Tucker to the floor, taking away Otis’ partner. After all was said and done, it was Otis and Tucker who stood tall.

Somehow Otis still managed to take Miz down, hitting the caterpillar and then knocking the wind out of Miz. He then went to the second rope and landed square on Miz. He would capitalize with the pin and the win, getting some revenge on Miz and Morrison.

They didn’t get to celebrate long, as Morrison would

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