Capital – Intersindical RTVV Wed, 21 Jul 2021 11:33:03 +0000 en-US hourly 1 Capital – Intersindical RTVV 32 32 Report: Villarreal set to grant Juan Foyth loan Tue, 09 Mar 2021 10:57:03 +0000

Juan Foyth was one of Tottenham Hotspur players who have been linked with an exit from the club this summer, and it looks like he is now set to move. According to Javier Mata in AS, Spurs and Villarreal in advanced negotiations to send Foyth to La Liga for the rest of the season.

AS is not the most reputable outlet in the Spanish media, but Mata is known to be a solid journalist with good sources, especially when it comes to the Yellow Submarine. Mata reports that other Spanish clubs such as Real Sociadad and Valencia are also interested, but Foyth’s first choice is Villarreal.

The deal is reportedly a loan, but negotiations continue to see if there will be a call option or (likely Tottenham’s preference) an obligation to buy. There was no word on the loan fees. Villarreal would likely need to sell a player or two to make room for Foyth on his squad.

Foyth is clearly not in Jose Mourinho’s plans, given he hasn’t played at all this season and Spurs are actively trying to bring in Milan Skriniar. It’s probably better for everyone if they’ve moved on, and if no one wants them all the time, then a loan is the best solution. Villarreal would probably be a good place to land for him as a young center-back, and getting some sort of pay for him could help Spurs push some of their other new entrants to the line.

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California Primary Care Association and Capital Impact Partners Launch $ 25 Million COVID Response Loan Fund for Community Health Centers Tue, 09 Mar 2021 10:57:03 +0000

SACRAMENTO, California. and ARLINGTON, Virginia., October 8, 2020 / PRNewswire / – California Community health centers (CHCs) are facing significant revenue losses due to business disruptions due to the COVID-19 pandemic. At the same time, CHCs incur unforeseen costs to implement virtual health consultation technology. The impacts of the pandemic have been further exacerbated for many CHCs by the forest fires ravaging the state.

To close this cash gap, the California Primary Care Association (CPCA) and Capital impact partners launched the $ 25 million ACIPR COVID Intervention Loan Fund provide flexible funding to CHCs. Investors in the fund include Alliance Healthcare Foundation, The California Endowment, The California Wellness Foundation, JPMorgan Chase, Richard W. Goldman Family Foundation and UnitedHealth Group.

This is a vital need, as CHCs serve not only one in six Californians, but also a predominant number of patients who fall below the federal poverty line. California CHCs provide culturally competent care to the state’s most diverse communities and serve one in three Medi-Cal recipients. These residents are also largely affected by the health and financial effects of the pandemic.

Applications will be accepted via November 6, 2020. Eligible organizations (see below) interested in applying for a loan can access the application here. Further details can be found through our webinar and FAQs found online here.

“Our more than 1,370 nonprofit members operate on very thin margins, often relying on the support of a federal program based on patient visits. At the start of the COVID-19 pandemic, patient visits dropped sharply and still have not returned to pre-COVID levels. This has a huge impact on their financial stability and their ability to keep their doors open to serve their communities. CPCA’s COVID Response Loan Fund is an essential interim measure to avoid unnecessary shutdowns of their operations, ”said CPCA President and CEO. Carmela Castellano-Garcia.

Since the start of the COVID-19 pandemic, CHCs have seen primary and preventive care visits drop by more than 50%, resulting in temporary site closures, as well as layoffs and staff closures. CHCs are using already tight budgets to test and treat COVID-19 patients, purchase personal protective equipment for staff, and implement new technological solutions. In a recent survey of CPCA members, 70 percent indicated the need to explore how to create and deploy an emergency cash fund that they could access.

“The global pandemic has amplified the lack of a safety net for our most vulnerable populations, particularly black and Latin communities,” said the president and CEO of Capital Impact Partners. Ellis Carr. “Community health centers are often the only places where uninsured and underinsured patients can access equitable health care. If they have to shut down or scale back services as a result of this crisis, millions of people will be seriously affected. We simply cannot let this happen.

Main characteristics of the ACIPR COVID Intervention Loan Fund managed by Capital Impact:

  • Loans $ 250,000 until $ 1.5 million
  • 3% interest rate
  • No payment the first year, then full amortization over 6 years
  • The loan will be secured by a general lien on all assets. No real estate guarantee required
  • Each borrower will automatically receive a grant for technical assistance and expenses related to COVID
  • No fees associated with closing the loan
  • Prohibited uses:
    • Development of new facilities
    • Renovations of non-patient service facilities in response to COVID-19
    • Refinancing of existing debt

Eligible uses include any working capital requirement resulting from the COVID-19 pandemic. Uses include, but are not limited to:

  • Lack of operating income
  • Telemedicine infrastructure
  • COVID-19 investment and operating costs
  • Minor renovations to support better COVID-19 care

Eligible organizations:

  • Non-profit health centers – including non-CPCA members – licensed in the state of California under Section 1204 of the California Health and Safety Code are eligible and encouraged to apply. These organizations include, but are not limited to, FQHC, FQHC-Look-Alikes, Rural Health Clinics, Indian Health Clinics, Free Clinics, etc.
  • Non-profit consortia with a majority of members made up of the non-profit health centers described above
  • Health centers located on land recognized by United States government as tribal land in California and operated by an Indian tribe recognized by United States government

Applicant organizations must also be in business for at least three years and demonstrate a negative operational impact resulting from the COVID-19 pandemic.


Loan decisions will be made at the end of November and loan funding is scheduled for mid-December.

ACIPR and the impact on capital: long-time advocates of CSCs

This is not the first time that Capital Impact and CPCA have teamed up to meet the needs of CHCs in times of uncertainty. During California The 2008 budget crisis, which resulted in delays in payments from Medi-Cal, Capital Impact and CPCA stepped in with a similar fund to help these establishments meet cash flow needs. In total, this fund has supported 52 clinics with $ 40 million in financing.

In addition, Capital Impact and CPCA managed the CPCA Business Loan Fund since 1998. This low-cost funding resource has been put in place to support health centers in need of construction, equipment and working capital funding.

Quotes from investors:

“The legacy of structural racism has put California Black and Latino communities are directly at risk during this pandemic, resulting in their unequal and unfair burden of illness and death from COVID-19, ”said Robert K. Ross, MD, President and CEO of The California Endowment. “We congratulate the CPCA and Capital Impact Partners for their leadership which brought us all together to support community health centers and vulnerable people. California communities they serve.

California most underserved communities are exposed to lasting health and economic consequences due to crises such as the coronavirus pandemic and the unprecedented destruction of forest fires, ”said Allen Fernandez Smith, JPMorgan Chase Philanthropy Manager for the Western Region. “We know how essential it is to have a healthy and prosperous community and everyone in the state should have access to quality front-line health care. It starts by ensuring that community health centers have the resources they need to serve California most vulnerable residents. “

About the California Primary Care Association

The California Primary Care Association (CPCA) represents more than 1,370 nonprofit community health centers that care for more than 7.2 million patients each year. Community Health Centers (CHCs) are committed to providing comprehensive, high-quality health care to everyone who walks through our doors, with compassion and cultural sensitivity. CHCs include Federally Qualified Health Centers (FQHC) and FQHC look-alikes, community clinics, free clinics, rural health clinics, migrant health centers, Indian health service clinics, and clinics family planning. Services include comprehensive primary and preventive care, women’s health, dental care, mental health, addiction treatment, health education, awareness and registration, pharmacy and more.

About Capital Impact Partners

Through capital and engagement, Capital Impact Partners helps people create communities of opportunity that break down barriers to success. Through mission-based funding, social innovation programs, capacity building and impact investing, we strive to advocate for key issues of social and economic equity and justice. Our commitment to the community aims to ensure that individuals have access to quality health care and education, healthy food, affordable housing, cooperative development and the ability to age with dignity.

Non-profit community development financial institution, Capital Impact has disbursed more than $ 2.5 billion since 1982. Our leadership in financial and social impact has enabled Capital Impact to be rated by S&P Global and recognized by Aeris for our performance. Based at Arlington, Virginia, Capital Impact Partners operates nationwide, with local offices in Austin, Texas, Detroit, Michigan, New York, New York State, and Oakland, California. Learn more about www.capitalimpact.organization.

About the California Endowment

The California Endowment, a state-wide private health foundation, was established in 1996 to expand access to quality health care for underserved individuals and communities, and to promote fundamental improvements and affordable to the health of all Californians. The Endowment Fund challenges the misconception that medical institutions and individual choices are solely responsible for people’s health. Basically, The Endowment believes that health happens in neighborhoods, schools and with prevention. Learn more about

SOURCE Capital Impact Partners

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Over $ 200,000 Raised for Kids Fighting Cancer – Superheroes Join Forces for Virtual Event Tue, 09 Mar 2021 10:57:02 +0000

Despite the challenges of the pandemic, more than 740 community superheroes joined the nonprofit Candlelighters Childhood Cancer Foundation of Nevada for its annual 5K Superhero. Usually held in person, this year’s virtual run raised $ 210,000 to help children with cancer and their families.

Now in its 30th year, the event has grown into the largest fundraiser for the Candlelighters. The warm-up and opening ceremonies were held virtually via Facebook Live, and participants walked or jogged in their neighborhood, in the local park, or on one of the many designated inspirational routes while practicing social distancing. To continue the festive spirit of Superhero 5K, festive finish lines were available at several locations for participants to take photos and commemorate their participation.

This year, awards were given to the top fundraising teams in three categories. Team Joy, who raised $ 15,325, won in the Family and Friends category. FTO Las Vegas raised $ 2,681 to receive the award in the Corporate category, while Konrad Broock won in the Individual category with $ 6,602 raised.

Riley of Team Riley the Radiant with his family at a celebratory finish line.

The event was made possible by major Superhero 5K sponsors, Centennial Toyota on behalf of Southern Nevada Toyota Dealers and Dollar Loan Center. Other sponsors included: Comprehensive Cancer Centers of Nevada, Blue Apple Electric, Optum Care, Lerner & Rowe Gives Back, Palm Mortuaries & Cemeteries, Las Vegas Raiders, Hey Frank, Southwest Gas Foundation Fuel Good and Law Firm of Jeffrey Burr.

“We are so grateful for the support of our incredible sponsors, runners, volunteers and supporters who have all contributed to the success of Superhero 5K. We couldn’t have done it without them, ”said Kimberly Kindig, CEO of Candlelighters Childhood Cancer Foundation of Nevada. “Their efforts are really helping us make a difference in the lives of children and families with cancer. “

The Superhero 5K raises much-needed funds for Candlelighters, which provides financial assistance for medical and prescription costs, mortgage / rent, utilities, local transportation and travel for treatment, scholarships and funerals; advice; and other programs to boost the morale of patients and their families.

About Candlelighters Childhood Cancer Foundation of Nevada

Candlelighters Childhood Cancer Foundation of Nevada is Nevada’s first and oldest nonprofit serving children, ages newborn to 21, and families living with childhood cancer. Its mission is to provide emotional support, quality of life programs and financial assistance to children and their families affected by childhood cancer. Since its inception over 40 years ago, Candlelighters has helped thousands of families and now serves 125 families each month and up to 1,000 children (diagnosed child and siblings combined) per year. For more information, visit

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Guarantor Loans Surpass PPI by Generating Complaints to Financial Ombudsman Tue, 09 Mar 2021 10:57:02 +0000 Secured loans have overtaken PPI as the most criticized product currently by the financial mediator.

A sign that the PPI scandal is finally coming to an end, for the first time since 2007, payment protection insurance was not the most criticized product in Financial Ombudsman Service data.

More than 10,000 complaints about secured loans were received between October and December 2020, compared to just over 300 complaints during the same period a year earlier.

With a guarantor loan, someone else, often a family member, promises to pay off the debt if the borrower is unable to do so.

In the last quarter, the mediation service also received more than 6,000 complaints about mortgage loans against 430 complaints in the same period a year earlier.

The Financial Conduct Authority ran high profile ads to remind people of the Complaints Deadline (Financial Conduct Authority / PA)

The most criticized issue in the last quarter was with people saying they could no longer afford the borrowing they had previously taken out and in some cases borrowing had never been affordable for them, said the mediator.

He added: “The rules and guidance regarding lending and supporting people in financial difficulty are well established – and we are actively engaging with lenders to ensure they are responding effectively and fairly to their clients’ concerns.”

The PPI is the biggest bad-selling scandal the mediation service has ever seen.

The deadline for complaining about the PPI to the companies involved was August 2019, although if customers were not satisfied with the response, they could always bring their complaint to the ombudsman after that date.

The mediation service received 6,679 PPI complaints between October and December 2020, compared to more than 41,500 complaints during the same period a year earlier.

The last time PPI wasn’t the most criticized product in quarterly data was in the third quarter of 2007, when credit cards drew the majority of criticism.

Caroline Wayman, Managing Director of the Mediation Service, said, “The Financial Mediation Service continues to help thousands of people per week who are unhappy with their financial service provider.

“For over a decade, our department has received an unprecedented number of complaints about PPI. As expected, after helping over two million people, we are now almost done with our work on PPI.

“Excluding PPI, new complaints are up over 55% from the same period last year, with more and more people seeking our help in resolving issues with financial firms.

“If you believe you have been treated unfairly by your supplier, you should contact the Financial Ombudsman Service and we will see if we can help you.”

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Utah Better Business Bureau sees increase in payday loan complaints Tue, 09 Mar 2021 10:57:01 +0000

Millions of people across the country are filling out unemployment claims, as the coronavirus pandemic continues to wreak havoc.

“More people are turning to payday loans because they are in desperate need of money,” Jane Rupp, Pres. Better Business Bureau of Utah and Northern Nevada said.

So far this year, BBB Utah has already received almost the same number of payday loan complaints as it has for all of 2019, Rupp said.

The BBB has offered some advice on payday loans click here to read them.

It’s important for people to understand what a payday loan entails, including its high interest rate, Rupp said.

The average annual percentage rate charged in Utah on a payday loan is 522.56 percent, according to the most recent report from the Utah Department of Financial Institutions. To view the latest report of the Utah Financial Institutions Commissioner Annual Report, Click here.

“Sometimes people are desperate enough to have to take payday loans, unfortunately. If you know everything you’re going to pay and can pay it off, a payday loan may be the thing you’re looking for, ”Rupp said.

Every day, people come to the CrossRoads Urban Center in downtown Salt Lake City. Unfortunately, the associate director. Bill Tibbitts has seen many people in dire straits take advantage or take out a payday loan that they cannot repay.

“We fear that people who barely have enough money to make ends meet, or who don’t have enough money to make ends meet, will make mistakes that will leave them with even less money,” he said. he declared.

When people need financial help, the Utah Fair Credit Foundation nonprofit is there to help. While things are looking good for a lot of people now that they get unemployment and the stimulus check, Ellen Billie, Programs Dir. Fair Credit Foundation, said she was nervous about the future.

“I haven’t seen a whole bunch of payday loans yet, but I’m very, very worried about it,” she said.

Since many payments can be deferred right now, Billie is worried about what the fall will bring when the bills come due.

“It all ends at some point and that’s what worries me the most,” she said.

FOX 13 News reached out to several payday loan companies for a response to this report, but none responded to our request for comment.

For more information on the CrossRoads Urban Center, click on here.

For more information on the Utah Fair Credit Foundation, click here.

More resources:

Utah 211

Utah Department of Workforce Services

Food Bank of Utah

Utah Coronavirus

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What should be your priority? Tue, 09 Mar 2021 10:57:01 +0000

Student loans are a huge problem in our country, with the national student loan debt hitting a record $ 1.6 trillion.

At the same time, however, pensions are becoming less and less common and the social security system is experiencing new and worsening problems. Planning for retirement income is moving from the three-legged stool model (combining pensions, social security benefits and savings) to the model YOYO model (you are alone).

So how do we know what to prioritize to move forward?

What we cannot borrow for.

There is a loan for almost everything in this world – college, houses, cars, weddings, vacations – but the only thing we can’t borrow for is retirement.

If you put off saving for retirement to pay off other debt, you’ll reach retirement age and find that you don’t have the financial means to retire.

If you are in your early twenties or thirties, you might be wondering, “why should I worry about retirement now?” Retirement seems to be in a lifetime, and in some ways it is. But if you don’t start now, you can’t take advantage of factors like compound interest that can make a huge difference in your future.

If you have student loan debt and you’re trying to maximize your payments to get rid of it faster, consider making the minimum payments and putting that extra money into a Roth IRA or HSA. In the future, you will thank yourself.

The Aircraft Safety Conference.

Sometimes the student loans we pay aren’t even ours. Funding our children’s education is great if you are able to do it, but if it interferes with your ability to save for your own future, maybe it is time for Junior to take charge of the payments.

When you get on a plane, they always give the same sermon on safety. If the pressure in the cabin drops, the face masks will drop from the ceiling. Secure your own masks before helping children and those around you.

It doesn’t seem natural to put yourself before your children, but you cannot help them if you are unconscious.

The same goes for finances. If you help pay for your children’s education instead of saving for your future, you had better hope that they will find a good job with a nice home, because you will be living with them in retirement.


Retirement savings come first.

If you achieve financial independence and have long term savings and investments that have reached a point where you can live off your income, this will allow you to do whatever you want with that money, including paying off student loans. or pay for your studies.

There are certainly exceptions, as there are some expensive student loans and other situations where cash flow would improve by getting rid of student loan debt first. But my general feeling is that retirement comes first. Everything else, the things you can borrow for if needed, comes second.

The views expressed in this commentary are those of the author and do not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations to any person. It is suggested that you consult your financial professional, lawyer or tax advisor regarding your personal situation. Comments on past performance are not intended to be forward-looking and should not be taken as an indication of future results.

Securities offered by Kestra Investment Services, LLC (Kestra IS), member of FINRA / SIPC. Investment advisory services offered by Kestra Advisory Services, LLC (Kestra AS), a subsidiary of Kestra IS. Brotman Financial Group, Inc. and BFG Financial Advisors are not affiliated with Kestra IS or Kestra AS.

Investor Disclosures:

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Training course for home buyers: what to expect as a first-time buyer Tue, 09 Mar 2021 10:57:01 +0000

Many homebuyer assistance programs and some mortgage lenders require borrowers to take a homebuyer education course.

If you are a first time buyer, it’s a good idea to find out what educational opportunities are available to you, even if you don’t have to take a course, and take the time to educate yourself about the buying process. a home and homeownership before you complete your home purchase.

What is an education course for home buyers?

A training course for home buyers is an online or in-person course that you can take to better understand what it entails. find, buy and own a house. Your mortgage lender may ask you to take this course or, if you are in a program down payment assistance or other housing finance program.

“This course explains the process of buying a home, what a borrower needs to be approved for a mortgage, the benefits of homeownership, the challenges of homeownership, and the mortgage and loan terms, ”explains Wil Hendrix-Griffin, responsible for affordable loans. for PNC Bank in Downers Grove, Illinois.

Sometimes the course is offered as a pass / fail class, says Hendrix-Griffin, and the buyer usually receives a certificate upon completion of the course. Other courses have some type of scoring system, such as the Home Buyers Training Course offered by Take Charge America, a Phoenix-based nonprofit credit counseling agency.

“In our course, participants carefully review the content and their knowledge is periodically tested using a series of quizzes,” says Jeremy Wine, head of housing counseling within the organization, which offers the course to students. buyers from all 50 states. “Those who achieve a cumulative score of 70% or more will pass our course and receive a certificate of completion. “

What you can learn from a homebuyer training course

Homebuyers’ training courses “walk you through the entire journey, from whether you’re ready and from finding listings to finding a lender, to preparing an offer.” , finalizing a purchase and living in your new home, ”says Danielle Samalin, CEO of Framework Homeownership, a national provider of online training courses for home buyers.

“The best courses also have additional content for people who want to learn more,” says Samalin.

Wine says you can expect to learn more about concepts like:

However, each course is different and depends on the organization offering it and the extent of the material it covers. There is also a difference between attending a course in person and taking an online course.

“The best courses are face-to-face courses that allow for substantial interaction within the classroom and with the instructor,” says Tony Julianelle, CEO of Atlas Real Estate in Denver. “Ideally, the course should give you time to develop a family budget and work through various scenarios, such as how you might pay for a major repair if it were necessary.”

Cost of a training course for home buyers

Many homebuyer training courses charge a nominal fee that you have to pay out of pocket. Some courses are offered free of charge, either funded by your lender, real estate agent, the US Department of Housing and Urban Development (HUD), or the organization offering the course.

“I saw that these fees ranged from $ 25 to $ 125 or more,” says Samalin, who notes that his organization’s course costs $ 75.

Julianelle cautions that a free course that you find on your own may not be a HUD certified course that meets the terms of the lender or agency that requires you to take it. So, before registering for and completing a Home Buyers Training Course, be sure to confirm that it is a HUD approved course.

How long does a homebuyer training course last?

Many homebuyer’s training courses are four to eight hours long and can be completed over a day or two, either online through a website or app, or in a physical location like your real estate agent’s office or from your lender, says Hendrix-Griffin.

“Most of the courses offered online allow you to take them at your own pace,” notes Julianelle.

When to take a homeownership course

It is best to take a homebuyer training course as soon as possible, well before you close your mortgage. Wine says most buyers complete their course before they begin their home search.

“It is good practice to complete this training as soon as you know you will need it so that you can find a class that works in a short period of time,” says Julianelle. “Classes fill up quickly in most HUD certified courses.”

How To Find Training Courses For Home Buyers

Most training courses for home buyers and first-time buyer Classes are offered by lenders, nonprofit housing counselors, community development corporations, organizations offering down payment assistance, and real estate brokerages, says Hendrix-Griffin.

To find a housing counseling agency and course near you, visit this list provided by HUD, or consult your national housing finance authority (see this additional HUD directory) for information.

Learn more:

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UPDATE 2-China’s New Bank Loans in August Rise More Than Expected, Overall Credit Growth Accelerates Tue, 09 Mar 2021 10:57:00 +0000

* August new loans 1.28 trln yuan vs f’cast 1.22 trln yuan

* Money supply M2 August + 10.4% y / y, vs f’cast of + 10.7%

* TSF growth in August accelerates to 13.3% against 12.9% in July (adds analyst comment)

BEIJING, Sept.11 (Reuters) – Chinese banks made more new loans than expected in August, as overall credit growth accelerated, indicating continued political support as the economy recovers from a slump. record recession induced by the coronavirus.

Banks granted 1.28 trillion yuan ($ 187.25 billion) in new yuan loans, up 29% from July and slightly exceeding analysts’ expectations, according to data released Friday by the People’s Bank. of China (PBOC).

Analysts polled by Reuters had predicted that new loans would reach 1.22 trillion yuan, up from 992.7 billion yuan the previous month, but largely in line with the previous year.

Loans to households, mainly mortgages, reached 841.5 billion yuan from 757.8 billion yuan in July, while business loans jumped to 579.7 billion yuan from 264.5 billion yuan .

The PBOC has rolled out a range of support measures since early February, including cuts in bank lending rates and reserve requirements and targeted lending support for businesses affected by the virus.

But analysts say the central bank has now moved from emergency mode to a more stable position amid signs the economy is quickly coming back to solid ground. Some analysts now believe that there will be no more cut in key rates this year.

“We anticipate a further acceleration in lending in the coming months,” Capital Economics said in a note.

“A further acceleration in government bond issuance is expected for the remainder of the year. In addition, stronger investment demand in the wake of the ongoing economic recovery should support the issuance of corporate bonds and equities.

PBOC Governor Yi Gang said new loans are expected to reach a record high of nearly 20 trillion yuan this year, and total social financing may increase by more than 30 trillion yuan.

Authorities have urged banks to offer cheaper loans and lower fees to help struggling businesses hit by the COVID-19 pandemic, although such support is weighing on lender margins. Last month, the country’s five largest banks reported their biggest profit declines in at least a decade amid rising bad debts.

Data for August has so far shown that exports have grown at their fastest pace in over a year, while ex-factory prices have fallen at a slower pace thanks to stronger industrial demand. Lagging consumer demand also appears to be turning a corner with auto sales up for the fifth consecutive month.

The broad M2 money supply in August rose 10.4% from the previous year, below estimates of 10.7% predicted in the Reuters poll, which was at the same pace as in July.

Outstanding yuan loans increased 13.0% from the previous year, unchanged from July pace and in line with expectations.

Most Chinese observers prefer to focus on the annual growth figures, which are a better indicator of the underlying trends in credit creation given that the net issuance figures are very seasonal.


Annual growth in total social finance outstanding (TSF), a general measure of credit and liquidity in the economy, accelerated to 13.3% in August from 12.9% the previous month.

TSF should be supported by a sharp acceleration in local government bond issuance, as they have been asked to complete the special bond issuance by the end of October.

Local government net debt issuance stood at 920.8 billion yuan in August, according to data from the Ministry of Finance, up sharply from 42.2 billion yuan the previous month.

TSF includes forms of off-balance sheet financing that exist outside the conventional bank lending system, such as initial public offerings, trust company loans, and bond sales.

In August, TSF more than doubled to 3.58 trillion yuan, from 1.69 trillion yuan in July. Analysts polled by Reuters expected 2.730 billion yuan.

Reporting by Lusha Zhang and Kevin Yao; Editing by Simon Cameron-Moore and Kim Coghill

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What if i miss a payment or default on my loan? – Forbes Advisor UK Tue, 09 Mar 2021 10:57:00 +0000

If you’re having trouble paying off a loan, it’s important to know what steps you can take to keep your debt from spiraling out of control.

Here, we explain what could happen if you fail to keep up with your repayments, as well as how to start getting your finances back on track.

What happens if I miss a loan repayment?

If you miss a monthly loan repayment, you will usually receive a letter from your lender asking you to make up for the missed payment the following month. You will also be charged a missed payment fee of around £ 25.

As long as you make the payment and don’t miss any future repayments, your lender is unlikely to take further action. However, if you are unable to make the payment or if you miss multiple loan payments, the consequences can be more serious.

Missing payments or failure to repay the full amount required each month for three to six months is called default.

If this happens, your lender will send you an official letter known as a “default notification”. This will outline the details of your loan, the terms you have broken, and the steps to take.

How will missing payments affect my credit report?

Your missed payments and your default notice will be recorded on your credit report which could affect your credit score and make it more difficult to access financial products in the future.

If you’re still having trouble paying off your loan, your lender could transfer your debt to a collection agency. Your debt is “sold” to the agency, which will then take action to get its money, plus a profit, back from you.

You may find that your lender or debt collector files a County Court Judgment (CCJ) against you.

This is a type of court order in England, Wales and Northern Ireland. In Scotland, if your lender takes legal action, they will ask for a decision / decree.

You will receive your judgment in the mail, and it will explain:

  • how much you owe
  • how to pay (in full or in several installments)
  • the payment deadline
  • who to pay.

You will have one month to repay the amount owed, but if you fail to do so, the judgment will be added to your credit report and will remain there for six years.

What happens if I can’t repay my loan?

If you have no way to pay off your debt, you may need to use an Individual Voluntary Arrangement (IVA). An IVA is a formal and legally binding agreement between you and your creditors to repay your debts over a set period of time.

Otherwise, you may have to file for bankruptcy, but this can have serious consequences and should therefore be carefully considered.

What if i have a secured loan?

If your loan is secured against your home or car and you continually miss payments, you may have to sell your property or vehicle to pay off what you owe. Note, however, that this is usually only a last resort, so it’s important to speak to your lender and seek advice as soon as possible.

Get help before your fault

If you think you might miss a loan repayment, speak to your lender immediately and explain the situation to them. Your lender may be able to make an agreement with you to help you pay off your debt before taking further action.

For example, your lender may:

  • give you more time to pay off your debt
  • reduce your monthly payments
  • reduce the amount of interest you owe
  • delay reporting the missed payment (s) to credit reference agencies.

Your lender may also suggest that you consolidate your debt, which will allow you to consolidate all of your debts into one monthly payment with one lender.

One way to do this is to remove a debt consolidation loan. Not only can this make managing your finances a lot easier, but if you are able to reduce the amount of interest you pay, you will also save money.

Priority vs. non-priority debt

While it’s important to keep pace with your loan repayment, certain payments, called senior debt, must take priority over your loan repayment. These include:

  • housing tax
  • other taxes
  • utility bills
  • TV license
  • mortgage or rent
  • fines.

Failure to pay your housing tax, fines, or TV license could result in jail time, failure to pay your utility bills could result in your power supply being disconnected and failure to- meeting mortgage or rent payments could knock your roof off your head.

In short, it is therefore essential that you make these payments before spending money on other debts, including your loan repayments.

A good way to help you manage this is to establish a monthly budget, assess where you can make cuts, and set aside a certain amount for each payment, prioritizing your top debt.

Where to get help

If you’re struggling with debt, it’s important not to put your head in the sand but to seek advice as early as possible. There are a number of charities that offer free advice and support and can help create manageable debt repayment plans. These include:

· Advice to citizens

· Stage change

· National debt

· Charity of money

Do not hesitate to contact one of these free charities if you are having financial difficulties.

Beware of debt counselors who charge for their services – they often pay to appear at the top of internet search pages, but charities lower in search results offer great freelance services at no cost to you.

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Developer plans 400 more apartments in Illinois Medical District Tue, 09 Mar 2021 10:57:00 +0000

In July, Sloniger plans to begin construction on the next phase of the development: a 24-story, 280-unit tower just west of Atrio, along Damen Avenue. Marquette is also planning a third building with nine floors totaling 120 units just south of Atrio.

The medical district and the surrounding district have received a lot of interest in recent years from real estate developers, betting that the demand for apartments, hotel rooms and commercial space will increase as the healthcare sector increases. expands. A redevelopment of the former Cook County hospital, long vacant finished last year, and a large mixed-use project called Gateway is underway just west of the Marquette site, although it has progressed slowly.

With Rush University Medical Center and the University of Illinois-Chicago close by, Sloniger expects to hire many students and workers in the area. He also likes his project’s proximity to the Medical District CTA station, which might appeal to downtown commuters, and Malcolm X College, just north of the Eisenhower Freeway.

The market “has a lot of depth. There are a lot of demand drivers out there, ”he said. “People want to live there because they can walk to El and walk to work.

Many Chicago apartment owners have suffered over the past year from the coronavirus pandemic and recession, but demand has held up better the further away from the city center. With ongoing vaccinations and optimism for the economy on the rise, 2021 should be a better year for apartment owners.

Marquette is counting on this in the rise of pre-leases at Atrio. The building’s asking rents range from $ 771 per month for a studio to $ 3,260 for the more expensive three-bedroom unit, according to real estate information provider CoStar Group. The average apartment rents for $ 1,835 per month, or $ 2.57 per square foot.

People who have not seen the tower since Marquette bought it may no longer recognize it. Built in the 1960s, the skyscraper had a Soviet-style look, with a dreary facade and small windows. Marquette didn’t change the building’s geometry, but its new glass and steel facade would fit in with the many buildings designed by Mies van der Rohe and their downtown Chicago imitators.

Marquette paid $ 28 million for 1926 W. Harrison in 2019; Sloniger declined to say how much the redevelopment will cost. The company is financing the project with a $ 37.8 million loan from Associated Bank.

“It was a building with a lot of deferred maintenance, and it was really really run down,” Sloniger said. “It’s one of those projects that takes a lot of work, but it’s very satisfying.

Atrio’s amenities will include a large fitness center, downstairs study and work rooms, and a penthouse lounge with views of downtown Chicago.

Marquette is in the final stages of planning and approval for its next building, the 24-story tower next door, which is licensed under the city’s current zoning. Marquette is teaming up on this project with its capital partner on Atrio, Kayne Anderson Capital Partners, based in Los Angeles. Companies still need to secure a construction loan before starting work, Sloniger said.

Marquette also has its hands full in the west loop, where he has completed, developed or planned more than 1,000 apartments.

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