credit card – La Prairie SHLM http://laprairie-shlm.com/ Thu, 17 Feb 2022 15:40:04 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://laprairie-shlm.com/wp-content/uploads/2021/12/icon-2-150x150.png credit card – La Prairie SHLM http://laprairie-shlm.com/ 32 32 Home equity is at an all-time high. 6 Ways to Get the Lowest Rate on a Home Loan Now https://laprairie-shlm.com/home-equity-is-at-an-all-time-high-6-ways-to-get-the-lowest-rate-on-a-home-loan-now/ Fri, 28 Jan 2022 11:39:00 +0000 https://laprairie-shlm.com/home-equity-is-at-an-all-time-high-6-ways-to-get-the-lowest-rate-on-a-home-loan-now/ Getty Images/iStockphoto According to data firm Black Knight, exploitable home equity is now at an all-time high, thanks to rising home prices. This leads some homeowners to consider a home equity loan, which allows you to borrow money based on the value of your home. These loans typically offer fixed interest rates that tend to […]]]>

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According to data firm Black Knight, exploitable home equity is now at an all-time high, thanks to rising home prices. This leads some homeowners to consider a home equity loan, which allows you to borrow money based on the value of your home. These loans typically offer fixed interest rates that tend to be lower than credit card and personal loan rates. Indeed, some home equity rates are now hovering around 4%.

You usually get this money in a lump sum, and experts advise that home equity loans are best suited to pay for home improvements, debt consolidation, emergency expenses and business expenses, rather than discretionary items. like a vacation. This guide, from MarketWatch Picks, can help you decide if a home equity loan is right for you. And below, we asked experts about the best ways to get the lowest rates on home equity loans.

Increase your credit score

If your credit score doesn’t meet the minimum requirements (which are usually around 620), there are things you can do to get approved for a refinance. “First, you can look for a lender who has less stringent credit requirements. Just because one lender hasn’t approved your refinance doesn’t mean all other lenders will do the same,” says Jacob Channel, principal economics analyst at LendingTree. Just be aware that a low credit score will impact the interest rate you pay on the loan.

Even if you qualify for a home equity loan, it’s quite possible that increasing your credit score will earn you an even better interest rate (for the best rates, lenders may look for scores above 740) . To increase your credit score, make monthly payments on time and pay off debts to lower your credit utilization rate, advises Channel.

Make sure you have a low debt ratio

Your debt-to-equity ratio, or DTI, is simply your monthly debt payments (mortgage, credit card payments, car, student or personal loans, child support, etc.) divided by your gross monthly income. So if your monthly debt is $2,500 and your gross monthly income is $7,000, your DTI ratio is about 36% ($2,500/$7,000 = 0.357). DTI requirements vary among lenders, but they often look for a DTI of 43% or less.

Greg McBride, chief financial analyst at Bankrate, explains that because home equity loans are installment loans, where you borrow a set amount of money all at once and then repay the loan over a fixed number of payments, with a low debt ratio and sufficient income to meet the monthly payments is the key. Other important financial factors to consider when applying for a home equity loan include sufficient income, a reliable payment history, and good credit.

The more equity you have, the better

“The more equity you have, the better off you will be. Aim to keep at least a 20% untapped stake and even more can get you a better deal,” says McBride. To determine the equity in your home, subtract the amount you owe on all loans from the appraised value of the home.

Shop around for quotes from at least 3-5 lenders

“Most of them post their home loan rates on their websites. You need to know the approximate value of your home, how much you want to borrow, and how many years you want to pay back,” says Holden Lewis, real estate and mortgage expert at NerdWallet. Don’t overlook your current bank either, having an existing account there can mean you’re eligible for promotions or discounts.

“Closing fees and costs can vary between lenders, so it’s important to compare annual percentage rates (APRs) and one-time fees and costs side-by-side,” says Paul Appleton, head of consumer loans at Union Bank. Often, home equity loan closing costs include origination fees, appraisal fees, credit report fees, insurance fees, application and deposit fees, title fees and taxes, which typically range between 2% and 5% of the total loan amount, according to LendingTree.

Choose a shorter term

Denny Ceizyk, senior writer at LendingTree, says the same factors that impact HELOCs affect home equity loans, although home equity lenders may set the bar slightly lower for credit scores, especially if you have more equity in your home. “You are likely to get a lower rate if you choose a shorter term loan, terms for home equity loans range from five to 15 years, although some home equity lenders offer terms of up to 30 years “, explains Ceizyk.

Learn about other types of loans

If a home equity loan costs more than you are willing to spend, it might be worth considering a home equity line of credit (HELOC) or personal loan, depending on how much you need to borrow and what you need. use. the money for.

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Synchrony Reports Fourth Quarter 2021 Results https://laprairie-shlm.com/synchrony-reports-fourth-quarter-2021-results/ Fri, 28 Jan 2022 11:00:00 +0000 https://laprairie-shlm.com/synchrony-reports-fourth-quarter-2021-results/ STAMFORD, Conn.Jan. 28, 2022 /PRNewswire/ — Synchrony Financial (NYSE: SYF) today announced its fourth quarter 2021 results for the period ending December 31, 2021. The earnings press release, financial tables and documents related are available on the company’s website. Investor Relations website at https://investors.synchrony.com/financial-results. Today at 8:00 a.m. Eastern TimeBrian Doubles, President and CEO, and […]]]>

STAMFORD, Conn.Jan. 28, 2022 /PRNewswire/ — Synchrony Financial (NYSE: SYF) today announced its fourth quarter 2021 results for the period ending December 31, 2021. The earnings press release, financial tables and documents related are available on the company’s website. Investor Relations website at https://investors.synchrony.com/financial-results.

Today at 8:00 a.m. Eastern TimeBrian Doubles, President and CEO, and Brian Wenzel Sr., executive vice president and chief financial officer, will host a conference call to review financial results and outlook for select business drivers. The conference call can be accessed via audio webcast on the Investor Relations website at www.investors.synchronyfinancial.com, under Events and Presentations. A replay will also be available on the site.

About synchronization
Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative consumer banking products, in key sectors such as digital, retail, home, automotive, travel, health and pets of company. Synchrony enables our partners to increase sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers.

Synchrony changes what is possible through our digital capabilities, deep industry expertise, actionable data insights, seamless customer experience, and customized financing solutions.

For more information, visit www.synchrony.com and Twitter: @Synchrony

Investor Relations
Catherine Miller
(203) 585-6291
[email protected]

Media Relations
Lisa Lanspery
(203) 585-6143
[email protected]

SOURCE Synchrony Financial

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5 ways to save more money in the new year https://laprairie-shlm.com/5-ways-to-save-more-money-in-the-new-year/ Thu, 27 Jan 2022 14:04:13 +0000 https://laprairie-shlm.com/5-ways-to-save-more-money-in-the-new-year/ LOS ANGELES – January 27, 2022 – (Newswire.com) iQuanti: Saving more money is a common New Year’s resolution. But many people who express a desire to save more may not know good ways to do so. Luckily, saving money can be easy if you just change your habits. Here are 5 ways to save money […]]]>

LOS ANGELES – January 27, 2022 – (Newswire.com)

iQuanti: Saving more money is a common New Year’s resolution. But many people who express a desire to save more may not know good ways to do so. Luckily, saving money can be easy if you just change your habits. Here are 5 ways to save money for the New Year:

1. Pay yourself first.

Have you ever noticed that when you wait until the end of the month to save, there seems to be nothing left in your bank account? Paying yourself first means taking money out of your paycheck and setting it aside for savings. Then what’s left is yours to spend. This approach gives you peace of mind that you can add to your savings no matter what happens during the month.

2. Reduce subscriptions.

Many families take pride in lowering their cable bill by switching to streaming services. But the financial reality is that having too many streaming services or other monthly subscriptions can cost just as much, if not more.

If you know you’ve gone subscription crazy, create a list of all current monthly subscription services, TV or otherwise. Then prioritize based on which ones you actually use. Be ruthless when reducing. Then, transfer the saved money directly to your savings account.

3. Increase contributions to tax-advantaged savings accounts.

Savings that go into a tax-advantaged account, like a company-sponsored 401(k) plan, may actually benefit you more than savings that go into a regular savings account. If you’re not already doing so, make sure you contribute enough to your company’s pension plan to get the match from your employer.

If you already contribute to a tax-advantaged savings account, commit to saving an additional 1% this year. Then, next year, do it again. These small savings will accumulate over time and allow you to have a successful retirement later in life.

4. Put credit card rewards directly into savings.

Many credit cards now offer rewards points in one form or another. If you used a cashback credit card to earn rewards, start funneling that money straight into savings. At the end of each month, choose to send those savings directly to the bank instead of spending them on gift cards or statement credit.

5. Think about apps that help you save money automatically.

Money-saving apps like Digit or Acorns can help you save a few dollars a week without you realizing it. Just setting aside $5 a day every working day can lead to huge savings. Over a year, just an extra $25 each week can add up to $1,300. Then, at the end of the year, you can use those savings to accumulate and reach your savings goals.

Alternatives to consider if you need cash fast

Saving money takes consistency, and it takes a little time. But if you need quick access to cash, whether it’s to cover bills or a sudden emergency, there are loan options to consider. For example, if you have a steady income, you might want to consider a cash advance that you can repay with an upcoming paycheck. Then, once you’ve paid off the loan, you can kick into savings mode.

Installment loans and lines of credit are two other loan options to consider. These options can be better than cash advances when you need access to more cash. An installment loan, like a personal loan, can be a low-interest loan option with predictable monthly payments. And a line of credit can give you continued access to money up to your credit limit.

If you are unsure which loan option is best for you, research the most reputable lenders, eligibility criteria, and interest rates. Then choose the loan that can get you the amount you need with the loan terms that suit your situation.

The bottom line

The New Year is the perfect time to start fresh and resolve to save more money. Making small changes like paying yourself first, reducing subscriptions, increasing pension contributions, sending credit card rewards to savings, and using automatic savings apps can all help you reach your savings goals. faster. But if you still need money now, considering loan options like cash advances, installment loans, or lines of credit might be a smart move.

Notice: The information provided in this article is provided for guidance only. Consult your financial advisor about your financial situation.

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Synchrony Earns Top Score for Business Equality Index Seven Years in a Row | national news https://laprairie-shlm.com/synchrony-earns-top-score-for-business-equality-index-seven-years-in-a-row-national-news/ Thu, 27 Jan 2022 14:03:00 +0000 https://laprairie-shlm.com/synchrony-earns-top-score-for-business-equality-index-seven-years-in-a-row-national-news/ STAMFORD, Conn., January 27, 2022 /PRNewswire/ — Synchrony proudly announced that it has received a perfect score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the nation’s largest benchmarking survey and the report measuring corporate policies and practices related to LGBTQ+ equality in the workplace. This is the seventh consecutive […]]]>

STAMFORD, Conn., January 27, 2022 /PRNewswire/ — Synchrony proudly announced that it has received a perfect score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the nation’s largest benchmarking survey and the report measuring corporate policies and practices related to LGBTQ+ equality in the workplace. This is the seventh consecutive year that Synchrony’s commitment to LGBTQ+ diversity and inclusion has been recognized by the company’s highest score, earning designation as one of the “Best Workplaces for LGBTQ+ Equality “.

“Equity, diversity and inclusion are at the heart of our culture and it’s how we operate.”

“Now more than ever, it is essential that we continue to develop and sustain a culture that welcomes, values ​​and celebrates all experiences and perspectives,” said Michael Matthews, Director of Diversity and Corporate Responsibility at Synchrony. “Equity, diversity and inclusion are at the heart of our culture and it’s how we operate. We are grateful to be recognized for our continued commitment as the best workplace for LGBTQ+ equality. “

Synchrony cultivates a diverse and inclusive workplace through its eight diversity networks, with more than 10,000 employees actively working in these employee resource groups to help attract, retain and develop diverse talent. Through the company’s LGBT+ network, thousands of employees help cultivate an environment where individuals can thrive, be authentic themselves, and help advocate for LGBTQ+ people in the communities and markets we serve.

In 2002, the first year of the IEC, only 13 companies obtained the highest score, demonstrating the incredible impact that the IEC has had on the business world during its 20 years of existence. This year’s IEC reflects growth in all measurement categories, from the adoption of inclusive non-discrimination policies to equitable health care benefits for transgender employees.

“When the Human Rights Campaign Foundation created the Corporate Equality Index 20 years ago, we dreamed that LGBTQ+ workers, from the factory floor to the corporate office, in big cities and small towns, would have access to the policies and benefits needed to thrive and live authentically,” said Jay Brown, senior vice president of programs, research and training for the Human Rights Campaign. “We are proud that the Corporate Equality Index has paved the way for this reality for countless LGBTQ+ workers in America and abroad. But there is still more to do, which is why we are still raising a times the bar to create more equitable workplaces and a better tomorrow for LGBTQ+ workers everywhere. Congratulations to Synchrony for earning the title of “Best Workplaces for LGBTQ+ Equality” and working to advance the inclusion in the workplace.”

As part of the IEC 2022, Synchrony was evaluated on policies and practices on four key pillars: non-discrimination policies in business entities, equitable benefits for LGBTQ+ workers and their families, support for a inclusive culture and corporate social responsibility. Synchrony’s commitment and policies met all IEC criteria.

The full report is available online at www.hrc.org/cei.

About the Human Rights Campaign Foundation

The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America’s largest civil rights organization working for equality for lesbian, gay, bisexual, transgender, and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to bring about transformational change in the daily lives of LGBTQ+ people, bringing to light inequalities and deepening public understanding of LGBTQ+ issues, with a clear focus on promoting transgender and racial justice. His work has transformed the landscape for over 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, promoting the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through scholarship and training programs; and, with the firm belief that we are stronger working together, he forges partnerships with advocates in the United States and around the world to increase our impact and shape the future of our work.

About synchronization

Synchrony (NYSE: SYF) is a leading consumer financial services company. We offer a wide range of specialized financing programs, as well as innovative consumer banking products, in key sectors such as digital, retail, home, automotive, travel, health and pets of company. Synchrony enables our partners to increase sales and retain consumers. We are one of the largest private label credit card issuers in United States; we also offer co-branded products, installment loans and consumer finance products for small and medium-sized businesses, as well as healthcare providers.

Synchrony changes what is possible through our digital capabilities, deep industry expertise, actionable data insights, seamless customer experience, and customized financing solutions.

For more information, visit www.synchrony.com and Twitter: @Synchrony.

Media Contact

Angie Hu

angie.hu@syf.com

View original content for multimedia download: https://www.prnewswire.com/news-releases/synchrony-earns-top-score-for-corporate-equality-index-seven-years-in-a-row-301469168 .html

SOURCE Synchrony Financial

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