In today’s fast-paced work environment, where financial stress is a common concern, employers are
increasingly turning to financial wellness programs to support their employees. These programs offer a
range of benefits aimed at empowering salaried individuals to manage their finances effectively.

Let’s delve into the key components and advantages of implementing such initiatives:

● Financial Education and Training:
Workshops, seminars, and online resources provide essential knowledge on budgeting, debt
management, saving, investing basics, retirement planning, and tax planning.

● Personalized Financial Counseling:
One-on-one sessions with certified financial planners offer tailored guidance on debt repayment,
investment review, and retirement planning, addressing individual concerns.

● Access to Financial Tools and Resources:
Providing financial planning tools, budgeting apps, and online resources enables employees to
track expenses, set goals, and make informed decisions about their finances.

● Debt Management Assistance:
Support with managing debt effectively, including strategies for paying off high-interest debt and
avoiding debt traps, helps alleviate financial burdens and promotes stability.

● Integration with Employee Assistance Programs (EAPs):
Incorporating financial wellness components into existing EAPs offers comprehensive support,
including counselling services, legal aid, and financial planning assistance.

● Retirement Planning and Savings Programs:
Educating employees about retirement savings and offering workshops, employer-sponsored
plans, and incentives like matching contributions encourages long-term financial security.

● Incentives and Rewards:
Implementing recognition programs, matching contributions, bonuses, or prizes incentivizes
employee engagement with financial wellness initiatives, fostering a culture of responsibility.

● Regular Financial Check-ins and Assessments:
Periodic assessments allow employees to evaluate progress, identify areas for improvement, and
adjust financial strategies, while also enabling employers to refine programs based on feedback.
In conclusion, financial wellness programs play a vital role in promoting the overall well-being and
productivity of salaried individuals. By providing the necessary tools and support to navigate financial
challenges effectively, employers contribute to the success and sustainability of both their workforce and
organization as a whole.

(By Krishnendu Chatterjee, VP and Business Head – Staffing, Team Lease)

The post 8 Key Components and Benefits of Financial Wellness Programs for Salaried Individuals first appeared on Newspatrolling.com.

Whether you’re a business owner or about to head to college, it����ֱ�� never too late or too early to start taking control of your financial future. 

This requires you to be strategic with spending your money and consider investment and saving options. 

Here are five personal finance strategies you can implement to take control of your finances to help you plan—and save—for the future.  

1. Stick to a Budget

Budgeting is one of the most essential strategies. As a business owner, you must maintain a budget for your business and personal spending. As an individual, you should also track how much money you have coming in and your expenses. 

It cultivates the habit of planning for the future, whether regarding business expansion, personal milestones, or unexpected contingencies. Furthermore, a well-structured budget promotes accountability, encouraging a continuous review and adjustment of financial strategies in response to evolving circumstances. 

2. Make Smart Investments

Investing can seem daunting, especially for beginners. Luckily, a couple of investment options are easy to get started with. 

High-yield savings account

Those nervous about investing in assets can open a high-yield savings account (HYSA). These accounts have a high annual percentage yield (APY), meaning you will get a decent return on your money without investing it. 

Mutual funds

A mutual fund involves purchasing shares that represent ownership in a diversified portfolio of investments. The fund manager decides where the money is invested. 

The benefit of a mutual fund is that all your money won’t be locked in a single investment, which helps to diversify your investment portfolio.

Stocks

Once you become more comfortable investing and trading, you can invest in individual stocks. This form of self-directed trading allows you to identify which stocks to buy and when to sell them. 

If you buy a stock at the right time (like when a new business is starting to show potential), you can grow wealth and secure your financial future. 

Short-term certificates of deposit

A certificate of deposit (CD) is another kind of savings account with a high APY. A CD works as follows: You deposit money into the account for a certain period. You cannot access your money during this period unless you’re willing to incur a penalty. 

Once the period expires, you can withdraw your money or reinvest it in a new CD. CDs range from six months to five years—the longer the time, the higher the APY.

Money market account

A money market account (MMA) is a low-risk savings account. It offers a higher APY than a traditional savings account, plus you get a debit card to access your funds. 

Shop around at different banks to check out the MMAs that they offer. This strategy will help you get a good deal with a high APY account. Note that some accounts have penalties if you withdraw a certain amount early. The penalty is most often lost interest.

3. Pay Off Debts

This may seem obvious, but many people don’t consider paying off debts essential to securing their financial future. To start planning for your future, you must first pay off any outstanding debts, like car loans, student loans, and credit cards. 

Your credit score may suffer if you have plenty of debt, making it more challenging to take out loans in the future.

By prioritizing debt repayment, you lay the groundwork for a more robust financial foundation. This proactive approach frees up resources and positions you to make better decisions about savings, investments, and other aspects of future planning. 

It’s a solid financial base upon which you can construct your aspirations and long-term goals. So, addressing and settling outstanding debts is an essential first step before charting your future endeavors. 

4. Start an Emergency Fund

Whether you need to replace your car����ֱ�� tires, pay an unexpected medical bill, or lend money to a loved one, setting aside some money is always a good idea.  

Emergency funds can prevent you from going into debt or having to apply for high-interest loans to cover unplanned expenses. 

5. Sort Out Your Retirement Savings

When you’re still young and just starting your career, retirement is the last thing on your mind. As soon as you start earning money, you should also begin planning for retirement. 

If you’re lucky, your employer may contribute to a retirement fund or your 401(k) plan, or you may have to use your income to get started. It����ֱ�� best to talk to a financial advisor about retirement savings plans.

Conclusion

Thinking about the future and how to remain financially savvy can be daunting. There����ֱ�� no better time than the present to get started. 

With many investment options at your fingertips, you can start planning for your future now. Whether you want to save money to start a business or simply have cash aside for a rainy day, a financial plan can align with your goals.

The post A Guide To Taking Control of Your Financial Future first appeared on Newspatrolling.com.

In today’s fast-paced world, managing personal finances can be challenging. Unexpected expenses, emergencies, or unplanned purchases may arise, requiring additional funds. When faced with such circumstances, small loans and credit cards can be viable solutions. However, before diving into either option, it’s essential to understand their characteristics, advantages, and disadvantages. So, are you in need of some extra funds to cover your financial expenses? When faced with such a situation, you may find yourself considering different options to meet your financial needs. Two common options that individuals often explore are small loans and credit cards. Both financial tools can provide you with the necessary funds, but they work in different ways. In this blog, we will compare small loans and credit cards, examining their features, benefits, and drawbacks to help you make an informed decision regarding your financial situation.

Understanding Small Loans

, also known as personal loans, are typically fixed amounts borrowed from a financial institution or lender. These loans are repaid over a specific period with interest. Small loans offer a lump sum of money that can be used for various purposes, such as consolidating debts, covering medical expenses, or making large purchases.

Exploring Credit Cards

Credit cards, on the other hand, are a form of revolving credit. They provide individuals with a line of credit, allowing them to make purchases up to a specified limit. Unlike small loans, credit cards provide the flexibility to borrow and repay multiple times within the credit limit. Repayments are made either in full or in minimum monthly instalments, with interest charged on the remaining balance.

Factors to Consider

When deciding between small loans and credit cards, several factors should be considered:

1. Financial Need

Assess your specific financial situation. Determine the amount you need, the purpose of the funds, and your repayment capabilities. Understanding your requirements will help you choose the option that best aligns with your needs.

     2. Interest Rates

Compare the interest rates offered by lenders and credit card providers. Small loans generally have fixed interest rates, while credit card interest rates can vary depending on the card and your creditworthiness. Consider the long-term implications of interest rates on your financial situation.

     3. Repayment Terms

Examine the repayment terms associated with small loans and credit cards. Small loans have structured repayment plans, typically ranging from a few months to several years. Credit cards offer minimum monthly payments, but if not managed properly, they can accumulate debt and extend repayment periods.

     4. Credit Score Impact

Both small loans and credit cards can impact your credit score. Responsible and timely payments can improve your creditworthiness. However, missed payments or excessive credit card utilisation can negatively affect your credit score.

Benefits of Small Loans

Small loans come with various advantages:

1. Fixed Amount

With small loans, you receive a lump sum amount that is determined at the time of approval. This can be beneficial for specific purposes, such as purchasing a car or covering home repairs.

     2. Structured Repayment

Small loans have fixed repayment terms, allowing you to plan your budget accordingly. You’ll know the exact monthly instalment and the duration of the loan.

     3. Lower Interest Rates

In some cases, small loans offer lower interest rates compared to credit cards. This can result in significant savings over time, especially for long-term loans.

Benefits of Credit Cards

Credit cards offer their own set of advantages:

1. Flexibility

Credit cards provide the freedom to make purchases as needed within the credit limit. This can be useful for managing day-to-day expenses or unforeseen emergencies.

     2. Rewards and Perks

Many credit cards offer rewards programs, cashback incentives, or travel benefits. If used responsibly, credit cards can help you earn rewards or enjoy exclusive perks.

     3. Build Credit History

Credit card usage, when managed responsibly, can establish a positive credit history. Regular payments and low credit utilisation demonstrate financial reliability.

Drawbacks of Small Loans

Consider the following drawbacks associated with small loans:

1. Fixed Amount

Unlike credit cards, small loans offer a one-time lump sum. If you require additional funds later, you’ll need to apply for a new loan.

     2. Longer Approval Process

Small loans may involve a lengthier approval process compared to credit cards. This can be a disadvantage if you require immediate access to funds.

     3. Early Repayment Penalties

Some small loans may impose penalties for early repayment. If you plan to repay the loan before the agreed-upon term, ensure that you understand any potential fees.

Drawbacks of Credit Cards

Here are a few drawbacks to consider when using credit cards:

1. Temptation to Overspend

Credit cards can lead to overspending if not used responsibly. The revolving nature of credit can result in accumulating high-interest debt.

      2. Variable Interest Rates

Credit card interest rates can fluctuate, making it challenging to predict future repayment amounts. This uncertainty can pose risks if rates increase significantly.

      3. Additional Fees

Credit cards may come with various fees, such as annual fees, late payment fees, or balance transfer fees. Ensure you understand the associated costs before acquiring a credit card.

Making the Right Choice

To determine whether a small loan or credit card is better for your financial situation, consider the factors discussed earlier. Evaluate your financial needs, repayment capabilities, interest rates, and the impact on your credit score. It’s essential to choose an option that aligns with your goals and supports your overall financial well-being.

Achieve Financial Flexibility with Small Loans & Credit Cards

When it comes to choosing between small loans and credit cards, there is no one-size-fits-all answer. Each option has its own advantages and disadvantages. Small loans offer a structured repayment plan and lower interest rates, making them suitable for specific purposes. On the other hand, credit cards provide flexibility and rewards programs, but they require responsible usage to avoid accumulating debt. Consider your financial situation, goals, and preferences to make an informed decision that suits your needs. Moreover, KreditBee provides , Flexi personal loan, personal loan for salaried and more with low-interest rates. So, what are you waiting for? Evaluate the loan amount you are eligible today!

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If you are finding it difficult to pay your essential bills, please do note that you are not alone. As per a report published by the Federal Reserve, around 1/4th of adults in the United States are facing issues with clearing their bills. Either some bills are left unpaid or only partial payment is made. Not paying bills can further complicate the situation due to interest charges, late fee, bad credit rating, etc.

Of course, you have the option to borrow or tap into your savings or emergency fund. However, such options should be considered only as a last resort. Given below are some tips and suggestions, in terms of what to do when you cannot pay your bills.

Prioritize important bills – Seeing a heap of unpaid bills can be emotionally overwhelming. However, instead of losing your calm and composure, just try to prioritize the most important bills. You have to focus on the basics such as home, food, utilities, insurance, etc. Such bills can never be avoided. You will probably need to borrow from your bank or someone else to pay your important bills.

Get professional financial counselling – It may seem to be a simple matter of shortage of funds. However, your inability to pay bills can be linked to the way you manage your funds. You can probably try to get some sound financial advice from organizations like the National Foundation for Credit Counseling and the Financial Counseling Association of America.

You can also choose from the approved credit counselors list maintained by the Department of Justice. Through professional financial counselling, you can develop a detailed plan on how to reduce your debt and pay your bills.

Get started with a monthly budget – To improve your finances in the future, you need to start preparing monthly budgets. This can be easily done in a notepad or excel sheet. Make sure to list all income sources and all the expenses of the month. This will give you a better idea about which expenses are giving you a tough time. Accordingly, you can try to reduce those expenses.

Do people owe you money? – It is not uncommon for people to lend money to their friends and relatives. If some people owe you money and you are unable to pay your bills, it is the right time to contact them. You may or may not get the repayment immediately, but a phone call will be a step in the right direction.

Be in touch with your creditors – Communicating with your creditors can give you additional time to pay your bills. It is often just a matter of speaking to the right person. Everyone understands the financial difficulties people face in life. The problem arises when you completely stop communicating with your creditors. If you communicate regularly, you can get a good deal on paying your unpaid or partially paid bills.

Declaring bankruptcy is a last resort – It may seem like that, but declaring bankruptcy does not eliminate your bill payments. There is a penalty involved and your credit record stores bankruptcy for ten years. This is why declaring bankruptcy should only be used as a last resort.

The post What To Do When You Can’t Pay Your Bills? first appeared on Newspatrolling.com.

With United States debt at an all-time high, economists are sounding the alarm bells. Estimates indicate that the US could default by as soon as June 01. The US Dollar being the global reserve currency, the impact will be felt across the globe. The US debt default is a situation where the debt ceiling has been breached. If the debt ceiling is not increased or other measures are not taken, the US won’t have enough money to pay its bills.

With so much at stake, it makes us wonder as to how a US debt default will affect Americans. To get an idea, here are some of the potential fallouts of a US debt default.

Duration of debt default – The overall impact of US debt default will depend on the duration of debt default. If it is just a couple of days, it is unlikely to impact the public in general. But if the default stays for a week or more, it can have severe consequences. The economic ripple effect will be felt across the globe.

It is to note that the US has missed debt payments earlier also. However, every new crisis is different. So, overall impact is likely to be different each time. The globe is currently witnessing emergence of new powers, which can complicate the repercussions of US debt default.

Plunging stock markets – If the US debt default situation lingers for long, it can result in a drop at Wall Street. Stock markets across the globe will also be negatively impacted. From the point of view of average Americans, their savings could be impacted. It can include various types of savings such as college savings, retirement savings and 401K plans. Most other savings and investments will also be impacted.

Cut in federal programs – With US debt default, a number of federal programs could be adversely impacted. It includes Medicare, Medicaid, Social Security, SNAP benefits and veteran benefits. Immediate impact could be on payments to be made in early June. It includes military and civilian retirement benefits worth $12 billion (June 01), tax refunds worth $1 billion (June 07) and federal salaries worth $4 billion (June 09).

Higher interest rates – If US defaults, interest rates applicable on US debt will witness an increase. This in turn will have a cascading effect. It will lead to higher interest rates on mortgage, car loan, credit card debt, etc. All of these will become more expensive.

Recession can lead to job cuts – If the US defaults, there’s a risk that the economy will dive into a recession. For average Americans, there will be less jobs available. It will become harder for small businesses to stay afloat.

Unsustainable debt – Even when the present crisis will be controlled, there’s a more longer-term impact in the making. If the US debt continues to rise at the same rate, just paying the interest on the debt would become a humongous task in around 30 years.

For example, around 50 percent of taxes being paid by US taxpayers will be just the interest portion of US debt. The government will have no option other than to make major cuts in spending. This in turn could lead to around 1/4th cut in Social Security benefits.

Even though the situation looks gloomy, we are sure economists and lawmakers are working to find a solution. The easiest way would be to increase the debt ceiling. Since World War II, more than 100 modifications have been made to the debt ceiling. The last change was in 2021, when the debt ceiling was increased to $31.38 trillion.

The post How A U.S. Debt Default Will Affect Americans? first appeared on Newspatrolling.com.

Payday loans are a great help when it comes to meeting cash crunch situations. However, due to their high rate of interest and short repayment period, many people are unable to repay their payday loan. Depending on the state, the cost of a payday loan can be as high as annual percentage rate (APR) of up to 400 percent. In comparison, credit cards have APRs of around 13 to 30 percent. It explains why payday loan defaults are so common.

Defaulting on payday loans can impact your credit score. Additional fees and charges will start accumulating and you may get collection calls from the lender. In extreme cases, you may also have to visit a courtroom. To better understand the eventualities, let’s take a look at what happens if you default on your payday loan.

Late fee and additional charges – Additional charges applicable on payday loan default will depend on the terms and conditions mentioned in the loan agreement. If there is balance available in your bank account, the loan amount will be deducted. It will be done even if your bank account balance reaches below the minimum account balance. In such cases, your bank may charge a fee.

In case your bank account does not have sufficient funds, the bank may convert the loan amount due into smaller chunks. This way, they can claim whatever balance you have in your bank account. Every time a payment request bounces, an additional fee may be applicable. Some payday lenders also have the provision to charge late fees when you default on your payday loan. As is evident, defaulting on a payday loan can wreck your bank account.

Collection calls – If you default on your payday loan, your lender may start calling you. They can also call your friends and relatives, whom you may have mentioned as references while taking the loan. Although lenders do not have the right to explain your situation to your references, they can call to help locate you. Please note that defaulting on a payday loan is not a criminal offence. So, you should not be intimidated by threat calls of arrest or jail time. If you receive such threats, you need to contact your state attorney general’s office.

Court summons – Even though you cannot be arrested or jailed for defaulting on your payday loan, you can still be asked to be present in the court. This happens when you are sued for not repaying a payday loan. The court can issue a summon even if you owe a small amount. Lenders usually approach the court, as they know that most people will not show up. In such cases, they get the judgment in their favor.

Depending on the state, default on payday loans can lead to bank account levies, property liens and wage garnishment. That is why it is important to be present in the court. Explain the situation and you may get more time to repay your debt.

There are various ways to deal with a payday loan default situation. One of the best options is to negotiate for a rollover or renewal of your payday loan. If the lender agrees, the amount you owe will be converted into a new loan. The overall cost of the loan will double, but at least you will have more time to repay. You will also be able to avoid all the hassles explained above.

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Need to buy something, but don’t have funds? We all face such situations from time to time and it can be quite frustrating. But many of us don’t realize that there are quite a few ways to raise cash fast. Of course, you can borrow from family and friends. But apart from that, there are various other ways to make quick cash. To understand the options, here are some great ways to raise quick cash.

Quick cash loan – If you are eligible, you can raise cash fast with a quick cash loan. These are quite like personal loans, but you can get it much faster. Depending on where you are applying, you can raise quick cash within minutes. However, quick cash loans have a certain limit and higher interest rate.

Sell your electronics – Gold and jewelry are not the only stuff you can sell at pawn shops. You may be able to sell your electronic items as well such as smartphones, flat-screen television, digital camera, etc. You can also sell sporting equipment and musical instruments to make quick cash.

Babysit – There are quite a few apps that can get you started on your babysitting job in no time. These apps can help you find clients in your neighborhood and can also get you the best rates possible.

Garage sale – If you have some time to spare, you can organize a garage sale. You can also host a garage sale online. Raising cash from a garage sale can be a bit tiring. But by the end of the day, you might end up with a good amount of cash in hand.

Pet sitter – Love animals? A pet sitting assignment can earn you some quick cash. There are dedicated apps that cater to unlocking pet sitting opportunities in your area. Depending on the animal you are entrusted with, pet sitting can be a better overall experience than babysitting.

Hunt your house for loose change – If you are among the ones who have little care for change, it is possible that your home may be holding a significant amount of funds in loose change. It can be lying around in closets, desks and clothes.

Take up a gig job – With freelance websites and apps, you can find a variety of gig jobs in your neighborhood. You can take up gigs based on your liking and areas of expertise. Various gigs are available such as handyman jobs, survey, cleaning, etc.

Take a survey – There are various online sources that will pay you a fee for taking a survey. You can choose to participate in surveys based on your areas of interest.

Deliver groceries – You can apply for a part-time position as a delivery executive. All you will need is a smartphone, a delivery vehicle and a background check. You can deliver groceries, food, medicines, etc.

Paycheck advance – If you are already employed, you can ask your employer for a paycheck advance. If you have good relations and proven track record, your paycheck advance could be approved. And you don’t have to pay interest.

Street performance – If you have some great skills, you can monetize it on the streets. For example, you can perform magic tricks or play the guitar. There are various other performances that can get you not just cash, but also the appreciation of visitors.

Donate plasma – If you are in good health, you can donate your plasma to raise quick cash. You will also be doing service to humankind, as your plasma will potentially save someone����ֱ�� life.

Rent your car – There are apps that can help you earn money from your car. You can choose this option if you do not use your car very often.

Rent your parking – Parking is a big hassle in big cities. If you have parking space available, you can rent it out to make quick cash. You can list your parking space on apps that provide such services.

The post How To Raise Cash Fast? first appeared on Newspatrolling.com.

The value of your home equity will remain an unusable asset unless you take steps to unlock it. As you continue to pay your mortgage installments, the home equity value continues to rise. Value of home equity may also increase if there is a rise in property prices in your area. Rather than let it sit idle, you can make use of the value of home equity. There are various options, as to how you can take full advantage of your home equity. Some of these are described below.

Home improvement – Living for years in the same environment can get a bit boring. The solution is home improvement or home renovation that you can get done via a home equity line of credit (HELOC). The process for HELOC will be similar to that of applying for a mortgage. Your ability to pay your loan will be evaluated by examining your credit score, debt-to-income ratio, annual income, etc. The lender will also assess the current market value of your home.

College education – Getting access to top quality education can be a big boost for your child’s career. However, college education can be quite expensive. You can use HELOC to fund your child’s college education. Using HELOC works out better than student loan when you do not want your child to be burdened with debt at an early age.

Debt payments – Using HELOC, you can pay off your high interest loans such as car loans and credit card debt. With HELOC, you can consolidate all your debts into a single debt. This will make life simpler and you will probably be able to benefit from a lower interest rate. When consolidating loans using HELOC, make sure you will be able to repay the installments. Because defaulting on credit card dues won’t affect your home, but defaulting on HELOC can make you lose your home.

Emergency expenses – Financial advisors often recommend that you create an emergency fund to deal with unpredictable developments. However, this may not be possible for everyone. Thankfully, you can use HELOC to deal with a temporary financial crisis. For example, it can be situations such as losing your job or having to pay large medical bills.

Starting a new business – Every new venture will require some amount of funds to begin with. Borrowing from market sources can attract high interest rates. If you are confident about your repaying capability, you can consider HELOC to fund your new business. HELOC should be avoided in case you are venturing into a high-risk, high-profit scenario.

There are various other ways in which you can use home equity to your advantage. For example, pursuing higher education, wedding expenses, etc. Just make sure you use the funds in a careful manner and avoid being extravagant. After all, unlocking home equity means new installments to be paid every month.

The post How To Take Full Advantage Of Your Home Equity? first appeared on Newspatrolling.com.

Today, paying rent is a significant expense for individuals living away from their hometowns. Additionally, finding the ideal financial tool to pay rent on time can be difficult, as nobody has the time to take out cash every month with their busy lives. If you can relate to this, a credit card may help. Rent payments using credit cards are becoming increasingly popular, and many people use it as a convenient way to pay their rent. In this post, we will discuss the benefits of rental payments via credit card.

Benefits of Paying Rent with a Credit Card in India

While most people pay rent through conventional methods like cash, cheques or online bank transfers, paying with a credit card is gaining quite a lot of traction as well. This can have several advantages, such as earning reward points, and cashback, it can even help improve your credit score.

Let����ֱ�� discuss these benefits in detail.

1. Cashback and Rewards

One of the biggest advantages of paying rent with a credit card in India are the cashbacks and rewards you can earn. Many credit cards offer cash back or reward points when you pay with them. For example, if you have a credit card offering 1% cashback on all transactions, you could earn a significant amount by paying your rent with your credit card.

      2. EMI Facility

Another benefit of rent payment using a credit card is the EMI facility. It allows you to pay your rent in instalments over a set period. It can be beneficial if you’re struggling to pay rent in one go, as it allows you to spread the cost.

     3. Convenience and Ease of Payment

Paying your rent with a credit card is incredibly convenient as it can be done online. You don’t have to worry about carrying cash or writing a cheque; the payment is processed quickly.

     4. Credit Score Improvement

Paying your rent with a credit card on time every month can also improve your credit score. A good credit score is essential if you want to apply for a loan or another credit card in the future. By paying your rent with your card, you can demonstrate to lenders that you behave responsibly when it comes to finances and can manage your debt effectively.

How to Pay Rent Using a Credit Card?

Some issuers offer rent payment using credit cards that allow you to pay your rent hassle free. These facilities may have lower processing fees and offer additional benefits such as reward points and EMI options. However, checking the terms and conditions before going for these options is essential, as they may have eligibility criteria and other restrictions.

Here are the ways you can choose to pay rent using a credit card:

1. Use online gateways – You can also use online gateways when looking to pay rent with credit cards. Many popular credit cards, such as OneCard, allow you to pay rent conveniently. The card does not have any hidden charges and is very secure for payments over the internet.
2. Use cash – Online platforms being the best way to pay rent using a credit card, withdrawing cash from credit card can be the last resort. You can withdraw cash from an ATM using your credit card. However, cash advances usually have charges associated with the withdrawal, so it’s important to understand the terms and fees associated with your card before using this method for paying rent.

Conclusion

Paying with a credit card is not just a convenient way to pay your rent on time but also a great way to supplement your finances by earning rewards and cashbacks, while also improving your credit score. Check with your credit card company and see if they have any special deals or relaxed norms with respect to paying rent. If you’re going to pay your dues, then why not earn something back while you’re doing so?

The post Pay Your Rent with a Swipe: Credit Card Rental Payments first appeared on Newspatrolling.com.

Short sellers make news from time to time, with their flair to make millions by shorting stocks. Short selling is essentially taking a negative position of a stock and expecting the price to fall. This is just the opposite of conventional stock trading where investors make money when stock prices rise.

Short sellers usually target companies that have fluctuating stock values. Or it could be businesses that have high valuation, but not backed by adequate revenues or assets. Short selling can also be a purely speculative activity, wherein a group of entities may try to trigger a stock crash via large sell orders.

In the history of stock markets, there have been some very successful short sellers. To better understand their talent, here is a look at some of the richest short sellers of all time.

Steve Eisman – An American investor and businessman, Steve Eisman showed his short selling maverick at the time of US housing bubble collapse. This occurred during the period between 2007-2008. Steve Eisman focused primarily on shorting collateralized debt obligations (CDOs). He did this while he was employed with Connecticut-based FrontPoint Partners LLC. FrontPoint was a part of Morgan Stanley. Steve’s success at shorting CDOs boosted his career and he went on to manage more than $1 billion for FrontPoint.

John Paulson – Financial foresight can be hugely rewarding and a perfect example is John Paulson, an American hedge fund manager. He made a fortune when he shorted the US housing market. Aware of the looming subprime mortgage crisis, John betted against mortgage-backed securities using credit default swaps. It is estimated that he earned around $4 billion.

Fahmi Quadir – One of the most notable short selling cases involving Fahmi Quadir was Valeant Pharmaceuticals International, Inc. The stock was shorted just as it was nearing its peak valuation. From $257, the stock fell to $28, thereby losing around 90% valuation. Fahmi Quadir was working with Krensavage at that time and the shorting helped earn around $2.8 billion in profit.

David Einhorn – An American hedge fund manager and investor, David Einhorn is known for taking bets against Lehman Brothers Holdings Inc. He pointed out that Lehman had significant exposure to illiquid real estate investments. He also mentioned issues with accounting practices and financial statements of the company. David’s statement resulted in sharp drop in share price of Lehman Brothers. The company suffered quarterly loss of $2.8 billion and eventually declared bankruptcy in 2008. David Einhorn is currently managing funds worth $5.5 billion.

George Soros – A Hungarian-American businessman, George Soros is considered as the richest short seller of all time. He had made several shorting bets against various entities during his career. His most ambitious shorting bet was against the Bank of England. Soros used USD10 billion to short sale pound sterling, which resulted in sharp drop in valuation of the currency.

Such was the loss that Soros started being called as ‘the man who broke the Bank of England.’ Soros is estimated to have made profits of $1 billion by shorting Bank of England. Soros net worth is around US$ 8.6 billion. He has donated more than US$ 32 billion to Open Society Foundations.

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