How to get approved for a personal loan

Personal loans offer many advantages but it’s important to consider the finer details. (iStock)

Personal loans are no longer just for consolidating debt; consumers utilize personal loans to fund a variety of purchases: from weddings to financing education and funding new business ventures.

Personal loans offer many advantages, including lower interest than many credit cards. According to recent Experian data, personal loans are growing faster than any other type of installment loan, which is why it’s important for consumers considering this financial product to know the details of what a personal loan is and how to get one.

How can I get a personal loan?

There are two types of personal loans: secured and unsecured. Secured means you put up some type of collateral to take on the loan. With a financial asset (think a car, savings account, or home) held as surety, lenders offer lower interest rates

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German economy shrank by record 9.7% in second quarter

27 July 2020, Berlin: A traveller with a mouthguard comes out of the door of the arriving planes at Tegel airport.

Annette Riedl | picture alliance via Getty Images

The German economy contracted by a record 9.7% in the second quarter as consumer spending, company investments and exports all collapsed at the height of the COVID-19 pandemic, the statistics office said on Tuesday.

The economic slump was much stronger than during the financial crisis more than a decade ago, and it represented the sharpest decline since Germany began to record quarterly GDP calculations in 1970, the office said.

Still, the reading marked a minor upward revision from an earlier GDP estimate for the April-June period of -10.1% quarter-on-quarter that the office had published last month.

Consumer spending shrank by 10.9% on the quarter, capital investments by 19.6% and exports by 20.3%, the seasonally adjusted GDP data showed.

Construction activity, normally

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Best Car Insurance in Massachusetts 2020

This year, about 5 million drivers are out on the roads in Massachusetts. Unfortunately, in 2019 Massachusetts drivers were involved in more than 140,000 crashes. As in every other state, it’s required to carry auto insurance if you’re driving in Massachusetts.



a tall building in a city: boston skyline


© DenisTangneyJr/E+/Getty Images
boston skyline

While you’re shopping for car insurance in Massachusetts, consider these tips:

To help you more, we’ve identified the top options and tips to help make sure you find the right fit.

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The top car insurance companies in Massachusetts

Each insurance company in Massachusetts ranks differently when it comes to individual factors like price, interaction and overall satisfaction. The JD Power 2020 U.S. Auto Insurance Study ranked the top five car insurance companies in the local market based on an average of these criteria.

USAA Amica Mutual State Farm Geico Progressive
Rank #1 #2 #3 #4 #5
Score (out of 1,000) 895 863
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Tips from Germany’s social market economy model



a vintage photo of a city


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Perhaps South Africa’s approximation of Germany’s celebrated social market economy – which guided it to such enormous economic and social success after the war – could be the neglected 2013 National Development Plan dusted off, updated, refreshed and actually implemented.

From the ashes and rubble of war, West Germany constructed Europe’s strongest economy – and one of the best in the world – from the blueprint of the “social market economy”.

Just across the Berlin Wall, East Germany tried to rebuild its part of the country with a socialist, totalitarian state which controlled the entire economy and the politics.

West Germany’s formula – a social compact between the left and the right, between labour and business, between free marketeers and socialists demanding a strong state to administer social justice – has been widely credited with steering first West Germany and then,

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Canadian Exchange Shakepay Gets Cold Wallet Insurance to Protect Customer Funds

(Shutterstock)

Crypto exchange Shakepay, which describes itself as “Canada’s fastest-growing bitcoin platform,” conducted a “proof-of-reserves” audit and acquired an insurance policy to reinforce its security, perhaps learning a lesson from fellow Canadian platforms QuadrigaCX, Einstein and Coinsquare, which all lost customer funds or have otherwise been involved in scandals over the past 20 months.

The Montreal-based crypto exchange hired blockchain forensics firm CipherBlade to conduct a full audit of its reserves and security policies. To safeguard its customers’ funds, the exchange also tapped a third-party custodian and secured a specific insurance policy for its cold wallets through Aon, underwritten by insurers with Lloyd’s of London, the exchange announced Wednesday.

Shakepay CEO Jean Amiouny told CoinDesk the exchange supports bitcoin buying and selling, but tries not to actually hold onto its customers crypto holdings any longer than necessary.

Related: Deribit Suffers Outage Over ‘Hardware Issues,’ May Miss Thursday’s Options Expiry

This reduces

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RBI Allows One-Time Restructuring Of Corporate, Personal Loans

RBI Allows One-Time Restructuring Of Corporate, Personal Loans

RBI has made provisions for restructuring of personal and corporate loans

In a major relief to corporate and retail borrowers, the Reserve Bank of India (RBI) on Thursday permitted banks to go for one-time restructuring of loans that are facing stress due to the COVID-19 crisis with a view to mitigating risks to financial stability. The restructuring will be allowed as per the prudential framework issued on June 7, 2019, RBI Governor Shaktikanta Das said. RBI also announced setting up of an expert committee headed by veteran banker K V Kamath which will give recommendations on various parameters to be factored into each resolution plan for corporate loans.

“With the intent to facilitate revival of real sector activities and mitigate the impact on the ultimate borrowers, it has been decided to provide a window…to enable the lenders to implement a resolution plan in respect of eligible corporate exposures without change

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S’pore Likely To See L-Shaped Economy Recovery, But There’s A New “K-Shape” Emerging

According to the latest data by the Ministry of Trade and Industry, Singapore suffered its deepest economic slump on record in the second quarter (Q2) of 2020.

In Q2 2020, the economy declined by 13.2 per cent year on year (YoY), sharper than the estimated 12.6 per cent decrease and the worst on record.

MTI expects the economy to shrink between 5 and 7 per cent this year, dialling down its previous forecast of a 4 to 7 per cent contraction.

Minister of Trade and Industry Chan Chun Sing was quoted saying: “The forecast for 2020 essentially means the growth generated over the past two to three years will be negated.”

Five months into the pandemic-induced economic downturn, the shape of “recovery” is coming into focus — and it is not a pretty picture.

Singapore Likely To See L-Shaped Recovery

In a doorstop interview on 27 March, Prime Minister Lee

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BNY Mellon to Speak at the Barclays Global Financial Services Conference

NEW YORK, Aug. 24, 2020 /PRNewswire/ — Todd Gibbons, Chief Executive Officer, and Emily Portney, Chief Financial Officer, will speak at the Barclays Global Financial Services Conference, held virtually, at 7:30 a.m. ET on Tuesday, September 15, 2020. The discussion may include forward-looking statements and other material information.” data-reactid=”12″NEW YORK, Aug. 24, 2020 /PRNewswire/ — Todd Gibbons, Chief Executive Officer, and Emily Portney, Chief Financial Officer, will speak at the Barclays Global Financial Services Conference, held virtually, at 7:30 a.m. ET on Tuesday, September 15, 2020. The discussion may include forward-looking statements and other material information.

www.bnymellon.com/investorrelations). An archived version of the audio portion will be available, beginning at approximately 5 p.m. ET on September 15, 2020 and will remain available until 5 p.m. ET on October 15, 2020.  ” data-reactid=”13″A live webcast of the audio portion of the conference will be

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Low-Income Car Insurance

Car insurance is legally required in most states, but it’s a major financial strain for many Americans. According to the Insurance Information Institute (III), the average annual cost of car insurance in the United States is $1,009, which is roughly $84 a month.



a person posing for the camera: Younger gentleman driving a car; the perspective is from outside the car looking in at him through the windshield.


© Westend61/Getty Images
Younger gentleman driving a car; the perspective is from outside the car looking in at him through the windshield.

Although the price of car insurance varies significantly by state, it’s not cheap. Low-income individuals who can’t afford car insurance are more likely to forego insurance coverage altogether, which can land them in serious trouble.

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However, low-income individuals who struggle to pay for standard insurance have another option-enroll in a low-income auto insurance program. In this article, we’ll explain who qualifies as low-income and what states offer a low-income insurance plan.

What is low-income car insurance?

Low-income car insurance is a type of

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