3 Bad Reasons to Get a Personal Loan

Don’t get a personal loan for the wrong reasons.

Personal loans are often a good way to borrow. You can use the loaned money for anything you’d like, and the loans come with a fixed repayment schedule, so you’ll know the costs of borrowing up front as well as the payoff date. The interest rate is also usually well below what you would pay on a credit card (unless you qualify for a special promotional rate).

But that doesn’t mean it’s always a good idea to get a personal loan. In fact, there are plenty of circumstances in which it doesn’t make sense to take on this type of debt. Here are three of the worst reasons to take out a personal loan.

1. Because you don’t have your spending under control

If you are trying to live well beyond your means, a personal loan can, theoretically, provide you with

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China’s Yuan Is Riding High as Economy Recovers, Foreign Investors Pump In Money

The yuan is closing out its strongest quarter against the dollar in more than a decade, boosted by optimism over China’s economic outlook and by the country’s comparatively high interest rates.

From the start of July through Wednesday’s close, the yuan has strengthened 3.9% against the dollar. That puts the yuan on track for its biggest quarterly gain since early 2008, FactSet data shows. The only other bigger quarterly gains on record are from the 1970s and 1980s, long before China began reforming its currency market in 1994.

China’s resilience, as the first country to suffer from the coronavirus and then bring it under control, has helped, said Jason Brady, president and chief executive of Thornburg Investment Management. “What we do see is a strong Chinese economy, which is part of what’s behind the strong renminbi,” he said, using another name for the currency.

Having returned to work, China is

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EU financial services chief will cut off City of London if necessary

By Francesco Guarascio and Huw Jones

a group of people standing in front of a building: Outbreak of the coronavirus disease (COVID-19) in London

© Reuters/John Sibley
Outbreak of the coronavirus disease (COVID-19) in London

BRUSSELS/LONDON (Reuters) – The European Union is ready for every type of Brexit, including granting no further EU access to Britain’s financial sector, the bloc’s candidate for financial services chief said in a document seen by Reuters.


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After Dec. 31, when a transition deal ahead of a full-blown Brexit ends, financial services companies in Britain will have to access the EU via its “equivalence” system.

The EU has already granted temporary access to UK clearing houses from January under this regulatory regime.

Mairead McGuinness, the EU’s financial services commissioner designate, said from January there would be significant changes in financial services between Britain and the EU, regardless of whether UK-EU talks that continue this week reach on a free trade agreement.

“As tensions in the overall EU-UK negotiations have increased, we

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Cybersecurity Business Opportunities In The Marina Industry With IMO 2021

Stefan Leipold CEO of STARK ProSysCo.biz and Leipold.com, international Cyber-Security speaker since 2003.

Starting January 2021, the International Maritime Organization (IMO) requires vessels to be cybersecurity compliant in international waters and everywhere they go in the world. Flag states will ultimately be in charge of putting in place regulations for their country or flag state and will be enforcing those regulations on their inspections of the vessels. This opens up new business opportunities globally for cybersecurity companies to cooperate with known providers in the marine industry and provide their combined services to existing clients and new customers by adding a cybersecurity plan to the existing International Safety Management (ISM) plan, a regulation that applies to every vessel that has a current, active and approved ISM through their flag state.

Most vessel manufacturers build vessels such as tankers or luxury yachts based on client demands, and from my observations, most

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