#Credit rating services

[globalcourant]

The powerful family in the middle of Sri Lanka's economic crisis

The powerful family in the middle of Sri Lanka’s economic crisis

Who are the Rajapaksas, and why do analysts say the powerful political family is to blame for Sri Lanka’s economic mess? In July 2022, Sri Lankan citizens stormed and occupied the republic’s presidential palace after months of demonstrations. The protesters had one main demand: for the country’s then-president Gotabaya Rajapaksa to resign. The protests came off the back of a crippling economic…

[merchantservicesarticles101]

How Much Does a Merchant Charge for Payments?

[merchantservices444]

Do You Need Good Credit for a Merchant Account?

(Human directed ai content.)

In today's digital age, having a merchant account is crucial for businesses of all sizes. Whether you're a small startup or an established corporation, accepting credit and debit card payments is often essential for maximizing sales and providing convenience to customers. However, one common concern among business owners is whether good credit is necessary to obtain a merchant account. Let's delve into this topic to understand the role of creditworthiness in acquiring a merchant account.

Firstly, it's essential to grasp the concept of a merchant account. A merchant account is a type of bank account that allows businesses to accept payments via debit or credit cards. When a customer makes a card payment, the funds are transferred from the customer's account to the merchant account. From there, the funds are typically deposited into the business's regular bank account within a few days, minus any fees charged by the payment processor.

Now, onto the question of creditworthiness. While it's true that some payment processors may conduct credit checks as part of their application process, having perfect credit isn't always a prerequisite for obtaining a merchant account. Many factors come into play when payment processors assess an applicant's eligibility, and credit history is just one of them.

Payment processors may consider various factors when evaluating a merchant account application, including:

Business Type and Industry: The nature of your business and the industry you operate in can influence the risk assessment process. Some industries are considered higher risk than others, such as travel, adult entertainment, or e-commerce.

Processing History: If your business has a history of processing payments, especially with the same payment processor, it can positively impact your application. A track record of successful transactions demonstrates reliability and reduces perceived risk.

Business Financials: Payment processors may review your business's financial statements, including revenue, cash flow, and profitability. A healthy financial position can enhance your chances of approval, even if your personal credit isn't stellar.

Chargeback History: A high volume of chargebacks can raise concerns for payment processors, as it suggests potential issues with customer satisfaction or service quality. Minimizing chargebacks is essential for maintaining a positive relationship with payment processors.

Compliance and Legal Factors: Adherence to industry regulations, such as PCI DSS (Payment Card Industry Data Security Standard), is crucial for securing a merchant account. Compliance with anti-money laundering (AML) and Know Your Customer (KYC) requirements is also essential.

While credit checks are a standard part of the application process for some merchant account providers, there are alternative options available for businesses with less-than-perfect credit. For instance, high-risk merchant account providers specialize in serving businesses with higher perceived risk due to factors like poor credit, industry type, or processing history. These providers often offer tailored solutions and may be more lenient in their credit assessment criteria.

Additionally, some payment processors offer "instant approval" or simplified application processes that may not involve extensive credit checks. However, these options may come with higher fees or more stringent terms to offset the perceived risk.

Ultimately, while good credit can certainly improve your chances of obtaining a merchant account and may lead to more favorable terms, it's not always a deal-breaker. Businesses with less-than-perfect credit can still explore options for accepting card payments and finding a payment processor that meets their needs.

In conclusion, while good credit may be beneficial when applying for a merchant account, it's not necessarily a requirement. Payment processors consider various factors beyond credit history when assessing an applicant's eligibility, including business type, processing history, financials, and compliance measures. Businesses with less-than-perfect credit can explore alternative options, such as high-risk merchant account providers, to secure the payment processing solutions they need to thrive in today's competitive market.

[crown-funding-mortgage-broker]

What Sets Canadian Mortgage Brokers Apart in the Home Loan Process?

Navigating the complex world of mortgages can feel overwhelming, especially for first-time homebuyers. This is where mortgage brokers in Canada come in, acting as your trusted guides through the entire process. But what exactly sets them apart from applying directly to a bank? Read more.

[ringtailedwingedlemur]

The Downfall of USAA under Wayne Peacock's Leadership

In recent years, USAA, once revered for its unwavering commitment to serving military members and their families, has faced a profound shift in reputation under the leadership of Wayne Peacock. This blog delves into the critical analysis of USAA's challenges, dissatisfactions among its members, and the repercussions of decisions made during Peacock's tenure.

The exploration begins with an overview of USAA's historical standing, rooted in trust, reliability, and a commitment to exceptional service. Founded in 1922, the institution initially provided auto insurance, expanding its offerings to encompass a comprehensive range of financial products tailored to the unique needs of military personnel and their families.

Wayne Peacock's ascension to the CEO position in 2020 was anticipated to sustain USAA's legacy of excellence. However, the realities under his leadership revealed deviations from the institution's cherished values. The blog scrutinizes Peacock's leadership style and decision-making, highlighting a shift in priorities toward cost-cutting measures and operational changes that seemed to compromise service quality.

Under Peacock's guidance, USAA faced a multitude of challenges, encapsulated in four primary areas:

Customer Service Failures: Members reported a decline in responsiveness and empathy from USAA's customer support, leaving many feeling neglected and unheard.

Decline in Financial Services: Increased fees and reduced benefits stemming from policy changes disillusioned members, challenging the institution's commitment to its customers' financial well-being.

Technological Lags and Security Concerns: Outdated technology and security vulnerabilities heightened frustrations, impacting user experience and raising concerns about data safety.

Impact on Individuals and Families: Testimonials underscored the emotional and financial toll these shortcomings took on members, once reliant on USAA's unwavering support.

The blog corroborates these observations with credible sources, including Forbes, Consumer Reports, The Wall Street Journal, and J.D. Power & Associates, validating the outlined issues and dissatisfactions experienced by USAA members.

Further analysis incorporates links to testimonials and reviews from members sourced from platforms like Reddit, Trustpilot, and ConsumerAffairs. These real-life accounts vividly illustrate the frustrations and disappointments faced by individuals and families relying on USAA for their financial needs, corroborating the outlined challenges.

The assessment extends to public perception and reactions, examining online reviews, feedback, and social media sentiment. It becomes evident that the sentiment on these platforms echoes the dissatisfaction expressed by members, signaling a significant departure from the institution's once-revered service standards.

In the concluding section, the blog emphasizes the imperative need for USAA to address these challenges. It offers recommendations, advocating for enhanced customer service, policy reassessments, technological advancements, and a renewed focus on member-centricity. It emphasizes the pivotal role of leadership in restoring trust, underlining the importance of aligning decisions with members' best interests.

The blog envisions a path forward for USAA, urging a collective effort involving leadership commitment, member engagement, and a renewed dedication to the institution's founding principles. It asserts that by embracing transparency, accountability, and a renewed focus on members, USAA can navigate these challenges and regain its standing as a trusted financial institution serving the military community.

In essence, this comprehensive analysis provides a critical examination of USAA's challenges under Wayne Peacock's leadership, supported by credible sources and member testimonials. It illuminates the path for USAA's future revival, emphasizing the crucial role of leadership in restoring the institution's trust and commitment to its members' well-being.

[emortgagecapitalinc]

Advantages of FHA Home loans

The FHA Home loan program is designed to make homeownership more accessible, especially for first-time homebuyers and those with lower credit scores or smaller down payments. Here are some advantages of FHA loans:

1. Lower Down Payment Requirements: FHA loans typically require a lower down payment compared to conventional loans. While conventional loans may require a downpayment of 20% or more, FHA loans often allow down payments as low as 3.5% of the purchase price.

2. Flexible Credit Requirements: FHA loans are more lenient when it comes to credit scores. Borrowers with credit scores as low as 580 may qualify, although specific requirements may vary by lender. This makes homeownership more accessible for those with less-than-perfect credit.

3. Competitive Interest Rates: FHA loans often have competitive interest rates, making them an attractive option for many borrowers. Interest rates can vary, so it's essential to shop around and compare offers from different lenders.

4. Government Backing: FHA loans are insured by the government, which reduces the risk for lenders. This government backing makes lenders more willing to approve loans for borrowers who may not meet the strict requirements of conventional loans.

5. Fixed or Adjustable Rates: FHA loans are available with both fixed and adjustable interest rates, allowing borrowers to choose the type that best suits their financial situation and long-term goals. 6. Rehabilitation Loans: FHA 203(k) loans are available for buying a home that needs repairs or renovations. These loans provide funding for both the purchase and the necessary improvements in a single mortgage.

[nxtlvlcrdtscr]

Unravel the intricacies of credit restoration in our comprehensive guide. Dive into the differences between Credit Rating vs. Credit Score and decipher the meaning behind various Credit Score Ranges. Equip yourself with the knowledge to take charge of your financial destiny.

[n7india]

फिच के अमेरिकी सरकार की क्रेडिट रेटिंग घटाने पर सोने की कीमतों में तेजी 

New Delhi: जियोजित फाइनेंशियल सर्विसेज के कमोडिटी प्रमुख हरीश वी. का कहना है कि फिच द्वारा अमेरिकी सरकार की क्रेडिट रेटिंग घटाए जाने के बाद सोने की कीमतों में तेजी आई है। उन्होंने कहा, “आमतौर पर आर्थिक अनिश्चितताओं और डॉलर की अस्थिरता का सोने की कीमत और मांग पर महत्वपूर्ण प्रभाव पड़ सकता है, क्योंकि इसे एक सुरक्षित-संपत्ति माना जाता है। दुनिया की सबसे बड़ी अर्थव्यवस्था की रेटिंग घटने से निवेशक…

[isaurabhpande1]

Demystifying Credit Checks: How They Impact Loan Comparison

When comparing loan options, understanding the role of credit checks is crucial. Lenders often perform credit checks to assess borrowers' creditworthiness and determine the terms of the loan. These credit checks can have a significant impact on your loan comparison process. In this blog post, we will demystify credit checks, explain how they influence loan comparison, and provide insights into managing your credit to secure the best loan offers.

Understanding Credit Checks : Credit checks involve lenders accessing your credit report from credit bureaus to evaluate your credit history, credit score, and financial behavior. They help lenders assess the risk of lending to you and determine the terms, interest rates, and loan amounts they are willing to offer. There are two types of credit checks: soft inquiries (non-impactful) and hard inquiries (impactful). Soft inquiries are used for informational purposes, while hard inquiries are recorded on your credit report and can affect your credit score temporarily.

Impact on Loan Comparison: Credit checks play a vital role in loan comparison. They directly influence the interest rates, loan terms, and loan amounts offered by lenders. Lenders typically offer better terms and lower interest rates to borrowers with good credit scores and a positive credit history. When comparing loans, borrowers with higher credit scores are more likely to qualify for lower interest rates and favorable terms, saving money in the long run. On the other hand, borrowers with lower credit scores may face higher interest rates or stricter loan terms. It's important to consider how credit checks and your credit score will impact the affordability and overall cost of borrowing when comparing loan options.

Managing Your Credit: To improve your chances of securing better loan offers, it's important to manage your credit effectively. Start by reviewing your credit report for any inaccuracies or errors. Pay your bills on time, reduce your credit card balances, and avoid taking on excessive debt. Avoid making multiple loan applications within a short period, as each application can result in a hard inquiry and potentially lower your credit score. Instead, focus on targeted applications based on thorough research and comparison. Additionally, consider using credit monitoring services to stay updated on your credit status and make improvements where necessary.

Strategies for Loan Comparison: When comparing loans, be mindful of lenders who offer personalized interest rates based on creditworthiness. Some lenders may pre-qualify you or provide rate estimates without impacting your credit score. Utilize loan comparison tools or approach lenders for pre-qualification to get a better understanding of the rates and terms available to you. Compare loans with similar terms and request personalized loan quotes from multiple lenders to ensure accurate comparisons. Pay attention not only to interest rates but also to the APR, repayment terms, fees, and additional features offered by each lender.

Credit checks have a significant impact on loan comparison. Understanding how credit checks work, their impact on loan terms, and managing your credit effectively can help you secure better loan offers. Maintain a good credit score by managing your credit responsibly and reviewing your credit report regularly. When comparing loans, consider lenders that offer personalized interest rates based on creditworthiness and utilize loan comparison tools for accurate comparisons. By demystifying credit checks and incorporating credit management strategies, you can make informed decisions and secure the most favorable loan options.

[themoneyguru1]

Important Things To Know About CRISIL And How It Influences Borrowing Costs and Investor Confidence

When it comes to financial matters, understanding the factors that influence borrowing costs and investor confidence is crucial. One such influential entity is CRISIL, a leading credit rating agency in India. In this article, let's understand the important things you need to know about CRISIL and how it impacts the financial landscape.

What Is CRISIL?

CRISIL, short for Credit Rating Information Services of India Limited, is a renowned credit rating agency that assesses the creditworthiness of various entities, including corporations, banks, financial institutions, and government bodies. It evaluates their ability to meet financial obligations and assigns ratings accordingly.

Also Read: Tips On How To Choose A Correct Loan For Your Requirements

Influence On Borrowing Costs

CRISIL ratings play a pivotal role in determining the borrowing costs for companies and organizations. When a borrower has a higher CRISIL rating, such as AAA, lenders perceive it as a lower-risk investment. As a result, they are more likely to offer loans at lower interest rates. For instance, Poonawalla Fincorp's recent AAA rating by CRISIL is indicative of its strong creditworthiness, resulting in reduced borrowing costs. According to the company’s MD, Abhay Bhutada, the upgraded rating will accelerate its growth trajectory.

Impact On Investor Confidence

Investors heavily rely on CRISIL ratings to gauge the risk associated with their investments. A higher CRISIL rating implies lower credit risk, thereby increasing investor confidence. When a company receives a favorable rating, it signals stability and reliability, attracting potential investors. As a result, entities with higher CRISIL ratings are more likely to secure funding and investments.

Comprehensive Analysis

CRISIL employs a meticulous and comprehensive analysis process to evaluate creditworthiness. Their assessment includes factors such as financial performance, repayment history, industry trends, and market conditions. By considering various aspects, CRISIL ensures a holistic view of the entity being rated, providing a reliable and unbiased assessment.

Also Read: Top 5 Personal Loan Apps In India

Importance Of Regular Rating Updates

CRISIL ratings are not static; they are subject to periodic revisions based on the entity's financial performance and market dynamics. Regular rating updates enable investors and borrowers to stay informed about changes in creditworthiness and adapt their strategies accordingly.

Summary

CRISIL's role in influencing borrowing costs and investor confidence is vital in today's financial landscape. Its rigorous evaluation process and credible ratings provide valuable insights to borrowers and investors alike. By understanding the significance of CRISIL ratings, individuals and organizations can make informed decisions regarding loans, investments, and financial planning.

[pilarsavageauthor]

Poverty while not poor at all

On Tuesday, I became poor. How? Why? This tale actually began a couple of weeks before Tuesday. While paying my monthly credit card bills, I mistakenly sent $35.16 to Chase instead of Citibank. On Monday, I got an email telling me to log onto my Sears/Citibank account because the payment was past due. Okay, I did that, and saw a balance due of $101.32. I knew that the only thing ever charged on…

[icrarating1]

What are good credit recommendation services?

ICRA is the most trusted rating agency that helps organizations sustain themselves in the market. With the help of the credit rating, the investor can decide to purchase the bonds. The investment also depends on the credit rating if the ratings are poor then there is an effect on the investment. The borrowers must remain diligent to maintain high credit. 

It takes time for the organization to get a good rating credit recommendation services and to stand out in the market among its competitors. Everyone wants their organization to maintain good credit consistently for a long time. Every organization should have good services to maintain good credit ratings in the market. 

[10odmconsultancy]

Bond Street Mortgage - Your Trusted Partner for Home Financing

Welcome to Bond Street Mortgage, your trusted partner for home financing. We are committed to providing our clients with a hassle-free and personalized home loan experience. Our team of experienced professionals is dedicated to helping you find the best mortgage product that fits your unique needs and financial goals.

At Bond Street Mortgage, we understand that buying a home is one of the most significant financial decisions you will ever make. That's why we offer a range of mortgage products designed to cater to the diverse needs of our clients. Our mortgage options include conventional loans, FHA loans, VA loans, jumbo loans, and more. We also offer refinancing options to help you save money on your current mortgage.

Our team of loan officers is committed to providing you with expert guidance and support throughout the home buying process. We take the time to understand your unique financial situation and help you choose the mortgage product that best suits your needs. We also offer competitive interest rates, flexible repayment terms, and a hassle-free application process.

At Bond Street Mortgage, we believe in transparency and honesty. We provide our clients with clear and concise information about our mortgage products, including fees, interest rates, and repayment terms. We also offer personalized service and support to ensure that you have a seamless home buying experience.

Visit Bond Street Mortgage today and discover why we are the preferred choice for home financing. Our team is dedicated to helping you achieve your dream of homeownership. Contact us today to learn more about our mortgage products and how we can help you get started on your journey towards homeownership.

[merchantservices444]

What is the Difference Between Bank Fees and Merchant Fees?

[mortalityplays]

You need more free art.

I quit my job yesterday. Well, actually I quit my job eight weeks ago, but they finally released me yesterday for good behaviour. Don't get me wrong, I love what I do - but I do it for the wrong reasons. Working for major charities, you learn very fast that 'I want to make the world a better place' is a phrase you use to ask people for money, not to give them things. I was an ass-backwards fit for that world.

You need more free art. I need more free art. Everyone has felt the shift in our media landscape over the last ten years, away from access and towards nickel-and-diming the human experience. That lack of access is making life and culture worse for all of us, across the board. Paywalled news sites leave us less informed, attacks on the Internet Archive leave us less capable of research. Algorithmic social feeds and streaming walled gardens trap us inside smaller and smaller demographic bubbles, where we are increasingly only likely to encounter ideas that have been curated for us by marketing departments. Hasty efforts to resist AI commodification have only led to more artists locking their work away and calling for even more onerous systems of copyright law. This is not good for us.

We all need more free art.

So what am I going to do about it?

This is a question I have been asking myself for years. It's easy to sit here feeilng frustrated and thinking 'boy I hope SOMEONE does SOMETHING'. It's harder to take action in a world where I still have rent to pay. But hard doesn't mean impossible. Sometimes hard just means time-consuming, frustrating and slow. And sometimes it's worth doing something time-consuming, frustrating and slow because...I want to make the world a better place.

I'm going to do this:

1. From April 1st, I am relaunching as a freelance writer and editor.

This is the one that will (hopefully) help to pay the bills. I am a very good and experienced editor. I've worked on hollywood movies, I'm a member of the Chartered Institute of Editors and Proofreaders, I have clients who have been coming to me exclusively for more than 10 years.

Alongside bigger contract jobs, I am going to refocus on offering my services to small-press creators at a reduced rate. That means you, graphic novelists. That means you, itch and amazon writers. I want to help you develop your work, the same way I help large organisations. You can learn more about what an editor even does and what kind of pricing you can expect here.

2. I'm also going to start giving shit away. Like, constantly.

Next week I'm going to launch a new free shop. If you're unfamiliar, a free shop, giveaway shop, swap shop, etc. is an anarchist tradition of setting up a storefront where anyone can take what they like for no cost. Offline, this often means second-hand clothes, tools, furniture, food etc. Online, I am going to be giving away digital art. Copyright-free, no strings attached. It will (eventually) feature everything from print-res posters to zines, poems, tattoo flash, t-shirt designs and anything else we come up with.

Yes, I said 'we' - while this is a curated collection, it will feature work from a variety of credited and anonymous artists and activists, all of whom have agreed to give their work away to the public domain. Some of it will be practical, some of it will be political, but a lot of it will be decorative or personal. This is, in part, a response to recent difficulty I had finding somewhere that would print a one-off joke poster for a friend that featured the word 'faggot'. Enough. No middlemen - no explaining ourselves. Just print our shit and enjoy it.

I'm very, very excited about this project. I'll have more to say about it closer to the launch, but you can expect it to go live on March 27th.

2.2 I forgot to mention the ACTUAL LAUNCH GIVEAWAY

To celebrate my launch, I am going to be giving away a ton of physical prints. When I went looking for my old stock to see if it was worth setting a new (paid) storefront up, I realised I had way more old work in storage than I thought. This will be announced in its own right on Monday, but this is why I've been hinting you should go follow my Patreon.

On April 1st, I will pick 8 random patrons (from across all tiers including non-paying followers!) and mail them a bundle of assorted prints and postcards. The prize pool includes A3 and A4 posters, packs of A6 postcards, and printed minicomics that I've previously sold for up to £12 each.

You don't have to be a paying subscriber to enter - this is strictly no-purchase necessary. It is purely and entirely a celebration of the concept of GIVING ART AWAY FOR FREE.

3. PORN, YOU PERVERTS

Because I still have to pay to stay alive, I am going to be subsidising all this free art with the introduction of Fuck You Fridays. Starting from March 29th, I will drop a new 18+ short story on the last Friday of every month, over on itch.io (yes I know my page is desolate right now, don't worry I'll get there).

The first edition, Go Fuck Yourself, is about, well - telling your boss where to stick it. Julia has had it with her millionaire man-child manager, and is just about ready to let him know what she really thinks. It's a short and steamy 5k words, with a gorgeous cover illustration by @taylor-titmouse, and you can pick it up for $3 starting from March 29th.

4. ANOTHER BIG SURPRISE

I'm keeping this one under wraps for now, but April 1st will also play host to one more (FREE) launch. If you've been following me for a long time, you might remember the other significance of this date (no not April Fool's day, though that is certainly thematically relevant to this entire effort). That's all I'll say right now. Watch this space.

tl;dr: I'm sick of paywalls and career ladders. I'm literally putting my money where my mouth is. More free art for everyone and I'm not kidding around!!!