How Much Does it Cost to Add a Teenager to Car Insurance?

how much is teen car insurance
Photo credit:

The majority of teenagers dream about their own car after getting a driving license. For every teenager getting driving license means the next level of adulating and gaining independence. But for parents it means additional costs in the form of one more auto insurance.

If you add a teenager to your insurance policy, it will undoubtedly increase your rates. The answer to the question “How much does it cost to add a teenager to car insurance?” depends on many factors, including your living area and the age of your teenager, among others.

Continue reading “How Much Does it Cost to Add a Teenager to Car Insurance?”

Lending Money Against Bitcoins

lending money against bitcoin
Photo credit:

A few years ago cryptocurrency did not cost a dime. One day it had skyrocketed and people, who had bought it beforehand had the only way to make fortune out of it —  to sell it. But none of them were prepared for it.

Some lenders propose the new option: using virtual currency as a collateral. However, traditional banking institutions do not accept this type of collateral. But some startuppers, like EthLend and Nebeus, do it. Some lend directly, and some help find a loan from third parties.

Continue reading “Lending Money Against Bitcoins”

Hurricane Irma Will Bring Gigantic Economic Loss

hurricane irma

People of the US have just had recovered from the previous storm. Today they are about to be hit by another storm that will not only bring destruction to some regions but will also result in huge economic losses.

It goes without saying that Hurricane Irma will cost billions of dollars to the people and companies whose property will be destroyed.

Continue reading “Hurricane Irma Will Bring Gigantic Economic Loss”

New Cashback App “Tail” Is Launched for Londoners

fintech innovations
Photo credit:

A brand new London-based start-up “Tail” has recently made a lot of noise as it offers the possibility of open banking. Right now the platform is available for iOS and works for London inhabitants.

Thanks to the app, the user can spot significant discounts for food and drinks at local places. The payment information is linked to your Monzo card and each week will be delivered in the form of cashback.


Continue reading “New Cashback App “Tail” Is Launched for Londoners”

Earn Scholarship by Learning How to Handle Money: Is It Possible?

scholarship at personal money service
Photo credit:

If you are a student looking for awesome resources to pay for the college, the scholarship is a great option. Who doesn’t like free money?

There are different ways to earn scholarship money but most programs have application processes with certain demands. Usually, students are required to submit quite a lot of information including GPAs, transcripts, test scores, resumes, and so on.

Some scholarship programs may even ask you to write several essays and grade requirements, while others don’t demand any essays at all. All in all, why not try it when you don’t have much to lose?


Here is how teens can now get an easy scholarship for just learning how to handle money.

Continue reading “Earn Scholarship by Learning How to Handle Money: Is It Possible?”

SNL Presented the New Rating of the Largest US Banks

largest us banks
Photo credit:

One of the biggest providers of financial news and data SNL Financial has recently presented the new rating of top American banks. Recent financial news says that that the US economy has finally recovered after the Great recession of 2008 and got back to its old state. How did it affect American banking industry? Which big banks saved their positions and which one faced some negative changes? Continue reading to be aware of the latest financial news. Continue reading “SNL Presented the New Rating of the Largest US Banks”

Hamilton Musical Became a Trap for Billionaires

broadway show scam
Illustration by: Matt Collins

Big news has taken first places in newspapers and current events recently. “Big names” were spotted in the Ponzi scheme with hit Broadway musical “Hamilton”. The same “big names” invested a pretty penny in the blocks of tickets and were promised to get money back plus 10% surcharge. Now, these billionaires demand money back.

Among the “big names” are Paul Tudor Jones – an American investor, hedge fund manager and Michael Dell – an American business magnate, investor.

According to the informed person, more than 125 people joined this list. The Securities and Exchange Commission reported that scammers managed to end up gathering over $81 million.

In fact, it’s not a commonplace that art-lovers, experienced highly skilled investors are involved in such suspicious deal. Still, the fraud is the fact. The victims still demand their money back. “The suspected” is the most interesting part.

Continue reading “Hamilton Musical Became a Trap for Billionaires”

The Greatest Financial Frauds of All Time

greatest fruads
Photo credit:

Financial scandals have taken off during the last decade, with the new frauds yielding billions of dollars worth of illegal profit. However, the history of these frauds is much longer than you might think. Instances of the largest financial frauds are far from developed modern markets and can be dated back to the unpleasant sale of the Roman Empire in 193AD.

In spite of increasingly strict laws aimed at fighting frauds and with government agencies trying to enforce those laws, the world hardly witnesses any decrease in the number of financial frauds. Quite the contrary, its number is constantly growing. Let’s look at some of the world’s biggest financial frauds a little closer.

Continue reading “The Greatest Financial Frauds of All Time”

Debt Mistakes Everyone Makes

common debt mistakes
Photo credit:

A lot of people have experienced difficult situations when they urgently needed extra financial help. For instance, you’ve spent a fortune on Christmas presents to all the friends and relatives. Or you’ve splurged too much on product advertising. In the case of any financial emergency, the most common misstep is maxing out the credit cards.

Everybody can make debt mistakes. The crucial thing here is what you should do once it happened. In this article, we will share with you the tips of three personal finance experts on what debt mistakes they’ve experienced and how they managed to overcome them.

Continue reading “Debt Mistakes Everyone Makes”

Generations on Social Media

We use it every single day. The day starts and ends with social media networks. To follow the modern trends, you need to know social media marketing directions, even if you run just a small local business. Every business needs a social media presence. There’s no way back!

With the help of this infographic, you’ll be able to understand if your business moves in the right direction with the right generation list. We also use social media every day, so we know a lot about different generations. Who knows, maybe this information will help you using online installment loans just a little less to cover some needs.

Continue reading “Generations on Social Media”

What Happens If You Miss Your Student Loan Payments

student loan refinance
Photo credit:

It’s not a good idea to ignore your finances as it may lead to crazy fees and penalties. Students usually don’t realize it at once, but over the years, they will have to learn it the hard way. In this article, you will learn about what may happen if you’ve ignored your student loans, and actions you need to take immediately.

It can be really tempting to forget about loan monthly statements and let them get lost in your email inbox or among other bills. However, you should bear in mind that not paying your student loans can have long-term harmful effects on your credit as well as on your monthly paychecks.

Continue reading “What Happens If You Miss Your Student Loan Payments”

The Review of the 2016 Home-buying Season

buying house tips

The holiday season is over, but the home-buying season is quite the contrary. Let’s remember the predictions for the outgoing year, review the 2016 home-buying season and try to assume what it all means for 2017.

Customers Want “New” Homes

In comparison with the previous years, the good news is that customers want to buy their own home, so the sales of newly built homes are better now.

Continue reading “The Review of the 2016 Home-buying Season”

Get Your Business Funded in 2017!

Your Business Funded
Photo credit:

The great news for every businessman or beginner is that launching and funding your own business is possible. The bad news is that there is no person, who would come to you and give the particular sum of money. Everything in a complicated financial world depends on your resourcefulness and ideas.

Yes, there are dozens of success stories, where people reach an unbelievable success coming from the bottom. It happens but, in fact, it’s difficult to find a person, who is looking forward to your outstanding ideas.

Continue reading “Get Your Business Funded in 2017!”

Taking a Loan Helps Boosting Your Business Revenue By 20%

boost business revenue
Photo credit:

According to Small Business Administration (SBA), the US government agency, more than 500,000 small businesses tend to occur in the country monthly. Not all of them, though, can withstand competition having small budgeting.

Even business projects with great potentials can end up with no profits particularly because of no substantial capital in the beginning.

Continue reading “Taking a Loan Helps Boosting Your Business Revenue By 20%”

Making For-Profit College Pay for Graduates

colleges pay for students
Photo credit:

ITT Technical Institute has been shut down by the U.S. Education Department at the beginning of the autumn semester. When it was done, some people thought for-profit college will only benefit from it. The actions of U.S. government seem to be justified in rejecting to fund loans to ITT students.

The reason was a dubious use of delusive job placement numbers, low graduation rates, and high numbers of loan delinquencies and defaults.

Continue reading “Making For-Profit College Pay for Graduates”

Viral Results of Mobile Banking Revolution

innovations in mobile banking
Photo credit:

Recently mobile banking has improved its influence on the whole retail banking world, as traditional functions were taken over by goal-oriented start-ups. This can bring similar results to all other industries. Soon App Annie, a business intelligence company, plans to disclose some data that normal banks should be very concerned about. These facts are likely to show increasing popularity of fintech apps that is becoming mainstream, while the role of traditional banks reduces.

Continue reading “Viral Results of Mobile Banking Revolution”

Obamacare is Threatened by Insurance Giant

obamacare news

Right from the beginning, Obamacare was met by consumers with the criticism. But insurance companies needed to take their time to understand the disadvantages of such system. And finally, they did. After the decision of the biggest insurance company UnitedHealth Group to leave 34 states without the Obamacare medical insurances last April, Aetna eliminated itself from Obamacare exchanges as well but only in the 11 states.

The question is who will fall out next?

Continue reading “Obamacare is Threatened by Insurance Giant”

New Age of Bank Verification: the End of Passwords

New Age of Bank Verification
Photo credit:

We have all got used to passwords, multistage safety inspection, but what if it becomes history? At least, in terms of the banking password, as this transaction may disappear – forever. Some best known and largest banks, like Bank of America, JPMorgan Chase, Wells Fargo, arrived at the conclusion that traditional verification tool is either too proboscis or no longer safe. That is why they started using customers’ fingerprints, facial scans and other types of biometrics to protect accounts.

Banks related:

Continue reading “New Age of Bank Verification: the End of Passwords”

Is Transferring Money via Social Media Possible?

trasfer money via facebook
Picture source: Link

Soon you won’t need your sort code and account number to transfer money to the banks! Next year, a trial project in Singapore launches a new option available in 20 banks. Their client will only need to link their social account on Facebook or Twitter with their bank accounts and skip the boring official steps. In today’s digital era, different apps that facilitate our lives are extremely popular.

They replace the traditional services and catch the attention with simple terms of use. Nevertheless, the new tool breaks the records. Let’s consider it conception in detail!

Continue reading “Is Transferring Money via Social Media Possible?”

Smartphones About to Substitute Credit Cards

smartphones over credit cards usage
Photo credit:

Over the past decade smartphone and a wallet with cash and credit cards have become total essentials for everybody to carry around. Only several years ago using checkbooks along the rising popularity of plastic credit cards with a magnetic strip seemed to become outdated. Still, the evolution of business and technology has its own influence on the payment system. That’s when electronic payments have merged together to create solid payment methods with no additional use of cash and even cards making the last ones “a thing of the past”.

Continue reading “Smartphones About to Substitute Credit Cards”

PwC About to Use Blockchain Technology in Wholesale Insurance

PwC to Use Blockchain Technology in Wholesale Insurance
Photo credit:

The PwC (PricewaterhouseCoopers) company, one of the Big Four accounting giants providing audit and assurance, tax and consulting services, has reportedly incorporated together with Z / Yen commercial research center that promotes societal advancement through better finance and technology, to have a global study devoted to the potential of blockchain technology in wholesale insurance.

Continue reading “PwC About to Use Blockchain Technology in Wholesale Insurance”

New Era of Online Banks: Google, Facebook, Amazon and Apple

online banks era
Photo credit:

The recent study carried out by Fujitsu company, revealed surprising and unexpected responses from its respondents. With a participation of approximately 7,000 Europeans being asked if they’d like to bank with Apple, Google, Amazon, or Facebook?”, a fifth of consumers out of the whole number admitted they’d rather use banking services from big techs, like Facebook, Google, Amazon and even Apple.

Furthermore, more than 37% of the study respondents would gladly leave their current bank and insurer unless they move their services onto a new technological level.
Continue reading “New Era of Online Banks: Google, Facebook, Amazon and Apple”

Harriet Tubman Displaces Andrew Jackson on 20-dollar American bill

change in $20 bill
Photo credit:

April 20, 2016, Washington D.C.  – Treasury Secretary Jacob J. Lew announced about one of the most shocking changes of this century – the replacement of traditional $1, $5, $10 and $20 banknotes with the newly designed American currency demonstrating new historical figures known as fighters for African American rights for the past few centuries in the United States. Personal Money Service dwelled more into details below.
Continue reading “Harriet Tubman Displaces Andrew Jackson on 20-dollar American bill”

Business World Shows Its Support to Paris: #prayforparis

terror attacks in Paris
Photo credit:

Companies of all kinds have responded to the terror attacks in Paris. Everybody has expressed their support and compassion.

On November, 13 Paris has faced a few coordinated attacks and as a result of it, more than 100 are dead. Less than a year ago there were terror attacks of the newspaper Charlie Hebdo and at a kosher store in Paris.

Representatives of business world said words of support and some of them offered new tools to help people feel safer in Paris. Personal Money Service company – reputable provider of small personal loans – also would like to express its condolence and support.

Continue reading “Business World Shows Its Support to Paris: #prayforparis”

Sanders vs. Clinton – Best Plan For College Students

online lending company
Photo credit: Michael Vadon

There’s an important difference between college financing plans offered by Bernie Sanders and Hillary Clinton. Both plans affect middle class and reflect candidates’ governing philosophies. However, the difference isn’t just financial. We can see two absolutely different points of views and attitudes to the middle class and the young.

Continue reading “Sanders vs. Clinton – Best Plan For College Students”

Hackers Did Social Security Numbers’ Theft

hacking data
Picture source:

Recently it has been announced that 21.5 million Social Security numbers have been stolen by hackers in the result of breaking the personal database of a federal agency. The situation is quite dangerous, as every person who has government background check during the last 15 years is likely affected by this event.

In order to have the necessary means to face this problem, people whose personal data has been stolen should know about the possibility to get personal loans online is protected on the highest level. The financial organization can really provide such level of security due to improving security systems and regular update of all security systems.

Continue reading “Hackers Did Social Security Numbers’ Theft”

Economic Progress Doesn’t Affect Half of Middle Class Americans

American economy
Photo credit:

Everybody has already heard the good news concerning an impressive economic growth in the US. Since 2008 the situation in the country was unstable so many people felt unsecured regarding their financial state.  Needless to say that Great Recession has made huge impact on the American economy. Fortunately, the situation has finally changed into the better.

Banks are ready to lend big amounts of money both to private consumers and big corporations while Americans show their financial confidence. But it’s hard to say that everybody can take an advantage of solid economic growth. According to the report of Federal survey, almost half of Americans (47%) complain that their income is not enough to make ends meet so they borrow money and get loans to be able to stay afloat. Is American economic growth as solid as the Federal Reserve says?

Continue reading “Economic Progress Doesn’t Affect Half of Middle Class Americans”

Biggest Alternative Loan Provider Becomes Google’s Partner

google new partnership
Picture source:

There is good news for small business partners of Google. The most popular search engine company joins Lending Club to provide loans with low-interest rates to its partners from the small business sector.

These partners are busy with extension and operation of applications and products created by Google.

Together with Lending Club they create a special program to make these loans available. Google provides funding and Lending Club gives the platform for the new project.

Continue reading “Biggest Alternative Loan Provider Becomes Google’s Partner”

Worst and Best Banks in America

worst US banks
Picture source:

The Great Recession of 2008 significantly changed American banking industry. Most banks have faced serious financial problems including those called “too big to fail”. Fortunately, the American economy has finally recovered after the world financial crisis and big banks are on top again.

They have recovered their strength and got back with improved assets and quite strong profits. US banks have made more than $40 billion within just the second quarter. This significant income growth is caused by loans sales, most banks feel confident and lend money to consumers and companies.

Also, we can notice consumers’ activity increase. Americans borrow more money because they believe in the stability of banks and see an economic growth. Small business lending is back in the game again.

Continue reading “Worst and Best Banks in America”

RBI Provided Data Concerning Bank Credit Annual Increase

Bank Credit Annual Increase
Photo credit:

Financial analysts think that credit development in the framework has finally started. But still it’s hard to call the growth impetuous and everything goes step by step.

Loan providers had many offers, but despite them, credit growth is gradual. According to the information provided by RBI, it’s possible to guess that for last two weeks of November credit of the bank has expanded minimum by half of per cent.

Continue reading “RBI Provided Data Concerning Bank Credit Annual Increase”

Holiday Expenses Make Consumers Look for Fast Cash

holiday expense
Photo credit:

Except of fun and Christmas mood, holiday season usually brings a lot of expenses. Consumers who took their time and prepared for the holidays feel more or less financially secured. But those who live from paycheck to paycheck and have relatively small income face a need of borrowing money.

They are looking for ways of getting quick cash to cover holiday expenses and apply to pawn shops and financial institutions providing fast money. According to reports, around 8% of American consumers still have debt left of last year’s holiday season. This time is especially profitable for payday lenders (as you know, payday lenders may stop existing at all) offering short term unsecured loans. They suggest people who have tight budget to get quick and easy financial assistance.

Continue reading “Holiday Expenses Make Consumers Look for Fast Cash”

Cash Advance Lenders in the US Exceed the Number of Fast Food

payday cash

Image credit: HelenCobain/Flickr

Last reports saying that there are more cash advance lenders than fast food restaurants like McDonald’s in the United States. So it’s possible to make a conclusion that consumers need fast cash more than fast food. Cash advance stores provide customers with financial assistance between pay days and they exist on a lending market for already 25 years. And today there are around 25000 payday loan lenders across the US while McDonald’s has “only” 15000 stores.

By the way, learn 6 ways to save money on fast food.

Continue reading “Cash Advance Lenders in the US Exceed the Number of Fast Food”

An Impressive Boost of American Banks’ Revenue

get e revenue
Photo credit:

Banks of the Unites States posted the most impressive boost of income since 2010. And it shows that American banking is finally recovering after a long period of slow growth.

Income of 6600 banks rose 5% since the second quarter of last year and now it’s a little more than $170 billion. A year ago net income was 8% lower and it’s hard to disagree that such a result is impressive. The biggest part of this revenue received from sales of loans and financial services.

Continue reading “An Impressive Boost of American Banks’ Revenue”

New Bill Regulations for Nashville Payday Loan Stores

payday loan regulations
Photo credit:

On November 18 new law restrictions regarding payday loan stores and pawn shops were passed in Nashville. This time these are restrictions concerning shops’ location. And the purpose of new rules is to prevent payday loan stores and pawn shops for allocating too close. Read below and you will get more information about the reasons why.

Continue reading “New Bill Regulations for Nashville Payday Loan Stores”

Citigroup’s Unit Involved in Personal Loan Business is Filed for IPO

citigroup news
Picture source:

Citigroup Inc. is going to sell its OneMain Financial Holdings Inc. Such measures are taken in order to part with distressed assets and to work only with affluent consumers. OneMain Financial is a subdivision of the large Citigroup Inc. and it appeared in times of financial crisis. The unit’s target was to process assets that ultimately should have been eliminated or nullified. Thus the company made a big step by filing simple shares for the initial public offering.

Continue reading “Citigroup’s Unit Involved in Personal Loan Business is Filed for IPO”

Consumers May Get Low Interest Rates on Unsecured Personal Loans

get a loan fast
Photo credit:

Credit market suggests today the variety of options which help consumers to bridge the money need. And short-term borrowing options are the most popular. Though unsecured personal loans which serve to satisfy short-term consumers’ needs are famous because of extremely high interest rates and huge fees nevertheless they give consumers with high credit score the opportunity to avail of low interest rates.

Continue reading “Consumers May Get Low Interest Rates on Unsecured Personal Loans”

AIG Loan Was Reasonable

AIG Loan explained
Photo credit:

Recently B. Bernanke, former Fed’s president, explained the situation with American International Group in 2008. He said that he had been disquieted with the position of the insurance company which had been on the verge of collapse and he had been thinking of not punishing but of rescuing AIG.

Continue reading “AIG Loan Was Reasonable”

Petersburg’s Financial Course to Get out of Debt

finance in Petersburg

It became known that Petersburg’s local authorities adopted a new concept of financial course. The aim of the course is to break an 11-year debt cycle that has been caused by short-term loans consumption.

Such decision is welcomed by the society but still, it will take too much time to put Petersburg’s financial sector in order. Much more than that should be done.

Continue reading “Petersburg’s Financial Course to Get out of Debt”

Banks Raise Profits with Personal High-Interest Loans

personal-loan-applicationAccording to the information obtained from the Wall Street Journal, banks, financial organizations and online money stores providing unsecured personal loans returned to suggesting personal money loans with high interest rates after having curtailed the service after the credit crunch.

Banks aim to increase profits with the help of these high-interest loans due to the governmental regulations in the spheres of mortgages and credit cards services.

Continue reading “Banks Raise Profits with Personal High-Interest Loans”

Citizens, Be Careful with Payday Online Loans

get money online
Photo credit:

Citizens of Hawaii are urged to be careful with online money lending services. Such warning came from the Department of Commerce and Office of Consumer Protection.

People who apply for online loans are required to provide some sort of personal data which then may be sold to data brokers.

Then this personal data may be again resold to money lenders. This is the way how money lenders may get access to consumers’ bank accounts and to charge self-willed fees or to deposit loans which are not corresponding to the initial contract.

OCP representatives warn that citizens should be very careful with sharing such personal data like ID number, bank details, personal details, and other financial information to unchecked people or organizations online, in writing or orally.

Continue reading “Citizens, Be Careful with Payday Online Loans”

NY Lenders are Suspected of Predatory Lending

payday lenders in NY
Photo credit:

It was noticed that the amount of short-term loans that New York banks had landed to their consumers has significantly increased during the last several months.

These high interest loans have to be secured by consumers’ real estate that is why local authorities started an investigation in order to find out whether such financial product breaks the law.

NY regulations prohibit predatory lending and financial institutions which commit such activity are strictly punished.

Continue reading “NY Lenders are Suspected of Predatory Lending”

City of El Paso – New Limitations on Payday Loans

New Limitations on Payday Loans
Photo credit:

The city is going to set the restrictions on the places, where auto loans and payday loans lenders will be able to set up their offices and shops. The city council meeting should consider the zoning amendment this week.

In case it passed the following regulations will be introduced: the lending institutions, pawn shops among them should not be situated nearer than within 1000 feet from one another, 300 feet from residential areas and 500 feet of any freeway.

Continue reading “City of El Paso – New Limitations on Payday Loans”

SEC Accuses Wilmington Trust of Accounting and Financial Disclosures Violation

fraud information
Photo credit:

Large holding Wilmington Trust Company associated with bank activity in Delaware and which was bought by M&T Bank in 2011 was accused of inaccurate bookkeeping and disclosure of overdue loans.

This was the statement made by the Securities and Exchange Commission on the 11th of September. The company did not submit a report about the number of loans which had increased since financial crisis upon the expiration of 90 days.

Financial frauds happen pretty often in spite of the strict regulation.

Continue reading “SEC Accuses Wilmington Trust of Accounting and Financial Disclosures Violation”

Boost of Consumer Credit in the US

boost of us consumers
Photo credit:

Nowadays non-revolving loans are very popular and the amount of borrowing has significantly increased in July comparing to same periods in the three previous years. Non-revolving loans include auto loans and loans for tuition. The number of transactions is even more than it was forecasted in June.

Washington’s Federal Reserve reported today that the amount of non-revolving loans increased up to $26 billion. In June such number was estimated near $6 billion. The gain in $20 billion is unprecedented since 2011. By the way, the consumption of credit cards, as well as emergency money loans services, got higher too.

Continue reading “Boost of Consumer Credit in the US”