Loan interest – Bobs Birdhouse http://bobsbirdhouse.com/ Tue, 11 Jan 2022 08:00:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bobsbirdhouse.com/wp-content/uploads/2021/06/cropped-icon-32x32.png Loan interest – Bobs Birdhouse http://bobsbirdhouse.com/ 32 32 Credai seeks fiscal measures to stimulate housing demand; Increase in the mortgage interest deduction limit https://bobsbirdhouse.com/credai-seeks-fiscal-measures-to-stimulate-housing-demand-increase-in-the-mortgage-interest-deduction-limit/ Tue, 11 Jan 2022 06:00:00 +0000 https://bobsbirdhouse.com/credai-seeks-fiscal-measures-to-stimulate-housing-demand-increase-in-the-mortgage-interest-deduction-limit/ The umbrella body of real estate agents CREDAI has called for various tax measures to stimulate housing demand, including an increase in the interest deduction limit on home loans to Rs 5 lakh from the current Rs 2 lakh. In its budget recommendations to the Ministry of Finance, CREDAI, which has about 13,000 promoter members, […]]]>

The umbrella body of real estate agents CREDAI has called for various tax measures to stimulate housing demand, including an increase in the interest deduction limit on home loans to Rs 5 lakh from the current Rs 2 lakh.

In its budget recommendations to the Ministry of Finance, CREDAI, which has about 13,000 promoter members, also requested an infrastructure status for the sector and a change in the definition of affordable housing. CREDAI National President Harshvardhan Patodia expects the upcoming budget to provide the necessary impetus for infrastructure development and housing by introducing various amendments, relaxations and extensions.

“We urge the Ministry of Finance to increase the interest deduction for home buyers for the section 24 (B) tax refund in order to strengthen the general feeling of buying a home, by especially in these difficult times with the start of the third wave, ”Patodia said.

CREDAI also called for an amendment to Article 80C of the Income Tax Act to increase the limit for repayment of the principal of the housing loan, reduce the tax burden on rental housing and capital gains. long term on fixed assets. Regarding the deduction of interest on home loans, CREDAI said that “in the case of individuals, interest on first independent property should be allowed without any limits.

“Alternatively, the interest deduction limit should be increased to Rs 5 lakh for independent ownership,” he added.

CREDAI said the limit of Rs 45 lakh on the value of the property to be considered affordable housing renders subway housing ineligible for the benefits of Section 80 IBA, which promotes the development of such low cost homes. The unit value limit should be raised to Rs 75 lakh (for non-metropolitan cities) and Rs 1.50 crore (for metropolitan cities), he said.

As builders enter into Joint Development Agreements (JDAs) with landowners to develop new projects, CREDAI stressed that paying the tax at the time of the JDA while the actual consideration would be paid at a future date, acts as a brake on housing and real estate. real estate development.

“The amendment will prevent huge amounts of litigation,” the association said. Deepak Goradia, President of CREDAI-MCHI, said: “We hope that the next budget will place real estate under infrastructure status, which in turn will unlock multiple tax benefits to stimulate foreign and local investment and overall demand in the sector.

He said the government should consider significantly increasing the tax refund for home buyers. To promote rental housing, CREDAI suggested that 100% of rental income up to Rs 20 lakh per year be exempt from paying income tax, with institutions paying MAT where applicable. Established in 1999, CREDAI is the premier body for private real estate developers in India, representing more than 13,000 developers in 21 states and 217 municipal sections across the country.

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W’bago EDA Approves DEED Demolition Loan | News, Sports, Jobs https://bobsbirdhouse.com/wbago-eda-approves-deed-demolition-loan-news-sports-jobs/ Sun, 09 Jan 2022 07:08:58 +0000 https://bobsbirdhouse.com/wbago-eda-approves-deed-demolition-loan-news-sports-jobs/ The severely damaged SuperValu roof is shown above. The Winnebago EDA recently approved an application for a DEED demolition loan which it hopes will finance the demolition of the building. The Winnebago Economic Development Authority (EDA) kicked off a new year with an exciting push for progress at its regular meeting scheduled for Wednesday, January […]]]>

The severely damaged SuperValu roof is shown above. The Winnebago EDA recently approved an application for a DEED demolition loan which it hopes will finance the demolition of the building.

The Winnebago Economic Development Authority (EDA) kicked off a new year with an exciting push for progress at its regular meeting scheduled for Wednesday, January 5 at 5 p.m.

The EDA has reviewed a demolition loan application from the Department of Employment and Economic Development (DEED) written by EDA specialist Angie Stier.

The EDA sees the loan as a way to facilitate the demolition of the crumbling SuperValu building. The city hopes that the SuperValu site can be developed into an economically more profitable property for Winnebago.

“It (SuperValu) has been abandoned for over seven years, resulting in a clear need for demolition”the loan application indicates. “Having a great deal of poor visual pollution downtown, across from Highway 169, has been detrimental to the community and hampered our ability to prosper economically. “

The city estimates that the demolition itself will cost $ 69,000, with additional costs of $ 30,000 for interior demolition and $ 10,000 for restoration costs.

As such, the city is requesting $ 109,000 in funds from DEED and is funding the remainder of the project through reduction bonds.

Faribault County also pledged funds to help cover the cost of demolishing the site down to ground level.

“The county gives a portion of $ 30,000”,Stier explained. “But, only after the demolition of SuperValu.”

As a result, pending acceptance of the loan application, Winnebago and EDA anticipate an exciting and hopeful phase of development ahead. However, this assumes that they will be able to find a developer for the SuperValu site after it is demolished.

The EDA Board of Directors noted that Winnebago’s ability to repay the loan depends on its ability to locate an interested developer.

“A current business owner in the community has expressed interest in the location, but no idea has been received on paper as to his intentions,”loan application actions.

He adds, “His concept consists of an auction room at the back… Storefronts are also part of his plan.

As the loan application explains, “The goal of (EDA) is to rejuvenate Main Street, and the overwhelming presence of the SuperValu building on Main Street has significantly hampered that. “

Stier made the request “Ready to submit”,and the EDA board voted unanimously that it should send it out before the loan deadline in early February. The Winnebago EDA also addressed the following items on the agenda for its January 5 meeting:

• Approval of a commercial loan application from The Buzz Stop LLC, an emerging Winnebago company owned by EDA board members Amanda Johnson and Gary Osborn.

Johnson and Osborn plan to open The Buzz Stop, a local bar offering alcoholic and non-alcoholic drinks, popular bar fare, gambling and entertainment, at 29 Main Street South.

Johnson and Osborn report total project costs of $ 138,500 and request EDA funds for $ 30,000 at a three percent interest rate.

The EDA unanimously passed a motion to approve the loan request, with Johnson abstaining from the vote.

• Watched a presentation by Stier in which she detailed the achievements of EDA throughout 2021. Stier highlighted several new companies that have come to Winnebago, the outside trade grants that EDA has given, companies that have come to Winnebago. have benefited from the EDA revolving loan fund, USDA-RD the grants the city has received and the major events that the EDA has successfully conducted.

“By working together and using 16 hours per week with a dedicated board and plan, many new and exciting businesses, grants, events and programs have benefited the community. “Stier noted.

• Discussion of a Minnesota Housing Partnership (MHP) technical assistance grant that was offered to Winnebago. The grant invites city officials to participate in the MHP Housing Institute.

According to MHP, “The Housing Institute supports and strengthens the capacity of rural communities to achieve their community development goals through collaborative peer-to-peer workshops and personalized assistance. “

“It’s an 18-month process”,Stier added. “A whole group of people from the community come together to talk about housing and to be educated. “

Stier believed the process could help the city implement projects such as the development of a Housing Redevelopment Authority (HRA) or the rehabilitation of the local Patriot building.

The discussion was merely informative, but Stier urged the EDA to consider the benefits of accepting the invitation to join the Housing Institute program.

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How 2021 Covid-19 Relief May Affect Your 2022 Finances https://bobsbirdhouse.com/how-2021-covid-19-relief-may-affect-your-2022-finances/ Fri, 07 Jan 2022 19:10:28 +0000 https://bobsbirdhouse.com/how-2021-covid-19-relief-may-affect-your-2022-finances/ Much of the Covid-19 assistance provided by the federal government to individuals has flowed throughout 2020 and 2021 – but it can still affect your finances in 2022. The third stimulus check, changes to UI, the break in federal student loans and the improved child tax credit were all part of the government’s aid package […]]]>

Much of the Covid-19 assistance provided by the federal government to individuals has flowed throughout 2020 and 2021 – but it can still affect your finances in 2022.

The third stimulus check, changes to UI, the break in federal student loans and the improved child tax credit were all part of the government’s aid package last year. Other than the loan hiatus, none of the other measures apply in 2022 (at least so far).

But they could impact your tax bill this year, and as a result, many families’ incomes could be lower than normal. Here’s what to keep in mind about Covid-19 relief in 2022.

Withholding tax credit for children

The enhanced child tax credit has not been extended until 2022, but the 2021 payments will still impact your tax bill.

The credit increased from $ 2,000 to $ 3,000 to $ 3,600 per child in 2021. Many families received half of the largest payment throughout 2021 in monthly installments valued at from $ 250 to $ 300 per child. Everyone will receive the other half (and families who have chosen not to benefit from the advance payments will receive the full amount of the credit) when they file their 2021 tax return.

Overall, many families received a lot more money. But because half of the payment was made up front for the first time, families may receive a lower tax refund than they are used to.

A family with a 10-year-old eligible for the full $ 3,000, for example, could have received $ 1,500 throughout 2021. This means that they can claim the additional $ 1,500 on their tax return. that’s less than the $ 2,000 she usually claims. With more children, the difference grows even bigger.

Additionally, the CTC was based on income information for 2020. If a parent’s or household’s income was significantly different in 2021, they might have to repay part of the credit.

Unemployment insurance

The Democrats’ US bailout has removed federal taxes on up to $ 10,200 in unemployment benefits per person for 2020. But for 2021, no similar relief is offered yet. Filers will have to pay benefit taxes as usual.

Unemployment has rebounded sharply since the start of the coronavirus pandemic. But around 25 million people have still applied for unemployment benefits at some point in 2021. If they had not withheld taxes, or too little, they could owe some of that money in tax season.

Stimulation controls

Good news: Those who are eligible to receive the third coronavirus stimulus check, which was paid out last year but never received it, may finally get their payment when they file their taxes in 2021.

Payments were worth up to $ 1,400 for each eligible person and their dependents. Those who did not receive one, or received less than they should have, can claim the recovery rebate credit on their 2021 returns. This is true even for people who do not normally file a tax return. .

Third payments were initially based on 2019 income to speed up the disbursement process, although technically they should be based on 2020 income. To rectify the situation, the IRS began sending additional payments to those who earned. too many in 2019 to qualify, but lost income in 2020.

However, there may still be people eligible for the check who did not receive it or who received too little. For example, if an eligible individual had a child in 2021, they can now claim it based on their 2021 tax return.

The IRS sends a letter about stimulus payments to taxpayers in late January, which can be used to determine if they are eligible for more money.

Those who earned less in 2019 than in 2020 will not have to reimburse the IRS for the stimulus money.

Student loan break

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New deal with Bank of Oklahoma will save Quapaw Nation $ 55,000 per day in interest on downstream casino loan https://bobsbirdhouse.com/new-deal-with-bank-of-oklahoma-will-save-quapaw-nation-55000-per-day-in-interest-on-downstream-casino-loan/ Wed, 05 Jan 2022 16:23:30 +0000 https://bobsbirdhouse.com/new-deal-with-bank-of-oklahoma-will-save-quapaw-nation-55000-per-day-in-interest-on-downstream-casino-loan/ In 2008, reporters and photographers lined up to take photos of the new Quapaw Nation Downstream Casino in far northeast Oklahoma. According to an article published in Joplin’s globe, the 7,000,000-foot space was a marvel for its opulence, attention to detail, restaurants and 2,000 slot machines. The price to pay: $ 301 million. But as […]]]>

In 2008, reporters and photographers lined up to take photos of the new Quapaw Nation Downstream Casino in far northeast Oklahoma. According to an article published in Joplin’s globe, the 7,000,000-foot space was a marvel for its opulence, attention to detail, restaurants and 2,000 slot machines. The price to pay: $ 301 million.

But as of December 2021, the Quapaw Nation had only repaid a small portion of that debt, as it was making interest-only payments amounting to $ 55,000 per day. That’s the price of a house in Ottawa County, where the casino is located.

A new agreement between the Downstream Development Authority and the Bank of Oklahoma will allow the Quapaw Nation to refinance this debt to pay off the original loan and reduce its interest rate.

The casino was supposed to be paid off within 20 years, and former President John Berrey touted the deal’s benefits for the Quapaw, including housing assistance and utilities.

But documents emerged showing the Downstream Casino underperformed projections and had limited benefits for the tribal nation, in part due to poor funding conditions.

Quapaw Nation Secretary-Treasurer Guy Barker said he and current business committee chair Joseph Byrd began reviewing the project when they took office in 2020. An audit found Berrey gave illegal bribes and bonuses. They also discovered the high interest rate and the lack of return for the tribal citizens.

“After more than a decade this should have generated income to fund tribal services. Instead, we were barely paying the interest on the loan and our citizens were not seeing the full benefit of their assets,” Barker said. .

He said it was difficult for Native American tribes to secure traditional funding for large-scale projects like casinos. Instead, they often have to resort to junk bond financing, which is risky and has a higher interest rate. However, after the opening of Aval and the executives were able to show that it was making money, they should have taken the opportunity to refinance. This does not happen.

The new terms with Bank of Oklahoma Finance include a much lower interest rate of 3.25%, compared to the more than 10% interest that Quapaw Nation was paying on the loan. The lower rate will allow the tribe to start repaying the principal.

The refinancing was made possible in part because the Quapaw Nation raised its credit rating against Moody’s after record earnings in 2021 at Saracen, their luxury resort and casino in Pine Bluff, Arkansas.

Ben Blosch, a Cherokee citizen with more experience in managing gaming operations in the Indian country, is the CFO of Downstream Casino. He said that without this refinancing, the Quapaw tribe would be stuck in a financial rut.

“As Aval eliminates its debt, tribal citizens will benefit, as they should have been years ago,” Blosch said in a statement.

Barker said having experienced people is invaluable.

My predecessors, for better or for worse, had a number of flaws, but they have no experience in industry and corporate finance, ”said Barker..

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8 best mortgage refinancing companies of January 2022 | Personal finance https://bobsbirdhouse.com/8-best-mortgage-refinancing-companies-of-january-2022-personal-finance/ Mon, 03 Jan 2022 17:08:27 +0000 https://bobsbirdhouse.com/8-best-mortgage-refinancing-companies-of-january-2022-personal-finance/ How Often Can You Refinance Your Home? There is no limit to the number of times you can refinance your mortgage. However, refinancing can be costly. Just because you can always refinance your home doesn't mean you should do so. How Much Does It Cost to Refinance a Mortgage? Refinancing your mortgage can cost around […]]]>

How Often Can You Refinance Your Home?

There is no limit to the number of times you can refinance your mortgage. However, refinancing can be costly. Just because you can always refinance your home doesn't mean you should do so.

How Much Does It Cost to Refinance a Mortgage?

Refinancing your mortgage can cost around 2% to 6% of your loan amount. This includes fees for the loan application, loan origination, home appraisal, and more, depending on the type of mortgage. With a no closing cost refinance loan these fees get rolled into the loan balance or interest rate.

When to refinance a home loan?

The best time to refinance a mortgage is when interest rates are lower than when you locked in your rate and closed on your current mortgage. Refinancing when rates are lower will allow you to reduce your monthly payments. You may also refinance to a shorter term and pay more each month but save on interest over the life of the loan.

What Are Mortgage Refinance Rates Today?

Available mortgage interest rates are constantly changing. On December 3, for example, the average for a 30-year refinance was 3.772%. That was a bit lower than the previous day. Money publishes the latest average rates each day.
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Newcastle want Arsenal’s Pierre-Emerick Aubameyang on loan ahead of £ 20million summer move – Paper Talk | News transfer center https://bobsbirdhouse.com/newcastle-want-arsenals-pierre-emerick-aubameyang-on-loan-ahead-of-20million-summer-move-paper-talk-news-transfer-center/ Sat, 01 Jan 2022 22:52:42 +0000 https://bobsbirdhouse.com/newcastle-want-arsenals-pierre-emerick-aubameyang-on-loan-ahead-of-20million-summer-move-paper-talk-news-transfer-center/ All the front-page stories and transfer rumors from Sunday’s national newspapers … DAILY STAR SUNDAY Newcastle United want to loan Arsenal striker Pierre-Emerick Aubameyang in January for a summer transfer of £ 20million. Picture: Newcastle could be a shock destination for Arsenal’s Pierre-Emerick Aubameyang SUNDAY TELEGRAPH Thomas Tuchel is considering dropping Romelu Lukaku over Chelsea’s […]]]>

All the front-page stories and transfer rumors from Sunday’s national newspapers …

DAILY STAR SUNDAY

Newcastle United want to loan Arsenal striker Pierre-Emerick Aubameyang in January for a summer transfer of £ 20million.

Picture:
Newcastle could be a shock destination for Arsenal’s Pierre-Emerick Aubameyang

SUNDAY TELEGRAPH

Thomas Tuchel is considering dropping Romelu Lukaku over Chelsea’s clash with Liverpool following his shocking comments in an interview with Sky Italy last month.

Lucas Digne makes a dejected figure at Villa Park
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Lucas Digne could be set to leave Everton this month

Everton could allow first-team outcast Lucas Digne to go on loan in January, now that they have signed his replacement Vitaliy Mykolenko.

Former referee Keith Hackett believes Stuart Attwell lost control of Arsenal’s game with Manchester City and the Gunners were denied a clear penalty.

THE SUN ON SUNDAY

Tottenham have reportedly added Wolves winger Adama Traore to their growing list of potential signings in January.

Arsenal are a potential contender for Aston Villa’s Douglas Luiz, with Mikel Arteta keen to add defensive strength to his central midfield options.

xxx
Picture:
Boubacar Kamara has interests from all over Europe

Jose Mourinho wants to hijack Manchester United’s transfer to Marseille midfielder Boubacar Kamara and tempt him to join Roma instead.

Midfielders Hakim Ziyech, Ruben Loftus-Cheek and Ross Barkley could all be sold by Chelsea in January as they seek funds to strengthen other areas of their squad.

Tore Andre Flo is stepping down from his post with Chelsea’s coaching staff to become head coach of Norway’s Sogndal squad.

Sven botman
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Sven Botman is also linked with Newcastle

SUNDAY MAIL

Newcastle have reportedly opened official talks with Lille over a deal for their £ 30million defender Sven Botman.

Napoli have reportedly reached a verbal deal with Manchester United over a loan deal for defender Axel Tuanzebe.

Tottenham are stepping up their interest in Philippe Coutinho with Barcelona ready to offload his £ 145million signing for around a tenth of that price.

Mauro Icardi could be on his way to Man Utd
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Mauro Icardi set for Serie A return with Juventus

SUNDAY MIRROR

Manchester United midfielder Donny van de Beek could be stranded at Old Trafford due to an argument between his former agent, who he sacked in October, and his current representative.

Paris Saint-Germain forward Mauro Icardi is set for a return to Italy with Juventus reaching a loan deal.

SUNDAY EXPRESS

Chelsea and Liverpool may have to play Champions League matches at neutral venues, with France and Italy having to introduce rules that only fully vaccinated players can enter venues.

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Relief For Stressed Cashew Firms, Interest On Loans Up To Rs 10 Cr Were Canceled | Kerala https://bobsbirdhouse.com/relief-for-stressed-cashew-firms-interest-on-loans-up-to-rs-10-cr-were-canceled-kerala/ Fri, 31 Dec 2021 06:45:45 +0000 https://bobsbirdhouse.com/relief-for-stressed-cashew-firms-interest-on-loans-up-to-rs-10-cr-were-canceled-kerala/ Thiruvananthapuram: Cashew nut companies in financial difficulty in Kerala should benefit from interest relief on loans that have become non-performing assets (NPA). The government will have to write off about Rs 500 crore as part of the relief. Interest on loans up to Rs 10 crore taken out by companies would be written off as […]]]>

Thiruvananthapuram: Cashew nut companies in financial difficulty in Kerala should benefit from interest relief on loans that have become non-performing assets (NPA). The government will have to write off about Rs 500 crore as part of the relief.

Interest on loans up to Rs 10 crore taken out by companies would be written off as part of the single settlement as part of a stimulus plan announced by the state government for the cashew sector. Loan accounts that have turned into non-performing assets until March 31 will benefit from these relaxations.

Businessmen who have taken out a loan of Rs 2 crore can settle their debts by paying 50% of the principal amount. Those who have received loans worth Rs 2 to 10 crore are expected to pay an amount of 60%.

Banks will have until February 28 to submit their instructions regarding formula reimbursement. At this time, the first installment of 10 percent should be paid.

After accepting the directive, repayment of the loan can be made within one year. Industrialists who had run associated companies as well as a cashew nut factory were also included in the scope of the aid.

The state government had started the process of formulating a package of measures for the revival of the private cashew industry in 2019. A committee was formed for a single regulation comprising the Bankers Committee at the level of the State, a representative of the government and representatives of industrialists.

The decision for a single settlement was finally taken following discussions between Minister of Industry P Rajeev and Minister of Finance KN Balagopal.

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Florida payday loan program robs investors of millions of dollars, SEC says https://bobsbirdhouse.com/florida-payday-loan-program-robs-investors-of-millions-of-dollars-sec-says/ Wed, 29 Dec 2021 14:01:03 +0000 https://bobsbirdhouse.com/florida-payday-loan-program-robs-investors-of-millions-of-dollars-sec-says/ MIAMI – Owner of Miami-based payday loan company defrauded hundreds of investors out of millions of dollars and paid others back with money he acquired through a Ponzi scheme, according to a newspaper article and federal regulators. Around 500 investors, including many from the Venezuelan community of South Florida, were won over by Efrain Betancourt […]]]>

MIAMI – Owner of Miami-based payday loan company defrauded hundreds of investors out of millions of dollars and paid others back with money he acquired through a Ponzi scheme, according to a newspaper article and federal regulators.

Around 500 investors, including many from the Venezuelan community of South Florida, were won over by Efrain Betancourt Jr.’s sales pitch on the high returns on their investments in his short-term loan operation Sky Group USA, the Miami Herald reported.

The Miami Securities and Exchange Commission filed a lawsuit against Betancourt, 33, and his company in September, according to the report. The agency accuses Betancourt of having committed securities violations as part of a scheme that authorities qualify as “affinity fraud”.

In addition to the SEC complaint, a half-dozen other lawsuits and arbitration cases have been filed against Betancourt, according to the newspaper. He has not been criminally charged.

Betancourt spent part of the $ 66 million raised from promissory notes for a lavish lifestyle that included a waterside condo in Miami and a wedding with his fourth wife in Monaco, according to the SEC complaint . He also accuses him of transferring money to his ex-wife and friends and of using at least $ 19 million from a Ponzi scheme to pay interest to certain investors in order to keep at bay.

The SEC complaint says Sky Group and Betancourt falsely told investors the company would use investor money only to make payday loans and cover the costs of those loans. They have been promised annual rates of return as high as 120% on the Notes.

“We continue to caution investors against any investment that promises returns that are too good to be true,” said Eric I. Bustillo, director of the SEC’s Miami regional office. Herald.

The SEC is asking for permanent injunctions and financial penalties.

The program lasted from January 2016 to March 2020, just before the onset of the coronavirus pandemic, according to the complaint, which indicates that when countless borrowers defaulted on their payday loans, Sky Group encountered a serious problem with cash flow and was unable to pay the interest. on investor promissory notes.

Court records and legal documents indicate that Betancourt also falsely claimed to have degrees in law and computer engineering in the United States.

Betancourt has repeatedly invoked his Fifth Amendment right against self-incrimination in a deposition earlier this month with a lawyer representing former clients, the Herald reported. In a deposition with the same lawyer in May, he admitted that he did not have degrees in law and computer engineering in the United States. But he insisted that his payday lending business was legitimate and called investors “lenders” involved in funding short-term, high-interest loans, which he called “business transactions.”

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“I made it very clear that they were investing in a payday portfolio,” Betancourt told attorney Rick Diaz.

In a motion to dismiss the complaint, Betancourt defense attorney Mark David Hunter argued that promissory notes are loans and not securities, such as stocks and bonds. Therefore, Hunter said, Betancourt and Sky Group did not break the law when they failed to repay the lenders.

Diaz described Betancourt as a “mini-Madoff,” a reference to the late New York financial adviser Bernard Madoff, who led the biggest Ponzi scheme in US history.

“I have dealt with, filed for and defended Ponzi schemes over the years,” he told the Herald. “Efrain Betancourt is the sweetest, most cruel and arrogant, selfish and narcissistic of all.”

Diaz’s client Andres Zorrilla told the newspaper he grew suspicious when Betancourt didn’t take his calls and ignored his emails when he tried to withdraw $ 30,000 from his investments in the business to help cover her mother’s medical expenses. One of her emails included a photo of her mother showing the surgical stitches from brain surgery.

“The guy was just stealing money,” said Zorilla, 38, who added that he also referred his wife, brother and several other associates to the Betancourt company. Together, Zorrilla and her immediate family invested $ 150,000 in the business. They received a few interest payments, but lost all of their principal.

“He made a lot of money and went a little crazy with the money,” Zorrilla said.

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This may be the way to go for student loans https://bobsbirdhouse.com/this-may-be-the-way-to-go-for-student-loans/ Mon, 27 Dec 2021 18:00:50 +0000 https://bobsbirdhouse.com/this-may-be-the-way-to-go-for-student-loans/ UNITED STATES – OCTOBER 6: A self-described protester and superhero, calling himself the Master of … [+] Degrees brandishes its ball and chain student loans at Freedom Plaza on Thursday, October 6, 2011, during the October 2011 Coalition rally to “Denounce the systems and institutions that support endless war and unbridled corporate greed,” as part […]]]>

It’s hard to try to navigate the student loan cancellation controversy, in large part because of the prevalence of absolutes in public discourse. All loans should be canceled as opposed to no loans. And those who advocate, God forbid, means-tested relief are reprimanded.

The difficulty with the argument from extremes is that the opposition of points of view is often based on exaggerated assertions and straw man arguments. Reality is almost always more complex and convoluted than intellectual struggles for simplistic “clear” answers.

The details of the processes are often where solutions can be found i.e. if people are primarily interested in solving the problems and not in establishing their political good faith and seeking potential career connections.

Like a reader on Twitter noted as part of a message, one way to consider loan forgiveness is to separate principal and interest.

As you expand on this, how much of the burden is accrued interest? If someone has paid qualifying amounts for years and has never seen a reduction in principle, is that fair? If the loans are guaranteed by the federal government, should they be 6% when many loans could be obtained for much less?

Perhaps forgiving accrued interest and resetting the clock would be one approach, or reviving the old Perkins subsidized loan program as needed. Expand the Pell Grants so that instead of today covering about a quarter of the cost of an education – for remember these are for the most economically disadvantaged families – pay enough for the 68% that were activated in the mid-1970s.

A lower cost community college could be of great help. Not as an end in itself, necessarily, but as a springboard. Many students go through two years of community college to take foundation courses at lower costs than four-year institutions and then transfer. Lower the cost of those first two years and the total loan burden can be thousands less.

Let the Treasury fund loans directly with rates roughly the same as what the United States pays on bonds, which is almost nothing right now.

Let the states fund more of their public universities, as was the case in the past. Legislatures who want to say that there is not enough money should ask themselves why they think, if a state budget does not have the funding, that individuals do.

Perhaps the government, as the Twitter reader suggested, should cap tuition fees per credit hour. Think of it as a negotiation between the vendors (the schools) and the federal government as the customer. Charge too much and the institution may become ineligible for federal loans, leading students to other universities.

Start seeing education as more than expensive trade schools. It’s not just about getting better jobs for individuals. The country could view education as the process of creating a more educated and intellectually empowered population who could engage with more insight and independence in governance, public policies, elections, culture, etc.

For those who obtain graduate degrees, have great loan reduction programs for people who can provide expertise in serving the country for a number of years. Like a GI, the people who serve in the neediest parts of the country as doctors, teachers, professional engineers and others.

Stop other areas of spending or revenue cuts, like some federal defense spending or tax cuts for the rich, and redirect a significant portion specifically to a fund that would help cut costs for students.

These are not the only possible approaches to a more rational and reasonable set of policies and practices. But to achieve progress, those in power must stop leading everything in a fight against extremes. First and foremost, try to resolve the problem.

]]> Transfer the news LIVE! Florian Wirtz enters Man United radar, Liverpool follows Kylian Mbappe and Haaland last https://bobsbirdhouse.com/transfer-the-news-live-florian-wirtz-enters-man-united-radar-liverpool-follows-kylian-mbappe-and-haaland-last/ Sat, 25 Dec 2021 20:37:29 +0000 https://bobsbirdhouse.com/transfer-the-news-live-florian-wirtz-enters-man-united-radar-liverpool-follows-kylian-mbappe-and-haaland-last/ We are getting closer and closer to the opening of the January sales. After Christmas, the proverbial rumor mill is likely to get carried away as teams desperately try to fill their teams’ gaps towards the end of the season. Granted, the winter market is generally seen as a harder market to navigate and perhaps […]]]>

We are getting closer and closer to the opening of the January sales.

After Christmas, the proverbial rumor mill is likely to get carried away as teams desperately try to fill their teams’ gaps towards the end of the season.

Granted, the winter market is generally seen as a harder market to navigate and perhaps heavy involvement would suggest that all isn’t right at a particular club, but, as always, big names are making the headlines.

Liverpool are said to have an interest in Mbappe, although he looks set to move to Real Madrid, while Bayern Munich supremo Oliver Khan has moved his club away from Haaland.

Elsewhere, Newcastle United are expected to be one of the main window players given their grim position in the Premier League juxtaposed with their newfound wealth off the pitch. Indeed, an offer for Kieran Trippier would be expected from those in the Spanish capital.

Follow all the latest gossip and rumors with LIVE coverage from Standard Sport.

Live updates

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Florian Wirtz has entered Manchester United’s radar, according to the Star.

The recent appointment of German football mainstay Ralf Rangnick has reportedly improved the Red Devils’ confidence to land the 18-year-old Bayer Leverkusen.

Bayern Munich, Real Madrid, Chelsea and Liverpool are also cited as passionate about Wirtz, which could cost £ 70million.

AFP via Getty Images
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Arteta gives the green light

Mikel Arteta has given the green light for Arsenal’s pursuit of Phillipe Coutinho, according to reports in Spain.

Fichajes.net claim the Barcelona playmaker is a top priority for the Gunners’ recruiting in January.

The arrival of Ferran Torres could be the last nail in the coffin of Coutinho’s career at Barca, who have struggled since his money transfer from Liverpool.

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Juve against Aubameyang

Juventus are considering withdrawing from a deal for Pierre-Emerick Aubameyang.

According to the Mirror, rumored interest is waning amid concerns over the Arsenal outcast’s huge salary and whether he would fit into Massimiliano Allegri’s tactical system.

The Juve coach would rather want a central striker to improve his squad in January.

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Cadiz to pick up the pieces

Luuk de Jong’s nightmare in Barcelona is about to end.

New manager Xavi is not interested in the loan signed from Sevilla by his predecessor Ronald Koeman.

And Mundo Deportivo details a deal to cut De Jong’s stay short and move him from La Liga to Cadiz on another loan.

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Extra pocket money for Mikel Arteta

Arsenal’s coffers are expected to swell to the tune of £ 12.5million.

According to FirenzeViola, Fiorentina are set to take their option to buy on loan from midfielder Lucas Torreira after impressing in Italy.

Talks between the clubs are said to have been going on for weeks to secure the deal.

AFP / Getty Images
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Prem threesome in the free agent push

Tottenham, Liverpool and Manchester United are interested in AC Milan star Franck Kessie.

The Express, via TMW, claims the trio could take a step in January before their contract at the San Siro expires, with talks of a renewal stalled.

Milan are said to still demand hefty fees, making a free agent transfer more likely this summer.

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Dembele set to sign new Barca deal

Spanish media Sport have announced that Ousmane Dembele will sign a new five-year contract with Barcelona next week.

The French winger, whose stay in Spain since signing Borussia Dortmund in 2017 has been plagued by injuries, has again been linked with a move in recent weeks, including to Arsenal in a trade for Pierre -Emerick Aubameyang.

However, the report claims that Dembele will extend his stay at Camp Nou and, most importantly, accept a significant pay cut for doing so.

AFP via Getty Images
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ESPN say Arsenal have spotted Sevilla forward Youssef En-Nesyri as an alternate center-forward option.

The Gunners are on the hunt for a forward, with Pierre-Emerick Aubameyang in disgrace and Eddie Nketiah and Alexandre Lacazette close to entering the final six months of their contract.

Dominic Calvert-Lewin and Dusan Vlahovic have both been heavily linked to the Gunners, but the Moroccan would represent a cheaper signing.

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Newcastle cold on loan from Martial

Football Insider claim Newcastle boss Eddie Howe has spoken out against a January transfer for Manchester United striker Anthony Martial.

The Frenchman could be allowed to leave Old Trafford next month and has reportedly been offered to Toon’s club on a six-month loan, which has reportedly cost the Magpies £ 6million.

The report claims Howe is focusing on strengthening his defense and central midfield first.

Manchester United via Getty Imag
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Brentford Transfer Guide

Thomas Frank’s men have made a great start to life in the top flight, but their resources have been strained by injuries to some key players.

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