Debt – Slave To The System Wed, 12 Jan 2022 02:27:22 +0000 en-US hourly 1 Debt – Slave To The System 32 32 ONEUNITED BANK LAUNCHES THE CASHPLEASE LOAN PROGRAM Tue, 11 Jan 2022 13:55:00 +0000

America’s Largest Black-Owned Bank Offers Short-Term Small Dollar Loans Without Credit Checks

BOSTON, January 11, 2022 / PRNewswire / – OneUnited Bank, America’s Largest Black-Owned Bank, Presents Cash Please, a small, short-term loan program to help clients better manage their money. Easy to access, without a credit check, CashPlease allows customers to avoid abusive payday loans and overdraft penalties.


Millions of consumers endure high cost payday loans every year. They struggle to pay their household bills on time, can incur late fees and experience negative effects on their credit score. With CashPlease, OneUnited Bank checking account customers have access to small, short-term loans to avoid these damaging consequences.

Cash Please® offers the option to apply online 24/7 with loan funds deposited within 4 hours. There is no credit report review. CashPlease offers a repayment option that is easy to automatically deduct from a current account in 3 installments over 3 months. The loans are affordable with reasonable interest rates and fees offering considerable savings over payday loans. Qualifications apply.

“We know better than anyone the expectations of our customers with regard to urgent unforeseen expenses.,“States Teri williams, President & COO. “With the 2 day prepayment and now CashPlease, we continue to use technology to deliver services to better meet the financial needs of our community.”

OneUnited Bank, the largest and first black-owned digital bank in America, strives to make financial literacy a core value of the black community through the #BankBlack and #BuyBlack movement.

For more information visit

Media inquiries: Suzan McDowell, Circle of One Marketing,, 305-576-3790 or 305-490-9145

OneUnited Bank

OneUnited Bank (, is the largest (largest customer base) and first black-owned digital bank in America, a Minority Depository Institution (MDI) and Community Development Financial Institution (CDFI), is a ten-time recipient of the US Treasury Department’s Bank Enterprise Award due to its community development loan. Its mission is to be the premier bank serving urban communities by promoting financial literacy and providing affordable financial services.

(PRNewsfoto / OneUnited Bank)

(PRNewsfoto / OneUnited Bank)



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Rêv & Visit Mexico Establishes Payment and Loyalty Innovation Partnership Focused on Boosting Engagement in Cross-Border Travel | Your money Thu, 06 Jan 2022 16:06:29 +0000

AUSTIN, Texas and MEXICO CITY – (BUSINESS WIRE) – January 6, 2022–

Today, Rêv Worldwide, Inc. (“Rêv”), a global innovation company in payment and loyalty products, and Visit Mexico, Mexico’s official tourism marketing agency, announced a strategic partnership multi-year program aimed at fostering cross-border tourism by leveraging innovative digital products and services that facilitate engagement, convenience and value for the travel industry.

This press release features multimedia. See the full version here:

The SuperApp Rêv X World Wallet (Photo: Business Wire)

With the introduction of the X World Wallet, a multi-currency debit account accessible by downloading a mobile application, linked to physical and digital Visa cards, and an integrated loyalty program, Rêv and Visit Mexico are taking a first step by offering a suite of products and services whose mission is to promote tourism activity for one of the most important travel corridors in the world.

The X World Wallet, now available nationwide, puts a powerful tool in the hands of its users that facilitates international transactions, discounts on travel bookings and a points-based loyalty program that helps maximize value. for the user. While there are a variety of branded and co-branded credit products targeting the travel market, the availability of a mobile-first debit product that combines payments, currency exchange, loyalty, and reservations is part of it. a recent wave of innovation that gives consumers an alternative to credit cards with high application requirements, high annual fees, restrictive interest rates and loyalty programs.

“We’re proud to work alongside Visit Mexico to put our technology to work so travelers can access relevant, hassle-free tools to make their travel easier,” said Bertrand Sosa, President and Chief Marketing Officer, Rêv Worldwide.

Given the continuing impacts of the global pandemic on the travel industry, consumers and industry players are seeing how digital solutions play an even greater role in helping reduce friction and open the possibility improve key aspects of the travel experience. As the pandemic has decimated the world’s travel industry, Mexico is one of the few countries that has kept air travel open during tough times. The World Tourism Organization (WHO) estimates that Mexico was the third most visited country in the world in 2020.

“As we continue to make Mexico the best destination for travelers around the world, we are excited to collaborate with Dream on the development of useful products that help us connect with travelers and enhance their travel experience – by starting with making it easier, cheaper and safer for Americans to transact in our country, ”noted Carlos Gonzalez Gonzalez, CEO of Visit Mexico.

In a recent report citing travel recovery trends, Ryan Felipe, Visa’s North America cross-border business manager, said, “Travelers continue to seek digital experiences throughout their travels – from planning and planning to the reservation for the payment of meals and purchases on the road. This provides an opportunity for financial service providers and businesses to drive increased engagement with their customers through trigger-based offers and messaging to build loyalty.

The X World Wallet provides users with access to person-to-person payment transfers, tap-and-go shopping convenience, virtual and digital payment card features, lock / unlock account security features and an integrated support platform to automatically contribute to climate change initiatives. . No Credit Check, Low Fee, No App Refillable Visa X World Wallet ™ Debit Cards available on Account X are issued by Texas First Bank, pursuant to a license from Visa Inc. and subject to the cardholder’s terms and conditions. card. There are no offline or online purchase transaction fees, or foreign conversion fees when using the Visa X World Wallet card (s). Standard ATM fees and applicable exchange rates apply. For more information on the X World Wallet, visit

Dream and Visit Mexico are also working together to make the X World Wallet available in Mexico in early 2022 so that Mexicans traveling abroad can also enjoy the benefits that American tourists have access to now.

About Rêv

Dream is a fintech company, founded by prepaid debit industry pioneers Roy Sosa and Bertrand Sosa, dedicated to delivering innovative payment experiences to consumers around the world. Its solutions are based on the company’s proprietary multi-currency and multilingual payment processing platform. With extensive experience in the development of innovations in the payments sector, Rêv focuses on the general and international banking and travel sectors. Rêv has partnered with companies around the world to launch products in the Americas, Europe, the Middle East and Asia-Pacific. Learn more about

About Visit Mexico

Visit Mexico, the official brand under which the Mexican Tourist Board has been promoting national and international travel within and outside Mexico for years, is now a private-government collaboration functioning as the agency official marketing officer responsible for developing tourism campaigns, partnerships and innovative projects. operating models to promote the country’s tourism activity around the world. For more information visit

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CONTACT: Dream in the world

Kuki Bastos



SOURCE: Rêv Worldwide, Inc.

Copyright Business Wire 2022.

PUB: 06/01/2022 11:05 / DISC: 06/01/2022 11:06

Copyright Business Wire 2022.

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How does “Buy Now, Pay Later” Affect Your Credit Score? Mon, 03 Jan 2022 12:00:06 +0000

If you’ve been shopping recently, you’ve probably been offered the option to “buy now, pay later” (BNPL) – in other words, split your transaction into installment payments. Getting extra time to pay might seem like a good deal if your budget is tight, but going this payment route may not be risk free for your credit.

Installment payment services have really took off. And credit card issuers are starting to offer their own versions. But not all BNPL programs work the same. Before signing up, make sure you don’t put your credit score at risk.

The key questions to be answered before connecting to BNPL are as follows:

  • Will your payment activity be reported to the credit bureaus?
  • Does the service make a hardware or software request when you apply?
  • What happens with late or missed payments?

Are BNPL’s services the responsibility of the credit bureaus?

Because BNPL is an emerging field, there aren’t many definitive answers as to whether or not BNPL transactions are reported to credit bureaus, says Ethan Dornhelm, vice president of scores and predictive analytics for FICO.

“The consumer can ask or do a little research online to determine if that particular issuer is reporting loans to the credit bureau right now,” says Dornhelm. “This will at least give them an indication of the immediate likelihood that their credit score and records could be affected by getting the loan.”

The problem? “Nobody reads the fine print,” says Howard Dvorkin, CPA and president of “Either you check on a terminal, or your computer or your phone, and the screen is small, and you’re not going to sit there and read that loan language.”

No one reads the fine print. Either you pay at a terminal, or on your computer or phone, and the screen is small.

– Howard DvorkinPresident,

With 60% of consumers say they have used a BNPL service, and more and more of these services are popping up all the time, it’s important to understand how they work. Here’s a look at how choosing BNPL could impact your credit.

Do BNPL services use a soft or hard request?

Many people use BNPL’s services as an alternative to credit cards, assuming no risk for their credit. Mary Rosado, a resident of Staten Island, NY, says she uses BNPL Afterpay and Klarna services all the time. “They don’t ask for your social security number, so I don’t see how they can pull your credit report,” Rosado says. “I use them, to be honest, because I have bad credit and I can’t get credit cards. “

Rosado is right. The services she uses perform a smooth credit draw that does not affect your credit score. “When a credit check is performed, we verify a client’s identity using the details they provide and we review information on their credit report to understand their financial behavior and assess their creditworthiness,” explains a spokesperson for Klarna.

But consumers should be aware that some BNPL services use strict credit checking. For example, Affirm offers a 0% APR option with four biweekly payments and no credit checks, but its long-term installment loans rely on careful investigation. PayPal’s “Pay in 4” only uses soft credit, but PayPal Credit does a full credit check.

Overview of bank rates

One serious request is not going to lower your score, but consumers should be aware that some BNPL services use a serious credit check.

It is important to understand these distinctions when you are presented with different payment options at checkout, as new credit requests account for 10% of the FICO score calculation.

“The analysis of millions of credit reports that we use to establish our FICO scores consistently shows that those with a higher number of recently requested and recently acquired accounts are a slightly high retention risk across the board,” says Dornhelm. .

Of course, one serious investigation is not going to lower your score. “We usually say that a survey is unlikely to impact the score by more than five points,” says Dornhelm. “But for a rare segment of the population, it could have a significant impact.”

If you’re applying for a mortgage or refinance, for example, just a few points could put you in a different level of interest rate qualification.

The biggest problem is whether you take out loans that regularly use in-depth surveys. “If they do a report and you go out and get five of these loans, it looks like you are in desperate need of credit,” says Dvorkin. “You have to be very careful.”

Do BNPL services report payment activity?

The next potential credit impact occurs if the BNPL service reports account activity to one of the credit bureaus. Again, some do and some don’t, and this can vary depending on the loan product. For example, Affirm does not report activity on its four bi-weekly payment offer, but longer-term loans are reported as installment loans.

Then there are some BNPL products, like PayPal Credit, which can offer revolving lines of credit rather than fixed loan payments, explains Dornhelm. With revolving accounts, the amount of available credit you use (called credit usage) also has a significant impact on your credit score, which is 30%.

This is why it makes sense to know if and how the BNPL service you are considering is paying off your business. Since payment history is the most important factor in calculating FICO, accounting for 35% of your score, consumers with thin credit files might even benefit from using these products as a way to demonstrate a positive payment behavior, explains Dornhelm.

What happens if you miss a payment?

When it comes to your credit, missed payments can be very damaging, but remember: not all BNPL programs report your activity. So if you miss a few payments but catch up, your score might come out unscathed.

“I was late this week, so they just sent me a notice saying ‘okay we’ll try again in a few days’,” Rosado said. “They don’t have my social security number so I don’t know how that can go against my credit.”

Because her services don’t report, she’s right to be in the clear. But let’s say someone ends up defaulting on their remaining balance. Once a debt is sent to collections, the credit bureaus will be notified. Klarna does this after 82 to 90 days of delinquency, while Affirm waits 120 days.

Of course, if BNPL makes a report, once you miss a billing cycle it will likely show up as a negative item on your credit report and trigger a drop in score.

“When it comes to missing payments, the main goal of the score is when the payment was missed and the severity of the payment default,” says Dornhelm. “And so to that end, missing payments are likely to have a significant impact on a consumer’s score.”

Verdict on BNPL’s credit impact

BNPL’s offers could be useful tools, especially for consumers who do not have access to other types of credit. When used with care, and especially if there is no investigation or report, they can offer some leeway for credit inconvenience-free repayment.

Overview of bank rates

When used with care, especially if there is no investigation or report, BNPL plans can provide leeway for inconvenience-free credit repayment.

“For me, BNPL is more manageable as long as I don’t get carried away,” says Rosado, who typically tries to keep spending less than $ 400 so his payments don’t go over $ 100 at a time.

Choosing BNPL options that perform credit checks and report payment activity is a bit riskier on credit terms, but as long as you use them sparingly and pay on time, they can work in your favor.

Credit issues aside, it’s important not to be tempted by BNPL’s offers. “If you can’t afford it, don’t buy it,” Dvorkin says. “Consumers are very optimistic and sometimes get into trouble. But if you are using a BNPL offer, he recommends that you automate your payments, so you don’t trip up and forget to pay.

As with any credit product, your primary goal should be to keep debt low and pay that debt on time, adds Dornhelm: “These behaviors, whether it’s on a BNPL loan, a credit card or a loan. staff, are likely to help the consumer’s FICO score in the long run.

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Payday Loans Wyoming (WY) | Fundraising on the Web Casper Cheyenne. Using Wyoming Online Payday Loan Financing Sat, 01 Jan 2022 19:31:58 +0000 Payday Loans Wyoming (WY) | Fundraising on the Web Casper Cheyenne. Using Wyoming Online Payday Loan Financing

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Wyoming is part of a more remarkable painless landscape with rugged mountains and resorts traversing average landscapes. Their state is certainly agricultural agrarian are certainly more the way of life. Most people are next to modest items. It is sparsely inhabited, so no clamor and din through the way of life of the region that has populated. The atmosphere is obviously 100% pure although the air is evident. The sheer allure of location is gripping many retirees. No Credit Check Payday Advances in Buffalo There are several cities to attract in the young type also. Cheyenne is undoubtedly regarded as a bar and group organizer with Outlaw Saloon. They throb because endurance in terms of activities for young people and homes like the Celtic event including the musical and national Speedway. To ensure that it gives way to the young alongside the obsolete. The gusts of wind listed below are also painful because managed, thus becoming ware. The winter seasons are often harsh and often more than the winters which can be Alaskan. Wyoming Economic Climate Proven idea regarding the introduction of coal, oil and gas certainly typical that it includes a high percentage of screen towards its overall economy. Wyoming’s economic climate also thrives on livestock in addition to grazing products and other areas like production and industry options to present.

Dominant financial statement does not inspect anyone at any time able to manage any common economic. You can find immigrants looking at the personalization stage of everyday life, lonely parents offer their problems, students and resigned all can cope with the economic place, it certainly fits this lady’s daily life. Perhaps the prepayment mortgage is the one that absolutely helps you get through the financial crisis.

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Today’s market will not verify that no one should previously encounter conditions which are only the state of financial solvency. You can find immigrants who are looking at the amounts of change in their lifetime, the person’s parents have their particular issues, the young, which means all the resigned can find a seriously limited economic place in their daily lives. Unsecured guarantee funds can be the ones that frequently allow people to recover due to the economic crisis.

Cash advance try a temporary personal debt used against their particular income. It should be the best address if you are being watched from within in difficulty. To help you get it, there really isn’t much to do with someone who is a US citizen / resident supporting regular $ 1000 marketing. You also want a bank account.

This investment is present both through the store and during the resolutely digital system. You can get them from anywhere. You should complete the form with specific information that is both professional and proprietary each time you identify a storefront. You need to load the tag, target, cell phone number, email id, general public defense amounts, function information like detection, registration period, etc. . from inside the type. Maybe you’re supposed to create the pay stub for at least four weeks. When everything is clearly verified by the financial institution, you can certainly expect to place the post-dated research guide of that packed amount on it. The amount that is due to the work is as complete as the key amount, that is, attention, as the costs if any. The mortgage provider has the ability to implement an obsolete registration document in case you do not invest the required level beyond the time.

There are certainly lenders who offer a 24X7 solution. Imagine shoveling accumulated snow, your personal pop shakes and affects on its own, it rushed to health care. This means that this is a real review that might not be enough to please most prices, it means that after you recognize your interior in the center you start to respond to the style of winning. money at home. Once the design is worth it, the bank checks every element of the records and comes back and asks anyone to discuss the payroll visibility range to make sure they can get the expected grade for guaranteed options with your approval. This could be the convenience of wages benefiting from debt.

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Classifieds December 31, 2021 – January 13, 2022 Fri, 31 Dec 2021 15:55:51 +0000

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Like/27/ Home Skin “Tria Age Defying Laser” for sale 4000 THB! The laser has been little used and is in excellent condition, purchased in Canada. It is basically for gentle laser skin toning. Designed primarily for older women to reduce wrinkles and sun spots. Contact: 087 585 1434 (English) or 098 334 2109(Thai)

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How do I get a life insurance loan? Tue, 28 Dec 2021 14:00:30 +0000

Can you borrow against life insurance? Yes. Should are you borrowing from life insurance? The answer depends on the cost of borrowing against life insurance.

In short, a policyholder who takes out a loan on a life insurance policy and repays it quickly enough to avoid interest charges may be acceptable. But an insured who takes money out of a life insurance policy without a plan may soon learn that life insurance loans can ultimately be more expensive than expected.

Life insurance loans can be tricky – terms vary widely depending on the company and the type of policy. When borrowing against life insurance, it is important to consider the downsides. For example, here are three of the financial consequences of borrowing a life insurance policy:

1. Aggravated debt

How interest works can be a bit tricky with a life insurance loan. Suppose an insured takes out a loan of $ 25,000 at an interest rate of 8%. Interest for the first year is $ 2,000. The policyholder can either pay the $ 2,000 out of pocket (with a principal payment if he wishes) or pay the $ 2,000 from the cash value remaining in his policy. If they choose to withdraw the cash value funds, that amount is added to their total debt, so they now owe $ 27,000. The following year they owe interest on $ 27,000, which adds another $ 2,160 to the debt, and so on.

There is a bit of “babysitting” that must go on after an insured borrows against life insurance, especially if it allows interest to accumulate. At some point, they can withdraw more money than they have in their policy, and the policy will expire. If the policy expires and is canceled, they lose everything they paid, no longer have the death benefit to bequeath to the heirs, and are likely to owe taxes on the money withdrawn.

2. Tax implications

As long as a policy is active, the accumulated funds are not taxable. However, it is considered a taxable gain when the cash value of the policy exceeds the premiums paid.

Here’s a simplified example: Suppose someone pays on a policy for 20 years. They pay a total of $ 20,000 in premiums and the cash value increases to $ 23,000. They borrow 85% of the cash value, or $ 19,550. They are in a difficult situation and stop paying the premiums. First, the insurance company accesses the remaining $ 3,450 in cash value to cover the premiums. Once those funds are gone, they cancel the policy. The IRS then says that the policyholder owes taxes on the difference between the cash value that was in the account ($ 23,000) and the total that he has paid over the years in premiums ($ 20,000 ), and sends him an invoice for $ 3,000.

3. Changes in death benefits

Any unpaid portion of a life insurance loan on the death of the policyholder is deducted from the death benefit. For example, if someone dies because of $ 60,000 on a life insurance policy valued at $ 500,000, beneficiaries receive $ 440,000.

An interesting note about permanent life insurance and death benefits is that insurance companies “absorb” any accumulated cash value. Let’s say a person has a $ 500,000 policy that has accumulated a cash value of $ 50,000. When they die, their beneficiaries receive $ 500,000, but the insurance company pockets the $ 50,000. The only workaround is if the insured has purchased a special rider that gives cash value to the estate.

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3 Quick Money Options to Avoid When You Need Cash Now Mon, 27 Dec 2021 19:58:45 +0000

LOS ANGELES – December 27, 2021 – (

iQuanti: When you are in desperate need of money, you may be ready to look anywhere for it. But some quick cashout options can put you in financial trouble just to borrow money to cover essential expenses or an unexpected bill. So the next time you’re in a bind and need money now, here are 3 quick cash options to avoid and to turn to instead.

Pawnbroker loan

If you are in need of cash and have valuables like jewelry, artwork, or electronics, loans from pawn shops may seem appealing. And, if you have an item worth pledging, you can often get the cash in minutes without a credit check.

But the main disadvantage of a pawnshop loan is that you risk losing your item forever if you cannot pay off the loan on time. Add to that the interest rates, which can be very high, and you might have a hard time paying off what you owe. Also, depending on how much money you need, you may need to pawn a higher value item as pawn shops only offer a fraction of the item’s value.

Cash advance by credit card

The appeal of a credit card cash advance is that you can get cash quickly from an ATM without approval, just like you would with a debit card. But this type of short-term loan has several drawbacks.

The interest rate for a credit card cash advance could be up to double what you would pay for regular credit card transactions. Also, when you add the charge for a credit card cash advance, the repayment can be much more expensive.

Credit card convenience check

A credit card convenience check is similar to a regular bank check, but instead of debiting money from your checking account, it adds money to your credit card balance. The problem with payday checks is that fees and interest rates can start to add up quickly.

In addition, managing paper checks always carries an additional risk of physical loss. And unfortunately, the bank may not be willing to reimburse you as they might if you make the purchase with your credit card.

Quick cash alternatives to consider

These loan options may be a better choice than pawn shops, credit card cash advances, and payday checks:

  • Installment loan: A installment loan can give you a lump sum of money up front that you can pay back over time in fixed monthly installments or in installments. If you want a larger loan amount and don’t want to use an item you own as collateral, this option may make sense.
  • Cash advance: If you have a regular salary, you may be able to get funds quickly with a cash advance. And since these loans often come with lenient credit score requirements, borrowers who are striving to improve their credit score can still be approved.
  • Personal line of credit: A personal line of credit is similar to a credit card in that once approved, you can access an open-ended revolving loan and spend up to the limit. You will then need to make minimum monthly payments until the loan is repaid. One of the main advantages of a personal line of credit is that you will have constant access to money, often at a lower interest rate than on a credit card.

The bottom line

You may find yourself in a situation where you need to get a loan to cover your expenses quickly. But some types of loans like pawn shops, credit card cash advances, and credit card payday checks can be more of a problem than they are worth. Instead, considering options like an installment loan, cash advance, or personal line of credit can help you get the cash you need on better loan terms.

Notice: The information provided in this article is for informational purposes only. Consult your financial advisor about your financial situation.

Press Releases Department

Primary source:

3 Quick Money Options to Avoid When You Need Cash Now

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Remembering a Christmas Story | News Sat, 25 Dec 2021 06:15:00 +0000

I heard a story a long time ago; it comes back to me from time to time, and mostly seems at this time of year.

Looks like there was a family – well, if you can call them that.

Rumor has it they weren’t married.

But should have been, if you know what I mean.

The whispers say she was, well, you know: pregnant.

Even more whispers say the child was not his.

Either way, this guy – you have to give him credit for that – he got it right, as they say. Maybe he really liked her, who knows. But he loaded her up and brought her back to her hometown. He was going to do well with her.

No, I don’t remember how they got there. Maybe some cheap junk he bought from one of those “no credit checks” lots. But that’s not the point.

Anyway, they got to town and, well, I guess this guy wasn’t a planning genius as it turned out there was no place for them where to stay.

Whatever parents he might have had in town, apparently they didn’t want anything to do with him.

Hmm? No, I don’t know for a fact. But you just have to understand, right?

Anyway, so they go to a lousy motel – but they also turned them away.

How do I know? Maybe they were full. Maybe his debit card was rejected.

Although… well, maybe I shouldn’t be saying that; it’s not my style to spread gossip – but I’ve heard these people are… you know… different.

Drinking more during a pandemic means more liver disease to come

In fact, I don’t think they spoke English at all.

I don’t know how they crossed the border; I was not there. But I heard that their papers weren’t exactly in order. And you know what that means.

So this clerk, well, who can blame him? Who needs trouble? He told them there was no room.

I don’t know why they didn’t go to one of the homeless shelters. I do not know; maybe, being from out of town, they didn’t know where to go. Perhaps they were afraid they would not pass the drug test. These people are like that, you know.

But one thing I will say about these kinds of people, they always seem to be able to sniff out hiding places.

No, I don’t know where they went. Maybe an unlocked storage shed. Maybe they climbed through the window of an abandoned house. Maybe they just hid under the overpass.

All I know is she had this baby.

One more mouth to feed, and they should have thought about it before she did – well, you know.

Anyway, for all of us, honest, hard-working people who don’t expect government to take care of us, he was just another child.

The story gets a bit blurry at this point. I’ve heard some pretty crazy rumors, but like I said, I don’t spread gossip.

All I know is the kid grew up and – big surprise here – he wasn’t exactly a model citizen. I had all kinds of crazy, hippie-dippie ideas. Peace and love; all that. Is not it? MDR. I never had a regular job, but the apple doesn’t fall far from the tree, you know what I mean?

Heard it ended badly, but what do you expect?

It’s Christmas anyway, so I have to go. Gifts to open, cookies to eat, songs to sing, all that good stuff.

It’s funny, however, how this story comes to mind around this time each year.

A homeless man with radical ideas about loving the excluded, welcoming the stranger, feeding the hungry… I don’t know what that could have to do with Christmas.

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Data Exchange-Based FinTech Company Klover Hires Chief Operating Officer Mon, 20 Dec 2021 22:42:37 +0000

Data Exchange-Based FinTech Company Klover Hires Chief Operating Officer

20 December 2021

Klover, a financial services platform whose users voluntarily share data in exchange for financial products and services, has named Meredith Guerriero, a former Google, Facebook and Pinterest executive, as COO.

Founded in 2019 and based in Chicago, Klover will offer full banking service, including “meaningful and free tools and services focused on financial health”, with “no interest, no credit checks, and no hidden fees.” By leveraging data and information authorized by consumers in concert with trusted partners, the company aims to provide customers with “a combination of the feel of community banking and the advanced technological power of high-tech banking applications. today ”. It already has three million users.

Guerriero, who will lead the company alongside co-founders Brian Mandelbaum, CEO and Dominic Bennett, brings experience in building and growing billion dollar tech companies. At Pinterest, she was VP of Sales and Partnerships, executing pre-IPO strategies and responsible for over a third of the company’s revenue with Fortune 500 partners. Prior to Pinterest, she joined Facebook in 2015 to develop its presence in the health sector; and earlier, she spent a decade at Google, rising through the ranks to being Global Director of Automotive, then Global Director of Programmatic Platforms and Solutions.

She comments: “We have a real opportunity to eliminate the shame and embarrassment that surrounds personal finances. We’ve hit a record number of families living paycheck to paycheck, and I want to help give them a different path using a new asset, data. Most importantly, I am very passionate about leading by example and leading the way for women. The female representation in the C-suite, in particular in Fintech, is lacking. I want to change that ‘.

Website: .

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