Monthly Archives: July 2020

24 Hour Fitness Gets Lifeline With Approval Of $ 250 Million Loan

The bankruptcy of 24 Hour Fitness Worldwide Inc. has secured court approval for a $ 250 million post-bankruptcy loan, allowing the gym chain to maintain operations at least until the new year. The debtor-in-operator loan, approved by Judge Karen B. Owens of the United States Bankruptcy Court for the District of Delaware on Friday, includes […]

Open banking and its impact on your personal loan application

Australia’s banking industry recently introduced “open banking,” a new style of banking that gives customers control over their data. Whether you’re looking for a new home loan, personal loan, or credit card – or looking to refinance – open banking should make it easier for you to find better deals between banks. First of all, […]

Small business loan approval rate continues to rebound

the Biz2 Credit The Small Business Loans Index for June 2020 shows that small business loan approval rates continue to rebound. Biz2Credit Index of Small Business Loans June 2020 Small business loan applications rebounded from 11.5% in May to 13.5% in June, according to the index. The figures for June are significantly lower than those […]

Small business loan approval rates rebounded in June 2020:

NEW YORK, July 14, 2020 (GLOBE NEWSWIRE) – The percentage of approval for small business loan applications in big banks (over $ 10 billion in assets) rebounded just 11.5% in May to 13.5% in June, according to the Biz2Credit â„¢ Small Business Loan Index released today. June’s figure is still well below the record rate […]

Hidden loan terms prove costly for families looking for pandemic puppies – WFTV

Action 9 investigates pet shop contracts which can be costly mistakes. Consumer investigator Todd Ulrich exposes high-risk pet store sales at a time when many families are buying dogs for convenience during the pandemic. Read: ‘Super anxious throughout the flight’: Travelers feel more exposed to COVID-19 as airlines relax policies Like so many others, Jordan […]

Loan Application Rejected Despite High Credit Score? These may be the reasons

Credit rating is a primary indicator of credit worthiness. A good credit rating is considered important in obtaining loan approval from any bank or other financial institution. But sometimes, despite having a good credit rating, the loan application can be rejected. This is because lenders may also consider other factors in lending money. “Lenders work […]

PPP Loan Application Deadline Extended to August 8

If you haven’t completed a Paycheck Protection Program (PPP) loan application by the previous deadline, you’re in luck. On July 4, President Donald Trump extended the deadline for PPP loan applications by more than a month. The new deadline for PPP loan applications is August 8. PPP loan deadline extended to August 8 The previous […]

These “MUDRA Loan Approval Letters” Asking Borrowers to Pay Processing Fees/Legal Fees for Loan Disbursement Are Fake

We received a document (purported “MUDRA Loan Approval Letter”) on FACTLY WhatsApp Helpline to verify its authenticity. When we looked on the internet, we found that a Facebook page with the name “Pradhanmantri Mudra Yojna” had also posted a similar letter with the description: “Government Approval Letter”. In the letters, it is mentioned that a […]

Castle Rock DJ pays $1,000 for free disaster loan application

Editor’s note: Contact7 is looking for advice and public input to help those in need, solve problems and hold the powerful accountable. If you know of a community need that our call center could address, or have an idea for a story for our team of investigators to pursue, please email us at [email protected] or […]