Bike Financing – Cycling Fan http://www.cyclingfan.org/ Thu, 16 Sep 2021 01:23:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://www.cyclingfan.org/wp-content/uploads/2021/04/default1-150x150.png Bike Financing – Cycling Fan http://www.cyclingfan.org/ 32 32 State approves $ 600 million loan for municipalities in North Carolina http://www.cyclingfan.org/state-approves-600-million-loan-for-municipalities-in-north-carolina/ http://www.cyclingfan.org/state-approves-600-million-loan-for-municipalities-in-north-carolina/#respond Wed, 15 Sep 2021 23:00:00 +0000 http://www.cyclingfan.org/state-approves-600-million-loan-for-municipalities-in-north-carolina/

Charlotte is set to borrow more than $ 100 million for public safety and housing development projects.

The North Carolina Local Government Commission (LGC) on Tuesday unanimously approved Charlotte’s plan to borrow nearly $ 125 million for police and fire stations, a police helicopter and to fund other capital improvement projects. The Charlotte Housing Authority also received unanimous approval to borrow more than $ 40 million in bonds for two multi-family housing projects.

The LGC, which is chaired by State Treasurer Dale Folwell, and comprised of State Department Treasurer, is responsible for overseeing the finances of more than 1,100 local government units. The commission also approves loans for the units after determining whether they can afford to repay the debt. The commission on Tuesday approved nearly $ 600 million in refinancing requests.

Charlotte plans to build three new police stations and a new fire station and acquire land for future fire stations. Its other plans include renovating an animal care and control facility, and the city will also purchase a new fleet repair station. The funding would not result in a tax increase for city residents. Debt service will be paid from the revenues of the Municipal Debt Service Fund.

Residents of Garner will see an increase in the property tax rate of up to 2 cents per $ 100 of assessment under a fundraising plan approved by the LGC on Tuesday. The commission gave the green light to Garner’s plan to sell $ 69 million in general bonds.

More than $ 35 million would be spent on new parks and greenways and on improving existing ones. An additional $ 24 million would be used for new streets, bike paths and sidewalks, and $ 6.5 million would fund the construction and expansion of public safety facilities. The remaining $ 2.9 million would go to improving stormwater.

Morrisville homeowners will see a property tax increase of up to 3 cents per $ 100 of assessment as part of the town plan. The LGC has approved $ 37 million for the sale of general bonds for parks and recreation improvements, construction, transportation projects, new fire stations and other improvements to public safety. The city’s population grew 68.9%, from 18,745 in 2010 to 31,670 in 2019, according to data from the US Census Bureau.

The LGC has approved $ 13.5 million in general bond bonds for Mount Holly. This would result in a property tax increase of 7.5 cents per $ 100 of assessment for residents. The money will be used for land to connect the city’s greenway system and new parks.

Other funding requests approved Tuesday by the LGC:

• Lincoln County: $ 20 million to construct an emergency management building;

• Nash County: $ 16 million for a new detention center;

• Shelby: $ 10 million for streets and sidewalks;

• County of Vance: $ 5.1 million for maintenance projects in several schools;

• County of Dare: $ 3 million to purchase land for an emergency management service station and youth center;

• Brevard: $ 2.3 million for the construction of a new community center and parking lot;

• Elizabethtown: $ 2 million for street repairs and resurfacing.

Washington Examiner Videos

Key words: News, State, North Carolina

Original author: Nyamekye Daniel, the central square

Original location: State approves $ 600 million loan for municipalities in North Carolina


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Ola electric scooter sales postponed due to technical issue http://www.cyclingfan.org/ola-electric-scooter-sales-postponed-due-to-technical-issue/ http://www.cyclingfan.org/ola-electric-scooter-sales-postponed-due-to-technical-issue/#respond Sat, 11 Sep 2021 12:32:20 +0000 http://www.cyclingfan.org/ola-electric-scooter-sales-postponed-due-to-technical-issue/

Ola Postponed sales of electric scooters

– The official website has witnessed a technical problem

– Sales will start from September 15th now

Ola Electric has postponed the start of sales of its S1 and S1 Pro offerings in India due to a technical issue. As we told you, the company planned to start selling its electric scooters online on September 8. However, the CEO of the company, Bhavish Aggarwal, sent a letter the same day, apologizing for the delay and citing a technical failure as the reason. He also said the new start date for the sale is September 15 at 8 a.m.

Headlamp

Despite the schedule change, the sales process will remain unchanged. People who have booked one of the electric scooters will be able to purchase it according to their booking sequence and deliveries will also be made in the same format. The overall buying and financing process will be completely digital, with no paperwork involved. Ola has been accepting online pre-reservations for electric scooters at Rs 499 since July of this year.

The Ola S1 and S1 Pro are generously equipped with modern features such as a touchscreen, full LED lighting, Wi-Fi, Bluetooth, GPS, keyless operations and many other perks. However, the S1 Pro has additional features such as a hill hold system and cruise control. There is also a difference in their range and top speed. Those numbers are rated at 181 km and 115 km / h, respectively, for the top-of-the-line Pro version. Additionally, while the S1 is only available in five color options, S1 Pro buyers have 10 paint schemes to choose from.


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City Code Changes Approved Despite Divided Council – Chico Enterprise-Record http://www.cyclingfan.org/city-code-changes-approved-despite-divided-council-chico-enterprise-record/ http://www.cyclingfan.org/city-code-changes-approved-despite-divided-council-chico-enterprise-record/#respond Wed, 08 Sep 2021 11:08:19 +0000 http://www.cyclingfan.org/city-code-changes-approved-despite-divided-council-chico-enterprise-record/

CHICO – After a month-long hiatus, Chico City Council resumed Tuesday evening with a main talking point on the agenda for final reading: amending the city code.

The amendments created divisions among the citizens of Chico, significantly in the last council when they were presented at first reading. The amendments were once again given a final reading and passage on Tuesday before going 4-3 without the support of Deputy Mayor Kasey Reynolds, Councilor Alex Brown and Councilor Deepika Tandon.

Among the changes: redefining “accommodation space” and “camp”, changing the rules for storing personal property in public space, clearer definitions of how the police interact with homeless people and decisive guidelines on what is considered an open shelter.

At Brown’s request, city attorney Vincent Ewing spoke about the purpose of varying city ordinances.

“As I mentioned on first reading on this point, the city ordinances had been criticized by Judge England, several community services and the ACLU,” Ewing said. “This is what I would describe as a ‘cleaning order’. It is not about running out and starting to enforce these ordinances.

Additional appropriations and budget changes were also discussed by council after being presented by Public Works-Engineering for the transfer of funds from an existing capital project to a new Town Recreation Fund.

The changes relate to a potential ice rink in downtown Chico. Public Works-Engineering said in its report that the change will allow fundraising staff to track revenue from sponsorships, rink admissions, rink rentals and special events. The potential opening date is set for November 19 and would run for eight weeks.

After councilors discussed the possibility of the rink being affected by the COVID-19 pandemic, the current downtown area not housed and the details of the contract with the rink supplier, the agenda item was been delayed. It will be reintroduced at the next council meeting with more information regarding the contract and the impact of the ice rink on the environment. The reintroduced element passed 7-0.

Nichole Nava spoke to council about the potential rink and concerns about the downtown location, citing homeless people at City Plaza.

“I support the things that are good for Chico. Hopefully we’ll get our act together by then, ”Nava said. “What are we going to do to make everyone feel safe? “

Jesica Giannola spoke to council and said the rink looked unpleasant during an ongoing housing crisis.

“We are currently experiencing a housing crisis. Focusing on an ice rink when we have a heavenly ice rink doesn’t seem right. It’s like a slap in the face of (the city’s) needs, ”said Jesica Giannola. “Why do we live in two separate worlds? It is simply not appropriate. It sounds like fun, but it’s just not our reality right now.

A review of the proposed US Rescue Plan Youth Grant program was also approved and the final allocation decided. The program received an allocation of $ 500,000 to be spent on youth.

On the advice of Vice Mayor Reynolds and Councilor Morgan, the funds for the program will be split 70-30, with 70 percent of the funds going towards repairing fences along the nearby Union Pacific Railroad cycle path, extending from avenue W. Lindo to Chemin de Rio Chico. Due to its proximity to the state of Chico, many students use the bike path to get to and from class. The remaining 30 percent of the funds will go to three or less nonprofit organizations supporting young people. It went 6-1 without the support of Councilor Brown.

The director of human resources and risk management, Jamie Cannon, has also made a request to the city for a change in the salary scale of the rangers. Currently, the maximum hourly wage for a sworn ranger is $ 26.13 per hour, with the new recommended maximum wage being $ 37.77. For a senior sworn ranger, the hourly wage is currently $ 30.52, with the new recommended maximum wage being $ 44.19. The motion was carried 6-1 without the support of Councilor Brown.

The council also voted to fill vacancies for the city’s Airport Commission and the Architectural Review and Historic Preservation Board.

For the Airports Commission, Marc Breckenridge and Martin Nichols have been selected for a two-year term.

For the Architectural Review and Historic Preservation Board, Georgi Bellin and Thom Thomson were selected for a four-year term.

Other business

The board also approved:

  • Zoning changes for a property located at the southwest corner of the Esplanade and Eaton Road for an Arco AMPM.
  • A resolution declaring part of the municipal property east of Estes Road and southwest of Ivy Street as exempt surplus.
  • Cancellation of pension obligation bonds to be issued. The adoption advises the municipal authority to cease all further action after the rejection of the judicial validation procedure in July 2021.
  • An update on Mayor Coolidge’s committee appointments following the resignation of two councilors.
    A request from the Deputy Director of Finance for the review and approval of an additional allotment and budget amendment for budget adjustments to income, transfers, operating expenses and capital expenses.
  • Additional credit and budget change for the Chico fire department in response to the park fire.
  • Modifications and reallocations of real estate leases at the municipal airport of Chico.
    Approval of the minutes of the meetings of July 20, July 27 and August 3.
  • The formation of a maintenance assessment district for the Amber Lynn subdivision on the south side of Eaton Road between Morseman Avenue and Burnap Avenue.
  • The formation of a maintenance assessment district for the Boeger subdivision at 2932 Morseman Avenue.
  • A joint public security agreement between the city and the state of Chico.
  • Authorization of a pylon sign for Skypark Plaza, adjacent to the property at the northeast corner of Notre-Dame Boulevard and the Skyway.

The next regular meeting will be on Tuesday, September 21 at 6 p.m. in the City Council Chamber at 421 Main Street.


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A rare business opportunity in Cuba http://www.cyclingfan.org/a-rare-business-opportunity-in-cuba/ http://www.cyclingfan.org/a-rare-business-opportunity-in-cuba/#respond Sat, 28 Aug 2021 02:11:05 +0000 http://www.cyclingfan.org/a-rare-business-opportunity-in-cuba/

The change could mean more business opportunities and hurdles ahead. Earlier this month, the government released regulations regarding a reform that would allow small and medium-sized enterprises to formally incorporate as businesses and access state funding, ending decades of classification as “independent”.

The move is considered by many analysts to be one of the most important reforms undertaken since all companies were nationalized by former leader Fidel Castro.

Cuban economist Omar Everleny called the reform very positive, long sought by many Cubans … but he says the change has not happened quickly enough.

“Since 2016, we have been talking about small and medium-sized enterprises, and today they are talking about ‘gradually’ in the country when what we need is speed, not ‘gradually’.”

It has limits – for example, people cannot own more than one business and cannot contract foreign partners or engage in direct foreign trade.

But for Nayvis Diaz, founder of Velo Cuba, a bicycle repair and rental company with 17 employees in Havana, this is a big change.

“This is a moment that we have been waiting for a long time, to truly have a non-state sector, in this case a private sector. To be part of an overall analysis of the economy of the country so that we can help from all sides. possible ways. ”

The measure is part of a package of market-focused reforms undertaken by Cuban President Miguel Diaz-Canel over the past year, as the health crisis and the tightening of US sanctions rocked the precarious economy and resulted in shortages of food, medicine and other basic goods.

The Fernandez brothers, owners of Deshidratados Habana, Cuba’s only dried fruit processing and sales company, were nonetheless enthusiastic.

Ricardo Fernandez says the reform may look good on paper, but wonders what it will look like in practice.

“Everything we see written looks wonderful, it gives us hope, but over time we would like to see how real this rule is in practice and how durable it is over time. its application is regular. ”

The Fernandez brothers say they have the pitch and the vendors lined up … now all they need … is the funding.


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Waymo Expands Autonomous Driving Service to San Francisco, Auto News, ET Auto http://www.cyclingfan.org/waymo-expands-autonomous-driving-service-to-san-francisco-auto-news-et-auto/ http://www.cyclingfan.org/waymo-expands-autonomous-driving-service-to-san-francisco-auto-news-et-auto/#respond Wed, 25 Aug 2021 10:38:00 +0000 http://www.cyclingfan.org/waymo-expands-autonomous-driving-service-to-san-francisco-auto-news-et-auto/
For now, the vehicles will have human emergency drivers on board. But at some point, the company plans to run the vehicles without them, as it does now in the Phoenix area.

New Delhi: Waymo, Google’s autonomous vehicle spin-off, is expanding its autonomous carpooling service to San Francisco.

Selected “trusted tester” customers in the city by the bay will be able to take a ride in autonomous Jaguar I-Pace electric vehicles, the company said.

For now, the vehicles will have human emergency drivers on board. But at some point, the company plans to run the vehicles without them, as it does now in the Phoenix area.

Waymo started the program last week with a few testers and is now expanding it, the company said. He wouldn’t say how many vehicles are involved or when he plans to remove human safeguards.

The approach is similar to what Waymo did in Phoenix when it launched a limited ridesharing service in 2017. The company says it has made thousands of fully autonomous rides on the Phoenix subway since October 2020.

People who wish to join the program can do so by downloading the Waymo One app.

Read also:

Although there is no driver behind the wheel, the passenger seat is occupied by a security operator who “has a red button that can stop the vehicle in case something happens,” James Peng told Reuters , CEO of Pony.ai.

As part of the new partnership, Ryder will take care of, among other things, maintenance and road service, the companies said.

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Bowflex C6 Bike Review: An Affordable Alternative? http://www.cyclingfan.org/bowflex-c6-bike-review-an-affordable-alternative/ http://www.cyclingfan.org/bowflex-c6-bike-review-an-affordable-alternative/#respond Mon, 23 Aug 2021 13:26:22 +0000 http://www.cyclingfan.org/bowflex-c6-bike-review-an-affordable-alternative/

Wind, hail, sleet and snow. If you are into cycling, chances are you don’t want to go out in these conditions.

Or, if you prefer the experience of a spin studio, you might not always want to drive to a class.

Either way, indoor cycling bikes offer a convenient, low-impact cardio workout from the comfort of your home.

The Bowflex C6, in particular, is an attractive option, as it’s designed to provide a more affordable alternative to luxury brands like Peloton and SoulCycle.

However, you may wonder if the Bowflex C6 is actually a bargain.

The article provides a full review of the Bowflex C6 on the bike to help you decide if it is right for you.

Bowflex is a respected name in the fitness community because the brand has been producing quality exercise equipment for over 35 years.

In addition to home exercise bikes, the brand offers treadmills, steppers, ellipticals, free weights, and home gyms to help people achieve their fitness goals.

Bowflex currently offers two indoor cycling bikes, including the VeloCore and the C6, with the C6 being the more affordable option.

Similar in design to the bikes you’ll find in an indoor spinning class, the Bowflex C6 features 4-way adjustable handlebars, adjustable saddle, double-sided pedals and 100 levels of magnetic resistance.

While the bike itself is easy to use, customers note that it can take over an hour to assemble. However, you can choose to pay for an in-home expert assembly, which costs an additional $ 129.

The Bowflex C6 is designed to accommodate users of different heights, thanks to its 4-way adjustable handlebars and padded seat, which can be adjusted vertically and horizontally.

The bike also supports riders up to 330 pounds (150 kg) and features double-sided pedals, with toe clips on one side and SPD clips on the other.

The C6 features a heavy 40 pound (18.1 kg) flywheel and central resistance button with 100 micro-adjustable levels. As a result, the bike is suitable for cyclists of all fitness levels.

Unlike the VeloCore and other high-end spin bikes, the C6 doesn’t include a built-in touchscreen.

Instead, it’s equipped with a media rack and a USB port, allowing you to stream live and on-demand classes from your favorite fitness apps using a smartphone or phone. ‘a tablet.

It also includes an LCD display, which tracks your speed, revolutions per minute (RPM), distance, calories, and resistance level.

To engage your upper body as you ride, the bike comes with a set of 3-pound (1.4 kg) dumbbells.

The Bowflex C6 bike measures 48.7 × 21.2 × 51.8 inches (123.7 × 53.9 × 131.6 cm). You will also need at least 15 inches (38.1 cm) of clearance above your head when riding.

Streaming capabilities

Unlike many other bikes, such as the SoulCycle At-Home or Peloton Bike +, using the Bowflex C6 does not require an app subscription. Plus, you’re not locked into just one fitness app option.

Instead, the C6 lets you stream classes from your favorite fitness apps, including Peloton, Sufferfest, Rouvy, FulGaz, Tacx, TrainerRoad, and Zwift, using your own device.

Just keep in mind that some apps include features that require integration with a training machine. While you may not be able to take advantage of these features, you will still be able to enjoy coach-led classes from the comfort of your own home.

In addition, the purchase of the C6 includes a free 6-month subscription to the Bowflex JRNY app.

The JRNY app offers on-demand lessons, coaching and real-time monitoring. It also allows you to stream music to keep you motivated as you ride.

The Bowflex C6 currently costs $ 999, which includes free shipping and a 6-month JRNY app subscription.

Bowflex also offers special financing options for qualified customers, reducing your payment to just $ 56 per month.

In addition, each purchase includes the following guarantees:

  • 10 years on the frame
  • 3 years on parts and electronics
  • 1 year on the job

For $ 109, you can also opt for an extended warranty, which covers parts, electronics, and labor for up to 5 years.

Finally, if you would like help setting up your bike, in-home assembly can be arranged for an additional $ 129.

Overall, customer reviews for the Bowflex C6 are very positive.

The bike is designed to be an affordable yet well-constructed exercise bike option, and most customers find it serves that purpose.

It also gets good reviews for its robustness, even during intense sprints.

Yet no product is perfect. Some users complain about the quality of the pedals, while others find the cadence bar graph difficult to read.

A few customers also note that there aren’t enough seat or handlebar adjustment options to perfectly match their height.

Still not sure if the Bowflex C6 is the right exercise bike for you?

Here’s how it compares to its two main competitors.

The Schwinn IC4 and Bowflex C6 are nearly identical with a few minor differences in their appearances, although the IC4 has a slightly higher maximum weight capacity.

As a result, deciding which one to buy really depends on style preferences, or whether one of them is on sale.

In contrast, the Peloton Bike is considerably more expensive. However, since it includes a built-in tablet, you can take full advantage of everything the Peloton app has to offer, including on-screen performance monitoring.

However, if a touchscreen is a high priority, we recommend checking out the MYX bike, which costs $ 1,299 and includes a 21.5-inch (54.6cm) display.

Bowflex also offers the VeloCore, which starts at $ 1,699 and offers a unique driving experience.

In addition to being used as a stationary bike, Lean Mode allows you to tilt the bike side to side for a serious core workout. The bike also includes an integrated touchscreen, available in two sizes.

The Bowflex C6 is a solidly built stationary bike with plenty of training options for beginners and advanced riders.

Plus, since it doesn’t require a monthly subscription service, the C6 is ideal if you’re looking to save money or want the flexibility to use multiple apps.

However, while you can use your own device to stream live and on-demand lessons, you cannot use features that require bike integration, such as automatic trainer control, which matches your resistance level to that of your trainer during the class.

Therefore, if you prefer a bike with high tech extras, you’ll want to consider a different product, such as the Bowflex VeloCore or the MYX.

The Bowflex C6 is a high quality indoor bike that offers an affordable alternative to more expensive models.

While it doesn’t include high-tech features like a built-in touchscreen, it still delivers a tough workout thanks to its heavy flywheel and 100 levels of magnetic resistance.

Plus, because you can use your own device to stream classes, the C6 lets you choose the fitness app that best suits your needs and budget.

Whether you choose the C6 or another stationary bike, be sure to consult a health care practitioner before starting a new exercise program.


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When is a 0% APR credit card better than a Buy Now, Pay Later loan? http://www.cyclingfan.org/when-is-a-0-apr-credit-card-better-than-a-buy-now-pay-later-loan/ http://www.cyclingfan.org/when-is-a-0-apr-credit-card-better-than-a-buy-now-pay-later-loan/#respond Sat, 21 Aug 2021 12:30:22 +0000 http://www.cyclingfan.org/when-is-a-0-apr-credit-card-better-than-a-buy-now-pay-later-loan/

Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.

Buying an expensive Peloton bike or spending hundreds of dollars on skin care at Sephora is easier than ever with the rise of ‘buy now, pay later’ services, also known as point loans. sale (POS). With POS loans, consumers can spread the cost of their purchases in installments over several months, sometimes with 0% interest rates.

Point-of-sale loans have been the most popular among young people: A survey by LendingTree in April found that nearly 60% of Gen Z respondents surveyed had used a point-of-sale loan. This age cohort was also less likely to view the use of POS loans as a form of debt.

With an average APR on credit cards of around 16%, it’s easy to see why people opt for POS loans on the checkout page of their favorite retailers. But today, many credit cards offer an introductory 0% APR period on purchases and balance transfers, which makes us wonder what really is the best payment method.

Select explores the pros and cons of using a 0% APR credit card or POS loan for your next purchase.

Use of a 0% APR credit card

Let’s first explain what an APR is: Known as the annual percentage rate, an APR is the interest rate you are charged if your credit card balance is not paid off on time and in all in each billing cycle.

The biggest advantage of signing up for a card with a 0% APR introductory period on purchases is that you are able to maintain a balance during the specified introductory period without incurring any interest.

Some cards also come with a 0% APR introductory period on balance transfers, which allows people to transfer their outstanding balance from one credit card to another so they don’t accumulate additional interest. . This interest-free period usually lasts between 12 and 20 months.

To qualify for a 0% APR rate credit card, you will typically need a good or excellent credit score, or a score of 670 or higher. It is possible to qualify for a 0% APR credit card with fair or average credit, but you might get a shorter introductory period.

Another major benefit of a 0% APR credit card is the possibility of earning rewards. With a POS loan, you will not have the opportunity to earn a welcome bonus or get cash back on your purchase. There are many 0% APR credit cards on the market, so you can easily find one that saves you on interest and earns you a welcome bonus and cash back for your daily spending.

The Capital One SavorOne Cash Rewards credit card is a card that has an introductory period of 0% APR on purchases of 15 months (afterwards, from 15.49% to 25.49% of variable APR). It offers cardholders 3% cash back on meals and entertainment, 3% on qualifying streaming services, and 3% at grocery stores, making it a good choice for cardholders who dine regularly and attend concerts or shows. The SavorOne also has a welcome bonus of $ 200 after spending $ 500 within the first three months of opening the account.

Capital One SavourOne Cash Rewards credit card

Capital One® SavorOne® Cash Rewards credit card information was independently collected by Select and was not reviewed or provided by the card issuer prior to posting.

  • Awards

    3% cash back on meals and entertainment, 3% on qualifying streaming services, 3% at grocery stores and 1% on all other purchases

  • Welcome bonus

    Earn a one-time $ 200 cash bonus after spending $ 500 on purchases within 3 months of opening the account

  • Annual subscription

  • Intro APR

    0% introductory APR for the first 15 months of opening your account

  • Regular APR

    15.49% to 25.49% variable

  • Balance transfer fee

    3% for APR promotional offers; none for balances transferred to the regular APR

  • Foreign transaction fees

  • Credit needed

Another card you might want to consider is Wells Fargo Active Cash.SM Card, which is a 2% fixed cash reward card with an introductory period of 15 months at 0% on purchases (afterwards, 14.99% to 24.99% variable APR). This card also offers a welcome bonus of $ 200 in cash rewards after spending $ 1,000 in the first three months after opening the account.

Wells Fargo Active Cash Card℠

  • Awards

    2% unlimited cash rewards on purchases

  • Welcome bonus

    $ 200 cash rewards bonus after spending $ 1000 on purchases in the first 3 months of account opening

  • Annual subscription

  • Intro APR

    0% APR on qualifying purchases and balance transfers during the first 15 months from account opening

  • Regular APR

    14.99% to 24.99% variable on purchases and balance transfers

  • Balance transfer fee

    3% launch fee ($ 5 minimum) for 120 days from account opening, then up to 5% ($ 5 minimum)

  • Foreign transaction fees

  • Credit needed

While eligibility for a 0% APR rate credit card requires a decent credit score, using one responsibly by making payments on time can also help build your credit score. This means making sure you have a payment plan in place so that you don’t have a balance once the introductory period is over. Be aware that you may need to make a minimum payment to your card each month or risk your introductory period ending earlier by the card issuer.

Getting a new credit card in general can also lower your credit utilization rate, or the ratio of credit used to the amount of credit you’ve extended, which can also increase your credit score.

Credit cards offer protections that POS loan providers do not. If you end up buying a faulty item or scam with a credit card, you can dispute the charges due to the Fair Credit Billing Act. On the other hand, point-of-sale loan providers are not regulated in the same way, so returning items or disputing charges can be more complicated.

Using a POS loan

A POS loan may be a good choice for you if you can’t qualify for a 0% APR credit card or if you’re not looking to extend your credit beyond a single purchase, says Matt Schulz, Chief Credit Analyst at LendingTree.

Affirm, Afterpay, and Klarna are some of the most popular BNPL loan providers. They offer financing options with 0% interest rates usually on shorter repayment periods, which makes them a good choice if you can’t get a 0% APR credit card. (Afterpay doesn’t consider itself a POS loan provider because it doesn’t charge interest, but the business is still often classified as such.)

One of the most important factors to consider when obtaining a POS loan is the interest rate and fees.

Affirm has loans with interest rates of up to 30% and does not charge any late fees. Klarna may charge up to 25% of the order value as late fees. Be sure to read the fine print of your specific point of sale loan before deciding if it is right for you.

One of the main advantages of using a POS loan is that some providers ignore your credit score at all or weigh your credit score heavily when determining your eligibility for a loan. Afterpay does not check your credit history while Affirm and Klarna perform soft credit checks (although Klarna may do a thorough investigation for some loans).

If, however, you are looking to improve your credit score, POS loans might not be your best option. Some point-of-sale loan providers report your payment history to the credit bureaus, while others do not.

Affirm only reports certain loans to Experian. On the flip side, Klarna doesn’t report any of her loans interest-free, and Afterpay never reports to the credit bureaus.

However, be aware that even if you are on time with your POS loan payments, they could still end up hurting your credit score if reported to the credit bureaus. Here’s why: Every time you get a POS loan, you open a new line of credit and close it every time you pay it off. This could end up lowering the average age of your credit history and therefore lowering your credit score.

At the end of the line

When deciding whether to get a 0% APR credit card or a POS loan, there are a number of factors to consider.

First, you need to determine if your credit score is good enough to qualify for a 0% APR rate credit card. Plus, do you need additional credit beyond a single purchase? Does your POS loan have an interest rate? How much do you value the welcome bonuses and rewards offered by credit cards?

These are all questions you need to ask yourself when deciding between the two and if you make the right choice you could end up financing your purchase without paying extra interest or late fees on that exercise bike or that bike. eye cream.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.


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Funding in Indian startups this week (August 16-August 21) http://www.cyclingfan.org/funding-in-indian-startups-this-week-august-16-august-21/ http://www.cyclingfan.org/funding-in-indian-startups-this-week-august-16-august-21/#respond Sat, 21 Aug 2021 12:19:43 +0000 http://www.cyclingfan.org/funding-in-indian-startups-this-week-august-16-august-21/

This week, 42 ​​Indian startups raised funds, of which 34 received a total of $ 1,031 million or $ 1.03 billion. PhonePe raised the highest funding of around $ 350 million, followed by Postman who raised $ 225 million.

Meanwhile, funding for eight of the total funded startups has not been disclosed.

Below is the summary of the transactions concluded this week

PhonePe: Digital payments major PhonePe has raised $ 350 million from Walmart, Tiger Global and Tencent.

Factor: Bengaluru and San Francisco-based API development firm Postman raised $ 225 million in its Series D funding round led by existing investor Insight Partners and joined by Coatue, Battery Ventures, BOND , CRV and Nexus Venture Partners.

Zetwerk: Zetwerk, a business-to-business marketplace for custom manufacturing, has raised $ 120 million in a new round led by D1 Capital Partners. This is the second fundraiser for the company in 2021, including a $ 120 million Series D in February.

Fast: The Rapido bike-taxi platform raised $ 52 million from Shell Ventures; Yamaha, the founder of CRED, Kunal Shah, with the participation of existing investors.

UpScalio: UpScalio, an e-commerce roll-up company, said it has raised $ 42.5 million in Series A funding, highlighting the new investor rush towards the Thrasio-style business model in India.

Small business: Wealth management firm Smallcase has raised $ 40 million in its Series C funding round led by Faering Capital with the participation of new investors, Amazon and Premji Invest.

Zupee: Skill-based gaming platform Zupee has raised $ 30 million in its Series B round led by Silicon Valley-based WestCap Group and Tomales Bay Capital. Existing funders Orios Venture Partners and Matrix Partners India also participated.

Bharat Pe: Fintech BharatPe has raised $ 27 million in a funding round from Northern Arc Capital.

AgNext: Agritech startup AgNext has raised just over $ 21 million in a new round led by Falcon Edge’s Alpha Wave Incubation. The Chandigarh-based startup had completed its pre-series A cycle in January 2019.

Ultrahuman: Ultrahuman, the portable healthcare technology blood glucose meter, has raised $ 17.5 million in Series B funding. This brings the total funds raised so far to $ 25 million.

Club: Income-based funding platform Klub raised $ 20 million in one of the biggest rounds raised by an Indian startup. The funding round saw the participation of existing investors 9Unicorns, Sequoia’s Surge as well as Alter Global and GMO VenturePartners.

Oyo: The hotel company Oyo has raised $ 5 million as part of a strategic deal with Microsoft.

Element5: Element5, based in California and Chennai, raised $ 15 million under the leadership of Insight Partners, with participation from Maxwell Investment Partners.

Smart Express: Logistics startup Smart Express has raised Rs 100 crore, or $ 13.4 million, from IIFR India Private Equity Fund and Smiti Holding.

1K Kirana Bazaar: Hyperlocal omnichannel grocery chain 1K Kirana Bazaar has raised $ 7 million in its Series A cycle led by Info Edge Ventures and Falcon Edge partners.

Hashnode: The Hashnode blogging community has raised $ 6.7 million in its Series A round led by Salesforce Ventures. Sierra Ventures, partner Surge and Accel of Sequoia Capital India and a handful of angels such as Naval Ravikant, Des Traynor, Guillermo Rauch and others also participated in the round.

Yellow class: The startup Edtech Yellow Class has raised $ 6 million from Elevation Capital, India Quotient, Titan Capital and First Check.

Rabies Coffee: Rage Coffee, an FMCG-branded startup, raised $ 5 million led by Sixth Sense Ventures.

Sleeping cat: D2C mattress brand SleepyCat has raised $ 3.8 million in a new round led by Saama Capital. Existing lenders DSG Consumer Partners and Sharrp Ventures have also joined the new cycle.

Yojak: A B2B wholesale building materials platform, Yojak raised $ 3.8 million in its pre-Series A round led by Info Edge Ventures.

RaRa delivery: Instant delivery startup RaRa Delivery raised $ 3.25 million in a round led by Sequoia Capital India’s Surge and East Ventures in Indonesia. 500 startups, Angel Central, GK Plug and Play and angels such as Royston Tay and Yang Bin Kwok also joined the round.

Hiring: Tech startup RH Hiration has raised Rs 21 crore or $ 2.8 million from Prime Venture Partners, Venture Highway and Y Combinator.

Expertons: Expertons, a career tech startup, raised $ 2.3 million from Venture Catalysts, Auxano Capital, Venture Garage, Yoga Capital and others.

Big spoon: BigSpoon, the Ahmedabad-based cloud kitchen startup, raised Rs 15 crore or $ 2 million in pre-series A round from NB VC (Dubai), CreedCap Asia, Zed Capital and investors providential, including Sanjiv Bajaj, Bhanu Chopra and Jatin Aneja.

goEgoNetwork: The start-up EV goEgoNetwork has raised $ 2 million from the president of the Bagla group, Rishi Bagla, and head of global innovation labs and fintech at ING Bank.

CreatorStack: CreatorStack, a marketplace network for digital creators, raised $ 2 million in its funding round led by Accel. The Runway Fund from On-Deck, PointOne Capital, Wekan and Kumar Akash, SVP Growth, Hotstar and others also participated.

RACEenergy: Electric vehicle infrastructure start-up RACEnergy has raised $ 1.3 million in its seed cycle + led by Micelio Fund and growX ventures. Huddle, Prophetic Ventures, BITSian Angels and others also participated in the tour.

Navia Life Care: Healthtech start-up Navia Life Care has raised $ 1 million from Anicut Angel Fund, 9Unicorns and other angel investors.

Probus Smart Objects: A smart grid-focused IoT communications and data analytics company, Probus Smart Things has raised $ 0.5 million in its funding round led by Unicorn India Ventures.

Xpresslane: Tech startup Xpresslane has raised $ 0.4 million from Point One Capital, Yatra Angel Network (YAN), Opus Consulting and Manipal Technologies.

YPay: Noida-based fintech startup YPay has raised $ 0.4 million in its funding round led by early stage investment firm We Founder Circle. Renowned investors including Amit Tyagi, Gaurav Juneja, Ravi Gupta and Pragatii Bhargava also attended.

Gyde: Tech startup Gyde raised $ 0.25 million from Better Capital and Ashish Achrekar, CEO of Rica Analytics Inc.

DrinkPrime: Water purification startup DrinkPrime has raised $ 1.7 million in a debt financing round by UC Inclusive Credit and Western Capital.

Kuber loan: Digital mortgage platform LoanKuber has raised $ 1.25 million in its ongoing pre-Series A round from LetsVenture, AngelList India and Accolade.

Offers not disclosed this week

Snack Amor, Blowing horn, Kalam Laboratories, Parafit, Snack Amor, CricHeroes, Zini.ai and Battery Pool did not disclose their financial details.

* Every week, we follow the startups that have raised new investments. Stay tuned for next week’s recap.


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In case you blinked last week, here are all the new and wonderful things they’re building in Milwaukee (August 1-7) http://www.cyclingfan.org/in-case-you-blinked-last-week-here-are-all-the-new-and-wonderful-things-theyre-building-in-milwaukee-august-1-7/ http://www.cyclingfan.org/in-case-you-blinked-last-week-here-are-all-the-new-and-wonderful-things-theyre-building-in-milwaukee-august-1-7/#respond Mon, 09 Aug 2021 13:54:55 +0000 http://www.cyclingfan.org/in-case-you-blinked-last-week-here-are-all-the-new-and-wonderful-things-theyre-building-in-milwaukee-august-1-7/

Depending on the news sources you follow, Milwaukee is going through a “renaissance” or a “reinvention.” Or maybe ‘a “reboot” or a “reimagining”, like that shitty version of Tim Burton Planet of the Apes. Whichever way you want to define it, it’s safe to say that Milwaukee is currently building many new and wonderful things.

• Funding has been secured for a project that will convert the former Milwaukee Journal Sentinel complex at 333 W. State St. to — Guess! Go ahead and guess! You’ll never guess!-apartments. Yes, much of the block-sized Journal complex will be converted to 141 market-priced apartments. They are expected to be ready by fall 2022. Another portion will be converted into affordable student housing for the nearby Milwaukee Area Technical College. These will be ready by fall. Oh, and a the third piece will be used by Tenor Charter High School. Journal Sentinel moved from its historic 95-year-old home in 2020; his new home is a leased space in one of the towers at 330 Kilbourn Ave. [OnMilwaukee]

• Plans have been made to initiate a project that will convert the old M&I Bank building at 770 N. Water St. into — Guess! Go ahead and guess! You’ll never guess!-apartments. Yes, the currently vacant 21-story office tower could be converted into 231 apartments. Twenty percent of the units would be set aside as “affordable”. The hall at street level would be reserved for retail. Oh, and the developers are trying to get the Modernist building on the National Register of Historic Places, making the conversation project eligible for historic preservation tax credits. Marshall & Ilsley Bank took up residence in the building from 1968 to 2011, after which the company was acquired by BMO Harris Bank. BMO moved next door, to the new BMO tower, for example, in 2020. [Milwaukee Journal Sentinel]

• Meanwhile, in Bay View, the Becher Street section of I-94 to S. Kinnickinnic Avenue is subject to a “highway regime”, that is, it passes from two lanes in each direction to one. Oh, and the section between S. 4th Street and S. 1st Street also has elevated bike lanes. Work on the projects is already underway and is expected to be completed in November. [Urban Milwaukee]

• Work is scheduled to begin on a $ 1.85 million streetscape project for downtown Cathedral Square Park. Urban Milwaukee said:

The project will replace tangled grass, gravel and a deteriorating sidewalk with large, smooth cobblestones. The intention is to create a larger, more durable surface to accommodate the variety of events and high pedestrian traffic that the park welcomes.

Unhealthy perimeter trees will be replaced and additional trees will be added, with protective wells added around each base. Benches, bike racks and garbage cans will also be added.

In happier times, the cathedral square park hosts a number of events such as Jazz in the Park and Bastille Days. The street development project should be completed by the end of the year. [Urban Milwaukee]

• A 15-story, 220-unit apartment building known as The Edison is planned at 1005 N. Edison St. along the Milwaukee River. The accompanying RiverWalk will be reworked to accommodate the project, which will also include “four spaces for restaurants and retailers on the ground floor”. [Milwaukee Business Journal]

• Chicago-area investors purchased the one-story US Postal Service building at 606 E. Juneau Ave. Investors will likely do … something with the building after the “later in the decade” postal service lease expires. “We keep our options open going forward,” company director Dan Rose told the [Milwaukee Journal Sentinel].

• And what have we learned this the week? Well, they’re still building something. Isn’t it, old song from my old band?

Exclusive articles, podcasts and more. Support Milwaukee Record on Patreon.


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• Complete archive “New And Wonderful Things” (formerly called “New Sh * t”)


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Stephanie Zhan from Sequoia and Nick Fajt from Rec Room join us on Extra Crunch Live http://www.cyclingfan.org/stephanie-zhan-from-sequoia-and-nick-fajt-from-rec-room-join-us-on-extra-crunch-live/ http://www.cyclingfan.org/stephanie-zhan-from-sequoia-and-nick-fajt-from-rec-room-join-us-on-extra-crunch-live/#respond Fri, 06 Aug 2021 18:05:01 +0000 http://www.cyclingfan.org/stephanie-zhan-from-sequoia-and-nick-fajt-from-rec-room-join-us-on-extra-crunch-live/

Sequoia is one of the most prestigious and successful venture capital firms to ever exist. The company’s portfolio includes Airbnb, 23andMe, Docker, Dropbox, Figma, and GitHub – and that barely covers the first half of the alphabet. (Sequoia’s website lists portfolio companies in alphabetical order.)

So it goes without saying that we are absolutely delighted that Sequoia partner Stephanie Zhan and Rec Room founder Nick Fajt are joining us on Extra Crunch Live in the coming weeks.

Rec Room is a Seattle-based startup that lets users not only play games, but also create them together with their friends. The gaming world has seen a huge boom in the wake of the pandemic, and Rec Room is thinking in the future about what the game looks like not just as a user, but as a creator.

The company raised nearly $ 150 million, and Sequoia led Rec Room’s Seed and Series A funding rounds.

Stephanie Zhan was part of Sequoia’s startup and seed investment team, with a portfolio that includes Sunday (outdoor home subscription service), Linear (issue tracking tool for modern developers). ) and Middesk (background checks for businesses). She has also helped lead investments in Graphcore (microprocessors for artificial intelligence), Evervault (development tools for data privacy) and Doppler (secret management for developers).

Prior to joining Sequoia, Zhan held product positions at Google and Nest.

This founder / investor duo will tell us how they met, what made them choose each other and how they worked together and overcome obstacles to move forward. SIGN UP HERE FOR FREE!

Extra Crunch Live also features ECL Pitch-off, where audience founders will have the opportunity to virtually raise their hands and pitch on our stage to our guests, who will give their live commentary.

Anyone can attend Extra Crunch Live, but access to on-demand content is only available to Extra Crunch members. And damn it, the Extra Crunch library is a hell of a resource. If you are not yet a member, what are you waiting for? Register here.

This episode of Extra Crunch Live, which takes place on August 18 at 3 p.m. ET / noon PT, is not to be missed. We’ll see each other there!


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