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How to Get Out of Gambling Debt

How to Get Out of Gambling Debt

Gambling can be a relaxing and entertaining way to unwind after a long day. It can, however, become an issue for some people. According to the National Council on Problem Gambling, about two million people in the United States fulfill the criteria for pathological gambling. At the same time, another four to six million are considered problem gamblers.

Even if you’re not addicted to gambling, the truth is that gaming debts can swiftly mount – and endanger your financial well-being. If you’re drowning in debt, here are several options for getting out and getting gambling debt relief.

Ways to get out of gambling debt

The majority of the time, figuring out how to pay off gambling debt is similar to dealing with other ConsolidationNow types of debt.

Determine how much you owe.

After that, sum up how much you owe. It’s critical to know where you stand with this plan, just as with any other debt repayment strategy. List all of your debts, including total amounts owed, monthly payments, and interest rates. You may realize that you have a mix of personal loans, credit card debts, or other sorts of borrowing from loan sharks or bookies due to gambling in many circumstances.

Looking at a list of debts can be intimidating, but the reality is that you need to know what you’re up against before moving forward.

Do not add to your debt.

It’s critical to avoid accruing gaming debts as soon as possible – and seeking aid can assist you in doing so. Consult with friends and family for support during the process, or hire a professional to assist you in overcoming harmful behaviors. Both can assist in holding you accountable and encouraging you to quit accruing debt.

Consider substituting another hobby for gambling. Outdoor activities, movies, and learning a new hobby are all options for entertaining yourself and your loved ones. Fill your life with additional activities, especially ones you can do with family members, to help you cope while you seek expert assistance.

Admit to yourself that you have a problem.

Recognize that you may have an issue as the first step in moving forward. “Like alcohol, cigarettes, or other drugs of abuse, gambling can become an addiction,” according to the American Psychiatric Association (APA). Gambling conduct that causes injury, distress, or negative life consequences may indicate a gambling condition.”

According to the APA, if you feel compelled to lie to family, friends, or coworkers about how much you gamble, or if you feel made to keep wagering more money to come out ahead eventually, you may have a problem. Visit the National Council on Problem Gambling or look for a meeting of the support group Gamblers Anonymous to learn more about receiving treatment for a gambling problem.

If you cannot repay, look into debt relief options.

For other people, the debt may be too much to bear without a more comprehensive gambling debt relief strategy. Here are several debt relief options that may be able to assist you in getting out of your gambling debt and moving forward with your finances and life:

Bankruptcy

For the vast majority of people, bankruptcy is a last resort. However, if your gambling debt is so large that no other option appears viable, it may be worthwhile to file for chapter 7 or chapter 13 bankruptcy. Be warned, however, that in the case of gambling, your creditors may object to the action. Some attorneys advise waiting until your most recent gaming debt is at least 90 days old before filing.

Furthermore, your debt may not be discharged if the creditor can show that you had no intention of repaying the amount when you took it on. And, of course, bankruptcy has a long-term negative influence on your credit.

Work out a payment plan with your creditors: 

You can also approach your creditors and ask for their assistance in coming up with a payment plan. With a payment plan, you may be able to manage your monthly cash flow better, and in some situations, you may be able to get a reduced interest rate and pay off your debt faster.

Debt management

The National Foundation for Credit Counseling (NFCC) will assist you in identifying a debt management counselor in your area. A professional NFCC firm can assist you in developing a debt management plan and a payment schedule that matches your budget.

Debt settlement

Debt settlement allows you to pay a lower amount than the entire amount you owe on your debt. 

In some circumstances, this will necessitate a one-time payment. Some firms can assist you with debt settlement, but you must be cautious of scammers. Furthermore, debt settlement can harm your credit score. Before you proceed, carefully consider debt settlement firms.

Debt consolidation

If you have strong credit, you may be able to obtain an unsecured debt consolidation loan to assist you in repaying your gambling debt. This type of loan would allow you to consolidate all of your debts into one convenient payment, with a (hopefully) cheaper interest rate.

Gambling debt relief is handled similarly to any other unsecured debt, so it’s crucial to consider your alternatives and choose which scenario is most likely to work in your situation.

Think about how you’re going to receive the money.

It’s time to establish a plan to get out of debt now that you know where you stand. Raising funds for gambling debt relief may assist you in moving forward. Consider the following ideas for earning extra cash to help you pay off your debt:

Home equity line of credit: 

Most certainly, your home is your most precious asset. You may generally acquire a decent interest rate with a home equity loan. You do, however, run the risk of losing your home if you don’t make your payments.

Loans from a 401(k) plan: 

This may not be the best alternative because it pulls some of your money out of the market. 

If you have the financial means, you may be able to borrow money to pay off your gambling obligations. You reinvest the interest you pay in your 401(k) (k). However, keep in mind that you may face penalties and taxes if you don’t repay the loan on time.

Sell unused items

Think about selling some of the products you don’t use anymore. Local classifieds, Craigslist, and eBay are all viable options for selling. You can use this money to pay off your debts.

Look for a second job

You might need more money than you can get by cutting back on your spending and selling your belongings. A second job can help you make extra money to pay off your bills, and once you’re debt-free, you can stop working.

Reduce your monthly spending: 

Examine your earnings and outgoings. Do you have any places where you could save money on services or products? You can put some of that money toward paying off your gambling debt if you cut out the wasteful spending. 

Make use of the sharing economy: 

If acquiring a second job isn’t an option, the sharing economy may be able to help. You can use Airbnb to rent out a room in your house or drive Uber or Lyft on your own time. You have a little more flexibility in earning more money in the sharing economy.

Consider what steps will be most beneficial in reducing your debt and assisting you in getting back on your feet. You might be able to get out of your gambling debt faster if you use a combination of tactics.

Conclusion

Finally, your gambling debt is likely to be regarded similarly to any other debt. The first step toward recovery is recognizing that you may be a compulsive gambler and seeking help to stop gambling. After that, you can consider your possibilities for obtaining gambling debt relief.

As credit card debt skyrockets, Wake Forest man shows how he paid off $25,000 debt

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WAKE FOREST, NC (WTVD) — Inflation continues to affect consumers with regard to credit card debt. A new WalletHub study shows that debt has increased by $67 billion in recent months.

North Carolina ranks ninth for the highest increase in credit card debt in the country. Despite the increase in credit card debt, some consumers can pay off their debt.

“I’ve got all this credit card debt, I’m drowning,” is how Peter Fabrizi said he felt about his credit card debt of over $25,000. “Just irresponsible spending, you know? You have 10 different credit cards and an Amazon card that we can buy whatever you want.”

Fabrizi said home renovations, along with other bad spending habits, caused him to get into credit card debt. Despite paying the minimum monthly payment, the interest rates on each card put him further into debt.

“Some of them were like 20% and above. All of them were like above 15%.”

WATCH: 42% of people still pay for subscriptions they don’t use. Are you?

Fabrizi isn’t alone as WalletHub’s study shows credit card debt continues to climb, with the average debt per household nearing $9,000. Fabrizi had had enough and started looking for debt relief options. He ended up crossing International financial management.

After sharing her debit information with the nonprofit, a plan was devised to start working on paying off her debt. For him, it helped.

“Dramatically lowered the interest rate, consolidated everything for me, froze all the accounts and then (I) would just make a monthly payment to Money Management International and then they would distribute the money to the businesses.” Slowly, Fabrizi saw his credit card debt reduced. “It took time. It certainly wasn’t overnight, but it was a big help.”

WATCH: Student loan forgiveness scams rise in light of Biden’s plan to cancel up to $20,000 per person

But not all credit card debt relief companies are created equal. Often scammers pretend they are a legitimate debt relief service in order to squeeze more money out of you.

When it comes to looking for credit repair and debt relief services, here are the red flags to watch out for according to the Better Business Bureau.

  • Don’t pay high fees up front, instead get a written contract detailing your rights and the services rendered, as well as the total cost to you.
  • Don’t go ahead with a business if you’re told to stop paying your debts and contact your creditors.
  • Beware of too-good-to-be-true offers, where a big claim is made, without teaching you about budgeting and money management.

As for Fabrizi, his advice is: “Don’t be afraid to find help. It took a lot of financial discipline, but he paid off his credit card debt of over $25,000 and also boosted his credit rating.

“It’s unbelievable, it’s literally like such a big weight has been lifted off my shoulders,” he added. Along with paying off all that debt, he says he also learned not to go into debt like that anymore.

If you are looking for debt relief, all contracts should offer you a three-day cancellation right. Also, make sure you get all warranties in writing, do your research, and be very careful before paying any money.

Copyright © 2022 WTVD-TV. All rights reserved.

Federal judge confirms Wire Act does not apply to online poker

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A federal judge has ruled that the law used to wipe out the unregulated online poker industry in the United States in 2011 does not apply to online poker.

A judge ruled that the Wire Act did not apply to online poker. (Image: State.gov)

The ruling is expected to be the final word on how the Wire Act may be interpreted by the Justice Department in current and future administrations as it relates to the online poker and casino industry.

“The fight is almost over. All courts that have reviewed the Wire Act agree that it only covers sports betting,” I. Nelson Rose, a gambling attorney and professor of gambling law, told CardsChat.

Online gaming company IGT filed a lawsuit in the US District Court for the District of Rhode Island last year to force the court to rule on whether or not the federal government can use the Wire Act to sue the company.

The Wire Act was passed in 1961 to combat the vast network of organized crime bookmakers who used phones to bet on games.

IGT said clarification was needed to protect the company from future lawsuits, and District Court Judge William Smith agreed in the Sept. 15 ruling.

What the decision means for online poker in the United States

Although the ruling only applies to IGT, it will be the final word on the scope of the Wire Act, which only applies to sports betting.

This means that the last gray area regarding the legality of connecting online player pools across state lines is gone.

This was already assumed by the governments of the four states that are part of the Multi-State Internet Gaming Agreement (MSIGA), but may now be considered the rule of law by officials in other states that allow online poker, but may have been cautious about this.

It also gives online sites the assurance that they will not be prosecuted by future conservative governments unless the laws are changed by Congress.

Rose thinks it’s long. “Even if Republicans win the Presidency, House and Senate in 2024, they are unlikely to want to expand the Wire Act to cover other forms of online gambling,” he said.

So far, only WSOP.com has taken advantage of MSIGA by bringing together its players from Nevada, New Jersey and Delaware. Michigan recently joined MSIGA and WSOP.com will soon add its players to the group.

Only time will tell if other online poker companies will follow WSOP.com’s lead, although the odds are now better that they will. The same goes for states that allow online poker, but have not considered expanding their player pools beyond their borders.

Pennsylvania currently allows players from its state to play against each other online, but they cannot compete against others located in other jurisdictions.

It’s the decision of Pennsylvania Governor Tom Wolfe, who will soon be leaving office, whether to ask to join MSIGA or keep the state’s online poker players isolated from the rest of the country. His office told CardsChat they are looking into the matter, but have no further comment.

Connecticut and West Virginia have both legalized online poker, but companies have been reluctant to offer games in those states because their small populations limit the number of players who can play at the sites. Online poker players in these states must rely on their voting representatives to join MSIGA so that they have hope that online poker sites will open there. West Virginia is exploring the option.

How we got here

Prior to 2011, US residents in most states had access to a thriving global online poker market of unregulated rooms that included some of today’s industry leaders, like partypoker and PokerStars. That was until the Unlawful Internet Gambling Enforcement Act (UIGEA) was added late night to the must-have Safe Port Act in 2006.

The UIGEA claimed the Wire Act could be used to shut down all forms of online gambling because sites were taking bets across state lines.

Fast forward to April 15, 2011. Known as “Black Friday”, federal authorities targeted online poker sites and shut down the entire online poker industry in America using the Wire Act. In December of the same year, President Obama’s Department of Justice clarified that the Wire Act applied only to sports betting.

Seven years later, in 2018, President Trump’s DOJ changed that clarification, interpreting that the Wire Act does indeed apply to all forms of online gambling, including poker. This prompted the New Hampshire Lottery Commission to challenge that claim in federal court in 2019. The court sided with the NHLC, both in its initial hearing in 2011 and in an appeal in 2021.

IGT filed its case in late 2021, and after refusing a DOJ request to dismiss the case, the judge agreed that the Wire Act only applies to sports betting.

Rose thinks Congress will now solidify the rules in favor of online poker and casino games.

“If anything, I expect Congress to amend the Wire Act to expressly allow states to decide for themselves what forms of Internet gambling are legal and to aggregate players and take wagers of other states and even nations as long as all governments involved agree,” he told CardsChat. “After all, why should Utah have a problem with Nevada and Delaware pooling online poker players?”

Written by

Bob Pajich

Bob Pajich is a poker journalist, creative writer, and poker player who has never encountered any suited connectors he doesn’t like. If you liked what he writes, follow him on Twitter: @PondHockey2.

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MONEY CLINIC | I can’t pay off my credit card debt. Should I take out a consolidation loan?

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The more you are able to repay your outstanding debt, the sooner you will become debt free.


A News24 Business reader struggling to pay off credit card debt wants to know if a consolidation loan would be his best bet. He writes:

I’m 63, still working full time and need credit card debt advice. I have three credit cards – all max as long as I pay the deposit and need to use available credit throughout the month. I would like to know if it is better to get a consolidation loan and settle these accounts in terms of interest or will I be worse off? My credit score is 671 and none of my accounts are overdue. The balance of the three credit cards, including a store card, is R65,000. The monthly interest including charges is R985 and the monthly payments I make are R4,000.I managed to pay off all the personal loans, store cards, etc., but I can’t settle my credit card debt, and it doesn’t help that the banks are ignoring my request to lower my limit. zero credit.Please inform me that my monthly income is less than my debts, I have taken a side job to make ends meet, but it is still not enough.

Neil Roets, Founder and CEO of Debt Rescue, respond :

There are several ways to approach a debt settlement situation. Although consolidation loans are an option, it is very important to consider two main factors – the repayment term and the interest rate, as it could end up costing a lot more. The very first step is to establish a budget, dividing your information into three columns: all income; all expenses (excluding debts and including items such as rent, food, transport, insurance); and finally the debt (minimum monthly payments).

This is the clearest way to see where changes can be made to spending, but also to ensure that there is no need to continue using credit cards in the future, while trying to repay them. And also, to identify the extra amount available to start repaying the accounts one by one.

Once done, the best way to handle this situation is to start with one account and focus on settling it as quickly as possible. This would involve paying the required minimum on the other two and putting additional funds into the identified account, which should either be the one with the highest interest rate or the highest outstanding balance. Once this account is then released, close the account, then take all the amounts that have been paid into the identified account, and apply it to the next one, and do the same once settled.

Questions may be edited for brevity and clarity.

Top 10 Microgaming Slots (2022 Update)

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In the field of creating online gaming software, Microgaming is a pioneer and a legend. With roots dating back to 1994, the company developed the world’s first online casino at a time when most of us didn’t even have an internet connection.

Originally based in South Africa, the company is now based in the Isle of Man, where it continues to create some of the most popular games online.

We’ve selected the ten best Microgaming slot games to try, including lesser-known games as well as the all-time classics we all know and love:

1. Mega Moolah

Mega Moolah is one of the most popular slot games and has been for almost twenty years now. At first glance, this simple safari-themed game might seem a little dated, especially compared to some of the feature-rich video slots coming out these days.

However, what keeps slot players coming back to spin those reels is that mega jackpot. Mega Moolah is a Guinnes World Record holder for the highest online slots jackpot payout, with the latest record payout a stunning one. €19,430,723.60 won on the ‘Absolootly Mad’ version of the game, adding to the €1.3 billion that Microgaming’s progressive jackpot network has paid out to date.

Release year 2006
RTP 88.12%
Bonus features Yes
Volatility Medium
Jackpot Yes

2. Immortal Romance

Another Golden Oldie, Immortal Romance is the vampire-themed online slot that just refuses to die. Although not as old as Mega Moolah, this slot has been around since 2011 and continues to gain new fans to this day.

The game’s appeal lies in its storytelling, characters, and the layered bonus rounds that offer variations to the game. There are four different free spins features – one for each of the supernatural characters – and 243 paylines for many earning opportunities. It is also the game with the highest RTP of any slot on our list, which alone makes it one to watch.

Release year 2011
RTP 96.86%
Bonus features Yes
Volatility High
Jackpot Nope

3. Book of Atem WowPot Slot

Inspired by the success of the Mega Moolah line of progressive jackpot slot games, Microgaming launched the WowPot jackpot in 2020. The biggest jackpot starts at €2 million and can grow indefinitely, making this a very popular series of games. Each slot was given to independent game studios to create, and All41 Studios’ Book of Atem slot has proven to be one of the most popular.

Novomatic’s ‘Book of Ra’ was the original ‘Book’ themed slot, inspiring a host of imitators, including this top version from Microgaming. Naturally, the book symbol is the one to watch out for here as it is both wild and scattered. Three of the books appearing on the reels unlock 10 free spins with expanding symbols, and this book is also potentially the key to unlocking the progressive jackpot bonus, which every player hopes to win by playing this game.

Release year 2020
RTP 93.5%
Bonus features Yes
Volatility High
Jackpot Yes

4. The soccer star

Football is the global game, and although many have tried to bring football to the slots format, few games are as successful as Microgaming’s Football Star. There are no famous names associated with this 5 reel slot, but that doesn’t take away from the action.

This 243 ways to win game includes a striking wild feature, rolling reels and a free spins bonus round. The latter is triggered by revealing 3 to 5 scatters on the reels and offers between 15 and 25 free spins. The Multiplier Trail during the bonus round gives ever increasing multipliers ranging from x2 to x10 when consecutive wins are recorded.

Release year 2014
RTP 96.29%
Bonus Features Yes
Volatility Medium
Jackpot Nope

5. 9 fire masks

Developed for Microgaming by Gamesburger studio, 9 Masks of Fire uses an African tribal theme to great effect in this 5 reel spinner. As the name suggests, the tribal masks are the main attraction here, and when they appear on the reels they automatically produce wins of between 1 and 2,000 times your stake. The more masks that appear on the board, the greater your winnings.

The other feature to pay special attention to here is the Tribal Shield, as this is the scatter symbol and three of them unlock the bonus round. Once unlocked, your bonus round begins with a spin wheel that reveals how many free spins and multipliers you will receive. The maximum offered is 30 spins with a x3 multiplier, which can really increase your winnings.

Release year 2019
RTP 96.24%
Bonus Features Yes
Volatility Medium
Jackpot Nope

6. Thunderstruck II

We’re back in classic slots territory here, with this Norse god-themed game developed in conjunction with Games Global proving to be a smash hit as soon as it hit online casinos. This five reel game is a notable upgrade to the original Thunderstruck slot, with better graphics, more bonus features and a higher return to player on offer afterwards.

During regular play, the Wildstorm feature can randomly appear to liven up the action, with the potential of up to five stacked wild reels providing a major opportunity to win. Best of all is the Hall of Spins bonus game, unlocked when three or more hammer scatters are revealed. There are four gods in this bonus round, each with their own special characteristics, although you can only access three of them as you earn more bonus rounds. Persistence will eventually allow players to unlock the bonus game of Thor, with a generous 25 free spins and a rolling reels feature.

Release year 2010
RTP 96.65%
Bonus features Yes
Volatility High
Jackpot Nope

7. 9 pots of gold

This leprechaun-themed slot was developed by Microgaming in conjunction with Gameburger Studios and was a hit from day one. The concept is simple but effective: reveal more pots of gold on the reels to win bigger and bigger prizes, up to 2,000 times your stake when there are nine pots on screen at the same time.

Another valuable symbol to discover on the 5 reels is the Free Spin scatter, as three of them will unlock a bonus spin. Spin a wheel of fortune to find out if you have won between 10 and 30 free spins with a multiplier of x2 or x3. You can even retrigger the prize during the free spins round, doubling your chances of winning a Lucky Irishman.

Release year 2020
RTP 96.24%
Bonus Features Yes
Volatility Medium
Jackpot Nope

8. Jurassic Park

Slot game versions of blockbuster movies can sometimes fall flat, but Jurassic Park slot has proven to be a smash hit. In a realistic jungle setting, the symbols represent your favorite stars – human and dinosaur – from the record breaking film. And if that wasn’t enough to encourage you to start spinning those reels, this game also offers the best return to player of any on our top ten list.

The base game is entertaining enough and is complemented by the randomly triggered T-Rex Alert Mode feature when up to 35 wild symbols can be added to your game over six spins. The pace really picks up once the bonus rounds are unlocked, and five different games are on offer here, each represented by a different dino with their own unique bonus features and settings.

Release year 2014
RTP 96.67%
Bonus Features Yes
Volatility Medium
Jackpot Nope

9. Break the bank again

Sometimes sequels are even better than the original, and that’s the case with Break Da Bank Again, a follow-up to Microgaming’s previous offering. Games Global designed both games for the Microgaming platform and this banking work certainly delivers. Played on 5 reels and with only nine ways to win, the base game is nothing special but the action really begins once the bonus round is triggered.

Uncovering between 3 and 5 chest scatter symbols unlocks 15-25 free spins, with more spins added if additional chest symbols are revealed during the bonus round. All wins are multiplied by 5, and the multiplier is increased to 25 times your wins if a wild symbol appears in your winning lines. Although there is no jackpot to aim for, this boosted multiplier can pay out an extremely generous 375,000 coins if the symbols land your way.

Release year 2008
RTP 95.43%
Bonus Features Yes
Volatility High
Jackpot Nope

10. Game of Thrones

The record-breaking TV show may have ended with a whimper rather than a bang, but the Game of Thrones slot version kept its fans for the ride. There are two versions of the game available to play, one with 15 paylines and the other with 243 ways to win, and it is the latter that offers the best return to the player.

Rather than featuring characters from the hit series, Game of Throne slots feature symbols representing the various warring families, along with this famous throne as the game’s scatter symbol. When 3-5 scatters are revealed, players can choose between 4 free spins features, deciding whether to choose fewer spins with larger multipliers or more free spins with lower multipliers on offer.

Release year 2014
RTP 94.6-95%
Bonus Features Yes
Volatility Medium-high
Jackpot Nope

The good news is that you can play the best Microgaming slot machine games – and more – online at Casino.com now.

Why are there so many online bingo fans in the Philippines?

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Instant games, especially online bingo games, have their loyal fans among the residents of the Philippines. This should come as no surprise considering that many prefer online lottery games over other games due to their simplicity. Unlike other games, such as blackjack or roulette, playing these games does not require any special skills or knowledge.

Basically, everyone, including beginners or players who have never played online bingo in the Philippines, can win awesome prizes if luck is on their side. Top sites also enhance the overall online gambling experience by offering special bonuses and promotions, including free bingo tickets, bingo tournaments, and even no deposit online bingo bonuses.

In the following sections, we look at some of the most important factors that have contributed to the huge popularity of real money online bingo in the Philippines with the help of online-casinos.com.

Online Bingo – Popular Gambling Game

One of the first games of this type was introduced in 1996. It was called Bingo Zone and was available for players all over the world. As for the first networked online games, they appeared in 1997. Essentially, these types of games allowed multiple players to play the same game simultaneously. Needless to say, this took gaming to a whole new level.

Over the next few years, more online venues appeared on the scene. Some of them were available in instant play modes, while others were available on downloadable platforms. When it comes to online e-bingo in the Philippines, fans have quite a few great games of this type to explore.

Most gaming sites that offer keno, lottery, and scratch card games also offer bingo. There is also a PAGCOR online website which broadcasts live matches every day. The registration process on the PAGCOR website is simple. All you have to do is complete the registration form, fund your newly created account and get one or more number cards.

The best online casinos also allow you to create an account in minutes, and before you know it, you can be playing online games from different software developers. This brings us to the main topic, and that is why there are so many online e-bingo fans in the Philippines.

Why is online bingo so popular among Filipino players?

According to this report published by the Philippine Authority of Statistics on Online Bingo PAGCOR and other online games, more than 33% of the recreation, entertainment and arts facilities in the country work in the gambling industry. According to the same report, more than 39,000 people were working in the gaming industry at the time of the report’s production. But why is online bingo so popular?

Accessibility and ease

The game is played in bingo halls, and land-based venues are generally associated with the older population. However, when it comes to the online version and its popularity in the Philippines, these games are also popular among younger and older generations due to greater accessibility. Essentially anyone can play the game online regardless of their location as long as they have an internet connected device. This gives Filipinos a chance to win instant cash prizes from the comfort of their home.

There are no space restrictions when it comes to playing e-bingo online in the Philippines. Popular sites are home to many different games of this type, as well as bingo halls for players who prefer to play with others. The number of online games has also exploded over the past few years, so Filipino players have many different options to enjoy gambling for real money.

Convenience and simplicity

Simplicity and convenience are two crucial factors that have contributed to the growing popularity of real money online lottery in the Philippines, alongside greater accessibility which we have already discussed in the previous section. There is a very high degree of convenience and simplicity that makes the game so popular among Filipino players, especially among those unfamiliar with other online casino games, games that require specific skills and knowledge. to be profitable.

The game is extremely straightforward and simple, and does not require any special knowledge or skill to be profitable. Games of this type produce results generated by RNGs, and as long as the RNGs that power these games are audited, the results remain entirely random and unbiased.

There is no need to explore different winning strategies or learn different rules. Filipino fans can just kick back, relax and enjoy the game without any pressure. Purchasing bingo numbers is also usually done in a few simple steps.

social element

Playing in physical rooms has a vital element of socialization. There is also a huge fan base in the Philippines. Online casino developers who create online casino games wanted to ensure that bingo players had the same social element when playing the game on online gambling sites.

This is why the best online sites have special rooms online for people to play together, chat and just socialize with each other. This social element has made the game extremely popular in the country, along with many online social games that you can play with your friends and family.

Free games and bonuses

The availability of free games is also driving the popularity of online bingo. Like most iGaming sites, gaming sites that focus on bingo players are looking for better ways to build customer engagement and trust.

One of the best ways to do this is to offer free play/demo modes on their games. Apart from free games, the best casino sites in the Philippines offer bonuses and special promotions for bingo, which naturally boosts the popularity of the game.

Prosper Credit Card Review 2022 – Forbes Advisor

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Prosper® card* compared to the Discover it® secure credit card

The Discover it® secured credit card as a secured card requires a deposit, unlike the Prosper card. But the Discover it® secured credit card deposit is fully refundable and the card does not charge an annual fee. Even better, despite being a secure card, the Discover it® Secure Credit Card offers rewards and a welcome bonus: Earn 2% cash back at gas stations and restaurants on up to to $1,000 in combined purchases each quarter. Plus, get unlimited 1% cash back on all other purchases. Plus, Earn Unlimited Cashback Match – Discover will automatically match any cashback earned at the end of the first year.

Although the Discover it® Secured Credit Card’s deposit requirement may make it out of reach for some who view the annual fee as a more affordable alternative to tying up cash in a deposit, the card is a better alternative. generally.

Prosper® card* compared to the Petal® 1 “no annual fee” Visa® credit card

The Visa® Petal® 1 “No Annual Fee” credit card, issued by WebBank, offers another unsecured option with no annual fee and limited rewards with select partners. While the rewards aren’t particularly fantastic and highly dependent on geography, the issuer’s use of a “cash score” to gauge your creditworthiness in the absence of a credit score can be particularly appealing to those who begin to credit themselves.

The Visa® Petal® 1 “no annual fee” credit card also includes benefits, including damage insurance for car rentals and access to curbside shipping, which the Prosper does not offer. The Petal 1 is a similar card for a similar demographic with much more potential to help build credit.

Prosper® card* vs. Bank of America® Travel Rewards Credit Card for Students*

The Bank of America® Travel Rewards Credit Card for Students* is a solid option for students who want to earn credits while exploring the world and ranks on our list of best student cards due to its rewards and travel-related benefits. With this card, you can earn 1.5 points per dollar on all purchases everywhere, every time with no expiration on points. There are no annual fees, no foreign transaction fees, and points do not expire as long as your account is open. Although not everyone qualifies for a student card, those who do should consider this card which has more to offer than the Prosper card.

Reddit’s top tips for new credit card users

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Image source: Getty Images

A credit card can be a powerful personal finance tool when used responsibly.


Key points

  • Getting a credit card can be a smart way to learn how to manage your money while building up credit.
  • The Reddit forums offer plenty of advice for new credit card users.

When used with care, credit cards can be a beneficial financial tool. You can use them to build your credit and learn how to manage your expenses responsibly.

Reddit is a great resource for new credit card users. You can learn about topics that are new to you while other users share their experiences and knowledge. There are many helpful personal finance resources on Reddit, including helpful credit card tips. Before you get your first credit card, make sure you’re ready. You may find the following tips for new credit card users helpful.

Pay your card balance in full

Reddit user MissPickleChips suggests new card users never carry a balance. She notes that just because you can wear a balance doesn’t mean it’s a good idea. You’ll be charged credit card interest if you don’t pay your balance in full each month, which can get expensive.

Check it out: This card has one of the longest 0% interest intro periods.

More: Consolidate your debt with one of these top-rated balance transfer credit cards

Only buy what you can afford

User pleiop recommends treating your credit card like a debit card. Only use your credit card to buy items you know you can afford. If you spend more than you can afford, you risk incurring credit card debt, which can quickly become a serious financial problem.

Aim for a card with no annual fee

Are you looking for credit card options? User gdq0 suggests giving priority to requesting a card with no annual fee. If you’re new to using credit cards, a card with no annual fee is the best and most affordable way to learn how to use a credit card responsibly.

Consider applying for a secured credit card

Reddit user GastonKobe recommends newbies apply for a secure card. If you’re new to credit cards and have little or no credit, applying for a secured credit card might be a good idea.

This is an ideal option if you are unlikely to be approved for an unsecured card with no annual fee. Keep in mind that secured credit cards require you to make a refundable deposit. Once approved and you make a deposit, you can spend up to the amount of your deposit.

You can show that you are responsible by making good spending and payment decisions. After a while, your card issuer may decide to upgrade your account to an unsecured credit card. If that’s not an option for the secured card you’re starting out with, you can always apply for an unsecured credit card at a later date.

Don’t rush to close your first credit card account

ToxicLogics suggests never closing your first credit card. It’s beneficial to have an older credit card on your credit report because your credit age makes up 15% of your FICO credit score.

If you get a no annual fee credit card as your first card, plan to keep that card in your wallet for many years. This will help you increase your credit age.

If you have a card with an annual fee, you can call your card issuer and request that this card be downgraded to a $0 card so that the account remains on your report.

If you’re new to using credit cards, that’s okay. We all have to start somewhere. The tips above can help you better plan for using your new credit card to build credit, avoid paying interest, and develop responsible credit card usage habits.

If you’re looking for your first credit card, check out our list of the best credit cards to help narrow down your options.

The best credit card waives interest until 2023

If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% in 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

Paying Off Credit Card Debt With Help From Student Loan Forgiveness

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I was a senior in high school and preparing to attend the University of Texas at Austin, when I received my “award letter” from the FAFSA with the terms of my direct unsubsidized student loan. I remember thinking, “That sure doesn’t look like an award.”

Over the past two decades, in-state tuition and fees at public universities have increased 211 percent. And every year, 30 to 40 percent of all undergraduate students take out federal student loans. I went there accepting the fact that I had to rely on student loans.

I had a lot of in-state tuition at UT, but in four years it had gone up almost 10%. I graduated in 2020 with about $37,000 in federal student debt, about 30% more than the average undergraduate borrower. Without the scholarship I received from the local Rotary club and the scholarship I won to study abroad during my senior year, my bill would have been much higher.

Then I added another layer of debt with my first credit card. Turns out that’s not unusual. A study by Sallie Mae found that the average credit card debt for a college student in 2019 was $1,183, 31% more than in 2016 when I started college.

Here’s how I got into debt and how I got out of it.

How I Got Credit Card Debt

My 18 year old self didn’t quite understand how a credit card was supposed to work. I wanted to live like a college student – not like the kind who eats microwave noodles every night. This eventually got me in trouble, financially. I saw my credit card as an opportunity to travel as much as I wanted, while working at a minimum-wage newspaper that (spoiler alert) didn’t cover my credit card bill each month.

I knew what I was doing was irresponsible and it would catch up with me. Still, I spent summers between semesters traveling around Europe and Southeast Asia — and, you guessed it, throwing every purchase on my credit card.

At the time, I had a credit card in my wallet, the Discover it® Cash Back card. As soon as I left for college, my parents encouraged me to get a credit card for all the right reasons. They wanted me to build credit – and they had the right idea. How could they know that I would end up globe-trotting, thanks to my credit card?

After college, I entered the workforce with a huge amount of student loans and credit card debt. Oh, and it was May 2020: COVID-19 was disrupting everything. My credit card debt was the last thing on my mind.

Student Loan Debt Became My Main Concern

With persistent student loan debt, my card debt went on the back burner.

In March 2020, the federal government announced the Coronavirus Aid, Relief, and Economic Security (CARES) Actwhich suspended federal student loan payments until September 30, 2020. I was six weeks away from getting my bachelor’s degree and a $37,000 student loan bill.

We didn’t even get to September 30 before the student loan relief measure was extended until December 31, 2020, in early August, and then again until January 2021. When President Biden took office in January 2021, it extended the student loan relief measure with no end date.

With the federal postponement in place due to the COVID-19 pandemic, I started thinking about ways to pay off the credit card debt I had accumulated. For almost four years, I had been making payments that barely exceeded the minimum amount due. I ended up with about $4,500 accumulated on my Discover card. To make matters worse, I was facing an exorbitant interest rate of 24.99%.

I started to get frustrated with how little money I could afford each month and the compound interest that kept erasing my progress. I felt stuck. I wanted to put my credit card debt aside before I even considered tackling my student loan debt. But I wasn’t sure exactly how that would be possible, once the federal adjournment expired.

How I use a balance transfer to pay off my card debt

Instead of drowning in guesswork, I started looking into debt consolidation options and decided that a balance transfer was probably the best option for me. I knew my interest payments were going to eat me up unless I could essentially pay my balance in full, which I wasn’t quite ready to do.

I decided to go with the Capital One VentureOne Rewards credit card. Three perks are where I was financially: the $0 annual fee, the flat rewards structure, and the introductory offer of 0% APR on balance transfers and purchases for 15 months. I needed a solid balance transfer offer, and this card also had a nice sign-up bonus: 20,000 miles after spending $500 in the first three months.

Yes, I was intrigued by VentureOne’s hassle-free travel benefits, even though I wasn’t looking for a travel credit card. As you can guess, since that’s how I got into debt, I love to travel. The VentureOne offers 5X miles on hotels and rental cars booked through Capital One Travel and 1.25X miles on all other purchases — and it works with my long-term goals.

I applied for the Capital One VentureOne online and was quickly approved. Once I received my card, I initiated my balance transfer with Discover by calling customer service. My balance transfer request was approved and within a week my balance was transferred to my Capital One account. You can easily request a balance transfer online or through Discover’s mobile app, but since I had some lingering questions, I decided to do it over the phone.

I now end up with a balance of $0 on my Discover card and a balance of $4,500 on my Capital One card. Remember that a 3% ($135) balance transfer fee applies to my balance of $4,500.

With student loan forgiveness, I can prioritize card debt

I knew that over the next 15 months, I would have to make monthly payments well above the minimum due in order to pay off my balance before the 0% APR offer ended. I started by making two monthly payments of $150. My due date falls on the 27th of every month, so I’ve been able to make payments every two weeks in sync with my work paydays.

And then last month, President Biden announced a sweeping student loan forgiveness measure that erases up to $10,000 in federal student loan forgiveness for individual borrowers who earn less than $125,000 a year (up to $20,000 for borrowers who received a Federal Pell Grant). I felt a deep relief.

It’s not even necessarily the dollar amount that makes the difference, it’s the fact that when it comes time to pay off that student loan debt, my monthly payment will be cut in half. People with undergraduate loans only have to make payments equivalent to 5% of their Discretionary Income. Before that, I lived in fear that the exorbitant monthly payments would completely disrupt any card debt repayment plan.

Now I can focus on paying off my credit card debt and even increase my monthly payments, knowing that my student loan payments won’t break my bank next year.

How do you know which debt to prioritize?

In the end, I had to shift my financial priorities based on what was costing me the most. Since graduating in a “Covid economy”, my student loan debt has never been in the forefront of my mind because I knew it was costing me nothing at that exact moment. In contrast, my increasingly high-interest credit card debt was digging a hole in my pocket.

Either way, it’s in your best interest to figure out which debt is costing you the most over the longest period of time. Look at the interest rates you’re paying and figure out what they’re really costing you. If you’re in a situation similar to mine, the interest rates on your credit cards could exceed your student loan interest rate a dozen times over.

The bottom line

I am extremely relieved at the attention the Biden administration is giving to nearly $1.75 trillion in outstanding student loan debt. Debt cancellation will allow people like me to prioritize other debts that are proving harder to get under control. With the right plan — and, potentially, the right balance transfer offer — we graduates can get our financial lives back on track.

I’d be lying if I said I wasn’t uncomfortable with my student debt, but I’m not ashamed. That’s what I needed to do to get into college. Now my credit card debt is a different story.

I plan to pay off my credit card debt by March 2023, a few months before my 0% APR offer ends. When I do, maybe I’ll update my credit card and start playing the points game myself a bit. But I will not have the right to make mistakes, because I will work until then to settle my student debt.

Precautions to take before canceling a credit card

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Canceling a credit card is not as easy as it looks. Read our guide to make sure you’re making the right decision and follow the steps to successfully closing your account.

Banks regularly introduce new credit card variants with enticing features, such as annual fee waiver or S$100 cash back welcome bonus. If you keep accepting some of these offers, you may soon find yourself with more cards than you need or can handle. Even if you’re able to, having too many credit cards can be detrimental to a healthy spending habit, as you find yourself scrambling to meet different minimum spending requirements each month.

If and when you decide to cancel a credit card, keep in mind that it’s not just about cutting it in half and sending a cancellation request to your bank. Here we discuss some of the most important precautions you can take to save money and a lot of stress if and when you cancel a credit card.

Contents

1. Pay off your balance

First, you should always settle any outstanding balance on your card before canceling it. It’s not just the amount that appears on your last credit card statement. There are also recent “pending” charges that have not yet appeared on your credit card statement. Failure to do so can have a huge impact on your credit score and your ability to commit to a bank for other services in the future, such as home loans, car loans, or even other cards. credit.

If you don’t have enough cash to pay off your balance, you should consider getting either a debt consolidation plan or a balance transfer from a bank. These products are designed to help you make credit card repayments more easily over a period of months to years.

This makes balance transfer loans and debt consolidation plans ideal for consumers who need to get rid of their credit cards but are unable to do so because they don’t have enough money to pay off their debt. balance immediately. By dividing your refund into small portions spread over a long period of time, you can more easily manage paying off your card balance while canceling your credit card immediately.

Additionally, some banks continue to charge credit card accounts that have been closed if your account has a credit balance for more than a year after closure. Although the amount charged by banks is usually small, it is best to verify that your account is reduced to a zero balance before closing.

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2. Collect your credit balance

The correct way to withdraw a credit balance from your account is to ask the bank to pay you. Don’t make the mistake of logging into your card account and transferring the money. If you withdraw money from your card, the bank may consider this to be using the credit card cash advance facility. This typically attracts an interest rate of up to 28% per annum in addition to a one-time service charge of up to 6%. Instead, you can simply ask the bank to issue a check for any credit balance you may have on your card.

3. Redeem your rewards

In the rush to cancel a credit card, some people may forget to redeem their points or miles. However, the problem is that your existing points are lost upon cancellation. If you’ve used some of the best credit cards in Singapore for a few years, the miles you’ve accumulated could be worth thousands of dollars.

This is why you should always remember to claim the rewards to which you are entitled before communicating your intention to cancel your credit card. By doing so, you will avoid having to convince the bank to reinstate your points.

4. Update billing instructions

If you have set up recurring payment instructions from your credit card, canceling your card will automatically stop those payments. So don’t forget to immediately reset your automatic payment schedule with your subscriptions with another card.

5. Monitor your credit score

Finally, closing your credit card account could have the unintended effect of lowering your credit score. This is because when you cancel a credit card, your total available credit limit decreases by the amount of the limit on the canceled card. This means that if you have other outstanding balances when you cancel one of your cards, your total credit usage will increase. This could hurt your credit rating.

Here is an example to demonstrate the mechanics of this process. Let’s say you have two credit cards – card 1 and card 2 – and you intend to cancel card 1. If you have an outstanding balance on both cards, the table below illustrates what could look like your credit usage before canceling card 1.

card limit Use of credit Usage percentage
Card 1 $5,000 $500 ten%
Card 2 S$7,000 $2,000 29%
Total $12,000 $2,500 21%

If you cancel Card 1 in this scenario, your credit usage drops from 21% to 29%, a factor that could lower your credit score despite your lower total balance. Another mistake people often make is canceling an old credit card. You shouldn’t do this on a whim, as maintaining a long history of regular payments can help boost your credit score.

card limit Use of credit Usage percentage
Card 1 NONE NONE NONE
Card 2 S$7,000 $2,000 29%
Total S$7,000 $2,000 29%

Don’t decide in haste

If you want to cancel a card because you are no longer using it or because the annual fee is very high, you should first consider all the implications of your decision. Canceling your oldest card or one with a high credit limit may not be the best decision. Remember that once you cancel a card, you cannot reactivate it.

If you’ve decided to get rid of a card that doesn’t really have any perks you can use, it might be a good idea to find a replacement card. There are several cards that offer generous rewards programs, as well as cards with no annual fee that might suit your needs better.

Is online bingo a game of skill or just luck? The debate is over

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Source: themercurynews.com

The game consists of betting on the probability of occurrence of an uncertain event. Nowadays, online casinos offer many interesting games; However, some classic games like Blackjack, Bingo and Poker have always been favorites of players around the world.

Playing a game of Blackjack is considerably different from playing a game of Bingo. And one of the major differences is how we perceive the results of these games. Most people tend to think that winning a game of Blackjack requires a considerable amount of skill, and Bingo involves more luck factors. It is precisely for this reason that BBingo remains a very popular game all over the world.

People don’t need a lot of skill to play Bingo. Moreover, it requires less critical thinking and the payouts are as good as blackjack. Also, there are a large number of online casinos such as https://onlinegamblingcasino.co.nz/No-Deposit-Bingo/ that offer no deposit online bingo games.

What exactly is bingo game?

Source: onlinecasinos.com

It can be played in many versions, such as using cards, balls with numbers printed on them, or cards with random numbers printed on them. The main principle is that a dealer or announcer calls out random numbers or cards, and the player who has the matching cards or number wins. The game is usually played for multiple sets, and in the number-based version, many line patterns (horizontal, vertical, or diagonal) must be created. Similarly, in the card version, multiple sets of cards must match the dealer’s call.

Since a player has no control over the random number or card that is called, it is largely called a game of luck. Although luck is important, certain tips and tricks can improve the odds of winning a game.

Why does luck play an important role?

Bingo is widely called a game of chance because the player has no control over which number or card will be called. It is for this reason that a novice can also win a game. Also, most players choose a lucky number that contains their date of birth, etc., to increase their chances of winning a game.

Some strategies that can help a player win at bingo

Source: onlinecasinos.com

Play with fewer people

In most versions of Bingo, only one person is the ultimate winner. Therefore, if someone is playing in a large crowd, their individual chances of winning diminish proportionally. For example, if there are only five people in a game, each person has a 20% chance of winning, whereas if a hundred people are playing, each has only a 1% chance of winning. So, it’s a good idea to play in matches that have fewer players.

Play games that allow offers to buy cards

There are many versions of Bingo, and some of the versions allow one or two free options or buy one and get three free options available. Here, if a person buys one card, they can get two or three for free. Playing with more cards or more numbers increases the probability of winning. If someone buys one card and gets two for free, they’re trying to get an eight-card match, while their opponents will have to get a random match with just eight cards.

Play 1TG or 2TG matches

Usually, the player who gets all the matches the fastest wins Bingo. However, there are variants where money is also given to 1TG or 2TG players. A 1TG is someone who still has one card to match before someone completes a bingo. Similarly, 2TG is someone who has two cards to match before the match ends. It’s always a good idea to research sites that offer a winning amount to 1TG or 2TG players. These games have more winners, which increases everyone’s chances of winning money.

Be attentive while the announcer is calling

Source: google.com

A lot of people don’t win because they don’t pay enough attention while the dealer calls out the cards or the caller calls out the numbers. Thus, being attentive throughout the match greatly increases the chances of winning. Another common problem that many people face is that they don’t cross out numbers correctly. Therefore, they don’t realize that they have actually completed a pattern.

It is advised that people pay close attention while playing. In case of an online match, the person must be prepared to sit for a long time in order not to miss any numbers. Again, it is common practice to carry tapes to cover digits that have already been called. Once a part is taped, there is very little chance that it will be missed on a subsequent occasion.

Choose median numbers

Although there is no scientific proof of this strategy yet, it is generally believed that the middle numbers are more likely to win. For example, if a bingo has zero to one hundred numbers, forty to fifty are the middle numbers for that set. Therefore, many people prefer to take bingo cards that have many middle numbers and fewer numbers at the ends of the spectrum, such as single digit numbers.

Conclusion

Source: lnkedin.com

Winning at Bingo is quite simple; therefore, many new players try their luck here before playing Blackjack or Poker. However, it’s not just a game of luck, and people get better with practice. They might improve because they become more attentive listening to announcements, or they might just get an idea of ​​which numbers are more likely to register a win.

Bingo has always been a social game where a large number of players can participate. Currently, with online casinos making gambling easier and more lucrative for everyone, the popularity of bingo is going to see a huge increase in the near future.

Using a Personal Loan to Pay Off Credit Card Debt

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Credit card debt can quickly turn into a cycle of endless payments. Fortunately, there are several solutions if you are looking to anticipate your debt and pay it off more quickly.

One way is to apply for a personal loan to effectively transfer your debt from your credit card issuer to a personal lender and hopefully get a lower interest rate and better repayment options. By doing so, you’ll likely pay less interest in the long run and eventually be able to get out of debt. There are also a few other options worth considering if you want to consolidate your debt effectively and affordably.

Below, Select details what you need to know about using a personal loan to pay off credit card debt and how to get started.

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Benefits of using a personal loan to pay off credit card debt

Credit card debt has skyrocketed recently as Americans continue to face record inflation for daily consumer goods such as gasoline and groceries. Unfortunately, such trends can create a slippery slope since credit cards tend to have high interest rates, allowing consumers to get into debt even faster.

If you’ve found yourself in a credit card debt loop, you might want to consider using a personal loan. Here are two reasons why using a personal loan to pay off credit card debt might make sense for your situation.

Personal loans have lower interest rates than credit cards

According to most recent data from the Federal Reserve, the average credit card interest rate in May 2022 was 15.13%. During the same month, personal loan interest rates averaged 8.73% for a 24-month loan.

Let’s say you have $8,000 in credit card debt that you would like to pay off. If you kept your credit card balance, you would end up paying $1,326 in interest. If instead you applied for a personal loan and paid it off over two years, you would end up paying $747 in interest, a difference of $579 in interest.

And keep in mind that these interest rates are just averages. LightStream, Select’s overall best choice for personal loans, offers APRs ranging from just 3.99% to 19.99% when you sign up for autopay, depending on your terms. So your savings can be even greater.

You can reduce the number of monthly payments you have

If you happen to have more than one credit card with a revolving statement balance, opting for a concise monthly payment with a personal loan could be helpful. Rather than concentrating your efforts in several places, you will have all your debts in one place and can devote your energy to paying them off. Also, the more money you invest in the personal loan, the faster you can pay it off and the less interest you will pay.

Disadvantages of using a personal loan to pay off credit card debt

However, using personal loans to pay off credit card debt is not without risk. Here are some cons to consider before applying.

Personal loans could lead to more debt

If you decide to go this route, it’s important to use a personal loan as a means to an end. Even if you use one to pay off your debt, you could quickly end up with credit card debt, as well as a personal loan for your old debt if you’re not careful.

If you take out a personal loan to pay off your credit card debt, be sure to immediately pay off your credit card balance with the loan money. Some lenders, like Marcus by Goldman Sachs Personal Loans, will do this automatically for you when you apply for a loan. Then, put a plan in place to pay off your loan and create a budget so you don’t overspend.

A lower interest rate is not guaranteed

Although there is a wide disparity between the average interest rates for credit cards and personal loans, there is no guarantee that you will get a better rate. Find out the exact interest rate you’re paying on your credit card and do your best to find a better interest rate with a personal loan. Factors such as your credit score, loan amount, and loan term can all affect the APR you qualify for.

Visit Select’s Personal Loan Marketplace to see which loans you are prequalified or preapproved for. It’s free, won’t impact your credit score, and lets you compare interest rates from different lenders.

Personal loans have fees

When researching different lenders, consider the fees you may be charged for the personal loan, which may include application fees, origination fees, prepayment penalties, late fees, repayment fees, or a payment protection insurance. If the interest rate difference is small between your credit card and your personal loan, the fees may negate any potential savings.

Best personal loans to pay off credit card debt

If a personal loan sounds like a viable solution for your financial needs, here are a few. Choose from Select’s preferred lenders. Select ranked LightStream as the best personal lender overall due to its low interest rates and flexible terms, but PenFed is also good for those looking for smaller loans and Discover for those looking for quick funding. These loans also have no origination or prepayment fees.

LightStream Personal Loans

  • Annual Percentage Rate (APR)

    3.99% to 19.99%* when you sign up for autopay

  • Purpose of the loan

    Debt consolidation, renovation, car financing, medical expenses, marriage and more

  • Loan amounts

  • Terms

  • Credit needed

  • Assembly costs

  • Prepayment penalty

  • Late charge

PenFed Personal Loans

  • Annual Percentage Rate (APR)

  • Purpose of the loan

    Debt consolidation, home improvement, medical bills, car financing and more

  • Loan amounts

  • Terms

  • Credit needed

  • Assembly costs

  • Prepayment penalty

  • Late charge

Discover personal loans

  • Annual Percentage Rate (APR)

  • Purpose of the loan

    Debt consolidation, home improvement, wedding or vacation

  • Loan amounts

  • Terms

  • Credit needed

  • Assembly costs

  • Prepayment penalty

  • Late charge

Select’s personal loan marketplace

Visit Select’s Personal Loan Marketplace to see which loans you are prequalified or preapproved for. It’s free, won’t impact your credit score, and lets you compare interest rates from different lenders.

Another way to consolidate credit card debt

While taking out a personal loan is a solid option for paying off credit card debt, another way to go is to take out a balance transfer credit card that comes with an introductory APR of 0%. With this type of card, for a fixed term, its balance will not bear interest as long as you make the minimum payment each month.

For example, the Wells Fargo Reflect® Card offers 0% initial APR for 18 months from account opening (after, 15.24% – 27.24% variable APR) on eligible purchases and balance transfers. (See rates and fees.) It is also possible to extend this 0% APR for up to three additional months by making the minimum payments on time throughout the introductory and extension periods. Balance transfers made within the first 120 days are also eligible for the introductory rate.

This means you could end up earning up to 21 months of interest-free financing on your current debt as long as you make the minimum payments. If, for example, you have $8,000 in credit card debt to pay off and you can make monthly payments of $400 during the 0% introductory period, you won’t pay a penny in interest.

Keep in mind, however, that there is usually a 3% fee to transfer a credit card balance.

If a personal loan doesn’t meet your needs, consider using a 0% intro APR credit card such as one of the following listed below:

Citi® Diamond Preferred® Card

  • Awards

  • welcome bonus

  • Annual subscription

  • Introduction AVR

    0% for 21 months on balance transfers; 0% for 12 months on purchases

  • Regular APR

  • Balance Transfer Fee

    5% of each balance transfer; At least $5. Balance transfers must be completed within 4 months of account opening.

  • Foreign transaction fees

  • Credit needed

Advantages

  • No annual fee
  • Balances can be transferred within 4 months of account opening
  • One of the longest introductory periods for balance transfers

The inconvenients

  • 3% foreign transaction fee

Hunt Unlimited Freedom®

  • Awards

    Enjoy 5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; 3% cash back on drugstore purchases and restaurant meals, including eligible takeout and delivery services, and 1.5% on all other purchases

  • welcome bonus

    Earn an extra 1.5% on everything you buy (up to $20,000 spent in the first year) – worth up to $300 in cash back. That’s 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on restaurants and drugstores, and 3% on all other purchases.

  • Annual subscription

  • Introduction AVR

    0% for the first 15 months from account opening on purchases and balance transfers

  • Regular APR

  • Balance Transfer Fee

    Introductory fee of $5 or 3% of each transfer amount, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of each transfer amount, whichever is greater.

  • Foreign transaction fees

  • Credit needed

Wells Fargo Active Cash® Card

On the Wells Fargo secure site

  • Awards

    Unlimited cash rewards of 2% on purchases

  • welcome bonus

    Earn a $200 cash rewards bonus after spending $1,000 on purchases in the first 3 months

  • Annual subscription

  • Introduction AVR

    0% intro APR for 15 months from account opening on eligible purchases and balance transfers; balance transfers made within 120 days qualify for the introductory rate

  • Regular APR

    Variable APR of 17.24%, 22.24% or 27.24% on purchases and balance transfers

  • Balance Transfer Fee

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

  • Foreign transaction fees

  • Credit needed

At the end of the line

Editorial note: Any opinions, analyses, criticisms or recommendations expressed in this article are those of Select’s editorial staff alone and have not been reviewed, endorsed or otherwise endorsed by any third party.

Lotto has warned that a $25 million online bingo plan could create more harm

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Lotto wants to launch an online bingo game that it hopes will bring in $25 million in the first year (illustration)
Photo: RNZ/Asia King

This is the second story in a series of investigative lotto. Expect more next week.

Lotto is being urged to drop plans to launch an online bingo game, with a member of its expert advisory group saying it could increase gambling harms in Maori and Pasifika communities.

The warning comes as documents obtained for RNZ’s lotto investigation show it already has major flaws in its engagement strategy with Maori and Pasifika, who are two to three times more likely to suffer gambling-related harm.

Lotto wants to introduce online bingo in early 2023 and, in a submission to the Home Secretary seeking approval, says it aims to earn an additional $25 million from gambling in the first year.

Learn more about this series

  • Lotto stores in New Zealand’s poorest half account for 70% of sales
  • But Maria Bellringer, director of the Center for Gambling and Addictions Research at Auckland University of Technology and a member of Lotto’s expert advisory board, wants the company to drop the idea.

    Maria Bellringer, Director of the Center for Gambling and Addictions Research at Auckland University of Technology and member of Lotto's Expert Advisory Board

    Maria Bellringer
    Photo: Provided

    Bellringer said online bingo is a form of “continuous play” where players can immediately reinvest their winnings, unlike a lottery draw where players wait hours or days for the result.

    As online gambling could be done easily and in secret, it was “strongly associated” with problem gambling. “So you’ve already put two problematic or potentially risky behaviors together.”

    Bellringer said bingo also figures strongly as a social, cultural and fundraising activity in Maori and Pasifika communities.

    “I really think making bingo highly accessible by bringing it online is going to increase the risk of harm to Maori and Pacific communities,” she said.

    Maori are three times more likely to be moderate-risk or problem gamblers than non-Maori and Pasifika 2.5 times more likely, according to the Health and Lifestyles Agency’s 2020 Survey. health promotion.

    Bellringer was interviewed as part of an RNZ lotto investigation, which unearthed hundreds of pages of official documents from the state gaming company.

    Among these documents is Lotto’s submission to Interior Minister Jan Tinetti, asking for permission to launch the game.

    In the brief, released under the Official Information Act, Lotto chief executive Chris Lyman acknowledges that some communities are more vulnerable to gambling harms.

    “Lotto NZ acknowledges the research and data showing that Pacific peoples, Maori, certain Asian communities and low-income people disproportionately experience the harms of gambling,” it wrote.

    “We know bingo is a familiar game among New Zealand’s Pasifika communities and is embraced for socializing, entertainment and one-time fundraising efforts.”

    To “better protect Pacific Islanders from the potential harm of gambling”, Lotto would include bingo as a “topic of discussion” in its responsible gaming program for that community.

    “With regard to Bingo, Lotto NZ will also ensure that our games do not have features that specifically or deliberately appeal to Pasifika communities – for example, via theme design or artwork on Bingo games.”

    Under the Gaming Act, Minister Tinetti has veto power and has put Lotto’s online bingo plans on hold as she considers a review of the entire online gaming sector, which exploded in recent years.

    Lyman is frustrated with the delay, according to minutes from a June 2022 Lotto stakeholder meeting.

    “Lotto has a Bingo product ready for use, but the Minister has suspended it pending the review of online gambling,” Lyman said. “Lotto is disappointed that the review of online gaming has not progressed further, which is hampering Lotto’s ability to move forward. We need up-to-date legislation.”

    The minister told RNZ that she was fine with the idea.

    The government is expanding Mana Ake to provide more school-based mental wellbeing support to Years 1-8.

    John Tinetti
    Photo: RNZ / Dan Cook

    “I’ve always had harm minimization in mind. I’ve seen too many gambling issues. I’ve seen too many families who have been hurt and hurt,” she said.

    “I have been quite open with Lotto that I will not make any decisions regarding online bingo until we have reviewed the entire online gambling regulatory regime.

    RNZ’s Lotto investigation revealed major gaps in the company’s strategy for engaging with Maori and Pasifika communities.

    Lotto’s business documents show that in 2021 only one in 174 employees was Maori.

    “I’m not proud of it,” Lyman told RNZ. “It is not good and we are not happy with this situation. It will not be an easy solution, but we are committed to fixing it.”

    Lotto also set up an expert advisory group with no representative from Pasifika, a shortcoming the group itself acknowledged at its first meeting in October 2019.

    Minutes of the meeting show that the panel informed the company of a “possible shortcoming in not having any members specifically representing the perspective or voice of the Pacific or Asian communities, the Pacific Community being considered particularly vulnerable.

    The documents show that as of March 2022 he was still looking for a Pasifika representative for the panel, although Lotto said that has now been resolved.

    Lotto has known for many years that its safe gambling messages are not reaching the communities most at risk of harmful gambling.

    An August 2021 Lotto Corporate Social Responsibility memo reveals that the company has conducted research into the effectiveness of its safe gaming resources, called Play Smart.

    “The key takeaways were that current Play Smart materials do not resonate with Pasifika communities,” the document states.

    The chief executive himself acknowledged “the need to do better in managing harm minimization with the Maori and Pasifika communities”, according to the minutes of a September 2020 lotto stakeholder meeting.

    Despite these shortcomings, Lotto is eager to launch Bingo online.

    Lyman told RNZ that New Zealanders were already playing the game on offshore websites and it would be safer for them to play the version of Lotto – which would also bring some of that money back to the community.

    “It’s a game that Kiwis are playing through unregulated offshore sites. It troubles me. I think we could provide that service to these New Zealanders onshore, for a regulated site where there are damage controls.” , Lyman said. “We’re not trying to create a market here. There’s already a market. Hundreds of thousands of Kiwis are playing Bingo offshore.”

    Lotto’s submission to the Minister states that online bingo “provides a commercially attractive potential player base which would enable us to maximize profit growth for the contribution to New Zealand communities”.

    Lotto hopes to make $25 million in the first year, capturing 25% of New Zealand’s existing online bingo market, which it says will generate an additional $2.7 million to distribute as lottery grants.

    The submission states that the maximum jackpot at any bingo hall would be $100,000, which would position it as “a small maximum jackpot game”.

    He says using a risk assessment tool, called Gam-Gard, would put his online bingo game “in the lower end of the medium risk range”, and with additional safeguards could be reduced to a “low risk” product.

    Lotto expressed concern about the growth of offshore gambling and estimated that New Zealanders spent around $510 million on such sites in 2020.

    The Home Office (DIA) said offshore gambling was a key part of the online gambling review – a three-year project it had just handed over to its minister, Jan Tinetti.

    “Compared to most other forms of gambling in New Zealand, we have virtually no control over how harm minimization standards apply to people who gamble online,” said Suzanne Doig, Director general of DIA policy, at RNZ.

    Lotto’s security measures for online gambling include spending limits of $150 per week and $500 per month and restriction of playing hours between 6:30 a.m. and 11 p.m. (until midnight on Wednesdays and Saturdays) .

    But Lotto also wants to expand its online offerings beyond Bingo.

    In the company’s submission to the Online Gambling Review, it stated that it wanted to introduce online casino games.

    Doig said the DIA had not received an official request from Lotto for this, but would have concerns because “online casino games are the riskiest form of online gambling”.

    She questioned “whether it is appropriate for Lotto – as a Crown entity, as a state gambling provider – to venture into the riskier end of the market”.

    Tinetti said reducing harm from online gambling was a “key priority” in his portfolio.

    “I’m very concerned about online gambling in general and lotto is definitely part of that,” she said. “We don’t want to be the fun police. We know people enjoy engaging with these providers. But at the same time, we want to make sure that we don’t create a situation where people experience more harm.”

    Lotto has offered online gambling since 2008, but sales have surged in recent years, from 19% of total sales in 2019 to around 45% today.

    About 1.4 million people now have an online Lotto account, up from 845,000 in 2019.

    Best Credit Card Consolidation Loans of 2022 – Forbes Advisor

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    LightStream is a consumer lending division of Truist, which formed from the merger of SunTrust Bank and BB&T. The platform offers unsecured personal loans from $5,000 up to $100,000. Loan amounts vary depending on the purpose of the loan. Although a number of lenders offer loans smaller than the LightStream minimum, few lenders offer a higher loan maximum. Repayment terms are available from two to seven years, making it a great option for those who want to spread the payment of large expenses over time.

    In addition to offering attractive and flexible terms, LightStream does not charge any set-up, late payment or prepayment fees. The lender is also offering a 0.50% rate reduction to borrowers who sign up for autopay – higher than most lenders with the same benefit – as well as a 30-day Lending Experience Guarantee to ensure borrower satisfaction, Covid-19/hardship assistance and rate-beating program. LightStream will beat a competitor’s interest rate by 0.1% for applicants who meet certain criteria.

    LightStream offers loans in all 50 states, as well as Washington, DC, and Puerto Rico, and applicants can contact the lender’s customer support team seven days a week; current borrowers have access to customer support Monday through Saturday. And, although LightStream does not offer a mobile app for loan management, customers can access their account through LightStream.com.

    Eligibility: LightStream recommends that applicants have good to excellent credit before applying for a personal loan. To increase their chances of approval, applicants must also have several years of credit history, including multiple account types, as well as an income stable enough to pay off current debts and a new LightStream loan.

    LightStream does not provide potential borrowers with the opportunity to prequalify for a loan. This fact, combined with the minimum credit score requirement, makes the platform a better choice for those with a strong credit profile. Applicants with excellent credit are also more likely to obtain favorable terms. LightStream does not allow co-signers, but potential borrowers can submit a joint application.

    The loan uses: LightStream personal loans can be used for a variety of purposes, from buying a new car, RV, or jewelry to paying for home improvements. However, LightStream really stands out because the loans can be used to finance land, timeshares, and so-called tiny homes. As with other major lenders, LightStream prohibits the use of its personal loans for post-secondary education expenses, business purposes, and illegal activities. Borrowers are also prohibited from using LightStream loan funds to refinance an existing LightStream loan.

    Completion time : LightStream borrowers can receive funds the same day if the loan is approved by 2:30 p.m. EST on a bank business day. To receive same-day financing, the applicant must also review and electronically sign the loan agreement; provide LightStream with funding preferences and relevant banking information; and complete the final verification process, all before 2:30 p.m. on the day the loan is approved.

    4 steps to lower your credit card interest rate

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    If you haven’t paid off all of your credit cards each month, you’re not alone. According to the Federal Reserve Bank of New York, US household credit card debt increased by $100 billion between the second quarter of 2021 and the second quarter of 2022.

    Depending on how much debt you owe, you might not feel confident about getting out of it. However, learning how to negotiate credit card debt can provide you with a way to get relief.

    Why should you negotiate credit card debt?

    Negotiation can help you get out of debt faster. However, you won’t always be successful, and negotiation shouldn’t be your first course of action.

    Consumers often consider negotiating after their debt has been assigned to a collection agency or after the creditor has hired a service provider to handle the communication, says Daryl Holman Jr., founder of debt elimination startup Revival. . “There are hardship plans that may come before that point, but what’s best for borrowers is to make their payments on time if they have the capacity to do so.”

    If you are unable to make your payments on time, but your debt has not yet been collected, negotiating with your credit card company is a much better option than completely ignoring the debt.

    “If you have an account with a large balance that is already overdue, a large amount of money in the bank, and negotiation skills, it may be a good idea to negotiate a (lump sum) credit card debt settlement,” explains Leslie Tayne. , financial lawyer and managing director of Tayne Law Group in New York.

    Understanding your options when negotiating credit card debt can help you reach a manageable deal. Note that if you have had credit card debt, go to a collection agency, you can negotiate with the collection agents.

    What are your options?

    When negotiating with credit card companies, you can look for a lump sum settlement, a hardship agreement, or a relief agreement.

    Lump sum payment

    This option obliges debtors to make a bulk payment in advance for an amount less than the debt owed. Once creditors receive lump sum payments, you can expect the account to be listed as paid in full on your credit report.

    “A lump sum settlement is the best route for you because you’ll usually get the best deal from your creditor,” Tayne says. “Plus, your debt will be gone.”

    Keep in mind that settling your debt for less than you owe will hurt your credit score, although settling is always better than having it written off your credit report.

    Hardship Agreement

    Hardship plans are also called forbearance and can provide temporary relief to borrowers in need. For example, your creditor could reduce your minimum payment amount or interest rate or stop late fees, according to credit bureau Experian. However, unlike a lump sum settlement, you will still have to repay your total outstanding balance. After the hardship period ends, your regular account terms will return.

    Training agreement

    A ripple agreement is when the lender agrees to change the terms of the card, according to Experian. The creditor may reduce your minimum payment requirement or annual percentage rate or waive fees you have already incurred. If you still receive regular income, this option could be a solution to pay off your debt more quickly.

    Advantages and disadvantages of negotiating credit card debt

    Advantages

    • Can provide financial assistance. Depending on the option you pursue, you may be able to reduce your debt, reduce interest and/or lower fees.
    • Potentially slows bankruptcy. Negotiating your credit card debt can save you from having to declare bankruptcy. If creditors come to an agreement with you, they can avoid not receiving a refund if you go bankrupt.
    • Mental and emotional relief. Dealing with creditors can be stressful. In addition to receiving financial help, negotiating your debt can ease fears of being sued or facing other consequences.

    The inconvenients

    • Tax implications. When you pay less than you owe under a lump sum agreement, the Internal Revenue Service treats any forgiven debt as taxable income. That could result in a higher tax bill for that filler year, Tayne says. Make sure you are financially ready for this.
    • Credit implications. When your credit report shows that a credit account is settled, it will negatively affect your credit score. However, this is not as bad as having the account listed as unpaid. Some creditors will close the account when you negotiate, according to Experian, and this can negatively impact your score.

    How to negotiate your debt

    There are a few steps to keep in mind when preparing for your negotiations with your credit card company.

    1. Check the debt

    Make sure you know how much you owe your credit card issuers before developing a negotiation plan. Typically, issuers sell outstanding debts to collection companies when they’re six months overdue, so you may not be able to negotiate with credit card companies on older items.

    Once you’ve taken stock of your debt, move on to step two.

    2. Choose an option

    Explore the different options based on your financial situation and goals. A lump sum settlement may get you the best deal, but a hardship agreement may be a better choice if you only need temporary relief.

    Also, it helps to have a list of terms you would like to apply. For example, you can request that your settled debt be shown as fully paid on your credit report, even if you settle it. The creditor may not agree, but it will help your credit if they do.

    3. Contact your creditor

    You can start by talking to a customer service representative from your credit card company. Throughout the negotiation, be polite, but stick to the terms that work for you. If you fail on your first call, don’t be discouraged. Call again and speak to another representative or supervisor who can provide decisive recourse.

    4. Ask questions

    During the negotiation, make sure you understand what you are required to do and what the creditor promises to do if you meet the terms of the agreement. If you don’t know what something in the agreement means, you should ask for an explanation. Some questions to ask might include:

    • How long will the process take?
    • How will the status of the account be reported to the credit bureaus once the terms of the agreement have been met?
    • When can I expect the written agreement?

    5. Get everything in writing

    Make sure you get all the terms you want in writing before agreeing to a deal, says Scott Glatstian, attorney at Rosenblum Law. If the creditor has agreed to declare the account as fully paid, for example, this should be clearly stated in the agreement.

    What to do if you need help negotiating your credit card debt

    If you don’t feel comfortable negotiating your credit card debt on your own, there are other options.

    For-profit debt settlement

    The company will likely ask you to stop payments to the creditor altogether in hopes of getting a lump sum settlement. However, creditors could simply refuse to deal with the settlement company, according to the Consumer Financial Protection Bureau.
    . In this scenario, you’ve racked up more late fees and penalties on the account and taken damage to your credit, and you still owe the debt.

    Non-profit credit counseling

    According to the NFCC, counseling is often offered free or at low cost. Counselors can help you not only with the credit card debt in question, but also with budgeting and other ways to stay on track financially.

    Alternatives to negotiating with your credit card company

    Depending on your situation, an alternative approach might be more appropriate. Some options include:

    • Debt consolidation loans. A debt consolidation loan simplifies paying off your debts by combining two or more accounts into one loan. You are left with a due date, interest rate, and minimum payment to track each month. You may also be able to get a lower interest rate on a debt consolidation loan than a credit card.
    • Balance transfer credit cards. A balance transfer credit card can be an alternative to negotiating credit card debt if a high interest rate is causing your problems. Eligible borrowers can choose a card with a lower interest rate or a promotional 0% APR and transfer all or part of their credit card debt to it. If you are using a 0% introductory APR, make sure you make payments on time and pay the full balance before the end of the introductory period.

    How to consolidate credit card debt

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    Can it be said that you are tired of passing on credit card obligations? All things considered, in this article, I will share three techniques that you can consider, so that you can finally become obligation-free.

    Source: Debt.org

    System number one, do a 0% balance move. This includes moving your card’s balance to a current card or one that has 0% balance movement advancement. This means that you pay no interest for 12, 15 or one and a half years, regardless of the advancement period. I’ve seen many people do this, but every once in a while they end up where they started on the grounds that they completely disregard the payment for that card. So the fundamental way this technique can work is for you to continue to care for your card consistently.

    You will find that you will have the ability to get to zero balance much sooner. So you find support, but you want to get the job done. It looks like a trip to Machu Picchu for five days and you hire a lot of guards to carry your stuff, but you actually have to do the real trip, seven miles a day for five days, and you’ll be happy when you finally get to your objective.

    System number two, get a fixed, lower cost of finance advance that you can use to manage your current credit card balance. This therefore includes obtaining a statement from online lending specialists, such as SoFi or LightStream. There are a few. Also, the fundamental rationale for why this is a decent system or can be a decent methodology, is the risk that you can sort out lower loan fees, let’s say 10, or 12, or 13%, which are normally going to be much lower than the financing cost you currently pay with your Visa, which is usually similar to 20 or 25%.

    So the way it works is, let’s say you add up all your Mastercard adjustments and that’s like 30,000, you apply for $30,000 fixed credit from an online lending specialist. They give you when you’re taken care of, that 30,000, which you use to take care of the credit card obligation, and currently you have fixed rate credit of $30.00, which is ideally a rate of lower loan.

    3 ways to reduce your credit card debt

    Paying by credit card online with a laptop
    You can start reducing your credit card debt by following proven strategies.

    Getty Images


    Credit cards can be a valuable tool for building your credit while enjoying rewards and benefits. But if used irresponsibly, you could end up with a mountain of debt that can cripple your finances.

    The good news is that you can reduce your credit card debt by freeing up money in your budget, lowering your interest rates and payments, and following proven repayment strategies. Remember, you are in control of your debt and can beat it with the right plan, persistence, and self-discipline. Follow the tips in this guide to start paying off your credit card debt.

    And, if your credit card debt is already bothering you, you can start repairing your credit history with a repair expert. Get a free credit report today.

    Understanding Credit Card Debt

    Credit card debt is a type of revolving debt that allows you to borrow up to your credit limit. Typically, revolving credit is indefinite, so you don’t have to pay off the debt at the end of the loan term, usually at the end of your monthly billing cycle. In contrast, installment loan accounts are closed once the balance is fully paid.

    If you have a large debt on your credit card, you may find it difficult to pay more than your minimum payments. As such, you could end up paying high interest and fees. Let’s say you have a balance of $2,000 on a credit card with an annual percentage rate (APR) of 18% and you make minimum payments of $50 per month. It will take you about five years to pay off the balance, including $1,077.25 in total interest.

    Additionally, paying off debt can have a positive impact on your credit score. As stated by FICO, your credit utilization rate – the amount of credit you use – is 30% of your credit score. Many credit experts recommend keeping your credit utilization ratio below 30% to maintain a good or excellent credit score, but the lower your ratio, the better.

    And if you have bad credit (or not enough credit history), you can work on improving it by working with a credit repair company. Several repair options are available to you.

    3 proven ways to reduce your credit card debt

    The more you can pay beyond your minimum payments, the faster you can pay off your credit cards. If your budget is tight, look for ways to free up some extra money to apply to your payments.

    Looking at your expenses and cutting unnecessary expenses is one way to create a cushion in your budget. For example, you might consider cutting out streaming services you rarely use or an expensive gym membership. It’s up to you to decide which luxuries you’re willing to do without and which are non-negotiable.

    Increasing your income is another option to help you get out of debt faster. If you have more time, you might want to volunteer for overtime at work or take on a side gig. You can also talk to your employer about a pay raise if it’s been a while since your last job.

    Freeing up money will go a long way toward paying down debt. Following these three strategies can help you reach your goal:

    1. Negotiate a lower rate

    One of the fastest ways to pay off your debt is to call the customer service number for your credit card issuer on the back of your credit card and ask for a lower interest rate. Be prepared to explain why you deserve a lower APR. Let them know how long you’ve had the card, your on-time payment history, and whether your credit score is higher now than when you originally applied for the card.

    If the representative can’t help you, ask to speak to a manager or supervisor with the authority to make a decision about reducing your APR. If a supervisor does not change your rate permanently, ask for a temporary rate reduction or ask what hardship options are available to you.

    2. Consolidate your debts

    Two of the most common ways to consolidate your debts are with a debt consolidation loan or a balance transfer credit card.

    Debt consolidation loan: A debt consolidation loan is an installment loan, usually with fixed interest rates and payment amounts. Locking in a fixed-interest loan could act as a hedge against rising federal interest rates.

    Getting a personal loan can be a good idea if you have several high interest credit cards. According to the Federal Reserve, from April 2022 to June 2022, the average interest rate on a 24-month personal loan was 8.73%, compared to an average interest rate on a credit card of 16.65%. .

    You might consider debt consolidation if you were required to make minimum payments and want a structured repayment plan. A debt consolidation loan will come with a fixed end date when your debt balance will be zero.

    Before taking out a debt consolidation loan, check with your lender to see if they charge origination fees to process the loan. These fees can range from 1% to 8% of the loan amount and could reduce your savings.

    Balance Transfer Credit Card: With good credit, another option might be to apply for a credit card balance transfer. These cards usually come with a low or 0% APR introductory period, with promotions for some of the best cards lasting up to 21 months. During the introductory period, you will not have to pay any interest charges.

    With 0% interest, your full payment amount can be used directly to pay off your balance, minus any fees or other charges on your bill. Even if you can’t completely pay off your credit card debt before the introductory period expires, you could still save hundreds of dollars by paying off as much debt as possible during this period.

    Remember that your credit card company will likely charge you a balance transfer fee, usually 3% or 5% of the transfer amount. If your debt balance is relatively low, the transfer fee could offset the savings you’ll realize during your interest-free period.

    3. Follow a debt repayment strategy

    Although making regular payments above the minimum amount owed helps reduce your credit card debt, it can help to follow a plan, such as debt avalanche or snowball strategies. debt.

    Debt avalanche method: This credit card repayment strategy involves paying off your most valuable cards first. To do this, you will make minimum payments on all of your credit cards except the credit card with the highest APR. Once you’ve paid off all of the debt on that card, you’ll take the money you paid into it and add it to the pot. You will now have more money to pay off the credit card with the second highest interest rate. Repeat the process until all of your credit cards have a zero balance.

    The main advantage of the debt avalanche method is that you can save money by paying off your credit cards with the highest interest rates first.

    Debt Snowball Method: The debt snowball strategy is also about making minimum payments to free up money and focus on paying off a card. In this case, you will direct your money to pay off your credit card with the lowest balance. Once your credit card with the lowest debt amount is cleared, you can take the money you used to pay for that card and use it to pay off your card with the next lowest balance. .

    With every card you pay off, the amount you can apply to pay off your debt grows like a snowball. Many people prefer the debt snowball method because quick wins build momentum and serve as inspiration to keep going.

    Of course, everyone has a unique financial situation. While some may use a debt avalanche method to save money and reduce credit card debt, others may opt for a balance transfer card to take advantage of the interest-free introductory period. If your debt is overwhelming, you may want to turn to credit counseling or ask your credit card issuers for programs in case you have difficulty. Credit repair experts are here to help.

    Play Bingo Online For Real Money – Everything You Need To Know!

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    Online bingo for real money has become extremely popular in the UK, Germany, Australia and many other countries. Playing bingo online could be a great pastime for retirees looking to fill their days with excitement. Many claim bingo has remarkable health benefits – both physical and mental. The motto of “bingo as you please” has caught on with senior citizens all over the world.

    The online bingo guide allows players to have fun without spending a lot of money since most sites do not charge registration fees or monthly dues like land-based casinos. Bingo is an easy game to play and understand. The variety of bingo games offered by the websites includes 90 ball and 75 ball bingo, slot machines and other casino games. An online bingo site usually offers a slotsmagic bonus for new players. An example of such a bonus is the $10 free offered at Royal Vegas Casino.

    Other promotions may include extra money or free spins on slot machines. Some casinos also allow players to cash out their winnings directly to their PayPal account. Plus, playing bingo online is a great way to spend time with friends and family. Since most bingo sites offer rooms where multiple people can play simultaneously, players don’t have to wait for a table to become available. This makes it easier to interact and socialize with other players, not necessarily friends as it is so popular around the world.

    Bingo websites can offer many incentives to play, but real-money bingo also has drawbacks. Traditional land-based casinos have large screens displaying the finest details of what is happening in each table game at all times, which adds to the excitement. In online bingo, players must watch their computer screens for the number that is being called. This can be a drawback for older gamers who may no longer have 20/20 vision and cannot appreciate the fine details of what they are playing for.

    Some websites have a “chat” feature that allows players to interact with each other. It can be a disadvantage if the players don’t know how to conduct themselves within the bounds of good taste, which can happen in any situation. Intoxicated or rude players might try to turn the game into an opportunity to make personal remarks, which have no place in bingo. These players are usually asked to leave by moderators who monitor online gaming. In fact, some websites don’t allow players to chat at all, which keeps the game pure and serious.

    There are many different variations of bingo for people to enjoy, each with its own charm and format. Playing online is a good option for older people who can’t travel or don’t want to go out at night. Most bingo websites offer free lessons to help players understand the game well enough to play for real money. The websites also offer support for depositing and withdrawing winnings, which can get complicated if players are unfamiliar with banking procedures.

    Scroll to continue

    Seniors who don’t want to go out at night but still want to have some social fun can play online bingo for real money. And if they don’t want to spend their winnings, they can simply withdraw their winnings directly to their PayPal accounts or convert them into free spins on the slots.

    Top 4 Online Bingo Sites

    • Raffle: Tombola is a completely free bingo site. You don’t need to download anything, and there’s no registration, no deposit, and no credit card required! There are also thousands of instant games that you can play whenever you want, 24/7, 365 days a year, such as Fluffy Favorites, Deal or No Deal Bingo, Dragon Slayer, Tombola Bingo and more. others! Tombola is where the heart is, so why not try it now?
    • Gala-Bingo: Gala Bingo is a leading bingo site offering players the opportunity to play free bingo games and win real money prizes. New players can get up to £130 in bonuses when they deposit just £5 and play with it on their first three deposits.

      Gala Bingo offers a wide selection of 75, 80 and 90 ball bingo games, as well as 25 variations of slot machine games, including Deal or No Deal Bingo and Tombola Bingo. With a personalized bingo room, chat games allowing players to interact with each other and various side games available throughout the day, Gala Bingo offers a fun and exciting online bingo experience.

    • Sun Bingo: Sun Bingo is giving players £10 completely free to play with. As soon as you register, you will be eligible for the €10 no deposit bonus that awaits you! Join now to claim it and start playing bingo games right away! Players can also enjoy many other great rewards including regular fun promotions and a wide selection of bingo games.

      Sun Bingo offers an exciting variety of 75 ball, 80 ball and 90 ball bingo games, as well as online slots and instant win games. Play for free or play for real money with Sun Bingo – it’s up to you!

    • BuzzBingo: Buzz Bingo offers players a wide variety of ways to win! Play online bingo and slots at the same time, or play risk-free for free. Deposit as little as €1 and play wherever you are with your mobile device. Players can also take advantage of regular promotions, including giveaways, risk-free games and bingo jackpots!

      Buzz Bingo offers a selection of 90 ball, 80 ball and 75 ball bingo games, as well as fun instant win games. With over 100 top class slot games available including Tombola Bingo, Deal or No Deal Bingo and Fluffy Favorites, there are plenty of ways to win big at Buzz Bingo!

    Conclusion

    Online bingo is a popular activity for seniors who want to play games from the comfort of their homes. Playing online also gives them options like playing free bingo without spending money or making a deposit and winning real money. Plus, finding the perfect room that suits their tastes can be done with just a few mouse clicks.

    Michigan and Multistate Online Poker: USA Online Poker Predictions

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    Our industry experts take a look at what the online poker landscape in the United States would look like once MI online poker operators could finally connect player pools with NJ.

    Three months ago, Michigan gaming regulators officially signed the Multi-State Internet Gambling Agreement (MSIGA), making it the fourth US state to join the pact, joining Delaware, Nevada and New Jersey.

    This paved the way for operators to be licensed in at least two states as part of the deal to combine online poker player pools. In effect, this allows three US operators – WSOPPokerStars and BetMGM Poker — to combine their Michigan online poker apps with those in New Jersey.

    Various steps are still required for this to become a reality – operators must obtain all necessary authorizations and adhere to all guidelines to allow interstate online poker. To date, no further progress on this project has been made public. Despite requests for updates from all interested parties, none will report on the steps completed and those that remain.

    “The MGCB does not discuss the status of applications”, a MGCB informed spokesperson MI Game Review last month. “When multi-state online poker is ready to go, the MGCB will announce it. We don’t have a deadline for an announcement. »

    However, fuse poker understand that there is momentum behind the scenes. Based on sources within the industry, similar project schedules in the past, and Fall Tournament Series schedules, our best estimate puts a go-live date in Q4 2022.

    In this spirit, fuse poker predicted what we expect once Michigan online poker operators join the market – identifying three changes that will impact immediate impact on online poker players in Michigan, New Jersey and Nevada:

    • The immediate cash impact on cash games
    • Increased competitiveness in the market
    • The effects of large pools of players
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    Cash game traffic will double overnight

    The change in the number of ongoing gambling in the two markets will be dramatic for players in New Jersey and Michigan.

    The total market size in Michigan is currently just over 300 cash game slots filled; the New Jersey market, which already includes Nevada and Delaware for WSOP/888, totals just over 400. Combined, the market will be north of 700 seats filled.

    For Michigan players, they will see more than double the number of cash games in progress. There will also be a much wider spread of stakes, with more micro-stakes and high-stakes games on offer; more tables will operate at off-peak times of the day and week; tables should break much less frequently.

    New Jersey players will see a similar effect, albeit slightly less pronounced. Observable cash game tables will increase by almost 75%.

    Cash game traffic in Michigan and New Jersey/Nevada/Delaware in 2022

    Operator Michigan NJ + NV + DE Combined
    PokerStars 158 75 233
    BetMGM 77 92 169
    WSOP 66 251 317
    All 301 418 719

    Data is the average of concurrent gambling seats filled from 2022 through August 20, 2022. Tracked by GameIntel and taken from poker industry PRO Data Platform. Only WSOP/888 is operational in Nevada and Delaware.

    The effect will be more pronounced in specific markets at the individual operator level. For example, a player on _PokerStars New Jersey will see cash game traffic triple overnight. For a WSOP Michigan player, this effect will be almost five times more action at the tables.

    Pooling of Michigan and New Jersey increases competition

    A curiosity of these two markets is that the composition of one is the reverse of the other. In Michigan, PokerStars is the clear leader, with over 50% of the market. WSOP is third with a 22% share, and BetMGM Poker is a close second.

    The reverse is true among operators in New Jersey, Nevada and Delaware. The cash game traffic of WSOP and 888 – the only network that currently covers all three states, with one room in Nevada, two in New Jersey and three in Delaware – is the undisputed market leader, with 60% of gambling traffic. PokerStars is last, and BetMGM is once again ahead in the middle.

    A similar breakdown can be seen in the New Jersey market data. As NJ Game Review reported last week, the state gaming regulator reports the monthly revenue of online poker operators in the state – WSOP leads the market, with BetMGM and PokerStars vying for second place.

    When we look at the numbers reported so far this year, WSOP controls just under 40% of the market. BetMGM is second with 34% and PokerStars is third with 27%. These figures resemble gambling traffic, except for the reduced share of the WSOP due to the absence of Nevada and Delaware represented in these figures.

    BetMGM Poker WSOP PokerStars Total
    Jan-22 848 788 961 931 747,070 2,557,789
    February 22 890 387 834 982 502 191 2,227,560
    March 22 981 831 907 472 641,860 2,531,163
    Apr-22 805128 788798 661006 2,254,932
    May-22 828108 864031 619423 2,311,562
    Jun-22 639327 960162 594302 2,193,791
    Jul-22 617620 997213 662439 2,277,272
    2022 to date 5,611,189 6,314,589 4,428,291 16,354,069
    Market share 34% 39% 27%
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    It means that when they combine, the market will be much more competitivewithout a clear leader controlling most of the traffic.

    From day 1, WSOP will lead the combined four-state market, but its unique position as the only interstate online poker network will disappear. Its market share – which now stands at 60% in the tri-state market – drops to 44%.

    PokerStars currently captures more than half of the Michigan market, but only 18% of NJ-NV-DE (and only 27% of New Jersey’s revenue). Its share in the four state markets would be 32% – almost exactly its “fair share” against two competitors.

    Curiously, BetMGM holds second place in Michigan and NJ/NV/DE, but would slip to third when the markets combine. However, at almost 25%, it remains very competitive.

    Gambling Traffic Market Share in Michigan and NJ/NV/DE in 2022

    Operator Michigan NJ + NV + DE Combined
    PokerStars:/go/pokerstarsus-poker/ 52% 18% 32%
    BetMGM Poker:/go/betmgmus-poker/ 26% 22% 24%
    WSOP:/go/wsopus-poker/ 22% 60% 44%

    The advantage for players of increased competition is that operators invest more in their platforms to gain market share. Right now PokerStars and BetMGM may not be focusing on New Jersey as it struggles to compete with the WSOP multi-state offer. Once Michigan joins, this competitive advantage diminishes; suddenly there is a lot more to fight.

    In the same way, WSOP seems happy enough sitting at the bottom of the MI market. But once it connects to the existing interstate network, there will be a great reason to invest more in promoting its expanded online poker offering in all states.

    Expect bigger US online poker deposit bonus offers, reload bonuses and tournament series once Michigan joins as the three operators compete for market share.

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    There will be longer term network effects – and hopefully regulatory changes too

    The naive analysis above – simply combining Michigan’s existing player pools with existing traffic in New Jersey, Delaware and Nevada – underestimates the potential impact of Michigan operator membership under MSIGA. Network effects should be in play – bigger and more competitive offers should attract players to the tables, further developing the sites.

    Examples of player clustering are limited, although some evidence of this effect exists. Spain and France joined their closed liquidity markets in 2018. Traffic on PokerStars Spain and France surged after the combination, although after a year the growth was in the single digit percentage points. This was against the tide of players moving from cash games to tournaments (this was during the explosive days of lottery sit-and-gos), so the overall growth would have been more considerable than these numbers indicate. .

    Perhaps the most significant long-term effect will be on the broader landscape of online poker in the United States. MSIGA has been in business since 2015 — when Delaware and Nevada first pooled their cash — and it expanded to New Jersey in 2018. Yet more than four years later, there has been no no further progress – just three states and one network.

    Connecting Michigan to New Jersey will be, by far, the most crucial development in American online poker in a decade. This will signal to other states – notably Pennsylvania, but also smaller states like West Virginia and Connecticut – that the signing MSIGA can provide a pathway to safe and regulated online poker.

    And that will end all lingering concerns with the Wire Act and multi-state online poker.

    US Online Poker States and Launch Times

    US state Launch of online poker Pact joined Launch of shared player pool
    Nevada April 2013 February 2014 March 2015
    Delaware November 2013 February 2014 March 2015
    New Jersey November 2013 October 2017 May 2018
    Michigan Jan 2021 May 2022 ?
    Pennsylvania November 2019 Not yet

    Homeowners are set to pay an extra £750 in interest on their credit card next year

    Almost 13 million homeowners in the UK will have to pay an additional £750 in interest on credit and store card balances over the next year as a direct result of the interest rate hike.

    Analysis from specialist mortgage lender Pepper Money suggests that 3.8million homeowners are already feeling the pinch of rising interest payments, with their average credit card interest bill rising by more than £60 this year.

    While interest rates are expected to rise further with the cost of living, the price of energy, food and fuel, Pepper Money calculates that banks, credit card companies and credit card providers store are now set to reap a further £2.8billion in interest payments made by those who will own their homes over the next 12 months.

    This is only the additional interest charged on “revolving” credit, including store cards, credit cards and overdrafts. Rising mortgage rates will also lead to a net increase in bank repayments.

    Why are interest rates rising?

    The Bank of England has been steadily raising the key rate in a desperate attempt to control inflation, which is already above double digits and is expected to reach at least 13%.

    In early December last year, the base rate was just 0.1%, its lowest level ever after an emergency cut in response to the pandemic.

    In the first week of August, the Bank of England’s Monetary Policy Committee confirmed that the base rate would rise to 1.75%, the fifth hike so far this year and the sixth in the past few months. last 12 months.

    Bank of England Governor Andrew Bailey has indicated there will be two more hikes later this year, with markets now pegging a base rate of 3% at the start of next year.

    Lenders were quick to pass on the higher rates to customers. Moneyfacts data showed that between early March and early June, the average credit card purchase APR, which includes card fees, hit an all-time high of 26.7%.

    Anyone who has credit card debt or pays interest on store card balances or overdrafts will be hit with higher costs, not just those who own their homes.

    The Money Charity calculates that the average UK household alone owes £2,192 in credit card debt.

    At an APR of 26.7%, interest payments amount to £585.26 a year, just to keep the balance stable, let alone paying down outstanding debt.

    Laurence Morey, Pepper’s Managing Director, said, “We know that with rising costs, the monthly commitment to pay off short-term debt such as credit cards, store cards and overdrafts can stifle ability of many families to meet their monthly expenses.

    “That’s especially true when the cost of that credit also goes up.”

    Should you consolidate expensive debt?

    Morey said that under the “right circumstances,” consolidating expensive short-term credit into a longer-term loan at a lower rate can help families better control their cash flow. Homeowners are uniquely positioned to pay off their debts by taking out a larger mortgage when they refinance, he added.

    Mortgage rates are well below the cost of servicing credit cards and overdraft interest, which means that even if the debt is still there, you are paying your lender much less interest than charged by your bank or your credit card provider.

    For example, NatWest currently has a 2-year fixed rate mortgage at 3.19%. Although you would have to pay a fee to remortgage on this particular offer, the interest charged on that £2,192 credit card balance if you added it to your mortgage would only be £70 over the year – allowing you to pay more than the interest each month and reduce the debt over time.

    Paula John, Independent Mortgage Specialist, said: “Debt consolidation may not be the right path for everyone, but many families could benefit from measures to reduce the interest rate that they pay off credit cards and overdrafts by refinancing on a loan that is secured on their longer-term home.

    “In fact, by being proactive and taking control of their finances in this way, many people can actually increase their credit score.”

    Moneyfacts finance expert Rachel Springall warned: “Anyone comparing offers, whether consolidating debt with a loan or transferring their credit card balance to an interest-free offer, would be advised to check their credit score before applying to Experian, Equifax or Totally Money.

    “The coming months are uncertain amid the rising cost of living, but seeking advice from a debt counseling charity is also a good idea if borrowers are struggling or worried they won’t be able to keep up with their repayments. “

    Before making the decision to take out a larger mortgage, it is advisable to speak to an independent financial adviser or mortgage broker who can help you understand the financial implications of consolidating debt this way.

    Free, unbiased debt advice is also available from a charity. Stage change, Advice to citizens and the Debt Counseling Foundation.

    Online Bingo: Luck or Strategy?

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    Online bingo is one of the most popular types of online gambling. Millions of players around the world participate because the game is fun, easy to play, and readily available through a wide variety of smartphone apps and online websites, including costabingo.com.

    The online version of bingo is very similar to the bingo hall variety, except there is no need for the caller or a handful of dabbers. Everything is done electronically, and you don’t have to worry about missing any of the numbers because your digital card will be automatically stamped if it has the matching number. All you have to do is watch and cross your fingers to reach that magic line!

    The appeal of online bingo:

    There are many attractive factors of online bingo.

    New players are drawn to the world of online bingo because it’s a fun game to play and the rules are very easy to learn. Although there are different varieties of bingo with different card sizes and number of balls, the basic gameplay remains the same: match the numbers on your card to those drawn by the bingo machine and you win if you complete the pattern appointed. For some games it’s a row or column, for others it can be a cross, all inside squares, or a completely random pattern.

    Each bingo game only lasts a few minutes, perfect for people with short attention spans or looking for entertainment to fill a coffee break, commute to work or spend time in a waiting room. It also means new games are always starting, so you don’t have to wait long if you miss one. And with bingo games starting at pennies a card, they won’t break the bank either.

    Bingo strategies to maximize your chances:

    But one of the biggest draws for new players is that online bingo is a luck-based game, which means absolutely everyone has a chance of walking away with the top prize, not just those who have spent hours studying and perfecting their strategies. However, there are several things you can do to improve your chances of winning the big jackpots.

    • Play multiple cards: Most online bingo sites and smartphone apps will allow you to purchase more than one card for each bingo game and will have several different rooms running at the same time. Because everything is automated, including the crossed out numbers on your bingo card, you don’t have to look at every card, so playing multiple games at once is a breeze – unlike real bingo where you would have need to be an octopus! Obviously, the more cards you play, the more chances you have of winning.
    • Fewer opponents – Choose bingo halls that have fewer people because you have a better chance of winning if you are one of 1000 than if you are one of 5000. This can be difficult to do because online bingo is so popular, but playing outside of peak hours – for example, early morning or mid-afternoon – means you’ll encounter fewer other players.
    • Check the jackpot – Online bingo games operate in different halls, with each bingo hall offering different jackpot conditions and different prize sizes. If one venue offers a price of £100 for a 5p card and another offers £5 for the same entry fee, you should opt for the higher price. Your chances of winning each will be about the same, but winning the highest prize will be more exciting and more money!
    • Manage your budget – Bingo cards can start from just pennies each, but if you play four at a time for an hour a day, it will quickly add up. If you want to get the most out of your bingo games, you need to set yourself a strict budget and make sure you stick to it, otherwise you may find yourself unable to afford any games for a while. Only play the games you can afford, although the £1 jackpot games look really appealing, the reality is that you pay more per card and you will be up against more opponents, which drastically reduces your chances to win.

    It depends on what you expect from them. They don’t guarantee you a win, and unlike strategies for games like poker, they also don’t guarantee that your chances of winning will continue to improve. This is because bingo will always be a game of luck, and you can’t get better at gambling. These strategies are designed to help you find the best games to play and the best times to play them, as fewer opponents and more active cards will increase your chances for that particular game.

    Conclusion:

    Bingo will always be a game of luck, and that’s what attracts many players. You have as much chance of winning your first game as your 100eand that’s why people keep coming back for more.

    Why has online poker become so popular? – News from the European gaming industry

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    Reading time: 3 minutes

    The online casino has become an integral part of the UK, with the idea of ​​remote betting/online casinos becoming a popular form of gambling. With the rise of mobile apps and 3G, it has never been easier to register at an online casino and claim the free spins no deposit bonus they offer.

    Remember that you must be at least 18 years old to gamble in the UK and feel free to visit BeGambleAware.org for information on how to gamble safely.

    What is iGaming?

    We can define iGaming as any form of wagering done online on a game or event. iGaming covers sports betting events, online slots and casinos, poker and esports.

    From 2020 to 2021, the online gambling industry brought in £6.85 billion in Britain, while the previous year brought in £5.79 billion. The UK iGaming industry is part of a global network worth $565 billion, according to research firm Technavio.

    iGaming has not always been legal in some countries, with gambling in general still being banned in countries like the UAE, Singapore, Japan and many more.

    The history of iGaming

    iGaming has a rich history that spans almost 30 years. In 1994 Microgaming created the first computer programs for online casinos and the first iGaming website was developed, which enabled its presence in the UK. In 1996, the Kahnawake Gaming Commission was created to regulate online gambling worldwide. By the end of the decade, online games were starting to boom, with an estimated £830m turnover in the industry. The UK also launched its first online betting service in 1998 with William Hill.

    In 2005 the Gambling Act was created which allowed casinos in the UK to be advertised and made gambling legal (as long as it was supervised).

    Of course, fast forward to 2022, we have big iGaming companies such as Intouch Games, William Hill and Mr Green leading the way in the rise of online gaming in the UK.

    land-based casino vs online casino

    The physical casino brings its own value to the table. With a bustling community of other players housed under one roof, a truly tangible experience and the glamorous hospitality of a casino, it’s hard for online gaming to compete with. However, online casinos have made it a point to offer more than just the gaming experience.

    As technology improves, mobile games also evolve. With more and more people having access to smartphones, the shift to mobile gaming seems inevitable. In 2008 Apple launched its App Store and in 2020 a whopping £1.5 billion was spent on mobile games by UK consumers. Additionally, technologies such as HTML5 have made mobile games faster, cleaner, and easier to create for highly optimized gameplay.

    Online slots have also progressed with its graphics and themes. It is not just a replica of the classic slot machines that cover the pages of online casinos. You will find many games with Egyptian, Irish or horror themes for fun play, as well as different soundtracks, gameplay and images.

    Specifically with online casinos, bonuses and rewards are one of the key factors for consumers playing online slots. Most online casinos offer a bonus for signing up or even just playing regularly.

    The future of iGaming

    The UK online gaming market is expected to grow by over $80 million by 2024. While there may be hurdles and hurdles to overcome, it looks like the iGaming industry will booming.

    The growth of cryptocurrency used for online transactions, or the rise of augmented and virtual reality could change the paradigm of the iGaming industry. The advancement of technology could mean spending virtual money in a virtual casino.

    Now, that’s a thought to keep when thinking about the future of the iGaming industry.

    Kiplinger’s Personal: Master Your Credit Card Debt | Economic news

    Revolving credit, which includes credit cards, jumped 21.4% in March, according to the Federal Reserve. But at the same time that credit card debt is on the rise, rising interest rates have made maintaining a balance more expensive.

    If you have credit card debt, consider these strategies to eliminate or reduce what you owe.

    Take stock of your debt. If you have balances on multiple credit cards, make a list showing how much you owe on each card, the interest rate, and the minimum monthly payment for each. A spreadsheet is a handy way to update your progress, but pen and paper work just as well.

    If you have a good credit rating, a balance transfer could help you get out of debt.

    Many banks offer balance transfer cards to new customers with an introductory 0% APR for a limited time – ranging from 12 to 21 months, depending on the card. To avoid interest, pay the balance before the introductory rate expires.

    People also read…

    This strategy only works if you resist the temptation to use the balance transfer card to make new purchases, said Beverly Harzog, author of “Confessions of a Credit Junkie.” You want to use the card to get out of debt, not add more, she says.

    If your credit score isn’t high enough to meet the criteria for a 0% introductory rate on a balance transfer card, you may qualify for a card with a lower-than-rate introductory APR. your current card, Harzog said.

    Another option is a debt consolidation loan from a bank or credit union with a lower rate than the rate you pay on your high-interest credit cards.

    Put profitability strategies to work. When you have balances on multiple credit cards, there are three approaches you can take to tackle the debt.

    The first is the “avalanche” approach. Start with your cards that have the highest interest rates and highest balances. Make minimum payments on low-interest cards while devoting the rest of your available funds to high-interest cards.

    Although the avalanche approach makes the most mathematical sense, some people choose the “snowball” approach, which works by paying off low-balance debt first. Paying off your low-balance cards can give you the motivation you need to pay off all your debt, even if it costs you more in interest.

    Finally, there is the “blizzard” approach, in which you start with the snowball and move on to the avalanche. Pay off a low balance card first so you have a hit under your belt, then move on to ones with higher rates.

    Paying off your balances will make it difficult to save. But try to set aside enough money in an emergency fund to cover three months of expenses.

    When you have paid off your debts, you can increase your savings so that you are prepared for unexpected expenses, which will reduce the risk of falling back into debt.

    Emma Patch is an editor at Kiplinger’s Personal Finance magazine. To learn more about this and similar money-related topics, visit Kiplinger.com.

    Online poker in the United States, iGaming’s revenue figures remain strong

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    online poker revenues rose month over month in most states legalized in July. The industry continues to show potential in new markets and achieve Year after year growth.

    PokerStars, BetMGM/partypoker US and WSOP.com continue to offer monthly tournament series alongside cash game promotions. In the United States, online poker is currently live and legal in the following states:

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    New Jersey Online Poker Shows Growth

    Garden State’s online poker sites have continued to earn over $2 million over the past few months. In total, the state provided $2.2 million, up slightly from June’s $2.1 million. The New Jersey Gaming Enforcement Division (NJDGE) reports monthly on state results.

    New Jersey currently has three online poker operators, including:

    • WSOP.com/888poker
    • BetMGM (including Borgata Poker and partypoker US skins)
    • PokerStars

    WSOP.com held the top spot again in July for the third month in a row. The site saw a month-over-month increase and attracted $997,213, down from $960,162 in June. The site benefited from online circuit series events and bracelets throughout the summer. The site’s large online events have attracted large fields.

    The big shakeup came in second place. PokerStars overtook BetMGM for second slot by reporting $662,439 for July.

    BetMGM came third for the month after reporting $617,620. The site recently announced its new KnockOut Series for August.

    In New Jersey’s live poker scene, only three rooms are open in Atlantic City including:

    • Borgata (offers weekly tournaments)
    • Harrah
    • Tropicana

    No casino has yet announced plans for guaranteed multi-day live events. However, there are rumors that PokerStars may return with a live series at Resort Casino.

    BetMGM iGaming hits $40 million mark again

    New Jersey Online Casinos Reported $136.7 million in the turnover for July, a 15.2% increase year by year. The BetMGM/Borgata casino brand has reached over $40 million in consecutive months.

    The company reported $42.3 million in global iGaming for the month. The site has remained No. 1 in the state for 16 consecutive months.

    Gold nugget again made a small dip but remained second with $34.5 million. Resorts took third place with $30.4 million.

    According to the NJDGE, the overall gambling revenue reported by the casino, racetracks and partners was $480.7 million for the month. Year-over-year, that’s a 6.7% increase from $450.6 million in July 2021.

    Gaming taxes account for 8% of gross taxable casino revenue and 15% of gross Internet gaming revenue.

    The US online poker market received good news on Monday with WSOP.com announcing a launch in Pennsylvania on July 12th.

    Pennsylvania Online Poker Leads the Nation

    Keystone State is the number one place in the United States for legal online poker. Pennsylvania reported another month-over-month increase in poker revenue. The sites represented $2.7 million in July, according to Pennsylvania Gaming Control Board (PGCB). The Commonwealth currently has three online poker choices:

    PokerStars is the best site in the state and has brought $1.6 million for July. WSOP.com has seen a small growth in the number of $744,141. The platform is not part of the combined New Jersey and Nevada player pool.

    WSOP.com recently announced the $400,000 Online Summer Championshipswhich also take place in Michigan in August. BetMGM came third but saw monthly growth with $383,555.

    iGaming record of $98 million reached in PA

    The PGCB launched the new financial year with impressive results iGames Numbers. The state reported $98.5 million in total gross revenue.

    The combined total state revenue generated from all forms of gambling as well as fantasy contests in July was $429 million. This is a 1.3% increase over revenue generated in July 2021.

    PA poker room tournament, mega bad beat pressure jackpot

    Pennsylvania tournament players have live picks in August. Also, Pittsburgh Rivers has a current record bad beat jackpot sitting at over $1.2 million.

    Here is an overview of the live poker rooms open in Pennsylvania that are currently open:

    • Parx Casino
    • Mohegan Sun Pocono
    • Mount Airy Casino Resort
    • Rivers Casino Philadelphia
    • Rivers Casino Pittsburgh
    • Meadows Racecourse and Casino
    • Philadelphia Live Casino
    • Wind Creek Bethlehem
    • Pittsburgh Live Casino

    Online Poker and iGaming Set Records in Michigan

    Michigan online poker continues to grow in an expanding iGaming market. According to Michigan Gaming Control Commission (MGCB), Wolverine State Online Casinos have introduced $136.9 million revenue for July, setting a new record monthly total.

    Online poker revenue is not reported separately, but shows the potential of the game in the state. The report includes the combination of poker and online games. There are now three online poker operators including:

    No official word has yet come about Michigan joining the interstate pact with Nevada, New Jersey and with 888poker in Delaware.

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    Prospects for poker in Michigan are good

    BetMGM, PokerStars and WSOP.com continue to produce strong tournaments in Michigan. Revenue numbers are also strong. Online games July gross receipts were $126.6 millionup 4.2% from the $121.5 million reported in June.

    Online poker revenue is not reported separately, so the number is reflected in the combined iGaming results. The interstate pact with Nevada and New Jersey has not yet been launched, so there remains an encircled poker market.

    BetMGM and FanDuel continue to occupy the first and second place in online games. BetMGM reported $48 million and FanDuel saw $18.5 million.

    Gaming operators generated a total of $24.9 million in tax revenue and local share for the state, including:

    • Internet gambling taxes and payments – $24.1 million
    • Internet sports betting taxes and payments – $386,187

    Several Michigan brick-and-mortar live poker rooms are open, including:

    • MGM Grand Detroit
    • Motor City Casino
    • Greek Town Casino
    • Odawa Petoskey Casino
    • Fire Keepers Casino
    • Island resort and casino

    Casinos such as Keepers of the Fire attract players to Michigan poker rooms via major tournaments. The casino recently announced a $1 million guarantee USA Poker Tour event in October.

    Delaware poker and iGaming see the best month of 2022

    In July, online poker in Delaware had its best month of 2022. The state saw month-over-month growth and reported $43,943 in July, slightly above June’s $43,121.

    For the fifth month in a row, the state reported online gaming revenue of more than $1 million. According to the Delaware Lottery, iGaming showed a network of more than $1.25 millionthe best of 2022. New player registrations also reached a new high of 1,174.

    In Delaware, 888poker operates three different skins in partnership with Delaware Racetrack Casinos, including:

    • Delaware Park
    • Bally’s Dover
    • Harrington Casino and Racecourse

    Delaware Park again took the top spot and showed its best month of 2022. The operator brought in $28,228 in July and held the top spot every month this year.

    Delaware Park is the only open live poker room in the state and currently offers player bonuses for high hands.

    Credit card balances have seen the largest increase in 20 years. Get ahead of your debts.

    Months of high prices pushed more households to charge credit card expenses, boosting the national balance by $46 billion in the second quarter of 2022.

    Compared to last year, there was a 13% increase, according to the Center for Microeconomic Data at the Federal Reserve Bank of New York.

    Although the second quarter is generally higher, this significant jump marks the largest increase in 20 years.

    While inflation has reached a 40-year high, wages have not kept pace. To make up the difference, more people are using lines of credit to fill the gap.

    Consumers fall behind on their monthly payments and in turn find themselves in debt.

    High inflation, high interest rates and low wages are an “imperfect storm,” said Jeff Arevalo, financial wellness coach at GreenPath. People who have used stimulus checks and pandemic aid to get out of debt are particularly vulnerable.

    “Clients who were debt free a year or two ago, they were able to take advantage of some of these help options, they’re in debt again,” he said.

    The Farmington Hills credit counseling service has seen a significant increase in the amount of debt among its clients. Last year, the average credit card balance was $10,000. In June, the average balance was $14,000.

    Nationally, an estimated 14 million Americans have debt of $10,000 or more, according to GOBankingRates.

    Add to that the interest rate hikes the Federal Reserve implemented this summer and customers are paying more but doing less damage to their debt, Arevalo said. At the end of July, BankRate reported that the average interest rate on a credit card balance was 17.25%.

    “Ultimately, people who hold these debt balances will pay more interest in the long run,” he said. “Unfortunately, if consumers don’t really get this under control or reduce their sales to counter this, they’re going to feel this pressure.”

    Here’s what financial advisors advise for paying down debt and budgeting for inflation.

    Have a responsible partner

    Financial wellness is about progress, not perfection, said Todd Mora, program director at Western Michigan University Sanford Center for Financial Wellness and Planning.

    “Like losing weight or training for certain types of sporting events like a marathon, it’s more about the progress you’re making on a regular basis than that absolute goal,” he said.

    Debt repayment and budgeting are rooted in changing habits. Mora adds that most people are motivated to avoid a loss rather than seek a gain.

    This doesn’t mean punishing yourself for spending too much of a week – Mora strongly advises against this as it’s more likely to derail you – but rather putting an accountability plan in place.

    Mora finds it more effective to have a partner. Think of it as a gym buddy but for your wallet.

    This responsible partner is not there to harass you. Mora said clients are successful when they write down goals and share them with their partner. If he doesn’t achieve his goal, then the client must do something he considers a loss, such as cleaning his partner’s bathroom or cooking him dinner.

    Beware of “buy now, pay later” options

    While shopping online, you may have noticed that companies like Afterpay, Klarna, and Affirm will pop up and ask if you want to pay in installments. If you already have an outstanding balance following you, be wary of these payment plans, Arevalo said.

    Often, Arevalo customers miss these payments or do not meet them within a specified time, then incur late fees or deferred interest.

    According to a survey by LendingTree, more than 40% of Americans who take out a loan now, repay later have made a late payment.

    LendingTree called it a “gateway to overspending” after survey results revealed nearly 70% of users admit to spending more than they would if they had to pay for everything upfront.

    “If the budget was not really able to support [the purchase] right off the bat, what you do is push things further or kick things that can go forward,” Arevalo said. “It’s just sort of adding on to your existing debt with really no plan to address it.”

    Read the fine print

    Debt consolidation loans are also growing in popularity. Although they may succeed, they give Mora a break.

    “There are a lot of ads on social media [saying] “Oh, debt consolidation will solve your problem,” he said. “The reality is that the reason there are so many of these ads is because it’s very profitable.”

    Typical interest rates on debt consolidation loans range from around 6% to 36%, according to August data from NerdWallet. To get this low rate, you will need a credit score of 720 or higher.

    Mora wouldn’t completely rule out consolidation, especially if the loan rate is lower than what your credit card charges. But it comes down to habit, he says.

    “What often happens is people do debt consolidation, and they take three credit cards and other debts, they consolidate into one loan, and then they walk away and they get another credit card.” , did he declare. said. “They haven’t really fixed the core problem.”

    Transferring balances from one credit card to another should also be done with caution. Mora directs clients to find the Schumer box which must disclose fees, interest rates and other key financing points.

    Mora said customers need to understand how the interest rate is structured. Ask questions like is there an introductory fee or a flat fee? Is it a fee or a tariff?

    If you’re paying off a credit card balance using the minimum payment each month, be sure to calculate how long it will take.

    “Debt is a fixed expense. This means that you are going to have to pay something. And as your fixed expenses increase, you run into the problem of less flexibility in your budget,” Mora said.

    Debt counseling services like GreenPath and the Sanford Center are free resources that offer phone, online, and in-person options.

    This story is part of MLive’s Wallet Watch series focusing on current economic issues. Do you have a wallet watch suggestion? Email us at [email protected]

    Learn more about MLive:

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    Canceled flight ? Here’s how you can fly through the chaos of the airport.

    Michigan travel influencers share their budget tips for making travel inflation-proof

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    9 States with the Most Credit Card Debt

    Pintau Studio / Shutterstock.com

    For millions of Americans, credit card debt is a reality. Although many of us made good progress in paying off our debts at the start of the pandemic, we started spending with a vengeance again.

    In fact, Americans now owe over $1 trillion in credit card debt, according to WalletHub. The website recently analyzed figures from credit reporting company TransUnion to reveal the states where residents have accumulated most and least credit card debt.

    To determine which states have the “least and longest lasting credit card debt,” WalletHub considered a state’s median debt, the cost of paying off that debt, and the time it would take to clear. debt. He assumed the debt had an APR of 16.7% and used the median monthly state credit card payment to calculate the repayment cost and repayment period.

    Here is the list of states where credit card borrowers are most likely to have trouble getting out of the red.

    1.Alaska

    Andrea Izzotti / Shutterstock.com

    Median credit card debt: $3,206
    Cost to be reimbursed: $392
    Repayment period : 17 months and 27 days

    The Last Frontier finishes first among states where credit card borrowers are deepest in the knuckle.

    If you’re struggling to pay your credit card bills, stop by Money Talks News Solutions Center and find help from a credit card debt expert.

    2. District of Colombia

    United States Capitol
    Orhan Cam / Shutterstock.com

    Median credit card debt: $2,788
    Cost to be reimbursed: $328
    Repayment period : 17 months and 3 days

    The nation’s capital is known as the place where America’s deep debts are created. Citizens of the District of Columbia seem to be following their government’s lead when it comes to raising the bill.

    Need some inspiration to deal with your debts? Read “How I Zerod $25,000 in Credit Card Debt”.

    3. Washington State

    Grays Harbor Marina, Washington
    Bill Perry / Shutterstock.com

    Median credit card debt: $2,471
    Cost to be reimbursed: $249
    Repayment period : 14 months and 21 days

    The other Washington — the Pacific Northwest state — isn’t shy about going into plastic debt either.

    Money Talks News founder Stacy Johnson offers great tips for getting back into the black and staying there in her podcast “How to Destroy Your Debt and 3 Things to Do Next.”

    The rest of the top 10

    Syed Bilal Javaid / Shutterstock.com

    Other states that made this ignominious list include:

    • Vermont
    • Wyoming
    • Oregon
    • Montana
    • New Hampshire
    • Massachusetts
    • Colorado

    To pay off the median debt in these states will take residents 13 months or more.

    Disclosure: The information you read here is always objective. However, we sometimes receive compensation when you click on links in our stories.

    3 ways to consolidate credit card debt

    Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

    Paying off credit card debt can be accomplished through one of three credit consolidation methods: balance transfers, home equity, and personal loans. (Shutterstock)

    Credit cards can be useful financial tools. Unfortunately, they can also create financial hardship if you don’t pay off your balances on time. Americans paid about $120 billion in credit card interest and fees from 2018 to 2020, or an average of about $1,000 a year for each household, according to the Consumer Financial Protection Bureau (CFPB).

    With 83% of adults holding at least one credit card and most having an average of 3.84 credit card accounts, it’s easy to see how people are racking up debt. If you transfer credit card balances from month to month, these three credit card consolidation strategies can help you save money and pay off debt faster.

    A personal loan is a way to consolidate credit card debt. Credible, it’s easy to view your prequalified personal loan rates from various lenders, all in one place.

    1. Refinance with a balance transfer credit card

    Although it may seem contradictory, you can use a credit card to help pay off your credit card debt. A balance transfer credit card lets you consolidate your existing credit card debt onto one new credit card.

    Refinancing with a balance transfer credit card can be one of the the cheapest ways to pay off credit card debt if used effectively. Many credit card companies offer incentives for opening a balance transfer credit card, such as a 0% introductory APR on balance transfers for a certain period of time. This allows you to pay off your credit card debt with one monthly payment without accruing more interest.

    But you usually need great credit to qualify for a card with a 0% APR offer, and you’ll only get that incentive for a limited time. If you still have a balance at the end of the promotional period, you will start earning interest at the card’s regular rate, which may be high. You may also be subject to balance transfer fees, which typically range from 3% to 5% of each balance you transfer.

    Talk to your credit card issuers about ways you can negotiate your credit card debt before removing a new card. But be aware that paying less than you owe on your credit cards or any other type of debt can hurt your credit.

    2. Take out a debt consolidation loan

    A debt consolidation loan is an unsecured personal loan that you can use to consolidate multiple sources of high-interest debt, such as credit cards. These loans usually have a fixed interest rate, do not require collateral and come with fixed monthly payments. They can also help boost your credit score by reducing your credit usage and adding to your credit mix (the different types of credit products you have).

    If you have good credit, you may be able to get a lower interest rate on a debt consolidation loan than what you were paying on your credit cards. The better your credit, the lower the rate you will receive.

    But you may need to pay some fees when you subscribe a debt consolidation loansuch as origination fees for processing the loan or prepayment penalties for repaying the loan earlier than expected.

    Consolidating several monthly payments into one payment can help you better manage your debt. Follow these steps to remove a debt consolidation loan:

    1. Check your credit. Request free copies of your credit reports from the three major credit bureaus by visiting AnnualCreditReport.com. Dispute any errors in your credit report and consider raising your credit score before applying for a loan if it can get you better terms.
    2. Shop and compare. Compare debt consolidation loan rates from several lenders, both online and at your bank or credit union. By comparing their interest rates, terms, fees, and other factors, you can choose the loan that offers the most benefit for your unique situation.
    3. Apply. Once you’ve chosen a lender that works for you, it’s time to officially apply for the loan. You will need to provide documents to verify your employment and income, such as pay stubs and W-2 forms. If you’re having trouble qualifying for a debt consolidation loan on your own, explore adding a co-signer to your application. This can increase your chances of approval and help you get a better interest rate. Keep in mind that using a cosigner financially obligates them to repay the loan if you don’t. Any missed payments will also negatively affect their credit.

    Credible, it’s easy to compare personal loan rates from various lenders, and it will not affect your credit.

    3. Use the equity in your home

    You also have the option of using the equity in your home to pay off your credit card debt. You can do this in two ways: through a home equity loan or a home equity line of credit (HELOC).

    • A home equity loan is often called a second mortgage which allows you to borrow up to 80% of the equity in your home. Home equity loans usually have fixed interest rates and must be repaid within a predetermined time frame. This loan is secured by your home, which means that if you don’t pay it back, your lender can foreclose on your home.
    • A HELOC is similar to a credit card: you can draw on this revolving line of credit several times up to a certain amount. Like home equity loans, this financing is secured by your home, which means you could lose your home if you don’t pay off the line of credit. Unlike home equity loans, HELOCs often have varying interest rates and payment schedules, so it’s more difficult to plan a consistent repayment schedule.

    The CFPB notes that while using the equity in your home is one way to consolidate your debt, many people are not able to reduce their overall debt by taking on more debt unless they also reduce their overall spending. .

    Ways to Stay Debt Free

    Effectively managing your debt is the first step to avoid going into debt in the future. Here are some ways to help you stay debt-free in the future:

    • Create a budget. Write down all your monthly expenses and subtract that amount from your gross monthly income. This will give you an idea of ​​where your money is going. Look for other savings opportunities or places where you can cut back to save even more. Review your budget periodically to see if you need to make any changes to stay on track.
    • Focus on building your savings. Try to save three to six months of living expenses in an emergency fund. If you have an unexpected expense in the future, you can use money from your emergency fund to cover it instead of charging additional credit card debt. Consider asking for a raise at work or taking on a side hustle to help you save even faster.
    • Consider nonprofit credit counseling. A non-profit credit counselor can talk to you about your financial situation. They will help you develop a personalized plan and give you tools to avoid getting into debt. Free or low-cost counseling services are available from many credit unions, nonprofits, and religious organizations. You can also contact your local attorney general to find reputable credit counselors where you live.

    Video Review: Microgaming’s Wolf Call

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    August 11, 2022






    The admiring whistle The online slot is a five reel, four row game with 1,024 paylines from Microgaming. This game has a bonus round and bonus rounds, wild and scatter symbols, as well as multipliers and several jackpots. This medium volatility game comes with the Power Range feature and a return to player of over 96%. Moreover, you can also take the Wolf Call slot with you on your mobile.

    Answer the call of the wolf with 1,024 ways to win in this howling, action-packed adventure full of jackpots, Power Range, Multiplier Wilds and Bonus Spins. In the base game, the power range covers the middle two positions on reels 2-4. When a wild lands in power range, it awards a 2x wild multiplier that applies to all wins. There are also Diamond jackpots to be won as you hunt for even more Power Range prizes in the bonus rounds.

    The power range is the blue rectangle that you can see in the middle of the game grid. Wild cards that land inside the power range receive a win multiplier. In the base game, this is a 2x multiplier. In Free Spins, the Power Reel expands to cover all positions on the middle three reels and can create win multipliers of 2x, 3x or 5x.

    Each time a wild symbol lands in the base game, it is collected by the Diamond Meter. When the meter is filled, the Diamond Jackpot feature is triggered. The screen is covered in diamonds and players click on them to reveal yellow, red, purple or green diamonds. When 3 matching diamonds have been revealed, the corresponding jackpot is awarded. These are the green, purple, red or orange jackpots worth 20x, 50x, 200x or 5,000x the bet.

    Moving on to the paytable, we find a mix of low value 9-A card ranks and premium animals. These are eagles, deer, cougars, bears and wolves. Hitting five low wins results in a win worth 1 times the stake, while the bonuses range from 2.5 to 10 times your stake. The diamond symbol is a wild, replacing any normal payout symbol and also linked to a few features.





    Increase in credit card spending for essentials

    Billpayers struggling to cover their cost of living are turning to credit cards, with spending up 7.7% in July from the same month a year earlier. Here’s how to control your credit card spending.

    Barclaycard analysis found spending on credit cards was also up 1.6% from June as shoppers bought clothes and beauty products and services ahead of planned summer vacation stays .

    However, spending on overseas travel and restaurant food and drink has started to fall, with Barclaycard suggesting this is due to the need to offset higher spending as disposable income falls and wages grow continues to be overtaken by inflation.

    Credit card spending on essentials rose 7% year-on-year, largely due to higher fuel and supermarket prices, said Barclaycard – which accounts for almost half of credit card transactions. country’s credit and debit. He said rising gasoline prices led to a 29.9% increase in fuel spending.

    Additionally, nine in 10 Britons told Barclaycard they had noticed the cost of everyday items, including butter and milk, had risen just four weeks ago. Perhaps reflecting this, shoppers have reduced their weekly purchases, with the average value of a supermarket transaction falling from £23.67 in January 2021 to £19.33 in July 2022.

    June data from the Bank of England backs up increased credit card spending, showing people borrowed an extra £1.8bn this month, including £1bn of new loans on credit card.

    Analysis by the Office for National Statistics showed that it is middle-income people who stick more to their credit cards, with 23% of those earning between £15,000 and £30,000 borrowing more.

    Those with very low incomes don’t even make it. ONS records have revealed that one in 20 people earning less than £15,000 are behind on their energy bills and a similar number are behind on their mortgages or rent.

    James Gibson, insolvency practitioner at the Debt Support Centre, said: ‘Thousands of Britons are struggling to make ends meet and are turning to their credit cards for help, with more than 92% of Debt Support Center customers in 2021 in credit card debt.

    “When dealing with our customers’ credit card debt, we’ve found that preparation plays a vital role in helping them afford the essentials while still having enough money to deal with their credit card debt. .”

    Even savers suffer

    Meanwhile, Sarah Coles, senior personal finance analyst at Hargreaves Lansdown, said her recent research suggests the proportion of middle-income people with enough savings to be resilient will fall below 50% over the next 12 coming months.

    “Those at the lower end of the middle income scale are the hardest hit. They will see the biggest drop of all among those with sufficient savings – from 52% to 42%,” she said.

    “On the other hand, it could be worse. Low-income people will start with lower levels of savings and end up with less: only 30% of the lowest earning fifth have enough savings now, and only one in four will have enough in a year.

    Control your credit card spending

    James Gibson of the Debt Support Center shares his tips for dealing with credit card debt:

    Budget

    A good first step might be a budget review. An easy way to identify how much money you can allocate to credit card debt is to categorize your spending into essentials and luxuries. Expenses that you consider “luxury” are usually the first payments you might consider reducing. From there, you can then look at your “essential” expenses such as food purchases and energy bills to see if there are any other cost-cutting changes you can make here.

    It’s also a good idea to know when payments are due and how much you need to set aside to make sure your credit card gets paid on time. Once you understand your budget and try to save money, you can save money and spend it paying off your credit cards.

    Try to repay more than the minimum

    People want to be able to balance the need to save money and not go into debt with enough income to enjoy life, so they often only pay the minimum each month. However, this strategy means that you could take decades to clear your debt, as most of your repayment will earn interest each month.

    Try breaking down the total debt into monthly installments and set up a direct debit to make it easier to manage your finances. If that’s not possible due to the rising cost of living, try switching to another credit card so you have a window of time without interest charges.

    To change

    With the recent increase in global prices, it’s worth checking out a comparison website to see if you can get a better deal to reduce your credit card debt. Many banks offer free money, rewards, and other perks to new customers who switch accounts. This may cover some refunds to your old credit card.

    Do your best to research properly and make sure it’s the right decision to make before taking drastic action. You don’t want to pay higher interest and fees once you’ve switched to another bank or provider – check to see if they have a lower interest rate or a better annual offer. The best option is usually to get a 0% balance transfer credit card, which lowers the interest you pay for up to two years.

    Acquire help

    If you have several credit card debts, several debt solutions may be available to you.

    One option is a debt consolidation loan, which pays off all your debts leaving you with just one payment. Some consolidation loans can be repaid over long periods, which means you can pay lower monthly payments over a longer period to increase your disposable income. However, it is important to note that a consolidation loan is only a good option for you if the interest and fees are lower than what you are currently paying on your existing debts.

    Pay off the most expensive card first

    Avoid taking more credit if you can. Attempting to take out more credit could make your financial situation much more stressful. You should try to get your current debt back before you consider increasing your current level of debt. If you are having difficulty, we recommend that you speak to a professional financial adviser for advice tailored to your needs.

    I’m a credit card expert – how to avoid getting stung by rising interest rates

    THE Bank of England last week raised interest rates to 1.75%, the biggest rise in 27 years – but what does that mean for your credit card debt?

    Millions of people struggling with the cost of living crisis may be tempted to take on more debt to cover the cost of essentials – but it’s important to understand how rising rates could affect you.

    1

    Understanding what you owe is the first stepCredit: Getty

    Generally, credit card interest rates are variable, meaning they go up and down – but they are usually not tied to the base rate set by the Bank of England.

    However, credit card rates have been rising over the past few months and may well rise as interest rates rise.

    This means you could end up paying more if the interest on your card goes up.

    The ideal way to use a credit card is to pay the balance in full each month, because that way you don’t start paying interest – but that’s not always possible.

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    But Francesca from the budgeting and debt blog The silver fox said getting a handle on your credit cards now could help you figure out where you could save money.

    Here are his top tips for managing your credit card:

    Know where you are

    First, you need to make a list of all your debts and understand the interest rate you are paying – are the rates fixed or variable?

    “It’s important to know where you are right now so you can figure out if there’s action you need to take,” Francesca said.

    This exercise doesn’t have to be complicated – take all the cards out of your purse and write on a piece of paper how much you owe on each, what the interest rate is, and when that rate expires.

    Then you’ll know what you’re dealing with, even if it seems overwhelming at first.

    Consider Balance Transfer

    If you have a credit card with a high interest rate, it may be worth seeing if you can transfer the debt to another card with a better rate.

    A 0% Balance Transfer Agreement means you pay no interest on money you owe for a set period of time.

    This will help you pay off your debt faster because any repayments you make will reduce the amount of debt, rather than just paying off the interest.

    But these cards sometimes charge a fee to move your debt, so you need to read the fine print.

    “Check the conditions on these maps before you start,” Francesca said.

    She recommended using MoneySavingExpert’s online tool to check if you are eligible for a card before applying as well.

    Currently, NatWest, Sainsbury’s Bank and Santander all offer a 0% balance transfer card free of charge, allowing you to hold your debt on that card for 21 or 22 months, depending on which provider you choose.

    Choose what you pay

    If you can afford it, it’s worth trying to clear some of your credit card debt so you don’t get hit with higher interest rates if your provider chooses to raise them.

    It’s worth figuring out which debt to pay off first, but it depends on your situation and the different offers you have on different cards.

    “You might want to go for the higher interest rate to save money by paying more interest, or you want to go for the lower debt to make it disappear,” Francesca said.

    Even if you can’t afford to pay the full amount, repay more than the minimum payments each month if you can afford it.

    This lowers your overall cost because you won’t be paying interest on the debt for as many months.

    Establishing a budget for your overall expenses is the best way to determine how much you can afford.

    Consolidate your debt

    Credit card debt consolidation consists of consolidating your existing debts onto a single credit card.

    This can help simplify your repayments and make your debts more manageable because you only have one monthly payment to make.

    But there could be a one-time transfer fee to transfer the debt to a balance transfer card, and you could face a high interest rate after the low or 0% introductory period ends.

    Be warned – if you miss refunds, you could be hit with penalties or lose the 0% offer, which means you could end up in a worse position than you started out in the end.

    And interest rates could be high if you use the card for new expenses.

    “You can consider consolidation, but there are pros and cons.

    “Be sure to do your research and seek advice,” Francesca said.

    Ask for help

    Francesca said hiding your head in the sand about credit card debt won’t help you, even though dealing with the problem is scary.

    This is really important if you’re struggling to pay the minimum amount on your credit cards that you tell your lender because they’ll probably be able to help you out.

    Francesca said: “Talk to your lenders and explain your situation.

    “See if they are willing to freeze your interest or reduce it.”

    Providers should work with you to offer an affordable payment plan if you’re struggling to get your debts under control.

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    You can also use the Breathing Space program – it saves you from paying interest or penalties for 60 days to help you get back on track.

    You can also contact organizations such as Stage change Where Advice to citizens who will help you for free.

    Boston treasurer pushes to legalize online lottery

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    Massachusetts Treasurer Deborah Goldberg has called for iLottery to be adopted by the state legislature alongside online sports betting.

    A few weeks ago, it became apparent that the state legislature was ready to legalize online sports betting as part of its latest economic development bill.

    In a recent draft, iLottery also appeared to be included, but concerns have grown over a potential $3 billion in tax relief funds that the law will require from these new verticals.

    Problems have arisen over how to separate fiscal funds between verticals, which as of July 31 means no final economic development bill has been produced.

    Therefore, while online sports betting remains a guarantee, iLottery does not. Goldberg, however, hopes iLottery can become legal in the Bay State.

    She says: “I am pleased that the Legislature explored new ways to generate sustainable revenue for the state this session. With sports betting coming online, I hope to work with the legislature to keep the lottery harmless.

    “If members return this fall to finalize the economic development bill, I encourage them to allow the lottery to offer products online. We are ready to build a safe and reliable iLottery with the ability to generate significant additional dollars for the state, perhaps even exceeding sports betting revenue.

    Massachusetts House and Senate leaders still plan to work through lingering issues with spending and policy initiatives throughout the year, in what appears to be a slow and drawn-out process for the state of the Bay.

    Argentinian Online Poker Player Wins ACR’s $10 Million Guaranteed Venom Event

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    Americas Cardroom has put an ambitious $10 million guarantee on their latest Venom online poker event, and it paid off with 4,017 entries over five tee flights.

    The final prize pool was $10,042,500, making the tournament RCAis the greatest of all time. The record-breaking event took place during the site’s 21st anniversary celebration, which will run through October.

    After eight days of action, it was the Argentinian ‘manuma29’ who dragged the last pot, scoring the Venom title and first prize of $1,169,951.

    Incredibly, ‘manuma29’ secured the victory by making a royal flush in the final heads-up hand against runner-up ‘G26’. All the money went preflop with ‘G26’ holding AHeart Suit 8Club Suit against AClub Suit QClub Suit. The board missed ADiamond Suit KClub Suit tenClub Suit JClub Suit ASpades Suit and ‘manuma29’ was crowned champion.

    The final table also included players from Brazil, India and the United States. American poker pro Andrew Moreno won $633,681 for finishing third, playing as ‘Amo4sho’.

    Moreno is having a great year, having won a Venetian DeepStack event for $242,293 and finished second in Wynn Summer Classic for another $460,529. In 2021, he won the Wynn Millions for $1,460,106.

    Stephen Sweatt took fourth place with ‘KODA410’, Colton Blomberg finished fifth with ‘CBALLBOY‘, and Anuj Yadav took seventh place with ‘brockLesnar95’.

    You can watch a replay of the final table on Twitch with commentary from RCA ambassadors Justin Kelly, Michael Loncar and Chris Moneymaker.

    Final Table Results

    1 manuma29 $1,169,951
    2 G26 $879,723
    3 Amo4sho $633,681
    4 KODA420 $391,657
    5 CBALLBOY $219,930
    6 br3ak_th3_b4nk $118,501
    seven brockLesnar95 $94,399.50

    If you have not yet joined Americas Cardroom, you should register today.

    New depositors can benefit from the generous bonus of 100%, up to $2,000.

    Why wait? Sign up, use code CPNEW to make your initial deposit and claim your bonuses today.

    Online poker in Ontario

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    Updated:
    August 9, 2022

    Ontario has become the first province to legalize and regulate online poker on April 4, 2022. Since then it has attracted some of the biggest names in mobile poker. 888Poker, BetMGM and PartyPoker are just a few of Ontario’s notable online poker sites.

    Ontario’s regulated market ensures that online poker players can play in a safe environment. It also requires operators to obtain a license so that only approved poker sites in Canada are legal. You can find out more about Online Poker Ontario below, including market updates, key regulatory points, legal sites and more.

    Latest Ontario Online Poker Updates

    The ON online gaming market is still in its infancy. The Alcohol and Gaming Commission of Ontario (AGCO), the province’s primary gaming regulator, is monitoring the current situation. That said, Ontario players will see many changes in the future. Here is what has happened so far at the time of writing:

    Ontario-licensed online casinos, poker sites and sportsbooks have been legal since April 4, 2022.

    888Poker, BetMGM and PartyPoker are licensed in the province.

    BetMGM and PartyPoker form the main online poker network in the province (average of 140 paying players per hour).

    You can check our Canadian gambling page Gambling.com for future updates on the Ontario market.

    Ontario Regulated Online Poker

    Heartland Province once had an unregulated (aka “grey”) online gambling market like the rest of Canada. It did not include any law legalizing or criminalizing mobile poker. As a result, online poker operators catered to Canadian players with no regulations or rules.

    The provincial legislature, however, changed the market when it passed C-218 in June 2021. C-218 legalized and regulated online poker sites in Ontario. Now, online operators need a license and prior express written permission to serve Ontarians.

    The new market separates Ontario’s online poker games from the rest of the world. Therefore, the The ON online poker community is limited to the province’s 14.6 million residents. The good news, however, is that Ontario customers can play poker in the country’s largest province.

    Legal History of Ontario Online Poker

    Again, Ontario had a gray market and did not regulate online poker apps. This however changed when the province legalized online gambling in 2021. Legal online sports betting, poker and casino gambling in Ontario went live on April 4, 2022. Some online poker sites in Ontario were launched on or around this opening date.

    You can see a quick timeline of the events leading up to ON legal real money online poker below:

    Ontario Online Poker Timeline:

    The Ontario Senate passes C-218, which officially creates Ontario’s legal online gambling market. Specifically, online casinos, poker rooms and sports betting become legal.

    The AGCO creates the iGaming Ontario subsidiary to help manage the province’s regulated market.

    Ontario Lottery and Gaming Corporation launches Proline+, Canada’s first legal single-game betting site.

    Official launch date of legal ON game sites (in addition to Proline+). 888poker becomes the first legal poker site in Ontario to go live.

    BetMGM becomes the second ON-regulated online poker site to launch.

    PartyPoker ON becomes the province’s third poker client to launch.

    Ontario Land-based Poker Rooms

    Much of the Ontario news is about the game of online poker. But while playing online poker in Ontario is definitely trending, the province’s land-based scene is still just as popular.

    Toronto is undoubtedly the king of ON’s live poker rooms. It includes the popular Aces Club, Toronto Poker Tournament and Toronto Poker Game rooms. Windsor is also a hotspot for cash games and land-based tournaments. Caesars Windsor even hosts World Series of Poker events.

    Ontario Poker Operators

    BetMGM Poker Ontario

    • 📅 Tournaments: $215 per week on Sunday, rounds (lottery SNG)
    • 🃏 Types of poker games: Texas Hold’em, Omaha, Seven Card Stud
    • 📱 Mobile poker app: Yes
    • ⚖️ Platform: partypoker

    888Poker Quebec

    • 📅 Tournaments: Double or Nothing, Progressive Knockouts (PKO)
    • 🃏 Types of poker games: Hold’em, Omaha, Stud
    • 📱 Mobile poker app: Yes
    • ⚖️ Platform: 888

    PartyPoker Ontario

    • 📅 Tournaments: $215 per week on Sunday, $535 high roller, Spins (lottery SNG)
    • 🃏 Types of poker games: Hold’em, Omaha, Stud
    • 📱 Mobile poker app: Yes
    • ⚖️ Platform: partypoker

    Poker Games Available in Ontario

    The The best online poker sites excel in offering a variety of cash games. Poker sites in Ontario do a decent job of offering different game variations. The collective market offers Texas hold’em, Hi-Lo and pot-limit Omaha, as well as seven-card stud.

    You can enjoy hold’em and stud as limit and no-limit games. No other games are currently available in the Heartland Province. That could change, however, if more ON residents and visitors start playing poker.

    Ontario Online Poker Rooms

    This province currently has three poker sites in 888, BetMGM and Party. Each online poker site is available to Ontario residents and visitors. These rooms are committed to ensuring that players can play in a responsible, regulated and safe manner.

    Operators must also ensure that they only serve adults physically located within Ontario’s borders. To do this, they use geolocation software similar to online casino tools and sports betting state trackers. Geolocation ensures that only those within the province can enjoy real money games.

    Ontario Poker Tournaments

    Online operators are still groping the market. As a result, ON poker sites are slowly adding big tournaments to their schedule. BetMGM Poker, for example, has a big weekly event on Sundays for $215 buy-in.

    Deposit and Withdrawal at Ontario Poker Sites

    Ontario poker players can fund their real money poker accounts through a variety of payment methods. Common banking options available here include:

    Deposits

    • Interac
    • MasterCard
    • Neteller
    • Online banking
    • Play+ card
    • Skrill
    • Visa

    Withdrawals

    • Interac
    • Neteller
    • Online banking
    • Play+ card
    • Skrill

    Strategy and tips

    FAQs


    Yes, online poker ON became legal on April 4, 2022, along with casino games and sports betting. It’s legal and regulated by C-218, which was passed by the Legislature in June 2021. As a result, Ontario players can legally enjoy top online casinos, poker rooms, and sportsbooks.

    The legal gambling age in Ontario is 19. Therefore, you must be at least 19 years old to play online poker in the Heartland Province. Poker sites may require additional identification during deposits and/or withdrawals to verify your age.

    Yes, you can legally play online poker in Ontario. However, you must meet geolocation and age requirements. As for the geolocation, you must be within the borders of the province. Minimum ON play age is 19+.

    You can start playing poker online by making sure you are in the province. According to Ontario authorities, poker sites can only serve those within the borders of the ON. Then you visit an Ontario licensed poker site and then register and deposit. You will then be ready to play in ring games and tournaments.

    PartyPoker, BetMGM and 888Poker are currently the only online poker sites available on the ON market. These operators each went through an extensive licensing process to gain approval. You can feel confident playing an Ontario licensed product.

    The Ontario online poker market currently offers Texas Hold’em, Omaha and Stud. Omaha is available in Hi-Lo and pot-limit formats. Hold’em and Stud, on the other hand, are available in limit and no-limit formats.

    Yes, you can win money at Ontario mobile poker sites. All you need to do is deposit at a licensed poker site to get started. Common deposit methods include Visa, Mastercard, Neteller, Skrill, Interac, Play+ Card and online banking.

    Credit card debt is skyrocketing, three strategies to reduce it and avoid high interest

    Everything is growing these days. as well as loans and some of them, like credit cards, are the most expensiveHaving a strategy to eliminate them should be a priority in personal or family finances right now.

    “It sounds obvious and easier said than done, but you need to pay off card debt as soon as possible,” advises expert (Associated Press/Keith Sarkosik, FILE)

    The New York Federal Reserve Center for Studies, in its report for the second quarter of the year, calculated that Americans owed $16.15 trillion, up 2% from the first quarter of the year.

    In total, there are two trillion dollars more in circulation at the end of 2019 than before the pandemic.

    To a large extent, the increase is “due to higher prices,” as the Federal Reserve noted on its blog. In fact, the effects of inflation are being felt in credit card balances which increased by $46,000 million in the quarter, the largest increase since 1999 and coincided with the sharp reduction in mortgage refinancing with which many family funders charge.

    For the moment, there are no signs of delinquency, but the weight of this debt is enormous, especially in an environment of rising interest rates.

    “It sounds obvious and easier said than done, but you need to pay off your card debt ASAP”Recommends Ted Rossman, Principal Analyst at Bankrate.com. “There are a lot of trends converging: rising interest rates, rising inflation and more debt on the cards, something that’s hard to get out of.”

    interest more expensive than fees

    Rossman explains that Rising interest rates show how expensive this loan is. At Bankrate, they calculate that the average rate on card balances is 17.35% and according to credit agency TransUnion, the average balance is $5,010. “If only the minimum payment is made with these parameters, the loan will be for 187 months (over 15 years) and $5,924 will be paid in interest only. This is more than the initial loan costs themselves.

    Every increase in interest rates increases the timing of monthly interest charges, which Rossman calls “brutal” math.

    Its purpose is to reset the balance to zero. It is a difficult task, but some tools can be considered and used at the same time.

    • Card balance transfers which are usually offered by banks to attract new customers and have 0% APR (interest) for up to 21 months.

    • Card debt consolidation with personal loans that can currently be 6% (significantly lower than the fees charged by card issuers) for six years.

    • Advice and planning from advisors from non-profit organizations such as Money Management International.

    check options

    In case of balance transfer, you should have a commission which can be 3% or 5%. However, the possibility of non-payment of interest generally compensates if this card is not used to add a new loan, since simple interest is normally charged on it, which also defeats the purpose of the set of deductions. given.

    From an economic point of view, the objective is to reduce the balance of the card to zero.  It's a daunting task, but there are tools you can consider and use to prevent debt from spiraling out of control and hurting your finances (Picture: Getty)

    From an economic point of view, the objective is to reduce the balance of the card to zero. It’s a daunting task, but there are tools you can consider and use to prevent debt from spiraling out of control and hurting your finances (Picture: Getty)

    Opening a new card may hurt your credit score a bit more for a while, but if you don’t have a line of credit, a high balance can lower it a bit more. Remember that it is advisable to use 30% of the credit line so as not to hurt the score.

    Rossman explains that the bank recognizes that this is a marketing strategy to attract new customers and that it is known that half of the transferred balance is not paid within the stipulated time, so customers will be billed for this loophole in the tariffs. facing growth again. This discount rate analyst gives advice Divide the balance by the given number of months and attempt to pay the resulting amount Or at least the closest to it on an ongoing basis to avoid reaching the end of the offer with a loan. You never get out of a hole with a minimum monthly payment.

    It’s not out of the question, although it shouldn’t be a habit, to do another balance transfer if you get the chance. Some banks offer this to certain customers and not just new customers.

    Although this first strategy is the most appropriate because it is practically free, in the event of large or non-repayable debts on time, the personal loan is an option to consider, although the interest rate will depend on the credit rating.

    Nonprofit counseling is one of Rossman’s best outlets because it offers similar terms to personal loans, doesn’t require a great credit score, and offers assistance during the process. Of course, the card must be deactivated as a bet.

    Prioritize, repay a debt or save?

    The Federal Reserve will raise interest rates to reduce inflation and keep the economy cool. The possibility of a recession is real and you need to prepare for it. Personal finance experts estimate that you will need to save around six months of living expenses. This is a very difficult goal and even more so if you also have expensive debts.

    “You can’t save everything and have huge credit card debt because it’s too expensive, but you don’t want to use every dollar to pay back what you earn because you’re not in a good position to have savings.” and an unavoidable expense,” says Rossman. Faced with the dilemma of balancing or reducing savings, this expert affirms that an intermediate position is appropriate at this time and works on both the objectives simultaneously with the budget in which one seeks to save expenses, even temporarily .

    You may also be interested. On video

    What is inflation and deflation? Practical guide to value for your money

    Latest Trends, Demand and Advancement by Top Key Players – 888 Poker, Playtika, Youda Games, Tapinator, Zynga, Appeak, Suprema Poker – Shanghaiist

    0

    The Online poker games market The report is the most important research for who is looking for comprehensive information about the online poker games market. The report covers all global and regional market information, including historical and future trends for market demand, size, trade, supply, competitors and prices, as well as information on major global suppliers. Market forecast information, SWOT analysis, Online Poker Game market scenario and feasibility study are the vital aspects analyzed in this report.

    Get a sample copy of this report:

    https://www.marketintelligencedata.com/reports/3111573/global-online-poker-game-market-research-report-2022/inquiry?mode=700

    Main leading companies of the global online poker games market are 888 Poker, Playtika, Youda Games, Tapinator, Zynga, Appeak, Suprema Poker, Gazeus Games, Octro, Bwin, Microgaming, Betconstruct, GammaStack, Softgamings, SBTech, EveryMatrix, Scientific Games, Evolution Gaming, NetEnt, BetSoft, Tencent, Boyaa Interactive

    Market overview:

    By types:

    texas-holdem

    Omaha

    AoF

    5 card draw

    7 Card Stud

    Pineapple

    Others

    By request:

    Gambling

    Entertainment

    Regions Covered in Global Online Poker Games Market:

    -The online poker game market in South America covers Colombia, Brazil and Argentina.

    -The online poker games market in North America covers Canada, the United States and Mexico.

    -The European online poker games market covers the UK, France, Italy, Germany and Russia.

    -The Middle East and Africa online poker game market covers the United Arab Emirates, Saudi Arabia, Egypt, Nigeria and South Africa.

    -The Asia-Pacific online poker game market covers Korea, Japan, China, Southeast Asia and India.

    Explore the full report with detailed table of contents here:

    https://www.marketintelligencedata.com/reports/3111573/global-online-poker-game-market-research-report-2022?mode=700

    Crucial TOC Elements of Global Online Poker Games Market:

    Chapter 1: Overview of the online poker games market
    Chapter 2: Global Online Poker Games Market Competition, Profiles/Analysis, Strategies
    Chapter 3: Global Online Poker Games Capacity, Production, Revenue (Value) by Region (2018-2022)
    Chapter 4: Global Online Poker Games Supply (Production), Consumption, Export, Import by Region (2018-2022)
    Chapter 5: Regional Highlights of Global Online Poker Games Market
    Chapter 6: Industrial Chain, Sourcing Strategy and Downstream Buyers
    Chapter 7: Marketing Strategy Analysis, Distributors/Traders
    Chapter 8: Market Effect Factor Analysis
    Chapter 9: Market decisions for the current scenario
    Chapter 10: Global Online Poker Games Market Forecast (2022-2028)
    Chapter 11: Case Studies
    Chapter 12: Research Findings and Conclusion

    Answers to key questions in the report:

    • What is the growth potential of the online poker games market?
    • What growth opportunities might arise in the online poker gaming industry in the coming years?
    • What are the most important challenges that the online poker games market may face in the future?
    • What are the key technologies and online poker games market trends shaping the data analytics services market?
    • What should be the entry strategies, economic impact countermeasures and marketing channels for the online poker gambling industry?

    Finally, the Online Poker Games Market report is the credible source for getting market research that will exponentially accelerate your business. The report gives major locale, economic situations with item value, advantage, limit, generation, supply, demand and market development rate and figure etc. The online poker game industry report additionally features a new task SWOT examination, speculation accessibility survey, and company return survey.

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    A Deeper Dive into Online Bingo Game Software – SEENIT

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    Bingo is a very popular game around the world, especially among UK players. This game has had several variations and renovations that have made it more popular over the past few years.

    Online bingo is currently the most popular way UK bingo players access this game as it allows them to access bingo from the comfort of their mobile. However, there can be no bingo sites in the UK without software providers for this game.

    Software providers are responsible for the immersive gaming experience enjoyed by bingo players. They make sure the games are interesting, engaging and fun for players.

    Additionally, with over 400 bingo sites online, there are only 7 active software developers responsible for these sites. Let’s take a look at some of these developers.

    playtech

    Playtech has been in the gaming industry for decades and it never let up for once. It is an authorized provider considered to be one of the leading game developers in the gaming industry. Playtech not only specializes in casino games and slot machines, but also in the design of casino games. bingo. Several reputable online bingo sites in the UK get their games from this provider.

    Also, this software designer was at the forefront of converting Flash-based bingo games to HTML 5. The transformation made it possible to play bingo games from mobile devices such as tablets, telephones and desktop computers. Also, 90 ball bingo games like Age of the Gods are new versions of the game released by Playtech.

    Games

    Established in 2001, Gamesys has long made a name for itself in this industry, especially in the UK. It is an eCOGRA certified member who mainly specializes in online bingo games. This company has developed several innovative game ideas, among them being the first provider to launch real money games on Facebook. Various types of online bingo titles have also found their way onto renowned gaming platforms.

    Any game designed by Gamesys is sure to be user friendly and have top notch graphics. In addition, several awards and trophies awarded to this company testify to its prowess. Gamesys has won awards such as:

    • Best Innovation in Bingo – 2015
    • Innovation in slot machines – 2013

    Micro game

    We cannot talk about the best bingo software developers without mentioning this highly rated company. Microgaming, widely known for designing the first online casino site in 1994, has had great success in online gambling. It was first known for providing slot machines and casino games before moving into bingo games in the mid-2000s.

    Since Microgaming has become a regular provider of bingo games on online sites. Additionally, this provider’s software now offers 75 ball, 90 ball and fast bingo games.

    Conclusion

    Bingo is a very enjoyable game and with the right software developer it is even better. Different developers have their software techniques that give their release a unique feel. This is one of the reasons why gaming software differs and is really important. Either way, try bingo games from different developers and see which one you like best.

    Credit card debt: 22% of Americans would rather let someone see their text messages than their credit history

    REDPIXEL.PL / Shutterstock.com

    With rapidly rising interest rates and skyrocketing prices due to inflation, accumulating credit card debt is one of Americans’ biggest regrets. A new survey reveals that one in five people would rather let someone read their text messages than show them their credit history.

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    Find: The best purchases you should ever make with a credit card

    The Upgraded Points survey reveals that 35% of respondents said they immediately regretted a credit card purchase. Additionally, 24% say they would rather go to the dentist than share their credit history with their partner.

    Impulse purchases, which provide instant gratification, are also big regrets, with 36% of respondents saying they bought something with their credit card that they couldn’t afford but didn’t want to wait.

    According to Creditcards.com, the average credit card interest rate is 17.46% as of July 20, and with the Federal Reserve set to raise rates again on July 27, this will likely continue to rise and “would cause average credit card rates. to quickly reach historical records.

    “Now that the Fed is raising rates at its fastest pace in decades, credit card issuers are quickly adapting with their own matching rate increases. As a result, consumers are seeing card offers change at a rapid pace. dizzying, with several credit cards now advertising higher rates than they have advertised in years,” according to Creditcards.com.

    In turn, “such an aggressive approach could help curb price growth, but is unlikely to help borrowers who are already in debt. With further rate hikes underway, borrowers who are already struggling with rates much higher than just a few months ago will have little time to pay off their current balances before their APRs rise again,” added Creditcards.com.

    Along with rising rates, there is also an increase in debt. According to the Federal Reserve Bank of New York, credit card balances are $71 billion higher than in the first quarter of 2021 and represent a significant year-over-year increase.

    According to the Senior Content Contributor of the Upgraded Points website and Founder and CEO of AuPACS, Stephen Au said that setting up automatic payment on your credit cards and forgetting about it is the best solution. “It’s automated and will help you maintain a perfect payment history for your credit score.”

    Ted Rossman, senior industry analyst at CreditCards.com, told GOBankingRates that many people are afraid to look at their credit card statements because they can be overwhelming.

    “TransUnion says the average American has a credit card balance of $5,010. Credit cardholders carry month-to-month balances on 40% of accounts, according to the American Bankers Association. The average credit card rate is 17.25%, which is approaching an all-time high,” Rossman said.

    He added that credit card debt is easy to get in and hard to get out of, with half of people having credit card debt for at least a year and about a third having it for at least two years.

    “If you only make minimum payments towards the average balance at the average interest rate, you will be in debt for more than 15 years and will owe about $6,000 in interest. It’s an unpleasant reality, but there are some things you can do to help,” he said.

    Rossman says his best advice is to sign up for a 0% balance transfer card, which can pause the interest clock for up to 21 months.

    “Other good strategies might include using a low-rate personal loan as a form of debt consolidation or engaging with a reputable non-profit credit counseling agency like Money Management International,” he said. -he declares.

    Additionally, personal loan rates go down to around 6% over five years if you have good credit, and debt management plans offered by reputable credit counselors often have similar terms and are more widely available. , did he declare.

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    “The fundamentals matter too. Boost your debt repayment strategy by looking for ways to increase your income and/or reduce your expenses. Ideas could include a side hustle, selling things you don’t need, or canceling infrequently used subscription services and going out to restaurants less frequently,” he added.

    More from GOBankingRates

    About the Author

    Yael Bizouati-Kennedy is a full-time financial journalist and has written for several publications, including Dow Jones, The Financial Times Group, Bloomberg and Business Insider. She has also worked as a VP/Senior Content Writer for major New York-based financial firms, including New York Life and MSCI. Yael is now independent and most recently co-authored the book “Blockchain for Medical Research: Accelerating Trust in Healthcare”, with Dr. Sean Manion. (CRC Press, April 2020) She holds two master’s degrees, including one in journalism from New York University and one in Russian studies from Toulouse-Jean Jaurès University, France.

    Debt Consolidation Loan Vs. Balance Transfer Credit Card – Forbes Advisor

    Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

    If you are looking to consolidate your debts, you may consider using a balance transfer credit card or a personal loan (aka debt consolidation loan). Both options can simplify debt repayment while potentially lowering your interest rate.

    Learn about the differences between a balance transfer and a personal loan to decide which debt consolidation approach is right for you.

    Balance Transfer vs Personal Loan: What’s the Difference?

    A balance transfer involves transferring the balance of one or more credit cards to a new credit card, usually one with a 0% APR promotional period that spans 12-21 months. As long as you pay your balance before the end of this promotional period, you will not owe any interest. If you have a balance at the end, however, you could face high interest charges.

    A personal loan, on the other hand, is usually an unsecured loan that you repay in monthly installments. You can use the funds to pay off your existing debts or a lender could pay off your creditors for you. Then you’ll make fixed monthly payments on your loan over a set period of time, usually between one and seven years. Depending on your credit, you may qualify for a competitive rate.

    Advantages and Disadvantages of Balance Transfers and Personal Loans

    Balance transfers and personal loans have advantages and disadvantages. A personal loan can often offer higher loan amounts and a longer repayment term than a balance transfer, for example. However, you will have to pay interest on a personal loan, whereas some balance transfer credit cards waive interest charges for a year or more.

    Benefits of a personal loan

    • You can use a personal loan to consolidate several types of debt, such as credit card balances, medical bills, or other personal loans.
    • Some lenders will repay your creditors directly, which will simplify the debt consolidation process.
    • You might be able to borrow up to $100,000 and get seven years to pay it back.
    • Fixed interest rates and monthly payments make it easy to budget and work towards a specific repayment date.

    Disadvantages of a personal loan

    • You can’t get a competitive rate if you don’t have strong credit.
    • Some lenders charge origination fees.
    • You’ll pay interest up front, unlike a balance transfer credit card with a 0% promotional period.

    Advantages of a credit card with balance transfer

    • You could qualify for 0% APR for up to 21 months, depending on the card, which can save you money on interest.
    • Without interest, you may be able to pay off your debt faster.
    • Some cards don’t charge an annual fee and offer rewards, such as travel points or cash back.

    Disadvantages of a credit card with balance transfer

    • The 0% APR period won’t last forever, so you could face high interest charges if you still have a balance at the end.
    • Some cards charge a balance transfer fee of 3% to 5% of the amount you transfer.
    • You may need excellent credit to qualify, and the transfer limit you get may be lower than what you owe.

    Find the Best Balance Transfer Credit Cards of 2022

    5 questions to ask when choosing a balance transfer or personal loan

    Choosing a debt consolidation strategy is not always easy. Ask yourself these five questions to help you understand which option is best for you.

    1. What are the interest rates and fees?

    When deciding between a personal loan and a balance transfer, consider which option would save you the most interest and fees. A balance transfer may be the cheapest option if you can pay off your balance in full before the end of the 0% APR introductory period.

    Be sure to read the fine print, though, as your interest rate could skyrocket to 16% or more when the promotion ends. Also, beware of balance transfer fees, as this could factor into your savings.

    Some personal lenders charge no fees for taking out a personal loan, while others charge origination fees of up to 8% of your loan amount. If you opt for a personal loan, compare the rates of several lenders to find the best offer.

    2. How much and what types of debt do I have?

    If you have significant debt, you may prefer a debt consolidation loan to a balance transfer. Balance transfers usually reach a certain percentage of your credit limit, while you can borrow a personal loan up to $100,000.

    Additionally, you can use a personal loan to consolidate several types of debt. Balance transfers, on the other hand, are usually reserved for transferring credit card balances. If you want to consolidate a large amount of different types of debt, a personal loan might be the best solution.

    3. What is the repayment schedule?

    When you take out a personal loan, you usually agree to pay it back in fixed monthly payments over a number of years. Since your payments stay the same month after month, you can budget for them more easily.

    With a balance transfer credit card, you can choose how much you pay each month, as long as you make the minimum payment. To fully pay off your balance before the end of the 0% APR period, you may need to use a calculator to determine your monthly payments.

    Then it’s up to you to stick to that payment schedule and avoid racking up additional debt. If you start racking up new charges on your credit card, you could find yourself in worse shape than when you started.

    4. How will this impact my credit?

    Opening a new credit card or loan account can impact your credit in different ways. At first, your credit score might drop a few points when the creditor conducts a thorough investigation to check your credit. As long as you pay off your debts on time, your score should bounce back.

    Opening a new credit card can also impact your credit utilization ratio, which is the amount of credit you use compared to the amount you have. To protect your credit score, keep your credit utilization below 30%.

    Having a credit mix can also improve your score. Credit cards represent revolving debt, for example, while a personal loan is a type of installment debt. If you don’t have any installment debt, borrowing a personal loan could diversify your credit mix.

    However, perhaps the biggest influence on your credit score is how you manage your balance transfer card or personal loan. Making payments on time and paying off your debt can improve your credit.

    5. What are the credit requirements?

    You’ll likely need a good or excellent credit score to qualify for a balance transfer credit card or personal loan. On the FICO scoring model, a good score starts at 670, a very good score starts at 740, and an outstanding score starts at 800.

    Some personal lenders have looser borrowing criteria, allowing you to qualify with a fair credit score (below 670) or a creditworthy co-signer.

    You may be able to prequalify online for a personal loan without impacting your credit score. Prequalifying can give you an idea of ​​your loan rates, terms and amounts, but your offer won’t be locked in until you submit a complete application and allow for a firm credit check.

    Conclusion

    A personal loan and balance transfer can help simplify debt repayment and potentially save money on interest charges. If you have high balances on multiple types of debt, a personal loan could give you the flexibility you need. But if you owe money on a credit card or two that you can pay off in 21 months or less, a balance transfer credit card might offer greater interest savings.

    Whichever option you choose, make sure you have read the details of your loan or credit card agreement, including rates and terms. By sticking to your payment schedule and avoiding accumulating additional debt, you can move closer to a debt-free life.

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    IGT Online Lottery Games Are Coming to Michigan

    The Michigan Lottery technically offered online gambling before it was cool, as online lottery sales in the state anticipated the launch of Michigan online casino games. Now the Lottery is about to add IGT online lottery games to continue competing for the attention of Michiganders.

    The Michigan Lottery joins a small group of American lotteries that offer IGT’s wide range of online games. These vary in format, from simple games reminiscent of scratchers to casino-like presentations. The exact launch date for the new content, however, is still uncertain.

    IGT Online Lottery Games Are Coming to Michigan

    A Tuesday press release broke the news to the Michiganders. IGT and the Michigan Lottery have reached an agreement to add IGT’s lottery content to Michigan’s current online lottery platform.

    IGT Chief Operating Officer, Global Lottery Jay Gendron congratulated the Michigan Lottery on its current success.

    “IGT’s advanced RGS integration will provide the Michigan Lottery and its players with an extensive library of premium iLottery content, diversifying the lottery’s portfolio with well-known eInstants and omnichannel themes,” Gendron said.

    “As a leader in this space, the Michigan Lottery has built a robust iLottery offering from the ground up, and IGT is thrilled that we can contribute to its continued success through the launch of our games.”

    The release does not mention a specific launch date for new IGT content. The statement simply says it will happen “soon”. It also indicates that IGT’s online lottery games predate this Michigan launch in Georgia, Kentucky and Rhode Island.

    Each time the launch takes place, (senior) Michiganders will have access to a whole host of new options.

    According to the IGT website, its online lottery content contains options for players regardless of their preferences. There are options for those looking for online versions of familiar lottery games, as well as those looking for an online casino-like experience as well.

    Bingo and crossword puzzles are representative of the traditional titles on the menu. Games that imitate online slot machines to understand Cleopatra and siberian storm. IGT also offers licensed content like ghost hunters– and Wheel of Fortune-themed games.

    All new IGT titles will supplement, not replace, current Michigan Lottery offerings. Players will still be able to simply log in to get their Mega Millions tickets, for example. In the near future, this will be one of many options on the Michigan Lottery app or website.

    myFICO: What to do if you’re struggling with credit card debt

    myFICO: What to do if you’re struggling with credit card debt

    SAN JOSE, Calif.–(BUSINESS WIRE)–Credit cards can offer more convenience and security for your daily expenses, and many even offer sign up bonus and rewards to add even more value.

    But if you’re not careful, it can be easy to get deeply into credit card debt, and the more your balances grow, the harder it will be to pay them off, especially if interest rates are on the rise. If you’re currently struggling to deal with your credit card debt, here are some potential solutions you can pursue, from myFICO.

    For more information on loans and credit, visit the myFICO blog at https://www.myfico.com/credit-education/blog

    Look at your budget

    If you don’t already have one budget, consider creating one now. Start by taking the average of your income over the past few months, then list and categorize all of your expenses to better understand where your money is going.

    This practice will help you determine if there are areas in your spending where you can cut back and use the money for your credit card balances instead. Setting monthly spending goals with your budget will also make it easier for you to stick to your debt repayment plans and make any necessary adjustments.

    List your debts

    If you only have one credit card, the payment process will be relatively simple. But if you have balances on multiple cards, you’ll want to know what you’re dealing with.

    Log in to each of your online accounts and get the balance, minimum monthly payment and interest rate for each card. This will help you know which cards to target first.

    At this point, it’s also a good idea to stop using your credit cards, so that the interest-free portion of your balance doesn’t continue to grow. If you keep using your cards while trying to pay them off, you may feel like you’re slipping.

    Speak with your credit card issuer

    Depending on your situation, you may be able to get short-term relief from your credit card company. Some card issuers offer forbearance programs, allowing you to pause your payments while you recover financially.

    You can also apply for a lower interest rate or a modified payment plan to make your payments more affordable.

    While there’s no guarantee your credit card company will help you, it doesn’t hurt to ask while you’re trying to figure out what to do next.

    Consider the debt snowball or avalanche method

    The debt snowball method is a popular approach to paying off multiple debt accounts. With this strategy, you’ll start by making the minimum monthly payment on all of your accounts, and if you have extra money you can spend on your debt, add it to the card with the lowest balance.

    Once you’ve paid off that card, you’ll take the amount you paid into it and add it to the minimum payment of the card with the second-lowest balance. You will continue to do so, with monthly payments continuing to increase as you pay off each balance, until you have paid off all of your cards.

    The debt avalanche method is a similar approach, but instead of focusing on the cards with the lowest balances, you’ll start with the cards that have the highest interest rates.

    The snowball method is designed to give you gains early in the process as you pay off smaller balances. But over time, the avalanche method might save you more interest.

    Add the Debt Snowflake Method

    The snowflake method of debt can be used in conjunction with the snowball or avalanche method. With this approach, you will take all the extra money you receive throughout the month and apply it to your debt.

    On a larger scale, this could include your tax refund or job performance bonus, but it could also be small things, such as rewards earned on a cash back website or savings you get by using coupons or discount subscriptions.

    Consider another financial product

    If your FICO® score is still in good shape, you may be able to qualify for a credit card balance transfer or one consolidation personal loan.

    Balance transfer cards typically offer 0% APR introductory promotions, allowing you to transfer debt from the original card to a new one and pay it off interest-free for a period. Even if you can’t pay it off completely at the end of the promotion, you can still save hundreds of dollars in interest.

    That said, balance transfer cards come with an upfront balance transfer fee, so you’ll want to do some math to make sure it’s still saving you money. Plus, if you’re not disciplined with your payments, you may still be in a lot of debt by the time the promotional period ends and the card’s regular APR kicks in.

    With a personal loan, you won’t get a 0% APR, but with good credit, you might qualify for a single-digit interest rate. Plus, unlike credit cards, personal loans come with a structured repayment term, so there’s no danger in settling for a small minimum payment and remaining in debt. Just make sure you can afford the monthly payment and watch out for the upfront set-up fees.

    Consult a credit counselor

    With a free consultation, a reputable credit counseling agency can help you understand your situation and guide you through some of the options available to you. You can find non-profit organizations through the National Credit Counseling Foundation or the Financial Advisory Association of America.

    If you’re really struggling and your FICO® score is too low for a low-interest personal loan or balance transfer credit card, the credit counselor may offer to help you with a debt management plan.

    With a debt management plan, the agency can negotiate a lower interest rate and monthly payment with your credit card issuers. Then you will benefit from a payment plan that usually lasts between three and five years, by making a single payment to the agency, which will distribute the money to your creditors.

    In exchange, you will have to close all of your credit card accounts. Plus, there’s a modest upfront fee, plus a small monthly fee. However, this option can help you avoid some of the damage to your FICO® score that debt settlement and bankruptcy would do.

    Consider Debt Settlement or Bankruptcy

    While these options aren’t ideal, they may be necessary if you’re already way behind on your payments.

    With debt settlement, you agree to pay less than you owe in one payment. If you don’t have the money now, you may be able to work with a debt settlement company or a debt relief law firm to accumulate enough money over time. Be sure to thoroughly research any debt settlement institution you are considering and read all of the “fine print” of their application. Once settlement is complete, the card issuer will accept your payment and cancel the rest of the debt.

    Bankruptcyon the other hand, could erase the debt entirely or at least help you get a reorganized payment plan that fits your budget.

    Consider these options only as a last resort. While they may seem like a simpler solution, they can damage your FICO® scores, making it difficult to get credit when you need it. If you are considering settling debt or going bankrupt, speak to a reputable credit counselor first for expert advice.

    The essential

    Credit card debt can easily become a significant financial burden, so it’s always a good idea to try to pay off your balance in full each month. But if your debt has already started spiraling out of control, set a budget and think carefully about all your options.

    There’s no better way to pay off credit card debt, so develop your strategy based on what works best for you.

    About myFICO

    myFICO makes it easy to understand your credit with FICO® Scores, credit reports and alerts from all 3 bureaus. myFICO is the consumer division of FICO – get your FICO scores from the people who do FICO scores. For more information, visit https://www.myfico.com/

    Credit card debt and interest rates among inflation hardest hitting young adults in their 20s

    CHICAGO (WLS) — Young adults, especially those in their 20s, may be more likely to take on deep debt as inflation grips the country. This age group also faces the challenges of repaying college loans and lower-paying first jobs.

    But even with the added pressure, you can still pay off your debts and have a little fun.

    Teacher Mayra Jaramillo and her husband are in their twenties and are starting a family, but the couple from Mooseheart, Illinois have found themselves in debt and struggling financially.

    “My husband and I needed to pay for stuff and credit was the easiest way. And we let it build and build regardless of APR or any of that,” Jaramillo said. . “Interest rates are what really hurt us because we were making payments but the bills weren’t coming down.”

    MORE | Tips for paying off your credit card debt

    The couple joined a nonprofit credit counseling service called Money Management International, which helped them create a personal spending plan and consolidate their debts into one payment. They now owe about $5,000 and have been able to boost their credit score using only a low-limit card, which they only use for gas and groceries. She also pays it back every month to avoid interest.

    According to Nerd Wallet, 43% of credit card holders don’t even know their interest rate. The average rate jumped to 17.3%, making it harder to pay off credit card bills. University loan repayments for people in their twenties add to this burden.

    “The 20s are always a hectic time. You know, we’re getting out of college, we’re getting our first job,” said Thomas Nitzsche, financial educator at Money Management International. “And with interest rates that have increased up to seven times this year. The average interest rate on credit cards is expected to be around 20%, which is an all-time high according to Bankrate. So it’s going to be really difficult for people who find themselves in this situation to be able to repay this debt.”

    Jaramillo said if she wants to treat herself to a night out, it’s cash only, and the fun doesn’t go to the family’s credit card alone.

    “I would say just stick to a budget and there’s nothing wrong with missing out on some things,” she said.

    If you have credit card debt, you should pay off the card with the highest interest rate first and make the minimum payment on the other cards. When the card with the highest interest rate is paid off, start going after the others.

    If you are looking for a credit consolidation service to help you manage your debts, always look for it first and try to stick with a non-profit service.

    Copyright © 2022 WLS-TV. All rights reserved.

    Top 5 Microgaming Slots – Concept Phones

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    Microgaming is an online casino game development brand. It became known as the first software company to create online slot machines and then distribute them across the network. In its more than 2 decades of hard work, Microgaming has created nearly 850 games in its more than two decades of hard work, covering everything from legendary slots to table games, such as blackjack , roulette and baccarat which are commonly available. on online slots sites.

    Part of its popularity is also due to the addition of progressive jackpots with the ability to provide eye-popping payouts. Thanks to its constant activity, the company received the highest award among software providers, awarded by the iGaming organization.

    History of Microgaming

    Microgaming started its work in the early 1990s when it settled on the Isle of Man. Within months, the company was already known to local and international players. Relevant fact, InterCasino, which was the first online gambling site in the world, used the software that Microgaming had created in 96.

    However, to impose itself at the top, it is necessary to continue to innovate and satisfy the public. Consequently, Micrograming does not cease its activities under any circumstances. To date, the provider has partnered with over 450 different online casinos, which certainly makes a difference.

    Advantages and disadvantages of microgaming

    Microgaming stands out for its level of specialization and its wide range of slot machines, so we take into account the strengths and weaknesses of the provider to make a comparison:

    Advantages

    Industry Leader

    When it comes to technological advances, Microgaming always champions the newest and most interactive. For this reason, most of his creations are based on realistic themes, immersive melodies and impressive animations. In addition, each game is given to be configured to the taste of the player. For example, there are slot machines that have the property of regulating both paylines and the number of grids or reels.

    Mobile compatibility

    Microgaming is one of many pioneering software providers for mobile games. Each of his creations is integrated with the necessary level of compatibility to offer a unique gaming experience from a mobile device.

    Diversity

    Microgaming has such a range of slot options that you are sure to find your favorite, whether it is a classic three reel slot or a modern sci-fi slot.

    Graphic quality

    Along with NetEnt and other specialty brands, Microgaming was one of the first software providers to equip its games with immersive graphics and tunes. The background that reflects its range of games is very realistic, and the background audio makes the experience more engaging.

    Disadvantages

    Repetitive themes

    Microgaming is now in the throes of oversupply, and now it seems they have reached such a limit that their new slots seem to repeat content from previous releases.

    Top 5 Microgaming Slots

    Here are the 5 best Microgaming slots:

    Mega Moolah

    We are referring to a slot that was introduced to the gaming community in 2006. A few years later, Mega Moolah would go on to become one of the most rewarding slot titles of all time. The last grand prize awarded to this variant was around 15 million euros.

    CashSplash

    Behind Mega Moolah is Cash Splash, another of the progressive jackpot variants that has bestowed the most profits. Regarding its structure in general, the slot machine has two layouts (one with 3 reels and the other with 5 reels), and its volatility exceeds one million pounds.

    major millions

    Major Million is another of the magnificent creations of Microgaming, which stands out for its incomparable progressive jackpot. Contrary to the above, the Major Millions jackpot remains in the hundreds of thousands of pounds, bringing together a prize of over £500,000.

    immortal novel

    Immortal Romance is another of the best Microgaming releases. The theme revolves around the undying love affair of vampires and the mystical forces trying to stop them. It is a five reel machine with 243 paylines. The highest possible win on the line is worth 12,150x of your bets.

    book of oz

    Book of Oz is another of the best slot machines from the gaming giant. Consisting of 243 lines and a 5×3 grid, this machine is dedicated to the Wizard of Oz, the famous character from the novel by L. Frank Baum, The Wonderful Wizard of Oz. The game depicts the entire story beautifully with beautiful visuals and clean graphics. 1,000x is the maximum payout you can get from this marvelous slot, while its RTP stands at 96.5%.

    4 ways to pay off $30,000 in credit card debt

    Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

    If you have thousands of dollars in credit card debt, try these 4 strategies to deal with it. (Shutterstock)

    Credit card debt is easy to accumulate. Pay it, though? This is the hardest part — especially once your balances reach the $5,000$15,000 or even $30,000 point.

    Fortunately, there are several credit card debt repayment strategies you can use to settle these balances. If you’re struggling with credit card debt of up to $30,000, here are four ways to pay off credit card debt and control your expenses.

    A debt consolidation loan is one step towards paying off credit card debt. Visit Credible for view your prequalified personal loan rates from various lenders in minutes.

    1. Focus on one debt at a time

    A good place to start is to focus your energy on paying off one debt at a time while only making minimal payments on others. Two popular strategies for doing this are the snowball and debt avalanche methods. Here’s how each works:

    • Debt Snowball Method — With the snowball debt repayment strategy, you first pay extra each month toward your smaller balance. Once you have eliminated this one, apply the amount you were paying to the next smaller debt, and so on. This method gives you several quick wins and can help you stay motivated when your balances start to disappear.
    • Debt Avalanche Method — Also called the highest interest rate method, this strategy aims to first pay off your most expensive debt, the one with the highest interest rate. You pay all of your extra funds into your debt at the highest rate first, making only minimum payments on the others. When that higher interest balance is gone, you work on the next highest rate debt and repeat the process. This strategy generally lowers your long-term costs the most, although it does not produce results as quickly as the snowball method.

    Both strategies can be effective, but the right one depends on your unique debt situation and personal preferences. If you have a lot of separate debts and need a little extra motivation, the snowball method might be a good idea. If you have debt with a much higher rate than the others, the avalanche method would probably be smart because it will save you the most in the long run.

    2. Consolidate your debts

    Another option is to consolidate your credit card debt. You do this by taking out a loan and using it to pay off your credit card balances and other debts. This move essentially consolidates all your different debts into one, leaving you with one monthly payment and one interest rate.

    You can consolidate your debt with several types of loans, including debt consolidation loans (which are unsecured personal loans), home equity loans, home equity lines of credit (HELOCs), and cash refinances. .

    The advantage of debt consolidation is that it simplifies repayment. You only have one monthly payment to worry about and budget for. Many times this can also lower your interest rate. (Keep in mind that your loan interest rate will largely depend on your credit score.)

    On the other hand, some debt consolidation loans come with closing costs, which could reduce your savings. You may also need to put up an asset as collateral, such as your house or car. This puts your property at risk of seizure or foreclosure if you fail to make payments.

    Credible, it’s easy to compare personal loan rates from various lenders, and it will not affect your credit score.

    3. Use a credit card with balance transfer

    It might seem strange to take out a new credit card to pay off the old ones, but the strategy can work well — and save you big — if done correctly.

    With balance transfer cards, credit card companies typically offer 0% interest for a fixed period, often 18 to 21 months. This allows you to transfer your high interest balances to the new card and make payments only on the principal balance for that initial period.

    When using a balance transfer card, try to pay off your balance in full before the introductory rate expires. If you still have a balance at that time, your balance will begin to accrue interest at the card’s normal rate, and your minimum payment amount could increase significantly.

    Balance transfer cards also usually come with transfer fees. These fees vary from company to company, but are generally around 3-5% of each balance you transfer. And you’ll generally need good to excellent credit to qualify for an introductory 0% APR card.

    4. Set a budget to avoid future overspending

    If you’ve accumulated $30,000 in credit card debt, budgeting is essential, both to pay off that debt and to prevent it from accumulating again.

    Start by striving to understand your overall financial picture. How much money do you receive and what are your monthly expenses? You can use a spreadsheet to map everything. Be sure to include things like your housing expenses, utilities, minimum credit card and loan payments, groceries, and any other essential expenses.

    You should also look at what money is going elsewhere, as this can help you focus on areas where you might be spending too much. Your bank and credit card statements can be useful for this purpose.

    Once you know where your finances are, you can create a monthly budget to follow in the future. This will allow you to reduce your expenses and regularly allocate money to your debts or other financial goals. If you need advice on this task, the Consumer Financial Protection Bureau has a budget worksheet it can help.

    If a debt consolidation loan is right for you, Credible makes it quick and easy. view your prequalified personal loan rates.

    Global Online Casino Software Market 2022 Latest Innovations – IGT, Playtech, Microgaming, Betconstruct – This Is Ardee

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    The new study carried out on Global online casino software market from 2022 to 2028 and published by MarketandResearch.biz provides fine intelligence that prepares market players to compete well with their toughest competitors in this industry. The report offers a comprehensive research study of the market that includes accurate forecasts and analysis at global, regional and country level. It provides a comprehensive view of the global Online Casino Software market and detailed value chain analysis. This analysis report is the collation of market statistics over the past few years as well as forecasts for the coming years.

    The report highlights key growth opportunities and market trends, along with critical market dynamics, including market drivers and challenges. The report then reveals the current market norms, latest strategic developments, and market players. This research paper will help buyers in the global market to plan their next courses towards the position of the market future. It covers major players actively participating and competing in the global Online Casino Software market.

    DOWNLOAD A FREE SAMPLE REPORT: https://www.marketandresearch.biz/sample-request/245558

    Globally, the major players in the industry are:

    • IGT
    • playtech
    • Micro game
    • Betconstruct
    • Softgamings
    • Betsys
    • BetRadar
    • SB Tech
    • Digitain
    • GammaStack
    • Each die
    • SB betting software
    • Novomatic

    On the basis of Types, the market is primarily split into:

    Based on applications, the market covers:

    The report includes the market research based on geographic and regional location. Geographic segmentation covers:

    • North America (United States, Canada and Mexico)
    • Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
    • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
    • South America (Brazil, Argentina, Colombia and rest of South America)
    • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

    Some of the main highlights:

    • Regional Market Analysis of Global Online Casino Software Market
    • Product Introduction, Application and Specification
    • Main businesses and markets served
    • Market segment analysis by type, application,
    • Market Production and Consumption by Type, Application,
    • Analysis of the main manufacturers of the market
    • Market Production, Revenue, Ex-factory Price and Gross Margin (2022-2028)

    ACCESS THE FULL REPORT: https://www.marketandresearch.biz/report/245558/global-online-casino-software-market-2022-by-company-regions-type-and-application-forecast-to-2028

    Most importantly, the report offers valuable insights regarding the future trends of the global Online Casino Software market through the various stages of the overall market. The market report provides detailed information about the changes in product types, its innovation and advancements. Research findings and data sources are also presented in the margins of the report.

    Report customization:

    This report can be customized to meet customer requirements. Please contact our sales team ([email protected]), who will ensure that you get a report tailored to your needs. You can also get in touch with our executives at +1-201-465-4211 to share your research needs.

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    States Report Small Drops in Online Poker Revenue; Record online games

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    online poker incomes remained stable in legalized states June alongside records iGames Numbers. The industry continues to post high numbers above pre-pandemic levels.

    PokerStars, BetMGM/partypokerUS and WSOP.com continue to promote monthly tournaments alongside cash game promotions. In the United States, online poker is currently live and legal in the following states:

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    New Jersey Online Poker Holds $2 Million

    Garden State online poker sites have backed over $2 million for the last few months. In total, the state brought in $2.1 million, down slightly from May’s report of $2.3 million. The New Jersey Gaming Enforcement Division (NJDGE) reports monthly on state results.

    New Jersey currently has three online poker operators, including:

    WSOP.com again held the top spot in June for the second month in a row. The operator saw a month-over-month increase and brought $960,162. The site benefited from online wristband events throughout the summer. The site’s large online events have attracted large fields.

    BetMGM/partypoker US came second for the month after reporting $639,327. The website recently announced its summer classic series. PokerStars came third but was close to BetMGM, representing $594,302 in June.

    In New Jersey’s live poker scene, only three rooms are open in Atlantic City including:

    • Borgata (offers weekly tournaments)
    • Harrah
    • Tropicana

    No casino has yet announced plans for guaranteed multi-day live events.

    BetMGM game hits $40 million mark

    New Jersey Online Casinos Reported $133.1 million in June recipes. It’s a 24.4% increase year by year. Borgata Casino/BetMGM Casino brand hits $40 million for the month. The site has remained number one in the state for 15 consecutive months.

    Golden Nugget took a small dive but stayed second with $35.7 million. Resorts again held on to third place and posted $28 million.

    According to the NJDGE, the overall gambling revenue reported by the casino, racetracks and partners was $401 million for June. Year after year, it’s a 2.2% increase of $392.8 million in June 2021.

    Gaming taxes account for 8% of gross taxable casino revenue and 15% of gross Internet gaming revenue.

    Pennsylvania remains king of poker

    Keystone State continues to hold the top spot for regulated online poker in the United States. Pennsylvania reported poker revenue of $2.6 million for June, according to the Pennsylvania Gaming Control Board (PGCB).

    That total was down slightly from May. The Commonwealth currently has three online poker choices:

    • PokerStars
    • BetMGM/partypoker US and the Borgata Poker skin
    • WSOP.com

    PokerStars is the best site in the state and has brought $1.6 million for June. WSOP.com took a small hit for the third consecutive month and reported $692,016. The platform is not part of the combined New Jersey and Nevada player pool. BetMGM saw a slight drop in revenue with $289,183 for the month.

    iGaming hits record $5 billion

    The PGCB also reported that online game marked a banner year in Pennsylvania. It was during the last financial year that overall turnover for the first time exceeded $5 billion.

    The council reported that internet casino games generated gross revenues of $102.923 million in June 2022, compared to $88.9 million in June 2021. This represents an increase of 15.76%.

    The state’s combined total revenue generated from all forms of gambling as well as fantasy contests in June was $389.8 million. This is a 0.24% increase over revenue generated in June 2021.

    PA live tournaments are back

    Pennsylvania tournament players can find live action all summer long in the state. The state casinos offered some of the biggest guaranteed events in the northeast.

    Here is an overview of the live poker rooms open in Pennsylvania that are currently open:

    • Parx Casino
    • Mohegan Sun Pocono
    • Mount Airy Casino Resort
    • Rivers Casino Philadelphia
    • Rivers Casino Pittsburgh
    • Meadows Racecourse and Casino
    • Philadelphia Live Casino
    • Wind Creek Bethlehem
    • Pittsburgh Live Casino

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    Online poker and iGaming set records in Michigan

    Michigan online poker continues to grow in an expanding iGaming market. According to Michigan Gaming Control Commission (MGCB), Wolverine State Online Casinos have introduced $136.9 million revenue for June, setting a new record monthly total.

    Online poker revenues are not reported separately, but show the potential of the game in the United States. The report includes the combination of poker and online games. There are now three online poker operators in the state, including:

    • PokerStars
    • BetMGM
    • WSOP.com

    Michigan poker scene

    BetMGM dominates in the state and also hosts the Summer Classic for poker players. The market remains separate from New Jersey and Nevada, although sites can now be launched under the interstate pact with these two States, but neither has yet done so.

    In June, many Michigan online grinders headed to the WSOP for a chance to win a gold bracelet.

    PokerStars has just completed its Summer stack Series with more tournament series expected soon. WSOP.com offered in-state bracelet events and launched a monthly Online circuit series as well.

    BetMGM and FanDuel remained unchanged in online gaming in first and second place in the state. Michigan iGaming had BetMGM as the top dog with $47.2 million and FanDuel in second with $18.5 million.

    Total gaming operators produced $24.6 million in tax revenue and in local share to the State of which:

    • Internet gambling taxes and payments – $22.5 million
    • Internet sports betting taxes and payments – $328,954

    Several Michigan bricks and mortar live poker rooms are open including the charity halls:

    • MGM Grand Detroit
    • Motor City Casino
    • Greek Town Casino
    • Odawa Petoskey Casino
    • Fire Keepers Casino
    • Island resort and casino

    Casinos such as FireKeepers attract players to Michigan poker rooms via large tournaments.

    Delaware poker revenue and iGaming hold steady at $1 million

    Online poker in Delaware had its best month ever in 2022. The state saw month-over-month growth and reported $43,121 in June, compared to $40,371 in May.

    For the fourth month in a row, the state reported online gaming revenue of over $1 million. According to the Delaware Lottery, iGaming showed a network of more than $1.1 million. New player registrations also hit a yearly high of 952.

    In Delaware, 888poker operates three different skins in partnership with Delaware Racetrack Casinos, including:

    • Delaware Park
    • Bally’s Dover
    • Harrington Casino and Racecourse

    Delaware Park again took the top spot and showed its second-best month of 2022. The operator reported $25,966 in June and has held the top spot every month this year.

    Delaware Park is the only open live poker room in the state and currently offers bonuses to players during timed table hours. The casino also offers hiring bonuses to new employees.

    OLG still considering online poker in Ontario, but has no launch timeline

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    two playing cards are visible on a blue background.  one is an ace with a maple leaf instead of a diamond or a heart, partially obscured by a second card with the back side.  OLG still considering online poker in Ontario, but has no launch timeline

    More than seven years have passed since the Ontario Lottery and Gaming Corporation (OLG) launched its online gaming site, PlayOLG.ca.

    When the site first launched in January 2015, it included casino-style poker, but not peer-to-peer online poker. His omission did not go unnoticed and OLG officials at the time said Poker Industry PRO that online poker would be included in a future site update.

    Since:

    • Ontario has launched regulated markets for online poker, casino games and sports betting – and provincial regulators have warned operators that they (and any associated third parties) must exit the gray market. However, how long they have to do so remains unclear.
    • Many of the biggest poker operators in the world have since come to Ontario’s regulated space for online poker. 888poker Ontario was first released on April 4, the day the market opened. BetMGM Poker Ontario jumped on the market the next day, and the Entain bwin and partypoker brands went live a week later to create an Ontario-exclusive online poker network. PokerStars Ontario made its long-awaited launch late last month.
    • Rumors that bet365, Betway, Coolbet, Unibet and newcomer NorthStar Bets may be offering online poker in Ontario persist.
    • Last week, the British Columbia Lottery Corporation (BCLC) announced a partnership with the Saskatchewan Indian Gaming Authority (SIGA) to bring BCLC’s PlayNow platform to the province. This means that Saskatchewan will join the Canada Poker Network (PRC) and players will face off against others from British Columbia (BC), Manitoba and Quebec.

    So, has anything changed with OLG’s plans for online poker?

    What is it and why you should play

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    Bingo is a popular game that is played in different ways. Online bingo is one of the most popular versions of the game, and there are plenty of online bingo sites to choose from. You can check out the best at BoomtownBingo, where you’ll also find information on the latest news and guides. Gamblers make their fortunes through gambling while sitting at home. Some do it as a hobby and a quick way to unwind. In this article, we will look at what online bingo is and some of the benefits of playing it. We will also discuss some tips for getting started with online bingo. So, keep reading if you want to know more about this exciting game.

    1. What is online bingo and how does it work

    People play online bingo on the internet. People who don’t think of going to the store can sit at home and enjoy the fun of the game. The game started in 1996 and by 2006 it had reached a huge value of $500 million. However, the game cost around $1 billion in 2010. Online bingo uses a random number generator, unlike physical bingo. You can easily start betting on poker and online casino by playing the game online. The game has a chat function to promote interaction and form a community between players.

    Online bingo uses the same strategy as land-based bingo. The player crosses out the ticket numbers when they appear. A player wins by crossing the numbers called before the other players, and the level of numbers to cross depends on the type of bingo game. Some games are 90 balls, 75 balls, etc.; the number to be crossed out is called a ball.

    2. The benefits of playing bingo online

    Gambling is known to reduce stress. After work or college, a player can sit at home and enjoy every moment playing bingo online. The game makes you forget the stress of the day and relaxes the mind. Bingo is similar to gambling but less stressful and exhilarating with significant fun game options. You should expect a fun and relaxing environment whenever you play bingo. The game is slow-paced which reduces body anxiety and only takes a few minutes to complete. A player only needs a ten-minute break to experience the therapeutic effect of bingo. Relaxing the mind and body also reduces blood pressure, anxiety and depression. You can win a lot of money without having to leave your home thanks to bingo. And the winnings are determined every ten minutes.

    3. How to start playing bingo online

    The first thing you need to do is install bingo software on your device and buy a ticket. Each bingo software requires an account with the broker to help you track your progress, payouts, etc. The ticket is sold before the start of the game. Bingo can be fun but requires extensive research to hit big payouts. The game is a bit complicated because of its similarities. After the game starts, you need to be attentive and wait for the first number to appear. Typically, you start crossing out numbers on your ticket electronically as they appear on the screen. Numbers are usually called by their nicknames for easy understanding. The system continues to generate numbers until you get a full house. You get a full house when the system generates all the numbers on your ticket. If so, you’ve won the game. But to fully enjoy the fun of the game, you need to do extensive research to familiarize yourself with the slurs, and some sites offer free advice to new and existing users.

    4. The different types of games you can play

    There are different games in the system. Fast players enjoy 30 Ball Bingo on a 3 x 3 square grid. The 80 Ball and 90 Ball games are played in the UK and USA and are suitable for players who want to relax and win various prizes. The 75 ball is played on a grid of 25 squares to form the word BINGO. Other variations of online bingo include crossed out emoticons in Emoji Bingo, pop balloons in Burst Bingo, and four leaf clovers in Rainbow Riches bingo. The rules are similar in all games. A player must cross out numbers that appear to form a full house or complete line.

    Photo credit: The image for the report was produced by Antonio Diaz.

    Did this article help you? If not, let us know what we missed.

    How to Avoid Credit Card Interest

    Federal Reserve rate hikes drive up credit card interest rates, meaning it’s more expensive to get into debt and getting out of it could take longer.

    Part of the problem is that credit card balances have grown thanks to inflation. Credit card balances have increased by 11% overall since 2021 and even more in some cases, according to a June VantageScore Report. Gen Z and Millennials increased their balances by 30% and 22%, respectively, while low-income consumers saw an almost 25% increase in their card balances.

    Ideally, aim to pay off balances and avoid interest charges. But if that’s not possible, here are ways to lower the interest you pay as more Fed rate hikes are coming.

    Why Avoid Credit Card Interest?

    Credit card interest rates and annual percentage rates are generally the same, unlike loans, and among the highest rates you can pay to borrow money. What makes credit card interest so troublesome is that it gets worse.

    When interest is charged on your credit card, the amount is added to your balance. And when you carry that balance forward from month to month, you’ll pay interest on the interest. This is partly why it’s so hard to get out of credit card debt.

    The best way to deal with credit card interest is to avoid it in the first place. That means taking advantage of your card’s grace period and other interest-free options, always paying your bill in full and on time, and moving balances as needed.

    How to make the most of your credit card grace period

    Credit card purchases enjoy a grace period of at least 21 days without interest charges between the end of your card’s billing cycle and the time your credit card bill is due. In other words, you will not be charged interest on your credit card balance until your payment is due.

    If you carry a balance, you will lose your grace period. Interest charges will apply to the unpaid portion of your balance and to new billing cycle purchases from the date of each purchase. Note that credit card grace periods only apply to purchases, not cash advances or balance transfers.

    You can use your credit card grace period to your advantage by scheduling a purchase on the day your statement opens. Then you have over a month and a half to pay it off before interest charges apply – your entire statement period, plus the grace period of at least 21 days.

    Need more interest-free time? Some credit cards offer interest-free introductory periods of 12 to 21 months. With a 0% APR card, you can make monthly payments on your balance and you won’t be charged interest until the introductory period ends and the regular APR is applied.

    How to Avoid Paying Interest on a Credit Card

    The easiest way to avoid credit card interest charges is to never carry a balance. You can do this by:

    • Full payment of your invoice. If you also pay on time each month, you will not be charged interest on your transactions. “Paying off your credit card in full each month is the best way to avoid interest payments,” says John Schmoll, founder of personal finance website Frugal Rules.
    • Move the debt to a new balance transfer credit card. When you’re faced with a balance that you can’t pay in full by the due date, a 0% APR on balance transfers can save you on interest. However, you will likely have to pay a fee, usually 3% to 5%, to transfer each balance. Also ask yourself if you can avoid accumulating card balances again, says Jeff Richardson, senior vice president of marketing and communications at VantageScore. “A concern comes down to this card having no balance,” Richardson said. “Now you have two balances, two interest rates, and it’s really going to start to be a challenge to meet those obligations.”
    • Planning major purchases. Before you book a big trip or buy a house full of furniture, review your budget and your card statement closing date to take advantage of the grace period.
    • Opening an introductory 0% APR card. If you need more than a month or two to pay for your purchases, a 0% APR card can offer an interest-free way to do so. Just make sure you can pay off the balance before interest charges apply.

    How to lower your credit card interest

    If avoiding interest altogether isn’t your reality right now due to inflationary pressures, how can you reduce the interest you pay on your credit card? Reducing your debt by consolidating it or making additional monthly payments can help ease interest rate pressures.

    “First and foremost, pay off those balances as low as possible,” says Richardson.

    Here are some ways to reduce your credit card interest charges:

    • Choose a debt repayment strategy to reduce your balance and interest charges. Use the debt avalanche, snowball, or blizzard method to pay off credit card debt. Choose what suits you best and get started.
    • Make multiple monthly payments to reduce a large balance. Paying off your entire balance may be more than you can handle, but could you spread it over two paychecks or make smaller weekly payments?
    • Consider a debt consolidation loan or a balance transfer credit card. You can transfer your high interest credit card balances to a debt consolidation loan or a 0% APR balance transfer card. You’ll still pay interest on a loan or fees on every balance transfer, but those costs are lower than what allows credit card balances and interest charges to grow unchecked.

    Can you negotiate a lower credit card interest rate?

    You can negotiate lower interest rates on your credit cards with your card issuers to help reduce your debt further.

    “The higher the interest rate, the more your payment goes to the creditor and not to your balances,” says Richardson.

    Start with the card you’ve owned the longest and has a solid payment history. You can also start with the credit card that has the highest rate, unless you haven’t had it for a while.

    Call the credit card issuer and ask for a lower interest rate, explaining why you’re asking for a discount. Generally, issuers are willing to accept interest rate cuts, although Richardson says it may be easier to get one for borrowers with low-risk behaviors. Low-risk borrowers tend to have low balances and don’t miss payments.

    Politely ask what the issuer can do for you, says Schmoll. “Remind them of your history with them, especially if you’ve been a good customer,” he says. “If there are extenuating circumstances, explain to them. The bank will obviously prefer to earn a little less interest than the possibility of you defaulting.”

    Ontario Online Poker Players Unhappy With New Provincial Market – Casino Reports

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    Despite its many benefits, Ontario’s new online gaming market has still managed to frustrate a group of gamers in the province. More recently, many online poker players have spoken out against the market, as the privatization of the industry has restricted them to playing only on provincially regulated websites or platforms with other local players.

    The Ontario iGaming and mobile sports betting marker was launched on April 4, 2022 and its introduction has essentially eliminated gray market operations. It is a way of preventing locals from pouring millions into offshore betting sites, and thus keeping some of the revenue in the province and reinvesting it as proceeds from other regulated gambling activities.

    Lack of variety and players

    The Ministry of the Attorney General has advised that currently the country’s Criminal Code restricts Ontario online poker enthusiasts to only playing with each other on provincially licensed websites. This led many players in the province to complain the lack of variety in the games, as well as the fact that they cannot play against residents of other provinces due to the new iGaming regime.

    In an email Wednesday, ministry spokesman Brian Gray said many players didn’t realize they were play on unregulated platforms, before the introduction of the new iGaming market. In its own words, the new online marketplace aims to protect consumers, promote responsible gambling and provide opportunities for companies in the sector.

    On top of that, Mr. Gray said operators and providers of the new gaming model need to adhere to rigorous standards game and operator integrity, fairness, player protection and social responsibility. He believes the measures will protect players, prevent underage access and ensure compliance with applicable laws, such as anti-money laundering rules.

    However, recently there has been a boom in complaints from poker players on social media. One consumer even pointed out that there were less than 100 people playing on a poker platform on July 1, 2022. Other players even shared their plans for move to Calgary, Albertawhere there are no online restrictions, and the city hosts the best live events in the country.

    Many online options

    Besides poker, the new provincial market for online games and sports betting offers many other options. According to the Alcohol and Gaming Commission of Ontario, so far more than 20 operators and websites were allowed to operate in the market. One of the first brands is sports betting giant DraftKings, which entered the market in May 2022.

    However, despite the many market advantages, the province reported a major concern with the new model. In early July, the AGCO reported that some users had taken advantage of a loophole in the market self-exclusion program, which allows bettors to cancel their losing bets. Due to the many operators, the self-exclusion option is not connected with each other, thus allowing players to take advantage of it.

    Source: Artuso, Antonella “Online Poker Players in Ontario Are Gathered in the New Online Gaming Market” Toronto SunJuly 13, 2022

    ‘Enough room in the sandbox’ for an often misunderstood online lottery

    Horse racing aficionados have been betting on races online for over a decade. Sports bettors in dozens of states have tried their luck since the Supreme Court ended Nevada’s virtual monopoly in May 2018. Online casino games only work in half a dozen states, but many lawmakers have noted that carriers in New Jersey, Pennsylvania and Michigan have generated more than $100 million in revenue per month per state over the past two years.

    But the online lottery is often overlooked – and even misunderstood.

    Illinois and Georgia launched online lottery gambling a decade ago, a year before Nevada legalized online poker in 2013, while New Jersey and Delaware allowed online casino gambling at all levels.

    On Saturday, iLottery got its 60 minutes in the sun. A panel on the topic took place in Boston at the National Council of Gaming State Legislators (NCGLS) three-day conference.

    The general feeling from the panel was that many legislators either don’t like the lottery or don’t understand it – and even lottery supporters sometimes mistakenly believe it should be protected from “online competition” that would be overseen by the same lottery officials who regulate convenience store sales.

    Ted Lasso and Real Housewives walk into the room

    May Scheve Reardon, executive director of the Missouri Lottery since 2009, told the audience that her previous twelve years in the state House of Representatives had prepared her well for what she might face in her new role. She recalled a former colleague and lawmaker once telling her, “You know, once in a while, it’s just good to play the lottery.”

    Scheve Reardon added that other lawmakers see the lottery as “the Ted Lasso of state agencies” – meaning they find it “clumsy”, at least on the face of it.

    Missouri has yet to pass online lottery legislation, and the director said there’s a reason almost unique to that state: term limits that send lawmakers after a maximum of eight years to the House and the same in the State Senate. In just over a dozen years, she says, Missouri has had three governors, eight Speakers of the House and six heads of the state Senate.

    The Real Housewives of New Jersey have a more cohesive cast than us,” joked Scheve Reardon. “Therese [Guidice]she knocked over a table [in an infamous scene in 2009]and she still has a role.

    With just 4.5 months in session a year to craft a nearly $50 billion budget, Scheve Reardon said state lawmakers have little time to focus on issues like considering new products such as iLottery. And just as some lawmakers have begun to fully grasp the possibilities, it’s time for them to leave the state house thanks to these term limits.

    But she warned that complacency is likely to be detrimental, saying she has sometimes felt at the helm of a taxi business that “got fooled” by unexpected new competition for passengers.

    “Now we’re going to get Uber-ed, if we don’t start selling Powerball online in all jurisdictions,” Scheve Reardon added of the multi-million dollar lottery game which is only available directly through the state lotteries in a few states. , such as the pioneers of Illinois and Georgia.

    Already, “courier” lottery companies have sprung up online to fill that void, including Jackpocket – which is officially licensed in New York and New Jersey and not specifically banned from selling tickets to online lottery in up to two dozen other states.

    “But many consumers aren’t aware of these options,” Scheve Reardon said. “If I only had a dollar for every time someone came up to me and said, ‘I forgot to play Powerball, I couldn’t go to the store,’ then I wouldn’t need to play Powerball.”

    Cannibalization of lottery revenue is a myth, panelists say

    With a decade of data now available on states offering both physical tickets and iLottery, panelists agreed the verdict fell on cannibalization issues.

    “The idea that [iLottery sales] will hurt the retail lottery is a failed argument,” said Greg Smith, president and CEO of the Connecticut Lottery Corp., whose state launched online sales in October amid a record 1 $.5 billion in traditional lottery ticket sales last year.

    Beth Bresnahan, vice president of communications for Scientific Games, cited research showing that the average age of an iLottery player is 47, compared to 55 for traditional players. Additionally, retail lottery stores in the United States grew by 20% in 2021, while lotteries in all 12 states with supposed iLottery competition saw a combined retail sales increase of 33%.

    Bresnahan said iLottery “attracts new players and raises awareness of lotteries. There’s enough room in the sandbox for everyone to play.

    Panel moderator Shawn Fluharty, a delegate to the West Virginia Legislative Assembly, recommended that lawmakers hear from state lottery officials who support iLottery as a supplement rather than “a mercenary who is a lobbyist.” paid”.

    Several panelists also pointed to the fact that most state budgets are currently teeming with cash thanks to emergency funding from the federal government due to the two-year COVID crisis, which means lawmakers may be able to balance budgets without raising taxes. Once that “honeymoon” was over, they suggested that iLottery could attract a more receptive audience in many states.

    Julin Shaw, an executive at NeoPollard Interactive – which runs New Hampshire’s online lottery – quoted Charlie McIntyre, the state’s top lottery official, as saying, “Upgrade or die.”

    Image: Shutterstock

    7 Ways to Reduce Your Credit Card Debt – InsuranceNewsNet

    WASHINGTON

    It’s the worst debt to carry in good times. It can be oppressive when the economy is struggling with high inflation, a plummeting stock market and rising interest rates.

    Do you have credit card debt? Now is the time to come up with a plan to pay off that debt as soon as possible, because it will cost even more.

    To reduce inflation, the Federal Reserve raised its key rate by three-quarters of a percentage point, its largest increase in almost 30 years. One of the implications of this decision is that interest on credit card debt will increase.

    The average credit card interest rate is now over 20%, according to Matt Schulz, chief credit analyst at Lending Tree. “The worst news for cardholders when the Fed raises rates is that they don’t just raise rates on the things you buy in the future,” Schulz said. “The rate you pay on your current balances also increases, usually within a billing cycle or two.”

    Maybe you’ve kept your credit card debt like a pet, pecking it out bit by bit with minimum payments or occasionally throwing extra cash at the balance. Or maybe your financial situation has forced you to rely on credit to make ends meet. Whatever your situation, here are seven ways to reduce your credit card debt in light of this latest Fed rate hike and more increases that are likely to come.

    1. Stop charging

    to your credit cards. Have you ever heard the expression “If you’re in a hole, stop digging?” You should stop using your credit cards if you don’t pay off balances each month. Also consider that whatever you’ve been billing for, whether it’s a TV, dinner, vacation, or clothes, will end up costing you more money in the long run if you keep rolling over the debt. .

    The share of credit card revolvers, or those who carry a monthly balance, rose 0.6 percentage points to 40.1% nationally in the fourth quarter of 2021, the American Bankers Association reported in May. The Fed said he expects more rate hikes if he can’t get inflation under control.

    “What really matters is that all of these rate hikes come on top of potential multi-percentage-point increases in credit card rates in a single year,” Schulz said. “So many people’s financial margin of error is tiny anyway. The last thing they need with their grocery bills and gas prices going up is for their interest rates to go up. on their credit card.

    2. Start paying off the smaller balance. The question I often get when it comes to credit card debt is, should I pay off my credit cards with the highest interest rate first or the one with the lowest balance first?

    On paper, the logical method would be to go into debt at the highest interest rate. But what works on paper doesn’t always work in practice. The debt reduction method that I recommend is what I call the “debt dash method”. With this, like a 100-yard dash, the goal is to make a super-fast run to debt.

    In my experience I have helped hundreds of people pay off their credit card debt, their motivation to get rid of debt increases when they get a quick win. The result is that they become more aggressive in tackling what remains of the debt, ultimately paying less interest charges than if they had started with the card with the highest interest rate. Part of the battle for debt reduction is sticking to a plan.

    With the debt dash, you list all your debts starting with the one with the lowest balance. Then, use any extra cash you can find to apply it to that first card on your list while making minimum payments on all other debts. Once you’ve eliminated that card, move on to the next one on your list, and so on. If two cards have a similar balance, the one with the higher interest rate gets priority processing.

    3. Transfer balances to a zero percent card.

    If you have good credit, you may qualify for an offer that lets you transfer your balances to a card with zero percent interest for a limited time. Zero percent balance transfer offers are still plentiful, Schulz said. “We’re even seeing a few select cards offering a full 24 months interest-free,” he said.

    But as the Fed continues to raise rates and delinquency rates rise, those offers are in danger of disappearing, Schulz said. Instead of being able to find deals for 15 to 20 months interest-free, consumers may end up finding zero percent interest for 9 to 12 months, he said.

    Generally, these cards are available to people with credit scores of 670 or higher, depending on Ted Rossmansenior industry analyst at Bankrate.com and CreditCards.com. “The average FICO score is 716, so most people should be able to qualify,” he said.

    4. Talk to your credit card issuer.

    Talking ain’t cheap when it comes to credit card debt. Many borrowers struggling with the weight of their debts never ask for help, according to Bruce McClarySenior Vice President Membership and Communications National Credit Counseling Foundation.

    Before calling your creditor, check your credit report and credit score, McClary said. It helps to know the strength of your negotiating position. “You want to make sure you know exactly what you’re going to say to the creditor, to start the conversation about finding more affordable options,” he said. “Use a high credit score to your advantage.”

    Maybe when you first got your card, your credit history wasn’t great, so you were offered a card with a high rate. But with on-time payments, you could now qualify for more affordable terms or even an interest-free credit card rate, McClary said.

    “It’s a huge win because then you can start planning the power to pay off the balance while you have that interest-free repayment period,” he said. “But these offers go to people with the best credit ratings.”

    5. Use debt consolidation or a personal loan.

    It makes sense to try to consolidate debt and make one payment, especially if you can lower the interest rate. But don’t just focus on the monthly payment, warns McClary. “What you don’t want to do is tinker with the terms to have this artificially low payout,” he said.

    You might get a lower monthly payment, but you could drag out the loan for years and end up paying more interest over time than your issuer was charging.

    6. Contact a non-profit consumer credit counselor.

    If you don’t feel comfortable negotiating with your card issuer, get help from a nonprofit credit counseling agency by visiting National Credit Counseling Foundation or by calling 800-388-2227.

    By working with a credit counselor, you can put a debt management plan in place. You make a lump sum payment each month to the nonprofit, which then forwards the payments to your creditors. By participating in this type of debt management program, you may benefit from reduced or waived finance charges or fees.

    7. Treat bankruptcy as a last resort.

    I’ve helped a few seniors overwhelmed with credit card debt for bankruptcy protection. For them, credit had become the bridge to extend their Social Security retirement checks. This is how they were able to make ends meet. Bankruptcy gave them a fresh start.

    Ask for recommendations for a bankruptcy attorney or use the Find An Attorney database for the National Association of Consumer Bankruptcy Attorneys.

    Call Michelle single at 1-800-Ask-Publish. Readers can also write to Michelle single co The Washington Post, 1301 K Street NW, washington d.c. 20071. His email address is [email protected].

    Top Malaysian Online Lottery Sites

    What are the best online lottery sites in Malaysia? Online lotteries have exploded in popularity over the past few years, and it’s not hard to see why. It’s one of the easiest and most affordable ways to earn real money without ever having to leave your house. For Malaysians looking to win a little extra cash, playing the lottery online will give you the best chance of winning big!

    How can I make money on these sites?

    If you’re looking to win real money on Malaysian online lottery sites, your best bet is to choose a site that offers a variety of games. This way, you can increase your chances of winning by playing a game that you are good at. Also, be sure to take advantage of any bonuses or promotions the site may offer. Doing so will give you even more of a chance of coming out on top. If you want to play the lotto, it’s usually best that you don’t play a lot of numbers and focus on one specific number instead. The reason is that there are many other people playing this number as well and they might beat you in the race.

    Here are some of the best Malaysian online lottery sites.

    Malaysian online lottery portal

    The Malaysian Online Lottery Portal is the most popular online lottery outlet in Malaysia. It was founded in January 2007 and the site has received a lot of acceptance since then. It offers Malaysia’s six major lotteries, overseas lotteries, and all international lottery games that Malaysian residents may like to play at home or abroad.

    Just Play Malaysia

    Looking to buy lotteries online at Malaysian casinos and sports betting sites? Just Play Malaysia is the best stop for all your favorite casino and sports betting games. The team of experts have selected the best online casinos, poker, sports betting and mobile games in Malaysia.

    Get your free lottery picks!

    Get Your Free Lottery Picks is one of the best lottery sites on the web today. Our winning tips will help you win more money playing online lotteries than you ever imagined possible. Our experts will share tips, strategies and recommendations for winning the lottery for all your favorite online lotteries.

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    SBOBET Malaysia online betting, reviews, bonus code, free bet and promotions from the best Malaysian online bookmaker with the latest gambling news, tips and updates with 1 hour customer support via live chat.

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    Oz Lottery

    Lottery Oz is the best place to start your day with free daily lottery picks and live betting odds. The most trusted news and information site for Australian and New Zealand lottery fans who love to win!

    Betting Online Lottery in Malaysia

    Betting Lottery Online Malaysia is one of the best online gambling sites for Malaysian players to enjoy all their favorite online lotteries, casino games, sports betting, poker rooms and more.

    Conclusion

    These are some of the best Malaysian online lottery sites that offer real money prizes. All are safe and secure, and each offers a different type of lottery game. So, if you are looking to try your hand at making some money, be sure to check out these sites!

    Living Arts |  Maryland Room

    Category: Local News, NEWS

    This is the average credit card balance of a 30-something

    Image source: Getty Images

    How does yours compare?


    Key points

    • Credit card debt can lead to high interest charges, which can get in the way of financial goals.
    • Too much credit card debt can also lead to a lower credit score.
    • On average, the average person in their 30s has a credit card balance of $6,568.

    As a general rule, it’s best to keep your credit card debt to a minimum, or even avoid this type of debt altogether. Credit cards are notorious for charging high interest. And the more money you spend on interest, the less you’ll have to spend on important goals and other bills.

    Plus, having a high credit card balance can actually hurt your credit score. And if your score isn’t great, you might have a hard time borrowing money — or borrowing affordably — when you need it.

    During your 20s, you might end up with a little credit card debt. This is because you may be in a situation where your bills are high and you don’t have enough work experience to demand a high enough salary to keep up. But by the time you hit your 30s, you should really try to lower your balance.

    Meanwhile, if you have a credit card balance in your 30s, you might be curious how your level of debt compares to people your age. And you might be surprised to learn that the average credit card balance for 30-somethings isn’t small.

    How much do 30-somethings owe on their credit cards?

    Average credit card balance among 30-somethings is $6,568, reports Personal capital. On a positive note, this is actually less than the average 40, 50 and 60 year old owes. But still, $6,568 is not a negligible amount, so if you have a comparable balance, it’s important to try to reduce it as quickly as possible.

    Options for Paying Off Credit Card Debt

    The sooner you can get rid of your credit card debt, the better. So whether your balance is comparable to that of a typical 30-something, higher or lower, it’s important to develop a compensation plan.

    To that end, you might want to consider a balance transfer, which allows you to transfer your various balances to a single credit card that ideally will come with a lower interest rate. You might even be able to qualify for a 0% introductory rate on your balance transfer. But if you decide to go that route, commit to taking advantage of that lower interest rate (or 0% rate) by paying off your debt, and not add to your balance unless you have absolutely no choice.

    Another option is to consolidate your credit card balances into a personal loan, then pay off that single loan as soon as you can. The advantage is that personal loans generally have lower interest rates than credit cards. They also offer fixed interest rates, so you won’t have to worry about your rate going up while you’re paying off your debt.

    Clear that debt as soon as you can

    If you’re in your 30s and have credit card debt, you’re in good company. But you should also do your best to get rid of this debt as soon as possible. As you get older, you’re likely to want to start focusing on other goals, like saving for retirement, so the less money you waste on credit card interest, the better.

    The best credit card waives interest until 2023

    If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% in 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

    7 Ways to Manage Credit Card Debt

    Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders who pay us for our services, all opinions are our own.

    If you’re struggling with credit card debt, these 7 strategies can help you manage your debt and become debt free. (Shutterstock)

    The average credit card balance was $5,000 at the end of 2020, according to the Consumer Financial Protection Bureau. If you’re struggling with credit card debt, these seven strategies can help reduce your financial burden and free you from debt.

    A personal loan is a way to manage your high interest debt. Credible, it’s easy to view your prequalified personal loan ratesall in one place.

    1. Contact your credit card company

    Begin, contact your credit card company (or several companies if you have several cards). Explain your situation and ask if there is anything they can do to help you.

    Depending on the company and your history with them, they may lower your interest rate, give you a temporary payment reduction, or change your payment due date. If you’ve been a loyal, long-time customer and have tracked your payments, they may be willing to work with you.

    APR VS. INTEREST RATES: WHAT’S THE DIFFERENCE?

    2. Make a plan to pay off your debt

    If you don’t have a budget, it’s time to make one. To get started, list all of your debts, which can include credit cards, car loans, personal loans, and student loans. Next, write down all of your essential expenses, such as groceries and utilities.

    Next, determine your monthly after-tax income so you know how much money you need to spend on your debts, as well as essential and discretionary expenses. You can track your budget manually or use a budgeting app.

    If you’re struggling to make your budget work or don’t have enough to pay off your debt, you’ll need to make a few changes. You can reduce your expenses, increase your income, or both.

    Visit Credible for compare personal loan rates from various lenders, without affecting your credit score.

    3. Pay more than the minimum

    It can be tempting to only make the minimum credit card payment each month. But paying the full balance when possible, or more than the minimum, is ideal. This is because any balance carried over to the next month will start earning interest and will cost you more each day.

    A high credit card balance can also affect your credit utilization rate, which is the amount of credit you use against your credit limit. If your credit utilization is over 30%, your credit score could drop and even prevent you from being able to take out low-rate credit cards and loans in the future.

    4. Use the debt snowball or avalanche method

    The snowball and debt avalanche methods are two debt repayment strategies you can use to pay off your credit card debt. With the debt snowball method, you focus on paying off the debts with the smallest balance first, regardless of their interest rates. This is a good option if your goal is to stay motivated and celebrate small wins.

    If you opt for the debt avalanche strategy, you will favor debts with the highest interest rates. While you won’t see your balances disappear that quickly, the avalanche of debt makes sense if you want to save as much money as possible on interest.

    DEBT SNOWBALL METHOD VS. AVALANCHE OF DEBT: WHAT’S THE DIFFERENCE?

    5. Enjoy a 0% APR Balance Transfer Credit Card

    If you want to avoid paying tons of credit card interest charges, a 0% APR balance transfer card is worth considering. It can allow you to transfer your current credit card balance to a new card and avoid paying interest for a fixed period, often six to 18 months.

    Keep in mind that you’ll generally need good credit to qualify, and you’ll likely have to pay a balance transfer fee – typically 3% to 5% of each balance you transfer. Additionally, once the APR introductory period is over, interest will begin to accrue at the card’s regular rate. Before going ahead with a balance transfer card, make sure that you will be able to pay off the balance at the end of the introductory period or you could find yourself back at square one.

    6. Review your monthly spending habits

    Chances are you have expenses that you can reduce or even eliminate altogether. Take a close look at your monthly spending habits and get creative with spending less and saving more.

    For example, if you have a gym membership that you rarely use, you can cancel it. You can also prepare most of your meals at home rather than ordering takeout or dining out. Another option is to downsize to a smaller apartment or house, or find a roommate to share housing costs.

    Every change, big or small, in your drinking habits can make a positive difference in your efforts to pay off credit card debt. The less you spend, the more you will need to invest in your credit card balance.

    7. Consider taking out a debt consolidation loan

    A debt consolidation loan is an unsecured personal loan that allows you to combine multiple debts into one loan that may include a lower interest rate and a fixed repayment schedule. This strategy can make it easier to pay off your credit cards because you only have to worry about one payment, instead of multiple payments.

    You might also be able to save hundreds or even thousands of dollars in interest charges and pay off your credit cards faster. The downside is that it can be difficult to qualify for the best rates on a debt consolidation loan unless you have good to excellent credit.

    You may also have to pay fees on the loan, such as origination fees. Also, a debt consolidation loan won’t help you if you’re tempted to increase your credit card balances again. Still, this type of loan can be a good option for consolidating your high-interest debt and can get you out of debt faster.

    If you are looking for a debt consolidation loan, visit Credible for compare personal loan rates to find the one that suits your needs.

    Online Bingo Games Market SWOT Analysis by 2028

    0

    New Jersey, United States – The Online bingo games market The research report aims to provide a quick overview of the overall industry performance and important new trends. Important information, as well as conclusions, latest key drivers and constraints, are also described here. A wide range of quantitative and qualitative techniques are used by market analysts, including in-depth interviews, ethnography, customer surveys, and secondary data analysis. It becomes easy for major players to collect important data regarding key organizations along with information such as customer behavior, market size, competition and market needs. By referring to this Online Bingo Games Market research report, it becomes easy for key players to take evidence-based decisions.

    This Online Bingo Games Market research report adds the potential to impact its readers and users as the growth rate of the market is affected by innovative products, increasing demand for the product, the wealth of raw materials, increasing disposable incomes and changing consumer technologies. It also covers the effect of COVID-19 virus on market growth and development. Market participants can briefly study the report before investing in the market and expect higher returns. According to the report, the market scenario continues to fluctuate based on many factors.

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    Several industries are interested in determining what the customers really want and the Online Bingo Games market report helps in this regard by carrying out detailed market research. Before bringing a new product to market, every business owner wants to know the demand for the product, and this market research report is the best guide for them. It further helps in meeting business requirements by covering all the latest advances in the market. The Online Bingo Games Market report is the best way to keep a close eye on the activities of leading competitors as well as the strategies they are deploying for the expansion of their business. It further conducts in-depth analysis for the 2022-2028 assessment period to provide more business opportunities for business owners.

    Top Key Players in Online Bingo Games Market Research Report:

    NetEnt, GVC, 888, Ladbrokes Coral Group, Fortuna Entertainment, Playtech, William Hill, Kindred, Amaya, Paddy Power Betfair

    Key Segments Covered in Online Bingo Games Market – Industry Analysis by Types, Applications and Regions:

    Online Bingo Games Market – Type Outlook (Revenue, USD Million, 2017 – 2029)

    • Poker
    •Casino
    • Sports betting
    • Other

    Online Bingo Games Market – Application Outlook (Revenue, USD Million, 2017 – 2029)

    • Entertainment
    • Commercial
    • Other

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    Scope of Online Bingo Games Market Report

    ATTRIBUTES DETAILS
    ESTIMATED YEAR 2022
    YEAR OF REFERENCE 2021
    FORECAST YEAR 2029
    HISTORICAL YEAR 2020
    UNITY Value (million USD/billion)
    SECTORS COVERED Types, applications, end users, and more.
    REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
    BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
    CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

    Regional Analysis For Online Bingo Games Market:

    The Online Bingo Games Market research report details current market trends, development outline, and several research methodologies. It illustrates the key factors that directly manipulate the market, for example, production strategies, development platforms, and product portfolio. According to our researchers, even minor changes in product profiles could lead to huge disruptions in the factors mentioned above.

    ? North America (United States, Canada and Mexico)
    ? Europe (Germany, France, UK, Russia and Italy)
    ? Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
    ? South America (Brazil, Argentina, Colombia, etc.)
    ? Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

    What insights does the Online Bingo Games market report provide readers?

    ? Fragmentation of online bingo games based on product type, end use and region
    ? Comprehensive assessment of upstream raw materials, downstream demand and current market landscape
    ? Collaborations, R&D projects, acquisitions and product launches of every online bingo game player
    ? Various regulations imposed by governments on the consumption of online bingo games in detail
    ? Impact of modern technologies, such as big data and analytics, artificial intelligence and social media platforms on online bingo games

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    How to Pay Off Credit Card Debt: Strategies for Financial Freedom

    This summer is the perfect time to start the road to financial freedom by paying off credit card debt and mastering longer-term loans once and for all. Let us show you strategy after debt repayment strategy, so you’ll have plenty of advice at your fingertips.

    Ask for lower interest rates on your existing credit cards

    Before you start increasing your credit card payments, contact your credit card companies, especially those with which you have large balances and higher interest rates. Assuming your account is otherwise in good standing, you can get a credit card interest rate reduction simply by calling and asking. The reason? Credit card companies want to keep their good customers. So if you pay your credit card bills on time, it’s worth asking for a lower rate. “Ask for lower interest rates, you have nothing to lose and you might be pleasantly surprised,” says Tara Alderete, director of corporate learning at International financial management.

    Transfer balances to cards with lower interest rates

    If you have high balances on your existing cards, consolidating your debt onto a new credit card with a lower interest rate can save you money on interest charges. The best balance transfer cards offer lower rates on balance transfers, but be aware that you must have good credit to qualify. “In some cases, you may even be eligible for an initial interest-free repayment period,” says Bruce McClary, senior vice president of memberships and communications at the National Credit Counseling Foundation. “The lower your interest rate can be, the easier it is to pay off your debt faster.”

    Before applying for a new card, watch out for balance transfer fees, which could cost you 3% to 5% of the transferred amount. Also consider the new card’s credit limit: if it’s significantly lower than the amount you already owe, you won’t be able to transfer much of your debt. Another downside: a card with a good balance transfer offer may not offer rewards points, which you might miss out on if you opt for a card that offers bonuses for spending in certain categories.

    Pay more than your credit card minimum payments

    Credit: commented / Getty Images / Aleksander Kaczmarek

    To advance your credit card debt, you will have to pay more than the minimum card payment.

    The first step to tackling credit card debt is to get into the habit of paying more than the minimum payment on a card. While making a minimum payment will keep your account in good standing, it’s not the fastest or most financially sound way to get out of debt.

    One way to understand how it works is to consider this example from Becky House, Director of Strategic Initiatives for American Financial Solutions. If you have a credit card with a balance of $2,000 and an interest rate of 18%, it will take you 10 years and 11 months to pay off if you only make the minimum monthly payments of $35. You’ll also pay $2,574.43 in interest, yes, more than double what you originally owed! By increasing the payments to $50 per month, you reduce the term to 5 years and 2 months and the interest amount to $1,077.15.

    “No matter how much you can add to your minimum payment, it helps you pay off debt faster and save on interest and fees over time,” McClary says.

    Focus on the cards with the highest interest rate

    Person holding credit card and mobile phone smiling.

    Credit: commented / Getty Images / Moyo Studio

    Paying off a credit card with the most interest charges is a good strategy for paying down debt.

    Let’s say you have more than one card in debt and you are unable to increase your monthly payments much beyond the monthly minimum. “Focus first on the credit cards that charge the most interest,” says McClary.

    Exceptions are if you also have an overdue or already debt collection account. In these cases, you’ll want to settle your delinquent account first to make it current, and then move on to paying the credit card account that’s costing the most interest. You’ll want to pay as much as you can on this card per month, once you’ve covered at least the minimum payment for every other card that has a balance (lest you leave any of the those fall into a situation of late payment).

    Postpone payments when you pay a card

    Paid a credit card? Congratulations! You can now apply the money you paid on this credit card to another account. It’s a great way to maintain your payment momentum or “defer” payments you were making on the card with the next highest interest rate.

    “For example, if you’re paying off a credit card, instead of putting that money back into your budget, start sending it to another creditor that you owe,” House says. “These larger payments will help eliminate that debt faster.”

    Manage your other debts

    Person touching phone screen

    Credit: commented / Getty Images / Chainarong Prasertthai

    Once your credit accounts are in good standing, managing other debts will become easier.

    Once your credit card accounts are in good standing, you can focus on the other debts of your life. Do you have student loans, car loans and/or home loans? Now you should turn your attention to these types of debts. “Refinancing and consolidation are options for borrowers with good credit,” McClary says. “For those who are eligible, the right approach can result in interest savings and minimum monthly payments.”

    By refinancing your loans, you can save on interest charges over the remaining term of the loan. And less interest means more money in your pocket. Start with your lending bank or credit union and learn about refinancing options. You will also want to look at online lenders. Choose the lender offering the best rates based on your credit. When you refinance, you can also consolidate loans into one new loan at a new, lower interest rate.

    Whether you’re refinancing or continuing to pay off the original loan, pay more than the monthly payment and you’ll really make progress in paying down your debt.

    Enjoy life without debt

    People enthusiastically throw papers in the air.

    Credit: commented/Getty Images/PeopleImages

    Becoming debt free will untie your funds for future projects.

    Once you’ve paid off your last credit card and mastered any other loans you owe, your financial life will be a lot better for it. Living without credit card debt in particular has many benefits.

    “In addition to not having big monthly credit card payments that eat into your budget, you also don’t have to worry about all the money you’re paying in interest,” McClary says. You have extra money to grow your savings or put back into your budget. With inflation driving up the cost of living, having a little extra cash for groceries or gas can be a big help.

    Plus, the stress of living with credit card debt is over and you can focus on your next financial steps breathing easier. Enjoy your new found freedom.

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    Prices were accurate at the time this article was published, but may change over time.

    “The key is not to be paralyzed by fear.” Now is the time to be proactive before higher rates show up on your credit card bills.

    Credit card debt can be difficult to manage, even at the best of times, but increasingly high interest rates add to that challenge.

    In June, the Federal Reserve announced a 0.75% increase in the federal funds rate – its largest increase in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

    But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

    Why You Should Prioritize Credit Card Debt

    Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed-rate products like personal loans may not see as much of a change in interest rates when the federal funds rate rises, variable-rate products like credit cards likely will.

    Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

    It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

    “When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

    See: Americans are feeling increasingly uncomfortable with their savings. Here’s why.

    Tackling Your Credit Card Debt: First Steps

    Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

    First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

    Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

    Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you might remember not using a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that surprise you.

    “Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

    Also on MarketWatch: How to find strength and allies to confront stereotypes, discrimination and microaggressions

    Other Strategies to Fight Credit Card Debt

    If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

    Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, says Davis, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

    Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

    Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

    At 0% balance transfer card is one of the best ways to consolidate your debt whether you have good or excellent credit (690 or more FICO FICO,
    +1.84%
    score). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

    If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

    Don’t miss: It all started with a guitar and turned into a $20,000 debt: How I paid it off in 8 steps

    Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

    A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may be charged a start-up fee and monthly fee for using this service.

    More from NerdWallet

    Jackie Veling writes for NerdWallet. Email: [email protected]

    The Online Casino Software Market Will See Skyrocketing Growth

    0

    online casino software market Research Report 2022 This research report provides Covid-19 outbreak study accumulated to offer latest insights about acute characteristics of the Online Casino Software market. This intelligence report includes investigations based on Current Scenarios, Historical Records, and Future Predictions. The report contains different market forecasts related to the market size, revenue, production, CAGR, consumption, gross margin, charts, graphs, pie charts, price, and other important factors. While emphasizing the major driving and restraining forces of this market, the report also offers a comprehensive study of future trends and developments of the market. It also examines the role of major market players involved in the industry including their company overview, financial summary and SWOT analysis. He presents the 360 degree overview of the competitive landscape of industries. The online casino software market shows steady growth and CAGR is expected to improve over the forecast period.

    Manufacturer’s detail
    IGT
    playtech
    Micro game
    Betconstruct
    Softgamings
    Betsys
    BetRadar
    SB Tech
    Digitain
    GammaStack
    Each die
    SB betting software
    Novomatic

    Product type segmentation
    On the site
    Cloud-based
    Industry segmentation
    Personal use
    Company

    Global Online Casino Software Market Report provides you with in-depth insights insights, industry knowledge, market forecasts and analysis. The Global Online Casino Software Industry Report also clarifies economic risks and environmental compliance. Global Online Casino Software Market Report Helps Industry Enthusiasts Including Investors and Policy Makers Gain Confidence capital investments, develop strategiesoptimize their business portfolio, innovate successfully and perform in a safe and sustainable manner.

    online casino software market: The regional analysis includes:

    • Asia Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
    • Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
    • North America (United States, Mexico and Canada.)
    • South America (Brazil, etc)
    • The Middle East and Africa (GCC countries and Egypt.)

    Main points covered in the table of contents:

    • Insight: Along with a broad overview of the global Online Casino Software market, this section provides an overview of the report to give an idea of ​​the nature and content of the research study.
    • Analysis of the strategies of the main players: Market players can use this analysis to gain a competitive advantage over their competitors in the online casino software market.
    • Study on the main market trends: This section of the report offers a deeper analysis of recent and future market trends.
    • Market Forecast: Buyers of the report will have access to accurate and validated estimates of the total market size in terms of value and volume. The report also provides consumption, production, sales and other forecasts for the Online Casino Software market.
    • Regional Growth Analysis: All major regions and countries have been covered in the Online Casino Software Market report. The regional analysis will help market players to tap into unexplored regional markets, prepare specific strategies for target regions, and compare the growth of all regional markets.
    • Sector analysis: The report provides accurate and reliable forecasts of the market share of important segments of the online casino software market. Market players can use this analysis to make strategic investments in key growth pockets of the Online Casino Software market.
    • Free report data (in the form of an Excel data sheet) will also be provided upon request with a new purchase.

    Key questions answered by the report include:

    • What will be the market size and the growth rate in 2028?
    • What are the key factors driving the global online casino software market?
    • What are the key market trends impacting the growth of the Global Online Casino Software Market?
    • What are the challenges of market growth?
    • Who are the major vendors in the global online casino software market?
    • What are the market opportunities and threats faced by the vendors in the global Online Casino Software Market?
    • Trending factors influencing the market shares of Americas, APAC, Europe and MEA.
    • What are the key findings of the Five Forces Analysis of the Global Online Casino Software Market?

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    Future Trends in the Online Bingo Industry – European Gaming Industry News

    0
    Reading time: 3 minutes

    The world of bingo has developed over the past decades. A few years ago, it was unimaginable that such a classic game could be enjoyed on a computer screen or a mobile phone – the number of suppliers willing to invest in this game is increasing every year. Even non-GamStop bingo sites welcome thousands of new players every day, and the frenzy isn’t expected to stop anytime soon for a game that’s now considered part of online gambling. .

    Bingo past and present

    If we want to fully understand the route bingo is taking in the digital world, we need to go back in time and see how bingo became a fixture in the gaming world. The history of bingo dates back to the 16th century in Italy when the game In Gioconda del Lotto appeared for the first time. Arrived later and popularized by the nobility of neighboring France, it was not long in spreading to the rest of Europe in the 18e century.

    Our current idea of ​​bingo began in the 1920s at carnivals and fairs, and it only developed after the Betting and Gaming Act of 1960 and the launch of Mecca Bingo. Bingo has managed to adapt and thrive in the new digital market as the first online bingo game, Bingo Zone, launched in 1996. The game is undoubtedly one of the biggest revenue generators in the UK. United due to the game’s gross return, generating £1 billion between 2018-2019 alone, and the revenue figures keep rising. Online software development has benefited gaming sites, and bingo is no exception.

    Digitization and innovations in bingo games

    Bingo’s online presence has only further popularized the game, allowing experienced players to play wherever they please while introducing new players to the game. Through their favorite online gaming sites, UK bingo players are currently spoiled for choice in 2022 with a great selection of websites where anyone can enjoy a good game.

    Remote gaming has grown exponentially from 2008 to the current decade. Even though the Covid-19 outbreak has sent land bets plummeting, it shows no signs of stopping or drastically declining. Online games, bingo included, are here to stay. It’s easy to see how other innovations and technological advances enhance the online gaming experience, among which online bingo is included for veterans and newcomers alike.

    As technology advances, users will demand better services and gaming experiences. Software companies are partnering with online bingo services for an enhanced and more personalized gaming experience, offering new themes and enticing offers to attract new players and retain existing ones. Gamers will start demanding better themes, animations, music, environments and avatars to personalize their gaming experiences.

    Certain technologies, such as virtual reality (VR) and digital currency, are exciting news for bingo fans as they will take the bingo experience into uncharted territories.

    Virtual reality is a technology that, through a headset, allows its users to enter and interact in a simulated environment alongside other players. This offers online bingo players the opportunity to be transported to special online bingo rooms tailored to their tastes, giving players the feeling of actually playing bingo at their sweet spot from the comfort of their living room.

    Cryptocurrency, mobile bingo and security measures

    Even cryptocurrency is starting to be implemented in bingo games as some casinos allow players to use digital currency to play. It is not difficult to imagine that this trend will continue to develop. It’s only a matter of time for that to happen, as digital currency is becoming more mainstream and more secure than traditional currency.

    When considering technological advancements regarding bingo games, one cannot ignore mobile technology which allows players to enjoy bingo games on the go and wherever they are, making the game accessible to anyone. interested. Many bingo sites are beginning to update their online services to incorporate mobile compatibility into their games, providing bingo players with an accessible, entertaining and secure service.

    Casino security is another important aspect of gambling that cannot be overlooked. As online gaming becomes more popular, cyberattacks designed to disrupt the gaming experience, steal money, or even hold a gaming site to ransom are becoming more common. Casinos are well aware of this issue and ensure that their security is constantly updated with proper software, well-trained staff and strong firewall administration. As online gaming becomes more prevalent, online security services need to update and evolve accordingly to ensure players are protected while enjoying their favorite game.

    Should I use a loan to pay off a credit card?

    Back in the pandemic, people were taking advantage of ultra-low interest rates to repay record amounts of non-mortgage debt. This year, however, the Bank of England has raised interest rates in an effort to tame the specter of inflation.

    Should borrowers take this opportunity to pay off their credit card debt by taking out a low-interest line of credit for a limited period?

    While on the one hand paying lower interest on your debt seems like a good strategy, on the other it means taking on new debt to pay off the old one.

    So what should you do? As always, the answer is not an outright “yes” or “no”, but rather “it depends”. Considerations include your own financial situation, the causes of debt accumulation, your ability to repay, and anticipated future income and expenses.

    If you decide to consolidate your credit card debt and pay it off with a line of credit, here are some tips on how to approach it:

    Think before acting

    The logic of moving your debt from a higher interest rate product to a lower interest rate product is sound, but there are some things to keep in mind, says Anne Arbour, financial educator at the Credit Counseling Society, a registered non-profit service for consumers. .

    “The most important of these is having and sticking to a disciplined plan to pay off that line of credit without taking on new debt in the meantime,” she says.

    “That means not using the excuse of a lower interest rate to add to your line of credit borrowing beyond what you’ve used to pay off your credit card(s).”

    To do this in a lasting way, one must understand why the debt arose in the first place. Was the decision to go into debt motivated by a one-time life event? If so, do you have the resources to direct you to the line of credit to clear it permanently within a specific time frame?

    If it’s about living beyond your means and then relying on credit to make up the shortfall, “you risk increasing your indebtedness on an ongoing basis,” Arbor says.

    Many resources are available to consumers to deepen their understanding and knowledge of their personal and unique financial situation. In the UK, Citizens Advice will give you many options, including information on debt relief orders and repayment plans.

    Understanding Terms

    Know and understand all terms and conditions of any product before signing on the dotted line. Ask lots of questions and make sure you understand the answers. Some questions include:

    • What is the interest rate?
    • What are the monthly payment requirements?
    • Is the lowest rate offered continuously or is it only available during a promotional period?
    • Are there administration fees?
    • What are the late penalties? Are there prepayment penalties?
    • What are the terms of the loan?

    “All of the answers to these questions could easily negate the benefits of a low-interest product,” Arbor warns.

    How should I manage my consolidated payments?

    It is important to have a firm plan for paying off the line of credit before committing to it.

    “Make sure you stick with this plan throughout, no matter how many flexible payment options you have,” Arbor says, noting that consumers should resist the temptation to treat LOC like a credit card and to make only the minimum payment required each month.

    That would mean additional interest and a longer payback period, she adds.

    Having a good understanding of your numbers and knowing how much extra you can afford to repay any outstanding amount on a line of credit can save you a lot of time and money.

    “Use a budget construction tool and debt calculators can help you create that realistic and achievable plan,” Arbor notes.

    Keep an eye on the risks of debt consolidation

    One of the main risks is not understanding how the debt accrued in the first place. Was it unusual circumstances or poor financial decisions? Ask yourself the question: “Is debt consolidation a band-aid solution that leaves you vulnerable to accumulating more debt in the future? [and] Are there other options that can help you have a more permanent impact on your financial future? »

    Another key risk is not knowing your true ability to make timely and ongoing payments, even at a lower interest rate, which could further damage your creditworthiness.

    “There may be better options available to you, such as a debt management program, which can help you make permanent change by consolidating your debts into one monthly payment and negotiating with your creditors. to reduce or completely eliminate interest, so you pay off your principal amount even faster,” argues Arbor.

    Borrowers must also weigh the risk of taking out more credit than they actually need. “Many financial institutions will offer a higher credit limit than you might need to pay off all of your existing debt, and that extra, lower rate cushion can be very tempting to use,” she warns.

    Establish a repayment period

    There are many online debt calculators that can help consumers determine how long it will take them to pay off their debts. Steadfast discipline goes a long way in repaying the loan on time.

    “While a fixed loan will have a repayment deadline, most lines of credit are, like a credit card, open and renewable, allowing the consumer to repay and reborrow,” she says. “This is where understanding the terms and conditions of the specific product you are signing up for becomes critical.”

    Failure to pay monthly installments by the due date can result in accrued interest, damaged credit rating, and reduced credit rating.

    Also, avoid treating a line of credit like an ATM. It can be tempting to access funds when you are going through a weak moment. Once you’ve consolidated your debt, put those credit cards away until at least the debt slate has been cleared.

    Don’t be “tempted by the shiny new zero balance on your credit card(s) to start building that debt up again,” Arbor warns.

    If you’re still not sure where to start, consult a qualified professional who can help you develop a plan to settle your debt within your financial means.

    Why do big companies like Microgaming casinos make deals with competitors?

    0

    The gaming industry is a large and highly profitable market that engages millions of customers worldwide. This industry involves different types of participants who usually compete for the attention of gamers. In a traditional gaming process lifecycle, software developers create various projects like table games, video poker or video slots, then top online casinos list these games and players enjoy them.

    roulette-casino
    1 credit

    Typically, a regular casino software provider wants to acquire as many customers as possible and promote their own unique services. Other developers are rivals, in this case. However, sometimes big brands like the software company Microgaming enter into strategic partnership agreements with market opponents. At first glance, this seems absurd. But the online gambling world follows traditional business rules and companies know it.

    If you want to know why teams like Microgaming casinos decide to work together, read on! We will talk about various market games, casino specifications, unique features of Microgaming casino operators, customer preferences, advertising tricks, casino bonuses and, surely, real money which is the main goal of any business. Let’s go!

    The current state of the iGaming market

    In short, the gaming industry has three main types of parties involved that need to make various connections to maintain the whole ecosystem:

    1. Software developers: NetEnt, Microgaming, Playtech and others. They design all the games you play and the desktop casino systems you use.
    2. Online Casinos: Casumo casino, Palace casino, Gaming Club, Betway casino, Spin casino, Guts casino, Roxy Palace, Vegas casino, Jackpot City, etc. They place the games on their websites and allow users to play them.
    3. Players: you and me. People who open Microgaming sites and other platforms to enjoy listed casino games.

    As you may know, developers create games and other apps for casinos, then operators buy or rent that software, and users access favorite games through desktop or mobile casinos. It’s a typical scenario.

    Moreover, it is natural for companies to compete with other companies in their niche, i.e. developers “combat” other developers, while casinos “compete” against each other. other gambling sites. The best online casinos get the maximum profit, obviously.

    Still, there are more nuances than just market fights. They are described in the next section where we explain why the best Microgaming online casinos also work with other providers. Simply put, in this case they can get more games including online blackjack, roulette, and baccarat.

    Basic Relationship Types

    Like any other business environment, the online gaming industry is centered around three main forms of business interactions. More often than not, the teams compete against each other. Sometimes big brands like the king of gaming – Microgaming buy out small independent groups. Additionally, teams can cooperate on equal terms to gain valuable benefits. To fully understand why this or that type appears at any given time, you can explore the following three points.

    Competition

    This is the most typical and traditional market condition for popular online casinos. They aim for significant growth therefore always fighting for two crucial resources: money and customers. The best Microgaming casinos and other sites have hundreds of thousands of customers and make insane profits because they offer top notch slot games with or without progressive jackpots, online roulette, craps, baccarat, blackjack, poker and more. many other titles. They even include casinos with live games streamed from real studios.

    In a nutshell, the competition is well known to all market players. But big fish can hardly achieve success in this game without other forms of interaction.

    Acquisition

    The second approach is to consume and eliminate. Following our analogy, acquisition is a situation where large fish companies eat smaller ones. Then these small independent studios continue to operate in the big system under the name of a famous brand such as Microgaming. The games they make are listed as the products of this new parent company, but at least the developers can enjoy their work and get decent pay.

    Moving on to the examples, let’s just look at the official report list of teams working with Micro game online casinos. Currently, there are six names:

    • All41 Studios
    • Fortune Factory Studios
    • Fronde Studios
    • Stormcraft Studios
    • Change studio
    • Triple Edge Studios

    The brand’s latest acquisition was Fortune Factory Studios in 2018. Other famous companies are also following this path as big companies are always on the lookout for new creative ideas and relevant skills. These independent studios may still come up with some cool online casino games, but their projects will boost a big fish’s market presence, not their own. This approach isn’t entirely fair to both parties, so developers often look for a pure partnership.

    Partnership

    Here we have two different forms of strategic partnership between game companies. Let’s take a quick look at both to get a clearer picture. Since we are talking about a famous company, here are two shining examples:

    1. Microgaming + Mansion (developer + operator). The Isle of Man team has partnered with the Gibraltar-based company to deliver brilliant casino slots and other games to gambling websites. Thus, the first brand can promote its famous creations like Mega Moolah and Thunderstruck II while the second team gets more customers.
    2. Microgaming + Evolution Gaming (developer + developer). This example shows that rivals can easily become partners. In short, this means that Microgaming casinos should exclusively list Live Dealer games from Evolution. Thus, two parties cooperate to provide the best live experience to a wide audience.

    As you can see, the first form is not about competitors, actually. It is characterized by cooperation between the best casinos and software providers, so this partnership is vital for the entire market. Without interaction between operators and developers, players could not access the game selection from Microgaming or other leading developers.

    On the other hand, the second form is the most unusual. It represents the cooperation between two software publishers who usually compete. Cooperation between these parties is quite rare and is dictated by market conditions. When both companies realize that they can benefit from this partnership, they accept the terms and conditions of the “game”.

    Key Reasons to Cooperate with Market Competitors

    While the most traditional form of market coexistence for game companies is competition, they can also benefit from cooperating with adversaries. These benefits can include high financial profits and customer expansion. Without diving into the depths of marketing, let’s take a look at the most common reasons for cooperation between award-winning casinos, top providers, and other related parties.

    • Avoid takeovers. Sometimes small businesses with unique characteristics may initiate a partnership agreement to protect themselves from acquisition by larger brands. Often, this scenario is common for the mobile games industry where indie developers can share their experience with desktop-oriented teams.
    • Improve the quality of games. It’s obvious that competition leads to better outcomes for customers, as companies try to beat each other by offering better options. However, cooperation can also improve the user experience. For example, the mentioned partnership between Evolution and Microgaming leads to bonuses for players as they now have smoother and better live casinos.
    • Exchange of experience. As we mentioned, teams doing projects for mobile devices can share their knowledge with desktop companies and vice versa. Cooperation helps to create better slot machines and other cool stuff, for example, you can play your favorite Jurassic Park using any gadget.
    • Get better casino reviews. Finally, the benefits listed lead to increasing customer loyalty. People tend to appreciate all-in-one services because they can enjoy various games in one place. Thus, a casino room with applications from different providers is more likely to succeed and engage new users.
    • Solve global problems. Last but not least, there are certain gambling issues that businesses have to deal with. For example, violating responsible gaming principles can result in casino bans and penalties. Therefore, when developers accept the privacy policy and agree to protect fair play, they are more likely to work with the bright minds of other industries.

    On the whole, these reasons are not enough to force companies to cooperate instead of compete. But partnerships are quite popular now, so we can expect even better results from the joint work of developers. Probably we will see innovative mobile games, unique payment methods or cool deposit bonuses without WR, who knows…

    Potential consequences

    The gambling market is currently undergoing major transformations. Blockchain-based casinos and online slots enter the game, governments introduce new regulations and NGOs fight addictions by imposing strict rules of the game. All over the world, from the UK to Australia, casinos (both mobile and desktop) are trying to retain their customers. The power of cooperation is now undeniable. It is possible that the market will consolidate and we will see a new monopoly. Yet, it is even more possible that the competition will become more aggressive and disruptive. We’ll see.

    All rights reserved.

    Rising interest rates mean it’s time to eliminate your credit card debt

    (NerdWallet) – Credit card debt can be difficult to manage, even at the best of times, but ever-higher interest rates are adding to that challenge.

    The Federal Reserve announced a 0.75% increase in the federal funds rate – its biggest hike in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

    But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

    Why You Should Prioritize Credit Card Debt

    Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed rate products like personal loans may not see as much change in interest rates when the fed funds rate rises, variable rate products like credit cards likely will.

    Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

    It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

    “When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

    Tackling Your Credit Card Debt: First Steps

    Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

    First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

    Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

    Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you might remember not using a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that surprise you.

    “Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

    Other Strategies to Fight Credit Card Debt

    If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

    Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, says Davis, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

    Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

    Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

    At 0% balance transfer card is one of the best ways to consolidate your debt if you have good or excellent credit (FICO score of 690 or higher). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

    If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

    Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

    A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may be charged a start-up fee and monthly fee for using this service.

    Here’s How to Stay Debt Free After Credit Card Consolidation

    Get the most out of your debt repayment plan by taking these simple financial steps after consolidating your credit card. (iStock)

    Bundling variable rate credit cards into a fixed rate personal loan can help you pay off debt faster, lower your monthly payments and save money on interest charges over time. But while credit card consolidation is a popular way to get rid of debt, it can be tempting to raise your credit limit again after paying off balances.

    “If you consolidate your credit cards and keep spending the same amount as before, you’ll end up in the vicious cycle of credit card debt,” said Ryan J. Marshall, a certified financial planner (CFP) based in Wyckoff, NJ.

    Keep reading for tips on how to stay debt free after consolidating your credit card. And if you’re considering paying off your credit card debt with a personal loan, it’s important to seek the lowest interest rate possible for your financial situation. You can visit Credible to compare personal loan rates for free without affecting your credit score.

    SHOULD I REFINANCE MY MORTGAGE TO CONSOLIDATE A DEBT?

    Create a strong emergency fund

    An emergency savings fund can help you avoid high-interest credit card debt when you’re faced with a job loss or an unexpected expense, like car maintenance. or home repairs. Zachary Bachner, CFP in Sterling Heights, Michigan, said your emergency savings should cover about three to six months of living expenses.

    “Setting aside those savings will allow you to pay for any unexpected expenses and save you from having to charge the expense to a credit card or possibly a personal loan,” Bachner said.

    Increasing your savings may seem like a difficult task if you’re already struggling to balance your budget, but it doesn’t have to be. Setting up automatic transfers from your paycheck to your emergency fund can help you boost your balance without even thinking about it.

    “Ask your employer to send money directly to your savings account, so you don’t see there’s money to spend,” said Texas-based CFP Jordan Benold.

    Another strategy is to put your emergency fund in a high-yield savings account that grows with time and interest. You can visit Credible to compare savings account rates from multiple banks at once.

    PROS AND CONS OF BALANCE TRANSFER CREDIT CARDS

    Track your spending habits with a budget

    According to Marshall, debt consolidation is the easiest part of achieving a debt-free lifestyle – “The hardest part is the behavior of setting a budget and sticking to it.”

    Creating a sustainable budget can give you valuable insight into managing your money, so you can identify areas where you might be overspending. You may find that you are spending more than you earn, which can be the cause of credit card debt.

    “By limiting your spending, you can remove the need for debt on a monthly basis,” Bachner said. “It’s important to track every dollar of income and match it to an expense or savings goal.”

    To get a better idea of ​​how you manage your finances, enter a few months of bank statements into a spreadsheet. There are also several free budgeting apps like Mint and Personal Capital that can help you track your purchases automatically by securely logging in through your bank.

    HOW TO MAXIMIZE YOUR CREDIT CARD REWARDS

    Look for ways to increase your income

    Inflation has been rising at a record annual rate in 2022 so far, which means the money you earn loses purchasing power over time, according to Greg Giardino, a CFP in Tarrytown, NY. reducing your expenses may not be enough to help you offset the impact of rising consumer prices, it may be necessary to increase your monthly income to avoid taking on more credit card debt.

    However, it is not practical for all breadwinners to take on a second or third job. Less time spent at home can mean higher child care costs or other additional expenses. Before you start looking for side gigs in your local classifieds section, start by asking for a raise at your current job. When negotiating for a higher salary, do your research to see how your earnings compare to others in your industry to use as a benchmark.

    In some cases, you might consider applying for a higher paying job. A recent Pew Research Center survey found that many American workers who left their jobs in 2021 were able to find new jobs with higher pay. By changing careers, you may be able to earn enough money to fund a debt-free life.

    If you’re struggling with higher credit card balances due to inflation, you might consider debt consolidation with a personal loan at a lower interest rate. You can learn more about credit card consolidation by contacting a knowledgeable expert from Credible.

    DEFAULT STUDENT LOAN BORROWERS WILL RECEIVE ‘FRESH START’ UPON END OF FORGIVENESS

    You have a financial question, but you don’t know who to contact? Email the Credible Money Expert at [email protected] and your question might be answered by Credible in our Money Expert column.

    Rising interest rates mean it’s time to eliminate credit card debt

    Credit card debt can be difficult to manage, even at the best of times, but increasingly high interest rates add to that challenge.

    On Wednesday, the Federal Reserve announced a 0.75% increase in the federal funds rate – its largest increase in nearly 30 years. Increases in this rate tend to make borrowing more expensive, which means maintaining a balance on your credit card can become more expensive.

    But by creating a plan to pay off your credit cards in the coming months, you can save money on interest. Whether you’re tackling debts one at a time or consolidating under a fixed rate product like a personal loan, there are strategies that can help.

    Why You Should Prioritize Credit Card Debt

    Most credit cards have a variable interest rate, which means the rate can go up and down depending on a few factors, including market conditions. While fixed rate products like personal loans may not see as much change in interest rates when the fed funds rate rises, variable rate products like credit cards likely will.

    Higher rates on credit cards mean people will start paying more for a balance, at a time when household budgets are already stretched due to rising consumer costs, says property expert Jeff Arevalo. -be a financier at the non-profit credit counseling agency GreenPath.

    It can also mean that progress on other important goals, like saving for a house, is being sidelined as more people focus on making ends meet. However, Arevalo says there is still plenty of time to get ahead of a rising rate environment.

    “When [the Federal Reserve increases] interest rates, it can take a month or two for it to have a full impact on credit cards, so ideally consumers can be proactive,” he says. “If you know these changes are coming and you’re carrying these higher credit card balances, the key is not to be paralyzed by fear.”

    Tackling Your Credit Card Debt: First Steps

    Brittany Davis, a certified financial counselor who works with people struggling with credit card debt, says the first steps to getting out of debt can be the hardest for clients.

    First, you have to face the extent of your debt. Davis advises keeping track of your balance, minimum monthly payment, and interest rate for each credit card to get an overview of what you owe.

    Then, she says, you can use an online tool, like a debt repayment calculator, to plug in the numbers and compare different strategies. Two popular winning strategies are the avalanche and snowball methods. With the avalanche method, you start with the debt with the highest interest rate and work your way down, which generally saves you time and money on interest. With the snowball method, you start with the smallest debt and progress gradually, which builds motivation.

    Another advice from Davis: Stop using your credit cards for now, which means looking at what sites and apps they’re already linked to. While you may remember not to use a credit card when you make a big purchase, it’s the small, recurring expenses like monthly subscriptions that sneak up on you.

    “Money moves fast now,” Davis says. “It’s easy to forget where our maps are linked. If you’re really serious about not using a credit card when paying, be sure to switch those accounts to a debit card.

    Other Strategies to Fight Credit Card Debt

    If your debt feels too overwhelming to deal with the avalanche or snowball method, there are other strategies that can help lighten the load.

    Negotiate with your creditors. It never hurts to phone your creditors and ask what they can do for you, Davis says, especially if you already have a relationship with them. Your bank or credit union may provide a lower rate, waive fees, or provide a higher credit limit, which may reduce your use of credit and help you access low-interest financing at home. ‘coming.

    Beware of the effects of what you ask. For example, extending a higher credit limit may require high credit demand, which may temporarily knock a few points off your credit score.

    Consolidate your debts. If you have high-interest debt on multiple credit cards, consolidating is a smart move, especially if you qualify for a lower rate than you’re getting on your current debt.

    At 0% balance transfer card is one of the best ways to consolidate your debt if you have good or excellent credit (FICO score of 690 or higher). These cards charge 0% interest for a promotional period – sometimes up to 21 months – so if you transfer your debts to the card and pay it off during this period, you won’t pay any interest. Some cards charge a balance transfer fee, usually 3% to 5% of the total transferred.

    If you are not eligible for a balance transfer card, a debt consolidation loan is another good option. These loans are available to borrowers from all credit backgrounds, but they charge interest, which is fixed over the term of the loan, so you’ll make the same payment each month.

    Contact a credit counseling agency. Finally, you don’t have to go it alone. Arevalo recommends finding a reputable, nonprofit credit counseling agency that can help you budget, negotiate with creditors, or get into a debt management plan.

    A debt management plan typically consolidates credit card debt at a lower interest rate and gives you a three to five year repayment plan. You may incur a start-up fee and monthly fee for using this service.

    Using credit card points at checkout just got too easy

    Jravel and cash back are the most touted ways to redeem your credit card rewardsbut over the past decade, another redemption option has emerged: the ability to pay with points at select merchants.

    It’s quite an attractive feature. You plan to shell out the cash for the purchase anyway, but you can use points to knock a few dollars off the price with minimal effort. At the height of the pandemic, when travel points sat idle, it was a way to get some short-term value out of them.

    When shopping on Amazon, for example, you can link your rewards program account to your Amazon account, and in the future you will have the option to redeem points at checkout. PayPal also allows you to redeem points from cards you’ve linked to your PayPal account, once you’ve enrolled those cards in its Payments with Rewards feature.

    It’s part of an ongoing effort to create a frictionless checkout experience, which is a fancy way of saying “easier to spend money.” In an August 2021 survey by The Wise Marketer, a newsletter for marketers, 47% of respondents said “consumers’ desire to maximize convenience and reduce friction” was the most important trend. affecting the credit card loyalty market.

    But just because paying with points is easy doesn’t mean it’s a good idea. Credit cards already make it easier to spend. “Neural Mechanisms of Credit Card Spending,” a February 2021 MIT study, found that with “new payment methods” (currently credit cards, but other payment methods like digital wallets at future), you are less constrained in your spending compared to when you use cash. Add to that the ability to throw points towards your purchase to reduce the cost, and you’ll get that shopping dopamine hit, but there’s a big reason to avoid doing so.

    Paying with points reduces the value of your rewards

    When you redeem statement credit for your points from a cash back card or redeem travel card points for a vacation booking, you’re making the most of those rewards. Expect points to be made about 1 to 1.5 cents each, depending on which card you carry.

    But if you pay with points at the cashier, you potentially lose, depending on the cards you use. Here’s why:

    • Your points may be worth less: They can be worth as little as half the price when redeemed for purchases. However, there are a few exceptions where points are worth 1 cent each.
    • You’ll eat into your travel rewards budget: If you were hoping to cash in travel rewards to get a deep discount on your next trip, snacking on your rewards for purchases could rob you of the cash you need to book reward travel.

    Here’s a look at what a point is worth when redeemed at checkout at two popular merchants:

    Credit card reward program

    Points value on Amazon (in cents)

    Points value on PayPal (in cents)

    Amazon Cards

    1

    N / A

    American Express Membership Rewards

    0.7

    0.7

    Capital One Cash Back

    1

    1

    Capital One miles

    0.8

    0.8

    Chase Ultimate Rewards®

    0.8

    0.8

    Citi Thank You Rewards

    0.8

    0.8

    Discover

    1

    1

    Hilton Honors

    0.2

    N / A

    PayPal Cashback Mastercard®

    N / A

    1

    PayPal Supplements Mastercard®

    N / A

    0.83

    Wells Fargo

    N / A

    1

    How to avoid accidentally paying with points

    You’ll encounter a lot of on-screen text at checkout, some of it in small print, so you might be paying with points without intending to. If you share your credit card and online shopping accounts with other members of your household, they can use points for their purchases without you knowing (until you try to book reward flights and find out you don’t have enough points to do it, that is).

    The ability to save multiple cards to your online accounts is handy, but if you want to avoid accidentally using points, you’ll need to shop a little more carefully. When you add cards to your account, do not link the rewards accounts of these cards so that the option to pay with points does not exist.

    If you want your rewards accounts linked but don’t want to use your points too often, pay close attention to the payment method selected at checkout. If there is a checkbox to pay with points, make sure it is unchecked. Even though checkout will take a few moments longer, it’s time well spent making sure you know exactly how you’re paying for a purchase. Discuss this with other family members who use the same cards and accounts so everyone agrees.

    Still want to pay with points? Do it thoughtfully

    Paying with points results in lower point values ​​in many cases, but that doesn’t mean using points this way is bad. If this is how you prefer to cash in your rewards, you’re reaping the benefits in a way you care about. Here are some more optimal ways to pay with points:

    • Budget points like you budget money: Keep track of your points on a spreadsheet, especially if you have multiple credit cards from different issuers. You can budget for points by mentally setting aside an amount you need for, say, an upcoming vacation. The remaining points would be free to use for other redemptions, such as paying with points.
    • Use these last points: When you close a credit card, you often lose the remaining rewards. Paying with points might be the best way to use up a small amount of points before canceling a card.
    • Use cards that offer a higher value per point: Some cards, like Discover cards and Capital One cash back cards, allow you to redeem points at checkout for a value of 1 cent each.

    More from NerdWallet

    The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

    Take control of your credit card debt

    Revolving credit, which includes credit cards, jumped 21.4% in March, according to the Federal Reserve. But at the same time that credit card debt is on the rise, rising interest rates have made maintaining a balance more expensive.

    After two years of pandemic restrictions, it’s easy to understand the urge to spend more on experiences and make up for lost time. Some of us pay off our credit cards in full every month and never have a balance. However, this is not the case for many millennials. If you’re in credit card debt, consider these strategies to eliminate or reduce what you owe before it’s too late.

    Take stock of your debt

    If you have balances on multiple credit cards, make a list showing how much you owe on each card, the interest rate, and the minimum monthly payment for each. A spreadsheet offers a convenient way to update your progress, but pen and paper work just as well.

    If you have a good credit rating, a balance transfer could help you get out of debt. Many banks offer new customers balance transfer cards with an introductory 0% APR for a limited time, 12 to 21 months, depending on the card. To avoid interest, pay the balance before the introductory rate expires. Note that if you cancel your old card and the balance transfer card has a lower credit limit, it could affect your credit utilization ratio – the amount of your card’s outstanding balances reflected as a percentage of your card’s limits – which could reduce your credit. score, says Gerri Detweiler, author of The Ultimate Credit Handbook.

    This strategy only works if you resist the temptation to use the balance transfer card to make new purchases, says Beverly Harzog, credit expert and author of Confessions of a credit addict. You want to use the card to get out of debt, not add more, she says.

    If your credit score is not high enough to meet the criteria for a 0% introductory rate on a balance transfer card, you may qualify for a card with a lower introductory APR than your current card, said Harzog. Another option is a debt consolidation loan from a bank or credit union with a lower rate than the rate you pay on your high-interest credit cards.

    Winning Strategies

    When you have balances on multiple credit cards, there are three approaches you can take to tackle the debt. The first is the “avalanche” approach. Start with your cards that have the highest interest rates and highest balances. Make minimum payments on low-interest cards while devoting the rest of available funds to high-interest cards.

    Although the avalanche approach makes the most mathematical sense, some people choose the “snowball” approach, paying off low-balance debt first. Paying off your low-balance cards can give you the motivation you need to pay off all your debt, even if it costs you more in interest.

    Finally, there is the “blizzard” approach, in which you start with the snowball and move on to the avalanche. Pay off a low balance card first so you have a hit under your belt, then move on to ones with higher rates.

    Paying off your balances will make it difficult to save. But try to set aside enough money in an emergency fund to cover three months of expenses. When you have paid off your debts, you can increase your savings so that you are prepared for unexpected expenses, which will reduce the risk of falling back into debt.

    How to Reduce Credit Card Debt After the Fed’s Rate Hike

    Placeholder while loading article actions

    It’s the worst debt to carry in good times. It can be oppressive when the economy is struggling with high inflation, a plummeting stock market and rising interest rates.

    Do you have credit card debt? Now is the time to come up with a plan to pay off that debt as soon as possible, because it will get even more expensive.

    To bring inflation down, the Federal Reserve raised its key rate by three-quarters of a percentage point, its biggest hike in nearly 30 years. One of the implications of this decision is that interest on credit card debt will increase.

    What will the Federal Reserve rate hike mean for consumers?

    The average credit card interest rate is now over 20%, according to Matt Schulz, chief credit analyst at Lending Tree. “The worst news for cardholders when the Fed raises rates is that they don’t just raise rates on the things you buy in the future,” Schulz said. “The rate you pay on your current balances also increases, usually within a billing cycle or two.”

    Maybe you’ve kept your credit card debt like a pet, pecking it out bit by bit with minimum payments or occasionally throwing extra cash at the balance. Or maybe your financial situation has forced you to rely on credit to make ends meet. Whatever your situation, here are seven ways to reduce your credit card debt in light of this latest Fed rate hike and more increases likely coming soon.

    Seven Ways to Financially Prepare for the Economic Recession

    1. Stop charging your credit cards. Have you ever heard of the expression “If you’re in a hole, stop digging?” » You should stop using your credit cards if you don’t pay off balances each month. Also consider that whatever you’ve been billing for, whether it’s a TV, dinner, vacation, or clothes, will end up costing you more money in the long run if you keep paying down the debt. .

    The share of credit card revolvers, or those who carry a monthly balance, rose 0.6 percentage points to 40.1% nationally in the fourth quarter of 2021, the American Bankers Association reported on last month. The Fed has said it expects more rate hikes if it can’t get inflation under control.

    “What really matters is that all of these rate hikes come on top of potential multi-percentage-point increases in credit card rates in a single year,” Schulz said. “So many people’s financial margin of error is tiny anyway. The last thing they need with their grocery bills and rising gas prices is for their credit card interest rates to rise.

    What the Federal Reserve’s interest rate hike means for mortgages

    2. Start paying the smallest balance. The question I often get when it comes to credit card debt is, should I pay off my credit cards with the highest interest rate first or the one with the lowest balance first?

    On paper, the logical method would be to go into debt at the highest interest rate. But what works on paper doesn’t always work in practice. The method of debt reduction that I recommend is what I call the “debt dash method”. With this, like a 100-yard dash, the goal is to make a super-fast run to debt.

    In my experience I have helped hundreds of people pay off their credit card debt, their motivation to get rid of debt increases when they get a quick win. The result is that they become more aggressive in tackling what remains of the debt, ultimately paying less interest charges than if they had started with the card with the highest interest rate. Part of the battle for debt reduction is sticking to a plan.

    With the debt dash, you list all your debts starting with the one with the lowest balance. Then, use any extra cash you can find to apply it to that first card on your list while making minimum payments on all other debts. Once you’ve eliminated that card, move on to the next one on your list, and so on. If two cards have a similar balance, the one with the higher interest rate gets priority processing.

    Have you been plagued by series of debt troubles?

    3. Transfer balances to a zero percent card. If you have good credit, you may qualify for an offer that lets you transfer your balances to a card with zero percent interest for a limited time. Zero percent balance transfer offers are still plentiful, Schulz said. “We’re even seeing a few select cards offering a full 24 months interest-free,” he said.

    But as the Fed continues to raise rates and delinquency rates rise, those offers are in danger of disappearing, Schulz said. Instead of being able to find deals for 15 to 20 months interest-free, consumers may end up finding zero percent interest for nine months to 12 months, he said.

    According to Ted Rossman, senior industry analyst at Bankrate.com and CreditCards.com. “The average FICO score is 716, so most people should be able to qualify,” he said.

    Balance transfer credit cards can be a good deal for some people

    4. Talk to your credit card issuer. Talking ain’t cheap when it comes to credit card debt. Many borrowers struggling with the weight of their Debts never ask for help, according to Bruce McClary, senior vice president of membership and communications at the National Foundation for Credit Counseling.

    Before calling your creditor, check your credit report and credit score, McClary said. It helps to know the strength of your negotiating position. “You want to make sure you know exactly what you’re going to say to the creditor, to start the conversation about finding more affordable options,” he said. “Use a high credit score to your advantage.”

    Here’s everything I did to get a perfect 850 credit score

    Maybe when you first got your card your credit history wasn’t great, so you were offered a card with a high rate. But with on-time payments, you could now qualify for more affordable terms or even an interest-free credit card rate, McClary said.

    “It’s a huge win because then you can start planning to pay off the balance while you have this interest-free repayment period,” he said. “But these offers go to people with the best credit ratings.”

    5. Use debt consolidation or a personal loan. It makes sense to try to consolidate debt and make one payment, especially if you can lower the interest rate. But don’t just focus on the monthly payment, warns McClary. “What you don’t want to do is tinker with the terms so that you have this artificially low payout,” he said.

    You might get a lower monthly payment, but you could drag out the loan for years and end up paying more interest over time than your issuer was charging.

    6. Contact a non-profit consumer credit counselor. If you don’t feel comfortable negotiating with your card issuer, get help from a nonprofit credit counseling agency by visiting National Credit Counseling Foundation or by calling 800-388-2227.

    By working with a credit counselor, you can put a debt management plan in place. You make a lump sum payment each month to the nonprofit, which then forwards the payments to your creditors. By participating in this type of debt management program, you may benefit from reduced or waived finance charges or fees.

    7. Treat bankruptcy as a last resort. I’ve helped a few seniors overwhelmed with credit card debt for bankruptcy protection. For them, credit had become the bridge to extending their Social Security retirement benefit checks. This is how they were able to make ends meet. Bankruptcy gave them a fresh start.

    Ask for recommendations for a bankruptcy lawyer or use the Find a lawyer National Association of Consumer Bankruptcy Attorneys database.

    Las Vegans Lean on Credit Card Cycle as Inflation and Interest Rates Rise

    LAS VEGAS (KLAS) – As inflation continues to make things more expensive, many are turning to credit cards to make ends meet, so 8 News Now asked a financial expert for advice for those struggling to reduce their monthly payments.

    A study by “Self,” said in August 2021, Nevada had the highest credit card debt in the nation, with each person carrying an average balance of $3,200.

    Jill Shlesinger is one such person, caught in what she calls a “vicious cycle”.

    “I just kind of feel like I’m in a debt hole,” she explained.

    She opened her business, ‘Starburst Parlor Keto Bakery’ late last year, and because she was unable to secure a business loan at the time, Shlesinger was forced to use cards personal credit to get things started.

    Now she’s running out of crippling payments every month.
    “I just think ‘oh, this credit card is due, it’s a minimum of 420,'” Shlesinger said.

    In May, the Federal Reserve Bank of New York said the United States had $841 billion in credit card debt.

    Mahesh Odhrani, financial adviser and president of Strategic Wealth Design, said with rampant inflation and the Federal Reserve raising interest rates by 0.75% on Wednesday, things could get much tougher.

    “They may not have saved a fund for rainy days,” Odhrani said. “Or have a savings account they can dip into, so where do they go? To credit cards.

    However, he said there are options for bouncing back:

    • You can transfer your balance to a zero-rate or low-interest card
    • If you own a home, transfer your credit card balance to a low-interest home equity line of credit.
    • Call your bank or credit card company and try to negotiate a lower rate
    • Contact a credit counselor for financial advice
    • Go through a debt consolidation company, but make sure the plan focuses on reducing the amount owed without missing payments and keeping your credit score intact

    “It’s almost like spinning in a wheel,” Shlesinger explained. “That every time I think I’m going to move on, I have another bill coming.”

    As for Shlesinger, she told 8 News Now that she does her best to stay afloat by paying the monthly sales, while serving the community she knows and loves.

    “Apart from like a dream or winning the lottery,” Shlesinger concluded. “There is no end.”

    The market for online casinos and gaming software is booming around the world

    0

    According to research experts from Qurate Research, “Global Online casino and gaming software Market 2022 Insights, Size, Sharing, Growth, Opportunities, Emerging Trends, Forecast to 2028.” The study is an anthology of in-depth research studies on many aspects of the global online casino and gaming software industry . It is an admirable effort to offer a true and transparent picture of the current and future conditions of the global online casino and gaming software market, based on credible facts and exceptionally accurate data.

    “Global Online Casino and Gaming Software Market Overviews, Size, Share, Growth, Opportunities, Emerging Trends, Forecast to 2028,” according to a report by Qurate Research. Several in-depth research studies on various facets of the global online casino and gaming software market are included in the report. It is a commendable effort to present a true and transparent view of the current and future situation of the global online casino and gaming software market, based on reliable facts and extraordinarily accurate statistics.

    The main players profiled in this report are:

    IGT
    playtech
    Micro game
    Betconstruct
    Softgamings
    Betsys
    BetRadar
    SB Tech
    Digitain
    GammaStack
    Each matrix
    SB betting software
    Novomatic

    Key Segmentation of the Online Casino and Gaming Software Market:

    Segmentation of product types

    On the site
    Cloud-based

    Application segmentation

    computer
    Mobile phones

    Scope of Online Casino and Gaming Software Market Report:
    The research examines the major players of the global Online Casino and Gaming Software Market in detail, focusing on their market share, gross margin, net profit, sales, product portfolio, new applications, recent developments and other factors. It also sheds light on the vendor landscape, helping gamers to forecast future competitive moves in the global online casino and gaming software industry.

    This study estimates the market size in terms of value (million USD) and volume (million units) (K units). Both top-down and bottom-up techniques have been used to estimate and validate the market size of the Online Casino and Gaming Software market, as well as the size of various other dependent submarkets in the overall market. To identify significant players in the market, secondary research was used, and both primary and secondary research were used to determine their market shares. All breakdowns and percentage breakdowns have been calculated using secondary sources and verified sources.

    The updated market report is available at the link below:@ https://www.qurateresearch.com/report/buy/ICT/global-online-casino-and-game-software-market/QBI-BIS-ICT-1106711/

    The COVID-19 pandemic has had a major influence on the online casino and gaming software industry. In the second quarter, the sector showed signs of recovery around the world, but the long-term recovery remains a concern as COVID-19 cases continue to rise, especially in Asian countries like India. series of setbacks and surprises. As a result of the outbreak, many shifts in buyer behavior and thinking have occurred. As a result, the industry is even more stressed. As a result, market expansion should be limited.

    Online Casinos and Gaming Software Market Region Majorly Focusing On:
    — European casino and online gaming software market (Austria, France, Finland, Switzerland, Italy, Germany, Netherlands, Poland, Russia, Spain, Sweden, Turkey, United Kingdom),
    – Asia-Pacific and Australia (China, South Korea, Thailand, India, Vietnam, Malaysia, Indonesia and Japan) online casino and gaming software market,
    — The online casino and gaming software market in the Middle East and Africa (Saudi Arabia, South Africa, Egypt, Morocco and Nigeria),
    — Latin America and South America online casino and gaming software market (Brazil and Argentina), — ​​North America online casino and gaming software market (Canada, Mexico and United States) United)

    A sample free report from Qurate Research includes: FREE PDF SAMPLE
    1) Introduction, Overview and In-Depth Industry Analysis for 2021 Updated Report
    2) Impact analysis of the COVID-19 outbreak
    3) A research report of more than 205 pages
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    5) Updated regional analysis for 2021 with graphical representation of size, share and trends
    6) Includes an updated list of tables and figures.
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    8) Methodology of facts and factors for research

    The main questions answered by this report are:
    • How do I get a free copy of the Online Casino and Gaming Software Market Report Sample and Company Profiles?
    • What are the main causes of the expansion of the market for online casinos and gaming software?
    • What is the market size and growth rate of the online casino and gaming software market?
    • Who are the main companies in the online casino and gaming software market?
    • What market segments does the online casino and gaming software market cover?

    Contents:

    Chapter 1 Online Casino and Gaming Software Market Introduction
    Chapter 2 Executive
    2.1 3600 Online Casino and Gaming Software Market Synopsis, 2018-2028
    2.1.1 Industry trends
    2.1.2 Material trends
    2.1.3 Product trends
    2.1.4 Operating trends
    2.1.5 Distribution channel trends
    2.1.6 Regional trends

    Chapter 3 Online Casino and Gaming Software Market Overview
    3.1 Industry Segmentation
    3.2 Industry Ecosystem Analysis
    3.2.1 Component Suppliers
    3.2.2 Producers
    3.2.3 Profit Margin Analysis
    3.2.4 Distribution Channel Analysis
    3.2.5 Impact of COVID-19 on the market value chain
    3.2.6 Vendor Analysis
    3.3 Technology landscape
    3.4 Regulatory landscape
    3.4.1 North America
    3.4.2 Europe
    3.4.3 Asia-Pacific
    3.4.4 Latin America
    3.4.5 Middle East and Africa
    3.5 Price Analysis (including impact of COVID-19)
    3.5.1 By region
    3.5.1.1 North America
    3.5.1.2 Europe
    3.5.1.3 Asia-Pacific
    3.5.1.4 Latin America
    3.5.1.5 Middle East and Africa
    3.5.2 Cost structure analysis
    3.6 Industry impact forces
    3.6.1 Drivers of growth
    3.6.2 Industry Disadvantages and Challenges
    3.6.2.1 Focus on weight reduction
    3.7 Innovation & sustainability
    3.8 Growth Potential Analysis, 2020
    3.9 Competitive landscape, 2020
    3.9.1 Company Market Share
    3.9.2 Main players
    3.9.3 Strategy Dashboard
    3.10 Porter’s analysis
    3.11 PILON analysis

    Chapter 4 Disclaimer

    A question? Inquire here for discount or report customization

    Contact us:

    Nehal ChinoyQurate Business Intelligence Pvt ltd.
    The Web:www.qurateresearch.com
    E-mail:[email protected]
    Phone: USA – +13393375221

    *Thank you for reading this article ; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.




    Online Gaming Software Market Size and Forecast to 2028 | Igt, Playtech, Microgaming, Betconstruct, Softgamings – Designer Women

    0

    There “Online Gaming Software Market » the research examines the market estimates and forecasts in great detail. It also facilitates the execution of these results by demonstrating tangible benefits to stakeholders and business leaders. each company must anticipate the use of its product in the longer term. Given this level of uncertainty caused by the COVID-19 situation, this analysis is essential to better understand previous disruptions and increase preparedness for successive stages of decision-making. the most recent study attempts to alter the advanced market for business executives by providing strategic insights and showing resilience under sudden conditions. The information will help all potential readers to distinguish the necessary trading bottlenecks.

    The main purpose of the report is to educate business owners and help them make a wise investment in the market. The study highlights regional and sub-regional perspectives with corresponding factual and statistical analysis. The report includes the latest first-hand data, which is obtained from the company’s website, annual reports, industry-recommended journals, and paid resources. Online Gaming Software report will help business owners understand the current market trend and take profitable decisions.

    Profiled Market Leaders:

    • Igt
    • playtech
    • Micro game
    • Betconstruct
    • Softgamings
    • Betsys
    • betradar
    • Sbtech
    • Digitain
    • Gamma Stack
    • Each matrix
    • Sb betting software
    • Novomatic

    Report Analysis and Segments:

    Online gaming software is segmented on the basis of product type, application, and geography. All segments of Online Gaming Software are carefully analyzed with respect to market share, CAGR, value and volume growth, and other important factors. We have also provided Porter and PESTLE’s five forces analysis for further study of online gambling software. The report also outlines recent developments undertaken by major market players, including new product launches, partnerships, mergers, acquisitions, and other latest developments.

    Based on Product Type, Online Gaming Software is segmented into –

    Based on Application, Online Gambling Software is segmented into –

    • Online bookmakers
    • Game operators

    The report provides information about the following pointers:

    1️⃣ Market Penetration: Comprehensive information on the product portfolios of major online gaming software players.

    2️⃣ Product Development/Innovation: Detailed information on upcoming technologies, R&D activities and product launches in the market.

    3️⃣ Competitive Assessment: In-depth assessment of market strategies and geographic and business segments of major market players.

    4️⃣ Market development: comprehensive information on emerging markets. This report analyzes the market for various segments across geographies.

    5️⃣ Market Diversification: Comprehensive information on new products, untapped geographies, recent developments and investments in online gaming software.

    Schedule a consultation call with our industry analysts/experts to find a solution for your business @ https://www.marketresearchintellect.com/ask-for-discount/?rid=198209

    Various analyzes covered:

    The regional assessment of the online gaming software was carried out in six key regions, namely North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Moreover, the report also provides in-depth information about ongoing research and development activities, revenue, innovative services, real demand and supply status, and pricing strategy. In addition to that, this report also provides details of consumption figures, export/import supply and gross margin by region. In short, this report provides a valuable source of advice and clear direction for the trader and the party interested in the market.

    North America (US, Canada)
    Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
    Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
    Latin America (Brazil, Mexico, Others)
    The Middle East and Africa

    Frequently Asked Questions:

    • What are the main drivers of global online gambling software?
    • What are the main challenges of global online gaming software?
    • Who are the key market players?
    • What has been the effect of the COVID-19 pandemic on global online gaming software?
    • What are the latest market trends?
    • What is the compound annual growth rate of the global online gaming software?

    About Us: Market Research Intellect

    Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing & Construction, Chemicals & Materials, Food & Beverage, and more. These reports provide an in-depth study of the market with industry analysis, market value of regions and countries, and industry-relevant trends.

    Contact us:
    Mr. Steven Fernandes
    Market research intelligence
    New Jersey (USA)
    Tel: +1-650-781-4080

    Email: [email protected]

    Website: –https://www.marketresearchintellect.com/

    How much credit card debt is too high? – Forbes Advisor

    Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors.

    While credit cards are useful for building a good credit history and convenient for making everyday purchases, if not monitored frequently, these convenient financial products can be a slippery slope to unwanted debt. There is no recommended maximum limit for credit card holders. The key to maintaining a good credit score is keeping credit utilization below 30% and paying off balances on time.

    How much credit card debt is too high?

    The “too much” indebtedness depends on the cardholder and his financial situation. According to a report According to consumer credit reporting agency Experian, the average consumer credit card debt in the third quarter of 2021 was $5,221. For some, that might be too much debt, but for others, it might be their average monthly spend on a credit card.

    At first glance, zero debt sounds much better than having no debt at all. Debt, after all, indicates an obligation, and freedom often equates to a lack of obligation. Unfortunately, our system does not work that way.

    For credit purposes, it can be beneficial to have at least a small, regular revolving balance so that issuers and lenders can see responsible credit card activity. In other words: To prove your financial responsibility for your loans and debts. Fortunately, due to credit card grace periods, you can run a balance without ever paying interest. Without any credit history or showing balances with responsible payment behavior, it can signal to lenders that you are too risky to lend money.

    How can I maintain manageable debt?

    The use of credit remains a key factor in the calculation of the credit score. A credit utilization ratio is the amount of credit used relative to the total amount of credit a cardholder has on all credit accounts. It is generally recommended that cardholders keep credit utilization below 30%.

    Calculating credit usage is quite simple: add the credit limits of all the credit cards you have to find a total credit limit. Then add up the balances of all your credit cards and compare the two numbers. If your total balance is more than 30% of the total credit limit, you may be in too much debt.

    Some experts consider it best to keep credit utilization between 1% and 10%, while anything between 11% and 30% is generally considered good. Card issuers and lenders want to see a cardholder use revolving credit and pay off balances responsibly.

    Cardholders who don’t use their card report nothing to the issuer unless they pay an annual fee, but cardholders who overuse their credit limit are considered to pose more risk. Having at least a little debt can actually increase your credit score over time as long as credit activity is considered healthy, meaning payments are made on time, balances are kept low, etc.)

    How to pay off credit card debt

    When credit card debt seems out of control and high interest rates loom, options exist to help reduce credit usage and manage debt more responsibly.

    Pay off credit card balances

    If cardholders have sufficient funds, the fastest way to reduce their debt is to pay off all credit card balances as soon as possible. Obviously, this requires cash and is not always possible. Budgeting to pay off balances over time can help, even if interest starts to accrue.

    There are other options if a cardholder needs more time to pay off their debt:

    Apply for a personal loan

    Personal loans are a cheaper option for cardholders who need more time to pay off their debts. Personal loans can offer much lower interest rates than credit cards. According Federal Reserve Data, the average credit card interest rate in February 2022 was 16.17%, while the average personal loan interest rate on a 24-month loan was 9.41%. An interest rate of 9.41% is still not low, but better than paying a double digit rate on a credit card. You can use our loan calculator to estimate various interest rate and repayment scenarios.

    Loan applicants without excellent credit can ask a friend or family member with excellent credit to act as a co-signer, which could further reduce the loan applicant’s interest rate. This allows the cardholder to consolidate more credit card debt into one personal loan to be repaid over time.

    Taking out mortgages, second mortgages or using a home equity loan against properties you own may also involve even lower interest rates, if possible.

    Remember to practice responsible credit card spending after consolidating debt into a personal loan or any other loan of any kind.

    Request a balance transfer

    Some credit cards offer promotional introductory APRs of 0% on balance transfers for new customers. Cardholders with too much credit card debt can consolidate the debt onto a new card.

    Balance transfers have limits. A new cardholder can only transfer up to the new card’s credit limit and balance transfers generally require a one-time fee for each transfer, which will increase the amount owed. If cardholders hope to consolidate multiple debts, each transfer will incur a fee.

    Cardholders should keep in mind that interest will begin to accrue at the end of the promotional period if the balance is not repaid. The minimum payment determined by the card issuer is often not enough to repay the transferred balance.

    Before requesting a promotional balance transfer offer, calculate how much it would take to pay off the balance before the end of the promotional period. Divide the total balance by the number of months included in the promotion (eg 12 months). The answer is how much the cardholder would have to pay each month if they hoped to fully pay off the balance during the 0% APR introductory period and avoid interest.

    Conclusion

    There is no magic number for too much credit card debt. Every cardholder should be aware of balances and spending habits to avoid falling into a cycle of debt. If a cardholder’s credit utilization rate is above 30% or if they are earning interest by not paying off balances, the debt may be too high. Anything unmanageable is too much, and if you feel like it’s getting hard to keep up with payments or make progress on paying off your debts, you’ve probably found your limit.

    Consider making a budget to help you pay down your balances or applying for a personal loan or balance transfer card to help start a debt repayment plan.

    Online Casino Software Market Size and Forecast to 2028 | Igt, Playtech, Microgaming, Betconstruct, Softgamings – Designer Women

    0

    There “Online Casino Software Market » the research examines the market estimates and forecasts in great detail. It also facilitates the execution of these results by demonstrating tangible benefits to stakeholders and business leaders. each company must anticipate the use of its product in the longer term. Given this level of uncertainty caused by the COVID-19 situation, this analysis is essential to better understand previous disruptions and increase preparedness for successive stages of decision-making. the most recent study attempts to alter the advanced market for business executives by providing strategic insights and showing resilience under sudden conditions. The information will help all potential readers to distinguish the necessary trading bottlenecks.

    The main purpose of the report is to educate business owners and help them make a wise investment in the market. The study highlights regional and sub-regional perspectives with corresponding factual and statistical analysis. The report includes the latest first-hand data, which is obtained from the company’s website, annual reports, industry-recommended journals, and paid resources. The Online Casino Software report will help business owners understand the current market trend and take profitable decisions.

    Profiled Market Leaders:

    • Igt
    • playtech
    • Micro game
    • Betconstruct
    • Softgamings
    • Betsys
    • betradar
    • Sbtech
    • Digitain
    • Gamma stack
    • Each matrix
    • Sb betting software
    • Novomatic

    Report Analysis and Segments:

    Online casino software is segmented by product type, application, and geography. All segments of Online Casino Software are carefully analyzed with respect to market share, CAGR, value and volume growth, and other important factors. We have also provided Porter’s Five Forces and PESTLE reviews for further study of the online casino software. The report also outlines recent developments undertaken by key market players, including new product launches, partnerships, mergers, acquisitions, and other latest developments.

    Based on Product Type, Online Casino Software is segmented into –

    Based on Application, Online Casino Software is segmented into –

    The report provides information about the following pointers:

    1️⃣ Market Penetration: Complete information on the product portfolios of top online casino software players.

    2️⃣ Product Development/Innovation: Detailed information on upcoming technologies, R&D activities and product launches in the market.

    3️⃣ Competitive Assessment: In-depth assessment of market strategies and geographic and business segments of major market players.

    4️⃣ Market development: comprehensive information on emerging markets. This report analyzes the market for various segments across geographies.

    5️⃣ Market Diversification: Comprehensive information on new products, untapped geographies, recent developments and investments in online casino software.

    Schedule a consultation call with our industry analysts/experts to find a solution for your business @ https://www.marketresearchintellect.com/ask-for-discount/?rid=198205

    Various analyzes covered:

    The regional assessment of the online casino software was carried out in six key regions, namely North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Moreover, the report also provides in-depth information about ongoing research and development activities, revenue, innovative services, real demand and supply status, and pricing strategy. In addition to that, this report also provides details of consumption figures, export/import supply and gross margin by region. In short, this report provides a valuable source of advice and clear direction for the trader and the party interested in the market.

    North America (US, Canada)
    Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
    Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
    Latin America (Brazil, Mexico, Others)
    The Middle East and Africa

    Frequently Asked Questions:

    • What are the main drivers of global online casino software?
    • What are the main challenges of the global online casino software?
    • Who are the key market players?
    • What has been the effect of the COVID-19 pandemic on global online casino software?
    • What are the latest market trends?
    • What is the compound annual growth rate of the global online casino software?

    About Us: Market Research Intellect

    Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing & Construction, Chemicals & Materials, Food & Beverage, and more. These reports provide an in-depth study of the market with industry analysis, market value of regions and countries, and industry-relevant trends.

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    Consolidating Credit Card Debt Can Dramatically Boost Credit Scores, Study Finds

    (c) Vasela – Getty Images

    A new study suggests that consolidating credit card debt can be a smart move that can pay off in several ways. In addition to the belief that paying bills on time can improve credit scores, LendingTree’s latest analysis yes and no of credit card consolidation found that those who consolidated at least $5,000 in credit card debt found their credit score increased by an average of 38 points in as little as one month.

    In fact, the study concludes that the more a person pays off credit card debt with a personal loan, the more their credit score increases. Let’s say you pay off $10,000 or more in credit card debt. In this case, credit ratings increase by an average of 49 points. The reverse is also true. The study found that by taking out a loan to pay off between $1,000 and $5,000 in credit card debt, borrowers earned an additional 17 points, on average, during a single billing cycle.

    While taking out a personal loan to pay off credit card debt might seem like a bit of stealing from Peter to pay Paul, Matt Schulz, chief credit analyst at LendingTree, says it’s definitely worth it.

    “A higher credit score is a big deal because there are few things in life that are more expensive than lousy credit,” Schulz said. “It can cost you thousands of dollars in the form of higher loan interest rates, higher insurance premiums and more. It may even prevent you from getting that new apartment you’re hoping to rent.

    But Schulz warned that while consolidating credit card debt will likely cause someone’s credit score to rise, there are more benefits to eliminating the debt altogether.

    “Eliminating that debt can’t be anything less than life changing,” Schulz said. “It can free you up to build an emergency fund, save more for retirement, work to buy a house, or pay for your kids’ college education. It’s a big, big problem.

    Where to Get Consolidation Loans and What to Consider

    Schulz said for consumers with the highest incomes and best credit scores, getting a personal loan from a bank is the best bet. “These are probably people who have significant experience with lenders and at least a few other pieces of that credit report. These people have a lot of other data points on their credit report that influence their credit score, so a change, even a big one like paying off all that debt, may not have as much of an impact for them as it does for someone else. one more recent. credit,” he said.

    ConsumerAffairs investment advisor Barbara Friedberg agreed. She said the easiest way to get a debt consolidation loan is through a bank or other debt consolidation lending institution.

    Friedberg said if consumers can’t — or won’t — go the banking route, there are three other ways to get out of credit card debt.

    0% Balance Transfer Card: Balance transfer credit cards allow consumers to consolidate debt by transferring debt from multiple credit cards to a single balance transfer card. Friedberg notes that some of these cards include 0% interest offers as well as sign-up bonuses and cash back.

    Home Equity Loan: “Homeowners can withdraw an amount of money based on the equity in their home, determined by the amount of money paid on the mortgage compared to the value of the home,” Friedberg said, adding that a loan on home equity can be contracted. to make home improvements, pay large bills or settle other debts.

    401(k) loan: A unique approach offered by Friedberg is for people who have set up a 401(k) through their employer. For these people, they can borrow from this account. “Because a 401(k) is a personal retirement savings account, it’s essentially a loan from yourself. Because you are withdrawing money from an account and not borrowing new funds, a 401(k) loan will have no impact on your credit score. 401(k) loans generally require full repayment within five years,” she said.

    This 401(k) loan idea comes with a caveat, however. Friedberg said that most likely there will be a little interest added to a person’s repayment plan, and it may also hurt their overall retirement savings plan. For those whose jobs may be precarious, Friedberg raised his warning a bit higher. “If you lose your job, you will have to pay off the 401(k) loan when your federal income taxes are due for the year,” she said.

    How online bingo is regulated in the UK

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    In the UK, online bingo is a popular pastime. Millions of people enjoy playing this game every year, and the industry is growing rapidly. However, certain regulations are in place to ensure player protection.

    In this blog post, we will discuss online bingo regulations in the UK and what players can expect from this type of gaming experience.

    Let’s start with a look at the overall history of online bingo in the UK.

    Photo by Alejandro Garay on Unsplash

    UK Online Bingo: The History

    Bingo has been a popular game in the UK for many years. It was first introduced to the country in the 1500s, and it has been played in various forms ever since. The modern bingo game we know today began to take shape in the early 20th century in the United States, where it was known as “beano”. The game made its way to the UK in the 1920s, and it quickly became popular.

    Bingo halls started popping up all over the country and the game was soon played by millions of people. Bingo’s popularity continued to grow in the UK, and it eventually made its way online.

    The first online bingo games appeared in the late 1990s and their popularity has grown steadily ever since. Online bingo is now a hugely popular pastime for millions of people around the world, with some of the most successful UK licensed bingo sites.

    So, that’s a brief history of online bingo in the UK. Now let’s see how this type of gambling is regulated.

    The growth of online games

    The internet has changed everything when it comes to gaming. Suddenly, gamers had access to a whole world of gaming opportunities at their fingertips. One of the most popular genres was online bingo.

    The first online bingo sites started popping up in the late 1990s, and the industry has been growing ever since. In 2009 there were over 200 online bingo sites operating in the UK. This number has increased dramatically in recent years as more and more people discover the joys of playing bingo online.

    Other popular areas of online gambling include casino games, sports betting and poker.

    How is online bingo regulated?

    Now that we’ve seen how online bingo came to be, let’s take a look at how it’s regulated. The Gambling Commission is responsible for regulating all forms of gambling in the UK, including online bingo.

    All operators wishing to offer online bingo services to UK players must obtain a license from the Gambling Commission. This ensures that they meet all the necessary requirements and provide a fair and safe gaming experience for their players.

    To obtain a license, operators must meet a number of criteria. For example, they must have appropriate systems and controls in place to prevent crime and protect vulnerable people. They must also ensure that players have access to responsible gambling information.

    Operators wishing to offer online bingo services to UK players must also adhere to a number of rules and regulations. These include ensuring players are over 18, preventing underage players from playing and protecting player funds.

    Players can rest assured that when playing bingo online with a licensed operator, they are protected by these regulations. They can be sure that they are playing on a fair and safe gambling site.

    The future of online bingo

    Online bingo is a popular pastime for millions of people in the UK. It is regulated by the Gaming Commission to ensure player protection. The industry is growing rapidly and showing no signs of slowing down as the entire online gaming sector is booming.

    We expect to see more innovation in the online bingo space in the years to come, with new features and offers introduced to keep players entertained. The industry is constantly changing, and we can’t wait to see what the future holds for online bingo!

    Summary

    In this blog post, we explained how online bingo is regulated in the UK. We looked at the history of the game and how it gained popularity over the years. We also discussed the Gambling Commission and its role in regulating online bingo.

    We hope this blog post has been informative and that you have a better understanding of how online bingo is regulated in the UK. If you are considering playing bingo online, be sure to choose a licensed operator to ensure you are protected by these regulations. Thanks for reading!

    How to Play Bingo Online: A Beginner’s Guide

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    Are you interested in playing bingo but don’t know where to start? This article will walk you through the getting started process step by step. In the early years, players wishing to play bingo had to go to a bingo hall.

    However, a large percentage of players choose online platforms to participate in the game. You do not need to go to a physical bingo hall to play the game or learn how to play any casino game when you can visit kaszinokonline.com.

    You can play it from the comfort of your home thanks to bingo sites. Whether you are playing the game for the first time or already have a basic understanding of the game, this article offers you important tips for playing the game. Let’s get started!

    Step by Step Guide to Play Bingo Online

    Step 1: Create an account on a bingo site

    The first thing to do is choose a casino site of your choice that offers bingo and create an account. You can explore different features of the site according to your needs, including the amount you can deposit, bankroll limit, account protection, etc. At this point, you also need to deposit money into your game account to play with real money.

    Step 2: Choose an alias

    You are not required to use your real name when playing online games. So you can choose a funny name as an alias.

    Step 3: Select cards

    Card selection is one of the most critical strategic decisions you have to make when playing bingo online. You have to choose auto dab, auto buy and advanced buy. Auto dab refers to a feature that automatically marks bullets as they are fired.

    Auto-purchase refers to the automatic purchase of cards for a favorite set or games based on your preferences. Advance purchase means purchasing tickets for upcoming matches that you may not be able to purchase online.

    Step 4: Start the game

    The rules of online bingo are simple. You have to select the game you want to play and you get a corresponding virtual card. The cards come in the form of grids with a series of numbers marked in rows and reels. At the start of the game, the caller starts drawing numbers.

    The caller is randomly selected by the online program. Players must keep up the pace and mark their card numbers as the caller calls. Players can also use the automatic dubbing feature to avoid missing a call.

    Depending on the game variant you are playing, you can mark a single line, several lines or all the numbers, which is called a full house. Reaching a full house allows you to win the prize because it is the end of the game.

    Conclusion

    It is easy to play bingo online and you can easily win the game too. To increase your cashout, you can opt for online bingo jackpots, which offer you a higher cashout. The jackpot options available for online bingo include fixed jackpots, community jackpots and progressive jackpots.

    Image by mohamed Hassan from Pixabay

    Online Bingo Games Market Size and Revenue Analysis

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    Global online bingo games market (Before-After Covid-19) Analysis of size and forecast until 2030: The global Online Bingo Games research report on Online Bingo Games Market is the product of a brief review and in-depth analysis of realistic data collected from the Global Online bingo games market 2022. The data was collected based on online bingo games manufacturing drifts and service and goods related demands.

    Download Free Sample Online Bingo Games Report PDF @ jcmarketresearch.com/report-details/1415432/sample

    Owing to increase in partnership activities of key players in the online bingo games industry over the projected period, North America accounted for the $xxx million share of the bingo games market online in 2022

    Top Online Bingo Games Top Players Included in This Research: NetEnt, GVC, 888, Ladbrokes Coral Group, Fortuna Entertainment, Playtech

    Main types and Applications present in the online bingo games market as follows:

    By Type Poker Casino Sports Betting Other By Application Entertainment Commercial Other

    A flawless example of the latest developments and game-changing strategic changes enables our clients to enhance their decision-making skills. Ultimately, it helps to work with perfect business solutions and execute innovative implementations. The Global Online Bingo Games Market 2022-2030 The report highlights the latest trends, growth, new opportunities and latent tricks.

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    In addition to statistics for online bingo games, most of the data obtained is presented in graphical form. The Global Online Bingo Games Market study shows in detail how the major market players, manufacturers, and distributors operate. The study also describes the restrictions and factors influencing the global demand for Global online bingo games market.

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    Frequently Asked Questions:

    • How fast is the online bingo games market expected to grow?

    Year-over-year growth for 2022 is estimated at XX% and incremental market growth is expected to be $xxx million.

    • Who are the top players in the Online Bingo Games market?

    NetEnt, GVC, 888, Ladbrokes Coral Group, Fortuna Entertainment, Playtech

    • What are the main market drivers and challenges?

    The demand for ASW capacity building is one of the major factors driving the online bingo games market.

    • What is the size of the online bingo games market in North America?

    The North America region will contribute XX% of the online bingo games market share

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    This helps to understand the overall market and to recognize the growth opportunities in the global Online Bingo Games Market. The report also includes a detailed profile and information of all the major Online Bingo Games Market players currently active in the global Online Bingo Games Market. Companies covered in the report can be assessed on the basis of their latest developments, financial and business overview, product portfolio, key trends in the online bingo games marketlong-term and short-term business strategies by companies to stay competitive in the online bingo games market.

    Regions & Countries Mentioned In The Online Bingo Games Market Report:

    Online bingo games industry North America: United States, Canada and Mexico.
    Online bingo games industry South and Central America: Argentina, Chile and Brazil.
    Online bingo games industry Middle East and Africa: Saudi Arabia, United Arab Emirates, Turkey, Egypt and South Africa.
    Online bingo games industry Europe: UK, France, Italy, Germany, Spain and Russia.
    Online bingo games industry Asia Pacific: India, China, Japan, South Korea, Indonesia, Singapore and Australia.

    The Online Bingo Games report analyzes various critical restraints, such as item price, production capacity, profit and loss statistics, and transportation and delivery channels that influence the global market. It also includes the examination of significant elements such as Online Bingo Games market demands, product trends and developments, various organizations, and effect processes in the global market.

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    A methodically organized online bingo games market analysis study is based on the primary and secondary tools. It illustrates the collected data in a more communicative and descriptive way encouraging the consumer to develop a well-structured strategy to grow and improve their businesses on schedule.

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    Online Bingo vs Bingo Hall

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    Bingo has been a social mainstay for years. In fact, it’s believed to be something we Brits have enjoyed for centuries, with the version we know and love first being played in the 1500s.

    It’s easy to see why this has remained popular for so long. It’s fast, enjoyable, and has evolved over time to incorporate everything from charity events to full shows. But what’s the best way to enjoy this classic game?

    The history of bingo

    It is believed that bingo was first played in Italy in the 16e century and was part of the Italian lottery, Il Gioco del Lotto d’Italia. From there it became popular in France, where it was called Le Lotto, before moving to Britain in the 18e century.

    The formats in these different countries differed slightly from the game we know today, and it wasn’t even called bingo at first. The Brits preferred to call it ‘Housey-Housey’ instead – something that is reflected in today’s parlance when we talk about getting a ‘full house’ when we win.

    The game we know today – and its current name – is a little less easy to trace. Bingo as we know it today grew in popularity in the 1920s as carnivals and fairs grew in popularity. Modern bingo cards were patented by American vendor Edwin S Lowe in 1942.

    However, it was almost two decades later, in 1961, when the introduction of the Betting and Gaming Act meant big prizes could be played. From there, the cash prizes became the main reason players joined in the fun.

    The bingo room

    Once this law was introduced bingo halls began to appear across the UK. Here players gather in a room and enjoy a fun and affordable outing. These rooms created great social opportunities for groups of friends to meet and play while catching up on the week’s events.

    This lively atmosphere is enhanced by the bingo caller who shouts the classic rhymes and phrases for the numbers, as well as the thrill of seeing who will be the first in the room to get a line or even a full house.

    online bingo

    Online bingo sites share many similarities with bingo halls. They have a hectic vibe, as well as the thrill of seeing who in the “room” will win. The main difference is that you are in a virtual room. This makes it an attractive choice for those who prefer to play from home. It also makes it more accessible as players don’t have to physically leave home to participate.

    There are different ways to access online bingo sites, either through mobile sites and apps or through a desktop computer. Each offers the same gameplay options, just in different formats.

    Whether you prefer to play online or in person, you will find bingo to be a fun and fast game. It’s easy to see why it’s remained popular all these years.

    Credit card balances rise after stimulus checks help reduce debt

    For many Americans, the pandemic-induced downturn has presented a rare opportunity to improve their financial situation.

    Government stimulus checks and shrinking spending opportunities have driven the personal savings rate to a level not seen since World War II, with many consumers using the cash they had to pay off their debts – mainly their balances credit cards, which have the highest interest rates. , with an average of more than 16%.

    In total, consumers have paid off a record $83 billion in debt on their credit cards during the pandemic, but the recent spike in the prices of gas, groceries and housing, among other necessities, forces most of them to rely on their credit cards again.

    That of the Federal Reserve monthly credit report found that revolving credit, which primarily includes credit card balances, jumped nearly 20% in April from the previous month to $1.103 trillion, breaking the pre-pandemic record of $1.1 trillion. dollars.

    Meanwhile, credit card balances are also growing year-over-year, reaching $841 billion in the first three months of 2022, and are expected to continue to rise, according to a separate Federal Reserve Bank report. from New York.

    Rising credit card borrowing, along with car loans, student debt and mortgages, has now pushed total household debt to a record $15.84 trillion.

    “A big drop and then a big rise”

    “We got our new all-time high – it only took 11 months for revolving debt to bottom out and then 15 months from there to climb back to a new high,” said Ted Rossman, senior analyst. of the industry at CreditCards.com.

    “After the financial crisis, it took almost 10 years from peak to peak,” Rossman said. “It’s definitely been a V-shaped curve – a big drop and then a big rise.”

    “But it’s not all bad news,” he added. “Part of that reflects rising consumer spending, which is good for the economy.”

    Yet credit cards are already one of the most expensive ways to borrow money.

    Learn more about personal finance:
    Some medical debt will soon disappear from credit reports
    Emergency savings hit as households adjust finances
    What Financial Advisors Would Tell Their Young People Themselves

    As the Federal Reserve raises interest rates to rein in inflation, which is at its fastest pace in more than 40 years, maintaining a balance will soon cost even more.

    Since most credit cards have a variable rate, there is a direct link to the Fed’s benchmark index. As the federal funds rate rises, the prime rate also rises, and credit card rates follow. Cardholders typically see the impact within a billing cycle or two.

    Annual percentage rates currently average 16.61%, but could be closer to 19% by the end of the year – which would be an all-time high, according to Rossman.

    To date, the record is 17.87%set in April 2019.

    If the APR on your credit card increases by two percentage points from its current level, it will cost you an additional $832 in interest charges over the term of the loan, assuming you have made minimum payments on a average balance of $5,525, he calculated.

    Also, it would take more than 16 years to pay.

    “The biggest problem isn’t the monthly payments, it’s the cumulative effect of paying a high rate over a long period of time,” Rossman said.

    If you have a balance, try consolidating and paying off high interest credit cards with a lower interest rate home equity loan or a personal loan or switch to an interest-free balance transfer credit card, he advised.

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    Did you graduate with credit card debt? 3 tips to deal with it

    Image source: Getty Images

    Don’t worry, your debt doesn’t have to last forever.


    Key points

    • Many people graduate with a pile of debt on their credit cards.
    • The right approach could make it easier to pay off that debt and move forward with a clean slate.

    If you found yourself perpetually strapped for money in college, you were probably in good company. Many students end up racking up debt on their credit cards, largely because they can’t work full-time (or in some cases, even part-time) while in school.

    But if you’ve since graduated from college with a pile of debt, you might want to get rid of it quickly. Here’s how to tackle that debt so it doesn’t weigh you down for years.

    1. Determine which debts are costing you the most

    Do you owe money on several different credit cards? Chances are that each card will come with a different interest rate. One of the first steps to getting rid of debt is to figure out which cards are charging you the most interest, because those are the debts you’ll want to pay off first.

    You might assume that you should tackle small debts first, as they are easier to eliminate. But if you owe $500 on a 12% interest credit card and $1,000 on a 16% interest card, it’s best to tackle the larger balance first.

    Granted, attacking the lower balance could be good for your morale. But it’s important to see the big picture and minimize your interest charges, as this will make it easier to eliminate your debt for good.

    2. Check if you are eligible for a balance transfer

    A balance transfer could be a good way to consolidate your existing debt and make it easier to pay off. This particularly applies if you are able to secure a 0% introductory rate offer.

    But be careful – balance transfers can trip you up if your balances transfer fees are high. And also, for a good offer, you will need decent credit. If you don’t have it, you may not be able to qualify for a valid offer or you may not be able to complete a balance transfer at all.

    3. Consider a personal loan

    A balance transfer can help you consolidate your debt so that you make one monthly payment instead of keeping tabs on four or five different accounts. A personal loan could have a similar effect, and while you usually won’t be able to get a personal loan with a 0% start rate, these loans generally charge less interest than credit cards in general.

    Of course, as is the case with a balance transfer, a not-so-good credit score could stumble you on the path to qualifying for a personal loan. That doesn’t mean you can’t get one, but you might end up with a higher borrowing rate than you’d like. But if you happen to have pretty good credit, a personal loan is definitely worth looking into.

    Graduating from college with credit card debt can be a tough thing to deal with mentally and financially. But as you establish a career and start earning a steady income, you’ll be in a better position to tackle that debt. And if you take the right approach to eliminating it, you could be debt free before you know it.

    The best credit card waives interest until 2023

    If you have credit card debt, transfer it to this top balance transfer card guarantees you an introductory APR of 0% in 2023! Plus, you won’t pay any annual fees. These are just a few of the reasons why our experts consider this card a top choice to help you control your debt. Read our full review for free and apply in just 2 minutes.

    Global Online Lottery Market To Hit $14.5 Billion By 2026 – European Gaming Industry News

    Reading time: 2 minutes

    Emerging market leader expands top-tier portfolio with more top-tier slots from an emerging Asian force in multiplayer video content

    QTech Games, the number one gaming distributor in all emerging markets, has announced its latest premium partnership with Asian video content and slots provider, CQ9 Gaming.

    Under the terms of the new agreement, CQ9 Gaming’s GLI-certified portfolio – comprising premium slots, arcade games and tabletop casino games – has been integrated for QTech Games customers and their players, providing another benefit to a powerful platform recognized for bringing the best online games to market in developing territories.

    Popular CQ9 titles include Chance, [1945[1945, Chronos, Zeus, lucky peach, and many more that harness the appeal of multiplayer fish games, arcade games, not to mention multiplayer online board and card games. This ever-evolving production line will help QTech Games strengthen its full suite of gaming verticals, at the heart of QTech ONE™, its definitive one-stop-shop for global operators.

    The deal organically expands CQ9 Gaming’s global footprint, accessing a new field of growing markets for accelerated expansion. As the fastest growing distributor in recent years, QTech’s platform is localized for each region with native mobile apps, robust reporting and marketing tools, and 24/7 local language support. and 7 days a week.

    Ulf Norder, CCO at QTech Games, said: “We are thrilled to partner with CQ9 Gaming, whose stunning graphics and gameplay chart are at the top of the market. The QTech Games platform is equipped with the best games from the world’s leading providers – and CQ9 now joins this branching tree.

    “CQ9 Gaming may only be a young company, but they have already managed to build a strong fan base in Asia and continue to conquer previously untapped markets in Europe and Latin America. Their titles are working on an agile HTML5 game engine, which means you can access it via desktop or mobile devices, although the casino does not currently offer a dedicated mobile app.

    “Wherever you set up your scene in this ever-changing landscape, our platform upholds a mobile-first mantra, packed with all the best localized games that cater to diverse cultural tastes. As an instructive example, if you don’t offer the game of fish in China, there is no chance of success. And it’s a similar story with the Andar Bahar in India. CQ9 understands the demand for regional specificity throughout Asia and beyond, making it a logical, long-term ally to team up with.

    A CQ9 spokesperson added: “This agreement significantly expands CQ9 Gaming’s international influence, opening up the ‘marginal’ markets of Eastern Europe and Latin America for diversified growth.

    “CQ9 is one of the leading video slot providers in the Asian market with over 100 titles to their credit. We are constantly working to expand this reach and establish ourselves in Europe and CIS facing territories, and QTech’s broad reach in accessing emerging markets means we can do this deftly while building our existing Asian-focused audience.

    “Our goal has always been to design intuitive and interactive live dealer experiences that are personalized for every generation of mobile end users. As QTech Games is an instrumental distributor across Asia and other untapped regions, we look forward to seeing how our games connect with different and diverse player profiles.

    “In an age where localization techniques are being refined, QTech Games truly delivers on its brand promise of customizing high-class content for diverse cultures. That’s what keeps them at the forefront of relevance for all kinds of players in the bubbling melting pot of emerging markets.

    How to Pay Off Credit Card Debt: 6 Winning Strategies

    Our goal at Credible Operations, Inc., NMLS Number 1681276, hereafter referred to as “Credible”, is to give you the tools and confidence you need to improve your finances. Although we promote the products of our partner lenders, all opinions are our own.

    If you’re wondering how to pay off your credit card debt, these 6 proven strategies can help you pay down your balances and free yourself from debt. (Stock)

    Paying off credit card debt may seem impossible, but it can be done. With a well thought out plan and strategy in place, you can make steady progress towards paying off your balances until you are finally debt free.

    Here’s a look at six proven strategies to help you pay off your credit card debt, plus some tips for avoiding credit card debt in the future.

    A debt consolidation loan can be a great way to pay off and eliminate credit card balances. Visit Credible for view your prequalified personal loan rates from various lenders in minutes.

    1. Pay off the debt with the highest interest rate first

    Ideal for those who want to save on interest charges

    Known as the avalanche of debt method, this strategy consists of making the minimum monthly payments on all your credit cards, except the one with the highest interest rate. Focus on making the largest possible payment on your highest interest card to pay down your balance quickly. Then, once that card has paid off, you will move on to the card with the next highest rate. You will continue this process until all of your credit card balances have been paid in full.

    Advantages

    The biggest advantage of the debt avalanche method is that it will save you money on total interest charges. By tackling your highest interest debt first, you’ll ensure that less interest accrues on your outstanding balances over time. Also, since the total amount you’ll owe will be smaller, you should be able to pay off your credit cards sooner, assuming you’re able to continue making payments consistently.

    Disadvantages

    Unfortunately, it may take longer to see substantial progress with this method, especially if your highest interest credit card balance is quite large. If you’re someone who tends to get discouraged when you don’t see results right away, you may be better suited for the next debt repayment strategy.

    SURVEY: 40% OF GENERALS SAID CREDIT CARD DEBT IS THEIR BIGGEST FINANCIAL CONSTRAINT

    2. Pay off the smallest balance first

    Ideal for those who like to see quick results

    With the snowball method, you’ll make the minimum monthly payment on all of your credit cards except the one with the lowest balance. On this card, you will want to make the highest payout possible. Then, once you’ve paid off that card, switch to your card with the lowest balance until you’re completely debt free.

    Advantages

    The biggest advantage of the debt snowball method is that it gives you fast results. It is meant to entice you to continue your debt repayment journey by offering you a series of small payoffs at the start. Even if you only pay off a small balance, your confidence will likely increase as you progress.

    Disadvantages

    The downside to the debt snowball method is that you’ll likely pay more interest over time. These additional charges will increase the total amount of money you will pay to your creditors. They can also lengthen the process of paying off your debts.

    3. Take out a debt consolidation loan

    Ideal for those juggling multiple debt payments

    A debt consolidation loan is a Personal loan that you use to pay off high-interest debt, especially credit cards. To take out a debt consolidation loan, you will apply for a new loan from a lender. Then, if you’re approved, you’ll use the loan funds to pay off your existing credit card balances. Some personal lenders will pay your creditors directly for you.

    Credible, it’s easy to compare personal loan rates from various lenders, all in one place — and it won’t affect your credit score.

    Advantages

    The main advantage of a debt consolidation loan is that it lets you streamline multiple payments into one. If you’re struggling to meet your minimum payments and due dates, this may be a good option for you. Plus, since personal loans often have lower interest rates than credit cards, chances are you’ll save money on interest charges over time.

    Disadvantages

    It is important to note that debt consolidation loans often come with additional fees. Depending on the terms of your loan, the lender may charge an origination fee, which is an initial fee that covers the administrative costs of underwriting the new loan. Assembly costs typically range from 1% to 8% of the total loan amount, and the fee will be deducted from your loan funds when disbursed. In other cases, you may have to pay a prepayment penalty if you decide to prepay your loan.

    CREDIT CARD CONSOLIDATION CAN SAVE YOU THOUSANDS AS PERSONAL LOAN RATES ARE AT RECORD LOWS

    4. Use a credit card with balance transfer

    Ideal for those with high credit scores

    Balance transfer credit cards allow you to transfer your balances from an existing high-interest credit card to a new card with a lower interest rate. Balance transfer cards often come with an introductory APR of 0% for a certain period, and some cards may even waive the balance transfer fee during the promotional period. To use this debt repayment method, you must first apply for a new credit card and get approved.

    Advantages

    The biggest advantage of a balance transfer credit card is the introductory promotional rate. For a limited time, you’ll have the option to pay off your new balance without accumulating interest. This can help you make further progress in paying off your balance.

    Disadvantages

    Balance transfer credit cards are generally only available to borrowers who have higher credit scores. If you have a lower score, you may need to consider other options. Plus, there’s the promotional schedule to consider. Once the Interest Rate Introductory Period is over, your rate will adjust to the card’s regular rate, which may be higher than the rates you were paying on your original credit cards. Balance transfer cards often come with a balance transfer fee, usually 3% to 5% of each amount you transfer.

    HOW DO BALANCE TRANSFERS AFFECT YOUR CREDIT SCORE?

    5. Seek help through debt relief

    Ideal for those whose debt has become unmanageable

    Seeking debt relief involves hiring a third party to negotiate with your creditors on your behalf. Debt relief usually comes in one of three forms: a debt management plan, debt settlement, or bankruptcy. With these methods, the third party can help you negotiate the refund, which may be less than the total amount you owe in some cases.

    Advantages

    When it comes to debt relief, the main advantage is that there will be less legwork for you. Negotiating with creditors often requires making several phone calls and sometimes even sending letters. When you hire a third party, much of that work is handled for you.

    Disadvantages

    This method also has multiple drawbacks. For starters, debt settlement companies often charge high fees to negotiate your debt for you. The company may also ask you to stop making payments on your credit cards, which can have negative effects. affect your credit score when missed payments show up on your credit report. Finally, some debt settlement companies are disreputable. If you’re considering going this route, be sure to do plenty of research. To make sure you are dealing with a legitimate company, contact your state attorney general.

    Using a personal loan to consolidate debt can often be a better option than settling your debt for less than you owe. If you’re opting for a personal loan to pay off your high-interest credit card debt, visit Credible for view your prequalified personal loan rates in minutes.

    6. Borrow money from family or friends

    Ideal for those who do not qualify for other debt repayment options

    If you can’t make any of the other debt repayment options work, you might want to consider borrowing money from family and friends. If you choose this option, it’s a good idea to carefully consider who you’ll be asking to lend you funds, draft a repayment agreement, and prioritize the necessary payments.

    Advantages

    Access to flexible repayment terms is undoubtedly the biggest advantage of borrowing money from relatives. People around you will often be willing to give you a lower interest rate than normal, if they charge you interest. They can also be flexible about your repayment schedule.

    Disadvantages

    Too often, money has the potential to ruin relationships. If you don’t pay back what you owe, it will most likely put a strain on your relationship.

    How to Avoid Future Credit Card Debt

    Now that you have a better idea of ​​how to repay credit card debt, the next step is to learn how to avoid taking on more debt in the future. Here are some strategies to help you stay debt-free:

    • Spend what you can afford. Although credit cards allow you to fund purchases and pay them back later, it’s best to treat your credit cards like cash. If you only spend the amount you have in your bank account, you’ll be able to pay off your balances in full and avoid accruing interest or charging new debt.
    • Pay as much as you can. Even if you can’t pay off all of your balances each month, you should make the highest possible payment. When you only make the minimum payment, it results in the accumulation of a significant amount of interest charges, which can cost you more money over time.
    • Pay on time. When you make a late payment, interest charges start accumulating. You may also have to pay late fees. In addition to costing you money, late payments can also negatively affect your credit score.