Art exhibits – Momento Dada http://momentodada.com/ Mon, 09 Aug 2021 14:29:41 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.1 https://momentodada.com/wp-content/uploads/2021/07/icon-2021-07-30T222814.835-150x150.png Art exhibits – Momento Dada http://momentodada.com/ 32 32 The ‘place of the idea’ | 7 things to know about the $ 3.5 million renovation of the Berkshire Museum | Local News https://momentodada.com/the-place-of-the-idea-7-things-to-know-about-the-3-5-million-renovation-of-the-berkshire-museum-local-news/ https://momentodada.com/the-place-of-the-idea-7-things-to-know-about-the-3-5-million-renovation-of-the-berkshire-museum-local-news/#respond Fri, 06 Aug 2021 01:00:00 +0000 https://momentodada.com/the-place-of-the-idea-7-things-to-know-about-the-3-5-million-renovation-of-the-berkshire-museum-local-news/ Above: After the renovation of the second floor of the Berkshire Museum, daylight is visible at the top of the stairs. Additionally, a circle of varnish indicates where the Lost Pleiade has sat for decades. Below: The Pittsfield Town Clock is part of the new “Objects and Their Stories” exhibit. photos of BEN GARVER – […]]]>






Stair changes

Above: After the renovation of the second floor of the Berkshire Museum, daylight is visible at the top of the stairs. Additionally, a circle of varnish indicates where the Lost Pleiade has sat for decades. Below: The Pittsfield Town Clock is part of the new “Objects and Their Stories” exhibit.



PITTSFIELD – Over the past 15 months, work teams have taken over the beautiful building that houses the Berkshire Museum, blasted bugles there to solve old problems and, after a major art sale, to help the institution to redefine its place in the local culture.

The museum reopens its second floor on Friday after $ 3.5 million in renovations funded by the 2018 sale of 22 of its most valuable artifacts. Raising tens of millions of dollars, museum executives said in the face of criticism at the time, was necessary to save the place from financial collapse and structural degradation.

Proceeds from the sale of artwork were paid for all construction in and around the 39 South Street property last year.

As visitors ascend a flight of marble steps to the museum’s main exhibition halls, they will find a considerably refreshed space, from newly laid wooden floors to reconstructed walls now able to hold back the winter chill.

In front of them, as they go upstairs, are a newly constructed art studio, science lab, two bathrooms, “pocket galleries” and, where once was a staff kitchen, a sitting area. calm audience through which the light passes.






Jeff Rodgers

Jeff Rodgers, Executive Director of the Berkshire Museum.



“We finally have amenities here that never existed,” said Jeff Rodgers, the museum’s executive director, on a tour this week, checking off any changes. “All of this together is the rebirth of the second floor. “

Berkshire Museum invests $ 3.5 million to protect building and transform Pittsfield mission

Here are seven things to know about the museum’s big reveal:

1. JUST COMPLETED

It’s basically the same second floor, but the floor doesn’t creak anymore. The walls don’t cry due to inadequate insulation and air conditioning. While the showrooms now glow under strings of programmable LED lights that showcase new white oak flooring, the basic layout is the same except for the new spaces mentioned above.

In a first phase of work led by Allegrone Construction Co., at a cost of $ 2 million, the museum installed a new sewer line, waterproofed its foundations, installed new drains to channel rainwater and extended its rise. -charged. This elevator now reaches the second floor, allowing the museum to bring large objects to its main exhibition floor for the first time.

(Spoiler alert: this will include the fictional submarine coming in January for “Voyage to the Deep,” an interactive exhibit designed for young audiences and inspired by Jules Verne’s book “20,000 Leagues Under the Sea”.)

The second phase of the work, led by Salco Construction Co., allowed for the reconstruction of the interior spaces upstairs. Teams reduced some walls to their studs to replace the old plaster with a sturdy wall panel that sits on plywood and steel framing more suited to modifiable museum exhibits. By insulating its exterior walls, the museum can better take care of rare objects sensitive to heat and humidity. The redesign was shaped by Bradley Architects and Berkshire Design.

2. HOW THE MUSEUM PAY FOR IT

The museum used the proceeds of the $ 53.25 million it made from the sale of artwork in 2018 to fund infrastructure repairs and renovations. This big nest egg, obtained after a legal battle resolved by the attorney general’s office and a judge on the Supreme Judicial Court, will also help the museum tackle the next project: a renovation of the first floor. (More on this below.)

The new endowment also puts about $ 1 million into the museum’s operating budget – half of what Rodgers calls its current “austerity” spending during the pandemic. To prepare for future construction needs, the museum allocates $ 300,000 per year in a reserve fund.

3. A MUSEUM ON THE MOVE

At the Berkshire Museum, they want you to come back. And then again.

Rodgers says the museum’s exhibition spaces, even only some sections, are now designed to renew themselves regularly, at least quarterly. He predicts that the museum could see a complete change in what it presents every two years.






Pittsfield City Clock

The Pittsfield Town Clock is part of the new “Objects and Their Stories” exhibit.



A key tool: the museum has purchased 30 “mobile museum units” which can be fitted with small screens – and even travel to audiences elsewhere. It also uses tables that can be set up with chairs and workspaces, to promote hands-on engagement with the exhibits.

“Anything can move from here to anywhere else, including our technology. Everything is designed to be mobile, ”Rodgers said. “Adaptability and mobility. These are the watchwords now.

4. MIX THE OLD WITH THE NEW

Returning customers, in case you were wondering: The exhibition space housing ‘Objects and Their Stories’ features two of the museum’s most popular collections: a mummified Egyptian and the preserved head of a famous moose.

“We wanted to bring Old Bill back because he was a local favorite,” Rodgers said. Old Bill is the nickname for the moose that was killed in 1920 as part of a herd on the private estate of William C. Whitney on land now part of the October Mountain State Forest.

Old Bill watches from a perch on an interior wall of the gallery, along with other animal trophies. The other old favorite, the mummified person known as Patah, is lying in a glass enclosure in the next room.

“There are things people just expect to see when they’re here,” Rodgers said.

The “new,” said Rodgers, will be featured both in independent exhibitions, such as the one which now features photographs of Bhutan by local artists Dan Mead and Sally Eagle and using items from the 40,000-item collection of the museum to tell new stories.

“The goal is not to have one way to look at these objects. So you learn new things about it. [The museum] becomes a continuous, living and adaptive environment, ”he said.

This includes “Winged Victory”, the museum’s reproduction of Hellenistic sculpture that lives in the Louvre in Paris. It took four days for the museum to move “Nike,” as the artwork is also known, inch by inch using a portable crane. “There is no way to take it off display,” he said.

Much Easier to Move: Six of nine toys created by artist Alexander Calder, now tucked away in a new display in one of the new “pocket” galleries.

5. ROLE OF “STORYTELLER”

Decades of collecting, acquisitions and gift giving have made the Berkshire Museum a major regional attraction. Today, the museum’s main goal, says Rodgers, is to help visitors think about the world around them by displaying items from its collections of approximately 40,000 objects.

“We cannot be a museum that collects in all of the areas that this museum has funds in,” Rodgers said. “We are truly a storytelling museum. We are not a collecting institution. We are a place of ideas.

The approximately 1,400 objects currently on display represent less than 4% of the museum’s collection.

Who listens to these stories? The museum received an average of 60,000 visitors per year.






Classroom

The second floor of the Berkshire Museum now has modular classrooms in a space formerly occupied by a catering kitchen.



6. RESETTING THE MISSION

Rodgers arrived in April 2019, after the departure of Van Shields, the executive director who initially spearheaded the art’s cession by the museum’s board of trustees and after the controversial sales ended. The current director’s guidance document, however, is the blueprint that gave rise to the art sales.

The story of the Berkshire Museum art auction comes to the symposium circuit.  Critics were denied the spot on the billboard

The plan called for the museum to heal its construction problems and, citing responses from polls and focus groups, shape new exhibits that made greater interdisciplinary use of its collection – minus the works of art that were sold. , including two acclaimed paintings by Norman Rockwell that the artist donated to the museum.

7. THE FUTURE

As of this week, the center of the second floor, the paneled Ellen Crane Memorial Hall, is still awaiting her TLC. A plan first presented by Shields called for the crane room to be significantly renovated.

Today that plan has been scuttled and the room, which sits under a glass-tile ceiling, will be refreshed rather than restored. “It’s architecturally and artistically significant,” Rodgers said of the space, named after a relative of museum founder Zenas Crane. “The goal is to restore it to its original splendor. We just want to restore what we have.






Crane room

A museum employee cleans the decorations at a reception in the crane room of the Berkshire Museum.



The designers are working on improving the acoustics of the room and will replace its floor covering, a sort of rubberized slab.

Next week, the museum will announce that it has hired a Cambridge company, IKD, to lead the planning of its first floor renovations, with a concept and blueprints that will be ready by the end of next year. As part of this, all or part of the aquarium, now in the basement, will move to the first floor. Also to come: work on the museum theater.


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Bicknell Center announces 2021-22 season | Local News https://momentodada.com/bicknell-center-announces-2021-22-season-local-news/ https://momentodada.com/bicknell-center-announces-2021-22-season-local-news/#respond Fri, 30 Jul 2021 14:04:00 +0000 https://momentodada.com/bicknell-center-announces-2021-22-season-local-news/ PITTSBURG, Kan. – A Broadway musical, several nationwide tours, and locally produced concerts, plays and events are scheduled for the 2021-22 season at the Bicknell Family Center for the Arts. “We are delighted to once again be able to offer live performances to an in-person audience,” Bicknell Center director Joe Firman said in a statement. […]]]>

PITTSBURG, Kan. – A Broadway musical, several nationwide tours, and locally produced concerts, plays and events are scheduled for the 2021-22 season at the Bicknell Family Center for the Arts.

“We are delighted to once again be able to offer live performances to an in-person audience,” Bicknell Center director Joe Firman said in a statement. “And we are happy with many of our locally produced events so that we can continue to broadcast them live for viewing by those who cannot attend in person.”

Tickets go on sale at 8 a.m. on Friday August 6. They can be purchased at the PSU ticket office, room 137 in the Garfield Weede building; online at pittstate.edu/office/ticket; or by calling 620-235-4796. Faculty, staff, and students are eligible for discounted or free tickets by showing their PSU ID in person. Admission to art exhibitions and most concerts of PSU bands is free.

Uptown will perform on September 18. The music group combines R&B with today’s new hits. Ticket prices range from $ 13 to $ 25.

The Broadway musical “South Pacific” will perform on February 20. Set on a tropical island during WWII, this timeless Rodgers & Hammerstein classic features beautiful music woven into an inspiring story. Ticket prices range from $ 32 to $ 79.

Aubrey Logan will perform with the Southeast Kansas Symphony on March 26. Logan, of Postmodern Jukebox, is a contemporary jazz artist. Ticket prices range from $ 13 to $ 25.

The Rodney Marsalis Philadelphia Big Brass Band will perform on April 24. Ticket prices range from $ 13 to $ 25.

Darrell Brogden’s “Retro Cocktail Hour Live”, featuring The Waitiki 7, will perform on May 1st. Brogden, of Kansas Public Radio’s “Retro Cocktail Hour”, will be hosting an evening filled with costumes and cocktails. Waitiki 7 mixes Polynesian music with jazz. Ticket prices range from $ 13 to $ 25.

As part of the Pitt State Theater season, “Lapin Lapin” will be performed October 21-24. Written by Coline Serreau, the comedy tells the story of a dysfunctional failing family that seeks to make a living in economically depressed France. It is directed by Linden Little. Ticket prices range from free to $ 12.

The Pitt State Theater will also be producing “The 39 Steps” from February 25-27. This Tony and Drama Desk Award winning play is directed by Gil Cooper. Ticket prices range from free to $ 12.

A power pack production slated for April 22-24 has yet to be determined.

For the full schedule of events for next season, visit bicknellcenter.com.


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What to Know About Car Title Loans and How It Works https://momentodada.com/what-to-know-about-car-title-loans-and-how-it-works/ https://momentodada.com/what-to-know-about-car-title-loans-and-how-it-works/#respond Sun, 25 Jul 2021 07:00:00 +0000 https://momentodada.com/what-to-know-about-car-title-loans-and-how-it-works/ 212Loan Get to know what a car title loan is and how it works. NEW YORK, NEW YORK, UNITED STATES, July 25, 2021 /EINPresswire.com/ – Need money quickly to pay rent, bills or deal with emergencies? Then an auto title loan could be the answer to your money problems. A car title loan is a […]]]>

212Loan

Get to know what a car title loan is and how it works.

NEW YORK, NEW YORK, UNITED STATES, July 25, 2021 /EINPresswire.com/ – Need money quickly to pay rent, bills or deal with emergencies? Then an auto title loan could be the answer to your money problems.

A car title loan is a short term loan where the borrower uses the title of his car, truck, motorcycle, semi-truck or any other vehicle as collateral. Simply put, a car title loan is where a borrower gives the lender title to their vehicle in exchange for quick funds. Just like payday loans, car title loans usually last for 15 to 30 days, and you can get up to $ 10,000 to deal with any unforeseen emergency you might have.

Car title loans are attractive because they are quick, don’t require a credit check, have less paperwork, and you can get the money in less than an hour of walking into the lender’s store. All you have to do is take your car to the lender, get their approval for the loan, give the lender title to your vehicle, get the money, and pay off the loan on the due date. ‘due date. But before you apply for an auto title loan, you need to make sure that your vehicle is clean, free from payment, and in good repair. A vehicle with past due payments or repair problems will reduce your chances of getting the loan.
The exact amount you get from a car title loan is based on the current market value of the vehicle used as collateral. And the loan limit is usually between 25% and 50% of the current market value of your vehicle.

Before getting an auto title loan, you should know that there are two types of auto title loans – and which one you get depends on the agreement between you and the lender. The types of auto title loans available to you are:

1. Single payment loans: This car title loan requires you to repay the money owed, including the 25% monthly finance charge (interest rate) and other charges, all at once after 30 days. . Multiple payments are not accepted in this type of auto title loan, and borrowers have to pay it all off in one large sum or risk losing their vehicle.

2. Installment loans: This auto title loan allows you to make several installments spread over 3 to 6 months. Most installment loans also have an annual percentage rate (APR) that tells you how much it costs to borrow money for a year. The APR is based on:

• The amount borrowed
• Monthly interest rate
• Term of the loan
• And how much you pay for the additional costs.

How it works
Getting a car title loan is very easy, as lenders don’t care about proof of your income source or your credit score. They only need your car and a few documents to show that you are who you are and that you own the car. Your application can be completed on the lender’s website, but you will need to bring your car to the lender’s physical store for document verification and vehicle inspection.

Here’s how an auto title loan works:
Step 1: You complete the application form online or in the lender’s physical store.

Step 2: You show the lender your car and other necessary documents like your photo ID and proof of your car title, auto insurance, and driver’s license.

Step 3: The lender checks the condition of the vehicle, confirms the documents and approves the loan.

Step 4: You get the money and he keeps your car title

Step 5: You pay off the loan plus interest after 30 days and get title back to your car.
In addition, a lender may also require a borrower to install a GPS tracker or device that turns off a car’s ignition in the vehicle in the event of a potential trade-in. This extra detail is put in place to protect the interest of the lender as there is an above average risk of default with this short term loan.

A real life example of how to get a car title loan
Travis is strapped for cash and cannot afford his daughter’s medical bills. He decides to borrow money from a lender using his vehicle as collateral for an auto title loan. He gives the lender the necessary documentation and he obtains a loan of up to 50% on the basis of the current market value of his vehicle. He reimburses after 30 days and recovers the title of his vehicle again.

How to find a trusted lender
If you are looking for a place to find a trusted lender, we suggest you give 212Pawn a try. 212Pawn is a research site that gives you access to the best lenders in your area. All you have to do is enter your vehicle details and they will put you in touch with the best lenders.

Now that you know how an auto title loan works, why not apply for one and take care of your emergencies!

Mr. Ready
212Loan
+1 2122035407
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ChoiceCash Title Loans, served by LoanMart, expand to https://momentodada.com/choicecash-title-loans-served-by-loanmart-expand-to/ https://momentodada.com/choicecash-title-loans-served-by-loanmart-expand-to/#respond Thu, 22 Jul 2021 07:00:00 +0000 https://momentodada.com/choicecash-title-loans-served-by-loanmart-expand-to/ ChoiceCash Securities Lending, Managed By LoanMart, Expands Into Minnesota VAN NUYS, Calif., July 22, 2021 (GLOBE NEWSWIRE) – As of July 2021, ChoiceCash Title Loans, operated by LoanMart, has extended its services to the state of Minnesota. Therefore, qualified residents looking for securities lending in Minnesota have the option of using the financing of a […]]]>

ChoiceCash Securities Lending, Managed By LoanMart, Expands Into Minnesota

VAN NUYS, Calif., July 22, 2021 (GLOBE NEWSWIRE) – As of July 2021, ChoiceCash Title Loans, operated by LoanMart, has extended its services to the state of Minnesota. Therefore, qualified residents looking for securities lending in Minnesota have the option of using the financing of a ChoiceCash title loan.

In recent months, ChoiceCash Title Loans has expanded lending services to the Mid-West States of Wisconsin and Nebraska, the Mid-Atlantic State of Virginia, and the Southeast State of Arkansas. and northwestern Montana.

ChoiceCash Title Loans, managed by LoanMart, are a unique type of loan that allows the borrower to use the title of their qualifying vehicle as collateral to secure financing. Since the equity in the vehicle is used to secure the loan, title deed lenders can often approve people with low credit, no credit, or a history of bankruptcy.

For more details and additional information on ChoiceCash Securities Lending in Minnesota, residents can call 855-914-2945 to speak with a loan specialist.

LoanMart is a distributor and service for ChoiceCash securities lending provided by Capital Community Bank, a Utah chartered bank located in Provo, UT, member of the FDIC. All loan applications are subject to the Capital Community Bank’s credit criteria, which includes the provision of acceptable real estate as collateral. Customers must demonstrate their ability to repay the loan. Not all applicants are approved. The application process may take five (5) minutes. Upon completion, conditional approval may be given pending review of documentation. Funding time is based on the time elapsed from final approval following receipt and review of all required documents and signing, by 5:00 p.m. PST on a business day.

        


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Title lending vs registration lending https://momentodada.com/title-lending-vs-registration-lending/ https://momentodada.com/title-lending-vs-registration-lending/#respond Thu, 15 Jul 2021 07:00:00 +0000 https://momentodada.com/title-lending-vs-registration-lending/ If you need the cash right away and you own a car, you might be wondering whether you should get a title loan or a registration loan. Both of these loans provide a way to get financing quickly by using certain aspects of your car to secure the loan, but there are some differences between […]]]>

If you need the cash right away and you own a car, you might be wondering whether you should get a title loan or a registration loan. Both of these loans provide a way to get financing quickly by using certain aspects of your car to secure the loan, but there are some differences between the two options. Let’s dive deeper into this online securities lending and registration loans are, and how they differ from each other.

What is a title loan?

A title loan is a secured loan that allows you to use your car as collateral to secure funds. You can receive a loan amount of up to 50% of the appraised value of your vehicle and you can continue to drive your car while you pay off the loan. Most securities lenders require that you own or hold equity in your vehicle. If you get the approval, the lender will keep your title while you pay off the loan.

What is an enrollment loan?

A registration loan is a secured loan that uses your car’s registration as collateral, so you may be able to get approved without owning the car. The lender will decide the loan amount based on factors such as the value of your vehicle and your income. Just like with title loans, you can continue to drive your car while you pay off the loan.

Differences between title loans and registration loans

Eligibility criteria

Title loans require you to own your car or have equity in your car to qualify, unlike car registration loans. With a registration loan, all you need to do is have the registration in your name.

Amount of the loan

Title loans have larger borrowing limits than car license loans since you must own your car. You may be able to receive a title loan worth 25 to 50% of the appraised value of your vehicle.

Interest rate

Vehicle registration loans may have higher interest rates because they do not involve the use of your car as collateral.

Risk of repossession

Although the lender can repossess your car if you do not pay off a title loan, there is no risk of repossession with registration loans since you are not using your car as collateral. But they can come with other risks in default, such as the lender sending collections after you or suing you for the remaining balance.

The bottom line

Since title loans can come with lower interest rates and higher borrowing limits, they may be the right option for you if you own your car. But if you don’t own your car and need some quick cash, you may want to consider getting a car license. Do your research and compare lenders and loan terms to find the best option for your situation, and make sure you can repay the loan before you apply.


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ChoiceCash Securities Lending, Managed By LoanMart, Expands In Nebraska, Arkansas and Montana | 2021-06-23 | Press Releases https://momentodada.com/choicecash-securities-lending-managed-by-loanmart-expands-in-nebraska-arkansas-and-montana-2021-06-23-press-releases/ https://momentodada.com/choicecash-securities-lending-managed-by-loanmart-expands-in-nebraska-arkansas-and-montana-2021-06-23-press-releases/#respond Wed, 23 Jun 2021 07:00:00 +0000 https://momentodada.com/choicecash-securities-lending-managed-by-loanmart-expands-in-nebraska-arkansas-and-montana-2021-06-23-press-releases/ VAN NUYS, Calif., June 23, 2021 (GLOBE NEWSWIRE) – ChoiceCash Title Loans is proud to announce its expansion into Nebraska, Arkansas and Montana. Starting in 2021, qualified residents of these areas of the Midwestern and Western United States now have the option of using their vehicle equity through a ChoiceCash title loan, managed by LoanMart. […]]]>

VAN NUYS, Calif., June 23, 2021 (GLOBE NEWSWIRE) – ChoiceCash Title Loans is proud to announce its expansion into Nebraska, Arkansas and Montana. Starting in 2021, qualified residents of these areas of the Midwestern and Western United States now have the option of using their vehicle equity through a ChoiceCash title loan, managed by LoanMart.

Regarding expansion, Rainer Walk, SVP Corporate Development at LoanMart, said, “Providing service in Nebraska, Arkansas and Montana has been one of our goals. It’s great to see this goal come to fruition after everyone’s hard work. ”

Last month, ChoiceCash Title Loans announced the availability of the service in Wisconsin and Virginia. Previously, California, District of Columbia, Florida, Indiana, Kansas, Kentucky, Michigan, Mississippi, Ohio, Oklahoma, Oregon, South Dakota, Tennessee, Texas and Washington were the only regions to offer the ChoiceCash Title Loan product.

Residents looking securities lending in Nebraska , securities lending in Arkansas , or Montana securities lending need multiple documents to be considered for approval. Typically, these documents are government issued photo ID, proof of residency, proof of income, qualifying vehicle title, and multiple photos of the vehicle.

For more information, residents can call 855-914-2945.

LoanMart is a distributor and service for ChoiceCash securities lending provided by Capital Community Bank, a Utah chartered bank located in Provo, UT, member of the FDIC. All loan applications are subject to Capital Community Bank ‘credit criteria, which includes the provision of acceptable real estate as collateral. Customers must demonstrate their ability to repay the loan. Not all applicants are approved. The application process may take five (5) minutes. Upon completion, conditional approval may be given pending review of documentation. Funding time is based on the time elapsed from final approval following receipt and review of all required documents and signing, by 5:00 p.m. PST on a business day.

Contact: Stephanie Segura 855-914-2945 Customersupport@800loanmart.com http://www.choicecash.com/  


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Pritzker signs law to cap high interest payday loans and securities lending | Chicago News https://momentodada.com/pritzker-signs-law-to-cap-high-interest-payday-loans-and-securities-lending-chicago-news/ https://momentodada.com/pritzker-signs-law-to-cap-high-interest-payday-loans-and-securities-lending-chicago-news/#respond Sat, 03 Apr 2021 07:00:00 +0000 https://momentodada.com/pritzker-signs-law-to-cap-high-interest-payday-loans-and-securities-lending-chicago-news/ Governor JB Pritzker signed the Illinois Predatory Lending Prevention Act late last month, which caps annual interest rates on short-term loans at 36%. The law, which took effect immediately, has an impact on payday loans – typically a two-week loan in which the money is taken from the borrower’s next paycheck. It also has an […]]]>

Governor JB Pritzker signed the Illinois Predatory Lending Prevention Act late last month, which caps annual interest rates on short-term loans at 36%.

The law, which took effect immediately, has an impact on payday loans – typically a two-week loan in which the money is taken from the borrower’s next paycheck. It also has an impact on auto title lending and other short-term loan products.

“Anything over 36% is predatory and wear and tear,” said State Senator Jacqueline Collins, who co-sponsored the measure. “So we know that high-cost payday loans and auto loans have robbed communities of billions and billions of dollars, primarily black and brown communities in the state of Illinois.”

Kesha Warren knows the high cost firsthand. When she needed a short-term cash injection of $ 1,250 to cover the wage costs of her small janitorial services business in 2019, she took out an auto title loan, a short-term loan that uses the borrower’s vehicle as collateral.

She says she has been left out of more traditional bank loans.

“No one wants to lend to someone who has $ 100,000 in student loans, so it was very difficult for me to get a traditional loan,” Warren said.

The loan carried an annual interest rate of 197%. This inflated her original loan by $ 1,250 into a total payment of $ 3,400 which she repaid earlier this year. If she hadn’t, it could have cost her an additional $ 2,000.

But Steve Brubaker, who is lobbying the state government on behalf of the Illinois Small Loans Association, says the statutory 36% rate cap will effectively put most payday and auto title stores out of business, while cutting a lifeline for borrowers with poor credit.

“We are closing these stores, we are laying people off, we are not giving customers any options and we are taking a billion dollars out of the market that was used to fix your car, buy a new refrigerator, spend on children’s clothes for. school, ”Brubaker said.

The average APR for an auto title loan in Illinois is 197%, according to statistics from the Illinois Department of Financial and Professional Regulation. The average rate for payday loans is 297%.

But Brubaker says the numbers are misleading. When you measure the typical two-week loan term, it comes down to about $ 15 per cent.

“When they see this giant figure, they misunderstand what the customer has to pay back,” Brubaker said. “The average payday loan amount in 2019 was $ 340. And the average fee amount was $ 52.

Brent Adams is Vice President of the Woodstock Institute, a non-profit organization that advocates on behalf of low-income communities and communities of color. He says the payday loan industry relies on inserting borrowers into a never-ending cycle of debt with hidden running costs.

“The business model is to keep the consumer on the loan, so when the bill comes due, the lender will offer an option to roll over the loan, refinance it, take out a different loan, a number of options,” Adams said. . .

“It’s seen as an opportunity to be able to meet needs, but in reality it’s (to enter) a cycle of debt,” said Lizette Carretero, head of financial well-being at the resurrection project. “We see it mostly in communities of color, we see it in households earning less than $ 25,000 a year.”

Even if Pritzker signed the legislation, the problem might not end there.

Opponents of the payday loan industry say they are concerned about a series of bills currently circulating in the General Assembly. They say these bills would take away some of the protections in the new law.

State Senator Sue Rezin is a sponsor of one of these bills in the Senate, SB2306, which she said would protect consumers while giving them access to lending options.

Senate Bill 2306 proposes a straightforward amendment to the Predatory Loan Prevention Act that would continue to allow traditional financial institutions to offer convenient and well-regulated auto loans to consumers in Illinois through Illinois auto dealers, ”Rezin said in an emailed statement to WTTW News. .

“Protecting Illinois consumers is essential, which is why my bill strikes a balance between protecting Illinois consumers and ensuring secure access to auto credit. Under this legislation, interest rate caps are still in place to protect consumers from predatory lenders. I look forward to working with all parties to address their specific concerns as we move forward with this bill. “

State Representative John Carroll, who sponsored a similar bill in the House of Representatives, declined to be interviewed.

Brubaker says he believes the 36% rate cap will unintentionally push borrowers into even more dangerous and unregulated online lending products.

But Collins says credit unions and community banks can pick up the slack, and ending predatory lending helps eliminate systemic racism.

“Unless we really face these policies and institutional barriers, we will always face policies that preserve inequalities,” Collins said.

The Resurrection Project Carretero agrees. “We understand that people (enter) these programs because of credit issues. We strive to work with credit unions, community banks, second chance products from real institutions that allow you to get back into the financial sector and seek opportunities to create a better financial journey, ”he said. she declared.



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How To Find The Best Securities Loans Online https://momentodada.com/how-to-find-the-best-securities-loans-online/ https://momentodada.com/how-to-find-the-best-securities-loans-online/#respond Tue, 16 Feb 2021 08:00:00 +0000 https://momentodada.com/how-to-find-the-best-securities-loans-online/ Sometimes life circumstances require you to assess your financial situation and you may decide to go for a title loan to cover an unforeseen expense. Although this type of loan comes with high interest rates and often requires you to comply in the short term, some people choose them because they do not take into […]]]>

Sometimes life circumstances require you to assess your financial situation and you may decide to go for a title loan to cover an unforeseen expense. Although this type of loan comes with high interest rates and often requires you to comply in the short term, some people choose them because they do not take into account the applicant’s credit rating and usually they can. be approved very quickly. Looking for the best online securities lending, target anti-scam or financial review sites to see if people have made complaints about their services. In these reviews, you will also get a better overview of the title lender’s application process. If you are considering a title loan to help pay for an unexpected expense, the collateral asset most often requested by lenders is a vehicle. If you are planning to go for a title loan in the near future, we are sharing some information on how to find the best title loans online.

Check licenses

One of the first steps you need to take once you have located a business that offers these types of services is to make sure that they are legally licensed to operate in your area. Usually, you can look at online directories dedicated to listing licensed securities lending companies, or the company’s website should display and use this information. If you go to their offices in person, they should display the business license in a public space.

You should do your research beforehand and ask for more options by consulting your friends and family or going online. Too many people fall into the trap of crooks who take advantage of their victim’s poor financial situation. Take every precaution to ensure that you have chosen a legitimate business and that they will keep your collateral assets safe. Look around their desks and assess how they maintain their workspace, how they treat other customers, and how they respond to your requests. Any title loan lender should be transparent in their operations and willing to dispel your doubts about how they will manage your assets while you agree to repay.

Search Reviews

Before deciding to go ahead with a contract, another good practice that you can follow is to do a quick online search for other clients’ reviews of the securities lending provider. As you read these reviews, take notes on their comments on customer service and contractual agreements. Some may require you to verify your identity via a phone call, while others may go through the entire application online. These customer reviews can also determine if the lender requires visual inspections of your car before releasing the agreed amount. All of these details are critical in determining whether you’ll be dealing with a respectable company or whether you should avoid a potential scam.

Understand the reimbursement conditions

Once you have several options at your fingertips, start comparing their fees, interest, and rent. Usually when you ask for more money, the overall cost will be higher as well. If you opt for a longer repayment term, keep in mind that this may impact the total amount you repay the company. A rule of thumb for title loans should be a 30-60 day repayment term, similar to payday loans, and make sure the interest rate never exceeds 30% of your principal.

Depending on the lender, the fine print can specify restrictions that can work against you significantly. For example, they can add penalties associated with prepayments or impose mileage restrictions on your vehicle as an excuse to reject it as a collateral asset. Check every detail of every form before filling in your information and remember that you have the right to look at other options and not to go ahead with a title loan if you don’t feel comfortable. with that.

The search for financial solutions can become a complex situation without clear direction. Some people go through a title loan and can find themselves in a worse situation if they do not meet repayment options. You need to understand the implications written into the contract and develop a savings plan yourself that will keep you afloat and keep your vehicle. And last but not least, even if it seems a bit obvious: try to choose a lender who will allow you to continue using your car for the duration of the contract. Not all businesses have the same policies regarding collateral assets, so stay tuned if you don’t want to waste your only mode of transportation for instant cash!


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The Advantages and Disadvantages of Securities Lending Versus Registration Lending https://momentodada.com/the-advantages-and-disadvantages-of-securities-lending-versus-registration-lending/ https://momentodada.com/the-advantages-and-disadvantages-of-securities-lending-versus-registration-lending/#respond Wed, 23 Dec 2020 08:00:00 +0000 https://momentodada.com/the-advantages-and-disadvantages-of-securities-lending-versus-registration-lending/ LOS ANGELES, December 23, 2020 / PRNewswire / – When an emergency arises and you need cash quickly, using a vehicle as collateral for a loan can be a good solution. But if you are considering a title loan or a registration loan, it is essential to understand what defines these very different types of […]]]>

LOS ANGELES, December 23, 2020 / PRNewswire / – When an emergency arises and you need cash quickly, using a vehicle as collateral for a loan can be a good solution.

But if you are considering a title loan or a registration loan, it is essential to understand what defines these very different types of loans. Although both are related to the use of a vehicle in exchange for funds, these two types of loans have their own advantages and disadvantages.

What is the difference between a title loan and a registration loan?

First, it is essential to distinguish between the title of a vehicle and its registration. The title is used to indicate the ownership of the car. When a vehicle is sold, title will transfer from the current owner (often a dealership, bank or private seller) to the buyer. On the other hand, a registration means that the vehicle can be driven legally.

With this in mind, the essential distinction between these two types of loans is that a title loan requires a blank title in the name of the loan recipient. A blank title means that there are no outstanding loans or unpaid tickets that would prevent the vehicle from being sold. In contrast, enrollment loans only require the registration to be in the name of the loan recipient, regardless of who the vehicle title may identify.

The benefits of a title loan

  • Loan amounts may be larger – With a title loan, the loan amount is based on the value of the vehicle. By securing the loan by offering the title as collateral, the lenders can give more money as they are more likely to be repaid.
  • Interest rates are lower – The interest rates on title loans are generally slightly lower than those on registration loans because of the collateral provided by the title of the vehicle.

The disadvantages of a title loan

  • The vehicle can be taken back – Since title is turned over to receive the loan, the loan company could attempt to repossess the car if it is not paid back on time.
  • The title must be clean – This means that there is no lien on the vehicle, whether it is an outstanding car loan or unpaid tickets.

The advantages of a registration loan

  • Vehicle can be financed – A borrower does not need to be the outright owner of the car to be eligible for a registration loan.
  • The car cannot be taken back – Since the title is the document that signifies ownership, a loan company cannot claim the vehicle on the sole basis of possession of the registration.

The disadvantages of a registration loan

  • Credit and income are factors – Since a registration loan is unsecured, lenders will use standard loan requirements such as employment and credit score to determine the loan amount. This means that registration loans may not be readily available to someone who is unemployed or who is working to get better credit.
  • Loan amounts may be less – Registration loans are often for lower amounts than securities loans and usually have higher interest rates.

What is the best option?

The choice between a title loan and an enrollment loan depends entirely on the borrower’s circumstances. Vehicle registration loans tend to be beneficial for borrowers who need less money and still pay off their vehicle. Title loans work best for owners of cars with proper title who are looking for access to more funds.

Either way, it’s important to understand the loan requirements and repayment expectations before signing the title or vehicle registration.

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

SOURCE Advancing America


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Research data suggests Canadians are turning to expensive car title loans during recession – National https://momentodada.com/research-data-suggests-canadians-are-turning-to-expensive-car-title-loans-during-recession-national/ https://momentodada.com/research-data-suggests-canadians-are-turning-to-expensive-car-title-loans-during-recession-national/#respond Fri, 11 Dec 2020 08:00:00 +0000 https://momentodada.com/research-data-suggests-canadians-are-turning-to-expensive-car-title-loans-during-recession-national/ If internet search trends are a window into the minds of consumers, a recent report suggests that a growing number of Canadians are considering unwise financial options, observers say. Amid a resurgence of pandemic-related interest in personal finance information, the number of searches involving auto title lending nearly tripled in Canada from March through September […]]]>

If internet search trends are a window into the minds of consumers, a recent report suggests that a growing number of Canadians are considering unwise financial options, observers say.

Amid a resurgence of pandemic-related interest in personal finance information, the number of searches involving auto title lending nearly tripled in Canada from March through September this year to 16,900 per month, from about 5,900 searches per month at the same time. times a year earlier, according to SEMrush.

READ MORE: COVID-19 brings home testing to online car buyers

The Boston-based marketing firm that studies internet search trends said Canadian searches for payday loans, meanwhile, fell 43 percent to 22,900 from 39,700 in the same period. , which has been marked by millions of people who have lost their jobs as non-essential stores and industries have been forced to close in order to contain the spread of the COVID-19 virus.

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Payday loan warning


Payday Loan Warning – June 22, 2019

“The most surprising thing we noticed has been an increase in demand for auto title loan research, which is, I think, quite unique for Canada compared to the United States, where we don’t have saw that type of increase, ”said Eugene Levin, chief strategy officer for SEMrush, in an interview.

He said he was unsure why searches in the United States had not also increased, but suggested that a possible explanation for the increase in searches for auto title loans and the corresponding decline in loans on auto securities. salary in Canada could be that potential applicants have a car but no job.

READ MORE: When he lost his income amid COVID-19, Spring Financial gave him a loan but no money up front

“A lot of people have cars,” Levin said. “The terms of these loans are better than payday loans, the interest rates are lower, so they are more attractive. At the same time, you don’t need a job to get an auto title loan like some payday loans do.

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An auto title loan works on the same basis as a home equity loan. They are billed as short-term business, secured by a lien on the vehicle. In the event of non-payment or default by the borrower, the lender can repossess the vehicle in order to recover his money.


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Young workers face financial uncertainty as pandemic benefits end


Young workers face financial uncertainty as pandemic benefits end – October 1, 2020

Levin said statistics from SEMrush do not indicate how many researchers have actually signed up for a car title loan.

An online search for “car title loan” produces dozens of results.

Most providers offer a wide range of loan levels – one promises $ 1,000 to $ 50,000 – and many say their interest rates are “the lowest in the industry,” from “10 to 49 for. hundred “.

The Canadian Press contacted several auto securities lending companies for the story, but no representative was available.

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People who are desperate for money will always find someone who is trying to take advantage of their situation, said Brian Betz, advisor for Money Mentors in Calgary, adding that car title loans are just one of many. fast money online programs that they could choose from.

READ MORE: Pay $ 4,300, Get $ 1,750 Back After 3 Years. A man’s warning about “savings loans”

“The increase in securities lending is probably more on those who have no assets. Their car is for all intents and purposes all they have, ”he said.

“Typically, when you get a title loan, it’s not for $ 300 to $ 500. You get a few thousand dollars on this vehicle and at their interest rates it can be very difficult to pay off.

He said that usually about half of the working Canadian workforce is at an insolvency wage, so an event like the pandemic can create thousands of dire straits.

There are better options when bills can’t be honored, Betz said, and they should start by seeking help from an organization like hers that offers free credit counseling.

If you can’t afford to make payments on an existing personal loan or mortgage, you should talk to the lender to see if the payments can be deferred or reduced over a longer repayment period, he said. .

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READ MORE: Man with autism told to pay $ 4,442 to get $ 1,750 after 3 years with Spring Financial loan

A consolidation loan can allow the lender to simplify and combine multiple loan payments at a much lower interest rate than a title loan, he added.

Betz warned those looking for solutions to a short-term cash crunch to consider loan fees as well as interest rates, using a Calgary client who was desperate after seeing his hours off as an example. reduced work due to COVID-19.

“He had two loans, not title loans but not payday loans either, and while the interest rate was capped at a certain level, I think it was 32%, in exchange for a borrowing $ 14,000 through these two loans, there was $ 10,000 in fees added to that, ”he said.

“There were cancellation fees, insurance fees, these fees and charges. These are the types of loopholes that these people exploit.

© 2020 The Canadian Press


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