Gatong Cheng Hui Sat, 22 Jan 2022 09:43:06 +0000 en-US hourly 1 Gatong Cheng Hui 32 32 New Indigenous Writers Add More Representation to Children’s Literature Sat, 22 Jan 2022 09:00:00 +0000

Two new authors are part of a new generation of writers bringing greater Indigenous representation to children’s literature in Canada.

Shayla Raine of Maskwacis, Alberta has just independently published her first book titled The way the creator sees you with the goal of empowering Indigenous children to have confidence in who they are and where they come from.

“Whatever role you play when you read a book like The way the creator sees you and you sit with a kid who says those empowering words to him, not only are you spending quality time with him, but you’re also planting a seed in him to be proud of who he is,” she said.

His book is a long, free-verse poem about a Plains Cree boy who finds himself struggling with things like having long hair and his name. Her grandmother explains the values ​​behind her hair and her name.

Raine said she felt both overwhelmed and happy about the publication of the book and the support she received from the Indigenous community.

“Knowing that my intention behind the book has been realized is amazing,” she said.

Michael Redhead Champagne is another newbie author whose book, We need everyone is expected to be published in September by Highwater Press.

Champagne has said since he was little that he wanted to publish a book and was thrilled that it was finally happening.

The book is about recognizing that everyone has unique gifts that must be shared to create a strong and safe community.

Michael Redhead Champagne is a child protection advocate and community planner in Winnipeg whose first book will be published in September. (Submitted by Michael Redhead Champagne)

Champagne serves as the narrator in the book telling children three ways to discover what their gifts are. His cat Sushi also makes an appearance.

“The need to have kid-specific content that represents and reflects how these kids think, look and feel about the world will help us deal with challenges like family separation, like suicide,” Champagne said.

“Hopefully this book gives kids a foundation to help themselves and their friends manage their mental health.”

Champagne is a child protection advocate and community organizer with family roots in Manitoba’s Shamattawa First Nation, who grew up north of Winnipeg.

Still work to do

David A. Robertson, an award-winning Swampy Cree author of books for children and young adults based in Winnipeg, said that while this is an exciting time for Indigenous creators in all mediums, the representation of Indigenous writers in the Canadian literary landscape wider is still relatively moo.

“I think children’s books, picture books are an area where you’ve seen a lot of growth,” Robertson said.

He said that as an established author, it’s important to him to make sure he opens doors for new and emerging writers.

The Great Bear is an intermediate level book by David A. Robertson. (Puffin Canada, Green Amber)

Looking at the volume of published works across all genres, Robertson said Indigenous writers feel more empowered to share their stories.

“I think we feel the gravity, the importance of sharing our truth because we haven’t had that platform,” he said.

]]> REAL ESTATE MARKET WATCH – Updated 2021 Year-End Report Fri, 21 Jan 2022 07:14:11 +0000

Editor’s note: This is an updated and expanded version of the report published last week

Comparison of sales from January to December

As we reflect on 2021 real estate sales data, reports show a steady pace of selling through 2021, even since the peak of pandemic buying. While the home-buying fever may have slowed in 2021, buyer demand still far exceeds residential inventory. The lack of homes for sale has added pressure to the market, and this pressure is not expected to let up in 2022. The total number of all real estate transactions exceeded 2,375 in 2021, compared to 2,337 in 2020. While the residential sales fell 10%, all other property types posted double-digit gains. With total market volume now exceeding $883 million traded in 2021, real estate remains a vital part of Berkshire’s economy. Read the full Market Watch PDF report with market commentary, city data and regional reports. Below is a summary:

Sales have been strong in all parts of the Berkshires in 2021, but a lack of inventory has stalled sales momentum in the residential market. Despite a decrease in the number of single-family homes sold in 2021, dollar volume continued its upward trajectory with the biggest jump in the Central region, particularly Pittsfield’s $16 million increase over last year. .

2020 2021
All sales # Sold $ sold #Sold $ sold
North 423 $97,522,795 459 $114,696,247
Central 944 $227,886,028 995 $264,560,305
South 970 $468,944,213 921 $504,176,225
Total 2337 $794,353,035 2375 $883,432,778

Residential report

The number of single-family residential homes sold in 2021 fell 10% in Berkshire County. Dollar volume rose 4%, with $683 million from sales of 1,570 homes in Berkshire County. As sales slowed across all regions of the Berkshires, a lack of inventory in popular price ranges was the main culprit. Buyer demand remains high and well-priced homes are selling quickly. Average selling prices continue to climb, reflecting this market dynamic.

Co-ownership report

Condominium sales continue their upward trend and sales continue to grow in this sector depending on the availability of condominium units. The average condo sale price is now over $369,935 countywide, a slight pullback from last year. Condo prices are significantly higher in South Berkshire, with recent condo conversions leading the way. It is an affordable market alternative for price ranges that lack available inventory.

Multi-family report

Overall, multifamily sales have skyrocketed this year and reflect the highest sales rates in our history. Every region saw strong multifamily sales, with inventory and availability boosting the market. As the market expands, this helps fill a void left by a lack of inventory in the single-family residential market. Looking specifically at North and Central Berkshire, multi-family units are affordable and an accessible option for many.

Land report

Hold on to your hats, in North Berkshire land sales jumped 244% in 2021 compared to 2020. With only 5 land traded in 2009 in North County, the jump to 55 traded in 2021 is a huge change. With construction costs unknown going forward, it will be important to keep a close eye on building permits and opportunities to help alleviate pent-up buyer demand due to the lack of existing home inventory. At the time of this report, we had 300 parcels for sale compared to 348 housing listings (residential, condo, multi) combined.

Business report

Despite a commercial market heavily impacted by home working and business closures, commercial sales increased in all parts of the region except central Berkshire County. South County trade sales have been particularly strong over the past two years and North Berkshire dollar volume is soaring.

Market Forecast 2022

According to Danielle Hale, Chief Economist of and in line with most local forecasts, nationwide listing prices, rents, and mortgage rates are all expected to rise as incomes rise, so 2022 will present both challenges and opportunities. housing affordability.

“With more sellers expected to enter the market as competition among buyers remains fierce, we expect strong growth in home sales. Affordability will increasingly be a challenge as interest rates and prices are rising, but working remotely can broaden search areas and allow young buyers to find their first home sooner than they otherwise would have.Below is our housing market outlook and forecast on the key trends that will shape the year ahead.® 2022 Forecast for Key Housing Indicators

Housing indicator® Forecast 2022® 2021 Data
Appreciation of the median sale price of the existing house Up 2.9% Up 12%
Sales of existing houses Up 6.6% $6 million
Existing inventory Up 0.3% Down 18%
Single-family housing starts Up to 5% Up to 15%
Home ownership rate 65.8% 65.5%

Double perfection for Midland bowler Fri, 21 Jan 2022 01:10:43 +0000 Matt Bradley, a 46-year-old Midland native, played not just one but two perfect 300 games on Thursday January 6 at Northern Lanes in Sanford.

That night also marked his all-time best three-game streak, 859 pins, which was 190 pins above his average of 669.

Bradley, who has been bowling since the age of 10, has been in the Northern Trails League for 10 years with his father, Tom Bradley.

Matt Bradley had hit a 300 before, but two in one night was a first for him.

“The last picture, I was pretty nervous because everyone was watching, and it fell on me,” Bradley said.

“You need a bit of luck and the pins have to fall. You almost don’t believe it,” he added.

When someone rolls a 300 at Northern Lanes, Bradley’s regular bowling venue, they get a high-five and are congratulated.

But the vibe of a second 300 match on the same night from the same person is a bit more special.

UC Santa Cruz Receives National Endowment for the Humanities Grant to Link Humanities and Engineering Studies Thu, 20 Jan 2022 17:10:07 +0000

The certificate program will include new courses to broaden the perspectives of engineering students at Baskin regarding the effects and potential for positive impact of technology on the planet and its people. Victoria Ly, left, and Erik Jung with a picroscope, an incubator cell culture imaging device in Associate Professor Mircea Teodorescu’s lab. (Photo by Carolyn Lagattuta)

With a generous grant from the National Endowment for the Humanities (NEH), UC Santa Cruz will create a new Humanities Certificate introducing students enrolled at the Baskin School of Engineering to humanities disciplines aimed at helping them better understand the social and cultural impacts of technological change.

The $149,500 grant will be funded through NEH Humanities Initiatives at Hispanic-Serving Institutions, which seek to develop new humanities programs or strengthen existing courses. Twenty-one percent of incoming freshmen who intend to declare an engineering major identify as Hispanic/Latino, according to the Office of Institutional Research, Evaluation and Policy Studies.

Jasmine Alinder, Dean of Humanities, is the project’s principal investigator with linguistics professor Pranav Anand and literature professor Sean Keilen as co-principal investigators.

“We have three goals for the new certificate,” Alinder said. “Ensure that our many engineering students use humanistic methods to explore and understand the social, cultural and historical ramifications of new technologies; establishing deliberate general education requirements that students now complete at random; and, by introducing engineering students earlier to humanities disciplines, giving them options if they change majors, without extending their study time.

The core of this new certificate program will be new courses that will seek to broaden the perspectives of engineering students at Baskin regarding the effects and potential for positive impact of technology on the planet and its people. Some classes under study for this program include an exploration of the development of communication technologies throughout human history, a look at how new technologies and scientific innovations can both strengthen the voices of the BIPOC community while by reinforcing racial and patriarchal hierarchies, and a course that unpacks the ethical and sociopolitical issues surrounding technology. Although intended for engineering students, the courses will be open to all UCSC students.

These courses will also be deliberately designed to incorporate state-of-the-art, learner-centered teaching practices through collaboration between participating instructors and the Center for Teaching and Learning Innovations.

Jody Greene, Professor of Literature and Director of CITL, who originally proposed the development of a Humanities Certificate for Engineers in 2019, celebrated “the opportunity to design a comprehensive program from scratch, using what we, as a campus, have learned about active and engaged pedagogies over the past few years.”

Greene added that this certificate could be a model of new and creative educational opportunities for students who “build on UC Santa Cruz’s longstanding interdisciplinary excellence while honoring its history of educational experimentation and innovation.” ‘curriculum innovation’.

The ultimate goal is to ensure that Baskin Engineering students can, in their first two years, fulfill their general education requirements with a cohesive sequence of courses directly relevant to their majors in Applied Mathematics, Electrical Engineering, and Robotics. , computer science and biotechnology. By linking engineering education to subjects that resonate with students’ personal and community values, the Humanities Certificate has the potential to encourage students from diverse backgrounds to persevere in the engineering fields of their choice – areas in which they have always been excluded.

“Baskin’s engineering programs aim to develop the critical and humanistic thinking skills of our students. This certificate will deepen their understanding of the social and cultural aspects of new technologies,” said Alexander Wolf, Dean of the Baskin School of Engineering at UC Santa Cruz.

Development of this new humanities certificate will begin in earnest this spring, with a launch event scheduled for the start of the fall 2022 academic year. In winter 2024, the faculty plans to introduce a cornerstone involving projects as a team that will encourage a cohort of students to join the certificate program together and complete the capstone as a group, building needed skills in STEM fields.

“This is a fantastic achievement and very promising for our future of producing humanized technologists (and tech-infused humanists),” said campus provost and executive vice chancellor Lori Kletzer.

How to get a business loan in 2022? Thu, 20 Jan 2022 15:41:07 +0000

A business owner looking for additional funding to start or expand your business? Find out which 2022 business loans are the best options for you today!

In this review, Nick Wilson, Founder and CEO of AdvanceSOS shares his expertise on how to get top tier business loans in 2022. Additionally, he shares the tips for approaching lenders and showcasing your creditworthiness as a business owner. As an experienced loan officer, Nick also explains how you can be successful with your application from a lender’s perspective. By having a large database of legit direct lenders in California, Ohio, Florida, Advance SOS can quickly help you get payday loansinstallment loans.

What is a business loan and how does it work?

Business loans are loans that you can borrow for a specific purpose only: to fund your business. Business loans vary in the area of ​​your business you use them for. There are loans for startups, financing essential equipment and expansion (franchise loans). Whatever it is, the lenders restrict the use of the loan to businesses only.

How much financing can you get with business loans?

As the purposes of business loans vary, their amounts also differ. For microloans, you can borrow between $5,000 and $50,000. But for larger installment loans, you can get up to five million dollars.

The amount you can get from the loan will depend on what you need it for. If you only need a loan to cover the small payroll costs of your employees, you may not get much. But if you plan to franchise your business, you may be able to borrow more from a lender.

What are typical business loan interest rates?

Typical business loan interest rates range from 4.99% to 99.00%, depending on the specific type and lender. Loans without collateral, co-signers or credit checks have higher interest rates. Having a strong credit history and credit rating can help you get lower interest rates. But there are still loans you can get with bad credit.

Interest rates also depend on how quickly you can get a business loan or payday loan, or other types of loans. Interest rates can skyrocket, allowing you to withdraw your loan funds more quickly. The higher rate pays for how easily you get the money you need.

How to apply for a business loan?

#1 Know the type of loan you need

Ask yourself, “Why do I need this loan? » Target the area of ​​your business that you need cash for and find the type of loan that fits your needs. Here are some types of business loans,

  1. term loan – a flexible small business loan perfect for financing day-to-day expenses.
  2. Loan from the Small Business Administration (SBA) – in the form of a low-cost loan guaranteed by the government.
  3. Business line of credit – a small flexible unsecured loan with a maximum credit limit.
  4. Equipment loan – a guaranteed loan of a large amount for the purchase of vehicles, machinery and essential tools.
  5. Invoice factoring and financing loan – a loan for one-time initial payments to suppliers and others.
  6. franchise loan – a loan for start-ups planning to open a franchise branch.

#2 Find the best lender to approach

Not all lenders offer the best financial products for every category. Your task now is to find the best loan provider of what you are looking for based on your needs. Rank the following criteria before looking for a lender, so you know what to put first. Can your lender

  • Loan the entire amount of the loan
  • Give the lowest interest rate
  • Be flexible with due date and late fees
  • Approve and release money fast
  • Lend with few requirements
  • Loan anytime, any day

#3 Prepare the requirements to submit

Prepare the following requirements to increase your chances of getting loan approval,

  • Basic personal information (name, address, email and contact number)
  • Tax Identification Number (as employer (EIN) and social security number (SSN))
  • Basic business information (name, address, email, contact number, industry category, company structure, years in business, number of employees, annual revenue, estimated monthly expenses)
  • Recent business plans, bank statements, financial statements, and tax returns

Can I use a business loan for personal purposes?

No, you cannot use a business loan for your personal use and that of someone else. You can’t even redirect a specific loan to other expenses within your business. An equipment loan consists only, for example, of buying or renting a vehicle, machine or tool. You cannot use it to pay your employees or fund a franchise.

If your lender discovers that you have used your loan elsewhere, they can seize your assets or impose a penalty.

Salisbury Bancorp – Consensus indicates 6.5% upside potential Wed, 19 Jan 2022 13:08:33 +0000

Salisbury Bancorp with ticker code (SAL) now have 2 analysts covering the stock. Analyst consensus points to a buy rating. The target price ranges between 41.5 and 40 by calculating the average target price we see 40.75. Now, with the previous closing price of 38.25, that would imply an upside potential of 6.5%. The 50-day moving average now stands at 38.79 and the 200-day moving average is at 37.25. The company has a market capitalization of $109 million. Visit the company’s website at:

The potential market capitalization would be $116 million based on market consensus.

You can now share it on Stocktwits, just click on the logo below and add the ticker in the text to be seen.

Salisbury Bancorp operates as a bank holding company for Salisbury Bank and Trust Company which provides commercial banking, consumer finance, retail banking, and trust and wealth advisory services. It offers various deposit products to individuals and businesses. The company also provides loans, such as residential and commercial real estate loans; building loans; business loans; and consumer loans, including home equity loans and lines of credit, as well as auto and personal installment loans. In addition, it offers a range of fiduciary services, including trust and estate administration, wealth advice and investment management services to individuals, families, businesses and institutions. In addition, the Company provides additional depositor-related services, including landlord/tenant accounts and lease guarantee services, merchant services, payroll services, ATM services, telephone banking, Internet banking, Internet bill payment services, person-to-person payments, bank-to-bank wire transfers, mobile banking with remote deposit and online financial management with account aggregation services, as well as cash management services, including remote deposit capture, ACH issuance, wire transfers and positive pay services. It operates through a network of fourteen banking offices and ten ATMs located in Litchfield County, Connecticut; Dutchess, Orange, and Ulster Counties, New York; and Berkshire County, Massachusetts. Salisbury Bancorp was founded in 1998 and is based in Lakeville, Connecticut.

How Great Barrington Property Tax Bills Are Determined Wed, 19 Jan 2022 06:57:21 +0000

For the editor:

Many people worry about their property tax bills. Taxpayers need to understand how budgets and the impact of rising house prices on our tax bills.

Some of the questions I heard were about how the increased dues are determined. Why did some people experience huge increases in their assessed value and others lower or closer to last year’s assessed values? Was the assessed value determined by outside visits “at the wheel”? Has it been affected by any home improvements that have been filed? Or did a neighboring house selling for much more affect the neighborhood by applying a similar increase to all neighbors?

In Great Barrington, some answers are simple and some are not:

Taxes and tax rates

  • The tax rate is primarily determined by the city budget and the Berkshire Hills Regional School District assessment (which the city does not control). There are also partial budget additions and offsets from the state, grants, local revenues, and “free cash,” which can be considered an “unrestricted reserve” or cushion.
  • Local revenues (such as accommodation and meal taxes, license fees, and cannabis revenue) are usually under-budgeted, so they add to the “cushion”, which has always been important . More recently, with cannabis revenues, this reserve has swelled and is part of the municipal budget on which we are taxed.
  • In my opinion, the size of this cushion should be debated during the budget cycle this February and lowered to lower the tax rate. This is in addition to the discussion of budget items that lead to long-term increases.

The tax rate

  • Although the city’s assessed values ​​have increased in total, this does not increase the tax rate. The increased total taxable value actually REDUCES it. All other things being equal, the tax rate would decrease proportionally. For example, if the city’s total taxable value increases by 10%, the tax rate will decrease by 10%. (From an economic development perspective, growth in the number of taxpayers implicitly lowers the tax rate if taxable values ​​also increase.)


  • While the size of the pie (total budget) remains the same as voted, how the ‘pie’ is divided is determined by individual evaluation processes.
    • Sales of new homes are generally valued at the price paid.
    • This sometimes increases other properties in the same area.
    • If some are increased, reductions will occur in other properties to collect the same amount in total.
    • There is a discount process for challenging how assessments are applied to individual properties, but the discount application deadline is coming soon.
  • Our General Manager or Assessor should explain the current process for how individual properties are assessed.

Senior Evaluator

  • The City has had three different lead assessors over the past three years. The City must therefore ensure that the evaluation process is coherent and well understood.
  • Concerns include: What specific methods are used to determine the increase in assessed value? How often is it changed? What type of inspections are done and how do home improvements or the sale prices of neighboring homes impact other appraised values?

Taxpayers who are worried about their dues and their tax bills should apply for an abatement before February 1st, 2022, the Massachusetts deadline.

To note: This information was researched and discussed with several municipal officials.

Sharon Gregoire

Great Barrington

The author is the former chairman of Great Barrington’s finance committee.

]]> Deep East Islip boys take victory over West Islip Wed, 19 Jan 2022 00:06:48 +0000

The thrill of victory is a tradition within the East Islip boys’ bowling program – and it’s a tradition no team wants to break.

East Islip have won the last five Suffolk Boys Bowling Team Championships and are off to another strong start this season. East Islip beat West Islip, 26.5-6.5, in Suffolk League I to improve to 10-1 at AMF Babylon Lanes on Tuesday. West Islip drops to 3-7-1.

“It’s just discipline,” said Sebastian Gebhard. “We work hard and we’re bowling when no other team is there. We’re shooting games constantly and it’s just hard work to get us to this point.”

East Islip prides itself on its depth, which shone on Tuesday. Gebhard had a 224 in the first game of a 647 series for East Islip as all four bowlers who bowled in all three games totaled at least 600 pins.

“If someone is having a bad day, having someone else step in is amazing,” junior Jack Baranek said. “Few other teams have that at the moment – a reliable player to rely on – and that’s what makes East Islip great and such a great team.”

Baranek had a 244 in Game 1 of a 641 series, Brenden Muller had a 226 in Game 2 of a 640 series, Shawn Watts had a 225 in Game 1 of a two-game 392 series and Eighth-grader Matt Sundberg rolled a 268 in Game 3 of a 735 series for East Islip.

Sundberg quickly turned the heads of his older teammates.

“It’s like looking into the future,” Gebhard said. “He’ll be here for another four years and we’ve been on this team for a long time and have seen the talent come and go. When we joined the team, we looked up to the older bowlers and said, ‘This is where we want to be,” but Matt is already here, so it’s great to see the future is so strong.”

East Islip was also motivated by West Islip’s Tim Smith. The Suffolk leader with an average of 253.3 in 33 games, Smith had a 278 in the third game of a 772 series on Tuesday.

“You really just have to do your best against him,” Gebhard said. “I set myself a goal today and said, ‘I just want to beat him one game. I didn’t get it, but he’s a great bowler and he makes you want to work even harder.”

But East Islip’s main goals still have to do with the end of the season. After not having state championships the past two seasons, Gebhard and the rest of his teammates are hoping to make the trip to Syracuse in March.

“I want to go with this team,” said Gebhard, a five-year-old college bowler. “That would be great.”

Research Solutions Launches Automated Scholarly Literature Access Platform for Educational Institutions | Tue, 18 Jan 2022 17:00:00 +0000

HENDERSON, Nev., January 18, 2022 /PRNewswire/ — Office of Research/Reprint Solutions (NASDAQ: RSSS), a pioneer in providing cloud-based workflow solutions for R&D-focused organizations, today announced the global launch of Article Galaxy Scholar (AGS). A first-of-its-kind platform, AGS offers a one-stop solution to connect end users to open access articles, purchase options, or interlibrary loan to meet their full-text needs. Working in concert with the library’s link resolver and discovery service, the platform can scale holdings at the item level without duplicating expenses or increasing demand for interlibrary loan resources.

Research Solutions Launches Automated Scholarly Literature Access Platform for Educational Institutions

Article Galaxy Scholar leverages hundreds of publisher relationships to deliver articles from thousands of top-notch journals to library patrons in minutes. Custom configurations give libraries control over cost management by restricting purchases to certain publishers, journals, or privileged users. By targeting the delivery of items only to users who need them, the AGS service enables libraries to strategically stay on budget and control expenses, while improving user access and experience.

Highlights of the solution:

  • Easy to configure and integrate with your existing library systems and workflows
  • Delivers full-text PDFs straight to the reader’s inbox in minutes, 24 hours a day, seven days a week
  • Provides data-driven usage insights to monitor budget usage, inform planning for acquisitions and collections development, and validate spending
  • Flexible and configurable administrative controls can be customized to match library policies, processes and budget

For more information on the Galaxy Scholar article, please contact

About Research Solutions/Reprints Desk

Research Solutions, Inc. (NASDAQ: RSSS) provides solutions that simplify and streamline the process research-driven organizations need to obtain, manage and create intellectual property. In short, we are accelerating research.MT. We are a pioneer in removing the complexity of how organizations and individual researchers discover, acquire and manage scientific content – ​​journal articles, book chapters and other scientific, technical and medical (STM) research content. More than 70% of top pharmaceutical companies, prestigious universities and emerging companies rely on Article Galaxy, a cloud-based SaaS research platform, to streamline access to the latest research and scientific data, with customer support unmatched 24/7. For more information and details, please visit

Forward-looking statements

Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical fact are statements that could be considered forward-looking statements. These statements are based on current expectations, estimates, forecasts and projections about the markets in which we operate and the beliefs and assumptions of our management. Words such as “expects”, “anticipates”, “targets”, “goals”, “projects”, “intends”, “plans”, “believes”, “seeks”, “estimates” , “endeavours”, “endeavours”, “”may”, or variations of these words, and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that such forward-looking statements are subject to certain number of risks, uncertainties and assumptions that are difficult to predict, estimate or verify. As a result, actual results may differ materially and adversely from those expressed in the forward-looking statements. These risks and uncertainties include the factors described in the annual report most recent report of the Company on Form 10-K, as may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other reports filed with the Securities and Exchange Commission. prospective in c The release includes statements regarding the company’s next operational phase, new avenues for growth and potential mergers and acquisitions activity. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to release the outcome of any revisions to such forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission.

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Best Credit Cards for Bad Credit: Rebuilding Credit Mon, 17 Jan 2022 19:00:00 +0000

CNN Underscored reviews financial products such as credit cards and bank accounts based on their overall value. We may receive a commission through the LendingTree Affiliate Network if you apply and are approved for a card, but our reporting is always independent and objective.

If you have a low credit score, you might be surprised to learn that getting a new credit card could actually help. If you manage to get a new card approved despite having bad credit, you will have the opportunity to develop better credit habits and better creditworthiness through responsible use. Plus, adding a new card can improve your credit utilization rate and your credit score if you’re already in debt.

Unfortunately, credit card options for people with bad credit tend to have few benefits. For example, you usually won’t get a welcome bonus with these types of cards, and they usually charge fees, such as annual fees and foreign transaction fees. Credit cards for bad credit can also come with high interest rates, which can make maintaining a balance expensive.

But with all that said, it’s important to understand that some credit cards for bad credit are considerably better than others. So let’s take a look at the types of credit cards you might qualify for with poor credit, and how you can use them to your advantage.

Click here to see the latest list of the best credit cards for people with bad credit.

If you have bad credit, you are probably already aware of it. After all, a bad credit score usually means that you’ve been denied a credit card or other loan in the past because a lender felt you posed too much of a financial risk. You probably also know the reason why you have bad credit to begin with, whether it’s because you let a loan or credit card go into default, you have an account in collection, or you have bankruptcy on your behalf. case.

But even if that’s the case, it never hurts to check your credit score so you know exactly where you stand. Fortunately, there are several ways to check your credit score for free.

You can start by signing up for a credit monitoring service that provides a free credit score or a program that offers free credit monitoring tools. For example, Experian Boost gives consumers a free snapshot of their FICO credit score, and it can even help you improve your score quickly.

When working on your credit score, you’ll probably want to pay the most attention to your FICO credit score because it’s the most commonly used scoring model. FICO credit scores range from 300 to 850 and are broken down into the following levels:

  • Excellent: 800 and above
  • Very good: 740 to 799
  • Good: 670 to 739
  • Fair: 580 to 669
  • Poor: 579 and below

While truly “bad” credit is a FICO score of 580 or lower, “fair” credit between 580 and 669 is still below average compared to other US consumers. If your credit score falls into one of these categories, you need to take steps to improve it as soon as possible.

See if you qualify for one of these credit cards for people with fair credit.

If you have poor credit, you can qualify for two types of credit cards: secured credit cards and unsecured credit cards.

Secured credit cards are usually the easiest to get if you have bad credit. However, secured credit cards require a cash deposit to get started. This means that you may need to deposit $200, $500 or more as collateral, and you will usually get a low credit limit at or near your deposit.

The biggest advantage of secured credit cards is that they are usually reported to major credit bureaus. This means that all of your one-time payments are added to your credit report, which can help you increase your credit over time. And even if you need to put down a cash deposit to open a secured card, if you later close the account or upgrade in good standing and with a $0 balance, your deposit will be refunded.

Save money with these best credit card offers for people with bad credit.

In addition to secured credit cards, you may also qualify for an unsecured credit card with bad credit. These cards tend to come with fees, low credit limits, and few benefits, but they can still help you build credit.

Store credit cards are also a type of unsecured credit card that may be easier for people with bad credit to approve because they can usually only be used at the store or chain that issues the card.

Besides being easier to get, the biggest advantage of store credit cards is that if you find yourself shopping at a particular retailer often, you may be able to save money, whether on your initial purchase or later on a future shopping spree. Typically, using a store credit card saves you 5% on your purchase, and store credit cards can also have other benefits that you might not have thought of. .

Before you get a new credit card, you need to make sure you have a clear understanding of what you hope to accomplish. Although obtaining a credit card gives you the opportunity to improve your credit, you could worsen your credit if you are not prepared to take on this responsibility. So before you apply, ask yourself these questions:

  • Do I plan to carry over a balance? If you want a credit card so you can carry over a balance, be aware that credit cards for bad credit come with high interest rates. Not only that, but secured credit cards require you to deposit money as collateral, so they’re not a good option if you need a loan.
  • Am I interested in the rewards? Some credit cards for people with bad credit offer the opportunity to earn rewards on your spending. Although rewards can be lucrative, keep in mind that they often entice people to spend more than they intended.
  • Do I want to pay an annual fee? Not all credit cards for people with bad credit charge an annual fee, but some do. If you decide to pay an annual fee, you need to make sure that any benefits you get in exchange are worth it.
  • Am I ready to take my credit seriously? A new credit card gives you the opportunity to improve your credit, but it won’t happen automatically. In most cases, getting a new credit card will only help your situation if you keep your balance low and always pay your bill on time.

The best credit cards for bad credit may not sound very appealing, but the point is to use them to boost your credit score so you can qualify for better deals later. But there are a few “gotchas” to be aware of and watch out for, including:

  • Costs: While you should try to avoid annual fees if you can, you should also be aware that some credit cards, especially those for people with bad credit, try to charge an account set-up fee or program fees. Avoid these offers as much as possible.
  • High APRs: Beware of high interest rates which can make debt incredibly expensive. In fact, if you’re considering using a credit card to improve your credit, you should try to avoid carrying a balance on the new card entirely.
  • Credit errors: Finally, watch out for mistakes that hurt your credit in the first place. The worst thing you can do is pay your credit card bill late, as this will have a major negative effect on your credit score, so avoid it at all costs.

Compare credit card offers available to people with fair credit.

If your goal is to get a new credit card to help rebuild your credit, you need to know and understand how your credit score is determined in the first place. Let’s take a closer look at the five factors that make up your FICO credit score:

  • Payment history: 35%
  • Amounts due: 30%
  • Length of credit history: 15%
  • New credit: 10%
  • Credit mix: 10%

By looking at these factors, it’s easy to see what your next steps should be. More importantly, you should strive to pay your credit card bill — and all your other bills — on time each month. Also, you need to keep your debt to a minimum, because the amount you owe against your credit limits is 30% of your FICO score, also known as your “credit utilization rate.”

Since any credit card you get with bad credit will likely have a low credit limit to start with, you’ll need to be extra careful not to go over your credit limit and pay off your balance as much as possible each month to keep your credit utilization rate is low.

The length of your credit history can also be increased if you keep old credit accounts open and in good standing, and you can keep your score high in the “new credit” category by refraining from opening too many new accounts.

Your credit mix is ​​a final category to keep in mind, but you may not have too many different types of credit – such as installment loans like a mortgage or car loan – when your credit score credit is fair or bad. Once you’ve improved your credit score, you can worry more about diversifying your credit with installment loans, revolving accounts, and other types of credit.

Ultimately, if you’re going to get a new credit card in an effort to improve your bad credit, you need to make sure that you don’t make the same mistakes that got you into trouble in the first place. So if you decide to apply for a new credit card, be smart about how you use it. Don’t overspend, don’t pay bills late, and avoid cards that charge high fees so you can get back on the path to good credit.

Learn more about the best credit cards you can get with bad credit.

Is your credit rating good or excellent? Or maybe you have no credit? CNN underlined has you covered with our other stories in this series:

Check out CNN Underscored’s list of best credit cards of 2022.

Get all the latest personal finance deals, news and advice from CNN Underscored Money.