Despite increasing interest rates and credit balances, banks are facing a more challenging business environment today. That’s because late payments and defaults are also increasing, and unfortunately, that’s happening at an even faster pace compared to previous years. Our weak economy is also impacting consumers and small businesses as well. Since they don’t have the … Read more
he gift creates a new directorship and expands hands-on insurance education at USF.
The hires add four advisors with deep ties to Tampa’s wealthy families and business owners.
Energy prices pulled U.S. inflation lower while Tampa’s latest inflation remained below the national rate.
GTE Financial has relocated its Hudson Community Financial Center to a new full-service location in New Port Richey, replacing its former Hudson branch and continuing service for members in west Pasco County. The new branch is led by Matthew DeSalvo, who has seven years of financial services leadership experience and more than a decade of … Read more
If you spend enough time doomscrolling social media, you’ll eventually see someone claiming the financial system is about to change forever. Recently, someone forwarded me a viral video warning that major changes to the credit system would destroy Americans’ credit scores overnight. The creator pointed to three issues: Buy Now, Pay Later accounts, the rise … Read more
While there’s something to be said for bootstrapping a business, leveraging debt to launch or scale can be a game changer if handled properly. The key to success here is twofold. First, you need to be responsible with debt because it can quickly spiral out of control—especially in a soft economy, so how you use … Read more
There’s a reason portable mortgages are suddenly a topic of conversation everywhere lately. The housing market is a mess because rates are up, qualifying for a mortgage is tougher than ever, and for every single house that has skyrocketed in value, hundreds of buyers are priced out of the market. On the surface, portable mortgages … Read more
There’s been a lot of talk lately about using regulatory bodies to cap credit card interest rates as a way to lower costs for Americans in today’s softening economy. On the surface, this sounds logical. If you cap credit card interest rates to some arbitrary lower number—like the 10% cap currently being proposed—consumers’ monthly payments … Read more
Business credit, when leveraged properly, can be an absolute game changer for entrepreneurs because it gives you the opportunity to scale your business in ways you never could by simply bootstrapping. This enables you to invest in the necessary inventory, equipment, and acquisitions that help you to make bigger moves and gobble up market share. … Read more