BBB tips on avoiding scams this holiday season

With the surge in holiday shopping, scammers are looking for an easy target. It’s why the Better Business Bureau is offering tips on how to avoid becoming a victim.

Steve Bernace, the BBB’s president and CEO, isn’t talking about the crowds at the mall – or the pop ads online. Bernace is, however, talking about shopping and thieves who are scoring their own deals.

“This is my 34th year at the Better Business Bureau. I have never seen it so bad right now,” Bernace said. “They are coming at them with everything at people. Every day, there’s a new twist to a different scam. That’s why consumers need to be educated.”

Scammers know there’s a pent-up demand emerging from the pandemic.

The National Retail Federation predicts holiday sales could grow as much as 10.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} to $850 billion over last year. A big chunk of that, purchased online, which is convenient but poses risks.

Online fraud was the number one complaint to the Better Business Bureau in 2020.

If you want to protect yourself, look closely at the URL. But, here’s a big ‘don’t,’ says Bernace.

“Don’t follow a link. Go directly to the site itself. Go through Google, don’t follow a link. It’s really zero trust with those links,” Bernace said. “A lot of the scams are on Facebook and other social media sites where those ads pop up because they watch you, they’re big brother, they know what you’re looking at.”

Bernace says a “do” is to look for the online retailer’s information before making a purchase.

“Make sure they have a phone number or a physical address, that they answer the phone because, as I mentioned, you can’t tell if it’s a scam website or a real website,” Bernace said.

Sometimes, a big clue can be a price consumers know is too good to be true in their hearts. But, of course, that goes for all kinds of shopping.

“Obviously, know the price of the product you’re going to buy. Everybody has these doorbuster sales, whether online or offline, because guess what? In the next week, at the Better Business Bureau, we get consumers who say it wasn’t a doorbuster, the cheapest I could have gotten it.” Bernace said.

To avoid overpaying or getting something you didn’t want, Bernace says, prepare.

“Do the education upfront. Know the prices, track the prices,” Bernace said. “Don’t just go to a store and see doorbusters and believe them without having some research, because those doorbusters are to get you into the store and, ‘guess what? Oh, we don’t have that anymore, but we have a whole selection,’ so that’s where consumers fall into a trap.”

And if you’re at a loss, you can try this trusted website: BBB.org.

“It’s so simple. There’s so much information out there,” Bernace said. “Check with the Better Business Bureau. We can find businesses you can trust on our site and you can find the bad actors as well.”

Has Avis Budget Group (CAR) Outpaced Other Business Services Stocks This Year?

Investors interested in Business Services stocks should always be looking to find the best-performing companies in the group. Avis Budget Group (CAR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let’s take a closer look at the stock’s year-to-date performance to find out.

Avis Budget Group is one of 278 companies in the Business Services group. The Business Services group currently sits at #6 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Avis Budget Group is currently sporting a Zacks Rank of #1 (Strong Buy).

Within the past quarter, the Zacks Consensus Estimate for CAR’s full-year earnings has moved 45{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.

Based on the most recent data, CAR has returned 738.2{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} so far this year. At the same time, Business Services stocks have lost an average of 24.5{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}. This means that Avis Budget Group is outperforming the sector as a whole this year.

Interpublic Group (IPG) is another Business Services stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 46.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

For Interpublic Group, the consensus EPS estimate for the current year has increased 6.3{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} over the past three months. The stock currently has a Zacks Rank #2 (Buy).

To break things down more, Avis Budget Group belongs to the Business – Services industry, a group that includes 29 individual companies and currently sits at #90 in the Zacks Industry Rank. On average, stocks in this group have gained 140.6{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550} this year, meaning that CAR is performing better in terms of year-to-date returns.

In contrast, Interpublic Group falls under the Advertising and Marketing industry. Currently, this industry has 15 stocks and is ranked #176. Since the beginning of the year, the industry has moved +15.8{ac23b82de22bd478cde2a3afa9e55fd5f696f5668b46466ac4c8be2ee1b69550}.

Avis Budget Group and Interpublic Group could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks.

Breakout Biotech Stocks with Triple-Digit Profit Potential

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

BBVA’s financial education grants will finance five projects seeking to resolve challenges from the pandemic

In this fourth edition of the program, each selected team will have access to a €10,000 prize to finance their research project. The global pandemic has demonstrated the importance of financial education as a tool to overcome the challenges that contribute to a more sustainable society. It is no surprise, therefore, that the winning proposals mostly focus on solving the sector’s most pressing challenges.

Since 2018, BBVA’s Center for Financial Education and Capability has given €200,000 to 22 projects from countries such as Mexico, the U.S., Spain, Argentina, Colombia, Peru, Turkey, Kenya and Indonesia. These are the winning projects from 2021.

1- IE Foundation (Spain) 

The research led by Laura Núñez Letamendia will delve into the role of financial education in households’ financial well-being. The work is based on analysis of the population’s knowledge of concepts like inflation, diversification and simple and compound interest;  understanding of investment vehicles; planning skills and the sense of financial empowerment; in other words, the confidence each person has in their abilities to carry out financial management activities.

The research will explore the influence of these four pillars on people’s well-being or vulnerability through the Consumer Financial Protection Bureau’s (CFPB)  scale of well-being. For this, it will use the survey conducted by the Household Savings Observatory in March 2021 of 1,500 Spanish households as an empirical base. This poll collected information on variables related to individuals’ financial behaviors and attitudes prior to the pandemic, and their level of financial education. “Beyond the satisfaction of the funding, it is an honor for us to have been selected by such a prestigious program as BBVA Edufin,” said Laura Núñez when learning that her project had been selected.

2- William Marsh Rice University – Baker Institute (EE. UU. – México) 

Many Mexicans lost their jobs due to the economic crisis from the pandemic. They found themselves pushed into the informal economy, or were forced to spend their retirement savings. Researcher José Iván Rodríguez-Sánchez began the project “Improving financial education and retirement accounts in Mexico after the COVID-19 pandemic” in order to explore the pandemic’s impact on Mexicans and how it has influenced their interactions with the financial system. This expert was enthusiastic when hearing that his project had been selected: “The fact that BBVA has chosen me, makes me feel very honored and with a lot of responsibility to do my research.” 

The conclusions of this study will seek to understand the vision that many of the country’s citizens have of the future now that their ability to save, plan for retirement and access credit has been diminished. The research will analyze the impact that better financial education would have in the current situation and will provide recommendations of public policies to offer quality education and greater financial inclusion.

3- The Pennsylvania State University (EE. UU. – Colombia) 

Despite its development in recent years, Colombia is facing a dramatic increase in economic equality, which has gotten worse in rural areas. In this scenario, the fintech industry is emerging as an option to provide alternative financial products and services that are adapted to users’ needs. Led by Priya Sharma, this project explores the role of financial inclusion and the sector’s technologies as a tool to boost economic growth from the perspective of several representatives of two sectors: fintech companies and rural communities, specifically a group of women coffee growers and families running small cocoa farms.

The information from both groups will be collected in in-depth interviews and two workshops, which will be held separately with a total of  40 participants. The one for fintech companies, which will take place in Bogota, will focus on the products and services the rural population consider a priority and how they perceive the needs and expectations of these communities. For the farmers, the research aims to understand their perspectives of poverty, inequality and financial inclusion in order to understand their needs and offer solutions. The final report will offer recommendations regarding how to challenge the country’s current paradigm of financial education and the role of financial technologies in a challenging context, among other topics.

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Prepaze Academy Launches The Most Student-centric Educational Franchise

DUBLIN, Calif., Nov. 24, 2021 /PRNewswire/ — Prepaze Academy, a leading education provider specializing in delivering flexible in-person tutoring and fostering individual excellence of students via tailored learning programs, is excited to announce its expansion through franchise offering.

“We are ecstatic to launch Prepaze Academy franchising, your next-door learning center providing quality education that is closely aligned with the school’s curriculum. Our key focus is to deliver personalized learning at an affordable price. Our success is when our students feel confident about themselves and score better in their school,” said CEO Shenba Chockalingam.

“Prepaze Academy considers itself as a one-of-a-kind academic center, which doesn’t follow a one-size-fits-all teaching style. Our centers are student-centric; we encourage our dedicated tutors to nurture every student’s individuality, ” she added.

Prepaze Academy franchising is for anyone who has the passion for education and entrepreneurship. Here is an exclusive preview of the benefits that come with franchising licenses:

  1. Easy and clear establishment process, with complete Operational, technical, and marketing support throughout the franchising period.

  2. Unik – Prepaze Academy’s learning management system (LMS) where admins and teachers can tutor classes online, conduct tests, schedule assignments, and manage enrollments & attendance.

  3. Unik Invoicing – An invoicing and billing software integrated with enrollments to track payments, hold multiple fee plans, and collect payments.

  4. Multiple streams of revenue – Test prep programs, College Counseling Services, Enrichment Programs, etc.

  5. An integrated assessment repository helps tutors build assessments within minutes.

  6. Regular and on-demand content update to accommodate changes to the syllabus with a focus on improving students’ analytical skills and performance.

“Compared to establishing a business from scratch, Prepaze Academy franchising has low start-up costs and maintenance costs. With multiple streams of revenue and support from industry experts, you will be able to grow much faster compared to other similar businesses,” noted Shenba Chockalingam.

With many happy students and parents endorsing the expansion of the learning center, Prepaze Academy is confident to make a positive impact across the country through franchising.

About Prepaze Academy
Prepaze Academy provides custom teaching to students around the globe, no matter where they live. Having successfully run for about 5 years in the San Francisco Bay Area, Prepaze Academy has instilled in its students a passion for lifelong learning and critical thinking.

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SOURCE Prepaze

Everything you need to know about adoption loans

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

Adoption loans and grants can help you cover the costs of adopting a child. Learn more about lenders and other organizations that offer them. (iStock)

Deciding to grow your family through adoption is exciting, but it can also be expensive. Adoption-related expenses vary widely depending on whether you’re adopting a child from foster care, going through a private agency, or adopting internationally. 

Adopting a child from foster care involves very little expense because federal and state adoption assistance programs help offset costs. But a private adoption can cost anywhere from $20,000 to $45,000, and an intercountry adoption averages between $20,000 and $50,000, according to the Child Welfare Information Gateway.

Fortunately, adoption loans can help you finance these costs. Here’s what you need to know about adoption loans.

Check out Credible to compare personal loan rates and find one that’s right for you.

Can I get a loan to finance an adoption?

In short, yes. Many prospective parents turn to adoption loans to help pay for the cost of adoption. In fact, adoption loans come in several different forms. Some lenders offer loans specifically for adoption. But you may also be able to use a personal loan to finance your adoption costs.

Lenders that offer adoption loans 

The following 13 Credible partner lenders offer personal loans that can be used for adoption expenses.

Avant

  • Loan amounts: $2,000 to $35,000
  • Loan terms: 2 to 5 years
  • Best for: Borrowers who don’t have good credit

Axos

  • Loan amounts: $5,000 to $35,000
  • Loan terms: 1 to 5 years
  • Best for: Borrowers with good to excellent credit

Best Egg

  • Loan amounts: $2,000 to $50,000
  • Loan terms: 2 to 5 years
  • Best for: Borrowers with lower income and fair credit

Discover

  • Loan amounts: $2,500 to $35,000
  • Loan terms: 3 to 7 years
  • Best for: Borrowers who want fast funding

FreedomPlus

  • Loan amounts: $10,000 to $35,000
  • Loan terms: 2 to 5 years
  • Best for: Borrowers who want to choose their own payment date

LendingClub

  • Loan amounts: $1,000 to $40,000
  • Loan terms: 3 or 5 years
  • Best for: Borrowers with a strong credit score and low debt-to-income ratio

LendingPoint

  • Loan amounts: $2,000 to $36,500
  • Loan terms: 2 to 4 years
  • Best for: Borrowers with fair credit

LightStream

  • Loan amounts: $5,000 to $100,000
  • Loan terms: 2 to 7 years
  • Best for: Borrowers who want longer repayment terms

Marcus

  • Loan amounts: $3,500 to $40,000
  • Loan terms: 3 to 6 years
  • Best for: Borrowers who want tailored monthly payments

Prosper

  • Loan amounts: $2,000 to $40,000
  • Loan terms: 3 or 5 years
  • Best for: Borrowers who want to pay off their loan early

SoFi

  • Loan amounts: $5,000 to $100,000
  • Loan terms: 2 to 7 years
  • Best for: Borrowers with excellent credit

Upgrade

  • Loan amounts: $1,000 to $50,000
  • Loan terms: 2 to 7 years
  • Best for: Borrowers who are building credit

Upstart

  • Loan amounts: $1,000 to $50,000
  • Loan terms: 3 to 5 years
  • Best for: Borrowers who don’t have strong credit but have an excellent education or job history

Interest-free adoption loans

Some nonprofits and religious organizations offer interest-free adoption loans to adoptive families who meet their criteria. Here are a few options to consider:

  • ABBA Fund The ABBA Fund offers loans designed to cover up to one-third of the overall cost of an adoption, usually in the range of $6,000 to $8,000. Application approval for a zero-interest adoption loan takes six to eight weeks.
  • Hebrew Free Loan Hebrew Free Loan is a nonprofit organization that provides interest-free loans of up to $20,000 to help Jewish individuals and couples in Northern California cover the cost of adoption. To qualify, you must be a Jewish resident of Northern California or working for a Jewish organization in Northern California.
  • Lifesong for Orphans Lifesong for Orphans provides no-interest loans only to traditional two-parent Christian families who are U.S. citizens. The application review process takes four to six weeks.
  • Pathways for Little Feet Pathways for Little Feet provides interest-free loans of up to $8,000. Priority is given to families with the greatest financial need. Applicants must work with a licensed adoption agency.

If you don’t qualify for one of these adoption loans, you can compare personal loan rates for adoption expenses using Credible.

What’s the difference between adoption loans and grants?

Both adoption loans and grants offer funds to help adoptive parents cover the cost of adoptions, but there’s a crucial difference: Adoption loans must be paid back, whereas adoption grants are gifts that don’t have to be repaid.

Because they don’t have to be repaid, there can be a lot of competition for adoption grant resources. It’s a good idea to apply for a variety of adoption grants to improve your chances of getting some financial assistance.

Here are a couple adoption grants to consider:

  • Gift of Adoption Fund The Gift of Adoption Fund offers grants of up to $15,000 to help individuals complete a relative, domestic, or international adoption. Grants are awarded without regard to race, religion, age, marital status, or sexual orientation. Applicants must submit two letters of reference and a $50 application fee with their completed application.
  • HelpUsAdopt.org HelpUsAdopt.org provides adoption grants between $500 and $15,000 to couples and individuals regardless of race, religion, gender, ethnicity, marital status, or sexual orientation. At least one applicant must be a U.S. citizen, and applicants must use a licensed adoption agency in the U.S. The organization prioritizes applicants without children or with failed or disrupted adoption placements.

What are some adoption loan alternatives?

Adoption loans and grants aren’t the only options for financing your adoption costs. Here are some alternatives to consider:

If a personal loan for adoption costs is right for you, visit Credible to compare personal loan rates in minutes.

GoFundMe pulls fundraiser for Waukesha suspect Darrell Brooks

GoFundMe has removed a fundraiser for Darrell Brooks Jr., who has been charged with five counts of first-degree intentional homicide after Sunday’s Christmas parade massacre in Waukesha.

A GoFundMe was created for Brooks in an effort to raise $5 million, the bail amount Waukesha Court Commissioner Kevin M. Costello set for Brooks.

Brooks allegedly drove through a Christmas parade in Waukesha, Wisconsin, killing at least six people and injuring dozens.

A spokesperson for GoFundMe confirmed to FOX Business that the fundraiser was removed from the platform because it violated the GoFundMe Terms of Service.

WAUKESHA PARADE SUSPECT DARRELL BROOKS FACING 5 COUNTS OF 1ST-DEGREE INTENTIONAL HOMICIDE, HELD ON $5M BAIL

Waukesha parade suspect Darrell Brooks arrives in court for his arraignment.

The spokesperson also said that the organizer attempting to raise money for Brooks has been banned from using the platform for future fundraisers.

“Fundraisers with misuse are very rare, and we take all complaints very seriously. Our team works with law enforcement to report issues and assists them in any investigations they deem necessary,” the spokesperson said.

Law Enforcement Today first reported on the fundraiser’s creation.

GoFundMe has come under criticism recently after the Kyle Rittenhouse trial verdict. GoFundMe says that since Rittenhouse was acquitted of a “violent crime,” money could now be raised for him using the platform. Previously, fundraisers for a Rittenhouse legal defense were prohibited on the site. 

“If someone is acquitted of those charges, as Rittenhouse was today, a fundraiser started subsequently for their legal defense and other expenses would not violate this policy,” the statement said. “A fundraiser to pay lawyers, cover legal expenses or to help with ongoing living expenses for a person acquitted of those charges could remain active as long as we determine it is not in violation of any of our other terms and, for example, the purpose is clearly stated and the correct beneficiary is added to the fundraiser.”

Darrell E Brooks, Jr suspected Waukesha christDarrell E Brooks, Jr suspected Waukesha christmas parade attacker mas parade attacker

Police and emergency responders gather after a vehicle plowed through a Christmas parade, leaving multiple people injured in Waukesha, Wis., Nov. 21, 2021.  (Scott Ash-USA TODAY NETWORK via REUTERS / Reuters Photos)

GOFUNDME SAYS RITTENHOUSE FUNDRAISING OK NOW THAT HE IS ACQUITTED

However, GoFundMe allowed fundraisers for the defense of people accused of violent crimes around the same time as the Rittenhouse defense fundraisers were pulled from the site.

Marc Wilson, for example, had a fundraiser on GoFundMe set up by others to pay for his legal defense after he allegedly shot and killed a 17-year-old girl, claiming he did so in self-defense.

The fundraiser for Wilson was active as of Nov. 21 but has since been taken down. It was created on July 1, 2020.

KYLE-RITTENHOUSE-TESTIMONY-KENOSHA-WISCONSIN

Kyle Rittenhouse talks about how Gaige Grosskreutz was holding his gun when Rittenhouse shot him Aug. 25, 2020. Rittenhouse was testifying during his trial at the Kenosha County Courthouse in Kenosha, Wis., Nov. 10, 2021.  (Sean Krajacic/Pool via REUTERS TPX IMAGES OF THE DAY / Reuters Photos)

CLICK HERE TO READ MORE ON FOX BUSINESS

“It is too early to tell if GoFundMe now will be consistent or whether this is simply a reaction to the negative fallout regarding Rittenhouse,” William Jacobson, clinical professor and director of the securities law clinic at Cornell University Law School, told Fox News.

“The bigger question is why GoFundMe will not permit fundraising for legal defense of people accused but not convicted. It seems illogical to say that someone can raise money to defend themselves but only after they are acquitted, when they no longer need funds to defend themselves,” Jacobson said.

Fox News’ Michael Ruiz, Stephanie Pagones, and Breck Dumas contributed to this report