Business

Pennon Partners Claims Its Debt Consolidation Program Will Get You Out of Debt

Published

4 years ago

February 22, 2020

Best 2019 Reviews provides expert reviews for consumers looking to consolidate their credit card debts. A particular website, Pennon Partners, is of interest to best2019reviews.com. After a Pennon Partners review, it was determined that the same organization was also known as Jayhawk Advisors, Clay Advisors, Pine Advisors, Colony Associates, Alamo Associates, and White Mountain Partners. Pennon Partners and pennon partners com are part of the new type of Debt Consolidation Loan companies that are marketing to American consumers. Generally, they engage consumers through direct mail offers, cold calling and internet advertisements.

Debt Consolidation is the costliest in terms of borrowing money. Check the Debt Consolidation Loan reviews. They make it simple and easy to borrow money due to the highly liquid nature of the money. Younger people who are susceptible to impulse purchases are likely to become addicted to the ease of spending money they don’t currently own.

When it comes to credit cards, the smartest course of action is to have no credit cards at all. You can have one credit card if you want to account for emergency payments, but it should be used for emergencies only.

Your financial life and your personal loan offer will becomes much more manageable when you have one less thing to worry about. Credit cards, for all the flexibility they purportedly bring, make it too easy to fall in debt. It becomes a concern when you depend on them to pay for just about everything, from grocery bills to gas and utility bills, entertainment, and shopping clothing.

Most households wouldn’t find themselves in a financial stumbling block if they use their credit cards with discipline. The idea is to spend reasonably and pay off the debt before the end of every month. If nothing else, at least pay more than the minimum payment and don’t accrue more unneeded debt.

How to Determine if You Have too Much Debt

The most efficient way to calculate if you have too much debt is to use a formula known as the debt-to-income ratio or DTI.

This is the formula: recurring monthly debt / monthly income = DTI ratio.

The debt ratio can be determined in two ways, one includes mortgage, the other excludes it. The one including mortgage is often used by creditors to approve or reject a loan.

So for instance, let’s assume your debt payments every month are equal to $4000 and your monthly income is $8,000. The math for that is 4000/8000 = .50 or 50%. This is extremely high. You have way too much debt that you can handle.

Lenders prefer to work with individuals who have less than 35% or less after including mortgage or rent payment.

The other method to determine your debt to income ratio is to exclude mortgage payment. The resulting number should be less than 10% and not more. Anything larger should be a serious cause for concern.

How to Fix a Bad DTI Ratio

The best way to fix things is to lower your expenses and try increasing your income. Unfortunately, old habits die hard. Even though you may end up increasing your income, some people respond by increasing their expenses. This makes it harder to play catch up with debt and they find themselves caught in a vicious cycle.

How to Seek Help

If you feel you are too overwhelmed with your debt, the last thing you should do is to seek out quick fixes.

Things such as loans that promise no credit check must be avoided at all costs. It is important to realize they will make your situation worse, and not better. The best thing you can do is contact a nonprofit credit counseling agency that will try to seek lower interest rates on your credit card. This is known as debt management, and should usually take 3 to 5 years, leaving you debt-free at the end.

Business

EFX Algo’s April Ascendancy: Commanding $37.63 Million in Deposits with Profits Soaring to $3.27 Million

Published

2 days ago

April 30, 2024

Matthew Wiles

As of April 11, 2024, EFX Algo stands out as a formidable force in the automated trading industry, showcasing extraordinary growth with a record-breaking $39 million in deposits across over 520 accounts. This month alone, EFX Algo realized gains of $321.24k, contributing to an impressive yearly profit of $2.75 million, cumulating a total profit of $3.5 million.

This financial technology powerhouse, co-founded by industry leaders Danny Reardon, Bogdan Padua, and Joe Amara, revolutionized the investment landscape by merging advanced technology with deep market insight to deliver a truly automated, hands-free trading experience.

EFX Algo is marking a significant footprint in the financial technology landscape. This article delves into the remarkable achievements of EFX Algo, spotlighting its rapid growth and the exceptional monthly gains that captivate investors globally.

A Financial Phenomenon

EFX Algo began as an idea between co-founders with a shared ambition to democratize the trading market. Today, it stands as a juggernaut in automated trading, having processed over $39 million in deposits across hundreds of accounts. As of recent evaluations, EFX Algo manages these substantial funds and delivers impressive gains, with reports showing an upward trajectory of $1.43 million in profits in just one month.

“We created a platform that exhibits robust performance and reliability time and again,” Reardon said. “I think I speak for all of us at EFX Algo when I say we are proud to show our numbers, because they reflect our aims: Democratized trading profits for all.”

Innovative Trading Strategies and Performance Metrics

At the heart of EFX Algo’s success are its innovative trading strategies, designed to cater to various investor profiles from conservative to aggressive. The platform’s ability to yield consistent returns is evidenced by its performance metrics, boasting gains that significantly outperform traditional investment benchmarks.

“We employ a diversified approach, meticulously back-tested and refined, to ensure stability and growth amidst the volatile financial markets,” said Reardon.

Unparalleled Support and Client Success Stories

Beyond its financial accomplishments, EFX Algo shines in customer support and satisfaction. The platform has been likened to having a personal assistant, akin to ‘Alfred from Batman,’ always ready to assist and enhance the investment journey.

Testimonials abound of users experiencing substantial portfolio growth, with one investor highlighting a 20.5% increase in just four months.

“We care about empowering investors with the tools and support necessary for success,” Reardon shared.

A Transparent and Trustworthy Trading Partner

Transparency and trust form the cornerstone of EFX Algo’s philosophy. Through real-time data verification with Myfxbook, clients and would-be clients alike can independently assess the platform’s performance, ensuring that their investment decisions are based on genuine and untampered data.

“We believe our openness cements our reputation as a reliable partner in the automated trading industry,” Reardon said. “We are building a community of informed and enabled investors.”

A Visionary Leap into the Future of Trading

EFX Algo is a vision realized, transforming the space of automated trading and setting new benchmarks in financial technology innovation. As it continues to grow and expand its horizons, EFX Algo proves to be a gateway to financial equipment and independence. With its impressive growth, consistent performance, and dedication to client success, EFX Algo stands as a paragon of investment excellence, reshaping the future of trading one transaction at a time.

About EFX Algo

Founded by Danny Reardon, Bogdan Padua, and Joe Amara, EFX Algo is an innovative, fully-automated trading bot designed to provide 100% hands-free, high-return investment opportunities by transforming yearly gains into monthly profits, previously exclusive to an educational network and now available to the general public. The software is designed to manage investments and execute trades in the financial markets without the need for manual intervention. For more information, please visit: https://www.efxalgo.com