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This is one retailer trick you don’t want to fall for this holiday season

This is one retailer trick you don’t want to fall for this holiday season

Finance
Holiday shoppers at the Time Warner Center in New York.Scott Mlyn | CNBCYou've likely heard the pitch, "Would you like to apply for a store card?" as you're making purchases.Many times, you should just say no to that offer, new research shows.That's because many stores will try to lure customers with terms like "0% interest" or "special financing." Once the initial time period ends, that low introductory deal turns into something much worse, including retroactive interest applied to the initial amount you charged.For example, if you buy an $ 800 TV and have a $ 20 balance when a six-month introductory offers runs out, you will be charged interest on the entire $ 800 purchase."That extends the timeline you had thought that you would be paid off by that much longer," said Jill Gonzalez, seni...
Seeing strong lending biz growth, MobiKwik targets Rs 1500 cr disbursement this fiscal

Seeing strong lending biz growth, MobiKwik targets Rs 1500 cr disbursement this fiscal

Finance
Digital payments company MobiKwik has witnessed strong growth in its lending business and aims to disburse loans worth Rs 1,500 crore in FY2020 through its platform. The company, which competes with the likes of Paytm in the fintech space, has already disbursed over one lakh "digital loans" in September this year. "We started our digital lending journey more than a year ago, and disbursed over 1,00,000 fully digital loans in September...We are well on track to disburse over Rs 1,500 crore across 1.2 million loans in FY2020," MobiKwik Co-founder and CEO Bipin Preet Singh told PTI. He added that the company is working with leading financial institutions to create loan products that customers need in small packet sizes. "We have been able to keep operating costs low by delivering the loan com...
This runner won the New York Marathon. Why he says everyone should run at least one

This runner won the New York Marathon. Why he says everyone should run at least one

Finance
Meb Keflezighi, of the United States, reacts after winning the 118th Boston Marathon, April 21, 2014.John Tlumacki | The Boston Globe | Getty ImagesWhen Meb Keflezighi ran his first competitive race in the seventh grade, his motivation was simple: to get a t-shirt for his school's running club that his older brothers also wore.Yet after running a mile in 5 minutes, 20 seconds, he discovered he had a unique talent. His teacher at the time told him, "You're going to go to the Olympics." And word in school quickly spread."I didn't speak English at the time, but my picture by the gym made history," said Keflezighi, who immigrated to the U.S. from Eritrea."They said, 'Hey, here's the fastest kid,' and people started giving me high-fives," he added. "And that was how my running started."Today, K...