Helio Lending

  Oftentimes when people need money, the last thing they consider is seeking a line of credit. However, it is a critical component when applying for a loan.   What is it?   A line of credit ( LOC ) is a flexible loan issued by a bank or other financial institution. Much like credit cards that offer a limited amount of funds – ones that you can use however and whenever you like – a LOC is a specific amount of money that one can access as needed. They can be repaid either immediately or over a pre-established period of time.   With loans , a line of credit typically charges interest as soon as money is borrowed. Borrowers must receive approval from the bank, with this consent being a byproduct of the borrower’s credit rating. Alternatively – or additionally – their relationship with the bank. It is important to note that the interest rate is, for the most part, variable. This makes it hard to predict what the money you are borrowing will eventually cost you.   Loa...

  To “default” is to fail at repaying a debt – including principal or interest – on either a loan or security. They usually happen when a borrower cannot make payments on time, they regularly miss payments, or they avoid making payments. Alternatively, they stop altogether. As one might expect, there are consequences for such an act.   Credit damage   Falling into default will mean that your credit will suffer greatly. Your credit score consists of numerous factors, but the most critical is your payment history. This includes your current position with outstanding accounts, credit cards , loans, or other lines of credit. Having a bad credit score will obviously negatively affect you in various ways. It can make it harder to rent or buy a house and get a job, among other tasks. Even if you get the approval for a loan, a poor credit score can make it more pricey.   Some lenders will report delinquencies if you are late paying a bill. During the first 30 days after a d...

  Consensus algorithms are the lifeblood of all crypto technologies. However, traders and holders generally pay little attention to them as they are considered irrelevant to the price of an asset. But this is not accurate. Consensus algorithms play a huge role in the value of a coin or token. Let’s take a look at how and why this happens, and why you should care.   Consensus Algorithms are all about Trust   Firstly, let’s take a look at what exactly a consensus algorithm is. In a nutshell, they are a process that computers use to agree on how something should be handled. In cryptocurrency, a consensus algorithm is simply a method of adding transactions to a blockchain .   There are dozens of different consensus algorithms in the market, but only two are truly popular: proof-of-work (PoW), and proof-of-stake (PoS). Popular PoW cryptocurrencies are Bitcoin, Litecoin, Dogecoin, and Monero. Popular PoS cryptocurrencies are Polkadot, Cardano, DASH, and Tezos. Ethereum wi...

  Can NFTs Survive in Times of Economic Hardship? NFTs first gained notoriety in two areas: collectibles and artwork. While the industry has grown  significantly  beyond these categories, they are still the market leaders, according to  nonfungible.com . These types of NFTs have had a turbulent history, with people flocking to them just several months ago. However, nowadays, people are more apprehensive about NFT investments, for fear of incurring a  bubble.  Essentially, these concerns can be chalked up to people worrying about where these virtual objects get their value from. In other words, they want to know what the underlying value of an NFT is. There can be no specific answer to this, as each NFT is (by definition) unique, but when looking at art and collectible NFTs, we can argue that its  commercial value  derives from a community’s opinion of the work itself. A leading art dealer, Michael Findlay, spoke about this matter,  noting tha...

  “CeFi vs. DeFi: The Key Differences” At this point, it would be difficult not to know about – let alone understand – the divide between traditional finance and cryptocurrency. The latter’s popularity has increased in this era of technological advancements. However, within the crypto space, there is another notable divide. That being the one between decentralized finance (DeFi) and centralized finance (CeFi). Who to trust Smaller differences aside, the core divide between CeFi and DeFi boils down to a specific question. That being whether users should place their trust in people or technology. In the case of DeFi, users have faith in the technology performing as proposed to carry out offered services. In contrast, users of CeFi trust the people of a business to handle funds and perform the business’s services. Offered features DeFi and CeFi both provide a wide variety of services for crypto-related finance. For instance, to name a few, centralized exchanges offer the following: Cr...

  “Consequences of Loan Defaults” To “default” is to fail at repaying a debt – including principal or interest – on either a loan or security. They usually happen when a borrower cannot make payments on time, they regularly miss payments, or they avoid making payments. Alternatively, they stop altogether. As one might expect, there are consequences for such an act. Credit damage Falling into default will mean that your credit will suffer greatly. Your credit score consists of numerous factors, but the most critical is your payment history. This includes your current position with outstanding accounts, credit cards, loans, or other lines of credit. Having a bad credit score will obviously negatively affect you in various ways. It can make it harder to rent or buy a house and get a job, among other tasks. Even if you get the approval for a loan, a poor credit score can make it more pricey. Some lenders will report delinquencies if you are late paying a bill. During the first 30 days ...

  Ethereum touched just shy $2.4k yesterday, making a two-week high. It also closed three consecutive daily green candles against Bitcoin, taking ETHBTC to 0.066782 at the time of writing. Some analysts attribute this strength to the up-and-coming London upgrade. The Rinkeby testnet rollout is anticipated this coming Wednesday. However, the mainnet launch depends on the success of Rinkeby , with no firm date available until that has been determined. Source: blog.ethereum.org The London hard fork puts the spotlight firmly back on the alts, with some seeing it as pivotal in Ethereum leading the alt charge against Bitcoin . What is the Ethereum London hard fork? The two main upgrades via the London hard fork relate to changes to the network’s transaction fee model and changes to the difficulty time bomb. EIP-1559: Fee market change is the most significant element. It includes a new deflationary mechanism that will burn the base fee leading to greater scarcity and adding to the long-te...