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American Express launches Business Blueprint for small businesses

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The product will launch on Tuesday. This initiative forms part of a wider plan by financial services companies to shift from product-oriented offerings, such as individual loans, to a more comprehensive suite of services.

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Lessons From Past Recessions

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For anyone who lived through the fear and uncertainty of the 2008 financial crisis, hearing ‘recession’ from news anchors and pundits can bring up anxiety and fear. The most recent recession was in 2020 and only lasted a couple of months, whereas the 2008 recession lasted about 18 months. Beef up your emergency fund.

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How to Protect Yourself from Online Scams

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The FBI’s 2020 Internet Crime Report states that there were 300,000 more internet crimes (phishing, non-payment/non-delivery scams or extortion) complaints in 2020 than in 2019. Keep your devices up to date. Check your credit report quarterly. Review your report frequently for any odd transactions or fraudulent postings.

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What Is a Credit Freeze, and Should I Do It?

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It’s also important to note that while a credit freeze can make it much harder for someone to open an unauthorized account in your name, it does not prevent identity theft on its own. For example, if someone steals your credit card number, a credit freeze won’t stop them from making unauthorized purchases.

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7 Apps to Teach Kids About Money

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To start, financial literacy appears to set kids up for a lifetime of better financial circumstances. A three-state study funded by the FINRA Investor Education Foundation in 2015 found that high school students who received strong financial education had credit scores that were around 20 points higher on average. Google Play : 4.7.

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How to Prepare for a Recession

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Talk of a recession might have some people remembering the fear and hardships of the Great Recession in 2008, or even the disruption of the COVID-19 recession in 2020 , which lasted only two months. One of the best things you can do to prepare for any financial downturn is to pay off your credit card or other high-interest debt.

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Stacey Abrams’ New Co-Authored Book Details the Struggles Black Entrepreneurs Still Face and Why Business Partnership Differences Can Be Your Superpower

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It’s Time to Level Up. At the same time, women-owned ventures account for just 16% of conventional small-business loans and 17 percent of Small Business Administration loans, even though female-owned firms make up a third of all small companies in the U.S. Our work cemented our mutual respect. Bottom line: It’s not you, it’s them.