Student loan debt has become a growing concern for many individuals pursuing higher education. As the cost of college continues to rise, more and more students are turning to student loans to finance their education. However, it is crucial to understand how this debt can impact your credit score and ultimately affect your financial future.
Understanding Credit Scores
Before diving into the effects of student loan debt on your credit score, let’s first understand what a credit score is. A credit score is a three-digit number that represents your creditworthiness and is used by lenders, banks, and other financial institutions to assess your ability to repay borrowed money.
Your credit score is influenced by various factors, including your payment history, credit utilization ratio, length of credit history, types of credit, and any current or past delinquencies or defaults. Each of these factors carries a different weight in determining your overall creditworthiness.
The Impact of Student Loan Debt
One of the primary ways student loan debt affects your credit score is through your payment history. Making regular, on-time payments towards your student loans can have a positive impact on your credit score. Conversely, missing or late payments will likely result in a lower credit score.
The amount of student loan debt you have can also impact your credit score. Your credit utilization ratio, which is the amount of available credit you’re using, accounts for approximately 30% of your credit score. Having high student loan balances compared to your available credit limit can lower your credit score.
Furthermore, having student loan debt can affect your ability to take on additional credit. Lenders may be hesitant to extend credit to individuals with high levels of student loan debt, as it increases the risk of default. This can make it harder to obtain mortgages, car loans, or credit cards, limiting your options for future financing.
Managing Student Loan Debt Responsibly
While student loan debt can have some negative implications for your credit score, there are steps you can take to manage it responsibly and mitigate its effects. First and foremost, make all payments on time. Setting up automatic payments or reminders can help ensure you never miss a payment.
Additionally, it’s important to budget and live within your means. Consider creating a monthly budget that allows you to make your student loan payments while still covering other necessary expenses. This will help you avoid accumulating excessive debt and maintain a healthy credit score.
If you find yourself struggling to make your student loan payments, reach out to your loan servicer or a financial advisor. There may be options available to help you, such as income-driven repayment plans or loan deferment. Ignoring your student loan debt will only lead to more significant financial issues in the long run.
In conclusion, student loan debt can have a substantial impact on your credit score and overall financial well-being. It is crucial to stay informed and take proactive steps to manage your debt responsibly. By making timely payments, keeping your student loan balances in check, and seeking assistance when needed, you can navigate the world of student loan debt while minimizing its negative effects on your credit score.


Worldsource Financial Management INC
& Gatt Wealth Management
At Worldsource Financial Management and Gatt Wealth Management, we believe there is no better way to serve the needs of Canadian investors than by providing access to independent, unbiased financial advice. We can offer an array of solutions and a comprehensive suite of financial products and services to help you invest for your future.
Worldsource Financial Management
Worldsource Financial Management was founded in 1989 and it a part of the Gaurdian Capital Group Limited which also includes:
- Gaurdian Capital LP – Institutional Investment Management
- Gaurdian Capital Advisors Inc. – High Net Worth Investment Counselor
- Alexandria Bancorp Limitied- International Wealth Management
- Worldsource Financial Management Inc. - Mutual Fund Dealer
- Worldsource Securities Inc. - Securities Dealer
- IDC Worldsource Insurance Network Inc. - Leading Managing General Agency
Gaurdian Capital Group Limited is one of Canada’s largest publicly traded investment companies. Founded in 1962 and publicly traded since 1969, Gaurdians sound history is complemented by a proven track record of accomplishment and success.


Infobank24 Ltd is a company incorporated in England and Wales with Company Number 10660019, Registered address: 1a Strathearn Road, Wimbledon, London, SW19 7LH, United Kingdom. Infobank24 Ltd authorised by the UK Financial Conduct Authority as an EMD Agent under reference number 902994,.
The principal to the agency relationship is Noveba Limited is a company incorporated in England and Wales with company number 11610200 and whose registered office is at 71-75 Shelton Street, Covent Garden, London, England, WC2H 9JQ.
Noveba is the issuer of Electronic Money in Noveba Electronic Money Accounts and performs the payment services related to Electronic Money Account(s). Noveba is authorised by the Financial Conduct Authority as an Electronic Money Institution under the Electronic Money Regulations 2011 for the issuing of electronic money, included in the FCA’s Register of Electronic Money Institution firms (Firm Reference Number 900924).
2.1 These Terms and Conditions (V1.0) set out our obligations and the terms on which you, the Customer, can use the Noveba Account and debit card. These Terms and Conditions, our Privacy Statement, the Noveba Account Mandate and Fees and Charges constitute the entire Agreement between you and us. Any additional service that you request from us will be subject to a separate agreement that you will be required to review and accept prior to using such service.
2.2 To open a Noveba Account, you must review and agree to be bound by this Agreement.
2.3 Certain words and phrases used throughout these Terms and Conditions are defined in Section 17.
2.4 Applicable law to this Agreement
2.4.1 This Agreement and any disputes, claims or proceedings arising out of or in any way relating to it shall be governed by the laws of England. The parties agree that English courts shall have jurisdiction for the purpose of any proceedings, except where European Union legislation and local laws requires a specific dispute to be resolved by the courts of another jurisdiction.
2.5 Important information about the Agreement
2.5.1 If a condition of this Agreement is found to be illegal, invalid or unenforceable, then to the extent it is illegal, invalid or unenforceable, that condition will be given no effect and will be treated as though it were not included in this Agreement, but the validity or enforceability of the remaining conditions of this Agreement will not be affected.
2.5.2 This Agreement does not create a partnership between you and us. You have no authority to bind, to contract in the name of, or to create liability for us in any way for any purpose. You shall always present yourself as a separate entity from us.
2.5.3 No person other than the parties to this Agreement shall have rights under the Contracts (Rights of Third Parties) Act 1999 or otherwise to enforce any term of this Agreement.
2.5.4 This Agreement constitutes the entire agreement between you and us with respect to the Services and supersedes and replaces any and all prior agreements.
2.5.5 Any delay or failure by a party to exercise or enforce any right under this Agreement shall not be deemed to be a waiver of any such right or operate to bar the exercise or enforcement thereof at any time or times thereafter.
2.5.6 The rights and remedies available to us in this Agreement are cumulative and are in addition to any other right or remedy available to us at law or in equity.
2.6.1 You may cancel this Agreement within 14 days of the initial opening of your Noveba Account, being the day you agreed to accept these Terms and Conditions, you may do so without giving a reason and without incurring cancellation charges (if any) or penalties. Contact our Support Team as set out in the communicating with us section if you want to cancel this Agreement.
2.7 Changes to the Agreement
2.7.1 This Agreement may change from time to time. We will give you at least two months’ notice of any proposed change by e-mailing the User(s) and posting a notice on our Website. However, if the change is to your benefit or if a change is optional, we may make these new features available sooner than two months and notify you accordingly.
2.7.2 If you object to the proposed change, you have the right to end your Agreement with us (and consequently close your Noveba Account) before the proposed change comes into effect without incurring any charge. To do so, you must give us written notice and email it to our Support Team. You will however be responsible for all transactions and charges incurred by you up to the date this Agreement terminates.
2.7.3 Unless you object to the change we propose, the proposed change will take effect on the date identified in our communication to you and the terms of this Agreement will be amended accordingly.
2.7.4 Your continued use of your Noveba Account following the effective date of the relevant changes to these Terms and Conditions will constitute your acceptance of the revised Terms and Conditions.
3.1 All communications between us will be in English and will be carried out through the Noveba Account Web Application, SMS text, e-mail or phone. You or the User(s) may contact us at any time by emailing us at [email protected] or write to us at our registered address stated above. You can also obtain a copy of these Terms and Conditions from our Support Team and from the Website.
3.2 We are not liable to you, if due to circumstances beyond our reasonable control, communications are intercepted, delayed, corrupted, not received or received by persons other than you.
4.1 A Noveba e-money account(s) enables you to initiate and receive payment(s) through internal transfer(s) between dedicated e-money account(s) or e-wallet(s) in the currencies associated with your Noveba e-money account(s). You can deposit funds to your Noveba e-money account by any supported payment card (Mastercard, Visa, etc). The Noveba Account also allows you to carry out currency conversion and avail of a debit card.
4.2 You must ensure that there are sufficient funds in the Noveba Account to meet your requirements. We do not provide credit. There is no overdraft facility on the Noveba Account. We may debit your Noveba Account with all amounts and charges for which you are liable. We do not provide chequebooks or individual cheques. We do not accept payments by cheque or cash deposits into a Noveba Account. Interest is not paid on amounts held in a Noveba Account.
4.3 You may not assign or transfer your Noveba Account to a third party. You may not otherwise grant any third party a legal or equitable interest over it without our specific written permission.
4.4 Noveba Accounts are operated and maintained in accordance with the Electronic Money Regulations 2011 (as amended by the Payment Services Regulations 2017) for the issuing of electronic money and related payment services. The funds in your Noveba Account are segregated at all times from our assets and we will not invest them, lend them to third parties or use them for any operating purposes. Your relevant funds are safeguarded with regulated Financial Institutions.
4.5 Noveba Accounts do not fall under the remit of the Financial Services Compensation Scheme (FSCS).
4.6 How to access our Services?
4.6.1 To be eligible to open a Noveba Account:
if you are a legal entity (being a charity, company or partnership), your country of registration must be in the United Kingdom. If your legal entity is not registered in the United Kingdom you may be eligible to open a Noveba Account subject to our approval on a case by case basis;
You must have access to a suitable communications device suitable with connection to the Internet;
a natural person, acting for and behalf of the legal entity, must be at least 18 years of age, and have full legal capacity to enter into a contract of this nature in your country of residence and be duly authorised by the applicant legal entity to do so by means of a Power of Attorney, Statutes, Charter or any other form of valid authorisation; or
Vulnerable Consumers or their carers or guardians should contact us at [email protected] prior to opening a Noveba Account.
4.6.2 We reserve the right to amend our eligibility criteria from time to time, without notice. We reserve the right to decline to open a Noveba Account without providing an explanation.
4.6.3 To open a Noveba Account, you must complete the account opening procedure set out on our online registration application. Once a registration application has been completed, the Administrator can access your Noveba Account to view your Profile and set up your Security Details. You must keep your Access Code, PIN and password safe at all times. See section 11 on keeping your account safe and for more details about preventing your password, Access Code and PIN from being known by others. Your Noveba Account will not be active and you will have no access to any Services on your Noveba Account until we have fully verified all the information you have provided to us.
4.6.4 To comply with applicable anti-money laundering legislation, we will require you to provide us with certain documents and information on the business itself, the directors, partners or other responsible officers, beneficial owners and the Users. You are responsible for securing any permission required from an individual in relation to the use and retention of their Personal Data by us to open and operate the Noveba Account. You can contact the Support Team for details of the information we require. We reserve the right to request such information and documentation we believe is necessary to continue to meet our statutory obligations at any time during which you hold a Noveba Account with us. If you do not provide the information and documents we require, we do not have to provide the Services to you or we may restrict the functionality and Limits on your Noveba Account.
4.7 Availability of our service
We endeavour to provide our service 24 hours per day, however the Service will be unavailable on certain occasions for essential maintenance. We make every effort to minimise any disruption to the Services during system maintenance and system upgrades, and all planned maintenance is scheduled outside of Business Hours. Furthermore, while we endeavour to provide currency conversion 24 hours per day, there may be occasions when this service is not available.
4.8 Noveba services are provided immediatelly.
In the event of delays or any problems with Noveba services we inform you about the reasons and recovery times
5.1 A User is any individual who is granted access to your Noveba Account by you. Each User will have a Role assigned to them and each Role has certain Permissions. The person opening the Noveba Account must be permitted to open it on behalf of the business and will automatically be assigned the Role of Administrator.
5.2 It is the responsibility of the Administrator(s) to select and appoint additional User(s) and must satisfy themselves as to the suitability and integrity of the individual(s) chosen for the Roles assigned to them. It is important to be aware that the Administrator(s) manages additional Users and has full power to administer and operate your Noveba Account.
5.3 The Administrator(s) is authorised to:
a) Set up and manage Users;
b) Create Permissions and manages Roles for Users;
c) Make payments on behalf of the Business.
5.4 You confirm and agree that any officer, employee, agent, representative or other person who has been approved as a User(s) by you has the authority to access and use your Noveba Account as defined by the Role assigned to them. Any instruction we receive from a User(s) shall be construed as an instruction from you and shall be binding on you. It is your responsibility to ensure that the User(s) is made aware of and abides by the terms of this Agreement. You shall be responsible for all actions by the User(s).
5.5 You authorise us to act on instructions received from a User, by email or any electronic communication through a telephone, website or computer and on such instruction, in line with Role Permissions:
a) We will be entitled (but not obliged) to act on such instructions and will not be required to enquire as to the authority or identity of the person giving or purporting to give the instructions, regardless of the circumstances prevailing at the time of the instructions;
b) We will not be liable if the instructions are lost, delayed or distorted in transmission or other matters beyond our reasonable control;
c) You shall be responsible to us for any loss, costs, damage or expenses that you or we suffer or incur as a consequence of acting on such instructions;
d) In the event that you have any right, claim or action against any User or any other person arising from their use of your Noveba Account, you shall pursue such right, claim or action independently of, and without recourse to us. You will be responsible for any liability we incur, including any damage, loss, cost, expense (including legal fees) from any claim arising out of you or any User(s) nominated by you or not complying with the terms of this Agreement and/or for any unlawful use of the Noveba Account by a User. This condition shall not apply to the extent that the User’s use of your Noveba Account(s) or non-compliance is as a result of us not acting in accordance with our obligations under this Agreement.
6.1 If you have opted to use a debit card(s) in conjunction with your Noveba Account, then this section is applicable to you.
6.2 We can issue you with a debit card. Debit cards will be issued to Users as per your instructions. We can only do this if you give a User the appropriate Role. It is the responsibility of the Administrator to furnish the Users with a copy of these Terms and Conditions. The Administrator must ensure that the User(s) complies with these Terms and Conditions and any subsequent amendments or replacement conditions.
6.3 By requesting an additional debit card, the Administrator thereby also authorises us to pass on information about the Noveba Account and debit card to a User.
6.4 We will renew your debit card(s) when your card expires and replace it when it is lost, stolen or damaged subject to payment of the relevant fee.
6.5 Debit cards remain the property of Noveba Limited and/or the issuing institution.
6.6 Delivery of the debit card/use of PIN
6.6.1 On receipt of the debit card, it must be signed immediately at the appointed place on the debit card. It is for your sole use or the sole use of the User to whom it is issued. A debit card or debit card PIN must not be given to a third party.
6.6.2 A debit card PIN will need to be set in your Noveba Account Web Application so that it can be used in retailers, online and in ATMs. This must be kept safe and must not be revealed to anyone else. See section 11 on security for more details about preventing your password, Access Code and PIN from being known by others.
6.6.3 If the PIN for the debit card is entered incorrectly three times in succession the debit card will be suspended. In such case you should contact us.
6.7 Cancelling your Debit Card
6.7.1 You can cancel a debit card issued on your account at any stage, but you must notify us by contacting [email protected] If in possession of your debit card, you must immediately cut your debit card into small pieces through the magnetic stripe and chip. You will not be able to use an existing debit card if we have cancelled it. You will need to ask us to replace it.
6.8 Term of the debit card
6.8.1 The validity of the debit card shall end upon expiry month printed on the debit card in the year stipulated on the card. You must destroy the debit card after it has expired as stated above in section 6.7.1.
6.9 Debit card purchases and withdrawals
6.9.1 You can use your debit card to access funds in your account. Your debit card is linked to your Noveba Account(s) so if you use your debit card in a currency in which you have a Noveba Account (sterling and euro), it must have sufficient funds. All other currencies will be converted to sterling. See the Fees section of the Website for more information.
6.9.2 If you use your debit card to make purchases online, you may be asked to provide extra security information to authenticate the payment. If you fail to provide the correct security information, your payment will be refused.
6.9.3 As soon as a transaction is authorised this cannot be cancelled. We will deduct the value of your transaction from the balance on your account. At the same time we will deduct any fees that apply to the transaction. See the Fees section of the Website for more information.
6.9.4 If a transaction is made using your debit card with PIN, contactless payment or by using 3D secure you agree that the transaction was made by you, unless we are otherwise informed the transaction was unauthorised as set out in 8.4
6.9.5 Some retailers will apply for a Pre Authorisation for a payment when you use your debit card (for example, if you hire a car or book a hotel room) In instances such as this, we will hold the amount of funds agreed by you and we will release those funds back to you when we receive notification to do so.
6.10 Spending limits on the debit card
6.10.1 There will be a maximum daily Limits on card usage. You can find details of the Limits on your Noveba Account in the Limits section of your Noveba Account.
7.1 If you use Direct Debits in conjunction with your Noveba Account, then this section is applicable to you.
7.2 Direct Debits are available on accounts and in the currencies as specified in the FAQ section of our Website. Direct Debits will be enabled on your Noveba Account by default in the currencies in which Direct Debits are available.
7.3 You may disable payments by Direct Debit on specific Noveba Accounts by logging into the Web Application and selecting the option to disable Direct Debits on a specific account.
7.4 To set up the Direct Debit, you must authorise a Direct Debit Instruction from the Originator (biller). The payment will be debited from your Noveba Account when we receive the request from the Originator’s bank for the payment. These payments can be one-off or recurring.
7.5 You must have sufficient funds in your Noveba Account to pay a Direct Debit payment. A Direct Debit payment will be returned unpaid where there are insufficient funds in your Noveba Account.
7.6 Cancelling a Direct Debit Instruction
7.6.1 Under the Direct Debit Guarantee Scheme, you may cancel a Direct Debit Instruction by logging into the Web Application and select the Direct Debit Instruction to cancel. A Direct Debit Instruction can be cancelled at any time. If you cancel the Direct Debit Instruction after the payment is made, we will not be liable to you or anyone else for any loss or expense which results.
7.6.2 When you cancel a Direct Debit, any agreement you have with an Originator does not change. We have no obligation to you or to the Originator to put in place alternative arrangements to pay money you owe the Originator.
7.7 Rejecting Direct Debit payments
7.7.1 To reject an individual Direct Debit payment, log into the Web Application before the Direct Debit payment is due and select the option to cancel this specific Direct Debit payment. Rejecting an individual Direct Debit payment does not cancel the Direct Debit Instruction you have in place with the Originator. You may only reject a Direct Debit payment, when it has been presented to us for payment and it is pending.
7.8.1 To request a refund of a Direct Debit payment, contact our Support Team at [email protected]. You may be required to provide supporting documents.
7.8.2 We have no duty to you in relation to goods or services supplied by an Originator.
8.1 Making Noveba Account payments
8.1.1 All payment (other than debit card and Direct Debit payments) instructions from your Noveba Account can be made on our Web Application. A User must have the appropriate Role and Security Details to authorise each payment instruction. We will not be responsible for incorrect payments made if they are in accordance with any instruction given by a User. A payment cannot be cancelled or reversed once it has been authorised by a User.
8.1.2 You can view a history of your account payments and the unique reference for each payment transaction by accessing the Transactions section of your Noveba Account.
8.2.1 All lodgements and bank (credit) transfers will be processed at regular intervals once the transfer details are received by us before the applicable cut-off time. If we receive a payment instruction after the cut-off time, or on any Non-Business Day, the payment will be processed on the next Business Day. Details of the cut-off times are available in the FAQs in the business section of the Website.
8.3.1 We shall not be liable for any Underlying Transaction between you and the party receiving or making the relevant transaction. Nor shall we be responsible or incur any liability for any incorrect transactions effected by us as a result of being provided with incorrect information, for example an incorrect sort code, account number, BIC or IBAN. In such circumstance, we will make all reasonable efforts to recover the funds involved in such transactions and we may charge our reasonable costs incurred in attempting to recover the funds on your behalf.
8.3.2 If we, in error, debit or credit an incorrect amount to your Noveba Account, we will, on discovering the error, make any necessary correcting entry on the Noveba Account without reference to you or the User(s). If there are insufficient funds in your Noveba Account to make the correction, we shall notify you and you agree to promptly repay such amount to us.
8.3.3 If your account is credited incorrectly by a third party, we are obliged, if requested, to share your payment details so that the third party can recover the funds directly.
8.4 Unauthorised payments
8.4.1 In case of an unauthorised payment, or a payment that was incorrectly executed due to an error by us, we shall immediately refund the payment amount including any fees charged in relation to it. This shall not apply in the following circumstances:
a) Where an unauthorised payment arises from failure by you or the User(s) to keep the security features linked to the Noveba Account or debit card safe, you shall remain liable for the losses incurred by such actions / mis-actions;
b) If there is undue delay in notifying us of any loss or unauthorised access or use of your Security Details or other event that could reasonably be expected to have compromised the security of the Noveba Account or debit card after you or the User(s) has gained knowledge of such event, in which case you shall remain liable for all losses incurred up to the time you notify us of the situation. We will normally consider that there has been undue delay on your part where there is a failure to notify us within 1 Business Day of the relevant information being made available to you or the User(s);
c) Where the transaction was unauthorised but where you or the User(s) have acted fraudulently, or compromised the security of the Noveba Account or debit card with intent or gross negligence in which case you shall be solely liable for all losses; or
d) There is a failure to bring the unauthorised or incorrectly executed transaction to our attention within 13 months from the date of the transaction.
All transactions are final and are not reversible save in the following circumstances and at our sole discretion:
a) where there is illegal activity involving your Noveba Account;
b) where we confirm there has been a Merchant error; or
In the case of any incorrect or misdirected payment, we shall take reasonable measures to assist you with tracing and recovering such payments.
In order to claim a refund for an unauthorised or incorrectly executed payment transaction on your Noveba Account you must notify us without undue delay after becoming aware of the unauthorised or incorrect transaction and in any event no later than thirteen (13) months from the date of the transaction (Support Team at [email protected]).
We reserve the right to charge you fees and expenses we incur in connection with such Refund and any actions undertaken for challenge the case.
9.1 To ensure the safe operation of the Noveba Account and debit card we will set transaction and service Limits at our sole discretion and these may change without notice. Details of the Limits that apply to your Noveba Account are set out in the settings section of the Noveba Account.
10.1 Standard Fees and Charges are set out in the Fees section of the Website and in the Fee document provided to you. Unless otherwise agreed, these form part of this Agreement.
10.2 We will deduct any applicable Fees and Charges from the Noveba Account as they are incurred.
10.3 If currency conversion is requested and available, the exchange rate is displayed (to four decimal places) on a real time basis on our Web Application. Rates may be aggregated from a variety of sources. There is no guarantee that the rates offered match any particular benchmark. Any change in an exchange rate will apply immediately and without notice. When you request currency to be converted, be aware the exchange rate may differ between the time you view the rate and the time you authorise the conversion to be processed. We will not be liable to you for any such change. The minimum amount which can be converted can be found in the Fees section of the Website. You must have Noveba Account(s) in both currencies to facilitate currency conversion.
11.1 It is your responsibility to ensure that you keep your debit card, Mobile Device, login details (login, password, Access Code and PIN) safe and secure at all times. In addition, you must take all reasonable steps to ensure that all Users keep them safe and secure. The Administrator(s) appointed by you has a critical Role in the overall security of the Noveba Account.
11.2 If any Mobile Device or debit card is lost or stolen, you should immediately log in to either your Noveba Account Web or Mobile Application and disable the device in the case of a lost mobile and set the debit card status to “blocked” in the case of a lost or stolen card. You should also contact our Support Team straight away.
11.3 If any debit card, Mobile Device belonging to a User(s) is lost or stolen, then the User(s) should immediately log in to either the Noveba Account Web or Mobile Application and disable the device in the case of a lost mobile and set the debit card status to “blocked” in the case of a lost or stolen card. The User(s) should also contact our Support Team straight away.
11.4 Any undue delay in notifying us may not only affect the security of funds held on your Noveba Account but may result in you being liable for all losses as a result.
11.5 If you or the User(s) knows or suspects any part of the Security Details are known by someone else, you should ensure that they are promptly changed and must contact our Support Team straight away.
11.6 If you or the User(s) is in doubt whether a communication or request from us is genuine, you should contact our Support Team at [email protected] If it is suspected that the Noveba Account has been accessed by someone else, or that any of the Security Details, debit card or Mobile Device has been lost or stolen, you should report the incident to the relevant authorities and report the incident.
11.7 If you or the User(s) identify fraud or any security threats on your Noveba Account, you should notify us immediately by contacting our Support Team at [email protected]
11.8 The Security Details are used in the following way:
a) The Password is used in conjunction with the user ID / email address to sign into the Web application;
b) The Access Code is used to authorise some actions;
c) 2 factor authentication is required for some actions;
d) Your debit card PIN is used to authorise CHIP and PIN card transactions.
11.9 Your Security Details must be treated as strictly confidential and you must:
a) ensure your computer, modem or any other device you or a User(s) use is safe, efficient and complies with any applicable standards and requirements;
b) carry out your own regular virus checks and firewall protection;
c) make your own contingency arrangements to cover system or operational failures or suspension;
d) follow the procedures and instructions that we give you from time to time in relation to a particular service; and
e) tell us as soon as you or the User(s) can if there is any failure, delay, malfunction, virus or error in the sending or receiving of instructions or any suspected fraud and assist in any remedial steps we propose.
11.9.1 We retain the right to refuse to process a payment transaction. We may also block a specific transaction if you or the User(s) debit card or Noveba Account is being used inappropriately/fraudulently or for security reasons. If we do, unless we are prohibited by law to do so, we will give you or the User(s) requesting the transaction notice of the refusal or block by email. If possible, we will provide the reasons for the block or refusal and where practicable, the procedure to follow to correct the situation or remove the block if the reasons for blocking no longer exist. You can contact the Support Team should you have any queries about the status of a payment transaction.
11.10 Noveba API:
11.10.1 We may make available to you our Application Programming Interface (‘API’), integration for compliance with provisions of PSD2 directive. Where we do, you shall comply with our documentation in connection with the integration and use of APIs.
11.10.2 You are prohibited from interfacing with the Noveba API in a way which we have stated is not permitted in the current version of our documentation or the publicly available documentation relating to the system.
12.1 Your Personal Data will be held, in accordance with applicable Data Protection Legislation with which we must comply.
12.2 Noveba.com represented by Noveba Limited (registered in the UK and authorised as an Electronic Money Institution by the Financial Conduct Authority) processes personal data independently. The Privacy Statement provides more detail on the measures taken to keep personal data safe.
12.3 For the purposes of providing our service to you we may share your personal information with contracted third parties e.g. banks and other firms external to us. Contracted third parties are obliged to ensure that your personal data is securely managed, at all times and will only use this data in line with our specific instructions.
12.4 In order to meet our legal obligations, we may share your personal information with authorities both within the UK and abroad to prevent money laundering, terrorism and fraud.
12.5 We will only process the Personal Data of the Users and such other persons identified by you, as part of a transaction or during the operation of your Noveba Account in accordance with the terms of this Agreement, specifically in accordance with the Privacy Statement. Our Privacy Statement is available on the Website. It contains details on how we use Personal Data, the privacy rights of individuals together with our commitments in relation to using Personal Data.
12.6 When sending a payment such as a credit transfer, Personal Data may be included in accordance with the requirements of the associated Clearing Network. This may include names, addresses and additional personal details of individuals including Users and other individuals in your business.
12.7 Accessing and updating your data
12.7.1 If your name or contact details change you must notify us. We will not be responsible if we fail to contact you because you have not provided us with your latest details. Data Protection Legislation provide you with rights with regard to your personal data. Details of these rights are available in our Privacy Statement.
12.7.2 Please read our Privacy Statement available on the Website for further details on our obligations and your rights.
13.1 Any complaints should be addressed to us in the first instance by contacting our Support Team at [email protected] . Your complaint will be handled in accordance with our complaints procedure, a copy of which is available on the Noveba.com website or can be provided to you upon request.
13.2 If the complaint is not resolved to your satisfaction, you may be eligible to use the Financial Ombudsman Service at Service Exchange Tower, Harbour Exchange, London, E14 9SR, United Kingdom. For additional details you may visit the website at www.financial-ombudsman.org.uk/ Some entities may be too large to avail of the Financial Ombudsman’s service.
14.1 You may close your Noveba Account with us at any time by contacting our Support Team at [email protected]. You must first withdraw the outstanding balance (if any). Once closed, your Noveba Account cannot be re-opened, but you can open a new Noveba Account.
14.2 We may close the Noveba Account or any part of the Service associated with it on giving you two months’ prior notice.
14.3 We may at any time suspend or close the Noveba Account without notice where you or the User(s):
a) breach any condition of the Agreement or any other condition applicable to specific services covered by separate agreement with us;
b) violate or we have reason to believe are in violation of any law or regulation that is applicable to the use of our Services;
c) we have reason to believe that you or the User(s) are in any way involved in any fraudulent activity;
d) process transactions or we have reason to believe that such transactions involve the making available or sale of content, services or products which are deemed by us in our sole discretion as being inappropriate, unlawful or potentially damaging to our reputation;
e) we reasonably believe that the Noveba Account has been compromised in any way or for other security reasons; or
f) we reasonably suspect the Noveba Account to have been used or is being used without your authorisation or fraudulently;
g) the account balance has gone into unarranged overdraft (including when the negative balance has emerged as a result of fees being charged) for more than 14 consecutive business days and/or any of the invoices raised by Noveba have not been paid in accordance with the terms stipulated in the invoice nor there is a sufficient account balance to offset the overdue invoice(s);
h) there is sufficient suspicion of activities taking place, such as (but not limited to): money laundering (including cases defined by the EU 6 th AML Directive), handling proceeds of crime, terrorist financing, tax fraud and evasion.
and in such circumstance we shall, unless prohibited by law, notify you prior to us suspending the Noveba Account, or if prior notification is not possible or practicable in such circumstance, then promptly after the suspension unless we are prohibited to do so by law.
14.4 Prior to closure of your Noveba Account, we will initiate the return of any funds in your Noveba Account to a nominated account through a Faster Payment or SEPA Credit Transfer, or SWIFT transfer, in accordance with your instructions. This condition may be invoked if there is a claim against these funds.
14.5 When closing your account, if you have any remaining balances, only after your consent, we can transfer them to the company's income if you are unable to withdraw them to your other account.
15.1 The Intellectual Property rights in all data, information, systems, processes or other material used by or developed by us for the purposes of providing the Noveba Account and Web Application or performing our obligations under the Agreement shall remain vested, or upon their creation vest, in us or our licensors. You and all Users shall use such material only for the purpose of receiving the Services, as contemplated by the Agreement.
15.2 The Intellectual Property rights and contents of the Noveba Account and Web Application are owned by us or our licensors. Reproduction of part or all of their contents in any form is prohibited without our prior consent. You will promptly notify us of any infringement or threatened infringement or of any challenges to validity or ownership of any Intellectual Property or other right of ours of which you become aware and will provide reasonable assistance to us at our expense, in connection therewith.
15.3 When using the Noveba Account Web Application, you must not perform any illegal actions or breach any applicable laws.
16.1 We will not be liable for any failure, interruption or delay in the performance of our obligations under this Agreement, in whole or in part, if such delay or failure is due to an event that is a Force Majeure.
Account Information Service Provider or AISP means a Payment Service Provider that with your permission can access your Noveba Account information such as accounts, balances, transactions and payees etc;
Access Code is the numeric code you assigned during the registration process to access the Mobile Application on your Mobile Device and to authorise some actions.
Account Mandate means our template account mandate form in which you authorise us to accept instructions from User(s);
Agreement means the legal agreement between you and us, and includes the Account Mandate, these Terms and Conditions, our Privacy Statement and Fees and Charges as are notified to you or the User(s) from time to time;
Administrator(s) means an individual authorised by you to access the Noveba Account as described in section 5;
ATM means Automated Teller Machine;
Business means an entity which has a Noveba Account with Noveba Limited;
Noveba Account(s) means one or more Noveba Account(s) provided by us used to access the Services;
Business Day means a day (other than a Saturday, Sunday or public holiday) on which we are generally open for business in the UK, where in relation to execution timeframes in respect of a payment to an account with another bank, a day on which the payee’s bank is also open for business. A Non-Business Day is any day which is not a Business Day;
Business Hours mean 9:00am to 5:00pm GMT on a Business Day;
Clearing Network shall mean an electronic clearing system in which payment transactions are exchanged among financial institutions, e.g. STEP2 SEPA Credit Transfer (SCT) Service, Faster Payments Scheme Limited, Bacs Direct Credit Scheme, SWIFT;
Customer means you, the entity which holds a Noveba Account;
Data Protection Legislation means Data Protection Act 2018, the Privacy and Electronic Communications Regulations 2011;
Direct Debit Instruction means an instruction from you to us, authorising a biller to collect variable or fixed amounts from your Noveba Account;
e-Money Wallet means an electronic wallet created by Noveba, to hold e-Money as a part of the Noveba Account functionality;
e-Money means an electronic payment product representing monetary value held electronically;
FAQ means the information on our services as provided on our website under the Frequently Asked Questions section;
Noveba API means the Noveba Application Programming Interface (“API”) and the related documentation, data, code, and other materials provided by us with the API, as updated from time to time;
Force Majeure means any event which is outside our reasonable control, including the unavailability or faulty performance of communication networks or energy sources, any act of God, any act or omission of governmental or other competent authority, strikes, industrial dispute, riots, war, civil unrest, revolution, act of terrorism, inability to obtain materials, embargo, refusal of licence, theft, destruction, denial of service attacks, unauthorised access to computer systems or records, programs, equipment, data, or Services, breakdown of plant or machinery, flood or other adverse weather conditions;
Intellectual Property means patents, registered designs, trademarks, service marks, design rights and database rights (whether registerable or otherwise), applications for any of the foregoing, copyright (including copyright in source code, object code, procedures manuals and related documentation), know-how, trade or business names and other similar rights or obligations, whether registerable or not in any country (including the United Kingdom and European Union) and all rights of a similar or corresponding character subsisting anywhere in the world;
Limits mean the transaction, service, lodgement, payment and withdrawal limits set by us at our sole discretion as provided for in section 9;
Mobile Application means the Noveba application available on the Apple App Store and Google Play Store;
Mobile Device means an Android or iOS device meeting the minimum requirements for the Mobile Application registered to the User of a Noveba Account;
Originator means a biller authorised to take payments from accounts using a Direct Debit Scheme;
Password means the secret word that must be used to access the Services;
Payment Service Provider means a company that offers payment, account and/or information services;
Personal Data means data relating to a living individual who is or can be identified either from the data; or from the data in conjunction with other information that is in, or is likely to come into, the possession of the data processor;
Permissions means the ability to perform a specific action in the Noveba Account;
PIN means the four (4) digit security code you enter when using your debit card;
Payment Initiation Service Provider or PISP means a Payment Service Provider that with your permission can initiate payments from your Noveba Account (please note this is optional and requires integration);
Pre Authorisation means a temporary hold of a specific amount of the available balance on your debit card when booking for example a hotel or car hire etc;
Privacy Statement means the Privacy Statement set out on our Website which sets out how we collect, use and share Personal Data;
Profile means all personal, entity and contact information relating to you, the Customer, including your Users;
Role(s) means the group of Permissions that can be applied to a User(s) by the Administrator(s);
Security Details means your business ID, password, PIN and the 2 factor authentication;
Services mean the services provided in accordance with the terms of this Agreement;
Support Team means the Support Team at [email protected]. The Support Team is available between Business Hours;
Terms and Conditions means these terms and conditions for Noveba Accounts as set out in this document and as amended from time to time;
Third Party Provider or TPP means either an Account Information Service Provider (AISP) which provides account information services only or a Payment Initiation Service Provider (PISP) which provides payment services only;
Underlying Transaction shall mean any contract or deal between you and the payee, e.g. for the supply of goods and/or services;
User(s) means each individual authorised by you to access the Noveba Account as per the Permissions set by their Role or any TPP authorised by you to access the Noveba Account;
You and Your shall mean you, the Customer, being an individual, partnership, limited partnership, limited company, charity, public authority or other entity (corporate or otherwise) or any TPP authorised by you;
Vulnerable Consumer means a natural person who has the capacity to make his or her own decisions but who because of individual circumstances, may require assistance to do so (for example, visually impaired); and/or has limited capacity to make his or her own decisions and who requires assistance to do so (for example, persons with intellectual disabilities or mental health difficulties);
We, Us, Our means Infobank24 Ltd;
Web Application means the web based application used to access the Noveba Account;
Website means our website available at https://gmwallet.com/en and its sub-domains.


Steve Liesman is CNBC’s Senior Economics Reporter.
Steve reports on all aspects of the economy including the Federal Reserve Bank and major economic indicators.
Steve joined CNBC from The Wall Street Journal where he served as a senior economics reporter covering monetary policy, international economics, academic research and productivity.
Prior to joining the Journal in 1994, Steve was the business editor for The Moscow Times, where, as the founding business editor for the country’s first English language daily newspaper, he helped create the publication’s stock index, which was the country’s first.
Steve has also worked as a business reporter for both the St. Petersburg Times in St. Petersburg, Fl., and The Sarasota Herald-Tribune in Sarasota, FL.
Steve holds a Masters of Science from Columbia University Graduate School of Journalism and a B.A. in English from the State University of New York, Buffalo.
Steve is an avid fisherman and speaks Russian.


Series: Any Relief for Mortgagees on the Issue of Lease Forfeiture? Part 1: Forfeiture for Breach of Covenant & Mortgagee Protection Provisions
Ask a lender to name their top three red flag issues when it comes to commercial property due diligence and, more likely than not, "lease forfeiture clauses" will feature in that list.
Forfeiture is a classic mortgagee red flag issue for good reason; most leases contain a clause which grants to the landlord the right to forfeit the lease (by re-entering the demised premises to terminate the lease) on one or both of the following grounds:
(a) the tenant has breached a covenant under the lease
(b) the tenant is subject to an insolvency related event
If a landlord forfeits a lease, relief from forfeiture can be sought; but if denied by the Court, the outcome is bleak for a mortgagee – the security for its loan will be lost. A mortgagee will therefore be justifiably nervous about a forfeiture clause in a lease when looking to charge that lease as security for its loan.
This is Part 1 in a series of three posts on REFlections from the Riverbank examining issues faced by mortgagees in the context of lease forfeiture. Along the way, we will also consider certain mitigating measures that can be taken by mortgagees who wish to take security over such leases in lower risk scenarios.
Parts 1 and 2 will be based on the more straight-forward scenario of taking security over a commercial capital value head lease at a peppercorn rent. Part 1 will examine forfeiture by the landlord (the freeholder) for breach by the tenant of a lease covenant or condition, and the importance of mortgagee protection wording; Part 2 will consider forfeiture for tenant insolvency and the different forms of relief from forfeiture which can be sought from the Court.
Part 3 will examine the more complex scenario of taking security over an underlease where the superior lease contains forfeiture provisions, and will consider the consequences for a mortgagee of a subordinate lease where the superior lease is forfeited.
Forfeiture for Breach of Covenant or Condition
There are very limited circumstances in which a landlord is entitled to forfeit a lease in the absence of an express forfeiture clause. A landlord has an implied right to forfeit only where: (i) the tenant breaches a condition of the lease (as opposed to a covenant); or (ii) the tenant denies the landlord's title. An example of breach of condition is where a tenant fails to make payment of rent, and payment of rent is expressed to be a condition of the lease. Accordingly, and to avoid doubt as to the circumstances in which a landlord may forfeit the lease, forfeiture clauses are a standard inclusion. In light of the above legal principle, the clause will generally be worded to grant to the landlord the express right to forfeit for (amongst other things) breach of a tenant covenant.
Mortgagee Protection Wording in Commercial Leases
Where the lease in question has been taken as security by a lender, forfeiture is clearly problematic. If a landlord exercises its right to forfeit the lease (whether rightfully or not), at that point in time the lease, and any interests deriving from it, come to an end. Thus, the mortgagee has lost its security. Setting aside the matter of applying for relief from forfeiture (which will be examined in Part 2 of this series), what a mortgagee requires here is the ability to step in before the lease is forfeited, to have the opportunity to remedy the breach. (Note that in this context we are only considering commercial leases, as there are specific statutory limitations which apply to a landlord's right to forfeit a long residential lease).
Any commercial lease to be taken as security should therefore contain a mortgagee protection clause, which qualifies the landlord's right to forfeit to give the tenant's mortgagee this opportunity. Mortgagee protection provisions should require the landlord to notify the tenant's mortgagee in the event of breach of tenant covenant, giving the mortgagee a period within which to remedy the breach prior to the landlord re-entering the premises or commencing forfeiture proceedings.
Whilst this is the ideal scenario (and any modern capital value lease should contain such wording, in contemplation of the lease being taken as security), we do not, of course, live in an ideal world. A mortgagee may find itself in a position where it was not properly advised at the time of taking security, and now has on its hands a leasehold security interest which could be forfeited at any time without warning. Alternatively, a mortgagee may be looking to take security over a capital value head lease in a scenario which is inherently "lower risk" – this would be where the relevant lease is at a peppercorn rent and forms part of a large portfolio of properties to be taken as security, which is otherwise acceptable to the mortgagee. A mortgagee in this context may understandably be reluctant to simply walk away from the deal.
In all cases, a mortgagee should seek specific legal advice on the forfeiture point. A suitably experienced legal advisor should be able to advise the mortgagee on the nature and level of the risks involved, and whether there are any measures which could be taken to reduce its level of exposure in an appropriate situation.
As is increasingly becoming a first-resort solution to a host of property "defect" issues, indemnity insurance is one such protective measure. Many underwriters today will offer terms for mortgagee-only insurance policies, to cover losses arising from a landlord exercising or attempting to exercise its right to forfeit a lease without having first notified the mortgagee and given it the opportunity to remedy the breach. Depending on the level of risk assessed by the underwriter, the premium payable under such a policy may be lower than expected. This can be a convenient way for a mortgagee to lower its level of exposure.
Another solution is for the lease to be varied before security is taken over the lease, in order to rectify the forfeiture clause to include suitable mortgagee protection wording. This may seem like the best possible solution for any lease with unsatisfactory forfeiture provisions; however, one must proceed with caution. If an approach is made to the landlord to rectify the forfeiture clause, but rectification is denied or not achieved for whatever reason, this may in itself disqualify the mortgagee from obtaining indemnity insurance, in circumstances where insurance may otherwise have been available.
As the saying goes, prevention is better than cure, and this is certainly true in the context of lease forfeiture. However, in many cases, prevention is simply not an available option. The law surrounding lease forfeiture is complex, and a well-advised mortgagee must proceed with caution. It is crucial that any mortgagee looking to take security over a leasehold interest obtains suitable legal advice, in order to assess the risks involved and the best way forward.
In the next two parts of this series, we will delve into some of the more problematic forfeiture scenarios and consider how mortgagees can best navigate these often treacherous waters.


Helen Long was a philanthropist and longtime parishioner of St. Luke’s Memorial, Tacoma whose generosity supported many charitable organizations, including local hospitals and Annie Wright School. In 1975, Helen’s trust provided a bequest for the Diocese of Olympia’s Episcopal Fund for the Aged and was used to help the diocese establish and fund what became Episcopal Retirement Communities (ERC). In the ‘90s, ERC set up and began operating two residences, helping to meet the growing need for affordable senior housing.
Across the country, the general population is ageing. According to a report by the Pew Research Center, nearly 10,000 people are retiring each day, four million every year, creating a need for senior housing that is destined to grow. Of those over 62, roughly 30% are postponing retirement – 60% of those individuals retire after 65 and 26% retire after 70. The average American retires at age 63, and their retirement typically lasts 18 years. In order for a retiree to draw $5,000 per month for 30 years of retirement, an individual needs to have over one million dollars in savings. The average 50-year-old has saved just under $43,000 and 55 to 64-year-olds have an average 401(k) balance of just under $178,000. 20% of Americans tap into their 401(k) assets early, either through a loan or withdrawal, and 36% of American adults over 65 are completely dependent on Social Security. 63% are dependent on Social Security, relatives, friends, or charity at age 65.
This segment of our society faces immense housing affordability challenges. At $5,000 to $6,000 a month for independent living in for-profit facilities, it is not hard to imagine the potential concerns of seniors without extended family support.
ERC currently operates two communities. St. Andrew’s Place is an assisted living facility in Port Angeles and Canterbury Manor is an independent living facility in Bremerton. What they have in common is high quality and affordability, serving seniors of limited means. For example, St. Andrew’s Place is the only Clallam County assisted living facility that accepts seniors on Medicaid upon admittance. No one has ever been asked to move out of either for lack of funds.
ERC hopes to expand the reach of their mission by building additional communities as opportunities present themselves. Another building is on the drawing board in Tacoma, an initiative brought to ERC by All Saints, Tacoma. The proposed building would provide more than 50 new affordable senior apartments on unused church land and new facilities the congregations could access as well.
Long-term, stable management is an asset, but the challenge is to continue to serve a low-income population’s housing needs cost-effectively in a world where real estate prices and other costs are rising. ERC’s major capitalization started and ended with Helen Long, so the organization has begun new fundraising efforts in order to grow and effectively meet the needs of a growing elderly population.
To find out more about Episcopal Retirement Communities, please follow the link below.


FREEDOM BY LAND ROVER FINANCE
The Freedom by Land Rover finance agreement is designed to get you in the driving seat of the premium vehicle you had previously only ever dreamed of.
Simply choose your Land Rover, agree on a deposit, set your monthly payments (based on your annual mileage) and the length of contract you require – and drive away today.
When setting your annual mileage you also agree to standard wear and tear, and we establish a value that the car will be worth at the end of the contract term (the “guaranteed future value”). If you decide to retain the vehicle at the end of the contracted term, you simply pay this agreed value.
Right now, with a $23,600.00 deposit, 35 monthly payments of $1,065.00, and a guaranteed future value of $50,166.00, you can drive away in your new Range Rover Evoque P200 R-Dynamic S. Just one of the many options available across the range.
At the end of the term, you can choose to retain your Range Rover Evoque by paying the guaranteed future value, or hand back the keys (subject to any excess charges). If your Range Rover Evoque is worth more than the guaranteed future value, you can use this amount as a discount on the latest Land Rover model of your choice.
Enquire about Freedom Finance
Range Rover EvoqueFind out more
*Image is not representative of offer. Available on Range Rover Evoque P200 R-Dynamic S. MRP of $94,400.00, with monthly payments of $1,065.00 over a 3-year term, with a deposit of $23,600.00 plus a final balloon payment (the Guaranteed Future Value) of $50,166.00. Total mileage of no more than 45,000kms over the term applies. A fixed interest rate of 8.95% p.a. applies. The total loan amount is $87,439.00. At the end of the term you can choose to keep the car, by paying the Guaranteed Future Value, trade it or return it (subject to T&Cs and excess charges). Offer excludes ORC. While stocks last at participating dealers on new Range Rover Evoque P200 R-Dynamic S. Not available in conjunction with any other offer. Lending criteria, T&Cs and fees (including an $262.00 establishment fee and $10.35 PPSR fee) apply. Neither Motorcorp Distributors Ltd nor its retailers are credit providers. Land Rover Financial Services are provided by Heartland Bank Limited which uses the Land Rover Trademark under license from Jaguar Land Rover Limited, who is the registered proprietor of the trademark. JLR224142


Auto Insurance FAQs
Dealing with the stress of a collision is hard enough without trying to figure out how your accident insurance works. Here are some answers to frequently-asked questions about insurance policies.
Will the insurance company guarantee your work?
We guarantee our own work, but the insurance company does not have the legal right to guarantee a third party's work.
Who pays for repairs?
It depends on the circumstances. If you were at fault, but have comprehensive or collision insurance, the insurance company would pay the costs minus your deductible. If the other party was at fault, their insurance company should pay.
Do I have to accept the insurance company's appraisal of damage?
No. Check the "Appraisal Clause" in your policy if you have differences with their appraisal. It allows you and the insurance company to gather an opinion from an appraiser you both agree upon, or a third-party "Umpire" if you cannot agree.
Do I have the right to a rental car?
If you have purchased rental car coverage and were not responsible for the accident, you may seek reimbursement from the insurance company or, if another driver was responsible for the accident, their insurance company. If you do not have rental car coverage and were responsible for the accident, you have no grounds to ask for reimbursement. If the other driver was liable, you can generally seek reimbursement from their insurance company.
Who do I call to file a claim?
Reach out to your agent or insurance provider. If someone else is liable for your damages, it's essential to also get in touch with their insurance agent or company. The assigned adjuster will then guide you on any further necessary actions.
What does my policy require me to do after an accident?
Inform your insurance provider about the accident's details, including the time, location, and circumstances of the incident. Provide the names and addresses of individuals injured in the accident as well as any potential witnesses. Collaborate fully with the investigation process. Lastly, acquire or grant authorization for your insurance company to secure necessary documents, medical records, and relevant information.Want more information on your rights? To make an appointment, call us at 717-393-1200 or make an appointment online!
I had HNH fix a stretched metal/dent issue on one of my car doors. As someone who considers themselves a perfectionist, I can say these guys absolutely delivered. Attention to detail was considered in every way. I had put off this repair for several months as I was concerned of subpar bodywork. I am so thankful I chose HNH for my repair as everything looks perfect and I would absolutely recommend them to anyone.


What is an expense account – An expense account is an account that you can set up with CPS where you deposit funds and CPS uses those funds to pay for you permits. Please see the link below to send the request to CPS for approval. When your expense account balance gets low you will get an email alerting you that the balance is low.
The Expense Account works as follows:
1.) Your company provides CPS with a check that is deposited into an expense account.
2.) These funds are then used, as needed, to pay for your submittals, pick-ups, NOC recordings, etc. – covering all the services you require.
3.) Your company will be responsible for replenishing your Expense Account (by providing our company with a check, or by mail) when your balance is low.
Payment Link – Also you will find a payment link below where you can pay for your permitting fees as they come in from CPS.


We accept all major credit cards:
- American Express
We also accept PayPal payments from "verified" PayPal accounts.
You would make your payment selection on the check out page of your quote.
If you are using a major credit card be sure to enter the correct BILLING address for your credit card. This is the address that you supplied to your issuing bank.
If you are using PayPal, you will be redirected to their site to pay. Once you send your payment, the order is submitted.
Please note that all pricing and payments are calculated in US dollars.


Tenants at the Menai Centre include Debenhams, River Island, H&M, JD Sports and Superdrug.
The adjacent multi-storey Dean Street (Menai) Car Park was included in the sale. The car park has 417 parking spaces, and is held on a 150 year lease from Gwynedd Council.
We recommended and executed a range of pre-sale asset management initiatives to create the most marketable investment product and maximise potential sale proceeds. The formal marketing campaign to dispose of the property began in October 2012, with a quoted price of £15,350,000.
After a series of offers and an aborted negotiation, we secured an increased offer from an institutional investor in November 2013. We finalised Heads of Terms, and oversaw the transaction through to exchange of contracts and successful completion in January 2014.
The sale price was £16,000,000, reflecting a net initial yield of 8.03% on the Menai Centre, after allowing for income shortfalls due to vacant units.


We are able to receive financial donations through the Friends of DCM. Any monies received play a large part in maintaining Dales Countryside Museum as a great visitor attraction and a comprehensive record of life in the Yorkshire Dales.
To find out more about how we use donations, see our 'How your donations are used' page.
Make a donation
You can make a financial donation by sending a cheque, payable to 'FDCM' or 'Friends of the Dales Countryside Museum', to the address on our contact page.
Alternatively, you can make a donation online via PayPal by entering the amount you would like to donate and clicking on the image below. This will take you to a page on the PayPal website where you can pay using credit or debit cards or through a PayPal account.


Let's be honest about it... we all love it when we go to the front desk for the final act of our appointment - the inevitable payment - get our private health fund card out and hand it over to get our rebate.
After all, that's why we give those health funds large amounts of money every month...
But there's more than just money to HICAPS, Australia's best-known health claims and payments service.
When "approved" flashes on the screen of the terminal, it means that the person who provided the service you're paying for is registered with HICAPS. In turn, HICAPS will only register a provider if they got the OK by Medibank Private.
This health fund is somewhat of a gatekeeper in the health industry - and it has been very strict with registering massage therapists because the industry is rife with people with dubious or limited qualifications.
Today Medibank Prive will need proof that a therapist is qualified at least at Diploma level - and sometimes even that is not enough.
At our Centre we make it a policy of only having therapists with at least a Diploma of Remedial Massage - but several of our people have a wider range of qualifications. All our remedial massage therapists are registered with most health funds (with a few exceptions - check at the time of booking) although some funds have chosen not to work through HICAPS, and for them we'll have to give you a receipt for you to claim directly.
Go to the HICAPS site where you'll find an up-to-date list of health funds offering rebates through HICAPS.
So, when you get your rebate at the end of a massage with one of our therapists, enjoy the extra money - but also the confidence that comes from knowning your body has been in the hands of a fully qualified massage therapist.


Centrum Alternatives is an India centric, multi-asset alternative investment platform focussed on private debt, public equity, venture capital and real estate. Our solution oriented approach to investing is centred on providing companies with the right capital structure backed by in-depth knowledge of industries and strategic value creation.
Our investors are both Indian and global. We offer solutions that include funds as well as managed and separate accounts to family offices, foundations, endowments, pension funds, fund of funds, corporate institutions and sovereign wealth funds.
India is our geographic focus as we believe the opportunities are immense and long-lasting. Our people have extensive investment and operating experience across economic, financial and business cycles, with expansive networks and deep understanding of industries and companies in India. This gives us an edge in going beyond providing capital and bringing strategic and operating value enhancement. Our culture and ethos is built on nurturing our talent, relationships and thought leadership in everything we do.
As a multi-asset alternative investment platform, we manage multiple strategies across private debt, public equity, venture capital and real estate. While the focus for each strategy may vary, what unites the team at Centrum Alternatives is our shared values.
We uphold personal integrity and transparency. We are clear about our commitments and act uncompromisingly to earn the trust of our stakeholders.
We believe in good citizenship. Where and how we invest, can have a long lasting and positive impact on businesses, employment and the broader society.
We are meticulous in our decision making approach. Our conviction comes from rigorous research, thought leadership, market insights and experience.
We consider that leadership in our actions entails good character, capability, work ethic and teamwork. We inspire our peers and stakeholders to act and think as leaders.
Investment Philosophy and Approach
By adopting a solution oriented approach to investing, we have embraced a partnership model to developing long term relationships with our investors, portfolio companies, intermediaries, other market participants, and team members.
Rigorous risk management
We aim to generate attractive risk-adjusted returns for our investors across strategies. We do not pull back from complexity as this may create market inefficiencies and opportunities. At the same time, we are rigorous in our assessment of risk and in deriving structuring solutions to mitigate those risks.
Our integrated team approach leverages the expertise of the broader multi-strategy platform for domain and functional expertise. Based on a fundamentals-driven philosophy, we combine top-down research with rigorous bottom-up company analysis and due diligence to create unique investment solutions.
Focus on key value drivers
We will invariably bring significant value accretion to our portfolio companies by helping focus on the key value drivers of the business and by working alongside with management. We are clear about our exit strategy and align with our portfolio companies to achieve our targeted returns over the expected holding period.
Centrum Group Leverage
Centrum Alternatives is the alternative investment management arm of the Centrum Group. Founded in 1997, Centrum has steadily grown from a merchant bank into a diversified financial services organisation offering a variety of services to institutional and individual clients.
By partnering with professionals with relevant experience, Centrum has established successful businesses in investment banking, wealth management, stock broking, insurance, SME & micro finance, affordable housing finance and alternative investment management. Centrum Alternatives benefits from the broader platform through enhanced deal origination, insights and research, and credibility of a trusted financial institution.


Financial matters is the hardest part of freelancing for many people. And for me, too. It can be a real nightmare, because your income can change month after month. Hopefully this will be a good change, but there will also be slow periods with almost no work and thus no payment coming in.
I am still learning to manage my finances. The fact that I am a registered individual entrepreneur motivates me to keep the budget and not spend all the money at once (though at times I do feel like spending it all on shoes, makeup and other absolutely necessary things ;)) So here are my financial tips or rather lessons that I've been taught. Please feel free to add yours in comments!
1. Before you set your rates:
- Count your expenses. I mean count how much money you need for food, clothing, any loans/debts that you may have to pay + taxes, insurances etc.
- Then you need to think about professional costs - new equipment/software, membership payment in any professional organizations etc.
Then you will know the minimum that you need to earn. I count the expenses on a monthly basis, but you can choose counting them week by week etc. That will help you not to set your rates too low.
2. Market, market, and market your services. Marketing is a key element that helps you to break the feast and famine cycle. Marketing may include:
- attending networking events, both online and offline;
- social media marketing;
- direct advertising;
- telling your friends you need more work. I am so thankful for my friends! As soon as they learned that I went freelance they were the ones who provided me with work, gave advice and helped as much as they only could! I am very thankful to them. They introduced me to some clients with whom I've been working occasionally since then.
- I think one of the best ways to avoid the feast and famine cycle is to deliver excellent work every time. It's a vital part of your marketing when you show by actions that you are as good as your website says you are (or probably even better!).
4. Make a budget. I do it in a simple way: I make a 2-column chart. In the first column I have my expenses for a given month and in the other column I list expected payments and their dates. That helps me to see how much extra money I have, because there are always items on my wish-list. Besides, it's always nice to have some money set aside for holidays, gifts for friends etc. ;)
5. After you made your budget the next important thing is stick to it! Everybody hates unexpected costs, though some of them are inevitable, but do your best to stick as closely to your budget as possible.
6. Do your best to set some money aside in case something unexpected happens and you need money! People always hope nothing will happen, but life is life...
7. Do your best not to take any loans. In my case, this has not always been possible. But I have always done my best to keep my credit history spotless.
8. If possible, hiring an accountant would be a good idea. I am actually thinking about it, but I am still not sure I need an accountant on a permanent basis. I do use the help of a professional accountant at the time when I need to fill in my tax declaration at the end of the financial year.
9. One of my greatest concerns has always been insurance. I don't have professional indemnity insurance yet (Russian insurance market is different and insurance policies are different, too. But I am looking for a suitable variant). I do send some money to the Pension fund every quarter to make sure I won't die of hunger when I get old. Besides, I have insured my daughter. She is going to get a substantial sum of money when she finishes school and needs it for her higher education, plus she's insured in case (God forbid!) something happens to her parents. The monthly payments I have to make are fairly small, but at least I am more or less calm and sure that my child will have an easier life than I had during my university years.
10. As a little bonus, here is an article in FreelanceSwitch blog about personal finance apps that can help you create a budget and stick to it. Hope you find it useful!
Dear colleagues, how do you manage your finances? Were my tips helpful? I am looking forward to your comments!
I'd like to remind you about the contest that we are running at Sharp End Training Russia. A simple tweet or Facebook "like" can make you a winner of our Complete Blogging Toolkit for Translators! It's a wonderful opportunity! The final countdown will start very soon, so don't miss your chance! You can read more here.


Bob Littledale has held a PPL since he was 21 years old and joined the PFA in 2001, having retired from the post of Finance Director of CSE Aviation. He responded to an appeal from the Association for help with financial advice in 2006, becoming its Treasurer the same year. He retains that post today but in 2007 added the duties of Company Secretary.
He has sole responsibility for the detailed oversight of LAA finances which produces a large workload before and during audits and during budget setting. The Association has the greatest confidence in his good advice and judgement and the huge amount of work he does both as Treasurer and Company Secretary.
He still manages to find time to fly his own light aircraft and answer the host of questions the Board members’ ideas and proposals generate.


Great Tips for a New Jersey First Time Home Buyer
Buying a new home is a crucial decision and if you are a New Jersey first time home buyer, then the following tips should help guide you. One of the few tests that you can do online to check whether you are financial ready is the affordability calculator and mortgage calculator. This will allow you to gauge where you stand financial with regards to the most suitable mortgage option.
Owning a house is a huge responsibility that offers great rewards. To achieve that, you must undertake proper planning and budgeting ahead for expenses. Also include the following costs in your monthly budget including; property taxes, home insurance, membership fees and property maintenance. Some of these fees are usually included in your mortgage payments while some are not, hence you should ask for more information regarding how these fees will be paid.
It is obvious that a buyer’s credit history also affects the home buying process as it influences whether or not you can get a good mortgage deal. Lenders are usually concerned about this particular detail as it shows them how well you repaid the money had borrowed. In general, lenders believe in giving mortgage products to people with higher scores since they have a higher chance of repaying the loan.
You will also need to pay a certain amount of money up-front to show your interest in the house so that you can get a mortgage. Actually, the initial money you pay for a down payment will also determine which mortgage you get and also your interest rates. A New Jersey first time home buyer who can contribute his own funds towards purchasing a home is considered a much better general credit risk.
You have probably started making a wish list containing all your expectations for the new home. Whether it is a good neighborhood, interior layout or number of bathrooms and bedrooms, there are a lot of things to consider. You should compile a list of all your requirements and then compare prospective houses to the list.
Arguably one of the most crucial features that first home buyers should consider is the location of your home in New Jersey. This is important since it influences the distance you will commute daily to work and also your proximity to shopping malls, churches, and other recreation areas. You should also check the quality of local public schools within that location.
The next step is now to find the most suitable home, and you can choose to do this yourself, but getting help from seasoned professionals could be quite beneficial. First identify the town that suits your requirements and then look for houses in those specific towns that are affordable and are within your budget. Some of the resources that you can use to find your house include websites, newspapers, and looking at “for sale” signage in targeted locations and also talking to acquaintances.
When you attend any open house, you should be very well prepared since this is an essential sales tool used by homeowners to market and try to sell their homes. Hence, you should bring your map and notepad to mark down all the locations you visit, noting down any special features. You should also pace yourself and avoid visiting too many open houses at once since you are likely to become biased and thus miss out on important details.
If you plan to checkout many houses, ensure you take breaks in between. For instance, you can view 3 houses before taking a break for lunch and then 3 more afterwards before taking another break and then seeing the final 3 houses in that day. Bring your camera with you and take pictures of any houses that catch your attention and also ask all the questions you can think of. Keep in mind that no question is foolish when it comes to buying a home.
Sometimes it is recommended for a New Jersey first time home buyer to take part in homebuyer counseling before making the final decision. Even though most loans are quite straightforward, going through counseling prepares you for the entire buying process including getting the best home, selecting a neighborhood, various mortgage terms and types and also real estate jargon.
Once you have found a suitable home, then it is time to make an offer. Experts recommend retaining an attorney for this particular step to help you negotiation terms, draft the purchase agreement and help you get the most suitable mortgage. Ensure you include contingencies and provisions in your offer to protect yourself from unscrupulous sellers.
Doing a home inspection before making a decision is vital for ensuring you get value for your money. Even though, you can inspect the house yourself, having professionals inspect and asses the house will assist you in finding out whether you are getting a good deal or being ripped off. The professional inspector will thoroughly assess the quality of the house and tell you of any necessary repairs or potential problems. This inspection service is usually affordable and will also save you money by preventing you from buying faulty properties.
As you now apply for your mortgage, you should do a title search to verify whether the seller is the true owner of the property in question. This search will also tell if there are any existing claims on your soon to be home. If you find any claims, your seller must pay them before you can close the deal. Additionally, you also need to buy title insurance and homeowners insurance before closing. Other important tests during this period include a survey, flood search, septic certification, well testing and termite inspection.
Finally, you can make the closing costs and then sign your mortgage. The seller will now hand over the title deed, and this transaction is going to be recorded in the local County Clerk Office. Once you have completed the short closing process, you are officially the new owner, and you can move in to your new home at your earliest convenience.


Lundin Gold Inc. (the “Company”) is committed to the highest standards of openness, honesty and accountability that it various stakeholders are entitled to expect.
The Audit Committee of the Board of Directors of the Company has established these procedures for the receipt, retention and treatment of complaints or submissions regarding accounting, internal accounting controls or auditing matters, as well as other corporate misconduct and breaches of the Code of Business Conduct and Ethics or the Anti-Bribery Policy. Like the Code of Business Conduct and Ethics and the Anti-Bribery Policy, this Whistleblower Policy is designed to encourage ethical behaviour by all Lundin Gold employees, including employees of Lundin Gold’s subsidiaries, and provides details and procedures for submitting a Complaint.
Anyone may file a complaint using the general complaint procedure by mailing it to the Corporate Secretary, Lundin Gold Inc., 2000-885 West Georgia Street, Vancouver, BC Canada V6C 3E8. The Corporate Secretary will forward the complaint to the Chair of the Audit Committee. A general complaint may also be sent by email to email@example.com.
In addition to the general complaint procedure set out above, an employee of the Company may submit a confidential, anonymous complaint regarding a questionable accounting or auditing matter by mailing of delivering it in a sealed envelope marked and addressed as follows:
Confidential Employee Concern
Chair of the Audit Committee
Lundin Gold Inc.
2000-885 West Georgia Street
Vancouver, BC Canada V6C 3E8
Additionally, an employee may submit a matter confidentially through an independent website, EthicsPoint. Such reports may be made anonymously or on a named basis, at the option of the employee. In order to submit a matter via the website the employee will need to follow directions for creating and submitting a report, which are contained on the website located at:
Contents of Complaints
To assist the Company in the response to or investigation of a complaint, the complaint should contain as much specific, factual information as possible to allow for proper assessment of the nature, extent and urgency of the matter that is the subject of the complaint, including, without limitation and to the extent possible, the following information:
- the alleged event, matter or issue that is the subject of the complaint;
- the name of each person involved;
- if the complaint involves a specific event or events, the approximate date and location of each event; and
- any additional information, documentation or other evidence available to support the complaint.
Following the receipt of any complaints, the Audit Committee will address each matter so reported, and corrective and disciplinary actions will be taken, if appropriate. The Audit Committee will determine the steps and procedures to be taken to address the complaint and whether an investigation is appropriate and, if so, what form such investigation should take (for example whether external investigators should be employed, the timing of such investigation and other such matters as are deemed appropriate in the circumstances).
The Company shall maintain the confidentiality or anonymity of the person making the complaint to the fullest extent reasonably practicable within the bounds of the law and of any ensuing evaluation or investigation. Legal or business requirements may not allow for complete anonymity. Also, in some cases it may not be possible to proceed with or properly conduct a complete investigation unless the complainant identifies himself or herself. In addition, persons making complaints should be cautioned that their identity might become known for reasons outside of the control of the Company. The identity of other persons subject to or participating in any inquiry or investigation relating to a complaint will be maintained in confidence subject to the same limitations.
Safeguards against Retaliation, Harassment or Victimization
The Company understands and acknowledges that an employee’s decision to report or raise a complaint can be a difficult one to make. Employees who raise serious concerns should have nothing to fear. The Company will not tolerate any retaliation, harassment or victimization (including informal pressures) and shall take appropriate action to protect employees who raise any complaint under this Policy in good faith.
Reporting and Retention of Records
The Chair of the Audit Committee will maintain a log of all complaints, tracking their receipt, investigation and resolution and shall prepare a summary thereof and present the same to the Audit Committee on a quarterly basis. Copies of complaints and the log will be maintained by the Chair of the Audit Committee in a confidential manner.
Records of any complaints will be maintained by the Audit Committee or its designee for a period of at least seven years.
This Policy will be distributed annually to all employees of the Company and will be published on the Company’s website.
Approved by the Audit Committee February 19, 2015


Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. The card is issued by PayrNet Limited pursuant to license by Mastercard International Inc. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (registration number 900594) for the issuing of electronic money ("emoney"). PayrNet is a wholly owned subsidiary of Railsbank Technology Limited and provides regulated financial services to Railsbank customers.
Welcome to your new online account management site
We have made several improvements. Here are a few things to note:
To get the PIN for a card, select the relevant Card Account from the home screen, choose the card, then hit “Get my PIN”
To move money around within your account, select the Account you want to move the money from, then use the “Move Money” option
You can return to the main home screen at any time by clicking “Your Accounts” from the menu at the top of the page


Monthly Donations to CFROG - Thank you!
This is where you help build the strong backbone for the work we do, which requires money to fund project appeals, research, outreach, public education, and yes, in some cases legal action to ensure legal compliance. This page will help you set up an ongoing monthly donation to CFROG. If you'd rather give a one time donation, click the box above that says JOIN & DONATE.
CFROG is a 501c3 organization.
Thank you for your support!


“Aftercare insurance or follow-up insurance” is a type of insurance that is usually used in a medical context. It covers the costs of medical treatment, care and follow-up after a specific medical intervention, surgery or medical procedure.
This insurance can be used to cover unexpected costs and expenses that may arise in connection with the recovery and healing process after medical treatment.
The exact conditions, scope of coverage and exclusions of aftercare insurance may vary depending on the insurance company and the specific medical procedures.
As an agency, we generally recommend taking out aftercare insurance so that you can have any medically necessary treatments after an operation abroad carried out in Germany free of charge. You will find various insurance providers for aftercare insurance on the Internet.
It is important to carefully review the terms of the insurance and possibly speak to an insurance advisor or medical subject matter expert to ensure you have a proper understanding of what is covered by the insurance.


Career Growth Story: Jay Hoffman
Building Gallery Systems
Hoffman began his career as a staff auditor at an international accounting firm looking to get the experience required for the CPA, but quickly realized that it wasn’t what he wanted to do long-term. He then went to a large insurance company where he worked in the real estate development group working on high-rise office buildings and hotels. In this role, Hoffman gained experience with project management, financial modeling, contract negotiation, financial projections, and reporting. It was a great foundation for his future endeavor of running his own business.
It was at the insurance company that he became the in-house computer guru, doing financial modeling and programming his own simulations. Hoffman decided at that point that he enjoyed working with software. Around that time, the chairman of the company he was working at donated money for computers and software to a large museum in New York. Because of Hoffman’s reputation as the computer guru, the chairman asked him to help the museum determine how to spend money. That was the beginning of Hoffman’s entrepreneurial journey and ultimately lead to the founding of Gallery Systems.
After his initial introduction to the museum space, Hoffman developed a software for museums that managed all functions related to collections. This software could support multiple types of museum collections including natural history, graphic, archaeological, and more. Functions included logistical tracking, documentation, digitization exhibitions, loans, and the ability to publish collections onto the museum’s website.
In the beginning, Hoffman simply enjoyed working on the software for fun, but then he realized there was a real opportunity to turn his passion into a business. The business was founded in 1990, but it wasn’t until 1998 when Hoffman decided to quit his day job and invest in Gallery Systems full-time. In 1996, Gallery Systems merged with another business and in that process took on an angel investor. The business kept growing and became a major player in their industry, but eventually, the angel investor was ready to exit. In 2012, Jay Hoffman decided to sell Gallery Systems to Volaris Group.
Choosing Volaris Group
Hoffman says that the reason he ultimately chose Volaris Group came down to the people. “Everyone seemed very smart, honest, and forthright, which seems basic, but my perception was that it was similar to how I run my own business. It comes from the top; you lead with your values. I could see the same approach with the people that I met from Volaris.” Because Hoffman had managed his own company for over 20 years, it was important that he felt comfortable working with a new team and reporting to someone. Hoffman explains that his experience reporting to a leader in Volaris was a “mentor-coach relationship” rather than a “boss-employee relationship.” This approach allows business owners and leaders to continue running their businesses autonomously, while still giving them guidance and support every step of the way.
Another very important factor for Hoffman was that the Gallery Systems identity and legacy would remain intact. By joining Volaris Group, the business maintained its branding, culture, and structure, while gaining access to a global software-focused community. Hoffman also wanted to make sure that his employees and customers would be in a good environment post-acquisition. He says, “I felt that my own personal reputation was on the line in a way. If things didn’t go well, it would reflect on me personally with the employees and the customers, most of whom had become friends. I wanted to know that the company was in good hands and things were not going to be mismanaged.” The buy and hold philosophy of Volaris Group provided Hoffman with the confidence that his business would be supported in the long-term, with focus on growth and profitability rather than the next sale of the business.
Today, Gallery Systems has grown to over 900 clients in 32 countries, museums, universities, as well as large corporate collections. Hoffman recently reflected on his past 10 years with Volaris Group since joining via acquisition. In his own words, here are the top three unexpected benefits from the process:
1. Networking Opportunity: “At Volaris Group, you have a built-in network of CEO’s and other business leaders. You get to know a lot of people who have extensive experience in the software world. Our community is constantly sharing lessons learned, best practices, and what has been successful for our businesses. If a project did not generate results as expected, we share what we would do differently next time. Every presentation I’ve seen within Volaris Group has at least one slide with lessons learned, and I think the approach helps us continuously learn and grow.”
2. Career Growth and Development: “I was in my 50s at the time Gallery Systems was acquired, and I wasn’t thinking about what my career progression would look like in the future. After the acquisition closed, I was laser focused on executing and continuing to run my business. But a few years after the acquisition, I was encouraged to start exploring acquisitions myself. I wasn’t necessarily looking to be thrown into a situation where I was meeting with and presenting in front of lots of people, but it was really a good growth opportunity for me. It took me out of my comfort zone.”
3. The Importance of Metrics: “Volaris Group has a great framework for benchmarking that we use across all of our business units. These metrics have been developed over many years after analyzing hundreds of acquisitions in the software industry. They provide valuable insights into business decisions and are very useful in keeping our company growing and financially healthy. Now, when we look to start a new project or initiative, we are thinking in terms of metrics and how this decision may impact our goals.”
Interested in becoming a part of Volaris Group’s Nonprofit portfolio? Our growth is just getting started! Connect with us today.


Faxi is delighted to announce that it will shortly be launching a payment facility within the app, in conjunction with Barclays Pingit, to enable financial contributions to be made to drivers and other Faxi users.
The Faxi map will provide cost calculations for the journey specified and customers will be able to make instant payments to other users via their mobile phone, so the cost of the journey can be shared.
Whether making payment contributions to a driver or sharing the cost of a taxi among other Faxi users, the new payment functionality makes journey sharing even easier, with everything available at the touch of a button.
Tony Lynch, Faxi CEO, said: “This new payment functionality is crucial to simplifying the journey sharing experience – we want as many people as possible to start sharing their daily commute and regular journeys with others, and to make it as easy as possible for people to do so. Faxi is adding in new features all the time and it’s just one more exciting step which makes Faxi the ultimate journey sharing app.”