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Bikes and Banking

Posted Oct 16 2008 7:16pm 1 Comment

Bike_commute_istock_000006065227xsm What do banks and bikes have in common? The controversial $700 billion financial bailout bill, which promises to help institutions reeling from the credit-crisis tailspin, also includes a few perks for the average green citizen. Beginning in January 2009, bicycle commuters will be eligible to receive a monthly $20 reimbursement for bike-related expenses from their employers, who can then deduct the expenses from their federal taxes. Exactly how employers will structure the incentive program can vary, so to help cyclists take advantage of the new legislation, the League of American Bicyclists will provide updates and tips in the " Frequently Asked Questions" section of its Web site. Even though there's no "billion" following the $20 reimbursement, advocates hope the measure will raise awareness of the benefits of bicycling. And as more commuters ditch their cars, bike sales are booming. Does this mean we'll see a rise in " bike-thru" banking lanes? 

Want to learn more? Read the text of the bailout bill here. Read the text of Bicycle Commuter Tax Provision here.

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The fact that we experienced the economic recession, it was hard to recover from the crisis. Let’s thanks to the government that help the banks in dealing with the problem. Well, from our experience, it isn't easy to get financing from banks, especially if you don't have perfect credit – and they don't want to finance anyone unless they're so rich they don't need any financing – and that's why some people look into installment loans for bad credit.  Installment loans for bad credit mean loans that come with a plan for multiple payments – and it could mean anything from a large-scale business loan or mortgage, to a short term loan to float you in between paydays.  There are online lenders out there – if you need a company that can direct deposit the funds quickly.  There are plenty of companies that offer installment loans for bad credit that you can apply for a loan through.
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