понедельник, 21 сентября 2015 г.

Advice on Overcoming Debt Problems

If you have debt issues you will need some advice on how you overcome those debt problems.

Here I will set out a schedule of good ideas to help you overcome a debt situation, which may enable you to become debt free without utilising a solution such as debt management or and IVA, or alternatively which can be used alongside those methods as a way of reducing your debt burden.

  1. 1. Cash in all your unused items. We all have piles of things we have bought that we either no longer use or we never had a use for in the first place. Get these sold online, in classifieds or at car boot sales. Use the cash to pay off your most expensive credit first. Do not buy more things that you will never use.
  2.  Use public facilities. Kids can swim free nearly everywhere now, an adult can join them for a £1. A double benefit here as well as spending time with the kids, you can get fit. Join a library and never have to buy a book again. Read all the best sellers for nothing.
  3. Cut out the takeaways and pizza deliveries. Make your own food it is cheaper and is fun.
  4. Always bargain. Everything has a price, but it is not always the one you see on the label. If you don't ask you don't get.
  5. Why always buy new. Second hand is a fraction of the cost and in many cases just as good.
  6. Unless your car will benefit do not buy "premium fuel". Savings of many pence per litre.
  7. Use online comparison sites for utilities and insurance and keep checking for the best rates.
  8. Switch breakdown cover for the best new customer deals.
  9. Try generic offerings sometimes instead of branded products. They are not always better but many times they are certainly no worse for very much less money.
  10. Get the best phone package you can and keep changing to keep current don't tie in too long as the market is always making new best deals.
  11. Think what your big ticket expenditure is. If it is the mortgage, check you are on the best deal you can be. If it is a car, do you really need it to be new. Can you afford a 30% dip in value simply for taking it off the forecourt.
  12. Pay your bills by DD, you get a discount.
  13. Don't over pre-pay gas and electricity. You tell them what you want to pay each month.
  14. Decide the difference between a want and a need.
Information provided by Steve Thatcher of Help With Debt (UK) Limited and total debt solutions company.
For all further reading see http://www.helpwithdebtuk.com
For personal contact email sthatcher@helpwithdebtuk.com
For Steve's thoughts see http://steves-debt.blogspot.com

If you have any debt problem whatsover either personal or corporate make Steve your first call all advice is free. Finally if in the UK and you need a friend to speak to call 01162171406 or 0808 160 5577

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воскресенье, 20 сентября 2015 г.

Personal Budget Guidelines

A personal budget helps you to keep financially on track and make sure that you are living within your means. Certain guidelines will help you to create an easy-to-follow budget that helps you stick to your financial goals and allows you to meet any unexpected expenses and reductions in your income.

These guidelines are:
  • Set your goals thinking in terms of short, medium and long-term. Include your financial objectives such as education goals, holiday, retirement, home purchase and more. Include these goals in your budget figures, setting money aside to achieve them.
  • Make a note of your income and record this in your budget. If you receive bonuses and unexpected income from time to time do not include this in your budget. Only include income that you are sure of receiving. Anything else can be used to clear debt, invest or make a purchase of a desired item that may not necessarily be an essential.
  • List all your necessary expenses ensuring that you include annual and quarterly expenses also. You will get these figures from your statements and bills. These expenses are added together and deducted from your income to make sure that you are living within your means and that you can cater for your goals and your living expenses.
  • Don't forget to include entertainment and other sundry expenses in your budget. These costs are the ones that can be changed if your budget is tight -- but you do need some recreational allowance. Keep a notebook of your spending if you are unsure of how much you actually pay out on miscellaneous items. You are likely you be very surprised at just how much you do spend.
  • Always put some money aside for investment. Build an emergency fund which should be able to cover three to six months of expenses. This will help you to cater for the unexpected and keep you in good stead should an emergency occur. It will help avoid having to take from your valued investments.
  • Concentrate on erasing debt and include a program of debt reduction in your budgeting figures. Any extra income that is received can be paid towards your debt -- things such as tax rebates, bonuses and other financial windfalls.
  • Review your budget on a regular basis. Adjust as necessary. This will keep you on top of your finances. Remember that your budget is not set in concrete -- it is a working document that helps you to control your finances.

Follow these guidelines for your personal budget and you will have a healthy financial future.


Lyn Bell has been in the finance industry for more than 30 years and is a Certified Financial Planner. She has helped many clients achieve their financial goals. Lyn invites you to receive a free report on ways to Cut Your Grocery Bill... this will help with your budgeting.

For tips to erase debt.

Please note this article does not contain specific advice and is for information/education purposes.

A disclosure statement is available free on request.

Author: http://EzineArticles.com/?expert=Lyn_Bell

Article Source: http://EzineArticles.com/6093035

суббота, 19 сентября 2015 г.

Deciding Whether A Payday Loan Is Right For You

Payday loans are often touted as a quick fix for a bad financial situation, letting you bridge the gap between running out of money and your next wage or salary coming in. The basic idea is that you can borrow a small amount of a few hundred dollars for a short period of a week or two, and repay the debt next time you get paid.

This sort of service can indeed be very useful if you've run out of cash for living expenses, or if you're faced with an unexpected bill or expense that you simply can't cover when you need to, but are payday loans always the good choice they're presented as?

First, we'll take a look at the undeniable advantages of these loans, before looking at the disadvantages, and possible alternatives you may be able to use if you decide a payday loan isn't right for you.

The lending criteria for payday loans are very generous indeed, and almost anyone who's employed and has a suitable bank account will likely be approved. This means that even people with terrible credit ratings should be able to get a payday loan, despite being rejected for nearly any other form of finance.

They are also easy to arrange, and you can often get the money in your account in a matter of days. Some lenders can even arrange an overnight transfer of the loan straight into your account the very next day, which is obviously very useful when you need cash in a hurry.

Finally, once you've been approved for your first loan, it's usually a very simple matter to 'refresh' your loan again if you find you need to make use of the facility if funds are again short in the future.

There are, however, two major downsides to payday loans which you rarely see mentioned in the advertisements and web sites promoting them. Firstly, they're very expensive compared to other forms of credit. Because the term of the loan is so short, a fee of 20% of the amount you borrow - which is about standard - will work out to be an eye-wateringly high APR.

The second problem is closely related: because they're so expensive, you can easily be left short of money the next month once you've cleared the loan and paid the fee. In this scenario, it's just too easy to refresh your loan again to cover the shortfall, resulting in more fees, and a never ending cycle of borrowing.

So, if you decide that a payday loan isn't a good choice for you, what alternatives do you have? The first one is making use of a credit card, if you have one. While credit cards are usually also pretty expensive forms of finance, they do allow you to spread the debt over a number of months rather than needing to be repaid straight away along with a fee.

Many bank accounts now offer an overdraft facility, which can also be used to cover a short term lack of money. The interest rate on an agreed overdraft is likely to be better than that of a credit card, but your bank may not approve your application. Beware of going ahead and overdrawing without your bank's agreement, as the charges they will levy in this case will be very expensive.

If neither of these options is available to you, and you have no other way of getting hold of money such as borrowing off family, then a payday loan may be the best option. Just ensure that you use it properly, and heed the warning sign it's giving you about the longer term state of your finances.


Martin writes on a large range of financial subjects, from payday loans and how to use them to identity theft [http://www.identity-fraud.org.uk] and how to avoid it.

Author: http://EzineArticles.com/?expert=Martin_Sumner

Article Source: http://EzineArticles.com/505474

пятница, 18 сентября 2015 г.

Instant Approval Payday Loans is Your Lifesaver

Unfortunately, life can throw expensive surprises at us at the least convenient times. If you are fortunate and have planned ahead, you can draw upon whatever funds you have stored for an emergency. The reality is, however, that few people have the luxury of choosing when to have a financial crisis. This is where a same day payday loan come in handy. A payday loan describes where one enters into an arrangement with any financial services provider for a cash advance, based upon a quick means test of your ability to repay the loan.

Lenders will typically require a signed declaration that includes what your weekly income, and the particulars of your employer. You'll also need to provide your own personal details, and possibly those of a friend or someone who knows you. You do not need to worry about a payday loan rejection due to your credit rating: Most lenders will not check your credit unless you default on a payday loan. One possible obstacle is that some lenders will only make an immediate deposit into an existing bank account, rather than actually handing you cash in hand, which could require up to three days to clear, depending on your bank.

A same day payday loan offered with instant approval will typically limit you to a fairly low maximum loan (usually between US$500 and $1500) and will attract a higher rate of interest than, for instance, overdraft, monthly credit card interest, or the rate offered by a pawnbroker.

The service offered by payday loan vendors is, in fact, quite similar to that offered by banks with credit and overdraft facilities: Both are based on an assessment of your ability to repay the loan with proven regular income. Since banks usually require a lower interest repayment and have a greater borrowing limit, one might consider taking this option if the cash wasn't required immediately. If, however, you can't afford to wait the few days it takes to be assessed, you have a poor credit rating, or your bank statements do not show proof of regular income, the convenience and availability of the offering from advance cash lenders will probably swing this option into favor for your particular needs.

There are a few things you can do to increase your chances of instant approval for a payday loan, after considering the arrangement from the lender's point of view. If you're filling out an online application, provide all that is necessary to convince the person assessing your loan application that you're a safe risk That means providing more than the minimum amount of necessary information where you can. If anything you provide an assessor with is questionable or difficult to verify, they'll be able to fall back on additional information you've provided them with, like references and employer details. If you're applying in person, take some care with your presentation. Do your best to use neat handwriting, and if you go into the lender's office in person, dress well. They are much more comfortable lending money to a well-spoken, well-dressed individual than someone with a bad attitude or who looks like they will have trouble paying back the short term loan.

A same day payday loan is an expedient way of getting an emergency loan. Regardless of your credit-rating, the only thing you need to do to secure a cash advance in the short term is provide ample proof that you are employed and that you have the income necessary to repay the loan within the agreed terms. While payday loans attract high interest compared to other methods of lending, they are also the quickest and most accessible way for most people to secure a loan on such short notice, short of leaving collateral at a pawnbrokers.


Want to learn more about getting a same day payday loan [http://www.more-info-on.com/same-day-payday-loan/]?

Visit my blog at [http://www.more-info-on.com] to get more information on just about every topic, including how to use the internet to finding payday loans asap.

Author: http://EzineArticles.com/?expert=Joseph_Pahl

Article Source: http://EzineArticles.com/556621

четверг, 17 сентября 2015 г.

How to Plan Your Budget

Payday loan is a type of loan that can be acquired quickly and easily. It provides everyone who has a job to borrow small amount of money to finance emergency and unexpected bills, car repairs, tuition fee, and grocery. Payday loan lets you have the money you need to survive until the next paycheck arrives. But if payday loan is available to virtually anyone, does it mean that anyone who fell short of cash before the next payday should use this service? Knowing that there are companies willing to lend you money when in dire emergency is good news but there is nothing better than a well-planned household budget.

Budgeting is very important. It puts you and your household expenses into the right perspective. It puts you on track of your financial obligations which in turn, provide you with the knowledge of your actual financial standing in the future. Budgeting makes you more responsible in handling your money. It prevents you from over spending and keeps you from borrowing money.

How to plan your budget?


Okay, budgeting is a headache but this headache, no matter how intense should be injured at all times. If not, you will end up short of cash before your next paycheck arrives. You see, many households that fail in planning their budget are spending more than they should have. In other words, they buy from money they don't have. Some still fail even if they have a good budget because they do not follow it. So, this is where you should begin. Know how much money you have, know where it all goes, and follow your budget strictly as if your life depends on it.

The best way to plan your budget is to list down all your sources of income and where all your money goes.

First, list down your income: your wages, bonuses, investment income, incentives, miscellaneous income, and every amount that comes in for one month. Take the total. Then, deduct from your total income all the taxes you pay from local and state income tax, Medicare tax, social security tax, federal tax, etc.

Second, list down all your expenses: fixed and flexible. Fixed expenses are those that remain constant each month. They are home, utilities, health and medical, investment and savings, and transportation expenses. Flexible expenses include food, entertainment and recreation, clothing, debt payments, pet (if there is any), and miscellaneous. The data may seem to be overwhelming but in order to plan your budget effectively you have to go through all these. Being able to know how much you spend from each of these will help you plan out your budget well.

Now, list down your home expenses. How much do you pay for rent or mortgage? How much do you pay for home improvements, home repairs, home maintenance, Homeowners Association dues, property tax, and homeowners insurance? All of these should be listed and should be accounted.

Compute your monthly utility bills: water and sewer, electricity, cable subscription, telephone (cell phone and land line) and internet. For transportation, compute your car maintenance, auto insurance, car payment, gasoline, tolls, taxis, subway, and bus expenses.

List down your medical or dental insurance and fitness fees. Investments and savings include college fund, bonds, stocks, mutual funds, 401K or IRA, emergency fund, and savings.

Since these are fixed expenses, you should be able to deduct them from your monthly income immediately. The amount that is left will be allocated to the remaining obligations including food (groceries and dinning out), clothing, pets (dog grooming, vet, and boarding), and miscellaneous including gifts, household products, toiletries, etc.

After doing these, you will see how much you spend against how much you earn. Here you will know if you are spending too much or less. If you spend too much, make some adjustments so that you only limit your expenses to what you earn, or less. The key to successful budgeting is allocating the right portion of your money for each financial obligation within the walls of your monthly income. Spending beyond your budget will put you into a great financial problem so make sure that you plan your budget properly and stick to it all the time.


For more information on payday loans please go to:

[http://www.safepaydayloans.com/payday-loans-help.html]

[http://www.safepaydayloans.com]

http://www.drnathaliefiset.com

Author: http://EzineArticles.com/?expert=Nathalie_Fiset

Article Source: http://EzineArticles.com/628576

среда, 16 сентября 2015 г.

Payday Loans: No Credit Check No Fuss Loans

Payday loans are the fastest and most convenient option for getting a cash advance for emergencies before your next payday. However getting payday loans and their repayments involve certain important aspects. Herein we are attempting to answer all your general queries related to Payday loans and we hope it will serve as a tool to open up any mystery surrounding payday loans or cash advance.

What Is A Payday Loan Or Cash Advance Loan?


We daily come across many loan types like housing loan, personal loan, and education loan. However, the payday loans are a new buzz in the market, and it is very popular. This loan is known by many names like "Cash Advance", "Paycheck loan", "Check loans", and "Payday advance loans". Let us understand what is a payday loan or cash advance loan and how and when it should be used for your maximum advantage. Payday loans are unsecured loans, which can be used for meeting your emergency financial needs and is paid back out of your next paycheck on your payday. Thus, payday loans are the shortest tenure loans among the other loans available in the market.

Are there any limitations on payday loan or cash advance loan usage?


Many a times we face a situation when we need money badly but feel like our hands are tied as our payday is still several days away. In such a scenario, we either have to shelve or defer our plan of purchasing something or go for a heavy interest credit card loan to meet the obligation. The requirement could be to pay up unexpected medical bills, your kid's school fee, to avoid bouncing of your issued checks or any other financial obligation. In such trying times, payday loans or a cash advance comes in handy. Thus, you can use this cash advance for whatever purpose. There is no restriction on the usage of payday loans.

Am I eligible to receive a payday loan or cash advance loan?


The best thing about payday loans is that they can be had even if your credit rating is not very good. The second best thing about payday loans is that taking a cash advance does not affect your credit rating. All you need to be eligible to receive the payday loans is to have a running checking account and a regular job.

How should I apply for a payday loan?


To apply for the payday loans, we would say it is easier to do than to say. You can apply for payday loans online using Internet. You may be required to supply some basic information such as your Name, Address, and your employer details. Some companies offering payday loans may ask for your Bank Statement or pay stub over fax. The documents required by these companies for payday loans are minimum in comparison to other types of loans.

What is the fee charged for payday loans?


Before applying for payday loans, we suggest that you scan 5-6 companies for the fees they are charging. Some companies offer payday loans without any fee for the first week.

How much cash can I get with a payday loan?


The amount of payday loans ranges from $100 to $1000 depending upon the repaying capacity of the borrower.

What is the length of payday loans?


Normally a cash advance is supposed to be paid back on or before your coming payday. Therefore, the maximum length of payday loan could be up to 30 days. However, some companies are flexible with respect to the loan duration as well. Payday loans can be extended until the next payday. This extension of payday loans however comes at a price.

How long does it take to get a payday loan?


Payday loans are much easier to get and in less time than other loans. After applying for a payday loan online, you will get a telephone call from the payday lender. After completing the small formalities, the cash advance will be credited to your checking account the next business day.

Does this mean I can enjoy my pay without waiting for my payday?


Before you jump for a payday loan, please note that the rate of interest charged for these loans are higher than other loans. Extending the duration of payment will only increase the fees charged. The payday loans or cash advance loan should be used very prudently and only for meeting financial exigencies that cannot be avoided. Please remember that getting a payday loan or cash advance loan too frequently could upset your monthly budget and you may find it difficult to get out.


At the A1 Payday Advance website you can apply for a payday loan with us, read news or articles about the payday loan industry or find other payday lenders to meet your needs. Visit our online payday loans [http://www.a1paydayadvance.com] site when you need a little extra cash. To receive the article by email simply send a blank email to:pl-no-credit-check@myarticleannouncer.com.

Author: http://EzineArticles.com/?expert=Steve_Cope

Article Source: http://EzineArticles.com/110680

вторник, 15 сентября 2015 г.

Fast Easy Payday Loan

Today I'm going to tell you about a simple and easy loan facility that will help you tide over short term financial difficulties, in case you ever land up in one. This is the fast easy payday loan facility.

As you know already a long term financial need can easily be handled by various standard and well known methods like loans from financial institutions, borrowing from your close friends or relatives or getting a loan based on a property etc. Here, we are talking about real short term needs and cases where you don't have any collateral or security to provide for the loan.

I'll explain fast easy payday loans to you in a simple manner. These are loans provided on a short term basis for small amounts to people to be repaid on their next pay day. These loans generally range from few hundreds to about a thousand dollars and generally the only security required is proof of a full time job or a fixed monthly income. You can consider them as a form of cash advance until payday. Now let us dive more deeply to look at the eligibility, interest rates and other details.

Payday loans are a well known source for short term loan and a lot of institutions are available to provide for payday loans in these places. You should ensure that you look for a reputed and a good source that provides fast easy payday loan.

Almost anyone who is above eighteen years of age and has a salaried job is eligible for a payday loan. You could even be out of job, and if you will be able to show a fixed regular income every month, you can still get a payday loan. These loans are generally for short term ranging from four days to eighteen days. The expectation is that the loan is until the borrower's next payday, which normally in countries like the USA is once in every two weeks.

The process to get a payday loan is very simple and straight forward. You have to meet a payday loan provider and provide simple details about yourself - like your name, address, your job details and your checking account number. There are also providers who provide a no checking account payday loan, where you can get a payday loan even if you do not have a checking account. Once your credentials are checked, which normally takes between 24 to 48 hours, the loan provider will provide you with a check for the loan amount and normally will take a post-dated check, dated for your next payday from you for the loan amount, the interest and other fees included. If you are in urgent need for the money, you might even find a same day payday loan provider who might be able to provide a fast payday advance and release the loan amount within twenty-four hours.

These days, easy online payday loan providers are present, who can get your details over the internet, sparing you from the hesitation and embarrassment of standing in the queue or meeting a loan provider face to face. In these websites, you will be able to provide the same kind of details mentioned above. You should provide the checking account details where the loan amount will be credited after the credibility check. Also you need to provide an authorization to the loan provider to deduct the loan amount and other fees and interest on your next payday and these will be debited from your account on the said day. You might even find a payday loan calculator in these sites which would tell you the amount of loan you are eligible for and the interest that you might pay. As you can see this makes the payday loan process real simple.

The interest rates for payday loans range from 15% to 30% of the loan amount. This will look pretty steep while calculated on an annual basis, but bear in mind that these loans are for short term and if you pay the loan amount on your next payday, you end up paying just a small fee. Finally, you should keep in mind that this fast easy payday loan facility is only for a short period and if carried over the interest rates will become very unwieldy and uneconomical on a long term.


Jeff Lakie is the owner of [http://www.loan-source.co.uk] providing Uk homeowners with great rates on secured loans. Visit our site for a free quote today.

Author: http://EzineArticles.com/?expert=Jeff_Lakie

Article Source: http://EzineArticles.com/167159

понедельник, 14 сентября 2015 г.

3 Top Tips For Credit Repair

Improve Your Credit Score Now


These are my top three tips for increasing your credit score quickly. By using these tips, you could save hundreds, maybe even thousands of dollars in interest paid on credit cards, mortgages and other loans. What are you going to do with all that extra dough?

Tip 1 - Open A Bank Account


I know this sounds too simple but opening a savings and/or checking account can be a real boost to your credit score. Many banks offer these accounts free of charge. They will show up on your credit report and demonstrate that you know how to handle your money.

Ask if there is a minimum deposit to open the account. Also, check if the bank requires you to maintain a minimum balance. If so, this could cost you some fees if you let the balance get below the minimum.

Tip 2 - Pay All Your Bills On Time


Even having one late payment listed on your credit record can cost you percentage points when you apply for loans and credit cards. Make sure you pay everything on time. That includes cell phone service bills, department store bills and cable bills. Even if you only pay the minimum, get that payment in on time.

This may take some extra effort to get organized but it will really pay off in the long run. I mark all paydays on my calendar and then make an appointment with myself in my calendar or planner to write checks or schedule online bill pay 5-7 days before each payday. That way you won't forget and have to scramble to get your payments out on time.

Tip 3 - Close Those Old Credit Accounts


Remember, you are painting a picture of credit worthiness. Having lots of old accounts hanging out there with a zero balance shows that you are not keeping track of your credit. Lenders count all these open accounts as available credit that you could run up at any time and then not be able to make payments.

Call the 800 number on your old bills or go to the company website and ask customer service to close your account since it has a zero balance and you are not planning to use the account again. This will be listed on your credit report as an "account closure requested by customer." This is a positive statement showing good credit management.

Don't underestimate these steps. They may seem oversimplified and too easy. Make a few phone calls and visit the bank. You'll be so glad you took the time to make these small changes. Big changes come from making many small corrections. Here's to your good credit!


Author: http://EzineArticles.com/?expert=Kari_Halstead


Article Source: http://EzineArticles.com/5853979

воскресенье, 13 сентября 2015 г.

A Quick Solution For Urgent Expenses

Has it ever happened to you that you have found short of cash, for any purpose like for a medical bill or for car repairs, which were an emergency and could not have been overlooked?

From now onwards you can avoid that humiliation by taking the help of instant payday loans. Instant payday loans are basically loans, which are taken for a short term for a specific purpose. These loans generally fill the cash shortage, which can unexpectedly come up before the next cheque becomes due.

Instant payday loans are ideal for expenses such as:
  • An unexpected medical bill
  • An unexpected car bill
  • Grocery bills
  • Various utility bills, or
  • Any other petty expenses which can suddenly come up
These small expenses can be quite frustrating and then these expenses accrue and can become bigger. So they should be paid off as early as possible before they become even more menacing.

Applying for instant payday loans is easy. Now days there are no of organizations, which are offering the instant payday loans to the people. All a borrower needs to do to apply for a payday loan is to know how much he needs as a loan amount. Then go online and fill your personal and loan application forms of the organizations that deal in providing the instant payday loans. If your conditions fulfill the criterion of the lenders the loans will be transferred in your checking account within one business day i.e. in 24 working hours.

As far as the repayment of the instant payday loans is concerned it is also easy. The repayment schedule is told to the borrowers before they have taken the loan amount. The repayment schedule usually ranges from a period of 7 to 14 days with an opportunity available to extend that up to a month as well. A higher rate of interest will be charged every time the loan period is extended. The amount of loans that you can borrow is from £200 to £1500 with the loan amount depending on your income. So more you earn more you can borrow for your instant payday loans.

Instant payday loans provide many advantages to the borrowers but one disadvantage that could be labeled at these loans is that they carry a high rate of interest. Since they are short-term loans the lenders tries to earn more by charging a higher rate of interest. However you can get comparatively low rates of interest if you can negotiate well with the lenders. Instant payday loans comparison is a good way to find comparatively lower interest rates online.

However there are a few criterions, which a borrower has to fulfill before they can apply for instant payday loans. They are
  • The borrower should be currently employed with recurring or regular income
  • The borrower should have a minimum income of £1000 per month
  • The borrower should hold a current and active checking account, and
  • The borrower should be a UK resident and should be at least 18 years old.
Instant payday loans are available to all kind of people even to people with bad credit. These loans are short-term loans and as long as the criterion is fulfilled the loans are made available to everyone who needs these loans. Since these loans are made available quickly there are no credit checks.

Benefits of instant payday loans are:
  • They are affordable in any kind of emergency
  • They are required in a quick time so no credit checks are required
  • They are easy to apply and are approved quickly
  • Financial information of the borrower is kept confidential
  • Easy for everyone to apply
  • Minimum or sometimes no paper work required
Anything can happen any time. Any unexpected bill can come up from anywhere it is not always that we can cover for that. With the help of instant payday loans you can feel secure that nothing will go wrong. As with these loans every possibility is covered.


Tim Kelly is an expert in finance having completed his LLM in Finance (Master of Laws in Finance) from Institute for Law and Finance at Frankfurt University. He is currently working with Best Payday Loans as a financial advisor. To Find Best payday loans, online payday loans,Instant Payday Loans visit http://www.bestpaydayloans.co.uk

Article Source: http://EzineArticles.com/?expert=Tim_Kelly

суббота, 12 сентября 2015 г.

5 Types of Budgeting Money Methods

There are so many personal finance programs and books on the market, trying to decide where to begin can make your head spin. Besides the myriad of options on the store bookshelves and online sites, there are dozens of popular, national programs that can cost hundreds of dollars. I've seen people spend over $100 to $150 on such programs and upon completion ask the question, "okay, how do I get started." I find it unbelievable to spend that much money and time on a program and still not know how to get started.

Most of these books, programs and seminars focus on the much larger picture of Financial Planning and wealth building which are great resources to pursue after you get your spending under control, paid off all your debt, live within your means and have money left over to invest. To get started in the world of personal finance, most people just need a simple budgeting program to help them get started.

Despite all the options available, getting started with a budgeting process can be fairly simple. There are just a few categories of budgeting tools available. I'll give a brief description of each one and you can decide what's best for you - or read my next blog on "How to select the best budgeting tool for you." A good budgeting coach can also work with you to provide solid advice on what's best for your budgeting needs and match your skills to what's available on the market.

Method #1: Pencil, paper and calculator

Certainly the oldest method around, it works fine but has it's drawbacks. Access to the budget forms is the easy part. You can either create some simple forms on paper that you're comfortable with or you can search for the forms online that you can download for free or very inexpensively. That's the easy part.

The downside of the pencil and paper method, even with assistance of a calculator, is that the user must know the basic financial calculations. Even if you are savvy in the mathematics, there is the issue of lack of speed, accuracy and repeatability. Making changes is difficult at best and each month the process and amount of time needs to be repeated. With the amount of effort required, most people simply give up.

The pencil and paper method is good, however, for first time budgeters that need to keep track of your daily spend. Keep a piece of paper in your wallet or purse and write down everything you buy, even if it's on credit card or via check. Doing so will enable first time budgeters to establish a baseline of where their money is going. (Cost: approx $0)

Method #2: Computer Spreadsheet such as MS Excel

Most computers have some type of computer spreadsheet program such as Microsoft Excel or Apple Numbers installed. Such a spreadsheet program allows you to create an electronic form (called a spreadsheet), embed all the financial calculations and then simply enter your financial data. The computer does the calculations dynamically and you can see your results interactively on the screen.

There are several advantages of using a computer spreadsheet:
• Time savings increases each month
• Accuracy of the calculations
• Repeatability month after month

The downside, If you are not an expert at MS Excel or the finance calculations, it will be difficult to create your own budgeting forms from scratch. However, there are some excellent MS Excel budgeting forms on the market that are "ready made" for first time budgeters. Some of these MS Excel forms will even generate pie or bar charts to display easy to understand. Do some research online and find one that meets your functional requirements and meets your budget. Make sure your computer has the MS Excel program installed on your computer. (Cost: less than $20 for the forms; MS Excel extra if not already installed on your computer).

Method #3: Computer programs such as Quicken

My comments on computer programs such as Quicken are relative to their capabilities as budgeting tools, not financial planning tools. Many of these programs have the advantage as broad financial planning tools that can be used for everything from budgeting to wealth management and even bill pay, but usually lack good budgeting capabilities.

My definition of a budgeting is a set of learned behaviors that help you manage your expenses relative to your income and provide you with a plan to get out of debt and reach your financial goals.

Many of the computer programs simply look at your past spending habits to create your budget. So if you had a budgeting problem in the past, it is simply carried over to succeeding months. The computer program does not correct any spending or behavior problem that led to poor budgeting.

The disadvantages with these commercial financial planning computer programs include:
• Expensive. For Quicken you will shell out $40 for just the Starter Edition, $60 for the Deluxe and $90 for Premier.
• Complexity. Again, most are designed for much more than budgeting and can be difficult to use, especially for first time budgeters.
• Time incurred in learning and using these programs can be lengthy for simple budgeting requirements
• Don't teach good budgeting techniques

If you are going to invest that kind of money and time, seek out a budgeting program that actually teaches you how to budget!

Method #4: Online budgeting programs such as mint or Mvelopes

Convenient and free budgeting tools are popping up everywhere on the internet and as smartphone apps. The accessibility is hard to beat but which one do you choose? Are online budgeting tools even a good idea from a security standpoint?

Let's start with the last question first. You need to be aware and be comfortable with the idea that you are sending your financial data back and forth over the internet. This is very different than online banking. When you perform electronic funds transfer or electronic bill pay through your bank, you have all the protection that your bank has deployed to protect the information. That may not be the case with a non-banking institution set up with online budgeting programs. Just do your research and be mindful of security issues.

If you are okay with the security issues, then you probably did your research and selected an online budgeting tool that you're comfortable with. That's the highest priority in selecting these tools.

The advantage of these tools is the ubiquity of having your information on various media when you need it: On your smartphone when you're shopping, on your laptop when you're at the library or coffee shop, or on your home PC when you're at home. Virtually anywhere you have browser access to the internet you can access your budget to see if you are on track.

Method #5: Behavior-based Budgeting Method

There's a new method I'm proposing which can include any of the 4 methods above, but incorporates a new way of thinking or behavior. If you apply my definition of budgeting: a set of learned behaviors that help you manage your expenses relative to your income and provide you with a plan to get out of debt and reach your financial goals, then any of the 4 methods above will work because you changed your behavior!

Make a decision today to place budgeting high on your priority list, change your behavior, and start to see your financial goals realized.


Michael T Kastler is a Budgeting Coach and author of the personal finance book, "Get a GRASP on Your Budget and Your Cash" and multiple budgeting worksheets. His budgeting money tips blog that helps individuals become debt free and meet financial goals can be found at Budgeting Money Tips.

Author: http://EzineArticles.com/?expert=Michael_Kastler

Article Source: http://EzineArticles.com/6116776

пятница, 11 сентября 2015 г.

Fixing Bad Credit

4 Simple Strategies


Now that you have that nasty bad credit score and have been getting rejected all over the place on new credit applications, it's time to dig into rebuilding your credit record. I know it feels demoralizing and completely frustrating to keep getting notices that your applications were denied. There is light at the end of the tunnel though. It may take a while and you will have to be patient but it can be done. I should know because I have been where you are trying to repair my own credit. Be patient and keep chipping away. It will get better.

Let's get on to the meat and potatoes of fixing your credit. Basically your credit report presents a picture to any potential lenders and others checking on your credit history. If over time they can see that you are becoming more responsible and better at handling your money, they will be more inclined to trust you with new credit.

What you can do:

  1. Build up a history of paying on time. Start with the obvious. Get your ducks in a row and get organized. That is probably the biggest stumbling block for most people. Make it a priority to mail checks or pay online in time so your creditor receives your payment before or on the due date.
  2. At least pay the minimum payment on each account. If you can add even $5 to the minimum due, that little bit will have a dramatic impact on how fast your account is paid off in the long run. It doesn't seem like that little extra will make a difference, but over time it could really save you a lot on interest. Not paying at least the minimum will show up as a delinquency on your credit history and you will be right back where you started.
  3. Open a few new credit accounts with low credit limits and make sure you pay these bills on time. Only do this if you know you can make the small payments on time every month. It will negate the whole purpose of opening these new accounts if you end up having late payments on them.
  4. Try to keep your balances low on your credit accounts, especially things like credit cards. If you can keep the balances below 30-40% of your available credit on the account, that would be the ideal. So for example if you have a credit limit of $1,000 on a store credit card, you would want to keep the balance consistently below $300-400.

I know this all seems like a lot of extra work, but believe me; it will all be worth it. When you start saving boat loads of cash on credit card interest and can refinance your home loan at a much more attractive rate, you will thank me.

Be pro-active and take the bull by the horns. This is your money and your life, so take charge and get it done!

Expert: http://EzineArticles.com/?expert=Kari_Halstead

Article Source: http://EzineArticles.com/5861834

четверг, 10 сентября 2015 г.

Fast Cash For The Average American Worker

Payday Loans: A Better Solution


With the New Year upon us and Christmas bills starting to pile up, countless Americans are wondering how they will pay the bills and cover the taxes due in April. Payday loans are one solution to individuals feeling the crunch of bills and taxes. A cash advance will enable you to pay those bills and take care of impending circumstances without over-extending your credit cards or racking up non-sufficient fund fees. This source of fast cash is used by many Americans to eliminate the long-term high cost of credit card interest rates while providing an instant cash solution for their pressing needs.

Why would you consider a payday loan? That is the question many American workers ask when they are looking for a solution to their bills, and unfortunately, those working class individuals without pristine credit are shut out of traditional options like low interest rate credit cards and home equity lines. The payday cash loan has become a practical option for individuals experiencing a financial emergency.

To meet the requirements for a payday loan, most cash advance services require you to meet a few qualifications. First, you need to be at least 18 years of age and a United States citizen. Second, you need to have a job or be able to show that you receive some kind of regular income, which brings in at least $1000 each month. Third, you must have a checking account (a few will qualify you with a savings account) to finalize the transaction. Some companies will include additional requirements, but these are the most common prerequisites to obtain a payday advance. If you meet these conditions, you generally have to fill out the company's online form to find out how much you will qualify to receive. They, like nearly all lending institutions, will gauge the amount you may borrow by the amount of your income, although, unlike most lending institutions, these companies are much more lenient in their lending practices. In general, the majority of the online payday advance companies do not disqualify you because of bad credit, bankruptcy history, or prior bad checks.

There are no long lines and no long delays while the company reviews your application. In addition, this process takes place in the comfort of your own home or office, not the cold atmosphere of a bank. Most companies have a relatively simple and quick online form for you to fill out, and once your loan is approved and you speak with a representative, the company deposits cash directly into your bank account. Make sure you review the website completely, and read the details. Do you find the fees fair, and are the terms acceptable?

In order to receive a cash advance, companies require you to have a bank account because when it is time to pay back the loan, the company will simply deduct the principle and fees from your account during your next pay period unless you ask for an extension. Now the fees seem extremely high for this service unless you do the math on how much it will cost you not to take the short-term loan. What did you pay for your last bounced check? Most banks charge between $25-$35, and often times merchants charge a matching fee. The expense of a payday loan does not sound nearly as bad once you consider the bank charges and credit reporting that takes place when you bounce a check. If your credit card company were going to charge you a $29 late fee and raise your interest rate, wouldn't you be better served to take an advance on your paycheck rather than take the long-term consequences of higher interest rates? Of course, there are payday loan companies that are out there to take advantage of unsuspecting consumers, and that is why you must do your homework and make sure the fees and terms are acceptable.

Lately, many news articles have criticized the payday loan industry, yet these same reporters have not questioned the excessive fees and interest rates charged by traditional lending institutions. Obviously, it is in the best interest of banks and credit card companies if consumers continue to accept their Machiavellian policies (remember Machiavelli advocated deceit to gain and maintain power). Non-traditional lending companies challenge this totalitarian authority and give the working class another option besides paying outrageous credit card fees, bank fees, and unwarranted interest rates.


Danielle Peck is the partner and research specialist for www.skitastic.com [http://www.skitastic.com], a website that provides information and resources on cash advance and payday loans. You can visit the website at: [http://www.skitastic.com].

Expert: http://EzineArticles.com/?expert=Danielle_Peck

Article Source: http://EzineArticles.com/225582

среда, 9 сентября 2015 г.

Advance Payday Loans

By the end of this article, you should have gained enough new knowledge on the information concerning advance payday loans you should be able to make a good decision and also explain these payday loans to help another person.

Advances on payday Loans stretch to the next payday. The loans are apt to have strict fees attached. If you are behind in payments of utility invoices, you might want to ask for an extension and then work with your service providers to pay off the arrears. Payday loans are planned to tender relief in crisis situations. For example, car repairs, shut-offs, overdue bills, overdrafts, and health costs is an incentive to take out a payday loan.

Payday cash advance loans are usually extended two weeks more regularly than not, but few lengthen the loans up to 18 days. When the fixed time of the period to reimburse comes around and you do not have the means to pay back the credit you will pay the finance fee and roll the payday advance over to the next paycheck. The cycle can become disparaging.

Once the payday advance loan is approved, the lenders will deposit the money into your checking account if you have direct deposit capabilities. At the time the advance loan is allowed you will take the transfer of overnight deposits according to a few payday lenders. Most lenders transfer the currency into your checking account in two business days unless you request for a loan from the land base lenders. The lenders who assert the payday advances are fast and straightforward with the approvals because most payday loan companies will not check your credit. Scores of payday sites online allege that their sites are confidential and secure. This is important, because if their site is not secured and certain, you could be the next victim of identity theft.

You should now have gained a little knowledge about advance payday loans. The following material should make it a little more understandable.

Payday advances are short-term unsecured loans that tie you over to the next paycheck arrival. At the time clientele are beleaguered sandwiched between paychecks, the advances are on hand to give a hand. The payday cash loans are one of the undemanding advances to apply. Many payday lenders nowadays are making it simpler to get a payday loan. Lenders assert no faxing is essential at few payday sites, nevertheless once the borrower is accepted, faxing may be essential despite the lenders claims that faxing is not obligatory.

The helpful aspect of payday advances is the loans are flexible and the borrower can relax because the transaction is discrete. Most advances are issued to borrowers to assist them in keeping everyday expenditure on utilities, such as deferred bills or reconnection fees. Many borrowers employ the advances to deal with recoiling checks and the bounce fees, which are regularly unreasonably greater than fees on a payday advances.

The World Wide Web has an assortment of payday loans. If you can find a loan on land base in your area it might be a better choice, because many payday lenders are confined to loaning cash, only in their area. Right now, there is controversy over payday loans and few State Reps are making an effort to shutdown the sources.

Officials and a number of other people judge that payday lenders are gluttonous, greedy, merciless people looking to take advantage of the less fortunate. While this appears true if you believe the particulars of the loans, but payday loaners are no different from fiscal institutions, governments, IRS, and other sources that take and seldom give.

The truth is payday loans are cheaper than bank overdrafts. Bank overdrafts can cost a lot. If you take out a payday loan to help your checks you might pay a fee, but not as high as the fees, you will pay if the overdrafts continue.

If you have disconnection charges you most likely will pay less than the total of a payday loan, still, disconnections is not a good thing, so payday loans may be to your advantage.

Car repairs can charge you a fortune. If you should want your car to get to work, thus payday loans may be of use. You might pay a fee for the loan, however if you are not working it will charge you more. Payday loans is a fund of relief, never take the loans for granted, because it could lead to debt problems.

For more information, check the internet to research the different types of loans available to you.

What you have learned while reading this informative article on advance payday loans is knowledge that you can keep with you and make a better decision to better your life.


K Hoyng is the web master and operator of [http://www.quickcash2u.com] which is an excellent source of advance payday loan information and much more key financial information. Visit us at [http://www.quickcash2u.com/CashLoans.html]

Expert: http://EzineArticles.com/?expert=Keith_Hoyng

Article Source: http://EzineArticles.com/228546

вторник, 8 сентября 2015 г.

5 Tips on Saving Money

Even on a Tight Budget


With the average American saving less than $400 a year, it would seem pretty obvious that we have trouble saving money. Add to that the statistic that the average American household carries over $100,000 in debt (which includes secured and unsecured debt as well as home mortgages) it would seem fairly obvious that we are also on tight budgets. So, how do you save money and build wealth when you are just barely making ends meet and trying to dig your way out of debt on a tight budget? Here are five tips to get you started.

Tip #1


Track all of your expenditures for at least a month and find out where your money is going. When I say all, I mean all. If you buy a pack of chewing gum with the change in your console, write it down. The best way I've found to track my expenses is to ask for a receipt every time whether I'm paying by debit, check or cash. You don't have to keep the receipts forever, but it's the best way to determine where your money is going and if there are any places you can save money.

As a general rule, people aren't as overextended as they think they are. We say we are living paycheck-to-paycheck but in reality we are "treating ourselves" on a fairly regular basis which adds up to a significant amount of money over time.

David Bach calls this the "Latte Factor". Instead of buying that Starbucks coffee save the money you would have spent on it instead. You'll be amazed at how much this will add up to overtime.

Tip #2


Make your savings plan automatic. If your company offers direct deposit, have a portion of every paycheck deposited into a savings account. If your company doesn't offer direct deposit, ask your bank or credit union to automatically transfer money from your checking account to your savings account monthly - or even better - each time you get paid.

Tip #3


Put your loose change in savings. Instead of throwing your change on your dresser, or in your console, and then raiding it now and then for purchases, take this money down to your bank and deposit it into your savings account. It adds up a lot more quickly than you think. Even a small jar can hold a large amount of money in change!

Tip #4


Take advantage of free money. If your company offers matching retirement funds, be sure to contribute at least the matching amount into your retirement fund - otherwise, you are throwing away free money every payday!

Tip #5


Look for bargains. Not everything you buy has to be brand new. In fact, you will save thousands of dollars by purchasing used items over new. Some people don't like the idea of wearing used clothing. I've actually found brand new, tags-still-on bargains that cost the original buyer hundreds at a department store and, for whatever reason, the outfit was never worn and turned over to a consignment shop selling for a fraction of the price.

Cars are another thing you shouldn't buy new. That brand new luxury vehicle will lose thousands of dollars worth of value as soon as you drive it off the lot. In fact, it will lose 15-20% of its value every year. So, why in the world would I want to spend $25,000 on a brand new car that I can buy for $16,000 two years later? Why not let someone else take that hit? I would rather buy some new leather air freshener and save the $9,000 instead.

This is just the tip of the iceberg. I guarantee you that if I went through your bills and receipts for a month I could find ways that you could save money. My best advice is to start saving today--even if you start small. You'll soon develop the habit of saving money and be able to increase your savings amount so that you can stop being broke and begin to build wealth.


My name is Cheree Miller. I'm not a financial counselor or legal advisor. In fact, I've made some poor choices in my life. I've been broke, with creditors calling, writing, and sending court summons. I've had my bank account garnished and wondered how I was going to feed my family. But, I can tell you that you can learn to make good choices where your money is concerned. You can get out of debt if you remain focused on the end goal instead of wallowing around in a pity pool feeling sorry for yourself. Better yet, you can retire rich if you start saving for your retirement now!

Life was meant to be enjoyed. For more resources on getting out of debt and living debt free, visit http://www.imdebtfree.net. While you're there, sign up for my free newsletter with more tips on how to get and stay debt free, and receive my free report "101 Powerful Tips for Legally Improving Your Credit Score".

Article Source: http://EzineArticles.com/?expert=Cheree_Miller



Article Source: http://EzineArticles.com/6140549

понедельник, 7 сентября 2015 г.

Bad Credit Repair

How to Fix Bad Credit Effectively

Even though it may take years to clear your credit history completely, you can do some effective bad credit repair quickly and relatively easily. There are many different ways to improve your credit score and get it to the level that you want. It is best to use all of them.

Request a copy of your credit report and look for any errors that damage your credit score. This is the quickest and simplest thing you can do. If you find any errors that cause damage to you as a borrower, you should report them immediately and ask for them to be fixed as quickly as possible.

Paying your bills on time is one of the easiest and most effective things to do to for bad credit repair. You can readily set direct payment in order to avoid missing a due date. Experts recommend paying directly with the use of a credit card. In this way, you kill two birds with one shot. You get to use more of the available credit you have and you get to show that you are making timely payments.

Use your credit cards for various payments without using up more than a 30% of the limit of each one. This will definitely boost your credit score. It is a good idea for you to reap all possible benefits form the cards you have when using them. Make the most of cash backs, discounts and shopping points.

Most importantly, remember to repay credit card debt on time every month. Transferring balances will have a bad effect on your credit score. Similarly, you should avoid transferring balances from one card to another too frequently as this also makes you a less reliable borrower.

Do not get credit cards with low limits. These are readily available to people with bad debt, but they restrict your options for improving things, as you get to use greater amounts of the available credit.

Use all of these methods for bad credit repair effectively.


Use a complete free expert guide on Bad Credit Repair. Learn how to get rid of Bad Credit and secure the best loan deals.

Article Source: http://EzineArticles.com/5873377

воскресенье, 6 сентября 2015 г.

Payday Loan vs. Credit Card Cash Advance

Which Is the Better Option During a Financial Emergency?

Unfortunately most of us face unforeseen financial emergencies at least once in our lives. When those money crunches happen, some people seek out cash advance loans in order to help them get by. Another option is to simply take a cash advance from an existing credit card. But what are the differences between these two options and is one better than the other?

First, we should briefly discuss what a cash advance loan is. They are also known as payday loans and by working with one of the numerous lenders offering such services, consumers can borrow money in order to get cash to help them get by until their next paycheck (hence the name "payday loan"). The assumption is that the borrower will be in a better position to pay back the loan once they get their next paycheck and at that point, will hopefully be back on their feet.

Usually, to get a payday loan the only requirements are proof of employment and a statement of your income so that the lender can determine how much they can safely loan you. The way this is determined varies from one lender to the next but most payday loan companies offer loans from $500 to $2000 depending on those factors just mentioned. You can find payday loan companies in your local area, but most people tend to look for lenders online since it is more convenient and anonymous.

On the other hand, a credit card cash advance is slightly different. First, there aren't the same sort of requirements to qualify for a cash advance since you already hold the credit card. There is also no presumption that you will repay the amount borrowed once you receive your next paycheck. Finally, there aren't any additional penalties in the form of interest payments or late fees that you have to pay if you don't repay the loan by your next paycheck, which is one of the drawbacks of payday loans.

Even though it may seem that taking a credit card cash advance is a better option, that is not necessarily the case. First, you need to have a credit card in order to use this option and unfortunately, many people who end up in this type of situation either don't have a credit card or don't have enough available credit to borrow against to take care of their immediate financial needs.

Also, by borrowing against your credit card, you are increasing the balance you own on your card. Credit bureaus often use that figure and compare it to your available credit to see how close you are to being "maxed out" on your credit cards. So by taking a cash advance, if you are unable to repay it in the near term, your credit rating could be lowered. By using a payday loan, you don't have to worry about anything being reported to the credit bureaus because most cash advance lenders don't generate such reports.

On the other side of the coin, payday loans have some drawbacks that you should also be aware of. The most important thing to keep in mind is that dollar for dollar, cash advance loans are a more expensive loan, which is why it is important to be able to pay it back as quickly as possible. In fact, if you are unable to repay by the agreed upon time, you will probably be charged a late fee which only adds to the problem.

Ultimately, the decision between a cash advance loan or taking a cash advance from your existing credit card depends on your specific needs, your ability to quickly repay the loan and how comfortable you feel with the terms that each option offers. But either way, your best bet is to take action and do something to solve your immediate financial problems, pay back the loan quickly and hopefully avoid similar situations in the future.


STOP: Before you apply for a payday loan, be sure to get more information on how to save money on your loan and learn about your 3 best options for payday loans [http://www.yourpaydayloanguide.com] by visiting the payday loan guide at YourPaydayLoanGuide.com [http://www.yourpaydayloanguide.com].



Article Source: http://EzineArticles.com/284690

суббота, 5 сентября 2015 г.

How Payday Loans Can Affect Your Credit Rating

With the price of gas going sky high, and all of the ads that you see on the news about how easy it is to get one of these loans it isn't any wonder that people can easily get into trouble financially. People get burned out, each parent is working, usually more than forty hours a week, they are taking care of the kids, the pets, often the chores. They see the commercials on televisions about taking a vacation, or paying the bills, or whatever the commercial may be this particular week for the payday loan companies and they look pretty tempting and after all, the bills must get paid.

The loans are simple, proof of employment is a simple paycheck stub, a bank account statement proves that you have a bank and are established that way, you write a post dated check for the amount of the loan and the fee amount and bang! You are finished. Well, you are finished with the loan application part of the procedure any way. For instance, if a person wants to borrow $200, they would write the check for about $240, to include the fee. Actually, it could likely be more than that but for the sake of argument, that is what we will say. Basically, this means, that the person who borrowed the money paid someone $40 to borrow money from them. Because the interest rates are so high on these loans they don't advertise they just have flat rates for certain amounts.

If the people using these payday loans are not thinking ahead, but instead using them to have a weekend out it puts them in even more trouble. Those doing it for sheer desperation to get from one bill to another or to avoid bad credit, or a bounced check are in bad enough shape but the others are not thinking ahead enough to realize what they are doing to themselves.

If using these loans to attempt to fix a credit history the consumer is being foolish. The best way to fix a credit history is to put a budget in place and to follow it consistently. A budget, when done correctly, will allow for a small emergency savings but not for a payday loan. These are never a good idea and have no place in a budget plan.

When you are attempting to fix a credit history you will be concentrating on not making future mistakes. Leave past mistakes in the past. Trying to fix bad mistakes doesn't do any good if you are going to go out and make new mistakes. New mistakes would include paying fees and high interest rates of a payday loan. Actually, paying interest on any type of new loan wouldn't be a good idea at this particular moment in time. The last thing that a person trying to fix a credit history needs is more money to pay back.

In case of a real emergency there must be other options. Other things that a person can do to raise emergency funds would be things such as sell things, take on a part time job temporarily, and there are agencies out there that are willing to offer low-interest loans based on need. There are people out there who will help, a person just has to find them.

You must keep in mind however, if you have gotten a payday loan, you cannot avoid paying them back. You have already signed papers giving them permission to access your checking account and many have policies in place which allow them to dip into the funds that you have available there. This means not only the amount you wrote the check for but any other late fees which have accrued. These late fees are not a small amount either, these accumulate quite rapidly. To think that this could have all been avoided by simply not going to get this type of loan company in the first place.

Payday loans should be avoided when fixing your credit, but in essence they should be avoided in any instance. The best thing to do is to have a certain amount of money saved in case of an emergency.


Gregg Hall is an author living in Navarre Florida. Find more about this as well as Payday Loans Online [http://www.express-payday-loans.com] at [http://www.easygovernmentgrants.com]

Article Source: http://EzineArticles.com/293279

пятница, 4 сентября 2015 г.

Are Payday Loans Really Such A Bad Thing?

Payday loans or cash advance loans serve a specific purpose and as long as they are used for what they where intended to, they can be an excellent financial tool. The main reason why payday loans are considered to be too dangerous is the problem they cause when they are used for other purposes than what they where meant for. When used as a substitute for regular financial loan products, the high interest rates charged make it very easy to get into serious difficulty and ultimately result in the borrower being unable to repay the original loan amount or the interest. This situation normally leads to the borrower going into default and having to then deal with legal fees on top of the loan debt.

Very high interest rates

Payday loans do carry higher than normal interest rates and fees. However, when taken against the background of limited or no credit checks and the general risk profile of the borrower, they actually offer a reasonable value for money.

The risk that the lender is taking is considerably higher than other lenders that offer loans that require stringent approval criteria and income verifications.

Put simply, the lender is entering into an agreement with little or no comfort that the loan will ever be repaid or not. To compensate for loses that he undoubtedly incurs as a result of this practice, the lender needs to charge much higher rates of interest in order to make his business profitable. At the end of the day all lenders are in business to make a profit and if they aren't they wont be around for very long.

What purpose do these loans have?


Once again, as long as these loans are entered into with adequate knowledge and are used for what they where meant for, there is no risk of getting caught into a vicious circle of debt. When you look at the facts and ignore all the urban legends that surround these types of loans you will see that they can and do represent fair value for the risk taken.

It's like that old adage about a bad workman blaming his tools. The tool itself is not at fault, it's almost always the user of the tool trying to blame an inanimate object for their own failure. It's the easy way to save face. It would be the same as trying to use a mortgage to finance a vehicle purchase over 25 years. The wrong tool for the wrong purpose.

The root of all evil?


So, to recap, payday loans should only be used for emergency situations. If you have the time and credit rating to qualify for another source of finances, you should. Only if you need some cash for an emergency to cope with some unexpected expense should you apply for a payday loan.

When the loan is fully paid off, don't make a habit of resorting to them every time you need money. Try and get money through other means before resorting to a payday loan. You need to remember what they are meant for and that their costs are high enough to only use them on the odd occasion.

The increase in household debt is becoming a serious problem all around the world as we chase the material possessions that we can't wait to save for, but blaming the increase in debt on the financial market for offering payday loans is as wrong as it is stupid. Now is the time to take responsibility for your financial situation and not blame the financial products for all our errors. All financial loans are there to be used with discretion, and a full understanding of the terms and conditions that are connected to them. Ignorance is not an excuse.


A. Procos is a former Bank Manager and is currently a financial consultant specializing in payday loans, online payday loans, bad credit payday loan, no fax payday loans, cash advance and student loans. For more information regarding payday loans do not hesitate to visit my Payday Loans Website [http://www.paydayloanswebsite.com]; or alternatively for student loan information visit my Student Loans Website [http://www.studentloanssites.com]

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Video: The best online payday loan lenders!



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четверг, 3 сентября 2015 г.

Boon or Bane? Payday Loans

Did you ever hear the term "bane of my existence?" It's an old one from some pretty dramatic writing. It refers to something that makes your life miserable. How about "boon"? That's probably a more familiar word. A boon is a benefit. You would think it would be pretty simple to sort out one from the other, wouldn't you? Not so when it comes to those tempting "Payday Loans." Every morning when I get ready for work, I have the local morning news station on. And every morning, I hear the same jazzy commercial, set to music, about how easy it is to simply stop into the storefront of this business and receive an advance on my next paycheck. Sound too good to be true? Well, there's a reason for that.

At most of these businesses, you can fairly easily borrow $100-$200 for a flat fee. The consumer writes a check to the payday loan business with the understanding that the check is not currently covered by funds in that checking account. When the next payday rolls around, the business can deposit the check and be paid back by the check amount, which includes a fee for this convenience. Or, the consumer can come by and pick up the check, redeeming it with cash or a money order. Again, a fee (built into the check amount you wrote) is charged for this privilege. Finally, the consumer may also elect to roll over the payday loan---by paying another fee. Can you guess how many people might just be tempted to roll over the loan? Many, as it turns out.

What if you are this consumer? Would it surprise you to know that this little, seemingly helpful transaction just cost you a HUGE amount in interest fees? Interest is not just the actual amount charged. If you are charged $20 for a $100 payday loan, you may be thinking that you are paying 20% interest. But it's much worse than that. You WOULD be paying 20% interest if you had the money for a year. But you don't have it for a year. The rate of interest paid is both the length of time you have the money and the amount you have to repay at the end of that time. So if you have this money in your possession only 10 or 12 days before you pay it back, as required by the payday loan agreement, your interest rate is more like 195% or even up over 250% in interest! This is quite a shock to those who see the payday loan as a way out of a temporary financial pinch. And think what rolling over such a loan week after week can do to you.

Many credit card lenders charge 20-25% for money you borrow from them, either in the form of interest charged on an outstanding balance, or on a cash advance. And cash advance fees may even be higher that the usual stated interest rate of the card. Yet, many of the same consumers who balk at those rates are payday loan customers. They simply don't understand what they are doing. How does this happen? The payday loan businesses are required by law to disclose the terms of the loans they offer. So why in the world would anyone "bite?" Take a look at the (literally) small print on such lending documents. It just is not evident at first glance to the average consumer what interest rate is being charged. And customers of these businesses are often in the lower income brackets, and may not be well-educated about what they are signing. All they may know is that they need the money, and it's being offered by this business.

What, then, should consumers do if they have a legitimate need for the kind of loan service offered by payday loan businesses? As with many, many financial questions, customers should contact their Credit Unions for assistance. At the very least, the Credit Union can explain far more economical ways to borrow money. Consumers are effectively borrowing money if they consistently live beyond their means, and if they consistently rack up more and more credit card debt. Most Credit Unions are an excellent source for the kinds of financial counseling which could help consumers get a real handle on spending and learn to manage money effectively. After all, remember that your Credit Union, a not-for-profit institution, really is there to serve you, the customer. They don't have jazzy commercials on the morning news usually, but they are there on your side. Give them a try.


This and many other articles about your personal finances can be found at http://www.usacreditunions.com Use our “How to Find a Credit Union” page to - Find, and Join one.

Article Source: http://EzineArticles.com/297495

среда, 2 сентября 2015 г.

What You Must Know about Payday Loans

Sometimes when things become a little tough, we do things without too much thought. Usually because we want to put the tough thing behind us and move on. This can result in jumping in on payday loans and regretting it later. Payday loans aren't all that evil as long as you know what you're getting into and you take some time thinking about actually doing it and how you'll later terminate the loan.

To begin with, payday loans aren't always a good choice! Don't get tricked by the ads from the mall, radio, television or Internet. Even if you desperately need some cash until your payday, you should consider all the alternatives first. In my opinion, a brief definition for payday loans is expensive cash.

Payday loans are short-term cash loans. The amount of money that can be borrowed regularly ranges from $100 to $1,000, and it depends on the laws of each state. The average term is about two weeks. Payday loans are made by check cashers, finance companies, payday loan stores, and others. They are also designated as cash advance loans, check advance loans, deferred deposit check loans or post-dated check loans.

This is how it usually works: the borrower writes a personal check for the sum borrowed plus a fee and he receives the amount he or she wishes minus the fee. Fees are regularly a percentage of the value of the check, but they can also be a fixed value charged per a specific amount (like $15 for each $100 borrowed). When the next payday comes, the borrower can redeem the check for cash. Otherwise, he can pay the finance charge again and roll the loan for another two weeks.

To get an idea of how expensive payday loans are, you must know that this type of loan costs on average 470% APR (annual interest), while the APR a credit card is rarely higher than 60%.

Let's assume you want to make a payday loan for the amount of $300, the loan fee is of $17.50 per $100, and the loan term is 14 days. Therefore, in order to redeem the check you have to pay $352.50 when the 14 day period is over. You can pay it by cash or you can allow the check to be deposited at the back. If you still don't have this money, you must pay the fee of $52.50 to renew the loan for another loan period. This means that borrowing $300 for a month will cost you $105. That's not cheap at all! By comparison, a $300 cash advance on an average credit card, repaid in one month, would not cost you more than $15.

All you need to get a payday loan is an open bank account and a steady source of income. However, lenders are not necessarily interested to find out if the borrower can afford to repay the loan. If you don't pay the loan, it becomes an uncovered check in your bank account. If you fail to repay it, you will get a bounced check fee from the lender and from the bank. You will receive negative ratings on specialized databases and because of this you might lose your bank account and have difficulty in opening a new one.

Because of the very high cost to borrow and the short repayment terms, the consumers sometimes tend to be trapped in repeat borrowing cycles. Reports show that almost 60% of all loans made every day are either loan renewals, or loans taken out by the same consumer immediately after paying off the last one.

Payday loans with three-digit interest rate are prohibited in twelve states in the USA, where they are considered to be small loans or usury caps.

The internet payday lending has become very popular lately. You can apply online and loans are directly deposited into your bank account. When the payday comes, the amount of money you've borrowed is electronically withdrawn. If you choose to renew the payday loan, the finance charge is electronically withdrawn from your account.

Here is a suggestion in order to avoid getting a payday loan. First of all, shop carefully! If you really need that money, try to get an advance on pay from your employer or borrow the money from family or friends, at least you can do this for free (usually). Figure your daily and monthly expenditures, and try to avoid unnecessary purchases. You should also build some saving, so that there will be no need to borrow money for unexpected expenses or emergencies. If you still decide you want to use a payday loan, make sure you don't borrow more than you can pay with your next paycheck.


Author - Bill Darken - He supplies highly informative eye opening articles and up-to-date loans news as well. You can see it here at loans or if the previous link is not working, you can paste this link in your browser - http://loans-only.com

Article Source: http://EzineArticles.com/333389

вторник, 1 сентября 2015 г.

Top Secrets for Commercial Debt Collection

Are you a start-up and facing the problem of commercial debt? Have you given-up after repeated attempts to collect debt from a customer? If your answers to the above questions are yes, let me welcome you to the large family of small and big businesses that also suffer from the similar problem of commercial debt. But sometimes even the most hopeless of commercial debts can be collected. All you need is the right strategy and correct moves. Several collection agencies have been doing this successfully for many years. Given below are some top secrets of commercial debt collection revealed by Ranger Financial Services Richardson, TX:
  • You are more likely to catch the attention of the debtors, if you write to them in addition to giving them a call. If you call them for debt collection, there are high chances that your calls will not be answered and in rare cases when your call will be attended, they may have a bad attitude. Sending collection letters is comfortable for you and it will provoke debtors to think of debt payment instead of thinking of an excuse to give over phone
  • Ranger Financial Services Richardson, TX believes in the famous saying, tomorrow never comes. Therefore, ask your debtor to commit a specific date for payment. They may answer that the payment is in process and will be done any time now. Never trust them. Having a specific payment date will set deadline for clients and will make them answerable in case the payment is not done on that date.
  • Understand that your debtor is avoiding the payment because he may be in real financial trouble. Therefore, it is important to be cooperative with your debtor. Since you both share the common goal of payment of the commercial debt, communicate nicely with each other. Work together to make a repayment plan such as repayment in installments that will serve the purpose of loan repayment without too much of hassle.
  • Lastly, leave the hassle on the experts i.e. collection agencies. There are many small collection agencies that will help you collect a commercial debt for less than $30. This a very small price to pay if you have a big amount in stake. Ranger Financial Services Richardson, TX recommends hiring a good debt collection agency to collect your debt if you have failed to do so after repeated attempts. This way, you will not have to waste your time and still you can get repayment for your commercial debt.
Author: Christina K Nicholas. She is a practicing CPA in Richardson, TX, specializing in small business and individual tax returns. For more details about please visit Commercial Collection and debt recovery.
Article Source:
http://www.articlebiz.com/article/1051532501-1-top-secrets-for-commercial-debt-collection-revealed/

Payday Loans - What Will It Really Cost You?

When you have fallen on hard times financially, or you are looking to move to the next stage in your life by purchasing your own car or house, the options presented you can appear risky and unsatisfactory. Faced with things like high interest rates, the possibility of falling into debt, or further into debt, and the looming prospect of the credit check, it may seem like a better idea to just struggle on month to month rather than dropping into a possible quagmire out of which you can't extract yourself. However, acquiring a loan isn't as scary as it seems.

Times have changed since years ago when the stiff, cigar-puffing loans officers seemed to approve and deny loans based on mood or their opinion on the color of your tie. These days, it is not the loan officer who has the upper hand, and you who are the beggar. You have the upper hand. Loan officers are desperate for clients to loan to, for a couple of very simple reasons. Firstly, fewer people are taking out loans these days.

Secondly, the interest rates on loans are where banks get much of their revenue. Banks operate by taking deposits from clients and paying them a small interest. They then give loans to other clients and extract a larger interest from them, one that more than covers the interest given on the small deposits. And that's where you come in--as long as you have decent credit, a good job, and know how to shop around, you shouldn't have trouble getting a loan, so long as it's within your means.

Of course, big loans aren't the only ones around. For those that find themselves in a temporary financial bind out of which they cannot get on their own, there are such things as short term loans. Such short-term loans, often called "character" loans because they relied on the client's good word and reputation, used to be in much larger supply, but then fell back with the rise of credit cards and the loss of banking's localization. Now they're on the way back, and larger numbers of traditional banks are offering them. Almost one in five loans now fall into this category. But what is a short term loan?

Short term loans average around $2300, and come with a term of around two years. The interest rates tend to be lower than those of credit cards, hence the draw. These personal loans are most often approved or disapproved within one to three days of the application, and one of the biggest perks is that once the term is over, you're done--no minimum monthly payments as you would have with credit cards that keep you saddled with debt and your interest soaring higher and higher.

If you need a small loan, you can visit a payday lender--although it's a good idea to avoid this as best you can. Payday lenders can front your small loans, usually between $100 and $1000, but the terms are short and the interest rates are high, so if you're too quick to take out a payday loan, you could find yourself in worse shape than you were to begin with.

Before you take out any kind of loan, be it a small short term loan to get the rent paid in a tight month, or a larger loan for a car or house, don't simply head straight to one bank and get started. You wouldn't waste a bunch of money on a pair of pants when you knew you could get the exact same brand, exact same pair somewhere else for much cheaper, so why wouldn't you shop around when it comes to much larger sums? Most people don't, but don't fall into the trap of believing that just because you're dealing with big money you can't bargain.

Shop around, compare rates and service, and once you're in that little office face to face with your loan officer, remember your position as a client--they need you. Most customers are all too willing to accept the interest rate offered them, but loan officers usually have a minimum rate they can lower it to--they just need you to help them along.


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Author: Fashun Smith

Article Source: http://EzineArticles.com/116223