Monday, 10 February 2014

Simple Emergency Cash

Payday loans have been getting more and more popular lately, probably because of how easy they are to obtain, combined with an economy that continues to struggle worldwide.

As people struggle to pay their bills on time, the easy access to cash with no waiting period and no extensive credit check makes these types of loans very attractive to the average American.

When A Payday Loan comes In Handy

For those who live paycheck to paycheck, there are many situations where payday loans may be the best option to get the money needed to cover all of life's expenses. Almost everyone has had an unexpected emergency like a surprise sickness that requires hospitalization, a car wreck, or even a bill that was forgotten. These things happen, and there are avenues to consider when looking outside yourself for assistance.

Years ago money would have to be borrowed from friends or family, causing strained relationships, but today a simple payday loan can take care of the problem quickly and easily.

How Do They Work?

The way payday loans work is quite simple. The amount of the loans typically ranges from around $300 to $1,500, and the lenders usually charge a one-time fee based on a certain percentage of the money borrowed.

Usually this money is to be paid back to the lender within 30 days, or about the time the next paycheck comes around. Some companies are more flexible with the time period for repayment than others based on your individual situation.

What makes payday loans so popular and convenient is that you can get the cash you need very quickly, usually within 24 hours or less. This means that if you have an emergency situation you can take care of it that moment, instead of waiting and possibly getting charged with late fees or worse.

How It Works; Payday Loan

After being approved for the loan, the lender will provide you with an amount based on your income and possibly your history with that company if you have borrowed from them before.

You then give them the date when your next paycheck will arrive and the details of your bank account, including account numbers. On the date specified for you to pay back the loan the lender automatically takes the money out of your account, which includes the loan amount and any fees and interest charged. This date is often negotiable.

Another great thing about these types of loans is that almost everybody can qualify. Most companies do not do a credit check when you apply, so bad credit does not mean you won't get the loan. The qualifications to obtain a payday loan are:

- You have a job with a fixed income and have been working for the last six months for a company that is stable and reputable.

- You have a bank account that is active.

- You are at least 18 years of age.

If the economy continues to struggle and you find yourself in a situation where you need funds quickly and easily, payday loans could very well be the answer to your problems. Visiting websites and getting some general ideas about online loans means taking back your power. Everybody needs a little help sometimes and these loans are often the most convenient way to get it.

Now granted they are not the answer to everyone, but those who have nowhere else to turn, and literally no lenders will accommodate them. This is when they can be a godsend to some individuals. They are not the answer to long-term debt but an answer for a couple of weeks until you get paid.

If you are looking to get the lowdown here on payday loans, you are in luck; I am an established writer in the small loans field, specifically in educating consumers on payday loans. I am based in Richmond and write for over 20 of the top blogs on the net.

Wednesday, 5 February 2014

Small Business Credit Loans for Your Growing Business

Small business owners and people looking to start out their own companies or organizations always enter loan negotiations with one goal in mind and that is to get their hands on the money. However with the current trends in the economy and market conditions, banks and lending institutes have tightened their policies for handing out small business credit to company owners and other business entrepreneurs. These days the financial show is being run by regulators and business owners have been forced to look elsewhere than banks to get small business lines of credit. We live in a time and era when the banks inside the United States have become so big that they will probably never fail. But at the same time, the largest employers of the United States are these small businesses which are just too small to run and support them.

A lot of business owners and company managers are tied up in a bubble with their financial institutes and bans and thus they hesitate when they think about having to go on the outside looking for small business credit. Secondly, companies that do not have much years under their belt will have an even harder time securing a loan since banks are not inclined to give business lines of credit to small companies or businesses that have not been running for a very long time.

But this does not mean that all hope is lost for anyone who is looking to secure funds for his business in a financial crunch. There are private investment lender companies, asset based lender companies and other factoring companies which offer business lines of credit much like banks and other financial institutes do. Through the use of these institutes, a person can secure the working capital he needs to keep his business operations running smoothly. At the same time it becomes much easier to get additional support funding to make sure that the business keeps on growing steadily.

One of the biggest concerns of a lender when giving small business credit is the credit scores. Financial lending institutes look at the credit scores of the person taking out the loan in order to determine what kind of interest rate will be set for him and whether he will be able to secure the loan or not. Some business owners also prefer to keep collateral when getting small business credit as it helps ease the mind of the lender about the security of his money. business lines of credit can be crucial at times since no client would want to do business with a company that is bankrupt or short of funds. In this competitive marketing world you have to decide yourself whether the cost of money is important or the cost of missed opportunities?

50k guaranteed provides Small business lines of credit and small business credit that help growing any business without any effect of personal credit report of business debt.

Saturday, 1 February 2014

$5,000 Personal Loans With Bad Credit: How To Get Guaranteed Approval
Getting hold of $5,000 personal loans with bad credit ratings hanging over the head of the applicant can be a difficult thing. The problem is that the first choice option is usually the traditional lenders, like banks, but they are likely to reject $5,000 loans in a moment, if no collateral or cosigner is provided.

But there are always options open to those most in need - especially when a financial emergency is looming. And by simply thinking outside the box, a guaranteed loan approval despite bad credit can be secured fast.

Turn to Family

It might seem a bit unfair on them, but family are usually a perfect choice when it comes to trying to secure a $5,000 personal loan with bad credit. The reasoning is simple: family tend to be much more flexible with each other than banks or other lending institutions, and the ability to re-negotiate repayment schedules is much greater.

Of course, there are conditions to consider too. Not least is whether a family member can finance a $5,000 personal loan in the first place. There is little point in approaching your bother or father, if they cannot. Also, remember that even if they can provide such funds, it may place them in a difficult situation.

For this reason, this option is generally only chosen when any chance of getting loan approval despite bad credit seems extremely dim, or when the interest rates to be paid are extensive. But it is important to keep any loan agreement crystal clear. So, write down the terms (including interest to be paid, if applicable) and have both parties sign the document.

Consider Student Loans

This only relates to students who are registered in a college, but when the need for extra funds to help cover bills, debts and even living costs is high, speaking to the campus Financial Aid advisor can lead to a $5,000 personal loan, with bad credit practically a non-factor in the whole process.

Student loans are godsends to those college goers who find themselves stuck in a financial rut. Luckily loans available from Financial Aid offices are generally government or college subsidized, with very low interest charges and a flexible repayment schedule. In many ways, they are the ideal loans, with repayments - even on a $5,000 personal loan - sometimes delayed until after graduation.

Visiting the offices on campus provides a chance to check out all of the available options. Look out for the Perkins Loan Program and Stafford Loan Program, the two most common. And, of course, in order to get loan approval despite bad credit, the applicant has to qualify as being in severe financial need. Student loans from traditional lenders, like banks, are worth checking out too, but usually feature high interest rates.

Online Lenders

There is a huge difference between online and traditional lenders when it comes to applying for a $5,000 personal loan with bad credit. For a start, online lenders usually ignore credit ratings, whereas banks and such live by them.

But other differences include the interest charged, with the online option setting lower rates, and a fast approval rate - sometimes simply a matter of hours after an application is electronically submitted. Basically, an affordable $5,000 personal loan is much more accessible online than through banks or credit unions.

Of the online loans available, the payday loan is the best when there is a financial emergency, which is perhaps why so many seeking fast loan approval despite bad credit opt for it. Be careful though, because the term can be tight - as short as 30 days. For sums as large as $5,000, a term of 90 days could be agreed.

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Wednesday, 29 January 2014

Online Cash Advances: Say Thanks, Pay It Off and Move Forward
Living paycheck to paycheck? Wondering when safe online cash advances will not be your only place to go for financial help? Wondering what happened to your finances and why? If you are looking to get your money management back on track, you will want to find out where you went wrong, correct it and make a plan to improve from there. There is no use crying over spilled milk and there is no use dwelling over money that slipped away. Focus on learning from past mistakes to build a better financial future.

The best way to start changing is to get organized. Not only will you be making your current finances more manageable you will untangle your future money from past mistakes.

Debt is one of the biggest haunts of our past. You can look at it as the steps it took you to where you are now, or just dwell on the work that it will take to clear it. Take the more positive approach and tackle it with thankfulness. Pay down the debt according to an organized plan supported by a very strict budget plan. It may not give you much freedom to indulge in wants, but it will clear up your future to do so.
Find motivators to fuel your dedication to stick to the plan. Every time a bill is paid off plan a small reward for yourself. Think how free your budget will feel once you get your online cash advance loan paid off. You may never need to use the alternative money that once kept your budget on track. As useful as it was to have that option, you now see how much more money you will have to yourself when you no longer need the fast cash. Say 'thanks for helping', appreciate what it did for you and don't dwell on the debt it caused. Remind yourself that this direct lender was there for you when no other would help. Direct online cash advances were there for your emergency needs and would be again, but with your financial plan going strong you probably will not ever need to use it again. That's a great motivator to stick to your recovery plan.

Once you have paid your respects to short-term loan debt it is time to move to credit cards. These are not as easy to say farewell to because this type of debt is used to promote credit score health. What you need to work on is figuring out how you can use credit cards and manage the debt successfully. Before you allow yourself to begin using the cards again, the debt needs to fall into a manageable zone. Target your total credit card debt between 20% and 30% of your limit. If you can pay it all off, even better. The trick to credit cards is to keep it under 30%, but paid off balances save you money. One of the biggest issues with debt beyond debt totals is the interest applied to each account that eats away at your income. Those "affordable monthly payments" are mostly interest. Long-term debt may seem like a friend, but it does not support budget health.

As you find yourself clearing away debt, you will see how much money you truly have to spend on you. It is important to use credit cards to maintain credit health, but do so in a way that you can easily payoff. Dedicate one card a month to pay for a tank of gas or a trip to the grocery store. This is money you would have spent anyway. At the end of the month, pay it off in full. After a few months, switch cards and do the same. Rotating cards throughout the year will keep your credit score strong. Remind yourself how easy it is to fall into debt when cards are used beyond credit maintenance or emergencies. Use your struggle to get out of debt as a focus point to keep you from falling back into the old routine of using credit cards for more. Learn from your past money management mistakes and build a better future.

Spotya! Cash Advance Loans does not advocate using a payday loan for just any type of spending. Visit for more information on payday loans.

The Pitfalls of Payday Loans Every Borrower Should Know
Payday loans are credit facilities that are designed to be advanced for short time frames. The concept of 'Payday Loans' is not a new one, especially if you live in the western part of the world. There are numerous debtors who prefer to avail this facility and borrow money during exigencies, preferably repayable by the forthcoming payday. But is the picture so rosy? Like all other private lenders, payday loans also have some hidden facts and dubious lending practices that can easily trap a gullible borrower.

Here is a list of unfair practices that your payday lender will never reveal.

    Exorbitant interest rates

Payday loans are available under the cloak of easier lending terms, quicker processing, flexible repayment terms and waiver of credit checks. However, all such good things also carry an interest cost in the form of 'Annual Percentage Rate'. This interest rate can extend up 700 percentile of the loan amount and increase the financial liabilities of a borrower.

A borrower should crosscheck and compare the interest rates between various lenders and negotiate for lower rates of interest before accepting the loan offer straight away.

    Loan rollover charges

Payday lenders offer a rollover of the payday loans, when borrowers fail to repay debts in time. However, a borrower fails to understand that this helpful tendency has rollover costs attached to it, which is enough to squeeze blood out of the body. The borrowers fail to realize the increase in liabilities when they are mesmerized by the sweet words of the lenders.

    Trap of multiple loans

In several instances, a borrower fails to project the exact cash requirement and ends up borrowing lesser money. When the borrower approaches a payday lender for add-on credit facility, he also pays excess lending charges for the increased loan value. This extra fee is added in small letters in the loan contract papers which borrowers fail to read.

    Check bouncing penalty

A payday lender can charge hefty penal charges during instances of check bounce or rejection of auto debit transactions. This penalty might extend to a quarter of the outstanding loan amount.

Apart from this, all payday loan agreements contain a clause permitting the lender to initiate legal action upon non-repayment of instalment within a week of check bounce. The penal charges combined with debt can even sum up to twice the loan amount and trap the borrower in a vicious circle of financial and legal problems. Thus, a borrower should ensure that sufficient funds are available in his repayment account on the installment day.

    Corporal presence of the payday lenders

Not all payday companies have their physical presence in the area of operation. Most of them are either shell corporates which cover up their individuality with false business labels or offshore corporates which have their registered offices at tribal lands or places like Costa Rica etc. Such entities are exempt from all federal regulations and hence, it is highly challenging for the borrower to sue the lender on charges of illegal practices.

A borrower should ensure that his payday lender has a corporate office near his place of residence or at least in the same country. He should utter cautious about outstation lenders or online lenders with no specific contact details. The registered lenders might undertake certain identity and credit checks, but they are governed by the state regulations. This can be beneficial to the borrower by providing lower interest rates and other related fees.

The Office of Fair Trading has also taken stringent action in 2013 and several lenders have either shut down or withdrawn their lending business. However, a borrower should also exercise caution while availing a payday loan, whether it is online or store front office.

Aparna is a freelance writer who loves to write on her niche areas of health and fitness, business, start-up management, pets, family and relationship, career, human resources, home improvement, gardening and travel. She is a Chartered Financial Analyst and a legal professional with a decade of corporate experience. She writes for several corporate magazines and websites. You can approach her for various freelance writing assignments.