National Payday
Loan Blog

It might be time to change the famous wedding vow “‘Till death do us part” to “‘Till I don’t want you anymore.” Divorce hits hard and hits often; the oft quoted statistic is that half of today’s marriages will end in divorce. A divorce is very difficult emotionally and is extremely complicated financially. Divorce law states that all assets and debts will be split equally between the two parties, which often results in one or both parties ending up with more debt than they were paying before. On top of the equally split debt, each person must now pay for their own living costs too. Any previously financial plans must now be reworked with a single income in mind; this can be especially hard if you have children. It’s another worry on top of the hardship that divorce itself brings, but there are a few things you can do to make the transition more managable.
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It’s a New Year and you may have decided to lose weight or get a new job. One area that is perfect to review in January that many people overlook is finance. Setting financial goals can be part of your New Year’s resolutions this year and can help you achieve other goals, too. Setting financial goals requires the same discipline and commitment any other resolution takes, but at least there is an easy road map to follow. (more…)

If you are in over your head in debt and wonder why, one expert at least suggests you look in your medicine cabinet for the cause. A condition known as hypomania can be triggered by antidepressant or stimulus use, and now it is also being linked to excessive gambling habits, absurd shopping sprees, and irrational and risky investment decisions. While no one is suggesting that taking a few physician-prescribed pills can cause you to lose your mind enough to take on loans or spending habits that make no sense, they suggest that people who are in a state of hypomania make irrational decisions, which can cause devastating effects to their finances. They are still in full control of the decision to buy, simply in a state of such financial optimism they fail to see the consequences of their action. (more…)

Credit cards have fueled buying sprees since they first were issues, but understanding how long it takes to pay off that debt can be something of a mystery. The recession closed down credit lines and put a crimp on easy credit, but almost 40 percent of the U.S. population still carries a balance on their credit accounts. This does not even begin to address the other types of lending like home mortgages, cars, school loans, and medical bills that may be financed over a long period of time. What’s a consumer to do so that they can be sure they’re not taking on too much debt? Fortunately, there are numerous online calculators that can help the average borrower figure out whether they can afford that new car or whether it’s a better idea to pay off the credit card balance now. (more…)

Christmas bonuses, pay raises, or simply some extra holiday pay in one’s pocket can leave one wondering: What is the best use for extra cash? Should you pay off debt or save it for a rainy day? Having a short-term financial windfall is a great way to catch up on debt, but it may not always be the right answer. First, you must answer a few questions before you make your final decision. (more…)

I’m not talking about on your documents. I’m talking about your money, and consequently, your life.

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The economy is revving up and so are new car prices. The average price for a new car in the United States is now between $20,000 for a compact up to $30,000. These are not even luxury car prices which can go for far more. That has created a dilemma for cash-strapped families who just now may be digging themselves out of the debt from the Great Recession. Do they buy a new car and take on years of new debt or do they buy a used car and pay less upfront?

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You don’t have to be Superman or Wonder Woman this Halloween season to have good reasons to protect your identity. The fact is that cybercrime has become so worrisome that October is now heralded as National Cyber Security Awareness Month.  Part of the month’s festivities includes an entire “Protect Your Identity Week,” which runs the week of October 20th to the 27th. Here are the top 5 ways experts think can go a long way to maintaining your privacy and your financial health for the future. (more…)

Having a broken-down car sucks. But like other things in life that end up on bumper stickers, “It” happens. To the best of us, the worst of us, and everyone in between. A bunch of questions come to mind when your car breaks down. Let’s answer them. (more…)

Military families have unique financial challenges that other families do not face. They tend to move quite frequently. The pay may be low. Pension plans are available, but only if you stay in the military for at least 20 years. Otherwise, you don’t get anything. There is no partial vesting. It is important for military families to take control of their finances so that they not only meet their day-to-day expenses, but also plan carefully for emergency or future costs and their retirement. (more…)