Payday loans online are the most readily available source of fast cash you can find. Anyone who needs to get a little extra money for personal purposes can apply quickly, with no questions asked! Best of all, you can apply for the loan, sign the contract, and make all of your payments entirely online. (more…)
Payday loans are available 24 hours a day, 7 days a week. If you have computer access, you can apply anywhere, any time. They are the go-to loan for people who have bad credit or no credit at all. That doesn’t mean there aren’t alternatives.
If you are in dire need of financial help, but don’t want (or can’t access) a payday lender, what are your options? Well, there are actually many alternatives available to you! Some are good, others not so good. That is for you to decide.
To help you make your decision, here is a complete list of alternatives to payday loans. (more…)
A lot of lenders will brag about having the lowest rates or the best deals. But when you want more details – when you want the actual facts and figures involving their loan rates – they become much more elusive.
It’s easy to say “we beat out competitor” because legally, you don’t have to actually prove that it is true. Saying “we are the best lender” is one thing, but advertising false numbers for your loan rates is another. It is, in fact, illegal.
For this reason many lenders will bury the truth deep within the fine print of their contracts and paperwork.
It’s up to you, as the borrower, to put aside all the bold misleading statements and figure out what your bottom line is going to be.
In other words, how can you find the best loan rates? (more…)
For those of us who don’t have great credit, a large savings account, or a card with a sky-high limit, payday loans are one of the few options we have when we need to borrow money.
Payday loans are not to be used lightly. They are an important tool in your financial toolbox, but must be handled with care. Like many other tools, they are perfectly safe if you use them correctly, but you don’t want to fool around with them for no good reason!
In other words, don’t juggle chainsaws, and don’t play with payday loans.
That said, these loans can be remarkably helpful if you know how to use them. (more…)
Godzilla vs. King Kong, Alien vs. Predator, Freddy vs. Jason. Intense rivalries where you cannot afford to back the loser.
Credit Cards vs. Fast Loans is another battle for the ages. One you cannot afford to lose. But how can you be sure who will prevail?
It’s all up to you – playing your situation in the best possible way to make sure that YOU are the winner. Not the lender, not the credit company, but YOU will be the one that comes out on top. (more…)
People who have started their New Year’s resolutions are either dieting, trying to quit smoking, or going on the wagon. Either way, a new healthier you can also mean a wealthier you. Some positives about the economic situation are that many people are realizing that their unhealthy habits can cost them big bucks. Drinking, overeating, and smoking aren’t just bad for you personally, they’re bad for your wallet. In terms of value, just dropping a few bad habits can put $30 to $50 in your pocket a week. (more…)
After two years of planning and consulting, the Consumer Finance Protection Bureau (CFPB) released its new regulations for independent lenders. These changes are designed primarily for payday lenders, but in fact apply to all small-dollar and independent lenders. Title loans and installment loans as well as payday loans.
The rule changes were instituted as way to “protect” borrowers from “predatory” lenders, but in many ways they seek to protect the consumers from themselves. These changes will prevent many people from acquiring short-term loans, which may hurt them in the short term in an effort to keep them out of the “cycle of debt.”
Basically, the new rules can be summed up in these four guideline regulations: (more…)
Are you familiar with the story of David and Goliath? The massive, unstoppable warrior who was brought down by a humble boy and his slingshot? It is the ultimate underdog story.
So it’s been interesting, to say the least, how the Goliath-huge multi-national banking corporations and business-supported politicians have worked to convince the entire country that independent business owners – the Davids of the world — are the bad guys.
Independent lenders, who deal in such services as payday loans, title loans, and installment loans, have been known to use some aggressive collection practices on those clients who fall behind on payments. Sometimes, they even threaten legal action, including calling the police, to report delinquent payment.
Which leads to todays question – Can you actually be arrested or go to jail for defaulting on a payday loan? (more…)
Payday loans are on the rise in the Great White North! Findings from new studies conducted by the Conference Board of Canada (CBC) and the Financial Consumer Agency of Canada (FCAC) indicate the Canadian payday loan industry is booming. But is this a good or bad thing for Canada and its citizens?
Each of these two reports provides very different kinds of data. When the two are compared and contrasted, it provides some very interesting facts about the financial reality for many Canadians. (more…)