Archive for February 2013
Do Payday Loans And Your Credit Score Have Anything In Common?
One of the best components of a payday loan is that you don’t have to have a high credit score to borrow. In fact, you don’t have to have any credit history. It sounds odd because all the other lenders- credit card companies, auto dealers, mortgage companies- all look at your credit score and history to…Read More
Determine Your Current Financial Standing For A Payday Loan
Often times consumers take out payday loans because they are in a bind financially and they need cash in a hurry. Short-term payday loans, also known as cash advances, can be applied for in minutes with the money being received the very next day. There are no credit check so most people who apply get…Read More
Is A Payday Loan A Debt Trap?
For those of us who have been trapped in debt before; it’s not fun! Credit cards, car loans, or borrowing from friends can make us feel like we are stuck in a financial black hole. A payday loan can make us feel the same way if we aren’t careful. What is a payday loan anyway?…Read More
Is Your Budget Prepared For A Payday Loan?
Payday loans are often times taken out because of an unforeseen or unexpected blow to our finances. As much as we would like to have a savings or “reserve” to depend on when an emergency cost comes up, it doesn’t always work out that way. Payday loans are short-term; meaning, lenders expect to be paid…Read More
Establishing Credit With A Payday Loan May Not Be An Option
If you don’t already have a credit card, auto or personal loan or mortgage, you may be looking to establish some credit history. Payday loan lenders don’t typically run your credit when you apply, nor do they report your payment history (or default) to the three major credit bureaus: Experian, Equifax, and TransUnion. So taking out a short-term…Read More
Using A Payday Loan For Education Expenses
Going to school has become increasingly more expensive. The cost of tuition, books, school supplies and living expenses can get high. Should a payday loan be used for those expenses if you aren’t able to pay out of pocket? If you are a student of any age, you may be in the same position as many other scholars who…Read More
Protect Yourself From The Flu And Payday Loan Debt
Having the flu can be expensive: trips to the doctor’s office, missed work, tissue, cough drops and flu medicine. Staying healthy and out of payday loan debt is better for your body and your bank account. Hospitals around the country have seen a major flu outbreak; bigger than the swine flu outbreak of 2009-2010. Not only is…Read More
A Payday Loan Is Not Meant To Reduce Credit Card Debt
Is reducing your credit by getting a payday loan a smart way to handle your finances? Payday loans are short-term cash advances that are to be paid back with the borrower’s next paycheck. They too are considered a form of credit in that you are borrowing with the assumption that you will pay back. Borrowing…Read More
Paying To Put Gas In Your Car Shouldn't Require A Payday Loan
The price of gas has gone up again. For those of us who spend a great majority of our time behind the wheel, affording gas shouldn’t require a payday loan. It seems, though, that the rise in payday loans taken out these days has been caused (in part) by the high cost of living. Even with the…Read More
Payday Loans Don't Carry Special Offers Like Credit Cards
Getting a payday loan is pretty cut and dry: apply online or in-store, give the lender information about your job, monthly income and bank account, get approved and have your money in the bank the next business day. In unique cases, it may take a little longer but over all, it’s the fastest and most convenient way to get cash in…Read More