Archive for the ‘Finance’ Category

A Payday Loan Is Not Meant To Reduce Credit Card Debt

Tuesday, October 31st, 2017

A Payday Loan Is Not Meant To Reduce Credit Card Debt


Laura J Solomon

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 from one lender to pay another is only asking for trouble when it comes to reducing your debt. If you don\’t have the money to pay your credit card bill, taking out a loan is only going to make your situation worse because now you have to find a way to pay back the money you borrowed from the payday lender. Most lenders require you have a checking account with direct deposit that way they can automatically withdraw your payment when your paycheck goes into your account. Repayment is usually expected with the paycheck you receive subsequent to when you took out the payday loan.

When thinking about taking out a payday loan in order to make your credit card payment, seriously consider whether or not you will be able to afford to pay it back with your next paycheck. If there\’s a chance you will not be able to make payment to the payday loan lender, look to other options concerning your credit card. Find ways to cut back in your monthly budget (assuming you have one) in order to make your payment. Here are just a few ways you can trim your budget, save money and ensure you are able to make your credit card payment every month:

*Shop around for better auto, home and life insurance rates to lower your monthly premiums.

*Consider getting rid of your home phone line and using only your cell number.

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*Get rid of your cable package or at least downgrade to a cheaper one.

*Cancel subscription magazines, trips to the nail salon, or any other unnecessary costs.

*Budget for your groceries and gas and stick with it!

*Pack a lunch instead of eating out.

*Make coffee at home in lieu of getting a gourmet drink every morning.

*Give homemade goods on special occasions instead buying gifts.

*Set a spending limit at Christmas time and have family members draw names.

*Instead of paying for a gym, use exercise videos or walk/hike.

*Program your thermostat in the summer and winter times to save on cooling and heating.

*If you are tempted by certain retail stores, avoid visiting them or even \”window shopping\”.

*Give! You may be trying to reduce debt but giving to your church and local charities can help you keep things in perspective, encourages you to prioritize, sets a good example for children in your family, and feels good!

Reducing credit card debt by taking out a quick payday loan may be an option if you are confident your budget will withstand paying the loan back. If not, find another solution on top of incorporating the money-saving tips above. You will save yourself money over the long-term as well as lowering your credit card balances and putting yourself one step closer to becoming debt free!

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Want To Buy A New Car? Look Online For Advice}

Saturday, October 21st, 2017

Submitted by: Michiel Van Kets

Many people leave buying a new car until it just cant wait any longer as they find the whole process nerve-wracking and extremely stressful. This is because they know nothing at all about the automobile industry, and think they cant afford it. However, buying a car doesnt have to be a complicated course, just think it through logically and you will soon see how easy it can be.

Identifying the reasons why you need to buy a car will help you to focus on the type of model that will suit your lifestyle and situation. You might want a car to ferry your large family around to school, clubs and outings. Perhaps you simply need to get to work in the city on time in the morning, or are looking for a flash sporty model to impress your friends. Whatever the model or make of the automobile you decide upon, you need to take into account other factors that will affect your decision, such as how easy it is to park, fuel costs, the size of the interior, and safety features included.

So, you have the type of car you need, or prefer, in mind. Now, you should carry out some research to get an idea of what is available on the market at the moment, and how much money you are talking about. On your next day off drive around a few car dealers to see what they have on offer, or better still do it all from the comfort of your home and check out various dealerships websites. Here it is simple enough to check out the models specifications and see if they suit your needs. The great thing about looking online is that you can open up as many manufacturers websites as you like and switch between them for comparison.

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When you find a model that seems to fit in with your requirements then book a test drive at your local car dealership. This will give you a feel for how the car performs and identify any aspects that might pose a problem for you, such as limited backseat space if you are a large family, or a small boot if you travel a lot, or perhaps it uses too much fuel to be economical.

With the price of everything increasing, most of us have less money to play around with, making the decision to buy a car is one that we are putting off until circumstances begin to improve. However, getting the right car loans can mean that is sooner rather than later.

There are lots of lenders out there but choosing the right one for you is a confusing maze unless you have good financial knowledge. Researching options yourself can take days trawling through the different offers, comparing : interest rates, checking out conditions and how flexible they are prepared to be. And thats if you are a regular employed tax-payer with a monthly pay check and good working background. God help you if you should dare to be self-employed or have been in debt at some point in your life.

This is the point at which you really need to look into getting car : finance brokers to help out. Experts in this area, they are able to give you valuable advice and tips on choosing car loans to suit you, and make recommendations, in a lot less time than it would take you to find the car financing information out for yourself.

Car finance brokers can be a god-send. If you are nervous about the whole car buying business, then a broker can assist you with every aspect and detail of car finance. The other advantage to signing up the services of a broker is that they can also negotiate pre-approval. This means you can shop around to look for a car of your choice without knowing that the money is already sorted out and there is you need it.

About the Author: Michiel Van Kets writes articles for GetApproved, trusted by Australians to provide convenient, fast and low cost solutions to finance. Brokers will help clients arrange online car finance, business car loans and other loans and insurance alternatives. Get information on

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