What Good is a Payday Loan?

It’s hard to be self-reliant these days. Most of us, don’t even know how any more. For the most part people are woven up into the economic fabric of our nation and completely dependent on the need for money. Unfortunately, in today’s economy, more often than not, the need for money exceeds the money that is available. This is the reason more and more people find relief between paychecks with a fast payday loan.

Most people have heard of these fast, easy loans that can tide you over before your paycheck is direct deposited into your bank account. There are payday lenders and cash advance stores in actual storefronts and online in great numbers. With the decline in the economy, all of these offices are thriving. The good thing about this sort of loan is that it’s instantly available to just about anyone with a checking account and a paycheck that is direct-deposited into that account. This is a real plus in the case of true emergencies in which you absolutely must have funds to meet a medical emergency or some other absolutely necessary expense.

Another good use of a payday loan is to prevent being overdrawn. If you know you have an outstanding check that will overdraw your account, this is a good way to cover it because the fees are likely to be less than overdraft fees if the amount of the check is relatively small. On the downside, repaying this sort of loan can really cause you some problems because it comes right out of your next paycheck along with some pretty steep fees.

If you need every penny of every paycheck, it’s easy to see that this sort of arrangement will cause you to come up short; however, the last thing you want to do is set up a vicious cycle by getting another advance on your next check. If you have had to take a payday advance, it is wise to use the time before your next check to figure out how to get some extra money into that account so that you will not have to continue requesting advances. When used prudently, a payday loan can be a very helpful tool in maintaining your finances; however, you must always remember to proceed with caution.

Uses for a Payday Loan

There are many different ways that a person can put some extra cash to use. While some people think that the uses of a fast payday loan are limited to certain events and emergencies, it really is not. In fact, the lender will never ask you what you intend to use the money for. Instead, you will simply receive a cash deposit into your account that you can use just like any other cash that you make or receive. However, people still often choose to use the money in specific ways. Here are ten of the most popular uses for a payday loan:

1. Emergency Car Repairs: We have all been in the situation where the car breaks down and there is very little that you can do about it. At the same time, you need to be able to get to work in order to make the money to repair the car. In these instances, an instant approval payday loan can save the day and get you the cash that you need to handle these repairs in stride.

2. Unexpected Medical Needs: No one can predict when they will get ill. People suffer from a variety of different issues medically, and not all of them can wait until the doctor has time to review the symptoms. As such, having a way to get fast cash when you need it will help you cover these needs so that you do not have to suffer until payday.

3. Avoid Late Fees: Overdraft has happened to everyone at one time or another. Perhaps the most difficult part of the overdraft spiral to recover from, however, is the many fees that can be automatically deducted from your account when you make a mistake in your figures. Everyone has done it, but in the past, you would have to suffer the fees and slowly make your way back to a zero balance. A fast payday loan, however, can quickly provide the money directly in your account so that you do not have to worry about anything being charged an overdraft fee.

4. Pay Off Debts: Americans have many things that they have to pay on each and every month. Many of these things have huge interest payments associated with them, and it can be difficult to get ahead if you are in such a situation. Instead of paying the minimum and scraping by for the next thirty years, consider obtaining a low fee payday advance that you can use to pay off the debt without having to incur huge interest charges.

5. Vacation Money: Sure, a vacation doesn’t sound as dire as emergency car repair, but to prove the fact that you truly can use this money for anything you wish, many people choose to use it on their vacation. This income can simply be used for some extra spending, or you can put it towards something specific. Either way, no one will complain when you have extra funds to draw from when you are away.

As you can see, there are many different uses for a payday loan. No matter what your own specific reasons are, however, you can easily get an instant approval payday loan today. Lenders do not ask what the money is for, and as long as you are able to repay the borrowed cash on the day that it is due, then you should have no problems at all.

There are tons of uses for a payday loan, what’s yours?

Things to Look Out for When Getting a Payday Loan

Payday loans can be very dangerous if you fall victim to one of the predatory lending scams out there. If this is your last or only option, it is very important that you are as informed as possible before you sign a contract. Some payday lenders are not as trustworthy as others, and there are some things you should look for to prevent them from taking advantage of you.

Extremely High Interest Rates

While most payday loans come with high interest rates, you should definitely avoid those that seem higher than the rest. Some states have laws restricting how high payday lenders can set their interest rates, but not all. Make sure you read the fine print so you are aware of the interest rate, and don’t be afraid to shop around to find the best rate for you.

Predatory Payday Lenders

Sometimes, these lenders can be very difficult to spot, but there are a few things you should look for to recognize when they are trying to take advantage of you. The following are a few signs of predatory practices.

• Lenders who don’t consider your ability to repay – Many payday lenders don’t look into your financial background, but some of them do this because they are trying to get your money. They may try to convince you to take out the maximum amount because they count on you not being able to repay, which means your loan will continue to collect interest.

• Very strict terms about your postdated check – Again, this is a typical practice for payday lenders, but if there are terms that will result in a lawsuit if your check doesn’t go through, you should be very careful

• Mandatory arbitration clause – This clause means that you aren’t able to sue your payday lending company for taking advantage of you.

Hidden Terms

Not only do you have to worry about reading your entire contract for these predatory terms and conditions, but you also have to worry about the terms they aren’t showing you. Some companies will intentionally leave out these hidden terms until after you have signed the contract and taken the loan. The following are a few of the most common fees payday lenders try to hide.

• Service fee – This fee could be permitted in your state law, but payday lenders still try to use it to make more profit.

• Rollover fee – When you can’t repay your payday loan on the date agreed, most payday lenders will let you rollover the loan until the following payday. Your state laws should limit this type of fee, so make sure you know your rights.

• One-time membership fee – This fee is usually from about $10 to $15, but this small charge could be illegal.

Problems with Using Debt Settlement Companies

It seems like commercials for debt settlement are everywhere. This is especially true with television and radio advertisements. The companies seem to be offering a great service, and some of these commercials make it seem like you would be an idiot not to take advantage of the service. Basically, you give them your debts, and they work with your creditors to negotiate and lower the amount of debt you owe. You will then be able to pay off your creditors at a reduced amount. Who among those saddled with great debt would not want to do this?

Too Good To Be True?

Like most things in life, if it sounds too good to be true, it probably is. Debt settlement companies are no exception to this saying. They will make many claims, but in the end, there is no guarantee that they will be successful in reducing your debt. This is true because they have little, if any, legal standing. At most, they will vaguely threaten your creditors. If the creditor does not reduce the debt owed, they will end up with nothing. However, there may be little incentive for a creditor to give in to veiled threats. They can always take you to court and get their money through legal channels.

The Biggest Downside with Debt Settlement

It is often true that a debt settlement company is unsuccessful, and you are left owing fees for an unsuccessful negotiation of your debt. To make matters even worse, your credit rating will be severely affected. One of the requirements that a company will demand of you is that you stop paying your debts. This is attractive to many people who are burdened with a lot of debt, but without a settlement, there will be a large amount of late payment marks on your credit report. Another requirement that is common is that they will ask you to turn over power of attorney to them. This is usually a bad idea in most areas of your life, let alone situations with debt relief.

A Lack of Regulations

Another downside to this type of service is that there are there are few laws on the books to protect consumers. The abuse the consumers have felt with deceptive advertising and undisclosed fees are just now being seen at the national level. There have been some laws passed at the provincial level, but they have not yet been robust enough to make a difference to the consumer.

In the area of advertising, there are a wide range of techniques used to get your money. One is that they will claim they are sanctioned, in some way, by the government, but there is no legal path to have this done. Others will claim that they have one or more attorneys on their staff. This claim means nothing as they are not engaged in any sort of legal activity. Others will claim that they will succeed in reducing your debt or not charge you. However, the contract you sign will assuredly have fine print that turns out to guarantee the debt settlement company a profit.

Conclusion

It is best to avoid this type of company altogether. It is not that there is no such thing as debt settlement, but when it is done properly, it is usually by an attorney. This type of attorney is one that specializes in bankruptcy. This type of lawyer can negotiate with your creditors with genuine clout and have the ability to file for bankruptcy if this is the best path for you. The regulations regarding attorney conduct are well documented, and you will most likely have a better experience with a lawyer than a debt settlement company. Most importantly, an attorney has your interests in mind and will be your advocate with legal issues concerning your debt.

10 Ways to Save 100 Dollars Per Year

Saving $100 a year might not sound like a lot, but with if you follow of these tips you’ll be able to save over $1000 in one year. That’s a good start on an emergency fund or a retirement account. Even if you spend everything you make, you should be able to follow these suggestions

1. Cut back on your cable or internet

Eliminating one premium channel or reducing your internet speed can lower your bill by $10 a month or more.

2. Lower Interest Rates on Your Loans

If you have good credit, you can qualify to lower your interest rates on many of your loans. This can save you thousands of dollars a year for very large loans

3. Use coupons at the grocery store

You don’t have to spend hours looking for bargains. Just clipping coupons for items you buy the most frequently can help you to save a few dollars every month

4. Stop buying fast food

A typical fast food meal only costs a few dollars, but avoiding it can save you just enough to start a savings account. Instead of running through the drive-through, pack your car with a few healthy, non-perishable snacks. In addition to saving money, you’ll probably also see your health improve. If you start to lose weight or have lower blood pressure, contact your health insurance company about getting your premium lowered to save even more money.

5. Turn your temperature up or down a degree

Turning the temperature of your thermostat up a degree in the summer can knock about 2% off your energy bill

6. Stop using your clothes dryer

A clothes dryer can increase your energy bill by ten to twenty dollars a month. Hang up as many clothes as you can

7. Pay attention to your bank fees

Watching your overdraft fees is important, but many accounts charge small amounts for going under a certain balance or using another bank’s ATM.

8. Tune up your car

Keeping your tire pressure up can lower your gas costs. Oil changes can help your engine run more efficiently

9. Water your lawn a little less

Setting your sprinkler system to water just a few minutes less probably won’t affect your grass too much, and it can save you thousands of gallons of water a year

10. Take on a little extra work

Look for ways to earn more. Charge for babysitting, pet sitting, or make your own salsa for sale.

3 Reasons you Should Use an Accountant to do Your Taxes

With tax time upon us, it’s important to make sure you get yours done right. The fast payday loan experts at Premier Payday welcome guest poster Sandy Landsford, who explains to us why it’s a good idea to hire an accountant to handle yours.

The decision to hire an accountant is not always simple. With the ability to file taxes directly through computer programs, it can seem like the accountant is too costly. While an accountant might not be appropriate for those who have only one source of income and limited deductions, anyone who has more complicated tax requirements will find that an accountant is useful in getting the best tax savings.

Finding Tax Write-offs

A major reason that an accountant is worth the added expense over the use of software programs is the ability to find tax write-offs that are often overlooked when personally filing the paperwork. A program has limited ability to find the write-offs that apply to individuals.

A wide range of tax write-offs are available that can help reduce the expense of tax payments. Personally filing the taxes can result in missing some of the more obscure options like vehicle use or car insurance that might apply to a particular situation.

Situations where write-offs like vehicle insurance and use might apply include:

Using a vehicle for business travel

Owning a business and using the car for the company

Self-employment that requires driving

Write-offs are not only related to vehicles in situations like self-employment or business expenses, though the car costs are often overlooked in personally filed taxes. Other expenses, like office supplies or even rent, might also apply to the particular situation.

An accountant is able to determine when the situation warrants particular tax write-offs that are not necessarily common or that are easily forgotten.

Saving Time

An accountant works out the number-crunching and filing aspects of the taxes. When it is impossible or difficult to file taxes due to time constraints, hiring an accountant is usually worth the expense.

Time is valuable, particularly to those who are self-employed or own a business. Unfortunately, taxes can take hours or even days to file personally because of the preparation, gathering of paperwork, and the details of filling in the forms.

An accountant is useful in a situation where time is limited and it is not possible to set aside a few days to work out the details of filing taxes. The only part an individual needs to worry about is the time necessary to gather the appropriate paperwork. For most individuals, this means simply giving the accountant W-2 and 1099 forms that are sent in the mail. Other paperwork, such as a stock account or business taxes, will require a few additional preparatory steps, but ultimately the accountant will limit the necessary time spent in putting the taxes together.

Complications

Complications to the taxes might arise at any time. Complications range from moving to a new state in the middle of the year, working in one state while living in another, the birth of a child or a change in marital status. Having an accountant work out the details of how these life changes impact taxes makes the situation much easier.

It is a fact of life that complications and changes occur. An accountant is better able to handle the changes and file the paperwork so that the maximum savings are available on the tax forms.

Getting the maximum deductions that are available in any tax situation, whether it is related to a new birth or it comes from a move, will make it easier to bring in the maximum tax savings for the year.

An accountant is often worth the expense, at least for those individuals who have anything more than the most basic necessary paperwork. With complications like deductions, write-offs, or even just time constraints, an accountant is a valuable individual to help get the situation under control. An accountant saves time and is able to get the maximum deductions due to in-depth knowledge of taxes.

Bad Credit Loan

Tired of getting continually denied for a personal loan that might make the difference between being able to keep your bills up to date and falling too far behind to really catch up? If this sounds like a familiar scenario to you, then you have come to the right place. Even if you have bad credit, getting a loan to meet your current financial needs is not impossible. On the contrary, there are lenders out there who are waiting to send you a loan overnight without ever checking your credit report!

This bad credit loan deal might sound like it is too good to be true, but it’s not. In fact, more and more people are taking this route when faced with financial trouble in modern economic times. Not only are these people able to get cash fast, but they are able to worry about things other than if they were approved or not. What if you could put that fear to rest in just five minutes? Would your total peace of mind, knowing that the money you need will be in your bank account when you wake up in the morning, knowing that you will be able to meet all of your financial obligations and emergency circumstances, and knowing that you are already approved be worth five minutes of your time? That’s all it takes to fill in the short form on the top right of this page!

A bad credit loan is easy to apply for. Using the latest technologies, Premier Payday Loan Source takes the information that you provide and matches it against our extensive database of lenders. After a short search, the best possible match is made and you, the consumer, are connected with the perfect lender who will provide a bad credit loan for the amount that you need in as little as a few hours. Almost all loans are directly deposited into your personal checking or savings account by the following morning. And what’s more, there are no restrictions on what you are able to use this money for. You will never have to worry about meeting strict guidelines or sneaking around to meet the financial needs of your family.

Regardless of what your financial needs might be, a bad credit loan is the very best way for you to make it through the most difficult of any family related finance problems. You can get a bad credit loan regardless of your credit history; the bad credit loan lenders who participate in this program don’t even check your credit in relation to extending you a loan offer. The process is simple and painless; only requiring you to take five minutes to fill in a simple, guided application form near the top of this page. You could have the cash you need tomorrow, so what are you waiting for? Fill in the form and gain your peace of mind today!

Bad credit personal loans

Are you in need of an unsecured loan? Do you need this particular loan to be no less than $5,000? How is your credit standing? Most people today are dealing with credit problems and belong to the poor credit ranking category. You’re in luck if this describes you since there are still means to receive $5,000 bad credit personal loans. Here are your recommended opportunities.
These loans are a short term credit help that would not allow you to deal with the hassle of security pledging. Get rid off all of the annoyance associated with collateral appraisal as well as corresponding paperwork. It makes the application easy and authorization quick in nature. The cash that could be borrowed is also quick and may range from 100 to 1500 along with simple and versatile payment period of 14 to 31 days. Benefit from the funds easily by spending it for just about any immediate purpose.
Gone will be the credit standing checking annoyance. Consequently, don’t be afraid to find the help of bad credit personal loans. In case you have bad factors like insolvency, house foreclosures, bankruptcy, CCJ, arrears etc., you are able to still apply for this unique effortless money assistance.
There aren’t any substantial personal loan conditions which should be followed to benefit from the personal loans for bad credit authorization. You just have to be a permanent citizen of Us and must be person of legal age with 18 years or more. Furthermore, you ought to be continually working getting a minimum of 1000 per month and must hold a legitimate and active checking account. Meeting these requirements will enable you to match all your funds trouble on time.
In case you are stressed and need extra finance to handle your cash emergency fast, submit an application for personal loans for bad credit. Now, you don’t need to handle more of the trouble as it’s a quick financial deal which has no credit issues.

Loans for bad credit

Currently, undesirable credit ranking is not really an obstacle for obtaining desired funds through credit. To be able to deliver financial help to poor creditors’ lenders have planned the loans for bad credit in order to also reply to their urgent needs and restructure their damaged integrity. Through repaying the approved cash when they’re due it’s possible to simply improve the lost financial position in the money market.
Various tips for obtaining unsecured loans for bad credit are listed here:
1. Credit Card Debt – This type of personal loans are in most cases supplied to the credit card buyer by the issuer. You are able to use your credit limit to cover any purchase or for funds without the need of overtaking the contracted limit. Effectively, it is a funding by the credit card merchant. It’s important to pay off the amount of money borrowed and the interest as detailed in the credit card contract. The difference between a credit card and a debit card is that in cases like this, the vendor does not take out any money from your savings account. On a monthly basis you get the credit card bill stating the total amount due as well as the minimum sum that ought to be paid off. In credit card debt the interest rate is less affordable as compared with what is charged within alternative unsecured loans bad credit.
2. Lines of Credit – A line of credit is actually a practical method of receiving credit with regards to house maintenance, travelling as well as to purchase anything you want to but are lacking sufficient cash. Nevertheless to be eligible for this type of personal loan, often the lender would need a good credit record and constant employment.
3. Bank over-drafts – You can be entitled to this type of unsecured loan if you have maintained an excellent relationship with the bank. If the withdrawals in your bank account overshoot your balance, the account goes into a negative balance, meaning thus that the bank has loaned your withdrawal. When you have a previous bank overdraft agreement with identified overdraft boundaries, any withdrawals are going to be charged at the fixed rate. On the other hand if you do not have a contract, the bills can be expensive.
4. Pay day loans – The most widespread personal loans are generally payday loans. You’ll be able to acquire from $100 to $1500 for a short term but at a really high rate of interest. The cash ought to be repaid on payday. If you fail to repay the credit on the appointed day, you’re able to pay off the fees and roll it over for the next time period.
Loans bad credit give you budgeting assistance within twenty four hours of approval. You might use the credit sum for your minor requirements such as telephone bill, medical expense, car maintenance, university fee and so on. These loans do not require any security pledging because they are unsecured loans. Hence you can receive these cash advances without possessing any valuable assets.