And so it has finally arrived. It's a $500 check from your credit company easily deposited into your bank account a mere hour after you've applied for that fast payday loan. It's your anticipated allowance and spending money for that unexpected expense. It's that much awaited relief from the financial squeeze.
Your immediate thought, I have to go grab something really good to eat! Or perhaps, finally buy something fancy! This is something I should at the very least enjoy for a day! Sure you needed that loan to tide you over until the next payday two to three weeks from now, but a single purchase in your favorite shoe store wouldn't hurt. Or would it? Think again before you romp off for that once in a lifetime spending spree. Be very careful as it could very well be that-- just once in your lifetime.
Its the spend today, eat drink and be merry virus that's hitting fast payday loan clients like the ebola. Its the same virus that keeps them tied to one loan after another, rolling over their loans up to the next payday month after month. Be very careful. This is one virus you should definitely try not to catch. That is unless you're up for some really serious and occasionally painful thrift trip in the coming months. Otherwise you will find yourself being chased by credit card companies and lending corporations left and right. No, you definitely do not want that.
Getting a loan exactly means having money to spend today but scrimping tomorrow, in order for you to avoid that cycle of acquiring loans one after another.
So, once you get hold of that check, spend it solely and only for its intended purpose. If it was meant to pay for expenses in a family emergency then that should be about it. If your payday loan exceeds the amount you actually need then save it. It won't be a good several days until the next payday. You have to make sure you have something saved up for your everyday expenses such as food and transportation.
Save up when you can. If there's a cheaper alternative to your favorite meal or if walking once in a while saves you that few precious dollars then go right ahead. Try not to eat out often and opt to wait for that movie to be shown on TV instead. Missing the latest trends in fashion and Hollywood today isn't really so bad. I have not heard anybody die from it so just skip that movie and ignore that shoe sale.
These little sacrifices could mean missing the latest trends or waking up a little bit earlier than usual and sweating it out once in a while. It could mean spending your weekends off just right in front of your television or perhaps just cleaning your backyard or your room. No matter, once your loan has been paid off, you will know that it was all worth every single penny saved in the end.
Need a fast payday loan?
Friday, July 15, 2011
WHAT YOU NEED TO KNOW ABOUT A FREE PAYDAY LOAN
What is a free payday loan?
A free payday loan is an interest-free loan granted to first time customers as long as they are able to repay the loan amount in full on the payday following the release of the loan. The loaned amount is charged against the borrower’s paycheck. Interest charges apply on the succeeding loans.
How much is the interest charged on the loan?
Interest rate varies, depending on the amount of loan and the agreement or considerations set by payday lenders. On the average, though, for every $100 loan amount borrowed, you will be charged anywhere in the range of $10-$30.
A free payday loan is an interest-free loan granted to first time customers as long as they are able to repay the loan amount in full on the payday following the release of the loan. The loaned amount is charged against the borrower’s paycheck. Interest charges apply on the succeeding loans.
How much is the interest charged on the loan?
Interest rate varies, depending on the amount of loan and the agreement or considerations set by payday lenders. On the average, though, for every $100 loan amount borrowed, you will be charged anywhere in the range of $10-$30.
Debt Spirals
As debt spirals out of control for more and more people it can be difficult to understand the options available to you to get your financial stability back. There are a number out quick options, but these can often further your outstanding debt.
An IVA, also known as an Individual Voluntary Arrangement is one such way that people with large debts can help reduce their monthly or weekly payments to their creditors, but what exactly is it? I will explain what this involves during this post.
An IVA is a legally binding agreement between all of your creditors to reduce the amount that you pay back. Because an IVA is arranged to help you reduce your debt in its entireity, the likelihood of you clearing the debt is often much higher.
An IVA, also known as an Individual Voluntary Arrangement is one such way that people with large debts can help reduce their monthly or weekly payments to their creditors, but what exactly is it? I will explain what this involves during this post.
An IVA is a legally binding agreement between all of your creditors to reduce the amount that you pay back. Because an IVA is arranged to help you reduce your debt in its entireity, the likelihood of you clearing the debt is often much higher.
What Is an Equity-Indexed Annuity
The Securities Exchange Commission (SEC) defines an annuity as a contract between you and your insurance company. Essentially, you pay into the contract, either in a lump sum or over time, and the contract makes periodic payments with interest at the end of the term. Terms can vary significantly, and cancelling early can have serious consequences. Typically, a longer term contract will have more time to break even and make bigger periodic payments at the end of the term. Due to the complex equations for calculating interest earned, it is always best to clarify each term of the contract before you commit to an investment. How Equity Based Annuities Work Equity indexed annuities are linked to an equity index, typically the S-P 500, though other indexes may be used. Linking to an equity index allows the annuity to accumulate interest at varying rates based on the change in the S-P 500, rather than on a restricted contract-based rate which may or may not remain favorable to your annuity. There is no need to worry that the index-based interest calculation will be unfavorable, however. Each annuity contract states a minimum interest rate so your interest will never fall below that set level. In other words, it is hard to lose with an equity indexed annuity. Features to Look for in an Equity Indexed Annuity There are several features of annuities which combine to make them a stronger investment. First, averaging is a protective measure if you initially buy into an annuity at a high point, or if there are severe changes in the linked index. Second, the participation rate of the annuity is important for you to
The Top Ten Reasons Why People Need Long Term Care Insurance
10. The government isn't going to pay for long-term care at home, in a nursing home, or in an assisted living center. Medicare pays 100% of long-term care for 20 days and all but $95.00 per day for the next 80 days--after that nothing. However Medicare only pays for skilled care and most long term care is not skilled care.
9. The national average cost for nursing homes is approximately $105.00 per day. Assisted living ranges anywhere from $50 - $90 per day. If you live on the Eastern Seaboard you can easily spend $50,000 to $80,000 for a year's stay in a nursing home. These costs are perfectly capable of wiping out a lifetime of savings-not to mention the emotional effect long-term care has on a family.
8. A Harvard University study showed that 69% of single people and 34% of married couples would exhaust their assets after 13 weeks in a nursing home. 13 Weeks = 91 days!.
7. At age 65, a woman has a one out of two chance of spending some time in a nursing home. A man has a one out of three chance. In the case of men, mortality catches up with morbidity.
Retirement Help from Annuities
Growing numbers of Americans now see that they may not get enough money (maybe none at all) from Social Security to pay for their retirement. It is sad in a way that an economic crisis had to remind many otherwise educated people that they should take some responsibility for their future by saving, investing and living within a budget. With the banking and credit problems that began in 2007 getting worse over the subsequent years, there has been renewed interest in funding the "golden years" in Florida or Arizona, two popular retirement destinations. In addition to bank accounts and stocks, many people are looking to get retirement help from annuities too. Annuities, sold by insurance companies, are simple financial arrangements when you examine them. People invest a lump sum, or pay a number of fixed amounts called premiums, to the insurance company. Then at an agreed upon time, they begin receiving a series of payments in a fixed amount, typically monthly, which will last the rest of their lives. A lot of calculating, of interest rates and time considerations, goes into figuring out the amount paid in so that it can pay for the later amounts going out. The insurance companies
Best Insurance Company Ratings - The Basics of Health, Auto and Life
Knowing the best insurance company ratings is integral to buying the best possible policies to cover your health, auto and life. It?s not always the cheapest rate that will garner the best policy. Of course we?d all like to spend less money on the necessities of life and more on the fun things but attention needs to be given to the qualifications of the companies and the adequacy of the coverage being supplied.
What Do Rating Companies Look For?
There are three major companies or services that are in the business of rating insurance companies. Independent rating agencies, these financial analysts make sure that the insuring company is financially sound and will be able to reliably meet its obligations when claims are filed. The rating process measures each company?s overall strengths, evaluating ability to pay dividends, meet liabilities and, acting in the role of prophet, projects the company?s future business prospects.
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