Category Archives: debt

Don’t Qualify for a Bad Credit Loan? Try Advance Payday Loans

Don’t Qualify for a Bad Credit Loan?Bad credit loans are designed for borrowers who have made financial mistakes in the past. These loans are designed for people who do not have perfect credit. However, if your credit score is quite low, you might not even qualify for a bad credit loan. If you have just filed for bankruptcy, for example, and need a loan, you may have a hard time securing a bad credit loan, even if you have a job and a way to repay the loan. Also, if your credit score is quite low, the fees and interest rates on bad credit loans can actually be higher than the interest on advance payday loans.
If you have made a few mistakes and bad credit loans are not an option for you, advance payday loans can be one way to get a loan in spite of your credit history. There are no credit checks with advance payday loans, so as long as you have a job and a way of repaying your debt, you likely qualify for advance payday loans. This can make advance payday loans a great option in an emergency.
Bad credit loans are designed for borrowers who have made financial mistakes in the past. These loans are designed for people who do not have perfect credit. However, if your credit score is quite low, you might not even qualify for a bad credit loan. If you have just filed for bankruptcy, for example, and need a loan, you may have a hard time securing a bad credit loan, even if you have a job and a way to repay the loan. Also, if your credit score is quite low, the fees and interest rates on bad credit loans can actually be higher than the interest on advance payday loans.
If you have made a few mistakes and bad credit loans are not an option for you, advance payday loans can be one way to get a loan in spite of your credit history. There are no credit checks with advance payday loans, so as long as you have a job and a way of repaying your debt, you likely qualify for advance payday loans. This can make advance payday loans a great option in an emergency.
It’s easy to blame payday cash loans when borrowers get into trouble. Some borrowers get multiple payday cash loans and face ever-growing interest rates as the amount borrowed and the interest increase. It is true that payday cash loans cost more in interest fees than many loan alternatives. Companies offering payday cash loans charge higher fees because they take larger risks in lending money. And not all companies offering payday cash loans are the same – some unscrupulous companies charge up-front fees or other costs frowned upon by legitimate payday cash loan companies.
In many cases, though, the problem is not necessarily with payday cash loans themselves but with the way they are used. If you are living paycheck to paycheck (or not even making it that far) it can be tempting to get multiple payday cash loans, but if you have no emergency cash fund, it can be very easy to get overwhelmed with debt. Even small loans can be overwhelming (and damaging to your credit) if you can’t afford to pay them. If you’re not sure how to pay off your payday cash loans, there are many places that can help you. Financial counselors and free financial advice is available through many banks and many communities have free talks from financial experts that can be very useful.
It’s easy to blame payday cash loans when borrowers get into trouble. Some borrowers get multiple payday cash loans and face ever-growing interest rates as the amount borrowed and the interest increase. It is true that payday cash loans cost more in interest fees than many loan alternatives. Companies offering payday cash loans charge higher fees because they take larger risks in lending money. And not all companies offering payday cash loans are the same – some unscrupulous companies charge up-front fees or other costs frowned upon by legitimate payday cash loan companies.
In many cases, though, the problem is not necessarily with payday cash loans themselves but with the way they are used. If you are living paycheck to paycheck (or not even making it that far) it can be tempting to get multiple payday cash loans, but if you have no emergency cash fund, it can be very easy to get overwhelmed with debt. Even small loans can be overwhelming (and damaging to your credit) if you can’t afford to pay them. If you’re not sure how to pay off your payday cash loans, there are many places that can help you. Financial counselors and free financial advice is available through many banks and many communities have free talks from financial experts that can be very useful.
Sometimes, a $15000 loan can mean the difference between medical treatment and pain, or the difference between an education or lack of skills for a job. There are simply times when you need to secure a $15000 loan for an important emergency or purchase. However, in order to secure such an amount you usually need to visit a lender or bank. While payday loan companies sometimes offer loans of up to $5000, these companies specialize in smaller, short-term loans. A $15000 is a larger and longer-lasting form of debt.
You have many choices if you need a $15000 loan. Some credit card companies offer balances of $15000, but for this you generally need a very good credit record as well as a good income. Keep in mind, too, that putting a $15000 loan on a credit card (or spreading the debt over a few credit cards) can be a very expensive way to borrow money.
Another option is to get a $15000 line of credit. A line of credit works like a bank account – you can draw money from the amount and even sometimes write checks on the account. Like a credit card, you can pay a minimum amount on your debt or pay off more of it. A line of credit usually has a lower interest rate than a credit card and can be a less expensive way to borrow money.
Another option is to secure a traditional $15000 loan. After you have been approved for this type of loan, the money is transferred into your account by the lender. If you need a $15000 loan, you will want to consider all options – traditional loans, lines of credit, credit cards, and other loan products. Compare loan products to find the most affordable loan that meets your needs.

We received an ironic notice from EDD yesterday

For those of you who don’t know, California “upgraded” its EDD payment processing system on September 1. It didn’t work any better than the Obamacare exchange, consequently, all Californian’s on unemployment did not get a benefits check until about September 23. By October 15, 20% still had not seen a benefits check since August 23 (we were in that group.) By October 23, they had ‘caught everyone up’ through benefits to the end of September. BTW, we have exhausted our state unemployment with that Oct 23 payout. Fun times.

Here’s the ironic miracle. Federal unemployment was impacted by the sequestration. If you started Tier 1 between April 23 and September 22, your unemployment drops 17.69%. If you start Tier 1 September 23 or after, you are at normal (what you got from State.)

Due to the start/stop of DH working for that company 3 weeks, and the CA software brouhaha, guess when we are counted as starting Tier 1? September 29th. So we still get the same amount as when we were on state, rather than nearly a $90 a week drop. $360 a month would have been a lot to try and make up. So I am grateful for small miracles.

So here’s my question. My odds and ends are keeping us afloat bill payment wise (particularly since DH’s unemployment which covers most of rent has kicked back in.) My O&E money doesn’t quite jive with when cc bills are due, example, I missed the WalMart due date by 1 day, so it got skipped this month. (I’m going to get the $25 late fee tacked on anyway, so I might as well let that payment go towards not being late somewhere else.)

It got me thinking. After 4 walls and car stuff (payment, insurance), should I just start saving up and paying things off? I have a few CCs whose balances are like in the $200-400 range. Rather than make minimums, am I better off skipping a month and just paying 1 off entirely? I know I would rack up, say, $100 in late fees in a month (6 cc x $20ish), but by the time I got to month 4 or so, that would be negligible, and I would be almost entirely out of debt except for 1 CC and the car loan.

Thoughts?

After making the discovery of

how close we truly are to being debt free we decided to celebrate by taking a one day staycation and go on a fall foliage tour near Lake Tenkiller in our area.

I’m so excited about the next six months (who would think you would get excited about paying bills—lol) that I find myself making more and more little payments between pay days. The end result was an additional $10 savings on interest on our Best Buy account this last month, which was kind of like making an additional small payment. LOL! I’m so weird!

After our trip on Saturday we spent Sunday doing more culling out and packing ds to send him off on a 3-5 week walk down of a gas plant. He’ll be home weekends, but this is the first big trip he’s ever done for a company and he was pretty excited about being given an expense account and a rental car.

However, his DR training did show up in the business meetings prior to him leaving when they started talking about sending a company credit card with the four of them or having them charge to their personal accounts and get reimbursed. He spoke up immediately and said “no thank you” to the company credit card and that he didn’t use or believe in using credit cards and he’d prefer an expense check. They quickly complied with his request, after all the owner is a DR fan as well.

So he’ll have to file and expense report when he gets back, but he prefers it that way. Wow! What a difference 4 years makes.

Ds won’t eat beans (allergies, plus he doesn’t like the texture of them) or onions. So while he’s traveling we are definitely on a beans and rice, rice and beans menu around here with LOTS of onions thrown in. Today’s dinner is Spicy Ranchero Beans (Pioneer Woman, aka: Ree Drummond recipe) and cornbread.

I plan Red Beans and Rice this week, followed later in the week with Hoppin’ John. Beans and rice, rice and beans, food storage rules!