Uses For Personal Loans
There are so many situations wherein a fast personal loan could help you meet financial obligations and dodge penalties and fees. When you finally have a company pinned down that will be willing to speak with you regarding your situation and offer you the chance to have a quick personal loan, then you can access the resources required to take care of various situations.
Car repairs would be one. Oil change may not be a major expense. But if the transmission on your car requires replacement or your engine block gets cracked, then a personal loan could come in handy.
Medical bills, of course, are included. People who have health insurance may not opt for personal loans. However, in emergency situations, you could learn that your insurance would not cover everything that has to be paid for. Crutches or knee braces, for example, are usually not included in your health insurance.
You may need a little help from a personal loan with your bounced checks as well as late charges. Your bills aren’t getting paid for and you are struggling with late fees and other penalties. Your credit could suffer from damages and your future purchases is at risk, in case you would need a loan
If you opt for a check that you will use for an emergency repair, in which case, you cannot cover until you get paid, and you aren’t gonna get paid for two days or three, then such check is likely to bounce. The vendor will be upset, and you’ll have bounced check fees from your bank to boot.
Fast personal loans offer convenience on so many levels. When you find yourself strapped for cash to pay for emergency situations wherein you don’t have enough resources to pay on your own, you may opt for a personal loans that will help improve your situation.
Categories: Loan Articles Tags: fees, insurance, loan, loans, Personal, personal loans, Uses
The Real Deal: New Twist on Payday Loan Scam
If your loan lender is legitimate, they will never ask for upfront fees. The amount of the fees and the loan will be directly withdrawn from your checking account; hence, there is no need to send the lender any money. What else are considered red flags in payday loans? Watch this video.
Categories: Loan Videos Tags: considered, else, fees, loan, Payday Loan, payday loan scam
Credit Cards For Bad Credit No Deposit
Looking for credit cards for bad credit sans any fees, particularly if your credit is extremely bad, can be an exhausting and usually unrewarding process. Numerous applications, getting declined, can leave you feeling like it’s totally impossible or that these cards that come with no fees do not exist. But what’s the deal? Watch this video.
Video Rating: 3 / 5
Categories: Loan Videos Tags: Bad Credit, Cards, Credit, deposit, especially, extremely, fees, usually, Video Rating
Payday Loans and Fees
Depending on where you get a payday loan you will find that most places charge around $60 for a $300 loan. You will sign an agreement with the lender, agreeing to repay the loan (generally) in two weeks. After the timeframe if you do not have the reimbursement, thus you can repay the charge and extend the loan up to two more weeks. The problem is it gets expensive, and if you exceed a limited time for reimbursement of the loan, you may pay higher charges.
Therefore, if you need a payday loan make sure you only take out what you need and repay the loan after the two weeks if possible. You will repay the balance borrowed and the loan fee. This can save money overall if you have shut-off notices, since in some areas the price to reinstate your utilities equals out the balance of a payday loan.
Many areas online offer payday loans. Some of the sites offer loans up to $1500, however if you do not meet the regulations you probably will not receive this amount. Otherwise, if you need a loan this steep make sure you can repay the balance after the time allotted. In addition, you will probably pay a $100 or more on a loan amount this high.
Few sites online claim to offer the lowest fees over the World Wide Net, yet when you get the loan you find that the interest fee is often higher than the company claims. Some payday loans claim no direct depositing capabilities are required, yet when you fill out the application, fax over your information, you learn quickly that the ad was a slick.
Most lenders require that you submit a voided check and bank statements to receive a payday loan. If you have two outstanding payday loans pending, most companies offer loans will turn you down.
Still, few payday lenders will offer online account management, while others will not, which brings us to another point. If the site does not have secure encryptions you are at risk of identity theft, or hacker violation, therefore be careful with sites offer online account capabilities.
Furthermore, when applying for a loan online, make sure that you know the site is secure before giving out any personal information. It is wise after you finish giving personal information over the World Wide Net to erase your tracks.
To do this, click on the Tools in the Internet Explorer Window, Click Internet Options, Click Delete Cookies, Delete Files, and Clear History. Otherwise, go to the Control Panel and click Internet Options to do the same function.
Most payday lenders will not perform a credit check, since when you borrower and repay loans it does nothing in line of upbringing your credit scores.
Privacy and Security
In addition to making sure the site is secure, you want to read the privacy and security information on the payday loan site, especially if you are applying for a loan online. If the site swears to uphold your privacy and security it is a go, however if the site leaves room for selling, renting, leasing, or giving out your personal information to third parties, run like heck.
Most sites will inform you of the Cookies and its ability to track. Refer to the Deleting tracks information in the article to remove any traces of your visit to the site.
Again, some sites claim to offer the lowest rates on the Internet for issuing payday loans; however, some of the lowest fees for a $300 loan will cost you $355.86, which is not saving only a few dollars compared to other payday loans.
If you need a payday loan, it makes sense to do a bit of research to find the lowest fees, and longer payback time. Few lenders will allot eighteen days for paying back the loan, which gives you more time.
Tip
Only take out a payday loan if you really need it!
Written by arejayell
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Categories: Loan Articles Tags: fees, loans, Payday
What fees are charged when you use consumer credit?
Credit cards are often seen as fee filled debt traps due to high fees for doing everything from cash advances to late payments. People who are against credit cards tout them as evil and something that should be avoided at all costs. But what many people don’t realize is that if you pay your balance off in full each month, most credit cards have no fees.
However many Americans don’t pay off their credit cards in full each month and often incur fees that can be avoided.
Some of the common fees that are charged on credit cards are as follows:
Interest rate: This is the APR charged for all purchases and calculated daily that one will pay on every purchase if the bill is not paid in full by the due date. Most cards offer grace periods allowing the customer around 20 days from purchase date to pay the bill before incurring the interest. Interest rates on cards can range from low- 4 or 5% to extremely high 22%, with some cards having default rates as high as 39% if you miss a payment.
Late Fees: Most cards have late fees of around 15-39 dollars if you are a day or even hours late on a credit card payment. These can be avoided by paying early, paying online, or setting up automatic payments from your checking account. Only the minimum payment is required to avoided this fee.
Over Limit Fees: Most cards also charge a fee if you go over your credit limit; often they will authorize the purchase but charge a hefty fee around the same as a late fee. Kind of like an overdraft charge.
Cash Advance Fees: All cards charge a fee that is a minimum amount or set percentage of the amount you take out as cash. On top of this set fee, interest on cash advances is often higher and has no grace period.
Annual Fees: This is a fee charged yearly for membership to the credit card. Some companies charge this and in return the member is given perks, special access to travel and events, and so forth. Many people believe annual fees are a scam and more and more credit cards do not carry them.
Merchant Fees: This is the fee a credit card processor (like Visa or Mastercard) charges a merchant every time a card is swiped. The fee is generally between 2-5% of the purchase and some consumers believe this fee and increased use of credit is what drives prices up. The credit card user is not charged directly for this fee (although as stated, some merchants raise prices on all products to offset the costs since charging more for credit only is illegal), and often this fee is used to pay for rewards program payouts on credit cards. This is also a way for credit card companies to profit off of ‘deadbeats’ or those credit card users who pay their bills off in full every month and thus incur no interest charges.
With all these fees, credit cards may seem like a rip off. However most if not all of these fees can easily be avoided. Treat a credit card as a tool to build credit and get some rewards back, not as extra money. By paying the bill in full every month you’ll avoid interest charges completely. Make sure you pay in full on time to avoid late fees and never go over your credit limit. Avoid cash advances at all costs and shop around for the perfect credit card. Annual fees are seen as a rip off, many great rewards cards offer no annual fee so if you use credit responsibly you can pay nothing and get all the benefits of credit. Besides, the companies profit either way, because everytime you swipe they take a little off the top.
Written by MaxwellPayne
Categories: Loan Articles Tags: charged, Consumer, Credit, fees