www.HelpPaydays.net

www.HelpPaydays.net

In today's high paced world and with the rising cost of living, is it any wonder that many people meet with financial crises so often and need a short term payday loan even when they already have bad credit history?

It could be as simple as a flat tire just before payday or a medical emergency such as a broken bone or sprained joint. You come to find out that you just don't have enough. Or maybe your needs are a little more long term, such as a home or auto repair, or an unplanned trip. And you find you just don't have enough to pay for it, and what is more, you either have maxed out credit cards or you don't even have credit cards, much less credit.

The answer is unsecured loans. There are several types of unsecured loans in today's market. Even if you have bad credit, it's plausible to find something that fits the bill.

Unsecured loans are simply extensions of credit where none of the borrower's assets are used to secure collateral for the debtor or loan agent. Instead, funding may be guaranteed for the promise of a future payment such as is the case with payday loans and certain types of credit cards. The only drawback may be associated fees or higher interest rates. However, when you really need the money, it may be worth it.

Types of Unsecured Loans

Payday Loans:

This is a temporary loan secured on the promise of repaying your next paycheck to the lender. These often carry high fees as well as interest rate either during the initial installment, or retroactive if the repayment is not secured by your next payday. These loans are great for a one time emergency, every once in a while. The high fees make them not so great for long time solutions or for repeat users. The good news, the loan is often secured with just a signature, a few paystubs, and is deposited usually within 24 hours. Loan amounts vary from a few hundred dollars to about a thousand dollars.

www.79Cash.com

www.79Cash.com

When you need quick cash, what could be more convenient than taking out a same-day payday loan that is deposited directly into your bank account? On your next payday - a week or two later - the loan is automatically repaid because the creditor has your bank information. Sure, there is a fee, but there's no credit check, no collateral, and no lengthy application process like there is for a personal loan. You just walk into the payday loan office or go online, fill out a few forms proving that you have a steady job and a checking account, and you get up to $2,000 the same day.

It sounds easy, but it may not be such a good deal. Payday loans are defined as short-term loans with an interest rate above 36%. That sounds like a high rate, doesn't it? After all, you see new car loans advertised for zero percent, and home mortgages for 6%. Personal loans from banks are generally between 10% and 15%. Even credit card cash advances can be cheaper. A $300 cash advance on the average credit card, repaid in one month, would incur a finance charge of $13.99 at an APR of 57%.

To make it sound less expensive, payday loan providers don't advertise their annual percentage rate (APR) the same way credit card and personal loan providers do. They state the interest in terms of a fee per $100 loaned. Here's a typical example.

How the Fee Translates to APR

You walk into the payday loan office or apply online. You need to borrow $500 until your next payday, which is in seven days. The fee for your loan is $15 per $100 borrowed. You think, "That's not so bad, it's 15%, isn't it"? You agree to the loan terms and you give the lender a check in the amount of $575, dated in seven days.

When your loan is due to be repaid in seven days the creditor will cash the check or debit your checking account. If you have $575 in your account, then you are finished and the transaction is completed.

You will have paid $75 for your loan. That translates into an annual percentage rate (APR) of 780%. It's very high, but that's because calculating the APR is complex and involves not only the loan amount and the fee, but the period of the loan-how long until you pay it back.

www.LendETC.com

www.LendETC.com

Payday is ten days away and the money from your last check is gone...what do you do? Economic hardship seems to be the buzz word for the day. More and more families are finding themselves struggling to make ends meet. Too often consumers are finding their bank accounts depleted and payday just a glimmer in the distant future. Many people have turned to innovative ways to fulfill their monthly obligations. Let's examine one of the ways people have discovered to try and keep the ship afloat in this time of stormy financial weather.

Most people have found themselves in this situation at one time or another. Maybe they are just starting out and do not have the earning potential they would like or they have experienced a life or relationship change that has added an extra burden to an already precarious situation. What does a person do to stretch their dollars farther in a time when prices are going up and wages are going down? Most people have been forced to cut something from their budgets in order to meet increased economic pressures. Some have been forced to take on second jobs. Many people have turned to taking Payday/Cash Advance Loans to close the financial gap in their pocket book.

What is a Payday/Cash Advance Loan? It is just what it sounds like. A person can go to a loan provider and take a loan out today against future earnings/wages. Sounds pretty good doesn't it? Don't be so quick to agree. It is not as simple as it sounds. Where does this money come from? My parents used to always say "Money doesn't grow on trees.", when I asked for something not in our budget. The same adage applies today as well. It's your money right? Wrong, it is money you have not actually earned yet. So even though you know in one to two weeks your check will show that you have earned a certain amount of dollars during that period, that money is not yours or accessible by you until you actually receive the check.

So you might be wondering, how do I get access to money I have not received? The next segment of our article will examine just how this happens.

Historically money lending has always come with a price attached. The Latin phrase quid pro quo (something for something) is applicable in this situation. You need money to get you through until the end of the month. Someone is willing to lend you the money you need today but at a price to paid back in addition to the original loan amount. Doesn't sound too bad does it? So let's discuss what it will cost you to borrow against your future earnings. When you put it that way it loses a little bit of the appeal it had before, I am going to pay for the use of money that I haven't even earned yet.

www.PaydayPocket.com Login

www.PaydayPocket.com Login

Oftentimes, as borrowers research payday loans/cash advances throughout the Internet, they come across websites that state that payday loans are for "financial emergencies" without further defining what they mean. It may seem obvious, but in reality many people are left confused by this phrase. A "financial emergency" to one person may be needing money to purchase a satellite dish, while to others it may mean needing to come up with fast cash in order to pay rent or a medical bill.

Of course, a true financial emergency is the latter, and that is precisely what a payday loan/cash advance loan should be used for. Whenever one finds him/herself in a financial bind, a no fax cash advance loan is always a convenient option, as they are always readily available and are completely manageable when one needs financial relief in a pinch. It is important to remember, however, that payday loans are to be used responsibly, as they it is quite easy to abuse them since they are so convenient to obtain.

A cash advance loan can be used in any number of ways, but the following is a "Top 10" list to get an idea as to why using a cash advance loan may be the best option in any precarious financial situation. This list is NOT in order of importance:

1. Your car breaks down, and you absolutely need your car in order to get to and from work, etc. If you need money right away to fix your car, a cash advance loan is a great option.

2. You paid your bills on time, you're in good health, but you are short on money to spend on leisure activities. A payday loan can allow you to have some extra spending money to put enjoy yourself until your next payday.

3. The cumulative amount of your late fees are higher than the low fixed cost of a payday loan. A good rule to remember, as referenced on numerous websites, is that one can expect to pay $15 for every $100 borrowed.

www.1HourFastLoan.net

www.1HourFastLoan.net                 

Your rent is due, the car just blew up and your electric bill is long overdue. Which one takes precedence? If you're like most consumers, there are always a myriad of financial responsibilities on your plate at any given time. And, for many of us, these financial obligations must be managed in a timely manner.

However, when your bills pile up quicker than your paychecks, panic ignites. Where do you get the extra cash until payday? You don't want to run up your credit cards, you certainly don't want to ask friends or family members for cash, and your boss simply won't extend you a pay advance.

Cash advances are often a practical solution to a common problem. Cash advances, which require no credit check and sometimes even no documentation, are processed quickly so that you can have money in your hands in a moment's notice. The next time you're sandwiched between your mortgage payment and your grocery bill, you may want to consider the advantages of a cash advance loan.

How to People Use Cash Advances?

Consumers use cash advances for any number of financial obligations, from bills to daily living expenses. The following list, however, details six of the most common reasons people turn to cash advance loans:

1. Credit card payments - We all know that we must pay our credit cards to keep our credit in good standing. If your credit card is due and your paycheck is still days away, you may consider using a cash advance to pay the credit card and avoid late charges, finance fees and a black mark on your credit. Although cash advances come with fees and interest, it is still often a better choice than late fees, and it is certainly is a better choice than raised credit card interest rates because of late payments.