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What Are Hard Money Lenders and Can I Use Them for a Personal Loan?

Hard money lenders are professional investors who offer loans to customers. In many cases, hard money lenders tend to focus on investor clients and business clients, since these clients have assets which can secure the loan. Hard money lenders are often considered a good deal for new investors and entrepreneurs who may not have the credit rating established to get great loan rates from banks and big financial corporations. Hard money lenders charge higher interest rates in order to offer loans to a wider range of clients.

Unless you have your own business or plenty of personal assets, however, hard money lenders are often not ideal solutions if you need a personal loan. If you need a personal loan, you may want to apply to a bank, credit union, or other financial institution. If you need an emergency loan try lender near you and you might want to consider a payday loan. Both types of products are better suited to the individual customer.

Some charges are so small that we don’t think of them at all. But, over time, these small charges become large chunks of money – money that could be going towards savings, paying off loans, or your emergency fund. Make sure you’re not paying too much for these sneaky charges:

1) ATM charges. ATM machines often charge only a dollar or so for convenience, but then there are the fees that your bank charges on top of that. This can add up to hundreds of dollars a year, so it really makes sense to seek out your bank’s machines when you need cash.

2) Late fees. Late fees on movies, library books, bills, and overdraft fees on that bounced check can add up fast and these fees are so preventable. You can save yourself plenty of money each year just by noting due dates in your calendar.

3) Interest fees. Interest fees on credit cards, lines of credit, and late payments can add up very fast and remember that these fees increase the total amount you must repay, so you’re often paying interest on top of interest.

4) Small incidental purchases. A coffee here, a newspaper there, a pack of gum. Those tiny convenience store and coffee house purchases can mean a huge difference in your financial health.

5) Upgrades. Whether you’re upgrading a plane ticket or a fast food meal, it always seems like a deal to get a little bit more for a bit more money – but those small chunks of money add up.…

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The Student Guide to Saving Some Serious Cash

The term “starving student” isn’t around for nothing. College is expensive, and most students try to get by on small student loans and a few scholarships. The result is a small cash flow problem. There are several things students can do to save money during school years, though:

– Apply for scholarships. Apply for all forms of financial aid you qualify for. The less you need to borrow, the more manageable your student loans will be. Apply early and apply often for any form of financial aid you do not have to pay back.

– Work through school so that you rely on loans less. If your semesters are full, at least work during the summers and vacations to defray your expenses.

– Get out of the spending habit. Get a roommate and consider swapping or buying needed items online. The less you spend now, the less you’ll have to repay later.

– Get one credit card but stay out of serious debt. Credit card companies often woo students with great deals. Find the best deal you can find and apply for one credit card. Pay that card off every single month to avoid interest costs and to establish a good credit rating. Stay away from other sorts of personal loans, payday loans, and unsecured debt as much as possible. It will only add to your student loans and will make starting over after college much harder.…

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How Parents Can Keep Their Child’s Student Loans Low

Many parents dream of their children getting a great education. For many parents, college is part of that dream, but college education gets more expensive each year. The good news is that parents can help their children afford college easily – by starting now. Here’s how to get there:

1) Start applying for scholarships early. Many parents wait until high school to start looking for scholarships, but many good contests to raise college funds are available for younger children, too. Research these scholarships and contests in your local library and start applying.

2) Help your children get great grades. The better your child’s grades are, the more likely he or she will get at least a partial scholarship to a school. This can help lessen the number of student loans your child will have to repay.

3) Start saving early. Consider putting part of your child’s allowance into an education trust fund or savings program. Find out if your employer will match contributions. Savings means your child will graduate with smaller student loans to repay and will have an easier time settling into adult life without huge unsecured loans or debts.…

Tips to a Great Payday Loan

While many shoppers discover that a payday advance could be the best tool for themselves to utilize when a short-term financial problem occurs there are numerous critical needs that must consistently be handled. If you miss out and pass over these needs you would learn you are locked in a check advance that you cannot manage, however if you make the effort to solve these issues prior to you go to apply you would find that the advance is a fabulous perk for you and your household.

Your initial worry must always be the sum that you acquire. If you have a specific amount that you require, obtaining less than this amount can be useless for your needs. If you don’t need a significant amount acquiring more than you require could locate you in debt more time and blowing excessive cash on interest charges. In able to actually circumvent these issues it is essential to understand the real sum that you have to acquire. You must just receive this amount, borrowing less is a waste of time usually and borrowing greater amounts is a waste of cash.
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Your subsequent worry must be discovering a lender that is really in existence to cover the needs of clients. If you are dealing with a financer that is more interested with adding up interest charges, they are not apt to be worried with making certain that they align you up with a payment schedule that really fits your requirements. Of course, the lender is not out to provide you cash complimentary, but you should have somebody whom is looking to really help you with the payback days by matching them with your paychecks. A cash loan that is due several days prior to you are paid is a nightmare, while a loan that is due the day after you get paid is an enormous help.

A final need must be the interest rates that are assessed. Generally, you will realize that most lenders in the precise location assess the exact same charges. However, you can locate a substantial deal of variety if you search around on the internet as well. By searching online, you can often cut the rates that you are assessed in half. However, if you do not possess the capability to search about on the internet you need to consistently review the fees, you might find less costly charges if you shop around which could always be an enormous assistance where it becomes time to actually pay the money back.

One of the most critical needs should be deciding if payday advances are actually appropriate for you. If you realize that you will not be able to afford to pay back the loan at any location in the soon future then a check advance is not going to be the best option for your needs. Getting an advance that you realize is not proper for you is going to be an enormous complication and can result in enormous problems that are extremely hard to handle. By accepting an advance that is not suitable for your requirements, you can make your financial problems much more difficult to deal with. Nonetheless, instead if you slow down and look for a different solution you might learn that your budget is simple to pull correct on track properly.…

The Benefits of Payday Loans

With plenty of financial disasters that can come up as you go through life, there are likely to be times when you need access to some fast cash. Because of this, it is very important that you take some time to carefully figure out what options are available to you, and how you are going to be able to quickly and easily get a hold of some fast cash without putting yourself in financial danger. Typically speaking, it seems like it is almost impossible to do but generally it is not as hard as it seems.

benefits of payday loansA payday loan can allow you the access to fast cash that you need, while making sure that you can avoid the unpleasant situation of having to borrow money from friends or family. If you have ever been in a situation where you have a large amount of money that you need to borrow, and friends and family is your only option, you know just how embarrassing this can really be.

Additional benefits of payday loans includes the ability to quickly and easily get your hands on the cash when you need it, rather than needing to stress about exactly how you are going to get the cash. With typical loans, you have to go to the bank when they are open, which can create a few scheduling conflicts. In order to really get the cash fastest, an online payday loan makes the perfect solution, you can quickly and easily apply for the loan from the comforts of your home, at any time that is convenient to you, regardless of it the lender is open or not.

Because payday loans offer several very flexible benefits, they are frequently one of the very first options that should be considered when you are looking for some fast cash. As a payday loan can be paid back over time, or all at once without a penalty, you will find that they are extremely easy to work with, as well as flexible. There is no reason why you need to worry that your budget is out of control. A short amount of time spent obtaining a payday loan will give you the money you need to cover your debts easily, while still ensure that you are not digging yourself into deep financial debt.

However, while payday loans offer many benefits that should be recognized, you need to also remember that the money is not a gift, but rather you are required to repay the debt. Because of this, a payday loan that you plan to repay will always be the best choice for your needs. It is very important that you not forget that the money must be repaid; forgetting to repay the debt when it is due will quickly become a very costly mistake and can damage your credit rather than helping your finances like you are planning. Plus, with a bit of careful consideration you will be able to quickly and easily repay the debt to get back on track fully.…

Financial Update – I’m Debt Free!!

I wake early and head over to the desktop to flip the power switch. Yawning, I hear the computer hum to life as I shuffle over to the next room to perform the usual foraging ritual for breakfast. Thump around a bit through the cupboards, grab a handful of cereal from the box (there’s no milk) and splash water from the faucet into a glass (coffee container is empty).

I settle back in front of the computer with my morning feast, popping Fruit Loops in my mouth, patiently waiting for everything to finish loading. After typing in the appropriate information, my bank account opens.

The balance: $265.

As of yesterday, $1,062.88 had been posted from my bank to my credit card bill, my hard-earned wages busting/tearing through cyberspace to perforate the final outstanding payment owed (with interest, of course); digits whisked away on a lethal, one-way debt termination expedition. And now I’m left with …

The doubts start piling up – I peer suspiciously at the monitor. Surely there’s some mysterious purpose for this chunk of change still sitting on its ass in my account. An overlooked bill, perhaps, stuck on a dusty shelf somewhere, forgotten. In fact, I’m certain there must be a setback somewhere, something to muck everything up because this damned debt is so ingrained in me now and, Jesus, after all these years, how can it really just be … dissolved?

Holding my breath, I tap the keys again to prudently recheck the account balance — my fingers slip, I get the url wrong and pause to wipe dusty grains of cereal from my palms, to start over — suspecting that couple hundred bucks has suddenly, cruelly been gobbled up by some hellacious bank fee or other.

Nope. Still there. Two hundred and sixty-five dollars.

Exhaling slowly, I lean back and stare stupidly at the screen. I pick bits of stuffing from the arm of the chair as I evaluate this completely foreign transition of having an extra pile of dough at my disposal; so staggered, I haven’t even considered how to commemorate my new debt-free world.

With a cup of coffee, seems like a good place to start.…

Financial Update

Just plopped down another $1,200 $1,300 on my debt. Jesus. My whole flimsy paycheck, now exhausted. But there is still one payment remaining before the diabolical debt beast — this whole heaping $15,000+ monstrosity — will be vanquished indefinitely. Adios, you bastard.

So for now; one more month of subsisting on Cheerios, Ramen noodles and p&b sandwiches, with a festive splash of cheap Merlot before bath time. One more month of scraggly split ends and sweat pants, of creatively/desperately seeking innovative ways to somehow stretch those dimes into dollars. And what makes me most joyous — one more month of being overrun with credit card/car loan payment requests that have faithfully sprinkled my mail slot in perfect precision over the years. Sayonara.

Unfortunately, my bills haven’t much cared that I’d like to kick back on the hillside above the Mobil station with a Slurpee for just a god damned minute — those cursed creditors just creep on over to tap my shoulder and politely shake out every last bit of interest that can be mustered from my (threadbare) pockets. So I’d best be wise and plumpen any hard-earned income for their devouring.

Two years mired in debt. Will be over.

One. More. Month.…