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.…