Entries from January 2011 ↓

Look On The Other Side Of The Screen To Get Money Now

If you need money right now for an emergency, the best place to get it is to go online to any of the  cash sites available today. The amazing thing is that it actually works.  Just go online, type in ‘cash advance instant approval’ or ‘I need cash right now’ in the search engines and you can find many sites that will give you instant cash online.

Interestingly enough, many people get online looking for money online and walk away with nothing because they simply didn’t look at the correct side of the screen.  Don’t forget to check down the right side of the screen with the ads if you’re using Google.  Often, the companies available on the right side of the screen will be better for actually getting money.  The sites that Google pulls up are based on the amount of information they have in them, which is great for everything except getting money.  Sites that have to pay for their ads are more likely to be taking your needs seriously.

You don’t have to go far to get the money you need.  Just click on the sites down the right side of the screen, the ones with the ads, and you’re far more likely to find sites that will actually give you money, as opposed to telling you how they get money when they need it.  While this doesn’t seem like a big deal, when your dog is in the veterinary hospital and needs surgery right now because your kid fed him chocolate and you don’t have animal medical insurance, it can be very easy to lapse into habits, and only click down the left side of the screen.

Be careful what you get, check the specific company you want to get money from and make sure that specific company is not going to scam you.  Also be aware that there is a difference between a scam complaint and a deadbeat complaining that the company actually wanted their money back on time after they lent their money out.

How Debt Consolidation Could Benefit You

Getting rid of debt is a lot harder than getting in to debt. For many people, debt may seem overwhelming. There appears to be no escape from it. However, there are options available that can help dull the edge of debt. One of these options is debt consolidation. Essentially, debt consolidation is a program that involves hiring a company to combine your debts in to one low monthly payment for you. Here are some of the ways that debt consolidation can benefit you.

Reduced Interest Rates and Fees

In many cases, a debt consolidation company will be able to reduce interest rates and fees on your accounts. This means that each account restructures debts in an effort to make them manageable for you. This can be done with both original creditors and collection agencies. Once the debt negotiation takes place, you are likely to not see any more fees added to your accounts. Existing late fees can also be reduced or eliminated.

One Monthly Payment

Instead of tracking down multiple accounts, you only have to worry about one. When you enroll in a debt consolidation program, you give the company a list of your accounts. They handle the negotiations. All you have to do is make one monthly payment to the debt consolidation company. They distribute it to your creditors. You are given monthly statements to show where your money is going. Having to make only one payment is appealing to many people.

No Calls

When you are in debt, you know how stressful it can be. You receive tons of letters in the mail. Even worse, you receive constant phone calls. This can lead to aggravation and embarrassment. When you sign up for debt consolidation, the calls and letters will stop. As part of the negotiation, most creditors and collection agencies agree to stop contacting you. If they do, you can refer them to the debt consolidation company. This relieves a lot of stress when it comes to debt.

Raise Credit Score

This is a long term benefit of debt consolidation. Late payments and collection accounts cripple your credit history. As you make payments to your debt consolidation program, you will see modest increases in your score. Once you have a creditor completely paid off, that debt will be reported as paid. It is also possible to have the negative item removed. Since most collection agencies are happy to get their money, they may reward you by deleting the negative item. That will significantly boost your score.

Eliminate Debt Faster

The monthly payment is designed so that you are able to pay it each month. In most cases, the monthly payment will be higher than what your minimum credit card payment will be. That means you will get out of debt faster. Also, you can pay more than your monthly payment to accelerate the process. A debt consolidation company will tell you exactly how long it will take to pay off your debt. That is comforting to know for many people. If you want to pay it off faster, you can increase your payments.

In general, debt consolidation is a great option for many people. Companies will offer you a free consultation. Once you complete this, you can decide if the program is right for you. There are clear benefits to participating, but it is always best to get all of the information before making a commitment.

This guest article was contributed by Jane Sanders from Debt Management. Read her articles about debt consolidation to learn more.a great option for many people. Companies will offer you a free consultation. Once you complete this, you can decide if the program is right for you. There are clear benefits to participating, but it is always best to get all of the information before making a commitment.

This guest article was contributed by Jane Sanders from DebtManagement.net. Her site exists to give you honest information before making any debt consolidation commitments.

Top 5 Mistakes When Trying to Get Out of Debt

Top 5 Mistakes When Trying to Get Out of Debt

Worrying about money is never nice but if you find yourself having financial troubles then you need to be very careful about the ways you try and get out of debt, as there are many mistakes that can easily be made, which rather than solve problems, actually create them.

1.Don’t Take On New Loans

It can be very tempting to take out new loans to repay existing ones but this is one of the traps that result in ever increasing debt problems. If you are struggling to pay existing debts, it is likely that this will have a negative impact on your credit rating, meaning that you may be forced to borrow at even higher interest rates. This will inevitably lead to problems as your payments will increase and you will soon find yourself having difficulty paying off the new loans.

2.Don’t Close Credit Card Accounts

Once you have succeeded in paying off the balance of your credit card debt, it may seem like a sensible option to then close the credit card accounts to avoid getting into the same situation again. However, this can in fact cause problems, as it can have an adverse effect on your credit rating, making it harder to secure loans in the future and potentially exposing yourself to even higher interest rates.

3.Don’t Make Minimum Payments

Most financial services companies make money by encouraging you to take longer to pay off your debt. The longer you take to pay, the more money they make off the interest payments. So it is important to remember that while merely paying the minimum may keep creditors off your back, it is not enough to reduce your balance.

4.Don’t Try and Ignore the Problem

It is human nature to try not to think about the bad things in our lives and easy to tell yourself that it will all work out in the end but unfortunately, the only way to deal with debt trouble is to tackle it head on. If you know you are going to have difficulty making your next payment then talk to the creditor. If this is proving difficult then you can contact debt management agencies that can help you with these issues and by taking the initiative and being proactive – rather than just hoping it will all go away – you will have a distinct advantage.

5.Don’t Be Afraid to Seek Professional Advice

Careful research always plays an important part when attempting to get out of debt. You need to examine all the available options out there, whether it be lowering your mortgage payments or finding alternative suppliers for utility bills or car insurance but one can never under estimate the importance of seeking professional advice from financial experts. The world of finance is a very complex one and experienced professionals can help you avoid potential pitfalls and find the right debt solution for you.

Garry Hudson writes about all things debt related, whether you need Debt Management Solution advice or Bankruptcy Advice then Garry will have come across these areas in his decade of experience in all things debt. Garry works for one of the largest debt companies in the UK Baines and Ernst

Debt Relief with Credit Card Settlement

Getting rid of credit card debt is tough. First, it’s very easy to accumulate credit card debt and to continue to charge. Second, interest piles up fast, and if you miss payments, fees will start to pile on as well. If you want credit card debt relief, you have to find a solution that will work. One way to speed up your repayment process is to decrease the amount of money you owe with credit card settlement.

Credit card settlement is a form of negotiation. Before you can settle any kind of debt, you have to be in arrears with your payments. In other words, you have to have missed the last couple payments at least. A credit card company won’t negotiate with you unless they feel they might not otherwise get any money.

Call up your credit card company with settlement amounts in mind. Do not expect to get anything outrageous, such as more than 60%. Anything’s possible, but your creditors are going to fight for as much money as possible. Offer them something such as paying $1,500 if you owe $2,200. If you can get them to agree to this settlement, you will save approximately $700.

If you’re a bad negotiator or you can’t handle calling the same people that have been leaving harassing messages on your answering machine, you can choose to work with a debt settlement company. Debt settlement companies will do the negotiating for you. They may also be able to negotiate to a smaller amount than you could.

After you’ve settled some of your debt, make sure you pay it back. It is very unlikely that you will be able to settle your debts again. Things will only get worse if you don’t pay it back. Set up a strict budget to help you put as much money toward the debt as possible. Get a second job if you have to in order to pay it off faster.

Be Careful with Student Credit Cards

If you have a college-age child, chances are you may be considering giving them a credit card. They’re easy enough to get – especially if they’re attached to your own credit, so where’s the harm? After all, we all want our kids to understand the ways of the world and some sort of financial education is important. Still, a credit card may not be the best first choice.

Student credit cards can be recipes for disaster. Consider that most teenagers haven’t had to balance a check book or work with a budget, let alone manage monthly spending with a credit card. They don’t yet understand the real impact of buying something on credit and the ramifications of interest rates, minimum payments, and hidden fees.

Add to that the fact that credit card purchasing is a little contradictory. We’ve preached to our kids the value of saving up for things but credit cards allow you to do just the opposite – spend money you not only haven’t saved but money you haven’t even earned yet. It’s a very strong temptation to a financial newbie.

Prepaid debit cards are much better choices for college-age kids. These cards force you to save up your money first and buy later because you have to first deposit money into your prepaid account before you can use the card. That prevents anyone from really overspending and driving themselves into debt. And this is a terrific lesson for any teenager or young adult.

Prepaid cards can be used anywhere a credit card can be used. They can be used at ATMs, online, or at your local store. Their balances and transactions can be tracked just like credit cards too, which is a great feature for parents who want to insure their child is making wise spending choices.

So be careful with student credit cards. They’re really meant for people with more advanced financial experience than teenagers. Start your child off with a prepaid debit card.

Information on 30 Day Payday Loans

When there is more month at the end of the paycheck than cash and you find yourself in an emergency then a 30 day payday loan may be for you. In most cases, fourteen days is the turnaround time for repaying a payday loan but in some instances where a person is only paid one time a month, then they could be eligible for this type of payday advance.

If a person is paid from their job, or other source of income, on a weekly or bi-weekly basis then they would not be eligible for a 30 day loan. If the loan cannot be repaid within the allowed fourteen days then an extension may be requested but it should be well understood that there will be fees added to the loan.

It is not necessary to have good credit when applying for cash advance payday loans. Most lenders will not do a credit check and this one reason is why payday loans are so popular with people that have less than perfect credit. The only things necessary to apply for this type of loan is the borrower must be a minimum of 18 years of age, be a U.S. Citizen, have a steady job or other form of income, and possess a checking account.

If you are new to payday advance loans then it is in your best interest to do your homework about all of the policies and procedures surrounding these types of loans. A great place to start is right online. Even better, the internet now offers the convenience of allowing a person to apply for a cash advance right online in the comfort of their own home.

All criteria must be met before applying for a loan, in order to qualify for 30 day loan then the most important criteria is the borrower is only paid on a monthly basis.  If the borrower can prove that they are only paid on a monthly basis, then they are indeed eligible for 30 day payday loans.