Tuesday, April 5th, 2011 at
5:33 pm
Before the economic challenge took its toll, people dealt with short-term financial challenges by paying a check at a grocery store while hoping that it won’t clear before their next payday comes. This can be quite risky especially when the check bounces and there is a need to pay additional fees. The lack of option to make ends meet when cash is short is to take a loan from payday lenders.
Payday lenders give loans for the short-term. Loanable amounts range from $100 to $1000 with fees averaging at $15 to $30 for every $100 borrowed. This type of loan can be easily obtained. However, they can be very expensive. If the annual fee is considered, the rates can range from 381% to 700% according to NCLC or the National Consumer Law Center. More than the high interest rates, a cause for worry is the repeated loans of many borrowers because of the inability to pay their current loan when it becomes due. Many individuals get stuck in unmanageable debt because of this type of loan. But, payday loans are not the only options to provide for short-term cash needs. There are other fast-cash sources like 401K loans and credit card advances.
401 K allows employees to loan up to $50,000 or 50% of the total amount invested whichever is lower. Interest rates in 401K loans are generally lower than other types of consumer loans. On the average, a 1 to 2 percentage points higher than the prime rate is charged as interest. Payments are deducted from the paycheck, interest is paid to oneself and there is no need to undergo a credit check. Moreover, 401 K loans do not give limits as to how or where the money will be used.
Credit card cash advance is also a quick way to obtain short-term funds. However, they can be very expensive. The fees and interest rates for cash advances are usually higher than credit card purchases. It does not give a grace period for payment.
Running short on cash can be a challenge especially when the payday is not coming soon. However, short-term emergency funds can be obtained by borrowing from payday lenders, 401K loans or making credit card cash advances.
Tuesday, April 5th, 2011 at
6:29 am
How to Get Dental Financing
Many people who want to get an intensive dental treatment done, for whatever reason, get deterred by the terrifying thought of the massive expenses that they might get, if they plan to go forward. Seeking a dental care however may not be for cosmetic reasons alone, a scenario which might be somehow dismissed or postponed. A person may be required to go through certain dental procedures which are scientifically required. What does an individual do then?
Remedies need to be such which could be given with least financial burden on the person’s pocket. Here’s where dental financing comes to play its role. Just as these days there is an effortless loan obtainable for anything and everything we buy, there are dental loans that come with an easy repay back plans for the patients.
Almost all of the countries around the globe are having companies which are ready to lend out credit to patients once the case is proved genuine. All of the patient does is visit his reliable dentist, gathers an estimate of the whole procedure and connect it to the financing company. Many of these companies instantly agree to the loan, of course keeping the pay back assurance of the patient in their records data. Almost any kind of dental procedure could be effortlessly financed this way.
These financing options are given generally as a down payment to the dentist, which is of course the biggest appeal why a lot of the dental surgeons are more than ready to interact personally. For the dental surgeon the loan comes as an on the spot payment for his hard work and for the patient the borrowed funds gives him a breathing space required to pay back. The loans thus create a WIN-WIN situation on both the sides.
In most countries across the world aside from the dental loans there is something called Dental Insurance. Like every other insurance cover this also works annually where the person registers himself as the sole beneficiary of the scheme. Of course the insurance needs to be maintained if you are paying regular premiums. Dental insurance is different in distinct countries, although the fundamental norms remain uniform around the world. The insurance cover is a payment assurance on the part of the expense sustained during the course of treatment and comes in very useful in emergency situations. Most insurance businesses demand a low premium and can be selected effortlessly just by surfing the net.
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Friday, October 30th, 2009 at
9:14 am
Emergency cash loans unlimited access is what you may be thinking about now. You may not have an emergency right now, perse, but you may be wanting to get set up for when the time comes and you do need to get access to emergency cash loans unlimited amounts as well.
Emergency cash loans, also known as fast cash personal loans, only the candidate must obtain a job, have a checking account and valid identification. If the individual meets these 3 basic requirements, he or she is guaranteed the approval of a short-term emergency loans quick cash. This type of loan are so small in size (in the minds of lenders who it is) that does not care much about the refund. That is why these loans do not require guarantees constituted. Read the rest of this entry
Friday, October 30th, 2009 at
9:00 am
Emergency Cash Loans For people with bad credit are there, you just need to look for them. When you need emergency cash to make ends meet, it can be very stressful, and you may not know quite what you should be doing. When you are in need of emergency cash, you should have a plan so you know where to go to get these financial resources.
Having bad credit will not be ruled out a payday loan because it will give most companies that do not require a credit check, too. For many companies, the money will be deposited into your account on the same day and can be used, it seems appropriate for their purposes. The main requirements, which means a U.S. citizen with a stable source of income, and have a checking account. Read the rest of this entry
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