archive-org.com » ORG » P » PAYDAYADVANCE.ORG

Total: 89

Choose link from "Titles, links and description words view":

Or switch to "Titles and links view".
  • Site Map
    Federal Statutes Fair Credit Reporting Truth in Lending Blog Payday Advance In Your State Alabama Payday Advance AL Alaska Payday Advance AK Arizona Payday Advance AZ Arkansas Payday Advance AR California Payday Advance CA Colorado Payday Advance CO Connecticut Payday Advance CT Delaware Payday Advance DE Florida Payday Advance FL Georgia Payday Advance GA Hawaii Payday Advance HI Idaho Payday Advance ID Illinois Payday Advance IL Indiana Payday Advance IN Iowa Payday Advance IA Kansas Payday Advance KS Kentucky Payday Advance KY Louisiana Payday Advance LA Maine Payday Advance ME Maryland Payday Advance MD Massachusetts Payday Advance MA Michigan Payday Advance MI Minnesota Payday Advance MN Mississippi Payday Advance MS Missouri Payday Advance MO Montana Payday Advance MT Nebraska Payday Advance NE Nevada Payday Advance NV New Hampshire Payday Advance NH New Jersey Payday Advance NJ New Mexico Payday Advance NM New York Payday Advance NY North Carolina Payday Advance NC North Dakota Payday Advance ND Ohio Payday Advance OH Oklahoma Payday Advance OK Oregon Payday Advance OR Pennsylvania Payday Advance PA Rhode Island Payday Advance RI South Carolina Payday Advance SC South Dakota Payday Advance SD Tennessee Payday Advance TN Texas Payday Advance TX Utah Payday Advance UT Vermont

    Original URL path: http://www.paydayadvance.org/Site-Map (2016-02-17)
    Open archived version from archive

  • Bad Habits That Can Lead to Financial Disaster
    of identity theft Not Notifying Creditors When You Have a Financial Hardship The worst thing you can do is ignore a tough financial situation Contact your creditors and explain what you are going through Don t just stop paying your bills Ask about lowering your interest rate or extending your payment due date Many companies are willing to work with their customers by offering short term services to help ease the financial strain Not Having a Budget Financial security is virtually impossible without a workable budget in place Unless you know where your money is going you can t begin to make cuts and properly allocate your income Creating a budget is as simple as getting a piece of paper and making two lists income and expenses Keep every receipt for a month so that you can really see where your money is being spent All those daily coffees and lunches add up Take charge of your spending habits Not Having an Emergency Fund Saving is crucial if your goal is to be debt free An emergency fund allows you to handle an unexpected event such as a medical bill or unplanned car repair without having to borrow money or use an existing credit card to cover the payment If you re not in the habit of saving start now You can begin with a small amount and then increase it as your outstanding bills decrease Most financial experts agree that 1000 is a minimum amount to work towards Your ultimate goal should be to have between 3 and 6 months worth of monthly income stashed away for financial emergencies Haphazardly Paying Your Bills Each Month If you have enough income each month to pay all of your expenses then this may not be a problem for you But if you are juggling your bills and robbing Peter to pay Paul you need to prioritize your bills Your living expenses should always be paid first this means your mortgage payment or rent and then your utilities medical needs and groceries Next in line is your car payment Further down the list are secured loans then unsecured loans and credit cards Don t risk losing the roof over your head Living Beyond Your Means Trying to keep up with everyone else in the most possessions department is an exhausting and dangerous habit The truth is if you can t afford to pay cash for an item you really shouldn t buy it Allow yourself a certain amount of cash to spend each week for those morning coffees lunches and other purchases When the money runs out it s gone Studies have shown that people who use cash to pay for items tend to be more thoughtful about what they buy and spend less than when using a credit card Making Late Payments You may think it s only a late payment charge you ll be hit with on your next statement But one late payment can trigger not only a late

    Original URL path: http://www.paydayadvance.org/Bad-Habits-That-Can-Lead-to-Financial-Disaster (2016-02-17)
    Open archived version from archive

  • Making Good Financial Decisions
    future and well being by making a poor decision which you may regret Hasty decisions involving money rarely turn out well Steps Toward Making Good Decisions About Money Decide what is really important This involves having an honest conversation with yourself about what you really want out of life It may be spending time with your spouse or children or maintaining your good health Determine your personal values and make financial decisions which are in keeping with them Control your spending Financial security is almost impossible to achieve without an active effort to control spending Examine your budget and look for ways to cut expenses Before making a purchase ask yourself Do I really need this When times are good it s easy to overspend and not think about your shopping habits But the smart financial choice is to live within your means and save as much as possible Economic conditions can change quickly and you need to be prepared Be cautious Everyone has responsibilities and obligations it s part of being an adult Owning up to your personal responsibilities and obligations can have a positive impact on your decision making process When you understand that the decision you make can have long lasting consequences either positive or negative it can help point you in the right direction Be deliberate with all financial matters Lose the emotion Money and emotions are hard to separate Impulsive emotional buying has led many a person down the road to financial ruin To make good financial decisions you need to have a clear head and think logically Receiving a raise or an unexpected bonus is not a license to go out and shop Be grateful for the surprising extra cash and then deposit it into your savings account Create a positive structure for making

    Original URL path: http://www.paydayadvance.org/Making-Good-Financial-Decisions (2016-02-17)
    Open archived version from archive

  • When to Consider Bankruptcy
    people who are working now are actually underemployed This translates to working for less money usually at a position for which you are over qualified Unfortunately if your income suddenly decreases or goes away altogether you still owe your outstanding debt It s a very tough situation to be in If you are currently trying to determine if bankruptcy is the right choice for you here are some thoughts to consider before making the final decision Remember that you have every legal right to file for bankruptcy But you should never rush into it without careful consideration of your own particular circumstances Bankruptcy can be an effective method of eliminating most or all of your outstanding debt or else having it re structured in a way that allows you to pay it off over time generally three to five years Bankruptcy can give you a fresh financial start but it doesn t solve every monetary problem If overspending and poor money management skills have put you in the financial predicament you now find yourself in then you need to seriously change your spending habits and the way you think about money Unless you learn to live on a budget save for emergencies and retirement and make a strong commitment to control your spending the chances are excellent that you will end up in the same financial mess in the near future It s important to understand what a bankruptcy can and cannot do A bankruptcy can Stop wage garnishments by your creditors Stop the foreclosure process on your home Stop repossession of a car or other personal property Legally absolve you from having to pay most or all of your debts Your debts are discharged when your bankruptcy is finalized through the Court Stop creditors from contacting you about your debt They may not call you or send you written notices A bankruptcy cannot Eliminate debts you incur after the bankruptcy You are liable for all new debt Eliminate certain secured debts such as a home mortgage or car loan You must personally negotiate with these creditors regarding repayment because these debts are never discharged If you want to keep your personal property such as a home or car you must continue to make payments and keep the accounts current Eliminate the following types of debt student loans alimony child support and any unpaid State or Federal taxes which you owe The decision to file for bankruptcy is not an easy one If you are dealing with overwhelming debt receiving constant phone calls from creditors or collection agencies or being threatened with garnishment of your wages it may be time to honestly look at your situation and determine if bankruptcy is the right choice for you One important aspect of bankruptcy is the effect it will have on your credit for years to come It s certainly worth mentioning and considering If you take a Chapter 7 bankruptcy your debts will be cancelled with some exceptions However any type of

    Original URL path: http://www.paydayadvance.org/When-to-Consider-Bankruptcy (2016-02-17)
    Open archived version from archive

  • Understanding Subprime Lending
    the following table shows the calculations for a 100 000 30 year fixed mortgage both with prime and subprime interest rates Credit Score Interest Rate Monthly Payment Total Interest Paid 620 674 Prime 7 761 717 158182 561 619 Subprime 13 802 1 169 320 918 As you can see over the life of the mortgage loan the interest payments are nearly double for the subprime loan and the monthly payments are also substantially greater Avoiding Subprime Loans If at all possible you should try to avoid subprime high interest loans They are very expensive and can end up costing you hundreds or thousands of dollars more than a conventional loan especially for long loans Here are some suggestions to help you avoid using subprime loans for your borrowing needs As your credit improves replace a subprime loan with a prime rate loan Once you have made timely payments on your subprime loan for a year or more contact traditional lenders to apply for a prime loan This can result in significant savings for you Before applying for a loan check your credit report It s always a good idea to check your credit report at least once a year But it s critical to check it before you apply for new credit Reporting errors do happen and the only way to know what s on your report is to thoroughly examine it and report any discrepancies Make certain that the information is correct and up to date Know your credit score You may request your score from the three main credit reporting agencies Equifax TransUnion and Experian Apply for a loan from a bank or credit union Studies have shown that nearly 10 15 of consumers who consider themselves as subprime borrowers actually could qualify for a prime rate

    Original URL path: http://www.paydayadvance.org/Understanding-Subprime-Lending (2016-02-17)
    Open archived version from archive

  • Beware of costly debt traps
    Buying More House Than You Can Afford You only need to look at what happened to the housing market over the past five years to understand the truth of this statement The massive amount of foreclosures was mainly due to the fact that people signed on to mortgages which they could not legitimately afford Financial experts suggest that you not spend more than 28 of your gross income on housing expenses The more money you can apply as a down payment the better off you will be 20 of the total purchase price is what most financial planners advise You must also factor in homeowner s insurance and real estate taxes which can be considerable amounts If the numbers don t add up keep saving To avoid the possibility of losing your home to foreclosure it s best to purchase a home only when you can truly afford it Misusing Your Credit Cards It s important to know the right way to use credit cards Ideally you should never charge more than you can afford to fully repay at the end of each billing cycle By doing this you avoid late fees overlimit fees and interest charges However millions of American consumers continue to use their credit cards as a way to live well beyond their means If you only pay the minimum amount due each month and continue to make new purchases it will probably take you at least a decade to fully pay off your outstanding balance One late payment can result in a higher annual percentage rate If you are more than 30 days late with a payment the credit card issuer will report this information to the three main credit reporting bureaus This will most likely damage your credit score When your credit score drops it greatly affects your ability to get good rates and terms for any future borrowing This all ends up costing you more money At most your goal should be to have an outstanding balance which doesn t exceed 30 of your credit limit To avoid costly penalties when using credit cards always pay your bills on time and pay more than the minimum amount And of course keep a close watch on your spending habits Frequent Use of Payday Loans Payday or Cash Advance loans have become very popular over the past ten years Much of this is due to the still sluggish economy and to the tightening lending practices being used by traditional financial institutions Payday lenders do not adhere to these same strict standards A payday loan can be a financial lifeline when an unexpected event happens such as a medical emergency or an unplanned car repair But these loans are meant to be used as a one time solution to a one time monetary problem The trouble begins when you take out a payday loan can t repay it when it is due in two weeks then roll it over for another two weeks and then another two

    Original URL path: http://www.paydayadvance.org/Beware-of-costly-debt-traps (2016-02-17)
    Open archived version from archive

  • Credit Card Mistakes You Should Avoid
    bottom line is that any or all of these occurrences mean more money down the drain for you Also if your payment is more than 30 days late your credit score can really suffer CreditCards com reports that a single 30 days late payment can negatively impact your credit score by 60 to 100 points Paying Minimum Amounts Each Month Almost everyone knows that you should pay more than the minimum amount due on your credit card bill every month But actually doing it is another matter entirely Yes you can keep your account current by only paying the minimum due This is exactly what the credit card companies want you to do Their huge profits come from consumers who do exactly this It means you pay more interest charges each month It also keeps you in debt for years to come In a perfect world you should only charge what you can afford to fully pay off each month If you have an outstanding balance always try to pay more than the minimum required This will allow you to pay off your debt more quickly assuming you don t keep charging new purchases and can save you hundreds or even thousands of dollars in interest fees Using All of Your Available Credit It s tempting to use your credit cards for purchases especially when you have available credit on them But financial experts recommend that you use no more than 30 of your credit card limits at any given time How much you owe has a direct bearing on your credit score If your credit cards are maxed out it can significantly lower your score The ideal situation is to only charge each month what you can afford to fully pay off This keeps your debt ratio low but also keeps your account current and active Taking Cash Advances When you re stuck for cash it s easy to get a cash advance on your credit card But unless it is a true emergency avoid using this service Cash advances generally come with very high interest charges and sometimes an additional fee Plus the interest starts accruing immediately There is no grace period with a cash advance If possible investigate other means of getting cash Ignoring Your Monthly Billing Statements Whether you receive your statements online or through the mail it is important to open them every month and look them over You should check to see that all of the purchases are legitimate identity theft does happen and you need to be vigilant Report any errors or discrepancies to your credit card issuer Double check the due date to avoid any late fees Being Charged Foreign Transaction Fees Any time you travel outside of the country you should call your credit card company and make them aware of your travel plans Find out about any foreign transaction fees associated with your card The majority of Visa and MasterCard issuers charge a transaction fee which is 3 of the

    Original URL path: http://www.paydayadvance.org/Credit-Card-Mistakes-You-Should-Avoid (2016-02-17)
    Open archived version from archive

  • How To Be A Savvy Borrower
    there really are two types of debt good debt and bad debt Good debt is generally considered something you buy which will increase in value such as a house Bad debt is when you use credit to purchase things which have no real value just about everything you spend to maintain your consumer driven lifestyle Before you decide to take on more debt either good or bad here are some questions you should ask yourself What if I m suddenly earning half of my current pay Unfortunately the job market has been volatile for the past few years and there is no indication that it will greatly improve any time soon When you are considering adding to your debt load it s smart to think about the worst case scenario What if you lose your job What if your hours and income are greatly reduced If taking on this new credit means falling off a cliff financially if something unexpected happens it s better to walk away What is the real cost of the new debt You have to factor in not only the actual cost of the item you are purchasing but also the interest charges you will pay over time Using current interest rates a personal loan of 10 000 paid over ten years will end up costing you about 17 000 A 30 year 300 000 mortgage will cost around 750 000 in total You should think about what you could do financially with that extra money that you re spending on interest payments Always explore your alternatives Am I getting the best rate No matter what type of new debt you are considering always shop around for the absolute best rate If you are like most American consumers you probably use credit to purchase nearly everything you buy Many people get lured in by offers of free interest for six months or end up buying a car or television or furniture that is much more expensive than what they actually need Before jumping into more debt for consumer items ask yourself these tough questions Do I really need this Any time you are dealing with spending habits it is important to know the difference between want and need A lot of people have trouble with this concept they consider everything a need Could you save up for this purchase and not have to use credit It s always better to pay with cash and avoid all the interest charges Is this truly a good deal Many retail outlets offer in store financing While it may be quick and easy to get this new credit it is not always the best deal financially Shop around and compare prices and deals How long will it take to repay this debt Unless your income has increased taking on new debt means putting money towards a new payment This usually entails cutting expenses somewhere else in your budget Is it worth it A good rule of thumb is that for

    Original URL path: http://www.paydayadvance.org/How-To-Be-A-Savvy-Borrower (2016-02-17)
    Open archived version from archive



  •