What are the options available when you need emergency cash right away? Do not panic and take action at once. Pause and consider various options lest you are saddled with a loan that works against you.
You can opt to borrow out of your credit card. But that would involve high interest rates. Besides if you are not careful, the amount could pile up in a few months and send you into a debt spiral. It is not prudent to borrow out of long-term savings or retirement fund as it can jeopardize your future. You can consider borrowing against the equity in your home. A home equity loan can bail you out of an emergency but there are procedures and paperwork that need to be tackled.
An emergency cash loan option like payday advance forces you to pay off the outstanding amount quickly. This prevents the debt from piling on and accruing exorbitant interest. Most emergency cash advances are paid within a month from the disbursement of the loan. In some cases, the repayment of this emergency cash loan is extended for another few weeks with accruing interest. While emergency cash loans can bail you out of any financial or medical emergency immediately, the flip side of the coin is that it usually comes at higher interest rate.
Adequate research would help you weed out unscrupulous emergency cash lenders. Before you finalize on an emergency cash loan lender, check up with BBB – Better Business Bureau or consumer groups. Keep your ears and eyes peeled for complaints and fraudulent practices.
source : http://www.targetwoman.com/articles/emergency-cash-loan.html
Thursday, July 19, 2007
Monday, July 2, 2007
Bad credit for a car loan
Bad credit for a car loan could pose problems such as higher interest rates and higher fees as well as rejection for lending. To avoid dealing with the problems associated with a poor financial history, make wise financial decisions such as opening up a Visa card account and paying the balance off each month. Those who already have poor finances need to apply for lending and take a few steps before entering the dealership to insure getting the best deal possible. The first thing potential vehicle buyers will want to do is research lending options outside of the dealership. When people enter dealerships with bad credit loans, dealers usually offer financing options according to payment amount not value amount.
To limit possible consequences of applying with a poor financial history, go to a traditional lender such as a bank or credit union. These lenders will take the time to educate someone with bad credit for car loans that fit their income level. This way the applicant can look for the best valued car at a particular price. People trying to borrow with bad credit for a car loan amount higher than their income allows will have a difficult time improving their borrowing history. Applicants need to use the bad credit for car loan as an opportunity to strengthen their score. By accepting the consequences associated with bad credit loan for car, such as a larger down payment or shorter loan term, applicants can begin making timely payments. This will help them improve a future rating and allow them to avoid the costs added to having a poor financial record.
source : http://www.christianet.com/badcreditloans/badcreditforacarloan.htm
To limit possible consequences of applying with a poor financial history, go to a traditional lender such as a bank or credit union. These lenders will take the time to educate someone with bad credit for car loans that fit their income level. This way the applicant can look for the best valued car at a particular price. People trying to borrow with bad credit for a car loan amount higher than their income allows will have a difficult time improving their borrowing history. Applicants need to use the bad credit for car loan as an opportunity to strengthen their score. By accepting the consequences associated with bad credit loan for car, such as a larger down payment or shorter loan term, applicants can begin making timely payments. This will help them improve a future rating and allow them to avoid the costs added to having a poor financial record.
source : http://www.christianet.com/badcreditloans/badcreditforacarloan.htm
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