Important Information You Have To Know About No Credit Check Loans!

Regardless of whether we like it or not, we all experience going through rough times, especially when it comes to our finances. And no matter how much we try to ensure that we’ve managed our finances properly, there will always come a time that we find ourselves in a financial rut.

Financial ruts can range from small and simple unexpected bills to more expensive ones that include food, housing expenses, car repairs, household items that we need to pay for. The problem is that sometimes, payday seems to be so far away. Hence, the immediate need for a way to settle the debt. To make things worse, not everyone has a good standing credit score, making the situation more complicated that it seems.

Credit Score

An individual’s credit score can greatly affect if and how much he can lend from financial institutions who determine this by several factors – late payments, amount of money in the bank that one has, bankruptcy and others. Generally, the higher the credit score, the better since a good credit score testifies to your ability to pay the lending company.

But due to unavoidable circumstances, even late payments to credit card and utility companies severely damage and lower your credit risk, making it hard for you to even borrow money should you need it.

The good thing though is that there are companies who offer no credit check loans, subject to their regulations. This would be a better option if the amount offered through payday loans online isn’t enough for what you truly need.

In terms of requirements, there isn’t much to begin with. Most would consider you after you are able to present proof that you are earning at least a thousand dollars and that you have a full-time regular job. The problem though is that since this lending option entails no credit check loans, then there’s a limit as to how much you are only able to borrow. Most states put the limit at $500 but there are quite a few companies who offer even more of as much as $1,000 dollars. This is often what we call an unsecured loan.
Now, there are loans that lessen the risk on the part of the lender, which we refer to as secured loans. In this case, the lender requires that the borrower, before being lent money, present to him a collateral, an item of high value equal or more to the money borrowed. Now the collateral, often in the form of jewelry, land title, and cars, guarantee payment on the part of the borrower and should payment not be made and the debt left unsettled, the collateral will be forfeited. This type of loan is usually long term and offers as much as a thousand to twenty five thousand US Dollars.

Processing time may take longer than a day although the guarantee is that you can always look forward to something in your next paycheck, unlike the other no credit check loans where your next paycheck definitely goes to the lender.…

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If you’re an average employee with a regular job at “goedkope zomervakantie”

extra moneyAnd just needing that extra money to pay for sudden expenses that isn’t really part of your financial plan, then look no further for lending options and take advantage of the guaranteed payday loan.

Let’s admit it, everyone of us experiences it at some point. No matter how much you save and prepare for your monthly expenses, there always come that time when you either miss something or a bill crops up from out of nowhere. Be it for food, household expenses like utilities, repair for the car or anything that can’t seriously wait until the next payday, you need to have that loan and fast! But going to banks is tedious, not to mention, the amount of paper work you have to fill-up just to get that car of yours repaired. And most of the time, financial institutions in general aren’t much of a help either. This is where a guaranteed payday loan comes in.

Guaranteed payday loan is perfect when you need to spend for something but the next payday seems just so far away and compared to other lending options, it’s faster and easier too! Here are just some of the key benefits:

1) Speed. Generally, lending companies that offer payday loans do not require their users for documents and papers aside from the basic paper work that they need for file.

2) No Credit Check. Is your credit risk high? Don’t worry because a guaranteed payday loan doesn’t require a great credit score! Yes, lending companies do not generally conduct a credit check for people who go for a guaranteed payday loan.

3) Amount. There’s also flexibility of options in terms of the amount that you can borrow, helping you control your expenses. Usually, the amount ranges from $100 to $500, which is pretty much enough to cover what you need.

4) Waiting Time. And did we mention that loans are approved in 24 hours? Yes, you don’t have to wait for representatives to finish their background check because money is wired within 24 hours of application, immediately after verification has been performed.

5) It’s all Online. Because we have automated much of our processes, even filing for a guaranteed payday loan can be done from the comfort of your own homes! No more waiting for the bank to open, or for staying in line. In fact, forget about even leaving your house just to submit your documents! Download forms from your lenders website, fill-them out and submit them as per the requirements of your moneylender and you’re good to go.

6) 95% Chance of Approval. Believe it or not, seldom are people turned away when they apply. More often than not, 95% or even more are granted a loan which means you have a high chance of getting that guaranteed payday loan.
At some point, the flexibility, easiness and smooth free process of securing a fast and guaranteed payday loan beats other lending options, making it one of the better choices when in need.…

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Fixed Rate Mortgage

A fixed rate mortgage is a loan with a fixed monthly payment that remains the same throughout the life of the loan. With most fixed rate mortgages (FRMs) the debt is fully amortized at the end of the life of the loan. These loans are available for ten, fifteen, twenty, thirty and forty year periods. The traditional fixed rate mortgage has been for thirty years.

The fifteen and thirty year FRMs are the most popular. The forty year fixed rate mortgage is relatively new on the scene and has not, as of the moment, become a popular choice although Fannie Mae is experimenting with them in conjunction with 21 credit unions across the country.

For many years, lending institutions have made fixed rate mortgages available only to individuals with quality credit ratings. While they have loosened somewhat on that requirement, it still applies in many situations. Often, people with credit scores under 700 can only qualify for an adjustable rate mortgage. It has also been traditional that a 20% down payment was required in order to qualify for a fixed rate mortgage. That is still true to some extent, although many people circumvent the issue by borrowing with a second loan (a “piggyback” loan) to assemble the down payment.

There are a number of hybrid loans coming forth these days as lending institutions scramble to develop products that can still make it possible for people to break into the housing market. The difficulties with subprime mortgages has not slowed the lending institutions; it has only made their marketing and product development departments work harder.

One of the advantages of a fixed rage mortgage is the fact that there can be no surprises in the monthly mortgage payment – it stays the same for thirty years or however long the borrower stays in the house. One of the more radical departures from the strictures of the traditional fixed rate mortgage is the fixed rate, “interest only” mortgage. This loan has an initial rate for monthly payments that are only for the interest on the loan.

At the end of the initial period – one year or three years, perhaps – the payment jumps to a full interest and principal payment. If the initial period was three years on a thirty year note, then there are twenty seven years left to pay off 100% of the principal. That mortgage payment is going to take a substantial jump.

All fixed rate mortgages have the same monthly payment, but the mix of principal and interest changes constantly. At the beginning of the loan’s life, the payments are almost entirely interest. As time passes, more of the monthly payment becomes principal. That is a characteristic true of virtually every fixed rate mortgage in this country.…

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3 Reasons to Pay You Student Loans Slowly

I’ve decided to pay off my student loans slowly. Sure, I can pay more and knock it out within a few years. BUT I need to build my nest egg and emergency fund man! Here are my reasons for paying off student loans slowly:

1. The interest is super low. I am not going to find a loan with lower interest rate. Mathematically, it makes more sense to pay off the student loan monthly minimum and put any extra money toward a higher yielding account such as an IRA. For the conservative, the money market also generates higher interest than a student loan.

2. You can write it off your taxes. This might not matter for me since the standard deduction is usually more than enough. For a majority of people, you can deduct student loan interest from your taxes. The maximum you can deduct is $2,500. There are also certain salary restrictions. Visit the IRS (hooray!) for more details.

3. Building wealth is more fun. How fun would it be to look at your student loan balance and bank account at $0. Boring! I would rather see a student loan of $50,000 and a bank account with $50,000. In my eyes, the $50,000 in a bank account feels a lot better. Plus, you have a nice little emergency fund that you wouldn’t have if you paid off your debt immediately.…

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6 Upgrades To Save Money On Energy

Energy Star has a little chart that shows how replacing the standard equipment in the house can save you money in the long run. It shows you the extra cost, the annual savings, and for the impatient, the payback period.

The 6 upgrades are:

1. Get a programmable thermostat.
2. Replace your incandescent bulbs with compact florescent light bulbs.
3. Upgrade to a more energy efficient furnace.
4. Replace your laundry machines with the low water/low power machines.
5. Get windows that keep the heat (or cold) in your house.
6. Get an energy efficient central air conditioning unit.

You should definitely start with the top 2 (Getting a programmable thermostat and replacing your light bulbs). It will only cost 70 bucks and your extra cost will be paid back within 7 months. The savings for upgrading your furnace are pretty good. It saves you $400 a year.

A surprise was the windows. I was under the impression that closing up leaks in the house was the best way to save tons of money on your energy bills. The cost to savings ratio of new windows isn’t worth it to me. I’d rather put wax paper over my windows. And the bonus of using wax paper? Your neighbors won’t be able to see you.

Upgrading your central air conditioner unit to save $35 is also not worth it unless you plan to live in the house for a very long time. Here’s the chart from Energy Star.
Save Money On Energy

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Pay yourself first

Before paying any bills or buying a delicious burger, PAY YOURSELF FIRST. Take a part of what you earn and bury it in your backyard (or put it in the bank or somewhere where you can’t see it).

Even if it’s just a little, you will AUTOMATICALLY adapt to living without it. We’re human. We’ll Survive without it.

And the cool thing is that eventually over time, you’ll have a nice pile of money to sit on.

I have part of my paycheck go into various 401(k), IRA, index funds, and money market accounts. I DON’T NEED TO DO ANYTHING TO PAY MYSELF FIRST since the money is taken out on the same day I get paid via electronic transfer.

You know what happened? My lifestyle adapted without that money. And I’m still alive.…

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