Are Short-Term Loans a Scam?
July 23, 2009 | Posted by adminAre short term loans a scam? The answer might surprise you, the actual answer is no. Many people become dangerously deep in debt due to credit card debt or bad credit loans.
Short term loans such as payday loans are actually beneficial to consumers. If you are low on cash at any time during the month [...]
Categories: Payday Loans |
How A Short-Term Emergency Loan Saved Me Money
July 21, 2009 | Posted by adminJust after my bank offered short term loans (35 days maximum) I had 2 credit cards that were about to bill me $59.00 each annual fee. I took advantage of the loan and paid off both credit cards and closed them. I owed around $450.00 on both cards. My short term loan charged me $50.00 [...]
Categories: Payday Loans |
Should the Government Ban Short-Term Payday Loans?
July 21, 2009 | Posted by adminThere are several reasons why the government shouldn’t ban short-term loans. First of all, there is interference with free capitalism and trade. Secondly, the government now owns big banks, and they do not want the small lenders to take business.
They want to restrict the amount that payday cash advance (short-term) lenders and pawn shops can [...]
Categories: Payday Loans |
Short-Term Loans vs. Credit Cards
July 17, 2009 | Posted by adminShort-term loans are “safer†than credit cards in a couple ways, even though many try to say this is not true. You can get a short-term payday loan with no credit check, and no ding on your credit history. The cost is not outrageous, and is usually about $15 to $25 per $100 borrowed. Compare [...]
Categories: Payday Loans |
Short-Term Loans Cause Long-Term Destruction
March 13, 2009 | Posted by adminOne of the great tragedies of financial illiteracy is that reality isn’t very compassionate. Not knowing the basics of personal finance can completely destroy one’s financial well being. Seemingly trivial mistakes can destroy one’s life.
Peppered throughout tens of thousands of towns and cities throught the world advertise so-called “short-term loans†— typically referred to as [...]
Categories: Business Loans, Payday Loans, Student Loans |
Thoughts on Getting a Short-Term Business Loan
January 13, 2009 | Posted by adminWrite a business plan. Get a short-term business loan. Make the plan happen Pay off the loan. This makes sense, right? It should work, right?
…but it doesn’t always work out that way.
Unexpected roadblocks can delay all your best laid plans. The market does and will change unexpectedly. Health issues may occur that delay execution of [...]
Categories: Payday Loans |