Author Archives: Terri Hayes

Personal loan

Do you use a personal/payday loan, or do you have it in mind to finance a car? It is a form of borrowing money where you choose a fixed interest rate and a fixed term that you can agree with the bank in advance. You cannot just repay early, but you already know that your monthly payments… Read More »

Use Online Lenders

If you cannot get a loan from your local bank, you can search online. Many internet financers offer small, short-term loans, even for lenders. Some sites to check are: MyCashBorrow . This website is not a lender, but helps borrowers with a low income to find loans. When you complete an application at, the site finds lenders who are… Read More »

Go to your bank

If you can get one, a personal loan without collateral from a bank or a credit union is a much better deal than a payday loan. The interest is much lower, and you have more time to pay it back. According to the Federal Reserve, the average interest rate on a personal two-year loan was 9, 75%… Read More »

Borrow from friends and family

In some ways, borrowing money from friends and family is the best deal you can get on a loan. People who care about you will probably not disappoint you if you are in need. They probably also give you enough time to pay it back and make it easy for you if you miss a payment. Sometimes they… Read More »

Collect your paycheck early

Instead of getting a payday loan to proceed to your next salary, you should determine whether you might be able to collect your salary early. If you work for a large company, go to human resources and ask if you can get an advance on your salary. If you work for a small company, you must approach… Read More »

Sell or pledge your assets

If you are in a hurry with cash, try cleaning your cupboards. Search for high-quality items that you can sell, such as: Jewelry (such as an engagement ring) Electronics (new or old) Musical instruments Unused tools Collectibles If you have a store in your town that deals with this type of goods, try it first. If not,… Read More »

Dealing with debts

Instead of simply delaying the payment of your bills, you can try to negotiate with your creditors and see if they give you a break. They don’t want you to file for bankruptcy, because if you do, they lose everything. In some cases, creditors accept a flat-rate payment for only part of what you owe. In other… Read More »

Payday Loans and Paying your bills late

Pay your bills late In theory, the purpose of a payday loan is to guide you through a temporary money crisis. If you need a stack of bills on Monday, but you can only pay for your next salary on Friday, a payday loan looks like a good way to close the gap. In many cases,… Read More »

Build an emergency fund

Even with a good budget, there are always a number of costs that you cannot plan. Every form of emergency, such as a house fire or a car breakdown, can lead to large, unexpected invoices. You can never know for sure when or how this type of disaster will strike – but you can be pretty sure… Read More »

Alternatives for Payday Loans

It is easy to claim that flash credits and car loans are only bad and should be banned completely. But the problem is that there is a demand for it. A Pew survey shows that most users of payday loans say that these loans benefit from this – but at the same time most say that the… Read More »