Financial Accuracy » Cash Loan

Cash For Clunkers–”Cash For Clunkers”

MoneySmart — Mon, 27 Jul 2009 22:06:50 +0000

Cash for Clunkers is underway and the government is starting to hand over money to those who turn in cars that are currently getting poor gas mileage. The cash for clunkers program is an attempt to help the environment by providing incentives for people to buy newer and more eco-friendly cars. The government has set aside $1 billion in for the program.

Cash for Clunkers gives away anywhere from $3,500-$4,500 per car/truck that is turned in. The amount of money given depends on what type of car the consumer is upgrading to. If the car is more fuel efficient, the consumer will be on the higer end. Cash for clunkers is expected to be a hit and over 80,000 dealerships have signed up to participate tin the program.

So incase anyone is looking for a new car and would like an extra $4,500 towards the purchase of their new car, this is the way to do it.

Ok, Now What?

MoneySmart — Tue, 10 Mar 2009 17:19:55 +0000

So you’ve been trying harder and harder every day to save money. You’re doing the best you know how, and you’re doing a pretty good job. You’re not over-spending so much and you’re watching where your money is going most of the time. Perhaps the failing economy is one of your primary driving forces, but whatever does it for you.

But sometimes all this saving just isn’t enough. Sometimes we just need a little extra boost to keep us on our financial feet. Every once in a while we might not have saved enough money to make a payment on a bill before it becomes overdue. Or maybe there is something else that needs to be paid for really fast and there just isn’t enough money. If you’re stuck for money, I suggest getting a payday loan.

Payday loans are just short, two-week loans. They are paid back once you have gotten your paycheck, and the interest over two weeks doesn’t add up to be very high. If you borrow $100, a good payday loan shouldn’t cost you more than $15 in interest.

You have to make sure you are getting your payday loan from an honest and reputable company. Find out how much the interest rate is before going through with the loan. Also, use them responsibly.

I have found one of these great payday loan companies. They are one of the leaders in the financial services industry. They have tons and tons of employees and are just a big company. You can check them out by going to Check City’s Website. They do payday loans online, but they also do them in their stores.

A Payday Loan By Any Other Name…

MoneySmart — Tue, 20 Jan 2009 16:38:57 +0000

As it turns out, the name payday loan isn’t the only name for this particular service. In fact, there are several different names that all mean the same thing. Here’s a list of names that all mean the same thing:

Payday Loan
Payday Advance
Cash Loan
Cash Advance
Paycheck Advance
Cash Advance
Consumer Loan
Consumer Advance Loan

I’m sure there are many more, but these are just a few of the names given to a payday loan.

So what actually is one of these things? A payday loan is a short-term loan, to be paid back on the borrower’s next payday from their job. It usually has a higher APR (Annual Percentage Rate) than other, regular loans, but since the loan is only a couple weeks long, the interest does not get too high. For example, if a payday loan had an APR of 390% and you borrow $100 for two weeks, the interest would come out to be just $15. That makes the total repayment $115, which isn’t too much of a difference.

The way you need to look at it is this: If you have an unexpected bill, you can either pay it off with a payday loan and just pay back the interest, or you can wait on the bill until you get paid to pay it off and tack on the penalty of paying a late bill. That penalty could be more than just a fee. It could show up on your credit. You don’t want to have all those problems, so just find yourself a good payday loan. But when you do, make sure to use it responsibly.

For more information on payday loans, Click Here.