Tag Archives: best
Finding The Best Payday Loans
Are your expenses for the month going overboard and are you finding it difficult to keep them within your budget? You are not alone with the current economic trend; living within ones means is always a great challenge. Regardless of however careful we are on certain months, we fall short of money in such situations. During these times, payday loans are a great relief. You can find so many payday lenders that are willing to give you loans to help you out of your financial crunch.
Though there are many payday loan lenders, you need to carefully choose your lenders so that you get the best UK payday loan. Before you take any loan, you must compare the lenders, their interest rates and their terms and conditions so that you get your online payday loans at the lowest interest rate possible.
If you start searching for your payday loan company online and review each one of them individually, you will end up spending a lot of time on the internet and you will only end up in confusion as there are so many loan companies and to pick the best lender is very difficult task. Moreover, you can never be sure whether you have searched all the UK loan companies and compared them. Payday loans are for emergency situations and you cannot afford to spend a lot of time on the internet just searching for pay day loans. You will receive the money fast, so going about searching for individual lenders on the web will not be a practical approach.
Alternatively, you can consider using Paydayonly.co.uk. This website will save you a lot of time as you can find your payday loans within a short time. Using the Find A Lender feature on this website, you can easily get all the top lenders in the market. You just need to fill the form once and submit your preferences and you will find all the top payday loans companies lined up for you. You can also compare between various payday loan companies because you will get the best deals only when you compare various payday lenders.
When you compare payday loans, you must remember to compare them on all the important parameters such as roll-overs, higher loan value, fund transfer speed etc. You should not blindly compare just the loan fee. You must also check whether there is any processing fee for your payday loan. You must also remember to read the reviews of all the top lenders so that you can make a well informed decision.
Never make a hasty decision when you want to get a payday loan because your hasty decision can lead to a lot of loss. Always anticipate your expenses so that you can plan your budget well and even if you have to get a loan, you will have enough time to shop for the best payday loan.
Top 5 Refinance Tips Your Loan Officer Doesn't Want You To Know (Page 1 of 2)
Yes! Getting a loan these days can be scary. Even experienced borrowers have been taken advantage of by unscrupulous loan officers. Don’t let it happen to you. I have five must read tips to fend off a potential loan disaster.
Before reading the tips, keep in mind there are credible, ethical, good guy (and gal) loan officers across America and they’re just as mad as you are about the rats that feed off of unsuspecting people. Make no mistake; great loan officers know it is in their best interest to make sure you are an informed borrower.
Here are some things BAD loan officers do:
· Manipulate borrowers to take loans and rates that pay the loan officer more than what is agreed upon.
· Charge much more in origination using random excuses (your credit’s not good enough, you can’t verify your income, you’re getting cash out, etc.)
· Convince people to do a loan when it’s not in their best interest.
Let’s weed out the bad guys! Here are the five tips…
Tip 1: Interview your loan officer
Ask for more than just rates. Bad loan officers will tell you anything to keep you on the phone — then change the details to suit them later. Instead, make them get real with you! Ask how long they’ve been in the industry. Probe them about their experience in the industry. Also, ask what their opinion is on the current market and where it’s going.
Listen closely. Do they have the patience to answer your questions or do they seem annoyed. Is their voice hesitant? Unsure? Pay attention to your instincts. If you have a “funny” feeling in the pit of your stomach, chances are you should move on. (More questions to ask while interviewing located in the free eBook)
Tip 2: Make sure the loan is in your best interest
Here’s the deal… most loan officers are paid on commission (many on commission only). That means they don’t get paid unless they complete a loan with you. The problem is “their loan” may not be in your best interest. You need to look at what’s being presented and decide if it meets your needs. Some things you should consider: How much is the loan costing you? Is there a term reduction? Are you adding too much to your balance?
You should do a cost-to-savings benefit analysis. This is where you take the total cost of the loan and compare it to the benefits of the loan (monthly savings, cash out, term reduction, etc). This will help you determine if the loan is worth it to you. (See examples of cost-to-savings benefit analysis in the free e-Book)
Tip 3: Consider your loan options carefully
You may be saying, “Yikes! There are so many to sort out!” True… there are many different loans out there to consider: 5/1, 7/1, 10/1 ARMs (Adjustable Rate Mortgages)… 30Yr, 20Yr and 15Yr Fixed rates… Neg Ams, Hybrid Option Arms, Helocs, etc. But, keep in mind that each loan has its own unique purpose and function. Choice is good and it’s the loan officer’s job to help you find the best loan for your purpose. That’s why it’s important that your loan officer explains the loans they are presenting in FULL detail. Again, take notes. Ask questions until you feel comfortable with the options presented.