Tag Archives: expenses
Debit card loans: Preferable monetary assistance at your disposal
At certain point of time, you have to face sudden monetary crisis, where in you need to source the funds within a short span of time. But, the task of arranging the funds on your own is never going to be that easy. So, you will have to get hold of the funds through external financial resources. This is precisely, when you can seek the assistance of debit card loans. With these loans, you can avail the required to deal with any short term monetary crisis, without having any outside interference.
The cash amount approved is made available to you on the basis of your debit card. Further, the amount released is a lot based on your income and repaying capability. As per the need and requirement, you are free to derive any amount in the range of £100-£1500. The amount availed can be used to cover expenses on needs such as;-
Paying medical and hospital bills
Loan installment
Maintenance of car and house
Unscheduled tour expenses
Once you have made use of the loans, it is time to pay back the amount, which you have to do it over a period of 2-4 weeks. But, even before availing 3 month payday loans, you will have to fulfill some prerequisites:-
You need to be employed for the past few months
The monthly income drawn should be at least £1000
Must have access to a valid checking account
Age should be more than 18 years
The interest rate charged on the loans, however is slightly higher than the normal rates. But then, you can come across lenders offering these loans against viable terms and for the same, you can undertake a detailed research of the loan market. Besides, one you make use of the online mode, you do have the option to source the loans against comfortable terms and conditions.
With debit card loans, you are well set in a position to derive the financial leverage that lets you take care of all your short term needs and demands.
Writing A Sample Letter for Loan Modification Application
Are you looking for a sample letter for loan modification application? So are half of the homeowners in the country. The letter you send in with your loan modification application is just as important as the application itself, if not more so. Here is a great sample letter for loan modification application for you to take example from:
Name:
Loan Number:
Address:
Phone Number:
Email Address (if applicable):
To Whom It May Concern:
I’ve sent this letter to you in order to explain my reasons behind requesting a loan modification on my mortgage. Before last year, I had never made a late payment on any of my monthly expenses, but after the death of my husband things have been increasingly difficult to handle. I am requesting an interest reduction down to 6.25% from my current 8.80%. I feel it is a fair percentage for you, and it is just within my means.
Before my husband passed away, we had both been making more than enough to afford our mortgage. Once our interest rate rose to 10.24% and we had no difficulty paying it. However, once he passed away I was left with half of the monthly income I had before. I had been pulling together enough to pay the bills and mortgage by pulling from our savings and the small amount of life insurance I received, but I’ve run dry and have no other option than to request a manageable, fixed interest rate from you.
Without a reduction on the interest, I will not be able to afford the monthly payments. I have to choose between a loan modification and a foreclosure. I would far prefer the former, and you probably would as well. 6.25% is the most I will be able to manage, even if I cut all of my expenses out of the picture. Please consider my application seriously and I hope to hear more from you on the matter.
Sincerely,
Your Name
Notice this sample goes a little in depth about the circumstances of the homeowner seeking loan modification. What’s more, she also has determined her ideal interest rate based on her current income, showing her lender that she is taking the matter very seriously and wants to work with the lender to stay in her home.
While this sample letter for loan modification application is not perfect, it pleads a good case to the lender and puts it all on the table. Your lender needs to know it’s either modification or foreclosure and there is no way around it. They may lose money on a loan modification, but they lose much more on a foreclosure. Get all of your facts, story, and numbers straight and even you can write a compelling hardship letter.