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Instant Cash Loans for all kinds of financial emergencies
Instant cash loans are a new trend catching a fast pace. These days taking a loan has become very simple and quick. You can get a loan within one hour. Instant cash loan companies help their customers connect with instant cash loans which get funded within an hour. No matter what the purpose of the loan be, be it your car breaking down, a personal loan, home loan, or anything else, instant cash loans can save you on a lot of time and hassle of going through long unending paper work and formalities. Instant cash loans can be your saviour in the time of need, be it your pending phone bills or other expenses piling up. Instant cash loans are the perfect solution and you need not go through unnecessary and frustrating formalities any more. Instant cash loans companies are on the rise and fast spreading all over the world. All you need to do is pick the best one out, one that offers a favourable rate of interest and is reputed. Although instant cash loans companies are available online too, you should be extremely careful if you want to go in for an online instant cash loan and trust only reliable and established sources.
Instant cash loans are the answer to all your urgent needs for short term cash. Payday loans are also a type of instant cash loans as they are funded to your account almost immediately and are paid back on your next payday which is certainly good for you. They are becoming increasing popular these days simply because of the ease of availing them. They are called payday loans as the whole process is integrated with the date of your next pay check and are custom made specifically for those purposes, for instance one might run out of money a couple of days before his or her pay check arrives. You can apply for instant cash loans in two ways and choose whichever seems more convenient to you. The first way is to avail an instant cash loan over the internet. The other is to choose an instant cash loan company and visit them or talk to one of their representatives. Online loans are more hassle free as you simply need to fill out a form and attach the required documents, although both ways are equally fast and respond quickly.
The criteria for application for an instant cash loan are pretty simple. Your weekly income plays a big role in determining the amount of loan you are eligible for. If you have a history for availing loans and paying back on time, you are usually entitled to bigger loans. If you want to avail an instant cash loan, all you require besides the application form is your recent bank statement, employer information and a proof of recent financial activity. Instant cash loans can be availed for all kinds of emergencies. Pick your loan company very carefully and weigh aspects like the rate of interest, payback period, etc, well in advance.
Pitfalls of debt consolidation
In my mail box everyday I receive at least one or two mails regarding the debt consolidation companies and services and I always wonder how many people will be taken into these attractive statements without knowing much about the details. The luring claims of these companies include;
1. To decrease interest rate to almost a zero level.
2.50% lessening of monthly payments
3. A security to your company and debt.
If you are stuck into this whole system of unpaid debt these statements would look like a relieving pain killer or an exact ointment on your wounds. But before actually jumping on any of these services let me give a few drawbacks of this whole methodology that will compel you to think appropriately and then decide.
Zero Interest Rate
Well, zero interest rate is not possible humanly, because no fooling is sitting in these companies to let you spend all his money gaining no profit in return. Its just like you need to have a detailed calculation about the monthly payments you are going to make and the time period. Most of the times youll come to know that interest rate are as much as 22 to 25% high. You may be paying less monthly amounts but yeah the duration will be much prolonged.
Payments and their Share in these
You will pay your monthly amount to these debt consolidation companies and then lets see what can happen to those. First of all you may notice that they are having their share or fees in every payment and ultimately paying the creditor a lesser one. Then some of these companies are even notorious to make late payments or missed payments that will worsen your credit score and your rating for payments.
Balance Transfer Cards
These low interest balance transfer cards re very much into market these days even you can have dozens of them in your pocket. But what is the drawback? You ask for such a balance transfer cards and pay that low interest payments for few days, but after that time this interest rate is diminished and you have to either pay the original interest or even more than that thatll be devastating.
Negotiating
This is the part they said they are expert in, but actually they are misleading you so as not to involve you in this whole matter. The better option here will be to negotiate with the companies by you so that you wont have any doubts regarding the payments.