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Economic Payday Loans (Page 1 of 2)
We`ve all found ourselves low on funds at the end of any given month. The money we earn sometimes doesn`t cover all the bills that might come in, especially if there was an unexpected expense such as a car repair or an illness. Even with working hard and being thrifty, sometimes the money just can`t be stretched out any further. A payday loan can be somewhat of a safety valve and an alternative to borrowing money from family and friends.
A payday loan is a short term unsecured consumer loan. You do need to be working full time and have a bank account to apply for one. Usually the amount borrowed is a relatively small amount – between $100 to $500. It`s up to the consumer to shop around and get as much information as they possibly can before applying for this type of loan. There are definitely some pros and cons here, but the more informed your choice is, the better the end result will be.
First it`s absolutely necessary to find out about the lending institution and how long they`ve been in business. It`s wise to begin with the better known lenders. You will need to consider the fees and terms of this loan and just compare the rates among several lenders. The fees charged for these loans is usually a percentage of the amount you borrow, which is why you need to get the best one you can find. This fee has to by law be disclosed to you ahead of time. If a lender isn`t up front about either the fees or the terms, rule them out right away. This applies to whether you are looking online or in person. Before you sign or agree to anything, find out if the interest rate would change should you want to or be able to pay the loan back early. Some firms offer rebates for paying the loan back before the due date.
Another important fact to find out about are any additional fees should you require an extension for the loan. The typical term for payday loans ranges from 5 to 30 days and usually coincides with your next payday. It`s best to borrow the least amount you possibly can to save on fees and to make repayment easier. Shopping and applying for these loans online makes the whole process a bit faster.
As a smart shopper, you should also know that payday loans aren`t the only way to get quick needed cash advances. There are salary advances, credit card advances (though theses tend to have very high fees), and working out some kind of repayment plan for the bills you owe on is also an option. Secured credit cards can be a good way to go. They are tied to your savings account and so they usually have a much lower interest rate than regular credit card cash advances. You might also consider religious institutions or social service agencies. They are there to help and might be a good resource to tap into. It will just take a little research on your part.
Also, most creditors will negotiate partial payments once you establish a repayment plan with them.This will allow you some extra time to pay off your bills without the stress of having to come up with a lump sum. There are also emergency assistance programs and community organizations which are sometimes partnered with social service or state agencies. They have programs set up to help with home heating and cooling costs for households that qualify. Life is expensive and no family should have to be cold in their own home, nor should they suffer during the hottest summer months without any relief.
Shop Fittings Leasing Solutions and Benefits
It is no news that the credit crunch affected us all and everybody is facing new challenges to recover from one of the worst economic downturns in history, especially for those trying to start a new business.
Lets take the example of someone trying to open a new shop, no matter what type of shop it is, this will need shelves, counters, slatwalls and other types of shop fittings depending on the business.
Shop fittings are probably one of the most costly things when setting up a new shop, especially on a tight budget. Remember that the first impression is the one that counts, so the design and quality of the shop fittings will be extremely important.
Buying all the shelves, displays, counters, etc, could drain a good part your budget. So why not lease your shop fittings?
For years there have been companies offering leasing solutions for shopfittings and shop refits for opticians, chemists, mini markets, supermarkets and even department stores. In fact almost every type of retail outlet has benefited from this type of leasing.
How to Lease Shopfittings?
As mentioned above these companies specialised in it. What these companies do is use comparison websites to find the best quotes for what you need. In some cases you provide them with a quote for your shopfitting needs and they will try to obtain a lower quote, saving you precious time to focus on other areas of your new shop.
Often costs of shop fits tend to balloon when unforeseen problems or snags occur, and the original budget is suddenly out of the window. That is where the expertise and experience of a leasing company can help. The company should assist you not to overspend and tailor a budget to meet your necessities and keep your shop fit on track.
Leasing shopliftings conserves valuable working capital by not having to pay cash up front; the cost is spread to cover the working life of the equipment so you get the benefit of immediate usage of the equipment without the capital outlay.
The total cost of the leasing rentals is fully tax allowable. Furthermore, rentals do not rise with inflation or interest rates. It also keeps your valuable banking credit lines free for more profitable use elsewhere in your business.