Jul
30
How to Secure an Emergency Cash Loan in 1 Hour with Bad Credit
Filed Under Finance | Leave a Comment
There is nothing worse than finding yourself in a situation, where you need cash but have no idea how to secure the funds discretely. Sure, you can borrow from family and friends but that requires disclosing matters that you may want to keep personal. Often times, you get hit with the dreaded questions “Why do you need the money?”, “Don’t you have any savings for a rainy day?”,
“How soon can you pay the money back”, etc. The list goes on. You walk away feeling diminished
and anxious. Worse of all - this exercise may be a waste of time because you may
still not get the money you need after suffering through the inquisition.
Imagine needing the emergency cash in 1 hour and having bad credit. Anyone struggling with bad credit can attest to the difficulties of securing any type of loan even for $100 with bad credit.
If you find yourself in this situation, a fast online no fax payday loan may be your only saving
grace. No fax payday loans are also referred to as faxless payday loans. Some payday loan lenders
can send you lend you up to $3,000 in as fast as 1 hour. Others can get you the cash in 24 hours.
The loan qualification criteria tends to be fairly simple. You must have held a job for the past 90 days, make at least $1000 cash per month and have a checking account. There are no credit checks so you can still get cash, even if you have bad credit. Your loan is processed online discreetly and you get your cash fast.
Victor
Jul
26
Why does the government not control the interest rates and charges the credit card companies charge?
Filed Under Credit | 2 Comments
Credit card companies are allowed to increase interest rates to over 30% if they want. They also determine that the consumer is a poor credit risk if they have high balances on loans without looking at the fact that payments have been made in excess of amount billed and on a timely basis. It also seems that when a person nears retirement age, most companies increase the interest rate to the extent that it cannot be paid by a person on a reduced budget. This forces the older person to either go to a debt consolidation company (which charges for their services also) or quit paying, with the risk of loosing any assets that they have accumulated. Either way, embarrassing, harrassing phone calls have to be dealt with. A younger person with no home can file bankruptcy and they have no permanent consequence to this action. I am 62, have paid my bills all my life and now all interest rates increased and I can’t make payments, even with debt consolidation. HELP-PUT LIMITS ON CREDIT CO.
Dawn
Jul
25
I’m 18, and going for a consumer loan. I cannot get my parents to co-sign (I can’t get it myself because I have absolutely no credit), I’m 99% sure they won’t co-sign because they are not willing to risk their credit. Is there any way to guarantee that they will not get screwed? The loan will be for a car. Is there a way to (if I failed to make payments, and they had to),legally have the car be property of theirs? If you have any suggestions on how to virtually guarantee my co-signers credit score will stay the same; PLEASE, tell me.
Oh, and the loan is for anywhere from $2,000 to $3,600. I, as already stated, have no credit history. I have a job (making plenty enough to make payments). I’m also going to college if it matters.
Bobby
Jul
24
on 11/4 I purchased a vehichle from a used car dealer. I used my prior vehichle as a trade in and was given enough trade allowance to provide a decent down payment. The sales person and I had to fed ex contracts back and forth for various reasons, and by the time we did the final contract(1/5/2007), I abruptly lost my job(1/9) .Now the company that had the the financing will not go through with the loan. Now the lady is telling me that I not only have to return the vehichle, but shes also telling me that I must pay the “negitive equity” from the trade that was supposed to be my down payment. If they gave me xx,xxx.xx$ for my truck, &x,xxx.xx went to pay off the existing loan for that truck, the $x,xxx.xx remaining should be returned to me if they cant put in me in a new vehicle, Correct? Im feeling a little pushed around and would like to get some idea of whats up before I head to the family law office.
I should add that although I was fired, I was blessed enough to turn around and join another company right away. The car dealers response to this: ” You havent been on the job long enough, and WE cant let this sit untill you get verifiable proof of income”…let it be known that i was on my prior job for 6 years, so it isn’t as though I have an unproven track record in my career that would cause them to balk at financing.
Sheila
Jul
24
Consolidate private student loans on lower interest credit card?
Filed Under Personal Finance | 3 Comments
Here’s the situation: I have about $30,000 (of $114,000 total) in 3 student loans at 7.5% (variable rate). These loans are private and that’s why I could not consolidate them. I have a balance transfer offer for 4.99% until paid off on one of my credit cards and am tempted to transfer as much of the 30,000 as i can to that card. I don’t use this particular credit card for anything else, so this would be the only balance on this card My concern is that this will show up as consumer debt on my credit report as opposed to education debt. Anyone know what kind of impact this will have on my credit score? Worth the saved money in interest and consolidated payment? Any other advice or commentary?
Jorge
Jul
21
All About Short Term Emergency Loans
Filed Under Finance | Leave a Comment
You have heard about them and have seen ads on the internet, perhaps even listened to radio ads or television spots about this financial product. What am I talking about? Payday loans, also known as cash advance loans or short term emergency loans. What exactly is this type of loan and should you ever take one out? Keep reading and we’ll explore the upsides and downsides of this type of personal loan.
Consumer loan choices are many as well as varied. Typical consumer loans include mortgages, car loans, even student loans. Today, short term emergency loans are popular and are the number one choice for some consumers who are in a bind.
The typical term for a emergency loan is seven to fourteen days with some lenders offering terms as long as thirty days. These lenders are splashed across the internet where they encourage people desiring a quick fix to apply for these loans online.
If you apply for a short term emergency loans you will:
–Be able to apply for your loan online and receive approval and the funds as soon as one hour.
–Have a checking account where the funds will be deposited. In most cases lenders want to know that you are employed and you will be asked to provide your social security number.
–Be charged a flat fee for every one hundred dollars borrowed. If you borrow $500 expect that you will owe between $50 to $150 in fees at the end of the term plus the funds you borrowed.
–In many cases you will be given the opportunity to extend your loan term 1 to 3 additional times for additional fees and charges.
Short term emergency loans can be used for:
–Payment of an outstanding utility bill.
–Groceries, drug store supplies, you name it.
Of course the interest rate you pay is very high translating into 300% or more over the term of the loan. Not many consumers realize it and fail to factor in the large amount of monies that must be turned back in to the lender at the end of the loan term.
Is a short term emergency loan right for you? As long as you understand what you are getting and what you must pay back at the end of the term, it could be an option for you especially if every other door has been shut on you.
Eileen
Jul
20
If you’re in the market to finance a new automobile, numerous lenders nationwide are currently competing for your business with a wealth of financing options at your disposal.
If you have excellent credit, the sky’s the limit in terms of how much financing you qualify for with interest rates that won’t cost you an arm and a leg. If your credit is good, you will likely qualify for most offers with competitive interest rates.
Before you choose an auto loan you should shop around for the best rates from direct lenders and then see if the auto dealership you plan to do business with has any comparable loans available.
Direct lenders are independent financial institutions that offer many different loan options. These include banks, credit unions and finance companies.
Many banks offer competitively priced consumer loans. Some banks also offer discounted loan rates to customers who have checking or savings accounts at these banks. If you’re eligible to join a local credit union you may qualify for even better deals on auto loans. Many credit unions are well known for offering low-priced loans for their members.
Finance companies are another excellent alternative. As many finance companies now finance exclusively online, their overhead costs are quite low. Low overhead costs for these companies can translate into lower interest rates for consumers.
If you’re approved for an auto loan make sure there is no obligation to take out the loan. Most lenders should be able to offer you a guaranteed loan rate that you can take or leave within a certain timeframe, such as a week.
You can save money at the dealership by having guaranteed financing before you even begin shopping for a new automobile. If the dealership knows you have guaranteed financing in hand, they’ll be more likely to negotiate with you in the hopes of making a quick sale.
Auto dealerships may also offer special financing for certain vehicles. Once you’ve successfully negotiated the price of the vehicle, ask if the dealership offers any special financing. The dealership may be able to offer you better financing terms than the guaranteed loan you walked in the door with.
You may also qualify for certain incentives including lower interest rate financing deals sponsored by the manufacturer.
Before you agree to receive any financing make sure you get a full disclosure in writing of all the fees, interest rate and any other terms and conditions that are associated with the loan. This way you can avoid any unpleasant financial surprises once you start paying off your loan.
Shopping around may take a little bit longer than simply going for the first auto loan you’re offered, but the savings will pay off and you’ll get a better deal in the long run. As an informed shopper, you’ll be a happier shopper.
Mike
Jul
13
C++-compilation problem?
Filed Under Programming & Design | 1 Comment
include
#include
using namespace std;
const int month = 12;
void getInput(double&, double&, double&);
double payLoan(double, double, double, double, double&);
int main()
{
double balance,
interestRate,
monthlyPayment,
monthlyInterest,
totalInterest;
cout << "** Welcome to the Consumer Loan Calculator **";
getInput(balance, interestRate, monthlyPayment);
payLoan(balance, interestRate, monthlyPayment, monthlyInterest, totalInterest);
cout << "** Don't get overwhelmed with debt! **";
return 0;
}
//****************************************************
// This function asks the user to input the *
// principal, interest, and payment amount. *
// It only accepts positive values. *
// All three parameters are reference variables *
// so that the function returns the overwritten *
// values of the arguments which are passed to it. *
//****************************************************
void getInput(double& balance, double& interestRate, double& monthlyPayment);
{
do
{
cout << "How much do you want to borrow?"
cin >> balance;
} while (balance <= 0)
cout << "You must enter a positive number!\n";
do
{
cout << "What is the annual interest rate expressed as a percent?"
cin >> interestRate;
} while (interestRate <= 0)
cout << "You must enter a positive number!\n";
do
{
cout << "What is the monthly payment amount?"
cin >> monthlyPayment;
} while (monthlyPayment <= 0)
cout << "You must enter a positive number!\n";
}
//************************************************
// This function uses a nested loop to calculate *
// the monthly interest and payments. *
// It also keep track and reminds the user *
// of the total months to clear the debt. *
//************************************************
double payLoan(double balance, double interestRate, double monthlyInterest, double monthlyPayment,
double& totalInterest);
{
double interest,
payment,
totalInterest,
finalPayment,
leastPayment;
// Set numeric output formatting.
cout << fixed << showpoint << setprecision(2);
monthlyInterest = interestRate / month;
int months=1;
while (months++)
{
while (balance > monthlyPayment)
{
interest = balance * monthlyInterest;
payment = monthlyPayment - interest
if (payment < 1)
{
leastPayment = interest + 1;
cout << "You must make payments of at least $" << leastPayment << endl;
cout << "Because your monthly interest is $" << interest << endl;
}
balance = balance - payment
totalInterest += interest
}
if (balance < monthlyPayment)
break;
}
finalPayment = balance + balance * interest;
cout << "Your debt will be paid off after " << months << "months, ";
cout << "with a final payment of just $" << finalPayment << endl;
cout << "The total amount of interest you will pay during that time is $" << totalInterest << endl;
}
==================4 errors detected:============
C:\Documents and Settings\Administrator\My Documents\HW\2008fall\11.cpp:51: error: expected unqualified-id before '{' token
C:\Documents and Settings\Administrator\My Documents\HW\2008fall\11.cpp:51: error: expected `,' or `;' before '{' token
C:\Documents and Settings\Administrator\My Documents\HW\2008fall\11.cpp:84: error: expected unqualified-id before '{' token
C:\Documents and Settings\Administrator\My Documents\HW\2008fall\11.cpp:84: error: expected `,' or `;' before '{' token
This is a new compiler I've just downloaded and it's totally different from the UNIX HILL from school computers. I had put semicolons but I don't know why the compiler says a ";" is expected. I won't be able to use the school computers until next monday and this assignment is due tomorrow. could someone please compile this source file for me and tell me if there's any errors?(and how to fix them...)
Cheryl
Jul
10
I missed two consecutive months on “one” of my consumer credit cards in 2004. I had total five credit accounts open at that time. I was out of country and this particular card’s website did not open for some reason and I could not make the payments. It can be noted that I made payments to all other cards in the same months. I had significant debt back then. So this negative entry along with the volume of other CC debt made my scroe sink very low. Now, I have a good job and have paid off every single penny of my debt. But this one bad remark in my credit file wont allow me good rates anywhere I apply. Insurance, car loan, new credit card to start afresh… everybody seems to just hang on to that one bad remark. I want to buy a house but am afraid of even going to the bank for a mortgage. Do 5 years worth of timely payments and all paid-off debts mean nothing against one missed payment?
Could someone please help me find an answer? Thanks.
Don
Jul
5
No Credit Check Car Loans
Filed Under Finance | Leave a Comment
Credit problems can arise at any time, often without warning. If a person with bad credit is looking for a good car loan, the process might be a little difficult. Getting through the car loans process easily with bad credit can sometime be overwhelming for some people. It is for such people that no credit check car loans are offered.
No credit check car loan is one way of overcoming bad credit problems. Finding car loans with no credit checks can be slightly hard. The no credit check method allows a person to get a loan even if he has bad credit. The application will not be rejected due to bad credit scores.
There are plenty of such loans to choose from. A little bit of research will provide you with a variety of options. The important thing is not to be in a hurry to sign up a no credit check car loan.
It is vital to take some time and look around carefully. Ask for free quotes from various sources, and then compare these quotes to see which car loan offers you the maximum benefit without credit checks. The policies and repayment terms should also be looked into carefully before making a decision.
No credit check car loans usually have higher interest rates. This is because the loan is not dependent on the credit scores, which also means that usually no collateral is required. When researching no credit check car loans, be sure to also take a good look at the annual percentage rate (APR). No credit check car loans with lower APRs will obviously cost less.
No credit check car loans normally have a repayment period that lasts from 3 ? 5 years. For larger loans, some of which require collaterals, the loan term can extend for up to 10 years. As far as possible, it is advisable to go in for loans that run for shorter terms, since paying long term loans can cost a lot more in the long run.
Annette









