Payday loans

Mortgage Loans and Payday Loans…A Good Mix?

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In recent years getting a mortgage loan has become much more difficult. It was only a few years ago that lenders were approving mortgages even to customers who had a less than perfect credit history, but it now seems that those days are well and truly over.

Are you looking to get a loan to buy your dream home, but are unsure if a history of taking out easy short term loans will hurt your chances?

If so, then you need to relax and look at the situation objectively. As long as you always paid the loans back on time and were an ideal customer, then the fact that you took out payday loans should have no bearing on a mortgage lenders decision to give you a home loan.

Obviously, if you took out multiple payday loans and then had trouble paying them back, missing payment deadlines and being charged late payment penalties, then you may find that this will come to the attention of a mortgage lender, and they will take it into consideration when reviewing your application.

At the end of the day, there are so many different factors that come into play when applying for a mortgage, that even if you do have some blemishes on your financial record, there may be more positive things on your record that will save the day.

Payday loans

More about payday loans

The vast majority of payday loan companies are now completely legitimate, which is the main reason why they have become so popular.

By visiting a pay day loan provider you can apply for a loan in minutes, and see cash in your bank within the hour.

Just be aware that you should only take out a payday loan when you desperately need short-term cash and there are no other options available. Also, be confident that the money can be repaid on time, because failure to do so will result in extra fees and a note on your credit file.

As you can see, payday loans should not be taken lightly and should not be messed around with. The majority of people who get these loans have no trouble paying them back, but a small minority find themselves getting deep into debt, taking out multiple payday loans and never ending the cycle.


If you want to secure a mortgage loan to buy a new house, then it will work in your favor to get your credit score in good standing. You may want to consider seeking advice from a credit repair specialist, so they can look over your case and advise you on the best way forward.

Secured Debt Relief

Get Help Through Secured Debt Relief

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There are many people in today’s world that are deep into debt. Often times people in debt are in way over their heads before they realize that there is a problem. This is when people will start looking for debt relief. When this happens most individuals will start to look at some sort of debt settlement program. Many times it is not completely the fault of the individual for losing control of his or her finances. The global economy is facing a difficult time and is also the reason behind many losing their financial freedom. This is when a secured debt relief program may come into play and be the answer to the debt problems you are having.

The Reason Why People Are So Far In Debt

There are many reasons why people are so far in debt they cannot find their own way out and are requiring help. However the most obvious reason is that it is very easy these days to get a personal loan as well as credit cards. There are even lending firms that have encouraged individuals to take out credit frequently even though they already have a credit balance with them. The sad thing is that these lending firms trap borrowers into getting debt through them by providing offers with low interest rates to begin with but them raising the interest rate further on into the loan or credit card. Many of these lending companies will offer the same borrower several different loans or credit cards at the same time. This causes financial problems in the future when the borrower is so far into debt they have a hard time getting out of it.

Secured Debt Relief

Secured Debt Relief

If you are so far into debt that you are having a hard time trying to make ends meet and get your debt paid off you might be interested in learning more about secured debt relief. There are many companies who are actually trying to help customers like you and not try and get your further into debt. These are debt settlement companies. These companies can help you in a couple of different ways. The first way is that they can work directly with your creditors. In doing this the debt settlement company can negotiate the interest rate you currently have on your debt as well as the full balance. This will help you to have a smaller balance to pay off on each loan and credit card.

The second way a debt settlement company can help is by working with you to get your debt all under one loan. This will probably be through a secured debt consolidation loan. You will need to pledge collateral to secure the loan but once this loan is complete you will find that you have one monthly payment as well as only one interest rate to pay to one company instead of several different companies.


When you are deep in debt it can be a scary time. However if you consider a secured debt relief program you can find that your debt can be paid off quicker and easier. This could be the answer to your prayers.

Financial gurus

Gurus or Gods: Are you taking your PF idol too seriously?

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While is no doubt the only personal finance source in the world you care about these days, you probably came over to the dark side after reading the book of, listening to the show of, or being told by a friend about a finance guru. These gurus are people that eat, sleep, and breathe finance on the daily. They love it or fame so much that they do it for a living! But are they infallible?

No. The answer is “obviously not”. These people are flawed individuals, not unlike you and me. Many of them built their careers after sucking so badly at personal finance that they hit rock bottom. Which is cool, I’d rather learn from someone who has experience turning financial turmoil into wealth. But I think some people are taking these gurus a little too seriously. Like if you start every sentence with “Dave Ramsey says…”, you may have moved him from guru to god status without realizing it.

Financial gurusI use the cafeteria method for basically all of my belief systems. Spiritual, political, and financial beliefs are not take or leave it in my most humble opinion. I pick out my beliefs from often conflicting sides and I have no problem with that. After all, I don’t think that two people can truly have the same belief system to a T. Once again, this is IMHO, not meant to offend those who have a more controlled belief structure. I think many people would do well to approach financial beliefs in this way.

Let’s take Dave Ramsey for example. He was my bridge to the dark side. As the lovably impulsive person I am, I ate up every word my boy D.R. said. I started every financial sentence with “But Dave Ramsey says…” until I began to read differing opinions and eventually came up with my own set of financial beliefs based on research, preference, and my own moral code.

Ramsey is very sure that his rules for getting out of debt and building wealth are the only right way to do things. This is clear in his radio station (of which I am an avid, yet skeptical, listener) and in his books. There is not much gray area for Ramsey-ites. Is this motivating? Yes. Is he necessarily correct that his way is the right way? No.

As many critics will tell you, Ramsey has not changed his advice over the years. Despite the economic recession, he has not advocated a larger emergency fund. Even though the 80s and 90s are behind us, Ramsey continues to dole out investment advice based on the bull market of the past. Many question how he is getting these 12% returns he talks about so much on such conservative investments. Others feel ostracized by the overtly religious tones of his teachings. Ramsey is not perfect and his financial advice may or may not be perfect for you. (more…)

hidden power of money

Claiming The Hidden Power of Money For Yourself

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What does the hidden power of money really mean? Well, it means quite a few different things to quite a few different people. You will have plenty of people that talk endlessly about the power of hidden money without really telling you what it is. Does it really mean “hidden”, like it’s hiding in your shoe or in a strange drawer that you’ve never seen before? Not at all. It refers to the idea that money has a lot more power than we think it does.

Take for example the time value of money — if you save money over time with compounding, you’re going to have a lot more money than what you started with. Investing in yourself is the name of the game here. So why do so few young people honestly do it? There’s a lot of different reasons for that. The top reason is that it’s more or less “out of sight, out of mind”. We are usually so busy having a good time with friends and family that we don’t think about the future. We feel that there’s going to be a time and place to think about personal finance, and when you’re 21, you’re just not thinking about things like that. There’s something important about getting everything wrapped up pretty neatly, so you don’t want to skip over that either.

hidden power of moneyYou just need to realize that going with the crowd on this isn’t going to give you the future that you ultimately want. Sure, it’s nice to go out once in a while, but the youth of today need to be doing better than their parents did. The time to party at all costs is long over. The recession is going to be around for a while, and that means that money is going to become incredibly tight for a lot of people. If you find yourself getting affected by not having enough money now, why would you ever want to put yourself in a position where you’re not going to have money later? That’s just absurd. What you have to do from here is make sure that you’re thinking about all of your options. It might sound hard at first, but it’s always worth thinking about. It’s always worth doing. It’s always worth working on. It’s going to be completely up to you to figure things out and try to get your head in the game. If you don’t do that, then you’re going to get left behind as other people move ahead of you. (more…)

Debt Relief Order

How a Debt Relief Order works

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Writes off the debt you can’t afford

A Debt Relief Order works by suspending your unmanageable unsecured debts – ensuring you can afford your other living costs – and then writes them off after a year if your circumstances haven’t improved enough.

Costs less than bankruptcy

Have you considered bankruptcy, but can’t afford the fees (up to £700)? If so, a DRO could help. All it costs is a one-off application fee of £90, which can be paid in instalments if necessary.

No need to attend court

Most debt companies can help you apply for a Debt Relief Order – there’s no need to go to court. Simply call them today or fill in the call-back form on their homepage and they will get in touch to let you know whether a DRO is right for you. If it isn’t, they’ll help you find another way to tackle your debts that better suits your circumstances.

Debt Relief Order

Who qualifies for a DRO?

A Debt Relief Order is only available to people who need it. There are several criteria you must meet to qualify, including:

  • You must have unaffordable unsecured debts of no more than £15,000
  • Your available income (after essential living costs) must not exceed £50 a month
  • The total value of your assets must not exceed £300 (with the exception of a car, which can be worth up to £1,000)
  • You must have lived or conducted business in England, Wales or Northern Ireland in the last three years
  • You must not have been subject to a Debt Relief Order in the last six years
  • You must not be involved in any other insolvency proceedings (such as an IVA).

You will have to meet all the above criteria to qualify. If you don’t, there is still help available – just call them and talk to their partners. They could help you find the right solution for you.

Things to remember

Although a Debt Relief Order could make a big difference to your finances, it has its disadvantages like any other debt solution.

In particular, there will be a big impact on your credit rating. Records remain on your credit history for six years, and you’ll probably find it very difficult to borrow any more money during this time and possibly beyond.

But if you’ve really been struggling and there really is no other way for you to clear your debts, the benefits should outweigh the drawbacks.

Consumer Finance

Consumer Finance

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Consumer finance, consumer financing and consumer loans refer to loans in general but they also have a different meaning that has emerged over time.

In US the word consumer finance refers to sub prime loans that are different from prime loans or the normal loans. Sub prime loans are those loans that are given to people with bad credit. The interest rate for such loans is very high in extreme cases and finding a loan for people with bad credit is comparatively hard and was even impossible some five to ten years back.

The companies who keep track of credit ratings record every default on loans and payments that the person makes and hence your credit rating ill be a reflection of the risk associated with lending money to you. A bad credit rating can be repaired if you take expert tips and guidance from professionals who know which factor help with speedy recovery of a bad credit rating.

In many instances people with bad credit rating end up getting exploited as they have a bad financial condition and not everyone is willing to lend money to them. Especially the big banks very straightly refuse loans to people with bad credit and are not ready to take up the risk that comes with these people. When these people get refused for credit they turn to consumer credit services that are ready with their high interest rate sub prime loans that are in fact designed to take advantage of the situation these people are in. (more…)

identity theft

Dealing with identity theft

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One of the biggest challenges we face in this new age if technology and instant communication is identity theft. Unscrupulous people are always trying to get your name, your social security number and your birthday. Once they have that information they can apply for credit under your name. Other identity thefts will even try to get your bank account information and PIN number or your credit card information and use that also. If this situation happens to you there are a number of things you should do to protect yourself immediately.

1. Call your bank and credit card company – As soon as you know or even suspect that you are a victim of identity theft call your bank and credit card companies. Let them know what has happened. In many cases they will cancel your cards and issue you new ones. Otherwise, they may just keep an eye on the activity in your accounts to make sure that nothing suspicious happens.

2. Look at your bank and credit card statements – Even if you don’t know that you have been a victim, you can easily spot it by looking at your statements as soon as they arrive in your mail. If there are any charges which you did not spend yourself or which look suspicious, then contact your bank or credit card company right away so that they can investigate them. If you contact the companies as soon as there is a problem they are very happy to deal with you and solve the problems without adversely affecting you.

3. Contact the credit bureaus – Once you know you have been a victim you should contact the credit bureaus immediately. For a small fee you can put a credit freeze on your file in most states. This means that no one will be able to apply for a loan or credit card even of they have all of the correct information because companies will not be able to access your file. You can have the freeze in place for as long as you feel you need it. Just because you have a freeze on your account, though, doesn’t mean you can’t access your file if you want to apply for credit yourself. You will be given a PIN number and you can use that number to bypass the freeze and access your file as you need to while still barring access to people who aren’t you.

credit problems

Could Giving Up Your Vote Mess with Your Credit

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Today’s political climate isn’t like any other. After all, most people would have never realized what impact the Internet would truly have on our day to day lives. But since we’re talking about credit, we have to think about everything that can affect it. What you say online doesn’t affect your credit, thankfully. However, not registering to vote can really affect you. Here’s what you need to know.

As you already know, your lender will check your credit report before they make the decision on whether or not to give you credit. Your report is going to include information about where you’re registered to vote, as a way to fight fraud and really confirm that you are who you say you are, and you live where you say you live.

credit problemsRegistering to vote is still an optional thing, but not registering has major consequences that you might not know about. It can mean that you’re refused credit because you’re not on the Electoral Register. In addition, you could even be refused insurance. If you’re trying to get a lawyer or an accountant, you could be refused. Trying to save for the future? Not so fast — your credit report is checked to see if you’ve registered to vote. If you’re trying to get a passport, you will not be able to do so. Some jobs may even be placed out of your reach, because your credit is checked as a condition of employment.

Registering to vote gives you a voice in elections, so we’re really not sure why you would want to avoid voting in the first place. But some people are convinced that avoiding the vote is exactly what they need to do. It can cost you a lot of money to hold this position, as many Britons do consider the vote to be quite important. You will most likely be asked why you hold this position when others are so ready to vote. You may have also registered but the information just isn’t correct. Since incorrect information can affect your credit just as much, you might want to make sure that you have things updated as soon as possible.

If you cannot vote for a specific legal reason, then you need to indicate this as well. There are channels to handle this.

We’re not here to make assumptions about anyone, so please don’t get the wrong idea. We’re just here to give you general personal finance UK advice that you can stick with for the long run.

Why not update your information to be absolutely sure that everything is up to date? Good credit is worth protecting, so make sure that your Electoral Register data is what it needs to be!

PPI claims

Don’t waste any time by holding off on PPI claims

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A lot of people are being discouraged lately by bad feedback about making PPI claims. They chose to just charge everything to experience and not do anything without realising they could be owed thousands of pounds in reimbursement and compensation. It is not encouraged to do that especially during financial crisis times. The amount of money that could be returned to you by the bank who sold you PPI can save you from being broke.

If you happen to have been wrongly signed up to PPI when you took out a loan or a credit card, don’t let this chance to reclaim pass. Banks and other financial institutions are now working on making an appeal to set a deadline for making PPI claims and don’t let your money be put to waste because time has lapsed on your legal right.

Here’s a simple process that you can follow if you want to make a PPI claim now:

Find out if you have PPI on any of your credit agreements. The policy’s costs are usually labelled as a separate item on your credit card statements. If taken out alongside a loan, your loan agreement form would indicate it. Take note of the date and its cost for your reference. Check your documents, too for a policy certificate that should have been sent out after the sale. Get them all together as they will serve as your evidence.

PPI claims

Write to your bank and tell them that you wish to claim your PPI payments back. Clearly state that the product was wrongly sold to you together with the reasons you believe that it was. There are some ways through which you can figure out whether you have been mis sold PPI:

Were you informed about exclusions like pre-existing conditions?
Did they inform you that most of the PPI from the one time premium payment is for 5 years?
Have you been informed that even after 5 years you will still have to pay interest on the initial premium since the premium is directly added to the loan?
Did they inform that the premium will be added to the loans and subject to the interest?
Did they ask you whether you are self-employed or unemployed?

For any of the question mentioned above if the reply is no, it is a clear indication that you have been mis sold PPI and you must take proper action. You must investigate all the possibilities of Payment Protection Insurance mis selling because you might at least get back your premium payments.

Once you have established these points in your letter, send them over for a review together with the documents you collected. Attach everything you believe is relevant to the PPI claim and let your bank weigh things around. They’ll refer to the evidence you presented and whatever information they have in their database.

In a matter of 6 or 8 weeks your bank should have made a decision regarding your claim. They should notify you about it and make an arrangement for the refund, if successful. In cases where banks dismiss the case or unsatisfactory decisions, you can lodge a complaint to the Financial Ombudsman Service for a thorough review.

When the FOS takes over, the bank will be subjected for questioning. The Ombudsman will have to find out how they came up with such decision or why they failed to contact you.

When your Ombudsman complaint is favoured on, the bank will then be required to return the amount you paid to PPI, including the interest it gathered from when it started.

Again, do not let this opportunity pass as it could bring you a mile away from being broke. The amount that you could be compensated is not something to let go.


Credit Counseling Answers: What Is It About?

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Credit counseling is a solution for many people. The goal of a credit counselor is to provide information and education to a person about credit, repayment and how to avoid costly debt situations. Today, credit counseling offers many other benefits to the consumer as well. But, not all of these agencies are the best companies to work with. It is essential to learn which are available to you and then select based on research about the individual company.

The Benefits Of Credit Counseling

There are many benefits to these organizations. There are also many various types of services provided by agencies. Determining which offer is the best solution for you is the most important element here.

The first benefit of credit counseling is education. They will help a person or a family to develop a budget and to learn how to stick with it. They will help them to get their finances in order so that they can begin to make the right decisions about how to use credit. These organizations will also help to provide solutions to credit problems and will work with the consumer to develop a plan to get out of debt permanently.

• Second, many credit counseling agencies have plans in place with various lenders. If they work with the company that you have, the may be able to help get fees lowered on the debts that you have. If they do this, you can benefit by having to pay less in interest payments and more towards the amount that you owe. These lower interest rates only stay in place while you are working with the credit counseling agency. (more…)

Debt Consolidation Loans

Debt Consolidation Loans

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Does this sound familiar to you: you end up spending more than you earn each month and don’t know how to figure out where all the money is going. You avoid looking at your bills because you know you can’t pay them. All your debts carry exorbitantly high interest rates. You’re so stressed out you don’t want to go to the bank, answer the phone, open the post and are losing sleep because of your finances.

If you have credit or store cards with outstanding balances, a car finance agreement, or an unsecured personal loan that you are still paying off, that’s a lot of monthly repayments you are making, with interest rates that are definitely higher than the loan rate some of the well known companies can offer you. (more…)


Getting Into Small Caps Can Lead to Big Profits!

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Continuing with our investing series, we felt it a good idea to look into small cap shares. The small cap market isn’t something that gets talked about as much as the big companies, but they can still offer traders an amazing amount of value.

If you’re out of the loop, “small cap” refers generally to companies that have less than about 2 billion pounds in terms of market capitalization. This is where a company’s shares are multiplied by their value. So a company trading at 100 pounds with 15 million shares outstanding would have a market capitalization of 1.5 billion pounds. This is definitely where we want to focus our attention.

Company size is important because it allows us to look at diversification in a completely different light. You might want to mix things up and have different company sizes so that you’re not completely stuck with a lot of big businesses that you can’t really move around as you would like.


So, where should you look within small caps? Definitely at the oil and gas sector. According to the popular trends of investing in the greater financial media world, oil and gas is definitely on the way up. The FTSE AIM 100 is rising, taking only minor downswings before shooting back up again.

Of course, you want to make sure that you’re still doing all of the normal research. The last thing that you really want to do is get sidetracked, or lulled into just going along with the crowd. While trends can be profitable, they can also be a disaster if you haven’t done much research at all.

What’s gotten the oil and gas sector excited, from a UK perspective? More oil being found. This time it’s being discovered deep within the Barryroe oil field. This is in the Celtic Sea, right off the Cork coast. Ireland’s offshore oil potential isn’t exactly shattering news, but the prospect of more production is definitely getting people talking.

The firm to follow most would be Providence Resources, as they are leading the way in discovering this expanded production potential. However, they aren’t the only company to look at — Fastnet is definitely on the way up.

Looking for oil and gas is a field that’s fraught with its own perils and risks. You’re going to need to make sure that you focus on getting in with companies that really are on the move. Following oil and gas news as time passes wouldn’t be a bad idea either. If you’re really going to get involved in a specific sector, it’s up to you to do as much research as you possibly can. So far though? We’re kind of excited. Check it out for yourself today.

Logbook Loans

Can You Leverage Logbook Loans – Absolutely!

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What is a logbook loan? Logbook loans are a great resource for anyone looking to borrow a little or a lot of money. Unlike payday loans, logbook loans let you pay over a much larger body of time, spreading out the payments and making them a lot more manageable. Maybe you have other things that you need to take care of, and you could just use a little more money. Really, when you think about it, who can’t use more money these days? A bad economy means that we all have to stick together, and logbook loans let you do just that.

What makes logbook loans so interesting is that they cover a wide variety of people. You don’t have to necessarily even have a traditional job. What if you’re self employed? Most banks expect you to be in business for an enormous amount of time before they’ll even think about giving you the loan that you deserve. On the other hand, logbook loans are available almost immediately.

Once you make the application, you can get your money as soon as within 24 hours. That’s a pretty great speed, if we say so ourselves. (more…)

Secured Loans UK

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The pace with which secured loans UK are approved are a contribution of the information technology. Earlier it used to take months before the person was able to get the secured loans UK. In addition, the borrower had to personally meet all the lenders to check and compare the rates on secured loans UK.

This made the search process very complicated. People lost patience and as they couldn’t bear with the delay in the loan approval process, they took up secured loans UK through the local lenders. The local lenders often charged very high rates of interest.

Borrowers who are not prepared to bear with the delay nor pay high rates of interest look for other alternatives. Get Secured Loans aims to cater to this group of borrowers through its secured loans UK.

Search for the best secured loan deals:

The scenario in the loan market has changed drastically. The borrower no longer has to search for secured loans UK by personally visiting the lenders. Almost all lenders offering secured loans UK advertise their products through their websites. Customers desirous of taking secured loans UK can visit the website for a general view of the secured loans UK.

Get the best secured loans from the best lenders in the UK:

You can sort out the lenders by asking for a secured loan UK quote through the internet. This is a no-obligation quote. This means that you are not obligated to take the secured loan offered to you. You can refuse the offer if the terms of the secured loans UK are not according to your requirements.

Get a fast track secured loan:

This saves your precious time and increases the speed with which your secured loan UK is approved. The secured loan quotes are available within a very short time of applying. This saves the duplication of documentation.

Handling money woes

Handling Money Woes Before Getting Married

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We wrote a little bit about getting married and handling money, but we figured that we probably should clarify things a little bit. First and foremost, we’re not telling anyone not to get married. If you honestly feel in your heart that you’re ready to get married, then there’s no reason that you shouldn’t do that. It’s a matter of making sure that you’re going to be able to take care of yourself no matter what happens in life. It’s a matter of ensuring that you really do have what it takes to be there for the other person in the marriage. Isn’t that what it’s all about? We wanted to make sure that we are being as open and honest as possible.

The truth is that marriage has a lot of great benefits. First and foremost, you get to walk through life with someone that you deeply care about. You get to enjoy a certain pleasure and joy that a lot of people don’t experience. You get to have a good time with someone that loves and treasures you — what could be better than that?

Handling money woes

But marriage is a lot of work in terms of communication, because it’s not just about you anymore. Even before you decide to have children, you have to think about the life that you’ve built with your partner. What goals do both of you have?

Handling money woes before getting married lays the foundation for a better life than if you could think of nothing else other than paying the bills. This can really stress you out and make you tired, which is why it’s better to step back and really ensure that you have everything tended to in a certain fashion. It’s one thing to just assume that you’re not going to have to worry about much of anything, but is that really the case?

Map out where you’re going with your partner, and you’ll cut down on one of the biggest stressors to hit married couples: finances. It’s no joke either — many divorcees cite financial concerns as the top reason why they broke away from their spouse.

You deserve every chance at a happy life. A young marriage doesn’t mean that everything will go up in flames. If you got that message from our last article on marriage, we apologize. We only mean to warn you away from thinking that you have to fight about finances. If you can get your finances smoothed out before getting married, then you’re going to be setting yourself up for a great time.

We wish you all the best in your new married life — or your engaged one, if you haven’t popped the question yet!

Bad credit loans

Fast Loans are Available Quickly Online

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People in need of money for emergency situations can find several lending agencies available on the Internet. These companies make obtaining the cash needed to pay bills easy to acquire. The entire process can be completed using a computer with Internet service. The agency provides the information and forms needed to apply for the loan. Filling out the form on the text loan site allows people to bypass the traditional interview process conducted by most banking institutions. The form can be completed in a matter of minutes and submitted to the company by clicking the submit button.

Not only is applying for a loan much easier using the Internet services, it is also faster. The reason why these companies can offer money in a fast manner is because they do use the same process for determining eligibility as traditional banks. The fast cash lenders online do not perform background checks on the applicant’s credit. This is a process which can take several days when run by traditional lending agencies. Because these lenders do not perform credit checks, there is no need for them to determine someone’s eligibility based on their credit score or history.

Another feature that speeds up the loan process is the ability to have the funds deposited by electronic means. Depending on the particular agency, the approved money loan can be direct deposited in the applicant’s account or it can be made available at one of their physical business locations. The approved loan is made available within a few minutes after the approval is made, which significantly reduces the amount of time people have to wait to receive their funds. This makes the fast lending process more desirable for times when money is needed for emergency situations. (more…)

Tax Refund Anticipation Loan

What Is A Tax Refund Anticipation Loan

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Many people will use a tax refund anticipation loan without even knowing what these types of online payday loans are and how these loans work.

This is a loan that occurs when a person goes to have their income taxes prepared and have their completed tax return submitted.  Once it is submitted there is a lender that will issue a loan in the amount of the refund that the person is getting back from the government.  Once the person receives the tax refund it is used to repay the loan that was borrowed.


There are many risks that are associated with a tax refund anticipation loan but the biggest risk is that people will still be required to be paid back even if the Internal Revenue Service rejects the tax return form that was prepared.  Even if the tax payer is not receiving any money back from their taxes they will still be required to pay the money back along with any interest for the loan.

Until the Internal Revenue Service accepts the tax return that is prepared it is not official.  Even if it is done by a tax preparation place such as HR Block it is not official.  But all that has been done is the forms are filled out.  It will be official once the Internal Revenue Service signs it.  It will usually take a few days to be approved.  It will even take this long even if it was filed electronically. (more…)

financial life

Smart Money tips to Improvement For a Slow Bank Holiday

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Bank Holidays are very common in the UK, but they don’t have to be wasted! When you are convinced that it’s time to change your financial life, you are definitely going to need to make sure that you are using all of the available time that you have. It’s tempting to just relax and not think about it, but when are you honestly going to find the time to make things get better if you don’t start on your holiday time? That’s just the way it is — if you wait till you’re away from the holiday time, then you’re going to struggle to actually find time. Work, family, and social activities will probably take up a lot of your time. If you have young children, then it’s even more important to make sure that you’re reviewing all of your options when it comes to building your future. Your children can’t wait around for the good stuff to happen — you have to make it happen.

So, what would be the most important tip to share here? Well, you will want to make sure that you write out exactly what you want to happen in your life. Don’t skip things because you feel that someone will criticize you. You don’t have to tell anyone what you want to happen in your life, but you do need to write down all of your goals. You might want to buy a house, and who cares what anyone thinks about that goal? You will know when you are financially ready to handle a house. In addition, writing down the goals helps you keep them at the top of your to do list. Even if you can’t act on your goals today, there’s always tomorrow, and the day after that. You just never know when everything is going to start clicking for you. (more…)