|
|
| www.1001TopWords.com |
|
|
Payday Loans And Pawnshops: Comparing Two Popular Ways Of Getting Cash Quickly
I remember years ago growing up when you needed some money fast and didn't have any other alternatives such as credit cards, friends or a friendly bank you pawned something you had that was valuable. This was an easy way to get some money and technically you didn't give away what you owned but you did have to pay a fee to get it back. Every day I read headlines concerning payday loans that read- I though I would compare pawnshops to payday loans and see if it is really any different than the age old practice we all grew up with. Pawnshops and pawn broking have been around for thousands of years the idea of bartering for goods and cash is nothing new. Basically when you pawn something you bring in something you own and give it to the pawnbroker as collateral for a loan. The pawnbroker then loans you the money against that collateral. This is really a subjective part but it's usually pennies on the dollar. If you want your item back you repay the loan plus the interest and then get your item back. If you don't repay the loan the pawnbroker keeps your item and sells it in their store usually for more of a profit. So let's take an example of this process and see how much we could expect to pay.Let's take a common item like a piece of jewelry. We spent $200 for the piece of jewelry new a few years ago and want to pawn it to get some fast cash. The pawn shop is willing to give me $20 dollars for the item. In return for my item I get $20 and a ticket for the item indicating: My ticket would tell me that for my piece of jewelry I received $20 and I need to pay $24.40 (that's 2 percent interest plus 20 percent in fees). Within 30 days I can do one of the following: $4.40 fees due in 30 days for a $20 dollar loan works out to about 264 percent per year. I won't even go into the amount of info you have to give a pawnshop to protect the merchant from handling possible stolen goods. Let's just say it's not anonymous and leave it at that Is any of this sounding familiar? Payday loans work in the same manner. If you need fast cash and have a job and are over 18 years old you basically can get a payday loan. There are scores of payday loan stores in most major metropolitan cities and you can also get a loan over the internet without ever leaving your home Most services are all automated and give you an answer within 2 minutes. Typically payday loans firms offer the following ? Up to $1500 deposited into your account within 24 hours? Flexible payment options While typically these loans are high interest think about the alternative, it is a set rate with no haggling over the value of merchandise you may or may not what to give up. By examining the facts and reading comparisons of the different loan types available you can quickly and easy qualify for a quick and easy loan. Both payday loans and pawnshops have there place within society and serve a need with a few facts and help both can be utilized at different times to help during a time of need To view a list of recommended payday loan companies, visit the page http://www.officialpaydayloan.com. Officialpaydayloan.com is an informational payday loan website with informative articles, loan comparisons and all the latest information on payday loans http://www.Officialpaydayloan.com is the best resource for finding information and comparisons of the latest payday loan programs and offerings. Visit our site often for the latest information and reviews of payday loan offeringsVisit http://www.officialpayloan.com today!
|
|
|
|
RELATED ARTICLES
The Wonders of Compound Interest Albert Einstein called compound interest "the greatest invention of all time." It has even been referred to as the "Eighth Wonder of the World." The trick is to get this tremendous force working for you rather than against you. Secured Car Loan - if Car Signifies a Second Home to You Cars ? they are your passion, necessity, luxury, earning member. They have speed, they have music, they have curves, they have comfort, they have security, they have safety - they have something for everyone. Secured car loans can realize your car plans especially if your budget is stringent. Secured car loans options are stretched far and wide along the loan market. Buying a used car or a new car can be a pleasant ride with secured car loans. Should I Get a Consolidation Loan? If you've got a really unmanageable amount of credit card debt, you might be considering a consolidation loan. A consolidation loan is a loan that you can use to pay off all your debts, meaning that you can pay them off for less money without having to worry about lots of different bills. Like anything, though, consolidation loans have their advantages and their disadvantages, and it pays to take a careful look at what they offer before you commit yourself. Useful Tips On Buying A New Or Used Car Buying A New Car: A new car is second only to a home as the most expensive purchase many consumers make. That's why it's important to know how to make a smart deal. Think about what car model and options you want and how much you're willing to spend. Do some research. You'll be less likely to feel pressured into making a hasty or expensive decision at the showroom and more likely to get a better deal. How to Get a Secured Loan UK Living in the United Kingdom, you might find yourself in the market for a secured loan UK. Before rushing out to try to find one, however, you might want to do a little bit of research? after all, there's a bit more to it than simply heading down to the bank and getting them to loan you the money. No Credit Check Personal Loans - If You Need Fast Cash, A PayDay Loan Online Is a Very Quick Process Online payday loans can get you fast cash through a very quick process. By processing applications online and depositing money into your checking account through direct deposit, you can have your cash advance within hours. Secured Business Loans ? Equipping Your Business Blueprint With Concrete Groundwork Somebody once said, 'Business is not financial science; it's about trading, buying and selling. It's about creating a product or service so good that people will pay for it.' So you are full of ideas and ready to take on the world. No matter how striking your business idea is, it still needs a solid foundation to work on. Without a concrete financial plan your business plan might not be as feasible as it might seem on the pages, realistically speaking. Secured business loans give you the opportunity that you need to be financially independent. Being a homeowner will provide you with more to bank upon than you realize. A business loan by keeping your home as a warranty is the just the right way to get started. To Be Mr. and Mrs. Sometimes You Need Wedding Loans The conception of wedding has changed over the years. Its conception, its configuration, the way it is planned ? all have changed through the past times. You can see it since you are planning your wedding or your child's wedding. Wedding has been planned in your room, your mind, your house, your in-laws house. Every wall, every floor, everywhere you walk, your wedding is being planned. It is on your mind and finances come invariably into focus while the planning is going on. They are like the slight tap on your head that is constant and irksome and yet wanting to tell you something that is so essential. How do you stop that? You want to stop that! It can be stopped through - Wedding personal loans. Cash Loans for Unemployed ? for an Instantaneous Response to Needs of the Unemployed Unemployment is generally supplemented with several other vices like poverty and indebtedness. As if these are not enough, several contingencies start making their demands, all at once. This harries the individual to the point of contemplating suicide. A ray of hope lies in cash loans for unemployed ? a unique financial product that provides instant cash loans for the jobless individuals to meet the contingencies at the earliest. Loan Officer Marketing - The Power of Positioning How do you build a marketing strategy that can have real estate agents hunting for your services? Realtors® are bombarded everyday with a continuous stream of marketing messages from loan officers. They cope with this information-overload by ignoring most of them. So how do you stand out in an over-communicated environment? You'll change the dynamics of your marketing when you understand the importance of positioning. Positioning is a communication tool to reach agents in a crowded marketplace. Short Term Solutions to Cash Flow Problems If you're in a crunch for money, either because of an unexpected emergency bill or other reasons, you may want to look into check into cash services. Available online, check into cash services follow a three tiered process: The Truth In Lending Act With a stated objective to help consumers, Congress deemed it fit that to enhance "economic stabilization and competition among the various financial institutions," lenders must give written disclosures on cost of credit and various terminology of repayment. Home Loans in the UK Owning a home is the most important dream of any person. It is one of the basic necessities of life as stated by Maslow in his 'Theory of Hierarchy of Needs'. People generally desire to have a home which not only gives them shelter, but also should be the expression of their artistic tastes, and an object of pride. Owning a home is a matter of spending of life's savings. For some- belonging to the high earning group, it is not a problem; but for others arranging finances for their dream home is a very crucial decision, they ever take in their life. To enable people to realise there dream, financial institutions and banks offer home loans to people. Be Wary of Guaranteeing a Loan You need to be wary of guaranteeing a loan. What would you do if a friend or relative asked you to guarantee a loan? You would probably like to help them by agreeing to guarantee the loan but consider your actions carefully first and make sure you understand what it involves. Benefits of a Home Owner Loan There are many benefits for choosing a Home Owner Loan, some of which are listed below: Industry Regulation and Recent Legislation A number of states from coast to coast are attempting to impose further regulations on the payday loan industry, but without much success in many cases. Consumers of payday loans have generally argued against more stringent measures and limitations, that would limit their access to payday loans. And, in the meantime, the payday loan industry continues to grow, both in the numbers of loans issued and the dollar amounts of loans issued. Benefits of a Bad Credit Personal Loan Outlined here are some of the many benefits of a Bad Credit Personal Loan. Bad credit personal loans are increasingly popular these days. A poor credit history can happen to anybody at any time. Perhaps you need a bad credit loan because you missed some payments on a previous loan, got into mortgage arrears, had a County Court Judgement against you or problems with your credit cards. Perhaps it was due to circumstances outside your control, because of a divorce or redundancy, for example. Student Loans Are The Life Preserver Of The Education System A loan is the reason many students are able to go to collegeand not have to worry about money until after they'vegraduated. There is a lot of paperwork involved in theapplication process of a loan, but once you've completed itand been accepted, it will have been worth it. Loanscan help with the cost of books, tution and even livingexpenses or they can cover them completely. It all dependson your eligibility, which is determined in the applicationprocess of the loan. Signature Loans: A Signature Can Relieve Stress Of No Collateral And Bad Credit The dynamics of loans borrowing procedure has brought new ways of borrowing in the forefront. Signature loans are remote from traditional forms of loans borrowing which requires collateral to be placed as the guarantee of the loan borrowed. Signature loans are provided entirely on the receipt of a signed activation letter. Therefore, you do not need a co-signer or collateral for it. Signature loans also have another name for them - character loans. Why Bank Overdrafts May Be a Bad Deal For You Many banks actively encourage their clients with low balances to overdraw their accounts. That means, if the customer writes a check or uses her debit card and has insufficient funds in the account, the bank clears the check by granting a temporary overdraft (a short-term loan), up to a specific limit. The customer is saved from the problems of bounced checks or interrupted shopping sprees.
|
| © Athifea Distribution LLC - 2013 |
