Tag Archives: amount

Uses for Fast Cash from Payday Loans

March 19, 2018   Loan Tips

Nowadays, more and more Australians are turning to payday loans for fast cash. Not all borrowers are people with bad credit ratings or in a financial emergency. The convenience and speed of a payday loan attract customers who cannot get a bank loan. This is because the amount they need is below the minimum loan amount or those who prefer to get a fast loan, one where they borrow a certain amount, pay it back on their next pay day then forget about it. The latter is actually a better option than using a credit card and adding to an existing balance, never knowing exactly when a particular debt has been paid off.

So what do people spend the cash on? Payday lenders do not require customers to supply a reason for applying for a loan, but borrowers can be roughly classified into those who use the money for necessary expenses and those who spend the cash on leisure or recreational expenses. As can be expected, the majority of borrowers belong to the first group.

What constitutes “necessary expenses”? This includes utility bills, groceries, rent, credit card bills and other regular expenses that, for some reason or another, people forget to pay on time. They spend the paycheck on other things, forgetting some monthly bill that has become due. The following month, they need to pay the amount for the current month, as well as the previous month, and that’s where financial difficulties start.

“Necessary expenses” also includes unexpected bills such as car repairs, house repairs and medical bills. The number of people who save is getting smaller as opposed to the number of people living on credit. It is not difficult to imagine, people not having any emergency funds to draw on when unexpected expenses crop up.

On the other hand, some people need instant cash loans to supplement their funds for a vacation or a trip. During the holidays, others take out payday loans to help buy presents for everyone on their list, including themselves. Using the extra cash for buying gifts happens not only during Christmas, but on other special occasions as well, such as Valentine’s Day, birthdays, and anniversaries.

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Learning About Cash Back Credit Cards

March 17, 2018   Home Mortgage

Having a credit card that offers cash back or certain advantage always sounds like a good idea. What could be better than getting cash back on all the purchases that you make with your credit card? It sounds too good to be true, doesn’t it?

Well, there are cards that give you free cash, but it is usually only around 1% cash back. However, free money is free money, right? Well, sometimes.

If you like to buy a lot of things in one month, this kind of credit card probably sounds great to you. However, you need to keep in mind that they are not going to give you cash back on every purchase that you make. Even if they claim to give you cash back on every purchase, they will only give you up to a certain amount per transaction. The company also has a strict limit on the amount that they will give back to their customers. If you read the little, bitty print on the form that you signed, you will see a paragraph with their limits in the terms and agreements.

This is another way to try to draw in new customers for these companies. It is a good credit card to have and sounds great in theory, but they will have to check your credit rating before they will give you their card.

Research different credit card companies to see what they are offering. You may be surprised to find a cash back credit card that offers you just what you need and want with a high cash back percentage, few limits on the amount they will give you back, and instant cash deposits when you make each purchase with their card.

What should your decision be? If you have a good credit rating, then this card is a great option for you. Research different card companies – there are cards out there that offer you up to 3% cash back and impose very few limits. If, however, you have a bad credit rating, you may want to find a credit card that will help you rebuild your credit.

Although these credit cards seem like a great thing to have, some companies will need your credit rating to be great too. However, there are credit card companies that offer these cards to people with a low credit rating to help them rebuild their credit. Research all of your options.

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