An payday loan is not backed by collateral. No collateral is pledged as a security for a repayment of an payday loan. In case of bankruptcy or liquidation process personal assets of the borrower will not be at stake. This type of loan depends on your promise and goodwill. As it is obvious that it does not pledge any collateral that’s why they charge high interest rate and they are more expensive then secured loans.
Actually debt consolidation is a kind of method used to pay off all obligations incurred by an individual. Another loan is taken at a lower interest rate to pay back previous multiple loans. Ultimate goal of debt consolidation is to find a loan that offers lower interest rate or to secure a fixed interest rate.
Requirements of Note for Debt Consolidation
Payday loans are now becoming more common among companies or individuals with stable income and good credit history. To obtain an payday loan for debt consolidation, an applicant must bring complete credit and payment history and guarantee of stable employment too. Strict requirement are set for those that have taken credit card troubles. Debt to income ratio must fall within the limits of note requirements. Dealing of an applicant must be clear with creditors.
An payday loan for debt consolidations is the best option for individuals with too much credit. They want to spread out the payments. An payday loan for debt consolidation is used by professionals for leasing a car or renting an apartment. Some individuals do not own anything like home, land, automobile etc to use it as collateral. These people only bear a good salary.
Interest Rate Issues for Debt Consolidation
Some notes require collateral; therefore any individual failing to provide collateral will certainly be ineligible to get this type of note. It is advised to take advantage of qualifying for this type of reduction. Higher interest rate is charged on an payday loan for debt consolidations. Individuals can use home equity note for consolidating their obligations. It charges a low rate of interest. An Unsecured note is also another option that can be used for debt consolidation when no ownership exists. It is wise enough to obtain a payment reduction note when you feel that you have taken multiple debts. It could save your time, money and settle your worries if interest rate is lower as compared to the average.
Guide for Applicant
It is necessary for an applicant to provide detailed and complete history of credit and income for an approval and processing of payday loan without credit check for debt consolidation. In the next phase financial strength of an individual is determined. Then a counselor decides if applicant is eligible for note consolidation or not. This process may take a time of 60 days. In case if you do not want to secure note by using collateral then it is better to sacrifice.
Payment Reduction services
Make sure that interest charged for a note of reduction payment must be lower than the average rate of cards. If not so then remember that many other services for payment reduction credit card obligations exist. They provide services through lending institutions.
Ds had to get new rotors for his truck this weekend. This came right on the heels of two emergency dental problems and the truck repair three weeks ago. His ffef is gone. But he is sticking with cash only. We are very proud of him for that.
On the trailer dealership problems we keep hammering away at those. The minute I pointed out changing the extended warranty length without lowering the price or our permission was bait and switch and illegal I got their attention.
They tried to negotiate with me with miniscule cash settlement. You know, by knowing me, that didn’t fly. Supposedly a full refund for the two years difference without rewriting the contract. Slightly over $700 was supposedly mailed Friday. Whant to know how to borrow money online fast and easy with bad credit history? You will see!
After dh picked up the paperwork from them on Tuesday I went to pay the tags and excise tax on Wednesday. Of course the paperwork was all screwed up. Little things like unsigned lein releases, it was tagged with an automobile tag rather than a travel trailer tag and my name totally butchered on part of the paperwork. The tag agent was good and got it all straightened out and it is finally legally ours and can be on the road.
Before ds’ Michael hits he bought a beautiful all wood computer desk, with cash of course. Dh helped him get it into the house…and messed his back up. He has been on meds every since. It seems a little better today.
Me, I have been on an emotional roller coaster.
Be prepared, dh has finally nearly got my new laptop tweaked to my needs. That means my blogs will be updated soon.
DH started his new job Monday.
Good news is we can cover everyone medically for about $450 a month.
Bad news is medical coverage is PPO. That means the first $6000 of expenses each year is on us.
That amount is about 3-6 months of household expenses, or in other words, a FFEF.
I’m assuming the smart thing to do (with our history) would be to get the FFEF in place BEFORE I resume paying off debt?
Listed my second house (have been renting it out for 3 years) for sale. There were three showings, but not the flurry of activity I was hoping for. I love the home, but need to get it off of my financial plate.
I understand the frustation – sounds like ATT and their shenanigans. The future billing aspect, and their strange system of getting one routed to autopay. I just couldn’t keep it straight when the autopay would start, it was hit with what appeared to me as a late charge for not paying on time when I thought I was enrolled into autopay and when the dust settled, I had an extra payment on the account which I clearly didn’t want the company to hold.
I had made an automatic payment arrangement to bring our cell phone bill “current”. It paid on Friday. As I was looking at our accounts, I noticed that the cell phone bill had an outstanding balance of $127.
That’s odd I thought. Oh look, it says it’s due today. I’ll go ahead and pay it.
Yeah, that’s NEXT MONTH’S BILL.
That just makes me so mad that I am so dizzy from a hectic weekend that I couldn’t even remember that. I didn’t really need to pay that bill for another two weeks. It’s money that could have gone for, say, GROCERIES, or completely PAYING OFF something else, or getting another CC “more current.”
That just really really annoys me. And it annoys me because on Friday I didn’t sit down and just pay everything at once like I normally do as I was slammed for time. Which then threw me off because I knew that “today” I needed to finish paying the bills.
That it is the cell phone bill (which frosts me anyway—because I get billed IN ADVANCE for the privilege of having future cell service) just adds insult to injury.