Payday Loans

Avoid Payday Loans to Repair your Credit

by with No Comment Credit

If you are trying to make ends meet and are having past-due bills pile up, the last resort you would want is to take out a payday loan to pay your dues. There are many sources available today that offer payday advances. You can connect online with many payday advance loan companies to get a quick payday advance loan. Most payday loan companies do not check credit, so even if you have bad credit or no credit, you can still apply for a payday loan. The loans are issued after you show proof of banking account, Social Security, Driver’s License and Pay stub proofs. This information is used against you, often the lenders will deduct money from your accounts, including interest and principals that apply to each loan you take out.

If you are applying for a payday loan online…Beware…Some of the sources are not even institutes that specialize in payday loans. When you are trying to repair your credit, the last thing you need to do is spend money that is not necessary. When you borrow money from payday loaners, your personal information may not be private. Since many of the lenders are outside of the United States and are out of government regulations, your information just might fall into anyone’s hands. This puts your credit at great risk. You would be wise to perform some extensive research to ensure the payday loan institute is valid and trust worthy.

Payday loans offer you a loan against your paycheck, but the downside is you will be paying higher fees to get the loan. You could be wasting money and taking a chance on your identity. Some payday loan companies offer a “free” loan to their new customers i.e. no fees as long as the loan amount is paid in full on its due date. If you are searching for help to repair your credit, it might be wise to search the market for legitimate resources that will help you restore your credit at little or no cost to you. There are Debt Counselors and Debt Management Companies available that assist people with credit repair but the best source is you. You might be wise to check out government options available to people with bad credit.

Many services are available to help you repair your life. The best solution is keeping up to date on your bills if possible or minimizing your monthly installments by opting for credit cards that have no fees attached and low interest rates. If you have a credit card, or else applying for a credit card avoid charging items to your cards unless it is absolutely necessary. You might want to apply for a different credit card if you card has high interest rates and discontinue your old card once you receive your new card. In some cases, depending on your credit card history, you could call your credit card company and ask them to reduce your interest rate. If you have had a good history with the company, they will most likely oblige.

If you suspect that someone has access to your card be sure to contact your provider immediately to report the card lost or stolen. Always keep this information in close vicinity to ensure a quick response. Be sure to only provide your personal information to those you trust i.e. Social Security Number and Bank Account Number. Never give information pertaining to you freely especially over the phone. If you are considering a loan to payoff your debts, check the market first before applying. The more applications you complete, the more it applies against your credit report. You might want to cut back on your utilities, i.e. reduce your heat or air conditioning, to save funds that can be applied to your bills.

Are You Managing Credit And Debt

Are You Managing Credit And Debt Or Is It Managing You?

by with No Comment Credit

Credit is synonymous with American culture. It is actually a godsend, helping you buy your house or car, get an education, and take advantage of special offers and sales. Meanwhile, imprudent use of credit will only leave you cash-strapped. Understanding your legal defense and third-party actions is a start to fixing those issues.

Your credit report

So, one key to a stable financial future is your credit report. The report is used by employers, insurance companies, and potential creditors to get a glimpse of you. Finally, your credit report is so important that laws protect you from having incorrect information reported about you.

Request your credit report in the following way:

If your credit application is declined, you can obtain a copy of the report to verify that all information has been accurately reported. The name of the credit reporting agency that issued the report used to justify your denial in writing. You have a right to decide which one to choose. State law allows you to receive a free credit report from the agency, prepared for any given creditor, if the application is made within sixty days of denial. Just so you know, laws change and are different in every state, so pleasemake sure to do your research.

You also are entitled to a credit report at no cost once every calendar year, regardless of whether or not you were denied credit. Check to ask for a copy every year, so your report remains clean from bias.

Fixing Your Credit Report

If any of the information in your credit report is wrong, you can dispute it with a credit reporting agency. Within 30 business days after you alert a CRA of your credit dispute, the agency must investigate by asking the creditor to review its records unless it deems that something in your denial request is just not right. The credit bureau must correct any unconfirmed, incorrect, and error info.

Furthermore, you should know that bad credit information older than seven years may not be on your report. Start with the introductory rule. There are a few exceptions to this, and most of you are probably aware that bankruptcy may be reported for up to ten years.

If you disagree with the outcome of a credit bureau investigation about an error, you have the right to write a brief statement in your file explaining how or why it is wrong. If you enclose the credit showing the agency a small shielding statement, it will attach that assertion to your account whenever you submit it for application.

If you have credit problems:

Negative information that is accurately reported must stay on your credit file for a set amount of time, often seven years. This information includes late payments, bankruptcy, liens, and accounts given to a collection agency.

Having negative information in your files does not necessarily mean you will be refused open credit. Creditors look at your credit report differently.

Credit repair clinics promise to clean up or fix your credit record for a fee. Typically, these clinics cannot have accurate information removed or changed on your credit report. You can do it yourself, but a consumer reporting agency is not authorized to charge you for removing inaccurate information from your credit report or restoring lost points on an aging disputed account that caused actual harm.

How to Cancel Junk Mail — Credit Card Edition

You can remove your name and address from pre-screening by the credit reporting agencies — companies that allow businesses to look at a summary of their clerk reports to see if they will offer you a card. One example of this is pre-screening, as in the case where you get a credit card application from Capital One with “You’ve been Pre-Approved” written across the top. You can now “opt out” of having your credit report pre-screened by calling 1-888-5 OPT-OUT.

While it will be impossible to stem the tide of all your junk mail, this step will end many offers from companies that dink into credit communication layers.

Bad Credit Personal Loans

Bad Credit Personal Loans – Applying For Cash Advance Online

by with No Comment Credit

This way, you may earn some quick money when you need it. Judocash advance, payday loan companies approve loans for everyone with any credit. As such, if you are just facing a sudden bill or have to pay for an urgent car repair, then loans like the one from ThickAFCredit can give you access to that cash in as little as one business day.

Here’s how cash advance loan companies work

For those of you who do not know, a cash advance or payday loan company provides personal loans to people in need with good and bad credit. Getting approved is simple. Whoah, you are going to have to qualify for a loan. However, payday lending companies have loose standards for approving loan applications.

In most cases, one must have a stable job and a minimum monthly income to qualify for consideration; this often comes with requirements around having a chequing or savings account in their name and post-entitlements. All applicants must be at least 18 years of age. His loan request is granted if he meets these requirements.

Also, no credit checks or collateral is necessary with a cash advance lender. For example, when you apply for a bank loan, these two factors affect the approval of your loan. When your request is accepted, the payday company will pay funds straight to a checking or personal savings account. The funds are generally available the following business day.

Why an Online Cash Advance Lender

Is The Way For Payday Cash Advance Application: You can walk into the shop to take out a loan or apply online. The former option is pretty standard, while the latter remains popular as it provides convenience and privacy. Also, getting a cash advance loan online is even more convenient if you compare different online payday lenders.

Every payday loan place is different. Therefore, companies have different fees, loan terms, and minimums you must meet. Before you avail yourself of a loan, it is always suggested to research different cash advance lenders and choose a lender that will soothe your needs. If you need an extended repayment period, apply with a lender that offers 30-day cash advance loans.

When comparing cash advance lenders online, look at fees, interest rates, and late charges. Interest rates are $15–$30 for every hundred dollars borrowed. If you do not pay the entire balance by this due date, your lender will charge interest on that portion. Repay the money ASAP to prevent further damage.

Fix-and-Flip with Short-Term Financing

Fix-and-Flip with Short-Term Financing: Your Guide to Profitable Real Estate Investing

by with No Comment Real Estate Funds

The strategy of property acquisition, then renovating, and quick selling “fix-and-flip” is gaining momentum in real estate investment. The approach requires purchasing distressed properties, doing some repairs and renovations and reselling them at a higher price. These kinds of projects can realize significant profits, but they also need heavy capital investments and, most of the time, fast turnaround. Here, short-term financing solves the problem, giving the investor the money and the opportunity to take advantage of such opportunities.

What is Fix-and-Flip with Short-Term Financing?

To fix and flip with short-term financing means to do property renovation either by purchasing a property or performing its reparations with short-term loans, that is, loans with a duration of between 3-12 months. Usually, these loans are amenable to be short-term in nature; object sold is put on sale to enable the rapid repayment of the loan taken.

Benefits of Short-Term Financing for Fix-and-Flip Projects

Short-term financing presents a lot of benefits for the fix and flip investors:

  • Fast Approval and Funding: These loans have quite a short duration, wherein a borrower’s capability to borrow has a fast turnaround, unlike conventional mortgages. Therefore, investors can swiftly take advantage of time-pressing deals.
  • Flexible Loan Terms: Short-term loan lenders allow fewer politics concerning repayment of their loans, and issues are advanced concerning the scope and nature of projects to be tackled, such as fix-and-flip.
  • Obtain Enhanced Leverage: Investors find that short-term loans often have a greater LTV since short-term loans are granted easily.
  • What is Prepayment Penalties? Most short-term lenders do not charge a prepayment penalty; therefore investors are free to pay back their loan without incurring extra costs.

Looking at the Costs and Risks

As has been seen, short-term financing can be credited to investors. However, one has to appreciate the costs and risks that come with it.

  • Higher Interest Rates: Generally, short-term loans tend to command the highest interest rates in comparison to a lawsuit, as such loans are risk prone for the lending firm.
  • Deadlines: Repayment of these loans within a short period leaves some pressure to be done with the repairs and sell the house.
  • Threat of Foreclosure: In case an individual falls behind a specified timeline to repay a loan, such an individual is likely to face foreclosure, which comes with a cost and loss.

Looking for the Right Lender for Your Fix-and-Flip Goes Well

Identifying a good lender is key to the success of your fix-and-flip project. Take into account the following aspects when selecting a lender:

  • Knowledge about Fix-and-Flip Loans: Seek lenders who are conversant with giving out funds for fix-and-flip projects and have experience in that field.
  • Reasonable interest rates and charges: Apply for rates and charges from numerous lenders and select the most competitive.
  • Flexible Loan Options: Select a lender who provides flexibility with the loan terms, including, among others, interest-only payments or adjustable rates.
  • Reliable Customer Support: Choose a lender with good customer support who can help with issues and questions that may occur during the loan.

Partner with Thick AF Credit for Your Fix-and-Flip Financing Needs

Here at Thick AF Credit, we know the problems and advantages of fix-and-flip investments. We have loan officers who understand that time is of the essence and offer only short-term products to investors in real estate. Cost and terms are reasonable and loans can be processed quickly for you to meet your investment objectives.

Call Thick AF credit right now and make your removal financing requests so that you can commence with your fix and flip real estate investments as per your dreams.