Archive for the ‘Finance’ Category

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College Students Start Off Right – No Cash Advances

by

Holly Petherbridge

Teach your children the right way the first time around in order to prevent a need for an online cash advance later. Sending a student off to college is a first step for them to learn about tracking finances and being accountable for what they spend. Credit cards often require cosigners unless the student has a job. Parents who start early with lessons on handling money will have an easier time keeping these young adults out of debt.

Cash advances are found online, in cash advance stores, through credit cards, banks and credit unions. Their easy accessibility has many struggling with additional monthly payments. The last thing any parent wants for their college student is to get them into debt before they start their career. A checking account is a great ways to start a young adult into the world of finances. It is a safe place to keep their money and can be accessed in multiple ways.

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The first step would be to find a financial institution which can be found at home and from campus. Many large banks have convenient locations in most big cities. Choosing the best one to fit their needs with as little or no monthly finance charges would be the next step. Does the young adult have any need for checks or would a debit/credit card be a better option for their personal use? Does the bank have a certain limit which needs to be kept to save from being charged monthly fees? What kind of protection is there for overdrafts? Make sure to shop around. The parent\’s bank may not be the best suited for a college student\’s needs.

Find one which can be accessed online and has a local ATM for no fee withdrawals. The less money eaten in fees is the way to go for a newcomer. Online access can also be helpful when needing to add more money to the account. Parents could possibly deposit money into the young adults account in an emergency or pull from a saving. Online account will usually have low balance reminders. This is a good way to stay aware of balances getting too close to the zero mark.

Financial newcomers do not need to make all the same mistakes as those in the past. Technology will keep them up to date and better regulated on cash flow than the days when everything was done by standing in a bank line or writing a check.

Teaching young adults that any third party money costs money to use is a good beginning lesson. Having the option to use a credit card can be a thrill as well as a curse. Money spent is forgotten about and the balance climbs as it gets used here and there. Little purchases can add up really fast and if not paid of in full, the price you pay increases with interest payments. The sooner we learn to control spending to what we have, the less debt we may fall into.

Online Cash Advances promotes responsible lending and borrowing. Lessons which are learned early in life will help to prevent a pile of debt which will create financial struggles for later.

Spotya! Online Cash Advances

are small short-term loans that can bring you quick cash in a time of need. We encourage responsible borrowing since these loans carry a quick payoff schedule. Visit

Spotya!

to find out more about our cash advance lender practices.

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ArticleRich.com

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Payday Loan Lenders Seeing More Elderly Customers

by

Holly Petherbridge

Are people over the age of 55 in debt to direct payday loan companies? According to Primetime Retirement, a retirement income specialist, this age group of people is falling deeper into payday loan debt as inflation takes over their retirement income.

Living on fixed expenses when the cost of living continues to rise has created large amounts of credit card debt. Once that avenue has been filled, this age bracket of people then have to start turning to online payday loans and cash advances. When medicine is needed, there is no waiting. Fast money will take care of the problem and the rest will have to be worked out later.

The bankruptcy rate for the elderly has been increasing due to their limited finances. When living on a fixed income, what options are there for making monthly expenses work?

*Choosing a payday loan online will give quick access to cash to help out with the extras that pop up. These loans are high interest with a fast payoff. These loans can get expensive when not paid off in time.

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*An auto title loan could help to offset a pricier emergency. The interest is high and not being able to pay off the loan could make you lose your car.

*Bank or credit union loans will be difficult to get if credit card debt is already high.

*A reverse mortgage could definitely help the situation out if a homeowner. The equity in the home could then be used to take care of the debt to free up monthly income for other needs.

*Reworking a financial portfolio and possibly selling off some stocks or cashing in on other investments will bring in some cash. This process is not overnight, but would work great to pay off a loan from a direct lender if fast cash was what was needed.

*Picking up a side job will boost a budget. There are money companies who hire older persons part time. Another option would be to take advantage of a skill you may have and work for you. Maybe it is making a craft and selling it at an open market or online. Babysitting, pet sitting, or even house sitting are all easy ways to earn some extra money. Try to find something that you enjoy doing; it will seem a lot less like work.

This economy is not showing any signs of relief. The struggles with money for all age groups continue and there is no perfect solution to get out of debt. Educate yourself and find one which will work your finances. Get some help if you find yourself confused. Maybe you have a son or daughter who will meet with you and look over your finances. Explore all your options.

*Will a direct payday loan lender help? *Do I want to put my car at risk with a car title loan? *Is my credit good enough for a bank loan? *Do I have any more room on credit cards? *Should I consolidate my debt by refinancing my home? *Would third party debt consolidation work best for my situation? *What is debt settlement? *Am I at the point where I need to pursue the bankruptcy route?

Make sound decisions based on educating yourself on financial options available.

Spotya! Online Payday Loan Lender

offers quick and easy access to loan applications. Make sure the loan is the best money option for your financial situation before you sign. Visit

Spotya!

to find out more about these short-term money solutions.

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