We are going to share a real life story of a family who avoided additional hardship after being taken advantage of by a bank, thanks to short  term loans online. Of course we have to change the names of the people who benefited from the online short term loans for privacy reasons. Please read the following story of the Joneses and their experience with big banks and installment loans for people with bad credit.

Economic hardships can be prevented with short term loans

The “Jones Family” got more than one short term loan online in order to squeak by in this harsh economy. Mr. Jones was having trouble making sure that he kept track of all the debit card transactions between himself and his wife. Add automatic deductions to the account and internet purchases and Mr. Jones had a receipt for disaster.

Big bank fees cause big shock to the budget

Mr. Jones had no idea that the big bad bank was going to reorder debits and other deductions to the account in a very strange fashion. After planning a trip for his family for several months, everything seemed to be in place. The Jones family had a great time and had not a clue what was about to happen to them financially. Their budget was going to undergo a radical change without their knowledge or permission.

Fun vacation ruined by bank fees

After a great week of vacation, Mr. Jones finally was able to get online and check the family bank account. Shockingly the bank was claiming they were over drafted by almost $1,000 dollars. Mr. Jones had set up automatic overdraft protection with a secured savings account credit card. There should not have been 10 overdraft fees charged to the account. It was going to take more than one short term loan online to get the Jones out of this budget crisis.

Read the bank’s fine print

Upon close examination of the banking record, it was revealed that there should have been enough cash in the secured credit card account to cover the overdrafts. There was approximately 15 debit charges to the account for various vacation expenses. There was the addition of an early debit for auto insurance to the account for approximately $200. This brings us to the scandalous part of the story.

Bank reordered debits to create unnecessary overdrafts

The bank reordered all the small debits for the vacation that were in “pending” status and put the larger insurance debit first ahead of the others. This was strange since the insurance debit actually accrued after all the small debits in the account. Interestingly enough, the bank reordered the debits to create 10 overdrafts instead of just one. So, to borrow about $100 or so, the bank charged Mr. Jones $350. To say the least, the Jones were outraged.

Overdraft protection ignored by bank

It is bad enough when the bank did not take the money out of the overdraft protection account to cover the insurance payment, but to reorder all the debits for the vacation in order to profit to the tune of $350, that is simply highway robbery. The Jones were not only shocked but extremely upset. Being that the bank would not have any mercy on the Jones, they were forced to obtain short term loans online to make ends-meat while they paid off this outrageous debt.

Banks routinely target families

This is a common tragedy in the United States today. Big banks and financial institutions are taking advantage of working families. They pay the media big bucks to villainize short term loans online but they charge people in excess of 30,000% APR and call it a fee. Short term loans online are definitely a far cheaper alternative than overdraft fees.

Learn from the Jones Family mistakes

If you are like the Joneses you may want to keep better track of your online debit transactions and possibly get a short term loan online before you go on your vacation and pay for everything with cash or at least make sure you have extra money in your bank account. That would have saved the Joneses several hundred dollars and prevented massive headache and anxiety.

Get Your Short Term Loan Online Now!

If you don’t need a short term loan online today you may need one in the future. Please save this page in your bookmarks to come back later. If you need a down payment assistance loan to purchase a vehicle, you should check out VehicleMicroFinancing.com.

I guess Schwarzenegger is just not as convincing in a tie.

Governor Schwarzenegger had high hopes when he laid out plans in the California for out to deal with his state’s huge deficit.

Turns out his hopes were too high. Voters rejected the California budget measures by a pretty hefty margin.

Read their lips: no new sales tax

One measure in the California budget “would have capped spending while extending a sales tax increase and boosting a rainy day fund,” according to Silicon Valley/San Jose Business Journal. About two-thirds of California voters rejected that measure.

On other measures, the Business Journal reports:

Sent to a defeat by a slightly smaller majority were measures to provide $9.3 billion in supplemental payments for local school districts and colleges, borrow $5 billion against future lottery revenue and shift revenue earmarked for mental-health and children’s programs to the general fund.

One gets by for the California budget

There was one California budget measure that voters approved just as quickly as you can get approved for a no faxing payday loan. That measure said there would be no pay raises for elected state officials as long as there is a budget deficit.

Three out of four California voters had no problem with that one.

So what’s plan B?

The rejected budget measures amount to a projected California budget deficit of $21 billion.  The rejected measures would have cut that down to about $15 billion — not exactly a stellar improvement.

The governor is calling for an increase of $2.3 billion in budget cuts for education on top of $3 billion in cuts that were already planned. He has also called for a $400 million cut in prison costs by shifting inmates to local and federal authorities, writes the Business Journal.

It’s a rough tradeoff. California voters made it clear that they don’t want more taxes, but I highly doubt they’d be in favor of budget cuts for education. Ahem, I mean more budget cuts for education.

Schools to suffer

[adsense float=”right”ABC News has a story headlined “California Schools Likely to Suffer from Budget Cuts.” Reporter Lillian Kim writes a few projections about what could happen as a result of decreased school funding. “Tens of thousands of teachers could get laid off,” she writes.

Exactly what programs and services will be cut and by how much is something that will be the subject of intense negotiations in the coming weeks. And all sides are holding out hope, that the election results will spark a new level of dialogue.

Look to ‘the illegals’

Californians do have some interesting ideas of their own. This comment was left on the Business Journal’s story by a poster using the handle “No Illegals” wrote:

Now, end ALL programs that support illegal aliens directly or indirectly and reduce our tax loss by billions of dollars.

Demand E-verify for ALL employers to humanely removed illegals from the workplace and allow Millions of Americans to find needed work.

Also, give yourselves a needed 20% paycut to come in line with the rest of the states for elected state officials pay.

Although I don’t like to be in debt, a payday loan is a perfect opportunity to quickly get some cash when you need it urgently. I know many people who didn’t like to take any kind of loans, but when they get into an unexpected financial situation, this loan was their only help.

I was in such a situation. I got a new job, and wanted to leave a great impression on my colleagues on the first day at work. So I bought a suit, a really expensive one. But when I got home, I got not so pleasantly surprised. The stove broke down, and after a couple of hours, the heater did too. I didn’t know what to do. I accepted the fact that I had to take a loan, and the fast payday loans seemed to be the best choice for me.

How to get it?

I really couldn’t believe it was so easy. I only needed to confirm that I was 18 or older, that I had a bank account, and, of course, that I had a job. No faxing, no waiting, no checking of my credit history; it was all over in about hours and the money was in my bank account. You don’t have to have an excellent credit history to get a loan, so everyone can apply. You can even get it online, and all that is left is to go to the bank and withdraw your money. When I went to work the next day, I returned home and made the dinner for my wife and me, and later I watched a show on T.V. It felt great not having to think about the problems I had solved so quickly.

Don’t fool yourself

But don’t think that this is your way of getting some extra cash every month. You have to be very responsible when taking any kind of loan and this is not an exception. This is probably the best way of getting a little extra cash when you really, really need it. But if you take out a payday loan every month, you will be just spinning around. Don’t take a loan to pay off a loan!

But…

Instead, control yourself and your spending. Don’t buy stuff you don’t really need. These loans are meant to be used only in extreme situations, when you have to pay for something right now. Be responsible with payday loans. These loans of $100 to $1,500 can make all the difference, if you use them correctly.

And don’t forget that you had a loan. Some forget that they have to pay a loan, so they are unpleasantly surprised when the payment day comes. Adjust your budget to pay it off on your next payday.

And also, SAVE!

When you take a Payday loan, it is important to keep in mind that you now have a payment to make, and that the money you bring home on your next paycheck will not be as high as usual. So, it is important to do some saving. I tried not to eat in restaurants, but prepared my own food. I held off buying any clothes that I didn’t need and if I absolutely needed something, I didn’t buy brand names, and bought on sale instead. It is very important to plan your expenses until and after the loan is paid off.

Leaders at the State Capitol in Sacramento are struggling to keep up with the bills

Pretty soon the only financial help I’ll be eligible for is bad credit payday loans. I’m behind on my heating bill and my cable bill. I have medical bills from  more than a year ago that still aren’t paid off. Why would I be so bold as to share this information with the world? Turns out I’m not alone. Even the great state of California is behind on its bills.

Schwarzenegger has been stressing for some time that California is in a state of financial emergency. Today KCRA published a story saying California has officially joined a growing category of Americans: those who can’t keep up with their bills. If I end up needing bad credit payday loans, I certainly won’t be the only one.

Who’s getting stiffed?

Unfortunately for Californians, their overdue bills will have a much more significant effect than my delinquent Comcast bill. Elected leaders are behind on paying out college scholarships, an unfortunate circumstance for a state already facing a financial crisis in the higher education sector.

The state also hasn’t issued checks for county social services and the California Highway Patrol. While the state is struggling to pay to keep its populace safe, individuals expecting tax refunds will face a lamentable surprise. The state will not issue any tax rebates until this budget discrepancy is solved.

Easing the burden, a little

The Golden state is in the red.

The trouble in the education industry will  be eased just slightly by an agreement made Friday. About 200,000 state workers, including teachers, must take two unpaid days off per month to defray costs. I doubt you will hear much complaining from the workers who will now have a few more four-day work weeks. The alternative to the furloughs was layoffs.

So don’t feel ashamed if you’re behind on your bills — even the Terminator can’t keep up. As for me, I’ll brace for needing bad credit payday loans and spend my entire tax refund on overdue bills.

Related articles

• The Dos and Don’ts of Financial Distress (usnews.com)
• California’s cash crunch: IOUs coming (money.cnn.com)
• 5 Ways To Maximize Your Tax Refund (huffingtonpost.com)
• Top Five Tax Refund Tips: Ready, Set, Save (abcnews.go.com)