News
Breaking News that matters most. Brought to you by Personal Money Store.

When You Get a Loan, it Pays to Comparison Shop

Smart people do their research and compare prices before making any kind of purchase, or to get a loan. This includes entering into a loan agreement with a lender. When it comes to loans, term considerations are many. For instance, confirm what interest rate a lender will be charging you and whether there are fees

Does Easy Access to Quick Cash Help or Harm Borrowers?

Many economists are now questioning whether easy access to quick cash is helping or harming borrowers. Access to credit has long been accepted as an important part of building a strong financial base. However, what many people do not realize is that the types of consumer credit in use today were rarely seen before the

An Internet Connection is all you Need to Get a Loan These Days

In the past, trying to get a loan was a complicated process, one that required you to gather personal financial documents and discuss your borrowing needs with a banking expert. Because of advancements in the industry and modern technology, an internet connection is all you need to get a loan these days. Not only is

Where People Turn for Cash Loans When Banks Turn Them Down

Since the financial meltdown of 2008, banks have made it harder for consumers to obtain cash loans unless the loan is secured by a tangible asset. Therefore, although banks are still willing to finance vehicles, homes and other large-ticket items, obtaining unsecured, small-dollar cash loans can be difficult or impossible. The natural question that often

Do Bad Credit Installment Loans Take Advantage of the Poor?

Many people often turn to alternative financial sources, including online lenders who make bad credit installment loans. Regardless of income, financial crises can arise and leave families struggling to cope with unexpected expenses. However, people with low incomes can be hit especially hard by a cash shortfall. If their credit is poor, the effects can

Need to Borrow Money Just to Keep Up? Here’s Your Financial Escape Plan

When you need to borrow money–unless it’s an emergency situation–it probably indicates that you suffer from financial problems that go beyond the immediate situation. According to Pewtrusts.org, only 14 percent of today’s borrowers can truly afford to repay a short-term, high-interest loan. People are often driven to borrow money by desperation and rose-colored outlooks about

A Cash Advance Online Saves Nine: Tips on Using One Wisely

A cash advance online is perfect for people who need to borrow a relatively small amount of money for a short time. Because they are unsecured financial products and typically needed for emergency situations, these loans generally feature high interest rates and fees. Instead of allowing a cash advance to escalate, which is likely to

Why Quick Loans Aren’t Necessarily the Best Option

Quick loans are generally short-term loans for relatively small amounts. These loans are often paid back on the borrower’s next payday, but sometimes, lenders off them as installment loans that can be paid back over a longer period. Regardless of the exact terms, most quick loans charge higher rates of interest for the convenience of

Does a Cash Advance Really Qualify as “Predatory Lending”?

For millions of Americans, a cash advance can provide emergency funds to obtain medical care, keep the utilities turned on or handle a repair to the home or the family’s vehicle. Cash advances are short-term loans that are typically due in full when the borrower receives his or her next paycheck. However, in recent years,

Online Loans Makes Taking On Debt A Whole Lot Easier

Online loans offer astonishing convenience for getting essential cash when families really need emergency funds. Many families today live paycheck-to-paycheck, so unexpected expenses can throw up big obstacles to safety and financial security. A report from Cbsnews.com found that 38 percent of the 3,200 people surveyed admitted to living paycheck-to-paycheck. Although many of these respondents

Quick Loans May Be Tempting, But You’ll Save Money With Traditional Funding

When you are temporarily short on cash between paychecks, it is tempting to apply for quick loans online that do not require credit checks and offer easy approval processes. Having access to quick cash in less than 24 hours can help you avoid the consequences of an electricity shutoff, overdrawn checking account, expensive late fees

Avoid Payday Loans Online for Impulse Borrowing

Impulse borrowing and emergency borrowing are entirely different things, and consumers should avoid payday loans online for impulse buying. Although convenient online payday loans rank as one of the top resources for urgent financial needs, these short-term loans carry higher-than-normal interest rates because of their shortened loan periods, high administrative costs and higher-than-normal default rates.

Fast Cash, Fast Times: Today’s College Students Living Large On Borrowed Money

College is a major expense, one that statistics say leaves the average college student in debt for more than $37,000. With the cost of tuition on the rise as well as basic living expenses, college students are borrowing more to get through school than earlier generations did. But, are they using borrowed funds for college?

How to Get a Loan Without Getting Fleeced

While it would be nice if people could save up the money that they need for the things they buy, most of us must get a loan for big-ticket purchases and financial emergencies. In too many cases, money and deceitful actions go hand-in-hand. So, how can you get a loan without getting fleeced? You can

Why Do Fast Loans Carry Such High Interest Rates?

Consumers who encounter a financial emergency often need fast loans to borrow money, but they typically need lenders to process their applications quickly. Cash-strapped borrowers may not have the ability to wait a week or more to receive the funds needed to repair the family car, pay for a spouse to visit a doctor or

7 Braindead Simple Methods to Payoff Loans Before Payday

When you find yourself in a financial pinch, it might seem impossible to generate the quick cash that you need to cover paying off loans before payday. However, there are at least seven ways that you can put quick cash into your pocket to get rid of payday loans, as well as the need for

Unsecured Loans Usually Include Sky High Interest Rates

When shopping for a loan, borrowers typically have to choose between unsecured loans and secured loans. Secured loans are backed by one or more assets that the lender can seize and sell to recover at least part of the loan if the borrower defaults. Unsecured loans do not require collateral, but these types of loans