Spot Prepares for San Francisco

I’m taking some time to pack today. I decided I will head out to the beautiful bay area this weekend. I love to experience different areas of the world. I plan on seeing some friends so it’ll be great to hang out with them. I have to make sure to bring my camera so I can take plenty of pictures. I wonder what we are going to get into over there. Whatever it may be, I’m sure it’s going to be tons of fun. One thing I absolutely must do is see the bridge. I’ve always heard about the famous Golden Gate bridge, so to get the chance to check it out would be fantastic. I’ll have much to talk about when I get back my friends. So make sure you come back and hear what I say about my time in the bay.

Poker Night With Spot

All I want to say on this blog is HAHAHAHA! Last night was guys night out and like I mentioned before, it’s always fun when “the pack” gets together. We had a night of poker and we put the chips on the table. It was like taking milk bones from a bunch of puppies. They were no match for the big boss dog. We played for about 4 hours and I ended up one rich pup when all was said and done. My pal Wags thought he had me in the end. Percy and Hunter both folded in the final round. It came down to me and Wags and we were both all in. He put down his hand and showed 2 pairs. I acted like I had nothing. Boy was I bluffing. I dropped a deuce and 4 aces. I tossed my head back and howled at the moon, just to rub it in. Rematch goes on next week. Same time, same place. A message to my poker friends – I don’t mind taking more of your paycheck! Look on the bright side, if you find that you lose everything due to your gambling habit, you know me, the owner of a Cash Advance online service. Hope to do business with you dogs real soon! HAHA!

Spot Celebrates Memorial Day

What a weekend. I went to Oceanside, California to hang out at the beach with some friends. It’s always fun when “the pack” gets together. It was a little cold out so I just knew that none of us was going to be excited about getting into the water. Dogs will be dogs though and “the pack” threw an unexpected lady chihuahua named Rosa that was with us into the ocean water. She got out quick and ran after us fast as a cheetah. I took off running as fast as my paws would take me. Just a bunch of dogs having fun. It was definitely some good times. Of course, we got some mean stares from some people because Rosa was shaking off the water and was getting some adults wet. It’s the beach, we’re dogs, grow up! What did they expect from us? To be tied up to a tree or playing frizbee fetch with some old folks? Anyhow, it was a great weekend equipped with the best barbecue ribs I’ve had in along time. I buried 6 bones!

What Makes Your Payday Loan Worth Getting

A payday loan can be a helpful experience if used the right way. With the amount of companies out there offering this solution, you should have no problem finding one that works for you. Competition should be good for the consumer making payday loan companies offer you the best of the entire loan procedure. Look at the benefits of the lender to see if they suit your needs such as what rate is being charged and the length of the loan. Some payday loan lenders offer you thousands in advance. But that isn’t always the most affordable way to go. So you should always find a lender that has the borrowers’ interest in mind. This works best for both the payday loan lender and the customer receiving the advance.

What Should You Get Out Of Your Payday Loan?

1.Low Rates – find a lender with the lowest rates in your area.
2.Fast Availability – Many payday loans can be available in 24 hours.
3.No Credit Check – Again, many lenders do not require this.
4.Affordability – Only borrow a small percentage of your income.
5.No Hidden Fees – Choose a lender that is upfront about all fees.
6.Informative – A lender needs to let you know when your loan is due.

The consumer has the choice. Either find an online lender. Or find a payday loan store in their area. Listed below are the benefits of each:

Online Lender
Available online 24 hours a day making it easy to apply.
Entirely electronic payday loan process; you can apply online, send your documents via fax or email, and have your loan within 24 hours.
Anonymity is the key; not being seen walking into a payday loan store can save you a potential embarrassment.

Payday Loan Store
You can find a store on just about every corner in any city.
It may be easier to understand the process when dealing with a person face to face.
For some people, actually seeing the different options laid out on paper helps them make an informed decision.

Finding the right company to service your payday loan can bring a peace of mind to the payday loan experience. Beware of lenders that offer you more than you can afford. Often they want to keep you extending your loan paying only principle. Locate a lender that has your best interests in mind, including the ability to pay back the loan on time.

Why Does a Payday Loan Company Need My Bank Account Information?

When you apply for payday loan the lender will require your bank account information. This happens for a couple of different reasons. One being, most lenders deposit your payday loan directly into your checking or savings account. Hence, when the loan matures and is due to be paid back, the lender electronically deducts the amount from your account.

A payday loan company may request your last monthly bank statement along with your banking information. It is very important that you follow that step. Also make sure it is a bank statement covering the last 30 days. The lender will look over your statement to ensure you don’t have other outstanding payday loans. It also helps the lender determine how much of a payday loan you can afford. It shows the frequency of direct deposit amounts and your spending habits. This process will help you have the best payday loan experience possible.

A payday loan is like a long term loan only in that the company wants to do everything possible to make sure their client can repay the loan. By producing your bank account information, and it shows up clean, it assures your lender to give you an advance in pay.

Think about it this way. If you were lending someone money, and you knew they already had an outstanding loan, would you be eager to lend to them? Most payday loan companies don’t require a credit check. So essentially, your job is your credit. If you can prove to the lender that you have a stable, constant source of income and it’s issued via direct deposit, they are more apt to quickly approve your loan.

If you are nervous about releasing your bank information, read the terms and conditions associated with the payday loan companies practices. And make sure the information you give is over a secure network or, even better, not online at all. This will assure that your personal information is kept private. If you are applying online, check to see if the website is SSL certified before applying. You alone are responsible for protecting your personal information.

Find a lender that you feel is trustworthy and has your best interests in mind. They are providing you with a service of convenience for getting quick cash. In return you must prove certain conditions. That’s where the bank account information comes in. It helps lenders decide whether or not to approve a loan which, in turn, helps you.

A massive amount of debt can occur quickly if you obtain a payday loan you can’t afford. If you don’t feel comfortable with a payday loan lender, keep looking until you find one that’s right for you. Once you build a good relationship with your payday loan company, you can have a positive experience every time you need cash fast.

What are the Responsibilities of a Payday Loan Lender?

A customer has certain standards they would like a company to uphold when doing business with them. That’s true in the payday loan industry too. A prospective customer should feel that their payday loan company is trustworthy and honest. Find a company that puts the customer’s needs above the need to make money. Customer beware. With so many payday loan companies emerging, it may be hard to find a company that is concerned about the customer. 1.A Payday Loan Company Should Always be Truthful – If the company is not upfront about the rates they charge, this should raise a red flag. A payday loan company should never charge hidden fees and should always be trustworthy. Search online about the company to see what other customers are saying about them. 2.Clear and Concise Paperwork – All documents that are provided with your payday loan should clearly outline the amount of the loan, the fee associated with the loan, and the date the loan is due. Always read all documents before agreeing to a payday loan. 3.Superior Customer Service – As with any company you do business with, the payday loan company you choose should have a superior customer service staff that is there to answer all your questions. 4.Reasonable Rates – Choose a company that offers the lowest rates in your area available for short term lending. The rates or fees vary widely among payday loan companies make sure your rate is fair. 5.Helping the Customer – If you find the right payday loan company, they will help you determine the amount of payday loan you can actually afford to repay. There are many companies out there that will give you a payday loan knowing that it will be impossible for you to pay back, which in turn makes them more money. Try to work with the company to come up with the best plan available. You as a customer are ultimately responsible in choosing the right company to service your payday loan. When an emergency pushes the need for an advance in pay, you must do your homework in finding the right lender. Do not let a company talk you into a loan larger than you can afford. And don’t let them talk you into extend your loan which can cost you hundreds more. Find a responsible lender that has their customer’s needs in mind as well as one that provides a sensible payday loan process from start to finish.

With Payday Loan in Hand — The Responsibility Now Falls on You

So you have the payday loan in your hand, now what? Now you need to do what you intended with the loan. There are people who look at a payday loan like extra money when in reality it is money you should be using towards a specific bill.

These short term loans can help you when you are in need of urgent cash. Maybe your paycheck did not stretch far enough to cover all the bills and gas for the week. If you can rationalize paying the fee amount to get your next payday early, then you can consider a payday loan as an option. If you can’t afford to lose any money out of your next check, then you should count change and hope for the best. Payday loans are meant to help in emergency situations when you need fast cash to prevent a financial hiccup.

If you’re considering getting a payday advance, you should weigh all your options first. A perfect payday loan scenario would be: Deciding it’s worth the additional fee to use next week’s paycheck for something that can’t wait this week. In that case you could have the money set aside for this issue.

Perfect Payday Loan Example:

Mary needs to pay her mortgage on time, but her income leaves her $200 short. She knows she can make that money up with next week’s paycheck. Mary finds a payday loan company that will offer her a payday loan of $200 with a $30 fee. She decides that it is worth the $30 fee to pay her mortgage on time (since the late fee for her mortgage is much greater). Result. Mary has her money in 24 hours, her mortgage is paid on time and she is capable of paying off the loan with her next paycheck.

When deciding on a payday loan you must think carefully. Many times people will get in an overwhelming debt because they could not afford the loan to begin with. There are many lenders out there that will take advantage of that and give you a loan you can’t afford. This allows the payday loan lender to add additional fees and keep the loan going sometimes for months on end. Always take your financial responsibility into your hands. Find a lender with low rates and easy terms. Then work with the lender to help decide what payday loan option is best for you.

What Are My Responsibilities as a Payday Loan Borrower?

What Are My Responsibilities as a Payday Loan Borrower? For your payday loan experience to be a helpful one, you should be aware of certain responsibilities that come with a short term loan. A person can easily get in over their head if they use payday loans without thinking about the consequences. 1.Only Use for Unforeseen Circumstances – A payday loan is a short term loan that is available for you to get an advance on a future paycheck. It should be thought of only as means to get out of an urgent situation. Not for day to day living. 2.Know what you can afford to borrow – Although many times the lender will help you with this, you should already know in your mind what amount of loan you can afford. If a lender is offering you a loan on your entire paycheck, it usually is not a good idea. Always leave a cushion for daily living expenses on the week the loan is due. The optimal payday loan is approximately half the amount of your paycheck. 3.Pay Back the Loan on Time – To avoid being put further into debt, you should always pay your loan on time. Some lenders may offer to postpone your loans’ due date if you pay the fee associated with that loan. The problem then occurs that you still owe the loan and the lender tacks on an additional fee. This can cause many problems and could cost you hundreds of dollars more by the time the loan is actually paid. 4.Only Have One Payday Loan at a Time – You should never have more than one payday loan at a time this helps to make sure that you have the means to pay back the loan. If you have two payday loans you may have to use one to pay the other which is not good financial practice. 5.Find The Right Lender – It is your responsibility to research the payday loan company that you would like to use. Find a lender that offers low rates and has the customer in mind and you will get the best results. Once you find a lender you establish a relationship making it easier the next time you would like to apply for a payday loan. When deciding if a payday loan is right for you, follow the guidelines above to help you make the right decision. Payday loans provide hundreds of people a day with the emergency cash they need until next payday. But it also carries a certain responsibility for the borrower.

What’s the Risk of Taking a Cash Advance that is More Than I Need?

Know What You Are Getting Into

What’s the Risk of Taking a Cash Advance that is More Than I Need? If you are asking that question then you may be in over your head already. An advance on your future paycheck should never be taken lightly. A large cash advance will put you in a bad spot when you take out more than you need. Remember, when you get an advance in pay you will be missing that amount of money when the loan becomes due. When you’re already having financial difficulties this can make it much worse.

Budget, Budget, Budget

The biggest mistake people make when getting a cash advance is not figuring the loan amount into their monthly budget. People tend to put it in the back of their minds focusing only on their current troubles. When the time comes to pay back the loan they find themselves broke again. This is where the vicious cash advance cycle comes into play. A person has just enough to pay the current loan forcing them to take out another to get through that week.

Consider The Rates

You also need to consider how much it is going to cost you to get the cash advance you need. Lenders charge anywhere from 15% – 50% of your overall loan. If you were to borrow $100 it could cost you up to $50 in fees! Technically that would be a 50% pay cut on your next paycheck. Even if you are lucky enough to get a lender with a low fee, that’s still a 15% pay cut. Can you really afford that?

Smaller Is Better

The cash advance loan is for an emergency situation when you need a small advance of your pay. Never take a cash advance of your entire check or you will be stuck in the same situation all over again. Don’t mistake a cash advance for a “typical long term loan”. There is no grace period in a cash advance and the lender will require you to pay the balance in 7 to 14 days.

Be Smart

There are always risks when you take a cash advance for more than you need. It is bad enough that you have to resort to this lending solution to begin with. Get in over your head and you end up robbing Peter to pay Paul. Getting one cash advance to pay another will sink you faster than you can swim. Be informed, be smart and budget your finances. Try to come up with an alternative solution to your financial problems before deciding to get a cash advance.

Using a Cash Advance to Pay Rent or Other Monthly Bills

The most common reasons for millions of people a year to apply for a cash advance is to pay rent or other monthly bills. It has become an increasing popular way to obtain money from a future paycheck that you need now. With the cost of living rising faster than cash advance companies you can see where there is a need for this industry. One of the problems with obtaining an advance in your paycheck is the absence of that money later on. Which in turn forces people to apply for another cash advance. This cycle must be avoided whenever possible it can cause heartache for many people living beyond their means.

Every person’s circumstance for needing a cash advance is different it is up to you as the consumer to know what is right for you. A good condition for a cash advance would be Tom’s example.

Tom has been working the same job for years and has a steady reliable income. He missed a couple of days at work last week due to an illness and his employer does not offer sick pay. Tom is a couple hundred dollars short of his mortgage payment, but it must be paid on time or it will affect his credit. Tom knows that he will have a full paycheck the week after, so he does some research into obtaining a cash advance. The cash advance company offers Tom a two hundred dollar loan with an added thirty dollar fee. Tom thinks it is worth thirty dollars to pay his mortgage on time. So he takes the loan knowing he can afford to pay it back.

Now there are times when a cash advance would not be the best solution. For instance read Bill’s example.

Bill is on a fixed income of three hundred dollars a week and many of his monthly bills are behind. Bill struggles every week to scrape up enough money for groceries after his essential bills are paid. Bill inquires about a cash advance because he feels he is in over his head and needs some catch up money. A cash advance company offers Bill a loan of two hundred and fifty dollars against his next paycheck with an added fee of forty dollars. Bill is able to get caught up for that week, but when his loan becomes due it leaves him with a mere sixty dollars, a far worse situation than he was in before the cash advance. Bill is given the option to “extend” his cash advance another week if he pays the forty dollar fee. Bill agrees and the lender adds an additional forty dollars. And Bill stays in the exact same predicament.

It is common for people to use a cash advance loan to pay monthly bills that are due. You should always evaluate your particular position and decide if a cash advance can help you or hurt you. These loans are short term emergency solutions and can not be depended on for daily living expenses. In short, a cash advance won’t pull you out of debt, it will just help you get by for a week.