DebtWave Credit Counseling Offers Alternatives to Payday Loans
San Diego, CA (ContentDesk via ContentDesk Direct) December 19, 2005 -- DebtWave Credit Counseling is a non-profit 501(c) 3 organization that provides personal-finance education and counseling nationwide.
In a time when consumer debt is at an all-time high, its quite common for an individual without adequate savings and planning to run out of money before their next paycheck. Many of these individuals are lured by the catchy television and radio ads by companies claiming to help people bridge the gap between paychecks for a small fee. The truth is that these payday lenders can be the most expensive loans on the market, often charging fees that equate to 300-1000% annual percentage rates.There are, however, a number of other options that are far less expensive:*Create a Spending Plan or Budget Make a realistic budget, and figure your daily and monthly expenditures. Keep a daily journal of your expenses.
Many times this will uncover unnecessary purchases that can be very costly. Also, having an emergency fund or savings can help to avoid borrowing for unexpected expenses. For example, by putting the amount of the fee that would be paid on a typical $300 payday loan in a savings account for six months, you would have extra dollars. This can give you a buffer against financial emergencies and gaps between paychecks. Many non-profit credit counseling organization offer budgeting assistance at little or no cost.
*Advances from EmployersSome employers grant paycheck advances to employees. Because this is a true advance, and not a loan, there is no interest and the advance is therefore cheaper than a payday loan.*Emergency Assistance ProgramsMany faith-based groups and community organizations provide emergency assistance, either directly or through social services programs. For example, in partnership with state agencies, the federal Low Income Home Energy Assistance Program provides financial assistance to low-income households that are in a heating or cooling (weather) related emergency. *Credit Union Loans Many credit unions offer small, short-term loans to their members. For example, North Carolina State Employees' Credit Union offers members a salary advance loan at 11.75% annual interest -- 30 times cheaper than a typical payday loan.
Some credit unions also offer free financial counseling and a savings plan to help members get back on their feet. Many other credit unions offer very low interest rate loans (prime to 18% annual interest) with quick approval on an emergency basis. Unlike payday loans, these loans give the borrowers a real chance to repay with longer payback periods and installment payments. *Cash Advances on Credit CardsCredit card cash advances, which are offered at about 30% APR, are much cheaper than getting a payday loan. Some credit card companies specialize in consumers with financial problems or poor credit histories.
Consumers should shop around and not assume they do not qualify for a credit card. *Military LoansSeveral companies offer loans ranging from $500 to $10,000 to active duty and retired military personnel. Payday loans are 10 to 13 times more expensive than these small consumer loans. These loans cost less than payday loans because they have much lower APR, ranging from 33% to 34.99%. *Small Consumer LoansSmall consumer finance companies offer small, short-term loans that cost up to 60% APR, usually in the range of 25-36% APR.
These loans are also much cheaper than payday loans; a person can borrow $1000 from a finance company for a year, and pay less than a $200 or $300 payday loan over the same period. The individuals that Ive spoken to over the years have had a bad experience with payday loans.
For the most part payday loans charge very high interest rates, said Rita Mayo, Senior Credit Advisor for DebtWave Credit Counseling.
It's very difficult to pay back this type of debt, and many people feel that they are caught in a vicious cycle. For additional information about this subject, contact Jason Cash or visit www.debtwave.com under the education tab.About DebtWave Credit CounselingDebtWave Credit Counseling is a 501(c) 3 Non profit organization committed to educating individuals on the proper use of credit through budget management, to offer sound counseling and to assist clients to reduce and eliminate debt. DebtWave is a member of the Better Business Bureau and the American Association of Debt Management Organizations.Contact:Jason Cash, Director of EducationDebtWave Credit Counseling(888) 285-7624 ext.150.
Mortgage Calculation is Easy with the New Datexx DH-170FS Just $20
(ContentDesk) June 29, 2005 -- Step by step instructions make it easy to calculate mortgages, auto loans, profits, taxes, savings plans, and a host of other daily financial data with the Datexx©:.
The functions are simple and clearly labeled -- use the manual once, and you're ready to "fly solo" on most calculations. Combining the beauty of a modern, easy to read keypad, with the brains of a full function business calculator, this new unit also offers currency conversion, a 3-key memory function, an integrated, flip-down stand for easier viewing, and
it's own "hard cover" slip-in storage case. Everyday and even complex calculations are made easy with the Datexx DH-170FS.Six dedicated macro keys take you directly to common solutions. You don't need a degree in finance.
Anyone can do it. No need to invest in high end financial calculators for each sales rep.
Save confusing training time and money. It is a simplified solution and it costs only $20...
Financial planning > Mortgage Calculation is Easy with the New Datexx DH-170FS Just $20
Scholarship Search ? How to find free money for college
College students receive billions of dollars in scholarship money every year. How can you get some of this money to fund your college education?Start looking earlyStart looking for scholarships at least by your sophomore or junior year in high school. Some scholarships are even awarded as early as junior high. Where to look? Your first stop should be your high school counseling office, followed by your college financial aid office. Other places to look include
- Civic and community organizations
- Cultural institutions
- Your parents' place of employment
- Your state Department of Education
- The internet
Many scholarships need to be renewed annually, and you may qualify for new loans throughout your college years.Develop your interestsWhile some scholarships are based on financial need or academic achievement, others are based on particular interests,...
Scholarship Search ? How to find free money for college
Financial planning > Scholarship Search ? How to find free money for college
Scholarship Search ? How to find free money for college
College students receive billions of dollars in scholarship money every year. How can you get some of this money to fund your college education?Start looking earlyStart looking for scholarships at least by your sophomore or junior year in high school. Some scholarships are even awarded as early as junior high. Where to look? Your first stop should be your high school counseling office, followed by your college financial aid office. Other places to look include
- Civic and community organizations
- Cultural institutions
- Your parents' place of employment
- Your state Department of Education
- The internet
Many scholarships need to be renewed annually, and you may qualify for new loans throughout your college years.Develop your interestsWhile some scholarships are based on financial need or academic achievement, others are based on particular interests,...
Scholarship Search ? How to find free money for college
Financial planning > Scholarship Search ? How to find free money for college
Choose Full-Service Banquet Facilities for Weddings, Anniversaries, or Reunions
Maybe your daughter has come to you starry-eyed and announced her engagement, talking about all kinds of plans for a big, splashy wedding. Or your parents are looking forward to their golden wedding anniversary, and as the "glue" that binds the family together, you're being looked upon by your brothers and sisters, cousins, aunts and uncles as the natural choice to pull off a big anniversary party. Maybe you're responsible for a long-awaited family reunion, or a reunion of your husband's army buddies, or the annual firefighters' association banquet?.
Reasons for throwing a major social event are infinite. The trouble is, pulling together a wedding reception, anniversary party, or reunion can be a complicated affair. Renting and decorating a banquet hall, finding entertainment, hiring a caterer, choosing the menu, creating and sending invitations ? all take time as well as money; and with the busy schedules we all lead today, it can be a major commitment of energy as well...
Financial planning > Choose Full-Service Banquet Facilities for Weddings, Anniversaries, or Reunions
Poker rooms in Las Vegas
Friday night poker will never be the same once you get a taste of playing poker in Las Vegas. Being an avid poker player since childhood (yes we were taught to play cards as children in our family), we have risen to new heights with playing in the sumptuous poker rooms in Las Vegas. Poker has come to the attention of the younger set and is probably one of the most favorite ways to gamble at the moment.Poker tournaments abound in Vegas, and guaranteed you'll find a poker tournament going on every...
hotels Poker rooms in Las Vegas
Financial planning > Poker rooms in Las Vegas
Using Streak Free Window Cleaners for a Beautiful View
Nothing instantly brightens up a room more than clear, clean, spotless windows. And sometimes it seems nothing is more unattainable than clear, clean, streak free windows. Everyone has a word of advice to share on what works best: "Wash them with old newspaper", "try vinegar", "use coffee filters", "mix water and vinegar with baking soda and wipe with newspaper followed by coffee filters?", and so on. Who hasn't tried out any of these ideas on their windows? But in all honesty, there is no getting...
Using Streak Free Window Cleaners for a Beautiful View Financial planning vacuum cleaner DebtWave Credit Counseling Offers Alternatives to Payday Loans
Financial planning > Using Streak Free Window Cleaners for a Beautiful View
Different Kinds of Term Life Insurance
If you're considering term life insurance, keep in mind that there are many different kinds of term life insurance. This includes decreasing term insurance, increasing term insurance, increasable term insurance, decreasing term insurance and renewable term insurance among many. It's important to find the type of term life insurance that fits your needs best.
Decreasing term life insurance reduces the coverage of the policy year on year. The policy holder usually requires the cover...
Financial planning > Different Kinds of Term Life Insurance
Spartan Environmental Technologies Appoints R C Beach and Associates as its Exclusive Municipal Representative in the State of Florida
(ContentDesk) November 19, 2005 -- Spartan Environmental Technologies, a distributor and manufacturer of chemical oxidation and disinfection equipment, has appointed R C Beach and Associates its exclusive municipal representative in the state of Florida.Spartans product line includes a full range of ozone generators, odor control systems and a proprietary electrolytic system for the removal of organics from water. Additional information on Spartan and its products can be found at the Spartan...
Financial planning electric generators
Financial planning > Spartan Environmental Technologies Appoints R C Beach and Associates as its Exclusive Municipal Representative in the State of Florida
Financial planning
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