Payday Loans Direct Lender: Alternative Money for Credit Card Troubles

When plastic paves the way to the checkout line, a payday loans direct lender service can often be the next avenue for help when emergencies pop up. Poor credit utilization rates are a driving factor for folks to turn to alternative money. High priced loans are convenient, but not always the best solution for every borrower.

Financial experts would never suggest payday loan direct lender services as a key ingredient to planning a budget, but it is hard to argue the success rate some borrowers have with them. Once credit scores have dropped and other options are no longer available, it feels good to have a place to go for help. Many potential payday loan lender customers appreciate the help. When a person has a positive financial perspective towards their debt the short-term loan cost is not so bad. Money troubles happen to everyone. Even good people have bad debt. Look at the big picture and make a plan to take care of it.

There are many people who have had their credit card abuse lead them to payday loans. It isn’t a bad strategy to use credit cards for purchases. Many people use them for extra purchasing protection. It helps organize and track spending. The problems begin when the payoffs are not as organized or well planned. Leaving credit card debt out for lengthy periods of time is not only an expensive plan but it will eventually bring trouble into the rest of your financial needs. The bigger the debt grows, the fewer open options will be available when you really need emergency help. Proper money management should keep these figures balanced so the debt helps build credit not hurt it. Once your score begins to drop because credit utilization is too high, troubles begin. Then what?

When there is no savings account to help with those unexpected money emergencies direct payday loan lenders are used to work through the trouble. When there is a payoff plan instilled and followed, these loans are a great way to help stop more money troubles. A tip for credit card users is to save one of your cards for emergencies so that alternative money is not the only option. It makes perfect sense to use lower interest third party money when solving financial problems. Make an honest effort to keep one card aside. It will save you money in the end.

Use basic financial strategies in order to protect any future needs for money help. It is important to live within your means. Set your budget according to your take-home pay and make expenses fit into the mold rather than using outside cash to service any excess. Save! When you have your own savings account, you won’t need to worry about overusing credit cards or having to apply for payday direct loans.

Never say never when it comes to short-term loans. The best policy for alternative money options is to plan how not to use them and when things go wrong, know your options well. Some people who fail with short-term loans are often confused or don’t fully understand the terms and services. It is always best practices for borrowers to have a complete understanding of what is expected of them. Every lender and creditor will differ in some way or another, so militarize yourself with each of your credit cards and research the best payday direct lender before you become desperate for quick cash. Use money services as needed (this includes credit cards, the number one money troubles of households today). It’s what they are there for. Don’t become reliant on them, that is where money troubles begin. Learn to rely on your own income to live life. It is the most cost effective way to secure financial freedom.

Article Source: http://EzineArticles.com/8232893

Use A Payday Loans Direct Lender to Make A Positive Change

Credit challenged borrowers struggle when trying to get help for an unbalanced budget. What happens when there is a pressing need for fast cash and credit cards are no longer useful? Many people seek the help from a best payday loans direct lender when there are no friends or family to turn to. A short-term loan is not necessarily a favored option because they do carry a high interest charge and can be a struggle to pay back. The fact that there is an option at all is what makes these loans favorable. Sometimes people just need an open door to turn their finances around and a payday loan does the trick.

Just because these loans carry a high interest charge does not make them a poor choice. Don’t ever go into one blindly. It is very important to ask all the questions directly to your payday loans lender so you understand what kind of fees you will face when paying the money back. If you go by only what you have heard from other borrowers, you may get the wrong impression or go into the loan with a distorted view. Get the real facts for yourself.

A responsible direct payday lender will have a professional staff to help you understand the process. Make a list of questions at home and bring them with you so you don’t forget one. Your whole purpose to apply for a short-term loan is to take advantage of an alternative money option when credit challenges closed the others. These loans are small, based on your total monthly take-home income, in order to make them affordable. This does not mean that it will be easy to pay it back. You have to consider your current finances as well as project into the following months to figure out a plan to pay it back. Think positively, you will have the best results that way.

You can grumble about the fast payoff or you can be thankful to have the opportunity to get fast cash. This lender is not what put your finances into a credit challenged position, but this loan could prevent you from making it worse. In order to take full advantage of this opportunity, you will want to make every effort to get it paid back as soon as possible. It can be your gateway to a financial second chance.

What do you need to know before you use a payday loans direct lender?

1. How much money can I borrow?

2. What are your fees?

3. Do you have payment options?

4. What happens if I cannot pay?

It is always good to know the consequences just in case some other money emergency pops into your life and the payday loan payment must be placed on hold. You have to weigh your options. Is it best to stick to the payment plan or would an extension be more cost effective? When you know all the fees involved, you can calculate the final cost for each scenario and figure out what works best for your personal finances.

When you have an opportunity to make a change for the better, take it and take care of it. Falling behind on a payday loan is an expensive mistake. This money is fast. You pay to get a fast payday loan to solve emergency problems so take care of the debt quick in return. Borrow, sell or earn the money to get the payment out the door and get you back on your feet. Credit challenges have put you in a vulnerable position, but it doesn’t mean that you have to stay there.

Article Source: http://EzineArticles.com/8278891

Four reasons SA consumers will face debt crisis in 2016

Several forces are creating the “perfect financial storm” to lead many more South Africans towards cash flow shortages in 2016, Debtbusters CEO Ian Wason said.
stevepb via
stevepb via Pixabay
Debtbusters has recorded a 113% increase in enquiries about debt counselling so far in December, compared to last year. Wason is predicting the situation is only going to get worse. He points out four key reasons why the debt stress of cash-strapped consumers will increase even more.

Increasing tax burden

Wason predicts there will be no income tax relief on the horizon for middle- and upper-income earning consumers in 2016. He believes any tax hikes will only make these consumers more financially vulnerable.

“Middle- and upper-income earners are some of the most financially constrained South Africans. They have houses, cars and ample monetary commitments, such as school fees and mobile contracts,” said Wason.

“These consumers have these possessions because they have borrowed money to make purchases and have already been impacted by two repo rate increases in 2015. Any tax increases will directly impact their level of disposable income and will only make it harder for them to service their financial commitments and absorb another repo rate increase.”

Interest rate increases

The recent weakening of the rand, tighter monetary and fiscal policy and the inflationary impact of possibly the worst drought in South Africa’s history will likely lead to additional hikes in the repo rate by the SA Reserve Bank at the start of 2016. This could be a tipping point for many consumers after their festive season spending, in Wason’s view.

In addition, consumers can expect their cash flow to be squeezed by other price increases in items such as food – due to the drought – electricity and water. “The weakening economy – and an increased risk of unemployment added to the mix – sets the scene for a potentially bleak start to 2016,” said Wason.

More difficult to get a loan

New interest rate caps introduced by the Department of Trade and Industry will make it even more difficult for borrowers to obtain loans in the future, according to Wason. While low-risk consumers will be paying less in interest and fees, lenders will be using more stringent risk models to evaluate customers’ creditworthiness.

“As soon as the new regulations regarding limitations on fees and interest rates come into effect in May 2016, lenders will be taking on more risk for less money and are, therefore, bound to decline riskier borrowers,” said Wason.

As lenders start scaling back on who they lend money to, even fewer people will qualify for loans, and consumers who are dependent on short-term loans for survival will find themselves in a “cash flow drought” with “nowhere left to turn”.

DebtBusters’ Debtometer report for the third quarter already shows significant changes in the South African lending landscape, with a decrease in banks’ share of overall debt. This confirms that banks have scaled back on lending, according to Wason.

Consumer debt scales tipping to the bad side

In Wason’s view, South African consumers are addicted to shorter-term expensive debt and do not seem to care about or understand the costs. “This addiction – driven by desperation for cash – has led to the increase in payday loans. Almost two million South Africans rely on payday loans every month, according to the latest Consumer Credit Market Report (CCMR),” said Wason.

What is even more concerning to him is that payday loans between R5,000 and R8,000 have increased by 557% this year. The CCMR also indicates that only 58% of unsecured accounts are up to date – the lowest on record.

The latest Debtbusters Debtometer report shows clients required 102% of their net income to service their debt before paying for any living expenses.

Source: Fin24

Credit lender supports tighter regulation for industry

While the National Credit Amendment Bill faces strong opposition from many credit lenders, a voice from within the burgeoning payday loan industry is emerging in support of stricter regulation.
Credit lender supports tighter regulation for industrywanna loan? is positioning itself as the flag bearer of responsible lending and says that tighter regulation will protect South African consumers from reckless lending that leads to over-indebtedness.

“A well regulated environment will help to rid the industry of unscrupulous lenders who’ve caused the industry’s reputation to become tarnished over the years,” says Nathan January, CEO of wanna loan?

January says he welcomes proposals in the National Credit Amendment Bill which will give consumers more protection, as it will encourage competitiveness within the industry. But that’s not to say that there aren’t aspects of the Bill that will not adversely affect consumers.

“Should the National Credit Amendment Bill be enacted in its current form, consumers who make use of online lending will no longer enjoy the benefit of automation that this platform provides. Essentially what this means is that innovation will be taken back to an era where customers will be required to submit documentation manually.”

There are close to 21 million credit active consumers in South Africa, and 85% of them access credit from banks. wanna loan? markets itself to the balance of the population, mostly customers who are in full-time employment and earn above R10 000 a month.

These customers have access to the internet or a smart phone and can effectively apply 24/7 to wanna loan? for credit of between R500 and R3000 through encrypted web and mobi site. The technology currently allows them to enjoy the benefit of quick turnaround time and instant gratification because the entire loan application process is automated.

Stringent affordability assessments

However, the proposal to impose more stringent affordability assessments will negatively impact these consumers in three ways: convenience, user experience and turnaround time. This might in fact lead to the unintended consequence of pushing some consumers to informal borrowing, i.e. loan sharks, thereby exposing them to more risk. January suggests that this particular proposal be reviewed, or scrapped.

Overall, January welcomes the spirit of the amendments and adds that the responsibility also lies with the industry to educate consumers and to ensure that it is self-policing in order to protect customers and itself.

At wanna loan? customers undergo a comprehensive application and online credit check which is followed up with personal contact via a telephone call.

“We are the only payday lender in the South African market that calls customers up after each application,” says January. “The telephone call serves as verification that the customer understands the costs involved and that they can actually afford the loan. We have also set a cap on number of loans per customer.”

He concludes, “We are doing our utmost to avoid becoming complicit in a practice that keeps consumers enslaved to debt. Our business philosophy is to provide access to short term credit for everyday needs and unexpected expenses”.

Tougher lending criteria force entrepreneurs to look at alternative funding

With South Africa’s current economic climate it is no wonder that business loans are so difficult to get. Even large institutions like Standard Bank and First Rand are cutting back the number of loans that they make.
Unemployment numbers are staying over 25%, and the mining sector has been seeing strikes and fighting. To make matters worse, the nation’s economy is affected even further by the falling gold and silver prices seen in the commodities market so far this year. For small businesses that are looking at financing choices, traditional options may not be available right now.

For many people, this is the end of their dream. New businesses fail to get started, and existing businesses fail to thrive or expand. For the savvy business owner, however, there are a number of options to fall back on when traditional lenders are not willing to lend.

Many times, one of the best places to look for funding is through old business colleagues. This isn’t just about asking friends and family for money. This is about incorporating people with real-world experience in your industry to help and partner with you on your new project. After working for years in the marketing industry you want to start your own firm? There are few better people to ask than a former colleague who can oftentimes offer not only funds, but also useful experience and guidance.

Peer-to-peer lending networks

Around the world, websites enable private individuals to lend funds to others who are searching for non-traditional loans. These peer-to-peer lending networks have taken off in popularity in the United States in recent years following traditional lenders having imposed much more difficult restrictions on obtaining loans following the country’s economic recessions. Sites such as Proper and Lending Club aren’t small time enterprises either – in 2012 Lending Club handled over US$800 million in loans. In 2013, they are hoping to increase that number to over US$2 billion.

In South Africa, the market for personal lending is not quite yet as large as it is overseas. This is likely due to strict government regulations and laws that affect such services. Just this past year, however, RainFin, South Africa’s peer-to-peer lending service opened up and has been providing numerous loans to those in need. Borrowers can access between R100 and R500,000 to suit their needs.

This is a win-win situation all around as companies are able to acquire funding that they couldn’t from conventional banks, and private investors are able to receive a higher return on their funds than they could in many other investment avenues such as stocks and bonds.

No credit check short-term lenders

Another option that can be used when you need money right away, often for immediate cash flow issues with your business, are lenders which offer short-term loans with no credit check. These companies don’t charge the same rates as micro-term payday loan lenders, which makes them more ideal for loan repayment terms of up to twelve months. In addition, there are some lenders who will even loan you up to R120,000 without any kind of credit check.

There are negatives though – these short-term lenders do charge much more interest than their traditional counterparts and may not be a good choice for your company’s long-term survival. Think of them more as a crutch that you are able to lean on during the direst of financial situations.

Thanks to more stringent lending criteria than we’ve seen in years, it has become very hard for many individuals and businesses to obtain traditional loans. If you’re trying to fund a new business venture, or attempting to patch your cash flow to keep your current venture solvent, scouting out alternative funding solutions may be necessary. Meeting with old co-workers who have real-world experience in what you’re trying to do may be your best bet for long-term capital, but the internet has made peer-to-peer lending networks and short-term lenders available at your fingertips for any of your loan needs.

No Teletrack Payday Loans Direct Lenders – Way To Get Easy Cash

The online lenders provide you no teletrack payday loans in your fiscal monetary to solve your financial crisis. These loans are offered for those borrowers who are suffering from their financial problems. In that case these loans are utterly helpful for your highly urgencies. That’s why, by taking the help of these loans you will be able to carry out your desires and can solve your economic situations such as pay your child’s education fee, water bills, utility bills, electricity bills, hone renovation, installments of your house, your next payday, grocery bills, buying a computer for education of your child, car repayment and so on.

So, with these loans you can get rid of your fiscal situations and get the amount in the range of $100 to $1500 for the repayment duration of 14-31 days. If you take the amount from online lenders, you have to pay it back on your due date until your next payday as they provide payday loans without teletrack at flexible term of repayment. If in any case you are not able to pay back the amount at your due date, you will have to pay with some extra charges to the lenders. If you can avail the loan directly by no teletrack payday loans direct lenders in fact without any botheration of faxing any documents or direct lenders don’t ask about your credit history that you are tagged such as CCJs, IVA, bankruptcy, insolvency, not on time payment, skipping of installments, default, arrears and many more. After having all these you have no need to panic any more.

You can apply for no teletrack payday loans direct lenders by filling an online application form by providing some of your basic data like your personal information and about your banking information that you have an active current account balance. If you have a current checking account, then the money will be directly transferred into your mentioned account and you will meet your financial crisis within 24 hours. There are so many lenders available online but make your decision very clear according to your debts. No teletrack payday loan is a short term and unsecured loan in nature. Therefore, the interest is bit high in the comparison of other loans.

Payday Loans Direct From The Lender – Better?

Many people ‘quiver in their boots’ when they imagine what will happen if they don’t seek out external sources for cash when money gets real thin! So many today are looking for a great deal where it doesn’t ‘break their bank’ in order to borrow short term.

Nowadays, there are so many excellent values online when it comes to payday loans; because these lenders are required to maintain competitive pricing structures more than they ever have been required of before. Several years back, your only option was to go down to the offline payday lender, and reveal your identity to someone who may know you, or knows of you.

Fortunately, these days are all but over, and what we are strictly focused on now, is whether the value is there for the time and money we spend getting this cash altogether. Payday loans direct from the lender have been traditionally better as a whole because their flexibility with you, is much more enhanced!

They can extend the time frame of payback, they usually charge the minimum for the entire transaction, and maximize your capability to receive the most money available by law. These reasons are clearly advantageous to you the consumer as opposed to not going with a direct lender and taking your chances.

Literally, one half of all payday loan website entry pages online are not direct lender based and these are basically called ‘middle pages’ that collect your information and then pass it down to a potential listing of lenders. Unfortunately, you don’t know many times who you are dealing with and worst yet, don’t know whether your going to get good customer service, if any at all!

Your more than likely going to get ‘top notch’ customer service if you get a direct lender payday loan and this is by far one of the primary reasons people flock to sort of online lender.

If you feel that this is in your best interest (which you should), then seek out a payday loan direct from the institution itself, instead of playing with your time and money!

Cash Payday Loan – ‘hi-tech’ Online Lenders

Cash is becoming an extinct commodity of sorts where people practically never seemingly use it like they used to. The cash payday loan allows you to quickly retrieve this resource readily via a simply withdrawal at the bank after the transaction is completed.

This is no more evident than online as lenders are pushing the limits of time and terms in order to appease their ever increasing customer base. What are they using in order to stay ahead of the ‘brick and mortar’ competition? Speed, cost efficiencies, and privacy are becoming their biggest assets and weapons to keep people borrowing online as opposed to leaving the house.

These ‘hi-tech’ lenders are becoming more prevalent in the whole scheme of things but there are very few that can accomplish what a direct lender can. They can issue a cash payday loan under optimal conditions for you the borrower because they are the bank!

Doing business with this sort of online entity puts you in a much more ‘straightforward’ position overall and potentially allows more flexibility in your terms. Being open to this type of lender is only going to assist you in your quest for cash as opposed to doing business with merely anyone.

Today, your maximum wait times are usually no more than one day with most lenders online but some still surpass this industry standard for whatever reason. Moreover, the payday cash loan can be obtained in as little as 60 minutes because technologies have allowed for improved processing times, wider bank acceptance of wires, and better overall internet infrastructures that accentuate security and timeliness.

Cash advance payday loans are definitely here to stay, and their overall values have risen dramatically since the ‘global economic meltdown’! Attempt to realize this value with a free application from a recognized lender online who can really help you when you need it.

Direct Payday Lenders

Before you commit to one payday loan, you are recommended to search for the lowest interest rates in the market. First, you have to make a decision after you compare different quotes for a payday loan, which you will find that there are many different rates out there to choose from. That is why it is best to apply for a payday loan through direct payday lenders.

While searching the payday market, remember to ask about any hidden charges that are not straight forward. It is very important to read the terms and conditions for this reason. Some companies will charge an excruciating high interest fee, along with initial processing charges. You need to add up the total cost at time of repayment before you apply for a loan. On the internet, you will be able to find any information you need about payday loans. There are many competitive lenders on the World Wide Web who offer lower rates to get your business.

An internet search is the solution to finding the best deals possible. There is an excessive amount of possibilities to choose from. That is why you do business with a direct payday lender, which will save you both time and money. You can avoid unexpected charges in this manner, and you will be ensured that you are dealing with a legitimate company.

When applying for a payday loan with a direct payday lender, you should borrow only the amount you need, because you will have to pay interest charges. The higher amount you borrow, the higher the interest charges will be.

To sum it all up, you should always apply for a payday loan through a direct payday lender. You can research online to find the most competitive prices.

No Teletrack Payday Loans Direct Lenders – Way To Get Easy Cash

The online lenders provide you no teletrack payday loans in your fiscal monetary to solve your financial crisis. These loans are offered for those borrowers who are suffering from their financial problems. In that case these loans are utterly helpful for your highly urgencies. That’s why, by taking the help of these loans you will be able to carry out your desires and can solve your economic situations such as pay your child’s education fee, water bills, utility bills, electricity bills, hone renovation, installments of your house, your next payday, grocery bills, buying a computer for education of your child, car repayment and so on.

So, with these loans you can get rid of your fiscal situations and get the amount in the range of $100 to $1500 for the repayment duration of 14-31 days. If you take the amount from online lenders, you have to pay it back on your due date until your next payday as they provide payday loans without teletrack at flexible term of repayment. If in any case you are not able to pay back the amount at your due date, you will have to pay with some extra charges to the lenders. If you can avail the loan directly by no teletrack payday loans direct lenders in fact without any botheration of faxing any documents or direct lenders don’t ask about your credit history that you are tagged such as CCJs, IVA, bankruptcy, insolvency, not on time payment, skipping of installments, default, arrears and many more. After having all these you have no need to panic any more.

You can apply for no teletrack payday loans direct lenders by filling an online application form by providing some of your basic data like your personal information and about your banking information that you have an active current account balance. If you have a current checking account, then the money will be directly transferred into your mentioned account and you will meet your financial crisis within 24 hours. There are so many lenders available online but make your decision very clear according to your debts. No teletrack payday loan is a short term and unsecured loan in nature. Therefore, the interest is bit high in the comparison of other loans.