Siding services – Weyer Claims http://weyerclaims.com/ Tue, 21 Jun 2022 12:22:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://weyerclaims.com/wp-content/uploads/2021/10/profile-120x120.png Siding services – Weyer Claims http://weyerclaims.com/ 32 32 How Payday Loan Consolidation Works https://weyerclaims.com/how-payday-loan-consolidation-works/ Tue, 21 Jun 2022 12:22:00 +0000 https://weyerclaims.com/how-payday-loan-consolidation-works/ Payday lenders offer small, short-term loans to borrowers who need cash fast. Usually, you won’t have to submit to a credit check to obtain funds, and your payment will be due in two to four weeks. But many borrowers are unable to repay their payday loans in a single two to four week period. This […]]]>

Payday lenders offer small, short-term loans to borrowers who need cash fast. Usually, you won’t have to submit to a credit check to obtain funds, and your payment will be due in two to four weeks.

But many borrowers are unable to repay their payday loans in a single two to four week period. This can make already expensive debt even more expensive, especially if you have multiple payday loans. To get out of the payday loan cycle, consumers can consider a payday loan consolidation.

What is Payday Loan Consolidation?

When you consolidate payday loans, you combine multiple loans so that you can make one payment on your debt, instead of many.

“I would define a payday loan consolidation as any method that allows you to escape the payday loan cycle,” says Omari Hall, learning experience designer at GreenPath Financial Wellness. The payday loan cycle, says Hall, is the experience of being forced to repay the full amount you borrowed in a short period of time with high interest.

You can consolidate payday loans by taking out a consolidation loan or using a debt management or debt settlement program, says Anissa Schultz, director of debt management at the Credit Advisors Foundation.

What is the best way to pursue payday loan consolidation?

The appropriate choice depends on your situation, but you have options.

Debt consolidation loans

“This usually involves a credit check, which limits the availability of people with severely compromised credit, but it’s probably the best option,” says Martin Lynch, director of education at Cambridge Credit Counseling and chairman of the Financial Advisory Association of America. “I know replacing one loan with another doesn’t seem appealing at first glance, but if you can get a much better interest rate and only a moderately extended term, then you’re better off.”

Consolidation loans usually show up on your credit report, unlike payday loans. Paying off a consolidation loan on time and in full can improve your credit score in the long run, Lynch says.

However, there can be risks in taking out a new loan. For the rare payday loan borrower with a decent credit score, a consolidation loan is a good way to stop high interest rates, Schultz says. But borrowers who start to default on consolidation loans might find themselves returning to payday loan companies for funds to repay their consolidation loans. “Borrowing is not a good way to get out of debt,” Schultz says.

Debt management plans

Working with a credit counselor as part of a debt management program or getting a bank loan can be a good place to start, depending on your situation, Hall says, though he notes that payday loan borrowers may struggle to qualify for traditional loans.

“In many cases, people who find themselves in these payday loan cycles often don’t have super great credit, so a traditional bank loan would be available to them,” Hall said. At the same time, banks may not offer loans for low balances, such as $1,000.

Instead, consumers can consider debt management. This process involves a financial advisor who will work to reach an agreement with your creditors, according to the National Foundation for Credit Counseling. Your credit report will include a note indicating your participation in a debt management plan, although the NFCC says this won’t hurt your credit score, and completing a DMP should help your credit score in the long run.

A DMP could prevent additional charges from piling up on your debt, among other benefits. You may pay a monthly maintenance fee to participate in the debt management program, but that amount will pay off, especially for consumers accustomed to paying high interest rates, Hall says.

Debt settlement

A debt settlement company may try to come to an agreement with your creditors that you pay less than you owe. But debt settlement is not right for everyone, and you need to be aware of the risks.

Settling a batch of payday loans signals to lenders that they’ll only get some of their money back if they lend to you, Lynch says. “That’s why the settlement is really a credit killer in that it alerts lenders to the thought that we may only get some of our money back. That’s a terrible signal to send.” Other negatives include “extraordinarily high” settlement fees and a chance of being sued, Lynch says.

What are the pros and cons of payday loan consolidation?

This section will focus on debt consolidation loans and DMPs. Keep in mind that the pros and cons may vary depending on your situation and how you go about consolidating your payday loans.

Advantages of consolidation loans:

  • Lower interest rates. Payday loans can have annual percentage rates of 400% or more, while traditional bank loans or online lenders can offer much lower rates.
  • Different loan structure. A consolidation loan is an installment loan, so borrowers don’t get “sucked into this vicious circle of, ‘Oh, I’m only paying part of the interest, and you’re going to apply my principle’, and then it just keeps going roll out of control and it looks like they’ll never be able to get out of it,” Schultz says.
  • Longer terms. A consolidation loan can give you more time to pay off your debt than the two to four weeks you have with a payday loan.

Disadvantages of debt consolidation loans:

  • You may not qualify. Consumers may not meet lenders’ requirements for income, credit score and other factors. You may also not be looking to borrow enough money to qualify, depending on a lender’s minimum loan amount.
  • Usually requires a credit check. When you apply for a consolidation loan, the creditor will usually do a thorough investigation of your credit report, which can lower your score. “Because they’re looking to expand their finances, they’re going to do a thorough investigation, and that’s going to lower their credit score,” Schultz said.

  • Can block accounts from going to collections. Using a debt management program can help borrowers avoid hearing from debt collectors.
  • Can offer borrowers better loan terms. Lenders may agree to reduce borrowers’ monthly payments and stop adding fees to the balance, for example.
  • Can help borrowers with other financial matters. Getting a DMP involves working with a nonprofit credit counselor, who can help you with other aspects of your financial life, not just your payday loans.

  • Lenders are not required to participate. Although most payday lenders participate, “payday loan companies are unfortunately not mandated to work with credit counseling organizations and their joint clients,” Schultz says.
  • Lenders are not required to make concessions. Credit counselors “can’t necessarily get benefits from payday lenders,” Lynch says, although payday lenders almost always receive payments.

What are the other options for getting out of payday loan debt?

Consolidation loans and DMPs aren’t the only ways to get out of payday loan debt. Borrowers might also consider options such as:

  • No Fee Extended Payment Plans. More than half of the states that allow payday loans also require lenders to offer extended payment plans at no cost, according to the Consumer Financial Protection Bureau. These plans vary by state, but they allow borrowers to extend the term of their loan without paying additional fees.
  • Credit card. The average APR for credit cards in the US News database is 15.56% to 22.87%, so paying off payday loan debt with a credit card will also provide a rate of lower interest. If you can get one, a 0% APR credit card lets you pay off your balance interest-free for an introductory period.

Consumers struggling with payday loan debt are not alone. “Falling into this cycle of debt isn’t something you should necessarily be ashamed of,” Hall says, noting that in some communities there aren’t many other options. “A lot of my work is focused on the black and brown community, the inner city inner city community, and it’s a fact that these payday loan companies are much more prevalent in those communities than they would be. in other more established or more supported communities.”

And there are options for getting out of debt. “This is not a situation where there are no options or no (means) to escape,” Hall said.

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Amy wanted to get rid of 34HH boobs until she found OnlyFans and made £40,000 in a month https://weyerclaims.com/amy-wanted-to-get-rid-of-34hh-boobs-until-she-found-onlyfans-and-made-40000-in-a-month/ Sun, 19 Jun 2022 13:20:59 +0000 https://weyerclaims.com/amy-wanted-to-get-rid-of-34hh-boobs-until-she-found-onlyfans-and-made-40000-in-a-month/ A woman who wanted a cut to stop people staring at her 34HH boobs is now earning £40,000 a month on OnlyFans and has paid off her family’s total debt of £130,000. Amy Sophia, 27, from Leeds, was so insecure about her ‘huge boobs’ that she used to try to hide her figure in baggy […]]]>

A woman who wanted a cut to stop people staring at her 34HH boobs is now earning £40,000 a month on OnlyFans and has paid off her family’s total debt of £130,000. Amy Sophia, 27, from Leeds, was so insecure about her ‘huge boobs’ that she used to try to hide her figure in baggy jumpers or tight clothes that would ‘crush’ her chest.

When she went clubbing with friends, she says strangers made comments and looks that depressed her. “Usually when I went to clubs or out in public it was the women who would tell me to ‘put it away’ because their boyfriends were staring at me,” Amy said.

“I usually ignore it, but I once got kicked out of a nightclub for flashing this girl who told me to cover up. I was just sick of it. I have such bad posture from the way I was always leaning forward to hide my boobs because when I kept my back straight it made them even more prominent and I hated that attention.

“Now the looks and comments don’t bother me anymore. I know they’re just jealous or they have body issues, they’re obviously not happy in their own skin.

Amy was working five days a week as a spa therapist earning £8.50 an hour when she decided to set up an OnlyFans page in October 2019. She says the site gave her confidence and helped her embrace her curvy figure.

When she joined she was saddled with debts of £30,000 from payday loans. Amy said: “I’ve always wanted a champagne lifestyle on a Coca Cola budget. I went on vacation abroad and always bought new clothes.

“Because of the high interest rates on payday loans, I was stuck in a vicious circle. Then there was a buzz around this new site, OnlyFans, and something just told me to do it. for money.

“I knew my boobs were getting attention, so I decided to use them to my advantage instead of hiding. In my first month I made £7000 which was insane.

“Every month it was increasing – my best month of income was £150,000, but I average around £40,000 now.”

As well as paying off her own debt of £30,000, Amy was also able to help her parents pay off a combined debt of nearly £100,000. She said: “Helping my family out of debt was the first thing I did with the money.

“It took me about four or five months before I started winning big before I could do it. Mom was so grateful. She’s fully supportive of what I’m doing and always has been from the start.

“The people who are important to me in my family have supported me and that’s all that matters. I’m so lucky to have such an understanding family behind me. I love them so much.”



Amy Sophia (Press Jam)
Amy Sophia (Press Jam)

As a teenager, the model’s figure “changed overnight” as she struggled to embrace her curvy new figure. She said: “I woke up one day when I was about 15 and it’s almost like my boobs just grew overnight, they were huge.

“I slowly started to dislike them as they got bigger and bigger. I felt like I had a hard time hiding them and people looked at me a lot. I avoided certain exercises at the gym and I had trouble buying clothes because they didn’t suit me or I was worried that everything would look too slutty.

At 23, she went to see a doctor about breast reduction, but the details of the operation were so daunting that Amy took longer to think about it. She said: “I was sick of the attention, of the men watching.

“I couldn’t enjoy shopping and buying nice clothes. I also felt like my big chest made me look fat because it hid my shape in the clothes.



Amy Sophia (Press Jam)
Amy Sophia (Press Jam)

“I learned how serious a reduction is, so I took my time to think about it. But during that time of reflection, I discovered Only Fans.

“That’s when I started kissing them. The positive attention has really changed my mindset.

“I realized that a lot of guys there love my boobs and now they are my sources of money.”

Amy likes to spend her earnings on clothes, fine dining and luxury travel – and has been to Mexico, the Maldives, Rome, Thailand, Las Vegas and all over Europe. She also had a Brazilian butt lift to further enhance her figure.

The model added, “I’ve always wanted beautiful things and to do the beautiful things in life. Now I can live the life I always dreamed of and wanted so badly.

“I do what I do for the money, which gives me freedom and freedom is everything to me.”

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The key to reducing child poverty? Child tax credits distributed monthly https://weyerclaims.com/the-key-to-reducing-child-poverty-child-tax-credits-distributed-monthly/ Mon, 13 Jun 2022 20:00:00 +0000 https://weyerclaims.com/the-key-to-reducing-child-poverty-child-tax-credits-distributed-monthly/ With last month’s extraordinary inflation rate 8.3% pushing Americans down, rapidly rising costs associated with food, fuel, housing and child care are putting countless families at financial risk. Knowing that the nation would face continued economic pressure from the pandemic, the US government adopted and implemented an ambitious policy agenda last year, which included the […]]]>

With last month’s extraordinary inflation rate 8.3% pushing Americans down, rapidly rising costs associated with food, fuel, housing and child care are putting countless families at financial risk.

Knowing that the nation would face continued economic pressure from the pandemic, the US government adopted and implemented an ambitious policy agenda last year, which included the expanded Child Tax Credit (CTC) program. In just six months, this historic initiative has significantly reduced child poverty and impacted local economies by approximately $19 billion per month in additional expenses.

One of the main reasons for the success of the child tax credit? Checks are paid into parents’ bank accounts once a month.

This idea is not new. Just look at the nation the most efficient anti-poverty program — Social Security — which distributes benefits to recipients throughout the year. We know that Social Security protects older Americans from poverty, but as columnist Bryce Covert recently pointed out in the New York Times — America chose not to prioritize children in the same way.

The fact that CTC payments were distributed monthly as part of the US bailout is key to understanding why this direct money program worked so well and why 3.7 million more children live in poverty after the Congress allowed the program to expire at the end of last year.

New analysis from the Columbia University Center on Poverty and Social Policy proves this point directly, breaking down the anti-poverty benefits of the monthly CTC and demonstrating that monthly payments are more effective than an annual lump sum.

When CTC payments are distributed once a year at tax time, child poverty drops significantly by about eleven percentage points or from 22.4% to 11%. However, anti-poverty benefits often decline in May. Compare that to monthly payments – which keep almost a third more children out of poverty each month they are distributed, according to Columbia findings..

According to this report, monthly Child Tax Credit payments could prevent about one in 10 children from experiencing a period of poverty at any time of the year, compared to annual payments, which often alleviate poverty for only one or two months during tax time.

Monthly checks reduce child poverty throughout the year by reducing income volatility, which destabilizes the month-to-month fluctuations in income that affect low-income families the most. Not only do monthly payments reduce the risk of children being persistently poor, they also reduce the risk of children becoming poor throughout the year.

The Columbia data shows what we actually saw in real life when the Child Tax Credit was in effect.

When CTC checks began hitting bank accounts in July 2021, the impact of credit on life was immediately clear. In six weeks, food insufficiency decreased by approximately A quarter. The improvements were significant among black and Hispanic families, who experience the highest rates of eating difficulties.

As we navigate this “new normal,” we cannot forget this important lesson of the US bailout: monthly cash payments prevent children from falling into poverty. These payments also help families in other valuable ways. Bills come in every month, and monthly CTC checks help buy groceries, pay bills, and pay rent or mortgage on time. In a survey of low-income families, three quarters of SNAP recipients have used their CTC payments on bills, including to avoid utility cuts, evictions and foreclosures. Families across the country were able to get a breath of fresh air and feeling reported less financial stress because of the CTC.

Economists are still learning about the long-term impact of the child tax credit on the financial health of American families. However, preliminary data – as well as the real-life experiences of millions of families – show that not only monthly CTC payments have no noticeable negative effect on employmentthey or they supported work and entrepreneurship with some parents. In addition, monthly CTC payments have helped parents reduce credit card debt and reduce reliance on payday loans, pawnbrokers and even the sale of blood plasma.

Monthly payments have been a key part of CTC’s success, and that model must be maintained if — and when — Congress brings the program back to life.

Christine Hamilton is a postdoctoral fellow at the Center on Poverty and Social Policy at Columbia University School of Social Work.

Natalie Foster is the president and co-founder of the Economic Security Project, a network committed to advancing the conversation about cash benefits and basic income in the United States.

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Personal loan ads on social networks https://weyerclaims.com/personal-loan-ads-on-social-networks/ Sun, 12 Jun 2022 00:07:08 +0000 https://weyerclaims.com/personal-loan-ads-on-social-networks/ The past few years have been difficult for many Americans. Unfortunately, trying to stretch every dollar to buy basic necessities has become the norm. Some might consider a second or third job to pay the bills. This is precisely the type of person that payday loans target. Promising quick cash without telling the full story […]]]>

The past few years have been difficult for many Americans. Unfortunately, trying to stretch every dollar to buy basic necessities has become the norm. Some might consider a second or third job to pay the bills.

This is precisely the type of person that payday loans target. Promising quick cash without telling the full story of loan costs, these ads have been popping up on social media platforms like TikTok.

Read on to find out how these companies are bending the rules and why taking a payday loan is bad.

Here is the backstory

All social media platforms have advertising as it is the main way to generate profit. But some sites are not as strict about ad content as others. For example, TikTok claims to have a policy against “exaggerated performance or promises”.

Yet, there are many payday loan messages that target vulnerable users. According to Media Matters for Americathree companies systematically violate TikTok’s advertising policies by promoting payday loans.

Promising instant cash, posts by Earnin, Brigit and Albert target those in need of quick cash with phrasing such as “living paycheck to paycheck” or always being “broke”. It is unclear how advertising is allowed to be on the platform.

TikTok Payday Loans
Credit: Media Matters for America

But Earnin is no stranger to controversy. The company settled a $12.5 million lawsuit three years ago for deceptive lending practices. Brigit and Albert are also not registered with the Better Business Bureau (BBB), as some users claimed there were unexpected charges or missing deposits.

What can you do about it

It may seem like a lucrative opportunity to get some quick cash in your wallet, but there will always be a catch. The interest rate will be exorbitant, and they don’t call it often. Some advertisements will use words such as “fee” or “tip” without mentioning the interest rate.

According to the Consumer Financial Protection Bureau, a two-week payday loan with a $15 fee to borrow $100 gives you an annual percentage rate of 400%. That’s way more than the typical 30% for a high-interest credit card.

It may leave you in a cycle of debt, but according to the BBBthere are safer alternatives to payday loans:

  • Build a budget with an emergency fund. Create a budget so you know how much money you receive and how much you need to pay your bills. This will help avoid needing a loan in the first place. Then set aside money each month to build an emergency fund. You will be covered even if an unexpected expense or emergency occurs.
  • Get credit advice. Get credit counseling if you find yourself unable to pay your bills or caught in a cycle of debt due to a high-interest loan. The US Department of Justice has a list of agencies for people looking for debt reduction help. Also see BBB’s advice on credit counseling for more resources.
  • Shop for loans. Compare interest rates, fees and late fees by reading the fine print before choosing a lender. Pay close attention to interest rates and loan rollover fees. Credit unions are a great place to get a small loan with reasonable interest rates. Even credit card cash advances, which typically have double-digit interest rates, likely have lower interest rates than those offered by a payday lender.
  • Contact your creditors if you cannot pay on time. If you realize you won’t be able to make a payment on time, don’t panic. Contact the creditor directly. Many creditors are willing to work with you to design a payment plan you can afford.

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UK’s credit spread will widen in this cost of living crisis https://weyerclaims.com/uks-credit-spread-will-widen-in-this-cost-of-living-crisis/ Fri, 10 Jun 2022 03:00:11 +0000 https://weyerclaims.com/uks-credit-spread-will-widen-in-this-cost-of-living-crisis/ This article is the last part of the FT’s Financial Education and Inclusion Campaign Just a year ago, the financial regulator seemed confident that tighter regulation of high-cost loans has failed to drive those in need toward loan sharks and illegal lenders. The proof was that people either went without or turned to friends and […]]]>

This article is the last part of the FT’s Financial Education and Inclusion Campaign

Just a year ago, the financial regulator seemed confident that tighter regulation of high-cost loans has failed to drive those in need toward loan sharks and illegal lenders. The proof was that people either went without or turned to friends and family for help.

You wonder if the Financial Conduct Authority is just as sure now. Leave aside the fact that seemingly benign borrowings from friends and family, who indeed have skipped since 2017, may turn out to be anything but. Against the backdrop of the greatest pressure on living standards in generations, the gap left by the multitude of exits from the subprime loan market last year should be felt.

This is not to say that the regulator and the financial ombudsman were wrong to crack down on fraudulent payday loans or repeat loans and that they paid little attention to affordability in areas such as home or home loan. Even some in the industry admit that there were sketchy practices that needed to be eradicated.

But the pressure, which saw home-based lender Provident Financial exit the market and others like Amigo stop lending, was followed by no proper assessment of what was to come. Indeed, analysis of what happened to people who once relied on the sector is patchy at best.

What we do know is that the number of loans issued in the short-term credit and high-cost mortgage sectors fell by more than 3.2 million in 2021 compared to 2019 (after the disappearance of the lender Wonga payday), or around £1 billion. And that the number of people who find themselves excluded from mainstream provision, already estimated at 11 million, is almost certainly up, not down.

The biggest banks, which already refuse to serve the poorest in society, will pull the credit drawbridge further in a downturn. Meanwhile, rising energy and food bills, as well as other expenses, could easily add £120-150 per calendar month to expenses on an affordability check, an expert notes. Around a fifth of UK adults have less than £100 in savings.

It seems likely that the explosive growth of the unregulated buy-now-pay-later BNPL market has filled some of the void, potentially substituting a low-cost or no-cost source of credit for what used to be very expensive. A community finance organisation, a sector which tends to serve a similar demographic to high-cost moneylenders (and indeed loan sharks) in terms of high proportions of benefit recipients and incomes under £20,000, said that BNPL had become by far the main form of credit with their customers since 2020.

This echoes concerns about ‘stacked’ BNPL loans, the use of these facilities to meet basic needs such as energy costs, and some suggestions that those dependent on the sector use more expensive loans, such as credit cards to track payments. As default rates likely worsen and providers act ahead of tougher regulation, this source of credit could also become harder to access.

Meanwhile, illegal money lending seems to be on the rise. The links between the refusal of regulated credit and the illegal provision are not well followed. But research this year by the Center for Social Justice estimated that more than a million people could borrow from a loan shark, up 700,000 from the last major survey in 2010. Well more than half of the respondents said they initially considered the loan shark a friend.

What hasn’t happened is a really concerted effort by the government to grow the community lending industry, which is limited in capacity and remains tiny with loans of around £34m a year.

There is not yet much evidence of the emergence of a “compliant, responsible high-cost trade credit sector,” in the words of the regulator, which it says should be able to meet some of the growing demand. Amigo, which recently won court approval for its past customer complaint resolution program, is seeking approval to restart lending with a new product that includes the option to reduce the rate paid over time. Other companies are also considering new models.

The question is what contribution they might make in the near future. The gap in the UK credit market will become harder to ignore this winter.

helen.thomas@ft.com
@helentbiz

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Payday loans used to cover buy now, pay later expenses https://weyerclaims.com/payday-loans-used-to-cover-buy-now-pay-later-expenses/ Wed, 08 Jun 2022 10:40:40 +0000 https://weyerclaims.com/payday-loans-used-to-cover-buy-now-pay-later-expenses/ Buy now, pay later users are borrowing money to cover expenses, with some turning to payday loans or guarantors, a charity reveals. More than two in five Buy Now, Pay Later (BNPL) customers have had to borrow money to make repayments, research by Citizens Advice has found. BNPL programs are a form of credit, giving […]]]>

Buy now, pay later users are borrowing money to cover expenses, with some turning to payday loans or guarantors, a charity reveals.

More than two in five Buy Now, Pay Later (BNPL) customers have had to borrow money to make repayments, research by Citizens Advice has found.

BNPL programs are a form of credit, giving buyers the ability to buy something now and pay for it later. But because of the way some plans work, they can quickly become expensive if the debt isn’t cleared, with interest and other fees added.

The charity found that 52% said they used money from their checking account, 26% used a credit card and 23% used savings.

However, 9% used their bank overdraft, 7% borrowed from friends and family, 6% used a personal loan while 5% admitted to using a personal loan and 3% turned to a guarantor loan .

Young buyers were the most likely to borrow to repay purchases from BNPL, as 51% of 18-34 year olds borrowed money to repay BNPL debt, compared to 39% of 35-54 year olds and 24% of over 55s.

Citizens Advice interviewed a nationally representative survey of 2,288 people in the UK who had used BNPL in the past 12 months. He said the findings come as the market “continues to grow at breakneck speed” but the industry remains unregulated.

As the government announced its intention to regulate BNPL products, Citizens Advice is calling for market-wide accessibility checks and clearer information at checkouts, as one in 10 BNPL shoppers did not fully understand how refunds would be put in place.

“Counting on one debt to pay off another”

Millie Harris, debt counselor at Citizens Advice in East Devon, said: ‘Most of the people I speak to who use BNPL live off overdrafts and credit cards so use them for repayments. It’s just relying on one debt to pay off another debt.

“It’s heartbreaking to see parents who can’t afford to buy clothes or shoes for their children turn to BNPL, thinking it’s doing them a favor. In reality, it’s just more debt and more creditors, on top of what they already face.

“What scares me the most is how easily people can slip into using BNPL. They use it much faster than other forms of credit. It’s just a few clicks to checkout. Too often that means people don’t realize how bad it is; it’s a credit and there are consequences if they don’t pay it back.

Clare Moriarty, managing director of Citizens Advice, added: “Buyers are piling on borrowed money and pushed themselves into increasingly desperate situations from which it may seem impossible to escape.

“The BNPL’s debt spiral into credit cards, loans and even payday lenders shows that it is not a risk-free alternative. BNPL is part of the credit industry and urgently needs to be regulated as such.

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5 Best Online Payday Loans – Online Payday Loans Same Day Deposit & No Rejection Payday Loans Direct Lenders in 2022 https://weyerclaims.com/5-best-online-payday-loans-online-payday-loans-same-day-deposit-no-rejection-payday-loans-direct-lenders-in-2022/ Fri, 03 Jun 2022 06:26:00 +0000 https://weyerclaims.com/5-best-online-payday-loans-online-payday-loans-same-day-deposit-no-rejection-payday-loans-direct-lenders-in-2022/ Online payday loans are the solution to almost any type of financial lock-up. Whether you need money to redecorate the spare bedroom, buy an expensive birthday present, or pay for an expensive car repair, online payday loans can provide you with the cash you need. Many Americans have experienced the financial flexibility offered by online […]]]>


Online payday loans are the solution to almost any type of financial lock-up. Whether you need money to redecorate the spare bedroom, buy an expensive birthday present, or pay for an expensive car repair, online payday loans can provide you with the cash you need. Many Americans have experienced the financial flexibility offered by online payday loans, and if you’re looking for financial relief, you can too.

Loan search services such as Viva Payday Loans give borrowers quick access to lenders offering the best payday loans online. With so many online payday loan providers, it can be difficult to choose the right one. This article features the top five direct online payday loan seekers on the market, putting you in direct contact with lenders.

Best online payday loans 2022 – a quick overview

What are the best online payday loans? See our top 5 below:

  • Viva Payday Loans – Best payday loans for fast payments
  • Heart Paydays – Best for No Disclaimer Payday Loans, Direct Lenders Only
  • Credit Clock – Best Online Payday Loans With Fast Approval Process
  • Money Lender Squad – Best for $255 payday loans online same day
  • Very Merry Loans – Best online payday loans with same day deposit

Best General Eligibility Criteria for Online Payday Loans

Borrowers must meet the following criteria to obtain payday loans online.

  • Must be 18 years or older
  • Must hold US residency
  • Must earn a minimum of $1,000 per month
  • Must pass accessibility checks
  • Must have a US bank account

If you have bad credit, you can still apply for the best payday loans online through Viva Payday Loans if you meet the criteria above. While none of the loan finder sites do credit checks on your name directly, lenders offering financing might.

Five Best Online Payday Loans: Same Day Deposit for Bad Credit

1. Viva Payday Loans – Best Payday Loans for Fast Payments

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Viva Payday Loans is known for its fast turnaround time, providing access to lenders who offer the best payday loans online in the shortest possible time. To be a successful applicant, you must meet the above loan criteria and pass affordability checks. Once the loan is approved, the funds are disbursed to the borrower within an hour. Interest rates range from 5.99% to 35.99%, depending on the lender.

Advantages

  • Repayment terms from 2 to 24 months
  • Loan values ​​up to $5,000
  • Fast payments within 60 minutes of loan approval

The inconvenients

  • High interest rates up to 35.99%

Click here to request funds from Viva Payday Loans >

2. Heart Paydays – Best for No Disclaimer Payday Loans Only for Direct Lenders

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Borrowers with bad FICO scores or no credit history can apply for the best online payday loans for bad credit through the Heart Paydays portal and still stand a chance of getting the money they need if they are currently in an excellent financial situation. When using this loan finder service, borrowers are tempted to be matched with direct no-disclaimer lenders only who are most likely to view their financial situation favorably. Loan amounts range from $100 to $5,000 with APRs of 5.99% to 35.99% and 2 to 24 months to pay off.

Advantages

  • Simple eligibility requirements
  • Almost instantaneous request feedback in 2 minutes
  • Flexible repayment terms

The inconvenients

3. Credit Clock – Best Online Payday Loans for Fast Approval Process

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When the best online payday loans are needed in a hurry, time seems to fly without giving you a second to catch your breath. This is where Credit Clock comes to the rescue with lenders that offer fast approval processes and even faster payments.

Credit Clock connects borrowers and lenders with the click of a button. Lenders through Credit Clock offer borrowers affordable loan amounts from $100 to $5,000 for 2 to 24 months. Interest rates range from 5.99% to 35.99%, which may seem high but may be worth the convenience, fast loan approvals and quick repayments. Check if you meet the loan criteria above and apply today!

Advantages

  • Fast payments
  • The easy online application process
  • Affordable Loans

The inconvenients

  • Interest rate up to 35.99%

4. Money Lender Squad – Best for $255 Same Day Online Payday Loans

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Money Lender Squad gives borrowers direct access to lenders without the usual hassle of traditional financial institutions. Their loan finder service helps borrowers apply for the best direct online payday loans online with a single application.

The process is simple and requires borrowers to enter their details, choose their loan amount and repayment period, and the best payday loans online appear in minutes. Online payday loans through lenders on the Money Lender Squad portal range from $100 to $5,000 with APRs of 5.99% to 35.99% and 2 to 24 months to pay off!

Advantages

  • The fast online application process
  • Offers $255 payday loans online and same day deposit
  • Loan amounts up to $5,000

The inconvenients

  • Not all requests are guaranteed to be approved

5. Very Merry Loans – Best Online Payday Loans with Same Day Deposit

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If you don’t need a large loan, the best online payday loans are available through the Very Merry Loans portal lenders. Loan amounts are kept small to keep them affordable, and APRs typically range from 5.99% to 35.99%. Additionally, lenders on the Very Merry Loans platform are known to pay on the same day as loan approval, giving borrowers access to seemingly instant cash. If you meet the general loan criteria mentioned above, you can easily apply for some of the best payday loans online through lenders on the Very Merry Loans platform.

Advantages

  • Same day payments
  • Flexible loan terms
  • Quick online application in 2 minutes

The inconvenients

  • Loan amounts capped at $2,000

Best Online Payday Loans Same Day Features and Considerations

Credit checks

Most online payday loans through US-based lenders are subject to credit checking by law. No credit check, instant approval. However, if you have a bad FICO score but your financial situation has improved, you can still apply online for the best payday loans.

Affordability

Affordability is key when applying for the best payday loans online. When processing your application, lenders will do an affordability check, such as comparing your bank account to expenses and pay stubs.

Penalties

Your loan agreement will specify the penalties and fees associated with your loans. Therefore, it is best to familiarize yourself with the terms of the loan agreement to avoid paying early or late repayment fees.

Conclusion

Online payday loans are an excellent form of financing for those who need funds quickly. They give you the flexibility you need between now and your next payday if you find yourself in a difficult financial situation.

FAQs

What are the best and easiest payday loans to get same day?

Online payday loans are fast, simple and convenient. First, borrowers complete a simple online application that connects them to a panel of lenders. From there, lenders assess the borrower’s affordability and, if they can afford the loan, funds are usually disbursed the same day.

What is the highest payday loan to get?

Online payday lenders offer loans between $100 and $5,000. Depending on the lender, APRs can range from 5.99% to 35.99% with the providers mentioned above. However, most lenders offer flexible repayment terms of 2-12 months or 2-24 months.

What are the best online payday loans?

Borrowers asking about the best payday loans online can use a range of loan search platforms such as Viva Payday Loans to find the best loan for them. Loan finder services simultaneously connect the borrower to a wide range of lenders. This means they are more likely to get a loan because multiple lenders have assessed their applications.

Disclaimer – The above content is not editorial, and Economic Times hereby disclaims all warranties, express or implied, in connection therewith, and does not necessarily warrant, guarantee or endorse any content. The loan websites reviewed are loan matching services, not direct lenders. Therefore, they are not directly involved in the acceptance of your loan application. Applying for a loan with the websites does not guarantee acceptance of a loan. This article does not provide financial advice. Please seek the assistance of a financial advisor if you need financial assistance. Loans available only to US residents.

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Orange Credit announces the launch of a low-interest loan https://weyerclaims.com/orange-credit-announces-the-launch-of-a-low-interest-loan/ Wed, 01 Jun 2022 02:00:00 +0000 https://weyerclaims.com/orange-credit-announces-the-launch-of-a-low-interest-loan/ SINGAPORE – Media outreach – June 1, 2022 – Orange Credit, a legal and licensed lender in Singapore, has announced the launch of its latest loan, with a loan interest rate as low as 1% per month. This new initiative will be used for its personal loans, bridge loans and payday loans. The launch of […]]]>

SINGAPORE – Media outreach – June 1, 2022 – Orange Credit, a legal and licensed lender in Singapore, has announced the launch of its latest loan, with a loan interest rate as low as 1% per month. This new initiative will be used for its personal loans, bridge loans and payday loans.

The launch of the new 1% loan by Credit Orange does not include administration fees, according to the applicable terms. Eligible applicants with an annual income above S$30,000, no outstanding loans from other approved lenders, as well as outstanding unsecured loans from banks not exceeding three times the amount of their monthly income may apply for the ready.

This lending initiative was born out of Orange Credit’s advocacy of responsible borrowing and lending to the public with the aim of minimizing personal debt in Singapore. Thus, Orange Credit is dedicated to exploring disposable income with borrowers, in addition to supporting borrowers in terms of debt consolidation loans in singapore. This comes from the fact that she strives to focus on the priorities of her clients in order to provide the optimal solutions to their financial worries.

Orange Credit is a reliable professional approved lender in Geylang, offering flexible, easy and fast cash loans with quick and hassle-free loan approval in Singapore. Orange Credit has steadily expanded its customer base since its inception by offering a variety of loans, such as debt consolidation and business loans in Singapore, to ease the financial concerns of people in need and businesses that have intend to grow. With no hidden fees, all documentation is straight forward and simple. This allows Orange Credit to speed up loan procedures, which results in a quick approval of ready.

For more information about Orange Credit and its reliable range of money lending services, please visit https://orangecredit.com.sg/.

#OrangeCredit

The issuer is solely responsible for the content of this announcement.

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How to get fast money for auto repair https://weyerclaims.com/how-to-get-fast-money-for-auto-repair/ Mon, 30 May 2022 12:15:29 +0000 https://weyerclaims.com/how-to-get-fast-money-for-auto-repair/ No one wants to be in a situation where their car breaks down and they don’t have the money to fix it. If this happens to you, don’t panic! There are ways to get the money you need fast, like getting a Loan 1000 dollars now so you can get your car back on the […]]]>

No one wants to be in a situation where their car breaks down and they don’t have the money to fix it. If this happens to you, don’t panic! There are ways to get the money you need fast, like getting a Loan 1000 dollars now so you can get your car back on the road. In this blog post, we will discuss five steps that will help you get the money you need for auto repair. Follow these steps and you’ll be well on your way to fixing your car and hitting the road again!

Car breakdown: the statistics you need to know

Car breakdowns are always frustrating, especially when you’re short on cash. But whatever the case, you’ll have to figure out what the problem is given how much money you used to buy it. For example, according to CarGurus, a minivan costs $34,284, a BMW costs $35,549 while a Chevrolet costs $30,581 on average.

The amount used to buy the car is high so you will need to maintain it well to survive longer. Auto repairs are unavoidable. Every once in a while, your car will suffer a flat tire that will require repair.

A Statista report showed that in the last quarter of 2020, approximately 234,700 automotive repair and maintenance centers were present in the United States, indicating a 0.9% increase over the previous year.

So how can you get the money to buy the auto parts or get the auto repair service?

How to get fast money for auto repair

There are different sources to get quick cash for auto repair. The fastest and most effective option is your emergency savings. This option is uninteresting and easy to access. But it’s not always that we have the savings available to grab. Savings can be in a fixed account where they are not available or if they are available they are not enough.

How are you going to handle this situation? You can consider taking out a loan. Here are some examples of auto repair loan types to consider.

1. Personal auto repair loans

Auto repair personal loans are types of installment loans where borrowers lend a certain amount and repay it in installments. The total amount you will pay for the installments will be more than the amount you borrowed due to added interest. Personal loans have an average interest rate between 9% and 36%.

To be approved for the loan, you will need to have a good credit rating. A good credit score ranges from 750 and up, but you can also get a pretty good deal with a score of 720.

If you have a lower score, you can consider taking options such as securing the loan with collateral like the car, getting a co-signer, or getting bad credit personal loans. This last option will however have great interests but it can help out.

You can get personal loans between one and seven days depending on the type of lender you borrow from. Loans are available from traditional banks, online lenders and credit unions.

2. Credit cards

Credit cards are the type of revolving credit where you will have access to funds as long as you continue to make regular payments when needed. Interest rates vary and are charged when funds in the borrower’s account are used.

Again, credit cards can be used to purchase almost anything, including auto parts. If you need a loan for a car repair, you can consider using the credit card cash advance option where you will get a loan from the funds in your account. The interest rates will however be relatively higher than normal credit cards.

If you manage to pay off the credit in full on time, you will benefit from introductory rates of 0%, which means that no interest will be incurred on normal credit cards. Also, paying the credit on time will increase the chances of getting your credit limit increased.

However, you can carry over your loans to the next month, but you will incur additional interest which, if you are not careful, can put you in a cycle of debt.

3. Payday Loans

Payday loans are short term loans that have a very fast approval time and little documentation included. The only requirements you will be asked are your proof of identity, proof of stable income and an active account to deposit the funds. Loans can be granted from minutes to an hour from the time of application.

These loans are unsecured, so no collateral is needed and no credit check is done. They can be used for anything, including paying for auto glass repair or any type of car repair you have. The amount granted varies by lender, but it is normal to get a loan of 1000 dollars now.

Well, they may look so perfect, but the main downside is the high interest included. They typically have an APR over 400%, which means you’ll be charged an additional amount of between $10 and $30 for every $100 borrowed.

High interest can leave you in a huge cycle of debt if you are not well planned on repayments, so you need to be careful when getting these loans. But if you have a good repayment plan, auto repair payday loans can be a great option.

4. Personal lines of credit

Personal lines of credit are similar to credit cards in that they are also a type of revolving credit. This means that you have access to certain funds as long as you make regular payments with interest included. Interest rates are calculated based on how much you use so they are variable. If you take smaller amounts, you will incur less interest.

Personal lines of credit are unsecured, which means the risk of default is quite high. For this reason, the loans have fairly high interest, but not as high as payday loans. Their approval period, however, is longer than payday loans. Funds can be accessed through credit checks or wire transfers.

5. Securities Lending

Title loans are short-term loans that must be secured upon application. You can use your car as collateral where the car will go through a screening process to determine its value. The loan will then be granted to you according to the value of the car. The amount varies between 25% and 50% of the value of your car.

Title loans can be applied physically or online. However, you will still need to bring the car to the physical lending establishment for inspection, even when applying online. You will also need proof of car ownership, car insurance and a driver’s license.

Title loans have an average APR of 300%, so they are quite high. You need to be careful about the high interest involved to avoid missed payments and the negative consequences that come with it.

Conclusion

Getting money for auto repair is not difficult. You will need to do your research to find the best option that closely matches your situation.

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Propelled by (formerly) huge gains from real estate, stocks, cryptos, while “real” incomes are lagging? “Real” consumer spending increases, service spending increases https://weyerclaims.com/propelled-by-formerly-huge-gains-from-real-estate-stocks-cryptos-while-real-incomes-are-lagging-real-consumer-spending-increases-service-spending-increases/ Sat, 28 May 2022 03:44:55 +0000 https://weyerclaims.com/propelled-by-formerly-huge-gains-from-real-estate-stocks-cryptos-while-real-incomes-are-lagging-real-consumer-spending-increases-service-spending-increases/ You can see why some retail stocks don’t like the shift from goods to services. By Wolf Richter for WOLF STREET. Americans far outpaced inflation in April. “Real” spending on goods – what consumers buy at retailers, adjusted for inflation – rose during the month, but was down from last year’s miracle-stimulus peak. “Real” spending […]]]>

You can see why some retail stocks don’t like the shift from goods to services.

By Wolf Richter for WOLF STREET.

Americans far outpaced inflation in April. “Real” spending on goods – what consumers buy at retailers, adjusted for inflation – rose during the month, but was down from last year’s miracle-stimulus peak. “Real” spending on services (such as healthcare, travel, entertainment, etc., adjusted for inflation) has surged, after collapsing during the pandemic, as the shift in spending from goods towards services continues, a sign that the distorted recovery – the economy is normalizing. Spending on services is the most important, accounting for more than 60% of total consumer spending.

“Real” spending has increased, approaching the pre-pandemic trend.

Inflation-adjusted spending on goods and services jumped 0.7% in April from March, to a new record high, and rose 2.8% from April’s stimulus miracle. year, according to the Bureau of Economic Analysis today. It is now approaching the pre-pandemic trend, as the consumer economy normalizes to pre-pandemic growth rates, all adjusted for inflation:

“Real” spending on services has jumped, but there is still a long way to go.

Inflation-adjusted spending on services – health care, housing, education, airfare, lodging, rental cars, sporting and entertainment events, haircuts, repairs, etc. – jumped 0.5% in April from March and 5.9% year-on-year. year.

Actual spending on services eventually exceeded pre-pandemic levels and set a new record, after spending on discretionary services collapsed during the pandemic (such as airline tickets, discretionary health services, such as dentists and elective surgery, haircuts, etc.). It remains well below the pre-pandemic trend (green line), but is on the way to normalizing, with spending shifting from goods to services.

This surge in “real” spending on services over the past few months (+5.9% y/y) is what has boosted consumer spending, even as spending on goods has fallen from the crisis-fueled peaks. relaunched a year ago.

Spending on services is important: in April, it represented 61.4% of total consumer spending, but it is still down from the pre-pandemic average of more than 64%. This is an indication that spending on services, as it normalizes, will continue to grow at a disproportionate rate (so watch out for services CPI inflation, which is starting to eat away at everyone).

Real spending on non-durable goods is slowly normalizing to nosebleed levels.

Inflation-adjusted spending on non-durable goods – dominated by food, fuel and household supplies – edged up 0.2% for the month, but fell 0.5% from the stimulus peak -April miracle a year ago.

Even after the year-over-year decline, consumer spending on non-durable goods remains at nosebleed levels, up 12% from April 2019, and well above the pre-trend. -pandemic (green line). But it is gradually normalizing and returning to the pre-pandemic trend:

Real Spending on Durable Goods Suddenly Jumps Month Over Month.

So just to create another surprise about “exploited” US consumers or whatever, inflation-adjusted spending on durable goods jumped 2.3% for the month, just when you thought consumers had bought everything they needed, and were going to back off.

Compared to April’s miracle stimulus peak of last year, real spending on durable goods has fallen 6.5%. Spending remains at nosebleed levels, up 29% from April 2019, and continues to contribute to shortages and price spikes in some of these products, as well as the massive trade deficit, as many of these products are manufactured in other countries or contain components that are manufactured in other countries.

But you can see the uneven normalization, the regression to the pre-pandemic mean:

“Real” income below pre-pandemic trend.

Personal income adjusted for inflation from all sources fell 3.5% from April a year ago, when stimulus money was still coming in, but rose slightly from March (purple). This includes income from wages and salaries, dividends, interest, rentals, farms, businesses, and government transfer payments (stimulus, social security, unemployment, welfare, etc.), but does not include not capital gains. Late last year, as inflation rose, real income fell below the pre-pandemic trend and stayed there. It only increased by 6.0% compared to April 2019.

Inflation adjusted income without transfer payments rose 2.0% from a year ago and 0.3% in April from March (red line). It fell below the pre-pandemic trend at the start of the pandemic. After a partial recovery, it has lost further ground since the end of last year due to the surge in inflation and has remained essentially stable since November.

“Real” disposable income per capita looks worse.

The income data above was for aggregate income, for all consumers combined, where income growth is also fueled by rising employment and population growth.

Here is the level of “real” disposable income per capita – that is, after-tax per capita income from all sources, which was flat for the month and down 6.4% from a year ago. year, and up a tiny 1.8% from April 2019. And that’s well below pre-pandemic trends:

The substantial increase in inflation-adjusted spending and the bleak picture of inflation-adjusted income (which does not include capital gains) show that consumers – not all but enough to move the needle – are still flush with the funds of the gazillion stimulus programs and with the money they can extract from soaring house, stock and crypto prices, where consumers have earned trillions of dollars in total, some of which have already been spent, and some of which have disappeared in recent sales, and some of which they still sit on and will continue to spend.

But consumer borrowing to spend, well… not so hot.

Not adjusted for inflation: Credit card balances, excluding other revolving loans such as personal loans, fell to $840 billion in the first quarter, compared to the fourth quarter, still below the first quarter of 2020 and the first quarter of 2019, and back to where they were in the first quarter of 2008, despite 13 years of population growth and 37% CPI inflation (red line).

Other consumer loans, such as personal loans and payday loans, at $450 billion, were also below pre-financial crisis highs, despite 13 years of population growth and 37% inflation. CPI (green line).

For my in-depth discussion of consumer borrowing across all categories, delinquencies, foreclosures, third-party collections, and bankruptcies, read… Consumers Can Handle Fed Tightening: Their Debts, Delinquencies, Foreclosures, Collections and bankruptcies

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