Loans

Across North America, hundreds of rent to own furniture stores have been popping up over the past few years. In big and small cities alike, people can find stores such as Easy Home, Aarons, and many others. At a first glance, these stores seem great, as they help those who are unable to obtain alternative financing to furnish their homes. Best yet, theres no credit checks, and almost everyone is approved.

A quick look at Easy Home’s website reveals that you can get a computer for as low as $14 per week, a fridge for $18 per week, a new sofa set for $16 per week. This all seems pretty good doesn’t it… wrong. If you look at the total cost of the furnishings that you would purchase at these rent to home stores, its ridiculous… and I would say borders on scamming their customers.

If you have a look at an Easy Home flyer, you’re informed that the weekly rental rates are based upon an interest rate of 29.9%, which seems fair given the high risk nature of the business. However what they don’t tell you is the base rates that they’re using to calculate the 29% interest. The Flyer specifically states 29.9% interest APR based upon “product cost.” However no where are you able to find out this “Product Cost.” If you go into an Easy Home store and ask about a product cost, the employees will beat around bush without ever telling you an accurate product cost (other than a weekly rate).

For example, currently advertised on the Easy Home website is an Acer netback for $14 per week. Doesn’t seem bad… however when you multiply that by the 104 weeks of payments, it is equal to $1456. Now how much does this netback cost in Future Shop or Best Buy… it costs $199. Thats right, you’re paying 700% for this computer, meaning that their base price is something like $1200 before the interest. Other products show similar ridiculous markups.

How do they get away with this? Well basically they prey on the desperation of others and their inability to perform basic math. Is it legal? Thats where there may be an issue. In Canada, it is illegal to charge anyone more than 60% per annum interest. What Easy Home is doing is very similar to the Payday loan stores. By charging ridiculous high fees (in this case, crazy product costs) they’re able to get away with saying that their interest rate is legal.

What do you think? Easy Home or a Ripoff?

Are you struggling to pay your bills, and need a short term loan, but don’t want to pay the extremely high rates traditionally associated with pay day loans and credit card advances? If so, there is the potential for good news, depending on your credit card company.

Recently, credit card companies have been trying to get people to borrow money using their credit cards, rather than using lower interest rate options such as lines of credit, and have been running a variety of promotions to help advance their goal. The most common form of promotion to entice clients to use this type of financing is the Credit Card Check. A credit card check is a regular check, just like you would write from your checking account, but instead of coming out of your checking account, the funds are removed from your credit card in the form of a cash advance. The benefit for consumers doesn’t come from the fact that they’re offering this service, but rather from the rate that is being offered when using it.

Many banks are offering rates as low as 1.99% for the first 6 months to users who opt to use their credit card checks, with rates returning to the regular cash advance rate after the 6 month promotion period.

The question is, should you choose this method of financing over a line of credit?
The answer is Yes, but only if you have the financial discipline to pay back the loan before the 6 month promotional period is up.

Banks are banking on the fact that the majority of customers who use these checks will be unable to pay back the cash advance once the 6 month period is up, and will be able to begin collecting their regular 20+% per annum rate. However, clever consumers use this as an opportunity to borrow money at a rate below prime.

Before taking advantage of this opportunity, there are a few things to consider
- Will I be able to pay off the cash advance balance within the next 6 months
- Are there any hidden service fees (Some banks tack on a percentage or two as a service charge)
- Do I need the money? Theres no point in paying interest on it now if you don’t need it.
- When does the offer expire? If the offer is valid for a few months, hold off using the checks until the cash is needed.

Anyway, for those who are looking to get a low interest loan with no hassle, this is a great idea.

Who are they

They are a financial services company specializing in providing immediate access to cash and financial services. They are part of the Dollar Financial Group, Inc., since 1996.

Dollar Financial Group owns and operates the largest international network of retail financial services stores, with over 1,335 locations in Canada, the United States and the United Kingdom.

What do they Offer:

Up to 1500 dollars
Instant online approval for payday loans
Convenient – Instant payday loans in-store or next day deposit

What You Need to Know

They Only serve the Alberta and Ontario Communities in Canada

To Qualify for an Online Payday Loan:

• Valid ID (18 years or older)
• Steady job/source income
• Chequing account
• Direct Deposit
• Valid email address
• Reside in a province where Fast Cash Advances are offered

Get Some FAST CASH NOW! Our Payday Loans are Fast and Our Online Application Couldn’t be Easier!

To go back to the Lender’s List, Click here

Note: Payday Loans and Cash Advance loans carry a much higher interest rate than a regular loan, and it may not be appropriate for your situation. All the information presented in this website is an opinion of the author and NOT a recommendation

Who are They

DollarsDirect is a fully licensed lender, offering online personal loans to subprime consumers in Ontario and British Columbia. DollarsDirect is member of the Canadian Payday Loan Association.

What do They Offer:

Their cash advance services provide consumers with short-term loans of up to $1,500. With a convenient online application, you can apply for the money you need from the comfort and privacy of your home.

There’s usually nothing to fax and perfect credit is not required. Consumers that apply by 5 PM ET, and are approved, get cash deposited directly into their bank account as soon as the next business day.

What You Need To Know

What are the Loan Application Requirements:

• Have an active bank account
• Be currently employed for over two months with the same employer, be self-employed or be collecting employment insurance
• Be at least 18 years of age

Apply Now and get Cash Today from DollarsDirect.ca!

To go back to the Lender’s List, Click here

Note: Payday Loans and Cash Advance loans carry a much higher interest rate than a regular loan, and it may not be appropriate for your situation. All the information presented in this website is an opinion of the author and NOT a recommendation.

Who are they

Payday UK offers your customers loans up to £750 over a typical period of 28 days

A Payday Loan helps people through a cash crunch by providing funds to pay unexpected bills on time, in an emergency or just for some extra spending money for going out, clothes, holidays or presents.

PaydayBank was established in 2006

What do they Offer

They are the fastest Payday Loan company operating in the UK with an online process from start to finish. You will have your loan approved instantly and will receive your cash advance on the day you apply, paid directly into your bank account as cleared funds. What’s more, you won’t be required to fax any documents in. This is a UK first, make sure your users know about this incredible offer.

What you Need to Know

To apply for a payday loan, you need to:

• Be over 18 years old
• Earn more than £750 net per month
• Must be a UK resident

Payday Loans – Apply & Spend £750 Today!

To Go Back to the Lender’s List Page Click Here

Note: Payday Loans and Cash Advance loans carry a much higher interest rate than a regular loan, and it may not be appropriate for your situation. All the information presented in this website is an opinion of the author and NOT a recommendation.

Who are They

QuickQuid is a fully licensed lender, offering online personal loans to thousands of subprime consumers across the UK. Their cash advance services provides you with short-term loans of up to £1500 the very same day that you apply.

With a convenient online application and quick approval, you can apply for the money that you need from the comfort and privacy of your own home. There’s nothing to fax and less-than-perfect credit is not a problem

What Do they Offer:

Quick Online Application

Up To £1500 (note new customers only get up to 1000 GBP)

Same Day Loan

What you Need to Know:

QuickQuid is dedicated to responsible lending practices and is a member of the Consumer Finance Association.

Loan Requirements

You must satisfy the following requirements to receive a payday loan from QuickQuid:

• Must have a valid bank account that can receive direct debit
• Must be at least 18 years of age
• Must be employed and receive a regular paycheque or salary
• Must be a resident of the United Kingdom

Click for Cash from QuickQuid.co.uk

To Go Back to the Lender’s List Page Click Here

Note: Payday Loans and Cash Advance loans carry a much higher interest rate than a regular loan, and it may not be appropriate for your situation. All the information presented in this website is an opinion of the author and NOT a recommendation.

Who Are They

They are an Internet service that helps you get a Pay Day Loan or a Cash Advance Loan.  In their site, they state that they have been in business since 2003  helping people get fast cash for immediate needs such as car repair,  or medical need.   The loan that they offer is unsecured and is intended to cover the borrower till the next pay period.

What do they Offer:

Easy 3 Minute Application

Get Cash in as Little as 1 Hour

Instant Approval

Direct Deposit Not Required

They Offer Good and Bad Credit Loans

What You need to Know

Is important to realize that Cash Advance Loans and Payday Loans are not a long term solution, and they only should be used if there is a pressing need that would require such a loan.  In their website they state clearly that if  the long term consequences of not paying your obligations are more serious than a $30 to $50 dollar fee, then a payday loan MAY be appropriate.

The minimum requirements for a payday loan are:

• You must be at least 18 years of age
• Have a job (or other regular source of income)
• You must have an active open bank account

In Addition each lender may have a requirement, so you are not guaranteed approval

Click Here to get a $1,500 cash advance wired to you in one hour!

To Go back to the Lender’s List page click here

Disclaimer: Payday Loans and Cash Advance loans carry a higher interest rate than a regular loan, and it may not be appropriate for your situation. All the information presented in this website is an opinion of the author and not a recommendation. Understand the Terms Conditions and Fees of the Lender before making a decision.

AmeriAdvance.com

No Credit Check Loan

Who they Are:

Their objective is to provide Quick Cash Loans over the Internet. Mentioned in their website is that they have tailored the service for people who need cash fast, with no Credit Check, and in many cases with no need to Fax your Information.

What do they offer:

Convenient application available 24 hours a day On-line

Cash as fast as today

Up to $1500 with no Credit Check

What you Need to Know

In their website, they featured their easy 2 Step Application process for Payday Loans. A) Apply Online, B) Check your Bank Account.

Although this is an easy process, is important to remember that cash advance loans carry much higher interest rate than a regular loan, so is always better to improve your credit to qualify for personal lending. That being said, if you are trying to solve an immediate problem, and have exhausted other options, it MAY make sense to give them a try.

In order to Qualify for the Loan, you need:

1. Current employment (or receive regular income)
2. Make at least $1000/month
3. Be 18 years of age or older and a U.S. citizen
4. Have checking or savings account with direct deposit.

To Apply for This Loan Go here:

AmeriAdvance.com

To Go back to the Lender’s List page click here

Disclaimer: Payday Loans and Cash Advance loans carry a higher interest rate than a regular loan, and it may not be appropriate for your situation. All the information presented in this website is an opinion of the author and not a recommendation. Understand the Terms Conditions and Fees of the Lender before making a decision.

Who they are:

Their goal is to provide a safe and secure place for people looking for loans to meet immediate financial needs.  They are located in Scottsdale Arizona.

What do they Offer

They offer loans up to $1000 Dollars with No Credit Checks.

Cash as Fast as 1 Hour

Instant Approval with over 122 Loan Providers

Up to 100 days to Pay the Loan Back (depending on Lenders Approval).  Usually cash advance loans require that you pay them back within 2 weeks.  However, many Lenders on their network can extend loans up to 100 days or more.

Lower interest Rates. Using their Automated search and their Network of Lenders, they search for the highest loan amount at the lowest interest rate within their network.

What you Need to Know:

One of the advantages of this service is that they can extend the loan for 100 days or more.  Cash advance lenders usually ask for repayment in 2 Weeks.

For 100 Day Loans, in their Frequently Ask Questions, they state that:  typically loans need to be repaid within 8 to 25 days, however some lenders can set up an extended payment plan for additional fees.  

To Apply follow this link: 100DayLoans.com

Lending you the funds you need in just one hour

To go back to the Lender’s List, Click here

Disclaimer: Payday Loans and Cash Advance loans carry a higher interest rate than a regular loan, and it may not be appropriate for your situation. All the information presented in this website is an opinion of the author and not a recommendation. Understand the Terms Conditions and Fees of the Lender before making a decision.

This page has been created with the objective of helping people find Loans including: Personal Loans, Debit and Credit Cards, Business Loans and or other loans, including Bad Credit loans, cash advances etc.

What you will find in this website:

This website is full with content regarding personal finance and obtaining loans. Personal Finance topics will include Managing Deposit accounts, working with Banks or other Financial Institutions, Credit management, etc. Lending topics will include obtaining a personal loan, what are lenders looking for, how to qualify for a loan with Bad Credit and More.

You will also find contact numbers for loans, credit repair, debt relief, and more. at the bottom of the Page

How to Work With this Site:

First Sign in for our email list for Loan & Finance offers for Good or Bad Credit.

Rest assured, You can unsubscribe at any time

We will only send relevant information, news and offers via email

After signing up, feel free to search our site for more Loans, Bad Credit Loans, Business Loans.

Need to Talk with someone Right Now?

We are currently in the process of establishing partnerships with companies offering loans, consolidation services. etc. This list will grow as we establish more partnerships:

Mortgages & Refinance:

Go Wize Nations Lending. Their business is to get you the Lowest Rate on your mortgage. They specialize on discounted Mortgages and Low Cost Financing.

With over 2 billion dollars of residential mortgages closed, why not give them a call.

For Mortgages and Refinance Call: 888-302-4382

For Debt Releif & Home Loan Modification

Go Wize: Having worked in the Financial Industry since 1993, this company understands that a person can be buried in debt for circumstances outside of their control.

Get Started Right Now:

For Debt Solutions Call: 888-581-5808

Home Loan Modification Call: 888-839-2921

Credit Management Companies:

Need To qualify for a loan? Is time to take a look at your credit report.

Lexington Law is a trusted leader on Credit Repair. Having helped customers take action on their credit report since 1991, they have helped over half a million clients remove questionable items from their credit report.

For Lexington Law Call: 888-761-4101

Go Wize Credit Repair, They are one of the top full service credit repair companies. For the past 22 years they have helped client remove negative credit reports including bankruptcy, tax liens, judgements, foreclosures, and repossessions.

For Go Wize Credit Repair Call: 888-678-5811