Bad credit loans are designed for borrowers who have made financial mistakes in the past. These loans are designed for people who do not have perfect credit. However, if your credit score is quite low, you might not even qualify for a bad credit loan. If you have just filed for bankruptcy, for example, and need a loan, you may have a hard time securing a bad credit loan, even if you have a job and a way to repay the loan. Also, if your credit score is quite low, the fees and interest rates on bad credit loans can actually be higher than the interest on advance payday loans.
If you have made a few mistakes and bad credit loans are not an option for you, advance payday loans can be one way to get a loan in spite of your credit history. There are no credit checks with advance payday loans, so as long as you have a job and a way of repaying your debt, you likely qualify for advance payday loans. This can make advance payday loans a great option in an emergency.
Bad credit loans are designed for borrowers who have made financial mistakes in the past. These loans are designed for people who do not have perfect credit. However, if your credit score is quite low, you might not even qualify for a bad credit loan. If you have just filed for bankruptcy, for example, and need a loan, you may have a hard time securing a bad credit loan, even if you have a job and a way to repay the loan. Also, if your credit score is quite low, the fees and interest rates on bad credit loans can actually be higher than the interest on advance payday loans.
If you have made a few mistakes and bad credit loans are not an option for you, advance payday loans can be one way to get a loan in spite of your credit history. There are no credit checks with advance payday loans, so as long as you have a job and a way of repaying your debt, you likely qualify for advance payday loans. This can make advance payday loans a great option in an emergency.
It’s easy to blame payday cash loans when borrowers get into trouble. Some borrowers get multiple payday cash loans and face ever-growing interest rates as the amount borrowed and the interest increase. It is true that payday cash loans cost more in interest fees than many loan alternatives. Companies offering payday cash loans charge higher fees because they take larger risks in lending money. And not all companies offering payday cash loans are the same – some unscrupulous companies charge up-front fees or other costs frowned upon by legitimate payday cash loan companies.
In many cases, though, the problem is not necessarily with payday cash loans themselves but with the way they are used. If you are living paycheck to paycheck (or not even making it that far) it can be tempting to get multiple payday cash loans, but if you have no emergency cash fund, it can be very easy to get overwhelmed with debt. Even small loans can be overwhelming (and damaging to your credit) if you can’t afford to pay them. If you’re not sure how to pay off your payday cash loans, there are many places that can help you. Financial counselors and free financial advice is available through many banks and many communities have free talks from financial experts that can be very useful.
It’s easy to blame payday cash loans when borrowers get into trouble. Some borrowers get multiple payday cash loans and face ever-growing interest rates as the amount borrowed and the interest increase. It is true that payday cash loans cost more in interest fees than many loan alternatives. Companies offering payday cash loans charge higher fees because they take larger risks in lending money. And not all companies offering payday cash loans are the same – some unscrupulous companies charge up-front fees or other costs frowned upon by legitimate payday cash loan companies.
In many cases, though, the problem is not necessarily with payday cash loans themselves but with the way they are used. If you are living paycheck to paycheck (or not even making it that far) it can be tempting to get multiple payday cash loans, but if you have no emergency cash fund, it can be very easy to get overwhelmed with debt. Even small loans can be overwhelming (and damaging to your credit) if you can’t afford to pay them. If you’re not sure how to pay off your payday cash loans, there are many places that can help you. Financial counselors and free financial advice is available through many banks and many communities have free talks from financial experts that can be very useful.
Sometimes, a $15000 loan can mean the difference between medical treatment and pain, or the difference between an education or lack of skills for a job. There are simply times when you need to secure a $15000 loan for an important emergency or purchase. However, in order to secure such an amount you usually need to visit a lender or bank. While payday loan companies sometimes offer loans of up to $5000, these companies specialize in smaller, short-term loans. A $15000 is a larger and longer-lasting form of debt.
You have many choices if you need a $15000 loan. Some credit card companies offer balances of $15000, but for this you generally need a very good credit record as well as a good income. Keep in mind, too, that putting a $15000 loan on a credit card (or spreading the debt over a few credit cards) can be a very expensive way to borrow money.
Another option is to get a $15000 line of credit. A line of credit works like a bank account – you can draw money from the amount and even sometimes write checks on the account. Like a credit card, you can pay a minimum amount on your debt or pay off more of it. A line of credit usually has a lower interest rate than a credit card and can be a less expensive way to borrow money.
Another option is to secure a traditional $15000 loan. After you have been approved for this type of loan, the money is transferred into your account by the lender. If you need a $15000 loan, you will want to consider all options – traditional loans, lines of credit, credit cards, and other loan products. Compare loan products to find the most affordable loan that meets your needs.
Income Tax Advice and Information
In the United States, we pay income taxes to the government to pay for things like roads, schools, the military, hospitals, and other government-funded projects. Both businesses and individuals pay taxes on the money they receive. Businesses pay taxes on the revenue they bring in. Likewise, people pay taxes on their income.
The Internal Revenue Service, IRS, is responsible for collecting the federal income tax and enforcing the income tax laws put into place by the President and Congress.
Income taxes aren’t optional. Every person and business in the United States is subject to income tax. That doesn’t mean you’ll actually have to pay income taxes every year. It just means your income could be taxed under certain circumstances. If your income is above a certain level, you must file a tax return, even if you don’t expect to pay any income tax. You’re subject to penalties if you don’t file an income tax return when you’re required to do so by law.
When you owe income taxes, you pay them throughout the year. During your first week of work with a new company, you’ll typically fill out a W-4 or W-9 form. With Form W-4, you indicate your filing status and number of exemptions and the employer withholds the appropriate amount of taxes. Your employer will send taxes to the federal government – and state and local governments, if applicable – on your behalf based on what you filled out on your W-4. As a contractor, you fill out a Form W-9and simply give the company your tax payer identification number (social security number) to report your earnings to the government. You’re responsible for paying your own income taxes to the IRS.
Once the tax year has ended, you file an income tax return with the IRS. If you paid more taxes than you should have during the year, you’ll receive an income tax refund. On the other hand, if you didn’t pay enough taxes, you’ll owe taxes to the government. The taxes you owe from the previous year must be paid by April 15 or you’ll be subject to interest and penalties.
Different incomes are taxed at different tax rates. The tax brackets are: 10%, 15%, 25%, 28%, 33%, and 35%. The higher your income, the higher your tax bracket. For example, in 2021 a single individual’s income that’s less $8,025 is taxed at 10%, while income over $357,700 is taxed at 35%. The tax brackets change from one year to the next. It’s a good idea to check the IRS’ website (www.irs.gov) to find out your tax rate for that year.
You can reduce your tax liability by taking advantage of certain tax benefits that reduce your taxable income. For example, you may be able to claim contributions you’ve made to a charitable organization. Contributing to certain retirement accounts, like a 401(k), can also reduce your taxable income. Keep up with your tax-deductible expenses throughout the year to make it easier for your tax-preparer to file your income taxes. You might be unable to claim certain tax benefits if you don’t have the right records.
Deciding When to Use Home Equity
There has been a lot of talk in recent years about using home equity to finance loans and lines of credit. This shouldn’t come as a surprise, since home equity has both a high value (provided the homeowner has been making payments on their home for long enough) and is easy for lenders to work with since the lien created by a home equity loan is based upon a piece of real estate. These two factors are what enable a number of lenders to offer better interest rates on home equity loans than they might be able to on other types of loans to the same individuals.
Home equity loans aren’t always the best option, however. You should carefully consider the ramifications before taking out a home equity loan… after all, it’s your house that you’re putting on the line if you aren’t able to repay the loan. This doesn’t mean that you shouldn’t apply for a home equity loan, however; instead, simply take a little time to learn more about home equity lending and use this information to help you to decide whether a home equity loan is right for you.
What Equity Is
Many people aren’t even completely sure what equity is, much less how it’s used as collateral for a loan or a line of credit. Basically, equity is the amount of money that you’ve invested into your house by making your mortgage payments. It’s the percentage of the house that you “own”, and is a representation of how much money has been paid against the total amount owed.
How Home Equity Loans Work
When you apply for a home equity loan, you take out an additional lien against your house or other real estate. This means that you have another claim against your property by a lender, and that if you are unable to repay your debts then the value of your house or real estate will be used to pay off the original mortgage and then the remainder will go toward your secondary lien. Obviously, borrowing against the equity in your house or another piece of real estate reduces the amount of equity in the property… meaning that you have to begin building up your equity all over again.
Home Equity Lines of Credit
Slightly different from a home equity loan is the home equity line of credit. These credit lines work just like credit cards issued by any bank, but they use the equity in your home or real estate as security to guarantee that you’ll repay whatever you charge to the credit line. These lines of credit are a popular alternative to some home equity loans, especially those that would be used from some home improvement projects or multiple purchases or payments.
Home Equity Loan Recommendations
When trying to decide whether or not to use your home equity to secure a loan or line of credit, you should stop and ask yourself if there are other options available. Do you really need the loan or line of credit? Is there any other potential collateral that could be used as security instead of your equity? Will the payments for the new loan be manageable with any other debts that you might have?
By taking the time to consider your alternatives you might find that it’s much easier to make the decision of whether you should use your equity as collateral. The most important thing is to make sure that you can afford to repay what you borrow, since you’re putting a lot up for your collateral.
I just got a ton of Xmas gift stuff for my kids
plus a Xmas outfit for less than 50 bucks. My daughter wanted furniture for her doll and I found things that I can paint or modify slightly and it will work. Buying what she wanted brand new would have been several hundred dollars. It feels so good to be able to get these alternatives.
I also found her a refurbished kindle for only 129. Full price for this model is 300.
I cannot believe how much money I wasted I the past by buying new.
We are going to be able to have a great Xmas this year and not overspend the funds from our Xmas account. It feels really good.
We received an ironic notice from EDD yesterday
For those of you who don’t know, California “upgraded” its EDD payment processing system on September 1. It didn’t work any better than the Obamacare exchange, consequently, all Californian’s on unemployment did not get a benefits check until about September 23. By October 15, 20% still had not seen a benefits check since August 23 (we were in that group.) By October 23, they had ‘caught everyone up’ through benefits to the end of September. BTW, we have exhausted our state unemployment with that Oct 23 payout. Fun times.
Here’s the ironic miracle. Federal unemployment was impacted by the sequestration. If you started Tier 1 between April 23 and September 22, your unemployment drops 17.69%. If you start Tier 1 September 23 or after, you are at normal (what you got from State.)
Due to the start/stop of DH working for that company 3 weeks, and the CA software brouhaha, guess when we are counted as starting Tier 1? September 29th. So we still get the same amount as when we were on state, rather than nearly a $90 a week drop. $360 a month would have been a lot to try and make up. So I am grateful for small miracles.
So here’s my question. My odds and ends are keeping us afloat bill payment wise (particularly since DH’s unemployment which covers most of rent has kicked back in.) My O&E money doesn’t quite jive with when cc bills are due, example, I missed the WalMart due date by 1 day, so it got skipped this month. (I’m going to get the $25 late fee tacked on anyway, so I might as well let that payment go towards not being late somewhere else.)
It got me thinking. After 4 walls and car stuff (payment, insurance), should I just start saving up and paying things off? I have a few CCs whose balances are like in the $200-400 range. Rather than make minimums, am I better off skipping a month and just paying 1 off entirely? I know I would rack up, say, $100 in late fees in a month (6 cc x $20ish), but by the time I got to month 4 or so, that would be negligible, and I would be almost entirely out of debt except for 1 CC and the car loan.
Thoughts?
We all expect our kids to say or do cute things when they are little
After all Art Linkletter said it best “kids say the darndest things.” Yes, Art had the show first for you younger kiddos.
But every so often my adult children still have me rolling on the floor in laughter. Today was one of those days. I’ve not been online for a couple of days due to storms and internet issues so I was running behind on all posts and especially facebook. So I caught about 3 days of their posts all at once and I was soon laughing so hard I had tears running down my face.
DD started it off talking about how she loved Halloween so much as a child because we always had great costumes for her (thanks Sammi) and then went on to now she has nothing to wear because she dresses so outlandishly every day. The way she worded it had me in fits of giggles, but to others it wouldn’t be as funny I’m certain.
So my multi-colored hair daughter who may show up to work in anything from Steampunk to medieval clothing regrets she can’t dress up for Halloween now. And before you ask, her dressing outlandishly at work is the norm for several of the employees so her career is not in danger.
Not to be outdone ds is “bemoaning” the “Smurf blue” outfit he’ll be wearing the next several weeks as he does walk downs at a gas plant. He went into a whole routine about being Papa Smurf, and then thinking he was going to have to shave off five pounds of his unruly red beard, then relief for all responding friends when he found out he doesn’t have to, but that he will have to be prepared to shave at any time “just in case.”
This lead to him saying he was going to have to carry Barbasol and a razor on a tool belt as he mapped and measured and wondered if he’d need a concealed carry license to do that. It disintegrated from there to the point I could hardly see from laughing so hard.
I’ve decided both my kids are certifiable and I love them for being that way.
9.3% is good … but not 12%
In my early years of investing I also did not hold bonds in my portfolio because I had time on my side. Now that I am about 8 years from retirement I cannot afford the risk of having 100% of my portfolio in stock mutual funds.
Yes, bond FUNDS will lose principle value as interest rates increase but individual bonds held to maturity do not experience this loss in principle.
So, a portfolio asset allocation for someone that is nearing retirement should look different than that of someone that has 25-30 years before retirement. My point is, be careful, asset allocation is a function of time.
I also think DR should use 10%
It is too hard to predict future returns based on past returns. But being in index funds reduces your expense fees. Most people won’t get 12% because they won’t buy on dips and will sell in bad times.
You bonds are going to lose value as interest rates go up
I hope they are in a short term bond fund. Long term bonds will get killed in the coming years. Dave has never been an investment person. That is why he pawns it off onto others.