 |
Further
Reading ...
|
|
Internet Nostalgia - Remember "This Dumb Little Ad?" - Cathy Bryant
Watch out - if you do, you're showing your "Internet Age!" I am, of course, referring to the now infamous "Cookie Cutter" marketing program which was all over the internet when I first began exploring the online business world (circa mid-1999)....
Use Blogs to increase traffic to your web site - Brandon Hong
How Can You Use Blogs to Increase Traffic? I conducted my 1st customer appreciation webcast on April 12th 2005 to answer my subscribers' most pressing question on Blogs and Rss. Here's one of the questions I have: How can you use blogs to incease...
Using Sector Funds to Construct Diversified Mutual Fund Portfolios - Sam Subramanian
‘Sector funds are too risky.’ ‘I doubled my money with Fidelity Select Technology in 12 months!’ ‘Avoid sector funds.’ If all of this sounds confusing, you are not alone. Sector funds are among the more misused and misunderstood investments. So, how...
How to Get Started Blogging in 5 Minutes or Less - Linda J Bruton
I put off starting a blog for a long time because I thought it would be hard. I thought it would be technical. I thought I'd have to install scripts and tear my hair out getting them to work. At that point, most of what I'd read about blogs and RSS...
|
|
|
Cash Advance Payday Loans
|
 |
Written By:
David Myers
|
|
|
The ads are on the radio, television, the Internet, even in the mail. They refer to payday loans - which come at a very high price.
Check cashers, finance companies and others are making small, short-term, high-rate loans that go by a variety of names: payday loans, cash advance loans, check advance loans, post-dated check loans or deferred deposit check loans.
Usually, a borrower writes a personal check payable to the lender for the amount he or she wishes to borrow plus a fee. The company gives the borrower the amount of the check minus the fee. Fees charged for payday loans are usually a percentage of the face value of the check or a fee charged per amount borrowed - say, for every $50 or $100 loaned. And, if you extend or "roll-over" the loan - say for another two weeks - you will pay the fees for each extension.
Under the Truth in Lending Act, the cost of payday loans - like other types of credit - must be disclosed. Among - continued below ...
|
|
|
continued ...
other information, you must receive, in writing, the finance charge (a dollar amount) and the annual percentage rate or APR (the cost of credit on a yearly basis).
A cash advance loan secured by a personal check - such as a payday loan - is very expensive credit. Let's say you write a personal check for $115 to borrow $100 for up to 14 days. The check casher or payday lender agrees to hold the check until your next payday. At that time, depending on the particular plan, the lender deposits the check, you redeem the check by paying the $115 in cash, or you roll-over the check by paying a fee to extend the loan for another two weeks. In this example, the cost of the initial loan is a $15 finance charge and 391 percent APR. If you roll-over the loan three times, the finance charge would climb to $60 to borrow $100.
Dave Myers
http://www.us-cash.com
|
|
|
|
 |
|
|
| _Additional Resources ... |
|
How To Start Your Own Business and Be Successful - Willard Michlin
In the Movie and Play “South Pacific” there is a song called “Talking.” The words to that song go like this. Feel free to sing it. “Talking, talking, talking, talking, talk. Talk about thing you’d like to do. You have to have a dream. If you don’t...
Be Proactive - Covey Habit #1 -part a - Steve Wright
The first Covey Habit is to "be proactive". Now when I first heard this I thought this basically meant "do stuff". Proactive people to me were people who simply did things rather than sit and watch, they took the initiative. So to me this was going...
CREATING YOUR FIRST INVESTMENT CLUB - Thomas A Hilton Jr
An investment club is a group of people who meet at least once a month to increase their investment knowledge. They agree to contribute a predetermined amount of money which they then pool together to invest, typically, in the stock market. ...
|
|
|
|
|
|
|
|
|
|
