What Are Short Term Loans?

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Hasn't it happened to all of us, where something has gone wrong like a medical need or a unexpected car repair and we need some cash. In times like this we wished we would have put a little money aside. But according to Consumers Credit Association more than 70 percent of Americans have no savings or way to get some fast cash for an emergency.

The typical short term need is generally between $100 and $1500. But usually the first emergency need is between $300 - $500. The problem with an emergency is you don't have the time to use the regular channels associated with borrowing, be they credit card cash advances or your local banks loan department.

The choice left to you is to try to get a short term loan which is either a payday loan or an installment loan. The time frame for paying back the loan is between 2 to 4 weeks. With it usually being 2 weeks. Because of the convenience and quickness of the loan process be prepared to pay a higher rate of interest. Also be very sure you are going to have the money to pay back these fast cash loans.

Applying for the loan consists of providing basic information. You will then be explained all the fees and what dates the money is to be repaid. Also expect a fee charged by the loan office on top of interest payments. This type of loan is more expensive to the consumer because the lender does not do a credit check and you do not have to provide collateral. The lender bases the loan on the amount the borrower makes at their job.

As with all financial decisions it is important that you understand the seriousness of using these services. Short term loans can help borrowers handle emergencies when caught short of cash but they are not to be used as a way of life. Prepare for the next emergency soon by starting to save some money each week.

How to Apply For a Loan at a Peer To Peer Lender?

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Peer to peer lending has emerged as a popular option for people seeking financial assistance. While the option of obtaining a loan from a bank or traditional lending institution is still there, peer to peer lending has picked up steam over the past few years. Basically, peer to peer lending is done peer to peer, which means there is no middle man. A person offers money on loan to another without any intermediation from a third party. There are dozens of reputable websites providing peer to peer lending for you. There are other unconventional alternatives such as an open door loan, but you will have to pay the pay day loan charges.

How to Apply for a Loan at a Peer to Peer Lender

The peer to peer lending network is based on individuals providing the cash for lending. The private investors seek to earn interest on their money by lending it to people in need. A person having issues obtaining a loan from a bank can easily avail the option of a peer to peer loan. The purpose of the loan is negligible. What this means is that the borrower does not have to go through the red tape banks and lending institutions are known for. The lenders earn a solid return on their investment without indulging in high risk. It is the perfect deal for both. Here are a few tips you can follow for applying for a peer to peer loan.

Have a Good Credit Score

The requirements of a good credit rating aren’t as stringent as they are for banks. This is the benefit of getting an open door loan or a peer to peer loan. If you don’t have the ideal credit rating, you can still obtain the finance you require. To get a peer to peer loan, you need to have a credit score of 660. If you are not at that mark yet, you should try and improve your financial situation before applying for the loan. There are hundreds of websites where you can find information for improving your credit score. Bad credit is unwelcome to peer to peer lenders so don’t even consider that you have a chance to get a loan if your credit score is below 660.

Find the Best Peer to Peer Lending Websites

As mentioned above, there are dozens of peer to peer lending websites. The only issue is that they are not made equal. Some are good but some aren’t. You need to be wary of the websites that don’t have a good reputation. When you explore your options, make sure you only browse the websites that are reputable. Otherwise you are wasting your time. Make a list of three to four websites you prefer and then select the one you think is the best one for you.

Register on the Website

Before applying for a loan, you need to register on the peer to peer lending website. This is a simple process. You only need to provide the information they require. This includes your personal data and a few other relevant points about you. Moreover, you need to specify the amount of money you want to borrow so that interest lenders can locate you easily.

Assess the Offers

After registration, you have to wait for loan offers to come. When you receive a loan offer, make sure you study it in detail. There are many things to consider and the smallest point can make a huge difference in the long run. Typically, the length of a peer to peer loan is 36 months but the websites have different rules. Only accept the loan offer if you are completely satisfied with it. Once approved, you will receive the amount of money you wanted.

Conclusion

These are the few tips and steps you need to follow in order to apply for a loan at a peer to peer lender. Keep in mind that you might not be able to achieve your goal right away. Be patient and browse a number of websites in case you are not happy with the service provided by the first one you select. After all, a peer to peer loan is a better option than having to deal with pay day loan charges.

4 Ways IT Outsourcing Companies Can Save You Money

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All fledgling businesses have two problems, finding clients and managing a restrictive amount of money for expenses. Managing your business income means finding ways to save money. The new business man trys to save money by performing as much work as possible themselves, so the need to spend money hiring someone is eliminated. They end up being the secretary, office manager, bookkeeper, and salesman. Add to that computer and network repairman.

As the business grows your time becomes more valuable and you hire people to do specific work around the office. It makes sense to hire help as you slowly build your business. The owner's skills are more needed in growing the business and maintaining its viability.

As a business grows what used to be an easy office duty is now a more involved and complicated job. As an example, your office network consisted of plugging your computer into a modem and going online. As the business grows, you are forced to network your Internet connection and have inter-office connectivity. The one computer online is turning into 5, then 10 ,then 20 computers that need local network as well as the Internet. The IT needs of your office has grown, to big and to complicated for an IT amateur.

Maybe it's time to get some help.

Hiring any of the best IT outsourcing companies can be intimidating at first but eventually it frees you up to pursue more money making goals. IT companies have much to offer a company and can contribute much to the profitability of a company.

4 Reasons To Outsource Your IT needs.

1. An IT company has access to equipment and technology that the average business owner cannot acquire. You will have access to the latest hardware and software your business needs to compete in today's business environment. Having this hardware can make your networking more robust and adaptable to a changing environment.

2. If you plan on your business expanding then your IT needs will also have to keep up and expand. More complicated networking solutions are necessary and do you have the knowledge to address this problem? Most likely your basic knowledge has gotten you far. If haven't needed outside help yet, eventually you will. IT outsourcing companies have the expertise and continually keep up with an ever changing IT environment.

3. Downtime is a business killer. What would you do if the site you needed to make a purchase at was down? Realistically the customer would move on to a competitor of yours to do business. Don't be the company that trys to save pennies and lets the dollars fall through the cracks. IT companies are able to watch the functioning of your site and will be able to keep the downtime at a minimum.

4. Your websites efficiency depends on the finesse of you IT professional. As systems function and grow they have a tendency to bog down. Your sites traffic will then slow down as a result. A slow site is a business killer. It says to the customer that this company doesn't care about its public face and if that's the case then what other ways does the company run itself poorly.

Having your IT work done properly just makes business sense. Letting an outside company handle your IT processes, can only make your company stronger. Experienced companies know their employees are better used by focusing on growing the business.

Save Money at Home in 10 Easy Steps

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Prices are going up on almost everything these days and many people are looking for ways to save money on the things that they buy. While you may not be able to have an impact on the prices of goods, you can take steps to save money in your own home. Following these 10 steps can help you minimise the amount of money that you spend and save money overall.

Start By Refinancing Your Mortgage

It's more than likely that the single largest payment that comes out of your bank account each month is for your mortgage. It's also quite likely that you've got used to it being around - kind of like a well used reclining chair. But mortgage rates fluctuate, a lot. Even if you could shave off half of a single percent, you could save an awful lot of money each month!

Avoid Standby Mode

One way that you can save money at home is to avoid standby mode on your appliances and electrical devices. Many people leave their televisions and computers on standby mode when they aren't using them. While this seems like it might save you some money on energy, it actually does not save you money in the long term. If you want to save money, consider turning off the item completely.

Switch to Energy Efficient Lighting

One of the ways that people waste money is by using lighting in their homes that is not energy efficient. By switching over to energy efficient light bulbs, you can save quite a bit of money on your electric bill every year. While you may have to pay a little bit extra to get the light bulbs, you will save money over the long-term.

Avoid Air Conditioning

Many people leave their air conditioners on all the time when it's hot outside. If you can avoid leaving your air conditioner on all the time, you can save quite a bit of money on your electric bill. Instead of leaving central air on all the time, consider turning it off more often. If you turn off the air and turn on the fan, you can stay cool without the big costs. You may even want to consider installing a window air conditioning unit in the room you spend the most time. This is often much cheaper than leaving your central air conditioning on all the time.

Look at Your Utilities

Much of the money that you spend each month goes toward utilities. Spend some time focusing on what types of utilities you have. Consider whether you can switch over to utilities that are cheaper. For example, if you can switch your heating over to natural gas, you may be able to save money on your monthly bills. Switching over to solar panels could save you quite a bit of money on your utility bills over time.

Cut Down on Energy Waste

Another way to save money on your monthly expenses is to eliminate the energy that you waste. This can be done by improving your home and making it more efficient. Use caulk to seal up windows and put weatherstrip around the edges of doors. This can keep air from going in and out of the home and make it easier to heat and cool your home.

Reduce Water Consumption

Save money by cutting down on the amount of water that you use. Install low-flow shower heads and toilets when possible. Don't leave the water running when you brush your teeth.

Cut Coupons

Saving money on your groceries is another way to minimise your expenses. If you cut coupons and use them when you shop, you can save hundreds of dollars every year.

Do Regular Maintenance

Focus on doing maintenance on your house regularly. If you keep your home up to date with maintenance, you'll be able to avoid major repairs down the road.

Avoid Fees

Stop paying unnecessary fees to your bank, your credit card and other things. Avoid fees like insufficient funds fees and transfer fees and you can save quite a bit of money.

Bonus: Stick to a Budget

If you are willing to stick to a budget, you can save money on your expenses overall. Those who don't stick to a budget end up spending a lot of extra money over the course of a year.

4 Reasons to Pursue Online Education in Retirement

E-learning short courses (Photo credit: London College of Fashion short courses)
Younger people have been privy to the benefits of online education for many years now, just because online developments tend to reach the "digitally native" set faster than others, who don't necessarily spend enormous amounts of time on the Internet. Online education is still in its relative infancy, but as it becomes popular, more and different types of people can benefit. Online education is especially well-suited for baby boomers for many reasons. Here are a few to consider:

1. You can continue learning from the comfort of your own home.

This is perhaps one of the best reasons for taking courses online. Many who have retired but want to pursue further education may sometimes feel uncomfortable or out-of-place learning alongside those who are much younger than you. With online courses, you can skip out on that tedious classroom environment altogether.

2. You can gain knowledge while honing your technology skills.

This is another great reason, particularly for baby boomers, who may not know their way around computers and the Internet as much as they would like. Online classes force you to become more adept at using computers through mere exposure.

3. It's much more economical than taking adult or continuing education classes.

Baby boomers are an intellectually curious bunch, as the popularity of adult and continuing education classes demonstrates. Having worked at a continuing education school offered at university before, I know that classes can often be very expensive. Courses online are substantially cheaper (sometimes free!) and much easier to register for.

4. All you need is a computer and Internet connection, so you can still take classes and travel.

Baby boomers are constantly traveling, so perhaps your concern about continuing your education is that you'd have to give up your wanderlust lifestyle. With online courses, the classroom essentially becomes anywhere you want it to be, as long as you have your laptop and access to the Internet. Some courses may require books, but almost all the information you need can be found online.

After retirement, continually challenging yourself is extremely important in keeping both your body and mind fit. Online classes offer an easy and affordable way to keep your mind still going. For more information about online classes, check out this AARP article on e-learning.

Author Bio:

Maria Rainier is a freelance writer and blog junkie. She is currently a resident blogger at First in Education where she writes about education, online colleges, online degrees etc. In her spare time, she enjoys square-foot gardening, swimming, and avoiding her laptop.

Top 7 tips for Evaluating a Health Insurance Policy

It can be difficult to navigate the maze of private medical insurance. In order to secure the best protection for you and your family it is important to be aware of a vast and ever-changing body of law and practice. It is no exaggeration to say that your financial and medical future depend on it. Here are seven tips to help you evaluate a health insurance policy.

 1. Take it seriously.

There is no way to over-estimate the impact these decisions have on you and your family. You may feel fine today, but it is a law of nature that someday you will not. It is then that your planning, or lack of planning, will show. Even though Americans can no longer be denied coverage for pre-existing conditions, the moment of need is no time to worry about policies and money. You owe it to yourself to prepare, and if you do not you will certainly regret it.

2. Consider the doctors in the network.

Make certain that they are accessible and competent. Look for reviews online. If you have a doctor who you are dedicated to but is not in the network be sure to budget extra funds.

3. Check the co-pay against the premium.

A low co-pay is wonderful thing but not at the price of a high premium. Take a guess at your average yearly medical expenditure and see how it works out with that plan. If you rarely visit the doctor it makes more sense to pick a plan with a low premium and save a little money for emergencies.

4. Comparison shop.

The only way to be sure you get the best is to know what is out there.

5. Look for details.

There's more to health than emergency care. Don't forget eyes, teeth, or maternity; all things commonly left out of plans.

6. Check the plan for changes.

Health care law and insurance policy change every day. Even if you are using the same provider as last year, check the fine print and make sure it is the same plan.

7. Trust your instincts.

If you see a lot of things in a policy that raise warning flags, heed them. If a contract has one thing that you find unethical, it's a good bet that there are others that you have not seen yet. In a very real sense you are putting your life in their hands. Do not do business with agencies that you do not trust.



Eddie Adams is a Content writer with an interest in topics relating to health, cosmetic dentistry, tourism and green living. You can follow him @thefreshhealth on Twitter :-)