Financial Tips for Seniors Getting Payday Loans

Payday loan: A short term unsecured loan intended to cover the borrower’s expenses until they receive their next paycheck.

Payday loans have proven a popular way to borrow money for some time now, and not only amongst the employed, but also amongst senior citizens. Although payday loans have proven popular, seniors are still advised to exercise caution when applying for a short term unsecured loan because some providers offer interest rates that aren’t as competitive as others. Therefore, seniors need to be aware that there’s often a substantial difference between the offerings of one payday loan provider and the offerings of another.

Perhaps the best advice that can be given to seniors interested in payday loans is to shop around. There are numerous providers of these financial products and some are simply a much better choice than others because they offer better interest rates, they make it plain how much the borrower must repay and they also make their terms and conditions clear right from the start. Moreover, seniors are also encouraged to ask themselves if they really need a payday loan and whether they’re sure they’re comfortably able to make repayments.

Provided seniors need to apply for a short term unsecured loan and they can comfortably afford to make repayments, they should take the following advice into account when sourcing payday loan providers.

1. Know the risks

Before seniors apply for payday loans, in fact before they even begin sourcing short term unsecured loans, they’re encouraged to familiarise themselves with the risks involved. Provided that they are able to meet their loan repayment commitments they won’t encounter any problems, though should they find themselves unable to meet their repayment commitments they could find themselves in hot water. Therefore seniors need to make sure that they can afford to make repayments comfortably before applying, and if necessary, discuss their situation with someone who has a good understanding of the process involved. 

2. Shop around

As was mentioned earlier, it is imperative that seniors shop around for a competitive provider of payday loans because some providers are much more competitive than others, so seniors stand to pay back substantially more if they’re not selective regarding the payday loan providers they apply for loans to. There’s more to a competitive loan than just the APR, though that is inherently important, so also take note of the fine print and terms and conditions of the loan, and also check online for negative reports about a provider before applying since providers that attract negative publicity should naturally be avoided. 

3. Source a competitive APR

The APR (Annual Percentage Rate) tells borrowers the cost of a short term unsecured loan with regard to how much they need make in repayments, though as discussed above, seniors still need to take into account other factors when applying for a loan. If they have a good credit rating this could help them to procure a more competitive interest rate, though they must also bear in mind that if they encounter problems making repayments this will affect their credit rating adversely and may make borrowing in the future problematic. 

4. Check the small print

Failing to check the small print is where many seniors experience problems after successfully applying for payday loans, though it shouldn’t because good loan providers make available all the information seniors require when applying for payday loans online. Seniors need to familiarise themselves with, amongst other considerations, the implications of non-payment to their credit provider and the disclosure of fees, including the APR (interest rate). 

5. Don’t apply for more than one loan

Seniors also need to bear in mind that applying for more than one short term loan at a time can also prove problematic, and that they should never apply for another unsecured loan in order to meet their outstanding loan commitments. Too many people, and not only senior citizens, have landed themselves in hot water by applying for a second loan to repay the first, so avoid applying for another payday loan until the first has been repaid.

Provided that seniors take these five tips into account, they’ll find that payday loans are a competitive means of procuring quick cash when needed.

Earn Extra Income Working from Home

While it comes to earning extra income while working from home, the first thing that comes to mind is the Internet. Actually, there are a number of ways to make money online even by using the traditional methods of earning money. Because, at present the scope of earning extra money online while sitting back at home work like as a bliss for a number of people including the housewives, retirees, students and even for the part time office workers. Owning any online business is one of the popular methods of working online from home. The only key to earn money while working from the home is only to focus on enhancing your creativity and skills as these things can only help you to earn money online. Earning some extra money online, you can easily pay off the bills and the debts that you have without any worry. Besides, you can also save the money to build up capitals that will secure your future.

But the great thing of earning money online is that one can really earn a good amount of money only by following a few simple steps. In order to be eligible to run any online business or to work online, you don’t have to be a computer genius. Your skills will help you to discover the things which work online and also the things which you should avoid.

There are a number of options available through which you can earn online. Here in this article, I will describe some of them. Keep on reading to learn more.

• Writing articles: You can start writing articles and submit those to the directories, which will pay up front. Or you can enter into any revenue sharing scheme, which will allow you to earn some residual income from the writing. Apart from that, you can also use your article writing capacity to market your online business as well as to earn lucratively. 
• Working as a courier agent: You can start earning online by becoming a courier company agent. There are a number of reputable courier companies available in the market that provide both cheap international shipping and cheap national shipping facilities to the clients, you can work with any of them and can maintain the details and the data related to the parcel delivery to USA and in any other countries of the world. 
• Setting up your own online business: You can set up your own online business by using the affiliate marketing business models. With the help of these models you can earn money online or you can also use this medium as the source of earning money online on a full time basis. This process will help you to enjoy the residual income online. 

These are just the three proven and popular ways of earning money online. You will find lots more opportunities like selling on eBay and delivering to international clients while searching online. All of those opportunities can provide you additional or even unlimited income. You just have to careful enough while choosing the job in order to avoid the scams.

This article has been authored an expert client analyst from France. He offers great tips Parcel delivery to USA and advices cheap international shipping on the issues of customer service through his articles.

Keeping Fit Through-out Your Retirement

Is it time to retire? Good for you, you deserve some hard-earned time off! Retirement is the part of life that most people who have their feet firmly planted in the working world look forward to. Perhaps not too soon because retirement comes with age, but those getting on in their years who are starting to feel like they need a nice, long rest will welcome retirement with open arms. 

There is one major setback that comes as part of the retirement package and that’s laziness. When you’ve stopped getting up and going to work every day, you may find that you start losing your energy. It is a well-known fact that energy breeds more energy and doing nothing all day with leave you feeling tired. Retired people can begin to feel weary and their health could possibly diminish without a project to keep them busy. If you’re retiring, do yourself a favour and KEEP FIT.

When you keep fit, your body will thank you. You’ll have enough energy to do daily chores around the home, play with the grandkids and see your friends!

But the number one reason to keep fit is in case you have an enhanced annuity fund. Think of it this way, when you have an enhanced annuity you are essentially making a bet with your insurers. If you outlive your life expectancy, you have won the bet and if you die earlier then insurers make a profit. It’s that simple, so if you want to win the bet and not lose out on money then you should do regular exercise and eat as healthily as possible.

Try to cut out eating red meat more than once or twice a week. Stick to lean meats, oily fish (no more than twice a week) and vegetarian alternatives like tofu or Quorn products. You will benefit from the protein levels without taking in the high fat content in red/fatty meats.

Try to get your recommended half an hour – an hour of rigorous exercise a day. Whether you love to run or just want to enjoy a brisk powerwalk, or maybe you’d prefer swimming, football, tennis/squash, or cycling, your health will benefit massively from regular cardio exercise.

Smokers are likely to get a higher enhanced annuity on retirement, so change your habits, kick the cigarettes and beat the odds! You’ll feel healthier, live longer and get a much better pension that anywhere else.

Try not to eat big, heavy meals too often in your retirement. It’s not healthy for anyone to eat large meals because our bodies can’t cope with so much food in one sitting. We put all of our energy into digesting what we’ve eaten (hence the sluggish/lethargic feeling after a lot of food) and the older we get, the harder it is that our bodies have to work. Eat small amounts often and you’ll feel energised, healthy and fit all day long. Make sure you eat complex carbohydrates (whole wheat/wholegrain foods) often and pack in important vitamins to help ward off common illnesses such as osteoporosis.

Nothing is More Interesting Than Insurance

Well, if you take that literally most people would find that doing nothing is indeed more interesting than sorting out things like insurance. However, it is one of those things we need to do or risk the consequences. With so many insurance providers and products on the market how do you know which ones are right for you?

Comparison sites

Many people now sort out all their insurance needs online. There are lots of comparison websites available which will give you quick quotes and compare policies that are available from different providers based on the criteria you submit. While these sites can not advise you on what is the best policy for you, they can filter a lot of information very quickly which saves you a lot of time. Always read policy details carefully and make sure you are clear about how much the 'excess' is, which is the cost you will have to pay towards any claim. Beware of special introductory offers which might tie you in to longer renewal contracts at higher prices.

Have you got everything covered?

There are lots of types of insurance available for different things you own or do: car insurance, home insurance for building and contents, travel insurance for luggage loss, health care or extreme sports. What is covered by each type of insurance can vary from one policy to the next so you need to check what you are getting for your money. For example, some personal items are not always covered by home contents insurance and if they are they may only be covered while they are in the insured home. So you need to read carefully through the features of your policy and never assume that something is covered. It might be too late when you find out that it isn't.

Policies based on your needs

Often your own circumstances can dictate the cost or terms of insurance policies available to you. Car insurers, for example, commonly identify age, postcode and the number of previous claims/accidents as risk factors which would determine the detail or cost of a policy. You may find that you belong to a particular demographic group which has insurance policies tailored specifically for your needs. Similar things can be said about contents insurance with a different range of packages available in the market. For example, AgeUK provides a range of insurance policies designed for over 50's. Click here for more information on AgeUK contents insurance.

Help is at hand

So, with so many options available, searching for insurance and making sure you get the right policy can be a bit of a minefield. Do not worry, you won't be alone if you need to ask for help. Impartial advice is available from the Money Advice Service online, over the phone or face to face. The Money Advice Service was set up in 2010 (although it started life under a different name) to help increase the public's knowledge and understanding of financial matters with the view to enabling them to better manage their own financial affairs.

Stressing about Paying for Christmas Presents? 4 Quick Fixes for Financing Christmas

Christmas presents may bring joy on Christmas morning, but buying them can also cause a huge financial headache for those who go into the holiday season unprepared. This Christmas, instead of waiting until the last minute to figure out how you will afford all the gifts you need to buy, try one of these four quick strategies for financing your Christmas spending. 

Set Aside a Little Money from Every Paycheck

If you set aside a small amount from every paycheck, when you are ready to do your Christmas shopping, you will already have the money you need set aside. To figure out how much money you need to save each week, figure out how much money you want to spend and divide by the number of weeks you have left until your shopping needs to be done. 

Earn Some Extra Cash

If your finances are so tight that there is no extra to be put aside, another option is earning extra cash for Christmas. You can do this by picking up extra shifts at work, selling unwanted belongings you have lying around your house or donating plasma. You can sell homemade crafts or offer tutoring lessons. You are only limited by your creativity and motivation. 

Get a Small Loan

Christmas gifts. (Photo credit: Wikipedia)

If, despite your best planning, you find yourself in the last few days before Christmas with more gifts to buy and not enough money to cover them, you may consider getting a small, short-term loan to cover your last minute Christmas shopping. A payday loan from places like Power Finance in Dallas may be just what you need to fund the best Christmas your family has ever had. 

Agree to Spend Less

If the reason that you are short on Christmas funds is because your family always spends extravagantly, make a pact with each other that this year you will limit spending to a more reasonable amount. You may want to place a limit on the number of presents you will buy or the amount you will spend on each person. You may agree to do a white elephant or secret Santa gift exchange instead of buying gifts for everyone.

The best way to fund your Christmas is to prepare in advance. Whether you choose to set money aside, earn extra cash, spend less or take out a short term loan, make your family’s Christmas the best one yet by making sure you have the funds to pay for it.

How Much are your Vices Costing you Every Year?

A pair of In-N-Out cheeseburgers. (Photo credit: Wikipedia)

We all have bad habits of different types. You may think its okay to indulge in the occasional vice; you work hard, you need to let off steam and have some fun. So what if you have a few drinks after work or buy another pair of shoes. If you have so many shoes that you keep them boxed under the bed because you have nowhere to store them or if your few drinks after work have become a daily ritual, this means that your vice has become habitual and you may need help to reverse your ways. 

Fast food

We all love the convenience of fast food, especially if you don’t have to get out of your car! With many fast food outlets open 24 hours, it is so easy to order, then drive through and collect your order. As an occasional treat, this is okay but if you find yourself eating fast food on a daily basis, this could have a detrimental effect on your health and your wallet. 

Daily coffees

It is so nice to start the day with a freshly brewed cappuccino or latte. The true coffee aroma is intoxicating and grabbing one of the way to work plus having one at lunch time is only loose change. Well, that’s how it feels but add up two coffees a day and see how much you’ve spent on coffee or energy juices in a month. 

Cigarettes

The price of cigarettes has risen dramatically over the past few years. Government taxes on cigarettes are exorbitant. If you total how much you would spend on cigarettes per week, you would then see how much your smoking vice is costing you per year. For smokers, insurance policies are also more expensive. 

Impulse spending

Unfortunately, the euphoria you experience after purchasing the must have item, is short lived. The reality check happens when you first sight your credit card statement. You must keep track of your spending and put a stop to unnecessary impulse buying. 

Alcohol

A Kranz (wreath) of Kölsch beer. (Photo credit: Wikipedia)

You can buy a bottle of wine at a reasonable price and a whole bottle of liquor can last for ages. This may give you false reassurance that you are not continually outlaying money for alcohol. Add up your weekly spend and then work out how much a year your drinking vice is costing you. Social drinking is acceptable but excessive drinking can lead to many health issues, such as liver damage. Heavy drinking can also cause inability to drive a motor vehicle or inability to focus. This may also have an effect on your employment and your close relationships. 

Research has shown it takes approximately two months to break a bad habit. Once that has been accomplished, it is important not to replace the old vice with a new vice. Vices can cause havoc with your pay packet. Adding up how much you spend on cigarettes, alcohol or impulse shopping can be quite a shock. If you need help with a budget plan, Fox Symes can assist you, click here to check out their website. Fox Symes offers solutions to individuals to help reduce credit card debt and can provide valuable advice on consolidating your debt.