Solidifying A Better Future For My Kids
Trying To Get Money To Pay Off Debt? What To Try And What To Avoid
Jackie Watts
If you are low on cash and you need to find a way to pay off some debts, a payday loan advance may be the most practical option in comparison to other types of credit and loans. The payday loan doesn't require any money in advance, you aren't at the risk of losing any of your assets, and you can get the cash that you need to pay off some of the debts. Here are a few of the reasons why you shouldn't try the following options.
Secure Credit Cards Require Up Front Money
If your credit is so bad that you can't get a regular credit card, a secured credit card is your only option. In order to get the secured credit card you need to have the cash for the amount you want your limit to be. Then you have to use it, and you are out the money that you have to use to pay the bill when it comes in. If you don't pay the bill, your likelihood of getting another card any time in the near future would be very low.
Vehicle Title Loans Risk Your Vehicle
If you have considered using a title loan to get funds, you have to be sure you are willing to risk your vehicle. As soon as you are a day late with the payment the title company can repossess your vehicle, and then you can still owe money on the loan, and you're out of a car.
Home Title Loan Could Force Foreclosure
If you try to take out a second mortgage or a title loan on your home, you could end up having the house foreclosed on or repossessed. You don't want to risk such a large and important asset in your life to pay off some debts or by taking out a loan you may need longer to pay off.
A payday loan is best because you can spread the payments off to pay what you can afford, and you can make small payments until the debt is completely paid. You don't have to worry about anything getting repossessed or trying to get approved for a credit card with this type of advance. You can get more money from the same lender after you pay off the first loan, to keep making progress paying off the debts that you have. Eventually you can get them all paid off, and you'll have a good borrowing history. For more information on payday loans, visit a site like http://www.paydayexpresscashadvance.com
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One day a few years ago, I was forced to take a good, hard look at my finances. I realized that my husband and I were living outside of our means, and I knew that we needed to make some changes and fast. I started looking for ways to spend less money, and I was able to completely eliminate some of our largest expenses. It was a lot of work, but it really helped us to feel more free financially. This blog is here to help other people to spend a little smarter and to avoid the hassles that come along with spending more than you have.