Your Questions About Payday Loan Lenders

January 29, 2012 by Loans Guide  
Filed under Payday Loans

Robert asks…

Does anyone know of a legitimate place to get a payday advance loan?

I live in Florida. I have tried many websites but they just keep bouncing me to other sites that get me nowhere. I am hoping someone out there has actual experience with a lender and could point me in the right direction. Thank you.

Loans Guide answers:

All you will get online is ripped off. Phone book and 2 feet.

Mary asks…

I was wondering- when u get a payday loan?

When u apply for a payday loan can they approve u and not tell u then send u to another lender so then u owe even more cause ur really getting more than one loan if they can do that????

Loans Guide answers:

Most payday loan places do share information with other places. However, they can’t assign your debt to another place without telling you.

Daniel asks…

How do I get a personal loan with bad credit?

I am looking for a personal loan, but my credit is not good. I don’t want a payday loan but that is all I find on the internet when I type in personal loans for people with bad credit. Do you know any lender who will give loans to people with bad credit? I don’t really care to much about the interest rate. I just would like the loan to pay off some stuff and get some new things I need around my house. But I don’t own a home, so I can get a home loan.

Loans Guide answers:

Prosper.com They give loans to just about anybody, you just have to sell your story.

Susan asks…

What is guaranteed unsecured loan?

I’m very puzzled about the different terms when it comes to loans and this is one of them. I know that unsecured loans mean you can borrow money from lenders without collateral but you have to make sure your credit score is high. Am I right? If not, please explain. Then, what is guaranteed unsecured loan? Is payday loan also a type of unsecured loan?

Loans Guide answers:

Any loan which is made without pledging collateral. Home loans are secured by a deed of trust on the home. Car loans are secured by an endorsement on the title naming a lien holder, etc.

Credit scores do not necessarily come into play. You could borrow money from your uncle or a friend without any collateral other than a handshake or a promise.

A guaranteed unsecured loan is an oxymoron. The guarantor is liable in the event that you default and more than likely in a better credit position than you the borrower. That’s why the guarantor is acceptable to the lender.

Steven asks…

whats a good payday loan website?

i need a payday loan right away can u plz help me out instead of going thru a bunch of lenders

Loans Guide answers:

Hi
If you looking for a legitimate payday loans upto $1000 in 1 Hour .once approved your loan will be transferred directly to your checking account promptly, and securely. Now you’ll be able to use the cash for all your necessities.

Http://bestpaydayloancompanies.com

• 100% secure and processing
• No faxing -No credit check
• Immediate online approval
• Excellent customer service
• Get Cash in Minutes!
Good luck!…

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Your Questions About Payday Loan Consolidation Companies

November 21, 2011 by Loans Guide  
Filed under Payday Loans

Robert asks…

Can I consolidate my payday loans?

I know I’m a complete idiot for even getting one, but now i have 7 payday loans and I want to get rid of them all. Should I use a consolidation company like Destination Debt Solutions? I’ve tried getting a personal loan, but I’ve been declined on all of them and I don’t have enough in my 401k to borrow to pay them all off. Can anyone give me any good advice? I’m really desperate in getting them and I know I’m an idiot, so please advice only.
Please no other offers. I just want peoples advice.

Loans Guide answers:

Before you sign with a debt consolidation company, you should look into getting a second job, selling things you can live without, and/or cutting your expenses in order to pay off the payday loans. A debt consolidation company is going to cost you money and may reflect on your credit report, which you do not want.

Can you borrow from a relative to get you through? Or use a combination of the above ideas + your 401k to cover your loans?

Linda asks…

Debt consolidation?

Okay, I did something dumb and got into some cash problems. Took out a couple payday loans and I have racked my credit cards up. Can you consolidate all your loans and bills and stuff into one payment. How good of an idea is this. Anyone ever done and who did you go through. I wish I could just make one payment. Can I stop these loan companies from just debiting my account????I need help asap?????

Loans Guide answers:

Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes.

Http://www.worldbestloans.com/

Unlike bankruptcy, in which debts are cancelled and your credit rating collapses completely, debt consolidation loans are essentially a type of refinancing, where several old loans are replaced with a new one that has more favorable terms.

Daniel asks…

Debt consolidation for collection accounts?

Can you seek consolidation if you only have collections in your history? Thats the only thing that’s hurting my credit. I don’t have any credit card debt or repo’s or anything like that. I have alot of payday loans that went into default and they’re on my credit. Also once you go into default with a loan company and then pay them off are you elgible to reloan with them? I’d also like to know how to obtain my chexsystems report.

Loans Guide answers:

A word of advice: before you pay off those collections, try to negotiate with them that they will take all mention of the problems off all the credit bureaus. IF SO, GET IT IN WRITING! They want the money, they are negotiable.
How would you be doing this consolidation?
About reloaning with the loan company: it is up to each company to qualify or reject you. If they went to collection, typically they figured you would never pay them so a collection company paid them maybe 8 – 25 cents on the dollar and just try to get back what they can from you. Thus the lender may have already absorbed the loss from you and not be so open. Maybe if you have a good reason, like health problems.

James asks…

bill consolidation company?

is there one bill consolidation by name that has actually combined payday loans, or government agency that will help like they are doing for sub-prime lenders, please no web sites, a actual name and phone number

Loans Guide answers:

Direct Consolidation Loans allow borrowers to combine one or more of their Federal education loans into a new loan that offers several advantages.

Donna asks…

PayDay Loans have buried me!?

Ok, so I was very stupid to start taking these loans in the first place. The first one was ok, it was through a reputable company, and for a $500 loan, I ended up paying $600. Not bad. But then I started taking out loans through these on-line places. Between my wife and I, we have 7 out and are paying almost $1000 a month. For some of them I’m paying $90 every two weeks, and that has’nt touched the principal yet. Does anyone have any suggestions as to how I can out from these ASAP. I’ve thought about debt consolidation. I tried to get a personal loan from my bank to pay the payday loans off, but I was denied. Anyone who has been in similair circumstances and has some advice, it would be very much appreciated. Thank you.
I think these companies are complete rip-offs, but I still borrowed the money, therefore…I am going to pay it back. I think closing my bank account is a cowards way out, I got myself into this, I found them, they did’nt find me. I defaulted on one because they had my paydays wrong and tried to withdraw two days early. Well they called me and have set up some more acceptable payment plans. If I can’t find a decent consolidation plan, I think that may be the best bet.

Loans Guide answers:

You need to use the snowball method. Get rid of the one with the highest interest while paying the others with a little more than just the minimum payment. Then once that debt is gone, combine that with the minium to pay the second one, just like a snow ball!!

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Your Questions About Payday Loan Consolidation Companies

November 16, 2011 by Loans Guide  
Filed under Payday Loans

Sharon asks…

Is there a true site that will consider doing a consolidation loan to address about less than $5,000 of debt?

Not a company that will call my creditors and try to lower the rate or like, i have no credit card debt but i do have a payday loan (not secured), some pawns, and auto loan (payday like)…the entire debts under $5,000. I have poor credit, but a good income and any company would realize that i do have disposable income and more so if i can consolidate all of this. Basically i am looking to pay all this people off and have one payment short term…no more than a year…

Loans Guide answers:

It sounds like you are in need of a personal loan. Unfortunately you need good credit to qualify for that. Even if you could find someone to finance you, you will pay a high interest rate as I am sure you have with the payday loan and this will prevent you from paying down the principle. If you have a good income, pay extra each month on your current loans and debt and pay it off as quickly as you can. Good luck.

Charles asks…

Oak View Law -or- Langhorne Debt Solutions which company is better??

So here it is,I got into some payday loan debt upward $3000 and I realize this is something I can’t get out of by myself. I have talked with two companies about payday loan debt consolidation and am Unsure which one is the better choice

1- Langhorne Debt Solutions – I would initially pay $389 for the first months payment and $100 (enrollment fee $29.99 after). they won’t start my case until this is paid, and then a continue draft of $289 would be debited out of my account to be put toward my debt owed . 12 mth payback
Here’s their website: http://www.langhornedebtsolutions.com

2- Oak View Law – They don’t have any upfront fee’s, you determine how much you can pay each month and they take a little out for their fee (till it reaches $500), then it’s 20% of the amount agreed upon per debt. 12 mths payback
Here’s their site www.oakviewlaw.com

Loans Guide answers:

I just contacted Langhorn on yesterday and I have the same question. I want to make sure they are going to be able to help me help myself before I sign up.

Laura asks…

debt consolidation?

why in all of america there is not one debt consolidation company that can combine payday loans, do they have the sopranos protecting them

Loans Guide answers:

Practically any type of loan can be wrapped into the debt consolidation process. Common types include finance charges, late fees and overdraft charges, credit cards, personal loans, utility bills, medical bills, car loans, store cards, gas cards and back taxes. A debt consolidation loanold loans are replaced with a new one that has more favorable terms. Your loan consultant will negotiate with creditors on your behalf, so you’ll no longer have to deal with harassing phone calls and daily mail.

Helen asks…

Help with Payday Loans?

I have a couple of payday loans and was wondering if there was any consolidation companies or anything that would be able to help without costing an arm and a leg to do so. It’s getting to the point where its causing me to go a little farther into debt.
Payday loans are basically loans for people with bad credit that are trying to repair mistakes made in the past. They don’t require a credit check or anything.

Loans Guide answers:

No there are not any companies that will do consolidation of these loans…but here are some facts that may assist you:

1. Dont make your repayment and tell them you need to repay what is owed in smaller payments –they will let you

2. They will not report you to credit agencies – even if they threaten.

3. They will go after your bank account – so even if you promise to make smaller payments, watch your account so they dont try to submit your check (it happens- they are sneaky)

if you just stay in communication with them, they will work with you (usually) cause they want their money back.

Good luck :)

Lisa asks…

I am not quite 2yrs out of BK & am in need of obtaing a personal installment loan without a cosigner – Help?

I am not quite 2yrs our of BK and am in immediate need a Personal Installment Loan. I attempted to do payday loans without understanding fully, that the weekly payments were not against principal, but interest. I need to consolidate but are turned down because of my BK (less than two years), and consolidation companies also tell me that my debt is not substational enough to qualify. I make a comfortable salary, however, payday loans interest fees compromise a lump sum weekly. I am on top of the matter, but barley. I do not have a cosigner, so that is not an option. What Companies are available to assist persons like myself?

Loans Guide answers:

Try:

www.prosper.com, or
www.lendingclub.com.

The larger banks do personal loans but you may not qualify with the BK on your credit.

Generally speaking, the number of companies willing to do bad credit, no collateral loans are going to be very few and very far between. There is just too much risk involved.

Note: Any “private lenders” that respond here are scammers and are to be avoided.

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How To Finance Your New Car

December 13, 2009 by Loans Guide  
Filed under Uncategorized

Buying a car will be one of the biggest financial commitments you will make in your life. Luckily there is much that can be done to get you the car that you want at a price you will be happy with.

1) Before you start to take a few cars for test drives, get your finances sorted out. Automobile dealers will try and get you to use their financing plans, but these may not be the cheapest way to finance your new car. Shop around to find the best source of financing.

2) Provide as much as possible as a down payment. The more you provide as a down payment the less you will need to borrow. The more you pay as a down payment then the less interest you will need to pay back each month.

3) Find a co-signer if you have a bad credit rating. A bad credit rating can mean problems when looking for car finance. You may find a source of cost effective bad credit car loans but another option is to get someone with a good credit rating to act as a co-signer in your application.

4) Get the most you can for your old vehicle. Trade-ins can be a good option, saving you the headache of advertising and selling your car. Be sure to get the most you can for your old car by preparing it thoroughly.

5) Haggle over price, shop around and consider alternative financing options. The recession has hit the automobile industry very hard so there are bargains to be had. Car sales people want your business so you can use this to your advantage. And be sure to consider alternative financing solutions. Car leasing is a great way to get the car that you want for a reasonable down payment and affordable monthly repayments. If you are looking for a commercial vehicle you might want to consider van contract hire to provide your business with what the transport you need.

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