Oregon Market Values

Archive for May, 2010

Unsecured Loans For Down Payment

Are you looking for unsecured loans to buy a car? An unsecured loan is a loan which doesn’t require a personal asset as collateral for the loan. For example, an auto title loan is a secured loan because it requires that you put your vehicle up for collateral in exchange for the loan. That way, if you don’t repay the loan, the lender has the right to take possession of your car. Lenders offer secure loans as a way of guaranteeing themselves that they won’t lose any money.

In contrast to a secured loan, unsecured loans are based on your ability to repay the loan. Lenders look at your proof of income and employment. In most cases, lenders will not run a credit check for these loan products. However, these loans are typically very high-interest and should really only be used in a pinch. If you can, you’re better off saving the money as opposed to using an unsecured loan. Sometimes, you can approach family and close friends to loan you the money.

Auto Loan Calculator

What is a secured credit card?

Secured credit cards are a great way to repair bad credit. If you’ve been hit with hard economic times, including: bankruptcy, collection accounts, or foreclosure- this may be an ideal credit solution for you. In contrast to traditional credit cards, secured debit cards act similar to a debit card. For example, you provide the lender with $200 cash deposit and in exchange, they’ll give you a credit card with a $200 limit. That way, if you default on the monthly payments, the lender can use the cash deposit to cover the loss. These cards offer a way to slowly rebuild your credit. However, be aware that these cards come with administration fees as well as high interest rates. So, it’s important to note that these cards shouldn’t be used forever. Rather, secured credit cards should be used as a temporary way to improve a bad credit score and access banking conveniences.

Cash Payday for Fitness Equipment

Not surprising, Americans are ranked among the highest in the world for obesity. With that, stems a vast array of health problems, including: heart disease, high cholesterol, and diabetes- just to name a few. As a country, is absolutely essential that we encourage each other to get physical. Daily exercise is a key part of keeping fit and maintaining a healthy weight. Unfortunately, being physically fit can be expensive; the cost of gym memberships, exercise equipment, and nutritious food adds up quickly.

Cash payday for fitness equipment. Good idea?

Although, it’s admirable that you want to get in shape- taking out a cash payday to purchase a treadmill or elliptical machine, probably isn’t the best way to go. Instead, grab a friend and jog around your neighborhood park. Or, play outside with your kids. Kids are naturally pretty active- playing a game can burn hundreds of calories.

Exercise Tips

Get Fast Money Online

When you have bills due, you have no time to waste. If you’re like most Americans, you’re probably juggling a million different things and the last thing you want to spend time doing is searching where to find fast money online. Payday loan stores are indeed a thing of the past. And, why would you want to take the time to drive around looking for a store, waste your gas, and then waste more time waiting in line.

With online lender services like MoneyNowUSA, there’s simply no need to shop for a loan anywhere else. Internet-based lenders work with over hundreds of different lenders to qualify nearly everyone who applies. That way, you get the highest loan amount at the lowest rate available. As a VeriSign secured site, your confidential information is kept safe and secure. Don’t bother wasting time at payday loan stores anymore- get fast money online with MoneyNowUSA.

Investing in a new suit to get the job.

Nowadays, it’s not uncommon for hundreds or even thousands of applicants to apply for one job. With that kind of competition, you can’t rely on your resume alone. Every detail in the interview process matters, right down to your outfit. But, should you invest in a new suit?

In short, the answer is No. It’s not a good idea to spend such a large sum of money before you even know whether or not you have the job. Chances are, if you’re currently unemployed, money is pretty tight. Avoid using a costly cash advance and ask a friend or family member if you can borrow theirs. The interest fees of a cash advance are extremely high, sometimes surpassing 300%. Although it is important to look and feel your best, it’s not a good idea to put yourself in debt. And, when you do land the job, you can splurge on that new outfit.

United States Department of Labor Interview Tips

Teaching Your Kids about the Dangers of Personal Loans

As a parent, you want to prepare your kids for the “real” world as much as possible. You want to save them from making the same money mistakes you did.

We’ve all been there. As youngsters, we took out cash advance loans for last minute road trips and that Madonna concert we just “had” to go to. While those are some of the fondest memories of our youth, our twenties were spent eating ramen noodles to pay off those costly interest fees.  Unfortunately, financial education still isn’t taught in high school or college. So, where to begin? What sort of advice do you offer your kids? How do you prevent them from falling in the black hole of credit cards and payday loans?

MoneyNowUSA posted a great Guide to Teaching Children About Finance and Cash Advances

Additional teaching tools are available though Family Guide

Cash Advance Application Denied

So, your application for a cash advance was denied? There’s no need to get stressed out. You can still apply with an online lender.

Often times, stores like CheckintoCash or CashnGo cannot approve as many applications as an internet-based lender. This is because a multiple lender service (like MoneyNowUSA) works with literally hundreds of different lenders to qualify nearly everyone that applies. That way, lenders compete for your loan and you get the most cash at the lowest rate available! So, why bother going into a personal loan store when you can apply from the comfort and privacy of your own home.

Also, it’s a good idea to get a copy of your credit report and make sure there aren’t any mistakes. You can get a free credit report from Annualcreditreport.com

Apply Online Today for Your Cash Advance

Arizona’s Proposition 200

In 2008, Arizona residents voted on Proposition 200. Proposition 200 essentially allowed payday lenders to continue to operate business as usual. The proposition was rejected and new laws will go into effect July 1, 2010.

All licensed payday lenders in the state are allowed to continue business until the 1^st of July- at which time their current license will expire.

Until July, 1 2010:

A payday loan must be a minimum of $50, but not to exceed $500.

The loan term must be a minimum of 5 days; most do not exceed 60 days.

The interest rate is capped at 15% per face value of the check.

For example: A cash advance for $300 has an interest fee of $45.

You can verify the license of a payday lender in Arizona by calling 602-771-2800 or online.

Lately, there’s been a lot of information swarming around about payday loan laws. It seems like just about every other day, some state makes new payday loan laws or outlaws them all together. A friend of mine called and asked me if he could get a payday loan in Oregon. He’d heard various rumors about the regulation there and what it meant to consumers.

To answer the question- Yes, you can legally get a payday advance in Oregon. In fact, there isn’t a current limit on the amount of money you’re allowed to borrow. Generally speaking, most lenders will grant you a loan from $50- $1,000. Lenders are allowed to charge a one-time origination fee not to exceed 10% of the loan amount or $30.  Also, be aware that the minimum loan term is 31 days.

Payday Loan Laws in Oregon

Nowadays, scams are just about everywhere you look- especially on the internet.  As a consumer, it’s important to be aware of the differences between a reputable company and a rip-off.

A legitimate online cash advance lender will have valid security certificates. On the application page itself, look for a link to the certificate. If there isn’t one, try to locate the link on the homepage. And, if you still don’t see one, it’s likely a scam.

Also, check for links to: BBB, McAfee/Norton, Truste, and Thawte. Make sure that these are actual links and not just graphics. (Some companies will put the graphics on their websites to make it appear secure.)

A personal loan company should clearly state their privacy policy on their home page as well as application page. It’s a good idea to read through it. And, if anything sounds even the slightest bit off- call the company and ask questions. It never hurts to ask questions and gather more information. While this may take a few extra minutes, it could save you a lot of time and money later.