ways in which consumers borrow money by helping to give people more options about how and where they spend money . they are an excellent way for people to borrow a small amount of money if they need a little bit of extra cash to last them until their next payday . quicker and easier because of the smaller sums of money involved getting a payday loan is much quicker and easier than getting a loan from a bank . payday loans are great for some people but they are not as good for others . consider your circumstances before you agree to take out a loan . even if you have a regular job and a steady stream of income you may find that in some months it is a little harder to cover all of your outgoings than it usually is . this may be because of unexpected events or because of seasonal concerns but whatever the reason you may find that you need a little extra money to tide you over that month . ideal candidate if this scenario applies to you then you are an ideal candidate for a payday loan . because you are a regular earner payday loans companies know that you will be able to pay your loan back in full and on time . s when not to apply for a loan if you do not have a steady stream of income or if you have a lot of existing debts then choosing to apply for a payday loan may not be ideal for you . using a payday loan to pay off your existing debts is a bad idea because you have to pay administration fees to cover the cost of taking out one of these loans and this may result in you increasing the amount of money which you owe . most payday loans companies will also add a charge on to the amount of money which you owe if you do not pay your loan back in time . if you do not think that you will be able to pay your payday loans back in time you should not take one out or else you could end up in financial trouble . posted in loan the abc s of payday loans settle them asap there are many types of payday loans short term loans available out there . however one thing that makes them all similar is the fact that they come with higher than usual interest rates . most payday loans are much easier and quicker to obtain as compared to bank loans . and the price we have to pay for this convenience is higher interest rates . therefore it is essential for borrowers to settle their payday loans as soon as possible . in fact it would be advisable to pay off the entire loan as soon as the next pay check comes in . this way you are able to avoid additional charges and extended interest rates . if you are unable to settle the debt on your next payday then it may mean that you borrowed too much or that you went above your means . this will require you to re evaluate your borrowing system technique or put an effective one in place in case you still do not have one . gp posted in loan friendly advice on finance on the track to financial freedom it is no longer surprising to find a lot of the people we know are already in debt . times are hard and if one is unable to handle the finances properly it could very easily lead to insurmountable debt . fortunately for those that are already in this unwanted position there are still a lot of ways to get back on track . to begin with one must establish a solid financial plan for at least the next few years . you can even seek advice from a professional if you have a friend or someone you know that s in the field of finance . the plan should be comprehensive and it should of course define your limits in terms of your expenses . in terms of paying off your current debts it is always possible to negotiate with bank and other financial situations . more often than not they are amenable to some sort of payment arrangement so long as you are able to show your willingness to settle your outstanding debts . gp posted in finance finance tips how to stay out of debt there are a lot of reasons why folks fall under debt which is why it is impossible to have a one size fits all type of solution on how to veer away from unmanageable debt . however we can give you some tips that will surely help you get by . always remember that the golden rule is that you should never live beyond your means . spend on things that you need first before choosing which one of your wants you can also shed some bucks on . this becomes even more challenging when you have a credit card . most of the time people are unable to monitor their expenses because of the power of plastic and end up spending more than they can actually afford . this is definitely a fast track step towards a debt trap . another helpful tip is to always settle your loans on time and if possible in full . interest rates nowadays are a killer and if you keep on paying the minimum amount required you re never going to be able to settle the full amount of your loan as your debt grows exponentially . gp source swedish smsl ntopplista.se . provides comparisons of sms l n and reviews of companies like ferratum . posted in finance on the subject of finance controlling your credit card usage if you always seem to get a heart attack every time you see your monthly credit card bill then maybe it s time to find some form of tool to control your credit card usage . this becomes even more important if you find yourself unable to settle your credit card bills as sooner or later the interest on your debt will eat you up . therefore it is very important for all credit card holders to take control of their spending and get a hold of their impulsive charging . the first thing you should do is to look at your monthly expenses and how it affects your total income . of course it is advisable that you put away some of your monthly earnings to a savings account . once you ve established how much money you will allot to your daily expenses this is when you can define your personal limit in terms of using your credit card . set a realistic limit and stick to it ; stop using your card once you ve hit your monthly limit . gp posted in finance facts on finance applying for an online loan nowadays it isn t uncommon for folks to apply for all types of loans online . it is simply easier and much more convenient to perform most of your transactions online as you don t have to leave the comfort of your own home . fortunately there are now tons of reliable lenders that offer their services online . there are even websites that help you out by providing borrowers with a list of lenders as well as the advantages and disadvantages of their offer . these sites are a great tool one can use in order to find the best deal for his or her specific situation and needs . however the internet abounds with scammers and swindlers that take advantage of people who are in dire or desperate situations . potential borrowers should definitely be wary of these individuals and their fake companies . more often than not if a deal seems too good to be true then it probably is . gp posted in finance finance for dummies the power of budgeting one of the easiest ways to keep yourself in tact in terms of finances is to make use of some form of budgeting tool . a lot of people fail to appreciate the power of budgeting and it is them who often spend beyond their means and eventually fall into debt . if you do not want to be like one of them then we suggest that you find some form of budgeting tool that will fit your situation the best . for those who are serious about budgeting there is a lot of software available in the market that can help you . there are even tons of comprehensive applications that track every single dollar you spend . you will of course have to update it yourself regularly to ensure that you are able to monitor your daily expenses . it may seem a bit tedious at first but it will definitely pay off in the long run both figuratively and literally . gp posted in finance so how does a credit card work anyway a lot of folks make the mistake of applying and eventually getting approved for a credit card without fully understanding how the system works . individuals who don t know how to use them properly are often unable to pay off their credit card bills and end up going into debt . this is why it is important to have an idea first on how credit cards actually work . the first thing to note about a credit card is one s credit limit which is dependent on your current financial situation . this is the limit to which you can spend using your card and you will get cut if you exceed it . next is the billing cycle . usually this is a 30 day period in which all inclusive credit card charges are added up and sent to you on your next bill . more often than not you are required to pay the total sum of your charges 15 days after each bill cycle . lastly you will also have to take note of the interest . this is again dependent on your credit card provider . an interest rate is applied to any amount that remains unpaid after each cycle . if you settle your bill in full then you won t have to pay any interest . gp posted in credit how to improve your credit rating overdue credit card payments are one of the main reasons why a lot of folks are given a poor credit rating . unfortunately this is one of the truths of life that we must face and as long as we are unable to attend to our financial requirements on time our credit scores will definitely suffer . having a poor credit rating becomes a problem when one needs to apply for a loan . most banks and financial institutions will not approve applicants that do not have good or better credit ratings as they too have to protect their assets . fortunately there are a lot of ways one can improve his or her credit rating . the most important of which is being able to pay your bills on time . by this we mean all the bills that require you to make a periodic payment . for one make sure that you are able to settle your credit card charges in a timely manner . if possible settle the entire balance in full . it would also be helpful if you are able to pay your other bills on time such as utility bills and mortgages . gp posted in credit loans for folks with poor credit ratings because of the problems we are currently experiencing with our economy it isn t surprising that a lot of americans have already