Available by Phone: 9am-6pm CST, Monday to Friday (405) 780-7745, Ask for Bill Platt --- Contact Us by Email
	Home      Purchase Ghost Writing      Purchase Article Distributions      Services in a Nutshell Search Articles for Reprint
Copyright Enforcement & Reprint Check Tool: Article Reprints In Google Article Reprints In Yahoo! Article Reprints In MSN Article Reprints In Widow Search Article Reprints In WindSeek Article Reprints In AllTheWeb Article Reprints In AltaVista Original Distribution Date: 2008-04-15 12:12:00 Word Count: 1014 Times Viewed: 89 Article Rating: 0.00 Votes Cast: 0 Google PageRank: 0 PR Last Checked: 2008-04-15 Author Overall Stats: Times Viewed Overall: 360 Author Overall Rating: 0.00 Votes Cast Overall: 0 More Articles By This Author: Articles On This Website Make Money Online FREE Getting Started Package Available Would You Like To Own Your Own Article Directory? We Recommend Article Friendly. Save Money on Auto Parts Sign up to sell more than a dozen top-selling products Download the Niche-Browser for FREE! Mobile Phone Review http://thephantomwriters.com/free_content/db/t/what-is-the-scoop.shtml What's the Scoop on Payday Loans? Copyright © 2008 Robert Thornton What is a payday loan? A payday loan is a loan provided until your first or second payday that rarely exceeds 30 days, in most cases not to exceed 14 days. It is a high interest loan with no credit check. The rates for this loan are commonly called fees vs. interest. The annual percentage rate could at times exceed 1000% depending on the number of days you have your loan out. What are some other names payday loans are called? Payday loans often go by a variety of names: cash advance, post-dated check loan, deferred deposit loan, cash loan, no credit check loan, and many other names. When you are online, you will see banner ads with catchy words like fast cash, get cash, cash now, cash in minutes, overnight cash, get up to $500, and many more phrases to catch your attention and draw people to the lender's website. How much does it cost? A payday loan is very expensive if you are comparing it to conventional credit rates. In most cases, you will pay $15-$30 per $100 borrowed for a 14 day period, and the payday loan may even cost more if you are borrowing online. And it's no different with many banks. Wells Fargo Bank may charge less per $100 for a direct-deposited advance, but even this can be very costly because the money is taken from your very next direct deposit, which in many cases could be a few days. Like I said, compared to conventional credit, payday loans are very expensive and should be used with caution. Should I use it to buy a gift or put weekend money in my pocket? Absolutely not! Only in an emergency should you get a payday loan. If you are a frequent user of payday loans it will not take you very long to see how much of your hard earned money you are flushing down the toilet. My advice to you is, only use payday loans under emergency situations and never make a habit of going to the same well repeatedly. What are my alternatives? First show restraint and build your credit history. There are many non- profit groups that will work on your behalf to build your credit. Ask your creditors for more time to pay your bills. If you don't think you are making headway in doing this, again there are companies out there that will help you negotiate for lower payments so you can loosen up that much needed cash. Make a realistic budget. My best advice is to keep a small notepad with you at all times and make a habit of writing down everything you purchase, including coffee, quick snacks, etc. You will see how your spending adds up. If you're not good at putting this budget together then get help for some financial planning. I've always made a habit of getting help from people who are gifted in areas that I'm not. Six months worth of payday loan fees will put an extra $600 in an emergency fund account or get some much needed bills paid off. This will take time, so you must work hard to practice self discipline. It takes 6 hard weeks of practice to create a new habit. If you need time to get a good head start try some of the following ways. 1. Ask your bank if they offer overdraft protection. Caution: Many banks have it but if you go into overdraft they will charge you a hearty fee, the same as an overdraft fee, and that can be as much and often more than a payday loan fee. Make sure you ask your bank officer about the fees that may be attached to "overdraft protection." 2. I know many people don't want to go to family members, but if you put together a good plan of action in writing on how you're going to turn your financial situation around, and let them know how they will get paid back, sometimes family members will help. Remember to show them how you will cut back; if you don't show them how you will be willing to make the necessary sacrifices they probably won't want to make the sacrifices themselves. So be prepared. If you're lucky, you might have someone in your family who will be able to help you with financial planning. 3. Ask your employer if he/she will give you an advance on your payday. Again, if you simply explain your problem, many employers will be sympathetic, especially if you are a good employee and you don't abuse the privilege. As an employer I would do it for anybody on my staff. 4. You can try a high-interest credit card, but even this requires some self discipline. Even a high-interest credit card is much less costly than a payday loan. If you discipline yourself to use the fees you would normally pay to a payday lender to pay down your credit card, you will have it paid off in no time at all. 5. You can try the company Spotya! Cash. Spotya! Cash offers cash advance payday loans without a credit check. The most you would ever pay is $15.00 per $100 borrowed for 15 days. This is less than some banks charge. No one, either online or even your local payday loan store, comes close to the cost of this no credit check loan. Once your loan is paid off you can always re-loan for a smaller amount until you are back on track. The bottom line is that we all get into payday loans because of some emotional purchases we have made in the past. It is perfectly normal to desire something better, prettier, more fun or exciting, but only after we have counted the cost. Many of us also get a payday loan because of some sort of short-term emergency, but the root of the emergency derived from foolish spending in the past. So let's get the help and create the discipline and habits we need to get out of debt. You can do it! About The Author: Spotya.com is a website that bridges the gap between your paydays by giving you a small loan until your next paycheck. We offer the lowest rates on the web at only $15 for every $100 borrowed. Get up to $1000 with no credit check. We hope to see you soon, so come visit us at http://www.spotya.com BlinkBits Blinklist BlogMarks Co.mments Connotea Delicious Delirious Digg it Fark it Furl This Link A GoGo Magnolia Netvouz Raw Sugar Reddit Scuttle Seed This Shadows Simpy Smarking Spurl This TailRank Wists Feed Me Links Technorati Cosmos YahooMyWeb VOTE ON THIS ARTICLE Needs Work >> 0 - 1 - 2 - 3 - 4 - 5 << Excellent Article Tell our authors what you think about their article. Automatically Post This Article To Your Blog by inserting your Email-To-Blog Address, as can be set up in your Blogging software: "Link Back To This Article" Copy-And-Paste Are You Using This Article? We want to know about it. HTML Article Copy-And-Paste <font size=+2>What's the Scoop on Payday Loans?</font><BR> Copyright © 2008 Robert Thornton<BR><BR><BR> What is a payday loan? A payday loan is a loan provided until your first or second payday that rarely exceeds 30 days, in most cases not to exceed 14 days. It is a high interest loan with no credit check. The rates for this loan are commonly called fees vs. interest. The annual percentage rate could at times exceed 1000% depending on the number of days you have your loan out.<BR><BR> What are some other names payday loans are called? Payday loans often go by a variety of names: cash advance, post-dated check loan, deferred deposit loan, cash loan, no credit check loan, and many other names. When you are online, you will see banner ads with catchy words like fast cash, get cash, cash now, cash in minutes, overnight cash, get up to $500, and many more phrases to catch your attention and draw people to the lender's website.<BR><BR> How much does it cost? A payday loan is very expensive if you are comparing it to conventional credit rates. In most cases, you will pay $15-$30 per $100 borrowed for a 14 day period, and the payday loan may even cost more if you are borrowing online.<BR><BR> And it's no different with many banks. Wells Fargo Bank may charge less per $100 for a direct-deposited advance, but even this can be very costly because the money is taken from your very next direct deposit, which in many cases could be a few days. Like I said, compared to conventional credit, payday loans are very expensive and should be used with caution.<BR><BR> Should I use it to buy a gift or put weekend money in my pocket? Absolutely not! Only in an emergency should you get a payday loan. If you are a frequent user of payday loans it will not take you very long to see how much of your hard earned money you are flushing down the toilet. My advice to you is, only use payday loans under emergency situations and never make a habit of going to the same well repeatedly.<BR><BR> What are my alternatives? First show restraint and build your credit history. There are many non- profit groups that will work on your behalf to build your credit. Ask your creditors for more time to pay your bills. If you don't think you are making headway in doing this, again there are companies out there that will help you negotiate for lower payments so you can loosen up that much needed cash. Make a realistic budget. My best advice is to keep a small notepad with you at all times and make a habit of writing down everything you purchase, including coffee, quick snacks, etc. You will see how your spending adds up. If you're not good at putting this budget together then get help for some financial planning. I've always made a habit of getting help from people who are gifted in areas that I'm not. Six months worth of payday loan fees will put an extra $600 in an emergency fund account or get some much needed bills paid off. This will take time, so you must work hard to practice self discipline. It takes 6 hard weeks of practice to create a new habit.<BR><BR> If you need time to get a good head start try some of the following ways.<BR><BR> 1. Ask your bank if they offer overdraft protection. Caution: Many banks have it but if you go into overdraft they will charge you a hearty fee, the same as an overdraft fee, and that can be as much and often more than a payday loan fee. Make sure you ask your bank officer about the fees that may be attached to "overdraft protection."<BR><BR> 2. I know many people don't want to go to family members, but if you put together a good plan of action in writing on how you're going to turn your financial situation around, and let them know how they will get paid back, sometimes family members will help. Remember to show them how you will cut back; if you don't show them how you will be willing to make the necessary sacrifices they probably won't want to make the sacrifices themselves. So be prepared. If you're lucky, you might have someone in your family who will be able to help you with financial planning.<BR><BR> 3. Ask your employer if he/she will give you an advance on your payday. Again, if you simply explain your problem, many employers will be sympathetic, especially if you are a good employee and you don't abuse the privilege. As an employer I would do it for anybody on my staff.<BR><BR> 4. You can try a high-interest credit card, but even this requires some self discipline. Even a high-interest credit card is much less costly than a payday loan. If you discipline yourself to use the fees you would normally pay to a payday lender to pay down your credit card, you will have it paid off in no time at all.<BR><BR> 5. You can try the company Spotya! Cash. Spotya! Cash offers cash advance payday loans without a credit check. The most you would ever pay is $15.00 per $100 borrowed for 15 days. This is less than some banks charge. No one, either online or even your local payday loan store, comes close to the cost of this no credit check loan. Once your loan is paid off you can always re-loan for a smaller amount until you are back on track. The bottom line is that we all get into payday loans because of some emotional purchases we have made in the past. It is perfectly normal to desire something better, prettier, more fun or exciting, but only after we have counted the cost. Many of us also get a payday loan because of some sort of short-term emergency, but the root of the emergency derived from foolish spending in the past. So let's get the help and create the discipline and habits we need to get out of debt. You can do it! <BR><BR> <B><I>About The Author:</I></B><BR> <table border=1 cellpadding=4><tr><td><font size=2 face=verdana> Spotya.com is a website that bridges the gap between your paydays by giving you a small loan until your next paycheck. We offer the lowest rates on the web at only $15 for every $100 borrowed. Get up to $1000 with no credit check. We hope to see you soon, so come visit us at <a href=http://www.spotya.com target=_blank>http://www.spotya.com</a> </font></td></tr></table> <BR><BR><font size=1 face=verdana>Article Source: <a href=http://thePhantomWriters.com/ target=_blank>thePhantomWriters Article Submission Service</a></font><BR><BR> TEXT Article Copy-And-Paste What's the Scoop on Payday Loans? Copyright © 2008 Robert Thornton What is a payday loan? A payday loan is a loan provided until your first or second payday that rarely exceeds 30 days, in most cases not to exceed 14 days. It is a high interest loan with no credit check. The rates for this loan are commonly called fees vs. interest. The annual percentage rate could at times exceed 1000% depending on the number of days you have your loan out. What are some other names payday loans are called? Payday loans often go by a variety of names: cash advance, post-dated check loan, deferred deposit loan, cash loan, no credit check loan, and many other names. When you are online, you will see banner ads with catchy words like fast cash, get cash, cash now, cash in minutes, overnight cash, get up to $500, and many more phrases to catch your attention and draw people to the lender's website. How much does it cost? A payday loan is very expensive if you are comparing it to conventional credit rates. In most cases, you will pay $15-$30 per $100 borrowed for a 14 day period, and the payday loan may even cost more if you are borrowing online. And it's no different with many banks. Wells Fargo Bank may charge less per $100 for a direct-deposited advance, but even this can be very costly because the money is taken from your very next direct deposit, which in many cases could be a few days. Like I said, compared to conventional credit, payday loans are very expensive and should be used with caution. Should I use it to buy a gift or put weekend money in my pocket? Absolutely not! Only in an emergency should you get a payday loan. If you are a frequent user of payday loans it will not take you very long to see how much of your hard earned money you are flushing down the toilet. My advice to you is, only use payday loans under emergency situations and never make a habit of going to the same well repeatedly. What are my alternatives? First show restraint and build your credit history. There are many non- profit groups that will work on your behalf to build your credit. Ask your creditors for more time to pay your bills. If you don't think you are making headway in doing this, again there are companies out there that will help you negotiate for lower payments so you can loosen up that much needed cash. Make a realistic budget. My best advice is to keep a small notepad with you at all times and make a habit of writing down everything you purchase, including coffee, quick snacks, etc. You will see how your spending adds up. If you're not good at putting this budget together then get help for some financial planning. I've always made a habit of getting help from people who are gifted in areas that I'm not. Six months worth of payday loan fees will put an extra $600 in an emergency fund account or get some much needed bills paid off. This will take time, so you must work hard to practice self discipline. It takes 6 hard weeks of practice to create a new habit. If you need time to get a good head start try some of the following ways. 1. Ask your bank if they offer overdraft protection. Caution: Many banks have it but if you go into overdraft they will charge you a hearty fee, the same as an overdraft fee, and that can be as much and often more than a payday loan fee. Make sure you ask your bank officer about the fees that may be attached to "overdraft protection." 2. I know many people don't want to go to family members, but if you put together a good plan of action in writing on how you're going to turn your financial situation around, and let them know how they will get paid back, sometimes family members will help. Remember to show them how you will cut back; if you don't show them how you will be willing to make the necessary sacrifices they probably won't want to make the sacrifices themselves. So be prepared. If you're lucky, you might have someone in your family who will be able to help you with financial planning. 3. Ask your employer if he/she will give you an advance on your payday. Again, if you simply explain your problem, many employers will be sympathetic, especially if you are a good employee and you don't abuse the privilege. As an employer I would do it for anybody on my staff. 4. You can try a high-interest credit card, but even this requires some self discipline. Even a high-interest credit card is much less costly than a payday loan. If you discipline yourself to use the fees you would normally pay to a payday lender to pay down your credit card, you will have it paid off in no time at all. 5. You can try the company Spotya! Cash. Spotya! Cash offers cash advance payday loans without a credit check. The most you would ever pay is $15.00 per $100 borrowed for 15 days. This is less than some banks charge. No one, either online or even your local payday loan store, comes close to the cost of this no credit check loan. Once your loan is paid off you can always re-loan for a smaller amount until you are back on track. The bottom line is that we all get into payday loans because of some emotional purchases we have made in the past. It is perfectly normal to desire something better, prettier, more fun or exciting, but only after we have counted the cost. Many of us also get a payday loan because of some sort of short-term emergency, but the root of the emergency derived from foolish spending in the past. So let's get the help and create the discipline and habits we need to get out of debt. You can do it! ============================================================ Spotya.com is a website that bridges the gap between your paydays by giving you a small loan until your next paycheck. We offer the lowest rates on the web at only $15 for every $100 borrowed. Get up to $1000 with no credit check. We hope to see you soon, so come visit us at www.spotya.com ============================================================ Read More Articles From Robert Thornton: http://thePhantomWriters.com/free_content/d/index.shtml#Robert_Thornton Article Description Copy-And-Paste What is a payday loan? A payday loan is a loan provided until your first or second payday that rarely exceeds 30 days, in most cases not to exceed 14 days. It is a high interest loan with no credit check. Article Keywords Copy-And-Paste *** Digital Reprint Rights *** If you publish this article in a website/forum/blog, You Must Set All URL's or Mailto Addresses in the body of the article AND in the Author's Resource Box as Hyperlinks (clickable links). Links must remain in the form that we published them. Clean links should point to the Author's links without redirects having been inserted into the copy. You are not allowed to Change or Delete any Words or Links in the Article or Resource Box. Paragraph breaks must be retained with articles. You can change where the paragraph breaks fall, but you cannot eliminate all paragraph breaks as some have chosen to do. Email Distribution of this article Must be done through Opt-in Email Only. No Unsolicited Commercial Email. You Are Allowed to format the layout of the article for proper display of the article in your website or in your ezine, so long as you can maintain the author's interests within the article. You may not use sentences from this article as an input for any software that steals sentences from others in order to build an article with software. The copyright on this article applies to the "WHOLE" article. *** Author Notification *** We ask that you notify the author of publication of his or her work. Robert Thornton can be reached at: Robert@spotya.com *** Print Publication Reprint Rights *** If you desire to publish this article in a PRINT publication, you must contact the author directly for Print Permission at: Robert@spotya.com This work is licensed under a Creative Commons License. (You are not required to show the creative commons license notice when you reprint this work.) Get Customized Advertising Plates for Your Vehicle. Advertise Your Online Business While You are Travelling from Place to Place. Unless Otherwise Noted, All Copy and Images are: Copyright © 2001-2008, Bill Platt, thePhantomWriters.com thePhantomWriters Ghost Writing Services thePhantomWriters Article Submission Services thePhantomWriters Blogging Services thePhantomWriters Article Writing Advice Blog Website Properties owned by Platt Services, Inc.: Links And Traffic - Guaranteed Link Development Services Stewart Consultants Perl & PHP Software Directory Original Content from Pen Circles Right Blinker Search Engine The Historical Wild West | Bill-Platt.com The Audio Video Cabling Guide | Your Domain URL Blogger Support | Double-Eagles | Windstorm Computing Automotive Information Humor Sites Owned by Us: Driving to California (Humor) Alien-Experiences Merchandise Blogs Owned by Us: Bill Platt Speaks Up | Byte-Sized Marketing Tips Blogger/BlogSpot "Unanswered" Support Issues Printer Troubleshooting and Tips Website Properties owned by Friends: Invisible MBA - Educational Articles | Super Home Ideas Marketing and Services provided by: Bill Platt and Platt Services, Inc. 2117 Valley Road Stillwater, Oklahoma 74075 (405) 780-7745 (office) 9am - 6:00pm CST, Monday Through Friday Last Update: 2008-04-15 12:12:00