PaydayNow Blog:

Different Types of Online Loans with Monthly Payments, Many Methods To Use Online Loans

Loans are contracts where a borrower promises to pay back the amount with interest. The loans that we see in current times are of various types, ranging from relatively simple promissory loans to complex financial loans such as auto loans, education loans, and payday loans. Online loans are a recent phenomenon where people who face financial emergencies can avail quick loans. These online loans are often sought by borrowers who may be unable to get funding from conventional sources of lending. The recent financial struggles in the United States has increased the number of people seeking loans.   Most people depend on their salaries and work incomes to pay their … Continue reading “Different Types of Online Loans with Monthly Payments, Many Methods To Use Online Loans”

Online Payday Loans, Payday Loans Low Interest Rates

Online Payday Loan Laws and Permitted Interest A payday loan is a small amount of money that is advanced to a borrower to pay unexpected expenses. The loans are usually short term, and it is payable on the next paycheck. They are convenient and safe for a consumer to stretch their financial means to deal with emergencies. Whether it is utility bills, an accident or health problems, the payday loans online will help you overcome the situation.   There are rules and regulations on payday lending in different states. A patchwork of regulations may limit your access to the loan and in some cases, the cap that you can borrow. … Continue reading “Online Payday Loans, Payday Loans Low Interest Rates”

Online Lending Companies, Their Operations, Best Lending Companies Online For Bad Credit

Online Lending Companies and Their Operations If you have a bad credit score, then you may decide to take a loan online. After all, it’s the online lending companies that would be willing deal with borrowers having low credit scores. You may have approached banks and credit unions, but conventional lending institutions like those tend not to look at borrowers with bad credit. This selectivity of traditional institutions coupled with your financial challenges makes life doubly difficult for you. Online loan providers act like money shops rather than selective conventional financial institutions. The customers are offered online loans based on their capacity to repay that borrowed amount using their income. … Continue reading “Online Lending Companies, Their Operations, Best Lending Companies Online For Bad Credit”

Scott Tucker Sentenced, 16 Years For Payday Loans

Joan Loughnane an acting deputy attorney said that Scott Tucker was to be behind bars for 16 years 8 months in prison as per the sentence for carrying out a national payday lending enterprise online illegally. The attorney indicated that Scott had methodically evaded laws of the state for more the past decade and charged illegal interest as high as 1000% on loans.Scott’s co-defendant Timothy Muir an attorney was also slapped with a sentence of 84 months in prison for participating in the scheme in addition to their knowledgeable violation of usury laws of the states across the country. Muir and Tucker misled millions of customers Regarding the total cost … Continue reading “Scott Tucker Sentenced, 16 Years For Payday Loans”

Benefits Of Payday Loans Online

Payday loans are suitable for borrowers who are able to pay them back on time by their next payday. If the borrower is applying for payday loans online, he may even be approved within a few hours. These loans can be used for paying unexpected bills, travel expenses or buying something you urgently need. They are extremely fast to get and that makes them unique. Who can get a payday loan? People who are at least 18 years old, have a monthly salary and a checking account are eligible for payday loans. It doesn’t even matter if the customer has bad credit history. The market is highly competitive which means that … Continue reading “Benefits Of Payday Loans Online”

When a Merchant Cash Advance Makes Sense

No matter how big, small, or prosperous a business may be, there always comes a time when the business is in need of cash. The need doesn’t always arise in the startup phase it could occur years later during a renovation project. When or how it happens is irrelevant, it is the course of action chosen by the business owner to deal with the issues that matter most and in reality make or break the business. Merchant cash advances have been growing in popularity over the years as a short-term solution to business financing because they promise to provide easy access to funding for businesses in need. The decision for … Continue reading “When a Merchant Cash Advance Makes Sense”

Getting A Merchant Cash Advance Is Easy, But What About Repayment?

What About Repayment of merchant cash advance loans? A merchant cash advance is an advance of funds on a business’s projected future credit and debit card sales that is either repaid by a fixed debit or by a percentage that is taken off the business’s daily or weekly sales. The popularity of merchant cash advances has soared in recent years due to the ever continuing tightening of lending criteria of traditional lenders. Although, there are times that a merchant cash advance is necessary, it’s important for a business owner to know when this is the case and when it isn’t. Regardless of the repayment method this type of business funding … Continue reading “Getting A Merchant Cash Advance Is Easy, But What About Repayment?”

Merchant Cash Advances vs. Business Loans

A merchant cash advance is a unique type of financing in which companies can borrow money from a lender and repay it by deducting a set percentage from their credit and debit card sales until the agreed-upon amount is completely repaid. Unlike merchant cash advances, that pretty much work the same way, despite the lender, business loans are structured differently. In fact, there are seven different types of business loans: 1. Term Loans – are loans in which businesses borrow a specific amount of money and repay it over an agreed upon period of time. Repayment terms usually vary depending on the lender, the purpose of the loan, and the … Continue reading “Merchant Cash Advances vs. Business Loans”

Merchant Cash Advance Case Studies

Arturo Calderon was in the process of having a new Yucatan Taco Stand restaurant built in Woodlands, Texas with $500,000 in funding from partners and $700,000 in funding from investments. The construction ran $80,000 over budget forcing Mr. Calderon to dip into the funds that had been set aside for his September 2011 opening. Although business had been good from day one, being forced to operate without the $80,000 that had been anticipated for opening costs was difficult. One month after opening Mr. Calderon applied for a cash advance from a lender that routinely worked with businesses that had a high volume of credit and debit card transactions for a … Continue reading “Merchant Cash Advance Case Studies”

Merchant Cash Advances, Business Cash Loans Bad Credit, Merchant Cash Advance Direct Lenders

Merchant Cash Advances – Are they good or bad? Merchant cash advances have been discussed a lot in the finance industry for good and bad reasons. There are two camps of people, one who question whether such advances are ethical or not and the other who argue that they fill a vital need. The camp that questions merchant advances suggest that these kinds of loans are predatory and take advantage of desperate businessmen. The people who argue for such loans make a point that merchant advances offer financing to business owners who would otherwise be rejected by traditional sources of lending. There is no straightforward answer to this question of … Continue reading “Merchant Cash Advances, Business Cash Loans Bad Credit, Merchant Cash Advance Direct Lenders”

Understanding Payday Loan Rights

Before acquiring payday loans, applicants must understand carefully the contract between them and the lender. Payday loan lenders will issue the applicants with the copy of the company’s policies, payday loan terms and conditions, cash advance terms and conditions, online payday loans, and others. Applicants should know exactly their rights before signing the contract. How To Look For A Trustworthy Company Offering Payday Loans Applying for a contract that people know nothing about can lead to a disaster. Thus, it important for applicants to research the backgrounds of the payday loan company before applying for their services. Payday loans online should be professional. The company website should also provide a … Continue reading “Understanding Payday Loan Rights”

Online Payday Loans, The Process

The process of getting online payday loans Payday loans can be availed by anyone looking to overcome a financial challenge or an emergency situation. They are found easily as they are advertised extensively on the web. But do keep in mind that payday loans are not the right option for a long-lasting problem situation. They are great for short-term funding needs. Such loans are good for addressing a particular situation. There are many payday loan lenders that can help borrowers with even bad credit get through a tough situation. Even though the process of getting a payday loan might seem a little complicated to the borrower, the process is definitely … Continue reading “Online Payday Loans, The Process”

Benefits Of Payday Loans Online

Discover how convenient payday loans really are Payday Loans – Cash in a few hours, (average 24 hours) People tend to find out that they need a cash advance in the most unexpected of situations. The reason for such a surprise might be an emergency medical situation or any other unforeseen situation like vehicle breakdown. Whatever the unexpected “surprise”, if you have bad credit, then you will most probably face difficulties in raising money. Your emergency situation will be compounded by the reluctance of traditional financial institutions like banks to lend you money. They tend to require borrowers to have good credit. Fortunately, payday loans are a solution to those … Continue reading “Benefits Of Payday Loans Online”

Cash Advance Payday Loans

At times, people find themselves in an unfortunate situation where their credit has turned bad because of an unforeseen event. Either they got laid-off from their job because of a bad economy, or they had a medical emergency which resulted in large expenses, or any other surprising yet unfortunate event may have happened in their lives. How Cash Advance Payday Loans Can Help You? At such difficult times, you may find yourself in need of some quick cash. The situation is really difficult because you may be looking to borrow money while you also suffer from bad credit. Even though you may have come across companies that are willing to … Continue reading “Cash Advance Payday Loans”

The Risks of Payday Loans, What You Need Know For Payday Loans

The Risks of Payday Loans? Payday loans certainly offer their share of advantages. They are easy to get, convenient, and help you get the money you need when you need it. Regardless of what financial emergency you may find yourself dealing with, if you need money fast and are unable to get it elsewhere, you can rely on a payday loan center to get the money you need now. However, not all is good with the payday loans. There are some important negative aspects to recognize before going through with a cash advance loan, to ensure you are aware of the full story and make the right decision before going … Continue reading “The Risks of Payday Loans, What You Need Know For Payday Loans”

How To Get Payday Loans

Successfully getting a payday loan: How to begin the process There are times in a person’s life when they find themselves in a financially difficult situation and it becomes tricky to figure out how to get out of such a situation. You might be well-off and making a good living, but certain unexpected situations like a medical emergency or an unexpected expense can force you into a situation where you are not able to meet the surprise expenses. How Payday Loans Can Help You Predicting such financial challenges is almost impossible. If you do find yourself in a spot of bother, then you can always look at payday loans to … Continue reading “How To Get Payday Loans”

Advantages of Payday Loans

Payday loans often receives a lot of negative publicity about all the things that are wrong with such types of loans and what all problems they tend to create for borrowers. But if you look closely, then there are some useful advantages that payday loans can offer. When Do You Need Payday Loan? Whether you have a well paying job or a low paying one, you can look towards payday loans if you ever get into a financial emergency or if your credit score drops. One of the most unique aspects about online payday loans is the ease and quick time in which it can be obtained. Payday loans can … Continue reading “Advantages of Payday Loans”