My St Johns River

Fast payday loans and your credit history

myadmin, · Categories: finance

finance helpIf you are considering using fast payday loans, you may be wondering about how the loan providers may view credit history troubles.

Individual payday loan providers may see things differently and you may have to check their specific offerings to understand their position.

Even so, you may find that certain general principles apply:

– fast payday loans are typically for modest amounts – perhaps $100-$5000 is an average sum although amounts up to $1000 may be available in certain circumstances;
– they are also advanced for shorter durations, typically a few weeks until your next payday;
– the two things taken together mean that payday loan providers may face smaller risks than conventional lenders who are advancing larger sums of money over longer periods of time;
– as a result of this, you may find that the loan provider is rather more relaxed about certain categories of credit history troubles than would be the case with conventional lenders;
– in some situations, if your credit history records contain certain types of problem, the loan provider may offer you a smaller loan than you requested but if you pay that back successfully, they may be prepared to offer more in future;
– as you would expect, although a payday loan provider may be less concerned about credit history records than other types of loan provider, nevertheless they may reluctantly be obliged to refuse a loan if your credit history is particularly bad.

There are other things to keep in mind if you are hoping for a successful outcome to your loan application:

– you will be asked for details that indicate you are USA resident, in employment and in possession of a bank account together with an associated bank debit card – if you cannot answer ‘yes’ to these then you may find that your loan application is rejected;
– the loan you are requesting will be paid back in one go when you next get paid (or your payday after that), therefore, the amounts you are asking to borrow must be sensible in terms of your income level and your ability to pay it back from a single month’s salary.

The bottom-line good news is that fast payday loans may be available even if you have certain types of credit history glitches on your records.

More info on payday loans >>

Mail just came

myadmin, · Categories: finance

A generic looking letter from Hells Fargo was in it. Usually I toss that stuff, but this time I opened it. Yeah, it’s a letter stating that I and DH have an unclaimed/outstanding cashier’s check issued by Hells Fargo for $448.35 and if we don’t get to the bank to claim it before May 28 it will get turned over to the state.
Sounded like a scam, but I called. And call me dumbfounded but it’s legit. It’s from our Honda Pilot auto loan when we refinanced and I overpaid a month (or interest or something like that.)
Anyway, so I get to make a stop at Hells Fargo today, they will officially stop payment on the original check (from 2011) and hopefully I will walk out with another current check 😉
Hells Fargo going the distance to benefit their (former) customers. Never would have believed it in a million years.

I’m hoping this is a trend

myadmin, · Categories: finance

We’ve been putting money in savings and withdrawing it almost as fast for the past several months. I’m happy to report our business has had two “in the black” months and no money had to be withdrawn from cash reserves! We raised rates and it seems to have made us solvent. It’s been a struggle every month trying to work harder and longer to make ends meet, but we finally got the rate increases out to our clients and we are starting to see the benefits. Right now we are just happy to have a little breathing room and paying all our bills on time! Soon, I will be able to get back into baby step #3 for our home account, I hope!

That is an awesome report!

myadmin, · Categories: finance

So happy for you and both your wins. I’m sure you will figure out where that money went. I realized that dh and I are the same way when it comes to savings. He likes the big account and I don’t.

My experiment with cash-only continues, in generally a favorable way

myadmin, · Categories: budget, finance

Took pains to learn from the first round of errands such that this latest round of errands went more smoothly. Working with $20s was definitely easier. One critical flaw I’ve discovered in my envelopes organization is that I divided up the envelopes according to purchase type, ie people food vs livestock feed versus hardware vs healthcare needs, etc. Those categories match our Quicken categories and seemed a logical way to organize. Yet at two of my stops, I regularly purchase items from more than one of those envelopes. That worked out OK the first time because I just segregated everything in advance. But this past Friday, I forgot to do that each time and that really messed up the accounting in my envelopes. Furthermore, somewhere in that tangle I made a $13 mistake that I haven’t found yet. That really annoyed me yesterday when I tried to track that down. So for the moment I’ve taken it out of my blow money envelope. That was a nice feeling to know that even a mistake was covered. But today I’ve got all the receipts on my desk and I hope to go back through my math and find some computational error. I’m pretty sure I didn’t just lose or drop $13 along the way, or overspend somewhere, so it’s hopefully just me writing something down wrong and/or adding/subtracting it wrong.

That actually brings up something interesting, with both good/bad aspects. When using the debit card, it was relatively mindless. Just whip out the card, who cares about addition, subtraction or categories? But when handling cash from different envelopes, every last penny counts. And there are several places where user error can creep in and trip up the balances – handing over too much/too little cash, writing down the amounts wrong, doing the addition/subtraction wrong, etc. So now I’m spending more time actually calculating how much each purchase will be and then balancing out each transaction afterwards. More time than I expected but it automatically gives me a better idea of how much I’ve really spent and how much I have left also read about payday loans and bad credit “five ways to overcome bad credit in your report”.

One interesting little oddity. I have discovered that one of my stops, a mom-n-pop feed store, is very casual with their change practices. Bought $194.03 worth of feed? Heck, let’s just fudge those numbers and say it was an even $194 and skip giving all that change back. They’ve done that to me now three times in the space of 10 days. One wonders how they balance their tills at night. So I’m thinking to carry a little change purse with me, separate from the envelopes, so that I can always make change. The good news is, my change jar is growing. We haven’t decided what to spend it on yet, but I’ve turned into quite the change counter.

And yes, I’ve now experienced that phenomenon that DR describes of “shoot, I only have X amount left in my envelope, don’t want to blow it on something stupid….”

The big bummer news of the week is that my beloved old truck has sprouted a slow but steady leak from the gas tank. Nothing like filling up at the pump KNOWING that some fraction of that purchase will be lost! One night I dreamt I was leaking dollar bills out of my gas tank. So that goes in today to get fixed. I had wanted to hang onto that money towards more significant truck repairs that I know are coming soon, but I can’t ignore leaking gas. The good news there is that my brand-spanking-new sinking funds system was inoculated with my most recent paycheck, which should be enough to cover the repairs. So that’s a nice feeling even though Murphy has been having some fun at my expense this past week.

I guess there’s one more interesting update. My DH has been watching this all unfold with growing curiosity and respect for the benefits of the system, even though he has no interest in converting over himself. Somehow as a result, we’ve suddenly come to an understanding that he and I need to set up and use money in different ways, because we’re different people. What works for him wouldn’t always work for me and vice versa. So our recent disagreement about sinking funds has just sort of evaporated into nothing. I’ll have my sinking funds and take great comfort from that, and he’ll have one big savings account and take comfort from that, and we won’t try to convert the other. That was a nice bonus along the way.

The thing I like

myadmin, · Categories: budget, finance

if you can like anything about debt – is that my kids 23, 20, and 18 have learned that “debt stinks” the two oldest have/are putting themselves through school with zero debt. My eldest paid for her wedding in cash. While they do have credit cards, they pay them off monthly and never pay interest – which is something we have pounded into their heads – even though their father and I have not been as successful, they have learned from our mistakes.

My kids are amazing and have more money in the bank at their ages than DH and I have ever had. They all work, they all go to school (they eldest is done but heading for her masters shortly) and they did it all themselves and have no debt.