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* Q - Can you get another second 2nd loan if you already have a loan?
* A - Yes you may get a second loan or apply for a consolidation loan.
* Q - How long does it take to get approved for a loan?
* A - It varies. It can take 5 minutes 1 hour or 24 hours.
* Q - What do I need to get a payday or personal loan?
* A - You will need proof of income or assets. Some loans require good credit. Some loans are no credit check.
* Q - What documents do I need to get a payday loan?
* A - It varies depending on loan. In most cases - Proof of ID, paycheck stubs or bank statements and proof of residence.
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Columbus Bad Credit Payday Loans
Some of Our More Popular Services
Bad Credit Payday Loan Does Have an Existence
By Mark Anthony Smith
Bad credit payday loan is a much needed credit therapy that brings an instant financial relief. If you think that you cannot get a loan because of a bad credit history, just do not worry. There exists this easy and quick credit option that can put an end to all your monetary troubles. You can certainly get a loan despite having poor credit ratings. A tough period of economic slowdown has led to a sudden rise in cash demand. However, during a recessionary phase obtaining cash becomes even more difficult. No bank or financial institution easily sanctions a loan during such a tight economic period. Under such a scenario, payday loans become very useful. Most of them are available without any cross checking. This essentially means, you can borrow money even with a previous default status.
Why Bad Credit Payday loans?
You may obtain bad credit ratings in the event of missed payments. If your monthly payments are not on time, there is every possibility of obtaining a tag of defaulter. This can really hurt, since it will make credit availability much more difficult in future. Moreover, postponing monthly payments constantly would lead to mounting interest and other charges. As a result, you would end up paying more than required. To alleviate your situation, borrowing money without a credit check is definitely a good idea. Such money can be used to seek relief from multiple debts. Your lender combines all your debts and makes a single payment to your creditors. Now, instead of making multiple payments, you will have to make only one consolidated to payment to your lending company. Generally, lenders do not easily provide loans to people with a bad credit history. However, in case of bad credit payday cash, no credit check is required. The company providing such facility does not take into account your past credit behavior.
Are You Eligible for it?
Although this type of a loan can be availed without a credit check, there are some basic requirements that every borrower has to meet. For instance, the applicant must be more than 18 years old. He should be a citizen of the U.S. Above all, in order to obtain financial relief, you should be employed and have a regular income. Your income status is very important since lender also needs some assurance his money will be recovered. The lending company does not need collateral or guarantee. In fact, the only basic criterion for providing finances is your income. You should be employed with the same employer for not less than 90 days to avail a bad credit payday loan. Among other requirements, the applicant must have a valid personal bank account.
Advantages
Bad credit cash is easily available through an online mechanism. The money is electronically transferred into your personal bank account. Usually, money is available within two business days. However, there are lending companies that claim to transfer money within 30 minutes. As a precautionary measure, properly enquire about such a company before selecting. The entire process is automatic and no manual work is required. The borrower can repay the loaned amount on his next payday. As mentioned above no credit check is needed. In fact, no faxing or heavy documentation is needed. The loan repayment is also automated and the money is automatically deducted from your account and credit into your lender's account.
A bad credit payday loan is the best and instant solution to all your urgent fiscal worries. It gives you much needed solace and peace of mind by consolidating your multiple debts. Since no credit verification is involved, you can easily get a loan even with a poor credit record.
A bad credit payday loan [http://www.cheap-paydayloan.com/blog/] is a great means to pay off all your debts. It is easy and provides immediate fiscal relief. These days there is a tough competition among companies to increase their payday loan business. This is again good news for you because more competition means cheaper credit availability.
Article Source: https://EzineArticles.com/expert/Mark_Anthony_Smith/658582
http://EzineArticles.com/?Bad-Credit-Payday-Loan-Does-Have-an-Existence&id=4629486
Guaranteed Bad Credit Personal Loan - Your Two Best Options
By Jess Peterson
Bad credit can be devastating, especially if you are in need of a bad credit loan. In the faltering economy of today, many folks have poor credit following job loss and layoff, and reduced number of hours that they are granted to work by employers who are trying to cut costs. Or perhaps you have become ill or injured, and found yourself without a job due to frequent absenteeism.
Whatever has brought on your bad credit situation, you no doubt, like the rest of us, may need a loan from time to time. There are two best options for those with damaged credit - the secured personal loan or the guaranteed bad credit personal loan.
Secured Personal Loan
Secured Personal Loans are short term loans that allow you to borrow up to $10,000 and repay the lender with monthly payments. Most secured personal loans are written for terms from 12 months up to five years, depending upon the amount that you borrow and other circumstances. To be a recipient of a secured personal loan, you will need to pledge collateral to your lender.
Collateral can be in the form of your home, late model automobile, or other property that is valued higher than the amount that you wish to borrow. Secured personal loans will accrue interest on the principle amount that you borrow, which necessitates that you only borrow the amount of money that you truly need to avoid paying added interest costs.
Guaranteed Bad Credit Loan
Another option that is very popular among those with faltering credit scores is the guaranteed bad credit loan. A guaranteed poor credit loan is the easiest of all loans on the market to get. Nearly everyone can qualify for a poor credit loan regardless of previous credit history, with 99.99% of all applicants approved under most circumstances. It may also be known as a payday loan, a cash advance loan, or simply a cash advance.
To receive it, you will write a post-dated check in the amount that you wish to borrow. The lender will hold the check until a specified period of time has passed, usually coinciding with your next scheduled date to be paid. When that date arrives, you simply return to the payday lender to retrieve your check and pay the money that you owe, or you do nothing and the lender will deposit the check into your account for payment.
There is no credit check required to receive a payday loan, and the only requirements for getting the money you need is that you have an active checking account and a job.
Payday loans are usually written for no more than $1,000, but the lender will determine the amount that you are eligible to borrow based on your bring-home pay, or the combined bring-home pay of you and your spouse (if you have a joint checking account). Payday loans are a bit higher than other loans in the terms of interest that you will pay, but can really help out bad credit borrowers who find themselves in dire financial straits.
Jessica Peterson is a Unsecured Personal Loan Consultant with more than twenty years of experience. For more information about Guaranteed Bad Credit Personal Loans, Guaranteed Credit Cards, Unsecured Loans, Fresh Start Loans, Debt Consolidation, Student Loans and others please visit YourLoanServices.com
Article Source: https://EzineArticles.com/expert/Jess_Peterson/70408
http://EzineArticles.com/?Guaranteed-Bad-Credit-Personal-Loan---Your-Two-Best-Options&id=2562564
Tips On How To Get Your Bad Credit Personal Loan Application Approved
By Susan Westbrook
In current times, the demand for bad credit personal loans has been on the rise. This can be attributed to the fact that the economy has not been very good. This coupled with the fact that commodity prices have been on the rise has led to most people having a bad credit history, which effectively locks them out of getting loans.
If you are in such a position, you should not despair. Even if you have a bad credit history, you can still apply for and get a loan. There are certain loans which are specifically meant for such a demographic, and it would be a good idea to make use of them when you need to borrow money.
A good example of a loan that you can take when you have a bad credit history is a payday advance. This is a kind of short term loan which is often paid within a month. As the name suggests, this kind of loan is often paid back when one receives his or her pay check at the end of the month.
One good thing about this kind of loan is that it is very easy to apply for one. If you need it, all you have to do is find a website run by one of the lenders. For instance, if you live in the United States you can simply use Google to search for payday advance lenders who have online sites. You can then fill out the form and then wait for the money to be deposited in your account.
When you apply for such loans, there are certain things that you need to do so as to increase the chances of getting approved. For instance, you need to know exactly what kind of documentation you need for the loan. For instance most payday advance dealers will require that you have proof of income, such as your pay slips for the past few months.
In addition to that, you may also need to provide details of your bank account. Most lenders will deposit the money in your account after approval, especially when you are applying online. Also, most of them will automatically deduct the amount you are to repay at the end of the month from your account, making it more convenient to make payments.
There are many people who are opponents of bad credit loans due to the fact that they seem to offer high interest rates. For instance, many payday advance lenders will charge a nominal fee of around $15 for each $100 one borrows. This may seem like a very high amount, but the fact of the matter is that they do this since they expose themselves to increased risk. In addition to that, the fact that such loans are often of very small amounts and are paid within a very short time means that the interest never accumulates to very large amounts, as would typical bank loans.
When all is said and done, getting bad credit personal loans is not as hard as one might think. There are many companies which offer these facilities, and all one has to do is find one that suits them. By following the guide above, you can do this with relatively little trouble.
Even if you have had, or are now faced with some worrisome or severe credit issues we have bad credit personal loans to meet your needs. Visit us now for bad credit personal loans, an easy online application, and fast approval.
Article Source: https://EzineArticles.com/expert/Susan_Westbrook/908837
http://EzineArticles.com/?Tips-On-How-To-Get-Your-Bad-Credit-Personal-Loan-Application-Approved&id=6929775
Get It Now - Bad Credit Personal Loans for $10,000
By Hilary Bowman
So you need $10,000 in cash and you have bad credit. You may have to opt for a $10,000 bad credit personal loan. Just having poor credit should not dampen your plans on getting the money you need. Even if you are seeking the large sum of $10,000. Lenders are out there and you can get a poor credit personal loan without too much of a problem. You just need to know what you are doing. Here is the skinny.
Three Things Can Make a $10,000 Loan Possible
To get a bad credit personal loan for $10,000, you are going to have to get it together and gather one or a combination of three things:
One: A Co-Signer
Two: Some Collateral
Three: A Handful of Payday Lenders
These may seem rather spurious but they are the only things you have to land $10,000 in cash if you have bad credit. There are basically no other options available, but you can make it work.
A Co-Signer
If you have someone who trusts you and you can trust them, ask them to cosign a poor credit personal loan for you. They should have a credit rating substantially better than yours and be very gainfully employed. If you are using a bank or credit union for the loan and do not have collateral enough to secure the loan, the cosigner could be the deal maker.
Of course, the cosigner should thoroughly understand that if you default on the loan, it becomes his or her responsibility. If the cosigner is a good friend or close family member, you better not default on them. That would be a bad blood generator for sure.
Some Collateral
Do you have a piece of real estate? Do you have some equity in your home? If the answer is YES to any of these questions, you have a very good chance of landing your $10,000 bad credit personal loan even if you have bad credit. Refinance your mortgage, if necessary.
A vehicle could be used as collateral, but $10,000 is a little steep for a car. However, if you have the right vehicle or vehicles, then a bank or credit union could very well lend you the money. Call around to see if the vehicle collateral is acceptable before you approach the lender in person.
If you do not have enough collateral with land, or home, or vehicles, see if a combination would work for a lender.
A Handful of Payday Lenders
If you are truly desperate, you could get about 10 or 15 payday lenders to lend your their highest amounts. These lenders can lend up to $1,500 on each contract. And they do lend to folks with bad credit. In fact, they specialize in loans for folks with bad credit.
Check the regulations in the state where you live or where you will obtain the various loans. Some cash advance lenders have to check networks to prevent such borrowing. This is done to prevent folks from getting in over their heads with these high interest loans.
The only thing is, you will have 10 or 15 payments due in a very short period of time. Unless you are going to change the $10,000 into $20,000 in a month, you could very well end up defaulting on many of the loans. Even if you try to roll them over into the following month, the lender usually demands at lest the interest due at that point.
Defaulting on a number of loans will run your credit further into the ground. But, if you are willing to take the risk, it is at least one way to get $10,000 in bad credit personal loans.
Hilary Bowman is the author of this article. She works successfully as a financial advisor with years of expertise on Unsecured Loans. Hilary publishes informative articles about loans for bad credit and other financial topics at FastGuaranteedLoans.com
Article Source: https://EzineArticles.com/expert/Hilary_Bowman/114938
http://EzineArticles.com/?Get-It-Now---Bad-Credit-Personal-Loans-for-$10,000&id=6305364
Why to Get a Bad Credit Car Loan Now?
By Rock Watson
None Should Be Discriminated When Getting a Car
America is fascinated by cars and owning one gives a great amount of pleasure. To buy a car today, car loans are a pre-requirement. But, for a bad credit borrower, a car loan seems a distant dream. Do you have a poor credit score? Is getting an auto loan difficult for you? Are lenders constantly rejecting your vehicle loan application?
Well, if the answer is yes to all the questions, this article can help you get an auto loan even with bad credit. In fact, after reading this piece of writing, you will understand why this is the best time to acquire a bad credit car loan to buy your dream car.
Here's Why Getting a Bad Credit Car Loan Is Easier than You Think
Upswing In Vehicle Sales
7.3million- That's the total number of vehicles sold in the first half year of 2012! There has been a 14.8 percent rise in car sales since last year. This sale can be attributed to many factors like car manufacturers are pushing for car sales. Even European auto makers consider the American market profitable. They are vying for higher sales in America because of problems in their economy. With this new development, you can get newer car models and better incentive programs. Also, easy flow of credit has played a major role.
Lowest Delinquency Rates
The delinquency rate is the percentage of auto loans that have not been paid by the borrowers. TransUnion in its first quarterly report of 2012 mentioned that auto loan delinquencies are down to 0.36 percent which is very less compared to 0.46 percent - the fourth quarter result of 2011. These figures have proved that borrowers are more serious and diligent in making regular payments.
TransUnion also mentioned that there is a rise in lending as well as leasing in the non-prime risk segment. With low delinquency rates, lenders are able to put more trust in the equation. They have now understood that people will definitely make payments. When the overall mood is positive, getting a bad credit car loan becomes easier.
Investors' Trust
Investors are buying securities made up of car loans as they are comparatively safe and profitable. They fare better than home loans because cars are major requirement for us. We may give our home but a car is necessary for our employment. This makes them a safe bet. The recent example of this is how companies like GM Financial, Santander Consumer USA and other lenders have issued $ 10 billion of sub-prime car loan related ABS. This is a 20% jump from last year.
This deal proves that auto lenders will now be offering more poor credit car financing options because it has become a lucrative option for them. They can easily bundle-up your loan as securities and earn from it. So, auto financing companies are now taking risks in offering sub-prime credit auto loans.
All these factors lead to one conclusion that lenders are now interested in providing you bad credit car financing. It is no longer difficult to secure a loan. It is not difficult to buy your dream car anymore!
Are You READY For A Bad Credit Car Loan?
Before getting a car loan for people with bad credit, you must consider these important points so that you don't doubt your decision later.
1. It's important that you choose an inexpensive yet efficient automobile. A used car is the most affordable option with you. It is a perfect choice because its depreciation rate is lower than new cars. While choosing a car, don't forget to check its title. Get it inspected from your trusted mechanic.
2. If this is your first loan after your score nosedived, you must be ready to pay a higher interest rate.
3. Choose a shorter auto loan term so that you don't increase any chance of an upside down auto loan.
4. Regular payments are extremely necessary to improve your credit score and to avoid it from further deterioration. If you make on-time payments, you will get better interest rates next time.
5. Most lenders have lock-in period during which you cannot refinance or trade-in your car. This is usually the first six months or the first year of the loan term. So, don't choose any car loan that makes you uncomfortable because you will be stuck with it for some time. Take time to analyze and select a bad credit car loan quote.
These significant cues are very crucial in reaching a good decision. You must understand that bad credit auto loans are easily available but you can make them more comfortable by remembering these points.
Now that you know how easy it is to get a bad credit car loan, don't wait anymore. Once you consider all the points mentioned in the above paragraph, you must embark on the journey of regaining your old good credit.
With so many changes taking place in the economy, one thing remains the same. EZautofinance.net always offered and will continue to offer bad credit auto loan options to individuals with affordable rates. Apply now and hear from our huge network of sub-prime auto lenders and dealers. Contact us and get ready to improve your credit score.
Article Source: https://EzineArticles.com/expert/Rock_Watson/171256
http://EzineArticles.com/?Why-to-Get-a-Bad-Credit-Car-Loan-Now?&id=7175822
Strategies to Renew Your Hope of Getting Bad Credit Car Loans
By Rock Watson
Facing constant rejection because of your bad credit history? Do you believe that low interest rates are just reserved for people with good credit? Do you think buying a car is just a distant dream for you?
Well, this piece of information can provide you relief and substantially increase your chances of getting an affordable auto loan. Last month Reuters ran published an article titled, "Car lenders ease credit standards and terms to spur loans". It mentions that lenders consider car loans safe in comparison to mortgage and credit card loans. Also, lenders are now offering lenient credit terms due to weak credit demand. One of the credit bureaus, Experian, mentioned that percentage of new car loans offered to sub-prime borrowers increased by 11.4% this quarter compared to last year. This means people with bad credit can even buy a new car without any trouble.
So, getting bad credit car loans has become possible today. There is no better time to buy the car of your choice. But, are you still unsure of getting an affordable car loan? If you are still in doubts, make use of these strategies and not only get instant approval on your bad credit car loan but also avail the lowest possible rates.
Preparation Is the Key
Buying a car is major decision because you spend your life-savings on it. It is a commitment of making regular payments. You just cannot go to a dealer without thorough research. So, before purchasing a car or applying for an auto loan, here are few important things that demand your attention.
Clean-Up Your Finances First
Whenever you want to buy a car, do not just rush into the decision. You must sign the dotted line only after you are sure of what you are getting into. There have been instances where lenders have duped innocuous borrowers on the pretext of bad credit score.
It is always important to study your credit report before visiting the lender's office. You can get a free annual copy of your credit report from annualcreditreport.com. Study all the entries and dispute for any unwarranted transactions and errors. It is a known fact that credit bureaus commit mistakes while calculating your credit scores. You can improve your credit by removing all the errors. Also, start making payments on your debts. Even if you can pay-off a few of your debts, it will have a positive impact on your credit score. Doing all this requires time and that's why you must comprehensively plan your car purchase and avoid a hasty decision.
Down Payment to Down Your Rates
The initial upfront amount that you pay for buying a car can be a useful way of reducing interest rates. Making a substantial down payment of ten to twenty percent can lower your loan amount and thus, the lender's risk. Also, the lender will be assured of your financial stability. This will definitely bring down your car loan cost.
Co-Signer - A Comforting Thought For the Lender
When you have someone to co-sign your car loan contract, the lender is assured of his money. This is so because he can get it from the co-signer if you miss out on payments. Finding a co-signer is a bit tough but if you can manage one, it would work wonders for your car loan.
If you just cannot find a co-signer, you can avail auto loans without co-signer which come with slightly higher interest rates. Nonetheless, it is important that you exhaust all your options before opting for no co-signer car loans.
Online Bad Credit Car Loans - A Better Option
An online bad credit car loan offers you the option of getting an auto loan without leaving the comfort of your house. You can apply by logging in to your computer. Online car financing companies are a perfect choice because banks do not entertain people with poor credit. To avail money from a credit union, you need to be its member. When you apply for a car loan from an online auto financing company, you have the option of comparing several auto loan quotes. This is not possible when you avail dealership financing.
Also, online auto financing companies work with several sub-prime lenders which make it easier for them to process your auto loan application. This drastically improves your chances of getting a low interest bad credit auto loan.
How to Choose Your Bad Credit Car Loans?
Choosing a bad credit car loan is easy if you carefully read the vehicle loan contract. It is essential that you do not just focus on low interest rates, but instead look at the bigger picture. Calculate Annual Percentage Ratio (APR) which will tell you the interest rate for a whole year instead of the usual monthly rate. It also considers fees like loan origination fees and other miscellaneous expenses which will give you a better idea of the cost of car loan.
Check for any pre-payment penalty because it can significantly increase your expenses if you decide to pay-off your loan early. Ensure that the lender is a reputed name in the auto financing industry.
A little bit of caution can take you a long way in securing the best auto loan option. Bad credit is never an issue if you know how to tackle it. These strategies and important cues will help you get easy approval on your car loan application.
Remember bad credit is just your history; it is in your hands to write your future. Go out there and turn your car dream into reality!
Rapidcarloans.net firmly believes that bad credit history should never become an obstacle in buying a car. We offer bad credit car loans at competitive rates to buy new as well as used cars. Contact us today and forget all about your poor credit score!
Article Source: https://EzineArticles.com/expert/Rock_Watson/171256
http://EzineArticles.com/?Strategies-to-Renew-Your-Hope-of-Getting-Bad-Credit-Car-Loans&id=7145740
Poor Credit Subprime Refinance Loans - Home Equity Line of Credit and Home Equity Loans
By Sharon Listner
It is true that a poor credit score generally leads to more difficulty in securing mortgage loans, auto loans and other lines of credit. However, having a low credit score does not mean that you cannot get a mortgage loan, refinance loan, auto loan, auto refinance loan or a credit card - you can.
The key to finding financial products, when you have a low credit score, is to do your research and take advantage of all the resources available to you. Don't be shy about getting free loan quotes or calling your neighborhood broker and explaining your situation.
If you are a homeowner, who has equity in their home and looking for a home equity loan or home equity line of credit to consolidate your debts, refurbish your kitchen, add on a patio, continue your education or start a new business - you will need a subprime home equity loan or subprime home equity line of credit (HELOC) lender's assistance.
Subprime refinance loan lenders are the opposite of prime refinance loan lenders. While prime refinance loan lenders serve "good credit customers", subprime refinance loan lenders, specialize in serving consumers with less-than-perfect credit. The two are not mutually exclusive. Many prime refinance lenders also service subprime loans. After all, the subprime mortgage loan market is a large segment of the population and the mortgage industry is extremely competitive.
Subprime home equity loans and subprime home equity lines of credit are offered at higher interest rates but this is to be expected and should not deter, you from getting a refinance equity loan.
Get more information about Subprime refinance loans at the loan resource guide: http://www.kstreetloans.com.
Sharon Listner writes about family and finance with a focus on mortgage loan products.
Article Source: https://EzineArticles.com/expert/Sharon_Listner/45641
http://EzineArticles.com/?Poor-Credit-Subprime-Refinance-Loans---Home-Equity-Line-of-Credit-and-Home-Equity-Loans&id=444802
Bad Credit Home Equity Line of Credit Loans - Three Things to Know
By Carrie Reeder
Home equity line of credit loans can get you the money you need to consolidate debt, make home improvements, pay college tuition, and much more. Though bad credit home equity lines of credit are available to those who need them, there are a few things borrowers should know before applying.
Rates Will Vary
Interest rates on bad credit home equity line of credit loans can vary significantly. To make sure you get the best rates, you will want to get at least three quotes before accepting an offer. You will also want to keep in mind that though bad credit will require you to pay higher rates, you are still entitled to fair treatment. Make sure the rate you are being quoted is in line with what someone with your credit score should pay. Multiple quotes will help in this respect as well.
Terms and Conditions Can Vary
Different lenders offer different terms on bad credit home equity line of credit loans. Before signing any papers, make sure the terms and conditions on your loan are reasonable for your financial situation. You don't want to get yourself into a tight spot by agreeing to pay back more money in a specific time period than you can afford.
Fees Will Vary
As with almost any loan, there are fees associated with bad credit home equity line of credit loans. Most borrowers end up paying many of the same costs that were paid out with the original loan, such as title fees and points. These costs can add up fast and vary depending on the lender that you work with. Before taking out a bad credit home equity line of credit, you will want to make sure you fully understand exactly how much the loan will cost you.
For a list of Recommended Bad Credit Home Equity Line of Credit Lenders, visit http://www.abcloanguide.com, an informational website about various types of loans.
Article Source: https://EzineArticles.com/expert/Carrie_Reeder/829
http://EzineArticles.com/?Bad-Credit-Home-Equity-Line-of-Credit-Loans---Three-Things-to-Know&id=314076
How to Compare Mortgage Refinance Rates - Use a Mortgage Refinance Loan Comparison Site
By Matthew Couch
You always want to compare mortgage refinance rates before choosing a particular a lender as this is truly the only method to ensure that you are being offered the best mortgage rate on the market. People refinance their mortgage for several reasons but whatever your financial goals are I can say undoubtedly that this is the best time in history to refinance your mortgage. With interest rates currently at all time lows, along with the attractive incentives from the Obama administration, it has never been so financially advantageous for homeowners to consider a mortgage refinance.
The best way to compare mortgage refinance rates is to utilize a mortgage refinance loan comparison site. These sites will let you evaluate what mortgage refinance lenders are able to offer you the best mortgage rates. They will usually have an application that you fill out online and after it is completed you are able to get instant feedback on whether or not a mortgage refinance is right for you. The best mortgage lenders will provide you a cost/benefit analysis free of charge to help you further identify whether refinancing your home is a wise financial decision.
A mortgage refinance loan comparison site basically will take the prospecting and researching part of the process of finding the best mortgage rates. It is important that you go to a comparison site that is affiliated with several mortgage lenders and not just a few. These multiple lender comparison sites make the various lenders compete over your refinance loan and therefore act as your personal broker in a sense. They are able to use leverage through a large affiliation of mortgage lenders to guarantee the consumer the best rate on the market.
When businesses compete you win. I'm sure you've heard this saying before but this statement is true in almost every business sector. More competition results in a better rate for the consumer. Multiple lender websites, while relatively new, have proven to consistently offer consumers the best mortgage rate on the market. Most of these sites are free to the consumer and you would be foolish not to utilize this service if you are considering refinancing your mortgage.
After you compare mortgage refinance rates through a multiple lender comparison site you will be matched up with 3-4 lenders who were able to provide the most competitive rates. I would suggest doing a little research before talking to a mortgage professional so you are able to ask them tough questions and see who you feel most comfortable dealing with.
Using a mortgage loan comparison site is the most efficient way to compare mortgage refinance rates and find a quality lender. Most of these sites are completely free to the consumer and I strongly encourage homeowners to at least consider refinancing your mortgage. There really has never been a better time in history to refinance your home and taking action now with historic low interest rates will most likely turn out to be a financially savvy decision.
To receive multiple quotes from top lenders check out this link: Easy Mortgage Refinance Application [http://www.myeasymortgagerefinance.com].
Matthew Couch is a graduate student of The Ohio State University Fisher College of Business where he majored in finance and real estate. His areas of specialization include e-commerce, financial markets, and the real estate industry. His goal of the majority of these articles is to educate consumers on the benefits of refinancing a mortgage at current all time low interest rates. Being a licensed real estate agent as well as a free-lance writer, Matthew has provided consultative services to many home owners considering a refinance. Hopefully, my years of experience in the real estate industry will help home owners make prudent financial decisions.
Article Source: https://EzineArticles.com/expert/Matthew_Couch/351481
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Small Business Loan Update - Stimulus Bill Helps Bailout Businesses If They Cannot Pay Loans
By Sue B. Malone
As we continue to sift dutifully through the over 1,000 pages of the stimulus bill (American Recovery and Reinvestment Act of 2009), there is one provision that is not getting much attention, but could be very helpful to small businesses. If you are a small business and have received an SBA loan from your local banker, but are having trouble making payments, you can get a "stabilization loan". That's right; finally some bailout money goes into the hands of the small business owner, instead of going down the proverbial deep hole of the stock market or large banks. But don't get too excited. It is limited to very specific instances and is not available for vast majority of business owners.
There are some news articles that boldly claim the SBA will now provide relief if you have an existing business loan and are having trouble making the payments. This is not a true statement and needs to be clarified. As seen in more detail in this article, this is wrong because it applies to troubled loans made in the future, not existing ones.
Here is how it works. Assume you were one of the lucky few that find a bank to make a SBA loan. You proceed on your merry way but run into tough economic times and find it hard to repay. Remember these are not conventional loans but loans from an SBA licensed lender that are guaranteed for default by the U.S. government through the SBA (depending upon the loan, between 50% and 90%). Under the new stimulus bill, the SBA might come to your rescue. You will be able to get a new loan which will pay-off the existing balance on extremely favorable terms, buying more time to revitalize your business and get back in the saddle. Sound too good to be true? Well, you be the judge. Here are some of the features:
1. Does not apply to SBA loans taken out before the stimulus bill. As to non-SBA loans, they can be before or after the bill's enactment.
2. Does it apply to SBA guaranteed loans or non-SBA conventional loans as well? We don't know for sure. This statute simply says it applies to a "small business concern that meets the eligibility standards and section 7(a) of the Small Business Act" (Section 506 (c) of the new Act). That contains pages and pages of requirements which could apply to both types of loans. Based on some of the preliminary reports from the SBA, it appears it applies to both SBA and non-SBA loans.
3. These monies are subject to availability in the funding of Congress. Some think the way we are going with our Federal bailout, we are going be out of money before the economy we are trying to save.
4. You don't get these monies unless you are a viable business. Boy, you can drive a truck through that phrase. Our friends at the SBA will determine if you are "viable" (imagine how inferior you will be when you have to tell your friends your business was determined by the Federal government to be "non-viable" and on life support).
5. You have to be suffering "immediate financial hardship". So much for holding out making payments because you'd rather use the money for other expansion needs. How many months you have to be delinquent, or how close your foot is to the banana peel of complete business failure, is anyone's guess.
6. It is not certain, and commentators disagree, as to whether the Federal government through the SBA will make the loan from taxpayers' dollars or by private SBA licensed banks. In my opinion it is the latter. It carries a 100% SBA guarantee and I would make no sense if the government itself was making the loan.
7. The loan cannot exceed $35,000. Presumably the new loan will be "taking out" or refinancing the entire balance on the old one. So if you had a $100,000 loan that you have been paying on time for several years but now have a balance of $35,000 and are in trouble, boy do we have a program for you. Or you might have a smaller $15,000 loan and after a short time need help. The law does not say you have to wait any particular period of time so I guess you could be in default after the first couple of months.
8. You can use it to make up no more than six months of monthly delinquencies.
9. The loan will be for a maximum term of five years.
10. The borrower will pay absolutely no interest for the duration of the loan. Interest can be charged, but it will be subsidized by the Federal government.
11. Here's the great part. If you get one of these loans, you don't have to make any payments for the first year.
12. There are absolutely no upfront fees allowed. Getting such a loan is 100% free (of course you have to pay principal and interest after the one year moratorium).
13. The SBA will decide whether or not collateral is required. In other words, if you have to put liens on your property or residence. My guess is they will lax as to this requirement.
14. You can get these loans until September 30, 2010.
15. Because this is emergency legislation, within 15 days after signing the bill, the SBA has to come up with regulations.
Here is a summary of the actual legislative language if you are having trouble getting to sleep:
SEC. 506. BUSINESS STABILIZATION PROGRAM. (a) IN GENERAL- Subject to the availability of appropriations, the Administrator of the Small Business Administration shall carry out a program to provide loans on a deferred basis to viable (as such term is determined pursuant to regulation by the Administrator of the Small Business Administration) small business concerns that have a qualifying small business loan and are experiencing immediate financial hardship.
(b) ELIGIBLE BORROWER- A small business concern as defined under section 3 of the Small Business Act (15 U.S.C. 632).
(c) QUALIFYING SMALL BUSINESS LOAN- A loan made to a small business concern that meets the eligibility standards in section 7(a) of the Small Business Act (15 U.S.C. 636(a)) but shall not include loans guarantees (or loan guarantee commitments made) by the Administrator prior to the date of enactment of this Act.
(d) LOAN SIZE- Loans guaranteed under this section may not exceed $35,000.
(e) PURPOSE- Loans guaranteed under this program shall be used to make periodic payment of principal and interest, either in full or in part, on an existing qualifying small business loan for a period of time not to exceed 6 months.
(f) LOAN TERMS- Loans made under this section shall:
(1) carry a 100 percent guaranty; and
(2) have interest fully subsidized for the period of repayment.
(g) REPAYMENT- Repayment for loans made under this section shall--
(1) be amortized over a period of time not to exceed 5 years; and
(2) not begin until 12 months after the final disbursement of funds is made.
(h) COLLATERAL- The Administrator of the Small Business Administration may accept any available collateral, including subordinated liens, to secure loans made under this section.
(i) FEES- The Administrator of the Small Business Administration is prohibited from charging any processing fees, origination fees, application fees, points, brokerage fees, bonus points, prepayment penalties, and other fees that could be charged to a loan applicant for loans under this section.
(j) SUNSET- The Administrator of the Small Business Administration shall not issue loan guarantees under this section after September 30, 2010.
(k) EMERGENCY RULEMAKING AUTHORITY- The Administrator of the Small Business Administration shall issue regulations under this section within 15 days after the date of enactment of this section. The notice requirements of section 553(b) of title 5, United States Code shall not apply to the promulgation of such regulations.
The real question is whether a private bank will loan under this program. Unfortunately, few will do so because the statute very clearly states that no fees whatsoever can be charged, and how can a bank make any money if they loan under those circumstances. Sure, they might make money in the secondary market, but that is dried up, so they basically are asked to make a loan out of the goodness of their heart. On a other hand, it carries a first ever 100% government guarantee so the bank's know they will be receiving interest and will have no possibility of losing a single dime. Maybe this will work after all.
But there is something else that would be of interest to a bank. In a way, this is a form of Federal bailout going directly to small community banks. They have on their books loans that are in default and they could easily jump at the chance of being able to bail them out with this program. Especially if they had not been the recipients of the first TARP monies. Contrary to public sentiment, most of them did not receive any money. But again, this might not apply to that community bank. Since they typically package and sell their loans within three to six months, it probably wouldn't even be in default at that point. It would be in the hands of the secondary market investor.
So is this good or bad for small businesses? Frankly, it's good to see that some bailout money is working its way toward small businesses, but most of them would rather have a loan in the first place, as opposed help when in default. Unfortunately, this will have a limited application.
Wouldn't it be better if we simply expanded our small business programs so more businesses could get loans? How about the SBA creating a secondary market for small business loans? I have a novel idea: for the moment forget about defaults, and concentrate on making business loans available to start-ups or existing businesses wanting to expand.
How about having a program that can pay off high interest credit card balances? There is hardly a business out there that has not been financing themselves lately through credit cards, simply because banks are not making loans. It is not unusual for people to have $50,000 plus on their credit cards, just to stay afloat. Talk about saving high interest. You can imagine how much cash flow this would give a small business.
We should applaud Congress for doing their best under short notice to come up with this plan. Sure this is a form of welcome bailout for small businesses, but I believe it misses the mark as to the majority of the 27 million business owners that are simply looking for a loan they can repay, as opposed to a handout.
Sue Malone
442 Diablo Road, Suite 137
Danville, CA 94526
Email: [email protected]
Sue Malone is a small business advocate and founder of Strategies For Small Business, a company devoted to providing SBA Loans for small business owners, whether as start-ups or for the expansion needs of existing businesses. For six years she has been the nations #1 provider of SBA Community Express Loans, having funded over 25,000 businesses in all 50 states. For a free loan consultation or for more information on the programs, visit our website at: http://www.StrategiesForSmallBusiness.com Or call (925) 899-8449.
�2008 Strategies For Small Business. All rights reserved.
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Free help by SBA for Small Business Loans
By Simon Collaso
Why should anyone be interested in helping you for free?
The government benefits if it gives small business start up loans and that is why it helps.
o Statistics show that small businesses number more than the big businesses.
o Small businesses employ more than 50 percent of the work force.
o Small businesses contribute to more than 50 percent of the nation's GDP-Gross Domestic Product.
o Small businesses are the principal source of new jobs.
Starting a small business or expanding your small business is not easy. Expert guidance and help is given to you for free by SBA. The US Small Business Administration was established in 1953 and has business offices in every state. SBA works with thousands of lending, educational and training institutions nationwide. It does not provide grants but offers counseling. Government small business loans are offered to many entrepreneurs. Look up the web sites of the state economic development agencies to know if it is available in your state.
SBA is only a guarantor of loans offered by banks and other private financial institutions. The lending institutions that agree to terms of the SBA provide loans to small businesses through SBA. In case of inability of repayment of loan within the stipulated time; the SBA pays the lender the agreed upon guarantee amount, and the borrower has to pay the SBA the entire amount.
Can the SBA help you?
Small business is one that is independently owned and operated and is not dominant in its field of operation. SBA has regulations to determine whether your business qualifies as a small business. You could look up the SBA website or federal government regulations to find out if your small business startup loan or small business loan for expansion qualifies. Your business has qualified then the next question that any lender would ask you, is: Do you have a business plan?
Most lenders would require a detailed description of the business you are going to start up or expand. Look up the SBA site http://www.sba.gov/starting_business/index.html for planning options and counseling. The many things that SBA helps you is
o Writing a business plan
o Getting the loan
o Marketing
o Licenses and Laws
o Patents and copyrights
o Selling to government and abroad
o Hiring employees
o Buying the right equipment.
Notable among it various programs are Small business loans for minorities, Small business loans for Women, Small business loans for veterans and young entrepreneurs. The various small business loan programs offered by SBA are.
Basic 7(a) Loan Guaranty
This is the primary business loan program. It is offered to those who do not qualify for loans through the normal lending channels. The terms offered by SBA are more flexible. Valid loans are those where the proceeds of the loan are used for sound business purposes. The maturity is 10 to 25 years depending upon working capital and fixed assets. http://www.sba.gov/financing/sbaloan/7a.htm
Loan Prequalification
Low income borrowers, disabled business owners, exporters, rural and specialized industries are the target for this program. Bad credit small business loans do not fall in this category. The applicant has a credit merit then it is easier to secure the loan. http://www.sba.gov/financing/sbaloan/prequalification.htm
Certified Development Company (CDC), a 504 Loan Program
This is a variant of the Basic 7(a) loan to obtain real estate or equipment for expansion or modernization. http://www.sba.gov/financing/sbaloan/cdc504.htm
Micro Loan, a 7(m) Loan Program
This is available in selected locations in most states. The SBA stand as guarantor to organizations that provided the loans, technical assistance and management for small scale financing. Not-for-profit child-care centers can also avail these loans for working capital or purchase of inventory or supplies. http://www.sba.gov/financing/sbaloan/microloans.htm
Disaster Recovery
Home owners, Property owners in disaster areas qualify for this loan program. Term of the loan is 30 year and the rate of interest is below 8 percent for those who can obtain credit elsewhere and below 4 percent for those who cannot obtain credit elsewhere. http://www.sba.gov/disaster_recov/loaninfo/property.html
Smeloancenter.com is your resource for loans and extensive information on small business enterprises. It deals with Small business startup loans [http://www.smeloancenter.com] , small business loans for women, etc…It your first stop for info on various types of small business loans.
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Top 5 Industries to Make a Better Career Choice in Columbus, Ohio
By Matt McWilliam
Columbus is a great source of attraction for job seekers from all over the world. This is one city that would allow the average job seeker to find a great job that is not only accommodating to your skills, but can also deliver the salary you prefer. For these two simple reasons, different people come to the Ohio to make their career a reality. In this article, we have researched and developed a list of career opportunities that have the highest potential for jobs in Columbus. The people who have skills in any of the given areas will have a better chance at landing a job in Columbus, Ohio.
1. Healthcare: Healthcare is the leading industry that has most job seekers and job fulfillment in Columbus, Ohio. The best part is that jobs in the healthcare industry are typically some of your better paid jobs as well. A person who has an interest in healthcare or the required skills should apply for relevant healthcare jobs in Columbus, Ohio. In order to find a dream job with a higher salary in a quick manner, the applicant should possess the skill set and previous work experience to fulfill the requirements of a typical healthcare professional. When you go out searching for employment on a website that lists the available opportunities in Ohio, you can rest assured that you will find hundreds or thousands of career opportunities in the healthcare industry in Columbus.
2. Restaurants: To help pay bills while finishing school or while searching for a dream job, some people choose to have a part time job at a local restaurant serving customers or at a local bar bartending or bar backing. People who are searching for part time jobs in Ohio can always find great opportunities working in the food service industry. Columbus, Ohio has an extensive and rapidly growing food service industry both downtown, on campus and in the suburbs of Gahanna, Worthington, Dublin and Upper Arlington. Different people, who move to Columbus to go to school at The Ohio State University, most often opt for restaurant jobs in Columbus, because there are more available and they are easier to find. These jobs are ideal for part timers, who want to do other activities alongside their day job. These job seekers are often looking forward to earn some extra income on a part time basis only. Some may argue that part time jobs typically lead to a dead end, but there are often times where a quality part time employee will be picked up by management for a full time position.
3. Customer Service: This is another area that is not only suitable for full timers, but also is a great way to make money and gain experience for part timers as well as interns. In the list of all the Columbus, Ohio jobs or career opportunities, this category comes in third, which is still relatively well paid and is easy to find job openings online. Several thousand students from The Ohio State University and Columbus State University opt for customer service jobs in Columbus because they can quickly fill the need for employers to hire operators need in call centers. Call center operators answer customer questions and problems with knowledgeable advice. Call center operators may also be required to bring to the table sales experience as well as being a talented, well spoken individual. Call center operators are not the only types of customer service jobs in Columbus. There are hundreds of other categories for jobs in the customer service industry, yet this industry ranks third in our list.
4. Information Technology: If you are an IT professional, then you already have an edge among all others applying in this industry because this is the field that is becoming a part of almost every industry statewide and nationwide. Finding a well paying state job in Ohio is not at all difficult for the IT professionals. The local city government in Columbus, Ohio needs IT professionals more so than ever before. Furthermore, there are several private companies as well as publicly held Fortune 500 companies that offer career opportunities in the area of IT and systems administration. In most cases we discovered that of the top job listing websites in Columbus, this industry ranks in fourth place in terms of the number of offered jobs and potential for employment.
5. Real Estate: The real estate industry has exploded in recent years in Columbus and continues to do so despite the economic recession and government setbacks. The real estate industry holds strong in the greater Columbus area and offers great potential for those job hunting in real estate sales, service or development. Ironically, this industry also has a large opportunity for work and long term employment in Columbus, Ohio. If you want to start a career in real estate, then Columbus may be the nation's best place to get a job in real estate with the least risk. Most real estate professionals start out in a leasing office or as an assistant to a marketing or sales professional. From there, most candidates go on to gain their real estate license and continuing education from one of the area's universities. Once you have gained a good reputation and have relevant work experience under your belt, you are already well on your way to landing your dream job while maintaining the opportunity to make a sizeable income. Fact is that most real estate industry employees stay within the industry once they obtain their proper licenses to sell real estate in Ohio.
We have completed hundreds of hours of extensive research to bring you this list of top five industries for employment in Columbus, Ohio. Our research spans from job listing websites to resume sampling and industry knowledge. Hopefully the research we completed over the last several months has offered a strong learning opportunity and a glimpse inside the job market for your industry of choice.
Copyright 2011 Matt McWilliam for MJM Design and CbusJobs.com. Visit Columbus Jobs for more information about jobs in Columbus, Ohio. MJM Design is a Columbus, Ohio based web development and marketing company. Our goal is giving back to the community in which we have a presence with the ultimate goal of helping to increase the local economy and job market by offering a quality source for moderated job listings in Columbus, Ohio.
CbusJobs is the leading source for quality, moderated jobs in Columbus.
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Apartments in Columbus, Ohio For OSU Students
By Matt McWilliam
Living in a dormitory at any university can be tough, but living in one at Ohio State University, one of the largest universities in the United States can be unbearable. Getting an apartment in Columbus can be liberating and surprisingly affordable. Columbus, Ohio is the largest city in the state, so finding apartments should be a relative breeze, but knowing some of the in and outs of finding the right apartment, in the right area of Columbus, can make all the difference, especially if you are a student at Ohio State University.
Ohio State University, or OSU, is the largest campus in the United States, and sprawls just north of downtown Columbus, Ohio. Finding an apartment around the area is not altogether difficult. Finding an apartment that is cost efficient right next to OSU campus, however, can prove to be a challenge, so try looking for apartments in the Columbus downtown area or Arena District.
There are several neighbourhoods in Columbus that have affordable apartments both close and distant from the Ohio State University Campus. The Short North, the German Village, Franklington (also called "the Bottoms") and "The Hilltop" are all located around the Columbus downtown and Metro area. OSU is relatively close to small towns such as Clintonville and San Margherita as well, which are accessible by bike and public transport.
The Central Ohio Transit Authority, also known as COTA, which is a great way to get around the city if you do not have a car or are on a budget, serves those living in Columbus, Ohio. Ohio State University students, who are living in apartments off campus in the greater Columbus, Ohio area, can take advantage of the bus system by participating in the Park and Ride locations scheme scattered around the city. Park and Ride allow you to bring your car into Columbus, park, then ride a bus onto the OSU campus. This saves you on parking fees, and makes the inner city a little less congested. Bike and Bus is another option available on the COTA service. You can bike from your apartment into the greater Columbus area to a Bike and Bus location. Here you can attach your bike to a rack on the bus. As winters can be quite cold in Columbus, Ohio, this is a great way to get a little exercise, and then let the public transportation system do the rest of the work. COTA gives a special education pass to OSU students called a Buck-I-D, which a student can flash to the bus driver whenever he or she needs a ride.
To find the right apartment in Columbus, Ohio as an OSU student, have a look at apartment search sites. Visit the OSU campus and get an understanding of the city, and get a feel for how easy it would be to get from the places you are interested in, the campus, and local amenities.
Columbus apartments are great to live in. It is a vibrant city with amazing apartments starting at affordable prices. Nothing beats getting out of the dormitory and into your own space. You can find peace while studying, and a life outside of student affairs. You may even find that you want to stay in Columbus after university has ended. Stranger things have happened.
Copyright 2009 Matt McWilliam and Columbus Apartment Finders.
Visit Columbus apartments for help finding apartments for rent in Columbus, Ohio. Columbus Apartment Finders is a free Columbus based apartment locator service. Looking for OSU apartments? Visit our website for the following: Columbus apartments, Ohio State apartments, OSU apartments for rent, Arena District apartments, Victorian Village apartments for rent and more!
Find apartments in Columbus, Ohio!
http://www.ApartmentFindersColumbus.com
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