Nearly 80% of Americans stress out about overspending for Christmas or the holidays, according to a 2018 Credit Karma survey — and there are lenders that market loans for the holidays specifically for that spending.
If you haven’t saved — or haven’t been able to save — for the holiday spending you want to do, and you’re thinking about taking out a Christmas loan, here are some important things to consider, and some other options to look at.
If you’re set on borrowing for the holidays, here are a few things to consider.
Planning ahead for the holidays and budgeting for your expenses is the best way to enjoy the season while avoiding a holiday financial hangover. But that’s not always possible — life happens, and sometimes basic necessities cut into our holiday budgets.
While a Christmas loan may allow you to spoil your family, it’s financially healthier to budget and set money aside for holiday expenses if you can. Start today by stashing some holiday cash in a designated savings account. You may even enjoy the holidays a lot more knowing that you can ring in the new year without added debt.
Bad credit payday loans can come in a variety of forms. Each option is designed to assist a certain demographic of potential loan recipients. One of the most crucial factors to keep in mind with payday loans is to view them as what they are – loans.
For the uninitiated, a payday loan is a sum of money, often smaller than a standard loan, given with the expectation that it will be repaid on your next payday. These loans are often viewed as early access to income for those with poor credit.
Traditional lenders often don’t work with those with poor credit because they can’t guarantee they will see a return on their investment. To these companies, your credit score will make or break your chances of getting a loan. And if it’s too low, they view you not as a person to be assisted, but as a poor investment.
These issues are as old as the credit industry itself. Fortunately, there are other options available. Online payday loans have been shown to work for those who have exhausted all alternatives. More specifically, they are especially useful for those with poor credit scores and histories of missed payments. While bad credit payday loan lenders do require credit checks, they aren’t nearly as instrumental in determining your eligibility as they are with standard credit.
With online payday loans, your credit will determine your interest rate and little else. Those with very bad credit (e.g., credit that includes malicious delinquency) may still see the credit score as something that prevents them from obtaining a loan. Most others will have a much easier time.
Do not take these loans and view them as free money to be used at your leisure. The loan you take and its value should be decided upon well in advance. Likewise, it should also be spent with purpose. Paying off debt and deposits may be reasonable uses for these loans as long as you are not trying to bandage a much bigger financial problem with a short-term solution.
Let’s take a look at some of the typical loans you may be able to access.Many credit card companies allow you to withdraw your available balance in the form of cash. In a pinch, this can be an immensely useful workaround.
How do these qualify as payday loans? They don’t. A cash advance from your credit card is a different product. Although, it does share some attributes. For one, it isn’t free. Credit card companies will take out a certain percentage of the withdrawn sum before providing it. Likewise, it isn’t uncommon for credit card companies to take out a greater percentage as the withdrawn amount becomes larger.
When doing this, know that you’re taking a loss each time. This process isn’t something to rely on in the long-term. Every time you take a cash advance from a credit card, not only are you losing money through your credit provider’s cut, but you also see a loss from the interest included with the payment.
That said, it’s a way to get some cash in a pinch. Because the money owed is taken at the point of transaction, there aren’t any deadlines apart from the minimum payment on your monthly statement. These are wonderful solutions for short-term problems, and you should absolutely keep them in mind as a potential option.
Cash advances are one of the most popular styles of payday loans. They’re also one of the simplest to obtain, sometimes even for those with bad credit. If your credit is low, but your debt isn’t particularly massive, these may be the perfect option for you.
To obtain a cash advance, you need a valid checking account. And since you already have outstanding credit card debt, you likely have a checking account as well. Some lenders will also require you to surpass a threshold for monthly income. This requirement isn’t a constant among every lender, and they aren’t indicative of a loan provider’s quality or legitimacy either. Even in the cases where they are a necessity, rarely is the threshold particularly high as these companies know the demographics they’re servicing, and their requirements are flexible and often negotiable as a result.
What is a cash advance, and why is it such a popular style of payday loan? The short answer is “cash.” As their name suggests, these loans provide cash as opposed to predetermined credit limits. As such, you can use them for a variety of purposes. Credit card debt repayments, a much-needed home appliance, and more can all be acquired with a cash advance loan.
There is danger in their flexibility, however. Because obtaining one is so straightforward, individuals can easily find themselves going through loans at a quick pace. Similarly, the easy-going nature of cash advances can lead individuals to believe that if they spend one, they can always get another. And while that may be true, it isn’t recommended.
The trade-off here is that lenders will attach higher interest rates to these loans than they would for others. This mark-up is because the potential profit margin of a short-term loan is inherently lesser than that of a long-term one. And lenders recoup this lost profit with these increased interest rates.
While short-term cash advances are a risky prospect, and they have their fair share of downsides, they’re popular for a reason. Their versatility and widespread availability mean they can be lifesavers in many situations. Emergency payday loans can help with unexpected medical bills, unforeseen payments, and similar emergencies, making them significantly more manageable than they would be otherwise. Take into consideration that credit isn’t a very large factor in obtaining these loans. Infrequently, some lenders will require a “good-faith” down payment, but this may only be the case for those with a storied history of unpaid balances or financial delinquency.
In other words, a poor credit score may not keep you from these loans. If used wisely, short-term cash advances could be just what you need to improve your circumstances.
Online payday loans for bad credit are viable options for improving your circumstances. They should be used with purpose and applied with care. When used correctly, they can be life-changing, especially for those who have a history of struggling with traditional credit lenders. If you are one such individual, consider them as a potential option in your quest for financial recovery.
Chances are, you don’t have time to sit around and wait for an application to clear when you need a cash advance. Look for a provider that gets you your money fast. See USACashMoney signup forms here.
You also may not have time to run to the bank to deposit cash. Look for a cash advance service that deposits your money directly into your checking account.
High interest rates can seriously affect your ability to pay back your cash advance. Save money by looking for a provider that offers a reasonable APR. Do the math and figure out how much you’ll end up paying after two weeks on the amount of money you need.
Some cash advance services even offer 0% APRs, likeUSACashMoney Instacash advances, so don’t be afraid to shop around before you choose a cash advance service.
Just like your APR, advance fees can make your loan much costlier. Ask your advance provider about fees and look for a provider who only charges a small fee — or better yet, no fee at all.
One of the benefits of a cash advance is that it won’t impact your credit if you pay it back on time. Avoid banks that require a hard check on your credit. Every time a company pulls your credit report, your score lowers — so protect yourself by choosing a bank that doesn’t mess with your credit score.
Ever run into a sticky situation where you don’t have quite enough cash to cover your expenses? Cash advance loans can help you pay off your bills so you avoid a missed payment on your credit report.
Not all cash advance loans are safe or affordable, so it’s important to do your research and choose the right cash advance option available to you, like 0% APR Instacash advances from USACashMoney.
A cash advance is a short-term unsecured loan that you can get to cover bills, fees, or fines (or something fun!) without using credit. Cash advance providers usually charge high fees and/or interest on loans and there’s usually a limit to how much you can borrow.
You might have heard about getting cash advances through a credit card at an ATM — as long as you have a personal identification number (PIN). You can also take your credit card to a bank that offers advances through your card’s payment network.
You can skip the research and go straight for a 0% APR Instacash advance from USACashMoney today. Here’s how.
If you have extra time want to shop around to confirm that we’re the best choice, here’s how.
Cash advances aren’t the same thing as payday loans, though many people confuse the two. A payday loan charges high fees and sometimes up to 50% interest. Avoid them at all costs!
Cash advances come through your bank or other reputable financial institution. Before you think about getting an advance, make sure your servicer is established and has low interest rates such as ones fromUSACashMoney.
Your provider or bank might have limits on how much money you can borrow with a cash advance. Usually you can link your bank account or electronically submit a pay stub as proof of your income to find out how much you’re eligible to borrow. With MoneyLion, just link your checking account, and we’ll let you know right away how much you qualify for.
Do some research on the cash advance fees you’ll incur on the amount of money you need to borrow. Also, find out about interest rates and any other fees that you have to pay when you take out an advance.
Some banks charge high fees and interest rates! Look for a bank like LoanToday with low or no fees. And you can’t beat our 0% APR!
After you’ve submitted your request, wait for the lender to give you approval. This step isn’t required for some borrowers. At USACashMoney, you’ll see your cash instantly deposited into your account after you submit your request.
After you received your funds, plan to live within your means and payoff the cash advance. This way if you ever need it again, you can be approved for a higher amount and faster through USACashMoney.
USACASHMONEY offers financial support when you need it the most. Our system provides access to over 100 lenders who offer personal loans to current and former military personnel. We give special attention to who you are which is why all credit levels are accepted.
USACASHMONEY provides an unmatched level of service, by partnering with firms who cater to the Armed Forces because we find a product for your needs. USACASHMONEY offers access to affordable financial products to those who deserve it the most. We will not waste your time or treat you poorly. Therefore, you can expect nothing less than fast, efficient, and professional service.
Our online request form takes minutes and you get answers fast. Next day funding may be available once you are approved and verified. Most importantly, use the funds for any purpose. Traditional banks dictate what the money can be used for while USACASHMONEY does not. Are you looking to consolidate debt, purchase or repair a vehicle, pay bills, or make home improvements? USACASHMONEY is here to help. There are no restrictions so get started now.
USACASHMONEY’s large network offers personal loans to military with fully transparent and a straightforward approach. Especially relevant, our system identifies lenders for you based on a multitude of variables. Then, all loan information is presented in a clear and conspicuous manner. We avoid the fine print by highlighting the important information, so applicants can make educated financial decisions.
Personal loans to military personnel are an important resource to service members because the major financial institutions do not offer them. Are you current or former Air Force, Army, Coast Guard, Marine Corps, National Guard, or Navy? Experience the difference with a military personal loan through USACASHMONEY now.
There are many ways to pay for your wedding day, but many times family and savings simply aren’t enough. No matter the size of your budget, the one constant is where your cash will come from.
While it was customary for the bride’s parents to foot the bill in the past, most couples finance their own nuptials today.
A reasonable, realistic budget is the essential first step. And like any major expense, good, old-fashioned saving is the best way to pay for a wedding.
But, you also have to be reasonable and realistic about the bills. Regardless of the budget and plan, you will have a lot of them.
While most people think of loans as reserved for cars and houses, there are numerous borrowing options out there – like the wedding loan.
It’s simply a kind of personal loan, but made with the newlywed in mind. It’s also an excellent alternative to credit.
A wedding loan can cover the expenses you simply can’t at the moment, but will be able to afford with a little time. Many offer special rates, terms, and even bonuses to make the debt manageable in the first years following the vows.
Wedding loans generally come with low rates intended to take a little bit of the financial pressure off of newlyweds. In addition, some financial institutions offer a bonus of up to a few hundred dollars for taking the loan out as a symbolic wedding gift.
Couples with good credit will likely receive an unsecured loan that doesn’t require collateral. Keeping one or both spouses’ assets out of the equation naturally expands financial breathing room.
It’s true money issues, namely debt, can cause a lot of stress in a relationship. Some personal finance professionals advise against taking on personal loan debt for that reason.
But, as with any loan, you should borrow responsibly. Taking out a $30,000 loan to cover the entire celebration is probably not a good idea. The best way to use a wedding loan is to fill the gaps.
A realistic budget is a critical step in the entire wedding planning process. Some suggests this basic breakdown as a starting point:
This is a good estimator, but by no means a definitive list. There are dozens to consider when planning for the Big Day.
Credit cards, especially those with short-term 0 percent annual percentage rates can be particularly attractive for newlyweds-to-be. It can also be particularly troublesome when you quickly rack up debt that could take many years to pay off once that promotional APR disappears and a variable rate kicks in.
A high-limit credit card may make you more tempted to stray from the budget, opting for upgrades that only cost “a little more.” Remember, it will cost “a lot more” a decade from now.
Wedding loans, on the other hand, give you a lump sum to use as you need it and where it makes sense in the budget. In fact, it helps keep things on budget, as you only have a limited amount to work with.
Once you have your budget laid out, you’ve estimated how much money you can save, and put a dollar figure on what you need, you’re ready to apply for a wedding loan – personal loan.
You might want to use it as quick cash to pay upfront costs like deposits for the church or reception venue that are often due more than a year in advance. You might use the wedding loan to reserve plane tickets and make reservations for your dream honeymoon.
When you’re filling the gaps, you may just want to designate a few specific categories where using the loan would be most helpful. As outlined above, food and drink eat up a lot of the budget and medium-sized necessities like photography, entertainment, and flowers can add up quickly.
If, for example, the reception is the most expensive item, you might want to apply for that particular amount. Conversely, maybe you’ve saved for the big stuff and just need to cover the smaller items. This should be ideal situation for most.
You might also keep the lump-sum loan for cash on hand – a “just-in-case” fund ready to cover any unforeseen costs.
Careful budgeting and diligent saving are best for your Big Day. But, if you need quick cash for a key contract or even just an emergency fund, wedding loans are the best alternative.
Apply for a personal loan through USACASHMONEY to get access to personal wedding loans.
Owning a home sometimes feels like owning a never-ending to-do list – fix this, replace that – when does it end? For responsible homeowners, it never does. But overlooking the small stuff can add up to much larger bills later on.
The medical billing system is complex. It’s not always easy to figure out how much you’ll need to pay to get the care you need. When you need medical treatment for a serious illness or injury, paying for an expensive procedure can be an extra burden.
Taking out a personal loan for medical expenses may seem like a tempting option.
A medical loan is a personal loan that’s used to pay for medical expenses.
Personal loans can be used for a wide range of medical treatments, including elective procedures, fertility treatments, prescriptions, surgeries and more. A number of lenders, including certain banks, credit unions and online lenders, offer personal loans that can be used for medical treatment.
Medical loans may be unsecured personal loans, meaning they don’t require any collateral. Since lenders are trying to judge your ability to repay the loan, applications for these types of personal loans will primarily focus on factors such as your credit history and income.
You can also apply for a secured personal loan to help pay for medical expenses. Secured personal loans require you to put up collateral to secure the loan, but you may be able to get more competitive rates.
The amount you’re approved to borrow and the terms of the loan will depend on a variety of factors, including your credit history.
There are a few benefits of using a personal loan to pay for medical expenses. You may be able to get access to funds quickly — and if you’ve had a medical emergency, this may be the most important factor for you. If you apply and are approved, some lenders will give you the funds within a few business days.
Personal loans may also be cheaper than using a traditional credit card to pay for your medical debt. If you have excellent credit, it’s possible to find personal loans with APRs as low as 6% or less. Since the average APR on credit cards is in the double digits, you may end up paying less interest with a medical loan.
Medical loans can be an expensive financing option. While some borrowers can qualify for low-interest personal loans, applicants with less-than-perfect credit histories will probably see much higher interest rates. Depending on the terms you qualify for, you could end up paying a lot in interest over a number of years.
We offer a useful solution when you need to cover medical expenses and want to do so quickly and stress-free. Get the USACASHMoney Personal Loan and borrow $5,000 to $40,000 to cover a variety of medical costs, including dental expenses, cosmetic surgery fees, and laser eye surgery.
Being serious is more than being acceptable. The finishing touch on any man are those individual items above and beyond tied shoelaces that help people come to conclusions about who you are. Most men dress rather generically, but if you are the type to have stand-out shoes and a clever scarf… and are still going to pick up “Jenny,” then she is a lucky gal. As for the rest of us, we don’t have many opportunities to signal success other than the watch on our wrist.
So wear a nice watch. Have something that shines in the light and glistens with the right mixture of metal and color. Make it seem like you saved up for it, or it is a cherished treasure you restored after your father gave it to you. Better if it is something unique and you spent some time finding just the right one versus stopping at the watch counter at your local department store and choosing a model you like from a European sounding brand whose name you can easily pronounce.
Having something like that on your wrist is a message to people dealing with you that you should be taken seriously. It can backfire of course if your watch exudes wasteful excess or bad taste, but in the end is better than showing up to a business meeting with a polyurethane sports watch with a green tinted LCD screen. I’ve been told more than once “in Europe a business man is not taken seriously if he is not wearing a mechanical watch.”
Above I mentioned that to be taken seriously you need to be noticed with a nice watch. The question can then become “what watch?” Us men have precious few accessories we can wear to separate ourselves from each other. I take that back, us men have precious few generally well-viewed upon socially acceptable accessories we can wear to separate ourselves from each other. If you want to be one of those guys who wears a lot of jewelry, unique hats, and face tattoos… go right ahead.
What we have to differentiate ourselves is wrist real estate. A place where manly men and business men equally can wear something without causing additional questions to be asked. It is this space where we as individuals can communicate our taste, values, etc… This means that the watch we wear communicates a lot about who we are (or what mood we want to give off that day).
If you are a generic person you can wear a generic watch. If you are a unique person you can find a unique watch that fits your personality. You may not want to stick out all the time (which is why the world gave us Rolex Submariners), but when you do it starts with either what is on your wrist or your loud mouth. The watch world is full of limitless design – you want to take advantage of all the options.
They say that eyes are a window to one’s soul. That may be true, but so are your hands. You may not have noticed it, but hands are extremely communicative when people talk. Either hands are part of elaborate Italian-style gesticulation, or they offer more subtle signs as to how someone is feeling. When communicating with others we almost always notice their hands. Think about it the next few times you are talking to someone. Close to the hands are the wrists, and one one of those wrists could be a watch.
As human beings we have hand fetishes. We use them, notice them, and touch them. We also like nice things touching our hands. A fine watch is pleasing on the skin. Well-made metal and other materials that are soft and secure feeling – giving you something interesting to run your fingers over from time to time. Perhaps that is why I play with my watch when fidgeting.
People looking at your hands will likely notice what is on your wrist. Give them something to enjoy that is worth all the attention.
The basic scheme of an analog watch is simple and consistent. The way of expressing it is where all the creativity comes in. Watch design is therefore inherently artistic. There is a lot of crap out there, but the best stuff is beautiful and how often do you call a tool beautiful?
Art on a watch can come in many forms. The dial can literally be a painting, or the design of the instrument itself is where the art comes in. For many people, the movement contains as much art as the case and dial. Art is the expressive elements placed over the necessary functional parts – so almost every watch has at least a bit.
For those like me who need a little art in their lives daily, you’ll have no problem finding many watches that move you just like a masterpiece in paint.
Not only is a timepiece the quintessential gift but it is the quintessential heirloom. While morbid in its tone, it is sometimes a good idea to consider life from beyond the grave. No matter what your philosophy is on the end of life, we can all agree that people can live on through the memories of those that knew them.
I own a few timepieces from people I knew that are now deceased. Having these watches makes me think of them. Not just in general way, but in a real and breathing way. They wore these watches for a long time. The watches show signs of use and love, and life. To be honest I wouldn’t care if these watches were $50 or $50,000 in value as long as they made me think of these people. The benefit however of passing down a nicer watch is that it is more likely to survive the test of time. You could also argue that it helps maintain a better image of you after you go, but that is up to the person leaving the watch.
A watch collection is also a legacy. It doesn’t necessarily have to be worth a mint, but leaving your watch(es) to someone you care about is an enduringly positive thought about passing on those values that were important to you, to someone else