Yearly Archive 2020

ByUSACash

Checklist to ensure that you get a Loan right away

The following checklist is key to getting funding, whether payday loan, personal loan, instalment loan (bad credit, good credit or no credit). If you have all the below, you are 90% of the way to getting approved.

  • Ensure that you have a direct deposit checking account
  • Be a U.S. resident
  • Have a monthly income, after taxes, of $1,000
  • Have a verified email or phone number
  • Be over 18 years of age

Here are some extra tips to ensure that you will qualify:

  1. Ask for a smaller amount than you need
  2. Apply using family members over 18
  3. Show all assets owned (home, cars, electronics, jewelry, other personal items)

 

All of the above will ensure that you qualify for either of the following loans:

  1. Personal loans (student, wedding, consolidation, bad credit loans)

  2. Payday loans

  3. Auto loans

 

 

ByUSACash

Installment Loans – Good for you?

Installment loans can be an incredible tool in your personal finance arsenal when used effectively. The term might sound unfamiliar or intimidating, but you’ve probably used an installment loan before, and almost certainly know someone else who has. Student loans, mortgages, personal loans, car loans – these are all common types of installment loans.

Whether you get them at a bank, or through an online lender, installment loans can help you deal with large, lump-sum costs that you may not have been able to save for. A lot of events that push people’s finances over the cliff are usually unexpected incidents like car malfunction or medical expenses. You might default to using credit cards to cover these costs, but this can be very detrimental to your financial fitness, as we’ll discuss in this post.

Even if the costs are for something that’s planned, like evening classes or moving costs, you might not have all the money you need up front. That’s when something like installment loans can be very helpful.

 

1.  Pursuing higher education

If you have federal student loans, you already have more experience with installment loans than you’d probably like.

2. Buying a house

Mortgages are just installment loans secured against houses.

Unless you are Taylor Swift, it’s unlikely you’ve got the cash necessary to buy a house outright. If you’re not feeling 22 (million dollars), mortgages end up being long-term loans (usually 30 years) so you and your installments might as well get cozy now.

3. Buying a car

Auto loans are another common example of installment loans. If you don’t have the cash to cover the upfront costs of buying a car, installment loans can help without stretching your bank account too thin.

4. Dealing with an unpredicted event

Installment loans can also help you cover unexpected costs. A parent may need assistance to pay for a surgery not covered by their HMO. Your car might suddenly stall in the middle of your morning commute!

You can’t always plan for medical and car repair bills, but they can quickly wreak havoc.

Paying those bills back in installments, as you continue to earn money working, can make otherwise painful medical expenses affordable. If you need access to credit quickly, it’s worth checking out online loans. A lot of new, alternative lenders have quick and easy applications that will allow you to get your money within days.

5. Investing in your career or yourself

Early on in your career, there will be many times when you have to invest in yourself. This might mean signing up for evening classes or coding bootcamps or relocating to a new city for a job. Many of these expenditures will require upfront investment that you might not be able to afford right away. If these are good investments that will pay off, then you can use a personal loan (a type of installment loan) to get the capital upfront, and pay it back more slowly over time.

Installment loans can be better than other types of credit (such as credit cards) because their interest rates tend to be fixed and lower. While it might be tempting to put everything on your credit card, it’s often a wiser financial decision to compare your options and make sure that you are not paying too much in interest and fees.

ByUSACash

Why Consolidate Debt

Debt consolidation is using one loan or credit card to pay off multiple loans or credit cards so you can simplify your debt repayment. With one balance instead of many, it should be easier to pay off your debt and, in some cases, secure a lower interest rate from the lender.

How Debt Consolidation Works

Let’s say you have multiple small loans with different interest rates and monthly payments:

Credit card A: $3,500, 24.90% APR
Wedding LoanB: $2,500, 18.90% APR
Payday Loan C: $1,500, 12.00% APR

Rather than paying these balances individually, you can consolidate all three balances with a single loan that requires one payment instead of three. For example, if you consolidate these balances into a $7,500 loan with 7.00% APR and pay off the loan in four years, you’d pay $1,120.80 in interest. By comparison, if you made a 4% monthly minimum payment on each loan, it would take more than $5,440 in interest payments and 12 years to completely pay off the debt.

Types of Debt Consolidation

There are a few methods you can use to consolidate your debt. Your options may be limited depending on the type of debt, your credit standing, and any real estate assets you have.

Credit Card Balance Transfer

A credit card with a high credit limit and a promotional interest rate on balance transfers is a good candidate for consolidating other high interest rate credit card balances onto a single credit card. Combining your balances under an interest rate that’s lower than the average rate of your existing balances allows you to save money on interest and pay toward one credit card instead of several.

Advantages of Debt Consolidation

  1. The average American cardholder has 7 credit cards. In a two-parent household with other debt obligations for a car loan, student loan or mortgage, the household debt payments add up quickly. When there isn’t enough money to pay off all these debts in full, deciding how much money to allocate to each debt can be a difficult juggling act, one that is repeated every month. Consolidating debt can provide an easier management process, resulting in a lot fewer transactions to track.
  2. With so many debt payments, it is easy to miss one every once in a while, even with the best intentions. Missing a single minimum payment by just a few days can result in penalties and fees.
  3. For some borrowers, debt issues can create an overwhelming situation internally. Getting into debt beyond means of repayment can have serious effects on your emotional well-being. Being able to take control of your debt rather than letting your debt control you can relieve some of this stress and have a positive effect on your mental health.
  4. Simply taking less time to pay your bills every month and having the confidence that nothing has been forgotten can be a big stress reliever. Various polls indicates that nearly one-quarter of American cardholders are surprised at least sometimes by a larger than expected credit card bill. Having a clearer picture of your financial situation and confidence that you have a well-defined path forward can be easier when you have fewer debts to manage. Seeing regular progress on debt reduction can be a big motivator to help you take additional positive action.
  5. Avoiding the stress of poor debt management can even have positive physiological benefits. Stress has been linked to the worsening of health conditions including obesity, heart disease, Alzheimer’s disease, diabetes, depression, gastrointestinal problems, and asthma. Reducing stress can make you feel better not only mentally, but also physically.

USACashMoney has options to reduce your overall interest payments and make your life easier – consolidate your debt today!
ByUSACash

Loan Funding Partnership – Higher Loan Approval Rate

We are proud to announce that we have partnered with new funding sources. This means that each loan application, during this coronavirus outbreak, has a higher probability of being approved regardless of your situation.

Our sources are willing to underwrite more of the personal loans, instalment loans, bad credit loans and payday loans than ever before. While there are still certain requirements, all it takes is a 5 minute application and your probability of getting access to these funds become easier, than ever before.

Do not wait and apply today.

 

 

ByUSACash

Personal Loans – Budgeting Tips while Raising Kids Tips

You may have heard that the cost to raise a child to the age of 18 has surged to a staggering $233,610. This is actually a average base case cost of raising a child in the United States, per United States Department of Agriculture (USDA).

One way to start budgeting is to list what you earn, spend money on and owe. It can help to look at past salary statements, benefit statements, bills, bank statements and credit card statements. If you spend or earn money any other way, be sure to look at this too.

USACashMoney has some 7 budgeting tips for families raising kids:

1 – SAVE ON DIAPERS AND FORMULA.

There are too many ways to save on diapers and formula to count. One of the best ways is to buy generic brands if you can. Both Walmart and Target have quality diaper and formula brands you can try for huge savings over time. Of course, you can also try Amazon Subscribe and Save to get diapers delivered at a discount.

Buying in bulk can also help you save on diapers and formula. If you have a Costco or Sam’s Club membership, see if you can save by stocking up with each trip to the store.

Also, don’t forget you can use cloth diapers instead of store bought. You’ll save money and reduce landfill waste at the same time.

2- SAVE ON DAYCARE.

This tip comes from yours truly. My kids are 6 and 8 now, but I saved a bundle by avoiding the pricey daycares available in our city. Instead of going with a daycare center that would set us back $300 or more per week, I chose small in-home daycare centers run by people I trusted. I was happy with the care our kids received, and I felt the amount I paid over time was fair.

3 – BUY USED WHEN YOU CAN.

Remember when we talked about the outrageous costs of baby gear? The good news is, you can buy most of it used. You may not want to buy a used car seat unless it’s from someone you know and less than seven years old, but it’s totally reasonable to buy used swings, baby bouncers, and strollers. Buy from people you know, from Facebook groups, or from Craigslist, and you’ll save a bundle.

4- SAVING MONEY ON KIDS AGE 5-11

Saving on school-age kids isn’t an easy feat, but it can be done. And a lot of the tips for babies apply here, too. You can keep on buying used clothing for kids in school, either from consignment shops, people you know, or Facebook groups, for example. And if you’re able to avoid moving up to a huge house just because you have kids, you’ll save on housing costs, too.

Here are some of the best ways to save on kids when they’re out of diapers but not quite ready for high school:

6 – AVOID PRICEY KIDS’ SPORTS.

One of the most important ways we’ve saved on our children is by limiting their sports to one per child. They each take gymnastics right now, and this particular sport doesn’t require fancy uniforms or more than a few practices per week. Since there are no games or “meets,” we also save by not traveling or having to spend our weekends going to and from sports activities.

7- LIMIT DINING OUT.

Fast food or takeout can be an easy way to get dinner on the table when you’re busy running school-age kids around, says Jim. But that convenience comes with costs — to both your wallet and your health.

To save money and perhaps your children’s health in the future, make home-cooked meals instead as often as possible. For busy parents, you should have lots of posts on crock pot and freezer meals you can make ahead of time if you need ideas.

 

USA CASH MONEY

We offer a useful solution when you need to cover expenses and want to do so quickly and stress-free. Get the USACASHMoney Personal Loan, Payday, BadCredit Loans and borrow $5,000 to $40,000 to cover a variety of medical costs, including dental expenses, cosmetic surgery fees, and laser eye surgery.

ByUSACash

Coronavirus personal loans

Payday loan companies are considered “essential businesses” in various states and many other states during the COVID-19 outbreak. As cities and states continue to shut down their nonessential businesses, what is considered essential will likely vary based on the needs of each location. But businesses that people rely on in everyday life will largely remain open. We are hoping to help you maintain your life and that of your family’s using personal loans, installment loans / cash advance loans or payday loans.

Nonessential businesses are generally recreational in nature. They don’t provide groceries, health or financial support, or utilities. Restaurants fall in this category, but most locations have allowed restaurants to continue to operate as long as they close dining rooms and switch to exclusively take-out and delivery.