19/11/2019 Finance makes the world a new place

Payday Loans – The Good and the Bad Points

Due to the credit crunch, which has affected people across the world, getting short-term loans from traditional lending institutions has become quite difficult. While traditional banks are hesitant to give out short-term loans to people, payday loan lenders are still very active in providing loans to people. Prior to taking out a wage advance loan, there are several advantages and disadvantages that must be considered.

The first advantage of cash advances is that they are a very quick way to get cash. While you may manage your daily expenses well, there are situations when you may need to pay for something immediately, but do not have the immediate liquidity to do so. In a situation when you don’t have access to the money you need, a payday loan could give you the money you need. In many situations, you can receive your loan proceeds deposited into your bank account within just a few hours of applying.

The second advantage of payday loans is that they are easy to receive. They do not require any form of collateral verification or credit checks, which typically take traditional mortgage lenders weeks to accomplish. Instead, a the lender will just need to verify that you are still employed, and confirm how much money you make by reviewing some recent check stubs.

The third advantage of wage advance loans is that they can help you build your credit score. Not only will repayment of your payday loan be a positive mark on your report, but by getting the loan proceeds, you will be able to pay all of your other monthly debts on time.

The main disadvantage of payday loans is that they come with high interest rates compared to other types of loans. Interest rates on these loans typically range from 15% …

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4 Core Tenets to Selling Your Gold For Profit

Most people have gold items they’ve long forgotten. For example, you might own a clasp that you once wore proudly, but has since fallen into disrepair. Or, you may own a watch that no longer keeps time properly. Fixing it might be cost-prohibitive, so it sits collecting dust in a dark recess of a dresser drawer. Jewelry, coins, and even fillings can be sold for cash, regardless of their condition.

Many people fail to realize they can easily sell their gold items for profit. Given the recent climb in prices, now may be an ideal time to do so. The key is knowing the best approach to take. In this article, we’ll provide a mini blueprint you can use to sell your gold items while the market remains strong.

Tip 1 – Avoid

“Traditional” Buyers When people think of selling their gold belongings, the first buyers that come to mind are typically pawn shops and jewelers. If you must sell quickly and need the money immediately (i.e. at that moment), these buyers might represent an appropriate solution. The problem is, they are unlikely to offer you a competitive price. They need to leave themselves plenty of room to make a profit. The only way they can do so is to make a low offer.

If you’re desperate for cash or only have one or two small items to sell, taking them to a pawn shop or jeweler is fine. Otherwise, consider selling your pieces online. Some buyers are willing to send a check within one business day.

Tip 2 – Go Direct

Selling your pieces online requires a bit of clarification. You’ll find two types of buyers: brokers and refineries. The difference between them is critical. When you work with a broker, you’re selling your items to a …

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