Installment Loans by the Lead Expert

Emergencies often arise causing people to need cash quickly. Many individuals need quick access to money to pay hospital bills, car-towing charges, or for emergencies. These individuals often times go online for information regarding an installment loan.

An installment loan is a loan with a fixed number of payments. They are somewhat similar to payday loans but with installment loans you pay fixed payments back to the lender until the loan is completely paid off.
Some Installment Loans come with the following benefits:

• You can get up to $12,000
• Installment loans offer convenience. The reason for this is because you are able to budget wisely. You know the exact amount of your payment and the exact day that it is due.
• It doesn’t matter whether your credit rating is not perfect.
• During the repayment period, there is typically a steady decrease in the amount of interest as you make payments.
• Installment loans are readily available and easy to access

Typically, there are two types of installment Loans: Secured and Unsecured.

• Secured loans – These are offered by financial institutions against collateral.

These loans attract a lower interest rate charge as compared to the unsecured.

• Unsecured loans – To qualify for these loans, one must have an indication and proof of current employment. These loans attract a higher interest charge compared to the secured ones.

Payday lenders -vs- installment lenders

Payday lenders do demand costs for their services, but with installment loans for bad credit, you can spend back your short-term bank loan with a selection of payments. Payday lenders normally require that borrowers spend back their loans and costs all at once, on their next payday. But, should you require more money than you can afford to possess used away from your next paycheck, installment loans will be the answer.

Top 10 Bad Credit Installment Loans

More and more people are choosing installment loans to help with unexpected emergencies. Bad credit installment loans are repaid with a fixed regular installment, and a rate of interest fixed for the duration of the loan. Whether you are funding an education, purchasing a vehicle or simply need cash, bad credit installment loans might just be the thing you have been looking for.

How can I find a loan that is best for me?

To find the loan that is best for you, talk to a loan specialist who will be happy to work with you to establish a loan best suited to your needs. Most installment loans come with terms from one to five years. Regardless of your credit history, bad credit installment loans are there for your convenience and are a wonderful resource for people with bad credit.

How can installment loans help rebuild my credit?

Installment loans for bad credit give you options. It also gives you the opportunity to rebuild your credit score as long as you make your timely payments and stay within your credit limit. It is extremely important to do extensive research before choosing a lender. Lenders typically offer loans at very competitive interest rates, so shop around and choose the lender that offers the best possible deal. There are a variety of bad credit installment loans to choose from, some are:

1. Payday bad credit installment loans: A payday bad credit installment loan is similar to a short term installment loan: you make small payments each payday until your loan is paid off. If you are 18 years or older, with a reliable source of income, you may already pre-qualify for a payday installment loan. If you choose to apply online, you will need to have direct deposit on your bank account and your money can be deposited in less than two hours.
2. Short Term bad credit installment loans: Short term installment loans of up to $150,000 can be yours in hours. These installment loans are similar to bad credit payday loans but have the option to pay back the loan in smaller portions on your paydays until the loan is paid off.
3. Secured bad credit installment loan: Offers a larger amount in loan and longer repayment period. This loan requires collateral.
4. Unsecured bad credit installment loan: The unsecured installment loan for people with bad credit do not re not require collateral.
5. Vehicle bad credit installment loans: Do you have a motor vehicle emergency? Installment loans can get you back on the road in no time. Whether you have a flat tire or other serious vehicle problem, you can apply for an installment loan to take care of all your auto expenses.
6. Personal bad credit installment loans: If you need cash in a hurry, you can take out a personal loan with terms of one to five years. A personal loan can be used for anything.
7. Education bad credit installment loans: Not sure how you are going to pay for college expenses? An education loan just might be your answer.
8. Consolidation bad credit installment loans: Can help you consolidate all your debts by paying them off with one single loan amount.
9. Mortgage bad credit installment loans: Loans for home are known as mortgages. The borrower can make monthly installment payments on the mortgage.
10. Credit Cards bad credit installment loans: Credit card loans are open-end installment loans where you make monthly payments until the loan is paid off.

What to Look Out for When Signing for Bad Credit Installment Loans

• Increase in interest rates: Late payments of installments can lead to increase in the interest rate.
• Early pay off: If you repay the loan earlier than the time period, the early payment penalty can lead to an increase in charges or fees.
• Automatic Loan Payments: You can avoid late fees by setting up a monthly automatic payment withdrawal from your personal checking account. If you choose to go this route, make sure that there is enough money in your bank account on the withdrawal date otherwise you will end up paying an overdraft fee.

NOTE FROM EMERGENT FUNDING:

You will NEVER pay a prepayment penalty.  If you want to save money on interest, paying off your installment loan early is definitely an option.  Just send us an email and we’ll show you how.

5 simple steps to Reduce Mortgage Cost with Bad Credit Home Mortgage Refinance Loan

Are you looking to reduce your mortgage with bad credit? If you are having difficulty paying your mortgage and fear foreclosure, reducing your mortgage makes sense. It is best to start thinking about the things you need to do to begin the process of reducing your mortgage cost and start applying for a bad credit mortgage refinance loan as soon as possible. Do not wait or it will be too late.

Here are 5 simple steps to help you reduce your mortgage cost with bad credit home mortgage refinancing loan:
Step 1. Do credit check and get your credit in order: Before you begin the refinancing process, you should get a copy of your credit report and clear up any mistakes. This will help you get a better refinancing deal. Also, do not open any new credit or make any big purchases while you are in the process of refinancing your mortgage.
Step 2. Determine your income and what you can afford to pay monthly: Your income will also determine if you get approval for the loan, the amount you qualify for and your ability to repay the loan.
Step 3. Refinance with your current lender: Before going to someone new, talk to your current lender first to see if they have a better refinancing deal available to suit your financial situation. Your current lender already has all your information on file which will help to speed things up a bit. Get the information from them first then comparison shop and go with the best offer.
Step 4. Know how much it will cost you to refinance: Reducing your mortgage cost can be beneficial in many ways. However, before you apply for such a loan it is important that you know about the advantages and disadvantages and all the fees, penalties and up-front costs involved and if it is worth doing.
Step 5. Find out which home refinance mortgage loan is best for your situation: Make sure you learn about the different types of mortgages available and select the one that is best for you.
Step 6. Shop around for the best bad credit home mortgage refinance loan to help you lower your mortgage: Talk to a few mortgage lenders and comparison shop to get an idea about what’s out there. Compare the same information with each lender and go with the one that offers you the best deal.
Get the peace of mind you want by reducing your mortgage cost with bad credit home mortgage refinance loan.
From: http://www.badcreditwhiz.com/

Getting a job with bad credit

Can you get a job with Bad Credit?

If you are suffering from bad credit, it becomes quite difficult to get a job. This is because bad credit is certainly not a very good sign in your credit report and employers are quite vary about employing people who have credit problems. They can find about the bad credit while doing your credit check.

According to reports from Wall Street Journal, employers are very particular about conducting background check to ensure that the image of the company is not spoilt. Bad credit can be caused due to reasons like inability to not pay your mortgage or credit cards. This has led to various other problems for job seekers like loan defaults, mortgage modifications, foreclosures, high credit card debt which will further affect the credit reports. All this can be reasons to evade potential employers.
Apart from this, due to increase in unemployment rate, there is severe competition among individuals to get a suitable job of choice. Due to this, if you have a bad credit and your counterpart has good credit, then the ideal choice for the employer would be to give the job to your counterpart as you are at a higher risk to the employer.
Federal Fair Credit Reporting Act (FCRA), enables employers to do a background check and credit check on you if you are a prospective employee. This can however, be done only if you agreed for the credit check. But in case you refuse for the same then it can be an indication to the employers that you are avoiding a check which can affect you further.

Getting a Job after Bad Credit

If you are affected by a bad credit, then you can get a job of your choice if you follow certain actions like:

• Immediately develop a strategy to revive your credit score. Pay up your credit cards and bills on time and avoid unnecessary expenditures. You can sign up with annualcreditreport.com or other paid sources to help you get easy access to your credit report and you can monitor it regularly. You can also check for any kind of errors and intimate credit bureaus immediately if you detect any. You also opt for a secured credit card or a bad credit card which informs the three credit reporting bureaus about your financial transactions and ensures that payment is done regularly to improve your credit report.
• Analyze your financial situation and the reason behind the mess. According to the FCRA, you are allowed to challenge your credit report if they are accurate or have some errors in them. Your creditor has about 30 days to respond so that you can rectify any error.
• You can even find an employer who might be fine to hire you in spite of your poor credit scores. You might have to work hard to find a suitable one and apply for many jobs.
• Be truthful and upfront about your financial situations and your bad credit with the employer and indicate to them about the reasons for the mess and how you plan to handle the situation responsibly. Prove to the employer your worthiness and make him hire you in spite of your bad credit.

Creditworthiness, Capacity, and Credit Scores

Posted on November 8, 2010 by Kevin Weier

In our day-to-day we all use cash, debit cards, and credit cards for our regular purchases and expenses.  Eventually, it’s likely that all of us will also find ourselves sitting across the desk from a personal banker applying for a loan.  Some of us will leave disappointed, asking ourselves, “I can afford the loan payments, so why didn’t I get the loan?”  The answer lies within realizing the difference between your ability to pay the loan (capacity), and your overall credit standing (creditworthiness).  Just because you can afford to make the payments, it doesn’t mean a lender will give you the loan.
Although your capacity is extremely important to all lenders when determining whether or not to approve you for a loan, they will also take into consideration your creditworthiness.  Creditworthiness is not black and white—“Good Credit” vs.“Bad Credit”—it simply means your credit is good enough to be approved.
Not everyone is creditworthy,  but if lenders only gave loans to people with good credit, many of us wouldn’t be able to buy cars, homes, or even go to college.  Banks know and understand this, thus offering better loans and lower interest rates to those who are more creditworthy than others.  In order to determine a person’s creditworthiness they use credit scores.  Below is a breakdown of the most commonly used credit scoring formula, FICO, which ranges from 300-850.
Less than 600 You will have a very hard time getting any kind of loan.
600-640: You will have access to lending, but you will have very high interest rates.
641-680: This is ok. You will be able to get decent interest rates on loans, but still not entirely desirable.
681-720: This is good. You will always be able to get loans easily, and the higher end of this has a good chance of quite low interest rates.
720 and up: This is the credit score goal. You will be getting the best possible rates and be able to do anything you want with your credit.

BBB Advice on charity giving to Japan victims

March 11, 2011 Want To Help Earthquake Victims In Japan? Check Charities Out With BBB First
BBB Charity Reports Can Help In Vetting Relief Organizations


Dramatic news videos of the devastating earthquake and subsequent tsunami that hit Japan early today have prompted many Americans to consider making donations to charities that provide relief to survivors. The BBB in St. Louis warns consumers to be cautious because fraudulent charities often crop up to take advantage of their sympathy for earthquake victims.

“Whenever there is a major natural disaster, there are two things you can count on: The first is the generosity of Americans who donate time and money to help victims, and the second is the appearance of poorly run and, in some cases, fraudulent charities,” said Michelle L. Corey, BBB president and CEO.

 

“Donors want to be sure their money goes to competent relief organizations that are equipped to handle the unique challenges of providing assistance in a disaster zone,”
Corey said.

The best way to help is to donate money to a reputable humanitarian organization, like the American Red Cross, a BBB Charity Seal holder. The American Red Cross has a long history of responding to local, national, and international disasters.
The BBB offers the following tips to help Americans decide where to direct donations:

• Rely on respected experts to evaluate a charity. Be cautious when relying on third-party recommendations such as bloggers, because they may not have fully researched the listed relief organizations. The BBB provides a Wise Giving Guide to charities at www.bbb.org/charity. The guide shows which charities are accredited by the BBB and whether they meet the BBB’s 20 Standards for Charity Accountability.
• Be wary of claims that 100 percent of donations assist victims. All charities have fund-raising and administrative costs. Even a credit card donation will involve, at a minimum, a processing fee. 
• Be cautious when giving online to unfamiliar charities. Be wary of spam messages and emails that claim to link to a relief organization. After the tsunami disaster in 2004 and the earthquake in Haiti last year, many websites and organizations that were created overnight allegedly to help victims turned out to be scams. 
• Find out if the charity has a presence in the impacted areas. Unless the charity already has staff in the affected areas, it may be difficult to get new aid workers into the area to provide assistance. See if the charity’s website clearly describes what they can do to address immediate needs.
• Find out if the charity is providing direct aid or raising money for other groups. You may want to avoid the middleman and give directly to charities that have a presence in the region. Check out the ultimate recipients of the donations to ensure that the organizations are equipped to effectively provide aid.
• Gifts of clothing, food or other in-kind donations may not be appropriate. Unless the organization has the staff and infrastructure to distribute such aid, the donations may be more of a burden than a help. Ask the charity about their transportation and distribution plans. Be wary of those who are not experienced in disaster relief assistance

For more information about charities or to get a BBB Business Review, check with the BBB at http://stlouis.bbb.org/

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