New Businesses Are Able to Thrive

July 29th, 2015

I am a successful business person, but that is only because I refused to give up when doors kept getting slammed in my face. I realize now why so many people attempt to have their own business and end up working for someone else. It is hard because you have to invest time into a process that can be frustrating and irritating, but ultimately rewarding. There are some people who have the money they need to get started in business, but the majority of new business owners have to do it the way that I did.

That is finding individuals or other companies willing to become investors because every company needs a solid backer or investor to get ahead. That is where doors ultimately get slammed in most people’s faces. Some banks are willing to front some money to a company starting out, but that is only after long hours of devising business plans to show the bank why they are a good risk. Read the rest of this entry »

10 Reasons Why Payday Loans Are Ideal for Your Urgent Cash Needs

November 3rd, 2014

For a long time now, payday loan companies have provided credit advance services to many California residents. However, as the business thrived, many critics saw this business opportunity as being an avenue of keeping low income citizens in a financial crisis. The critics argued that the high interest rates associated with payday loans kept borrowers in a debt cycle. This criticism caught the attention of the lawmakers and in 2013, the California Senate sort to review this industry in a bid to protect the borrowers. However, in their review, they admitted that payday loans meet a credit need that is not provided for by banks and other mainstream lenders. It is for this reason that they passed the California Civil Code 1789.30 and the Financial Code 23000 to govern payday loans in California. These laws seek to encourage payday loan borrowing within limits that protect the borrower. Below are 10 reasons why any resident of California should consider payday loans:

Controlled interest rates – Following the restrictions set by the new California law, payday loan lenders are now limited on the maximum amount of interest they can charge on the payday loans.

Easy qualification – Unlike bank loans, payday loans are easy to qualify. Payday loan providers do not require a lot of documentation and legal processes as is the case with regular loans. This easy qualification makes these types of loans accessible to most people.

Easy application – Payday loans are applied online with easy and simple steps. Once you make your application online, you will be required to fax a few documents and with this, the loan is processed. You may receive a call from an agent from the lender to verify your details but this does not also take much of your time. Online-Payday-Loans-Service

Fast processing – Most payday loan providers guarantee processing of the loan within 48 hours. There are even providers who process a loan application within 12 working hours. This fast processing time makes it easy to know if one qualifies for the loan or not – within good time – especially given the fact that such loans are needed for emergencies.

Instant crediting – Once you qualify for a loan, the funds are credited to your checking account immediately and depending on your bank’s clearing policy, you should receive the funds into your account within 24 hours. This makes the loan ideal when one needs funds urgently.

No credit reference – One of the major advantages of payday loans is that they do not require one to have good credit or any credit at all. This makes it ideal for people who may have just started to work or for people who have a credit problem.

No security required – Another advantage of payday loans is that they do not require any security for the loan. All you will need is a payment recovery process either from your employee or from your bank. However, some payday loan providers may require you to deposit your car title to access the loan.

No paper-work hustle – Unlike regular bank loans that are characterized by a lot of paperwork and documentation to read through before accessing a loan, payday loans do not entail much paperwork. The application and approval is done online in easy steps.

Automated recovery – Payday loans have automated recovery processes either from your bank or from your employee. This means that once it is payday, the loan is recovered automatically and therefore making the loan convenient.

There you go – 10 reasons to consider a payday loan the next time you get into a cash fix…

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