All You Need To Understand About Payday Loans

A payday loan indeed has many names. Some call it a cash advance loan. A few think of it as a check advance loan. One another name is often a post-dated check loan. A few others call it a deferred-deposit check loan. The Federal Trade Commission in the U.S. calls it “costly cash”. Regardless of what you call it, it is really the same thing: a smallish (generally $50 to $500) short-term loan having considerable interest rate.

Why would you obtain a payday loan?

Payday loans are preferred for many reasons. To those who are actually in the position of requiring one, its benefits outnumber the disadvantages. And there really are shortcomings; nevertheless we will analyze those aspects subsequently.

To start with, place yourself in the shoes of the individual who requires some quick money. Perhaps you have just been placed in the unenviable situation of suddenly requiring some cash and being taken by surprise. You might have had a totally unexpected health care bill or perhaps automobile repair bill, or you may really need to take a trip unexpectedly, like in the case of demise in the family. Some people who want swift funds utilize it to fork out their every day expenditures, such as rent, groceries, utilities, and so on… Whatever the reason will be, you desperately require that money and you simply do not now have it.

Is really a payday loan your last option? Do you have other different solutions you could check out first? Well, what are often the merits of payday loans? Let us find out:

1. You would not really have to undergo the hassle of a credit check.

2. You will be able to fill out an application in person, on the phone or on the internet.

3. The procedure normally takes under 20 minutes.

4. The loan proceeds are conveniently deposited into your bank account in less than a day.

5. It is very affordable, at least to start with – you really do not have any up-front expenses.

6. It is very discreet – nobody else is involved in the process.

7. It is secure – your financial details are not discussed with others.

Alright, that makes sense. These are adequate reasons to get rid of the stress of remaining short of money. It is really a “quick fix”. You will be able to cover the shortage, and move on with your life. And you will be able to repay the next payday, correct? So you have settled your situation.

Just where would you be able to get a payday loan?

Payday loan firms are pretty much all over the place. There are over 10,000 payday loan outlets in operation in the U.S. And they are spread out in identical fashion all over the globe. If there is not a payday loan outlet near you, you can search the internet and uncover plenty of online payday loans out there.

These providers are in business to “help” people in dire financial need. They give these kinds of loans to individuals that cannot obtain the money they need at any other place. Let us now profile one firm who furnishes payday loans as part of their basically financial services business – Money Mart.

Money Mart was basically promoted as an alternate to banks. Their hours would extend past banking hours, and they would situate themselves in lot more accessible locations than banks. They can cash checks even when banks were closed, and people would not really have to travel very far for their services. They should have been on the correct course since today, they have 1,700 locations in Canada, the U.S. and the U.K.

A common Money Mart customer actually is an average working individual, 32 years old (82% of clientele are less than 45 years) and currently employed, having an annual earnings of approximately the national average. These clients go to Money Mart because of their fast service, their easy venues, and their prolonged functioning hours. The entrepreneurs of Money Mart had been right – their primary ideas nonetheless hold true these days.

Ever since including payday cash advances to their monetary services, they have carved themselves a very nice niche in the market. But they are certainly not the sole choice. You can today find a minimum of one, and typically several, payday loan facilities in almost every community.

Why precisely would you choose not to obtain a payday loan?

Now that we have researched the convenience of payday loans, let us now have a fair take a look at the disadvantages. All over the United States of America, governments on virtually every level are looking at payday loan channels with mounting worry. Plenty of individuals feel that they make the most of low-income people in financial difficulties. Some go as far as to express they “prey” on them. Their argument to that is that they are filling up a requirement and they are not carrying out anything illegal. So the debate goes on – let us examine why.

Do you remember when you believed you had sorted out your difficulty and you could move on with your routines? Well, what if perhaps your following paycheck, after your planned expenses, was not good enough to pay off the obligation?

If perhaps you came up short once again, you need not be troubled – payday loans are extendable, or renewable. This procedure is termed “rollover” and, when you do the same far too many times, it can end up costing you a whole lot of money. Let us study an illustration: Say that you borrowed $100 for 2 weeks (till your following payday). You give a check to the loan provider for $115 (including your $15 fee). The annual percentage rate of that loan is actually 391%! If perhaps you cannot pay off the $115 at the due date, you can rollover the loan for another couple of weeks. If perhaps you rollover the loan 3 times, the lending fee will reach $60 for a $100 loan. That is quite substantial interest, do not you suppose?

These are details you need to give consideration to when you are deciding if a cash advance payday loan is the ideal solution in your particular circumstance. For sure, the loan cost is substantial, yet it gives you the funds you require, whenever you need it, thus avoiding a whole lot of tension and trouble. It is really pretty true in consumerism nowadays that convenience will cost you money. Nevertheless is it worth that much? That is a question you will really have to answer for on your own.

Payday loans tend to be controversial – however they do fill a necessity

At this point we have evidently presented both sides of the discussion – and it is really a big debate in recent times. Hence which party will you go with? That depends upon your current situation. In case you truly simply have to have it, and you do not really possess some other choice, then a payday loan is probably the prudent thing for you. At the very least you will be in a position to keep your peace of mind, even when it does cost you some money.

When you end up in this scenario, use it as a chance to learn. Keep in mind, there are hardly any mistakes – simply lessons. When it is essential to get hold of a payday loan, ensure that you do not really roll it over a lot of times – that is really when it will become a trouble. Also in the interim, try to create a crisis fund so you would be able to cover those unforeseen expenditures. Become a good financial manager. Then you would possess an alternative, and also you would not have to depend on a payday loan as being “your last resort”.

No Fax Payday Loans – Paperless Loans

As soon as you finalize the loan terms with a lender, the first thing that you remember to do is to fax your papers to the loan provider. Before the documents can be faxed they have to be arranged. There are always a few documents that you remember at the last moment. To add to the commotion is the fax machine itself. If you have your own fax machine then it is good. If not, you have to spend hours locating the fax machine. Then also there are problems of the documents not reaching in full or the print being too vague.

These problems are enough to make you think of a way out of the faxing requirement. As if God heard your prayer, and commanded of the loan providers to develop no fax payday loans.

No fax payday loan is exactly what borrowers in the UK will prefer. With no faxing requirement, they can go about their work freely.

This forms one of the principal distinguishing features of no fax payday loans. The characteristics of a no fax payday loan are such that can do without documentation. The amount that one becomes eligible for under payday loans is very less. Borrowers can draw an amount in the range of ₤40 to ₤800. The loan proceeds are to be used for such needs as could have been met through the borrower’s salary, had he not emptied it in the middle of the month. Regular loans where large amounts are exchanged cannot be approved unless the borrower sends his documents.

The faster pace of approval of no fax payday loans can be owed to this absence of documentation. The loan provider can at once approve the borrower on receiving his details through an online application. Fast approval forms one of the important motivators to use no fax payday loans.

One cannot postpone certain needs for long, particularly when these needs form the essentials like food or rent for your accommodation. It is these needs that come up for disbursal through the no fax payday loan. Delay in their approval can result in customer dissatisfaction.

Borrower must confirm a few details about the loan provider who has been selected to process the no fax payday loan. Firstly, that they must be reputable and must have an experience in processing payday loans.

No fax payday loans do require of the borrower to fulfill certain prerequisites before forwarding their case for approval. The requirements are as follows:

o The borrower must have completed 18 years of age.

o The borrower must have a bank account in which the borrowers’ salary is directly paid in.

o The borrower’s bank must have a direct debit facility.

o Certain loan providers desire that the borrower must have a chequebook.

Payday loans are generally offered as secured loans. It isn’t any asset that goes towards guaranteeing repayments. It is only through a post dated cheque that borrower agrees to make time repayments on the no fax payday loan. The loan provider will present the post dated cheque on the date payments are due. The due date for final repayment of no fax payment loan is generally a week or a month. As soon as the borrower receives his next months paycheque he pays off the loan. It will also be in the interest of the borrower to quickly relieve himself of the burden of payment. This is because of a very high rate of interest chargeable on no fax payday loans. Borrowers cannot escape the high interest rate because a no fax payday loan is a short term loan which is characteristically of high interest rate.

The higher interest rates must not however be the reason to abstain from no fax payday loans. The ability of no fax payday loans to arrange cash within a very short notice makes them an inevitable companion of the present day’s individual, who is always in the habit of exceeding his limits while spending.

Top 10 Myths For Payday Loans

1. Payday loans trap consumers in “cycle of debt”
Although the phrase “cycle of debt” is a favorite among industry critics, it is not based on the truth. Researchers and American state regulators consistently report that 70-80% of customers use payday cash advances between once a year and once a month.

It is important to understand that a payday advance is not meant to be a long term loan. What a payday loan has done is assist millions of families with emergency needs. This means that a payday advance is given only under the agreement that it will be paid off on the applicant’s next payday (hence the term, payday advance). Short-term loan providers also operate a rollover service to help keep the payday advance applicant from being stuck in a long term, high interest rate loan.

2. All operate as loan sharks
A payday loan provided by a reputable payday loan or cash advance company does not take advantage of people. It is meant to be used only for a short term emergency situation by employed persons who need a little bit of help between paydays for emergencies. This is a very common occurrence when most families live pay check to pay check and may not be financially prepared for emergency repairs, travel or medical expenses. In reality, quick payday loans fill a necessary component in the economic world.

3. Rude employees
Payday loan companies do not compete on the price of their loan, therefore it is important for them to compete on other aspects of the service to create a competitive advantage. One of these ways is through customer service and to ensure all employees are financially knowledgeable and are fully qualified for the job to certify their customers are given an excellent customer service. This is further enhanced through the recording and monitoring of telephone calls in and out of the company.

4. Target vulnerable people, the poor etc
Payday advances are marketed toward subprime clients without a distinction in employment or culture. In fact, payday loans are marketed toward those people earning between £10 000 and £25 000 per year. Most payday advance members are under 45 years old and all applicants are currently employed with a steady income and have an active checking account. In reality, payday advances are meant for working adults with an immediate emergency need that cannot be satisfied through bank and union loans.

5. Hide fees and have high interest rates
The payday cash loan facility is required by law to disclose any application fees, interest rates and other fees. In accordance with OFT guidelines, it is a legal requirement that all fees and rates must be clearly outlined and disclosed to the customer.

A payday loan does have high interest rates. This is not because the lender is trying to take advantage of emergencies, but because they are a short term lender. The payday loans are meant to be short term loans, not long term loans that are constantly refinanced with monthly statements. This means that the payday loan company assumes greater risk at the same profit level as other financial institutions.

6. Threaten customers with coercive collection practices
Short-term loan providers are committed to collecting past due accounts in a professional, fair and lawful manner involving no criminal actions. In accordance with BBCA’s guidelines, companies in the UK may not pursue criminal actions against a customer as a result of the customer not repaying their loan. If absolutely necessary and after all other approaches have been tried, the lender may turn the issue over to a collection agency.

7. Operate outside the OFT guidelines
All short-term loan lenders should follow OFT guidelines and are dedicated to practicing all practices and collections in the best way possible. The company strives to educate the consumer and to make sure that our borrowers clearly understand the payday loan process. This is in accordance within the customer selection criteria in a Responsible Lending policy.

8. Unethical
Many posts have been written on consumer forums about how payday loan lenders are unethical and immoral for taking money from people who need it the most. This is not the objective of payday advances; these short-term loans are meant to tie over consumers until payday and be paid back on time. One loan provider operate a ‘Responsible Lending’ policy, listed in this policy are guidelines stating that the company’s charges are transparent and only lend to customers who can pay the loan back. The company also offers a payment plan option if customers are unable to pay back the loan on time; this allows them to pay back a small amount per week which the customer can afford.

Short-term loan lenders who offer payday advances have also been seen to partner with a charity to match customer donations made through the website. For example, one lender has partnered with Starlight Children’s Foundation to match the 50p donation, customers can choose to make on their interest payment.

9. Adds unauthorized charges to accounts
Payday loan providers only charge customers what they owe, and do not want to charge customers more for their loan. All companies ethical practices and responsible lending policy ensures customers only pay back the interest payments and charges which are relevant to their account.

10. Employees are trained to set hooks
Employees from payday loan providers are trained purely for business purposes, and to help customers as much as they can. Employees from short-term loan providers pride themselves on excellent customer service and helping customers out. To employees from this short-term loan lender happy customers mean increase commission.

The Cost of Payday Loans

You need a cash advance immediately, but are too shy to ask relatives or friends, and are scared of the paperwork involved in a bank loan. Shed all your worries, for help is a mouse click away in the form of payday loans. Payday loans are one of the most convenient ways of getting a cash advance today with practically no paperwork or other hassles.

Defining Payday loans

Payday loans are a short-term cash advance, when it is needed the most…usually between paydays! Payday loans are a great way to get some cash to tide you over to your next paycheck. The goal of payday loans is to assist you with finances to meet that unforseen requirement. The money is given as a cash advance and is directly deposited into your personal checking account, after which the cash advance funds, plus a fee, are taken out of your account at the end of the loan which usually is your next payday.

However, a payday loan is no substitute for long-term financial planning. This cash advance should only be taken to meet urgent financial needs until your next payday. It is only in emergencies that payday loans come in handy. Payday loans also bail you out of situations of bounced checks and late payment penalties by making the appropriate cash advance available.

Understanding The Cost Of Payday Loans

Forewarned is forearmed! So it is with payday loans. If you know what this kind of cash advance will cost you, you will be in a better position to weigh the pros and cons of opting for it. This way you will also know exactly what amount you need to pay back to the payday loan companies.

Your first step should be to find out the best rate of payday loan on offer. Whichever payday loan company you may choose you must know what will be the fixed amount that you will owe upon completing your payday loan.

Usually most payday loan companies charge around $20 to $30 per $100 of cash advance. To ensure that there are no ambiguities, insist that your final payday loan amount is spelled out in dollars and cents. This will help you know what you need to pay, when your payday loan is due.

To judge the best deal, go for the payday loans company that is offering a lower APR. Usually, most payday loan companies provide a cost-breakdown per 100-dollar increments that coincide with the rate.

Furthermore, most payday loan fees are based on the duration of the cash advance. The standard APR for most companies falls into the 400 percent range. As an example, suppose you were to borrow $100 at a fee of $20 for a 2 week period and if you did not pay if for a year, your service charge would be $520 for a 520% APR. To which you need to remember to add the original $100 that you borrowed.

There may be a situation where you are unable to repay the full amount of the cash advance to the payday loans company. In such a situation, the payday loans company generally charges the payday loans finance fee and defers the principal payment over a longer period of time, usually another 14 days.

The Other Hidden Costs

There are several hidden costs in a payday loan! Remember, if you are unable to pay this cash advance and you happen to lose your job, the clock does not stop. If you default on the cash advance, which includes the principal plus interest, the payday loan company will reclaim the entire amount plus all the interest accrued on this loan. A payday loan company may exercise a number of options to collect this cash advance:

·Sue you for the funds.

·Use a collection agency.

·Enter your details into a bad credit database which may limit your capacity to cash/write a check for commercial purposes.

·File a legal complaint for bounced-check charges that may leave derogatory information on your credit file.

By now, it should be clear that it is not prudent to go for payday loans without being aware of the repayment structure. To play it safe, make sure that the cash advance is repaid on time to the payday loans company. Read the fine print before you sign the agreement and understand the worst-case scenarios before deciding to take a payday loan. Once you understand the costs involved in obtaining a cash advance, you are a step nearer to fully enjoying the benefits of payday loans!

Typical Payday Loan Process

WHAT CAN I EXPECT FROM THE TYPICAL ONLINE PAYDAY LOAN PROCESS?

The world of online payday loans can be an intimidating and controversial one for consumers. With all of the negative hype and confusing misconceptions circulating, consumers often don’t know whether an online payday loan is the right financial alternative for them and their situation.
The truth is that an online payday loan might just be the answer you’re looking for! At the very least, the option of a payday loan is always something worth looking into, especially if you find yourself in need of immediate financial relief.

This article is intended to clear up some of the confusion and illustrate the typical payday loan process. Obviously, different companies will have different ways of conducting business.
In no way does this article represent the full and exact process for each and every payday loan company that you find online. It is only intended as a general guide for the process and what you can expect from a typical, respectable payday loan company.
Always fully research any company you plan to do business with prior to completing any transactions.

WHERE DO I GO?

First you will need to access the payday loan website. Typically, there are two kinds of payday loan sites on the internet.

1. A Payday Loan Lead Site.

o Normally a customer will search for a payday loan site and come across a “Lead Site” thinking it is a payday loan company. “Lead sites” are hosted by companies whose main goal is to gather information from several potential customers, and then sell that information to companies that will further review it and potentially lend you the funds you are requesting. Lead sites are normally identified because they do not have a member log-in section on their homepage. Also look for a disclaimer somewhere on the website which states that their main purpose is to generate name leads for financial loan companies.

2. A Genuine Payday Loan Company Website

o You can usually recognize genuine online payday loan sites by searching for a member’s log-in area. These sites are direct lenders for customers who apply for a loan via the company’s website. These companies are responsible for processing the applications in-house and depositing the funds into customer accounts once the loan is approved.

GENERAL REQUIREMENTS:

Customers should always research any company they are planning to do business with. After identifying the company you would like to use you will likely need to fill out a loan application. Online payday loan companies will have their own general pre-designated requirements in place that must be met in order to qualify for a loan. Examples of this may include the following:

o Active Direct Deposit
o An established checking and/or savings account that allows unlimited ACH deposits and withdrawals (Established for three months or more as a general rule)
o A minimum monthly take-home pay amount (Generally around $1000)
o An established employment history of 3 months or more
o US citizenship
o Applicant age of 18 years or older

Online payday loan companies tend to be very specific and forthright about all of the requirements in the loan application. Be sure to fully read and understand all of the terms prior to signing the agreement.

After you have fully and truthfully answered all of the questions on the application a determination will be made regarding the approval or denial for the loan. Different companies rely on different systems when researching applicants. Reasons for denial may include the following:

o Active “write-offs” or a bad payment history with other payday loan companies
o Non matching information on the application (i.e. – Social security number does not match name given on application)
o Lying on an application
o Applicants, spouses of applicants, or dependents of applicants who are on current active duty with any branch of the military (Federal law prohibits these individuals from doing business with payday loan organizations)
o Excessive loan inquiries with multiple payday loan organizations
o Recent poor checking or savings account history
o Excessive amount of current payday loans still outstanding
o False reference or employment contact information

TYPICAL FEES:

Once the loan is approved, the funds will be scheduled to transfer into the customer’s account. The customer will be notified of the date in which the loan will need to be paid in full. In the event that the customer is unable to pay off the payday loan debt on the agreed upon date, “extensions” can be requested. These extensions usually have a fee associated with them. The fee and a full explanation of the extension process should be explained in the original loan agreement. The purpose of an extension is to extend the amount of time before the full loan payment is due again. Customers are generally allotted a specific number of extensions that can be used during the life of a loan. Once this number is reached no further extensions can be requested and the full loan payment amount will be due.
Another fee which may occur, and should also be explained in the original loan agreement, is what is normally referred to as an “NSF Fee”. This fee is charged when attempts to retrieve scheduled payments are made and the customer’s bank rejects the attempted withdrawal due to Non-Sufficient Funds. Typical NSF Fees are around $20.

Note: Customers living in specific states may or may not be able to utilize the extension process, depending on state laws that govern acceptable payday loan processes. Other related state laws may exist and dictate different aspects of the payday loan service. Customers should always research their specific state payday loan laws and regulations before entering into an agreement online.

THE BOTTOM LINE

Online Payday Loans don’t have to be an intimidating or confusing subject. Responsible customers often find them to be the perfect solution for a tough financial situation. The ball is often in the customer’s court when utilizing this option since all of the terms, fees, and guidelines of the payday loan process are readily available prior to accepting any agreement. The key to any successful payday loan transaction is the customer’s grasp in understanding the process and anticipating the way it will play out.

In addition, when doing business with an online payday loan company, customers should also look for an in-house Customer Service Department line. This service can act as a life-line for customers who become confused about any aspect of the process or who may have general questions.

Quick Cash: 30 Ways to Make Easy Money in One Day

My idea of fast cash is getting money now, not in a week, but having cash in hand that day and without needing a lot of money to invest in to begin with.

In order to get money quickly and legally, you either have to sell, borrow, or beg for something.

Here are some ideas that you may not have thought of before. Some are online and some are offline, some well-worn and others a bit edgy, but hey, you need money and a man’s got to do what a man’s (or woman’s) got to do!
30 Easy, Quick Ways to Earn Cash Now
1. Rent out Your Apartment and Go Stay with a Friend

I’ve actually done this one so I know it’s possible, but I live in Manhattan where you can rent out just about anything for the right price. These days, it’s so easy to list a temporary rental on Craigslist, anyone can do it. If you live in a busy destination spot or you know of a big upcoming event in your town, consider using your house or apartment to earn money.
2. Sell Plasma

This has been a tried-and-true method to earn fast cash for a long time now. Why? Because it works. Apparently, selling blood is illegal but selling plasma isn’t. If you want to do this, just Google “where can I sell plasma in [your town]” and go from there.
Garage sales are easy and fun.
Garage sales are easy and fun.
3. Have a Garage Sale

Sure, it’s been done, but still, it’s a great way to get rid of your old junk and make some easy cash. You say you don’t have enough stuff? Well, hit up your friends, family, and neighbors. I’m sure they have enough old stuff that they would be glad to get rid of!
4. Sell Something on Craigslist or eBay

If your stuff is too valuable for a garage sale, put up an ad and sell it. Again, see if your neighbor, friend, or acquaintance has any items they’d like to sell and offer to do it for them for a cut. Many people are too busy to do it themselves and they would be glad for your help. You’d be surprised at what people will buy!
5. Collect Bottles and Cans

This is what I call homeless work, but hey, homeless people aren’t collecting bottles and cans for nothing! For every recyclable container you bring in, you can earn approximately 5 to 10 cents, and it adds up quickly.
6. Borrow It

If you have family or friends, ask them for a loan. Why not? The worst they can do is say no and think less of you, but maybe they’ll understand. Keep your mind on the cash, baby! If you have no friends, there are other people that will lend you money (see the video at the end of this article), although of course the terms may not be the greatest and you do have to have good credit.
7. Babysit

Babysitters make about $10.00 an hour (depending on your area and how many kids are being watched). If I were you, I’d pile them in. Of course, you don’t want Children’s Protective Services on your case, so keep it to five kids at a time and you’ll earn around $50.00 an hour (if you can handle it).
Sell your old books for extra cash.
Sell your old books for extra cash.
8. Sell Your Old Books

Many cities have bookstores that will buy old books. I’ve sold over 100 books at a store called Book-Off. From what I understand, Strand’s also buys books. I’ve also sold books at Powell’s bookstore in Portland, Oregon. Usually you don’t get much for your books. In New York I only got, on average, a dollar per book, but I sold all 150 books I brought for a total of $150. It isn’t much but it’s better than nothing for books that you don’t want or have already read.
9. Shovel Snow

If it’s snowing, put an offer on Craigslist to shovel snow. This is pretty self-explanatory, but I’ll explain anyway. Check out other snow-shovelers, see what they are charging, and then undercut them a little. A little competition never hurt anyone and hey, you’re desperate, right!
10. Pawn Something

You know that ring your great aunt left you that you never wear? Pawn it! You can get it back later if you want to.
11. Rent out Your Couch (or Spare Room)

I’ve done this too (but once again, I’m in Manhattan). People who don’t have money for a hotel still need a place to sleep and shower, and believe me they’d much rather stay on your couch than sleep in the car or on a park bench. Of course, you should be careful not to rent out to criminals, but if you interview your prospective lodger carefully, trust your gut feelings, and get some money up front, it should work out for you; it worked out for me.
12. Rent out Your Garage

Clean up your crap and list your garage as a place where someone else can store their crap. Storage is expensive. If you can undercut the going rate, you will have takers.

My Squidoo Earnings Record

Source
Making Money on Squidoo

I first started on Squidoo with the idea of promoting my mother’s book and also calling attention to a lake lot I wanted to sell. My first lenses accomplished those goals, but I didn’t stop there. Creating the lenses appealed to my sense of creativity. I was looking for a new outlet after the eHow website developed publishing issues. Squidoo seemed just the right thing for me to create online content.

At first I didn’t realize the earning potential for Squidoo, as there’s a two-month lag in paying earnings. In browsing around the site, I found some lensmasters discussing the money-making potential of their lenses. It opened my eyes to the possibility of having fun and making money at the same time. Lovely idea!

Squidoo isn’t a get-rich-quick site and there is real work involved in creating quality lenses. The good news is that the site is free and has a very supportive atmosphere with lensmasters willing to help others succeed. Over time, lenses can earn significant money for the lensmaster once you learn how to monetize, how to apply keywords and how to create a lens that attracts an audience.

Here are my payouts from Squidoo, so new arrivals can see the progression. This is just one sample, as others earn more if they create high-interest lenses and some earn less if they are less proficient in their lens creation. I’ve included a place to post your own earnings if you want to share that information. New lensmasters find it inspiring to see the possibilities of creating and earning on Squidoo.

(photo: my baby picture… you have to start by taking baby steps on Squidoo)
Source

Graphic from Zazzle: Growth by joxxxxjo
My Paydays on Squidoo – 1st Year – Note that for months and months, I earned very little

Sept. 2008 – Made my 1st lens and went away, forgetting about Squidoo.
August 2009 – Returned and made 2 lenses.

September 2009 – Made 5 lenses.

October 2009 – Published 9 more lenses on Squidoo. (on the 10/08/09 payday for the month of August earned nothing. Squidoo has a 2 month lag for paying out the earnings.)

November 2009 – Added 25 more lenses. (Earned nine cents on the 11/05/09 payday)

December 2009 – Made 34 more lenses. (Earned ninty-four cents on the 12/15/09 payday. This is from the October work.)
January 2010 – Made 27 new lenses. (Squidoo said I earned $3.73 for the November work, but still haven’t reached the minimum $10 payout that I’d set)

February 2010 – Made 23 new lenses (In mid-February, Squidoo told me I earned $4.23 for the December work.)

March 2010 – Made 28 new lenses (On the March payday I earned $8.95 for the January work.)

April 2010 – Made 12 new lenses (On the April payday I earned $9.57 for the February work.)

May 2010 – Made 7 new lenses (May payday, I earned $31.56 from 61 lenses. The rest of my lenses did not earn anything this month. This was the royalties for the month of March.)

June 2010 – Made 20 new lenses (On the June payday I earned $50.29. Remember the 2 month lag in paying, so this was for earnings from April)

July 2010 – Made 29 new lenses (For the July payday I earned $42.22. This is for earnings in May.)
YOUR ROYALTIES (06/01/2010 to 06/30/2010)

Your new lens earnings this period = $58.90

Zero lenses in tier 1, 7 lenses in tier 2, and a huge number in tier 3 or lower.

(I’m really looking forward to next month’s payday, as I’ve had a number of associate sales on various lenses)
YOUR SQUIDOO ROYALTIES (07/01/2010 to 07/31/2010)

Your new lens earnings from this period = $139.50

96 lenses earned something during the month, but $85 came from my three lenses that stayed in tier one.

Add in the $99 from the Summer Sunshine award, my earnings came to $238.50 this month from Squidoo.

AMAZING SITE WHERE YOU BORROW MONEY OFF PEOPLE NOT BANKS !!!

NEW GENERATION OF BORROWING

i found a company not so long back where if you was stuck for money and didn’t have a good credit history or banks wont lend you the money.

when i first looked into this company i found it to be a little unbelievable but i applied for a loan of £5000 over 5 years and the monthly payments would be £110 which made me think is it a scam because the bank where i had applied wanted payments of £140-£160 per month. so i applied and within 4 days or so i had an email asking me to contact them so i did and thay just asked me to confirm a few things and security questions and then said i can confirm you have been accepted and the money will be in the bank 3-5 working days(i got it 2days later).

This was made possible by this company using real normal people investing a little of their money anything from £10-£2000 per person. i had 52 people lend me different amounts of money which i could see in a table and how much each thay borrowed you. all you have to do is pay the monthy payment and the company does the rest.

however the company does put a charge for this service but it is put on the loan and is included in monthly quote you receive when applying.

you could also become an invest if you have a spare bit of cash and can start from as little as £20 and you set your own interest rates.

so in short i found this company to offer the best interest for the little information they require. there is no credit check no paper work its all based on the information you give. thay helped me out of a hole and the banks wouldn’t i am now a lender to help other people that were like me with the little money i can spare.

Poor Credit Payday Loans – Avail It Without Any Checks

After you have paid off most of the bills, you are left with little money by the mid of the month. In such a time, if some urgency like repairing your car, avoiding a late payment or buying some essential items occurs, then there is usually little option left than to take out poor credit payday loans. This is because these loans are given without any delay despite the borrower having late payments, arrears, payment defaults in the past. Such loans, however, may result in new debts as well. Hence you should borrow the money with care.

No credit checks are done on these borrowers in approving the payday loan. this is mainly because the loan is given for 14 days only, assuming that he or she will repay the loan at the time of next paycheque. Hence, the lenders do not see many risks in giving out the loan. However, the borrower must be holding the current job for past six months, getting a fixed monthly salary of $1000 at least. The loan is approved for US citizen, who are 18 years of age or above.

These loans can give you anywhere from as little as $100 to $1500, depending on your monthly salary. Its approval comes up to the period of your next paycheque. Then, if you are not able to repay the loan, it can be rolled over for few more weeks on charging the interest payments. As far as the mode of repayment is concerned, the lenders take back the loaned amount plus interest charges on the due date from your bank checking account.

However, a draw back is that poor credit payday loans carry very high rate of interest, which may go up to 30 percent for two weeks only. But the high rate has nothing to do with your credit history, as the rate will be the same high for good credit borrowers as well. Hence, think twice before borrowing the money, and repay it at the first opportunity. Some of these loans can also be cited on internet at lower rate of interest, if you can meet certain conditions. To improve your rating, pay off the loan on time, without extending it.

Payday Loan Online-quick Money With Easy Online Method

To fix short term financial worries with an easy way out, payday loan online is the suitable approach. As its name refers, you can get it applied with the ease of online method that is really quick and simple in nature. These are one such loan service that can be applied through with the convenience of online method. If you need cash support right at your doorway, this is the apt loan option. Payday loan online is meant for the people who cannot wait more of the days to pay off their expenses.

There are several terms and conditions that the borrower need to fulfill to get the approval of payday loan online. Such as:

1. Permanent citizenship of US
2. An adult with age of eighteen years or more
3. A bank account
4. A regular employment
5. Earn at least $1000 per month

If you meet the above mentioned criteria, you will get approved with loans payday without mere trouble and issue.

Here, you can find several benefits of using online method to get a payday loan help. There are several reasons for which the online application method is gaining gradual popularity. The online loans portals are a great boon for people who are good at negotiation skills. This method provides the fastest way of loan approval. To get applied, you just need to fill a single online form available on the lender’s website. After few hours, you can find the loan money in your bank account within hours.

No collateral pledging facility is required and no credit check is done for approval. Thus, bad credit borrowers can also apply for this loan without any apprehension. If you are holding bad credit factors like insolvency, foreclosures, deferred payments, arrears etc., you are applicable without any issue.

If you are facing inadequacy of funds in your life at any point of time and need cash aid without any hassle, payday loan online is the correct loan alternative.