Short-Term Loan Options

Although many people see loans as a long-term financing option, there are
some short-term loan options available as well. These short-term options
range from a year to just a few weeks. If you are in need of money fast in
the short-term, then you should look at the short-term loan options
available to you.
Here is some information about those options and help they can help your
finances.

Why short-term loans?

Although there are other forms of borrowing that might be more appropriate
for the short-term, loans are also an option for short-term borrowing. If
you have had unexpected money problems and need some money fast but don’t
want to be paying the amount back for years, then a short-term loan might be
a good options.

Short-term unsecured loans

One of the short-term loan options available if you want to borrow a fairly
large sum of money is to get a regular unsecured loan over a short period.
You can borrow a few thousand pounds and pay it back over a year. Although a
year isn’t a very short time, it might be cheaper than using a credit card
and be quicker to pay off. If you require a larger sum of money, then this
is one of the best short-term options available to you. Although you have
longer to pay back the loan, the interest will be lower than other
shorter-term loans.

Payday loans

Perhaps the most short-term loan available on the market these days is the
payday loans. Payday loans or cash advance loans are given to people who
need a little extra cash until their next payday. Loan terms are very short,
and range from 1 week to a month or two. These loans can be got hold of very
quickly, and you can usually borrow up to £500 depending on your
circumstances. Of course, this convenience is at a price, and the interest
rates are very high. You usually pay around 10% of the loan amount to get
hold of the loan, and pay this amount again every time you cannot pay. These
loans are great if you need a little cash injection until you get paid, but
if you do not pay the loan back then you could find yourself paying as much
in fees as the loan cost in just a few weeks. However, for very short-term
lending these loans are the best option.

Alternatives

Of course, the major alternative to short-term loans is the credit card.
Credit cards have fairly high interest rates, but they are convenient and if
you already have one then you can use the money straight away. For
short-term borrowing, they are one of the best options around. However,
because there is no real time limit on paying the money back, they can drag
you into debt quickly. If you need small amounts of money over the
short-term, then you should consider loans as an option, because you have to
pay them back in a definite period. Some have lower rates than credit cards,
and can help you to stay free of debt.

About The Author: Peter Kenny is a writer for http://thriftyscot.co.uk,
please visit us at http://www.loanwize.co.uk and
http://www.thriftyscot.co.uk/Loans/

Instant Online Payday Loan

Payday loans are short-term personal loans that are also known as cash
advance loans, check advance loans or post-dated check loans. These loans
are advances on one's next paycheck and are normally availed to meet an
emergency or unexpected expenses that arise before the next pay date.

Instant online payday loans are payday loans that can be obtained instantly
through the Internet. Thanks to the Internet, the payday loans have been
made the most easily available of all loans and it is almost instantly that
the borrower can receive his cash. With just the click of the mouse one can
access the whole gamut of information and the websites of reputable payday
loan companies on the Internet. All that one has to do after locating a
reputable lender online is to fill out a simple online application form. The
instant online payday loan is then processed and the cash credited almost
instantly into the personal account of the borrower.

What is most important for the quickest access to instant online payday
loans is a good credit history. The credit checking methods of the lending
companies are designed in such a way that if you are able to prove that you
have been prompt with earlier loan repayments, your loans are processed in a
speedier way and you get to enjoy a lower rate of interest due to your good
credit history.

The Internet has revolutionized the way payday loans can be procured because
you can search for best deals that would suit you and go for a company of
your choice. The credit checks are also done electronically and the instant
online payday loan is sanctioned after such checks. The cash is also
electronically transferred into your personal account for you to access.
What is most fascinating is that all this can happen within a matter of half
an hour in most cases.

A payday loan is procured by writing a personal check to the lender for the
amount one wishes to borrow, along with a fee.
The loan company then gives the borrower the amount of the check after
deducting the fee. The fee is usually a percentage of the check, or based on
the amount borrowed. Fees normally start at $10 per $100 in a typical payday
loan. Online instant payday loans range from $100 to $1500 or sometimes even
up to $3000.

The borrower also has the option of extending or rolling over his instant
online payday loan. The borrower can do so by paying the fees for the loan
extension and the lender holds the borrower's check until the next payday.

The online instant payday loan has revolutionized the way payday loans are
availed. In the conventional system, one has to fax in the documents to the
payday loan company that will verify documents and do credit checking that
would take anywhere between one to ten days. Today, thanks to instant online
payday loans, one can have access to cash advances almost instantly without
having to move from the comforts of one's home or office.

About The Author: http://www.paydayloansguide.org

Using A Loan For Debt Management And Counselling

One option that many people take when they find themselves in debt that they
can not rid themselves of alone, when the bills are piling up and can't be
paid off, is the option of a debt consolidation loan. Individuals who select
this method have often rejected other methods such as debt counselling. Debt
counselling requires a lot of face to face interaction, and some people do
not feel comfortable in this situation. In addition, consumer debt
counseling entails an application process that involves creditors, so the
process could result in a bad credit score. Individual debtors who do not
want to risk this are very curious about applying for debt consolidation
loans online.

Remember that the Internet is a vast place, full of opportunities and
pitfalls. There are hundreds of companies offering consolidation loans
online, and it is up to individual debtors to do some careful research to
determine which company offers that best solution in their current
situation. The company the individual chooses will need to know what they
are doing and know how to do it right, so indivduals should not jump at the
first offer they see in their search. First, look for a company that has a
good reputation. Do not rely on personal accounts that you read on their
website; any company can hire people to say that they are great. In fact,
some companies can just write their own testimonials. Instead, look online
for a consumer website that is not funded by any particular company and
where you can find information from actual customers. Many of these sites
will have ratings systems that can help determine the worth of the company
to a prospective client. A second thing to look for in your research is if
the company has been accredited by a third party organization. Accreditation
offers an extra measure of confidence and security.

When individuals have found the company that best suits their needs, they
must keep in mind that disclosure is going to be necessary. There will be a
lot of financial information given over to the company the individual
chooses, so the chosen company needs to be one that the debtor has trust and
confidence in. When filling out the forms for the loan online, make sure
that the lock symbol which indicates security measures is on. Make sure to
ask a lot of questions about the security measures and services the company
uses; if there are any doubts as to the safety of indivdual information, do
not use the company.

About The Author: Eric Slarkowski writes for the most part for
http://www.creditenio.com , an online site covering information on business
debt and credit repair. Writing for publications (for example
http://www.creditenio.com/counselling.html on debt counselling ) he showed
his skill on the topic.

Homeowners Foresee Long-term Mortgage Commitment

More than a third of homeowners predict they will be nearing retirement before they own their own home, new research suggests.

Responding to a One Account survey, 36 per cent of homeowners predicted they would be at least 60-years-olds before they paid off their mortgage.

A further 20 per cent didn't expect to fully pay off their mortgage until some time in their 50s, with many also complaining that mortgage commitments were impeding on other areas of their life.

More than two in five claimed not to be able to save because of their mortgage, while nearly one in five 25 to 29-year-olds said it was forcing them to delay starting a family.

However, Debbie Milsom from One Account questioned why homeowners were finding their mortgage such a burden.

Paying off a mortgage should not mean that people have to put their life plans on hold, Ms Milsom said.

She added: It is worrying that homeowners perceive that it will take them until they are in their 60s before they pay it off when they should be spending this time preparing financially for their futures.

Ms Milsom reminded homeowners that there are often flexible solutions for managing payments.

Homeowners with overly expensive payments may also find remortgaging can help to reduce their monthly commitment.

As less people are putting money into pensions, more could begin looking at remortgaging to ensure economic stability during their later years.

Figures released by Moneyfacts have shown that personal pension returns have fallen by as much as a half in the last decade.

The news means that even if Britons are putting the same amount of money into their pension pot every year, their average with-profits pension fund could be half what it would have been in 1996.

These latest figures should serve as a powerful reminder that securing a comfortable retirement will only be possible for those individuals who actively monitor and manage their own pension provision, warned Richard Eagling, editor of Investment, Life & Pensions at Moneyfacts.

The research from Moneyfacts could cause more people to consider other options of financing their retirement, with taking out a remortgaging and downsizing their homes one method to increase the amount of money available in later life.

About The Author: Providing http://www.tml-mortgages.co.uk & http://www.tml-mortgages.co.uk/remortgages/ to homeowners having current or previous credit issues, cannot prove their income or need to consolidate debt from TML Mortgages

Debt Counseling Tips

Demand for debt counseling is at a record high; 17 straight quarterly fed rate hikes, slowing home values (harder to get a debt consolidation loan), rising tuition costs, rising gas prices, bankruptcy reform. the list of consumer catalysts into debt counseling programs just seems to keep growing. But what are your options and which program is right for you? Read on.

First, some startling statistics: there is over $13 trillion in consumer debt out there, and over $2 trillion of it is revolving. When interest rates rise, that revolving debt hits the consumer's pocket book. For example, it has been estimated that over $2 trillion of mortgage debt that is based on
adjustable rates ("ARMs" or Adjustable Rate Mortgages) is going to re-adjust over the next 2 years. increasing American consumer interest fees by over $50 billion! What does it mean, it may mean that you cannot afford to pay your bills, and for many people, that means credit card debt payments are too high to afford which leads to Debt Counseling.

Debt counseling could mean a variety of things, from a traditional debt management plan that cuts interest rates and lowers monthly payments to a more aggressive negotiated debt settlement program that attacks principal as well as interest. Make sure that you sit down and do the budget analysis (http://www.bills.com/guide) and assess your monthly budget. The amount that you can contribute to paying down your debts should be the first step in evaluating your debt counseling options. If you can afford more than 2.5% of your total debt amount in a monthly payment, then credit counseling may be the best debt counseling option. If you can only afford 1.5% of your total debt monthly, then seek help from debt settlement or debt negotiation firms. If you cannot afford to make any payments, then you may want to evaluate bankruptcy in addition to your debt counseling options.

The next step in choosing a debt counseling program is to prioritize what is more important to you: your savings or your credit rating. If you just want to save the most amount of money while getting debt free as fast as possible, then debt settlement may be best. If you are looking to buy a home in the next year or two, and your credit rating is your number one concern, then you will not want to go delinquent on your bills and may want to explore a debt consolidation loan or credit counseling.

With any debt counseling program, it is important to remember that no one size fits all; make sure to shop around and find the best program and an honest and ethical company that has a solid Better Business Bureau rating before jumping in.

About The Author: Brad Stroh is currently co-CEO of Freedom Financial Network and http://www.Bills.com. If you would like more of Brad's http://www.Bills.com/sitemap/, please visit the Bills.com information on http://www.Bills.com/creditsolutions/