Payday Loan Customers are Smarter Than Some People Think

If there is a subject that the mainstream media and some governmental bureaus love to harp on about it is the payday lending industry. All you have to do is go online, watch a news program on television or open up the newspaper to see some sort of article or story about how payday lenders are the worst kind of people in the world. We’ve all seen stories about these “predatory lenders” charging sky-high interest rates and other fees, all the while keeping their regular customers in bondage to a never-ending cycle of escalating debt.

That’s pretty heavy stuff, right? But is it true? Are payday lenders preying on the poor and pulling a fast one on people who need access to fast money? And perhaps more importantly, are payday loan customers just a bunch of poor, uneducated people who are constantly being scammed by short term lending companies?

To find answers to these questions we need to turn to the governmental bureau that has been tasked with monitoring financial misconduct – the CFPB. This bureau receives thousands of complaints from people all over the country. The question, though, is whether or not a large volume of those complaints are related to the short term lending industry. Guess what, they’re not!

Recent data posted by the Consumers Financial Protection Bureau indicates that payday lending is way down on the totem pole with regards to complaints from actual customers. This data, which analyzed the first three years’ worth of complaints to the CFPB indicates that only about one percent of the complaints received are related to payday lending companies. To put that in perspective, the vast majority, around 66 percent of complaints, were filed against mainstream banks, credit card companies, debt collection companies and other established financial organizations.

Stop to think for just a minute what the only alternative to payday loans is for many people. That alternative would be withdrawing money from a traditional checking account to the point of a negative balance. We all know this practice better as paying overdraft fees to our friendly neighborhood banks. If the APR on overdraft fees were calculated the same way that payday loan fees are the worst case scenarios would see people paying upwards of 1700 percent for overdraft protection. Compare that to the much lower calculated APR on some payday loans (around 350 percent) and it is easy to see that overdraft protection fees are far more predatory than any payday loan could ever be.

The CFPB has even done somewhat of an about face when it comes to the payday loan industry. The bureau now suggests that using overblown APR data to understand short term payday loans is not all that accurate. This is because payday loan customers actually understand what they are getting when they apply for these types of loans. The average payday loan customer evaluates these types of loans with regard to fees charged, rather than calculating the APR that they could potentially pay on a short term loan.

While no one expects the CFPB to back down from its mission to protect consumers from predatory financial practices, it is nice to know that the hard data collected by this bureau proves to vindicate the payday lending industry a bit. It may be too late for some smaller lending companies that were forced out of business due to Operation Choke Point, but the message is clear – payday lending companies are not preying on their customers, and those same customers understand the short term lending industry better than many so-called financial experts out there.

Cash Loans are the Best Way to Live an Exciting Life

You work hard for your money, and there are better things to do with that money than just pay those never-ending bills that arrive in your mailbox every month. Don’t get me wrong; you have to pay the utility bill, your car payment, mortgage or rent and all the other endless bills that flood your mailbox. But these are not the only things you need money for. You have to live your life. It would be a very boring life if all you could afford to do was pay your monthly bills. Paying your bills is a necessity and it’s one of the reasons you go to work every weekday and sometimes on the weekend, but it’s not the only reason.
You also want to spend money on the fun things in life. Doing what you really enjoy in life makes life worth living. What would life be like if you never indulged yourself with the activities you enjoyed most? It would be a very boring and stressful life. Man needs to feel the excitement of what life has to offer. The greatest joys in life are the anticipation of something exciting about to happen. It’s really that simple; you deserve to have an exciting life. One that promises you pure enjoyment in experiencing the things you really want to do. A cash advance is a great way to treat yourself to something wonderful, if you don’t have the cash in your pocket or in the bank. Using cash loans to get whatever it is that you want immediately, is a way to make life better.
If you have bad credit that does not mean you should live a dull life, no, far from it. You will just have to apply for cash loans for bad credit. These cash loans no credit check are a quick and easy way to get the money you need for anything you desire. A great way to get the money you need is cash loans online. There is nothing simpler than filling out an online application that will take you a few minutes to complete. You’ll get a quick reply, and imagine how exciting it will be to check your bank account and see the money you wanted, there in your bank account.
Making your life as simple and enjoyable as it can be is just a few minutes away with a cash loan. If today you decided to throw the most outrageous party in your life, and wanted to invite all your friends; you could do it, even if you didn’t have a single penny to your name. Just go online, filled out a quick application, wait for the money to be sent to your bank account and then call all your friends to let them know when and where the party will be. This is the beauty of a cash advance. You decide what is important for your happiness and then go for it. This is really why working a job has its benefits. You get to pay your monthly bills and live the exciting life you desire.

Save Money on Your Electric Bill This Summer

It is no secret that your electric bill can go up in the summer due to the cost of cooling your home. There are ways that you can save money on your electric bill this summer without having to sweat all summer long. Here are some tips for anyone who would like to save more on their electric bill this summer.

Do you have any ceiling fans? If your answer is no you need to get some. Many people do not realize that having ceiling fans actually helps to circulate the air and makes it so you do not have to have your air turned up so high. They really do help cool your house, which makes them a good investment.

When it is hot out you should keep your curtains and blinds closed. When the sun beams in through the windows it heats up your house making your air conditioner work even harder. Keeping the blinds and curtains closed really does make a difference in how much your air runs.

When you are not home increase the temperature in your home. You will save money when your air conditioner is not running as much and if you do not need to keep it at a certain temperature for animals and no one is home, then why cool it? You can purchase a programmable thermostat that can start cooling the house down shortly before you get home so it is not so hot when you get there. Sometimes these high tech thermostats come with rebates too.

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How often to you tend to your furnace filter? It is recommended that it be cleaned or even changed once a month. Keeping the furnace filter cleaned helps the furnace run as efficient as possible which will help you to save money on your electric bill.

If you leave a room, make sure that you turn off all the lights. What is the point of lighting a room that no one is even in? Keeping as many lights and electronics off that you do not need, as possible, will make a noticeable difference on your electric bill.

Almost everyone would like to save money on their electric bill not just this summer but every summer. These are all great tips to help you keep your electric bills down to a manageable level. Even if you do not think that it will make much of a difference on your electric bill, what is the harm in trying?

Father’s Day Geeky Gadget Gifts

Still looking for that perfect gift for dad for father’s day? Is he a geek or does he love gadgets? Here are some great gadgets that any dad would love to get this year for father’s day, but you should hurry, because father’s day is almost here.

I’m sure you have had the experience of not having your gloves work on your phone. I know it’s frustrating. I am sure you have seen the gloves that do work on your smartphone. These are not always the gloves that you want to wear in the winter. Now you can purchase a product called AnyGlove. This product has the ability to turn any pair of gloves that you have into a pair that you can use with your smartphone. You can find this through AnyGlove.

Beef and Corn on a Charcoal BBQ grill

Most dads enjoy grilling out from time to time. if your dad is anything like mine he does not like to wear an apron as it is not manly. Not wearing an apron however puts him at risk for getting grease or any number of things all over his clothes. So why not find a manly apron for him? Now you can get him the Tactical BBQ Apron from ThinkGeek.com. It is an apron that looks more like a tactical vest; it is definitely a manly man’s apron.

Is your dad a sports fan? Does he like to go places with a cooler full of beverages? Then why not get him the Remote Controlled Rolling Beverage Cooler? This is a fun gadget that dads everywhere are sure to love. How much more fun could he have with his buddies as he uses the remote control to roll the cooler around to his friends and back to him so they can all grab their favorite cold beverage? This item is available through Hammer Schlemmer.

If your dad is like mine he enjoys music that was made from a different time, a time when that music was put onto records, not CD or MP3s. If that sounds like your dad, why not get him the Crosley Classic Turntable? It is stylish and sleek and he will have lots of great times getting out his favorite old records and playing them over and over again on a gift that means a lot. If you would like to give your dad this gift it is available through Crosley.

With Polished Silver Oval Wi-Fi Hotspot and 2GB USB Combination Cufflinks there has never been a more stylish way to be a geeky dad. These are great for the dad who wears cufflinks on a regular basis, who could use their own Wi-Fi hotspot, and never knows when they may need a flash drive. They are not only stylish but they have multiple purposes too. If you would like to get these cufflinks for your dad they are available through Ravi Ratan.

Father’s day is almost here so there is not much time to wait. Find your dad the geek gift that he will love for years to come. Put some thought into it and it will show not only that you put the time and thought into it but it will also show him just how much you truly love him and all he has done for you over the years.

An Unlimited Phone Plan for Just $19 a Month?

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Smart phones are expensive. They can cost you $200 or more. When you do get one, they are often tied to a two year contract that costs you a lot of money. Even if you do buy a phone and do not get a contract and pay monthly instead, you could still end up overpaying for unlimited talk, text, and data. There is a new company emerging that is offering unlimited talk, text, and data for as little as $19 a month! Does it sound too good to be true? Before you answer that, you should know, there are some flaws to this.

This new company is called Republic Wireless. They are located in Raleigh, North Carolina. They are a private firm who initiated their services in December. While they are a new company, you can still access their phone and plans online at their website, republicwireless.com.

While they do offer plans for $19 a month, there are some draw backs to using this company. The first is that currently there is only one phone that works with this company’s technology. The phone is the Motorola Defy XT. The cost of this phone is $249, which is a typical cost of a smart phone. Part of the reason behind the cost of the phone however, is to counteract the cost of the lower rates of service. This phone is bigger than most smart phones, it has lower resolution, and less memory, but for many people it will be plenty.

Not everyone likes to pay that much upfront for a phone, and some people simply do not have the money to. For those people they are offering another option, you can buy a phone for $99, and then pay $29 a month instead of $19. Either way you choose to go you are still going to get a wonderful deal. This new pricing option started last week, so it is too soon to say if it is going to be a hit or a miss with the consumer.

Many of you may still be thinking that this is too good to be true. You can get unlimited talk, text, and data for either $19 or $29 a month, without a contract, and with a 30 day money back guarantee. There has to be a catch right? Maybe. What is going on is that this company is using a different type of technology. This technology is new but may actually be the future of cell phones.

Unfortunately the call quality is not yet great, it is still a work in progress. The sole phone that works with this technology has been called simply run of the mill. The reason that there is only one phone that works for this is because the phone has to be specially equipped. This cell phone company is a Wi-Fi-centric carrier. This means they use Wi-Fi networks to make the phone work properly. This should go without saying that if you are not near a Wi-Fi hotspot you may not have the best service and reception.

You do not have to use the Wi-Fi only. You can get on the internet, make calls, and text all on Sprint’s cellular network for no extra charge to the consumer. This is a plus for when you are not near a Wi-Fi hotspot, because we all know there are times when we just cannot get to a Wi-Fi hotspot but we still need to make a call.

There may be some downfalls to this phone, the plan, and the carrier, but the future of this company and its technology looks promising. This is a great way to save on your phone bill every month. Why pay close to $100 every month if you do not have to? You are just wasting money. Get on to republicwireless.com and learn more about their technology and their plans. This may be just what you need to help you trim your budget a bit.

Some Coupon Tips for Everyone

Some people make a big deal out of couponing. This make other who are not so proficient at it feel somewhat intimidated. There is no need to feel like that. Here are some tips for everyone for couponing.

When you go grocery shopping you should have a checkout plan. This will help the cashier get you checked out faster. This makes their job easier. Not only that it will make those in line behind you happier as well, because they will not have to wait as long for you to finish your transaction. You should like that it is faster too as you will not have to spend as much time in the checkout line.

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No matter what happens you always need to stay calm. You also need to make sure that you are courteous. Getting upset and being rude to the employee is going to get you nowhere. If you are calm and kind they are going to be much more likely to help you out with whatever you need.

You should always have a copy of the coupon policy for the store that you are shopping at. That way when you are in line if the cashier tries to tell you that you cannot do something when you know the store allows it, you can calmly dispute. Having the coupon policy on you will allow you to show the cashier why you believe you can do what you were trying to do and they will have no choice really but to go along with store policy.

You should always have a backup plan in the even that you do have an argument with the cashier and/or store manager about what you are and are not allowed to do as far as coupons go. This way the whole shopping trip will not be wasted. No one wants to waste their time, having a backup plan will help you avoid that. There are times when the management will simply not budge on something no matter what.

Using coupons does not have to be a complex activity. Take some time when dealing with your coupons though so that you know you have everything correct. Stay calm and collected and always remember the manners you were taught as a child. Make the experience as pleasant as possible for you and the cashier. Using coupons saves you money so you want to get into the habit of doing all these things every time you want to go to the grocery store.

Financial Education is Necessary for the Health of Our Nation’s Economy

Financial education is completely necessary if we want to insure the health of our nation’s economy. Why? Think about it, no one knows how to manage their money, what do you think will happen?

Financial education can help prevent a complete economic crash. People would end up with bills that they cannot pay, and then they may lose their home. They may not have enough money left to put food on the table for them and their family. Having a nation who does not know how to handle their money can end up being financially devastating for this country.img_17511

Financial education must start at an early age. If you want to ensure that your child has the financial knowledge they will need when they are out on their own when they are older, you must start teaching them now. If you are old enough to learn about finances on your own, do it! For those who have kids, the earlier you start the better off they will be in the end.

Financial education should be started in the home, but it really should be continued in the classroom. If we want teachers to handle teaching our children about finances, then we need to make sure that the teachers are properly trained to teach it. Teachers could take classes during the summer so that they are qualified to teach financial education to your children.

When it comes to finance, one size does not fit all. There may be times when your situation is similar to someone else’s or the decision that needs to be made is the same. This does not mean that you should base your decisions on other peoples’ decisions though. Take the time to find out what is going to be best for you and your situation. Do not just jump right in, make sure you have all the information and education that you need first.

No matter how you look at it we as a nation need financial education. This is not a subject that gets pushed much in school. That should change, while financial education needs to start in the home with the parents teaching a child about money, it should be continued into the classroom as well. This is the best way to give our children the best chance possible for not only our financial futures, but for the next generation’s as well.

You May Have to Wait Longer to Receive Your Tax Refund This Year

Unless you have been living under a rock, there is a good chance that you are well aware of the fiscal cliff situation that has been going on. There may be more side effect from this than we originally thought. It seems that our tax returns may take a little longer getting to us because of the fiscal cliff situation that had been going on.

This year the IRS plans to start processing individual tax returns on January 30th. This is eight days later than they normally start. Many expect that the later start will cause a back up in individual tax returns; therefore everyone may have to wait longer for their return no matter when you file.

So why are they starting late? The IRS acting commissioner Steven T. Miller put out a press release saying “We have worked hard to open tax season as soon as possible.” He went on to say “This date ensures we have the time we need to update and test our processing systems.”

The fiscal cliff is what has made this all so difficult. If congress would have reached a deal much sooner, then we would all already know what is going on with taxes. Instead they took their time and let us fall off the fiscal cliff for a few days and giving the IRS more work to do.

It seems that despite starting tax season eight days later the IRS has no plan to extend the end date. You will still only have until April 15th to get your taxes filed. This leaves people with less time to get it taken care of, which may make tax preparation companies very busy. If they get too busy it may be difficult to get an appointment to get your taxes done. Only time will tell how busy they will get.

With eight less days to file taxes, will the IRS become bombarded with individual tax returns? If they do will it cause problems and errors? If it does cause problems who is going to deal with it? These are all questions that we do not currently have answers to. Some speculate, but no one really knows for sure.

This year when filing your taxes make sure to have patients. The IRS could get backed up and it will take more time to get your return this year, so do not worry that it is not coming. Do make sure to get your taxes done in a timely manner though, no matter when you file you will have a wait. If you are in need of that money quickly you may want to try to file early.