bad credit – KM Jazz http://kmjazz.com/ Fri, 11 Mar 2022 09:30:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://kmjazz.com/wp-content/uploads/2021/10/icon-53-120x120.png bad credit – KM Jazz http://kmjazz.com/ 32 32 MoneyMutual Review – Reliable Loan Company Worth Using Or Not? https://kmjazz.com/moneymutual-review-reliable-loan-company-worth-using-or-not/ Fri, 11 Mar 2022 09:30:00 +0000 https://kmjazz.com/moneymutual-review-reliable-loan-company-worth-using-or-not/ Sometimes you may need a decent amount of money, and you may not have it on you, so what do you do if you are stuck in a situation like this? MoneyMutual is an online lending company that offers payday loans. MoneyMutual lets you borrow loans from $200 to $5,000; the best part is that […]]]>

Sometimes you may need a decent amount of money, and you may not have it on you, so what do you do if you are stuck in a situation like this?

MoneyMutual is an online lending company that offers payday loans. MoneyMutual lets you borrow loans from $200 to $5,000; the best part is that they approve the loans in less than 24 hours. All you have to do is fill in the form provided to you, and you will see a list of lenders from whom you can borrow the required amount.

But the main question running through your head is, “Is MoneyMutual a legit company?” and we’re here to answer that question so you can reassure yourself.

MoneyMutual – What is it?

MoneyMutual is an online payday loan provider from which you can borrow money ranging from $200 to $5000. They are also known for their fast service. For example, if you apply for a payday loan today, your loan will be approved and deposited into your account within 24 hours.

To see lenders who can offer you the amount you need, you must first complete a form at MoneyMutual official website. Once you complete the form, you will see lenders in your area that you can borrow money from.

When it comes to trust and transparency, MoneyMutual is one of the most trusted payday loan providers. One of the main reasons for their success is that they maintain transparency between the parties involved.

Over time, MoneyMutual has served over 2,000,000 customers; moreover, they are used to helping customers in any way they can. This payday loan website has come a long way in the last ten years. Several TV stars like Montel Williams are spokespersons for MoneyMutual and have been talking about their competence for a long time.

MoneyMutual – How does this payday loan website work?

Getting loans has never been easier, especially if you need a payday loan. MoneyMutual has made it super simple and easy to get payday loans, even if you have bad credit.

But like any lending company, certain eligibility factors come into play. Mentioned below are some necessary things if you want to get a payday loan:

  • You must be a permanent resident or US citizen
  • You must be 18 or older
  • You must have a current account
  • You must have a reliable source of income (this is important)
  • If you check all these points, you should have no problem getting a loan.

Once you have prepared the prerequisites, go to their website “MoneyMutual.com”, fill in the required information, and that’s it. After that, you will see a list of payday lenders in your area from whom you can borrow the required amount.

MoneyMutual has partnership links with more than 90 companies to make things more convenient.

Once you have chosen the lender you wish to borrow money from, be sure to visit the lender’s website and complete all remaining forms, and only after that will the funds be transferred. on your account.

Simply put, here are the steps you need to take to get a loan successfully:

  • Go to “MoneyMutual.com”, then fill in the required information and submit the form
  • These forms will be sent to several lenders for review
  • After reviewing your application, lenders will provide you with the best loan offer from their side
  • Now you can browse different loan offers from different lenders and choose the best option for you.
  • The minimum amount you can lend is $200 and the maximum is $5,000.

MoneyMutual – Do I have to pay to use this site?

The answer is no; MoneyMutual won’t charge you a penny for using their site. You can fill in the information free of charge.

But after choosing a lender through this site, the lender will charge you a certain percentage or amount for lending money. So always make sure to read the terms and conditions before taking out a loan.

Moreover, it takes practically no time. You only need 5 minutes to complete the form. On the other hand, if you have used MoneyMutual before, it will take you less than 5 minutes, and once you choose the lender, the loan money is deposited in your account within 24 hours.

MoneyMutual – How do lenders lend money?

As mentioned earlier, MoneyMutual partners with over 90 lenders. This is to ensure that everyone’s needs and requirements are met. Lenders carefully review your information and then make offers to give you the best possible suggestions.

Here is how the verification of information takes place:

  • Once you fill out a form and submit it, they are reviewed by lenders through the website.
  • Each lender has specific requirements that they review, which helps them make better decisions.
  • If the lender is ready to lend you the required amount, you will be redirected to their website. You should review the loan and the fees before accepting a loan.
  • Lenders usually call you to verify financial and personal details before finalizing the loan.

All lender associated with MoneyMutual is law abiding. By law, lenders must inform their customers of all fees involved in advance. Lenders aren’t supposed to keep any hidden fees and can’t charge big annual interest.

Before taking out a loan, wherever you are, you should always read the terms and conditions of the loan.

MoneyMutual – Is it so simple or is there a catch?

This website makes getting payday loans simple and easy, surprisingly. Moreover, there is no “trap”.

MoneyMutual is transparent about everything they do and connects lenders with people looking for a loan at no cost. But at the same time, before getting a loan, be sure to read the terms and conditions set by the lender.

MoneyMutual – Customer reviews and reviews

In an industry where scams are quite common, MoneyMutual is the one that stands out as one of the most trusted payday loan companies. There’s a reason this company has lasted so long and has TV stars as spokespersons; the main reason is that they are reliable.

According to reviews and comments left by customers, MoneyMutual has never disappointed anyone and has always provided short term loans to people when they needed it.

Most people, in general, prefer using MoneyMutual to take out short-term loans because MoneyMutual maintains transparency between lenders and borrowers. On top of that, according to a few other reviews, even MoneyMutual’s customer service is quite outstanding.

Also, all of the negative feedback left was related to unsuccessful interaction with the third-party lender or because the lenders may have tried to charge a high interest rate. None of the negative reviews go to MoneyMutual.

MoneyMutual – Requirements

Here are the eligibility conditions to meet if you wish to take out a loan:

  • It would help if you were a resident of the United States or a permanent citizen
  • You must have a reliable source of income of at least $800 per month
  • You must be 18 years or older
  • You must have a current account

Learn more about MoneyMutual

As you may have already understood, MoneyMutual is not a lender, but it connects you with several lenders for payday loans. MoneyMutual is based in Las Vegas, Nevada.

here are the MoneyMutual contact details :

  • Phone number – 844-276-2063
  • Email address – customerservice@moneymutual.com

Conclusion

According to statistics, nearly 40% of US citizens have problems getting money when needed, and these statistics are taken from the US Household Economic Wellbeing Report.

This can be quite problematic in the long run for many people, which is why MoneyMutual connects people to the best personal loan offers from various lenders, even if you have a bad credit score. You can take out a loan ranging from $200 to $5,000, and it only takes 24 hours to be deposited into your checking account.

If you want to apply or find out more about MoneyMutual, don’t wait. Just go to “MoneyMutual.comyou will find all the answers you need.

RELATED:7 Best Credit Repair Companies and Services to Use in 2022

Affiliate Disclosure:

The links contained in this product review may result in a small commission if you choose to purchase the recommended product at no additional cost to you. This serves to support our research and writing team. Know that we only recommend high quality products.

Warning:

Please understand that any advice or guidance revealed here does not even remotely replace sound medical or financial advice from a licensed healthcare provider or certified financial advisor. Be sure to consult a professional doctor or financial advisor before making any purchasing decisions if you are using any medications or have any concerns from the review details shared above. Individual results may vary as statements regarding these products have not been evaluated by the Food and Drug Administration or Health Canada. The effectiveness of these products has not been confirmed by the FDA or Health Canada approved research. These products are not intended to diagnose, treat, cure, or prevent any disease or to provide any type of enrichment program.

The news and editorial team at Sound Publishing, Inc. played no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

Sound Publishing, Inc. accepts no responsibility for any loss or damage caused by the use of any product, and we do not endorse any product displayed on our Marketplace.

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MoneyMutual Review: Is Money Mutual Legit or Bad Credit Loan Scam? https://kmjazz.com/moneymutual-review-is-money-mutual-legit-or-bad-credit-loan-scam/ Fri, 04 Mar 2022 09:30:00 +0000 https://kmjazz.com/moneymutual-review-is-money-mutual-legit-or-bad-credit-loan-scam/ MoneyMutual is a payday loan company that lets you borrow from $200 to $5,000 in as little as 24 hours. By filling out a simple form on MoneyMutualyou can instantly connect to 91 lenders to find the best deal in your area. Is MoneyMutual legit? How does Money Mutual work? Keep reading to find out […]]]>

MoneyMutual is a payday loan company that lets you borrow from $200 to $5,000 in as little as 24 hours.

By filling out a simple form on MoneyMutualyou can instantly connect to 91 lenders to find the best deal in your area.

Is MoneyMutual legit? How does Money Mutual work? Keep reading to find out everything you need to know about this payday loan website.

What is MoneyMutual?

MoneyMutual, available online at MoneyMutual.com, is a payday loan website that lets you get anywhere from $200 to $5,000 deposited into your account within 24 hours.

Simply complete the form on MoneyMutual.com to get started and you can instantly see offers from lenders serving your area.

MoneyMutual is one of the most trusted payday loan websites available online today. With over 2,000,000 customers to date, MoneyMutual has a proven track record of providing customers with the payday loans they need. You can see MoneyMutual commercials on TV, and TV’s Montel Williams was a spokesperson for MoneyMutual for almost a decade.

How does MoneyMutual work?

MoneyMutual makes it easy to get a short term loan in 24 hours or less and is easily one of the best bad credit loan providers of 2022.

As long as you’re 18, have at least $800 a month of verifiable income, and have a checking account, you should be able to find a payday loan through MoneyMutual.

Simply enter your information into MoneyMutual.com, then view payday lender offers. MoneyMutual partners with over 90 companies to ensure customers can get the payday loans they need when they need them.

After choosing the offer via MoneyMutual’s online comparison screenyou visit the lender’s website, fill in additional information and get the money you need as soon as possible.

Here’s how it works:

  • Step 1) Provide your information: Fill out the form on MoneyMutual.com and MoneyMutual sends your information to the lenders.
  • Step 2) Lender Review: Lenders verify your information instantly to determine the right person. Then they show you their best offer on the next page.
  • Step 3) Get your money: Browse a list of loan offers and get funds deposited into your bank account in as little as 24 hours.

You can use MoneyMutual for loans ranging from $200 to $5,000.

How much does Money Mutual cost?

MoneyMutual is available for free. You fill out the form and submit your information for free via the online marketplace.

However, once you choose a lender through MoneyMutual, that lender charges a fee in exchange for lending money. Read the terms carefully to make sure you understand how much it costs to borrow.

How long does it take to use MoneyMutual?

It takes about five minutes to complete the MoneyMutual online form. If you have used MoneyMutual before and are a loyal customer, it takes even less time.

Once you fill in the online form and select an offer, you can get the money in your account in just 24 hours.

How do MoneyMutual lenders work?

MoneyMutual works with over 90 lenders to find the best deal for your unique needs. Each lender considers your personal information and financial data provided by you to ensure an optimal match.

Here’s how lenders look at your information, according to MoneyMutual:

  • Lenders automatically review your information after you submit an application through the website
  • Each lender follows the previously established requirements to make a decision
  • If a lender decides that they want to lend you money, you will be redirected to their website, where you can review the terms of the loan and accept the loan.
  • Lenders may also contact you to verify your personal information, confirm your bank account number and finalize the loan.

That’s it. Like other payday lenders, payday lenders with MoneyMutual are legally required to disclose all fees up front. The law also prevents them from charging excessive annual interest rates. Check all fees and charges in advance to avoid any surprises.

What’s the catch?

There is no “trap” in using MoneyMutual. The website genuinely connects you with payday lenders and short-term lenders in your area who can lend you money as quickly as possible.

Be sure to read the terms and conditions on your lender’s website to make sure you understand the terms of the contract. Although MoneyMutual is a free service, each lender has its own terms and conditions.

MoneyMutual Reviews: What Customers Are Saying

The payday loan industry is filled with shady companies. However, MoneyMutual is one of the best known and oldest companies in the industry. With celebrity endorsements from Montel Williams and over a decade of experience, MoneyMutual has helped over 2 million people access the money they need.

Here are some of the MoneyMutual reviews from verified customers online:

Most customers agree that MoneyMutual works as advertised to provide them with sources of short-term funding, bringing borrowers and lenders together in a transparent marketplace.

Customers love MoneyMutual because of the transparent rates and lending system, which makes it easy to see the best deal from each lender

Many use MoneyMutual after seeing the advertisements on television, finding that MoneyMutual lives up to its claims of providing efficient loans to people in need.

Some customers even praise MoneyMutual’s customer service, which is not the strong point of most payday loan companies.

Negative reviews tend to leave bad reviews because of bad interactions with the third-party lender, not because of bad interactions with MoneyMutual; some lenders have high interest rates and fees, for example, which may surprise customers who don’t read the terms and conditions

MoneyMutual Requirements

To borrow money through MoneyMutualyou must meet the following conditions:

  • Be at least 18 years old
  • Have at least $800 per month of verifiable income
  • Have a checking account

Some lenders require additional items from borrowers, such as an SSN. Others, however, require no additional information or data.

About MoneyMutual

MoneyMutual is a free online resource based in Las Vegas, Nevada. The company is not a lender: it partners with lenders to help people find payday loans for their short-term financial needs.

Between 2010 and 2018, Montel Williams was the spokesperson for MoneyMutual.

You can contact MoneyMutual via:

  • E-mail: customerservice@moneymutual.com
  • Call: 844-276-2063

Last word

40% of Americans would not be able to come up with $400 in an emergency, according to the Economic Well-Being of US Households report.

To get a fast, easy and affordable payday loan from a trusted lender, visit MoneyMutual.com today. The website connects you with dozens of lenders in your area to ensure you get the best deal, and you can get $200 to $5,000 deposited into your account in as little as 24 hours.

To learn more about MoneyMutual or to apply online today, visit the official website at MoneyMutual.com.

Affiliate Disclosure:

Links in this product review may result in a small commission if you choose to purchase the recommended product at no additional cost to you. This serves to support our research and writing team. Know that we only recommend high quality products.

Warning:

Please understand that any advice or guidance revealed here does not even remotely replace sound medical or financial advice from a licensed healthcare provider or certified financial advisor. Be sure to consult a professional doctor or financial advisor before making any purchasing decisions if you are using any medications or have any concerns from the review details shared above. Individual results may vary as statements regarding these products have not been evaluated by the Food and Drug Administration or Health Canada. The effectiveness of these products has not been confirmed by the FDA or Health Canada approved research. These products are not intended to diagnose, treat, cure, or prevent any disease or to provide any type of enrichment program.

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The news and editorial team at Sound Publishing, Inc. played no role in the preparation of this post. The views and opinions expressed in this sponsored post are those of the advertiser and do not reflect those of Sound Publishing, Inc.

Sound Publishing, Inc. accepts no responsibility for any loss or damage caused by the use of any product, and we do not endorse any product displayed on our Marketplace.

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Can you get a payday loan with a credit score of 550? https://kmjazz.com/can-you-get-a-payday-loan-with-a-credit-score-of-550/ Fri, 18 Feb 2022 14:25:14 +0000 https://kmjazz.com/can-you-get-a-payday-loan-with-a-credit-score-of-550/ If your credit score is 550, you can only qualify for a personal loan. However, it is almost impossible to obtain large loans with low credit scores. This means you need to look for alternative financial solutions or improve your credit score. In this article, I will explain various things you need to know about […]]]>

If your credit score is 550, you can only qualify for a personal loan. However, it is almost impossible to obtain large loans with low credit scores. This means you need to look for alternative financial solutions or improve your credit score.

In this article, I will explain various things you need to know about getting a loan with a 550 credit score. Let’s cut to the chase.

What does a credit score of 550 mean?

Generally, anything below 576 is considered bad credit. So a score of 550 does you a disservice. On the contrary, chances are you won’t get good loans with reasonable interest rates and fees.

Bad credit scores can be caused by many factors such as past loan defaults, delinquent accounts, or bankruptcy. All of this gradually leads to a bad credit history, which leads most lenders to stop you from getting a loan. If they offer you the loan, they will charge you huge fees and massive interest rates over a short period of time.

However, all is not lost as you can still get financial aid. As for unsecured and secured loansthe lender can only offer you a loan if they’re sure you’ll pay back every penny, and that’s extremely unlikely if you have a credit score of 550.

How can I get a payday loan with a credit score of 550?

The fact that most lenders prefer a credit score of 600 and above makes it instantly difficult for you to get a loan with a credit score as low as 550. However, there is hope for you because there is lending platforms such as Gday loans with lenders who will grant you a loan regardless of your credit score.

  • Online lenders: A few online lenders don’t do massive credit checks, and you can apply to see if they’ll offer you the loan.
  • Credit unions: Unlike traditional banks, credit unions are different because they are flexible when dealing with borrowers with bad credit. Depending on where you live, you can take the challenge and be a credit union member and hopefully get the financial help you need.
  • Community banks: Like credit unions, community banks require you to be a member or regular user to get a loan agreement. In this case, you’ll need to find out about their loan options, and if you find a community bank employee you know, they might be able to help you get the best deal.
  • Payday Loans: Payday lenders don’t need your credit history to offer you a loan. For example, Gday Loans offers guaranteed approval loans for bad credit applications. However, these loans attract good fees and high interest rates.
  • High Interest Installment Loans: Some lenders offer lines of credit and installments. However, they charge huge interest rates and fees that prevent you from paying on time.
  • Securities lending: Title loans are a great way to get loans because you get an amount based on the value of your car. Once you pay, you get your vehicle. The best part is that you can still drive your vehicle even after getting the loan. The only problem comes when you don’t repay the loan and the lender confiscates your vehicle.

How to Improve Your Credit Score 550

Raising your credit score from 550 takes stamina, composure, and action. It also takes perseverance, as you will have to wait for some time before your credit score increases.

Let’s look at what you can do to improve your credit score from 550:

  • Pay your bills on time: Paying off your bills on time is by far the best thing you can do to improve your credit score. Note that once a bill is due in 30 days and you don’t repay, most creditors will report you to the credit bureaus for late payment. That’s why it’s essential to always pay all your credit bills on time. Once it’s placed in your credit history, make sure it stays there for the next seven years.
  • Lower revolving account balances: If you use a revolving line of credit or a credit card, paying off all of your balances will reduce your credit usage and ultimately improve your credit score. The best part is that it’s fast and accurate so you don’t have to wait long to see significant improvement.
  • Open new accounts only if necessary: If you have a limited number of credit cards, taking advantage of a loan or secured credit card will be essential to boost your credit score. You will just need to settle the repayments on time on your new account so that a positive report is integrated into your credit score. However, do not take out any credit card loans if you doubt your ability to repay on time.

Credit cards are also crucial in saving you insurance money, in addition to securing loans. Skipping bail and renting a house becomes easy because it proves that you are credible and can be trusted to pay your rent on time.

Conclusion

Nevertheless, when you cannot get loans, you will need to improve your credit score. Few things hurt as much as being denied a loan while you’re in a financial crisis simply because you cannot meet the required credit score. Luckily, this article has shown you that you can get some loans even with a low credit score.

But if improving your credit score takes longer and you urgently need money, try it. Gday Loanswhich will connect you to best bad credit lenders in australia.

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How does an installment loan process work at Heart Paydays? https://kmjazz.com/how-does-an-installment-loan-process-work-at-heart-paydays/ Thu, 17 Feb 2022 18:38:35 +0000 https://kmjazz.com/how-does-an-installment-loan-process-work-at-heart-paydays/ An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the terms of the loan. Examples of […]]]>


An installment loan allows the borrower to withdraw a certain amount of money over time. The loan is then repaid in installments. Typically, installment loans come with fixed payment amounts – they don’t vary throughout the loan. However, loan interest rates may vary depending on the lender and the terms of the loan.

Examples of Tribal Installment Loans

Tribal installment loans for bad credit

Bad credit loans are great short-term cash solutions for people facing emergency expenses, but who have a very bad credit history. Lending platforms that offer these services are often not concerned with the borrower’s credit history. Instead, they only focus on whether or not they can repay their loans on time.

Tribal installment loans for bad credit

Credit score plays an important role in determining whether one is qualified for a loan. Borrowers with good credit ratings are often eligible for more loans than those with poor credit ratings, i.e. riskier applicants.

Alternatively, if you have a bad credit score, you can turn to Heart Paydays for a quick tribal installment loan for bad credit. The loan broker will connect you with a perfect loan company to solve your financial emergency needs here.

Tribal installment loans with a co-signer

A co-signer is someone who signs a loan agreement with another person. The co-signer agrees to take on the legal obligation to repay the loan if the applicant does not repay the loan on time. Additionally, the co-signer can help the applicant obtain loans on reasonable terms to reduce the lender’s risk.

Tribal Installment Loans No Teletrack

Teletrack was incorporated into the lending industry in 1989, making it a relative newcomer to the world of business-to-business financial systems. Its main function is to follow the personal credit files of creditors in search of quick information on potential customers.

Teletrack is a modern approach used to check borrower’s credit history. It gives lenders details of all credit records, such as credit card applications or mortgages that an applicant has ever incurred.

A no-teletrack tribal loan, on the other hand, ensures your credit privacy while improving your chances of qualifying for a tribal loan.

Eligibility for Tribal Installment Loans

There are many requirements to be eligible for instant payday loans. Although these requirements are designed to be used as a guide only, they may vary from one payday lender to another. Therefore, borrowers should review each lender’s policies when applying for a payday loan. While some creditors may assess your source of income, most are only concerned with the reliability of your income.

Clients must meet the following requirements to apply with online brokers such as Heartpaydays:

  • Must be at least 18 years old
  • Have an active email
  • Must have a current bank account

Tribal Installment Loan Costs

  • APR: Depending on your state’s lending legislatures and the amount you want to borrow, the APR can vary between 10% and 30% of your loan principal. Typically, they charge $15 per $100.

This equates to an annual percentage rate of almost 400% for a two-week loan. Tribal installment loans are often applied as alternatives to payday loans, where APRs range from 200% to 400%. Heart Paydays Loans offer installment loans with APRs between 5.99% and 35.99%.

  • Late fee: Creditors charge different penalty rates on late repayments depending on state lending laws.

If you are considering applying for a tribal installment loanknow that you will face challenges, especially if you cannot repay the loan immediately. If you find yourself in such a state, you can try various loan options such as loan refinancing or loan discharge in bankruptcy.

Although no law protects defaulting borrowers from prosecution, it is unusual to see borrowers unable to repay their loans end up in jail. Most of the jail sentences are due to these borrowers refusing to appear before the judges or failing to comply with court directives and not due to non-repayment of the loan.

How to apply for an installment loan at Heart Paydays

Step 1: Decide how much you need

Whatever loan you are looking for, estimating the amount you need is perhaps the key concern when deciding on a loan. Applicants are qualified to apply for loans of up to $5,000 from Heart Paydays. Installment loans vary depending on the direct lenders you are matched with from their database.

Step 2: Complete the application

Applicants enjoy a smooth application process when applying for loans online. As an applicant, you need to complete a brief online form and select the loan provider that offers you the best terms. This will instantly initiate the approval process by your potential lender.

Step 3: Wait for feedback

After completing the application, the lender will send you a response confirming whether your application has been accepted or not. This process typically takes less than ten minutes for Heart Paydays loan applicants.

Step 4: Receive your loan

If the direct lenders confirm that you qualify for their loan, they will deposit the money into your bank account. However, if your application is rejected, you will be referred to other lenders who can help you.

Get your installment loan today

The main challenge of opting for a tribal installment loan is that you will have to approach the lenders separately. Another big concern is that direct lenders have the privilege of setting loan terms and application procedures.

Fortunately, your fees can be significantly reduced with loan brokerage sites such as Heart Paydays. Also, they will save you the lengthy application process of direct lenders.

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Easily find emergency loans in the Philippines https://kmjazz.com/easily-find-emergency-loans-in-the-philippines/ Mon, 14 Feb 2022 13:09:47 +0000 https://kmjazz.com/easily-find-emergency-loans-in-the-philippines/ Most Filipinos sometimes do not have enough savings in their bank account for emergencies. We are getting familiar with “utang” or budget cut loan, however, normal personal loans from private lenders or bank sometimes take a long time to be approved, it can take hours, days , and in case of bad luck, it can […]]]>

Most Filipinos sometimes do not have enough savings in their bank account for emergencies. We are getting familiar with “utang” or budget cut loan, however, normal personal loans from private lenders or bank sometimes take a long time to be approved, it can take hours, days , and in case of bad luck, it can take months. So, what is the best option if ever one needed money in an urgent emergency? What if you have to rebuild and repair your home or car due to flooding or disaster? Next, familiarize yourself with the power of an emergency loan.

What is an emergency loan?

A emergency loan (also known as cash advance) is a short-term unsecured personal loan that you can borrow instantly for urgent expenses. In the Philippines, individuals can primarily apply for emergency financing from private lenders, government agencies, and employers.

Unlike a normal personal mortgage, emergency loans often have shorter-term payment options and higher interest rates and fees. This is because the bank or other lending services know that you may not have many options other than accepting the deal.

SSS emergency loan

One of the most well-known emergency loans in the Philippines is offered by the SSS or the Social Security System and it is called the SSS Calamity Assistance Program (CLAP). The SSS Disaster Assistance Program is for any Filipino member affected by a calamity and in need of financial assistance.

Due to the continuous rise in the number of Covid-19 cases, the government declared a state of calamity in the Philippines and was under strict quarantine. This led to the temporary closure of businesses and many people lost their jobs. Almost every family faces financial difficulties in every household. Fortunately, the social security system offers calamity assistance to Filipino members affected by the pandemic to help them get back on their feet as the pandemic affects their lives tremendously.

SSS Calamity Loan

The SSS Calamity Assistance Program (CLAP) offers a credit amount of up to PHP 20,000 based on your average monthly salary credit and has an average interest rate of 6% (previously 10%). As with any mortgage, you will need to pay payday every month. SSS Calamity support offers a payment term of 27 months. However, you won’t start paying until four months after you receive the approval date.

Filipino members can now request SSS emergency assistance online through SSS websites or using their MySSS account through the SSS mobile app.

How to get an emergency loan

There are many ways to get an emergency loan from a bank, pawnshop, private loan agency, and you can even get it from a friend. If you know you don’t have enough savings in your bank account or if you know it wouldn’t be enough in an emergency, it’s never a waste of time to be prepared.

Always check your credit score. Your qualifications to obtain a emergency loan depend on your credit score, especially if you are considering getting an advance from the banks. In addition, having a good credit score could get you a better interest rate and better payment terms, in short, a good deal!

Look for better alternatives. We understand that taking out an emergency loan means you need the money right away. Nevertheless, we strongly recommend that you research different options that could help you save money. Always plan and check the sites of the various online lending companies, pawnbrokers, banks and online government to ensure that you will get the best deal around.

Emergency loan with bad credit

Being hit with an unexpected need for cash can be overwhelming, especially when you don’t have enough savings in your bank account. Whenever this incident happens, we often think about getting emergency help. But what if we have bad credit on our credit reports? Well, you don’t have to worry. You can still qualify for a loan, but with limited options. The options available often offer higher interest rates with at least 30% or even more depending on how low your credit score is.

In addition to borrowing from a bank, you can also borrow from pawnbrokers, private loan agencies, government programs, and even from your family members. Always have emergency loan services, especially for borrowers with bad credit. You will never know when or where you will need cash or an emergency medical loan.

emergency loan request letter

Some conventional bank lenders or loan companies require a emergency loan request letter before the company approves your request. The letter should include the applicant’s name, address, and other personal information, the amount, and the reason for the emergency advance. Be sure to include your credentials in the letter or how you plan to pay off your debt and why you should be funded. This way, the bank will have more reason to quickly accept your request. There are tons of guides on the internet on how to write a proper letter request that might help you.

Remember to include the rest of the requirements with your letter to get your application approved.

Online emergency loan

Due to the pandemic, going to check out and asking for an advance is sometimes not an option. Luckily for us, we can now canvass different companies and agencies that offer emergency cash advances using our phone, laptop or computer online using UpFinance!

UpFinance has made financing and borrowing in the Philippines more convenient and faster. Visit the official website of UpFinance and choose the type of loan you are looking for, you will immediately see the best companies that offer the financing you need.

They have a large number of trusted partners to keep their customers safe. Some of their partners include well-known banks, cooperatives, investment companies and pawn shops, such as BDO, BPI, RCBC, Home Credit, Ayala Coop, Palawan and many more!

Author Jejomar Baccay of Upfinance

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How to protect your financial information https://kmjazz.com/how-to-protect-your-financial-information/ Thu, 03 Feb 2022 08:58:41 +0000 https://kmjazz.com/how-to-protect-your-financial-information/ Data breaches hit an all-time high last year, which means the risk of having your personal information stolen is also increasing. According to IBM’s annual global study, the average data breach costs businesses $4.24 million. This is the highest in the 17-year history of IBM’s report. This research and similar studies always frame these breaches […]]]>


Data breaches hit an all-time high last year, which means the risk of having your personal information stolen is also increasing.

According to IBM’s annual global study, the average data breach costs businesses $4.24 million. This is the highest in the 17-year history of IBM’s report.

This research and similar studies always frame these breaches from the perspective of the hacked company. But what if you are one of the customers whose data is exposed in a breach?

Although there are safeguards in place to protect you from the financial consequences of fraud, it can take months (or even years) to clear it from your records. And until that happens, you might have bad credit that interferes with how easily you can qualify for online loans and lines of credit.

A bad credit score can even get in the way of a job, a new apartment, or car insurance. Like online direct lenders, an employer, landlord, or insurance company can check your credit to make decisions about your character.

With so much at stake, an ounce of prevention is better than cure when it comes to fraud. You’ll want to follow these tips to keep your financial information private, whether you’re banking, borrowing money, or shopping online.

Do not share your information often

Your personal information is confidential. Only legitimate retailers, online direct lenders, schools, and government entities should see this data. And they should only access this information in specific circumstances.

When it comes to borrowing money online, you will have to share your personal details in an online application form. However, you do not need to send financial details to a lender before this step. Only send this information after verifying that the lender in question has a robust security policy.

You can securely compare a personal loan or line of credit without ever having to reveal your personal information. In fact, you should go through these details in incognito mode.

Do not repeat passwords

Reusing the same email and password combination for all your financial accounts makes you even more vulnerable to fraud. If a data breach affects one account, it exposes your login credentials for all of your financial accounts.

By creating a unique password for each account, you will isolate your exposure to that single account. This can make it easier to recover from identity theft.

Better yet, create a unique passphrase for each account. A passphrase can be an unrelated phrase or set of words containing special characters. This sequence of words is statistically harder to break than traditional passwords.

Take a close look at your statements

Every year, you have three chances to check your credit report for free. See this link to learn how.

When you do, read your credit report carefully, line by line. You will want to keep an eye out for any inaccuracies or errors. Even a small misspelling in your name could cause problems down the line.

Check each credit account in your name to make sure its payment history and balance owing match your records. You will also need to look for payday cash advances that you do not recognize in your file.

Some payday advance lenders will approve loans without a credit check. This makes them easy to get as a scammer impersonating you, so they will try these fast loans first.

If you see anything that looks suspicious in your file, contact the credit bureau that generates the report. You can also visit IdentityTheft.gov to learn more about your next steps.

Takeaway meals

Fraudsters target the biggest financial institutions because of all the information they have about their customers. While large companies have a legal obligation to protect the data they collect from you, sometimes their protocols aren’t enough. A talented hacker can bypass their defenses.

That’s why you should do everything possible to protect your information whenever you share it. Subtle changes to how you browse online, manage passphrases, and review your accounts can reduce the effects of a data breach on your finances.

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The main reasons why you can benefit from debt consolidation https://kmjazz.com/the-main-reasons-why-you-can-benefit-from-debt-consolidation/ Wed, 02 Feb 2022 14:32:59 +0000 https://kmjazz.com/the-main-reasons-why-you-can-benefit-from-debt-consolidation/ The consumer world we live in today leads some people to deal with bad credit. If you belong to this category of people, you probably need a bad debt consolidation loan. A bad credit consolidation loan can offer you a financial loan to combine all your credit cards with payday loans and high cost or […]]]>

The consumer world we live in today leads some people to deal with bad credit. If you belong to this category of people, you probably need a bad debt consolidation loan. A bad credit consolidation loan can offer you a financial loan to combine all your credit cards with payday loans and high cost or high interest loans.

In short, debt consolidation loans for bad credit can help you consolidate all your loans into one, saving you time while reducing your fees and interest. In other words, this type of loan is completely stress-free. There are, of course, other benefits of debt consolidation, which will be our topic today, and which we will explore in more detail below. Let’s go.

Top Debt Consolidation Benefits Worth Trying

As mentioned above, debt consolidation is stress-free and time-saving, but there are other benefits to consider, such as:

1. Improve your credit score

When you pay off all of your debts with a debt consolidation loan, they will all be listed as “paid” on your credit card report, which can dramatically improve your credit score in the long run. A bad credit debt consolidation loan gives you the ability to control your high-cost finances by combining your loans into one simple example. Here’s how you can improve your credit score with such a loan:

  • Less fees, less interest, less late fees;
  • Negotiation with creditors to reduce repayments;
  • Refinancing;
  • Reduce interest rates by consolidating all debts into one loan.

2. Control your debt

Once you get overwhelmed with debts, you can start missing your monthly payments, resulting in a bad credit score. If your debt gets out of hand, you’ll just need more and more money to pay it off, but with such a bad credit score, you won’t be able to easily access personal finance from your traditional bank. This is precisely where a bad debt consolidation loan comes in, giving you a chance to regain full control of your finances.

3. Lower interest rates

If you find yourself in a situation where you have to pay several debts at once, chances are that at least some of them are from your credit card. Credit cards always have a higher interest rate than other available loans, and those rates tend to get even higher when you fail to make a payment on time. Therefore, a credit card consolidation loan can reduce that high interest on your debt, giving you the option of paying off the loan at a much lower rate.

Image courtesy of Unsplash

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Attempt to reduce advances on NM loan interest rate ceiling https://kmjazz.com/attempt-to-reduce-advances-on-nm-loan-interest-rate-ceiling/ Sat, 29 Jan 2022 23:20:57 +0000 https://kmjazz.com/attempt-to-reduce-advances-on-nm-loan-interest-rate-ceiling/ A truck heads east along historic Route 66 in Albuquerque in this 2017 photo, past a sign advertising a securities lending business. New Mexico lawmakers are considering lowering the current 175% state cap on small loan interest rates during this year’s 30-day legislative session. (AP Photo/Susan Montoya Bryan) Copyright © 2022 Albuquerque Journal SANTA FE […]]]>
A truck heads east along historic Route 66 in Albuquerque in this 2017 photo, past a sign advertising a securities lending business. New Mexico lawmakers are considering lowering the current 175% state cap on small loan interest rates during this year’s 30-day legislative session. (AP Photo/Susan Montoya Bryan)

Copyright © 2022 Albuquerque Journal

SANTA FE — It may seem like déjà vu at the Roundhouse, but a bill dealing with how New Mexico limits interest rates on storefront loans is on the way again.

A year after a similar measure died in a standoff between House and Senate members, a new proposal lowering the annual cap on interest rates on small loans — from 175% to 36% — has passed Saturday by its first House committee.

“It’s truly a financial epidemic,” said Rep. Susan Herrera, D-Embudo, who said more than 20 percent of residents have taken out such loans in about half of New Mexico’s counties.

She also said out-of-state companies have moved into New Mexico to take advantage of low-income residents who need quick access to cash.

However, just like last year, critics of the legislation argued that lowering the state cap on interest-rate loans could put businesses out of business and leave their employees unemployed.

They have argued in the past that such a policy change would push borrowers to use internet lenders, many of which are based in other countries and cannot be regulated.

Danielle Fagre Arlowe of the American Financial Services Association, a group based in Washington, DC, said the bill would make it harder for those with bad credit scores to get loans.

“Low-income residents will likely find themselves in credit deserts if (this bill) passes,” she told members of the House Consumer Affairs and Public Affairs Committee.

But the committee ultimately voted 3-2 to approve the measure, with Democrats voting in favor and Republicans voting against.

This year’s legislation, House Bill 132, is sponsored by a bipartisan group of five lawmakers, including House Speaker Brian Egolf, D-Santa Fe. It would lower the state’s interest rate cap on loans showcase, but would also increase the maximum amount of these loans from $5,000 to $10,000.

In its original form, the bill also included a $180,000 credit for financial education efforts in New Mexico schools, but that was removed from the legislation Saturday at Herrera’s request.

Under current state law, proponents of the bill said storefront loan companies currently target the state’s Native American population and low-income areas.

Additionally, a December survey of Latinos in New Mexico found that 19% of adults had taken out a storefront loan during the COVID-19 pandemic.

“People say it helps – it doesn’t help,” said Leonard Gorman, executive director of the Navajo Nation Human Rights Commission, who described current interest rates on many small loans. as “harmful” to those who find it difficult to repay them.

New Mexico has a long history of regulating the lending industry.

A previous 36% cap on loan interest rates was abolished by the Legislature in the 1980s amid high inflation, according to research by Santa Fe-based Think New Mexico, which has is pushing for the lower rate cap to be reinstated.

After years of Roundhouse debate, lawmakers passed a 2017 bill that established the current 175% interest rate cap on small loans and banned so-called payday loans with terms of less than 120 days.

But critics have insisted that the 175% cap can leave low-income New Mexicans stuck in “debt traps,” while pointing out that the US armed forces implemented an annual rate limit in 36% percentage for loans obtained by active duty military personnel.

The Roundhouse debate has caught the attention of many national businesses who have hired lobbyists to represent their interests.

During last year’s legislative session, a credit industry lobbyist said the industry employs about 1,300 people across New Mexico.

Additionally, small loan companies made $140,000 in campaign contributions to New Mexico candidates and political committees during the 2020 election cycle, according to a recent report by New Mexico Ethics Watch.

The bill to cap interest rates on loans is now before the House Judiciary Committee with less than three weeks remaining in this year’s 30-day legislative session.

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Using payday loans during the COVID-19 pandemic https://kmjazz.com/using-payday-loans-during-the-covid-19-pandemic/ Mon, 24 Jan 2022 15:38:14 +0000 https://kmjazz.com/using-payday-loans-during-the-covid-19-pandemic/ On a day-to-day basis, paying bills can be a real challenge for most individuals and households. Unfortunately, with the COVID-19 pandemic, the financial situation has worsened, highlighting the need for most people to obtain emergency cash. Payday loans give you access to short-term funds, but usually at a higher interest rate. Most payday loans are […]]]>

On a day-to-day basis, paying bills can be a real challenge for most individuals and households. Unfortunately, with the COVID-19 pandemic, the financial situation has worsened, highlighting the need for most people to obtain emergency cash.

Payday loans give you access to short-term funds, but usually at a higher interest rate. Most payday loans are usually between $500 and $1,500 or less. In addition, your personal loan is due when you receive your monthly salary.

One could easily imagine that the pandemic will be helpful to the business of payday lenders. However, quite the opposite happened, as fewer people took out payday loans. This can be attributed to a number of factors.

First, at the height of the pandemic, most states made it easier for households to access cheaper loans. In reality, small business administration (SBA) has undertaken a Paycheck Protection Program to ensure businesses can access loans to stay afloat and keep employees working.

Also, with the federal relief and child tax credit available to many people along with other social benefits, the need for payday loans has diminished. Nevertheless, many finance experts believe that there could be an increase in demand for payday loans very soon. Although there are fewer lockdowns and restrictions, COVID-19 is still in full swing. So the pandemic lending rules may apply to most payday lenders.

Either way, here’s how to navigate getting and using a payday loan during the pandemic. In this article, you’ll also learn about the pros and cons of payday loans in these circumstances and whether it’s the best cash advance option for you.

How to get a payday loan during the pandemic

For starters, payday loans aren’t as popular as they were a few years ago. Only about 31 states allow payday loans while the rest have banned the loan structure at varying levels. So, you may need to check with your state loan policies to see if payday loans are allowed.

If so, you can visit payday loan stores near you or access a lender app from your mobile device. Applying for a payday loan can be done through an application form with the lender. Since payday loans are unsecured, you don’t have to worry about collateral when applying for a loan.

Applying for a payday loan during the pandemic, or at any time, requires that you have a current job. You will need to submit your payment stub and authorize your lender to transfer the amount electronically or you can write a post-dated check for this amount.

Common payday loan terms

Payday loans are a special form of financing because they differ from most conventional loans. Here are the common loan terms you should expect when taking out a payday loan during this pandemic.

  • A short payment period: Most people refer to payday loans as a two-week performance loan. Indeed, the time window for reimbursement is very short, generally not exceeding two weeks.
  • High interest rate: It is best to calculate the interest rate for payday loans using the annual percentage rate (APR). Most loans have an average APR of 400% or more, which makes them very expensive.
  • Single payment: Unlike most loans, you cannot repay your personal loan in installments. All payments are usually made in one installment on the next payday.

What happens if you can’t repay your payday loan?

Most of the time, borrowers are unable to complete the repayment of their payday loan. Usually, the lender tries to cash the check or make an electronic transfer. If you have an insufficient balance, your bank will charge you an overdraft as often as it happens.

If you continue to default, lenders may call endlessly, contact relatives, or hand you over to collection agencies. To avoid this, you can contact the lender to offer extended payment plans if you think you won’t be able to meet the payment due date. Most lenders are generally open to this feature. You can also take out a debt consolidation loan or declare bankruptcy if you are truly unable to repay the loan.

In extreme cases, after a long period of default, the lender may seek a settlement requiring the borrower to pay less than agreed. Since the interest is usually exorbitant, the lenders end up losing nothing. However, this can ruin your credit score.

Alternatives to payday loans

If you decide that payday loans aren’t the ideal pandemic option for you, there are several alternatives you can try. Here are some other types of emergency loans without the drawbacks of payday loans.

  • Bad Credit Loans: These loans are ideal for times of emergency, especially if you have a low credit rating. They are secured unlike payday loans and they have lower interest rates.
  • Cash Advance Apps: Cash Advance apps are mobile software that can offer loans in anticipation of future income. Although they also charge by APR, they are cheaper and won’t put you in a debt cycle.
  • Lending Circles: Instead of getting payday loans with ridiculous repayment terms, you can pool resources from family or friends with little or no interest.
  • Pawnbroker: This type of loan requires you to provide collateral in exchange for a loan. If you pay as agreed, your property will be returned to you. This process is less expensive than payday loans.

Final Thoughts on Payday Loans

While payday loans are undeniably useful for emergency financing, they leave you with more than just debt to settle. This is why many financial experts advise borrowers to avoid loans. If you’re already in this one and the pandemic is affecting your ability to pay, you can follow one of the recommended steps in this article. Otherwise, you better look for other emergency loan options.

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[COLUMN] Achieve freedom by getting rid of your mountain of debt — https://kmjazz.com/column-achieve-freedom-by-getting-rid-of-your-mountain-of-debt/ Sun, 23 Jan 2022 04:38:24 +0000 https://kmjazz.com/column-achieve-freedom-by-getting-rid-of-your-mountain-of-debt/ The TOUGH financial times caused by the pandemic are pushing consumers to the limit. Chargebacks and overdue credit card balances are on the rise again. In the face of layoffs and economic hardship, many people are resorting to using their credit cards to pay for basic expenses such as food and housing. Many people dip […]]]>

The TOUGH financial times caused by the pandemic are pushing consumers to the limit. Chargebacks and overdue credit card balances are on the rise again. In the face of layoffs and economic hardship, many people are resorting to using their credit cards to pay for basic expenses such as food and housing. Many people dip into their credit card hoping it’s just a temporary fix “until things get better”. The bad news is that credit cards come with a hefty price tag – sky-high interest rates, not to mention late fees and overlimit fees.

Once the credit cards run out, some people resort to even more desperate measures just to make ends meet. Lately, I’ve seen a lot of people go so far as to get some of these so-called “payday” or “emergency” loans, which are ten to thirty times worse than credit cards! In most cases, interest rates on these loans can range from 390% to 900% APR if you continue to “roll over” the loan (i.e. ask for an extension of the payment term)! !! Can you believe that? I have seen clients have 2, 3 or sometimes more payday loans at the same time. No wonder these people are broke before payday even arrives! Loan sharks often prey on people with bad credit who are already over-indebted.

If you’re struggling with debt, you may find it harder and harder to catch up each month. If some of your accounts have been turned over to collections, that’s even worse because it means you can be sued by your creditors at any time. Once they have obtained a judgment, creditors can then garnish your wages or debit your bank accounts. Some people are paralyzed with fear and do nothing, hoping that somehow, by ignoring their debt problems, creditors will just give up. Be real. You cannot ignore your debt problems. If you do nothing, you will realize one of these days that your inaction has only made your debt problems worse.

If you’ve done everything you can but nothing has worked so far, should you declare bankruptcy as a last resort? Bankruptcy can often be an option for many people who can no longer afford to pay their debts. In Chapter 7, credit card debt, personal loans, medical bills, and most types of unsecured debt can be erased. This means you can start over and rebuild your credit instead of having all of your overdue debt reported to the credit bureaus each month. Your fresh start begins the day your bankruptcy case is filed and creditors can no longer collect from you. For the first time perhaps in a very long time, you can finally breathe and feel like a human again.

If you are able to pay a certain amount each month, you may also qualify for Chapter 13 debt consolidation to significantly lower your monthly payments. In most cases, credit card payments can be reduced to half (or even less) of what you are currently paying. You also pay 0% interest on your credit cards and can get out of debt for 3 to 5 years, depending on the length of your Chapter 13 plan. If you’re in foreclosure, Chapter 13 can also help save your home. and update your payments.

If you’re in debt and need to find the best solution for your situation, call toll-free 1-866-477-7772 to schedule a free consultation.

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NOTE: Due to the COVID-19 pandemic, I am offering free consultations OVER THE PHONE to anyone who needs help dealing with their debt issues.

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None of the information contained herein is intended to provide legal advice for any specific situation. Atti. Ray Bulaon has successfully helped over 5,000 clients get out of debt. For a free evaluation of your situation by an attorney, please call RJB Law Firms toll-free at 1-866-477-7772.

(advertising supplement)

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