Cycle of debt: keeping yourself out

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How does one keep out of debt and the debt cycle? That isn’t as hard as a question to answer as some might think. The objective here is to know what to do and what not to do to help prevent you from even starting the frustrating downward spiral.

Preventing ourselves from being taken by the by the cycle of debt, we should start by explaining the situation of paying credit off with even more credit. This spiral starts by people abusing their credit cards then having to acquire another credit card to pay off the first credit card, which then leads to yet another credit card and so on.

Now that that is explained, let’s think of the ways that can keep someone out of it. Here are a few problems that start the spinning web of debt.

-Misunderstanding of financial terms
-Not saving enough
-Reduced income
-Poor money management
-Medical expenses

These are some common reasons for finding yourself in a debt cycle, after which people resort to the easiest and closest comfort.

So what is the easiest way to keep you out of debt? Well don’t spend money you don’t have and budget yourself.… Read more

Payday Loan Companies Compared in Arizona, Oregon and North Carolina

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Many people in Oregon would like to take advantage of online payday loan applications from the comfort of their home of office. However, many payday loan and cash advance providers in USA require you to fax in signed forms and documentation.

If you don’t have easy access to a fax machine this can be a real problem with payday loan in Arizona. One solution is to use a public fax machine. Many stores and copy shops such as FedEx have fax machines that you can use to send and receive faxes for a small fee.

Alternatively, you can apply online for an faxless payday loan instead. No fax payday loans are becoming increasingly common online as they use a much easier faxless application process.

Instead of having to print your loan documents, sign them and then fax them in, many in North Carolina now allow you to agree to the loan documentation electronically, making it an entirely fax free application. Of course, you will still be able to print off the loan documentation for your records if you choose.

Another option available with some payday loan companies is to print off the loan agreement, sign it and then mail it, together with any other required documentation, to the loan provider. This can, for many people, be as inconvenient as having to fax the documentation and it can, for obvious reasons, take longer to process your application.

For most people, no fax payday loans and cash advances are a great, convenient option, meaning you get the cash you need when you need it. Applying for a cash advance/payday loan can be trying. Needing money is never a pleasant experience and sorting through all the information available online can be a full time job.

Here at we have done extensive research into each program. We’ve done the work so you don’t have to.

Below is a chart comparing of the top cash advance/payday loan providers online in USA. We’ve researched each offering and provide a clear, at-a-glance breakdown of what each company offers.

This chart was accurate at the time of publishing, we hope you find it useful. If any of this information is incomplete or inaccurate, please feel free to contact us.

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How long does it take to get my money?

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Since these loans are deposited into your account electronically, you will usually get your money on the next business day after you sign up, although this may vary depending on the lender.

What kind of collateral do I need?

Payday Loans are collateralized agains your paycheck. In other words, your job is your collateral.

Is direct deposit really necessary?

Yes. It’s the safest and quickest way to get your money to you. Otherwise, you would have to pay for overnight shipping on a check. We have not encountered an online payday loan company that does not require direct deposit.

How do I know my personal information is safe?

Your payday lender should have a posted privacy policy that states what they will and will not do with your personal information. Additionally, the online form should be protected with 128-bit Secure Sockets Layer (SSL) encryption. Most browsers indicate that a page is SSL encrypted with a small padlock icon somewhere along the bottom of the browser window. See your browser’s help for exact details. If your chosen payday loan lender does not have a privacy policy or does not encrypt it’s forms, find another lender.

Can I get more than one loan?

You can only have one loan at a time. You can get another loan after you pay off the first one, but you cannot have more than one loan at a time. You should also keep in mind that payday loans are intended to solve your short term emergency cash needs. They are not intended to support on going budgeting problems. If you need help with you debt, credit, or budgeting, please call the National Foundation for Credit Counseling at 1-800-388-2227.

How big of a loan can I get?

Your loan amount is determined by several factors including income, state law, length of employment and other outstanding loans. Typically, payday loans are available for amounts from $100 to $500.

What if I can’t repay the loan on the due date?

Most lenders offer several payment options when the loan reaches it’s maturity date. The most obvious choice is to pay off the loan in full – the loan amount, plus the fee. A second option is to pay the finance fee plus a portion of the principal. The last option is to simply pay the finance fee. These last two options involve rolling over the loan into another loan and some additional restrictions may apply. Your lender may have a variety of repayments options available – speak to your designated customer service agent for more information on this topic.… Read more