Is It Really Possible To Get A Payday Loan If You Are On SSI?

Payday loans have been around for some time. Typically, a payday loan is for employed borrowers who need advanced funding until their next paycheck, which is usually two weeks from the date of the loan.

This arrangement posed unique problems for those who were no longer employed but received a less traditional income such as SSI, disability, or other government benefits. This type of income, although steady, is usually paid only once per month.

Some payday lenders in the past did not set up funding for these types of income situations. This left some borrowers who were receiving government benefits or alternative forms of income without many options.

Payday loans are meant to be short-term loans paid against future income. They provide funding for emergency situations such as vehicle repairs, bill payments, and other unexpected expenses. They are not usually set up for long-term repayment.

Pros & Cons

There are certain advantages and disadvantages to using this type of financial tool. One of the advantages is that borrowers are not subject to the strict lending requirements of a traditional bank. The only information that a borrower needs to provide for this type of loan is a valid form of identification such as a driver’s license or passport or other government-issued ID, proof of income, social security number, an active bank account, and sometimes references.

The funds are usually given in one to two business days and are direct deposited into the borrower’s bank account. Also, the advantage of this type of loan is that borrowers do not have to have perfect credit.

A disadvantage of this type of borrowing is the higher interest rates being charged for this type of loan. Sometimes interest rates can be over 600% APR in some states.

Depending on where you live, some states have banned payday lending in their state due to the predatory nature of some in the industry.

Many states now have laws in place to protect borrowers from this type of predatory lending. Payday lenders have since come into compliance and also opened the door for individuals who receive alternative forms of income, this includes payday loans for ssi recipients.

If you are receiving government benefits you can apply for a payday loan under an installment agreement and pay over a specific amount of time such as 6 months to 1 year. The interest rates charged are still a little higher than with traditional loans or credit cards, but those who receive benefits have a longer time to repay the loan.

This is good news for those who find themselves in need of emergency funding and who also don’t have a good credit rating for traditional loans.

Things You Need To Know Before Renting A House

Owning a home is a fantastic idea, but renting might be more reasonable for most people due to their financial position. However, irrespective of why you choose to rent a house, there are important things you need to consider before renting a house. Before moving to a rental house, ensure you have a list of questions to ask before signing the contract, as this will present an opportunity to discuss your desires and expectations with your prospective landlord. Among the things to know before renting a house includes;

Safety and security

One of the most important factors to consider before renting a house is the security of the area. Find out the crime rate in that location and resident’s previous safety complaints and experiences. Enquire whether your rental office or the landlord provides an alarm -system option to the residents or if residents can hire their own security protection via a private arrangement. Wherever there is an emergency, find out the people in charge, particularly if there is onsite security.

Know what your tenant rights are.

Renting a house doesn’t mean you carry all the responsibilities. You are entitled to various rights and privileges—for instance, the right to privacy, which protects you from trespassers. The rental office or landlord cannot coerce you to cater to things like repairs and maintenance. Before renting a house, find out the laws that protect tenants’ rights within your territory.

Rental payments and due dates

Consider whether the monthly rental payment suits your budget. Enquire about the security deposit, the specific date of making the monthly payment, and the mode of payment acceptable by the rental office or your potential landlord. Find out whether they impose charges in case of delayed monthly rental payment. If yes, enquire about late fees assessment and the amount to be paid.

Maintenance Issues and assistance.

Whether you are moving into a brand-new house, you realize that at some point, there will be a need to get in touch with the maintenance office for an issue in the future. Before renting a house, you need to ask a list of issues your maintenance office takes care of. Enquire about how to get into contact with the maintenance and the whole process of filing a complaint.

Tenancy Contract

Before moving into a house, most rental offices will require you to sign an assured short hold tenancy agreement. As a tenant, you are supposed to understand the contract’s content to determine whether they are compatible with your personal interests. Before you sign that contract, ensure the apartment you’re looking at is conducive for you and other people who will occupy the house.

Utilities

Before you rent a house, enquire whether you will cater to extra utility expenses such as water and electricity or be covered by the landlord. If your landlord will cater a portion of your monthly utility bills, enquire about local utility companies and enquire about their charges. You can find more useful information lagoon-tours-bahamas.

A Good Car Insurance Policy And A Bad One: How do you identify one?

Many people who are shopping for car insurance policies always go for companies that offer the cheapest policies. While it is understandable, many don’t realize that a reasonable policy could be ineffective. It is true more affordable insurance cover or providers could make a big difference in your monthly budget. However, it is also true that a cheaper insurance provider could mean forgoing some other necessary services provided by more expensive companies.

Nonetheless, that doesn’t mean that an expensive plan for your automobile is the best choice. There is no guarantee in a costly plan for your car. According to the Insurance Information Institute, an average American pays $815 for car insurance each year. Now, that isn’t a small amount of money.

The price of insurance policies shouldn’t be the only factor when choosing a plan provider. No insurance policy is perfect, and both of them have their downsides. Use cheap car insurance from moneyexpert.com to help you find the right insurance for you.

The Difference in Insurance Policy Coverage

It may sound an obvious fact, but having more comprehensive coverage attracts more costs. And as earlier stated, an expensive cover doesn’t mean it is good. Therefore, it is essential to have informed background information before deciding what type of policy to buy.

How do you ascertain it is genuine and effective for your automobile?

An Acceptable Policy Will Cover Drivers with A History of Driving Violations and Accidents

  • While not all insurance policies will cover drivers with a history of accidents and petty road offenses, an acceptable policy will consider every aspect but still protect such clients. Further, if you have a lapsed insurance policy or low credit score, a good policy will always find somewhere to shield you.

A Good Car Insurance Policy Will Not Ask So Much Personal Information to Issue You with An Online Quote

  • Most insurance companies will give you online quotes. However, you will be required to trade your most vital information for the online quote. A good car insurance policy will provide you with an online quote with just the necessary information about your location and driving record.

A lousy car insurance policy will be packaged in inviting offers and beautiful language. However, you can still smell a lousy deal from far if you notice the following:

  • A lousy car insurance policy has limited customer service availability. For most of these inconveniencing insurance policies, the general customer service hours are limited to certain hours.
  • Expensive premiums, even for those with clear and clean driving records. Most of these insurance companies would provide you with cheaper premiums if you got a healthy driving record. A poor insurance policy doesn’t have any such special consideration.

7 Tips for Dealing with Water Damage in your Home

Most people will panic when water first starts to flood their homes. For a first reaction, this is perfectly normal because flooding tags along considerably costly destruction.

However, you can significantly minimize the impact of water damage by learning tips for handling water damage in your home.

Let’s look at some water damage control measures that will help you minimize the effects of water damage as well as keep you safe. Thanks for Water Damage Denver for helping us out with these tips.

  1. Safety first

First and foremost, it’s essential to ensure that you and your family are safe. Remember to turn off the lights and wear protective gear after any water damage. However, if turning off the lights will require you to re-enter the flooded area or stand on wet ground, stop and contact an electrician immediately. If you decide to re-enter the house, have protective clothing such as gloves and rubber boots to prevent unnecessary injuries.

  1. Stop the water flow

If the flooding is a result of water heater failure or a burst pipe, turn off the waterline. If you cannot detect the primary cause of the floods, contact an expert immediately.

  1. Protect your valuables

To prevent carpet staining, lift any wooden furniture off the carpeted areas. You should also remove any rugs from the wet flooring. If the flooding is considerably concerning, you may have to vacate your home for some time, and then come back later to deal with the problem.

  1. Contact your insurance company

Insurance policies vary depending on the homeowner’s cover. After reaching your insurance company, they will dispatch an adjuster to assess the damage and ascertain if it’s a covered loss.

Ensure you document the values of items and also take as many photos as possible—before, after, and during the cleanup.

This evaluation will be of help to the adjuster when analyzing the extent of the damage.

  1. Start cleaning up immediately

After being cleared to re-enter your home, start cleaning up immediately, but if the damage is too extensive for one person or your family to handle, be sure to seek professional restoration services.

  1. Dry out your home

After cleaning up, it’s now time to take care of damp bits and bobs. Flooring fans like dehumidifiers and air movers can dry moist areas in your home. Moreover, if you’re lucky enough to have your electricity back by this time, you can use central air conditioning.

Meticulously drying out your home will ensure that there are no mold or mildew buildups.

  1. Repair considerations

You may have to replace or repair your walls, fix broken items, or even your flooring if you aren’t sure about the measures to take when conducting home repairs. However, it’s vital to seek guidance from an experienced water damage restorer.

When Should You Consider Hiring a Criminal Lawyer

Every year, more than 120,000 people undergo criminal trials in courtrooms without a criminal lawyer. When charged with any crime, the consequences might be serious. Although it is not compulsory to be represented by a lawyer, it might be useful to hire one given the difficult of self-representation and the likely consequences of a criminal conviction. Therefore, it is good to often consult with a lawyer so that they can assess your case and advise accordingly. In many occasions, you will find attorneys specializing in a specific area that will be beneficial to you and your situation. But before entering into a relationship with a Sydney criminal lawyer, you opt to know more about what to face.

Who is a Criminal Lawyer?

A criminal lawyer is a professional intellect, with broad knowledge and experience in law. Although all practicing lawyers can represent you against any criminal charges, criminal lawyers specifically specialize in criminal statutes and have substantial experience in criminal matters. A criminal lawyer is likely more competent in handling criminal cases and well conversant with the penal legal system, and thus they can confidently handle your case.

When do you need a criminal lawyer?

These are some of the occasions where you would need a lawyer’s assistance.

If you’ve been charged with a criminal offence

When you need to institute private charges against someone else. This means you will be taking the roles of the public prosecutor and seek external assistance to convince the court that someone has committed a criminal offence.

Some factors might guide you in deciding whether you need a criminal lawyer to defend you against criminal charges.

  1. What offence are you charged for?

The first important thing you need to consider is the reason you are being charged. This is critical because it helps to approximate the possible sentence you will receive in case you will be found guilty of the charge. Every offence has a unique sentence. The severe the crime and conviction, the more it will difficult to find legal assistance.

  1. The level your case is at

The second crucial thing to determine is the stage your case is at. There are several stages that every case pass through, and in every scene, there are several necessary legal steps to be executed. The higher the stage your case is, the more difficult the legal issue might be.

  1. How can a criminal lawyer help?

Assess the impact of the criminal lawyer in your case by evaluating the chances of succeeding in your case. A criminal lawyer can help you apply for the bail and can also write a formal prosecution letter pledging for reduction of charges, compounded or even dropped. Finally, a criminal lawyer can use his knowledge and experience to convince the court to act on your favour.

  1. The fees for hiring

During criminal trials, you might be going through tough financial challenges. Seeking a criminal lawyer whom you can afford can help you relieve your financial woes and reduce the stress. Legal fees charged by law firms vary quite widely. In most occasions, the variation may arise in terms of payment structure, or terms of the total amount charged.

Right Financial Decisions

Most people are so busy with work, school, relationships, and everything that life has to offer, that they hardly have any time to spare to attend classes on finance or money management. Since knowing how to manage one’s money is a basic skill that everyone should have, we have made it possible for you to learn all you can about money while meeting all your other busy schedules.

Our goal is to provide helpful information on a regular basis to help you make the right financial decisions so that the money you make now can serve you now as well as in the future.

What You Can Look Forward To

If you choose to become part of our team, we will:

  • Write relevant content on our website to help our readers to overcome financial challenges and make use of any opportunities that may arise.
  • Help you to assess your financial needs, guide you on when and how to make an investment, educate you on taxes, and respond to all your queries and questions on insurance.
  • Teach you how to come up with short and long-term goals in areas such as education, mortgages, and retirement, and how to achieve the set goals.
  • Be your number one resource with regard to all financial matters

What We Do Not Do

Since we are all about money and people get excited when talking about it, here are some things you should not expect from us:

  • We do not promise you financial success overnight
  • We do not advise people to bend the law, let alone break it
  • We do not share false information in a bid to excite you into making a certain decision
  • We will not treat you as if you know everything about finance or nothing about it
  • We will not ask you for private financial information

What We Hope To Achieve For You

Regardless of whether you consider yourself to be an expert in matters of finance or not, we hope that our relationship will encourage you to make sound financial decisions every day. Knowing how to handle money and handling it in accordance with sound knowledge is a benefit to you and the people around you, both now and especially in the future.

Matters of managing money are not easy to implement, especially if someone is used to spending money without a proper plan. However, no obstacle will stand in the way of your financial goals if you approach the content we send you with the willingness to change and an open mind.

Debt is one of the worst four-letter words that can be used to describe your financial situation. If you are in debt or are living a lifestyle that is forcing you into debt, we hope to help you to change the course you are on and start working towards financial freedom.

In Essence

Financial freedom is not a state that only the wealthy people can reach; it is a lifestyle that anyone with any income can adopt. With your determination to change or improve how you handle your finances coupled with the invaluable information we will share with you; getting out of debt and attaining financial freedom is well within your reach.

Therefore, make it your responsibility to visit our website as often as you can, to see what you can continue doing, change, or adopt.

About Degus International

The reason we came up with this website was to become a source of financial information to everyone who came across it. Here you will find valuable resources, useful tips, and relevant information to help you make a budget and follow it, to show you how and where to invest, to teach you money disciplines such as saving and getting out of debt, and much other helpful content. We are your source of everything financial and money related.

Our Latest Posts

  • Is It Really Possible To Get A Payday Loan If You Are On SSI? -

    Payday loans have been around for some time. Typically, a payday loan is for employed borrowers who need advanced funding until their next paycheck, which is usually two weeks from the date of the loan. This arrangement posed unique problems for those who were no longer employed but received a less traditional income such as […]

  • Things You Need To Know Before Renting A House -

    Owning a home is a fantastic idea, but renting might be more reasonable for most people due to their financial position. However, irrespective of why you choose to rent a house, there are important things you need to consider before renting a house. Before moving to a rental house, ensure you have a list of […]

  • A Good Car Insurance Policy And A Bad One: How do you identify one? -

    Many people who are shopping for car insurance policies always go for companies that offer the cheapest policies. While it is understandable, many don’t realize that a reasonable policy could be ineffective. It is true more affordable insurance cover or providers could make a big difference in your monthly budget. However, it is also true […]

  • 7 Tips for Dealing with Water Damage in your Home -

    Most people will panic when water first starts to flood their homes. For a first reaction, this is perfectly normal because flooding tags along considerably costly destruction. However, you can significantly minimize the impact of water damage by learning tips for handling water damage in your home. Let’s look at some water damage control measures […]

  • When Should You Consider Hiring a Criminal Lawyer -

    Every year, more than 120,000 people undergo criminal trials in courtrooms without a criminal lawyer. When charged with any crime, the consequences might be serious. Although it is not compulsory to be represented by a lawyer, it might be useful to hire one given the difficult of self-representation and the likely consequences of a criminal […]

  • Best Tips to sell your house -
  • Right Financial Decisions -

      Most people are so busy with work, school, relationships, and everything that life has to offer, that they hardly have any time to spare to attend classes on finance or money management. Since knowing how to manage one’s money is a basic skill that everyone should have, we have made it possible for you […]