Payday Cash Advances
Get payday cash advances with no hassles. We provide payday advances of up to $1500 for first time lenders and more for return customers. If you are a U.S. resident with a checking account and a job that pays more than $1,000 per month, you could be approved for a payroll cash advance in 24-48 hours. No credit checks can't be promised, no hassles!
Home Equity Loans:
Home equity loans are used by many to consolidate debt. Borrowers take out a home equity loan to payoff their credit cards, and then close out those accounts. Now they just pay one bank, one monthly home equity loan payment with a lower APR than their credit card accounts. For example, typical credit card and department store card interest rates are 18-22%. But home equity loan APR can be under 10%, and many might not even have any fees. Home equity loans will cut the interest portion of your payment in half, which has the effect of paying off your principal much faster than credit cards. One benefit of home equity loans is you usually get to write the interest off your taxes, making the APR on the loan effectively lower. You cannot write off interest if the loan is in excess of the value of you home.
When not to Borrow
Some unscrupulous lenders flood your mailbox with offers. "We'll lend you up to 125% of the value of your home!" Wow, you just struck oil! This is very dangerous oil however, because if you default on the loan, not only do you lose your house, but you still owe the other 25%. Not only that, you can't write off the interest if you borrow more than the house is worth. The lenders who offer these risky loans are in it only for their own greed. Because they are writing higher loan values, they group them together and sell the portfolio to institutional investors, now their hands are washed of it and so what if you default, they made their money and moved on to the next group of suckers. Oops! I meant to say borrowers.
Any bank with a conscience will only lend you up to 80% of the equity in your home. They send out an appraiser to get an accurate value of your house, then they determine how much equity you have in the house, and lend you up to 80% of that value. This is the safest way to do a home equity loan. You must evaluate whether an equity loan makes sense for your financial situation. You have to weigh the APR, and the loan fees if any against the APR of the debt you are trying to eliminate. Make sure you close out any accounts that you are trying to pay off. Borrow only enough to payoff the accounts in full. You might not be able to borrow enough to pay off all your debts, so don't straddle the cash across all your accounts. Use it to payoff your top rate cards, and close them out.