Why I Am Happy I Got A Logbook Loan

Saast | July 23, 2015 | Leave a comment

It wasn’t too long ago that I was in need of some money. I tried going to a bank, but they told me that they were not going to approve my loan because my credit rating was too low. I was frustrated, but I still needed to get the money somehow. So I started looking into my options, and I found that there was plenty of alternatives in the form of bad credit loans. However, as I started to dig deeper, I noticed that some options were much worse than others. In the end I decided to go with a logbook loan, and I am very happy that I did. There were many advantages to getting a logbook loan that the other types of loans didn’t provide. While a logbook loan may not be the right choice for everyone, I think that many of you may be in the same boat that I was. Therefore I wanted to share my experience and tell you why I am happy that I got a logbook loan.

First of all, logbook loans generally have very reasonable interest rates. While I was doing my research, I saw that other types of loans wanted to charge me a large amount on top of the loan I was taking out. By the time I would have been able to pay it off, I would have ended up paying back more than twice what I borrowed. That seemed ridiculous to me. I understand why some of these lenders did this – they were lending to people with poor financial history as evidenced by their credit scores, and they were not asking for any collateral. This is his how a logbook loan is different. You use your vehicle as collateral and you borrow against it. This allows the lenders to keep the interest rates low, which is very beneficial.

Another perk of a logbook loan is that even though you are using the car as collateral, you get to continue driving it. I needed my car to get back and forth to my job, and without it, I would have had a very hard time paying back my loan. As long as you make your payments on time with your logbook loan, the vehicle remains with you.

Lastly when I applied for my logbook loan, it was incredibly easy. There was no complicated forms or long waiting periods. I was able to fill out a quick application, and a few hours later the money was on its way to my bank account. I had already wasted enough time trying to find a place to give me a loan, and so getting the money quickly was definitely appreciated. The logbook loan company I chose was very easy to work with, and answered all of my questions before I signed the loan agreement.

As you can see, a logbook loan was a good option for me. I didn’t want to pay a lot of money on interest, I needed the money quickly, I didn’t want to deal with complicated loan applications, and I had a car that I could borrow against. If this sounds like the situation you yourself are in, then maybe this is right for you too and you should ask for a logbook loans quote . The only way to know is to do your research and see what options are out there for you. For me, I am very glad I did this as I could have ended up with a much worse loan experience.

Managing Credit Card Debt

Saast | May 26, 2015 | Leave a comment

Credit card debt is one of the worst kinds of debt that you can have. Not only are the interest rates normally very high, but owing a lot of money on your credit cards will also bring your credit score down. This is why so many people have a hard time managing their credit card debt. While the debt continues to accumulate, there seems like no way to get yourself ahead of it. There are a few things that you can look into however that may help you out.

First, if you have more than one credit card with debt on it, you will want to try and transfer as much of it as you can to the card with the lowest interest rates. This will help you to save money in the long run, and will allow you to pay off those cards with higher interest rates first. Be aware of some cards that charge you extra for balance transfers, and if you have one of those, do the math to see if it is still a good move for you.

If you can’t do that, consider signing up for a new card. Sometimes with new credit cards there will be no interest for a year, so you can transfer your debt over to the new card and take your time paying it off. If your credit score is low getting a new card may be difficult, but there are a lot of options available about there. See which cards offer introductory rewards, then make sure you use them to your advantage.

Transferring your debt not an option? Then you are going to need to formulate a plan to pay it back as it is. The best way to do this is to write down all of your different debts, then rank them from the highest interest rate down to the lowest. The goal is to pay off those debts that are going to cost you more the longer you take to pay them back. Then you want to go over your monthly budget and look for absolutely any place you can cut back. Every little bit that you can save, you want to move it towards paying back your credit cards. It may be rough going for a little while, but you really need to make your debt a priority. The sooner you can start making larger payments on your debt, the sooner it will go away, or at least be more manageable.

Lastly, if the above options won’t work for you, then you may need to seek the advice of a professional. There are many financial services out there that will help you to formulate a plan on how to best pay back your debt. Since they will be working with you directly on your finances, they can give you a more accurate plan of attack. While some of these services cost money, in the long run it may be a wise investment.

Hopefully this article was able to give you some ideas on how to manage your credit card debt. The important thing to remember is that you have options – you just need to find them and make the most of them. If you can do that, then before long your credit card debt will be under control, and your credit score will be back on the rise. Good luck!

How To Make More Money

Saast | May 21, 2015 | Leave a comment

Business Graph with arrow and coins showing profits and gains

We all wish that we had a little bit more money in our wallets at the end of the month. We could use it to help pay some bills, go out to dinner, or even take a vacation. Unfortunately, money doesn’t just go on trees. It probably seems like you are making as much as you can, and all of your expenses are necessary. However, there may be a few simple things that you can do to try and make a little bit more money. If you want to have some extra spending money, consider trying out some of the following ideas.

Get A Raise – Sure, this probably sounds easier said than done, but it is also the best way to start making more money. If you can get paid more for the work you are already doing, that would be best. If you have not gotten a raise in a while at your current job, consider talking to your manager about getting one in the near future. If you are a good employee that has been there for a while, they will most likely at least consider it.
Work More – If you can’t get paid more, try to put in more hours. See if you can work longer hours at your current job, or consider getting a side job. This isn’t feasible for a lot of people, as most of us are plenty busy already, but if you have some extra hours in the week, think about adding some work to them.
Start A Business – Another option is to start your own business. This doesn’t have to be a full-fledged company, but something you do in your spare time to make some extra cash. Maybe there is a service you can provide to people on the weekends – like petting sitting – or a small hand made product you can sell to people. Think about what you are good at and look for ways to monetize it. Who knows, it could grow larger one day and turn into your full time job.
Cut Back – Instead of adding to your income each week, cutting back on your expenses would have the same effect. Look at what you are spending money on each week and look for ways that you can cut back. Maybe instead of driving to work everyday, you take public transit twice a week. Or maybe you make your coffee at home before you leave instead of buying a cup every morning. Little things like this can go a long way, and at the end of the month you’ll have more money left over to spend on more important things.
Sell – Lastly, if none of the options above will work for you, think about selling some of the junk that you have around your home. While this is not a long-term option, if you are in need of some quick cash it may be a good alternative. Take a look around your home and see what you no longer need. Then post some signs up around town advertising them, or put some ads up online. You’d be surprised at not only all of the junk that has accumulated in your home, but how much other people are willing to pay for it.

Hopefully at least one of these options will work for you. We know that making more money isn’t always easy, but if you put the time and effort into the ideas above, you should find yourself with a little bit of extra cash. Just make sure that when you do, you spend it on something smart. You don’t want to go through all of this just to waste your money on something you don’t need!

Starting A Savings Plan

Saast | May 19, 2015 | Leave a comment

There comes a point in most of our lives when we need a large amount of money for something. It could be for a deposit on a house, so you can afford a trip, send your child to college, or buy a new car. No matter what it is, if you know this expense is going to be in your future, you should start saving up for it now. The best way to do this is to start a savings plan, one that accumulates the necessary funds a little bit at a time. To help you do that, we have some tips that should make your savings plan more successful.

First, you need to identify your goal. You should think about not only what the money is going to be for, but how much you are going to need and when you are going to need it by. A savings plan will be much more effective, and you’ll be more likely to stick to it, if you have a clear goal in mind. Write down your goals so that you know what they are going to be. If you have several things you want to save up for, we recommend coming up with a separate savings plan for each goal.

Once you have defined your goal, it is time to formulate a plan. The best way to do this is take the total amount you want to save up and divide it by the number of weeks you have until your end date. This will tell you how much you need to save up each week until you reach your goal. You can then decide if you want to put this amount away every week, every two weeks, or every month. We suggest not going longer than that, as the point is to save up a little bit at a time.

Now that you know what you need to save up each week, you need a place to store it. We suggest opening up a separate bank account and having the money automatically deposited in there each week (or two). This serves two purposes. First, it keeps the money in a separate place so that you are not tempted to touch it. When you see a large amount of money in an account, it can be tempting to use it for something other than your goal.