Cash support to meet the temporary financial woes right away!

Are you unable to earn enough money due to certain mental or physical disability? Do you need quick finances to get rid of your temporary monetary woes? Here you can simply check out loans for people on benefits to avail the easy financial support without any disturbance.

If you are finding tough to grab the loan due to your disability or jobless status, applying with this loan suits best to your needs and demand. These finances are made available for the people who are living on disability or unemployment benefits.

Therefore, whenever you turned down due to your disability, you can simply rely upon applying with loans for people on benefits. This is the best financial approach that aims to offer the immediate financial support to fulfill your emergencies on timely basis.

The applicant can simply avail the benefits of this monetary aid by submitting the proof of their good repayment ability. These finances can be availed against the benefits provided by DSS (department of social security).

No stress of arranging any collateral is involved as it is s short tenure financial help that offer the small money that can be utilized for the time duration of a month. Also, it does not matter if you are having a poor credit profile.

You can still enjoy the easy approval of loans as here lenders do not follow any credit checking process at all. So, even if you are tagged with some strained credit factors like defaults, skipped payments, arrears etc., your application will still be acceptable by the lenders.

In order to apply with Same Day Loans For Disabled with all the ease and comfort, choosing an online mode is preferable. This is because online method let the loan seekers to choose the best financial option according to their budget and needs.

Exploring the online market is quite effective to pick up the most reasonable and reliable financial choice. Few clicks will allow you to grab the asked money directly in your bank account to have a quick access. Online method is preferable among the loan seekers due to the easy accessibility of loan with fast approval.

Strategies to avoid Car Repossession

Is Car Repossession a Reality for you?

Do your car loan payments keep you awake at night? Are you threatened by repossession of your car? If you are finding it difficult to manage your payments, you are not alone. There are thousands of Americans who are suffering from the same problem.

Why should you avoid Car Repossession?

You may think that there is no other option than to let the lender take away your car. But, it is important that you leave no stone unturned in avoiding car repossession because of the following reasons:

>> You will not have a car to drive after car repossession

>> It stays on your credit report for seven years

>> People with car repossession do not get car loans easily

>> You will have to pay the balance due on your loan after car repossession

>> Lenders may sue you for the costs associated with repossession of a vehicle.

What Strategies should be followed to avoid Car Repossession?

Car repossession is bad because it has catastrophic complications. So, it is essential that you avoid it with the help of the following strategies:

Make a Few Payments

No lender will repossess your car even when there is a chance of getting back a part of his investment. So, it is important that you make a few payments. It will help you in avoiding car repossession.

Do not worry if unemployment and lack of job opportunities have caused a terrible cash crunch. You can raise money by selling a few of your belongings such as jewellery, extra furniture and other appliances.

Apply for Deferment

Lenders want to do business and earn money. They lose money when they repossess a car because of the following reasons:

a. They have to undertake unnecessary paperwork

b. They have to bear the repossession costs

c. They are unable to generate enough money by selling the car at an auction

d. They still have to recover the balance due on the loan from you.

So, whenever you face the possibility of car repossession, work with your lender. There are chances that he may provide you a deferment of a month or two. The time period is enough to find a new job.

Opt for Loan Restructure

If you can manage a smaller monthly payment, you can ask the lender to restructure your loan. He will extend the loan term and reduce your monthly payment amount. You should not worry about the high amount of interest that you will pay after loan restructure because you can refinance the loan in future.

Sell the Car

If your family has more than one car, you sell your car and share the other car/s with your family members. It will help you avoid the bad credit ratings that accompany repossession.

Remember that selling your car is an option only when your car has equity in it. If you owe more to the lender than the car's current value, you won't be able to repay the lender.

Ask for Help

A friend in need is a friend indeed!

If you cannot sell your car or make smaller payments, ask a friend or a family member to help you make payments. If someone agrees to assume the responsibility, you can transfer the title to his name.

Being in a financial crunch can be distressing, but do not lose hope. By employing the strategies mentioned in this guide, you can work your way out of this terrible situation.

How much Down Payment is Ideal for Getting a Car Loan?

If you make an impulsive decision of applying for an auto loan, you will end up damaging your credit score and your financial stability. Obtaining an auto loan is a process. You will have to research several financial alternatives available to you and devise a plan for making regular payments. Additionally, you will also have to make down payment.

Why make Down Payment?

The reasons for making down payment are as follows:

>> It reduces the total loan amount and lowers your loan burden;

>> It helps in improving your approval chances;

>> It manifests a stable financial situation to the lender; and

>> It helps bad credit borrowers in getting an auto loan.

What is the Ideal Down Payment Amount?

The more, the better!

When it comes to buying a car, it is better to make as much down payment as possible. But, it is not possible for everyone to make down payment of a substantial amount. So, here are a few factors that will help you decide the ideal amount for making down payment:

The Condition of your Credit

A credit report manifests your financial situation and credit worthiness to the lender. So, check your credit report in order to understand how your financial condition will be perceived by the lender. If your credit report includes missed payments, bankruptcy or repossession, you will be offered a higher interest rate. In such a situation, you may want to make down payment of a large amount to reduce the loan amount.

Your Income

A substantial income and a stable job are indicators of regular monthly payments. If a lender is not worried about receiving regular payments, he/she will not make down payment compulsory for you.

On the other hand, if you have just switched your job or you do not have a regular source of income, lender may demand a higher down payment amount from you.

Your Choice - New Car or Used Car?

The depreciation rate of a new car is very high. If you make down payment of an insignificant amount, you will face the situation of an upside down car loan. So, it is better to pay at least twenty percent of the total car price as down payment. If you are inclined to buy a used car, ten percent of the car's price is considered ideal for down payment.

A Trade-In

If your current car has positive equity, you can use it for a trade in. The dealer will deduct the value of your current car from the price of new car. It will help you in lowering the total price of the new car as well as the down payment amount.

Once you consider all the above-mentioned factors, you will be able to calculate an ideal down payment amount for buying a new car.

Another Grand Bites the Dust

I put down $1,000 today towards my student loans and it got me thinking that I haven’t updated you fine folks on the numbers in a couple of months. Here is where I am at:

As I stated back in March, I was able to get a consolidation (praise!) and my new outstanding loan total that I financed was 43K. As of today, my total balance is around 36K. I have paid off approximately 7K since the beginning of April.

For those of you following me since my first “holy smokes I am in some deep water and am about to drown” realization back in 2010 (73k in the hole), then to my “okay, I am pissed about this debt and I am about to tackle it” phase in 2013 (79K in the hole):

I HAVE PUT DOWN 54 THOUSAND DOLLARS 

IN A MATTER OF 28 MONTHS.

(About 43K being principal, the other 11K being ridiculous interest)

I say this not to brag. I say this to motivate you. I say this to say that If I can, you can. Get mad. Get motivated. Get started!

You don’t have to have a consolidation to win with this. You can tackle this on your own without a consolidation; yes, it may cost you a bit more if your interest is high like mine was, but if that is the case, keep trying to consolidate in the background, but move! move! move! at all times on extra payments. Paying down that smallest debt first needs to be your priority.

All that motivation aside, allow me to get real with you for a moment. There is great joy found in paying down a debt you owe, but there are also the ever present Smith’s, and their besties, the Jones’ – aka, the modern day wants:

My current pain point: I want a new car like bad.

I still have a positive outlook overall on my debt management, especially in comparison to where I was a couple of years ago; however, here lately, it has been really hard to keep driving my Honda. And when I say 'I want a new car like bad', I do indeed mean somewhat used. I have had the same Honda since I was 16, so after driving it for 12 years, I am REAL ready for something different. It has relatively low miles (150K) so I know this thing will last me another year or two, but I just want to trade her in like pronto.

On the contrary, I read a chapter out of 'Total Money Makeover' the other night and there was a line in there that struck a chord. It said something to the effect of how Dave passionately believes that he and his wife were able to win with money due to their willingness to drive old beater cars in the beginning of their makeover. I know this is true because I am projecting to be completely debt free in about 18 or 19 months; again, completely debt free!! However, if I cave and get a new car now, I will most definitely be looking at 30+ months before I would be debt free. That’s 10 or more months of having to stay in the same job that I am not super fond of, that’s 10 more months of ‘edge living’ by delaying the start of a fully funded emergency fund, and the list goes on.

Help reassure this wordy birdy that I can indeed put on my mature pants and WAIT a while before I go purchasing something I know I cannot afford yet. I need not to finance another thing, even if the payments would be completely doable and relatively low. Amen? Amen! 

How to Handle Past Financial Mistakes for Better Future

Nobody is perfect in life as everyone tend to make good or bad decisions. People do good deeds as well as bad deeds in their life as per the situation. We often made some mistakes in their personal life related to personal relations and finance. Somehow you can easily manage to cope up with other mistakes but financial wrong doings are quite difficult to fix up. We all made fiscal mistakes that have profound effect on the future and to realize them and to correct them should be your important goal.

At some point you spend beyond your income, save less that leads to your biggest financial mistake that has to be fixed at once. Proper planning, self-discipline and a perfect execution are the best keys to correct the fiscal mistakes for the better of the future.

Proper education about the financial mistakes you commit is necessary matter to take further steps in correcting them that ultimately shape up the future. What you can do is, to realize the mistakes and take steps to fix them up.

Here are some of the common monetary mistakes that most people do in the past that can be analyzed, corrected for the betterment of the future: 

No Emergency Funds for the Future

Earlier people had the habit to make use of monthly income to the fullest with not saving even a single dime for emergency circumstances that can crop in the future. As per the past 2013 report, about 75% of Americans did not have enough cash reserved for the future. The main reason was of thinking having low source of income or paying all the debts at one go.

Fixing up this issue is quite important that demands you to save at least 20% of your income by minimizing the expenditures after creating a balanced budget.

Getting into High Interest Debt

Most people made the decision to go for any loan that can be like Disability Loans – Same Day Loans For Disabled - Loans For People On DSS Benefits, title loan or any other just throw the money down into drain. This makes their future goes into jeopardy with not having any savings as major part of the income goes into debt settlement.

Getting relief from this fiscal hardship is possible if you work on the issues that lead to financial borrowing from externals source of finance.

Worst Career Mistakes

Many people think feel bored or disgusted about the current employment with least chances of growth and no scope for getting a raise. This seems to have a direct connection with your wrong career choice in the past as a result for which your financial future is cloudy.

Instead of thinking of doing mistake in the past, it is better to do the right thing by improving work at present to acquire favorable financial gains.

Start Implementing the Saving Plan

Thinking about financial mistakes of not saving enough money, to control overspending and not actually executing these plans into action is itself a financial mistake. So, you better to act from now onwards to minimum the budget, control the expenses and save more.

Here Are Some Great News for People Who Are Disabled

It is a bitter truth but people who suffer with any kind of disability are usually barred to take any financial help from the lenders. Because they do not have access to a regular income, so their requirements become a high risk for the lenders.

After much of thought and realization the lenders have now come out with a special loan that caters to such unique needs of the disabled people.

Loans for people on disability benefits are one such offering that specifically meets the financial demands of the disabled. By applying these loans, they get instant cash support without any hassle.

The lenders offer them the privilege of accessing a small loan for their needs. When you apply these loans you can free your worries about any pledging. These loans are free of any such obligatory clauses.

The lenders only require proof of the governmental disability benefits that you receive on a monthly basis. Based on that, the lenders approve your loan.

Loans for people on disability benefits bring a good amount of relief for all those individuals who worry about their crippled financials like negative credit ratings or suffer with defaults, insolvency or bankruptcy.

Since the lenders do not perform any kind of verification, so you get assured of qualifying these loans and also save a lot of time.

So how and where you can find these small cash aid? Most of the borrowers worry about their frequent visits to the lenders site or aimlessly waiting for the results.

The lenders offer you the benefit of accessing these finances 24/7 so that you can secure yourself of your financial needs right on time as and when they arise. If you worry about paying those high charges like application or processing fee you can set yourself at ease.

You can easily request for quotes from multiple lenders and judge the best one that offers you competitive benefits. Once you decide upon a lender you can fill an online application form available on their site. As soon as your loan gets approved, you may choose to receive your loan amount as a direct deposit into your bank account.

Adjusting the Sails (Living with Intention)

Moving forward, I am going to aim at an overall tone of positivity for this blog as well as its accompanying Twitter account. Instead of pointing my finger at ole’ Aunt Sallie, I will try and point my finger towards meaningful things that bring hope and have a chance at making an impact in the lives of those who read this blog.

Make no mistake, I am not agreeing that the repayment system is no longer unfair and stepping down from the fight; that is not the case. However, now that I myself am out of the deep waters and can begin to see land, I will lock in my line of sight straight towards home. Straight towards home INTENTIONALLY and with a POSITIVE attitude by my side. Looking back to where I was, I think I found great comfort in searching for and joining the online team of ‘Sallie Mae haters’; there was a common level of understanding within that community. I think what I really needed to know, aside from the fact that there were other people aboard, was that intentional living and positive motivation on a constant basis would be the extra power that would steer my boat safely towards shore.

It is easy to have hate in your heart. It is easy to point the blame. It is easy to get overwhelmed. You have to decide to make the switch into beast mode and challenge the peanut butter and ramen noodles out of yourself. And beast mode is indeed what it takes. Thankfully, I have found the Dave Ramsey theory to be very relatable, and that is the reason I have stuck with it; you may not find any hope or inspiration in his words, and if that is the case, I encourage you to seek out other financial advisers/approaches until you find one that motivates you.

My hope is that this blog can now serve a community of people who have chosen to live an intentional life of positivity all for the purpose of getting their boat to shore. I for one know that I was completely fed up with sitting out in the middle of the ocean with a bunch of other motionless boats just waiting in anticipation for the next storm. Something clicked and I realized I had to be the captain of my own boat and do something DIFFERENT if I had any chance of getting to shore. My love for those still remaining motionless out in the ocean runs deep; to them I send out this blog as an SOS received in hopes that they too can implement the necessary steps to have their compasses point them home.  

I don't plan to delete any of my previous postings as it helps for me to read about my darkest days so that I have a reminder of just how far I have come. I know this struggle has made me a stronger and much wiser person. Believe me when I say I am not to shore yet, (I still need about 40K more to get me there) but the fact that I can see land is something I will never take for granted. Since intentionally staying focused and trying my best to think in a positive manner has gotten me this far, I am going to stick with it. My hope is that you do as well; because when you do, that also helps me to do the same. Together we can get to shore; besides, what fun is it going to be if I get to shore and am the only survivor?

Stay positive. WE GOT THIS.

"It's not only moving that creates new starting points. Sometimes all it takes is a subtle shift in perspective, an opening of the mind, an intentional pause and reset, or a new route to start to see new options and new possibilities."
― Kristin Armstrong

“Impact is never about knowing all the steps ahead, but about taking one intentional step after the other.” 
― Bidemi Mark-Mordi

“Empowerment is the intentional absence of negativity.” 
― Stephanie Lennox