Don’t Be a Sucker, Don’t Pay Into Usury. Be Sucker Free.
Usury is the practice of having or charging notoriously high interest, costs and fees attached to borrowing money. Federal and local governments try to protect consumers from the worst of the worst when it comes to such practices, but it’s usually after whatever company has already made a really good run and ripped off many people along the way. In the most conspicuous ways it can be seen in credit card rates, car loan rates, housing loan rates, (sure you’ve heard enough about the housing crisis to feel like an expert on the subject) and short term loans. Short term loans and fast cash payday loans probably being the most economically damaging of the bunch. Still, there’s the hidden usurious tactics, yes hidden, such as the 22% fee on money transfers and so on. Then there’s interest and fees on money that already belongs to you, instead of gaining or receiving interest, secondary financial companies are charging you for your own money. I know, crAzy RiGht? What kind of Sucker pays to get his or her own money. Be “Sucker Free”, don’t work for your money and then pay for your own money.
Fast Cash for the cashless, that hopefully can’t pay it back.
This week’s episode highlights the downside of going after fast cash offers from payday lenders. Fast Cash offers have lured many in with the hopes of taking care of small urgent or even emergency events. However, fast cash payday lenders have been cited for their Nefarious predatory lending practices in many states, so much so that they have been banned. More and more states around the country are focusing on getting rid of fast cash payday lenders and now the federal government has targeted them as well with new guidelines. Consider options to getting fast cash in a hurry without potentially paying 400% and burning your bank account to the ground in the process.
5 Reasons Why You Should Lease and 5 Reasons You Should Buy
Maybe lease today and maybe buy tomorrow. The idea is that it really depends on your needs or circumstances, and as we all know, both variables change from time to time. Lease options have come a good long way to reach the everyday leisure driving consumer. For that matter, so have creative financing offers that go up to seven years now. First you have to figure out which kind of driver and consumer you are. Do you need to own your car and do what you want however you want and whenever to your heart’s content or are you cool how the car is already set up and primarily use it within the norm about 10k – 15k miles per year? Commuting or just leisure? A tinkerer that likes to hook your car up no matter what with rims, tints and a growling exhaust? Of course there’s an argument to be made either way, measure your needs and choose wisely, it will be a financial decision that may last a few years to come.