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Payday Loans Definitions, Terms and Acronyms:
  • Borrower - someone who receives something (e.g., loaned money) on the promise to return it or its equivalent to the lender.
  • Loan - a temporary transfer to a duty or place away from a regular job.
  • Common payday loan scenario - borrower seeks a payday loan for $100 for up to 14 days, and writes a post-dated personal check for $115. Payday lender holds the check (without cashing it) until borrower's next payday. At that time, the borrower can redeem the check by paying $115 in cash, or can refinance (roll-over) the check by paying a fee to extend the loan for another two weeks. If the payday loan is not refinanced by the borrower, the lender deposits the borrower's original check for $115 ($100 + $15 interest).


If All Things Are Possible, Why Cant I Balance My Checkbook?


For me, the most terrible time of each month is the day our bank statement comes. We commonly call it BSS (Bank Statement Syndrome).

Simple Ways to Save Money


Things are so expensive these days. We seem to be hearing, and saying, that a lot lately at the gas pump, in the grocery store and especially when paying bills.

Personal Finance - Why You Should Compare, not Despair


Sorting out your personal finances can be a tricky and exasperating time. Whether you are looking to obtain money through a loan, protect your finances with life insurance, medical, travel or car insurance, save some money through an individual savings account (ISA), apply for a credit card or a mortgage, change a telephone or fuel utility supplier, or simply decide what the best current account is for your needs, the choices are seemingly endless as well as being extremely complicated.

How to Obtain a Non ChexSystems Bank Account Without Being Scammed


Predatory lending exists in the mortgage industry. It's typically when a mortgage broker add's on unnecessary fee's to a bad credit application, because he or she knows that the applicant is in a desperate situation.

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