Wednesday, May 25, 2016

How To Get A Loan Without A Bank Account

When it comes to loans, there are many people who have different kinds of questions. These days, there are many people who take financial help from the loans

It’s impossible for them to limit their spending on their wages. We all know that you can easily take a loan if you have a bank account. These types of loans are called unsecured loans. You don’t have to give any kind of security on them. 

The lender will give you money on the behalf of your bank account and unfortunately if you fail to return the loan, they will have the power to get hold of your account and cease them to retrieve their money. 

Is it really possible to get loan without Bank Account

It seems like an unfathomable idea to get a loan without having a prior bank account. At least that is what we have known for the better. 

Surprisingly, that is not the case. It is definitely very hard to get loans without having a bank account. This is because your bank credit deems you worthy of getting a loan or not. This does not mean that you can’t get any loan without having any bank account. 

It’s not mandatory. You still have the chance to get the loans. However, there are some more rules and regulations regarding this whole idea.

Following are the ways to do that:

1. Secure loan:

Secure loan is the type of loan in which you have to give some kind of security for that loan. 

This means that the bank is no longer held responsible in case of any mishap. You have to give your security by yourself and it could be in the form of your property papers or the company’s shares. 

That depends upon the worth of the loan. If you fail to return the loan, lenders will have the right to cease your property and get their money back by selling it.

2. Payday lenders:

Many people live on paychecks to paycheck basis. There is no shame in admitting to that. You can always get a loan from a payday loan if you do not have a bank account. 

Most payday lenders require only that you have some proof of stable income and they provide you loan on the basis of that.

3. Auto loans:

You would think that getting a car loan would require you to have a bank account because you would be taking a loan amount in thousands if not more. 

Well, surprisingly if you have a proof of a stable income, then you can get a Car Title Loan from some banks. The interest rate on such a loan will most probably be much higher and the borrower will have limited options in this whole deal. 

In case of on repayment of loan, the lender can re-claim the car. 

4. Student loan:

Although you do not have a bank account, you can still get a student loan. The interest rate of this loan will be higher than that of the loans which are given to people who have a bank account.

How to Get a Cash Loan And How to Make the Most of it When You Get it!

The fact is that people do need cash loans and they need them quite frequently. Why should this be? 

Well we live in a world where salaries are being pegged back but the cost of living, although not thankfully at record breaking high inflationary terms as in the past, still pushes up. After all when things are tight even a tiny inflationary increase can hurt. 

Then there are the life changing events that hit you out of the blue, that you could not have predicted – an employer contracts his business out of the country, illness strikes a family member – there are many such examples. 

Sometimes you need a small amount just to tide you over a temporary difficulty, sometimes a larger sum for a bigger objective. The question is – who and where do you turn to? Let’s look at a few possibilities.

Obtaining cash from family and friends

This is of course awkward and embarrassing. However if you have a family member, perhaps an uncle or grandfather who was planning to leave you something anyway or was intending to invest and you can offer him a similar rate of interest and be prepared to have a proper loan agreement with agreed payment dates, then it could be possible.

If this isn’t a possibility you are going to face higher interest rates and more restrictive conditions. The really important thing is not to continue the loan any longer than you have to – if you can pay it back within one month that is great.

Unhelpful banks

Now of course you could go to your friendly neighborhood bank and ask them for one of their cash loans. 

But the facts of life are that banks have increasingly less time for small private customers and indeed for small businesses and especially if you have a poor credit record you are more than likely to encounter a juvenile bank employee who will tap for ages into his (or her) computer and then inform you that it’s no go.

Your best bet

If you want to know the easy way to obtain cash loans, you should find out more about car title loans which tick all the boxes for easily obtainable cash loans. 

These cash loans are financed by the unused-up value in a privately owned car and thus anyone who owns a car which isn’t old enough to be in the history books and has the documentation to prove it is well in line to receive one of these cash loans.

The choice of loan is very wide indeed; starting at $2600 and going right up to $20,000. 

You can get a fairly good idea of the amount you will receive for your car by trying out the app on this website which is linked to Kelley’s Blue Book, the authority on second hand car values. 

Once your loan has been pre-approved, nearly all of our customers receive their cash within one hour of making application.

Tuesday, May 24, 2016

Planning for Your Retirement Dream Home

Your retirement dream home should give you the chance to live with easy access to enjoyable amenities, convenient space configurations, and a pleasant climate. 

Unless you're planning a major location change after retirement, the time to customize your retirement space is during your high earning years prior to retirement.

Location Decisions

If you're planning to stay in the same geographic region but would like to downsize, check out walking community concepts. Many of these communities are newly constructed and offer terrific options for people who no longer have to hurry or stick to a rigid schedule. 

Easy access to restaurants and shopping via walking path could provide you with fresh air, exercise, and a leisurely lifestyle. However, if you're planning a relocation to be closer to family, a good realtor is a must. 

Connect with a professional who knows your location preferences and interests. Additionally, now is the time to plan for any physical challenges you may be facing. If you need housing all on one level, or would like to live in a community with a pool or fitness center, your realtor can help you find just the right spot.


Depending on your current expenses, you may not want to take on another mortgage at this time. If your retirement plans include a major geographic change, consider town home or condominium communities, and keep an eye on the market. 

According to the writers at Exit Trinity Realty, foreclosures have decreased dramatically—a sign of a healthy market. Now may be a good time to buy. If you are getting a mortgage, look for something near the national average

Depending on the community by-laws, there may be homes for lease in these communities. Should you find a community that suits your requirements, you may get the chance to sign a long-term lease to secure your new space while you wait for your current home to sell. 

This lease would provide you with a foothold in your new community while you adjust to the move and get settled in your new location. Once your current home sells, you can make a permanent housing choice in your new area. Again, a qualified realtor can provide you with information on condominium communities in your new city.

Staying Put

You may already be in your dream home, and the thought of moving may be the last thing on your mind. With the recent housing crash in 2008, your finances may still be worrisome. 

If you are over 62, consider a reverse mortgage to access the capital you’ve put into your dream home. 

There are many things you can do to make your existing home easier to live in as you age. Is yard work your joy? Invest now in tools that can save you the heaviest labor to keep you feeling good and your yard looking great. 

If laundry is in the basement of your two story home, consider a renovation that would place your washer and dryer near the bedrooms. This reduces the weight and work of carrying laundry up two flights of stairs, and lessens the risk of a fall.

You've earned your retirement. Your living space should make your post-work life enjoyable and relaxing.

Sunday, May 22, 2016

Budgeting Magic: How to Make Your Money Work for You

Let your money work for you. We all have heard this saying, but what does it really mean? And, most importantly, how do we accomplish this? It is common financial advice, but it’s hard to imagine. Let’s take a look at some ways it can become reality. 

Retirement Accounts

Everyone needs to have retirement accounts; it’s never too early to invest in retirement funds. The common options are the 401(k) and individual retirement accounts (IRAs). 

Both of these are invested into the market, and this means there is potential for money growth. If your employer matches, always invest up to their match. Don’t give away free money! 

Normal financial advice states that 15% of your income should be invested into retirement funds. The second choice for the remaining amount of your investment should be either a Roth IRA or an IRA. 

Invest in Real Estate

The real estate market can take a little time to understand. If you are looking to purchase a single family home, take some time to decide what home would work best for you and your family’s needs. 

 Professionals, like those at TitleSmart, know that you should be sure that the cost of buying a home doesn’t require too much of your monthly income. Stay below your budget and invest in a property that can be sold later for maximum profit. There is also the possibility of investing in commercial real estate. 

This branching out opens the possibility of making additional money, but it also can fail. The real estate market fluctuates frequently. 

High Yield Savings Account

Before you begin your journey into investing your money, it is important to have a savings account. Ideally, six months of living expenses should be stored away. Using an insured high yield savings account can generate more value. 

Most normal saving accounts only offer an interest rate around 0.01% whereas a high yield is closer to 1%. There are a variety of banks that offer these accounts. 

Live Within Your Means

Millions of people live their entire lives under the strain of debt. Avoiding debt whenever possible is important; it will cost more in the end due to interest. 

Choosing to live a lifestyle that is within your means allows for maximum investment. This means that later in life, your money will have greatly increased and your future is secured.

Making your money work for you doesn’t require you to be rich or to be a financial wizard. Talking to a financial advisor can start you off on the right direction. Remember to invest and pay yourself first.

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