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Is a payday loan right for my personal situation?

May be you have already heard about payday loans because these financial instruments are advertised as a quick and simple way to get emergency cash if you are in a financial crisis. You may have also read that payday loans can become an additional cycle of unsecured debt. So what decision will you make whether getting a payday loan is a good solution or not? We’ll try to help you consider main pros of payday loans. Payday loans can help you meet your financial needs if you are temporarily in need of extra cash. Your paycheck is normally planned for your monthly budget, but you can have unexpected expenses which may include important bills. A payday loan can help cover these extra expenditures. If rent or other necessities take up most of your salary, a payday loan will not be a great solution to your financial situation. If you will not be able to repay the loan amount with lender’s fees on your pay date you can face even larger penalty charges, so seriously consider other available options. Can you offer an alternative to a payday loan? If you have bad credit history, you may think like your options are very limited, but you still have some choices for getting the cash you need. Cash advances on credit cards have much lower interest rates than payday loans. The average interest rate (APR) on cash advances on credit cards is not more than 30%, compared to about 470% APR for a payday loan. But you can’t be approved for a credit card cash advance if you have poor credit history. Meanwhile, there are a lot of credit card companies at the market specializing in cards for consumers with bad credit history, and getting a card from then is much easier than you even imagine. Debt settlement agencies will help you work out a schedule to pay your creditors back over a certain period of time. They can help reduce late fees and even reduce the amount of your outstanding unsecured debt. This can help you get out of personal financial crisis and allow you to pay your debt amount out during a manageable period. If you do decide to get a payday loan it will be better for you to look for the lowest interest rates among several online payday loan providers. Lenders always compete for potential customers, so you may find a provider willing to offer lower payday loan charges. For more information click: payday loans 

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The Life Insurance Store

The Life Insurance Store From the kitchen table to cyberspace

Gone are the days of foot in the door, unwanted phone calls, or unsolicited mailings. Now all you need to do is sit back, enjoy, and review from the comfort of your own home or office various proposals from some of the top life insurance companies in America.

Mortgage CancellationInsurance

Mortgage Cancellation Insurance pays off the house in the event of untimely death. It can also be used to pay the house off early and can be combined with DISABILITY INCOME insurance to pay your house note if you are hurt or sick and cannot work. The combination of disability income and term insurance is not as cheap as straight term insurance. If you choose this product, expect a slightly higher rate or a rate that looks like a whole life policy.

To provide you with an accurate quote, we need your mortgage loan balance, interest rate , date you began your mortgage and years remaining.

Term Insurance

Our inventory of term insurance products is quite high at the moment. You will be quoted with over 1400 life insurance companies; from which you will receive 3 to 5 quotes. All our companies are rated A+ by the insurance rating company A.M. Best. Our minimum is $50,000.

Advantage: Cost and simplicity

Disadvantage: You rent the coverage and never own it.

An accurate should be based on your current needs. If you already have a term policy, it would help if you include that information. Please don't waste our time if you are an idle shopper.

Variable Universal Life Insurance

When we initially offered this in the Life Insurance Store, most of our colleagues said it was too sophisticated and detailed to offer through the Internet. After offering this product during the first quarter of this year, we agree. For that reason, and also for the fact that we are not set up to make calls on a national basis to someone who is just looking for numbers, we are now ONLY quoting for California.

Variable Universal Life Insurance is a rather safe investment plan that combines life insurance with mutual funds. We represent most of the major companies offering this product. This plan will require snail mail, email, and telephone interviews. A VUL also requires a budget. It is an investment in a group of mutual funds wrapped into life insurance; therefore we need to know what you can reasonably afford to invest each month. We cannot consider any amounts less than $100.

We will give you the costs associated with the plan and the sub-account details.

A VUL can be used in a variety of ways:

Emergency Funds or Cash Reserve

Educational Needs

Retirement Income

Provide for dependents in case of death

Mortgage Protection

Tax-deferred Accumulation

Tax-free Transfers Among Investments

Payroll Deduction Contributions

This is a Securities product and therefore subject to NASD regulations. Past performance is no indication of future earnings. We must provide you with a prospectus.

Universal

Life Insurance

This is an excellent plan for an individual who is looking for life insurance and wants a flexible premium that allows someone to do either of the following:

Drop a little more into from time to time or

Completely stop making payments after a while and convert to a paid up plan or

Buy as much life insurance that the cash accumulated will buy.

You see the subtle difference here - it is flexibility. The return on a Universal Life Plan is not as high as a VUL. Generally the return is about 6 or 7%. Unlike a VUL, the investment is either into real estate, loans to banks, or put into bonds. You can take out all the money without collapsing the plan. In a VUL, you borrow all but 10% to receive the tax benefits of the funds you have accumulated.

For more information click:  Life Insurance