The Dangers of Defaulting on A Payday Loan

Payday loans are great alternatives to credit cards when you have a low credit score and can’t get access to conventional credit cards. You don’t have to deal with a long application and you usually get approved in minutes. You don’t have to wait to get your money which is a big help if you have an emergency. In most cases, you get the money you need the next business day.

These loans are very easy to get, and you don’t have to go through a credit check which makes them perfect for people with bad credit. Your credit isn’t an issue with a payday loan as the loans are based on your income. The size of the loan that you can receive is going to depend on how much money you make, and you are going to need a job to get approved for the loan.

The downside of a payday loan is that the interest rate is often a lot higher than what you would get with a credit card. These loans are designed to be paid back when you get paid since the interest rate is so high. Unfortunately, many people don’t do research on the lenders to find the best interest rates and they also take a long time to pay the loan back and then find that they can’t make the payments.

Defaulting on a payday loan has many negative consequences. The first thing that happens is that your loan gets sold to a collection agency and the collections account is going to go on your credit report where it is going to completely destroy your credit score. If you have a low score you are not going to be able to get any type of loan and you are going to have to pay extra for your car insurance. You will have a hard time getting a cell phone and you might have to put down deposits on your utilities. Bad credit can even ruin your chances of getting the job that you want.

The collection agency is going to make your life miserable. They are going to call day and night and they will also call you at work and even harass your neighbors and your family. The collector isn’t going to leave you alone until you set up a payment arrangement. Each day your account is going to be accumulating interest that is going to make the balance of the loan explode. A loan that is a few hundred dollars could easily grow to thousands of dollars in a short time.

If you don’t make payment arrangements, the collection agency is likely to take you to court.
Since many people don’t show up to court when they are being sued, you are likely to lose the case and the collection agency is going to get a judgement for their client. Once the lender has the judgement they can go after your assets and they can also garnish your wages.

Having your wages garnished can leave you without the money you need to pay for your expenses and your wages could be garnished for a very long time. Your quality of life is going to be ruined and you are going to have financial difficulties for a long time. Even worse, you are going to be paying a lot of money for interest since your account is going to keep accumulating interest until you pay it off. You might never be able to pay it off, so if you have defaulted on a payday loan you might want to consider bankruptcy so you can wipe the slate clean.

Payday Rocks

Payday Rocks is one of the fastest growing payday loan services in the US. If you have bad credit that isn't a problem. Payday Rocks checks through many lenders to find the best loan to fit your needs. Over 90% of applications are successful.

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Where Can You Get Cash Loans Without a Job?

This article is sponsored by Cash On Your Mobile

If you are on a low income but you need some money for something urgent (medical bills, a broken down appliance, or a broken vehicle), then you will find that it is very hard to access credit. Most lenders will only give money to people if they know that the person is going to be able to pay the loan back in a timely fashion. If you don’t have a job, then you’re not going to be able to pay your loan back! It’s as simple as that. At least in their eyes.

girl with credit card looking on laptopThere are some lenders that understand that even unemployed people have income – perhaps from retirement, or from health insurance policies, or even just unemployment payments. If you have minimal outgoings and are smart with your money, then you should be able to pay back the loan.

You’ll find it easier to borrow money if your credit rating is generally OK. But, if your credit rating is poor you might still be able to access some credit. There are payday lenders that will give cash loans to anyone who can prove (with things like bank statements) that they are able to pay back what they have borrowed.

These lenders will give you cash straight into your bank account within an hour of application. They charge high interest rates, and they are only intended for short term borrowing of relatively small amounts of money, but they offer an invaluable service.

You will find that if you go to a payday loan company and discuss your options with them, you will be able to borrow for something that has an important use – such as to repair your car so you can go to job interviews. You might struggle to borrow for birthday presents or for a holiday – because many lenders are cautious about discretionary borrowing from people who have poor credit – but you do have options.

Another thing that you can do if you have no job, but some income, is find a guarantor who will sign off on a loan application for you. This must be someone who trusts you and who is willing to financially link themselves to you. The guarantor will pay your loan back if you default. There are many lenders that will consider guarantor loans, and they will credit check both you and the person who is acting as a guarantor for you.

Finally, try credit unions. These are friendly local banking organisations that will be more receptive towards lending money to people in the area they operate in – especially if those people are already customers of the union with some savings. Credit unions are the best option, really, because they usually offer fairly generous interest rates compared to private lenders. They will also be more willing to work with you if you end up in financial difficulties and struggle to pay back the loan – but you should not count on this. Only borrow what you need, and can pay back.

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Woman Home ShoppingGiven an opportunity to shop 24/7 right from home, would you brush it off? Obviously not! Shopping is fun and shopping while just sitting on your living room couch is super fun. The home shopping concept comes with the provision of allowing people to browse millions of different products without ever going to the market.  Home shopping is the industry of various shopping channels that include a number of e-commerce and television based companies: eBay, homeshop18, Jabong, HSN,, Online, and more. Home shopping is of three types: ordering via telephone by acknowledging advertisements on TV, periodicals, or radio, telephone or mail ordering from catalogs, and online shopping.

How was the online shopping concept created?

The concept was initiated in 1977, when Bob Circosta, the host of a small market radio show, offered Bud Paxon, the media executive, 112 avocado-green-coloured can openers as a payment to compensate his advertising bills.

Furniture Store Shopping

Bud Paxson went to the air to announce that he would sell the opener to any person who would come to the station with cash in hand. He sold 112 openers within one hour which was totally unexpected. Paxson understood the potential of home-based commerce sales and set off the idea of direct-to-the-consumer. He originated the world’s first shopping channel on cable television, later establishing the Home Shopping Network all over the nation. Bob Circosta is the first host of the very first home shopping channel. Highly recognized as a salesman, Circosta sold for next three decades, over 75,000 products on HSN, meshed over 20,000 hours of living, TV selling on-air and gained one billion dollars on personal products. The electronic retailing industry became the leading competitor to the retail industry. HSN and QVC were the two most successful shopping channels who generated a lot of 10 billion dollars every year.

In 1994, computer journalist of Wall Street Jeff Bezos established as an online bookstore. But later, Amazon became the provider of computer software, video games, electronics, apparel and more.

Advantages of home shopping

  1. Shopping With Credit CardThe generation of today is overloaded with work pressure. Market shopping has become a tedious work for them. Neither they have time nor patience to go to market and buy. Home shopping makes this task easier. It is no more needed to move out to market for shopping. Simply sit back in the couch after work, browse some million items, click your choice and get it right near your doorstep.
  2. Home shopping offers some 100000+ products. Be it apparel, home decor accessories, footwear, baby products, or kitchen appliances, almost anything and everything is available in the e-commerce websites.
  3. It is budget-friendly. Online shopping is cheaper than market shopping. The different online shopping sites provide an awe-inspiring range. It is affordable for anyone.
  4. The delivery concept is again very good. The online shopping sites give two options of payment- online cash payment and offline cash payment. The online cash payment is done through debit or credit card. And offline payment is the cash on delivery.

Hilton Head Island Activities and Festivals

Hilton Head Island, South Carolina, is one of the best places to visit and to take a vacation. However, you should consider planning vacation activities on Hilton Head Island before you arrive. With that said, below are a few activities you can do on the island.

1. Cycling – The perfect place to go cycling is on Hilton Head Island, which is home to more than 60 miles of trails that you can cycle on, and you can easily get around from one place to another on a bicycle. Also, you don’t have to bring your own bike or buy a bike because there are thousands of bicycles for rent. However, you are free to bring your own bicycles to the island. So if you enjoy cycling, then make sure you plan on doing it when you arrive in Hilton Head.

Man and woman kayaking on Hilton Head Island2. Beaches – One of the best things to do while in Hilton Head is to visit the beach. In fact, you have a number of beaches to go to, and there are more than 12 miles of beaches on the island. You can take part in various activities such as playing in the dunes, relaxing, sun tanning, swimming or just going for a long walk. Furthermore, it’s worth mentioning that many people consider the beaches in Hilton Head to be some of the best in the state and country, so if you love the beach, then make sure to visit the beaches of Hilton Head Island.

3. Golf – Golfing is a fun activity for the entire family. Hilton Head Island offers plenty of opportunities for golfing enthusiasts. If you enjoy playing a game of golf, and you love being surrounded by amazing scenery, or if you want to teach your kids how to play or if your entire family enjoys golf, then make sure you put time aside on your vacation to get on the links. If you visit Hilton Head Plantation, you can play the award-winning Oyster Reef Golf Course Country Club or a semi-private 18-hole golf course designed by Rees Jones. Also popular is Bear Creek Golf Course.

4. Dolphin Watching – Do you enjoy being out in the boat and are you fascinated by dolphins? If so, then you will want to go dolphin watching, which you can easily do because there are a number of businesses that operate dolphin watching cruises. You and your entire family will love being out on the waters of Hilton Head and you will love having the chance to spot dolphins in their natural habitats, so make sure you book a dolphin watching cruise if you’re planning a trip to Hilton Head Island.

5. Kayaking- If you and your family are looking for adventure, then try kayaking. The island offers you the chance to kayak and take in the surrounding area. Don’t worry about bringing your own kayak because you can rent them throughout the island.

6. Museums- When the time comes to plan what activities you and your family will do on Hilton Head Island, you will want to make sure visiting the museums on the island is on the list. Some of the best museums in the state can be found on the island, and you will learn a lot about South Carolina. And let’s not forget to mention that there are interactive museums that allow you to get hands-on, and museums that showcase the history of the local area. You will have a lot of fun while learning about the area’s rich history.

Those are only a few vacation activities you can do while in Hilton Head. Make sure you take part in the above activities, but also plan on doing other things. With that said, all you have to do now is book your trip to Hilton Head Island and start enjoying all that it has to offer.