#Payday loan vs. personal loan

[bhavishyafinancenu]

Payday loan vs. personal loan: How to decide what’s best for you

It can be quite important when one has to make a choice between a payday loan and a personal loan in case of meeting urgent financial needs. Below are brief descriptions that can guide you in making a right decision easily.Payday loans are suitable for emergencies requiring a small amount of money but are expensive and contain future dangers. Large sums of money are granted with more beneficial conditions but, to obtain this money, the borrower needs to have a high credit score and wait longer.

[bhavishyaperformship]

Payday loan vs. personal loan: How to decide what’s best for you

It can be quite important when one has to make a choice between a payday loan and a personal loan in case of meeting urgent financial needs. Below are brief descriptions that can guide you in making a right decision easily. Payday loans are suitable for emergencies requiring a small amount of money but are expensive and contain future dangers. Large sums of money are granted with more beneficial conditions but, to obtain this money, the borrower needs to have a high credit score and wait longer.

[thegreatimpersonator]

Okay in light of all these mental health affecting relationships conversations I feel I can share a bit of the messy friend group story I sent you an ask about last week. It's a decently big group of people, and there's one married couple that has a kid. One party in that marriage is addicted to gambling, and it's so bad that he owes money to a dozen different people and it all totals a large amount. He's had this issue for a while according to other people in this group, and his wife has threatened to leave him before if he continues. He lies to her about borrowing money and taking out payday loans and all that stuff. He asked to borrow money from me, before I knew about his issue. He said he was in a tight spot and needed food for their toddler and I was happy to help. Only to learn he actually used his kid as an excuse to spend money on gambling, which pissed me off. So I talked to a few people in the group and that's how I learned about the gambling history. I said I was gonna tell his wife so they could sort it out and people begged me not to because they were scared it would be her last straw and she'd finally leave. The people closer to him organized a literal intervention, and then he finally fessed up to his wife, promising to stop gambling. Except it seems to have been her last straw indeed, but she's not looking to leave him. She's looking to get back at him by cheating now. And the way I know this is because one of the people at the intervention told me she said so. She said if he can keep making terrible mistakes like that for years now, not trying to improve, he's checked out of the marriage because he doesn't care, so why should she? And she's been looking for someone to sleep with since then. The same person later received explicit texts from her talking about what she wanted to do with this person in bed. She unsent the messages but the person says they saw the messages in their notifications as they arrived before she unsent them. When they asked her about the messages she started apologizing profusely saying it was a lapse in judgement. But this person, who, again, was close enough to the husband to organize an intervention to help their marriage, didn't say a word about the texts to the husband. So how much help do they want to provide is what I'm wondering. When they told me about it I just said to be careful, or they might end up in a situation raising the kid too. I don't think they understood what I was trying to say tbh. I'm not even sure why I know all this personal info about people I'm not close to. I can't go to the husband with hearsay accusing his wife, and I don't know why the person that has the firsthand accounts hasn't done so already tbh.

So yeah I agree with the people saying it's mean to share such personal info with millions of people that will dissect every word. It's weird and off putting at best. It's also why I think she's not talking about Joe and his potential mental health in the song, but it's another song about the label stuff. She was carrying the label to success, to be worth so much in the end, she pulled out new songs and ideas and marketing strategies every time the label was drifting down, she (her albums) was (were) going down with the ship in spite of the quiet resentment because she's was the only one making the label stand out, unlike other labels that have a ton of big stars signed to them. The "how much sad did you think I had in me" and "you sacrificed us to the gods of your bluest days" to me sound like the label was asking her to keep writing breakup songs even when she wanted to write other happy stuff, or explore other stories and ideas, just because they thought they figured out the formula for success. I think it may have been this way ever since she wanted to call Speak Now Enchanted. A heartbreak song vs a song about falling in love. If you'd like (albeit it's controversial) I could write up what I think might be older songs about this stuff later, I have to go work now lol

[seoblog4]

Payday Loans vs. Traditional Loans: What's Best for Halifax Borrowers?

When facing unexpected expenses,instant loan without documents in calgary many Halifax residents find themselves weighing their borrowing options. Two popular choices are payday loans and traditional loans. Understanding the differences, advantages, and disadvantages of each can help you make an informed decision.

What Are Payday Loans?

Payday loans are short-term, high-interest loans designed to cover emergency expenses until your next paycheck. Typically, they are easy to obtain, with minimal requirements, and funds can be available within a day.

Advantages of Payday Loans

Quick Access to Funds: Payday loans can be processed rapidly, making them ideal for urgent financial needs.

Fewer Requirements: Borrowers often need only proof of income and identification, making them accessible to those with poor credit.

No Credit Check: Many payday lenders do not perform extensive credit checks, allowing individuals with bad credit to secure funds.

Disadvantages of Payday Loans

High-Interest Rates: The cost of borrowing is significantly higher compared to traditional loans, often leading to a cycle of debt.

Short Repayment Period: Borrowers typically must repay the loan within a few weeks, which can be challenging for some.

Potential for Debt Cycle: Many borrowers find themselves taking out new loans to pay off old ones, leading to deeper financial issues.

What Are Traditional Loans?

Traditional loans, such as personal loans or bank loans, usually come with lower interest rates and longer repayment terms. They require a more thorough application process and credit checks.

Advantages of Traditional Loans

Lower Interest Rates: These loans generally have lower rates compared to payday loans, making them more affordable.

Longer Repayment Terms: Borrowers have more time to repay the loan, easing financial pressure.

Builds Credit: Successfully repaying a traditional loan can improve your credit score over time.

Disadvantages of Traditional Loans

Lengthier Application Process: Obtaining a traditional loan can take time, often requiring extensive documentation.

Higher Requirements: Lenders typically look for good credit scores and stable income, which can exclude some borrowers.

Less Accessible: Individuals with poor credit or low income may find it challenging to qualify.

Which Is Best for Halifax Borrowers?

The best option depends on your financial situation:

Choose Payday Loans If:

You need immediate funds for an emergency.

You have poor credit and cannot qualify for traditional loans.

You can repay the loan quickly.

Choose Traditional Loans If:

You have a stable income and good credit.

You need a larger sum of money and can handle a longer repayment period.

You want to minimize interest costs and build your credit history.

Halifax borrowers should carefully consider their financial needs and circumstances before choosing between payday loans and traditional loans. While payday loans offer quick access to cash,instant loan without documents in canada they come with high costs and risks of debt. Traditional loans, though more stringent in their requirements, can provide a more sustainable financial solution in the long run. Always assess your ability to repay and explore all options before making a decision.

[maxlendmoney]

Emergency Installment Loans: What You Need to Know

Emergency installment loans are a type of personal loan designed to provide quick financial assistance in urgent situations. At MaxLend, we offer installment loans online, including emergency installment loans. These loans, ranging from $100 to $3,750, can sometimes be funded as soon as the same day.*

To learn more about loans like these, including answers to popular questions such as “What are good reasons to get a personal loan?” continue reading below.

What Is a Closed-End Installment Loan?

A closed-end installment loan refers to a type of loan where the borrowed amount is provided upfront, and the repayment occurs over a set period with fixed monthly payments. Once the borrower receives the loan amount, the agreement is closed. This means they cannot borrow more money from the same loan. With these loans, a specific amount is borrowed, and the repayment schedule is established at the outset.

Good Reasons to Get a Personal Loan

These loans are typically characterized by a few key features, which might be why you opt for a personal loan. We explain some of these characteristics below.

Quick Processing

Loans like these are designed to be processed rapidly, allowing borrowers to access funds quickly. In some cases, funds may be deposited into the borrower’s account on the same day.

Installment Repayment

Unlike payday loans, which usually require full repayment on the next payday, installment loans allow borrowers to repay the borrowed amount over a series of fixed payments. This can make repayment more manageable for borrowers.

Online Application

Many lenders that offer emergency installment loans operate online, allowing borrowers to apply conveniently from their homes. The online application process is often streamlined for efficiency.

Credit History Consideration

While some lenders may perform credit checks, there are also options for installment loans that consider other factors besides credit history. This can be beneficial for individuals with less-than-perfect credit.

Flexibility

You can use an emergency installment loan for various purposes, such as covering medical expenses, car repairs, home repairs, or other unforeseen financial needs. It’s up to you.

Key Difference Between Payday Loan and Installment Loan

The primary difference between a payday loan and an installment loan is the repayment structure. Payday loans typically require the borrower to repay the entire loan amount, along with fees and interest, on their next payday. In contrast, installment loans allow borrowers to repay the loan over a set period in multiple installments.

Installment loans generally have longer terms and may even have lower interest rates than shorter and often higher-cost payday loans. This structure may make installment loans more manageable for borrowers who need to spread payments over time.

What Other Differences Are There? Payday Loan vs. Installment Loan

When you look at installment loans vs. payday loans, you can see these are both types of personal loans. However, they differ in various aspects, including repayment terms, loan amounts, and the overall structure of the loan. Below are some notable differences in payday loans vs. installment loans.

Repayment Structure

Payday Loan: Payday loans are short-term loans designed to be repaid in full on the borrower’s next payday. The repayment is typically a lump sum, including the principal amount plus fees.

Installment Loan: Installment loans have a more extended repayment period. Borrowers make regular, fixed payments (installments) over a specified period, ranging from a few months to several years.

Loan Amounts

Payday Loan: Payday loans may be for small amounts, often a few hundred dollars. The loan amount is typically based on the borrower’s income and repayment ability.

Installment Loan: Installment loans can be for larger amounts, depending on the lender. They are suitable for both small and large expenses.

Interest Rates

Payday Loan: Payday loans often have very high annual percentage rates (APRs), making them an expensive form of borrowing.

Installment Loan: As with payday loans, installment loans may have higher interest rates than traditional loans.

Approval Process

Payday Loan: Payday loans often have a quick approval process with minimal documentation. Lenders may focus more on the borrower’s income and employment status.

Installment Loan: The approval process for installment loans may involve a more comprehensive review of the borrower’s financial situation, including credit history and income.

Cycle of Debt

Payday Loan: Payday loans are associated with a cycle of debt, as borrowers may find it challenging to repay the entire amount on their next payday, leading to refinancing or rollovers.

Installment Loan: Installment loans provide a more structured repayment plan, reducing the risk of a debt cycle.

Can You Have More Than One Installment Loan?

Yes, it’s possible to have more than one installment loan simultaneously. However, securing multiple installment loans depends on various factors, including your creditworthiness, income, and the lender’s policies. It’s crucial to carefully manage multiple loans, considering your financial capacity to meet repayment obligations for each installment loan to avoid potential financial strain. Some lenders, including MaxLend, will not allow borrowers to take out more than one loan at a time.

Insufficient Installment Loan Information

It can be frustrating if you receive insufficient information about your installment loan from your lender. You can, however, take proactive steps to clarify the terms and conditions.

Start by contacting your lender directly and asking for detailed loan information, including interest rates, repayment schedule, fees, and other relevant terms. Ensure that you fully understand the loan agreement before proceeding. If the lender is unable or unwilling to provide the necessary information, consider seeking advice from financial counselors or legal professionals to ensure you make informed decisions.

Remember, transparency and clear communication are crucial when dealing with financial matters, and you have the right to understand the terms of any loan you are considering. If you have any issues with a consumer financial product or service, you can contact the Consumer Financial Protection Bureau, a U.S. government agency.

MaxLend Might Have the Help You Need in an Emergency

It’s essential for borrowers to carefully review the terms and conditions of any loan, including interest rates, fees, and repayment schedules, before agreeing to the loan terms. Additionally, reputable lenders, like MaxLend, provide transparent information about their loan products and work to ensure borrowers clearly understand the borrowing process.

At MaxLend, we are your online installment loan direct lender. We know you might need to pay for many types of emergencies. Whether you have a pet emergency, a house emergency, or any type of emergency, they all have one thing in common. That is: You need help fast. MaxLend offers online unsecured installment loans that might be the emergency help you need.

If you are looking at emergency installment loans and want to apply for an unsecured installment loan, you’ve come to the right place. MaxLend offers cash installment loans online to get you the funding you need fast – sometimes as soon as the same day.* We offer direct online installment loans up to $3,750. You can easily apply online now to find out if you qualify.

To find out how the process for applying for a MaxLend loan works or to read our frequently asked questions, visit our website. You can call us 24 hours a day, 7 days a week, at 877-936-4336. Another benefit that MaxLend offers is when you take out your first loan with us, you become a part of MaxLend Preferred Rewards.

Visit us online or call us today and let us help you. By choosing MaxLend, you empower yourself with a reliable solution for unexpected financial challenges. Apply confidently and efficiently, ensuring your preparedness for whatever nature may bring.

Source:

*Same Day Funding is available on business days where pre-approval, eSignature of the loan agreement and completion of the confirmation call, if a call is required, have occurred by 11:45 a.m. Eastern Time and a customer elects ACH as payment method. Customers who complete this process by 1:30 p.m. Eastern on business days may still receive funds on the same day, but some banks may not disburse the funds until the next business day. Other restrictions may apply. Certain financial institutions do not support same day funded transactions. When Same Day Funding is not available, funding will occur the next business day.

The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for information given. All information should be weighed against your own abilities and circumstances and applied accordingly. It is up to readers to determine if this information is safe and suitable for their own situations.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Nothing in this website is intended to waive or otherwise prejudice MaxLend’s entitlement to these protections. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.

[smallnetbusiness]

Financial Terms You Need to Know Before You Borrow Money Online

While most modern financial institutions do their best to simplify the borrowing process, it can still be a little confusing. Your experience greatly hinges on your existing financial literacy. You need some idea of how online loans work when you first start researching your options. But more importantly, this knowledge needs to follow you to the final negotiations, when you read your loan contract for the last time before you agree to the terms. If you’re like most people, several terms stand out for the wrong reasons—you don’t know what they mean! Don’t sign a financial document and hope they don’t come up. Read this list of definitions first. It will provide a solid foundation of financial literacy as you search for online loans in the future. Principal No, this doesn’t refer to the head teachers who managed your old grade schools. Principal in a financial context refers to the amount you borrow. This is an important number to know, as it determines whether your loan provides enough funds to support your goals. Interest Rate Few lenders will only ever expect you to repay the principal on its own. Most apply interest, which is a percentage of your principal that compounds on a regular schedule, usually daily. Interest rates are considered a normal cost of borrowing. However, they may vary drastically from lender to lender, loan to loan, and borrower to borrower. The higher your interest is, the more your loan will cost at the end of the day. Annual Percentage Rate The annual percentage rate, shortened conveniently to APR, is an important shortcut in calculating the cost of borrowing. That’s because it factors in more than just the interest rate when determining the cost. It also includes other finance charges, such as administrative or origination fees. Truncating all your charges into one percentage makes it easier to compare multiple loans at a time. Amortization This mouthful of a word is related to your term, or the timing of your loan. It refers specifically to the time it will take you to repay your full cost of borrowing. For example, a payday cash advance only gives you until your next payday to do this. The average installment loan, on the other hand, has an amortization period of weeks, months, or even years. If your lender allows you to make additional or early payments, you can use this calculator to see how your extra payments affect what you owe. Secured vs Unsecured You can roughly chop personal loans into two distinct categories: one secured, the other unsecured. Secured financial products are backed by collateral, or a financial asset, that the lender may take as payment if you default. Unsecured financial products don’t require collateral, which means there’s more risk involved for lenders. As a result, you may notice unsecured loans are more expensive than secured alternatives. Grace Period Depending on the type of loan you take out, you might have a grace period. This is a set amount of time following your due date where your lender may accept payments without penalties. While each lender has unique rules, most grace periods last 30 days. After that, your lender may report your late payment to the credit bureaus. These Terms Get You Off to a Good Start While these form a core group of words you should understand inside and out, there may be more terms that cause some confusion. Before you sign your contract, always ask your lender to explain anything you don’t understand. This could help you avoid accepting financing you can’t afford. Read the full article

[india7d]

Personal Loans: Secured, Unsecured, Installment, and More

Exploring the Array of Personal Loans: Secured, Unsecured, Installment, and More

In the realm of personal finance, individuals often find themselves in need of additional funds to fulfill various aspirations and obligations. Personal loans emerge as a versatile financial tool that caters to a diverse range of financial needs. With an array of personal loan options available, understanding the different types is essential for making informed borrowing decisions. This article delves into the various categories of personal loans, including secured and unsecured loans, installment loans, and lines of credit, shedding light on their distinctive features and significance. Secured vs. Unsecured Loans Secured Loans: Secured personal loans are backed by collateral, which is an asset that the borrower pledges to the lender. If the borrower fails to repay the loan, the lender has the right to take possession of the collateral to recover their funds. Common examples of collateral include real estate, vehicles, or other valuable assets. Secured loans generally come with lower interest rates than unsecured loans because the collateral mitigates the lender's risk. This makes secured loans an attractive option for individuals with valuable assets and a desire for lower interest rates. However, there is a significant downside: the risk of losing the collateral if the loan goes unpaid. Unsecured Loans: Unsecured personal loans do not require collateral. Instead, they are approved based on the borrower's creditworthiness, income, and financial history. Since there's no collateral to seize in case of default, unsecured loans typically carry higher interest rates than secured loans. These loans are appealing to those without valuable assets to pledge as collateral or those who wish to avoid risking their assets. Examples of unsecured personal loans include credit card debt, personal lines of credit, and most traditional personal loans. Installment Loans Installment Loans: Installment loans are one of the most common types of personal loans. With these loans, borrowers receive a lump sum upfront and then repay the loan in fixed monthly installments over a set period. Each installment covers a portion of the principal loan amount and the accrued interest. Installment loans offer predictability, as borrowers know the exact amount they need to pay each month. Mortgage loans, auto loans, and personal loans with fixed terms fall under this category. Payday Loans: On the other end of the spectrum are payday loans, which are short-term, high-interest loans designed to bridge the gap between paychecks. Payday loans typically have to be repaid by the borrower's next payday and often come with exorbitant interest rates. They are considered risky due to their high cost and potential to trap borrowers in cycles of debt. Lines of Credit Personal Lines of Credit: A personal line of credit is a revolving credit account that allows borrowers to access funds up to a predetermined credit limit. Similar to a credit card, a line of credit can be used for various purposes, from covering unexpected expenses to financing projects. Borrowers only pay interest on the amount they've used, and as they repay, the funds become available again. Personal lines of credit provide flexibility and are ideal for individuals who require intermittent access to funds without having to apply for a new loan each time. Debt Consolidation Loans Debt Consolidation Loans: Debt consolidation loans serve the purpose of simplifying one's financial life by combining multiple debts into a single loan. This can include credit card debts, medical bills, or other outstanding loans. By consolidating debts, borrowers can potentially secure a lower interest rate and manage their payments more efficiently. Debt consolidation loans offer the advantage of streamlining debt repayment, but borrowers must exercise caution to avoid accumulating more debt after consolidation. Student Loans Student Loans: Student loans are specifically designed to help individuals fund their education expenses, such as tuition, books, and living costs. These loans can be federal or private, with varying interest rates and repayment terms. Federal student loans often offer more flexible repayment options and borrower protections compared to private loans. Student loans provide the opportunity to invest in education, but borrowers must consider their post-graduation financial situation and ability to repay. Significance of Understanding Loan Types Understanding the various types of personal loans is crucial for making informed financial decisions that align with one's goals and circumstances. Each type of loan has its own advantages and potential drawbacks, so borrowers should carefully evaluate their options before committing to any loan agreement. Consider the following when navigating personal loans: Financial Goals: Different types of loans serve different purposes. Consider your financial goals and the specific needs you're trying to address before choosing a loan type. Repayment Capacity: Analyze your ability to repay the loan comfortably. High-interest loans can lead to financial strain if not managed effectively. Collateral and Risk: Secured loans carry the risk of losing collateral in case of default, while unsecured loans come with higher interest rates. Evaluate the trade-offs between risk and potential benefits. Credit History: Your credit history plays a significant role in the interest rate you'll receive. Aim to maintain a strong credit score to access better loan terms. Conclusion The diverse landscape of personal loans offers a range of solutions tailored to individual financial needs. Whether you're seeking a loan with collateral, an unsecured option, a fixed repayment structure, or access to a credit line, understanding the various types of personal loans is essential for making wise borrowing decisions. Each type of loan comes with its own advantages and considerations, and borrowers must carefully evaluate their financial situation, goals, and repayment capacity before committing to any loan arrangement. By comprehending the nuances of different loan types, individuals can leverage personal loans effectively to achieve their financial objectives while maintaining a solid foundation of fiscal responsibility. Read the full article

[josephleine]

Licensed moneylender is a good option for personal loans

Singapore Money Lender vs. Bank

A licensed lender makes it easier and faster to obtain a short-term loan than a bank. Following a visit to the moneylender, the procedure begins with the completion of an application form, and the credit risk determines the interest rates offered.

Singapore Money Lenders guarantee that all loans are completed in the shortest time possible. A borrower with good credit is more likely to get the loan quickly, but the process is generally quick and easy regardless of the customer's situation.

Banks take longer to approve loans because the administration closely monitors the process. Another aspect of the procedure is the loan amount, but the procedure is applicable to various types of loans. When you need cash, a licensed moneylender is a good option for personal loans.

If you have bad credit, a low income, or are otherwise unable to obtain a personal loan from a bank, you should consider a loan from a Singapore Money Lender rather than a payday lender. Because licensed money lenders target customers who have been turned down by banks, they have distinct characteristics that cater to the needs of a different group of customers. The main distinction is the borrowers' risk profile. Banks are inaccessible to people who make less than $20,000 and do not have a credible credit history because they focus on people with credible credit histories backed up by stable income. Licensed money lenders, on the other hand, specialize in lending to the latter group of people. This significant difference has ramifications.

For example, licensed money lenders typically make small loans of up to S$1,500. Payday loans for people earning less than $20,000 per year are likely to lend 24% less than your monthly paycheck, limiting the amount you can borrow to around S$1,200. Because money lenders are much smaller organizations than banks, they cannot afford to take the risk of making a large loan to someone with a poor credit history. Banks, on the other hand, can lend you 2-6x your monthly salary up to $200,000, but only to borrowers with stable income.

Furthermore, the small size of licensed money lenders allows them to make loans quickly. Occasionally, within an hour, if not sooner. While bank personal loans in Singapore are already competitive and efficient, as they are made available to borrowers within 24 hours of application, such speed pales in comparison to the agility with which licensed money lenders can operate.

Last but not least, the interest rates charged by these lenders differ significantly. While bank rates typically range from 5% to 7% per year (and up to 25% for credit card debt), licensed money lenders can charge 30-50% per year. If you still require a loan from a licensed moneylender, we recommend Lendela, an online marketplace.

Smaller loans are typically made by licensed moneylenders. One reason for this is that the businesses are frequently small and serve specific regional financial needs. Because of the strict approval rules, the bank borrowing procedure can be tiresome and burdensome.

People in need of quick cash can turn to licensed lenders for assistance. The loan can be used to cover unexpected bills or emergencies. Customers who do not have enough savings to cover these costs or who require smaller amounts can turn to a moneylender. However, for larger purchases, such as mortgages, a bank is preferable.

[kwikcash1]

The Ultimate Difference Between Payday Personal Loans | KwikCash

You’ve been there before. Something just happened that requires you to spend hundreds of dollars (if not thousands), but there’s not enough money in your bank account. To make matters even worse, your paycheck isn’t arriving for another two weeks.

Visit Us: - https://kwikcash1.bookmark.com/

[welcometotheravenclawcommonroom]

Payday loans are some of the biggest discrepancies I’ve seen of how products are marketed vs who they’re actually targeting and it’s a very deliberate and insidious choice.

Think about the people who you see on payday loan commercials- middle class white people with office jobs, blithely taking out loans for things they don’t immediately need with no fear of not being able to pay them back. These aren’t even the people who use payday loans; they’re people who never have to, because they don’t get denied for credit cards or legitimate loans based on discriminatory bullshit.

Vs the people who actually use them- poor, desperate people (usually minorities) working long long hours at incredibly demanding jobs (often more than one) like retail and food service for starvation wages, who can’t get approved for credit cards and whose rent is due before the next paycheck hits.

The very marked difference between the people in the ads and the target demographic is pretty unique in advertising (unless it’s to advertise predatory financial institutions), but for things like payday loans it’s pretty imperative to actually sell the product. Because in America, white people with office jobs and nice homes choosing something is pretty fucking emblematic of that thing being comfortable and low-risk. If the ads depicted the situations that payday loans are actually used in, it’d be pretty fucking clear even to the uninitiated that these are a predatory product being marketed to the desperate, and the person who was thinking about taking one would probably say “let’s just hold off on that until I see how much I can get for my kidney.”

[dirtyfilthy]

abstract intellectual understanding vs gut punch realisation

One of the things I like about reading poetry  is that you get glimpses into highly idiosyncratic lives and minds of the writers. Of course that’s a pale horse compared to actually living it yourself.

No incident in my life has brought this as sharply into focus and more vividly than being at my friends house for a small party. Eventually my friend went to bed and it’s was just me and another guy both high on MDMA. I’m having a chill night, enjoying the music, having a few good long chats / deep and meaningfuls, as you tend to do on MDMA. 

Then this guy propositioned me. This isn’t a huge issue, I tend to be.. haha... sexually omnivorous, even if I am romantically straight. In other circumstances  I could have just as easily said yes  Him making a pass wasn’t at all a big deal for me. But yeah I wasn’t feeling at all sexual right then, and maybe it was the drugs or maybe it’s that I’m just not into it or maybe it was something as simple as my spiritual chakras being out of cosmic alignment that night but the point is it doesn’t matter because...

... regardless, “No Means No” right? Well this guy would not take no for an answer. Kept saying: “come on man, it’ll be fun”, but the fun-factor or lack-there-of was completely irrelevant, I simply didn’t want to have sex with them. 

He kept asking and asking, and things began to cross the border from surreal to fucking creepy. It felt like that strategy little kids use when they keep asking for chocolate over and over until the mother finally cracks up and shouts  down at that vicious little goblin who is relentlessly pulling on her petticoats “Oh for chrissakes Michael yes i’ll get you the goddamn chocolate bar if you’d just SHUT-THE-FUCK-UP for a moment!”.

It felt like he was wearing me thin using this blueprint of repetition and asking whhhhhy? constantly, picking at the seams of my personal boundaries until eventually I’d agree to fuck simply to get this ordeal over and done with.

Eventually I had to tell the guy straight up that this was fucking creepy, he should stop asking and it really getting on my nerves.

And then it hit me, this is what women must go through all the damn time. Some of my women friends had already told me about this exact scenario, being pestered and pestered for sex, over and over and over.  And you think, ah ok, that sucks but oh well, just how bad can it be? Maybe the guy thinks “what’s the issue here? I’d love to be pestered for sex!” Before this, I understood the problem only in an abstract way, as people who have never starved might understand an overseas famine in a far off land. Afterwards it was as if I did not simply understand what a prison cell was, but had spent some time on the inside of one closely examining the texture of its walls.

I was kinda surprised at the intensity of emotions it brought up in me.

I can tell you it certainly felt really gross and degrading. Made me feel almost like a human fleshlight. I never felt ”physically unsafe” or at  risk of being raped or anything. But the whole situation was just so deeply uncomfortable and also seemed grotesquely coercive in this insidious way that relies on no overt intimidation or application of physical force. A useful lesson I feel  in that consent alone does not necessary imply a lack of coercion. Payday loans aren’t rendered any the less predatory by claiming that people “freely” signed the contract at 11% interest a week -- because their car needed. new battery and they couldn’t get to work without it and they desperately needed to keep that job.

[maxlendmoney]

About Cash Loans

When you have unexpected emergencies causing unforeseen expenses, you might be wondering how you will be able to pay for these expenses. Cash loans, or short-term personal installment loans, can help by allowing you to borrow the money you need now and pay it back over time. You might wonder, “How does a cash loan work?” or “What are cash loans good for?” or even, “How to get a cash loan?” Here are answers to some common questions about cash loans, including cash installment loans online.

How Does a Cash Loan Work?

Cash loans, specifically direct online installment loans, are easy to apply for at MaxLend. All you need to do is submit a loan application online. If you are approved and take the loan, the funding gets deposited into your bank account, sometimes as early as same day.* These are unsecured loans, meaning that no collateral is necessary.

In general, lenders may consider your outstanding debts, income, and your credit score and history when determining whether you’re eligible for a cash loan. When you’re approved for an unsecured installment loan, the lender will let you know the payment schedule, so you know when to pay the loan back.

What Are Cash Loans Good For?

There are many reasons you might consider taking out a cash loan. You might be remodeling your home, or maybe you just moved and have some associated moving costs. You could need new kitchen appliances. If you need emergency funding for unexpected expenses, such as for veterinary bills or car repairs, cash installment loans can also be used for these expenses and more. At MaxLend, the application doesn’t ask what the loan will be used for.

Though you must always use loans responsibly, you are the only person who knows what your bills are and how much you can afford to borrow. Some expenses are unavoidable, and if you don’t have the funding available, direct installment loans or cash loans are a great way to take control of your bills.

How to Get a Cash Loan

It’s quick and easy to find out if you’re eligible for a quick cash loan with MaxLend. Just apply online.

First, you’ll need to decide how much money you would like to borrow. Then you’ll provide personal information such as your name, address, and birthdate. You will also be asked about your main source of income and for information about your checking account. Having this information handy makes it easier to apply. The process is quick and easy and you typically know right away if you’re conditionally approved – and for how much. To finalize your unsecured installment loan, you’ll need to review & eSign your loan documents and you also may need to have a confirmation call with Customer Service.

Contact Us Today

If you have more questions about cash loans or how you might qualify, check out MaxLend’s Frequently Asked Questions. At MaxLend, we also have Customer Service representatives available to help you 24/7. Just call us anytime at 877-936-4336 with questions or for help applying.

Source:

*Same Day Funding is available on business days where pre-approval, eSignature of the loan agreement and completion of the confirmation call, if a call is required, have occurred by 11:45 a.m. Eastern Time and a customer elects ACH as payment method. Customers who complete this process by 1:30 p.m. Eastern on business days may still receive funds on the same day, but some banks may not disburse the funds until the next business day. Other restrictions may apply. Certain financial institutions do not support same day funded transactions. When Same Day Funding is not available, funding will occur the next business day.

The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for the information given. All information should be weighed against your own abilities and circumstances and applied accordingly. It is up to readers to determine if this information is safe and suitable for their own situations.

MaxLend, is a sovereign enterprise, an economic development arm, and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Nothing in this website is intended to waive or otherwise prejudice MaxLend’s entitlement to these protections. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to the use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue the use of this website.

[jyleshay]

September 2021 - The Broken Ladder

This month I read The Broken Ladder: How Inequality Affects the Way We Think, Live, and Die - by Keith Payne. Payne is a social psychologist who presents a great deal of statistical evidence and studies for us to use in the discussion about inequality in America. His arguments are well-researched, persuasive, and also nuanced. I've picked out a few highlights that I found particularly interesting.

- A 2014 study asked people from across the political spectrum how much more a CEO should make than their average worker. People from the right and the left agreed (without knowing it) that a CEO should ideally be paid about 4 to 5 times more than their average worker. They also thought that, on average, CEOs in the United States actually make 30 times more than their average worker. The perception of inequality in America is clearly there, from both sides of the political spectrum. In reality, the average CEO made 350 times more than their average worker in America in 2012 (it's probably higher now).

- For developed countries, higher average income does not correlate to better health and social wellness among their citizens. Countries and states with greater levels of income inequality have higher rates of serious health problems, mental illness, and crime, as well as lower life expectancies.

- Inequality leads to increased feelings of insecurity and triggers physical stress reactions in the body. The lower on the social ladder a person falls, the greater the physical reaction marked by inflammation and higher levels of stress hormones. The author's research indicates that it's not poverty in and of itself that causes these negative effects; it's a person's perception of where they stand in relation to others in society. Feeling poor matters--not just being poor. And when people feel poor, they make decisions differently than when they don't.

- Inequality affects our behavior, and differences in behavior can magnify inequality. People are less likely to make the economically advantageous choice when they feel poorer than the people around them. They are more willing to take increased risks like buying lottery tickets, taking out payday loans, or dealing drugs, in an attempt to escape the feelings of poverty and the stress that it brings. A person's actual income is not as predictive of this behavior as much as their income relative to others around them. Several fascinating studies that are referenced in this book show even temporary inequality leads to riskier behavior in the participants. Our brain is constantly comparing our situation to the others around us and subconsciously telling us to adapt.

We still need to take a nuanced approach to the outcomes of inequality. Why don't more people achieve escape velocity from their negative situations? America is one of the richest countries in the world, there is opportunity here. It isn't just nature (character flaws) or nurture (environment) that determines outcomes. Both have an effect and work together. We have an incredible capacity as humans to adapt to our environments and part of that environment is our relative standing to others. Where are we on the ladder? If a person realizes that they have much less than those around them, they will think differently and act differently.

Inequality has to exist to some extent, in smaller amounts it provides motivation to achieve success and incentivizes hard work and other positive behaviors. However, the rungs of the social ladder have to be close enough together that one can climb upwards without taking insane risks. When evaluating what fundamental ideologies we should follow regarding wealth and poverty, government and politics, economics and society; this book's assertions should be thoughtfully considered.

In current events...

Texas has banned abortions after 6 weeks without any exceptions for rape, incest etc. It feels like this happened months ago, but it went into effect in September! This is really important as the law goes directly against precedent set in the 7-2 Supreme Court decision on the case of Roe vs. Wade in 1973. Texas has avoided the law being struck down immediately by having enforcement of the bill come from private citizens; most people have heard about the $10,000 bounty that citizens will be paid for suing anyone involved in an abortion after 6 weeks.

The bounty provision is pretty crazy but this law is bad for everyone because it undermines the Supreme Court's ability to protect constitutional rights from scheming legislators. Regardless of where you stand morally on abortion, if you support this bill you are supporting your rights established by the Constitution and the Bill of Rights to be toyed with by any party that comes into power. This new law directly undermines and negates the previously established right to privacy and body autonomy for women that was established in Roe vs. Wade.

Anti-abortion advocates will argue that this right for a woman should not apply when another person's life is at stake. That is an argument that we need to consider, however, the Court has done so already, hence their rulings, which we collectively accept in most every scenario, outside of a woman's right to an abortion of course. Take the following example:

Let's say that a person is dying and the only way to treat them is to get a donation of bone marrow. You are the only match as a donor. If you don't donate the bone marrow, the sick person will die. No matter who the person is that you'd be saving, you have the right to choose whether or not you wish to donate. You cannot be forced by the government to donate your blood or bone because you have that right to privacy and body autonomy. Regardless of your reasons, you can choose not donate and the sick person will die. We can argue that you are morally wrong, but you are within your rights to control what is inside of your body. The same principle applies to a woman during pregnancy.

I am not advocating for late stage abortions without cause, and Roe vs. Wade does not protect the right to an abortion at any stage of pregnancy for any reason. The Supreme Court case of Planned Parenthood vs. Casey established fetal viability as that limiting factor, which is certainly much later than 6 weeks. You can make arguments for when that viability occurs, but it's nowhere near when Texas lawmakers are saying it is. Anyone arguing that a 6 week fetus has the same rights as a person is not arguing in good faith.

Consider another hypothetical: You find yourself in a fertility clinic. The clinic is on fire. As the building burns, you see in a room there is a station that has 100 viable fetuses that are in the process of development. You could rush in and grab them and carry them out of the building. Across the hall, however, you see a 4 year-old child crying, trapped behind fallen debris. As the building burns, you know you only have time to grab one and carry them to safety. Which do you save? Anyone who says they'd save the fetuses is lying to you.

The Texas bill is bad for the rule of law in America and should be struck down. Unfortunately, it looks like it will succeed in what it set out to do.

Favorites:

Favorite Series: Squid Game - This show connects well to the theme this month of inequality and the behaviors that it can cause. However, viewer beware, this show is dark and violent. I don't recommend it lightly, in fact I thought about quitting this show before it was over. I did finish it though. Its story and characters cut to the core questions of humanity and morality; even though it was an uncomfortable journey I'm glad I watched it through.

Favorite Movie: Shang-Chi and the Legend of the Ten Rings - Surprise surprise, Marvel made another good movie.

Honorable Mentions:

Music: Cold Heart - PNAU Remix - Elton John, Dua Lipa, PNAU

Podcast: A Righteous Strike - The Daily

Podcast: We're on the Precipice of a Post-Roe World - The Ezra Klein Show

Video: 9/21/21 - Demi Adejuyigbe

Let's have a very spooky October, thanks for reading.

[popwasabi]

“The Other Guys” wants cops to go after the real criminals

Before director/writer Adam McKay pivoted into populist screed’s against capitalism and political corruption in films like “Vice” and “The Big Short” he was largely known as one of the many “dumb comedy” directors working in Hollywood.

In fact, with major productions such as “Anchorman,” “Talladega Nights,” and “Step Brothers” he could almost be billed as THE dumb comedy director or certainly THE Will Ferrell director at least.

(To a certain extent, THE John C. Reilly director too.)

Those movies are certainly divisive amongst some filmgoers, as you either fall into the “turn your brain off and laugh” category or the “this is pure nonsense” crowd. I’m somewhat in the middle on all of it but one McKay/Ferrell vehicle provided a bridge between the “dumb comedy” years and his more serious satires of American politics and that movie was 2010’s “The Other Guys.”

Billed as just another parody of buddy cop flicks, “The Other Guys” is a comedy that still holds up pretty well by today’s standards. Mark Wahlberg in many ways plays an unhinged caricature of every tough guy persona he has ever played in detective Hoitz and perhaps more brilliantly Ferrell, as detective Gamble, is allowed to be the straight man of the duo for change, finding humor in a more subdued performance. Together they form a kinetic duo that play hilariously well off each other in a film that is rarely dull from start to finish.

(Flawless logic here in the famous Tuna vs Lion debate)

“The Other Guys” takes some decent shots at the violent nature of cop culture from excessive police overreach in the film’s hilarious opening scene to cops’ shoot first ask questions later approach with detective Hoitz backstory involving shooting Dereck Jeter during game 7 of the World Series. In between more typical Ferrell comedy flare involving hot wives and ex-wives, hobo sexy orgies, and TLC references there’s a lot of pointed, tongue-in-cheek humor at the police that one can find great humor in.

It’s a descent satire of the cop movie and the culture around law enforcement on this alone but McKay’s real target isn’t the police so much as it is who the police aren’t going after.

(For the record, peacocks and cops, for that matter, don’t fly.)

2008 probably feels like eons ago to many of you at this point but it was the year I personally came of age. I had graduated high school, The Lakers were good again, “The Dark Knight” and “Iron Man” had just come out, I had hopes and dreams as I entered college at San Jose State and oh…the Great Recession had just started!

I’m not going to go into extreme detail here but our economy had it’s worse collapse since the Great Depression caused by the subprime mortgage crisis due to vast widespread failures in financial regulation, breakdowns in corporate governance, vast trading and over borrowing, housing bubbles bursting, and heads of businesses just vastly ill-equipped to handle their hubris in that moment.

Major businesses and banks were on the verge of collapsing and then at the last minute the US government passed a $700 billion, with a capital B, bailout to put them all back in the green.

Corporations like Bank of America, Citi Group, Morgan Stanley etc received between $10-$25 billion each for their struggles and were able to stay alive in the country’s ever worsening state. This was great, except 2.6 million average working-class people lost their jobs during this period, including my father.

By the way, a guy like Joseph Casano, an executive at AIG, got a $34 million bonus for helping lead companies such as his into the recession.

This is McKay’s real target in “The Other Guys.” The satirical cop humor is largely window dressing to draw audiences in to the theaters so that he can show all of them who the real criminals of this country are.

As the plot of the story starts to kick into full gear the more obvious culprits of a typical Hollywood cop movie are dismissed. Though Hoitz is convinced it’s more the usual cop movie style villains of “sex and drug traffickers” at first, Gamble slowly pieces together a plot of dastardly insider trading. What it ends up being is that the bad guy is really just a doofus hedge fund manager named David Ershon played comically by Steve Coogan who made one too many bad investments to bad people.

Ershon has put his people and the people he owes money to deeper into the red, not at all unlike the wealthy CEOs and bankers who messed up the country during the 2008 recession, and it has led him to take desperate action to get everyone’s money back. Ershon, of course, tries to get Hoitz and Gamble off his tale by bribing them in a variety of hilarious ways (one of the funnier sequences of the film) but eventually gets caught up with the SEC and those who prosecute white collar crime (who are unsurprisingly also in bed with the people he owes money to).

(Somehow, I don’t think this is far off from reality...)

Hoitz and Gamble continue on the case but find that taking on white collar crime is…complicated to say the least but most importantly ineffectual as detailed in this scene.

(Again, probably not far off from reality...)

The 2008 recession, wiped out millions of jobs, with rural parts of the country getting hit the hardest and in many ways still feeling the effects today. If you were a POC you were even more unlikely to not recover from the crash. Property values plummeted, student high education success rates dropped, opiod overdoses from “unemployment deaths” and many more awful things happened during this period of great economic distress.

And what happened to the folks largely responsible for causing this mess? They got a fat fucking payday and a dismissive finger wag largely by our own government.

“The Other Guys,” more or less, ends the same way. Despite putting away Ershon, the company he was swindling, who gambled their people’s money, was still bailed out by the US government. A real “happy ending” that is played as a dark, matter of fact, joke before the credits roll.

(Again, we laugh but how far off from reality is this really?...)

I graduated from college in 2013, tens of thousands in debt from student loans and trying to navigate a largely bereft job market where wages had largely not changed in as many years. In 2008 average rent cost about $850 a month, by 2013 it was $953, today in 2020 it’s $1,097. The average entry level salary (for a clerical/ office professional) between 2008 and 2018 went from $46,886 to $45,882 showing a decrease in value.

In 2008 the richest man in the world, Warren Buffet, was worth $64 billion. The richest man in 2020, Jeff Bezos, is worth $200 billion.

If the fact that Jeff Bezos is worth more than some countries on this planet doesn’t make you infuriated alone I don’t know what will.

Btw Buffet’s net worth increased as well to $79 billion himself, in case you think it’s “unfair” to compare him to Bezos.

Sometimes I think the reason people aren’t angrier about this worldwide is 1) a bunch of us think we are all one hard working day away from being filthy fucking rich ourselves, one of the many great lies of capitalism and 2) many of us don’t actually know just how big a BILLION dollars is, so here let me help you all out:

With COVID in 2020 we’re seeing it all happen again, just as it did in 2008. Record unemployment rates, small businesses closing, evictions skyrocketing because no one can pay rent and all we got for it was a $1,200 band-aid (assuming you did get yours). Meanwhile billionaire slugs like Bezos and Elon Musk saw their net worth rise sharply during this period, hell even the fucking Lakers got a $4.6 million dollar “small business” loan (though they did return it…only after getting caught…).

The highest sum of cash ever stolen from a bank was $18.1 million (equivalent to roughly $30.1 million now) in 1997. These are the people cops and other “loose cannons” in popular actions movies are usually running up against. If you think stealing $30.1 million is a lot of money worth sending the cops over then $700 billion of our own tax dollars given to people who ruined the lives of millions of Americans should make you fucking furious. The only real difference here is one was made legal by our own elected government.

Adam McKay’s “The Other Guys” may be on its surface just another “dumb comedy” that mostly satirizes cops, but its villains are very real and unfortunately as American as apple pie. Under capitalism our labor only continues to get devalued every year (even the skilled positions), while the richest 1% of the human race only get fatter with their wealth. Things are only getting more expensive and the working man is getting priced out of more and more daily luxuries and even essentials. This way of life is not sustainable, especially for our environment which these dragons continue to plunder, and eventually we will need to actually hold our overlords accountable for letting it get this far.

If we don’t, they will continue to steal every penny in our pocket and bleed us dry until the next disposable drone can fill our place. If law enforcement won’t take this on, sooner or later we might have to…

Remember, pimps don’t cry...

[gojohnmikeblog-blog]

Personal loan vs cash advance

There is always a requirement for cash so you'll probably assert that anytime is that the best time to require fast personal loans or payday loans. An advance may be a good option. Some people may check out this financial product as a blessing in disguise but there are more who feel otherwise. 

For beginners, an advance may be a service or product provided by financial firms for people that need fast personal loans. In other words, it's like taking cash credit from a minor financial organization or a bank. once you take an advance, it's like borrowing money for a limited period, usually only a couple of days. there's no need for collateral, but often, you'd be asked to issue a check bearing the principal of the loan plus the accrued interest and dated on a specified term of the loan.

[writingdotcoffee]

#69: All I Want for Christmas...

Oh, god, not that Mariah Carey song again!

Welcome to another Writing Update—a weekly journal where I document the ups and downs of my writing life. I spent most of this week reading like a madman, trying to catch up with my goal of 50 books read in 2018. Two weeks to go, five books to read. It should be fine.

The annual insanity of Christmas shopping peaked this weekend, but the chances of getting run over by a sleep-deprived delivery driver, working 20-hour shifts on a minimum wage, will remain high throughout all of next week. Be careful out there!

I like Christmas, don’t get me wrong, and I buy presents too. But the frenzy with which people raid the shops at this time of the year in pursuit of some televised holiday perfection never ceases to surprise me. I had to go to the supermarket over the weekend. Frankly, it’s a miracle that I got out there alive.

People take out payday loans to buy the latest fashionable gadgets and overload their trolleys with food of questionable quality, half of which they’ll end up throwing away. We aren’t bad or stupid, but the carefully optimised retail industry is too hard to resist. Emotions run high, and peer pressure is real.

As writers, we have an opportunity to counteract this enormous marketing machine with stories that celebrate the true value of the holidays. Like O. Henry did in The Gift of the Magi, we can show how absurd things can get. Through our fiction, we can demonstrate that it doesn’t matter what you give or get as long as it’s heartfelt, and that excess isn’t mandatory. After all, Christmas, like stories, are about human connection.

We may not have as much manpower as all those retail conglomerates and department stores working around the clock to make people buy things they don’t need. Fortunately, the truth is on our side. Stories have much more power than TV commercials or Instagram ads. We just need to use it.

One day, Santa will ditch the Coke truck and go back to his sleigh.

What I Am Reading

I thought that I would be reading Killing Floor by Lee Child, but I heard J. Thorn and Zac Bohannon mention The Martian on one of the recent episodes of their podcast and realised that I haven’t read it yet. I made it jump the queue and am reading that instead.

Am I the only one who finds Andy Weir’s writing style very similar to Ernest Kline in Ready Player One? Anyway, I’m enjoying it. When I finish it, I would like to pick up a book about writing again, but I still need to decide what that will be.

Short Stories

I also read these short stories last week:

Hollow by Breece D'J Pancake

The Things that Make Me Weak and Strange Get Engineered Away by Cory Doctorow

The Sisters by James Joyce

An Encounter by James Joyce

The Vigilante by John Steinbeck

Snake by John Steinbeck

Araby by James Joyce

Want more?

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Past Editions

#68: Getting Overwhelmed, December 2018

#67: Time vs Energy, December 2018

#66: Finished the Second Draft of My Novel, November 2018

#65: Never Stop Writing at the End of a Chapter, November 2018

#64: The Problem With Writing Books, November 2018