Cash Loans – Cash Advances

Your Personal Credit

Because your credit score is used to determine your financing options on just about any major purchase, it’s important the value reflects an accurate number. Errors on your credit report could hurt your chances of qualifying for a loan or force you to pay a higher interest rate than you actually qualify for!

Your credit report contains detailed records of your credit and loan accounts, public records, collection records, employment history, and even your current address. Even the slightest error can have an effect on your personal credit for years to come.

To order a free credit report, visit: AnnualCreditReport.com or call 1-877-322-8228.

To get a payday advance as a resident of Kansas, your loan is  subject to the following:

The maximum amount of money you’re allowed to borrow is $500.

The maximum interest rate is 15%.

The minimum term is 7 days and the maximum term of the loan is 30 days.

Example 1: If the total amount loaned is $100, the most that could be charged is $15.

Example 2: If the total amount loaned is $400, the most that could be charged is $60.

The lender must provide the contract outlining the terms and conditions in both English and Spanish.

A payday lender cannot make you a new loan to repay, refinance, renew, or consolidate an existing loan.

Online payday advance lenders that lend to Kansas residents must be licensed and adhere to Kansas’ loan limits and terms. You can verify the license of a payday lender in Kansas by calling 785-296-2266 or online.

How much money should you save with each paycheck?

Just about any financial advisor will tell you: save, save, save. But, just how much money should you be putting away with each paycheck?

Suze Orman, a financial expert and author, recommends having a savings account with at least six months of living expenses. For example, if your monthly bills (rent, insurance, car payment, credit cards payments, food, cash advance payments, etc) total $2,000 per month, you should have a savings account with at least $12,000.

Obviously, you may not have $12,000 just lying around. For most, saving this kind of money will take several months, maybe even years. If you can, experts advise paying off any outstanding payday advance and putting a minimum of 15% of each paycheck into a savings account and DO NOT TOUCH IT.

Example: Let’s assume you get paid twice a month and your paycheck is $1200 (take home).

Total take-home pay per month: $2,400
Total monthly bills: $2,000
If you put away 15% ($300 per month), you’ll have $12,000 in savings in 3 years, 4 months.
If you put away 20% ($400 per month), you’ll have $12,000 in savings in 2 years, 6 months.

Wondering where to get the cheapest payday loan?

So many payday lenders advertise low interest rates and great deals, but how you know if you’re getting the best deal? How do you tell the difference between one payday loan store from another?

Finding the best payday loan offers is tough. Like finding any good deal, you have to be a smart shopper! Popular belief is that you need to go in-store to make sure you’re getting the best deal. Well, quite the opposite is true. For example, car dealerships aren’t always the cheapest places to get a car. You may be better off buying a car on Craigslist or eBay. The same concept applies with cash loans.

Online cash loan stores work with hundreds of lenders to make sure that you qualify for the highest amount of money at the best available rate.

How to get a personal loan online.