June 18th, 2009 by sugig

When searching for a payday loan company online to get a cash advance through, there are a few factors you will want to compare with each lender to make sure you are getting the best loan for your situation.

Here are a list of 6 factors that will help you in comparing each payday loan lender.

1.What are the fees? Fees online can range from $10 - $30 or more per $100 loaned. There is a lender online that has no fees for your first loan. (To see this lender, click on the link below). Find out before you sign, what the fees are per week, per $100 loaned.

2.How long will it take to get the money deposited into your account? If you are really in a hurry, it could mean all the difference in the world if the cash is not deposited into your account on the next business day, but instead, 2 business days later. There are a few payday loan companies that will wire the money into your bank account within 1 hour from your approval time. Find these details out ahead of time.

3.Are there any hidden fees, like application fees or anything else? Find out if there are any extra fees if you need to extend the loan. Weigh this factor when calculating the cost of getting the loan.

4.How much can you borrow? Most payday loan companies will loan up to $500. Some will loan up to $1000. Then, there are some that will max out at $2-300. If you have already gone through the loan application process and been approved, it could be a real pain to find out that you can’t borrow as much as you need to.

5.What are the minimum income and verification requirements? Compare the requirements for the loan on the website of the payday loan or cash advance loan company. This will save you time when applying. You will then know ahead of time whether or not you are likely to be approved

6.Is it necessary to fax in documents to be approved for the loan? Sometimes it can be more convenient if you don’t have to fax in any documents to prove your income or bank information. Sometimes the cash advance loan company can verify this information by phone instead of having to verify it by fax. Find out how the company will need to verify your income.

June 7th, 2009 by sugig

Providing insurance that covers the driver, regardless of the vehicle they drive, only makes good sense. In typical insurance, a person buys insurance on a particular car. Then, should something happen to that car, they have protection. But what if they are driving another person’s car? What if they have an accident in that car or commit a crime in it? Should the owner of the car have responsibility for what the other driver did?

Some might say yes, and in some circumstances I would agree, but insuring the person allows us all to know we have coverage, even when we drive someone else’s vehicle. If a person could insure him/herself, they would have the freedom to drive whatever vehicle they wanted (license assumed) and know they have coverage for accidents or other problems that come up.

I’ve often wondered why we don’t do it this way. It is possible it will cost more money, but the rates should still be based on how good a driver you are. If a person has a safe driving record, the person shouldn’t be a high risk for the company and they should pass on the savings to you. For the high risk drivers, sorry, but it’s going to be expensive no matter what.

Having the person insured instead of the vehicle offers the freedom of worrying about other drivers getting covered on your policy; you would only need to make sure they had their own “drivers” insurance. A smart person would always know the person he or she allows to drive their car, the type of insurance they have and their driving record. Insuring the person is not a license to do whatever you want.

From the insurer’s perspective, costs will factor in. Insurance on a vehicle limits them to liability on said vehicle and nothing else. Insuring a person would give them coverage whether driving an old beater or a brand new Corvette. Taking personal responsibility into account, insurers would need to adjust rates according to a person’s driving record and place limits on those who have proven irresponsible in this area.

That works with vehicle insurance when bad drivers can’t get insured without paying huge premiums, regardless of the type of vehicle this person drives. The only big problem I can see is the cost of the car we drive, but insurance pays out even if you drive a cheap car and hit an expensive one, so adjustments could be made.

I would like to be secure that I’m always covered. Even more, I would like to be secure that others are also covered. I’d like to know that allowing someone to borrow my car will not land me in hot water. I’d like to know that I am covered whenever I drive and whatever I drive. That’s why insurance for the driver and not the vehicle gets my vote.