CASH 1 Blog - News

CASH 1 knows money. We've been a financial institution for over 20 years. Read our blog to learn ways to manage your debt, loans and personal finances.

When You Should Use a Crisis Loan
  • 4 MIN READ|
  • 0 Comment |
  • 93 |
  • by Joseph Priebe|
  • August 22, 2019 |
  • Loans

What is a crisis loan?

Many people find themselves in the position of needing a loan for a financial crisis. Dealing with financial emergencies is relatively common, especially considering more than half of all US households have no savings and live paycheck to paycheck.

We all wish emergencies would not happen to us, and we all make resolutions to build an emergency fund and put some money aside for a "rainy day". However, how often does it happen? How often are we faced with unforeseen circumstances, yet also find ourselves without the necessary cash to cover the costs of those circumstances? You know the answer; too often.

What Is a Crisis Loan for Bad Credit?

People with a bad credit score tend to experience times when they need an infusion of cash, many people are unsure of what constitutes a "crisis", and we all tend to define an emergency with differing opinions on why such times would constitute a "crisis".

Hopefully, we can help with that; not to change your mind or opinion on what a crisis is, but rather help you decide on a personal loan and determining whether or not you need one. Here's an excellent guide to help you come to terms with what you may be dealing with, and how you should go about solving your problem, especially if a short-term loan might be the solution.

Chances are you instinctively know what it takes to endure a crisis in your life, and you have a plan on how to potentially deal with it. A crisis is difficult to define in concrete terms, but as someone famous once said: "I can't define what art is, but I know it when I see it".

Again, these are not definitions, and CASH 1 is NOT telling you that you need to take out a emergency payday loan to deal with some of these problems, we're just giving you examples of what many people would agree constitutes an emergency. So, let's get started:

Crisis Loans for Medical Issues

Medical issues are an all too common situation we face throughout our lives. But sometimes a medical necessity might not constitute an urgent need. Hopefully, you have insurance to cover such costs, but when it comes to paying the deductible or being without insurance altogether, you might have to decide if what you're dealing with is a crisis, or something manageable that you can get to later.

Let us be clear: if you have a medical emergency, find yourself in a great deal of pain or discomfort, or otherwise are experiencing an emergency, DO NOT hesitate to dial 911 and get yourself the medical treatment you need. Don't worry about the costs of an ambulance or an emergency room visit if you are sure that you are suffering from an emergency medical condition. Get to the hospital as soon as you can, and by any means necessary, and deal with the financial issues later.

Remember: you can never be refused urgent medical care in the United States if you don't have insurance or a means to pay your medical bills. But let's take a hypothetical example of a non-emergent medical issue and perhaps you'll see what we mean in terms of medical problems.

A man (we'll call him "Joe") is diagnosed with high blood pressure because he is overweight. His doctor tells him he can either lose weight with the likelihood that his condition will improve, or he can take a medication to control the blood pressure. Joe asks about the medicine and finds out it costs much more than he can afford. However, what he CAN afford to do is exercise and change his diet.

So that's what Joe does, and saves himself from an added financial burden by using natural solutions to his problem. Always ask your doctor if there are means other than medication to help you with a condition if possible. In some cases, doctors are prohibited from giving you information if you don't ask for it because insurance plans will not allow it, or because of similar circumstances.

On the other side of this coin is the possibility that a close relative needs a medication he or she cannot afford. Someone who wants to help this person might consider a cash loan or using a credit card to help pay for the expenses. Doing so is entirely the decision of the individual who wants to help their relative, and any decision to do so should always be backed up with sound reasoning and research into the situation, including knowing how to get emergency loans.

Crisis Loans to Cover Pet Bills

Pet medical bills are a trickier question. Most of us would gladly take out a loan to pay for a life-saving procedure for our beloved pets, but it's best to have all the necessary information. For instance, if the process does save a pet's life, how much longer will that pet live, and what will its quality of life be?

Some folks have to face up to the fact that a pet has grown old and might be better served being put to sleep. But if the pet is young and the procedure will extend its life, then a crisis loan on the same day might be the answer.

Crisis Loans on the Same Day for Auto Repair

Transportation is always an issue, especially if you commute to work. If your car breaks down, then what are your alternatives? Can you carpool? Is public transportation an option? If so, what are the costs compared to the costs of repairing your vehicle?

If you need your car fixed and none of those mentioned above options are available, then auto repair financing with no credit check might be your best bet in this situation. Make sure you research the interest rates, know the repayment terms of the loan, and can make the monthly payments before taking out a crisis loan.

Hopefully, we've been able to show you through the use of example what you might or might not define as a crisis in your life, and whether or not you would need to utilize a crisis loan if the need arises. CASH 1 hopes you never have to face an emergency in your lifetime, but chances are you will. Just know we'll be there to find the right loan program if possible.

How to Get Rid of Fleas on Cats
  • 3 MIN READ|
  • 0 Comment |
  • 152 |
  • by Joseph Priebe|
  • August 16, 2019 |
  • Lifestyle

sad cat with fleas

Fleas happen - especially when you have pets. Those tiny suckers feed off the blood of their hosts and can cause flu and various diseases if left unattended. While they’re more common on dogs, cats can also get fleas. At the first sign of an infestation in your cat, you will need to deal with the problem immediately.

How to Tell If Your Cat Has Fleas?

There are common signs when your cat has fleas. Checking their skin can be the first way of figuring it out. However, you can tell if your cat has fleas through the following symptoms:

  • Black particulate on skin
  • Biting themselves
  • Fur loss
  • Scratching
  • Redness

How to Get Rid of Fleas on Your Cat?

Fleas on your feline can be tricky to eradicate. Most animal owners tend to experience a dilemma upon finding out that their beloved animals have fleas.

Fortunately, there are several remedies and products that you can use. For more information regarding the best products used for getting rid of fleas on cats, you can check out this review.

Cat scratching fleas outside

To get rid of fleas on your cat, you’d want to follow these five simple methods

1. Give your cat a good bath

Start removing fleas on your cat by giving them a good bath. Wash away the fleas with a shampoo that’s specially formulated for cats and has a low concentration of oil.

Stay away from products with a high concentration of oil as they can be dangerous to your cat. You can also try a solution made of apple cider vinegar as an alternative.

2. Vacuum your house

Frequent vacuuming can help get rid of fleas present in your home. It will also allow you to remove the dirt and unnecessary dust. Don’t forget to vacuum spots where your cats tend to hang out most of the time. Don’t forget to check the cat beds, furniture, and blankets as these are places where fleas always lounge.

3. Keep your cats inside

Cats can benefit from going outside, though it can also be the reason for gaining fleas. Your cats may also be exposed to dirt and dust that fleas like. Of course, a little sunshine and air are good for your pets. Therefore, you want to set a schedule wherein things would be more natural for you and your cat when to go outside.

To prevent flea invasion in your house, remove your shoes first before going inside. This will help prevent dirt from outside to enter your own home.

4. Comb away the fleas

If you want to make sure there are no fleas on your cat, use a flea comb. If humans have a special comb to get lice, animals also have one to get rid of fleas. Don’t forget to comb thoroughly and slowly! You don’t want your cat to get hurt after all.

To better comb away fleas, wet the comb with soapy water. It will add a pleasant smell and remove the fleas more effectively. To be sure, add this on your weekly routine of taking good care of your cat’s hygiene.

5. Use a spray

As mentioned above, killing fleas can be painless when you use the right products. By using such products, you can easily get rid of any fleas on your house. After cleaning your room, especially the floor, use an anti-flea spray.

Ideally, you have to use it if no one is around to prevent other humans and your pet at risk of contamination. Make sure to read the instructions which are indicated in the bottle or manual before using.

Cat scratching fleas outside

Conclusion

By following these five easy ways of getting rid of fleas on your cats, you can ensure a flea-free pet and household. Don’t let all those pesky suckers get to your cat’s skin and bring diseases to your house.

Keep in mind that some precautions and instructions must be followed carefully, especially when chemicals are involved. You don’t want to risk exposing your cats and family to chemicals which are present in an anti-flea spray.

How to Get Cash Advances Even If You Have Bad Credit
  • 8 MIN READ|
  • 0 Comment |
  • 497 |
  • by Joseph Priebe|
  • July 28, 2019 |
  • Loans

Get money from cash advance loans with bad credit

A cash advance for bad credit can mean various types of loan options. When your FICO credit score is bad and traditional banks turn you away, a cash advance can help you get the funds you need when a fast influx of money is required. Read on to learn your bad credit personal loan options and choose which loan is right for you.

Cash Advance Loan Options

There are three primary cash advance loan options available:

  • Cash advance loans – these involve a short-term loan that can be obtained online or in the store. This option is usually associated with a higher APR than a traditional loan with a good credit history.
  • Credit card cash advance – this option is available for individuals with an existing credit card. For a credit card cash advance, the borrower will have to pay a certain percentage or flat fee as the cash advance fee. Just like in the case of a cash advance loan, the fees and rates of a credit card cash advance are often high too.
  • Employer cash advance – not all employers offer cash advances to their employees and keep in mind that they are not obligated to do so. Unlike like the other types of cash advances, an employer cash advance is not a loan. The money you get is yours, and it's taken from your paycheck.

What is a cash advance loan?

A cash advance is a form of short-term loan that provides quick and easy relief to your financial crisis. This service is usually offered by online lenders, banks, and non-traditional lenders.

Also, credit card issuers provide cash advances to their existing customers. Although this loan option is known to have quick funding and a high approval rate, the fact that you can get a cash advance with poor credit is a significant perk that draws many borrowers.

How do I get a cash advance loan online?

If you're applying for a cash advance online, the process involved is straightforward:

  1. Find a lender that offers the best interest rates and payment plan
  2. Get the necessary documents and information that the lender requires
  3. Submit your application from the comfort of your home or office

You'll get a response on the status of your application within a few minutes or hours from the lender. If your application is approved, you may be able to get the money on the same day or the next business day depending on the policy of your lender.

It's worthwhile noting that some loan companies do not allow borrowers to apply online, so you may have to visit their offices to receive your cash advance.

What are the requirements for a cash advance?

A cash advance loan is available for everybody that is above the age of 18

Active members of the Military cannot apply for cash advance or payday loans

You will need proof of income. You can show a paystub or Supplemental Security Income

You will need a government-issued I.D

You will need to verify that you have an open checking bank account

When should you use cash advances?

  • Many people who move from one location to another need a loan to cover their moving expenses
  • Someone who needs financial assistance to take care of some medical expenses
  • An individual who needs a rental vehicle for transportation after their car is involved in an accident
  • A parent who needs money to pay for an unexpected school expense
  • A family that can't afford a high utility bill to avoid shut-off

Case Study: Angela's Rent Problem

Angela used a cash advance for bad credit to get cash

Angela's roommate unexpectedly moved out right before the rent was due. She knows she doesn't have the money to cover all the $1,200 rent for another two weeks. Her landlord charges 10% of the rent for a late fee after 10 days.

Her credit isn't great, and she doesn't have any friends or family to lend her money. Because a cash advance loan can be approved on the same day, Angela borrows $200 to cover her rent and pays it on time to avoid the $120 late fee.

Angela adjusts her budget before her next paycheck and pays off her loan in two weeks for $236, which includes the interest and the loan principal.

Credit Card Cash Advance

What is a credit card cash advance?

If you have a credit card, you can use it to borrow money. Credit card companies offer this type of loan at a higher interest rate than when you use your card for a purchase. There are usually fees associated with credit card advances as well.

How do credit card cash advances work?

You can use your credit card to withdraw money if you go to an ATM or your nearest bank location.

The money you use from a credit card cash advance will show up on your bill the same way as a purchase would. The difference between this type of advance and using your debit card is that the cash you received is a loan from your credit card company. Remember that you're responsible for paying it back.

Keep in mind that the longer you take to pay off your credit card cash advance, you'll pay more interest on that loan. Most credit card companies have no grace period, and the interest starts accumulating the day you withdraw the cash. You'll be charged a higher interest rate than if you made a purchase with your credit card. 

How much are these credit card cash advance fees?

Most credit card companies charge a fee up to five percent of the amount you get from a credit card cash advance. If you borrow $100, then you'll pay up to $5. That might not seem like much, but if you get in the habit of taking advances from your credit card every month, that $100 costs an extra $72 every year in fees alone.

Most credit card companies charge above 20% annual percentage rate. You are also responsible for paying the interest and the fees.

When should you use a credit card cash advance?

When you need to pay for an expense that does not allow you to use your credit card, a mechanic will only take cash to fix your car, for example, credit card cash advances can be helpful.

The downside is that cash advances from your credit card have a limit. If your card already has a balance on it, you may only have a small amount of cash you can get.

Employer Cash Advance

What is an employer cash advance?

This is a less common cash advance, but if your employer offers this option, it's worth exploring. The best part about the money you receive from an employer cash advance is that it's not a loan. That money is yours, and it comes out of your paycheck.

How do employer cash advances work?

If you don't know if your employer offers an employer cash advance, you should ask your co-workers or your Human Resource Manager. Companies have no obligation to provide advances to their employees. If you ask your boss, it could create an uncomfortable situation.

If your employer does offer cash advances, you'll need to follow the proper procedure set in place. Some companies have strict and formal guidelines, while others are less formal. If it's required to sign paperwork, be sure to read the details when the advance will be deducted from your paycheck. You don't want to be put into a situation where you can't pay your bills after you get your advance.

The pros and cons of an employer cash advance?

Getting a cash advance from an employer is useful because the money is interest-free. It's the best cash advance option because it's free! However, if where you work doesn't offer advances, or if your financial emergency isn't regarded as dire enough, you can't get the money you need.

Getting a Cash Advance with Bad Credit

Your credit score can prevent you from getting any form of financial assistance, especially from a traditional financial institution. Therefore, it's usually difficult for anyone to obtain loans for bad credit in most situations.

There is good news because you can get a cash advance with bad credit. Lots of online lenders are ready to provide loans to you within a short period without digging into your credit score ratings. In fact, as long as your income shows that you can afford to repay your loan on time, the credit bureaus may not even know anything about the cash advance.

Average credit score by age chart

Credit Scores increase after Americans turn 50.

Benefits of Getting a Cash Advance with Bad Credit

If you are still pondering on whether you should get a cash advance with poor credit, there are a few good reasons that can be considered. Anyone with bad credit already has limited options when it comes to getting financial assistance as many financial institutions, friends, and even family will be unwilling to help out. However, you can rely on cash advance loans.

To get a cash advance with bad credit, the principal set of information that is required includes your name, residential address, phone number, proof of income, employment history, and a government-issued ID.

Apart from being an easy way to borrow funds, it does not take time before the money you need is disbursed. After you've submitted your application and provided your checking account, the loan company will start working on it immediately, and your application can be approved as soon as possible.

Once approved, you can get your funds in just a few hours; in fact, some loan companies will send the money to you within 15 minutes of accepting your application. It should be noted that the same account through which you get the funds will be used for making the loan payments.

Another benefit of a cash advance with bad credit is that the loan company will not make any inquiries about why you need the funds. Similarly, getting a loan through this method does not involve any collateral. One last benefit for people looking for an advance with bad credit is that lenders do not do a traditional credit check. Cash advance loans do not hurt your credit because there is no reporting to the major credit bureaus.

Best Options for Getting a Cash Advance with Poor Credit

Having considered the benefits of a credit advance, you should take note of the best options that you can count on when you need a cash advance with poor credit. Since you need an advance as a result of a financial emergency, it's better for you to avoid traditional financial institutions. This is because these institutions will require a few days before approving your application and disbursing the funds; therefore, the funds may not be useful for your needs again.

In respect to emergency needs, you should instead borrow funds from online lenders. In addition to providing cash easily and quickly, these online lenders offer loans with interest rates that are lower than the traditional lenders. Nevertheless, do not rush into getting a loan from any online lenders; take your time to look at the offers. There are lots of lenders to see, consider the ones that provide the best value.

Pitfalls to Avoid When Getting Cash Advance Loan

  • Do not get a loan amount you cannot afford to pay

Taking loans that you cannot repay on time will only put you in a worse financial problem that could lead to additional charges. Apart from paying more on interest charges, you may also have to pay extra fees for extending your installment loans terms. Therefore, if you want to get a cash advance with poor credit, carefully consider your income to determine if the repayment is possible for you or not.

  • Avoid taking loans with bad terms

Pay attention to the terms and fees of the offer provided by a loan company; do not just skim the offer. If you note that the term is too costly with additional fees, it is recommended that you avoid such a loan offer. The truth is that the best cash advance lenders understand your situation; however, some would rather capitalize on the situation by charging you too much. Notwithstanding, if you can search a little longer, you will undoubtedly get a loan with good terms.

Are Cash Advance Loans Available in My State?

U.S. map legal cash advances by state

CASH 1 Loans Offers Cash Advance Loans for Bad Credit in Nevada and Arizona

Now that you know that you can get a cash advance loan with bad credit or no credit, consider CASH 1 if you live in Arizona or Nevada.

You can use your car title for a cash advance in Phoenix, AZ.

Get a cash advance in Las Vegas, NV by using your income or vehicle as collateral.

Apply today and get the funds you need on time. If you follow this guide thoroughly, you can enjoy the various benefits of a cash advance without falling into any more financial stress.

Minimalist Living: Achieve Financial Freedom
  • 4 MIN READ|
  • 0 Comment |
  • 410 |
  • by Logical Positions|
  • July 25, 2019 |
  • Lifestyle

Minimalist Living Achieve Financial Freedom.png

Financial struggles can have a number of negative impacts on your life—from straining relationships to increasing your stress levels. Whether you are in debt or just want to start making better financial decisions, you can use the values of minimalist living to achieve financial freedom.

Minimalism involves the deliberate promotion of one’s primary values and the removal of all other distractions. The lifestyle’s main principles include clarity, simplicity, and intentionality. When these principles are applied to your finances, they can help you accomplish your fiscal goals.

Rooted in minimalist values, these are the many steps you can start taking to help you stop living paycheck-to-paycheck and start living your best life.

Simplify Your Finances

Simplifying the way in which you handle your finances will make it easier to accomplish your monetary goals. One of the ways you can start doing this is by paying all of your monthly bills on one day. Setting aside one day a month to tackle your bills will help you avoid late fees, stay on top of due dates, and keep better track of your monthly spending. Plus, you won’t have to worry about paying bills for an entire month which will significantly decrease the stress that comes with worrying about unpaid expenses.

Another way to simplify your finances is to cut down on the number of credit card accounts you own. Credit cards can be dangerous when it comes to finances as they often lead people to spend more money than they own. According to NGFP.org, 54 percent of Americans earn less money than they spend which is a quick and easy way to accumulate debt. Having fewer cards with a lower available credit limit will make it harder to accumulate this debt and will help keep your budget on track. Plus, by decreasing the number of credit accounts you have, it will be easier to manage your payments and reduce the number of bills you have to fill out each month.

Create a Realistic Budget

Developing a written monthly budget will help you assess exactly where your money is going so that you can start investing in your main priorities and minimize unnecessary costs. Try to cut non-essential expenses and prioritize getting out of debt by paying off debts from mortgages, title loans, or unpaid credit expenses as doing so will greatly speed up the process towards financial freedom.

Accomplishing your fiscal goals can be as simple as going out to eat less or abstaining from shopping on the weekend. However, cutting costs is easier said than done. To make the budgeting process easier, there are many apps that can help you track your expenses and stick to your financial goals such as Every Dollar, Mint, or Pocket Guard. These budgeting apps will help you establish boundaries and easily assess your spending habits.

If you live in a household with more than one person, it is a good idea to include them in the budgeting process so that everyone is on the same page. When it comes to saving money, budgeting is a team effort and having other people committed to the same goal will increase your chances of success. Remember that it is normal to run into little bumps in the road. If you are new to budgeting, slip-ups will happen. Despite these challenges, it is important not to give up on budgeting as the process will get much easier with practice and is an essential part of achieving the financial freedom you desire.

Save on Mortgage or Rent by Downsizing

It’s no secret that having a larger apartment or home often costs significantly more than a smaller one. By downsizing, you won’t just save hundreds of dollars a month on rent alone, but you will also save a significant sum of money on utilities as it takes far less energy to heat, cool, and illuminate a smaller area. Plus, odds are that you don’t utilize all the space in your home. If there are rooms that you barely spend any time in or are just used for storage, you could be wasting hundreds of dollars on unused space. If you follow a minimalistic lifestyle and decrease your amount of material possessions, the switch to a smaller living area shouldn’t be that difficult as you won’t require as much storage space.

Sell Belongings You Don’t Need

Decluttering your life and freeing up your finances is going to require you to let go of some of your material belongings. Consider selling any old books, DVDs, electronics, or furniture that don’t add significant value to your life or are distracting you from accomplishing your goals. In addition to smaller material items, you can also contemplate trading in an expensive car for a cheaper one that doesn’t require monthly payments. You can sell such items using an online site such as eBay, Craigslist, or Autotrader, or you can go the old-fashioned route and sell locally at a flea market or host a yard sale.

It is easy to form personal attachments to non-essential items which can make it difficult to sell your belongings; however, it is important to remain focused on your goals and be strict when deciding what to get rid of. Parting with material possessions becomes a lot easier when you consider that you are getting one step closer to financial freedom. When you are having trouble deciding if you want to sell something, remember that you can put the money that you make from the exchange toward your main priorities—whether that is paying off your debt or traveling.

 

 

As you can see, responsible financial habits and minimalism share many of the same principles. Contrary to popular belief, living a debt-free life doesn’t require making a specific income level. Rather, the main factor in achieving financial freedom is making smart fiscal decisions using the resources that you have. As such, if you want to accomplish your fiscal goals, odds are minimalism is going to play some role in your journey. Living a minimalist lifestyle can help you make better monetary decisions, improve your spending habits, and finally pay off your debt. By following the steps above, you can appreciate the many benefits of using the values of minimalist living to financial freedom.

 

 

Stock Market Investing Tips for Beginners
  • 4 MIN READ|
  • 0 Comment |
  • 141 |
  • by Logical Positions|
  • July 19, 2019 |
  • Personal Finance

Stock Market Investing Tips for Beginners.png

Entering into the stock market comes with many challenges, but it also provides the opportunity for skilled investors to earn a considerable sum of money. While many join the industry looking for a way to quickly and easily gain riches, achieving success takes a substantial amount of time and effort. If you’re willing to put in the work, these stock market investing tips for beginners will help increase your chances of success.

Keep your emotions in check

The stock market is a high-stress industry that fluctuates daily and, sometimes, even by the second. This pressure often leads many people to get nervous and make impulse decisions that can get them into trouble. For this reason, having a cool and controlled temperament is one of the most essential characteristics of a successful investor. Profitable stock market decisions are based on systematic, logical reasoning. As such, it is important to remember to think with your head and not your gut when investing.

Remember that the prices of securities tend to fluctuate frequently based on the positive or negative feelings of stockholders toward the company. Sometimes these fluctuations will align with your expectations and other times they won’t. This may cause you to start feeling insecure with your investments. When you start making decisions based on these short-term changes, you risk damaging your investment portfolio because you aren’t logically thinking about the company as a whole. Before rushing into any emotional decisions, always perform a systematic analysis of the company and consider its management, prospects, and assets.

Have an exit strategy

Developing a sound exit strategy is just as (if not more) important as building an effective entry strategy. Many traders, however, forget to plan for this crucial aspect of the investing process. Before purchasing security, you should come up with an effective exit plan if the stock doesn’t perform as you expected. To help you develop the most profitable strategy, you should calculate the trade’s reward and risk levels to determine the most beneficial time to liquidate your holdings. Determining this ahead of time will give you confidence in your decisions and help you keep your emotions in check when securities fluctuate. There are two common exit strategies. The first is stop-loss strategies, in which a broker sells the stock once it reaches a predetermined price. The other is scaling exit strategies where brokers exit their position in set increments rather than all at once.

Diversify your investments

The saying, “don’t put all your eggs in one basket” is very applicable to the stock market. No matter how prepared you are or how much research you’ve done on a company, there is always a chance that it may fail. If you invest all your money in one company, the risk level of your investment goes up exponentially. This is because if that stock doesn’t perform like you thought it would, you have no way of making a profit. By diversifying your portfolio, you’ll decrease your chance of losing all your money due to a single poorly performing stock. Even if some of your stocks begin to fall, there is a good chance that you’ll have others that are rising which will help minimize your losses. As such, you should consider investing in stocks from different companies and industries. You could further diversify your portfolio by investing in stocks in different countries.

Don’t invest in companies that you don’t understand

Per Warren Buffet—one of the most successful stockbrokers in history—don’t invest in companies that you don’t fully understand. As previously stated, you should never invest based on gut decisions or simply because you have a good feeling about it. Each decision you make should be rooted in a logical understanding of how the business operates and makes money. While researching a company is important, if you find yourself spending days or even hours trying to understand its business model, you should probably abandon ship and invest in a different stock. You should also avoid investing in new industries that rely heavily on an accurate estimate of the future. These types of investments are extremely complex, and it is virtually impossible to predict their success.

Leave leverage to the pros

Leverage can be a useful tool in the stock market industry. It can also, however, be potentially dangerous to new investors. Leverage refers to investing borrowed capital in stock exchanges. To obtain this investment money, brokerage firms or banks will loan brokers a certain percentage of the purchase value—often around 50 percent. The positive side of leverage is that it gives you the potential to increase your investment return. On the downside, it can also cause you to lose more money than if you were to purchase the stock with your funds. Plus, you’ll also have to worry about paying interest on the loan. Since using leverage adds an element of risk to an already precarious industry, new investors should probably steer clear of using this strategy until they gain more experience in the market.

Be patient

The ability to wait patiently plays a huge role in the stock industry. It is unlikely that you will buy a stock and it will automatically go up a huge percentage. Often, it may drop a significant amount before eventually going up and turning a profit. If you get impatient and decide to liquidate your holding as soon as the stock dips low, you could miss out on a large opportunity for profit. In many cases, impatience causes people to buy high and sell at the bottom. For this reason, having a good understanding of the company before investing is crucial. If you’re able to prepare and predict the fluctuations in the stocks you choose, it’s easier to be patient because you’ll have the knowledge backing up your decision to wait. However, this doesn’t mean that you should never liquidate your holds if a stock is performing far worse than you expected. You should simply prepare to wait a considerable amount of time before your stock turns a profit.

Following these stock market investing tips for beginners will help you find success in this invigorating industry. While investing in stocks can be lucrative, it is also important to invest in yourself. At Cash 1 Loans, we offer a variety of loan options to suit a diverse range of needs—from short term loans to car title loans in Las Vegas, NV, and Phoenix, AZ.

Stock Market Investing Tips for Beginners infographic

How to Avoid Credit Card Fraud: Credit Card Theft Prevention
  • 4 MIN READ|
  • 0 Comment |
  • 250 |
  • by Logical Positions|
  • July 3, 2019 |
  • Credit

How to Avoid Credit Card Fraud Credit Card Theft Prevention1.png

Credit card fraud is a serious and prevalent problem today. According to a 2016 study by ACI World Wide, a staggering 46 percent of Americans experienced credit card fraud in the past five years. Credit card fraud occurs when a person illegally uses someone else’s credit or debit card to make transactions and withdraw unauthorized funds from their account. It’s often committed by scammers who implement deceitful methods to gain access to your personal information and use it to hack into your accounts. This crime wreaks havoc on victims’ credit scores and can take months to repair the damage. It’s incredibly important to stay aware of risks and learn how to avoid credit card fraud by taking these precautions.

Take caution when making online payments

When entering your credit card information online, it’s important to be especially careful. If you’re on a website that isn’t secure, you should refrain from entering any of your information. An unsecure website means that it isn’t using proper encryption techniques and the admin might not be who they say they are. You can easily tell if a website is secure by the padlock to the left of the URL. You can also determine if you’re using a secure website because it will have the letters HTTPS, not just HTTP, in front of the web address. If a website doesn’t have both these characteristics, it isn’t secure, and a notification in the search bar may warn you.

Be careful when giving out your credit card information over the phone

Many businesses accept credit card payments over the phone. It’s important, however, to remain cautious when engaging in a cellular transaction. Giving out your credit card information over the phone is one of the most common ways to fall victim to credit card fraud. This is because it’s easy for fraudulent scammers to imitate a company and steal your credit information, since it’s harder to prove their identity. These scammers often call you and ask for information, rather than you contacting them to make a payment. Unless you initiate the transaction, or confirmed the person you’re talking to is trustworthy, you should avoid giving your credit card number over the phone.

Be aware of phishing

Phishing refers to deceitful attempts to lure people into giving away their personal information, such as passwords or credit card details. The scammer reaches out to the victim by email or a form of instant messaging, and they direct victims to an illegitimate website to enter their information. To be safe, you should enter your information directly on a business’s website, rather than clicking on the link through an email. You can often tell if you’ve received a phishing email because it will request you send them sensitive information over email or enter it into an attached link. A majority of legitimate companies don’t send unsolicited requests for sensitive information. Other common characteristics of phishing attempts include spelling errors, unsolicited attachments, the absence of a domain email, and generic salutations.

Keep your personal information private

To prevent credit card fraud, you should avoid giving out your personal information as much as possible—even to people you trust. Fraud committed by someone that the victim knows, or “familiar fraud,” is fairly common. This crime is often perpetrated by a parent, child, sibling, or friend of the victim whom they thought they could trust with their information. While nobody wants to believe that someone they have faith in could betray them, it’s better to be safe than sorry; avoid sharing your credit card information or social security number.

Use a virtual private network when using public Wi-Fi

The next time you ask for the Wi-Fi password in a public place, consider using a virtual private network (VPN). Public Wi-Fi can make you extremely vulnerable to hackers who want to steal your credit card information. This is because anyone using the same public network that you’re connected to can access the data being transferred between your device and the internet router. Another risk is that someone could set up a Wi-Fi network with a similar name to the public one to obtain your information after you connect to it. To decrease your chances of falling victim to credit card fraud, you should always use a VPN when logging onto public Wi-Fi. The programming enables you to safely use shared public Wi-Fi by encrypting your data at the sending end, so hackers can’t access it.

Keep a close eye on your accounts and credit report

Keeping an eye on your credit report and score will help you catch credit card fraud early on. You should check your credit report at least once per year to ensure the data on your credit profile is accurate. To receive warnings about changes to your credit, and uncover cases of fraudulent activity, you can also enlist the help of a credit monitoring service. 

Enter your credit card information manually

Manually entering your credit card information every time you make an online purchase can be a hassle. It may, however, help decrease your chances of credit card fraud. When you save your credit card information on a frequently used website, you put your trust in the company’s cybersecurity protection. If it turns out that their protection is weak, and they have a data breach, your credit card details could be exposed to hackers eager to steal your information. It’s much safer to take the extra time to manually enter your credit card data each time you make a purchase.

Use a chip reader or allow mobile pay

Using a chip reader or mobile pay will help protect you from skimming devices. Skimmers placed on card-reading devices on ATMs, gas stations, or registers at stores allow hackers to obtain credit card information by “skimming” the data from your card’s magnetic strip as you scan it. Opt to use mobile payments to help eliminate this risk, because you won’t have to slide your card through a scanning device possibly equipped with a skimmer. If you’re unable to use mobile pay, you can also use a chip reader to reduce the risk. Chip readers are more secure because they read the information on your credit card’s chip rather than the magnetic strip.

If you’ve fallen victim to credit card fraud and experience trouble obtaining a loan due to your damaged credit score, Cash 1 Loans can help. We offer a diverse array of loan options for people with credit scores on the lower end of the spectrum, including Arizona and Nevada title loans, and vehicle registration loans. We also offer installment, personal, and title equity loans, and accept all forms of credit.

Credit Card Theft Prevention

7 Ways to Boost your Credit Score Right Now
  • 3 MIN READ|
  • 0 Comment |
  • 454 |
  • by Shiv Nanda|
  • May 30, 2019 |
  • Credit


Whenever you apply for a credit card or loan, your credit score is reviewed to decide how likely it will be that you repay the amount on time. In most cases, your credit score also plays an essential role in calculating your personal loan interest rates too. However, building a credit score is a relatively slow process which considers factors such as credit payment pattern over time, revolving credit, type of account, and how often you apply for credit. Here are a few indisputable ways that can help you begin improving it:

1. Ensure that Your Credit Reports Are Accurate

Credit reports can often be inaccurate, and this directly leads to a poor credit score. According to a 2012 study from the Federal Trade Commission (FTC), 25% of consumers had at least one error on one of their credit reports. Hence, it is crucial that you review your credit report against errors or discrepancies by credit bureaus like TransUnion, Equifax, or Experian in the U.S. or CIBIL in India.

Here's a checklist of questions you can use to help you spot errors if any:    

  • Is your personal information correct?  
  • Are all your credit accounts being reported?
  • Is the late or missed payment information correctly listed? 
  • Are there any accounts or applications listed that you don't recognize? 
  • Are there items from decades ago that are still appearing on your report?

2. Highlight What Needs to Be Improved

If your report reflects a poor credit score, it may be due to various factors. To improve your credit score fast, focus on the possible reasons, and work on them one by one.

Here are the significant factors that impact your credit score:     

  • Making late payments affects your payment history, and bad payment history has the most significant effect on your credit score. 
  • If you've recently started using a credit card, there isn't a lot of data that can help. So, you'll need to be patient and wait for your credit score to improve.
  • Lenders want to ensure that you can handle different types of credit. So, if the only credit you have is through your credit card, then it may reflect negatively on your credit report. 
  • Applying for many credit cards in a short time may worry creditors that you're financially overextended.

3. Strong Credit Age

A good age of credit history is ideally 5 years or up. So, continue making small charges for at least 5 years and pay them off on time to have an excellent credit history. To start out early, ask a friend or relative with a good credit history to add you as an authorized user. This way, you will not be under pressure to pay and still be able to create a credit history.

4. Open New Credit Account Only When Needed

Opening multiple accounts to have a better credit mix is a fairly common assumption which may not improve your credit score. Additional credit cards, in fact, will not just tempt you to spend more, but will also create too many hard inquiries that can influence your credit report.

5. Leave Unused Credit Accounts as They Are

If you've applied for new cards, don't close the old ones. 10 years after you close your credit card, the credit bureau removes its history from your credit report. This shortens your average credit age and causes your credit score to drop.

6. Monitor Your Credit

When you check your own credit report, a soft query is pulled, which does not affect your credit score. So, review your credit report every few months and identify how you can manage your credit better.

7. Time Your Applications Wisely

The effects of a hard inquiry can last from 6 months to 12 months. So, refrain from applying for a loan or a credit card within short time frames. This way, you can keep your hard inquiries at a minimum.

Improving your credit score takes time, but when optimized, it can open many doors for you. It can influence your personal loan interest rates, your life insurance rates, and other factors. So, ensure that you follow these steps and stay consistent.


 Author Bio:

Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India's first app-based credit-line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life's mission to help and educate people on various financial topics, so email him your questions at shiv@moneytap.com.

What to Do When You Need Help Paying the Bills
  • 2 MIN READ|
  • 0 Comment |
  • 693 |
  • by Joseph Priebe|
  • May 18, 2019 |
  • Personal Finance

What to do when you need help paying the bills

A Bankrate.com study found that 36 percent of all Americans said they are more concerned with paying bills than any other financial issues, the highest percentage for any listed options. Paying down debt was selected by 20 percent of Americans as a top priority, saving was identified by 18 percent, and providing financial assistance to others was listed by 12 percent. 'Americans' financial priorities reflect the difficult economic realities of high unemployment, stagnant income and the absence of new high-paying jobs,' said Greg McBride, senior financial analyst at Bankrate website.

These priorities have not changed much in recent years. Bankrate held the same poll one year ago: at that time, 32 percent of Americans said their top priority was staying current or catching up on their bills, while 23 percent identified paying down debt.

Job security ratings also decreased throughout October, according to Bankrate, and are projected to stay negative throughout December. Americans who reported feeling less comfortable with their savings also outnumbered those who feel more comfortable with their savings for the 36th consecutive month, when comparing their situations to one year prior.

However, consumers are beginning to increase the amount of money they have at their disposal. Almost 30 percent of respondents reported having a higher net worth than they did at this point in 2012, while only 16 percent of individuals reported that their net worth had lowered.

Get the help you need to cover expenses with Las Vegas Payday Loans

If you find that you're struggling to cover your monthly bills, you may be able to make use of the Nevada payday loans offered by the alternative lenders at CASH 1.

They can range anywhere from $50 to $1,500, and can be paid back when you receive your next paycheck - perfect for individuals who simply need a quick cash advance to help them cover a few short-term bills.

These loans are easy to obtain - not only can you apply for title loans in mesa az online, over the phone or in person, but we normally don't even need to run a traditional credit check.

All you need to provide is proof of your employment, a government-issued I.D. and an open checking account. If our alternative lenders are able to accept your application, you'll be able to get the cash needed to pay your bills in a matter of moments.

9 Ways to Develop Better Spending Habits
  • 4 MIN READ|
  • 0 Comment |
  • 628 |
  • by Logical Positions|
  • May 6, 2019 |
  • Personal Finance

ways to develop better spending habits

Developing good spending habits is essential to achieving financial freedom. However, changing your lifestyle is easier said than done. According to a study published in the European Journal of Social Psychology, it takes an average of 66 days for an action to become a habit. As such, staying focused on your goals and committed to breaking bad patterns is crucial to making better financial decisions. Here are nine easy ways to develop better spending habits  that you can begin practicing today.

Create a budget

Writing out your monthly budget will provide you with a physical example of how you plan to accomplish your financial goals. Your budget should prioritize essential payments such as rent and groceries or paying off debt. However, you should also factor in a monthly amount to spend on fun activities such as going to the movies or having drinks with friends. Completely eliminating spending your money on activities you enjoy is unrealistic; such impractical expectations will quickly result in deviations from your budget, which eliminate the purpose of writing a budget in the first place.

Track your spending habits

The only way to know whether or not you’re sticking to your budget is to track your spending habits. By monitoring your expenses, you’ll be able to pinpoint your negative spending patterns and make changes accordingly. For example, you may not realize you’re spending hundreds of dollars while online shopping or by going out to eat each month. Making an effort to track what you spend money on will alert you to these negative habits. An easy way to do this is to use an expense tracking app such as Clarity Money or Wally,which provide you with insights into your recent account activity.

Set attainable goals

Developing new habits takes time, and attempting to make too many changes at once may overwhelm and discourage you. Instead, try to set small, attainable goals to accomplish each day, week, or month. These objectives could be as minor as putting five dollars into a savings account each week or choosing to pack your lunch for work instead of eating out. By making these slight changes, you’ll develop better money-saving habits, which will pave the way for making bigger adjustments in the future.

Have someone hold you accountable

Accomplishing your goals is a lot easier when you have someone to hold you accountable when temptations arise. This person should be someone you can trust to be honest and tell you when you’re deviating from your financial goals. You could even choose someone who also wants to develop better spending habits. As budgeting buddies, you’ll be able to share tips and tricks as well as support each other when sticking to your budgets gets difficult. For example, if your buddy has to turn down an invitation to go out for drinks, consider joining them for an in-home movie night instead. When it comes to developing better financial habits, it’s helpful to have at least one friend, family member, or partner who has chosen to live the same lifestyle as you.

Pay with cash instead of credit

It may seem a little old-fashioned, but carrying cash is a great way to stick to your budget. If you’re planning on spending a day at the mall, where there are a lot of opportunities to splurge on unnecessary items, set a spending limit beforehand. Then, leave your credit card at home to ensure that you stick to the limit. By only carrying as much cash as your spending limit allows, you won’t have the option to make an impulse purchase or stray from your budget.

Avoid temptations

Impulse purchases are detrimental to any budget. Thanks to online stores, the road to developing poor spending habits is just a click away. As such, in order to develop better spending habits, you should make an effort to actively avoid temptation, whether that involves spending less time online or steering clear of shopping malls. When it comes to cutting back on unnecessary spending, 'out of sight, out of mind' is the best policy.

Focus on your long-term goals

Maintaining good spending habits is a lot easier when you have a clear vision of your long-term financial goals. Maybe you’re trying to save money so you can finally pay off your debts, kickstart your small business, or go on a big trip around the world. Whatever your ambitions are, reminding yourself of them each time you consider straying from your budget will make you less likely to make unnecessary purchases and fall back into your negative spending patterns.

Prioritize paying off loans

Debt from unpaid loans leads to additional stress and can put a strain on relationships. When you determine your monthly spending, it’s important to get in the habit of prioritizing you loan payments. In doing so, you’ll be able to get out of debt much quicker than if you continued to make the minimum monthly payments. Dedicating a large chunk of your paycheck to paying off your mortgage or title loan isn’t very enjoyable, but it’s essential to achieving financial freedom.

Wait for sales

Waiting for a sale can allow you to purchase the item you covet for a fraction of its original cost. To take full advantage of lower prices, try to keep track of when your favorite stores tend to have the best sales. For example, clothing stores typically offer huge discounts in January because they’re trying to get rid of their winter clothes to make room for their spring collections. Keeping track of these discount trends could easily save you hundreds of dollars over time. Plus, choosing to wait until there’s a sale will also prevent you from making costly impulse purchases.

Changing your lifestyle to align with your financial objectives is not easy—it will take a lot of time, energy, and commitment. However, if you stay focused on your goals and regularly make efforts to break bad spending patterns, these nine easy ways to develop better spending habits will help you along your journey to financial freedom.

How Student Loans Impact Your Credit Score
  • 4 MIN READ|
  • 0 Comments |
  • 1188 |
  • by Logical Positions|
  • April 19, 2019 |
  • Loans

How student loans impact your credit score

Citation:©[Brian Jackson]/Adobe Stock

For many people, student loans are their first experience using credit. From the moment you take out a student loan, a credit file is opened in your name. This kick starts your credit history and gives you the opportunity to either build-up or tank your credit score.

When taking out a student loan, it is important to consider how it will affect your credit score in the future. Your score can determine your ability to take out loans, get lower interest rates, and obtain approval for apartments or rental houses. As such, student loans have a large impact on your life and can stick with you for a few years or decades, depending on how quickly you are able to pay them off.

It is important to note that the amount of a student loan itself doesn’t positively or negatively impact your score. How student loans impact your credit score all comes down to how you pay them off. That being said, the following factors that contribute to calculating your FICO score can all be impacted based on how manage your student loan debt.

Payment History

Payment history accounts for 35% of your FICO score. As such, it impacts your credit score more than any other factor. This is because lenders want to be sure that you are financially responsible enough to pay off potential loans in the designated timeframe.

If you make payments on time and in full, your score could actually increase as a result of taking out a student loan. Every time you make a payment for your loan, it is reported to credit bureaus which can help you build a strong payment history. This is a great way to start building credit right when you enter adulthood and will help you get additional loans later down the line—as long as you are responsible.

On the other hand, if you fail to make payments on time, your payment history could just as quickly turn against you. When you miss a payment, your lender will report the action to one or multiple credit bureaus. This will show up as a delinquency on your report. For private student loans, delinquencies can be filed just 30 days after a missed payment. If you have a federal student loan, you usually have up to 90 days before the missed payment will be documented.

While your score will not drop until the delinquency has been reported, lenders often charge a late fee as soon as the payment is missed. Even more pressing is the fact that missed payments stay on your report for up to seven years and can quickly tank your credit score. If you know you will be unable to make a payment on time, call your lender immediately so they can put your loans into deferment or forbearance. This means that a temporary pause will be placed on your monthly payments. By doing so, you do not get out of paying off a loan. However, it will protect you from getting late payments on your credit score.

Build Your Credit History

Student loans are considered an installment loan. This means that an agreement is made to repay a specific amount of money over time following a set number of scheduled payments. The amount of time in which installment loans are repaid can range from a few months to a few decades. The long repayment periods of student loans have the potential to help your score by building a long credit history.

The duration of your credit history impacts 15 percent of your credit score. The longer your positive credit history is, the higher your score will be. However, this history will only benefit you if you make your payments on time. Paying loans in full every month can show future lenders that you are financially responsible which will give your score a boost.

While building a long credit history can positively impact your score, you should not intentionally draw out how long it takes for you to repay your loans. If you have the opportunity to pay them off quicker, you should take it. The potential 15 percent benefit of increasing your credit history is not worth staying in debt for a longer period of time.

Credit Mix

Your credit mix has a much smaller impact than your payment history, but it can give your score an enhancement of up to 10 percent. Your credit mix refers to the various types of loans and lines of credit that make up your report. In addition to student loans, these accounts may include credit cards, auto registration loans, and mortgages. Adding variety to your credit mix will look favorable on your credit report. This is because people with fewer forms of credit are often viewed as “higher risk” than those who have shown their ability to manage multiple types responsibly. As such, having a student loan could slightly improve your score in the future as you take out other loans or start using a credit card. However, according to the director of public education at Experian, Rod Griffin, it is unwise to open a credit account if you do not intend to use it.

“One or two credit card accounts is sufficient,” Griffin said. “And, if you don’t have any installment credit, you may consider applying for a small loan so that you can demonstrate that you can manage it well. However, opening too many new accounts within a short period of time can be a sign of financial distress to lenders.”

While your credit mix doesn’t play a key role in determining your FICO score, it can have a significant impact when calculating the score of credit reports that don’t have much other information on them.

At the end of the day, how your student loans impact your credit score entirely depends on your own habits. To keep track of how student loans impact your credit score, you are entitled to one free credit report a year from all three of the major credit bureaus.

how student loans impact your credit score infographic