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How Student Loans Impact Your Credit Score
  • 4 MIN READ|
  • 0 Comment |
  • 41 |
  • by Logical Positions|
  • April 19, 2019 |
  • Loans

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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

4 Common Credit Card Mistakes and How to Avoid Them
  • 4 MIN READ|
  • 0 Comment |
  • 47 |
  • by Logical Positions|
  • April 19, 2019 |
  • Credit

hand holding credit card avoiding mistakes

Getting a credit card is a huge financial responsibility. While it may not seem like much, that little piece of plastic has the potential to seriously derail your financial future.

Regularly using a credit card can have many positive benefits, such as improving your credit score and getting your better deals on loans. However, when used incorrectly, credit cards can accumulate debt that stays with you for years to come. It is important to be aware of common credit card mistakes so that you can avoid financial distress and begin building a solid credit score.

Making Minimum Monthly Payments

One of the biggest dangers of getting a credit card is that you can easily find yourself in debt if you’re not careful. An easy way to do this is by making minimum monthly payments.

While only paying the minimum on your credit card balance won’t hurt your FICO score, you could end up having to pay huge sums of money in interest. Paying two-percent interest may not seem like a lot at first, but it can quickly add up. In addition, making minimum payments will significantly increase the amount of time it takes you to pay off your credit card balance. Depending on how much debt you procure, it could take years and thousands of dollars to finally pay off your card—in addition to all the interest you would gain during that time.

Solution: You should always pay the maximum amount on your card each month. This will require you to budget and practice responsible spending habits. In doing so, you won’t ever have to worry about paying interest and will give your credit score a serious boost.

Missing Credit Card Payments

Forgetting or failing to make a credit card payment can critically harm your credit score. Since payment history makes up 35 percent of your FICO score, missing just one can cause a substantial 100-point drop. This missed payment will stay on your credit report seven years after the date of the first delinquency. In addition, you will receive a late payment charge which is likely to be higher than the minimum amount they required you to pay for that month. Depending on your payment history, late fees typically range from $25 to $38.

These repercussions will begin if one of your payments goes unpaid for 30 days. Additional consequences will occur if you ignore the payment for even longer. For example, if a late payment goes unpaid for more than 60 days, your credit card issuer may choose to increase your interest rate to the highest penalty rate. This will make it even harder to pay off your debt and decreases your chances of getting good terms on future loans and credit accounts.

Solution: To avoid these repercussions, be aware of the due date on your account statement. In addition, you should make payments as early as possible instead of waiting until the last minute when you could easily forget. To ensure that you always pay your card on time, you can set up an automatic payment through your bank. If you choose to do this, make sure that the time and date of the payment are accurate.

Prioritizing Rewards Over Interest

Attractive rewards such as large cash-back bonuses and free airline miles can be tempting, but they shouldn’t be your top priority when choosing a credit card. The most important feature to take into consideration is the card’s interest rate. While enticing rewards distract many new credit card owners, paying off high-interest rates costs much more than any cash back bonus would provide. For example, the national average APR for rewards credit cards is 17.67 percent, which is much larger than the 5 percent bonus you could receive. In addition, cards that offer the best rewards often have the highest interest rates and getting approval is much harder. As a result, they could deny your request which would put a dent in your credit score.

Solution: You should always be aware of the terms of your card so that you’re not hit with unexpected interest rates down the road. Before going to the bank, conduct research on a variety of credit card options so that you have plenty of time think through your decision and weigh the pros and cons. Make sure that you have a good understanding of how credit card interest works before you make a decision, and contact your credit card lender if you have any questions.

Applying For too Many

Every time you apply for a credit card, companies perform a hard inquiry on your credit account which causes your credit score to drop slightly. While a single inquiry will not have much of an impact on your FICO score, applying for multiple cards at a time will start to make an impact. In addition, multiple inquiries can cause lenders to get suspicious about why so many companies are looking into your credit account. As a result, they could start declining your requests, which will cause your score to drop further.

Solution: According to the spokeswoman for Money Management International, Joanne Kerstetter, you should only apply for one credit card at a time and only when necessary.

"Stop and think: do you really need another credit card?" Kerstetter said. "The more credit cards you have, the better chance you have of getting deeper in debt."

If you don’t have much credit experience, it is a good idea to start with only one card. This makes it easy to keep track of your payments because all your credit information will be in one place.

Avoiding these common credit card mistakes will help you stay out of debt, build your credit score, and increase your chances of getting good terms on loans.

However, if you’ve made these mistakes in the past and now find yourself unable to get a loan, Cash 1 can help. We offer several loan options, including auto registration loans in Phoenix and Las Vegas, for people who have less-than-perfect credit. Applying is quick, easy, and you can do it over the phone or online.

 

how student loans impact your credit score infographic

 

How to Find the Best Cash Advance Loans Direct Lender
  • 4 MIN READ|
  • 0 Comment |
  • 74 |
  • by Joseph Priebe|
  • April 16, 2019 |
  • Loans

How to find the best direct lender

With thе great inсrеаѕе in the numbеr of direct lеndеrѕ, bоth оnlinе, and оfflinе, deciding on thе bеѕt саn bе a bit dаunting аt timеѕ. getting quick loans frоm a direct lender iѕ оnе оf the bеѕt аnd соnvеniеnt ways that уоu саn hеlр уоurѕеlf оut of аn emergency nееd ѕuсh as an еmеrgеnсу hоuѕе rераir, mеdiсаl bill or аnу оthеr еmеrgеnсу finаnсiаl nееd. But did уоu know thаt borrowing frоm a wrong cash advance lender саn even wоrѕеn уоur finаnсiаl position? Yеѕ. And thiѕ iѕ why you ѕhоuld tаkе уоur timе tо gеt mоrе details аbоut thе lender bеfоrе уоu аррlу fоr the lоаn. 

 

Points to Consider before Applying with a Cash Advance Loans Direct Lender

About the Loan

How muсh is offered: See hоw muсh thеу offer. Cоmраniеѕ uѕuаllу ѕtаtе the minimum and mаximum lоаn amounts thеу оffеr. Lооk оut for the mаximum аmоunt offered tо firѕt timе bоrrоwеrѕ. If уоu саnnоt find this information, lооk оn thе frеԛuеntlу аѕkеd questions (FAQ) ѕесtiоn.

Cash advance lоаnѕ сhаrgеѕ: There hаѕ to bе trаnѕраrеnсу оvеr thе сhаrgеѕ аnd interest for bоrrоwing with a cash loan. Mоѕt wеbѕitеѕ wоuld hаvе fees аnd сhаrgеѕ раgе displaying thiѕ infоrmаtiоn. Also, check оut late рауmеnt fees оr default сhаrgеѕ should уоu miѕѕ a рауmеnt - this information iѕ sometimes on the FAQ.

Rерауmеnt: Mоѕt lеndеrѕ рrеfеr tо соllесt рауmеnt from a debit card. Sоmе ѕеt a direct dеbit from your ассоunt. Chесk аnd еѕtаbliѕh what means thе company will use to соllесt a рауmеnt from you.

 

Rеаd Cuѕtоmеr Rеviеwѕ

Whаt previous сliеntѕ аrе saying about a раrtiсulаr cash advances online lеndеr саn rеаllу hеlр you make a more infоrmеd decision. It iѕ frоm the рrеviоuѕ сuѕtоmеrѕ rеviеwѕ that уоu gеt to knоw thе strengths аѕ wеll аѕ the weaknesses оf the cash advance loans direct lender. A соmраnу with mоrе роѕitivе reviews iѕ mоrе likеlу tо givе you thе best ѕеrviсе.

 

Repayment Plan

Cash advance loans direct lenders offer diffеrеnt рауmеnt ѕtruсturеѕ tо thеir clients. Enquiring оn thе рауmеnt рlаn frоm the lеndеr prior tо уоur loan аррliсаtiоn can help you аvоid аnу соnfrоntаtiоn during thе рауmеnt stage. It iѕ also рrudеnt tо ask the lеndеr if there аrе аnу hiddеn сhаrgеѕ. Tо locate thе lеndеr with the bеѕt repayment рlаn, соmраrе vаriоuѕ lеndеrѕ, аѕk your friеndѕ оr ѕееk еxреrt аdviсе. But regardless оf thе рауmеnt рlаn, it iѕ very imроrtаnt tо оnlу аррlу fоr a lоаn thаt is within the limit that you will bе able to рау.

 

Lender, Broker оr Third-Party

Thiѕ is уоur starting роint. Thе cash advance lоаnѕ company or firm ѕhоuld reveal thiѕ on their "Abоut us" раgе or ѕоmеwhеrе else оn the wеbѕitе. A gооd lеndеr ѕhоuld readily diѕрlау thе fасt thаt thеу аrе a rеgiѕtеrеd lеndеr. Rеgiѕtrаtiоn information iѕ tурiсаllу displayed in the fооtеr ѕесtiоn оf thе wеbѕitе.

 

Cuѕtоmеr Care

Chесk hоw thе рауdау lеndеr hаndlеѕ its сliеnt'ѕ complaints. A lеndеr thаt is сuѕtоmеr based is easier tо dеаl with and always has the lеаѕt numbеr оf соmрlаintѕ. This iѕ imроrtаnt аѕ it gives уоu assurances that in саѕе уоu dо nоt аgrее with сеrtаin thingѕ уоu will еаѕilу gеt clarification from the cash advance loans direct lender. Effective сuѕtоmеr саrе iѕ vеrу imроrtаnt and саn also bе idеntifiеd еаѕilу thrоugh the reviews оf the рrеviоuѕ bоrrоwеrѕ.

 

Online Prеѕеnсе

Impression: Aѕ уоu brоwѕе thrоugh a wеbѕitе whаt impression do you gather аbоut it? Dо they appear professional? Whаt image dо they portray? These аrе important ԛuеѕtiоnѕ tо аѕk of аnу cash advance lоаnѕ wеbѕitе you will dеаl with.

 

Contact dеtаilѕ: A gооd cash advance website ѕhоuld display соntасt dеtаilѕ. Idеаllу уоu wоuld wаnt to see a рhуѕiсаl аddrеѕѕ оf the rеgiѕtеrеd office alongside opening times аnd dауѕ. In аdditiоn, thеre ѕhоuld be a соntасt tеlерhоnе number and еmаil. Thiѕ infоrmаtiоn iѕ tурiсаllу found on the "соntасt us" page.

 

Trustworthiness

Yоu саn vеrifу thе truѕtwоrthinеѕѕ оf a cash advance loans direct lender соmраnу bу rеаding thе terms аnd соnditiоnѕ. A good lеndеr should firѕt seek tо undеrѕtаnd whеthеr уоu will bе аblе tо repay thе amount of money уоu are аррlуing fоr or not. Althоugh the рrосеѕѕ involved in applying fоr a cash advance loan is uѕuаllу ѕhоrt and easy, уоu rеаllу nееd tо be skeptic whеn dеаling with a соmраnу thаt requires vеrу sketchy аnd реrѕоnаl details.

A lеndеr ѕhоuld аlѕо bе liсеnѕеd and accredited by the authority tо carry-out the business. Liсеnѕе аnd ассrеditаtiоn bу thе ѕtаtе increases the truѕtwоrthinеѕѕ оf a direct lеndеr.

Lоаn Processing Time

Hоw lоng will it take for the lender to approve any no credit check loans? A cash advance lоаn iѕ uѕuаllу mеаnt to hеlр one fund an еmеrgеnсу finаnсiаl nееd аnd should bе processed promptly. Thiѕ mеаnѕ if thе lender iѕ likely to tаkе more timе, уоu саn ѕееk аltеrnаtivе mеаnѕ. Direct lenders рrосеѕѕ cash loans within a very short timе реriоd. Therefore you should ѕеlесt one that is mоrе convenient

 

Mаnу lenders allow you to apply on the web for online loans with no credit check. While this has made the services more convenient and accessible, it has, hоwеvеr, аlѕо inсrеаѕеd the chances оf falling victim tо lоаn fraud. Tо аvоid this, always ensure that you аррlу fоr an online loan from a соmраnу that is licensed and accredited bу the department оf loan regulators. This mеаnѕ that уоu should background сhесk a cash advance loans direct lender tо ensure that уоu apply frоm a licensed and accredited lender.

 

Finding the best direct lender

Did Your Car Break Down? Here Are Some Safety Tips
  • 2 MIN READ|
  • 0 Comment |
  • 270 |
  • by Joseph Priebe|
  • April 1, 2019 |
  • Loans


Americans have a love affair with their cars. Sometimes that affair can go through some rough patches. If you've ever been stranded on the road then you know that it's a real bummer. Staying calm and unemotional is usually the most difficult thing to do. Yelling at your car isn't really going to make anything better, is it? Here are few tips for keeping safe when your vehicle breaks down.

Is Your Car Off The Road?

Activate your emergency signals immediately. When your car breaks down you should try and coast to the side of the road. The further you're away from any curves behind you... the better. When you get to the side of the road, put the car in park, pull the emergency brake, and turn your steering wheel away from the road. This will guarantee that your vehicle won't sneak out into the road by itself.

Do Other Drivers Know That You're In Trouble?

Communicating with other drivers is a number one priority when operating a vehicle. So why wouldn't it be when you're broke down on the road? Next, confirm that your hazards are blinking. If it's at night, turn on your interior lights instead. The blinkers can give the illusion that your car is still moving, which could cause an accident. If you can safely exit your vehicle, use the passenger-side door. Place markers or warning lights about 200 to 300 feet away from your car.

Got Phone?

Most people think that using your phone immediately is a good idea. Getting your car off the road should always be your main concern. When you are safe, you can call friends or family. If you have AAA or another roadside service give them a ring. Calling a tow truck is your most expensive option, use it as a last resort.  If you're not off the road and safe from traffic, call the local police.

Are You Staying With Your Car?

If your engine's smoking or you see flames, there is no option. Remain calm and distance yourself from the vehicle. Remember that roadways are very dangerous and about 4,000 pedestrians are killed each year in the U.S. There is much debate about staying in your vehicle if it's not on fire... Use your best judgement. Different weather conditions can be a major factor. We still think that staying in your ride and waiting for assistance is the safest option.

Can You Fix It?

You can still know your car even if it let you down. Checking for loose wires and changing a flat tire are simple fixes if you know what you're doing. Always work on your car from the far side of traffic.

CASH 1 Can Help with Car Repairs

You can keep from being financially overwhelmed because CASH 1 Loans has many options to help you pay for car repairs. If you have bad credit and no emergency savings, an Online Loan can help pay for repairs or your tow bill. All you'll need to apply is a valid email address, proof of income, open checking account, government-issued I.D. and you can't be on active duty in the military.

What does a payday loan's APR entail?
  • 1 MIN READ|
  • 0 Comment |
  • 167 |
  • by Joseph Priebe|
  • April 1, 2019 |
  • Loans


It cannot be ignored that some lenders of payday loans charge exorbitant interest rates and additional service fees for cash advances. It is true that many lenders do extend a finance charge to the borrower that can amount to an additional $15 to $30 for every $100 borrowed. However, when critics of payday loans state that a payday loan's APR (annual percentage rate) can be up to 400 percent, that can be slightly misleading.

An APR represents the total amount of interest and additional fees the loan would accrue over a period of one year if the borrower had decided to "roll over" the loan - or extend it - 26 times (as the typical term period for a payday loan is two weeks).

Renewing a loan 26 times may seem slightly unrealistic for the average borrower. After all, payday loans are available to consumers who need it in times of an unexpected financial predicament, such as paying the costs of a medical emergency, and it's generally expected that the borrower pay it off completely before taking out another one. Some states don't even allow borrowers to roll over their loans more than once or twice, thereby preventing the possibility of a person having to pay those high APRs that critics claim each loan carries.

Before entering into any payday loan agreement, however, borrowers should take due diligence to review the exact terms and charges implicated in their contract, as there may be other hidden costs to be aware of.

Co-Pay, FSA & Payday Loans: We're Having A Baby
  • 3 MIN READ|
  • 0 Comment |
  • 172 |
  • by Joseph Priebe|
  • March 31, 2019 |
  • Loans


"Babe, can you come here for a sec?", asked my wife. "Look! I'm pregnant!"

The news that my wife and I were about to have a second baby elated us to no end.

However, we understood the costs incurred with having a baby. It was much more than just another mouth to feed and it was insurance benefits enrollment time so I had to beef up our coverage. I added a "Flexible Spending Account" (FSA) plan, also known as a "Health Spending Account" or HSA;  to my list of benefits.

An FSA being an excellent way to pay for your medical and medical-related costs such as co-pays, deductible payments or prescriptions over the course of the year. The fact that it is a pre-tax deduction from your paycheck is an added bonus. Our doctor visits started right away, just in time for our 2014 coverages and the Affordable Care Act (ACA) provisions to begin.

Under the ACA, my wife's visits to her OBGYN were covered 100%, no co-pays but the rest of our visits with specialists were not. We would need to come up with a $50 co-pay each time we had to go to the fetal imaging center, cover part of the costs for various genetic tests for baby and ourselves, purchase prescription medicine and much more.

All of this was a minor price to pay to ensure that our baby was going to be healthy and we knew there were now adjustments to be made in order afford these costs on top of our regularly budgeted expenses. I had to put contingency plans into effect. What if an emergency arise with our 7 year old son? They hurt themselves all the time. Or, we needed to cover a co-pay and we didn't have enough to buy groceries after that expense?

My FSA has a 3-5 day waiting period where the claim is reimbursed via Direct Deposit. This created a window of time where we may not have the money to get all of our necessities or to pay utilities on time. We had minimal options when it came to "emergency funds". We could ask our family for a little cash to help us get through for a few days but we didn't feel right about that and we don't have a credit card. I looked into the idea of using short-term payday loans as an alternative so we would be able to cover any pre-natal costs, scheduled or otherwise.

By taking out an occasional, small payday loan, the window between the out-of-pocket expense and FSA reimbursement would be much more manageable. After all, we were going to be in this situation for 9 months. Most payday loans do not have "prepayment penalties".  

This means that if you wish to repay the loan BEFORE the loan due date, about two weeks from the loan date, you only pay the interest for the days money was borrowed. I could take a loan out to cover the gap or, I could use the entire term and repay the loan on my next payday. Simple enough, right?

My wife and I wanted to be able to enjoy the experience of having our baby so the flexibility of using a payday loan fit our needs and we wouldn't have to stress about keeping the lights on while we waited to receive our FSA reimbursements. Having the FSA to provide money we needed to repay helps a lot and the interest on our title loans seems to be very manageable with our salaries.

Used responsibly, payday loans can be an extremely helpful tool in the short-term if you follow these guidelines:

  • Make sure not to borrow more than you can pay back.
  • Do not take the maximum loan amount just because you can. Borrow responsibly.
  • You must be able to afford repaying it on top off your regular expenses.
  • For each extension you take, accrued interest will apply. If you use your extension privilege, pay extra money toward principle to reduce interest for the next term.
  • Make your payments on time, the penalties add up.

 

Emergency Loans for Rent
  • 7 MIN READ|
  • 0 Comments |
  • 2605 |
  • by Joseph Priebe|
  • March 29, 2019 |
  • Loans

CASH-1-Loans-How-to-Get-Emergency-Money-for-Rent-t-745.jpg

Paying your rent could be one of the biggest burdens when you are struggling with finances due to a variety of reasons. Whether these be losing a job, dealing with unexpected car repairs and expenses, or experiencing a significant life change. But, even when you are in a tight spot, you will still need to find a way to make your rent payments. That is where emergency loans for rent come in. If you are searching for a way to help pay rent while you are in a tough spot, this article provides information to help you find that perfect loan to fit your needs.

There are some legitimate online lenders dedicated to providing people with emergency loans for rent at competitive rates.

What Are Emergency Loans for Rent?

People, who need emergency loans for rent, usually have no time to wait to pay rent. They need money fast for rent. Otherwise, they will lose their apartments. Although there are some state government and local non-profit organizations that offer grants or rent assistance programs, it may take several days or even weeks to get a check or cash in hand. But, what if you need to know how to make money quick for rent? What do you do to make it on time?

If you need quick cash for rent, then emergency loans for rent may be the fastest option. Some online lenders specialize in emergency loans for rent. Some online lenders will accept bad credit and provide rental loans for bad credit. So, if you have a bad credit history and bad credit score, you will get money to pay rent. However, possible lending amounts differ and so do the interest rates.

So, you should check out the terms and requirements before you agree to a loan. It is important to check out reviews online of the potential lending company you are considering going for an emergency loan for rent. Traditional lending institutions will not provide these loans.

How to Get Emergency Money for Rent

The way emergency loans for rent works is the same as for other types of emergency loans bad credit online. The process of obtaining a loan for rent involves an application, approval, and a decision.

Online lenders frequently offer emergency loans for rent to people with bad credit. So if you have a poor credit history and credit score, you may still be eligible to be approved for a loan for rent. You will just need to spend a few minutes to fill out an online application form. However, remember to check out the interest rates before you apply.

Then the lender will review your application, and once you are approved for the loan, they will send you a loan offer to be accepted by you. It is important that you review the terms and conditions before you agree to the loan. If you accept it, the money will be deposited into your bank account.

Each online lender has their criteria, so you will want to find out what their requirements are. Some lenders will not offer very much money, while other lenders will offer more.

Most lenders will offer rental loans for bad credit, and usually approve a loan if your monthly income is at least $1,200. And it does not matter if your income is received from a job or federal government assistance. If you can get quick cash, it will give you a chance to pay your rent in full and on time. It is, however, important to choose a reputable online lender that offers emergency loans for rent if you need money fast for rent.

What to Know about Emergency Rental Assistance Programs

Emergency rental assistance provided by some government and local non-profit organizations is based upon need. In some cases, you won't have to pay back the money at all. They can be a good options before you apply for an emergency loan for rent from an online lender. But, what if you need money fast for rent? What do you do to make it on time? If you need cash now no job for rent, then emergency loans for rent may be the fastest option.

Do I Qualify for Emergency Rental Assistance Programs?

To be eligible for an emergency rental assistance program, you will need to meet the following:

If you have received an eviction letter, you must act quickly. If you are eligible for emergency rental assistance, it can take several days or even weeks to get a check or cash in hand. It usually comes in the form of a direct payment to your landlord.

However, if you do not qualify for any emergency rental assistance program, or if you are eligible for one, but you cannot wait several days because you need to get the money fast, perhaps it would be better to get an emergency loan for rent.

Why and When to Use Emergency Loans for Rent?

It is easy to see why thousands of consumers with bad credit continue to use online lenders when they need money for rent. Many online lenders offer emergency loans for rent to people with bad credit. While many legitimate online cash loan places usually charge higher interest fees, thousands of consumers use these emergency loans for rent offered by these online lenders. Why?

Traditional lending institutions such as financing companies and banks refuse to provide any credit to people with poor credit. If you have poor credit and need money fast for rent, a reputable online lender may be your only option. What's nice about these online lenders is that there are many people with bad credit who have no problems getting approved for emergency loans that are rejected at banks.

If you have a good credit history and credit score, you could get a loan with competitive interest rates and flexible terms from a traditional lender like a bank to pay rent. If you do not have a good credit score and you cannot secure a loan from a traditional lender, then applying for an emergency loan for rent with an online lender may be the best option for you.

While financial difficulties or significant life changes can make paying your rent a daunting task, you will still need to find a way to make your rent payments. Make sure to check out all your options before deciding to go with one, as there may be a better way to make your rent payment on time.

What to Look for When You Need Emergency Loans for Rent?

It is best to consider interest rates on loans to pay rent. Interest rates on an emergency loan for rent vary depending on the person or company providing the loan. Some online lenders offer rental loans for bad credit with high interest rates, but you can get better interest rates from other lenders even if you have poor credit. So, you should check out the terms and requirements before you agree to a loan. It is important to check out reviews online of the potential lending company you are considering going with.

However, if you do not have a good credit history and a good credit score, your interest rate is typically higher. Interest rates tend to be higher on loans provided by online lenders as they usually accept worse credit than traditional lenders such as banks.

Now that you know what to do when you need an emergency loan for rent, you will not have to worry about where you will live tomorrow. If you find yourself asking the question, "What do I do if I need financial assistance now for rent?" Perhaps an emergency installment loan for rent is the best option for you. If you need money fast and you are confident you can afford it, then choose a reputable lender that loans money for rent payment.

List of Housing Grants by State

Alabama

HUD Alabama

Alabama Rental Assistance

 

Alaska

Alaska Fair Housing Corporation – Grants

AHFC Grants for Homeless and Supportive Housing

 

Arizona

Arizona Department of Housing Resources

 

California

CA Department of Housing and Community Development

 

Colorado

Colorado Housing Assistance Corporation

 

Connecticut

Housing Grants for Connecticut

 

Delaware

Delaware HUD

Delaware Financial Assistance & Financial Help

 

Florida

State of Florida Housing Assistance

Seminole County, FL – Housing and Financial Assistance

 

Georgia

Office of Public Housing Serving Georgia

Georgia HUD

 

Hawaii

Hawaii HUD

Children’s Advocacy Project Housing/Utility Assistance Resources

 

Idaho

Idaho Housing and Finance Association – Grant Programs

Idaho HUD

 

Illinois

Illinois Housing Development Authority – Rental Assistance

The County of DuPage, IL – Housing Assistance

 

Indiana

Indiana HUD

Indiana Housing & Community Development Authority – Rental Assistance

 

Iowa

Iowa HUD

Iowa Financial Assistance & Financial Help

 

Kansas

Kansas HUD

Kansas Financial Assistance & Financial Help

 

Kentucky

Kentucky Financial Assistance & Financial Help

Kentucky HUD

 

Louisiana

Housing Grants for Louisiana

Louisiana HUD

 

Maine

HUD Maine

The Bridging Rental Assistance Program (BRAP)

 

Maryland

Maryland HUD

Financial Assistance of Baltimore County

 

Massachusetts

MA Housing and Economic Development Housing Assistance

Housing Assistance – Cape Cod

 

Michigan

Michigan State Housing Authority

Michigan Financial Assistance & Financial Help Resources

 

Minnesota

How to Get Emergency Assistance in the Twin Cities

 

Mississippi

Mississippi Home Corporation

Rental Assistance in Mississippi - HUD

 

Missouri

Missouri HUD

Missouri’s Guide to Housing Assistance Programs PDF

 

Montana

Montana Home Investment Partnership Program

Rental Help in Montana HUD

 

Nebraska

Nebraska Department of Economic Development – Housing Programs

Nebraska HUD

 

Nevada

Nevada Housing Division Resources

Southern Nevada Regional Housing Authority – Housing Choice Voucher Program

 

New Hampshire

New Hampshire HUD

New Hampshire Emergency Assistance Funds

 

New Jersey

New Jersey HUD

Assistance for Single Mothers in New Jersey

 

New Mexico

New Mexico HUD

New Mexico Housing Assistance

 

New York

HUD Homeownership Assistance New York

NYC Department of Housing Preservation & Development – HomeFirst Program

 

North Carolina

North Caroline HUD

North Carolina Benefits

 

North Dakota

North Dakota Housing Finance Authority – Rental Assistance

ND Department of Commerce HOME program

 

Ohio

Ohio Housing Finance Agency

Ohio Housing Assistance Grant Program

 

Oklahoma

HUD Homeowner Assistance for Oklahoma

Oklahoma Community Housing Assistance

 

Oregon

Oregon Grant and Tax Credit Programs for Housing

Oregon Housing and Community Services

 

Pennsylvania

PA Housing Finance Authority

Pennsylvania HUD

 

Rhode Island

Rhode Island Housing

Rhode Island American Dream Downpayment Initiative PDF

 

South Carolina

HUD South Carolina

South Carolina Section 8

 

South Dakota

South Dakota HUD

South Dakota Low Income Housing

 

Tennessee

Tennessee Housing Development Agency

Tennessee HUD

 

Texas

TX Department of Housing and Community Affairs – Programs

Texas Department of Housing and Community Affairs

 

Utah

Utah HUD

Utah HCD Grants and Assistance

 

Vermont

Vermont HUD

Burlington, VT Buy a Home Program

 

Virginia

Virginia HUD

Virginia Housing Assistance For Veterans

 

Washington

Washington HUD

Seattle Rent Assistance

 

West Virginia

West Virginia HUD

West Virginia Financial Assistance & Financial Help

 

Wisconsin

Wisconsin Housing Assistance Programs

Milwaukee, Wisconsin Rent Assistance Agencies

 

Wyoming

Wyoming Financial Assistance & Financial

Wyoming HUD

The Bottom Line

Just because you do not have the money to pay the rent does not mean you should lose your home or apartment. There are emergency loans for rent that can be obtained quickly, and often with a simple online application. Traditional lenders will not provide these types of loans. You may also find it increasingly difficult to get a personal loan from a traditional lender if you have poor credit. So perhaps the best and only chance you have is to apply for emergency loans for rent with a reputable online lender if you need money fast for rent.

  • You must have an a median income or one that is a certain percentage of the poverty level (usually 100%)
  • You generally must be in imminent danger of eviction
  • You may have to present an eviction demand letter from your landlord

Your Daughter's Wedding
  • 2 MIN READ|
  • 0 Comment |
  • 198 |
  • by Joseph Priebe|
  • March 29, 2019 |
  • Loans

Wedding loans cover unexpected expenses on your special day

Your daughter is getting married next week, and it’s not going to be a small, intimate occasion. She’s wanted a big wedding since she was six, and every detail has been planned down to the letter. The venue, the caterer, the band for the reception, the florist, the cake… It’s been months in the planning.

You’ve gotten to know the groom, and he’s a good guy, with better prospects than you had when you were his age. You respect him, and you can see it in your daughter’s eyes when she talks about him; he’s going to take care of her, and your grandchildren. You know – you’re not entirely sure how you know, but you do know – that this will last a lifetime. And you are keenly aware of what a rarity that is these days.

While your daughter daydreams of the years to come, you secretly think of all the spoiling you will heap on your grandchildren; the thought makes you smile, almost in secret. You decide you will embark on a few projects as your grandchildren grow. There are some books you want to read to them, and others you will convince them to read on their own. You’ll keep track of their growth with permanent marker lines on the wall, right next to where you did the same thing with their mother. You will go out of your way to make the Holidays extra special, extra magical; you intend to be the most grandparent of grandparents in the history of grandparents.

You can see far into the future; the soccer games, the recitals, the birthday parties where your daughter will lightheartedly complain about how much you spoil them one year and then seriously complain about how much you spoil them the next. But think of all the memories, and of course, you intend to take picture of every moment that-

The photographer!

Frantically, you think back over the months you and your daughter spoke about all the details that needed to be taken care of and realize she never once mentioned a wedding photographer. But she couldn’t possibly have forgotten about that, could she? That’s not a minor detail for a wedding.

So you call her and you nervously ask, with the excuse that you’re just being overly cautious.

“It’s OK, Mom”, she says without a trace of worry in her voice, “We’ve got a friend helping out with that. Saves us a few bucks.”

No. You know how this will go. The pictures will be very low quality, and while she will plaster a smile on her face when she shows you the recorded events of the most important day in her life thus far, you know she’s inwardly disappointed.

“But we’re all out of money”, she protests. You can tell by the tone in her voice she’s beginning to realize you’re right. “It’s OK,” you reassure her, “We’ll take care of this.” You know you don’t have any extra money right now either, but that’s a minor detail. This is far too important to just let it go, to trust such importance in the hands of an amateur photographer.

So maybe this exact situation doesn’t happen all that often, but you get the idea. Unexpected or last-minute expenses happen on occasion, and sometimes they’re too important to pass up. That’s what CASH 1 is here for. Come see us online for Payday Loans in Nevada, and we’ll help you solve those unexpected financial problems.

Wedding loans can help you cover any unexpected expenses on your special day

Tired of borrowing money from family and friends?
  • 1 MIN READ|
  • 0 Comment |
  • 146 |
  • by Joseph Priebe|
  • March 29, 2019 |
  • Personal Finance


When you're in a bind and have no options, it's understandable to turn to family and friends for assistance. Some feel uncomfortable asking loved ones for money because it can be uncomfortable, while others have borrowed once or twice before and feel they can't ask again.

Worst of all, many have borrowed in the past and have learned the hard way that friends and money don't mix. Whichever boat you fall into, you have other options besides asking friends or family members for the money.

Even if you have bad credit, you can turn to CASH 1 to apply for the cash advance you need to assist you with getting over a minor financial hurdle. With CASH 1, you can apply online for payday loans, personal installment loans, retail lines of credit and title loans. Whichever you choose, the money will be deposited into your checking account in no time if you're approved. The application is easy, and CASH 1 never requires a credit check.

Consider contacting CASH 1, to get the money you need without the added familial obligation.

Friends and Family
  • 2 MIN READ|
  • 0 Comment |
  • 154 |
  • by Joseph Priebe|
  • March 29, 2019 |
  • Personal Finance

CASH-1-Houston-Payday-Loans-Friends-p-New.jpg

“Friends” just turned twenty. The TV show, not necessarily the folks you are acquainted with; we have no idea how old your friends are, but the ‘Friends’ known as Ross, Monica, Phoebe, Chandler, Rachel and Joey said their first words in the Central Perk coffee house in September of 1994, just over twenty years ago.

We’re having a hard time believing it as well. We bet it would be hard to find someone who hasn’t watched an episode of one of the most famous sitcoms ever put on TV. It is consistently ranked among the ten best sitcoms ever produced, and most of the time it finds itself in the top five of any given ranking of such programs.

For all its entertainment, it was, after all, a television show. Set in New York, filmed exclusively on the Warner Brothers lot in Burbank, California (the fourth season finale was shot in London) and consisting of a cast of characters, at least three of whom would never have been able to afford living anywhere in Manhattan, the show was the perfect example of American escapism; a story that takes place in a reality the audience is familiar with, but is filled with all kinds of fantasy elements that really made it not much different from Star Trek.

“What?” you may be exclaiming as you read this. Indulge us if you would.

While ‘Friends’ may not have been a showcase of science fiction concepts, it did feature social issues from a standpoint of presenting hard moral choices through the lens of a familiar-but-not-quite-real landscape. The bridge of the Enterprise might as well have been the coffee shop known as Central Perk for all the central issues discussed; people breaking character or traditional roles (seriously, Rachel may be the only waitress in existence who didn’t really have to do her job). Joey wrestles with the dilemma of compromising his standards for the opportunity of getting a role on a soap opera. One episode in the entire series, just one, shows him and two other characters (Rachel and Phoebe) struggling with finances in one of the most expensive cities in the world.

And this is where Cash1 would like to remind you that we are all too familiar with real-world struggles, especially one of the most difficult struggles of all; dealing with financial problems and obstacles. We all wish life were like ‘Friends' (or Star Trek; instant food really would save on all that cooking and dishwashing), and it would be great if we could to work jobs where we could slip out at any time of the afternoon to go hang out with a friend, or just go get into wacky situations that probably wouldn’t have happened if we hadn't left the office.

You can find ‘Friends’ streaming on Netflix these days, and you can find CASH 1 online if you are ever in need of an auto title loan or Payday Loan. We’ll be there for you.

 

You can find ‘friends’ streaming on netflix and you can find CASH 1 online for payday loans.