How To Choose The Right PayDay Loan Lender

If you’re facing pending bills and a long gap between now and your next paycheck, and you’re out of options, you may be looking to a payday loan lender. It does sound like a convenient solution – get an advance on your salary, pay it back with some interest when you pick up your next paycheck.

Hold up: it’s never that simple. Payday loan lenders are notorious for predatory practices, which means if you aren’t careful and don’t do your research, you could easily find yourself scammed or on the hook for a larger bill than you can afford even with your paycheck.

Payday loan lenders at their best are going to charge you a relatively high interest rate, which means you should only be turning to one if you absolutely don’t have other options (and borrowing money from friends and family would be a better option, if you can). You don’t want to walk into any store. Here are things to look for in a payday loan lender, and what you should avoid.

Things to look for

How soon do you need the money? There are online and in-person options available to everyone. Storefronts will have business hours, which means they aren’t available at all times of day and if you don’t live nearby, it can be a hassle to visit.

Make sure that the business is accredited and licensed – it is required, and one that isn’t licensed could scam you without your knowledge. In some states, the practice is completely illegal, so look up your local laws.

You will also be required to bring in documentation proving you have some kind of income. Most won’t do a credit check, because the industry is generally not geared towards those with stellar credit anyway.

And the most important thing to look for is the fee. The lower it is, the more likely that they’ll have a low interest rate to correspond. Interest rates are where low-income people get trapped in a cycle with their payday loan lenders, often ultimately paying more than twice the cost of the original expense they sought an SEO backlinks loan for. Don’t be afraid to ask around about fees and do some comparison shopping before picking a loan lender.

What to watch out for

Predatory shops are everywhere. You have to be on the lookout in any loan lender you walk into. If they don’t care at all about your financial information or personal information, that’s strike one to be suspicious. Second, ask about their APR. Some charge fees as high as 400 to 1200 percent. This can easily catch you in a cycle you cannot get out of.

They might also have an unusually quick repayment deadline. Most give you 14 days – long enough for the next paycheck to come in – but for many borrowers, that simply isn’t enough time to pay it back. Check the details on that – it almost certainly involves another exorbitant fee increase.

Payday loan lenders should always be a last option, but many people who are using them are well aware of that. The most important thing you can do to safely take out a payday loan is read the fine print carefully, and don’t be afraid to ask explicit questions about fees and costs and get your answers in writing. If you have a solid understanding of deadlines, how the loan works and what interest you’ll be charged, you can plan for a payday loan and use it safely.

5 Biggest Industries For Small Businesses

Years ago, if you wanted to start a ma and pop business, you could just about hang up a shingle for just about anything. Unfortunately, those days are long gone and you’ve got to be a little savvier before jumping onboard and investing your hard earned money on a startup.

The number one mistake most up and coming entrepreneurs make is they get on board too late. Once a trend is already in motion, the market is going to soon be flooded.

A while back, for example, growing high end organic produce was hot, after all, you don’t really need much more experience than doing little home gardening and all you needed just a little land. It wasn’t long though, that the market was flooded, because every guy in Birkenstocks and holding shovel was calling himself a “farmer.”

You’ve got to be original and most importantly, you’ve got to first.

Here are some hot tips to give you an idea.

Contract work

Contract work is when one party “contracts” another to perform a designated task. Most often it’s writing in some capacity, but it can also be consulting, bookkeeping or just about any other field.

Many companies have a need for a temporary specific assignment that they turn to the independent contractor to complete for them.  This may range from writing a press release to data collection and analysis, to perhaps teaching an online course.

An independent contractor can fulfill that need.

This can be perfect for a person who may have the life experience and knowledge, but not the degree to back it up.

There are many different freelance contract work sites available for just about every field.

Real estate

Real estate is almost always a winner for the up and coming entrepreneur and is tailor made for people like single mothers or for those who are looking for retirement work.

Although, real estate sales do fluctuate with the economy, the upside is it’s also a very low overhead business for the upstart.  Many real estate agencies are operated right from a home office so you’re adding the additional bonus of tax-deductions for this space, as well.

Home sales are at an all-time high right now and there’s a desperate need in most places for real estate agents and brokers.

In most states, you must first work through an established broker to take classes to learn about the various state laws governing real estate requirements.  After you obtain a realtors license and get some sales under your belt, you can apply for what is known as a “broker’s license.”

Once you obtain a broker’s license you are set to open your own office and area of specialty.

Tax preparation

Tax preparation is something that takes minimal training and at a minimal cost.

It doesn’t matter what you do for work, everybody needs to file taxes and many require the special services of a professional tax preparer. More and more people are working for themselves and require a little more skill than just filling out a simple 1040EZ.

The tax laws are continually changing at a rate that is difficult for the small business owner to keep pace with.

With a little training and a small investment for the classes and the required software, you can prepare taxes.

Another great aspect is that tax preparation is a high “word of mouth” industry where once you’re established and proven to be a refund generator, the work will come to you.

Equipment rental

Although, it does require some startup funds, the commercial equipment rental business is another good business for the upstart.

Equipment rentals that cater to the contractor can’t go wrong. While relying on the general public for a rental business is high risk prospect, commercial rentals are not.  Every hardware store in the country will rent a home owner a power drill, but it’s the contractor who is the bread and butter customer.

Contractors have many, many temporary needs for a specific piece of equipment that they may use occasionally, but not enough to make purchasing it worthwhile.  However, there’s a limited supply of rental operations for them to choice from.

Contractors are also are steady, reliable customers that can be counted on for repeat business.

Tech implementation consultation

If you’re one of those people friends turn to whenever they have a tech or computer issue, IT support might be for you. A qualified IT specialist will find no shortage of work in today’s industry.

Most of today’s new startups are tech driven and every business relies on some sort of technology.  When this technology fails, they need fast support to keep operating smoothly.

Technology is also rapidly changing at a pace many businesses can’t keep up with, so they turn to the IT specialist or consultant to help them.

With minimal extra training and a small cost to become certified, IT can be a lucrative low overhead startup.

Our favorite fabrics on our favorite beds

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It’s true, that Mary Engelbreit fabrics make great material for clothes, dresses, curtains, tablecloths and a whole host of other uses. But our favorite has always been and will always be bed sheets, duvet covers and pillow cases.

There’s just something about seeing the quirky designs laid out on a king size or queen size bed that makes them special. Of course if you want to see examples of these, you will have to trawl far across the internet to find something suitable to you.

Those lucky enough to be living in the idyllic county of Yorkshire, Englang, can check out  a range of options. They’re]. In North America, you can check out Etsy or Pinterest for some leads.

Do check those sites out. They’ll give you a valuable insight into how these fabrics will actually look in your bedroom. The designs are charming and certainly have the cute factor. But that doesn’t mean you should relegate the bed to just the children’s bed. No, they look just as fine on a double bed in an adult room.

The best thing about this, in our opinion, is that you have a range of options to buy the fabrics yourself and craft them into any type of bedroom furnishing. Create curtains and you’ll have a room fully decked out in Mary’s exquisite designs.

That’s the joy of these illustrations. You can go to bed at night and wak up in the morning with these fun cute illustrations that are now an icon of design and illustration.

 

Creating your own fabrics

As anyone who’s seen David Lynch’s masterful documentary on comic illustrator Robert Crumb will know, to achieve anything like the drawing technique of a master, requires up to eight hours a day of drawing, dilligently and unceasingly. Indeed, it is this that makes Mary Engelbert’s drawing’s so satisfying.

Just read a quote from an interview Crumb gave to The Paris Review, regarding his drawing process:

“How’s this angle, his arm, and the guy’s holding a tool, how does that look? I used Muybridge’s Animal Locomotion, from the late 1800s. It includes hundreds of photos of naked people in action, really handy for any kind of cartoon work where you have to draw people realistically in different actions and poses. Like the scene where Jacob is wrestling with the angel; fortunately there were pages of photos in Muybridge’s book of men wrestling.”

These words should be kept in mind before your begin the task of designing your own fabrics. These might look nice and duvets and pillow covers on beds, or cushions on couches, but even the abstract detailing of Mary’s drawing require thorough practice.

Watch Mary Engelbreit Draw!

Our favorite illustrators draws live for the cameras!

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