This is from
cash loan – Yahoo News Search Results:
A new Commbank survey revealed that 47 percent of 1000 home buyers have admitted to have bought or are currently planning to buy an investment property
(PRWEB) March 08, 2014
A new Commbank survey revealed that 47 percent of 1000 home buyers have admitted to have bought or are currently planning to buy an investment property (News.com.au reported on 27 February 2014).
The study also found that property investors choose properties based on their distance to key amenities and the value of their home loan repayments.
“This is what people do in a boom – invest, so I’m no longer surprised to hear stories about increased investor activity these days. Aussies are now gaining their interest with the real estate market again, since house prices just keep on jumping up every minute and they want a piece of the action,” commented Rick Otton, a sought after property coach around Australia.
“The downside of this, however, is that cash-rich investors get to have a much bigger slice of the real estate market, because traditional investing requires a lot of cash to buy property,” he said.
Mr. Otton then shared that cash-strapped property investors shouldn’t feel desperate about their chances of entering the property market, because there are other ways to buy houses for sale without spending a lot of cash.
“When you want to invest, but you don’t have the money demanded by the bank or traditional sellers, thinking creatively will help you enter the property market without waiting a long time to save up cash or even applying for a new home loan. In thinking creatively, you’ll open your mind to different possibilities and start to realize that there’s not just one way to enter the real estate market,” Mr. Otton commented.
“One of the most common ways of entering the market creatively is through piggybacking somebody else’s home loan. Now that the new Credit Act will take effect, expect banks to tighten their requirements for home loan applications, so less people can qualify for a loan. Rather than face the heartbreak of applying for new home loans, home buyers could look for old home loans that they could take over and help sellers, who no longer want their old debts, in the process,” he explained.
For more info on seller finance, visit http://creativerealestate.com.au/freepack/ to order a free copy of Rick Otton’s Power Property Profits Pack.
About Rick Otton
For over 23 years property millionaire Rick Otton has built an impressive real estate portfolio using innovative strategies that he has developed – strategies in which transactions are made without the need for traditional bank-type loans.
He constantly refines his techniques as he buys and sells properties through his We Buy Houses business which operates in Australia, New Zealand and the UK.
A gifted speaker and educator, Mr. Otton conducts regular one-day free seminars across Australia, which build on the the concepts he shares in his 2012 book ‘How To Buy A House For A Dollar’, voted by Money Magazine and Dymocks Book stores as one of the Top 10 Most Popular Finance Titles for 2013.
He regularly records and publishes iTunes podcasts via his channel Creative Real Estate.
His innovative low-risk, high-reward approach to Australian real estate investing has been featured in a variety of television programs and magazines, including Today Tonight, Hot Property and Australian Property Investor.
Lack of Cash is Not an Obstacle to Property Investing, Teaches Rick Otton
Did you know that Walt Disney is cryogenically frozen beneath the Pirates of the Caribbean ride in Disneyland, California? Well, no he is not. But myths and falsely spread rumours eventually start sounding true when repeated too often. Especially on the internet, where ‘yes it is’ and ‘no it is not’ debates that are somehow ‘proven with facts’ can make you wonder if you actually are living on Mars!
If you have never applied for a payday loan before, then the chances are, the internet has boggled you too. So should you take a payday loan or is there really a chimpanzee sitting on the other side of the screen trying to get access to your personal information so that he could impersonate you and take over the world? Let’s find out.
Following are the most common myths associated with online payday loans and the truth behind them:
Myth # 1: Online Payday Loans are a Hoax
It takes only a day to get the loan approved and the money transferred into your account. Sounds too good to be true as it is. It is no wonder then that these loans are considered a con. Well, they aren’t. At least not all of them. Sure there are the online spammers that will try to get access to your personal and banking details, but the rest are as real as they come. So as long as you do your research well and find a reliable and trustworthy online lender, it can offer you real time convenience.
Myth # 2: Online Payday Loans Can Cost You a Lot More than What the Lenders Claim
This generally happens when either the borrower fails to read or understand the instructions and the payback time limits by the lender. Every lender charges a specific interest rate which invariably increases if you fail to make the payment on time. Thus, it is suggested that you read the clauses carefully and only opt for payback options that are most suitable to you. One way to avoid this is to apply for payday loans through broker websites as they will offer quotes from a number of lenders that you can compare and select based on your own preferences and comfort.
Myth # 3: Payday Lenders are Not Regulated
Payday lenders are not part time freelancers who will get access to your personal and financial information. Payday loans are as legit as they come and they are regulated by the regulatory bodies and the appropriate agencies.
Myth # 4: You Cannot Get a Payday Loan if You Are Unemployed
The objective of the payday loan is to payback on your next payday, that doesn’t necessarily have to be a regular job. You can get payday loans if you are self employed, freelancing or even unemployed as long as you can provide proof that you have a stable and regular source of monthly income.
These are four of the most common myths about payday loans that have fallen prey to the ‘online experts and critics’. Online payday loans offer the safety net in times of emergencies and cash crunches and can offer the convenience if you apply through reliable payday loan brokers.
address: 3rd Floor, 207 Regent Street, London. W1B 3HH.
Company Number: 07475476.
Credit Consumer Licence: 0642188.
See original article:
Payday Loans That Pay Off – BriefingWire.com
Writing Clinic #1: Busta’s Payday Loan Rules
by Ali Luke
Welcome to Writing Clinic! This is a weekly series where I choose one post at random from those submitted and give feedback and editorial suggestions. If you’d like to take part, read this post for details.
Note that if your post wasn’t chosen this week and you still want it be considered, you’ll need to resubmit it for next week’s draw.
Today’s post is “5 Rules to Get Out of Your Payday Loan” from Busta of BustaLoan.com. It’s already been published, but I’m assuming Busta will update it in light of my feedback, so I’ll give you the current version of the post here.
How the Post Looks
The Post Text
Here’s the full text of Busta’s post:
Rule #1 to get out of your payday loan
The full time job of your payday loan lender is to keep you in debt! Payday loan lenders are not your friend! PDL collectors have much more experience than you do. They’ve “heard it all” and have a killer reply to every excuse you offer; unless you’ve done your homework. (I can help you with HOMEWORK!)
Rule #2 to get out of your payday loan
Don’t allow the collector to “get inside” your head. Share nothing; zero information. Never use abusive language. This is a game so keep your cool. For the collector, it’s not personal. They’re simply doing their job. Payday loan collectors are generally not the “cream-of-the-crop.” Those who are really good, move up the food chain to mortgages, credit card debt…
Rule #3 to get out of your payday loan
Never, ever give a payday loan lender access to your bank account again. Use Western Union, Money Gram, a money order, a prepaid card… anything but your bank routing and account numbers! NEVER!! And NEVER cash a check you receive from them! More on this later.
Rule #4 to get out of your payday loan
Never volunteer any information to a lender or collector. They already know EVERYTHING about you as a result of your original payday loan application. That means no updates regarding your phone number (get a throw away, prepaid phone at Target, Wal-mart, Radio Shack…), your employment, your address, your new bank account, your new puppy’s name, children’s names…NOTHING!
Rule #5 to get out of your payday loan
Your Job #1 is to “poor mouth” yourself; you have zero money today and zero prospects for tomorrow.
What’s Working Well
As the posts stands, Busta’s doing a lot of things right:
#1: The Title
He has a great title, with a number, the word “rules” (which is powerful – it implies that if you don’t do even one of these things, you’re getting it wrong). The title also contains the word “your”, which helps make a connection with the reader.
#2: The Structure
Busta’s post has a clear structure (though it’s missing a beginning and end, which I’ll come onto in a minute). He’s numbered the points within the post (sounds basic, but bloggers often forget to) and he’s using subheadings.
#3: The Writing Style
The post is well-written: not just free of sloppy mistakes, but also conversational in tone, addressing the reader as “you”. In fact, Busta uses the word “you” 8 times and “your” 17 times … and the word “I” just once.
What Might Need Tweaking
Of course, being a writer and editor, I usually find something to pick on. Here are a few suggested changes for Busta’s post. Do any of these apply to your most recent blog post too?
Suggestion #1: Add an Introduction and Conclusion
As it stands, Busta’s list of rules forms the whole of the post. I’d really like to see an introductory paragraph and a line at the end to round things off.
Why? Because a list presented on its own can come across as a bit abrupt and even not-quite-finished to the reader.
Suggestion #2: Change the Subheadings
All of Busta’s subheadings are almost the same – “Rule #N to get out of your payday loan”. While it’s great to have the subheadings in place, I’d much rather each subheading gave the actual rule, like this:
Rule #1: Payday Loan Lenders Aren’t Your Friends
Rule #2: Don’t Let the Collector Get to You
I think this would also help clarify the rules themselves; in some cases, like in point #2, it’s not 100% clear what the actual rule is.
My impression is that Busta might have chosen to use the very-similar subheadings for SEO reasons. This is a mistake: keyword density isn’t especially important, and you definitely shouldn’t allow your keyword to take priority over writing content that’s useful for readers.
Suggestion #3: Expand on Rule #5
Maybe Busta was running out of steam as he wrote the post (I know that happens to me!) or maybe he just couldn’t think of much to say. Either way, Rule #5 is less than half the length of the other rules, and this makes the post look unbalanced.
(I also think Rule 5 could do with a bit of clarifying. I think Busta’s saying that you need to be tough on yourself, and tell it like it is, but I’m not quite sure.)
Suggestion #4: Change the Link in Rule #1
In Rule #1, Busta has a link with the anchor text “payday loan lenders”. I expected this to go to a blog post on this topic – but actually it goes to his home page.
This leads me to think the link is in there for SEO reasons. If that’s the case, Busta’s worrying about SEO at the expense of creating content that’s super-useful for readers: always a mistake. I’d either take this link out altogether, or create a link to a blog post that offers further information.
The word “HOMEWORK” seemed to be crying out to be a link to another post, or perhaps a landing page for Busta’s newsletter.
Suggestion #5: Use Headers not Bold for Subheadings
HTML code has heading styles, like H1 (used for your post title), H2 (used for first-level subheadings in my post here). In the WordPress visual editor, you can select these using the “Paragraph” dropdown. Depending on your theme, you may find you need to use bold text for sub-subheadings, or you may have an H3 style set up.
Using H2 for subheadings makes them larger and more attractive to readers, and also gives a little more weight to the words in them for SEO purposes.
Suggestion #6: Expand the Whole Post
This is quite a concise post from Busta at 282 words, and I think it would work well at this length and level of depth for an email newsletter. As a blog post, though, Busta might want to consider expanding it – perhaps by adding in links to other resources (on his site or elsewhere) and by quoting from other experts on payday loans to help reinforce his points.
Busta, thanks for being brave enough to submit your post for the very first Writing Clinic. I really like your direct, forthright style, and I hope these suggestions help you and help other DailyBlogTips readers as well.
Do you have a suggestion for Busta, or do you want to point out something you really liked about his post? Let us know in the comments. (Please be polite and constructive with your feedback.)
Wanna make money with your own website? Check my Online Profits training program.
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Writing Clinic #1: Busta's Payday Loan Rules – Daily Blog Tips
Here’s %category%-related post from
cash loan – Yahoo News Search Results:
One of Canada’s biggest lenders is offering some relief to farmers hit by a cash crunch because of a backlog in shipping grain across the country, offering delayed loan repayments and flexible terms on new and existing credit lines.
Bank of Montreal announced Thursday it would offer a financial relief program to assist commercial customers in British Columbia, Alberta, Saskatchewan and Manitoba affected by unprecedented delays in being able to ship and sell their harvests to market.
“We want to provide immediate support to any grain producers and other related businesses that may be experiencing cash flow disruptions as a result of the backlog, which can hamper their ability to finance crop expenses for the upcoming season,” BMO vice-president Steve Murphy said.
“We stand by our customers in good times and bad times and hope this program will help to alleviate some challenges.”
The bank’s plans include:
Deferral of loan payments.
Waiver of a new loan application and concessions on renewal fees.
Flexible terms on existing and new lines of credit for 2014 are being developed on a case-by-case basis.
The move comes amid an agricultural crisis brought about by a serious shortage of open rail cars to ship grain. Farmers don’t get paid for their crops until they have been delivered to market, and that’s taking several months longer than usual at the moment because Canada’s major rail carriers can’t keep up.
Railways like Canadian Pacific and Canadian National say biting cold weather is reducing capacity along their lines. But some critics contend that part of the problem is that trains are shipping a lot more oil by rail than they normally do, and that’s leaving other goods literally left out in the cold.
Canadian farmers have seen a bumper crop in grains like wheat, corn, oats, barley and canola this year, and they’re eager to take advantage of high prices for most of those commodities. Canadian farmers harvested a record crop of 80 million tons of grain this year — 27 per cent more than the previous record, set in 2009.
But more than five million tons of that is currently sitting idle in storage containers, waiting to be brought to market, as it has been for months is some cases. Farming groups say the backlog is so bad that many farmers won’t have enough money to pay their expenses for the coming year.
Saskatchewan’s agriculture minister Lyle Stewart asked financial institutions this week to cut farmers some slack because of a grain transportation backlog.
“I think the banks will recognize that there’s lots of value in the grain in those producers’ bins and they’ll be flexible, but I felt it appropriate to suggest that to them, that producers are a pretty good risk and we’d ask for some flexibility,” Stewart said Wednesday.
I know that cash flow is very tight for some of them, that’s for sure,” said Stewart. “When it comes right down to it, they have a lot of money tied up in their grain inventory, hundreds of thousands, in some cases millions of dollars, and so they’re a long ways from bankrupt.
“But certainly cash flow is a serious issue, particularly as we get closer to seeding and that time of the year when producers need to spend a lot of money,” Stewart said.
For its part, the rail industry says its aware of the problem, and working to address it. CP put out a full-page ad in several Canadian newspapers today, noting the company has been “severely impacted by harsh winter temperatures not seen in more than 60 years.”
So far the temperature has dipped below -25 degrees Celsius a record 49 times in the past three months, a figure CP president Hunter Harrison calls “a tipping point” for railways as it’s almost twice as many as normal.
“We’ll do out part,” Harrison said. “We expect to move 240,000 carloads of Canadian grain this crop year, a more than 20 per cent increase over last year’s record.”
Grain backlog prompts BMO to loosen farmer loan terms
Here’s %category%-related post from
cash loan – Yahoo News Search Results:
The first wave of tech-based alternative lenders — companies like OnDeck and Kabbage, which opened in 2007 and 2011 — used innovative software and data metrics, including social media interactions and Yelp reviews, to assess the health of a business. OnDeck alone has underwritten more than $900 million in loans. And Kabbage, which targets online merchants, lent $200 million in 2013.
But these loans typically are similar to a cash advance, with a fixed amount or percent of sales deducted daily from the borrower’s bank account over several months. Given the short loan terms, a small-business borrower can end up paying 50 percent or more on an annualized basis without realizing it. Those rates, however, have made it easy for OnDeck and Kabbage to line up institutional investors looking to supply capital and take a piece of the action.
That has opened the door for the latest lending upstarts, which combine digital innovation and efficiency with true term loans akin to bank loans. Their rates are higher than those charged by banks but lower than those charged by the short-term alternative lenders and the merchant cash advance providers. “It’s not about disintermediating the banks but the very high-yield lenders,” said Ethan Senturia, chief executive of Dealstruck.
Mr. Senturia’s company can offer lower rates by targeting midprime or near-prime borrowers and by lending larger amounts for longer terms. Dealstruck, like Funding Circle, uses a peer-to-peer model, meaning wealthy investors put up the capital for individual loans, which the lenders say lowers their cost of capital by freeing them from raising money.
To secure the loans, these platforms typically require a personal guarantee or business assets as collateral. Along with lower rates, the new lenders offer some transparency to what has been an opaque and confusing market. “We are trying to price fairly for the business,” Mr. Senturia said. “That doesn’t always mean cheap. But we will tell you what we are charging and why.”
Dealstruck’s interest rates range from 8 to 24 percent for loans of up to $250,000 that can stretch for three years. Funding Circle, a British lender that has expanded into the United States, charges 10 to 17 percent for loans of up to $500,000.
The peer-to-peer model is already established in consumer lending, with two companies, Lending Club and Prosper, making more than $4 billion in consumer loans. Now the market for peer-to-peer small-business loans is heating up. Lending Club plans to expand into the market this year. And Daric, a peer platform backed by a former Wells Fargo chief executive, opened recently.
Fundation, which is based in New York, offers terms friendly to small borrowers on par with the peer-to-peer lenders, but a partner, Garrison Investment Group, supplies the money. “There’s a lot of room for a lot of different types of lenders,” Mr. Graziano said. Since opening last year, his company has made about 90 loans at rates ranging from 9 to 24 percent. The average loan is $175,000 with a three-year term.
One of those loans went to Lydia Aguinaldo, owner of Pines Home Health Care Services, in Broward County, Fla. Like Mr. Rincon, she had resorted to a high-interest loan from a merchant cash advance provider for her 13-year-old adult care business. She replaced that loan recently with a three-year, $250,000 loan from Fundation. The interest rate, 19 percent, is still high, she said, but it is much lower than what she had been paying.
The fresh competition is already forcing established players to adjust. In February, OnDeck announced it would begin offering loans of up to $250,000 with terms of 12 to 24 months and interest rates of 20 to 40 percent. Noah Breslow, OnDeck’s chief executive, said the move into bigger, longer-term loans reflects the growing accuracy of OnDeck’s lending model, now in its fourth generation, and market demand. “I don’t think we’ll ever get to a five-year bank loan, but we’ll continue to move upstream,” Mr. Breslow said.
The competitive scrum can only be good news for small businesses with big plans. Mr. Hecht of Fundera predicted a day when “there is a credit product out there for everyone.” He added, “We’re just at the beginning of this.”
—The New York Times
Businesses try 'middle path' lenders
What is a payday loan?
A payday loan allows you to quickly borrow cash that you promise to repay when you get your next paycheque or your next social assistance, disability, pension, or other regular income payment.
Who are payday lenders?
Payday lenders are businesses that give loans to people who cannot get a loan from a bank or credit union. They usually charge much higher interest and fees than banks and credit unions.
You can often find them in strip malls and other store-front offices. Some payday lenders offer their services over the Internet. They often have the words “cash” or “money” in their names.
Payday lenders may offer other services too, like buying gold or cashing cheques. However, they cannot force you to use these other services in order to get the loan. They cannot offer you other services while you are in the process of getting a loan from them.
Payday lenders must be licensed. The Ontario Ministry of Consumer Services gives licenses to approved payday lenders. The license must be clearly displayed in the store or on the website.
How does a payday loan work?
Payday loans are loans that you agree to repay in a short time, usually 14 to 28 days, but no more than 62 days. The most money you can borrow in a payday loan in Ontario is $1,500.
Payday lenders cannot ask you for “collateral” or for someone to be your “guarantor”. They usually want proof that you have a regular income, a bank account, and a permanent address. A lender is allowed to call your employer to confirm details of your employment. They are not allowed to contact anyone else about your loan.
What must lenders tell me before I get a payday loan?
Any advertisement containing information about a payday loan must tell you:
The most interest and fees that they can charge you legally for the loan, which is $21 for every $100 you borrow,
When you must repay the loan,
The total amount you must repay, and
What it would cost to borrow $300.
How do I repay the loan?
Usually the lender will want your to repay the loan with either a preauthorized debit form, which takes money directly out of your bank account on the agreed date, or a postdated cheque from your regular bank account. You sign the cheque with the date in the future that you expect to have money in your account. The payday lender will cash the cheque on that date.
A payday lender cannot take your pay directly from your employer to repay the loan. This means they cannot ask you to sign a “wage assignment” or other document that would let them take your pay.
You can repay a loan at any time before it is due. You still have to pay the interest and fees you agreed to, but the lender cannot charge you extra for repaying the loan early.
Next month, we’ll talk in more detail about payday loans and what to do if you change your mind, can’t repay the loan, or have problems with the payday lender.
Getting legal help ~ Community legal clinics
For legal help or advice, consumers can contact their local community legal clinic.
Printed from CLEO ~ Community Legal Education Ontario: “Consumer Law Series: Payday Loans”
See original article:
Payday Loans: Part 1 | Brant Haldimand Norfolk Community Legal …
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