Related Financial Services - The following Debt Consolidation Loan Directory listings of companies are offered to assist you with gaining control of your personal finances and the management of your money. Also, feel free to review the rest of the sub-directories on DebtConsolidationLoan.com to shop for other finance products, such as credit cards and mortgage refinancing.
- Debt Settlement Service - If you have too many credit cards and other small debts and are unable to make your payments, this form of debt negotiation may be right for you.
- Debt Management Credit Counseling - Too many credit cards and other bills to make monthly payments on? Start here by reviewing and comparing different debt management options for getting help with your credit card bills and other monthly obligations.
- Personal Loans - Looking for a personal loan to consolidate your credit cards? These loans are usually unsecured, meaning you are not required to provide collateral. Approval is often based upon factors as your income, credit and job history.
When You Need Money Fast
Sources of Affordable Cash
It's two weeks until payday, your credit cards are maxed out ... and then your car breaks down. You only need a few hundred dollars for the repair but you need it now. Many people in these situations have turned to "alternative" financial services providers such as pawnshops, car-title lenders (for a loan secured by the borrower's car) and payday lenders (for unsecured loans that borrowers promise to repay out of their next paycheck or regular income payment). But while many nonbank lenders advertise quick and easy cash, their services tend to come at a steep price. Here are some tips for finding emergency cash at affordable prices.
36. Build your own rainy-day fund and borrow from yourself. The best way to avoid a cash crunch is to put money into an emergency savings account that you can use to pay for unforeseen expenses. Experts say this fund should equal about three to six months of living expenses to get you through a difficult period without having to take out a loan or borrow from retirement savings.
"Saving money can seem impossible when you are staring down at a stack of bills and other expenses, but many people are able to make small, simple changes in their habits or banking practices that can make the difference," said Sandra Thompson, Director of the FDIC's Division of Supervision and Consumer Protection. Possibilities include having your paycheck directly deposited into your checking account with a portion automatically placed into your emergency account.
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Summer 2007 |
Build Your Own Rainy Day Fund |
Comparison Shop for Loans | |
FDIC Consumer News is published by the Federal Deposit Insurance Corporation
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Last updated on 8/10/2007