If you read the news headlines about payday loan, you likely picture companies preying on low income families in need of money. When fees are factored into APR's, they reach percentages of over 200%. On paper, this can easily be made to be a horrifying payday loans option. The reality of payday loans is far less scary. These payday loans online are very small, sometimes as low as $50, and the fees are not an APR, they are small one-time fees that are repaid as soon as the loan is repaid on payday.
Payday loans are designed to provide emergency funding to people who are in dire need of money before payday. This can be to meet medical expenses or to pay a bill before services are terminated or property repossessed. Typically, customers use these loans when the ramifications of waiting until payday are simply too high. The fees on these loans are a small percentage of the money borrowed, paid back all at once.
What many people fail to understand is that banks and major lenders ignore people with low income and bad credit. Minimum loan amounts are remarkably high, and many people are turned away. This means that people who only need small amounts or who have bad credit are never given the funds they need. Without payday loans, there are many people who would have to go without electricity, medication, or even have their property repossessed before their next payday.
Payday loans work to help people in the sectors ignored by most lenders. This includes military personnel, seniors on a fixed income, low income families, and people with poor credit. Without the payday loan industry, these sectors of the market would have no access to borrowed funds at all.
When you stop to understand how payday loans really work and that fees are never meant to accrue, it is easy to see that there is no monster and nobody is preying on anyone. These loans actually provide a very valuable financial service that can even help people restore their credit while helping them out of a dire financial situation. Payday loans are a necessary service. Without them, there are thousands of people who would simply find themselves with no options when an emergency arises. When you are in a true financial crisis, a small loan with a small fee that can be automatically repaid on your next payday is a very small price for knowing that a solution to your problems is readily available.
After Warranty Assistance for Owners with Expired Auto Warranties
Sometimes, you may hear of someone getting auto warranty work done on his or her vehicle even after the auto warranty has expired. You may be wondering how they managed to get the work covered and why you were not able to do the same thing when your car broke down twenty miles after your car warranty expired.
There is a type of coverage that is available to car dealerships called after extended auto warranty assistance. This plan is available to dealers to do work on a vehicle whose warranty has just recently expired.
This plan sounds great and you are probably wondering why you do not hear more of it. There is a catch to the after warranty assistance program. Understanding the catches will help you make sure you can take part in the program in the future.
The first thing to know is that the warranty plan is not available for all repairs. If you have already purchased an extended warranty, then you are not eligible, and there are restrictions based on how much time has passed since your original warranty expired.
Second, you should understand that it is completely at the dealer’s discretion when to use the after warranty assistance program. They do not technically have to offer the assistance at all. This is why you hear about it sometimes, but not in every circumstance.
Some things you can do to help your chances in case you need the assistance include taking care of your car. Making sure that regular maintenance like oil changes and tire balances will show that you care about making sure your car is in proper working order. Dealerships are more likely to extend help to those who exhibit habits of responsible car ownership.
You can also show loyalty to the dealer by brining your car to them for all routine maintenance. Think about it, if a dealer can choose whether or not to help a car owner with warranty work, but they are limited on just how many claims they can log, who do you think they will be more likely to help?
Of course, most dealerships are going to feel more benevolent towards car owners who continue to bring them business.
In any case, it is good to know that the after warranty assistance program does exist for car owners whose warranty has expired very recently. If you need work done, it never hurts to ask if there is any help that can be offered.
There is a type of coverage that is available to car dealerships called after extended auto warranty assistance. This plan is available to dealers to do work on a vehicle whose warranty has just recently expired.
This plan sounds great and you are probably wondering why you do not hear more of it. There is a catch to the after warranty assistance program. Understanding the catches will help you make sure you can take part in the program in the future.
The first thing to know is that the warranty plan is not available for all repairs. If you have already purchased an extended warranty, then you are not eligible, and there are restrictions based on how much time has passed since your original warranty expired.
Second, you should understand that it is completely at the dealer’s discretion when to use the after warranty assistance program. They do not technically have to offer the assistance at all. This is why you hear about it sometimes, but not in every circumstance.
Some things you can do to help your chances in case you need the assistance include taking care of your car. Making sure that regular maintenance like oil changes and tire balances will show that you care about making sure your car is in proper working order. Dealerships are more likely to extend help to those who exhibit habits of responsible car ownership.
You can also show loyalty to the dealer by brining your car to them for all routine maintenance. Think about it, if a dealer can choose whether or not to help a car owner with warranty work, but they are limited on just how many claims they can log, who do you think they will be more likely to help?
Of course, most dealerships are going to feel more benevolent towards car owners who continue to bring them business.
In any case, it is good to know that the after warranty assistance program does exist for car owners whose warranty has expired very recently. If you need work done, it never hurts to ask if there is any help that can be offered.
