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Showing posts from September, 2019

The Best Way to Avoid Payday Loans in Vista California

It is no longer a secret about the Payday loan industry and how rigid their terms are. While they might work for those that are completely sure they can pay it back on said date, they actually have higher interest rates than the highest credit card APRs. They are usually advertised as a way for people with bad credit to get some quick cash in a bind. Let it be known that the worst financial decisions you can make are taking out a short-term loans like these. Payday loans usually range from $100 to $1,000 and have interest rates of 400% or more, as mentioned.

People who borrow these kinds of short-term loans get stuck in the revolving door debt cycle. A recent study by Pew Charitable Trusts, discovered that 7 in 10 borrowers use payday loans for everyday fast cash for reoccurring expenses attributed to rent and utilities.

The alternative and way to avoid the vicious debt cycle, would be to consult with a local Pawn shop in Vista. They have been in existence for centuries, and are becomin…

The Right Kind of Payday Loan in Vista

Often times people need to acquire money for when a refrigerator goes out, or a water heater breaks. Nine times out of ten, they usually get a $500 payday loan to get enough cash to repair or buy a new appliance. However, by the time payday comes there’s not enough left over to pay off the short-term loan causing the borrower to fall further behind the eight ball, by this time, the total amount due is $575 to $625 due to finance charges. This is what happens when a lending institution is granted access to a personal bank account. Therefore, making what seems to be a friendly payday loan a revolving door of debt.

There are other alternatives when seeking financial assistance in and around Vista California. The average collateral lender like a pawn shop, offers less intrusive terms along with lower interest rates by normal standards.  For example, places like Gems N' loans have been serving their community for over 25 years.

A loan from pawnbroker is a financial arrangement in which …