3 Ways an installment loan can help you

Many people find it hard to make ends meet with the rising cost of healthcare and the cost of living without an increase in pay. Because of this, people are turning towards applying for loans or lines of credit to help them pay bills, buy groceries, and pay the rent. If you are in this situation, there are options for you to get help. This article will help you understand how an installment loan may be the answer to your money troubles.

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An installment loan is a loan that is paid off over a period of time. What makes this type of loan different than others is that you are given money on a periodic basis after you have already made some payments towards the balance. The terms of the loan can be made by you and the creditor and is as flexible as having 30 days or 30 years to pay off the debt. Here are some ways that this type of loan can help you get back on your feet.

 

  1. Set interest rates. Having a set interest rate for a period of time will give you peace of mind because you know what your payments will be for the duration of the loan. You will not have to worry about coming up with additional funds mid-loan term because of an increased interest rate. You will always know what your payment is and you can plan your budget accordingly. This is not always possible with other types of loans. One month your payment may be $200 and the next it could be $275 or more due to the varying APR rate. You will not have this headache with an installment loan.

 

  1. Lower monthly payments. Most installment loans have a longer term life than other loans. This means that you will likely have a lower monthly payment since you are paying the loan off over a longer period of time. While this is beneficial in the moment because you have a lower payment, you will likely pay a great deal more over the life of the loan because you are paying interest for the length of the loan term.

 

  1. Get your loan money fast. One of the greatest benefits to applying for an installment loan is that you can often count on getting the money fast. The reason for this is that documentation from lenders is not robust which takes less time to process the loan. The quickest turn around time after applying could be as little as 2 days but up to 2 weeks.

There are many great benefits to applying for an installment loan. Whether you are interested in paying off debt, consolidating credit cards, purchasing a car or a home, or need money for the cost of living, an installment loan is a great option to explore. To see if you qualify for an installment loan with a low interest rate and a generous term period, check out MTP Loans. You could be well on your way to financial freedom in a matter of a couple of days!

The Hidden Benefits of Prepaid Cards

It is widely known that prepaid cards are reloadable and are today a recognised payment option, offering the same functionality as traditional credit and debit cards. Regrettably, and what many people don’t realise is that prepaid cards can offer much more than this. Below are some of the lesser known benefits of using prepaid cards:

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Owning a Prepaid Card Can Help You maintain your Budget
If you have owned and used a conventional credit card in the past, you may very well have ended up spending more than you had initially planned for, just because the additional credit was available. This dilemma can occur even while shopping with cash as it can be quite risky, particularly if you have a lot on hand.
It can be effortless to manage and monitor a budget with a prepaid card. For example, if you have pre-decided how much you want to spend on a particular purchase, or if you have agreed upon a fixed shopping budget for each month, you may load that specific amount onto your prepaid card beforehand. This method helps to cut back on superfluous spending, as you will be limited to use the amount preloaded on your card. This is a useful function if you are supporting others financially; you can ensure that they don’t overspend and stay within the budget you have previously established.
Cheaper Than Using Bank Cards
In the majority circumstances, the cost associated with Visa prepaid cards will often be cheaper than fees associated with opening a bank account and the maintenance required. Usually, the regular prepaid card user will pay out much less in fees each month in comparison to conventional bank account users. Instead the money freed up from paying unnecessary maintenance fees could be accumulated to a substantial quantity over time which can then be used for more enjoyable and functional purposes such as shopping and dining out.
Safety Benefits of Prepaid Cards
The use of credit and debit cards include the innate possibility of fraud. Apart from having your card stolen or pickpocketed while you’re going out and about, there is also the danger of having your card hacked and stolen when shopping online. If you own and use a bank issued credit or debit card, and in the circumstance that your information falls into the wrong hands, the monetary loss incurred may not just be problematic but devastating. Additionally, there is the risk of identity theft and the ensuing damage to your credit score that can occur with a stolen credit card. In case you may be planning to shop online, conveniently load a fixed quantity into your prepaid card. This ensure that if your information does get stolen, it’s likely that you will not have much money remaining.
Easier Travelling Using Prepaid Cards
Prepaid Visa cards are an exceptional payment solution for travelling. As mentioned above, they provide remarkable safety advantages and may also advert you from overspending on your pre-established budget. By using a prepaid card, you can emphasize on enjoying your vacation instead of being anxious about possible fraud and overspending.
No Interest Fees when using Prepaid Cards
Even if you manage to qualify for a conventional credit card, it is practically impossible to find one that doesn’t charge any additional interest or maintenance fees. Various cards may offer a limited-time, no-interest applied, opening period, but after that time is over, you will be bombarded with large interest rates once again. Using prepaid cards can save you a considerable amount of money by not getting charged with high interest rates every month.
No Credit Issues Using a Prepaid Card
Prepaid cards are made available to most customers wanting to use one, irrespective of whether their credit score is bad or non-existent. Your previous credit history is not relevant to your prepaid card application, as the money you will be spending is not a loan and is simply money that you have pre-loaded into your card. This function removes the risk of debt accumulation as you won’t be inviting charges and interest fees that you can’t pay back. In addition, the application process is often much faster and more convenient compared to a credit card where the wait for approval can take weeks to months.
Before looking at where to get a prepaid card, make sure you do your research so that you can know for sure that you are obtaining the best prepaid card available in the market.

Making Fashion Your Business

It is often considered to be fun, frothy and frivolous. The obsession of the young, those with disposable income, wanting the newest trends as quickly as possible. Yes, fashion often gets a bad press from those who consider clothes to be a functional necessity rather than an obsessive passion. Those who indulge, and indeed love fashion can be labeled shallow, but, in reality, there is so much more to fashion than simply getting a ‘look’.

The Fashion Industry is one of the crowning glories of the British Economy, with London Fashion Week now firmly entrenched amongst the most important in the fashion calendar. Last Autumn saw more than 105,000 visitors to the shows and off schedule events, and this, in turn generated an estimated 269million in revenue, making it second only behind New York in terms of profit. This is no mean feat in challenging times. Tie this in with the respect and veneration that some of our greatest fashion exports are held, the likes of Vivienne Westwood, Victoria Beckham, Giles Deacon and Marchesa are all British born talent, with Osman, Alice Temperley and Molly Goddard all generating excitement (and A list fans) as their products are displayed on red carpets all around the world. Clearly the fashion industry is more than fun and frivolous.

Fashion is also becoming much more universal in terms of entrepreneurship and business. As the High Street continues to struggle, with Jaeger becoming another casualty recently, more and more individuals and independents are starting small businesses and online stores that offer something different from the general High Street fare. Ebay and Etsy stores are becoming increasingly popular, selling a range of fashion products from independent designs to trendy imports that tap into the market. Plus size stores that avoid the usual cliches of tents and butterflies are also a new and attractive business idea, with the added help that companies like TNT, who consider fashion to be important, giving lots of sound advice on issues like packing your items for delivery, transporting items safely, and even hosting your own fashion show, all important ways of getting your own small business out there onto the fashion radar.

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Whether you look at fashion from a designer point of view, or from the point of view of an etsy store holder taking their first tentative steps into the industry, it is clear that far from being frivolous, fashion truly is big business. All this, and fabulously stylish too.