In the earlier days when debt was still new and banks were the safe option while individual lenders were the other option that were mostly unregulated, borrowing was quite a risk. It wasn’t a risk just for the borrower, but also for the lender. Fast forward to today’s time, and a lot of regulations and close oversight have made lending much safer and hence something that a large number of people in the US depend upon. Here, we take a look at cash advances – the short term loan products offered by direct lenders (non-bank). More specifically, we shall be discussing how one could take advantage of the online cash advance loans – those that such lenders offer through a completely online process, which is aimed at convenience, quickness and much lesser filtration, which leads to a relatively expensive deal for a borrower. But here’s the catch – the terms are so short that the final absolute amount of money that one pays, may not be too much.
How to Keep Costs Low?
Let’s start with the basics – cost. This is what makes a loan less attractive versus spending savings and this is also what mostly makes one of two similar loans more attractive than the other. There are two ways to look at a loan’s cost – one is to understand what percentage of interest you would be charged and the other is to understand how much you will pay back over time, for the amount that you borrow. The former is what is indicated best by APR and the latter is the absolute cost of the loan.
Increasingly being touted as the right way of measuring a loan’s expense, APR is how much simple interest you pay on the loan amount per year. While this is a valid way to compare loans of similar tenure and similar processes, it is important to understand that loans with significantly shorter terms would tend to have exponentially high APRs, which however might not cost the borrower much in totality. For example, if a loan is being taken at 10% APR for 100 days, it would cost the same as one at 100% APR for 10 days. Also, a loan being taken at 20% APR for 100 days, would cost twice as much as one taken at 100% APR for 10 days.
The trend for the debt market is simple. Where there is higher risk, the loan lender shall expect higher returns. APRs of cash advances that are available easily to almost everyone (since the credit check is mostly not mandatory) with no complex paperwork or collateral, are high for this primary reason – the lender is taking a bigger risk while choosing to make the decision to lend accommodating these terms.
When taking a cash advance loan, it is very essential to understand the absolute cost of your loan. Fair and trustworthy loan lenders will disclose this clearly on websites in appropriate sections and also understanding one’s contract would help understand this too. It is simply the amount that a borrower pays in excess while paying back the loan, over the amount that they borrow.
At a much higher APR, the absolute cost of a very short term loan can still be lower than a low APR loan with a long term. So essentially, it comes down to the borrower’s needs, situation and financial health, to decide when a cash advance is right.
To keep costs low while taking a cash advance, it is essential to choose the best deal and then stick to the payback schedule as very short term loans given by lenders at high risk are bound to be quite expensive in case of delays in payback.
Why Choose Online?
When a non-bank direct lender loan is what you need, you shall be looking for other lending entities. Lenders that deal with higher risk loans are limited in number and it would be harder to find the right, reliable solution. Thanks to the internet, there are bloggers, reviewers, and a ton of other references available to find out about and estimate the performance and reliability lenders who deal online. This is not the case with lenders who operate from pawn shops whose services are less exposed and reviewed. While this makes the online direct lenders the right choice, it is not the only benefit you get when dealing with online lenders.
Other distinct advantages include:
Helpful in emergencies: rather than running around looking for loans, the person in need can apply for money online and focus on addressing the actual emergency better
More competition: always leads to better deals for customers over time
No paperwork: most such loans would require no paperwork – everything is done through scanned documents and e-signatures
Accessible wherever the internet is: An internet connection on your smartphone, laptop or desktop is all you need
EzPaydayCash is an example of a trusted lender and on their website, their most in-demand services are their online payday loans from direct lender.
When Not to Take a Cash Advance?
The non-bank direct lender short term cash advance loans we refer to, are typically aimed at serving as an option to borrow money when at least one of these are applicable:
The borrower suffers from poor credit scores
The borrower is in a hurry for a small loan
The borrower needs a very short term loan
The borrower has been rejected loans from other sources
The borrower is only able to borrow online and that is making less expensive loans unavailable
If none of these describe your situation, it is advisable to look at other options of loans before closing any deal.
How to Use Online Cash Advances Wisely to Your Advantage?
Loans of different types are designed to be beneficial for different people in different needs. In the debt market, there doesn’t exist a one-size-fits-all product and this is a very important thing for borrowers to understand. Having read this article until here, one would know whom the cash advances are designed for. A few cautions and a little accurate understanding can make this otherwise risky form of borrowing, beneficial in some situations. Here are six tips that can make the loan serve you to your advantage:
Research to see if an option with a lower absolute cost is available to you and suits your needs
Borrow only as much as you need, only when you need it
Be prepared to pay back the amount as per the schedule – delays in shorter term loans are typically more expensive
Read your agreement carefully so you understand the loan well
If you can pay them back on time, borrowing for the shortest amount of time can save money in many cases. Understanding the terms and calculations or using tools for that, can be helpful here
Borrow to improve your credit score if needed and then pay back on time. Eventually more loans with lower interest rates might be available to you.
Online cash advances from direct lenders are useful and hence in great demand. However, understanding the loan helps one understand when and how it could be advantageous to choose such a loan. Not having such an understanding could cost the borrower money.
If you’re looking for the best deals on short term non-bank cash loans that are available to borrowers irrespective of credit history and with instant responses, we hence suggest an online cash advance from direct lenders only and EzPaydayCash is one of the frequently recommended options offering such services.
Surveillance Cameras and Smart Alarms are not, at this point an uncommon “add-on” to numerous homes. A few families are in any event, using the Reconnaissance Framework to permit remote access to property for the green keepers, sitters and Utility specialists, who need to get access.
Criminal Specialists have discovered that such people case an area alonf time before conducting any such crime. Their targets are mostly the least secure homes. This emphasizes the importance of a Home Security System which can prove to be an extraordinary method of safe guarding your homes from being burglarized in any case.
Is a Home Security System really necessary or worth it?? How about exploring the advantages of an Alarm System for your home!!
Aides Police and Justice System:
Should your house be burglarized, the audio and video verification techniques utilize microphones and cameras to record the related information. This information is then relayed to law enforcement and recorded to an event file, which can be used later as prosecutional evidence.
Watching Out for Family:
You can include Surveillance cameras and Alarm Systems for ultimate protection. These systems are used for those who hire unsupervised people such as home cleaners, house-help and baby sitters, to ensure that they are receiving adequate services.
The next question that pops in your mind is “will it cost a lot of money?” To your surprise, Home Alarm System is very affordable and will let you save on insurance costs as well. Numerous protection arrangements also give a refund for property holders who use reconnaissance frameworks related with their Security framework. Check with your protection operator about the potential that your premiums could diminish because of a far reaching security framework. May we put in our minds that it is better to be safe than sorry when it comes to the safety of our family.
Why is Utility Deals your Best Bet:
Utility Deal is a preferred partner for many Security Alarm providers from whom we get extra premium discounts considering our volume of trade and credibility. If your Security System is professionally monitored by an Alarm company, they are alerted when a security problem arises in your home. Along
with the high-decibel alarm that sounds , the monitoring company is alerted. A trained security expert might attempt to communicate with the home owner via the control panel. The monitoring company will try to maintain communication with you until emergency response teams arrive at your home. Utility Deals Alarm System is a complete package for your security concerns. Check it out.
Number 1 Alarm company in Europe
3G Portable Control panel
Hours 7 days a week , Guard response
24 hours a week, Alarm receiving centre
Innovative smoke system
Guard response: We double your Security in the Event of Attempted Burglary
Smart Keys: No Complicated Codes
Smoke Detector: Who calls the Fire Services when you’re not at home
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SOS button for Emergency
Let’s start with what is a Sub-broker.
What is Sub Broker
It is practically impossible for a broker to be present throughout India with physical locations and expensive. They open a few branches which belong to the broker and are operated under their brand name.
To make their services reach across India, the broker gives out franchises or have partners on the local level with whom they work on a revenue-sharing basis. This is a sub-broker. The revenue sharing could be anything 60:40, 70:30, and such with the major chunk being of the sub-broker.
The responsibility of the sub-broker is to promote the services of the broker and serve clients in that geographical area. The sub-broker is of course not only limited to the area in which it is set-up but can bring clients from anywhere across India.
Since the sub-broker is to be associated with the stock exchange it is imperative he understands the dynamics of the stock market
Increase brand awareness and promote the services of the broker. This is directly instrumental in increasing the sub-broker’s revenue and reach
Assisting the clients with the correct documentation and any documentation for the client arriving from the broker on a regular basis (Statements, account bills, etc)
Be the local face of the broker and adhere to the motto, business ethics while upholding the values of the broker
Provide services with a “Client First” approach with transparency and availability. This will make the investor stick with the sub-broker for a long period of time
Any suggestions from the clients for the broker regarding marketing, branding, services, margin or brokerage charges to be relayed to the broker. This will help the broker provide better services which in-turn benefits the sub-broker
Sub-broker Business Model
The business model can be broken down into the below steps for easier understanding,
The broker provides branding and marketing support. All necessary training for effective product and domain knowledge provided
Revenue Sharing Agreement in place for both parties
All necessary software for tracking, marketing, and the latest trading platforms provided
Full – control of products offered to clients from Equity and commodity broking, Mutual Funds, Insurance, and retail loans. Increase revenue by offering the entire range of products
Low investment requirement to be a sub-broker
Holistic support provided with a dedicated sub-broker service team for faster response
Who Can Become A Sub-Broker?
It is quite easy to be sub-broker. It just needs willingness and determination.
Individual must be 18+ years of age
A knack to sell products effortlessly
A desire to be your own boss
So start your sub-broker franchise today in the most dynamic sector in India.
If you are a coach or a consultant, you need to have a set of guidelines into which clients you are willing to take. Far too many coaches and consultants will take any client that pays them the money, some of them even have the tenacity to ask for the money up front before even knowing who the client is, or what their project is.
This is rather problematic because the coach or consultant could actually be helping someone who is intent on breaking the law, and needs information so they can better do so. Before you even get into price you should have a set of rules that your clients know.
Perhaps, a set of ethical standards, so your customers know where you stand, and which lines you will not cross. The other day someone asked me what my requirements were, before I would take on someone in a mentorship situation, or for a consulting fee. Below are my requirements.
My requirements for consulting are;
Client must be ethical
Client must be dedicated to the cause
Client must have intellectually interesting concept
Client must be willing to challenge their preconceived notions
Interestingly enough, you’d be surprised how many people this might scare away. This is because people will normally not dump their preconceived notions, and they are not dedicated to their own cause, they’d rather hire a consultant to help them do all the work. But in reality they don’t need a consultant they need to hire a service and there is a big difference.
Further, if you are a consultant, I would advise you to not take boring work, life is too short, and it will make your job no fun. If you’re looking for something to do, which is not fun go get a job. Please consider all this.