Credit News

Central Finance for financial advice and personal assistance all over New Zealand, from Cape Reinga to the Bluff and everywhere in between. #12 #month #loans

#easy loans

Looking for a loan at a competitive interest rate with minimal fuss?

We offer loans from 12.95%, and we specialize in getting you the finance you require.

Every day, we arrange finance for our customers, from Cape Reinga, all the way down to the Bluff, and everywhere in between. We’re proud to say that we have helped over 20,000 kiwis get the finance they needed, when they needed it.

Our loans start from $1,000, and go all the way up to $500,000, with repayments starting from just $25 per week. We provide Personal Loans, secured or unsecured, Car Loans, Bridging Finance, Mortgages and Debt Consolidation Loans. We can also provide tailored finance packages offering you deferred payments, interest only payments and residual payments to fit your lifestyle.

YOU MAY NOT KNOW: Applying for loans with various companies not only wastes your time, wastes your money, and most importantly adversely affects your credit score. Your credit score drops with each application you do! We only perform 1 credit check and 1 PPSR, and we send this to a range of accredited finance providers to get the best deal for you.

At Central Finance and Loans we understand that every loan application is as unique as the client that sends it, so we assess each application individually based on its merits. Utilizing our long standing experience in the finance market, we handle the process from start to finish making the application process easy, so all you have to do is relax while we do all the work on your behalf.

With the backing of numerous underwriters leading the New Zealand finance industry, we can offer you finance for almost anything you need.

Our aim is to provide you with a friendly, professional, helpful service so you can achieve your goals and financial rewards faster and easier.

It’s not just about getting finance, it’s about getting the “right” finance for you.

Feel free to give us a call on 0800 100 630 to speak to an experienced consultant, or simply complete our 5 minute online application

Premier Moving Company in San Antonio, Texas – All My Sons #san #antonio, #moving #to #san #antonio, #all #my #sons #moving #and #storage, #move #to #san #antonio #texas, #moving, #move, #movers, #need #to #move, #all #my #sons, #corporate #relocation, #move #from, #family-owned #and #operated #company


Your Premier San Antonio Movers

Top-Notch Moving in San Antonio with All My Sons San Antonio Moving Company

San Antonio Texas is the seventh largest city in the country. With many popular sites to see, from its amazing zoo which is noted as the third largest in the country, to the hot spot of The River Walk-flanked with boutiques and eateries alike and of course the historic Alamo is undeniably an experience all by itself. But wait there s more! Don t forget Sea World, Fiesta Texas-a Six Flags theme park, sports and more, you name it, it s here. We re only missing you! Moving anybody?

All My Sons Moving Storage, San Antonio is the source for all of your moving and storage needs. Our family-owned San Antonio moving company has been managing moves like yours for over four generations, and we are certain that our proficient team of movers will deliver the best moving experience ever!

Our family of professionals start by providing you with a one-on-one consultation with a relocation specialist to cover every aspect of your move. On moving day, your movers will arrive ready to execute a well laid out plan to ensure that your move is fast, efficient and safe. Safety is paramount for our team, and we recommend taking full advantage of our custom packing services that offer the best protection for your dishes, electronic equipment, and other specialty items. Or, allow our San Antonio movers to bring our durable and sturdy moving boxes and packing supplies to your door step.

In addition to our moving services, we also provide storage for your valuables All My Sons Moving Storage, San Antonio offers climate-controlled storage in a secure environment. If you are in need of storage your movers will pick up and deliver your items for you.

Our local movers are licensed, insured, and risk management certified. We are available to assist you with any type of move, from corporate moves to cross-country moves. You name it, and our moving staff can handle it with excellence. Our San Antonio relocation team values your comfort and peace of mind, therefore we are seeking to provide you with total customer satisfaction. Call All My Sons today for a free quote.

Give us a call at 210-225-8700 and speak with one our San Antonio certified moving consultants. Let our team get you the best San Antonio local mover s rate available today.

TxDMV No. 000559824B
DOT: 917162
MC: 396799 TX DMV s toll free consumer help line (888) 368-4689

What Our Customers Are Saying

JET Bandsaw Machines from American Machine Tools Company #all #american #hose #company


JET Band Saw Machines

The Jet Tool Company offers a wide array of bandsaw sizes for cutting metal. We like Jet machines because the are normally in stock, good quality, with tech support and spare parts quickly available. Their equipment also comes with a well written manual, something we appreciate compared to some other machines.


Click to Request a Quote for the Jet J3410
Adjustable hydraulic feed system
Automatic shut-off at end of cut
Coolant pump, tank, motor, hose, nozzle, shut-off valve
Side blade guides with eccentric shaft, ball bearing
Rear blade guides ball bearings
Heat treated drive gear with bronze worm gear in oil bath
Heavy-duty cast iron saw head and table
Oil bath hardened and ground worm gear
Adjustable ball bearing blade guides
Blade wheels are made of flanged cast iron
Rapid acting swivel vise for mitering at 45
Saw base has wheels
3/4″ bi-metal blade
Adjustable material stop
* Cutting Capacity: 7 Round at 90
* Round at 45 Degrees: 4-1/2 diameter
* Square at 90 Degrees: 7 inches
* Rectangle at 90 Degrees: 2 x 12 or 7 x 10.5 inches
* Blade Size: 3/4 x .035 x 93 inches
* Blade Speeds: 80, 130, 180, 265 feet per minute
* Bed Height: 23-1/2 inches
* Machine Weight: 380 Lbs.
* Motor: 3/4 HP, 115 Volts, 1 phase, only


Click to Request a Quote for the Jet HBS-814GS
Heavy duty geared head transmission fast speed changes
Easy accessible control panel for operator use
Hydraulic controlled down feed rate
Portable on wheels
Hardened and ground worm gears
Quick action swivel vise miters at 45
Coolant system
3/4″ Carbon steel blade with chip brush
Adjustable material stop
* Cutting Capacity: 8 Round at 90 Degrees
* Round at 45 Degrees: 6-1/2 inches
* Square at 90 Degrees: 8 inches
* Rectangle at 90 Degrees: 8 X 14 inches
* Rectangle at 45: 2 x 7 inches
* Blade Size: 3/4 x .035 x 97 inches
* Blade Speeds: 135, 197, 256 feet per minute
* Bed Height: 26 inches
* Machine Weight: 444 Lbs.
* Motor 1 HP, 115/230V, 1 phase, Prewired 115Volts


Click to Request a Quote for the Jet J9225
Adjustable hydraulic feed system
Heavy duty cast iron saw head and sturdy base
Mitering capability to 60�
Convenient control panel
Complete coolant system
Hydraulic blade tension gauge
Adjustable material stop
Bi-Metal bendsaw blade
Overload protection
Quick Release Vise
* Cutting Capacity: 8-3/4 Round at 90
* Round at 45 Degrees: 6-1/4 diameter
* Rectangle at 90 Degrees: 8-3/4 x 7 inches
* Square at 90 Degrees: 8-3/4 inches
* Blade Size: 1 x .035 x 96.5 inches
* Blade Speeds: 157, 314 feet per minute
* Bed Height: 38-7/16 inches
* Machine Weight: 542 Lbs.
* Motor 1.5 HP, 230 Volts, 3 phase only


Click to Request a Quote for the Jet J7020
Variable speed drive with easy fine adjustment
Exclusive 6 contact point blade guide assemblies
Exclusive swivel control panel
One piece wheel cover
Heavy duty transmission hardened ground oil bath gears
Adjustable blade guides with 6 point contact combination
Swing away control panel
Patented 3 jaw rapid action swivel vise
Cast iron blade wheels
Adjustable material stop
* Cutting Capacity: 10 Round at 90 Degrees
* Round at 45 Degrees: 10 inches
* Square at 90 Degrees: 10 x 10
* Rectangle at 90 Degrees: 7 X 16
* Rectangle at 45: 6-1/2 x 11
* Blade Size: 1 X .035 X 135 inches
* Variable Blade Speeds: 100 – 350 feet per minute
* Bed Height: 23-1/2 inches
* Machine Weight: 1000 Lbs.
* Motor: 1.5 HP, 115/230V, 1 phase, Prewired 230Volts

Optional Swivel Head Available:
for easy miter cutting.
Optional Motor Available:
2 HP, 460 Volts, 3 phase


Click to Request a Quote for the Jet HBS-1018W
Large handwheel and built-in gauge for blade tensioning
Coolant is distributed through the blade guides
Blade guides with parallel double-row ball bearing support
Blade brush is built-in and self-propelled
Quick-position vise with adjustable jaws swivels to 45
Removable chip tray for quick clean-up
Blade is fully guarded regardless of blade guide position
Adjustable hydraulic downfeed with separate on/off valve
Automatic shut-off after cut
Carbide blade guides with rollers
Coolant system
4/6 variable tooth bi-metal saw blade
Adjustable material stop
* Cutting Capacity: 10 Round at 90 Degrees
* Round at 45 degrees: 7.5 inches
* Square at 90 degrees: 10 x 10 inches
* Rectangle at 90 degrees: 10 X 16 or 6 x 18
* Rectangle at 45: 7-1/2 x 10
* Blade Size: 1 X .035 X 130.5 inches
* Blade Speeds: 82, 132, 210, 330 feet per minute
* Bed Height: 23-1/2 inches
* Machine Weight: 801 Lbs.
* Motor: 2 HP, 230 Volts only, 1 phase


Click to Request a Quote for the Jet J7060
Variable speed drive system allows the operator to fine tune the blade speed fast and easily
Exclusive swivel control panel
Heavy duty transmission utilizes hardened and ground gears operating in an oil bath
Balanced feed system is controlled by a dual system of counterbalance springs working with a hydraulic cylinder
Saw head raised hydraulically after each cut
Cast iron band wheels
Swing away control panel
Exclusively patented 3 jaw vise allows for faster set up
Exclusive 6 contact point adjustable blade guides (eccentric cam followers mounted on both sides of blade)
Quick action swivel vise miters at 45
Coolant system
Adjustable material stop
* Cutting Capacity: 12 Round at 90 Degrees
* Round at 45 degrees: 12 inches
* Square at 90 degrees: 12 x 12 inches
* Rectangle at 90 degrees: 12 x 20
* Rectangle at 45: 12 x 12
* Blade Size: 1 X .035 X 156 inches
* Variable Blade Speeds: 82 – 262 feet per minute
* Bed Height: 26-1/4 inches
* Machine Weight: 1500 Lbs.
* Motor: 3 HP, 230/460V, 3 phase, Prewired 230Volts


Click to Request a Quote for the Jet HBS-1321W
Semi-automatic bow raises after cut is complete to predetermined height
Adjustable rate hydraulic downfeed control
Variable blade speed allows optimum cutting performance Safety switch shuts off motor if band breaks
Quick-positioning vise lessens set-up time
Large handwheel and built-in gauge for blade tensioning
Coolant is distributed through the blade guides
Cleaning hose and nozzle assist in washing chips away
Easy access chip tray allows quick cleanup
Self-propelled blade brush extends the blade life
Automatic shut-off after cut
Carbide blade guides with rollers
Coolant system
3/4 variable tooth bi-metal blade
Adjustable material stop
* Cutting Capacity: 13 Round at 90 Degrees
* Round at 45 degrees: 10 inches
* Rectangle at 90 degrees: 13 x 18
* Blade Size: 1-1/4 x .042 x 161-1/2 inches
* Variable Blade Speeds: 66 – 264 feet per minute
* Bed Height: 32 inches
* Machine Weight: 1519 Lbs.
* Motor: 3 HP, 230/460 Volts, 3 phase, Prewired 230V

Click for the American Machine Tool Homepage

All home loans comparison table #cash #now #loans

#home loans comparison

All home loans comparison table

Special offer – for new loans 7

4.19% p.a.(0.64% p.a. discount off Flexi First Option Home Loan interest rate) 7

Special offer – for new loans

4.2% p.a.(0.64% off Flexi First Option Home Loan interest rate) 7

Things you should know

1. A rate of 5.58% p.a. (Comparison rate 5.72% p.a. ) applies to loans originated prior to 19 September 2005.Fees and charges and normal credit criteria apply. Interest rates and discounted margin are subject to change. Terms and Conditions apply and are available on request.

2. The comparison rate is based on a secured loan of $150,000 over a term of 25 years. Warning: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.

3. Customers can make total prepayments of up to $15,000 (cumulative) for loans fixed prior to 21 March 2009, $25,000 (cumulative) for loans fixed between 21 March 2009 and 16 March 2012 or $30,000 (cumulative) for loans fixed on or after 17 March 2012, without costs or fees applying.

4. 0.9% p.a. discount is available for variable rate loan amounts of $250,000 and above (for Low Doc loan, the discount is 0.9% p.a. for variable rate loan amounts between $250,000 and $499,999). For variable rate loan amounts between $150,000 and $249,999, the applicable discount is 0.7% p.a. (for Low Doc loan the discount is 0.3% p.a. for variable rate loan amounts between $150,000 and $249,999). The discount is not applicable to Flexi First Option Home Loan and Flexi First Option Investment Property Loan.

5. Other fees and charges apply.

6. Subject to Bank’s approval.

7. Ongoing discount offer. For new loans applied for from 1 September 2015. Offer is only available for a limited time and may be withdrawn at any time. This special offer is only available on new Flexi First Option Home Loan and Flexi First Option Investment Loans. They are independent of each other and can’t be taken in conjunction with, or in addition to other special offers, negotiated rates or discounts. Not available to company and trust account holders. Discounts do not apply to internal refinances and are not transferable between loans.

All Real Estate Loans – Investments Co. Grants Pass, OR #business #loans

#real estate loans

Financing Options From All Real Estate Loans Investments Co.

All Real Estate Loans Investment Company loans private money on real estate. We have a variety of investors who provide financing for residential/commercial real estate in Oregon, as well as commercial projects in other states. We loan money for residential single family homes, as well as commercial projects involving health care, medical facilities, hotels, motels, multi-family projects, high rise facitilites, casinos, resorts, mines with mineral rights. land developments, subdivisions, mobile home parks, theme parks, and more.

Do you have:

  • Bad Credit
  • No Credit
  • High Debt/Equity Ratio

Have you been:

  • Turned down for a mortgage
  • Refused credit from a bank
  • Denied credit

We have lenders for any type of a make sense real estate project. All terms and conditions are negotiable to a certain degree. In most cases, the loan funds within 15-30 days. We have closed loans in as little as one day.

We have available funds for construction loans, acquisition loans, refinance loans, bridge loans, development loans, business loans, and equipment loans. Loan amounts range from $10,000 and up in Oregon. We fund many types of  loans such as mortgages for manufactured homes or mobile homes, bridge loans, hard money loans, equity loans, and more. For out of state loans, the minimum loan amount is $500,000 plus.

Although we can fund loans in all of Oregon. We specialize in loans in Southern Oregon including the cities of Ashland, Grants Pass, Klamath Falls, Medford, and Roseburg. We also cover the Southern Oregon coast area.

Typically we are paid out of the closing of the loan. We do request information that is asked for by all lenders about your project. For example: Purchase price, improvement costs if any, and plans for retiring the loan, as well as what the loan funds are going to be used for.

Give us a call, within a few minutes we can give you an idea of the possibility of funding your loan request, the terms and conditions, and the costs involved.

Personal Loans – Nationwide Loan Programs For All Credit #loan #shop

#online loans for bad credit

Personal Loan Programs Nationwide Bad Credit OK

Captial Finance Web is a recognized leader when it comes to providing customers with fast personal loans. Our services are available nationwide that provide you with a quick unsecured personal loan at very competitive rates. Even if you have experienced credit problems we have programs available that provide personal loans for people with bad credit. We provide you with such a diverse range of options that our service can provide you with great a loan rate if you have fair to poor credit. Getting approved through Capital Finance Web is very quick and simple with our online application.

Benefits Our Personal Loans Provide

With Capital Finance Web you have access to the best programs available nationwide that provides you with fast personal loan approval! Getting fast personal loans at great rates has never been easier or faster with our instant online loan processing system. With our large network of personal loan options you are sure to get the perfect loan that will meet your present and future needs. Unsecured personal loans are available for all credit situations including fair credit or even if you are considered high risk. Bad credit personal loans are obtainable even if you have experienced severe credit obstacles. Complete our simple application receive your online approval for a personal loan today.

Mussoorie International School #mis #india, #best #boarding #school #in #mussoorie, #mussoorie #boarding #schools, #girls #boarding #school #in #india, #best #boarding #school #for #girls, #all #girls #boarding #school, #girls #boarding #school #in #dehradun, #admission #mis #school, #leading #boarding #school #for #girls, #residential #boarding #schools #for #girls, #international #schools #in #mussoorie, #top #icse #school #in #mussoorie, #girls #boarding #school #in #uttarakhand, #igcse #boarding #school #mussoorie, #boarding #schools #in #mussoorie, #girls #boarding #school #in #dehradoon, #boarding #schools #for #girls, #best #igcse #boarding #school #for #girls, #best #girls #boarding #school, #best #boarding #school #in #india


” There is no place like Mussoorie International School. The way Mr.Dutta taught me Art, no one can. Please tell the girls to listen to him and make the best use of their stay as teachers at MIS are the best. “

Pallavi Siotia (ISC 2000)
Degree in Textile Designing London Institute, Chelsea, Foundation Course of Art Camberwell College of Arts, London

” Every aspect where I flourish today is the legacy of MIS. “

Anjali DA´Souza (ISC 1997)
Hotel Management, Meritt Swiss Asian School of Hotel Management, Ooty

” MIS gave me the will to take a stand and rough it out when I had to. The years I spent at MIS were the best years of my life. “

Pooja Puri (ISC 1997)
B.Com (Hons) Jesus Mary Delhi, MBA – IMT

” Ever grateful to MIS for instilling in me the keen sense of responsibility with which I go about in every aspect of my work. “

Priti Jain (ISC 1998)
B.A. (Hons) Economics, Ferguson College, Pune test

” All that I am today and will be is the gift of MIS. “

UNION AND UNION ALL Operator #sql #union #all



By using the UNION or UNION ALL operators we can combine multiple result sets into one result set.

UNION OPERATOR (Alias: DISTINCT UNION ORDERED LIST): is used to combine multiple result sets into one result set and will remove any duplicates rows that exist. Basically it is performing a DISTINCT operation across all columns in the result set.

UNION ALL OPERATOR: is used to combine multiple result sets into one result set, but it does not remove any duplicate rows. Because this does not remove duplicate rows this process is faster, but if you don t want duplicate records you will need to use the UNION operator instead.

Performance TIP: Compared UNION ALL operator, UNION operator has the extra overhead of removing duplicate rows and sorting results. So, If we know that all the records returned by our query is unique from union then use UNION ALL operator instead of UNION Operator.

Following are the constraints for using UNION/UNION ALL Operator:

  • All the query s which need to combine need to have the same number of columns
  • Column should be of the same data type/compatible data types
  • ORDER BY clauses can only be issued for the overall result set and not within each result set
  • Column names of the final result set will be from the first query

Let us understand all these Constraints/Rules from Examples:

By using the below script we are creating a Sample DataBase Named:UNIONDEMO. Then in this database we are creating two tables Customers and Employees and in these tables populating the sample data.

Example 1) Usage of UNION AND UNION ALL Operator

Observe that the Customer Table has 2 records, so the UNION statement is returning only 2 rows, by removing duplicate 2 rows. Where as the UNION ALL operator is returning all the 4 rows including the duplicates.

Example 2) MisMatch in the No of Columns in the select queries combined by the UNION Operator:

Msg 205, Level 16, State 1, Line 1 All queries combined using a UNION, INTERSECT or EXCEPT operator must have equal number of expressions in their target lists.

Reason for the above error is:First statement of the UNION has two columns in the select list where as Second statement has 3 columns (i.e. * means all the columns in the Customers table)

Example 3) No of columns matching but mismatch in the data type of the columns

Msg 245, Level 16, State 1, Line 1 Conversion failed when converting the varchar value Monty Biradar to data type int.

Reason for this error is: first column in the first statement of the UNION is of type INT and the first column in the Second statement is VACHAR, due to this incompatible data type we are seeing an error here.

Now we can re-write this query to work as below. Also by seeing the column name in the result we can conclude that the column names in the result are always taken from the first statement of the UNION clause.

EmpIDORName City

1 Mumbai
2 Mumbai
3 Mumbai
4 Mumbai
Monty Biradar Bangalore
Shashank Biradar Mysore
(6 row(s) affected)

Example 4: Union Statement not only eliminates duplicate rows, but output is the sorted list


Krishna Kumar
Monty Biradar
Praveen Patil
Raju Patil
Ravi BIradar
Shashank Biradar
(6 row(s) affected)

UNION All operator doesn t sort the result:


Monty Biradar
Shashank Biradar
Raju Patil
Praveen Patil
Krishna Kumar
Ravi BIradar
(6 row(s) affected)

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This is my personal blog site. The opinions expressed here represent my own and not those of my employer. For accuracy and official reference refer to MS Books On Line and/or MSDN/TechNet. My employer do not endorse any tools, applications, books, or concepts mentioned on the blog. I have documented my personal experience on this blog.




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How Can I Consolidate All My Private Student Loans? #home #loan #calculator #india

#how to consolidate student loans

How Can I Consolidate All My Private Student Loans?

Steve Rhode Get Out of Debt Guy

Huffington Post Reader Question

Dear Steve,

I’m looking to consolidate private/government student loans.

I have a few several outstanding loans with both public and private entities from graduate school (Navient, Nelnet, Discover student loans). is there a way to consolidate these all into one single debt/monthly payment?


Don’t miss my free my weekday email newsletter with the latest tips and advice on how to beat debt and do better financially. Subscribe now. – Click Here

Dear Peter,

If it was just about government student loans then the answer would be an easy, ‘Yes.’ There is no charge to consolidate most government student loans into a Direct Consolidation Loan which is then eligible for a monthly payment based on your income. These payments can be as low as $0 per month if your income is low. It is easy-peasy no-brainer.

But when it comes to private student loans, people are always getting confused and think they are like government student loans. They are truly apples and flashlights.

A private student loan is a closer cousin to your car loan than your government student loan. Except for some protections from bankruptcy in a few situations, the loan is just a vanilla closed-end consumer loan. But let’s not forget, some private student loans are dischargeable in bankruptcy even today.

Private student loan holders are neither required to allow you to consolidate them or make it easy for you to do so.

If you don’t have a lot of private student loan debt, you can wrap them up in an unsecured debt consolidation loan like those from

The only issue with the unsecured lenders is the limit of the loans is typically around $35,000 or so. That’s often not enough to consolidate all of your loans. The good news about these types of loans is that once the student loan is moved into an unsecured loan, it may be fully dischargeable in a future bankruptcy.

There are some other resources out there like However there are limitations on the loans they make. Generally you must have graduated from the program the loans were incurred for and the school must be a Title IV accredited university.

If any of these loans were used for graduate studies, not all schools are eligible. According to the SoFi website, only graduate expenses from the following schools are eligible.

Carnegie Mellon University Columbia University Cornell University Dartmouth College Duke University Emory University Georgetown University Georgia Institute of Technology Harvard University Massachusetts Institute of Technology New York University Northwestern University Stanford University University of California, Berkeley University of California, Los Angeles University of Chicago University of Michigan, Ann Arbor University of North Carolina – Chapel Hill University of Pennsylvania University of Southern California University of Texas at Austin University of Virginia Vanderbilt University Yale University – Source

There are similar outfits like but they have limitations as well. Then there are the private student loan lenders like Wells Fargo that would love to consolidate your loans into yet another private student loan.

With all these lenders the ultimate rate you will pay will be based on your credit history and credit score. If you have crappy credit then the current rates you are paying on your current loans might be better.

And let’s not forget that consolidating your private student loans does not mean you’ll have a lower payment or pay less. It is quite possible your monthly payment after consolidation may be the same or higher than what you are currently paying. Private student loans just don’t have the same payment adjustments based on income like a government loan does.

As far as I’m concerned, students should be talked out of taking out private student loans and schools should not make them available. In my book they are among the worst possible types of debt to have. They are not much better than a noose around your neck and for many, their dream careers are scuppered the moment the debt is incurred because they have to find any job and not the kind of job they studied for, just to make the loan payments.

Please post your responses and follow-up messages to me on this in the comments section below.

Bonus Audio Answer

Before I go I wanted to leave you with three easy action items you jump on right now to address your situation. Just click here .

If you have a credit or debt question you’d like to ask, just click here and ask away .

If you’d like to stay posted on all the latest get out of debt news and scam alerts, subscribe to my free newsletter .

What We All Can Learn from the Military s Payday Loan Problem #business #loan #calculator

#military payday loans


Getty Images As a 19-year-old, Robert Knoll made a mistake that many young people do — he got into debt. Knoll did it by living beyond his meager salary as a U.S. Marine, and using small payday loans to help him get by between paychecks. “The problem, though, is it puts you behind the next payday,” Knoll says.

Those $80 to $200 payday loans added up, along with the $50 in interest he’d pay to borrow $200 for five days. With an annual percentage rate on the loan of more than 200 percent, Knoll would post-date a check for $250 for a $200 loan that would be paid off five days later when his paycheck was deposited into his checking account.

“You can spend your entire paycheck before you get it,” says Knoll, now an account executive at DRIVEN Public Relations in Temecula, California. He retired as a Marine master sergeant in 2013.

Help From the ARK

Unlike servicemembers today, Knoll didn’t have help from the military on payday loans back then. One program that officials are trying to remind military members and their families about is the Asset Recovery Kit .

For a $5 fee, members of 17 credit unions supported by the Pentagon Federal Credit Union Foundation can borrow up to $500 interest-free for 30 days. The program has loaned more than $3.8 million in 8,724 loans since it started in 2004, says Jane Whitfield, president and CEO of the PenFed Foundation. “We want to help in preventing short-term emergencies becoming long-term problems,” she says.

Another program meant to help military members avoid getting stung by payday loans is the 2006 Military Lending Act. The law forbids payday lenders from charging more than 36 percent annual interest rates on loans to servicemen, and loans can’t be for more than $2,000 or for more than 91 days. Unfortunately for the fiscal health of our servicepeople, those lenders are making good use of loopholes in that law: loopholes that some in Congress are trying to close. In a 2013 study of payday lenders. the Consumer Financial Protection Bureau found that loans cost $10 to $20 per $100 borrowed. A $15 fee on a $100 loan equates to an APR of 391 percent on a 14-day loan.

n a study of payday lenders, the CFPB found that the loans cost $10 to $20 per $100 borrowed. For example, a $15 fee on a $100 loan equates to an APR of 391% on a 14-day loan. – See more at:

Under the ARK program, borrowers must talk to a credit counselor if they return for a loan within two weeks. The counseling lasts 30 minutes to an hour, and covers topics such as how to create a budget, Whitfield says. For many young servicepeople (and civilians), good money management is, unfortunately, a something they were never taught.

Pawn Shops and Credit Cards

Knoll says budgeting was part of his plan when he was young, but it was difficult to do with his low salary and spending choices. After paying $1,000 or so in payday loan interest over a period of two years, he cut his spending and got out of debt. It was as simple as not going anywhere — even to a bar or restaurant — when he didn’t have any more money until the next payday.

Payday loans aren’t the only alternative method military members use to get by between paychecks, though 18 percent of them do. Whitfield says 35 percent of military members use pawn shops, auto title loans and other ways (including payday loans) to get short-term cash.

Credit cards are another way to get into debt trouble. About one in three members of the general population carry some credit card debt from month to month, compared to 58 percent of servicemembers, according to an April 2014 survey by the National Foundation for Credit Counseling. They’re also twice as likely as the general population to use cash advances from credit cards, the foundation found.

They use such alternative, non-traditional loans because they think they lack other options, according to 60 percent of servicemembers in the survey who took a loan in the last year. And as anyone who has ever had a low income knows, when the landlord is knocking on your door asking for the rent check, you use the options you have.

That’s why the military is now making a more intensive effort to remind servicepeople about options like the Asset Recovery Kit and the PenFed Foundation. No matter who you work for, the easiest way out of high-interest debt troubles is to avoid falling into them in the first place.

A former newspaper journalist, Aaron Crowe is a freelance writer who specializes in personal finance, real estate and insurance for various websites, including Wisebread, insurance websites, and AOL.