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Unsecured Credit Cards For People With Bad Credit


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Unsecured Credit Cards For People With Bad Credit

Below is a list of unsecured credit cards for those of you with bad credit. But before we list them, please look out for the following when you are researching these cards

One Application Fee – Many charge a one time application fee that can be as high as over one hundred dollars.

One time processing Fee – On top of that, most will add another layer of so called “processing fee”.

Annual Fee – A fee you pay everything year for the “privilege” of using the card.

Monthly Processing Fee – Many cards will also charge you a monthly processing fee, which can range from $5 to $15.

Hence, we you add up everything, you may end up paying over a hundred dollars just to get a card and have to pay annual fees as well. But when your credit is not good, then I guess you have to take what is available. The key to rebuilding your credit is to pay your bills on time, slowly improve your credit score over time and then get a regular no annual fee credit card.

Recommended Cards

This is one of the few unsecured subprime cards left today. And the great news is that unlike many of their peers, all they charge is an annual fee (no one-time application fees). They also allow you to earn points for gas rewards. This card is also BK Friendly. This would be one of the first cards that I would check out.


Unemployed Loans- Cash Loans- Loans For Unemployed Students


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Loans For Unemployed Students

Cash needs can happen to anyone and everyone, especially to students who are usually unemployed. If you are an unemployed student in need of cash for education then apply for loans for unemployed students at Loans For Unemployed. With us you can easily find the best deals of loans for unemployed students.В В

At Loans For Unemployed you can find loans for unemployed students in both secured as well as unsecured form. If you have any asset such as home, real estate or car that you can pledge as collateral, then you can opt for the secured form. But if you do not own any asset then unsecured form of loans for unemployed students is for you.

The best part about applying for loans for unemployed students at Loans For Unemployed is that we can help you find flexible deals and rates. Moreover, you will not have to repay the borrowed money unless you are employed and start earning.В В

Do not hesitate to apply for loans for unemployed students even if your credit rating may not be favorable. With us you can rest assured about approval no matter what.

You can fill in our simple and hassle free online application form at Loans For Unemployed to apply for loans for unemployed students. The form is absolutely free with no obligation.


Unemployed Tenant Loans- Unsecured Loans for Unemployed- Loans for Unemployed


#loans for the unemployed
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Welcome Loans for unemployed

Finding loans for unemployed people was a difficulty in the past. Today you can get loans for unemployed for just about anything right here at Loans For Unemployed! Unemployed can access our nationwide services to meet any financial demands at anytime.

Loans For Unemployed provides tailor made solutions for unemployed people. Interest rates are low and monthly payments are decided in keeping with your budget. We offer unemployed loans to both tenants and homeowners. Whether you want to place collateral or not, is entirely your choice. Secured loans are available against some collateral like home or real estate. Without collateral, you can go for unsecured loans. Unsecured loans for unemployed give an option to get funds without putting any asset at risk. Unemployed people can also go for debt consolidation if they have to repay multiple unpaid debts. Unemployed tenant loans are also available with us! Apply now to get instant decision!

Get absolutely hassle free loans with Loans For Unemployed! At Loans For Unemployed you can complete our online application form, from anywhere! Our online application form is completely SECURED. You can apply without worrying from the convenience of your home or office. In less than 2 minutes you can complete the entire application process. We will immediately match your application to find you a loan that fits your needs completely. Cash loans for unemployed are approved within minutes of applying! Applying is free at Loans For Unemployed with 100% no obligation.

Thinking, if you can get an approval with less than perfect credit? Absolutely! Loans For Unemployed makes it possible! Bad credit loans are offered to anyone who is having difficulty getting approved due to bad credit. Loans For Unemployed offers bad credit loans for unemployed people also. Late pays, arrears, defaults, CCJs, bankruptcy and any other form of bad credit is accepted! Find affordable solutions for bad credit loans with Loans For Unemployed.


UK has a payday loan shop for every seven banks and building societies


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UK has a payday loan shop for every seven banks and building societies

The Money Shop, one of the biggest chains, has grown from 168 stores in the spring of 2006 to 564 in 2013. Photograph: Jonathan Nicholson/Demotix/Corbis

The UK’s high streets now have at least one short-term loan shop for every seven banks and building societies, according to research prepared for the Guardian, which shows how high-cost moneylenders have become a common sight in many neighbourhoods.

Research by the Bureau of Investigative Journalism reveals that Glasgow is the payday loan capital of the UK, with 40 stores operated by the biggest quick-cash shops. On a per capita basis, the London borough of Lewisham has the most stores, with nearly eight high street lending shops for every 100,000 residents.

The data showed that the main lenders now run 1,427 shops in England, Scotland and Wales, and a further 49 in Northern Ireland. Many high streets have also seen smaller chains open for business since the start of the financial crisis, so the figures give a conservative picture of how many are now on the country’s high streets.

In contrast to short-term lenders, banks have been shrinking their networks. Barclays recently said it was looking at closing up to 400 branches around the country. A recent report from the University of Nottingham found that there were 10,348 bank or building society branches remaining in 2012.

Paul Blomfield, the MP for Sheffield who has campaigned against payday lending, said: These shocking figures show the scale of the payday lending epidemic on our high streets. Their corrosive impact is then often exacerbated by the companies clustering their shops in areas of higher deprivation.

Since the financial crisis, the payday lending industry has boomed, with online and high-street stores loaning a total of around 2bn to 1 million borrowers in 2012. Interest rates in excess of 1,000% APR are commonplace, and although loans are designed to be repaid after a matter of days or weeks, borrowers often roll over loans, meaning costs quickly mount up. One debt charity recently helped a client whose 200 debt had grown to 1,851 in just three months .

Most payday lending is done online, with the Competition Commission recently finding that internet lenders, including firms such as Wonga and QuickQuid, were responsible for 80% of loans. The watchdog also found that borrowers using high street firms were significantly more likely than online customers to be social tenants, in part-time work or unemployed, lone parents, unqualified or on low incomes.

The BIJ mapped short-term lenders’ branches – the first time this has been done – and the distribution of shops was compared with official government data on deprivation. The research focused on the seven biggest chains of short-term lenders – including the Money Shop, Cash Converters, Cash Generator and the Cheque Centre – and looked only at the branches advertising short-term loans alongside pawnbroking and other services.

The large lenders, many of which are owned by overseas firms, have expanded rapidly in recent years. The Money Shop, part of a US business, has grown from 168 stores in the spring of 2006 to 564 in 2013. Oakham, which is UK-owned and offers loans over three to six months, has gone from one store at its launch in 2007 to 22 today and claims to be opening branches all the time.

While the Money Shop recently opened a store in well-off Muswell Hill in north London, the mapping shows that loan shops are clustered in areas of deprivation. Lewisham is the 16th most deprived of the 326 local authorities in England, according to the Department for Communities and Local Government’s rankings.

Halton, a borough on the Mersey estuary to the east of Liverpool, had the third highest number of stores for each resident in the Bureau’s research, with just over seven stores for every 100,000 residents. The borough is the 32nd most deprived local authority in England. Nearby Liverpool, ranked the fifth most deprived local authority in England, came 12th in the ranking of stores per 100,000 residents. In total the city council has 26 short-term loan shops.

The 40 stores in the city of Glasgow are supplemented by more in nearby West Dunbartonshire and Inverclyde, which also featured in the Bureau’s top 10 for the number of stores per head of population. A recent economic profile by West Dunbartonshire council stated that 26% of children in the local authority were growing up in poverty and that one in four residents derived some or all of their income from welfare support, compared to a UK average of nearly one in seven.

In contrast, wealthy neighbourhoods such as Richmond, Kensington and Windsor have fewer than one loan shop per 100,000 residents.

Rules restricting the number of times a borrower can roll over a loan are set to come into force in July, and the sector’s new regulator has been told to introduce a cap on charges by the end of the year. However, campaigners suggest the changes do not go far enough to protect vulnerable consumers.

Blomfield said action was needed to allow neighbourhoods to refuse new shops. Councils need new planning powers to be able to restrict the number of shops in their area, and this would allow local residents to have their say on what shops can and can’t open up, he said.

The Consumer Finance Association, the trade body for a number of lenders including Cash Converters, Cheque Centre and the Money Shop, denied that lenders were targeting poorer parts of the country. Its chief executive, Russell Hamblin-Boone, said: It is inaccurate to draw such conclusions. Our members’ stores can be found in population centres across the UK, in convenient locations where a broad cross-section of customers live, work and shop. There are many factors for lenders to consider when choosing store locations, including the costs of rates and rent, the local recruitment pool, prominence on the high street and competition from other stores.

Glasgow

The UK’s payday loan capital; its 40 short-term loan shops work out at nearly seven outlets for every 100,000 people. There are more on the edge of the city within other council areas. In September, Glasgow was dubbed the jobless capital of the UK by the Scotsman newspaper, after the Office for National Statistics said 30% of households had no one aged between 16 and 64 in employment during 2012; across the UK the figure was 18%. Last year, the average wage in the city was 20,799, below the Scottish average of 21,608.

Lewisham

The south London borough has 21 outlets of the main short-term lenders on its streets – or nearly eight for every 100,000 residents. The area is the 16th most deprived in England, and the median wage is 27,521, lower than the figure for inner London as a whole.

Lewisham was hit hard by the recession, with the number of people claiming jobseeker’s allowance increasing from 5,746 in July 2008 to 9,283 in November 2010 – or 5% of its working-age population. That compares with 3.9% across London and 3.5% for the UK as a whole.

In 2012, the council’s local economic assessment said: Lewisham is a good place to live, even though there is much deprivation and poor-quality housing.

Halton

The major short-term lenders have nine branches in Halton, north-west England, or 7.2 shops for every 100,000 people living in the borough, which includes the towns of Widnes and Runcorn.

In January, the unemployment rate in the borough was 4.1%, with 3,292 people claiming jobseeker’s allowance – putting it 34th out of England’s 326 local authorities. Some 9% of 16- to 18-year-olds were not in education, employment or training, and it is the 32nd most-deprived English borough. However, the average salary in Halton, at 21,293, is higher than the 21,293 level for the north-west as a whole.


Tools and mortgage calculators for your home loan


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Home loan calculators

Simple mortgage calculators to help you plan

Speak to a specialist

1 Qantas Points, offered by Macquarie, accrue and will be credited to your Qantas Frequent Flyer account in accordance with the ‘Macquarie Bank Flyer Home Loan Terms and Conditions ‘. You must be a member of the Qantas Frequent Flyer program to earn and redeem Qantas Points and to qualify for a Macquarie Bank Flyer Home Loan. A joining fee usually applies. However, Macquarie has arranged for this to be waived if you take out a Macquarie Bank Flyer Home Loan. Membership and the earning and redemption of Qantas Points are subject to the Qantas Frequent Flyer terms and conditions available at qantas.com/terms. You will not receive any Qantas Points while you have defaulted on a loan repayment on your loan account and this amount remains outstanding for 60 days or more. Macquarie is not responsible for the administration of the Qantas Frequent Flyer program. Qantas Airways Limited remains at all times solely responsible for the administration of the Qantas Frequent Flyer program.

Qantas has made no enquiries as to the accuracy of the Macquarie products or services described, and is not responsible for errors or omissions. Macquarie Bank Flyer Home Loans are not Qantas products and are not offered or issued by Qantas but by Macquarie as Servicer.

2 Not available on loans to Self Managed Superannuation Funds or during the construction period of a loan. Terms, conditions and limitations apply. For more information, refer to the Macquarie Bank Flyer Home Loan Terms and Conditions.

Information and interest rates are current as at 6 October 2015 and are subject to change.

Fees Charges

  • At the end of the fixed rate period, the interest rate will revert to the current standard discounted rates. Our Standard Variable rate is currently 5.50% pa (variable and comparison* ) for owner occupied loans and our Investment Variable Rate is currently 5.77% pa (variable and comparison* ) for investment loans. You will be notified of the discount that applies to your rate prior to the end of your fixed rate period.
  • Fixed rate loans may be subject to significant break costs. Please refer to your loan contract and terms for details of break costs applicable
  • There are no account management fees or application fees but other fees and charges may apply. See the full schedule of fees and charges .

Tips for Getting a Loan With Bad Credit


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Getting a Loan With Bad Credit

By Justin Pritchard. Banking/Loans Expert

Justin Pritchard helps consumers navigate the world of banking.

It’s hard to get a loan with bad credit. Options are limited, and borrowing is more expensive. If your credit is less than perfect you re not completely out of luck – it s just that you ll have to work a little harder to get funded. But in your situation it s easy to fall into expensive traps, so let s review the things you can do to improve your chances.

What is Bad Credit?

If you’ve been told that your credit ruined your chances of getting a loan, make sure it’s true. There may be errors on your credit report. Once those errors are fixed, things may look very different to lenders.

The term bad credit means different things to different lenders. One lender might turn you away while others are willing to lend. Don t be afraid to shop around before deciding that your credit is a dealbreaker. That said, there are two things to be careful of in this process:

  • Submit all of your applications within a short period of time (two weeks or so) so that you don t ding up your credit with too many inquiries
  • Apply only to reputable lenders such as banks, credit unions, and P2P lenders described on this site; predatory lenders will almost always give you a loan, but you ll regret it later

If your credit is truly bad, here are a few ways to try getting a loan with bad credit.

Visit Credit Unions

Credit unions may be more willing to offer you a loan with bad credit. Because they tend to be smaller than large banks. there s a better chance that they ll look at you personally – as opposed to just looking at a credit score and the loan application.

Continue Reading Below

If you sit across the desk from a human being, you’re more likely to get a loan with bad credit .

Try Peer to Peer Lending

Peer to peer lending services are another good option for getting a loan with bad credit. Instead of borrowing from banks (with rigid rules and higher overhead costs), you can borrow from individuals. They may be more sympathetic, but they’re not looking to lose their money.

Tap Friends Family

Most peer to peer lending sites allow you to borrow from strangers. However, if your credit is really bad, your friends and family may be your only option. They know you, and may be willing to take a chance. If you borrow from friends and family, do it properly so everybody’s protected: document the loan terms on paper, and consider using a third party to process payments.

If friends and family won’t hand over their own money, they might still be able to help. If they have good credit. they can help you qualify for a loan as co-signers .

Use Collateral

If you’re having trouble getting a loan with bad credit, you may need to put up collateral. By pledging something of value, your lender knows you’re serious and has a better chance of collecting some money. If you have equity in your home, you can probably borrow against it – but there are significant risks.

Pitfalls

Some lenders take advantage of folks looking for loans with bad credit. They charge astronomical fees and make it nearly impossible to dig yourself out of debt. Study up on the following types of loans and avoid anything that looks similar:


The ultimate guide to picking the best student loans for you


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The ultimate guide to picking the best student loans for you

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As college tuition costs rise, more students are taking out loans to help pay for school. Of students graduating college in 2013, 69% had student loans, with an average debt amount of $28,400 per student, according to the Institute for College Access Success. At one in five schools, that amount was at least 10% higher.

Grappling with significant debt as you enter the real world poses financial challenges, especially if you have trouble finding a well-paying job after graduation. This makes it crucial to borrow only what you need and to choose the best loans for your situation. The student loan process may seem overwhelming at first, so use this guide to better understand how it works and become familiar with the types of loans available.

The student loan process

Start by completing the Free Application for Federal Student Aid. available online fafsa.ed.gov. You must complete it each year to be eligible for federal loans, grants and scholarships.

The government sends a copy to the schools to which you’re applying. The school’s financial aid office determines your aid package and will send you a financial aid award letter .

Jodi Okun, owner of College Financial Aid Advisors, says this letter has two sections: one for gift aid, containing free grants and scholarships (which students shouldn’t turn down), and one for loans.

You may be offered one or more federal loans. “You will be allowed to accept or decline any of the aid on the award letter,” says Vicki Hendrickson, director of financial services at The University of Tulsa.

To borrow responsibly, “look to the lowest-cost options first and maximize grants, scholarships, family contributions, state aid or institutional aid,” Hendrickson says.

RELATED: The fast-forward way to pay off your student loans

Consider accepting federal work study or tuition payment plans, if available. Next, go for any federal loans offered. If those options combined won’t cover all costs, then pursue credit-based loans. We’ll go into more detail on loan types below.

If you were offered federal loans and want to accept them, you must go online and activate them, Okun says. Then you’ll sign a master promissory note detailing the loans’ terms and complete brief online loan counseling. The money then goes from the government to your college. However, if you have a credit from a loan on your school bill, meaning you accepted more loans than were needed for tuition, you can get a refund and use it for living expenses, Okun says.

Too much jargon? Check out NerdScholar’s Finance Glossary for Students .

Types of federal loans

Federal loans have fixed interest rates that are typically lower than private loans. Note that all except PLUS loans have annual borrowing limits.

  • Federal Perkins Loans: Subsidized loans with low interest rates intended only for students with significant financial need. Not all schools offer them. Interest isn’t charged if a student is in school half time, and there’s a grace period of nine months before repayment is required.
  • Direct subsidized loans (aka Subsidized Stafford Loans): For students with demonstrated financial need. Interest isn’t charged while a student is in school or during deferment periods, and payments aren’t required until after graduation.
  • Direct unsubsidized loans (aka Unsubsidized Stafford Loans). Not based on financial need; your school decides how much you can borrow by factoring in any other financial aid and attendance costs. Interest is charged at all times and capitalizes during school and deferment periods, though you can defer payments until graduation.
  • Direct PLUS Loans: Credit-based, unsubsidized loans for graduate/professional students (called Grad PLUS loans) and parents of dependent undergraduates (called Parent PLUS loans) who need more money than offered by federal loans. Interest rates are higher, and there is no borrowing limit.

Selecting private loans

When federal aid and family contributions combined won’t cover everything, a small percentage of students take out private loans to fill in the gaps. Experts recommend using loan calculators (like the ones on studentloans.gov) to determine exactly how much you need and what your repayment plan will look like.

While students can choose any private lender, Hendrickson says, some schools provide a preferred lenders list. She adds that most student borrowers need to apply with a cosigner because they lack credit. This actually benefits you: A qualified cosigner may speed up the application process and give the borrower a better chance of approval and help lower the interest rate,” she says.

When comparing private loans, students should consider many factors, including fees, interest rates and terms, says Andrew Hopkins, vice president of Discover Student Loans. Some lenders charge origination fees, and interest rates for private loans are not fixed as they are for federal loans, he adds.

Hopkins also recommends looking at the number and amount of monthly payments because they will affect the total cost of your loan. Also, find out if you’re allowed to repay loans while in school; doing so can reduce the cost of the loan.

Hendrickson says borrowers should also compare requirements for eligibility, because some private loans require you attend school a certain amount of hours or make certain grades. She also recommends looking for interest rate discounts and learning about repayment options.

Student loans may be complicated, but learning how the process works and which loans are ideal for you is a small price to pay for money to fund your college education.

Emily Starbuck Crone writes for NerdWallet. a website that helps consumers make smarter financial decisions. NerdWallet is a USA TODAY content partner providing general news, commentary and coverage from around the Web. Its content is produced independently of  USA TODAY.