How Private Loan Consolidation Can Prevent The Stretching Of Your Paycheck To Breaking Limit

Submitted by: W. Darren –

Americans are in a heap of debt trouble today. According to the American Payroll Association:

67% of Americans would find it difficult to meet their current financial obligations if their next paycheck was delayed for one week.

You heard it right. Americans are living from paycheck to paycheck, feeling faint whenever delays are inevitable. With this grim picture in the background, where is the space for savings? For good and profitable investments?

Inevitably, living from paycheck to paycheck means there are debts to be paid- and this is when private loan consolidation and other measures appear.

YouTube Preview Image

Paralyzing Debts

Debt, like a silent tumor, begins slowly enough. Take the case of Lisa and Wade Norwood of Rochester, New York. Lisa shares that:

Our problems started when we began living beyond our means on credit cards. We admit to not managing their money well in the past but we are making an effort to spend less, but the recovery process has been slow, and we still find ourselves strapped for cash each month.

Wade and Lisa have $43,000 in mortgage, and they have an annual expenditure of about $15,000 on household items and food. Their problem is not uncommon, and is fast becoming the staple tale of young families and even members of the more advanced generation.

The Expert Comes In

With the Norwoods as our particular case study, let s listen to a financial advisor see what he makes of the situation. According to Herb White, a certified financial planner and managing director of Colorado-based Life Certain Wealth Strategies:

The Norwoods should consider joining a credit union and taking out a private loan consolidation to lower their monthly fees. Although private loan consolidation seems like a cure-all, there can be drawbacks. Borrowers with very high debt may not qualify for the lowest interest rates, which are usually given to those with excellent credit.

However, this option will work for the Norwoods because they have paid their cards in full and on time for more than a year. And if they take out through a credit union, they can benefit from lower rates.

Getting to the Bottom of the Problem

Sometimes, even the best private loan consolidation cannot solve bad money manners . If you are a spendthrift, your money will be obliterated. It s that simple. According to Daisy Reese, a director at California-based Insight Financial Group and co-author of True Self, True Wealth: A Pathway to Prosperity:

We all carry messages about money we learn as children. Most people act out one of 10 money scripts: co-dependent, coupon clipper, craver, gambler, hoarder, masquerader, power player, prince or princess, procrastinator, or victim. The Norwoods were operating under the co-dependent and the masquerader scripts. Co-dependents tend to put others first, while masqueraders typically desire to win admiration.

As you can see, the ten money scripts above can be applied to anyone with money problems. To get to the root of the problem, you must be able to identify who is ruining your finances at home. That way, all your efforts at saving money and investing will not go to waste.

About the Author: The author is an online researcher and webmaster of

Consolidate Debt Loan

. Visit site for more useful articles: –

Consolidate Credit Card Debts and Skip the Plastic


Permanent Link:

Cash Loans Online The Most Beneficial To Get Urgent Cash

Cash Loans Online The Most Beneficial To Get Urgent Cash


Shane bon

In order to eliminate the fiscal emergency, cash loans online is the best way for you. Online is the most beneficial mode when you apply for

same day cash loans

. Applying online you are absolutely free from faxing major documents, lengthy paper work and credit checking that bestow you deep bother in the procedure of taking loan. In addition online application saves funds for you due to its free application for a loan.

YouTube Preview Image

So, if you are in need of urgent cash and do not have a big amount of times then you have a golden opportunity to take hassle free loan within a very short span of time. You can apply for online cash loans and the amount will be into your bank account automatically. So you just fill out a simple online application form with few manually details including your name, address, bank account number, contact number, age and the list goes on. You have to submit it within 5 minutes for receiving urgent loan.

Collateral is not required in order to apply for cash loans online because these loans are provided on the job description basis of the customer. The job of the applicant must be permanent with salary package of at least 1000 monthly and the applicant must be 18 years old with resident of UK. Besides, the aspirant must have a valid active checking account for six months past for the loan transfer.

With the assistance of cash loans online you can avail the amount ranges from 100 to 1500 for the repayment time period of 14-30 days. In addition you can extend this repayment tenure by paying an addition charge of interest. These loans are secured in its repayment period so one needs to pay the amount back on due date. Because of its slightly high interest rate and short repayment tenure, bad credit borrowers can also avail of cash loans online.

The utilization of

urgent cash loans online

is very fruitful. With the assistance of these you can meet your various small needs for instance, pay the medical bills, electric bills, household expenses, sudden car repair costs, education fees and many more.

Shane bon is highly sophisticated engineer as well as content writer who have earned his fame by writing his blog, press release and articles in the arena of any purpose loans. For getting more details about any info Cash Loans Online, Unemployed Cash Loans, Unemployed Payday Loans,

Loans for the unemployed

, just visit

Article Source: