Payday Loans – 4 Reasons to RethinkPayday loans are a type of short term loan that you can use to quickly get cash until your next paycheck. They are easy to get and generally online require proof of employment and a checking account. Basically you will write the company a postdated check that won’t be deposited until after you get paid again. This type of loan doesn’t even require a credit check.Personal loans are convenient, but they aren’t the right solution for every problem. They are expensive and generally charge high fees and interest. These loans can have APRs as high as 500% if you aren’t careful. They are only a temporary solution and should be used with care and discretion. A payday loan may be right for your situation, but it might not be. Keep reading for five reasons why a payday loan might not be worth the risk.Loans Are ExpensiveOne of the biggest risks associated with a payday loan is the expense. When you go in for a loan you will write a check that the company will cash at a later date. If you receive $100 you will generally have to write the check for at least $115 to cover the fees associated with the loan. Most lenders charge between $15 and $50 per $100 received depending on the length of the loan term.Many people think that they will be able to repay the loan once they receive their next check, but this isn’t always possible. When the loan comes due if the money isn’t available the borrower will then have to take out another loan which will result in more fees. This can quickly become overwhelming and spiral out of control. Some lenders even offer roll over options which allow borrowers to have more time to repay and in turn result in more fees. As these loans roll over they get bigger and bigger and the company will simply withdrawal the renewal fee from the borrowers account each time the loan term comes up.Some Lenders Try to Avoid RegulationThe federal government has rules regarding cash advance loans, but many lenders try to avoid these regulations by making the loan terms a little longer so they don’t have to comply. For example the government classifies payday loans as loans with less than 30 days until repayment, so lenders may offer loan terms the require repayment at 31 days so they don’t have to adhere to federal and state regulations.Payday Loans Prey on Those with Low IncomeCash advance loans are commonly used by those with low income or low credit. This is largely due to the fact that they don’t require collateral or a credit check. Lenders realize that people with limited cash flow will have a harder time repaying the loans so they can earn more money from interest and fees, especially if the borrower lets the loan amount roll over.Payday Loans Are For Emergency Use OnlyThere is a place for personal loans, but many people fail to understand that this type of loan is for emergency use only. People can quickly become trapped under a mountain of debt from these loans if they don’t use them intelligently. Borrowers run the risk of borrowing money when they don’t need it since payday loans are so easy to get.If you need a little emergency cash a personal loan might be a great solution, but be careful. These 4 reasons to rethink will help you to determine if a fast payday loan is right for you.
4 Payday Loan Tips to Consider Before Applying
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The Special Education IEP and the Parent Underdog
Are you a parent of a child with a learning disability? The deck is stacked against you for achieving a quality, special education IEP. Learn how to get the best possible program for your child.What is an IEP?The special education IEP (Individualized Education Program) process was created by the Federal law called IDEA (Individuals with Disabilities Education Act) to ensure that students with learning disabilities would receive an appropriate education. The IEP process can be confusing, stressful, and sometimes terrifying to parents. The process comes to a head at the IEP meeting, so this is often the most stressful part of the IEP process.Why is this process so difficult for parents? Through a series of 3 articles, we’ll look at the IEP process, why the deck is stacked against parents, steps to take to even the odds, the IEP success method to follow for an effective IEP meeting, and how to prepare for IEP 911.What are the IEP Process Steps?Identify that a problem exists and it cannot be solvedEducate yourself about the IEP processAssess and test the studentAnalyze the test resultsPrepare for the meeting / get and give input in advanceMeet to review information and create (or deny) an IEPEvaluate the plan and alternativesExecute the plan or alternativeMonitor progressManage transitionsNegotiate changesRepeat the process, at least annuallyThe IEP – Why are Parents at a disadvantage?1. You are usually outnumbered.2. The other attendees are speaking a language that is difficult for you to understand-educationese, legalese, and medicalese.3. Your child is one of many students. This is their job, but your child. This sets you up for emotional reactions.4. Because you are emotionally involved, it is harder to be objective. You feel you have more to lose; it’s easy to become defensive or lose your temper.5. The people sitting across from you are people you learned to respect, obey, and / or fear as a child. Principals, medical people, teachers. You may not see yourself as an equal.6. You are asking for something. It is implied that anything you ask for will take away from another student.7. Some of these people attend dozens of IEP meetings every month. You may go to one or two a year. They have experience on their side.8. The school personnel earn a salary while they attend these meetings. You may give up some salary to attend.9. The school district has an attorney. You may know of an attorney!10. If the school rejects the IEP, you may feel as if you have just lost your lifeline.11. If you have argued before, threatened legal action, complained about an IEP and on and on, the relationship inside the room might have moved over to confrontational or adversarial. The above are true even if you are in a cooperative, collaborative meeting and all working together. You can continue the list from here if you have moved over to an adversarial meeting!12. You may not be sure what is “wrong” with your child.13. You have no way of judging if the school’s recommendations will help your child or not.14. If your child attends the meeting, hearing certain things may upset your child, then you.How do you even the odds?1. You need to prepare for the IEP meeting and review test results before the meeting.2. You need to be organized and to have everything written down.3. You need to study negotiating before the meeting.4. You need to bring a short list of topics you want to discuss such as a particular teacher / problem, etc.5. You need to come ready with a written plan (See Part II and III).6. You need to cite or quote the evidence and experts as proof of the validity or correctness of your plan and follow the IEP Success Method in Part II.7. You need to understand the legal basis for what you are asking for.8. You need to stay calm and bring someone with you to take notes so you can focus on the meeting.9. If the meeting focuses on negatives, you need to redirect the meeting by pointing out your child’s strengths. Discuss successes your child had outside of school.10. If necessary, you need to bring an advocate or a relative with you who can be less emotional but is acquainted with your child.11. If you are confused or not happy with the entire IEP, you need to remain calm and state that you need time to review the IEP before you sign.12. If there is any area you are unsure of, you need to postpone decisions you are unsure of until you do the research.Next: Part II will discuss the special education IEP Success Method and IEP Meeting Mottos.
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The Owner Financing Concept and Its Benefits to the Buyers and Sellers
There are many strategies to buy and sell homes and the Owner Financing is one of them. This strategy do not need any sales agents so if you will ask any sales agent about this strategy then he may not tell you the details of it because there will be no profit for the sales agent. This strategy cuts the profit of the sales agent because using this strategy, the buyers deal directly with the sellers and there will be no commission for the agents.Popularity of the Owner financing conceptThis concept is a very useful concept of the real estate market and can work in all types of big and small real estate transactions such as the sale of a home or a building. This concept is very useful but not much famous because only few buyers and sellers are aware of this concept. The percentage of homeowners selling their homes using this concept is not more than 20%. This figure shows the popularity of this concept in the real estate market. Not only the buyers and sellers but some real estate professionals and agents are also unaware of this concept.Today this concept is not used by everyone because only few know about it but in future it will be used by everyone its popularity is raising. In these types of contracts, the buyers do not depend on the banks or financial institutions for the finance. Who is authorized to receive the monthly payments from the buyer if the banks or financial institutions do not hold the finance? The answer is simple. The seller himself is authorized to receive the monthly payments from the buyer because the seller himself is responsible to hold the finance.Benefits to the buyers and sellersThere will be no reason for the buyers to go to third parties for finance if the seller himself is ready to finance the purchase. This process is best for the buyers and not only for the buyers but this process is useful for the sellers also. If a homeowner agrees to sell his home via owner financing then there will be too many interested buyers ready to deal with the homeowner as soon as this news reaches the real estate market. Everyday the homeowner will get calls from the interested buyers and he will have full freedom to select the best buyer among all the calls he has received.
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