Payday Loans Blog

Money has been tight these past few years; we always manage to get by, but this past weekend was the last thing we needed. Last Friday our downstairs plumbing went went 'down-the-drain' so-to-speak. There was water everywhere and if we didn't get it fixed fast we were going to have a lot more damage on our hands than just a broken pipe line. My wife and I were worried about the cost to fix everything since we knew we didn't have enough in our bank account. We quickly went online and applied for a Payday Loan through Check City and they were able to get the money we needed in our account before the guy even had the pipes fixed! We were able to get everything all fixed up and back to normal in no time! Thanks Check City; you saved the day!

Getting a Payday Loan through Check City is Fast, Easy and Affordable

Check City makes getting the money you need fast and easy and so affordable; it's no wonder way so many people across the nation trust Check City when they need money fast. Visit our "What's the Real Deal with Payday Loans" page to answer all of your payday loan questions today!

 

A recent article " 'Bank on Dallas' reaching out to low- and middle-income residents"  highlights a Dallas Texas initiative and campaign "Bank on Dallas – It's Safe and It's Smart" that is being pushed by Mayor Tom Leppert and council member Jerry Allen, along with Jim Reid, president of the nonprofit Momentum Texas Inc. The program which is "designed to help low- and moderate-income Dallas residents establish savings, build credit history, gain access to low-cost sources of credit and invest for the future" is officially underway.

While I applaud the efforts to help low and moderate income people, or for that matter the population in general, a recent FDIC Study of Bank Overdraft Programs seems to indicate that Bank on Dallas might be reaching for something else, your wallet.  The study examined data from 1,171 banks with 6.5 million customers across the US and found that 86% of the banks had an overdraft program and that 71% of the banks automatically opt customers into the program.  The study showed the average overdraft fee was $27.00 and that a customer repaying a $20 POS/debit overdraft in two weeks would incur an APR of 3,520 percent. The study found that 94% of the $1.7 billion in overdraft fee revenue came from customers that overdrew their account an average 5 times per year, while as many as 10% of customers overdrew their account as many as 10 times per year. Just 5 overdrafts per year would generate $135.00 per year in revenue for simply failing to deny a customer’s transaction at the point of sale. Across a customer’s working lifetime of 45 years that equates to nearly $9000.00 in revenue.  

The stated goal of Bank on Dallas is to "generate at least 25,000 new accounts over a two-year period and provide the opportunity for free financial education". Based on study data, the Dallas consumers would potentially generate an additional $1.35 million dollars worth of revenue per year, or $81 million dollars in overdraft revenue across an average 45 workling year lifetime. This is a far cry from the $40,000 that Bank On Dallas is trying to save them from spending on cashing checks at other institutions, especially since they might have also get roped into a 350% APR payday loan instead of a 3520% APR overdraft fee.

According to these numbers it makes perfect sense that Bank on Dallas has partnered with the Federal Reserve Bank of Dallas, and other Dallas banks and credit unions such as Capital One Bank, Chase Bank, Citi Bank, Wells Fargo Bank, Comerica Bank, Bank of Texas, Regions Bank and Neighborhood Credit Union. It also seems that their $58,250 funding contributions was a steal for the potential $81 million dollars in revenue they stand to gain from their 25,000 new customers.

It is also no surprise that non-profit organizations sponsored by Banks and Credit Unions are working with local governments to pass legislation across the US to drive out their competition by limiting APR's that overdraft protection products aren't subject to.

It stands to reason that you, as a consumer might need to watch out for those that decide to watch out for you!!

Full Article: Bank On Dallas

Experts say that everyone should have a basic emergency fund of at least $1000. Why? Too often, those little unexpected emergencies come up when you just paid all the bills and there is just not enough money to cover what you need; whether the dishwasher breaks down, you get a leaky pipe, your car won't start, the list could go on and on. If you do not have a minimum of $1000 sitting in your savings to cover such unforeseen cases, experts say that you should not only begin socking away as much money as you can right away, but that you should make it a top priority have the money saved up within a couple of months.

How can I save up a $1000 emergency fund?

If the idea of saving up a $1000 emergency fund seems impossible for you right now, there may be some ways that you haven't thought about yet; you just might have a lot more money than you think. How do you 'find' that money, you ask? Begin by fixing yourself up a tight but workable budget that works for you and your family. Too many families out there just live paycheck to paycheck and do not really have any money left over afterwards, yet do not realize how much their little extra expenses really add up; take-out meals, buying unnecessary items such as video games or movies, going out too often, or too many little "splurges".  

If you are thinking to yourself, "well, my budget is already as tight as it can get and there is no breathing room left," you should start looking for other ways to build up a quick $1000 emergency fund. Try having a garage sale. Go through your house and find the items that you really don't use or care for anymore and sell them! Also, you might want to consider selling your broken or unwanted scrap gold to a gold buyer that you can trust; if you find the right place, you can get a lot of money right now since gold prices are at an all time high.

If you need money in your bank account now, without the hassel of credit checks, all you have to do is apply online or visit a Check City near you and apply for a fast, easy, and affordable payday loan and they can give you the cash you need on the spot or have it deposited directly into your bank account by the very next business day. It really is that easy!

As long as you have a steady job, and a bank account, you can get approved today.

We understand that sometimes life throws you a curve ball; handel it the easy and stress-free way with Check City!

Javier Morales had two goals against Columbus Crew, but one of those goals ended up being a little more special than the other.
Morales sent a rocket into the goal that bounced off the inside of the wood and into the net.  The goal earned him 46.3 percent of the vote, giving Morales the AT&T goal of the week.  His other goal was off a free kick that took his total for the season to 6.  He was also named MLS Player of the Week as a result of his great play.
Morales is not a stranger to the goal of the week award, winning it in week 1 for a long strike against San Jose. 
RSL hopes to keep their unbeaten-at-home streak alive when they host Toronto FC on August 28th. 

Opinions are flying as plans of a $100million mosque/Islamic community center sends many Americans into an uproar; especially after President Barak Obama's released statements of support for the plans.

In Obama's own defense, he claims that it is his "responsibility to stand up for the constitutional principle of religious freedom and equal treatment of all Americans."

According to a recent Fox News article, many Republicans and some victim's advocates have strongly condemned Obama's support for the mosque which would be built two blocks away from Ground Zero; were almost 3,000 people where killed on Sept. 11, 2001 when jet line hijackers viciously brought down the World Trade Center towers. According to the article, "while no one has voiced opposition to the constructions of the mosque, critics are concerned that the center's proposed location is insensitive to those affected by the terror attacks."

Debra Burlingame, a spokeswoman for some of the Sept. 11 victim's families, stated that the building of the planned Islamic center, "is a deliberately provocative act that will precipitate more bloodshed in the name of Allah."

This picture below is that of President Obama hosting an iftar dinner, the meal that breaks the dawn-to-dusk fast for Muslims during their holy month of Ramadan, in the State Dining Room at the White House in Washington D.C. Friday August 13, 2010.

-All of this together only drawing more light and controversy for many as to the question of whether or not Obama is Muslim-

Perhaps you have seen the latest poll floating around the internet that supposedly shows a growing number of Americans that believe President Barak Obama to be Muslim despite his repeated claims to be a devoted Christian. There seems to be a growing interest in the matter and even a growing concern from many who make an association in their minds with the uproar and controversy that has been in the media for over a decade now.

According to a Fox News report, in his official campaign web site it stated, "Obama has never been a Muslim and is a committed Christian." Although Barak's half-brother, Malik Obama, is not so sure that that statement is true and discusses Barak's Muslim background and showed a picture of himself and Barak dressed in Muslim dress reportedly when the two first met in 1985. (picture shown below)

For many, it is not a matter of Barak Obama having Muslim links or even a Muslim background himself that would be of most concern (according to an article by noquarter) but rather his "appearance of running from any past associations" that seems strange.

Along with this, comes his supposed support for Muslims to build a controversial mosque at Ground Zero.

Wherever that truth lies, one thing is for sure; there is heat and confusion stirring for many.

A lawsuit involving Wells Fargo recently concluded with the bank being ordered to pay $203 Million dollars back to its customers for what the Californian federal judge called "unfair and deceptive business practices".

The judge accused the bank of "profiteering" by changing its polices to process transactions from checks, debit card and bill payments from the highest dollar amount to the lowest dollar amounts instead of in the order that the transactions took place. As a result from the company changing its policies, the highest dollar amount transactions would drain the customer's bank account faster and lead to more overdraft charges from the multiple smaller dollar amounts that followed.

The judge concluded that there was no doubt that the policy change's sole purpose was to increase the bank's profits by increasing the number of overdraft transactions. Along with intent to increase the number of expensive over draft fees that could cost as much as double or even triple the cost of a payday loan that could have saved the troubled accounts, the bank was also accused of being misleading with their online information of people's accounts since the transactions would be shown as pending in-order even though they would be pulled from the account from highest to lowest dollar amount.

This case is just one more frustrating example of how banks are trying to develop new policies to sneak around laws to pocket more of our money.

Did you know that by the time you reach age 50 you might begin experience age-associated memory impairment? That thought is a bit scary, but luckily, recently Dr. Kevin Duff from the center of Alzheimers's Care Imaging and Research at the University of Utah gave some tips of how we can help maintain a healthy, well-functioning brain as we age:

• Physical Activity: Doing things like running, walking, swimming, biking or any related activities that help to keep the body moving and blood flowing to the brain.
• Cognitive Activities: Activities that challenge the mind and help to build new connections in the brain; such as crafts, puzzles, reading, or taking classes for some examples.
• Social Activities: Doing things with friends help to fire up the brain cells; you can join groups, clubs, or church activities.

 

 

 

A recent article " 'Bank on Dallas' reaching out to low- and middle-income residents"  highlights a Dallas Texas inititative and campaign "Bank on Dallas – It's Safe and It's Smart" that is being pushed by Mayor Tom Leppert and council member Jerry Allen, along with Jim Reid, president of the nonprofit Momentum Texas Inc. The program which is "designed to help low- and moderate-income Dallas residents establish savings, build credit history, gain access to low-cost sources of credit and invest for the future" is officially underway.

While I aplaud the efforts to help low and moderate income people, or for that matter the population in general, a recent FDIC Study of BankOverdraft Programs seems to indicate that Bank on Dallas might be reaching out for something else. 

The study examined data from 1171 banks with 6.5 million customers across the US and found that 86% of the banks had an overdraft program and that 71% of the banks automatically opt customers into the program.  The study showed the average overdraft fee was $27.00 and that a customer repaying a $20 POS/debit overdraft in two weeks would incur an APR of 3,520 percent . The study found that 94% of the $1.7 billion in overdraft fee revenue came from customers that overdrew their account an average 5 times per year, while as many as 10% of customers overdrew their account as many as 10 times per year. Just 5 overdrafts per year would generate $135.00 per year in revenue for simply failing to deny a customers transaction, most often at the point of sale. Across a customers working lifetime, an average of 65 years, that equates to nearly $9000.00 in revenue. 

The stated goal of Bank on Dallas is to "generate at least 25,000 new accounts over a two-year period and provide the opportunity for free financial education" . Based on study data, the Dallas consumers would potentially generate an additional $1.35 million dollars worth of revenue per year, or $81 million dollars in overerdraft revenue across an average 60 workling year lifetime. This is a far cry from the $40,000 that Bank On Dallas is trying to save them from spending on cashing checks at other institutions, especially since they might have also get roped into a 350% APR payday loan instead of a 3520% apr overdraft fee.

According to these numbers it makes perfect sense that Bank on Dallas has partnered with the Federal Reserve Bank of Dallas, and other Dallas banks and credit unions such as Capital One Bank, Chase Bank, Citi Bank, Wells Fargo Bank, Comerica Bank, Bank of Texas, Regions Bank and Neighborhood Credit Union. It also seems that their $58,250 funding contributions was a steal for the potential $81 million dollars in revenue they stand to gain from their 25000 new customers.

It is also no surpirse that non-profit organizations sponsored by Banks and Credit Unions are working with local governments to pass legislation across the US to drive out their competition by limiting APR's that overdraft protection products aren't subject to.

It stands to reason that you, as a consumer might need to watch our, for those that decide to watch out for you !!

For the full article by Robert Miller visit DallasNews.com