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Chase Personal Loan

Chase offers a lot of services, but Personal Loans aren’t one of them. You can find auto loans and mortgages with Chase but if you want the Flexibility of a Personal Loan you may have to look elsewhere for your loan.

Does Chase offer personal loans? The simple answer is NO, Chase does not currently offer personal loans.

Many banks don’t actually offer personal loans. Like most banks Chase also doesn’t offer personal loans. Instead Chase mainly offers saving and checking account services. The closest services to a personal loan they offer are credit cards, auto loans, and mortgages, but they don’t technically offer personal loans. But don’t worry because there are other personal loan options out there that we’ll touch on later in this article.

Chase Credit Cards: A Quick Look

Pros Cons
some of their cards offer cash back and bonus points some of their cards only let you earn back on certain things like dining and travel
some of their cards let you earn back 1.5% to 6 times on purchases some of their cards have fees up to $95
some cards have no annual fees

Chase Auto Loans: A Quick Look

Pros Cons
you can refinance the loan you need to be a Chase customer with a checking account for refinancing options
loan terms are 12 to 84 months you might want to pay back the loan in less than a year
loan amounts are $4,000 to $600,000 you might need an even smaller loan
great for buying a new car or refinancing existing car loan not great for other personal reasons

Basically, Chase is a great place to go if you’re looking for auto loans in order to buy a new car, or if you’re looking for different credit cards that offer an array of benefits. But if you are looking for a more flexible loan that you can use for a larger variety of personal reasons then you’ll need to look at other loan providers.

Who are Chase Loans and Credit Cards Perfect For?

The Chase auto loan is great if you need to purchase a new car or refinance your car payments. Likewise, Chase credit cards are great if you travel a lot and want to accumulate benefits for all the money you spend on traveling expenses. If you need a large auto loan or credit cards great for travelers, and you meet the below requirements, then Chase may be perfect for you.

  • If you have a high credit score
  • If you need a large auto loan
  • If you have a lot of travel expenses for tickets, hotels, and dining
  • If you already have a Chase account

Who Should NOT Get a Chase Loan or Credit Card?

If you don’t meet the above requirements, or you’re just looking for a quicker, smaller loan that you can use for something besides a car, then you may want to keep shopping for your perfect loan. If any of the listed items below represent you, then you should consider a different personal loan provider.

  • If you need a smaller loan
  • If you want to pay back the loan in less than a year
  • If you don’t already have a Chase account
  • If you need your loan quickly, or that same day
  • If you have a low credit score
  • If you can’t afford a hard credit pull application on your credit score
  • If you have personal reason beyond cars for needing a loan

An Alternative to a Chase Personal Loan

Check City offers a different kind of personal loan. So if the features and requirements present in Chase’s loan and credit services don’t work for you, a Check City personal loan might be your answer.

Reasons to Get a Check City Personal Loan:

personal loan for you

  • Check City is a direct lender
  • Check City is also a state licensed lender
  • The application process is quick and simple
  • You don’t need a high credit score to apply
  • There are no origination fees
  • You can get your loan TODAY
How to Apply for a Check City Personal Loan

Check City personal loans are incredibly easy to use. Just visit the Check City Personal Loan Page and you can quickly apply for your loan online, at a nearby Check City store, or even over the phone!

All you need to apply for the loan is:

  • A government ID
  • Proof of bank account
  • Proof of direct deposit
  • Proof of income
  • A valid phone number

Apply for a Check City Loan Online by clicking HERE.

Find a conveniently located Check City Store by clicking HERE.

Or call Check City’s Loans By Phone number: 800-404-0254

Check City personal loans have a fast and easy process, and if you go into a Check City store to apply, you can actually walk out with your personal loan funds that very same day! Check City personal loans are great for loan customers that need a quick, easy to use, smaller personal loan that they can pay back in a matter of months instead of years. They’re also a great loan option for customers with lower credit scores since Check City doesn’t pull a traditional credit report when processing your application.

LOAN COMPARISON CHART

Check City Personal Loans Discover Personal Loans Wells Fargo Personal Loans

Chase Auto Loans
Amount $300 to $3,000 $2,500 to $35,000 $3,000 to $100,000 $4,000 to $600,000
Rates lower APR than our payday loans 6.99% to 24.99% APR 5.49% to 22.99% APR depends
Fees no origination fees no origination fees, no closing costs no origination fees, no prepayment penalties depends
Terms 6 months 36 to 84 months (3 to 7 years) 12 to 84 months (1 to 7 years) 12 to 84 months
Min. Credit Score Check City doesn’t pull a traditional credit check, and if you have a low credit score you can still apply for a Check City personal loan 660 600 high credit score

 

When you think of loans you often think about the requirements you need to meet in order for you application to get approved. But you have loan requirements too! Everyone is looking for something different in a personal loan, like the ability to refinance the loan later, or the ability to get the loan right away. You can find all these key qualities with a Check City Personal Loan!

Whatever your own personal loan requirements might be, you should always study up on what features each loan provides before making a choice.

 
READ MORE
Learn more about the usefulness of loans, “The Usefulness of Loans from Large to Small.”

Budget like a boss by reading, “Budgeting in 4 Easy Steps.”

Dave Ramsey’s 7 Baby Steps

dave ramsey baby steps

Are you trying to get out of debt? Do you want more financial stability and freedom? Are your finances one of the bigger stresses in your life right now? If any of these sentiments apply to you then Dave Ramsey’s 7 baby steps might be just what you need to cure your money blues.

Table of Contents

Step 1: Start an Emergency Fund
Step 2: Focus on Debts
Step 3: Complete Your Emergency Fund
Step 4: Save for Retirement
Step 5: Start a College Fund
Step 6: Pay Off Your House
Step 7: Build Wealth

Dave Ramsey is a guy who, through personal experience, was able to get out of debt and find financial peace of mind. He is now a financial expert with courses and books to help the everyday person get in control of their finances.

The best place to start when trying to regain control over your finances and achieve a full “money makeover” is to start with his 7 step plan. This plan has 7 baby steps that you follow to reach more financial stability and get to the point where you can start building wealth.

Step 1: Start an Emergency Fund

car maintenance

The first step in Dave Ramsey’s 7 step plan is, “Save $1,000 for Your Starter Emergency Fund.”

One of the main reasons people struggle with money is because necessary emergency expenses (like medical bills, car bills, or home repairs) come out of nowhere and drag you deeper and deeper into debt. But if you are preemptively prepared for these surprise expenses then they won’t take you off guard again.

So the very first thing you should do when getting your money in line is to get an emergency fund started. Save up an emergency fund in a separate bank account, until you have at least $1,000 in the account. This will be the start of the emergency fund that will keep sudden necessary expenses from plunging you into deep debts because you weren’t prepared.

Step 2: Focus on Debts

debts

The second step in Dave Ramsey’s plan is to “Pay Off All Debt (Except the House) Using the Debt Snowball.”

The snowball method that Dave Ramsey refers to here means that you start by paying off small debts first, and work your way up to the bigger debts. Debts can include paying off your car, credit card debts, and student loans.

First, make a giant list of all your debts, every single one, except for your mortgage if you have a house. Then, put your list of debts in order from the smallest debt amount to the largest. Then you go through knocking out each debt by eliminating the smallest debts first and working your way up to the largest debt last.

Step 3: Complete Your Emergency Fund

medical bills

The third step is to “Save 3 to 6 Months of Expenses in a Fully Funded Emergency Fund.”

Now that you’ve gotten all your debts out of the way, it’s time to finish your emergency fund. You can use the same money you were using to pay off debts each month and put it toward your emergency fund until it has enough to cover 3 to 6 months’ worth of expenses and bills. Then you’ll really be prepared for anything.

Reasons to Have an Emergency Fund

  1. If you lose your job.
  2. You won’t have to worry because you’ll have enough to last you 6 months. This will give you the time you’ll need to find a new job.

  3. If your car breaks down.
  4. You’ll be able to pay for the necessary repairs, the tow truck, or even for a new car in some cases.

  5. Medical bills.
  6. Don’t let your health and necessary medical bills keep you from staying afloat financially.

  7. Home repairs.
  8. If something happens to your home you’ll be able to fix the problem rather than living with it.

Having an emergency fund is THE key to keeping you out of debt in the future. After getting yourself out of debt, an emergency fund is what will keep you from getting back into debt in the future.

Step 4: Save for Retirement

retirement

The fourth step in the Dave Ramsey plan is to, “Invest 15% of Your Household Income in Retirement.”

After your debts are gone and your emergency fund is taken care of, it’s time to start seeing to other important savings like a 401K. Dave Ramsey recommends you take 15% of your gross monthly income and put it toward a retirement fund each month. To figure out how much you should be putting into your retirement fund each month, take your monthly income and multiply that number by 0.15.

Step 5: Start a College Fund

college funds

The fifth step to Dave Ramsey’s plan is to, “Save for Your Children’s College Fund.”

Avoiding student loan debts can be one of the biggest factors in staying out debt as a young adult. If you can pay for your kids college tuition then you’ll ensure their financial security in the future, as they’ll better be able to stay out debt. Dave Ramsey recommends using either a 529 college savings plans, or an education savings accounts (ESA). Talk to your bank or credit union about setting up these accounts for these specific purposes.

Step 6: Pay Off Your House

mortgage

The next to last step in this 7 step plan is to, “Pay Off Your Home Early.”

Put all the extra monthly income you have into your mortgage so you can finish paying it off early. After this step you will officially have no debts whatsoever! All of your earnings will go to you instead of getting drained away in large debts and payments.

Step 7: Build Wealth

wealth and legacy

Finally, it is time to, “Build Wealth and Give.”

Congratulations! Once you’ve reached the 7th step in Dave Ramsey’s Baby Steps, you can start focusing on building your wealth and leaving a legacy. Don’t forget to keep and maintain those financial safety nets like a healthy emergency fund, retirement account, savings account, and college funds.

Now you are officially in charge of your money rather than it being in charge of you.

Financial freedom is possible for you! Everyone can do it and Dave Ramsey’s 7 baby steps can help you get there. Dave Ramsey also has other resources that can help you implement this plan. You can participate in Dave Ramsey’s program, books, and podcasts.

You can take the actual course with Financial Peace University.

Dave Ramsey also has a free customized plan and assessment that you can do right now, in just 3 minutes!

Listen to the Dave Ramsey Show anywhere you listen to podcasts or radio.

 
Dave Ramsey’s 7 baby steps to financial freedom can help you with so many aspects of your life. They can help you decide when to buy a house or help you get situated for saving for a house. It’s a checklist program that can help you get rid of loans and debt (like student loans), or even help you get to where you can budget for a wedding.

Another way you can get some needed financial help is to take out an Installment Loan at Check City! Installment loans can help you stay on top of your bill payments and avoid late fees, which can really hurt your long-term financial goals.
 

READ MORE

Browse Dave Ramsey’s online store for more great financial resources to help you on your financial journey.

Read more helpful articles on the Dave Ramsey Blog

Learn more about the debt snowball, “How the Debt Snowball Method Works.”

Read Dave Ramsey’s full article on his 7 baby steps, “What Are the Baby Steps?

Stay out of debt through college by using these tips, “How to Stay Debt Free through Grad School.”


Provo’s Year of Transportation

transportation

Nobody likes getting stuck in traffic, but with rental bikes and scooters you can pass the traffic and get around quicker, all while helping the environment and air quality. See what Utah’s city of Provo is doing this year to combat these two issues.

Rental bikes and scooters are becoming increasingly popular in high traffic areas. Provo has become one of those booming, high traffic places, so it’s no surprise that so many transportation innovations have taken place in Provo in the last year or so.

Transportation is a giant part of our lives today. Everyone needs it and we often use it every day, sometimes several times throughout the day. Cities like Provo have a particular need for ample transportation. Not only is it a college city, but it has become a tourist spot, and home to numerous unique start-ups and businesses, attracting crowds from all around.

So because of Provo’s growing urbanization and success, Provo’s city council decided to start what’s being called Provo’s Year of Transportation. The initiative was begun by Provo Mayor Michelle Kaufusi and has been ongoing since 2018. So far this transportation movement in Provo has included:

  1. Utah Valley Express bus (UVX)
  2. Rental bikes and scooters
  3. Provo airport expansion

Utah Valley Express bus (UVX)

The UVX is a free express bus with its own lane that goes between Orem and Provo station all day, Monday through Saturday. The UVX makes several new and convenient stops along the way to get people to key places between Provo and Orem quickly.

The UVX has been more than a success, giving more than 2 million rides since it began running! Provo has high hopes in having equal success with their other transportation initiatives.

The UVX is easy to pay for because, it’s FREE to all passengers! There’s really no excuse to not take advantage of this new city convenience. For other buses and the front runner, you can now pay for your tickets on the UTA GoRide app, making your UTA trips even more quick and convenient. And if you’re a student or employee at UVU or BYU, then your student or employee ID acts as a free annual UTA pass!

Rental Bikes and Scooters

The newest addition to Provo’s transportation movement is the electronic Spin scooter. Spin is the manufacturer of the scooters, and you use the Spin app to pay for, activate, and ride one of their scooters. But Zagster is the company the city council chose to oversee the overall operations of the scooters. Zagster will address and manage any problems and see to it that the new rental scooter program is a success.

They will also be adding rental bikes to their services in the coming months. The new bike rental program will be a docked system where the bikes are parked in permanent locations. They are planning to get this program up and running by January 2020.

But for now, you can use any number of the bike rental stores that already exist in Provo. Bikes are great for getting around the city quickly and avoiding traffic almost completely. But they’re also fun to rent as an activity with friends, to see the city sights!

  1. JigaWatt Cycles has 5 stars on Google. They have electric bikes for rent, with different bicycle types to choose from.
  2. Gary’s Bikes is the next 5 star review bike place in Provo. Their rental bikes can even be delivered to your home! They also sell bikes and bike accessories.
  3. Hangar 15 Bicylces is the final 5 star reviewed bike place on Google. They sell bikes and bike accessories as well.

Provo Airport Expansion

Did you know Provo had an airport? Because I didn’t! But people are hearing plenty about the Provo airport now since there are plans for major expansions. The first part of the Provo airport expansion is going to include a whole new terminal with 4 more gates. Eventually they plan on adding 10 more gates in total, allowing for more destination services to the airport right in Provo. This will not only make the lives of Provo residents easier, but a bigger Provo airport also means less traffic going into the Salt Lake airport!

Why We Welcome Provo’s Transportation Movement

better environment
 

Provo isn’t just expanding in order to draw more people and more traffic into town, but rather, Provo is accommodating the traffic already here. By providing these economically friendly transportation options, Provo can better manage its traffic flow, making getting around an easier feat for all.

These new travel options are also environmentally friendly and will help reduce the impact transportation has on the neighborhood’s air quality. The electronic bus and scooters that Provo has opted to use in their programs have a much lower impact on Provo’s environment than other options. For example, using electric buses for the UVX (instead of the traditional diesel buses) can lower emissions by as much as 87 percent!

About Spin Electric Scooters

There are currently 200 scooters in Provo, but if all goes well this number could increase if necessary. A scooter costs $1 to unlock and 15 cents per minute of use, capping out at a maximum $10 an hour. They can go a maximum of 15 miles per hour, and are equipped with GPS. The scooters are great for getting around to nearby places in Provo, for getting in between your other transit stops, or for sightseeing. They are extremely easy to use—you can either download the Spin app with your smartphone to activate and pay for your scooter rental, or if you don’t have a smartphone you can just text the barcode number.

As great as this all may sound for some, there are those who are skeptical about the scooter program and worry about problems arising. For those worried about the scooters being where they shouldn’t and getting in the way, worry no more! Scooters are only permitted anywhere bikes are already allowed, and they will actually shut off if the user tries to ride into an area where scooters are prohibited. For instance, the scooters aren’t allowed on BYU campus, so Zagster and Spin created a geo-fencing system that disables the scooter if it crosses that virtual fence. The scooter program also has up to 40 employees to keep the scooters from piling up at hot spots, and to gather the scooters up again each night and put them back.

How to Rent a Scooter

It is advised that you wear a helmet while operating one of Provo’s rental scooters.

  1. Open the Spin app and find a scooter near you.
  2. With the app, scan the QR code on the top of the scooter to unlock it.
  3. Once you are on the scooter use the right throttle to accelerate.
  4. When you are done just park it at a bike rack, or close to the edge of the sidewalk, where it won’t be in anyone’s way.

Heavy Traffic & Emission Problems Near You?

traffic problems
 

If you don’t live in Provo, but your city or town has similar problems with traffic congestion or pollution from car emissions, there are some things you can do to help! First of all, every town has a website, or people you can contact if there are changes in your neighborhood you would like to see. For instance, Provo residents can visit Provo.org to stay informed about their community and help make their town a better place. Start by getting more connected with your local community and government!

You can also buy your very own electric scooter or bike! You can buy online or go to a local bike shop near you and purchase your very own eco-friendly ride.

A scooter or bike can even help you beat the morning rush and get to work on time. It can also help you save on transportation costs since bikes and scooters don’t require gas. According to Business Insider the average person spends anywhere from $400 to $1,300 or more on gas each year, depending on the state you live in. Imagine what you could do, and the debts you could get rid of, if you only didn’t have to pay for gas?

If you need this kind of help in your life, but don’t have the funds to buy a decent bike or scooter right now, visit our website and get a Check City Personal Loan so you can start pedaling and saving asap!


READ MORE

Save even more money on transportation with tips from these articles:

Saving Money on Transportation

How to Save Money on Transportation


How to Become an Uber Driver

uber driver

Should you become an Uber or Lyft driver and are you missing out? Passenger fares have never been lower, but the jury is still out on whether the ride-sharing gig is worthwhile for its drivers. We’re going to cover not only how to get in on the ride-share driving business, but how much you can expect to earn as well.
 

 
Ride-sharing services are one of the fastest growing companies of our time. Ride-sharing apps appeal to potential drivers because they can come from all walks of life, they can be self-employed, and they get to be in control of their own hours. For passengers the appeal of ride-sharing services is the convenience of hailing and paying for their ride all on their phone.

Ride-hailing companies have really grown into a giant business—Uber alone exists in 63 different countries and is operating in over 700 cities. They’ve also recently broadened their platform to include not just car services but bikes, scooters, food delivery, and even freight. In the future they also hope to add air taxis and driverless cars to their many services.
Needless to say, the ride-sharing app business is growing and here to stay.

You’re probably wondering now how you can get in on this flexible form of self-employment and never answer to a boss again! But before you download the app, quit your job, and hop in your car, hear us out, because becoming a driver for a ride-share business may not pay as well as you’d think.

How to Become an Uber Driver

First, to become an Uber driver you must meet the following requirements:

  • Meet the minimum age to drive in your city
  • Have at least one year of licensed driving experience in the US (3 years if you are under 23 years old)
  • Have a valid US driver’s license
  • Meet vehicle requirements (an eligible 4-door vehicle)

Second, if you meet these requirements then you share the following documents:

  • A valid US driver’s license
  • Proof of residency in your city, state, or province
  • Proof of vehicle insurance if you plan to drive your own car
  • A driver profile photo
  • Must be a forward-facing, centered photo including the driver’s full face and top of shoulders, with no sunglasses
  • Must be a photo only of the driver with no other subject in the frame, well-lit, and in focus; it cannot be a driver’s license photo or other printed photograph

Third, you complete an online screening that reviews your driving record and criminal history. And that’s it! After your application is accepted you can download the uber app and start taking rides.

How to Become an Uber Eats Driver

Uber Eats is a delivery partner that has teamed up with many restaurants that don’t typically have their own delivery services. As an Uber Eats driver you deliver food orders made via the Uber Eats app. Becoming an Uber Eats driver is similar to signing up to become a driver. Once you sign up to be an Uber driver, upload the required documents, and complete the online screening you simply do the following to start receiving delivery requests:

  1. Go to your account
  2. Select vehicle options
  3. Accept delivery terms

However, when delivering for Uber eats you can also use a scooter or bike instead of a car. In order to drive either of these options for your deliveries you have to meet the following requirements.

How to Become a Lyft Driver

Uber’s rival Lyft is a newer ride-hailing company out on the roads right now. To become a Lyft driver you can visit the Lyft website to fill out their application and start their process. You’ll basically have to do the following:

  1. Fill out the application
  2. Vehicle Inspection
  3. Background check
  4. Meet the requirements of your city
How to Become a Driver without a Car

At this point you may be wondering, but how do I become an uber driver without a car? How do I become a lyft driver without a car? If you don’t have your own car to drive with, Uber has partners that can rent a car to drive with. Lyft has something similar with Lyft Express Drive. With this you can use a rental car and return it at any time, with things like insurance and standard maintenance included in the rental price.

How Much Money Do Drivers Actually Make?

How much you can really make as an Uber driver is riddled with caveats. Yes, you can earn good money from driving during surge hours and getting tips from your passengers, but then other things, like all the costs that go into having and running a vehicle, will dent your earnings. Because ride-share drivers are technically self-employed they have to take on all the costs necessary to run their business, and this is where ride-share drivers experience major disappointments in their earnings with apps like Uber.

How Much Uber Drivers Make

There are many people out there that would love a lucrative way to be self-employed, and there are many aspects of businesses like Uber and Lyft that draw in new drivers every year. There are estimated to be about 833,000 Uber driver participants in just one year. Uber has also said that their drivers can earn $75,000 to $90,000 a year, while the typical taxi driver only makes about $30,000 a year.

If these numbers were true to what most drivers are actually making then why would almost half of all drivers only stay in the business for less than a year before dropping out of the game? It is because most Uber drivers don’t end up seeing earnings this high.

In reality Uber drivers make an average of $15.68 per hour, which means Uber drivers make about $7.84 per ride, and about $109.76 per week if they work all 7 days. Surveys done by Earnest have also found that Uber drivers make $364 per month on average, which would mean that Uber drivers make an average of $4,368 per year. Uber does give drivers the ability to earn extra with surge pricing. This is when passengers fees go up during higher density hours.

How Much Lyft Drivers Make

Lyft drivers make pretty similar numbers but the difference might be just enough to make you switch apps. Lyft drivers make an average of $17.50 per hour. This means that on average they make about $8.75 per ride, and about $122.50 per week if they work every day. Earnest also found that Lyft drivers tend to make an average of $377 per month, which would mean that Lyft drivers make an average of $4,524 per year.
 
earning stats
 

Average Earnings by City

Not all cities are created equal when it comes to the demand for ride-hailing services. How much work you can get and how much you’ll get paid on average will depending on what city you work in. But remember, many of the best cities to work in for ride-share drivers are also more expensive cities to live in, and a higher cost of living will affect your earnings as well.

The 10 BEST cities for ride-share drivers are . . .
  1. Honolulu, Hawaii at $25.55 an hour
  2. Seattle, Washington
  3. Long Island, New York
  4. Pittsburg, Pennsylvania
  5. Westchester County, New York
  6. San Jose, California
  7. New York City
  8. Minneapolis, Montana
  9. San Francisco, California
  10. Cincinnati, Ohio at $19.18 an hour
The 10 WORST cities for ride-share drivers are . . .
  1. Buffalo, New York at $9.74 an hour
  2. San Antonio, Texas
  3. Tulsa, Oklahoma
  4. Oklahoma, Oklahoma
  5. Indianapolis, Indiana
  6. Tampa/St Petersburg, Florida
  7. Springfield, Missouri
  8. Houston, Texas
  9. Raleigh/Durham, North Carolina
  10. Akron, Ohio at $4.94 an hour

As you can see, drivers in some of the bottom tier cities aren’t even making minimum wage.

Average Earnings by Vehicle Class

If you were wondering how much drivers tend to make according to their vehicle class we found that information too. Overall they found that most drivers make the following according to what class of vehicle they’re driving:

  • UberX = $13.70 an hour
  • UberXL = $14.84 an hour
  • UberSELECT = $14.85 an hour
  • UberBLACK = $24.87 an hour

It would then seem like the higher class your vehicle is the better you’ll get paid, but you have to remember that you are the one paying for the more luxurious car. Passengers also pay more to ride in the higher-end vehicle types, which will affect how much demand there is each day for the vehicle class you offer.

The Cons of Being an Uber or Lyft Driver

There are actually many reasons these promising numbers don’t become a reality for most Uber drivers. First of all, there is the nature of how Uber drivers are employed (or technically not employed) which affects their pay and benefits (or the lack thereof). Then there are the many other costs that fall on the driver to pay and manage on their own. Finally there is the matter of location that dictates how much work is even available in a driver’s area.

Independent Contractors

Drivers are considered independent contractors, which means that they technically are self-employed. Sounds great right? Who doesn’t want to be their own boss? But there are a number of disadvantages to being self-employed.

Since drivers are independent contractors they have to take care of their own benefits, like insurance, and they are also in charge of all the costs of maintaining their vehicle. Below are some other cons to being an independent contractor for Uber:

  • Because you aren’t a W-2 employee, Uber is not required by any laws to pay its drivers minimum wage.
  • Because you aren’t a W-2 employee, you have to cover your own Social Security and Medicare taxes. Officially employed W-2 workers will typically only pay part of these taxes with each paycheck, while their employer pays the rest.
  • You are considered self-employed, but you still work for a business that will control and regulate aspects of your “self-employment” and control the percentage you get paid.
Demands on Your Own Pocket

Because you are only getting a percentage of your earnings, while the ride-sharing company takes the rest, this makes the personal costs of running your driving business all the more impactful on your wallet.

Instead of all the proceeds of your business going to you and your business, the ride-share app companies take a cut, and they get to decide how big a cut they get. Below are just a few examples of all the costs you have to pay out of your own pocket to run your driving business:
 
insurance
Insurance
Not only do you have to pay for your own health insurance—since ride-share companies won’t consider you an employee and provide any benefits—but you also have to pay for your own car insurance.
 
car payments
Car payments
Ride-share companies won’t provide you with a vehicle the way that other taxi companies do for their employees. Providing yourself with a vehicle to drive and work in is also all on you.
 
vehicle maintenance
Vehicle maintenance
Any maintenance, repairs, and general upkeep that your vehicle will need in order for you to drive is completely your own responsibility. And since you are driving your vehicle for your work it is going to need much more regular maintenance.
 
gas
Gas
You are not reimbursed for what you spend on gas. Business insider found that drivers can spend up to $150 on gas just in a week, and the more you work, the more you’ll be spending on gas each week.
 
tolls
Tolls
If you drive through any tolls your passenger will likely pay an added amount on their fare, but you will be responsible for taking care of the toll fee upfront.



Overall

A recent study was done by the Bureau of Labor Statistics in May 2018 and they found that ride-share drivers may not be any better off than taxi drivers. They found that self-employed drivers only made up 35% of the driving business, and at an average $14 an hour they’re not even making a taxi driver’s salary of $30,000 a year. Because of this it seems ride-share driving truly does belong in the gig economy as more of a part-time job for extra cash, than a full-time occupation.

If working for yourself means a lot to you and the projected numbers we’ve outlined don’t look that bad, then maybe ride-share driving is still the gig for you. You can also always take advantage of Check City Title Loans to help your car stay in business. But it may also be a side gig that needs some revamping by those in charge in order to be made truly worth-while for the drivers once again.



READ MORE
Read more about the new Uber CEO and how he’s been implementing changes in the company.

Learn more about Uber and how it compares in the gig economy today, “Uber and the labor market: Uber drivers’ compensation, wages, and the scale of Uber and the gig economy.”

Read yet another interesting study about how Uber is changing the ride-share economy, “The Competitive Effects of the Sharing Economy: How is Uber Changing Taxis?

This article is a part of our “How Much Do Professions Pay?” series. Check out some other articles in this series to learn more about other professions and what they pay:

How Much Do Teachers Make?

How Much Do YouTubers Make?

How Much Do Nurses Make?


How Often Should You Change Your Oil

When I turned sixteen, it was my dad’s responsibility to teach me good driving habits. Even after passing drivers ed, he wouldn’t let me drive alone or with my friends for several months.

My dad didn’t stop there. He took it upon himself to teach me basic car maintenance, too: checking the tire pressure, how to jump a battery and how often you should change your oil. There was no going to the local Jiffy Lube in my family. We changed our oil the old fashioned way—in the driveway with a jack and a bucket.

Despite my father’s rugged wisdom, he was guilty of giving me a bad piece of car advice. “Change the oil every 3,000 miles, no exceptions,” he said, as if it were auto doctrine. I took his recommendation to heart, and rarely let my car go more than 3,000 miles without an oil change (I was sure the car would fall apart if it went 4,000 or heaven forbid 5,000 without that change).
I don’t want to disparage my dad. Virtually every other piece of car advice he gave me was accurate and extremely helpful. But he was simply off base about how often you should change the oil.

Improved Oil Chemistry

OK, I’ll admit it. My dad wasn’t exactly wrong about oil changes. It’s just that in the last 10 years the technology of engines has improved dramatically, making cars more fuel efficient and oil efficient. For a newer car, say one made later than 2009, it’s entirely possible to go longer than 10,000 miles before you need to change the oil.

Back in my father’s day, 3,000 miles was a pretty good recommendation. But for modern-day automobiles, changing oil that often is simply wasteful.

Enter the Oil Change Companies

The “3,000 myth’’ lasted much longer than it should have. Auto makers have known for a long time that cars don’t need an oil change every 3,000 miles. In fact, take a look at your car’s operations manual. I guarantee that there isn’t a manual printed in the last decade that recommends 3,000 mile oil changes.

Of course, companies who perform oil changes can benefit immensely from getting you to bring your car in more often. Some of the bigger oil change companies even put stickers on the windshields of their customer’s cars recommending the 3,000 mile mark. It was only in 2010 that they stopped the practice, instead pointing customers to the operations manual of their car.

So, How Often Should You Change Your Car’s Oil?

The simplest answer to the question of how often you should change your oil is to consult your owner’s manual. For my particular car, my owner’s manual recommends a change every 7,500 miles if you primarily drive on the highway, and 5,000 miles if you drive mostly around the city. You can also check your number online.

Changing your oil every 3,000 miles won’t hurt your car, but it won’t help it run any better, either. Stick to your manufacturer’s recommendations, and your car should keep chugging for years to come!

Check back with our blog for more helpful tips. You can also visit our title loan pages for Utah Title Loans and Las Vegas Title Loans.
How often do you change your oil? Let us know in the comments sections below!

How to Get Better Gas Mileage and Save Money at the Gas Pump

If you’re like me, your heart sinks a little every time you hand over cash to pay for gas. It’s a shame gas costs more than a typical gallon of milk, but thankfully, with advances in technology our cars have seen a dramatic increase in gas mileage.

Short of going out and buying a more fuel-efficient car, there are many things you can do to improve your current vehicle’s gas mileage. One way to get better gas mileage that you might not have thought of before is the place where your car meets the road—the tires.

Tires are ideal candidates for improving your gas mileage, primarily because of a thing called “rolling resistance.” Basically, the more resistance, the harder your car has to work; and the harder your engine works, the more gas it guzzles. As your tires roll forward, the “rolling resistance” will vary depending on two things: air pressure, and the amount of tread.

Check Your Tires’ Air Pressure

For an immediate improvement in gas mileage, check your tires’ air pressure. The optimal air pressure for your particular car will be outlined in your owner’s manual, or sometimes on a panel located on your car door.

If you find that the air pressure is a little low—and if you haven’t checked it in a while (or ever), it’s likely quite low—inflating them to the proper level can improve your fuel economy by as much as 25%. This is because an underinflated tire has more “rolling resistance.” There’s more rubber pressing up against the road, making it harder for the tires to turn.

Don’t Overinflate Your Tires

When people first hear that they can get better gas mileage by properly inflating their tires they sometimes go overboard and overinflate their tires. Be careful not to overinflate your tires. They were designed to perform at a specific air pressure. Overinflating them can cause them to wear down more quickly and unevenly, shortening the life of the tire.

Overinflated tires can also affect your car’s safety. If the air pressure is too high, it increases your chances of having a blow-out, which can be dangerous. Additionally, overinflated tires will cause the edges of the tire to extend above the ground, reducing the overall traction of the tire and putting you at risk of hydroplaning.

Consider Buying Fuel-Efficient Tires

Tread is an essential part of how fuel efficient your tires are, because it adds resistance.
Many years ago, when gas was cheap and cars were big and full of muscle, tire companies didn’t really pay too much attention to fuel economy. Tires were designed to be safe: deep rivets with plenty of tread. You see, tread may make your engine work harder, but it comes in handy when you have to break suddenly, or when you’re driving in rain or snow.

Now that everyone is much more concerned with gas mileage, the engineers who design tires have looked for ways to improve fuel economy without sacrificing tread. The results are technologically advanced, fuel efficient tires.

Fuel efficient tires utilize better tread designs and improved rubber compounds, which combine to lower the rolling resistance. At the same time, the amount of tread is kept at a level that is safe for your car.

Gas Mileage Savings that Start Where the Rubber Hits the Pavement

Your tires do so much for you—they help you navigate your car in hazardous weather conditions, and they make sure you stop in time. On top of all of this—if you take care of them through proper inflation—they’ll even save you money at the pump.

So the next time you’re in line at the gas station, consider buying a cheap pressure gauge. Your wallet will be happy you did!

Have Your Own Tips on How to Get Better Gas Mileage?

Share your tips in the comment section. If you have any friends that could use this information don’t forget to share this article on Facebook and Twitter.

Tips for Buying a Reliable Used Car

A person’s car is one of the most beneficial and helpful assets that an individual can own. Millions of Americans drive their vehicles several miles a day and use their cars to help transport kids to school, themselves to work, groceries home, and other needful and helpful tasks of everyday life.
But, as most already know, the family or personal car with all of its benefits can still cost a person loads of money in breakdown repairs, standard maintenance costs, and the ever present burden of the cost of fuel. And all of those expenses come after the giant expense of purchasing the car in the first place.

Facing The Initial Cost

It should not come as a surprise that this initial purchasing cost will likely make up the bulk of the expenses related to car ownership, as a new car can cost tens of thousands of dollars. It should likewise not come as a surprise that buying a used car instead of a new car will typically cost far less than if a person decided to buy a new car off the local lot.

Buying Used Can Be Tricky

But buying a used car can be a tricky situation for most people as they rarely know if they are buying a lemon that will break down on them in a matter of months and end up costing them even more money than if they had purchased a new vehicle. It is for this reason that a person must know how to buy a used car the right way so that they can be assured that they are buying a used car that will last.

Check The Title History

One of the first ways to be assured that the used car one is looking to buy will not go out on them in the near future is to request or order a title history on the vehicle. A title history will show all of the work that has been done to the vehicle as well as record any accidents that the specific car has been involved in.

Check Service Records

Closely related but not kept on the title history are the car’s service records. Service records will show how often the car had regular maintenance done, like oil changes and other needful service, and will allow a potential buyer to see if the vehicle has been properly cared for, as a car that has been properly cared for over the years is far more likely to continue running well than those cars whose owners have been negligent in the vehicle’s maintenance.

Along with saving money on their car expenses by choosing to purchase a used car over a brand new vehicle, a person can make effective use of their vehicles by taking out a title loan if the need for a micro loan ever arises, as the title loan can be borrowed against the value of the car.
Saving on car cost by purchasing a used car instead of a new car is often the right choice to make for those who are trying to save money on their overall car costs.

Common Habits that Ruin a Car’s Value

Every driver develops their own set of driving habits. Some of those driving habits are good, others are downright dangerous and other driving habits can actually lower the value of your car. Spoiler alert: dangerous driving habits will ruin the value of your car.

Good driving habits include double checking both ways before proceeding, glancing into the blind spot before switching lanes, and buckling your seat belt. Some driving habits are neither good nor bad, like wearing driving gloves. Dangerous driving habits are things like texting while driving or operating the GPS system while the car is in motion.

Each individual cultivates their own driving style and car maintenance habits. While some driving habits are fine, there are a few common habits that a majority of people fall into that can actually have a negative effect on the value of that person’s car.

Watch Your Driving Style

defensive driving

Driving habits that lower a vehicle’s value are more common than people would like to admit. Some of these value-ruining habits are actually so ingrained that it may take some personal effort to stop these bad habits. But working to get rid of these habits is worthwhile because the better care you take care of your car now, the higher value you’ll get when you go to sell it or get an auto title loan. Your style of driving is one of the first aspects of your driving you’ll want to reevaluate.

Are you an insecure driver?

You might be insecure behind the wheel if you’re new to driving, new to driving stick, driving an unfamiliar car, or were recently in a car accident. Insecure drivers are not defensive drivers, and tend to have a driving style of avoidance. Being insecure behind the wheel can actually make you more likely to get into an accident with your car, so take your car to a secluded lot and practice basic driving maneuvers to get comfortable behind the wheel again.

Are you an aggressive driver?

You might be an aggressive driver if you find yourself getting angry or stressed out whenever you’re behind the wheel. You also might be a more aggressive driver if you find yourself not stopping completely at stop signs, riding the bumpers of other cars, beeping at other vehicles around you too much, or running yellow and even red lights. Aggressive drivers are also more likely to get into accidents. The key to fixing an aggressive driving style is to work out the stress levels in your everyday life, and learn to have more patience on the road.

Be a Defensive Driver

Some people like to describe defensive driving as “driving as if everyone else on the road were drunk.” If you don’t have expectations for the drivers around you, then you’ll be more patient with other drivers, and you won’t make harmful assumptions about their actions. The American Society of Safety Professionals has lots of guidance on how to develop a healthy defensive driving style.

Keep it Clean

car wash

One of the most common bad habits concerning car care is not keeping your car clean. It can be very east to procrastinate cleaning your car, especially during the winter months. The time, effort, and expense of car washes can also keep car owners from regularly cleaning their car’s exterior as well. But keeping the inside and outside of your car clean is important in retaining the value of your vehicle. If you don’t, then your car will deteriorate faster. Before you know it your car will need more than just a new paint job to look new again. Not cleaning the inside of your car will also make you have to replace the upholstery before you can sell.

Schedule a semi regular car wash trip, and pencil in some time once a week to clean out your car, vacuum the seats and flooring, and wipe things down. It’s also a good idea to plan some time every so often to shampoo your car’s interior as well to really keep it fresh.

Easy on the Throttle

Another common mistake that car owners often make is thinking that their new car is as invincible as it is powerful. Driving a new car with aggression, top speeds, and a lead foot are some of the best ways to damage a vehicle from the inside and therefore lower the total value of the car.

Other habits that lower a car’s value are less obvious. Some additional ways to ruin a car’s value include customizing the vehicle, getting work done on the side by a free-lance repair man, failing to keep accurate records, and messing with the body of the vehicle (aka adding body kits). More than likely the car you’ve bought isn’t the car you’ll have forever. Eventually this car will run it’s course for you, and you’ll want to sell or trade it in for a fresher car. Remember to maintain your car’s resale value as you care for it and drive it.

 

If you or anyone you know is guilty of taking part in one of the above habits then you should be aware—the value of your car is ever decreasing. Ensure the value of your car by not falling victim to these common and value-reducing habits when you drive and care for your car so that you can keep you car as a high value asset.

With a higher value car, you can easily resell your vehicle for more than the listed price or gain a greater title loan from Check City. Title loans from Check City are quick, easy, and safe loans that are borrowed against the value of your car, so keeping the above harmful habits away from your driving style could not only mean an increased value of your vehicle, but an increased value in the amount you can borrow against the title of the vehicle as well.

Top 5 Cars that Thieves Love

car thief

What is it that you love about a car? What are its characteristics that make you want to own it? It might be the speed, towing strength, leg room, color, or manual transmission.

Or perhaps you prefer the safety features. Maybe you want something that’s great in the snow during the winter months, but great on gas mileage. The different qualities of a vehicle that you’re looking for varies widely based on your personal preferences. Indeed, it is this wide range of vehicle preferences that allows this many makes and models to exist in the first place.

A car thief is wearing a different set of glasses though. They look at the “car market” from a different perspective. Where the car owners could look at any one of hundreds of choices, the car thief is really only looking at about five. What this means for you is that if you own any of the vehicles we’ll be covering in this post you’ll need to take extra precautions to protect your property.

It’s well worth it to protect your property because not only can having your car stolen be devastating, there are also a lot of hassles that go along with it that most people don’t think about. For example, there are the insurance claims, there’s the loss of personal possessions within the vehicle, and getting the loan paid off if you have a traditional loan or an auto title loan on your vehicle.

In order to get a better idea of why thieves might want your car let’s take a second to get inside their heads and cover the top stolen cars and why thieves love them.

#1: Honda Accord

First up is the Honda Accord. Far and away, the Accord was the most stolen car in 2012. In fact, the National Insurance Crime Bureau did their most recent study on most stolen vehicles in 2014 and found that Honda Accords ranked first on the list, with 51,290 Honda Accords stolen in 2014 alone.

#2: Honda Civic

The second most popular stolen car is Honda again. This time, it’s the Civic, bringing in an estimate of 43,936 stolen Honda Civics in the year 2014.

So what’s up with Honda? The next closest car on the charts rates in at about half the number of the Civic alone. So while the lists goes on, Honda vehicles are still more than twice as popular to thieves than any other car on this list. Why are they the most stolen cars in America?

There are ultimately two reasons for this. The first reason is because they are old and easy to break into. The majority of the models stolen in 2012 ranged from 1990 to 2000. They were 12 plus years old and there’s hardly any security on those older models. Thieves don’t want to get caught so they look for the easiest, not the most expensive, targets.

The second reason is that thieves break the cars into pieces and sell the individual parts. Hondas are some of the most commonly owned cars in America. Since these vehicles are still puttering around in abundance (the Japanese really know how to make them last forever), there are plenty of customers out there that just need a door, or a radiator to make the car run for another 50,000 miles. Since Honda doesn’t make certain older parts anymore or the prices for parts are far too expensive to be worth it, customers look for cheaper used parts. Thieves provide those used opportunities, unbeknownst to the buyer.

That said, Honda has definitely learned from their mistakes (having been at the top of this list for a couple years now). If you look at the most commonly stolen newer vehicles, Honda doesn’t come close to the top.

#3: Full Size Ford Pickups

The third favorite car among thieves was the Ford pickup (full size). It weighed in at 28,680 stolen cars. Turns out it was a 90’s truck that thieves were targeting so often. Why were these stolen? Parts and convenience. Again, the thief is never going to make it hard on himself for fear that he might get caught. He’s also going to always target more common vehicles so the parts will sell quickly and easily.

#4 & #5: Full Size Chevrolet Pickup & Toyota Camry

Fourth is the Chevy pickup (full size) coming in at 23,196 reported missing cars, and fifth is the Toyota Camry at 14,605. The vast majority of these statistics have to do with older car models. They present such each targets that it makes sense they would be the most popular cars to steal.

How to Protect Your Car from Thieves

Fortunately, if you have one of these top 5 cars, there are steps you can take to deter thieves.

Park in a Garage

car security

Don’t leave your car on the street if you can help it. If you can’t avoid parking on the street, then park it in a well-lit and populated area, especially at night. Thieves prefer the cover of darkness to accomplish their deeds, but if you park in a well-lit or busy area then you’ll deter thief activity.

But if you do have a garage, work on cleaning it out so you can use it for its intended purpose.

Keep Your Car Empty Inside

Leave the inside of the car bare boned. Don’t leave anything within sight as that can be the main source of temptation for thieves. This is a great tip too because keeping the inside of your car empty can give you an incentive to keep your car clean as well. If you do need to leave anything in your car put it under the seat, in the trunk, or in the glove compartment so that a thief scoping for items inside cars won’t see anything in yours.

Don’t Keep Your Car Title Inside Your Car

Never leave your title to the car in the vehicle itself. It’s almost a no-brainer to do this because if someone steals your car, and your car title is inside, then not only do they have your car but they now have it’s title too. A thief can then forge your signature and sign it over to themselves. Instead keep important documents like this in a safe lock box inside your house.

Lock Car Doors

Lock the car always. Even if your car is in your own garage, you should still lock the car doors before leaving it. Even if you are in your own familiar neighborhood, lock your car. Even if you are only going into the store for a second, lock your car. You never want to make a thief’s job easier by leaving your car unlocked and extra vulnerable.

Watch Your Keys

Keep a careful eye on your car keys. Losing your keys, or leaving them out where anyone can pick them up is a great way to lose your car forever. And you never want to lose your car all because you were careless. One way to help you never lose your keys is to use Tile essentials: devices that you can attach to your keychain so that you can track them using GPS if you ever misplace your keys. Another trick to help keep track of your keys is to use a lanyard of keychain that will make your keys bigger and thus harder to lose.

Use a Wheel Lock

Since a lot of stolen cars tend to be older, it can be useful to update your car’s security system yourself. You can also take advantage of old safety measures. Ever use a wheel lock before? It’s a device that literally locks your steering wheel. It can be a great tool to use as an extra precautionary measure when your car is older and therefore easier to steal. Thieves aren’t always ready to tackle things like wheel locks in a day of alarms and auto locks.

 

In 2012, the FBI estimates that about 724,000 cars were stolen. Assuming that each vehicle retained an amount of about $5,000 each, that equates to 3.6 billion in hard earned cash (some of which was still owed to the bank) that car owners lost when their cars got stolen. That’s quite the haul. Don’t become a victim of that statistic this year and keep these car safety tips in mind.

Saving Money by Buying the Right Insurance

Americans today are always looking for ways that they can save money. Some people think that they need to make more money.

But a better way to solve financial issues is to redistribute the money that you are already making so it will cover your financial needs. There are many, many ways to save money in our modern society.

It may not necessarily be easy to save money all the time, but it is most definitely always worth it. One great way to save money is to buy the right insurance.

It is an accepted fact that we must all buy insurance. It is the only wise and smart way to live.
People who don’t buy insurance often find themselves in binds that they cannot get out of financially. The types of insurance that most people buy are life, auto, health, and homeowner’s.

The way to go about buying insurance is to shop around. Compare and contrast different insurance policies before you settle on one.

Don’t Let Yourself Get Sold

If you are a person who does not like to disappoint people, maybe you should let your spouse or a family member go shopping for insurance without you. Insurance salespeople can be very persuasive and it may be difficult for you to say no to them.

When buying insurance, you need to stand up for what you want and need and what your price range is, and not give in to a salesperson because they are persuasive. If you are easily persuaded, you will either want to be extra tough skinned when you go shopping for insurance or have someone else go for you.
People often just renew their insurance contracts each year and keep with the same company over many decades. While this is not necessarily a bad idea, it can be a bad thing when companies decide to change their rates and don’t notify you.

Always Check Rates vs. Coverage When Shopping Around

The reason why it is good to shop around for insurance policies before you renew yours is because you may find that another company can offer you a better deal for the same coverage. If you hadn’t shopped around and had just renewed your contract, you would be losing money.

This is why it is so important to continuously check up on your insurance policies and make sure that you are getting the best possible deal that you can get. Another great tip to lower the cost of your insurance is to raise your deductibles for both auto and homeowner’s insurance.

If you are willing to pay a little more per claim, you can usually reduce your annual premium by a few hundred dollars. This could save you quite a bit of money in the long run.

Of course, the tricky thing with insurance is that there is no way to know how much insurance coverage you will actually need throughout the course of your life. Life is unexpected.

Sometimes things happen, and sometimes things don’t. But you definitely want to be protected in case things do happen.

Do You Need All That Coverage?

This is why having adequate insurance coverage is so important as you go throughout your life. Another great thing you can do to save money on insurance is to decide if you really need the extensity of coverage that you currently have.

Perhaps your children have all grown up and moved out of the house. If they are getting on their own insurance with their own families, you do not need to include them on your insurance plan anymore.
Even if they are still on your plan, they may not need as much life insurance protection because they are older, wiser, and more mature. Children tend to need a lot of life insurance protection because they tend to get into more accidents.

If you do not need to pay for your children’s life insurance any longer, you will probably be able to save enough money to completely fund an emergency fund. If you do not have an emergency fund, this could be a great time to start.

Collecting any extra money here and there can be put into the emergency fund. Before you know it, you will have quite a healthy emergency fund up and running.

Sometimes people go a very long time without needing to use their insurance. They may be a family who is very careful and does not get into accidents often and does not need to use their insurance often.

While it may seem that people like this do not need insurance, it would be very unwise for these people to need buy insurance. Insurance is necessary, even if you never use it.

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