Results tagged “payday loan” from Payday Loan Quotes Blog

We just saw these statistics online and wanted to share them with our readers:

• 40% of Americans say they live beyond their means.
• 50% of Americans live paycheck to paycheck.
• Only 32% of American parents talk to their children regularly about personal finance.
• Only 21% of graduating high school students participate in financial literacy courses.
• In 2008, students surveyed by the Jumpstart Coalition scored lower on basic financial literacy test than their predecessors in 2006.
• 20% of employees are unable to carry out normal work activities three days per week due to financial concerns.
• 43% of adults at the lowest level of financial literacy live in poverty, compared to 4% of those at the highest level of financial literacy.

Sources:
Federal Reserve: http://www.federalreserve.gov
JumpStart Coalition: http://www.jumpstartcoalition.org
National Endowment for Financial Education: http://www.nefe.org

Payday Loan sites are popping up all over the internet. Some are secure but many are not. In order to get a loan, you must submit important personal information such as your social security number and banking information. Therefore, you should be extra careful to use a site that is secure and encrypted.

How do I know if a payday loan site is secure?

Here's one easy way:

Look at the website URL once you are ready to fill out the form. Does the beginning have "http:" or "https:"? It is NOT secure if it is only "http:". You must have the "s" for security!

Here are some examples of secure payday loan sites:

https://www.paydayusa.org
https://www.christianfaithfinancial.com
https://www.prescottfinancial.com
https://www.additionalearning.com

Whether or not you get accepted for a payday loan could be determined because of your credit score. To find out your credit scores, contact all three credit bureaus - Experian, TransUnion, and Equifax. While the scores likely won't be the same number, they should be close.

Note: There could be a fee for getting your credit scores.

Contact Information:

My FICO (Fair Isaacs): http://www.myfico.com
Equifax www.equifax.com 800-685-1111
Experian www.experian.com 888-397-3742
TransUnion www.Transunion.com 800-888-4213
Centralized service to obtain credit reports from all three credit bureaus:
https://www.annualcreditreport.com

Annual Credit Report Request Service
P.O. Box 105281
Atlanta, GA 30348-5281
www.annualcreditreport.com
877- FACT ACT
877-322-8228

To get a FICO credit score, you must have a credit account that reports to at least one of the three credit bureaus, and you must keep that account open for at least 6 months.
Note: As of September 2007, Fair Isaacs Corporation is changing their credit scoring software at each of the three credit bureaus. Authorized credit card account holders will no longer have a credit score. An authorized user is someone, usually a family member, who is allowed to use the account but who is not held financially responsible for payment. Permitting an authorized account has been a way for young people to establish credit. This change in credit scoring is to protect lenders from abuse in the marketplace of authorized user credit card accounts by so-called credit repair services that sell good credit card histories to those with poor histories, a strategy called "piggybacking."

Did you know? Your FICO score may be different at each of the three credit bureaus, because credit card companies may report to each one at a different time of the month and not all credit card companies report to all three bureaus.