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08
Jan

A debt consolidation loan could help those who have financial regrets from 2010

A debt consolidation loan could be an option for consumers who wish to rid themselves of their financial arrears in 2011.

That is because the greatest financial regret for Brits in 2010 was not paying off their debt fast enough to avoid interest charges, reveals a new survey by first direct.

The bank found that 53 per cent of UK adults regretted not paying off their debt more quickly in 2010.

This was closely followed by not saving enough money for retirement, which was a regret for 37 per cent of the 5,000 Brits polled.

One solution out of debt problems could be to take out a debt consolidation loan as this lumps monthly repayments into an affordable sum.

In this way, consumers can clear their debt without accruing lots of extra interest on top.

Richard Brown, senior savings product manager at the first direct, commented: The New Year is the ideal time to reflect on your financial habits and change these for the better.

The earlier people start to plan their finances and look to the future, the easier they will find their long term financial position.

He added that it is wise to pay off your debt as quickly as possible so as to avoid interest rates from rising.

Another financial regret for 83 per cent of consumers was the amount of credit card and loan debt that they were in.

A further 74 per cent stated that they would like to alter their savings habits and another 60 per cent said the same about their general spending patterns.

Debt consolidation loans could also be an option for those faced with a hefty credit card bill this January.

People looking for ways to manage their debt may like to use a price comparison site, such as Money Expert, to find the best solution for their situation.

Get Fast EZ Payday Loans Online with FastEZPayday.com, a nationwide leader in quick payday loans.

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08
Jan

Despite broad support, payday lending legislation faces uncertain future

Reducing Iowans need for payday loans is an idea that draws bipartisan support both inside and outside the state legislature, but it also garners bipartisan agreement that it is highly unlikely the issue will be addressed during the upcoming legislative session.

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08
Jan

Is OLG failing problem gamblers?

Dan Robson

Staff Reporter

Jordan Kelman slips a $100 bill into a slot machine at the Woodbine Racetrack casino — just as he has “close to a hundred times” since being voluntarily banned from Ontario casinos in 2008.

The 28-year-old gambling addict pulls the silver arm three times. He’s risking borrowed money.

“I’m down 50 bucks,” he says, yanking it again. Four sevens. A bell rings.

“There,” he says. “I hit big there. We just won a lot of money.”

It’s a $650 victory. A week ago, Kelman blew $2,300 while sitting on the exact same chair, next to the exact same middle-aged man in a red sweater who appears catatonic as he tugs on the lever.

Since Kelman put his name on the OLG’s “self-exclusion” list — supposedly banning him from all 27 of the province’s gambling facilities — he says he’s lost close to $60,000 in those facilities.

“I’ve never been denied access,” he says. “Not once.”

He’s just one of 15,000 people in the province on the Ontario Lottery and Gaming Corporation’s “self-exclusion” list.

The OLG took in about $1.9 billion last year in gambling revenue. Some experts say that about 30 per cent of that revenue was generated by problem gamblers. Of that, the OLG gives $40 million to the province each year specifically to support programs for responsible gambling and to help fight gambling addiction, programs such as the self-exclusion list.

“All we can do is support their effort to help themselves,” says Paul Pellizzari, director of policy and social responsibility for the OLG.

Kelman suffers from depression and an anxiety disorder, which is not uncommon with problem gamblers. He’s been in and out of hospital for a decade and went on long-term disability from his job at a local hotel a year and a half ago.

Recently, Kelman enrolled in a day program at North York General Hospital, where he is being counselled for gambling addiction.

Still, he finds his way to the casino, gambling money given to him by his brother and parents who are trying to help him make ends meet while he deals with his problems.

The OLG says self-exclusion is a “voluntary self-help tool” which allows problem gamblers to ban themselves from all Ontario gaming sites for six months, one year, or indefinitely.

If found on the premises of an OLG site during the term of their exclusion, they can be charged with trespassing. Those who sign up are also given referrals to gambling counselling.

Participants have their photo taken and sign a release which says, in sum, that they will not sue if the OLG fails to keep them from gambling.

Currently, security guards are relied on to recognize the faces of self-excluders. Cage desk employees, who redeem chips for cash, have access to the self-exclusion database. Slot machines also detect “loyalty cards” that belong to self-excluders. (Loyalty cards are used to reward regular casino users with special points, similar to Air Miles.)

“The most significant thing about self-exclusion is that somebody takes responsibility for their own actions,” says Pellizzari. “They step forward and say, ‘I’ve got a problem, I want to do something about it’ . . . what we commit to is to support people in that commitment they make to themselves.”

But Kelman says he’s never seen that commitment.

Since joining the program, Kelman says he has never been questioned about being at an Ontario casino. That despite spending up to three days straight gambling in a casino on more than one occasion. Often he spends more than 24 hours there.

“You don’t really realize. You’re in an environment where there are no windows,” he says. “You don’t really see the day going by.”

“The OLG system essentially has no teeth,” says Robert Williams a coordinator with the Alberta Gaming Research Institute and a professor of health science at the University of Lethbridge. He claims that approximately one-third of OLG’s revenues are generated by problem gamblers, and believes it’s not actually in the OLG’s interest to enforce the list because they make a profit from “preying . . . on a vulnerable segment of the population.”

Pellizzari takes issue with the idea that it’s “in our interest to take money from problem gamblers,” noting that a broad base of players using discretionary money is their ideal business model.

Last month Kelman broke away from friends celebrating an engagement in Niagara Falls, drunk and depressed. He had given a friend his cash and debit card, knowing he might end up gambling.

At 3 a.m. he took a cab to the Fallsview Casino.

He doesn’t remember what happened there. In his pocket the next day he found three receipts for three cash advances taken off his VISA by a casino teller — nothing else remained of the $950, $1,000, and $1,000 transactions he made at 5:30 a.m., 6 a.m. and 6:30 a.m. that morning.

When he asked why the casino gave him money, despite being on the self-excluded list and very drunk, he was told there was nothing they could do.

“Denying access to people is a lot more challenging than sometimes people think,” says Pellizzari, noting that about 1,000 self-excluded people are caught trying to enter casinos each year.

Other gamblers on the self-exclusion list have launched lawsuits against the OLG, insisting it could have done more. So far all of those lawsuits have been settled out of court, with the exception of a large class-action suit that was dismissed in March.

This spring the OLG will unveil a state-of-the-art facial recognition system designed to identify self-excluded gamblers. It will cost between $3 million and $5 million to outfit all of Ontario’s gaming centres, Pellizzari says.

The OLG is also lobbying the Ontario government for a regulatory change that will allow it to take back money from gamblers who win while on the self-exclusion list.

“It’s a disincentive,” Pellizzari explains, of the policy. “We want to put a stop sign in the head of the self-excluder so that they don’t come back.”

As the province prepares to launch into online gambling, the OLG is also developing tools for online gamblers to set time and money limits to help players develop “safe play habits,” he says.

But critics, including Williams, say there are better ways to control problem gamblers.

European casinos, he says, require identification for entrance — which can be easily scanned in a database of problem gamblers. And it’s not a difficult system to implement, he argues.

You need ID “to cash a cheque, to get on a plane, to rent a video at Blockbuster,” he says.

Walking out of Woodbine with his winnings, Kelman walks up to the gift shop desk and requests a cash advance on his VISA. It takes about a minute.

“As easy as 1, 2, 3,” he says, holding $500 in his hand.

How big a problem?

A problem gambler is someone who “spends way too much time gambling, to the detriment of other activities and other relationships in their life,” according to Robert Murray, manager of the Centre for Addiction and Mental Health’s Problem Gambling Project.

It’s hard for people to understand the problem, Murray says. “How can you have a problem with Bingo? Why can’t you just walk away from that slot machine? What is it with Black Jack?”

As result, gambling addicts often feel a sense of shame.

“Although they do face a stigma, they are by no means alone,” says Murray, who notes there are 52 agencies in the province that are funded to treated problem gambling.

In Ontario alone, more than 300,000 people exhibit some signs of problem gambling, whether it’s moderate to severe, according to CAMH.

Many problem gamblers suffer from depression and anxiety disorders — and they have the highest suicide rate of any population.

“If it’s a severe gambling problem, rarely is it just a gambling problem,” Murray says.

It’s a vicious cycle, filled with ups and downs, rarely ending with a win.

More than 70 per cent of people in Ontario gamble in one form or another. And it’s easy to access — 90 per cent of people in southern Ontario live within an hour of a facility operated by the OLG.

Gambling is also a common among the provinces adolescents. Of the approximately 9,000 students in grades 7 to 12 surveyed in the Ontario Youth Gambling Report, 43 per cent reported participating in at least some form of gambling. Nearly 3 per cent of those students had a gambling problem. The results, according to CAMH, suggest there are approximately 29,000 students across the province who are problem gamblers.

“When you think about the promotion that goes on — the billboards, the radio ads, the TV ads — you can’t go far without seeing something related to gambling,” he says.

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08
Jan

Payday Power to Launch Expanded Affiliate Scheme with Webgains

PRLog (Press Release)
Jan 06, 2011 The payday loans industry is growing rapidly, both in terms of the number of applications being filed and the lenders offering finance. This has created a hugely competitive marketplace, with payday loan providers having to explore new ways to reach consumers. In an effort to increase the company’s online presence, Payday Power has joined up with leading affiliate network, Webgains.

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Affiliates within the Webgains Network will have the option to feature Payday Power in the New Year. By hosting adverts on their site, Webmasters can enjoy lucrative commission for each customer sent through to the merchant. Whilst this is a simple premise, it can have a significant impact on the traffic and conversions a website receives.

Payday Power will no doubt be hoping for a significant uptake when the campaign is launched. With a large network of affiliates channelling visitors to the site, there is potential for significant growth in 2011. Whilst the affiliate site owners will be financially rewarded, the same day loan provider will be confident that the extra business generated will outweigh the added expense.

Simon, the Managing Director of Payday Power, said of the tie-in with Webgains: “We’ve had an affiliate programme for some time now, but felt it was time to expand this further. Webgains offer a massive network of affiliate websites and so it was an easy decision to add Payday Power to their merchants list.”

“This offers a fantastic opportunity for us to increase the company’s online exposure and attract even more visitors to the site. Payday Power is growing both as a business and as a recognisable brand within the payday loan industry; therefore it is vital that we continue to explore new ways to assist this development. By including the site within the Webgains affiliate network, we are confident that we can take a huge stride towards exceeding performance targets in 2011.”

Affiliates looking for to learn more about Payday Power, or to sign up should visit Payday Power’s Affiliate Programme directly.

About Payday Power:

Founded in 2008, Payday Power is a leading broker of online payday loans. Part of the Reset Finance group, they enjoy the backing of a number of major lenders to help get the best deal for customers. Payday Power offer payday loans of up to £1,000 at a typical APR of 1,737% – equating to around £25 per £100 borrowed or 25% of the total amount – and are committed to responsible lending.

For more information please visit http://www.paydaypower.co.uk
Get Fast EZ Payday Loans Online with FastEZPayday.com, a nationwide leader in quick payday loans.

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07
Jan

Things to Consider Before Debt Consolidation

Debt consolidation can be a great thing – all your debts organized into one easy payment. Not only is holding consolidated debt easier to conceptualize, but you also frequently get a much lower interest rate as well. However, before you consolidate debt, consider the following:

1.  Do You Have a Plan? Most people get into a situation with high levels of debt (especially credit card debt) because they have poor spending habits – not because of job loss, unexpected housing payment increase, or sudden new expense. If you do not have a plan that you will stick to, the odds are 3 out of 4 that you will find yourself in a worse situation after debt consolidation if you continue to spend freely.

2.  How Will You Consolidate? With all the advertisements on the television and Internet, it may seem like debt consolidation is just one phone call or click away, but the truth is that any type of debt consolidation requires that you take a new loan or credit first. The companies that advertise consolidating debt as easy may make it easy for you, but they will charge you for the privilege – in many cases charging as much as 20 percent interest (or higher) plus a monthly fee of 15 percent or more of your payment amount. Alternatively, you could get a home equity loan or do a cash-out refinancing, but you will place your home at risk if you cannot pay. In any case, the moral is buyer beware!

3.  Is a Balance Transfer a Good Idea? Balance transfers can be good alternatives to debt consolidation provided that your debt is mostly credit card debt, you have a low interest rate credit card, or you can pay off your debt within the low introductory rate period, and you have the available credit to consolidate your debt on one card. If you do not fit all of these criteria, don’t even consider a balance transfer. It could end up costing you several times more in the end if you do not pay the balance off before your interest rate increases.

4.  Have You Tried Anything? The problem with debt consolidation is that it wraps your debt up in a tidy package – a package so tidy that it is easy to neglect to try something else. However, keep in mind that all forms of debt consolidation have some type of fee involved (eg balance transfer fee, loan origination fee, closing costs) and some risk (eg not paying off the home equity loan and losing your house). In many cases, it is better to simply put your head down and focus on paying off your debt within a timeframe (eg one year).

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07
Jan

Pay Day Loans: 100 Day Loan Opportunity Revealed

Just imagine if you can get a payday loan for the cash you need and repay it in 100 days. Wouldnt that be just the best deal ever!

Most people who live from paycheck to paycheck will have days when they need a little extra cash for emergencies. Hence, the popularity of payday loan companies. But wouldnt getting a payday loan just add up to your financial woes?  Most payday loans need to be paid back on your next payday, usually just 14 or 15 days after getting the loan. Can you repay the loan (plus interest) and still be able to afford your monthly rent and other expenses come your next payday? Chances are, you probably cant.

100 Day Loan Lowest Interest Long Repayment Apply now.

Wouldnt it be great if you can apply for a personal loan for the cash you need and have a little more time to pay back that loan without the additional extension charges? That would really help you a lot, wouldnt it? Well, if you go to the right company, youll be able to enjoy just that.

And this is where www.100daysloans can come in. Most payday loans are short-term funds which could definitely further strain your finances. Payday loans are supposed to make your life easier. Well, they do – until your lender comes breathing down your neck asking for the money after just a couple of weeks. Well, with 100 Days Loan, you wont have to repay the loan after 2 weeks.

100 day loans is so convenient since it offers an online application. It is the first payday loan company to offer a more flexible payment option – 100 days. No need to worry about getting the money to pay for the loan in 2 weeks. Now you are being given a 100-day option. It is easier since you are given the chance to save up for the payment.

Aside from giving you the option of a longer payment period, 100daysloan has a quick and easy application process. Just do one quick visit to their website, key in your personal and financial information, the amount you need, and apply. What is even more convenient is that once approved, your funds will be deposited into your bank account in just an hour. You also need not worry about giving out some pertinent information, especially your bank account number, since100daysloans guarantees confidentiality and security through the use of an encryption technology.

100daysloans has more than 100 lenders available, that is why 4 out of 5 people can get payday loan approvals, which is an incredibly high approval rate compared to what other sites offer.

100 Day Loan Lowest Interest Long Repayment Apply now http://instantpaydayloanonline.info

Fast EZ Payday Loans specializes in fast cash online services for payday loans when you need a quick payday loan.

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07
Jan

6 facts about credit card APR

APR. That three-letter acronym looks so simple, but in the world of credit cards, it isnt.

The basic definition of an APR: Its an annual percentage rate of interest a credit card holder will be charged on all or a portion of the balance if the full amount isnt paid on or before the due date.

Beyond that, greater complexities lie.

Heres a summary of what you need to know:

One credit card, multiple APRsMost credit cards involve several different APRs. For instance, an introductory rate might apply as a special offer on a brand-new card while a promotional rate might apply to a balance that was transferred from one credit card to another, says Rich Bialek, a credit card industry expert and CEO of Bialek Group, a consultancy for financial services companies in Wheaton, Ill.

Different APRs also may apply to different types of transactions. For example, a cash advance typically would involve a higher APR than a retail purchase because the card company doesnt earn a merchant fee on a cash advance, and an advance is viewed as a riskier transaction, Bialek says.

Lower credit score, higher APRThe primary APR on most credit card transactions is based largely on the credit card holders credit score, which includes the payment history on that particular card as well as other forms of credit. A lower credit score almost always means a higher APR.APR includes interest, not feesThe APR is only one component of the cost of a credit card because cards typically entail various other fees as well. The card issuer doesnt know in advance which or how many fees the cardholder will incur, so its impossible for that cost to be included in the APR. (Some APRs include the annual fee, if there is one.)

Consider the balance transfer fee, which results in a higher cost of credit than the APR stated on the balance transfer offer. A transfer APR of 2.9 percent might look attractive, but add on an upfront fee of, say, 3 percent, and that 2.9 percent isnt as low as it seems.

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07
Jan

Mistreated Student, Notarized Will, Medical Bills, Payday Loan

MyFoxHouston – In depth — your legal questions answered. FOX 26 legal analyst Chris Tritico is here to answer your questions. In todays segment, he addresses several questions: how to deal with a teachers poor choices, whether or not a will notarized at a bank is legal, how medical bills can affect credit, and paying back a payday loan.

Ask Your Questions and View Previous Segments by Clicking Here

Disclaimer: Fox26Law is intended for general information purposes only and is not and not to be considered legal advice. Fox26Law is not intended to interfere with or replace an existing attorney client relationship. You are encouraged to seek the assistance of the lawyer of your choice for private consultation on specific legal issues.

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07
Jan

Debt Consolidation Loans For Wells Fargo (NYSE:WFC)

Wells Fargo (NYSE:WFC), the US bank, is ready to offer debt consolidation loans in line with other banks. It is to help their customers deal with their debt, including student loans, car loans, and credit card debt. The customers will be able to get a debt consolidation loan even if they have no homes.

The customers can also use vehicles for bill consolidation. The bank wants to lower the customer’s interest rate and monthly payment.

Wells Fargo (NYSE:WFC)’s marketing asks in a statement, “But what if there’s no home equity to leverage because you rent? You may still have options”.

Wells Fargo (NYSE:WFC) company shares are currently standing at 31.58.

If youre contemplating investing in Wells Fargo (NYSE:WFC) shares, be sure you make the trade at the right price. Timing the market or technical analysis might often a fruitless exercise, but do make sure you take into account the price history:



Fast EZ Payday Loans provides you with the best selection of loans and payday loans online. Find personal loans for your home, car, business, or persona

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07
Jan

Webcast Alert: EZCORP Fiscal 2011 First Quarter Earnings Release

(Logo: http://photos.prnewswire.com/prnh/20090713/EZCORPLOGO)

If you are unable to participate during the live webcast, the call will be archived on the Web site www.ezcorp.com.

EZCORP is a leading pawn store operator and provider of specialty consumer financial services. It provides collateralized non-recourse loans, commonly known as pawn loans, and a variety of short-term consumer loans, including payday loans, installment loans and auto title loans, or fee-based credit services to customers seeking loans. At its pawn stores, the company also sells merchandise, primarily collateral forfeited from its pawn lending operations.

EZCORP operates more than 1,000 stores, including over 500 pawn stores in the US and Mexico and over 500 short-term consumer loan stores in the US and Canada. The company also has significant investments in Albemarle amp; Bond Holdings PLC (ABM.L), one of the UKs largest pawnbroking businesses with over 120 stores, and Cash Converters International Limited (CCV.L and CCV.AUS), which franchises and operates a worldwide network of over 500 stores that provide financial services and sell pre-owned merchandise.

SOURCE EZCORP, Inc.

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