Do you need a personal loan? Could a payday loan help you about right now? If you are having any type of financial struggle or have things you would like to purchase, chances are this could be a responsible way out. Look over the following signs and see how many apply to your life right now. If even one applies, then you could be an ideal candidate for a personal loan.

1. You are struggling to pay your rent or make your mortgage payments, and worry about losing your home.

If the struggle to make your rent or mortgage is just starting, then you may be perfectly suited to a personal loan. You can take out your next payment, or perhaps enough to make up payments you have missed in the past. For some people, this actually makes the difference between losing their home and keeping their home safe.

If you need a substantial amount of cash to keep your home from going into foreclosure or stop an eviction, you may need a personal loan with an extended due date for repayment. A standard payday loan will require you to repay the money on your next paycheck, or another date in the short term.

2. You are worried about losing one or more utility services in your home.

This is one of the most common reasons people go in for payday loans. Utility bills are easy to get behind on, but the consequences to being unable to pay are tragic. You do not want your children living without electricity and it is not sanitary to live without water. Before it gets cut off, you can use a personal loan to pay what is required to keep it on.

3. Your children have unexpected expenses for school or extracurricular activities.

Children always bring expenses that you were not prepared to handle, and you do not always have a lot of time to pay up. If you do not want to cost your child that earned spot on the cheerleading squad or want to make sure they are able to go on that school trip with their peers, a fast payday loan could be the way to make it happen for them.

4. There is a big sale on something you have always wanted to buy, but you will not have the money before the sale ends.

As long as you only take the amount of money needed to make this purchase, this could be the perfect way to make use of a payday loan. You get the money you need before the sale ends, and are able to repay the loan as soon as you get paid again.

5. You want to help out a loved one, but need the money before your next payday.

This is another classic way to use a personal loan responsibly. Just as you would take out a payday loan to help yourself in a tight situation, you can choose to do so in order to help someone you care about. If they can pay you back in time for the loan to come due, then it all can work out in the end.

America is finally recognizing the challenge many face with education debt. With challenge comes opportunity, and there have been dozens of new services appearing that purport to help borrowers with their student loans.
Many of these are great resources, but just like anything else, there are a few bad apples with offerings closer to scams than services. So it’s important to be able to tell the difference and know where borrowers can go for help with their education debt. Here are three warning signs to look out for when evaluating student loan services.
1. Promising loan forgiveness and extremely low payments: While there are many lower payment and forgiveness options available, especially for federal student loans, they are all strictly regulated and you have to be eligible to benefit from them. Simply put, there’s not a person on the planet that can get you a better option than you can get for yourself by working directly with your loan holder.
Also, beware of companies that want to change the contact information on your account to their own. Even if you choose to have someone help you manage your loans, you should always ensure you are fully aware of the status of your student loan accounts.
2. Claims to be able to get you out of default for a fee: Other than paying the loan in full, you can get your federal loans out of default in two ways: rehabilitation or consolidation. You have to make some payments to be eligible for either, but the loan holder is required by federal regulation to work with you to ensure those payments are affordable. And while a defaulted loan incurs collection costs no matter what – at an amount that is, again, federally regulated – there’s never a fee for taking advantage of either of these options.
To be clear, the Student Loan Ranger isn’t saying that all companies that charge a fee for help with student loans are a scam. But just like any other service you would pay for, such as getting help filing your taxes, that fee should be a reasonable amount and the terms of the service and expected outcome should be clear to the consumer from the outset of the relationship.
3. The logo and name look similar to a well-known student loan provider or the federal government: A troubling number of companies are popping up with logos very similar to the U.S. Department of Education’s tree logo, as well as others with names one or two letters off from well-known student loan servicers. If a company has to fool its customers into thinking they’re someone else to get them to buy their product, it might be time to evaluate the quality of that product.
If you’re still not sure, search the Web and the Better Business Bureau for consumer reviews based on the company’s website.
The first place you should go if you need help with your student loans is your loan holder. Not only will they be well versed in the rules, regulations and benefits associated with the type of loans you have, but they will also have access to your actual loan details and can therefore give you more targeted advice.
Your loan holder or servicer will never charge you for a consultation and your federal loan holder and most private loan holders will also never charge you to apply for lower payment, deferment, consolidation or other options. Just remember those collection costs on defaulted loans that were mentioned earlier.
If you want a second opinion or have had a bad experience with your loan servicer, try self-service. The U.S. Department of Education is a great informational resource for your Education loan.
There are also a number of nonprofit organizations with years of expertise in the loan programs that have developed easy-to-use and understand sites and tools. These services also have counselors available by phone and chat to answer any questions you might have along the way, and many of them are free or charge only minimal fees.
Source: https://www.evernote.com/shard/s647/sh/90284af8-727a-422b-ae2b-d3583e319fd2/a6656ff40322a4300906cdf888e6808a