Where to Find That Emergency Cash Loan: Sources For Cash Advance Today Include Pawnbrokers and Credit Unions

Searching for an emergency cash loan need not be a daunting prospect as a range of options are available for those that need that cash loan now.

Of course there is a down side to this type of loan. As banks and building societies continue to offer highly competitive interest rates to their customers, other non-traditional sources of lending attract much higher rates of interest.

Despite the higher APR on this type of easy cash loan, there are some advantages. In particular many of the loans are very short term, some can be repaid, for example, within a week, which means interest is kept to a minimum.

Small Cash Loan

An Internet search is the best way to check out the various ways of getting a small cash loan. If the money is only needed for a month or less a payday loan is worth investigating.

Payday Loans

Payday cash advances are designed to bridge the gap until the next salary goes into the bank and more often than not there is no control on what the money can be used for. Lenders will ask for identification, which should include several wage slips, bank account details and a debit card. The debit card is essential to ensure repayments are made and most companies will not sanction the transaction without one.

Emergency cash Loan

Pawnbrokers have moved beyond their traditional pledging goods for cash. They now offer a range of financial services particularly geared towards those that need an emergency cash loan. Alongside the payday loans some pawnbrokers will offer logbook loans. Entering into such an agreement means the borrower’s car is used as security. Although the car is left with the borrower, the logbook is kept by the pawnbroker, which means the car can be sold if the debt is not repaid.

Credit Union

By far the best option, if available, for that emergency cash loan is a credit union, a financial cooperative run and financed by its members. Each credit union has a “common bond” which dictates who can join it. For example it might be colleagues at work, people living in the same neighbourhood or those attending the same church.

In the UK all lenders, including payday lenders, pawnbrokers and credit unions, must be licensed by the Office of Fair Trading and comply with the Consumer Credit Act 1974.

Get Solar Power Tax Credits

BEING ENVIRONMENTALLY RESPONSIBLE JUST BECAME VERY PROFITABLE

Lets Assume the homeowner adds the option of a $4,300.00 solar hot water system to a new home.

A conventional hot water tank would cost between $300.00 or $600.00 per installation for new construction.

This means that a minimum of $4,000.00 is the upgrade option for solar water heating systems with an 80-gallon solar tank with an electric element for cloudy days.

The federal tax rebate or credit off taxes owed is 30% of the $4,300.00 solar option or $1,290.00. Assume a 3% down payment of $120.00 and interest rate of 6% over a thirty-year period.

The spreadsheet below in the 35% income tax bracket for the itemized deduction, the utility savings are based on current natural gas prices for 4 people, or electricity or LP gas for 3 people with a 2% increase per year. Below is the first five-year spreadsheet of a thirty year mortgage.First Year Cash Flow

$1,290 Federal Tax Rebate

+ 385 Utility Savings

+ 80 Tax Deduction on loan

– 120 Down payment on Loan

– 279 Yearly Loan Payment

$1,354 Net Profit

+ 450

GRU Rebate – NOTE: The $450.00 rebate is available to builders

=$1,704 Net Profit

BEING ENVIRONMENTALLY RESPONSIBLE JUST BECAME VERY PROFITABLE

GRU CUSTOMERS GET $350 TO $450 IN GRANTS PER SOLAR SYSTEM

Keep in mind that the first year cash flow of $1,356.00 to someone in the 35% tax bracket is worth $2,078.00 in earned income.

This may be a bit confusing but for someone that does not have this $1,356.00 savings would have to earn $ 2,078.00 and pay Uncle Sam $722.00 in taxes to have $1,356.00 in disposable income.

The home equity value to a solar hot water system as of 2005 typically increases the resale value of the home by $4,000.00. All ECS Solar Energy Systems components are 100% warranted for a period of five years.