Debt Consolidation – Watch out for Payday LoansWritten by Charles Essmeier
Most any large city has a number of small shops offering payday loans. They’re often found in strip centers; sometimes they double as pawn shops. They have a simple business – they lend you money until your next paycheck. The system is pretty convenient; you write them a postdated check for amount you’re borrowing plus interest. On your next payday, they cash check and your loan is paid off. What many people who use payday loan services fail to realize is that interest rates charged by these firms are substantial, often reaching equivalent of four hundred percent per year!
The interest rates charged by payday loan stores varies from state to state, but a rate of 15-17% for two weeks is not unusual. This translates to 390-440% per year, which is a staggering amount of interest to pay on a loan. The lenders say that these amounts are fair, and are necessary to cover overhead associated with running a business and to account for a substantial number of borrowers who fail to repay loans. That may be true, but that high of an interest rate can turn “convenience” of a payday loan
| | Hot Penny Stock ........ day trading hot penny stock pick sWritten by Mark Alexander
Trading penny stocks can be very profitable but you have to be careful. The stock market doesn't care if you are experienced or a newbie stocktrader. The rules and trading opportunities are same for every one at any time, so either youre going to make money when you make a trade or you are going to lose some of it in favor of more seasoned stock traders. As a penny stock trader your homework is all about studying and testing different online trading strategies that can help you pick and take advantage of hot penny stocks and at same time protect your gains. Just always keep in mind that a good penny stock trading system is simple and practical. Complicated stock trading systems will always make you slow in your decision making process or confuse you from start. There are some very good small cap and penny stock trading information websites where you can access practical online trading strategies that are easy to implement. One of those sites is Profit From Penny Stocks http://www.profitfrompennystocks.com
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