29Jan2018

Places to Put On Your Travel Bucket List for 2018!

January 29, 2018

Now that we are firmly into the new year, where are you planning on going to escape? Everyone needs a holiday, and if you are like a large percentage of Australians, you like to travel overseas.

Whatever it is you enjoy—relaxing, adventure, hot or cold climates—there is something on this list for everyone. Save up your payday and loan your pets to a friend while you explore some of the most exotic and interesting places our world has to offer.

Australia is in the perfect spot, situated in close proximity to South East Asia, a great, and affordable getaway option. Learn more about funding spontaneous travel here.

The adventure seekers often frequent our northern neighbour, Indonesia, to experience the best waves in the southern hemisphere, as well as a myriad of active volcanoes. But maybe you are thinking of travelling a little further. Is Iceland on your list? It should be, and you are about to find out why.

Iceland

You have no doubt seen, or at the very least, heard about the Northern Lights—those optical illusions of green streaking through the Icelandic sky. It is a photographer’s heaven. Snow-capped mountains and glaciers pour into the surrounding ocean.

And if snow isn’t your idea of fun, try visiting Iceland in the summer time. It will still be colder than Australia. (If it is unseasonably cold, someone can loan you a jacket until payday if you are desperate!) Plenty of waterfalls, lush green valleys and hills court the darkest of volcanic sands.

The landscape in Iceland is like no other! But the landscape isn’t the only source of richness, with the culture of downtown Reykjavik being equally moving.

Cuba

Cuba wasn’t always a travel option due to the embargo with the United States of America making getting there quite difficult, and virtually impossible for Americans.

But since the embargo was lifted, travellers far and wide have been filtering through the customs gates to experience the colourful heritage of the country and its capital, Havana.

Australians will still find it rather expensive to get to, but rest assured, it is well worth it. You will be feeling a million dollars in Old Havana where things really come to life.

Find a rental dealership that loans vintage cars to Australian tourists, all for a fraction of your payday income! Enjoy the salsa dancing, mojitos and more!

India

More and more airline services are providing flights from Australia to India, particularly Scoot. The once British subcontinent is swarming with different cultural experiences, different religious beliefs, and perhaps most importantly, different food groups.

India is the queen of curry, and the tastes and flavours differ from state to state, and even from city to city. Being a third world country, India is relatively cheap to travel. Food, accommodation and bus and train travel, depending on how long you travel for and how you spend your money, could more often than not be covered by a couple of paydays.

Or you can loan the position of tour organiser to a professional who seeks the best deals! See if you can find a tour that includes flights to and from Australia. Find out more here.

Antarctica

Okay, this one is for those brave souls that really don’t mind the cold. When you think of Antarctica, you probably think of polar bears and desolate snow, as well as the payday loans you would need to get there.

But, for Australians, or anyone, it really isn’t that hard to get to. From the deep south of Argentina in South America, there are cruise ships that take you to the South Pole in style. Watch the frigid waters become ice from the window of your cabin.

Most service providers, such as the Antarctica Expedition Cruise, offer all-inclusive packages. Everything is paid for which alleviates a lot of travel stress! Be sure to pack plenty of cold weather gear.

Places to Put On Your Travel Bucket List for 2018!

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No matter where you plan on going this year, be sure to fully immerse yourself in your host country. Explore new people, explore new cultures and new customs. Most importantly, remember to always treat the citizens of the country you are visiting with respect.

Find out some more great travel destinations worth putting on your bucket list for 2018 here.

*Learn more about payday loans here: When You Shouldn’t Apply for Same Day Payday Loans

16Nov2017

Businessman pressing a Payday Loan concept button. Instagram Styling Applied.

What Are Payday Loans? Your Guide to Understanding Payday Loans

November 16, 2017

CignoBlog

payday loan Payday Loans 19

Looking for a way to get instant cash before your next paycheck?

It happens to the best of us. Sometimes the time between paychecks is just too great, and you need money to cover those bills or to pay for an emergency situation.

Payday loans or advances can be your solution to such times of financial troubles. These loans can be taken out before your official next payday so that you can have immediate cash.

Do you need money, but need it before your next paycheck? Here’s how payday loans can be your potential solution to financial troubles.

Read on to learn more about how a payday loan can help you out before your next pay cycle.

1. Payday Loans are Short Term

Payday loans are offered to borrowers for a limited amount of time, unlike other loans that last months and years.

After approval, borrowers will receive their requested loan amount as cash, a direct deposit, a check, or debit card preloaded with the loan amount.

Borrowers will then have to pay the loan off by the date of their next paycheck or when an approved source of income arrives via a pension or social security check. You will usually have to pay off your loan within two to four weeks of receiving the cash.

People approved for a payday loan will usually have to pay the amount back in a single payment rather than in increments like other loans.

There are some exceptions to the short-term nature of payday advances. Some lenders are allowed to renew or rollover loans, extending due dates of payoffs through a second paycheck. In these cases, borrowers will just have to pay the initial interest fees until the extended deadline.

2. You Can Get Payday Loans No Matter Your Occupation

Nearly everyone is eligible for a payday advance, which makes them such a great solution for those times when money is especially tight. You can apply to receive an advance no matter what your occupation is or how much you receive for each paycheck.

Retired individuals and those receiving pensions or social security are also eligible to apply for paycheck advances.

Service members are at an advantage when it comes to payday advances. Under the Military Lending Act, service men and women can’t be charged more than 36% interest on any kind of consumer loan.

3. You Can Obtain an Advance Online

There are many ways to get a payday advance. Your easiest option is online. Online lenders like Cigno will offer easy applications that don’t ask for much more than your bank account number.

Online loans can also be deposited in your bank account within a few hours, depending on the lender. At Cigno, you can receive funds in your account by this afternoon.

4. You Will Have to Pay Fees On Your Loan

Payday loans are still loans, meaning that you’ll have to pay fees on the amount you’ve borrowed. Generally, states set a maximum fee of $10-30 per $100 borrowed for payday advances. These fees will be built into the payoff amount.

Make sure you understand what fees you’ll have to pay for an advance once you apply. Costs will vary depending on the lender and your state of residence.

5. Payday Advances Are Typically Smaller

Because they are short-term with high fee structure, payday advances range from $100-$1,000, depending on the state. Loans of this nature are typically easier for borrowers to pay off, especially given the amount of standard paychecks.

When your next paycheck arrives, you’ll have to pay off the amount you’ve borrowed in addition to any fees.

6. Applications for Loans Are Straightforward

The good news about payday advances is that fact that applications are relatively easy. You do not have to provide a lot of information and most applicants are approved immediately.

If you are borrowing from an online lender, you’ll be able to submit your application online, receive the loan contract digitally, and have cash in your bank account in a very short amount of time.

Make sure you have bank account information handy in the form of a recent bank statement.

7. There Are Still Payoff Terms

Just like any loan, a payday advance will have payoff terms. This means that you will be given notice of repayment terms when you apply for the loan and once it is approved.

Repayment terms will vary from state to state and case to case. All borrowers will usually have to pay off payday loans by the date of their next paycheck. There are penalties if this does not happen.

It’s important to ask for a clear explanation of your loan’s payoff terms when you receive it to avoid penalties and extra fees.

8. Not All States Offer Payday Advances

Some states do prohibit or severely restrict payday loans for a variety of reasons. Lenders may not be able to offer interest rates and loan amounts in certain states due to state laws.

If you aren’t sure if your state offers payday advances, you can contact the attorney general of your state or give us a call at Cigno Loans.

What Are Payday Loans? Your Guide to Understanding Payday Loans

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Understanding Payday Loans

Even if you receive paychecks from your employer bimonthly, life happens. If you find yourself in a situation where you need cash to cover bills or other unexpected costs, you can apply for a payday loan.

Payday advances are short-term loans meant to be paid off on the day of your next paycheck. You can obtain these easily online via Cigno Loans, for example, in as little as a few hours. You’ll still have to pay interest on your loan, and loan amounts typically are no greater than $1,000.

At the end of the day, the most important thing to understand with payday loans are the terms your lender offers. Be clear on interest rates and payoff dates, and be sure to ask questions if anything isn’t clear.

At Cigno, we are your source for fast cash no matter what situation you find yourself in. We provide short-term and same day loans, payday advances, and loans for borrowers with no or poor credit. Our application process is easy and painless, and we have a very high approval rate for all borrowers.

Reach out to us today to get the cash you need in your bank deposit as soon as this afternoon!

24Sep2017

four female entrepreneurs in conversation

Financially secure Female Entrepreneurs

September 24, 2017

CignoBlog

successful female entrepreneurs Payday Loans

There are many exciting successful entrepreneurs young women can look up to these days. If you want a better financial future you should study what has worked for them in the past, try to adapt it to your life. Bianca Harge-Hazelman says Jo Burston’s tips for women on money are easy to understand but you will need courage to follow in her footsteps.

Burston believes that cash is king and having some emergency savings is important, even if it starts by throwing your loose chain in a money jar.

Financially secure Female Entrepreneurs

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If you are struggling financially and you need more money, Jade Collins from femeconomy.com suggest you start by doing a financial audit, investing in upgrading your own skill and finally asking for that raise you know you deserve.

Pay your financial commitments on time, keep your debt levels low, and only apply for the credit you need.

For more tips on getting savvy with your money read: financy.com.au

Try our Loan calculator to decide whether or not the Cigno service is right for you.

To apply, simply complete our quick and easy online application and send us a bank statement. If you prefer give us a call on 1300 88 23 24 and one of our friendly staff will be happy to help.

All applications are considered and we do our very best to find a suitable solution to your needs. https://staging8.cignoloans.com.au/how-it-works/

Read original source article here: whimn.com.au

7Mar2017

The Complete Guide to Avoiding Payday Loan Scams

Have you ever pinched pennies until your next check? Is your paycheck spent before you even get it?

Listen, you aren’t the only one. Plenty of people have scrambled for dough and ate packaged noodles to get by until their bank account goes back to the positive.

It’s tough when money is tight and your credit is less than par – getting a regular loan takes time and good credit.

You may have been tempted to use a payday loan service. Payday loan services are perfect for people who need instant cash without dealing with a credit check.

They entice you with their shiny, brightly lit storefronts and promises for money regardless of your poor experience with other lenders.

Don’t be fooled – some of these services are known as payday loan scams. And they can potentially harm you if used.

If you’re in need of a paycheck advance, take a look at this guide to ensure you’re avoiding these scams:

Is the payday loan service legit?

You know a sketchy website when you see one – pop-ups that make you fear for your computer’s life, constant begging for money throughout the page, and an overall bad vibe.

This works exactly the same for loan companies.

When it comes to payday loans, always go with your gut instinct and make sure they’re a legit operation.

You can do this by making sure they have a license.

Any legitimate lender will have a license or certification – period. These licenses prove they’re regulated by the government and therefore have to follow rules.

A license also ensures that you’re protected – and when you’re playing with money, it’s best to be protected in case something goes awry.

If a lender doesn’t have a license, well, we can pretty much assume they don’t like playing by the rules.

That’s a huge problem; payday loan scams won’t have certification.

Don’t pay the payer

You’re in a pinch and need money.

You’re breaking your piggy banks to get any change you can get your hands on.

The last thing you need is another payout.

Watch out for these sneaky tactics payday loan scams use to get money from you:

Asking for money upfront

Believe it or not, some payday loan scams will ask you for a percentage up front in order to secure your cash.

People actually pay the service to give them money.

Don’t be one of those people. A legitimate lender will not ask you for any money up front.

Hiding fees in the fine print

Ah, yes, the fine print.

This isn’t an Apple privacy policy you’re signing – you actually have to read it.

Make sure you fully understand what you will be expected to pay back and at what percentage. Don’t let the thought of having money quick cloud your judgment when you read the contract.

Dependent on where you’re located, government laws prevent borrowers from having to pay over a set amount on the amount they’re borrowing – this prevents you from being tricked by predatory loan services. Make sure you’re aware of this number before you borrow.

Always keep in mind that the right lender isn’t going to fool you with trickery.

Do some stalking

Stalking your ex-boyfriend is frowned upon.

Stalking your payday loan service to make sure they are not one of the many payday loan scams is not.

You want to make sure no one else has been scammed previously. Chances are, if someone has been burnt by the service, you’ll read about it.

Do all the digging you can on the lender before signing your name on the dotted line. You’ll be able to find the payday loan scams with minimal research.

Here are a couple ways to find the dirt:

BBB

The Better Business Bureau is a tried and true test to check for payday loan scams. If someone has been scammed before, the company’s reviews will light up with complaints from those scorned.

Take a quick search through their reviews page to see if any complaints have been filed.

The BBB gives you a rundown of their rating system so you know what to look out for. The website will also provide you with reviews from previous users who have been scammed.

Google

Google can also be your best friend in this situation. Type in the company’s name or phone number and if it’s a payday loan scam, you’ll see within the first several search results.

Seriously, people who have been wronged by payday loan scams will spread the news like wildfire.

If it is a legitimate loan specialist, there will be more good than bad results.

Can you call them collect?

Have you ever needed to get in contact with someone and realized you didn’t have their number?

If it was 1988 you probably checked the phone book, and if it was recent you probably just found their Facebook page.

The same policy applies for payday loan specialists. You should be able to find them and contact them.

No legitimate company works without a website in this day of technology. Scour it for the contact page.

Can’t find one? You can bet it’s a payday loan scam.

What if you had an issue, or question to ask? If someone isn’t readily available online, via phone or in person – your best bet is to walk away.

Think it over: Avoid a payday loan scam

If you’re in a pinch, and payday seems like light years away, you’re probably searching like crazy for a way to make ends meet. Searching the internet for payday loan servicers may seem like a great idea.

But don’t lose your common sense over the idea of extra money until payday.

Think of all the important information you will be providing the lender: your social security number, your address, and your bank account information.

If you’re not careful, you’ll be serving that information on a silver platter – right into the wrong hands.

Instead of taking the risk of running into one of the payday loan scams, take a look at some other loan lenders that will be a more reliable option.

Let us know, have you been wronged by payday loan scams before? Drop a comment below and tell us about your experience!

24Feb2017

How to Get More Value From Your Paycheck Advance

This just in: Australian household debt is at a record high.

The report also mentioned that 30% of Australian households are in some sort of financial stress and that the country is going to go through a debt hangover according to the Financial Counselling Australia.

To say that it’s not looking good for a lot of Australians when it comes to managing finances is an understatement. But it’s not so hopeless that people can’t do anything about it.

If you’re facing certain financial challenges, a paycheck advance may be the solution you’re looking for. It can tide you over until your next payday and help you in case of an emergency or in the event of an unexpected expenditure.

Of course, like any other loan, a paycheck advance needs to be repaid, which is why you should know how to make full use of it. To maximize your payday loan, here are some tips on how to use it responsibly:

Use your paycheck advance as intended.

You’re borrowing money for a reason.

Whether it’s for an emergency medical situation or your child needs funds for tuition or you need to pay a utility company, use your paycheck advance for its intended purpose.

Pay whatever or whomever you need to pay as soon as you receive the money. There’s always temptation to give in to an impulse purchase since payday is just a few days or weeks away. And if you happen to borrow from an unscrupulous lender, you would have to repay that short-term loan with substantial interest.

Remember, too that a paycheck advance may not be the best option for settling living expenses or monthly bills. There’s a higher risk of defaulting since payday loans are supposed to work as short-term solutions to a sudden financial difficulty. It’s also advisable that you do not take out further loans until you’ve paid the first one so you don’t get sucked into a vicious debt cycle.

Make sure you have enough funds.

To repay your loan, that is.

If your main source of income doesn’t provide you with enough funds to pay back your cash advance, as well as cover the costs of your usual expenses, consider getting another job or finding other sources of income. It might be difficult but it’s better than not being able to pay your debt on time.

Plus, you’ll be comforted by the thought that you’re on the way to having a better credit history and inching closer to financial freedom.

Do your research.

Not all payday lenders operate because they seriously want to help people in dire financial straits.

It’s a good thing then that the government is cracking down on unscrupulous payday lenders.

Of course, even with new laws to protect borrowers, you still need to be vigilant. Before you take out a loan – any loan – always do your research. See if the company you have chosen has a good reputation.

Check customer reviews and complaints. A quick online search should let you know if a payday lender is worth borrowing from.

Only borrow what you need.

Sometimes, payday loan companies will offer you a higher loan amount than what you’re initially going for.

This usually happens when your monthly salary is more than the required threshold set by payday lenders.

It’s an attractive offer but you would do well to stick to your original plan. You don’t want to put yourself in more debt than you need to be. Borrowing the exact amount you need puts you in a better position to repay the loan on time and helps you not incur additional fees and interest.

Be sure you know what you’re getting into.

Read the loan agreement thoroughly. If there are things you’re not so sure about, ask, don’t guess.

Because payday loans are typically done online or over the phone, you might miss important details such as the amount you have to repay. Come next payday, you might get the surprise of your life when you see a huge debit from your account.

Always review the loan agreement and make sure the repayment amount is included in your monthly budget.

Don’t panic if you can’t repay your paycheck advance.

If for any reason, you can’t pay back your paycheck advance, don’t panic and shut yourself off from the world.

Let your payday lender know as soon as possible. Here at Cigno, for example, we encourage our borrowers to contact us if there’s a chance they will fail to make payment.

We know that sometimes unexpected things happen and we’d rather hear from you directly then refer your case to an external debt collector.

Bonus: Tips to get out of debt

In an ideal world, no one will have debts and everyone will have enough money for their wants and needs.

But it’s not a perfect world. And some of us just can’t seem to get out of debt. If this sounds like you, here are some tips to start you on the debt-free path:

Track your spending. Knowing where every cent is going will help you identify where you can cut expenses. If you find you’re spending too much on eating out, start packing lunches. Use coupon codes for online purchases and stop paying for things you’re not using (like that gym membership for example).
Get the support of family and friends. Tell them you have a debt repayment plan and you’re sticking to it. This way, they’ll know why certain activities might be difficult on your budget. And they’ll be more inclined to suggest potlucks and other events that don’t cost a lot.
Prepare to sacrifice. Whether it’s taking a second job or letting go of personal treats such as spa days or shopping sprees, you have to be prepared to make sacrifices if you want to be debt-free. It’s going to be hard but never getting out of debt is harder.

Need help?

Our cash loan products can help you if you’re in need of a short-term financial boost.

If you need more info on our quick, easy, and non-invasive application process, give us a call at 1300 88 23 24 or email us at info@cignoloans.com.au.

24Jan2017

When You Shouldn’t Apply for Same Day Payday Loans

Same day payday loans, as well as payday loans in general, tend to have a lot of stigma around them.

However, payday loans can be an excellent alternative with emergency financial situations arise.

But when are same day payday loans a good idea, and when are they more hassle than beneficial?

We put together a guide to understanding same day payday loans and how to figure out when they are the best choice for your financial situation.

Check out what we found!

What Are Same Day Payday Loans?

By definition, a payday loan is a short-term loan that typically caps at $500 or less. Most payday loans are due on your next payday.

“Same day” payday loans are simply payday loans that are approved the same day you have applied and funds from the loan are distributed on the same day as well. Most payday loans are same day payday loans.

Typically, a payday loan boasts a higher interest rate that most loans. However, because of their very short lifespan (the typically pay period is two weeks or less) and relatively low loan cap, these interest rates are not nearly as intense as they seem when you crunch the numbers.

For example, say you have an emergency and cannot pay your credit card bill on time this month. The payment of $100 will be subject to late fees in the $40-50 range and higher minimum payments. You have more than enough money in your upcoming paycheck to pay for this.

By taking out a $100 payday loan as a solution to pay your credit card payment with a 30% interest rate, you spend less money on interest fees and prevent a raise in your minimum payments.

As we said, payday loans are designed to be very short term.

Same Day Payday Loans – When Are They Not The Right Choice?

Same day payday loans are absolutely beneficial for the following circumstances:

Medical emergencies that cause a few days of work absence
Sudden financial emergencies
A forgotten due date for a bill with a high-interest rate or late fee

However, there are many situations in which a same day payday loan is a really terrible idea.

There are financial situations out there that may make payday loans look appealing, but if you are unable to pay that money back on time, you could find yourself in a whirlpool of debt that is very hard to get out of.

First and foremost, there are two major common things you should not use your payday loan money to pay for:

Another debt (credit cards, other personal loans, other payday loans)
Non-necessities

What exactly are non-necessities? Here are just a few things that really don’t require payday loan debt to pay for.

A Hot Date

If you’ve started dating someone and want to impress them with fine dining, movies, and other expensive date activities, you may need to tone it down a bit.

Taking out payday loans and then rolling them over every pay period can get dangerous, and in the long-run, you aren’t being totally honest with your new beau. Be open about when you can afford things and when you can’t. If your partner understands your honesty, congratulations!

Spending too much time in the payday loan cycle can lead to higher interest rates, so it is best to reserve them for emergencies or very important things– not movies and a fancy dinner.

Business Investment

You should never use a payday loan to put into the stock market or another risky business investment. Investment is never a guaranteed return— sometimes you will lose that money instead of getting it back. Sometimes it can take months or even years to see a return on the investment.

The key to making a good investment is to do an ample amount of research on the project and company you are investing in and to use your own money instead of money from a same day payday loan to fund the investment.

Just as well, you should only invest an amount of money that you can afford to use and consult a financial expert to see if the investment is even worth it.

If you want to make more with a business investment, you should use money that you’re not at risk to have to pay back to anyone. If you lose on the investment, that’s a bummer, but at least you aren’t in debt. If you do get money back, it’s all yours!

Shopping

Got an itch for some impulsive shopping? Scratch that itch in some healthier ways, because taking out a payday loan for a shopping spree is downright dangerous.

If you don’t have the money right now to go on a shopping spree, you won’t have it when you get paid. Shopping addiction and impulsive shopping is a very easy way to get into debt, and it should be seen for what it is– an addiction.

A Vacation

If you have the money for a vacation, you’d have taken one already.

Using a payday loan to fund a vacation and pay for things like flights, hotels, expensive food, tours, and other things is a good way to plummet into debt quickly.

Save up your money for that luxury vacation and think of staycation ideas in the meantime to save you a big chunk of change.

A Giant Party

Liquor, beer, a DJ, food, and other huge party essentials aren’t going to pay for themselves! However, a payday loan shouldn’t pay for them either.

A big party isn’t going to return anything to you financially. It may be memorable and fun, but you’re going to have a major headache from overspending your payday loan. One night of awesomeness shouldn’t equal months of financial hardship.

Borrow Responsibly Today

Was our guide to when you shouldn’t apply for same day payday loans helpful in your time of need?

Tell us your thoughts, along with your experience with same day payday loans, in the comments below!

7Dec2016

Are Instant Payday Loans Instant Solutions?

If you’re wondering about whether an instant payday loan is the choice for you, check this out – we’re sharing everything you need to know about this tool.

Let’s face it – we’ve all been in situations where an extra $100, $300 or even $500 could have done us a world of good, and gotten us out of a pretty tough bind. Emergencies that cost us money crop up from time to time.

If those situations happen to you frequently (or you want to be prepared in the event that it does happen), then you’re obviously looking for a solution. That’s probably how you ended up searching for instant payday loans.

Sure, you’ve heard some talk about them. However, if you want to find out for yourself, you’re in the right place.

Let’s take a look at instant payday loans, and if they’re really the solution that they’re made out to be.

Payday loans are what they sound like, and a little bit more

Loans are money that you can get on the condition that you pay it back by a set amount of time. Therefore, payday loans are a type of loan. They’re typically for a small amount of money. They get the name from the fact that you’re supposed to pay it back by your next payday.

They are small, short-term loans or “cash advances” that you get to fix an unexpected situation. For example, you may get a parking ticket that you didn’t expect or you might have an urgent bill arise that you can’t pay at the moment.

To put it into perspective, look at this scenario:

You work at a retail store, making $18.65/per hour. You’re cycling on your way to work one morning, and as you ride across the road a car comes out of nowhere and hits you off your bike. The driver speeds away before you can catch their license plate number. That leaves you with a totaled bike, and possibly medical bills even though you’re not seriously hurt.

All you have is $45 in your savings account. Your job doesn’t provide you with health insurance, and you need your bike to make the 45-minute commute to work in the morning because you can’t afford public transit. A new bike is going to cause you at least $250, and there’s no telling how much your medical bills could come to.

In a situation like that, a payday loan would be perfect for you. That’s what they’re about – access to money now, to remedy a situation that has arisen that will put you in a real bind if it isn’t resolved.

That beg’s the question of where do instant payday loans come into play.

So, what about instant payday loans?

Instant payday loans are an expedited process of the situation above. With some loan companies, a payday loan can take a few days to be processed and reviewed. That can be a real inconvenience if you’re in dire need of money.

However, instant payday loans mean that you walk into the lender, fill out a quick application form, and leave with the cash in hand that you need. Or, it’s transferred to your bank account shortly after. Whatever the case may be, they’re instant as the name suggests.

With all that in mind, are instant payday loans instant solutions?

Needless to say, instant payday loans are a great help if you’re in need. However, there a few things to consider before taking on.

The first thing to note is that payday loans typically have a higher interest than loans from the bank, and can be expensive. That being said, if you can’t afford to repay the loan in full including the interest once you’re cheque comes don’t take the loan, or borrow an amount you can afford to repay.

Additionally, taking an instant payday loan has some distinct advantages:

Payday loan lenders have longer office hours than regular banks and are more flexible. This allows you to feel more at ease. You can negotiate, and you can rush in, in the event of an emergency.
There is no bank loan application. Most lenders only need your name, employment information, and contact information of you and a few of your friends and family.
Applications are reviewed promptly, and often processed in a few minutes or hours. You’ll get the money you need very quickly to solve your problem.
These loans are short term, and the average length of these loans are about two weeks. This means that once you repay them, you aren’t in debt for an extended period of time, which can be stressful.

For the right person, an instant payday loan can be a saving grace. Done right, instant payday loans are great!

What precautions do I need to take?

There are some guidelines that can ensure that you get the best out of payday loans. Here are a few:

Do not take multiple loans from multiple lenders. If you need more than the amount of money that a lender can give you, do not try to accumulate money by taking out payday loans from different lenders. You’ll be setting yourself up for disaster. Take only one payday loan at a time.
Be responsible. If you borrowed $300 to pay for an emergency that turned out to just cost you $150, don’t spend that money frivolously. Put it to good use, so that you can easily repay the loan when the time comes.
Ensure that you read the fine print. Some lenders have fees that skyrocket to astronomical amounts once you’re even a day late on your repayment. Make sure that you’re aware of all of these kinds of setups.

Truth be told, some payday loan lenders can be sleazy. So, where does that leave you? What do you do?

You need a lender that’s committed to the greater good of their clients and helping them out of tough situations. In other words, you need Cigno Loans. We’re a loan company offering a wide range of loans for the working Australian.

Visit our contact page, for information on how you can take advantage of some of our amazing offers. You’ll never have to be in a financial bind again – we’re here for you!

23Nov2016

Is a Paycheck Advance What You Need Now?

Things come up, and you may find yourself needing a little extra to make it through the coming weeks. Is a paycheck advance right for you? We’ll tell you here.

An emergency doctor visit. The car engine blows out and needs to be completely replaced. The roof springs a leak, flooding your bedroom.

These events creep up on all of us eventually; it’s just a fact of life that we’ll have to weather some tough times.

But, what if you’re facing really tough times?

Maybe you’ve just been laid off or this is the second emergency room visit this year and the funds to cover the costs just aren’t there.

You’re not alone. In the past few years, more than 20,000 Australians had to declare bankruptcy.

All-out bankruptcy is pretty severe but sometimes it comes down to just needing to cover a gap in payments that can make all the difference.

You might not have the option to turn to friends or family and your credit cards might be maxed out.

So where can you go to find financial relief? Could a paycheck advance be the solution to your problem?

Debt: How It Happens

Needing a quick infusion of emergency cash isn’t that uncommon.

Although divorce rates are falling, it’s still a fact of life for far too many Australians.

It’s bad enough dealing with a broken heart; bringing money issues into the picture are just another source of stress during a hard time.

Financial woes are plaguing the healthcare system itself and those problems are likely to be passed on to citizens.

Imagine if your child needed emergency care.

You can’t put a price on their life and wellbeing, but that bill can take a toll on your bank account’s health.

What if you’re no longer drawing a paycheck because you were laid off? Losing one’s job is the most common reason Australians feel the pinch in their paycheck.

Right behind losing a job is racking up credit card debt.

The typical image of someone with a maxed out card is a dumb teen on a shopping spree, but it could just as easily be someone who tried to patch a gap in their finances and now the bills are piling up.

If you think the only damage in this situation is confined to a bank account, think again.

Debt has a devastating long-term effect on a person’s health.

Financial Woes Affect Mental And Physical Wellbeing More Than You Think

Personal finances are a significant cause of stress, anxiety, and depression for many Australians.

The mental and physical toll money problems exact is heartbreaking.

You might fall into a deep depression which leaves you unable to take action and get your finances under control.

The thought of all of those unpaid bills might keep you up at night, causing profound insomnia which then affects your waking hours.

You might lash out in anger, destroying relationships that are vital when you’re going through a rough patch.

Worse – debt can cause you to turn to self-destructive behaviors.

Those with money worries can turn to drinking or drugs to alleviate the extreme stress they’re feeling.

The relief you’ll feel pursuing a quick high or doing a few shots to “take the edge off” will fade and you’ll be in the same place you were before.

In fact, you might be in even worse shape – 41% of those struggling financially look to gambling to try to scare up quick cash.

As the saying goes, the house always wins, which means you lose if you go down that road.

The one thing that will alleviate the stress? Tackling your financial worries head on.

Take Control With A Paycheck Advance

It’s easy to slide into debt, but it’s easier than you think to climb out.

Have you ever heard of a paycheck advance?

It’s a surprisingly simple and quick solution to a temporary lapse in your finances.

If you’re hurting for emergency cash, a short-term loan, like the kind at Cigno, can make a big difference.

What sorts of things should you consider when looking into a payday loan?

First, make sure you consider all of the alternatives and get the short term loan lender that will best meet your needs.

A good rule of thumb to consider is if the service can provide you with money quickly.

That’s what makes places like Cigno so convenient – there’s not a long wait time before receiving the funds you need.

Plus, the application is quick and simple. There’s no time wasted when you’re signing up for an advance.

Another benefit of a paycheck advance? They’re easy to qualify for.

If you’re wondering who is qualified for a short-term loan, the answer is just about anyone.

Since financial problems can catch anyone unawares, there’s no judgment, just results.

Isn’t that a good feeling – having an easy solution to life’s money problems?

Use A Paycheck Advance Wisely!

The cash you receive should be for emergencies only! Don’t sign up and blow it on an unnecessary purchase.

Use your best judgment and make sure you cover only what you need to and don’t go further into debt.

Remember, eventually, the cash will need to be repaid. Don’t borrow more than you need; stick to what you need to get through the rough patch.

Make sure you can afford repayments, too. Fixing one financial crisis with another won’t help anyone.

Understanding the fees and interest is crucial.

Knowledge is power, so empower yourself to pull yourself up out of debt!

Don’t Let Debt Drag You Down

It’s so tempting to cry, lay on the couch or have a glass of wine too many when life throws a huge curveball at you.

It’s OK to shed a tear or two, but the thing that’s going to make the biggest difference is confronting your issues head on.

If you’ve got a cash-related worry rolling around in your thoughts, consider a paycheck advance to get you through to the other side.

The first step is often the hardest, so if you’re ready to tackle your cash problems, consider a short term loan.

Have you ever used a paycheck advance before? What’s your best advice for dealing with cash-related problems?

Let’s start a dialogue and together we can make debt disappear!

26Oct2016

How to Make Your Pay Day Loan Work for You

Sometimes pay day doesn’t quite match up to when cash is needed. Enter pay day loans. Here’s how you can use them responsibly to work for you.

Pay day loans have been a lifesaver for many Australians since the economic crash of 2008. In March over 7000 Australians went bankrupt, and many in the nation are struggling to even meet their needs.

Have you ever been stuck in between paychecks with a bill collector crawling up your back? Do you feel like your pay day comes at the absolutely wrong time?

While a pay day loan isn’t a constant solution, when you are at your wit’s end with important bill payment, it might be a good short-term solution for you.

Loans are scary for anyone. Taking the wrong loan at the wrong time could land you in a world of hurt. This is why we’ve set out to compile a little bit of advice on how to make a pay day loan work for you.

1. Pay Day Loans: What are They For?

Have you been responsible with your money so far and found yourself at a dead end looking for a way out? This is a completely valid reason to take a loan.

But, you need to make sure you do have a valid reason for taking out that loan. Because if you are taking out loans unnecessarily, you will find yourself saddled with a loan you may not be able to pay back in the future.

Although pay day loans generally fall under $500, the interest rate alone might be detrimental. Interest rates on pay day loans can be as high as 400% in other countries, but in Australia, fortunately, we have laws that keep a lender from charging over 20% at the outset and more than 4% each month. We’ll later go over how much that would cost you in the long run, but, although our government protects you from greedy lenders, this is still not a number to take lightly.

Pay day loans are the lifesaver rings of the financial ship. And that’s exactly what they are for, emergencies.

For this reason, you should never borrow more than you need.

Many people in the world mask their lack of wealth by living above their means. So, you need to sit down and take stock of your finances before taking out a pay day loan.

Will you be able to pay it back? If the answer is “no,” then maybe you need to consider the alternatives.

2. Pay Day Loans: You Only Need One

As we pointed out above, $500 may seem like a small loan, but when combined with the interest rate, it is actually a large loan.

Some sleazy loan companies might try to get you to take out more than one pay day loan to satisfy more than one bill.

This is a tempting scheme, but those loan companies do not have your best interest at heart. They are only in it to make as much money off of you as they possibly can.

Again, if you need more than a $500 advance on your paycheck, then you might want to consider alternatives.

What kinds of alternatives are there?

One of the best pieces of advice I ever heard about investment was, go to your family and friends first. You might be surprised at the generosity of those you know.

The average Australian borrows $200 from friends and family every month. And this is not an unwise move.

Think about it. When you borrow from an institution or a loan company you have fees and interest rates.

Now, you may have a business savvy family member who might decide to charge you interest on their loan to you. But most family members probably wouldn’t even think to do such a thing to their nearest and dearest.

Also, have you tried negotiating with your bill collector or utility company? Sometimes, if you explain your situation, bill collectors will give you a grace period to pay them without penalty.

If you haven’t defaulted on their payments, then you may be in good graces with them.

If you are renting and you have been paying rent early each month, use this to your advantage when talking to your landlord.

Also, do you have anything laying around the house you could sell? Often times what you think might not be of interest to another person is really gold. eBay and Amazon are excellent places to make a quick dollar.

3. Pay Day Loans: Pay it Back ASAP!

Now it’s time to talk about that pesky thing we call interest rates.

Have you ever accidentally run up your credit card and found it much harder to pay back over time than you thought?

The average credit card interest rate is only about %16.9 in Australia. That’s much, much lower than the initial fee on a pay day loan.

If you were having a hard time paying off your credit card, you are going to have a hard time paying off your loan.

Using a handy loan calculator, we can see that at a 20% fee and a 4% per month interest rate, in a year you would pay over $800.

If seeing that number isn’t incentive enough to pay off your loan as soon as possible, I don’t know what is.

And remember, this is only to get you through until your paycheck comes in later that month. If you can’t pay it that month, be sure you are able to pay it within a month or two.

Most loan businesses will work with your pay structure. When are you getting paid next? Most likely the loan business will take that or the next paycheck date to give you an estimate on when they expect you to pay back the loan.

You will most likely not be taking a whole year to pay back your pay day loan. And if you are smart with your money, you will have it paid off in two pay cycles.

Conclusion: Make the Right Decision

Now that you’ve considered all the options, looked at your finances, studied up on the terms and conditions, you are ready to make a decision.

Again, stop. Take a moment to evaluate everything.

Then come on over to Cigno Loans and apply today!

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