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How do payday loans work?

Need to know how Utah payday loans work? Here is a quick guide to help you out.

Accidents and lawsuits are an inevitable part of our lives, and in most cases, require vast sums of money. To cover these costs, we may be forced to cough out money from our savings or get quick loans to settle them. If you have borrowed money from the bank, then you probably have an idea of how slow the process can be, which will obviously delay your loan. In this case, you need a payday loan.

What is a payday loan?

Payday loans go by many names; payday advances, short-term loans, cash advance loans, payroll loans, and many others. From their name payday, these loans are paid out on the grounds that you are employed and have documentation to prove so.

Payday loans can be a lifesaver. We all have that tight period where cash suddenly vanishes and before you know it you are already in arrears and other bills have already started piling up. Late payments mean additional fees and other penalties, which you can well avoid by getting a payday loan.

Many people find Utah payday loans beneficial especially for emergencies holiday shopping and many more. Don’t wait for an eviction notice, let Money 4 You Payday Loans provide you with that cash and save you from financial strains.

How do payday loans work?

Like we’ve mentioned, payday loans are centered on monthly income. That means that when you apply, you will need to provide proof of that income. You also need to keep in mind that a payday loan is a short-term loan, meaning that the loan will be due in a couple of weeks–your payday.

If the loan is approved, you can collect the money or have it sent to your bank account instantly or wait a few hours depending on your lender. In return, you will need to provide a date that the lender can withdraw the amount you borrowed–plus the applicable fees. One of the most significant advantages of payday loans is that people with a bad credit score or in financial difficulties can still apply.

Searching for the best Utah payday loans?

Getting loans has never been this easy, fast, and friendly. At Money 4 You Payday Loans, we pride ourselves in top-notch customer service serving the Utah community for over two decades now. Feel free to walk in any of Money 4 You Payday Loans location near you or give us a call at 855-MY-MRMONEY for queries.

Author Statement:

Mike is the owner of Money 4 You Payday Loans in Utah. He has been serving the community for over 20 years and has kept that small-town, friendly business feel from the start. Money 4 You Payday Loans has 21 locations across Utah to serve you.

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5 Free or Cheap Mother’s Day Gift Ideas

5 Free or Cheap Mother's Day Gift Ideas

Mother’s Day will be here before you know it. Are you ready to celebrate what she means to you? They say ‘it’s the thought that counts,’ and your Mom will appreciate a thoughtful gift whatever it costs. Here are five ideas for great gifts on tight budgets.

Treat Her to Home Cooking

Does your Mother have a favorite meal? Serve it to her! You can find YouTube videos that break down even a complicated looking dish into easy-to-follow steps. Stuck for ideas? Buy a premade pizza and dress it up with quality ingredients like smoked green peppers, fresh basil leaves, or seared Canadian bacon.

Give Her a Spa Experience

She doesn’t need to go all the way to the spa to have a relaxing day. Think about getting her scented candles, bath salts, sheet or clay face masks, and body lotion infused with aromatherapy oils. If you want to go the extra mile, do a little homework to see which scents she likes the most.

Plan a Family Outing

Spring is a great time to get out of the house for a daylong road trip, visiting the zoo, or hiking in a nearby park. The key to this is to plan everything, figure out transportation, pack snacks, etc. This way, all your Mom has to do is kick back, relax, and build some new memories as you catch up on each other’s lives.

Get Her a Subscription

Does she read a lot? There are ebook subscription services lets her read an unlimited number of titles for just a few dollars a month. Is she a fan of makeup and beauty products? Birchbox and other beauty subscription boxes can be very affordable. If money’s really tight, you can probably find one- and three-month plans.

Caffeinate Her Life

Quality coffee or a higher-end box of tea won’t set you back too much. These little gifts really do taste better than the supermarket generics. Your mom will savor the smooth, complex flavors every morning.

Looking to Splurge?

These Mother’s Day gift ideas are sweet and budget-friendly, but maybe you have something a little bigger in mind. At Money 4 You Payday Loans, we have been serving people in Utah for over two decades. Come by one of our 21 convenient locations. Our friendly employees will be happy to talk about your options for installment loans Utah.

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5 Ways Springtime Cleaning Can Save You Money

Need some motivation to dig into your spring cleaning? If you do it right, you can actually save yourself some money. By the end of the day, you can have a clean house and more money in your pocket. Here are some items to add to your spring-cleaning checklist to improve your budget.

Clean the tracks of doors and windows to help them seal more tightly: That’ll keep more of the cool air-conditioned air inside your home during the upcoming summer months.
Declutter: Think you need a brand-new house to hold all your stuff? Even if you’re just thinking about springing for some extra storage containers or shelves, the cost can add up fast. You may be better off combing through all that clutter and selecting items that you no longer need and getting rid of them. Less stuff means you need less space to store it. You can also sell that stuff to earn some extra cash or donate the items and claim a deduction on your taxes.
Fridge and pantry clean up: Go through your fridge, freezer, and pantry to get rid of old food. There are a couple of ways that this will save money: first, you’ll likely locate some food items that you had forgotten about but are still perfectly fresh and usable. That can decrease your next grocery bill. Second, by tossing all of the old food, you’ll be able to organize your pantry more effectively. When you can see what’s in your pantry you’re more likely to use it up.
Deep clean your dishwasher: It may seem silly to clean the inside of your dishwasher, but doing so can actually save you money. Use vinegar and water to scrub off the vents and moving parts. That’ll help the dishwasher operate more efficiently and clean more thoroughly.
Clean your vacuum: Giving a little TLC to one of your primary spring cleaning partners can really pay off. Keeping your vacuum’s vents and power sources clean will help it clean more efficiently and last longer. Who wants to spend a bunch of money replacing a vacuum?

Feeling motivated yet? Do your house and your wallet some good and tackle that spring cleaning to do list. If you need financial assistance to get you through to the next paycheck, consider a cash advance payday loans Utah from the experts. Contact Money 4 You Payday Loans today.

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Installment Loans: Are They Right For You?

Installment Loans_ Are They Right For You_

Are you looking for a way to handle an unexpected emergency? Do you need a loan? If you’re looking into installment loans Utah, then you need to consider whether it is a good choice for your goals and situation. The type of loan you need will depend on your goals, so an installment loan may or may not be the right option.

What are Installment Loans Utah?

As the name implies, installment loans are a type of loan that you pay back over time with payments. You do not pay the entire loan at one time. Instead, you repay a portion of the loan each month.

The loans are usually used for large purchases or a larger sum of money. For example, a mortgage or a car loan is a type of installment loan. Student loans or large personal loans also fall into the category of an installment loan.

Advantages of an Installment Loan

The primary advantage of an installment loan is the plan. It helps you create a realistic budget for your monthly income. The result of a budget is that you are able to avoid unnecessary financial complications.

Installment loans also have a fixed rate in most situations. While there are adjustable rate loans available, you will find that many installment loans have a fixed interest rate. That means your monthly payments will not change over time. You have the same rate and cost each month. If you have an adjustable loan, then you will have a clear idea of when the payments may change.

Disadvantages of the Loan

While installment loans help with your budget and may have a fixed rate, the loans are designed for larger purchases. You should be aware that it is not always a good choice when you need a small loan for an unexpected emergency or need to handle a problem at a fast pace.

When to Consider an Installment Loan

You want to consider an installment loan when you are planning a large purchase. For example, if you are planning to buy a house, then you want a traditional mortgage to help with the cost. You will want to consider alternatives if you need a small amount of cash for an unexpected emergency. Installment loans are a good choice when you want to buy something expensive or you plan to take out a large loan.

Author Statement:

Mike is the owner of Money 4 You Payday Loans in Utah. He has been serving the community for over 20 years and has kept that small-town, friendly business feels from the start. Money 4 You Payday Loans has 21 locations across Utah to serve you.

Money 4 You Payday Loans
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3 Unexpected Ways Payday Loans Can Make Your Life Better

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Almost everyone has issues with money from time to time. Many people live paycheck to paycheck and, unfortunately, unexpected expenses do come up. When this happens, people might be wondering how they are going to make ends meet. How can they keep their lights on, the roof over their head, and food on the table when large, emergency expenses arise? This is where a payday loan can bring significant relief. What are a few of the ways that an emergency payday loan can make a family’s life easier?

The Speed

While people often go to the bank for a car loan or a mortgage, this process can take days or even weeks. One of the biggest benefits of a payday loan is the speed. It is quick, easy, and people can get money right away to cover those unexpected costs. If a utility breaks, a hospital bill comes up, or the car is in trouble, a payday loan is a way to go. The application process takes only a few minutes and people could have their money within hours!

Easy to Qualify

Many people who are looking for a loan have been turned down by other lenders in the past. The good news is that a payday loan is far easier to qualify for. People might be surprised to hear that the only requirements, typically, are a steady job, a checking account, and a valid state ID. Because almost everyone can qualify for a payday loan, it is an easier process than most other options.

Few Restrictions on the Spending

Many loans come with strings attached that limit what the money can be used for. This is not a problem with payday loans, as people can use their loan money for anything. Don’t worry about violating the contract because payday loans come with no restrictions!

Apply for a Payday Loan in Utah

Ultimately, unexpected costs do come up and, when this happens, people may not be able to wait for their next paycheck. When this happens, apply for a payday loan in Utah. At Money 4 You Payday Loans, we are locally owned and operated. Do not hesitate to contact us today with any questions or concerns. We are here to help you.

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3 Benefits of Payday Loans for Thanksgiving and Black Friday Shopping

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More than any time of year, you need money for Black Friday shopping. The deals on Black Friday are absolute steals! And the temptation to spend and send gifts to your family and friends in time for the holidays looms over you. Oh, the guilt and dismay you feel if you feel like you cannot give them the quality gifts they deserve. And oh, the disappointment and hopelessness you feel when you cannot treat yourself during this time of year that demands joy, love and gratitude.

It can wear you down to feel limited by funds when there’s so much pressure to give and delight in the little things this time of year. Fret not and fear not, there are ways to have money for Black Friday shopping without emptying your own wallet! A Christmas miracle, you might say, why yes indeed! Money 4 You Payday Loans is here for Utah customers this holiday season. Originally a Mom and Pop business with ONE store and now a franchise of 21 locations, Money 4 You Payday Loans maintains that trustworthy, small-town business approach. Here are 3 Benefits of Payday Loans to consider for Black Friday!

Payday Loans Are QUICK!

Most loans require a lot of paperwork and processing time. But you can apply for a payday loan and hear back from a lender within HOURS, sometimes feedback can be WITHIN the hour. They’re ideal for last minute Thanksgiving and money for Black Friday shopping even just applying that Wednesday before!

Fewer Requirements!

The main requirement for a payday loan is that you have a steady source of income. In other words, you just need to prove you have a job and you’re qualified! Other loans require a collateral and good credit. But you can qualify for a payday loan even with bad credit!

You Can Do It ALL Online!

The reason payday loans are so fast is because you can do it all online, without setting up a meeting with a loan officer. How convenient is that? You can send your application from your home computer or office computer and quickly set everything up. Again, this is ideal because you can do it that mellow week leading up to Thanksgiving on Thursday and have money that stretches even further given that Black Friday deals are often the most reduced prices of the year.

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5 Things You Didn’t Know You Can Claim as Tax Deductions

5 Things You Didn't Know You Can Claim as Tax Deductions.png

High profile tax evasion cases always pop up on our screens from time to time. The taxman is not a popular figure, but we still need to remit our taxes every other fiscal year. Did you know that you can get some of this money back as tax deductions? Here are 5 things you didn’t know you can claim as tax deductions:

Charitable Donations

Charitable causes have been known to earn tax deductions for individuals who put in loads of cash. What has not been made clear is that smaller donations can also make you legible for deductions. Every time you give towards a noble cause in your locality, ensure that you fill out the right forms. They will come in handy when you need to make a claim.

Medical Costs

Exceedingly high medical Costs have earned numerous people tax deductions, and you can join this bandwagon. To earn this deduction, you’ll need to pay close attention to every dollar you spend when seeking medical attention. Individuals who’ve enjoyed this tax break have had to spend more than 10% of their annual income on medical care.

Earned Income Tax Credit

A large percent of middle-class Americans have foregone this opportunity with the assumption that they make a lot. If your income is low, moderate or anything between those two, then you are a perfect candidate for this tax deduction. Self-employed people can also claim this deduction.

Reinvested Dividends

You’ll need to keep a close eye on your investments and report everything as accurately as possible. Accurate reporting ensures that you won’t mention huge sums of investments that will result in excessive taxes. When you eventually decide to cash in on your shares, the taxable capital gain will inevitably be lower.

Deductions on Small Enterprises

Office supplies would also be an excellent place to start. Entrepreneurs who are sourcing office supplies will enjoy higher deductions. Office furniture is another avenue for tax deductions, and you can choose to make a claim once or after every year depending on your preference. A good number of office expenditure will also earn you tax deductions.
The tax season should not always be all gloom. Make the most of these tax deduction opportunities and enjoy the next tax season when it comes rolling. You can smile all the way to the bank to collect your deductions after paying your taxes as a law-abiding citizen.

The tax information contained with in this website is provided for informational purposes only and is not intended to substitute for expert advice from a professional tax/financial planner or the IRS.

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Advantages of bad credit installment loans

There are certain times in life when you may be faced with a financial emergency, and you need to take a loan to deal with the situation. Your car or refrigerator may break down at the most inopportune time. If your credit score is perfect, you may not have trouble accessing the loans that you require.

But, what will happen in case your credit score isn’t as good as it should be and you find yourself in such a tight spot financially? This is the right time you need to think about bad credit installment loans. Here are some of the top advantages of bad credit installment loans Utah that you need to understand.

No Need to Worry about Your Credit History

This is one of the most significant advantages of bad credit installment loans. The lender will not use your past financial mistakes to deny you the money that you require. There is no need to worry about your credit report or rating since the lender isn’t going to look at them. The lender is only interested in your ability to repay the loan on time. Lenders who offer bad credit installment loans Utah are more concerned about your future and not your past.

They Are Convenient

You can apply for a bad credit installment loan anytime anywhere. Unlike conventional lenders such as banks that operate between nine and five in the evening, bad credit installment loan lenders are flexible and can process your loan request at any time. Their online presence offers you the much-needed convenience to apply for a loan from the comfort of your home or office.

No Restrictions on How You Spend Your Money

You can spend your bad credit installment loan on anything that you wish. This is unlike some of the loans offered by conventional lenders that must be spent on a particular item. For instance, you can only spend a mortgage on acquiring a home and an auto loan on purchasing a car. As long as you borrow responsibly and use your credit to address a financial emergency situation, you won’t feel any trouble repaying your loan.

Quick Approval

Not only are these types of loans convenient, but they are also easy to get approved. Bad credit installment loans have an average approval rate of between 80 and 95%. The loan will also be processed within a short period so that you can access your funds. Typically, a bad credit installment loan request will be processed on the same day or the next business day. The funds will be transferred to your bank account within 24 hours.

Are you facing a financial emergency in Utah? Contact Money 4 You Payday today for an instant bad credit installment loan to sort out your issues. We have been serving the Utah community for over two decades, and we have kept the same rates for over 20 years. Talk to us today and let us help you.

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Pay Day Loan vs Title Loan

Roughly 2 million people borrow money using title loans each year. And around 12 million people are taking out payday loans annually.

For many Americans, this has become the norm – taking out loans to make ends meet. Some use them regularly to pay for monthly bills, while others get them sporadically to help with emergency expenses.

If you’re thinking about getting pay day loans in Utah, but aren’t sure if it’s right for you, then this guide may help. We’re going to review the differences between a pay day loan vs title loan.

Let’s take a look.

What Are the Requirements for Pay Day Loans in Utah?

Pay day loans are great to use when you’re in need of quick funds to pay for small debts. For example, a light bill, rent, doctor visit, or food shopping.

In order to get pay day loans, you have to meet certain criteria. For instance, you need:

Verifiable income
Open and active checking account
Be at least 18 years old
Valid phone number

Pay day loans allow you borrow between $50 and $3,000. You’ll have to pay a fee, which sits around $20 per $100 you borrow. Your income will impact how much you can borrow.

You’re required to repay the loan on your next payday (can be between 8 and 36 days). This is normally automatically deducted from your checking account unless you repay it earlier.

What Are the Requirements for Title Loans in Utah?

The main difference between title loans and pay day loans is the collateral. With a pay day loan, you can get a loan just for showing you have employment and a bank account.

However, with a title loan, you must put your vehicle’s possession on the line. In the event you don’t repay your loan, the lender can confiscate your vehicle.

In order to qualify, you need:

A car title in your name
Driver’s license or state I.D.
Your vehicle available for inspection

The amount of your loan depends on the value of your vehicle. Some lenders offer up to $15,000 to $20,000. The minimum you can take out varies, but is usually around $1,500 to $2,600.

The fee for these loans can range from $1,500 to $7,000.

Getting a Quick Loan

If you’re looking for a loan that doesn’t have a lot of risk or high fees, then you should opt for pay day loans in Utah. The fees are lower compared to title loans and you won’t risk losing your car.

Pay day loans are also available at lower limits, which may be more suitable for your needs. However, if you need a large lump sum of cash and feel confident you can pay it off quickly to avoid high interest rates, then title loans are your best bet.

Hopefully, this article helped you understand the differences between the two loans and how you can use them to stay ahead financially. If you need a quick quote for a pay day loan, then fill out our online application today!

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Bad Credit Loans: What Are My Options?

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Are you enduring a bad credit score after missing repayments on your loan, or have you had a bankruptcy charge or a county court judgment against your name? Having a bad credit score doesn’t necessarily insinuate that you are irresponsible. At times, bad economy, loss of a job, or unexpected bills like medical expenses can put you in a financial difficulty. And, even though bad credit may be a stumbling block to getting a solid financial future, you can still acquire a loan with bad credit. Here are the bad credit installment loans in Utah options to consider if you have a bad credit score.

Visit a Credit Union

Being nonprofit organizations, credit unions often pass their earnings to the members in the form of lower borrowing costs and customized customer service. They are more flexible and can be forgiving to customers with imperfect credit scores. The only requirement is to become a member.

Borrow From Family or Friends

The decision to borrow from friends or family shouldn’t be taken lightly since defaulting to pay back the loan could lead to poisoned relationships. To avoid future problems, you should have legal contracts stating loan terms, interest rates, and what happens if one defaults.

Consider Guarantor Loans

You can find someone with an outstanding credit score who trusts your ability to repay the loan to co-sign a loan application. You are both held responsible for the repayments. Timely payments boost both your credit scores whereas late payment or defaulting reflects negatively on both your credit scores.

Try Marketplace Lenders (Peer-to-Peer Loans)

With marketplace lenders, you can borrow from another individual instead of going to financial institutions. You can create a profile and post an affordable loan listing on peer-to-peer websites where investors can review and choose if they wish to fund.

Secured Loans

Even with a bad credit score, you can still acquire a bank loan by borrowing against your own assets such as your car, savings, home, and even stocks. The lender holds the asset as collateral in case you default on the loan.

Payday Loans

These are unsecured short-term loans that you must repay by your next payday.

Money issues can crop up at any time in your life, ranging from medical emergencies to a car breakdown or even day-to-day expenses between paychecks. Let Money 4 You Payday Loans help tide you over. Our loan application process is fast, easy, and friendly. Contact us today for your Utah money needs.

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