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If you are in need of quick cash for a short-term loan to get you through to your next payday, then a payday loan may be right for you. These are different than long-term loans, which are usually needed for large purchases, such as a car or a home improvement project. Instead, these are short-term loans, or payday loans, which are designed to help individuals when their next paycheck just can’t come quickly enough.The majority of payday loans range from $100 to $500, and most payday loans have a short timeline, usually less than two weeks.Payday loans are used for a variety of household and personal expenses, and they are ideal for those individuals that may not have available credit or other means of acquiring cash for the short-term.The following list details the most common reasons individuals seek payday loans:1. Groceries – There are a few things that we simply cannot live without; groceries are one of them. Have you ever paid all of your monthly bills only to find out that you didn’t leave enough for basic, household items and food? If so, then a short-term payday loan may be right for you.2. Gas Money – With the rising cost of gasoline, many hardworking individuals have experienced a hard time paying their bills and putting gas in their cars. The bottom line for most people is that no gas equates to no job. We all need to put fuel in our vehicles so that we can get back and forth between work, pick our children up from school, and run errands, for example.3. School Lunch Money – You don’t get paid until next week and you find out that your children’s lunch money is due tomorrow! What do you do? If credit is a problem and your bank account is tapped, you may want to consider a payday loan to provide your children with money for their school lunches.4. Utilities -If your gas or electric bill is due and you don’t have a paycheck coming until next week, you may want to consider a payday loan to pay your utility bill and make sure that you don’t lose your utility service because of non-payment. This will also keep your credit report free of late payment marks.5. Car Payment – Just like gas money, you need your car to get you back and forth from work, among other things, and you can’t afford to have it taken away because of non-payment. Because of this, you may want to consider a payday loan to cover your car loan until your next paycheck.6. Rent – Don’t let your landlord continue harass you for your rent money when you know you won’t have it for a couple weeks. Instead, get your landlord off your back by taking out a short-term payday loan to cover your rent.7. Car Repair – If your car isn’t running, it isn’t doing you much good. If you car needs repairs and you simply don’t have the cash to cover it, you may want to seek a payday loan to get your car up and running.8. Medical Emergency – Medical co-pays, deductibles and out-of-pocket expenses related to a medical emergency are certainly a must when dealing with a serious situation. A payday loan will help to pay these expenses until you receive your next paycheck.9. Personal Goods – Personal goods, such as toiletries, medications and diapers, are often not thought of as necessary, except when you are without them! Payday loans are a great way to provide you with extra cash to cover these incidentals until your next paycheck.10. Household Goods – What do you do if your refrigerator breaks and you don’t get paid until next week? A payday loan can come in very useful in these types of tight financial situations.When you have an emergency or basic needs that must be fulfilled, a payday loan is a great way to manage your expenses before your next paycheck is cut.

The problem occurs when the individual planning to buy the car does not have enough cash to make the down payment. That’s where private party auto loans come in. They provide a way out for such individuals who desire to finance their vehicles and don’t have enough resources to make their down payments.What are private party auto loans?It’s not mandatory to get your auto loan from traditional car dealers or banks. It’s possible to negotiate with private parties and finance your commutation needs. One way of doing this is to get your credit facility from a private party who specialize in providing car loans without any down payment. Typically, in order to avail private loans, it’s important to find a vehicle that’s offered for sale by the original owner. At times neighbors, relatives, acquaintances, and colleagues decide to change their car, and put up their old car for sale. They often advertise their sale in local newspapers, magazines, and even advert their vehicle online in forums and portals supporting classified ads. One can get a good deal from such sources.Once the particular model or make is selected, the current owner has to be contacted for the sale price and vehicle specs. Thereafter, through proper price negotiation, it becomes possible to get a decent price for the car. The major advantage in these kinds of person to person auto loan sales is there are no brokers or dealers involved, and so the price of the car does not include the brokerage or commission. The buyer gets a potential discount that way.And the second advantage is you end up communicating with the actual owner, and not the auto dealer, so you end up with first hand information regarding the vehicle’s performance and history, including various aspects such as maintenance, insurance, any previous accident history, etc. The third advantage is you end up paying an affordable price for your car, since used cars cost significantly less. The used auto loans private party monthly loan repayment amount is therefore less, so it’s easier to repay. This actually improves your credit scores and ratings, since FICO scores increase with regular payments.How to apply for private party auto loans?The process is quite simple. The buyer generally searches online for cars offered for sale, and browses the list of vehicles. Thereafter, a few of the models and makes satisfying the buyer’s requirement are short-listed. The buyer has two choices. Either to contact the seller directly and negotiate the sale after checking out the vehicle, or apply online after filling up an application form. The forms are simple in nature and some basic information has to be provided by the applicants.Alternately, the buyer can also specify some specific requirements such as mileage, age of the car, specific model or make, and even the year of manufacturing in rare cases. Some buyers also request for information related to the existing owner to ascertain how well the car has been maintained, how many services it has had, and also some specific data associated with the insurance policy or claims linked with the car.Once the car and the owner has been decided, the second step is to approach the lender. If you’ve applied online, a loan provider will be made available to you so you don’t have to search for one. In case you’ve negotiated directly, and if your credit ratings are low, it’s recommended you search online for bad credit private party auto loans provider and fill up the application form to avail your credit facility.What are eligibility for private party auto loans?One needs to qualify for private party loans. Generally, the norms related to the eligibility remain more or less common amongst the providers, and are narrated as follows:o The applicant should be of 18 years of age or above.
o The minimum income per week should be $418 or $21,736 annually.
o The borrower should have lived for more than six months within the last two residences mentioned in the form.
o The applicant should have worked for more than six months with the last two employers mentioned in the application form.
o The borrower should not have filed for bankruptcy, nor be involved with any ongoing bankruptcy.
o The individual should possess a valid social security number.Many private money lenders advertise their loan products online so sufficient choices are available. Once you submit your application online, the company executive co-ordinates with the potential buyer to get the required documentation and contact details.