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How a Payday Loan Can Make Valentine’s Day Affordable | Cash 4 You®

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Let’s face it, Valentine’s Day can be quite a costly holiday. You will go out of your way to make this special day a memorable one for your significant other, but when you have limited funds, it can be hard to purchase gifts, or even treat your special someone to dinner and drinks. But there’s no need to fret — Cash 4 You® is here to help you when you’re in a pinch! Keep reading to learn how an instant cash money loan can make this Valentine’s Day affordable. Ready to get instantly approved for a payday loan of up to $1,500? Apply now!

What Is a Payday Loan?

Cash 4 You makes it easy to get instantly approved for a payday loan in amounts of up to $1,500 to cover Valentine’s Day expenses. Approval is fast and easy, and we work with individuals of all credit standings. You can apply online, or you can stop by one of our 100+ locations in Ontario to get approved fast. Our simple repayment terms mean that you can pay your loan using your next paycheck. All you need to get approved is:

  • To be at least 18 years of age
  • To be an Ontario resident 
  • To have a government-issued ID
  • To be employed
  • To make a minimum of $250 per net pay
  • To have an active bank account

A payday loan is perfect for smaller purchases and expenses, especially around holidays like Valentine’s Day. Here are five ways this type of personal loan can make Valentine’s Day affordable this year.

Get Instant Access to the Cash You Need

You can get approved for a cash money loan at Cash 4 You in just a few minutes. Once you’re approved, you’ll have instant access to the amount of money you’re borrowing, and can start spending the money how you want to. This means you don’t have to wait until the last minute to get your partner flowers, balloons, chocolates, or something more extravagant.

Purchase Gifts for Your Special Someone

You will have up to $1,500 to spend on your significant other with no questions asked. That’s a lot of dough for spending! You can get them a nice piece of jewelry and treat them to a fancy dinner, or you can even have a whole bunch of flowers and balloons delivered to them at work. Whatever gifts you want to get them, you’ll have the money to fund them without having to rack up costly interest charges on your credit card. 

Put Some Extra Money in Your Bank Account

Once you have bought the perfect gift(s) for your special someone, you can put the remaining money in your bank account to cover a fancy night out on the town, a romantic weekend getaway, or just to hold onto in case of an emergency. Use the money how you want to, when you want to use it.  

Get Approved for a Payday Loan Right Now

Don’t wait until the last minute to get the money you need to make this Valentine’s Day extra awesome for you and your special someone. Rather, get instantly approved for a cash money loan online, or visit a Cash 4 You store near you in Ontario to get your money. We’ll approve your loan fast regardless of your credit history, and we won’t make you jump through flaming hoops to get the cash you need. Simply enter the required information we need to approve your loan, and then get up to $1,500 the same day! Connect with your Top Rated National® money lender in Ontario today! 

How to Recover from Overspending During the Holidays | Cash 4 You

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It’s incredibly easy to go overboard on holiday spending. From buying lots of fun gifts for everyone on your list to going out to nice holiday dinners and celebrating New Year’s Eve in style, the non-stop spending of the holiday season can run your bank account dry. When this happens, it’s very easy to get behind on your monthly bills and have less money to spend on living expenses in the new year. In fact, it can take months or longer to recover from excessive holiday spending — especially when you use high-interest credit cards to help fund your spending.

The new year is the perfect time to buckle down on your budget so that you can recover from going overboard during the holidays. Today, your friends at Cash 4 You have some helpful tips to help you recover from overspending, while also planning ahead so you don’t get into the same predicament next holiday. Check it out!

Assess Your Accounts

The best place to start in your overspending recovery is to assess the damage right away. Look at your bank account, credit cards, and store credit cards to determine how much you spent during the holidays. This list may include:

  • Gifts you bought
  • Dining out
  • Groceries for holiday meals
  • Work and social events
  • Holiday entertainment splurges
  • Vacations and holidays

The last thing you want to do is wait for your bank and credit card statements to arrive, which can throw you into a tailspin of post-holiday stress and anxiety. Check your statements now, making note of the amounts you spent and the amounts you owe. Knowing what you spent can help you prepare for the bills that will be coming due, which can help you budget for them accordingly.

Create a Repayment Strategy

Now that you know what you’ve spent, you can create a solid repayment strategy to eliminate holiday debt. Here are some things to consider for your repayment strategy:

  • Your debt-versus-income ratio
  • Your gross income and your payday schedule
  • How many open and active credit cards you have
  • The amount you have in your savings account
  • The interest rates on your credit cards
  • Your monthly expenses
  • Your lifestyle and spending habits
  • You goal for when you want to have holiday debts paid down or eliminated
  • Note any upcoming purchases you have scheduled

The important thing to keep in mind is that you want to create a strategy that can work for you. Be realistic and work within your budget, using all of your financial means to your advantage. If it is going to take a few months to recover, that is alright as long as it will help you in the end. 

Change Your Spending Habits

Making purchases has never been easier now that you can shop on smartphones without ever having to leave your home. While it is super convenient, after one or two months of shopping on your phone and hitting “Purchase Your Order” without giving it much thought, your brain may still be ready to shop, shop, shop even after the holidays. One way to recover from overspending during the holidays is to change your spending habits right away. Resist the temptation to shop as you were in the days leading up to Christmas, avoid using credit cards to fund purchases, and try to save at least a quarter of the money you spend. Putting a stop to bad spending habits will at least reduce the rate at which your balances due grow.

Start Planning for the Holidays Now

There’s never a bad time to start planning for the holidays. In fact, the sooner, the better. Buy a gift each month that is within your budget to prevent overspending in the weeks before the holidays. Shop after-holiday bargains to get deals on the things you know you’ll need next season. Better yet, use your financial assessment of what you spent this last holiday season to help you start saving money specifically for holiday spending. That way, when the holidays come around you won’t have to dip into your budget, and you won’t have to overspend all at once.

Create a Post-Holiday Emergency Fund

Prevent overspending — and the after-effects of going overboard — by building a holiday emergency fund for yourself. Simply set a small amount of money each month that you can use as a backup after the holidays in case you overspend. Hey, at the very least, if you don’t need those emergency funds after the holidays, you’ll have a nice amount built up for your savings account that you can continue building on. 

Get Instantly Approved for a Payday Loan

One way to get back on track is to apply for a payday loan of up to $1,500 to help you cover bills and living expenses after the holidays. While it may seem counterproductive to take out an instant cash loan, it’s actually a great way to get the money you need while also building your credit in the process. What’s more, people often turn to high-interest credit cards to help them out for the months following the holidays, which only racks up more fees from interest. 

At Cash 4 You, we have designed our payday loans to be simple and sensible in terms of getting instantly approved and repaying your loan. Simply apply for your cash money loan online, or stop by one of our 106 stores located across Ontario. We offer relaxed credit requirements and work with people of all credit standings, which makes it easy to get the money you need when you need it most. Then, you can pay back your loan with your next paycheck. It really is that fast and easy! 

Recover from Holiday Spending Fast

Getting your finances and spending habits back on track after the holidays is easier than you might think — and Cash 4 You is here to help! Follow these handy tips, and if you need some extra cash to get you through, you can get instantly approved for a payday loan in amounts of up to $1,500 today, and be on your way to recovering from holiday spending tomorrow. Connect with Cash 4 You, your Top Rated National® payday loans retailer in Ontario! 

Want to enhance your financial resources, boost your credit, save more money, and learn about all of your loan options? Subscribe to Cash 4 You’s YouTube channel where you can watch handy tips, how to’s, and more to help you improve your financial well-being and strengthen your saving and spending power.

How To Avoid Bad Lending Practices

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Let’s face it. Managing money can be difficult sometimes. When you find yourself short a few dollars, it’s natural to turn toward a payday or installment loan. But if you’re not near your local Cash 4 You store in Ontario, you might have to turn to a lender you haven’t worked with before. In these moments, it’s important that you make smart borrowing decisions so you avoid bad lending practices. To ensure you’re always getting the best lending terms, Cash 4 You has put together this quick-hitting guide.

Make Sure You Know the True Cost of a Loan

When you apply for a loan, it’s always a good idea to take your time and review all of the accompanying paperwork. We understand that no one except lower level bureaucrats enjoys doing paperwork, but it’s especially important for you to do so when taking on a loan. That’s because within the loan terms are the true costs of the loan itself.

Good lenders will happily provide you with everything you need to know about the loan, as well as any risks that you should be aware of before you agree to it. Whenever you apply for a loan, the lender should offer you a loan estimate. This estimate is packed with every detail about the loan and its terms, including your repayment options and timeline, the estimated interest rates, and any other costs. The estimate will also note if there are penalty fees for late payment and if the interest rates can change during the length of the loan.

At Cash 4 You, transparency is standard practice. You’ll never be subjected to any kind of hidden fee, and we won’t add on any expensive products.

Stay Away From Loans That Can’t Be Paid Off

This might sound like an impossibility, but sometimes unscrupulous lenders will structure a loan in a way that makes it quite a challenge to pay off. In some cases, they’ll set up the loan and only charge you interest payments, which keep you from ever paying off the principal of the loan itself. In cases like these, you might get stuck making payments on a loan that never seems to shrink in size.

 

 

In order to avoid getting caught in an endless cycle of loan payments and never making any progress, make sure to take a look at the amortization schedule and ensure that you can actually pay off the loan before you agree to it in the first place. Similarly, if the lender is hesitant to discuss the amortization schedule, or refuses to provide you with one entirely, it’s in your best interest to walk away from the loan agreement.

Be Aware of Inflating Payments

It’s not uncommon for some shady lenders to include stipulations in the agreement that allow them to set “ballooning” payments or payment amounts that slowly grow over time. Some borrowers have been treated to a low monthly payment up front, but have found themselves paying more and more month after month until they’re forced to make one extra large payment at the end of the loan. Lenders set up the loan this way in order to get you to refinance the loan so you can meet the large payments, and so they can make more money off of you.

Like our last tip, make sure to ask to see the amortization schedule. It should outline how much you’re paying each month so you have a clear idea. If the lender will only tell you your initial payment amounts, it’s best to let that lending option float on by without a second glance.

Pay Attention to How a Lender Reacts to Your Finances

First off, no decent lender will ever comment on or try and shame you about your financial situation. We’ve all been in tight spots before. But do measure the lender’s reaction to your finances when you first start talking about lending options. Predatory lenders will be unconcerned about your standing. They’ll find other ways to lend you money and will structure the loans in a way that forces you to pay more fees.

Keep an Eye Out for Deceptive Language

We’ve all heard the brace of doublespeak and legalese that’s at the end of every lender’s advertisements on TV and radio. But hidden within these speedy sentences is a bundle of deceptive language that can trick you into a bad lending situation. For instance, take the phrase “no upfront fees.” This is commonly used by lenders to draw you in, thinking you’re getting a great deal. However, look carefully at the phrase, and you’ll see that only the fees upfront are avoided, anything after that is subjected to fees.

Don’t get wrapped up in the advertising, and instead make sure to get the loan in writing and review it before you agree to it.

Steer Clear of Prepayment Penalties

The fact of the matter is, if you can pay off your loan early, you shouldn’t be punished for it. However, some lenders will do just that. A prepayment penalty means that the lender will assess you a fee if you pay off your loan early. This penalty may be a fixed amount, or it will be a percentage of the remaining loan balance. No matter how they determine this penalty amount, you’re being unfairly treated for your sound financial tactics.

Cash 4 You wants to reward our customers for being financially sound and educated, so you’ll never have to worry about paying an early payment fee when you take out a short-term loan with us.

 

 

Ontario’s Most Trusted Money Lender

Of course, you can avoid all of these dastardly lending tactics simply by visiting the Cash 4 You store closest to you! With more than 100 locations all over Ontario, it’s easy to get the cash you need when you need it. We offer payday loans of up to $1,500 and installment loans for up to $15,000 so you can get the right amount of money for your needs. Start your application online, or see us in person today!