Feb13

When Should You Refinance an Auto Loan?

Posted: February 13, 2019 by Ashley Dull

Although vehicles have gotten smarter and more efficient, their cost has steadily increased to the point that most auto loans extend for more than half a decade. For most folks, however, the cost of buying a vehicle is worth paying, especially when it’s the only reasonable option for getting to and from work.

 

But, worthwhile or not, that high price tag means you need to be smart about how — and how much — you pay for your vehicle. For example, auto loans are a common method of paying for a new vehicle, but a five-figure loan can get expensive, especially when it’s stretched out over the course of six years or more.

 

That’s why the interest rate you’re charged for your loan is so important, as it determines the overall cost of your loan. So, if you got a sour deal when you first took out your loan, you may be paying way more for your vehicle than you could be paying if you refinanced your loan. Of course, not every loan is ready or worth refinancing. Here are a few signs it might be time.

 

When You’ve Improved Your Credit

 

The very best time to refinance any loan, including an auto loan, is when you’ve seen big credit score improvements — at least a few dozen points. That’s because the interest rates you’re offered for any credit product will be heavily dependent upon your credit profile; the better your credit, the better the interest rates you’re offered.

 

For example, a credit score of 600 may qualify you for an auto loan with a 9% interest rate. If your credit score rose from a 600 to a 700, however, you’d likely be able to refinance closer to the 4.5% range. On a $20,000 loan over three years, that difference in interest rates could mean almost $1,500 in savings.

 

There are lots of ways to boost your credit scores, though the quickest is usually to pay down existing debts, particularly if you have any credit cards with high utilization rates. Even something so simple as ensuring you pay all of your debts on time for six months or so can have some large, positive impacts on your credit scores that may result in being offered better interest rates when you refinance.

 

When You Have More Than a Year Left on the Loan

 

Very few loans are free, even refinanced ones. In the majority of cases, you’ll wind up paying some sort of loan fee to refinance your vehicle loan, which means you’ll need to make sure you’ll make up any fees with interest savings. If you only have a few months left on your loan, the chances are low you’ll actually see enough savings from a lower rate to justify the loan cost.

 

The exceptions here are in the math; if you can get a fee-free loan, for instance, then it might be beneficial to refinance. It may also be a good idea to refinance your loan if you can significantly reduce your interest rate (i.e., by more than a couple of points), as the math may then work out in the favor of overall savings.

 

When You Can’t Afford Your Payments

 

In some cases, you may need to refinance even if you can’t get an appreciably better rate so that you can avoid falling behind on your loan. Basically, if you are unable to afford your monthly loan payments, you may be able to refinance your loan with a new loan that has a longer repayment term. By extending the amount of time you take to repay the loan, you can reduce the size of the monthly payments.

 

While this method can be helpful if you are short of options for staying ahead of your loan, it should be considered Plan B — or C, or even Plan D. That’s because every additional month you extend your repayment term will mean another month worth of interest fees, adding more and more to the overall cost of your vehicle.

 

As an example, consider a $20,000 car loan with a 7% APR. If that loan is repaid over four years, the monthly payment would be about $480, and the total interest paid for the loan would be just under $3,000. That same loan repaid over seven years would have a monthly payment of roughly $300 but a total interest cost of over $5,300 — more than a quarter of the amount borrowed.

 

 

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Jan14

How to Set (& Keep) Savings Goals for the New Year

Posted: January 14, 2019 by Ashley Dull

Setting New Year’s resolutions is a time-honored tradition, a reason to really ponder what you want to accomplish in the coming year. Unfortunately, most of us waste the opportunity of a new year on half-hearted resolutions to give up sweets or buy less junk on Amazon — resolutions we tend to break about five minutes after the ball drops.

 

A better strategy for ringing in the new (tax) year is to take time to evaluate the state of your finances and set your savings goals for the year to come. Of course, this means more than simply saying, “I’d like to save more money;” you also need to generate a proper plan. Here are some tips for how to set — and keep — savings goals for the new year.

 

Identify Your Needs & Wants

 

Of course, the very first step in creating an actionable plan for anything is to determine what you actually want to do. When it comes to setting savings goals, this starts with going through your finances to get a look at the big picture. A few questions you should ask yourself:

 

  • How much money is coming in, from where, and how frequently?
  • How much debt is owed, to whom, and at what interest rates?
  • How much do you need to cover your regular expenses (bills, housing, food, etc.)?
  • Do you have enough saved for an emergency or job loss?
  • Are you saving enough for retirement?
  • Will you have any major purchases or expenses (home, car, education) within the next few years?

 

As you list out your answers, be sure to go through all of your financial accounts, including checking, savings, and investment accounts, as well as individual loan and credit card accounts. Also take the time to check all three of your main consumer credit reports to ensure you include all of your current debts.

 

Once you have a general idea of how much money you have to work with, it’s time to prioritize your funds so you can set reasonable goals. In most cases, paying off your debts — particularly any high-interest debts — should have top priority (high interest rates = expensive debt), though an emergency fund and retirement savings should also be near the top of the list.

 

Be S.M.A.R.T.

 

At first, your savings goals will likely be more like ideas than anything actionable. For example, if you have high-interest credit card debt, one of your major goals should be to “Pay off my credit cards.” However, you’re going to need to flesh out your ideas to turn them into real, actionable plans.

 

A common method for developing focused goals goes by the acronym S.M.A.R.T., a system that describes the five things a good goal should be:

 

  • Specific: Your goal has a specific target
  • Measurable: Your goal has a measurable progression
  • Achievable: Your goal includes a plan of action
  • Realistic: Your goal is realistically possible
  • Time-Bound: Your goal has a set end-date

 

For example, say your primary savings goal for the next year is to save up enough to purchase a home. The general goal might be, “I want to buy a house.” However, the S.M.A.R.T. goal would be something like, “I want to save $500 a month so that I will have a total of $6,000 by the end of the year to use as the down payment for a house.”

 

Use Tools & Automation

 

We all know that we should build and maintain a budget to keep on track to our financial goals. But, when many people think of the dreaded “b-word,” they conjure images of spreadsheets full of numbers — not everyone’s favorite thing.

 

These days, however, there’s no need to be afraid of budgeting because there’s an app (or 20) for that. Yes, in a few swipes and taps, you can find dozens of different budgeting and savings apps that can make meeting your savings goals a snap. From basic apps that help you manually track your spending to more complex platforms that connect all of your financial accounts in one spot, there’s a budgeting app out there for nearly any type of saver.

 

But, that’s not the only tool in the modern saver’s belt. You can also take advantage of the same thing used in dozens of different industries to save time and energy: automation.

 

For example, many banks will allow you to set up automatic transfers from your checking account to a savings account; set it up so that a transfer is made right after you get paid so you never have to think about it. Or, try a third-party savings app; the Acorns platform, for instance, will automatically round up purchases made with a linked credit or debit card and invest the difference.

 

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Jul16

The Pros and Cons of Rewards Credit Cards

Posted: July 16, 2018 by Ashley Dull

If you’ve done even a little research into credit cards, then you’ve likely run across a number of blogs and forums with stories about people using credit card rewards to earn big bucks and fund lavish vacations.

 

But what’s the real story? Are credit card rewards really all they’re cracked up to be? The answer is: maybe. As with most things in life, rewards cards have both pros and cons, all of which should be considered before you decide to fill out an application.

 

Pro: You Can Save on Nearly Every Purchase

 

For the rewards card novice, cash back credit cards are the most straightforward and user-friendly place to start. And the most obvious pro to cash back rewards is the ability to save on just about everything.

 

With most cash back cards, you’ll earn cash back with each purchase that can later be redeemed for a statement credit. Cash back rewards are like a rebate good for any credit card purchase.

 

The amount you can earn will vary based on the card you choose and how you spend, with some cards offering big bonus rewards for purchases in popular categories like gas and groceries. And some issuers even have options for credit-builders to earn cash back rewards, so a bad credit score doesn’t have to get in the way of saving on every purchase.

 

Con: Some Cards Have Annual Fees

 

The first major con you’ll encounter with some rewards credit cards is the annual fee. The more rewards, perks, and benefits a card offers, the higher its annual fee is likely to be — but that’s not necessarily a bad thing. In fact, depending on the card, you can often come out ahead of even the highest annual fees.

 

For example, a credit card with a $100 annual fee might seem steep, but if that card offers a high rewards rate in a category you use frequently — say dining or groceries — then you could easily earn more rewards in one year than you spend on the annual fee.

 

Of course, if you won’t get more out of the card than the annual fee is worth, it’s easy enough to avoid; just select a card without an annual fee. Dozens of great rewards cards are available sans annual fee, so you don’t need to pay to earn rewards.

 

Pro: You Can Fly or Stay for Free

 

Another prominent pro of rewards credit cards is the same one you often read about: free travel. If you’ve mastered cash back rewards and want to up your rewards game (and you like to travel) then a points or miles rewards credit card can provide significant value.

 

That’s because points and miles often have variable value based on how you redeem them, with travel redemptions almost always providing the best rate. In most cases, the very best redemption value will come from transferring your credit card points to an airline or hotel loyalty program, which allows you to redeem for free flights and hotel stays with your favorite brands.

 

Most points and miles credit cards offer the ability to maximize your earnings with the right combination of bonus categories, allowing you to rack up rewards at a remarkable rate all year long for your big summer vacation. Plus, the majority of travel rewards credit cards come with large signup bonuses, many of which are valuable enough for free travel right off the bat.

 

Con: Carried Balances Accrue Interest Fees

 

Another caution of rewards credit cards is also true of any credit card: the interest fees. When you use a credit card, you are essentially borrowing money from the card issuer to make a purchase. Interest fees are the cost of borrowing that money. Since credit card interest rates can be high, especially if you have a low credit score, carrying a balance on your credit card can get expensive quickly.

 

However, you can easily avoid being charged interest simply by ensuring you never charge more than you can repay in a single billing cycle. The majority of credit cards operate with an interest fee grace period on new purchases. This means you won’t be charged interest on your balance so long as you pay it in full before your due date.

 

Pro: You Can Get Extra Perks & Benefits

 

As if savings and free travel weren’t enough, rewards credit cards have another big pro: extra perks and benefits. To start, all the major networks — Amex, Discover, Mastercard, and Visa — offer cardholder benefits for most of their rewards credit cards that can include perks like primary or secondary rental car insurance and concierge services.

 

Additionally, rewards credit card issuers also provide many money-saving cardholder benefits and useful perks, including things like cellphone protection and exclusive discounts. Travel rewards credit cards, in particular, are much-lauded for their extensive cardholder benefits that can include elite hotel or airline status, annual statement credits, and airport lounge access.

 

 

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May01

Paying for Car Repairs with Poor Credit

Posted: May 1, 2018 by Ashley Dull

While few people are overjoyed about the three- to four-figure sums that typically accompany auto repairs, the cost of getting back on the road can be downright terrifying for those without enough emergency savings.

 

Auto repairs can be particularly troublesome for poor-credit consumers who may have a hard time finding the financing they need to cover the costs. But a few options out there can help make repairs possible, some of which won’t require a deposit.

 

Use a Personal Installment Loan for Large Repairs

 

Given that the average auto repair comes in at more than $500, the bill your mechanic hands over can easily reach into the thousands. When you need to finance a sizeable chunk of money, a personal installment loan is almost always your best bet because they can be repaid through monthly payments over time.

 

Installment loans can be obtained in larger amounts than most other types of financing, typically ranging from $500 up to $35,000.  Repayment terms for most personal installment loans will range from six months up to six years. Most personal loans won’t require a deposit or collateral and can often be dispersed as soon as one business day.

 

While most mainstream lenders will prefer at least good credit for a personal loan, online lending networks can help you find lenders with flexible credit requirements. BadCredit.org’s expert-rated list of personal loan providers have large network of lenders to help you find a loan that can meet your individual needs and credit profile.

 

Use a Credit Card for Small Repairs

 

Depending on the size of your repair bill, it may be feasible to use a credit card to cover the cost. This is especially true in cases where you just need financing for a few weeks, as nearly all credit cards will offer a grace period of one billing cycle to pay off your balance before you’re charged interest.

 

At the same time, credit cards aren’t recommended for long-term financing, as they tend to have high interest rates, particularly subprime credit cards that often have APRs over 25%. Of course, even the high APRs charged by credit cards will be significantly less than that charged by a short-term or cash advance loan, which can have APRs of three digits or more.
When to Replace Instead of Repair

 

Depending on the extent of the repairs — and the state of your credit — you may be better off replacing your vehicle than putting thousands into a bottomless pit of mechanical misery. If you can get poor-credit auto financing and find an affordable car that is newer and in better condition than your current vehicle, it may be a better investment to upgrade rather than repair.

 

That being said, buying another car is a bad idea if you still owe money on your current vehicle (unless you can reasonably sell it — make sure to disclose the needed repairs in your ad). Some dealers may accept a less-than-pristine car as a trade-in, but others will likely balk at one in need of certain high-cost repairs.

 

You should also consider any additional insurance costs that you may incur from obtaining a newer car. If possible, look for vehicles that still have an active manufacturer’s warranty for the most purchase security.

 

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Mar19

When it’s Time to Cancel a Credit Card

Posted: March 19, 2018 by Ashley Dull

From the time we start building credit in our late teens or early 20s, many of us start collecting credit cards. Those credit cards inevitably begin to pile up, quickly overtaking even the most robust wallet.

 

By the time you can hardly sit for the bulk of your billfold, the idea of canceling a card or two starts to look pretty good. Even if your card collection has maintained a manageable size, you may need to consider whether it’s time for an upgrade; as your credit grows and financial needs change over time, your old cards may not be the best fit anymore.

 

For the most part, an unused credit card does little more harm than take up a slot in your wallet, and it may actually be helping your credit. That being said, there are two important reasons you may want to consider canceling a credit card: high fees or high interest rates.

 

To Stop Paying Unnecessary Annual Fees

 

The most pressing reason to close a credit card that isn’t pulling its weight is if it charges an annual fee. For example, while instant-approval credit cards can help build credit, they aren’t cards you want to hold on to forever due to the high annual and monthly fees they typically charge. If you’ve used the card responsibly, your credit score should increase enough to qualify for a better, fee-free card so you can leave the costly credit-builder behind.

 

At the other end of the spectrum, many elite rewards credit cards will charge high annual fees, with $400 to $500 fees not uncommon. While these cards often come with rewards and benefits that can make them worth the annual fee to some users, those who fail to make the most of the extra benefits may not be getting their money’s worth out of the annual fee. If you can’t justify the fee, cancel the card before your next fee is charged and look for a better fit.

 

To Avoid Paying High Interest Fees

 

The other main reason you may consider closing a credit card is if it charges a high interest rate. Although a card’s interest rate won’t typically matter if you never carry a balance, the temptation to use a credit card is always there so long as you have the card. If you have credit cards with interest rates above 20%, you may want to consider canceling the card and replacing it with one that offers a lower ongoing APR.

 

Credit Impacts to Consider Before You Cancel

 

While there are several good reasons to cancel an unused credit card, there is one solid reason to consider leaving it open: your credit score. Yes, closing a credit card account can potentially lower your credit score.

 

The impact of closing a credit card may be seen in several facets of your credit score, with the primary impact being to your utilization rate. FICO considers both your individual utilization rates as well as your overall utilization rate when calculating your score. Reducing your total available credit by canceling a credit card can increase your utilization rate if you currently have other credit card debt.

 

Other important FICO score factors can also be impacted by canceling a credit card, albeit to lesser degrees. Your average account age and overall credit history length (jointly worth 15% of your FICO score) can be reduced by canceling a card, particularly one that you’ve had for many years. While positive credit accounts will remain on your credit report for up to 10 years after they’re closed, closing very old accounts can have negative score impacts.

 

Lastly, creditors like to see a mix of several credit accounts and different types of accounts, as it shows you can handle a variety of credit products. As such, your overall credit mix, worth 10% of your credit score, can also be hurt by canceling a credit card, especially if you do not have very many other credit accounts.

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Feb27

How to Best Use Your Tax Refund to Pay Down Debt

Posted: February 27, 2018 by Ashley Dull

Despite the fact that it starts out as our money in the first place, it’s all too easy to think of your tax refund as “bonus” money. Once you know that check or direct deposit is on its way, you may be tempted to start daydreaming of a new big screen or that oft-postponed family vacation. Before you start shopping or packing, however, you should consider the positive impact that refund can have on your bottom line, particularly if you have outstanding debt.

 

Once you’ve made the (wise, smart, excellent) decision to use your refund to tackle your current debt, you’ll need to determine the best way to distribute the funds. When it comes to prioritizing debts for repayment, there are two main methods that experts recommend, each with a fun winter-themed name: the avalanche method and the snowball method. While both debt prioritization methods can give you the desired results (i.e., no more debt) the methods may vary in the amount of time it takes to reach debt freedom, as well as the total cost to get there.

 

The Avalanche Method

 

In general, the avalanche method is most commonly recommended because it will save you the most money during the repayment process. That’s because you’ll essentially be paying off your debts in the order of expense, with the most expensive debt being addressed first.

 

To follow the avalanche method, you’ll need to list your debts in order of the interest they charge, starting with the debt with the highest interest rate, then the next-highest rate, and so on. For example, any cash advance or short-term loans or high-interest credit cards will likely be at the top of the list, and lower-interest installment loans or introductory 0% APR credit cards will be at the bottom of the list.

 

While you’ll need to make your minimum required payment for all your debts, you’ll focus any extra money — in this case, your tax refund — on the debt with the highest APR. If your tax refund is enough to pay off your highest-interest debt, apply the remainder to the debt with the next-highest APR.

 

As you pay off each debt and cross it off the list, use the money you were putting toward that debt to pay off the next debt on the list. By the time you reach your final debt, which will be the one with the lowest interest rate, you’ll have freed up funds from your previous debts and should be able to pay it off fairly quickly.

 

The Snowball Method

 

Although the snowball method isn’t the most cost effective of the two prioritization plans, research has shown that it may be the more successful method for many consumers. This is thanks to the motivational boost you get from paying off a debt and crossing it off your list.

 

To follow the snowball method, you’ll need to list your debts in order of how much you owe for each debt, starting with the smallest debt, then the next-smallest debt, and so on. So, if you had three debts with amounts of $5,000, $1,300, and $2,700, you’d pay them off starting with the $1,300 debt, then the $2,700, then the $5,000.

 

As with the avalanche method, you’ll need to make your minimum required payments for all of your debts, but you’ll focus any extra funds — including your income tax refund — on the smallest debt first. If your tax refund is enough to pay off this debt entirely, apply the remaining refund to the next debt on the list (and so on).

 

By focusing on your smallest debt first, you’ll be able to pay it off very quickly, giving you a feeling of progress and an important boost in motivation, which can help you stay on track and keep to your debt repayment plan. As you pay off debts, roll the money you were spending on each finished debt into the next debt. By the time you reach your last and largest debt, you’ll likely be applying a significant amount of money to that debt, making paying it down a realistic idea (rather than a simply overwhelming one).

 

Your Best Method Will Depend on You

 

While the avalanche and snowball methods can both be effective ways to prioritize your debt and start paying it off, every consumer’s financial situation is unique. The best way to use your tax refund to pay down debt may involve a combination of the two methods, or may not be according to either method. So long as you are actively working to pay down your debt — and are making at least your minimum payments to avoid credit damage — the specific method you choose is less important than the fact you are working toward debt freedom.

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Jan12

When to Consolidate Credit Card Debt

Posted: January 12, 2018 by Ashley Dull

In the early days of the internet, getting an email was an event. The friendly little voice informed you that, “You’ve got mail!” and we hurried to click the icon and explore our digital deliveries. These days, the novelty of electronic mail has long since worn off, and checking your email tends to be about as exciting as opening the mailbox to a stack of bills — mostly because those bills have wormed their way into our email inboxes.

Indeed, depending on your situation, that digital stack of bills can be just as overwhelming as their paper-printed ancestors. And when you have a series of debts that bring in a few too many bills — or just a single, larger bill with a few too many digits — your inbox can be a daily reminder that something needs to be done.

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Nov30

How to Determine the Cost of a Loan

Posted: November 30, 2017 by Ashley Dull

In a perfect world, everyone would have the cash necessary to self-finance important purchases, and debt would be a thing of the past. Unfortunately, we live in the real world, where borrowing is often a necessary part of everyday financial life.

With that being the case, it’s important to understand as much about the borrowing process as possible, not only to avoid the inevitable credit damage from bad financial decisions, but to also avoid paying far more for financial products than you really should. This is especially important for borrowers with poor credit who are already looking at higher-than-average financing costs.

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Oct12

What to Look For in a Loan

Posted: October 12, 2017 by Ashley Dull

If there’s one thing to be said about the modern world of consumer credit, it’s that the product options are abundant. While this is great for consumers looking for the best deal, sometimes there is such a thing as too many options (a dilemma quite familiar to anyone who has had the pleasure of waiting 15 minutes for the person ahead of them in line to order coffee).

Even something as seemingly simple as taking out a loan can turn into a series of decisions that require not only a bit of thought, but a bit of knowledge, as well. For instance, each type of loan, be it a mortgage, auto, student, or personal loan, has its own variations. Do you want a conventional mortgage or an FHA-backed loan? Should you get federally financed student loans, or private ones?

Beyond the peculiarities inherent in each type of loan, the majority of installment loans operate in the same general fashion, and each will be influenced by the same basic factors. Namely, your loan terms will primarily consist of your principal (how much you’re borrowing), the interest rate, often given as an annual percentage rate (APR), the loan length — how many months you’ll make payments — and the resulting monthly payment.

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Aug25

What Lenders Look for on Your Credit Report

Posted: August 25, 2017 by Ashley Dull

At the point in history when lending occurred primarily within families and small communities, many borrowers likely knew their lender — and his or her spouse and children — by name. In those days, your personal creditworthiness likely depended as much on your reputation among your neighbors as it did on your actual financial status.

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Dec11

BadCreditLoans.com Supports The Kansas Council For Economic EducationBadCreditLoans.com, a leading installment loans website, is supporting the KCEE as a 2013 sponsor to help make financial literacy a priority in schools.

Posted: December 11, 2012 by Ashley Dull

SEATTLE, WA (December 11, 2012) – BadCreditLoans.com, a leading installment loans website, announced today they would support the Kansas Council For Economic Education (KCEE) as a 2013 sponsor to help make financial literacy a priority in schools. The KCEE equips teachers to educate Kansas’ students in grades K-12 in economics and personal finance.

“We are pleased to sponsor the Kansas Council for Economic Education,” a BadCreditLoans.com spokesperson said. “Understanding how to use money wisely is extremely important. We hope our support helps the KCEE to empower students by providing the resources and education they need to be fiscally responsible.”

The KCEE strives to reach as many students as possible by training their teachers and providing all of the standards-based curriculum materials and lesson plans that are needed to teach personal finance and economics. They train teachers directly through workshops and webinars, as well as provide tuition assistance to enable certified Kansas teachers to take courses for graduate credit through their affiliated Centers for Economic Education. The KCEE is affiliated with all of Kansas’ six state universities and is hosted by the W. Frank Barton School of Business at Wichita State University.

The KCEE helps school districts in designing dedicated courses and incorporating economics and personal finance into the curricula starting in kindergarten by including the concepts in math, business, social studies, family and consumer sciences, and other subjects. Their vision is that, through economic and financial literacy, Kansas’ students will become more knowledgeable consumers, wiser savers and investors, more responsible citizens, and better employees. For more information, visit www.kcee.wichita.edu.

For media inquiries on BadCreditLoans.com please contact Kelsey McBride at kelsey@livepr.com or 310-765-7500.

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About Bad Credit Loans

Bad Credit Loans has been in the business of helping people since 1998. The website makes it easy for consumers to get the funds they are looking for from the convenience of their desktop computer or mobile device. Bad Credit Loans can connect you to a lender in our network no matter what type of loan you may need and regardless of your credit history. Many types of loans are available including personal, business, mortgage, home, student, and auto loans. For more information, visit http://www.badcreditloans.com/

 

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Oct09

BadCreditLoans.com Sponsors Get Your Rear in Gear Seattle 5K Run/WalkSeattle-based BadCreditLoans.com sponsors Get Your Rear In Gear, a 5K on November 4, 2012 to generate greater awareness of colon cancer and provide screenings to those who might otherwise be unable to afford them.

Posted: October 9, 2012 by Ashley Dull

SEATTLE, WA (October 9, 2012) – BadCreditLoans.com, a leading installment loans website, announced today they would sponsor the Colon Cancer Coalition’s Get Your Rear in Gear – Seattle, a 5K run/walk on November 4, 2012, to generate greater awareness of colon cancer and provide screenings to those who might otherwise be unable to afford them.

“Our hope is that this support will increase awareness of colon cancer in the local community, encourage individuals of all ages to get screened, and inspire others to support their local cancer prevention organization,” says BadCreditLoans.com spokesperson Matt Becker.

Colon and rectal cancer is the second leading cause of cancer deaths in the United States and the leading cause of cancer deaths among non-smokers.

“There are numerous ways individuals can get involved to make a difference in the fight against cancer. Whether it’s volunteering to give a cancer patient a ride to chemotherapy, making a donation, or getting involved with local events in your community,” added Matt Becker.

With nearly 40 nationwide races, the Colon Cancer Coalition has become a leading source for colon cancer education and awareness. They are working together with health care providers, corporations and the media, to encourage people to “Get Your Rear in Gear” and talk about colon cancer with their doctor, their loved ones and everyone they know.

Get Your Rear in Gear is bigger then just a message for colon cancer; it is a message for all of us to take action, lead longer healthier lives, go to the doctor regularly, to listen to our bodies when something isn’t right and to get the right answers, regardless of age.

The race takes place in Marymoor Park. For more information, visit  http://getyourrearingear.com/Seattle

“Giving back to the local community has always been a big part of our companies mission,” says Matt Becker. “We make a conscious effort to consistently support charitable causes and nonprofit organizations.” Recently, BadCreditLoans.com also sponsored Lungevity’s Breathe Deep Seattle, One World Roller Derby, and Ginger’s Pet Rescue. To learn more, visit http://www.badcreditloans.com/

For media inquiries please contact Kelsey McBride at kelsey@livepr.com or 206-486-0496.

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About Bad Credit Loans

Bad Credit Loans has been in the business of helping people since 1998. The website makes it easy for consumers to get the funds they are looking for from the convenience of their desktop computer or mobile device. Bad Credit Loans can connect you to a lender in our network no matter what type of loan you may need and regardless of your credit history. For more information, visit http://www.badcreditloans.com/

 

About the Colon Cancer Coalition / Get Your Rear in Gear

Get Your Rear in Gear events are presented nationally by the Colon Cancer Coalition, a non-profit organization based in Minneapolis. The events are 100% volunteer-driven in communities throughout the United States. To date the Colon Cancer Coalition has distributed nearly $1.5 million from the Get Your Rear in Gear events back into local communities for colon cancer education, prevention, and screening. By making the words colon, colorectal and colonoscopy a part of the everyday language, we believe we can overcome the fear and decrease deaths from this largely preventable cancer.  A history of the organization, upcoming events, and a list of programs receiving funding from the Colon Cancer Coalition can be found at GetYourRearInGear.com.

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Oct02

Bad Credit Loans Proudly Supports Seattle CommunityIn an effort to support local organizations in Seattle, Bad Credit Loans helps with more than just loans.

Posted: October 2, 2012 by Ashley Dull

Seattle-based BadCreditLoans.com, one of the leading companies in providing loans to consumers with poor credit, is actively involved in helping meet the needs of organizations in Seattle. Bad Credit Loans helps consumers obtain many different types of loans, including personal loans, auto loans and home loans, but the company is becoming well known for supporting charitable causes.

Bad Credit Loans has supported LUNGevity’s Breathe Deep Seattle, a 5k to raise funds for lung cancer research, and Ginger’s Pet Rescue, a nonprofit operation that specializes in saving dogs from being euthanized and finding new homes for them around western Washington. In addition, Bad Credit Loans made a donation to OneWorld Roller Derby and sponsored skater Susie Wu, also known as Wu’s Your Momma, on the Seattle Tsunami team. Most recently, Bad Credit Loans is sponsoring the Colon Cancer Coalition’s Get Your Rear In Gear, a 5k in Seattle to generate greater awareness of colon cancer and provide screenings to those who might otherwise be unable to afford them.

Bad Credit Loans helps people who are struggling in these tough economic times with loans for unanticipated urgent expenses by connecting them to a lender in our network so they can get the cash they need and get back on track quickly and responsibly.

“We’ll help you access funds to pay off past-due bills, fix the car, or take care of whatever is holding you back—today,” says Matt Becker, a company spokesperson. “At Bad Credit Loans we help customers with their financial needs, but we also strive to make a difference for the people in our community by giving back.”

About Bad Credit Loans

Bad Credit Loans connects consumers to a lender in our network regardless of credit history. Many types of loans are available including personal, business, mortgage, home, student, and auto loans. The application process is quick and convenient. Prospective borrowers can complete a brief application online and will generally be approved within minutes. At that point, they will be presented with a number of competitive loan offers from various local lenders who are part of the extensive BadCreditLoans.com network. There is no fee to use the service and no obligation to take a loan. For more information, visit http://www.badcreditloans.com/

For media inquiries please contact Kelsey McBride at kelsey@livepr.com or 805.807.9027.

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Oct01

Bad Credit Loans Announces Launch of New ArticleReaders Can Now Learn About Fair Lending Practices Easily

Posted: October 1, 2012 by Ashley Dull

In an effort to help consumers troubled by financial difficulties, Bad Credit Loans is introducing a new educational feature called “Policy on Responsible Lending” to its website. This feature explains in detail the governmental regulations and fair lending laws in place to protect would-be borrowers against predatory lenders, discussing laws such as the Dodd-Frank Wall Street Reform Act, the Truth in Lending Act and the Fair Debt Collection Practices Act.

“An educated consumer is a smart consumer,” says company spokesperson Rachel Lambert. “When borrowers learn what to expect from lenders, they are better equipped to review the contracts and offers received and make the best possible choice. We want consumers to feel secure about their decision to borrow money from our affiliated lenders, and keeping them informed is the best way for us to make sure that’s the case.”

Although Bad Credit Loans helps consumers acquire many different types of loans, including business loans, auto loans and home loans, the company perhaps is best known for connecting people with personal loans. These small, loans are easy to apply for because potential borrowers only need to meet a few eligibility requirements and don’t have to offer any collateral or present a credit score, and the application process can be completed without ever leaving home.

Applications are processed almost immediately upon receipt and consumers can be approved for a loan in just minutes. Bad Credit Loans’ website is 100 percent secure and any personal information that individuals submit during the application process remains private and protected at all times.

Once a consumer has been approved by Bad Credit Loans, they are then normally presented with a number of offers from different lenders and given the opportunity to compare rates and terms. The federal Truth in Lending Act requires that lenders provide all information about their rates and terms upfront. This means consumers never have to worry about unexpected charges later on. Even late fees are specified in advance, in case of loan default.

Consumers who agree to the terms can then sign the contract electronically and expect loan funds to be directly deposited into their bank account within no more than one business day. The lenders who work with Bad Credit Loans offer loans in amounts ranging from $100 to $1,000. Neither the company nor the lenders ever ask what borrowers are going to use their funds for, although most borrowers generally use the money to cover an emergency expense or pay off a late bill.

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Aug31

BadCreditLoans.com Sponsors OneWorld Roller Derby And Skater Susie WuSeattle-based BadCreditLoans.com, a leading installment loans website, sponsors OneWorld Roller Derby and skater Susie Wu on the Seattle Tsunami team.

Posted: August 31, 2012 by Ashley Dull

Seattle, WA (August 30, 2012) – Seattle-based BadCreditLoans.com, a leading installment loans website that connects consumers to a lender in our network regardless of credit history, has just made a monetary donation to OneWorld Roller Derby and sponsored skater Susie Wu, also known as Wu’s Your Momma, on the Seattle Tsunami team.

OneWorld Roller Derby is part of the Old School Derby Association amateur division. They have four teams in Seattle – Bellevue Brawl, Bellevue Wretched Excess, Seattle Sonic Boom, and Seattle Tsunami.

OneWorld Roller Derby’s mission is to contribute to personal health and wellness for all participants by creating a safe environment to learn, increase self-confidence, realize potential, make social connections and experience overall growth through the sport of Roller Derby with an emphasis on sportsmanship, positive attitudes and athleticism.

“We are happy to be a supporter of OneWorld Roller Derby,” says Herbert Smith, spokesperson for Bad Credit Loans.  “At Bad Credit Loans we strongly believe in giving back and supporting the local community.”

Bad Credit Loans also recently sponsored Breathe Deep Seattle, a 5k to raise funds for lung cancer research, and Ginger’s Pet Rescue, a nonprofit operation that specializes in saving dogs from being euthanized and finding new homes for them around western Washington.

Bad Credit Loans helps people who are struggling in these tough economic times with loans for unanticipated urgent expenses. As their name implies, the company specializes in providing loans to people with poor credit or even no credit at all. Many types of loans are available including personal, business, mortgage, home, student, and auto loans.

“In today’s world, it’s become all too easy to get trapped by finances,” says Herbert Smith. “Our company is committed to helping consumers weather a financial emergency by connecting them to a lender in our network so they can get the cash they need and get back on track quickly and responsibly. We’ll help you access funds to pay off past-due bills, fix the car, or take care of whatever is holding you back—today.”

On the Bad Credit Loans website borrowers complete a brief online application that requires them to simply input a few basic pieces of personal information and financial details. Generally, they will be approved just a few minutes after that, and will be presented with a number of competitive loan offers from various local lenders. Once they decide on a particular offer, and an approval has been received, they can get their loan funds directly deposited into their bank account — within no more than one business day. For more information, visit http://www.badcreditloans.com/

For media inquiries please contact Kelsey McBride at kelsey@livepr.com or 805.807.9027.

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Aug21

BadCreditLoans.com Sponsors 12th Annual Texas Potjie FestivalBadCreditLoans.com sponsors the Texas Potjie Festival, a celebration of South African culture in Rusk, TX from August 31 - September 3, 2012.

Posted: August 21, 2012 by Ashley Dull

BadCreditLoans.com, a leading provider of installment loans, today announced its sponsorship of the Texas Potjie Festival, an annual South African potjiekos cooking festival from August 31 through September 3, 2012. This year the Texas Potjie Festival will take place at the KOA Campground in Rusk, TX.

BadCreditLoans.com connects consumers to a lender in our network regardless of credit history. Many types of loans are available including personal, business, mortgage, home, student, and auto loans.

The entire lending process conducted through BadCreditLoans.com, from application to loan disbursement, has been designed to be easy, quick and convenient. After completing a brief online application, prospective borrowers are presented with a number of competitive loan offers from various local lenders who are part of the extensive BadCreditLoans.com lender network.

Most people use BadCreditLoans.com to get money to deal with unexpected emergency expenses and urgent bills. Some of the most common uses for the funds include medical treatment, auto repairs, home repairs and taking care of outstanding debts.

Loans can be directly deposited into the borrowers bank account within no more than one business day. There is no fee to use the service and there is no obligation to take any loan that is approved. For more information, visit http://www.badcreditloans.com/

“We believe in the importance of giving back and are happy to contribute a donation to support the 12th annual Texas Potjie Festival,” says BadCreditLoans.com spokesperson Matt Becker.

South Africans from Texas and far beyond get together at the Potjie Festival for a weekend of camping and traditional South African cooking competitions using a potjie, a 3 legged cast-iron pot brought to Texas by South African immigrants, to celebrate South African heritage. The festival features foods such as boerewors, droerwors, biltong, and koeksusters.

On Saturday there are two competitions, the Boerewors competition and the Biltong competition. On Sunday competitions include a bread competition, dessert competition, the main potjie competition, and an open potjie competition. Prepared entries are submitted to a judging panel at a predetermined time for judging. The final competition category, a non-cooking category that also takes place on Sunday, is the cooksite competition. Contestants’ campsites are judged for things like traditional originality, effort, and spirit. A prize-giving for competitions is held on the Sunday evening.

During the weekend there are several other activities, including a “sokkie” (dance), cricket match and Afrikaans church service. For more information, visit http://texaspotjie.com/

For media inquiries please contact Kelsey McBride at kelsey@livepr.com or 206-486-0496.

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Aug15

BadCreditLoans.com Proudly Sponsors LUNGevity’s Breathe Deep SeattleSeattle-based BadCreditLoans.com is a bronze sponsor of Breathe Deep Seattle, a 5K on August 11, 2012 to raise funds for lung cancer research.

Posted: August 15, 2012 by Ashley Dull

Seattle, WA (August 7, 2012) – Seattle-based BadCreditLoans.com, a leading installment loans website that connects consumers to a lender in our network regardless of credit history, has just made a monetary donation to Breathe Deep Seattle, a 5K on August 11, 2012 in Lincoln Park to raise funds for lung cancer research. The donation will contribute to LUNGevity Foundation, the nation’s largest lung cancer-focused nonprofit, to raise awareness and funds for more effective treatments for the nation’s number one cancer killer.

LUNGevity Foundation supports research into the early detection and successful treatment of lung cancer.  LUNGevity also provides information, resources and a supportive community that enhances the quality of life for patients and caregivers.

“We are pleased to provide support for lung cancer research through this contribution to Breathe Deep Seattle,” says BadCreditLoans.com spokesperson Matt Becker. “This donation aligns with our overall goal of continually giving back to the local community and helping charitable causes.”

BadCreditLoans.com helps people who are struggling in these tough economic times with emergency loans. As BadCreditLoans.com name implies, the company specializes in providing loans to people with poor credit or even no credit at all. Many types of loans are available including personal, business, mortgage, home, student, and auto loans.

Most payday loan borrowers use the money to deal with unexpected emergency expenses and urgent bills like medical treatment and auto or home repairs. Borrowers have flexibility to use the funds to meet a wide range of debts.

Bad Credit Loans helps borrowers get the funds they need from the convenience of their desktop computer or mobile device, making the process fast and hassle free. There is no fee to use the service and there is no obligation to take any loan that is approved. For more information, visit http://www.badcreditloans.com/

1 in 14 Americans is diagnosed with lung cancer in their lifetime. The mission of LUNGevity Foundation is to improve lung cancer survival rates, ensure a higher quality of life for lung cancer patients, and provide a community for those impacted by lung cancer. For more information on Breathe Deep Seattle, visit www.lungevity.org/seattle

For media inquiries please contact Kelsey McBride at kelsey@livepr.com or 206-486-0496.

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Aug14

BadCreditLoans.com Donates Dollars to Help DogsContribution Aids Effort to Save Pets in Seattle

Posted: August 14, 2012 by Ashley Dull

Seattle, WA (August 6, 2012) – Seattle-based BadCreditLoans.com, which has gained a reputation for being one of the leading companies in providing previously underserved consumers across the country with access to fast loans, has just made a generous monetary donation to Ginger’s Pet Rescue, a nonprofit operation that specializes in saving dogs which are due to be euthanized and finding new homes for them around western Washington. The donation represents just the latest effort by BadCreditLoans.com to devote financial resources to helping worthy charitable causes throughout the Seattle area.

“We at BadCreditLoans.com have a long history of giving back to the local community,” says BadCreditLoans.com spokesperson Mitch Phillips. “We firmly believe in the importance of contributing to organizations that are doing work which benefits society and helps change lives for the better. Ginger’s Pet Rescue is a perfect example of such an organization, and we are very pleased to be able to give it our financial support.”

As a website, BadCreditLoans.com has made it its mission to help as many consumers in need as it possibly can with quick cash advances, and as its name implies, it specializes in providing loans to people with poor credit or even no credit at all. Individuals interested in acquiring one of these bad credit loans do not have to present a credit score to the company at any time during the lending process. Additionally, they are not required to put up any collateral to get help, and they only have to meet a few basic requirements in order to be considered eligible for loan funds. Among these requirements are that they must be at least 18 years old, be either a U.S. citizen or legal resident, have a steady income of at least $1,000/month after taxes, and have a checking account in their name.

The entire lending process conducted through BadCreditLoans.com, from application to loan disbursement, has been designed to be easy, quick and convenient. To get the process started, prospective borrowers just need to take a few minutes to complete a brief online application that requires them to simply input a few basic pieces of personal information and financial details. Generally, they will be approved just a few minutes after that, and then they will presented with a number of competitive loan offers from various local lenders who are part of the extensive BadCreditLoans.com lender network. Once they decide on a particular offer, and an approval has been received, they can get their loan funds directly deposited into their bank account — within no more than one business day.

Although loan borrowers are able to utilize their funds for whatever purpose they choose, most use the money to deal with unexpected emergency expenses and urgent bills. Some of the most common uses for the funds include medical treatment, auto repairs, home repairs and taking care of outstanding debts.

For media inquiries please contact Kelsey McBride at kelsey@livepr.com or 206-486-0496.

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