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Locked in the house, try Payday Loan Consolidation

Locked in the house! What do we do with the family and the kids?

Yesterday, March 16th 2020 this surreal world just got a little stranger. The president and his staff came out with the 15-day plan to flatten the curve of the coronavirus. The key to it all is not to overwhelm our healthcare system. We don’t want what’s happening in Italy to happen in the United States. People are dying in Europe, and doctors are having to make incredibly difficult choices because they don’t have the equipment they need to help all their patients at once. Too many patients and not enough equipment. The administration was very positive yesterday expressing, that if we all do our job, by sticking to this 15-day plan, we can stave off many deaths and much suffering. So we’re here in the worst case scenario with the premise of the theme behind the Presidents strategy being to cut out as much social integration as possible. There’s a good chance that you’re out of work right now and voluntarily being confined to your home. Whether it be with the kids or not it can become a long, arduous and lonely ordeal. The way I look at it is, we’re almost donating 3 or 4 months of our lives so we can save them, and live for many years to come. For many, money is going to be tight. Bills need to be paid and more than likely they’ll be some sort of financial relief from the government over and above unemployment.

Following the regulations that are set forth by the government is something we all have to do together. It comes down to a choice. Given that we’re going to be staying home much of the time we can either be happy or sad. Watching the news all day is not good. Bad news is sad. I’d like to make some really good suggestions about how to spend this down time. Some of the things that I’m going to tell you you will find surprising.

NBC Universal which is the national broadcasting network’s movie division has decided that they’re going to release first-run films to stream at home. They’re going to charge us for it and I’ll get into that in the moment but it’s a bargain. Their reasons are not entirely altruistic. They have product and nowhere to exhibit it. Movie theaters are entirely closed in 32 or more markets overseas and partially closed in another 15 territories. Aside from the New York and Los Angeles where theaters have already gone dark, many states have ordered that there be no public gatherings of more than 10 people. Originally it was 50 and then reduced to 10. Ten people in a movie theater watching a first-run film doesn’t turn a profit. It doesn’t even make back the cost of making the film, nor does it put money in the theaters pockets.

The studios walk a thin line because of their partnership with the distributors and the theaters that show their films. Given that the theaters are not able to show the films right now, Universal has become the first studio to release their brand new films on streaming video. These films will include The HuntThe Invisible Man as well as focus features, EmmaUniversal says that they will continue to evaluate the decision as indicated by what’s going on in the country. As I said before this is not an altruistic decision but it’s a decision that’s a good one. The studio can make back a good portion of the cost of a film and entertain the public with something brand new. I know for sure, that Amazon prime will be streaming these films. Given that money is tight at home it’s a great deal for everyone involved. Consumers and studios. They’re charging $19.95 to stream these films. At first glance that might sound like a lot of money. Especially when you can rent movies online from 1.99 to 5.99 each. Here’s the thing. How much does it cost to take a family of four to see a brand new film? Round numbers…. Perhaps an average of $10 a ticket figuring children’s prices along with the adults. In addition the overpriced snacks end up costing another $25 or $30 minimum. To say it costs $75 for a family of four to go to the movies in 2020 might just be an understatement. For the sake of this post let’s say it’s not. Consequently there’s a $35 savings just by staying home and watching these films. All the snacks are in the refrigerator or the pantry. Obviously that saves you from paying $4 for a large soda and five or six dollars for a large popcorn. it’s a really good deal to entertain the family for a couple of hours and more importantly to entertain yourself and forget about life for a while. I was shocked to hear this .I never thought it would happen because it would be precedent-setting but we live in times that are uncharted and sometimes things like this must be done on the fly.

There are also many other things to do that don’t cost money. Things that you’ve been meaning to do for years and just never got around to doing. Psychiatrists and psychologists have been saying that exercise is the key to not being depressed. It also gets you out in the sun for a little while, especially if you take a nice long walk. Pop in your earphones and take a walk around the neighborhood for a half hour. Just keep in mind that we are trying to keep our “social distance from people” and make sure you do that just to be safe. You won’t insult anybody. They want to keep their distance too. There are too many benefits not to engage in this act. Benefit number one is getting out of the house. The next benefit is the walk itself which is exercise. When you’re exercising your body releases chemicals that actually make you feel good. In addition exercise and the vitamin D you’ll get from being out in the sun are major contributors in strengthening your immune system which certainly helps you during a flu pandemic. Try doing this three or four times a week for a half an hour. You’ll be glad you did.

Read a book. Come on, there has to be a book out there that you’ve wanted to read for the longest time but because of your obligations to work, your husband and the kids you haven’t. The time to do it is now. Most ebooks are less than $5 and older titles are free. If you want a new release and you have your heart set on that book, go to Amazon and see if you can find it used. Nothing like getting lost in a fantastic book. I’d recommend reading Stephen King’s, The Stand, but unfortunately it’s about a virus that wipes out most of the world and we don’t want to be reading stuff like that now. Best novel ever written. We’re not in that situation and this is not Armageddon. This situation will pass by midsummer latest.

I hate going back to the TV for a moment but if you want to keep the kids occupied during the day, and yourself at night there’s still no better buy than the $17 a month that Netflix charges you for their service. There’s just so much to watch and their original content is just great. I highly recommend it.

Even as I write this I think to myself it seems very strange to be recommending activities to people when they should be working but we live in a strange time right now. We are in uncharted waters and there’s nobody alive that would remember the Spanish Flu epidemic of 1918. With this virus we just wing it and play it by ear. I do know that during this time when work is closed there are going to be some bills that won’t get paid and the government won’t be able to help us out a whole lot. If that’s your case your problem is with advance fee payday loans, I would highly recommend an Advanced Cash Loan Consolidation. While I’m recommending this I’d also like to recommend that you try our company. Federated Financial has been in business for 23 years it is rated a+ by the BBB our specialty is Advanced fee payday loan consolidation. We’ve been working with  Advanced fee loans for many years now and have a  with great working  relationship with all you’re creditors.99% of the time will be able to work with your particular creditors and we can ensure that in most cases your interest rates will be reduced down to 0% getting you out of debt much more quickly than you could have done on your own. Cash advance loans can be frightening. A great cash advance loan, payday consolidation company can take care of your every need. If you doubt that give us a call right now and speak to one of our accredited counselors and let them show you how to start saving money today. Twenty three years and an A+BBB rating should instill the confidence in you to trust us in consolidating your cash advance payday loans.

Do payday loans get written off by the lender?

Payday Loan Consolidation Federated Financial QnA - Do Payday Loans Get Written off?

 

Do payday loans get written off by the lender?

It depends on the company. Some creditors are more aggressive in collection efforts than others. I think we all know that from personal experience.I don’t have a crystal ball but my guess would be that a smaller percentage of payday loans get written off than other type loans, simply because collection efforts are more successful with the payday loans. The thing to remember here is that whether they’re written off or not means nothing to you. The reason for this is because if you have the debt, you’re likely the one to get sued and if you can’t pay there could be a judgment issued against you. What do you need to do is consolidate that payday loan debt at an interest rate that could be up to 700% lower than you’re paying right now. The key is to just get it done and to change your financial future.

We are not a payday loan company, We consolidate these types of payday loan debts. Helping to reduce our clients payday loan interest rates down to zero percent in most cases, allowing them a chance to get debt-free.

Federated Financial has worked hard to ensure that local and on-line communities receive the very best possible level of care and support possible. Our counselors, customer service representatives, and creditor relations specialists are certified as credit counselors by the independent National Institute for Financial Education.

Our goal is to teach payday loan consolidation to consumers everywhere how to understand and manage debt so that they can achieve and maintain financial security. We understand the important monetary issues and challenges life can send your way and we are here to help. Our free community outreach programs, which include public seminars, walk-in clinics, newsletters, and on-line materials, give all of our visitors the ability to understand how credit works; how to overcome financial obstacles; and how to achieve important economic goals.

Just enough time for Payday Loan Consolidation!

Has anyone out there noticed that there’s been a giant increase in the amount of casinos that we see in our neighborhoods over the last 10 years? Well there has been and they are there for a reason.

All of the casinos that I see here in Florida are owned and operated by Native American Tribes. Let’s not confuse a casino with a paramutual location like a dog track. I’m referring to casinos with Vegas table games and real gambling. Some States finally got wise realizing that even though these casinos were open on sovereign Indian ground they’re still subject to taxing and state approval to maintain operation. It was all about getting a piece of the pie and each individual state ended up cutting deals with the Native Americans and everybody makes money that way. That’s a lead in to quite a few interesting subplots. For instance, I think my last sentence probably should have read instead of everybody makes money that way, “that way the state and the tribe make money”. Obviously there’s one missing component in that sentence. If you’ve been reading this article and don’t understand where I’m going with it my suggestion would be to save your time and go read the previous three. I typed that with a smile and I meant no ill intent. It’s just that you’re probably not the type of person who frequents a casino and the rest of this article will probably be boring at the least and certainly not apply to you.

For those of you who stayed and are still reading I can just about definitively assume that you know where I’m going. The missing component, or the one who doesn’t make money is you. So that’s why I’m writing about this today in a Payday Loan Debt Consolidation blog. I’m going to put it out there. Gambling breeds debt. Gambling causes debt and can push people into a position where they might just may well need a payday loan to pay a bill because they “blackjacked” the electric bill away.

There are many reasons that people are attracted to casinos.. The really pretty girls who work there. The implied glamour and status of being a winning player. The thrill of victory, but we all know with the thrill of victory comes the agony of defeat! Or perhaps you’re a fan of the television show Jeopardy. If you are you saw James Holzhauer’s incredible run last year where he made 2.5 million dollars on the show. James is a professional gambler. Lives and works in Vegas and sports betting is his thing. If you watch those shows he used basic poker principles to create situations that were favorable for him to gamble on the questions that he was answering. In addition, he’s a genius and filled with genuine knowledge. You can know all the math in the world but if you can’t answer the questions you can throw all that math out the window. Actual odds, implied odds and his odds on knowing the answer in any one particular category. Some of those numbers are objective and some of them are subjective. Bottom line is if you know the numbers and the math you win more times than not, and when you lose it’s usually the variance, AKA bad luck that get you. I bring James up because he epitomizes the glamour of making his living, and supporting his family in casino. I’m sure if you asked him he would say to him it’s just work. Just a normal guy, who’s actually quite like-able living the dream. A lot of people who sit in casinos today do so because they want to be like James. If you’re one of those people stop it. He’s one in a million. Gambling is a disease. It’s an addiction. and it’s extremely self-destructive.  99.9% of the time it will put you deeply into debt and threaten the the life you have built for yourself. The last thing you want to do is to come home and have to tell your family you need relief from your debt.

There was a movie from back in the early 80s called War Games. It starred Matthew Broderick, Ally Sheedy, and Dabney Coleman. I’m guessing that we’ve all seen it. At the very end of the film the supercomputer in the movie tries to beat itself at tic-tac-toe. It finally comes to the conclusion that it can’t win and the best It could do is tie. It also reasoned, why play if you can’t win. That’s always been my question to people who put themselves deeply in debt and are in need of debt relief. “Why play if you can’t win?” And so I bring you some really interesting statistics. Table games: When you play blackjack you are a 1/2 point underdog to the house. It doesn’t sound like a lot but play a thousand hands and do the math. Besides being a half of a point behind before you start that .5 is a number that only applies to the most skilled players. A more realistic number would be about 2%. That means the house has a 51 to 49% advantage against you. It doesn’t matter how many times you play. Eventually you have to lose. And if you play enough hands over a year’s time you will lose. That’s a fact. If you work hard during the day and live from paycheck to paycheck this will put you deeply into debt. Table games: Baccarat. If you are a skillful player you will win an average of 45% of the time. If your a skillful player you will lose 45% of the time. You will tie approximately 10% of the time. Why would anybody play a game when they can only win 45% of the time? it’s a recipe for losing money and going deeply into debt. Debt equals loans. Loans add up to extra bills. Credit cards, personal loans or in some people’s cases payday loans. We see them all. If you specifically have payday loans we are the most reputable payday loan consolidation company in the country. Give us a call!!

I’d like to talk about a couple more games before I finish up this article. First the slot machines. People actually win money one in a thousand times they play .I think I need to explain that because people say they win all the time but they really don’t. Winning is walking away with more money than you started with. It’s that simple. So I can pose this question. If you play slots 200 times how many times do you walk away with more money than you started with?

The answer to that question is more than likely 0. The penny slots can be fun if that’s your thing but when you start getting into the more expensive machines the habit becomes expensive. Stay away!!! We don’t want people to create unnecessary debt and have to use our services. There are enough serious reasons in this world to create debt that are unavoidable. That’s where our payday loan consolidation programs come in, and offer you debt relief. Let’s not create debt where there isn’t any.

So now we’ve spent the afternoon at the casino and I want to talk about one more game. Poker! It is very unique given the fact that it’s the only game you play at a casino where the house is not your opponent. Your play against the other people you’re sitting with. Your table mates are your competition. The house just takes a rake, or their commission before each pot.

Alternatively, If the whole table agrees they can pay the casino every half hour for the time that they are using the table. The casino doesn’t make much. The average rate is $7 a half hour or $14 an hour which would be $126.00. That’s not a lot of money for them to take. Your money is there for your opponents to take. My advice to anybody who walks past the poker room in a casino is to keep walking. Unless you’ve been playing for years and have an immense amount of experience you don’t have any business being at a poker table that’s a no limit game. This is actually something I know a little bit about first hand. I’ve played a few hands in my life. In 2003 a poker Renaissance took place. An accountant from Pennsylvania, Chris Moneymaker, and that’s his real name went on to win the World Series of Poker main event. He won 2.5 million dollars. All of a sudden everybody in the country wanted to play. With the Advent of online poker the players got really good. Being a skillful player involves patience, an even temperament, extraordinary intuition and people reading skills. Did I leave out an extremely advanced knowledge of mathematics? That’s what goes into being good. In addition, as poker has evolved throughout the years the players have gotten better and better. Poker uses something that’s very similar to the analytics that baseball uses. Poker labs around the world are consistently running hand simulations over and over again using different situations that the computer creates, and if you don’t keep up on those statistics you cannot win in a live game at a casino. I’m not talking about a straight two limit game. I’m talking about poker starting with 5/10 games and up. Great players will win over 65% of the time. When they lose they loose to the variance. Poker is a long term plus game. Good and great players WILL make money! Notwithstanding all that, I have seen people sit down at a poker table and lose tens of thousands of dollars in an hour. It just looks so easy. It’s really so damn hard!

So here’s the thing. Life isn’t easy. Sometimes it deals you a pair of kings at the same time it deals your opponent across the table Aces. In other words you’re an 80% underdog at that moment in time with that particular hand and that’s how life works too. People get bad breaks and get into debt. People fall into debt due to health emergencies. People fall into debt for a myriad of reasons. Auto repairs, new air conditioning, kids going back to school. Sometimes their car just dies. Debt is dangerous. It can destroy families. My point here is why tempt fate. I know many people who frequent casinos and have gambling problems.These are people that borrow like crazy because they always think they can make it back. Actually we can help them. We can offer them debt relief through payday loan debt consolidation, along with credit card consolidation too. Consolidating your debt along with understanding that you might have a problem can you keep you out of debt for the rest of your life. I know many people who have signed themselves out of casinos in essence banning themselves from entering the property. Once the camera sees them they are escorted out. Don’t fall into that loan trap, especially the payday loan disaster. Don’t pay 600 or 700% interest while paying your bills. That’s what those payday lenders can and will charge you. We wouldn’t walk in front of a moving car because we can’t survive. That’s a battle we will lose to the car every time. It’s the same thing with gambling. You cannot Gamble and win. You cannot take payday loans and pay the exorbitant interest rates without creating an immense amount of pressure in your life. If you’ve already done that and need payday loan relief give us a call. Our payday loan debt consolidation program has been saving lives and families for 23 years. We are A+ rated with the BBB and have an exceptional track record of service. We are an old staid company that cares.

Are payday loan companies a new version of organized crime?

Are payday loan companies a new version of the mob? I’ll let you, the reader decide after digesting this post. If you follow this blog you know that 12 million Americans will take a payday loan this year. This is a fact. The question is how are they being asked to pay it back? In a perfect world you would pay your payday loan back according to all the terms including the time frame that was mutually agreed upon by you and the creditor. Unfortunately for the consumer, the enormous interest rate charged by these companies makes it almost impossible to repay the loan that you’ve taken the way it’s supposed to be paid back. What do you do when you don’t have the money to pay back your loan?

Most people call the creditor and try to make arrangements. There are still people that don’t call the creditor and try to dodge the debt. Unfortunately that’s not possible. We have been told by many borrowers that payday loan companies are like pit bulls when it comes to Payday Loan collection. That’s true of many companies in many industries. They want their money back. From what we’ve been told, there are parts of rural America where laws seem to mean nothing. On September 20th 1977, then President Jimmy Carter signed the fair debt collection act into law. This law was written to protect consumers from unscrupulous collectors. Unfortunately, All creditors do not abide by this Federal Law.

Sources tell us that there are many payday loan companies in rural America still knocking on people’s doors asking for money. That there are still people calling and threatening to put borrowers in jail for not paying their loans back on time… There are creditors in the payday loan business that are threatening to take benefits like Social Security from debtors, garnishing these Federal benefits and putting these people in dire Financial circumstances. People need to know what this law is and how it protects them https://ballotpedia.org/Fair_Debt_Collection_Practices_Act

The bottom line is this. You can’t be threatened with many of the things that you are being threatened with. Click on the link above and read the law. Strong-armed mob techniques that went out of style in the 1950s and the 1960s cannot be brought back to collect on payday loans that are delinquent because of the exorbitant interest rates being charged. When you’re in this situation payday loan consolidation can help.

Take a moment and watch our videos. Most of your questions will be answered, and the answer will be in language you will understand. Visit our Question and Answer videos by clicking this link. In the mean time listed below is our Federated Financial Introduction video.

Payday Loan Consolidation Company - Federated Financial - Introduction to payday loan consolidation
Once you’re ready to eliminate your payday loans, Give us a call or fill out the form. More than likely we can fix the problem that you’re having. Payday loan consolidation absolutely works!

By |2021-01-05T18:23:57+00:00February 8th, 2020|Categories: debt-consolidation, Payday Loan Consolidation|Tags: , , , , , |Comments Off on Are payday loan companies a new version of organized crime?