| Danielgaws | Fecha: Viernes, 15/de Agosto/2014, 6:59 AM | Mensaje # 1 |
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Grupo: Invitados
| Short term lending means you don't have a long term problem. Because of the nature of the payday loan you know that you only have that debt for a month or so. This has the advantage of knowing that you won't be paying off the debt for the next 6 months. Although most people think that if you default you are in big trouble this often simply isn't true. The payday loan companies understand that a certain number of people will default and they build this into their business plan, often simply banning the customer from using the service again rather than taking further action.
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Saving money is the best plan there is to make it through over bumps in the road. The earlier a person starts to save, even if it is only a small amount each month, the better off they will be later. Retirement plans which begin early help the most. Investment longevity will make a difference. The same amount of money saved by 35 years of age would make more money than money invested starting at age 35.
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