The Best Ways of Identifying Low Interest Personal Loans

Once you get into an emergency, there is no way around other than miraculously finding money to sort the bill. Medical emergencies, work emergencies, and vacation emergencies appear as the most commonly reported today. A personal loan can be a useful aid at such times. It does not require a security deposit and would be of use immediately after disbursement. Hence, many people find themselves at odds when they realize that they do not qualify for personal loans due to their credit status. You should not worry a lot about that since there are plenty of turnaround options in such cases. The article will be delivering some considerations and tips for finding low-cost interest personal loans for use. A word of caution is that these personal loans are only good for you when you understand the risks of non-payment or late payment. Therefore, kindly educate yourself on your lender’s policies before signing on the dotted line.loan2

Loan consolidation and transfer You probably have other loans that you are servicing and thus no longer have any disposable income to maintain yet another personal loan. The lack of free money on your payslip might be the reason for the decline of your request for a top up. A safer way to get over the problem is by going for a loan consolidation option. It will take all your loans and move them into one primary facility with adjusted repayment period. The effect of the consolidation is an increase in your repayment period, a reduction in your monthly payment rates, and the creation of free money on your subsequent payslips. Of course, you could tailor the consolidation in a way that allows you to take an additional top up to your existing loans and remain with some money on your payslip.

Identify and approach low credit score lenders Some lenders exist solely for the bad credit market. They cater to the needs of people who would otherwise not get any assistance from the regular loan providers. The best part is that they offer varied options to cater to different repayment needs and abilities. Thus, you could use them for personal loans to repair your credit and to address actual emergencies. Some lenders will offer money specific to the crisis such as settling movers bills and utility bills.


Mobile payday loans by banks

Mobile loans from banks are different from payday loans from non-bank lenders. The major difference is their interest rates. Only a few banks offer these types of loans, and they consider them as advances. Another attractive feature about them is the optional offer of no interest when you make early repayments. Banks are the primary lenders in the lending market, and they also accept deposits from customers. Thus, they have a cheap source of funds that they forward to you in the form of these phone-based payday loans or advances that would still serve as low-interest personal loans. You could also utilize them in the same way as credit card advancement only that they rely on your phone rather than the card.


Normal low-interest personal loans

Shopping around for the formal personal loans market at banks is a useful way of finding low interest personal loans. All you need is a good credit score and knowledge of what to find. In this case, you want friendly repayment terms, a choice of fixed or variable interest, and the willingness of the bank to give you a loan.

Knowledge of these facts about identifying low-interest personal loans sets you apart from other lenders. Use them wisely. You should be able to get enough loan offers for your emergency situation.


Starting a business with a merchant cash advance

Starting a business whether small or big, it requires enough funding to for it to blossom. Sometimes all we have are only ideas and capital is a problem for many creatives minds out there. Fortunately, there are several financial institutions that can loan out their money to you at a certain interest rate. Also, there is merchant cash that can as well help you start your dream business. A merchant cash advance for businesses allows you to accept credit card and other payments to obtain advances of the business funds. And the funds often flow via the business’ merchant account.

A merchant cash advance provider usually evaluates the risks and weigh the credit criteria. This is a bit different from the way the regular banker can go about processing your loan application. They look into the daily credit card receipts to determine whether your business can pay back in time. The scope of the MCA is to buy a part of your future credit card sales so that you have an immediate starting for your small business. Here are tips on how to get a merchant cash advance for your business.


Profit margins

You should evaluate your current profit margins and weigh if you can handle their interest rates. If your business does not have the ability handle the interest rates, do not enter into that deal. Since the interest rates vary from one lender to another, it is advisable to do your research. Do not stick to only one lender because among them there is always that one lender who can offer great interest terms.


Available options

Make you consider all available options for the source of capital. You can lend the money and later find out it was not necessary for you for such a deal. There are seasons when your business can generate profits which can be used to expand of within a reasonable period. Try to assess if it is that necessary to go for merchant cash advance. If you are not in a position to raise the money required to expand your company, then it is advisable to go for merchant funding.



Try to specify on how you will spend the money to make sure that the goals do not go wrong. Make sure you have a plan on what you are going to spend on every cent. Do not opt for lending if you do not have a reason for doing so.


Understand the risks

Merchant cash advances are often not regarded as actual loans. And the lenders of this type of loan do not bind themselves with the laws which limit the reputable loan providers. They tend to set the astronomical interest rates depending on how they work best with them. The most important thing to do before going for this kind of funding is to ascertain their legitimacy and the real costs. Never overlook anything and ensure that you are confident with the latter before signing the agreement.


Getting loans for bad credit

Unless someone is very wealthy, then maybe they can live their life without never have to apply for a credit. But for most of us, a loan is something that we indeed will have in our life either it’s for our education, house, a home, apartment, condo, or other properties. Although this system is very helpful for us since because of it, we can enjoy a lot of facilities that we would have to wait years before we can afford it but it is not so easy to follow.

Bad credit and what is it

876tfghj87For a lot of lenders or someone who is lending you the money, bad credit can mean a lot of many different things. From not fulfilling their standards, to an event where you did fail to pay back the loan once. Sometimes even tardiness can translate to bad credit in their book if it’s what written in their regulation. Nowadays there is almost nothing that you can do without leaving a trace. Because of this, you must particularly be careful with your financial history and make sure that you are not doing anything that would potentially make your credit application get denied.

Loan for bad credit

ghjio9876trfgIt will be harder for someone who has a bad credit to get a loan. For a variety of acceptable reasons that the lenders do not want to take any risk that they are lending the money to someone who has a bad history and have a potential to repeat the same mistake. Even though it will be tough if you know what to do and how to do it, it’s actually possible even to get loans for bad credit without a guarantor.

After you get the loan

fghu765rGetting the loan is a victory for sure, but don’t get ahead of yourself. There are still so much to do so you can make sure that in the future you will have a better financial history, therefore makes it easier for you to get the approval of the credit application. Many ways to do this is to budget your money, even though this is something that you should have done from a long time ago, it is never too late to try and discover new ways that can make you spend less and save more. Learn to allocate your money and plan as much as possible to purchase any items that you want and avoid impulse buying.


Advantages of bitcoins

By now, you have probably heard of bitcoin. After all, bitcoin is gaining popularity worldwide. As a matter of fact, a significant number of individuals from around the world are in search of the best bitcoin exchange since they are now utilizing bitcoin transactions on a regular basis. However, there is no denying that tons of people are still questioning the legitimacy of bitcoins. For that matter, let us look at some of the benefits of using bitcoins in your monetary transactions.



To begin with, using bitcoins is much affordable compared to the conventional transfer services. For instance, if you wire money for $50, it would cost you $25. In addition to that, the receiving institution would still charge the recipient. On the other hand, bitcoin transfers are low cost. As a matter of fact, there are instances that the transaction is free of charge.


Although it is important to note that, your transaction will be processed faster if there is a fee. Nonetheless, you can still choose to transfer without spending any dime as far as service fees are concerned. There are cases too that merchants will put a service fee. The good this is that it would not go unnoticed. Hence, the fears of hidden charges are gone with bitcoin transfers.


The Next advantage of bitcoin transfers is the fact that it is borderless. This is because, with bitcoins, users are allowed to transfer anywhere in the world. In addition, there are no bank holidays with bitcoins. Apart from being borderless, it is limitless as well.


Compared to the conventional ways of transfers that take forever to complete a transfer, bitcoin transfers are very fast. To give you an idea, a bitcoin transfer can be done in 10 minutes. On a side note, bitcoin transfers are convenient too since anyone can make a transfer using their phones.


If you are a person who always put an emphasis on your privacy when doing some money-related transfers, bitcoins transfers are perfect for you. This is because, with bitcoin transactions, the personal information of the person processing the transfer is hidden.


As expected, the safety of the transactions is always an issue as far as money transfers are concerned. On the bright side, bitcoin transfers are guaranteed to be safe. This is particularly true if you are the merchant. Not only for merchants but also for any recipients in general. This is because there is no reversing of transactions with bitcoins.


In summary, bitcoin is drawing attention these days because this method of transfer can bring many benefits to its users. However, it is still worth mentioning that bitcoin transfers have its disadvantages too. After all, nothing is perfect on this planet. With that said, it is important to exercise caution when processing a transfer through bitcoin. Actually, not only with bitcoin but also with any method of money transfer.


Top benefits of hard money loans

Hard money loan is a financing offered by non-institutional lenders. Nowadays, several hard money lenders provide quick funding at competitive interest rates. However, borrowers ought to carry out a detailed check on lender’s business and reputation. As you do your research, you should know the following benefits of hard money lenders.

Benefits of hard money loans

Fast approvals

tvgef6whged72jwd8ki292o2This is one of the major benefits of seeking a hard money loan. In fact, an investor can get a pre-approval within a day as long he or she has submitted the required documents to the lender. The majority of hard money lenders just focus on the asset has a good market value and whether the borrower’s equity is 20% or more. Getting financing in less than a week is possible. This is quicker as compared to seeking normal loans. When looking for a hard money lender, the key factor to consider is how quickly.

Flexible payments

A private lender offers you an opportunity to create a lot of freedom to come up with a customized repayment plans. However, with a large financial institution, this will not be a problem. You will have to accept payment terms as your bank sets them. Fortunately, a private lender allows you to discuss and agree on the repayment plan, which you believe is ideal for you.

Fewer requirements

gwedyc6hwsdc8ji9k2When you apply for funding from traditional financial institutions, you are expected to meet certain hard-set requirements such as experience and income history. It is not a secret that bank approvals are quite a cumbersome procedure. The good thing about seeking a loan hard money lender is that the application process will not overburden you. As long as you have more than 20% equity stake, there is a high chance that you qualify for a good amount of loan.

Credit history not an issue

Traditional lending institutions take into account your credit history. In fact, your credit rating is likely to determine whether you can get a loan or not. On the other hand, private lenders put emphasize on weak credit rating. This is because they base their loan approvals on the borrower equity, property value, and other factors. As long as you can meet the criteria, you have a good chance of getting the funding.

website for author Steven Torres

from Steven Torres

December 2006

Jonathan Santlofer Speaks…

I first met Jonathan Santlofer in Austin, Texas during the second ConMisterio. It was a wonderful convention, intimate, unlike some. When he described some of the action found in his books, I knew I had to pick one up and plague him with questions. I got his first novel, The Death Artist. Now, getting a person’s first novel is not always the wisest strategy. They may be good, but they don’t always have the high sheen of polish that later works will have after the writer has had some experience, found their voice, learned their craft. I can tell you that Mr. Santlofer’s first novel is as gripping a pageturner as I’ve ever read, and if he’s gotten better since, then Lord help us writers of normal abilities. A review of his work at my blog if you like to know more about The Death Artist. If you want to know more about Jonathan, link here.

The Laura Lippman File

On the one hand, it may seem like there’s really no point in introducing Laura Lippman. She’s published a bunch of books that have gotten into the hands of mystery lovers everywhere, and she has won just about every mystery writing prize under the sun. On the other hand, I should say something about how I got her to speak with me. I met her for the first time at this past Bouchercon in Madison. She was telling a story about being at a party and losing a shoe. I didn’t ask any questions about that since, well, it seemed ungentlemanly to pry. Later, however, after hearing so many people rave about her work (not just at this B’Con, but at all the others I’ve been to) and rave about her as a person (again, not just in Madison, but in Chicago, Toronto, and Las Vegas as well), I decided to approach.

My gimmick was simple, buy one of her books and ask if she’d be willing to answer a few questions for my website if I read the book and my questions weren’t too stupid. She agreed though she could easily have pointed out that she had other things to tend to in her own life since, well, she’s Laura Lippman, isn’t she?


The book was No Good Deeds, and I quite enjoyed it. It was serious. Darker than I expected. Ms. Lippman was able to keep many plot points in the air without any of them crashing to Earth or into each other. That’s a skill I haven’t mastered just yet. Anyway, a fuller review resides at my blog. For now, follow the Q&A;.

And The Winner Is…

Going to be getting a very nice handbag made by my wife and a set of four hardcovers of the novels I’ve published so far and an early ARC for my novel coming out next year. It’s entitled “The Concrete Maze.” Many thanks to all those who entered. There were a lot more than I had expected. A bigger hat was needed to pull the name out of.

Congratulations to Lynn who heard about it on DorothyL. To the right witness a photo of what has been won. Now all I need is a mailing address.

That was the last contest of the year for the website. Check my blog for other, smaller contests over the winter.

September 2006

Short Stories…

The good people at The Summerset Review have seen fit to publish one of my stories. It’s called “Desert People.” I hope you enjoy it.

Firefox News (not to be confused with Fox News or with the software company) has just published my short story “A Smile at the End of the World.” The title really does tell you a lot of things about what goes on. It is the end of the world and there is a guy who can’t stop smiling. But it doesn’t tell you why the world is ending or why he’s smiling.

CrimeSpree Magazine has seen fit to publish my story “Elena Speaks of the City, Under Siege.” I really think this is one of my best stories ever, and I’m quite proud of it. How many 2nd person, present tense stories are there? And how many of them are good?

My Bronx Noir story is set for publication nest summer. I titled it “Early Fall” and it really breaks my heart to think how true to life it may be. SJ Rozan (featured elsewhere on this front page) liked it, so I’m quite pleased.
Last Contest of the Year…

Here’s what you win: Hardcover copies of each of my novels, an Advanced Review Copy of an out-of-series hardboiled/noir NYC novel that will be published by Dorchester Publications next summer (the title’s in limbo, the book is pretty good if I can judge from early reactions), AND a Carrero Creations bag to carry it all in. The bag, made from whole cloth by my wife, will be specialer than anything she’s made for my promotional efforts before. If you haven’t seen her handiwork, click here. The books are worth about $23.95 each (maybe add a nickel since I’ll sign them) but the bag would probably retail in the neighborhood of $50. IF you could get it retail. You can’t (not yet anyway), so click here to enter.

Bill Crider Rides into Town…

I’ve interviewed a lot of writers, but Bill Crider, my latest subject, has probably published as many novels as the rest of them put together. And it’s not like he’s publishing them himself out of his basement or anything. These are well received, much appreciated books in hardcover and paperback from regular publishing houses like St. Martin’s Press, a company with the good taste to publish my work as well. As you’ll read in the interview, he’s got a slew of different mystery series — including a professor, a sheriff, and a private eye. He also runs one of those blogs that people in the know use to stay that way: Bill Crider’s Pop Culture Magazine. If that weren’t enough, he also has a job. Anyway, enough… Read about him here.

Roundtable of Interviews

Linda Landrigan, the editor of Alfred Hitchcock’s Mystery Magazine, has recently put together an anthology of stories ranging from the first few issues to 21st century stuff. The book is a Hall of Fame for short stories and well worth the cover price. Since I’m a big fan of short stories and of AHMM in particular, I thought I’d hold something of a roundtable. I cornered four of the featured authors as well as the editor of the volume and asked them some questions. Some of the questions were pointed, some were blunt, but they responded and were only a little uncomfortable. I decided, however, that once put together, the roundtable would be a really long read, so I’ve broken it up:
If you’d like to read what IJ Parker, author of the Akitada series had to say about her award-winning short stories, read here.
If you’re interested in James Lincoln Warren’s Alan Treviscoe series, then click here.
On the other hand, if you’re more interested in Steve Hockensmith’s award-winning short story writing, then go here.
SJ Rozan’s award-winning stories are discussed here.
Whatever you do, don’t forget Linda Landrigan’s answer to what I think is the central question. Click here.
Summer 2006

Contest #1:

I have two Advance Review Copies (ARCs) of Missing in Precinct Puerto Rico: Book Four to give away. Very simple. Send me an email by July 15th, and I’ll pick two winners from out of a hat or other appropriate receptacle.

Contest #2:

In honor of the fact that Dorchester Publications is going to be publishing my first book in the series as a paperback, I’ll be giving away three copies of that book. (It comes out at the end of July.) Email me by August 15th to enter. Just to let you know, Dorchester considers the book to be a THRILLER.

Praise! Praise! And High Praise!

Kirkus Reviews likes my latest effort. Here’s the part I like the best: “Though it’s often hard to tell where Torres (Burning Precinct Puerto Rico, 2004, etc.) is going, his procedural engages interest with strong prose, convincing detail and local color.” Read the rest here. I figure that not knowing where I’m going can’t be too bad for a mystery, right? They did get the year wrong, though. It’s actually set in 1982.

Jennifer Jordan at Crimespree Magazine has also read the book and liked it quite a great deal. That means a lot to me since I know the quality of her reading. You’ll not read her review (unless she decides to publish it) but I will hint that she feels there is a scene that “tears ethics in two.”

Superwriters SJ Rozan and Michele Martinez have both blurbed the book saying things like :

“Torres’s characters are authentic and his story is absorbing; and the bonus is the window he offers into rural Puerto Rico. Fascinating and satisfying.” (SJ Rozan)

“Richly imagined and vividly atmospheric, at turns poignant, hilarious and disturbing, Missing in Precinct Puerto Rico is a tour de force. Steven Torres is a writer of great talent.” (Michele Martinez)

I blush.

Where I’ll Be…

Stories are coming out from Demolition Magazine in July, as well as Shots, Crimespree Magazine, and Alfred Hitchcock Mystery Magazine in October.

Demolition and Crimespree are running stories connected to the Viktor Petrenko franchise, while Shots and Alfred Hitchcock are running stories in the Precinct Puerto Rico series. Both of those are prehistorical stories. That’s right, Puerto Ricans in caves. No, no. The Shots story, “The Tent of Babel,” is about Sheriff Molina when he was a young soldier in the Korean War. The AHMM story, “The Valley of Angustias,” is about the case Luis Gonzalo solved that got him the offer of the position of sheriff. (No, this is not the one involving a little girl and a monster.)

Where I’ll Be, Part Two…

I’ll be giving book talks in libraries here in Connecticut (South Windsor and Manchester). I’ll be heading to ConMisterio in Mid-July. I’ll be driving around New England in August, looking for bookstore managers and librarians to bother. Bouchercon in Madison, WI in September.

Older news and announcements here.