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Easily
Learn How To Understand All The Financial Jargon So You Can
Borrow Responsibly!
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What You Should Know BEFORE
You Borrow Money
By
Patty Baldwin and Lori Chambers
(About
The Author)
Hands
fisted, knuckles white and angry tears pouring down her cheeks, Carol
stormed through her front door and headed straight for the
telephone. She tries to compose herself as she dials 911 to
report her car as stolen.
The
911 operator takes her information and lets her know that an officer
should be there momentarily. When the officer arrives, he
takes her statement but also asks if there is any chance the vehicle
was repossessed.
Carol
jerks her head around at that question and tells the officer that she
was 3 days late on her payment to a company that offers vehicle title
loans. But, she queries, "surely that couldn't be the
problem? It's only 3 days! Isn't there supposed to
be a grace period?"
The
officer completes the statement and suggests that she contact the
company who gave her the loan. After asking her to let the
department know if it was indeed repossessed he leaves.
Carol
calls the company and gets the bad news! Yes, just 3 days
late and her vehicle is repossessed. Yes, she can get it back
but in addition to the late payment she will have to pay the towing
charge, impound fee and a penalty fee.
This
scenario sounds pretty drastic, doesn't it? Well, think
again. It happens every single day more times than you would
believe!
Carol
is not a "bad" person. She did what all of us have probably
had to do on occasion. She had an emergency and she required
some quick cash. She is young, living on her own for the
first time and has yet to establish her credit worthiness.
There
is an important lesson to be learned by Carols' experience.
Forewarned is forearmed. Had she understood just how
important it was to make her payments in a timely manner she would have
done so.
Three
days may sound pretty drastic, but in this particular case it was in
the "fine print."
If
she had a copy of "What
You Should Know BEFORE
You Borrow Money," she would have had
a clearer understanding of what this type of lender expects.
Had she known, she may have gone elsewhere to borrow.
Payday
loans are similar to title loans in that they both charge inflated
rates of interest, and they are also ready to pounce with additional
charges whenever possible.
"What
You Should Know BEFORE
You Borrow Money," is designed to help
folks who are not knowledgeable about the "ins and outs" of
borrowing. Take a look at some of what you will learn:
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When and
why borrow money?
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What type
of loan do I need?
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What you
should know before you shop for a lender.
-
How to
apply for a loan.
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Before you
apply for a mortgage get the facts
-
Cleaning up
your credit.
If
you are already well-versed in all financial matters, this guide is
probably not for you. However, if you have no experience in
borrowing and are looking for some guidelines then this is definitely
just the primer you need.
It's
also a great gift for anyone you know who would like to learn the
basics of "Borrowing Money 101!"
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What
You Should Know BEFORE You Borrow Money
Only $17.00
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8 weeks Money Back Guarantee!
P.S.
Please Don't Order this product if you're looking
for a fat book full of financial jargon.
This is a great beginners guide so if you or someone you know fits that
profile, grab your copy today!
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