Beware of Debt Assistance Scams
It seems that people s financial struggle is something that everyone has gotten used to because of the global financial crisis that is still upon us up to this day. Everyone is trying to cope for there is really no way out of it other than to face it head on. There are some who have gotten lucky despite the trying time and there are still some who, until now, are still trying to find a perfect solution for their financial problems.
One good thing that perhaps came out because of the current situation is that people have learned to consume and spend wisely. Malls are still earning buckets but data indicated that it is still smaller as compared to their earnings the previous year. This goes to show that people who splurge on clothes before have found different ways of using their money wisely. There are still bookings for tours and travels but as with the mall businesses, these were not as strong as they used to in the past couple of years.
Another good thing that came out of this crisis is that new businesses were established, especially those which are aimed at helping or providing financial assistance to people in need. Case in point is the payday advance loan. Also known in other names like payday loans, cash loans, instant cash loans, among others, this type of loan has become popular among working people. It is a short-term loan that is granted to people who are in need of emergency cash in between paydays. As it is a short-term loan, it is payable after the salary has been received.
Many people have been availing of this instant cash loan because of the ease and convenience in borrowing and paying the cash advance payday loan. Some of the general requirements of the cash loan in Australia include having a stable job and an active bank account. It follows that a person has to be 18 years old as well before s/he can apply for the said loan. For Cash Advance, the applicant should also be an Australian citizen.
The loan can be applied for online and the approval, as long as the applicant doesn t have any problems with the requirements, can be given the following day after the application. The money is deposited to the bank account, hence the need for an active bank account. It is also payable online so there is really no need for the applicant to disrupt his/her schedule at work to obtain and pay the loan.
Despite having these payday advance loans, there are still some people who are already having troubles managing the debts that they have accrued as an effort to make ends meet. This is what debt assistance companies are aimed at. As the name implies, they aim to give assistance to those people who are having troubles paying their debts. However, news has it that there has been an increasing number of debt assistance scams everywhere.
Debt assistance companies are those which offer assistance in paying a client s debts. The scam comes in when the company collects fees up front without doing anything yet. As is the case with any other service-oriented businesses, they should provide services first before they are paid. Sadly, because of these pressing money problems, some people get hoodwinked by these companies.
To eradicate or at the very least minimize these cases, people are advised not to pay any fees until the company has helped the client resolve at least one of his/her debts. There should also be a written contract which states how long the company s program will take effect, the cost of the services, and the consequences of your inability to pay your creditors.
Source : http://www.cashadvance.com.au/beware-of-debt-assistance-scams/
Eunice Alley is a writer and SEO of this article for Cash Advance and PayDay Loans which offers cash advance now,Easy Payday Loan,Payday Loans services. Visit http://www.cashadvance.com.au/ for more info.In Australia call toll free: 1300662619International call: +61386463000FAX: +61398151544Head Office: Suite 3, 118 Church St,Hawthorn, 3122, Victoria, Australia