Did you know you can use your retirement fund, insurance policy, and even your car tile as a loan? This infographic from www.eTitleLoan.com explains it all in graphic detail.
The average person works over 36,000 minutes a year to pay their mortgage. This infographic from Quicken Loans Racing explores some of the things you could do with that money if you did not have a mortgage payment.
The following infographic is a visual representation of the 2012 I Hate You Payday Loans Industry Sentiment Survey. Payday loan hatred seems to overrun the industry as payday loans are not the ideal financial solution – the high interest rates, predatory accusations, fast cash but high risk – you don’t have to love the products, but you do have to understand them if you’re going to borrow them.
Are you an entrepreneur? If so, newsflash: you think a lot about cash-flow. You’ve likely already played a serious game of “find-some-cash”. You know the one – maxing out credit cards, visiting the VC circus, talking to term-hungry venture banks – even making that desperate visit home to mom for just “one more small advance”.
Small businesses are in desperate need of money and without access to Venture Capitals or accredited investors, loans from banks may be the only option. However, in 2009, U.S. banks posted the sharpest decline in private lending since 1942. This infographic looks at how crowdfunding can help small businesses when traditional methods of lending will not.
This infographic from Fast Payday Loans looks at the cost of borrowing £100 for a short period of time. the following options are explored: payday loans, authorized bank overdraft, unauthorized bank overdraft and credit card to ascertain which is the cheapest over the period of one week.
Barnardo’s recently released a report showing just how much more it costs to use “Rent to Own” options for everyday appliances. Consumers are finding themselves paying up to three times the amount for necessary household items like fridges and washing machines. The following infographic reveals the facts or “renting to own.”