Fixa’s Post

Video case study - Why payday loans are not a good idea. Many people think resorting to a payday loan for quick cash is the solution when in financial trouble, but Christine, Financial Counsellor with Better Place Australia and Financial First Aid, shares why the reverse can be true, and the traps of payday loans. (Financial First Aid is an initiative of Better Place Australia, focussing on clients with money problems.) #debt #financial #mediation

We’re on a mission to help thousands of workers reclaim their money. The current financial marketplace is rife with predatory products that extract thousands of dollars from individuals and trap them in a cycle of debt. Payday loans drain more than $2.2 billion in fees each year from borrowers who have an average income of $25,000. At Neighborhood Trust Financial Partners, we have been working alongside our clients to identify these harmful products and provide access to more affordable and inclusive solutions that put workers’ hard-earned money back in their pockets. Our newly released 2023 annual report expands on our commitment to free workers from exploitative debt, and our path to reshaping the financial marketplace. Learn more here: https://lnkd.in/gBqaDATU #debt #debtfree #financialfreedom #financialcoaching #systemchange #predatorylending #financialempowerment

Life is full of surprises, and not all of them are pleasant. Unexpected expenses can pop up at any moment, leaving you scrambling to find the funds to cover them. An emergency fund acts as a safety net and can provide financial relief during tough times. With an emergency fund in hand, you can ignore going for debts like credit cards, personal loans, or any alternative to payday loans. Protect your financial well-being and navigate tough times with confidence, get in touch with the team to find out more 👇 📞 01744 885555 ✉ hello@allisonsfinancial.com 🌐 allisonsfinancial.com/ #AllisonsFinancialPlanning #EmergencyFunds #FinancialRelief #FinancialSecurity #PrepareForTheUnexpected #FinancialSafety

Busted! ❌ Pawnbroking can be a helpful tool for unexpected expenses. Get the facts & pawn responsibly. Myth: Pawnbroking perpetuates a cycle of debt and financial instability. Fact: Pawnbroking provides a responsible alternative for short-term cash needs. It's a viable option for those who might not have access to traditional bank loans or face a temporary financial setback. Responsible pawnbrokers prioritize customer welfare, offering fair evaluations and manageable terms to ensure a positive experience. #FundExpress #FinanzMyth #CashFlow #PawnBroking

Ever had your heart sink at an unexpected bill? You’re not alone—1 in 10 Canadians live paycheck to paycheck. Usolve Financial is here to help you breathe easy. With our fast, temporary financial solutions, you can tackle those surprises without missing a beat. Apply for a payday loan online and get peace of mind in minutes: https://1l.ink/5ZSVXMH #FinancialRelief #PeaceOfMind #UsolveFinancial #PaydayLoan #FastCash #TemporarySolutions

"Debt trap, can be a Death trap!" Yes, I lived that... and this can happen with anyone... My mother had a smooth running business till 2020, However, she accumulated some debt and went to borrow more to repay the existing one. -She fell into the Debt trap! Eventually 'Instalment reminders' turned into 'Threat Calls'. And losing my job made things worse. It took us big time dealing with the situation. Here are the things, I did to get my mother out of this- > stopped unnecessary SIPs and Insurance premiums immediately. > prioritised savings and short term investments. > classified creditors (secured/unsecured), (real/personal) > prioritised repayment to secured and real creditors. > Started part time jobs and saved my thrift earnings too. Lastly, here is an article I followed to deal with stress and anxiety- https://lnkd.in/eiSdn-tP . . . . . #debtmanagement #debtfreejourney #financegoals #personalfinance #anxietyawareness

📊 Non-employment income matters! Here are four types and why they're crucial to your lender: 💰 Rental Income - Demonstrates additional cash flow. 📈 Investment Income - Reflects financial stability. 🏠 Alimony/Child Support - Considered for debt-to-income ratio. 📚 Social Security/Pension - Shows a reliable income source. Understanding your non-employment income strengthens your financial profile! 💡🏡 #IncomeMatters #MortgageInsights #FinancialWellness #NewPadWithChad #GrieserGuaranteed

Breaking free from the payday loan cycle is like stepping into a brighter financial future! Remember, you're not alone on this journey – professional guidance and a robust financial foundation are here to guide you every step of the way. 💪💰 Need some guidance? 👉 Click on the link to schedule your free consultation https://lnkd.in/gGUQndfi #HopkinsNetworkLLC #LeatreseHopkins #FinancialFreedom #BreakTheCycle #SmartMoneyMoves

It’s 𝐬𝐩𝐨𝐨𝐤𝐲 𝐬𝐞𝐚𝐬𝐨𝐧 but that doesn’t mean financial fears should keep you or your employees up at night. 😱 This time of year is often met with financial stress as many prepare for the holidays. Gift-giving 🎁 , transportation 🚗 to visit family and friends, and an unexpectedly high bill due to the weather ❄ can all contribute to costly expenses at the end of the year. Employers 𝐬𝐡𝐨𝐮𝐥𝐝 𝒈𝒊𝒗𝒆 𝒕𝒉𝒆𝒊𝒓 𝒆𝒎𝒑𝒍𝒐𝒚𝒆𝒆𝒔 𝒂 𝒔𝒕𝒓𝒆𝒔𝒔-𝒇𝒓𝒆𝒆 𝒘𝒂𝒚 𝒕𝒐 𝒂𝒄𝒄𝒆𝒔𝒔 𝒕𝒉𝒆𝒊𝒓 𝒆𝒂𝒓𝒏𝒆𝒅 𝒘𝒂𝒈𝒆𝒔 and avoid high-interest 💹 options like layaway, payday loans, or overdraft fees. Have a client in mind? Ask me about our Halloween referral contest before Zombies 🧟♀️ eat your brains 🧠 #EWA #partnership #todayisthenewpayday #earnedwageaccess #ondemandpay

We think MN’s #ChildTaxCredit advance periodic payments should be based on family-centered process. Read our issue brief to learn how these payments could work: bit.ly/3QJHYlZ