Payday Loan Consolidation

Guest Blogger Angela Sanders

Earlier this month we posted an article about Payday Loans, and the possible pitfalls connected to this institution. This post was evidently compelling enough for a reader to ask to be a guest writer and post her own story. The following is from Angela Sanders, who writes a Blog of her own called A Financial Journal. We are always excited in bringing you the very best in information and calls to action on this blog. Here is Miss Angela…

Is it possible to consolidate your debts?

“The consumers take out payday loan to manage their emergency expenses at the middle of the month. When you apply for payday loan you are not required credit check so the interest on this loan is comparatively higher than other loan programs. Make sure that you pay off the owed amount on scheduled date to avoid the accruing interest on the principal balance.”

Debt Verses Equity Financing

One of my readers has recently posed the question “in what cases should a manager look at equity verses debt financing”.  First let’s make sure we understand the difference between the two.

Debt financing is exactly what it says.  Incurring debt (taking out a loan) to finance the start-up or purchase of a business.  You can also take out a loan to grow or expand a current business.  Debt financing can take on many different forms.  SBA loans/lines, traditional business lines of credit/loans, equipment leasing, etc.  You can also find alternative debt financing through vehicles like credit card advance funding, hard money loans and hedge fund loans just to name a few.

Equity financing typically comes from an angel investor, a venture capital firm or the like.  When a group or individual makes a cash infusion into your business in exchange for an interest in your company, it is an equity investment.