Payday Loans and Fast Cash Guide

How To Spot A Fast Cash Scam

If you think that you’re looking at a fast cash scam, you probably are.  The old saying goes, “if it walks like a duck, and talks like a duck, it’s probably a duck!”  There are some qualifying factors that you can spot that will be sure fire signs that something is a scam, and we’ll go over those in this post.

The most important thing that you can do is to trust your instincts.  We have that “sixth sense” built into us for a reason, and if it looks or sounds fishy step away!

Fast Cash Scams

The internet is full of con artists.  This stems from the ability to hide behind an avatar or fake email address.  I probably see, and can spot, these more than most because I consider myself an internet marketer and deal with the shady side of the internet on occasion.  If you have the ability to spot a scam, you’re well on your way to saving your ass in lots of different ways.

There are some tell tale sign that will always lead you into a scam.  The biggest and most obvious is an offer of free money.  Money is never free, and if it was it would ruin the entire financial system of the world.  There’s always work or a catch involved.  Most of the time you have to pay a little bit of money to get your “free” money, and then after paying your small fee you have to keep paying it as a “membership fee” to keep getting free money.  Now one might say that is an investment, but we’re not dealing with the stock market, we’re dealing different con artists.

Another common type of scam is the ebook or course that guarantees a six-figure income online in just a few weeks.  Making money on the internet is tough work, and if it was that easy the entire world would be glued to their computers all day making a killing.

Are Payday Loans A Scam?

The easy answer to that question is not all of them are a scam.  There certainly are some shady cats in the payday loan industry, but the few bad apples give all the tasty ones a bad name.  Most of the outrageous claims that they make are to get your attention and have you use their service instead of a competitors.  90% of all payday loans are the same, with the same interest and same speed.  The other 10% is broken into the low cost payday loan and the scam artists.

The most important thing is to trust your gut when you think that you may be facing a fast cash scam.  If you still aren’t sure, take a day to think about it and if it still makes sense then, go for it!

Is www.cashreallyfast.com a Scam?

Is www.cashreallyfast.com a scam? I can’t give you a definite yes or no since I’m not going to sign up for it, but I will show you what you’re really signing up for and why you shouldn’t.  There are millions of offers like this one and I really feel that it’s a watered down of the “bait and switch” marketing tactic.  They say that you’re getting something to get you to sign up and it turns out to be something different than you thought it was.  I say “watered down” because they have all of the correct copy writing in place to cover their butts, it’s just vague enough to get you to sign up without really knowing what you’re doing.

What Is cashreallyfast.com?

This site is not in the Google index.  If you want to find it you have to type the site into your URL toolbar.  When you arrive at the site you find a landing page filled with huge claims of instant access to lots of money.  They have big pictures, bold type, and “real” testimonials from happy customers that have gotten instant access to lots of money.  You automatically qualify for $7500 and you can choose an extra $3500 if you wish (who wouldn’t want that?!), and it’s not a loan and there’s no interest.  All you have to do is pay the $2.95 processing fee.  Sounds like the perfect setup for a scam!

The first red flag that should jump out at you is the line “$11,000 Is Yours For A Full 14 Days…”  What’s going to happen after the 14 days?

So What Are You Going To Get?

With a bit of hesitation I followed the link at the bottom of the page to see where it ends up.  This site is an affiliate site for a membership credit card company called First Freedom.  With an affiliate site, the site that generates the sale gets paid for you signing up.

Disclosure:  There are a few affiliate links on this site, but I’m not going to lead you into something that I don’t personally believe in myself.

So after following the link you’re led to a site that asks for your information to get an $11,000 line of credit.  There’s a big difference between a line of credit and a credit card.  A line of credit can mean that it can be with one business (AKA a department store credit card) and that’s what you’re going to get if you sign up on this page.  You’ll get $11,000 to spend on a catalog site that also comes with a $40 a month membership fee.

So what does the 14 days line have to do with anything?  If I can read the fine print properly (I may not) you’re going to get 0% interest for those 14 days and after that you’ll pay out your ass in interest on your purchases that you made with your “free” money.

First Freedom got in hot water doing this back in 2002 in South Carolina.  The South Carolina Department of Consumer Affairs has this press release that goes into details about the scam.

Pre-Qualified Vs. Pre-Approved

Pre-qualified and pre-approved look very similar on paper, but have very different meanings.  This trips up thousands of people every year, so don’t be upset that you don’t know.  If you’re pre-qualified for a loan, mortgage, or anything that means that you’re qualified to apply for it.  You aren’t bound to the deal, you’re just able to apply.  If you’re pre-approved for something all it takes is a verbal or written agreement and you’re bound to the deal.

Cashreallyfast.com and First Freedom both say that you’re guaranteed approval, so if you sign up you’re stuck with the deal until you figure out how to get out of it.

To sum it up, I can’t say that this is a scam, but I can say that it’s a bad idea.  If you’re looking for fast cash spend a few minutes cruising around this site for ideas on other ways to put some cash in your pocket.

Thanks for reading and be smart!

Lydia

How To Avoid A Bad Deal On A Title Loan

For every honest and reputable quick cash title lender out there, there is one that is going to set you up to repossess your car. It’s the ugly side of a not so honest industry. Many title lenders make more money from selling repossessed cars than they do from getting paid interest on their loans. What this means for you is that you have to avoid being set up like this. The most important rule is that you do not accept more money than you know you can reasonably pay back. Most title loans are repaid in full after thirty days, so if you don’t think you’re going to have that much money thirty days from today, ask for a smaller loan. Also, if you spend some time shopping around to find the lowest rates, you’re going to save yourself a lot of money.

3 Steps To Avoid A Fast Cash Scam

For every legit offer for fast cash, there are ten that are set up just to take your money. Scams are a dime a dozen, and with so many out there it’s difficult to know what is really going to work. I’ll give you some solid advice to know which are worth your time and which you shouldn’t consider.

The easiest way to the scams from the real offers is to watch how the word “free” is used. Money is never free (unless it’s in a birthday card from grandma). Money can’t be free or it will have no value. You have to think about the fact that if the offer that you’re looking at was legitimately giving away free money every single person in the world would be doing it! Rule #1 is free money doesn’t exist.

You must also watch the things that you have to do to get paid. If it seems fishy, it probably is. There are some people that make money by signing up for free offers. They make a few bucks doing this, but never cancel the free offer on their credit card after signing up and end up paying way more money than they earned in the first place! Rule #2 is if it sounds too good to be true, it probably is!

Pay very careful attention to what personal information that you have to give in order to get money. Be extremely wary of offers that require you to give your social security or driver’s license number, this is an almost sure fire guarantee that you’re about to be taken advantage of. You don’t know where that info is going to end up. Rule #3 is don’t give any info you don’t want the world to see.

Follow these three simple steps to protect yourself from the scams that thrive on the internet.

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