[…]Account Often Gives Greater Returns Big institutions like banks will often offer low-interest rates for savings accounts. This makes it great to have a savings account for the long term. But in the short term, you won’t make as much money. With a Bitcoin savings account, you could be looking at returns as high as 20%. That’s a huge ROI for a simple savings plan and one that allows you to cash in more often. While the price volatility is a downside in some regards, it’s a huge advantage in others. Your Bitcoin savings can accrue a lot of interest thanks […]
[…]to help. Borrowing from your loved ones is the best solution since there are typically no interest rates involved and repayment terms are much more flexible. Financial matters can cause tension in relationships though, so it’s understandable if you don’t want to ask your social network for money. Use a Payday Loan If you’re employed, then consider getting a payday loan to make a loan payment on time. However, you should only save this for emergencies, as payday loans come with the highest interest rates around. But they can help you in a flash since the application process, approval, and […]
[…]the main ones you should be aware of. Interest Rates Are High If you think credit card interest rates are high, then wait until you see the ones attached to payday loans. Some states don’t have rate caps; for example, before one was introduced in Ohio, payday loan rates stood at 677%! In the state of California, the typical interest rate is 460%. But if desperately need money and are certain you can immediately pay off the loan with your next paycheck, it can save you in a pinch. Rollovers Can Add Up While rollovers are handy when you can’t pay […]
