Things You Used To Need Loans For – Part 2

People are trying hard not to get into debt again after the global financial crises (GFC) back in 2008. So they are opting to save money before making that purchase that they would have just took out a loan for previously. And they are also opting for a cheaper version of what they would have bought. For example, a young family may have bought a nice new BMW with the whole thing financed to the max, whereas now they may still buy a new car, but go for a Ford purchased with cash or mostly with cash and a small section of it financed.

So what are some other things we used to need loans for but generally no longer take out a loan for these products / services?

Buying A Boat

People used to spend upwards of a million dollars on a nice boat. That being said, they weren’t spending much of their money, most of it was borrowed. And when the GFC hit, they lost their boats and often homes as they were out of the job and were making no money. They were unable to make the repayments. Nowadays, people are opting for smaller boats and again, they are less likely to spend so much on such a large boat and will opt for a much more reasonably priced one. And in the process, people are taking out a much smaller loan or no loan at all.

Brest Augmentation Surgery

Brest augmentation surgery is a very expensive procedure which can cost up to around $20,000. So what many women are doing is opting to have the surgery done in a third world country such as Thailand, Mexico, etc. The idea is that they get a holiday and the cost of the surgery for far less than the price they can get it done in the US. However, these surgeries can often cause problems in these places such as infections or even a very unattractive job. For a cheaper option that is not as risky as breast implant surgery in a third world country, try breast enhancement creams. They are a far cheaper and safer option than breast implant surgery.

Sending Your Kids To A Private School

It used to be far more common for kids to be sent to private school. However, after the GFC, private school rates have actually dropped off and parents are opting to take their kids to public school instead. While some public schools are better than others, kids can still get a good education but may need more input from their parents in form of tutoring.

Why More People Are Now Taking Out Loans for Plastic Surgery

In the past few decades, plastic surgery has gone from a rarely conducted procedure to an incredibly common phenomenon. People worldwide now openly and frequently turn to plastic surgery to change their undesirable features, to enhance what they already have, or even to correct drastic changes in their bodies. With so many people hoping to look their best – if not even better – and to achieve perfection with little effort and time, plastic surgery has become a fact of life. Choosing to undergo any plastic surgery procedure isn’t a simple decision, however. In addition to medical concerns and potential drawbacks, every patient must also consider the financial implications. Plastic surgery isn’t a cheap choice, and that’s why so many are choosing to take out loans in an effort to afford the procedures they desire.

With the average cost of a plastic surgery operation at about $6,000, it’s a very expensive venture for most individuals. Even a single, simple Botox treatment costs $500 – and most do not sit for only one session. Because these surgeries are not covered by medical insurance, patients are left to figure out how they can afford the body they desire with nothing more than their own bank accounts. However, financing and loan institutions can make paying for those procedures far less of a struggle for those who need cash. It’s important to understand what happens when you decide to finance your plastic surgery, and what it takes to qualify for one of these special loans.

If you choose to seek a loan for plastic surgery, you’ll find that it’s quite easy to get financed. One reason that plastic surgery loans have become such a popular option is this ease – with only your name, your personal information, and your social security number, you can receive a loan in minutes. Those with good credit can be approved immediately, and even those with weaker credit can find a way to secure a loan. Once this process takes place, the loan providers takes care of the payment for your plastic surgery procedure, and you can undergo the operation worry free.

Additionally, for those who are in good standing credit-wise and fiscally responsible, taking out a loan for plastic surgery comes with few drawbacks once the procedure ends. All you are left with is the responsibility of paying a few hundred dollars each month – and you can even reduce the length of the repayment period by making larger payments when able to. For many, the flexibility these loans offer makes them incredibly worthwhile when interested in cosmetic procedures, and can help achieve desired results with little worry.

Keep Your Skin Looking Great Cheap

Protecting your skin and working to keep it looking its best is a lifelong effort. With so many different products, such as creams and cleansers and pricey enhancers, it can be difficult to choose which ones are actually beneficial and best for your skincare regimen. Will that expensive eye cream really pay off in a decade? Can that cleanser keep wrinkles away in 20 years? Instead of turning to overpriced items, you can find reliable, affordable ways to keep your skin at its best with a few at-home changes.

Make Sure to Rinse and Repeat

Washing your face is crucial to keeping it shining, smooth, and healthy. Make sure your skin looks great by washing your face both in the morning and in the evening – even if you’re exhausted and just want to crawl into bed. Skipping that nightly face wash leads to a buildup of oil and dirt, which create blemishes, breakouts, and even bacterial growth. Use a gentle cleanser, or even cleansing wipes followed by a quick rinse, to remove all of the day’s gunk and grease from your skin.

Steer Clear of Sunlight

One of the biggest skin damage culprits is the sun itself, so it’s important to keep your skin well protected whenever you step outside and into its UV rays. According to the Mayo Clinic, prolonged and unprotected sun exposure is what causes most of the negative effects seen in aging skin. Each time you leave home, make sure you’re wearing sunscreen on your face – either high SPF sunscreen, or a moisturizer with a light SPF. If you’re planning on being outside for awhile, add a hat to your outfit to keep sunlight off of your face.

Slow Down with Less Caffeine

Caffeine is a fantastic thing to wake up with, but it isn’t a very good friend to skin. Drinking too much coffee, or ingesting too much caffeine, dehydrates the body and dries out skin – not just on your face, but also the entire body. Sipping too many cups each day will lead to dulled skin, which makes any fine lines or wrinkles appear even deeper.

Get That Sculpted Body At A Fraction Of The Cost

If you want a sculpted body, there are two common options: shell out a significant amount of money for surgeries, sculpting procedures, and products, or pay the price of a personal trainer who can get you sculpted with a lot of hard work at the gym. Yet these two options aren’t the only ones you can consider. It’s easier to achieve an incredible sculpted body with little effort, and little expense, as long as you know what your body needs. Sure, shortcuts are never the way to get healthy and fit – but with the following tips, you can work your way to sculpted without spending too much.

Change Your Weightlifting Habits

Lifting weights is a great way to see definition and results as you work to sculpt your body – but you don’t need a pricey trainer to get those results. You just need to lift at a different tempo. Although the act of lifting the weights themselves is the hard work, it’s the speed at which you actually move them up and down that makes a difference. Stick with a 2-4 count while lifting: count two full seconds while you move the weights upward (or out, or back), and count even more slowly to four full seconds as you return them to your starting position. This carefully controlled change will increase your strength gain.

Try Interval Training

You probably have a favorite gym machine, or piece of equipment – and you might also stick with just your favorites, neglecting other options. Change up your workout and include interval training, and you’ll see sculpted results. Instead of spending hours performing cardio exercises, increase your body’s ability to burn fat with several short bursts of cardio. You’ll push yourself to new heights and abilities when working out in short intervals rather than a single steady pace.

Utilize Supersets, and Rest Less

If you really want to see sculpted muscles popping up all over your body, try supersets for quick and effective results. Rather than working a variety of muscles groups and varying your exercises, supersets require you to focus on just one group of muscles for three or more exercises. For example, if it’s your abs you want to sculpt, perform five back-to-back abs-only exercises before moving on to the next muscle. By upping the intensity and concentrating your efforts, your muscles will burn even more.

What Kinds of Money Loans Are Available?

Loans are an amount of money, considered as debt, provided by an institution to another party in exchange for an interest that is payable up and above the principal amount. Loans can be classified as secured and unsecured loans. Secured loans are loans where the borrower pledges an asset, usually a property, known as a collateral. Unsecured loans, on the other hand, requires no collateral against the borrower’s assets and usually have high interest rates.

Long Term Loans

Long term loans are generally understood to be loans that are payable for a period of more than a year. Financial institutions such as banks and credit unions are usually the ones that offer these types of loans. These are usually secured loans that are close-ended. The loans are usually worded in such a way that the assets used to collateralize the loan cannot be utilized for other loans. An example of this is, again, the mortgage in your home. Businesses can also secure these loans for expansion, equipment and property acquisition.

Short Term Loans

Short term loans, on the other hand, are usually personal loans that can be used for any purpose and payable within a short, specific period of time. Usually, short-term loans incur a high rate of interest and can easily pile up if not attended to in a timely manner. For personal loans, some people need loans to pay for their rent and with food being so expensive, they may even need short term loans to pay for the groceries. For businesses, short term loans can help in their immediate financial needs such as payables, payrolls and the likes. In this case, it is referred to as bridging loans. Individuals can also avail of short term loans for their needs.

An example of a short-term loan for an individual is a payday loan or paycheck loan. Here, if a person needs to have money for an emergency. He goes to a place that offers payday loans and borrows the amount that he needs. He would then issue a check that will correspond to the amount that he borrowed, plus the interest, usually at around $15 to $30 for every hundred, and he has to fund that check within the next 14 days. Hence, the term payday loan.

If he fails to pay on the appointed date, then the loan is rolled over until the next payday, with the corresponding interests compounded thereto. In this scenario the borrower can quickly find himself paying much more than the principal amount in such a short time. It is strongly advised that borrowers be aware of the risks that are involved when availing of this type of loan. Since the practices can be predatory, this industry is strictly regulated by the government.

Top Reasons Why People Go Bankrupt

Bankruptcies are increasing at an alarming rate in the United States. More than 1.5 million people file for bankruptcy every year according to US bankruptcy court statistics. Shocking isn’t it?! And what’s more, nearly 97% of these bankruptcies are made by individuals, not by businesses.

So what are the top reasons why people go bankrupt?

Stock Market

The stock market can be unpredictable at the best of times. And it can be a little like going to the casino whereas you get very addicted to the making easy money part and when you lose some you feel like you need to win it back. This can be a very downwards spiral and can often lead to bankruptcy. It may be a good idea to set aside some money for the stock market (if you are already planning do playing the market) and if you lose it, don’t go dipping into your savings. Keep in control and do your research.


In the United States, the number one reason why people go bankrupt is because of medical expenses. Most of these cases are unexpected medical expenses from people falling ill and not having the right medical insurance. These are very sad cases as people are going through possibly the most difficult time of their life and if they get through it, they then have so much debt that they go bankrupt. Other medical reasons are that people may be impulsive and decide to get surgery done to lose the extra pounds to become slim, or even cosmetic surgery to look better. These surgeries often end up being more expensive then the patients realize which leads to major money issues.

Job Loss

The job market can be very up or down. At times, it seems like there are thousands of jobs available and you get offers thrown at you. And other times there seems to be nothing at all available and if you lost your current job, you would be in trouble. And that is exactly what happens. The job market is very slow, and you lose your job. You cannot pay for your mortgage or bills and end up going bankrupt. Always have a plan b and have some savings ready for this situation (at least to get you through a few months to a year).


Divorce is a very emotional time in your life if you are unlucky enough to go through it. But it can also be very expensive. They are expensive even if you don’t count lawyer fees. But if lawyers get involved, they may end up taking you to the cleaners and both you and your ex may end up bankrupt. Or perhaps one party does much better than the other. It can be a very messy time in your life.

Things You Used To Need Loans For

Whiten teeth

There have been many advancements with medicine and technology which has meant cheaper and more effective goods and services. Because things are getting cheaper and more for the mass market, loans are not as popular as they used to be. The exceptions however would be buying a house and a brand new car. Loans for these are still strong. So what are some things that we used to get loans for but no longer do?


It used to be so expensive to travel on planes and we didn’t have the disposable income to travel, so what many people did was to take out a loan to go on a holiday. I guess pressure from kids wouldn’t help here, as they always want to be going somewhere on holidays. But now we seem to have more disposable income which means that we can actually save money in a short amount of time before we go on holiday. This means that we no longer need to take out a loan for one.

Whitening Your Teeth

Back in the day, if you wanted to whiten your teeth, you would need to go and visit your dentist several times. However, you can do this now in the comfort of your own home with whitening strips. And they are far cheaper. So anyone and their dog can now have whiter teeth. Disclaimer, do not use whiting strips on a dog / animal and see your doctor first to make sure whitening strips are good for you.

Surgery To Remove Stretch Marks

Back in the day, there was only really one way to remove stretch marks. Surgery. Well besides some of those home remedies, but who knows if they really work. Having stretch marks can really affect your confidence but to remove stretch marks is difficult and expensive. Well it used to be with surgery. But these days there are so many options to remove stretch marks including many different types of creams and topical applications, pretty much anyone can now get rid of their remove stretch marks. Please check with your doctor first before using these kind of products.

Buying A Car

While you would still probably need a loan to purchase a new car, many people these days are buying used cars in order not to have to take out a loan. After the GFC back in 2008, it seems that people are now a little more cautious before taking out a loan on everything. Hopefully this will avoid another GFC.