News & Tips on Personal Financing

Avoid Tax Refund Loans – San Diego, CA

Many San Diego residents anxiously await their tax refund every year, using the money for everything from a yearly indulgence to paying monthly bills. When tax refunds are delayed, as they have been in recent years, some San Diego taxpayers are in such desperate need that they’ll turn to a kind of last resort: tax refund loans.

Originally labeled Refund Anticipation Loans (RALs), these somewhat shady financial products were offered by San Diego banks and tax preparers to provide cash based on the anticipated refund, at very little risk to the lender. Read the rest of this entry »

How to Pay for a Divorce in San Diego

A San Diego divorce is complicated, no matter how ready both parties might be to end the relationship. The emotional distress that comes from ending a once loving union can be devastating, and the financial consequences of the “division of assets” can have life-long implications.

The numbers aren’t pretty. The divorce rate in San Diego is estimated to be higher than the national average of 40-50% of all marriages. When people think about a San Diego divorce and finances, they are usually thinking about the division of property, child support, and alimony. But there is another money issue to consider—how to pay for your actual divorce in San Diego. Read the rest of this entry »

San Diego Payday Loan Alternatives

All you need is a little cash to hold you over until you get your next San Diego paycheck. Maybe you’ve had an unexpected expense, like a dentist bill or a car problem, and you simply don’t have the cash you need to get through the month. The strip mall on the corner advertises San Diego “payday loans” in flashing neon. That sounds like a good idea, right?

San Diego payday loans are short-term, unsecured loans that are meant to be repaid at the borrower’s next payday. The lender usually verifies the borrower’s identity, and requires a San Diego bank statement or pay stub to confirm employment and income. The borrower then writes a postdated check for the full amount of the San Diego personal loan, plus loan fees, and when the loan is due, the borrower either pays in person or the lender cashes the check. That sounds like a simple enough solution to your short term cash flow problem, but anything that sounds too good to be true probably is. Read the rest of this entry »