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Smart Help With Payday Loans



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  • Smart Help With Payday Loans

When most people are thinking about how to get out of payday loans, they often assume that the solution is paying off the loan with another. However, it isn’t. Unfortunately, this is an all too familiar problem.

It is common knowledge that it can be quite scary to be in payday loan debt. If you have a looming repayment date and cannot afford to repay, there’s some light at the end of the tunnel. All you have to do is follow the 5 steps below to help in dealing with payday loans that you are unable to pay.

  1. Stop Panicking

Payday loans are often marketed as a way to fund a ‘one-off’ expense that’s unexpected, such as a car MOT. However, the reality is that about 40 percent of people use payday loans to pay for essential items such as gas and food or rather getting to work and putting food on the table.

25 percent of people use payday loans to repay other forms of credit. If payday loan debt is something you are struggling with, stop panicking since you are not alone. It is possible to become debt free without the need to take any additional loans.

  1. Step the Borrowing Cycle

One common trap that people tend to fall into is not actually being unable to afford it in the first place, but rather feeling that there’s no way out besides taking out another loan followed by another, and so on.

You must stop this cycle. Taking out loans constantly one after the other might seem like a fix to your problems, but it isn’t. Drawing a line undertaking multiple payday loans will help you stop sliding deeper into debt.

  1. Cancel Your CPA Payday Loan Payment

Payday loans are non-priority debts, which means that they should only be paid from the money that remains after you have paid priorities such as living costs, food, household bills, mortgage, and rent. If by paying back your payday loans means that you will run short of money to pay for priority expenses, you need to stop the money being taken.

When you were applying for the loans, you provided your card details to set up the Continuous Payment Authority (CPA). It is how the vast majority of payday loan companies take repayments. However, it is a direct link to your bank and the payday lender is free to take the money whenever they feel like it. If you don’t have sufficient funds to cover the full repayment they often try several times.

If you don’t have enough money in your account, the bank will slap you with some charges. So, if you are unable to afford it, it is better to cancel your CPA. It is easy to do:

– If it is the date the payment is due, call your bank and request for the cancellation of the payday loan payment.

– If it is between 1 and 5 days away, email a letter to your bank.

– If it is more than 5 days away, send a letter to your bank by post.

To keep the payday loan company in the loop, it is advisable to send a copy of the template letter to them too. However, do this only after the bank cancels the CPA.

  1. Repay Only What You Are Able to Afford

One of the main issues that people have over the operations of payday lenders is the collection process. The reality is that nobody can make you repay more than you are able to afford. You can tell how much that is and even prove that to the payday lender using tools such as the Debt Remedy tool.

What is Debt Remedy?

It is an approach to giving free debt advice online to anybody in need of it. It is both a debt solution and money management tool that works out the available options depending on your budget. It is easy to use, quick, and you never even have to provide your name.

How Do You Use the Tool?

You simply enter your income and outgoings. The tool will then budget payments such as bills and rent to ensure that the most important companies and people get paid. It then provides you with a personal action plan that will help you deal with your debts including any further step you should take.

Can I Talk to Somebody?

Yes. If this is what you prefer, you and call and speak to one of the debt advisors.

  1. Living a Life Without Payday Loans

You have stopped the borrowing cycle and regained control. With professional debt advice and budgeting assistance through the Debt Remedy tool it is possible to manage your outgoings within your income, without having to take additional credit.

Its possible to clear your arrears, budget for priorities, budget for future payments, and receive one of a range of debt solutions to help in the management of your debt over the longer-term, but only if you have the right partner.

CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade experience in the global financial markets.

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Dangote Sugar Refinery Postpones Board Meeting Amid Social Unrest



Dangote sugar refinery

Dangote Sugar Refinery Has Postponed Board Meeting Scheduled for Today Amid Social Unrest

The management of Dangote Sugar Refinery Plc on Friday said they have decided to postpone the company’s board meeting scheduled to hold today October 23, 2020 to a date they will communicate soon.

The management said the decision was due to the ongoing precarious situation in the country, especially the attacks on various establishments since governor Sanwo-Olu imposed a 24-hour curfew on all parts of the state.

In a statement signed by the company secretary, Mrs. Temitope Hassan, Dangote Sugar Refinery said “Further to our announcement made on October 8, 2020, the Company wishes to notify the Exchange and the investing public that the meeting of the Board of Directors of the Company earlier scheduled to be held on Friday October 23, 2020 to consider the draft unaudited financial statement of the Company for the Q3 ended September 30, 2020 has been postponed in view of the current precarious situation in the country.

“The new date for the meeting will be communicated as soon as normalcy returns. The Closed Period which has already commenced will continue till 24 hours after the filling of the Results.

“No insider of the Company, including its Directors, Employees, Advisers and Consultants and their connected persons may deal directly or indirectly in the Shares of the Company during the Closed Period.

All Dangote Sugar Refinery Plc Insiders have been duly informed.”

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Put a Total Ban on Importation of Tomato Paste, Dangote Tells FG



tomato paste

Dangote Calls for a Complete Ban on Importation of Tomato Paste

Dangote Tomato Processing company has called on the Federal Government to put a complete ban on importation of tomato paste into the country.

Abdulkarim Kaita, the Managing Director, Dangote Tomato Processing Plant situated in Kadawa, Kano State, made the call while flagging off the distribution of tomato seedlings to 5,000 farmers under the Central Bank of Nigeria’s Anchor Borrowers programme.

Kaita, who said the company was working with the CBN to provide tomato farmers with high yield seeds that would allow them to produce a minimum of 40 tons per hectare, said “We are appealing to the Federal Government to put a total ban on the importation of tomato like what it did to rice.”

Kaita said the call was important to deepen local production of tomato and ensure the country was self-sufficient in tomato production.

Speaking further, he said a complete ban of tomato past importation would lead to more investment in the industry and foster growth of processing plants, a move that would increase job creation opportunities for many people in the country.

“It is only by putting a total ban on tomato importation that the government can encourage farmers to grow the commodity for the country to be self-sufficient,” he said.

He added that “There are 12 major tomato producing states in the country which if fully cultivated, in the next one year Nigeria will be able to start exporting tomato.”

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Livestock Feeds Appoints Adegboyega Adedeji as Substantive Managing Director



Adegboyega Adedeji is the Substantive Managing Director

Livestock Feeds Plc on Monday announced it has appointed Mr. Adegboyega Adedeji as the company’s substantive Managing Director, effective from 2nd October 2020.

In a statement released on the Nigerian Stock Exchange (NSE), the company said Mr. Adedeji was the Acting Managing Director of the Company before he was appointed as the Managing Director.

It added that Mr. Adedeji was “formerly the General Manager, Sales and Operations responsible for all sales activities and the strategic development of the Company’s markets, along with new products portfolio generation and development.”

He graduated from the famous Obafemi Awolowo University, Ile-Ife in 1996 and had his MBA from the University of Roehampton, UK in 2018.

He worked with Grand Cereals Limited as Regional Sales Manager before becoming their procurement manager. He moved to UACN Plc in 2007 as the Training Services Manager, a position held till September 2009 before he was transferred to UAC Restaurant.

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