All posts by scottalbassam

Borrower Rights and Responsibilities in Virginia

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Borrower Rights and Responsibilities in Virginia Please take the time to carefully review the information contained in this pamphlet. It is designed to advise you of your rights and responsibilities in connection with obtaining a motor vehicle title loan in Virginia under Chapter 22 (§ 6.2-2200 et seq.) of Title 6.2 of the Code of Virginia. If you have any questions about motor vehicle title lending or want additional information, you may contact the Virginia State Corporation Commission’s Bureau of Financial Institutions toll- free at (800) 552-7945 or on the Internet at http://www.scc.virginia.gov/bfi. In General: You are responsible for evaluating whether a motor vehicle title loan is right for you. Alternatives may include among other things less expensive short-term financing from another financial institution, family, or friends, a cash advance on a credit card, or an account with overdraft protection. Notice from Lender: A motor vehicle title lender is required to provide you with a clear and conspicuous printed notice advising you that a motor vehicle title loan is not intended to meet your long-term financial needs; that the interest rate on a motor vehicle title loan is high; and that if you fail l to repay your loan in…

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DO’S & DON’TS OF SAVING MONEY

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Do: Plan ahead when grocery shopping. Cut coupons, make a list, and price match. How much money can you save in one trip to the store? Don’t: Impulse buy or use coupons just because you have them. Going into the grocery store without a plan is dangerous! Make sure that you are monitoring what you are buying and aren’t frivolously spending money on things you don’t need. Do: Buy in larger quantities. Most stores offer discounts for buying in bulk. Refrigerate or freeze leftover food to last longer. Don’t: Waste leftovers. Bring these items for lunch, or save for the next night. You’ll save money and get to enjoy a delicious meal one more time. Do: Eat at home! Not only can you save money by cooking at home – your health will thank you later. Don’t: Buy fast food. These items may seem more convenient – but can end up being more expensive in the long run. Save money and your waist line by avoiding fast food when you can. Do: Utilize cell phone savings. Monitor cell phone usage and downgrade to a lower plan if you can. How much can you save on your cell phone bill by…

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HOW TO GROCERY SHOP ON A BUDGET

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Grocery stores and food brands understand how the average person likes to shop. Besides manufacturer placement and easy prepackaged foods, grocery aisles are full of psychological traps and seemingly good deals.  Although this can make for a pleasant customer experience, the effects on a shopper’s wallet can be less than frugal. If your goal is to spend less on groceries, consider the following traps and tips on your next trip: 1 – Prepare with a meal plan Let’s get the obvious one out of the way. Before you go shopping, check out your grocery store’s deals and coupons for the week. Plan your meals around these items and buy in bulk if it fits your budget. Also, keep in mind what you already have when making a list. This will help you stay organized and purchase only what you need for the week. 2 – Avoid eye-level buys When in a grocery aisle, where do your eyes generally gravitate? If you said straight ahead, you’re like most shoppers. Manufactures realize this and pay for shelving placement. This shelving real estate causes the price to increase and as a result shoppers are spending more. Next time, make a conscience effort to…

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