How Much Money Should You Spend on a Wedding Ring?

wedding rings

If you’re preparing to tie the knot with your significant other, you’ve probably wondered, how much should you spend on a wedding ring? You may feel pressured by societal standards to shell out big-time on a ring, but at the end of the day, it’s what the ring symbolizes that is far more important than […]

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What is Total Gross Annual Income?

tax returns

Feeling confused as to what is total gross annual income? You’re not alone. We get questions about this topic frequently at Xpress Cash, and the answer is pretty simple! Total gross annual income is the total amount of money an individual earns from all sources in a one-year period before taxes. When you’re filing your […]

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How Much of Your Income Should You Save?

Woman Putting Coin In Piggy Bank

Once you begin to earn a stable income, you should eventually be wondering, how much of your income should you save? Most financial experts recommend that ideally, 20 percent of your income should go to savings. Below, the team at Xpress Cash will break that number down to show you where to assign those savings […]

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What Happens If You Lie on Your Loan Application?

Filling out an application

If you’re facing financial hardship and need to take out a loan for help, you might be considering bluffing on your application. Lying about income on a loan application is the most common aspect for applicants to forge. You might be thinking something along the lines of “It’s only a white lie, what could go […]

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How to Verify Income for a Loan

In order to get approved for a personal loan, lenders need to know that you’ll be able to repay it. As such, they’ll want to review various aspects of your financial situation, including your income. Loan applicants will be asked to provide income verification in the form of certain financial documents, including paycheck stubs, bank […]

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Can You Have Two Payday Loans at Once?

The answer to the common question of “Can you have two payday loans at once?” depends largely on what state you live in, as the law will vary across state lines. Here in Michigan, you as a borrower can legally take out a maximum of two payday loans at once, so the answer is yes. […]

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How to Get Out of Payday Loans

When you take out a payday loan, you may only intend to borrow a small amount. After all, the amount you qualify for is based on how much your next paycheck will be. However, things can snowball quickly and it’s more common than you might think for borrowers to miss their payment due date, which […]

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Can You Get a Payday Loan While on Social Security?

The short answer to the question of “can you get a payday loan on Social Security?” is yes  – payday loans require proof of income, and Social Security funds are often considered to be a valid form of unearned or alternative income. Be prepared for potential lenders to ask for a copy of your Social […]

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What is an Income Verification Letter?

If you’ve ever been asked to supply an income verification letter when applying for a loan or a new credit card, you may have been left wondering “What is an income verification document?” Income verification is a common way for banks, lenders, and other institutions to get legal proof of salary for their applicants, ensuring […]

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Short Term vs. Long Term Loans

Woman giving money to a man

If you need to take out a loan, you may be feeling unsure about whether a short term or long term loan is the right option for your needs and financial situation. At their simplest definitions, a short term loan is a loan that is repaid within one year, while a long term loan can […]

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