A Payday Loan Lender Sheds Light On Home Security Systems

October 18, 2012

Few things are worse than have your home burglarized and a payday loan lender knows that. In addition to the financial damage caused by home invasions, the intrusion on one’s privacy can cause serious emotional and psychological damage. After a home robbery, many people feel unsafe in the one place that is supposed to provide sanctuary, leaving deep scars that aren’t easily erased.

The need to feel safe is an influential human emotion, often leading people to secure themselves and their families by investing in home security systems. While the desire to ensure safety by protecting one’s family and assets is a natural and reasonable response, spending money on a home security system may not be the best solution.

A reliable payday loan lender knows a bit about the lengths that people will go in order to provide for and secure their families. Most payday loans are borrowed to cover recurrent expenses and most families who rely on these services are doing their best to keep their homes, credit, and family lives in good repair. A home security system may seem like a good way to further protect one’s assets and families, but the additional, recurrent monthly fees associated with security monitoring systems might not be the most secure choice for one’s financial safety. In fact, it could be the monthly fee that tips the scale, leading to payday loan reliance and the associated costs.

There are approximately 18 million home security systems currently in the United States. With a monthly service fee of anywhere from $25 to $ 100 per house per month, home security is a thriving multi-billion dollar industry. While the services provided by home security companies can potentially outweigh the monthly costs, they may not have the results that one expects.

Because security systems only sound an alarm that alerts the police of an intruder, they are not always deterrents in themselves. Police response times to security alarms are notoriously slow, at 30-45 minutes in large cities, according to the Security Industry Alarm Coalition. Police respond to a great deal of false alarms, making their reaction to home security warning systems less than prompt. Similarly, robbery isn’t always a priority, thus further encouraging a slow reaction from law enforcement. With these response times, a home invader may be able to escape without consequence.

Yet, alarms do have their benefits. On average, insurance companies provide discounts of over $ 200 per year for home owners who install alarm systems. Additionally, a 2009 study from Rutgers University’s School of Criminal Justice found that neighborhoods with a higher concentration of home security systems have lower rates of home invasion. Thus, it appears that having a lot of neighbors with alarm systems can be as much of a deterrent as having an alarm yourself.

Furthermore, alarms do reduce the amount stolen in a home invasion. Although thieves know that they have time to do their deed because of slow police responses, they do it quicker than if no alarm was sounded at all. The Electronic Security Association claims that, on average, homes with security systems lose $ 2,000 less in an invasion than homes without a system. Because burglars know that the police are on their way, they take less time and thus less stuff.

While the peace of mind associated with having an alarm might be worth the monthly expense, it is important to know what one is actually paying for. It might be better to save the monthly fee and, in-turn, . A set of good locks might be a better investment, in the long run.



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