A short-term decision can help to get through the hard times until your next paycheck when unexpected expenses arise.
You can get it online or in the nearest sale office. You should be over 18 years old, have a bank account and income source to apply.
Amounts range from $250 to $40,000 and are offered by banks, credit unions and online lenders. The amount borrowed will be directly deposited into your bank account.
This can be a good alternative to a credit card. First, you get a lower interest rate but in most cases, you will not get grace period.
The main advantage over a credit card is a possibility of better management of your finances. Fixed and predicted payment schedule will help you.
Securitisation means the lower interest rate and better fees options. Successfully fulfilled obligation can make a better influence on your credit history and you will get better interest rate in future.
Rates should be clear - this is the rule in the US. According to the federal Truth in Lending Act the lenders must disclose the cost of the loan.
Lenders must give their clients the finance charge (a dollar amount) and the annual percentage rate (APR — the cost of credit on a yearly basis) in writing before the agreement will be signed.
The APR will vary depending on the following conditions: loan amount, the interest rate and credit costs, and the length of the agreement.
Short-term loan which can be used for different purposes. This type of loan can be secured or unsecured. Borrow limit differs from a lender.
This can be a good alternative to a credit card. Usually without any grace period, but the cost of money is lower. You can borrow online or in your local credit store.
Your credit score affects the interest rate, so if you are going to get some cash, check your credit score first.