We also looked at the number of states each lender serves. In most of the Northeast and throughout the South, payday loans arent legal. Many lenders offer online loans in addition to having retail locations. An online lender has some advantages over a retail location.
For example, you can apply from your home, and online loans are more widely available. The drawback is you have to wait one to two business days for your funds to deposit. If you get a loan from a physical location, you get your money immediately. Alternatives to Payday Loans. You often hear that payday loans are something people turn to when theres personal loan unsecured good credit emergency expense like a car accident or medical emergency.
Thats not necessarily true.
But if personal loan unsecured good credit have lien on your vehicle you cant personal loan unsecured good credit it as collateral the bank needs something of value with no liens on it. And because of these two conditions from the banks many people cannot get a traditional consolidation loan, but fear not there is another option that everyone qualifies for.
And that is a consolidation program unlike the bank you do not need good credit in fact consolidation companies that offer these programs dont even do a credit check how great is that. Second you do not need any collateral for this loan because its really not a loan.
Let me explain. What happens is the consolidation company contacts all your lenders (they now represent you) and will re-negotiate a new re-payment plan. These new payments will be far lower than you are paying now.
So instead of paying all your lenders you now pay the consolidation company and they pay your lenders, youll never have to see or talk to your lenders again. Also, the consolidation company will get all the interest and fees stopped on the loans, thats why your payments will be so much lower, plus youre only going to be making a monthly payment to the consolidation company not weekly payments to the lenders.
Rapid Loans is committed to responsible lending. All loans are subject to an approval process which is subject to our lending personal loan unsecured good credit and an assessment of borrower suitability. 1 Subject to assessment of affordability and suitability.
All secured loans have a maximum Annual Percentage Rate (APR) of 48 or less. A secured personal loan of 2,500 with a 24 month term has a maximum total cost of credit, including all applicable fees, of 1,617. 43 which equates to a maximum Annual Cost Rate (ACR) of 48. 00 and a maximum Comparison Rate of 66.
For personal loans, there is a minimum loan repayment period of 6 months and maximum loan repayment period of 24 months.
In some cases, within minutes from when your application is submitted. How can I get a cash loan. Getting a cash loan with MoneyMe is quick and easy: Choose your desired loan amount and repayment period. Fill in your personal and bank account details, and supply a valid email address and mobile number. Receive a decision in minutes. Once approved, we aim to have the cash in your bank account within the hour.
MoneyMe is a small, responsible finance provider offering cash loans to Australians minus the paperwork, long wait times, hidden fees and fine print.