From time to time, you may find yourself in financial situations that you need a little help with. Emergency medical bills, a broken car or a roof that needs fixing. In all these scenarios, you will need an emergency cash boost and that is where cash loans come in handy. Taking out a cash advance is a smart move to deal with emergencies. Typically, cash loans are small and unsecured loans that you borrow to deal with a financial emergency. Depending on where you live or lender, the loans come with different names such as installment loans, online loans, and payday loans among others. Accessing credit facilities from the conventional lending system is quite difficult because of their strict regulations. We are here to help you by linking you to a pool of lenders who will finance your loan.
What Will I Use The Loan For?
Payday loans are usually taken out to deal with emergencies. You should have a solid financial plan that will help you overcome poor financial choices. Some of the common reasons why people opt for instant loans include:
- Emergency dental work
- Paying unexpected bills
- Emergency home repairs
It is imperative that you do not end up relying on the loans to make ends meet each month or any type of frivolous spending. Instant credit is usually meant for emergencies and you should only use it if you are looking for a better way to overcome the financial challenge. We have many lenders in our network and you can find a solution for any financial emergency. It is imperative that you do thorough research on a lender before you take out a loan from them. Some of the most important questions that you must ask include interest rate, repayment period and the fees associated with the loan.
How Do Cash Loans Work?
Cash loans, just like any other type of loans, carry interest and a repayment period. If you are looking for a loan and opt for instant credit, you should understand the process and what is required from you as a borrower. The loan request process has been simplified with easy-to-fill-out forms. Once you have filled out the form and submitted it, we will link you to the lenders in our network. Your lender will evaluate your loan request and give you immediate feedback. If you are approved, you will get the money in your checking account and you can use it for whatever you wish.
Instant credit is meant for dealing with emergency situations. The terms of the credit may differ from one state to another or from one lender to another. Read the terms and conditions carefully before you take out the credit. You can check with your lender on the charges of the loan if you fail to repay it on time. An annual percentage rate is an important feature because it will determine the amount that you are required to repay in the future. When repaying any loan, you should look at the interest rate because it will tell you the amount of money that you are required to repay. You can use loan calculator. By varying the debt period and monthly installment, you will be in a position to know if a loan would suit your needs and requirements.
What Are The Requirements?
Different states and lenders have varying requirements and you should understand the prerequisite of the loan before you sign any document. Main requirements include:
- A valid national identity card
- A working checking account
- A proof of income or employment
- You are not an active military personnel
Your lenders will perform a soft credit check to verify the validity of the information that you have given to them. Once your information has been proven to be true, the next item will be loan disbursement. You will be notified on the progress of your loan and you should choose a solid plan that will allow you to repay the loan on time.
I Have Poor Credit Score. Will I Get The Loan?
A common fear that many people have is that their poor credit history will be an impediment when it comes to loan acquisition. The truth of the matter is that we connect you to lenders who will give you credit even when you have a poor credit score. As long as you fulfilled the criteria that your lender needs, you will be in a positioning access the loans. Affordability checks are also important because it will help your lender know if you can afford to repay the loan. It is important that you have a solid financial plan which you can follow up to help you overcome debt.
Late Repayment and Credit Score
Late repayment will affect your credit score because your lender may report you to credit bureaus if you fail to repay the loan and all collection practices have failed to work on you. While this does not mean that you should default the loan, look for ways that can help you deal with the loan with ease. Try to repay the loan on time to avoid complicating your credit issues with the bureaus.
- We have made the credit request process faster and easier online.
- Once you have filled the loan request form and submitted it to us, we will forward it to your lender and you will receive notification as soon as your request is approved.
- The process is very fast and your money will be transferred into your account as soon as your lender approves your loan request.
Benefits Of Instant Credit
If you are facing a financial challenge and want to deal with it as soon as you can, instant credit can be your answer. We recommend responsible lending where you borrow money that will help you and you will be in a position to repay the loan on time.
- You can deal with emergencies with ease
- You can repay the loan by your next paycheck
- Poor credit score is not a problem
- You can negotiate a good interest rate with your lender
When you require cash on a short notice, these loans will always be readily available. Regardless of what you want to do with the cash, we partner with lenders who are willing to give you a loan to fulfill your specific need.