Company description
This is because installment loans companies do not solely make their decision to lend based on a persons credit history. As long as you fulfil the application criteria you have a good chance of obtaining a installment loan. For many people a payday loan may be the only way they are able to obtain credit, especially in the current financial climate where the majority of lenders are unwilling to provide loans altogether, never mind to a person with a poor credit history. Use of the Loan Money You do not have to tell the installment loan online provider what you need the payday loan for. You can use the money for whatever you want. You may need money in an emergency which can not wait until payday for instance; emergency medical or dental treatment, to settle a bill quickly, extra spending money on holiday or even for a romantic weekend away. The choice is yours as long as you make the repayment due on the repayment date. No Upfront Costs There are no upfront costs associated with a installment loan. You do not pay anything back until the repayment date you have agreed to in the loan agreement. Why does the APR appear high on payday loans? The APR applied to installment loans appears at first glance to be high. This is very misleading, but there is a simple reason why this figure looks so high. APR is an Annual Percentage Rate, and as such is calculated over a whole year (365 days). However, a payday loan is taken usually only over a number of days or weeks.
http://www.paydayonlinecash.com/installment-loans.html
More details
- Installment Loans
- Why does the APR appear high on installment loans? The APR applied to installment loans appears at first glance to be high. This is very misleading, but there is a simple reason why this figure looks so high. APR is an Annual Percentage Rate, and as such is calculated over a whole year (365 days). However, a payday loan is taken usually only over a number of days or weeks.
- Short Term Loans
- the short term loans starts which is the same letter that starts off the words pain, penalty, poor and poverty. Both the internet and the physical world are full of places where you can get a loan with bad credit, no credit check, and no employment verification but what these modern day loan sharks don't tell you is that their interest rates are so high that one day you may end up with the short term loan mafia coming after you!
- payday loan
- I've been caught in the payday loan otherwise known as payday advance many times.
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