A Quick Cash Solution
If you find yourself faced with an unexpected trip, will you be able to pay for the journey? Trips that call for you to visit a family member who is sick or any similar excursion can impose a hardship on your budget. Therefore, securing a quick, short-term loan is often a solution. That’s because the loan allows people with no credit or fair to bad credit to obtain the needed funds when their budget is tight.
Quick cash funding in the form of a payday loan can be obtained at a competitive interest rate from sites such as Credloans.com. While the rate may seem rather steep, it actually only seems that way because of the short nature of the financing.
A Higher Interest Rate Reduces the Risk for Lenders and Helps Guarantee Approval
The higher interest that is charged on a quick-cash loan reduces the risk for lenders who provide loan solutions for people who have less-than-perfect credit. Needless to say, if you need money for any kind of emergency financing, whether it is for an unexpected trip, a medical expense, or unforeseen repair, a payday-type loan is the best solution as approval is usually guaranteed. According to research, most people in the U.S. possess a fair credit score rating, all the more reason to apply for a quick cash loan.
Check out the Loan Stipulations
At Credloans you can apply for a quick cash loan today and have the requested loan amount in your checking account tomorrow. Usually, you must be at least 18, have a steady income of at least $1,000 per month, and a checking account. Just make sure, before you apply for this type of loan, that you keep some of the following measures in mind:
- Make sure that the interest rate for your short-term loan, if it features a two-week repayment period, is not any more than 35%, including finance charges and interest.
- Read the fine print of the terms and conditions for the loan. Make sure you are clear about the fees assessed for late payments, the number of extensions that are permitted as well as the consequences for non-payment.
Only Borrow the Amount You Need
Therefore, make sure you can adhere to the loan’s payment terms and can make the payments on time. When applying for a short-term loan then, don’t borrow more than what you need. Factor in the airfare, cost of the hotel accommodations and other ancillary expenses (such as food and tips) into the requested amount.
Applying for the Loan: A Simple Online Process
Applying for a loan is a relatively simple process online as it generally takes about five minutes to fill out the information, provided that you are prepared. Besides your personal contact details and employment information, you’ll need to include your bank’s ABA routing number and checking account number so the money can be easily placed into your account by electronic transfer. In some cases, you may have to fax tax or bank account information to the lender if you are self-employed or work at home.