Unless you’re borrowing money from your mom and dad (or perhaps even then), you can expect your installment loan to come with an interest rate. However, because many interest rates are described in terms of months and neglect to include fees, it can be difficult for borrowers to assess the
When you need an installment loan (stat!), you shouldn’t beat around the bush with just any lending company. Choosing the wrong lender could have terrible consequences—longer waiting times, more expensive loans, pestering lenders, frequent phone calls . . . As you search online for potential installment loans, be vigilant and
Put yourself in the shoes of someone in a desperate financial situation (if you’re not in that role already). You need money fast, perhaps for a car repair or a medical bill, but your paycheck won’t arrive until the end of the month. Asking a friend or family member for help is impossible
No one wants to deal with a middleman. Not only does it delay the process (whatever process that may be), but it also increases the costs. Wouldn’t you rather communicate directly with the company who will be providing the products or services you need? When it comes to installment loans, this
You can do just about anything online these days: order a pizza, transfer money from your bank account, purchase Christmas gifts, book a vacation, set up a dentist appointment, and even apply for a loan. When you’re short on cash, it’s nice to know that you can request an installment
Whether you’re applying for a mortgage, a credit card, or an installment loan, you will come across the term annual percentage rate. But what is an annual percentage rate? Also known by the abbreviation APR, an annual percentage rate describes the interest rate for the entire year as opposed to a monthly
Imagine that you need to consult someone for advice. Would you rather talk to a friend or a friend-of-a-friend-of-a-friend? I think we can all agree that the direct option is best. The same is true when it comes to finding a lender for an installment loan. When you work with a
Installment loans can be quick and convenient. They offer access to a large amount of money quickly, after all, and their repayment periods are longer and more flexible than the repayment periods of cash advances. Consumers appreciate that they’re able to decide just how much money to borrow and how
What is a line of credit? Although you’re probably familiar with the term line of credit in relation to credit cards (it is the maximum amount of credit that you can use), you may not be familiar with a line of credit loan. However, a line of credit loan is quite similar to
When you decide to try something new, it’s always comforting to know what to expect. This is especially true when it comes to financial tasks, such as applying for a critical loan. Although you’ll find the process of applying for an installment loan very simple and straightforward, it never hurts to do
An installment loan might be the perfect solution for your financial conundrum. However, before you sign up, you might want to know what you can expect to pay in total. In addition to paying back the loan amount, of course, you’ll be expected to pay interest for the service, and
Everyone needs money; this is a basic fact of modern life. However, if you need a specific sum of money right now and you don’t have enough in your bank account, you may need to borrow it from someone else. In this situation, most people turn to credit cards or home-equity loans, but
