Do I Need Good Credit To Get A Loan?
Do I need good credit to get a loan? Credit or your credit score is something we all inevitably deal with during the course of our lives. Many of us only deal with our credit scores when seeking a loan of some type. A recent…
Pay Your Loan Off Faster to Improve Your Credit Rating
Pay Your Loan Off Faster to Improve Your Credit Rating Settling your loans early would not just get you off the hook earlier, but would also benefit you in a lot of other ways⎯specifically with your credit rating. If you need to boost your credit…
The difference between an indirect and direct lender?
What’s the difference between an indirect and direct lender? As with anything, both and indirect and direct lender have advantages and disadvantages. You’ve likely experienced both types of lenders at some point in your borrowing history whether you know it or not. These terms…
Online Installment Loans Help Rebuild Your Bad Credit
Don’t feel down and out because you have bad credit. Assuming you didn’t just borrow money without the intent to pay it back on time, most of us want to rebuild our credit. Regardless of how you got into the situation of having poor credit, there are typically many motivators to getting your credit back into the “fair” or higher standing. Fair being the mid 600s or higher.
5 Security Tips When Shopping For Online Loans
When looking for loans online, we are often times more focused on the speed in which we received our much needed funds. Perhaps if we have bad credit, having options is also a priority. However, what unfortunately gets passed over in favor of the above is security. That is the security of your personal information that you enter to apply for such a loan.
3 Reasons Why Online Loans Aren’t Going Away
As technology continues to innovate across the board, we realize that financial services are no exception. Over the past decade we have seen a major shift in how payments are processed, banking is managed, and installment loans borrowed. These trends aren’t likely to go away, especially when it comes to online loans.
As technology continues to innovate across the board, we realize that financial services are no exception. Over the past decade we have seen a major shift in how payments are processed, banking is managed, and installment loans borrowed. Th…
Why Do Some Lenders Offer A Guaranteed Approval?
Anytime we go to our local bank to apply for an installment loan or personal loan, we always expect some sort of validation or verification process to go along with it. The bank pulls your credit report and likely validates your stated income before making a decision on whether or not to approve your loan request. The terms of your approval also very on the information received in their underwriting process. This is very common and most people don’t seem to expect it when going that route.
Why Use A Direct Lender For Online Installment Loans?
In most scenarios a direct lender is going to be the way to go. Before we get into though, we will explain the difference for you. A direct lender is what you probably thought, someone that will directly lend their money to you. You go to their website, use their application, and repay them directly. You deal with the same lender throughout the entire process.
3 Reasons Not to Payoff Your Loan Early
I promise I’m not trying to trick you into paying more interest. This is probably the opposite of what you have been told to do by everyone. Believe me though; there are some scenarios in which you would benefit more from paying a loan through to term.
Generally speaking you will save more money by paying off a loan early. The situations in which you don’t want to pay it off early will be fairly specific situations. So pay close attention and always do your own homework before committing to any financial decision.
3 Reasons to Consider Direct Lender for Your Next Loan
Most of us, in some capacity have gotten a loan from a indirect lender at some point. Perhaps you took out your mortgage with the help of a mortgage broker? Maybe you went online for a personal loan and thought it was just that simple. Then you get a bill from Lender’s Anyonymous and wonder what is going on. A direct lender is someone that uses their own money to lend to you. This means that the company you apply through is making the decision on it’s own and using it’s own capital to fund and service (bill you) your loan the entire time.