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by Chris Blakeley April 6th, 2021

Why Use Credit Fair-E?

Financing is crucial to enhancing our living standards. At various points in life, we’re faced with scenarios requiring us to borrow money to meet necessary expenses. From emergency medical bills to business launches to basement remodels, anything can require immediate cash. 

This, however, doesn’t mean that you have to obtain high-interest loans every time you’re faced with a cashflow problem. By constantly turning to payday loans to address life’s challenges, you only trap yourself in a cycle of recurring debt. Instead, go for Credit Fair-E. Let’s talk about how Credit Fair-E is a better option and beneficial to you in the long run.

How Credit Fair-E is Better Than Payday Loans?

When acquiring a loan, the borrower must acknowledge the fact that it will need to be repaid. No matter how extensive the loan term is, you should remember this critical obligation when borrowing money. Those who ignore this fact end up getting trapped in a cycle of debt with payday loans. These are short-term, high-interest loans designed to help bridge the gap between the borrower’s paychecks.  

The rates on payday loans can be outrageously high: 80 times higher than those for auto loans and mortgages and 35 times higher than those for credit card loans. It’s not surprising for a borrower to repay $8000 for a mere $3000 loan. 

Designed To Actually Help You Get Out Debt

A Credit Fair-E loan, on the other hand, is instead an installment loan designed to help you repay your loan without seeking another loan. It gives you a tremendous opportunity to rebuild your credit profile through successful loan repayments. To help you achieve that, the company will tailor your loan to your budget. It will ensure that you only borrow an amount that you can repay. 

That way, you can break the borrowing cycle and get back on a healthier financial track. We know that life happens, and emergencies come up. That’s why we’ve designed a process that actually supports borrowers instead of trapping you in a cycle you’ll never be able to get out of.

Fast Approval and Deposit Times

Several other benefits come with a Credit Fair-E Loan. One of them is a fast loan approval time, one of the most compelling reasons to choose a Credit Fair- E loan. You quickly have access to the funds, most often within 24 hours. 

Our application process is also fast! It takes only a couple of minutes to fill out, to save you time and stress. Plus, we will immediately notify you if you qualify for one of our loans. As soon as you submit all the documents, we’ll let you know right away if you’re approved. Once approved, funds are deposited into your account in as little as one business day.

Flexible Repayment Terms

Secondly, the repayment terms are highly flexible. They can be tailored to your specific needs. Unlike paydays that typically give you 14 to 30 days, Credit Fair- E gives you 12 months to repay the loan. Instead of charging fee-based pricing, it charges you a flat interest rate. The APR at Credit Fair-E is only 36%, which is much lower than most of its competitors. 

We’ll structure your repayment options around your payday, so you’ll never feel stressed about making payments. We genuinely want to make it as easy as possible for you so that you can get back to your life and not have to worry so much about money. 

Improve Your Credit Score

On top of that, the financing option should help you improve your credit score. When you continue to make on-time payments on one of our loans, we’ll report that good behavior to credit bureaus, and that will, in turn, look good to other lenders. Your chances of getting a credit card loan, a mortgage loan, or an auto loan should be much higher then.

The loan structure offered by Credit Fair-E offers credit reporting too. Payday companies are often don’t promise this due to the setup of their loans. 

Conclusion

In summary, repeatedly turning to payday loans can destroy your credit profile, making your financial health unstable in the long run. A Credit Fair-E loan is a fair and affordable alternative that’s available up to $1000.

Our installment loans are the preferred alternative to a payday loan because we save you hundreds of dollars in fees. Everyone at Credit Fair-E is passionate about providing fast and fair installment loans when you need them most. Everything we do is designed with our clients in mind. We support responsible borrowers and want to help everyone who uses us to break their cycle of debt with fair, fast, and affordable loans that are made for easy repayment.

To apply for a Credit Fair-E Loan, fill this form now. We’d love to show you just how affordable getting a loan fast can be.

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