For a wide range of needs
When you are in need
Control your budget
Fast and simple
Short-term loan which can be used for different purposes. This type of loan can be secured or unsecured. Borrow limit differs from a lender.
This can be a good alternative to a credit card. Usually without any grace period, but the cost of money is lower. You can borrow online or in your local credit store.
Your credit score affects the interest rate, so if you are going to get some cash, check your credit score first.
First of all, you should fit the basic requirements:
Full requirements may vary from lenders and States. Most States also have their own laws regulating borrowing process and lenders. All lenders are regulated by the Consumer Financial Protection Bureau (CFPB) and must disclose the APR and finance charge in writing before a borrower signs the agreement.
Some lenders can add extra fees like organization or prepayment fee.
Funds can be used for various purposes and will be very useful when unexpectable expenses appear. Unlike strictly defined study or auto loans you can choose the way to spend this money: Major Purchases, Home Improvements, medical Expenses, special occasion, maintenance & repair expenses or any other unexpected needs.
Typical dollar amounts range from $250 to $40,000. Take into account that you will get money on short-term basis, so if you need some funds for a long-term you better choose other borrow options.
Low-interest rates and fixed payments are very convenient, but you must be attentive to the payment of a debt. If you don't make payments on time, in full, your credit score and finances will suffer. In common you should expect the following aftermath: