We work with dependable financial institutions that offer 29 minimal and 32 maximum annual interest rates. What Does a Typical Loan Look Like.
Lets look at a typical loan together, ok. Lets say you needed 750 in cash today. Our team would make sure you had that money in your account immediately after it was processed, usually the same day and sometimes even the same hour. Once you get your cash loan, you can repay over a flexible 3 to 6 month period.
Shortly after applying for the loan, Taylor saw the funds appear in his account. Although the cash advance helped Taylor buy the land, it came with a 705 percent annualized interest rate. Over the course of 10 months, Taylor would have to pay an extra 3,150 on top of the 1,000 hed borrowed.
Although Taylor works full time and makes a 48,000 yearly salary, he found it impossible to keep up with the payments and still have money left over for living expenses. Afraid of what might happen if he defaulted on the loan, Taylor went online and borrowed more money, from a different payday lender. When he couldnt pay off the second loan, Taylor took out a third. Personal loans under 3000 for low income then a fourth, and then, finally, in October 2014, a fifth.
The loan companies were taking Taylors entire paycheck every two weeks, Taylor said, and he started working odd jobs to make extra money. He even had to write bad checks to buy groceries for himself and his mother.
It's as easy as that. WHAT IS A PERSONAL LOAN FOR. People get personal loans to help with home repairs, unexpected expenses, holiday shopping, and more. Such a loan from one of our lenders can help you get the cash you need.
Just fill out our Online Form. Follow the short process and if you are approved, receive your cash loan. APR INFORMATION. Annual Percentage Rate (APR) is a measure of the cost of credit, expressed as a nominal yearly rate.