For Short-Term Goals Small Dollar Loans Are Your Best Option
Think you’re the only one who needs quick access to cash? Well, think again. With the vast majority of Americans surviving from paycheck to paycheck, most people can’t accommodate life’s surprising financial responsibilities. Small medical bills, increased utility bill rates, and cell phone overage charges are just some of the few ways your budget can go into flux.
When that happens, you need help meeting your short-term goals.
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Many of your cohorts think that the bank is the only source for financially responsible loans. While they are certainly a viable source, they also come with a strict set of requirements that don’t lend themselves to your situation. Frankly, they take too long to issue loans, as they require an in-depth review of your credit and employment history before they’re willing to approve your application. Often short-term bills need immediate attention, and you can’t wait for a process that could take weeks before you get your hands on the money you need now. And that’s assuming you have a great credit score. If you don’t, you might as well forget about the bank altogether.
A faster and more reliable alternative is a state licensed direct online lender. These lenders don’t require an extensive examination of your credit history before they’ll review your application. You need only to provide proof of income, an email address, and a bank account in addition to your basic contact information. As a result, the application itself is incredibly easy to complete. It will take no longer than 20 minutes before you’re able to submit. You’ll get an instant notification if you qualify, and once approved you’ll have the money you need within a single business day.
Twenty four hours is much preferred over the weeks it may take the bank to issue a loan. The only caveat that comes with these financial products is their repayment schedule. Short-term loans for short-term goals mean you’ll have to pay back small dollar cash advances by the time you receive your next paycheck. As to how long this will be will depend on your own payment schedule, but it’s important that you check in with your state licensed direct online lender before you make assumptions.
State licensing will affect the size and term that an online lender can legally provide. These regulations are put in place to protect consumers against predatory lending practices, and direct online lenders like MoneyKey take pains to follow the letter of the law in order to provide legitimate and responsible loans. Go online and check out your options at Moneykey.com/payday-loans-online.php to see what sort of rates, fees, and conditions apply to their short-term loans. Be sure you’re familiar with them inside and out before you submit your application.
If you ever have any questions, the top lenders will have a representative available to speak with you by phone or chat. They’re there to clarify any issues you may have over the terms or conditions, so you’re able to make responsible choices over your loan options. Once you have a cash advance that fits your situation, you can tackle those short-term financial obligations without worry.
Author: Anwar Hossain
photo/ Michael Jarmoluk via pixabay
