Obtaining a loan or a personal line of credit can be difficult for people who live paycheck to paycheck or who have little to no savings. For those of us who don’t have the luxury of safety nets to help cover unexpected expenses, there is a solution; there are reliable lenders that are willing to give small personal loans and personal lines of credit to those with a less-than-perfect credit history.
Reputable lenders offer a range of loans with flexible terms to help you get the necessary cash without setting you up for failure. They will offer single-pay loans, which are individual, one-time advances of small amounts repaid in one lump sum by the date of your next paycheck. Perfect for small hiccoughs in your budget, single-pay loans can tide you over until you get paid.
Another option is the flex-pay loans, which are small cash loans that the borrower repays in scheduled installments on an agreed upon date each month until the sum is paid back. Installment loans offer longer repayment terms, in case you can’t pay off the loan at the time of your next paycheck. First-time borrowers are typically approved for loans of $200 – $500, but returning customers may be eligible more.
A personal line of credit is another option first-rate lenders offer, and it is a great opportunity for those who have very tight monthly budgets. As the borrower, you are advanced up to $1,000 that you have access to at any time, whenever you need the extra money. A personal line of credit offers a much more flexible repayment program, as you will only have to make scheduled minimum payments to cover fees and interests and are never forced to pay off your principle loan.
To find a lender that’s right for you and your financial situation, do your research. Short-term loans can be obtained from organizations that are not typical “payday” loan companies. Peruse the products they offer, the interest rates and the terms for repayment. Take your time and make the necessary comparisons. Just as it is important for you to obtain a loan or line of credit with a reputable and responsible lender, so it is important that you are just as responsible.
MoneyKey is a reliable online lender that you can trust to give you the best terms possible. They understand how crucial extra cash can be in order to meet your essential needs, so they make a point to simplify their terms and to expedite your application process. They can approve your application within minutes and deposit the money in your bank on the following business day. It’s as simple as filling out a form and submitting it with an electronic signature, so check out MoneyKey.com/direct-lenders-online.php now for more information. While on their website, you can also check their affiliates, ensuring that the company you’ve chosen is completely legitimate.
Borrow wisely and a short-term loan can be a real life saver for those who don’t have the best credit history. When last minute surprises throw a wrench in your budget, financial support from a committed, reliable source can help you make it through the rough times.