The following questions and answers represent the questions we are most frequently asked about short-term lending and our website as a whole. If your question is not answered here, please visit our Contacts page to send us a request and we will respond as soon as possible. If your question relates to a particular loan or credit offer, you should contact your lender directly.
What is a short-term loan?
A short-term loan is essentially a financial tool that allows consumers to quickly access funds during periods of acute financial need. Because these loans are available to consumers regardless of their credit scores, they do not have to have difficulty verifying their creditworthiness in order to obtain funds. The process is incredibly fast and much less unpleasant than trying to obtain credit from traditional lenders. Our lenders can help you get up to $1000 depending on the lender, your condition and your financial situation.
How can I apply for a short-term loan?
It is much easier to get a loan on the day of payback than other types of credit. In fact, we can connect most of the users who request through us. You must be at least 18 years old, you must be lawfully employed and resident in the United States, have a bank account in your name, have a valid email address, a working phone number, and meet the minimum income requirements of your lender. Some lenders may offer funds if you do not have an employer, if you still receive regular income through SSI or other means. You should carefully check each creditor’s terms and conditions, as we cannot give you any guarantees.
When is short-term credit a good option?
Short-term loans are designed to be used only in financial emergencies as a short-term solution to help you make ends meet. The same caveats that are used in any form of credit should be used when deciding whether or not to take out a short-term credit. You should never ask for a loan for any reason other than a financial situation, and if you have serious financial problems, you should consult a consultant before taking a loan.
What if I have more than one job or work for myself?
If you have more than one job, you must disclose information about your main job in the form of a request, and then provide additional information about your second or even third job while communicating with your lender. Similarly, if your lender asks you to send them receipts, you must send receipts from all your employers. If you are self-employed, you only need to show that you have significant income to meet the creditor’s recommendations and that your business has been set up and your income has been constant for 90 days or more.
Are short-term loans expensive?
Short-term loans can cost as much as credit card advances or overdrafts from your bank. In fact, when used responsibly, these loans can be cheaper. Interest rates on short-term loans are higher than on other forms of credit because lenders take a lot of risk when lending to individuals without a credit check, but because these loans are designed to repay quickly, interest is kept to a minimum. You should always be able to repay your loan on time to avoid unnecessary costs associated with your loan.
How much is this worth?
The total amount you will have to repay is determined by several factors, including your financial situation, your lender, the condition in which you live, the amount of money you lend and the timeliness of repayment. Some of the fees that may apply to your loan include financial charges, interest, overdue payments, carry-forward fees, and more. Please read your suggestions carefully to determine the exact costs.
Do I have to fax documents?
Although the purpose of our lenders is to provide you with the funds you need as quickly as possible, it may sometimes be necessary to check your additional information to reduce the risk to lenders. You may be asked to provide proof of employment, bank account status, and legal status in the United States to obtain a loan. If you do not have a fax machine, your local UPS store or public library can help you fax these documents for a small fee per page.
What do I do if I have questions about my loan terms?
Under the Truth in Credit Act, each lender must provide you with written terms and conditions related to your loan before you can get a loan. If you have any questions about the terms of the loan offer or you do not agree with these terms, you should send the lender who made the offer to you and you should not accept the offer until you are given an explanation. Since we are not a creditor, we cannot offer such a clarification. However, we would like to remind you that once you have provided an electronic signature, you must comply with it