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It is better to get a short term loan from a credit union or a payday loan establishment?
Wiki User
∙ 12y ago
It depends on how much money you need. If you can pay back the money very quickly and by your next paycheck, it is best to get the payday loan. However, if it will take between a month to three months to pay back the loan, your best option is the short term loan.
Wiki User
∙ 12y ago
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Is it better to short sale a house or refinance to get credit in good standing?
It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.
Where can one find a loan with no credit check?
More often than not, a loan with no credit check will be what is referred to as a payday loan. A payday loan is an advance of money, or loan, on a future paycheck. It is considered to be a short term loan, because when the borrower receives the paycheck that the money was borrowed upon, the loan is to be paid back, with interest. Payday loans are unsecured, and carry a high interest rate.
What is instant payday advance loan?
An instant payday advance loan is a short-term loan that is usually paid back to the lender on the borrower's next payday. These types of loans can apparently be very risky for the lenders, because some lenders do not run credit checks or verify the borrower's income.
Who provides cash loans with no credit check?
Companies which provide cash loans with no credit check are generally the payday loan companies which lend money for a short period of time. Interest rates are very high.
How legitimate is the Greenwood Personal Credit company?
The Greenwood Personal Credit Company is a British credit company, established in 1877, primarily offering short term "payday" loans to those in financial difficulty. It is regulated by the Office of Fair Trading and is therefore legitimate.
Is it better to short sale a house or refinance to get credit in good standing?
It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.It's better to refinance. A short sale will reflect negatively on your credit record.
Why is payday loans better than bank loan?
Well that depends on the amount and term needed. Payday loans are usually smaller because they are based on your net income and have shorter terms because they are due on your next payday. The fees on payday loans are higher then a banks because of the higher risks taken by the loaning party. The risk factor is high because there are no credit checks making payday loans much better if you have no credit or bad credit. The fees are higher on payday loans, but because of them being short term they have less time to accumulate interest and therefore end up being cheaper. Payday Loan provides you instant cash in simple 3 step process. Payday loan approved and deposited in your account within 24 hours. Payday loans are not just fast but also secured. Payday loan lenders need your short financial details. A bank Loan really boring and time taking activity required list of documentation and authority signatures. This is some aspect show you why payday loan is better than bank loan. If you have any type of hesitation or question regarding payday loan services just let me know, I will give you more information on this topic. For your convenience here in resource box I give you one link there you find lot of information about payday loan.
Is Pounds till Payday a company based in the UK?
Pounds till Payday is a UK based payday loan company similar to those that operate in the United States. Basically the offer high interest rate short term small loans to people with difficult credit.
Where can one find a loan with no credit check?
More often than not, a loan with no credit check will be what is referred to as a payday loan. A payday loan is an advance of money, or loan, on a future paycheck. It is considered to be a short term loan, because when the borrower receives the paycheck that the money was borrowed upon, the loan is to be paid back, with interest. Payday loans are unsecured, and carry a high interest rate.
What is instant payday advance loan?
An instant payday advance loan is a short-term loan that is usually paid back to the lender on the borrower's next payday. These types of loans can apparently be very risky for the lenders, because some lenders do not run credit checks or verify the borrower's income.
Who provides cash loans with no credit check?
Companies which provide cash loans with no credit check are generally the payday loan companies which lend money for a short period of time. Interest rates are very high.
What payday loan can you get with accountnow debit other than iadvance?
Payday loans usually get you into more trouble then you bargained for, with such high interest rates & very short turn around, a person can barely make it to the next payday & the cycle continues. There are companies out there that will work with poor to no credit as long as you are 18 or more & have proof of employment.
How do I find information on payday loan providers?
A payday loan (also called a paycheck advance) is a small, short-term loan that is intended to cover a borrower's expenses until his or her next payday. The loans are also sometimes referred to as cash advances, though that term can also refer to cash provided against a prearranged line of credit such as a credit card. Legislation regarding payday loans varies widely between different countries and, within the USA, between different states.
How legitimate is the Greenwood Personal Credit company?
The Greenwood Personal Credit Company is a British credit company, established in 1877, primarily offering short term "payday" loans to those in financial difficulty. It is regulated by the Office of Fair Trading and is therefore legitimate.
Can individuals with bad credit or no credit history qualify for payday loans, and how does the lack of a credit check impact the loan approval process?
Yes, individuals with bad credit or no credit history may still qualify for payday loans, and the lack of a traditional credit check is a key factor in the loan approval process. Payday lenders often cater to individuals with less-than-perfect credit, as they typically focus on the borrower's income and ability to repay the loan in the short term. Here's how the lack of a credit check impacts the payday loan approval process: **No Traditional Credit Check:** Unlike traditional loans offered by banks or credit unions, payday lenders generally do not conduct a traditional credit check through major credit bureaus (such as Equifax, Experian, or TransUnion). This means that past credit history, including late payments or defaults, is not a primary factor in the approval process. **Focus on Income and Employment:** Payday lenders prioritize the borrower's income and employment status. They typically require proof of a regular income, such as pay stubs or bank statements, to ensure that the borrower has the means to repay the loan when their next paycheck arrives. **Short-Term Nature of the Loan:** Payday loans are short-term loans designed to be repaid with the borrower's next paycheck. Because of the brief repayment period, lenders are primarily concerned with the borrower's current ability to repay rather than historical credit behavior. **Quick Approval Process:** The lack of a traditional credit check contributes to a faster loan approval process. Borrowers can often receive a decision on their loan application within a short period, sometimes within the same day. **Higher Interest Rates:** To offset the risk of lending to individuals with bad credit or no credit history, payday lenders may charge higher interest rates and fees. The cost of borrowing is a critical factor for borrowers to consider. While payday loans can be accessible for individuals with credit challenges, it's essential for borrowers to exercise caution and only borrow what they can afford to repay. The short-term and high-cost nature of payday loans can lead to a cycle of debt if not managed carefully. Borrowers are encouraged to explore alternative lending options and consider financial counseling if faced with ongoing financial difficulties. Why Use GreenDayOnline Loans Get emergency cash to help you quickly No hard credit checks Get an approval decision fast $100 to $5,000 can be used for any purpose Safe Secure and 100% online Call Us On: (800) 424-2789 greendayonline dot com
Who can help got outstanding payday loans very bad credit need loan 5000?
I'm not sure that you will be able to get $5000 in a form of payday loan. The lenders of these short-term loans usually provide up to $1500. Besides, the fact of bad credit won't help you at all. Still, you can try and shop around to make a deal. Good luck!
Are payday loans good short-term debt solutions?
Yes. Payday loans can really be a lifeline to anyone who needs money quickly to solve short-term financial crisis.
