Quick Long Term Loans with Bad Credit – Finding a Lender
Ordinarily, if applying for a cash advance loan, the lender expects
repayment within two weeks. However, for those requiring longer terms,
there are lenders willing to extend cash advances for 30 days. Long term
cash advances are perfect for people needing extra cash, but are unable
to repay the balance within a short period.
How Long-Term Loans Differ from Short-Term Loans
Regardless of whether you select a short-term or long-term payday loan,
these cash advances are ideal for unexpected expenses. For example,
your vehicle may need extensive repairs. Furthermore, you could have
received a high medical or utility bill. Whatever the reason, quick loans
offer a temporary fix.
Of course, these loans do involve one major difference. All loans
include fees or finance charges. Unlike credit cards and bank loans, cash
advances have a flat fee. For every $100 borrowed, you can expect to pay
$15 to $40. This flat fee is typical for a two-week cash advance. Thus,
if the loan term is extended an additional two weeks, which equals a 30
day loan, the flat fee is doubled.
Qualifying for a Cash Advance
Getting approved for a cash advance is quick and easy. Because of
minimum requirements, most applicants will have their funds within 24 hours.
Of course, there are also same day or one-hour cash advances, which are
useful during emergencies.
Prior to approval, applicants should carefully read the loan
requirements. Failing to meet the basic lending requirements will result in a
loan denial. For starters, steady employment is a requirement. The minimum
age requirement is 18 years. Furthermore, an active checking account
and reasonable monthly income is a must.
Finding a Payday Lender
Because of the large number of cash advance loan companies, choosing
the right lender is important. For this matter, carefully compare
different lenders. Each lender will charge a flat loan fee. The fee varies,
but ranges from $15 - $40 per $100. Moreover, some lenders do not offer
30 day loans. The best way to find a good cash advance company is to
browse a recommended list of payday lenders.
Recommended Payday Loan Companies:
Apply Here (Powered By Credit.com)
- Only $1000/mo Income Needed
- Available in all States but MA, GA & IL
- Get Up To $1000
- Take Up To 2 Pay Periods to Repay
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