Connect with us

Bad Credit

11 Best Credit Cards & Loans for Plastic Surgery (2020)

Published

on

Plastic surgery is more popular today than ever before. In fact, Americans opted for 17.7 million surgical and minimally-invasive cosmetic procedures in 2018, according to the American Society of Plastic Surgeons. But those nips and tucks don’t come cheap.

If you’d like to undergo a procedure, it’s a good idea to familiarize yourself with the best credit cards and loans for plastic surgery.

These financing options are ideal if you don’t have the cash on hand to pay for the procedure you desire to feel more confident in your own skin. Let’s dive deeper into the best credit cards and loans for plastic surgery.

Credit | Loans | FAQs

While plastic surgery can help you look and feel your best, it’s not cheap. The average cost of a rhinoplasty or nose job, for example, is $5,350. This figure does not include anesthesia, operating room fees, and other related expenses.

Due to the high price tag that comes with plastic surgery, we chose to recommend credit cards with high credit limits, 0% financing offers, and signup bonuses.

0% Financing | Large Signup Bonuses

Best Cards for Plastic Surgery with 0% Financing

Credit cards can be a smart way to pay for plastic surgery. This is particularly true if they come with perks like cash back rewards, signup bonuses, and low or no interest offers. A credit card can also help you maintain or even build credit while you’re repaying your procedure.

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
  • Earn unlimited 1.5% cash back on all purchases.
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49 – 25.24%.
  • 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5
  • No annual fee
  • No minimum to redeem for cash back

0% Intro APR on Purchases 15 months

0% Intro APR on Balance Transfers 15 months

16.49% – 25.24% Variable

$0

Good/Excellent

With the Chase Freedom Unlimited® card, you can earn unlimited 1.5% cash back on all purchases, including plastic surgery procedures. The card also offers a 0% intro APR for balance transfers and purchases.

In addition, you can score a signup bonus if you spend a certain amount of money in the first three months the account is open. There’s no annual fee and you can redeem your rewards any time you’d like.

0% INTRO APR RATING

★★★★★

4.9

  • One-time $150 cash bonus after you spend $500 on purchases within 3 months from account opening
  • Earn unlimited 1.5% cash back on every purchase, every day
  • No rotating categories or sign-ups needed to earn cash rewards; plus, cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49%-25.49% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 15.49%-25.49% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • Pay no annual fee or foreign transaction fees

0% for 15 months

0% for 15 months

15.49% – 25.49% (Variable)

$0

Excellent, Good

You’ll get 1.5% cash back on your plastic surgery purchase with the Capital One® Quicksilver® Cash Rewards Credit Card. There are no limits on how much you can earn and your rewards won’t expire as long as your account remains open.

The Capital One® Quicksilver® also offers a one-time cash back bonus for meeting a spending threshold within three months from opening the account. An intro APR of 0% for 15 months on all purchases is another great perk.

0% INTRO APR RATING

★★★★★

4.9

  • Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  • Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
  • No rotating categories or sign-ups needed to earn cash rewards; plus cash back won’t expire for the life of the account and there’s no limit to how much you can earn
  • 0% intro APR on purchases for 15 months; 15.49% – 25.49% variable APR after that
  • 0% intro APR on balance transfers for 15 months; 15.49% – 25.49% variable APR after that; 3% fee on the amounts transferred within the first 15 months
  • No foreign transaction fee

0% for 15 months

0% for 15 months

15.49% – 25.49% (Variable)

$0

Excellent, Good

The Capital One® SavorOne® Cash Rewards Credit Card offers unlimited 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases, including plastic surgery. You can also enjoy an APR of 0% for 15 months to help finance your procedure without interest.

The card also comes with a one-time cash bonus you can lock in if you spend a certain amount within the first three months you open it. You won’t pay an annual fee and your rewards will be valid for the life of your account.

0% INTRO APR RATING

★★★★★

4.7

  • INTRO OFFER: Discover will match ALL the cash back you’ve earned at the end of your first year, automatically. There’s no signing up. And no limit to how much is matched.
  • Earn 5% cash back on everyday purchases at different places each quarter like grocery stores, restaurants, gas stations, select rideshares and online shopping, up to the quarterly maximum when you activate.
  • Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Redeem cash back any amount, any time. Rewards never expire.
  • Use your rewards at Amazon.com checkout.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.

0% for 14 months

0% for 14 months

13.49% – 24.49% Variable

$0

Good/Excellent

If you use the Discover it® Cash Back to fund your plastic surgery, you’ll earn unlimited cash back automatically. Use the card on other purchases in rotating categories you activate like groceries and gas to get 5% cash back up to the quarterly maximum. All other purchases earn 1% back.

Believe it or not, Discover will match all the cash back you’ve earned at the end of your first year. You won’t have to sign up and there’s no limit to how much is matched. Redeem your cash back at any time as rewards don’t expire.

0% INTRO APR RATING

★★★★★

4.6

  • $0 annual fee and no foreign transaction fees
  • Earn a bonus of 20,000 miles once you spend $1,000 on purchases within 3 months from account opening, equal to $200 in travel
  • Earn 1.25X miles on every purchase, every day
  • Travel when you want with no blackout dates and fly any airline, stay at any hotel, anytime
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn
  • Transfer your miles to over 12 leading travel loyalty programs

0% for 12 months

N/A

13.49% – 23.49% (Variable)

$0

Excellent, Good

The Capital One® VentureOne® Rewards Credit Card will reward you on your plastic surgery purchase with 1.25X miles. You can earn as many miles as you’d like and transfer them to over 12 travel loyalty programs. Once you meet a certain spending threshold within three months from the account opening, you’ll receive a bonus you can put toward your travel purchases.

If you travel often for work or pleasure, the Capital One® VentureOne® may be well worth it. There’s a promotional purchase APR of 0% for 12 months and no annual fee.

The Best Signup Bonus Cards for Plastic Surgery

A credit card signup bonus can reward you right away for paying for your procedure with a card. Fortunately, most signup bonuses are worth hundreds of dollars that you can put towards your surgery, travel, or other expenses.

In most cases, you have to spend a certain amount of money within three months to redeem them. Since plastic surgery is pricey, you should have no issues meeting this requirement.

EXPERT’S RATING

★★★★★

4.9

  • Enjoy a one-time bonus of 50,000 miles once you spend $3,000 on purchases within 3 months from account opening, equal to $500 in travel
  • Earn 2X miles on every purchase, every day.
  • Receive up to $100 application fee credit for Global Entry or TSA Pre✔®
  • Fly any airline, stay at any hotel, anytime; no blackout dates. Plus transfer your miles to over 12 leading travel loyalty programs
  • Miles won’t expire for the life of the account and there’s no limit to how many you can earn
  • Named ‘The Best Travel Card’ by CNBC, 2018

N/A

N/A

17.24% – 24.49% (Variable)

$0 intro for first year; $95 after that

Excellent, Good

If you’re an avid traveler who wants plastic surgery, you’ll love the Capital One® Venture® Rewards Credit Card. After you spend a certain amount within three months from the day you open your account, you’ll earn bonus miles which you can redeem for travel expenses.

The card also offers 2X miles on every purchase, every day. Your miles won’t expire for the life of the account and there’s no limit to how many you can earn.

EXPERT’S RATING

★★★★★

4.8

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

N/A

N/A

17.49% – 24.49% Variable

$95

Good/Excellent

Use the Chase Sapphire Preferred® to pay for your procedure and enjoy bonus points as long as you meet the spending threshold in the first three months from account opening. If you redeem them through Chase Ultimate Rewards, you’ll have a significant amount of cash to use on airfare, hotels, car rentals, and cruises.

In addition, the Chase Sapphire Preferred® Card offers 2X points on travel and dining as well as 1 point per dollar on all other purchases.

EXPERT’S RATING

★★★★★

4.8

  • Earn 80,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That’s $1,000 toward travel when you redeem through Chase Ultimate Rewards®
  • Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year
  • Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn
  • Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards
  • Redeem points for travel, cash back, gift cards and more – your points don’t expire as long as your account is open
  • No foreign transaction fees

N/A

N/A

17.49% – 22.49% Variable

$95

Good/Excellent

The Ink Business Preferred℠ Credit Card currently offers a large signup bonus if you spend a certain amount of money in the initial three months of opening your account. The card will also reward you with 3 points per $1 spent up to a certain amount on travel and select business categories each year.

You’ll also earn 1 point per $1 spent on all other purchases including plastic surgery procedures. You can redeem your points for cash back, travel, and gift cards.

In some instances, it’s better to use a loan than a credit card to pay for plastic surgery. If you wish to undergo a very expensive procedure, such as a mommy makeover that can cost anywhere between $10,000 and $20,000, a loan may make sense. Credit lines usually come with much lower limits.

In addition, a loan may be a good option if you have bad credit, as credit cards for bad credit typically offer lower limits. It’s highly unlikely that these limits will cover the cost of your entire procedure.

  • Loan amounts range from $500 to $35,000
  • All credit types welcome to apply
  • Lending partners in all 50 states
  • Loans can be used for anything
  • Fast online approval
  • Funding in as few as 24 hours

With PersonalLoans.com, you can secure a plastic surgery loan that ranges from $500 to $35,000. While you don’t need the best credit score to qualify, you must show that you’re a responsible borrower.

To do so, you’ll need to prove that you don’t have a history of late payments, overwhelming debts, or bankruptcies. Since PersonalLoans.com can get the funds to you in one business day, you won’t have to wait long to move forward with your procedure.

  • Loan amounts range from $500 to $5,000
  • Experienced provider established in 1998
  • Compare quotes from a network of lenders
  • Flexible credit requirements
  • Easy online application & 5-minute approval
  • Funding in as few as 24 hours

Bad Credit Loans is designed to help people with bad credit meet their financial goals. You can use the site to connect to lenders that offer three- to 60-month loans ranging from $500 and $5,000.

As long as you have proof of regular employment or Social Security income, you can use the site to find a plastic surgery loan and get the cash you need the very next business day.

  • Loans from $500 to $10,000
  • All credit types accepted
  • Receive a loan decision in minutes
  • Get funds directly to your bank account
  • Use the loan for any purpose

CashUSA.com offers loans of up to $10,000. After you fill out its online form, the site will inform you of lenders who are willing to work with you.

You can use CashUSA.com to fund your procedure if you earn at least $1,000 per month after taxes. The funds will be sent directly to your bank account so you can cover your surgery immediately.

You may believe you can’t afford plastic surgery. After all, it can be difficult to come up with a large sum of money to pay for an elective procedure.

The good news is that you have many plastic surgery financing options at your disposal. They can help you feel confident and attractive in your personal and professional life.

What is the Best Financing for Plastic Surgery?

The best financing for plastic surgery depends on your unique lifestyle, budget, and preferences. If you want to earn rewards and pay back your procedure over time, a credit card may be a great option.

A credit card may also be a good fit if you know you’ll qualify for its signup bonus or be able to pay back your surgery within the 0% intro APR period.

Repayment of $5,000 Credit Card Balance w/ 0% APR Offer

Introductory offers providing 0% APR will revert to a higher APR at the end of the offer terms, so be sure to pay your surgery costs off before the card’s promotional period ends.

On the other hand, if you hope to pay for a very expensive procedure or don’t have the best credit, a loan may be the way to go. A loan can provide you with more money for your procedure and may have more flexible credit requirements than a credit card.

Before you decide how to finance your plastic surgery, take the time to consider the pros and cons of each option. Keep in mind that just because your friend put their plastic surgery on a credit card, doesn’t mean this is the best route for you.

Consider the cost of your procedure, your credit rating, monthly expenses, and future financial goals before you decide. Remember that plastic surgery is a costly investment that can negatively impact your finances for years to come unless you pay for it wisely.

What Credit Score Do You Need to Finance Plastic Surgery?

Your credit score plays an important part in determining the financing option you can get to pay for your procedure. When you do your research, you’ll find that credit cards typically have stricter credit requirements than loans. So, if you have good credit, you should be able to finance your surgery without any issues.

On the other hand, if you don’t have the best credit, a bad credit plastic surgery loan may be your only option. Bad Credit Loans, for example, can help you find a loan to pay for your procedure.

While you don’t need to have good credit to qualify for a loan with Bad Credit Loans, you will have to prove you have a regular income. You may then be able to secure the cash you need as soon as the next business day.

If your credit score is on the low end, but you want to put your surgery on a certain credit card, you may want to improve your credit and delay your procedure. Pay your bills on time, keep your credit balances low, and pay more than the monthly minimums.

Once you get your credit score to a good place, you’ll have a much higher chance of getting approved for a card.

Can You Pay for Plastic Surgery with a Credit Card?

If you don’t have thousands of dollars in cash available to pay for plastic surgery, a credit card can be a great alternative to finance your procedure when used responsibly. You’ll find countless credit cards with a simple search, so be sure to shop around and compare all your options.

Keep in mind that a credit card may not be a viable financing solution if you don’t have the best credit. Most credit cards do require that you meet a minimum credit score before they approve you. So, you may have to increase your credit score or take out a loan if you want to pay for your procedure with a card.

Average Credit Card Limits by Score

A credit card may not provide the credit limit you need to finance the total cost of your procedure if you have subprime credit.

For a simple, straightforward cash back card, the Chase Freedom Unlimited® is a solid choice. It can reward you with unlimited 1.5% cash back on your plastic surgery and any other purchases you make. If you want to land a great signup bonus, the Chase Sapphire Preferred® or Capital One® Venture® Rewards Credit Card may be the way to go.

Are you an avid traveler? If so, opt for a card like the Capital One® VentureOne® Rewards Credit Card, which will give you 1.25X miles you can use on airfare, hotels, car rentals, and more. Think about what’s important to you to find the best credit card for your unique situation.

Can I Get Financing for Plastic Surgery with Bad Credit?

If you have bad credit, you may wonder whether it’ll prevent you from undergoing the procedure you want. Fortunately, you can still obtain financing for plastic surgery with less-than-stellar credit.

The main downfall, however, is that you may not have as many options as someone with good credit. You’ll also be less likely to obtain a favorable interest rate and terms.

Avg Loan APRs

As long as you’re okay with these drawbacks, you can take out a loan to pay for your procedure. PersonalLoans.com is one loan marketplace that may lend you anywhere from $500 to $35,000.

You won’t have to show a stellar credit score, but you will have to prove that you’re responsible with money. The website will make sure you don’t have a history of late payments, overwhelming debts, or bankruptcies.

One of the greatest perks of PersonalLoans.com and similar websites such as BadCreditLoans.com and CashUSA.com is that you can access your funds quickly. This is great news if you hope to undergo your surgery sooner rather than later.

While you may be able to find a credit card that approves you, it will be a challenge to get one with a high enough spending limit to finance your procedure. So, if you have bad credit, a loan will likely be an easier, faster financing solution.

Do Plastic Surgeons Offer Payment Plans?

Plastic surgeons — just as other professionals — are in business to make money. They want you to move forward with your procedure, even if you don’t have the cash to pay for it.

Therefore, many plastic surgeons offer payment plans to make plastic surgery more affordable. The plastic surgeon you choose will determine the type of payment plan you may be able to take out.

The plans can usually be customized to meet your unique budget and lifestyle. Once the surgeon’s staff knows how much you can afford to pay each month and what type of plan you prefer, they will likely design a flexible solution.

If you don’t make your payments on time or at all, your surgeon may send your account to collections. This can take a serious toll on your credit score.

Also, if you fail to make timely payments, you may tarnish your relationship with your surgeon. If you plan to go to them for future procedures, this can be an issue.

To learn more about your surgeon’s payment plans, it’s a good idea to schedule an initial consultation in his or her office. You can also check to see if the surgeon’s website has more information about financing.

There’s no denying that plastic surgery can change your life for the better. So, if you have a procedure in mind but don’t have the cash to pay for it, financing may be a good option.

With this list of the best credit cards and loans for plastic surgery, you can finally take the plunge and schedule your procedure. Best of luck in your journey to a happier, more confident you!



Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Bad Credit

Credit 9 Gets Bad Review For Debt Consolidation Loans

Published

on

Have You Received A Loan Offer In The Mail From Credit 9?

If you have been thinking about it and you just received a “too good to be true” loan offer in the mail from Credit 9, Tripoint Lending, Simple Path Financial, or SPF Saves or – listen to your gut instinct. Do you really think you qualify for a 3% interest rate? Do you really think that reservation code is especially for you? Check Crixeo and find out the truth.

Is Credit 9 A Scam?

Credit9 is affiliated with Americor Funding, a debt resolution company.

It appears that Credit 9 is operating a typical bait and switch scheme. They lure you in by sending you direct mail with a “personalized reservation code” and a low 4%-5% interest rate to consolidate your high-interest credit card debt.

Credit9 doesn’t tell you that you need excellent credit to qualify for a loan with that low-interest rate (which you have been supposedly preapproved for).

While the Credit 9 Nine mailer offers incredibly low rates, the licensing information on their site discloses that “typical” rates for most states they include in their disclosure are 18-24% APR.

Interestingly, while having sample rates for the State of Pennsylvania, the Credit 9 website also discloses that “These products/services are not offered to Pennsylvania residents.”

When it comes to debt-consolidation loans, you’ll find varying interest rates that may be different from one lender to another.

Debt consolidation programs cover several types of loans, including home equity loans, personal loans, and balance transfer credit. The main reason for taking out a personal loan is the consolidation of existing debt. Interest rates may vary, but they are less expensive, convenient, and easier to manage than other types of debts – such as medical bills and credit cards.

The average interest rate depends on the type of personal loan you’re applying for, your credit score, and other factors. In most cases, the better your credit, a better credit will get you approved for a more affordable interest rate.

Factors That Influence Debt Consolidation Loan

Lending Tree also reported that the annual percentage rate (APR) for a personal loan was also heavily influenced by the credit score of the borrower.

For a credit score of 720 or higher, the APR was 7.63% at its lowest. And for a credit score of 560 or lower, the APR was a whopping 113.62% at its highest.

This means that personal loans favor buyers with strong credits, while borrowers with a bad credit face extremely high interest rates. It is worth shopping around, no matter how bad your credit score.

Doing research will give you an idea about the rates available to you from different lenders and your options. It is worth noting that each application could trigger a hard pull on your credit report, which will hurt your credit score for a few months. This is why it is better to submit multiple applications in quick succession so that your credit score only goes through a single hard inquiry throughout your shopping period.

What is the Average Loan Legnth for Debt Consolidation?

The average loan length varies, but most borrowers are able to secure a repayment term of between 2 to 5 years. While it is within the realm of possibility to negotiate a higher repayment term, it will come at the cost of a higher interest rate. Not to mention the fact that you’ll be paying the interest rate for longer. Lenders do this to offset the risk of default on their loans.

Factors That Affect the Average Debt-Consolidation Loan Rate

The actual loan rate depends on the type of solution you’re looking for. For instance, home equity loans have the lowest average interest rates This is because it’s a secured loan, meaning your home becomes collateral, and you can secure a lower rate that is more feasible for you. The average home equity loan for a 15 year term at fixed rates is well within the range of 3% to 9%.

By contrast, unsecured personal debt accrues some of the highest interest rates. They are unsecured, which means there’s no collateral for lenders to recoup their investments should the borrower default. These are known as personal loans and they often come with an average loan rate of about 11.91%.

Other than the type of product you’re looking for, there are few other factors to consider.

Credit Scores

As a general rule, a strong credit score can help you secure lower interest rates. But if your credit report shows a history of late or missed payments, you should try to improve your credit before applying for debt-consolidation loan.

The Lender

You’ll find debt-consolidation loans at credit unions, online lenders, and traditional banks – among others. Every lender will charge a different rate. You’ll get lower APRs at credit unions compared to traditional banks. Some online lenders offer loans to individuals with low credit scores. But their interest rates are often extremely bloated – often hovering within the ranges of 6% to over 30%.

Debt to Income Ratio

The Debt-to-Income ratio is the ratio of your debt owed each month to your earnings. Lenders often equate high DTIs as a high risk. A high DTI, usually above 40% will make it difficult to secure a lower interest rate.

Loan term

The loan term is the period over which you repay your loan. A shorter-term loan offers lower interest rates and reduces your overall cost. Longer loan terms come with high APRs and a higher cost, but they usually translate to lower monthly payments.

Fixed vs. Variable PR

A fixed interest rate might mean a higher interest rate, but it will likely remain the same during the length of your term. Variable interest rates often start lower but increase over time based on market changes.

The Bottom Line

Now that you know more about debt-consolidation loans, you can strategize the best financial outcome for your situation.

Finding a good interest rate requires two basic elements:

  1. The loan you receive should have a lower interest rate than your existing debt
  2. You should change your spending habits to get out of debt without paying.

Despite the glaring issues (for individuals with lower credit scores), consolidation loans can be extremely useful with the right tools. Provided you’re astute with your finances, you should be able to clear out your other debts with relative ease. It’s always prudent to do your research when it comes to any major financial decision, and this holds true for debt consolidation.

As always, make sure to read the terms and conditions to learn as many details about the loan as possible – otherwise it could end up being something like a natural disaster.

Source link

Continue Reading

Bad Credit

No Credit Check Loans in Canada: Is This Loan Option Legit? – Blog

Published

on

Sometimes, you’ll find yourself in life being strapped for cash while there are bills that you need to pay. In this unfortunate circumstance, one of your options is to borrow money. Even for a small sum of cash, you can obtain a loan to tide you over until you have enough money to repay it and get back to normal.

Among the small loans that you can get today are payday loans. The good thing about this loan type is that you can obtain the money fast, and you can avail of it even if you don’t have a stellar credit score. If you want to get this loan, you can apply for no credit check loans in canada on PersonalMoneyNetwork’s website.

But is the “guaranteed” marketing legit? And how does guaranteed payday loans work? Let’s find out in this blog post.

How Does This Loan Option Work?

Lenders that provide guaranteed payday loans conduct non-traditional credit checks on borrowers. They don’t care as much of your credit history as your ability to repay the loan. So, instead of checking your credit score, these online lenders look at your source of income as the primary requirement for you to get approved.

However, the word “guaranteed” is not entirely true. Let’s just say it’s almost guaranteed. As long as the lender sees that you’re capable of paying what you owe, you’ll get immediate approval of your loan application.

The application process for this loan is straightforward because it’s online. Just send your credentials to the lender, and the latter will review it whether you’re qualified. Once the lender approves your application, you can get the money quickly. Your lender will transfer the funds to your bank account or send you a check just within the day of your application or the next day.

Keep in mind that online payday loans are short-term money loans. The word “payday” in its name means that you have to repay what you owe on your salary payment date, which usually comes every two weeks or one month.

It’s essential to manage your repayment when taking out a payday loan because the interest rate can be pretty high. Some borrowers of this loan are stuck in a debt cycle because they fail to create a budget plan for repayments.

Features You Need to Consider

For you to find a lender that offers the best deal for your financial situation, you should take note of these features.

  • Loan amount. Payday loans are regulated by the state where you live. For instance, there’s a limit on how much money you’re able to borrow. It’s advised to go for a lender that allows borrowers to take out the maximum limit, especially if you want to borrow a higher sum of cash.
  • Repayment period. Besides the amount of the loan, the loan terms of payday loans are also state-regulated. You better understand the state regulations on payday loan terms before you apply for one. Typically, payday loans have a repayment period of two weeks or one month.
  • Time of access to funds. Online lenders differ when it comes to processing loan applications and providing the funds that borrowers need. If you want to use the loan for an emergency, make sure to go to a lender that provides you access to the funds just within the day of your application.

Benefits of Online Payday Loans

Choosing an online payday loan can help you survive a short-term financial problem. Here are some of the pros of this loan option.

  • No hassle to apply for this loan. You won’t have any problem applying for a payday loan because the application is online. Just visit the website of the lender and submit your loan application there.
  • You can use the loan for whatever purpose. Payday loans are good for any kind of purchase. You can use the funds to pay for a car repair, cover travel expenses, pay bills, etc.
  • People with bad credit can avail of this loan. Since there’s no hard credit inquiry for payday loans, borrowers with poor credit scores can still get approved for this loan. The most important requirement is to have a regular income to receive approval.
  • Regulated by the state. State governments have put regulations to prevent lenders from charging exorbitant fees and interest rates.

Drawbacks of This Type of Loan

After learning the advantages of taking out this loan option, let’s now discuss the drawbacks of online payday loans.

  • Expensive interest and fees. If you compare payday loans to traditional loans, the former charges higher fees and interest rates. Lenders want to have a buffer against providing loans to high-risk borrowers. That’s why payday loans are more expensive than traditional loans.
  • Predatory lenders and scammers. Online lenders are not easy to trust because some don’t follow regulations, and they put their borrowers into a debt trap. So, you must be extra careful looking for one.

Takeaway

Online payday loans are the go-to money loan if you need a small sum of cash for the short term. Learn the features of the loan, its advantages, and disadvantages before taking out one. You can review this blog post if you want to learn more about it.



Source link

Continue Reading

Bad Credit

Local Toyota Dealership Offers Financing to Those with Poor Credit

Published

on

Drivers with Bad Credit or No Credit May Still Finance at Gale Toyota.

ENFIELD, Conn. (PRWEB) October 30, 2020

Drivers in the Enfield area who are having a hard time with credit or who are just getting started with their credit history may still be able to find financing for a new car, as Gale Toyota offers financing to customers with poor credit.

While Gale Toyota might be best known for its selection of new Toyota models and a variety of pre-owned vehicles, the dealership also has a dedicated subprime financing department ready to work with customers who might not be able to receive financing at a different auto dealership. Whether the credit problem is due to bankruptcies, foreclosure, late payments, repossessions, collections, tax liens or any other financial calamity, Gale Toyota offers to work on a financial plan that will work for the customer.

For those who are setting out into the credit world for the first time or who have struggled with credit in recent days, this kind of loan is one that can help get them back in good credit graces once more, as long as they stick to the schedule and terms outlined in the agreement. This is particularly beneficial for drivers in need of a new set of wheels who might not be accepted for financial terms at dealerships elsewhere.

Gale Toyota crafts subprime loans that are unique to the individual’s needs so they can have a payment plan that will work well for them. Each loan is designed to be within each customer’s budget to help ensure successful completion of the loan and payment. The representatives from the dealership will take customers through the entire process and help ensure they’re getting the right loan and the right car.

Interested parties who wish to receive more information about the ins and outs of the subprime financing are encouraged to visit http://www.galetoyota.com or call 860-269-3608.

For the original version on PRWeb visit: https://www.prweb.com/releases/local_toyota_dealership_offers_financing_to_those_with_poor_credit/prweb17515498.htm

Source link

Continue Reading

Trending