Do You Need A Christmas Loan?
Do you need Christmas loan help? There are a number of options, but beware. All Christmas loan options are not created equal. If you need Christmas loan funds, but have less than perfect credit, LoanNow may represent the best possible option.
Bank Loans
Bank loans are a traditional source of Christmas loan assistance – at least for borrowers who have excellent credit and the foresight to apply early. Borrowers with less than perfect credit or who need money immediately can find the process of applying for bank loans frustrating. Borrowers with marginal credit are often required to provide collateral, a credit worthy co-signer, or both. And all borrowers, regardless of credit standing, must frequently wait weeks for a response.
Friends and Family
Friends and family members frequently provide financial assistance – but if you need Christmas loan help family and friends may not be the best source. That’s because many people are in the same boat, spending too much money or trying to avoid doing so. In other words, although the people who know you best may care for you – in many cases you cannot count on them to provide financial assistance during the holidays.
Pawn Shops
If you need Christmas loan help, turning to a pawn shop can be downright depressing. That’s because pawn shops require collateral in the form of your own personal possessions. That diamond necklace you wanted to wear to the holiday party or that iPhone you just bought are just the type of merchandise pawn shop proprietors demand in exchange for their loans. Worse, pawn shop loans typically cover only about 25 percent of the value of the merchandise surrendered as collateral. And borrowers who fail to repay their loans within a specified time lose their possessions for good.
Payday Loans
No matter how badly you need Christmas loan help, payday loans should be avoided at all cost. The initial convenience of receiving a payday loan is quickly eliminated when the loan becomes due. And because of the unrealistically short repayment periods for payday loans, that day could arrive as soon as 10 days after you receive your loan. Talk about the Grinch that stole Christmas – nobody needs that kind of holiday humbug.
LoanNow
If you need Christmas loan help but have bad credit – or you’ve waited until the last minute to start your shopping, don’t panic. LoanNow has your back. LoanNow processes loans within hours, and approved borrowers receive their funds by direct deposit as soon as the next business day. † Unlike pawn shops, LoanNow never requires collateral, and unlike payday lenders, we say NO to rollovers. With LoanNow you can receive the cash you need to celebrate the holidays – without dampening your holiday spirit.
