Easy Christmas Loans

The holidays are stressful enough without the added strain of financial shortfalls. Many borrowers seek easy Christmas loans to help finance the special meals, decorations, holiday travel and, of course, gifts.  While there are many choices for financing your holiday spending, one of the best choices for easy Christmas loans is LoanNow!

Credit Card Cash Advances

For many consumers, easy Christmas loans can be found right in their bill folders or pocketbooks. A trip to the nearest ATM yields cash with no fuss and no application process. But credit card cash advances are not so easy once the money is dispensed. That’s because interest begins to accrue from the minute cash emerges from the ATM.  And APRs for credit card cash advances are higher than APRs for purchases.  If you carry balances on your credit cards, you could be repaying that cash advance for years. That’s enough to make anyone feel like a Grinch.

Pawn Shops

One one level, pawn shops offer the easiest of easy Christmas loans. Borrowers present valuable merchandise, surrender the merchandise temporarily and walk out with cash, no questions asked. But pawn shops are Grinches where lending is concerned.  Not only do they demand borrowers surrender their possessions as collateral, the loans they provide typically cover only about 25 percent of the value of those items. And borrowers must repay those loans, in full, with interest within 30 to 60 days or risk forfeiting their possessions for good. Not much of the holiday spirit there.

Payday Loans

If pawn shops are Grinches where holiday loans are concerned, payday lenders are Scrooge.  Payday lenders provide easy Christmas loans to nearly anyone with a job and an active bank account.  But those loans come with serious strings attached. Besides their high interest rates, payday loans carry a demand for payment in full within a very brief period of time that’s scheduled according to your next pay date. If you’re paid weekly your loan could be due within 10 days!

But the real lump of coal in your stocking arrives when the first rollover is processed. After borrowers make a token payment, payday lenders refinance the remaining balance into an entirely new loan, with a fresh set of interest charges and administrative fees – which is due on the borrower’s NEXT pay period. After this process is repeated a few times, many borrowers find that they owe more than they originally borrowed, despite maintaining consistent payments!

LoanNow

At LoanNow, we don’t make grand promises of easy Christmas loans with no credit check. But we do make the process convenient – our online application system produces responses in minutes, not weeks^†. At LoanNow, you’re not just a FICO score – we consider your entire financial profile when making lending decisions.  And we never require collateral as a condition for approval.  LoanNow loan repayments are structured with manageable monthly installments – not demands for payment in full.  If you are struggling with repayments, we work with you to get you back on track. Borrowers who maintain consistent on-time payments receive LOWER interest rates on future LoanNow loans.  Keep your holidays stress free — think LoanNow for holiday cash!