Quick Loans Online
With quick loans online, you can not only obtain the money you need quickly, you can also avoid the potential embarrassment of running into a neighbor or co-worker on your way to or from a payday loan store. But the convenience of getting quick loans online from a payday lender is far outweighed by being caught in the trap of payday loans. Fortunately, LoanNow provides an alternative for obtaining the money you need, when you need it – with repayment plans that you can live with.
The Problem with Bank Loans
Bank loans can really enhance your quality of life. Banks offer loans for purchasing cars, houses or even paying for once-in-a-lifetime vacations. But banks place tough requirements on potential lenders – imposing stringent credit checks and sometimes requiring lenders to provide co-signers, collateral or both.
The process of obtaining bank loans can be lengthy. You can wait weeks while the bank goes through the underwriting process. If you’re facing a financial emergency, waiting for a bank loan may not be a viable option.
The Trap of Payday Loans
Many payday lenders offer quick loans online. At first glance, they can seem like a lifeline. Especially if you apply online, you can obtain a loan within 24 hours without ever leaving your home. But payday loans are set up so that it is almost inevitable that you will eventually pay much more than you originally borrowed.
That’s because payday loans combine extremely high interest rates with unrealistically short. In some cases, payday loans are due within a week or 10 days after you receive the money. Most borrowers – four out of five according to the Consumer Financial Protection Bureau – can’t pay their loans in full. That’s when the rollovers kick in, with each rollover imposing a new set of interest charges and administrative fees. After just a few rollovers, many borrowers who originally had modest three-figure loans find themselves with an obligation well into four figures.
LoanNow: the UnBank Loan
Fortunately, getting the money you need doesn’t involve waiting weeks for a decision or trapping yourself in an endless cycle of debt. LoanNow provides quick loans online that really fit your budget. Nearly all applications receive a response within 24 hours. † If you’re approved, you could have your money overnight. And at LoanNow, we don’t expect you to repay your loan in one lump sum. Instead, we offer manageable monthly installments – just like a bank loan. Why not try the speed and convenience of an unbank loan from LoanNow today!
