There are times when additional money is needed before payday rolls around. Short term installment loans are available. There is little fuss in arranging these installment loans. With valid identification along with a copy of a recent pay stub, you can qualify. The term of the loan is predictable. As such, the borrower will be asked to provide the lender with a postdated check in the amount of the money loaned, plus the applicable fee.
The lender will provide the borrower with full disclosure. The borrower will know the APR (annual percentage rate), as well as charges that will be assessed in the event the loan cannot be paid off in full, or the payment is late.
Once these basic issues have been completed, the borrower can pick up the loan proceeds at a location convenient to the borrower’s home or have it deposited directly into his or her bank account.
Get Money When Other Sources Are Unavailable
There are times when the only source of money is a short-term payday loan. When the car breaks down or a child becomes ill and needs immediate medical attention, these are the types of things that cannot wait until payday.
Many extenuating circumstances make payday installment loans attractive. Unfortunately, it is a fact of life that many wage earners find themselves living from one paycheck to the next, with little or no savings to fall back on. Any unplanned for or unforeseen expense can lead to financial disaster.
In these types of circumstances, many people turn to their family for help. If this is not available, then a short term payday loan can be a lifesaver. If this is the only source of quick money, borrow only what you know you can repay in accordance with the terms of your loan. It may be tempting, but do not resort to short term payday loans for anything but true financial emergencies.
If you can’t wait until payday, get short term installment loans from Short Term Loans, LLC. To apply online, visit their website.