Installment loans can help people when they need money the most.
Many Americans do not have extra money to pull out of their wallet when a financial hardship occurs. Installment loans can help.
Installment loans can be used for almost any emergency expense – from paying for last-minute auto repairs to covering unexpected bills. They are typically paid back in weekly, bi-monthly, or monthly installments over an extended period of time.
Payday loans are small dollar short-term unsecured loans. Other times these types of loans are known as a cash advance. This is not to be confused with advances provided through a credit card line.
things can come up between paydays. That’s why payday loans might be beneficial. is that Imagine that your car breaks down? You have no money in the bank. Your direct deposit won’t hit your account until the middle of next week. What do you do? You could borrow from a relative if you’re lucky. However, borrowing from family can complicate relationships.
That’s where a small loan can come in handy. Get emergency money for your car, daycare bills, rent, or anything else that you need.
Years ago payday loans were offered and customers were required to repay loans immediately -that is on their next payday. Well, with installment loans, customers can borrow cash for emergencies and repay them over a longer period of time. Customers have the ability to repay these installment loans over 3 months, 6 months, or a year. We always encourage customers to repay quickly, this will help to cut down on the amount that you repay in interest.
The Cost of Installment Loans
Here’s the information available in the terms of service page of WeFixMoney.com:
Short term cash advances are intended to be paid off quickly and can be very expensive if utilized as long-term financing.
Since WeFixMoney is not a lender, we are not able to provide or advertise the actual terms, rates, APRs, or fees associated with the loan you may receive from a lender. The reason for this is that the terms, rates, APRs and fees vary from lender to lender.
For more details on the cost of funding, click here.
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