Is there something you really need ASAP that just can’t wait but you don’t have the cash for? Is your need really all that urgent and can’t possibly wait. Let’s listen to Robert.
The kitchen in our house of 20 years has been calling for new tiles for many years now. The current floor is just too grimy for, too faded, and just doesn’t blend in with the rest of the house that we’ve tried so hard to maintain. The problem is that I’m in between jobs and my wife’s part-time work is the only thing that’s keeping us going at the moment. I’ve heard of easy loans online that can give us the money we need for the tiles. Is this a good deal?
– Robert
There are a hundred and one situations that might place you in a precarious position that needs an instant infusion of cash, specially if you have bad credit. Usually this is for must-have emergencies that really need to be addressed today the approval of which can’t wait for tomorrow. Robert’s need hardly qualifies in that department. Your new kitchen tiles, Robert, can always wait for a few months more. It’s not an absolute necessity. Hospital and medical expenses are. Rent money is, if the prospect of sleeping on the street is a real and imminent threat. Take a look at some very important points regarding easy loans online explained in the article “I Need a Loan Now.”
Find legit lenders of easy loans online
Where to find these fast small loans, such as what they have in the UK and Canada? As the name suggests, easy loans online can be found in the Internet. One tip for finding the best place to get a payday loan is to look up comments on any posting regarding the lender, or searching public forums where easy loans online are discussed. Isolated bad reviews might not be a significant indicator if balanced a greater number of positive ones. If the lender is consistently getting bad reviews from dissatisfied customers, let common sense prevail and stay away. It’s not worth the risk, no matter how great they make the deal sound!
The final authority on bad direct lenders
Exercise extreme caution in choosing the lender to borrow easy loans online from. You do not want to be in a situation far worse than the one that prompted you to look for a loan in the first place. Where there’s smoke there’s fire so if you’re seeing negative bad comments online about a lender on your shortlist, head on over to the Consumer Financial Protection Bureau website. It contains a list of lenders who have recently been reported by consumers. The CFPB is mandated to regulate lenders of easy personal loans.
Compare the interest rates of easy loans online
Know how to compute for the annual percentage rate (APR). Use this when comparing the interest rates of the easy loans online being offered instead interest rate indicated in the advertisement. The periods under which these loans are offered are usually very short and the interest rates indicated apply only to that period. Don’t make the mistake of thinking that a 5% interest on a 2-week loan is much better than the 15% annual interest rate offered by a banks, for example. It’s not. Here’s APR – Explained by the Better Business Bureau.
Always remember that easy loans online are more expensive than ordinary loans and should only be used for absolute necessities.
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But what if you just miscalculated your budget and now you can’t pay the rent? In this case, a trip to a lender merits a solution. How many people bought an Xbox One out of their daily budget? By month’s end some of them will be wondering where to get cash to pay the rent and guess what? They’ll turn to online loans. I don’t subscribe to this consumerism behavior but just to point out that the loan is useful in this context.
I think rent is not an emergency strictly speaking. I mean if you can’t pay the rent, it means your income is not enough. How can a loan solve your financial problem? I’ll look at the rent problem as a function of income shortage, not of cash flow. In short, I need to increase my income to stay where I am, or move out to a cheaper place. Better to lower your lifestyle standards that keep it with a tail of unpaid debts behind you.
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