Recently ABC News ran a story of small-dollar lending run amock. Elliott Clark, a retired Marine from Missouri took out multiple payday loans, totaling $2500. Over the next five years, he spent upwards of $50,000 to repay those loans. The anecdote, if true, demonstrates how volatile and unpredictable these kinds of loans can be. The…
Installment Loans: A Better Option, a Better Choice
If you have bad credit, if you have no collateral like a house or a car to put up, you might think that your only option for cash is to apply for a payday loan. You may think there is no better choice. Payday loans are custom-made for people who the big banks won’t work…
Installment Loan vs. Payday Loan
Pretend, just for a second, that something important has come up, and you need money quickly. The transmission on your car fell out, or your mother is stuck at the airport and needs cash for a plane ticket. Payday isn’t for another few days, and you don’t have the luxury of waiting. What do you do?…
7 Advantages of Installment Lenders
Most working class Americans have at one time been faced with a financial burden. Sometimes, the situation can be worked around. Perhaps borrowing a little money from a family member or friend. But other times, there simply seems to be no solution. Instead of the individual paying the expense with a high interest rate credit…
How Installment Loans are Better Than Credit
When it comes right down to it, there are only two different types of loans. No matter what they are called, or how they are marketed, if you are borrowing money, it is either through Installment Loans, or Revolving Credit. Installment loans are safer, structured, more secure, and more dependable. They offer fixed rates, an…