Lenders are within their rights to file reports with the three major credit bureaus—Experian, Equifax and Transunion—if you fail to repay your loan. This negative remark will lower your credit score and may make it impossible for you to obtain short term loans or other forms of credit in the future. However, once you have repaid your debt to your lender in full, this will be reported to the credit agencies and the negative remark will be removed from your credit history.
Another large expense that should be looked at is debt and how much that debt is costing you each month in interest alone. Figure out how to pay off you credit card and loan debt. Start putting more money toward the ones with the highest interest rates. Look into balance transfers to get a zero percent interest rate - but make sure you read the fine print and fully understand the contract. You can also call your credit card companies and ask about a rate reduction. If you need help, search for community networks or even debt consolidation companies who may be able to help. Shop around to find the right people with your best intentions at heart.
Consider how much you are spending on religious tithing. If you’re overwhelmed with expenses and having to turn to sources such as fast cash and payday loans, it’s important to look at your full financial picture. You may feel burdened but content about reorganizing all the previously mentioned expenses, but thinking about not tithing can be spiritually troublesome. Consider talking to your religious leader about the issue. You’ll likely find they are very supportive while you get your own financial house in order. Once you are back on your feet, you may be able to contribute even more than you did before. Plus, there are more ways to contribute to your religious community than giving money. Time is just as valuable and can be more helpful.
Applying for an installment loan from a direct lender like MoneyKey is quick and easy. Click on Apply Now to start your application and fill in the required form. If your application is accepted, you will be asked to review and sign the loan agreement. A MoneyKey agent will contact you to verify your information and confirm the loan with you. Once your loan is approved, you will get the money in your bank account as soon as the next business day.
The USA PATRIOT Act is a federal law that requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. You will be asked to provide your name, address, date of birth, and other information that will allow us to identify you. You may also be asked to provide documentation as proof of identification. Approval is contingent upon successfully passing this mandatory identification confirmation.
Customer Notice: Payday Loans are typically for two-to four-week terms (up to six months in IL). Some borrowers, however, use Payday Loans for several months, which can be expensive. Payday Loans (also referred to as Payday Advances, Cash Advances, Deferred Deposit Transactions/Loans) and high-interest loans should be used for short-term financial needs only and not as a long-term financial solution. Customers with credit difficulties should seek credit counseling before entering into any loan transaction. See State Center for specific information and requirements.
You may have heard of payday loans referred to as cash advances; they’re the same thing. If you are in need of quick cash, a payday loan may be the temporary financial fix for you. Remember, payday loans give access to fast cash, but the turnaround to pay back in full is usually around the time that you’ll receive your next pay check. With a payday loan from Speedy Cash, you will be repaying the principal loan amount plus finance fees.